The Business Times, 24 November 1984

Microfilm: NL14854
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, NOVEMBER 24, 1»4 60 CENTS
    12 words
  • Article, Illustration
    All-out bid to woo tourists
    1267 1  -  Private businesses urged to foot the bill in restoration of old buildings By RICHARD SEAH AN ALL-OUT EFFORT by the government to stimulate the tourist industry will see a relaxation in its ruling on foreign workers, cuts in entertainment taxes, new laws for the retail
    1,267 words
  • Article
    Tan I Tong stepping down as STPB head
    191 1 AFTER EIGHT YEARS, Mr Tan I Tong will step down from his post as chairman of the Singapore Tourist Promotion Board (STPB) when his term expires at the end of this month. Taking his place for a one-year trial period will be
    191 words
  • Article
    Tourist Task Force proposes 'dual personality' for S'pore
    497 1 SINGAPORE will present itself as both the epitome of oriental mystique and a high-tech entertainment centre in a few years' time if the Tourism Task Force has its way. To fulfil the first part of the island's dual personality, the Task Force
    497 words
  • Article, Illustration
    Best gains since late July rally
    421 1  -  By CHEN QINGSHUN BUYERS flocked to the Singapore stock market yesterday as share prices recorded their best gains since the late July /August rally. The Business Times Composite Index soared 14.36 points to 718.34 while the Straits Times Industrial Index shot up by 15.03
    421 words
  • Article
    DBS and UOB lower prime by quarter point
    641 1  -  By ALVIN TAY FOUR MAJOR BANKS, including United Overseas Bank and DBS Bank, will make quarter-point cuts in their prime rates, while the Monetary Authority of Singapore will lower its short-term concessionary financing rate to exporters on Monday. UOB and DBS Bank,
    641 words
  • Article
    Lock icon Marcos undergoes tracheotomy
    160 1 AFP PRESIDENT MARCOS underwent a tracheotomy last week, which could explain his failure so far to address the nation on the issue of his health. Medical authorities in Manila said yesterday that the tracheotomy, or surgical incision of the trachea, was carried out possibly due to "difficulty
    AFP  -  160 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      200 1 Sponsor SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention Organiser: ©INTERFAMA PTE LTD Tel *****12 The Big Name from Japan's No. 1 Clubmakers The Super Extra Correct Light Steel Shaft Woods and the CL-707 Hagane Steel Shalt Irons are mated to meet the most challenging demands
      200 words
    • Advertisement
      Page 1 Advertisements Column 2
      270 1 mm THE TREND towards the use of modern building equipment has prompted 74 Housing and Development Board contractors to borrow $78 million under the board's equipment financing scheme, introduced in 1981. Pag* 2 BRITAIN has run up a trade deficit of nearly £l billion in the first 10 months of
      270 words
    • Advertisement
      Page 1 Advertisements Column 3
      0 1 ?`:]][?!&<_@<^^_.+?`'<]\[=);,\(
      0 words
    • Advertisement
      Page 1 Advertisements Column 4
      172 1 MEDIC ASIA '85 S E Asia S4th Int'l Medical. Hospital Dental Equipment Technology Exhibition Conference 18th 21st April 1985 Dynasty/Hyatt Hotels Singapore Organiser ©INTERFAMA PTE LTD Tel *****12 Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of our own. It's not easy to turn that
      172 words
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  • HOME NEWS
    • Article, Illustration
      Contractors borrow $78m under HDB equipment scheme
      388 2  -  By LISA LEE BUILDING contractors have borrowed $78 million under the Housing and Development Board's equipment financing scheme over the last three years in their bid to mechanise. The trend towards the use of modern building equipment has prompted 74 HDB contractors to
      388 words
    • Article
      More here to learn airport engineering
      206 2 MORE COUNTRIES are now sending their airport engineers to Singapore for training. This reflects favourably on the Republic's efforts to promote itself as a technological centre. However, feedback from those who have undergone training is necessary so that continual improvement to the course can
      206 words
    • Article
      'Speak Mandarin' contest to encourage use of computers
      440 2  -  By JOANNE YAP SPEAK Mandarin that is what a group of computer enthusiasts will try to teach their computers to do over the next few months. However, this does not suggest that the Speak Mandarin Campaign is spreading to include computers. Rather,
      440 words
    • Article
      Tourist industry is staging a recovery
      231 2 SLOWLY but surely, the flagging tourist industry is staging a recovery. The number of visitors who came to Singapore in October was 257,737, an increase of 7.4 per cent over the same month in 1983. This brings the total number of visitors who came
      231 words
    • Article
      Local buyers look for quality goods
      374 2  -  By MAX COMMANDER SINGAPOREANS now look for top quality and substance in the products they want to buy, says Mr Peter Coles-Johnson, mission secretary of the Wolverhampton Chamber of Commerce and Industry from the English West Midlands. Mr Coles-Johnson, leader of a 19-member delegation
      374 words
    • Article
      Rosewood table that wasn't
      228 2 THE FORMER accounts manager of Broadview Commodities disclosed in court yesterday that a rosewood table was valued at 536,000 in the list of assets belonging to State Carriers, but was in fact only a teak table worth $1,500. In the continuing hearing of the Broadview case,
      228 words
    • Article
      MEMO-PAD
      197 2 Seminars and courses DURATION TITLE VENUE ORGANISER Nov 24 Recent Important Novotel Orchid Sngapore Tax Cases Inn Society Of Accountants Nov 26 Principles Practice RELC Building institute Of Of Public Public Relations Relations Of Singapore Nov 26-27 Marketing FinanSIM Conference Singapore cial Services: A Room Institute Of Strategic Approach
