The Business Times, 20 October 1984

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, OCTOBER 21, ISB4 60 CENTS
    12 words
  • 817 1 Malaysian defence expenditure and duty on luxury foods to be reduced Agencies MALAYSIAN Finance Minister Daim Zainuddin yesterday announced a surprise package of tax cuts and a huge cuts in expenditure, particularly for defence and internal security. Mr Daim, a millionaire businessman who took over
    Agencies  -  817 words
  • 554 1  -  By RAY HEATH AN APPEAL against the expulsion of merchant bankers Jardine Fleming (Singapore) appears to have been headed off by the publication of documents between the bank and the Monetary Authority of Singapore. Although a reversal of the MAS decision to withdraw its
    554 words
  • 234 1 UPI AMERICA'S gross national product increased only 2.7 per cent in the July-September quarter, a dramatic slowdown from the second quarter, the Commerce Department said yesterday. The slowdown was caused in part by a record drop in export sales and consumer lethargy.
    UPI  -  234 words
  • Article, Illustration
    84 1 A RALLY ON the overnight New Yerk market aad leaks tf a painless Malaysian budget led bolls te demlnate trading at the lecal stack market yesterday. As a result, the BT Composite Index went op by 1.47 points to close at 77t.7f, while the ST Industrial Index climbed
    84 words
  • 330 1  -  By JOANNE YAP SINGAPORE'S trade deficit could dip below $10 billion this year, making it the lowest since 1979 if current trade patterns hold. The September trade deficit was only $443 million, as imports fell against a slight rise in exports. This brought the trade deficit
    330 words
  • 443 1  -  By LEE HAN SHIH DEVELOPERS are seeking permission to delay payment for land purchased from the Urban Redevelopment Authority (URA), a move that could save them hundreds of millions of dollars in interest. They are also seeking permission to delay commencement and
    443 words
  • 109 1 UPI THE SOVIET UNION, has dumped about US$l6O million in polished diamonds on the market this year in an apparent attempt to raise cash to pay for increased grain imports expected to follow a fifth straight bad harvest. The Los Angeles Times yesterday quoted sources in the
    UPI  -  109 words
  • Page 1 Advertisements
    • 170 1 [•ASIA #94 V TECHNICAL CONFERENCE\ 'AND WORKSHOP SESSIONS Eminent technologists from 10 countries presenting the latest in electrical electronic engineering For more information, call:INTERFAMA PTE LTD Tel: *****12 1 YAMAHA CARBON COMPOSITE CLUBS. Proven tops in scientific tests. Mf 1 1 M J iUJ Tests carried out by a Swing
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    • 281 1 Malaysian oconomy •xpactad to •low down Pago 4 wm SHARE INFORMATION 10 RAW MATERIALS 5 MONEY EXCHANGES 5 ABOUT 150 distributors and retailers of music tapes, many of whom also sell pirated copies, turned up to listen to recording companies' plans to improve the sale of original tapes and weed
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    • 101 1 Full report, Pag* 10 Asian stocks, Pago 9 International stocks, Pago 8 In (Hie month they saved a company 250 cheques, 60 reminder letters, 72 man-hours and 2 headaches. And they did it free of charge. The Hongkongßank Action Team The Hongkongßank showed that company Ixw to make regular col
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    • 29 1 South East Asia's sth Bienntal International Electrical Electronic Engineering Exhibition 23 27 October 1984 World Trade Centre SINGAPORE An Interfama organised show Tel *****12 Mr Teh'« apaach, Back Page
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  • HOME NEWS
    • YESTERDAY IN PARLIAMENT
      • 552 2  -  By FOO CHOY PENG THE GOVERNMENT will try to be as flexible as possible when it processes work permits, Professor S Jayakumar said yesterday. But the Labour Minister said this would be done strictly within the constraints of Singapore's long-term policy of phasing out unskilled
        552 words
      • 196 2 THE HOUSING and Development Board will not consider offering standard floor finishes for new flats. This was because standard finishes cannot satisfy buyers who would rather select the finishes themselves. The Minister for National Development, Mr Teh Cheang Wan, said this when replying
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      • 206 2 THE GOVERNMENT did not initiate nor direct the recent proposed merger of the two newspaper publishing houses. Minister for Culture S Dhanabalan said yesterday. But when the idea came from the two companies, Times Group and Singapore News and Publications Ltd, the government did
        206 words
      • 92 2 SINGAPOREANS will soon have their own internationalclass indoor stadium. Estimated to cost $45 million, the proposed indoor stadium will have a capacity for 15,000 people. It will be situated in Kallang Park, near the National Stadium. The arena can accommodate two basketball courts and eight
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    • 640 2  -  By JOHN LIM ABOUT 150 distributors and retailers of music tapes, many of whom also sell pirated copies, turned up to listen to recording companies' plans to improve the sale of original tapes and weed out the illicit trade. But while the
      640 words
    • 362 2  -  By QUEK SWEE PENG THE FAR East has been given the first look at a new range of Car tier leather products ahead of Europe and the US. Asia is Cartier's second largest market after Europe. Miss Marie-Christine Noury, the product
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    • 331 2 THE OVERSEA-Chinese Banking Corporation, which is fast shedding its conservative image, has taken the lead in implementing the "office of tomorrow" concept. It is subscribing to Telecoms" Direct Inward Dialing (DID) and the Telebox elctronic mail system from Nov 1, becoming
