The Business Times, 1 December 1984
1984-12-01
1
12
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The Business Times
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Title Section12 1984-12-01 1 BUSINESS TIMES SATURDAY, DECEMBER l', 1984 60 CENTS M.C. (P) No. 66/1/8412 words
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Article, Illustration608 1984-12-01 1 RICHARD SEAH - Actus invests $32m in design and distribution centre By RICHARD SEAH A MAJOR PROJECT to make Singapore a furniture design and distribution centre for worldwide markets will not only be a big boost to local furniture manufacturers, but also spin608 words
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354 1984-12-01 1 JOANNE YAP - By JOANNE YAP SINGAPORE understands Indonesia's desire to move away from oil and primary commodities, and is keen to work with the country in these efforts. The chairman of the Trade Development Board, Mr Chandra Das, yesterday pointed to the signing354 words
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Article254 1984-12-01 1 SINGAPORE and Indonesian businessmen are trying to break down the "psychological barriers" that may harm trade relations. This was evident from statements made by the the president of the Indonesian Chambers of Commerce and Industry, Mr Sukamdani Gitosardjono, and the chairman of the Singapore Importers254 words
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Article, Illustration257 1984-12-01 1 THE SINGAPORE stock market feil sharply yesterday, to the disappointment of investors who had bought on the recent rally. The BT Composite Index dropped a hefty 15.65 points to 716.27 while the Straits Times Industrial Index crashed 16.31 points to 817.56. Volume was257 words
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467 1984-12-01 1 JAMIE LYE - By JAMIE LYE MORE PUBLICITY, not more hotel rooms, is the answer to enhancing Sentosa's attraction as a tourist resort. This is the view of Singapore hoteliers, who disagree with the tourism task force's suggestion that an international class beach hotel467 words
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531 1984-12-01 1 ALVIN TAY - By ALVIN TAY DBS BANK will reduce its prime lending rate by another one-quarter point to 9 per cent on Monday, its fourth reduction since Oct 29. The cut matches the bank with Oversea-Chinese Banking Corporation and Chemical Bank in quoting531 words
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73 1984-12-01 1 MINISTER OF Defence and Second Minister for Health, Mr Goh Chok Tong, will tour the Bukit Merah and Brickworks constituencies on Sunday. Accompanying Mr Goh are: Mr Lee Yock Suan, Minister of State (Finance); Mr Ch'ng Jit Koon, Senior Parliamentary Secretary (PMO); Mr73 words
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Page 1 Advertisements
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Advertisement153 1984-12-01 1 Sponsor: SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention. Organiser: INTERFAMA PTE LTD Tel *****12 YAMAHA CARBON COMPOSITE CLUBS. Proven tops in scientific tests. ir ii X ,<>' J. Tests carried out by a Swing Robot, the most reliable golf testing equipment to date, have proven153 words
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Advertisement272 1984-12-01 1 a mm THE Swiss Wotch Industry has asked its Asian counterports to join forces in the fight against fraud, because to abandon the fight would be nothing less than an invitation to let the market disintegrate. Pag«2 PRESIDENT Reagan has decided to cut spending enough to reduce the deficit by272 words
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Advertisement138 1984-12-01 1 Full report, Page 10 Asian stocks, Paga 9 Intarnational stocks, Paga 8 Hongkongßank VISA and Hongkongßank MasterCard Only Hongkongßank offers both these credit cards for the cost of one. That's value! And both can be used in our ETC machines. That's convenience! L Two cards at no additional cost Boih138 words
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Advertisement25 1984-12-01 1 ft B5 Asia's 4th Int'l Medical. Hospital Dental Equipment Technology Exhibition Conference 18th 21st April 1985 Dynasty/Hyatt Hotels Singapore Organiser INTERFAMA PTE LTD Tel *****1225 words
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HOME NEWS
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191 1984-12-01 2 CLOCK AND WATCH makers in Asian countries must keep abreast of developments in product design to stay competitive. This is because the sale of a product depends very much on the design, quality and technical innovations. Dr Wong Kwei Cheong, Minister of State191 words
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414 1984-12-01 2 GRACE YU - By GRACE YU SINGAPORE should have by 1967 a centre for research into the upgrading of computer equipment, according to plans disclosed yesterday by Cipher Data Products Singapore, the local subsidiary of US-based Cipher Data Products. The company, which produces quarter-inch414 words
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Article, Illustration329 1984-12-01 2 PRIVATE residential and commercial areas along Upper Thomson Road and Marymount Road now come within the boundaries of Bishan New Town. Westlake Gardens, Clover Parte, and Yew Lian Park are some of the residential developments within the area. Four new HDB neighbourhoods Shunfu329 words
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229 1984-12-01 2 THE GROWING furniture market in Singapore has attracted another Danish company to set up shop here. CC Marble House Pte Ltd, the first overseas venture of CAC of Denmark, the largest marble retailer in Europe, is set to carve a niche for itself229 words
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202 1984-12-01 2 TECHNOLOGY SWEDEN, which will open in Singapore on Wednesday for three days, will be Sweden's largest ever trade promotion in the Asean region, said Mr Haakan Berggren, the Swedish ambassador, yesterday. Mr Berggren said Sweden has been trading in South-east Asia since202 words
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Article32 1984-12-01 2 COUNTDOWN TO '85, a twohour live show to usher in the New Year, will be held on Dec 31 and not Dec 1 as reported in BT yesterday.32 words
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408 1984-12-01 2 SHAHRIR ARIFF - By SHAHRIR ARIFF THE FEDERATION of the Swiss Watch Industry has asked its Asian counterparts to join forces in the fight against fraud in the industry. To abandon the fight would be nothing less than an invitation to let the markets disintegrate and for408 words
