The Business Times, 20 April 1985
1985-04-20
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The Business Times
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Title Section11 1985-04-20 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, APRIL 1985 60 CENTS11 words
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473 1985-04-20 1 BOEY KIT YIN - SGS chalks up milestone for Singapore's semiconductor industry By BOEY KIT YIN THE FIRST locally-designed integrated circuits (ICs) are ready for production and sale this year. The achievement by local design engineers at SGS Semiconductor in Singapore augurs well for the Republic's move473 words
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174 1985-04-20 1 UPI INDIAN Prime Minister Rajiv Gandhi has given full diplomatic status to the New Delhi representative of the South West Africa People's Organisation. Mr Gandhi made the announcement in Delhi yesterday when inaugurating a three-day Non-Aligned Movement conference on South Africa's military presence inUPI - 174 words
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339 1985-04-20 1 ABOUT $500 million were withdrawn by CPF members to buy HDB and HUDC flats under the Approved Housing Scheme in the first three months of the year. According to a CPF statement yesterday, some $2.6 billion were withdrawn under the various public housing339 words
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297 1985-04-20 1 MALAYSIAN Foreign Minister Tengku Ahmad Rithaudden has warned that Malaysia and other Asean countries will provide strong assistance to Thailand if it is attacked by Vietnam. He did not rule out military aid, and added that the form of aid would297 words
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270 1985-04-20 1 WHILE TAXI DRIVERS continue to moan and groan about poor business, one prominent local businessman thinks there is good money to be made from running a taxi service not in Singapore, of course. A taxi service in Beijing is one of the270 words
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Article, Illustration80 1985-04-20 1 INDUSTRIAL eiuten led a small rally la the Singapore stock market yesterday. The rally was tke result of bargain boating aad short-covering activities after six consecutive days o( falls. While industrials were firm, the rest of the market was mostly easier. The BT Composite Index rose 1.21 points80 words
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325 1985-04-20 1 A "SEX CHANGE" operation has been ordered for talking lifts in a number of buildings. Furama Hotel, Boulevard Hotel and Standard Chartered Bank have asked Otis, the manufacturer, to replace the current guttural tones with something more feminine. At Furama Hotel, the lifts325 words
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Article96 1985-04-20 1 SINGAPORE'S economic growth last year, at 8.2 per cent, ranked a joint third among the developing countries in the Asian-Pacif-ic region, said the Asian Development Bank. Of the 28 developing member countries of the ADB, Taiwan recorded the strongest gross do- mestic product growth of 10.696 words
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Article121 1985-04-20 1 MANUFACTURERS of office equipment, planning systems and furniture will be displaying their ware at Office '85, which opens on April 24. The four-day exhibition at the World Trade Centre (Hall 3), organised by Technotrend Pte Ltd, will feature some of the latest products and equipment from121 words
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Article, Illustration382 1985-04-20 1 EDB says AT T's venture is plum investment for '85 AMERICAN Telephone Telegraph's $80 million investment here will open up new horizons in electronic technology in Singapore. Local engineers employed by the giant telecommunications group, better known as AT&T, will have a chance to learn the latest know-how in the382 words
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Page 1 Advertisements
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Advertisement46 1985-04-20 1 ASIAPRINT '85 41h International Exhibition of Printing, Graphic Arts Equipment Supplies. ASIAPRINT Zs3 JUNE 20-23 WTC S PORE 1905— 1 9 8 5 80 YEARS OF BANKING EXPERIENCE IN SINGAPORE TO SERVE YOU BETTER IB BANQUEINDOSUEZ 3 Shenton Way. Shenton House Singapore 0106 Tel *****1 146 words
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Advertisement275 1985-04-20 1 mm AUTHORITIES are cracking down on visitors who overstay and on illegal workers. This week, officiols from the Ministry of Home Affairs and the Ministry of Labour checked on 200 workers. Page 2 JAPAN, awash with earnings from its trade surpluses, is fast on its way to becoming the world's275 words
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Advertisement214 1985-04-20 1 Full report, Pag* 10 Asian stocks, Pag* 9 Intl stocks, Pag* 8 A W£ ■ms. 1 •J h 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 second-layer insert behind214 words
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Advertisement49 1985-04-20 1 ASIAPACK '85 BMI 4th International Exhibition of Packaging Machinery ||kiy 1 Materials And Food Processing Machinery JUNE 20-23 WTC S PORE m BT presents BILLBOARD a new and improved guide to leisure activities in Singapore. Watch out for it every Sa turday in the TIME-OFF page. See Page 649 words
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HOME NEWS
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Article, Illustration456 1985-04-20 2 SHAHRIR ARIFF - Two hotel construction sites inspected By SHAHRIR ARIFF THE AUTHORITIES are cracking down on illegal workers and visitors who overstay. From Tuesday to Thursday, officials from the Ministry of Home Affairs and the Ministry of Labour between them checked on 200 workers and found 139456 words
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Article123 1985-04-20 2 THE Trade Development Board is conducting a course on import and export documentation procedures and trade classification of goods next week. The course, from April 22 to 27, is the fifth in a series. All the previous sessions were well attended. The course is aimed at123 words
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Article301 1985-04-20 2 A CLUBHOUSE with a canteen, child care centre, a nursery and games room, will be ready for the staff of the Jurong Town Corporation by early next year. The air-conditioned clubhouse, at Jurong Town Hall, may be linked later to the main building by an301 words
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Article119 1985-04-20 2 A BURMESE trade delegation led by the Minister for Trade is due in Singapore tomorrow for a three-day visit. Accompanying the minister, Mr Khin Maung Gyi, are five officials Mr Khin Muang Soe, charge d'affaires of the Burmese Embassy in Singapore; Mr Thawda Sein, managing director119 words
