The Business Times, 14 July 1984
1984-07-14
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The Business Times
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Title Section11 1984-07-14 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, JULY 14,1184 60 CENTS11 words
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207 1984-07-14 1 A LARGE-SCALE exhibition of industrial and consumer products will be held at the World Trade Centre next July. The Trade and Industry Fair '85, to be held from July 27 to Aug 4, is organised by the Singapore Chinese Chamber of Commerce and207 words
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149 1984-07-14 1 JURONG Engineering Ltd (JEL) has been awarded an $18 million installation subcontract for the incineration plant at Tuas. The job was awarded by Mitsubishi Corporation (S) which clinched the main $106 million mechanical equipment contract for the Ministry of Environment's second incineration plant. JEL149 words
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Article, Illustration320 1984-07-14 1 FOO CHOY PENG - GOVERNMENT WARNS EMPLOYERS AND WORKERS By FOO CHOY PENG E)0 NOT engage foreign maids as your shop assistants or restaurant workers if you want to avoid the wrath of the government. In a warning to those who employ foreign maids in320 words
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283 1984-07-14 1 UPI CHINA yesterday warned it would "fight to the finish", amid reports of a massive cross-border incursion by a division of Vietnamese troops backed by artillery. Western diplomats said if the Chinese reports are accurate, the fighting could be the heaviest sinceUPI - 283 words
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165 1984-07-14 1 SINGAPORE Airlines chairman, Mr JY Pillay, officially opened its $9 million Aircraft Unit Load Device (AULD) Centre yesterday. The airline claimed that the new centre, which has a staff of 31, is the first of its kind in the world to provide the complete165 words
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Article95 1984-07-14 1 THE GOVERNMENT has acquired a total of about 1,571,130 square metres of land in the Choa Chu Kang and Jurong areas for public housing and general development. A further 106,910 square metres in Bedok have also been acquired for general develop- ment under the Land Acquisition95 words
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Article, Illustration72 1984-07-14 1 SHARE prices en the Singapore stock market el—ed mar* gl—lly klgker on redneed valame yesterday. After fear days sf leases, the BT Cempeslte Index gained IJ2 points te T71.11 wkile the Straits Times Indnstrlal Index pat en IJI petnt te Btt.lt. TVre was mom very selective baying «f72 words
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389 1984-07-14 1 JEFFREY TSANG - By JEFFREY TSANG LORRY OWNERS have alleged that the move to allow parking of heavy vehicles only in centralised parks found at the fringes of HDB estates was counterproductive. With lorry-parks located in corners of housing estates and with drivers needing to start389 words
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587 1984-07-14 1 LIM SOON NEO - By LIM SOON NEO VENTURE CAPITAL is hard to come by because banks are acting "like pawnshops, unwilling to give finance unless there is security", it was said at a panel discussion yesterday at the First Asia/Pacific Venture Capital Symposium. Two entrepreneurs who have587 words
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Page 1 Advertisements
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Advertisement151 1984-07-14 1 [-ASIA *184 1/TECHNICAL CONFERENCE 'AND WORKSHOP SESSIONS 1 Eminent technologists from 10 countries presenting the latest in electrical electronic engineering For more information, call:INTERFAMA PTE LTD Tel: *****12 1 Tests carried out by a Swing Robot, the most reliable golf testing equipment to date, have proven Yamaha carbon composite clubs151 words
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Advertisement254 1984-07-14 1 mm AIRCRAFT SHIPS IN PORT CROSSWORDS A GROUP of 40 businessmen from Singapore's various chambers of commerce will meet their Aseon, Australian and American counterparts in Bangkok next week. Page 2 CONFRONTED by mounting industrial unrest, a weakening pound and discontent within her own Conservative Forty, Margaret Thatcher is looking254 words
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Advertisement0 1984-07-14 1 "&;)<";<>]&|?|;>.:[>.?=.,!<&|,"0 words
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Advertisement200 1984-07-14 1 ips^m South East Asia's sth Biennial International y Electrical Electronic Engineering Exhibition." 23 27 October 1984 World Trade Centre SINGAPORE An Interfama organised show Tel *****12 Businessmen The Hongkongßank Action Team is just a call away The Hongkongßank Action Team. A group of highly trained men and women with special200 words
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HOME NEWS
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Article, Illustration536 1984-07-14 2 AMY BALAN - By AMY BALAN THE ISSUES came thick and fast press merger, non-con-stituency MPs, graduate mothers' policy, education streaming but the latest PAP candidate was undaunted by the seemingly frequent changes in government policies. Dr Lee Boon Yang, the 16th candidate to be introduced by the536 words
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398 1984-07-14 2 SINGAPORE will host the 3rd Asia-Pacific Conference and Workshop on Electron Microscopy (Apem Singapore) at the Bio Science Complex of the National University of Singapore from Aug 24 to Sep 2. Apem Singapore is co-orga-nised by the Singapore National Academy of398 words
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300 1984-07-14 2 THE HOUSING and Development Board is renting out another 27 industrial shops to renovation contractors because the first batch it offered has been taken up. The board may also rent out more units if there is a demand. The second300 words
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276 1984-07-14 2 A GROUP of 40 businessmen from Singapore's various chambers of commerce will meet their Asean, Australian and American counterparts in Bangkok next week. They will travel under the auspices of the Singapore Federation of Chambers of Commerce and Industry, led by their president Mr276 words
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216 1984-07-14 2 FURNITURE financing with relatively low interest rates and minimum fuss will help a newcomer to the furniture business give rivals a tough fight. A "D-Plan" is being launched today by DenFurn Design Centre, a local company that sells Danish furniture and household items. Under this216 words
