The Business Times, 10 March 1984
1984-03-10
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The Business Times
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Title Section12 1984-03-10 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, MARCH 1«, 1)84 60 CENTS12 words
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467 1984-03-10 1 TSANG SAU YIN - By TSANG SAU YIN TELEVISION did not manage to keep up with the growing advertising industry last year. Television's share of the $300 million advertising cake fell significantly by three percentage points to 24.6 per cent in 1983. This was in spite of467 words
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94 1984-03-10 1 THE cases against property developer Ho Kok Cheong, who faces 28 counts of violating the Companies Act, have been adjourned to April 13. Ho is charged with violating the Companies Act in connection with his taking over the majority control of Leong Huat Industries94 words
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585 1984-03-10 1 LIM SOON NEO - By LIM SOON NEO LATEST figures from Richard Ellis (Pte) Ltd show that private developers will add another 290,430 sq metres of retail space to the market between 1984 and 1986. These figures, compiled by the research department of the property consultant, are based585 words
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457 1984-03-10 1 IS THE government's new incentive to local companies investing in approved capital projects sufficient to prompt more investments in high-risk ventures. This, question and the reaction of members of the business community here to the recently-announced proposed tax incentives were highlighted on SBC's Friday Background programme457 words
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325 1984-03-10 1 OIL COMPANIES and traders importing oil from the Persian Gulf war zone are facing higher costs as well as risks amid mounting tension there. This is evident in the difficulty Singapore Petroleum Company (SPC) had in finding a tanker to load325 words
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BRIEFLY...
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Article76 1984-03-10 1 THE Public Utilities Board (PUB) has set aside more than $8 million this year for overhauls and maintenance work at the Senoko Power Station. The board completed the development of the three stages of the power station last year at a total cost of $1.2 billion. Stage I76 words
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Article49 1984-03-10 1 Reuter THE US civilian unemployment rate declined to a seasonally adjusted 7.8 per cent in February from 8 per cent in January. The jobless rate has been heading downward since January 1983. In January of this year, the rate declined from 8.2 per cent last December. ReuterReuter - 49 words
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Article73 1984-03-10 1 Reuter WORLDWIDE krugerrand sales fell to 187,960 ounces in February from 242,199 ounces in January. The International Gold Corp, Intergold, said yesterday that the February figure was the lowest since last August and was 27 per cent down on the 256,359 ounces sold in February last year. IntergoldReuter - 73 words
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Article59 1984-03-10 1 AFP INDONESIA and Japan are studying concrete steps to boost exports of Indonesian industrial and non-oil products to Japan, Minister of Industries Hartarto said yesterday. Japan is a potential market for intermediate industrial products from Indonesia, the minister said after meeting a 17-member Japanese Economic Cooperation MissionAFP - 59 words
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Article50 1984-03-10 1 AFP THE Iran-Iraq war has probably cost the world's ship insurers more than US$5OO million since September 1980, Lloyd's list estimated yesterday. The figure includes about $450 million in respect of payments for 80 ships held up in the Shatt A 1 Arab since hostilities began. AFPAFP - 50 words
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Article85 1984-03-10 1 AFP THE anti-smuggling efforts by Thailand, Indonesia and Malaysia to check illegal shipments of tin are considered to have been "effective", and the illicit trade is now at "acceptable" levels. A report by the International Tin Council said that the outlook for 1984 is "much brighter", andAFP - 85 words
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Article100 1984-03-10 1 Reuter THE Soviet bloc's arms sales to non-communist Third World countries have virtually trebled since 1975, but its development aid actually declined over the same period and may drop further. A report by Nato's economic committee said that Moscow and its East European allies sold arms worthReuter - 100 words
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Article, Illustration267 1984-03-10 1 UPI HANOI will withdraw more troop* tram Cimb<fli this year, bat will net agree to a unilateral palleat of its forces, «aid Vietnamese Foreign Minister Ngayen Co Thack (*k»ve). Mr IWk, who flew to Bangkok yesterday to begin a two-week regional tour of Indaaeaia, Australia andUPI - 267 words
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559 1984-03-10 1 MONICA GWEE - By MONICA GWEE OWNERS of private property or HUDC Phase I or II flats under the Approved Residential Properties Scheme can now buy another house or flat more easily if they have owned their homes for at least five years. Previously, home owners who559 words
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Page 1 Advertisements
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Advertisement238 1984-03-10 1 Don't miss the highyarn show of the year S.E. Asia's 2nd International Exhibition of Textile and Garment Machinery and Fabric* Trade. 10-14 APRIL'B4WTC [KMDS THE Wah-Chang International Group, in partnership with Reading and Bates Drilling Company, has signed a 12-year joint venture agreement with China National Offshore 00 Corporation Page238 words
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Advertisement181 1984-03-10 1 Easy home ownership "with 6 convenient loan schemes. is V 1. Standard Housing Loan Schame Housing loan CPF 100% of valuation a 20 year loan period 2. Standard Housing Loan/Balloon Schame a Similar to Scheme 1 a Additional advantage of 20% lump sum payment at the end of the period181 words