      197 words
    • Article
      SIA sells its first computerised insurance package
      262 2 SINGAPORE AIRLINES' diversification into the software business received another boost yesterday with the sale of its first own computerised insurance package. The insurance software, currently being used by SAGI, SlA's insurance subsidiary, has been sold to Tat Lee Insurance. At the signing ceremony
      262 words
    • Article
      Big fast food chains poised for battle at Marina Square
      342 2 SOMETHING about Marina Square has inspired its new fast food tenants to set up stalls unlike their other outlets in Singapore. Kentucky Fried Chicken, McDonald's, Hardee's and Baskin-Robbins are poised for battle in Marina Square with each devising a new
      342 words
    • Article
      Harpers wants a bite of $60m chocolate market
      195 2 HARPERS TRADING has launched an assault on the lucrative $60 million Singapore consumer chocolate market. The launch yesterday of the premium quality imported Delfi Swiss Chocolate range is a challenge to market leaders Cadbury and Allied Chocolate's Van Houten, who together hold
      195 words
    • Article
      To Ireland by Speedpost
      65 2 BUSINESS and commercial papers may be sent to Ireland under the Speedpost Service from Dec 1. Telecoms said yesterday that there was no limit to the weight of a consignment, but each individual item must not exceed 20 kg. The charges are $40 for the first
      65 words
    • Article
      Cheque for Chest
      54 2 A CHEQUE worth $72,608.70 will be presented to the chairman of the Community Chest of Singapore, Dr Ee Peng Liang, on Monday at Sembawang Shipyard. The amount was collected from a jogathon organised by the shipyard. The presentation will be made by Mr Lim Cheng Pah, managing
      54 words
    • Article
      Raja on three-day visit to Malaysia
      130 2 THE Second Deputy Prime Minister (Foreign Affairs), Mr S Rajaratnam, will be paying an official visit to Malaysia from Nov 25 to 27, at the invitation of the Malaysian Deputy Prime Minister Datuk Musa Hi tarn. Mr Rajaratnam will be accompanied by the Minister
      130 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      296 2 NATIONAL UNIVERSITY OF SINGAPORE 1 SCHOOL OF POSTGRADUATE S a: uni; i nil ADMISSION TO POSTGRADUATE COURSES, 1985-6 Applications are invited for admission to the following postgraduate courses in the 1985-6 academic year (commencing 1 July 1985): Part-time and Full-time M.B.A. Part-time Dip.Bus.Admin. ADMISSION REQUIREMENTS (1) M.B.A. Candidates for the
      296 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Gromyko and Shultz to meet in Geneva on Jan 7 and 8
      475 3 Reuter THE RESUMPTION of arms talks between Moscow and Washington will start with a meeting between Soviet Foreign Minister Andrei Gromyko and US Secretary of State George Shultz on Jan 7 and 8. The agreement to resume talks,
      Reuter  -  475 words
    • Article
      Lock icon Survey finds most criminals in China are ignorant of law
      154 3 Reuter A RECENT survey in a major Chinese city has suggested that most criminals know little about the law and many are totally ignorant of what constitutes an offence. A Tianjin City government investigation into 600 cases and 2,600 criminal
      Reuter  -  154 words
    • Article
      Lock icon Yale sells US$4.1m worth of stock
      263 3 UPI YALE UNIVERSITY has divested itself of US$4.l million worth of stock in three major US companies which operate in South Africa but refuse to show they stand against apartheid. The school's board of trustees voted on Oct 27 to sell most of the
      UPI  -  263 words
    • Article
      Lock icon Three soldiers killed at Panmunjom
      376 3 AFP TWO NORTH KOREAN soldiers and a United Nations security guard were killed yesterday in a gun battle in the Korean demilitarised zone. The UN Command in Seoul said that the fight was sparked off by an apparent defection bid to the south. It said
      AFP  -  376 words
    • Article
      Lock icon Seoul warns of military invasion by Pyongyang
      111 3 Reuter SOUTH KOREAN Defence Minister Yoon Sung-Min has said that there are indications that North Korea may invade the south in 1988, the year Seoul is due to stage the Olympic Games. Mr Yoon told a meeting of military chiefs yesterday that Pyongyang
      Reuter  -  111 words
    • WORLD IN BRIEF
      • Article
        Lock icon Hopes for Proton
        71 3 Agencies KUALA LUMPUR hopes its Made-in-Malaysia car, Proton Saga, will dominate the local market of 1,200 cc and 1,600 cc cars after it goes into production next July. The national car assembly plant general manager said yesterday that the car's biggest rivals would be the Toyota Corolla
        Agencies  -  71 words
      • Article
        Andreotti's defence
        93 3 FOREIGN MINISTER Giulio Andreotti, the often controversial main figure of Italy's dominant political party, was expected to defend himself in Parliament yesterday afternoon against possible criminal charges. The former five-time premier, the most visible member of the Christian Democrats, faces possible political corruption and conflict of interest charges
        93 words
      • Article
        Flood alert
        67 3 MALAYSIA has been put on a flood alert and has begun stockpiling food and medicine at relief centres following unusually heavy rain throughout the country this month. A meteorological department officer said rainfall has been heaviest in the west coast states and well above the November average of
        67 words
      • Article
        Formal apology
        80 3 CANADIAN Prime Minister Brian Mulroney's Conservative government will offer a formal apology to JapaneseCanadians interned during World War n, but has not decided yet whether to pay them compensation. About 21,000 JapaneseCanadians were ordered from their homes, mainly on the west coast of British Columbia, and restricted to
        80 words
      • Article
        Anti-trust suit
