The Business Times, 2 June 1984

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSIN ESS TIMES M.C. (P) No. 66/1/84 SATURDAY, JUNE 2,1184 60 CENTS
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  • 496 1  -  Higher manufacturing borrowing reflects pick-up in industry By ALVIN TAY LOANS TO the general commerce sector in March this year recorded their biggest monthly decline since May 1981. Manufacturers, on the other hand, borrowed more from banks and finance companies during the
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  • 193 1 IF YOU have always wondered what it would feel like to be surrounded by durians, go to Cold Storage Katong. Thai durians, 10 tonnes of them, will be on sale on the rooftop of the building today and tomorrow at
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  • 174 1 SINGAPORE Festival of Arts tickets are still available for the following: Lanuova Compagnia Di Canto Poplare, June 11 and 12, tickets at $10, (15 and $20. SSO Carmina Burana, June 15 and 16, $5, $10, $15 and $20. Nash Ensemble of London, June 17, $15
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  • 108 1 TRADERS exporting palm oil in bulk to Pakistan, India, Bangladesh, Sri Lanka and West Asia must first get export permits for their consignments. The permits, available at the Trade Development Board's imports and exports office, will be issued on these conditions:
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  • 627 1  -  By CHAN OI CHEE JURONG Engineering Ltd is all set to become the first company to get a listing on the Stock Exchange of Singapore this year. The engineering and construction company confirmed its public issue, and is offering seven million
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  • Article, Illustration
    82 1 SHAKE prlees the Eore atMk market closed rsadly liter yesterday. Trading was Ml aad featoreleas aad stocks drifted wttheat dlreettei. The market begu ea a lightiy steady nete la line with the small advance pasted m Wall Street, hat seea came ■ader iacreased selling pressure when Aaie prices
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  • 454 1 Baa, baa, big sheep have you any woolT No sir, No sir, I have already shed three bags full. THAT'S how the popular nursery rhyme Baa, Baa, Black Sheep may have to be adapted if Australian scientists succeed in producing a super sheep,
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  • 53 1 A LARGE chunk of land in Punggol 416,633 sq metres has been acquired by the Government for public housing. The latest Government Gazette shows that at least 125 landowners will be affected by the acquisition. The single largest plot acquired is 33,717 sq metres belonging to
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  • Page 1 Advertisements
    • 107 1 :@,.,';|=$=_\}:''!}*<+:!(.|\';" BANQUE INDOSUEZ "TRADERS' MONITOR AT A GLANCE YOU'LL KNOW WHERE YOUR COMPANY STANDS. EVERY MONTH. In business, time is indeed money In a fraction of the time you would normally take to identify your company's financial position, the Trader's Monitor keeps you totally informed of all bill transactions, provide
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    • 256 1 [ICMDS SHARE INFORMATION 10 RAW MATERIALS S MONEY 4 EXCHANGES 4 SHELL has introduced a new set of emergency procedures to deal with fire and explosions at Pulou Bukom. The procedures were adopted following an extensive review of existing practices. Page 2 IRAQ soys its air force successfully raided two
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    • 221 1 Asian stocks, Psgs 9 We make payments and collections easy. You'll have less cash to handle and fewer cheques to write. We offer total security. You can keep all salary and wage details confidential. You receive accurate records of all payments and collections. You will reduce operating costs including savings
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    • 23 1 CONPEX-ASIA '84 S. E. Asia's 4th International Building. Construction Equipment Public Works Exhibition 25 29 June WTC An Interfama organised show Tel: *****12
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  • HOME NEWS
    • 396 2  -  By LOH HUI YIN SHELL has introduced a new set of emergency procedures to deal with fire and explosions on its Pulau Bukom refinery island. The procedures were adopted following an extensive review of existing practices, said Shell's in-house publication, Berita Shell. Formulation
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    • 141 2 A LARGE GERMAN trading house, Metallgesellschaft AG, wants to increase its commodity trading business in the Far East. The West German group, with sales totalling US$5 billion last year, will be holding its second annual regional conference in Singapore on Monday and Tuesday. About 40
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    • 929 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Opsrstor Gdns FCL Location Thana Bhum 121N 3.6.84 0400 S'pore Shpg FSB 0700-0800/1400-1600 K1 Keum Glory 4N/84 3.6.84 0700 Worldwide TA 3 1300-1500/1800-1900 B7 Anson *****N 3.6.84 0700 Heap Seng TA 3 0900-1000/1800-1900 L2 Harvester 31
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    • 53 2 THE Meet-the-People Session of Kampong Übi normally conducted by the Member of Parliament, Tuan Haji Wan Hussin Haji Zoohri, every Monday night, will be held on Sunday morning at 10.30 am instead during the fasting month. The first Sunday session will be tomorrow. The Monday sessions will resume
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    • 220 2 WHAT WE can see may help us to understand better. In the past, people from different countries and cultures learnt about each other through the visual arts and the written word, and they continue to do so in the age of technology. Major
