The Business Times, 11 February 1984
1984-02-11
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The Business Times
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Title Section11 1984-02-11 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, FEBRUARY 11,1184 60 CENTS11 words
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Article, Illustration254 1984-02-11 1 ECONOMIC issues will be high on the agenda in talks between Prime Minister Lee Kuan Yew and Australian premier Bob Hawke who is scheduled to arrive tomorrow evening for a one-day visit. Singapore's development as a financial centre will also be of254 words
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Article, Illustration510 1984-02-11 1 SOVIET President Yuri Andropov has died, leaving behind no obvious successor after being in office for only 15 months. Although Mr Andropov died at 4.50pm Moscow time, the news of his death was only announced by the offical Soviet media at 2.30pm yesterday. Hours510 words
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Article, Illustration535 1984-02-11 1 LIM SOON NEO - By LIM SOON NEO BELEAGUERED entrepreneur Ho Kok Cheong of People's Park Development Ltd and People's Park Land (Pte) Ltd needs to fork out a furtherHl-5 million to prevent his two companies from being wound up. This is because the windingup order535 words
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62 1984-02-11 1 PRESIDENT Devan Nair sent his congratulations to the newly elected Yang DtPertuan Agung of Malaysia, the Sultan, of Johore, Sultan Mahmood Iskandar, yesterday. In his message, the President of Singapore stated his confidence that the close ties of friendship and cooperation between Singapore and Malaysia62 words
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419 1984-02-11 1 A CHUNK of fallen concrete is likely to cause the 'demotion' of an HDB three-star contractor. Wan Soon, a local building contractor, completed nine blocks of flats for the Housing and Development Board in Hougang in 1977. On Jan 11 this year, a chunk419 words
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BRIEFLY...
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Article55 1984-02-11 1 THE Ngee Ann Polytechnic has restructured its Diploma in Business Studies course for the coming academic year 1984/85. Mr Lim Seah Eng, head of the Business Studies Department, said final-year students will have to take three compulsory subjects, including human resources management. Among the new subjects are company55 words
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Article79 1984-02-11 1 Bernama THE Kuala Lumpur-Singapore and Kuala Lumpur-East coast train services are still off because railway lines in several areas are flooded. The railway line at the 10 km stretch in Segamat has been damaged and is being repaired. Rail services to the Republic were to haveBernama - 79 words
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Article80 1984-02-11 1 Reuters FRENCH Finance Minister Jacques Delors has called off a meeting of a Group of Five (G-5) finance ministers due to have taken place in Paris this weekend, a West German Finance Ministry spokesman said. He was replying to inquiries after financial and diplomatic sources said inReuters - 80 words
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Article73 1984-02-11 1 Reuter CHINA and the Soviet Union signed a US$l.2 billion protocol in Beijing yesterday to increase trade by nearly 60 per cent over the coming year, Chinese officials said. The agreement was signed by visiting Soviet Vice-Minister for Trade, Mr Ivan Grishin, and his Chinese counterpart, Mr ChenReuter - 73 words
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Article67 1984-02-11 1 Reuter BRITAIN and the US started evacuating their citizens from Beirut yesterday as the Lebanese army clashed with Muslim militias in the centre of the city. Briish Sea King helicopters ferried people from the British Embassy on the Beirut seafront to the Royal navy vessel Reliant, out ofReuter - 67 words
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Article89 1984-02-11 1 Reuter SON SANN, leader of the Khmer Peoples National Liberation Front (KPNLF), said in Bangkok yesterday that he believed Chinese Prime Minister Zhao Ziyang was sincere when Mr Zhao said Beijing had no intentions of restoring the communist Khmer Rouge to power again in Cambodia. Mr ZhaoReuter - 89 words
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Article66 1984-02-11 1 UPI FOREIGN investment in China in 1983 exceeded those in the previous four years while new highs in agriculture allowed decreases of major farm imports, the Chinese State Statistical Bureau said yesterday. Overall economic performance was "remarkable", but inadequate transportation, waste in capital construction and failure of lightUPI - 66 words
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167 1984-02-11 1 THAILAND has ««upended a sad* Mh project It was to have aadertakea Jointly with tta Anu partners. Indastry Minister Oh Vasarat said in Bangkok yesterday that the prejeet is proving ts he expensive and that there to difficulty la finding markets fer the mala oatpnt167 words
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311 1984-02-11 1 SOH TIANG KENG - By SOH TIANG KENG THE Singapore branch of the Dai-Ichi Kangyo Bank is issuing US$3O million floating rate certificates of deposit (FRCD) bearing the finest interest rate ever offered for an FRCD in the Asian dollar market. For the first four years of311 words
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158 1984-02-11 1 LOCAL businessmen can look forward to longer hours of service from the Trade Development Board, especially in the processing of trade documents. The board announced yesterday that it will extend its hours of service at the import and export office as well as158 words
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Page 1 Advertisements
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Advertisement227 1984-02-11 1 Don't miss the highyarn show of the year ASIATEX S.C. Afii'i 2nd International Exhibition of Textile and Garment Machinery and Fabrics Trade. 10-14 APRIL'B4WTC rasa BUSINESSMEN interested in buying US agricultural products can employ the use of a computerised service to help locate exporters faster Page I THE Latin American227 words
