The Business Times, 3 November 1984
1984-11-03
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The Business Times
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Title Section12 1984-11-03 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, NOVEMBER 3, ISM 60 CENTS12 words
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Article756 1984-11-03 1 MONICA GWEE, LUCY NG - Productivity attitudes: some managers show surprise, others are disappointed By MONICA GWEE, LUCY NG SURPRISE and disappointment were the main reactions from employers to a Times Publishing survey on productivity attitudes. BT asked managers in different sectors how workers saw themselves and their managers. The756 words
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420 1984-11-03 1 LOH HUI YIN - By LOH HUI YIN ALTHOUGH the Organisation of Petroleum Exporting Countries (Opec) has reached agreement to cut back oil production, crude oil prices are expected to remain weak. This is the opinion of spot oil market traders contacted by420 words
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279 1984-11-03 1 UPI MORE AMERICAN oil companies reduced their posted prices for high-quality domestic crude by up to US$l.5O a barrel on Thursday as Energy Secretary Donald Hodel told the industry that Opec was attempting to set artificially high oil prices. InUPI - 279 words
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122 1984-11-03 1 Reuter TAIWAN is to liberalise its economy to compete with China's economic reforms. Mr Chao Yao-Tung, chairman of Taiwan's Economic Planning and Development Council, told parliament yesterday that Taiwan was drawing up a long-term development project to ensure the island's economic growth. HeReuter - 122 words
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Article, Illustration68 1984-11-03 1 SHAKE price» etaei Mixed ea the Stagapere Sleek Market yesterday after mi attempt to rally la tke meratag. Market seattmeato are at preeeat gleemy. Maay market ebeerven felt tkat aay rally weald be *ert-llved, at maay laveetora take tke eppertoalty mt tke slightest aptara to eeiL Tke BT68 words
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Article313 1984-11-03 1 LISA LEE - By LISA LEE THE NUMBER of owners changing their HDB flats for new apartments has increased four-fold in the past five months. There are now 900 applications for resale approval every month, an increase of 700 from previously. The Housing and Development Board said yesterday that313 words
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164 1984-11-03 1 Reuter HONGKONG is likely to benefit less from the renewed US Generalised System of Preferences (GSP). US consular officials in the British colony said Hongkong shared 10 per cent of total exports to the US under the GSP in 1963, but added that theReuter - 164 words
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442 1984-11-03 1 AMY BALAN - By AMY BALAN THE ONCE-ALMIGHTY US dollar fell sharply against all key currencies yesterday as bearish sentiments swept over the foreign exchange markets. For the first time in nearly two months, the US dollar plunged below the psychological barrier of 3.0442 words
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89 1984-11-03 1 THE JURONG Town Corporation is investing $4 million in a two-storey clubhouse for its employees. Piling tender for the clubhouse will be called soon and work is expected to start early next year. The project is sched- uled for completion by late89 words
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Page 1 Advertisements
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Advertisement217 1984-11-03 1 MHMC-ASIA 35 S.E. Asia's 4th Int'l medical. Hospital Dental Equipment Technology Exhibition Conference 18th 21st April 1985 Dynasty/Hyatt Hotels Singapore For more information, call:- INTERFAX A PTE LTD Tel: *****12 The Big Name from H Japan's No. 1 Clubmakers H The Super Extra Correct Light Steal Shaft Woods and the217 words
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Advertisement297 1984-11-03 1 Chevron's takiom of QuH Oil may load to layoff of local A A l| B B A •tan, d®ck vQv Wm FINLAND'S largest commercial bank, Konsallis-Osake-Pankki, will play on active role in offshore fund management in Singapore, 'one of the toughest and most competitive banking centres in the world.' Page297 words
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Advertisement0 1984-11-03 1 ~$\/>"}.({_&"?@_)=*@!/?;!}!/<;]0 words
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Advertisement211 1984-11-03 1 lErsir. Sponsored by: SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention. Organised by: ©INTERFAMA PTE LTD Tel *****12 (10 Lines) Businessmen TTie Hongkongßank Action Team is just a call away The Hongkongßank Action Team. A group of highly trained men and women with special financial skills211 words
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HOME NEWS
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509 1984-11-03 2 SOH TIANG KENG - Merchant arm to start operations on November 15 By SOH TIANG KENG Banking Correspondent FINLAND'S largest commercial bank, Kansallis-Osake-Pankki (KOP), plans to play an active role in offshore fund management in Singapore, described as "one of the toughest and most competitive banking centres in509 words
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256 1984-11-03 2 YOUNG professionals were urged last night to volunteer their services to community welfare activities. Dr Ahmad Mattar, Minister for Social Affairs, also said that organisations which received volunteers should never take their services for granted because this would be the surest way to256 words
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159 1984-11-03 2 A CONVENTION-cum-incentive travel promotion organised by the Singapore Convention Bureau (SCB) is aiming for Japan once again. The SCB, with representatives from Singapore Airlines and four majpr hotels, will visit Osaka and Nagoya on Nov 7 and 9. The format for the promotion159 words
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Article, Illustration187 1984-11-03 2 TELECOMS will sell a miniature sheet of the six stamps issued on Aug 9 this year to commemorate Singapore's 25 years of nation building (*****984). The sheet, measuring 132 mm by 106 mm, with silver background, will be issued on Nov 23187 words
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352 1984-11-03 2 SWEDISH companies in Singapore are generally happy about their investments here. Mr Thage G Peterson, Sweden's Minister of Industry, said: "They are optimistic about their future here." Mr Peterson met several representatives of his country's business community here and visited some of their companies352 words
