The Business Times, 18 May 1985

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, MAY 18, IMS 60 CENTS
    12 words
  • 291 1 CORI MORENI yesterday received a tribute from the Trade Development Board which, at the same time, asserted that one leading boutique running into a bad patch will not affect its "mission" to promote Singapore's high fashion export. BT reported, yesterday that Cori Moreni, whose
    291 words
  • 378 1  -  More expected to follow suit By SOH TIANG KENG Banking Correapondent THREE MORE BANKS have announced reductions in their prime lending rate and more are expected to follow. The three are DBS Bank (from 8.25 per cent to 8 per cent), Bank of
    378 words
  • 364 1  -  By LUCY HNG A LACK of orders has forced the retrenchment of 59 workers by Heli Orient and FAS-Orient subsidiaries of the UK-based Inchcape Aviation Holdings. Their combined workforce now numbers 400. Heli Orient, which distributes and services aircraft and helicopters, has retrenched
    364 words
  • 344 1 Reuter PRESSURE on members of the Organisation of Petroleum Exporting Countries to cut their output further or risk lower oil prices is growing more intense, according to oil analysts in New York and Europe. Opec's voluntary quota was set at 16 million barrels
    Reuter  -  344 words
  • 479 1  -  By JAIME LYE A MAJOR American video distributor believes it can meet head-on the challenge posed by video pirates with some help from new technology in the form of a video vending machine. CBS-Fox Video, a team-up between Columbia Broadcasting System
    479 words
  • 191 1 AP THERE is no change in Monday's scheduled signing in New York of a new financial aid package for the Philippines in spite of failure by the government to reach agreement with foreign banks on the debts of a domestic fertiliser
    AP  -  191 words
  • Article, Illustration
    80 1 THE SINGAPORE stock market rlssed Uwer yesterday alter SCVCn CMlMlttve SCSSiSBS Sf rises. Prsflt-taking was wide- spread in the msrafng. Brskers described yesterday's profit-taking as healthy aad expected. Ia spite e( It, baak stacks backed the tread aad dased sUghtiy higher. The BT Cempsstte Index fell 1.48 petnU
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  • 531 1  -  By AMY CHEOK A REQUIREMENT that the accounts of all companies in Japan should consolidate the accounts of their subsidiaries is likely to result in considerable switching of business for public accounting firms in Singapore which have Japanese companies as their clients. This
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  • 84 1 AP CHINA IS WILLING to broaden relations with Singapore to their mutual benefit. Vice Premier Han Jiyun told a visiting Singapore Airlines delegation that China would try to expand trade with Singapore from last year's volume of US$l.4 billion. Speaking at a meeting on Thursday,
    AP  -  84 words
  • Page 1 Advertisements
    • 40 1 ASIAPRINT '85 4lh International Exhibition of Prinflng, Graphic Arts Equipment Supplies. JUNE 20-23 WTC STORE I 190 5—1985 80 YEARS OF BANKING EXPERIENCE IN SINGAPORE TO SERVE YOU BETTER IB BANQUE MOOSUEZ 3 Shenton Way. Shenton House Sngaporeolo6. Tel: *****11
      40 words
    • 274 1 A 120-METRE running track on th« fourth floor and 231 now rooms all port of a $70 million facelift will help tho Tai-Fon Ramoda Hotel to toko on tho big boys in Orchard Rood. Page 2 MALAYSIA has proposed to Thailand a 50-50 production shoring basis for tho development of
      274 words
    • 10 1 Full report, Pag* 10 Asian stocks, Pag* InW stocks, Pago
      10 words
    • 217 1 lASIAPACK '85 ■MM 4lh International Exhibition W Packaging Machinery ||kb/ 1 Materials And Food Processing Machinery JUNE 20-23 WTC STORE M ONE-PLIIS-ONi =DISTANCE In practise, graphite inserts do not hit it off with Surtyn Cover balls. Reason: Hard vs Hard does not distance. Not true with HONMA WOOD, which now
      217 words

  • HOME NEWS
    • 452 2  -  •Facelift costs hotel $70 million By LEE HAN SHIH A 120-METRE running track on the fourth floor and 231 new rooms all part of a $70 million facelift will help the "reborn" Tai-Pan Ramada Hotel to take on the big boys in Orchard Road.