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Article, Illustration308 1985-04-20 2 SHARP CORPORATION has introduced a new colour television, the 15C-Al, that can easily be connected to home stereo systems for stereo TV programmes. The new TV features a built-in multiplex sound decoder which is mounted on both the front and back of the system for simple connection with308 words
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335 1985-04-20 2 MOSCOW NARODNY Bank has refused to meet the demands of the Singapore Bank Employees' Union for higher retrenchment compensation for laid-off members. The SBEU's dispute council will meet next week to decide if it should accept the bank's decision. If it is335 words
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Article76 1985-04-20 2 WITH EFFECT from today, international direct dialling (IDD) services to the Indonesian towns of Balikpapan, Pekanbaru, Pontianak and Samarinda will be available via Palapa satellite. Currently, operator-as-sisted telephone service is available to these towns via the Palapa satellite and IDD service via Intelsat satellite. Using the Palapa76 words
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160 1985-04-20 2 SINGAPORE GIRLS and their colleagues are showing above average staying power. SIA managing director Dr Cheong Choong Kong said last night that the turnover rate in the Singapore Airlines group was low compared with industry and national standards. Over the past 10 years it160 words
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144 1985-04-20 2 THE Chartered Institute of Transport, Singapore Section, is organising a talk for members on "The Singapore Airport: Challenges and Prospects in this region" today. The talk will be on from 2.15pm to 4.30pm at Changi Airport. Topics include recent developments in the airport, characteristics144 words
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401 1985-04-20 2 JEFFREY TSANG - By JEFFREY TSANG THE GOVERNMENT is working out details, including making amendments to legislation, to implement the proposal by the Minister for National Development to decentralise the man agement and maintenance of public housing estates through town councils. At the same time,401 words
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Article125 1985-04-20 2 A 14-MINUTE slide show designed as a guide to new homemakers is going on show at the Housing Development Board. The main audience for the show, which cost the board $19,000 and took three months to produce, will be tenants collecting their keys at the125 words
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Article919 1985-04-20 2 AT CONVENTIONAL WHARVES VmmI Berth Arrival Departure KEPPEL WHARVES Altair K19 alongside 20.4/2300 Areti K33 alongside 20.4/0515 Belait K24W alongside 20.4/0600 Botany Triad K29 alongside 20.4/2100 Gold Orli K12 alongside 20.4/1700 Rajah Brooke K25W alongside 20.4/1800 Tekad K27 alongside 20.4/1800 Vesta K16 alongside 20.4/2300 Anchan K18 20.4/0600919 words
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OVERSEAS
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Article, Illustration320 1985-04-20 3 Reuter CHINESE Communist Party leader Hu Yaobang said China would cut the strength of its armed forces by one million men this year. Mr Hu told reporters yesterday the move to reduce conventional forces would not diminish China's ability to defend itself. SpeakingReuter - 320 words
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Article726 1985-04-20 3 ARRIVALS Operator Service Local From number time CAL CI806 0945 HLP RBA BI421 1000 BWN SIA SQ103 1005 KUL AC AC858 1015 YYZ/LHR/ BOM CPA CX710 1030 HLP GIA GA960 1100 CGK SIA SQ201 1145 HLP SIA SQ105 1120 KUL THAI TG403 1155 BKK S1A SQ191 1210726 words
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210 1985-04-20 3 AP PRESIDENT Reagan, saying he will not cancel a visit to a German cemetery where Nazi soldiers are buried, is preparing to meet a Jewish leader who says the President has brought pain and shame to Americans. Mr Reagan was scheduled yesterdayAP - 210 words
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215 1985-04-20 3 FT WEST GERMANY will shortly send a team of experts to the US to examine the basis for a possible German stake in research into the controversial space-based strategic defence initiative (SDI). The announcement was made on Thursday by Chancellor Helmut Kohl inFT - 215 words
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180 1985-04-20 3 Reuter TAIWAN'S military intelligence chief was yesterday convicted of plotting the murder in California of Chi-nese-American writer Henry Liu and sentenced by a military tribunal to life imprisonment. The tribunal ruled that Vice-Admiral Wang HsiLing, 58, head of the military intelligence bureau, had plotted theReuter - 180 words
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246 1985-04-20 3 AMERICAN semi-conductor companies are planning to invest up to US$2OB million to expand and upgrade their operations in Malaysia during the next four years. Russel Smith, vice-president of the American Business Council, said the new investments would top off the $353 million that246 words
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365 1985-04-20 3 Reuter SOVIET LEADER Mikhail Gorbachev will meet his Warsaw Pact allies in the Polish capital later this month for a summit meeting which is expected to mark the formal renewal of the 30-year-old defence alliance. The treaty setting up the pact expires onReuter - 365 words
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715 1985-04-20 4 Nation expected to be world's biggest investor by year-end AP JAPAN, awash with earnings from its trade surpluses, is fast on its way to becoming the world's largest investor nation. From the jungles of Indonesia to the boardrooms of Wall Street, theAP - 715 words
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324 1985-04-20 4 Reuter PRIME MINISTER Yasuhiro Nakasone has launched a task force to oversee Japan's mar-ket-opening policies amid signs of stiff resistance to his call to remove trade barriers. "This is the last chance to advance our external economic policy," Kyodo news agency quoted Nakasone as tellingReuter - 324 words
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271 1985-04-20 4 Reuter QUEENSLAND was yesterday virtually cut off from the rest of Australia as trade unionists mounted a blockade to protest against the north-eastern state's anti-strike measures. Commercial transport unions in neighbouring New South Wales and the southern state of Victoria began a road blockade onReuter - 271 words