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Article338 1984-11-03 2 THE VOCATIONAL and Industrial Training Board is inviting applications for the part-time Industrial Skill Development courses under its Continuing Education and Training Programme. Registration is from Nov 14 to 16 at the various vocational institutes. For the National Trade Certificate Grade-2 course, applicants should be employed in338 words
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229 1984-11-03 2 THE PUBLIC Utilities Board (PUB) kicked off Productivity Month '84 with a skit and WIT presentation in a productivity campaign launching ceremony yesterday. PUB Teamy 5, a five-mem-ber team-finalist for next Tuesday's National Productivity Skit Competition, showed what "teamwork without tears" was all about.229 words
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144 1984-11-03 2 THE US election results will go "live" in Singapore on Wednesday, Nov 7. They will be telecast via satellite from New York on large screen TV via satellite from New York with American Broadcasting Corporation coverage from 10am to 1.30 am. This time span144 words
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357 1984-11-03 2 LEE HAN BHIH - By LEE HAN BHIH COMPUTERLAND of Singapore, one of the pioneer microcomputer vendors in the country, has taken a big step forward in software development. The company is exhibiting, for the first time, a series of four software accounting packages at the PerCompAsia 84 show at357 words
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Article262 1984-11-03 2 CUBIC 99, the first locally-de-signed and manufactured personal computer, was a hit at PerComp Asia '84, which ended yesterday. About 150 pieces of the computer were sold during the computer exhibition held at the World Trade Centre. Mr Sim Wong Ho, managing director of Creative262 words
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Article310 1984-11-03 2 A NEW HOME entertainment electronic product will be available soon in Singapore. Hwee Seng Electronics has imported a new generation videodisc system, called the Pioneer LD-700 LaserDisc player which will cost $1,960. The videodisc system works like the video tape system. It produces both picture310 words
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Article303 1984-11-03 2 Seminars DURATION Nov 1-2 Nov 1-3 and courses TITLE Personnel Cost Control And Manpower Planning Electronic Office VENUE Sheraton Hotel Hotel New Otaru ORGANISER Asian HighTech Institute Seminar Services Business Seminars Pte Ltd Nov 2 3 Nov 3 Nov 3 Nov 5 Nov 5 Nov 5 Nov 5-6 Nov303 words
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OVERSEAS
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498 1984-11-03 3 Reuter AFTER five massive votes against Soviet involvement in Afghanistan, Western governments are pressing for another high-turnout condemnation by the United Nations general assembly. They are worried that some non-aligned states, weary of what has become an annual ritual, may desert the WesternledReuter - 498 words
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439 1984-11-03 3 FT CHENA has revealed that it is maintaining extensive facilities for atmospheric nuclear testing despite international concern at the dangers of above-ground tests. A report by the official Xinhtia news agency has indicated that while China has switched the emphasis of its nuclear weaponsFT - 439 words
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Article, Illustration364 1984-11-03 3 UPI US SECRETARY of State George Shultz has said that "lingering questions", apparently involving the spread of atomic weapons, have delayed action on an agreement to sell US nuclear technology to China. Mr Shultz told the United Nations Association on Thursday that President Reagan reachedUPI - 364 words
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Article139 1984-11-03 3 Reuter THE ITALIAN Treasury Ministry has decided to fine domestic appliance manufacturer Industrie Zanussi SPA 200 million lire for infringing currency export regulations. Treasury Minister Giovanni Goria signed a decree fixing the fine at an amount 10 times greater than the 20 million lire recommended byReuter - 139 words
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378 1984-11-03 3 mmmmmmm* Rm9. tolfc* WMti N—— AP PRESIDENT Ronald Reagan of the US pressed on for a victory margin strong enough to swell Republican ranks in Congress, while Walter Mondale, cheered by a throng of 100,000 New Yorkers, insisted: "I can feel victory inAP - 378 words
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360 1984-11-03 3 AP PRICES FOR clothing are going up almost twice as fast as prices for other things Americans buy, and a group of retail chains .blames recent Reagan Administration restrictions on cheap imports, many of them from the Far East. The government's BureauAP - 360 words
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305 1984-11-03 3 AP CHINESE LEADER Deng Xiaoping says the arme<J forces remain beset by aging generals, narrow-minded thinking, incompetence, and overstaffing in spite of his military reforms. He also suggested that the air force should share some of its aircraft and pilots with the overburdened civilAP - 305 words
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Article236 1984-11-03 3 Reuter OPEC's oil quota cuts are unlikely to provoke a new global debt crisis but they are an undoubted blow to the hard-won progress of recent months. More worrisome is the prospect that pressure on oil prices will return in the spring at the sameReuter - 236 words
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221 1984-11-03 3 FT US STEEL Corporation, the biggest American steel producer, is preparing to submit charges against four non-communist steel exporting countries. The dumping and subsidies charges, mostly involving steel plate, will be levied against Sweden, Norway, Austria and Venezuela. The company will also file unfairFT - 221 words
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163 1984-11-03 3 Reuter THE JAPANESE, under increasing pressure by the Reagan administration, have taken a number of positive steps to tear down trade barriers, although major obstacles still remain, the US State Department said. In a report prepared with the help of the US tradeReuter - 163 words
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Article55 1984-11-03 3 Reuter JAPAN'S external reserves rose US$25B million to $25.70 billion at the end of October from $25.44 billion at end-September, the Finance Ministry said. Ministry officials said the rise from September was due to higher investment income, mainly from US treasury bills, and the relative lack ofReuter - 55 words
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110 1984-11-03 3 Bernama MALAYSIA plans to make use of satellites for atmospheric interferencefree communication between land and disasterstricken ships in its waters, Science, Technology and Environment Minister Datuk A mar Stephen Yong said in Kukup, Johore. Adverse atmospheric conditions frequently hampered properBernama - 110 words
