The Business Times, 7 January 1984
1984-01-07
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The Business Times
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Title Section11 1984-01-07 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, JANUARY 7,1184 60 CENTS11 words
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304 1984-01-07 1 COLLIERS, Goh and Tan has been awarded a $1.4 million contract to conduct a dilapidation survey of existing structures adjacent to the route of the Mass Rapid Transit (MRT) system. The survey essentially involves the checking and documentaion of the current304 words
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658 1984-01-07 1 AMY BALAN - By AMY BALAN HONG Leong Holdings, the developer of Tulip Garden, has come up with an enterprising scheme to entice owners of Housing and Urban Development Corporation flats. For $10,000 cash downpayment, the scheme allows the HUDC owner to replace his existing flat with658 words
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451 1984-01-07 1 JAIME LYE - By JAIME LYE THE Asian market for aerospace equipment, worth about US$lO billion over the next decade, is just ripe for picking, and the Americans are aiming for the largest share. As part of their marketing strategy, 50 American companies will dominate Asian Aerospace '84451 words
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319 1984-01-07 1 JB Jeyaretnam and Wong Hong Toy yesterday maintained that the Workers' Party (WP) had collected funds meant to help meet the legal costs incurred by Madam Chiew Kim Kiat and these were not meant for the party itself. Wong, the party319 words
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BRIEFLY...
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Article67 1984-01-07 1 THE Primary Production Department (PPD) has been placed under the charge of the First Deputy Prime Minister Dr Goh Keng Swee, with effect from yesterday. This is the first time a senior government minister has been put in direct charge of the department. Prior to Dr67 words
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Article121 1984-01-07 1 Reuter ORGANISATION of Petroleum Exporting Countries' oil producers face a slack oil market in the first three months of 1984 and may have to cut back production to well below their output ceiling. International Energy Agency (lEA) officials in Paris said the 13 Opec members were producingReuter - 121 words
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Article62 1984-01-07 1 UPI THE Indonesian government, making final touches to the new austerity budget to be presented next Monday, denied rumours yesterday of a possible devaluation of the local currency. "The Indonesian government has no plan whatsoever to devalue the rupiah this year," said Finance Minister Radius Prawiro. Mr PrawiroUPI - 62 words
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Article93 1984-01-07 1 AP THE world's first test-tube quadruplets, all boys, were born yesterday to an unidentified woman who hadbeen trying for 10 years to have a child, doctors said. Dr Andrew Spiers of the Royal Women's Hospital in Melbourne, Australia, said the babies were delivered prematurely by caesarian section andAP - 93 words
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Article63 1984-01-07 1 Reuter THE Philippine First Lady, Imelda Marcos, will leave for Beijing today on a brief working visit aimed at selling Philippine products and reversing a trade balance running heavily in China's favour. The Presidential Palace in Manila announced yesterday that Mrs Marcos is scheduled to hold talksReuter - 63 words
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Article60 1984-01-07 1 Reuter THE US has agreed not to sell more than 3,000 tonnes of tin from the General Services Administration (GSA) stockpile this year. Diplomatic sources in Kuala Lumpur said this is part of an agreement worked out between the US and Thailand, Indonesia and Malaysia for theReuter - 60 words
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Article50 1984-01-07 1 UPI JAPAN and Switzerland have been named for the fourth consecutive year as the world's most competitive industrial nations. The US and West Germany retained third and fourth places in the annual survey conducted by the European Management Forum, a foundation promoting contacts between world businessmen. UPIUPI - 50 words
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Article, Illustration468 1984-01-07 1 RAY HEATH,CHRIS LIM - week world markets caught fire j By RAY HEATH,CHRIS LIM AT THE close of trading yesterday, the Straits Times Industrial Index pushed ahead by a further 3.68 points to bring the local stock market to its sixth consecutive record high at 1,027.93.468 words
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Article347 1984-01-07 1 THE UPWARD surge of the US dollar accelerated yesterday as trading moved eastwards towards New York where it had finished trading on Thursday night in record breaking style. In New York, it came within a whisker of a 10year high against the Dmark, closing at 2.8045,347 words
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Page 1 Advertisements
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Advertisement235 1984-01-07 1 Lei su retime... Sporex-Asia '84 S.E. Asia sth International Exhibition of Sports Equipment Leisure Goods 19 22 JANUARY 1984 WTC An Interfama organised show Tel: *****12 W HMDS' TWO main blocks of Raffles City, the 42storey office block and the 28-storey twin towers of Westin Plaza, will reach top level235 words
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Advertisement87 1984-01-07 1 Pan-Wtst Centrepoint offers all the househole names in golf w VHonma, MacGregor, Lynx, Titleist and more...all the househole names in golf gear and accessories are found at Pan-West Centrepoint. And our impeccable selection of sportswear will put you in the spotlight on the course. Drop by and browse around. We're87 words
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Advertisement286 1984-01-07 1 Leisuretime JK Boat-Asia *84 5 E Asia 4th International Exhibition of Boats. Pleasure Crafts 6 Ancillary Equipment 19 22 JANUARY 1984 WTC An Interfama organised show Tel: *****12 w% W-' MEMOS FOR MANAGEMENT LEADERSHIP James L Hayers The 49 articles in this superb collection gleaned from James L. Hayes' highly286 words