      331 words
    • 224 2 BUILDERS can tap a wealth of knowledge on new building techniques when the Technical Advisory Services Unit (Tasu) starts work on Dec 1. The unit, to be set up by the Construction Industry Development Board (CIDB), will provide information on building techniques such as prefabrication
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    • 324 2 Seminars and courses DURATION TITLE VENUE ORGANISER Oct 20 Oct 21 -Nov 2 Oct 22 Oct 24 Oct 24-26 Oct 24-Dec 28 Oct 25-27 Oct 26 Oct 27 Oct 27 Oct 27-31 Latest Amendments To The Employment Act Compony Directors' Programme Value Analysis Office Automation Seminar Introduction To Low
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    • 118 2 TWENTY-SEVEN local companies will form a national stand at the forthcoming Asean Trade Fair '84 in Bangkok. The companies will display a wide range of high quality products and services which include machinery, computer software, electronic components, consumer electronic and electrical
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  • Page 2 Advertisements
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  • OVERSEAS
    • 513 3 AFP, UPI MILITANT transport unions yesterday threatened to cripple urban centres across the Philippines with a one-day strike once new oil price increases take effect, following the latest drop in the peso's value. The warning was one of the first signs of backlash to the new
      AFP,; UPI; AP photo  -  513 words
    • 98 3 AFP HITACHI Ltd, a major Japanese electric machinery maker, has developed a robot which can recognise obstacles in the way by itself, circumvent them and move along at a man's normal walking speed. 1 The computer-controlled intelligent mobile robot is equipped with a television camera to
      AFP  -  98 words
    • 228 3 AP THE JAPANESE government i may soon lift sanctions against < North Korea adopted last year i following the terrorist bomb at- tack on South Korean government officials in Rangoon. The sanctions, announced i last Nov 7 after a Burmese court blamed the Oct 9
      AP  -  228 words
    • 340 3 Reuter TAIWANESE Premier Yu Kuohua yesterday rejected a proposal by a Member of Parliament for China and Taiwan to form a "Chinese confederation", each with independent Internal, defence and diplomatic policies. The proposal by Fei Hsi-ping was the boldest move by a Taiwanese politician since the Nationalist
      Reuter  -  340 words
    • 90 3 UPI AN INDIAN state health minister has recommended a psychological method of birth control having husbands witness the pain their wives suffer in labour and delivery. The Maharashtra Health Minister, Dr Lalita Rao said the method would be included in a circular to be sent
      UPI  -  90 words
    • 458 3 AFP AFTER NEARLY two decades of fighting, Thai authorities are closing the book on a communist guerilla movement which was once one of the most powerful in South-east Asia. "The war with the communist party is now over and what has been left is even
      AFP  -  458 words
    • 387 3 ECONOMIC and social cooperation among Asean countries strengthened further in 1964. It also saw the admission of Brunei as the sixth member. The Treasury economic report for 1964/85 says meetings were held to seek greater cooperation in areas such as trade
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    • 805 3 Bernama WITH A MODERATE and less vigorous growth outlook for the world economy in 1985, the Malaysian economy next year is expected to slow down slightly, according to a report tabled in parliament yesterday. Gross domestic products (GDP) is expected to
      Bernama  -  805 words
    • 233 3 Bernama A TOTAL OF 149 bumiputra projects were approved in the first seven months of this year, compared to 56 projects approved in the same period last year, according to the Treasury economic report 1964/85. The called-up capital of these projects increased by 109
      Bernama  -  233 words
    • 87 3 Reuter AUTHORITIES in Jakarta have banned all signs, posters or billboards written in any language except Bahasa Indonesian from public display in the city. A spokesman for the Governor of Jakarta said anyone using foreign languages on signs would be asked to switch as part
      Reuter  -  87 words
    • 254 3 AFP, Bernama THE VIALAYSIAN Parliament yesterday threw out an opposition motion calling for a royal commission of inquiry into the billion dollars Bumiputra Malaysia Finance (BMF) loan scandal in Hongkong. The government and the opposition, led by the Democratic Action Party (DAP), agreed that those responsible
      AFP,; Bernama  -  254 words
    • 121 3 Reuter TAIWAN has said it will ease some of its strict investment rules to offer more incentives to Hongkong investors. A spokesman for the Economic Ministry's investment commission said on Thursday that the government would approve a new investment package soon to give
      Reuter  -  121 words
    • 48 3 Reuter TAIWAN has temporarily shelved plans to set up a free trade zone due to security and economic considerations. Wang Chao-ming, vicechairman of the Council for Economic Planning and Development, said Taiwan was reluctant to lift its foreign exchange and immigration controls. Reuter
      Reuter  -  48 words
    • 785 4 General slide in prices expected NYT NIGERIA cut the price of its major oil grades by US$2 a barrel on Thursday, to $28, becoming the first member of the Organisation of Petroleum Exporting Countries to break the official price structure set 18 months
      NYT  -  785 words
    • 164 4 AFP A LEADING US banker yesterday described exchange rate swings of the magnitude recorded this year as "destructive" and implicitly criticised the US Treasury's policy of intervening on the markets only in exceptional circumstances. Mr Dennis Weatherstone, chairman of the executive committee of Morgan Guaranty