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    • 87 2 SPECIAL features of trade with Japan will be the focus of a one-day course on import-export documentation procedures to be held on June 26 at the Hilton Hotel. Speaker Mr T Ide, managing director of the Japan External Trade Organisation, will also analyse potential markets
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    • 71 2 A CHINESE temple will donate 5,000 rice dumplings to welfare homes. Rev Sek Fatt Kuan of Tai Pei Yuen Temple will present the dumplings to Mr Teo Chong Tee, Parliamentary Secretary, Ministry of Environment and Ministry of Social Affairs, at Woodlands Home for the
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    • 178 2 A LARGE condominium standing on a 12-acre freehold piece of land in Nathan Road off Grange Road will be released on the market tomorrow. Regency Park, a development with shareholders, including Kuok (S), Pontiac Land, Goodland and Ho Seng, is offering prospective buyers 150 condominium
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    • 322 2  -  By LISA LEE ANOTHER commercial mission, this time representing major Spanish* construction companies, is here on a two-day visit to explore business opportunities. Eight delegates from the leading companies, specialising in civil engineering and building works, are visiting local government and private organisations in
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    • 304 2 THE SINGAPORE Tourist Promotion Board and Singapore Airlines are teaming up to publicise the Republic's "25 Years of Nation Building" celebrations in Hongkong. As part of the publicity, the two organisations will be flying two chefs from Hilton International Singapore to
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    • 504 2 WONG SOON HWA has been appointed deputy general manager at Avis Rent-a-Car. Mr Wong, 28, joined Avis direct from the University of Singapore, where he obtained a degree in Business Administration. During his employment with the company, Mr Wong has held a number of positions, including those
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    • 219 2 THE NATIONAL Productivity Board will be introducing a new course on occupational health nursing in July to help nurses cope better with industrial injuries. This was disclosed by Mr Tay Kwang Seng, chairman of the Singapore Manufacturers' Association, at the
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    • 148 2 THE Vocational and Industrial Training Board is opening registration for several courses which will begin this month and July. Courses are being offered in business studies, BEST, languages and non-examination vocational skills. Business studies comprise single-subject courses which prepare students for the
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  • OVERSEAS
    • 373 3 Reuter THE GENERAL Agreement on Tariffs and Trade (Gatt), the world trade watchdog, has produced recommendations calling for major reforms in global agricultural commerce. If adopted, the proposals could take the heat out of the trans-Atlantic farm war, trade sources said.
      Reuter  -  373 words
    • 95 3 Reuter THE US government on Thursday night snuffed out plans to ban cigarette smoking on most domestic airline flights, only hours after tentatively approving the move. The five-member Civil Aeronautics Board (CAB) had voted 3-2 to order its staff to draft a rule barring cigarette smoking
      Reuter  -  95 words
    • 759 3 ARRIVALS Operator Service Local From number time PAA PAS 0020 JFK/SFO/HKG CAL CI331 0150 TPE MAS MH681 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH601 0905 KUL sv SV386 0910 JED/RUH MAS MH671 0935 KUL MAS MH811 0940 PEN CAL CI806 0945 HLP
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    • 231 3 Agencies THE INDEX of leading indicators, America's main economic forecasting gauge, rose a modest 0.5 per cent in April, providing new evidence that the national economic recovery is slowing to a sustainable rate. Though the rise returned the index to the plus side
      Agencies  -  231 words
    • 705 3 War said to haye reached a highly fateful stage Reuter IRAQ has said its air force successfully raided two Iranian oil installations on Thursday night, while a prominent Iranian leader was quoted as saying the Gulf war had reached a highly
      Reuter  -  705 words
    • 364 3 NYT EXTREMELY heavy selling by foreigners of Japanese shares contributed to a nearly unprecedentedly large net capital outflow from Japan last month. The Ministry of Finance said on Thursday that the April balance of payments figures were again a monthly record surplus. But it
      NYT  -  364 words
    • 294 3 Reuter FAINT signs of peace emerged yesterday in Britain's bitter three-month-old coal dispute, but the leader of 180,000 miners was still adamant that a plan to close pits must go. The state-owned National Coal Board and the
      Reuter  -  294 words
    • 254 3 Reuter AUSTRALIA should continue to riHne and export uranium because it would be best able to contribute to world peace by its involvement in the nuclear fuel cycle, according to an official report released in Canberra on Thursday. The report also said that
      Reuter  -  254 words
    • 90 3 Reuter A NEW data coding system developed by Japan's Nippon Telegraph and Telephone Public Corp (NTT) will hamper computer data thieves. An NTT spokesman said yesterday that with a price tag of about 300,000 yen, the encoding device is about one-fifth the cost of the
      Reuter  -  90 words
    • 483 3 UPI NATO FOREIGN ministers have rejected possible joint intervention in the Gulf War in spite of the escalating conflict's threat to the stability of the region and Western Europe's oil supplies. US Secretary of
