The Business Times, 10 December 1983
1983-12-10
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The Business Times
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Title Section11 1983-12-10 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, DECEMBER 11, I*B] 60 CENTS11 words
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416 1983-12-10 1 AMY BALAN - By AMY BALAN IN JUST over a decade, Credit POSB has cornered 25 per cent of the $2 billion bousing loan market. According to Credit POSB, the lending subsidiary of the Post Office Savings Bank, loans outstanding now total more than416 words
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198 1983-12-10 1 AN EX-CHAIRMAN of the Ngee Ann Polytechnic Council and an architect were charged in court yesterday (or allegedly cheating the National Development Minister and the ministry's executive planners. Businessman Kee Choo Cbong, S3, is accused of trying to cheat the ministry's deputy director, Development198 words
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638 1983-12-10 1 NAJEEB JARHOM - By NAJEEB JARHOM SINGAPORE'S depressed hotel industry is about to witness a major takeover bid for one of the largest and most prestigious hotels which could cost the successful bidder anything up to $160 million. This exciting development follows the decision of638 words
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455 1983-12-10 1 BHAHRIR ARIFF - By BHAHRIR ARIFF THE INTRODUCTION and implementation of some form of protection for minor inventions will generate a high degree of innovation in a small nation such as Singapore. This was stated by Madam Ang Koon Hlang, Registrar of Trade Marks and Patents, who455 words
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300 1983-12-10 1 THE Public Utilities Board will rely on $288.3 million worth of loans and supplier Credits to help finance its development projects next year, which will total a massive $543.7 million. This expenditure, about 10 per cent higher than the current year's300 words
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BRIEFLY
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Article93 1983-12-10 1 SINGAPORE Airlines' future growth will not be as rapid as it has been before. This warning was sounded by its deputy chairman, Mr Lim Chin Beng, during the SIA World Marketing Conference which ended yesterday. Tough decisions and plans may have to be made in certain areas which93 words
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Article80 1983-12-10 1 PRIME Minister Lee Kuan Yew sent a letter of condolence to New Zealand Prime Minister Robert Muldoon yesterday, expressing his sympathies at the passing away of Sir Keith Holyoake. In his letter, Mr Lee described the late Sir Keith as an outstanding New Zealander with an earthly touch,80 words
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Article29 1983-12-10 1 THE next parliamentary sitting will be on Dec 20. Road taxes, bus fares, educational streaming and the HDB waiting list are among the issues to be discussed.29 words
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Article68 1983-12-10 1 Reuter NATO foreign ministers, meeting after the Soviet Union suspended talks on nuclear disarmament, yesterday appealed to Moscow and its allies for an open, comprehensive political dialogue. In a declaration issued at the end of a two-day meeting in Brussels, the 16 ministers said: "We urge the countriesReuter - 68 words
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Article88 1983-12-10 1 AP THE US dollar soared to all-time highs against the British pound, French franc and Italian lira yesterday after US Treasury Secretary Donald Regan warned that US interest rates would remain high Gold prices plummeted amid fears of selling by Opec nations. The US unit, which hasAP - 88 words
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Article79 1983-12-10 1 PALM oil prices firmed yesterday amid fears of tight supplies after heavy monsoon floods in north-east Malaysia. Traders in Kuala Lumpur said palm oil gained M 521.5 to $1,396 a tonne for nearby December. Refiners said they expect the flooding, in which U people have died79 words
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Article69 1983-12-10 1 AP CHINA has reported its outstanding foreign debt for the first time, listing it as US$3 billion at the end of September. The magazine China Finance (Zhongguo Jinrong) said in its December issue that the outstanding debt figure would be reported regularly starting with 1983's third quarter.AP - 69 words
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255 1983-12-10 1 WHEN the fereiga exchange market rwpwi aa Nwdkjr, the Stegapere daUai- is expected to weakea against toe AastraUaa dellar, which has been allewed to ftoat, toUewiag heavy speealatton af aa Imminent revalaattoa. Tradlag in AastraUaa «attars was saspended the whale if yesterday.255 words
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273 1983-12-10 1 THE Singapore stock market rallied sharply again yesterday on continued optimism of a solution to the Malaysian constitutional problem. On the widely-followed Straits Times Industrial Index, the market put on 14.27 points more to 968.99 while the broader-baaed Business Times Composite Index moved273 words
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216 1983-12-10 1 TWO crucial meetings have been scheduled for this weekend to break the deadlock over the Malaysian Constitutional Amendment Bill. Malaysian Deputy Prime Minister Musa Hitam will meet the Sultan of Johore today and the King will meet most of his brother rulers tomorrow. The216 words
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Page 1 Advertisements
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Advertisement222 1983-12-10 1 Leisu retime... Boat-Asia 9 84 S.E. Asia 4th International Exhibition of Boats, Pleasure Crafts Ancillary Equipment 19 22 JANUARY 1984 WTC An Interfama organised show Tel: *****12 rasa THAILAND is likely to revoke the operating licences of ailing finance companies Page t THE Housing and Development Board is encouraging building222 words