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Advertisement180 1984-03-10 1 buy best at exhibitions INTERFAMA EXHIBITIONS organised for business 1, Maritime Square 12-05 World Trade Centre Tel: *****12 Tlx: RS *****INFAMA Save your company time and money Ife easy with Hongkongßank Hongkongßank auto Pay is an electronic payment system which permits the automatic transfer of funds to or from current180 words
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HOME NEWS
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Article436 1984-03-10 2 SHAHRIR ARIFF - By SHAHRIR ARIFF THE LATEST techniques and methods of monitoring environmental pollutants, such as the application of total reflection Xray florescence and electron microscopy, will be among the topics of discussion at a conference on the "Third Symposium On Our Environment" from March 27 to 29.436 words
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375 1984-03-10 2 LUCY NG - By LUCY NG INCREASING competition from "suburban" shopping centres such as Parkway Parade and large department stores like Daimaru has forced some Orchard Road specialists to change their strategies. An example of this change is the Signature Shop at Centrepoint, set375 words
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314 1984-03-10 2 THE Wah-Chang International Group, in partnership with Reading and Bates Drilling Company, today signed a 12-year Joint venture agreement with China National Offshore Oil Corporation (CNOOC), to set up a drilling company to manage and operate semi-submersible rigs, drillships, and other drilling rigs in314 words
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Article88 1984-03-10 2 THE Government is asking Parliament to approve the appropriation of $8.02 billion from the Consolidated Fund to meet the estimated expenditure for the new fiscal year beginning April 1. This is being done through a Bill read for the first time on March 2 and entitled88 words
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164 1984-03-10 2 MR SON SANN, Prime Minister of the Government of Democratic Kampuchea, spoke with optimism about the victories scored by the coalition and the Khmer People's National Liberation Front over the Vietnamese. In his statement on arrival in Singapore yesterday, Mr Son Sann said: "The164 words
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Article204 1984-03-10 2 PARKWAY PnpcrflH Pte Ltd <PP), the mer ef Parkway Parade, gave away am tkaa la dsasfltt yesterday at tke •ffldal epealag ef tke >k*pMag eeatre. Tkto to la Use wttk PP'« pkllesepky ef Ideattfytag wttk tke eemmalty. Tke largest slagle ameaat ef $m r MI204 words
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Article771 1984-03-10 2 SEMINARS AND COUBSES March 10: Telephone Techniques And Courtesies, Thong Teck Building, Singapore Institute Of Management March 10, 17 A 24: Office Communications Workshop, POD Training Centre, Secretariats and Meetings Pte Ltd March 12-14: Tactics and Techniques For Effective Supervision, Thong Teck Building, Singapore Institute Of Management March771 words
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Article282 1984-03-10 2 FOREIGN workers who like living In Singapore might soon find that life here without valid work permits is not so pleasant after all. The Ministries of Home Affairs and Labour are warning them that an "all out effort" will be taken to seek out anyone who282 words
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Article, Illustration475 1984-03-10 2 PENG AILIAN - By PENG AILIAN THE Singapore branch of the Indian Bank has applied to the Economic Development Board to participate in the board's Small Industries Finance Scheme. Mr MES Raghavan, the bank's deputy general manager, feels that it will be able to contribute475 words
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505 1984-03-10 2 DR TAN Cheng Bock, Member of Parliament (or Ayer Rajah, will ask eight questions at the Parliament sitting on Monday. His questions for oral answer will be directed to Dr Goh Keng Swee, First Deputy Prime Minister and Minister for Education. Dr505 words
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393 1984-03-10 2 LEE HAN SHIH - By LEE HAN SHIH WITH THE END of the sale of Housing and Development Board flats now in sight, another 2,714 tenants have been given the choice of either buying or moving elsewhere. Those moving would get priority on nearby393 words
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Page 2 Advertisements
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Advertisement147 1984-03-10 2 ■&f.y m i mj i 'k :i. f i f.*.. :l»f ill-'' 5. vX\ ?v:3E? -•'i x-: J m Wwii J#*** > V Bj^SS ff* *T" Sw *> > v V.-'-0 4 U jr >#«if y- jSfc6iPp# «*>»■ :v r -> C> «a(W» H&tf V IR X <Sf J* •gift*147 words
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BANKING AND FINANCE
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Article229 1984-03-10 3 Reuter THE Bank of Japan said freeing of interest rates in Japan is necessary to smoothe the flow of increasing personal monetary assets to corporate enterprises through banks and markets. In its monthly research bulletin, the bank said personal monetary assets (including cash, deposits, securitiesReuter - 229 words
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234 1984-03-10 3 Reuter ECONOMISTS said there is no evidence of firming in Federal Reserve data released on Thursday in spite of credit market concern the Fed is tightening its grip on reserves. Indeed, the Fed revised its estimate of banks' average daily net freeReuter - 234 words
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Article58 1984-03-10 3 Reuter BANGKOK Bank has raised its prime rate by half a percentage point to 17 per cent, effective immediately, a bank spokesman said. Bangkok Bank, Thailand's largest commercial bank, was the last major bank to increase its prime rate. Other banks have held prime at 17Reuter - 58 words
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152 1984-03-10 3 AFP CURRENCIES within the European Monetary System (EMS) are unlikely to be realigned before the autumn, analysts Maxwell Stamp Associates forecast in London. While saying that a realignment in May or June could not be ruled out, the analysts said in their latest report thatAFP - 152 words