      UPI; UPI picture  -  483 words
    • 124 3 AP AMERICAN Senator Gary Hart must win either the New Jersey or California primary on Tuesday and finish a close second in the other to remain a viable candidate for the Democratic presidential nomination. His campaign manager, Oliver Henkel, said yesterday that
      AP  -  124 words
    • WORLD IN BRIEF
      • 61 3 A BRITISH great-grandmoth-er was told she must wait 40 years for an operation, by which time she would be 118, according to a report on waiting lists in Britain's state-run National Health Service. The report said 700,000 people were waiting for treatment. Mrs Caroline Pulcella of Staffordshire,
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      • 73 3 THE World Bank announced on Thursday that it will lend South Korea US$lOO million to help finance an educational programme designed to produce a pool of high-level scientists, engineers and managers. The Seoul government itself will spend $428 million on the project with private educational institutions providing
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      • 55 3 THE US Central Intelligence Agency director William Casey, in a federal financial disclosure report made public, reported assets that could be worth as much as US$l4 million. The report, issued on Thursday, said investments ranged from property and a health-and-sport club to air-" lines, pharmaceuticals, television
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      • 53 3 NICARAGUAN rebel leader Eden Pastora, wounded in a news conference bomb explo- sion, was arrested on Thursday in Costa Rica, where he was brought for treatment. President Alberto Monge had said his government would be obliged to arrest Pastora, who was previously exiled from Costa Rica for guerilla
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      • 71 3 EMPLOYERS in West Germany's strike-hit metalworidng industry have warned workers that they reserve the right to "escalate the conflict" unless the union showed reason in its battle for a 35-hour week. Employers' leader Wolfram Thiele, in an interview which appeared in the Bild newspaper on Thursday, urged the
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      • 64 3 THE leading trade union body in Canada has voted for a cut in the working week to 32 hours without lower pay, it was announced in Montreal. The Canadian Trades Union Congress leaders want the reduction to be negotiated during renewal of labour agreements, or alternatively
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      • 63 3 Agencies FIVE young female models were jailed for three to four months in Jakarta for posing nude for a pornographic calendar, in a case described as "detrimental" to the image of Indonesian women and the nation, Antara news agency reported on Thursday. The judges ruled that the pictures
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  • Page 3 Advertisements

  • BANKING AND FINANCE
    • 653 4 Reuter, NYT THE RETREAT of the US bond market may lead to more casualties among investors and traders, who have sustained heavy losses in recent weeks, analysts said. As the 14-week dive in government bond prices has driven yields on some securities to two-year highs,
      Reuter,; NYT  -  653 words
    • 104 4 Reuter BOLIVIA'S decision to declare a virtual moratorium on its foreign debt was "a key moment in the history of Latin America", said Sebastian Alegrett, secretary general of the Latin American Economic System. Venezuelan Finance Minister Manuel Azpurua added that Bolivia's action highlighted Latin America's
      Reuter  -  104 words
    • 320 4 IN SPITE OF the threat to oil supplies by the escalation of the Iran-Iraq war and labour strikes in West Germany, sterling fell to a record low against the US dollar and lost ground against the Deutschemark during the past month. Manufacturers
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    • 154 4 Reuter THE WORLDWIDE scramble to expand gold mine capacity needs careful monitoring since many participants do not appreciate the potential price implications of increased supply, analyst Metals and Minerals Research Services Ltd said. In a study of the gold mining industry, MMR identified
      Reuter  -  154 words
    • 34 4 Reuter BANK of Nova Scotia chairman Cedric Ritchie has proposed that Canada, Britain and the US provide financial support to establish a strong regional central bank in the Caribbean.
      Reuter  -  34 words
    • 404 4 Reuter THE Philippines's application for US$63O million standby credit from the International Monetary Fund (IMF), which has dragged on for nine months, has suffered another setback because of an undue increase in government borrowings from the Central Bank in the month before the
      Reuter  -  404 words
    • 191 4 Reuter THE US Treasury on Thursday extended until June 15 its commitment to provide US$3OO million in bridge financing to debtburdened Argentina. The US commitment was due to expire on Thursday. The extension gives Argentina, which has $43.6 billion in foreign debt, two more weeks in
      Reuter  -  191 words
  • MONEY AND EXCHANGES
    • 290 4 SINGAPORE Futures trading was at a standstill yesterday on lack of interest, with prices closing firmer in line with the metal's firmness in overseas markets. Prompt closed higher at U*****.50/390.50 an ounce against New York's $386.25/386.75 close, August at $396.50/398.50 against $393.50/393.80 and December at $413.00/413.50 against $410.00/410.70. LONDON
