The Business Times, 3 September 1983

Total Pages: 18
1 18 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, SEPTEMBER J, 1983 60 CENTS
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  • 355 1 FT THE Philippine government, suffering from a chronic shortage of foreign exchange, has ordered importers to defer up to 180 days their payment to foreign suppliers. The central bank has asked importers to use deferred letters of credit that will enable them to pay
    FT  -  355 words
  • 215 1 THE Bangkok Bank is raising US$5O million from the Asian dollar market through the issue of a fouryear floating rate certificate of deposit (FRCD) on Sep 15. This is one of the largest FRCD issues in the Asian dollar market. The FRCD, to be
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  • 502 1  -  By SOH TIANG KENG LEADERS of the Gold Exchange of Singapore have met officials of the Monetary Authority of Singapore to seek advice for eight GES members who are anxious about a report which recommended that they be wound up. The report filed by
    502 words
  • 488 1  -  By RICHARD SEAH REVENUE collected by the Customs and Excise Department rose by 8.8 per cent to $813 million last year, in spite of depressed world economic conditions. But the department does not expect to collect as much revenue this year if world economic
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  • 305 1 FT ICL of Britain, Compagnie des Machines Bull of France and Siemens of West Germany, three of the largest Europeanowned computer manufacturers, have agreed to set up a Joint institute to undertake research into advanced computer systems. The institute, to be sited in
    FT  -  305 words
  • BRIEFLY...
    • 48 1 Reuter ISRAEL'S ruling coalition parties yesterday agreed in principle to serve under Foreign Minister Yitzhak Shamir in a new government. An official spokesman in Jerusalem said that after a morning of negotiations, the right-wing and religious coalition factions signed a declaration to continue their partnership. Reuter
      Reuter  -  48 words
    • 75 1 UPI THE United States unemployment rate was 9.5 per cent in August, the same as a month earlier. The Labour Department in Washington said yesterday that the month also saw a record number of Americans holding jobs. Its Bureau of Labour Statistics said there was little change
      UPI  -  75 words
    • 77 1 Reuter UNITED States Senator Henry Jackson, a long-time critic of the Soviet Union and twice a candidate for the Democratic presidential nomination, died on Thursday night after suffering a massive heart attack at his home in Everett, near Seattle. Providence Hospital in Everett said Mr Jackson, 71,
      Reuter  -  77 words
    • 93 1 Reuter SIX out of 10 urban inhabitants in Asia will live in slums by the year 2000 unless rural migration is curbed and land reform implemented. A report by the UN Economic and Social Commission for Asia and the Pacific, published in Bangkok newspapers yesterday, said about 30
      Reuter  -  93 words
    • 55 1 UPI TAIWAN has announced that it will suspend Philippine Airline's flights to Taipei effectively this morning in retaliation to Manila's terminating China Airline's flights to Manila. The Ministry of Communications said this is a "temporary measure" which can be lifted whenever the Philippine government is ready to restore
      UPI  -  55 words
    • 84 1 Reuter JAPANESE Prime Minister Yasuhiro Nakasone said there is no need for his government to finance additional public works spending in the second half of the year ending March 31, 1984. He was answering a request at a conference of governors of Japan's 47 prefectures for further
      Reuter  -  84 words
    • 54 1 Reuter SAUDI Arabia's state-run oil firm Petromin notified Japanese liquefied petroleum gas (LPG) importers its official LPG prices for shipments to Japan have been cut to US$26O a tonnes FOB from $270, retroactive to Sep 1. This is the second consecutive LPG price cut following a $10
      Reuter  -  54 words
    • 27 1 Bernama SARAWAK loses 1.5 million tonnes of logs annually as a result of shifting cultivation, an international symposium in Kuala Lumpur was told. Bernama
      Bernama  -  27 words
  • 292 1 THE Malaysia* Registrar of CtmpialM is mw empowered to make spat checks on stock broklag companies to prevent maJ practices under the newly-enforced Seen Titles Industry Act, I*B3, Depnty Fins nee Minister Datak Ling LJong Sik said la koala Lam par
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  • 525 1 AS THE world reacted with outrage and anger over the downing of a South Korean jumbo jet by a Soviet fighter plane, the Soviet Union declined to give new information about the incident and did not even tell its citizens that an international
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  • Page 1 Advertisements
    • 251 1 BETTER S E Asia 3rd International Exhibition of Machinery Materials for Packaging 9-13 November 1983 WORLD TRADE CENTRE ASIAPACK '83 An Interfama organised show Tel: *****12 [EMM* A CONFERENCE in Istanbul has called for less deflationary policies, more aid and a greater sharing of debt burdens by creditor countries Page
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    • 71 1 FLY AEROFLOT TO EUROPE s Aero/lot the largest civil airline in the world with 60 veors offlying a< hie\ eme-nt*, m WW \\WlW\^ A AEROFLOT Your Guide Jo ft* USSR rt-r ,i S.n K ~p„r, (•(l iic M dlkt s„ec, W Wm BlllW ni Singapore 0104 Id if>~ I I
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    • 3 1 See page ...4
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    • 193 1 BUSIER BETTER S E Asia 3 r d International Exhibition of Printing Graphic Arts Equipment Supplies 9-13 November 1983 WORLD TRADE CENTRE ASIAPRINT '83 An Interfama organised show Tel *****12 ASIAPRINT Mare stories., page 5 Editorial... page 12 «r. Wishful thinking? No! Wayfoong thinking It's a daydream we all have.
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  • BANKING AND FINANCE
    • 292 2 Reuter FORTY financial and development experts have wound up a conference on international monetary problems in Istanbul with a call for less deflationary policies, increased aid and a greater sharing of debt burdens by creditor countries. In a statement at the end of the four-day
      Reuter  -  292 words
    • 298 2 Reuter LATIN America will need net foreign capital inflows of at least US$2O billion a year in the 1980s just to maintain minimum desirable growth, says the Organisation of American States (OAS). Even this may not be enough in view of interest payments on its foreign debt
      Reuter  -  298 words
    • 215 2 Reuter BRAZILIAN ceatral bank Governor Carlos Laageal has resigned aver a disagree meet with the meat** economic paliey, a central bnnk fsifcraniss said. The spekesmaa said Mr Laagaal disagreed with ether members d the government's ecsnsmlii team aver the terms sf BrasU's ■ew agreement with the IMF.
