The Business Times, 24 March 1984

Microfilm: NL14371
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, MARCH 24,1584 60 CENTS
    11 words
  • Article
    Tata-Elxsi sells its first computer
    420 1 TATA-ELXSI, Singapore's shining hope in high-tech-nology computer manufacturing, has just sold the first of its products to the Australian government for more than $3.2 million. But the computer is not manufactured in Singapore. Tata-Elxsi, incorporated here more than three years ago, cannot exactly be called
    420 words
  • Article
    Judge dismisses jury in Jalil murder case
    187 1 THE Jalil Ibrahim murder trial in Hongkong hit another obstacle yesterday when the Judge dismissed the entire jury. Justice O'Connor said he had received information that one of the jurors had business associations and that the defence and prosecution might be "unhappy" if
    187 words
  • Article
    Fuji Oil — a $30m 'quality' investment
    452 1  - Fuji Oil a $30m 'quality' investment By JOHN LIM IT MAY not be producing the real thing and company officials avoid the term "substitute", but Fuji Oil Singapore Pte Ltd, a $30 million Japanese project, Is seen as a "quality" investment by the Economic Development Board. This is is not
    452 words
  • Article, Illustration
    Lock icon Tan Koon Swan gets backing for meeting
    158 1 Bernama MALAYSIAN Chinese Association's expelled group of 14 leaders, led by its former vice-president, Mr Tan Koon Swan, yesterday claimed to have mustered strong support for an extraordinary meeting of the general assembly of the party. Bfr Tan said supporters of his faction
    Bernama  -  158 words
  • Article, Illustration
    Fast food franchise with a local flavour
    592 1  -  By LEE HAN SHIH WHAT could become a new trend in the fast food business has been started by Milano Pizza House, which has become the first recorded local fast food chain to award a franchise in Singapore. Instead of relying on imported
    592 words
  • Article
    Pentagon plans US$280m F-16 sale
    205 1 THE Pentagon has informed the American Congress that it intends to sell Singapore eight F-16/79 fighter aircraft costing US$2BO million. It said that sale of the F-16 would support US security objectives by improving Singapore's capability to defend itself, promoting closer ties between Singapore and
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  • BRIEFLY...
    • Article
      Diplomatic relations
      24 1 SINGAPORE and the Republic of Zaire have decided on the establishment of diplomatic relations between them on the level of nonresident ambassadors.
      24 words
    • Article
      Lock icon Pay rise
      73 1 AFP THE New Zealand government yesterday gave the country's workforce its first pay rise in almost two years. From April 1, full time workers will receive a general wage order of US$5.3O a week before tax. New Zealand workers have not been able to negotiate pay rises since
      AFP  -  73 words
    • Article
      Lock icon Submit proposal
      75 1 AP TWO days of US-Japan talks on the liberalisation of Japan's financial markets ended yesterday with a Japanese official promising to submit a specific proposal for development of the Euro-yen bond market, sources said. Mr Tomitsu Oba, in charge of international affairs at Japan's powerful Ministry of Finance,
      AP  -  75 words
    • Article
      Lock icon Death threats
      62 1 AFP AN ISLAMIC group has threatened some 13,000 French, Italian, British and American nationals in Indonesia with death to avenge the killings in Lebanon and embassy spokesmen are taking the warning "very seriously." They said yesterday that the death threats were conveyed in several letters. The spokesmen added
      AFP  -  62 words
    • Article
      Lock icon Hijack
      70 1 AFP THE PASSENGERS and crew of a Beijing-bound British Airways Snbo Jet returned to Hongkong on ursday after their plane was hijacked to Taipei by a Chinese man who reportedly claimed to have explosives aboard. All 338 passengers and 16 crew members aboard were unharmed. The hijacker surrendered to
      AFP  -  70 words
    • Article
      Lock icon Anti-dumping duties
      71 1 UPI THE European Commission yesterday imposed provisional anti-dump-ing duties ranging from 4.96 to 37.44 per cent into the commission on imports of miniature and instrument ball bearings from Japan and Singapore. The commission had opened an anti-dumping investigation in July last year following a complaint from European bearings
      UPI  -  71 words
    • Article
      Lock icon Nakosone in China
      73 1 UPI JAPANESE Prime Minister Yasuhiro Nakasone arrived in China yesterday for a four-day visit to discuss Asian security issues and chart the course of Sino-Japanese cooperation over the remainder of the century. Mr Nakasone, accompanied by Foreign Minister Shintaro Abe, went directly to the Great Hall of
      UPI  -  73 words
  • Article
    DBS raises prime by 0.25 points
    190 1 DBS Bank will Jack up its prime lending rate by 0.25 percentage points to 8.75 per cent on Monday. This is its first change in prime in nine months. The bank last adjusted its prime in June last year, when it trimmed its rate
    190 words
  • Article
    US$200m petroleum loan signed in Singapore
    248 1 By BOH TIANO KENG SINGAPORE was the vene far yet aaatber rigalag cereDMay fiC a mNMHm Aaiaa daliar Icaa yesterday the third thla sacalh. The PetMle—i Aathcrtty at Thallaad (PAT) hae tapped the AMaa daliar airket tor UB$2M milttea advaaee by a cyadleate ef
    248 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      213 1 Don't miss the highyarn show of the year ASIATEX S.E. Asia's 2nd International Exhibition of Textile and Garment Machinery and Fabric* Trade. 10-14 APRIL'B4 WTC R&D work is a knowledge-intensive industry, offering new opportunities to Singapore's graduates Page 2 MOST of the vegetable wholesalers in Singapore will be operating from
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    • Advertisement
      Page 1 Advertisements Column 2
      125 1 h Ld t v< i 1 Irwh* Tests carried out by a Sw/ngr 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 strength and elasticity. The secret lies in Yamaha's carbon
      125 words
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      Page 1 Advertisements Column 3
      3 1 See Page S
      3 words
    • Advertisement
      Page 1 Advertisements Column 4
      180 1 buy best at exhibitions INTERFAMA EXHIBITIONS organised for business 1. Maritime Square f 12-05 Work! Trade Centre Tel: *****12 Tlx: RS *****INFAMA Save your company time arid money I& easy with Hongkongßank m Hongkongßank auto Pay is an electronic payment system which permits the automatic transfer of funds to or
      180 words
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  • HO NEWS
    • Article, Illustration
      Challenges offered by R & D-oriented firms
      356 2  - Challenges offered by R D-oriented firms By LOH HUI YIN RESEARCH and development (R&D) work is a knowledge-intensive i n d u stry, offering new opportunities to Singapore's graduates. "It means not only more jobs but more challenging jobs," pointed out Mr S Dhanabalan, Minister for Foreign Affairs and Culture.
