The Business Times, 21 September 1985
1985-09-21
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The Business Times
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Title Section12 1985-09-21 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, SEPTEMBER 21, 1985 60 CENTS12 words
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437 1985-09-21 1 FOO CHOY PENG - By FOO CHOY PENG Chi«f Reporter A NEW APPROACH to collective wage bargaining will be the subject of an important meeting planned by the National Trades Union Congress for its affiliates next week. BT understands that the meeting has been tentatively437 words
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Article, Illustration760 1985-09-21 1 MANO SABNANI - Singapore businessmen can now deal directly with the provinces By MANO SABNANI THE DOOR TO CHINA has been flung open to Singaporean entrepreneurs. Singapore businessmen keen on trading with, or investing in China will soon have the option of approaching the governments of the various760 words
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360 1985-09-21 1 COMPANIES in Singapore, including those with business in China, have welcomed the news that an investment guarantee agreement is being worked out between the two countries and the assurance by Premier Zhao Ziyang that the open-door policy will not be reversed. Meanwhile, oil refineries are360 words
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Article, Illustration95 1985-09-21 1 ONCE AGAIN, share prices moved ap la active trading as the Singapore stock market yesterday to complete a fall week d rises At the close, the Straits Times ladastrlal Index was 4.85 points higher at 782.fl while the BT Composite Index was 8.41 points better at 9FIM. Fallowing95 words
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495 1985-09-21 1 MALAYSIAN FINANCE Minister Daim Zainuddin is transferring his strategic 29.26 per cent stake in retail group Cold Storage (M) Bhd to his friend, Senator Alexander Lee Yu Lung, at the mysteriously low price of Ms 2 million cash. At yesterday's closing495 words
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Article182 1985-09-21 1 THE COVER PRICE charged for Business Times will go up from Monday, September 23, by 15 cents to 75 cents. However, if you buy an annual direct subscription, you get a 20 per cent discount, bringing the effective price back to 60 cents a copy. This182 words
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Article48 1985-09-21 1 Reuter JAPAN yesterday reported strong economic growth in the April-June quarter due largely to rising exports. The gross national product grew in the second quarter at a rate of 1.9 per cent adjusted for inflation, well above the first-quarter growth rate of 0.2 per cent. ReuterReuter - 48 words
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Article122 1985-09-21 1 Reuter THE US gross national product (GNP) is rising at a seasonally adjusted 2.8 per cent in the third quarter of this year, after removing the impact of inflation, according to the Commerce Department. The increase, reported in the department's flash estimate for the thirdReuter - 122 words
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Page 1 Advertisements
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Advertisement116 1985-09-21 1 International Conference on OIL TRADING ACTIVITIES and OPPORTUNITIES In Asia Pacific Basin 16-18 Sept Hyatt Regency S pore Supported by: S pore Economic Development Board S pore Trade Devetopment Board Organised by ©INTERFAMA EXHIBITIONS PTE LTD Partway BoltOeo Centw '1003/06 1 Memo* Pofaoo Canhot. Sngapore 1544 T« *****00 Tata* (?S116 words
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Advertisement267 1985-09-21 1 mm SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW IT IS NOT ONLY British Airways that is frowning over the success of SIA and Qantas in arranging flights to Manchester in the UK. The new services have led to another battle267 words
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Advertisement85 1985-09-21 1 Local buiinMMt poisad to btmfit from trada with China, Back Paga **+(!"!>+<~}~@|`$~,]}<^<=`_$}
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HOME NEWS