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Advertisement138 1984-02-11 1 YAMAHA CARBON COMPOSITE CLAJBS. Proven tops in scientific tests. "J V i 1) > f Tests carried out by a Swing Robot, the most reliable golf testing equipment to date, have proven Yamaha carbon composite clubs to be top in carry or distance, top in directional stability, top in strength138 words
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Advertisement29 1984-02-11 1 buy best at exhibitions INTERFMM EXHIBITIONS organised for business 1, Maritime Square 12-05 World Trade Centre Tel: *****12 Tlx: RS *****INFAMA Hongkong Bank MasterCard Gold. The Summit of Achievement.29 words
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HOME NEWS
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Article, Illustration402 1984-02-11 2 BOEY KIT YIN - By BOEY KIT YIN SINGAPORE businessmen interested in buying American agricultural products can employ a computerised service to help locate US exporters quicker. Galled the Tirade Opportunity Referral System (Tors), it works on the basis that time and resources spent by a buyer on402 words
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202 1984-02-11 2 ALL recruits undergoing training at the Singapore Armed Forces Infantry Training Depot on Pulau Tekong will be confined in camp for the next two weekends as there has been an outbreak of rubella, commonly known as German measles. Ninety-one cases have been reported. Of these,202 words
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Article213 1984-02-11 2 SHAHRIR ARIFF - By SHAHRIR ARIFF MUSLJM parents must devote more time and energy to supervise their children's education, and the children themselves must work extra hard in school Only then can the Muslims in Singapore upgrade their socioeconomic status through better education. Dr Ahmad Mattar, Acting Minister213 words
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594 1984-02-11 2 JOANNE YAP - By JOANNE YAP A BRITISH printing company is intensifying its commitment in Singapore in the belief that big International publishers will develop their presence in South-east Asia and the Pacific region. Richard Clay PLC will invest $10 million in its Jurong plant,594 words
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274 1984-02-11 2 JAIME LYE - By JAIME LYE TWO proposals have been put forth by the Permanent Secre tar y(Communications) to increase the efficiency of Singapore's taxi service. Arguing against public demand for more taxis to compensate for the government's drive to curb the car population, the Ministry274 words
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Article126 1984-02-11 2 THE new roads and traffic circulation system in the Cuppage Road/Koek Road area will be open for use from 10am tomorrow. With the opening of the new roads, traffic from Cavensgh Road wishing to go to Orchard Road and KiHiney Road can be routed via the126 words
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155 1984-02-11 2 PENG AULIAH - ■y PENG AULIAH CATHOLIC schools in Singapore should meet the challenge of inculcating the right moral values in their Dr Thy Eng Soon, Minister of State for Education, said this at the opening ceremony of the regional conference of the Office International155 words
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Article, Illustration668 1984-02-11 2 SINGAPORE Computer Systems Pte Ltd (SCS) has appointed Mrs Naaey Lee as marketing manager and Mr Chaa Mil Pla as head, minicomputer sales (Singapore). Mrs Lee takes over this new appointment after serving far more than 12 years in data processing, with the post flVe years in668 words
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87 1984-02-11 2 A CONFERENCE od dispute* and settlements In the construction industry will be held on March 19 and 30 this year at the Shangri-La Hotel. The conference, organised by AGS Management Consultants Pte Ltd, alms to highlight problems that arise from disputes and how to87 words
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Article49 1984-02-11 2 THE Singapore Polytechnic has received engines worth (30,000 for teaching purpose*. This donation from Sin 1 Tien Seng Pte Ltd will provide students of the second year Mechanical and Production and Electrical i Engineering Departments with an opportunity to have hands-on practical training with the engines.49 words
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647 1984-02-11 2 AN 311.4 million sub-con-tract has been awarded to Hyundai Engineering and Construction Company Ltd for the interior decoration of the guest rooms, suites and corridors of the Pan Pacific, Singapore. The 37-storey Pan Pacific is one of the three hotels which, together with a large shopping647 words
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Article990 1984-02-11 2 BBONABB AND COUBBBS Nov 30,1983-Feb 22 (Wednesdays): Average Adjusting, STTC, srrc Dec 19, 1983-Feb 13 (Mondays): Miscellaneous Accident Insurance, SITC, SITC Jan 4-Feb 15 (Wednesdays): Introduction to General Insurance, STTC, STTC Jan 5-March 8 (Mondays Thursdays): Principles of Management, POD Training at Waterloo Centre, Secretariats k Meetings Pte990 words
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Page 2 Advertisements
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Advertisement181 1984-02-11 2 The most advanced and efficient system of humidity control. BUY /JB oMdMtt cominioiwl sytlnw available which can be coupled with existing room air-Bry-Air Dehumidifiers are based on the principle of conditioners continuous physical absorption, the most advanced Application* method of humidity control They are far more Bry-A»r Dehumidifiers are ideal181 words
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MONEY AND EXCHANGE
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Article486 1984-02-11 3 RUMOURS that Soviet President Yuri Andropov had died caused the US dol- lar to strengthen against most major currencies yesterday. The greenback opened at *****00 10 against the local currency. Trading was slow with a high of 552.1315/20. The dollar closed at 552.1313/18. bkrtHk hmri rates at S486 words
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Article364 1984-02-11 3 I. GOLD futures prices in Singapore yesterday closed higher across the board on buying with some profit-taking well absorbed. Dealers said reports that j Soviet radio had started broadcasting solemn music had little impact on the market. Total turnover for the day was 141 lots including 37 kerbs. Trading364 words