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Article190 1984-12-01 2 THE GOVERNMENT should look deeper into underlying issues that make businesses more difficult to operate today, a Member of Parliament said. Basic problems, such as the high cost of operating, would have to be examined if Singapore wanted to remain a shopping paradise for tourists. Mr190 words
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189 1984-12-01 2 FITZPATRICK'S at Orchard Road is spending (1 million in its battle for consumers, particularly against its arch rival Cold Storage at Centrepoint. The company has added a further 300 square metres of shopping space to its 900-sq metre supermarket, which opened for business earlier189 words
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Article, Illustration280 1984-12-01 2 GOLD, silver and precious stones will soon be a permanent feature of the place that used to house the Central Police Station. The police force has long moved out of the station at South Bridge Road to make way for280 words
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242 1984-12-01 2 SINGAPORE'S drive for productivity is being implemented without proper planning by many companies, according to a survey carried out by the National Productivity Board in August this year. It revealed that while eight out of 10 companies have introduced some measures to increase productivity,242 words
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175 1984-12-01 2 AUTOMATIC sprinklers can reduce the probability of a huge fire by about 70 per cent if buildings had such sprinklers. But they have to be properly installed and maintained, said Mr Tan Jul Seng, deputy director of the Singapore Fire Service. He175 words
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Article, Illustration376 1984-12-01 2 FRANK J O'BRIEN has been appointed the new Australian trade commissioner. He will be responsible for the promotion of Australian engineering and technical products, and the computer and consultancy industries. Mr O'Brien replaces the former trade commissioner, Mr Phillip Sibree, who is now senior trade commissioner in376 words
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79 1984-12-01 2 MORE THAN 500 civil servants received efficiency and long service medals yesterday. The 1984 National Awards were handed out by President Devan Nair and the Minister of State for Trade and Industry, Dr Wong Kwei Cheong, at the Conference Hall. The President presented 150 efficiency79 words
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OVERSEAS
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351 1984-12-01 3 Reuter THE 90-NATION world trade body Gatt was expected to adopt a new work programme yesterday at the close of its annual meeting after delegates resolved a major North-South rift over trade in services such as banking and insurance. The row, sparked byReuter - 351 words
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Article260 1984-12-01 3 Reuter AMERICAN companies have a great opportunity to exploit increasing liberalisation of the Indian economy under Prime Minister Rajiv Gandhi, the leader of a US business delegation to India said yesterday. Mr Orville Freeman, leader of the delegation to a meeting of the Indo-USReuter - 260 words
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ECONOTES
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Article41 1984-12-01 3 JAPAN'S jobless rate remained high in October while the nationwide consumer prices were stable. The Prime Minister's Office said yesterday that 1.59 million people were jobless, or 2.78 per cent, after seasonal adjustments, up 0.01 point over September.41 words
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40 1984-12-01 3 THE West German mechanical engineering industry is surging ever more strongly out of recession, buoyed by a boost in orders of 27 per cent in real terms in October against the same month last year.40 words
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Article60 1984-12-01 3 SOUTH KOREA'S trade deficit with Japan widened to US$2.5B billion in the first 10 months of this year from $2.29 billion in the same 1963 period. Imports from Japan in the first 10 months this year rose 4.8 per cent over the same 1963 period60 words
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Article22 1984-12-01 3 Agencies PAKISTAN'S planning commission has denied that it is cutting the country's ambitious five-year economic development plan. Agencies.Agencies - 22 words
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Article, Illustration168 1984-12-01 3 Reuter, UPI picture A 20-YEAR-OLD man hijacked a small jet and threatened to blow it up with two hostages on board before surrendering at Atlanta's Hartsfield airport on Thursday. The FBI said Juson Dean Talley surrendered' after four hours of negotiations during which he demanded toReuter,; UPI picture - 168 words
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174 1984-12-01 3 AP FOR THE SECOND TIME in a month, government prosecutors have given armed forces chief General Fabian C Ver and 25 other men 10 days to answer charges of double murder in the slaying of former Senator Benigno Aquino and Rolando Galman, hisAP - 174 words
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WORLD IN BRIEF
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Article92 1984-12-01 3 THAILAND has complained of renewed Vietnamese incursions into its territory and has recalled its legitimate right to take steps to protect Thai citizens and safeguard the country's sovereignty and territorial integrity. In a letter to UN secretary-general Javier Perez de Cuellar, Thailand's UN ambassador Birabhonghse Kasemsri accused Vietnam92 words
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Article81 1984-12-01 3 TH$ SRI LANKAN government has sealed off the strifetorn northern region of the country and declared a "No man's land" along a 320 km stretch of coast to avert a feared invasion from India by Tamil separatist rebels. The establishment of a security zone covering the en-81 words
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Article62 1984-12-01 3 AT LEAST 17 people have been killed in violence which broke out during a strike by bus drivers in the southern Philippine city of Davao. Police said yesterday that among those killed since the strike began on Monday were six alleged members of the communist guerilla New People's62 words
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Article87 1984-12-01 3 ABOUT 300 Australians are being treated for Aids and police in New South Wales are being issued with plastic gloves because they fear the disease could be passed on by erring motorists. Health officials said 30 of the victims are in the advanced stages of Aids (Acquired87 words