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Article, Illustration387 1985-04-20 4 AP WHEN SOUTH KOREA'S President Chun Doo-Hwan arrives in Washington next Thursday for a three-day visit with President Reagan, he will be given an official account of how 87 US-made combat helicopters were smuggled into North Korea. "We expect the report this month,"AP - 387 words
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WORLD IN BRIEF
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Article65 1985-04-20 4 TWO GUNMEN yesterday shot and wounded a top national official of Prime Minister Rajiv Gandhi's Congress (I) Party in the Sikh holy city of Amritsar. The Press Trust of India (PTI) said the gunmen forced their way into the home of Raghundan Bhatia, one of several general65 words
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Article69 1985-04-20 4 ONE OF San Francisco's oldest law firms McCutchen, Doyle, Brown and Enersen will establish a representative office in Shanghai on May 1. McCutchen's Shanghai staff will provide legal advice to American companies doing business in China and assist Chinese enterprises in their dealings with their counterparts. The firm69 words
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Article66 1985-04-20 4 AN INDONESIAN general has ordered security forces in South Sumatra to execute criminals on the spot because of a sharp increase in lawlessness in the region. The official Antara news agency in Indonesia said Brigadier General Roestandi told his men to shoot dead robbers, murderers and rapists who66 words
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Article81 1985-04-20 4 BULLYING by schoolchildren has become a major social problem in Japan, leading to seven suicides and four cases of murder or attempted murder last year, a police report said. The report said the Na- tional Police Agency dealt with 531 cases of "ijime" (bullying) involving criminal offences81 words
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Article72 1985-04-20 4 Agencies A COALITION of senior British politicians, businessmen, unionists and churchmen is being set up to press Prime Minister Margaret Thatcher to do more to cut the country's record 13 per cent unemployment. Sir Richard O'Brien, the chairman of the new group, said that more than 100Agencies - 72 words
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Page 3 Advertisements
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Advertisement32 1985-04-20 3 W1 f¥W I'an \m I-- 1 Ivinv; I rom Singapore lo I lonv; Kmij;, 11>k\ i», I (>s AiiiioJfs, I lonolulu, San Frani isa» \t'\v t>t k For Updated Information, Call *****1132 words
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Advertisement722 1985-04-20 3 uniTGD mcjTOR works [maLauso] holdtos bgrh3d (Incorporated in Malaysia) PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 ST DECEMBER 1984 The Board of Directors wishes to announce the following audited results of the Group fa the year ended 31st December 1984: GROUP Investment And Other Income Operating Profit/(Loss) Before722 words
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Page 3 Miscellaneous
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Miscellaneous33 1985-04-20 3 Doonesbury m m r j 5^ 5a r SU*e,rM9JR£. j TLLSHOUJYOU. excuse w. is ANYBODY HERB GEWNSANY /ACTION? iWK s/2f v ITiS BY GARRY TRUDEAU m v :•/> ft <S4 15 ir !1( ♦v33 words
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RAW MATERIALS
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Article152 1985-04-20 4 Chinese Produce Exchange (Sellers' noon closing prices on Apr 19 S$/100 kg) Coconut oil Bulk FOB 150 00 Old drum FOB 163 00 New drum FOB 167 00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gombier FOB NSW 477 50 396 00 248 00152 words
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Article283 1985-04-20 4 Singapore C-1 Ord unq (S$/Vilo, ex-godown) Loonzain Rice Fragrant new crop 1st 086 100% 1st grade 100% 2nd grode unq 227 2nd 064 100% 3rd grade unq 3rd 060 Parboiled Rice New Crop 25% 10% no stock no stock 5% 10% 227 222 Thai Broken Maize unq A-super Special283 words
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Article111 1985-04-20 4 THE Kuto Lampar Tin Market price dropped Ove cents to M 529.35 per kg yesterday, still within the Internatienal Tin Agreement lower range of $21.15 and IS2.M. Bearish sentiment was attributed to continuing poor overseas demand and the lower London trend. The buffer stock manager was the sole111 words
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Article163 1985-04-20 4 Yarn (In HK$ per Ma of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,550 Blue Phoenix 20's 2,700 Blue Phoenix 32's 3,300 Blue Phoenix 40's 3,650 Carded yarn, hank Blue Phoenix 21's 2,900 Combed yarn, cones Blue Phoenix 32's 4,350 Blue Phoenix 40's 4,500 Open-end yarn Blue163 words
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Article187 1985-04-20 4 SINGAPORE The market closed higher yesterday with May One RSS buyers quoted at 169.00 cents per kg, up 1.50 cents from Thursday night. After opening about half a cent higher, prices rose further in quiet morning trading. Prices hovered narrowly around lunchtime levels in very quiet afternoon trading but187 words
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Article368 1985-04-20 4 RAS prices m S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 167 50 168 SON 167.75 *****N Int 1 RSS Moy 85 ***** 169 25 169 00 169 50 Int 1 RSS June 85 171 50 172 00 171.75 172368 words
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Article115 1985-04-20 4 MALAYSIAN crude palm oil prices rose further yesterday on continued covering and speculative buying interest as sentiment was boosted by Pakistan's RBD palm oil purchase over the last two days and India's tender earlier this week. In the April position, south region firmed Msls to $1,560 per tonne115 words
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Article131 1985-04-20 4 SOYBEAN futures closed 4-3/4 to three cents per bushel higher in moderate trade on the Chicago Board of Trade on Thursday. May settled at $5.953/4 near the top of a 3-14-cent range. Futures was supported by weakness in the US dollar. Reports that Mexico was scheduled to tender for131 words
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Article119 1985-04-20 4 WHEAT FUTURES closed 1-1/2 cents per bushel lower in old crop May to unchanged in new crop May on the Chicago Board of Trade on Thursday. May rebounded from midday lows to settle at $3.52-1/4 in the middle of a seven-cent range. May continued in a downtrend after Wednesday's119 words