      356 words
    • Article
      Japanese team to visit petrochem complex
      193 2 A STUDY mission from the Japan Petrochemical Industry Association will visit Styigapore's $2 billion petrochemical complex in May. Japanese press reports say the 20-man team, to be headed by Mr Eizo Tajima, president of Maruzen Petrochemical Co, will visit Saudi Arabia as well. The
      193 words
    • Article
      Insurance talk at club
      109 2 THE People's Association Retirees' Club will be organising a talk on insurance for its members at the People's Association auditorium on March 27 from 2.30pm to 4pm. This is a follow-up on a talk by one insurance agent during the two-day Pre-Re-tirement Seminar '84 organised earlier
      109 words
    • Article
      POSB stars in promotional film
      389 2  -  By PENG AILIAN THE clouds part to reveal a metropolis of differing cultures. But in the midst of this hotch-potch, there is only one national savings bank the Post Office Savings Bank (POSB). This is the introduction to a sleek, up-tempo piece of advertising for
      389 words
    • Article, Illustration
      Blowing hot over new farm
      267 2 THE SWISS would not have expected it. But their country's most famous food company will soon be growing chilli and spices in an experimental farm right here in the tropics. Eastreco, a $25 million research and development company in Singapore wholly owned by Nestle, will
      267 words
    • Article
      Doing its Thai business from here
      138 2 THE First National Bank of Boston will conduct its Thailand business through its Singapore branch from June. A bank spokesman said that, considering the unlikelihood of obtaining a banking licence in Thailand in the foreseeable future, it had been decided to close the bank's
      138 words
    • Article
      'Westward' bound for most vegetable wholesalers in town
      413 2  -  By LEE HAN SHIH MOST of the vegetable wholesalers in Singapore will be operating from the West Coast by June or July. At least, this is the expectation of the Housing and Development Board (HDB), the owner and operator of what is
      413 words
    • Article
      Airport to get new $2.2m data system
      234 2 A $2-2 MILLION eempaterM ijsif for the Mstbh aeas msaiterlag sf wM, visibility Aid weather nafltisas ever the new Ran way D sf Chaagi Airpert has recently keen fimmMssfii The system, new eperatisnal, prevldes data an wiM— ever Raaway n (epeaed since Jaaaary
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    • Article
      HDB penalises those who cheat
      353 2 THE Housing and Development Board (HDB) yesterday warned that a severe penalty awaited anyone found cheating on their application forms. The penalty, a 12-month debarment from applying to buy or rent HDB and Housing and Urban Development Co flats, is to be added on to
      353 words
    • Article
      Tradewinds to take on tour activities
      210 2  -  By JAIME LYE TRADEWINDS, a subsidiary of Singapore Airlines which operates charter flights in Southeast Asia, will have tour activities added to its normal workload from April L This is because SIA has decided to transfer its tour activities, currently under its Tourism Development
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    • Article, Illustration
      Chubb banking on new computer controlled lockers
      296 2  -  By CHEN QINGSHUN THOSE familiar manual safety deposit boxes in banks may eventually become relics erf the past. These may one day be replaced by computer controlled lockers, one version of which was unveiled yesterday by Chubb, the maker of lodes and other
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      104 2 Convene II! >- SH 4 x <1 wr Ji 1 f r r i"-! i At die largest convention ballroom in Penang With faculties Jar up to VUV persons, secretarial am teiex service and audio-visual equipment to ensure a better conference. Also, luxurious rooms, fine restaurants, and recreational amenities on
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      109 3 •»*SV i* f Ot V W i i r. <V r\ T* Vv +T v* «> v.' 4»' ■> X. k J > 4 *k X I? "V, '> r P fc fi £k--3 V, vr <* 'I p.* 5 OO APfUL-J(JN& 83 i lit The Equashin To discover the
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  • BANKING AND FINANCE
    • Article
      Lock icon Creditors discuss Latin debt crisis
      672 4 Reuter LATIN American economy ministers and top level international bankers have begun six days of talks on the region's foreign debt crisis at the Uruguayan beach resort of Punta Del Este. The pretext of this encounter is the annual meeting of the InterAmerican Development Bank
      Reuter  -  672 words
    • Article
      Lock icon First Bank of China-BOA cheque service
      300 4 AP WTTH the stroke of a pen and clink of a wine glass, officials of Bank of America (BOA) and the Bank of China have signed documents inaugurating China's first travellers cheque service available in foreign currency. The new travellers cheques, which carry the
      AP  -  300 words
    • Article
      Lock icon Huge deficits make dollar overvalued says Baldrige
      242 4 Reuter US COMMERCE Secretary Malcolm Baldrige said high budget deficits are causing the dollar to be overvalued. His view contrasted with recent statements by Treasury Secretary Donald Regan. Mr Baldrige, speaking to the US Chamber of Commerce, on Thursday said he did not
      Reuter  -  242 words
  • MONEY AND EXCHANGES
    • Article
      Prime rate
      23 4 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.083 per cent.
