The Business Times, 14 January 1984

Microfilm: NL14357
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, JANUARY 14,1M4 60 CENTS
    11 words
  • Article
    Talks on air links between Canada and Singapore
    218 1 CIVIL aviation authorities of Singapore and Canada will meet from Jan 24 to 27 to work out an air service* agreement that will allow for air links between the two countries. This second round of talks will be held in Singapore. The
    218 words
  • Article
    Traditional source workers re-classified
    194 1 «nJ-gn labour from Hsngkong, Macao, South Korea and Taiwan will be classified as traditional source workers from Feb 1, and those with relevant will be allowed to remain here beyond 1991. The Ministry of Labour said yesterday that this move is to ensure that Singapore has
    194 words
  • Article
    Partner of legal firm sued by HK party
    184 1 THE SENIOR partner of the law firm of Lee A Lee, Mr Dennis Lee (Lee inw Tew), has been sued to the time of at least HK$3OO million in the Hongkong High Court for negligence. The plaintiff is Mr Eddie Wong Wing
    184 words
  • Article
    Banks to report daily forex deals to MAS
    505 1  -  By SOH TIANG KENG THE Monetary Authority of Singapore has assumed a bigger "watchdog" role in the foreign exchange and money markets here. In a move to sharpen its intervention strategy and to check rampant speculation, the MAS has ordered commercial and
    505 words
  • Article
    Jakarta fuel price rise will hit local traders
    365 1  -  By LOH HUI YIN LAST Thursday's fuel price increases in Indonesia will have damaging repercussions on its business with the Singapore oil market. The oil trading community said its sales of petroleum products to Indonesia will dry up following the price increases.
    365 words
  • Article
    FIRST IN COMPUTERISED MOTORBIKE INSPECTION
    98 1 SINGAPORE will be the On* eeaatry ta the world to have tally >»■■■!ntail l—pettl— Mhwwta Although the iiislprol eecnee hi hm the eenatry dees set hue tally nipetwtoui vystom. Part ef Jifiat Behwyde twpeetfew, wUeh are net eempels«y, are tae maaaally. Cswpalssry swtoctytjh) I«|hHim will
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  • Article
    PRS intends to sue Jasper on Teresa's concerts
    333 1  -  By RICHARD SEAH TERESA Teng*s concerts, which ended yesterday, might have appeared as sweet victory for show promoter Jasper Productions. But Jasper's king-drawn battle with the Performing Right Society over royalty payments is far from over. The society now intends to file
    333 words
  • BRIEFLY...
    • Article
      Lock icon Encroachment
      61 1 Bernama ACTING Malaysian Prime Minister Datuk Musa Hltam has directed the Agriculture Ministry to investigate reports of the encroachment of foreign fishermen into Malaysian waters. In a statement issued by the Prime Minister's Office yesterday, he said the directive has been made following an appeal by the chairman of
      Bernama  -  61 words
    • Article
      Lock icon Syndicate stealing
      52 1 Bernama AN INTERNATIONAL syndicate has been stealing computer memory components from electronic factories in Malaysia, Trade and Industry Minister Tengku Ahmad Rithauddeen disclosed yesterday. He said that the syndicate had been detected in Penang and investigations were being carried out. However, he declined to say when the syndicate
      Bernama  -  52 words
    • Article
      Lock icon Customs tariffs
      70 1 Reuter TAIWAN'S Parliament has approved a Finance Ministry proposal to reduce customs tariffs ranging from 5 to 45 per cent on 280 items in an effort to balance trade with the US and Europe. Among the 280 items affected are perfume, wool, cosmetics, zips and bicycle parts. A
      Reuter  -  70 words
    • Article
      Lock icon Per capita income
      68 1 Reuter THE world witnessed a record 65 per cent rise in average per capita income in the two decades 1960 to 1980 but the poorest nations got least benefit, the International Labour Office (ILO) said. In 1980, countries with a per capita income of US$26O recorded only
      Reuter  -  68 words
    • Article
      Lock icon Payments surplus
      63 1 Reuter JAPAN nearly trebled its balance of payments surplus with the rest of the world in 1963. It exported goods worth a record U5520.45 billion more than its imports. The Finance Ministry said yesterday that the figures, compiled from the flow of goods through customs points, compare with
      Reuter  -  63 words
    • Article
      Lock icon Hello-girls to strike
      64 1 Reuter MALAYSIA'S 2,500 telephone operators will go on strike on Feb 16 if their demands for higher wages are not met. G Parameswaran, secretary of the National Union of Telecoms Employees, said yesterday that employees of the government-run Telecommunications Department would stop metering and pricing international and
      Reuter  -  64 words
    • Article
      Lock icon Nippon Tobacco
      48 1 AFP THE state-run Japan Tobacco and Salt Public Corporation will set up a private firm on April 1 designed to export Japanese cigarettes mainly to South-east Asian countries. The protected firm, to be called Nippon Tobacco International, will be capitalised at 550 million yen (US$2.2 million).-AFP
      AFP  -  48 words
    • Article
      Lock icon Note changes
      49 1 Bernama BANK Negara Malyasia will issue currency notes with new designs for the $1, $5 and $1,000 denominations from Monday. Its governor, Tan Sri Aziz Taha, said in a statement yesterday that the issue of the three denominations would complete the new series of Malaysian currency notes.
