The Business Times, 5 November 1983

Microfilm: NL14236
Total Pages: 11
1 11 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, NOVEMBER IKS 60 CENTS
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  • Article
    Sales of home video games pick up again
    464 1  -  ■y LEE HAN SHIH SALES of home video games have shot up in the past few months following the closure of all video amusement arcades in Singapore. Dealers said the market for video games, previously moving at a few hundred units a
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  • Article
    Allegation of US plot to retain influence
    127 1 A FILIPINO opposition leader bat accused the United States of trying to edge President Marcos aside without removing the "defects of the dk) system". Lorenzo Tanada, chairman of the Nationalist Alliance for Justice, Freedom and Democracy, alleged that the US is planning to
    127 words
  • Article
    Barrage of questions awaits Sime directors
    975 1  -  By NAJEEB JARHOM A BARRAGE of questions is awaiting directors of Sime Darby and its venerable chairman Tun Tan Slew Sin when they meet shareholders at the company's fifth annual general meeting in Kuala Lumpur this morning. A group of disgruntled shareholders, holding a
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  • Article
    Lock icon More Americans buy foreign stocks
    343 1 UPI 'BUY American' may be the watchword of a rallying US economy, but these days more American investors are putting their money into foreign companies. The strong US dollar means investors get a better return when they buy abroad, securities analysts say. But, they warn,
    UPI  -  343 words
  • Article
    Lock icon Taiwan's exports surpass those of its neighbours
    242 1 AFP TAIWANESE exports grew by 9 per cent to US$l6.2 billion in the first eight months of this year, surpassing those of its competing neighbours by a wide margin. According to the Board of Foreign Trade, Taiwan's 9 per cent export growth surpassed
    AFP  -  242 words
  • BRIEFLY...
    • Article
      Lock icon Session called off
      57 1 Reuter JAPAN'S ruling party called off a showdown session of parliament yesterday to avoid stocking up political acrimony ahead of President Reagan's visit to Tokyo next week. After intensive consultations, leaders of the governing Liberal Democratic Party postponed plans for a special session of the House of
      Reuter  -  57 words
    • Article
      Lock icon Aircraft orders
      62 1 Reuter CHINA has received its first export orders for two new models of Ultralight aircraft, including 1,000 for an unnamed US company, the New China News agency repotted. It said a British company in Hongkong had also ordered 100 aircraft at the Canton trade fair. The US company
      Reuter  -  62 words
    • Article
      Lock icon Grain purchases
      72 1 Reuter w CHINA will not fulfil a commitment for purchase of a minimum six million tonnes of US grain in 1963 under a long-term bilateral pact, a Chinese grain official said. The grain purchasing department of China National Cereals, Oils and Foodstuffs Import and Export Corp said that
      Reuter  -  72 words
    • Article
      Lock icon Investment slows
      91 1 Reuter JAPANESE corporate spending on plant and equipment in the year ending March 31, 1984, is expected to rise 3.5 per cent from 1962/83 to 11,554 billion yen, the smallest annual growth in 11 years, an International Trade and Industry Ministry survey showed. The survey, carried out in
      Reuter  -  91 words
    • Article
      Lock icon Ship found
      65 1 AP CHINESE divers have found the US oil drilling ship that sank last week, in waters 75 metres deep in the South Sea, a Chinese spokesman said. A statement by the spokesman for the Pin» National Offshore Oil Corp did not mention, however, whether the divers found any
      AP  -  65 words
    • Article
      Lock icon Umno support
      54 1 Reuter THE youth wing of Malaysia's leading party, the United Malays National Organisation, yesterday gave full backing to controversial government legislation to curb the power of the king and rulers of individual states. Umno Youth members unanimously approved a resolution at a special assembly supporting amendments to the
      Reuter  -  54 words
    • Article
      Lock icon Car sales up
      48 1 UPI US car makers have reported a 96.1 per cent increase in October sales, kicking off the 1964 model year with the best monthly performance in four years. The six US companies reported sales of 664,194 cars in October, up 36.1 per cent from 487,871.
      UPI  -  48 words
    • Article
      Lock icon Exchange earnings
      55 1 AFP INDONESIA'S total foreign exchange earnings dropped by 10.21 per cent during the first semester of this year, compared with the same period last year, Antara news agency reported. Export revenue for the first semester this year stood at US$B.55 billion. Export earnings for the same period last
      AFP  -  55 words
  • Article
    Burma breaks off diplomatic ties with N Korea
    169 1 BURMA yesterday severed ■pliau 111 nil Him with North Korea, oayfag It had Nerth Korea was nsponslMe for the heath Hast Is cEZ net Mfafatees. la a sfafaaoent read ever radio, Ban» saM It had ordond North Sanaa dtpUflMkts fa faave the
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  • Article
    Israel retaliates after military HQ was bombed by terrorist
    534 1 IN TRUE Lebanese fashion, a lone terrorist yesterday made a mockery of the peace talks now going on in neutral Switzerland. Hours after he demolished an Israeli military headquarters to the ground, Israeli )ets retaliated for the loss of at least
    534 words
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      Page 1 Advertisements Column 1
      255 1 BITTER 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 OMULS' BANKING experts are examining the business of Schroder, Munchmeyer, Hengst, the Bonn private bank which has been rescued with a large-scale aid package Page
      255 words
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      Page 1 Advertisements Column 2
      136 1 YAMAHA CARBON COMPOSITE CLUBS. Proven tops in scientific tests. h V* W w Tests carried out by a Sw/ng Robot, the most reliable golf testing equipment to date, have proven Yamaha carbon composite clubs to be top in carry or distance, top in directional stability, top in strength and elasticity.
