The Business Times, 30 June 1984
1984-06-30
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The Business Times
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Title Section12 1984-06-30 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, JUNE 3i, 1884 60 CENTS12 words
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355 1984-06-30 1 Reuter NEW ZEALAND will raise the largest loan in Japan's history next month, borrowing 100 billion yen from a group of major Japanese banks a few days ahead of a general election, the banks said yesterday. The move willReuter - 355 words
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YESTERDAY IN PARLIAMENT
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407 1984-06-30 1 CHUANG PECK MING - By CHUANG PECK MING SmGAPORE WILL have a guaranteed parliamentary opposition under the terms of a Bill introduced yesterday. Prime Minister Lee Kuan Yew introduced the Constitution of the Republic of Singapore (Amendment) Bill to allow up to six opposition members to be407 words
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Article346 1984-06-30 1 FOO CHOY PENG - By F< FOO CHOY PENG THE RECOMMENDATION to raise the CPF withdrawal age came under attack by Dr Toh Chin Chye (Rochore) and Mr Lim Boon Heng (Kebun Barn). To raise the withdrawal age is to breach a fundamental principle, says Dr Toh. "Savings346 words
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197 1984-06-30 1 A SECTION of the Companies (Amendment) Bill 1964 came under a spirited attack by Dr Toh Chin Chye (Rochor) during its Third Reading yesterday. Under fire was section 125 (A) of Clause 30, which restrains directors of companies that have been liquidated from continuing as197 words
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64 1984-06-30 1 POLICE will be allowed to hold an arrested person longer in custody if a Bill introduced yesterday was passed. The Constitution of the Republic of Singapore (Amendment) Bill amends Article 9 of the constitution to extend the period an arrested person can be64 words
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104 1984-06-30 1 PRIME MINISTER Lee Kuan Yew yesterday told Mr JB Jeyaretnam to report to the Corrupt Practices Investigation Bureau if he knew of any corruption at Anson Community Centre. Mr Lee was replying to a question by the Member for Anson on104 words
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Article92 1984-06-30 1 MUSLIM employees will be able to make regular contributions to the Council on Education for Muslim Children through the Central Provident Fund. This was disclosed in Parliament yesterday by Dr Ahmad Mattar, the Minister for Social Affairs. Dr Mattar, who is also the president of the92 words
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Article, Illustration89 1984-06-30 1 THE LACK «C follow-through support la the afternoon session mmi share prices to finish mixed on the Singapore stock market yesterday. At the ftaal bell, the broadbased BT Composite Index had gained 3.V7 potato to BM.lt. The Straits Times ladastrial Index pat on a smaller IM potato to89 words
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283 1984-06-30 1 WANG LOOK KEAH - By WANG LOOK KEAH, Transport Correspondent MARKETING executives of Singapore Airlines and Alitalia will meet next month to explore cooperation opportunities in marketing their services. The idea was first mooted by SIA because it sees commercial advantages for both parties. The283 words
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122 1984-06-30 1 A SINGAPORE Airlines' *****00, dubbed Big Top, yesterday made a record-breaking nonstop flight from Seattle, USA to Singapore. It is the -first time a non-stop flight on this sector has been attempted and the achievement is a world record. The aircraft was on a delivery flight122 words
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317 1984-06-30 1 A MOVE to stop the formation of three new house unions for workers in the airline industry was withdrawn yesterday. Mr J B Jeyaretnam withdrew the application to the High Court for an interim injunction to stop the formation of the house317 words
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Article79 1984-06-30 1 AFP SHARES IN leading British clearing banks rose sharply in London yesterday on hopes of an imminent settlement of Argentina's debt problem. The optimism was encouraged by reports from New York that negotiations between the Argentine government and the International Monetary Fund are about toAFP - 79 words
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Page 1 Advertisements
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Advertisement171 1984-06-30 1 ENEX-ASIA*]B4 1 r —v ;A— \n— rVTECHNICAL CONFERENCE y 'AND WORKSHOP SESSIONS' Eminent technologists from 10 countries presenting the latest in electrical electronic engineering For more information, call:INTERFAMA PTE LTD Tel: *****12 YAMAHA CARBON COMPOSITE CLUBS. Proven tops in scientific tests. :<wt r i w -i Tests carried out by171 words
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Advertisement270 1984-06-30 1 mm SHARE INFORMATION 12 RAW MATERIALS 6 MONEY EXCHANGES 7 THE wealth of nations in the post-industrial society will have its source not in land, labour or capital alone, but in knowledge, says the managing director of ICL Singapore. Page 2 THE question of "whether Metal Box Singapore Ltd is270 words
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Advertisement225 1984-06-30 1 !_:)'$`]&].@,.*&]>?,-}=}&`-}"_} XT 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 offer total security. You can keep all salary and wage details confidential. You receive accurate records of all payments and collections. You will reduce225 words
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Advertisement17 1984-06-30 1 An Interfama organised show Tel *****12 Business Times wishes all its Muslim readers Selamat Hari Rayo Aidilfitri17 words
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HOME NEWS
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185 1984-06-30 2 SINGAPORE Airlines has invested more than $4 million in an upgraded computer package to provide more efficient passenger and cargo reservations and faster check-in. The system, which will operate from July 1, will also enable automated ticketing, fare display and hotel reservations185 words
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134 1984-06-30 2 THE Singapore Armed Forces will conduct military exercises in Lim Chu Kang, Marsiling, Mandai, Tampines, Tuas, Bah Soon Pah, Wing Loong and Loyang from Monday to Sunday next week. Blanks and thunderflashes will be used. The public is advised not to be alarmed. The RSAF will134 words
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543 1984-06-30 2 TSANG SAU YIN - By TSANG SAU YIN, Management Correspondent THE WEALTH of nations in the post-industrial society will have its source not in land, labour or capital alone, but in knowledge. It has been determined that knowledge will increase the productive power of labour, says Mr Noel Hon,543 words