      Bernama  -  49 words
  • Article
    HK likely to approve financial futures trading by and-Feb
    232 1 THE n—ft—| pvenaeat J* Ike mi ef next wmmtk far the tatradaettea af flaaaetal fatares tradlag, SeeuWa Mi CmmMm Tradlag CNuWmr Rikrt Pell nU. Bmwr, tnte «f u iaaagaral eaatraei, hased m Ike nMg Beag tain, weald ■riteMy art eeume kefete
    232 words
  • Article
    SBC to earn $15m a year from news commercials
    504 1  -  By JAIME LYE THE Singapore Broadcasting Corporation stands to earn about $15 million extra revenue a year by introducing commercial breaks into its daily English and Mandarin news bulletins. This figure may be higher if SBC raises its basic rates for
    504 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      234 1 Leisu retime... Sporex-Asia *84 S.E. Asia sth International Exhibition of Sports Equipment Leisure Goods 19 22 JANUARY 1984 WTC An Interfama organised show Tel: *****12 THE Monetary Authority of Singapore is now keeping a closer tab on changes in top management and the boardroom of finance companies Page 2 THE
      234 words
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      Page 1 Advertisements Column 2
      43 1 S$ FIXED DEPOSITS We offer you one of the highest interest rate. Jf/ /r o 1,3,6 and 12 months 'Applicable to 5520,000 and above and are subject to change without notice. IB BANQUEINDOSUEZ 3 Shenton Way #01-05 Shenton House Singapore 0106 Tel *****11
      43 words
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      Page 1 Advertisements Column 3
      282 1 Leisuretime JK Boat-Asia '84 S E Asm 4th International Exhibition of Boats. Pleasure Crafts Ancillary Equipment 19 22 JANUARY 1984 WTC An Interfama organised show Tel: *****12 MEMOS FOR MANAGEMENT LEADERSHIP James L Hayers The 49 articles in this superto collection gleaned from James L. Hayes' highly regarded "Memo for
      282 words
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  • BANKING AND FINANCE
    • Article
      New MAS rules for finance companies
      427 2  -  By SOH TIANG KENG THE Monetary Authority of Singapore is now keeping a closer tab on changes in top management and the boardroom of finance companies. In a recent notice MAS told finance companies to obtain its approval before the appointment of chief executives,
      427 words
    • Article
      Lock icon Foreign bank entry debate
      216 2 FT THE readiness of the Australian Treasurer, Mr Paul Keating, to grant licences to foreign banks is likely to provoke bitter resistance from the left wing of the ruling Australian Labour Party (ALP). Mr Keating said in Melbourne on Wednesday that the Martin Committee Report on
      FT  -  216 words
    • Article
      Lock icon Call to free European currencies from rising dollar
      178 2 Reuter THREE International currency blocs should be set up to end sharp fluctuations in exchange rates, Herbert Ehrenberg, economics policy spokesman for the West German opposition Social Democrats (SPD), said. A parliamentary party statement quoted him as saying It is vital to
      Reuter  -  178 words
    • Article
      Lock icon Manila faces another peso devaluation
      369 2 Reuter THE PHILIPPINES might have to devalue its currency again or introduce a twotier exchange rate as part of the price for help from the international financial community, hanking sources said. They said on Thursday that a surprise overhaul at the top of the central
      Reuter  -  369 words
    • Article
      Lock icon Latin Americans unite to form bargaining front
      197 2 Reuter LATIN American officials meeting in Quito, the capital of Ecuador, will study a draft proposal to form a collective bargaining front with Western banks if lending terms are not softened in the future, conference sources said. The issue was being considered as
      Reuter  -  197 words
    • Article
      Lock icon Fed leaves M-1 growth alone
      172 2 Reuter FEDERAL Reserve Board Governor Lyle Gramley disputed the theory that the recent sluggish growth in the money supply will stall the recovery. He sees no reason why the central bank should try to speed up money growth. "In my Judgement, adding more to reserve
      Reuter  -  172 words
  • MONEY AND EXCHANGES
    • Article
      PLR
      22 2 THE average rate at which major Singapore banks are carr4ntly prepared to lend to their best customers is 9.10 per cent.
      22 words
    • Article
      ASIAN $ RATES
      185 2 ASIAN RATES ASIAN currency deposit Interbank rates as at 5 pm on Jan 13: UIMkn Offer Bid 7 days 911/18 8 9/16 1 month 9*i 2 month* 13/16 9 13/16 3 months 101/16 S13/16 6 month! 10* 10H 9 months 107/16 10 3/16 12 months 10 9/lfl 107/16 Dm. IWM
      185 words
    • Article
      Discount
      48 2 RANGE of prt sm often ed by dlscount houses oo Jan 13: Ovcratcht: 1 Call (Wpoatta 1 3 9m$m 3-month MHH Treasury bills 2H JH S- month Bank bills 711/16 7 9/16 3 months CD 7 ft/16 73/16 6 months CD 7% 7M Source: National Discount Co
      48 words
    • Article
      Treasury bills
      49 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued frm Jan 16 to Jan 19. Offered: $130,000,000 Ippirl far: $181,000,000. IHrtnl $130,000,000 Accepted Mis: $99.33 approximately 72 per cent; higher bids in full. Average rate ef dtseeaat sa aUatmeat: 2.680 per cent per annum.
      49 words
    • Article
      Hongkong
      66 2 THE US dollar picked up on chartist buying in fairly active late trading yesterday. Banknote rate* yesterday: (HK per 1): US 7.77/7.79 UK 10.73/10.93 Brunei 3.63/3.65 W Germany 2.73/175 Malaysia 3.31/3.33 P+l 111 T|_l 0.36/0.38 Singapore 3 64 3 66 (HK per 10): BMrm* L 50/2.50 Tiwtta 5.80/6.00 (HK
      66 words
    • Article
      London
      60 2 THE dollar yesterday opened steady in a quiet but still nervous market as traders awaited US economic data due out later. Opening quotes yesterday: US 1.3990/4000 Can 1.7487/91 Croat DMk DF1 S FY 3.1385/1415 B FY coo F FY 12.1145/1285 Lit 2397.06/2401.20 Yen 327.99/328.51 DKr 14.3275/3430 NKr 11.0915/1050 SKr
      60 words
    • Article
      Singapore market
      496 2 TRADING remained quiet on the local foreign exchange market yesterday. The US dollar continued to strengthen against most major currencies. Against the local unit, the American dollar opened at 552.1305/15. Trading stayed at the opening level for the whole day, moving between a mere two to three points,
      496 words
    • Article
      Gold
      309 2 SINGAPORE gold futures yesterday closed firmer on local buying interest in light trading Total sales for the day were recorded at 62 lots while kerb volume was 96 lots. Prompt closed higher at US$372/374 an ounce against New York's $370/371 close, February at $374-50/375.50 against $371.50/372.00 and April at
      309 words
    • Article
      Silver quotes
      37 2 New Tort 8.088 8.Q2B ■.US 8.07S Zurich 8.03B 7 .KB IK 7 .ITS PM An iSlltfllM t LOK 8MB 8.14S IMS CkMing prk MS la US dollar* a troy ounc c. Source: Credit Suisse, S'pore.