      23 words
    • Article
      ASIAN $ RATES
      178 4 ASIAN RATES ASIAN currency deposit Interbank rates as at 5 pm on March 23: U8 DolUn 0On Bkl 7 days 111/16 1015/16 1 month 10*. 10H 2 months 10 13/16 10 11/16 3 months 10* 10* 6 months 113/16 111/16 0 months 117/16 115/16 12 months 1111/*****/16 Dm. 8wM /MLU1.
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    • Article
      Discount
      47 4 RANGE of prk xs ottered by discount houses on Mareh 23: Overnight: 3 Call deposits: 1 -3 Chili BariM 8«UiM 3-month Treasury bills 211/16 20/16 3-month Bank bills S1/16 715/16 3 months CD 76/16 '77/16 8 months CD 7 6/16 7 7/16 Source: National Discount Co
      47 words
    • Article
      Treasury bills
      49 4 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from March 26 to March 30. Offered: $160,000,000 Applied for: 1317,000,000. Allsted: $160,000,000. Accepted bids: $99.33 approximately 47 per cent; higher bids in full. Average rate sf dbetut m allstineat: 2.685 per cent per annum.
      49 words
    • Article
      London
      108 4 THE dollar opened higher yesterday in a cautious and thin market with no new factors to take it out of a recent 2.63 to 2.65 mark range. The US currency opened at 2.6420/30 marks, a pfennig higher than Thursday's 2.6320/35 close and in- line with New York's 2.6425/40 close.
      108 words
    • Article
      Singapore market
      481 4 TRADING was very quiet on the local foreign exchange market yesterday. Against the local currency, the US dollar opened at 5J2.0950/25 and closed at 552.0910/20. bkrtMkhnriHnlMitlpi: One month *****2.0*86 Two months 2.000 2.08« -nine months 2.07*1 2.08» SU month» 2.0W/2.0573 The greenback strengthened marginally against major currencies yesterday
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    • Article
      Gold
      269 4 GOLD futures prices in Singapore yesterday turned softer on profit-taking after a higher opening, but prices still closed firmer on balance compared with New York's levels. Trading was thin throughout with total sales for the day recorded at 82 lots while kerb volume was five lots. Prompt closed higher
      269 words
    • Article
      Silver quotes
      37 4 New York 9.SOB 9 588 9.35S 9 63S Zurich 9 40B 9.57B 9«S 9.OS Prt Itari Singapore 9.2TB 9.50B 9.32S 9 55S Closing price* in US dollars a troy ounci fc Source: Credit Suisse, S'pore.
      37 words
    • Article
      Hongkong
      73 4 THE US dollar closed barely steady yesterday on New York's levels, supported mainly by expectations oC an imminent Federal Reserve discount rate rise. Banknote rate» yesterday: (HK per 1): US 7.77/7.79 UK U.OOUJO Brunei 3.706'3.725 West Germany IMS/IMS Malaysia 3.38 3.40 Philippines 1.44/0.(7 Singapore 5.50/5JB (HK per 10): Burma
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    • Article
      Tokyo
      226 4 THE dollar closed slightly lower yesterday in thin trading as many operators wanted to square positions before the weekend because of uncertainty over US interest rate trends. "The market was dead, but operators were very nervous," Fuji bank chief dealer, Wataru Yamamoto said. Some dealers said the chance of
      226 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      260 4 THAI'S ASIAEUROPE EXPRESS ROUTES One-stop to Copenhagen, Frankfurt, Rome and Athens,then take your choke to Paris, Amsterdam and London. Now by 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 capitals
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  • OVERSEAS
    • Article
      Lock icon Hijacker says he doesn't want to live in a 'red' HK
      299 5 Reuter A HONGKONG resident who hijacked a British airplane toTaipei has described himself as a fervent anticortimunist who does not want to live in Hongkong uiyier Beijing's rule. A British Airways official in Taipei said yesterday that Liang Wei-cheung,
      Reuter  -  299 words
    • Article
      Lock icon Tin council forecasts increased production
      150 5 Reuter THE international Tin Council (ITC) has estimated that there will be a Western world tin deficit of 11,999 tonnes in the first half of 1984 before allowing tor US strategic stockpile disposals. ITC delegates In London say that this compares with an estimated deficit
      Reuter  -  150 words
    • Article
      SHIPS IN PORT
      1049 5 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL Location Hermes Ace 11A 24.3.84 2000 Or Lloyd FSB 0700-0800 N4 Or Venture 15W 25.3.84 0200 Jardlne TA 3 1200-1400 B7 Maria 33B 25.3.84 0700 Mansfield FSB 1100-1300/1800-1900 S4 Sea Glory 12 25.3.84
      1,049 words
    • Article, Illustration
      Lock icon Datuk Leong has faith in ITC
