The Business Times, 13 August 1983
1983-08-13
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The Business Times
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Title Section11 1983-08-13 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, AUGUST IS, 1183 60 CENTS11 words
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429 1983-08-13 1 LEE YOKE MENG - By LEE YOKE MENG IT IS high time insurers change their marketing strategies and try to adopt the "R4D" approach towards upgrading their products, said Mr RC Kohli, former director of studies at the Singapore Insurance Training Centre (SITC). He believes that the scientific,429 words
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180 1983-08-13 1 Reuter AP INDONESIA'S non-oil exports are likely to exceed the government's target of US$4.2 billion for the fiscal year ending in March 1964, the official Antara news agency quoted Trade Minister Rachmat Saleh as saying. Mr Saleh said economic recovery in several industrialisedReuter; AP - 180 words
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514 1983-08-13 1 CHRIS LIM - By CHRIS LIM UNITED Overseas Bank, like the DBS group, has chosen to include profit derived from the sale of shares in International Bank of Singapore in its interim results. Three major banking groups UOB, DBS and the Oversea-Chi-nese Banking Corporation made514 words
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Article501 1983-08-13 1 Reuter THE FINANCE ministers of Britain and its former colonies will consider a plan in Trinidad next month for a world economic conference similar to the historic Bretton Woods meeting of 1944, financial sources said. The Bretton Woods conference in New Hampshire established fixed exchangeReuter - 501 words
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344 1983-08-13 1 Reuter THE OIL industry is optimistic but cautious about the progress of China's offshore oil development as the massive programme begins to take shape. As the latest contracts in the first round of bidding were signed last week by a group led by OccidentalReuter - 344 words
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BRIEFLY...
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Article76 1983-08-13 1 AN AIR services agreement was signed yesterday between Singapore and the Republic of Maldives, providing for direct air links between the two islands. The pact places no restrictions on frequency of service or type of aircraft. Singapore Airlines can operate through any two cities in Asia to76 words
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Article60 1983-08-13 1 Reuter RUMANIA is planning to make new proposals to break the deadlock in US-Soviet talks in Geneva on curbing medium-range nuclear missiles. Diplomatic sources in Bonn said West German Foreign Minister Hans-Dietrich Genscher had been given this impression during talks at a Black Sea resort this week withReuter - 60 words
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Article55 1983-08-13 1 Reuter BRITAIN'S industrial production fell a provisional, seasonally adjusted 1.7 per cent in June after a downward revised 0.5 per cent increase in May, Central Statistical Office figures show. The June All Industries Index was provisionally set at 102.7 base 1975, which was 1.6 per cent higher thanReuter - 55 words
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Article61 1983-08-13 1 AP PRIME Minister Indira Gandhi yesterday announced Indian support for ethnic reconciliation in riot-torn Sri Lanka on the basis of TamilSinhalese unity rather than splitting the island into two countries. In a statement to Parliament, Mrs Gandhi rejected the demands of Tamils in both Sri Lanka and IndiaAP - 61 words
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Article50 1983-08-13 1 Reuter THE Italian coalition government headed by Socialist Prime Minister Bettino Craxi obtained a clear vote of confidence in the Chamber of Deputies (Lower House) of Parliament yesterday. Voting was 361 in favour, 243 against with three abstentions. Twenty-three of the chamber's 630 members were absent. ReuterReuter - 50 words
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Article64 1983-08-13 1 Reuter THE decline in the number of US manufacturing investments by foreign companies may be coming to an end, the Conference Board said. The board's judgment is based on figures indicating foreign manufacturing companies announced 133 new investments in the US in the first six months ofReuter - 64 words
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Article65 1983-08-13 1 AP WHOLESALE prices in the US rose a minuscule 0.1 per cent in July as the cost of food fell for the third straight month and the summer's energy price gains moderated, the government reported. July's overall price increase of 0.1 per cent, after seasonal adjustment, compared withAP - 65 words
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Article66 1983-08-13 1 AP THE Libyan army was reported pouring supplies and reinforcements into the key northern oasis of FayaLargeau yesterday in possible preparation for a new assault on government positions to the south. Western diplomatic sources in N'djamena, 800 km south, said Libyan convoys were moving to the outpost from theAP - 66 words
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284 1983-08-13 1 THE Wagipin MUr yesterday piaaged to lte fewest level agiM toe US currency tola year aa toe greenback centlninned to Mar la wsrid markets oa toe hack of rising American Interest ratoa. Trading apeaed yesterday wito toe Slngapare dellar dealt at SfLISM/M284 words
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514 1983-08-13 1 Reuter THE Hongkong dollar and interest rates have remained relatively stable in recent weeks in spite of strong pressure from the US. Dealers and analysts said although the US dollar has made rapid gains against major currencies, the Hongkong currency hasReuter - 514 words
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Page 1 Advertisements
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Advertisement235 1983-08-13 1 rriii :kiii ;«^PDf:Vii vS^ k. u;wi»:u,; v i. r i •mm CITIBANK will offer round-the-clock service to customers through automated teller machines —in October Page 2 SINGAPORE refiners are gearing up to produce more fuel oil because of strong regional demand Page 3 SHIPPING companies in Britain are helping to235 words
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Advertisement125 1983-08-13 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 the125 words
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Advertisement169 1983-08-13 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) International Banking Problems? Wfe have the sdution. w A Hongkongßank has over 1,000 offices in 54 countries. A network of branches supported by technology that is among the most advanced in the world. Two facts which169 words
