The Business Times, 23 March 1985
1985-03-23
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The Business Times
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Title Section12 1985-03-23 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, MARCH 23, 1985 60 CENTS12 words
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687 1985-03-23 1 FLORENCE CHONG - Higher university fees and quotas act against those from overseas By FLORENCE CHONG THE AUSTRALIAN government has introduced sweeping changes which will affect dramatically the future and the number of overseas students studying in the country. It has brought in substantial increases in fees,687 words
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218 1985-03-23 1 LICENCE FEES far stockbrokers, dealers aad their representatives are to go up en April 1. The Monetary Authority of Singapore has revised the licence fees levied on holders of licences Issued under the Securities Industry Act IfJS. 11m current rates have218 words
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Article, Illustration375 1985-03-23 1 BOEY KIT YIN - By BOEY KIT YIN ASEAN countries wire among the 10 biggest beneficiaries of the European Economic Community's Generalised System of Preferences. This assertion was made by the EEC's principal administrator of GSP service, Mr Michael Cendrowicz, in raponse to a speech made by the375 words
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331 1985-03-23 1 THE RATE at which buildings in Singapore deteriorate is "pretty high" and is largely due to a lack of supervision on construction workers and a small pool of skilled workers in the industry. Because of the shortage of skilled workers, building owners are going331 words
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Article, Illustration90 1985-03-23 1 THE ABSENCE of strong Interests resulted In quiet aad Indifferent trading on the Singapore stock market yesterday, with share prices finishing lower. A technical analyst said the market Is still above Its 11-year trendllne, which Is currently at the 826 level sf the ST Index. The BT Composite90 words
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441 1985-03-23 1 LUCY NG - By LUCY NG A DIRECTOR OF Robin Shipyard has denied rumours that the Pioneer Road yard will close. The sale of equipment by Robin Engineering, which shares the same premises as Robin Shipyard, has prompted speculation that the yard is headed441 words
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456 1985-03-23 1 SHAHRIR ARIFF - By SHAHRIR ARIFF IT IS UNLIKELY that Singapore would be eliminated from the US Generalised System of Preferences by 1987. A senior US official said yesterday that this is because he does not think Singapore can achieve a per capita gross national456 words
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Article92 1985-03-23 1 AP THAILAND'S Prime Minister Prem Tinsulanonda said yesterday that his country's forces would do "everything" to stop Vietnamese violations of Thai territory, including, he suggested, fighting Hanoi's forces inside Cambodia. Mr Prem, who was touring the north-eastern province of Surin where Vietnamese forces recently made a large-scaleAP - 92 words
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Page 1 Advertisements
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Advertisement45 1985-03-23 1 ASIAPACK '85 pHi 4th International Exhibition of Packaging Machinery ■Ski) I Materials And Food Processing Machinery JUNE 20-23 WTC S PORE 190 5 1985 80 YEARS OF BANKING EXPERIENCE IN SINGAPORE TO SERVE YOU BETTER BANQUEINDOSUEZ 3 Shenton Way. Shenton House Singapore 0106. Tel: *****1145 words
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Advertisement273 1985-03-23 1 SINGAPORE IS UNLIKELY to be hit by IBM's decision to stop moking its PCjr home computer. A government official soid there was no reason for worry, especially since the PCjr has not been introduced here yet. Page 2 THE REPUTED leoder of Taiwan's largest underworld organisation has claimed that his273 words
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Advertisement11 1985-03-23 1 Full report, Pao* 10 Asian stocks, Pago I Intt stocks, Pago11 words
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Advertisement211 1985-03-23 1 ASIAPRINT '85 4lh International Exhibition of Printing, Graphic Arts Equipment Supplies. ASIAPRINT JUNE 20-23 WTC S'PORE In practise, graphite inserts do not hit it off with Surlyn Cover balls. Reason: Hard vs Hard does not distance. Not true with HONMA WOOD, which now comes with a second-layer insert behind the211 words
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HOME NEWS
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403 1985-03-23 2 SHAHRIR ARIFF - Suppliers in Singapore unperturbed by IBM's move By SHAHRIR ARIFF SINGAPORE IS UNLIKELY to be affected by International Business Machine's decision to stop making its PCjr home computer next month. A senior government official said there was no reason at all403 words
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Article, Illustration413 1985-03-23 2 LEE HAN SHIH - By LEE HAN SHIH SHANGRI-LA's $80 million bid to stay as the best hotel in Singapore will be launched in June. Its not-so-sceret weapon is the Valley Wing, a new extension to the hotel designed to attract the "WIP", or very,413 words
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Article60 1985-03-23 2 ENROLMENT for Continuing Education and Training courses starting in April will open on Monday. 'These part timecourses, conducted by the Vocational and Industrial Training Board, are made up of training for academic education, business studies, and language. The non-examination vocational skills courses are for mechanical engineering60 words
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316 1985-03-23 2 DENMARK hopes to use Singapore as a base to do business with other countries in this region, especially China. Mr Ebbe Simonsen, the chairman of the Danish Export Promotion Council, said the council would propose joint-ven-tures with local trade organisations "to use Singapore as316 words