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    • 349 2 EXPERIENCES of Europe, America and Japan in water treatment and recycling can help the Asian countries tremendously. The Netherlands, for example, had been developing and improving its water usage technology for more than 60 years. It could show how it solved its water problems which may
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    • 335 2 LARB-OLOF ODLUND has been appointed managing director of Skandinaviska Enskilda Banken (South East Asia) Limited. Prior to this appointment, Mr Odlund was president of FtnansSkandic AB, a whollyowned finance company of Skandinaviska Enskilda Banken, specialising in leasing, factoring, hire purchase and credit cards. Mr Odlund succeeds Mr
      335 words
    • 434 2 SINGAPORE AIRLINES' staff who are in favour of a house union have finally won the support of an important division the cabin crew. The pro-house union faction in the division, led by inflight supervisor MP Kho, won all but one of the
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    • 131 2 SUCCESS, as well as safety, lies in numbers, according to five Australian automotive parts companies which have joined forces to capture a bigger share of the Asean market. The five companies have banded together as an export cooperative which made its debut at the Asian
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    • 72 2 THE VICE-PRESIDENT of West Germany's Parliament, Mr Richard Stucklen, arrives in Singapore today at the invitation of the government. During his three-day stay, he will meet the Foreign Affairs and Community Development Minister, Mr S Dhanaba- Lan, the Acting Speaker Mr Tan Soo Khoon and
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    • 97 2 THE MS Coral Princess, with about 900 Japanese junior and middle managers on board, will arrive in Singapore on Sunday. The cruise is not all pleasure for the managers on the Japan Productivity Centre's yearly productivity cruise as they attend lectures and talks by invited speakers
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    • 188 2 SINGAPORE is an ideal location for technology transfer to other developing countries, said Communications and Information Minister Dr Yeo Ning Hong. Dr Yeo told about 700 delegates attending the 120 th anniversary celebrations of the International Telecommunications Union (ITU) that technology transfer
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    • 125 2 A TWO-DAY seminar on how to export under the Generalised System of Preferences is bring organised Jointly by the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and the Trade Development Board. Entitled "How to Export Your Products Under the GSP". the seminar
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    • 440 2  -  By PENG AILIAN FOR SOME executives, the magic initials that spell quality in production are QCCs. But for one of the veterans of Japan's post-war economic renaissance it is Z-D, which stands for excellence. Octogenarian Dr Koji Kobayashi, who has spent 56
      440 words
    • 165 2 CLOISTERED on Sentosa in a two-day residential seminar, a group of managers would hopefully emerge better equipped to do their bit for Total Quality Control. TQC was the key to meeting the challenge of producing for the international market, said Mr Tomio Koide, chairman of the National
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    • 853 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Qdns FCL Arrival LCL movement Ship Voy dato/tim* Operator cirgo •dfduto Locatk Vro Bhum 5N 19.5.85 0700 S'pore Shpg F2 *****800/1800-1900 N1 As Princess 210 19 5.85 0700 IAPL F2 0930-1100/1800-1900 W2 Nomg Glory 4/85 19.5.85 0700 Worldwide F7
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  • OVERSEAS
    • 303 3 AFP THE 11 RICHEST Western countries are in disagreement after 18 months of intermittent discussions over whether they should take steps to limit the wide fluctuations of the dollar and other main currencies. A French proposal to restrict the free float of the dollar, the Japanese
      AFP  -  303 words
    • 137 3 UPI THE REAGAN Administration has asked a federal court for permission to exempt Japan from trade sanctions imposed against countries that violate international whale fishing quotas. A Justice Department lawyer has said that an agreement giving Japan until 1988 to end commercial whaling
      UPI  -  137 words
    • 303 3 AP AMERICANS have overwhelmingly positive feelings for Japan but at the same time they see it as posing a serious threat to jobs in the US, says a survey released yesterday. People in the US also are not jumping to make Japan or other countries
      AP  -  303 words
    • 731 3 ARRIVALS Operator Service number Local time From PAA SV CAL SIA CV MAS KAL CAL MAS MAS MAS AC CAL RBA SIA CPA GIA SIA SIA THAI SIA MAS GIA SIA MAS SIA GIA THAI SIA GIA THAI SIA SIA SIA KLM CPA MAS MAS SIA UTA
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    • 141 3 UPI SOVIET to»d«r Mikhail OtrtadNv has takaa his disci ptiae to the streets where he called tor a "revalattoa" la the eMMay and a camnm effect to eemhat aleaMeecew's algktly televislea aews pregramme Vremya" aa Thursday was devoted ■Imsst eatirely to Mr
      UPI  -  141 words
    • 127 3 Reuter WEST GERMAN Foreign Minister Hans-Dietrich Genscher said a series of East-West meetings in Vienna brought agreement to send foreign ministers to the 10th anniversary of the Helsinki European Security Agreement in August. He said US Secretary of State George Shultz and
      Reuter  -  127 words
    • 124 3 AFP POPE JOHN PAUL H has launched the idea of a lay apostolate in the banking world and in other sectors in the forefront of new technology. He was speaking to priests, nuns and monks and to lay members of the Roman Catholic church
      AFP  -  124 words
    • WORLD IN BRIEF
      • 58 3 ISRAELI ministers met in emergency session on Thursday to discuss austerity measures following a huge leap in the rate of inflation which apparently took the government by surprise. Politicians and economists predicted that Labour Party Prime Minister Shimon Peres would be forced to devalue the shekel and make
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      • 55 3 THOUSANDS of stone-throwing students clashed with South Korean riot police on Thursday on the eve of the fifth anniversary of the insurrection in the south-western city of Kwangju. About 2,000 students of the state-run Chonnam University defied tear gas and anti-riot 'pepper fog' fumes fired by hundreds of
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      • 69 3 GREECE has refused to refuel a British naval supply ship in what Nato and diplomatic sources described on Thursday as a new move in Greece's strained relations with the Western alliance. "The Greek navy informed Nato that, because Greece is not participating in the Nato Distant Hammer
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      • 57 3 THE United States has denied that a chemical weapons storage dump on a remote Pacific island threatened other nations. In an interview with Radio New Zealand, Colonel George Connor of the Pentagon's office on chemical matters said there was no danger from the weapons stored on Johnston island
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      • 44 3 Agencies AIDAN Walsh, an Irish United Nations official kidnapped in Beirut on Wednesday, had been released unharmed, said Ireland's deputy permanent UN representative, Patrick O'Connor. He said he had just spoken by telephone with the Irish ambasasador in Beirut, Jeremy Craig. Agen-
        Agencies  -  44 words
    • 261 3 UPI FEDERAL Reserve Board chairman Paul Volcker called on Japan to do more to spur its domestic economic growth as a means of reducing its huge trade imbalance with the US. At a news conference on Thursday following his address opening a
      UPI  -  261 words
    • 376 3 AP A DAY after a House of Representatives committee dominated by opposition Democrats approved a Bill holding down American military spending next year, the Republican-led Senate is to begin debate on its version of the Budget. The Senate was scheduled to start a
      AP  -  376 words
    • 116 3 AP A US HOUSE of Representatives subcommittee chairman said he would oppose spending for the World Bank and other international bodies that aid developing countries unless a majority of Republicans were willing to vote for the spending. David Obey, chairman of the subcommittee on
      AP  -  116 words
    • 91 3 THE operating rate for US industry fell one half of a percentage point last month, the steepest drop since last September. The Federal Reserve Board said on Thursday factories, mines and utilities operated at 80.6 per cent of capacity in April as the country's industrial sector
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    • LATE FILE
      • 56 4 ECUADOR, under pressure from other Opec members to stick to its petroleum quota, said it would be economic suicide to cut back on production levels. Fernando Santos Alvite, Ecuador's Vice-Minister for Natural Resources, said the country's adherence to Opec's 183,000 barrels per day production quota would mean a
        56 words
      • 47 4 EAST GERMANY and China have agreed to intensify their economic, scientific and technical exchanges, the official ADN News Agency reported after a meeting in East Berlin, between visiting Chinese Deputy Premier Li Peng and the deputy chairman of East Germany's Council of Ministers, Wolfgang Rauchfuss.
