The Business Times, 16 June 1984
1984-06-16
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The Business Times
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Title Section12 1984-06-16 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, JUNE 1«, 1984 60 CENTS12 words
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272 1984-06-16 1 AMY BALAN - By AMY BALAN INCREASED administration charges have caused the Public Utilities Heard te revise its fees on various services provided. The revision, which covers fees for reconnection of electricity sapply, tests on electricity and water meters aad licencing fees, generally reflects a shift towards272 words
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136 1984-06-16 1 CYCLE CARRIAGE (tented ta support M edM&a yesterday te mark Its 85th anniversary. Chairman Che* Been Peag preseated a cheque tor te Mr EW Barker te complete a $1.5lailHoa gift te sapgort the pregraaime for a visiting wmĔmm ship la bastaeaa admiaistratien at the Natteaal136 words
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396 1984-06-16 1 WANG LOOK KEAH - Follow-up visit on packaging technology next month By WANG LOOK KEAH THE joint venture between Intraco and Metal Box of the UK to sell packaging technology to China has moved closer to its objective. After initial approaches and preliminary studies, Intraco Metal Box396 words
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Article, Illustration126 1984-06-16 1 AP CARRYING a computer to fight in a war? Well, this is what the soldier will be like in the year 2000, if Scicon, a company specialising in defence projects, has its way. The mind-stretching piece of war technology will go on show at the BritishAP - 126 words
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155 1984-06-16 1 SINGAPORE has been chosen as the host for the first exhibition by the International Telecommunication Union (ITU) to be held away from its Geneva headquarters. Singapore's importance as an international trade and communications centre led to its being chosen as host next year. Topics155 words
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Article101 1984-06-16 1 UPI NEPAL and Singapore signed their first air agreement yesterday permitting their national carriers to operate between the two countries, an official announcement said. The agreement was reached after six days of negotiations led by the Secretary of the Ministry of Tourism, Birendra Khunjeli,UPI - 101 words
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205 1984-06-16 1 Reuter A SENIOR Malaysian minister announced her resignation yesterday, fuelling speculation that Prime Minister Datuk Seri Dr Mahathir Mohamad will soon have to reshuffle his Cabinet. Da tin Paduka Aishah Ghani, 60, Minister of Welfare Services, told a press conference that her resignation would takeReuter - 205 words
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Article, Illustration73 1984-06-16 1 SHARE prices closed lower across the board 1b quiet tradlag at the Singapore stock market yesterday. Brokers said there was no Incentive for the market, which Is technically In an oversold position, to surge ahead. At the end of the day, the all sector BT Composite Index had73 words
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387 1984-06-16 1 Reuter A LEADING Iranian politicianclergyman said yesterday Iran is prepared to extend an agreement with Iraq on not bombing civilian areas to cover attacks on shipping in the Gulf. Ali Akbar Hashemi Rafsanjani, a member of the Inner War Cabinet, said inReuter - 387 words
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146 1984-06-16 1 Reuter AN IRANIAN aircraft diverted on a domestic flight yesterday with 44 passengers on board landed at Luxor Airport in Upper Egypt, Cairo Defence Ministry officials said. The aircraft, a Fokker Friendship F-27, which flew on from Bahrain after landing there early yesterdayReuter - 146 words
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278 1984-06-16 1 Bernama CHAIRMAN of the Malaysian Commodities Trading Council Tun Haji Ismail Mohamad Ali has succeeded in getting an interim injunction restraining Kentucky Fried Chicken chief Mr Loo Cheng Ghee from further publishing alleged libel against him. In allowing the application, Justice SitiBernama - 278 words
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116 1984-06-16 1 JURONG Town Corporation expects to receive more than it spends for the year ending March 31, 1985. Income is projected to exceed spending by $245.41 million in its 1964/85 budget. About 82 per cent of the income will be derived from land leases,116 words
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84 1984-06-16 1 and to spend $251.8 m on development JURONG Town Corporation will spend a total of $251.80 million on development and another $180.74 million on land acquisition and resettlement for the year ended March 31,1965. According to its development and land acquisition budget 1984/85, $81.60 million will go to land development,84 words
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Page 1 Advertisements
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Advertisement141 1984-06-16 1 IMAC-ASIA '84 S. E. Asia's 4th International Exhibition of Materials Handling Physical Distribution Equipment 25 29 June WTC An Interfama organised show Tel: *****12 MacGregor SYNCHROLITE The revolutionary lightweight dubs The Synchrolite System is lighter, generating GREATER CLUBHEAD SPEED. When you generate greater \clubhead speed, you hit the ball FARTHER.141 words
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Advertisement276 1984-06-16 1 wm SINGAPORE is the second biggest importer of Shiitake mushrooms from Japan, after Hongkong. About $35 million in dried Shiitake (out of $39.5 million total) came Japan last year. Page 2 SOUTH KOREA has announced plans to open more of its industry to foreign investment from next month, in line276 words
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Advertisement12 1984-06-16 1 Full report, Pag* 8 International stocks, Paga 9 Asian stocks, Paga 1012 words
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Advertisement247 1984-06-16 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 i Vw/ Adozen good reasons for using it. We make payments and collections easy. You'll have less cash to handle and fewer cheques to write. We offer247 words
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HOME NEWS
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Article, Illustration397 1984-06-16 2 BOEY KIT YIN - By BOEY KIT YIN SINGAPORE is the second biggest importer of Shiitake mushrooms from Japan, after Hongkong. About $35 million worth of dried Shiitake, out of a total of $39.5 million imported, was bought from Japan the world's largest producer and exporter last year. This397 words