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456 1984-06-30 2 LEE HAN SHIH - By LEE HAN SHIH THE question of "whether Metal Box Singapore Ltd is a Chinese-owned company" was the issue of an intense debate for the Singapore Chinese Chamber of Commerce and Industry yesterday. The outcome of the question, which was still hanging456 words
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229 1984-06-30 2 THIS YEAR, Chinese businessmen on both sides of the Causeway will hold their eighth annual meeting in November, and on water. They will discuss joint ventures, bilateral investment and other business matters on a two-day cruise-to-nowhere on board the Princess Mahsuri,229 words
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232 1984-06-30 2 FIVE WINNERS of the Japan Air Lines Summer Course Scholarship have been told to carry out their roles in bringing up their children and not leave their education entirely to the school when they become parents. Dr Ow Chin Hock, Member of232 words
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167 1984-06-30 2 MORE THAN 8M people, Including VIPs, are expected at the Singapore Society of Accountants 21st anniversary ball tonight, in what could be considered the society's swan mg. The society, founded 21 yean age, has come ef age at It prepares to transform Itself Into167 words
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471 1984-06-30 2 MORAL SUPPORT and public recognition of the importance of the advertising industry in Singapore from not only agencies but also from outside the fraternity was the one crucial ingredient missing throughout the past years. "One has yet to see any evidence of even some471 words
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324 1984-06-30 2 JEFFREY TSANG - By JEFFREY TSANG A DROP-OUT RATE of about 30 per cent in the Basic Education for Skills Training (BEST) programme has prompted the Vocational A Industrial Training Board (VTTB) to revamp its English and Mathematics texts. Dr Law Song Seng, director of VTTB, said324 words
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Article200 1984-06-30 2 COMPANIES will respond positively to the need for better labourmanagement relations when both management and labour understand economic realities. "That is why communication is of vital importance in a company, both vertically, from top management to the shopfloor, and horizontally, from one end of the company to the200 words
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Article182 1984-06-30 2 TRAINING is the key to the work excellence programme. Without proper training, any joint programme will (ail. This was predicted yesterday by Mr Koh Juan Kiat. director, labour management relations group of the National Productivity Board. Speaking at the National Work Excellence Committee Conference, Mr Koh182 words
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Article53 1984-06-30 2 NEXT WEDNESDAY is America's Independence Day and the US Embassy will be closed. Travellers are encouraged to apply for passports and visas by Monday. As the Consular Section is likely to be very crowded on Tuesday, the embassy suggests travellers avoid that day to53 words
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Page 2 Advertisements
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Advertisement194 1984-06-30 2 1 MacGregor SYNCHROLITE The revolutionary lightweight clutjs The Synchrolite System is lighter, generating GREATER CLUBHEAD SPEED. When you generate greater clubhead speed, you hit the ball FARTHER. And because you can control a lighter club more easily, you hit the ball STRAIGHTER The Synchrolite System is 10 to 12% lighter194 words
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Advertisement147 1984-06-30 2 PHILIP WAIN INTERNATIONAL OF HONG KONG REPUTE seeks, appropriate locations in suitable buildings, complexes. Only agents/owners need call tel: no. *****55 to present their portfolio Mr Edwin Philips will be present in S'pore from 1/7/84 to meet with you. 5 THE SHIPPING CORPORATION OF IHDIA LTD (A GOVERNMENT OF INDIA147 words
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OVERSEAS
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Article, Illustration146 1984-06-30 3 AP photo AN ISRAELI army colonel gets a warm welcome from his family at Tel Aviv Airport on Thursday on his return from ;Syria, where he had been held since June 1982. Israel and Syria on Thursday exchanged 317 prisoners at Kuneitra on the GolanAP photo - 146 words
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250 1984-06-30 3 AP AN INMATE weighing 265 kg and who has not had a bath since February is suing prison officials because he will "never go home alive" unless he gets an air-conditioned room, better bathroom facilities, his own television and housekeeping assistance. AAP - 250 words
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Article757 1984-06-30 3 ARRIVALS Operator Service Local From number time PAA PA5 0020 JFK/SFO/HKG CAL CI33I 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 MH81J 0940 PEN >CAL CI806 0945 HLP757 words
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293 1984-06-30 3 AFP LAOS hinted on Thursday that it might resort to force to seize three disputed border hamlets from Thai control, only hours after Thailand's Foreign Minister played down the seriousness of the incident. Reports carried on Laotian national radio reasserted LaotianAFP - 293 words
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Article123 1984-06-30 3 Agencies US COMMERCE Secretary Malcolm Baldrige said yesterday that the country's trade balance would get worse before it got better. "I expect higher trade deficits in coming months before we see further improvements," he said. Earlier, the department said a slowdown of oil and ironAgencies - 123 words
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Article75 1984-06-30 3 AFP MORE than 9,000 French dairy producers have indicated that they will cease operations following the introduction of milk production quotas approved by the EEC on June 21, the French Ministry of Agriculture announced on Thursday. These producers account for about 320,000 tonnes of milk aAFP - 75 words
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306 1984-06-30 3 THE US space shuttle Discovery, whose maiden launch was halted on Wednesday Just four seconds from take-off, might have crashed into the sea if it had taken off, the crew's Captain disclosed. Hie Discovery's computers shut down the main306 words
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454 1984-06-30 3 FT BRITAIN HAS emerged along with France as one of the countries making most use of controversial measures to mix concessionary aid with export credits to win scarce Third World contracts. This is in spite of Britain's strong support of recent USFT - 454 words