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Advertisement88 1983-12-10 1 If golf s your game, Pan-West's the name... at Centrcpoint. Now in the heart 1 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 J selection of equip- J mem for all games. I Drop88 words
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Advertisement168 1983-12-10 1 £ir Sporcx-Asia '84 Asia sth International IIT nx\JM Exhibition of Sports Equipment Leisure Goods 19 22 JANUARY 1984 WTC An Interfama organised show Tel: *****12 *;&^.%<:,*&|-<-{/=_([(&'(]::._" Wishful thinking? No! Wayfoong thinking For most of us, the buying of a new car is one of the largest purchases we'll make in168 words
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BANKING AND FINANCE
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372 1983-12-10 2 Reuter THAI Finance Minister Sommai Hoontrakul said the Bank of Thailand would soon intervene in the operation of many financially troubled finance companies in the country. Mr Sommai said after meeting leading bankers on Thursday that the central bank would take decisiveReuter - 372 words
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342 1983-12-10 2 Reuter WEST Germany's central bank believes bank regulations should be tightened in the planned amendments to the country's banking laws. Bundesbank president Karl Otto Poehl said he would not wish to see a special law resulting from the near-failure of the private bankersReuter - 342 words
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311 1983-12-10 2 Reuter THE current level of the US federal funds rate, at around 9Vi per cent, does not necessarily suggest that the Federal Reserve recently enacted a slight tightening of reserve availability, New York credit market analysts said. Seasonal pressures were oftenReuter - 311 words
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Article197 1983-12-10 2 Reuter BRITAIN is still not planning to Join the US$2.5 billion package of government export credits to Brazil, although it has given Brazil significant financial support. A Sao Paulo press report had earlier said that Britain would provide Brazil with $850 million of suppliersReuter - 197 words
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200 1983-12-10 2 NYT BANK sI Korea, Besth Korea's central baak, te nasldfirlag providing special faads la Che-Heaag ease Its fhanrlsl sf the The exact ameaat sf the fawls will be decided ttts M tato"lVuh CW-Beaag Che Heaag Is the ceaatry's fifth largest i eialNYT - 200 words
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286 1983-12-10 2 MERRILL Lynch, the financial services company, has announced the formation of an Asia-Pacific Division to oversee its operations in the region, including Singapore. The move completes a new international management structure designed to provide greater support to overseas markets. Operating as a unit of Merrill286 words
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Article572 1983-12-10 2 Agencies FO REIGN tending by banks worldwide can be expected to grow 8 to 12 per cent each year in line with their growth in capital, US Federal Reserve Board governor Henry Wallich said. Mr Wallich, addressing a financial conference, said this tending level is far below theAgencies - 572 words
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218 1983-12-10 2 APF HONGKONG'S Mass Transit Railway (MTR) signed an agreement to borrow HKJ2 billion, its largest ever loan, the company announced yesterday. The money, raised through a syndicate of 37 hanks from all over the world, is to be used to finance theAPF - 218 words
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Article37 1983-12-10 2 DBS Bank will be opertg three new branches over the next lew weeks. To start off with, a DBS Bank branch will be opeasd today at Parttway Parade, at Marine Parade Road 937 words
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MONEY AND EXCHANGES
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Article486 1983-12-10 2 Trading at the local foreign exchange market yesterday was focusaed on the Swiss currency. The American dollar opened and remained firm against major currencies throughout the day. Against the local unit, the greenback opened at 552.1310/20 and was traded to a high of $2.1335/45. It then went down486 words
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Article130 1983-12-10 2 HIGH US Interest rate*, and expectation they will stay firm, pushed the dollar higher yesterday. "Fed policy remains unclear, but expectations of continuing firm rates boosted the dollar," one Japanese dealer said. The dollar rose to 2.1990/ 2005 Swiss francs from 2.1960/80 in New York, to 2.7430/« marks from130 words
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Article22 1983-12-10 2 THE arertft rata at which major Singapore banks are currently prepared to lead to their boat customers is 8.96 per cent.22 words
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Article161 1983-12-10 2 ASIAN ASIAN currency deposit interbank rates as at 5 pm on Dec 9: 7 d ajn 1 month imonttu 3 months 6 months months 12 months US Mhi Offer M 11/16 103/1* 101/1* 10* 10* 10S/1* 103/1* 10H 10* ion/i*io*/i* 10H 10* DMHM 1 month 3 months months 12 months161 words
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Article34 1983-12-10 2 RANGE of price* ofle red by dtr count houae* on Dec f: OvmUftrt 3 Call deports 1 1 (Mi S- month 1 1 MN 1H 1 US/It 7H 7H Source: National Discount Co34 words
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Article57 1983-12-10 2 THE dollar yesterday quickly scared new highs against a number ot European currencies. Opening quotes yesterday. US 1.4357/17 Can -17*6/27 Cross 1.2472/75 D Mk -3.*M/53 D F1 4 41«/* SFY-3.M54/* B FY COB-7».»/».» F FY —11.9*4/17* Lit n*.*/n*.4o Yen «36.71/3*21 D Kr —14-2*o/2*2 N Kr —11.1413/1532 S Kr 11.53*/Sl#57 words