      37 words
    • Article
      Tokyo
      109 2 THE DOLLAR yesterday closed little changed in thin, featureless trading ahead of a long weekend in Tokyo with a national holiday on Monday. Operators held off ahead of the announcement later yesterday of US December retail sales and industrial output data, which were expected to confirm the vigour of
      109 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      103 2 yiLI'JS. W UJJ n-- ->1 K««*«=s ____CES2a^ fcr J c 4 i£§M*£**** ™kfi> tfu ti XJ/ I -MIN. £e«* ;:r.; «ia« Transportas/?//? Our readers still take the bus but nowadays that includes the Airbus. They're still a good market for bicycles but only for their children. They tend to buy
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  • HOME NEWS
    • Article, Illustration
      Shangri-La spends $4m on Japanese restaurant
      470 3  -  By AMY BALAN SHANGRI-LA Hotel is moving in a big way to capture the top-end of the Japanese exquisite cuisine market. Sparing no expense, the hotel has put in more than $4 million to set up Nadaman, a well-known Japanese restaurant, in place of
      470 words
    • Article, Illustration
      OUB to install musical ATM
      198 3 BANKS in Singapore are no longer satisfied with Just installing automated teller machines (ATMs). The Overseas Union Bank (OUB) has now laid claim to having the Republic's first and only talking and musical ATM. To be located at the bank's latest branch, which will be
      198 words
    • Article
      Singapore to establish trade office in Dubai
      435 3 SINGAPORE will capture a larger slice of the Middle East market when the Trade Development Board (TDB) opens its overseas trade office in Dubai of the United Arab Emirates (UAE). This will be the second TDB office in the Middle East. It has
      435 words
    • Article
      How to succeed in exporting to the US
      311 3 LOCAL exporters have to concentrate on consumer goods and medium technology products in order to penetrate the American market more successfully. This was one of the suggestions given by the Trade Development Board's (TDB) overseas trade office at a series of export-oriented
      311 words
    • Article
      Sime Darby chief not too optimistic about future
      138 3 THE ntoliw af Sine Darfcy, Tu Tu Onr Bta, to Mt my aknl Ike fatan keeiiM to feeto (tare to ae aMe HHuMf to Ike teteetrtol mil to nirc the preMeaai •< Ike hace tokto to Latto Ameri- Ike newtot Mleito to
      138 words
    • Article
      Speedpost to Qatar and Sweden
      77 3 SPEEDPOST service will be introduced to Qatar and Sweden from Monday. Business and commercial papers, business samples and merchandise may be sent under the service. However, each item must not exceed 20 kg. The charges are 140 for the first half kg and 17.50 for
      77 words
    • Article
      HDB to build more than 3,000 flats at Bishan estate
      239 3 MOBE thaa IJM 111 ids t aid DtTChfßMt Baard Bate estimated to be worth Abmi thaa are 9SI HUDC flats wMeh win be nwflitrl by the third qaartor rf 19H. Ike rest are (MM), fear-taeai aatto (Ml), Oversea salts (»42)
      239 words
    • Article
      Teenscope to lift off where Grow left off
      209 3 GROW Magazine (ailed because it tried to cater (or too wide an audience. Arising out of its ashes will be Teenscope, which, as the name suggests, caters (or students in secondary schools and Junior colleges. The Minister of State (or Education, Dr
      209 words
    • Article
      RELC to offer courses in applied linguistics
      185 3 THE Regional Language Centre (RELC) will be ottering scholarships In applied Hngntortf in the academic year July 1984 to June 1985. Eligible officers in the education service should submit their applications to the Ministry of Education by Jan 18. There will be a
      185 words
    • Article
      Jeya-Wong verdict today
      130 3 THE outcome of the trial of Workers' Party secretarygeneral J B Jeyaretnam and its chairman, Wong Hong Toy, will be known today. Senior District Judge Mr Michael Khoo will be delivering the verdict this morning after having heard the final submissions from the prosecution and the defence
      130 words
    • Article
      Let ASG add colour to your signboards
      469 3  -  By JOANNE YAP A ONE-MILLION-DOLLAR Joint venture has been set up to offer architects, developers and private Individuals signs produced through an unusual technology. ASG Colour Signs Singapore (Pte) Ltd, a member of the Times Organisation, is Jointly owned by the group and
      469 words
    • Article
      Sisir invites comments
      343 3 THE .Singapore Institute of Standards and Industrial Research (Stair) has invited the public to give comments on specifications for the following items before they are approved as Singapore standards: Low-voltage control-gear Specifications apply to contactors intended for closing and opening electric currents. a Frame scaffoldings used for
      343 words
    • Article
      World plastics conference in March
      291 3 A LEADING British scientist will preside over an international conference on plastics in Singapore this March, in conjunction with the Rubberplas '84 exhibition. He is Dr AAL Challis, who retired recently as chief scientist in the British Department of Energy. Prior to this post, which
      291 words
    • Article
      American senators arrive on study mission
      179 3 US SENATORS Mark Hat* Odd and Thomas Eaglston arrived in Stagapore fronf Mm* yesterday oa a study mlssliiii Seaator Hatfield, Republican from Oregon; and Senator Eaglston, r Democrat from Missouri, win be dlsrusilui trade andinternational relations, dej fence and world hanger wtt£ several parties
      179 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      57 3 A French bank banks on security. That's why the BFCE chose the ultrareliable 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. dfcs DTS Singapore Pte Ltd 2 Alexandra Road #03-018, Delta House
      57 words
    • Advertisement
      Page 3 Advertisements Column 2
      94 3 Pan-Wfest Centrepoint l r names in golf f f fl W V LJ M Honma, MacGregor, Lynx, Titleist and more...all the housebote 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
      94 words
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  • OVERSEAS
    • Article
      Lock icon Reagan and Zhao sign cooperation agreements
      483 4 UPI CHINESE Prime Minister Zhao Zlyang and US President Reagan have signed scientific and industrial cooperation agreements which they said symbolise Improving US-Chinese relations and herald "a better day" for both nations. "We are helping ourselves by helping each other," Mr Reagan told the
      UPI  -  483 words
    • Article
      Lock icon Art sales increase as world recession ends