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478 1984-06-16 2 LEE HAN SHIH - By LEE HAN SHIH OWNERS of HUDC phase I and II flats will have to pay a combined total of $310,000 more in annual maintenance and service charges to meet rising costs. The increase, the second since the appearance of HUDC flats, will478 words
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Article, Illustration168 1984-06-16 2 LEONG BWEE SANG, former assistant vice-president and financial consultant] at Bank of America's Singapore-domi-ciled Asia Division Liability Management (DLM) office, has been promoted to vicepresident and chief financial consultant. Mr Leong acts as the unit's deputy manager in direct control of ADLM's consultancy/ service group, which covers168 words
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190 1984-06-16 2 PROFESSOR Kenzo Tange, the architect, has been admitted as the first Asian associate member of the French Academy of Fine Arts. His name will be added to a list of famous people such as Pascal the philosopher and Anatole France, the author and190 words
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391 1984-06-16 2 JOANNE YAP - By JOANNE YAP THE Ngee Ann Polytechnic would like to see the banking sector employ more of its business studies graduates. Its principal, Chen Hung, told BT that there were only about 30 graduates currently working in banks. This compares with391 words
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332 1984-06-16 2 JEFFREY TSANG - By JEFFREY TSANG HONG LEONG Corporation Ltd, the local distributor of Yamaha motorcycles, yesterday opened a $7 million showroom and workshop in spite of expectations of a shrinking market. Mr Michael Kwan, a divisional manager at Hong Leong, told BT that the investment332 words
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Article, Illustration317 1984-06-16 2 MONICA GWEE - By MONICA GWEE TRADER VlC's of San Francisco opens its 21st restaurant today in Singapore. The restaurant group, noted for its 75 to 80 varieties of cocktail drinks and its redbricked Chinese barbeque ovens, occupies 712 sq metres of317 words
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Article372 1984-06-16 2 AUTOMATION in the manufacture of traditional foods such as noodles, sugar cane juice and "keropok" could increase the nutritional value of foods close to the hearts of Singaporeans. A panel of experts at the fourth symposium on advances in food processing claimed yesterday that372 words
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202 1984-06-16 2 THE SINGAPORE Cultural Foundation will be presenting three performances by the Artists of the New York Metropolitan Opera from July 11 to 13 at the World Trade Centre Auditorium. A cast of artistes, specially selected from the Met's Centennial Roster, will202 words
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172 1984-06-16 2 THE second phase of the archaeological excavations at Fort Canning started on June 11 and is expected to last two weeks. A team of 10 from the National Museum, consisting of an assistant curator, museum assistants, the photographer, researchers and artists, is172 words
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Page 2 Advertisements
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Advertisement115 1984-06-16 2 SMILE MPT" If you have business in Brunei and Hong Kong, only Royal Brunei can offer two flights a day, three on Friday and Sunday, to Brunei. Then when you've finished in Brunei we can fly you direct to Hong Kong and on the way you'll enjoy the famous hospitality115 words
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OVERSEAS
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360 1984-06-16 3 Reuter SOUTH KOREA has announced plans to open more of its industry to foreign investment from the beginning of next month, in .line with the Seoul government's long-term policy of exposing the economy to increased competition. Sectors newly opened to foreign investors willReuter - 360 words
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Article, Illustration75 1984-06-16 3 THE HBTH ti a new baby is a happy aae for matter dclphln Lata. Parttealarly m as It Is the 12th delpbla bin la Britain, bat Is the ealy eae that bas sarvlved se tar. Lata, 18 years eM, seea here glvlag aa saderwator rideUPI photo - 75 words
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Article764 1984-06-16 3 ARRIVALS Operator Sarvic* numbtr Local tMIM From PAA PA5 0020 JFK/SFO/HKG CAL □331 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 MH81I 0940 PEN CAL CI806 0945764 words
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206 1984-06-16 3 NYT THE SOVIET Union, the world's largest oil producer, is to charge its allies oil prices nearer those of the Organisation of Petroleum Exporting Countries (Opec), Soviet officials said on Thursday at the close of the first summit meeting of the 10-na-tion Comeeon tradingNYT - 206 words
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Article47 1984-06-16 3 AP US DEMOCRATIC Party officials on Thursday gave Walter Mondale majority control over the 15-member panel that will draft a proposed statement of party policies and principles next week, rejecting rival plans being pushed by Senator Gary Hart and the Reverend Jesse Jackson. APAP - 47 words
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WORLD IN BRIEF
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Article69 1984-06-16 3 THE US will withdraw its delegation and withhold money from the Universal Postal Union if Israel is expelled from the organisation's congress, the Reagan administration said on Thursday. US State Department spokesman John Hughes said that the expulsion of the Israeli delegation "would immediately cause us to pull69 words
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Article36 1984-06-16 3 A CIVIL guard (paramilitary policeman) was killed in Spain on Thursday when his car was blown up. A passerby was slightly injured by the blast in San Sebastian, the capital of Guipuzeoa province.36 words
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Article63 1984-06-16 3 PHILIPPINE Airlines (PAL) may lose about 200 of its pilots to Saudia Airlines, which has offered much higher salaries to PAL pilots, flight officers, and crew members, sources said on Thursday. They said a mass resignation of PAL pilots would temporarily paralyse the airline's domestic and international operations63 words
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Article62 1984-06-16 3 PRESIDENT Reagan said be was "ready, willing and able" to meet Soviet leaders in an effort to improve superpower relations. He told a press conference that a detailed agenda for a summit was not necessary and he would be willing to meet Soviet leader Konstantin Chernenko even if62 words