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443 1984-03-10 3 SOH TIANG KENG - By SOH TIANG KENG THE TIE-UP between Singapore and Chicago under the mutual offset system will generate more liquidity and augurs well for the future of the nation's financial futures market. This was emphasised on Thursday by Mr L W Briggs, senior vicepresident and country443 words
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MONEY AND EXCHANGES
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Article23 1984-03-10 3 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.083 per cent.23 words
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Article182 1984-03-10 3 ASIAN ASIAN currency deposit interbank rates as at 5 pm on March 9: US Dollar* Offer Bid 7 days 9% 9* 1 month 10W 10 2 months 10 5/16 10 3/16 3 months 10 7/16 10 5/16 6 months 10% 10* 9 months 10 15/16 10 13/16 12 months 113/16182 words
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Article46 1984-03-10 3 RANGE of prices offered by discount bouses on March 9: Overnight: 3 Call deposits: 2 3 Closing Baying felling a. 3-month Treasury bills 2H 2V4 3-month Bank bills 715/10 713/16 3 months CD 77/1« 75/18 6 months CD 77/1« 7 5/16 Source: National Discount Co46 words
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Article49 1984-03-10 3 RESULTS ot tender held yesterday for 91-day Treasury bills to be Issued from March 12 to March 16. Offered: 1160,000,000 Applied tor: 1192,500,000. Altoted: 1160,000,000. Accepted klda: $99.33 approximately 61 per cent; higher bids in full. Average rate d diaeeut aa altetneat: 2.660 per cent per annum.49 words
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Article61 1984-03-10 3 THE US dollar yesterday recovered after opening lower in line with New York, but sentiment remained bearish for the currency. Banknote rates yesterday: (HK per 1): US 7.76/7.78 UK 11.25/11.45 Brunei 3.70/3.72 W Germany 3.015/3.035 Malaysia 3.37/3.39 Philippines 0.52/0.54 Singapore 3.71/3.73 (HK per 10): Burma 1.50/2.50 India 5.80/6.00 (HK61 words
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Article63 1984-03-10 3 THE dollar opened generally lower in a quiet market yesterday after quickly falling about three pfennigs from highs reached on Thursday evening. Opening quotes yesterday: US 1.4647/57 Can 1.8560/90 Cross 1.2671/74 DMk 3.7590/7630 D F1 4.2450/85 SFr 3.1085/1130 B FY con 76.97/77.10 FFr 11.5880/6035 Lit 2338.85/2343.40 Yen 327.43/94 DKr63 words
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Article484 1984-03-10 3 THE US dollar recovered against all major currencies on the local foreign exchange market yesterday. Against the local currency, the greenback opened at 552.0860. Trading during the day took the greenback to a high of 552.0890 and a low of 552.0820. It closed at 552.0830. latartaak tanrart rain484 words
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Article308 1984-03-10 3 GOLD futures prices in Singapore yesterday closed lower on lack of buying interest in the absence of fresh news. Prompt closed U*****.50/403.50 an ounce compared with New York's $402.75/403.25 close. April ended at $404.70/405.70 against $405.00/405.50 and June at $411.70/412.70 against $412.00/412.80. Turnover was a small 91 lots, including308 words
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Article35 1984-03-10 3 New York 9.97B 9 74B 10.02S 9.97S Zurich 9.MB 9 838 9 ess 9.HS r« Am Singapore 9.93B 9.63B 9.98S 9.WS Closing price* in US dollars a troy ounce. Source: Credit Suisse, S'pore35 words
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Article224 1984-03-10 3 THE US dollar yesterday recovered from its late plunge in New York on Thursday on pre-weekend covering of short positions by operators concerned about high US interest rates. It ended at 223.75 yen against the 222.40/60 New York finish, but was below the 224.20 close in Tokyo on Thurday.224 words
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Page 3 Advertisements
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Advertisement276 1984-03-10 3 THAI S ASIAEUROPE EXPRESS ROUTES One-stop to Copenhagen, Frankfurt, Rome and Athens,then take your choice to Paris, Amsterdam and London. Now by Royal Executive Class. Catch Thai on the GREAT CIRCLE EXPRESS ROUTE. It flies the shortest distance non-stop to COPENHAGEN,FRANKFURT,ROME and ATHENS. Then onward to the other great European276 words
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OVERSEAS
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Article, Illustration746 1984-03-10 4 NYT PRESIDENT Reagan, under pressure from his congressional allies for budget concessions, agreed on Thursday to try to work out a package with Senate Republicans that would include some reductions in his request for military spending. An official close to the negotiations said yesterday that MrNYT - 746 words
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Article1039 1984-03-10 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdnt FCL Location Jenwel 08/84 11.3.84 0900 Thong Soon FSB 1400-1600/2000-2100 B8 Sea Glory 10 11.3.84 0700 Eastern M TA 3 1100-1300/1800-1900 B3 Sea Fortune 11 11.3.84 0700 Eastern M TA 3 0900-1100/1700-1900 A3 Tambang1,039 words
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Article, Illustration438 1984-03-10 4 AP THE US will act to "protect" itself if Japan fails to resolve quickly a longstanding dispute over barriers to American farm goods, US Trade Representative William Brock said on Thursday. Mr Brock denied he was threatening the Japanese, and saidAP - 438 words
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479 1984-03-10 4 UPI THE Centre for Auto Safety in the US said on Thursday that the government has been looking into possible defects of 42 million cars, and many of the potential problems may be deadly. The centre, a private organisation, released a listUPI - 479 words
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304 1984-03-10 4 Reuter IRAN on Thursday offered concessionary insurance rates against war damage to encourage tankers to lift oil from its Gulf ports and said it was backing its offer by putting US$lOO million into a London bank account. Insurance rates for ships usingReuter - 304 words