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139 1984-11-03 3 Bernama THE MALAYSIAN government will conduct a study soon to monitor the monkey population in the country in a move to protect them from natural disasters. Science, Technology and Environment Minister Datuk A mar Stephen Yong said the study would cover breeding patternsBernama - 139 words
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Article58 1984-11-03 3 Reuter AUSTRALIA'S crime authorities will examine the business dealings of media tycoon Kerry Packer after an official inquiry on organised crime urged the start of criminal proceedings against him. The report of a Royal Commission on Crime also 1 urged that the shotgun death of a formerReuter - 58 words
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Article66 1984-11-03 3 Reuter CONTRUCTION spending in the US increased US$3.4 billion or 1.1 per cent in September from August to a seasonally adjusted annual rate of $315.3 billion. The Commerce Department said the rate at which new construction was put in place in higher than in September last year.Reuter - 66 words
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Article750 1984-11-03 3 ARRIVALS Operator Service number Local time From FT FT75 0055 JFK/ANC/NRT SIA SQII 0110 LAX/TYO PAA PA5 0155 JFK/SFO/HKG CAL CI333 0250 TPE RA RA408 0730 BKK/KTM MAS MH681 0820 KUL CV CV796 0845 LUX/AUH KAL KE624 0850 KUL MAS MH603 0905 KUL sv SV378 0920 JED/RUH750 words
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458 1984-11-03 4 AP HEADS OF state have arrived in New Delhi as preparations for Indira Gandhi's funeral reach their final stage. Soviet Prime Minister Nikolai Tikhonov will represent Moscow, and US Secretary of State George Shultz will represent Washington at the funeral today. Prime MinisterAP - 458 words
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142 1984-11-03 4 AFP THE UNITED STATES Secretary of State George Shultz could have talks with Soviet Premier Nikolai Tikhonov this weekend in New Delhi, where both men will be attending the funeral of Prime Minister Indira Gandhi today. A State Department sourceAFP - 142 words
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WORLD IN BRIEF
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Article65 1984-11-03 4 SOLIDARITY leader Lech Walesa said on Thursday night he does not support a strike call issued by several Gdansk union activists to protest the killing of pro-Solidar-ity priest Rev Jerzy Popieluszko. He said he was not consulted about the call for a onehour strike, adding that he "stands65 words
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Article67 1984-11-03 4 THE US yesterday presented US$4.l7 million to help the Thais affected by the influx of the refugees from Indochina. The US embassy in Bangkok said the donation, contributed by the American people, would be used to finance the construction of public health facilities, villages, roads and reservoirs and67 words
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Article66 1984-11-03 4 ECONOMIC instability in the Philippines has hurt women more than men, a Philippine women's activist said in Tokyo on Thursday. Ms Maita Gomez said that while the nation's unemployment rate was 35 per cent, the rate for women was 60 per cent. Those women who work, she said,66 words
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Article60 1984-11-03 4 Agencies THE UNITED Nations General Assembly, for the third time since the 1982 Falklands war, called on Britain and Argentina on Thursday to negotiate their sovereignty dispute over the islands. Britain opposed the resolution offered by Argentina and 19 other Latin American states, mainly on the grounds thatAgencies - 60 words
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Article33 1984-11-03 4 Assassination plot THE FBI yesterday said it arrested eight men who were planning to assassinate Honduran President Roberto Suazo Cordova and said Honduran officials were searching for a military attache in the plot.33 words
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Article56 1984-11-03 4 ISRAEL'S attorney general has instructed police to investigate if comments by Rabbi Meir Kahane lauding a rocket attack on an Arab bus in Jerusalem violated a law barring praise of terrorist acts, a Justice Ministry spokesman said on Thursday. As a result, Rabbi Kahane could be stripped of56 words
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212 1984-11-03 4 Reuter INDIA awoke yesterday from a night of fear with armed Sikh and Hindu vigilante groups restlessly guarding their areas after arson and violence killed at least 148 people. Witnesses reported several fresh arson attacks at first light yesterday morning and occasionalReuter - 212 words
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Article68 1984-11-03 4 Reuter A MALAYSIAN Sikh leader has appealed to the country's 50,000 Sikhs to remain calm and treat the murder of Prime Minister Indira Gandhi as a domestic Indian problem. "Although the Gandhi assassination must be condemned, Sikhs here as Malaysian citizens must not beReuter - 68 words
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Article, Illustration315 1984-11-03 4 AFP THE CHIEF government prosecutor in the Benigno Aquino murder case yesterday defended the referral of the case to an anti-corruption court. Justice Bernardo Fernandez, the national ombudsman who serves as the court's top prosecutor and investigator, told a news conference that the constitution gave theAFP; UPI Photo - 315 words
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Article221 1984-11-03 4 AP AN INTERNATIONAL conference on the explosive growth of the relationship between "informatics" and the press has pointed to a new battleground of the North-South debate this time over the computerising erf the Third World. But some of the differences over the handling of news,AP - 221 words
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Page 3 Advertisements
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Advertisement15 1984-11-03 3 ¥W W1 Pan Am First Class. First In Space. first In Luxury. First In Comfort15 words
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RAW MATERIALS
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Article149 1984-11-03 4 Chinese Produce Exchange (Sellers' noon closing prices on Ho* 2. S$/ 100 kg) Coconut oil Bulk FOB 195 00 Old drum FOB 208.00 New drum FOB 212.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW B 4 W FOB NSW Gombier FOB NSW 502.50 380 00 281 00149 words
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Article286 1984-11-03 4 Singapore A-l special C-1 special C-l Ordinary Loonzoin 100% 207 unq (S$/kito, en-god own) unq Thai white 100% 1st class (kangaroo) new crop first grade 100% second grade j 05 100% third grade £8 unq 100% 2nd class 0 77 Parboiled 100% 3rd class 0.75 c<v. No stock )0%286 words