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148 1985-03-23 2 IT'S THAT TIME of the year again when engineering students from the National University of Singapore leave their lecture theatres for some working experience. This year, about 500 second- and third-year students have been attached to companies under the annual practical training programme. The 143148 words
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152 1985-03-23 2 SIX CANADIAN computer software companies on a mission here have appointed distributors for the local market. They are part of an 11-mem-ber Canadian computer software mission which was in Singapore this week to stage an exhibition of computer software developed in Canada. Mission co-manager, Mr152 words
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155 1985-03-23 2 MEDIC ASIA 85. the regional medical and dental show, will be held next month. Occupying about 7,200 sq metres of exhibition space, it will be the biggest of the four exhibitions in the biennual series organised so far. The number of exhibitors155 words
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330 1985-03-23 2 PLAYERS of the Canadian stock market will soon be able to monitor their investments through a software package developed in Singapore. The Share Market Analyser (SMA) has been developed by Datalog, a local computer company. Datalog, which sells computer hardware and software products,330 words
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Article118 1985-03-23 2 A ONE-DAY conference on Indonesian sales tax laws will be held in Singapore on May 24. Structural and administrative changes will be made to these this year. A value-added tax will be introduced on April 1. A luxury tax on certain goods will also come118 words
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Article1053 1985-03-23 2 AT CONVENTIONAL WHARVES VMMl Berth Arrival Departure KEPPEL WHARVES Frotokobe K12 alongside 23.3/1500 Grand Wise K32 alongside 23 3/2300 St Venture K25W alongside 23.3/1500 V'va Koumudi K35 alongside 23.3/1800 Woh Foi K20 alongside 23 3/0600 A Prodesh K18 23 3/1500 23 3/2000 Belait K25W 23 3/1830 24.3/15001,053 words
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Page 2 Advertisements
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Advertisement28 1985-03-23 2 Important announcement from B AX Singapore lobacco Company (Pte) Ltd The following is the price in Singapore of Westminster: Recommended price to consumers 20s Kingsize soft cup: $2.3028 words
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OVERSEAS
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239 1985-03-23 3 CHINA'S Foreign Trade Minister, Chen Muhua, will head the country's central bank following a reshuffle. The New China News Agency yesterday said that Chen, 64, had been replaced by her deputy, vice-minister Zheng Tuobin. Lu Peijian, who headed the People's Bank of China, will239 words
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198 1985-03-23 3 THE VALUE of Philippine exports in January this year rose by 13.76 per cent to U*****.48 million, compared with the year-ago mark of $347.65 million, in spite of the decline of the country's traditional products. The official Philippine News Agency (PNA) said improved198 words
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Article779 1985-03-23 3 ARRIVALS Operator Service Local From number time S1A SQ11 0110 LAX/TYO PAA PA5 0155 JFK/SFO/HKG CAL CI333 0250 TPE RA RA408 0730 BKK/KTM MAS MH681 0820 KUL KAL KE624 0850 KUL CV CV796 0845 LUX/AUH MAS MH603 0905 KUL sv SV378 0920 JED/RUH MAS MH671 0935 KUL779 words
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268 1985-03-23 3 TWELVE Western nations which make the largest financial contributions to UN-specialised agencies are to try to convince non-aligned states of the need for urgent reforms to Unesco, hit by budget problems following the departure of the US. The 12, currently meeting in268 words
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508 1985-03-23 3 AP DISSIDENT LEADERS Kim Dae-Jung and Kim Young-Sam called for speedy measures to "release, pardon and reinstate all prisoners of conscience" and give freedom to campus and labour union movements in South Korea. These steps are needed before the NationalAP - 508 words
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Article384 1985-03-23 3 Bernama A SENIOR Petronas official said the national oil corporation has no plans to monopolise the marketing of petroleum products in Malaysia, dismissing fears among foreign companies about their long-term future in the country. Petronas Dagangan, the domestic marketing subsidiary of Petronas, operates like anyBernama - 384 words
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Article103 1985-03-23 3 Reuter PESSIMISM in Europe over long-term economic stagnation is exaggerated and the old world is in good shape, according to a US study published recently. "There is no reason to believe Europe will throw away her future," the private Hudson Institute concluded after aReuter - 103 words
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328 1985-03-23 3 Reuter ISRAELI SOLDIERS waging an "Iron Fist" campaign against Shi'ite Muslim militants killed 20 guerillas during raids on southern Lebanese villages, the army said. Armoured units moved across Israel's front line, striking farther north than at any time since theReuter - 328 words
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627 1985-03-23 3 Allegation contained in tape recording made after Henry Liu's murder AP THE REPUTED leader of Taiwan's largest underworld organisation claims his gang was supported by the government since 1980 to spy on political dissidents. A local newspaper, United Daily News, said on Friday theAP - 627 words
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424 1985-03-23 3 AP A RANKING US State Department official said yesterday that the diversion of 87 USmade helicopters to North Korea was regrettable and that every effort was being made to assure that it would not happen again. Michael Armacost, UnderSecretary of State for Political Affairs,AP - 424 words
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Article103 1985-03-23 3 Reuter UNLESS certain major industrialised countries ratify the 1980 agreement on the setting up of a US$75O million common fund for commodities, chances of putting the scheme into force are slim. Alister Mclntyre, acting head of the UN Conference on Trade and Development (Unctad), told Opecna yesterdayReuter - 103 words