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      • 49 4 SABAH posted an 18 per cent higher trade surplus of U*****.4 million for the first two months of this year on higher exports receipts. Exports rose to $888.3 million from $760.8 million while the import bill totalled $573.9 million, both recording about 16 per cent increases.
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      • 57 4 THE NEW ZEALAND budget for the year ended March 31, 1966, to be delivered on June 13, will show the government's economic policy is on target, Prime Minister David Lange said. The date falls two days before a by-election which analysts see as the first major test of
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      • 64 4 Agencies THE PHILIPPINES' oil consumption in the first three months of this year fell by 16 per cent to 13.3 million barrels from 16.1 million barrels in the same period last year. Press reports said a "serious slump in industrial activity", energy conservation measures and the use
        Agencies  -  64 words
    • 373 4 Mahathir suggests 50-50 production sharing Bernama MALAYSIA has proposed to Thailand a 50-50 production sharing basis for the development of oil and gas resources in their overlapping sea boundary area, even though there are now contractors already being given concessions on the Thai side.
      Bernama  -  373 words
    • 169 4 AP THE SOVIETS have enlarged their Vietnamese military operations so much in the past year that the former US base at Cam Ranh Bay is now the largest Soviet base outside the USSR. The US Administration said yesterday that the Soviet buildup
      AP  -  169 words
    • 240 4 Bernama A STRONG and viable trade and economic relation between Asean and Japan must be based on mutual benefit, Malaysian Trade and Industry Ministry secretary-general Datuk Azizan Zainal Abidin told the Asean-Ja-pan senior economic officials' meeting in Tokyo. Datuk Azizan, also chairman of the Asean
      Bernama  -  240 words
    • 146 4 AFP FOURTEEN opposition members in Taiwan's Provincial Assembly have resigned en bloc, after authorities overruled their proposal to revise laws governing the structure of the provincial government. An assembly source said the 14 men had proposed revising the provincial government organisation law
      AFP  -  146 words
    • 211 4 Reuter CHINA'S economy is still growing too fast in spite of government measures to dampen soaring output. Beijing economists, writing in the communist party newspaper The People's Daily, said yesterday that the value of industrial output rose by 23 per cent
      Reuter  -  211 words
    • 292 4 Reuter NORTH and South Korean negotiators broke up in deadlock over a procedural wrangle yesterday after resuming talks on trade in Panmunjom. The talks have been adjourned until June 20. After a first round of talks last November, Pyongyang twice postponed a second session, first
      Reuter  -  292 words
    • 112 4 UPI FIVE SIKHS have pleaded innocence to charges that they had plotted to assassinate Indian Prime Minister Rajiv Fandhi during his trip to the US next month. The pleas were entered before US Federal Magistrate Ivan Lemelle in New Orleans, moments after he refused to release the
      UPI  -  112 words
  • Page 3 Advertisements
    • 11 3 B*' >.v olif *r: Pan Ant's New Clipper Class DailylbLos Angeles.
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    • 1161 3 GRAND UNITED HOLDINGS BERHAD (Incorporated in Malaysia) ANNOUNCEMENT On 25th March, 1985, the Directors of Grand United Holdings Berhad ("Grand United") announced that Grand United intended to make an offer (the "Offer") to acquire all the issued ordinary shares of Ssl.oo each ("Sigma Shares") in the capital of Sigma Metal
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  • RAW MATERIALS
    • 139 4 Chines* Produce Exchange (Sellers' noon doing price* on May 17. SS/100 kg). Coconut oil Bute FOB 133 00 OW drum FOB 146.00 New drum FOB 150.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gombier FOB NSW 477.50 405.00 256.00, 330.00 Copra Mixed (loose) Pepper
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    • 278 4 Singapore C-l Od unq (S$/kito, ex-godown) Loonzoin Rice Frog rant new crop n ox 100% 1st grod« 100% 2nd grade S? 1ST 2nd WW 0.64 100% 3rd grade unq 3rd 0.60 Parboiled Rice New Crop no stock 5% 227 25% 10% 222 10% no stock Thai Broken Maize unq
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    • 107 4 THE PRICE sf tin m the Kaala Lam par Tla Market was aaehaaged at MS2S.IC per kg yesterday, within the International Tin Agreement lewer range $21.15 ta $SZJL The better steck manager provided meet sappert at this level bet Japanese Interest alse was evident. BappHes rsae slightly ta
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    • 158 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Pho«nix 16'* 2,550 Blue Phoenix 2Cs 2,700 Blue Phoenix 32's 3,150 Btue Phoenix 40's 3,550 Carded yarn, hank 2,900 Blue Phoenix 21'* Combed yarn, cones Blue Phoenix 32's 4,250 Btue Phoenix 4Cs 4,400 Open-end yarn 2,400
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    • 181 4 SINGAPORE The market closed slightly higher yesterday with June One RSS buyers quoted at 170.00 cents per kg, up 0.50 cents from Thursday. The morning session gained 0.50 cents on some weekend covering interest in quiet trading. Prices were little changed from lunch-time levels in quiet afternoon trading. MALAYSIA
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    • 334 4 RAS prices in S cents/kg, FOB in b ales NOON CLOSE Buyen Sellers Buyers Seders Int 1 RSS Prompt 170.50 17I.50N 170 50 171.50N Int 1 RSS June 85 170 00 170 50 170 00 170 50 Int 1 RSS July 85 171.50 172 00 171.50 172.00
