The Business Times, 12 November 1983

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, NOVEMBER 12,1983 60 CENTS
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  • 394 1  -  By JOHN LIM THE FORMER West German chancellor, Mr Helmut Schmidt, yesterday hit out at what he called "journalistic prejudice" over the strategic importance of the missile issue. "I hate this journalistic prejudice that the rocket question is the only one that really
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  • 176 1 Bernama UMNO vice-president Ghafar Baba said yesterday that Malaysian sultans' consent to a meeting with Umno leaders on Nov 20 "augurs well" for a settlement of the constitutional amendment issue. He said the meeting, to be held at the Istana Bukit Kayangan Shah Alam,
    Bernama  -  176 words
  • 478 1  -  By RICHARD SEAH TIGHTER control over the employment of security officers will be proposed by the Association of Licensed Security and Investigation Agencies (Alsia). The association, which represents 51 of about 120 security agencies in Singapore, sees legislation as one way of upgrading the level
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  • 461 1  -  By LEE HAN SHIH ONE hundred provision shops will have come under the Econ Minimart chain by the end of this year. Mr Chong Kar Kee, deputy managing director of Provisions Suppliers Corporation, the central buying body behind the Econ chain, said the 100 shops
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  • 625 1  -  By MONICA GWEE THINKING of a Christmas gift to remember? Richard Savage of Roselend Merchant (S) Pte Ltd has a piece of rock that might be even more memorable than a sparkling diamond. Although it will not fit under the Christmas tree,
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  • BRIEFLY
    • 69 1 Bernama THE Malaysian government may ban Malaysians from travelling to Iran. Highly-placed sources said this measure was being considered to quell the subversive activities of Iran which was trying to export its Islamic revolution through armed struggle and to topple the legitimate government in Kuala Lumpur. "The
      Bernama  -  69 words
    • 52 1 AP THE West German Parliament has approved controversial legislation offering some foreign workers a 10,500-Deutschemark bonus to go home. The legislation, which was passed on Thursday night by the Bundestag, or Lower House, is designed to ease tensions created by the "foreigner problem" and help relieve the beleagered
      AP  -  52 words
    • 56 1 Reuter BANK Negara Malaysia said its gold and foreign exchange reserves fell to M 59.51 billion in October from $10.15 billion in September. The central bank's total assets fell to $15.10 billion at end-October from $15.48 billion at end-Septem-ber, while its holdings of federal securities rose to
      Reuter  -  56 words
    • 63 1 AFP INDONESIA is expected to start exporting its first home-produced photo cameras next year, Business News reported. Lukman Kolim, president of PT Nicroh of Indonesia, said that the company is now producing the Ricoh F-3 camera under a licence of the Japanese company Ricoh, with a monthly capacity
      AFP  -  63 words
    • 80 1 UPI RELATIVES of Rolando Galman, Benigno Aquino's alleged assassin, buried him yesterday after a fivehour funeral procession cheered on by thousands of Filipinos waving banners saying "You were not the one". In the Makati financial district, about 10,000 professionals, white collar workers and relatives of political detainees marched
      UPI  -  80 words
    • 67 1 THE Malaysian Inland Revenue Department has set up a special unit to investigate the tax returns of former Bank Bumiputra chairman Tan Sri Kamarul Ariffin and three other senior officials of the bank who were linked with consultancy fees paid by a Hongkong subsidiary. An official spokesman in
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    • 57 1 AP SOUTH Korea's snowballing foreign debt servicing will jump from US$6 billion in 1983 to $8.5 billion in 1986. The country's finance ministry said the 1983 figure includes $2.5 billion in principal and $3.5 billion in interest, while the 1986 figure breaks down into $3.9 billion
      AP  -  57 words
    • 47 1 TOE Sultanate of Brunei will officially become the sixth member of Asean next month. Indonesian Foreign Minister Mochtar Kusumaatmadja said yesterday that the five Asean foreign ministers would meet in Jakarta on Dec 7 for the ceremony of the official admission of Brunei into Asean.
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  • 261 1 MORE stringent mwirw are Mag taken by the Public Utilities BmH to earb water wastage la pabtlc places. These me—area, oader the Public Utilities Bsaid (Water Sapply) (Amendments) Regalattoas IKS, are alse aimed at imprevtag and maiatalafag a high standard ef plambing
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  • 517 1  -  By BOEY KIT YIN THE Trade Development Board has helped the local printing and publishing industry to bag $8 million worth of confirmed sales at two international trade shows, held recently in New York and Frankfurt. At the Folio Face-to-Face, an annual
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  • Page 1 Advertisements
    • 209 1 ?"_%)~%*<}.]_^\<?\.>$$@_\|%%\&& URUD3 BETTER chance now for breakthrough in American IMF Bill Page I THE number of man-days lost last year through industrial accidents adds up to the equivalent of 2,000 workers being paid for not working Page 3 MORE than 100 oil industry experts from 24 countries will speak at
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    • 92 1 IT golf's your game, Pan-West's the name... at Centrepoint. Now in the heart 1 of the city you can 1 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.
