The Business Times, 27 April 1985
1985-04-27
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The Business Times
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Title Section12 1985-04-27 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, APRIL Zl, 1185 60 CENTS12 words
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Article, Illustration459 1985-04-27 1 JUNE LIM - Association suggests diversification to tide over recession By JUNE LIM SINGAPORE'S marine industry suffered its third successive year of poor business last year. The persistent shipping recession caused revenues to tumble by 25 per cent to $1.1 billion last year. This turnover was even more dismalSource: S'pore Association of Shipbuilders and Repairers - 459 words
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Article164 1985-04-27 1 Bernama THE MALAYSIAN Chinese Association has filed a fresh application in the High Court registry to set aside an injunction restraining former party vice-president Tan Koon Swan and his supporters from going ahead with the extraordinary general meeting scheduled for May 12. A certificate of urgencyBernama - 164 words
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498 1985-04-27 1 ALVIN TAY - By ALVIN TAY MARKET rate-setter DBS Bank yesterday signalled another round of quarter-point cut in prime lending rates among the Big Four local banks by announcing its move to the 8.25 per cent level on Monday. The cut,498 words
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Article16 1985-04-27 1 PARLIAMENT will sit on Tuesday, May 14, at 11am, the Clerk of Parliament announced yesterday.16 words
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Article41 1985-04-27 1 AFP AN INTERNATIONAL consortium yesterday announced a bid to build Hongkong's second cross-harbour road tunnel at an estimated construction cost of U*****.41 million. The consortium comprises Hongkong, Chinese, Japanese, French, German and Australian interests. AFPAFP - 41 words
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236 1985-04-27 1 Reuter LEADERS of the Soviet-led Warsaw Pact yesterday signed a treaty extending East Europe's 30-year-old military alliance. The official PAP news agency did not state the length of the extension but said it was signed by Soviet Communist Party leader Mikhail Gorbachev and theReuter - 236 words
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Article, Illustration92 1985-04-27 1 BUYING activity improved ■lightly yesterday, but ,aat eaengh to satisfy broker* who —iwi It paltry for a day that marks the beginning of a ■ew settlement period. Stacks eased slightly la thin trading. Plantations stood oat as an exception, registering wide galas thanks to firm palm «11 prices.92 words
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360 1985-04-27 1 PENG AILIAN - By PENG AILIAN THE Ministry of Health has signed its first agreement with an overseas university, formalising its exchange programme under the Health Manpower Development Plan. The agreement with the Royal College of Surgeons, Edinburgh, signed yesterday, provides for a limited360 words
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Article81 1985-04-27 1 Reuter THE JAPANESE government has set individual company quotas for 1965-36 car exports to the US, giving sharp increases to three domestic affiliates of US car makers and smaller rises to Toyota and Nissan, according to industry circles. However, the Ministry of International Trade andReuter - 81 words
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Article, Illustration377 1985-04-27 1 AMY BALAN - By AMY BALAN ONE OF SINGAPORE'S most vocal supporters of its role as a fund management centre, Mr Gerhard Wehr, has left his post at the Chemical Bank. An official from the bank confirmed that Mr Wehr, the former managing director of the377 words
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Article110 1985-04-27 1 AP INDONESIA suffered a budget shortfall of US$l.2 billion in the 1984 fiscal year ending in March. Finance Minister Radius Prawiro told Parliament on Thursday that the budget shortfall was influenced by the world economic situation, "which has not yet fully recovered from recession". His speechAP - 110 words
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Page 1 Advertisements
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Advertisement190 1985-04-27 1 ASIAPRINT'BS asiaprint 4th International Exhibition SJjJP of Printing, Graphic Aits Equipment Supplies. JUNE 20-23 WTC S PORE THE CLUB THAT STANDS IN A CLASS OF ITS OWN 1 3 m /JTA\tai\u ALL STAR POLARIS For woods, the heads are crafted from fine persimmon wood and dual weighted for consistent accuracy.190 words
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Advertisement241 1985-04-27 1 mm SHARE INFORMATION SHIPS IN PORT MONEY EXCHANGES AUSTRALIA tops the list of favourite destinations for Singaporeans outside Asia, but it is unlikely that the exodus of travellers there. Page 2 PRESIDENT REAGAN, beset by o string of policy troubles over aid to Nicaroguan guerillas and his trip to o241 words
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Advertisement12 1985-04-27 1 Full report, Pag* 10 Asian stocks, Pago 9 Intl stocks, Pag* 812 words
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Advertisement186 1985-04-27 1 ASIAPACK '85 ■hi 4th International Exhibition of Packaging Machinery |ifo? 1 Materials And Food Processing Machinery JUNE 20-23 WTC S PORE You don't need to have Special Qualifications to be a Director.... But you have to know your DUTIES and LIABILITIES $9.90 DIRECTORS' DUTIES AND LIABILITIES Catherine Tay, Lecturer, National186 words
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HOME NEWS
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507 1985-04-27 2 JAIME LYE - By JAIME LYE AUSTRALIA tops the list of favourite destinations for Singaporeans outside Asia, but it is unlikely that the weakening of the Australian dollar will start an immediate exodus of travellers to the land Down Under. One of the reasons is507 words
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148 1985-04-27 2 AN EEC-SPONSORED trade mission was in Singapore for a two-day visit. The mission, the second from the EEC in four months, flew in on Wednesday and concentrated on follow-up action based on the previous visit. More than 1,000 business contacts were made during the148 words
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241 1985-04-27 2 THE HOUSING and Development Board yesterday raised the income ceiling from $3,500 to $4,000 for the purchase of its flats in response to rising wages. The change, accompanied by the removal of the $1,500 ceiling on three-room flats, provides HDB applicants with a wider241 words
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351 1985-04-27 2 MORE THAN 80 businessmen at one of the many conferences on China learned about tax and legal aspects of establishing ventures and doing business in China yesterday. During the one-day conference on developing China business at the Shangri-La Hotel, the participants were told351 words
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Article119 1985-04-27 2 AN EXHIBITION on civil defence is being planned for March next year. Civil Defence Asia '86 is intended to increase public awareness of the need to be prepared for emergencies in times of natural disasters or wars and to promote the importance of the civil defence119 words
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Article67 1985-04-27 2 IN YESTERDAY'S BT report on 'DBS acts to wind up Photokis Micro Lab', it was stated that "DBS has declined comment on its legal action against Photokis Micro lab but said that the company owed it nearly $400,000". The paragraph should have read: "DBS has declined comments on67 words