      AFP  -  164 words
    • 65 4 Reuter AN INVENTOR who said the US Golf Association prevented him from selling a ball which limits hooking and slicing has won damages of US$4.2 million in a lawsuit. Mr Daniel Nepala patented his golf ball, which has a special dimple pattern, in 1974. He
      Reuter  -  65 words
    • 356 4 Race to Mm White House Reuter DEMOCRATIC presidential candidate Walter Mondale was loudly booed and President Reagan cheered on Thursday night at the annual A 1 Smith dinner given by the Roman Catholic Archdiocese of New York. Mr Mondale was booed for
      Reuter; UPI  -  356 words
    • 209 4 Reuter WEST GERMANY'S leading nuclear Physics Research Institute has released the findings of a study which it said could save the nuclear power industry billions of dollars. The prestigious Max Planck Institute said researchers at its Heidelberg Institute for Nuclear Physics had for
      Reuter  -  209 words
    • 137 4 Reuter THE WEST GERMAN economy has regained momentum after this summer's strikes and GNP is now rising at an annual rate of about three per cent, Bundesbank president Karl Otto Poehl said. He told a press conference after Thursday's meeting of the Bundesbank policy-making council
      Reuter  -  137 words
    • 159 4 UPI IRAN claimed yesterday that its troops were in control of key positions in strategic mountains on the Iraqi border after fierce new fighting in the Gulf war. But Iraq, defending the shortest route through the hills from Iran to the capital of
      UPI  -  159 words
    • 250 4 Reuter THE Irish Republican Army (IRA) warned that it would launch further strikes against the British government similar to last week's bomb blast at a seaside hotel in Britain which killed four people. In an interview with Republican News, the weekly paper of the IRA's
      Reuter  -  250 words
    • 502 4 UPI EUROPE came close to shutting out the United States in Nobel prizes this year and for the first time in 10 years the physics award will not go to an American. Since 1945, the United States had dominated the Nobel awards, winning 128
      UPI  -  502 words
    • 261 4 UPI SECRETARY -GENERAL of the United Nations, Javier Perez de Cuellar, complained on Thursday that many UN member states "pay as little as possible, as late as possible" of their share of the world organisation's budget. Addressing the General Assembly's budgetary committee, Mr
      UPI  -  261 words
    • 483 4 UPI PRESIDENT Reagan ordered the CIA to investigate an agency booklet suggesting Nicaraguan rebels assassinate senior officials, and a Reagan aide said a "freewheeling free-lancer" was probably at fault. In a statement that noted US participation in assassination plots was forbidden by presidential directive,
      UPI  -  483 words
    • 135 4 AFP YASSER Arafat is "politically dead"and Mrs Ceausesco is virtually boss of Rumania were among the unorthodox views expressed at a party ideological seminar in Moscow, which also denounced North Korea's "personality cult" of President Kim D Sung. The three-day seminar for Communist Party cadres
      AFP  -  135 words
    • 747 4 ARRIVALS Operator Service Local From number tune PAA PA5 0020 JFK/SFO/HKG CAL CI331 0150 TPE MAS MH68I 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH601 0905 KUL SV SV386 0910 JED/RUH MAS MH67I 0935 KUL MAS MH8I1 0940 PEN CAL CI806 0945 HLP
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  • Page 3 Advertisements
    • 141 3 Enjoy i' ;< > tv* aim The Businessman's Holiday Package Ijfe can be just that little hit more enjoyable when yon book into Fencings finest business resort. Whether you re here for business or pleasure, alone or with your family. For the standard room rate, single or double, Orchard Sun
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  • BANKING AND FINANCE
    • Article, Illustration
      704 5 SINGAPORE: The local dollar closed easier yesterday at 552.1685/1700 against the US currency compared with 2.1665/75 on Thursday, at 5527.70/75 against the Hongkong dollar compared with 27.65/70 but was little changed against the ringgit at 5589.70/ 90.00 compared with 89.65/90.05. The US dollar closed lower against most major
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    • 240 5 Interbank rates at 3pm CUfTfKCiM Nominal rata* si quoted yaatarday nrthtonlM sroea parity change Local dollars to on* unit of foreign currency: -23.16 US doNor 2 1665 2 1675 2 8196 Sterling pound 2 5824 2 5858 7 3469 -64 85 Australian dollar 1 8068 1 8087 3
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    • 53 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued on Oct 22 and from Oct 24 to Oct 26. Offered: $130,000,000. Applied for: $175.000,000. Allotted: 1130,000,000. Accepted kids: $99.25 approximately 75 per cent; higher bids in full. Average rate of dbetut •a altetmeat: 3.010 per
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    • 320 5 Reuter A NEW ruling by the US Internal Revenue Service (IRS) has again set international underwriters scurrying for legal advice because of a threat it poses to certain Eurobonds already issued by US corporations. The ruling imposes the 30 per cent US withholding tax
      Reuter  -  320 words
    • 220 5 Reuter BANK of England governor Robin Leigh-Pember-ton has answered critics of the central bank's rescue of Johnson Matthey Bankers (JMB), saying the cooperation of private banks in similiar episodes in the future should not be taken for granted. In a speech fa-
      Reuter  -  220 words
    • 369 5 BA Futures Inc EURODOLLAR futures opened sharply higher yesterday following a strong rally in Chicago. Futures prices were boosted by low federal funds rate and the larger than expected drop in US money supply. Traders are now of the view that the Federal Reserve has eased its monetary policy.