      458 5 Reuter MALAYSIA'S continuous membership of the International Tin Agreement (ITA) underscores its firm belief that the International Tin Council (ITC) is the best forum for producer-consumer cooperation in tin price stabilisation. Malaysian Minister for Primary Industries Datuk Paul Leong, in a speech to the
      Reuter  -  458 words
    • Article
      Lock icon Nakasone flies to China with its biggest loan
      237 5 Reuter JAPANESE Prime Minister Yasuhiro Nakasone left Tokyo yesterday on a fourday official visit to China, taking with him the biggest yen loan package ever made by Japan to a foreign country. A Japanese government official who returned to Tokyo from Beijing
      Reuter  -  237 words
    • Article, Illustration
      Lock icon Mitterrand on the importance of stopping arms race
      535 5 AFP FRENCH President Francols Mitterrand has told a joint session of the US Congress that the United States should not flinch from negotiating with the Soviet Union on stopping the arms race. Mr Mitterrand, who arrived on Wednesday on a week-long official
      AFP; UPI picture  -  535 words
    • WORLD IN BRIEF
      • Article
        Lock icon CHINA MAY FORM ACCORD WITH EEC
        457 5 Agencies BEIJING has made a step towards meeting the European Economic Community (EEC) position in talks on a new pact limiting China's textile exports, but it is not yet enough to secure an agreement, the EEC negotiator said on Thursday. Mr Jean-pierre Leng, head
        Agencies  -  457 words
    • Article, Illustration
      Lock icon Mondale speaks out against Hart's charges
      335 5 Primaries 14 IT j NYT WALTER Mondale has defended himself against charges that while he was vice-president, he supported the sale of F-15 fighter planes to Saudi Arabia. Although Mr Mondale lobbied for the sale of the advanced planes to the Saudis, which eventually
      NYT  -  335 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      789 5 ARRIVALS Service Local Operator Number Time From FT FT71 0040 JFKORDANC NRT/TPE SLA SQ11 0110 LAX/TYO CAL CI331 0150 TPE PAA PA5 0225 JFK/SFO/HKG MAS MH601 0820 KUL CV CV796 0900 LUX/DXB MAS MH671 0905 KUL SV SV396 0910 JED/RUH MAS MH8I1 0910 PEN SLA SQ103 0950
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  • Page 5 Advertisements
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  • Article
    Challenge for food scientists
    505 6 SOME call it "the sex and hunger trade" because of its sensual focus. They are referring to the vast garden that is the essential oils industry, an agricultural business food and cosmetic companies rely on for most of their flavours and fragrances. Basically, the essential oils
    505 words
  • Article, Illustration
    Lock icon New prosperity and new problems
    1246 6  -  By DONALD MAY UPI NAM Duck-Woo, a principal architect of South Korea's rise to the status of "newly industrialised country", says success has brought his country some new problems. Along with a dozen other so-called NICs developing countries that have, in the last two decades
    UPI  -  1,246 words
  • Article
    Lock icon Travelling light with a new breed of women
    595 6  -  By JEANNE LESEM UPI WOMEN busißess executives who worry «boot how their clothes come Mt of the nltetM have led a major US muilMtuer to re-eater the travel Iron busiaess after two year* oat of It "All products having to do with
    UPI  -  595 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      579 6 It TIMES CONFERENCES Presents CORPORATE TAX PLANNING FOR SINGAPORE MALAYSIA 1 1, 12 13 APRIL. 1981 SINGAPORE 11 APRIL 1984 CHAIRMAN Mr Lee Fm4 Boag Lee Peek Bong I Co, Singapore IKS/84 TAX PLANNING REVIEW Mr Lee Peek Hm( Principal Coosaltaat Lee Peak Hn| Ca, SigifNt THE IMPORTANCE OP COMPANY
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1082 6 TV f SINGAPORE 5 1 1.00 PM Opening and Programme Highlights folowed by Sesame Street 2.00 Flash Gordon (Chapter 12) 2.25 Saturday Matinee The Animal Within 3.50 Daffy Duck's Special 4.15 Rugby Seven A-Side: ACS "A" vs St Andrew's "A"; United World College vs Raffles Junior College. 4.55 Tumbfing Primary
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  • TIME OFF
    • Article, Illustration
      A positive approach to motorcycling
      1365 7  -  The motorcycle crowd in Singapore is usually associated with the seamy side of society but dedicated bike-rider SHAHRIR ARIFF feels that the majority of them have been maligned. Many law-abiding citizens commute by motorcycle, and for them, there is no better way to travel. SHAHRIR
      1,365 words
    • Article, Illustration
      How much would you pay for the exquisite gift?