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208 1985-03-23 3 THE RULING Soviet politburo held its first regular session under new leader Mikhail Gorbachev yesterday and declared Moscow's readiness to restore detente between East and West. The official news agency Tass said the 10-man politburo emphasised the need to improve discipline at Soviet208 words
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Article109 1985-03-23 3 PRIME MINISTER Rajiv Gandhi has postponed a trip to the riot-hit city of Ahmedabad, where the death toll in caste violence yesterday rose to 11. The Press Trust of India (PTI) gave no reasons for the postponement, except to say that Rajiv would visit the city in109 words
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680 1985-03-23 4 Britain and West Germany doubtful over Reagan's strategy Reuter AMERICA'S differences with its Nato allies on space defences have flared into open debate just as Washington thought it was slowly overcoming European doubts about the new strategy. Britain and West Germany, the closest USReuter - 680 words
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284 1985-03-23 4 Reuter BOOM is turning to gloom for the Malaysian electronics industry as the once hungry world computer market begins to lose its appetite for micro-chips. The current worldwide slump is forcing many Americanowned companies in Malaysia to lay off workers and cut output ofReuter - 284 words
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478 1985-03-23 4 A LIVELY controversy has erupted in Hongkong over a government proposal to bypass juries in commercial crime trials and leave the verdict to a judge backed by a panel of experts. Governor Sir Edward Youde threw his personal support behind the gazetted bill, which478 words
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376 1985-03-23 4 Reuter BANGLADESH'S military ruler headed for a landslide victory yesterday in a referendum on his policies as the opposition alleged ballot rigging and called on the people not to accept the vote. The election commission in Dhaka said Lieutenent-General Hussain MohammadReuter - 376 words
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Page 3 Advertisements
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Advertisement32 1985-03-23 3 /W1 v\\ l\in Am U 1 K ini; I r<mi »ro I < > 1 loni; ki hi*.; 11>kv I t Honolulu. San I ratu im. o \ow V>rk For Updated Information, Call *****1132 words
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Advertisement51 1985-03-23 3 "The Number One Pizza Franchise" Rated in "Top Ten of all U.S. Franchises" (Entrepreneur Magazine Jan. '841 Over 700 Inns in U.S.A.. Far East. Middle East and Africa Pizza inn For licensing information, contact: Franchise Development Pizza Inn. Inc. 2930 Stemmons Freeway Dallas. Texas *****-6103 Tel: (214) 638-7250 Telex: 73051 words
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RAW MATERIALS
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Article146 1985-03-23 4 Chinese Produce Exchange (Sailers' noon doting prices on fx* 22 SS/100 kg). Coconut oil Bufc FOB 155 00 Oid drum FOB 168 00 N»«> drum FOB ***** Copro Mixed Ooom) 85 buyer* Pepper Muntok Wh«te FOB M-W 770.00 Sarawak Whit* FOB »oq NLW 760 00 Saraorok. special Mock146 words
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Article282 1985-03-23 4 Singapore (SSAfe. M-go^x*") Fragrant new crop i*» 086 2nd 065 3rd 060 N«w Crop 25% no *todc. 10% no stock Thoi Broken Avup«r 056 Special 055 Thoi Rice 55% no stock China Rice 10% 087 15% no stock 25% no stock 35% no stock Thoi Boiled Rice 5* 060282 words
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Article106 1985-03-23 4 THE Koala Lumpur Tin Market (KLTM) price held at the International Tin Agreement (ITA) floor-level of M 529.15 a kg on lack of demand yesterday. The buffer stock manager took the bulk of the IK tonnes offered, which included N per eent foreign concentrates. There was 157 tonnes106 words
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Article161 1985-03-23 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,550 Blue Phoenix 20's 2,750 Blue Phoenix 32's 3,300 Blue Phoenix 40's 3,650 Carded yarn, hank Blue Phoenix 21's 3,000 Combed yarn, cones Blue Phoenix 32's 4,350 Blue Phoenix 40's 4,500 Open-end yarn Blue161 words
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Article178 1985-03-23 4 SINGAPORE The market closed higher yesterday with April One RSS buyers quoted at 168.00 cents per kg, up 1.25 cents from Thursday. The morning session gained two cents on trade buying and short-covering in moderate trading. Lack of follow-through buying and some profit-tak-ing in the afternoon caused prices to178 words
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Article350 1985-03-23 4 RAS prices in S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers i/o nn un/wi IA7 OA 1 Aft HON Int 1 RSS Prompt Int 1 RSS Apr 85 Int 1 RSS May 85 Int 2 RSS UK/Cont Int 3 RSS UK/Cont Int 4 RSS350 words
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Article140 1985-03-23 4 MALAYSIAN crude palm oil prices closed firmer yesterday as Pakistan's presence in the market for more RBD palm oil prompted further covering and speculative buying interest. March deliveries in the south and central regions firmed MJIS to $1,370 per tonne, while April in the south rose $17-50 to140 words
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Article138 1985-03-23 4 SOYBELAN futures on the Chicago Board of Trade sold off after mid-session on Thursday after a sudden drop in soyoil prices, but still closed IVi US cent higher to unchanged. May finished at 6.04'4 cents a bushel, up 1V«. Prices held above unchanged, taking momentum from advances in silver138 words
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Article134 1985-03-23 4 WHEAT FUTURES on the Chicago Board of Trade closed on Wednesday 3'« US cents a bushel higher in the spot May contract to cent lower in September, with May settling at $3.48' i a bushel. Prices took their upward trend from higher European currencies, but back months eased as134 words