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Article30 1985-04-27 2 THE Public Works Department has installed new traffic signals at the junction of Sembawang Road and Yishun Avenue 3. The signals will be operational on Monday, April 29.30 words
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310 1985-04-27 2 BOEY KIT YIN - By BOEY KIT YIN ABOUT 30 top Chinese officials will be in Singapore in July to offer and discuss specific projects to be developed in some cities and provinces of China. The officials, from five "open" cities and four provinces, will also be shopping310 words
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376 1985-04-27 2 THE TRAINING CENTRE planned by the Singapore Retail Merchants' Association (SRMA) will open in July, its chairman, Mr Lim Hong Chee, said yesterday. Mr Lim was speaking at the opening of the two-day seminar on "Understanding the Japanese Tourists" at Shangri-La Hotel.376 words
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Article925 1985-04-27 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movamant Ship Voy data/tima Operator cargo achadula Location Vlra Bhum 2N 28.4.85 0500 S'pore Shpg F2 0800-0900/1600-1700 Nl Re nee Delmas 2 28.4.85 0700 Borneo F2 0800-1000/1730-1900 U2 B Penaga 109/85 28.4.85 0700 Leo Shpg925 words
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165 1985-04-27 2 SEMBAWANG Construction Pte Ltd has won an $11.8 million contract for the construction of the two-storey Kim Chuan refuse transfer station. The civil engineering wing of the Sembawang group of companies took possession of the site last month and will complete the project by June165 words
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Page 2 Advertisements
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Advertisement107 1985-04-27 2 Business Times Focus *> >/ Vi i >1 i# o O se Asia Telecom '85 Business Times' editorial focus on May 14 will cover the remarkable progress and latest developments in the telecommunications industry, especially in the areas of Integrated Services Digital Network (ISDN) and Mobile Communications. Business Times reaches107 words
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OVERSEAS
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Article, Illustration481 1985-04-27 3 AFP AMERICAN Vice-President George Bush has reaffirmed Washington's "unswerving commitment" to the security of South Korea. At a dinner for visiting South Korean President Chun Doo Hwan in Washington on Thursday, he predicted that by the end of the century, Seoul's "high level ofAFP; Reuter photo - 481 words
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267 1985-04-27 3 Reuter WHOLESALE petrol prices in the US should be two to three cents higher this year than in 1984, which may again stoke up inflation, said oil company economists and industry analysts in New York yesterday. Their predictions cameReuter - 267 words
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Article, Illustration492 1985-04-27 3 NYT SOVIET leader Mikhail Gorbachev's unexpectedly sharp sally at the US earlier this week threw a new chill into what had seemed a warming of SovietAmerican relations. In the first six weeks of his rule, the signs had seemed propitious. His early speechesNYT - 492 words
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WORLD IN BRIEF
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Article50 1985-04-27 3 A HONGKONG official is in Beijing for talks on real estate aspects of the Sino-British pact on the colony's future. A lands department spokesman said yesterday that John Todd, director of lands, would also discuss with Chinese officials other issues relating to land in post-1997 Hongkong.50 words
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Article38 1985-04-27 3 BRITAIN will launch its first astronaut, Royal Air Force test pilot Nigel Wood, on a US space shuttle mission in June next year, which will include placing the British military satellite Skynet 4 in orbit.38 words
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Article61 1985-04-27 3 JAPAN will not make a decision at an industrialised nations' summit in Bonn next week on whether to participate in the proposed US Strategic Defence Initiative. Foreign Minister Shintaro Abe said yesterday that "there is no need to make a hasty decision" even though Washington was seeking61 words
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Article38 1985-04-27 3 WEST GERMAN Chancellor Helmut Kohl yesterday expressed regret that President Reagan was embroiled in political controversy over a planned visit to a German war cemetery next month, but said the trip would go ahead as planned.38 words
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Article73 1985-04-27 3 THE European Space Agency (ESA) was yesterday authorised to undertake a US$6O million study of space stations in accordance with a memoran- dum signed with the National Aeronautic and Space Administration (Nasa) in the US. ESA sources said yesterday that the decision to proceed with the studies, which73 words
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Article75 1985-04-27 3 CHINA may consider joining the Pacific Area Travel Association (Pata) if invited, said an official of a state-run Chinese travel agency in Hongkong yesterday. An official of a state-run Chinese travel agency, who refused to be named, said he saw no reason why China should not75 words
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Article58 1985-04-27 3 JAPAN last year saw a 7 per cent increase in the number of tourists visiting the country. Tokyo said that the number of Japanese going abroad had also risen to 4.66 million in 1984. By country, the US placed first, with 510,000 people visiting Japan, followed by58 words
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Article55 1985-04-27 3 Agencies A FIRST FOLIO of William Shakespeare's plays was auctioned at Sotheby's auction house for U*****,000 on Wednesday, the second highest price ever paid for a collection of Shakespeare's works. The folio, from the library of songwriter Paul Francis Webster, was purchased by John Fleming, a NewAgencies - 55 words
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207 1985-04-27 3 AP AMERICAN farmers, contrary to dire predictions of two months ago, have largely been able to get the loans they need for spring planting. Frank Naylor, US Agriculture Department undersecretary in charge of lending programmes, said about 5 per cent ofAP - 207 words
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180 1985-04-27 3 Reuter THE BRITISH government plans to provide the coal industry with £2 billion in grants to cover losses from 1984/85 through 1986/87, the Energy Department says. The coal industry Bill makes provision for deficit grants totalling a maximum £1.2 billion for the fiscalReuter - 180 words
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224 1985-04-27 3 AP FORMER United Nations secretary-general Kurt Waldheim and 22 former heads of state or government have begun a meeting in Paris aimed at guiding the course of future events into less dangerous waters. The issues to be addressed by the 18-month-old Interaction CouncilAP - 224 words
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489 1985-04-27 3 Plan to cut budget fails to muster enough votes Reuter UPI PRESIDENT REAGAN, beset by a string of policy troubles over aid to Nicaraguan guerillas and his trip to a West German cemetery, suffered another embarrassment on Thursday in Congress over his budget-cuttingReuter; UPI - 489 words