      136 words
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      Page 1 Advertisements Column 3
      107 1 BUSIER S E Asia 3rd International ExNbttion of Printing Graphic Arts Eoupment Supc*es 9-13 November 1983 WORLD TRADE CENTRE ASIAPRINT '83 An Interfama organiser! sho\ Tel. *****12 ..I Hongkong Bank MasterCand Gold. The Summit of Achievement. 51 k t <• fJ r* L" I St W V m A response
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  • BANKING AND FINANCE
    • Article
      Lock icon Banking experts investigate SMH
      622 2 FT Reuter BANKING experts are examining the business of Schroder, Munchmeyer, Hengst (SMH), the West German private bank which has been rescued with a large-scale aid package. A team of six experts from other West German banks is understood to have moved into SMH for discussions
      FT; Reuter  -  622 words
    • Article
      Lock icon Renault unit to raise 500m francs
      128 2 Reuter RENAULT Bail, a financial subsidiary of Regie Nationale des Usines Renault, plans to raise 500 million francs through the issue of two domestic bonds worth 250 million francs each. Primary bond market sources in Paris said yesterday that the first bond, for nine
      Reuter  -  128 words
    • Article
      Lock icon Conditional accord on Saarstahl rescue plan
      299 2 Reuter WEST German banks have agreed on measures to provide Arbed Saarstahl GMBH with an additional 425 million Deutschemarks liquidity, conditional on help from the government and other parties. Sources close to the negotiations said in Frankfurt yesterday that the banks would forego 150
      Reuter  -  299 words
    • Article
      Schroder Wagg and German bank not connected
      134 2 BRITISH merchant bankers J Henry Schroder Wagg and Co Ltd said there is no corporate connection between the Schroder PLC group of companies and the German bank Schroeder, Muenchmeyer, Hengst und Co. Schroder Wagg made the statement after receiving enquiries following news that
      134 words
    • Article
      Baldrige predicts fall in US prime rate to 10pc
      138 2 US COMMERCE Department Secretary Malcolm Baldrige has predicted that the prime Interest rate would be as much as one percentage point lower than its current 11 per cent by the end of this year. Mr Baldrige thinks the US economy will
      138 words
    • Article
      Lock icon Mexico may need US$3.5bn loans
      368 2 FT MEXICO will require only about US$3.5 billion of new financing from commercial banks in 1984 and will be able to return to normal "voluntary" borrowing from financial mrkets by 1985, Mr William Rhodes, senior vicepresident of Citibank, predicted. Mr Rhodes, who chairs the commercial
      FT  -  368 words
    • Article
      Lock icon BANK BRIEFS
      497 2 Agencies AN AGREEMENT on the rescheduling of Poland's non-guaranteed debts due this year was signed in Luxembourg on Thursday. The Dtesdner Bank said the accord, reached in August, concerns US$l.l billion due this year. Of this, 95 per cent has been rescheduled over 10 years with a five-year
      Agencies  -  497 words
    • Article
      Lock icon Morocco to get US$535m financial aid
      320 2 Reuter MOROCCO has received pledges of around US$535 million from Western nations to help it over shortterm balance of payments difficulties. International Monetary Fund (IMF) sources in Paris said after a meeting yesterday that the funds are the latest in a series of measures
      Reuter  -  320 words
    • Article
      Lock icon Sale of single premium deferred annuity to end
      240 2 FT MERRILL Lynch, the giant US brokerage firm, is to stop idling single premium deferred annuities issued by five life insuranoe companies, tnrhMWwg those Of Charter Security Life, the largest issuer of annuities to individuals last year. Merrill did not give any
      FT  -  240 words
    • Article
      Lock icon US financial futures await rescheduling of auctions
      429 2 Reuter US FINANCIAL futures should remain locked within narrow ranges with thin trading until the US Treasury can reschedule Its US$l6 billion refunding auctions, futures analysts said. The Treasury postponed three refunding auctions this week because of Senate inaction on approving a higher
      Reuter  -  429 words
    • Article
      Lock icon Swiss bank lost only few customers
      144 2 Reuter UNION Bank of Switzerland (ÜBS) said that it has so tar lost few French customers after reports that French customs authorities have obtained long lists of French citizens holding accounts at ÜBS in violation of French laws. In September, the French Le Canard
      Reuter  -  144 words
    • MONEY AND EXCHANGE$
      • Article
        Hongkong
        140 2 THE US dollar was narrowly mixed against other major currencies in moderately active late trading yesterday. It edged down to 2.6668/ 75 marks from an early 2.6572/79 but was above New York's clow of 2.6560/ 70. It (ell to 8.0750/70 French francs from 8.0780/ 0810 but was little changed
        140 words
      • Article
        London
        123 2 THE DOLLAR yesterday opened slightly higher, underpinned by firm US interest rates and continued tensions in the Middle East. Trading was basically quiet, with dealers unwilling to become too involved in the market ahead of yesterday's US money supply figures and the weekend. Reports of a bomb explosion in
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      • Article
        Gold shows signs of support
        267 2 THE GOLD market In Singapore vat closed yesterday. Retail prices as quoted by the Stagapsre lesdhn Atssdaltsa are 5J30.42 per gram (or 24k gold, $28.57 per gram for 22k gold and $25.92 per gram (or 90 per cent gold. One tahil is equivalent to 37.8
        267 words
      • Article
        Silver quotes
        32 2 Mew York 8.80B MSB MSB t.TQS Zurich U» *51B MB MK Wad Singapore 1MB MB MB MB rVrim prtc ei In US dollars troy ouna I. Source: Credit S, S'pore
        32 words
      • Article
        Tokyo
        203 2 THE DOLLAR yesterday ended a dull day firmer at 234.63 yen against the 234.30/40 New York close, underpinned by firm US interest rates. Interbank operators lost interest in preweekend trading, despite continued international tensions, because of the Bank of Japan's apparent willingness to sell dollars to stop the yen
        203 words