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Article354 1984-03-10 4 NYT MR MARTIN S Feldstein, chairman of President Reagan's Council of Economic Advisers, on Thursday predicted an annual growth rate of six per cent for the US economy this winter, considerably faster than the four to five per cent pace that the administration and mostNYT - 354 words
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Article171 1984-03-10 4 AFP A PROSPECTOR has struck gold in what is likely to be the most significant find in Western Australia in decades. A mining official said yesterday that the discovery was reported by Sir Laurence Brodie-Hall, a former director of the Western Mining Corp, who is nowAFP - 171 words
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140 1984-03-10 4 AFP RECENT Japanese experiments have shown that optical fibers can be used for undersea communication transmissions up to a depth of 7,000 metres. Japan's international communication monopoly, HDD, said yesterday that tests had been carried out on the fibers, hair-like transparent strands which carry messages throughAFP - 140 words
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Article764 1984-03-10 4 ARRIVALS Service Local Operator Number Time From FT FT71 0040 JFK/OED/ANC/ NRT/TPE SIA SQ1I 0110 LAX/TYO CAL CI331 0150 TPE PAA PA5 0225 JFK/SFO/HKG MAS MH601 0820 KUL cv CVT96 0900 LUX/DXB MAS MH671 0905 KUL SV SV396 0910 JED/RUH MAS MH811 0910 PEN SIA SQ103 0950764 words
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477 1984-03-10 5 Reuter THE Reagan Administration is signalling worry that the Atlantic Alliance may be heading for problems as Western Europe focusses on regional affairs, leaving the role of world power to the US. American warnings that differing perceptions between the US and Western EuropeReuter - 477 words
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439 1984-03-10 5 UPI US STEELMAKERS on Thursday launched a twomonth campaign to push for passage of an import quota bill that they say would save the industry, create jobs and increase the cost of their products. "Foreign steel steals jobs," was the slogan a tractor-trailer truck carriedUPI - 439 words
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285 1984-03-10 5 UPI TWO CHINESE nationals and three Americans denied charges of plotting to smuggle US$l million worth of classified high-iechnology military gear to China. The five, arrested by US customs agents on Feb 11 in an undercover "sting" operation, onUPI - 285 words
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541 1984-03-10 5 NYT AMERICAN Justice Department anti-trust chief J Paul McGrath on Thursday described as "exaggerated" the fears of those who assert that large corporate mergers consume the nation's capital and who would therefore restrict such combinations by law. "Mergers do not appreciably lessen aggregate savings," MrNYT - 541 words
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239 1984-03-10 5 AFP IT WAS unlikely that the Russians would return to the Euromissile negotiations in Geneva before the US presidential election next November, the chief US negotiator said on Thursday. "The Russians have given no indication they want to resume the negotiationsAFP - 239 words
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Article, Illustration272 1984-03-10 5 AP AN "ELECTRONIC university" enabling American students to take college courses via computer without ever having to set foot on a campus was unveiled in New York on Thursday. The idea, which has drawn praise from US administration officials including Vice-President George Bush and Education SecretaryAP; Source: AP picture - 272 words
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WORLD IN BRIEF
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Article704 1984-03-10 5 Agencies HONDA of America said on Thursday that it would build a US$3O million plant in Ohio to manufacture motorcycle engines. Honda, which already operates motorcycle and car assembly plants in Marysville, Ohio, said it had tentatively selected a 578-acre site in Shelby County, near the villageAgencies - 704 words
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269 1984-03-10 5 AFP THE Japanese government's leading role in the economic development of the country as well as its unique management practices and work ethics were the main factors in Japan's success in industrialisation, a Japanese professor said. Dr Kunio Yoshihara from the Centre forAFP - 269 words
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155 1984-03-10 5 UPI GREECE accused Turkish warships of firing at a Greek destroyer In the Aegean Sea on Thursday and placed its armed forces in a "state of readiness" amid sharpening of tension between the rival Nato countries. A Greek spokesman said the governmentUPI - 155 words
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Page 4 Advertisements
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Advertisement21 1984-03-10 4 Fly Pan Am To The USA Daily And To More Than 60 U.S. Cities. Pan Am.You Can t Beat The Experience.21 words
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Page 5 Advertisements
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Advertisement73 1984-03-10 5 tavern presents Singapore's very own television personality and recording star, Halil Cik withiiie Downtown appearing nightly except Sundays) Your chance to see this talented entertainer in person and inaction. His rousing rej>rrtoire of evergreens by Elvis Presley, Tom Jones and Engelbert Hum per dink makes for an evening perfectly spent.73 words
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Advertisement627 1984-03-10 5 »VAN DER HORST LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of Van Der Horst Ltd is pleased to make the following announcement I AUDITED RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 1983 1983 1982 or COMPANY GROUP COMPANY GROUP COMPANY GROUP SSOOO SSOOO SSOOO SS-000 1627 words
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Article504 1984-03-10 6 THINK of an island and immediately images come to mind of sunny beaches and palm trees surrounded by the deep blue sea, lush green trails leading to peace and tranquility. Sentosa is not exactly an island untouched by Man. As a tourist attraction, it504 words