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Article313 1983-12-10 2 GOLD fatiaos la Sh«apor( jaatintoj ctoaed dlfMj Mgber am thirty active Aort-covcr-lag aad physical <—i tram Japaa aad the Middle Ea« ta moderate tradteg. Total aatoa for the day was ZD lota while kerte noted SB Ma i I rTOCnpl CKHnI lufnuj nif»er at UaqftJl/«LJI aa one* agaiast $«.00/».«313 words
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Article32 1983-12-10 2 lkn M Nrw Tork MB MB i.« MR Md MB MB MB MB PM ta I4B MB MTS tJU CVatac print la US Mm a troy ouncr Source: Credit, S'pore32 words
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Article111 1983-12-10 2 THE US dollar mmd slightly from early levels in very thin late trading yesterday, but was well above Thursday's late rates. Dealers said firm US interest rates, with little prospect of a major decline in the next few months, supported the US unit. Major US economic data next week111 words
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Article63 1983-12-10 2 RESULTS of tender held yesterday for 91-day Mils (to be issued from Dec 12 to Dec 16) and 182day bills (to be issued on Dec 12): t1-ta»Mh Ml ttay MM* OUm mix C«.OM.MO ao.m.m Ami M tar: sanjn.m wo® a® AM tai: S3I.M.MI AM ptaiMfe: «HJB fTT63 words
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Page 2 Advertisements
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Advertisement894 1983-12-10 2 —Economics Finance titles from the Singapore University Press Sourcebook of Singapore and Malaysian Company Law by Philip N. Pillai This third supplement is the last supplement in the series. It is proposed that a new edition be prepared which will incorporate and update all materials. For the convenience of users894 words
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HOME NEWS
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Article, Illustration477 1983-12-10 3 LEE HAN SHIH - By LEE HAN SHIH THE Housing and Development Board is encouraging local contractors to provide better accommodation for their workers. A board spokesman said yesterday that the traditional timber structures used to bouse construction workers are sot decent enough and are Often put477 words
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384 1983-12-10 3 JOANNE YAP - By JOANNE YAP THE tight labour market in Singapore has forced Flextronics Incorporated to expand its industrial grade computer board assembly activities in Hongkong. At a time when the political situation in the colony is not exactly very encouraging, Mr KK Chung, vicepresident and general384 words
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302 1983-12-10 3 LISA LEE - By LISA LEE MITSUBISHI Corporation and Fudo Construction are working Jointly on the $43 million contract to build the superstructure of the Park View Holiday Inn. Fudo Construction is mainly involved in the construction of the superstructure while Mitsubishi is concentrating on the financing302 words
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163 1983-12-10 3 COMPUTER Memories (Far East) Pte Ltd started producing s'/«-inch Winchester disk drives just two months after it received the keys to its factory at Ang Mo Kio. The first batch of diskdrives has already been shipped from its 3,100-square-metre factory to customers in America,163 words
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387 1983-12-10 3 LUCY NG - By LUCY NG THE Advertising Media Owners Association of Singapore (AMOAS) is looking into the feasibility of changing the present accreditation arrangement where advertising agencies accredited to AMOAS are required to supply the media owners with bankers' guarantees. Instead, an insurance company will cover the387 words
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Article205 1983-12-10 3 THE Vocational and Industrial Training Board (VITB) will be conducting a seminar on "Management Information System for Vocational Education and Training", at the Regional Language Centre (RELC), from Dec 14 to 16. The seminar is an activity under the Educational Management Information System (EMIS) sub-project, one205 words
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383 1983-12-10 3 LOH HUI YIN - By LOH HUI YIN SINGAPORE'S refiners are picking up some extra oil processing business from Indonesia because of a partial shutdown of two major refineries there. But this is a temporary phenomenon expected to last for only a few weeks. It does not,383 words
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Page 3 Advertisements
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Advertisement100 1983-12-10 3 Retail Who's pushing the heaviest shopping carts today? The same housewives who are buying more. The ones who are enjoying the fastest rise in their standard of living. The ones who now have more money and time for holidays, weekend relaxation, video recorders and their newspaper. Their newspaper is Shin100 words
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OVERSEAS
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256 1983-12-10 4 AFP CONTROVERSIAL restrictions on currency for foreign travel introduced by the French government in March as part of an economic austerity package, are to be lifted from Dec 20 in time for the Christmas holiday, the government announced. The restrictions, seen asAFP - 256 words
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206 1983-12-10 4 FT EAST GERMANY again plans one of the highest economic growth rates in Comecon next year, 4.4 per cent, and a 7.2 per cent increase in military spending. Defence modernisation and the deployment of new Soviet medium-range missiles on East German territoryFT - 206 words
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233 1983-12-10 4 AP AN AUSTRALIAN sppssitlsn party nil yesterday that a boycott of British giiJi Is possible because Liriw has decllaed ts say If a visiting aircraft carrier Is nrmed with saelear weapons. The AsstraUaa Democrats called sa the Canberra geverameat ts order the HMS lavladMe satAP - 233 words