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    • 3 1 See page 5
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    • 1 1 Editorial...page <
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    • 160 1 ASIAPRINT '83 An Interfama organised show Tel: *****12 Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of our own. It's not easy to turn that dream into reality. Rut it may not be as difficult as-you think. Not it Wayfoong give you a helping hand.
      160 words

  • BANKING AND FINANCE
    • 593 2 NYT CHAIRMAN of the US House Banking Committee, Fernand St Germain, has said that the logjam may be breaking up around a Bill that would increase the American contribution to the International Monetary Fund. "I believe we are close to a series of compromises
      NYT  -  593 words
    • 104 2 Reuter RECENT US attempts to regulate domestic commodity futures markets have been a failure, Robert Beale of Samuel Montagu and Co Ltd said. He told a conference of Luxembourg foreign exchange dealers on gold that the disclosure requirements set by the new US Commodity Futures
      Reuter  -  104 words
    • 409 2 Reuter TOP international bankers have reported pledges of more than US$4 billion towards a loan designed to keep Brazil, the Third World's largest debtor, from insolvency. William Rhodes, chairman of a 14-bank advisory committee, said he expected the "critical mass" of promises by
      Reuter  -  409 words
    • 296 2 Reuter MEASURES announced la a joint Stgmtm U8 statement m Itoitey Md help streagthea Ike yea ever the leag term. US Depaty Treasary Secretary Tlmethy MeNamar said la Takye yesterday that the ahaWlsa, from aext April 1, of the Japanese reqalremeat
      Reuter  -  296 words
    • 267 2 THE yen continues to outperform European currencies, reflecting the present and expected strength of the Japanese economy, says Manufacturers Hanover Trust Company (MHT) In its weekly currency review. Japan's record external account surpluses continue to grow, while inflation dropped to 0.7 per cent year-on-year in
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    • 340 2 FT THE troubled South Korean banking sector has been dealt another blow to its confidence. Korea First Bank revealed that the Kwangmyong group has defaulted on loans worth 25.1 billion won. The news came this week at the start of the first of two
      FT  -  340 words
    • 162 2 Reuter THE federal government intends limiting its borrowing in the next year or so to allow strong growth in private investment during economic recovery, Australian Prime Minister Bob Hawke said yesterday. The government is aware that financial markets could be strained by the coincidence of
      Reuter  -  162 words
    • 398 2 NYT THE World Bank, the largest borrower on the international bond markets, is embarking on major new borrowing ventures in an effort to tap previously unused sources of funds. Mr Eugene Rot berg, the bank's treasurer, said it would issue its first ever
      NYT  -  398 words
    • 200 2 THE Malaysian Highway Authority has obtained a term loan facility for US$6O million (MJI3B million) from a consortium of international banks. This loan, with a 10-year maturity period, will finance its current and future highway construction programmes countrywide. Of the total US$6O million, US$45 million
      200 words
    • MONEY AND EXCHANGES
      • 447 2 THE dollar closed firmer against most major currencies in yesterday's trading. Against the Singapore dollar, the American currency opened at 552.1320/30 and moved up 15 points to $2.1335/45. In the afternoon, however, it weakened to a low of $2.1300/10 before bouncing back slightly to close at $2.1310/20. Irtrtiat
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      • 146 2 BOOK-SQUARING yesterday pushed the dollar to a firm 234.75 yen close from an initial low of 233.80 ahead of a partial US holiday yesterday. Liquidation of long dollar positions initially depressed the dollar from its 234.20 opening and the 234.06/20 New York close after the US Treasury's successful refundings
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      • 22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 8.96 per cent.
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      • 191 2 ASIAN RATES ASIAN currency deposit interbank rates as at 5 pm on Nov 11: U8 Dollar* Offer Bid 7 days 9H 9H 1 month 9V4 2 months 913/16 911/16 3 months 9* 9* 0 months 10 9% 0 months 10 3/16 10 1/16 12 months 10 5/16 10 3/16 Dh.
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      • 46 2 RANGE of prices offered by discount bouses on Nov 11: Overnight: 3 Call deposits: 2 3 Cloiiif Buyiaf Selliac 3-month Treasury bills 2H 2H 3-month Bank bills 7 9/16 7 7/16 3 months CD 7Vk 7 6 months CD 7Vt 7 Source: National Discount Co
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      • 49 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Nov 14 to Nov 18: Offered: $110,000,000 Applied for: $182,400,000. Alietted: $110,000,000. Accepted bids: $99.34 approximately 36 per cent; higher bids in full. Average rate ef discount on allotment: 2.620 per cent per annum.