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    • 531 4  -  By MICHAEL NEILL NO LEADING consumer has come out publicly against drafting a new International Natural Rubber Agreement but the climate of opinion in the industralised West is fast turning against commodity agreements in general. Already the International Sugar Agreement has passed into the history
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    • 152 4 MALAYSIAN crude palm oil prices weakened further in active late trading yesterday on continued selling pressure, in spite of India's purchases of RBD olein and neutralised palm oil. In May, south and north weakened Msss to $1,235 per tonne and central $55 to $1,255. In June, south and
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    • 103 4 (cvntiAg. 1-ton p lo,, n) JUNE 85 JULY 85 (current month) (forword month) NOON NOON RAS Buyers SdUri Buyers Sellers SSR 20 165.50 167 50N 167.50 169 50N SSR 50 163 50 *****N 165.50 167 50N MRELB Buyers Stlltn Buyers Sclltn SMR CV 211 50 213 50N
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    • 295 4 AFP FARM MINISTERS from the European Economic Community have agreed to postpone the fixing of cereals prices for the 1985-86 season in the face of West Germany's repeated threats to veto reductions sought by its nine EEC partners. Diplomatic sources said the
      AFP  -  295 words
    • 97 4 Reuter OMAN'S crude oil production touched a new record in the first quarter o£ this year, averaging 468,000 barrels aday. Oil industry sources say they now expect Oman, which is not a member of Opec, to be producing close to; 500,000 bpd by the
      Reuter  -  97 words
  • Page 4 Miscellaneous
    • 51 4 YOU WANT CRAZY* CRATY 15*9,609F0R A tmBNCH! CRAZY tSTHE(O% OF U.S. MIUVWPB&ONBRS MHO WORK fVUrJIMB BY GARRY TRUDEAU T MET HER AMStCAL X rmrl nwv kik£jJT CS*JC /1C DUMPSWR-DMN6 REMIND TRADER THbSfWBRJBS VJCS MP BARELY B&fiuua&i i v W I S3 V»iG '/U s& m m Vv mm Z. m
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  • BANKING AND FINANCE
    • 707 5 SINGAPORE The US dollar finished higher against most major currencies yesterday, after fluctuating on short-covering and prof-it-taking in light trading. The dollar closed firmer at 3.1000/20 marks compared with New York's 3.0950/80 close. It closed higher at 2.6040/70 Swiss francs against New York's 2.5950/6000 close and at 251.70/80
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    • 240 5 Asian market ASIAN dollar deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Period rates were unchanged to around 1/16 point firmer at the outset partly helped by news of a US$2.l billion rise in US M-l money supply for the latest reporting week. Rates stayed at
      240 words
    • Article, Illustration
      57 5 RESULTS of tender held yesterday for 91-day Treasury hois to be Issued from May 20 to May 24. Offered: $65,000,000. Applied tar: $137,000,000. Allotted: $65,000,000. Accepted bids: $99.29 approximately 41 per cent; higher bids in full. Average rate ef dlseeut m alletmeat: 2.835 per cent per annum. KNCATB
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    • 111 5 THE OVERNIGHT rate on the Singapore interbank money market rose by V«point from Thursday to close at 4% per cent yesterday. The one, two and threemonth term rates remained unchanged across the board. S$ Interbank rater at 3pm yesterday: Offer M Ovw night 47/8 4 3/4 1 -month
      111 words
    • 201 5 Interbank rotes at 3pm yesterday: Cwwolli "•"•"■I •mWwenien Locol dollort to om unrt of foreign «M0ted r reeo parity US dolor Sterling pound Austrian dolor NZ dolor ConodKjn dolor ***** 2 7836 1.5057 0.9967 1.6155 2.2235 2.7871 1 5066 1 0005 1.6174 2.8196 7 3469 3.4286 ***** *****
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    • 327 5 BA Futures EUBODOLLAB futures opened higher at 91.04 for the more active September contract yesterday in spite of the larger-than-expected money supply. Profit-taking and squaring activities ahead of the weekend saw prices slipping to a low of 90.97 and closed at 91.00 in the September contract during Liffe's opening.
      BA Futures  -  327 words
    • 160 5 HOMQKOMQ: The metal closed lower in quiet trading yesterday, reflecting the strength of the US dollar. Bullion ended at U*****.60/320.10 an ounce compared with New York's $320.30/80 close and the previous $320.00/50 finish here. On the local market, gold ended unchanged at HK52,968 a tahil. Krugerrand rose $5.00 to
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    • 265 5 Reuter LOANS FROM the US central bank are helping to keep Maryland's savings institutions solvent while officials strive (or a permanent end to a banking crisis there, state officials said. The Federal Reserve has lent state institutions US$4l3 million in a bid
      Reuter  -  265 words
    • 511 5 FT PRESSURE on the US Federal Reserve Board to ease monetary policy mounted as signs of a renewed weakness in the US economy emerged and as a major New York banking group decided to cut its prime rate by half a percentage point to
      FT  -  511 words
    • 302 5 Reuter THE CHANCELLOR of the Exchequer expects the real sterling exchange rate to drop further as UK North Sea oil production gradually falls. In testimony before a committee of the House of Lords on Wednesday, Mr Nigel Lawson said this did not
      Reuter  -  302 words
    • 114 5 Reuter THE WORLD BANK has approved three loans to China totalling U*****.6 ramwi and a $30 million credit to finance projects in the country's transport and fertiliser industries. The bank said in a statement that funds for the credit would come from the International
      Reuter  -  114 words
    • 150 5 AP THE ISLAMIC Development Bank has granted US$l.2 million for training programmes for teachers in Thailand's Muslimdominated southern provinces, a leader of Thailand's Islamic community said. Imron Maluleem, secretary of the Central Islamic Committee of Thailand, said on Thursday that the Jeddah-based bank
      AP  -  150 words