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303 1985-04-27 3 Reuter A GRADUAL decline in the value of the dollar would be acceptable to the Reagan administration, but a precipitious fall would be troublesome, Treasury Secretary James Baker said. "One thing we would not like to see is a precipitous declineReuter - 303 words
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96 1985-04-27 3 Reuter THE US economy should snap back in the second quarter from temporary problems that restrained the first quarter gain in real gross national product to 1.3 per cent, according to Republic Bank Corp senior vice-president and chief economist William Gibson. The fundamental indicatorsReuter - 96 words
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Article749 1985-04-27 3 ARRIVALS Operator Service Local From number time MAS MH671 0935 KUL MAS MH811 0940 PEN CAL CI806 0945 HLP RBA BI421 1000 BWN SIA SQI03 1005 KUL AC AC858 1015 YYZ/LHR/ BOM CPA CX710 1030 HLP GtA GA960 1100 CGK SIA SQ20I 1145 HLP SIA SO 105749 words
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ECONOTES
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Article66 1985-04-27 4 US BUSINESS productivity fell 1.2 per cent over the first quarter of 1985 while costs of production per unit rose 7.3 per cent, the US Labour Department said. Allen Sinai, head economist with the financial firm Shearson Lehman Brothers Inc, said the results were not surprising in the66 words
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Article56 1985-04-27 4 SINO-US TRADE for the first two months of 1985 topped US$l.l billion, a 19 per cent increase over the same period last year. A statement released by the US Embassy said China imported $541.9 million worth of US goods in January and February and sold nearly $628 million56 words
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Article74 1985-04-27 4 STEEL PRODUCTION in the US fell by over 8.3 per cent in March compared with same month last year, according to figures released by the International Iron and Steel Institute, reflecting the slowdown in US economic activity. The drop was even sharper in the first quarter of74 words
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Article48 1985-04-27 4 AN INDONESIAN government official has called on the US to increase its investments in Indonesia. Eddy Sanyoto Sastrowardoyo, deputy chairman of the Investment Coordinating Board (BKPM), told a US economic delegation that the US ranks far behind Japan and Hongkong in investment in the country.48 words
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Article44 1985-04-27 4 Agencies JAPAN'S inflation rate remained at a low level of 1.6 per cent in March over a year earlier, closing fiscal 1984 with a 2.2 per cent gain or within the government inflation target of 2.4 per cent, the government announced. AgenciesAgencies - 44 words
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518 1985-04-27 4 Details to be worked out by Japanese and US experts AP JAPAN and the US have "virtually settled" a trade dispute on pharmaceuticals and medical equipment, with Japan agreeing to accept all US demands to open the medical market, a Japanese Health and WelfareAP - 518 words
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113 1985-04-27 4 Reuter A FIRST Interstate Bancorp economist has said that the bright financial outlook for the Pacific Basin may last for many years. "I foresee continued good economic prospects in the Pacific Basin that are better than those in virtually any other regionReuter - 113 words
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246 1985-04-27 4 AFP THE PHILIPPINE Supreme Court has ordered the office of President Ferdinand Marcos to publish all his decrees and other legal issuances for them to take effect. The court, in a landmark decision passed on Thursday and made available yesterday,AFP - 246 words
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Article116 1985-04-27 4 AP CHINA'S natural growth rate last year was 10.81 per thousand, close to the target for containing its population to 1.2 billion by the end of the century. The figure was revealed on Thursday by Wang Wei, Minister of the State Family Planning Commission, at the startAP - 116 words
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326 1985-04-27 4 AFP THE SEVEN industrialised countries meeting in Bonn next week have failed in preparatory talks to agree on a date for the opening of a new round of Gatt multilateral tariff-cutting negotiations. According to a draft final communiqueAFP - 326 words
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391 1985-04-27 4 Reuter UPI THE REAGAN Administration, which has shied away from comparisons between US involvement in Vietnam and its role in Central America, now says there is a parallel and that the policy was right in both places. While restating the intention toReuter; UPI - 391 words
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172 1985-04-27 4 Reuter NICARAGUA has said Cuban military advisers will leave the country on Thursday as a result of the rejection by the US Congress of President Reagan's request for fresh military aid for US-backed guerillas. A communique said on Wednesday that 107 prisoners serving sentencesReuter - 172 words
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Page 3 Advertisements
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Advertisement27 1985-04-27 3 /W1 Pan Am In Ilvmi; I rum Singapore lo Mont; koni; lokvo, I os Honolulu. San I ranciNi o \<w A oik For Updated Information, Call *****1127 words
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Page 3 Miscellaneous
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Miscellaneous31 1985-04-27 3 Doonesbury <vt w i 1 a NOT AT ALL. TfcA TBH- PER.S6WUSLOOK AT EL H&TftUtnONSHIPZP/ wr? oteoFTHS-toP6ews& y MXKIN6 IN HOLLYWOOD! 41 M€NGAFJHUJASGROkJN6UPIH ItM.HBUXPTO&A-tßeMSgt HMSeif. *OH6ALU6" IS A LCVIN6, pensoHALsmmm/eouTW ammmanpwnofthattimeof31 words
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RAW MATERIALS
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Article141 1985-04-27 4 Chinese Produce Exchange (Sellers' noon dosing prices on Apr 26 SS/100 kg). Coconut oil Bulk FOB 148.00 Old drum FOB 161.00 New drum FOB 165.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gombier FOB NSW 477.50 396.00 248.00 330 00 Copra Mixed (loose) Pepper141 words
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Article278 1985-04-27 4 Singapore C-l Ord unq (SS/kilo, e*-godown) Loonzoin Rice Fragrant new crop 100% 1st grade 100% 2nd grade 1st 2nd U.BO 0.64 100% 3rd grade unq 3rd 0.60 Parboiled Rice New Crop no stock 5% 227 25% 10% 222 10% no stock Maize Thai Broken unq A-super Special Thai Rice278 words
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Article113 1985-04-27 4 THE KLTM price weakened three cents te M 528.45 per kg yesterday, a new seven-year lew. The price was still belew the ITA floor-level price ef $29.15. Dealers attrihated the fall te a higher £125 per tonne KLTM premium ever the LME spet price compared with £1M overnight.113 words
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Article161 1985-04-27 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,550 Blue Phoenix 2Cs 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 yarn161 words
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Article172 1985-04-27 4 SINGAPORE The market closed slightly higher yesterday with May One RSS buyers quoted at 169.75 cents per kg, up 0.25 cent from Thursday. The morning session gained 0.50 cent on some buying support and shortcovering interest in quiet trading. Prices eased marginally in quiet afternoon trading on lack of172 words