      Reuter  -  215 words
    • 193 2 Marine to buy CM M group MARINE Midland Rank NA has signed an agreement to acquire the CM A M group, Inc. a New York-based holding company with subsidiaries engaged in various securities industry activities. Its principal subsidiary, Carroll McEntee and McGinley Inc, is a primary dealer of US government
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    • 130 2 FT FOREIGN creditors of Celulosa Argentina on Thursday said they would appeal to Argentina's Supreme Court in an attempt to revoke an Argentinian court decision excluding them from a refinancing plan for the ailing private sector paper manufacturer. Celulosa has total debts of about
      FT  -  130 words
    • 229 2 Reuter JAPANESE net investment in foreign bonds and debentures, excluding short-term government bills, rose to a record US$l.36 billion in July from 1916 million in June, the finance ministry said. Purchases increased to a record $2.12 billion in July from $1.78 billion in June, attracted by high US
      Reuter  -  229 words
    • 129 2 Reuter URUGUAY has met economic targets agreed with the International Monetary Fund for the first-half of this year. Now it can receive US$l7O million in IMF and commercial banks financing, Economy and Finance Minister Walters Lusiardo Aznarez said. Uruguay's public sector deficit was $1.8 billion pesos
      Reuter  -  129 words
    • MONEY AND EXCHANGES
      • 22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.13 per cent.
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      • 141 2 ASIAN ASIAN currency deposit Interbank rates as at 5 pm on Sep 2: USDolUn Off*r Bid 7 days 8* S* 1 month 10 9% 2 months 103/16 101/16 3 months 10* 10* 6 months 10* 10H months 1015/*****V16 12 months lltt 11 DM. 8*M IIIUJI. i 1 month 3 months
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      • 45 2 RANGE of price* ofle «d by dlscount bouses on Sep 2: Overnight: 1 QUI deports: J 3 Ctoaiag B«TiU 3-month SelhM Treasury bills 2H m 3-month Bank bills 7M 7* 3 months CD 71/16 #15/16 0 months CD 7H V* Source: National Discount Co
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      • 49 2 RESULTS of tender held yesterday for 91-day Treasury bills to be isued from Sep 5 to Sep 9: OOered: (120,000,000 AgpM tar: <220,500,000. Aftattad: $120,000,000. bids: $99.34 approximately 95 per cent; timer bids in (uU. Average »ta ef taetut m altatamrt: 2 645 per cent per annum.
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      • 62 2 THE US dollar yesterday softened against other major currencies as trading increased slightly after the European opening. Banknote rate* yesterday: (HK per 1): US 7.587(0 UK I130 L1.40 Brunei 3.51/ 3.53 W Germany 17B/2J1S Malays 3.18 3.30 Philippine» 0.56/0.58 Singapore 3.53/3.54 (HK per 18): Burma 1.58/3J0 India (.30/8.40 (HK
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      • 58 2 Opening quote* yesterday: US1.495/45 CJUJ 1.800 45 Cnm 1.2329/32 DMk 4 0396 0435 D F1 4.5180 5225 S FY -3.2885 2730 B FY coa 81.12/25 F FY 12.1540 1695 Ut 2410.25 2413.35 Yen 388.80 388 35 DKr 14.5200 5340 NKr 11.2185 2305 S Kr 11 8515 8640 Am m
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      • 531 2 THE US dollar firmed against most currencies yesterday following news of Soviet involvement in the case of the missing South Korean Jetliner. Central Bank intervention. however, checked the advance and although the dollar finally closed on a steadier note, the margin of increase was fairly narrow. Against the
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      • 327 2 GOLD FUTURES in Singapore yesterday closed firmer in light trading on local and overseas short-covering. The metal's firmness was attributed to market concern over the shooting of a Korean commercial airliner by a Soviet fighter )et. Firm buying was also due to uncertainty over Brazil's debt rescheduling following the
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      • 36 2 New York L210B 12 07B 12.15S 12.12S Zurich 12.JOB 12.038 12-25S 12.B8S ■Singapore rn 12 JOB IWn 12 1SB 12.27S 12 23S Closing pric ta US dollars troy oudo k. Source: Credit Suisse, S'pore.
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      • 225 2 THE DOLLAR yesterday closed slightly lower at 247.05 yen under pressure from commercial selling and on pre-weekend position adjustment against the the 247.20/ 35 New Yoric close. After opening at the day's high of 247.50 yen in reaction to firmer US interest rates and the shooting down by Soviet
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  • Page 2 Advertisements
    • 574 2 •Jj NEW titles from FEDERAL PUBLICATIONS Specially published for the Festival of Books and Book Fair B3 World Trade Centre, 3rd-11 th September 1983 CHILDREN Federal Simplified Classics The well-known English classics are now retold in simple language in this Federal Simplified Classics Series. The stories include a good mix
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  • TRADE AND INDUSTRY
    • 374 3 QUALITY control circles here could degenerate into mere social gatherings when members run out of ideas to contribute. When that stage is reached, then the QCC movement would have entered its most critical period, warned Mr Hsuan Owyang, chairman of the Housing and
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    • 156 3 SIR HERMANN Bondi, chairman of the Natural Environment Research Council in Britain and one of the country's distinguished scientists, will visit Singapore on Sep 8-9. The NERC is responsible for planning and conducting Britain's environmental research programme. Sir Hermann's visit aims to publicise NERC's
      156 words
    • 759 3 SEMINARS AND COURSES Sep 2-4, 9-11: Executive Development, Apollo Sentosa, Consult Management Services Pte Ltd Sep 2-Oct 26 (Wednesdays and Fridays): Business Computing, Institute of Education, National University of Singapore's Department of Extramural Studies Sep 3: Cash Collection and Credit Control (Seminar II), Orchard Hotel, Consult Management Services
      759 words
    • 530 3  -  By RICHARD SEAH SEVENTY-THREE American pigs (lew in by air early this morning to become "guinea pigs" in a food experiment that may benefit farmers throughout Southeast Asia. Some of the American pigs will be trying out typical Singaporean pig food. At the same
      530 words
    • 366 3 REGULATIONS have been relaxed for HDB flat owners who inherit or have an interest in private properties. For those with an interest in a commercial property used for a family business, the lessee would be allowed to keep his flat as well as
      366 words
    • 372 3 THE US Department of Agriculture and the Western Growers Association (WGA) will hold the first US fruit and vegetable trade show on Sep 19-20. The WGA of California and of Arizona produce more than 80 per cent of all exported US
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    • 278 3 REPRESENTATIVES from the Canadian Oilfield Manufacturers' Association (COMA) will be in Singapore next week to explore opportunities for joint ventures and informal working relationships with local companies. The visit will begin with a two-day seminar, beginning on Monday, on Canadian oilfield technology. Organised