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344 1984-06-30 3 Reuter A SHARP INCREASE in industrial investment and a better underlying export trend have given the British economic recovery a broader base, and augur well for its durability. The Bank of England, in its latest quarterly bulletin, yesterday echoed British governmentReuter - 344 words
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332 1984-06-30 3 Reuter TOTAL FUNDS held by the major oil exporting countries in the industrialised countries showed little net change in the second half of last year after declining by nearly US$2O billion in the first half. The Bank of England said yesterdayReuter - 332 words
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228 1984-06-30 3 NYT THE Reagan Administration has begun an effort to defeat US legislation intended to toughen penalties for the illegal use of insider information in the trading of securities, according to government and industry sources. In doing so, the administration has set itself onNYT - 228 words
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WORLD IN BRIEF
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Article36 1984-06-30 3 THE US congress on Thursday passed a bill to set a minimum drinking age of 21 in America aimed at reducing accidents caused by drunk drivers. It was sent to President Reagan for approval.36 words
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Article68 1984-06-30 3 NEARLY 500 writers and journalists are known to be in prison or in some other form of custody throughout the world, the president of the French Pen Club, Rene Tavernier, told a press conference in Paris on Thursday. Mr Tavernier presented a report listing the writers in detention as68 words
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Article47 1984-06-30 3 THAILAND'S encounter with the deadly piranha has taken another twist as a school of the South American fish seized in a massage parlour raid has given birth to 500 fry, officails said on Thursday. The fry were thought to have been bred through artificial insemination.47 words
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Article45 1984-06-30 3 EEC ministers endorsed a plan to start imposing a community-wide ban on production of cars which use leaded petrol from 1989, diplomats said. They said environment ministers of the 10 nation bloc has not yet taken any formal decision on the proposed ban.45 words
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Article45 1984-06-30 3 OPEC is likely to maintain present prices and production levels at its ministerial conference in Vienna on July 10, Energy and Mines Minister Arturo Hernandez Grisanti said. He said no surprises are expected at the meeting since market conditions have not changed noticeably.45 words
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Article31 1984-06-30 3 A 15-MEMBER delegation of the Hongkong Stock Brokers' Associaton left for Beijing on Thursday. They will meet Chinese officials to help China set up a stock exchange in Beijing.31 words
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Article52 1984-06-30 3 THE US House of Representatives, in an apparent move to force the senate to negotiate on military spending, overwhelmingly killed both a two-month and a oneyear increase in the nation's debt ceiling. The votes were 332 to 87 against an increase that would accommodate government borrowing needs for52 words
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411 1984-06-30 5 AFP THE^FALLURE of the latest Jabiru appraisal well in tbe Timor Sea led some analysts to say they believed toe Jabiru field might end Hip as only marginal for Commercial development. Broken Hill Proprietary (BH£), the major partner and! operator, yesterday announced it wasAFP - 411 words
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Article, Illustration149 1984-06-30 5 AFP SALVAGE EXPERTS were yesterday still -battling to stop the fire raging on board the oil tanker Tiburon from reaching 250,000 tonnes of crude oil in its $>ld, an official of the Smit International said. The salvage company was called in after theAFP; AP photo - 149 words
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193 1984-06-30 5 A TOP MEMBER of South Korea's ruling party has give» up all public offices following a controversy over his large property holdings which a political rival-claimed were amassed illegally. Representative Jung Nae-ftiuk, No 2 in President Chun Doo Hwan's Democratic Justice193 words
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157 1984-06-30 5 UPI A GIRL living in Levittown,; New York, who was adopted by a baby duck she tfelped break out of its egg, says the phenomenon! is scientific proof that ducklings are attached to the first moving object they See. Andrea Lynn Feldman,UPI - 157 words
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Article244 1984-06-30 5 AFP MANY WEALTHY Hongkong Chinese have the "1997 jitters" and are heading for the US, Canada and Australia with all their possessions, said international removal companies in Hongkong. Al4n Leung, manager of one of the colony's leading home removal agents, Crown Pacific Ltd, said thatAFP - 244 words
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Article181 1984-06-30 5 AFP INDONESIAN Manpower Minister Sudomo has ordered 102 foreigners who worked on oil projects and power stations being built in West Java to leave the country as soon as possible for violating labour laws. Mr Sudomo said on Thursday that the foreigners had used expired workingAFP - 181 words
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Page 3 Advertisements
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Advertisement14 1984-06-30 3 I ¥V\ ,W1 Pan Am. Daily 747SPTo USA. It Flies Smoother, Faster And Quieter.14 words
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Advertisement124 1984-06-30 3 When on the road you need the World's Smallest Auto Phone Dialer. IT HAS THE FOLLOWING FEATURES: The New Communication Concept YOUR NEW POCKET SIZE EXECUTIVE INVESTMENT! t*. rr., o'V-L- 1 --I 100 Memories Clock Calculator Wake-Up Alarm Telephone Timer Pulse/1 one System Pocket Size Electronic Security Lock $132 Special124 words
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Page 4 Advertisements
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Advertisement1485 1984-06-30 4 ASIA COMMERCIAL BANK LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) AND ITS SUBSIDIARY COMPANIES BALANCE SHEETS AS AT 31ST DECEMBER, 1983 CURRENT ASSETS Cash, gold bullion and balances with bankers and agents Money at call and short notice Bills receivable less provision Singapore Government Securities, including Singapore Treasury Bills less1,485 words
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Page 5 Advertisements
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Advertisement1161 1984-06-30 5 53 ASIA COMMERCIAL RNANCE UI (INCORPORATED IN THE REPUBLIC OF SINGAPORE) ■AUWCt SHEET AS AT 31ST D€C£MMIM9B3 SHARE CAPITAL Authorised: 10.000,000 shares of $1 each Issued and fully paid: 10.000,000 shares of $1 each RESERVES Statutory 5 Revenue 4 Total share capital and reserves OTHER LIABILITIES Fixed deposits and savings1,161 words