    • 342 5 Reuter RECESSION has ended the days of spectacular profits (or banks in the Persian Golf, bringing bad loans and sharply reducing business opportunities, and a more streamlined hanking sector is expected to result. It has led to a series of mergers among locally-owned
      Reuter  -  342 words
  • Page 5 Advertisements
    • 146 5 European Asian Bank invites applications from high calibre personnel for the position of CREDIT OFFICER (tVVO V <1( (IIK i('s) Responsibilities The successful candidates will be responsible for analysing, preparing and presenting credit evaluation reports as well as the overall documentation reviews. Qualifications The ideal candidates should possess a recognised
      146 words
    • 293 5 Republic National Bank oi New Yolk A subsidiary of REPUBLIC NEW YORK CORPORATION Consolidated Statements of Condition (In Thousands) March 31 Assets 1985 Cash and demand accounts 125,803 Interest bearing deposits with banks 5,195,152 Precious metals 65,046 Investment secunties 1.916,656 Trading account assets 43,617 Federal funds sold and securities purchased
      293 words

  • TIME-OFF
    • 533 6 IN THE *****, although the world was ravaged by war, students of pop culture will know that the period was also known as "the big band era". Those old enough to remember danced to the swing music of Glenn Miller and Tommy Dorsey. There
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    • 925 6  -  By JEFFREY TSANG TURBOCHARGING has come of age. The new lot of turbo-charged cars offer a number of advantages power, speed, economy and new technology is fast solving the problems faced by earlier generations of turbo
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    • 1101 6 What's on from May 18 24 HhhH CONCERTS: American guitaristcompoNr, Jemss Wilson. DBS Auditorium, (pm. Tickets $3, $5, $8, $10. James Wilson's works combine classical, jazz, Latin and folk music elements. He was raised in Los Angeles, California, and comes from a musical family; his father is a symphony
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    • 178 6 RABINDRANATH TAGORE, India's moat calobratod poet, compoaor, dramatist, painter, patriot, educator and champion for liberty, la a phenomenon by M nil iv wii« am (k A! ni tfTiDfnfG on psiming moat clooo to tho ond of hla eventful Ufa at the ago of 67 (In IS2S). Hla works
      178 words
    • 256 6 FORM FILLING is a nuisance but it is something most Singaporeans are used to. Members of one American pop group, however, are not. The group, Pegasus, performs this weekend at a charity concert for the blind and for that, they have to supply the Ministry of
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  • Page 6 Miscellaneous
    • 786 6 iiiii a m CRYPTIC PUZZLE ACROSS 9 Soy "Jump!" and in the man goes (9) JO Abaft, about there, a sailor appears (2, 3, 4) 12 "Observance" sounds suitable (4) 13 Not the drinks one longs for? (6) 14 It's a band to prevent movement: that's what I think (7)
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  • SPORTS
    • 659 7  -  By BRIAN MILLER IN A RACE where only three kilograms separate the topweight from the bottom weight, an apprentice with a claiming allowance is sometimes worth his weight in gold. In Race 3 at Bukit Timah this afternoon, 12 horses will come under starter's
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    • 269 7 UPI CHIEF'S CROWN and Eternal Prince will be breaking side-by-side as both try to capture the second jewel of the Triple Crown in Saturday's U*****,700 Preakness Stakes. Chief's Crown, a steady pace horse that is considered the class of
      UPI  -  269 words
    • 556 7  -  By WALTON MOAAIS EUGENE CAMPOS, who last week showed championship form in the qualifying round, begins his defence of the SIOC club championship today, favoured to move into tomorrow's quarter-fi-nal. Campos, who last year swamped Gerald Loong 10 and eight in the 36-hole final,
      556 words
    • 181 7 Reuter YANNICK NOAH of France showed his old form to knock out third seed Anders Jarryd of Sweden in the third round of the Italian Open Men's Tennis Championship on Thursday. Nosh, once rated fifth in the world and now 20th, dispatched Jarryd 6-1 7-5 to
      Reuter  -  181 words
    • 528 7 AP AFTER ADDING the European Cup Winners' Cup to the League Championship, Everton goes (or a unique treble of major soccer trophies today when it faces Manchester United in the English pa Cup final at Wembley, showpiece of the domestic season.
      AP  -  528 words
    • 513 7 .but they could learn from the past Reuter ONLY TWICE this century has the League and Cup double been achieved in English soccer. Tottenham, arguably the most skilful side since the World War n, achieved the double in 1961 and Arsenal, arguably the best organised, managed it 10 years later.
      Reuter  -  513 words
  • Page 7 Miscellaneous
    • 1126 7 TO Rimi) FA Citp 9.55pm, Channel 5 EVERTON and Manchester United meet tonight at Wembley for the most sought-after prize in English soccer, the FA Cup and, with nothing much separating the teams in terms of form and ski, tonight's dash promises to be a thrißer. The match is coming
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  • INTERNATIONAL STOCKS
    • 272 8 Reuter ENTERPRISE OIL PLC is well placed to expand by acquisitions and through increased exploration, but has no plans to make aggressive takeover bids at present, chairman William Bell told the annual meeting. Enterprise has been the subject of much stock market speculation recently that
      Reuter  -  272 words
    • 230 8 AP ALLIED CORP and Signal Companies Inc plan to merge into a huge high technology holding company that would rank among the 20 largest US industrial organisations. Allied's and Signal's boards of directors approved the proposal at the suggestion of
      AP  -  230 words