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Article76 1984-12-01 3 SAN FRANCISCO police and FBI officials yesterday announced a breakthrough in the case of a murdered Chinese journalist whose relatives claim he was killed because he wrote a book hostile to Taiwan. Police said they had arrested one man, David Yu, and are seeking arrest warrants for three76 words
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Article61 1984-12-01 3 SOUTH KOREAN President Chun Doo Hwan yesterday reinstated 84 blacklisted former politicians and allowed them to return to politics in a continuing gesture of national conciliation. President Chun's latest move leaves only 15 people on the government's political blacklist, which will remain in force until June 1988. Those61 words
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Article113 1984-12-01 3 Agencies SOUTH KOREAN opposition leader Kim Dae-jung faces rearrest and imprisonment for sedition when he returns to his homeland. In a letter released in Washington on Thursday by US Senator Edward Kennedy, Seoul's ambassador to the US Lew Byong-hion said that when Kim "returns to Korea, heAgencies - 113 words
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Article210 1984-12-01 3 UPI A CHINESE trade delegation left Beijing for Moscow yesterday to sign an agreement aimed at increasing Sino-Soviet trade in 1985 to well above US$l billion. Chen Jie, deputy to the Minister of Foreign Economic Relations and Trade, flew to Moscow yesterday to sign aUPI - 210 words
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Article, Illustration423 1984-12-01 3 UPI PRESIDENT Ronald Reagan has decided to cut spending enough to reduce the deficit by half in three years and has decided to freeze government spending in the 1966 fiscal year to 1985 levels. An administration official, who asked not to be identified, said thatUPI - 423 words
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397 1984-12-01 3 UPI WEST GERMAN ChanceUor Helmut Kohl has arrived in Washington to meet President Reagan on issues ranging from arms talks to US steel import curbs that might provoke a trade war with Europe. Mr Kohl, scheduled to meet Mr Reagan and Secretary ofUPI - 397 words
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349 1984-12-01 3 AUSTRALIAN Prime Minister Bob Hawke is expected to score a major victory in today's general elections in spite of last minute indications that the government lost some support to an anti-nuclear party that wants to close all US military bases in Australia. Every349 words
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147 1984-12-01 3 UPI FRANCE RUSHED three more police units to New Caledonia yesterday following reported attacks on a white couple by native Melanesians seeking independence from France. French officials said three police companies were to arrive from Paris, raising to 1,500 the number of officers sentUPI - 147 words
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Article111 1984-12-01 3 Reuter THE OPEL KADETT has been named car of the year, beating the Renault 25 and Lancia Thema in a poll of 51 motoring journalists from 16 European countries. The Kadett scored 326 points, the Renault 267 and the Lancia 191. The HondaReuter - 111 words
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Article740 1984-12-01 3 ARRIVALS Operator Service 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 MH68I 0820 KUL CV CV796 0845 LUX/AUH KAL KE624 0850 KUL MAS MH603 0905 KUL sv SV378 0920 JED/RUH MAS740 words
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Page 3 Advertisements
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Advertisement13 1984-12-01 3 Pan Am. Direct to Tokyo ¥W At A Fri 10.40 am 3\ r\13 words
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RAW MATERIALS
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289 1984-12-01 4 GLOBAL TIN STOCKS are intolerably high and the tin industry is in major structural surplus, broker Shearson Lehman/American Express says in a report. The price would be significantly lower without the support of the International Tin Council's buffer stock. The surplus is289 words
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362 1984-12-01 4 Bernama PENINSULAR MALAYSIA produced 113,766 tonnes of rubber in September, a fall of 12,531 tonnes from the August output. The fall in production in the estates was 3.180 tonnes and in the smallholdings sector 9,351 tonnes, according to figures from the statistics department. CumulativeBernama - 362 words
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67 1984-12-01 4 AFP THE Textiles Surveillance body in Geneva will later this month consider a complaint by Hongkong about a delay in admitting some of its textile exports into the United States. US customs refused entry to three cases of shipments of Hongkong-made sweaters underAFP - 67 words
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Article273 1984-12-01 4 Singapore A-l special C-l special C-l Ordnory Loonzatn 100% 187 unq (S$/kilo, ei-godown) unq Thai white 100% 1st class (kangoroo) rvew crop 096 ftrst grade 100% second grode 100% third grode S3 unq 100% 2nd class 070 Parboiled 100% 3rd doss 070 5% 227 25% new crop No stock273 words
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Article155 1984-12-01 4 Chinese Produce Exchenge Robusta 20/25% FOB NSW Nutmeg 492 50 (Sellers' noon closing prices on Nov 438 00 30 S$/100 kg) 110 FOB NSW B w FOB NSW 281 00 Coconut oil Bulk FOB 180 00 Gambier Old drum FOB ***** FOB NSW 305 00 New drum FOB155 words
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Article160 1984-12-01 4 Yarn Sh*t*>g 116 50 (tn HK$ per bol« c4 400 lb) Hongkong Golden Peak. 60 x 60 ***** China carded yorn, cones Blue Phoenix 16's 3, >00 White cloth Blue Phoenix 20's Blue Phoenix 32's 3,200 3,780 Japan No 10,000 Three Peaches 221 50 Blue Phoenix 40's 3,950 Japan160 words
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Article198 1984-12-01 4 WHEAT futures closed one cent higher to Vt-cent lower in thin, featureless trade on the Chicago Board of Trade on Thursday. The most active December contract closed off Hcent at $3.55 ¥4 a bushel after trading in a narrow 1 V*-cent range. Activity was extremely light, with no fundamental198 words
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Article92 1984-12-01 4 The Koala Lumpur Tin Market price remained at the ITA floor level of Ms2t.ls per kg with the buffer stock manager again the main boyer. Interest from other sectors remains absent, as the Koala Lnmpnr premium held around Thursday night's £25# per tonne over the high grade spot92 words