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Article32 1984-02-11 3 New York 8.73B 8.95B 8.78S 9.00S Zurich 8.9TB 9.05B 9.02S 9.106 FH nari Singapore 8.75B 9.06B 8.806 9.11S Closing prices in US dollars a troy ounce. Source: Credit S, S'pore32 words
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Article278 1984-02-11 3 THE US dollar closed sharply higher in hectic trading in Tokyo yesterday in re- sponse to rumours that Soviet President Yuri Andropov had died. The rumours pushed it to a high of 2.7527 marks from the 2.7385/7400 New York finish before it closed at 2.7520/30. It rose to a278 words
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Article198 1984-02-11 3 ASIAN Prime rote THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 0.125 per cent. ASIAN currency deposit interbank rates as at 5 pm on Feb 10: US Dalian Off«r BM 7 days 913/18 911/16 1 month 913/16 911/16 2 months198 words
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Article44 1984-02-11 3 RANGE of price* offered by discount house* on Feb 10: Overnight: 3 Call deposits: J J Clectng B«riM 9«U1m 3-month Treasury bills 2H 2H 3-month Bank bills 711/16 7 8/16 3 months CD 75/18 71/16 6 months CD 7* 7tt Source: M Ca44 words
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Article73 1984-02-11 3 THE US dollar yesterday closed steady against other major currencies but was below the day's highs, mainly due to a lack of confirmation of midday rumours that a Soviet leader had died. Banknote rates yesterday: (HK per 1): us 7.78/7.80 UK 10.85/11.06 Brunei 3.635/3.656 W Germany 2.825/2.835 Malaysia 3.315/3.33573 words
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Article82 1984-02-11 3 THE dollar yesterday opened firmer in London as the market reacted to early morning speculation that Soviet president Andropov had died. It opened at 2.7475/85 marks, 115 basis points up on Thursday night's 2.7360/ 70 finish and up on New York's 2.7385/7400 close. Opening quotes yesterday: US 1.4148/58 Can82 words
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BANKING AND FINANCE
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241 1984-02-11 3 NYT THE Federal Deposit Insurance Corp (FDIC) spent a record US$2.6 billion last year reimbursing depositors and helping troubled banks, bringing its payout for the last three years to $5.3 billion more than the total amount paid out in the agency's previous 47NYT - 241 words
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150 1984-02-11 3 Reuter THE Japanese finance ministry will soon present a bill to Parliament to make tax exempt provision by banks for rescheduling and new money for "problem" countries starting from next April 1, ministry sources said. Japanese banks will be allowed to provide oneReuter - 150 words
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130 1984-02-11 3 Reuter SAMURAI bond issues are expected to rise to 15 bonds for 275 billion yen in the April/June quarter from the scheduled seven bonds for 115 billion yen in the January/March quarter, underwriters said. The increase reflects borrower expectations that the yen will byReuter - 130 words
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Article148 1984-02-11 3 Reuter AUSTRALIA'S move towar* deregalattoa memm a real eppertoalty to develop tte financial eeatres, Ueyds lateranttonal Ltd, Aastraila, a aait at Llayds Baak PLC, ■aid. Sydney aad Melbaarme will eeaMtoaieat the developing Aaaa eeatrea thraagh their tlwn mm* ad vantages, a stable aad developed flaaartal aystomReuter - 148 words
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464 1984-02-11 3 Latin debt crisis 'f ar from over' AP THE Latin American debt crisis is "far from over" and will grow worse if the US economic recovery falters, a leader of an American study group said on Thursday. Robert D Hormats, cochairman of a year-long study of Latin American debts, saidAP - 464 words
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Page 3 Advertisements
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Advertisement265 1984-02-11 3 THAI'S ASIA* EUROPE EXPRESS ROUTES One-stop to Copenhagen, Frankfurt, Rome and Athens,then take your choice to Paris, Amsterdam and London. Nowby Royal Executive Class. Catch Thai on the GREAT CIRCLE EXPRESS ROUTE. It flics the shortest distance non-stop to COPENHAGEN,FRANKFURT,ROME and ATHENS. Then onward to the other great European capitals265 words
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OVERSEAS
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798 1984-02-11 4 AP UPI US STATE Department officials said on Thursday the future of American-backed Lebanese President Amin Gemayel was in serious doubt, but that Mr Gemayel would probably try to hang on by pulling off a last-minute deal to win Syria's support. One officialAP; UPI - 798 words
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Article1060 1984-02-11 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator GkJns FCL Location Meonla 408W 12.2.84 0700 Bakke Slme FSB 1100-1300/1800-1900 84 Sea Fortune 07 122.84 0700 Eastern M TA3 0900-1000/1700-1900 A3 Sea Glory 06 12.2.84 0700 Eastern M TA3 1000-1200/1800-1900 B3 Nlaga 21 3/841,060 words
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249 1984-02-11 4 Reuter AN ENGLISH farmer on Thursday won what was claimed to be the biggest raffle prise ever, a magnificent 30-room Georgian mansion standing on ISO hectares of lush Irish countryside. The lucky ticket, one of 9,000 costing US$275 each, was drawn from aReuter - 249 words
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Article152 1984-02-11 4 UPI THE US Information Agency (Usia) kept a "blacklist" of people including Mr Walter Cronkite and Mr David Brinkley who should not be proposed for government-sponsored speaking tours abroad, the Washington Post reported on Thursday. The Poet said there were 84 names on the the list, including manyUPI - 152 words
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344 1984-02-11 4 AFP FORMER Israeli Defeaee Minister Ariel Sharsa has saM that he weald seek the liadiarirtp s( Israel's Herat Party, the backhsar el the raUag Likad eeaUttoa, la a sarprise ———I sa Tharsday sees as a ehalleage Is the preeeat leader •hip. AsAFP - 344 words