    • 190 8 Reuter PROCTOR and Gamble has filed lawsuits against four people, accusing them of spreading "satanism" rumours which last month forced the giant group to begin phasing out its traditional trademark. The libel lawsuits on Thursday bring to nine the number of people accused of
      Reuter  -  190 words
    • 252 8 AP EXXON CORP's directors have named Lawrence Rawl as the company's president, succeeding Howard Kauffmann who retired after 39 years with the oil giant Exxon, the world's largest oil company, also said it had bought back 4.9 million shares of its stock
      AP  -  252 words
    • 312 8 Reuter THE MARKET scored a modest gain on Thursday with analysts predicting a slow, steady uptrend as investors expected lower interest rates and a weaker US dollar. The Dow Jones Industrial Average gained 4.53 points to close at 1,278.05. The volume on the New York
      Reuter  -  312 words
    • 80 8 UPI UNITED AIRLINES said yesterday that it would continue to service at least 50 cities during its pilot strike, reassess the situation in 72 hours and perhaps add more cities to the list The list included 48 American destinations plus Tokyo and Toronto. However, United said
      UPI  -  80 words
    • 119 8 MAT M •r* lira ™^9900 3 550 M>an Mom Mom o Ah Ord Mai Ord iodori ***** 4720 236* 1650 1620 •ao -2 10 Cewele Ord 3346 m OIMM CM 6570 •50 Cond Aequo Kom fildiaii o ,„flOO ***** •14 undi PM And C 4180 +50 Rot Ord 3236
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    • 167 8 MAT M CI knp Oi 52* 1* AbMbi Igtt toco 19* AJCOT 34% tor h** ftp* 3t AJaomo 21% tot Ufe 21* 20* Km AM Lobtow 14* IS* toi Mont r J iw* iwm xorai M Conodo y Can Lid 27 12* 42* 34* MTSMMTLzi Motion A Moor* Cp
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    • 384 8 34« Cm Corp Oar ft Kr«t N« IK OlgM Equip Dfcwi Daw Chanted Du Pont 0 Cilwn AM a Ur 7M tt Exxon Cp fraalana TV* Ruor Cp F»*C cr Ford Motor ruMiin MM Frawouf Cp GAF Cp Gan Cotp Gan Dynomick Gan BacMc Gan Foo4 Cp Gat
      384 words
  • Page 8 Advertisements
    • 407 8 d 0 a> jw Time: 12 noon 2.30 pm Prtoe: $12.00" Fashion Show: 1.15 pm Mod* by: Cttheeby-. 181, Kitchener Ro«d,Sngepore 0820 Tel: *****22 /"i Entertain your triends in Royal Style at EMPEROR'S ROOM a co"Oma»«on o» both East and West atmosphere is 'ejected m this i/vaue res»oufont where our
      407 words
    • 111 8 r m I 1 1 Lounge 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 11 Soul from the Philippines. They'll captivate you! 25% aN tfftak*. cj*own •FRINGE HDTCL 270 Orchard Road Singapore 0923 Tetea:
      111 words

  • ASIAN STOCKS
    • 320 9 HONGKONG: The Hang Seng Index rose yesterday to a new 3Viyear high of 1,647.88 in active trading although share prices closed mixed on selective profit-taking. The 12.00 point rise in the index put it at its highest level since it hit 1,672.84 on Aug 28, 1981. Turnover was HK5462.15
      320 words
    • 198 9 MAY 17 AI Sincara Mm MT$ 2.41 -0.12 Kuochan Dav Lian Hwa Indut Nan Y a Plat 15.50 .11.95 27.10 18.00 +0.4 -0.1 -0.2 +0.1 Alio Camant 23 20 24 SO -0.1 Pacific Bact Wira 14.20 0.55 Chang Hwa Bank 48 60 2020 21.80 1520 +0.4 mch 0.4 0.4
      198 words
    • 346 9 TOKYO: Share prices finished sharply higher yesterday with bio-technology-related issues leading the rally in very active trading. The market average rose 50.69 to 12,419.99 after an 11.27 gain on Thursday and a 146.17 fall on Wednesday. Turnover was 570 million shares against 340 million on Thursday. The Stock Exchange
      346 words
    • 121 9 MANILA: Share prices closed mixed in continued dull trading yesterday. The Commercial k Industrial Index fell 0.38 to 128.58, the Mining Index rose 4.79 to 669.47 and the Oils Index was unchanged at 0.673. Lepanto rose to 0.043 from 0.042 pesos, PLOT to 37.50 from 37 and San Miguel
      121 words
    • 367 9 SYDNEY: Share markets closed easier yesterday with some profittaking after Thursday's record highs and a lack of offshore interest. The All Ordinaries Index closed two points down at 900.7, Industrials 0.9 down at 1256.9, Resources 2.7 off at 621.5 and Gold 4.7 down at 985.4. Rises outnumbered falls by
      367 words
    • 143 9 BANGKOK: Stock prices closed mixed in quiet trading yesterday. The Book Club Index rose 1.54 points to 142.02 as losers led gainers by more than three-to-two. Turnover rose to 445,276 shares worth 107.4 million from Thursday's 434,132 shares worth 86.9 million baht. MAY 17 Aokham Thai MMl 123 Storn
      143 words
    • 82 9 MAY 17 Won unch unch +4 •3 -10 -5 Hyundai Const Itywdoi Motor KAL 901 565 435 unch -8 -4 580 Korea Fr»t 670 LTKh BL W CKJI D* 639 457 Yukona Koroo Ship 1449 410 -II -30 Lucky Ltd 590 inch 555 Samtmg Co 711 -4 480 Sarrwung
      82 words
    • 68 9 Reuter HONGKONG Telephone Co plans a one-for-10 share split to increase the marketability of its shares to small investors, a company spokesman said, without elaborating. The company's share closed HK$l.OO higher at $91 on the Hongkong Stock Exchange on Thursday. Hongkong Telephone earlier reported a net
      Reuter  -  68 words
    • 440 9 AFP A CONSORTIUM which took over a company in the troubled Taipeibased Cathay business empire has assigned auditors to another part of the Cathay group to protect its own interests. A business source in Taipei said yesterday that the consortium of government
      AFP  -  440 words
    • 132 9 Reuter MAZDA Motor Corp expects record profits and sales in the year ending Oct 31, 1965, marking 10 successive years of record results, a company spokesman said. Exact figures are unavailable. But current profits and sales in 1964/85 will exceed the earlier estimates of 57 billion
      Reuter  -  132 words
    • 94 9 Reuter INDUSTRIAL Equity (Pacific) is to issue 19 million new shares by tender at a price to be decided by the level of bids in consultation with issue manager Jardine Fleming (Securities). Bidders are required to pay HKH.OO per share for multiples of 1,000 shares,
      Reuter  -  94 words