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BANKING AND FINANCE
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432 1983-08-13 2 CITIBANK will offer round-the-clock service to customers through automated teller machines in October. A customers can use an ATM card to draw or put money into electronic machines to be placed at entrances of the bank's branches at Orchard Road, Shenton Way and432 words
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369 1983-08-13 2 AN AMERICAN banker has expressed utmost confidence in the region's ability to repay its debts. Manufacturers Hanover Trust Corporation's president, Mr Harry Taylor, who was on a brief visit here, told Business Times that there are no potential defaults in Asia. Countries in369 words
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Article88 1983-08-13 2 Reuter THE AUSTRALIAN government has told Citibank NA it must find an Australian partner within four years to take a 50 per cent interest in its planned purchase of Merchant Bank Grindlays Australia, Treasurer Paul Keating said. Citibank plans to acquire all the issued capital of Grindlays Australia,Reuter - 88 words
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Article115 1983-08-13 2 Reuter MEXICO'S national oil company Pemex signed a US$4 billion bankers acceptance facility, renewing an accord signed in 1979 for $2.5 billion and expanded to the present level in 1961, Bank of America said. The facility, renewed for a further two years, is to finance crude oilReuter - 115 words
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Article89 1983-08-13 2 Reuter MERCANTILE Texas Corp and Southwest Bancshares said they have reached a definitive merger agreement. The companies said the accord follows the June 21 announcement of an agreement in principle calling for the creation of a new banking and financial services organisation, Mercantile Southwest Corp. The pactReuter - 89 words
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706 1983-08-13 2 Reuter THE BUNDESBANK has decided to persevere with its moderate policy of currency market intervention and tightening money market liquidity in its attempt to defend the mark on foreign exchanges, commercial bank economists said. Thursday's decision to leave leading interest rates unchanged, whileReuter - 706 words
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275 1983-08-13 2 Reuter LONDON said it would be premature for UK commercial banks to commit themselves to a loan to Argentina before the full International Monetary Fund executive board has met to review Argentina's performance That statement was made on Thursday despite comments byReuter - 275 words
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499 1983-08-13 2 FT FRANCE'S official reserves of foreign exchanges, which have risen dramatically in recent months, soared by a further 15.9 billion French francs last month, thanks partly to the drawing of government loans from the European Economic Community. Currency holdings have now risen byFT - 499 words
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285 1983-08-13 2 Reuter U8 CREDIT market* ■bowed signs aa Tbarsday sf shraggtag off the latease pessimism which has afflicted them far weeks, sr—lag better aews la stare w maaey supply Mi a slawtag sf eraasmlc grewtb, analysts said yesterday. Altheagh weekly M-l maaey sappty wasReuter - 285 words
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597 1983-08-13 2 Reuter PARTNERS in Nigeria's planned US$7 billion Bonny liquefied natural gas (LNG) complex plan to seek $5 billion in commercial credits late next year, with a quarter of that amount in syndicated Eurocredits, industry sources said. Planned capacity has been halved and projected costsReuter - 597 words
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Article161 1983-08-13 2 Reuter JAPANESE Foreign Minister Shintaro Abe and Iraqi Trade Minister Hassan Ali have signed an agreement under which Japan will extend a US$l.5 billion loan to Baghdad for five years, a Japanese spokesman said. The loan represents the unused portion of a $2 billion JapaneseReuter - 161 words
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MONEY AND EXCHANGES
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Article183 1983-08-13 2 ASIAN ASIAN currency deposit Interbank rates as at 5 pm on Aug 12: U8 D*lUr*(8pot) Offer Bid 7 days 9 15/18 913/16 1 month 101/16 915/16 2 months 10H 10* 3 months 10H 10 9/16 6 months 111/16 1015/16 9 months 113/16 111/16 12 months 11* 11* Das. 8w.Fr*. (Uijji.183 words
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Article22 1983-08-13 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.08 per cent.22 words
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Article51 1983-08-13 2 RANGE of prices offer ed by discount boiaes on Aug 13: Overnight: 3 Call deposits 3 3 Closing Bnying Sclling 3-month Treasury bills 2 9/18 2 7/16 3-month Bank bills 7 5/18 7 3/16 3 months CD 7B/16 7 7/16 6 months CD 7 13/16 711/16 Source: National Discount51 words
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Article49 1983-08-13 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Aug 15 to Aug 19: Offered: 1130,000,000 Applied fee: <207,300,000. Allotted: 1130.000,000. Accepted Mds: 199.36 approximately 34 per cent; higher bids in full. Avenge rate «f dbeoaat m alfetmeat: 2.535 per cent per annum.49 words
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Article54 1983-08-13 2 Opening quotes yesterday US —1.4797/«07 Can -***** 8311 Cross ***** 68 DMk- 4.0423/60 D F1 4.5214/53 S FV 3.2445/85 B Ft con 80.90 81.02 F FY 12.1607 1763 Lit 2392.35 2396.77 Yen 365.95 366 45 D Kr -14.5538 5662 NKr- 11.1924 2059 S Kr 11.7768 7906 Aus sch 28.42/4554 words
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Article458 1983-08-13 2 THE US dollar yesterday closed higher against major currencies compared with New York's level, but was below the day's high on suspected Bundesbank intervention in Frankfurt and some weekend profit-taking. Dealers said the US dollar remained supported by market expectations of a further increase in US interest rates458 words
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Article184 1983-08-13 2 A FLURRY of late buying pushed the dollar to an eight-month high of 247.80 yen yesterday, but preweekend profit-taking and suspected Bank of Japan intervention brought it down to 247.35 yen at the close. The dollar also traded at a high of 2.7380 marks after falling to 2.7255 in184 words
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Article240 1983-08-13 2 GOLD FUTURES in Singapore yesterday closed generally firmer compared with New York's level after fluctuating narrowly in a market lacking fresh factors. Trading was generally quiet throughout the day with total sales recorded at 123 lots while kerb 6 volume was 203 lots. Prompt closed higher at U*****.50/413.00 an240 words