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      • 337 2 GOLD futures in Singapore yesterday fluctuated narrowly throughout the session in quiet trading before closing slightly firmer than New York levels. Total sales for the day were recorded at 111 lots while kerb volume was 66 lots. Prompt closed slightly higher at U*****.50/383.50 an ounce compared with $381/382 in
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      • 37 2 1%u* Wed New York 8.88B 8 95B 8 93S 9.0QS Zurich 8.98B 9.12B 9.03S 9.17S Frl Ttan Singapore 8.89B 8 948 8.MS 8.996 Closing price* in US dollar* a troy oune i. Source: Credit, S'pore
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      • 102 2 THE US dollar yesterday rose against other major currencies in busier late trading, consisting mainly of position squaring ahead of the partial holiday in the US. It advanced to 2.6547/54 marks from an early 2.6513/ 20 and was above New York's 2.6530/40 close, and to 2.1528/38 Swiss francs from
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      • 70 2 THE dollar yesterday opened little changed in a very quiet foreign exchange market. Opening quotes yesterday: US 1.4875/85 Can 1.8375 400 Cross 1.2356'59 D Mk 3.9575 610 DF1 4 4325 65 s Ft 3.2125 60 B FY con 90.40 60 F FY 12.0375/530 Lit 2396.55 2401.30 Yen 349.23 72
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  • Page 2 Advertisements
    • 307 2 MEMOS FOR MANAGEMENT... MEMOS FOR MANAGEMENT MEMOS FOR MANAGEMENT THE LEADERSHIP James L Hayers MANAGER'S JOB James L. Hayes The 49 articles in this superb collection In this companion volume to Memos for gleaned from James L. Hayes' highly Management... Leadership, James L. Hayes regarded "Memo for Management" columns examines,
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  • HOME NEWS
    • 367 3  -  By LOH HUI YIN MORE than 100 oil industry experts from 24 countries will speak at next year's Offshore South-east Asia Conference to be held in Singapore. The conference, from Feb 21 to 24, will be held in conjunction with the
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    • 363 3 WEST Germany's Dusseldorf Trade Fairs (Nowea) organisation is now looking towards the South-east Asian and East Asian region to attract visitors and exhibitors to its trade fairs. The project manager of Nowea, Mr Fritz Otto Theilmann, and the manager of the
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    • 347 3 CONSTRUCTION work on the Singapore Treasury Building is right on schedule in spite of the wet weather, as the main contractor proceeds with building a circular platform over the foundation shafts. Ohbayashi-Gumi, which clinched the $300 million contract in June this year, will complete
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    • 330 3  -  By AMY BALAN DATA General's desktop computers, which heralded its badly needed entry into the surging personal computer market, have appeared in the local market. Initial buyer reaction has been reported as "enthusiastic" in the United States and United Kingdom, with orders confirmed for more
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    • 111 3 IMPORTS of refined granulated white sugar will continue to be under licensing, while imports of sugar in other forms were dell censed with effect from yesterday. The Trade Development Board said yesterday that imports of cube sugar, rock sugar, icing sugar, sugar in
      111 words
    • 125 3 A FLOWER which bloomed on the battlefields of the First World War has become the widely recognised symbol for peace and aid to the families of those killed or disabled in the wars. On Poppy Day in November each year, people from the Commonwealth
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    • 161 3 UNDER the Asean-EBC Science and Technology Cooperation Programme, the Science Council is organising an Asean-EEC Seminar on Biotechnology. The theme of the Seminar is "Biotechnology the challenges ahead". The seminar will be held from Nov 14-18, 1983, at the Hotel Equatorial. The
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    • 494 3  -  By JOANNE YAP THE number of man-days lost last year through industrial accidents adds up to the equivalent of 2,000 workers being paid for not working. This shows the insufficient attention given by employers to safety and health matters, said Mr Eugene
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  • Page 3 Advertisements
    • 99 3 Hongkongßank MasterCard Gold. The Summit of Achievement. M <• I i i J, 111 mil 111 111 with so prestigious a card. Plus, of course, a certain response which is immediately evoked from those around, wherever a MasterCard Gold Card is produced. A response which signifies the recognition of the
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  • OVERSEAS
    • 466 4 UPI YASSER Arafat, cornered and outgunned, came under intense political pressure yesterday to bow off the Middle East stage he has dominated for 14 years and take his guerillas out of Lebanon. Former Lebanese Prime Minister Rashid Karame, the leading political figure
      UPI; AP picture  -  466 words
    • 415 4 NYT IRAN is seeking to sever all trade, banking and cultural ties with France, apparently in retaliation for the French sale of warp lanes to Iraq, French government officials said on Thursday. The foreign ministry said it had shut down the commercial section