        75 3 ELEVEN US airlines have brought a US$35O million antitrust lawsuit against American Airlines and United Airlines, accusing the two major US carriers of restricting competition through the use of their computerised ticket reservation systems. The lawsuit brings to a head a long simmering dispute over American Airlines' Sabre
        75 words
      • Article
        Boycott to continue
        73 3 SOUTH KOREA'S main opposition party has said that it would continue to boycott parliamentary sessions unless the government agreed to allow more democratic freedoms in the provinces. A scheduled meeting of the main political parties aimed at breaking a 10-day-old stoppage in parliamentary business was called off
        73 words
    • Article
      Lock icon EEC prepared to cut sales of steel pipes to US by half
      212 3 FT THE EUROPEAN Economic Community is prepared to cut its sales of steel pipes and tubes to the US by about half from the present level of sales. Industry ministers have agreed on a take-it-or-leave-it offer to restrain
      FT  -  212 words
    • Article
      Lock icon 'MFA pushes up prices of clothes'
      155 3 Reuter EUROPEAN Economic Community shoppers pay far more for clothes than is necessary because of an agreement restricting imports from the Third World, a joint body of community consumers and importers said. Studies showed that prices in the 10-nation trading bloc were between 15
      Reuter  -  155 words
    • Article
      Lock icon Britain runs up trade deficit of nearly £1bn
      496 3 October balance helped by £528 m refund from EEC FT BRITAIN has run up a trade deficit of nearly £1 billion in the first 10 months of this year, partly because non-oil imports were substantially higher than previously believed, the Department of
      FT  -  496 words
    • Article
      Lock icon KPNLF: We can hold our own
      397 3 AFP CAMBODIAN nationalist guerrillas have expressed confidence they would be able to defend their camps along the ThaiCambodian border in the face of a current Vietnamese onslaught. A spokesman for the Khmer People's National Liberation Front (KPNLF) said yesterday that Hanoi's forces, which last
      AFP  -  397 words
    • Article, Illustration
      Lock icon Arafat convenes Palestine National Council
      325 3 AP DESPITE opposition boycotts, PLO chairman Yasser Arafat convened a meeting of the Palestine National Council on Thursday and said the mustering of a quorum assured the "eternal continuity" of the guerrilla movement. "The mere fact that this session of our Palestine National Council has
      AP; AP Photo  -  325 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      753 3 ARRIVALS Operator Sorrice number Local time From FT FT75 0055 JFK/ANC/NRT SIA SQ1I 0110 LAX/TYO PAA PA5 0155 JFK/SFO/HKG CAL 0333 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/RUH
      753 words
  • Page 3 Advertisements
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  • RAW MATERIALS
    • Article
      Lock icon Australia counters EEC threats to dump beef
      413 4 Subsidised meat in Asian markets disturbs Aussies AFP THE AUSTRALIAN meat industry yesterday announced the launch of a "full-scale attack" on threats by the European Economic Community (EEC) to dump subsidised beef in North Asian markets. The Australian Meat and Livestock Corporation (AMLC),
      AFP  -  413 words
    • Article
      Lock icon Manila to import US$29m Chinese and Indonesian rice
      282 4 AFP THE PHILIPPINES is importing 130,000 tonnes of Indonesian and Chinese rice worth a total of U5529.4 million, the official Philippine News Agency said on Thursday. Presidential Food Adviser Jesus Tanchanco said 100,000 tonnes would come from Indonesia and the rest from
      AFP  -  282 words
    • Article
      Lock icon Malaysia gets US$2m worth of business
      150 4 AFP THE MALAYSIAN trade mission to China secured US$2 million worth of orders especially for palm oil, a senior official said on Thursday. Mr Oo Gin Sun, the DeputyMinister of Trade and Industry, who led the delegation, of representatives from 23 companies said that
      AFP  -  150 words
    • Article
      RUBBER
      206 4 SINGAPORE The market closed steady yesterday with December One RSS buyers quoted at 172.25 cents per kg, unchanged from Thursday. Prices were little changed in very quiet morning trading due to lack of interest. The market continued to hover around previous levels in dull and featureless afternoon trading. MALAYSIA
      206 words
    • Article
      RAS and MRELB
      360 4 RAS prices (in S cents/lulo, FOB m bales) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 169 75 170 75 169 50 170 50 Int 1 RSS Dec 84 172 25 172 75 172 25 172 50 Int 1 RSS Jon 85 174 50 175
      360 words
    • Article
      SSR and SMR
      127 4 (cents/kg, 1-ton pollets) December 84 January 85 (current mth) (forward mth) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 166 00 170 OON 169 50 171 50N SSR 50 166 00 168 00N 167 50 169 SON MRELB Buyers Sellers Buyers Sellers SMR CV 197 00
      127 words
    • Article
      KL Tin
      86 4 TIN price remained at the International Tin Agreement floor-level of Ms2f.is per kg yesterday on the Koala Lumpur Tin Market, and the buffer stock manager remained the main buyer. A lower offering of concentrates of IS tonnes against 12 on Thursday also steadied market conditions. No rationing was
      86 words
    • Article
      TEXTILES
      160 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 3,150 Blue Phoenix 20's 3,250 Blue Phoenix 32's 3,800 Blue Ptjoentx 40's 4,000 Carded yarn, hank Blue Phoenix 21's 3,500 Combed yarn, cones Blue Phoenix 32's 4,800 Blue Phoenix 40's 4,950 Open-end yarn Blue
      160 words
    • Article
      Lock icon Malaysia cuts export duty on pepper
      74 4 Reuter THE Malaysian government said on Thursday it has cut the export duty on unground and ground white pepper to M 5833.50 and $1,396.18 per tonne from $885.82 and $1,456.31. It also cut the duty on black pepper to $334.72 per tonne from $363.03.
