The Business Times, 10 September 1983
1983-09-10
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The Business Times
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Title Section11 1983-09-10 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, SEPTEMBER li, 1983 60 CENTS11 words
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297 1983-09-10 1 THE SINGAPORE spot oil market has perked up after suffering a lean, depressive stretch. And all indications are that the firmer prices, backed by tight supply-de-mand projections, will be sustained for the next two months. Traders attribute this to two main factors:297 words
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1026 1983-09-10 1 NAJEEB JARHOM - By NAJEEB JARHOM MINORITY shareholders of Straits Steamship Co Ltd, who have been in a quandary for weeks over Keppel Shipyard's cash offer of 51.98 a share, have been advised by their independent adviser to accept the offer. The arguments put forward1,026 words
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304 1983-09-10 1 THE assets and liabilities of banks and finance companies in Singapore once more recorded double-digit increases in July compared with the corresponding month last year. According to the latest figures, released yesterday by the Department of Statistics, total bank assets and liabilities were304 words
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161 1983-09-10 1 UPI TYPHOON Ellen, with swirling gusts ef op to 141 knots, slammed into Hongkong yesterday, bringing death and injury, driving ships aground and causing floods and landslides. Six people were killed and three others reported missing when a fishing junk capsized. At least 245UPI - 161 words
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463 1983-09-10 1 RICHARD SEAH - By RICHARD SEAH IKEA has slashed the prices of its Scandinavian furniture as competition in Singapore's $300 million a year home furniture market intensifies. For the moment, Ikea one of the largest furniture retailers here will be fighting mainly local furniture makers. But it463 words
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BRIEFLY...
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Article81 1983-09-10 1 UPI A JAPANESE fishing boat has recovered the body of a child, possibly from the downed Korean jetliner, off eastern Hokkaido, police reported yesterday. The child's body was pierced by glass and metal fragments, which led police to speculate the child was a victim of the Soviet attackUPI - 81 words
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Article77 1983-09-10 1 Bernama THE Pasir Gudang port 32 km from Johore Baru will be turned into a free trade zone when its three new wharves are completed, the Malaysian Deputy Minister of Transport, Datuk Haji Abu Hassan, said. Construction of the wharves, under phase two of its extension programmeBernama - 77 words
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Article64 1983-09-10 1 AP WHOLESALE prices in the US rose 0.4 per cent in August as food prices climbed for the first time in four months, the US Labour Department said. Food-price increases, largely the result of the summer's devastating drought and heat wave, were posted for vegetables, poultry, eggsAP - 64 words
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Article76 1983-09-10 1 Reuter A NATIONWIDE call to boycott the Philippines' major newspapers gained momentum yesterday, following an agreement among anti-govern-ment politicians to implement the political wishes of slain opposition leader Benigno Aquino. Opposition sources said a core of Mr Aquino's supporters had decided to endorse a movement to boycott theReuter - 76 words
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Article71 1983-09-10 1 Reuter UNITED Arab Emirates Oil Minister Mana Said Al-Oteiba said he sees no reason for a rise in Opec production ceilings for the fourth quarter. Asked whether the Opec market monitoring committee would decide a change in the ceiling at its Sep 15 meeting in Vienna,Reuter - 71 words
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Article49 1983-09-10 1 Reuter CHINA will give preferential treatment to countries willing to transfer advanced technology and will pay a higher price to get it. State councillor Zhang Jingfu said in Beijing yesterday that from now on, China will relate import of equipment to the introduction of advanced technological know-how.Reuter - 49 words
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Article94 1983-09-10 1 Reuter EUROPEAN Economic Community steelmakers told industry commissioner Etienne Davignon in Brussels yesterday that they see little sign of any upturn in depressed demand over the next six months. The commission would consider the views of the umbrella group Eurofer as well as those of steelReuter - 94 words
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229 1983-09-10 1 Bernama THE Malaysian business sector is more optimistic about the prospects for the second half of this year compared with the first half of 1963, according to a business expectations survey. The survey conducted by the Statistics Department covered 220 companies involved in manufacturing, financialBernama - 229 words
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536 1983-09-10 1 LEE HAN SHIH - By LEE HAN SHIH ONE of Singapore's largest colour separation houses has broken into the lucrative New York market. Colourscan, which gained a foothold there through a subsidiary it set up in New York three months ago, said getting New York business is "a536 words
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Page 1 Advertisements
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Advertisement246 1983-09-10 1 BUSIER 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 THE Federal Reserve Board must do everything possible to keep growth in money supply within the bounds it has set, says Donald Regan246 words