      NYT  -  415 words
    • 761 4 ARRIVALS Service Local Operator Number Tine From FT FT71 0040 JFK/ORD/ANC/ NRT/TPE SIA SQ11 0110 LAX/TYO CAL CQ31 0150 TPE PAA PA5 0225 JFK/SPO/HKG BIAS MH601 0820 KUL CV CV796 0900 LUX/DXB MAS MH671 0906 KUL SV SV386 0910 JED/RUH MAS MH811 0910 PEN CAL CB06 0945
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    • 554 4 UPI Reuter RONALD Reagan, the first American president in history to address the Japanese Diet, yesterday told the country, still haunted by the devastation of World War n, that he was committed to the dream of seeing nuclear weapons "banished from the
      UPI; Reuter; UPI picture  -  554 words
    • 182 4 AFP AUSTRALIAN foreign minister Bill Hayden announced in Canberra yesterday that he would accompany Prime Minister Bob Hawke on the Thailand leg of Mr Hawke's Asian trip next week. His announcement followed several days of sharp exchanges between Australia and Singapore, a member of the Association
      AFP  -  182 words
    • 138 4 Reuter PALESTINE liharetlsa OrYmmt Arafat WtaM y» tori»; he «nM aet act ea a call toy hwet Lehaacse |Whr Baakld Imiw to leave TrtpetL. ylwTirttt* Beaton aad the gaatoattoa Vtom, Mr Arafat hU Mr Karame had a* ashed Ha to leave. He saM
      Reuter  -  138 words
    • 345 4 Reuter FORMER Prime Minister James Callaghan said on Thursday that the owners of Reuters appeared to be reneging on a trust agreement which had guaranteed the worid news organisation's integrity for more than 40 years. Mr Callaghan said in a radio interview that
      Reuter  -  345 words
    • 107 4 AFP BUSINESSES in San Francisco, California, will have to provide no-smoking areas (or employees under the terms of a ballot. The city's electors have voted in favour of a clause on the ballot form requiring businesses to arrange the < workplace so that tobacco smoke
      AFP  -  107 words
    • 973 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator GdfM FCL Location Asia Pacific 1W 12.11.83 2359 Star Shpg TA 3 1000-1200 B7 B Melatl 486 12.11.83 0700 LeoShpg FSB 0700-0900/1700-1900 L2/L2 0900-1100/1700-1900 N2/N2 L Srlmathl 10-W 13.11.83 0700 NAPL TA 3 0900-1000/1800-1900 B6/B6
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    • 346 5 Reuter SOME unemployed "guest workers" from countries outside the EEC will receive a 10,500-mark (S$8100) grant if they leave West Germany, under a controversial new law passed on Thursday. Most of those eligible for the scheme are Turks, Tunisians, Moroccans, Yugoslavs, Koreans,
      Reuter  -  346 words
    • 547 5 FT THE British government has been asked to intervene in a dispute between its crown colony the Cayman Islands and the US administration. The dispute centres on the Cayman Islands' banking secrecy laws under which it is an offence even to request information
      FT  -  547 words
    • 217 5 UPI GOVERNOR-General Sir Paul Scooo has imposed harsh restrictions on Grenada, including a ban on public meetings, arrests without warrants and the threat of press censorship, it was revealed on Thursday. The restrictions were revealed one day after Sir Paul announced the
      UPI  -  217 words
    • WORLD IN BRIEF
      • 788 5 Agencies SOME of the 80 crewmen from the drilling ship Glomar Java Sea got off the vessel safely before it sank and may now be in Vietnam, an official of the Global Marine Drilling Co said on Thursday. Gary Kott, president of the drilling company that was operating
        Agencies  -  788 words
    • 172 5 Reuter A WEST Germaa opposition spokeomnn m Thursday said ike government planned an early sell-off of Its skares In same lending oompnntoo, including Ike Volkswagen motor gronp. Uwe Jens, ckkf Serial Democratic (BPD) Party representative on Ike Parliamentary rnonomlfs Com mittoe, said the centre-right government
      Reuter  -  172 words
    • 526 5 NYT MUTUAL funds seeking long-term capital appreciation by investing abroad are gaining popularity as a possible avenue of asset diversification. Two major brokerage firms Dean Witter Reynolds Inc and Paine, Webber, Jackson A Curtis Inc have recently offered clients new funds with an investment scope
      NYT  -  526 words
    • 200 5 UPI WHOLESALE prices edged up Just 0.3 per cent in October despite strong increases in the price of fuel oil and produce and the first Jump in beef prices since June, the labour department said on Thursday. Most analysts expect 1983 to end
      UPI  -  200 words
  • Page 4 Advertisements

  • Page 5 Advertisements
    • 235 5 <k Baume Mercier GENEVE 1830 > £1 y/Ys/// f l: ;i!_ li L'. The symbol of your success... Riviera by Baume Merrier. The noble elegance of solid gold, combined with a design for active living, make ownership of this handfinished, limited edition timepiece a privilege reserved for connoisseurs. Models are
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  • 488 6 SECURITY guards don't need arms; they need brains. With this thought in mind, the Association of Licensed Security and Investigation Agencies has set out to upgrade professionalism in the security business and improve the industry's image. It is hoping that security officers can be regarded as
    488 words