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424 1984-02-11 4 UPI WEST German economics minister Count Otto Lambsdorff says he will put up a vigorous fight against charges he took a US$5O,OOO kickback from the giant Flick holding company in a huge corporate tax scandal. The embattled 57-year-old aristocrat told aUPI - 424 words
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Article278 1984-02-11 4 Reuter THE Irish Catholic hierarchy said on Thursday it would not seek to impose Catholic values on a united Ireland, which would include one million Protestants now in British-ruled Northern Ireland. Addressing the New Ireland Forum drawing up a blueprint for reunification centred on the reconciliationReuter - 278 words
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584 1984-02-11 4 NYT PAUL Volcker, chairman of the US Federal Reserve Board, said on Thursday that he thought the financial markets had overreacted to statements by him and administration officials that federal budget deficits could sow another recession. "1 think that's a little blown up,"NYT - 584 words
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105 1984-02-11 4 AFP THE Catholic Archbishop of Newark, New Jersey, has stepped in to cancel a local priest's plans for a mass baptism of Cabbage Patch dolls. The dolls, each of which differs from the others in appearance, are provided with identification papers and adoption certificates. TheyAFP - 105 words
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Article735 1984-02-11 4 DEPARTURES Service Local Operator Number Tim For FT FT76 0255 HKG/NKT/ ANC/ORD/JFK CAL CQ34 0610 KUL/HKG/TPE SIA SQ102 0730 KUL PAA PA6 0815 HKG/SFO/JFK SIA SQ154 0830 KUL THAI TG4Q2 0830 BKK GIA GA961 0830 HLP SIA SQ202 086 HLP JAL JL702H 0900 HKG/OSA MAS MH602 0900735 words
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368 1984-02-11 5 AFP US DEPUTY Treasury Secretary Robert McNamar has rejected the idea that the US dollar is over-valued. "The dollar is an attractive asset because the Reagan Administration has taken steps to strengthen our economy and improve the profitability of American business," Mr McNamar saidAFP - 368 words
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Article494 1984-02-11 5 AP COUNTERFEIT parts were turning up more often in US military and civilian aerospace products, including the space shuttle, missile systems, Nato helicopters and commercial planes, a newspaper reported on Thursday. The Dayton Daily News of Dayton, Ohio, citing congressional and court documents, said theAP - 494 words
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Article, Illustration119 1984-02-11 5 UPI picture IF YOU'RE trying to gmtm what Dick Hartley mart be telaktag la tefa ftetore, here are twa elves: Mr Hartley warks far I—maw eampaay Lleyds af Ltaita; and Ike twa phtfsgitphs he's leaking at se late—ely are ef the satellites Wester VI aai PalapaUPI picture - 119 words
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522 1984-02-11 5 Reuter THE launching of the Soviet Union's 51st manned space mission has underlined Moscow's advance over the US in orbital flight as the two superpowers race to build the first permanent space station. Three cosmonauts blasted off from the Baikonur CosmodromeReuter - 522 words
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284 1984-02-11 5 UPI LEADING Japanese businesses say their companies are not likely to build new plants, or expand existing ones, in US states that tax their earnings in other parts of the world. A delegation of Japanese corporate executives, organised by the Japan Federation of Economic Organisations,UPI - 284 words
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WORLD IN BRIEF
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Article474 1984-02-11 5 Agencies THE English High Court on Thursday ordered the News of the World newspaper to pay a record £253,000 (9*759,000) damages for wrongly accusing 10 British police officers of being rapists and blackmailers. It was the highest sum awarded against .a newspaper for libel by an EnglishAgencies - 474 words
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Article309 1984-02-11 5 AP A CAMPAIGN against computer pirates resulted in the indictments of six men in Philadelphia on Thursday on charges of smuggling counterfeit Apple computer components from Taiwan, authorities said. Two of the six were identified as Filipinos. Assistant US Attorney Ed Zittlau said smugglers brought parts intoAP - 309 words
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191 1984-02-11 5 AP THE US could kwe its world leadership in electronics during the next decade because of foreign competition and such domestic problems as high capital costs and shortages of technical personnel. A National Academy of Engineering study released in Washington on Thursday says theAP - 191 words
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Page 4 Advertisements
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Advertisement21 1984-02-11 4 Fly Pan Am lb The USA Daily And To More Than 60 U.S. Cities. ifi Rm Am.\bu Cant Beat The Experience.®21 words
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Page 5 Advertisements
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Advertisement141 1984-02-11 5 0 V .1 ijV '-r^wc.-r--vi^^-r7 —41®...' **1 /I «XJ&i£ JJXUU. _7 :i Jafll w JL ,;v C^SMi n SJiS;!!**'? srsf-tSfcii t S* I l-fyy &SE*& .VtjsjSTi* &iM!m S«r r&Tffr"* tea J .jgsaas Sx&fc ■AMhSi* -3Hr** ~HSB tZ H —I ,r- -%^r Transportas/w? Our readers still take the bus but nowadays141 words
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Article439 1984-02-11 6 THE days of the warring factions are over and we are now talking in terms of cooperation, the game women play best, a woman banker said over lunch the other day. She was commenting on the trend of office politics in corporations where men and women439 words
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Article, Illustration741 1984-02-11 6 M GOVIND NAIR - By M GOVIND NAIR Bernama ATTRACTED by Malaysia's "privatisation" policy, France is offering assistance that can put Malayan Railway on the track to efficiency. A world leader in railway technology, France boasts a railway system acclaimed as one of theBernama - 741 words