      278 words
    • 231 3 TAT LEE Bank has announced the following promotions: Mr 8U St Pa, from manager to senior manager, Mr Bah Chin Alk, Mr Ye* Heag Km and Mrs Chaag Wci-Hu, from submanagers to managers. Mr Sio will head the Singapore Branches Department and Mr Soh will head the
      231 words
    • 427 3  -  By LEE HAN SHIH THE Government has stopped using big motor vehicles for small tasks. This and other fuel-saving measures will cost the oil companies $1 million of business in petrol and diesel lyThe Public Works Department said yesterday that the annual cost of
      427 words
    • 503 3  -  By MONICA GWEE THE RIGHT words do not always come easily to Singapore executives. Many take refuge behind reports and speeches bulky with (acts, figures and complex charts produced on transparencies. "Singaporeans tend to get too many minor (acts in an
      503 words
  • Page 3 Advertisements
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  • OVERSEAS
    • 696 4 i£HE North Sea oil and gas (industry is about to embark a spate of developments which could involve a total investment of over £25 bullion. Offshore operators in the *7K and Norway plan the •exploitation of more than a "frozen significant oil
      696 words
    • 191 4 AP *THE market monitoring committee of the Organisation of Petroleum Exporting Countries will meet in Vienna on Sep 15 and not Sep 13 as originally scheduled. The Opec news agency fsid yesterday that the committee, including oil ministers from the United Arab Emirates, Venezuela, Algeria
      AP  -  191 words
    • 192 4 Reuter ISRAELI Foreign Minister Yltshak Shamir yesterday succeeded Prime Minister Menachem Begin as chairman of Israel's Bent (Freedom) Party and established himself as the leading candidate U head the next government. In a secret bail*! af the Bent Central Committee, Mr Shamir defeated his only rival,
      Reuter  -  192 words
    • 824 4 Reuter SOME of Asia's more successful developing economies could lose duty free entry for billions of dollars worth of exports each year because of votes in the US Congress, trade officials of some of the countries concerned said in Hongkong. Congress
      Reuter  -  824 words
    • 416 4 AFP THE Bank of China group has pledged its full support to local industry which it considers to be the "pillar" of Hongkong's economy. Jiang Wengui, vice-chairman and general manager of the Bank of China's Hongkong branch, yesterday urged Hongkong industrialists to keep up
      AFP  -  416 words
    • 713 4 ARRIVALS I 'A Service Local 1 Operator Number Time From StA SQU 0010 LAX/TYO PAA PA5 0015 JFK/SFO/HKG tT 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 1000 BWN
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    • 369 4 AFP WORLD merchant shipping, which last year was hit by the worst recession since the end of World War Two, is unlikely to experience a marked upturn before the end of 1984, the Organisation for Economic Cooperation and Development (OECD) reported in Paris. In its
      AFP  -  369 words
    • 304 4 AP A CANADIAN, a ScotsAmerican and a Briton have been named to head the UK state-owned shipbuilding, coal and steel industries with orders from the government to return them to profitability quickly. The Canadian is Graham Day, 50, who until recently
      AP  -  304 words
    • 304 4 Reuter A SECOND 2,Mt-fnaa US Mart* ansaalt faree sailed far Lebanese waters yesterday, ready to reinforce American troops la Beirut. TV Martaes are with a aaval ampMhtoas faree srdered to the eastern Mediterranean tram the Indian Oceaa by President Reagan an Thursday to easare the safety
      Reuter; UPI  -  304 words
    • 336 4 Reuter i A VISIT to China by six Japanese ministers oo Sunday is expected to boost close Sino-Japanese economic relations in spite of suspicion in Beijing over what it sees as growing Japanese militarism. The powerful Japanese delegation the ministers of foreign
      Reuter  -  336 words
    • 411 4 FT CAPITALISING on last year's exceptional Bordeaux wine harvest, a subsidiary of the former Banque Rothschild is launching a novel scheme to enable clients to invest in a wide variety of high quality clarets. It is the first time a French bank has offered such an investment
      FT  -  411 words
    • 231 4 Reuter UNITED STATES' construction spending rose 1.7 per cent in July from June to a seasonally adjusted annual rate of U*****.7 billion. The Commerce Department in Washington said yesterday that the July advance, the fourth straight rise, followed a revised 4 per cent rise in June
      Reuter  -  231 words
    • 499 5 WORLDMBRIEF Agencies A POWERFUL Royal Navy task force, headed by the aircraft carrier HMS Invincible, sailed on Thursday for the Far East in a demonstration of power which officials denied would emasculate Britain's North Atlantic defences. The 16,000-ton Invincible was escorted by a flotilla of three
      Agencies  -  499 words
    • 1012 5 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Oparator Gdna FCL Location SS Bridge As Plutus Liverpool B A1 Manakh Falstrla E Laurel P Vanburen Ratana Bhum Sea Glory Tambang VII Anson Bolan Mercator Chev V Belle Kal Maru Family Ace B Butang Sea
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    • 152 5 Reuter JAPAN's unadjusted unemployment fell to 1.44 million in July from 1.48 million in June but was up from 1.32 million a year earlier, the Prime Minister's office said. The July figure represented an unadjusted unemployment rate of 2.4 per cent, down from 2.5
      Reuter  -  152 words
    • 669 5 r SHOOTING DOWN OF KOREAN JUMBO JET J NYT THE OUTRAGE felt at the highest levels in Washington over the shooting down by the Soviet Union of a Korean Jumbo Jet en route from New York to Seoul has all but buried chances of
      NYT; UPI  -  669 words
    • 607 5 AP EN CAPITALS across the world yesterday, incensed governments summoned Soviet ambassadors and issued statements of outrage over the reported downing of a South Korean Jetliner, while at the United Nations, diplomats pondered a possible emergency Security Council ingCanadian airline pilots said they may call
      AP  -  607 words
    • 730 5 NYT ALTHOUGH nations have complete control of the airspace over their land and territorial waters, they may shoot down intruders during peacetime under only the most extraordinary circumstances, authorities on international law said in New York. Whether the Soviet Union violated international law and custom
      NYT  -  730 words
    • 58 5 Reuter IB t—an Isr Ike Ksnaa Mr Ltees <EAL) Jamba J* mi m peapie shear* «Met was ■■agefly M Aews ky i BnM fighter eh KAL JT saM thai kwapi far Iks aircraft aBiTVIM aOIM far Each af the B erew mtmm 9 to
      Reuter  -  58 words
    • 133 5 Reuter KOREAN Air Lines (KAL) aid yesterday that it would no longer use the route its )umbo |et was flying when it was stot down by a Soviet fighter on Ttesday. The Jet was carrytag 269 people when the mishap occurred. "We are closing
      Reuter  -  133 words
    • 117 5 Reuter THE US announced the first ate to the Soviet Union under a new grain agreement on Thursday as a eoograsstonal leader called for <jf the deal in pretest against Moscow's alleged footing down of a South Korean airliner with 389 people on board.