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Article48 1984-06-16 3 Agencies SUKAMDANI Gitosardjono, head of the Indonesian Chamber of Commerce, said on Wednesday that Indonesia hoped to boost its exports by tapping the huge markets in the Soviet bloc countries. He also expressed disappointment at the protectionist policy of the US and otner Western nations. AgenciesAgencies - 48 words
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236 1984-06-16 3 UPI THE US and China have agreed in principle to the sale of US anti-aircraft and anti-tank weapons and some military technology to Beijing in the first deal of its type. Pentagon sources said yesterday that the agreement between US Defence Secretary CasparUPI - 236 words
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262 1984-06-16 3 UPI THE THREAT of nuclear war is preserving peace between the world's two superpowers and the "peace movement" in Europe is actually promoting war, Nato secretary-general Joseph Luns said. Mr Luns, 72, of the Netherlands, who will retire later this month after 13 years as headUPI - 262 words
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181 1984-06-16 3 UPI THE UN Trusteeship Council has urged the US to continue to provide medical services to inhabitants of the Pacific islands of Bikini and Eniwetok, sites of many American nuclear tests. The council, over the objections of the SovietUPI - 181 words
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125 1984-06-16 3 AP THE Australian government has said that it would not allow the US to base combat troops in Australia for rapid intervention in South-east Asia or Southern Africa. The statement came after press reports that a study by the Center for Strategic StudiesAP - 125 words
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390 1984-06-16 3 UPI THE Republican-controlled US senate refused to kill the MX missile late Thursday, rejecting a Democratic bid to stop the programme and instead spend some of the money on conventional miltary programmes. Amendments were expected, however, taking a middle ground between theUPI - 390 words
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Article, Illustration367 1984-06-16 4 BRITAIN'S opposition Labour Party yesterday appeared to have made significant gains in the first leg of elections for the 434-seat European Parliament. Surveys undertaken by the country's two television networks at the close of the poll indicated Labour was set to capture at leastUPI photo - 367 words
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Article74 1984-06-16 4 AFP JAPAN has informed the United Nations of its readiness to cooperate with a UN mission to supervise a limited ceasefire between Iran and Iraq, Foreign Ministry sources said. But they added it had yet to be decided whether Japan's cooperation would involve personnel or funds. IranAFP - 74 words
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192 1984-06-16 4 Reuter BRITAIN'S Treasury said it charged £226 million to its billion reserve for increased spending on certain government programmes. The bulk of net £619 million in public expenditure in spending estimates presented to the British parliament on Thursday will be met fromReuter - 192 words
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Article237 1984-06-16 4 Reuter THE BRITISH government is on course to achieve its forecast of 4Vi per cent retail price inflation by end 1964, Chancellor of the Exchequer Nigel Lawson told the British parliament. The year-on-year rise in prices in April was slightly more than five per cent. MrReuter - 237 words
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357 1984-06-16 4 Reuter PAKISTANI military government on Thursday assured investors it would not nationalise any industries while announcing the federal budget (or the fiscal year 1964-85 beginning next July. Finance Minister Ghulam Ishaq Khan, announcing an election year deficit budget of the overall size of 96.56 billionReuter - 357 words
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Article129 1984-06-16 4 Reuter INDIA will spend 1,800 billion rupees under its seventh FiveYear Plan starting next April 1 to maintain the 5 per cent annual economic growth achieved in the past four years, Planning Commission officials said. They said the plan, likely to be finalised next month, aimsReuter - 129 words
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119 1984-06-16 4 Reuter PETRONAS Carigali, the exploration arm of Malaysia's national oil company Petronas. has found a highly significant new oil field about 140 kros off the north-eastern coast of Trengganu. The oilfield, Malong, is situated in an untested geological province known as Tenggol Arch. AnReuter - 119 words
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Article206 1984-06-16 4 AP THOUSANDS of motorists swarmed petrol stations throughout Manila on Thursday as rumours of the government raising oil prices are renewed, but officials debunked the rumours as the work of saboteurs out to "destabilise the government". "There is absolutely no truth to this rumour...we must stop thisAP - 206 words
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Page 3 Advertisements
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Advertisement15 1984-06-16 3 f VW /VM Pan Am. Daily 7475P To USA. It Flies Smoother, Faster And Quieter.15 words
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Advertisement338 1984-06-16 3 You'll fly high with KomPusat's Eagles km. i arc r ..»■<*&**mm 3 9 4 =c ,4 Eagle PC Plus—total IBM* PC compatibility Eagle portable Spirit XL the IBM* XT compatible at the price of a PC. Eagle Net I Local area network that grows with your business KomPusat keeps your338 words
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RAW MATERIALS
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Article252 1984-06-16 4 SINGAPORE The market closed lower yesterday with July One RSS buyers quoted at 185.50 cents a kilo, down 5.25 cents from Thursday. Stale bull liquidation and freer offerings of forwards coupled with some speculative selling caused prices to fall by about 5.25 cents in quiet trading. Levels picked up252 words
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Article119 1984-06-16 4 Yarn (In HK$ per bote of 400 lb) China carded yarn, con«s Blue Phoenix 16's 3,500 Blue Phoenix 20's 3,550 Blue Phoenix 32's 4,000 Blue Phoenix 40's 4,500 Carded yarn, hank Blue Phoenix 21's 3,600 Combed yam, cones Blue Phoenix 32's 5,600 Blue Phoenix 40's 5,800 Open-end yarn Blue119 words
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45 1984-06-16 4 Reuter INDONESIAN rubber exports shipped directly to the US rose to about 381,000 tonnes in calendar 1983, up from 340,000 tonnes in 1982 and compared with 300,000 tonnes in 1981, figures from the Rubber Association of Indonesia show. ReuterReuter - 45 words
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Article307 1984-06-16 4 RAS prices On S cents/kilo, FOB in boles) NOON CLOSE Beyers S#N#fs Buyers Sellers Int 1 RSS prompt 182.00 183 OON 182 00 183.00N Int 1 RSS -My 185 50 186 00 185.50 186 00 Int RSS August 189 75 190.25 189.75 190.25 Int 2 RSS 182307 words