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Article100 1985-03-23 4 (cants/kg. 1-ton 85 MAY 85 (current month) (forward month) RAS NOON NOON Buyer* Sellers Buyers Sellers SSR 20 172 00 174 00N ***** 175 OON SSR 50 169.00 171 OON 171 00 173 OON MRELB Buyers Sellers Buyers Sellers SMR CV ***** ***** ***** 221 OON SMR100 words
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Article727 1985-03-23 4 COFFEE Robusta futures closed on Thursday with losses of around £50 a tonne with most contracts near the day's lows although May at £2,260 was £8 above the lows. Trading was dominated by currency fluctuations throughout the day with prices weighed down by the weakness of the dollar727 words
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Page 4 Miscellaneous
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Miscellaneous47 1985-03-23 4 Doonesbury il£V as m it V I KNOW, BUT ALL m? CHEAP IHBHBSEAKHSHOUIS OOOSTEHSM, imviai/E&Tocw CA&e. mw&ef&&RB? 1 10A$ t AM&JCA' m m BY GARRY TRUDEAU wimm&cAte soiusecm ABOUT IHEMSELXS* DO AW OTHER COUMIES MAKE APS THAT APE SO RELENTLESSLY CHAUVINISTIC* m 1 m v« I I47 words
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BANKING AND FINANCE
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229 1985-03-23 5 Reuter THE CHICAGO Mercantile Exchange (CME) on Wednesday launched its option on Eurodollar futures contract amid considerable industry interest. But it estimated first-day volume at 4,150 contracts, which was less than expected. CME sources had expected first-day volume to far exceed the previous first-day recordReuter - 229 words
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109 1985-03-23 5 Reuter ONE of 70 Ohio savings banks ordered closed last week after a run on deposits reopened on Thursday. Officials said most of the remaining 69 closed savings and loan institutions would probably reopen soon. Century Savings Bank opened its doors on ThursdayReuter - 109 words
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Article591 1985-03-23 5 Opecna FINANCE MINISTERS and bankers from Latin America and Western industrialised nations will gather in Vienna this weekend for a series of meetings which could turn into an important preliminary forum for coordinating a new effort to solve the international debt crisis. Officially, some 2,500Opecna - 591 words
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MONEY AND EXCHANGES
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Article747 1985-03-23 5 SINGAPORE THE US dollar closed mixed against major currencies yesterday after fluctuating uncertainly in light trading. It closed firmer at 3.2110/30 marks compared with New York's 3.2050/80 close and at 2.7275/7325 Swiss francs against 2.7225/75. Sterling closed stronger at US$l.l9lO/30 compared with its New York close of $1.1840/60.747 words
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Article, Illustration278 1985-03-23 5 Asian market ASIAN dollar deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Period rates weakened between 1/16 and V* point at the start on news of a smaller-than-expected 2.1 per cent flash estimate of US first-quarter GNP growth and the US$2.l billion fall in US M-l278 words
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Article49 1985-03-23 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from March 25 to March 29. Offered: $140,000,000. Applied for: $262,450,000. Allotted: $140,000,000. Accepted bids: $99.25 approximately 19 per cent higher bids in full. Average rate of discount on allotment: 2.975 per cent per annum.49 words
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Article117 1985-03-23 5 THE OVERNIGHT rate on the Singapore interbank money market fell by 1 3/4-point from Thursday to close at 4 3/8 per cent yesterday. The one and two-month term rates fell by 1/8-point each while the three-month rate fell by 3/16-point. S$ Interbank rates at 3pm yesterday: Offo Bid117 words
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Article245 1985-03-23 5 Interbank rates at 3pm yesterday: Curfindii Mofntni 4 ratee Smttheonian quoted yHltrday crott pf ity change Local dollars to one urut of foreign currency: US donor ***** ***** 2 8196 20 25 Sterling pound 2 6655 2 6712 7 3469 -63 72 Australian dollar 1 5739 1 5768245 words
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Article331 1985-03-23 5 BA Futures BACKED BY bullish fundamentals yesterday, June EarwUllar opened near the high of CME's range at 89.86 and traded up to close the gap at 89.92. Heavy resistance came in at this level. The contract finally closed 89.87. The market appeared mixed as bullish fundamentals supported prices whileBA Futures - 331 words
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Article214 1985-03-23 5 HONGKONG: The metal closed lower in nervous trading yesterday as most participants were sidelined because of the uncertainties in the gold market and the US banking system. Gold ended at U*****.00/75 an ounce compared with New York's $317.00/50 close and the previous finish of 1318.50/319.50 here. On the local214 words
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Page 5 Advertisements
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Advertisement880 1985-03-23 5 <g) INTERNATIONAL DISCOUNT CO LTD (Incorporated in Singapore) BALANCE SHEET 31 DECEMBER 1984 1984 SS 1984 S$ 1983 S$ 1983 SS SHARE CAPITAL (Note 2) 12,000.000 12,000,000 CURRENT ASSEfS REVENUE RESERVES Cash and balances with bankers and agents Singapore Government Treasury bills Singapore Government securities Commercial bills Negotiable certificates of880 words
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TIME-OFF
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Article540 1985-03-23 6 tHE People's Action Party has never tried to hide its displeasure with those who chose to vote against it. It has always emphasised that just as there are benefits to be gained from voting PAP so is there a price to be paid for casting one's vote540 words
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Article, Illustration692 1985-03-23 6 MONICA GWEE - By MONICA GWEE I FIRST met Gloria Steinem with an invalid press card. No one in Steinem's camp minded very much after the press conference except the macho bouncer stationed at the door. Whose interests he represented remains a mystery to this day. Steinem was jetting692 words