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Article768 1983-12-10 4 ARRIVALS Service Local Operator Number Time From FT FT71 0040 JFK/ORD/ANC/ NRT/TPE SIA SQ11 0110 LAX/TYO CAL CI331 0150 TPE PAA PA5 0225 JFK/SFO/HKG MAS MH601 0820 KUL CV CV796 0900 LUX/DXB MAS MH671 0906 KUL SV SV396 0910 JED/RUH MAS MH811 0910 PEN SIA SQ103 0950768 words
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515 1983-12-10 4 AFP THE Australian government yesterday announced that it would float the Australian dollar in response to a large capital inflow of about AJI.S billion in the past week. The decision follows the government's direction to the Reserve Bank of Australia on Thursday nightAFP - 515 words
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Article382 1983-12-10 4 UPI OPEC ministers reached an agreement on Thursday on freezing their US$29-a-barrel oil price and 17.5 million barrel-a-day production ceiling through the first quarter 0f1984. Saudi Arabian Oil Minister Sheikh Ahmed Zaki Yamani made the announcement at the end of the second day of Opec'sUPI - 382 words
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414 1983-12-10 4 NYT US INTEREST rates are expected to remain at their present high levels at least until next spring, US Treasury Secretary Donald Regan said. His remarks, made in London on Thursday, came almost at the same time as British Prime Minister Mrs Thatcher wasNYT - 414 words
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374 1983-12-10 4 UPI ISRAEL yesterday hinted that it may block the departure of Yaaser Arafat and his 4,000 Palestine Liberation Organisation fighters from the port city of Tripoli where they awaited the arrival of Greek rescue ships. A Greek government source in AthensUPI - 374 words
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189 1983-12-10 4 Reuter PRESIDENT Reagan has deckled to pros for a cut in the US contribution to the International Development Association (IDA), the World Bank affiliate which helps the poorest countries. The decision follows a review of the agency's programme to provide essentially interest-free loansReuter - 189 words
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464 1983-12-10 4 UPI THE shuttle Columbia glided to a smooth landing after an eight-hour delay in orbit, bringing back six men, the European Spacelab and a priceless payload of scientific findings from 10 days of research. Space pilots John Young and Brewster Shaw flew the veteranUPI - 464 words
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Article1159 1983-12-10 4 VMMI Berth Arrival Departure JURONQ PORT KEPPEL WHARVES Fortune Victory 23/4 Kao Mu 47 Kota Murunl 10/11 L&ngsa 29 Mutan Career 35/6 Ned Llnge 44 Ocean Explorer 27/8 Rainbow 37/8 Ravldas 46 Sang Thai 2 5 Str Star 21 Talsho Maru 2S/6 Balantang 28 Bright Vega 441,159 words
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635 1983-12-10 5 MALAYSIAN businessmen who have for years operated on the basis of a hard nose for what can spin money, or on limited (and confidential) market surveys, have been asked to take a detached view to come up with a vision of their industries635 words
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484 1983-12-10 5 AP THE United States and Western Europe have more official restrictions than Japan on imports of manufactured goods, in addition to normal customs duties, an American trade expert said on Thursday. Jan Tumlir, a visiting professor at the University of California inAP - 484 words
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152 1983-12-10 5 AFP INDONESIAN President Suharto is due in Kuala Lumpur next Wednesday on a "working" visit during which he will have two rounds of talks with Malaysian Prime Minister Dr Mahathir Mohamad. A Foreign Ministry official said yesterday that the two leaders are to holdAFP - 152 words
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Article95 1983-12-10 5 UPI THE SOVIET Union did not break off the Strategic Arms Reduction Talks (Start). It was "simply not prepared to set a time for resumption of talks". President Reagan said in Washington on Thursday. Expressing optimism that the negotiations on Start would be resumed at someUPI - 95 words
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WORLD IN BRIEF
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Article418 1983-12-10 5 Agencies TWO North Korean army officers were sentenced to death in Rangoon yesterday after being found guilty of pre-meditated murder by detonating three bombs which killed 21 people, including four South Korean Cabinet ministers. Major Zin Mo, 30, identified as the leader of a threeman NorthAgencies - 418 words
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342 1983-12-10 5 Reuter THE economy of the Philippines is in a shambles and the risks of doing business there should increase significantly in 1984, a leading Wall Street political analysis firm said on Thursday. Frost A Sullivan, in its yearly political risks forecast, alsoReuter - 342 words
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Article165 1983-12-10 5 AFP ABOUT 50 million pesos' worth of suspected hoarded goods seized by authorities from a Filipino-Chinese establishment here will be sold shortly to the public. The official Philippine news agency (PNA) said the goods, confiscated in a drive against artificial commodity shortages and priceAFP - 165 words
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435 1983-12-10 5 Reuter ECONOMIC ties between China and Hongkong are undergoing a crucial change, business and political sources in Beijing and Hongkong said. The trade boom between the two sides over the last five years is levelling out. But Hongkong has now transformed itself intoReuter - 435 words