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Article98 1984-12-01 4 MALAYSIAN crude palm futures closed quietly higher yesterday on light covering interest with sentiment aided by Pakistan's RBD palm oil purchase on Thursday night and India's presence in the market (or processed palm oil. Spot month December rose MJIO to $1,250 per tonne while January gained $5 to98 words
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Article101 1984-12-01 4 SOYBEAN futures closed two cents a bushel higher to lV«-cent lower in active trade on the Chicago Board of Trade on Thursday. The most active January contract ended two cents lower at $6.04 a bushel, after trading in a narrow 5 -cent range. Nearby prices held firm during the101 words
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Article1087 1984-12-01 4 COFFEE Robusta futures ended a subdued morning yesterday with losses from the previous close of £21 to £7. Spot November expired quietly at £2,265, down £10 and at a £23 discount to January which finished at £2,288, down £9. The market matched expectations of slight New Yorkbased losses1,087 words
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Article247 1984-12-01 4 SINGAPORE The market closed lower yesterday with December One RSS buyer quoted at 171.25 cents per kg, down 0.25 cent from Thursday. The morning session saw prices hovering narrowly around overnight levels in very quiet trading due lack of interest. Prices slipped slightly in the afternoon on continued lack247 words
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Article333 1984-12-01 4 RAS prices (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers Setters Int 1 RSS Prompt 169 50 170 50 169 25 170 25 Int 1 RSS D«c 84 171 50 172 00 171 25 171.50 Int I RSS Jon 85 174 00 174 25333 words
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Article107 1984-12-01 4 (cents/Vg, i pallets) December 84 January 85 (current mth) (forword mth) NOON NOON RAS Buyers Setters |«ym CJUM JflWl SSR20 166 00 I70.00N 170.00 172 OON SSR 50 166 00 168 OON 168 00 170 OON MRELB Buyers Setters Buyers r _M— SMR CV 196 50 198107 words
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Page 4 Advertisements
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Advertisement342 1984-12-01 4 A TIMES PUBLISHING BERHAD THE STRAITS TIMES PRESS (1975) LIMITED SINGAPORE NEWS 4. publications ltd SINGAPORE NEWS AND PUBLICATIONS LIMITED JOINT ANNOUNCEMENT The Directors of Times Publishing Berhad ("TP"), The Straits Times Press (1975) Limited ("STP") and Singapore News And Publications Limited ("SNPL") are pleased to announce that on 27th342 words
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BANKING AND FINANCE
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340 1984-12-01 5 FT THE DEADLINE for applying for banking licences in Australia has closed. Among the 40 or so applicants was Elders-IXL, the country's largest company in sales terms. Elders is not, however, putting all its eggs in the basket of Australian Finance Minister PaulFT - 340 words
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116 1984-12-01 5 AFP THE ASIAN Development Bank headquarters in Manila yesterday announced the approval of a US$l6 million concessional loan and a technical assistance grant to Pakistan (or a health and population project. The project is aimed at raising health conditions and loweringAFP - 116 words
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394 1984-12-01 5 PENG AILIAN - By PENG AILIAN THE LOCAL operations of the Bank of Canton will remain unchanged although it is now a wholly-owned subsidiary of the Security Pacific National Bank. The Bank of Canton maintains a full branch licence with the Asian Currency Unit in Singapore394 words
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Article, Illustration463 1984-12-01 5 AP IN SPITE OF brighter prospects, much remains to be done to help many debt-stricken Third World countries return to financial health. US Federal Reserve chairman Paul Volcker said: "We can take some, satisfaction from the fact that the crisis facing majorAP - 463 words
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342 1984-12-01 5 AP JAPANESE banks, seeking a bigger market for their money, are shifting their lending strategies by targeting at middlesized US corporations and expanding beyond the confines of California. At the same time, they are diversifying and dishing out more money than ever before.AP - 342 words
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232 1984-12-01 5 AFP CHINA meets all the necessary requirements, including political stability and financial credibility, to receive an influx of petrodollars, a visiting official of the Bank of Credit and Commerce International (BCCI) has said. The China Daily quoted Mr Arif Kamal, head ofAFP - 232 words
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193 1984-12-01 5 Reuter SUMITOMO Life Insurance Company said its New York subsidiary, Sumitomo Life America Inc, has made an investment advisory agreement with J P Morgan Investment Management Inc, a Delawarebased subsidiary of Morgan Guaranty Trust Company. Sumitomo Life America and J P MorganReuter - 193 words
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289 1984-12-01 5 FT THE WEST GERMAN Finance Minister, Dr Gerhard Stoltenberg, has called on Britain "at long last" to take on the rights and duties of full membership of the European Monetary System (EMS). He told Parliament in Bonn on Thursday that it was notFT - 289 words
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MONEY AND EXCHANGES
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Article766 1984-12-01 5 SINGAPORE: The US dollar yesterday extended its early gains against most major currencies on local and European buying prompted by news of a larger than expected rise in US M-l money supply figures. The American dollar rose to a late 3.0935/45 marks from an early 3.0860/ 70 and766 words
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Article, Illustration204 1984-12-01 5 mUItSiM average af the prtaw Mng rates af 12 majer baaks agenttat ta Stafapart 7 days 1 month 2 months 3 months 6 months 9 months 12 months us$ Offt Bid 8 13/16 8 11/16 8 15/16 8 13/16 9 1/8 9 9 13/16 9 1/16 9204 words
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Article49 1984-12-01 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Dec 3 to Dec 7. Offered: 1150,000,000. Applied fsr: $242,000,000. Allotted: $150,000,000. Accepted bids: $99.31 approximately 69 per cent; higher bids in full. Average rate sf dlseeaat sa aUetmeat: 2.750 per cent per annum.49 words