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589 1985-03-23 6 Outrageous Acts And Everyday Rebellions by Gloria Stoinom Fontana Paperback» 372 pagoa $12.90 at Times. The Bookshop GLORIA STEINEM is much like a virus capable of starting an epidemic. Most of the early publicity surrounding this activist centred on her wrangle with Hugh589 words
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Article283 1985-03-23 6 An AYE with a difference A DIFFERENT "AYE" was heard in Parliament on Thursday. Details of this AYE were given by the Minister for National Development, who said it would be built in two stages and be 13 km long when completed by early 1987. The283 words
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Article, Illustration468 1985-03-23 6 CONCERTS LYNNETTE SEAH-SI-MON (violin) and Shane Thio (piano) at the Goe-the-lnstitut. Both are familiar names now on the Singapore music scene. Lynnette is currently the deputy leader of the Singapore Symphony Orchestra while Shane has been playing with the orchestra and chorus since October 1982. Recently, he did468 words
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598 1985-03-23 7 UPI WHAT DO you do when a herd of wild elephants moves into the neighbourhood, knocks down all the houses, gobbles up all the food and stomps on anyone who gets in the way? Indonesia's regional Forest Department chief AchmadUPI - 598 words
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Article, Illustration895 1985-03-23 7 Roundabouts originated from little war games played by skilled horsemen in 12th century Arabia A YOUNG BOY sits high atop a grand wooden stallion, his bright eyes aglow with wonder and anticipation. His hands gently caress the flowing mane and upturned head. For a few moments, this creature895 words
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Page 6 Advertisements
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Advertisement95 1985-03-23 6 THE GUINNESS BOOK OF RECORDS 1985 (.lINAKSS B«»OK(»IKMOKl»S y w <. '.<* ***>»* «l®'W»«liA »*> Wk (*•> M" H '.< r«w*| KtM^+et< M*. >»,-»,»« 5L JL'S?' w** ;**j auS" I**1** *+""> fl '1 >> m *VThe extremes, in, on and beyond the Earth The 31st edition has been completely revised95 words
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Page 6 Miscellaneous
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Miscellaneous886 1985-03-23 6 w C CHAHNEI S 1 12.25 PM SBC Text "live" Sample Pages 12.55 Opening and Propamine Ifighfights folowed by Sesame Street 2.00 Saturday Matinee Mystery Island 3.20 Davis Cup '85 Singapore v Hongkong (Dou bles) 4.05 Malay Movie Si Badol 6.10 Programme Ifighfights (English) 6.15 News in Engfish 6.25 The886 words
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Miscellaneous33 1985-03-23 6 ueu.,JON£S— I \AE. rnoNfe* IN rnY fbOteT vm L00fc.»»0 TO pi Ffvrrps*nc IN SPPuH U»S Time Me*T U3€£X I SHPAi- Be. BeSIDG.'THC. DOeP eix sepv. p cool D«N< prr HBrO P*ND P> OVfeRHEHD33 words
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SPORTS
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497 1985-03-23 7 WALTON MORAIS - By WALTON MORAIS A HOLE-IN-ONE by Australian Peter Senior failed to stop runaway Taiwanese leader Chen Tze Ming from holding a daunting six-stroke lead going into today's final round of the Rolex Masters at Bukit. Senior, using a three-iron and driving slightly497 words
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Article390 1985-03-23 7 AFTER being deprived of monthly medal competition for close to three months, four members of the "Seletar Six" resume their playing in such competitions tomorrow at their new club at Sembawang. M Murugiah, his brother M Balraj, K Maruthiah and Hamzah Yusof, all formerly Seletar's honorary390 words
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Article, Illustration380 1985-03-23 7 HYPERION - By HYPERION VISITING Sydney rider Malcolm Johnston can get quickly back into the winner's enclosure today after a four-day suspension. The Aussie teams up with Avon Stable's Chimbu in Race 1. The New Zealand gelding has been improving and with a good jump from the380 words
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Article228 1985-03-23 7 Reuter THREE ASIAN men's seeds survived severe pressure before claiming quarter-final places at the All-En-gland badminton championships at Wembley on Thursday. Zhao Jianhua and Yang Yang of China, seeded second and joint third respectively, and Liem Swie King of Indonesia, the champion three times, all struggledReuter - 228 words
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Page 7 Miscellaneous
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Miscellaneous825 1985-03-23 7 CRYPTIC PUZZLE ACROSS 9 Whatever happens, of whoever is being prosecut- Ed (2. 3. 4) 10 Rush off to get the young devil (8) 12 Return to make one's home in, which is iniquitous (4) 13 As to the order, I'm to return to the plant (6) 14 Again m825 words
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INTERNATIONAL STOCKS
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298 1985-03-23 8 Reuter BUSINESS at British Telecommunications PLC (BT) has remained satisfactory during the fourth quarter of fiscal 1984/85 ending March 31. The quarter's profit should continue the favourable trend of the first nine months. Chairman George Jefferson said in a statement with the interim results thatReuter - 298 words
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Article156 1985-03-23 8 Reuter AVON PRODUCTS INC plans to make at least one substantial acquisition this year and could borrow more than US$5OO million to do so. Avon says it also plans to make several divestitures this year of units that are not performing strongly. The company also saysReuter - 156 words
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304 1985-03-23 8 Reuter WALL STREET stock prices closed slightly higher on Thursday as investors continued to mull the significance of recent economic figures. The Dow Jones Industrial Average rose by 2.98 points to end at 1,268.22. More stocks improved than declined by a margin of 812 toReuter - 304 words