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RAW MATERIALS
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650 1984-06-30 6 FT AT A TIME when many companies in the Ivory Coast are losing money and cutting back output, the country's main natural rubber producer is making profits and is l engaged in an ambitious development scheme. Societe Africaine de Plantations d'HeveasFT - 650 words
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Article122 1984-06-30 6 MALAYSIAN crude palm oil prices closed lower yesterday, on renewed selling and lack of interest prompted by continuing easiness in Chicago soybean complex. The refined market was dull on continued reserve of buyers amid higher asking prices. Crude MALAYSIA M$/toon« (sellers' closing prices July (south) 1,150.00 July (north)122 words
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Article148 1984-06-30 6 SOYBEAN futures closed mostly lower on the Chicago Board of Trade on Thursday, with old crop months off as much as 13 V* cents a bushel, while November ended slightly higher. Traders cited liquidation of long old crop/short new crop spreads ahead of Usda acreage report as a negative148 words
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Article113 1984-06-30 6 WHEAT FUTURES closed firm on the Chicago Board of Trade on Thursday, up two to 6 J cents a bushel. September ended near the top of a six-cent range. Bunge was a late buyer of September, with Refco buying a total of 3.8 million bushels after midday. Trade talk113 words
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Article148 1984-06-30 6 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones 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 3,700 Combed yarn, cones Blue Phoenix 32's 1 3,700 Blue Phoenix 40's 5,800 Open-end148 words
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Article156 1984-06-30 6 Chinese Produce Exchange (Sellers' noon closing prices on June 29 SJ/lOOkq) Coconut oil Bulk FOB 240 00 OW drum FOB 253 00 New drum FOB 257 00 Copro Mined (loose) 125 00 buyers Pepper Muntok white FOB NLW 637 50 Sarawak white FOB toq NLW 630 00 Sarawak156 words
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Article292 1984-06-30 6 Singapore (S$/k4o, e«-g<xtown) Thoi white 100% 1st class (kangaroo) new crop 1 05 100% 2nd doss 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 Chino rice 10% 093 15% No stock 25%292 words
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Article65 1984-06-30 6 THE Straits tin price In Penang yesterday held steady at Ms2t.2t per kilo with the buffer stack manager maintaining support at this level. Tbe price is within the ITA lower range of $».15 and $SiM. Turnover, at the end of the second quota period, fell to 7t tonnes65 words
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Article128 1984-06-30 6 LONDON: Futures at midday yesterday were unchanged to £10 above the previous close at midday. Trade was restricted by the long holiday weekend in Malaysia and Singapore. Bid prices were up to £3 higher with offered levels up to £10 higher against a background of steady values in Tokyo128 words
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Article598 1984-06-30 6 COFFEE Robusta futures closed a fairly quiet morning with pared losses from the previous close of £30 to £10 per tonne. September finished at £2,228, £27 down but above the low at £2,210. Turnover totalled 1,636 lots including 383 crossed trades and 14 options. SUGAR Number six raw598 words
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Page 6 Advertisements
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Advertisement488 1984-06-30 6 I Pan Malaysia Cement Works Berhad J (Incorporated in Malaysia) The Directors of Pan Malaysia Cement Works Berhad are pleased to announce the unaudited results of the Company and of the Group incorporating the results of associated companies for the year ended 31st March 1984. r Group Incorporating Results of488 words
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MONEY AND EXCHANGES
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Article462 1984-06-30 7 SINGAPORE: The local currency rose to 552.132G 30 against the US dollar from 2.1330/40 on Thursday, but weakened to $91.95/92.05 against the Malaysian dollar from 91.70/80. The US dollar eased slightly against major currencies. It closed higher at 2.7840/50 marks compared with New York's 2.7770/85 close and at462 words
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Article211 1984-06-30 7 Interbank rates at 3pm CufrtnciM Nomine! rat** Si Quoted jftttffdiy c roee parity change Local dollars to one unit of foreign currency: US dollar 2.1320 2.1330 2 8196 -24.39 Sterling pound 2 8782 2 8816 7 3469 -60 82 Australian dollar 1 8399 1 8429 ***** -46 34211 words
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Article76 1984-06-30 7 THE WEEKEND rate closed at 6V« per cent on the Singapore interbank money market yesterday, but the bulk of the business was done at 8% per cent. One-month term rate firmed by -point, while the two and three-month maturities rose slightly by 1/16-point each. S$ interbank rates qt76 words
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Article131 1984-06-30 7 RESULTS OF TENDER held yesterday for 91-day Treas-ury-bills to be issued from July 2 to July 6: .Offered: $150,000,000 -Applied for: $291,500,000. !Allotted: $150,000,000. bids: $99.25 approximately 48 per cent; higher bids in full. 'Avenge rate of discount on allotment: 3.005 per cent per'^nnum. Results of tender held131 words
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Article, Illustration235 1984-06-30 7 Asian market THE PLR is th« lowest lending rote at which a bonk is prepared to lend in Singopore dollars to its clients on an overdraft or demand basis. deposit ratM us$ Offer Bid 7 days 11 11/16 115/8 1 month 117/8 11 3/4 2 months 12 1/16 11 15/16235 words
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Article209 1984-06-30 7 SINGAPORE Futures closed firmer in quiet trading yesterday, reflecting higher overseas advices. Total sales for the day were recorded at seven lots. Prompt closed firmer at U*****.50/375.50 an ounce against New York's $373.50/374.00 close, August at $378.50/379.50 against $376.60/377.30 and October at $386/387 against $384.00/ 384.50. LONDON The morning209 words
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BANKING AND FINANCE
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236 1984-06-30 7 Reuter THE extreme turbulence in world financial markets in May seems to have receded, but many of the underlying problems are unresolved and confidence is not restored fully, the Bank of England said in its June quarterly bulletin. The bank said market nervousness stemmed largelyReuter - 236 words