      705 4 Reuter ART collectors and Investors are celebrating the end of the recession with a spectacular buying spree that is pushing prices for paintings, furniture and other works to record heights. Auction houses In Europe and the US report a sales boom In the
      Reuter  -  705 words
    • Article
      Lock icon Hongkong taxi drivers protest
      376 4 AFP MORE than 1,000 taxi operators In Hongkong sought help from China In their protest against licence-fee increases which has sparked a mammoth park-in movement and traffic chaos. Police said that more than 700 on Thursday were double-parked along the colony's harbour front motorway leading to
      AFP  -  376 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      746 4 ARRIVALS Scrriee Local Operator Nnaber Time From FT SIA CAL FT71 8 0040 QUO 0150 JFK/ORD/ANC/ NRT/TPE LAX/TYO TPE PAA MAS cv MAS sv MAS SIA CAL RBA MAS CPA GIA SIA SIA THAI MAS MAS GIA SIA SIA SIA SIA GIA PAS MH601 cm MH671 SV306
      746 words
    • Article
      Lock icon Prospects still good for oil find in South China Sea
      239 4 Reuter PROSPECTS (or discovering oil In the South rhinn Sea are still very good in spite of disappointing results from British Petroleum Co PLCs first well, a Far East oil report from UK brokers Wood Mackenzie said. The BP well,
      Reuter  -  239 words
    • Article
      Lock icon Esso to spend M$1bn on exploration, production
      134 4 Bernama ESSO Production Malaysia Inc is expected to spend between M|l billion and $1.1 billion in oil exploration and production this year. Its production manager, Mr EM Flint, said by the end of next year, Esso would have invested about 15 billion 'exploring
      Bernama  -  134 words
    • Article
      Lock icon Sinclair launches first personal business computer
      300 4 FT SINCLAIR Research, the British company founded and owned by Sir Cllve Sinclair, has launched its first personal computer for business use at £399, substantially less than any other competitive product on the market The new system is expected to farm the basis of
      FT  -  300 words
    • Article
      Lock icon French farmers release British lorry drivers
      240 4 Reuter TWO British lorry driven held captive by militant French farmers for two days were set free on the outskirts of Paris yesterday. About 360 livestock farmers, angered by meat imports from other European Economic Community countries, made the drivers reluctant participants in their
      Reuter  -  240 words
    • Article
      Lock icon Higher margin for February contracts
      166 4 Reuter THE Kuala Lumpur Commodity Exchange will double the margin on February palm oil futures contracts from Jan 20. The exchange wanted to introduce the new M 56.000 per lot deposit requirement yesterday as prices continued to soar but delayed the move one week after
      Reuter  -  166 words
    • Article
      Lock icon Panel says America can save US$424bn
      126 4 Reuter A PRESIDENTIAL cemmlsden m reducing easts has made pnhUe nearly IJM rertmmnadatiana m hew the US Government can save 1'***** Mitten ever the next three years. "The gevenuneat Is ru herrlhlj," commission chairman Peter Grace said la Washington aa Tharsday. Many of the
      Reuter  -  126 words
    • Article
      SHIPS IN PORT
      1138 4 Ship RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Voy Arrival Operator Gdns FCL Location B Seroja Keum Glory L&mpung Sea Glory Sea Fortune Chev Roze Tambang VII Harvester Axel Maersk PTaft Adam Mlckle B Dahlia B Penaga B Butang Strathettrlc B Gelang N Topaz Lexa Maersk
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    • Article
      Lock icon Strong rise likely in spending by US industries
      324 4 FT, UPI THE US Commerce Department is expecting a strong rise in capital spending in new equipment by American industries this year. This forecast will be welcomed as an indicator of continued strength for the US economy. The department's annual survey of
      FT,; UPI  -  324 words
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      Page 5 Advertisements Column 1
      405 5 mmm SWWR V rt X W. y >•• \..v■HBRP SiSijirtMM «> .>,,, y: -•v S iiiiMiilmlßlilitiiriii ii fcv 1 H2 .v 1 S i'S i V Pi ijpw 9 i ;••••> 9 r m >v •v:' > Si A '-V.. V i 0 J f <+ f 'v m $<
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  • Article
    Not a good way to sell news
    498 6 "IT'S nine-O-five pm. This is not the news from the Singapore Broadcasting Corporation." Television viewers would, of course, not be hearing such an announcement when commercial breaks are slotted during news bulletins next month. Instead, they might be reminded that "the airline with
    498 words
  • Article, Illustration
    A year of optimism for oil exploration in Australia
    1337 6  -  Last year went down as one of the most significant in the history of Australia's oil exploration industry. It may not rival the discovery of the huge Bass Strait in the mid-Sixties but it will nevertheless go some way to top
    1,337 words
  • Article
    Fast food's take-it-or-leave-it choice
    359 6 POPOPfI THE "sportiest fast food around" is supposed to be found at the Singapore Squash Centre but the restaurant there does not appear to be very sporting when it comes to advertising its offerings. The place offers "three choice chicken" and flashes the slogan, "choose as
    359 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      33 6 WAS ORWELL RIGHTor WRONG? *9 Read it now in Penguin! Available at all leading bookshops distributed by IKEI FEDERAL PUBLICATIONS LfUi 2 Jurong Port Road Singapore 2261 A member of The Times Organisation
      33 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      807 6 -11-OK CROSSWORD CRYPTIC PUZZLE ACROSS 9 Escape but are OK when rounded up (5, 3) 10 How the Frenchman said the duck had a name (3) 11 At one point, routed the Roman Invader 12 Having Landed has turned round again (6) 13 Say how wonderful the girl is back
      807 words
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  • TIME-OFF
    • Article, Illustration
      Chang's celebration of life
      433 7  -  By PENG AILIAN IT IS easy to see why master painter Chang Dai-chien commanded such a wide following. His subjects are invariably colourful and appealing from lotus blossoms and Chinese landscapes to scenes of idyllic village life. Human figures are unimportant to him. They are more
      433 words
    • Article, Illustration
      Test for high-fliers
      402 7  -  By LISA LEE THEY spread the sticky glue onto the brightly painted wash], paper of wood fibres, and painstakingly folded it over the bamboo framework. In their usual meticulous fashion, the Japanese were putting together an O-Dako, whose design and structure is more than 300 years old.