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198 1983-12-10 5 AFP PRESIDENT Ferdinand Marcos of the Philippines has accepted a challenge to take a lie detector test that will prove or disprove his innocence or complicity in the murder of opposition leader Benigno Aquino. Mr Rana Lurie, a senior political analyst for the influential AsahiAFP - 198 words
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Page 4 Advertisements
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Advertisement24 1983-12-10 4 Pan Am's Space Seats Around The World More Seatroom, More Legroom, More Space To Stretch Out. i Pan Am.You Can t Beat The Experience.24 words
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Page 5 Advertisements
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Advertisement322 1983-12-10 5 A small price to pay for a slice of Singapore you can keep a lifetime. TIMES ANNUAL'B4 FOR $7.00 Times Annual '84 is a result of a continuing fascination with the many facets of Singapore yesterday, today and tomorrow. We would like to share with you this fascination through a322 words
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Article495 1983-12-10 6 THERE IS an Orchard Road which most Singaporeans do not know about. It is a dirt track in New Zealand's South Island, a place where sheep far outnumber humans. That Orchard Road is, literally, in the middle of nowhere. In Singapore, there is and always will495 words
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Article, Illustration1143 1983-12-10 6 BARRY JAMES - By BARRY JAMES UPI THE storm clouds that have been building up for years burst this past week over the European Economic Community, the world's largest trading bloc. A summit conference of the 10-nation group, aimed at resolving fundamental differences over the way the community'sUPI - 1,143 words
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Article, Illustration320 1983-12-10 6 NO NATIVITY scenes, no reindeer or Santa Claus, but a few dozen lighted rats are found outside the Mandarin Hotel. The hotel seems to have its own ideas about Christmas decorations, inspired, perhaps, by an obscure fable about the country mouse and320 words
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Article714 1983-12-10 6 SELVYN PARKER - By SELVYN PARKER NEW ZEALAND'S lending institutions have been thrown into confusion after the national government forced through parliament Wednesday its radical legislation to fix mortgage rates several percentage points below the market. The bill limits first mortgage rates to 11 per cent and second mortgage714 words
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Page 6 Advertisements
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Advertisement247 1983-12-10 6 \fearbooks.... JANE'S Fighting Ships 1983 84 Edited by Captain John Moore RN I rV u m ?V m I v r /f *> r r2 7 m r -~^c K Last year's events in the South Atlantic demonstrated vividly that the nature of naval conflict has undergone important changes in247 words
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Page 6 Miscellaneous
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Miscellaneous794 1983-12-10 6 4 t-v y V CRYPTIC PUZZLE 9 No matter what happens or who's being tried (X 3, 4) 10 The water (k-ain has been repaired by the foreigner (I) 12 Letter* of appointment (4) 13 Before, aa I arranged, put in a good word (8) 14 The rate are different794 words
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TIME-OFF
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Article, Illustration395 1983-12-10 7 KITE PLYING briags together art aad seleaee. Science may rale that aeredyaamiee, lift, high pressare aad low preaaare should eombiae to make yoar kite soar Into the air, bat wlthoat the art, all yoa have la a crumpled maxe of sticks, striag aad fabric. Maat af395 words
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830 1983-12-10 7 AMY BALAN - By AMY BALAN AN island of legends and the promise of fine beaches lured two city-weary folks to the shores of Langkawi one November weekend. We flew into Penang early Friday morning and drove to Kuala Per lis with the idea of830 words
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Page 7 Advertisements
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Advertisement8 1983-12-10 7 E.V Thompson's Latest Magnificent BESTSELLER Top DREAM TRADERS8 words
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Advertisement191 1983-12-10 7 All you need to know T hi »V o 1 6 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 U.S. government has compiled thorough and systematic information about191 words
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Page 7 Miscellaneous
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Miscellaneous543 1983-12-10 7 T.V&«RWro SINGAPORE 5 1.00 PM Opening folowed by Sesame Street: Today, we learn the letters "A" and "C" and the number "2". 2.05 Flash Gordon (Cartoon) 2.30 Saturday Matinee Travis McGee: Travis McGee, a part-time investigator, probes into the reported drowning of industralist Hub Lawless and uncovers an elaborate plot543 words
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Miscellaneous295 1983-12-10 7 3 MALAYSIA 3 PM Quran Readmg Programme Summary > Footbal Made in Germany/Big League Soccer i Today in France i Bangsawan PJ (r) > Science International i Kimba the White Lion (Cartoon) i Hari Ini Dalam Sejarah: Today in History i News i Bimbingan Ugama Religious Guidance I Muqaddam: Islamic295 words
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Miscellaneous406 1983-12-10 7 WHAT'S ON CONCERTS Our Songs: Seventh presentation in conjunction with the Asian Composers' Conference in Singapore. Presented by National Theatre Composers' Circle. The String Chamber Orchestra will perform works of 11 local composers, five of which will be premiere performances. Dec 12, 8 pm, Victoria Concert Hall. Singing Christmas Tree.406 words
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Page 8 Advertisements