  • 824 6  -  The National Productivity Congress '83 By KOH TZE YING EFFECTIVE training of staff is what gives a company a competitive edge over the others. This was the view of Dr James Thurber, director of education and development at Westinghouse Electric Corporation,
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  • 1171 6  -  By TSANG SAU YIN PROMOTE an excellent worker to supervisor and what do you get? If you have made the wrong choice, you get a poor supervisor, and you have lost a good worker. This is one terse example of the pitfalls awaiting managements anxious
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  • Page 6 Advertisements
    • 122 6 The next best thing to having a doctor in your family. I I Exercise Relaxation dThe 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 the right action When to call
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  • Page 6 Miscellaneous
    • 782 6 I mm m m CRYPTIC PUZZLE ACSOfIB 9 Think a meat diet is wrong (8) 10 Left out the file? Shame on you! (3) 11 Get out of breath! (6) 12 Great excitement about the power cut 13 The chirping of the mocking-bird, ii it? (7) 14 Go off with
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  • TIME-OFF
    • 1264 7  -  By MONICA GWEE ONE OF the unexpected hazards, or pleasures of supermarket shopping in Singapore is a lady with a bottle and glass, and occasionally, an ice bucket. She stands at the end of the aisle, tempting passing shoppers to try a cool Moselle, or a
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    • 608 7  -  By Monica Gwee TREAD softly into the canvas world of Alfred Defossez for his universe does not take kindly to Life, circa 1963. Defossez, 51, spent the better part of this year escaping into Mediterranean land and sea scapes and celebrated race horses. He emerged
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    • 331 7  -  By Chris Yap HONGKONG artist Mui Chong-Ki, 43, took two trips to China and dutifully recorded his impressions in sketches and woodcut prints, titled Memories of China. This comprises 20 woodcuts and 80 charcoal sketches now on display at JT Gallery at Tanglin Shopping Centre till
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    • 402 7 [OOPOOO IF YOU got pricked by Ute Meyer's needle at Singapore Apparel '84 this week, you might not be the first to feel the sting her pockets will probably feel it faster than your nerves. For every needle that the fashion designer pins
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  • Page 7 Miscellaneous
    • 854 7 TiV&WWDTO 1 SINGAPORE 5 h 1.00 PM Opening Mowed by Sesame Street: Let's have fun learning the letters "P" and "R" and the number 7. 1.55 Doctor Snuffles (Last episode) 2.20 Dances of the World Germany 2.35 Saturday Matinee Double Trouble: More Elvis antics, music and hip movements. 4.10 ABC
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    • 609 7 WHAT'S ON EXHIBITIONS: The Emergence of Bukit Ho Swee Estate: From Desolation to Progress. Altogether 170 exhibits including photographs, documents, maps, building plans and newspaper headlines, tracing the development of the estate since 1910. At the Kim Seng Community Centre till Nov 23. Admission free. Paintings, drawings and sketches of
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  • Page 8 Advertisements
    • 1057 8 Where to wine, dine and entertain BUS with the American Express Card "if you don't already have the Card, call *****33 for an application form" "Daddy, what's Nonya food?" "Nonya food is a creative cuisine developed by the early Straits settlers. It uses Chinese ingredients with Malay seasoning and cooking
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    • 163 8 iy»f m u1 «s,rv« A great place to un\s ind u ith triviuls. ,et our 2 talented bands efitertaiti you with sensational music while >ou sip over a c«x>l drink. 20'?'. diseount on all drinks during, happy hours (spm 7pm daily} Busmen houn: weekdays, 17*1 For information reservations, please call
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  • RAW MATERIALS
    • 1131 9 COmos: Robusta futures yesterday declined on mixed selling and profit-taking from opening gains of up to £9 to end a very quiet morning session £2 higher to £4 lower. Physical activity remained quiet. Traders said offered prices of Ivory Coast Grade Ones for November varied between £10 and
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    • 159 9 CHINESE Pr«iie« Exefcaage, flappm, fitting prices per IN kg yesterday. Ceeeaat «II: Bulk fob 1165.00 sellers, old drum (in second hand drum) fob $178.00 sellers, new drum fob $182.00 sellers. Cepra: Mixed (loose) $96 buyers. Pepper: Muntok white pepper fob Asta NLW $600.00 sellers, Sarawak white pepper faq
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    • 193 9 YARN and cotton price* were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettaa Yarn: China Blue Phoenix 20'« 2.970, 32's 3,300, 40'» 4,400 (per bale of 400 lbs). Place Gaaia: China Butterfly and Globe Brand unq. Dragon Head unq, Five Lamba unq. Flower and Butterfly
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    • 307 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second class 0.78, 100 per cent third class 0.76, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.61, Special 0.55.