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Article, Illustration415 1985-09-21 2 LIM SOON NEO - By LIM SOON NEO CHANGI AIRPORT'S duty-free shop had the second highest turnover in the world last year, chalking up US$BO million worth of sales. London's Heathrow Airport topped the list with total sales of U5593.3 million, according to the results of a survey conducted415 words
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Article809 1985-09-21 2 AT CONVENTIONAL WHARVES VmnI Berth Arrival Departure KEPPEL WHARVES Builder III K23 alongside 21.9/0300 Bungo Selasih K30 alongside 21.9/0100 Fengjin K33 alongside 21.9/2300 Jalamokambi K28 alongside 21.9/0600 Kota Jade Kll alongside 21.9/0600 Lampung K11A alongside 21.9/0600 Maringa K16 alongside 21.9/1700 Ned Bangkok KI2 alongside 21.9/1200 Agnes Venture809 words
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241 1985-09-21 2 SEIKO and the Economic Development Board have finalised plans to set up a robotics training centre. More than $1 million has been committed by Seiko for the Seiko-EDB Robotics Laboratory. The centre is to be located on the premises of the German241 words
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190 1985-09-21 2 SINGAPORE trails behind Hongkong in terms of the number of small computers used but the spread among companies is wider in the Republic. Some 10.8 per cent of Singapore companies own at least one small computer compared with 9.3 per cent in Hongkong.190 words
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Article, Illustration387 1985-09-21 2 MONICA GWEE - By MONICA GWEE THE FIRST Asian edition of USA Today will run hot off Singapore presses via satellite on Oct 8. The popular newspaper will reach Singapore readers 36 hours earlier than airfreighted copies. Donnelly-Times Satellite Services (DTSS) and Singapore387 words
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Article231 1985-09-21 2 THE HOUSING and Development Board has spent $1.7 million to mechanise part of its refuse collection operations. A payback is expected in three years. It has purchased 100 elec-tric-powered carts and 112 refuse bin dumpers to collect rubbish. This will reduce manpower needs by a third. Manual231 words
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Article176 1985-09-21 2 THE LATEST PALM OIL technology will be the subject of a conference to be held on Dec 6 at the World Trade Centre in conjunction with the ChemAsia 85 exhibition. Professor Augustine Ong, the director of the Palm Oil Institute of Malaysia, will talk on176 words
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342 1985-09-21 2 A CANADIAN minister has a rather unusual solution to Singapore's problem of over-sup-ply of hotel rooms. She has suggested that leaflets be sent to every bar in the world, offering a free Singapore Sling to all who care to come to the Republic342 words
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Article203 1985-09-21 2 THE SINGAPORE Convention Bureau (SCB), in conjunction with Scandinavian Airlines System (SAS), will be launching an incentive sales blitz in Scandinavia next week. This will be the second successive year that the SCB is going to Scandinavia in its efforts to develop new incentive travel markets. To203 words
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Article, Illustration317 1985-09-21 2 NG TAT PUN has been appointed the general manager of the International Bank of Singapore from Sep 16. Mr Ng, who joined the Overseas Union Bank Ltd as the assistant general manager, is on secondment to IBS, a ful-ly-owned subsidiary of OUB. A Bachelor of Arts graduate317 words
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Page 2 Advertisements
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Advertisement9 1985-09-21 2 WORLDWIDE COURIER Changing the way the world does business.9 words
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OVERSEAS
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Article, Illustration513 1985-09-21 3 NYT THE REAGAN Administration is considering asking Congress to relax the nation's anti-monop-oly laws because they might inhibit American industries' ability to compete abroad, according to Secretary of Commerce Malcolm Baldrige. Mr Baldrige, who has been advocating such changes for months, said onNYT - 513 words