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Article102 1984-07-14 2 ABOUT 70 journalists in Times House gathered again yesterday at lunchtime but without placards or black arm-bands. The previous day's chants of "No merger" were absent, too. This time they met in the canteen to discuss the implications of the proposed merger of the Straits Times102 words
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157 1984-07-14 2 THE CHICKS that are used to attract business usually mean pretty girls. However, a farmers' consortium would rather use the real thing. Five thousand chicks, yellow and fluffy, will chirp their way into the homes of customers who buy $20 worth of157 words
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Article, Illustration104 1984-07-14 2 PRESIDENT CV Devan Nair yesterday presented certificates of appointment to 36 honorary Aides-de-Camp (ADCs) at the Istana yesterday. Of these, 26 are from the SAF while the rest are from the police force. For the first time, three reservist SAF officers Major104 words
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491 1984-07-14 2 R RAMA - By R RAMA THE BIGGEST KILLERS of infants and children are diarrhoea and malnutrition. Dr Emanuel Lebenthal, professor of paediatrics at the State University of New York, said yesterday that one billion children under five years of age suffered from chronic diarrhoea in491 words
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187 1984-07-14 2 AN AUSTRALIAN company has won a $3.6 million tender to manufacture and install 12,000 sq metres of specialised wall claddings for part of the Raffles City Complex. The company, called Muniloc, will install the Glassfibre Reinforced Cement cladding at the main atrium187 words
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Page 2 Advertisements
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Advertisement196 1984-07-14 2 VIEWS OF EARIY SINGAPORE A collector's edition of six fine quality prints reproduced from rare lithographs dated 1828 to 1840 rp/%' "'"l'lrli t Si $75 to 4 V M r «r m. v v £2 >V M. It. To mark the occasion of Singapore's 25th year of self government. Times196 words
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OVERSEAS
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341 1984-07-14 3 NYT WORLD STEEL producers, led by the European Economic Community, have expressed sharp criticism over the proposals of the US International Trade Commission to boost tariffs and tighten quotas on a variety of carbon steel imports. The European CommissionNYT - 341 words
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Article101 1984-07-14 3 Reuter IRAN HAS offered discounts of as much as US$3.lO a barrel on about 10.5 million barrels of crude oil sold to Japanese traders in the last two days, oil traders said. They said the discounts, under the official selling price of $28 a barrelReuter - 101 words
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165 1984-07-14 3 AFP ECONOMIC indicators in major industrial nations suggest that exports from the US may soon begin to grow faster than imports, reversing the present trend, the Conference Board said. The business-sponsored research organisation said on Thursday that the growth rate in the USAFP - 165 words
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340 1984-07-14 3 UPI THE US and West Germany signed a "milestone" military agreement on Thursday to bolster German defences with hundreds of anti-aircraft missiles that will protect the troops of both nations. Under the complicated agreement, Bonn will purchase 900 US-built Patriot long-range surface-to-airUPI - 340 words
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348 1984-07-14 3 UPI AN INFLUENTIAL US Senator said evidence presented at Congressional hearings raise the possibility that American use of nuclear weapons against an enemy could mean national suicide. "Now we learn that, by employing the nuclear option, we may be shooting ourselves in theUPI - 348 words
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Article201 1984-07-14 3 AP KUWAIT has signed a US$327 million arms deal with the Soviet Union aimed at defending Gulf commercial shipping against Iranian attacks, while the Speaker of the Iranian parliament called on Iran's enemies on Thursday to "come to their senses and put an end to theAP - 201 words
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698 1984-07-14 3 Reuter CONFRONTED by mounting industrial unrest, a weakening pound and discontent within her own Conservative Party, Margaret Thatcher is looking increasingly shaky after five years as Britain's Prime Minister. For the first time there is hushed talk of a possible successor, withReuter - 698 words
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160 1984-07-14 3 UPI BRITAIN'S national dock strike delivered its first major blow to passenger shipping on Thursday, forcing the diversion to France of two luxury liners, including the QE-2 with 1,500 passengers from New York. The QE-2 had been scheduled to dock yesterday at theUPI - 160 words
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Article, Illustration67 1984-07-14 3 ITS A BOY China has just announced its first taattubs baby, born on March 11. This photo was relaasad by the country's official Xinhua nawa agency yastarday. Xinhua aakf that tha baby, concaivad by artificial insamination, waa born at tha Shanghai No 2 Madical College.AP photo. - 67 words
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202 1984-07-14 3 Reuter RELATIONS between Britain and Nigeria were at a low ebb yesterday after both countries ordered the expulsion of two of the other's diplomats. Britain said on Thursday that two Nigerian diplomats should leave the country after police were not allowed to question them aboutReuter - 202 words
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Article309 1984-07-14 3 Reuter NEW ZEALAND'S political parties wound up election campaigning yesterday with Prime Minister Sir Robert Muldoon admitting that the opposition Labour Party might end his nine years in power. But Sir Robert, whose National Party is trailing badly in opinion polls, said that if heReuter - 309 words
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177 1984-07-14 3 Reuter THE RULING Australian Labour Party yesterday voted at its biennial national conference in Canberra to require 51 per cent local equity in resource projects "where feasible". Minerals and Energy Minister Peter Walsh told the conference that the addition of "where feasible"Reuter - 177 words