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Article364 1985-04-27 4 RAS prices in S cents/kg, FOB in b ales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 169 00 I70.00N 168 50 169 50N Int 1 RSS May 85 170 50 171 00 169 75 170 25 Int 1 RSS June 85 170 75 171.25364 words
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Article161 1985-04-27 4 MALAYSIAN crude palm oil prices closed firm despite late weekend selling which trimmed earlier gains in active trading. Early firmness was attributed to India's purchase of about 22,000 to 27,500 tonnes RBD olein for May shipment on Thursday. In April, south gained Msss to $1,775 per tonne, and161 words
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Article143 1985-04-27 4 SOYBEAN futures on the Chicago Board of Trade erased earlier gains to finish Vt to 4V4 US cents per bushel lower on Thursday. Prices weakened on commission house selling and profit-taking in sympathy with easing soyoil values. Gains in soybeans and soyoil the past two days may have been143 words
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Article126 1985-04-27 4 WHEAT FUTURES on the Chicago Board of Trade closed two to six US cents lower in light trade on Thursday. July lost six cents on active commission house selling that took values through technical support at $3.30. But commercial and exporter buying on the scale down limited the decline.126 words
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Article103 1985-04-27 4 (cants/kg. 1-ton p MAY 85 JUNE 85 (current month) (forward month) NOON NOON RAS Buyers Selltn Buyers Sellers SSR 20 170 00 172 00N 172 00 174 00N SSR 50 168 00 I70 00N ***** I72.00N MRELB Buyers hfcw Buyers Sellers SMR CV ***** 2I8 00N *****103 words
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Article597 1985-04-27 4 COFFEE Robusta futures ended little changed from firmer midday levels on Thursday, £40 to £26 a tonne up from Wednesday, after an extended closing call. Physical markets were quiet. Roasters were mostly withdrawn due to uncertainty over currency fluctuations. Turnover was 2,548 lots including 630 crossed trades and597 words
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105 1985-04-27 4 Reuter MARUZEN OIL Co Ltd will raise petrol and mid-distillates prices from May 1 to bring them back into line with last September's 138,000 yen and 70,000 yen a kilolitre levels. A company spokesman said petrol prices were raised by 6,000 yen a kilolitreReuter - 105 words
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BANKING AND FINANCE
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307 1985-04-27 5 AFP BANK OF CHINA (BOC) is to arrange a HK$6OO-million syndicated loan to finance a major office development in Hongkong. Sources close to the bank said the bank hoped the loan the first undertaking of its type by the BOC outside ChinaAFP - 307 words
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99 1985-04-27 5 AP TAIWAN'S delegation to the annual Asian Development Bank meeting has left for Bangkok to defend its membership in the organisation. The ADB's board of governors are scheduled to discuss an application from mainland China to join the 45-member organisation at the annual meetingAP - 99 words
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396 1985-04-27 5 SOH TIANG KENG - By SOH TIANG KENG Banking Correspondent THE FINDINGS of a high-level committee to reassess the role and function of export credit insurance in Singapore is expected to be announced in the next few months. This committee, headed by Finance and Education Minister Dr Tony396 words
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473 1985-04-27 5 NYT ANOTHER California thrift institution has reported large losses that may threaten its survival. Bell National Corp, parent of a rapidly-growing thrift institution that invested heavily in Silicon Valley real estate in the past three years, said on Thursday that it lostNYT - 473 words
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113 1985-04-27 5 Reuter A SECURITIES dealer in the US has pleaded guilty in a tax fraud that enabled his clients, including comedian Woody Allen and novelist Erica Jong, to avoid paying almost US$5OO million in taxes. None of the clients of Washington businessman Edward Markowitz wouldReuter - 113 words
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MONEY AND EXCHANGES
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Article576 1985-04-27 5 SINGAPORE The US dollar closed higher against most major currencies yesterday in moderate trading. The dollar closed stronger at 3.1550/70 marks compared with New York's 3.1450/80 close, at 2.6340/60 Swiss francs against 2.6220/70 and at 252.70/85 yen against 252.60/70. Sterling closed weaker at US$l.l9BO/90 compared with its New576 words
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Article221 1985-04-27 5 Interbank rates at 3pm yesterday: r.urraAMM Nominal rttN Smittieonien Locol dollars to OlM unit of quoted y* iterdoy ct <ooo parity ch«ng« currency: US dollar 2.2290 2.2310 2.8196 -20 95 Sterling pound 2.6759 2 6805 7 3469 •63.58 Australian dollar 1 4622 1.4679 ***** -57.35 NZ dollar 1221 words
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Article247 1985-04-27 5 Asian market ASIAN dollar deposit rates closed steady at opening levels in quiet trading yesterday. News of a US$3OO million fall in latest US M-l money supply figures had little impact on trading. Interbank deposit rate* uss Offer 7 day 8 7/16 1 month 8 7/16 2 months 8 9/16247 words
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Article, Illustration102 1985-04-27 5 RESULTS of tender held yesterday for: 91-day Treasury bills to be issued on April 29, April 30, May 2 and May 3. Offered: $90,000,000. Applied for: $191,500,000. Alletted: $90,000,000. Accepted bids: $99.27 approximately 32 per cent; higher bids in full. Average rate ef dlseeant m allotment: 2.910 per102 words
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Article335 1985-04-27 5 IN SPITE OF the fall in money supply, EuwMltr futures opened lower at 91.02 yesterday on Simex, as sentiment was bearish with the firm interbank rates. Selling pressure continued after support levels at 91.00 was penetrated in the June contract. June Eurodollar traded to a low of 90.92 before335 words
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Article230 1985-04-27 5 HONGKONG: The metal closed lower yesterday, reflecting the stronger US dollar, and trading was quiet throughout due to lack of interest. Bullion finished at U*****.80/323.30 an ounce against an initial $323.20/70 and New York's $323.70/324.20 close. A $300 million fall in the latest US M-l money supply helped sentiment230 words
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Article129 1985-04-27 5 THE OVERNIGHT rate on the Singapore interbank money market fell by 1/2 point from Thursday to close at 3-3/4 per cent yesterday. The one-month term rate remained unchanged while the two and threemonth term rates fell by 1/16 point each. S$ Interbank rates at 3pm yesterday: Offer M129 words
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Page 5 Advertisements
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Advertisement71 1985-04-27 5 APPOINTMENT INTERNATIONAL TRADING CORPORATION seeks University Graduates for post of TRADING TRAINEE in risk management concept of commodities trading. Exposure to supply/demand economics, ocean freight, logistics and other economic and political factors involved in International Trading. Working with senior traders and managers, Trainee will be immersed in a vigorous on-the-job71 words