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Article, Illustration1313 1984-03-10 6 Reuter THE European Monetary System, EMS, celebrates its fifth anniversary next week, with its creators jubilant at founding an island of relative stability amid the turmoil of the world's foreign exchange markets. Irish central bank governor Tomas O'Cofaigh, current chairman of theReuter - 1,313 words
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Article464 1984-03-10 6 Everyone can get a discount for a fee EVERYONE can bow have a discount but it costs money. To qualify, bargain banting shoppers have to purchase a card which entitles them to discounts at selected stores. Among the benefits, card holders and potential card holders were464 words
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Page 6 Advertisements
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Advertisement581 1984-03-10 6 K TIMES CONFERENCES Presents CORPORATE TAX PLANNING FOR SINGAPORE MALAYSIA 11,12 13 APRIL, 1984 SINGAPORE 11 APRIL 1984 12 APRIL 1984 13 APRIL 1984 CHAIRMAN Mr Lee Peak Be* CHAIRMAN Mr Onlta B Qwt Tu Prtadaal Erast A Whlaaey, Sti 1183/84 TAX PLANNING REVIEW Mr Lee reek Beag Prtadgal Ceaaaltaat581 words
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Page 6 Miscellaneous
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Miscellaneous803 1984-03-10 6 SINGAPORE 5 1.00 PM Opening and Propamine Heights folowed by Sesame Street Letters Z, V and the number 4 are taught today. 2.05 Flash Gordon (Cartoon) 2.30 Saturday Matinee Sunstruck: 4.05 Davis Cup Singapore vs Phippines Albert Teo and Victor Pereira team up against Filipinos Felix Barrientos and Antonio Del803 words
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TIME OFF
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Article, Illustration770 1984-03-10 7 MONICA GWEE - By MONICA GWEE A Boggle is a madness Words that just don't match Like iron tie, risky jam And a singing cabbage patch Do not look for meaning The strength is in the word But Boggles, unlike children Are best both seen and heard. IF YOU stand770 words
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Article, Illustration547 1984-03-10 7 Monica Gwee - -By Monica Gwee JOHN Hawksworth was fed up with the British climate, the musicians' unions and the unsafe streets. So, he came to Singapore to compose music. He plays the piano and the double bass and has written more songs you547 words
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Article, Illustration513 1984-03-10 7 PENG AILIAN - By PENG AILIAN THE great master teacher Hoan Ohara of the Ohara School of Ikebana took eoatre stage sad astounded his audience with his artfai creations. He 75 year old master is the third generation descendant of Unshin Ohara who originated the third main branch513 words
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Page 7 Advertisements
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Advertisement592 1984-03-10 7 Tomorrow's whizz-kids nood this computer today! No penny arcade kid's stuff here This is the personal computer commissioned and designed specifically for the British Broadcasting Corporation's nationwide "Computer Literacy'' programme It is recommended by the Department of Industry for Primary and Secondary schools throughout UK and is now the most592 words
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Page 7 Miscellaneous
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Miscellaneous783 1984-03-10 7 -IN-ONE CROSSWORD mm m yjni CRYPTIC PUZZLE ACROGB 9 Where to eat out of town, on the way home (9) 10 The records go on the wall (8) 12 Say one's name to arouse one? (4) 13 Liver cooked by a woman 14 Think that is mum having a drink783 words
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Miscellaneous386 1984-03-10 7 WHAT'S ON CONCERTS Familiar Favourites by the SSO tonight. Programme includes theme from Annie by Strouse, In a Persian Market, In a Chinese Garden by Ketelby and Children's Game by Bizet. Victoria Concert Hall, 8.15 pm. Tickets: $4, $7, $10 and $15. The SSO and Fausto Zadra, Italian pianist born386 words
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Page 8 Advertisements
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Advertisement987 1984-03-10 8 Where to wine, dine and entertain toda. The total card that incorporates the features of a credit card, charge card, cheque card, cast card and purchase card oeatiy into one. Call Julia at *****97 (20 lines) for an application form. n lUu JAPANESE RESTAURANT For sushi. For teppanyaki. For other987 words
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Advertisement167 1984-03-10 8 restaurant u The Charming experience Delicacies from Hunan novoiei n rli S iJ (NUMI HHI 214 Dunearn Road, Singapore 1129. T«i: *****49,*****22 Hong Kong Style Enjoyment Lunch Specialty: OIAN XtM Our subsidiary restaurant, mm TUNG LOK SHARK'S FIN RESTAURANT Liang Court. 4th Storey k River Valley Road T«t *****22 T167 words
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INTERNATIONAL STOCKS
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Article174 1984-03-10 9 MAR m nwntiut GROUPB Cam four i«" +M Air-Liquid* Aqultalna Nat Dm FatoolaB S N amk CAW i ii mi an ■4 i-n—• BUB -0.7 an ♦B.4 •4 Laiaraa Moat-Haanaaay Opfl-Parlbai Pnwn>7t S3 1MB 1MJB SUB 1.1 -B -13 -0.4 v O r 1 UUU19 CM £tancalae daa r»tro*a«174 words
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Article68 1984-03-10 9 MAR« m Or Bra Lamb MM -a FOB WARD MARKET Acac an -a Arfcad i«o -i 0 -to -M -a ■X +i D Braaean UH Ssr as Da Bmtb OS 81 DMtrotMi am Ofc-Inno-Bm 3M Ort jew +1 •u •1 -t -M -M -a -M I a rm V68 words
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Article76 1984-03-10 9 MAR 00 A«£Ttiafunk* Dm n 101.10 101 JO -on 0J Hortan Kantadt mm 11SJ0 +0J 10U0 +1J SI JO >1 aojo -s Coou Oumml TWi |f 10U0 404J0 118JO ***** moo -u -u 1J 1J -u Unite Philips Knmm IZI MOJO +0l4 UOJO -0J MJO -4.4 moo -i 104J076 words
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Article160 1984-03-10 9 MAR M I a mm 1i an •U Ahold Akan «r "^1 r -u 0J Ainev r*i r >1 Amfm. Amrohnk 75. -as A 1 n~k Mai. Bomunij ■*-1 -1-J uncb M uncb 00 -I Burtot r*iuvi OJO +0.1 TIM .1 17 JO unci) —m4 PCIJ u do unen160 words