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WORLD IN BRIEF
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Article63 1984-07-14 3 FRENCH Justice Minister Robert Badinter proposed that an international conference be held In Paris to examine ethical problems surrounding testtube fertilisation and artificial inseminatUpi. Government spokesman Roland Dumas said Mr Badinter made the proposal during a Cabinet meeting at which ministers agreed to prepare legislation this year to63 words
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Article58 1984-07-14 3 NINE armed Paktkarus arrested last FridajAlanned to take hostageflkt a Ford Motor managerial conference, but buigied when they were unable to find the meeting room, an Austrian Interior Ministry saidkon Thursday. A 2 ministry spokesman said that after questioning, p was found the nine supported the Pakistan People's Party58 words
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Article71 1984-07-14 3 HEART DISEASE has reached epidemic proportions in Britain and the country's traditional fatty diet is to blame, a committee of top doctors said. It urged the government to act to improve eating habits and, if necessary, to appoint a Minister of Food. The committee said heart disease could71 words
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Article57 1984-07-14 3 US SECRETARY of State George Shultz is due to arrive in Canberra this weekend for a two-day visit, during which he is expected to discuss disarmament questions and Anzus Australia's Joint defence treaty with the US and New Zealand. Mr Shultz is stopping over in Canberra en route57 words
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Article70 1984-07-14 3 THE Soviet Union, angered at the lifting of restrictions on West German arms production, warned the Bonn government of "negative consequences" if it builds long-range bombers and missiles. Moscow protested the decision by the West European union in a note delivered to West Germany and rejected by Bonn70 words
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Article50 1984-07-14 3 Agencies THE European Parliament's Budget Committee allowed a US$64O million net budget refund for Britain. The committee voted by 25 votes to none against and two abstentions to free the cash which parliament froze last December in its battle to force member governments into far-reach-ing budget reform. Ag-Agencies - 50 words
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Article745 1984-07-14 3 ARRIVALS Operator Scrvm tint From PAA CAL MAS KAL CV MAS SV MAS MAS CAL RBA SIA CPA GIA SIA PA5 C1331 MH68I KE624 CV796 MH60I SV386 MH67I MH811 C1806 BM2I SQ103 CX710 GA960 SO 105 0020 0150 0620 0640 0645 0905 0910 0935 0940 0945 1000745 words
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Article, Illustration541 1984-07-14 4 Walter Mondale's selection draws praises UPI, AP GERALDINE FERRARO drew rave reviews from Democratic leaders on Thursday and many said that Walter Mondale's bold move in choosing her as his vice-presidential running mate was a good political decision that improved his chances of defeatingUPI,; AP - 541 words
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168 1984-07-14 4 AFP INDIAN Prime Minister Indira Gandhi said recent extremist Sikh violence in the Punjab had been backed by rich Sikhs living mainly in Britain, Canada and the US, in an interview published in the right wing daily newspaper Le Figaro inAFP - 168 words
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371 1984-07-14 4 AFP AMERICAN Secretary of State George Shultz said yesterday that Washington's ties with China did not in any way compromise relations with Indonesia and other South-east Asian nations. Mr Shultz was speaking to newsmen questioning him about proposed US arms salesAFP - 371 words
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Article159 1984-07-14 4 AFP ASEAN yesterday rejected a proposal by Australian Foreign Minister Bill Hayden that Canberra should be the venue for a round table conference between the six-nation group on the one side, and Vietnam and Laos on the other, over Cambodia. Mr Hayden made this proposal inAFP - 159 words
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Article201 1984-07-14 4 Reuter THE Indian government started work on an ambitious US$lBO billion five-year plan to reduce the country's grinding poverty through modernised agriculture and industries. Prime Minister Indira Gandhi told a conference of Federal government ministers and chief ministers from 22 states that priorities in the plan areReuter - 201 words
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Article85 1984-07-14 4 AFP THE RECENT arrest of a Presbyterian minister trying to smuggle US$2OO,OOO in cash and cheques out of South Korea has led to press allegations of corruption within Protestant churches in Seoul. The minister was arrested at Seoul's Kimpo Airport trying to smuggle the money toAFP - 85 words
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Page 3 Advertisements
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Advertisement12 1984-07-14 3 W1 Pan Am. Daily 7475P To USA. Flics Smoother, Faster And Quieter.12 words
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RAW MATERIALS
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Article249 1984-07-14 4 SINGAPORE: The market closed higher yesterday with August One RSS buyers quoted at 200.50 cents a kg, up 1.50 cents from Thursday. The morning session gained 4.50 cents on steadier London advices and trade and speculative buying in moderate trading. Prices fell 3.0 cents in the afternoon on some249 words
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Article303 1984-07-14 4 RAS prices (in S cents/kilo, FOB in bales) NOON CLOSE Buyers Setters Buyers Sellers Int 1 RSS prompt 195.00 196.00N 195.00 196.00N lot 1 RSS August 200 50 201.00 200.50 201.00 Int 1 RSS Sep 205 00 205.50 205 50 206 00 lot 2 RSS 189 50303 words
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Article96 1984-07-14 4 (m cents/1 ton poMets) August September (current mth) (forward mth) RAS NOON NOON Buyers St Hen luyers Setters SSfi 20 189 00 191.00N 190 00 192 00N SSR50 187 00 189 00N 188 00 I90 00N MRELB |wy«f« Sellers Buyers Setters SMRCV 239.00 241.00N 241.00 243 00N96 words
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Article127 1984-07-14 4 SOYBEAN futures closed 22'4 cents per bushel higher yesterday in July to 8 cents higher in January in active trade. Values rose in a daylong session of short covering, following two days of sharp losses. But market sentiment remained generally negative, with new crop weather concerns. Day traders provided127 words