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Advertisement950 1983-12-10 8 Where to wine, dine and entertain SHI with the American Express Card "if you don't already have the Card, call *****33 for an application form" i "Let's Viaw Nonya, Tood \jC this Sunday" "Paddy, what's Nonya f(x>d?" "Nonya food is a creative cuisine developed by the early Straits settlers. It950 words
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Advertisement169 1983-12-10 8 *< »S I A grc.it plate to unwind uith friends. Ut our 2 talented kinds entertain sou with sensational music while you sip over a t«x>l drink. 20% discount on all drinks during happy hours (spm 7pm daily) Business houn; 4.00pm so f p I I r.i c=~> 'W< Showtime-'169 words
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RAW MATERIALS
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Article1040 1983-12-10 9 COFFEE: Robusta futures yesterday ended a quiet morning with gains from Thursday of £6 to £2 except for distant Jan which was £2 lower. The market opened unchanged to easier based on the weaker New York close but firmed later on light mixed buying. Sporadic long liquidation was1,040 words
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Article158 1983-12-10 9 CHINESE Prsisee Exchange, Stegapsre, ssss elsstag prises per lMkg yesterday. Csssast sll: Bulk fob 1178.00 sellers, old drum (in second hand drum) fob $191.00 sellers, new drum fob 1195.00 sellers. Cspra: Mixed (loose) 1104 buyers. Pepper: Muntok white pepper fob Asta NLW $640.00 sellers, Sarawak white pepper faq158 words
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Article140 1983-12-10 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot exgodown) Csttea Yam: China Blue Phoenix 20*1 2,980, 32's 3,310, 40's 4,430 (per bale of 400 lbs). Pakttaa Saw Csttea: LSS 7.25, 4F 7.20, 289F 7.30, NT Roller Ginned 7.24 (per lb). CLOTH in140 words
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Article323 1983-12-10 9 SINGAPORE: Yesterday's closing prices In S| per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second class OJO, 100 per cent third class 0.75, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.61, Special323 words
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Article32 1983-12-10 9 Rubber: Dec 9 Singapore: December: 241.00 cents (up 1.26 cent) Malaysia: Decern ben 266.75 cents (up 1.25 cent) Tin: M 529.4 5 per kilo (unchanged) 130 tonnes (down 60 tonnes)32 words
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Article72 1983-12-10 9 THE Straits tta price ta Peaaag yesterday held ehaaged at M 529.4* a kilo, wttUa the TTA lewer range sf MfZLli and IQSLN. A lewer disposal of lM agalsst ltl^sa advlees aid sin Hat's reeevery agalast tha Malaystaa dollar did aat Oft the aarket higher. Tha haffer stack72 words
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Article174 1983-12-10 9 WHEAT futures in Chicago on Thursday closed on a steady note in moderately light trade, three cents to V« US-cent per bushel higher. March held to a 4'^-cent range on the day. Late buying in March by the Professional House, a leading exporter and a commercial associate held wheat174 words
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Article290 1983-12-10 9 THE RUBBER market In Singapore yesterday closed slightly higher with January One RSS buyers quoted at 241.00 cents per kilo, up 1.25 cent from Thursday's close. The morning session was marked up one cent on light weekend covering and buying of January One RSS coupled with steadier London advices,290 words
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Article256 1983-12-10 9 RAS price* In ctnti per kilo yesterday Noon (pw mo) tat 1 RSS promt* f o b HUB 217 JON tat. 1 RSS January MB 75 MLB tat. 1 RSS February M4.25 M4.S0 tat. 1 RSS 2MM ZK00N uk/cm moo zxoon tat. I RAS no 00 m.00N UK256 words
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Article98 1983-12-10 9 NOON ■AS 88R tmi SMR prian jmMrday (CamaTMth) Ifmi hy«n l»lin li;wi am m tnmu «m m ■mar M U Ian S8RIO (1 MUU 306 00 S07 00N 207 0< <«—ry M 10* OON ttrr itS SMR SMR C L V (1 (t -taaMM r»00 281 OON98 words
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Article42 1983-12-10 9 THE Mslsystos Babbec and Licensing BmH (MRELB) saM tt to* stopped qa*4tog aa afflefel prempt price far rabber tt as Issjpsr reflects the Market iter prices steee the tstniittw tnHag •a the Kaala Lampar CwnwdKy (KLCK) stoee Sepl.42 words
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Article258 1983-12-10 9 DULL and lacklustre conditions dominated the week with turnover at a low aa December One RSS sagged to lose three cents overall, HaMay, Catter, Bath A Ca said in its review of the Singapore and Malaysian rubber markets far the week ended Dec 8. Talk258 words
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Article84 1983-12-10 9 THE Malaysian crude palm oil market yesterday was fairly active in line with higher Chicago advices. December was quoted between MX1382.50 and M&347.50. The refined market closed steady in moderate trading. LONDON Thnrs Wad f c* <* j? per tonne January 680.00alr 680.00alr Sumatra 5% ffa bulk Afloat84 words
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Article88 1983-12-10 9 SOYBEAN FUTURES In Chicago on Thursday pasted the sharpest losses In recent months to close down 12 v, to 4V* US-cents per bushel. January posted a 31-cent range on the day and a 3 -cent rinriwg range. After attempting to hold early gains late, nearby soybean contracts dropped more88 words
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INTERNATIONAL STOCKS
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Article185 1983-12-10 9 DEC 0* Fr» GROUP B CORBEILLE Air-Liqulde 903 Aqultalne Nat De» Petrole 160 JO 4-1 1J Carrefour Financier* de LUnlon Utfarfe Moet-Hennewy Opfl-Paribai Penarroya Hill 1 ?1*»5 i ♦t 13 3 13 0J -1J6 MSN Oenrau Danone W^ll -15 C 8 F (ThomjonC»f) Clc Francalae d*» Petrole* 189 156.50185 words
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Article88 1983-12-10 9 DEC OS Acf-Telefunken BASF Dm 78 -a Hoeach Horten Kamadt 04-30 +0J ***** 2 383.50 -4A 363.00 +65 305.00 -J Btjftr z KHD Linde Commeribsnk Contl Oumml Daimler-Bern Dtfuia 431 00 164.70 130 80 647 00 13 -06 -0-2 -1 Manntiminn Philip* Komm Preuuag Rwt ST A Schering 132.0088 words