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Advertisement64 1983-09-10 1 Join the big swing to Pinnacle «r m f! v *"V <v. ru. < ■>: **1 V i IT 1 >>• and durability. ""*«w And every -fcf Pinnacle ball carries a no-cut v guarantee/NiijjjPP Come, join the big swing to Pinnacle on every course where excellence reigns. Z1 RAM" WEST64 words
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Advertisement5 1983-09-10 1 Marcos raps world press...page 55 words
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Advertisement158 1983-09-10 1 /@!&`-/<)(,{~}}.^"|\_%}'%.}&$>` International Banking Problems? Wfe have the solution. 4FV j 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 which mean we can offer a highly efficient, timesaving service for the remittance158 words
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BANKING AND FINANCE
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452 1983-09-10 2 Reuter THE REAGAN Administration believes the Federal Reserve Board must do everything possible to keep growth in the basic money supply, M-l, within the bounds it has set, US Treasury Secretary Donald Regan said. "In July, the Fed announced a new targetReuter - 452 words
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Article671 1983-09-10 2 Reuter WELLS Fargo Bank NA, acting as agent for 10 other banks, said it signed a US$5O million long-term loan for Societa Finanziaria Meccanica-Finmeccanica SPA, an Italian state industrial group based in Rome. The funds will be used by the Finmeecanica group to finance capital expenditures. FinmeccanicaReuter - 671 words
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Article123 1983-09-10 2 Reuter GOVERNMENTintervention in exchange rate markets may be appropriate at times to control short-run volatility in rates. Two economists tor the Federal Reserve Bank of New York said yesterday that exchange rates can take on a life of their own and react independently of variablesReuter - 123 words
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409 1983-09-10 2 Reuter WEST German banking and industry associations said they do not see the half point increase in the Bundesbank's Lombard rate to s'/j per cent as signalling a turnabout in monetary policy or the beginning of a round of furtherReuter - 409 words
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654 1983-09-10 2 Reuter THE US Congress seems unlikely to settle the controversy over a special US contribution to the International Monetary Fund before its annual meeting starts on Sep 27 in Washington. Congress returns next week from an August recess but "there willReuter - 654 words
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349 1983-09-10 2 Reuter FRENCH Finance Minister Jacques Delors said the West is failing to tackle the issues of global indebtedness and dollar-dependence threatening economic recovery, and called on the European Economic Community to take a lead. In a signed article published by LeReuter - 349 words
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233 1983-09-10 2 Reuter ROYAL Bank of Canada said third-quarter earnings from its domestic operations soared to C 5102.9 million (from $45.8 million in the year-ago period). The increase pushed total profits for the period up to $121.2 million ($Bl million), in spite of a $16.9 millionReuter - 233 words
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MONEY AND EXCHANGES
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Article448 1983-09-10 2 THE downward revision of US money supply figures dampened trading of the US dollar yesterday. Although some transactions were probably prompted by other factors, the money supply situation seemed to figure quite prominently. Against the Singapore dollar, the US unit was traded downwards from its opening high of448 words
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Article217 1983-09-10 2 THE DOLLAR yesterday closed little changed at 245.20 yen against 245.00/10 at the New York close in dull pre-weekend trading ahead of the US money supply announcement later yesterday. The dollar fluctuated narrowly between an initial low of 244.85 and a late afternoon high of 245.25 yen. with the217 words
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Article184 1983-09-10 2 ASIAN ASIAN currency deposit Interbank rates as at 5 pm on Sep 9: U8 Dollar* OfT.r Bid 7 days 911/10 00/16 1 month 9i 0*« 2 months 10 0^t 3 months 10* 10 6 months 10 7/16 10 S/16 0 months 10* 10H 12 months 1013/*****1/16 Da*. 8w.Fr*. fULUU n—184 words
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Article22 1983-09-10 2 THE average rate at which major Singapore banks are currently prepared to lead to their best customers is 9.08 per cent.22 words
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Article46 1983-09-10 2 RANGE at prices offered by discount houses on Sep 9: Overnight: 3 Call deposits 2-3 Clocia f B«jriM S«Uia« 3-month Treasury bills 2H 2W 3-month Bank bills 7 8/lfl 77/1® 3 months CD 7 1/16 015/10 0 months CD 7* 7*4 Source: National Discount Co46 words
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Article273 1983-09-10 2 GOLD futures in Singapore yesterday fluctuated within a narrow margin throughout the session before closing slightly firmer than New York's level. Trading was quiet throughout the day on lack of fresh factors coupled with the closure of the Hongkong market following a typhoon. Prompt closed slightly higher at U5J415.90/416.40273 words
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Article37 1983-09-10 2 m Than M New York I218B 12.14B H OR 12. IIS Zurich 1115B 12.12B 12.20S 12.17S m 1km Singapore 12.17B 12.15B 12.MS oas Closing price* ia US dollar* a troy ounce Source: Credit Suisse, S'pore.37 words
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Article137 1983-09-10 2 THE dollar yesterday opened slightly higher in thin, quiet trading, with operators reluctant to become involved in the market ahead of yesterday night's US money supply figures. With no new factors to provide direction, dealers were adjusting positions ahead of the week-end. Although Eurodollar deposit rates opened unchanged, the137 words