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Article54 1984-07-14 4 THE Straits Um price in Peaaag was unchanged at tke IT A fleer level ef Ms2t.ls a kg yesterday. Twaaver feU to 182 taaaes (ran 271 aa llindty, with 2t per cent foreign eeaeeatrates detected. There was ae rattoaiag. Ooiirtfl on My 13 TIN Straits Tin 29.15 unch54 words
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Article147 1984-07-14 4 WHEAT futures closed US-cents to IVi US-cents per bushel higher yesterday, easing from the day's highs after mid-session in moderately active trade. Thursday's Usda supply and demand report forecasting a 50-million tonne increase in 1984-85 US wheat exports contributed early support, but local and exporter selling after midday limited147 words
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Article167 1984-07-14 4 Yarn Hongkong Golden Peak, 60 x 60 115 50 (In HK$ per bole of 400 lb) China carded yarn, cones White cloth Japon No 10,000 Blue Phoenix 16 s 3,450 Three Peoche* 221 50 Blue Phoenix 20's 3,500 Japan No 2003 Unq Unq Blue Phoenix 32's Blue Phoenix 40's167 words
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Article148 1984-07-14 4 Chinese Produce Robusta 20/25% 487 50 Exchange (Sellers' noon doting j >rtces July FOB NSW Nutmeg 13. SJ/100 kg) 110 FOB NSW 355 00 B W FOB NSW 256 00 Coconut oil Gambier Bufc FOB Old drum FOB New drum FOB Copra Mixed (loose) 210 00 223 00148 words
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Article117 1984-07-14 4 Malaysian crude palm oil market closed firmer yesterday on covering and speculative buying prompted by higher Chicago soy futures. July deliveries in the central region rose Ms3s to $1,000 per tonne and south gained $25 to $1,005, while August in central firmed $40 to $1,005. The refined market117 words
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146 1984-07-14 4 AFP AUSTRALIAN Mining and Smelting (Europe) has cut the price of refined zinc by US$5O to 1990 a tonne, with effect from Thursday. This reduction by Britain's biggest zinc smelter at Avonmouth follows similar price cuts by other European producers over the last few days.AFP - 146 words
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Article810 1984-07-14 4 COFFEE Robusta futures ended a quiet morning yesterday with gains of £8 to £3 a tonne. September finished at £2,217, £5 up. Turnover totalled 400 lots, twrhuUng 53 crossed trades and 14 options. The market opened unchanged, despite a weaker New York close and firmer sterling against the810 words
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Article305 1984-07-14 4 Singapore C-l special C-l Of dinary Looruan 100% unq unq (S$/Mo, ««-godown) Thoi white first grode unq 100% 1st doss 100% second grade 265 (kangaroo) 100% third grode unq new crop 1 05 Parboiled 100% 2nd closs 077 5% 10% 275 270 100% 3rd class 075 25% new crop305 words
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Page 4 Advertisements
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BANKING AND FINANCE
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281 1984-07-14 5 Reuter NEW ZEALAND foreign exchange dealers are almost certain that an incoming Labour government would devalue the New Zealand dollar by a substantial amount following today's general election. However, the dealers said they were unsure of the timing of such a devaluation. All recentReuter - 281 words
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138 1984-07-14 5 Reuter SWEDEN has increased the amount on a 10-year Eurocredit facility arranged by Morgan Guaranty Ltd and four other banks to US$4 billion from $3 billion, the National Debt Office said. A spokesman for the office said the amount had been increased becauseReuter - 138 words
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244 1984-07-14 5 POLAND'S Finance Minister, Mr Stanislaw Nieckarz, has accused Western creditor nations, grouped in the Paris Club, of slowing down talks on rescheduling Polish debt payments to Western governments which fell due between 1962 and 1964. Originally, the Poles were expected to meet244 words
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Article103 1984-07-14 5 AFP TWO leading British and Japanes money brokers, Mills Allen International (MAI) and Ueda Tanshi Co, have reached agreement on extensive business cooperation, it was announced on Thursday. Under the accord, they would cooperate in foreign exchange and money broking by setting up two new companies, oneAFP - 103 words
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Article, Illustration141 1984-07-14 5 AFP US TREASURY Secretary Donald Regan on Thursday defended the strength of the dollar on international markets, saying it reflected the growth of the US economy and strong demand for the currency by foreign investors. "Our economy is running very strongly, inflation is low, weAFP - 141 words
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Article91 1984-07-14 5 AFP THE US M-l money supply dropped by US$l.6 billion for the week ended July 2, close to the expectations of the majority of observers. During the week, M-l was at $544.6 billion, against $546.2 billion the previous week. While many analysts had expected a dipAFP - 91 words
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490 1984-07-14 5 SOH TIANG KENG - By SOH TIANG KENG TWO Singapore banks are placed among the world's top 100 banks with the highest returns on investment. They are DBS Bank (in 26th place) and Overseas Union Bank (in 55th place), according to the latest annual rankings and490 words
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463 1984-07-14 5 NYT SOME OF the glitter has been wearing off Persian Gulf banking. The glitter was brightest when tiny, independent Bahrain began allowing foreign banks to establish untaxed, lightly regulated "offshore banking units" to do business with Saudi Arabia and theNYT - 463 words
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MONEY AND EXCHANGES
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Article, Illustration269 1984-07-14 5 SINGAPORE: The local dollar closed stronger at 552.1435/45 against the US currency compared with Thursday's 2.1470/80 close and at 5591.55/65 against the Malaysian dollar compared with 91.75/85. KUALA LUMPUR: The US dollar closed at 2.3410/ 28 and the Singapore dollar at 109.10/20. JAKARTA: The US dollar was fixed269 words