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Article110 1984-06-16 4 (in cants/1 ton pollets) J"'* (current mtn) NOON August (forword mth) NOON RAS Buyers Sellers Buyers Sellers SSR 20 SSR 50 188 50 186 50 190 50N 188 50N 190 50 188 50 192 50N 190 50N MRELB Buyers Sellers Buyers Sellers SMR CV SAAR L SMR110 words
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Article58 1984-06-16 4 THE Straits tia price ia Peaut yesterday held st M 529.28 per kilo, within the ITA lower sector of $21.15 ud $32.11. Dealers sttribsted the steadiness to eosttssed strong sapport by the halter stock manager despite a larger offering sf 7M toaaes, sp (rem 111 on Thsrsday. TIN58 words
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Article132 1984-06-16 4 CHICAGO wheat futures stood to one cents per bushel lower at the close on Thursday, with prices ending near the bottom of a 2V, -cent range. Long liquidation by commission houses weighed on values, despite active exporter buying in July. Some traders said anticipation of the coming soft wheat132 words
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Article96 1984-06-16 4 SOYBEAN futures closed 26 Vi to s'/« cents per bushel lower in Chicago on Thursday, near the bottom of a 26' A -cent range. Soybean oil futures closed down the allowable 1.00 cent per pound limit in July, August and September, with other months ranging off 0.50 cent. Soymeal96 words
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Article93 1984-06-16 4 Crude Max 5 July 825 00 MALAYSIA MS/tonne (*e<ler*' up 5 June (south) closing price* 1,430 00 Refined June (north) June (centroO 1,***** 1,430 00 MALAYSIA RBO otein USVtonn. LONDON US$/»OMW June 770.00S (•Men July 760.00 Sumatra 5% ■My Jww 14 Aug Sep 730 00S 720.00S 830 0093 words
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Article280 1984-06-16 4 Singapore (SS/kiio, M-fodown) TKo i white 100% Ut doss (kortgoroo) ne w crop 1.05 100% 2nd closs 077 100% 3rd class 075 25% new crop No stock B-10% No stock Thai broken A-super 062 Special 0 55 Thai rice 55% No stock China rice 10% 093 15% No stock280 words
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138 1984-06-16 4 THE United States International Trade Commission, the key agency in judging unfair trade complaints, has voted unanimously that foreign exports of copper to the US were seriously injuring domestic producers who should therefore be given temporary protection to combat the threat. The decision138 words
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Article141 1984-06-16 4 Chinese Produce Exchange (5tllin' noon donna pricii on Jv*e 15. SS/100 kg) Coconut oil Bufc Foe 240 00 Old drum FOB 253.00 New drum FOB 257 00 Copra Mixed (loose) 125.00 buyers Pepper Muntok white FOB NLW 642.50 Sarawak white F06 faq NLW 635.00 Sarawak special black FOB141 words
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Article842 1984-06-16 4 COFFEE Robust* coffee futures closed a quiet morning session yesterday £10 to £6 a tonne above Thursday night's level, except May which fell £7. September was traded last at £2,230, up £8 from Thursday's closing bid. Physicals were quiet. Futures turnover was low at 715 lots, including 168842 words
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Page 4 Advertisements
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Advertisement10 1984-06-16 4 A Mcond look at tha powar lom parliament, Paga 610 words
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BANKING AND FINANCE
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301 1984-06-16 5 ALVIN TAY - By ALVIN TAY ASIA Commercial Bank, one of the 13 local banks in Singapore, intends to raise its paid-up capital by 20 per cent to $75 million. This is the second consecutive yearly increase, after a similar rise from $50 million to301 words
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218 1984-06-16 5 AP UGANDA, posting a US$34 million balance of payments surplus, ended its two-tier foreign exchange system yesterday but will continue to auction hard currency publicly. The government of President Milton Obote, with support from international financial institutions, began the unusual system in August 1962AP - 218 words
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145 1984-06-16 5 THE Chartered Bank is spending about $1 million to provide better facilities for customers and employees this year. The Tanglin branch, which is being re-located within Shaw House this weekend, will for the first time offer safe deposit locker facility. This service will start in145 words
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440 1984-06-16 5 Reuter ARGENTINA'S Bank Advisory Committee met in New York yesterday amid worries about the country's failure so far to agree to an economic programme with the International Monetary Fund (IMF), banking sources said. Overshadowing the meeting were doubts as to whether theReuter - 440 words
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430 1984-06-16 5 AP EASY loans by the World Bank to China will top US$l billion for the first time in the year ending June 30, and the total is due to double again by the end of the 1900b, a high-ranking bank officialAP - 430 words
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299 1984-06-16 5 Reuter THE BRITISH government has tabled amendments to its Finance Bill to extend the proposed capital gains tax relief on corporate bonds to bonds issued before budget day, March 13, provided the bonds were acquired after that date,Reuter - 299 words
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MONEY AND EXCHANGES
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Article, Illustration641 1984-06-16 5 SINGAPORE: The local dollar closed unchanged yesterday against the US currency at Thursday's levels of 552.1050/60, but eased slightly against the Malaysian dollar to 5591.15/25 from 91.10/20. The US dollar recovered against most major currencies. It was softer initially following its fall in afterhours trading in New York on higher641 words
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Article186 1984-06-16 5 Interbank rotes at 3pm Local dollars to om unit of foroign lardaf a rooa partly elWge currency: US dolor Staring pound Australian dolor NZ dolor Canadian dolor 2.1035 2.9139 1.8666 1.3462 1.6184 2.1045 2.9174 1 8685 1 3489 1.6195 2.8196 7 3469 3.4286 3.4286 ***** -25.40 -60.34 -45.56186 words
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Article69 1984-06-16 5 THE OVERNIGHT rate rose by IV* -percentage point yesterday to close at 7V« per cent on the Singapore interbank money market. The one-month term rate slipped by Vk-point, while the twos and threes remained at Thursday's closing levels. S$ interbank rates at 3pm yesterday Offer Bid Overnight 769 words