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Article50 1984-03-10 9 MAR m Kroooa r Alfa Lavml B ft ao one! mm unci AMn Trm 900 unci >1 AUm Oopco Crteaon B Trm m 387 303 unci 8. K. Bioton 9M Suditk B Fra* 380 unch Skf B Fwi 1M unch Vohro B Frw Ml unch Source: S E Bank50 words
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Article206 1984-03-10 9 *AB CI imp CXI n% AMUU K* uncb IT* ft Mean 43 +H lot Pro* Plpa W* Alcorn* Bft -ft Int Ota W* 4ft Bank Mont MM -ft loU Nlckai IT* uncb Bank Hon Scotia Uft -ft Katr AM Uft -ft Ball TM 31H H LoMaw B I4H audi206 words
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Article237 1984-03-10 9 MAR 0* Rand INDU8TRIAIJ1 Trmt Bk Ud Btaal Unlaac 130 300 18 +0 10 A Alpha 000 -ft Wool worth urn unch A bat com AC And m tiZF" Barton C O ftntth Chrkan CMA Currta Flnanca KT£» HtSld Lib Hold* Loorho I.TA M And R MccarUlJ Matboz Nunpal237 words
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Article142 1984-03-10 9 311 JO ancb 825 -5 Brown BoSS Br. 282 m$ 100 tity»h Cite (Mgy Br. ClDa Qeltj P C aao -u 1130 uoch Ctta Oaln R«g. M7 .j Crodtt Subn Br no -io Cradlt Suiaa* Ra« BaktrowMt Br. Oaorga nachar Br Olotnu Rp «n -i 2° T h W142 words
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Article77 1984-03-10 9 MAR OS I BaMon Jrt Bel Central* Ord Good Acqoa Roma Mnt lW U1J0 ♦i rut nrt rWrwtrmll -s -44 OUB in Prt» unch Inmi ItaJe*menU Ord sao '1 4 '1 m •10 M Mliano Am Ord aosflo SO Moodadorl Ord aw -no Mondadori pm mi MS Mootodlaon SMJ677 words
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Article1018 1984-03-10 9 NEW YORK WALL STREET stock prices closed slightly higher on Thursday after the market managed only a feeble rally as investors continued to monitor hints about Federal Reserve Board monetary policy. The Dow Jones Industrial Average, which fell 8.90 points on Wednesday when Fed chairman Paul Volcker1,018 words
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RAW MATERIALS
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Article1033 1984-03-10 9 COFFEE: Robusta coffee futures at midday yesterday were around £12 to £6 a tonne above Thursday's close, with all positions looking well supported. Most active May ended yesterday morning traded at £1,960 against a previous closing range of £1,961/1,963, on a volume of 787 lots. Total turnover was1,033 words
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Article365 1984-03-10 9 THE RUBBER market in Singapore yesterday closed slightly lower with April One RSS buyers quoted at 238.25 cents a kilo, down a quarter cent from Thursday's close. The morning session was quietly steady with prices hovering narrowly around overnight levels in thin trading due to a lack of interest.365 words
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Article261 1984-03-10 9 SLIGHTLY better activity was seen this week as the rubber market continued its decline by a further 3'4 cents, influenced largely by currency considerations, HelMay, Cutler, Bath C« said in its review of the Singapore and Malaysian rubber markets for the week ended March 8.261 words
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Article274 1984-03-10 9 RAS price* In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S prompt f.o.b. 234.30 235 SON Int. 1 R.S.S. April 238.30 23* 00 Int. 1 R.S.S. May 241 50 242 00 Int. 2 R.S.S 230 75 232.75N UK/Coot 229 75 231.75N Int. 3 R.S.S.274 words
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Article88 1984-03-10 9 NOON 88R and SMR pncaa ymUrd. r ■A® April May (Carnal MU) (Forward MU) Mhn Barm Mtora SSR» (1-toa pallat) 219.00 *****N 22LOO 223. OON SSR 50 (l-loa pallat) 117X0 21t 00N 21( 00 B1.00N MKKLB April May SJJgpV (l-toa pallat) 181 JO 283 50N 283 5088 words
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Article127 1984-03-10 9 Reuter THAILAND'S tin production fell 23 per cent to 27,369 tonnes in 1963 from the previous year while official exports of the metal declined 32 per cent to 17,656 tonnes. The Mineral Resources Department, however, did not provide an estimate of tin exported illegally, a majorReuter - 127 words
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Article30 1984-03-10 9 Rubber: March 9 Singapore: April 238.25 cents (down 0.25 cent) Malaysia: April 264.50 cents (up 0.50 cent) Tin: M 529.15 per kilo (unchanged) 145 tonnes (down 47 tonnes)30 words
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Article70 1984-03-10 9 THE Straits tts price la Peaaag yesterday remained at the ITA fleer level sf Ms».ls a klle, as the better steck manager (BBM maintained sappert at this s s iCm. The BBM teek meet sf the ltf teaaes en sffer, dewa (rem lit sa liarsday, and leeal Interests70 words
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632 1984-03-10 9 AFP A TWO-month strike by about 250,000 workers In Indian jute mills has posed a serious problem for the industry the country's single largest foreign exchange earner costing India US$3 million a day and leaving markets open to the competition. India is the world'sAFP - 632 words
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Article210 1984-03-10 9 MALAYSIAN crude palm oil prices yesterday closed firmer in line with palm oil futures, as India's reappearance in the market sparked covering and fresh buying interest. In the March position, south region firmed MsBo to MJ1.550 a tonne, north Ms4s to M 51,530 and central Ms4o to MJ1,520,210 words
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Article159 1984-03-10 9 CHINEBE Prsdnee Exchange, Hlngspsre, dosing prices per 111 kg yesterday. Coesrat all: Bulk fob $200.00 sellers, old drum (in second hand drum) fob $213.00 sellers, new drum fob $217.00 sellers. Copra: Mixed (loose) $115 buyers. Pepper: Muntok white pepper fob Asta NLW $655.00 sellers, Sarawak white pepper faq159 words
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Article193 1984-03-10 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) tettsa Vin: China Blue Phoenix 20 s 3,670, 32's 4,240, 40's 4,390 (per bale of 400 lbs). Pteee Ow4i: China Butterfly and Globe Brand unq, Dragon Head unq, Five Lambs unq, Flower and193 words
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Article312 1984-03-10 9 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.06, 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, Special312 words