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Article223 1984-07-14 5 Interbank rates at 3pm quoted yeeterday c roaa parity change Local dollars to on* unit of foreign currency: US dollor 2.1430 2.1440 2 8196 -24.00 Sterling pound ***** 2 8215 7 3469 -61 64 Australian dollar 1 7969 1 7999 3 4286 -47 54 NZ dollar 1 3287223 words
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Article67 1984-07-14 5 THE OVERNIGHT rate eased by half-point to close at BV* per cent on the Singapore interbank money market yesterday. Term rates for the one, two and three-month maturities remained at Thursday's closing levels. S$ interbank rates at 3pm yesterday Offer Sid Overnight 8 1/4 8 1/8 1-month 867 words
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Article48 1984-07-14 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from July 16 to 20: Offend: $140,000,000. Applied for: $207,300,000. Allotted: $140,000,000. Accepted bids: $99.25 approximately 69 per cent; higher bids in full. Average rate af discount on allotment: 3.000 per cent per annum.48 words
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Article217 1984-07-14 5 Interbank deposit rates us$ OH«r Bid 7 day* 11 3/8 11 1/4 1 month 11 9/16 11 7/16 2 months 11 13/16 II 11/16 3 months 12 II 7/8 6 months 12 11/16 129/16 9 months 13 12 7/8 12 months 135/16 133/16 S Fr Middle p217 words
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Article263 1984-07-14 5 SINGAPORE Futures closed firmer in fairly active trading yesterday following the metal's recovery in overseas markets. December, the only traded position with a turnover of 618 lots, closed higher at U*****.50 an ounce against New York's 353.00 close. LONDON The morning gold fix yesterday was U*****.60 an ounce, up263 words
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Page 5 Advertisements
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Advertisement309 1984-07-14 5 The Other Digest The one that means business ■53 We don't blame you if you sometimes mistake us for the other magazine, the one that's been around a bit longer. After all, we both try to do the same thing: bring you reading matter in the most convenient and readable309 words
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FEATURES
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Article486 1984-07-14 6 A FEW YEARS ago in London, splendid chaps in the City sported neckties with a small picture of a pig and the acronym MCP it stood for Male Chauvinist Pig. It annoyed their wives, daughters, girlfriends and, more particularly, the feminists and women's libbers who486 words
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Article, Illustration722 1984-07-14 6 IT IS A violation of US political custom for anyone to campaign for the vice-presidential nomination, but Miss Geraldine Ferraro, the 48-year old congresswoman chosen on Thursday by Walter Mondale as his running mate for the November election, let it be known that she was available for722 words
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Article, Illustration391 1984-07-14 6 THERE IS A real life ET in Singapore and you can actually phone him, wrote a reader in an extremely rare letter to Zephyr. Having read about the company ET which found a new home (BT, June 7) Mr Shakib Gunn wrote a note to391 words
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116 1984-07-14 6 R M THEIN - R M THEIN Director Cm pen ft Lybrmad AiHitw Pte LM I REFER to the article on page 2 (Business Times, July 12), where reference was made to Coopers A Lybrand launching CPM service. I shall be grateful if a correction could be made to116 words
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Article1134 1984-07-14 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL 1 .ocatkM Won L»e 408A 14.7.84 2100 C Feeders FSB *****900 U3 Orient Winds 404 14.7.84 2359 Or Seawinds TA 3 1000-1200 P4 Yue Hope 46W 15.7.84 0400 Star Shpg TA 3 *****900/1400-16001,134 words
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Page 6 Miscellaneous
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Miscellaneous1213 1984-07-14 6 w am smio HIGHLIGHTS: Living heritages in Asia Carpet-making in Pakistan 8.03 pm, Channel 12 Pakistan's carpets are so exquisite and elaborate that they are often regarded as objects of art the "diamonds of the desert." This programme is filmed in Lahore, the centre of Pakistan's carpet-making industry. (30 minutes)1,213 words
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TIME-OFF
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313 1984-07-14 7 YAP BOH HOON - By YAP BOH HOON YOU'VE heard of golf widows, of course, lonely wives left in the clubhouse to gossip among themselves while their husbands chase a little white ball all over the place. Sometimes it takes a whole day to do313 words
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Article, Illustration1206 1984-07-14 7 BRIAN MILLER - Australia's men's hockey team, silver medallists at the 1976 Montreal Olympics, have begun their final push towards striking gold in the Los Angeles Games three weeks hence. They'll start as favourites and coach Richard Aggiss feels his team will pull through. By BRIAN MILLER THE1,206 words
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Page 7 Advertisements
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Advertisement139 1984-07-14 7 BUSINESS TIMES SPECIAL FOCUS ON (I S£ihs&9 iMirAfr. Mi < M ,'i < I ft it f'li i B The vital role of the offshore oil and gas industries in economic development in Malaysia will again be examined in a special survey to be published in the Business Times. The139 words
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Page 7 Miscellaneous
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Miscellaneous1206 1984-07-14 7 Wmrsm CONCERTS Music for everyone Hongkong Yip's Children's Choir, founded by Dr Yip Wai Hong in 1983. He is currently head of the Music and Fine Arts Department and dean of the Faculty of Arts at the Hongkong Baptist College. Besides teaching, Dr Yip also composes orchestral symphony works, string1,206 words
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INTERNATIONAL STOCKS
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229 1984-07-14 8 Reuter SOCIALIST millionaire Robert Maxwell yesterday bought the Daily Mirror newspaper group for £113.4 million and realised a longheld ambition to own one of Britain's leading papers. The group's owner, paper giant Reed International, said in a statement that it had accepted an unconditional cashReuter - 229 words
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168 1984-07-14 8 NYT INTEL CORPORATION, the California semiconductor maker, has reported earnings of U5554.6 million or 47 cents a share, for the second quarter ending June 30, up from $24.3 million or 22 cents a share for the same period last year. Revenues wereNYT - 168 words