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Article100 1984-06-16 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from June 18 to June 22: Offered: $150,000,000 Applied for: $241,000,000. Allotted: $150,000,000. Accepted hMs: $99.25 approximately 63 per cent; higher bids in full. Average rate ef dlsceent en allotment: 3.005 per cent per annum. Discount100 words
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Article231 1984-06-16 5 SINGAPORE Futures trading was at a standstill yesterday on lack of interest and prices closed little changed against New York's levels. Prompt closed little changed at USSJ74/3T7 an ounce compared with New York's $374.75/375.25 close, August at $379/382 against $379.70/380 00 and October at $386/389 compared with $387.00/387.10. LONDON231 words
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Article204 1984-06-16 5 Asian market us$ OHw Bid 7 day* 1 month 2 month* 3 month* 6 month* 9 month* 12 month* II 1/4 II 5/16 11 7/16 11 9/16 12 5/16 12 13/16 13 1/4 II 1/8 11 3/16 II 5/16 11 7/16 12 3/16 12 11/16 13 1/8 S Fr MidSt204 words
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Page 5 Advertisements
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Advertisement49 1984-06-16 5 ■a a Put on a good show £or your company. Join the New Nation Big Walk '84 as a team. Get your entry forms in The Straits Times or call <bianita at Times House, Tel. *****11 OF 7959-1984 A time to celebrate A time to stand up for Singapore49 words
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FEATURES
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Article470 1984-06-16 6 THE BIGGEST mistake in the argument for "preserving our cultures" is to take out the drawing paper and design a "cultural showcase". But die worst of the worst has got to be such pretences as the "Instant Asia" shows that dumbfound tourists and locals alike. Or470 words
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Article, Illustration801 1984-06-16 6 JONATHAN SHARP - By JONATHAN SHARP Reuter WHILE athletes at the Los Angeles Olympic Games are striving for gold medals inside the sporting arena, local businesses will be competing with equal dedication in another race outside. The race is for the dollars brought by the 600,000Reuter - 801 words
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616 1984-06-16 6 PAUL LEWIS - By PAUL LEWIS NYT THE EUROPEAN PARLIAMENT, to which Common Market citizens are electing members this week, is a largely powerless organisation without a home of its own that many Europeans seem to laugh at but more frequently ignore. Yet despite the criticismNYT - 616 words
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Article358 1984-06-16 6 STRAWS in the Wind A RUMOUR making its rounds among banks is that Chase Manhattan, Continental Illinois and Manufacturers Hanover Trust will soon be announcing a merger. Rather than solve their debt exposure problems, such a move could worsen them. But local bankers are358 words
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Page 6 Advertisements
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Advertisement83 1984-06-16 6 VJS Winner of the Premio Strega and the Premio Viareggio in Italy and the Prix Medici Award in France. The Name a. t rrv Umberto Eco 'There's humour here; there is humanity too; and terror and ecstasy both physical and metaphysical; there is intellectual delight and all the excitement of83 words
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Page 6 Miscellaneous
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Miscellaneous1144 1984-06-16 6 w sm mm HIGHLIGHTS: James Burke The Memory Lingers On 8.00 pm, Channel 12 From the stage set of The Mousetrap, Burke examines memory and questions whether it stays the some, how it influences everyday actions and whether the script for the future is already written. (30 minutes.) Centrestage Plaza1,144 words
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Miscellaneous54 1984-06-16 6 Trooping the Colour B.IS Sports Roundup 9Jt World News t.lt Twenty-Four Hours: News Summary tJI Network UK I.U Saturday Special 11.M Radio Newsreel U.li Saturday Special 12 MN World News 12.M AM Commentary 12.1S Saturday Special IJC Appx News Summary IJtt Saturday Special I.IS Baker's Half Dozen 1.46 Sports Roundup54 words
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TIME-OFF
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Article, Illustration725 1984-06-16 7 CAROL LIM - By CAROL LIM ASKED what it was that first attracted him to ceramics, Lui Boon Poh deliberates before he answers. "Since childhood you have always used bowls, china ware. As a child you are unaware of these things, but you see them everyday. You finally725 words
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667 1984-06-16 7 OF ALL the performing arts, it is often said that opera demands the most from its artists. Opera stars must possess varied skills singing, dancing, providing a drama within the framework of a story told to music and usually in a667 words
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Article1032 1984-06-16 7 KEPPEL WHARVES Berth Arrival Departure NonShin 7/8 16.6/0830 17,6/1500 Queendom Venture 4/5 16.6/0900 19.6/0700 ▼L I 4 1 ft /A/AA ftnwnf fcw CR Abidjan Overwave Rajah Brooke SA Van Der Stel SO Estero Ahoir Auby Billiton II Golden Globe Iweri Permina Supply 14 Siti Az»na Stroits Venture1,032 words
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Page 7 Miscellaneous
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Miscellaneous1366 1984-06-16 7 CONCERTS Festival of Arts: Tonight, Carmina Burana. Soloists are Dorothee Reingardt (soprano), Paul ArdenGriffith (tenor), Hidenori Komatsu (baritone). Carmina Burana, written by Carl Orff in 1936, has created a unique place for itself in contemporary music literature. It has often been referred to as "a sensual experience". Victoria Concert Hall,1,366 words
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INTERNATIONAL STOCKS
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262 1984-06-16 8 FT WALT Disney Productions' buy-back earlier this week of Mr Saul Steinberg's Reliance Group 11.1 per cent stake in the California-based entertainment group for U*****.3 million has, as expected, been challenged in a shareholder-suit filed in the Los Angeles courts. Under the termsFT - 262 words
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222 1984-06-16 8 Reuter JAGUAR, the most profitable wing of Britain's staterun motor grtwp BL PLC, is to be publicly floated later this year with safeguards against any early takeover bid. BL's announcement of the flotation on Thursday ended speculation that Jaguar, a famous name in theReuter - 222 words
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284 1984-06-16 8 UPI THE DOW JONES Industrial Average skidded 12.92 to 1,097.61 a 16-month low on Thursday as the stock market buckled from a double blow delivered by the Federal Feserve and its chairman Paul Volcker. Trendsetting IBM was a big loser in an afternoonUPI - 284 words