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HOME NEWS
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Article, Illustration372 1984-01-07 2 LISA LEE - By LISA LEE TWO MAIN blocks of Raffles City, the 42-storey office block and the 28-storey twin towers of Westin Plaza, will reach top level by the end of this month. Ssangyong Construction's project manager for the Raffles City project, Mr Lee Young372 words
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Article452 1984-01-07 2 LOCAL shipping and construction magnate, Mr Robin Loh, is providing financial support to China's Lido Hotel, a project which will cost more than US$5O million. The 2,000-room Beijing project is a joint venture between China Travel Services, a government-owned travel organisation, and Hongkong investment452 words
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309 1984-01-07 2 THE umber sf cwipuiei partfdpatlag ta ia-hease tralalag far the Basle EdacaUaa far Skills Training (BEST) pragramme has been dlsappaiatlng. The chalrmaa si the VeeaWeaal aad Industrial Tralalag Beard, Dr Tay Bag See», expreased eaaeera tkat sat si the M eampaales appreacked ta start309 words
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Article, Illustration449 1984-01-07 2 A TEMPORARY Occupation Licence (TOL) was granted at the end of last month for the first of eight factory blocks at the multi-million dollar Henderson Industrial Park. The park is under construction on a 83,283-square metre site located at the junction of Henderson Road and449 words
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258 1984-01-07 2 HOTEL Tai-Pan, a member of the Jack Chia-MPH Group, is undergoing a J7O million renovation/refurbishing and extension programme. This Involves general overhaul and upgrading of mechanical and electrical services, refurbishing all its rooms and facilities, additional new rooms and food and beverage outlets. This258 words
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597 1984-01-07 2 LEE HAN SHIH - By LEE HAN SHIH MORE feathers will be ruffled next Saturday when Lee Brothers Poultry, owner of Singapore's largest automatic chicken processing plant, offically opens its two Hardee's fast-food outlets here. Hardee's has more than 2,500 outlets worldwide offering a variety597 words
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193 1984-01-07 2 MOST OF Singapore's motorists are already using the new, higher-priced parking coupons, one week after they came into effect. The new coupons have been in use since Jan 1 when the government's new rates for HDB and URA car parks were implemented. "Motorists have193 words
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Article130 1984-01-07 2 THE first RA Robinson Memorial Lecture in Singapore was delivered yesterday by Dr A K Covington of the University of Newcastle-upon-Tyne at the National University of Singapore. The lecture was Jointly organised by the Department of Chemistry (NUS) and the Royal Society of Chemistry, United Kingdom. Dr130 words
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Article, Illustration130 1984-01-07 2 AUSTRALIA'S new High Commissioner to Singapore, Mr Walter Handmer, presented his credentials to President Devan Nair at the Istana yesterday. Mr Handmer, 57, Joined the Foreign Service in 1951 and is one of Australia's most experienced diplomats. He was Ambassador to Burma from 1970 to 1973;130 words
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Article793 1984-01-07 2 SEMINARS AND COUBSES Nov 30, 1983-Feb 22 (Wednesdays): Average Adjusting, STTC, STTC Dec 19, 1983-Feb 13 (Mondays): Miscellaneous Accident Insurance, STTC, SITC Jan 4-Feb 4 (Saturday): Employers' Liability A Workmen's Compensation Insurance, STTC, SITC Jan 4-Feb 15 (Wednesdays): Introduction to General Insurance, SITC, SITC Jan 5-March 8 (Mondays793 words
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Page 2 Advertisements
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Advertisement34 1984-01-07 2 •V *TJ *sm 0 Read it now in Penguin! Available at all leading bookshops distributed by FEDERAL PUBLICATIONS I fTpi 2 Juron 9 Port R oad, Singapore 2261 A member of The Times Organisation34 words
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BANKING AND FINANCE
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472 1984-01-07 3 AP GOVERNMENTS in Africa, India and other developing regions will be closely watching a meeting next week of the World Bank's International Development Association (IDA). The key questions: How much will the United States ■contribute to the IDA over 'the next three years,AP - 472 words
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204 1984-01-07 3 Reuter BRITAIN'S Export Credits Guarantee Department (ECGD) expects its cash reserves, which fell to £150 million at end-September 1983, to be exhausted early in 1984, the Comptroller and Auditor General, Gordon Downey, said. In a report to Parliament, Mr Downey said that amountsReuter - 204 words
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178 1984-01-07 3 Reuter THE Japan Centre for International Finance (JCIF) is gathering indepth information on the Philippines and Brazil for private Japanese banks, a JCIF spokesman said. The centre will not necessarily support the policy of the Japanese government of cooperating actively in international reliefReuter - 178 words
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340 1984-01-07 3 AMY BALAN - By AMY BALAN SINGAPORE has become a vital link in a multinational corporation's aspiration for a management system spanning across the world. Mr William Sebrtng, vicepresident and manager of Chase Manhattan Bank Operations and Systems Group, said that Singapore was one of the 16 countries selected340 words
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268 1984-01-07 3 Reuter THE Portuguese Cabinet has paved the way (or the expansion of the banking sector by setting a lower-than-expeeted minimum capital requirement of 1.5 billion escudos (or the opening of new banks. A decree approved by the Socialist-led coalition of Prime Minister MarioReuter - 268 words
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Article213 1984-01-07 3 AP HONGKONG'S currency will remain convertible after China recovers this colony in 1997, Hongkong communist newspapers reported yesterday. The Chinese-language Ti Kuag Pao and Wen Wei Po, in dispatches from Beijing, said that the remark was made on Thursday in Beijing by Ji Pengfei, beadAP - 213 words