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279 1984-07-14 8 UPI THE NEW YORK stock market, still reeling from ITT's surprise dividend cut, fell to a four-week low on Thursday when three rally attempts faltered in a climate of high interest rates. High-technology stocks came under attack following a Dataquest Inc survey thatUPI - 279 words
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Article151 1984-07-14 8 JULY 12 Abrtto C$ 26* knp CM Inco 34* 12* 29* -H Ale on AJgomo 35*4 20* Int Ut* InM Nkkal 23* Bank Mont Bank Nova Scotia 22* 10* Katr Add LoMo» B 16 14* •1 BP Can Ltd 24 Mau«y F«rg Mc BkxM 3* 24 unch inh Broscan151 words
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Article219 1984-07-14 8 JULY 12 l«d Trust Bk 240 1106 -5 INDUSTRIALS UniK Woohrorth 5006 ***** -10 A Afeho 175 MININGS A£ And O 800 2200 -15 AAi!? rOP 2850 Anglvaal l 5 Bhryoof* 1725 1900 •50 Buff* 6800 -100 unch Charter 370 -5 4506 Cora Gold 9IS6 Cora Mmh 1250 -25219 words
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Article710 1984-07-14 8 JULY 12 ACf MiaKm Aicon Ahjmm Alcoa Lud uss 26 33 20* Akad Cham Cp AM S)om Afe-Chaimart Am Brandi krtc Am Broodcott Am Can Co Am Cyonorrad Am Eiac Pw Am Expraia Am Horn* Prod Am Motor* Cp Am Notiral Gat Am Tal Tal Amoii tnc Amarodo710 words
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Article677 1984-07-14 8 Amsterdam JUtY 12 «i ABN 292 00-7 A agon 112 00 -3 5 ASotd 176 50 -1 5 Akio 79 80 -2 AA«V 153 00 1 Amfo* S4 SO -0 1 Baffc 3000 -09 Boh MOO -0 5 ***** 05 Botko Bkvtvt 64 50 -15 Catand 36 50677 words
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Article119 1984-07-14 8 Reuter THE BRITISH electronics giant, Thorn-EMI, bas reported a 28.5 per cent increase in pre-tax profits to £156.8 million in the year to March, compared with £122 million the previous year. The increase was in line with forecasts by analysts who had predicted profits of betweenReuter - 119 words
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Advertisement626 1984-07-14 8 id wim 9 Mm eitiseriaisi >3MM| v f jEr -T < lfllBBWBoBflBBß6p3B m ir.P The Tea Garden fVeserts a French Revolution My 5-2 i Voila! The best of French cuisine in the Tea Garden. Has there been a new French revolution? a We'd like to think so. I During July,626 words
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Advertisement160 1984-07-14 8 London stocks, f mtr*. m x c •4 g t** i 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 pm160 words
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ASIAN STOCKS
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Article278 1984-07-14 9 HONGKONG: Prices fell in fairly quiet opening trading yesterday overshadowed by the persistant weakness of the Hongkong dollar against the US currency and speculation about further increases in interest rates. The Hang Seng index closed 17.76 points lower at 746.02. Cheung Kong fell 15 cents to HK16.15, China Light278 words
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Article226 1984-07-14 9 JULY IS A1 Stfxtfi Indus Asm Comont Cathay Com Chang Hwa Bank Chan Loona NT 7 95 30 90 30 30 5650 26 00 -0 05 0.4 +0 1 -1 03 Lion Hwa Indus Nan Ya Ptas Pacific Cons Pacific Elact Wire Pootung Paper 13 20 31.50 32 60226 words
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Article354 1984-07-14 9 TOKYO: The market fell across the board in thin trading yesterday but closed slightly above day's low. Continued selling pressure, triggered by the fall on Wall Street on Thursday, and concern over a further lise in US interest rates accelerated the downturn. The market average which fell 84.72 on354 words
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Article82 1984-07-14 9 July )3 Won 681 -II Hymdoi Motor KAL 608 449 715 9 5 5 Chohoung Bk Commancol Bk Do*fcm lod MO 690 540 unch unch 10 Korea Oil Kor»o Ship 990 420 823 50 3 Do«woo Corp 485 650 30 10 Samsung Co 670 35 Dong Ah Go4d St82 words
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Article472 1984-07-14 9 AUSTRALIA: Sharemarkets closed steadier yesterday, as traders ignored the weaker trends on overseas exchanges. The AH-ordinaries index was 3.2 points higher at 669.0 points. National turnover was $40.44 million. Market leader BHP rose six cents to $9.36. A stronger gold price in Hongkong pushed Nuigini Mining up 40 to472 words
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Article110 1984-07-14 9 MANILA: Share prices closed mixed yesterday in dull trading, despite a slight improvement in metal prices overseas. The commercial and industrial index was down 0.28 at 127.00 and oils were up 0.009 at 0.708. The mining marker was unchanged at 999.53. BANGKOK: The market was closed yesterday. JULY 13110 words
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142 1984-07-14 9 Reuter WEST GERMAN carmaker Volkswagenwerk AG has signed an agreement with China to deliver a further 2,000 Santana saloons in kit form for assembly in Shanghai. A VW company statement said the completely knocked down kits follow earlier deliveries last year ofReuter - 142 words
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200 1984-07-14 9 AFP MANY JAPANESE enterprises have reviewed and augmented their investment plans, notably in high technology industries. According to the newspaper Nihon Keizai, NEXT aims to invest 125 billion to 140 billion yen, compared with the 110 billion yen originally planned. Matsushita ElectronicsAFP - 200 words
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272 1984-07-14 9 Reuter TOSHIBA CORP has forecast consolidated net income of 79 billion yen or 80 billion yen in the year ending next March, up 34 per cent to 35 per cent from a year earlier. Vice-president Yuichi Yamada says consolidated sales inReuter - 272 words
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Article38 1984-07-14 9 Reuter FUJITSU Ltd is seeking land to build a very large scale integration production plant in the US. The company will produce 256K bit dynamic RAM chips at the plant but gave no further details.Reuter - 38 words
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Page 9 Advertisements
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Advertisement98 1984-07-14 9 s®s <Sil M m s*S»rr »y; J* wiicie to wlite, 4i<i« «d «ni«rMia v»^ Jft Nony# f cia at the Luna. «•>»** $i2*pfjZ!Z2 a gnu t i*. *3> tLM Baron's Tabte Sunday Brunch... you 'll love it.' Give mum a break this Sunday and bring the family in for our98 words