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    • 278 4 DEPOSIT RATES closed steady yesterday around opening levels in quiet late trading. Periods were steady to slightly lower at the outset and held unchanged thereafter with one, three and six months closing at 11-3/ 16 11-1/16, 11-13/16 11-11/16 and 12-9/16 12-7/16 per cent respectively. Business was reported
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    • 500 4 SINGAPORE: The local dollar closed stronger at 552.1010/20 against the US a currency compared with' Thursday's close of 2.1040/ 50, slightly firmer at 5190.96/91.06 against the Malaysian dollar compared with 91.00/10 and at 5526.85/90 against the Hongkong dollar compared with 26.90/96. The US dollar extended earlier losses against
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    • 231 4 Interbank rates at 3pm Local doKort to ilocdey dcooo parity ORi unit of US dolor 2.1035 2.1045 2.8196 -25.40 Sterling pound Australian dolor ***** 2 9231 ***** -60.26 1 8963 1 8986 ***** •44 69 NZ dollar 1 3641 1 3662 ***** -60 21 rnruiAiin rli-»lli-w Lonoaon oonor
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    • 168 4 THE OVERNIGHT rate eased by V* -point on the local interbank money" market yesterda/ to close at 7V« per cent. Term rates remained at Thursday's closing levels. Treasury bills RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from June 4 to June 6 and
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  • Page 4 Advertisements
    • 322 4 and Igjye yourself and your family the Britannica advantage! it's the key to success in a competitive Horid That's why you should give your child all the advantages you can. Especially the tools for success. (That's what a parent's love and responsibility are all about.) Certainly there's no better tool
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  • RAW MATERIALS
    • 216 5 SINGAPORE The market closed slightly higher yesterday with June One RSS buyers quoted at 191.00 cents a kilo, up 1.50 cents from Thursday. The morning session was marked up some two cents on a reserve of sellers, covering interest and some forward demand in quiet trading. Levels eased half
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    • 144 5 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 3,500 Blue Phoenix 20's 3,550 Blue Phoenix 32's 4,000 Blue Phoenix 40'$ 4,500 Carded yarn, hank Blue Phoenix 2l's 3,600 Combed yarn, cones Blue Phoenix 32's 5,600 Blue Phoenix 40"s 5,800 Open-end yarn Blue
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    • 280 5 Singapore (S$/kik>, e»-^odown) Thai white 100% 1st class (kangaroo) 1.05 new crop 100% 2nd doss 0.78 100% 3rd class 0.76 25% new crop No stock B-10% No stock Thai broken A-super 0.62 Special 0.55 Thai rice 55% No stock China rice 10% 093 15% No stock 25% No stock
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    • 342 5 RAS prices (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS pfompt 191 00 192 00N 190 00 191 00N Int 1 RSS June 192 00 192 50 191 00 191 50 Int 1 RSS July 197 50 198 00 196
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    • 108 5 (in M cants/1 t< xi pallets) June Julv (current mth) (forward mth) RAS NOON NOON Buyers Sellers Buyers Sellon SSR 20 192 50 194 50N 194 50 196 50N SSfi 50 190 50 I92 50N 192 50 I94 50N MRELB Buyers Sellers feyers Sellers SMRCV 248 50
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    • 80 5 CHICAGO SOYBEAN futures closed Thursday 19 cents per bushel lower in July, ranging to up two cents in May. July posted a 22 V* -cent range on the day. Taiwan's postponement of a soybean tender and a lack of tender business this week kept July under pressure. The growing
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    • 106 5 THE Straits tin price In Peiftlg yesterday remained at the ETA floor level of M52».15l kilo. Dealers noted a continuing shortage of demand despite a narrower premium of ahoot £1M a tonne It holds over the price In London following sterling's rise against the Malaysian dollar and higher
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    • 150 5 CHICAGO wheat futures weakened further on Thursday to close at or near the lows, off eight to seven cents per bushel in moderate trade. July posted a 7Vi-cent range on the day. Reports that some SRW wheat fields in the midsouth are being harvested and the outlook for the
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    • 175 5 MALAYSIAN crude palm oil prices yesterday closed slightly firmer in quiet trading on late covering after opening lower, in line with easier Chicago soy futures. interest centred on the June position with north region rising Ms2s to $1,596 a tonne and south $10 to $1,620. Central was traded
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    • 153 5 Chinese Produce Exchange (Saltan' noon douM »r M <C/ Robusto 20/25% FOB NSW Nutmeg 487 50 100 kfl) 110 FOB NSW 355 00 B W FOB NSW 256 00 Coconut oil But FOB 240 00 Gambier Old drum FOB 253 00 FOB NSW 305 00 New drum FOB
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    • 520 5 COFFEE Robusta futures closed a quiet morning session showing little reaction to the fourth and final one million bag quota release of the current 1983/84 season. Prices finished £19 to £7 easier but mostly above traded lows. Prices drifted down from the opening in anticipation of the release
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  • Page 5 Advertisements
    • 489 5 I pp HOW TO WIN CUSTOMERS Heinz M Goldmann This is not just a book about selling. It is a step-by-step training course definitive, practical and complete on the improvement of sales techniques. Universally recognized as one of the most important books ever written about selling, it should be read
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  • FEATURES