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197 1984-01-07 3 AFP FRANCE will be able to begin reducing its foreign debt of US$53 billion at the end of 1985 or in 1966, Economy Minister Jacques Delors said in Paris. He told a meeting of businessmen on Thursday that the figure of $53 billion wasAFP - 197 words
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394 1984-01-07 3 UPI NIGERIA'S new military ruler hinted he might accept a currency devaluation to win a US$2 billion loan from the International Monetary Fund for the country's ailing oil economy. General Mohammed Buhari, smiling and appearing confident on Thursday In his first news conference since Saturday'sUPI - 394 words
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172 1984-01-07 3 UPI A NEW delay in principal payments on Venezuela's huge public sector foreign debt will be welcomed by the incoming government, a top adviser to Presidentelect Jaime Lusinchi said. Government sources said on Thursday that Finance Minister Arturo Sosa will request a 60-day extension onUPI - 172 words
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Article881 1984-01-07 3 THE government-owned Commonwealth Trading Bank said that it lifted its stake in merchant bank Australian European Finance Corp Ltd (AEFC) to a controlling 51 per cent from 23 per cent. The bank acquired all Algemene Bank Nederland NV's 18 per cent holding and an aggregate 10 per cent881 words
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570 1984-01-07 3 Reuter US JOBLESS and M-l money supply data due yesterday should give another boost to investor confidence in the bond market if they turn out as expected, economists said. December figures for civilian unemployment, which has fallen from 9.3 per cent in SeptemberReuter - 570 words
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MONEY AND EXCHANGES
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Article298 1984-01-07 3 SINGAPORE gold futures yesterday closed higher on local buying interest in light trading. Total sales for the day were recorded at 138 lots while kerb volume was 75 lots. Prompt closed firmer at U*****.20/377.70 an ounce against New York's $375/376 close, February at $379.70/ 380.00 against $377.50/377.90 and April298 words
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Article33 1984-01-07 3 New York 8.52B 8.49B 8.57S 8.54S Zurich 8.47B 8.40B 8.52S 8.45S PH IkM Singapore 8.46B 8.50B 8.51S ««R Closing price* In US dollars a troy ounci t. Source: Credit Suisse, S'pore.33 words
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Article65 1984-01-07 3 RESULTS of tender held yesterday (or 91-day trills (to be issued from Jan 9.to Jan 13) and 182day bills (to be issued on Jan 9): •1-<tey bMe 1t2-d«y Mtta pan III: {170.000,000 fl5.000.000 ImM tar: $208,500,000 $40,000,000 AJMM: n70.000.000 $15,000,000 Aumptil Mhi $M.33 $98.63 approximately 78% higher65 words
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Article108 1984-01-07 3 THE US dollar yesterday eased against other major Airrencies in late trading, due mainly to speculation over possible central bank intervention after the European opening. Operators mostly stayed on the sidelines in the morning in view of the high US dollar level, but trading 'turned active in afternoon with108 words
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Article22 1984-01-07 3 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.06 per cent.22 words
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Article138 1984-01-07 3 ASIAN ASIAN currency deposit interbank rates as at 5 pm on Jan 6: US Dollar* Offer Bid 7 days 0* 0H 1 month 0* 0* 2 months 0% 0% 3 months 0 15/18 013/18 6 months 10* 10 9 months 105/18 10 3/18 12 months 107/18 105/18 Dai. 8«M /mijji.138 words
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Article45 1984-01-07 3 RANGE of prk ces offered by dls count houses on Jan Overnight: 3 Call deposits: 2 3 Closing Baying Selliaf 3-month Treasury bills 2H 2H 3-month Bank bills 715/18 713/16 3 months CD 7H 7* 0 months CD 7M 7* Source: National Discount Co45 words
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Article66 1984-01-07 3 THE dollar touched new highs against the mark, sterling and French franc yesterday as foreign exchange trading livened up after a quiet opening. Opening quotes yesterday: US Can 1 7585,7610 Cross 1.2500/03 DMk 3.9425/65 DF1 S FY 3.1430/66 B FY con 80.28/41 F FY 12.0285/0440 Lit 2387.10/2380.20 Yen 327.30/7166 words
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Article458 1984-01-07 3 STRONG US interest rates and the growing uncertainty in the Middle East helped to push the dollar past the 2.80 benchmark against the West Germany currency but had little effect on the local dollar yesterday. The US dollar opened at 552.1320/30 against Sing dollar, 10 points higher than458 words
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Article105 1984-01-07 3 THE DOLLAR yesterday showed little activity in typically thin pre-weekend trading, but its undertone was firm in the absence of fresh news. Interbank operators were not interested in yen/ dollar trading as the rate has been locked in a very narrow range so far this year. The dollar ended105 words
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Page 3 Advertisements
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Advertisement52 1984-01-07 3 Chubb Singapore played sale. That's why they chose the ultra-reliable Thomson-CSF EPABX system. Already, 210 Thomson-CSF systems have been supplied and installed in Singapore by DTS-with the most professional support services to back your decision. DTS Singapore Pte Ltd 2 Alexandra Road #03-018, Delta House Singapore 0315 Tel: *****66 (A52 words
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OVERSEAS
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Article637 1984-01-07 4 FT JAPANESE Prime Minister Yasuhiro Nakasone began what is certain to be a tough, protracted battle to retain power on a controversial note by visiting the religious shrine commemmoratlng Japan's war dead on Thursday. In brief remarks, Mr Nakasone left it unclear if he hadFT - 637 words
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317 1984-01-07 4 NYT A SECRET Pentagon analysis has concluded that the United States' most sophisticated aircraft carrier, the USS John F Kennedy, has so few radar and laser-guid-ed weapons aboard that its fighter planes could barely conduct even one full strike against a Soviet battleNYT - 317 words