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Article67 1983-09-10 2 RESULTS of tender held yesterday for 91-day bills (to be issued from Sep 12 to Sep 16) and 182day bills (to be issued on Sep 12): •1-teybWt Itt-daybNto Offered: $140,000,000 $20,000,000 AppUed ter: AlMM: *304.000,000 $35,000,000 S140.000.000 $30,000,000 a -M MB 199 34 $9864 approximately 91% Aranp67 words
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Page 2 Advertisements
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Advertisement107 1983-09-10 2 How to deal with everyday ailments. The next best thing to having a doctor in your family. Exercise Relaxation '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 and take the107 words
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TRADE AND INDUSTRY
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358 1983-09-10 3 ALL COMPUTER users should be educated on the advantage of standardisation, particularly in five key areas. These are micro electronics, software technology, advanced information processing, office automation and computer-inte-grated manufacturing. Mr F W Aldag, managing director of Nixdorf Computer Pte Ltd, made this call358 words
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Article, Illustration209 1983-09-10 3 THE Japan Trade Centre (Jetro), Singapore, has a new chief who is an expert in Chinese studies. TMhihiro Ide has succeeded Shinobu Sawaike as managing director of the Japan Trade Centre. Mr Sawaike will be returning to Tokyo on Sep 12 to take on a new assignment209 words
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342 1983-09-10 3 WHEN Singapore competes in international trade and industry from a disadvantaged position, it has to ensure that people here have abilities that are comparable with or higher than those of other countries. The disadvantage arises because other countries have cheaper land, cheaper342 words
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Article55 1983-09-10 3 IN THURSDAY'S report headlined "Two French train builders link up for MRT contract", Singapore Electronic and Engineering (SEEL) was incorrectly described as a subsidiary of Singapore Shipbuilding and Engineering (SSE). SEEL is in fact a subsidiary of Singapore Aircraft Industries (SAI). The full name of the company is Singapore55 words
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Article697 1983-09-10 3 MONICA GWEE - By MONICA GWEE SINGAPOREANS have cultivated a taste for condominium living and it is likely to be a popular form of housing for many upper middle income families in the future. Residents of Pandan Valley and Mimosa Park, subjects of a study, rated their living697 words
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Article, Illustration299 1983-09-10 3 JAN LEE - By JAN LEE IN SPITE of the widespread use of electronics on merchant and military ships, the basic sail-ship remains very much a part of seamanship training. "We need the sailing for the cadets to get a feel of the sea, to learn to love299 words
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Article339 1983-09-10 3 AGNES WEE - By AGNES WEE BUILDERS are apparently still reluctant to accept the new form of contract introduced by the Singapore Institute of Architects about three-and-a-haif years ago. The Singapore Contractors Association Ltd recently carried out a survey among its members to find out their views339 words
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Article157 1983-09-10 3 AS PART of its efforts to improve facilities for staff, Shell has built a new ferry terminal at Pasir Panjang and bought a fleet of hovercraft. The terminal and hovercraft fleet will be officially commissioned by Shell's chairman and chief executive, Mr Dick van Hilten,today. The157 words
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Page 3 Advertisements
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Advertisement606 1983-09-10 3 f% NEWtitles from 1 FEDERAL PUBLICATIONS Ulsm Specially published for the jl Festival of Books and Book EWorld Trade Centre, 3rd-11th September 1983 B3 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 mix606 words
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OVERSEAS
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Article, Illustration721 1983-09-10 4 Agencies PRESIDENT Ronald Reagan told a Marine commander in Lebanon yesterday that the US would provide "whatever support it takes to stop the attacks on your positions". The president made the comment in a telephone call to Colonel Tim Garaghty shortly before aAgencies; AP photo - 721 words
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Article710 1983-09-10 4 ARRIVALS Service Local Operator Number Time From SIA SQU 0010 LAX/TYO PAA PA5 0015 JFK/SFO/HKG FT FT71 0040 JFK/ORD/ANC/ NRT/TPE/KUL CAL CI331 0150 TPE MAS MH601 0620 KUL MAS MH671 0906 KUL MAS MH811 0910 PEN SIA SQ103 0945 KUL RBA BI421 1000 BWN MAS MH603 1020710 words
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331 1983-09-10 4 UPI CHAD accused France of abandoning government troops to face rebel attacks and of conspiring to allow Libya to take over the northern half of the central African country. State-run Radio Chad, in its nightly news broadcast on Thursday, aired aUPI - 331 words
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424 1983-09-10 4 UPI, Reuter NICARAGUAN Foreign Minister Miguel d'Escoto yesterday called (or rebel participation in Central American peace talks, which took on a new urgency as anti-Sandinistas stepped up their action with an air raid on Managua. In a radical departure, Mr d'Escoto said before enteringUPI,; Reuter - 424 words
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351 1983-09-10 4 NYT CHILEAN riot police used tear gas and water cannons to break up anti-government demonstrations in the country on Thursday. Scores of protestors were injured as the police charged into crowds gathered in the downtown area. More than 1,000 demonstrators chanted slogans and peltedNYT - 351 words