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Article116 1984-12-01 5 THE OVERNIGHT rate rose by 2% -point from Thursday to close at 7 per cent on the Singapore interbank money market yesterday. The one-month rate rose 1/16 to 511/16 while the two-month maturity was unchanged at 6V4 per cent. S$ interbank rates at 3pm yesterday Offer Bid Overnight116 words
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Article356 1984-12-01 5 BA Futures Inc STRONG selling pressure at the opening saw Eurodollar futures easing from Chicago's close following a larger than expected rise in US money supply. The market was under pressure from profit-taking despite the easier federal funds rate and the slightly larger decline in US leading economic indicators.BA Futures Inc - 356 words
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Article186 1984-12-01 5 HONGKONG The metal closed lower yesterday on late selling by Asian interests mainly due to an unexpected US$6.7 billion rise in latest US M-l money supply and a strong US dollar. The bullion price finished at $328.60/329.00 an ounce after opening at $329.80/330.20 compared with New York's $330.50/ 331.00186 words
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TIME-OFF
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Article527 1984-12-01 6 THE NATIONAL POETRY Writing Competition was just another spark in the explosion celebrating 25 years of nation-building. Like many fringe activities, it was a side-show that mattered most to those directly involved. But the 387 people who sent in a total of 619 entries would527 words
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Article, Illustration1518 1984-12-01 6 TERESA LIM - By TERESA LIM, Hongkong Correspondent TO EAT Shanghai crabs in Shanghai was, naively, my dream. About a year ago in October, chance delivered me to the city that has lent its name to these wonderful crustaceans, during the best season for eating them. I lost1,518 words
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Article263 1984-12-01 6 STRAWS in the Wind THE ADVERTISEMENT for Ampliesh alumunium grilles claims they will not rust, new" need maintenance and will stay beautiful forever. One cannot help wondering about the additional service offered though. A line at the bottom of the advertisement reads: "We also provide263 words
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Page 6 Miscellaneous
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Miscellaneous1032 1984-12-01 6 Msmrsm CONCERTS SSO's Regular Concert features Canadian soprano, Rosemarie Landry, and two works of American Chinese composer, Chou Wen Chung. Mr Chou is in Singapore for the performance of his compositions All In The Spring Wind and And The Fallen Petals. This evening, Victoria Concert Hall, 8.15 pm. Tickets: $4,1,032 words
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Miscellaneous704 1984-12-01 6 12.30 PM SBC Text "Live" Sample Paces 1.00 Opening and Programme HfehfigMs folowed by Sesame Street 2.05 Saturday Matinee World Without End 3.35 Eighth FtQ Asian Zone Championship Women's Masters Final 4.30 Malay Movie Ceritaku Ceritamu (English subtitles) 6.10 Programme Ifighfights (English) 6.15 News (English) 6.25 Take Ken (Last episode)704 words
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SPORTS
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Article, Illustration540 1984-12-01 7 BRIAN MILLER - By BRIAN MILLER SINCE THE Malayan Racing Association introduced restricted term races for unraced importations, it has always proved wise for punters to follow "smart money" meaning, of course, the trend of betting and the volume of tickets wagered on a particular horse.540 words
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Article777 1984-12-01 7 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 'Fujikaze Maru No 2 15/16 Leo alongside 01.12.84/0600 Jenson IV 22 Thong Soon alongside 01.12.84/0700 Kannlkar 37/8 Leo alongside 01.12.84/1500 Providence 5 Sunship alongside 01.12.84/1800 Qln Fen 25 19 S'pore Shpg alongside 01.12.84/1500 Dan ah 35/6 BOR777 words
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Article, Illustration401 1984-12-01 7 WALTON MORAIS - By WALTON MORAIS SEMBAWANG CLUB golfers will be eyeing a glittering challenge this Sunday. On offer is a gold-plated prize for the winners of Sembawang's Gold Cup tournament, open to qualifiers from the club's monthly medal championships. And PM Samy (3) will be hoping401 words
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Article, Illustration242 1984-12-01 7 UPI TOP SEED Ivan Lendl makes his first appearance at the US$l.5-mil-lion Marlboro Australian Open on Friday when he faces fiery Texan Bill Scanlon in a second round match. The 24-year-old Czech, the top seed in the Open in the absence of the injured John McEnroeUPI - 242 words
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164 1984-12-01 7 Reuter WAYNE GRADY of Australia equalled the course record of 62, eight under par, to seize a three-shot lead in the opening round of the Auckland International golf tournament on Thursday. Grady, the winner of this year's German Open, savaged par on the shortReuter - 164 words
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324 1984-12-01 7 RICHARD SEAH - By RICHARD SEAH ONE MUST be crazy to pay more than $600 to watch a videotaped baseball series. Mr Liew Choon Wai, an accountant who became a baseball fan after an 18month stint in the United States, is going to have324 words
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Page 7 Miscellaneous
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Miscellaneous105 1984-12-01 7 Doonesbury h&, norm-MFe-. FRJENP-CMSef&T-SOCIAL ACTIVIST! I'M HOME! MHOOP-PE-PO& m w i i m m rt w s: 55 life m WHAT IF IT MSNTJUSTA TRIUMPH OF PEFSOHAUIY.jmte? (UHAT IF TPS A REAL REVO LUVON?UIHATIFONEW <MY KJP WES UP IN A COUNTRY RUN BY HeW&H&tICH*/ M B UJHPvi'S THP Time >105 words
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INTERNATIONAL STOCKS
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316 1984-12-01 8 FT EXXON, the world's biggest oil company, has put its Exxon Office Systems subsidiary up for sale as evidence mounts that it is preparing to write off its pioneering diversification move which has net assets of around US$lOO million. Exxon entered the office equipment businessFT - 316 words
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277 1984-12-01 8 Reuter STOCK PRICES closed sharply lower on Wall Street on Thursday as news of a steep decline in the October's leading economic indicators sent new recession fears through the investment community. The Dow Jones Industrial Average fell by 11.93 to 1193.39. In the broaderReuter - 277 words