      Reuter  -  74 words
    • Article
      LONDON MARKETS
      908 4 COFFEE Robusta futures were thinly traded yesterday and finished the session with nearby months little changed, while distant positions were £9 to £2 above Thursday night. January traded last at £2,328, down £1 from Thursday, and compared with its low of £2,316. November ended at £2,400, equal to
      908 words
    • Article
      Produce exchange
      153 4 Chinese Produce Exchange (Sellers' noon closing prices on No* 23. SS/lOOkg) Coconut oil Bulk FOB 180 00 CHd drum FOB 193 00 New drum FOB 197 00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW B W FOB NSW Gambier FOB NSW 492 50 396 00 281 00
      153 words
    • Article
      RICE
      285 4 Singapore A-l special C-l special C-l Ordmory Loonzon 100% 192 unq unq (S$/kik>, ex-godown) Thai white 100% 1st class hrst grade bf?g (kangaroo) 100% second grode 235 new crop 096 100% ttvrd grode unq 100% 2nd doss 100% 3rd doss 070 070 Parboiled 5% 10% 232 227 25% new
      285 words
    • Article
      PALM OIL
      95 4 MALAYSIAN crude palm oil market closed lower on lack of follow-through support and weekend selling in quiet trading yesterday. In November, central and south dropped Ms3o to $1,235 per tonne and in December south slipped $35 to $1,270 and central $40 to $1,275. The refined palm oil market
      95 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      349 4 "By investing a few minutes each day with The Asian Journal, I keep myself well-informed." DAVID K. P. LI, Chief Manager Director of the Bank of East Asia. i m. 4 ?v f I|^ IMb The Asian Watt Street Journal continues to be the only publication that covers the Asian
      349 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Bundesbank sees chance for soft US dollar landing
      403 5 Reuter BUNDESBANK President Karl Otto Poehl considers chances for a soft landing of the US dollar from recent high levels are "not bad". He says the Bundesbank is relaxed about the dollar/mark rate and sees no reason to change monetary policy, adding
      Reuter  -  403 words
    • Article
      Lock icon India raising funds from international bond market
      121 5 Reuter INDIA is taking advantage of its high credit rating to tap the international bond market. Indian bankers and Finance Ministry officials say the bond market offers lower interest rates and a wider diversity of fund sources than syndicated loans. They say India's
      Reuter  -  121 words
    • Article, Illustration
      Sounder investment theories appearing
      441 5  -  By ALVIN TAY THE GROWING use of quantitative techniques, combined with the availability of enormous computing power today, suggest that a more rational generation of investment philosophies may be in the making. John K Koeneman of the Government of Singapore Investment Corporation (GIC) said: "As such,
      441 words
    • Article
      Lock icon Three main UK banks cut lending rates to 9.5pc
      445 5 FT, AFP THREE LEADING British banks have cut their base lending rates from 10 to 9.5 per cent, reducing the cost of borrowing for the second time this month. The half-point reductions by Lloyds, Midland and National Westminster on Thursday came
      FT,; AFP  -  445 words
    • Article
      Lock icon Private sector export bank considered
      157 5 Reuter THE UK TREASURY and the Bank of England plan to hold talks with financial institutions about the possibility of establishing a private sector export bank. Trade Minister Paul Channon said the bank would be used to tap sources of medium and long term export
      Reuter  -  157 words
    • Article
      Lock icon Commodity dealers group to seek rule changes
      153 5 Reuter THE ASSOCIATION of Futures Brokers and Dealers (AFBD) in Britain aims to begin accepting corporate members by April 29, 1985, chief executive Alistair Annand said. The association, incorporated on Oct 29 as a self-regulatory body for London futures organisations, will spend the
      Reuter  -  153 words
    • Article
      Lock icon Bank of China to raise HK$10bn for power plant
      279 5 FT THE BANK of China in Beijing plans to raise HK$lO billion as part of the funding of the Daya Bay nuclear power plant in Guangdong, Da Gong Bao, a Hongkong newspaper with close Beijing links, reported. Bankers linked with the
      FT  -  279 words
    • Article
      Lock icon Taiwanese government's control of bank interest rates to end soon
      193 5 Reuter GOVERNMENT control of bank interest rates will end soon, allowing them to be fixed according to market demands. A senior Taiwanese banking official said the move would be part of a gradual relaxation by the government of banking regulations
      Reuter  -  193 words
    • Article
      Lock icon NZ floats biggest yen bond in Japan
      290 5 Reuter NEW ZEALAND has floated the largest yen bond seen in Japan, raising the equivalent of US$4OO million and underlining the increasing popularity of taking out loans in the Japanese currency. Japan's largest stockbroker, Nomura Securities, said on Wednesday the New Zealand government
      Reuter  -  290 words
  • MONEY AND EXCHANGES
    • Article
      Forex markets
      788 5 SINGAPORE: The US dollar fluctuated narrowly against most major currencies throughout yesterday before closing mixed compared with London's close. It closed slightly lower at 3.0080/ 90 marks compared with London's 3.0085/0115 close and at 243.75/85 yen against 244.10/30 but marginally firmer at 2.4930/40 Swiss francs compared with 2.4890/4920.
      788 words
    • Article
      Treasury bills
      87 5 RESULTS of tender held yesterday for: 91-day Treasury bills to be issued from Nov 26 to Nov 30. Offered: 1110,000,000. Applied tor: $223,000,000. Allotted: $110,000,000. Accepted bids: $99.30 approximately 48 per cent; higher bids in full. Average rate «f discount m allotment: 2.795 per cent per annum. 182-day
      87 words
    • Article
      Money markets
      120 5 THE OVERNIGHT rate rose by 1/4-point from Thursday to close at 6 per cent on the Singapore interbank money market yesterday. The one-month term rate fell by 5/16-point while the two and three-month term rates fell by 1/4-point each. S$ interbank rates at 3pm yesterday Offer Bid Overnight
      120 words
    • Article, Illustration
      Asian $ market
      288 5 Asian market ASIAN dollar deposit rates closed easier yesterday than Thursday in quiet trading due to lack of interest. Short-dates weakened around 3/16 point at the outset and then Friday/ Monday and Monday/Tuesday fell a further 1/8 to close at 8-7/8 8-3/4 and week fixed eased 1/16 to 8-15/16 8-13/16.