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Article35 1983-08-13 2 Itai Wed New York ***** 11.S8B 11.73S 11.73S Zurich 1170B 11.6GB U.75S 11.71S PH Than Singapore 1170B 11.63B 11.T7S 11.70S Closing prices in US dollars a troy ounc e. Source: Credit Suisse, S'pore.35 words
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Article88 1983-08-13 2 THE US dollar yesterday rose against other major currencies in active late business, mainly boosted by expectations of further rises in US interest rates and an increase in US money supply. Dealers projected a US$2 billion to S3 billion rise in M1, which will leave aggregates $5 billion to88 words
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Page 2 Advertisements
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Advertisement199 1983-08-13 2 Were not original. World r Executive's Digest The compact international magazine offering carefully selected time-saving condensations of management books and articles from all over the world. Worldwide management experience at your fingertips. We're brief. Subscribe now to WORLD EXECUTIVE'S DIGEST and get a double plus a hard-cover edition of The199 words
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TRADE AND INDUSTRY
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Article360 1983-08-13 3 KOH TSE YING - By KOH TSE YING THE Public Utilities Board is giving up its existing IBM mainframe in favour of a larger capacity IBM plug compatible mainframe at the end of this year. In a recent tender for the supply and installation of an IBM or an360 words
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Article225 1983-08-13 3 KAJIMA Corporation has won a contract to build a flyover across the Pan Island Expressway along Jurong East Central at a cost of $5.03 million. Work on the 200-metre long road started on July 18 and will be completed in October next year. The four-lane dual225 words
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Article945 1983-08-13 3 SEMINARS AND COURSES Aug 11-13: Leadership Dynamics Seminar, Hyatt Regency Singapore, Leadership Dynamics International of Atlanta, Georgia, and Campus Crusade Asia Ltd Aug 15-17: International Marketing Planning, Singapore Institute of Management, Singapore Institute of Management Aug 15-17: Profitable Product Management, Hyatt Hotel, MI Asia Pacific Pte Ltd Aug945 words
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216 1983-08-13 3 THE Housing and Development Board is offering its first units of executive-type maisonettes worth more than $14 million to the public. An HDB spokesman said yesterday that a total of 104 units in the Potong Pasir area will be available for balloting next216 words
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Article65 1983-08-13 3 THE INTERNATIONAL Information Management Congress (IMC) 1964 conference and exposition will be held in Singapore on Oct 2 to 4. The Hyatt Regency Hotel has been selected both as the congress headquarters and the site for seminars and exhibits by the co-chair-men of the IMC conference65 words
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416 1983-08-13 3 LOH HUI YIN - By LOH HUI YIN SINGAPORE refiners are gearing up to produce more fuel oil because of strong regional demand and soaring prices for the petroleum product. This surge in demand has even resulted in one company buying Iranian heavy crude on a term contract416 words
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Article, Illustration361 1983-08-13 3 AN AUSTRALIAN company has produced a portable industrial carpet and upholstery cleaner, which can be easily operated by one person. The machine, made by Jetvac Australia Pty Ltd, is used in hospitals, hotels and government buildings in Australia. Made from reinforced fibreglass polyester resin and gelcoat, it features361 words
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338 1983-08-13 3 MONICA GWEE - By MONICA GWEE THE Holiday Inn chain is counting on its worldwide sales network to buoy its 22 hotels in the Asia-Pacif-ic in the wake of depression in the travel industry. "Singapore will certainly see a few years of had times," said Mrs See338 words
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198 1983-08-13 3 Norton Pte Ltd (Singapore) has set up a customer service centre for abrasive products in South-east Asia. Established 10 years ago as a distributor of Norton products such as diamond wheels, drill bits and other construction products used for slicing and cutting, it198 words
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Article, Illustration340 1983-08-13 3 CANADIAN Pacific Airlines has announced the appointment of David Sallaway as passenger sales manager, South-east Asia, based in Singapore. He succeeds Mr Adrian Rops who has been transferred to New York to take up his new position as regional sales manager, Eastern and Central USA. In his340 words
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Page 3 Advertisements
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Advertisement333 1983-08-13 3 This announcement appeers as a matter of record only OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in the Republic of Singapore) Rights Issue of 24,787,412 Shares of One Dollar each at 554.00 per share MANAGED AND UNDERWRITTEN BY OVERSEAS UNION BANK LIMITED The following also participated in the underwriting: Asian-American Merchant Bank333 words
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OVERSEAS
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Article134 1983-08-13 4 Reuter BRITAIN'S biggest shipping company, P and O, named a new chairman on Thursday in an apparent move to guard against takeover by its main rival in the luxury cruise market. Peninsular and Oriental Steam Navigation Company (P and O) said Jeffrey Sterling, headReuter - 134 words
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458 1983-08-13 4 AFP SHIPPING companies in Britain are helping to thwart a £16 million (US$24 million) fraud, believed to have been organised by an international syndicate from Taiwan. The High court in London on Wednesday issued injunctions to stop goods from Taiwan being handed overAFP - 458 words
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Article265 1983-08-13 4 NYT A NEW sponge contraceptive is selling briskly throughout the western United States five weeks after it appeared on pharmacy shelves. One California drugstore sold five dozen packages of the disposable product, called Today, in 48 hours and has had trouble keeping it in stock. WomenNYT - 265 words