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Article117 1983-12-10 9 DEC 06 abn FU 307.00 .2 Kbb KLM 27.00 100.30 -0.4 5.0 Ahold 1*2 90 lj 88 70 42 30 JO •41 AIIEV 154J0 -0.7 National Ned Nedlloyd 191 JO 109 50 0J -1J 8220 143.00 Berk 87 JO Oce Grtnten 230.00 3300 3 -0.1 Otra Bosk a 40.70117 words
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Article130 1983-12-10 9 DEC 08 AblMbt C$ 24h Imp Oil Inco 37S It* 33** MM unch Int UU 27 H InU Nickel Bank Nova Scotia Bell Tel Kerr Add Loblaw B 20H I3S -H -f BP Can Ltd 22S Massey Ferf Mc Blodel 2»4 22Moore Cp Noranda 25*. Car Una OKeefe CmW130 words
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Article91 1983-12-10 9 DEC oa Pre FORWARD MARKET Acac 616 unch Arbed 1160 -0 Astur 972 -10 Brmacan 1790 -30 Ctnptc 2366 4 10 Cock 170 40 D* Beer* 446 6 Ebcs MOO 4-5 Electrobel 6060 20 Ob-Inno-Bm 3160 unch o»» 9000 4-00 Or Bru Luib 2225 420 Hobo* 6006 •10 Pctro91 words
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Article284 1983-12-10 9 DEC oa Rand INDUSTRIALS A Alpha 006 unch Abercotn AE And CI Amaprop AM1C 200 010 -5 >300 4X8 unch Barlows 1300 15 C O Smith Chckers 2325R 380 unch -10 CNA Currte Finance Ed (art 290B 4258 8730B fed vol* 450b rucit 300 unch Hive Id 906 -045284 words
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Article1140 1983-12-10 9 NEW YORK WALL STREET stock prices closed sharply lower on Thursday as the market succumbed to a wave of profit-taking by Institutional investors and new fears about higher interest rates. Hie Dow Jones Industrial Average, which was only moderately lower before noon, ended the session down about1,140 words
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Article345 1983-12-10 9 RESOURCE shares fell while industrial stocks hit a record high in hectic trading on Australian share markets yesterday. The All-Ordinaries Index closed 1J points lower at 736.8, the All-Industrials climbed 8 J to a new peak of 969.0 and the All-Re-source» Index sank 8.8 to 558.4. Declines led advances345 words
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Article357 1983-12-10 9 HONGKONG STOCKS closed lower in thin trading with many traders cautious awaiting new developments yesterday. The Hang Seng Index closed 15.17 down at 858.39, after falling 9.73 at mid-session. Dealers said the most bearish factor was the announcement by HK Tjnri that it plans to sell HK$25O357 words
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Article338 1983-12-10 9 LATE profit-taking and liquidation more than offset early gains and the market closed lower yesterday, in line with the decline on Wall Street The market average shed a provisional 12.22 from Thursday's close to finish at 9,448.81 after rising 56 04 on Thursday. The Tokyo Stock338 words
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Article111 1983-12-10 9 SHARE prices yesterday closed mostly higher In quiet trading after recent easiness. The Book Club Index rose 1.07 to 120.01 on a turnover of 254.8 million baht with more than one million shares traded. 330 c* < IM ♦i 1" M It- IX ♦i IX 0J6 Rib a Tow*r111 words
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Article71 1983-12-10 9 THE stock market generally eased yesterday. DCC m Pm ♦A i Apn Miruna B Atkl Cod t 4MB -U j»y> r oqm, un «ten —m—t ota a ui -mi ckJ a -i rmt phu HMp u§ Lapanto a MM »IM mnnduqi» B iiimni OrMM MB aneh Phil CHimii MU71 words
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Page 9 Advertisements
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Advertisement24 1983-12-10 9 THE GREAT BOOKS For those interested in Intdectud Enjoyment -443 great works by 74 authors in 54 volumes Call STP Distributors Tel No: *****44/*****2824 words
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3380 1983-12-10 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 after3,380 words
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Article3587 1983-12-10 10 1983 Last High Low Company Sale orGr'i Div Div Cvr Gr*s Net Y'ld P/E Vol Day (*000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 286 354 287 308 410 120 338 318 '268 '680 .520 535 535 234 340 .585 870 472 472 1190 310 680 880 336' 4163,587 words
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Article185 1983-12-10 10 Maaa ftn' price i tor Dee It A It HNGAFOBK UNIT TBU The Commerce 3 30 The Savtap Fund LIT S pore Prog Puad 1.44 S*pore See. Fund 2.17 S'pore Invest Fund l.l» S pore Equity Fund 1.42 8T 3-51 2.0V 1.53 2J0 1.23 1.51 id DIAMOND MOT185 words
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Article2215 1983-12-10 10 BID and offer price* officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUHBIAU (3.728) 3.72 AtoM (I.QZB 108S) (4) 3 00 (I) 3 042,215 words
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Article760 1983-12-10 10 THE «iptpwt stark market was a hive of activity yesterday, with major Iroprevemeats reeerded la Mh prices aad velame. Ite clostsg ladees moved ■p Impressively. Ite Straits Times ladsotrlal ladex climbed 14.21 petsta to 988J8 while the Basiaeso Times Composite ladex advaaced 10.44 pslats to lllil.760 words
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Article632 1983-12-10 10 THE Kuala Lumpur stock market closed firm yesterday in substantially higher volume as buyers took control of the trading floor. Total turnover shot up to 10.12 million units valued at M 529.43 million against Thursday's 7.0 million units worth $20.2 million. The New Straits Times632 words
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COMPANY NEWS
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Article, Illustration3513 1983-12-10 11 This is the second part of an interview with Sime Darby's group chief executive Tunku Ahmad Yahaya. He talks about Sime's big move into property development, beginning with a huge satellite township just outside Kuala Lumpur. He also defends Sime's recent land sales to Hicom3,513 words