      Reuter  -  117 words
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  • Page 5 Advertisements
    • 197 5 0* 3..\ TIAMJM, I I Tianjin, a leading industrial oerrtrs« in China with Vh million people, ft manufacturing industries avertable tion. Details are available. Tianjin is also Keen to buy products i wish to expand existing industrial opei economic development They areata! and consider business proposals from wanting to do
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  • THE OFFICIAL OF BINTULU PORT
    • 3107 6  -  By G. DURAIRAJ IT ia indeed a tribute to thoae Involved in the conatruction of the Bintulu deep*i a er .P° rt th 4 at they were able to complete the project within the preacribed c 'fame and budget conatralnta without poat-conatruction engineering problems
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    • 636 7  -  By VONG NYAM MING ON top of a windswept hillock, a hand-picked group of top Petronas brass and Blntulu plant workers watched tn silent awe as the behomoth LNG tanker Tenaga Satu slipped its moorings and pulled majestically away from the pallisade-like
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    • 1127 7  -  By VONO NYAM MING BINTULITS port solely built to aerve the LNG tankers wouldn't be complete without Its approach channel because fhi« is the only entrance (or the massive vessels drawing an 11.5 metre draught The main contractors in the dredging contract, the long-established
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    • 1928 10  -  By VONG NYAM MING SOPHISTICATED problems need sophisticated solutions. And that's why Bintulu Port has been fitted with a top-grade vessel traffic monitoring system the first in Malaysia. Port Kelang. Malaysia's premier port, is also following suit and will soon be equipped with
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    • 1550 11  -  By CHARLES CHAN ASK anyone about Bintulu l<Tor 18 years ago, chances were you wouldn't get an immediate answer. A careful ••arch on the map of Sarawak #ouM perhaps reveal a small fishing village In the central region. That Idyllic village of 8,000
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    • 698 11  -  By G. DURAIRAJ PORT development In Malaysia has been financed mainly by the government and to some extend from foreign •Institutional sources. However, unlike other port a large portion of the funds needed for the construction of the premier deepwater port in Sarawak
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  • Page 6 Advertisements
    • 257 6 TO i; -Mm> m Jj^m. %mk i m f :n lif -fe-J ATA N wit opening of Bintulu Port. T.Y.T. Yang Di-Pertua Negri Sarawak Tun Dato' Patinggi Haji Abdul Rahman Ya'akub S.M.N., D.P., S.P.M.J.. S.P.M.K., S.S.D.K.. S.P.M.P., S.P.M.S., S.P.D.K., P.N.8.5., L.L.D. (HON) (UKM), D.Sc. (HON) (UPM). From The Chairman, Board
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  • Page 7 Advertisements
    • 218 7 1 I >* t r > P r1 A dd Cf-f -b ct *1 csl! I'tSifc a as r nil is; tii UK II V v fc. I ar r-j M ■ar ML a jjs a i are P =?«i Sp B '4 S fi a X >fe ?> <*-
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  • Page 8 Advertisements
    • 656 8 MALAYSIAN PORT AUTHORITY HANDROOK MALAYSIAN AUTHORITY HANDBOOK PRICE: M 570.00 MALAYSIAN PRACTICAL GUIDE TO :USTOMS DUTIES ORDEf IMPORT. EXPORT, SALES TAX SURTAX PRICE: M 555.00 CUSTOMS ALPHABETICAL PRICE M 540.00 F.M.M. 1983 Directory Federation of Meleysian Manufacturers MDC SDN. BHD. Sole Distributor of FMM 1963 Directory TRADE DIGEST TRADE OPPORTUNITY
      656 words
    • 86 8 CONCRETE PUMP Simple Operation and Low-cost Maintenance 'V fit" 7 E I Ifl V High Power Delivery Up to 120 m3/hr with 30 1 metres Boom Low Operation Speed (1600 R.P.M.) with High Volume Output Piston Auto Reverse Remote Control up to 100 metres Both Truck-Mounted and Stationary Models are
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  • Page 9 Advertisements
    • 523 9 ntula I mm HiMTIIIJT I ii m ST 5 f 1 P m w &Ll> A c* A* w-%, i»i) ELLICOTT CUTTER SUCTION DREDGER > lit m* !I£Sb ULSTEIN C.P P AND REDUCTION GEAR V Bin Mil Uu «*two t CATERPILLAR MARINE ENGINE SELMER DREDGER AND SEA EQUIPMENT •from »1
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  • Page 10 Advertisements
    • 204 10 Wt fA BINTULU PORT AUTHORITY on the occasion of the official opening of Port Bintulu by T.Y.T. YANG Dl PERTUA NEGERI SARAWAK TUN DATO' PATINGGI HAJI ABDUL RAHMAN YA'KUB S.M.N., d.p.,5.p.mj.,5.p.m.k.,5.5.d.k.,5.p.m.p.,5.p.m.5. S.P.D.K.,P.N.B.S..LL.D.(HONXUKM), D.Sc.(HON) (UPM). (6) From: 5 KONGSBERG KONSBERG(MaIaysia)SON.BHD Suit 5.18-5.21 (sth Floor), Imbi Plaza, Jalan Imbi, Kuala Lumpur, Tel:
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    • 67 10 HEARTIEST r* t*t faiiottS to BINTULU PORT AUTHORITY on the occasion of the official opening of Bintulu Port by T.Y.T. YANG DI-PERTUA NEGERI SARAWAK MAGNET INSURANCE BROKERS SDN. BHD. Suite 12F. 12th Floor, Angkasa Raya, P.O. Box 2569. Jalan Ampang, Kuala Lumpur Tel: *****9/*****7 Branch office: MAGNET INSURANCE BROKERS SDN.