      BA Futures Inc  -  369 words
    • 120 5 THE OVERNIGHT rate rose by -point to close at 8 per cent on the Singapore interbank money market yesterday. The one-month term rate eased by 3/16-point, while the two- and three-month maturities fell ■/fc-point each compared with Thursday's close. S$ interbank rates at 3pm yesterday cm.f Bid Overmght
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    • 240 5 DEPOSIT RATES closed sharply lower yesterday compared with Thursday's levels in moderate trading. The market was depressed by a weaker US Fed funds rate and a larger than expected decline in US M-l money supply figures. Weekend and week fixed closed at 9-3/4 9-5/8 and 10-1/8 10,
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    • 242 5 HONGKONG The market closed a shade softer yesterday compared with the New York finish in moderately active twoway trading here. The metal's price is now dominated by two factors, the strength of the US dollar, and lower crude prices, which tend to discourage buying interest. Gold closed at U*****.40
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  • RAW MATERIALS
    • 150 5 Chinese Produce Exchange (S«tl«rs' noon dosing prices on Oct 19. SS/100 kg) Coconut oil Bulk FOB 195 00 Old drum FOB 208 00 Now drum FOB 212.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW B W FOB NSW Gambier FOB NSW 502 50 363 00 256 00
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    • 289 5 Singapore A-l special C-l special C-l Ordinary 222 unq unq (S$/Mo, ex-godown) Thai white Loonzam 100% 100% 1st class first grade (kangaroo) 100% second grade 255 r>ew crop 1 03 100% third grade unq 00% 2nd class 100% 3rd class 0.73 0.71 Parboiled 5% 247 242 25% new crop
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    • 320 5 SINGAPORE The market closed lower yesterday with November One RSS buyers quoted at 175.00 cents per kg, down 1.75 cents from Thursday. The morning session lost 1.75 cents following market talk that the Malaysian government might abolish its rubber export duty. In the afternoon, values were unchanged throughout as
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    • 130 5 MALAYSIAN crude palm oil prices closed easier on light liquidation in thin trading yesterday, as operators were reluctant to take up fresh positions ahead of the budget. October deliveries in the central region fell Msls to $1,115 per tonne while central eased $12.50 to $1,117.50. The refined market
      130 words
    • 92 5 THE Kult Lompar Tin Market price yesterday remained at the laternatlenal Tin Agreement (leer-level prlee ef Ms2t.is per kg. The buffer steck manager teek all the dispesals. Turoever was CI tennes against M en Thursday. The KL tin market's premium ceatinues te held arennd Ull per tenne as
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    • 165 5 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 3,350 Blue Phoenix 20'» 3,500 Blue Phoenix 32's 3,800 Blue Phoenix 40"s 4,150 Corded yarn, hank Blue Phoenix 21's 3,550 Combed yarn, cones Blue Phoenix 32's 4,850 Blue Phoenix 40's 5,000 Open-end yarn Blue
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    • 358 5 RAS prices (in S cents/kilo, FOB in bales) NOON CLOSE Buyers Sellers Buyers Sellers 4nt 1 RSS prompt 173 00 174 00 173 00 174 OON Int RSS Nov 175 00 175 50 175 00 176 00 Int 1 RSS Dec 177 25 177 75 177 00
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    • 108 5 (cents/kg, 1-ton I > 0 Z 1 December (current mth) (forward mth) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 172 00 *****N ***** 175.00N SSR 50 170 00 172 00N 171 00 I7300N MRELB Buyers Sellers Buyers Sellers SMR CV ***** 205 50N 205 50
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    • 58 5 WHEAT FUTURES rallied from early lows to close mixed on Thursday on the Chicago Board of Trade. Prices ranged from up cent per bushel in March to off '/< in new crop September. December was held to a 2'4-cent range on the day. Trade talk of tighter supplies of
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    • 54 5 SOYOIL futures closed 0.17 to 0.75 US cents per lb lower on the Chicago Board of Trade on Thursday. Meal ranged from down $0.90 per ton in August to up 0.50 in thinly-traded September. Heavy selling in December soyoil by C and D Commodities, after buying at the opening,
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    • 739 5 COFFEE Robusta futures at midday yesterday were £18 to £5 a tonne below Thursday's close after light profit-taking erased some of the gains scored this week on concern over tenderable supplies for November and sterling's weakness. November traded around £2,537, down £8, in subdued pre-weekend dealings. November dipped
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  • TIME-OFF
    • 476 6 SO NATURALISTS observe, a flea hath smaller fleas that on him prey. And these haw smaller fleas to bite 'em. And so proceed.. .ad infinitum. This was a reasonable observation on the state of nature at the time it was written. In the twentieth century,
      476 words