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Article172 1984-03-10 9 SOYBEAN futures in Chicago on Thursday rallied sharply in nearby months to close from ten US-cents higher in spot March to off V« cent in November. Prices finished at session highs on fresh speculative buying from professionals and commission bouses, traders said. The Professional House bought 1.0 million May172 words
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Article190 1984-03-10 9 WHEAT futures in Chicago on Thursday dosed from off 2V« US-cents a bushel to up IV4 cents as prices finished near the top of four-cent ranges. The market was pressured throughout the day on profit-taking by professionals and technical traders following the recent sharp gains. Late buying by an190 words
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2977 1984-03-10 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after2,977 words
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Article3677 1984-03-10 10 IM3/S4 Hick Low Coal pa ay Last Sale Gr's DW or- Gr's Nat Div Y*M P/E Vol Day C»r (*000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 172 310 354 280 306 410 120 430 322 278 544* 520 535 710 300 478 418 58S 980 472 5063,677 words
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Article181 1984-03-10 10 Managers' prices far Mar It 6 12 SINGAPORE I NTT TRUST The Commerce 3.48 3.70 The Savings Fund 2.0Qxd 214zd S pore Prog Fund 1.50 1.59 S pore Sec Fund 2.30 2.44 S pore Invest Fund 1.21 1-38 S pore Equity Fund 1.48 1.57 *8U I NTT TBI'ST181 words
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Article2055 1984-03-10 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. (NDUBTRIAU3 (3 968) Una (2.698 2 70S) (3) 2.70 (5) 271 (2)2,055 words
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Article784 1984-03-10 10 SHARE prices ea the Btegaptre stock market eaM breadly lewer yeeterday after three days at geaerally finer tread. Iwh were aeea una the beard ae lavestors aad trader* aq eared peetttons ahead e( the weekead. At the etoee, the Straits Times ladastrial ladex test IJTJ784 words
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Article576 1984-03-10 10 SHARE prices on the Kuala Lumpur stock market closed easier yesterday as investors took to the sidelines pending fresh developments this weekend. Most sectors were marginally lower although selected interest was noted among plantation and industrial issues. But interest in tin counters tapered off.576 words
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COMPANY NEWS
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Article, Illustration203 1984-03-10 11 THIS is an artist's impression of GOODWOOD CITY, the namesake group's proposed $500 million redevelopment project at the main Goodwood Parte Hotel site at Scotts Road. According to chairman Tan Sri Khoo Teck Puat, no decision has been made, as yet, on the project, as it is203 words
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Article406 1984-03-10 11 Reuter GULF OIL Corp and Standard Oil Co of California are preparing their defence to mounting congressional opposition to their proposed multi-billion dollar merger. Company officials have already begun approaching opponents to the combination, including aides to Louisiana Senator Bennett Johnston, the most vocal criticReuter - 406 words
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290 1984-03-10 11 UNITED Estate Projects Bhd (UEP) has Warmed the KLSE that Its reeeat dtopooal «I Sabaag Jaya Hatel Development Sda Bhd (SJHD) ta Faber Merita Malaysia will provide a gaad appartaalty far It ta streagthea farther Its balaaee sheet as well as redeplay Its290 words
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Article183 1984-03-10 11 BATU Liataag Ratter C# Berhad: Sixtieth AGM to be held at Ladang Pinji, Lahat, Perak on Mar 12 at noon. KUALA Lampv Kepeag Berhad: AGM to be held at Ladang Pinji, Lahat, Perak on Mar 12 at 12.15 pm. HOTEL Malaysia Limited: Twenty-first AGM to be held in183 words
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Article590 1984-03-10 11 Carreat Ex Baahs Date Itoal far Tata!!* PayaMat Date Qaae PayaMe the yew Prrvt—■ Antral Anal 14%I Feb 13 Feb 23 Mar 14 14% 65% Bala Uataag 15% Marl Mar 13 Apr 12 15% 15% Beata 10%I Mar 21 Mar 31 Apr 27 NYA 10% 3.3% Battaa 5%(b)590 words
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986 1984-03-10 11 THE latest broad-based upsurge in the share prices of tin-based companies has again prompted widespread market speculation of backdoor takeovers and capital restructuring to comply with the New Economic Policy. In the past few sessions, tin counters such as Hongkong Tia PLC, Kaehal986 words
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Article460 1984-03-10 11 KUALA Sidim Rubber Co Bhd, the holding company (or Boustead Holding's plantation interests, has turned in group pre-tax profits of M 520.39 million for the six months to Dec 31, 19R3, against 15.84 million for the previous half year. However, the figures are not comparable460 words
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Article98 1984-03-10 11 Reuter COMPUTERISED trading on the Hongkong Unified Stock Exchange may not begin until late 1906, about a year later than had been expected. Chairman Ronald Li «aid the deferment is due to a delay in the handover of premises for the new exchange by the contractors.Reuter - 98 words
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ASIAN STOCKS
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Article419 1984-03-10 11 RESOURCE stocks firmed but industrials eased in quiet trading yesterday on Australian stock exchanges, brokers said. Towards the close, the All-Ordinaries Index was up 1.1 points at 719.6, the All-Industrials down 0.5 at 952.1 and the All-Resources 2.3 points higher at 535.3. The market opened broadly stronger419 words
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Article227 1984-03-10 11 mar NT CtMB indue M« +1.1 mar m "X a Um Hwt India 11.» -4.1 AU Sincere Indus 1AT5 0J0 Nan Ta Flu 30J0 AM* Cnnt 33J0 41 Pacific Com MJX -0.3 Oattter Com 31 JO unch Pacific Beet Chang Hn Bank SAAB unch Wh 1A40 -CI Chan Loon*227 words
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Article123 1984-03-10 11 MAR 0# Vokham Thai Asia Plbte B&nckok Bant Of AfudhJtjr* f *4 BlU Shoe Berll Jucker Chtnont Thai Wire Bahta IB as ITT 110 V/unch unch stam Cement Slam City Cement Stem Credit South Asia ribre Thai CommerelaJ Bank Thai Danu Bank Thai mam Bi Thai Olam Industries Thai123 words