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Article163 1983-08-13 4 Reuter PRESIDENT Reagan hopes to visit China during his current White House term, which ends in January 1965, but has no plans to go there during a trip to Asia in November, the White House said on Thursday. Noting there was an agreement in principleReuter - 163 words
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Article742 1983-08-13 4 ARRIVALS Service Local Operator Number Time From SIA SQ11 0010 LAX/TYO PAA PA5 0015 JFK/SFO/HKG FT FT71 0940 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 1000 BWN MAS MH603 1020742 words
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415 1983-08-13 4 Reuter PRESIDENT Reagan, saying Chad was in France's sphere of interest, has ruled out direct US military intervention in the war against Libyan-supported rebels in the African country. Mr Reagan told an informal press conference that "we are not in any wayReuter - 415 words
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234 1983-08-13 4 UPI IN A study with possible implications for treatment of human cancers, a Boston medical team has said two common drugs administered together shrank cancers in mice by halting blood vessel growth to the tumours. Dr Judah Folk man of the Harvard Medical School saidUPI - 234 words
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Article, Illustration312 1983-08-13 4 Reuter FREAK southerly winds spread a huge oil-slick from a broken Spanish supertanker away from South Africa's Atlantic coastline on Thursday, and officials said the escape from a disastrous fouling of the shore was "miraculous." The slick was still lying off the coast but had thinnedReuter; AP picture - 312 words
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195 1983-08-13 4 Reuter A US nuclear missile that may have been aimed at a target in the Soviet Union was nearly launched by accident in 1960, according to an article by American columnist Jack Anderson. The article, which will appear in Sunday's Parade magazine, quotes twoReuter - 195 words
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230 1983-08-13 4 Reuter THE US Federal Bureau of Investigation (FBI) said on Thursday it was making inquiries about an incident in which youngsters using home computers gained entry to government nuclear laboratory computer banks. The security breach took place at Los Alamos. New Mexico, officials thereReuter - 230 words
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Article130 1983-08-13 4 AP THE Reagan administration announced plans on Thursday to proceed with a new US$3 billion to 16 billion nuclear weapons reactor for manufacturing more explosives for atomic bombs by 1995. Energy secretary Donald Hodel ordered environmental studies conducted on the suitability of building the socalled "new productionAP - 130 words
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290 1983-08-13 4 FT JAPAN'S share of world shipbuilding output was likely to shrink as Third World countries gained more orders, London-based Drewry Shipping Consultants said in a study of the industry. But the Par East, where Japan was still the largest world producer in a muchFT - 290 words
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Article1019 1983-08-13 4 VmmI Berth Arrival Departure MARINA WHARVES KEPPEL WHARVES Equator It&lmbe Ned Hobart Aran Builder Dal Yun Shan Equator IV Hanoi 01 KotaSegar Seng Hong Sll Ibex Str Pride Sunny Ocean Veronica 21E 3/4 44 15/6 23 31/2 22 45 10/11 28 35/6 20 1/2 26/7 alongside alongside1,019 words
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287 1983-08-13 5 Reuter US TREASURY secretary Donald Regan said the Chrysler loan guarantee board has decided to sell the Chrysler warrants it holds despite a request from company chairman Lee lacocca to reconsider. In a letter to lacocca, Mr Regan said the board seriously considered sellingReuter - 287 words
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529 1983-08-13 5 Reuter THE Bank of China's plans for a huge new Hongkong headquarters to be designed by award-winning American Chinese architect I M Pei were still stalled, a year after the project was announced, informed sources said on Thursday. The bank had notReuter - 529 words
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Article414 1983-08-13 5 Reuter THE outlook for inflation was probably better now than at any time in the past decade, the Federal Reserve Bank of New York said in its latest quarterly review. High unemployment was likely to help maintain a slow growth in wages and prices this yearReuter - 414 words
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372 1983-08-13 5 Reuter FORMAL negotiations between Caltex Pacific Indonesia (CPI), Indonesia's biggest oil producer, and the Indonesian government on renewal of contract terms for CPl's oldest fields started yesterday, senior government sources said. The sources, confirming reports in local newspapers of an announcement by energyReuter - 372 words
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Article, Illustration296 1983-08-13 5 UPI MANHATTAN'S blacked-out garment district was an armed camp on Thursday with hundreds of police guarding buildings crammed with next year's fashions at the height of the year's biggest buying season. Repair crews pumped water from a burned-out electric power substation, but thereUPI; UPI picture - 296 words
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WORLD IN BRIEF
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Article467 1983-08-13 5 Agencies THE United Auto Workers (UAW) union said about 400 union workers at Chrysler Corp's Engineering Centre in Highland Park, Michigan, went on strike on Thursday, citing serious health and safety problems at the plant. UAW vice-president Marc Stepp said the union proposed regular cleaning, installation of dustAgencies - 467 words
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Article320 1983-08-13 5 Reuter US COMMERCE secretary Malcolm Baldrige said Increased business sales in Jane helped cut inventories despite sharply higher industrial production. Earlier on Thursday, the department reported that business sales rose by 2.0 per cent in June after 3.6 per cent in May while business inventoriesReuter - 320 words
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Article190 1983-08-13 5 Reuter THE US government has predicted sharply lower harvests this autumn in its first report since a heatwave began scorching the American farm belt. US farmers will reap only 141.5 million tonnes of maize, the agriculture department said, giving a much smaller harvest this year thanReuter - 190 words
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445 1983-08-13 5 Bernama ALL is not lost for Malaysian batik manufacturers who are giving up hope of penetrating the Japanese market in a big way mainly because Japanese men think it is unmanly to wear a batik shirt. Jetro, the Japan External Trade Organisation, is embarkingBernama - 445 words