      604 7  -  By ALVIN CHOW HOW much would you pay for a gift? Coppola and Parrodi, two Milanese designers, exquisitely ignore that question when it comes to their creations. They seem to have the right to expect customers not to stoop to haggling
      604 words
    • Article, Illustration
      Smitty the Mighty Blazer and his Zing
      255 7 DISCO music is one big entertainment machine. Forget the lyrics because they don't mean a thing. What counts is the rhythm and that is where Smitty the Mighty Blazer comes in. Brought in By Hilton Hotel, Smitty will add pep to the pulsating
      255 words
    • Article
      Brushing up on your computer knowhow
      398 7 THIS is a select list of Computer Science titles available at the National Library and its branches. It consists of titles published from 1961 onwards. Each entry includes a class number which indicates where the book is located on the shelves, and a location
      398 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      420 7 WHAT'S ON CONCERTS SSO with Leonard Pennario, the American pianist who has performed with "uncommon success". Audiences and critics alike praise his performances with the Big Five New York Philharmonic, Boston Symphony Orchestra, Philadelphia Orchestra, Chicago Symphony and the Cleveland Orchestra. Programme: Symphony No 83 in G Minor (Haydn); La
      420 words
    • Miscellaneous
      Page 7 Miscellaneous Column 2
      795 7 -IR-OME CROSSWORD CRYPTIC PUZZLE ACROSS 9 Said boldly that the wheel was imperfect? (5, 3) 10 Catch that's hard to hold (3) 11 Sorely tried, ring through to the boss (6) 12 Hunters that are, unusually, unshod (6) 13 Opted for having those moved into the house (5, 2) 14
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      1053 8 Where to wine, dine and entertain today y h*w^^^/>«e^«»gr. mie total card that incorporates the features of a credit card, charge card, cbequ The total card that incorporates the features of a credit card, charge card, cheque card, cash card and purchase card neatly into one. Call Julia at *****97
      1,053 words
    • Advertisement
      Page 8 Advertisements Column 2
      176 8 Daily Buffet Lunch at GOFFEE GARDEN Beef Curry Pork Sparenbs, Ayam Panqqanq, Roast Leq of Lamb and many more delicious d'shes m 12 noon 2:30 pm Adult: $14 Children under 12: $10++ m >r* m 'A y*. 3^-4 .1 fH For reservations, please call *****22 ext 142/917 or direct line
      176 words
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  • RAW MATERIALS
    • Article
      Rubber down 10 cents
      245 9 THE market experienced a sharp and unexpected decline of ten cents following fairly heavy liquidation, Hal May, Oiler, Batk C* said in its review of the Singapore and Malaysian rubber markets for the week ended March 22. Turnover improved as short-covering met the fall. The easiness
      245 words
    • Article
      RUBBER
      211 9 THE RUBBER market in Singapore yesterday closed lower with April One RSS buyers quoted at 226.00 cents a kilo, down 4.50 cents from Thursday's close. Stoploss selling of April One RSS and lack of buying interest caused prices to fall 4.50 cents in quiet morning trading. In Kaala Lam
      211 words
    • Article
      RAS PRICES
      353 9 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers lot. 1 R.S.S. prompt fob. 226.00 227.00N Int. 1 R.S.S. April 227.50 228.00 Int. 1 R.S.S. May 231.00 231.50 InL 2 R.S.S. 224.00 226.00N UK/Coot. 223.00 225.00N Int. 3 R.S.S 220.00 222.00N UK/Coot 219.00 221.00N Int.
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    • Article
      CLOSING PRICES
      30 9 Rubber: March 23 Singapore: April 226.00 cents (down 4.50 cents) Malaysia: April 252.00 cents (down 3.50 cents) Tin: M 929.15 per kilo (unchanged) 205 tonnes (up 14 tonnes)
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    • Article
      Straits Tin
      71 9 THE Straits tin price in Penang yesterday remained at the ITA floor level ef Ms».ls a kilo. Dealers said the buffer stsek manager again absorbed the balk ef y diposals, local Interests took a small quantity and foreign demand was absent. Sentiment was depressed by continuing easiness in
      71 words
    • Article
      Lock icon KL acts against tin smuggling
      319 9 AFP THE Malaysian government is introducing tough new legislation, including jail terms of up to 20 years, to counter large-scale tin smuggling. A Bill introduced in the Malaysian Parliament on Thursday to amend the Tin Control Act raises penalties for default from Mssoo and a
      AFP  -  319 words
    • Article
      Produce exchange
      158 9 CHINESE Preface Exchange, Singapore, asss closing prices per lMkg yesterday. CscsHt ell: Bulk fob $200.00 sellers, old drum (in second hand drum) fob $213.00 sellers, new drum fob $217.00 sellers. Cspra: Mixed (loose) $115 buyers. Pepper: Muntok white pepper fob Asta NLW $635.00 sellers, Sarawak white pepper faq
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    • Article
      TEXTILES
      139 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cotton Yin: China Blue Phoenix 20's 3,650 32's 4,110, 40's 4,220 (per bale of 400 lbs). Paklotaa Saw Cottoa: LSS 8.07 4F 8.06, 289F 8.60, NT Roller Ginned 8.13 (per lb). CLOTH in
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    • Article
      Refiners set to default on 80,000 tonnes of palm oil
      372 9 Overseas orders unlikely to be met MALAYSIAN palm oil refiners said they were set to default on the supply of some 80,000 tonnes of oil to overseas buyers early next month. A spokesman for the refiners said the default was