    • 167 9 Reuter GREAT EAGLE CO plans to issue 260 million preferred ordinary shares with warrants attached to raise HK$2O3 million after expenses, underwriter Citicorp International said. The preferred shares of 50 cents each will be issued on the basis of three for every five
      Reuter  -  167 words
  • Page 9 Advertisements
    • 543 9 n FOR FURTHER INFORMATION CALL M 0 Vi 7* m x: 4. i MHf ir.v Pmwnount Hotef~~\ Where the h»ppy people go rv wt rCijPl T i V- v. r r 0 x f r /i B? May 20 31 Lunch: $14" Dinner: $16 SPECIAL FEATURE Friday Vogue Fashions May
      543 words
    • 51 9 Listen to Great New Sounds at CAIRXHILL COCKTAIL M)r\(,i; With Ramon D New Blackjacks Happy Hours: spm 7pm With Sunny and Stamford K For reservations please call 734 6622 MimmmitM. noTmt, Singapore 19, Cairnhill Circle, Singapore 0922 Our Chef 's L Recommendation: 50 $380 n m Tt 4 a 5
      51 words

  • SHARE INFORMATION
    • 4187 10 PROFIT-TAKERS dominated the market yesterday morning but buyers returned in the afternoon and the market regained some of the lost ground. As a result the market closed mixed. The BT Composite Index fell 1.48 points to 736.94 and the Straits Times Industrial Index dropped
      4,187 words
    • 231 10 SINGAPORE Rises Indices 0 c c N?r Gmv Ka Ran Elact tali Mi Ayar Httaa D BS 1 C B 950 386 720 at 50« 175 312 Vk 175 Tia 730 635 m 550 545 Falls 15 12 10 9 ♦8 7 5 5 5 5 IT
      231 words
    • 2916 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday vltb the number of shares traded shown In brackets in lots of 1,000 unit» unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      2,916 words

  • COMPANY NEWS
    • 254 11 CHART PfilINT: mP 1S1I& sßfrmauiiar 1™ i™ Jgi[ HOCK LOCK SIEW A DISTINCT feature of this week's trading was the return of a few highly speculative Malaysian counters long neglected by punters. One of these, MBf Holdings Bhd, took off from its low of $1.80 on the
      HOCK LOCK SIEW  -  254 words
    • 501 11 ,THE KUALA LUMPUR stock market closed on a slightly easier note yesterday as it succumbed to profit-taking. Trading was less active as some investors took to the sidelines to await further developments. As a result, turnover fell to 6.36 million units valued at M 513.5
      501 words
    • 1780 11 BID and offer prices officially listed and business In and re-' ported to the Kuala Lumpur' Stock Exchange yesterday, with tbe number of shares traded shown In brackets In lots of 1,000 ■units unless otherwise specified. MMJSTRMLS A Choc (2.155X4) 2.15 AMD (3.066X1) 3.08 (1)
      1,780 words
    • 108 11 INTRACO LIMITED: Sixteenth AGM at 456 Alexandra Road #14-00, NOL Building, Singapore 0611 today at noon. DUNLOP ESTATES BBD: Eighteenth AGM at 6th Floor, ENE Plaza, 128 Jalan Pudu, Kuala Lumpur on Monday, May 20 at 3pm. FAB EAST LEVING8TON SHIPBUILDING LTD: Nineteenth AGM at No. 31 Shipyard
      108 words
    • 297 11  -  By NAJEEB JARHOM THE PACE of business expansion at Ambassador Hotel Ltd is gaining momentum. In less than two months, the company has entered into its third venture. This time it is laying the groundwork for a thrust into China through a joint-venture
      297 words
    • 502 11  -  By CHAN OI CHEE PLANTATION company Temerloh Rubber Estates Bhd has confirmed BT's report yesterday that it is acquiring substantial stakes in listed Development it Commercial Bank and On-Tai Developments Sdn Bhd. The vendor is none other than bumiputra entrepreneur Datuk Syed Kechik who will eventually become
      502 words
    • 250 11 KIO snaps up another 500,000 C C shares ANOTHER half a million Cycle A Carriage Ltd shares have been snapped up by the übiquitous Kuwait Investment Office, which has now earned the honour of being the largest known single shareholder with a 15.13 per cent stake in the motor company.
      250 words
    • 55 11 THE JOINT-VENTURE company between Far East-Levingston Shipbuilding Ltd and SMTT International South-east Asia Pte Ltd called Asianlift, which is to be formed in July, will market the services of the respective companies' cranes, Asian Hercules and SMIT Cyclone. The cranes are not meant to be sold
      55 words
    • 412 11 Bernama EMTEX Corporation Bhd directors who met yesterday to discuss the general offer for all of the company's shares by MBf Holdings Bhd described the value placed on the shares as inadequate. They said the company's assets would increase after the current revaluation, and
      Bernama  -  412 words
    • 205 11 Monog«rs' prices for Moy 18 20 Singapore Unit Trust The Commerce 1.96 *2.08 The Savings Fund 1.45 1.54 S'pore Prog Fvod 0.86 0.91 S'pore Sec Fund 1.27 1.35 S'pore fewest FltkJ 092 0.97 S'por* Equity Fund 0.87 0.92 Third B'putro 4.16 4.21 Fourth B'putro 4.36 4.41 Fifth B'putro
      205 words
    • 55 11 A SUBSTANTIAL shareholder of H«tet Negara Ltd, Mdm Chang Jih Hao, has bought 99,000 shares in the company at a unit price of $6.30, raising her beneficial interests to 7.99 per cent from 6.67 per cent. MR HO TIAN CHAO resigned as a director of Tew* awl City
      55 words
    • 94 11 HONGKONG Hong Seng Index Friday 1647.88 Thursday 1635.88 Week ago 1613.36 TOKYO Tokyo Dow Jones Friday *****.99 Thursday *****.30 Week ago *****.31 TSE Index Friday 974.85 Thursday 968.08 Week ago 979.49 SYDNEY Australian Minings Friday 579.2 Thursday 582.0 Week ogo 564.2 Australian Industrials Friday 1257.0 Thursday 1257.8 Week
      94 words
    • 437 11 iMnuvmAi t Land Sacs 300 Traai 13*% i«tch Off or 784 Mm itH. 8 26* 29 18* 94 B 3/16 46* 33* 35 Moy 17 A>ad4.yom Pane* 191 IS6 371 •61 Legal Gan LJoyd* Bank Lucat. Marks 696 584 297 139 -10 -8 +9 1 1997 115V. lid
      437 words
  • Page 11 Advertisements
    • 95 11 9&SIMBL Uv An association of OCBC and Schroders (1) Manager (2) Assistant Manager BANKING CAPITAL MARKETS Reporting to the Head of the Banking Capital Markets Division, the successful candidates will form part of a team of professionals responsible for the full spectrum of wholesale banking products, with specific responsibility for