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Article333 1984-11-03 4 SINGAPORE The market closed marginally lower yesterday with November One RSS buyers quoted at 175.00 cents per kg, down 0.25 from Thursday. The morning session lost some 0.25 cent after fluctuating narrowly on lack of interest in quiet trading. Values were marked up 0.25 cent in the early afternoon333 words
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Article167 1984-11-03 4 Yarn Hongkong Golden 115 50 (!n HK$ per bolt of 400 lb) Peok, 60 x 60 China carded yarn, cones White cloth Blue Phoenix 16'* 3,150 Japon No. 10,000 Blue Phoenix 20's 3,200 Three Peache* 221 50 Blue Phoenix 32'* 3,800 Jopan No 2003 Unq Blue Phoenix 40's 4,000167 words
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Article108 1984-11-03 4 THE Kula Lumpur Tin Market (KLTM) price rose six cents to M*2f.2l per kg, moving late the International Tin Agreement lower range of $29.15 and $SZM for tke first time since tke KLTM was launched on Oct 1 to replace tke Penang market. Tke buffer stock manager gave108 words
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Article149 1984-11-03 4 MALAYSIAN crude palm oil prices firmed in line with higher palm oil futures on short-covering and speculative buying prompted by a firmer Chicago soybean complex close. In the November position, south region finned Ms2s to $1,165 per tonne while north and central rose $25 and $20 respectively to149 words
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Article341 1984-11-03 4 RAS prices (m S cents/kilo, FOB in boles) NOON CLOSC Buyer* Sellers Buyers Sellers Int 1 RSS prompt 172 00 173 00 172 50 173 50N Int 1 RSS Nov ***** 175 00 175 00 175.25 Int 1 RSS Dec 177 00 177 50 177 25 177341 words
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Article111 1984-11-03 4 (cents/kg, J -ton fl o»ember December (current mth) (forward mth) RAS NOON NOON Buyers Seller! Buyer* Sellers SSR 20 171 00 173 OON 172 00 174 OON SSR 50 169 00 171 OON 170 00 172 OON MRELB Buyers Sellers Buyers Sellers SMR CV 200 00 202111 words
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Article71 1984-11-03 4 WHEAT FUTURES on the Chicago Board of Trade closed Vi to 13/«l 3 US-cents a bushel higher in light trade on Thursday. Deferred months strengthened relative to nearbys on trade concerns that soft red winter wheat planting delay? could lead to a reduction in planted area. The weak US71 words
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Article70 1984-11-03 4 SOYBEAN FUTURES on the Chicago Board of Trade eased from mid-session levels but closed 13 to four UScents a bushel higher in active trade on Thursday. November closed up 13 cents at $6.32 a bushel. Collins Grain sold January late, while Drexel Burnham Lambert sold November. Soyoil closed up70 words
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Article827 1984-11-03 4 COFFEE Robusta futures finished an active session yesterday depressed by sterling's strength against the dollar, £36 to £10 a tonne down from Thursday. January traded last at £2,310, down £25 from Thursday night. Futures volume was 1,899 lots, including 365 crosses. November retreated to £2,454, down £36 from827 words
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BANKING AND FINANCE
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382 1984-11-03 5 NYT IN WHAT APPEARS to be an important step towards interstate banking, the US Comptroller of the Currency has given 13 bank holding companies preliminary permission to operate 29 limited-service banking offices beyond their home states. Comptroller C Todd Conover, an appointee of PresidentNYT - 382 words
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114 1984-11-03 5 Kyodo SANWA BANK of Japan is seeking to increase its equity in Australian merchant bank Commercial Continental. This was confirmed by a spokesman for Sanwa Bank on Thursday. Japanese newspapers reported on the same day that Sanwa had begun talks on expanding itsKyodo - 114 words
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381 1984-11-03 5 AFP Reuter A NEW fact-finding mission from the International Monetary Fund (IMF) is due to arrive in the Philippines to look into the country's trade and industry sectors. The official Philippine News Agency (PNA), quoting Finance Ministry sources, has reported the IMF teamAFP; Reuter - 381 words
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290 1984-11-03 5 Reuter THE CHAIRMAN of the US Senate Banking Committee, Jake Garn, has reiterated that he will introduce legislation early next year to close legal loopholes that allow the creation of consumer banks as part of a wider deregulation Bill. He toldReuter - 290 words
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151 1984-11-03 5 AFP MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad says he plans to release soon the findings of an interim report on the massive loans scandal at state-owned Bank Bumiputra. Dr Mahathir said on Wednesday the Cabinet had studied the report drawn upAFP - 151 words
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161 1984-11-03 5 AFP JOHNSON MATTHEY Bankers (JMB), which was rescued by the Bank of England early in October, has applied to the London High Court for the windingup of five firms in the EH Saeed group controlled by the Pakistani-born US magnate Mahmoud Sipra.AFP - 161 words
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MONEY AND EXCHANGES
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Article, Illustration682 1984-11-03 5 SINGAPORE: THE US dollar extended earlier losses against most major currencies yesterday in moderate late trading on continued selling pressure. It closed softer at 2.9645/55 marks compared with an early 2.9680/90 and New York's 2.9700/ 20 close. The dollar closed easier at 2.4445/55 Swiss francs compared with an682 words
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Article229 1984-11-03 5 Interbank rates at 3pm CHHVIKIM Nominal rat •t Smithsonian quoted yaeterday c roaa parity change Local dollars to on« unit of foreign US dolor 2.1520 2.1530 2.8196 -23.68 Sterling pound 2.6631 ***** 7 3469 -6375 Australian dollar 1 8474 1 8494 3 4286 -46 12 NZ dollar 1.0620229 words
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Article53 1984-11-03 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued on Nov 2 and from Nov 5 to Nov 9. Offered: $95,000,000. Applied for: $210,150,000. Allotted: $95,000,000. Accepted bids: $99.26 approximately 27 per cent; higher bids in full. Avenge rate of dlscoant on allotment: 2.940 per53 words
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Article126 1984-11-03 5 THE OVERNIGHT rate rose by 3/8-point from Thursday to close at 71/4 per cent on the Singapore interbank money market yesterday. One, two and threemonth maturities fell by 1/ 16-point each. The mode for yesterday was 615/16 per cent. S$ interbank rates at 3pm yesterday Offer Bid Overnight126 words