      402 words
    • Article
      Garufalis mixes law with fine art
      217 7 ARISTOTLE Garufalis Is a performing classical pianist as well as a lawyer. Bern in Samos, Greece, in 1142, Garufalis had his first plan* lessons In Samos before moving to the National Conservatory In Athens. He went on to study at the "Moxartenm" Academy of
      217 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      114 7 f i v I In even organisation there's always someone in the dark. Are you that someone? You can't afford to do business with blinkers on. Keep voursell informed and in touch with the trends, the nse-and-falk. the latest developments. In every monthly issue of Singapore Business Vlaga/ine we open
      114 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      822 7 KRnmi C SINGAPORE 5 J 12.50 PM Opening folowed by Sesame Street: The number "7" is featured with letters "C" and "G". 1.50 Flash Gordon (Cartoon) 2.15 Saturday Matinee Up Periscope 4.10 ABC Wide World of Sports (Last episode): Featuring the Summer National Drag Racing Championship, the World Invitational High
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    • Miscellaneous
      Page 7 Miscellaneous Column 2
      486 7 WHAT'S ON AUDITIONS Singapore Festival of Arts '84 holds two more auditions at the National Theatre for people who want to take part in the local English drama which will be directed by Tzi Ma. Jan 21, 2pm-7pm and Jan 22, 10am-7 pm. For details contact Jessieca Leo, *****91 ext
      486 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      259 8 Where to wine, dine and entertain 4 "Let's hayp i NmyaTood vJt this Sunday" "Daddy, what's Nonya food?" "Nonya food is a creative cuisine developed by the early Straits settlers. It uses Chinese ingredients with Malay seasoning and cookinjr style." "Is it nice?" "It is not only nice, but wholesome
      259 words
    • Advertisement
      Page 8 Advertisements Column 2
      209 8 f (IkJIU JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. ()pen dink Im< >» >m ,'> p m h >0 p "i 10 it) p m I or reservations call 737 L H)77 j (S) < i ii'k Slht:ilmi Si1 i| h>r< 1 Ndsst'Ti Hm S 1i
      209 words
    • Advertisement
      Page 8 Advertisements Column 3
      210 8 Pqcl.sidc Hmf (icirdep Mon to Sat: 4 30 pm 7 30 pm Level 6, Peninsula Hotel RELAX with a chilled frothy Anchor Draft in hand 'Xtra Attraction Fashion Show at L ■rr —wl r *M" "mm, -.'\J r, IC_ SEAFOOD THEATRE RESTAURANT I i wt J* m Please call *****83
      210 words
    • Advertisement
      Page 8 Advertisements Column 4
      290 8 HK3ON INTERNATIONAL SINGAPORE Distinctively Hilton in Style The Very Best of France! Chef Roland Mazcre from the Perigord, the heart of French culinary excellence, will be at the Hilton for ten days this month. That's when you can enjoy rare treats of his exquisite creations. French Gastronomic Festival The Harbour
      290 words
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      Page 8 Advertisements Column 5
      189 8 Daily Buffet Lunch at GOFFEE GARDEN Beef Curry. Pork Suarenbs Ayam Panqqanq, Roast Leq of Lamb and many more delicious d'shes 12 noon 2:30 pm Adult: $14 Children under 12: $10-t m ss n "n" For reservations, please call *****22 ext 142/917 or direct line *****42 :«i§ restaurant Try our
      189 words
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  • RAW MATERIALS
    • Article
      PALM OIL
      103 9 THE Malaysian crude palm oil market was featureless yesterday on lack of interest as activity centred on the palm oil futures market. January deliveries in the north region traded at M 52,320 a tonne. The refined market was also listless, with buyers sidelined due to high asking levels.