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  • Page 11 Advertisements

  • 509 12 MY GOD, what have we done? These words, filled with shock and horror, came from Robert Lewis, a United States Air Force captain, after his plane destroyed Hiroshima with a nuclear bomb in 1945. That act of killing, though carried out during a world war to
    509 words
  • 1490 12  -  By SANDRA BLAKESLEE NYT A TEAM of California psychologists has developed a sense-of- humour test that they believe may eventually shed light on the fundamental nature of human personality. The device, which they say bears some similarity to an intelligence test, is intended to
    NYT  -  1,490 words
  • 603 12  -  By ERIC HALL Reuter CHINA'S leaders are passing laws and making statements to instil confidence in the international business community but leading foreign businessmen in Beijing, while optimistic, note privately that there are contradictions between central policy and actual conditions. Publicly, the businessmen commend
    Reuter  -  603 words
  • Page 12 Advertisements
    • 116 12 How to deal with everyday ailments. The next best thing to having a doctor in your family. T -r Exercise Relaxation i •A The collected advice of a group of highly qualified and experienced doctors, presented clearly and concisely. How to give emergency first aid How to correctly identify symptoms
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  • Page 12 Miscellaneous
    • 853 12 SINGAPORE 5 12.50 PM Operant folowed by Sesame Street The letters J, K and the number 12 are introduced. 1.50 Doctor Snuggles Children's Programme 2.15 Saturday Matinee Nothing Sacred (b/w): This 1937 film centres round a girl, thought to be dying from a rare disease. The stars are Carole Lombard.
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  • 790 13 NYT NIMSLO International Ltd, a company that attracted millions of dollars in venture capital in Britain last year by selling itself as the next Polaroid, is going through turbulent times Demand for its unusual camera system, which produces the illusion of a three-dimensional image
    NYT  -  790 words
  • 307 13 SYMBOLIC debugger does sound, at first, like an unusual name for a new computer software that allows a programmer to test and verify the operation of application programs. But the term, used by Perkin-Elmer, might be accurate after all. It probably subscribes to one theory
    307 words
  • 1084 13  -  The fierce competition in the European video market is about to hot up further with the introduction of new products and the losers could be Europe's product developers. As one Philips executive had said: 'If we lose the VCR battle against the Japanese, the
    FT  -  1,084 words
  • 833 13  -  By STEPHEN DALY NYT WHEN social pressures first prompted companies in the United States to include women on their boards of directors, they turned to philanthropists, civic leaders, academics or the relatives of management. But research shows that there is a new generation of
    NYT  -  833 words
  • Page 13 Advertisements
    • 164 13 You know our books. Here% your chance to find out whatft behind the covers. <• 7 s n E 3 I I I r I I xi i 3 ilt -f ?|l 5" Hi! s 1 G > j K s i|i f i ii U >K fi #> T
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  • Page 13 Miscellaneous
    • 799 13 -11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 9 A brbnze I'm yet to cast; it doesn't matter when (2, 3. 4) 10 By the usual means, melting the cheese (8) 12 It's most important to be roguish (4) 13 Lost and straying, returned by the inn worker (6) 14 Sad to say,
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  • Page 14 Advertisements
    • 328 14 Where to wine, dine and entertain AMERICAN! ■EXPRESS with the American Express Card "if you don't already have the Card, call *****33 for an application form' "Let's haveX Jmya Toa \jC this Sunday" "Daddy, what's Nonya food?" "Nonya food is a creative cuisine developed by the early Straits settlers. It
      328 words
    • 169 14 f= rr titU*4n WJTfflfol f.IM i For sushi. For teppanyaki. For other authentically Japanese delights. i, >•().. I (>r ftst n u:< >ns (\i!l >/ 1 U>/ J Wfe I irkSi u 'i\' ill mi• Si i i| •< >i < 'M The Bali Hut Coffee House is upgraded and
      169 words
    • 250 14 '4 ■A 11 u 3 M v >"••//; v •l» A G Discotheque S I We re blasting off tonight and every night at Para Wave Discotheque Take off to the stars... groove to the pulsating rhythms spun bv the dynamic music makers. Solosa Sound Services Bualnaaa Hour* ft First
      250 words
    • 178 14 rill your lunch hour with endless variety. Choose from the Inn of Happiness one price menu An endless selection of specialities for only $24.00 per person Enjoy a delectable selection 6( favourite Cantonese dishes from our oneprice menu for $24 per person (inclusive of taxes) lr m vSm 1 Advance
      178 words
    • 228 14 (Resort lo our Qsbuperb (zPuisines <Tt)C fHctuUion (Prill id* ss k I I .1 I V I II) I M l I ll I lIU I l.imiius I'i im« K il) In i t in n>»\n -< i\««l <111 .1 SI|V, I W.iyon. I 11mm! li> ilk* livt i iiin
      228 words

  • RAW MATERIALS
    • 772 15 OILSEEDS: Dutch soybean oil started about 10 guilders per 100 kilos under Thursday's traded levels due to limit declines in Chicago futures but the market recovered around three guilders by midday on short- covering and renewed selling reserve. Nov/ Jan deliveries traded from 202 Up to 206.50 guilders
      772 words
    • 158 15 CHINESE Pradaee Exchange, Singapore, ansa claslng prices per lMkg yesterday. Caesaat all: Bulk fob $182.00 sellers, old drum (in second hand drum) fob $195.00 sellers, new drum fob $199.00 sellers. Cepra: Mixed (loose) $110 buyers. Pepper: Muntok white pepper fob Asta NLW $347.50 sellers, Sarawak white pepper faq
      158 words
    • 196 15 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettaa yarn: China Blue Phoenix 20b 2,700 32s 3,600, 40s 3,790 (per bale of 400 lbs). Piece gee*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      196 words
    • 322 15 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second class 0.77, 100 per cent third class 0.75, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-super 0.60, Special 0.53.