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156 1984-01-07 4 AMERICAN retailers have reported the best Christmas shopping season in almost ten years in spite of severe winter weather that pinched December sales in some parts of the country. "December sales were strong but not as good as they could have been if consumers had156 words
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Article734 1984-01-07 4 Service Local Operator Number Time From FT FT71 0040 JFK/ORD/ANC/ NRT/TPE SIA SQH 0110 LAX/TYO CAL CI331 0150 TPE PAA PA5 0225 JFKSFO/HKG MAS MH601 0820 KUL CV CV796 0900 LUX/DXB MAS MH671 0905 KUL sv SV396 0910 JED/RUH MAS MH811 0910 PEN SIA SQ103 0950 KUL734 words
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432 1984-01-07 4 AFP CALLS for tax increases to help reduce the burgeoning US budget deficit are increasing. Meanwhile, the Reagan administration continues to resist such pressure in the face of the presidential election this November. Martin Feldstein, President Reagan's senior economic adviser, has again suggestedAFP - 432 words
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176 1984-01-07 4 Reuter TUNISIAN President Ha bib Bourguiba was expected to emphasise a law-and-order theme when he spoke yesterday for the first time to a nation shaken by widespread food riots. President Bourguiba, 80, who declared a state of emergency on Tuesday, was due to broadcastReuter - 176 words
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176 1984-01-07 4 Reuter SALES of US-made cars in 1983 rose 18 per cent over the previous year, giving the industry its best year since 1979, motor companies said. Figures from General Motors, Ford, Chrysler and American Motors confirmed that the industry was continuing toReuter - 176 words
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367 1984-01-07 4 Reuter THE Reagan Administration yesterday accused Soviet Foreign Minister Andrei Gromyko of using strained rhetoric on arms control and called for a serious dialogue on all US-Soviet issues. But some US officials in Washington said remarks by Mr Gromyko have reduced prospects that heReuter - 367 words
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316 1984-01-07 4 FT AN EXTRA 900,000 barrels a day of oil flowed into world reserves in the final quarter of 1963, suggesting that Middle East oil producers are accumulating stocks on a larger scale than previously suspected. According to the latest oil market reportFT - 316 words
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166 1984-01-07 4 UPI PRESIDENT Betpa to e» slderlag delivering a mtjir pettcy addreea m the ctetc ef L'S-Bevlet wlH— this meath. White Hnn •ffleUto Mid en Thursday the praldeat to expected to make the ferelp pettcy speech wlthla a ceopie ef weeks, hefere he geesUPI - 166 words
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WORLD IN BRIEF
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Article503 1984-01-07 4 Agencies A GRENADIAN doctor said yesterday that he made up, under pressure from the army, a cause-of-death certificate for Prime Minister Maurice Bishop without seeing the body. Doctor Jensen Ottaway said in St George's that he was summoned by military ruler Hudson Austin two days after heAgencies - 503 words
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Article1099 1984-01-07 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdna FCL Locatf Monte Ruby 12A 7.1.84 2100 MOSK FSB 0800-0900 P5 P4 L6 Haruna Mam 70S 8.1.84 0200 Borneo FSB 1200-1400 Strathconon 26/356 8.1.84 1200 Borneo F8B 1000-1100/1600-1700 Thana Bhum Konka Triton Sea Fortune1,099 words
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226 1984-01-07 5 Reuter BRUNEI, the tiny, oil-rich sultanate that won full independence from Britain on New Year's Day, will become the sixth member of the Association of South-east Asian Nations (Asean) today at a ceremony in Jakarta. A tiny coastal enclave of 200,000 people in northernReuter - 226 words
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138 1984-01-07 5 AP A REPORT distributed yesterday by the Seoul National Unification Board said South Korea has outstripped North Korea in almost all areas of economic performance. The report, compiled from statistics gathered through 1962, said the gross national product (GNP) of South Korea totalled theAP - 138 words
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Article, Illustration556 1984-01-07 5 AFP THE Lower House of the Malaysian Parliament will meet on Monday to seal a compromise reached to end the confrontation between the government and Malaysia's sultans over the political role of the monarchy. At Monday's special parliamentary session, Prime Minister Mahathir MohamadAFP - 556 words
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438 1984-01-07 5 AFP A FILIPINO journalist yesterday said photographers could have filmed the assassination of Mr Benigno Aquino if officials at Manila airport had not prevented them from meeting the returning opposition leader. Mr Manuel Silva, photographer of the Philippine newspaper Daily Express and cameraman ofAFP - 438 words
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Article173 1984-01-07 5 AP JAPAN'S Foreign Ministry said yesterday it will not permit the Manila-based Benigno Aquino Assassination Committee to conduct independent investigations in Japan, but will cooperate with any request for help in the inquiry. A ministry spokesman said Japan has told the Philippine government thatAP - 173 words
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344 1984-01-07 5 UPI ONLY about a third of the world's people can be classified as truly free, a study measuring political rights and civil liberties showed. The private New Yorkbased Freedom House said on Thursday its 1983 survey of 166 countries andUPI - 344 words
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Article245 1984-01-07 5 Reuter BRITISH environmentalists have launched a campaign for greater freedom of information in Britain, saying official secrecy was a disease undermining democracy. The Group Friends of the Earth said its drive was designed to force the adoption of legislation that would make information held byReuter - 245 words