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Article137 1985-09-21 3 AP AMERICAN officials, confirming reports that Saudi Arabia was cutting its oil prices, saw the development as "good for the US" but were unwilling to say it would dramatically lower petrol and home heating bills. "Certainly the action is significant, but I'm not sure thatAP - 137 words
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Article, Illustration59 1985-09-21 3 SPANISH stamp collector and artist Antonio Pardos Fortun working on his latest project a large montage of ordinary postage stamps which normally feature a portrait of King Juan Carlos of Spain. Mr Fortun is putting together a huge likeness of the Spanish monarch, using 12,000 stamps.59 words
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173 1985-09-21 3 AFP SOUTH AFRICAN business leaders have called for an end to apartheid, a lifting of the state of emergency in South Africa, and dialogue with representatives of the black majority. Four businessmen were giving evidence at public hearings on Wednesday on how multinationalsAFP - 173 words
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WORLD IN BRIEF
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Article49 1985-09-21 3 THAILAND yesterday repeated a charge that Vietnam was planning to infiltrate its north-east-ern provinces with troops deployed along the Lao-tian-Thai border and by backing Thai domestic insurgency in the region. The charge was made by Lieu tenant-General Sampao Srikacha, the spokesman for the Supreme Military Command.49 words
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Article35 1985-09-21 3 HELEN LIU, the widow of the slain ChineseAmerican writer Henry Liu, has dropped a civil suit claiming US$5O,OOO compensation from the two Taiwanese gangsters jailed for life for murdering her husband.35 words
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Article52 1985-09-21 3 THIRTY-TWO militant Tamil separatists were killed and at least 27 others captured when security forces wound up a major sweep against a militant base north of the port city of Trincomalee on Monday. Senior security officials said yesterday that a total of 97 people were arrested during52 words
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Article39 1985-09-21 3 MALAYSIAN archaeologists have found gold coins, swords, jars and other artifacts believed to be the remnants of a Thai civilisation dating back more than 500 years, said Jaafar Mohamad Ali, the assistant curator of the Malaysian museum.39 words
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Article68 1985-09-21 3 Agencies JAPAN'S customs-cleared trade surplus fell slightly to US$l.35 billion in the first 10 days of September from a rounded $1.37 billion in the same August period and from $1.43 billion a year earlier. The Finance Ministry in Tokyo said that FOB exports in the firstAgencies - 68 words
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Article770 1985-09-21 3 ARRIVALS Operator Service Local From number time PAA PA21 0020 LAX/TYO/ HKG SV SV379 0115 SEL CAL CI 333 0130 TPE GIA GA7118 0350 HLP SIA SQ4I 0535 MAA MK MK746 0755 MRU CV CV796 0815 LUX/DXB MAS MH68I 0820 KUL KAL KE624 0840 KUL GIA GA1117770 words
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251 1985-09-21 3 FT THE CHIEF EXECUTIVES of medium-sized US companies earned more than twice as much as most of their counterparts in the rest of the world, according to a study released on Thursday by Towers, Perrin, Forster and Crosby, the internationalFT - 251 words
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462 1985-09-21 3 UPI DEMOCRATS in the House of Representatives have adopted a sweeping resolution to toughen US trade policy and a House panel, chosing a narrower focus, has approved a Bill that will cut clothing and textile imports from Asia. The House of Representatives' actionsUPI - 462 words
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180 1985-09-21 3 UPI THE US SENATE voted on Thursday for a long-stalled immigration reform bill to stem the flood of illegal immigrants across US borders. But the bill allows 350,000 foreign farm workers to harvest perishable crops. The controversial bill, versions of which have died inUPI - 180 words
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213 1985-09-21 3 UPI DEMOCRATS representing California's wine districts chided President Reagan for serving French wine at the White House while protectionist sentiment was fermenting. "While the national focus is on the trade imbalance, the president is serving fancy French wine at the White House.UPI - 213 words