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Article156 1984-06-16 8 JUNE 14 a Hud Boy Mm 37* 12* 24^ Alcan 351* 2m Bank Mont 23* Bank Novo Scotia I OH 29* •It Labtow 8 14* inch BP Con Ltd 23* Mauty Ferg Mc BkxM 3* 25* unch -H Can Imp 8k Can Pnm Mg 24* Mo* on A Moor*156 words
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Article220 1984-06-16 8 JUNC 14 loud Trust 8k Un Stwl IMMC 285 120 565 inch •5 5 A A%>ha MOtA TRIALS 930S WouhnutMi 1775 25 Abercom AE And a 215 930 450 unch unch Anglo* MININGS 2435 ***** 25 25 unch 50 A/ggc 3000 1450 10 Bhryoon 1840 8200 C G Smfh220 words
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Article724 1984-06-16 8 JUMC 14 US$ ACF kn^jitntt S3* WKh AJcon Akmn AJc oa Lud 27* 32* 22* AM Own Cp 33 AM Stan 41* •1* Ah QkMn II* Am Standi he Am Broodcai* Am Can Co S3* SS* 43* uneh Am Cyananad Am B*c Pwr 46* 16* tM Am Exprtu724 words
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Article898 1984-06-16 8 Amsterdam JUNE 14 Fb AflN 318.50 -5.5 114 50 -1.5 Ahold 171 50 -0 5 8540 -09 amev 146.00 -1 Amfot 57 20 0.2 Batfe 29 50 -0.2 Bote 85 20 -2.3 241 50 +1 30 70 -0 1 35 30 -0 3 Cat* 322 00 5 CM898 words
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Page 8 Advertisements
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Advertisement433 1984-06-16 8 re id wlae, dia*; and eaMla The Summer Palace I r FINEST CANTONESE CUISINE FOR ALL OCCASIONS. THE ADVANTAGE IS INTER- CONTINENTAL THE PAVILION INTER -CONTINENTAL PAVILION s INTER* CONTINENTAL SINGAPORE 1 Cuscaden Road, Singapore 1024. 5 Tel: 733 8888 HUANG PALACE V U L" #5 "f I Hong Kong433 words
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Advertisement158 1984-06-16 8 London stock*, Pago 11 feng Cheng Lou for the best Teochew food in town. Discover mouth-watering delights prepared by Hong Kong chefs. Feel like royalty while you dine in Oriental splendour. Open daily from: 12.00 noon 3.00 pm for lunch and 7.00 pm 11.00 pm for dinner CROWTI 0/WXHOTEL 270158 words
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ASIAN STOCKS
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Article315 1984-06-16 9 HONGKONG: Prices closed lower yesterday after fairly quiet trading influenced by lower prices in Tokyo, London and New York. The Hang Seng index finished 30.78 lower at 932.37 after being down 14J5 at the midmorning fix. Some position squaring by speculators was also noted towards the close. Among trading315 words
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Article211 1984-06-16 9 JUNE IS Al Sinew* Indus NT 8.50 •01 -0.5 0.2 -0.5 Im Chang Yuan Cham Indus Lien Hwa Indus 23 30 13.75 37 40 -03 -0.1 -0.1 Pacific Cons 31 90 -0 1 Chang Hwa Bank 55 50 Pacific Elect Wire 1970 unch Chra Hun Cement 28 00 -03211 words
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Article377 1984-06-16 9 TOKYO: Share prices closed sharply lower yesterday following an overnight Wall Street slide to a 16-month low. The market average fell 91.68 to close at 10,067.05 after falling 127.20 on Thursday. Turnover was a light 260 million shares against 280 million on Thursday. The average fell briefly to a377 words
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Article80 1984-06-16 9 Won Hyundai Corp 635 -17 HyurxJo< Motor 566 ■9 KAL 450 inch Bonk S«oti 679 1 707 -5 Chohsmg Bk 665 5 Korao Oi 839 unch Convnarical 0k 706 -4 KoraoShp 416 -1 579 -6 Lucky Ltd 756 -II Doawoo Corp 391 +3 Sammng Co 640 -9 560 -2080 words
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Article374 1984-06-16 9 SYDNEY: Australia's main share market indicator closed at an 11month low as prices fell under heavy selling, reflecting weaker performances on overseas exchanges. The All-ordinaries index was 8.9 points lower at 653.1 points, its lowest mark since July 19,1963, when it was at 644.0. The All-industrials marker was off374 words
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Article165 1984-06-16 9 BANGKOK: Share prices closed generally steady in slow trading yesterday. The Book Club index dropped 0.06 to 118.25 on turnover of 26.1 million baht with 115,424 shares traded. Bangkok Bank, Thai Farmers Bank, Jalaprathan Cement and Siam Cement closed unchanged at .232, 234, 130 and 421. JUHt IS Aokham165 words
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Article130 1984-06-16 9 MANILA: Share prices closed generally easier yesterday in dull trading, in spite of improved copper prices overseas. The commercial and industrial index was down 0.27 at 132.33 while the mining marker eased 4.47 to 1,066.19. Oils remained unchanged at 0.741. PLDT fell to 47.50 from 48. Atlas Con 'B'130 words
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Article56 1984-06-16 9 AFP FANUC Ltd of Tokyo, the world's largest robot maker, plans to build an industrial robot production plant in the US next year under a Joint venture with General Motors Corp. GM-Fanuc Robotics Corporation, established in 1962, is to build the factory near Detroit, Michigan state,AFP - 56 words
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249 1984-06-16 9 TOYOTA Motor Corp is paying a stock dividend on the top of usual cash dividend for the current year ending this month. The stock dividend will be paid at a rate of five new shares for 100 old to shareholders as of June249 words
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267 1984-06-16 9 FT DAEWOO Corporation and General Motors of the US have signed a contract to produce a small Opel-de-signed car in South Korea. The signing had been postponed for 10 days until last Tuesday while lawyers for both companies worked out minor differencesFT - 267 words
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167 1984-06-16 9 MITSUBISHI Trust and Banking Corp of Japan and Merrill Lynch, Pierce, Fenner and Smith of the United States have reached basic agreement to exchange advice on the operation of assets in trust. Under the agreement, Mitsubishi will virtually entrust Merrill Lynch167 words
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Article33 1984-06-16 9 TOKIO Marine and Fire Insurance earned an unconsolidated net profit of 23 bUlk» yen in the business year ended in March, up 5.2 per cent from a year earlier.33 words
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Article94 1984-06-16 9 AFP HITACHI Ltd of Japan is conducting feasibility studies on building an ultra large-scale integrated circuits plant in the US. A company spokesman said that Hitachi, the biggest Japanese electric and electronic company, was conducting feasibility studies on constructing a plant to meet aAFP - 94 words
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Page 9 Advertisements