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419 1984-01-07 5 AFP CHINA'S Premier Zhao Ziyang's US visit next week should confirm that Washington and Beijing are ready to work towards closer ties despite their occasional sharp disagreements. Although Premier Zhao's visit is not likely to produce spectacular results, US officials areAFP - 419 words
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204 1984-01-07 5 AFP HONGKONG may net be able to maiatola Its high growth rate la the lttto beeaaae sf a lag la techaalagleal capability aad the IM7 lease lane. Dr Edward Chen sf the L afvenlty sf Haagkaag said yesterday that la tbeery, hawever, the eetoayAFP - 204 words
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412 1984-01-07 5 AFP THE developing countries of the Pacific Basin are "star performers" and enjoy the best overall economic situation in the developing world. Professor Lawrence Klein, a leading US economist, said in Kuala Lumpur yesterday that although some of the economies in the region face problems,AFP - 412 words
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314 1984-01-07 5 AFP DANISH voters called to elect a new Parliament next Tuesday will be faced with a choice among 13 parties, ranging from a right-wing anti-tax group and a sprinkling of competing Marxist formations with the Social Democrats and others in between. The electionAFP - 314 words
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Page 4 Advertisements
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Advertisement23 1984-01-07 4 Pan Am's Space Seats Around The World More Seatroom, More Legroom, More Space To Stretch Out. (j||> Pan Am.You Can't Beat The Experience.'23 words
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Page 5 Advertisements
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Advertisement276 1984-01-07 5 ALEXANDER HAMILTON INSTITUTE (USA) proudly announces another Top Selling Management Manual 9K mm no hSSsS CONTENTS What is negotiation? The process of bargaining and problem-solving How to plan your negotiations Critical oral negotiation behaviours The tricks of the trade Methods to counteract negotiating tactics A key negotiating resource-personal style Assessing276 words
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Article494 1984-01-07 6 BUGIS STREET might have been somewhere at the back of its officers' minds when the Singapore Tourist Promotion Board recently announced plans to seek expert help on preserving parts of old Singapore. Although it was never officially featured in the board's publications, Bugis Street is undisputedly one494 words
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Article, Illustration1620 1984-01-07 6 ZHOU MEI - Professor Lim reminisces on Japanese autumns, mountains and manners Tradition-rich and highly disciplined, the Japanese, while advancing determinedly into advanced technology, believe firmly at the same time in retaining much of its heritage from an era long past. Professor Lim Chong Yah, whose memories of the1,620 words
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Article, Illustration259 1984-01-07 6 OOPQPO V, A'" AN UNDERGARMENT company In Hongkong appears to have diversified into the computer business. Or is it the other way around? The company, Systems Pro, claims that there is more than Just software and hardware. Its advertisement urgefe computer users to "remember259 words
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Page 6 Advertisements
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Advertisement102 1984-01-07 6 ieS-v* r A <~? :> t&i Wm •*C „V .??>■ m£mk mm-w ■*'V. 1 ••-■A *%&WS{ IPO v :r^v -mi I: r v; 2»§ '?V% mf'i: i V- m; *?ijg iK ili&li V- V£ v I «*> ,x v p* A;->j *«3W WrZ<* vw* n& ft i'--\ w- f m102 words
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Page 6 Miscellaneous
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Miscellaneous780 1984-01-07 6 TWO-11-ORE CROSSWORD CRYPTIC PUZZLE ACROSS 8 Hide the trophy, again, Inside (5. 2) 9 A little something for the hungry dog's consumption (4TTS) 13 It's sung differently In Singapore (5) 14 Giving a royal name to the stadium (3) 15 Having a right, we're told, to applause (T) 16 Again780 words
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TIME-OFF
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Article, Illustration693 1984-01-07 7 DIANNE KLEIN - A flamboyant artist awaits his end in morose seclusion By DIANNE KLEIN UPI SALVADOR Dali is waiting to die. Frail and depressed, Spain's master surrealist has cloistered himself in a centuriesold castle agonising over immortality, mathematical theory and human banality. Still master of his own fate, theUPI - 693 words
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Article, Illustration594 1984-01-07 7 JAN LEE - By JAN LEE THERE are continental cars of rather adventurous and controversial designs which arouse a love-it-or-hate-it response. These include the not so new Fiat Ritmo and the more recent Ford Sierra. The tendency among European manufacturers, however, is still to retain the594 words
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Page 7 Advertisements
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Advertisement639 1984-01-07 7 from The Singapore University Press TOURISM IN ASIA: THE ECONOMIC IMPACT Edited by Elwood A. Pye and Tzong-biau Lin This publication reports the research findings of studies done in Hong Kong, Korea, the Philippines, and Sri Lanka where a quantitative assessment was made of the economic impact of tourism on639 words
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Page 7 Miscellaneous
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Miscellaneous936 1984-01-07 7 &R ADIO SINGAPORE 5 1.00 PM Opening and Programme ligh- 8.20 Mac fights folowed by Sesame Street: Bongc Introducing the number 6 and the Herbe letters G and X. tricks 2.05 Saturday Matinee Twirl: A nation- 8.40 Simon al baton-twirling contest provides sand the backdrop to this 1981 Viacom ties):936 words
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Miscellaneous503 1984-01-07 7 AUDITIONS For Carmina Burana, a contemporary German work, and Beethoven's Ninth Symphony. The Singapore Symphony Chorus wants basses and tenors in particular, but sopranos and altos are also asked to apply. The choir is preparing for two June concerts one for the Festival of Arts and the other to be503 words
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Page 8 Advertisements