      288 words
    • Article
      Lock icon Simex
      376 5 BA Futures Inc EURODOLLAR futures opened lower yesterday than Thursday and traded cautiously upwards in a thin market. Low volume in view of a US holiday did not provide the upward momentum despite the rapidly declining Eurodollar deposit rates in the afternoon. December Eurodollar opened at 90.53, the low
      BA Futures Inc  -  376 words
    • Article
      Gold
      101 5 HONGKONG: The report was unavailable yesterday. TOKYO: The market was closed yesterday. LONDON: The morning gold fix yesterday was U*****.00 an ounce, up $0.06 from the previous fix. Retail prices S$/gm 24k gold 28.57 22k gold 26.98 90% gold 24.33 Source: Singapore Jewellers Association Gold US$/oz Fri Thurs SINGAPORE
      101 words
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  • TIME-OFF
    • Article
      Slums today, gems tomorrow
      478 6 THE SEARCH for a formula to make tourism a growth industry once more has thrown up 93 suggestions for action. Time alone will determine if they add up to the right answer. The Ministry of Trade and Industry did well in addressing the problem seriously by
      478 words
    • Article, Illustration
      A blessed brightness
      657 6  -  Judges sought creative, sensitive imaginations and the use of the chosen media. How they measured each child's effort is most certainly an adult task because the children used varied effects with a dexterity beyond many trained adult artists. By MONICA GWEE CHILDREN do not lie. A sweeping
      657 words
    • Article
      Introducing the genuine Japanese pizza
      267 6 STRAWS in the Wind A CURIOUS dish called "Pizza Toast" is included in Japanese cooking classes conducted by a Japanese housewife. In spite of its name, the dish is apparently quite Japanese. It is said to be popular among Japanese executives, some of whom have
      267 words
    • Article
      SHIPS IN PORT
      783 6 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Chang Ming 18 Yick Fung alongside 24.11.84/0500 Jin Chang 29/30 Yick Fung alongside 24.11.84/0600 Prosperity 5 BengKie alongside 24.11.84/1300 Ramdas 31/2 RJuma 23.11.84/2300 25.11.84/0600 Bum chin 15/6 Sharp 24.11.84/2300 25.11.84/0700 DeDu 44 Yick Fung 24.11.84/1200 26.11.84/2359 KotaAngkasa
      783 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      769 6 S hi aiim jiiiii ■■■a I CRYPTIC PUZZLE ACROSS 8 Notices a bit has got broken (7) 9 The darned nightie I removed in bed (9) 13 After a second, write "It's a tree" (5) 14 Force to give a lift to (5) 15 The lond-lady's reading (7) 16 Have
      769 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      563 6 A Spirit Soul painting by Shu Li. SSO's Familiar Favourites Concert with Lim Yau making his debut as assistant conductor. Soloist is pianist lan Chee, a junior college student who will be playing Grande Polonaise Brillante, for Piano and Orchestra, Op 22. Tonight, Victoria Concert Hall, 8.15 pm. Tickets: $4,
      563 words
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  • SPORTS
    • Article, Illustration
      All systems go for Jingle Bell IV
      704 7  -  By BRIAN MILLER CHRISTMAS will come a month earlier to the Sungs of Auric Stable when Jingle Bell IV gets down to the task in tomorrow's running of the $157,000 Lion City Cup sprint at Bukit Timah. However, there will definitely be no
      704 words
    • Article, Illustration
      Kevin Lee battles for two titles
      478 7  -  By WALTON MORAIS SEVENTEEN-YEAR-OLD Kevin Lee will have his hands full this weekend chasing after two titles at two different links. The younger brother of international Vincent who is away representing Singapore in the Putra Cup competition will play 54 holes in about 36
      478 words
    • Article
      Lock icon Majesty's Prince favoured to win in Japan Cup
      312 7 AP THE NUMBER ONE post position was drawn by Mr CB on Thursday with favourite Majesty's Prince, owned by American John Marsh and representing the United States, in position 7 as 14 horses were entered for the 142.5-million yen Japan Cup on
      AP  -  312 words
    • Article
      Lock icon Exit Griffiths from the Coral championships
      249 7 AFP FORMER world champion Terry Griffiths, the No 9 seed, crashed out of the £100,000 Coral UK snooker championships at the first hurdle in Preston, northwestern England, on Thursday night. The Welshman's season of premature exits from top tournaments continued when his compatriot Cliff
      AFP  -  249 words
    • Article, Illustration
      Lock icon McEnroe's injury puts him out of the Open
      380 7 AP JOHN MCENROE, the world's No 1 player, will miss the Australian Open because of an injury to his left wrist, but will be able to play for the United States in the Davis Cup final next month in Sweden. McEnroe was
      AP  -  380 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      1029 7 m m bodo® HIGHLIGHTS Centrestoge Three Cheever Stories The Five Forty-Eight 8.30 pm, Channel 12 The Five Forty-Eight, a commuter train that shuttles hundreds of people out of New York into John Cheever's fictional suburbia, is the setting for this eerie story of an unstable young woman obsessed with her
      1,029 words
    • Miscellaneous
      Page 7 Miscellaneous Column 2
      115 7 Doonesbury ROBERT VESCO, AS AN NNOHATIVE HNANOEROF THE HIGHEST ORDER, yOU HAVE MAPE THE CARIBBEAN MX wwiMOiMaxNmJiMHEPrrs back on you, you skjilfullymovb> yOUR ASSETS TOim BAHAMAS yOU NOW OPERATE MP EMPIRE FROM an unpiscwsep location. 565. m X 7 y JL 21 m m m. II I I 1 p
      115 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Dee Corp to pay £180m for International Stores
      410 8 Reuter DEE CORP PLC and Bat Industries PLC have reached an agreement for Dee to acquire International Stores Ltd from Bat for £180 million. The consideration will take the form of 113.2 million new Dee ordinary shares. These shares are being conditionally
      Reuter  -  410 words
    • Article