      322 words
    • 356 15 Bernama BROKERS trading in rubber futures on the Kuala Lumpur Commodity Exchange (KLCE) are unhappy with the contract size of 25 tonnes to a lot which they feel is too big a contract to invest in. Some of them felt that the contract
      Bernama  -  356 words
    • 303 15 THE RUBBER market in Singapore yesterday closed lower with September One RSS buyers quoted at 237.50 cents per kilo, down one cent from Thursday. The morning session was marked down half a cent after an unchanged opening on lack of buying interest. Afternoon prices lost further ground on some
      303 words
    • 319 15 RAS price* In cent* per kilo yesterday: Noon (per kilo) Buyers Seller* Int. 1 R.S.S prompt f o b. 235 00 236.00N lat. 1 R.S.S Septeuibet 238 00 238 SO Int. 1 R.S.S October 242 00 Hit 230 50 232.50N F* 229 50 mMN H" i« S S
      319 words
    • 119 15 NOON SSI taadSMRpricw Mill J», ■AS Septal ■fear Ortak (1-ton pallai 11 1 Mth) UU«r> (Forward Mth) Barara Aallara SSR W 1) 208.50 JOB SON 208 SO 210.S0N 208.SON SSR 50 (l ion pallai It 204 bO 208 JON 108 50 MKKLB Septal ■bar Octob ar SMRCV
      119 words
    • 306 15 THE opening of the Kuala Lumpur Commodity Exchange rubber futures market on Sep 1 was the only feature in an otherwise quiet week. Levels and incentive remained stagnant, H*ttd»y, Catler, Batli A Cs said in its review of the
      306 words
    • 31 15 Rubber: Sept 2 Singapore: September: 237.50 cents (down 1.00 cent) Malaysia: September 264.50 cents (down 2.00 cents) Tin: M$30.31 per kilo (up 15.00 cents) 174 tonnes (down 335 tonnes)
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    • 81 15 THE Straits tin price in Penang yesterday re c o v e red 15 cents to MSS9JI per kilo, within the ITA lower range of Ms2t.l 5 and MIS2.H. Dealers attributed the recovery to the buffer stock manager's support on a reduced offerings of metal, with sentiment aided
      81 words
    • 132 15 THE Malaysian crude palm oil market yesterday closed quietly easier on profit-taking, in line with the lower Chicago soybean complex close. September deliveries in the southern region lost MJ47 50 to M 51,175 a tonne while in central and north they eased M|4o to M 51.170. October deliveries
      132 words
    • 181 15 SOYBEAN futures in Chicago on Thursday closed down the 30 US-cent a bushel limit. November traded firmer shortly after the start and had a 37V4 -cent range. Pools of unfilled sell orders were estimated at five million bushels on the close. Traders cited heavy selling by the Large Professional
      181 words
    • 162 15 WHEAT futures in Chicago on Thursday closed 4'/4 to 6 Vi US-cents a bushel lower in extremely active dealings. Selling by the Large Professional House, estimated at 10 million bushels of December, pressured prices, traders said. Exporter pricing, believed to be for upcoming or Indian purchases, lent strong underlying
      162 words
  • INTERNATIONAL STOCKS
    • 194 15 S*PT 01 m CORBKILLK Alr-Uquide «U0 +<U B 8 N Ormii Ducat 1(00 unch C 8 P (TlwwiCrf) 175J0 -13 Ct* rnoctlH dm PctrolM 1« -16.7 Credit Foneter D> Prmoea «75 -30 Haebatt* (UMrii) 1080 -90 Mifhlnw MtctMUn (B) 7W -J Omnium HO unch 3 at JOB -5 (M*
      194 words
    • 86 15 SEPT 01 FT* forward market Armr (30 _u ArtMd 1330 Ajtur MS unch n—n CftflMC lilO 3090 Coc* If! 80 D» Bam 514 -11 Kbaa MOO •15 Daetrotxl 6340 -10 Ob-lnno-Bm 9080 MOO -10 Oe» -w Or Bru Lamb 231< Hobok 4MC -to -46 Patro aon Rjl Dutch 2MC
      86 words
    • 82 15 KPT 01 Lire n.*~i XM Bel MOBS -ao Omnia Ord aau Cood Acqu* Roma tars S.T5 fKtuta 9101 -tt rw ord 3210 1# omwalt 143*19 *15 ntn -30 tn pm am 52 In*Mt rat -fa IUlcamanU Old —12? -no IUJgM Lanui Ord raoo SCO i Monudlaoc 228-30 C5 OUvrtU
      82 words
    • 159 15 Action Suiaaaa Rr art •ia -M 10 36 AluauUac Rm Brown Borerl Br. 774 IBB CllM CMcj Br. Cite Ou*j P C Cite (Mo Rm. Cram Suime Br CraUt Butaw H«( 102! no 2190 404 no 10 18 ♦j 10 10 OtotMH Pr un 10 Hm Br. Hoffman La
      159 words
    • 191 15 a KPT 01 CI Alcoa 14 H unch -H Alcorn* a* .14 Bank Moot Bank Nov* Scotia a* 41* •f* 1 Bail Tel WH ■f H BP Can 14d a Camp Rad Lake Can Imp Bk JW z= a* H H Can Prm Mi Canpae +H CarllM OKctlt B
      191 words
    • 254 15 SEPT 01 Rand ♦A INDUSTRIALS A Alpha Abercom AX And CI isr* no B5 too 415 3000 41 uncb •100 Barlows 1300 B C O Smith CMA HI 470B Cum* Finance Ds Been Ind 430 -4 Bdcon I Pa2~Volk ZZ 415 -15 Fu«n 4006 -10 Oratcmn Hlasid Ub Holds
      254 words
    • 174 15 SEPT 01 PU ABM Aftoid nun 105.30 4-0 4 Akao TASK +<tt AMSV utw 0J Amtaa mat unch Amrofcnk «m» ♦M mo *4.4 Boll 96 JO Boreucer MJO •f 0.41 Boaki Burtct 47,00 oj 47 JO Oktand 3600 C«J* moo unch D*U Iflj 1X30 ♦n ElMTtcr Cnnw moo 120
      174 words
    • 995 15 NEW YORK BLUE CHIP stock prices closed lower on Thursday amid profit-taking and confusion about the alleged downing of a South Korean airliner by a Soviet fighter. On the broader market, however, advancing issues held a slight edge over declines. The Dow Jones Industrial Average, which climbed
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  • Page 15 Advertisements