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      Page 2 Advertisements Column 1
      257 2 From the internationally (^acclaimedand T A'RTCIC 1 -Z «n-.« wV. s r \m > ••"••..'«al» 'JM *o'"'':,. Yearbooks.... JANE'S Fighting Ships 1983 84 Edited by -> .Captain John Moore RN mmmm >*n v r /f 5 s>/l r V BUT* Last year's events in the South Atlantic demonstrated vividly that
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  • TRADE AND INDUSTRY
    • Article
      Tarisco plans to make S'pore regional HQ
      406 3 TARISCO, the franchisee for Long John Silver's Seafood Shoppes, plans to make Singapore its regional headquarters to look after its growing restaurant chain in the Pacific. Corporate plans for the seafood shops were disclosed by Frank Lee, executive chairman of the Tarisco Group
      406 words
    • Article
      Mr Lee to kick off Tree Planting Day
      114 3 PRIME MINISTER Lee Kuan Yew will plant a tree tomorrow to commemorate Tree Planting Day, the 13th such event since it started in 1971. To date, Singapore has planted over four million trees and shrubs or, to put it another way, we
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    • Article
      MEMO PAD
      767 3 SEHONABS AND COURSES Nov 7-8: The Transition Workshop, POD Training Centre at Waterloo Centre, Personnel and Organisation Development (Pte) Ltd Nov 8: Direct Selling and You, Hilton Hotel Direct Selling Association of Singapore Nov 8-9: Negotiating with Major Customers, Hyatt Hotel, MI Asia Pacific Pte Ltd Nov 10-11:
      767 words
    • Article
      Davong to set up Singapore plant
      430 3  -  By LEE HAN SHIH SINGAPORE is likely to see the investment of another American computer manufacturer soon. But unlike Apple, DEC, Hewlett Packard and other companies here, Davong Systems Inc from California's Silicon Valley will be making only sub-systems for computer peripherals in Singapore.
      430 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      182 3 OVERSEAS Union Insurance Limited has made the following appointments: general manager, Mr 8L Btomkar as co-ordinator (reinsurance) He shall continue to have direct responsibility to the Executive Committee for the conduct of the company's International reinsurance business. Mr Osl See Uat as chief manager (Finance A Administration).
      182 words
    • Article
      'All natural' ice-cream seller happy with sales
      568 3  -  By MONICA GWEE IT HAS been several sweet weeks for Haagen-Dazs ice-cream since the American dessert first appeared in its first international shop set up here last month. The small 27.9 sq m shop in Far East Plaza has been scooping out the
      568 words
    • Article
      Automotive engineering exhibition at the Science Centre
      255 3 CARS and aeroplanes will be highlighted at the Singapore Science Centre this month with the opening of the Automotive Engineering Exhibition and the "200 th Year of Aviation" Exhibition. The Automotive Engineering display area, a permanent feature at the SSC's Physical Sciences Gallery,
      255 words
    • Article
      Electronics company gears up for recovery
      414 3  -  By JOANNE YAP BUCKBEE-Meara Singapore, a manufacturer of electronics components, is spending $3.1 million on a new building in anticipation of a recovery in the electronics industry. Mr Peter-Juergen Schnee, the company's general manager, explained that it is prudent to expand now than wait
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    • Article
      TRADE TALK
      645 3 AMERICAN Medical International Inc (AMI), owner of the American Hospital here, is to merge with another health care corporation in a USH billion transaction. Under the agreement, AMI will issue 1.7143 shares for each share of Lifemark Corp which operates 25 hospitals and three chemical dependency facilities primarily
      645 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      156 3 ,ya*oi> CC r V V ■t-i c, «V ■"i X r yy, > A' IjT i f;r S* S a. '< A i i Discarvery Lunch is the answer to having a gourmet meal within the limitations of a lunch hour. Help yourself to a choice of smoked delicacies, pate
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  • OVERSEAS
    • Article
      Lock icon Victory for UAW as House passes domestic content bill
      937 4 NYT THE US House of Representatives on Thursday passed, by 219 votes to 199, a bill pressed by the House leadership and the United Auto Workers, that would require that cars sold in the US be built mostly with American parts
      NYT  -  937 words
    • Article
      Lock icon Sugar prices fall to new lows in London
      168 4 AFP SUGAR prices fell to new six-month lows on the London market on Thursday, following reports that India intended to offer more sugar for sale between now and the end of December although its international agreement export quota for this year has
      AFP  -  168 words
    • Article, Illustration
      Lock icon Business leaders welcome vote
      362 4 Reuter SOUTH African business leaders welcomed the overwhelming approval given on Thursday by White voters to political reforms, but trade unionists warned that tension could increase between Black workers and White management. Businessmen said the two-to-one yes vote in the referendum, which paved the way for
      Reuter; UPI picture  -  362 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      741 4 ARRIVALS Service Local Operator Number Time From FT FT71 0040 JFK/ORD/ANC/ NRT/TPE SIA SQ11 0110 LAX/TYO CAL CD31 0150 TPE PAA PA5 0225 JFK/SFO/HKG MAS MH601 0620 KUL CV CV796 0900 LUX/DXB MAS MH671 0905 KUL SV SV386 0910 JED/RUH MAS MH811 0910 PEN CAL CQ06 0945
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    • Article
      Lock icon Lisbon opens four sectors to private enterprise
      227 4 UPI PORTUGAL'S Socialist-led government, reversing the massive nationalisations which followed the 1974-75 revolution, on Thursday decreed the opening of the banking, insurance, fertiliser and cement sectors to private enterprise. A Council of Ministers statement said the liberalising policy would be implemented so as
      UPI  -  227 words
    • Article, Illustration
      Lock icon First E German held in US