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    • Article
      SOYBEAN
      191 9 WHEAT futures in Chicago on Thursday closed mostly higher, up 1V« US-cents a bushel to unchanged in quiet trade. Prices traded in a narrow two-cent range. Wheat values received support from China's statement that it would honour the terms of its long-term US grain agreement by purchasing its full
      191 words
    • Article
      WHEAT
      209 9 SOYBEAN futures in Chicago on Thursday closed mostly higher but off the day's highs, up 5V4 US-cents in spot January to off Vj cent in November. Prices ended near the bottom of an 11-cent range. Follow-through buying, along with a weaker US dollar against many other currencies, pushed prices
      209 words
    • Article
      Produce exchange
      158 9 CHINESE Prsdaee Exekaage, Magapsrc, aaaa clsriag prices per lttkg yesterday. Caesaat alls Bulk fob $206.00 sellers, old drum (in second hand drum) fob $221.00 sellers, new drum fob $225.00 sellers. Cspra: Mixed (loose) $120 buyers. Pepper: Muntok white pepper fob Asta NLW $690.00 sellers, Sarawak white pepper faq
      158 words
    • Article
      TEXTILES
      202 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Csttoa Yam: China Blue Phoenix 20' a 3,000, 32' a 3,350, 40's 4,420 (per bale of 400 lbs). Piece Oiiii: China Butterfly and Globe Brand unq, Dragon Head unq, Five Lambs unq, Flower
      202 words
    • Article
      RICE
      321 9 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first (-'lass (Kangaroo) new crop 1.05, 100 per cent second class 0.82, 100 per cent third class 0.78, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.63, Special
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    • Article
      CLOSING PRICES
      30 9 Rubber Jan 13 Singapore: February 242.00 cents (up 1.75 cents) Malaysia: February 266.50 cents (up 0.50 cent) Tin: M 529.15 per kilo (unchanged) 220 tonnes (down fire tonnes)
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    • Article
      Straits Tin
      89 9 THE Straits tin price In PMiag yesterday remained at the ITA fleer level ef M 529.15 a kilo reflecting the continuing shortage of demand. Dealers said the price was likely to stay at this level for seme time as It was currently at a premium of between £9M
      89 words
    • Article
      Lock icon China's rubber output
      87 9 Reuter CHINA'S 1963 natural rubber output rose 6.6 per cent to 160,000 tonnes, but is 90,000 tonnes short of consumption requirements. Hu Ganglie, deputy director of the South China Tropical Crops Research Institute, said synthetic rubber made up the shortfall. He said current yields are 1.1 to
      Reuter  -  87 words
    • Article
      RUBBER
      326 9 THE RUBBER market yesterday closed slightly higher with February One RSS buyers quoted at 242.00 cents per Idlo, up 1.75 cents from Thursday's close. Prices rose slightly during quiet morning trading on speculative buying of February One RSS and steadier London advices. The afternoon session saw prices fluctuating narrowly
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    • Article
      RAS PRICES
      388 9 RAS price* in c«nu p er kilo yesterday: Mao (per kilo) Buyer* Sellers lot. 1 R.S.S. prompt f.O.b 236.50 236 50N Int. 1 R.S.S February 241 50 242 00 lat 1 R.S.S. March 245.50 246.00 Int. 2 R.S.S 233 75 235 75N UKCoot 232.75 234.75N lot 3 R.S.S
      388 words
    • Article
      Quiet conditions on rubber market
      275 9 LIFELESS conditions dominated the rubber market as the lack of fresh news and direction kept trading within narrow limits, Hal May, Catler, Bat* A C« said in its review of the Singapore and Malaysian rubber markets for the week ended Jan 12. Current One RSS
      275 words
    • Article
      Lock icon Major sugar exporters to meet in London
      560 9 AFP A CRUCIAL meeting of the world'B major sugar exporters will be held in London next week to decide whether there is enough common ground for a new international sugar agreement. Meeting under the auspices of the International Sugar Organisation (ISO) and chaired
      AFP  -  560 words
    • Article
      LONDON MARKETS
      1044 9 COPTEE: Robusta coffee futures yesterday advanced £27 to £7 a tonne from Thursday's close to stand near traded highs at midday. Most active March ended the morning traded at a high of £2,034, against a previous bid/ask closing range of £2,006/2,007, on a volume of 993 lots. Turnover
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  • INTERNATIONAL STOCKS
    • Article
      Paris
      192 9 JAN 12 fri GROUP B CORBE1LLE Alr-Uqulde 586 -4 Carre four Financier* de L*Unkm__ 1515 10JO 4M 414 Aquitalne Nat Dm Petrol* 183.90 -1 Lafarse Moet-Henneeav 314 1580 411 440 B 8 N Qervali □anon* C 8 r (TbomaonCif) Ct« rrancalie dee Petrolee Credit Foncler De France Hachette (Ubrmlrlc)
      192 words
    • Article
      Brussels
      85 9 JAN 12 Pr» Or Bru Lamb 3635 15 Hobo* S610 70 FORWARD MARKET P«tro 6410 +30 Ryl Dutch aaas +5 Accc KM -10 Sldro U1S Arb»d 1306 34 Boc Oan Be If Sofina 1780 5610 unch -80 B rue an 644 1900 ♦6 >90 Sokr%y A 3710 30 §sr
      85 words
    • Article
      Frankfurt
      83 9 JAN 12 A*t-T»l«funk«n BABr Dm r JO 17X00 ■•■a* ■U Hnwrh Hortcn Kanudt KHD iiliiiliilSSil 1 1! 1II 11 i 1! 1! 1 0# -0.5 unch 13? Commerxbank Contl Oumml DUml»r-B»n« ***** <22.00 ***** 137 JO sir on -0J -a ♦0.4 u -0.5 0.0 -05 Linda Mtnneiminn Philip* Komm
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    • Article
      Milan
      91 9 JAN 13 Lira ButO«l 163 413 Bel ■no +-S80 Central* Ort 1710 +110 Good Acqua Room Krldanla 7988 >100 Flat Ort MSB >13 Oanermil ***** 1000 Olm Mt Ifl PrlT S388 +168 Invwt aao +sj IUlcamantl Ort < *3800 800 Madtotwnc* 8000 ***** M Uano An Ord 0800 +90
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    • Article
      Zurich
      195 9 JAN 13 Prance Action* Suleeee Alueulaae Br Alusuteae Rtt Brown Boeeri Br. CI Da 0*1(7 Br. Cite Oelgjr P C Cite CMor Raf. Credit Suisse Br Credit Suisse Rat 338 910 303 1436 3313 Z 1016 BOO w 1 15 6 15 36 16 unch 1 Bektrowatt Br. Oaorie
      195 words
    • Article
      TORONTO
      206 9 JAM U Abltlbl Alcan Al*om* Bank Mont Bank Not* Scotia B«U Tel BP Can Ltd CI 25* 90* SB* A. 48* 32 s •H -ft unch Imp Otl Inrn Int Pro* Pip* tat tin Inu Nickel Kerr Add LoOlav B Mill Para 38* IB* 31* SO* IB* so* 14%
      206 words
    • Article
      JOHANNESBURG
      272 9 JAN IS Rand INDUSTRIALS Truat Bk Un Steel Unlaac Woolworth Mt 140 m 1000 -10 unch unch A Alpha Abercom AK And CI 980 3008 «0 10 MININGS Amaprop A MIC Barlow* C O Smith Chcker* 111— MOO •100 Angl»aai S2S0H M unch 1300 i MM unch M Bljrroon
      272 words
    • Article
      Amsterdam
      178 9 JAN 12 Fla ABN 309 00 9 Ahold 210.40 1.4 Akao AMEV 106 JO 182-50 JJ l» 190 00 Amrobnk W OO 1.1 Bark Boll *10 ***** unch 286.00 ♦7 Boaka Burtet Caland 44.00 81 JO M 80 381 JO unch 03 -0l7 -2 Dell Mlj 90 00 3J