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757 1984-02-11 6 EMILIA TAGAZA - By EMILIA TAGAZA FT THE Philippines application for an SDR6IS million standby credit from the International Monetary Fund (IMF), in the works for more than five months now, faces another major delay and may not be approved until May. The IMF, which discoveredFT - 757 words
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Page 6 Advertisements
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Advertisement135 1984-02-11 6 'It was a predictable start but, as Andropov's short speech continued, observers noticed some remarkable features. Less than half was devoted to praise of the dead leader. Though extoiled as a "tireless fighter for peace", no mention was made of any successes or achievements associated with Brezhnev. WORLD •41 °Pov135 words
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Page 6 Miscellaneous
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Miscellaneous881 1984-02-11 6 SINGAPORE 5 SINGAPORE 12 1.00 PM Opening and Programme Ifighfights Mowed by Sesame Street: The letters I and W, and the number 11 are taught. 2.00 Rash Gordon (Cartoon) 2.25 Meadowtarfc Lemon Prraits the World: Meadowlark Lemon of the Harlem Globetrotters does some magic with a basketball. 2.40 Saturday Matinee881 words
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TIME OFF
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Article, Illustration646 1984-02-11 7 MONICA GWEE - By MONICA GWEE THE next time you have a head or spirit ache, forget the aspirin and do not rail your yogi. Instead, offer Cassandra Wilson a stool and say, "A double please, no ice." She might tell you to take a hike, plain-speaking lady that she is.646 words
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611 1984-02-11 7 RAY HEATH - Forget the cabbage find out how St Tudno liked his pork By RAY HEATH FOR A MAN to eat well in England, he must breakfast three times a day. This superb 19th century example of damnation through faint praise came from a man who had obviously been subjected to what611 words
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Article423 1984-02-11 7 LOVE AND TREASON by David Oaborn Granada, 1963,296 pagaa navtawd by JOANNE YAP WHEN Alexis Sobieski said she gave up television because her special need was to play a traditional role in marriage kids and a home, she meant it. And when General Harold Volker423 words
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Page 7 Advertisements
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Advertisement213 1984-02-11 7 li (Th f it r V m La ro K,S\ C^S; xpress your love in The Straits Times Classifieds Valentine Love Lines You could be our guest at a super dinnershow at the Garden Ballroom, Royal Holiday Inn and win a stylish Vidal Fontenay Watch. The Straits Times Classifieds Valentine213 words
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Page 7 Miscellaneous
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Miscellaneous780 1984-02-11 7 CRYPTIC PUZZLE ACROSB 9 Isn't swishing the cane to set an example (8) 10 Question I may answer (3) 11 Get the kid to pop back with the stuff (6) 12 A phrase translated from the Himalayan (6) 13 Making the rise I'll put in for more derisory (7) 14780 words
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Miscellaneous515 1984-02-11 7 WHAT'S ON CONCERTS Jacques Yvart in Concert. This French singer/songwriter comes direct from France. His music is a Mend of the okl troubadours and chansonniers. Feb 11, Cultural Theatre, 8 pm. Tickets at $5 available from the Alliance Francaise, 4 Draycott Park. SSO and pianist Bernard Ringeissen. His fourth appearance515 words
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Page 8 Advertisements
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Advertisement284 1984-02-11 8 Where to wine, dine end entertain toda. The total card that incorporatm the teaturea of a credit card, charge card, cheque card. caab cant punbaae card oeatljr Into one. Call Julia at *****97 (20 lioea) /or an application form. VjC this Sunday w "Daddy, what's Nonya food?" "Nonya food is284 words
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Advertisement193 1984-02-11 8 [-(>r sushi. f-< >r tcppanyaki /■(>r <)th,cr anthcuticaih ■hijiiUlCst' ((t()hts. J k i i i 19 i i*\ I w iIH T:II< ii i SMI" "ii Mtr V M I -•V, The Bail Hut coffee House is upgraded and refurbished Now. bright and cheerful, it is open 24 hours. Come193 words
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Advertisement226 1984-02-11 8 Paramount Hotel Wh»n tht happy pooplt go y m JT m&m A special garden atmosphere where rime never runs out Here, master chefs prepare delicious and lingering tastes from gourmet style to simple meals; both Oriental and k Western fare. Daily Buffet Breakfast k (7am 10.30 am) V $11J(H+ ■■r226 words
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Advertisement219 1984-02-11 8 US i Chinese New Year is grander and livelier at the Hilton. There'll be sumptuous feasts of traditional festive dishes. Raw Fish and "hong baos" throughout the IS days of celebrations. Come join us this festive time. S3 r-> Yu Sheng Feast of Prosperity! Celebrate Lunar New Year with a219 words
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Advertisement117 1984-02-11 8 Daily Buffet Lunch at 12 noon 2:30 pm Adult: $14 Children under 12: $10 l i *> 4K ISS For reservations, please cell *****22 ext 142/917 oc direct line *****42 'c 1 if) Gsftssf restaurant 4 Special New Year delight 'Lucky Raw Fish' 214 Duneam Road. Singapore 1129 Tel: 251»148,*****22.117 words
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RAW MATERIALS
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Article857 1984-02-11 9 COFFEE: Robusta futures yesterday were £17 to £8 up on Thursday's close at midday after a narrowly traded morning session. No reaction was seen to the death of Soviet leader Yuri Andropov. The market matched expected gains of £5 to £10 based on the New York close and857 words
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Article159 1984-02-11 9 CHINESE Predaee Exchange, Btogapere, UM clestag prices per IN kg yesterday. Ceeeast ell: Bulk fob $208.00 sellers, old drum (in second hand drum) fob $221.00 sellers, new drum fob $225.00 sellers. Cepra: Mixed (loose) $120 buyers. Pepper: Muntok white pepper fob Asta NLW $690.00 sellers, Sarawak white pepper159 words