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Advertisement117 1984-07-14 9 "Tv fit" horsushi. For teppanyaki. bor other authentically Japanese delights. I ft 'st rrti/;< >rp i lit i US V,«^ I i i'U *■»!1< "i*j lit >i i i ijLi: i| »< »iMING COURT HOTH«NGAPORE Conversations at Cafe Boulevard m* *iLi" m 'i fi 3ft Refreshing drinks. Good food. Under117 words
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Advertisement96 1984-07-14 9 COMK on .1 gourmet adventure beneath the starlit sk\ I tr\ SiiiuLiv h pin to I 1 pm I K>r t\*i> ">2M f or tour For mx >MS 0 ;A hnijc 'It'irurt' A rJelinoiiS ChoiCf ol 'rpsh mrj MJCCuk'nt Sfa'oml TVM? r) v'tjet.iNHS "ltd r >( boilmc} soup C(k'kef! .viri96 words
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Advertisement158 1984-07-14 9 The Harbour Grill presents "FESTIVAL L YON N A IS" Now till the 15th of July, French Master Chef Jean Fluery, from Lyon, presents a gastronomic adventure in the art of creative cuisine. a, a For the occasion, an exciting menu has been prepared. The selection includes Escalope of marinated158 words
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Advertisement152 1984-07-14 9 The Official J. T I I lAT I I :M 7 i: I L i The Official BALL >r ASSOCIATION ▼PAR BOOK r »i Vjr "»*»«X^«Or arv ri Sco«M $6.95 Times Jurong. No 2. Jurong Port Road Singapore 2261 lllTinies IU Dislributors HP 12 n goffee garden, we serve yoa152 words
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SHARE INFORMATION
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Article, Illustration4058 1984-07-14 10 AFTER two consecutive days of sharp losses, share prices on the Singapore stock market managed to gain some ground yesterday. The BT Composite Index added 1.23 points to 779.19 while the Straits Times Industrial Index tacked on a smaller 0.90 point to 968.16. The4,058 words
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Article226 1984-07-14 10 SINGAPORE Riao* Indicts SM 845 Heme M 4S0 MW Cor» S0« 265 0 S 790 Uofo. 50« 260 Um Com 220 Dwfeo Est 165 Falls M ComoM 705 liri»r» Kowof 470 NHii Hoot 392 Sal 290 »'*!■<» 218 ICootocfcy Sforo 440 WW 50, ISO CASH S0< 358226 words
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485 1984-07-14 10 SHARE prices closed slightly steadier for the first time this week at the Kuala Lumpur stock market yesterday, thanks to some late buying support. Turnover rose to 5.13 million units worth MJ13.91 million from Thursday's 4.81 million shares valued at 112.93 million. The485 words
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Article2908 1984-07-14 10 BID and offer prices officially Hated and Nisi noes in and reported to ttie Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in. lota of 1,000 unit* unless otherwise specified All Time Settlement Contract* are quoted after the word2,908 words
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Page 10 Advertisements
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Advertisement0 1984-07-14 10 )\-\&/^-=(%;!\>%=@*=*@+*_}(.*'+0 words
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COMPANY NEWS
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Article462 1984-07-14 11 CHAN MAY PENG - By CHAN MAY PENG SIGMA Metal Co Ltd, the listed aluminium products manufacturer, has successfully tendered for a number of large projects currently underway in Singapore. Sigma will be supplying a range of hardware products to the three hotels coming up in Marina Square. The hotels462 words
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Article337 1984-07-14 11 TRADING in the 33 million 50cent shares in Norseehem (M) Bhd will start from 10am on Monday, July 16 on a ready basis. The company has been admitted to the official list of the Stock Exchange of Singapore under the second trading section of the Industrial and Commercial337 words
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Article56 1984-07-14 11 Reuter HARRISONS Crosfield PLC said 1984 has started well and profits for all operating divisions are better than the same period last year, in some cases "quite materially so." The statement at the annual general meeting said the early months of 1984 augur well forReuter - 56 words
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488 1984-07-14 11 EXPANSION plans leading to a public listing are in the offing for the bumiputra-owned Safeguards group. From its humble beginning in 1967 as a security guards and cash-carrying company, Safeguards now offers a complete range of security services and systems. Plans are afoot to expand488 words
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Article2194 1984-07-14 11 810 and offer prices officially luted and bualneu In and reported to tbe Kuala Lumpur Stock Exchange yesterday, idth tbe number of share* traded shown in brackets In lot* of 1,000 unit* unlesa otherwise specified. INDUSTRIAL Alcom (2.088 2.1 OS) (I) 2.03 (4) 2.04 0)2.06(2)2.082,194 words
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328 1984-07-14 11 JACKS INTERNATIONAL Ltd aims to become a one-stop "supermarket" for the construction industry in South-east Asia, said group chairman Mr Tan Kay Hock in his latest annual report. He said Jacks is now committed to rationalising and expanding its product base as it views328 words
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Article109 1984-07-14 11 HONGKONG Australian Industrials Hang Seng Index Friday 949 2 Thursdoy 946.5 Friday 746 02 Week ago 939 7 Thursday 763 78 NEW YORK Week ago 822 86 Dow Jones TOKYO Thursday 1104.57 Wednesday 1108 55 Tokyo Dow Jones Week ago 1124.56 Fnday *****.12 Standard and Poors Thursday *****109 words
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Article, Illustration240 1984-07-14 11 CHART PfjINT By HOCK LOCK SIEW EVER since the spirited rally in early February when Duta Consolidated leapt to an all-time high of $1.89, the counter has been looking for an excuse to go up. This it has been doing by breaking free ofBy HOCK LOCK SIEW - 240 words
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Article225 1984-07-14 11 Monogers' prices for July 14 16 Singapore Unit Trust The Commerce 3 04 3 23 The Savings Fund 1 86 1 97 S'pore Prog Fund 135 1.43 S'pore Sec Fund 2 06 2.19 S'pore Invest Fund 1 09* 115* Spor e Equity Fund 1.34 1 42 Asia Unit225 words
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Article880 1984-07-14 11 THE market closed mixed yesterday, but above its lows, lifted by buying for the new account which starts on Monday, Wall Street's firmer opening and the rise in sterling, dealers said. At 3pm, the FT-SE 100 index was up 1.2 points at 992.6, having slipped to 987.9 at880 words
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Page 11 Advertisements