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Article216 1984-11-03 5 ASIAN DOLLAR deposit rates extended earlier losses in thin afternoon trading yesterday on increased lending interest. Period rates opened 1/8 to 5/16 lower following news of a larger than expected drop in US M-l money supply and Fed customer repurchase agreements. Interbank deposit ri 7 doys 1216 words
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Article340 1984-11-03 5 BA Futures Inc EURODOLLAR futures surged yesterday to new contract highs following the rally in Chicago on Thursday night. The strength in the Eurodollar was brought about by the imminent easing of the Fed's monetary policy. December Eurodollar at Simex opened at 89.90, six ticks upwards from Chicago's closingBA Futures Inc - 340 words
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Article189 1984-11-03 5 HONGKONG The metal closed higher in quiet trading yesterday reflecting the easier trend of the US dollar. It closed at U5J336.70/337.10 an ounce. Local gold finished at HK53,142 a tahil compared with the previous $3,120. Krugerrand added $20 to close at $2,730 (U*****.00). TOKYO Futures closed mainly easier in189 words
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Page 5 Advertisements
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Advertisement193 1984-11-03 5 VIEWS OF EARIY SINGAPORE A collector's edition of six fine quality prints reproduced from rare lithographs dated 1828 to 1840 V a-* S7 B QjfT X<l > *f < -v .1 -x sr V Mr v w To mark the occasion of Singapore's 25th year of self government. Times the193 words
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TIME-OFF
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Article500 1984-11-03 6 FLYING TO LONDON will never be the same. Farewell Bahrain, Dubai and Bombay airports. Your duty-free shops will be a little emptier three days of the week. No more SIA travellers between London and Singapore, restoring circulation to their legs and other things, will throng500 words
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Article, Illustration619 1984-11-03 6 SHAHRIR ARIFF - By SHAHRIR ARIFF BMW's SUPERBIKES, the much publicised new one-litre K-series motorcycles, have finally made their way to Singapore. After a one-year wait, Performance Motors, the local distributor of BMW vehicles, brought in two machines: a standard K 100 and a tourer model, the619 words
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Article964 1984-11-03 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Oparator Gdn« FCL 1 Location Thano Bhum 143N 03 II 84 2000 S'pore Shp FSB 0700-0800 Kl Kobe Express 8401WB 03.11 84 2300 African Shp FS8 0900-1100 U2 B Melatt 507 04 11 84 0700 Leo964 words
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Page 6 Advertisements
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Advertisement261 1984-11-03 6 Express Yourself More Confidently Timas-Chambars Idioms Idioms greatly enliven one's style of writing making it more interesting and entertaining. This dictionary contains ***** selected examples, up-to-date with information on grammar and usage included in individual entries. $7.90 Times-Chambers Dictionary of Phrasal Verbs It is important for non-native learners of English261 words
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Page 6 Miscellaneous
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Miscellaneous1211 1984-11-03 6 to sm Mad) HIGHLIGHTS Centrestage The Boy Who Left Home To Find Out About The Shivers 8.55 pm, Channel 12 This is the story of a boy who did not know what fear was, and wanted to find out what it meant to have "the shivers". He goes out looking1,211 words
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Miscellaneous383 1984-11-03 6 WMT*> CONCERTS The 90-member Korea Philharmonic Orchestra currently on an Asian tour will be in Singapore next week. Conducted by Mr Kwak Sung, the orchestra is Korea's largest. The soloist is Mr Kang Dong-Suk, violinist, who has won many top prizes in international competitions. The programme includes Beethoven's Egmont Overture383 words
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SPORTS
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Article554 1984-11-03 7 BOWLERS from 16 countries will take to the lanes on Monday. To assist in identification, we provide you with a list of the countries, the bowlers and their competition numbers. MEN: AUSTRALIA: 011 Tom Kury, 012 Ron Powell, 103 John Sullivan, 014 Suilvano Prez, 015 Eric Thompson, 016554 words
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Article, Illustration801 1984-11-03 7 BRIAN MILLER - Bth FIQ Asian Zone Championship Nov 4th —10th 1984 Singapore By BRIAN MILLER FOR SIX tension-filled days, starting on Monday, the cream of Asia's tenpin bowlers will trade strikes as they go for the pocket in the Bth FIQ Asian Zone championships at Jackie's Bowl801 words
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549 1984-11-03 7 WALTON MORAIS - By 1 WALTON MORAIS VINCENT LEE, the young lad who will represent Singapore in the Putra Cup, will get some useful practice this weekend at the Warren cpurse. The 18-year-old will be defending his title in the Warren Club's individual matchplay549 words
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Article121 1984-11-03 7 THE FIRST two days of the Penang November race meeting, scheduled to be held today and tomorrow, has been cancelled. This was announced in a statement issued by the committee of the Penang Turf Club yesterday. Giving its reasons for the cancellation, the statement said: "Because of the121 words
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332 1984-11-03 7 STRAWS in the Wind THE PROPERTY market in Singapore has become so glutted that developers, even those selling landed properties, are constantly looking out for new gambits to attract prospective customers. Some offer concessional rentals, some renovation "contributions" and cash rebates while others332 words
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Article, Illustration341 1984-11-03 7 AP RUNNING star Zola Budd has said she will stay in South Africa rather than return to Britain, her adopted home, thus forsaking her international running career. Die Volksblad, Budd's hometown newspaper, carried her copyrighted statement and reported that the 18-year-old track starAP - 341 words
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Page 7 Miscellaneous
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Miscellaneous777 1984-11-03 7 CRYPTIC PUZZLE ACROSS 9 Loves, in a romantic light, to spoon (8) 10 As a wood, is equally hard (3) 11 When the man's captured the distraught nun, makes nothing of it (6) 12 Now there's a clamp on information (6) 13 Turned the agent in Rome into a VIP777 words