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Advertisement372 1985-04-27 5 For today, may we direct your thoughts to our European route network? Canals, Acropolis, Gaudi, Morgestraich, Bobjednik, Grand' Place, Open-Air Museum, sobbing violins, Eau de Cologne, mermaid, Bloomsday, Jan Wellem, Book Fair, Jet d'eau, San Lorenzo, harbour, trade fair, Nurmi, Golden Horn, Bruckner, Tower of Belem, Madame Tussaud, Velazquez, dessert372 words
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TIME-OFF
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Article533 1985-04-27 6 ELIZABETH Barrett Browning (1806-1861) once said: "The Devil's most devilish when respectable." Perhaps the vice-presidents of Proctor and Gamble pondered her words this week when they decided to remove their man in the moon and thirteen stars logo from their products. For years, the US533 words
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Article, Illustration608 1985-04-27 6 JAIME LYE - It takes more than a salary to turn actors in Singapore into professionals, and Theatrework's debut illustrates the point. JAIME LYE, who was at the opening night of the play, Be My Sushi Tonight, pinpoints what she thinks is missing. JAIME LYE IF CROSSING the threshold608 words
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Article, Illustration1288 1985-04-27 6 What's on from April 27 May 3 '-WT CONCERT: Singapore Symphony Orchestra with violinat Li Jia. Victoria Concert Hall. 8.15pm. Tickets $15, $10, $7, $4. Amex and Visa bookings available, call box-office *****20 for details. Programme Mozart's Symphony No 35 in D "Haffner" K385, Bruch's Concerto For Violin And1,288 words
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Article335 1985-04-27 6 A COLLEAGUE took lunch last week with the chief executive of one of Britain's largest public companies, one that also has a large family shareholding and a chairman who is the head of the family and reputedly fairly irascible. The CE has held his post for335 words
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Article, Illustration214 1985-04-27 6 FRANK JAR VIS, a wiry 46-year-old, is aa avid bird watcher, patting dawn his observations ia almost clinical detail. He laves nothing better than te baah bis way throagh bash aad farest ta spend weary hears waiting far his leathered friends ta appear. He is214 words
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Page 6 Miscellaneous
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Miscellaneous735 1985-04-27 6 m\ CRYPTIC PUZZLE ACROSS 9 Stiff, nice, toilfc, wagging m 10 £ith*r sharp or flat? (9) 12 Brdught back cooked, with cheese (4) 13 I had ended badly, certainty (6) 14 Letting the boy fake the animal in is most irregular (7) 15 Do«s teach by force (9) 17 Blue735 words
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SPORTS
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Article, Illustration711 1985-04-27 7 BRIAN MILLER - It was a long haul between drinks but the colt is back in form By BRIAN MILLER IT WAS about four years ago at Bukit Timah on Nov 21, 1981 that Kim Phoenix scored his first career win, whipping a field of Restricted Class horses by711 words
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381 1985-04-27 7 UPI THE LAST three-year-old to win the Blue Grass Stakes as impressively as Chief's Crown did was Spectacular Bid. No wonder trainer Roger Laurin summed up his colt's victory on Thursday in Lexington, Kentucky, as "spectacular". A son of Danzig and grandson of Secretariat,UPI - 381 words
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471 1985-04-27 7 UPI DISCUSS the DH controversy and you'll probably discover that few people are ready to change their opinion on the rule. Those who like it, like it. Those who don't, don't. Maybe the solution that baseball commissioner Peter Ueberroth shouldUPI - 471 words
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385 1985-04-27 7 WALTON MORAIS - By WALTON MORAIS BUOYED BY their victory last week, Changi's medal winners will undoubtedly be hopihg for similar luck today in AGM competition. j The bogey competition, which tees off this afternoon, has attracted 78 entries, and based on current form,385 words
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Article, Illustration211 1985-04-27 7 AP DEFENDING CHAMPIONS Billy Casper and Gay Brewer birdied five consecutive holes to take a one-shot lead on Thursday in Austin, Texas, with an 8-under par 62 in the opening round of the US$5OO,OOO Liberty Mutual Legends of Golf tournament but KathyAP - 211 words
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212 1985-04-27 7 AP KATHRYN CROSBY, four days after announcing she was withdrawing the family name from the Bing Crosby National proam golf tournament, said on Thursday she will work "to save Bing's tournament". The widow of the late show business star said: "I have beenAP - 212 words
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Article79 1985-04-27 7 UPI FOREIGN PLAYERS made outstanding performances in Japan's pro baseball games played on Thursday. Rookie hurler Kuo Tai-Yuan of Taiwan scattered six hits in going 10 innings to lead his Seibu Lions to a 2-0 shutout victory over the Lotte Orions in a Pacific League game in Tokyo.UPI - 79 words
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Article, Illustration208 1985-04-27 7 Reuter BJORN BORG's five-set victory over John McEnroe in the 1900 Wimbledon final has been ranked as the greatest tennis match of the last 20 years by Tennis magazine. The Borg-McEnroe match, which Borg won 1-6, 7-5, 6-3 6-7, 8-6, headed a list of the 20Reuter - 208 words
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Page 7 Miscellaneous
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Miscellaneous958 1985-04-27 7 to sm mm HIGHLIGHTS The World Of Cooking Italy: A Venetian Menu 6.30pm, Channel 5 This 30-minute programme on cooks and cooking around the world gives a superb mix of the culinary history of the country, the eating habits of its people, the country's cooking lore and of course, how958 words
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INTERNATIONAL STOCKS
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348 1985-04-27 8 FT ICI, Britain's biggest chemical group, has reported a 9 per cent rise in first-quar-ter profits to £267 million against £245 million in the same period last year. The slowdown from the overall 67 per cent profit rise last year was partlyFT - 348 words
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170 1985-04-27 8 Reuter BRITISH AIRWAYS (BA) has expanded its fleet of supersonic Concorde airliners to meet the demand for flights on the plane that once seemed destined to become a huge financial flop. A spokesman said the extra plane, which increased the number in theReuter - 170 words
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325 1985-04-27 8 Reuter WALL STREET share prices closed sharply higher on Thursday with a late buying spree that pushed some market indicators to record levels as investors decided the US economy would improve later in the year. The Dow Jones Industrial Average gained 6.29 pointsReuter - 325 words
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Article89 1985-04-27 8 APt 25 c$ Hud Boy Min fcr*> O* 8 54* 18* 36* 34* Inf lit* 22* 22 Ho) K«rr Add 15 20 17* 27* 2* unch Mc BkxM 24* 40 15* BP Con Ltd 35* 23* 32* 31* M mi fin 4An 17* 59* 5* Coring OK««f« 15* 32*89 words
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Article207 1985-04-27 8 APC 25 load Unuc Wootworlh 540 1525 uich unch INDUSTKIALS MININGS A Afeho Ab«rcom 8505 150 7 Angto* Angtvooi 2655 -5 A£ And Q 800 365 unch 35 Btyyoon Buffafc 1500 8700 25 2625 4206 1125 -10 Con* Gold 1310 -15 C G Smith 2400 -25 1130 -10 CNA207 words