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Article361 1984-03-10 11 HONGKONG STOCK prices yesterday closed mostly higher on institutional support, despite some small investors selling in early trading and a lack of any new supporting factors in the market, brokers said. The Hang Seng Index ended up 16.85 points at 1,094.40. Hang Seng Bank Ltd's announcement361 words
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Article424 1984-03-10 11 SHARE prices closed higher yesterday few the first time in four sessions, helped by Thursday's rally on Wall Street, dealers said. The market average rose 37.90 points to close at 9,997.22. It fell 61.88 on Thursday. Turnover was 270 million shares, the same as Thursday. Small-lot424 words
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Article93 1984-03-10 11 MAR M Pesos onmui B Phil Ouriu MIS Ml -M01 -M01 A eo)* Mtnlnc An«io Phil PhlJcz B Plcop B mi MOB Apax Mtnlnc B AUM Coo. B. Bi|Ulo Oold Bute Pvtroteun Burnt Con. B UN tue QD01 oooe 1JB unch 1 unch unch unch PLOT Podco B pm|93 words
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Chief Price Changes
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Article179 1984-03-10 12 Rises Indices 8«««orv First Allied 1400 1900 90 70 Mar 8 Mar 9 Paper Prod acta K L Indnatriea Juki 1st 338 790 549 22 20 80 BT Composite: BT Indicator 946.92 *****24 942.47 *****36 Jardine Lou Hoif 1 toi| lid 09 17V4 ST Industrials: 1022.78 1021.21 490 16179 words
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Article, Illustration147 1984-03-10 12 Rises Indices Taiping Con 2700 250 Mar 8 Mar 9 Petaling Toshiba Austral Ent Sg Bagan F AC B NST 1040 1190 +50 40 MBT Indicator: *****55 *****84 59 30 NST Industrials: 1488.79 1485.56 1380 1610 +30 30 NST Finance 2637.38 2664.02 NST Hotels: 660.66 660.53 2150 30147 words
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Article50 1984-03-10 12 H.K.HANG SENG Thursday 718.4 Week Ago 728.3 Friday 1004.40 FINANCIAL TIMES Thursday 1077.55 Week Ago 1070.63 INDUSTRIALS AUSTRALIAN INDUSTRIALS Thursday 837.7 Wednesday 835.4 Week Ago 828.3 Friday 862.1 Thursday 862.0 Week Ago 800.1 DOW JONES AVERAGE INDUSTRIALS ALL ORDINARIE8 Thursday 1147.08 Wednesday 1143.63 Friday 718.8 Week Ago 1158.4450 words
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Article879 1984-03-10 12 EQUITIES finned yesterday on selective interest, but trading volume was small due to end-account influences and the UK budget due on Tuesday, dealers said. P and 0 firmed 6p to 296 with operators speculating that the Monopolies Commission decision on the bid from Trafalgar House is imminent. Banks879 words
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Article668 1984-03-10 12 CHAN OI CHEE - HHBHI Companies Editor: ALAN LEE By CHAN OI CHEE MALAYAN United Industries Bhd, reaping the benefits of its rationalisation over the past two years, has turned in record earnings for 1983. And shareholders are to get a higher second interim dividend of seven per cent gross (four668 words
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630 1984-03-10 12 NAJEEB JARHOM - By NAJEEB JARHOM FAR East-Levingston Shipbuilding Ltd, bearing the full brunt of the depression in the rig-building industry, saw its record 1982 earnings more than halved last year. Consequently, gross dividend has been reduced to only 10 per cent from 25 per630 words
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LATEST RESULTS
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Article44 1984-03-10 12 Group at- tributable profits of $2.75 million ($2.39 million) or 10.8 cents per share (9.4 cents) for the half-year ended Dec 31, 1963. Total operating income amounted to $14.6 million compared with $9.72 million before. No interim dividend was declared.44 words
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Article72 1984-03-10 12 Operating profit after tax of M 51.19 million ($748,347) on turnover and investment income of $1.73 million and $1.27 million respectively for the year ended Dec 31, 1963. Earnings per share amounted to 29.94 cents (18.14 cents) and net tangible assets per share was $6.8372 words
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Article71 1984-03-10 12 DATUK Lee San Choon, the former national president of the MCA, has been appointed chairman of Mistrial Oxygea laearparated Bfcd. He will take over from General Tunku Osman bin Tunku Mohd Jewa (the former chairman) who has been appointed adviser to the board of IOI and will remain71 words
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Article, Illustration242 1984-03-10 12 CHART PfflilßT Hock Lock Siew FOLLOWING the accelerated rise la the price of Amcel shares (alNg the dotted Hae) tram abeat $1.71 to a beat $LM, the price has heea oeagested wtthta a aarraw baad. This tea reaaltcd la the tsrmsttoa •f a reetaagalar pattera (AB.-CD)Hock Lock Siew - 242 words
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297 1984-03-10 12 BUSINESSMAN and politician Tan Koon Swan is expected to step down as executive chairman and managing director of MaltlParpase Haldlags Bhd tomorrow. Sources say he will announce his resignation at the Koperasi Serbaguna Malaysia (KSM) liaison committee members seminar at Wisma MCA297 words
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Advertisement458 1984-03-10 12 Habib Bank Limited CONSOLIDATED (CONDENSED) BALANCE SHEET AS AT 31ST DECEMBER 1982 LIABILITIES Authorised Capital Paid-up Capital Reserve Funds and Surplus Total Equity Capital: Deposits and Other Accounts Bills Payable and Other Accounts Borrowing from Banks Acceptances and Contra Items 1182 RUPEES 1.000.000.000 *42!&>!U6 737,557,183 1,280,482,183 40,839,640,570 4,422,677,663 2,667,495,927 14.670,279,175458 words
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Page 12 Miscellaneous
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Miscellaneous59 1984-03-10 12 OUTLOOK for today: Showers in a few areas in the late afternoon. Report for 24 boars prior to 7.39 pm on Mar t at the airport: Maximum temperature 31.5 Associated humidity 64 Minimum temperature 23.2 Associated humidity 94 Hours of sunshine 8.10 Rainfall in millimetres Nil Total rainfall for the59 words
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