    • 570 6  -  By JEFFREY TSANG CARS with small engines have never been associated with speed. So, in the past, buyers have had to accept a trade off between larger sporty cars or smaller boring ones. Nevertheless, manufacturers have always dreamt of producing the small yet sporty car a
      570 words
    • 850 6 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Foochow 25/6 Sin Chlao alongside 20.10.84/0600 Iwerl 20W Pelni alongside 20.10.84/0600 Jenson IV 22 T Soon alongside 20.10.84/2300 Mendoza 35/6 Borneo alongside 20.10.84/2300 Set la Raja III 15/6 Enterlm alongside 20.10.84/1600 Siti Mid ah 27/8 S'pore Shpg
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    • 485 6 CONCERTS Tonight, the SSO features American pianist Jeffrey Swann. He started piano studies at the age of four and received his Bachelor, Master and Doctorate Music degrees from the Juilliard School. The programme he is playing includes Ping-Diao, a composition by local composer Poon Yew Tien. Victoria Concert
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  • Page 6 Miscellaneous
    • 280 6 w em mad) HIGHLIGHTS Saturday Night Movie The Fighter 10.40 pm, Channel 5 The future of Vietnam veteran Merle Banks (Gregory Harrison) and his father Henry (Pat Hingles) seems shattered when the local mill, which promises a bright future for them both, is closed. Despite Merle's aversion to violence and
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    • 250 6 CHANNEL 12 8.00 PM Openinf and Propamine Hfehfights folowed by Fifhter Plot Wings 8.30 Centrestafe Faerie Tale Theatre Thumbefina 9.25 Space Gaßeo Was Rifht 9.50 Late News (English) 10.10 Close CHANNEL 3 3.02 PM Quran Reading 3.07 Programme Summary 3.21 Sukaneka 4.25 Opah Menentang Badai (Part 2) 5.00 Faerie Tale
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    • 311 6 Brief MS Another Morning Another Show 7.M News and Weather Report 7.19 Morning Digest 1.2* Another Morning Another Show (cont'd) 7.51 Morning Financial News 7.4# Everyday Mandarin 7.46 Another Morning Another Show (cont'd) B.M News 8.11 Another Morning Another Show (cont'd) Ml News in Brief MS Another Morning Another Show
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    • 341 6 Paramor Sound Ml News in Brief IM Hits of Today 1M Track Chat 4.N News in Brief 4JS Say It With Music 4JI Vanity Fair S.M News in Brief Music My Way Ml News in Brief LN Music My Way (cont'd) f.SI In the Psychiatrist's Chair 7.M News and Weather
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  • Business Times 8th Anniversary Golf Competition
    • 718 7  -  Tricky Serapong course, on picturesque Sentosa Island, will be the venue for this year's Business Times Bth Anniversary golf championships to be held tomorrow. Altogether, 124 golfers including 12 top local professionals will be vying for honours in this 18-hole four-ball-best-ball competition. BRIAN MILLER
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    • 632 7 SIX THOUSAND, four hundred and forty five metres doesn't seem like a long way. We joggers can cover that distance blindfolded and even with the benefit of a blister! Actually, it is hardly 16 laps around the National Stadium track a distance Zola
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    • 243 7 ASIDE from the grand Mercedes Benz 190E, which will go to the golfer who knocks home an ace, the winning pair of the Business Times Bth Anniversary golf championships each stand to win an individual trophy, a 1.75-litre bottle of Johnnie Walker
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    • 611 7 TEE-OFF TIMES for tomorrow's Business Timet Bth Anniversary golf competition at Serapong Course, Sentoea. Ist Tee 7.44 am: Shamuri Sidek (PRO), Sonny Chuah (Carrier) 15, CB Ong (BA) 8, KS Seow (Island Dist) 19. 7.52: Ong Beng Bee (Sentosa) 6, Kazuhiro Sugaya (Descente) 16, Shimada (Chuo Senko) 22, Tan
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    • 423 7  -  By WALTON MORAIS REVENGE is sweet, so they say and Warren Golf Club's Vincent Seet will be hoping to have a taste of it on his home course this weekend. The 13-handicapper is thirsting for the blood of club compatriot Yeo
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    • 465 7 THE LABOUR shortage in Singapore seems to be worse than we thought: one employer has resorted to seeking workers of the unhuman kind. A recent job advertisement was asking for "animal technicians", "animal nurses" and "junior animal nurses". And, in line with Singapore's
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  • Page 7 Miscellaneous
    • 761 7 CRYPTIC PUZZLE ACROSS 9 Seem unhappy to cut the girlfriend in (4, 1, 4) 10 in difficulty or not, he's out to get the kitty (2, 3, 4) 12 In the outset, it's hard for you (4) 13 Is concocting a plot about the gun {6) 14 K non-leisure what
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  • INTERNATIONAL STOCKS
    • 234 8 Reuter AMERICAN Telephone and Telegraph (ATT) and Olivetti have agreed in principle to cooperate in making a broad range of personal computers and work stations. The companies described the agreement as a strengthening of their relationship in the personal computer/work station area.