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348 1983-09-10 4 Reuter AMERICAN Defence Secretary Caspar Weinberger has urged tighter military cooperation among conservative states in Central America to fight left-wing insurgents. He made the call at the end of a three-nation tour of Central America, the first ever by a US defenceReuter - 348 words
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617 1983-09-10 4 Reuter WESTERN traders and industrialists at this week's Leipzig Autumn Pair appear determined to adopt a "business as usual" approach in spite of international political tension and problems posed by the East Bloc's debts and shortage of hard currency. The bi-annual fair, whichReuter - 617 words
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Article1115 1983-09-10 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Oparator Gdna FCL Location Anson Sea Hawk Tor Bay Alva Maersk Cornelia Maersk K Kozlovskiy Or Importer PTaft Med Eagle Tambang VII Monte Ruby Glory Ace Jozef Chelmo Zim Houston P Taylor White Star Sea Glory1,115 words
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297 1983-09-10 5 Reuter US capital spending, after adjustment for inflation, will decline by a revised 2.3 per cent this year. A Commerce Department survey, taken in late July and August, and released in Washington yesterday, said that anticipated drop in outlays for plant andReuter - 297 words
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271 1983-09-10 5 Reuter PRESIDENT Reagan's Caribbean Basin initiative should be the starting point for a closer IJS policy towards the area. The Organisation of American States SecretaryGeneral, Alejandro Orfila, yesterday told Latin American and Caribbean finance ministers in Caracas for a conference on foreign financing that theReuter - 271 words
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275 1983-09-10 5 Reuter THE rapidly Improving US economic recovery will continue into 1184 ud even beyond if It to not halted by economic policy decisions in Washington, Conference Board chief economist Albert Sommera said. la remarks prepared for delivery to a group of California-basedReuter - 275 words
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599 1983-09-10 5 AP, AFP THE US and most of its Nato allies have reached tentative agreement on a temporary air travel moratorium against the Soviet Union to protest against the shooting down of a South Korean airliner last week, senior US officials said. All ofAP,; AFP - 599 words
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WORLD IN BRIEF
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Article435 1983-09-10 5 Agencies ASEAN is planning to launch new joint moves on Cambodia at a United Nations General Assembly session starting on Sep 20, an Asian diplomat said in Bangkok. The diplomat said the new move by Asean could urge stronger international support for a Cambodian coalition headed byAgencies - 435 words
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269 1983-09-10 5 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday sent a congratulatory message to the Barisan Nasional candidates who captured the Kelantan seats of Selising and Kemumin in by-elec-tions held on Thursday. In his message, sent through Mentri Besar Datuk Haji Mohamed Yaacob,Bernama - 269 words
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609 1983-09-10 5 AP PRESIDENT Ferdinand Marcos yesterday called the international press "most irrational and irresponsible" for suggestions of government complicity in the assassination of former senator Benigno Aquino, his chief political rival. In a speech read for him at the opening of an international conventionAP - 609 words
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Page 4 Advertisements
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Advertisement21 1983-09-10 4 Fly Pan Am To The USA Daily And To More Than 45 U.S. Cities. Pan Am.Yon Can t Beat The Experience.21 words
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Page 5 Advertisements
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Advertisement767 1983-09-10 5 TIMES INTER BUSINESS HOUSES ATHLETICS MEET 1983 Charity Classic the big raise for a good cause The Pocari/Castle's aerobic show 5.30pm 2* m Tk u m j B 7* u 7* A m S Sfc 1 w, 1 a 4 Y* s s rm I l The 4 thletics Extravaganza767 words
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Article515 1983-09-10 6 MARGARET MEAD might not have known the Chinese proverb which says it is better to travel 10,000 miles than to read 10,000 books. The late American anthropologist did, however, say something similar that she had to travel all the way to Samoa to understand515 words
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Article, Illustration1065 1983-09-10 6 SIMON ALTERMAN - On the eve of a decade's rule, General Augusto Pinochet is facing a flurry of open opposition. The streets have been the scene of several antigovernment demonstrations over the past five months and diplomats say the atmosphere is very different from what prevailed in 1980. SIMON ALTERMANReuter - 1,065 words
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810 1983-09-10 6 DANIEL DROSDOFF - By DANIEL DROSDOFF UPI IT looked fine in theory in the classroom. In practice, it unravelled. An economy supporting 11 million people was devastated, its industry ruined, its private sector driven into debt and its government a hardline military regime in trouble. RightlyUPI - 810 words
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Advertisement175 1983-09-10 6 You know our books. Here% your chance^ to find out what% behind the covers. c- > 1 1 1 2 m fi > mm r- I J s r, 7 z 11 <ji 3 7* r T E I 22 *4 P5 j g Hi I R3< T H c175 words
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Page 6 Miscellaneous
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Miscellaneous784 1983-09-10 6 SINGAPORE 5 MALAYSIA 3 12.55 PM Opening folowed by Sesame Street: The letters "K" and "L", and the number "2" are featured. 155 Doctor Snuggles (Children's programme) 2.20 Saturday Matinee Start the Revolution without Me: This 1969 drama is about a mix-up in the court of the French king, Louis784 words