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Article612 1984-06-30 7 Reuter THE EUROBOND market, particularly that for dollar bonds, came to a virtual halt on Thursday as participants awaited a decision by the US Treasury on whether it will allow US government bonds to be sold to foreigners in bearer form. Currently, US government bonds areReuter - 612 words
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73 1984-06-30 7 FT PRESIDENT MARCOS of the Philippines used his decreemaking power on Thursday to raise the ceiling on the country's direct foreign borrowing from US$5 billion to $10 billion a year. The decree also raises the amount of government guarantees on foreign loans fromFT - 73 words
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369 1984-06-30 7 Reuter WEST GERMANY'S Bundesbank raised its key discount interest rate on Thursday to 4.5 per cent from 4 per cent, in a move bankers see as highly unpopular in the face of an already slowing economy. The move was immediately followed by the AustrianReuter - 369 words
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Article74 1984-06-30 7 Reuter ARGENTINA'S Economy Minister, Mr Bernardo Grinspun, who returned on Thursday from the US, said his country would pay more than US$2BO million to meet interest payments due at the end of the month. "Argentina pays far more than that," Mr Grinspun said when asked toReuter - 74 words
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347 1984-06-30 7 FT EFFORTS BY American banks to become a major force in the US$2OO billion commercial paper market have suffered a serious setback following a US Supreme Court decision barring banks from becoming dealers. By a majority of six toFT - 347 words
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Page 7 Advertisements
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Advertisement935 1984-06-30 7 BANK OF INDIA (Constituted in India) BALANCE SHEET AS AT 31st DECEMBER 1983 CAPITAL LIABILITIES PAID UP CAPITAL (wholly owned by Government of India) RESERVE FUND OTHER RESERVES DEPOSITS AND OTHER ACCOUNTS BORROWINGS FROM OTHER BANKING COMPANIES, AGENTS ETC. BILLS PAYABLE BILLS FOR COLLECTION BEING BILLS RECEIVABLE as per contra935 words
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FEATURES
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Article488 1984-06-30 8 PHOTOGRAPHS will look nice. Toothpaste sales will increase as more Singaporeans try to improve their smiles. (To prove that smiling is contagious, their efforts will bring cheers to the toothpaste makers.) Telephone conversations might get somewhat prolonged, with sing-song "Hello's, Can I help you's and Thank488 words
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Article, Illustration1022 1984-06-30 8 TERESA LIM - The first book on the Carrian affair sifts through a maze of events for a new perspective The Carrian File By Philip Bowring and Robert Cottrell Published by Far Eastern Economic Review HK$47 (To be distributed in Singapore in early July) Reviewed by TERESA LIM IT IS1,022 words
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Article295 1984-06-30 8 Acronyms for the developing ACRONYMPHILES people who take delight in rattling off RCs, CCCs, CCCMCs, TTCCs, etc, (ie resident committees, citizens' consultative committees, CCC management committees, three-tier coordinating committees, et cetera) for a long time had to contend with only two main acronyms to describe countries295 words
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Article1115 1984-06-30 8 VmmI B«rth Arrival Departure KEPPEL WHARVES Altis 35/6 alongside 30.6/0600 Builder II 21E alongside 30.6/0700 Equator IN 22 alongside 30.6/0700 Golden Season 18 alongside 30 6/1500 Ned Alkmaar 44 alongside 30.6/0600 Woheng 29/30 alongside 30.6/1500 Agostinho Neto 47 30.6/0700 30.6/2359 Aurora Glory 15/6 30.6/1000 2.7/0600 Daikoh Maru1,115 words
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Page 8 Miscellaneous
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Miscellaneous1022 1984-06-30 8 to sm CLsatDcicD HIGHLIGHTS: Centrestoge Antony and Cleopatra 8.03 pm, Channel 12 The most famous romance in history perhaps made more so by the real life involvement of leading man, Richard Burton with Elizabeth Taylor. However, this television version stars Jane Lapotaire and Colin Blakely in the story about a1,022 words
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TIME-OFF
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Article, Illustration659 1984-06-30 9 JEFFREY TSANG - By JEFFREY TSANG THEY MAY look alike, but Nissan's new Bluebird can be easily distinguished from the previous model as soon as it is driven. For unlike its sluggish and clumsy predecessor, the new Bluebird is remarkably pleasant to drive especially in Singapore's traffic conditions. Nissan659 words
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Article594 1984-06-30 9 CONCERTS This evening, a farewell performance by the Singapore Youth Choir who will be touring Europe and taking part in the Cleveland Inter-tie Choral Competition next month. Victoria Concert Hall, 8 pm. The seven-member Israel Philharmonic Chamber Players, on their way to Australia and the US, are putting594 words
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Article, Illustration250 1984-06-30 9 PHOTOGRAPHER Henri Cartier-Bresson has been described as "the man responsible for more memorable images than any other photographer in his time". He was one of the first photographers to use the 35 mm camera, which aided him in his quest to seize what he called "the250 words
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Page 9 Advertisements
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Advertisement909 1984-06-30 9 ISLAND FINANCE LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET AS AT 31st DECEMBER, 1983 SHARE CAPITAL AND RESERVES Share Capital (Note 2) Statutory Reserve (Note 3) Revenue Reserve Unappropriated Profit Represented By: FIXED ASSETS (Nate 4) CURRENT ASSETS Loans and Interest Receivable (Note 5) Insurance Premium Receivable Statutory909 words
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Page 9 Miscellaneous
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Miscellaneous751 1984-06-30 9 CRYPTIC PUZZLE ACROSS 9 Loth to squeeze through the smoll opening a window (8) 10 The letter, you say, orrives by oir (3) 1 I Mr Green, right 3 (6) 12 The occupant is o man, it comes out, and English (6) 13 Some beast entered the bank (7) 14751 words
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INTERNATIONAL STOCKS
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175 1984-06-30 10 Reuter GENERAL MOTORS, the largest US car company, said on Thursday it was buying a major computer company for more than US$2.5 billion to modernise its communications and become a leader in that field. The company is Dallasbased Electronic Data Systems (EDS), which isReuter - 175 words
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192 1984-06-30 10 AFP AUSTRALIAN pharmaceuticals and household products group Nicholas Kiwi Ltd has purchased a 72 per cent interest in the French car care products company Abel Bonnex SA. The cash purchase was for an undisclosed sum. Nicholas Kiwi said Abel Bonnex has aAFP - 192 words