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Advertisement427 1984-06-16 9 m B©s am M f Wiiere to wuk, «ti«« wml «nKrt«u XjOci®sJ Bnxwfftes Luncheon ,h L W T3SS® $t2* pe^^...~ Adifferart buffet everyday to whet your appetite S wmtim GSIZMAX&, Plus the Winery, Patisserie. Home-made ices. Real Italian Espresso. Luncheon Buffet: Daily 12 noon 2.30 pm. Dinner Buffet: Daily 7427 words
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Advertisement114 1984-06-16 9 we serve poubA tbe \l^ k f. F.i ft v. k, 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 clavpot specialities, Hainanese114 words
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SHARE INFORMATION
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Article, Illustration4064 1984-06-16 10 SHARE prices closed lower across the board in quiet trading at the Singapore stock market yesterday. Brokers said there was no incentive for the market to move upwards. The day ended with the BT Composite Index finishing 4.30 points down to a 154,064 words
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Article200 1984-06-16 10 SINGAPORE Ritea Indices E«"> 1480 30 Jaaa 14 Jw IS 50« 780 +20 MS 7* U9M r w 364 +'2 SThtem 1444*46 *****72 Ea Ymm Strng 302 +10 IT Ot/OS -274 -234 6 Lnwtw 244 9 ST l <nl iita 926.99 923 60 Tntfh Corp 336 +6200 words
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Article496 1984-06-16 10 POOR overseas leads kept interest very subdued at the Kuala Lumpur stock market yesterday in another lacklustre session. Most sectors, on balance, were marginally lower. From the opening bell, prices were already several cents below overnight levels, in line with poorer conditions on overseas bourses.496 words
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Article2689 1984-06-16 10 BID knd offer prices offtclaUy listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lota of IjOOO units unless otherwise specified Ml Time Settlement Contract» are quoted after the word -BKTT".2,689 words
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COMPANY NEWS
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Article148 1984-06-16 11 FABER Merlin Malaysia Bhd has realised a hefty surplus of MJ68.97 million from a revaluation of the group's fixed assets, which has been approved by the 1 Capital Issues Committee. However, the CIC and the Foreign Investment Committee have revised the terms of Faber's proposed acquisition148 words
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Article20 1984-06-16 11 SHAREHOLDERS OF Multipurpose Bhd approved the company's one-for-three bonus issue and one-for-three rights issue at yesterday's EGM.20 words
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Article361 1984-06-16 11 CHAN MAY PENG - By CHAN MAY PENG UNITED Industrial Corporation Ltd (UIC) is makinq a bold foray into the Hongkong property market. The company, through its newly incorporated Hongkong subsidiary, has bought a 28.6 per cent stake in Hongkonglisted Tai Sang Land Development Ltd for a total cash361 words
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233 1984-06-16 11 SPP Ltd has omitted mention of legal litigation against the company in its 1983 annual report because the facts of the case were not clearly understood then. The company said this in reply to a query by the Stock Exchange of Singapore which233 words
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Latest
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46 1984-06-16 11 AMALGAMATED Properties Industries Bhd has reported a drastic fall in group pre-tax profits to M 52.22 million in 1963 compared with $12.44 million the year earlier. A net after-tax loss of $415,000 was incurred against net profits of $6.32 million previously. No dividend will be paid.46 words
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Article46 1984-06-16 11 has announced group pre-tax profits of MJ20.82 million for the halfyear to March 31, 1984 from $18.24 million previously. An interim dividend of 10 per cent less tax (8 per cent) will be paid on July 23 to shareholders registered on July 12.46 words
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Article, Illustration168 1984-06-16 11 HOCK LOCK SIEW BREAKING free of its restraining downtrend line, ST, Oriental's share price rose (along the broken lines) to a high of 16.70 in mid-February. Since then, it has been fluttering up and down trying to carve out a trading area. But this hasHOCK LOCK SIEW - 168 words
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Article94 1984-06-16 11 HONGKONG Australian Industrials Hong Seng Index Friday 906 3 Thursday 913.2 Friday 932.37 Week ago 930.2 Thursday 953.15 Week ago 964.21 NEW YORK Dow Jones TOKYO Thursday 1097.61 Wednesday 1110.53 Tokyo Dow Jones Week ago 1132.44 Friday *****.05 Thursday *****.73 Week ago *****.93 Standard and Poors Thursday 150.3094 words
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Article952 1984-06-16 11 SHARES ended mixed yesterday after a sharply lower opening, lifted by end of account technicalities and helped in late trading by Wall Street's firmer opening, dealers said. At 3pm, the FT 30 index was down three points at 813.2, and the FT-SE 100 index fell 4.2 points to952 words
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Article220 1984-06-16 11 Monogers' prices for June 16 18 MARA Bumiputra First B'putra 6 05 6.10 Second B'putro 5 39 5 44 Singapore Unit Trust Thrd B'putro Fourth B'putro 4 51 4 56* 5 10 5 15* The Commerce 3.17 3.37* Fifth B'putro Sixth B putro 361 366 The Savings Fund220 words
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Article2184 1984-06-16 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 Aiinomato (3.845) Alcorn (2 196) (I) 2 18 (I)2,184 words
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Article210 1984-06-16 11 SPP United: 14th AGM on June 16 at 10am in Registered Office, 315 Alexandra Road (0315). UNITED Plaatatlsas Ber> had: 63rd AGM on June 16 at 10.30am in Company's Registered Office, Jendarata Estate, Teluk Intan, Malaysia. GENERAL Carparattaa Berfcad: 15th AGM on June 18 at 11.30am in Hotel210 words
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Page 11 Advertisements
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Advertisement104 1984-06-16 11 /MS© Malaysian Cantainers (1974) Berhad (Incorporated in Malaysia) COMPANY ANNOUNCEMENT The directors wish to announce that the audited results of the Company and the Group for the year ended 31 st March 1984 are as follows— Financial Year Ended 31 st March 1984 Last Year Company Group Company Group Profjt/(Loss)104 words
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Advertisement413 1984-06-16 11 MALAYSIAN CONTAIN ERS (1974) BERHAD (Incorporated In Malaysia) NOTICE OF ANNUAL GENfiRAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Ani r»ual General Meeting ot the Company will be held at Bouganvill< a Suite 2.1 st Floor, Tower Block, Petaling Jaya Hilton, Jakm Barat, Petaling Jaya, Selangor on 2nd August413 words