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Advertisement21 1984-07-14 11 The New ENCYCLOPAEDIA BRITANNIC A 3 the only reference standard accepted in a court of law. Call STP Distributors Tel: *****28/*****4421 words
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572 1984-07-14 12 ALVIN TAY - By ALVIN TAY HOUSING LOANS granted by finance companies rose by only $7.9 million to $1.3 billion in May the smallest monthly increase in about two years reflecting the houses' cautious lending activities as well as the depressed property market. Car financing registered572 words
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330 1984-07-14 12 1 TOTAL BANK loans in Singapore fell by $306 million in May the first drop in eight months after a hefty $1 billion jump in April. The main cause of this, according to bankers, was the sluggish stock market which began to330 words
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264 1984-07-14 12 FIXED DEPOSITS, which account for about 90 per cent of finance companies' total deposits, recorded their third consecutive monthly decline to $4.13 billion at end-May. With savings deposits remaining almost stagnant at the $190 million level, the $12.3 million drop In fixed264 words
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Article219 1984-07-14 12 FARMERS WILL continue their pig (arming activities in Singapore. Mr Kwek Theng Swee, general manager of the Singapore Animal Husbandry Enterprises, said yesterday that pig farmers would not consider investing abroad as long as they are allowed to continue in Singapore, even if foreign investments prove219 words
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Article, Illustration370 1984-07-14 12 THE LITTLE "napalm girl" of Vietnam is now a woman but searing headaches still strike her constantly and the scars on her body throb with heat periodically. It was 12 years ago that Kim Phuc was photographed fleeing naked down aAP pictures. - 370 words
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Article126 1984-07-14 12 THE NEW ZEALAND government has given a grant to Funcinpec, the resistance group led by Prince Norodom Sihanouk. Amounting to NZ$l5,OOO, the money is for the New Zealand embassy in Thailand to buy food and other equipment such as cooking utensils after consultation with Funcinpec representatives.126 words
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Article64 1984-07-14 12 ORCHARD TURN, the slip road from Orchard Boulevard to Orchard Plaza, is closed to traffic for repairs until further notice. The Mass Rapid Transit Corporation said cracks on the temporary support walls around the Orchard Boulevard Station construction site have affected the slip road. Motorists64 words
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293 1984-07-14 12 AS THE INCOMES of Asean countries grew, the United States may be more tempted to re-classify the countries and deprive them of the advantages and privileges granted to a developing country. But Professor Tommy Koh, who will be replacing Mr Punch Coomaraswamy293 words
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Article53 1984-07-14 12 WALL Street stocks advanced in early trading yesterday, propelled by an oversold technical condition and firmness in the bond market. The Dow Jones Industrial Average climbed more than 7Vi points to 1112.30, while NYSE advances outnumbered declines by more than a two-to-one margin. American stock exchange prices53 words
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LATE FILE
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Article55 1984-07-14 12 Reuter IRAQ said its fighter planes hit two oil tankers south of the Iranian oil terminal of Kharg Island in the Gulf yesterday. An Iraqi military spokesman said on Baghdad Radio the two targets were "directly and effectively hit" and that all the Iraqi planes returnedReuter - 55 words
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Article69 1984-07-14 12 Reuter THE Soviet Union yesterday accused a visiting Japanese businessman of espionage and expelled him, saying that he had photographed defence establishments. The Soviet news agency, Tass, said Takashi Kuriyama had photographed the facilities during trips to the Soviet Union. But the Japanese embassy in Moscow saidReuter - 69 words
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Article85 1984-07-14 12 UPI WHOLESALE prices stayed the same in June for the third consecutive month as less expensive food and petrol balanced increases for cigarettes and jewelry, the US Labour Department said. The once-rare zero rate of change in the department's producer price index for April, May andUPI - 85 words
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Article65 1984-07-14 12 AFP SOVIET girl university students were told yesterday to beware of foreigners especially British, French and American on their university campuses. The weekly Literaturnaya Gazeta warned that many foreign students were really in the pay of Western intelligence services and had been sent to the Soviet Union toAFP - 65 words
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Page 12 Advertisements
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Advertisement99 1984-07-14 12 COCOA MANAGEMENT Two energetic professionals with several years of Senior Agricultural Management experience are sought for appointments in Papua New Guinea. Positions are being established with the aim of providing comprehensive management services to the plantation and smallholder sectors. Proven abilities in administrative accounting aspects are deemed as important as99 words
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Advertisement5 1984-07-14 12 Ways to attract customers, Paga25 words
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Advertisement610 1984-07-14 12 K TIMES CONFERENCES TOI» 11:\ I I o\i I.imm i: u\ STRATKCiY FOR THE BUILDING INDUSTRY I\ TIIK I!t<tos :t \i <.i sr. i!»si MM. WORK CONFERENCE TOPICS BUILDING FOR THE FUTURE: IDENTIFYING THE PRIORITIES PROSPECTS FOR CONBULTANTB AND CONTRACTORS IN THE INOt TRANSFER OF TECHNOLOGY MAKING IT WORE EXPORT610 words
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Page 12 Miscellaneous
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Miscellaneous55 1984-07-14 12 Outlook for todoy: Fair except for showers ovor o few oreos in mid-afternoon. Report for 24 hours prior to 7.30pm on July 13 at the airport: Maximum temperature 32.1 Associated humidity 59 Mininiuni ttf^pcrotu23 2 Associated humidity 96 Hours of sunshine 10.50 Rainfall in millimetres Nil RamfoU this month 10.055 words
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