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INTERNATIONAL STOCKS
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218 1984-11-03 8 Reuter BOC Group PLC has agreed in principle to sell its main arc welding business in the US to Swedish welding company Esab for an undisclosed cash sum. The business, which has been suffering losses for some years, is part of BOC's AircoReuter - 218 words
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Article239 1984-11-03 8 FT THE EUROPEAN Economic Commission has finally agreed to lift its ban on aid to Arbed Saarstahl, a technically bankrupt West German steel producer. The commission blocked a 77 million deutschemark payment to Saarstahl from the Saar state government earlier this year. It hadFT - 239 words
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302 1984-11-03 8 Reuter WALL STREET prices closed higher on Thursday amid a higher level of activity. Analysts said the market was preparing for next week's expected rally after the national elections. President Reagan is predicted to win re-election by a large margin over Democratic challengerReuter - 302 words
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Article138 1984-11-03 8 NOV 01 C$ Imp Oi 42 26"* 7* 13* <4 Abitibi 31* -H Aicon 37* Int Ut* 20* Algoma 20 V. unch Bonk Mont 23* unch Kerr Add 15* Bonk Nova Scotw 12* 18 Bel Tel 33* Mass«y Ferg 3* BP Con Ltd 27* 25 Brascon 30* 15* Con138 words
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Article172 1984-11-03 8 NOV 01 Rond INDUSTRIALS A Aloha 8006 Un Steel Urasec Woolworth 420 1 1 1 150 5 MININGS AE And a 790 Amaprop AMJC W 5 2350 -25 2725 25 1034 -3 1825 Butt eh 7400 -225 CNA 500 5 Cumc Fmance 405 unch Cons Gold 500 1380 -625172 words
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Article722 1984-11-03 8 NOV 01 US$ ACF Industries Akon Alumn Akoo Alegheny Lud Alwd Cham Cp Afced Stores Afcs-Cholmers Am Brands Inc Am Broodcast Am Can Co Am C yanait»d Am EIk Pwr Am Exprns Am Home Prod Am Motors Cp Am Natural Gas Am T«< Tel Amox Inc Ameroda Hess722 words
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Article568 1984-11-03 8 Frankfurt MOV 01 Dm Aeo-Tetetunken ***** 1 2 BASF 171 30 +27 Boytf 182 90 +1 9 BMW 388 00 >9 Commerzbonk ***** +42 Conti Gurrwm 123 50 Do«nler-6enz 587 00 +45 Degusso Deutsche Bank 374 00 25 Dresdner Bonk 182 50 +6 GHH 157 80 unch Hoechst568 words
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91 1984-11-03 8 Reuter DEUTSCHE BANK AG, West Germany's largest commercial bank, is seeking a stake of about five per cent in British merchant bank Morgan Grenfell and Co. Bankers in Frankfurt say the move is designed to give the German bank a presence in the UKReuter - 91 words
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181 1984-11-03 8 FT UNILEVER, the AngloDutch conglomerate, has sold its UK distribution subsidiary SPD to the National Freight Consortium (NFC), a British distribution company, for an undisclosed sum. The two companies announced they had reached agreement in principle on the deal, following earlier disclosures that theyFT - 181 words
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Page 8 Advertisements
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Advertisement613 1984-11-03 8 m* c uPf-SKS I Wimt id wiue, Hint mud eaiertala "V; if*" > -v. if.'-.; v.. r > i> _The Summer falace. proudly piwente a speiial lurxfson menu YJe can think of sixteen reasons why you should try our unique neui menu... Braised fish maw soup with crab meat, braised613 words
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Advertisement154 1984-11-03 8 Paris, Brussels and Milan wars closed on Thursday. London stocks, Page 11 ii Sip a glass of the world's finest wine, while 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,154 words
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ASIAN STOCKS
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Article344 1984-11-03 9 HONGKONG: Share prices closed steady yesterday but was off the day's highs due to some positionsquaring selling ahead of the weekend. The Hang Seng Index finished *,5.97 higher at 1,035.23 after being > .up 9.48 at the morning session t close. China Light rose 20 cents to '•< HK515.40,344 words
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Article232 1984-11-03 9 NOV 02 Al Sincere Indus ntW 7^0 -0 35 Chem Indus Lien Hwo InAjs Nan Yo Plos 1810 12 95 29 90 25 50 •03 -02 -03 0 1 Cathay Cons Chang Hwo Bank 27 90 51.50 11 -1 -02 -06 -01 -04 unch -0.6 -0 15 Pacific Elect232 words
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Article410 1984-11-03 9 TOKYO: Share prices closed sharply higher in active trading yesterday triggered by expectations of a cut in the US discount rate, now at 9 per cent. The market average recouped most of Thursday's loss by rising 80.39 to close at 11,249.95, just below the record high finish of 11,252.98410 words
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Article117 1984-11-03 9 MANILA: Share prices closed generally higher yesterday but trading remained dull due to tightness in the money market. The Commercial and Industrial Index was up 0.11 to 118.35 and the Mining marker climbed 7.46 points to 835.65. Oil issues remained unchanged at 0.584. NOV 02 1 Oriental 8 0117 words
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Article381 1984-11-03 9 .'SYDNEY: Share markets closed strong in active trading yesterday V as investors responded to positive signals from overseas. The All Ordinaries Index was 11.6 points firmer at 766.1, the All industrials 13.6 higher at a record 1,118.6 and the All Resources 9.9 ahead at 493.9. Rises outnumbered falls by381 words
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Article155 1984-11-03 9 BANGKOK: Stock prices closed higher in active trading yesterday. The Book Club Index rose 0.91 point to finish at 123.23 and advances led declines by more than a four-to-one margin, led by strength in cement and bank groups. NOV 02 •afcn Swm City 479 21 Cement Aokhom Thoi S«am155 words
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Article67 1984-11-03 9 Nov 2 Bonk Seoul Won 656 -1 Hyuvkx Motor KAL 619 525 inch -5 Choteung 0k 620 20 1190 20 Doctm Ind 672 570 -2 -2 Korw&Kp 410 Doewoo Corp 475 630 -2 .3 765 725 674 ■I Sormung Et«c 840 Gold Star 725 1105 43 Moral Bk 73767 words
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Article76 1984-11-03 9 Reuter R J REYNOLDS Industries Inc has formed a joint venture for cigarette sales promotion and sales with Mitsubishi Corp. R J Reynolds MC Tobacco Co will handle all sales, promotion and merchandising for R J Reynolds tobacco and cigarettes sold in Japan. It will beReuter - 76 words