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975 1983-09-10 7 DAVID YOUNG - EXPATRIATE INVESTMENT By DAVID YOUNG ANYONE who is or becomes resident in the United Kingdom can expect to become liable for UK taxes. The non-British national might pay less tax, depending on where his income comes from, than the British resident, but975 words
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Article210 1983-09-10 7 Gentle persuasion in the still of the night THE "great" marriage and procreation debate found its way into a management seminar yesterday, with the new acting Minister for Communications, Dr Yeo Ning Hong, exercising his skill with words. The seminar was on human resource management, so210 words
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Article, Illustration1583 1983-09-10 7 RICHARD LYONS - casinos continue 10 sprout throughout Atlantic City, social scientists grow increasingly worried over a new phenomenon that is making itself conspicuous compulsive gambling. RICHARD LYONS reports. RICHARD LYONS NYT FEW of the thousands of people still up at dawn on Monday in theNYT - 1,583 words
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Page 7 Advertisements
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Advertisement377 1983-09-10 7 K TIMES C ONFERENCES Present top I.I:\ KI. (oM'i;i{i:\< i; o\ (()ST I:FFECTIVE MANACJEMI:NT OF (()NSTRUCTI()N PRC)JEC TS ."> fi OCTORER. hi \L\ 1.1 MPI R. M\I.WSI CONFERENCE CHAIRMAN EC ONOMIC Jl STIFIC \TION OF REAL ESTATE OR IMM STRI XL DEVELOPMENT Mr Kugene M Kaikott Director Itaikott \ssociates SELECTION377 words
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Page 7 Miscellaneous
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Miscellaneous779 1983-09-10 7 n 11 -non cbossword CRYPTIC PUZZLE ACROSS 9 So afraid and worried about the East, as previously mentioned (9) 10 Correct about the title, which is brilliant, in retrospect (4-5) 12 As the Cockney would say, long for fish (4) 13 Suppose it's a problem having the sea wash round779 words
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Page 8 Advertisements
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Advertisement318 1983-09-10 8 Where to wine, dine and entertain SB with the American Express Card HHH. If don t already have the Card, call *****33 for an application form" t "Let's Viaw f f Nonva Tood \jC this Sunday" 1 "Daddy, what's Nonya food?" "Nonya foi)d is a creative cuisine developed by the318 words
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Advertisement179 1983-09-10 8 f*JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. > /> in U) Ojn n (in:!i IJn<>< h U) p < >r rcserratu >ns call 737 1 H)77 it (i r\ I 'jii'k *i*j ih >i i **■> i 11jj,; 11 »<»i a\M ZBahJiut THE NEW LOOK •Mi179 words
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Advertisement229 1983-09-10 8 gQrxEp, Singapore's latest additional/ to good food and cosy surroundings. Special servings are set for breakfasts, luncheons, dinners and late night snacks a wide selection of Oriental and Western fare. Cale Vanaa your naven 24 hours a day Paramount Hotel Marine Parade Road. Singapore 1544 T1: 344 5577 Entrance by229 words
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Advertisement202 1983-09-10 8 The amazing Hue Motes Live at the Top of the Hilton 12-16 September and 19-25 September Nightly KX3oprti^ The Blue Notes. Exciting musically, stunning visually with the sharpest choreography on the scene. This is one show you musn't miss! Cover Charge: Inn of Happiness diners $12.50 nctt. Non-Diners $25.00 nett.202 words
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Advertisement224 1983-09-10 8 4 < Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, youll find our staff friendly and efficient, our food appealing and delicious. Try our famous claypot specialities, Hainanese chicken rice and other dishes. For reservations, please call *****22224 words
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RAW MATERIALS
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Article1141 1983-09-10 9 COFFEE: Robusta coffee futures yesterday held steady in late morning dealings and by the end of the midday call prices were between £13 and £10 a tonne higher. Turnover was 1,520 lots which included 330 lots crossed and two options. November traded from £1,694 up to £1,703 before1,141 words
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Article161 1983-09-10 9 CHINESE Produce Exchange, Singapore, noon closing prices per IN kg yesterday. Coconut oil: Bulk fob $182.00 sellers, old drum (in second hand drum) fob $195.00 sellers, new drum fob $199.00 sellers. Copra: Mixed (loose) $110 buyers. Pepper: Muntok white pepper fob Asta NLW $345.00 sellers, Sarawak white pepper161 words
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Article201 1983-09-10 9 YARN and cotton prices were quoted as follows in Hongkong on Thursday (Market closed yesterday because of Typhoon Ellen). (In HK dollars, spot ex-go-down) OtUa yarn: China Blue Phoenix 20s 2,700; 32s 3,620, 40s 3,810 (per bale of 400 lbs). Piece gMds: China Butterfly and Globe brand unq; Dragon201 words
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Article315 1983-09-10 9 SINGAPORE: Yesterday's closing prices in S$ 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 0.53.315 words
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Article308 1983-09-10 9 THE RUBBER market in Singapore yesterday closed with October One RSS three cents lower at 234.00 cents per kilo, in quiet trading. The morning session was marked down 3.50 cents at 233.50 on lower London advices. Levels recovered half a cent in the afternoon on some late buying interest.308 words
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Article340 1983-09-10 9 RAS prices In cents per kilo yesterday. Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b 232.00 233 00N 231.50 232 50N Int 1 R.S.S. October 234.50 235 50 234 00 235 00 Int 1 R.S.S November 237 50 238 00 237.00340 words