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Article662 1985-04-27 8 Aft 25 US$ Alton Aiunwi 25* Alcoa 32* Lud 25 AJbad Cham Cp 45* AJfc«d Stores 56 AJfct-Chalman 6* Am Brandt Inc 67* Am Broodcatt ioe* 1* Am Can Co 53* i*ich Am Cyanarred 53* Am Elac Pwr 21* Am Exprai* 44* Am Horn# Prod 61 Am Motort662 words
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Article807 1985-04-27 8 Amsterdam API 25 Fk ABN 429 SO -I 180 00 +1 Ahotd 226.30 -1.2 Akzo 116 30 +0 9 AM£V 241 00 +27 Amtoi 77 00 +0 2 58 40 +2.4 Boh 9550 -05 Boru«nq 365 00 +3 5 Botkok Bur Tat 37 00 +1 Da* m* 126807 words
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Article73 1985-04-27 8 Reuter HILTON HOTELS CORP has unanimously rejected an offer from Golden Nugget Corp to buy Hilton's Atlantic City hotel and casino. It said on Thursday that negotiations to sell the property to New York businessman Donald Trump were continuing. The Golden Nugget offer consists of US$26OReuter - 73 words
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Page 8 Advertisements
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Advertisement467 1985-04-27 8 %fi/^ m \wm id ilm SB FfWH iHP u* o: CHERRY BLOSSOM BUFFET Lunch (between 12 noon and 2.50 pm): Ssl6.oo++ Dinner (between 6.50 pm and 10.50 pm): $$18.00++ fife) Try our special Sake cocktails Sake Blossom, Martini, Collins or Dragon only Ss7.so++ each. Mmnr I? street CMBAUA Singapore 0105467 words
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Advertisement167 1985-04-27 8 London stocks, MM 11 vm 5 "I llnb. I 7\ L v v» > f Loi#igp 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 you! Happy Hours:167 words
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ASIAN STOCKS
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Article348 1985-04-27 9 HONGKONG: Share prices closed plainly lower yesterday on posi-tion-squaring ahead of the weekend by small investors, while trading was sluggish most of the day due to a lack of fresh incentives. The Hang Seng Index finished off 4.28 points at 1,506.49 after rising 8.10 by the morning session close.348 words
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Article201 1985-04-27 9 AFt 26 AM Sincere Indus Asm Cement MT 2.95 23 20 +0.1 Kuochon Dev Lion Hwo Indus Nan Ya Ptas Pacific Cons Pacific Elect 15.40 1185 26 90 18.20 14 40 -0.4 •0 1 -0.4 -0.3 -0.3 Cathay Coos 24.10 47 60 -0.2 Pooiung Paper 1 43 1660 +0201 words
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Article243 1985-04-27 9 Aft 26 Apnomoto T« -20 Mittub Cham Mrttub Eloc Minub Ettata MiWub Haovy 462 397 622 265 7 unch -7 5 8 10 23 10 20 526 +1 330 -2 AsoN Cham Aiohi Gfcns 883 890 798 M/tvji ShptoWg Mitiu SmeHmg Mitiukothi 176 556 525 1050 4 14 12243 words
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Article109 1985-04-27 9 MANILA: Share prices closed generally unchanged in thin trading yesterday. The Commercial A Industrial Index was up 1.50 at 132.35 but the Mining and Oils indices remained unchanged at 698.05 and 0.622 respectively. API 26 Acoja Mining Paaa* ***** unch Morrtaal Onarrtoi B PMax B 0 0014 -13 9986109 words
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Article478 1985-04-27 9 SYDNEY: Share markets closed firm yesterday in moderate trading with local and overseas support for selected stocks. At the close, the All Ordinaries Index stood at a record 873.8, up 2.4 points from the previous record on April 24. Gains by BHP and the three major trading banks pushed478 words
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Article159 1985-04-27 9 BANGKOK: Stock prices closed higher in quiet trading yesterday. The Book Club Index rose 0.44 point to 129.19 and gains led losses by more than two to one. Turnover stood at 479,088 shares worth 61.2 million baht compared to 628,075 shares worth 69.1 million baht on Thursday. AM 2*159 words
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Article63 1985-04-27 9 AMt 26 Won 597 Hyundai Const Hyundai Motor.. KAL. 901 555 451 unch unch 590 -10 630 625 •10 475 ■4 Korea Sh*> 476 4 493 +7 Lucky Ltd 601 -4 550 710 +3 506 1 Samsung Eke 840 unch GoM Stor 615 -5 1287 +27 631 -4 Stangyong63 words
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Article60 1985-04-27 9 AFP MAZDA MOTOR CORP, Japan's third largest car maker, will form joint ventures with some enterprises in China this year to provide car parts and to train them in related services. Mazda chairman Moriyuki Watanabe said the company was considering a tie-up with a ChineseAFP - 60 words
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229 1985-04-27 9 IHT IBM World Trade Corporation (Hong Kong) has rented about 10 per cent of Exchange Square, the Hong Kong city centre complex developed by Hongkong Land Co. The entry of the unit of International Business Machines Corp of the USIHT - 229 words
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Article92 1985-04-27 9 Reuter EMHART CORP has received contracts worth about US$lO million from China for glass container production lines to be installed in seven Chinese glass plants. Separately, Emhart chairman T Mitchell Ford said the company has begun a $6.7-million expansion of residential hardware production facilities at itsReuter - 92 words
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135 1985-04-27 9 AFP FUJITSU, a major Japanese computer maker, is to set up a joint venture in July to produce computers in Spain with Telefonica, the machinery manufacturing division of Spain's state-run telephone corporation. A Fujitsu official said the joint company would take overAFP - 135 words
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200 1985-04-27 9 Reuter TAIWAN'S state-owned China Airlines (CAL) has signed a new agreement with the Hongkongbased Cathay Pacific Airways (CPA) but officials have hinted that flights to Taiwan might be affected if Beijing acquired a stake in Cathay Pacific. A Cathay Pacific spokesman said theReuter - 200 words
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96 1985-04-27 9 AFP HINO MOTORS Ltd of Japan has licensed India's Ashok Leyland Ltd to manufacture diesel engines for buses and trucks. A Hino spokesman said on Wednesday that under an eightyear contract, Hino will supply 5,000 finished diesel engines next year and thereafter permit Ashok'sAFP - 96 words
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Page 9 Advertisements
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Advertisement152 1985-04-27 9 4 v////y/ vd „JJ* 411 t, FOR FURTHER INFORMATION CALL *****11 NOW Heritage, trie living spirit of Rock n' Blues in Singapore, is back at the lon Bar. With the same high-powered act that makes —=r them one of the mcst exciting stage bands MX around. Catch them 7-nights-a-week at152 words
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Advertisement251 1985-04-27 9 Up the staircase at the Century Parte Sheraton. ;*v 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, an exceptional laser light show, and the sort of clientele who251 words
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Advertisement153 1985-04-27 9 .A V/ (*> PH i D v enmsula Hote ri ui. i L 1 \fr A i: New plush interiors which conjure up an entirely different atmosphere. Plus our warm hospitality and a menu of local and continental favourites that aims to please you... 24 hours a day. Daily Set153 words
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Advertisement131 1985-04-27 9 SECRETARIES WEEK XT THE MANDARIN SINGAPORE All secretaries will be treated to a complimentary cocktail '9 to 5* which comes with a genuine 90 pt garnet oval. It is also available at all restaurants and lounges from Apnl 22 to 27. Price: $15 00 nett. In addition, Lancome fragrances and131 words