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Advertisement901 1984-01-07 8 Where to wine, dine and entertain L Co/eman'i f GOVe Lounge Level 5, Peninsula Hotel Normal days: 10 am to 12 midnight Fri, Sat eve of Public Holidays: 10 am to lam Dick and Hans will provide soothing comfort with their brand of Country Western music 7 pm to 12901 words
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Advertisement190 1984-01-07 8 iW L hfL\t A jjrc.it plate to unwind with friends, let our 2 talented bandsentertaui vou \sjth sensational music while vou stp over a t<x>l drink. 20% discount on all drinks durniß happy hours {spm 7pm daily) Business hours; 4.00pm weekdays m on f- f«im I For information reservations, please190 words
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RAW MATERIALS
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Article1142 1984-01-07 9 COFFEE: Robusta coffee futures yesterday posted pared gains of £3 to £24 a tonne at midday after profittaking helped to offset a fresh bout of mixed buying. Most active March ended the morning at £1,989 against a high of £2,000 and previous close of £1,969 bid. Market sentiment1,142 words
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Article157 1984-01-07 9 CHINESE Pndiee ExekMge, Wigipirr, elaslag price* per lMkg yesterday. Cmmil «II: Bulk fob $208.00 sellers, old drum (in second hand drum) fob 1211.00 sellers, new drum fob $225.00 sellers. Capra: Mixed (loose) $120 buyers. Pepper: Muntok white pepper fob Asta NLW $690.00 sellers, Sarawak white pepper faq fob157 words
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Article200 1984-01-07 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa Tan: China Blue Phoenix IPs 3,(BO, 32's 1,370, 4 V» 4,450 (per bale of 400 lbs). Piece Oiifc: China Butterfly and Globe Brand uaq, Dragon Head unq, Five Lambs unq, Flower and200 words
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Article312 1984-01-07 9 SINGAPORE: Yesterday's closing prices in Sf per kilo, ex-godown: THAI WHITE:* 100 per cent first class (Kangaroo) new crop LO5, 100 per cent second class 0.80, 100 per cent third class 0.76, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.61. Special312 words
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Article128 1984-01-07 9 THE Malaysian crude palm oil market yesterday closed firmer as Pakistan's presence triggered strong speculative buying. Sentiment was also aided by a higher Chicago soybean complex close. In the Jan position, south region firmed MJIIO to MJ1.950 a tonne and central by Ms9o to Mi 1,940, while in128 words
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Article224 1984-01-07 9 SOYBEAN futures in Chicago on Thursday closed 15 to 10 US-cents a bushel higher, with March posting a 13 V* -cent range on the day. The gain in old crop virtually erased Wednesday's losses. Slow country movement and a firmer cash basis limited commercial selling, allowing steady buying in224 words
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Article224 1984-01-07 9 WHEAT futures in Chicago on Thursday closed up 3V4 US-cents per bushel in spot March to unchanged in distant March. Nearby March posted a 5Vi -cent range. A lack of overhead sell orders allowed steady buying in March by a wire house and locals to push nearbys higher, pit224 words
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Article253 1984-01-07 9 THE rubber market, interrupted by the long holidays, remained subdued and thin throughout, HslMay, Co tier, Bath 4 Cs said in its review of the Singapore and Malaysian rubber markets (or the fortnight ended Jan 5. With incentive still lacking. operators retrained from opening fresh positions and253 words
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Article305 1984-01-07 9 THE RUBBER market in Singapore yesterday closed quietly easier with January One RSS buyers quoted at 235.00 cents per Idlo, down one cent from Thursday's close. Prices weakened half a cent in the morning session on lower overnight London advices. The market lost half a cent in quiet afternoon305 words
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Article30 1984-01-07 9 Rubber Jan 6 Singapore: January: 236.00 cents (down one cent) Malaysia: January: 258.50 cents (down 2.00 cents) Tin: M 529.15 per kilo (unchanged) 220 tonnes (up 113 tonnes)30 words
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Article73 1984-01-07 9 THE Stralto tin price la Peiaig yesterday remained at the ITA Ont level sf Msa.li a Idle. The halter stack manager cmtiiaed to sippart the market strongly and there was a small amount of demaad (rem leeal latereats. Taraever reae to Ot tomes (ram Thareday'i 197, which dealers73 words
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Article362 1984-01-07 9 RA8 price* In cent* per kilo yesterday: Noon (per kilo) Buym Seller* Int. 1 RAS. prompt f.o.b. 232.50 233JON Int. 1 R.S.S. January 235.50 236.00 lot 1 RAS. February 230.75 340 25 2,100 234. OON UK/Coot 231.00 233 00N 228.00 230.00N H5 7 1 87 00 229.00N 21JJ0362 words
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INTERNATIONAL STOCKS
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Article184 1984-01-07 9 JAN 08 Fra CORBBILLK Alr-tlnnUI. .MI 4-14 Aqultalne Nat On Patrol* BSn Ocrvals Danone 170 BOS 4-4 100 C8F (ThomaonCle Francalae daa Pctrolet Credit Fonder Da Franca OS JO 4-15 1M 512 44 -4 Hachette (Llbrairta).... Mlchelln (B) 1388 171 4-78 4-48 Omnium 980 4-10 Pauaaot PhUlpa (N» Ocm184 words
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Article90 1984-01-07 9 JAN OB rn FORWARD MARKET Ae«e 630 28 Arbad 1386 48 Aitur Bruein OB 1(00 18 +9 Canpic Cock.. 2370 1M 46 De Bacra 422 2 IbM 30 Elcctrotwl 5400 +40 Ob-Inno-Bm 3300 10 o*» 3015 -30 Or Bru Lamb 2525 Hobok SMO I 1S 1 +10 Prtro aoao90 words
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Article94 1984-01-07 9 JAN OB I Butofl Lira 140 4-4 Centraie Ord Cond Acqua Roma Erldanla Flat Ord ***** +96C ni -m 7980 >140 3400 -32 Olm ***** +14C 3040 219 Ill PriT invest 4040 -90 3140 Italcemcnll Ord I taigas epetlt Ord Mediobanca ***** +30 1100 -0 ***** ♦106 ***** 20A94 words
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Article97 1984-01-07 9 JAM OS Dm AM-Teiefunken BASF rrjo 174J0 S.1 2 Bayer BMW 178 JO 04.00 1.4 1 Com merchant Contl Oumml 175-00 134 JO -OJ Daimler-Benz Ml JO Deuuche Bank Dresdner Bank OHH m M< 177.00 190 JO i3 1 2J Hoectist 191.10 (.1 Hooch 110 JO 4.1 Horten 114.9097 words