      Reuter  -  234 words
    • 117 8 Reuter COCA-COLA is confident about its ability to acbieve strong earnings growth in the future. The company reported third-quarter earnings of U*****.3 million, up from $151.6 million a year earlier, on revenues of $2.07 billion, up from $1.83 billion. Third-quarter earnings per share were
      Reuter  -  117 words
    • 80 8 Reuter APPLE Computer Inc reported sharply higher fourth-quarter results and said that, as expected, it had begun to benefit from its product development and marketing programmes implemented during the year. Net income for its fiscal fourth quarter ended Sep 28 was US$3O.B million or 50 cents
      Reuter  -  80 words
    • 311 8 NYT STOCK prices soared on Thursday in very heavy trading, propelled mainly by growing enthusiasm over the recent cuts in energy prices and declining interest rates. The Dow Jones Industrial Average, which traded in a narrow range in the previous two days, increased
      NYT  -  311 words
    • 134 8 OCT It Abrtfa CS 31* Imp CM Inco 41* 14* unch Akon 37* 22 .*4 kit Pro* Wp* .Int Uts 20* Bank Mont 24* ■fH ilnft Kkck<4 16 •kk Bank Nova Scotia 13 18* BP Can Ltd Brascan 27* 32 Moixy F«rg Mc BkxM 3* 26* 16* inch unch
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    • 206 8 OCT IS M Trust 8k 205 100 unch -3 INDUSTRIALS UnMc 430 1350 unch -25 A Aipho Abercom A£ And O BUU 140 750B unch MININGS 2310 -10 310 10 6000 AMI? f0f> ***** 1735 25 1025 -15 Buff eh 7800 -TOO ***** 20 Charter 4406 CNA 190 -10
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    • 773 8 OCT IS us$ ACF Muilnn Alcan Alumh Alcoa Alaghany Lud Altd Cham Cp AM Storm AI»-Owtmar> Am Brandt he Am Broodcost Am Can Co Am Cyananwl Am EIk Pxi Am Expras* Am Horn* Prod Am Motor* Cp Am Natural Gat Am T«l A T«t Amox he Amarodo Hns
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    • 904 8 Amsterdam OCT IS Fk ABN A*gon 129 00 unch Ahotd 188 00 -05 Akzo 96 40 -0.2 AM£V 181 10 -04 Amfoi 65 70 0 2 1 Bart 43 00 -0 5 Bob 9950 «nch 272 50 inch Burt«t 6680 unch 32 50 -0 3 CaK 381 00
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  • Page 8 Advertisements
    • 581 8 am H 53 Ri Spectacular Double Bill Cedric Debbie i m-, Kathy Los Amors excitement hits ROBIN S TAVERN Two popular groups entertain from 5.15 p.m. onwards. A single group performs on Sundays and Mondays. <<TTiTTT> k> 25% discount /r- <§• on all drinks. Offers are valid during Happy Hours
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    • 136 8 London stocks, Pag* 11 V m Lounge Sip a glass of the world's finest wine, wt\ile you relax in the cosy ambience of The Lounge. Make your nights memorable with keyboard wizard, Danny Koh and our resident band. The Pintos Trio. happy Hours: spm-7pm, 25% off on all drinks. Cf^swn
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  • ASIAN STOCKS
    • 343 9 HONGKONG: Prices closed mixed to slightly higher in active trading yesterday. The market's undertone was strong, but the momentum did not gather strength yesterday as a result of profit-taking by small investors. The Hang Seng index closed 3.69 higher at 1,031.80 after being up nearly six points in mid-morn-ing.
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    • 228 9 OCT 19 NT Chem Indus 1890 0 1 Lien Hwo Indus 13 45 0 1 7 25 -0 15 Men Ya Ptas 30 00 -0 1 25 10 0 1 25 80 0 3 2580 04 Pacific Elect Chortg Hwo Bonk 55 00 -0 5 Wire 1850 02 19
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    • 354 9 TOKYO: Prices closed sharply higher yesterday after active trading was triggered by a yen recovery against the dollar and firmness in Wall Street. The market average briefly rose 105.33 in early trading, but came back to close 85.30 up at 10.845.17 after a 17.00 gain on Thursday, with the
      354 words
    • 76 9 Oct 19 Won Hyundai Corp 998 -5 Hyundai Motor 616 3 K AL 512 4 Bonk Seoul 656 unch 711 I Choheung Bk 622 +2 1282 unch Commercial Bk 675 1 425 unch 566 unch 785 -10 Daewoo Corp 483 2 720 •12 627 •8 840 ■10 Dong Ah
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    • 384 9 SYDNEY: Australian share markets closed firm yesterday as investors responded to a sharp rise on Wall Street and firmer bullion prices. The All-ordinaries index was 4.6 points higher at 748.6, the Allindustrials 6.3 up at 1091.3 and the All-resources 3.3 firmer at 483.8. Rises outnumbered falls by about two
      384 words
    • 133 9 BANGKOK: Stock prices closed lower in quiet trading yesterday. The Book Club index fell 0.04 point to 119.69. Turnover rose to 318,614 shares from Thursday's 118,018. OCT 19 Siam City Cement 436 2 S«om Credit Ayi/ttxjyo Ityv South As«o Ftbre And Trust Thai Commercial Bangkok Bank 214 unch Bank
      133 words