      102 4 THE Federal Bareaa if laveatlgsttoa (FBI) aa ninety M—wi the arrest sf Alfred Zebe, aa East German phyridit whe allegedly attempted to ebtala classified dicimeata en military tochael egy (ram a etvlliaa warklag with the U8 aavy. Zebe (at left la ptetare) la seea
      UPI picture  -  102 words
    • Article
      Lock icon French exports picking up
      190 4 Reuter PRESIDENT Francois Mitterrand said France was Increasing its exports and the government would continue to seek improvement in the balance of trade. "Imports have not been greatly reduced... but over the last couple of months we experienced considerable progress with French exports," he told a
      Reuter  -  190 words
    • Article
      Lock icon Uno not happy with approval of bill
      149 4 Reuter THE U8 Hnm af lepra» tativea' pHnge at a Mil which wnM reqalre mMt c ara aeM la the US to have a large pereeatage af US made parte was regrettable, Japaa's iateraattoaal trade aid ladaatry mlalster Sesake UaaaaM. Hawever, Mr Uaa
      Reuter  -  149 words
    • Article
      Lock icon Shareholders to be required to disclose stake
      365 4 Reuter THE Italian government has adopted a draft bUI to widen disclosure requirements for shareholders in quoted companies and banks, Treasury minister Giovanni Goria said on Thursday. The bill, which must now be put to Parliament, would require all shareholders with a stake
      Reuter  -  365 words
    • Article
      SHIPS IN PORT
      1036 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL Location Hang Glory ION 6.11.83 0700 Worldwide TA 3 0900-1100/1700-1900 B8/B8 Asia Star 17B 6.11.83 0700 Boustead FSB 0700-0800/0800-1000 1700-1900/1700-1900 L2/N2 L2/N2 Tam bang VII 7188 6.11.83 0800 Cahaya TA 3 1100-1300/1900-2000 B3/B3
      1,036 words
    • Article
      Lock icon US nuclear guarantee is basis of Bonn's defence policy
      363 5 UPI THE West German government said in its annual report on Thursday that the American nuclear guarantee was the foundation of the country's defence policy. The report called the political and military presence of the US in Europe indispensable because only
      UPI  -  363 words
    • Article, Illustration
      Lock icon New crisis for Hawke as minister resigns
      475 5 AFP PRIME Minister Bob Hawke yesterday faced the most difficult political crisis of his eight-month-old government following the resignation of immigration minister Stewart West from the federal Cabinet. Mr West, the only representative of the Australian Labour Party (ALP) in the federal Cabinet,
      AFP  -  475 words
    • Article
      Lock icon Japan in Asean eyes
      133 5 Reuter AT LEAST seven out of 10 people in Asean view Japan as a reliable country, according to a Japanese survey released in Tokyo on Thursday. The number was up about 10 per cent from five years ago, the foreign ministry said. The poll, conducted by
      Reuter  -  133 words
    • Article
      Lock icon Arabs set up new investment firm
      171 5 AFP A COMPANY to promote agricultural investment in the Arab world has been set up by the Second Congress of Arab Investors and Businessmen meeting in Casablanca since Monday. The company will have capital of US$l billion and will be in operation from January.
      AFP  -  171 words
    • Article
      Lock icon Boost for exports
      133 5 AFP THE South Korean government has decided to increase its export financing aid by 15 won to 656 won (US$O.Ol9 to $0.83) for every dollar earned through commodity exports as from yesterday in order to spur the nation's sluggish export trade, official sources reported on Thursday. This
      AFP  -  133 words
    • Article
      Lock icon America freezes UN contribution
      262 5 AP IN AN attempt to send a belt-tightening message to the United Nations, members of a US House of Representatives and Senate conference committee on Thursday agreed to freeze the United States's contribution to the UN for one year at US$363 million. "This is a fairly
      AP  -  262 words
    • Article
      Lock icon First fall in spending on energy R&D
      633 5 AFP OVERALL spending on energy research and development (R and D) by governments of the 21-nation International Energy Agency (lEA) was down last year for the first time since the 1573-74 "oil shock" mainly due to sharp budget cuts by the United States,
      AFP  -  633 words
    • WORLD IN BRIEF
      • Article
        Lock icon 29PC RISE IN PROFITS
        583 5 Agencies LEADING US companies achieved a 29 per cent increase in net profits in the third quarter compared with the same period of 1982, the Will Street Journal reported in New York on Thursday on the basis of a survey of 506 firms. This was the
        Agencies  -  583 words
    • Article, Illustration
      Lock icon False alarm for bomb squad
      89 5 HET.METED members of a Tokyo police bomb disposal squad approaching a paper bag behind safety shields to check its contents yesterday. Police said they found an alarm clock and nothing more in the paper bag. In a separate incident elsewhere in the Japanese capital, Japan's
      AP picture  -  89 words
    • Article, Illustration
      Lebanese leaders avert showdown
      282 5 LEBANESE leaden avoided a showdown on Thursday over the issue of Israel's pact with Lebanon by asking President Amin Gemayel to launch a new diplomatic effort to remove Israeli troops from the country. They announced agreement on a resolution »«Mng Mr Gemayel to make efforts "internally
      282 words
    • Article, Illustration
      Lock icon Student on computer break-in charge
      172 5 NINETEEN-year-old Ronald Mark Austin, a University of California at Los Angeles student, being led away in chains from a Los Angeles municipal court on Thursday after pleading innocent to using his home computer to break into a US Department of Defence communications systems. His arrest
      AP picture  -  172 words
    • Article
      Lock icon Greek ship hit by Iraqi missile in Gulf
      297 5 Reuter A (MB Tiruhisl ship tos heea Ml by an Iraqi Iraalaa part st Baadar fliaiM at the head si the OaM. A spekesmaa far the swaers, the taeWrt Csrperattsa, said three erew had been lajared la the attack area was baraed
      Reuter  -  297 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      82 5 AUCTION SALE To be held at Venus Room 18th Floor, Apollo Hotel Havelock Road, Singapore On 29th November 1983 At 2.30 P.M. 1) Brand new 8-storey flatted/godown building at Lorong Bakar Batu Lot 3274 Mukim 24 Land Area 4755 sq.m. Title —Ind 185 (Vacant Possession) 2) #03-12, Far East Shopping