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337 1983-08-13 5 FT CHINA is sending a delegation in September to the General Agreement on Tariffs and Trade (Gatt) to negotiate terms for the Multifibre Arrangement (MFA). This is seen as a preliminary step towards China's eventually joining the Gatt. The Chinese missionFT - 337 words
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Page 4 Advertisements
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Advertisement21 1983-08-13 4 Fly Pan Am To The USA Daily And To More Than 45 U.S. Cities. -j- Pan Am.You Can't Beat The Experience.21 words
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Page 5 Advertisements
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Advertisement475 1983-08-13 5 TIMES INTER-BUSINEBB HOUSES ATHLETICS MEET '83 Saturday, Octobar 8,1983 National Stadium 6 p.m. PI For winners in the following: 4 x 100 m 4 x 400 m Tug-of-war Best Performer Champion Team Woman Seiko Challenge Trophy Gatorade Challenge Trophy Guinness Challenge Trophy Vitalis Challenge Trophy Business Times Challenge Trophy 4475 words
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Article416 1983-08-13 6 A MAN'S car is his mistress, goes popular saying. For some of the young motorists in Singapore, this saying cannot be more apt. They adorn their cars with bright coloured lights, only to find themselves on the wrong side of the law. The next time the416 words
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1369 1983-08-13 6 CHARLES MOHR - You don't win guerilla wars by killing guerillas' is a proposition now accepted by some in the Salvadorian army. The government's written nstional campaign plan' therefore emphesisee population control rather e war of attrition. CHARLES MOHR reports. CHARLES MOHR NYT IN purely military terms,NYT - 1,369 words
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637 1983-08-13 6 KAZUO ABIKO - By KAZUO ABIKO AP JAPANESE men have long sought out geisha and bar hostesses for after-dark social companionship in this male-oriented nation. Now, women are available as hired partners for such daytime activities as golf and tennis. Keiichi Kozu first set up aAP - 637 words
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Page 6 Advertisements
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Advertisement395 1983-08-13 6 Confucian values for modern Singapore Confucius says... In this publication, the editors make it easier for you to understand the ideas of Confucius and to participate in the hottest debate in town by classifying the sayings from the Analects under the following themes: Self-cultivation, Education, Politics and Economics, Rites and395 words
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Page 6 Miscellaneous
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Miscellaneous824 1983-08-13 6 t SINGAPORE 5 J 12.55 PM Opening folowed by Sesame Street 1.55 Doctor Snuggles 2.20 Saturday Matinee Fast Break 4.00 6th World Netbal Tournament 1953 Australan V$ New Zealand 5.10 Bintani (Jndanfan (Malay/r) 5.50 Fbitstone Froics 6.15 News (English) 6.25 On We Go: English for beginners. 6.40 Anthology Barn Bumkjg824 words
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Article, Illustration1002 1983-08-13 7 ROBERT LINDSEY - Californians anxiously await the return of their place in the sun By ROBERT LINDSEY NYT CALIFORNIANS are pursuing a new diversion this summer: watching for their beaches to come back. The storms that battered much of the United States last winter deeply scarred theNYT - 1,002 words
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Article, Illustration648 1983-08-13 7 RITA GOMEZ - Exports of electronic gemot shot up by 75 per cent end television gemee by 63 per cent lest year, putting them smong the feetest selling of Hongkong's consumer electronic products. The gemes renge from etreight-forwerd spece battles involving rockets end missiles, through extre-terrestrielReuter - 648 words
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829 1983-08-13 7 JOHN VINOCUR - By JOHN VINOCUR NYT THE French go arrogantly to Spain, hardly to Germany, and with a trace of trepidation to England. If maps were Rorschach tests, the Gallic brain, fixing on Spain, would probably respond: noise-cheap-hot. Germany gets treated, personally if not politically,NYT - 829 words
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Article, Illustration145 1983-08-13 7 SOMEBODY remarked that with three Metro hores along Scotts Road, it should be re-named Metro Boulevard. TALK about the never-say-die opportunist. There is a shop in Singapore selling ceremics at a generous discount and is calling the sale "Recession Sacrifices". SEVERAL airlines have been making145 words
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Article785 1983-08-13 7 DAVID YOUNG - EXMTRUTE nvEsnun By DAVID YOUNG WHEN the British expatriate drives along Changi Road for the last time he may well be looking forward to the mellow fruitfulness of an English autumn or the rigours of a highland winter. What he probably won't be thinking785 words
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Page 7 Miscellaneous
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Miscellaneous758 1983-08-13 7 CRYPTIC PUZZLE ACROSS 9 Mean the quantity is most important (9) 10 Finish with a while at home before taking tea out (9) 12 Name for a wrench (4) 13 Urging one, not having started pleading (6) 14 He only plays the drunkard who embraces the girl (7) 15 So758 words
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Page 8 Advertisements
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Advertisement876 1983-08-13 8 Where to wine, dine and entertain SHI with the American Express Card "if you dont already have the Card, call *****33 for an application form" I *1 < m T Dine in the grand tradition of emperors m Where sumptuous meals are prepared i|¥l m\ by masters in Beijing |!§IIbJ876 words
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Advertisement150 1983-08-13 8 !<r=] ST d •.wm restaurant Ltfl n Try our sumptuous delicacies from the Hunan Province. Cnovoici narlii J orcraamn 214, Duneam Road, Singapore 1129 Teh *****49,*****22 Ext 130 i i m c=^>; uke Coffee House We serve the Best of East and West 4P I Choose from a select potpourri150 words
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RAW MATERIALS
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Article1070 1983-08-13 9 COFFEE: Robusta futures yesterday held steady in the nearby most traded positions at midday in very thin volume dealing. November bid was £1,694 at the end of the morning session, £1 above the previous close. The market appeared to be holding steady on overall bullish sentiment as general1,070 words