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Article139 1984-02-11 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Crttaa Tarn: China Blue Phoenix Vi 2,585, 3Ts 4.400, 40's 4,000 (per bale of 400 lbs). Pakftrtaa Eaw Cettaa: LSS 7.90, 4F 7.89, 289F 8.50, NT Roller Ginned 8.00 (per lb). CLOTH in139 words
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Article173 1984-02-11 9 THE Malaysian crude palm oil market yesterday closed mixed in quiet trading on continued lack of fresh interest. Reports of tight supplies due to current floods which made fruit harvesting and transportation difficult had little effect on the market in view of the high palm oil prices. Feb173 words
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Article30 1984-02-11 9 Rubber: Feb 10 Singapore: March 245.25 cents (up 0.25 cent) Malaysia: March 270.25 cents (up 0.25 cent) Tin: M 529.15 per kilo (unchanged) 125 tonnes (down 80 tonnes)30 words
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Article76 1984-02-11 9 DEMAND cantoned to be shsrt and the Straits tta price la Peaaag yesterday remained ssrbssgnd at the ITA fleer level sf M$2».lS a Idle. Beattaeat was farther depressed by a weaker elsse In Leaden and sterling's tall agatast the Malayriaa dsllar. The bafter stock manager sbssrbei mast si76 words
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Article65 1984-02-11 9 SOYBEAN futures in Chicago on Thursday closed 17V« to 13 US-cents a bushel lower in extremely active trade. March traded in an 18 Vi-cent range. The retreat of currency and precious metals futures from their highs led prices on a steady decline. Soyoll futures closed from 0.95 to 0.8265 words
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Article66 1984-02-11 9 WHEAT futures in Chicago on Thursday closed 4V« to IVi US-cents a bushel lower in active trade. March traded in a 6^-cent range. Prices followed corn and soybeans lower through the day under general commercial and local long liquidation. Corn futures closed from 2 Vi cents a bushel lower66 words
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Article307 1984-02-11 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second class 0.82, 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, Special307 words
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Article286 1984-02-11 9 QUIET trading conditions persisted on the rubber market during the Lunar New Year period, with levels finishing three cents down overall, Hil day, Cutter, Bath ft Ce said in its review of the Singapore and Malaysian rubber markets (or the week ended Feb 9. Short-covering before the286 words
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Article248 1984-02-11 9 RA8 prices In ctnU per kilo yesterday: Bayer lot 1 R.S.S. prompt l o b. HJI tat. 1RSS March MS.1S int. i R-S.S. April am tat. iit&s. an UK/Coot 235.75 iotim mis UK/CM mn tat.im ms uic/coat ma tat 5 R.S.S. ats UK/Coot 2UJS (par kOs) s Setters248 words
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Article90 1984-02-11 9 noon an taadSMRprm? ■atarday BAS Mar A IMtfc) April (Forward Mth) 38RJ0 SSRSO MULfi (1-taa pallat) (1-loa pallat) 21&J0 1- 21JJ0 Mar 217J0N 215 JON th 217 JO 215J0 April 21BJON 217JON SMRCV SMRL SMRS SUB CP SMR 10 (1-taa paid) (1-taa paDat) (1-toa pallat) (1-toa pallat)90 words
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Article216 1984-02-11 9 THE RUBBER market yesterday closed slightly higher with February One RSS buyers quoted at 245.25 cents per kilo, up a quarter cent from Thursday's close. The morning sewion was msrked up slightly on cowering interest of February One RSS and buying of forwards, mainly April/June 1984. The afternoon newt216 words
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INTERNATIONAL STOCKS
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Article177 1984-02-11 9 TUB 08 m GROUPB CORBRILLR -6 nn#h Carrefour Financier* de L "Union LjtflVBB 1S2S MJO _i su ISM MO -36 -U -t -10 HWh ur-uniM ijufflnt Nat Dbs PUfffit 2U Uoel-Hennetay Opfl-Paiibaa B 8 H Otrnii DBMMM Penarrojra fUdiotechnftque 97 319 -1J -3 C S r (TboBHnf 906 -t177 words
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Article63 1984-02-11 9 F8B 01 Dm 122.10 -J.1 BAST***" 9 MMJO MM imjoo -U -4 -U HorUn Kantodt KHD Linda IMjW mm X1JX) -4 -1 -10 (UK 170J0 I*JO ***** -115 -U ■o -BJ ***** JIOlOO 177 JOB -3.1 -7 -M ~c HZ 37JJ0 IHJO 41 -4 -43 Siemens Ttjwn Indu Vtta63 words
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Article152 1984-02-11 9 FEB oo ABM 11a DUO -30 -73 KbO KLM Meneba Naarden National Ned Nadllojd Nmh Oee Qrlntan M30 M030 MOO •030 B030 ***** ***** mi nn SI 30 1030 (730 1330 ***** B330 ***** -1 -103 -3 -33 -73 -3 -7 -13 -0.4 -43 -17 -1.7 -7 0.4 +03152 words
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Article156 1984-02-11 9 ro m t Action* rrrnnca 314 -3 VI +1 Brown Bwwl Br. Ctta (Mo Br. 1410 -*-5 «Uft +15 ate (Mp R« Credit Solan Br tm fit 2310 -IS aft- -1 49 -1 no -la Oft -ft Hoffman La Intarfood Br. Jalmoll Br I1W unch Motor-Coium but 79ft >5156 words
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Article97 1984-02-11 9 RB Lira n,,i n«1 1MJ» -4.73 Bet SO Central* Ort IZ 1M7 Good Acqut Boom 1M ■4 ■rManla KM +ao Flat Ort 4W -JO n pU mm 1» OHM Tff -sr. lOIMt aao -so ItatoMMoU Ort ***** 4- no rr'ni tax -10 UMIt Ort -uo M»atobn>c« <1900 -1500 M97 words
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Article224 1984-02-11 9 INDUSTRY A Alpha tLS unch Abarcom 280 unch A* f»i ra HO mw»h Amaproo 410 -96 ASST^ -96 UK >6 .111 —6—666H ***** Chckars CHA ISO Sin 400 unch 100 -6 unch 000 1400 unch unch 9 LTA M And R Mccarth; 4M 1250 490 unch 4-9 MMbn no224 words
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Article90 1984-02-11 9 FEB OB FT. FORWARD MARKET AMC 690 -10 Arbed MM -M Astur 774 -0 Brmaean 1086 -90 Ctnpac 2106 -16 Cock 306 -7 De Bacri 492 •14 EDes 2315 -46 Electro be) (000 -190 Ob-Inno-Bm 9390 -110 <V» 9060 -86 Or Bni Lamb MOO •100 Hobok 9090 •130 Petro90 words
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Article60 1984-02-11 9 FEB 00 Kronor Alt* Laval B PTM. 298 -7 Asml B Frtc 490 -10 Astra B Frae 900 -10 AUu Copco 197 -1 Ertcnon B Fraa 374 •0 EMkb fill 334 -1 8. E. Bankcn 364 >1 Sandvlk B PlM 311 -I Skandta 422 -3 Skf B rrct ia60 words