    • 414 6 THE FIRST superbaby to appear on earth was an alien, born in a distant and fictional planet called Krypton. He came to earth in the 1930s to escape the terrible fate that befell his home. His arrival introduced the word "super" into the vocabulary of
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    • 1445 6  -  Australia's most troubled industry comes under pressure to shape up or ship out By FLORENCE CHONG AUSTRALIAN Prime Minister Bob Hawke made much out of his aim to restructure his country's inefficient manufacturing industry during his tour of Asia in February this year. His government
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    • 316 6 STRAWS in the Wind A DICTATOR'S handbook has been published by the government. But not to worry. It is only part of a plan to improve productivity in the civil service. At this week's civil service productivity seminar, one speaker expounded on the usefulness of
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  • Page 6 Advertisements
    • 93 6 At Home With -r 7 V>y m. II r "3 m "5t Wi <*< P« Reader's Digest $79.00 P rice t-TQ 00 only 1 The PAN Companion French Grammar, designed for easy reference, is yours FREE with every purchase of 'At Home With French'. Yes, I would like to take
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  • Page 6 Miscellaneous
    • 841 6 mmmm CRYPTIC PUZZLE 9 Posses on to how one won eosJy (5, 4) 10 She's cut ond ol shaken (8) 12 The time' An hour ond three quarters, about (4) 13 Fix the salesman with a look (6) 14 In the donang competition, won't he play for? (7) 15 As
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  • TIME-OFF
    • 741 7  -  By MONICA GWEE THE DEADLIEST of dragons is not the fire-breathing kind, but the sort that swallows up 24 women thrice weekly in a place like San Diego. As every Chinese knows, dragons were too busy lurking in the Mi Lo River, China,
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    • 298 7 Penta thoughtful theatre without words THE PENTA Theatre studiously refrains from pointing an accusing finger at its audience. Instead, their shows are meant to be fun with a dash of irony, slightly provoking perhaps since the inspiration is taken from very human foibles; but often you end up laughing at
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    • 794 7  -  By JEFFREY TSANG ARGENT A Italian for silver is an appropriate name for Fiat's latest top-of-the-line prestige saloon. All the trimmings are there, from servo-assisted brakes and steering to electric windows and central locking. With almost all the car's functions automated,
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  • Page 7 Miscellaneous
    • 1032 7 w sm HIGHLIGHTS: James Burke: The real thing 8.03 pm, Channel 12 What is real and what is not? In this series of six unusual programmes, James Burke examines the human brain. He also illustrates some of the latest research into the workings of the brain and how our five
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    • 672 7 The SSO features Chinese pianist and composer, Yin Cheng Zong. Yin's interest in Chinese traditional music enables him to write piano compositions with a Chinese flavour. He has made arrangements of traditional instrumental music, experimented in combining Peking opera with the piano, and worked with other composers on the well-known
      672 words

  • INTERNATIONAL STOCKS
    • 517 8 NYT IN WHAT is believed to be its first major assessment under the four-year-old Windfall Profit Act, the US Internal Revenue Service has notified Shell Oil Co that it owes U*****.8 million for allegedly underpaying its 1980 taxes under the law. Details of
      NYT  -  517 words
    • 260 8 Reuter WALL STREET stock prices closed slightly higher on Thursday as some of the buying interest that was exhibited during Wednesday's extraordinary rally carried over in spite of moderating trading volume. The Dow Jones Industrial Average, which moved in a narrow range during most
      Reuter  -  260 words
    • 211 8 FT PHIBRO-S ALOMQN, the New York commodities and investment banking group, has abruptly called off talks on the'sale of its large international non-pe-troleum commodity trading division to a management buyout group. The decision, "given in a terse five-line announcement, stunned the New
      FT  -  211 words
    • 118 8 MAY 31 Abrtto c$ 25* kmp Ol 38* 13* Ale on 37* 26* 21 Vs Int Un 22* 24 Inri Nickel 11H -H 17* Bel Tel 29* lottow B 14* B BP Con Ltd 22* •H 4 32* Mc BkxW 26* 25* 16* 47* 31* Norando Coring O'Keefe 17*
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    • 762 8 MAY 31 US* ACF Induirrm Ale on Alumm Alcoo Lud AM Cham Cp AM Stores Afcs-Chalmars Am Brarxfe Inc Am Broodcast Am Can Co Am Cyonamd Am Eltc Pwr Am Exprcu Am Home Prod Am Motors Cp Am Natirol Go» Am Tal T *1 Amo» (rx Amarodo Mess
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    • 427 8 FT AGFA-GEVAERT, the Belgo-German films, photographic equipment, tapes and office systems group, is expecting a dramatic increase in profits this year, according its president. Mr Andre Leysen said there are two reasons for this. First, losses in Germany which came to Dm2oo million
      FT  -  427 words
    • 159 8 Reuter THE CURRENT indicated public offering price range for the sale of shares in Reuters Holdings PLC in the US is 196 pence to 210 pence per Bshare, London merchant bankers SG Warburg and NM Rothschild announced. A total of up to 106.8
      Reuter  -  159 words
    • 120 8 MAY 31 Lira Bottoa 125 3 25 Bci ***** -100 Central* Ord 2370 -70 Cond Aequo Roma 128 inch tndonn 8300 ur>ch F«» Ord 3881 -56 (xr<«rak ***** -645 Gan 4000 -10 »i Pnv 4760 -40 lnv»»» 3215 -17 itakmtnti Ord ***** -200 Katgot 987 -8 L«p«tn Ord w
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  • Page 8 Advertisements