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    • 291 9 THE RUBBER market in Singapore yesterday closed slightly higher with December One RSS buyers quoted at 236.50 cents per kilo, up half a cent from Thursday's close. The morning session was marked up two cents on speculative short-covering of December One RSS and steadier London advices. Prices slipped 1.50
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    • 286 9 RAS prices In eente per kilo yesterday: M... n. (P«r kilo) flsDiw (per kilo) lot. 1 R.S.S prompt f.o.b. 235 25 Int. 1 RS.S December 237.50 IMl 1 R-SS January MOJO Int. 2 RAS. 231.30 UK/Coat 230 30 Int S RAS. 227.30 UK/Out 2X50 lot. 4 R.S.S 219.50
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    • 102 9 NOON 88R aad SMR prim] r-whr ■AS S8R30 SSI* SO (ltaa paD« (I-IM imOM (Cvnal wim S D ***** D 1M 00 bar Mtfc) lUan 303 OON *****N gmHI MM tlfff fjf ■an 304. SON 30SJON SMRCV SMR L SMR 5 SMR CP SMR 10 (1-taHh (lm
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    • 239 9 THE RUBBER market continued to trade narrowly during the shortened trading week, edging up to finish IV4 cents better overall, Helliay, Catter, Balk A Ce said in its review of the Singapore and Malaysian rubber markets for the week ended Nov 10. Turnover
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    • 31 9 Rubber: Nov 11 Singapore: December: 236.50 (up 0.60 cent) Malaysia: December: 260.00 cents (up 0.25 cent) Tin: M 530.17 per kilo (up one cent) 160 tonnes (up 19 tonnes)
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    • 69 9 THE Straits tin price in Penang yesterday rose one eent to Mstt.l7 a kilo, within the ITA lower range ef Ms 2 t.l 5 and Dealers attributed the rise to continued firmer Leaden advices and streng support frem the bolter stock manager. Small demand by Japanese and local
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    • 396 9 Agencies THE PRICE of pepper is expected to more than double over the next few months because reports of a world shortage hsve pushed wholesale prices to the highest levels in more than 25 years. Reports of poor crops in Brazil and Malaysia and
      Agencies  -  396 words
    • 120 9 THE Malaysian crude palm oil market yesterday closed lower on short-selling in anticipation of weaker soybean prices following a higher USDA soybean production estimate. In Nov, central and south fell MJ11.50 and Mslo respectively to M 51,300 a tonne while in Dec south lost MJ7.50 to M 51,252.50
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    • 135 9 MOST SOYBEAN futures in Chicago on Thursday closed IV* to six US-cents per bushel lower, with distant November up V« cent. January traded in a sevencent range. Late local short-covering boosted futures slightly off the lows. Thin, local speculative selling weighed on prices through the morning. Spread buying of
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    • 132 9 WHEAT futures in Chicago on Thursday closed iv« to two US-cents per bushel lower in extremely light trade. December traded in a 2^«-cent range. Scattered locally-domi-nated speculative selling weighed on futures throughout the day. Negative sentiment generated by the lower corn and soybean markets added to pressure. A wire
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  • INTERNATIONAL STOCKS
    • 167 9 NOV M m COEBKILLK Atr-Uquid* AqulUln* Nat Dm Pttrote B 8 N Oarrmis PmiKmt no i«i m M30 1J C 8 T (Tbomaoo(S'nioeatm dM Pwirolee Cndtt Foodtr 11» 1MB 15 De Franc* m ♦1 HacbaOa (Lttrairta) MlcbaUn (B) Omnium 1MB CM Ml ♦7 15 15 P«ufiol Ph3pe (N» On
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    • 162 9 NOV M O A MUM Mean 46* Alton* X -1 Bulk Moat w* tt Bank Norm Scotia 43 Ml T.I 11* H BP CM Ud J Can lap Bk Can Pm M| 91H M Cannae Carunc OTC*ef#_ m% a« -H CmM Rd Lk Cn BUut CI A PwtlMf a«
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    • 61 9 NOV M Dai KfcT"**™*- Si 1-1 1J tu Pnwiin—nt uut +0J Coou Oumml uuo 0J n«iiif-B»n« mux Dntaeln But SUM 14 122 Imw ♦1 Hnaarh HJO -0J Horun Kantadt w- 1 OJ 3 ■Hit 1 til TTTH frr" rrr~ »n *r A 171 JO WjOB -S ♦1 -ft* M6J0
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    • 78 9 mov to m FORWARD MARKET A«e M Arbad im *X ■rsecsn i«s SST 5? -j IS 1 Dm Bear* Ot ur ich ItoetroM mh so SO Ob-Inrvo-Bm Ml S0 O** WM Or Bra Lamb BM Hotok «aac P*»o 5710 Ryl Dutch KM ■no IM Soe Oan B*lf 1MB Bonn*
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    • 160 9 Action* M— MB 1 7« unch 364 1M0 -1 -M Z1H S •J. I 1 «1 JK3P 1790 -5 »i 1 8pm M4 6 ie 2146 TflJ;!.!IVJB «M •I 10 Oaort* Plachar Br I MB Olobui Pc unch Hero «M^ Hoffman La Roc be 1/1# wm HoMartank Br TOO
      160 words
    • 55 9 NOV M Llr» 100 -X H-j&g ISO na MOJO WOO -100 -L5 n« on lllllllll -3 Oim in m» IUteamaU Ord IUUfU LapaUt Ord UtdMuct one) J 00 -U -100 -UK m «t -a MOP onch SBt unch xm -ft 1451 +11 -j 331 -1 750 unch 1M6 -IS
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    • 221 9 NOV F land INDUSTRIALS A Alpha sass Abareotn MB uneh AS And CI •10 +N 400 unch Amaprop amic mo uneh BATIOWI r r» smith 1*0 SIM unch CNA Com* nuoct P3*VOU W unch *0 unch -5 00 uneh Puclt *0 MM* -5 Lit. Main. UN unch Lonrho I.TA
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    • 166 9 NOV 10 ru ABN MOJO Li AboU 107 JO -LI Akao TTJO !J AMKV Amtu uuo U0J0 0J 1J Amrodnk yijo 0J Jim 4-12 Bote 040 4i BonumlJ 215-00 «U0 I +u BwtM 11 JO -fOuO r—I-~I ttJO moo aneh DM Ml) 17 JO .j y Banter 432.00 40
      166 words
    • 1206 9 NEW YORK STOCK PRICES on Thursday closed only slightly higher as a technical rally faded. The Dow Jones Industrial Average rose as much as seven points in morning trading but then lost momentum and finished the day with an increase of only some 3.25, at about 1235.90.