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Article158 1983-08-13 9 CHINESE Praiaee Exchaage, Singapore, ci—tag prices per 1M kg yesterday. CteMit all: Bulk fob $135.00 sellers, old drum (in second hand drum) fob $148.00 sellers, new drum fob $152.00 sellers. Cspra: Mixed (loose) $80 buyers. Pepper: Muntok white pepper fob Asta NLW $350.00 sellers, Sarawak white pepper faq158 words
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Article197 1983-08-13 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettea yarn: China Blue Phoenix 20b 2,670; 32s 3,560, 40i 3,750 (per bale of 400 lbs). Piece gee*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly197 words
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Article321 1983-08-13 9 SINGAPORE: Yesterday's closing prices in S$ 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 0.73, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-auper 0.60, Special 0.54.321 words
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INTERNATIONAL STOCKS
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Article181 1983-08-13 9 AUO 11 Pr» GROUP B CORBEILLE Carrefour 1300 ♦11 Air-Liquid* B 8 N Oervali Piiwnf pa* fThnmaii 431 mm +0 Financier* de LVnton Lafarce Moet-Hennevy Opfl-Parlbas 04J0 200 1234 136.90 03 -1.7 ♦4 3.4 9 r (inomso Cle PrmoemlM da Petroles Credit Fancier De Prance MOJO -u Penarrojra 40j0181 words
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Article84 1983-08-13 9 AUG 11 Dm Hoechjt 1S6J0 4-1J Hoeach J0X *12 Aec-Telefunken tt .oo 4-1 Horten 161.00 4-4 BASF IBM 15 KanUdt aenoo 4-4 Biiw 146.70 nq 4-1.7 4-1X2 KHD Unde 242.00B 367.00 -5 Coamcnbuik CooU Oumml 170.M 104JO 4-1 •f 1.7 Preunac ***** ***** 1 4-45 □almier-Benx 578.00 Rwe 8T84 words
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Article85 1983-08-13 9 AUG 11 m FORWARD MARKET Or Bru Lamb Hobok Petro Ryl Dutch Sklro 2230 4660 5680 3836 1660 46 -TO 110 136 +25 Artwd" Ajtur 1254 SM 34 0 Soc Oen Bel( So fin a Rnlrav A 1666 4000 36 unch +10 Bnacan Ctnpt£ Cock 7 De Been 141885 words
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Article191 1983-08-13 9 AUG 11 Action* Suisse* Alusulsse Br Francs 20SH 822 -I S Sandos Ref. Sulser Pc Sulser Rec. Swiss Bank Br 2210 n> ms unch unch 16 Alusulsse Ref Brown Bowrl Br Plha fir 276 uao I -5 Swiss Bank Corp Ref 237 -1 Liuk ufifj or. Clba Deify P191 words
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Article105 1983-08-13 9 AUG 11 Lire Mediobanca MM -100 Butofl M llano An Ord 12B66 -41 no -4-25 Mondadorl Prlv 2700 40 Bel «MI -900 Montedison 217J0 uneh Central* Ord aoao -56 OllvetU Ord 3531 -23 Cond Acq urn Romi K 14ft. 15 1M -0.25 Pirelli And C 2900 -30 Erldanla Pirelli105 words
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Article184 1983-08-13 9 AUG U CI Hud Bay Mtn Imp OU AblUbl M UDCh |n«i 11* -bk Alean 43H -H Int Pro* Pipe II Also ma 31 unch lnt UU -1H Bank Moot IS* Intl Nickel us Bank Nov* Scotia 40* Kerr Add Rail T#l II unch Lobiaw B IMS kk BP184 words
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Article267 1983-08-13 9 AUO 11 Rand INDUSTRIALS Trust Bk Un Steel UnHec Woolworth 215 lie 5308 ***** unch 25 A Alpha ABercom AE And CI SET* 115 380 *10 480 3300 -10 unch 10 MINING8 Anginal Barlows C O Smith 1345 ***** unch Blyyoors Buffela 1100 mm 10 90 HWA Currle Finance267 words
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Article1413 1983-08-13 9 NEW YORK WALL STREET stock prices on Thursday closed mixed and trading volume slowed considerably as investors began to show concern about the expected growth in this week's money supply. The Dow Jones Industrial Average, which rose a total of 13 points over the past two days,1,413 words
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Article200 1983-08-13 9 AUO 11 ABN ru moo 5 Kbb KLM 22.10 166 00 71® 36.70 156.00 trtjoo -04 +1 unch -0.7 -0.7 >1 Atinlri Akao AMEV 110 00 75 JO 123 JO 1 14 1.3 Nurden National Ned Nedlloyd Amfu 88.00 4-4 Nmb 163 00 U Amrobnk 65 JO +0J fWk°"200 words
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Article250 1983-08-13 9 THE RUBBER market in Singapore yesterday closed slightly higher with September One RSS buyers quoted at 244.50 cents per kilo, up 0.25 cent from Thursday. The morning session was marked up slightly on higher Japanese and London advices before sellers emerged to pare the gains slightly. Prices fluctuated narrowly250 words
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Article337 1983-08-13 9 R AS prices In cent* per kilo yesterday: 11 PIM Buyer Int. 1 R-S-S prompt f.o.b. M0.fi tot. 1 R.S.S September 244 50 lat. 1 R-S-S. October 248.00 lat 2 R.S.S mOO UK/Coat ***** lat. 3 R-S.S 229.00 UK/Ooat 230.00 lat. 4 R-S.S 221.00 UK/Coat 230.00 lat 5337 words
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Article121 1983-08-13 9 NOON SSI R aad SMR prim ymt larday »A8 (l-Um palteo gfiSS Wmmm I ill Oetator (Forward Mth) layara 8»Uar» SSR 20 216.00 217.00N ***** 21&SON SSR 60 < 1 -ton pallatl ***** 213. SON 113.00 215 OON MRELB SMRCV (1-taa pallat) vnsc l bar 298 50121 words
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Article314 1983-08-13 9 VERY quiet conditions and minimal turnover persisted throughout, with new curent September RSS One losing Ave cents to bring it down to the preceding month's closing level, Hstttey, Cattor, Bath Ca said in its review of the Singapore and Malaysian rubber markets for the week ended Aug314 words
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Article30 1983-08-13 9 Rubber: Aug 12 Singapore: September: 244.50 cent* (up 0.25 cent) Malaysia: September: 267.00 cents (np 0.50 cent) Tin: M 930.32 per kilo (unchanged) 115 tonnes (up 25 tonnes)30 words
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Article70 1983-08-13 9 THE Straits tin price in Penang yesterday was unchanged at Ms3tJit a kilo, within the ITA lower range of Ms2f.ls to M132.K. Dealers attributed the steadiness te the buffer stock manager malntainlngsnpport at this level. He bought about N per cent of the disposals and local Interest took70 words
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Article272 1983-08-13 9 Reuter THAILAND'S second offseason rice crop harvested between April and June was around 2.2 million tonnes, 10.6 per cent above that of the same period last year. The government's National Economic and Social development Board said the crop was lower than the original estimateReuter - 272 words
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148 1983-08-13 9 Reuter THE US has pledged to refrain from subsidising wheat exports in markets where Australia is involved. This was announced by Australian Deputy Prime Minister Lionel Bowen, who was in Washington for trade talks with US officials. He said he had received "firmReuter - 148 words