      372 words
    • Article
      PALM OIL
      185 9 MALAYSIAN crude palm oil prices yesterday closed lower under selling pressure, reflecting easier palm oil futures and absence of India and Pakistan in the market for their weekly tenders. March deliveries in the north region eased MSJ9O to M 551,460 a tonne, central MSJ7S to M 551,475 and
      185 words
    • Article
      SOYBEAN
      76 9 SOYBEAN FUTURES in Chicago on Thursday closed from down three cents to up 8V« US-cents. A sharp rebound after a lower opening was tied to fresh speculative buying as prices dipped below $8.00. Traders said country movement may not increase significantly until prices extend gains. Gulf and interior basis
      76 words
    • Article
      WHEAT
      70 9 WHEAT FUTURES in Chicago on Thursday ranged mostly 3V4 US-cents per bushel higher to unchanged at the close, but nearby May advanced BV< cents. Corn futures ranged from up 2V4 cents per bushel to unchanged at the close. May traded in a four-cent range. Commercial buying underpinned the market
      70 words
    • Article
      Second hedging contract
      292 9 THE Singapore International Chamber of Commerce Rubber Association (Siccra) is to propose a second hedging contract on rubber. Siccra Chairman Brian Miller said that a subcommittee looking into the possibility of introducing a TSR 20 award guarantee hedge contract has almost completed its work. A report will
      292 words
    • Article
      RICE
      319 9 SINGAPORE: Yesterday's closing prices in S$ 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, Special
      319 words
    • Article
      LONDON MARKETS
      976 9 COFVEE: Robusta futures ended a quiet morning session yesterday with pared gains of £12 to £3 after earlier reaching new contract highs on the July, Sep and Nov positions. July rose to £1,944 before finishing at £1,941, £4 higher. Opening gains of around £5 matched New York based
      976 words
  • INTERNATIONAL STOCKS
    • Article
      Paris
      168 9 MAR 22 Frs GROUP B CORBEILLE 3 Carre four Flnanclere de L Union 1506 92 1 unch unch 11 4 1.4 Aqultaine Nat Dei Petrole 220 SO -23 Moet-Hennessy Opfl-Parlbas 1401 ***** B S N Gervals Danone 2420 unch Penarroya Radiotechnlque 56 275 -2 -33 C S F (ThomsonC*f)
      168 words
    • Article
      Brussels
      84 9 MAR 22 Frs FORWARD MARKET Acec 716 -2 Arbed 1550 30 Aatur 834 +4 Or Bru Lamb 2500 Hobok 5020 Petro 7190 Ryl Dutch 2855 Sldro 1900 Soc Oen Belg 1750 Soflna 5090 -10 -130 -50 •15 20 -5 unch unch 30 -80 -9 Can pac Cock De Beers
      84 words
    • Article
      Frankfurt
      59 9 MAR 22 A«t-Tel«funken Dm 97 50 unch Hoesch Horten Karatadt 118.00 4-1 196.00B 284.00 4-! Bayer BMW i U ♦2.4 R.MU 248 00 4-J 6880 0.1 Unde 382.00 10.30 -0.5 Mannesmann 143 JOB mm i i s U.W 1 Philips Komm 325 50 3250 +0J Preuasag 211 JO +i
      59 words
    • Article
      Amsterdam
      146 9 MAR 22 ARM Ahold Fls 393 00 ISA 00 -3 -63 Intn Muller Kbb KLM 30 20 37.40 191 70 -i unch 5.2 -03 unch unch 13 -3 -2 -02 -03 Aim AMEV Am fas Amrobnk 98 80 154.00 7250 -0.7 -0.1 •1 Naarden National Ned Nedlloyd 41 10
      146 words
    • Article
      Toronto
      140 9 MAR 22 Abltlbi c» Imp oil Inco 38'. HN •H Alcan Algoma 43 25 -H ->* Int Uts Bank Mont Bank Nova Scotia 25'. II 7 Kerr Add Loblaw B !«'> 14'j -H unch Massey Ferf 4*7 Mc Blodel 30». unch 18'> ITi Moore Cp 48 If 1 24
      140 words
    • Article
      Johannesburg
      203 9 MAR 22 Rand INDUSTRIALS Un Steel Unlsec Wool worth 142 570 1875 -3 unch -25 A Alpha Abercom 9S0B 240 -10 Anglos MININGS 2490 Amaprop 430 5 Anglvaal Blyyoors Buffets irro 8200 45 -150 3325 75 C O Smith 2000 unch Charter Cons Gold Cons Murch De Beers Dries
      203 words
    • Article
      Stockholm
      64 9 MAR B Kronor 8. E. Banken 363 +3 Alfa Laval B Free A sea B Prw Astra B Ptm Atlas Copco M m 966 125 unch unch unch •1 Sandvlk B Pr* 360 unch Skandla m +3 8kf B Prat 1M +3 Volvo B rraa m Ericsson B Ftee
      64 words
    • Article
      Milan
      101 9 MAR B Butofl Bel Central* Ord Good Acqua Roma Erldanla rial Ord Lira 147 ***** 17* mo° -4 ■no uneh -M Mediobanca M llano Am Ord Mondadod Ord Mondadort Pm MonUdlaon Olivetti Ord Pirelli And C Pirelli apa Ra* Rlnaacente Ord MM JOTS m 75 4«36 -7M -M 30
      101 words
    • Article
      Prices sharply lower
      1043 9 NEW YORK INTEREST rate worries, topped off by an anticipated large increase in the nation's money supply, caused buyers to abandon the stock market, which closed sharply lower on Thursday in moderately heavy trading. The Dow Jones Industrial Average, which declined two out of the previous three
      1,043 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2528 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 after
    2,528 words
  • Article
    SHARE INFORMATION SERVICE
    3628 10 Gr*s Or** 1 Net IMU/S4 Lul DW Dhr T*M 1 P/E Vei Day Hl(k Lew Coapwr Sale +W- CVr cooo) i 9t«k U« SECTION ONE INDUSTRIAL COMMERCIAL 172 74* A M D B 50* 125 -1 1.8 a7 27 125 126 310 226 Acma 267 7.5 24
    3,628 words
  • Article
    Unit trusts
    183 10 MMU prioM for Mar MAM SINGAPORE UNIT TRUST The Commerce 3.40 3 d The Savings Fund LN 210xd S pore Pro* Fund 1.41 1.55 S'pov Sec Fund 2J4 2.38 S parc Invest Fund 1.19 1* S pare Equity Fund 1.45 1-54 AAA UNIT TVUHT Mai Invent Fund 2J4
    183 words
  • Article
    In Kuala Lumpur