      178 words
    • Article
      Prices finish higher
      1120 9 NEW YORK WALL STREET stock prices closed moderately higher on Thursday as the market managed to reverse a three-day losing streak despite a continued low level of Investor enthusiasm. The Dow Jones Industrial Average, which fell nearly nine points in the prior three sessions, regained about two
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  • Page 9 Advertisements
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    3597 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. All Times Settlement Contracts are quoted after
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  • Article
    SHARE INFORMATION SERVICE
    3697 10 IMS/84 Hi(k Low Coaptiy Lest Sale orDiv DIY Ctt YTd P/E Vol (•000) Day HiCk Low SECTION ONE INDUSTRIAL ft COMMERCIAL 113 354 an 306 410 ISO 430 322 2M an ao OS 00 MO 348 sm no fl2 472 1190 UO as MO MO 442 480
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  • Article
    Unit trusts
    180 10 Mm •few priet f*r Ju 14 A 11 ■ngafobe unit nun The Commera HI IM The Saving, Fund 114 U7 S>rt Prof Fund 1.57 l.«7 S port Sec Fund 1» 154 S port Invest Fund 1.M l.fl S port Equity Fund L54 1«J DIAMOND MOT STOBE Dec Jan
    180 words
  • Article
    Market loses some ground
    770 10 THE LOCAL steek market yesterday eieeed tower after a steady speaiag aad a Say •f fairly active tradlag. Tke Straits Tlmee ladaatrlal ladex slipped 5.41 potato to 1638.21 wklle the kreader-kased Baolaeoo Times Composite ladex eaeed 4.38 petots to VRJB. Pram tke first hear of tradlag,
    770 words
  • Article
    Stocks ease in Kuala Lumpur
    2943 10 HEAVY profit-taking in the afternoon session caused share prices to finish mixed to slightly easier on the Kuala Lumpur stock market yesterday. The market began on a steady note and continued to move higher for most of the morning session. But in the afternoon, buying
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  • COMPANY NEWS
    • Article
      Lock icon Hongkong market likely to extend upsurge
      447 11 Reuter THE reeeat advance sa the Haagkaag stock market is likely to caatlaae, share aaaiysts said. TVe Haag Seag Index has galaed aver IN paints la the past sevea eaaseeative seastoaa. It eleaed 14.11 pelats higher aa Tharsday at V7BJB. The aaaiysts expect the
      Reuter  -  447 words
    • Article
      Local bourses still on uptrend, says analyst
      940 11 Market Talk... THE Singapore and Malaysian stock markets are still on a bull track, says an analyst from a UK-based stock broking company. Mr Martin Wedgewood of Laurence Prust and Company feels that the bull trend is far from over, although the markets
      940 words
    • Article
      Lock icon Chrysler moves to block Toyota deal with GM
      340 11 UPI CHRYSLER Corp, fearing a possible monopoly, filed a federal court suit on Thursday to block a plan by motor giants General Motors and Toyota to build Jointly a new line of subcompact cars. In the suit, filed in US district court
      UPI  -  340 words
    • Article
      Lock icon Chiu takes over Asia TV
      254 11 AFP BUSINESS Tycoon Deacon Chiu has bought out his Australian partners in Asia Television (ATV) to take full control of the company, ending a rumoured boardroom row between the Chiu family and the consortium. Mr Chiu, head of the sprawling Far East Consortium, said, "I
      AFP  -  254 words
    • Article
      DIVIDENDS ANNOUNCED
      438 11 CWTOTt Ex PttH Dale Tataltar Ttail A BN PiymMt 13%I Date Aug 23 dase NY A PayaMe NY A the year 13% Proih 26% Bad Kawaa 15% Jan 31 Feb 14 Mar 1 20% 20% 5%(b) Jun 15 Jun 27 NY A 5% 10% 7W%I Dec 16 Dec
      438 words
    • International ROUNDUP
      • Article
        WARNER Communications
        134 11 lae said a Delaware Chancery Court judge has turned down a temporary restraining order against its proposed transaction with Chris-Craft Industries Inc. Warner had agreed to give Chris-Craft about 19 per cent stake in the company in exchange for certain assets of several Chris-Craft subsidiaries. Publisher Rupert Murdoch,
        134 words
      • Article
        ROYAL Bank of Scotland PLC
        87 11 will continue to bold talks in coming months with Lloyds Bank PLC on the price that it will sell to Lloyds Bank its 36.3 per cent interest in Lloyds and Scottish PLC. At the same time, Royal Bank of Scotland said Lloyds Bank's decision to
        87 words
      • Article
        TRAFALGAR House PLC
        97 11 will propose a £10 million increase in its authorised ordinary share capital to £65 million at a special shareholder meeting on Jan 30. The meeting is being called to approve Trafalgar's planned acquisition of Candecca Resources PLC. Trafalgar is offering 10 of its ordinary shares for every
        97 words
      • Article
        LONDON Brick PLC
        119 11 esti- mates its 1983 pre-tax profit at £26 million, up 70 per cent from the previous year, a circular from the company rejecting the bid from Hanson Trust PLC said. Dividends for the year are also expected to be increased by at least 30 per cent. The
        119 words
  • ASIAN STOCKS
    • Article
      Market closes mixed
      390 11 HONGKONG SHARE prices yesterday closed mixed as investors assessed the impact of HK Land's sale of Jardine, Matheson stock and the expected oversubscription for new shares in HK-TVB. Prices opened lower following news HK Land placed 72 million Jardine shares at a discount but later firmed ahead
      390 words
    • Article
      Tokyo ends at record high
      382 11 SHARE prices yesterday surged ahead in the afternoon, pushing the market average to a record high at the close in hectic trading. The mailcet average rose 46.81 to close at a record 10,150.97 after rising 31.65 to a record level on Thursday. Institutions and corporate
      382 words
    • Article
      Manila
      77 11 SHARE prices yesterday closed mixed in dull trading. JAN M Acoj* Minlnc Anglo Phil AIMS wintrw B aC Coo. it Bagulo Oold Bute Patroteum Banfiwt Coo. B CDCP Pint Phil HMg> 0.008 90 OO01 m OJt 110 unch I unch 2 unch 0.15 unch Uartnduqu* B Ortmtal B 0.002
      77 words
    • Article
      Bangkok
      168 11 SHARE prices yesterday closed slightly higher in quiet trading at the Securities Exchange of Thailand. The Book Club Index rose 0.32 point to 121.51 on a turnover of 43.3 million baht with 336,405 shares traded. Siam Cement gained four baht to 355 baht. JAN 13 B&hu Aofcham Thai Asia
      168 words
    • Article
      Sydney
      423 11 THE Industrials Index equalled its record high at the close of moderate trading on Australian stock exchanges yesterday. However, resource issues eased again on lack of encouragement from physical prices. At the close, the AllIndustrials had returned to its previous high of 1,023.3 with a rise of 1.1 points.