    • 133 8 rmm t I Wt m to have your virgin white J asparagus (air-flown from Europe, naturally), Hollandaise or Milanaise Strawberries, with Grand Marnier? Or wrapped in a delicious crepe. Or if you prefer, with vanilla ice cream and whipped cream topped with Almonds. Or even Champagne. 4nm)3!lantttr PAVILION INTERCONTINENTAL SINGAPORE
      133 words
    • 158 8 t w ti \m uni h i TfiFnmi Spectacular Double Bill Cedric and p e bb' e Larry's MidnigWers excitement hits ROBIN S TAVERN Two popular groups entertain from 5.15 p m onwards A single group performs on Sundays and Mondays Order a glass of White Horse XT: Whisky,&eW Whisky,SeagerGin,
      158 words
    • 145 8 HUANG PALACE w X Hong Kong Tim Sum served from 11 am to 2.30 pm (We also cater for weddings, anniversaries, birthdays and fhinese dinner functions.) For Jir smut iom plrasr rail 2W)122 F.xl I*l7 or I-KM) PRESIDENT MERLIN HOTEL SINGAPORE IHI. ku< taint R<utl. Siiitg.i|MN< OK2O li l 29t0122
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    • 117 8 TOlfk&Vrand OUR CHICKEN RICE $6Served with chilli ginger and thick soya sauce together with a bowl ot bean curd soub KIAM CHYE DUCK SOUP $6Served with plain rice and shcea chi in black sauce MALACCA NONYA NASI LEMAK $s'Served with Ikan Bilis drumstick Samba' egg CONTACT: *****44 ci HOTEL grand
      117 words
    • 107 8 ]`[}.<+?`(;*|~&%~=_`&@)&{[|$&:' aM«e Igkfcifegg* Relax in a cosy atmosphere after a hard day's work with Live Entertainment by m* V V w m V| It is said deserves an r I equally exquisite setting. Because we believe in this, we have creatcd at Le Restaurant dc France, a setting that fully
      107 words

  • ASIAN STOCKS
    • 309 9 HONGKONG: Prices closed mixed in lacklustre trading yesterday. The market was featureless except for some selective selling of Jardine Matheson, the price of which fell 20 cents to HK$B.75. The Hang Seng index closed 2.20 points higher at 917.50, after a 5.12 rise at the morning close. Brokers
      309 words
    • 245 9 JUNE 01 Al Smear* Indus Ana Cement Cathay Cons Chang Hwo Bank HT 890 30 80 30 10 53 00 0 15 -0.1 +0 1 0 5 0.4 -02 0 3 Lien Hwa Indus Nan Yo Ptos Pocihc Cons Pocihc Elect W«e 11.70 34 70 30 00 18 20
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    • 367 9 TOKYO: Prices closed weaker in moderate trading as foreign selling of bank stocks dampened the market, erasing earlier gains. The 4 market average, which fell 200.83 on Thursday to finish below 10,000 for the first time in three months, slid 26.97 yesterday to close at 9,913.17. Turnover was 350
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    • 81 9 June 1 Bonk Seoul Won 660 -20 -10 +3 Hyv*idoi Corp Hyundai Motor KAL 620 555 446 710 +2 unch 1 -10 Commericol Bk 709 Korea Oi Korea Sh«p 840 410 -5 +5 Doekm Ind Doe woo Corp 614 386 548 29 +4 -2 Lucky Ltd Sarmung Co 735
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    • 460 9 SYDNEY: Australian sharemarkets closed stronger yesterday after improving throughout the day as investor confidence increased following positive signals from abroad. The All-ordinaries index was 10.3 points firmer at 665.2 points, the Allindustrials marker was 9.2 points higher at 914.7 and the All-resources index was up 10.9 at 469.5. Turnover
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    • 171 9 BANGKOK: Prices closed generally lower in weak trading yesterday. The Book Club index fell 0.21 to 117.50 on turnover of 31.8 million baht with 130,516 shares traded. Siam City Cement and Thai Farmers Bank fell two baht each to 236 and 388 respectively, Siam Cement lost four to 413
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    • 124 9 MANILA: The market closed lower in dull trading yesterday in line with lower overseas copper pricey and the general economic condition of the country. The commercial and industrial index dipped 0.14 to 134.32, the mining marker fell 0.90 to 1,086.76 while oils dropped 0.02 to 0.713. JUNC 01 Onanfal
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    • 55 9 AFP JAPAN Air Lines has reported pre-tax profit of 4.027 billion yen in fiscal 1983 last March, against operating loss of 27 billion yen the previous year. Although it posted a net loss of 6.424 billion yen due to a change in its accounting method, it eliminated
      AFP  -  55 words
    • 422 9 FT KEEN DOMESTIC competition and the effect of the rising yen on overseas sales have depressed the results of two of the world's leading car makers Nissan Motors and Mitsubishi Motors of Japan. At Nissan, parent company net profits fell 26.1 per cent to
      FT  -  422 words
    • 106 9 Reuter SANYO Electric Co Ltd plans to postpone a Euroyen convertible issue because of a recent deterioration of the issuing market and confusion over ways to levy a withholding tax. Sanyo originally planned a 20 billion yen 15-year convertible issue for signing on June 7
      Reuter  -  106 words
    • 380 9 FT JAMAN's five ma)or integnmd steelmakers lost an aggregate 25 billion yen net in the financial year to March 31 1984, down from an aggregate net profit of 120.2 billion in the previous year. The figures are preliminary and unconsolidated. Of the five, only
      FT  -  380 words
  • Page 9 Advertisements
    • 400 9 %>5 IS ja P T tr KQ -j MP S9 1$ ir.S>. mm Loci^ vquonntES_ r -"V r 7^?/ Nonyo L^ISSS-'Si Tuck »n to tne isMOfi <§fe-r4 CABU "W *a vf ft* Baron's Table Sunday Brunch., you'lljove it! Give mum a break this Sunday and bring the family in foe
      400 words
    • 114 9 IP —to GOFFEE GARDEN, we serve j?on pound the dock mr pv; Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, you 11 find our staff friendly and efficient, our food appealing and delicious. Try our famous claypot specialities.