    2026 10 BID and offer prices officially listed and business in and reported to tbe Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. INDUmULg (-> (SO) MO AkM (2.508 2 60S) (3) 2.59 tsak (IKB
    2,026 words
  • Article
    Market closes broadly lower
    870 10 AN ATTEMPT to stage a rally la the final mlantes ef tradlag yesterday only managed to lift share prices eff their day's tows. The market still Daished braadly tower with toeers eatpadag gainers by 123 to 85. At the final hell, the widely-followed Straits Times industrial
    870 words
  • Article
    KL remains depressed
    506 10 SENTIMENT remained depressed on the Kuala Lumpur stock market yesterday as investors took the opportunity to liquidate in the absence of leads. The low-keyed interest was compounded by a poor overnight close on Wall Street where the Dow Jones Industrial Average fell more than 16 points as
    506 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Arabs eye Porsche stake
      568 11 FT A GROUP of Arab and European investors is seeking to gain a minority stake in Porsche, the West German sports car maker, in spite of opposition from some members of the family which owns the company. Banks representing the investors are understood to have signed
      FT  -  568 words
    • Article
      Lock icon Ford sales outside N America exceed 2m
      375 11 Reuter FORD Meter Co sold 2,825,8* ears and tracks outside North America la 1183, Its beat shewing since im aad the second best ever. Combined Ford ear sales la Europe, Latin America, South Africa aad the AstaPadfie regie» rose five per cent from
      Reuter  -  375 words
    • Article
      Lock icon Walt Disney makes raid costly
      476 11 NYT APPARENTLY in a move to defend itself against a takeover threat, Walt Disney Productions said it is seeking to more than triple its US$4OO million line of credit.* In a separate statement, Roy E Disney, nephew of Walt Disney and the company's largest shareholder,
      NYT  -  476 words
    • Article
      COMPANY MEETINGS
      214 11 HOTEL Malaysia Limited: Twenty-first AGM to be held in the Tudor Ballroom of Goodwood Park Hotel, Scotts Road, on Wednesday, March 28, at 11.30 am. GOODWOOD Park Hetel Limited: Thirty-sixth AGM to be held in the Tudor Ballroom of Goodwood Park Hotel, Scotts Road, on Wednesday, March 28,
      214 words
    • Article, Illustration
      Singapore market in 'black hole' dilemma
      878 11  -  Market Talk... k. A By RAMESH CHANDIRAMANI THE uncertainty surrounding the present market conditions has prompted technical analyst, James Cowan Associates (JCA), to describe it as being in a "black hole" dilemma. JCA defines this market dilemma as "that period in the market cycle
      878 words
    • Article
      Lock icon Two potential bid targets
      116 11 Reuter AMERADA Hess Corp and Unocal Corp are the most likely takeover targets in the current consolidating trend in the oil industry. Sanford C Bernstein 4 Co Inc said in a recent study both companies "fill the bill" in having large domestic crude reserves. It said
      Reuter  -  116 words
  • ASIAN STOCKS
    • Article
      Sydney finishes quiet
      378 11 INTERNATIONAL demand for resource issues, due to the easier Australian dollar against its US counterpart, constituted the only support for a market devoid of major sales yesterday, brokers said. At 1500, the All-Ordinaries Index was up 0.5 point at 73Q.2 due to the 2.5 point rise in
      378 words
    • Article
      Manila
      108 11 SHARE prices yesterday closed lower in continued dull trading reflecting the Philippine economic situation and lower metal prices abroad, analysts said. MAR 23 Pm Acoj* Mlnln« Anglo Phil Anas lllnlnc B AUh Oon! ***** 41 JO OlOOI unch unch unch unch -J ♦Ml unch -OJXBB +M nmitit Ooid Bute
      108 words
    • Article
      Prices mostly steady
      363 11 HONGKONG STOCK prices closed mostly steady yesterday after early falls due largely to speculation that a local rate increase was imminent, brokers said. The Hang Seng Index ended up 5.58 points at 1,161.65, against a 6.28 drop at mid-morning. Cheung Kong rose 10 cents to HKflo.3o, HK
      363 words
    • Article
      Tokyo at record closing high
      434 11 SHARE prices ended at a record closing high in active trading yesterday, helped by sustained buying of commodity-related issues, dealers said. The market average rose 50.48 points to end at 10,506.29, after touching an all-time high of 10,521.93. Volume was 630 million shares against 400
      434 words
    • Article
      Taipei
      235 11 MAR 23 NT t Chem Indue Lien Hera Indue 24.00 11 J> -0.4 03 All Sincere Indus 1100 0.15 Nan Ya Plai 33.70 +oa Asia Cement 33 40 -0.4 Pacific Cone 28 JO -0.6 Cathay Com 32.10 -0.1 Pacific Elect njg unch Wire Chang Hwa Bank Chen Looni Chta
      235 words
    • Article
      Bangkok
      136 11 SHARE prices yesterday closed generally steady in slow trading after recent profit-taking. MAR a BahU Aokham Thai !■<« Fibre Aruthaya In*. Anil TruM 131 •1 Bangkok Bank Bank or Arudhan 236 unch I" 143 1 Bau Shoe Barll Jucker Charoont Thai 216 +4 Firestone Ptm Tract 40 -2 Ooodjrear
      136 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      150 11 1,300,000 Copy Bestseller now in Paperback at ail leading Book-sbops m V -r Ss24 65 only ii Vt '111 fit "L n ?l in Published by Harper Row No one concerned with business and industry today can afford not to read about what makes these American companies successful. REVIEWS "One