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Article109 1985-03-23 8 MAI 21 Abrttx a 54 Mi -W Hud Boy Imp Oi Inco 49* 17* 36H inch Ale on 37* 23* 21H unch 16* 18 26 unch 3 Bonk Novo Scotia 12* 39 V* unch unch Mc BkxM 25* 15* BP Can Ltd 26* 1C# f*p 72* 34* unch 29*109 words
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Article214 1985-03-23 8 MAR 21 Rand Una*c 470 1300 unch i»»ch INDUSTRIALS A Atoha 700 unch MININGS Ab#ccocn 127 Anglos 2300 -10 AE And O 710 >10 ***** 50 340 1650 25 2250 25 Butt ah 7600 125 1000 -25 430 unch C G Smith 2070 1150 35 CNA 230 1100 -5214 words
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Article647 1985-03-23 8 MAI )l UU Alton Akanr 27% inch Akoa 34* Lud 27 Aftad Cham Co MH 57* •♦1* AfcOrtnan 7 vnch Am Bwnfti tnc 69* 1<« All) fart-: J< i.-W 106* Am Con Co SI* Am Cronomd 51* Am Else Ni 21* Am Eapraw 43* Am Hem* I'rod «0647 words
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Article880 1985-03-23 8 Amsterdam MAI 21 n. AiSN A«floo Miotd AiUO AMCV Amtn Arnito* Bali Bote knum ***** -f-05 187 SO *15 224 50 -05 ***** +05 ***** 15 75*0 45 53 40 4> 1 ***** *0 5 ***** .05 MiH 8820 -0 i ■*»U 20 Gill, 0a* M« Ehtmo FohJiar880 words
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Page 8 Advertisements
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Advertisement463 1985-03-23 8 &>< 4 I m >£Sir.2 High tea. fashion... at Orchard Hotel Singapore. V z 1 A fl I i At The Terrace on Sal from 3pm to 6pm Treat yourself to a scrumptious tea and fashion show lay leading boutiques. Models from Ivor's Models. Boutiques: Mar 23 Top-Trend Boutique Mar463 words
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Advertisement139 1985-03-23 8 London stocks, Pago 11 4U i.An t'C. m V 15' I LOMMgE Sip a glass of the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with versatile quartet Body n Soul from Philippines. They'll captivate youl Happy nomas Spat 7pa. 25%139 words
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ASIAN STOCKS
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Article342 1985-03-23 9 HONGKONG: Stock prices rose in active trading yesterday as institutions and small investors moved into the market. The market's strong opening led to institutional chart buying, sending the Hang Seng Index up nearly 16 points by the end of the morning. But a late round of profit-taking trimmed the342 words
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Article216 1985-03-23 9 MAR 22 NT Pacific Cons Pacific Elect 20 10 -07 4 30 •0 05 1720 -U.l 2520 0 2 1 43 •0 04 Cathay Con* Chang H*o Bank 24 00 52 00 1900 -02 0 5 Shorp Popet 1670 unch Chn Hsin Cement Chino Chem O*no Dev CNno Elect216 words
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Article332 1985-03-23 9 TOKYO: A firm opening yesterday sent the market average to a record high in early trading, but afternoon selling of financials and international populars dragged it down until a last minute recovery on renewed confidence in the US economy helped it close barely higher on balance. The market average332 words
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Article120 1985-03-23 9 MANILA: Share prices closed mixed in dull trading yesterday. The Commercial k Industrial Index rose 1.51 to 130.93. the Mining Index dropped 3.30 to 697.58 and the Oils Index remained unchanged at 0.611. MAR 22 A cot* M«og Ptra 0014 001 13 9986 0 999 Oriental B Phfex B120 words
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Article359 1985-03-23 9 SYDNEY: Share markets closed firmer in active trading yesterday as investors ignored a continued slide in bullion prices to push the market higher. At the close, the All Ordinaries Index was up 8.5 points at 810.8, the All Industrials Index six at 1,174.2 and the All Resources Index 10.0359 words
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Article150 1985-03-23 9 BANGKOK: Share prices closed higher in moderate trading yesterday. The Book Club Index rose 0.15 to 129.26 and gainers led losers by a small margin. Turnover was 350,062 shares worth 38.3 million baht compared with Thursday's 470,580 shares worth 58.7 million baht. MAR 22 Aokham Thai Asio Ffcre Ayuthoyo150 words
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Article73 1985-03-23 9 MAR 22 Won -9 unch 1 -8 +7 Hyundoi Motor KAL Korea F**t 575 655 620 -5 +5 -1 Choheong 6k Commerciol Bk DoeWn Ind 575 612 442 441 Korea CM Korea Shp 1776 350 635 -6 unch -J 535 2 733 -5 455 860 122 Gold Star 64573 words
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Article64 1985-03-23 9 Reuter WARDLEY LTD says a proposed HK$5OO million bill of exchange issue by Hutchison Whampoa Ltd is still at a preliminary stage. It said: "Generally, any issue is subject to the prior approval of the Hongkong Securities Commission." This clarifies earlier remarks by a Wardley spokesmanReuter - 64 words
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396 1985-03-23 9 Reuter SWIRE PACIFIC LTD is expected to report sharply higher 1984 profit on Monday, aided by the strong results of its 70-per-cent-owned airline, Cathay Pacific Airways Ltd. Most analysts say after-tax earnings are expected to be near the company's target of HK$l billion,Reuter - 396 words
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133 1985-03-23 9 AFP BRITISH LEYLAND (BL) is likely to invest U*****.6 million in a project to revamp the financially-crip-pled Bangkok City Bus Agency. Pichate SathiTachawa, director of the Bangkok Mass Transit Authority (BMTA), said that two companies, BL and the Singaporebased Motors and LeasingAFP - 133 words
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296 1985-03-23 9 Bernama FIVE oil fields in the Baram Delta area off Sarawak which have been operated by the Sarawak Shell Bhd for 15 years are to become joint venture fields with Petronas Carigali under a new productionsharing contract (PSC). The joint-venture agreement and a newBernama - 296 words
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Page 9 Advertisements
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Advertisement542 1985-03-23 9 asi H m A, '£j r::^L Co**' A <5 >5 a ;/=p From English afternoon teas of hot scones and strawberry jam, to evening cocktails. Then dance to the music of Juliana's of London. Linger. The mood is Distinctively Hilton in Style. HMON NTCRNATIONAb SINGAPORE a- i t Dine in542 words