      82 words
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      Page 5 Advertisements Column 2
      91 5 If golf's your game Fan-West's the name... at Centrepoint. Now in the heart of the city you can get all the winning names in golf gear and accessories under one roof. Pan-West Centrepoint. There's also a fine selection of equipment for all games. Drop by and browse around. We're open
      91 words
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  • Article
    Aiding Nature, differently
    485 6 IN CERTAIN parts of Europe, even nature reserves are not left alone. Some of the branches of tall trees are cut off to allow sunlight to reach shorter trees besides them. The intention is laudable but the irony is all too palpable. Having felled too many trees
    485 words
  • Article
    Lock icon Wars are a boon to the greenback
    703 6  -  By RON ALPE Reuter POLITICAL tension in the Middle East, Asia, and most recently the Caribbean, is promoting the US dollar as a safe haven currency, but its basic trend is not being changed, economists and bankers said. The sources, polled by Reuters
    Reuter  -  703 words
  • Article
    Lock icon Making capital of the US deficit
    784 6  -  By LEONARD SILK NYT THESE are days when great financial institutions, developing countries, the International Monetary Fund and even the United States Treasury are delving deep into their pockets and coming up with nothing much besides a few paper clip 6 and old subway
    NYT  -  784 words
  • Article
    Lock icon Kra Canal is still a dream
    569 6  -  By JOSE KITAGBAK Reuter A 200-year-old dream to construct a sea-level canal across the southern Thailand isthumus has been revived again. But, again, political, military and financial considerations are thwarting the project. Interest in the project was rekindled at a recent seminar here on
    Reuter  -  569 words
  • Article
    Children get Teamy's message
    310 6 STRAWS in the 'Wind ROMPER ROOM is a new television series for preschool children adapted for Singapore from the same series that proved successful in Australia and the United States. The star of the show is Mr Do Bee, a bee who teaches good examples out
    310 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      199 6 Q) J All yon need to know IfiiTTl H iTTH: < m 4 5g s. o 1 A* S 8 J EDITED BY ANDREW HACKER A provocative and entertaining portrait of America today —the people, the problems, the possibilities From the time the Census was mandated by the Constitution, the
      199 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      808 6 CRYPTIC PUZZLE 9 Hints it's too much by about a stone (t) 10 Favouring a movement that will take one upwards (9) 12 Come tram stones (4) 13 Deal with a pet ion at a time 14 Is "Adam, try this apple" what she says? (7) 15 Meaning it's not
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  • TIME OFF
    • Article, Illustration
      Modern dance offering
      697 7  -  By TSANG SAU YIN THEATRE du Silence, France's leading contemporary dance company, draws crowds from New York to Petrozavodsk and from Rio to Hongkong. Now, for the first time, the company is making its way to Singapore. Theatre du Silence, praised (or its "flair, imagination and style",
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      14 7 The New ENCYCLOPAEDIA BRITANNICA 3 outmodes all other encyclopaedias Call STP Distributors tel *****44/*****28
      14 words
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      Page 7 Advertisements Column 2
      110 7 ¥W@ BBSSIS M gffiWffl!®®! The Business Times Senior Appointments Every day, Business Times is avidly read by 50,000 executives in senior and middle management, Involved In every industry in Singapore communications, banking and finance, engineering, j construction and industrial, trading M and manufacturing and professional M practice. They are the
      110 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      877 7 WHAT'S ON FILMS: he Territoire des Autres (No Man's Land). Colour documentary. This is the first French film on the natural behaviour of animals in Europe made in 35-mm colour. A range of special equipment had to be invented or adapted to film them in the wild. On Nov 8
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    • Miscellaneous
      Page 7 Miscellaneous Column 2
      410 7 MALAYSIA 3 PM Quran Readng Programme Summary Bit Lean* Soccer Kimba the White Lion (Cartoon) P I (r) Hari W Daiam Sejarah: Today in History 6.10 Bmbingan Ugama: Religious Guidance 6.21 Muqaddam: Islamic Holy Book 6.48 Heidi An Outin|: Despite being told not to go outdoors, Heidi defies Clara's governess
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    • Miscellaneous
      Page 7 Miscellaneous Column 3
      327 7 L 8 BOOKS New adult fiction from the National Library and its branches: ATWOOD, Margaret Dancing Girls and Other Stories. New York: Simon and Schuster, 1982. (L, Ma) Hie 14 short stories in this book wpanri upon Miss Atwood's favourite theme the extent to which men and women in the
      327 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      281 8 Where to wine, dine and entertain 553 AfflERI with the American Express Card "if you dont already have the Card\ call *****33 for an application form" bfom^Food \jC this Sunday" "Daddy, what's Nonya food?" "Nonya food is a creative cuisine developed by the early Straits settlers. It uses Chinese ingredients
      281 words
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      Page 8 Advertisements Column 2
      175 8 "ft#iiiiu JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. I i I I i >1 rcscrrrdu >ns mi. 1 /.W/ l V>/ «*iiliii*\ 1 'ni'k S|icr:il< >11. Sinj4:i|»on The Bali Hut Coffee House is upgraded and refurbished. Now, bright and cheerful, it is open 24 hours Come
      175 words
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      Page 8 Advertisements Column 3
      257 8 We're blasting off tonight and every night at Para Wave Discotheque. Take off to the stars groove to the pulsating rhythms spun by the dynamic music makers. Sotosa Sound Services BuehMM Hour* 4 First Ortnk Chug*: Wwfcdeye S Sundeyw 9pm 2am, $17.00 Friday*. B*turday« I EwaotPuMcHoNdayK 9pm 3*n. S2OOO. Paramount