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439 1985-09-21 4 Government to look into criticisms by bumiputras Bernama MALAYSIA'S Trade and Industry Minister Tengku Razaleigh Hamzah said government economic policies were not sacrosanct and would be modified from time to time to suit prevailing circumstances. "The government is sensitive to criticisms, especially from the bumiputraBernama - 439 words
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225 1985-09-21 4 Bernama THE JOHOR State Economic Development Corporation (SEDC) proposes to develop eight new industrial estates under the Fifth Malaysia Plan. SEDC general manager (operations), Johari Mohamed, said on Thursday that this would increase the total area of industrial estate land in Johor by anotherBernama - 225 words
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Article, Illustration190 1985-09-21 4 AP PRESIDENT SUHARTO of Indonesia, on a three-day state visit to Hungary, said on Thursday night that Indonesia had great interest in the economic achievements of Hungary. Mr Suharto, addressing Indonesian and Hungarian leaders at a state dinner, also said the "main aim of myAP - 190 words
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299 1985-09-21 4 AFP THE UNITED STATES yesterday rebuffed New Zealand's proposals for resolving their row over the ban on US nuclear warships at ports in Wellington, Deputy Prime Minister Geoffrey Palmer said. Mr Palmer, currently in Washington, said in an interview broadcast by RadioAFP - 299 words
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275 1985-09-21 4 Reuter THE CHINESE government yesterday indicated support for an anti-Japanese protest by students in central Beijing this week when slogans attacking Japanese Prime Minister Yasuhiro Nakasone were chanted. The Foreign Ministry issued a statement in response to questions from reporters on Wednesday's demonstration, saying thatReuter - 275 words
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Page 3 Advertisements
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Advertisement8 1985-09-21 3 Pan Ant's New Clipper Class DailyTb Lew Angeles.8 words
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Advertisement189 1985-09-21 3 Occasionally, The Economist believes a thousand words iswartfi one picture. But don't expect it to be large, glossy and in full colour. The Economist believes that thoughtful, objective analysis in words can better assess a current topic. The photo shown here was used to illustrate an anicle on China as189 words
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RAW MATERIALS
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Article148 1985-09-21 4 Chinese Produce Exchange (Sellers' noon closing prices on Sep 20 (S$/100 kg). Coconut oil Bulk FOB 80 00 Old drum FOB 93.00 New drum FOB 97.00 Robusta 20/25% FOB NSW Nutmeg U0 FOB NSW E&W FOB NSW Gombier FOB NSW 440 00 ***** 339 00 330 00 Copra148 words
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Article286 1985-09-21 4 Singapore C-l Ord unq (S$/kilo, e»-godown) Loonzain Rice Fragrant new crop 1st 0 76 2nd 0 54 100% 1st grade 100% 2nd grode 100% 3rd grade unq 215 unq 3rd 052 Parboiled Rice New Crop 5% 215 25% no stock 10% 210 10% no stock Thai Broken Moize unq286 words
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Article98 1985-09-21 4 THE PRICE of tin on the Keel» Lemper Tie Market yesterday rose 21 cents to close at M 539.23 per kilo. The rise was attributed to sterling's rise agalast the rlngglt which wMeied the dlseeeet agalast the LME high grade price to £115 per toeee tram £125. This98 words
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Article177 1985-09-21 4 Yarn (In HK$ per bol« of 400 lb) Chino carded yarn, cones Blue Phoenix 16's 2,450 Blue Phoenix 20's 2,500 Blue Phoenix 32's 2,900 Blue Phoenix 40's 3,330 Carded yarn, hank Blue Phoenix 21's 2,750 Combed yarn, cones Blue Phoenix 32's 4,100 Blue Phoenix 40's 4,300 Open-end yarn Blue177 words
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Article160 1985-09-21 4 SINGAPORE THE RUBBER MARKET yesterday closed slightly higher with October One RSS buyers quoted at 166.75 cents per kilo, up 0.50 cent from Thursday. MALAYSIA The market closed slightly higher at 185.00 cents per kilo for Oct Int One RSS buyers, up half a cent from Thursday, on weekend160 words