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Article56 1984-06-30 10 Reuter THE PARENT company of France's troubled heavy engineering and nuclear group Creusot Loire was placed in official receivership by the Paris Commerical Court on Thursday. The Creusot Loire board of directors remains, together with three court-ap-pointed receivers, who will direct operations at the company forReuter - 56 words
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267 1984-06-30 10 UPI BLUE-CHIP powerhouses IBM and General Motors set the pace as the stock market scored its first gain in four sessions on Thursday in spite of relatively slow trading. Brokers attributed an afternoon buying surge to many investors anticipating favourable Federal ReserveUPI - 267 words
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Article113 1984-06-30 10 MJNC 2S AbMx a 24* imch Imp CM Into 34* 12* 35* Algomo 20* Bonk Mont 23 16* Bonk Nova Scotia M T«» 10* 30* Lototaw B 14* BP Con Ltd 24* Mc Bkxfel 25 24 Motion A 17* unch Can Prm Mg Canpoc 40* 19* Carina O'Keete 16*113 words
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Article212 1984-06-30 10 JUNE 28 tend Trust Bk 270 -10 Un Steel 122 Lnch INDUSTRIALS Urnsec 530 unch Woolworth x„ 1800 unch A Alpho 875 -25 MININGS Abercom 200 unch A£ And O 940 2350 60 455 4-5 ***** AMIC 2875 1840 15 1380 20 Buffets 7575 25 C G Smith 2290212 words
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Article713 1984-06-30 10 ACF Industries 53H inch Aican Aherwi 26% H Alcoa 33* AMmx* Lud 21* AAed Cham Q> AM Stores Afe-Chalmers Am Brands he Am Broodcost Am Can Co Am Cranonwd Am Etec Pwr Am Express Am Home Prod Am Motors Cp Am Notiral Gin Am Tel Tel 31* 41713 words
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Article946 1984-06-30 10 Amsterdam JUNE 28 Fb ABN 314 50 -1 5 116 00 1 5 Ahold 176 50 unch 86 20 -0 2 AMEV ***** -02 Am* os 60 50 04 Bark 35 00 +0 1 Boh 87 50 +15 235 00 unch Bosko 29 50 -0 5 65 00946 words
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Page 10 Advertisements
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Advertisement110 1984-06-30 10 Wtwtfe to tfiiK, din« ad «aMiia V *fei 7 MHMHHBBH The Summer Palace Of** FINEST CANTONESE CUISINE FOR ALL OCCASIONS. THE ADVANTAGE IS INTER CONTINENTAL THE PAVILION INTER CONTINENTAL THE PAVILION INTER* CONTINENTAL SINGAPORE 1 Cuscaden Road. Singapore 1024 Tel 733 8888 High Tea Never tasted so good Never looked110 words
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Advertisement115 1984-06-30 10 your very own retreat v 4 MM!: A ui! 1 At Scotts Cafe, wc serve all your tastebuds' fancies from delicious Western cuisine to mouth-watering Oriental dishes. Set in an intimate atmosphere surrounded by red brick walls, wrought-iron lamps and luihi greenery. ft HOTEL ASIA Your Mend In HOTEL ASIA115 words
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Advertisement137 1984-06-30 10 Hong Kong Tim Sum served from 11 am to 230 pm (We also cater for weddings, anniversaries, birthdays and Chinese dinner functions.) For Hr\mntnm\ plmsr mil 2WH22 F.xt I*l7 or I ¥*> PRESIDENT MERLIN HOTEL SINGAPORE IWI. kiiihriai KO.nI Nl■ »Hi (WJO |VI: 'Jt'iOlS DINE, WINE DANCE at the EMPEROR'S137 words
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Advertisement125 1984-06-30 10 K i •••'•v*,' it M nMNNi TflfkfrVrand Enjoy Our Prompt Efficient Service In Cool, Quiet Cosy Atmosphere WESTERN/ CHINESE/ LOCAL CUISINE Banquets Cater For Lunch Dinner Meetings Wedding Occasions, Birthday Parties At 16/- Onwards Per Person or Other Occasion With Function Rooms (Free of Charge) For 60 And Above. Taped125 words
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Advertisement145 1984-06-30 10 London stocks, Page 13 J 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 cßjswn OPWCE145 words
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ASIAN STOCKS
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Article352 1984-06-30 11 HONGKONG: Short-covering ahead of the weekend and end-quar-ter window dressing for managed funds helped send the Hang Seng index up to 901.07, just 2.76 down on Thursday after a low of 888.61 in the morning. The overall mood was still dull, but the panic selling after Chinesebacked Ever Bright352 words
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Article252 1984-06-30 11 JUNE 29 Al Sincere Indus A no Cement Cathay Cons NT 850 30 00 30 70 0 05 0.1 -02 Lien Hwa Indus Nan Ya Ptos Pacific Cons Pacific Elect Wire 12 95 31 20 32 00 19 10 -0 05 03 -02 02 Chang Hwa Bank 55 50252 words
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Article399 1984-06-30 11 TOKYO: The market closed slightly higher yesterday after a firm start as investors generally held off in the afternoon on concern over high US interest rates and the volatile yendollar exchange rate. The market average, which rose 61.04 on Thursday, added 5.92 to close at 10,377.97, after rising briefly399 words
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Article77 1984-06-30 11 June 29 Bonk Seoul Won 700 1 Hyundai Motor KAL S88 430 unch 17 Choheunq Bk Commencol Bk Daelim Ind 659 691 535 unch -4 -II Korea Oil K6rea Ship 848 435 13 -10 Daewoo Corp 412 625 30 5 Samsung Co 623 23 Dong Ah 610 -5 +1977 words
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Article436 1984-06-30 11 SYDNEY: Australian sharemarkets closed the financial year on a firmer note yesterday with strong buying support following advances on Wall Street and a higher gold price. Near the close, the All-ordinaries index was 9.5 higher at 659.9, the Allindustrials index was 9.1 up at 921.8 and the All-resources index436 words
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Article123 1984-06-30 11 BANGKOK: Share prices closed marginally higher in moderate trading yesterday. The Book Club index rose 0.26 to 119.18. Turnover totalled 183,996 shares worth 36.4 million baht compared with 149,650 shares worth 30.5 million on Thursday. JUNC 29 A ok horn Thai hfcn 135 -2 &am City C*m#rrt Siam 62123 words
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Article88 1984-06-30 11 MANILA: Prices closed generally easier in dull trading yesterday. The Commercial and Industrial Index fell 3.41 to 128.67, the Mining marker eased 0.45 to 1,047.55. JUNE 29 Acof* Mvwtg Pmm Onantal B Phi OVWMOI PM*« B 0 016 uncfc 0 0055 > 0 000 Ar>gk> Phi Ap«x Mma B88 words
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Article62 1984-06-30 11 Reuter MITSUBISHI Corp plans to make a onerfor-10 bonus issue to shareholders registered on Sep 30 to mark its 30th anniversary, president Yohei Mimura told a shareholders meeting. This will raise capital to 1.40 billion shares worth 70.14 billion yen from 1.28 billion worth 63.76 billionReuter - 62 words
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Article66 1984-06-30 11 Reuier WEST GERMAN pharmaceutical company Schering AG is considering a listing on the Tokyo Stock Exchange. Klaus Pohle, executive director, said: "Our thinking on a Tokyo listing is concrete, but first we want to see if there is a good chance of possible buyers." Group salesReuier - 66 words