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      Page 8 Advertisements Column 4
      261 8 Adiflerart buffet everjday towhet your appetite. v f S A' ','pr't 'r.sj/.z j.y r t .4/^* ft*' "A.St UV .*<. rr*r >.» y rjuii SaM ~srer 'fa?:rry One of the biggest choices anywhere. Plus the Winery, Patisserie. Home-made ices. Real Italian Espresso. Luncheon Buffet: Daily 12 noon 2.30 pm. Dinner
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      Page 8 Advertisements Column 5
      236 8 i** ,-ai^ A pla«.c lo unw itui uUh iruiuiv 1 a i.tii 1 t.ik*nt<d b.ind\ cntcrum y«»u \v 1111 sms.jtion.il music v. hili* <m sip uvcr j c*xil druili. 10'"" discount on all drinks dutniu. happv hour- Spin 7pm dailvi Business hours: 4.(H)pm to I.ooam on weekdays, up to 2.00
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  • RAW MATERIALS
    • Article
      LONDON MARKETS
      691 9 COFFEE: Robusta futures on Thursday fluctuated in a wider range and on a higher volume than recently before, ending £15 to £23 a tonne easier in dealings of 4.208 lots. Jan traded between £1,879 and £1,846 before closing at £1,848 bid, £20 below Wednesday night's finish. Prices opened
      691 words
    • Article
      TEXTILES
      140 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa Yam: China Blue Phoenix 20's 2,900, 32's 3,000, 40*8 4,150 (per bale of 400 lbs). Psttslss Raw Cattaa: LSS 6.90, 4F 6.84, 289F 7.10, NT Roller Ginned 6.90 (per lb). CLOTH in
      140 words
    • Article
      SOYBEAN
      134 9 SOYBEAN FUTURES in Chicago on Thursday rallied in the last 10 minnt— to close 11 1 a to 2V« US-cents per bushel higher. January traded in a 24-cent range. No new fundamental factors were given for a late rally, with one trader describing Thursday's market as a hightech numbers
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    • Article
      WHEAT
      142 9 WHEAT FUTURES in Chicago on Thursday closed mixed, up V* US-cent per bushel in May to off IVi cent in September. December traded in a 4V«-cent range. Wheat futures railed off the daily lows in sympathy with the sharply higher US soybean complex. Reports that China may not fulfill
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    • Article
      Lock icon Lower estimate for world sugar stocks
      263 9 Reuter WORLD sugar stocks will be even smaller than previously expected, the British-based monthly publication World Sugar Journal said. It forecast a drop in stocks to 1.74 million tonnes raw value during the 1963/84 crop year, compared with its previous estimate of 2.13 million
      Reuter  -  263 words
    • Article
      Lock icon Commodity firms told to be cautious
      544 9 Bernama MALAYSIAN firms trading oo overseas commodity futures markets have been advised to choose reliable overseas brokers to avoid financial problems which could also affect their clients. Commodity Trading Council's (CTC) Commissioner Haji Ismail Haji Ahmad said on Wednesday that the council's inquiries revealed
      Bernama  -  544 words
    • Article
      Lock icon Brazil authorises rice imports
      456 9 Reuter THE FOREIGN Trade Department of the Banco Do Brasil, Cacez, said it has authorised imports of 298,000 tonnes of rice for the current year. A spokesman said Cacez had no figures for the amount already imported, but trade sources said 192,000 tonnes have entered Brazil,
      Reuter  -  456 words
    • Article
      Quiet tone prevails on rubber market
      135 9 QUIET and thin conditions prevailed as the rubber market moved narrowly within a three-cent bracket around the 232.00 cent (S) mark to finish 1.75 cents down on balance, Holiday, Cutler, Bath and Company said In its weekly rubber report. Fresh factors remained absent. Covering
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    • Article
      RUBBER
      68 9 RUBBER FUTURES in Tokyo yesterday closed firmer in dull trading, with prices pushed up by small-lot shortcovering centred on nearbys. November rose 3.4 yen to 270.1 and other months were 0.8 to 2.4 yen higher. April gained 1.0 yen to 264.0 yen. rubber futures on Thursday traded quietly within
      68 words
    • Article
      RICE
      316 9 SINGAPORE: The market was closed yesterday. Thursday'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 0.78, 100 per cent third class 0.76, 25 per cent new crop no stock, B-lfl per cent 0.70. THAI
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  • INTERNATIONAL STOCKS
    • Article
      Amsterdam
      149 9 nov oo ABM AiMid Pit MOO imm I Akm 1SJ0 IJ AMXT ifffi 1J Amfma 11AM f4i Amjobnk 07JO iU BoU i 33.00 MJO +QJ BorsumlJ J O M ill Burtet unch J}1) -0.1 Calr Ml lllj m—iiti SI JO MJO ♦a +u ♦e Bnnla 1O3J0 ili PfH 40.70
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    • Article
      Frankfurt
      84 9 NOV OS AjjT.Wfur Dm ikan OSuOS 141 JO +0J Hoaaeb HorUn KmnUdt KHD MJOB 17XOOB *7.00 X4X00 0 li _ZZI 160 JO -44 u HI lSJO moo ♦1 n* UUD -LI Philips Komm -i OonU Oumi Duahr-Ba nl 1XB.10 u mm XI Pmiiil R«t ST A moo 17X00 noch
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    • Article
      Milan
      35 9 NOV OS 1 Jn BuM 11&J5 -US 1360 -JO Centra* Old Cood Acqua Roma tFUhnto Flat Ord MO ♦1 Qamrall 4900 unch ■iiliu* ***** -190 urn +io Lepvtlt Ord am 4-uo hMNS Source: BCI
      35 words
    • Article
      Paris
      185 9 nov as Prs GROUP B CORBEILLE Carrafour 1300 anch Alr-UouM* m ruuncmv at L Union 7X40 M7 1306 190 46 403 >UP c 0.1 +SJ 19 I unch U Aquitaine Nat Dn Patrol* B 8 N OarraJa C 8 P (HhmmwiCI* kancala* MS aao 179.10 •1 10 06 Lafant
      185 words
    • Article
      Brussels
      86 9 NOV (8 rn Or Bru Lamb Hofco* 3300 4400 -10 +40 FORWARD MARKET Acec M -in Ptiro Ryl Dutch Sktro 5300 2360 1M0 10 +36 +00 Artwd Astur 410 1330 2110 197 Soc Ocn Belt Soflna 8O1T*J A IMS 4ffJ5 3300 -56 36 10 Bnacto Canpac Cvi unch 30
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    • Article
      JOHANNESBURG
      256 9 NOV 03 Rand luniTOTDiii a Un Steel Unlaac Wood worth ss, III unch A Alpha A hereon) AE And CI tso m no 425 2050 1210 unch unch -10 MININGS Anglo* 1K0 -30 unch unch unch Amaprop AMIC Bar low* >50 10 Bl jrroon BufTeU 1525 C O Smith
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    • Article
      Market closes lower