      150 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      170 12 Rites Indices BakU Katil 1000 960 Mar 22 Mar 23 Ttiib( C««« K TP** 2790 +200 1200 100 BT Composite: 996.47 928.35 M««Uktk 1900 900 MS +60 BT Indicator: *****03 *****67 N»w 8*mi*k U M now HTP SW11 +H 19 ST Industrials: 1010.18 1004.23 296 19 ST Finance: 2877.40
      170 words
    • Article, Illustration
      KUALA LUMPUR
      156 12 Rises Indices T&iping Con Toshiba 3000 1430 150 +40 Mar 22 Mar 23 Kurhai 1820 +40 MBT Indicator: *****97 *****81 Falls NST Industrials: 1467.91 1454.12 -100 NST Finance: 2729.93 2716.75 Talam 1450 NST Hotels: 659.52 659.52 Castlefleld KTPau 3000 1360 -100 -70 NST Properties: 945.46 NST Tins: 536.18
      156 words
    • Article
      Selected indices
      50 12 H.K.HANG SENG Friday 1161.89 Thursday 1156.07 Week Ago 1130.80 Week Ago 734.4 FINANCIAL TIMES INDUSTRIALS Thursday 890.0 AUSTRALIAN INDUSTRIALS Friday 868.1 Thursday 960.2 Week Ago 968.0 Wednesday 901.4 Week Ago 878.6 DOW JONE8 AVERAGE INDUSTRIALS Thursday 1155.88 ALL ORDINARIE8 Friday 7303. Thursday 730.0 Wednesday 1170.66 Week Ago 1167.40
      50 words
  • Article
    Lock icon Changes in Rothmans shareholdings
    477 12 Reuter PHILIP Morris Inc and Rembrandt Group Ltd have restructured their interests in Rothmans International PLC in a way which makes the possibility of Morris taking over Rothmans even more remote, financial analysts say. Morris and Rembrandt announced .agreement on the restructuring yesterday and said that
    Reuter  -  477 words
  • Article
    LONDON STOCKS
    832 12 THE market opened lower yesterday at the end of the account which included the UK budget, on profit-taking and in response to the overnight weakness on Wall Street, dealers said. Declines among leaders ranged to 7p as in BICC at 253. GKN at 210, Beecham at 318 and
    832 words
  • Article
    Raleigh enters as third party in Taiping Con
    529 12  -  ■HSU Companies Editor: ALAN LEE By ALAN LEE INFLUENTIAL Malaysian businessman and politician Daim Zainuddin has sewn up yet another major corporate deal (or one of the many listed companies linked to him. Through Raleigh Cycles (Malaysia) BM in which he has
    529 words
  • Article
    Petaling slows down
    380 12 PETALING Garden Bhd, one of the biggest property groups around Kuala Lumpur, has failed to sustain its record 1982 earnings of M 530.72 million in the year just ended. For 1983, group pre-tax profits fell nearly 18 per cent to $25.26 million while group turnover slid from
    380 words
  • Article
    RESULTS DUE
    343 12 Date U wt Fall Ye mr Cempeay P,,l, J F6tlM —■Tfd Net EPS Orm Net last year <«**) Dir. mm <%> ivm> Fiber Merlin i 8/2 4.1 5.3(a) 7,986 Fed Cables F 16/2 18.3(a) 4.6(a) 5,886* gllHngHall Tin F 24/2 28.7(a) 35.7(a) 8,026 H Negara F 25/2 17.9
    343 words
  • LATEST RESULTS
    • Article
      HONG LEONG Credit Bhd:
      31 12 Group pre-tax profits rose to MJ13.32 million in the six months to Dec 31, 1983 from $8.7 million previously. Revenue income stood at $60.53 million ($38.8 million).
      31 words
    • Article
      KESANG Holdings Bhd:
      33 12 Group pre-tax profits rose to M$1.09 million (or the six months ended Dec 31, 1983 from $1.02 million previously on a near-dou-bling of turnover from $5.16 million to $10.31 million.
      33 words
    • Article
      ALUMINIUM Company of Malaysia Bhd:
      46 12 Group pre- tax loss of M$910,000 in 1983 compared with a gross profit of $5.53 million in 1982. Sales revenue rose to $85.62 million from $80.34 million. A final dividend of 1.5 per cent tax-exempt to be paid on June 21.
      46 words
    • Article
      KULIM Malaysia Bhd
      37 12 Group pre-tax profits increased to M$16.39 million in 1983 from $7.89 million. Group turnover amounted to $83.87 million ($74.41 million). A final dividend of 10 per cent gross to be paid on May 17.
      37 words
  • Article
    COMPANY BRIEFS
    38 12 MALAYSIA'S second largest bank, Malayan Banklag, will open a branch in New York in June this year, its executive director Ra)a Badrol Ahmad said. The bank currently has branches in Singapore, Hongkong, London, Hamburg and Brunei.
    38 words
  • Article, Illustration
    Lock icon Drifting down
    256 12 CHMEfprnnt By Hock Look Siew HAVING got wind sf the flve-for-twe boons lane and the stock split that Tu ChMg Meter HeMlag Bhd had bees plaoalig to uieuee, the price ef the share had spiralled apwards (along the dotted Uaes) tUI It reached a peak of $11.» on
    By Hock Look Siew  -  256 words
  • Article
    GCB fails to name buyer
    258 12 GENERAL Corporation Bhd, in spelling out reasons for the sale of its five million Cycle 6 Carriage Bin tang shares, has still left many in the dark as to the identity of the buyer. GCB said yesterday that the net proceeds of some MJ24.73 million
    258 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      102 12 ARD Smart office antamation starts with the Right Leasing Plan Office automation can do wonders to enhance your productivity. Choosing the right financial package is equally important. At FOCL, we will detail various financing alternatives without obligation. We will recommend a package suited exactly to your individual needs. Other services
      102 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      60 12 OUTLOOK for today: Fair overnight; showers in a few areas in the early afterReport for 24 hours prior to 7.39 pm on March 23 at the airport: Maximum temperature 32.3 Associated humidity 66 Minimum temperature 23.1 Associated humidity 93 Hours of sunshine 6.05 Rainfall in millimetres 5.0 Total rainfall for
      60 words