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Article154 1984-06-30 11 Reuter CASIO COMPUTER Co Ltd will officially announce record consolidated results for 1963/84 ended March 20 on Wednesday, a company spokesman said. He said 1983/84 consolidated net income rose to nearly nine billion yen from the previous record 7.06 billion in 1962/83. Pre-tax profits roseReuter - 154 words
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180 1984-06-30 11 Reuter JAPAN'S MAJOR corporations are expected to post an average 23.6 per cent rise in current profit in 1984/85 ending March 31 after a 13.3 per cent rise in 1983/84, Nomura Research Institute said in a report. The institute, affiliated with Nomura SecuritiesReuter - 180 words
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107 1984-06-30 11 Reuter MAZDA Motor Corp has forecast a record current profit of 48 billion yen for 1983/84 ending next Oct 31 on sales of 1,441.5 billion yen. This compares with the 1962/83 current profit of 45.23 billion on sales of 1,364 billion. AReuter - 107 words
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Page 11 Advertisements
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Advertisement383 1984-06-30 11 m mA •jzm: mm. Local BRJOwntes N° n vaJ°°jle c»al at the Luna f^"° ,h,! h >9 tk Jc »5 Baron's Table Sunday Brunch... you'll love it J Give mum a break this Sunday and bring the family in for our taste-temping Brunch. You can relish our enormous spread of383 words
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Advertisement210 1984-06-30 11 A plane carrying a cargo of deadly Plutonium is hi-jacked in the north of England The terrorists, led by ruthlessly ambitious Captain Brown, plan to make their own atomic bomb and hold the country to ransom. The government refuses to see the very real danger and Ml 5 is helpless210 words
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SHARE INFORMATION
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Article, Illustration4302 1984-06-30 12 THE LACK of sustained buying interest in the afternoon session caused share prices to close on a mixed note at the Singapore stock market yesterday. This was reflected in the smaller gains made by both the major indices at the final bell.4,302 words
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Article257 1984-06-30 12 SINGAPORE Rises Stfi Muo Ind 620 +25 Esse 1430 20 Sol Properties 320 +20 Srn (two 300 20 Metro Hldft 334 +18 UOI 410+16 Textile Corp 330 +16 O U E 360 +12 DICM 50( 284 +12 0 C C 975 +10 M Cement 720 +10 1257 words
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Article503 1984-06-30 12 SHARE prices closed generally steadier on the Kuala Lumpur stock market yesterday in fairly active trading following the overnight rebound on Wall Street. Turnover for the halfday session amounted to 3.57 million units valued at MJ8.69 million compared with Thursday's 5.59 million units worth $15.64 million.503 words
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Article3401 1984-06-30 12 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1/100 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT"3,401 words
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Page 12 Advertisements
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Advertisement7 1984-06-30 12 Busings* don« on Mh» KLSE SMPiq* 137 words
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COMPANY NEWS
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Article, Illustration456 1984-06-30 13 CHAN OI CHEE - Chairman of Hong Leong and Sinfin to step down By CHAN OI CHEE MR KWEK HONG PNG, the long-time chairman of Hong Leong Finance Ltd is stepping down from the helm to make way for the young. His son, Mr Kwek Leng Beng, who is currently456 words
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347 1984-06-30 13 JC-MPH's 11.4m revaluation windfall JACK CHIA-MPH Ltd's recent revaluation of its properties in Singapore has resulted in a surplus of $11.4 million. This is after deducting minority interest arising out of the difference between the market values and the net book values of the properties. JC-MPH's 64.8 per centowned Hotel347 words
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434 1984-06-30 13 AMY CHEOK - By AMY CHEOK THE FIRST company to be admitted to the Stock Exchange of Singapore this year saw its shares making a rather inspiring debut on the trading floor yesterday. Jurong Engineering Ltd's maiden performance has to be taken against the background of the prevailing conditions434 words
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Article, Illustration310 1984-06-30 13 mm By HOCK LOCK SIEW IN A previous review (March 17) when Chuan Hup was hovering around $3.90, I said "The shares have been trying to make up its mind as to where it should go next and are currently locked within a triangular formation. "There is atBy HOCK LOCK SIEW - 310 words
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Article1892 1984-06-30 13 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 Alcorn (2 078 2.085) (2) 2.06 (3) 2 081,892 words
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184 1984-06-30 13 MAGNUM Corporation Bhd, a four-digit lottery operator and finance group, has called off its proposed acquisition of a major stake in United Malayan Banking Corporation after nearly a year of waiting. According to the company's announcement yesterday, its agreement with Multi-Ptirpose184 words
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Article208 1984-06-30 13 Monog«rs' prices for June 30 July 2 Singapore Unit Trust Th« Commerce 3.05 3.24* The Saving* Fund 1.84 195 S'pore Prog Fund 1.35 1.43 S'pore Sec Fund 207 2 20 S'pore Invest Fund 1.09 1.15 S'pore Equity Fund 1.35 1.43 Asia Unit Trust Mol Invest Fund Mol Prog208 words
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LATEST RESULTS
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Article37 1984-06-30 13 Group pre-tax profits for the year ended March 31, 1984 were $11.09 million (19.95 million) while net profits stood at $4.87 million ($6.13 million). Group turnover for the year was $27.96 million ($27.95 million).37 words
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Article37 1984-06-30 13 FRASER Neave Ltd: Group pre-tax profits for the year ended March 31, 1984 were $54.87 million ($52.22 million) while net profits stood at $32.66 million ($29.8 million). Group turnover for the year was $231.9 million ($238.72 million).37 words
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Article36 1984-06-30 13 (for- merly Loytape Bhd): Group pre-tax profits for the six months ended March 31, 1984 were M 53.76 million while net profits were $2.71 million. Group turnover for the period was $55.17 million.36 words