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165 1984-12-01 8 Reuter GENERAL MOTORS Corp expects its 1985 capital spending to exceed US$B billion compared with about $6 billion this year. Chairman Roger Smith in a year-end statement Said: "Of the total, 85 per cent will come in the US and Canada for a significantReuter - 165 words
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Article94 1984-12-01 8 NOV 29 AbMbi a 29* p Ol Ko 42* 13* 31* unch 35* Aigoma 17* 24 inch 15* 13* 19* M Tat 35* 3* BP Can Ltd 24* Mc BkxM 25* unch 28* 15* 28 60* 48* 18* 15* Nutlhgof Exp 4* Onto* Rd Lk 27* 27* Cn Bthrt94 words
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Article236 1984-12-01 8 NOV 2* INDUCT Jn Steal 125 -5 VIALS Uiwc 470 -20 1550 A Atoho ANrcon AE And O Amaprop AMD. 880 145 785 375 2925 -2 5 +5 unch MM Anglo* MNGS 2480 10 C G SmMh 1145 2300 10 unch WNfc* Chart* 1750 7900 25 50 Cora GoM236 words
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Article688 1984-12-01 8 NOV 29 uss ACF Murim 27* AJcoo 35* -1* AJm&tmny Lud AM Own Cp ABod Storo* ABfrOafenari r Am Branch he Am BraodcaM Am Can Co Am Cyanamid Am B»c Pxt Am Exprvu Am Ham Prod Am Motan Cp Am Natural Gin Am T«l Tal Amox he Amtroda688 words
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Article877 1984-12-01 8 Amsterdam NOV 29 Fk ABN 344.20 -0 8 Atgon 136 00 +1 Ahold 183 50 1 Akio 94 10 -2.1 AMCV 200 50 +1.5 Bar* 4140 -06 Bofc 101 50 -0 5 Bonumi 277 50 -25 (MM* 67 00 -0 6 Catand 3100 -05 c#> 404 50 +2.5877 words
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Page 8 Advertisements
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Advertisement544 1984-12-01 8 id wtite, «ild« aai entertain IK )r.Z> I Enjoy Our Prompt Efficient Service In Cool, Quiet Cosy Atmosphere WESTERN/ CHINESE/ local cuisine Banquets Cater For Lunch Dinner Meetings Wedding Occasions, Birthday Parties At 16/- Onwards Per Person or Other Occasion With Function Rooms (Free of Charge) For 60 And Above.544 words
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Advertisement151 1984-12-01 8 ,%.+-%\}*/^[}[$<[;`=[@'=>!$__": V n Lounge 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 Kota and our resident band. The Pintos Trio. Happy Hours: spm—7pm, 29% dl on afl drinks. CRovvn ®FWNCE HOTEL 270151 words
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ASIAN STOCKS
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Article337 1984-12-01 9 HONGKONG: Share prices closed easier yesterday but off the day's lows with some renewed institutional buying in the afternoon. The Hang Seng index eased 8.01 to 1,128.10 after being down 13.95 at the morning session close. Among leaders, Cheung Kong eased 10 cents to HKJ9.IO, China Light 10 to337 words
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Article227 1984-12-01 9 NOV 90 AM Sincar* Mm Aw Camant Cathay Cora KT 5.85 25 80 28.10 +0.25 0 1 -0.3 Cham Mm ban Hwo Mus Nan Ya Plas Pocihc Cons Pacific Elsct 18.90 11.40 29 90 26 70 +0.4 +0.5 +0.1 +0.1 +03 Chang Hwo Bank Chan Looog 56 50 1780227 words
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Article347 1984-12-01 9 TOKYO: The market average closed at an all-time high of 11,428.90 in active trading on strong domestic industry and incentive-backed issues which offset losses in international populars. The average gained 62.26 after Thursday's gain of 118.56. Turnover was 520 million shares, the same as Thursday's. The stock exchange index347 words
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Article70 1984-12-01 9 Nov 30 Won 651 ■4 Hyundai Motor KAL 623 535 730 +2 -3 636 >6 Korea CM 1294 Conwnarcnl 6k 715 550 -3 unch Korea S»>p Lucky Ltd 415 unch Ooawoo Corp Ooewoo ItkJ 485 632 650 1 -7 -IS Sormung Co Samsung Elec 755 850 1245 unch unch70 words
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Article414 1984-12-01 9 SYDNEY: Shares closed firm yesterday, reversing opening weakness on a technically inspired rally in the wake of recent sharp falls and on pre-election optimism. Towards the close the All Ordinaries index was 4.2 points firmer at 749.0, the All Industrials marker was 4.1 higher at 1094.6 and the All414 words
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Article175 1984-12-01 9 BANGKOK: Share prices closed higher across the board in active trading. The Book Gub index rose 1.29 to 128.77 as turnover rose to 1.36 million shares worth 107.5 million baht from Thursday's 700,760 worth 161.5 million. MANILA: The market was closed yesterday. NOV 30 Aokham Thai Aim Ftrt Bahn175 words
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102 1984-12-01 9 Reuter SUMITOMO Metal Industries Ltd is negotiating with LTV Steel Co of the US on a joint venture to make and market galvanised steel sheets in Cleveland, Ohio for the car industry. The Sumitomo spokesman declined to elaborate. Other Sumitomo sources, however, say theReuter - 102 words
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Article342 1984-12-01 9 Reuter UPI MAZDA MOTOR Corp, Japan's third largest car manufacturer, will announce plans soon to build cars in the US. A Mazda spokesman at the company headquarters in Hiroshima, western Japan, said yesterday he could not give details of the planned US production becauseReuter; UPI - 342 words
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263 1984-12-01 9 Bernama PROMET (Langkawi) Resorts Sdn Bhd, which is developing the Ms 3 billion integrated holiday resort in Langkawi with 10 other developers, is setting up 13 wholly-owned subsidiaries to manage the resort. Promet Bhd t the parent company of Promet (Langkawi), said each of theBernama - 263 words
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120 1984-12-01 9 Bernama MR BAHARUDDIN MA'AROF has been appointed as Malaysia Mining Corporation Bhd's (MMC) group deputy chief executive. A company announcement said the MMC board had on Nov 23 approved Mr Baharuddin's appointment with effect from Nov 1, 1964. The statement did not mentionBernama - 120 words
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Page 9 Advertisements
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Advertisement111 1984-12-01 9 <*=" w rji N Wm 2 •>M» V FOR FURTHER INFORMATION CALL *****11 NOW m is ir.S> TONIGHT! PLUG INTO AN ELECTRIFYING EXPERIENCE! THE lON BAR r 9 7A lON BAR 35 Havelock Road. Singapore 0316 Tet 733 2081 T n Baron's Table Sunday Brunch, you'll love it.' Give mum111 words