      985 9 New York NERVOUSNESS in the bond market spread to the stock market on Thursday, where a one-day rally came to an end as prices closed sharply lower in lighter trading. The Dow Jones Industrial Average, which rose moderately on Wednesday after slight gains on Monday and Tuesday,
      985 words
    • Article
      TORONTO
      208 9 NOV OS C$ Hud Bay Mln Imn mi 36 AMUbl 32 46 17H 27* tl* 3t* 4* -S* 4* lnra Int Prow Pipe Int UU Intl Nickel Kerr Add Loblaw B Maaaey Pen lift 36* H H Algoma Bank Mont Bank Nova Scotia Bell Tel BP Can Ltd B
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  • Article
    Lock icon More inquiries into stock lending abuses
    929 10 NYT THE RAPID growth in Wall Street's lending of stock shares has led to an increase in investigations of alleged fraud, bribery and other abuses in the stock loan departments of brokerage firms. Stock lending, as the name implies, is the lending of shares
    NYT  -  929 words
  • Article
    SHARE INFORMATION SERVICES
    3427 10 IMS Hl«k Law Coapujr Last 8ale Gr's Dhr +e*- SECTION ONE Gr's Net Dhr Y*W P/E Vel Day Or COOO) Hick Low INDUSTRIAL ft COMMERCIAL M BT Acmi 364 14S Aleom 307 148 Allied Choc 906 IM* B A T Si 410 9M Beta UO 8T Ben
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  • Article
    Lock icon New American regional telephone companies face tough competition
    1264 10 Reuter SEVEN new US telephone companies to be born next Jan 1 from the fragments of American Telephone and Telegraph Co, will rank among the 10 largest utilities in the US but success is not guaranteed despite their immense size, industry analysts
    Reuter  -  1,264 words
  • International ROUNDUP
    • Article
      GENERAL Electric Co PLC
      187 10 (GEC) shares continued to be firm on the back of favourable comment on the company by US brokers Merrill Lynch Pierce Fenner and Smith Ltd. The shares roae 5p to close at 206p on Thursday, after rising eight pence on Wednesday, on the view that the
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    • Article
      MATSUSHITA Electric Industrial Co Ltd
      80 10 said it will Increase its dividend for the year ending Nov 20 by 2.50 yen to 7.50 to mark its 65th founding anniversary. The extra payment will be presented for formal approval at Matsushita's shareholders meeting next February, the company said in a statement. The
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    • Article
      INTERNORTH
      97 10 Inc has sign- Ed a definitive agreement to sell Its Northern Propane Gas Co subsidiary to Penn Central Corp in a transaction valued at about US$lOO million. The agreement, scheduled to close at the end of November, supersedes a previously acquired option to purchase the subsidiary by Penn Central,
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    • Article
      HOOVER PLC
      120 10 said it ex- pects recovery based on new products to continue, although the high value of sterling continues to put pressure on the margins of the products it sells in Europe The group was commenting on its results for the ntn» months to Sep 30 which showed a
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    • Article
      DIGITAL Equipment Corp's
      96 10 administrative problems, which caused a large drop in the company's fiscal first quarter earnings, will take months to correct, president Kenneth Olsen told the annual meeting. Olsen said in answer to a shareholder's question that he hopes the problems will not affect results. In its first quarter
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    • Article
      RANK Organisation PLC
      64 10 shares finned up to 191p on Thursday, up six pence on the day after a similar rise on Wednesday, on rumoured plans to sell its 49 per cent stake in Rank Xerox Co, dealers said. A press report suggested the sale may be announced within a week.
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    • Article
      AETNA Life and Casualty
      75 10 Co said its Aetna International subsidiary and Bart •f East Asia Ltd, a Hongkong bank, have agreed to form a Joint venture to market life insurance in Hongkong. The venture will be called East Asia Aetna Insurance Co Ltd and will sell insurance products primarily in
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    • Article
      FINANCIER Irwin Jacobs
      82 10 said he has purchased shares of RCA Carp but would not reveal how many. "I have not confirmed to anybody what my holdings are. My holdings are under 5 per cent," he said. Jacobs added that in relation to his portfolio the holdings are substantial. He would
      82 words
    • Article
      MARTIN Marietta Corp's
      77 10 data systems business has entered the personal computer software market with a 10-program series of products for IBM and compatible low-cost microcomputers. The software is being marketed under the name "Itsoftware". The company said six of the 10-program series are now available and are devoted to data
      77 words
    • Article
      FORD Motor Co
      117 10 expects to produce 844,000 cars and trucks in this year's fourth quarter, the highest level since the second quarter of 1979, vice president Philip Benton said. In this year's second quarter. Ford produced 781,000 cars and trucks, its highest quarterly output this year. In the fourth quarter
      117 words
    • Article
      THE Bell Group Ltd's
      92 10 re- cent sale of surplus assets In Britain and the US grossed US$3O.2 million and gave rise to a pre-tax extraordinary profit of $10.4 million, chairman Robert Holmes a Court announced. The British assets were Jetsave Travel Ltd, sold to British Caledonian Airways as peripheral to
      92 words
    • Article
      AUSTRALIAN Occidental Pty Ltd
      161 10 (AOPL), a wholly- owned Occidental Petroleum Corp unit, said it will float a new company, Laurel Bay Petroleum Ltd, to the Australian public. Laurel Bay will have an issued capital of 100 million 25 cent nominal shares and 50 million options to take up shares at
      161 words
    • Article
      DALGETY Crown Corp Ltd
      171 10 plans to raise NZ$55 million through the issue of 44 million ordinary shares of 50 cents each at a price of $L 25 per share, the company said. The issue opens on Dec 19, unless subscribed earlier, with a minimum application of 200 shares, it said.