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  • Page 9 Advertisements

  • 2323 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Times Settlement Contracts are quoted after
    2,323 words
  • 3330 10 la Hick MS Low Coapuy Last Sale 4-or-Gr*s DW Div CVr Or*s YTd Not P/E Vol COOO) Day High Low nci TON ONE nnXMTOAL A COM] mac 1AL sm sm MB MB ASM Choc sn 4-4 U SJ MuB AS LB IS LB 4J MAS 8SA ■1
    3,330 words
  • 128 10 IW IW» U/l« ThaCmmmta u"Ui MM—MfTWK n> ut sji r—o*d ypore Prof Pnad L« Ul S'pore Fd (U8|) LM OJI rptn*c.rmd Ul U SI U4 Ul S-pcnlmMrM Ul U9 S*P"« Ul LTC-AFT UNIT HOT Mil IavMt fM 111 SJI LTCAFT tar Ttm Ml U7 Hal Prof IM L«
    128 words
  • 1715 10 BID and offer price* officially luted and bull nee* in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in bracket* In lot* of 1,000 unit* unless otherwise specified. DMHUU iLm OmTm) a) 1* (M) r«(5) m AMD (IMB UB)
    1,715 words
  • 515 10 -BBABB prices ea ttoSl^» *TmS« volume of tradtog. At Mo etostag Ml, the Btralts Tlaei ladastrtol Sui. Tl" goZi?tn pißtmi." 1 pSMBIIoa»hMtMkM ui pk af Ui pstote. Iks ssr"-' ABohoio trUli| oov Am Sit" sitogiitker'% priee gatoero agnlant eaty M MM, Tko M—MM *»UMj uM,i eptkatotle
    515 words
  • 529 10 AN ATTEMPTED rally fizzled out as interest faded In late trading on the Kuala Lumpur stock market yesterday. Overall, prices were slightly above the previous night's close but closing prices were generally off their day's best levels. Trading had opened on a steady note
    529 words

  • COMPANY NEWS
    • 784 11 UPI BRITISH stockbrokers will soon be tree to negotiate commissions as a result of far-reaching structural changes agreed upon between the London Stock Exchange and the Department of Trade and Industry. Pressured by the government, the stock exchange recently committed itself to open commissions
      UPI  -  784 words
    • 1178 11 NYT US WEST was the first of the new regional telephone companies to choose a name, the first to embark on a splashy promotional advertising campaign, which cost $2.5 million, and the first to announce new subsidiaries and a board of directors.
      NYT  -  1,178 words
    • INTERNATIONAL STOCKS
      • 102 11 said it expects its results to continue improving after reporting nine month pre-tax profit of £43.8 million against £24.3 million in the same 1982 period. Difficulties in the US market are likely to persist for the time being, though there are some hopeful signs there.
        102 words
      • 137 11 said no event has occurred which would change the outlook (or the fourth quarter, in spite of a published report that the company is uncertain whether fourth quarter net income will increase. In a statement, the company said "Media comment with respect to uncertainties as to the fourth
        137 words
    • 228 11 KINTA Kellas Tin Dredging PLC has put up an encouraging performance (or the first six months ended Sep 30,1983. The company was recently taken over by a consortium comprising Syarikat Siah Brothers Trading Sdn Bhd, Syarikat Manong Sdn Bhd and Kim Hing Construction (PK)
      228 words
    • 22 11 CONSTRUCTION aid Supplies Hum BerM: EGM to be held at 44. Jalan Gopeng, Ipoh on Nov 16 at 10 am.
      22 words
    • 301 11 PLANTATION and property-based Lingui Developments Bhd is confident that the group's results will be better for the current year compared with the previous financial year ended June 30,1983. Chairman Mr Fann Gau Chit notes in his latest annual statement that palm oil prices have
      301 words
  • ASIAN STOCKS
    • 326 11 HONGKONG STOCKS yesterday recovered from early losses to close generally higher in moderately active late trading. Prices see-sawed around Thursday's levels in the morning session before the recovery. Dealers noted some chart support around the 830 mark of the Hang Seng Index. The Hang Seng Index closed
      326 words
    • 394 11 SHARE prices yesterday closed higher with blue chips and populars leading the way following the advance on Wall Street. The market average added a provisional 61.39 to close at 9,305.63 after falling 52.86 on Thursday. The market was supported by an agreement reached on Thursday between
      394 words
    • 79 11 NOV II ■mm AcoJ* Mining Anclo Phil Ami lllnlnc B iiiu KIH if Ml unch OK unch Buulo Ootd Buic P*m>teum Bniwt Con B rS» Fim Phil Hides Lapaato a 1U 1 Ul -MO in -01 00m unch liarlnduqut B Minutl Orlnltl B Phil fx Phllax B Ptmf. R
      79 words
    • 116 11 SHARE prices yesterday closed irregularly lower in quiet trading. NOV 11 BahU Aokhan Thai AnUiin In* And Trust Bangkok Bank w 4 Banc lit Ajrwutft IXd us 4-1 BXI J ucker Cbaroona Thai W1PV> 419 -4 Plrwtonc I I rint Trust St IS -14 Ooodyaar Industrial Finance Corp Jalaprattaan
      116 words
    • 381 11 BANKING issues yesterday held the spotlight as industrial stocks surged ahead in active trading on Australian share markets but selling in the mining sector weakened the overall impact. By the close, the AllOrdinaries Index was up 3.6 points at 712.5 and the All-Industrials Index was 8.9 higher at 913.4.