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Article368 1985-09-21 4 RAS prices •n S cents/kg, FOB m boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 165 75 166 75N 167 00 168 OON Int 1 RSS Oct 85 165 75 166 25 166 75 167 25 Int 1 RSS Nov 85 166 00 166368 words
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Article120 1985-09-21 4 THE MALAYSIAN crude palm oil prices yesterday closed slightly firmer on pre-weekend covering despite India again purchasing the lower priced Indonesian palm olein at its weekly tender and a weaker Chicago soyoil futures close. Palm oil futures closed nominally mixed after another tradeless session, supported by the steadiness120 words
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Article148 1985-09-21 4 WHEAT FUTURES on Thursday closed two to five US cents a bushel lower on the Chicago Board of Trade. December ended near the bottom of a 4'/« cent range. Prices fell further towards the close on the outlook for a price war among wheat exporting nations, traders said. lowa148 words
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Article132 1985-09-21 4 SOYBEAN FUTURES on Thursday closed as much as four US cents a bushel lower, with November ending near the bottom of a six cent range. Spot September expired at noon with a gain of 13/«l 3 cents. Most months continued to retrace part of the gains made early this132 words
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Article110 1985-09-21 4 (cents/kg, 1-ton pallets) OCT 85 NOV 85 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 138 50 140 SON 139 50 141 SON SSR 50 136 50 I38 50N 137 50 139 SON MRELB Buyers Sellers Buyers Sellers SMR CV 190 50110 words
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Article759 1985-09-21 4 COFFEE ROBUSTA COFFEE FUTURES yesterday stabilised to midday in thin volume at down £5 to £2 a tonne from Thursday night's close as sentiment remained firm and sterling eased from morning gains against the dollar. At midday, second position November was £4 down from the previous close at759 words
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Page 4 Miscellaneous
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Miscellaneous61 1985-09-21 4 Doonesbury OH, NO! POOR HESHOULDA SONNY! WHAT SEEN THAT A rmidiß &6JAMAIFALLI CAN COMING! 'tit m n n 2'. >31 sb BY GARRY TRUDEAU HERE COMES HJOBS! HE'S PULLING SONNY OUT OF THEBOUGAINVIILEA! H&BRUSHIN6 HIM OFF.. U/OUJ, TALK ABOUT SUSPENSE! m m ii 1 AND THE BELTRAMIS APE.. 000-KAYf OH,61 words
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BANKING AND FINANCE
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405 1985-09-21 5 Reuter DEUTSCHE BUNDESBANK president Karl Otto Pohl warned on Thursday that the current account deficit of the US was a growing threat to the stability of the world monetary and trade system. Mr Pohl, in remarks prepared for the closing session ofReuter - 405 words
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139 1985-09-21 5 STANDARD CHARTERED has introduced a personal loan scheme for professionals and executives earning $3,000 or more a month. Under this "Multi-Loans" scheme, the bank will give a loan from $5,000 to $50,000 or more to a suitable borrower without asking for collateral or requiring a guarantor.139 words
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429 1985-09-21 5 Bernama BANK NEGARA governor Datuk Jaffar Hussein said yesterday that the bank would continue to aim at a rate of monetary expansion, but emphasised that its control of monetary aggregates would be by no means "mechanistic nor dogmatic." He said the monetary expansion inBernama - 429 words
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287 1985-09-21 5 Reuter CHINA, eager to expand its foreign borrowing to finance industrial development, is successfully penetrating international capital markets in spite of its status as a debt-default-ing nation, according to British banking sources. The Bank of China last week issued US$2OO million in floating-rate certificates ofReuter - 287 words
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192 1985-09-21 5 Reuter UNION BANK of Switzerland (ÜBS) said it has applied for a merchant banking licence in Australia, a move which could have implications on the Swiss operations of the Australian-owned Grindlays Bank PLC, sources said in Zurich. Grindlays's Swiss operations were threatened withReuter - 192 words