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Advertisement203 1984-12-01 9 From 14th December there will be even more reason to hurry up the staircase to Black Velvet Gold. 4\From December 2nd we close the doors to Black Velvet Gold for a complete change of our sound, light and laser system However, they won't be shut for long and when we203 words
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Advertisement126 1984-12-01 9 Paramount Hotel Where the happy people go pjFA EL** »e ii" 4/ n f A special garden atmosphere where time never runs out. Here, master chefs prepare delicious and lingering tastes from gourmet style to simple meals. SPECIAL FEATURES: Daily Buffet Breakfast $11.50+ Daily Sat Lunch $12 Sunday FamMy Buffet126 words
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Advertisement105 1984-12-01 9 BestofThnee For evenings that are gentle on your mind. If the mood catches you for evenings with soft ballads and gentle love songs, then catch The Best of Three at Hilton's Lounge. This talented Filipino trio weave the magic of Sergio Mendez, Carlos Jobim, Kenny Loggins and others of a105 words
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Advertisement133 1984-12-01 9 Listen to Great New Sounds at CAIRNHDLL COCKTAIL LOUNGE With Ramon D' New Blackjacks and the 2nd Addition 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
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Article, Illustration4232 1984-12-01 10 THE BEARS went on a rampage yesterday in the Singapore stock market causing sharp falls in share prices. The BT Composite Index dropped a hefty 15.65 points to 716.27 while the Straits Times Industrial Index crashed 16.31 points to 817.56. Volume was moderate at4,232 words
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Article223 1984-12-01 10 SINGAPORE Rises Ayar Mifm T« 750 Sittrai Im 220 Oak Yaag 310 M GtaH 256 TOM 332 Van Oar Harst 230 OUI 416 Taaak C 382 Pakaca HMg> 128 Falls M A A 1600 H Laaag Cra«t 505 8m Savaag 146 0 C t 895 PAN 520223 words
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Article512 1984-12-01 10 SHARE PRICES at the Kuala Lumpur stock market closed lower yesterday In the absence of positive leads. Trading was with interest seen in several selective issues in industrials. Turnover dipped sharply to 6.23 million units valued at M 512.83 million, from Thursday's 9.22 million shares worth512 words
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Article3707 1984-12-01 10 BID and offer prices officially listed and business in and reported to the Stock Exchance of Singapore yesterday with the number of shares traded shown in brackets in IoU of l,oo9jinlte unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT" Big3,707 words
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COMPANY NEWS
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Article, Illustration318 1984-12-01 11 HOCK LOCK SIEW - By HOCK LOCK SIEW THIS has most definitely been an unkind year for new listings. Out of the four new shares issues which have made it to the stock exchange's official list and which began trading in 1964, three are presently selling below their initial offer prices. Jurong318 words
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Article2519 1984-12-01 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 unite unless otherwise specified. INDUSTRIALS A Choc (2.776 2.805) (15) 2.70 (I) 2.76 (21)2,519 words
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Article966 1984-12-01 11 SHARE PRICES yesterday opened lower in thin volume after Wall Street closed sharply lower and sterling dipped below US$l.2O, dealers said. At 0945 GMT the FTSE 100 Index was down 2.3 at 1,185.6. Oils continued Thursday's rally on US buying orders with Lasmo at 358 and BP at966 words
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322 1984-12-01 11 PAN MALAYSIA Cement Works Bhd (PMC), a member of the Malayan United Industries stable, has reported a onetenth drop in group pre-tax profits to M 517.38 million for the first half ended Sep 30, 1964, against $19.27 million in the previous interim period. An322 words
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562 1984-12-01 11 Bernama THE NESTLE GROUP of companies in Malaysia has unveiled a restructuring scheme which will double Malaysian equity in the giant food manufacturer to 49 per cent, of which 30 per cent will be in the hands of bumiputras. In compliance with Malaysia's NewBernama - 562 words
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394 1984-12-01 11 AMALGAMATED Steel Mills Bhd is stepping up exports of its steel products to help relieve overcapacity in Malaysia. Otherwise, said chairman Tan Sri Nasruddin bin Mohamed, prospects for the group's steel business remain bright for the coming year and the group is confident394 words
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Article106 1984-12-01 11 HONGKONG Australian Industrials Friday 1094 7 Hong Seng Index Thursday 1091.6 Week ago 1115.2 Fndoy 1128 10 NEW YORK Thursday 1136 11 Week ago 1096 04 Dow Jones TOKYO Thursday 1193.46 Wednesday 1205 39 Tokyo Dow Jones Week ago Closed Fndoy ***** 90 Standard and Poors Thursday *****.64106 words
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Article212 1984-12-01 11 Managers' prices for Dec 1 3 Singapore Unit Trust The Commtrc* 2.57 2.73 The Savings Fund 1.72 1.82 S'pore Prog Fund I II 1.18 S'pore Sec Fund 1.66 1.76 S'pore Invest Fund 1.06 1 12 S'pore Equrty Fund 1.09 1.15* Asia Unit Trust Second B'putra Third B'putrq Fourth212 words
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Article85 1984-12-01 11 Stagapsre Laad Ltd said interest payment on its $100 million 8 per cent unsecured loan stock 1962/ 89 for th 1984 will be paid on Dec 31 to loan stockholders registered as at Dec 21. Slagapare Has Swuluea announced that a substantial shareholder, Associated Bus Services Pte Ltd,85 words
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Article52 1984-12-01 11 CHUAN Hap marlae limited: 14th AGM at Silver Room of Singapore Excelsior hotel, No 5 Coleman Street (0617) on Dec 5 at 9.30am. BRITISH Aad Malayaa Trustees Limited: AGM at Broad Room of British and Malayan Trustees Limited, 17, Philip Street, #06-00, Grand Building (0104) on Dec 652 words
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416 1984-12-01 12 ANNA TEO - By ANNA TEO ABOUT 500 employees of National Semiconductor, the American micro-electronics giant, may have a longer Christmas this year because of a slower demand for the company's products. Management and union officials yesterday discussed the possibility of a temporary shutdown of the416 words