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Advertisement65 1985-04-27 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL LOUNGE With Ramon D'Ncw Blackjacks Happy Hours: spm 7pm With Sunny and Stamford B fl For reservations please call 734 6622 fin MfHJIW'I moTm_ J L| 19, Cairnhill Circle, Singapore 0922 J Our Chef's Recommendation Braised SeaCuCO^ Steamed DeepF^^P* Lunch Speciality Dian65 words
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SHARE INFORMATION
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Article, Illustration4197 1985-04-27 10 THE SINGAPORE stock market closed marginally lower yesterday in another day of dispirited, lifeless trading. The BT Composite Index fell 2.08 points to 711.37 and the Straits Times Industrial Index dropped 2.50 points to 7%.65. Volume was very thin at 6.49 million4,197 words
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Article268 1985-04-27 10 SINGAPORE Rises Indices Setongor Dredg 460 P Nhn 50« 135 Sum* mi 680 M Breweries 530 Harmons Msto 378 MotokoH 330 High 4 Low 50« 248 SeT Coconuts 270 K L Kepong 262 Somondo Htogi 255 let Wood 115 A Enterprise! 432 Falls Troook Minos 690 Pon-EI268 words
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Article2647 1985-04-27 10 BID and offer prices officially i 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 word2,647 words
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Article153 1985-04-27 10 CARLSBERG BREWERY MALAYSIA Berhad: Fifteenth AGM at La dang Perusahaan Shah Alam, Selangor on Monday at 11.30 am. SELANGOR PROPERTIES Berkad: Twenty-third AGM at 4th Floor, Wisma Perdana, Jalan Dungun, Damansara Heights, Kuala Lumpur on Tuesday at 11.10 am. SEMBAWANG SHIPYARD Limited: Sixteenth AGM at the Shipyard, Admiralty153 words
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Page 10 Advertisements
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Advertisement12 1985-04-27 10 KL market report and Business done on the KLSE See page 1112 words
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COMPANY NEWS
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Article, Illustration260 1985-04-27 11 M ■i■ i■ i mm wmm All Ivß in' V 1 N Titrww 1.1 II IBM ill ifl I \m W m fIA }m m mm aji mm HI H >■ Wm& 1 I™ iL 1 By HOCK LOCK SIEW AS WITH Chuan Hup MarineBy HOCK LOCK SIEW - 260 words
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Article932 1985-04-27 11 EQUITIES yesterday ended the last day of the account firm but below their best levels with major exporters easing back as sterling rallied. The market shrugged off news of the record £900 million trade deficit in March which was worse than expected. The FTSE 100 Share In-, dex932 words
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Article624 1985-04-27 11 NAJEEB JARHOM - Margins squeezed at Pan Malayan Holdings and Tat Lee Finance By NAJEEB JARHOM TWO COMPANIES of the Goh family's Tat Lee stable, Pan Malayan Holdings Ltd and Tat Lee Finance Ltd, have joined the long list of companies with below-par 1984 performance. It is almost624 words
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434 1985-04-27 11 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI IN A SOMERSAULT DEAL worth Msl4 million, Samanda Holdings Bhd is selling the loss-making Sama Holdings back to one of the original vendors Sakullah Holdings and will emerge an estimated $21 million better off. The disposal agreements cover the entire issued434 words
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Article113 1985-04-27 11 Third B'putro Fourth B'putro Frfth B'putra Sixth B putra Seventh B'putra (A) Seventh B'putra (B) Eighth B'putra <B) Ninth B'putra Tenth B'putro Eleventh B'putro Womor Inves Fund 4 11 455 295 299 1 84 386 363 299 1 58 1 00 249 4 16 460 300 3 04113 words
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LATEST RESULTS
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Article57 1985-04-27 11 Operating profit of M$6.72 million ($6.04 million) on turnover of $81.06 million ($66.88 million) for the year ended Jan 31, 1985. After-tax profit came to $3.94 million ($3.62 million). Directors have recommended a final dividend of four cents less tax on the paid-up capital of 4557 words
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25 1985-04-27 11 Operating loss of M$449,000 ($1.65 million loss) on turnover of $7.13 million ($979,000) for the year ended Dec 31. 1984.25 words
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45 1985-04-27 11 Profit before tax of M$4.69 million ($7.62 million) on turnover of $93.78 million ($94.32 million) for the year ended Dec 31, 1984. Directors said they will be recommending a dividend as soon as the audited results are available.45 words
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53 1985-04-27 11 Profit before tax of M$12.03 million ($10.74 million) on operating revenue of $17.16 million ($14.03 million) for the year ended Jan 31, 1985. The company is paying a final dividend of 12 per cent less tax on the enlarged capital of $25 million53 words
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328 1985-04-27 11 A RADICAL CHANGE in its accounting policies following official directives to finance companies has been blamed by Malaysia Borneo Finance Corporation (M) Bhd for its failure to hit its Ms 33 million pre-tax profit forecast for the financial year ended Sep 30,328 words
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514 1985-04-27 11 THE KUALA LUMPUR stock market drifted through another quiet trading session yesterday. A few selected counters, particularly plantations, caught investors' attention and managed to record moderate gains. But overall, most counters had small losses. After opening at around overnight levels, the market moved within514 words
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Article2371 1985-04-27 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 xd A Choc (2.066 2 07S) (1M) 22,371 words
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576 1985-04-27 12 LIM SOON NEO - Tourist arrival up 6.6 pc in first quarter By LIM SOON NEO THE PICTURE for the tourist industry has brightened considerably during the first quarter of this year, with a total increase of 6.6 per cent in visitors over the same period last year.576 words
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Article, Illustration187 1985-04-27 12 THIS IS A CAR PARK. The man standing in front of it it Australian Michaal Lowing. He hat spent four years and A 5400,000 developing it and he rsckons it is the perfect solution to car parking problems in cities like Singapore where space is restricted and land costs high.187 words
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Article186 1985-04-27 12 FIFTY-THREE workers of Du Pont Electronics turned up for work on Thursday only to be sent home in a luxury coach. A company official who confirmed the retrenchment said the workers were laid off as a last resort. "We regret we have to take186 words
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Article59 1985-04-27 12 Reuter TAIWAN's status in the Asian Development Bank (ADB) will not change in spite of China's intention to join the group. Central bank governor Chang Chi-Cheng yesterday affirmed that Taiwan would not withdraw. Taipei has resolved to stay on as long as it canReuter - 59 words
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182 1985-04-27 12 AP A NEW BILATERAL fishery cooperation agreement between Japan and the Soviet Union will allow Japanese fishermen to catch salmon and sea trout in the north-western Pacific outside the Soviet's 320-km economic waters. Katsuro Kawabuchi, a Japanese Fishery Agency official, said yesterday thatAP - 182 words