      423 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      96 11 V r* y 9 If Effective January 16,1984 American Express Travel Service will be at 96 Somerset Road UOL Building Singapore 0923 Tel. *****33/*****88 Retail Travel Unit #13-01/08 (13th Storey) Business Travel Unit: #02-02/04 2nd Storey) Hohday f Dynasty Hotel Inn i—| k J_ U CD Lucky Plaza Mandarin Hotel
      96 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      173 12 Rises Indices TwMW U M Flev no 780 80 +n Jan 12 Jan 13 Sujo Spm GUM BO« C I HaMtacs Ihmm Corp® 400 30 BT Composite: 9IC.TI ***** 238 344 B4 +n +n 1S BT Indicator: ST Industrials: *****43 1040.61 *****13 1036.21 A MUmkii 400 16 ST Finance:
      173 words
    • Article, Illustration
      KUALA LUMPUR
      151 12 lie Stagtpwe stock market clued lower yesterday after a day sI fairly active trading. The Straits Times ladez lest 5.4 petats to 1136.21 while the hrsader hased Business Times Composite ladez eased 4JB points to 172J8. Rises Prima 7T0 +175 U If Floor 870 +110 CatflirftoH 2300 +100
      151 words
    • Article
      Selected indices
      48 12 HJLHANG 81NG Friday 875.47 Thursday. 978J6 Thursday 776J WMk Ago 786.4 FINANCIAL TIMR8 INDUSTRIALS AUSTRALIAN INDUSTRIALS Friday 1033.4 Thursday I0SL2 WMk Ago 1030 J Thursday 796.0 Wednesday 780.0 WMk Ago 783.6 DOW MNIS AVUtAQX INDUSTRIALS Thursday 1278J1 Wednesday 1277.33 Week Ago 128X24 ALL ORDINAJRIX8 Friday 775.0
      48 words
  • Article
    LONDON STOCKS
    826 12 SHARE prices opened firmer yesterday, continuing Wednesday's late rally, with market sentiment helped by the turnaround on Wall Street, dealers said. Early trading volume was light. Kn at 644 and Hawker Skldeley at 382 were 6p apiece higher, while BOC added 5p at 290. Glaxo reacted to Wednesday's
    826 words
  • Article, Illustration
    Folex names backers of rescue scheme
    717 12  -  aHi Companies Editor: ALAN LEE By ALAN LEE FOLEX Industrie* Bhd has named three prominent Malaysian husine—nsn as the prime movers in a rescue plan to revitalise the ailing company. This was disclosed in its reply to queries tram the Kuala Lumpur Stock Exchange
    717 words
  • Article
    Will Jardine Matheson follow suit?
    760 12 HONGKONG Land Co Ltd'i sale of an 18 per cent stake In Its trading associate Jardine Mstheson 4 Co has ralaed speculation over whether the latter would likewise attempt to sell some of Its riiares hi the former. Hongkong Land is the largest property group
    760 words
  • Article
    Lock icon Getty and Pennzoil in tussle over share option
    272 12 UPI GETTY Oil and Pennzoil are locked in a legal battle over whether a written contract exists granting Pennzoil an option to buy eight million Getty shares for a quick profit of US$l2O million. Pennzoil, which last week reached a tentative agreement
    UPI  -  272 words
  • Article
    CCM making effort to maintain its markets
    520 12 CHEMICAL Company of Malaysia Bhd's short-term objective is to minimi»» costs and to endeavour to avoid a further erosion of its share of the market. According to CCM chairman JD Rush ton in his latest annual report, the company expects the recent improvements
    520 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      63 12 BUSINESS OPPORTUNITY Established Australia-wide ladies' clothings manufacturer producing better class dresses and biouses etc., for day and evening wear, wishes to form a partnership or association with a company which wants to have an interest in such an organisation. Main showroom and office located in Melbourne. Please write to:The Managing
      63 words
    • Advertisement
      Page 12 Advertisements Column 2
      124 12 9 The next best thing to having a doctor in your family. r I Exercise Relaxation J 4 4* A The collected advice of a group of highly qualified and experienced doctors, presented dearly and concisely. How to give emergency first aid How to correctly identify symptoms and take the
      124 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      52 12 OUTLOOK for today: Scattered showers In the afternoon. ■apart to* Ukm friar to 1M pa m Itm IS Maximum temperature. Associated humidity .Minimum temperature.. Associated humidity Hours of sunshine Rainfall In millimetres.. Total rainfall for the month— Total rainy days for the month. 30.3 70 23.3 96 9.45 Nil ANY
      52 words