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Article, Illustration429 1984-12-01 12 LISA LEE - By LISA LEE FOUR PEOPLE have won the contract to run all commercial ventures at Peranakan Place, one of Singapore's first largescale restoration projects. An antique dealer, an architect, a property developer and a doctor, who is a tenth-genera-tion Peranakan, were429 words
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295 1984-12-01 12 THE FIRST yen certificates of deposit to be issued outside Japan will be launched in Singapore today, ahead of London because of the time difference. Daiwa Singapore said yesterday that it had arranged for its locally-based Sumitomo295 words
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Article, Illustration483 1984-12-01 12 OPPOSITION PARTIES are putting in more effort for the coming general elections and this augurs well for Singapore's future, said Mr Heng Chiang Meng, the last of the new PAP candidates, yesterday. In his assessment of the opposition for the elections, widely expected to483 words
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190 1984-12-01 12 SINGAPORE is to send a trade mission to three Gulf states to improve trade and explore new areas of cooperation with businessmen in the oil producing region. This is a follow-up to an earlier visit by Foreign Minister SDhanabalan to Oman190 words
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Article99 1984-12-01 12 AP THE US foreign trade deficit narrowed to US$9.2 billion last month, the Department of Commerce reported yesterday, but that was still enough to push the yearly total past $100 billion for the first time ever. Exports rose slightly from their September level while importsAP - 99 words
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202 1984-12-01 12 FORMER chief minister Lim Yew Hock died la Jeddah, Saadl Arabia, at the age of It. His death was diseased yesterday by the Malaysian Ambassador U Saadl Arabia la a telephone call ts Koala Lnmpar. Mr Lim had embraced Islam aad task202 words
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Article72 1984-12-01 12 THE FORMER chairman of the Singapore Tourist Promotion Board (STPB), Mr Tan I Tong, may step down as chairman of the Sentosa Development Corporation next year when his term expires. Speaking at a STPB farewell reception, Mr Tan cited age as the main reason why72 words
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437 1984-12-01 12 UPI SOME 8,000 protesters yesterday mounted the biggest rally in 14 years at the heavily guarded US embassy in Manila warning that Filipinos will soon follow Iran's example and storm the American mission. In the liberty town of Angeles, about 1,000 Filipinos massedUPI - 437 words
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184 1984-12-01 12 THE ASEAN-EEC Business Council (AEBC) met yesterday to discuss the implementation of various activities to promote trade, investment and technology transfer between the two regions. Members agreed that chambers of commerce in the EEC should bring to attention investment opportunities to Asean184 words
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Article67 1984-12-01 12 WALL STREET stock prices were lower in early trading yesterday as investors reacted negatively to a surprise growth in the money supply and an expected contraction of the economy. The Dow Jones Industrial Average was down about 3Vi points to around 1190. Overall, losers held nearly a67 words
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LATE FILE
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Article53 1984-12-01 12 AP NORTH KOREAN leader Kim D Sung secretly visited China on Nov 26-28 for talks. The Chinese Communist Party yesterday disclosed the clandestine trip began four days after a bloody shootout on the divided Korean Peninsula that left three North Korean soldiers and one South KoreanAP - 53 words
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Article62 1984-12-01 12 Reuter AUSTRALIAN Prime Minister Bob Hawke looks set for a landslide win in today's general election despite a late surge in the popularity of opposition leader Andrew Peacock. A last-minute opinion poll showed voter support for Hawke's Labour government unchanged from last weekend at 51Reuter - 62 words
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Article28 1984-12-01 12 AP AN UNEXPECTED rise in the US money supply pushed the US dollar higher against all major currencies in early European trading yesterday. APAP - 28 words
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Article28 1984-12-01 12 AP A GROUP of 54 Japanese banks has signed an agreement to extend a loan of US$l22 million to the Korea Development Fund. APAP - 28 words
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Article35 1984-12-01 12 AP A BRITISH TJIXI DRIVER taking a working miner to a South Wales mine was killed yesterday when a one-metre concrete post, apparently thrown from a bridge, struck his car, police said.AP - 35 words
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Article51 1984-12-01 12 Reuter NEW ZEALAND'S Labour government has warned the country's powerful trade union movement it would impose wage controls if unions pressed for excessive pay rises in talks next week. This followed the failure of the government and unions to agree on wage guidelines after two weeks ofReuter - 51 words
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Article53 1984-12-01 12 AFP JAPANESE Prime Minister Yasuhiro Nakasone and his Cabinet members yesterday disclosed their personal wealth in a bid to demonstrate their "incorruptibility". It was the second time that Japanese Cabinet ministers have revealed their personal assets at Mr Nakasone's prompting as a step towards establishing what he calledAFP - 53 words
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Page 12 Advertisements
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Advertisement336 1984-12-01 12 Republic National Bank of New York A subsidiary of REPUBLIC NEW YORK CORPORATION Consolidated Statement of Condition i In Thousandsi Sf»|)tefnbei U) 198> ASSETS Cash and demand accounts Interest bearing deposits with banks Precious metals Investment securities Federal funds sold and securities purchased under agreements to resell Loans, net of336 words
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Page 12 Miscellaneous
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Miscellaneous56 1984-12-01 12 Outlook for todoy: Showers oyer severol oreos in the late morning and afternoon. Report for 24 hours prior to 7 30pm on Nov 30 at the oirport: Maximum temperature 31.4 Associated humidity 66 Minimum temperature 24.0 Associated humidity 97 Hours of sunshine 5.75 Rainfall in millimetres 0.1 Roinfoll this month56 words
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