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Advertisement89 1985-03-23 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL LOUNGE With Ramon D'Ncw Blackjacks Happy Hours: spm —7 pm With Sunny and Stamford M For reservations please call 734 6622 MIHSMUJ. MOTmi, A Singapore 19, Cairnhill Circle, Singapore 0922 restaurant u *7F K Serving a wide range of Chinese Hunan specialities89 words
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SHARE INFORMATION
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Article, Illustration4280 1985-03-23 10 TRADING at the Singapore stock market continued to be listless yesterday. Stocks closed slightly easier in quiet trading. The major market indicators finished with small losses. The BT Composite Index lost 3.19 points to 737.61 while the Straits Times Industrial Index took a4,280 words
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Article260 1985-03-23 10 SINGAPORE Rises Indices C C 400 Rosy Elact 344 Eu Yon Song 265 Roleigh 390 Leong Huot 155 Kings 125 Fimo M lot 362 f Pelong, 50< 140 M Cobles 462 Tosefc Camant 440 Falls 14 12 7 6 5 5 4 4 2 2 BT Composite260 words
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Article3185 1985-03-23 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT"3,185 words
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Page 10 Advertisements
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Advertisement42 1985-03-23 10 KL market report and Business done on the KLSE See page 11 (5) Bringing "P ■amr.rTT is not easy Over 200 nutritionally sound and ingenious recipes ranging from soups, vegetable and meat dishes to puddings. Available at all good bookshops. Distributed by42 words
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COMPANY NEWS
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457 1985-03-23 11 Mm By HOCK LOCK SIEW SIGMA METAL Ltd is taking a long time to make known its corporate plans which were first intimated when it requested a suspension in the trading of its shares more than a month ago. Meanwhile, shareholders have been feedingBy HOCK LOCK SIEW - 457 words
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Article577 1985-03-23 11 THE MALAYSIAN Capital Issues Committee is applying a price-earnings multiple of between three and eight times to determine the issue or offer price of new share issues. The price-earnings multiple is based on the projected profits of the company. Other factors taken into account are577 words
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Article98 1985-03-23 11 HONGKONG Hang Seng Index Friday 1360.69 Thursday 1347.73 Week ago 1333.76 TOKYO Tokyo Dow Jones Australian Industrials Friday 1174.2 Thursday 1168.2 Week ago 1171.0 NEW YORK Dow Jones Thursday 1268.22 Wednesday 1265.24 Week ago 1260.05 Friday *****.60 Thursday Closed Week ago *****.03 Standard Poors Thursday 179.35 Wednesday 179.0898 words
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Article214 1985-03-23 11 Managers' prices for March 23 25 Singapore Unit Trust The Commerce 2.20 2.34 The Savings Fund 1.53 1.62 S'pore Prog Fund 0 94 1 00 S'pore Sec Fund 1.38 1.46 S'pore Invest Fund 0.95 1.01 S'pore Equity Fund 0.95 101 Asia Unit Trust Mol Invest Fund 2 40214 words
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Article1023 1985-03-23 11 EQUITIES opened lower in dull trading yesterday on the last day of the account on liquidation of traders' short-term positions. At 9.45 am, the FTSE 100 index was 4.6 points lower to 1,296.1. Turner and Newall fell 7p to 106 after announcing annual figures below market expectations. Among1,023 words
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Article99 1985-03-23 11 BROKERS in Kuala Lumpur report (hat a few of their clients with Dunlop shares who want to cash in on the BTR offer have sold their shares in the market rather than accept BTR's share offer. It is not because they question BTR's standing99 words
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Article538 1985-03-23 11 NAJEEB JARHOM - By NAJEEB JARHOM CYpLE Carriage Ltd, a prime takeover target, has further aroused market interest with the disclosure yesterday that the powerful Kuwait Investment Office bought two million shares last Friday for $6.56 million or at an average cost of $3.28 a share. With this538 words
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Article287 1985-03-23 11 Reuter COMPAGNIE Financiere de Paribas) (Paribas) has sold all its 25.5 per cent stake in Sun Hung Kai Co Ltd (SHK) to Heeyun Co Ltd at HK$l.6O per share. Heeyun is a private company associated with SHK's chairman Fung King Hey. Mr Fung, already owningReuter - 287 words
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Article145 1985-03-23 11 MULPHA INTERNATIONAL Trading Corp Bbd (MITC) has reduced its direct stake in Mulpha (Singapore) Ltd to 51.02 per cent. MITC said this has been effected through a transfer of 9.56 million ordinary shares of $1 each to two subsidiaries of Mul-ti-Purpose Holdings Bhd for a cash consideration of145 words
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459 1985-03-23 11 SHARE PRICES retreated across the board in listless trading on the Kuala Lumpur stock market yesterday. Trading conditions were quiet except for a few selected counters which continued to attract investors' interest andwent against the trend to finish higher. The market opened on459 words
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Article2304 1985-03-23 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. MDUSTRIALS Ac mo (I) 1 92 Ajinomoto (3 70S) A2,304 words
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Article173 1985-03-23 11 THE WILKINSON PROCESS RUBBER Cempnny Berk»d: Fifty-third AGM at 70, Jalan Am pang. Kuala Lumpur on Mar 26 at 2.30 pm. VAN DER HORST Limited: Eleventh AGM at 11, Pandan Crescent, Singapore 0612 on Mar 27 at 10 am to be followed by the EGM at 11.15 am.173 words
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YESTERDAY IN PARLIAMENT
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1169 1985-03-23 12 SALARIES OF senior ministers will be raised when the business climate improves instead of around Budget time as Prime Minister Lee Kuan Yew proposed. Mr Lee had intended to raise the salaries of ministers, or at least those heading "heavyweight" ministries such as Defence,1,169 words