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Article133 1983-09-10 9 NOON SSR and SMR price* yeelerday RA8 October Novea iber (Curreat Mtbl (Forward Mtbl Buyer* Sailer* Buyer* Seller* SSR 20 dm i palled i pellet i 203 50 205 SON 204 50 206 50N SSR 50 11 u>r 201 50 203 50N 202 50 204 50N MRELB133 words
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301 1983-09-10 9 LETHARGIC conditions prevailed for most of the week, with values losing ground to finish the period five cents down for October One RSS in Singapore, Holiday, Co tier, Bath Ca said in its review of the Singapore and Malaysian rubber markets for the week301 words
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Article30 1983-09-10 9 Rubber Sept 9 Singapore: October: 234.00 cents (down 3.00 cents) Malaysia: October: 258.00 cents (down 3.00 cents) Tin: M 530.43 per kilo (unchanged) 256 tonnes (down 9 tonnes)30 words
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Article200 1983-09-10 9 SOYBEAN futures in Chicago on Thursday closed three US-cents a bushel lower in January to 2' -t higher in August. November traded in a 9'/j--cent range. Prices moved quietly lower through most of the session ahead of private crop forecaster Conrad Leslie's estimate after the close. Traders called his200 words
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Article173 1983-09-10 9 WHEAT futures in Chicago on Thursday ended 2 3 to 1 1 < US-cents a bushel higher in light trade. December traded in a 4''2-cent range. Steady commercial buying after midsession and small export tender business supported prices. Buying was expected to continue yesterday in sympathy with expected higher173 words
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Article84 1983-09-10 9 THE Straits tin price in Penang yesterday held steady at M 531.43 a kilo, within the ITA lower range of M 529.15 and MS32.IC. Despite a lower overnight London close and higher offerings, dealers noted buffer stock manager support at this level. He took about 81 per cent84 words
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Article158 1983-09-10 9 THE Malaysian crude palm oil market yesterday rose on strong buying following private forecaster Conrad Leslie's lower US soybean output estimate. Firmer palm oil futures and the limit-up close in the Tokyo soybean market also boosted sentiment. In Sep, central and south firmed M 532.50 and MJ2S respectively158 words
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Article125 1983-09-10 9 Reuter INDIA'S state-owned Minerals and Metals Trading Corp (MMTC) has cut the prices of imported copper and tin but raised the price of zinc, effective Sep 1. Tin has been cut to 253,000 rupees a tonne (previous price 255,000) ex-warehouse and 137,000 rupees a tonne hasReuter - 125 words
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INTERNATIONAL STOCKS
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Article147 1983-09-10 9 SEPT 06 Frs CORBE1LLE -3 15 GROUP B Carrefour 1368 Flnanclere de LUnlon 71.80 Lafarge 286 50 -0.2 0.5 B S N Gervais Danone 1975 Moet-Hennessy Opfl-Parlbas 1210 139.50 7 -03 -1.7 C S F (ThomsonCsf) Ctc Francalse des Petroles Credit Fonder 200 158 495 1 unch Radiotechnlque 432147 words
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Article78 1983-09-10 9 SEPT 08 Dm Hoechst 156 70 >0.8 Hoesch 44 80 1.3 Aeg-Telefunken 18 00 +2 Horlen 160 50 OS BASF ***** -0.8 *1 152.00 -09 244 SOB >4 5 BMW 379 00 17 8.3 Commerzbank ***** 5.5 Mannesmann ***** -3 Contl Gummj ***** 0.4 271.00 >4 Daimler-Benz 571 0078 words
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Article74 1983-09-10 9 SEPT 08 FORWARD F rs -f MARKET Gr Bru Lamb HoDok Petro Ryl Dutch Sldro 2395 4875 5990 2560 17*70 -5 -20 unch 35 -30 Arbed Astur 1380 554 42 -8 5 25 3 -2 15 Soc Gen Belg Soflna 1970 5030 3260 20 -20 -20 Canpac Cock De74 words
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Article53 1983-09-10 9 SEPT 08 Lire Bastogi 227 -6.5 Bet ***** -100 Centrale Ord 2000 -80 Con<J Arqua Roma 185 -1 Erldanla 8785 -85 Fiat Ord 3080 -74 General! *****0 -2100 Glm 3540 -10 If) Prlv 4940 -80 Invest 2732 -18 Italcementi Ord ***** -300 Itaigas 1048 -12 Le petit Ord *****53 words
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Article194 1983-09-10 9 SEPT 08 francs Actions Suisses 290 -V> Alusulsse Br 810 -12 Alusulsse Reg 286 -3 Brown Boverl Br 1240 -20 Clba Gelgy Br. 2000 -5 Clba Gelgy P C 1590 -40 Clba Gelgy Reg Credit Suisse Br 817 -3 2150 -20 Credit Suisse Reg 405 unch Elektrowatt Br 2920194 words
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Article158 1983-09-10 9 SEPT 08 CS 244 Hud Bay 14In Imp Oil 404 22*. -4 49 Hi 304 304 364 -4 28'? Inti Nickel 224 Bank Nova Scotia Bell Tel 414 29 unch -4 Kerr Add 224 4 BP Can Ltd 254 4 124 304 4 #4 4 Mc Blodel 274 19158 words
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Article198 1983-09-10 9 SEPT 08 Rand INDUSTRIALS Trust Bk Un Steel Unisec Wool worth 190 11( 580 1300B -5 A Alpha Abercom AE And CI MOB 290 910 MO 2945 -5 MININGS AMIC unch Anglvaal ***** -100 Barlows C G Smith 1330 rm 10 25 Blyyoors 1880 7400 10 125 CNA Currle198 words
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Article197 1983-09-10 9 SEPT 08 Fit ABN Ahold ***** 1A Akzo AMFV 76 60 -01 Amfas Amrobnk 80 30 59 50 01 unch Be r govs Berk Bols 7730 9320 04 1 Bosk a Burt*t (aland 47 00 47 30 35 20 300 00 -0.2 0.1 -0.3 Deli Mij 7500 383 00197 words
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Article1107 1983-09-10 9 NEW YORK A FINAL hour rally helped the stock market close higher for the fourth straight session on Thursday but the Dow Jones Industrial Average fell back from record levels reached briefly near the close. The DJ Index closed at about 1246, up slightly more than two1,107 words
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Page 9 Advertisements
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Advertisement22 1983-09-10 9 Solve I PUZZLE at Book Fair '83 3rd-11th September World Trade Centre and win valuable prizes. Ask for details at cashier's desk.22 words