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Article128 1983-08-13 9 THE Malaysian crude palm oil market yesterday closed off the day's highs on pre-weekend selling in moderately active trading, despite India's purchase of 10 cargoes of processed palm oil. In Aug, south rose MJIS to> MJ1.055 and north unchanged at M 51,040 while in Sep, north firmed Msls128 words
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Article185 1983-08-13 9 SOYBEAN futures in Chicago on Thursday closed 26 to 14 cents a bushel higher with settlements at the top of the day's 24 Vi US-cent range in November. All but distant August posted new contract highs. Trade sentiment that forecasts for hot, dry weather will add to US soy185 words
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Article180 1983-08-13 9 SOFT WHEAT futures in Chicago on Thursday closed mostly lower, ranging from off 3 1 US-cents per bushel in December to up in new crop July. December finished near the bottom of a iV* cent range. Wheat values failed to follow the uptrend in the soycomplex. Wednesday's rally was180 words
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3610 1983-08-13 10 BID and offer prices officially listed and hmliwss In and reported to the Stock Exchange erf Singapore yesterday with the number erf shares traded shown in brackets in lots of 1,000 units unless otherwise spec! fied. All Times Settlement Contracts are quoted3,610 words
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Article3536 1983-08-13 10 Gr*. Gr*s Net 1983 Last Div Div YTd P/E Vol Day High Low Company Sale or- C*VT (*000) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL aas 236 Acma 244 unch 74 30 2204 1 244 244 354 148 Alcom 266 13 5.0 34 14 234 13 2863,536 words
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Article2219 1983-08-13 10 BID and otter prices officially listed and hmiiwss 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 iinlf otherwise specified MXXntIALS Aieaas (2 906 2.985) (1) 2 86 (1) 2 84 (1)2,219 words
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Article763 1983-08-13 10 THE prt-NXtiMl Day tirtadrial rally the Shppore stack market catered Its third c*naecative —I—yesterday. Bet share prime BriM well Maw their day's kighs dee te the late easet af widespread prafittaktag. Atteattee was (eeeacd ea cam paalea that have reeeatly reported their earalag salts sack as UOB,763 words
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Article439 1983-08-13 10 IN SPITE of a late round of profit-taking, share prices managed to finish higher across a fairly wide frost on the Kuala Lumpur stock market yesterday. Prices opened mixed, following cautious trading on Wall Street, but thereafter moved up gradually until profit-takers and weak-hold-ers439 words
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Article174 1983-08-13 10 Muaftri' prices f»r Aig 12 SINGAPORE UNIT TRUST The Commerce 3.37 358 The Savings Fund 1.91 2.03 S'pore Prog Fund 1.52 1.81 S pore Sec. Fund 218 2 32xd S'pore Invest Fund 1.10 1.17 S'pore Equity Fund L# 1.58 ASIA UNIT TBU8T Mai Invest Fund 179 2.98 Mai174 words
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COMPANY NEWS
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663 1983-08-13 11 IF RECENT history is any guide, stock market investors might benefit in the period ahead by keeping a watchful eye on the bond .market. That is because bonds are keyed to interest rates, and declining rates, with a slight time lag, called the663 words
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Article360 1983-08-13 11 Company Glenealy Fed Cables Intl Trust Kuchai OUB Perled F I I I I Date Aumoced laat year 15/7 19/7 19/7 a/7 29/7 La Net EPS (eeats) 11.3 20.1 14.1 8.1 26.3(a) st Fall Ycx Gran Div. <%) 8.8 5.0 10.0 20.0 14.3(a) IT Net Predt (vmy 4,831360 words
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422 1983-08-13 11 RALEIGH Cycles (Malaysia) Bhd will continue to consider other profitable projects, even though it is committed to its original manufacturing activity. This was disclosed by Raleigh (M) chairman and chief executive Mr Tajudin bin Ramli in his latest annual statement. "Considering that demand for422 words
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Article141 1983-08-13 11 Reuter THE Hongkong and Shanghai Hotels Ltd expects to maintain a final dividend of 70 cents per share, in spite of lower half-year earnings. The company has reported a net profit after tax and minorities of HKJ66.88 million in the six months ended June 30, compared withReuter - 141 words
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Article104 1983-08-13 11 Reuter THE Securities and Exchange Commission has set new rules that will require bank holding companies to report broader information on non-performing loans, foreign loans and loan concentrations. Under the disclosure requirements, adopted by the Securities and Exchange Commission at a meeting, a bank holding companyReuter - 104 words
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544 1983-08-13 11 Market Talk... STOCKBROKING firm Oog and Company has recommended the purchase of shares of Hwa Haag Mamfar taring Ca Ltd on market weakness for medium and longer-term investment. "Despite its uninspiring track record, a closer look at the group's developments since it became a544 words
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Article520 1983-08-13 11 TOYOTA Motor Corp's parent company recurrent profit could top 400 billion yen (or year ended June 30, share analysts said. Results are due later this month. Analysts' earlier forecasts were around 380 billion yen, but during the year Just ended there was an unexpected rise in520 words
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ASIAN STOCKS
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Article395 1983-08-13 11 AUSTRALIAN share prices eased across the board in heavy trading yesterday but generally finished above their opening lows due to buying support from local bargain hunters and overseas investors. The All-Ordinaries Index fell 4.0 points in early trading, but at 1500 was down 1.5 points at 661.7,395 words
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Article411 1983-08-13 11 HONGKONG PRICES yesterday ended barely steady in fairly quiet business throughout, while the Hang Seng Index was 3.12 points lighter at 1,037.46. The market was featureless and dominated by technical movements. Stocks opened steady, helped by the stable Hongkong dollar, however, some late liquidations ahead of the411 words
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Article541 1983-08-13 11 SHARE prices yesterday closed slightly higher in very quiet trading, led by selective buying of blue chips and populars. The market average rose a provisional 12.11 to close at 8,920.72. International populars led the advance as many investors believed New York share prices will begin to541 words