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285 1985-03-23 12 THE GOVERNMENT yesterday rejected a call to give statutory boards more freedom in the management of their surplus funds. Finance Minister Dr Tony Tan said that these funds could be channelled back to the public in the form of lower285 words
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Article137 1985-03-23 12 A DATA BANK of all government permits and licences will be operational by the end of this year. The bank will ensure that no duplication or conflict of interest will arise in the issue of new licences. Finance Minister Dr Tony Tan said the setting137 words
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234 1985-03-23 12 THE LAW may be used to get high-calibre bat reluctant lawyers to Oil top legal poets in the government. Prime Minister Lee Kim Yew said he is "seriously considering" an Enlistment Act as the alternative to persnading capable lawyers who hesitate234 words
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Article112 1985-03-23 12 THE NATIONAL Computer Board and the Economic Development Board work very closely to attract software investment to the Republic. There is therefore no need for the NCB to be vested with powers to grant incentives to attract investors. Finance Minister Dr Tony Tan also told the House that112 words
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Article83 1985-03-23 12 THE GOVERNMENT is concerned about the training and career development of all civil servants, not just the high fliers, said Dr Tony Tan. Prior to 1982, the bulk of the training went to the higher grade officers but this has been rectified. The plight of pensioners will83 words
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296 1985-03-23 12 Reuter PHILIPPINE opposition groups yesterday announced the formation of yet another organisation aimed at toppling by ballot box or protest the government of President Marcos. Describing itself as a "political force but not yet a political party", the new organisation hopes to unite anReuter - 296 words
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343 1985-03-23 12 SOH TIANG KENG - By SOH TIANG KENG Banking Correspondent THE US DOLLAR yesterday opened feebly but later regained lost ground on the foreign exchange markets in Singapore and the Far East. The initial weakness of the dollar was due to bearish economic news from the343 words
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Article141 1985-03-23 12 Reuter BRITAIN'S gross domestic product (GDP) rose a seasonally adjusted 1.5 per cent on the average basis in the fourth quarter after a revised one per cent increase in the third. The London Central Statistical Office said yesterday that on the output basis, fourth quarter GDPReuter - 141 words
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Article68 1985-03-23 12 Reuter WALL STREET stock prices were higher in early trading yesterday as the market reacted to the decline reported on Thursday in the US M-l money supply figure, analysts said. The Dow Jones Industrial Average was up over 3 1 pointsto 1272. Overall, gainers led losers byReuter - 68 words
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LATE FILE
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Article51 1985-03-23 12 AFP NIGERIAN Oil Minister Tarn David-West has denied reports that his country was not respecting production quotas set by the Organisation of Petroleum Exporting Countries. Speaking on his return from an Opec meeting in Geneva, Mr David-West said Nigeria was one of the organisation's most disciplined members.AFP - 51 words
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Article51 1985-03-23 12 AFP ABOUT 13,000 employees of Sri Lanka's two leading state banks face summary dismissal, starting from yesterday, if they refuse to work overtime. The government has declared all banks an "essential service" after unions issued an overtime ban, to press a demand for a 40 per cent wageAFP - 51 words
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Article58 1985-03-23 12 Bernama MALAYSIA and Japan yesterday signed in Tokyo the general agreement for the tenth yen loan totalling 21 billion yen (Ms2lo million). Malaysian ambassador to Japan Datuk Jamaluddin Abu Bakar signed on behalf of the Malaysian government while the president of Overseas Economic Cooperation Fund, MrBernama - 58 words
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Article41 1985-03-23 12 Bernama THE Japanese Patent Agency will help Asean members in formulating a patent system, an agency official said. Besides Asean, the agency would also offer cooperation to other countries, including South Korea, under an agreement reached last October. BernamaBernama - 41 words
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Article39 1985-03-23 12 AP ITALIAN Foreign Trade Minister Nigola Capria and his Chinese counterpart, Zheng Tuobin, attended the just-opened third session of the two countries' economic cooperation mixed committee in Beijing yesterday, the official Xinhua news agency reported. APAP - 39 words
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Page 12 Advertisements
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Advertisement471 1985-03-23 12 wmwwitt^zm R TIMES CONFERENCES Presents THE SECOND TIMES ANNUAL CONFERENCE ON CORPORATE TAX PLANNING FOR SINGAPORE MALAYSIA 23, 24 i 25 AI'KII., 1»85 Sll \N(.lil l lIOTKI,, SIMiAI'OKK 23 APRIL 1985 24 APRIL 1985 25 APRIL 1985 CHAIRMAN Sldaey C Rait Slagapere TAX PLANNING REVIEW IIM/85 Sidney C Relt Slag»p*re471 words
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Page 12 Miscellaneous
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Miscellaneous53 1985-03-23 12 Outlook for todoy: Showers in a few areas in the afternoon. Report for 24 hours prior to 7.30pm on March 22 at the airport: Maximum temperature 33.3 Associated humidity 61 Minimum temperature 24.8 Associated humidity 96 Hours of sunshine 10.50 Rainfall in millimetres Nil Roinfall this month 57.8 Rainy days53 words
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