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Article110 1985-04-20 4 (cents/kg, 1-ton pollen) MAY 85 JUNE 85 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 169 50 171 SON 171 50 173 SON SSR 50 167 50 169 SON 169 50 17 i 50N MRELB Buyers Sellers Buyers Sellers SMR CV *****110 words
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Article728 1985-04-20 4 COFFEE Robusta futures yesterday advanced to the day's highs approaching the midday recess, on mixed short-covering ahead of the weekend and some technical buying. Positions were £18 to £15 a tonne up from Thursday night. July traded last at its session high of £2,046, up £16, and compared728 words
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BANKING AND FINANCE
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225 1985-04-20 5 Reuter FEDERAL RESERVE chairman Paul Volcker expects US M-1 money supply growth to slow in the coming months after a fairly rapid growth in the past few months. Mr Volcker made the comment in written answers on Thursday to questions submitted to him byReuter - 225 words
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Article, Illustration907 1985-04-20 5 AMY BALAN - Majority expected to be those who do not own credit cards By AMY BALAN ONE MILLION Singaporeans that's the target number of users which the Republic's five top banks have set for themselves in their cashless shopping project to be launched this June. The907 words
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120 1985-04-20 5 Reuter SOUTH KOREAN banks are allowed to introduce new high-interest savings and time deposits. The Bank of Korea says the savings deposits will mature in six months or longer and bear 12 per cent annual interest against 10 per cent for existing savings deposits.Reuter - 120 words
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369 1985-04-20 5 Reuter CONCERTED intervention by the Bundesbank against the US dollar at the end of February was not designed to change a trend but to make foreign exchange operators aware of growing currency risks. The bank said in its 1984 annual report that in spiteReuter - 369 words
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MONEY AND EXCHANGES
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Article621 1985-04-20 5 SINGAPORE The US dollar closed higher against most major currencies in quiet trading yesterday, mainly on some covering interest ahead of the weekend after its sharp fall in New York. The dollar closed firmer at 2.9735/55 marks compared with New York's close of 2.9580/9610, at 2.4740/70 Swiss francs621 words
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Article208 1985-04-20 5 Interbank rates at 3pm yesterday: Currenciee Nominal rates 8r quoted yea tar day ci nilhaonim ■oea parity change Local dollars to one unit of foreign currency: US dollar 2.1940 2.1960 2.8196 -22 19 Sterling pound ***** 2.8526 7.3469 -61.27 Australian dollar 1 3997 1.4076 ***** -59 18 NZ208 words
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Article108 1985-04-20 5 THE OVERNIGHT rate on the Singapore interbank money market fell by 1/8point from Thursday to close at 5-3/8 per cent yesterday. The one and two-month term rates fell by 1/16point each while the threemonth rate fell by 1/8point. r i S$ Interbank rates at 3pm yesterday: Offer BkJ108 words
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Article319 1985-04-20 5 Asian market ASIAN dollar deposit rates opened easier yesterday in thin trading. The weaker trend was attributed to lower US federal funds and news of a smaller-than-expected 1.3 per cent growth in US first-quarter GNP versus an earlier forecast of 2.1 per cent. Overnight fell 5/16 point to 8-1/16 7-15/16319 words
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Article, Illustration60 1985-04-20 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from April 22 to April 19. Offered: $135,000,000. Applied for: $284,250,000. Allotted: $135,000,000. Accepted bids: $99.27 approximately 36 per cent; higher bids in full. Average rate ti discount mi alletmeat: 2.900 per cent per annum. MMCATES60 words
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Article353 1985-04-20 5 BA Futures JUNE Ear«4*llar opened slightly lower yesterday than CME's close on Thursday at 91.19 and attempted higher on bullish sentiment after the lower-than-expec-ted US GNP release. Profit-taking, however, pushed prices to test the gap at 91.15 from morning's high of 91.22. The contract finally settled at 91.18. Technically,BA Futures - 353 words
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Article230 1985-04-20 5 HONGKONG: The metal lost early gains yesterday to close lower after nervous trading dominated by fluctuations in the value of the US dollar. Bullion finished at U*****.70/327.20 an ounce after touching a high of $329.10/60. It opened steady at $328.00/50 against New York's $327.50/328.00. On the local market, gold230 words
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Page 5 Advertisements
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Advertisement326 1985-04-20 5 THE NEW STRAITS TIMES PRESS (MALAYSIA) RERHAD ANNOUNCEMENT OF RESULTS FOR THE SIX MONTHS ENDED 28TH FEBRUARY 1985 INTERIM RESULTS The Directors are pleased to announce the unaudited results of the Company and the Group for the six months period ended 28th February 1985 as follows:First Half Year Corresponding First326 words
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TIME-OFF
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Article525 1985-04-20 6 WHATEVER else happens in secretaries week, one thing is certain; mistresses will be wined and dined to an extent not seen before, and not only because they will be pressing for at least as good a deal as secretaries are getting. The hapless fellow who wrote525 words
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Article, Illustration764 1985-04-20 6 THE CANADIAN Green Thumb Theatre For Young People uses the theatre as a means of communication between parent and child, child and child and between child and adult society. It is strongly concerned with topical and universal issues affecting children today. This desire to give young764 words
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Article319 1985-04-20 6 STRAWS in the Wind NEWS about the liberalisation of car parking charges has prompted more tales about the pitfalls of parking in Singapore. One was about a Malaysian driver who knew all about Singapore's anti-littering campaign, but little about how to use parking coupons. This driver319 words
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Article, Illustration1172 1985-04-20 6 What's on from April 20 26 MhIM CONCERT: SSO with violiniat Eduard Grach. Victoria Concert Hall. 8.15pm. CONCERT: Chamber concert by Aaaan Youth Muaicians. DBS Auditorium. 3pm. Free tickets from NUS's Centre For Musical Activities. Programme: A variety of small ensemble works and Elgar's Serenade for Strings in E1,172 words