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316 1984-11-03 9 AP TOSHIBA Corp has developed a one-megabit dynamic random access memory (D-Ram) semiconductor that has four times the memory capacity of the current generation chip yet consumes about the same amount of power. The new chip, which can store as much as four pagesAP - 316 words
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Corporate round-up
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59 1984-11-03 9 TOYOTA Motor Corp expects record parent company current profits of 260 billion yen in the six months ending Dec 31 on first-half sales of 2,700 billion yen. Vice-president Gentaro Tsuji says foreign exchange profits stemming from the yen's weakness against the US59 words
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62 1984-11-03 9 Reuter CHINA'S national carrier, the Civil Aviation Authority of China (CAAC), will establish independent air freight companies in a move to break up its monopoly and increase its competitiveness. CAAC director Shen Tu said on national television the new companies would operate under CAACReuter - 62 words
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189 1984-11-03 9 Reuter J P MORGAN Overseas Capital Corp has lifted its takeover bid for merchant bank AUC Holdings to A 54.40 a share from $4.10. Two weeks ago the Morgan Guaranty Trust Co unit announced its original bid for the 54.7 per cent ofReuter - 189 words
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105 1984-11-03 9 Reuter NISSAN Motor Co has lowered its forecast of parent company current profits for the year ending March 31 to 150 billion yen from 161 billion yen, compared with 120.86 billion yen a year earlier. But it will pay an unchanged dividend of 14 yenReuter - 105 words
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Page 9 Advertisements
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Advertisement415 1984-11-03 9 I V* i mitft m ii=p •19] >1 From English afternoon teas of not scones and strawberry jam, to evening cocktails. Then dance to the music of Juliana s of London. Linger. The mood is Distinctively Hilton in Style. MbIQN NTBRNATIONAb TONIGHT! PUJG INTO AN ELECTRIFYING EXPERIENCE! THE lON BAR415 words
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Advertisement106 1984-11-03 9 Ml ft 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 ftfIiUWIII MtOifit 19 Cairnhill Circle Singapore 0922 Tel: *****98,106 words
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SHARE INFORMATION
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Article, Illustration4178 1984-11-03 10 A FEEBLE RALLY in the morning fizzled out by noon and share prices closed mixed on the Singapore stock market yesterday. The BT Composite Index gained 0.58 points to 739.15 while the Straits Times Industrial Index rose 2.33 points to 836.43. Volume was4,178 words
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Article260 1984-11-03 10 SINGAPORE Rises K G HM«s 280 Reiy EIki 330 Kentucky Spore *50 MIF HMos 50* 220 S T P 1975 1070 Tmi Pub 790 D«HDt< 406 O C 8 C 920 S N P L 580 mBF Corp 50« 225 c.. 170 32 26 12 12 10260 words
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Article461 1984-11-03 10 THE Kuala Lumpur stock market put on another lethargic performance yesterday with shares prices finishing on a slightly easier note. Except for Muda Holdings Bhd, which made its debut yesterday, trading generally remained quiet with investors staying on the sidelines. Thanks to Muda Holdings, which461 words
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Article3114 1984-11-03 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 IoU of 1,000 unit*, unless otherwise specified. AU Time Settlement Contracts are quoted after the word "SETT"3,114 words
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Page 10 Advertisements
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Advertisement7 1984-11-03 10 BuiinMi don* on th« KLSE S*«p*g« 117 words
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COMPANY NEWS
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Article, Illustration302 1984-11-03 11 «■■a. CHART PIS! INT Ml li:—W aaaaj HOCK LOCK SIEW IN THE July 24 review, when Pan-El shares were soaring ahead (along the broken uptrend line) on a runaway type move, readers have been advised not to become too complacent. Since that review, PanEll's share price wentHOCK LOCK SIEW - 302 words
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Article95 1984-11-03 11 HONGKONG Australian Industrials Hong Seng Index Firday 1118.7 Thursday 1105.0 Week ago 1097.2 Friday 1035.23 Thursday 1029.26 NEW YORK Week ago 1056 84 Dow Jones TOKYO Thursday 1217.09 Wednesday 1207 38 Tokyo Dow Jones Week ago 1211.02 Friday *****.95 Standard and Poors Thursday *****.56 Thursday unav Week ago95 words
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Article949 1984-11-03 11 SHARE PRICES opened sharply higher yesterday in moderate turnover on hopes of interest rate cuts. The FTSE 100 index at 9.45 am was at a new high of 1,171.4, up 13 points. The strength of sterling and Thursday's higher trend on Wall Street also helped the market. BTR949 words
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180 1984-11-03 11 THE Hongkong Society of Accountants (HKSA) is to announce anytime now the result of its investigation on whether Fan Mitchell A Co was in breach of professional conduct when advising Tai Sang Land Development Co Ltd in rejecting the Singapore-based United Industrial180 words
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Article98 1984-11-03 11 KEPPEL Shipyard Ltd said Mr Tay Kim Kah has resigned as secretary of the company with effect from Oct 31, and Mrs Sally Chew has replaced him with effect from Nov 1. THE Stock Exchange of Singapore has requested brine* Ltd to furnish more information on its plan98 words
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Article224 1984-11-03 11 Managers' prices for Nov 3 5 Singapore Unit Trust Second B'putro 4 88 4 94 Third B'putro Fourth B'putra Fifth B'putra Sixth B'putro 4 08 4.13 5 39 5 44 2 99 3 04 The Commerce 2 58 2.74 2 87 2 92 The Savings Fund 1.71 181224 words
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Article358 1984-11-03 11 William Jacks raising £1.5 m through rights issue WILLIAM JACKS PLC, the UKbased trading and motor retailing unit of Jacks International which is in turn controlled by Johan Holdings Bhd is raising £1.5 million through a one-for-one rights issue of 5.41 million shares at 30358 words
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Article, Illustration606 1984-11-03 11 PLANTATIONS-based Boustead Holdings Bhd has finalised plans for the construction of a 31-storey office complex, next to its headquarters building Wisma Boustead along Jalan Raja Chulan, in spite of an anticipated glut in commercial space. Explaining the rationale for606 words
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Article2177 1984-11-03 11 BID and offer prices officially luted and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS Alcom (1.365) (2) 137 (25) 1 35 (7) I2,177 words