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Article193 1984-01-07 9 JAM 06 Francs Actions Siil—n Aiuaulan Br Alusulaae Rag. Brown Bovert Br. Cite Oelo Br. Clba Of gjr P C ab« otia Rw Credit Suisse Br Credit Suisse R*f Elektrowatt Br Oeorge Fischer Br Globus Pc 332 900 301 +10 +4 1406 2375 1045 1080 23H 440 ■40 TOO193 words
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Article201 1984-01-07 9 JAM OB C$ Ahltlhl 2SH unch Alran sou Alroma 28'i Bank Mont -u Bank Nova Scotia (tell T«l 33H BP Can Ltd BH unch Braaean »<* Can Imp Bk JOH -H Can Pnn Kg n»nn*r Carting OKmIi 51H +H 23H unch Cmbl Rd i-k S* +H Cn Bthrt CI201 words
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Article277 1984-01-07 9 JAN OB Rand INDUSTRIALS A Alpha 930B -f 10 Abercom 313 30 AE And CI 900 -30 475 2900 15 4-25 Rarlnara 1400 10 C O Smith 2375 Chckert 420 +5 CNA 390B unch Currle Finance 445B Cdiui Fed Volk 9400B 510 10 ru«it 400 Hlvcld 515 4-5 Lib277 words
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Article169 1984-01-07 9 JAN 06 ru ABN ***** Ahold 215.00 •fli Ak«o 108.00 2 AMEV 100.00 Am fas 170 JO 4 J Amrobnk it jo 2.3 Vtr% 3890 0.1 Bols 100 JO 2.7 BorsumlJ 986.00 13 Botka 46.SO 1J Burtet 66 00 2 Caland S8J0 -05 Caiv moo 10 Dell M1J 80.80169 words
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Article1070 1984-01-07 9 NEW YORK WALL STREET stock prices on Thursday posted their second strong gain in as many days as institutional investors were very active in the market. The Dow Jones Industrial Average, which climbed about 16 points on Wednesday, finished another 13 points higher at around 1282. On1,070 words
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Page 9 Advertisements
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Advertisement31 1984-01-07 9 •POLAND •AUSTRALIA 'RUSSIA •JAPAN •VIETNAM "MONGOLIA *USA •CUBA and lots more. STAMPS OF THE WORLD Every week a different Country and .20 stamps to match. w W W c*° *80*' 4*31 words
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3845 1984-01-07 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 after3,845 words
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Article3610 1984-01-07 10 1983/84 High Low Compaay Gp»s Net Last Div Div YTd P/E Sale +or- Crr SECTION ONE Vol Day (*000) High Low INDUSTRIAL ft COMMERCIAL 280 226 Aetna 354 148 Alcom 267 148 AUled Choc 306 154* B A T 22* 410 3S6 Bata 120 82* Ben 40*3,610 words
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Article2060 1984-01-07 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded snown in brackets In lots of 1000 units unless otherwise specified. INDUSTRIALS ACM(2.IOS) AJIMM (3.908 4 OSS) (1) 4.0 C wTw 3148 31<S)2,060 words
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Article788 1984-01-07 10 7 THE SINGAPORE 0t«el Btvke* yeatoriay nw fu tter extemtm of the rUI; f wklek wUrted Im* Tfcarafe; t* dme m a tttmdler aate 0 The drat week of the Set 7 Year ku tku tmrmt* Mt u be very prmhtog. T*teJ fißovec Tfrtfiiij sir 1788 words
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Article351 1984-01-07 10 THE Kuala Lumpur stock market finished steady yesterday in hectic trading as more buyers flooded the trading floor. Reflecting this, total turnover shot up to 16.36 million unite valued at M 552.39 million against Thursday's 14.63 million unite worth $46.03 million. The market opened slightly351 words
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Article190 1984-01-07 10 Mangerf price* for Jm 7 A ■NGAPOBE UNIT HUB DIAMOND MOT STOU TJe Commerce J.57 J.7* Dec Jan The Savtofs Fund 2.11 2.J4 Diamond S'EE 12 S*pare Fd (US|) 0.40 0.5J Spare Sec. Fund 2J4 14 SI 104 ill S'pore Invest Fund 1J3 1 JO S pore Equity190 words
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COMPANY NEWS
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Article26 1984-01-07 11 CEREBOB Pacific Limited: AGM to be held at Room 3704, Level 37, UIC Building, 5 Shenton Way, Singapore 0106 on Jan 13 at noon.26 words
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Article, Illustration1538 1984-01-07 11 CHRIS LIM - Nobody, not even those in the business itself, had dared to predict at the beginning of the year that the local stock market would shoot past the magical 1,000 mark on the Straits Times Industrial Index. They all thought it was highly unlikely then.1,538 words
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Article574 1984-01-07 11 UPI THE SWISS own more equity in US companies than any other European nation, but the British are more active traders. The French are hampered by currency controls and the Germans prefer bonds to stocks. Those are some of the conclusions of a study onUPI - 574 words
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Article172 1984-01-07 11 Reuter FAR Eastern and European stock markets will score greater gains this year than will US markets, according to a panel of investment advisers. Stronger economic recovery around the world in the face of a slowing US recovery will account for such market differences, the advisers,Reuter - 172 words
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ASIAN STOCKS
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Article411 1984-01-07 11 HONGKONG STOCK prices yesterday closed firm and the Hang Seng Index surged over the 900 mark to close up 28.57 points at 909.56, its highest level since last September. Dealers attributed the surge to the general bullish trend on overseas markets. They said the local market was411 words
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Article420 1984-01-07 11 SHARE prices yesterday rose for the seventh successive day and ended at record levels after fluctuating widely in hectic trading. The market average rose 14.39 from Thursday's close to finish at a record closing high of 9,961.25 on a volume of 720 million shares. The420 words
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Article87 1984-01-07 11 JAN 08 Pno. Acoje Mining Anglo PhU Ape* Mining B L_ 0 000 unch Alia* Con. B. unch Baguk) Oold BtMic Petroleum 0.007 unch Benjpiet Con B 124 unch rir»t Phii Hidgs ioo* -ooe L*P»nlo B 0.0096 unch Mariitduque B 6 unch Minutl Oriental B MB 0001 PhU Oveneaa87 words
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Article135 1984-01-07 11 SHARE prices yesterday closed slightly higher on an improved turnover. JAM 06 Bahte Aofcham Thai AM* ribn in unch Ayuthajra In*. And TniM Bangkok Bulk Bank Of Ajrudhajtt Ltd 242 154 unch Bata Shoe Bcrli Jucktr Charoonf Thai WIT* Ml unch Flrmtone Flrit Trust S1J5 unch Ooodjrear Industrtal FlnanCe135 words