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150 1985-09-21 5 CHASE MANHATTAN Bank has announced a 0.5 percentage point cut in its housing loan interest rates effective from Sep 23. In a brief statement, the Chase marketing manager, Mr Chua Choon Kim, said the interest rate for housing loans of ten years duration had150 words
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MONEY AND EXCHANGES
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Article833 1985-09-21 5 SINGAPORE THE US dollar yesterday closed steady against most major currencies but weaker against sterling after fluctuating within a narrow range throughout the day in quiet trading, dealers said. The dollar closed little changed at 2.8885/95 marks compared with New York's 2.8880/8900 close and at 2.3755/70 Swiss francs833 words
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Article, Illustration345 1985-09-21 5 Asian market ASIAN dollar deposit rates yesterday closed slightly higher than Thursday in quiet pre-weekend trading, dealers said. They said a higher US federal funds rate and news of a US$3.7 billion rise in US M-l money supply underpinned rates. Weekend closed at eight 7 3 per cent, up 1/16345 words
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Article73 1985-09-21 5 THE OVERNIGHT rate on the Singapore interbank money market fell by 15 points from Thursday to close at 20 per cent yesterday. The one-month term rate fell by l'/i points, the two-month rate fell by l'i points while the threemonth rate fell by point. S$ Interbank rates at 3pm yesterday:73 words
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Article245 1985-09-21 5 Interbank rates at 3pm yesterday: Currencies Nominal rate* Smithsonian Bid Offer croaa parity change Local dollars to one unit of foreign currency: US dollar 2 2060 2 2070 2 8196 -21 76 Sterling pound ***** 2 9860 7 3469 -59 40 Austrohon dollar 1 5022 1 5062 3245 words
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Article324 1985-09-21 5 December EaredeUar yesterday opened one tick higher than IMM's close at 91.27 but retreated to 91.33 in a thin market as the large increase in money supply posed some concern to the market. However, short-cover-ing activities on rumours of lower than expected US GNP flash estimates for the third324 words
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Article222 1985-09-21 5 HONGKONG: GOLD yesterday firmed in quiet activity. It traded at U*****.00/40 an ounce against the close here on Thursday of $315.30/70 and New York's close of $319.80/320.30. In local trading, gold closed at HK52,973.00 a tael against the previous close of $2,943.00. Krugerrands traded at $2,525, or US$323. The222 words
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Article56 1985-09-21 5 RESULTS OF TENDER held on Sep 20 for 91-day Treasury bills to be issued from Sep 23 to Sep 24, Sep 26 to Sep 27. Offered: $120,000,000. Applied for: $122,270,000. Allotted: $120,000,000. Aceepted bids: $99.24 approximately 99 per cent; higher bids in full. Average rate of discount on56 words
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Page 5 Advertisements
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Advertisement90 1985-09-21 5 NOTICE OF REDEMPTION V The Saitama Bank, Ltd Singapore Branch U5515,000,000 Negotiable floating U.S. Dollar Certificate of deposit due 14th November 1986 Callable at issuers's option on 14th November 1985. In accordance with the terms set out in the certificate, The Saitama Bank Ltd, Singapore branch have elected to exercise90 words
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Advertisement272 1985-09-21 5 BAT British-American Tobacco Company (Singapore) Ltd. ANNOUNCEMENT The Board of Directors announce the following unaudited results for the six months ended 30 June 1985: HALF YEAR TO 30 JUNE GROUP 1985 $000 Turnover 60,807 ra.i/u Operating Profit 6,491 8,139 20 Investment and Other Income 13 3 Interest Paid (224) (146)272 words
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TIME-OFF