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326 1985-04-27 12 Reuter AP CHINESE Foreign Minister Wu Xueqian lost a great opportunity by not staying an extra day in Jakarta to meet President Suharto. Indonesian Foreign Minister Mochtar Kusum'aatmadja said yesterday that Mr Wu left earlier for home after being told his only chanceReuter; AP - 326 words
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Article48 1985-04-27 12 AP A MILD earthquake measuring 4.8 on the Richter Scale shook the West Java capital of Bandung on Thursday night. The quake was recorded by meteorology stations in Jataf-ta and in the West Java town# of Sukabumi and Lembang. There were no reported casualties or damage. APAP - 48 words
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455 1985-04-27 12 LISA LEE - By LISA LEE THE SAGA of the flat-building challenge continues this time with National Development Minister Teh Cheang Wan asking for a written reply from opposition MP Chiam See Tong on whether he would accept his challenge to build the four455 words
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276 1985-04-27 12 AP PALESTINIAN guerillas and Muslim militias seized a string of villages abandoned by retreating Christian forces yesterday, tightening their encirclement of the largest Christian zone in South Lebanon after a month of bloody sectarian fighting. Palestinian guerillas drove Christian fighters out of theirAP - 276 words
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Article68 1985-04-27 12 Reuter WALL STREET stocks edged higher in early trading yesterday, with investor interest rekindled by the strong finish of the previous session. The Dow Jones Industrial Average was up more than one point to 1286 on volume of 9.45 million shares. Advances led declines by a five-fourReuter - 68 words
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397 1985-04-27 12 Bernama PARTI Bersatu Sabah (PBS) president Datuk Joseph Pairin Kitingan left for Kuala Lumpur yesterday with his party's letter of application to join the Barisan Nasional (BN). Datuk Pairin, who is Sabah's Chief Minister, said he would hand the letter personally to ActingBernama - 397 words
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Article215 1985-04-27 12 Bemama MALAYSIA'S economic growth rate is expected to fall to 6 per cent this year from 7.3 per cent in 1984 because of the downturn in the economies of the major industrialised nations. Deputy Minister of Finance Datuk Sabbaruddin Chik said the latestBemama - 215 words
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Article64 1985-04-27 12 Bernama MALAYSIA is considering seeking the support of its Asean partners to draw up a plan of action to combat the drug problem at the international level. Deputy Home Minister Radzi Sheikh Ahmad said yesterday that Asean's support would be sought to ensure acceptance ofBernama - 64 words
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Article177 1985-04-27 12 Reuter THE SRI LANKAN government has urged Parliament to extend a nationwide state of emergency for another month as guerilla violence and clashes between Muslims and Tamils continued. The request yesterday came hours after separatist guerillas on Thursday night attacked a state bank and aReuter - 177 words
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326 1985-04-27 12 FIFTEEN Mass Rapid Transit (MRT) workers were treated for shock after an accident at the Orchard station construction site yesterday morning. The men were working in the compressed air area in the MRT tunnel when three empty work wagons broke loose from the326 words
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124 1985-04-27 12 AP JAPAN and the US held their third round of talks yesterday to discuss ways of increasing foreign access to the Japanese electronics market. Officials of both sides said they were divided on the question of whether any progress was made during the talks. AAP - 124 words
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LATE FILE
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Article35 1985-04-27 12 Reuter HUNDREDS of civilians and police may have died yesterday in a shootout in northeastern Nigeria when security forces tried to arrest the leader of an Islamic fundamentalist sect. ReuterReuter - 35 words
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Article45 1985-04-27 12 Reuter AT LEAST 11 people were killed in a three-hour gunbattle between troops and guerillas in the northern Philippines. A military spokesman said at least seven suspected members of the communist New People's Army and four soldiers were killed. ReuterReuter - 45 words
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Article44 1985-04-27 12 Reuter A STRIKE by Japan Air Lines flight crews entered its third day yesterday, the eve of the busy 'Golden Week* holiday period. Six of the airline's 43 overseas flights and 77 of its 106 domestic services were cancelled yesterday. ReuterReuter - 44 words
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Article44 1985-04-27 12 TROOPS enforced an indefinite curfew on the riot-hit west Indian city of Ahmedabad. At least 50 people have been killed in 10 days of violence triggered by a government policy reserving quotas of jobs and college places for minority groups.44 words
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40 1985-04-27 12 AFP ONE person was reported missing and 13 others hospitalized after a helicopter chartered by Hudbay Oil crashed into the sea off the coast of East Java Thursday. The 13 survivors are all Indonesian nationals. AFPAFP - 40 words
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Article52 1985-04-27 12 Reuter Taiwan's parliament will launch an independent inquiry into allegations that senior officials were involved in a bank scandal. A spokesman said the control Yuan, a watchdog body within parliament, had set up a commission to investigate senior officials with close ties with the CathayReuter - 52 words
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Article50 1985-04-27 12 Britain's visible trade was in deficit last month by a record US$l.O6 billion. The current account, after taking earnings from financial services and tourism into account, was in deficit by $547 million, the second worst overall performance ever after five consecutive months of surpluses.50 words
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Article54 1985-04-27 12 Reuter TAIWAN is to set up a new advisory committee to reform its economy and provide new ideas to keep up its rate of growth. A Cabinet official said Premier Yu KuoHua ordered the formation of the committee "to cope with the changing economic situations atReuter - 54 words
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Page 12 Advertisements
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Advertisement19 1985-04-27 12 Managers must manage. BT shows you how every Monday Training improves your chances. BT shows you how every Wednesday19 words
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Page 12 Miscellaneous
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Miscellaneous60 1985-04-27 12 wmm Outlook for today: Showers over many areas in the pre-down and clearing in the morning. Report for 24 hours prior to 7 .30pm on April 25 at the airport Maximum temperature 3^2 Associated humidity -69 Minimum temperature *54 Associated humidity 93 Hours of sunshine 7 65 Rainfall in millimetres60 words
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