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Article, Illustration414 1984-06-16 12 CHAN OI CHEE - By CHAN OI CHEE BIG-TIME stags and speculators who applied (or more than 100,000 shares in Jurong Engineering Ltd accounted for nearly 80 per cent of the offer's heavy subscription. JEL's public issue of 6.3 million shares at $1.75 each was subscribed by414 words
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207 1984-06-16 12 AFP THE JULY 14 sna/> election called by New Zealand's Prime Minister Sir Robert Muldoon promises to be a close contest with the two main parties running neck-and-neck in tlie public opinion polls, analyst s said yesterday. The latest poll before theAFP - 207 words
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464 1984-06-16 12 AP PRESIDENT Ronald Reagan, softening his tone towards the Kremlin, said yesterday that he is opening the door to a possible summit with Soviet leader Konstantin Chernenko, while acknowledging that he is not quite ready to extend an invitation. "The door is open," Mr ReaganAP - 464 words
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Article152 1984-06-16 12 AFP CHINESE leader Deng Xiaoping said recently that China would need help from the US and Japan to maintain HongHong's status after 1997, a Taiwan intelligence report said yesterday. Authorities in Taipei said tl lat Mr Deng, China's paramount leader, made the statemi entAFP - 152 words
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199 1984-06-16 12 AP POLITICAL leaders, trade unions, student bodies and civic groups have strongly criticised Malaysia's recent move to recruit Indonesian labourers to overcome a labour shortage in the construction and plantation industries. An agreement providing for Indonesians to work in the private sector wasAP - 199 words
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Article126 1984-06-16 12 AP PRODUCTION in US factories and mines rose just 0.4 per cent in May, the smallest gain since November. The Federal Reserve Board said yesterday that the increase was the 18th in a row, but its modest size appeared to be in line with governmentAP - 126 words
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286 1984-06-16 12 Reuter A NEW surge of exports has boosted Japan's economy with the latest figures for the gross national product (GNP) showing higher-than-expected annual growth. Figures issued yesterday by the government's Economic Planning Agency showed a 3.7 per cent GNP growth in real termsReuter - 286 words
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73 1984-06-16 12 AP THE HEAD of the US central bank warned the US Congress on Thursday that the government must make big cuts in its budget deficts or risk losing the confidence of foreign investors. Federal Reserve Chairman Paul Volcker said substantial cuts in the deficit promiseAP - 73 words
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207 1984-06-16 12 A CONTEST to select the model healthy man and woman "Mr and Miss Health" is being organised in conjunction with two coming exhibitions Lifestyle '84 and Nutri-Health and Medicare '84. The contestants are first screened beforehand to see if they qualify for the207 words
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415 1984-06-16 12 JOANNE YAP - By JOANNE YAP THE FACT that cheque books and credit cards are relatively exclusive here might stand in the way of a sucessful launch of the proposed Electronic Funds Transfer at the Point-of-Sale System (EFTPOS). Studies in the United States and Europe have415 words
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158 1984-06-16 12 POETRY is a potent medium to capture the emotions and exhilaration of Singaporeans celebrating the 25th anniversary of the Republic, said the Parliamentary Secretary (Health and Culture). Mr Wan Hussin Zoohri told the audience at the opening of the National Poetry Writing158 words
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Article66 1984-06-16 12 WALL Street stock prices were mixed in early trading yesterday as investors began bargain hunting in blue chip issues. The Dow Jones Industrial Average was up about 3Vi points to over 1101. Overall, however, losers held a slight lead over gainers. Reynolds Industries topped the early active66 words
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LATE FILE
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Article54 1984-06-16 12 Reuter FEDERAL Reserve Board chairman Paul Volcker said if Argentina fails to make its interest payment on June 30, it would not "be terribly significant". He said it is much more important that Argentina and other countries in similar trouble make adjustments over the longer term toReuter - 54 words
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Article40 1984-06-16 12 Reuter A VENTURE between Kumagai Gumi Co Ltd of Japan and Hongkong-based but China-controlled Ever Bright Industrial Co Ltd will dig seven kilometres of Beijing's underground railway and build four railway stations, a Beijing newspaper reported. ReuterReuter - 40 words
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Article47 1984-06-16 12 AFP US SECRETARY of State George Shultz will make a brief visit to Kuala Lumpur on July 9 for talks with Prime Minister Mahathir and his Deputy Datuk Musa Hitam on bilateral ties and world developments, official sources said in KL yesterday. AFPAFP - 47 words
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Article36 1984-06-16 12 Reuter THE executive of the West German Metalworkers union accepted an employers' proposal to send the fiveweek old dispute in the metal industry to arbitration, Ig Metall chief Hans Mayr said. ReuterReuter - 36 words
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59 1984-06-16 12 UPI CANADA'S ruling Liberal Party, which got down to the serious work of choosing a successor to Prime Minister Trudeau yesterday, opened a convention with an emotional call from Mr Trudeau to "dream some more". The latest surveys placed Toronto corporate lawyer John TurnerUPI - 59 words
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Page 12 Advertisements
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Advertisement140 1984-06-16 12 THESTEREO Stereo sound. Choice of language at the touch of a button. There is even provision for the superimposition of sign language, a thoughtful facility for the less fortunate. Backed by these and other state-of-art technology TV 3 ushers in the era of commercial television, clutching more than a bagful140 words
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Page 12 Miscellaneous
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Miscellaneous59 1984-06-16 12 Outlook for todoy: Foir; showers in o few areas in the lote morning and early afternoon. Report tor 24 hours prior to 7 30pm on June 15 ot the airport: Maximum temperature 31.4 Associated humidity 67 Minimum temperature 24.6 Associated humidity 88 Hours of sunshine 7.75 Rainfall in millimetres Trace59 words
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