    • 135 9 MANILA: Share prices closed largely unchanged in dull trading yesterday and there appeared to be no impact from an announcement the day before by President Marcos that creditor banks had agreed to an economic recovery plan. The commercial and industrial index remained unchanged at 102.30 and mining issues at
      135 words
    • 56 9 AP KAWASAKI Heavy Industries has reached a basic agreement to supply small engines for mowing machines to Deere and Co, a major US agricultural machine maker. Japan's Kyodo News Service says that Deere and Co of Moline, Illinois, is interested in buying about 20,000
      AP  -  56 words
    • 281 9 Reuter THE AUSTRALIAN government's Foreign Investment Review Board (FIRB) will permit Reckitt and Colman PLC to proceed with its takeover offer for Nicholas Kiwi. Treasurer Paul Keating said the government had decided to raise no foreign investment policy objections to the
      Reuter  -  281 words
    • 168 9 FT SIXTEEN Japanese companies plan to form a joint venture group with American Telephone and Telegraph (AT&T) of the US so as to enter the telecommunications service area once it is opened to private business. A Mitsui official says a new company
      FT  -  168 words
    • 324 9 Reuter SELTRUST Holdings, a listed indirect unit of British Petroleum Co PLC (BP), is to be restructured under a scheme of arrangement which will leave its ailing mining operations wholly owned by BP Australia. Seltrust says under the scheme, existing minority shareholders will
      Reuter  -  324 words
  • Page 9 Advertisements
    • 551 9 ig: "v. W, i %*5 <£M'. M m T I I S3 ja s )r.s> t* zm The authentic taste of Japan. A Japanese manager Japanese Chefs A sushi counter. four teppanyaki griddles, a spacious a la carte restaurant and several tatami rooms. Open for lunch and dinner Set Lunch
      551 words
    • 96 9 M £.IXI I A ZTTTJ NOW OPEN FOR BUSINESS Where Peking Sichuan Cuisines Reach the Very Peak of Perfection. Where Every Dish is Carefully Created By Our Master Hong Kong Chefs. At the Cairnhill Hotel. Lunch time: 11:00 am 3:oopm Dinner time: 6:oopm 11:00pm 19 Cairnhill Circle Singapore 0922 Tel:
      96 words

  • SHARE INFORMATION
    • 4259 10 A POWERFUL Wall Street rally on Thursday, coupled with positive local leads sent share prices higher at the Singapore stock market yesterday. The BT Composite Index went up by 6.47 points to close at 770.70 while the Straits Times Industrial Index jumped 11.46
      4,259 words
    • 257 10 SINGAPORE Ria tes Indices M CaMa* 430 40 Gantmgs 510 +16 Gwmw 480 14 MTP 416 +14 TDM 233 +13 M B F Hhtgs 50« 228 +11 NST 680 +10 Mom9« Dra4g 565 +10 Oman Hap 362 +10 Paa-CI 50« 330 +10 S P Tartila 302 +10
      257 words
    • 466 10 AIDED by speculations of a favourable budget, share prices advanced across the board at the Kuala Lumpur stock market yesterday. Trading was fairly active with turnover breaching the eight million units level for the first time in the past few weeks. Turnover rose to 8.066
      466 words
    • 3481 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of I,ooo.unlU unless otherwise specified. AU Time SetUement Contracts are quoted after the word "SETT". Big
      3,481 words

  • COMPANY NEWS
    • 374 11 By HOCK LOCK SIEW YESTERDAY'S robust performance of the local stock market caused most stock charts to stage a U-turn in momentum, from falling to rising, and should point to more good times ahead. When a stock has been pushed forward (up or down) too fast,
      By HOCK LOCK SIEW  -  374 words
    • 98 11 HONGKONG Australian Industrials Hang Seng Index Friday 1091.3 Thursday 1085 1 Friday *****0 Week ago 1080 5 Thursday 1028.11 NEW YORK Dow Jones Week ago 983.14 TOKYO Thursday 1225.38 Tokyo Dow Jones Wednesday 1195.89 Week ago 1183 08 Friday *****.17 Thursday *****.87 Standard and Poors Week ago *****
      98 words
    • 855 11 THE MARKET yesterday closed sharply higher on Wall Street's continued upsurge and news that the UK coal board is willing to enter talks prior to the pit foremen's strike next week, dealers said. The FTSE 100 index at 3.30pm was up 23.6 at 1112.5 and the FT 30
      855 words
    • 396 11 GRANITE Industries Bhd, which is next in line to go public after Dayapi Industries (M) Bhd, has made a lastminute decision to withdraw its planned public share offer. Official approval has already been received for the company's proposed offer of 30.36 million shares
      396 words
    • 65 11 UNITED International Securities Trading (Pte) Ltd, a wholly-owned subsidiary of United International Securities, has increased its paid-up capital to $5 million by an issue of 2.5 million new shares of $1 each at par for cash to the holding company, with effect from Oct 17.