      171 words
    • Article
      SASOL Ltd
      50 10 will buy the re- maining 50 per cent of Sasol Two from the state-owned Industrial Development Corp (IDC) for 2.62 billion rand, Sasol and IDC said in a Joint statement. Under the agreement, to be formally signed on Monday, Sasol Two will become a wholly-owned subsidiary of Sasol.
      50 words
    • Article
      Lock icon DIVERSIFIED
      78 10 Agencies transport group, BramMea Msstrtes Ltd, said it has bought Grace Bros Removals and Transport, Australia's largest office and household removals business, from the Myer Emporium Ltd. Brambles said the purchase represents an important strategic acquisition while Myer, which recently took over the Grace Bros Holdings Ltd retail group,
      Agencies  -  78 words
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  • Article
    Slower earnings growth at Chemical Industries
    453 11 HHHIIS Companies Editor: ALAN LEE CHEMICAL Industries (Far East) has turned in a set of unexciting interim results after the record earnings achieved for the last financial year. During the first six months to Sep 30, 1963, the group only managed a mere 2
    453 words
  • Article
    Selected Indices
    50 11 H.K.HANG SENG Thursday 887.7 Week Ago 682.7 Friday 889.49 Thursday 866.71 FINANCIAL TIMES Week Ago 826.13 INDUSTRIALS AUSTRALIAN INDUSTRIALS Thursday unav Wednesday 7V7.8 Week Ago 694.0 Friday 883.7 DOW JONES AVERAGE Thursday 880.8 INDUSTRIALS Week Ago 882.1 ALL ORDINARIES Thursday 1227 Wednesday unav Friday 688.9 Week Ago™ 1242.07
    50 words
  • Article
    LONDON STOCKS
    832 11 SHARE prices opened mostly easier yesterday in reaction to the fall on Wall Street overnight and also on light profit with the market having moved up over the last four —to—. Bank shares firmed up to 22p against the general trend after a newspaper report that senior vice-president
    832 words
  • Article
    UMW plans technical training school in Selangor
    224 11 UNITED Meter Werks Holdings BM (UMW) Is pl'Mll te establish a special Eqsipmeat Operatises and Maiateaaaee Trailing Sehssl la Anise i*. The sehssl will be spsn Is all, especially Is rwal ysaths Is eqslp then with the accessary skills Is haadle light aad
    224 words
  • Article
    Bedford profits up sharply
    314 11 BEDFORD Plantations Bhd has reported a sharp increase in group pre-tax profits to M&.01 million from $44,000 for the first six months ended June 30,1983. After a tax charge of 50.9 per cent (79.55 per cent previously), net profits increased by 300 per cent to $516,000.
    314 words
  • Article
    Lock icon Asset sales to follow Charterhouse merger
    416 11 Reuter THE plumed merger between HIT and Northern PLC (RITN) and Charterhouse Ooup PLC will be followed by further satei at Charterhouse's industrial interests and probably some cash raising from RJTN's £300 million investment portfolio. Charterhouse chief executive John Hyde said. The money will
    Reuter  -  416 words
  • Article
    Chuan Hup clarifies Sarawak Shell contract
    216 11 THE three-year charter contract worth more th*n MHO million for the construction of two 4,000 hp anchor-handling supply vessels for Sarawak Shell has been awarded to IntraOil Industries Sdn Bhd (IOI), a wholly-owned unit of a bumiputra company, I«aiman Corporation Sdn Bhd. 101 is
    216 words
  • Article
    COMMPANY BRIEFS
    54 11 HAW Par Brothers Ltd hat changed the name of whollyowned subsidiary. MAG Property* Pte Ltd, to Haw Par Centre Pte Ltd. MALAYSIA Mining Corporation has clarified that the total quota figure at tin concentrate* lor the last quarter of this year is 1,078.8 tonnes and not LOIS J
    54 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      93 11 V w ttt urwwfl EXHIBITION AND SALE OF ANTIQUE EUROPEAF A ORIENTAL FURNITURE, CERAMICS A WORKS OF ART Gourtwwori Pwk Hotii TODAY 10a.m. to 9p.m. THE BANK OF TOKYO, LTD Singapore Branch U5530,000,000 Negotiable Floating Rate U.S. Dollar Certificates o! Depoeit Series 20 Due 7th May, 1986 In accordance with
      93 words
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      Page 11 Advertisements Column 2
      11 11 K -c\ Times Jurong. No 2. Jurong Port Road Singapore 2261
      11 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      64 11 ANY OTHER BUSINESS WEAT.HER OUTLOOK for today: Partly cloudy; with showers in several areas in the afternoon. Bepert tor 24 bean prtor to 7JI pm m Not 4 »t toe airport: Maximum temperature 27.8 Associated humidity 82 Minimum temperature 24.7 Associated humidity 97 Hours of sunshine 0.15 Rainfall In millimetres
      64 words