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Article58 1984-11-03 11 ROTHMANDS Of Pall MaU: 23rd AGM on Nov 8 at 11am in Virginia Park, Jalan Universiti, Petaling Jaya. RENONG Berhad: 2nd AGM on Nov 9 at 10am in President Room, Selangor Club, Jalan Raja. Kuala Lumpur. KEMAYAN OU Palm Ber had: 19th AGM on Nov 24 at 5E58 words
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395 1984-11-03 12 CHUANG PECK MING - By CHUANG PECK MING TRADITIONAL urban centres in Malaysia are gearing up for high technology industries. "Areas such as Kuala Lumpur, Penang, Malacca, Johore, that have for the last decade received sophisticated export oriented industries are now ready to go into the next395 words
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303 1984-11-03 12 Bernama MOST OF THE MJ2.5 billion loans given out by Bumiputra Malaysia Finance (BMF) in Hongkong were obtained from branches of Bank Bumiputra, according to the committee of an enquiry's interim report made public by the Malaysian government yesterday. TheBernama - 303 words
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Article88 1984-11-03 12 SEVERAL PIECES of land In the district of Ulu Bedok are being acquired by the government for development for a public purpose, according to the latest government gazette. The pieces of land are estimated to total 1,842.3 sq metres. The larger piece, 1,068.6 sq metres, is88 words
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433 1984-11-03 12 PENG AIUAN - By PENG AIUAN LAWYERS in Singapore have not kept pace with the more sophisticated services demanded by business and provided by legal expertise in the more developed countries. Hence the Singapore government was persuaded, particularly by the banking community, to open the door for433 words
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305 1984-11-03 12 LAWYER Alan Wong Hoi Ping, a former solicitor with Lee Lee, was allegedly brought into Broadview Commodities Pte Ltd so that the company's clients would trust the company more, the court heard yesterday. Lee Kwong Fai, a director with Broadview, which has305 words
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266 1984-11-03 12 THE UNITED People's Front was the only opposition party that could and should come to power, its chief, Harbans Singh, said yesterday. At a press conference to announce two more candidates, Mr Singh dismissed other opposition parties except Mr Seow266 words
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325 1984-11-03 12 ABOUT 50 local employees of Gulf Oil, one of the largest oil companies in the US, face uncertain job prospects. Some of them could even be retrenched, after Gulf Oil's worldwide takeover by another American oil company, Chevron.325 words
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300 1984-11-03 12 THE TRADE Development Board wants to find out more about industrial design engineers in Singapore to help it compile a list which it hopes will help local companies develop better designs for products and packaging. The TDB has sent out survey300 words
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Article, Illustration42 1984-11-03 12 DEMOCRATIC presidential candidate Walter Mondale and vice-presidential candidate Geraldine Ferraro put out their hands to stop a limousine after they arrived in New York for their rally in Manhattan, where an estimated 100,000 people cheered them. AP photo AP photoAP photo - 42 words
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126 1984-11-03 12 AFP INDIAN police yesterday took into custody a Major-General in the Indian army for his alleged involvement in the assassination of Mrs Indira Gandhi. The unnamed officer, who was identified as a Sikh, was arrested in Chandigarh. But the Defence Ministry in NewAFP - 126 words
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Article72 1984-11-03 12 WALL STREET stock prices were mixed in early trading yesterday as profit taking hit some of the blue chip issues. The Dow Jones Industrial Average, which rose nearly 10 points on Thursday, was down 1 Vi points to under 1216. Overall, gainers held a slight lead over72 words
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LATE FILE
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Article45 1984-11-03 12 NST MALAYSIA'S Deputy Prime Minister Datuk Musa Hitam said private sector managements would first have to undergo some changes, either in terms of management philosophy or principles of operation before it could take on services now provided by the government. NSTNST - 45 words
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Article45 1984-11-03 12 AP THE! EXCHANGE of expertise in the aviation industry and possible areas of defence cooperation were among matters Lt Gen Yogie Supardie, secretarygeneral of Indonesia's Defence Ministry, discussed with Malaysian Deputy Defence Minister A bang Abu Bakar, a defence ministry spokesman said yesterday.AP - 45 words
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Article41 1984-11-03 12 Reuter CHINA'S naval chief, Liu Huaqing, starts an 11-day tour of British naval bases and armaments factories on Monday. The trip is part of a series of visits to potential weapons suppliers by Chinese military chiefs. ReuterReuter - 41 words
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Article42 1984-11-03 12 Reuter AUSTRALIAN media tycoon Kerry Packer last night issued a strong denial of all allegations made against him. He said that the final report of a four-year Royal Commission on organised crime was a "dishonest and malicious document".Reuter - 42 words
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Article48 1984-11-03 12 AFP SOVIET and Afghan forces have begun their ninth offensive in five years against rebel strongholds in the Panjshir Valley. In a message received yesterday in Peshawar, Pakistan, 1,500 military vehicles, including tanks, are said to have rolled into the Panjshir on Oct 26. AFPAFP - 48 words
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Page 12 Advertisements
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Advertisement539 1984-11-03 12 Heads of state at funaral, Page 4 Touche Ross Danmwan &Co and It 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 PROGRAMME539 words
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Page 12 Miscellaneous
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Miscellaneous58 1984-11-03 12 Outlook for today: Portly cloudy with showers in several areas in the afternoon and early evening. Report for 24 hours prior to 7.30pm on Nov 2 at the airport: Maximum temperature 31.9 Associated humidity 62 Minimum temperature 23.7 Associated humidity 94 Hours of sunshine 4.90 Rainfall in millimetres Trace Roinfall58 words
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