      114 words

  • SHARE INFORMATION
    • 4156 10 i rttr Singapore stock market witnessed a broadbased fall in share prices yesterday as the bearish sentiment worsened. Trading was dull and featureless and some dealers complained that they did not have any business at all. At the close, the BT Composite Index
      4,156 words
    • 241 10 SINGAPORE RIms Indices Kaay Ehct Arm Mitwa 400 +114 U 3200 +100 IT CaapMfca IT litem ITOMK ST Maatnab ST Faaaca ST Hatah ST EiM«nm Mar 31 Am 1 ***** IS4.M U M Rh> Kaawyaa !■>!■>■ Km m"t'V 1140 +40 590 +10 «t 500 +10 330 +10
      241 words
    • 408 10 THE Kuala Lumpur stock market came under selling pressure, pushing shares broadly lower in slow trading. From the outset, prices were already marked a few cents lower as investors continued to stay away. The easier mood prevailed for most of the session and, with the
      408 words
    • 3090 10 BID and offer price* 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 SetUement Contracts are quoted after the word "SETT".
      3,090 words
  • Page 10 Advertisements

  • COMPANY NEWS
    • 665 11  -  By NAJEEB JARHOM A POSSIBLE takeover situation has emerged at Toshiba (M) Bhd following Toshiba Corp of Japan's decision to sell 9 per cent of its present 39 per cent shareholding to two Malaysian substantial shareholders. Mr Vincent Tang, the 38-year-old managing director
      665 words
    • 87 11 HONG LeNg Finance Ltd announced that its major shareholder, Hong Leong Corporation Ltd, has puchased an additional 20,000 shares in the company at an average price of $3.92 per share through one of the group's subsidiaries. With this latest acquisition, the Hong Leong Investment Holdings group holds a
      87 words
    • 205 11 UNITED Motor Works (M) Holdings Bhd, through its aggressive chief Datuk Eric Chia, is geting a piece of the action in the made-in-Malaysia car to be launched in late 1965. The company confirmed yesterday that it has reached an agreement with the Heavy Industries Corporation of
      205 words
    • 94 11 HONGKONG Australian Industrials Hang Seng Index Friday 914.7 Thursday 905.5 Friday 917.50 Week ago 928.8 Thursday 915.30 Week ago 902.79 NEW YORK Dow Jones TOKYO Thursday 1104.85 Wednesday 1102.59 Tokyo Dow Jones Week ago 1103.43 Friday 9913.17 Thursday 9940.14 Week ago *****.10 Standard and Poors Thursday 150.55 Wednesday
      94 words
    • 194 11 Manogerj' prices for Jun« 2 MARA Bumiputra Fr»t B'putro 6.17 6.22 Sccond B'putro 5.51 5.56 Third B'putro Fourth Bputra Fifth B'putro Sixth B putra 480 485 Singapore Unit Trust Th« Cornrxrct 3.13 3.32* 5.48 3.65 3.58 5.53 3.70 363 Th* Savings Fund 1.91 2.03 S*v*ntti B'putro (A) 233
      194 words
    • 2262 11 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. INDUSTRIALS A.momoto (3 86S) (1)3.84 Alcorn (2 256) (2) 2
      2,262 words
    • 275 11 WEARNE Brothers Ltd, which is in the midst of a major restructuring in Malaysia, has teamed up with Mr Yap Yong Seong, more popularly known as Duta Yap, to develop the group's property in Ipoh, Perak. In a short announcement released yesterday, Wearnes
      275 words
    • LATEST RESULTS
      • 23 11 Group pre-tax profits of M 55.09 million for the six months to March 31, 1964, against $4.36 million previously.
        23 words
      • 39 11 Group pre-tax profits of M 531.74 million in 1963. No comparative figures are available for 1982. No final dividend will be paid. Two interim dividends of nine cents and four cents had been paid earlier.
        39 words
    • 265 11 By HOCK LOCK SIEW FOLLOWING the accelerated rise in the price of FAN shares from about $4.75 in mid-March to $6.30 in midMay last year, the price has been congested within a wide trading band. This resulted in the formation of a tilted rectangular pattern, AB:CD.
      By HOCK LOCK SIEW  -  265 words
    • 1004 11 THE market ended the three-week account on an upturn in reaction to recent falls, helped by Wall Street's firm opening yesterday and hopes of a solution to the UK miners dispute, dealers said. At 3pm, the FT 30 Index rose 14.3 points to 811.2. Government bonds closed off
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  • Page 11 Advertisements
    • 234 11 NOTICE EIEBCO AUTOMATION PTE LTD NOTIC-E IS HEREBY GIVEN pursuant to Section 260 of the Companies Act, Cap. 185 that a Meeting of the Creditors of the abovenamed Company will be held at the Registered Office, 15 Scott's Road #05-06 Thong Teck Building, Singapore 0922, Immediately after the conclusion of
      234 words

  • 427 12  -  By LEE HAN SHIH CORE CONTRACTORS have been awarded $1.35 billion worth of building jobs from the Housing and Development Board in the past 26 months. But two of the 18 contractors have been removed from the core contractors' list because of their bad
    427 words
  • 110 12 THE FAR EAST region is an important market to the British Walsall Chamber of Commerce, which is sending its fourth trade mission to Singapore on Monday. Mr Norman Turner, director of the chamber, said that prospects for trade between Singapore and Britain are excellent.