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Page 6 Miscellaneous
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Miscellaneous778 1985-04-20 6 TOIMKMO3 @*****031) CRYPTIC PUZZLE ACROSS 8 No: the heart transplant wiH be about the second (7) 9 Not happy with one's image, perhaps? (6-3) 13 Warn agitatedly about the hole in the tree (5) 14 Strained and tense, having written out the cheque (5) 15 Quite happy to cheat to778 words
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SPORTS
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Article, Illustration630 1985-04-20 7 BRIAN MILLER - By BRIAN MILLER FIVE WEEKS ago, Bnlan Blnwas pounced on as an extra good thing at the Ipoh Turf Gub's March meeting. He had shown dashing form in a time trial earlier in the week and, aside from stablemate Sofia and the George West-trained Mystic630 words
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253 1985-04-20 7 UPI THE UNDEFEATED Clever Allemont has been tagged the early favourite in a field of 10 horses entered in today's US$5OO,OOO Arkansas Derby, America's richest spring race for three-year-olds. Owned by W Cal Par tee, and trained by Lynn Whiting, Clever Allemont is toUPI - 253 words
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480 1985-04-20 7 WALTON MORAIS - By WALTON MORAIS CHUA MONG HENG, making his intimate knowledge of the New course count, stretched his lead in the SICC Open to four strokes at the halfway stage yesterday. The Island Club employee carded an identical 74 to add another three480 words
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Article249 1985-04-20 7 AS IF to counteract last weekend's lull, the local links will be alive with activity this weekend. With SICC holding its Open competition and three other clubs holding their monthly competitions, they'll all be out there lugging their bags on the course. SELETAR: The club249 words
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Article, Illustration338 1985-04-20 7 Agencies BOBBY WADKINS, the first man off the tee, compiled a 6-un-der-par 65 and took the early first-round lead on Thursday in the US$4OO,OOO-dollar Sea Pines Heritage Classic at Hilton Head Island, South Carolina. Bobby, younger brother of Lanny Wadkins and not yet aAgencies - 338 words
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Article, Illustration155 1985-04-20 7 AFP A WAR OP WORDS between two of Australia's majar contenders far the America's Cap defence In IIBWJ Intensified an Thursday. Alan Band's Cup-winning Australia II Syndicate claimed that another Western Australian contender, businessman Kevin Parry's Kookaburra, had breached the 12-metre rule. Band's executiveAFP - 155 words
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Page 7 Advertisements
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Advertisement24 1985-04-20 7 CURKHHCH gives you more than a run for your money ata oftthemitoati on U- Wl M i=H E 3E BBEII S3 EIS 3 Ell24 words
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Page 7 Miscellaneous
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Miscellaneous1190 1985-04-20 7 w qkxd BODO® HIGHLIGHTS The World A Television History The Expansion Of Europe 8 pm, Channel 12 After the death of Kublai Khan in 1294, the Mongol Empire collapsed and we see the end of the famous Silk Road. Trading still went on, however, until the advent of the Black1,190 words
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INTERNATIONAL STOCKS
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251 1985-04-20 8 NYT TED TURNER, the Atlanta broadcasting entrepreneur, has made his expected offer to buy CBS Inc. But the view on Wall Street was that he stood only a slim chance of succeeding. Richard Mac Donald, an analyst for the First Boston Corp, an investmentNYT - 251 words
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Article48 1985-04-20 8 Reuter ADVANCED Tobacco Products Inc will begin testing its smokeless cigarette on May 1. The company said it expected to complete testing in time to introduce the new smokeless cigarette in September. The product provides tobacco pleasure and satisfaction without burning tobacco, the company says. ReuterReuter - 48 words
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Article185 1985-04-20 8 Reuter THE LONDON Takeover Panel, which regulates merger activity, has revised its merger code to close loopholes and improve clarity. Among the changes, the old rule that no shares could be bought by a predator company for seven days after an offer is announced hasReuter - 185 words
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322 1985-04-20 8 Reuter WALL STREET stock prices closed sharply lower on Thursday as investors were hit with disappointing news about corporate profits and government figures which show US economic growth has slowed to a crawl. The Dow Jones Industrial Average dropped by 7.18 points to closeReuter - 322 words
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Article144 1985-04-20 8 AM IS Abttiba c$ 53* Hud Bay Min Imp Ol fcKO kit Pro* Rp« 8* 54* 19* 36 inch AJcan 34V* 23* unch K«t Add 16 i unch unch Lototow B 18* ■f* 2* mch Oonk Moot Bank Nova Scotia M Canada >.». X/ 12* 39* Mc BkxM Motion144 words
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Article145 1985-04-20 8 Utvmc 510 -40 APS IS Rand Wootworth 1525 25 INOUSTVIALS MININGS A Alpha 850 4-25 An0o* Aborcom 160 unch Angtvoai Amopfop amjc 365 2800 unch Bundi Charter 1115 -30 4-2100 Com Gotd C G Smith 2300B CNA 255 380 uru~ti 700 E R Cora 250 -5 E R Prop*145 words
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Article484 1985-04-20 8 Aft 18 US$ Frestone Tra 19* Notl Gypsim Co 40* 27* unch 25* FMC Cp 60* Newmont Mnfl 46* LT»ch Alcoa 33 Fort Motor 43* •1* Norfofc Alegherty Lud Afted Otem Cp 27 42* unch f f faapoct Mnl Freuhout Cp 20* 23* -M 14* C*n Cp 31484 words
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Article895 1985-04-20 8 Amsterdam AM It Fh ABN Aagon AhnM 417 00 +1 180 00 +1 226 50 -1.2 Akzo amev 113 50 -0 1 ***** +7.5 Ami® A/nro Bonk Batfcai Boh 75.70 -0 3 5450 +0.4 96 70 -08 358 00 +4 Botkofa Bur Tat Cokmd Catva Oat M* 92.00895 words
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Page 8 Advertisements
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Advertisement99 1985-04-20 8 a t sIT if=p I I 1 A* WMWa HA** -&01 Nrt ixTEJfcamieaAi SI MGAPOIE tea. high feshion... at Orchard Hotel Singapore At The Terrace on Sat from 3pm to 6pm Treat yourself to a scrumptious tea and fashion show by leading boutiques. Models from Ivor's Models Boutiques April 2099 words