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Article132 1983-08-13 11 SHARE prices yesterday closed mixed, on a turnover of 2.94 million pesos, up from 1.67 million on Thursday. The Commercial and Industrial Index was up 0.24 to 111.33. AUO 12 Peso* A CO)» Mining Anglo Phil A pel Mining 8 0.013 +0001 AUu Con B 32 -1 B*cuio oold132 words
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Article311 1983-08-13 11 Reuter BOYAL DatchSbell Grasp said earnings la the exp lan(ten aad pradaetton teeter, excladtng BbeU OU Cs aad Shell Canada, rate significantly la first half IKS. It said Improvements la Its ail aad gas sperattoas satride Narth America led to better secand qaarter aet Ineeme,Reuter - 311 words
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Page 11 Advertisements
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Advertisement375 1983-08-13 11 r^i <o 3) SCHOOL ill! A M:fth a ADMISSION TO THE MBA PROGRAMME 1984—5 Applications are invited for admission to the part-time and full-time course leading to the degree of Master of Business Administration. Candidates for the course (1) be university graduates; (2) have an acceptable score in the Graduate375 words
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Chief Price Changes
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Article165 1983-08-13 12 Rises Indices Hong Leong Ind 745 30 Aug 11 Aug 12 Lien Ho« 720 30 T Harbour 480 820 785 442 30 25 25 24 BT Composite: 890.34 894.82 Metro Hldg* M Cement Anal Steel BT Indicator: ST Industrials: *****05 930.83 *****45 934.43 M Banking M Breweries 880 20165 words
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Article, Illustration174 1983-08-13 12 Rises Indices Toshiba 520 100 Aug 11 Aug 12 H L Ind 840 65 A Hitam Pit 1080 60 MBT Indicator: *****66 *****15 Tongkah 545 49 NST Industrials: 1300.69 1306.08 Norsechem 795 35 NST Finance: 2370.48 2374.37 M Cables 360 32 NST Hotels: 654.55 654.79 Dutch Baby 560174 words
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Article810 1983-08-13 12 YESTERDAY, the last day of the trading account, saw equities drift lower on lack of interest in dull and quiet trade, dealers said. At 3pm, the Financial Times index was down 6.5 points at 719.4. Among leading industrials, Glaxo was 35p down at 885, BOC and Distillers fell810 words
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Article51 1983-08-13 12 H.K.HANG SENG Friday 1037.4« Thursday 1040.58 Week Ago 1028.25 AUSTRALIAN INDUSTRIALS Friday 808.7 Thursday 810.3 Week Ago 826 2 ALL ORDINARIES Friday 881.7 Thursday 883.3 Week Ago 880.9 FINANCIAL TIMES INDUSTRIALS Thursday 725.9 Wednesday 725.4 Week Ago 723.6 DOW JONES AVERAGE INDUSTRIALS Thursday 1174.39 Wednesday 1175.98 Week Ago51 words
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136 1983-08-13 12 TRADING in the shares of Oversea-Chinese Banking Corporation Ltd was suspended from ZJepm yesterday at the request of the company. OCBC asked the Stock Exchange of Singapore to suspend the quotation of its shares "pending an announcement". The counter closed at $II.M yesterday. Although136 words
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440 1983-08-13 12 CHAN OI CHEE - tHRIII Companies Editor: Mano Sabnani By CHAN OI CHEE INTERNATIONAL Trust Finance, in its second year as a listed company, has released a creditable set of results for the first six months of this year. Pre-tax earnings of the finance company showed a 13.8440 words
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Article543 1983-08-13 12 MR GHAFAR Baba, who is joining the board of Dunlop Holdings PLC, has served notice that he intends to make his voice heard in the ailing industrial empire. Dunlop is too centralised, he says. He envisages regional committees in Asia, Europe, North America and Latin543 words
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Article225 1983-08-13 12 DIRECTORS of Rethmain Industries Ltd have declared a final gross dividend of 10 per cent, making a total of 15 per cent for the year ended June 30, 1983. Subject to the approval of shareholders at the annual general meeting to be held on Oct 20, 1963, the225 words
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Article88 1983-08-13 12 FEDERAL FUmr Mills Bbd kM reported 1U per eeat Increase la pre-tax profits ta MJ1J.84 milllaa (Slt.W mllUaa pevtaaaly) far the six months ended Jaae M, IMS. Graap aperstlng reveaae waa ap 8.8 per eeat ta &S.41 milllaa (flMJIl milllaa) far the tame period. At the company level, pre-tax88 words
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Article160 1983-08-13 12 CI HOLDINGS Bhd has reported a sharp 76 per cent rise in is unaudited group pre-tax profits to MJS 81 million for the year ended June 30,1983. The figure slightly exceeded the company's forecast of at least $5.75 million in its prospectus last January.160 words
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Article541 1983-08-13 12 Current Ex BMb Dale Tetalfer TetaJ far Payment Date CI PayaMe the year Prevleaa Aleam 2Vt%l Sep 15 Sep 27 Oct 25 2W% 5% Alex HMga e%(b) Sep 12 Sep 19 Sep 28 6% fi% 7Vi%(b) Aug 11 Aug 18 Aug 31 7** 7Vi% Bata «%i Aug 12541 words
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584 1983-08-13 12 CHOCOLATE Products (Malaysia) Bhd is proposing to acquire two property-owningcompa-nies for a total of MJ16.68 million, via the issue of new shares. Force Ten Bhd, 99.9 per cent owned by Butterworth Products and Industry Sdn Bhd (BPI), is to be acquired for584 words
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Article97 1983-08-13 12 AP THE STOCK market showed some slight gains yesterday morning in response to favorable news oo Inflation The Dow Jones average of 30 industrials rose 3.35 points to 1,177.74 in the first half an hour. Gainers took a 4-to-3 lead over loaers. Before the market opened, theAP - 97 words
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Page 12 Advertisements
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Advertisement402 1983-08-13 12 IC TIMES CONFERENCES Presents TOIM.KX HI. (ONFHRKM"HON MEASURING AND MINIMISING CORPORATE FOREIGN EXCHANGE EXPOSURE RISK IN MALAYSIA 7 S SEPTEMBER, IUS3 hi \L\ LI MPI'R. MALAYSI CONFERENCE CHAIRMAN SPEAKERS SI BJECTS A .M. I>r Raja Lope bin Raja Shahrome, Senior («eneral Manager, International Hanking. I nited Malayan Hanking Corporation Berhad402 words
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Page 12 Miscellaneous
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Miscellaneous54 1983-08-13 12 eWEAT=HER= OUTLOOK for today: Partly cloudy. Report for 24 boars prior to 7 .SI pm on Aig 12 at the airport: Maximum temperature 30.9 Associated humidity 69 Minimum temperature 25.5 Associated humidity 92 Hours of sunshine 3.55 Rainfall in millimetres Trace Total rainfall for the month 53.3 Total rainy days54 words
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