      95 words

  • 432 12  -  Increasing number of graduates 'a real problem' By LISA LEE THE LACK of opportunities for new graduates in civil engineering and building is causing concern in academic and industry circles. This has reduced demand for fresh graduates and led to cuts in existing technical
    432 words
  • 576 12  -  By LEE HAN SHIH THE LATEST ATTEMPT to sell more HUDC flats once again underlined their unpopularity and suggested that the HUDC class of public housing is likely to be abolished in the next few years. The attempt extending the
    576 words
  • 144 12 Reuter INDIA is expected to announce a new long-term fiscal policy next September which will provide an improved investment climate. Finance Minister VP Singh told a parliamentary committee in New Delhi yesterday that the policy would provide overall coordination between fiscal, foreign trade,
    Reuter  -  144 words
  • 57 12 Reuter THE INDIRA Gandhi murder trial was adjourned until Monday when two defence lawyers withdrew from the hearing. The lawyers gave no reason for dropping their defence of one of the three accused, Balbir Singh, who is charged with conspiracy to murder. The adjournment was to
    Reuter  -  57 words
  • 278 12 Reuter JAPAN'S Parliament has passed a law designed to put more women in senior jobs but opponents said men would remain dominant because the measure lacked bite. Under the hotly contested law, passed yesterday, Japanese newspapers can no longer advertise managerial jobs for men only.
    Reuter  -  278 words
  • 266 12 Reuter ABOUT 3,000 STUDENTS battled riot police after anti-govern-ment demonstrations in South Korea yesterday marking the fifth anniversary of a civil uprising in the city of Kwangju, witnesses said. For the second straight day, students at the state-run Chonnam University hurled stones
    Reuter  -  266 words
  • 70 12 Reuter TAIWANESE Premier Yu KuoHua has appointed a new commission to investigate Taiwan's biggest bank scandal involving the Cathay industrial group, officials said. The new commission of 10 senior officials headed by ViceFinance Minister Li Hung-Ao will take over the investigation from the existing one. Mr Yu
    Reuter  -  70 words
  • 391 12 Reuter AFP A SRI LANKAN soldier shot dead six Tamil civilians and wounded 16 others yesterday in Anuradhapura, the sacred Buddhist city where guerillas have massacred 145 people so far. A government official said the corporal went berserk at the
    Reuter; AFP  -  391 words
  • 323 12  -  By RAY HEATH THE DEVELOPMENT of Singapore's Teleview project could result in a virtuous circle of mutual development between the Republic and the UK, predicted the chairman of British Telecom yesterday. Although the lead partner with Singapore's Telecoms in the development of the
    323 words
  • 72 12 Reuter THE New York stock market turned mixed in early trading yesterday, pausing to digest gains made earlier in the week. The Dow Jones Industrial Average was off more than one point to 1277. Advances led declines by a narrow margin on volume of 9.92 million shares.
    Reuter  -  72 words
  • LATE FILE
    • 53 12 AP US Commerce Secretary Malcolm Baldrige yesterday said he expects to sign a major accord on high technology transfer to India and expressed concern about safeguards to prevent Soviet industrial espionage. The agreement will enable India to receive more sophisticated equipment with faster approval
      AP  -  53 words
    • 35 12 AFP THE United States Senate has unanimously confirmed former lieutenant-general Vernon Walters as US ambassador to the United Nations, replacing Ms Jeane Kirkpatrick, who resigned earlier this year. AFP
      AFP  -  35 words
    • 45 12 AP THE IRA's political ally, Sinn Fein, captured more than 40 of 566 seats on town councils in Northern Ireland, giving it a new role in local politics in the troubled province, according to incomplete election returns yesterday. AP
      AP  -  45 words
    • 51 12 Reuter CROWDS yesterday set fire to shops in Ahmedabad, India, where 122 people have died in clashes in the last six weeks. The Press Trust of India said troops on Thursday opened fire and injured two youths who attacked them with stones. A third youth escaped.
      Reuter  -  51 words
    • 39 12 Reuter INDIAN POLICE found and defused six more boobytrapped transistor radio bombs in the Indian capital yesterday, nearly a week after a Sikh extremist bomb offensive killed 86 people, the Press Trust of India said.
      Reuter  -  39 words
    • 41 12 Reuter THAI GOVERNMENT forces have pushed back Vietnamese troops from parts of territory they seized in southeast Thailand. Marine Commander Vice-Admiral Prasert Noikhamsiri yesterday said he expected the Thai troops to retake the whole area soon. Reuter
      Reuter  -  41 words
    • 37 12 Reuter VIETNAMESE border troops have fired more than 1,000 shells into China's southern Yunnan province over the past few days, Wiling three civilians and destroying crops, the Xinhua News Agency said yesterday. Reuter
      Reuter  -  37 words
  • Page 12 Advertisements
    • 8 12 Auditors watch Haing Lai's capital flow, Paga 9
      8 words
    • 257 12 Can you read magazines and 500 books and still find time to manage? To get at the best in management reading and keep up your professional self-development, you'd have to plough through some 2,000 magazines and 500 books published throughout the world each year. Any manager who seriously tries to
      257 words
  • Page 12 Miscellaneous
    • 52 12 Outlook for today: Showers over several oreos in Hie afternoon. Report for 24 hours prior to 7.30pm on May 17 at the airport: Maximum temperature 33.0 Associated humidity 60 Minimum temperature 25.3 Associated humidity 96 Hours of sunshine 8.15 Rainfall in millimetres nil Rainfall this month 15.7 Rainy days this
      52 words