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Advertisement120 1985-04-20 8 <•- i 4* This the Tavern- **£«*■>*"■ i HOTEL ASIA Many happy returns 37 Scotts Road Sngapore 0922 Tel *****88 "fetex H*****3 HOTAStA Novotel Orchid Inn Presents Indonesian Exotica I'j r a i* *v ins V**/* A Kah Ayam and Kah Kambing and Kari Ikan and Satay Kambing and Satay120 words
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Advertisement83 1985-04-20 8 d 0 o° r Terrace Garden Time: 12 noon 2.30 pm Price: $12.00" Fashion Show. 1.15 pm Models by: mori/oloft Modeling Agency s««m v»arby Triumph International ciothesby: Blue Ginger PRESIDENT MERLIN HOTEL SINGAPORE V 181, Kitchener Road, Singapore Tel: *****22 Entertain your friends in Royal Style at EMPEROR'S ROOM a83 words
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Advertisement137 1985-04-20 8 m Ti 9 m ce Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16 each and $20++ each (mln. 2 persons). Over 50 a la carte specialities are also available. FURAMA SINGAPORE HOTEL 10 Eu Tong137 words
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Advertisement145 1985-04-20 8 London stocks, Page 11 T* /ft i Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet. Body N Soul from the Philippines. They'll captivate youl Happy Hours: spm 7pm. 25% off all drinks. #FWNGEK>TtL 270 Orchard145 words
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ASIAN STOCKS
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Article275 1985-04-20 9 AM 19 HK$ Hutchison 23 00 -05 *11 City 079 -0 02 Associated Hotels 0506 -0 002 Jardne Math 11 30 unch Bonk Of East Asia 23 00 -03 Jordne Sec 12 80 -0.2 1550 -03 Ka Woh Bonk 1 46 -0 02 14 50 -0 3 KMB 990275 words
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Article203 1985-04-20 9 AP« 19 HT Ljan Hwo Indus Nan Yo Plas 12 10 26 60 unch unch Al Sincara India Asia Camant 2 80 23.30 2400 ■014 -0.1 -03 Pocific Cons Pacific Elact Wira 18 80 14 40 1 38 -01 -0 25 -0 02 Chang H*a Bank 48 60 -0.1203 words
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Article388 1985-04-20 9 TOKYO: Share prices rose in moderate trading yesterday, driving the market average back over 12,100 after it bottomed out below 12,000 in the first hour. The market average rose 61.98 to 12,114.80 at the close after hitting a day high at 12,152.84, up 100.02 at 1430 JST. The turnover388 words
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Article96 1985-04-20 9 MANILA: Share prices closed largely unchanged yesterday in quiet trading. The Commercial A Industrial Index as well as oils were unchanged at 130.47 and 0.625 respectively, while the Mining Index rose 1.42 to 700.88. An 19 Monfeei Oriental B .11 OOM PM» B 0 011 0.10 -10.989 -974 996 words
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Article432 1985-04-20 9 SYDNEY: Share markets closed easy yesterday, with most stocks under selling pressure in line with a weaker tone on Wall Street and confused currency signals. At the close, the All Ordinaries Index was 7.9 points lower at 849.0 and the Gold Index had fallen 17.5 to 934.2. The All432 words
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Article152 1985-04-20 9 BANGKOK: Share prices closed higher in quiet trading yesterday. The Book Club Index rose 0.69 point to 137.18 and advances led declines by a five-to two margin. Turnover fell to 318,027 shares worth 48.1 million baht from 368,873 shares worth 51.0 million on Thursday. AMI 19 Sam Cuntnt 656152 words
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Article75 1985-04-20 9 APR 19 Won Hyundai Const 901 LT>ch Hyundai Motor 566 ■2 Bonk Seoti 610 KAL 451 9 Choheuog Bk 595 -f 9 Korea Fr%t 635 -6 Commercial Bk 645 unch Korea Ol 1700 unch 480 5 480 -4 500 +2 606 -4 560 12 694 •1 Dong Ah 51575 words
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Article57 1985-04-20 9 Reuter HONGKONG'S French connection in trade will further strengthen in the next few months when more French companies set up permanent footholds in Hongkong, according to Michel Marcot, French Trade Commssioner in Hongkong. Mr Marcot was speaking at a reception organised by Banque Nationale de ParisReuter - 57 words
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712 1985-04-20 9 AP LEE A lACOCCA, chairman of Chrysler Corp, has said he was making his first visit to South Korea for discussions that would lead to a long-term arrangement to develop a new source of car parts for his company. Mr lacocca arrivedAP - 712 words
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74 1985-04-20 9 AFP COCA-COLA China Ltd will open another joint-venture bottling plant in southern China next month. The new plant, located in Zhuhai special economic zone near the Portuguese territory of Macau is a venture comprising the Zhuhai Beverage Co, the Macau Beverage Co andAFP - 74 words
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Article142 1985-04-20 9 AP MATSUSHITA Electronics Ccrp has signed a three billion yen contract to export plant equipment for the production of integrated circuits (ICs) to China. A Matsushita spokesman said yesterday that under the agreement signed last December with the Shandong General Foreign Trade Corp, theAP - 142 words
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Page 9 Advertisements
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Advertisement628 1985-04-20 9 m "5 >5 Z FOR FURTHER INFORMATION CALL *****11 m "A ■> Up the staircase at the Century Parte Sheraton. Follow the sweep of the curving staircase of the Century Park Sheraton and you'll find yourself at the Black Velvet Gold It's a discotheque with hot sounds and cool drinks,628 words
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Advertisement95 1985-04-20 9 Listen to Great New Sounds at CAIRXHILL COCKTAIL LOUNGE With Ramon D'Ncw Blackjacks Happy Hours: spm 7pm With Sunny and Stamford M For reservations please call 734 6622 SW fAIHXHIU MOIKI. J L| Singapore w 19, Cairnhill Circle, Singapore 0922 I (farming garden restaurant u TF 8* Serving a wide95 words
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SHARE INFORMATION
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Article, Illustration4211 1985-04-20 10 THANKS to bargain hunting and short-covering activities, the stock market closed firmer yesterday. But buying interest was still scarce and trading was quiet. The BT Composite Index rose 4.28 points to 712.13 while the Straits Times Industrial Index increased 4.85 points to 7%.95.4,211 words
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Article260 1985-04-20 10 SINGAPORE Rises Indices ■wjantoi 410 H Leong Credit S40 T Harbour 520 C A C 394 (Mf De» 525 ftotu Kovm 390 h«Mt 154 G Lumber 163 SIS 220 QAF Ltd 40t 158 ICS 665 G«it»as 570 Falls •ante 690 Sri Coconuti 260 Wood A Pee 390260 words