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Article1001 1984-02-11 9 NEW YORK THE stock market's downward spiral continued unabated on Thursday, with share prices closing moderately lower on heavy trading volume as investors remained worried about the health of the US economy. The Dow Jones Industrial Average, which has fallen over 57 points in the previous1,001 words
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Article199 1984-02-11 9 FEB C* AMUbl unc h A lean 41 4* Alfrana a* -H Bank Mont as* unch Bank Nova BcoUa 14* 30* Bell T»1 BP Can Ltd 23* BraaCan 37 •f 1 Can Imp Bk 30* unci) Can Prm M| Canpac Carllnt OTCcefc 46H 19 Cmbl Rd Lk »<* Cn199 words
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Article200 1984-02-11 9 SHARE prices yesterday continued to tall in quiet trading on Australian stock exchanges in line with weakness on overseas stock markets. m M 3m ta INDUSTRIALS C I 1W -a AMI Ml tPN 2 •l -10 52 H -1 [[•"Y; g "T unch V T* -a -i200 words
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Article90 1984-02-11 9 FEB 10 Pcaoa AcoJc Iflntac Anclo Pl»« Apu Mtntnf a&u coo. A Bafulo Gold fUgif iw—i MM unch m»i -a unch iii BMfiHt Con. B Sep nm Phu Hides Lapanto Martnduque B Manual OjQOI 1M 0-32 ut 4J0 unch •1 -MS -0.1 -MOB >U Oriental B MM -0.003 Phil90 words
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Article273 1984-02-11 9 HONGKONG STOCKS closed lower yesterday as investors sold their holdings on news that Soviet radio was broadcasting solemn music, brokers said. However, they added, the news is only an excuse for selling, a technical necessity after gains early in the week. The Hang Seng Index closed off273 words
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Article519 1984-02-11 9 SHARE prices closed lower but off the lows after the decline on Wall street, and the market average ended yesterday below 10,000 for the first time for a month, dealers said. The average, which fell 98.05 on Thursday, fell 41.64 to close at 9,969.90. It was519 words
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Article89 1984-02-11 9 Bui Shoe Bartl Juckar I. MS uneh Charaooc Thai Wirt Firestone first Trust Ooodjw Industrial Plnan Ot Corp Jalaprathan Cement-. W|tMiwpMirnft| MeUl Ben 140 -1 Rim Tower SUB unch Saba Union 1M -t Sermsuk Slam Cement an unch -4 Slam City Cement -a Stem Credit South Ada Fibre Thai89 words
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3703 1984-02-11 10 810 and offer price» officially 111 tad and business In and reported to tbe Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of IjMO units unless otherwise specified. All Times Settlement Contract* are quoted3,703 words
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Article3337 1984-02-11 10 IM am* Lew Ctapav Laat Bala orOr*s Dhr Dhr C*TT Or's YTd Nat PSE Vel COOO) Day High Law SECTION ONE DfDtMTBIAL ft COMMBBCIAL 1 1 j < 1 < < K i i ra sm M IB m ns s MS ns ra ra us ns3,337 words
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Article175 1984-02-11 10 Maaagen* prieci i for Feb 11 IS SINGAPORE UNIT RUST DIAMOND MOT 1 mi E The Commerce 3J0 3.81 Jan Feb The Savlagi Fund 2.15 2J8 Diamond Spore Prog Fund S'pore Sec. Fund 1.5C 1.65 S'pore Fd(USS) 0.« 0.52 2.39 154 SI 1.02 1.11 S pore Invest Fund175 words
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Article1969 1984-02-11 10 bid and Offer prices officially "•ted and business In and reported to the Kuala Lumpur Btock Exchange yesterday, with the number of shares traded shown In brackets in IoU of 1,000 "nits unless otherwise specified. INDCSTUALB »|iWHi (4.008 4.065) (3) 4.00 AtoMB (2.908 2.925) (S) 2.90 (4)1,969 words
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Article863 1984-02-11 10 SHAKE price* closed tower en the Stagapore stock market yesterday. Trading remained very selective and Investors took to the sidelines ahead of the weekend. At the ctoee, the Straits Times ladsstrlai ladex tost SJS points to IJSSJS and the Ihdnsi Times Compooite ladex eased SJS petals863 words
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Article572 1984-02-11 10 TAN CHONG Motor Holdings and selected rubberbased stocks stole the limelight at the Kuala Lumpur stock market yesterday. Prices opened generally at overnight levels but drifted slightly lower for most of the morning session on lack of trading interest. Some buying support among572 words
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534 1984-02-11 11 Reuter THE economic signs were there before the stock market entered 1384, bat until this week Wall Street apparently did not take the threat of another economic recession seriously. The sceptics, however, now seem to be firmly in control of the market.Reuter - 534 words
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Article134 1984-02-11 11 Reuter THE president of Texas Pacific 00 Co, Joe dark, has proposed a 50-50 Joint venture with the Thai government to develop its structure gas field in the Gulf of Thailand, Industry Minister Ob Vasuratna said. Mr Ob quoted Mr Clark as saying two USReuter - 134 words
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381 1984-02-11 11 AP US COMMERCE Secretary Malcolm Baldrige on Thursday accused Bethlehem Steel Corp of putting the entire American steel industry "at risk" by its efforts, to limit steel imports. Mr Baldrige attacked the decision by America's No 2 steelmaker to file a petitionAP - 381 words
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985 1984-02-11 11 Barkat Talk... MAGNUM Corporation Bhd is attractive for the high earnings growth potential of its lottery hnsinir—, which appears likely to continue at least for the next five to 10 years. This is the view of London stockbroking firm James Cape] 6 Company in985 words
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Article283 1984-02-11 11 Reuter IMPERIAL Group PLC said indications far the first quarter of fiscal 1983/84 ending October are that group pre-tax profit 9s satisfactorily ahead of the same period last year. This is in line with Imperial's expectations of continuing profit growth far the year as a whole,Reuter - 283 words
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Article333 1984-02-11 11 AFP CABLE and Wireless PLC intends to take advantage at its successful takeover of Hongkong Telephone Co (Telco) to intensify its efforts in the Chins market, senior executives of the London-based giant said. The move also underlined confidence' that Cable and Wireless, which is alreadyAFP - 333 words