      65 words
    • 230 11 Monogers' prices for Oct 20 22 Second B'putro Third B'putro Fourth B'putro 4.91 408 4 47 496 4 13 4 52 Singapore Unit Trust Fifth B'putro Sixth B'putro 302 293 307 298 The Commerce 2 64 2 80 Seventh B'putro (A) 208 2 13 The Savings Fund 1
      230 words
    • 109 11 MALAYAN Banking Bhd said its share transfer book and register if members will be closed from Nov 15 to 19 for the purpose of determining shareholders' entitlement to its bonus 'and rights issue and the offer of unsecured notes. UNITED Interaatioaal Securities Lid said its unaudited consolidated net
      109 words
    • 652 11  -  By NAJEEB JARHOM JUST 10 days after disclosing move to cut down its Australian operations, local food-based giant Cold Storage Holdings PLC is withdrawing from its second biggest investment in the continent. With the decision to accept a cash offer for its
      652 words
    • 2893 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets In lota of 14)00 units unless otherwise specified. INDUSTRIALS Ajmomoto (3.765) Ale. Hldg xd Alcorn (1 SIB) (10)
      2,893 words
    • 191 11 TRACTORS Malaysia Holdings Berhad: 19th AGM on Oct 24, at 9.30am in Melati Room, 3rd Floor, Subang View Hotel, Subang Jaya, Selangor. BENTA Plantations Berhad: 62th AGM on Oct 25, at 10am in Melati I, 3rd, Subang View Hotel, Subang Jaya, Selangor Malaysia. TAIPING Consolidated Berhad: 44th AGM
      191 words

  • YESTERDAY IN PARLIAMENT
    • 412 12  -  By ALVIN TAY SMALL finance companies may have to increase their capital funds or merge in order to comply with the amended credit limits, said First Deputy Prime Minister Dr Goh Keng Swee yesterday. Like commercial banks, the 34 finance companies would be given
      412 words
    • 337 12  -  By SHAHRIR ARIFF THE MEMBER of Parliament for Anson, Mr J B Jeyaretnam, was yesterday challenged by two ministers to repeat what they considered an innuendo outside Parliament where he would not be protected by parliamentary immunity and where he could be subjected to a
      337 words
    • 224 12 A TASK FORCE is studying the proposal for a "blocking mechanism" to stop any future government from using Singapore's reserves which it did not accumulate, Prime Minister Lee Kuan Yew told Palriament yesterday. When details were finalised, a White Paper would be presented to Parliament
      224 words
  • 360 12  -  By LOH HUI YIN SINGAPORE'S spot oil market is in disarray following cuts in crude oil prices by producers earlier this week. Traders and buyers alike are taking an extremely cautious wait-and-see attitude as prices for crude and petroleum products skidded. Hardly any deals
    360 words
  • 193 12 MORE THAN 60,000 resettled squatters were paid compensation close to $510 million in the past four years. With the accelerated resettlement programme, there will be a smaller population of about 38,000 squatters scattered in the outlying areas of Singapore. These will be resettled within
    193 words
  • 324 12 SINGAPORE'S drinking water is safe and its quality is well within the World Health Organisation's (WHO) guidelines, the Public Utilities Board said yesterday. Responding to a study reported by two National University of Singapore lecturers on Wednesday that some drinking water
    324 words
  • 410 12  -  By LEE HAN SHIH PERMISSION to build tall buildings has mostly been given to sites surrounding Mass Rapid Transit stations, the Minister for National Development, Mr Teh Cheang Wan, said at a developers' dinner last night when he outlined the Urban Redevelopment
    410 words
  • 68 12 WALL Street stock prices continued to soar as investors continued to buy shares in companies that might benefit from lower oil prices. The Dow Jones Industrial Average, which rose over 29 points on Thursday, was up another 10 point to under 1236. Overall, gainers held about a
    68 words
  • LATE FILE
    • 53 12 Reuter THE Philippine government yesterday announced price increases of up to 17 per cent for petrol and other petroleum products following a drop in the value of the peso against the US dollar. The Board of Energy said the new prices would go into effect at
      Reuter  -  53 words
    • 45 12 AP JAPAN yesterday confirmed its plan to hammer out a set of tariff cuts and other market-opening measures by December to increase imports from developing nations. Products include marine and agricultural goods such as boneless chicken, shrimp and Matsutake mushroom. AP
      AP  -  45 words
    • 64 12 UPI FORD Motor chairman Philip Caldwell and United Auto Workers president Owen Bieber have written a letter to President Reagan asking him to seek a fifth year of Japanese car import limits. The unusual letter says increased sales of Japanese cars in the US would have
      UPI  -  64 words
    • 53 12 Reuter ISRAEL has eased its position on proposed troop withdrawal talks with Lebanon and is now ready to hold them on a military rather than a political level, an Israeli foreign ministry spokesman said yesterday. Israel has previously insisted that any contacts must be on a political,
      Reuter  -  53 words
    • 44 12 SOME 32,000 orange trees in West Sumatra have been hit by a virulent disease and will have to be destroyed soon. The Agricultural Department said another 158,000 erf the plants will have to be treated to prevent tissue degeneration.
      44 words
  • Page 12 Advertisements
    • 48 12 More Parliament reports on Page 2 Nigeria follows UK with oil price cut, Pago 4 M I i T TIMES Published by: TIMES BOOKS INTERNATIONAL Times Centre No 1, New Industrial Road Singapore 1953 Tel *****44 Telex RS2b7l3 BOOKS Telex: RSi international A member of The Times Organisation
      48 words
    • 539 12 mL t f.-'V ■UB& 7owc/ie /toss Darmawan Co. and R TIMES CONFERENCES presents A TOP-LEVEL CONFERENCE ON CORPORATE TAX PLANNING UNDER THE NEW INDONESIAN TAX LAWS 6 7 NOVEMBER, 1984, HOTEL BOROBUDUR INTERNATIONAL, JAKARTA, INDONESIA Supported by The Straits Times, Singapore's largest circulation English daily PROGRAMME CONFERENCE CHAIRMAN. Drs Budi
      539 words
  • Page 12 Miscellaneous
    • 62 12 VISIMim Outlook for todoy: Portly cloudy with showers over o few areas in the late morning and early afternoon. Report for 24 hours prior to 7 30pm on Oct 19 at the airport: Maximum temperature 31.0 Associated humidity 74 Minimum temperature 24.3 Associated humidity 95 Hours of sunshine 4.45 Rainfall
      62 words