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Article290 1983-12-10 11 SOUTH East Asia Lumber Corp Bhd is seeking to diversify its operations to reduce its dependence on the timber trade. Disclosing this in his latest annual report, SEA Lumber chairman Mr Lofa Kim Fob says the proceeds from the company's proposed rights issue will be partly290 words
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Article179 1983-12-10 11 DEC M Pranea Saute Raff MM »«*•> Sulaar Pe SM n. 2 7 Sulaar Km IOC uncti Muwil— R»f Brown Boaan Br. 1 M ha n.l-. D> SM ism M Swua Bank Br Bvla* Bank Oar* Raf M I ♦s tin uvi(7 Br cite Qanj P C aba Oalor179 words
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Page 11 Advertisements
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Advertisement139 1983-12-10 11 THIS ADVERTISEMENT IS ISSUED BY SPP LIMITED To all the Shareholders of SPP LIMITED DO NOT ACCEPT THE OFFER on behalf of TUAN SING HOLDINGS LIMITED for your shares in SPP Limited until you have had the opportunity of considering the advice by STANDARD CHARTERED MERCHANT BANK ASIA LIMITED which139 words
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Chief Price Changes
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Article152 1983-12-10 12 Rises Indices Thiw Pak ITP im i 970 1410 60 00 Dec> Dec 9 MttiwilH 7H 90 BT Composite: 909 29 919.83 nmm M Box 41C 98 BT Indicator: *****49 *****07 fllT 1130 +00 38 +35 +85 ST Industrials: 964.73 968.99 IV 740 116 ST Finance: 2711.06 2739.73 ST152 words
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Article, Illustration153 1983-12-10 12 Rites Indices MA A 1070 +T0 DecS Dec 9 Talam Ks Laniut mo +60 MBT Indicator: 560 +50 *****11 *****84 SEA Corp i 1430 +50 NST Industrials: 1354.06 1366.62 Carteberg N S T 580 1730 +60 +60 NST Finance: NST Hotels: 2522.09 658.51 2574.82 659.02 M Flour 545153 words
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Article55 1983-12-10 12 HJLHANG 8KNG Thunid*y t7XM WMk Ago 966.74 AUSTRALIAN INDUSTRIALS Friday 960.0 TbumUj 900.4 WMk Ago 900.7 ALL OROINARIR8 Friday 730J Thursday 1 737.0 Week Ago 196.9 FINANCIAL. TIMES INDUSTRIALS Thurarfftv f mi Wednesday 753.0 Week Am r«i LI DOW JON *8 AVERAGE INDUSTRIALS Thursday 1351J Wednesday 1273.' Week55 words
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Article911 1983-12-10 12 SHARES opened easier yesterday in technical reaction to recent gains and following a sharply lower Wall Street close on Thursday, dealers said. Little new time buying has been seen and trading stayed quiet. leading equities showed {alls ranging to 12p as in Beecham at 311 ICI lost lOp911 words
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589 1983-12-10 12 CHAN OI CHEE - ■Mill Companies Editor: ALAN LEE By CHAN OI CHEE CI HOLDINGS Bbd, which was listed on the Singapore and the Kuala Lumpur stock exchanges only last February, has announced big plans (or expansion into property development and is asking shareholders to help589 words
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421 1983-12-10 12 THE Kuala Lumpur Stock Exchange committee and the panel nominated by members are now finalising the views to be presented to the Ministry of Finance on the amendments proposed by it to the KLSE's operating framework. KLSE chairman Mr Abdul Razak bin421 words
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293 1983-12-10 12 FORMIS Sdn Bhd, the Information technology Joint-venture company set up by Amalgamated Priprttn A ladutrlea BM <API), Maiayriaa Utm—itrm Carparattan BM (MRCB) and OifdMfliail Rmwcn 84a BM (ORSB), will come onstream with its first on-line package by April 1984. Formis chairman Tan Sri293 words
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Article136 1983-12-10 12 SHAREHOLDERS of Pahaig Canaalldated PLC will not be paid any Interim preference dividend for the year ending July 1984 in view of the exhaustion of the company's reserves from which dividends can be paid. The decision was reached at a board of directors meeting on Dec 7. a136 words
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216 1983-12-10 12 A FEW remaining minority shareholders of Goodyield Holdings Bhd have objected to the 1983 accounts being included at its extraordinary general meeting on Dec 2. In a letter to the Ministry of Trade and Industry (a copy of which was made available to216 words
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Article34 1983-12-10 12 SIM Lim Investments Ltd's EGM will be held on Dec 28 to consider the proposed sale of 2.975 million shares in Sim Lim Holdings Bhd to P W Enterprises Sdn Bhd.34 words
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547 1983-12-10 12 THE Hongkong Land Co Ltd will start selling HK$25O million of commercial paper by the end of the year provided the Hongkong government's approval comes in time. Group general manager (treasury and planning), Bill Wavish, said the facility was signed in late547 words
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Page 12 Advertisements
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Advertisement444 1983-12-10 12 A gilt-edged investment for the year ahead s 'A SS6S per set e L m. economic region in the work! you have to be one appointment ahead of vour competitors all the time. The 1984 Times Diary has been carefully designed as a gilt-edged investment for the region. It is444 words
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Page 12 Miscellaneous
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Miscellaneous54 1983-12-10 12 OUTLOOK tor today: Cloudy; occasional showers in certain areas around noon. Bepert for 24 bean prtor teUpoM Dee •I the airport: Maximum temperature 25.8 Associated humidity 93 Minimum temperature 22.8 Associated humidity 98 Hours of sunshine Nil Rainfall In millimetres 19.1 Total rainfall for the month 38.9 Total rainy days54 words
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