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Article97 1984-06-30 13 HONGKONG Hang Seng Index Friday 901.07 Thursday 903.83 Week ago 932.37 TOKYO Tokyo Dow Jones Friday ***** 97 Thursday ***** 05 Week ago *****.05 TSE Index Friday 793 11 Thursday 793.90 Week ago 776.82 SYDNEY Australian Minings Friday 421.4 Thursday 413.2 Week ogo 429.0 Australian Industrials Friday 921.897 words
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Article65 1984-06-30 13 THE KLSE has asked for more information from Miut Pleasure Holdings Bhd on its proposed rights issue of 32.12 million 10 per cent convertible unsecured loan stock 1964/88. The data include net profit or loss for the year ended Dec 31. 1963, the expected change in profitability this65 words
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Article966 1984-06-30 13 THE market closed higher yesterday, helped by end-account and quarter shortcovering and the firmer trend on Wall Street, dealers said. At 3pm, the FT 30 index rose 7.8 points to 814.9. Government bonds showed gains of around ■4 point in slack trade lifted by firmer sterling and end966 words
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423 1984-06-30 14 ALVIN TAY - By ALVIN TAY FAR EASTERN Bank's 1983 corporate results with aftertax profits slashed by half, while total deposits and assets dropped by one-fifth marked its worst performance since 1979. Group profits after taxation amounted to $2.47 million last year, representing a decline of 50.2 per423 words
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Article, Illustration315 1984-06-30 14 THERE WAS organised confusion at the trading pit of the Singapore International Monetary Exchange yesterday. The occasion: a mock trading session to prepare local floor traders for the "open outcry" pit trading similar to that of the Chicago Mercantile Exchange. The scene was reminiscent of315 words
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107 1984-06-30 14 SIMEX has completed specifications of its new gold contract which will be traded next Thursday. The contract size will be 100 troy ounces with minimum price fluctuations of 10 US cents an ounce, that is, US$lO per contract. Trading months are February, March, April,107 words
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355 1984-06-30 14 SHAREHOLDERS of Income, the insurance cooperative arm of the National Trades Union Congress, have two reasons to be happy. Firstly, the cooperative is confident of meeting its ambitious target of $500 million in sums assured for this year, but it would355 words
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Article416 1984-06-30 14 SOH TIANG KENG - By SOH TIANG KENG, Banking Correspondent NOMURA Research Institute (NRI) has set up a representative office in Singapore to conduct problem-solving research as well as provide information and advice to companies and government agencies in this region. The Japanese company has also set up its416 words
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306 1984-06-30 14 LOCAL AGENTS for German cars are heaving sighs of relief after the compromise agreement between management and labour unions in the West German metalwork industry. The deal will end a sevenweek long strike the worst ever by Germany's 450,000 metalworkers. When306 words
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456 1984-06-30 14 LOH HUI YIN - By LOH HUI YIN WEST GERMANY is making strong efforts to improve its trade with Asean. The leading West German newspaper, Die Zeit, said that there were good reasons why the West Germans had identified Asean as well as Taiwan, South Korea456 words
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Article65 1984-06-30 14 SIGNS OF a decline in economic activity in the US sent stock prices slightly higher in early trading yesterday. The Dow Jones Industrial Average, which rose on Thursday in anticipation that the economy and interest rate growth was slowing, was up another VA point to under 1128.65 words
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LATE FILE
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Article54 1984-06-30 14 AFP TAIWAN will simplify procedures for Hongkong Chinese to settle there if there is a "sudden change of situation" in the British colony, a government official told visiting Hongkong intellectuals in Taipei yesterday. But the 28 visitors were also urged to "stay in Hongkong andAFP - 54 words
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Article44 1984-06-30 14 UPI THE US government's index of leading economic indicators fell 0.1 per cent in May, another sign of slower growth ahead, the US Commerce Department said yesterday. It was the first time the indicators have pointed down since August 1982.UPI - 44 words
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Article35 1984-06-30 14 Reuter THE Governor of India's troubled Punjab state and the region's police chief resigned yesterday, a government spokesman said. The spokesman told reporters that Prime Minister Gandhi had accepted the resignations. ReuterReuter - 35 words
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Article49 1984-06-30 14 Reuter INDONESIAN Foreign Minister Mochtar Kusumaatmadja said yesterday Asean was concerned and puzzled about possible US arms sale to China. He told reporters Indonesia was concerned at the principle involved and that the arms might represent a security threat to the region. ReuterReuter - 49 words
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Article60 1984-06-30 14 AFP INSURANCE lor ships using Iran's Kharg oil terminal will remain at 5 per cent of both ship and cargo values for the time being, insurance executives said yesterday. The meeting, on Thursday, to review the position after renewed attacks against tankers carrying Iranian oil,AFP - 60 words
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Page 14 Advertisements
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Advertisement87 1984-06-30 14 "ft 00 <;.y r? c/r I a CD Clinomint Is good for smokers and anyone else who desires healthier, whiter teeth Clinomint gel is a uniquely formulated toothpaste with Fblynam II (TM). an effective cleansing agent that safety removes tobacco tea. coffee and other stains from teeth without harming your87 words
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Advertisement70 1984-06-30 14 I CHINA THE FUTURE AND BIGGEST MARKET FOR THE LOCAL BUILDING INDUSTRY Find out how you can carve a profitable slice of China's burgeoning building industry at. .0' 0 s pV o .0 G o o a* v o o \0 k°p G> o a o For more information, contact70 words
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Page 14 Miscellaneous
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Miscellaneous57 1984-06-30 14 wwcaaa Outlook for today: Showers over several areas in the late morning ond afternoon. Report for 24 hours prior to 7 30pm on June 29 ot the airport: Moximum temperature 31.0 Associated humidity 62 Minimum temperature 25.4 Associated humidity 86 Hours of sunshine 5.65 Rainfoll in millimetres 9.8 Rainfall this57 words
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