    • 0 15 `\>!</`((`[{$)-_[{>@~-?(<!_>|%<
      0 words
    • 82 15 KK Seet pulverizes the stereotypic notion of dry-as-dust corporate history and chronicles a human, occasionally humorous, story of the Singapore National Library against the sweep of Singapore history incorporating a wealth of portraits, figures comic or sublime, but always engaging. This is a definitive account of the birth and development
      82 words

  • 2118 16 BID aad offer prices officially Hated aad buaiaeas la aad reported to the Stock Eirhange of Singapore yesterday with the number of shares traded teoam la brackets In lots of 1.800 uaits unless othenHae sped fled. All Times Sattlemeat Contracts are quoted
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  • 1958 16 BID aad after price* officially listed •ad hidiwi ta and reported to fee Kuala Lumpur Stock Brtup ymterdajr, with the Dumber at rtaira traded shown in brackets ta lots of 1,000 units unless otherwise *wci Bed INDttSTBIALS AJeaa (2.8T8 2.885) (9) 2 90 (5) 2.88 cd A
    1,958 words
  • 183 16 Maaagen' price* far 8ep Uf SINGAPORE UNIT WOT The Commerce 3.70 The Savings Fund 1.97 101 S pore Prog Fund 1.50 I B S pore Sec. Fund 2.37 2.41xd S pore Invest Fund 1.14 1.21 S pore Equity Fund 1.53 1.02 diamond mot stou Diamond AU Spore Fd(USI)
    183 words
  • 3480 16 IMS High Low CoMfway Last Sale +«r Or'* DW Or** Net DW TTd P/E Crr Vol Day (*000) Hlgk Low SECTION ONE INDUSTRIAL ft COMMERCIAL W 235 Aetna 264 146 Alcoin 667 146 Allied Cboc 366 IM* B A T a» 410 356 Bata 160 62* Ben
    3,480 words
  • 935 16 A LATE feeble attempt M 4 pub op slure prices proved '■tile m profit-takers and «kort-seller* were in cammud at the Singapore stack market yesterday. Bat losses were mostly slight as trading dwindled ta jast 12.44 mlllloa shares. la spite s( the mare thaa three ts aac
    935 words
  • 495 16 TRADING conditions remained subdued on the Kuala Lumpur stock market yesterday and share prices finished slightly easier on lack of buying support. After opening generally lower in line with poor leads from Wall Street, share prices started to drift listlessly throughout the day. A brief
    495 words

  • COMPANY NEWS
    • 689 17  -  Australian millionaire Mr Holmes a Court stunned the business world recently with his surprise As 4 billion bid for Broken Hill Proprietary (BHP), Australia's biggest public listed company. The bid was quickly likened to David taking on Goliath. Everybody is
      689 words
    • COMPANY BRIEFS
      • 58 17 wants to know the purchaser of the industrial property in Petaling Jaya belonging to United Malaysian Steel Mills Bhd, the subsidiary of Federal Cables, Wires 4k Metal Maaafaetariag Bhd. The exchange also wants to find out whether any of the directors or substantial shareholders have
        58 words
      • 179 17 on its proposed sale of 1.34 million shares in Cater Semiconductor Sdn Bhd at $1.70 per share. The exchange the following details: the name of the third party granted an option to purchase the shares; reason(s) ft»- the disposal; whether
        179 words
      • 27 17 announced that for the restricted public issue of Mulpha International Trading Corporation Bhd shares, the entitlement date has been extended to Sep 26, 1963.
        27 words
    • 1146 17  -  THE HOVTH THAT VIS By NAJEEB JARHOM AS ALWAYS, August was an enigmatic month for Singapore stock market investors, dabblers and analysts. At the beginning, there were serious doubts as to whether there was going to be an end to the long correction period that
      1,146 words
    • 192 17 THE 1983 net profit of Cheung Kong (Holdings) Ltd will not be less than HKJ4OO million, and the total dividend payment will be 45 cents a share, chairman Li Ka-Shing said in a statement. He made the forecast after the company reported a 70
      192 words
    • ASIAN STOCKS
      • 260 17 HONGKONG STOCKS yesterday closed lower but off the day's lows. The Hang Seng Index closed off 4.70 points at 960.54 after failing 8.75 yesterday morning. Brokers attributed the fall to a lack of buying interest and the weakening Hongkong dollar, which fell to 7.6100/50 to the US
        260 words
      • 281 17 SHARE prices yesterday closed sharply lower as blue chips and populars lost ground. The market average lost a provisional 45.24 points to close at 9,183.11. The Tokyo Stock Exchange Index closed at 676.31, down 4.41. Trading volume was a fairly light 340 million shares. The second market
        281 words
      • 87 17 SHARE prices yesterday closed mixed on a turnover of 4.61 million pesos, up from 2.61 million on Thursday. MPT Pmo* Aeon Minnie amIo Phil Aon Mining Ull +0J01 aCcTi a SSpStaa? ZH 100 CDCP *1# unci) rust Phil BUp (JO uneh Lmumo 0.13 uneh *1lVr fir" B 1 uneh
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      • 157 17 SHARE prices yesterday closed mixed with losses and gains about equal in quiet trading. The Book Club Index rose 0.22 points to 130.04 on a turnover of 49.6 million baht with over 290,000 shares traded. Bangkok Bank and Siam Cement advanced two baht each to 272 and 395 respectively.