    110 words
  • 155 12 HAMWORTHY Engineering is moving into the engineering and supply of waste treatment plants as part of its plans to develop business in Asia. The British company recently registered its Jurong branch office as a private limited company. Hamworthy Engineering (FE) Pte Ltd will continue
    155 words
  • 341 12 SINGAPORE'S property market may not be in such dire straits, but some developers and building owners certainly have problems finding buyers, even when they are willing to go for a loss of about $10 million. A case in point is the Crasco building,
    341 words
  • 414 12 UPI DEBT-STRAPPED Venezuela has called on industrial nations and international banks to grant Latin American countries "special conditions" to repay their huge foreign debt. Finance Minister Manuel Azpurua said yesterday that Bolivia's decision to defer temporarily the payment of its foreign debt pointed
    UPI  -  414 words
  • 147 12 AFP THE "gas era" for Peninsular Malaysia has begun with the first landing of natural gas onshore at Kertih, Trengganu, on April 14, according to the latest publication of Petronas, the national oil corporation, issued yesterday. The landing was handled by Petronas
    AFP  -  147 words
  • 320 12 Reuter THE House of Representatives yesterday passed a US$2B4 billion 1965 defence Bill that trimmed the US military buildup more than President Reagan wanted and added major restrictions to encourage arms control. Before the 296-96 final vote/ arms control advocates dealt Mr Reagan
    Reuter  -  320 words
  • 216 12 AFP AMERICAN producers of electronic components cannot keep up with orders, but there could be a glut ahead, industry forecasters have indicated. The US components sector has emerged from a three-year recession to find orders for semiconductors in the first quarter of
    AFP  -  216 words
  • 85 12 A CONTENDER for Canada's premiership, Agriculture Minister Eugene Whelan, is taking political heat for talking through his hat. His comment that Africans have low intelligence level because they work in the hot sun without hats have so irked, or pleased, his rivals that
    85 words
  • 389 12  -  By LOH HUI YIN SINGAPORE'S oil traders can sell more crude oil to Japan if the Gulf war drags on. Already, there are signs that Japan, which consumes about three million barrels of oil a day, is stocking up more Asian crudes.
    389 words
  • 71 12 WALL Street stock prices improved in early trading yesterday despite a rise in the latest money supply figures and signs suggesting that the US economy is still growing strongly. The Dow Jones Industrial Average, which has scored modest gains in the past two sessions, was up a
    71 words
  • 60 12 THREE CHINESE parliamentarians have discovered that egalitarianism means bad service, not equal treatment. The China Daily reported yesterday that when the three went shopping in Beijing, they were ignored by a snooty salesgirl who thought they were some "country bumpkins". Explained an apologetic shop
    60 words
  • LATE FILE
    • 50 12 Reuter THE (xlce of gold in London rose to a two-month high yesterday as the US dollar slid on world currency markets. The metal was fixed yesterday morning at U*****.40 an ounce, nearly $5 up from Thursday's $384.50 and the highest since late March. Reuter
      Reuter  -  50 words
    • 61 12 UPI THE US unemployment rate fell to 7.5 per cent in May, the lowest point in three years, after holding steady at 7.8 per cent from February through April. This marks the first time since the recession that the jobless rate has fallen bade to where
      UPI  -  61 words
    • 47 12 AFP INDONESIA plans to build a nuclear power plant in Central Java. Antara news agency yesterday quoted Energy Minister Subroto as saying that the nuclear project is part of a power generating programme and will be the largest plant in Java. AFP
      AFP  -  47 words
    • 33 12 Reuter THAILAND'S Ambassador to Britain, Paen Wannameti, will become Asean secretary-general on June 16. The Thai Foreign Ministry said Mr Paen will take over from Singapore's Chan Kai Yau. Reuter
      Reuter  -  33 words
    • 37 12 Reuter IRAN yesterday said that it shot down an Iraqi plane raiding the Tabriz oil refinery in the north-west erf the country on Thursday while the refinery itself suffered only minor damage. Reu-
      Reuter  -  37 words
    • 24 12 Reuter CANBERRA has approved significant increases in most textile, clothing and footwear (TCF) import tariff quotas for 1965. Reuter
      Reuter  -  24 words
  • Page 12 Advertisements
    • 315 12 This month's NEW VIPs (Very Interesting Penguins) 'Enthralling a marvellous blend of Gone With the Wind and The Thorn Birds. You will enjoy every page' Daily Mirror 'A rattling good read' The Times Roaming from the wild, windswept Scottish highlands to the far-flung outposts of the Empire, A Dark and
      315 words
  • Page 12 Miscellaneous
    • 59 12 WMsm Outlook for todoy: Foir in the morning; showers in sovorol areas in the afternoon clearing by evening. Report for 24 hours prior to 7.30pm on Jurm 1 at the airport: Maximum temperature 30.4 Associated humidity 74 Minimum temperature 23.2 Associated humidity 97 Hours of sunshine 3.35 Rainfall in millimetres
      59 words