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Article2709 1985-04-20 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".2,709 words
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Article152 1985-04-20 10 CITY DEVELOPMENTS Limited: Twenty-Second AGM at 16 Raffles Quay, #26-00, Hong Leong Building, Singapore on Apr 22 at 11.00 am. FABER MERLIN MALAYSIA Berhad: EGM at the Melati Hall, The Merlin Subang, Jalan SS 12/1, Subang Jaya, Selangor on Apr 22 at 10.30 am. GANDA HOLDINGS Berhad: Sixteenth152 words
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Page 10 Advertisements
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Advertisement0 1985-04-20 10 ];,=](!~<\[!_(}\!>}}"$}_^`*$!&%0 words
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COMPANY NEWS
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Article, Illustration202 1985-04-20 11 aaaa? (mora? HOCK LOCK SIEW THE LAST TIME (Nov 9, 1984) I reviewed the technical position of Chuan Hup Marine Ltd, the shares had just received a drubbing, having fallen in one swift movement from $3.60 to $2.86. I had then advised readers that the counterHOCK LOCK SIEW - 202 words
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Article141 1985-04-20 11 STRAITS TRADING Co Ltd has reported a 28.7 per cent drop in group consolidated profit to $45.5 million (or the year ended Dec SI, 1984, from $83.8 million in spite of a «.4 per cent increase in turnover to $78®.3 million. But it is making a141 words
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245 1985-04-20 11 THE highly diversified Malaysian Hong Leong group has moved more aggressively into the high technology areas with the launching of Hong Leong Honeywell Sdn Bhd. Hong Leong Honeywell, a joint venture between Hong Leong Credit and Honeywell Inc of Minneapolis, US, will hold the245 words
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330 1985-04-20 11 BEN FOODS, a wholly-owned subsidiary of QAF Ltd, has confirmed a recent BT story that it is going into the bakery business through the acquisition of Gardenia. It is paying $8 million cash for a 49 per cent stake in a new bakery. The330 words
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Article43 1985-04-20 11 MALAYA GLASS Factory Bhd's trading profit soared to MJ617.000 in the six months to Jan 31, 1985, from $121,000 previously. Directors are not proposing any interim dividend although they expect the second-half performance to match that of the interim.43 words
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Article524 1985-04-20 11 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI CRIPPLED by the extensive operating losses suffered by its heavy equipment division, United Motor Works (M) Holdings Bhd posted its first-ever loss last year as a public listed company. For the 12 months to Dec 31, 1984, the group registered a524 words
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235 1985-04-20 11 RUMOURS of an oil find off the coast of Sarawak sent punters rushing after Promet shares yesterday. The counter was the volume leader with more than 650,000 shares changing hands. The share price climbed steadily throughout the day, closing 10 cents higher at $1.54.235 words
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415 1985-04-20 11 SHARE PRICES at the Kuala Lumpur stock market yesterday closed steadier for the second time this week but volumes remained thin as investors continued to keep a low profile. Trading was selective and a few situational counters attracted renewed support to score double-digit415 words
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Article2475 1985-04-20 11 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Ajinomoto (2 956 3 1 OS) cd A Choc2,475 words
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Article229 1985-04-20 11 Managers' prices for April 20 22 Singapore Unit Trust The Commerce 2.04 2.17 The Savings Fund 142 1.51 S'pore Prog Fund 0.86 0 91 S'pore Sec Fund 1.28 1 36 S'pore Invest Fund 0.90 0 95 S'pore Equity Fund 0 88 0 93 Asia Unit Trust Mol Invest229 words
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LATEST RESULTS
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Article57 1985-04-20 11 Group pre-tax profits up 9.8 per cent to M 527.4 million for the half-year to Feb 28, 1985, ($24.95 million). Net earnings per share rose two cents to 21 cents. An interim dividend of 12 per cent less tax will be paid on June57 words
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Article50 1985-04-20 11 Group taxable profits dropped 27 per cent to M 521.62 million in 1984 ($29.57 million). Earnings per share dipped from 9.8 cents to 6.8 cents. A final dividend of three cents a share less tax will be paid on July 1 to shareholders registered on May 31.50 words
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Article106 1985-04-20 11 HONGKONG Thursday 1193.7 Week ago 1202 8 Hong Seng Index Friday 1474.21 Thursday 1500 09 NEW YORK Week ago 1492.18 Dow Jones Thursday 1265 13 TOKYO Wednesday 1272.31 Week ago 1263.69 Tokyo Dow Jones Friday ***** 80 Standard Poors Thursday ***** 82 Thursday 180.84 Week ago ***** 01106 words
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Article1069 1985-04-20 11 THE market closed lower after a dull session with the FTSE 100 index at 2.30 pm down 4.9 at 1300.6. Equities opened easier following the lower overnight close on Wall Street and tended to drift further on light profit taking. The half-point base rate cut to 12.5 per1,069 words
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Page 11 Advertisements
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Advertisement53 1985-04-20 11 APPOINTMENT ASSISTANT SOLICITORS Established law firm requires Assistant Solicitors with a minimum of about 3 years' litigation experience. Remuneration will be commensurate with experience. Please write in with curriculum vitae and experience particulars to The Advertiser ST Box N***** 390 Kim Seng Rd Singapore 0923 All information given will be53 words
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Article, Illustration567 1985-04-20 12 JEFFREY TSANG - More hospitals will be built and existing facilities renovated By JEFFREY TSANG AMBITIOUS PLANS to improve Singapore's national health were outlined yesterday by Dr Chew Chin Hin, deputy director, Medical Services (Hospitals). These include the renovation of existing hospitals, the establishment of a children's hospital567 words
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254 1985-04-20 12 UPI PRESIDENT Ferdinand Marcos yesterday called on China to buy more from the Philippines to correct a trade deficit with Beijing. In remarks during lunch for visiting Chinese Foreign Minister Wu Xueqian, broadcast later on state television, Mr Marcos said thatUPI - 254 words