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Article388 1984-01-07 11 WALL Street's second strong gain this week coupled with firmer base metal prices gave shares a boost in active trading on Australian share markets yesterday. The All-Ordinaries Index closed 2.9 points higher at 786.4. Rises led declines by about 10 to seven. Diversified miners closed mixed with a firmer388 words
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Page 11 Advertisements
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Advertisement63 1984-01-07 11 TENDER NOTICE An international shipping agent invite local Stevedore Contractor to tender for the following services: 1) Stevedores 2) Tally Clerk 3) Storekeeper 4) Relevant loading/unloading equipments Requirement: Applicant should be able to handle 30,000 tonnes of cargoes per month in Port of Singapore Authority Premises. Tender documents should be63 words
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Advertisement127 1984-01-07 11 ii.YiinVjj.'ij.rrrren in Singapore—. Edited by Saw Swee-Hock Lim Choo Peng volume comprises a selection of some range subjects relating to the securities industries in general and the Singapore ;f.^f!f§ stock exchange in particular. The articles have been selected from Singapore Stock Exchange Journal published by the Stock Exchange of Singapore127 words
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Article, Illustration871 1984-01-07 12 NAJEEB JARHOM - HUB wwwV€ Companies Editor: ALAN LEE By NAJEEB JARHOM CYCLE and Carriage Ltd, while aiming to be a welldiversified conglomerate within the next 10 years, is still very much committed to its traditional motor vehicle business as evidenced by its latest $50 million871 words
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348 1984-01-07 12 THE Kuala Lumpur Stock Exchange has named the 20 out of the 260 listed companies that will be included in the trial run of its computerised clearing system beginning on Monday. According to KLSE chairman Abdul Razak bin Sheikh Mahmood, the 20 stocks348 words
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Article813 1984-01-07 12 STOCK prices were higher at the outset yesterday. ThtrwUy'i closing middle prices of selected stocks, excluding stamp duty, were: INDUSTRIALS Allied-Lyons 146 +4 Aas. Dairies 158 BTR PLC 420 unci) Babcocks 106 Barclays 90S +20 Beechams 310 +7 BICC 248 +5 Blue Circle 423 +2 BOC Group 285813 words
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LATEST RESULTS
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Article43 1984-01-07 12 has reported group operating profits before tax of MJ64.87 million ($54.99 million) for the year ended Sep 30,1963. A final dividend of 10 per cent less tax has been recommended payable on March 3 to shareholders registered on Jan 31.43 words
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Article133 1984-01-07 12 Reuter STOCKBROKENG firm De Zoete and Be van «ih it bought on Thursday on behalf of a BAT Industries PLC subsidiary 6.69 million shares of Eagle Star Holdings PLC at 693 Vip a share. BAT is currently ma icing an agreed bid for Eagle Star atReuter - 133 words
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Chief Price Changes
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Article185 1984-01-07 12 Rises Indices Toshiba 850 110 Jan 5 Jan 6 M A A 1050 50 CASH 50« 338 50 BT Composite: 966.85 ***** DBS 1070 40 BT Indicator: ■xnrxn *****97 Jacks Int M B F Hldgs fM>« O C B C 695 316 1100 35 33 20 ST Industrials: ST185 words
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Article, Illustration166 1984-01-07 12 Rises Indices Toshiba 930 +90 Jan 5 Jan 6 CASH 386 +81 Jacks Intl 770 60 MBT Indicator: *****06 *****65 Kampong Lanjut 600 40 NST Industrials: 1425.50 1436.05 Landmarks 410 26 NST Finance: 2696.83 2702.16 K Sidim 640 25 NST Hotels: 659.65 660.53 Lingui 326 20 NST Properties:166 words
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Article51 1984-01-07 12 H.K.HANG SENG Friday 908.56 Thursday 880.90 Week Ago 874.94 AUSTRALIAN INDUSTRIALS Friday.. 1020 3 Thursday 1018.7 Week Ago 1004.4 ALL ORDINARIES Friday 786.4 Thursday 783.6 Week Ago 775.3 FINANCIAL TIMES INDUSTRIALS Thursday 783.6 Wednesday 770.3 Week Ago 772.5 DOW JONES AVERAGE INDUSTRIALS Thursday 1282.24 Wednesday 1269.05 Week Ago..51 words
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276 1984-01-07 12 WISE mwhetfcr Berjaya Kawat Bhd, which recently saw a shift ef caatrol lata the hands of two yaaag Malayslaa eatrepreaears, has pasted marked lmprevemeat la earalags fer the first six maaths eaded Oct SI, IMS. At the graap level, Berjaya maaaged te stage a276 words
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418 1984-01-07 12 Bernama PEGI Malaysia's Bhd is in favour of Dunlop Holding PLC's proposal to raise its borrowing limit by about £150 million to £600 million. This support will help Dunlop carry through the proposal when it is put to the vote on Jan 26. Dunlop'sBernama - 418 words
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Page 12 Advertisements
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Advertisement118 1984-01-07 12 How to deal with everyday ailments. The next best thing to having a doctor in your family. in J Exercise Relaxation The collected advice of a group of highly qualified and experienced doctors, presented clearly and concisely. How to give emergency first aid How to correctly identify symptoms and take118 words
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Advertisement25 1984-01-07 12 UTRW9 EXHIBITION AND SALE OF ANTIQUE CHINESE CERAMICS. OIL LAMPS A PERIOD FURNITURE at the Windsor Room Goodwood Park Hotel OPENS TODAY 10a.m. to 9p.m.25 words
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Page 12 Miscellaneous
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Miscellaneous68 1984-01-07 12 WEAT HERi OUTLOOK for today: Partly cloudy and windy throughout; with occasional passing showers in the evening. Report for 24 hears prtor to 7JI pm en Ju C at the airport: Maximum temperature 30.1 Associated humidity 69 Minimum temperature... 23.6 Associated humidity 92 Hours of sunshine 6.50 Rainfall in millimetres68 words
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