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Article523 1985-09-21 6 SINGAPORE has recently been subjected to a publicity campaign extolling the virtues of Manchester Airport as a gateway to Britain. SIA and Qantas of Australia have both decided to land their Jumbos in this grey, north-western British city with the backing of the United Kingdom523 words
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Article1335 1985-09-21 6 What's on from Sep 21-27 vWf'i <%!**■ Ijk&L, CONCERT: SSO feature* pianist Ju Hee Suh from South Korsa. Victoria Concert Hall. 8.15pm. Tickets: $4, $7, $10, $15. Miss Suh, who first performed here in 1982, will play Brahms' piano concerto No 1 in D minor. DRAMA FESTIVAL: Can't Pay!1,335 words
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Article, Illustration115 1985-09-21 6 WIDELY ACCLAIMED flutist Beate-Gabriela Schmitt, 36, has made recordings for nearly »11 the radio stations in West Germany, bat also for BBC London, Radio Basel (Switieriand), Radio Krakow and Radio Warsaw. Although she maintains a standard Ante repertoire, including Baroque, Classical and Romantic music, she has115 words
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Article, Illustration665 1985-09-21 6 ZHOU MEI - The moon means different things to different people. It is a source of inspiration and the subject of the mid-autumn festival. ZHOU MEI points out that the latter, to the Chinese community in Singapore, is a time for all those with a sweet toothPainting by courtesy of Acmos Gallery - 665 words
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213 1985-09-21 6 AT THIS time of the year, lanterns are übiquitous. To many Singaporeans, the colourful paper lanterns in all shapes and sizes serve as reminder that the mid-autumn festival is just around the corner. There are many who confuse the 15th day of213 words
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319 1985-09-21 6 ON THE EVE of the 15th day of the eighth moon (or the mid-au-tumn festival, falling on Sep 29 this year), a seemingly motley group of men and women will converge on 190, Keng Lee Road. They are members of the China319 words
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Article531 1985-09-21 6 JAIME LYE - By JAIME LYE DRAMA, especially illplaced drama, has little place in a stage comedy, not when people have paid 190 to eat, drink, be merry and, most important, laugh. Not that Stepping Out, in the Hilton-British Airways Playhouse's recent offering about a motley group of531 words
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Article245 1985-09-21 6 CHINA, the world's largest producer and consumer of tobacco, is trying to get its populace to quit smoking. It has come up with various campaigns and slogans, including one that says: "Stop smoking for three years and you'll have enough money to buy an ox." According245 words
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SPORTS
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Article, Illustration724 1985-09-21 7 BRIAN MILLER - Kiwican looks the best longshot today By BRIAN MILLER ONE DOT RED, who has proven to be quite a versatile performer in his 12 starts on the local turf, stands out as an exciting prospect in Race 5 and, on form, I rate724 words
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Article708 1985-09-21 7 DAVID GABRIEL - By DAVID GABRIEL THE THIRD and last test between Sri Lanka and India ended in an interesting draw. Perhaps the home team were a trifle lucky to draw the match, as bad light stopped play in the 13th over of the mandatory 20 last708 words
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Article, Illustration458 1985-09-21 7 THEY WILL LOSE their top player, they have less big-mon-ey tournaments to play in, and they openly admit to being the underdogs. In other words, Singapore's golfers will have their backs to the proverbial wall when they take on Malaysia in the Benson and458 words
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Page 7 Advertisements
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Advertisement172 1985-09-21 7 NOTICES AIR PROGRAMS (ASIA) PTE LTD (Li Members' VatuUry UqaMattea) NOTICE IS HEREBY GIVEN that pursuant to Section 272 of the Comp antes Act (Cap. 185), a General Meeting of the Members of Air Programs (Asia) Pte Ltd will be held at 112 Middle Road, #06-03, Midland House, Singapore 0718172 words