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2890 1983-09-10 10 BID and otter prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. All Times Settlement Contracts are quoted after2,890 words
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Article3506 1983-09-10 10 1983 High Low Company Last Sale orGr'i Div Div C'vr Gr's Net Y'ld P/E Vol Day (000) High Low SECTION ONE INDUSTRIAL Sk COMMERCIAL 286 354 267 306 410 120 300 318 268 680 520 535 683 535 214 340 585 870 472 472 1180 310 6803,506 words
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Article2167 1983-09-10 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday. with the number of shares traded shown in bracken in lots oI 1.000 units unless otherwise specified INDI STKIAUS Ajteatnala (4 02S) (I) 4 00 2) 4.04 AWm <2,167 words
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Article777 1983-09-10 10 INVESTORS continued to stay away from the Singspore storkmarket yesterday and trading remained very qnlet. Expectations are that there would be more direction next week, depending on what happens on Wall Street. Meanwhile, the Business Times Composite Index closed 3.Si points lower at 123.14 and the Straits777 words
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Article585 1983-09-10 10 WITH investors moving to the side lines, prices on the Kuala Lumpur stock market finished mostly lower in lacklustre trading. Total turnover fell below the 7-million unit mark to 6.01 million valued at M 523.4 million, the lowest daily volume in recent weeks. The market585 words
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COMPANY NEWS
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Article491 1983-09-10 11 Reuter THE recent weaker tone on the Tokyo stock exchange marked a consolidation period rather than an end to the recent bull market, stockmarket analysts said. On Thursday, the market average shed 23.19 points to close at 9,332.47, after three days of record highs. "The market willReuter - 491 words
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ASIAN STOCKS
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Article435 1983-09-10 11 TOKYO SHARE prices yesterday closed lower as late profit-taking more than offset initial gains, with blue chips and populars leading the downturn. The market average lost a provisional 28.46 to close at 9,304.01. Investors generally held off in the afternoon ahead of the weekend. The market will435 words
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Article392 1983-09-10 11 AUSTRALIAN share markets yesterday overcame a weak start and strengthened for most of the day amid evidence of strong buying demand from Hongkong. The All-Ordinaries Index closed up 3.4 points at 730.3, a new high for the year. It now stands 16 points short of the392 words
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Article178 1983-09-10 11 SHARE prices yesterday closed mixed in moderate trading at the Securities Exchange of Thailand. The Book Club Index rose 0.01 point to 127.19 on a turnover of 47.3 million baht with over 300,000 shares traded. SEPT OS Aokham Thai Bah is 272 unch Asia Fibre Ayuthaya In* And Trust178 words
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Article97 1983-09-10 11 SEPT 09 Peso* Acoje Mining Anglo Phil Apex Mining B Atlas Con. 8. II Oil 12 32 0.0018 unch 0.5 -0 0002 Basic Petroleum Benguet Con B CDCP First PhU Hldgs Lepanto B. Marlnduque B Mars tee 1 Oriental B Phil Overseas Phllex B Ptcop B Pioneer PLOT 097 words
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544 1983-09-10 11 Reuter PERSIAN Gulf states are preparing to regulate share trading in the region in an effort to boost business confidence after the speculative free-for-all that led to the collapse of Kuwait's stock exchanges last year. Bahrain and the United Arab Emirates (UAE) haveReuter - 544 words
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387 1983-09-10 11 MALAKOFF Bhd, the 55 per cent-owned subsidiary of Boustead Holdings, has reported group pretax profits of Ms 2 69 million for the six months to June 30, 1983, against a loss of 5925,000 in the previous interim. The turnaround from a loss situation387 words
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Article205 1983-09-10 11 UNILITE Electrical Industries Bhd's scheme of arrangement has been unanimously approved by the company's creditors at a meeting held in Kuala Lumpur on Thursday. Part of this arrangement called for the approval from its secured creditors, who will relinquish their rights to the company's assets in205 words
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Article188 1983-09-10 11 Managers' prices l« Sep I# 1* SINGAPORE UNIT TRUST DIAMOND MGT STORE Sep The Commerce 3 45 3.67 Diamond AUK The Savings Fund 1.97 209 055 1 18 0 59 S pore Prog Fund 156 165 Spore Fd(USI) SS 1 26 S pore Sec Fund 2 26 2.40xd188 words
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Article193 1983-09-10 11 UNITED Overseas Land Limited: Extraordinary general meeting to be held at the Function Room, 3rd storey, the Plaza, 7500A Beach Road, Singapore 0719 on Sep 15 at 10.00 am. JACK Chia Enterprises (Malaysia) Berhad: Fiftysixth annual general meeting to be held at Melati Room No 1, 3rd Floor.193 words
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Article471 1983-09-10 11 LIM SOON NEO - By LIM SOON NEO HOTEL Tai-Pan is spending about $4 million to upgrade its existing rooms to attract more business travellers. The renovation started this month and is expected to last for at least six months. The project involves the refurbishing of all the existing471 words
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226 1983-09-10 11 Reuter ROTHMANS International PLC's performance in the opening months of fiscal 1963/84 ending March was generally satisfactory, with tobacco operations showing increased sales volume in some areas, chairman David Nieolson told the annual meeting. Cigarrette exports have also shown further progress. Tobacco neverthelessReuter - 226 words
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Page 11 Advertisements