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Article283 1984-02-11 11 Cw-I Ex Baahi Data IMalBer TrtalBg mm MC* Date Feb 13 Feb 23 MUTM* Ike year 14* 65* Ajrer Matafc 30% Feb 8 Feb IB Feb 20 20* 30* BMT m%i Feb 9 Fab IB Feb 30 200* 300* Bala Kwna 19* Jan 30 Feb 14 Marl 20*283 words
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198 1984-02-11 11 Reuter AUSTRALIA'S rcgalslsij body, the National Compute, Is heldtog talks wltfc ■eO Groan Ltd feitowtas Bell's purehaae af a centre? lag Interest la Weeks Pa» traleam Ltd. the Elbert esntoelled Ml Greap has a 09 per cent stake In Ike London-listed Weeks Pete rts—Reuter - 198 words
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Article441 1984-02-11 11 ICS MBS SBS Rothmin* IUi Faber Merlin PMM F F I I I Date tea* year *n 3/2 4/2 7/2 8/2 La Net EPS <«■*> 18.0 23.4 19.4 2L8 41 Bt PaU Tear Oraaa Dtf. <%> 115 20.0 14.0 81 5*a) Net Pratt <nn> 5,912 19,081 4152 *****441 words
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Article421 1984-02-11 11 c*c CMn Teek CMgrDav WDM ■MklMf BHMWi PiriMn Ex Data Mb CI Bonus Issue of 1 for 4 Feb 24 Mar2 Proposed Ikihui issue of Iter 1 NYA NYA Proposed rights issue of 1 for 1 $LJ0 per stare NYA NYA Proposed $M million unsecured ten stock 1SM/W1421 words
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Page 11 Advertisements
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Advertisement95 1984-02-11 11 o [W l/JU n P 10 rctt I KTEPHATXXAi I PETER TANOOS PAUL RUBINSTEIN A Fast-paced Novel of High Finance and I International Intrigue. $L2O It was (he most ambitious and brilliant financial coup the world had ever seen. They would corner the wheat market, make a fortune and beat95 words
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Chief Price Changes
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Article174 1984-02-11 12 Rises Ltea Bm TMMU Tu Ckoaf N 8 T Orliatal BUm Stk MtUbT Tmfc f i—I Man* Mi 8 T p im ItaM Pik Lm| Credit Ihtrrtov Strait* Tra4J*« CA8BM« Hyd 800 no 1000 mo aao aao 48B 198 1560 1100 M0 aao aao 966 410 +T5 +aa +80174 words
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Article, Illustration145 1984-02-11 12 Rises Taiping Coil 1530 Temerloh 995 +180 +85 Tan Choug 1120 +80 Lien Hoe 975 +70 Oriental 695 +60 KTPau 960 +60 Cast Wield 3060 +50 Tongkah 710 +40 UtdMal Taaek 760 +40 530 +30 Gadek 525 +25 Tbnuran 780 +25 HL Credit 830 Falls +25 Tcvfaiba D145 words
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Article50 1984-02-11 12 HXHANG 8KNG Friday 1060.77 Thursday 1000.08 Week Ago closed AUSTRALIAN INDUSTRIALS Friday BSOJ Thursday mo Week Ago unavailable ALL ORDINARIES Friday 74X2 Thursday 747.6 Week Ago 776.8 FINANCIAL TIME8 INDUSTRIALS Thursday SOU Wednesday 806.0 Week Ago 824.1 DOW JONK8 AVERAGE INDUSTRIALS Thursday 1152.74 Wednesday 1196J0 Week Ago 1213.8850 words
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Article466 1984-02-11 12 CHAN OI CHEE - mmm Companies Editor: ALAN LEE By CHAN OI CHEE RANKS Hovis McDougall PLC, the UK parent company of Cerebos Pacific Ltd, has sold five million shares in the latter for $12.9 million. The sale was placed in the market on Feb 6 by a466 words
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208 1984-02-11 12 MALAYSIA Ale. BM, tke M Blil|<ll j •f riara tola year, hi expMM to be Mai m the KLSEfe the miMle tt aezt Am eipeetei, the n> gwe hhetowglini ''iVlh'ulhiM (er «Sit mm— there* hiwlilM Mfft.t ■Illlta were received tor the perttea ef208 words
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345 1984-02-11 12 TONGKAH Harbour Tin Dredging Bhd, a member of the MMC stable, has been attracting much speculative interest in the stock market lately. In early December last year, the counter was hovering at about MR 00 on the Kuala Lumpur stock market but by the end345 words
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692 1984-02-11 12 TWO Malaysian tyre companies currently locked in a lengthy legal battle are back in the court again. This time IT International Sdn Bhd is suing Daalsp Mshydss Isdsstrfas Bhd as well as ta> lsp IfsHlags PLC (or damages arising from what IT alleges692 words
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Article795 1984-02-11 12 SHARE prices opened mixed with a firmer bias in quiet trading yesterday. Dealers said the undertone reflects end account technical factors and buying for the next account. Thursday's closing mMHfr prices of selected stocks, excluding stamp duty, were: BUBBE8 PHYSICALS LONDON. Thura. Spot robber closed at 87 J0/90795 words
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279 1984-02-11 12 ASHTON MUag Campaay af Australia has iWilirt a US$ll5 mllliM syndicated Uaa to flauee tte share d the easts far develenlng the giant Argyle diamead mlaea prajeet. Malaysia Mining Cerperatlaa (MMC), which awns 4CJ per east af Ashtea Mining, said the lean waa syndicated279 words
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477 1984-02-11 12 NAJEEB JARHOM - By NAJEEB JARHOM MANY analysts and market watchers yesterday welcomed Straits Trading Co Ltd's acquisition of a 4.59 per cent stake in Australia's leading brewer, Carlton and United Breweries Ltd. They described the purchase as a wise move and as a477 words
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Article38 1984-02-11 12 UNITED Overt— Buk, on behalf of Tye Hua Nominees Pte Ltd, has disclosed that the consideration received for the sale of 1.96 million Sealion Hotels shares was 18.119 million, or an average of $4.16 per share.38 words
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Page 12 Advertisements
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Advertisement47 1984-02-11 12 [■iiaTMSlßaiai v\ nV t' A v \V C <* S* ,v\ V -v\ cP^v V o v. V* <£> O s \0 o s N s For more information, contact the organiser: Times House, 390 Kim Seng Road Singapore 0923 TeL- *****11 Ext 2640 to 2645 Telex: RS *****47 words
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Page 12 Miscellaneous
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Miscellaneous59 1984-02-11 12 OUTLOOK far today: Showers in several areas in the afternoon and evening. Report for 24 bran prfor to 7J9 pm m Feb II at the alrpert: Maximum temperature 30.0 Associated humidity 77 Minimum temperature 23-1 Associated humidity 97 Hours of sunshine 2 45 Rainfall in millimetres Total rainfall for the59 words
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