      381 words
  • Page 11 Advertisements

  • Chief Price Changes
    • 174 12 Rises Toshiba soo >30 T Harbour 400 30 Ludatrki H 50» 314 28 Priaia 960 25 8 N P L 900 25 Larat Tla 332 22 Ttatriok 586 15 Bedford 60« 302 14 C I Holdla«a 300 14 81a Lia 271 14 Paper Products G K Lif 300 12
      174 words
    • Article, Illustration
      161 12 Rises Sg Bert 850 55 Talam 920 +30 CASH 965 +25 Landmarks 342 +22 Dutch Baby 545 +20 U 0 Land 266 +18 Bedford 400 18 Sim IJm 296 16 Larut 362 16 Austral Amal 540 +15 Toshiba 630 15 UM Flour 725 15 Sel Dredge 476 12
      161 words
    • 51 12 H.K.HAN G SENG Thursday 708.9 Week Ago 888.9 Friday 844.94 Thursday 837.27 Week Ago 888.49 FINANCIAL TIMES INDUSTRIALS AUSTRALIAN INDUSTRIALS Thursday 720.8 Wednesday 721.8 Week Ago 714.7 Friday 913.4 Thursday 904.5 Week Ago 883.7 DOW JONES AVERAGE INDUSTRIALS ALL ORDINARIES Thursday 1236.87 Wednesday 1232.52 Friday 71Z5 Week Ago
      51 words
  • 367 12 Bernama ARAB-Malaysian De ve 1 opment Bank Bhd (AMDB) plans to become the top leasing group in Malaysia, managing director Datuk Malek Merican said. He said AMDB is already the country's top merchant bank and is now working to occupy the top
    Bernama  -  367 words
  • 175 12 FOR the second time this month, DBS Bank has reported a case of share forgery, making a total of three cases so far this year. In an announcement to the Stock Exchange of Singapore yesterday, the bank said it has reasons to believe that a total of
    175 words
  • 893 12 SHARE prices yesterday were mixed in «mail volume at the outset with the market generally untested and no features noted. Gold shares were marked lower by as much as US$l following a fall In the bullion price. Equity leaders were occasionally mixed but with an easier bias. ICI
    893 words
  • 383 12 FOLLOWING the suspension in the trading of its shares on the Stock Exchange of Singapore, Malaysian Feedmills Ltd has disclosed that certain directors of the company have been approached by parties interested in acquiring control of the company. This announcement follows
    383 words
  • 532 12  -  ■Mill H Companies Editor: ALAN LEE jj By CHAN OI CHEE THREE new parties are vying for United Engineers Ltd's 44 per cent stake in its Malaysian associate, United Engineers (M) Bhd. This follows the exit of earlier interested parties for various
    532 words
  • 250 12 THE restricted share offer from Mulpha International Trading Corporation Bhd (MTTC) of 24.59 million ordinary shares of 50 cents each has been well over-sub-scribed. Latest figures available show that the offer has been over-subscribed by at least nine times. However, it is likely that the over-subscription
    250 words
  • 88 12 BEDFORD Plantations Bhd said it will use the MH6.35 million to be raised from the proposed two-for-one rights issue to finance Phase Itoree of the Taman Sri Ukay housing project. The project is being developed by Hampstead Corporation Sdn Bhd, a property company acquired by Bedford in May
    88 words
  • 104 12 METAL B« flhpptrc IM has reported group pre-tax profits of $5.72 million ($4.25 million) on sales of $64.88 million ($63.9 million) for the six months ended Sep 30, 1983. Directors have declared an interim dividend of 5 per cent less tax payable on Jan 4 to members registered
    104 words
  • Page 12 Advertisements
    • 21 12 Bast quality with Lowest price Taiwan Handarsan MF6 Ca.,Ltd. P. 0. BOX 46-148 Taipei Taiwan, R.O.C Te1ex:***** HANDRS Tel: (02 *****96-8
      21 words
    • 433 12 A gilt-edged investment for the year ahead Ss6s per set As an executive in the fastest growing economic region in the world you have to be one appointment ahead of your competitors all the time. The 1984 Times Diary has been carefully designed as a gilt-edged investment for the region.
      433 words
  • Page 12 Miscellaneous
    • 3 12 ANY OTHER BUSINESS
      3 words
    • 56 12 OUTLOOK for today: Rain in several areas during noon. Beport for 24 boon prior U 7J9 pm on Nov 11 at the airport: Maximum temperature 31.1 Associated humidity 76 Minimum temperature 24.7 Associated humidity 98 Hours of sunshine 4.60 Rainfall In millimetres 1.1 Total rainfall for the month 88.2 Total
      56 words