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Advertisement562 1983-09-10 11 Times ■BESTSELLERS! of the month Mim* THE MOON IN THE WATER by Pamela Belle Thomazine was bom under a dark and troublesome star. Orphaned at ten years old. she met the headstrong Francis during her young years, the years when they both dreamed of the mystic unicorn. But the sweep562 words
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Chief Price Changes
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Article167 1983-09-10 12 Rises Indices Taiping Cons Ayer Hitam Rub 1250 650 Sep 8 Sep 9 1200 200 Toabiba S T P 1975 Nat Iron 570 1010 670 15 10 10 BT Composite. BT Indicator: 926.75 *****72 923.14 *****68 Tranamarco 183 7 ST Industrials: 972.04 967.25 O U E 450 6 ST167 words
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Article, Illustration153 1983-09-10 12 Rises Indices K Kellas 6300 200 Sep 8 Sep 9 Taiping Con 1430 30 25 20 20 10 10 10 MBT Indicator: *****79 *****54 M Oxygen 680 NST Industrials: 1375.46 1371.39 CASH 960 NST Finance: 2545.64 2543.97 Shell 1030 NST Hotels: 662.96 662.48 Cold Storage HMPB 600 620153 words
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Article50 1983-09-10 12 H.K.HANG SENG Thursday 726.9 Friday closed Thursday 922.75 Week Ago 950.54 Week Ago 604.7 FINANCIAL TIMES INDUSTRIALS AUSTRALIAN Thursday 713.6 Wednesday 712.4 Week Ago 708.6 INDUSTRIALS Friday. 877.1 DOW JONES AVERAGE Thursday 873.8 INDUSTRIALS Week Ago 858.8 Thursday 1246.14 Wednesday 1244.11 ALL ORDINARIES Friday 730.3 Week Ago— 1206.8150 words
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Article78 1983-09-10 12 Reuter NEW YORK stock prices opened mixed yesterday with the Dow Jones industrial average continuing to inch towards record levels. The DJ index, which has risen for four straight sessions, was up around one point to about 1247. TTie index's best closing level was 1248.30 lastReuter - 78 words
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176 1983-09-10 12 PROPERTY developer Ho Kok Cheong has appointed Temenggong Merchants Bankers to handle the sale of his holding of 3.89 million shares in public listed Le«ag Huat Industries Bbd. Proceeds from the sale will be used to settle a $13.5 million tax arrears176 words
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Article145 1983-09-10 12 UNITED Industrial Corporation's maiden rights issue of l-for-2 at $1.20 a share has received surprisingly good results. N M Rothschild and Sons (Singapore) on behalf of UIC advised that by the closing date on Sep 7, acceptances were received for 33.77 million new shares, representing145 words
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Article125 1983-09-10 12 TOWN and City Properties Ltd has reported group pre-tax profits of $8.42 million ($1.27 million) on revenue of $14.97 million ($1.4 million) for the six months ended June 90, 1963. The company itself had pre-tax profits of $1.72 million ($1.9 million) on revenue of $1.97 million ($2.02 million).125 words
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Article766 1983-09-10 12 SHARE prices closed easier on small volume yesterday. Closing middle prices of selected stocks, excluding stamp duty, were: RUBBER PHYSICALS LONDON, Thurs Spot rubber cloaed at 77.25/80.00 pence a kilo today, with October at 78 50 79.50 and November at 79 00 80 00 LONDON METALS LMOcUI ctosteg766 words
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547 1983-09-10 12 CHRIS LIM - By CHRIS LIM TRADING in the shares of Straits Steamship Co Ltd, originally scheduled to be suspended on Sep 12, has now been postponed to Sep 19. In the Kuala Lumpur stock exchange, however, trading in Steamers shares will be suspended547 words
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525 1983-09-10 12 CHAN OI CHEE - MHBHI Companies Editor: Mano Sabnani By CHAN OI CHEE HIGHER property income has helped the Straits Trading group to show a rise in interim pre-tax profits despite a fall in turnover. For the six months ended June 30, 1983, the tin smelting and propertybased525 words
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488 1983-09-10 12 UNITED Estate Projects Bhd (UEP), developer of the huge Subang Jaya township project, has announced a property acquisiUon which will more than double its current land bank. UEP yesterday said agreement has been reached with Pembangunan Taman Baru Sdn Bhd (PTB) for488 words
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Article134 1983-09-10 12 HIGHLANDS and Lowlands is acquiring the entire share capital of Syarikat Yew Lian Plantations Sdn Bhd for Ms 4 million cash. The company said it has entered into a conditional agreement with the present shareholders of Syarikat Yew Lian to purchase the latter134 words
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Page 12 Advertisements
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Advertisement53 1983-09-10 12 NOTICE MV KAO Mil V.y SMSA arrived M September IMS at PSA 0«<»w No M/M General Survey of cargo ex the above vessel will be held on Monday 12th September 1983. from 0900 hrs to 1200 hrs. No further survey will be held after this date. Owaer'i Ageata KOKO NAVIGATION53 words
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Advertisement318 1983-09-10 12 Offshore China '83 The 2nd Offshore Oil Exhibition Conference ~UJH Iff lIK November 22-26,1983 Guangzhou (Canton) China The Great Wall is not the only thing in China built with blocks: Offshore Oil China has begun awarding the oil exploration contracts on its 44 blocks and in the process opened up318 words
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Page 12 Miscellaneous
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Miscellaneous56 1983-09-10 12 OUTLOOK for today: Partly cloudy. Showers in several areas. Report for 24 hoars prior to 7.31 pm on Sep at the airport: Maximum temperature 28-1 Associated humidity 79 Minimum temperature 24.2 Associated humidity W Hours of sunshine 1-95 Rainfall in millimetres 7 0 Total rainfall for the month 25-3 Total56 words
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