      Lock icon Western Union loses US$100m credit line
      384 8 FT WESTERN UNION, the US telecommunications group, has lost a US$lOO million eight-year revolving credit agreement which was set up last month with a group of eight banks, led by Manufacturers Hanover. At the same time, Western Union announced it had appointed Salomon Brothers,
      FT  -  384 words
    • Article
      Lock icon Volvo to raise STC stake to at least 90 per cent
      129 8 Reuter AB VOLVO plans to increase its stake in Scandinavian Trading Co AB (STC), whose shares were suspended in Stockholm on Thursday, to at least 90 per cent from the present 83 per cent. A company statement said shareholders
      Reuter  -  129 words
    • Article
      Toronto
      218 8 NOV 22 Ab.t*> Akron C* 2V 37 s unch >k Hud Boy M*i Imp 04 Inco Int Pro* Pipe Int Uts 64 454 144 32 204 ■f 4 4 4 unch unch Algomo Bonk Mont Bonk Novo Scotia Bed Tel BP Con Ltd 174 234 134 344 26S unch
      218 words
    • Article
      Johannesburg
      316 8 NOV Ti ft 1 4 Un SteH 140 4- 17 INDUSTRIALS A Alpho 875 Abercom ISO unch 3 Om*ec Woolworth 460 1500 MININGS unch A£ And CI Amaprop AMC 785 360 unch 10 Anglo* 2500 unch 2750 Angtvoal ***** Borrows 1110 in Byvoon 1800 unch C G Smith crsiA
      316 words
    • Article
      Lock icon Lonrho executives resign from House of Fraser board
      107 8 Reuter LONRHO PLC chairman Lord Duncan-Sandys and Lonrho chief executive Roland Rowland have said they will resign from the Fraser board with effect from December 31, 1984, according to House of Fraser PLC. Earlier this month, Lonrho sold its 29.9 per cent
      Reuter  -  107 words
    • Article
      European markets
      998 8 Amsterdam NOV 22 Fh ABN 332 00 -2 5 Aegon 131 00+0 5 Ahold 175 00 -2 2 Akio 93 30 +04 A.ME V 190 50 +08 Amtos Amrobok 62 70 -0 9 Be»"V 41 50 unch BoH 100 00 07 Borsumii 276 00 -4 Botfco Burtet 67
      998 words
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      Page 8 Advertisements Column 1
      656 8 Si st m iff T ir»^P SH 8 S2 m i >— E your very own retreat ir i i s Mr-. '-aISS^ At Scotts Cafe, we serve all your tastebuds' fancies from delicious Western cuisine to mouth-watering Oriental dishes. Set in an intimate atmosphere surrounded by red brick walls,
      656 words
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      Page 8 Advertisements Column 2
      162 8 London stocks, Page 11 m m LOMMgB 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, 25% off on all drinks.
      162 words
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  • ASIAN STOCKS
    • Article
      Hongkong
      378 9 HONGKONG: Share prices made modest gains in fairly active trading yesterday with major overseas institutions apparently quite eager to buy. The Hang Seng Index closed 8.23 higher at 1,096.04. Turnover totalled HK5168.93 million compared with Thursday's $209.97 million. Among leaders, Cheung Kong gained 20 cents to $8.90, HK Land
      378 words
    • Article
      Taipei
      233 9 MT i Chem Indus 18 50 +0.1 Lien Hwo Indus 10 45 -0.4 Am c u~fc A7 C n 7 Nan Yo Plas 29 40 +0 3 AISrKer. Indus 675 +07 Pocrflc Com 26 00 0 1 Ce T ent 25 50 +0 4 p<jcrfK £|ec Cathay Cons 27
      233 words
    • Article
      Sydney
      501 9 SYDNEY: Share markets closed easier yesterday with resource stocks under pressure on concern that the slowdown in the US economy may lead to weaker metal prices. Near the close, the All Ordinaries Index was 2.6 points down at 770.1. National turnover was 45.93 million shares. BHP was steady at
      501 words
    • Article
      Manila
      134 9 MANILA: Share prices closed generally easier in quiet trading yesterday. The Commercial and Industrial Index rose 0.60 to 110.58, the Mining Index fell 1.40 to 826.79 and the Oils Index eased 0.007 to 0.606. Atlas Conß rose to 27.50 from 27 and PLDT to 37 from 36.50 while Philex
      134 words
    • Article
      Bangkok
      162 9 BANGKOK: Stock prices closed mixed in quiet trading yesterday. The Book Club Index rose 0.08 point to 124.57. Turnover was 609,324 shares compared with 745,800 on Thursday. Singer Thailand Ltd rose one baht to 39.50, and Sinpinyo Fund 0.25 to 26. Siam Citizens lost two baht to 117.50, and
      162 words
    • Article
      Seoul
      91 9 Nov 23 Bonk Seoul Choheung Bk Commercial Bk Doekm Ind Daewoo Corp Doewoo Ind Dong Ah Won 653 613 720 540 481 630 650 740 2 1 7 -8 -4 1 -10 -24 Hyundai Motor KAL Korea Fnl Korea Ol Korea Ship Lucky Ltd Somiung Co Sam*ung Elec Samhwan
      91 words
    • Article
      Lock icon Mitsui expects lower profits this year
      130 9 Reuter MITSUI and Co Ltd says it expects a smaller but unspecified parent company after-tax profit for the current year ending next March 31 than last year's 6.17 billion yen because of increased extraordinary losses. Sales should rise to 14,500 billion yen from 13,960
      Reuter  -  130 words
    • Article
      Samsung develops new 256 KDRAM semiconductor
      86 9 SAMSUNG Semiconductor and Telecommunications Co of South Korea has succeeded for the first time in the country in developing 256 kilobit-dynamic random-access memory (KDRAM) semiconductors. Korea's largest semiconductor maker, having started batch production of 64 KDRAM last August, will thus enter into fullyfledged mass
      86 words
    • Article
      Lock icon Japanese ministry plans to sell privatised NTT shares
      237 9 FT THE JAPANESE Finance Ministry, in a bid to fill the expected revenue shortfall in next fiscal year's budget, is planning to release government-owned shares in the Nippon Telegraph and Telephone Pulbic Corp (NTT) after it has become privatised next April. Ministry
      FT  -  237 words
    • Article
      Lock icon Unicla Industries to go full steam on export drive next year
      369 9 Bernama UNICLA Industries Sdn Bhd, a Malaysian-Japanese joint venture in the manufacture of automotive air-conditioners, hopes to export 60,000 air-conditioning units beginning next February. Firm orders from Japan, Australia and the US have already been received. Unicla Industries has