        157 words
      • 356 17 THE AUSTRALIAN share markets closed at its highest level since July 1961, with rises led by oil and gas issues following reports on Thursday of a potentially large new oil discovery off the northwestern Australia coast. At 1500 the All-Ordi-naries Index was up 7.9 points at 714.6. The previous
        356 words
    • 75 17 Reuter THE number of investment analysts currently employed by British stockbrokers could not be supported if there were a decline in commission income earned by brokers. Continental Illinois International Investment Corp senior vice-president Geoffrey Osmint said the UK stock exchange's decision to move to
      Reuter  -  75 words
    • 678 17 IN THE high-stakes business of personal computers, the stock of Apple Computer Inc, has provided considerable excitement for its followers. From a low of 10V« last summer, shares soared to a record price of 63 V* this June, then plunged to 30 on Monday
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    • 240 17 HOTEL Grand Central: Fifteenth AGM to be held at The Conference Room, Hotel Grand Central Building, 22 Cavenagh Road, Singapore 0922 on Sep 5 at 11.30 am. BEBJAYA Kawat Berkad: Fourteenth annual general meeting to be held at Jalan Utas, Shah Alam Industrial Estate, Selangor, on Sep 6
      240 words

  • Chief Price Changes
    • 169 18 Rises Indices N 8 T Juki I»t 1450 870 +T0 >30 Sep 1 Sep 2 M Credit P M HJdgi j A k.. nui 986 34 BT Composite: 931.57 925.78 i 525 aso 1000 no 30 15 10 10 BT Indicator: *****21 *****90 rfOBto nia O C B C
      169 words
    • Article, Illustration
      168 18 Kluang Rises Indices 1500 200 Sep 1 Sep 2 A Hitam Pint 1630 130 Jacks Int 740 40 MBT Indicator: *****14 *****87 D Phoenix 300 30 NST Industrials: 1392.94 1386.69 M Credit 422 22 NST Finance: 2572.33 2566.77 Johan 930 20 NST Hotels: 661.74 661.49 PMC 960 20
      168 words
  • 258 18 M ALA YSIAN-based conglomerate Stale Darby aid Its subsidiaries are releasing their preliminary results far the year ended Jane 91,1883, an Monday. The snbsidinries aunaancIng their year-end remits nt the same time are TrmcUrs Malaysia Holdings, C+omUda fed PlmmUthma, Bemtm Pimatatttma and Tmlplmg CmmtMntPd
    258 words
  • 722 18 5 unch 323 -5 YESTERDAY'S prices were not available at press-time. The following are Thanday's closing middle prices of selected stocks, excluding stamp duty: Bid 77.3p; Offer 80.7p xd Arkitkitt Dollar laconic Trut: Bid 101.5p; Offer 106.1p Yea Bwd Pud: Bid 1.93; Offer 2.01 xd RUBBER PHYSICALS LONDON,
    5 unch 323 -5  -  722 words
  • 53 18 H.K.HANG SENG Friday 050.54 Thursday 055 24 Week Ago 081.80 AUSTRALIAN INDUSTRIALS Friday 858 8 Thursday 851 0 Week Ago 843.7 ALL ORDINARIES Friday 804.7 Thursday 708.8 Week Ago 806.7 FINANCIAL TIMES INDUSTRIALS Thursday 708.8 Wednesday 707.4 Week Ago 717.4 DOW JONES AVERAGE INDUSTRIALS Thursday 1208.81 Wednesday 1218.18
    53 words
  • 82 18 AP THE STOCK market was slightly higher yestrday morning after an opening delayed by 15 minutes because of what was described as a "smoke emergency." The 10.30 am Dow Jones average of 30 industrials was up 1.12 points at 1.20T.93. Analysts said some traders were encouraged by
    AP  -  82 words
  • 560 18  -  MB Companies Editor: Mano Satan By CHAN OI CHEE SHELL Refining Co (POM) Bhd has managed to achieve higher interim earnings in spite of a reduction in product postings and increased expenses. The company chalked up a 10.2 per cent increase
    560 words
  • 175 18 BONVESTS Holdings Ltd has said that the proposed acquisition of Colex (Singapore) Pte Ltd will lead to an increase in its earnings per share from 6.7 cents to 8 cents assuming that Colex is acquired for the full year in 1963. However, the
    175 words
  • 193 18 Reuter SINGER Co, the US company that makes sewing machines, is holding discussions for the sale of large Interests In its operations in Thailand, Malaysia, Indonesia and the Philippines. A Singer spokesman in Stamford, Connecticut, said the company is not discussing
    Reuter  -  193 words
  • 103 18 THE TemerM Rubber Estate* Bbd ku reported a pre-tax preflt M $2.88 mliUm (O.M mlltlM) far the yew eaded April M, IKS. Praflt •MrlkateMe to members wu $1.29 militen ($1.11 milltoa). Directors •re recommending a dividend d 8V« per cent, less tax. JACKS tatanutftoMMl Ltd has a pre-tax
    103 words
  • 341 18 BANDAR Raya Developments Bhd has managed to record only a 7.7 per cent increase in its group pre-tax profit to M 56.58 million in the first half although turnover soared by 107.7 per cent to $28.36 million. After tax, group profit for
    341 words
  • 420 18 THE Yeo Hiap Seng group of companies, which makes canned food and beverages, plans to extend its operations to the Philippines. It has entered into a memorandum of intent with C A H Manufacturing Corporation of Manila to make sauces and canned food.
    420 words
  • Page 18 Advertisements
    • 389 18 IC TIMES CONFERENCES l'r»Nrnls Toi' |.i;\ I;I. <O\!'I;ki;\( I; <i\ COST-KFFECTIVK MANAOFMFNT OF CONSTRUCTION PROJECTS \C» IK TOIiER. K! \l.\ 1.1 MP! R. M W.USI CONFERENC E CHAIRMAN FCONOMIC JI STIFH ATION OF RFAL FSTATF OR INOI SI Kl I>f FLOPMFNT Mr KuK«'n«* M Kaikntl Itimtw Huikiill \ss«»< ial«-s SFLKCTION
      389 words
  • Page 18 Miscellaneous
    • 8 18 A -J 4k I a e a AD
      8 words
    • 61 18 WESTHER] OUTLOOK for today: Cloudy; showers in several areas in the late morning and afternoon. Report for U hears prter to 7J$ pm m Sept *t the airport: Maximum temperature 30.9 Associated humidity 77 Minimum temperature 23.9 Associated humidity 95 Hours of sunshine 3.00 Rainfall in millimetres 3.8 Total rainfall
      61 words