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Article, Illustration99 1985-04-20 12 ANDREA MANTEGNA'a "Adoration of the Magi" (above), an Italian Ranaiesanca masterpiece, became the most expensive painting in the world on Thureday when it was bought lor US$lO.4 million by the J Paul Getty Museum in California at a Christie's auction in London. The painting, described asNYT; AP Photo - 99 words
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Article237 1985-04-20 12 AP DISCOVERY'S astronauts were all ready yesterday to guide the space shuttle home after a bit-ter-sweet 4-million-km journey. The astronauts were headed for a touchdown at 1216 GMT on a runway 4.8 km from the launching pad they left a week ago and where the shuttleAP - 237 words
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260 1985-04-20 12 Reuter BRITISH retail prices rose by 0.9 per cent in March, after February's 0.8 per cent increase, the Employment Department said. The year-on-year rate in March was 6.1 per cent, compared with 5.4 per cent in February. The March retail price indexReuter - 260 words
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Article, Illustration545 1985-04-20 12 SOH TIANG KENG - By SOH TIANG KENG Banking Correspondent EARLY WARNING signs of this year's rise in company crashes were visible two years ago, according to one of of the world's leading authorities on company failures, British accountant Sir Kenneth Cork. He said yesterday that545 words
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338 1985-04-20 12 AFTER FAILING to meet several tentative launching dates, SHIFT, the electronic clearing facility for banks, will become operational next Thursday. But the cut-off hours for SHIFT and cheque clearing, both essential factors in the banks' money market operations, have yet to338 words
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125 1985-04-20 12 Reuter TWO MINISTERS in the Soviet metallurgy industry were taken to task at the latest weekly meeting of the ruling Politburo for inefficiencies in their production sector. The Communist Party daily Pravda reported yesterday that during the meeting on Thursday to discuss economic and industrialReuter - 125 words
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507 1985-04-20 12 MONICA GWEE - By MONICA GWEE PLANS by the Ministry of Defence to mobilise civil resources in emergencies could be hindered by a shortage of active and suitably qualified motor valuers. This was one of the potential problems that was considered yesterday following a Mindef507 words
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301 1985-04-20 12 THE SINGAPORE dollar yesterday maintained its affinity with the greenback which plunged overnight on foreign exchange markets to hit a five-month low. The US dollar plunged to a three-month low of 2.1945 against the Singapore dollar on Tuesday. In spite of the sharp falls301 words
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Article59 1985-04-20 12 WALL STREET stocks eased lower in early trading yesterday, continuing the slide of the previous session. Investors were disturbed by several reports of lower earnings that came out on Thursday. The Dow Jones industrial average was off less than onepoint to 1265 on a turnover of 8.8359 words
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LATE FILE
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Article78 1985-04-20 12 AP THAILAND'S trade deficit decreased 9.7 per cent in January from a year earlier, registering 6.5 billion baht, compared with 7.2 billion in January 1984. A Bank of Thailand official also said that exports in January were valued at 17.1 billion baht free on boardAP - 78 words
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Article66 1985-04-20 12 Reuter THE BANK of China's sacked president, Jin Deqin, still holds a responsible post in the bank. A State Council spokesman said in Beijing yesterday that Mr Jin had not been responsible for major problems but had made some mistakes in carrying out policies. Vice-PremierReuter - 66 words
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Article40 1985-04-20 12 Reuter ABOUT 2,000 students of Yonsei University clashed with riot police in Seoul yesterday during an anti-gov-ernment protest. They demanded that President Chun cancel a visit to the US from April 25 to 28. ReuterReuter - 40 words
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Article39 1985-04-20 12 Reuter FOUR separatist guerillas were shot dead on Thursday during an exchange of fire with security forces in the town of Myliddy, in Sri Lanka's northern province, government officials said in Colombo yesterday. ReuterReuter - 39 words
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63 1985-04-20 12 Reuter A DEPUTY town mayor and two other people were wounded when a grenade was thrown at his house in the central Philippines, the military said yesterday. Deputy Mayor Benjamin Decena and the two others were taken to hospital after the explosion in the townReuter - 63 words
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Article53 1985-04-20 12 AP FIRE ravaged two floors of a 15-storey hotel in north-east China early yesterday, killing five North Koreans and four Chinese and injuring an American. An official said the fire had broken out around midnight at the Tian'e (Swan) hotel in the Heilongjiang capitalAP - 53 words
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63 1985-04-20 12 Reuter JAPANESE scientists yesterday unveiled a computerised machine which can read Japanese books aloud for the blind. A spokesman for the government's Agency of Industrial Science and Technology said the machine could read a 300-page book in 15 hours. In addition, it turnsReuter - 63 words
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Page 12 Advertisements
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Advertisement26 1985-04-20 12 Bulieu CtllANnHm in private security, export/ import, computer software, courier, film production, printing, publishing with reputed company spread throughout India and Nepal. Tel: Capt. Glri, *****91.26 words
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Advertisement9 1985-04-20 12 Managers must manage. BT shows you how every Monday9 words
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Page 12 Miscellaneous
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Miscellaneous53 1985-04-20 12 Outlook for today: Showers in several areas in early morning. Report tor 24 hours prior to 7 30pm on April 19 at th« airport: Maximum temperature 33.5 Associated humidity 60 Minimum temperature 24.9 Associated humidity 95 Hours of sunshine 2.60 Rainfall in millimetres Nil Rainfall this month 79.9 Rainy days53 words
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