      Bernama  -  369 words
    • Article
      Lock icon Sanyo sets up new company in China
      110 9 FT THE SANYO Electric Group has set up a new company in China's Shenzhen special economic district to produce silicon transistors starting next February. Sanyo Semiconductor (Shekou) Co Ltd will be capitalised at HK$lO million and owned 75 per cent by Sanyo Semiconductor
      FT  -  110 words
    • Article
      Lock icon Ryowa Motors goes bankrupt
      69 9 FT RYOWA MOTORS Co, a major car dealer affiliated with Mitsubishi Motors Corp, has gone virtually bankrupt, with liabilities estimated at 12.46 billion yen. The Tokyo-based firm, capitalised at 500 million yen and listed on the second (minor) section of the Tokyo Stock Exchange, declared itself
      FT  -  69 words
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      Page 9 Advertisements Column 1
      446 9 $'"_.~*^;{?*,[(;~_^$,}(}>>){[`} TONIGHT! PLUG INTO AN ELECTRIFYING EXPERIENCE! THE lON BAR ro f^£>^ t lON BAR 1 405 Havetock Road Singapore 0316 Tel 733 2081 yj, '■mm >' 'mr 4 x#s V *lil. us M JL Baron's Table Sunday Brunch... you'll love it.' Give mum a break this Sunday and bring
      446 words
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      Page 9 Advertisements Column 2
      133 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL LOUNGE With Ramon D' New Blackjacks and Larry's Midnighters Buy a drink during Happy Hour and the next one's on the house! Our drinks include: Black &> White Premium Scotch, Renault OVB, Pernod 45, Bristol Cream, Peter Heering, Old Oak White Label,
      133 words
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  • SHARE INFORMATION
    • Article, Illustration
      Stock market scores another double-digit gain
      4299 10 SHARE PRICES in the Singapore stock market posted double-digit gains for the second consecutive day yesterday, to the delight of investors. The Business Times Composite Index soared 14.36 points to 718.34 while the Straits Times Industrial Index shot up by 15.03 points to 810.87.
      4,299 words
    • Article
      Chief price changes
      261 10 SINGAPORE Rises Indices Selongor Drod* 500 +40 No. 23 No. 24 275 +32 IT Cempowtt 703 98 ***** Aiecol 25« 252 22 IT ladicotor *****04 23M492 M 8onk«s t >80 +20 IT OI/OS -265 -74 Oiuon Hup 310 +17 ST Udustnots ***** ***** Sport Lond 290 +17
      261 words
    • Article
      KLSE upward move continues
      483 10 SHARE PRICES continued with their upward momentum at the Kuala Lumpur stock market yesterday in fairly active trading. Right from the opening bell, values advanced across the board on strong buying interest to close higher for the second straight day. Interest was fairly widespread, although several
      483 words
    • Article
      Business done on the SES
      4267 10 BID and offer prices officially listed and business In and reported to tile Stock Exchange of I Singapore yesterday with the number of shares traded shown In brackets In lots of l.OOQjinltt. unless otherwise specified. All Time SetUement Contracts are quoted after the word "SETT".
      4,267 words
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  • COMPANY NEWS
    • Article, Illustration
      CHART POINT
      340 11  -  By HOCK LOCK SIEW SHARE PRICES move in trends and trends tend to continue along their charted course until something happens to make them change direction. Such changes usually take place without much apparent shifts in the fundamental picture, but are nearly always detectable in the action of
      340 words
    • Article
      Study on sale of Malaysian Telecoms ready
      314 11 ARAB Malaysian Merchant Bank (AMMB), lead adviser to the Malaysian government on the privatisation of Telecoms, is believed to have submitted a preliminary report on its study. Its full report, including the detailed recommendaions, is expected to be completed by the end of
      314 words
    • Article
      Selected indices
      96 11 HONGKONG Australian Industrials Hang Seng Index Friday 1115.2 Thursday 1115.2 Friday 1096.04 Week ago 1128.1 Thursday 1087 81 NEW YORK Dow Jones Week ago 1071.79 TOKYO Thursday Closed Wednesday 1201.52 Tokyo Dow Jones Week ago 1206.16 Friday Closed Thursday *****.60 Week ago *****.45 Standard and Poors Thursday Closed
      96 words
    • Article
      Four directors appeal for shareholders' support
      714 11 TUSSLE FOR CONTROL OF KAMUNTING FOUR DIRECTORS of Kamunting Tin Dredging (M) Bhd, threatened with removal from the board, have appealed to shareholders to retain them. They are Mr FKJ Jackson, Mr Baharuddin bin Ma'arof, Haji Mokty bin Datuk Mahmood and Mr Zain Azahari
      714 words
    • Article
      Unit trusts
      226 11 Managers' prices Second B'putro 475 480 for Nov 24 26 Third B'putro Fourth B'putro Fifth B'putro Sixth B'putro 402 427 294 4 07 432 299 Singapore Unit Trust The Commerce 2.54 2.70 284 289 The Savings Fund 1.73 184 Seventh B'putro (A) 1 99 204 S'pore Prog Fund
      226 words
    • Article
      Kumpulan gets green light for 26pc stake in Hi & Lo
      358 11 Kumpulan gets green light for 26pc stake in Hi Lo KUMPULAN GUTHRIE Sdn Bhd (KGSB) has received FIC approval for the acquisition of 79.27 million shares in Highlands A Lowlands Bhd (Hi A Lo), representing 26.23 per cent of Hi A Lo's paid-up capital. KGSB said that following the acquisition,
      358 words
    • Article
      COMPANY BRIEFS
      182 11 DIRECTORS of QAF Ltd, the former Ben Co, and United Merchant Bank Ltd, acting as independent adviser to minority shareholders, have recommended that shareholders should not accept the takeover offer made by ParkwMd Investments Ltd. This is natural since there is the put option for shareholders to sell
      182 words
    • LATEST RESULTS
      • Article
        PETALING Tin Bhd:
        70 11 Group* pre-tax profits for the year ended Oct 31, 1984, were sharply lower at M 52.94 million (from $9.68 million). Its earnings were markedly affected by tin export control, the closure of dredge No 7, and the payment of tribute amounting to $7.29 million. An interim dividend
        70 words
    • Article
      LONDON STOCKS
      1016 11 THE MARKET yesterday opened lower, extending Thursday's declines in the face of weaker sterling and the softer tone in spot oil markets, dealers said. At 0945 GMT the FTSE 100 Index was down 5.1 at 1153.1. Turnover was light ahead of the British Telecom flotation, while the absence
      1,016 words
    • Article
      Business done on the KLSE
      2663 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Acmo (2 006) A Choc (2 688 2715) (4)
      2,663 words
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  • Article
    More Telecoms services in the next few years
    510 12  -  By LOH HUI YIN NEW SERVICES will be introduced by Telecoms in the next few years. Teleview, a system using telephone lines for communication and the home TV set for display, will be on trial service by 1986. By using the telephone
    510 words
  • Article
    Tourism future hinges on convention and shopping
    599 12  -  By LEE HAN SHIH THE FUTURE of the tourist industry depends much on whether Singapore can be turned into an open convention and shopping centre, whether goods are priced competitively and convention delegates given free entry into the country. Some measures have already
    599 words
  • Article
    Myshop faces winding-up petition from Gardenia
    383 12  -  By LUCY NG MYSHOP Convenience Store (S), which was recently sold to one of its suppliers, is now facing a winding up petition from another. Gardenia Foods (S), which supplied bread to the company, claims that Myshop owes the company more than $60,000. But
    383 words
  • Article
    SALE exporting pigs to Hongkong
    405 12  -  By BOEY KIT YIN NEARLY 2,000 pigs left Singapore by ship for Hongkong yesterday and another 2,000 are expected to make the journey there next month. Yesterday's shipment was the first in four years and was an attempt by a major local pig farm to
    405 words
  • Article
    Lock icon Cambodian rebel groups join forces to regain key guerilla base
    252 12 UPI RIVAL Cambodian rebel groups joined forces yesterday in a counter offensive to regain control of a key guerilla base captured three days ago by Vietnamese troops. Thai military sources at the Cambodian border said guerillas from all three major
    UPI  -  252 words
  • Article
    Singapore to ask Holland for more liberal traffic rights
    311 12 SINGAPORE will ask for more liberal traffic rights from Holland at their coming bilateral civil aviation talks. It is believed that at next week's talks, Singapore will look for flexibility in routing arrangements for points beyond Holland. The question of increasing
    311 words
  • Article
    National Day awards given to 190
    410 12 PRESIDENT Devan Nair presented the 1984 National Day awards to 190 civil servants at the Singapore Conference Hall yesterday. The awards The Order of Temasek, The Meritorious Service Medal, The Public Service Star, The Public Administratoin Medal, The Commendation Medal and The Public Service
    410 words
  • Article
    Dow Jones higher
    62 12 WALL STREET stocks were higher in the first 15 minutes of trading yesterday. Analysts expect the market to react favourably in the traditionally positive post-Thanks-giving session and in reaction to the Federal Reserve Board's lowering of the discount rate by one-half point to 8 1 .> per
    62 words
  • LATE FILE
    • Article
      Lock icon Philippines GDP to decline
      42 12 Reuter THE PHILIPPINES expects its gross national product to show a real decline of six per cent this year with zero growth next year and a one per cent increase in 1906, Prime Minister Cesar Virata said. Reuter
      Reuter  -  42 words
    • Article
      Lock icon Japan's airspace violated
      35 12 UPI TWO SOVIET TU-95 bears yesterday defied 34 Japanese fighters and violated Japan's air space over Western Japan in the second such intrusion in II days, a Japanese defence official said. UPI
      UPI  -  35 words
    • Article
      Lock icon Vietnamese refugees landed
      45 12 Bernama A TOTAL OF 115 Vietnamese boat people has landed at the beach near Hotel Primula, Batu Buruk, Malaysia. They are now housed at a temporary camp in Kampung Kelulut near Marang from where they would be later transferred to Pulau Bidong.
      Bernama  -  45 words
    • Article
      Lock icon Seoul businessmen ask for help
      58 12 Reuter THE SOUTH KOREAN Chamber of Commerce and Industry yesterday put fresh pressure on the government to stimulate the economy, insisting that companies were having trouble getting loans. Their call came only days after Economic Planning Minister Shin ByongHyun ruled out stimulating the economy, saying
      Reuter  -  58 words
    • Article
      Lock icon Agenda for Gatt
      37 12 AFP PERSISTENT protectionism, the US Omnibus Trade Act and illicit product copying will feature at the annual conference in Geneva of the General Agreement on Tariffs and Trade from Nov 26 to 29. AFP
      AFP  -  37 words
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      Page 12 Advertisements Column 1
      52 12 Asia's only micro computer magazine for senior decision makers m i! IIJI Vol 1 No. 1 The Computer Magarine For Business Dscrs And flrtf Time Buyer* feutt Only Computer Magazine Answering tour The Apricot In Black And Microcomputer '-*4 Ud>M« Available at Times Book Centers, all major Book Shops and
      52 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      55 12 Outlook for today: Cloudy with showers in the late afternoon and evening. Report for 24 hours prior to 7 30pm on Nov 22 at the airport Maximum temperature 30.7 Associated humidity 63 Minimum temperature 23.5 Associated humidity 99 Hours of sunshine 2.95 Rainf&ll in millimetres 29 Rainfall this month 113.1
      55 words