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Advertisement169 1985-09-21 7 SIM A SIM ENTERPRISE PTE LTD (Ii Members' VeiuUry Uqs)<UU««) NOTICE IS HEREBY GIVEN that pursuant to Section 272 of the Companies Act (Cap. 185), a General Meeting of the Members of Sim Sim Enterprise Pte Ltd will be held at 112 Middle Road, #06-03, Midland House. Singapore 0718 on169 words
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Page 7 Miscellaneous
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Miscellaneous1156 1985-09-21 7 to sm mm SATURDAY NIGHT MOVIE Klute 11.05 pm, Channel 5 The TV version could be as badly censored as the film version, but make the best of it, for J this is a critically acclaimed I movie which won m Jane Fonda (right) the 1971 Best Actress Oscar for1,156 words
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Miscellaneous855 1985-09-21 7 I BriStcW: YmnkDxc&ezs Spry, Kou3 THPrr's OURT l CALL ft LOOOnpvM y VOO'RC ftIGHT. HPO F\ 1 *> Foe S>HOOLD6fc LeNOTH BuONDe HP\|R., Bu>e eyes p>nd p* Rosce>OD r mouTH i— —i 'NO, not Heft -rue one SITT»HG Ne*jfo H0?. N/oo rnepvM thc mousey owe uOtTH TUG P££>e>L£ glasses RKD855 words
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INTERNATIONAL STOCKS
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Article113 1985-09-21 8 HONGKONG Thursday 1382 6 Hong Seng Index Week ago 1411.6 Friday 1549 46 Thursday 1563 27 NEW YORK Week ago 1605 84 Dow Jones Thursday 1306 79 TOKYO Wednesday 1300 40 Tokyo Dow Jones Week ago 1312.39 Friday ***** 95 Standard Poors Thursday ***** 99 Week ago *****113 words
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Article265 1985-09-21 8 Managers' prices MARA-Bumiputra for Sep 21 23 First B'putro 5 08 5 13 Second B'putro 4 66 4 71 Singapore Unit Trust The Commerce 1.81 192 The Sovmgs Fund 135 143 S'pore Prog Fund 0.77 *0 82 Third B'putro Fourth B'putro Fifth B'putro Sixth B'putro Seventh B'putro (A)265 words
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Article134 1985-09-21 8 Reuter HARRISONS and Crosfield PLC, the British plantation owner and chemical manufacturer, is seeking a fiveyear £130 million credit facility, according to Baring Brothers Co Ltd, the arranger. The facility will involve a tranche of £110 million for which participating banks will be committed andReuter - 134 words
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Article326 1985-09-21 8 Reuter THE US stock market scored its first solid gain in eight sessions on Thursday, helped by enthusiasm for computer and semiconductor shares. The Dow Jones Industrial Average climbed six points to 1307. Advances led declines by a two-one margin. Volume slipped to 101.57 millionReuter - 326 words
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Article112 1985-09-21 8 S£P 19 CJ Hud Boy Mil 49 Vi Inco 18* Abitto 20 V. unch 42 35 H 16* 18* Kerr Add 15 20* 20* Bonk Mont 29* Moucy Fefg 3* unch ia unch I8* H Bel Canada 41* 17* BP Con Ltd 31* 25* 31* Con Imp 37 Norando112 words
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Article204 1985-09-21 8 S£f 19 Rand Urnsec Wodworth 550 >475 5 unch INDUSTRIALS MININGS 620 unch 170 5 Anglos 3310 +10 AE And O 765 AngKool I0I00B unch unch inch 25 Btyyoors 1413 2575 BuHels 7350 100 rkjik Chorter 6606 30 C G Smrth r ma unch Cons Gold 1550 235 Cons204 words
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Article386 1985-09-21 8 SEP 19 US$ 18* N L lndu*t II* IS 32* to FMC Cp 63* 48* to 43* NCR Corp 32* m Akoo 33* 16* \k 42* Aiegheny Lud 23* to Nortofc Abed Chem Cp AJked Store* Afc*-Chaimer* 53* 3* GAF Cp 35* V* 14* it Am Brooch Inc386 words
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Article927 1985-09-21 8 Amsterdam Sfp 19 Fh ABN ***** Aegon Ahold 97.60 06 260 SO 13 3 Akzo AMEV 126 40 +1.4 298 50mAmfos Amro Bonk B«k(l Boh 85 70 +02 3850 +04 406 00 +4 Botkobs Bur Tet Cakmd Z 108 50 +15 468 00 -1 DdM* Ekevwr F& Fokkcr927 words
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Page 8 Advertisements
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Advertisement518 1985-09-21 8 -f 7 -5 mm m <* I W «Vr ir.P ns w Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. .'J Special business lunch at $16 -h- each and $20 -H- each (min. 2 persons). Over 50 a la carte518 words
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Advertisement146 1985-09-21 8 London stocks, backpago V n s V U H Tfpe 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 M Soul from the Philippines. They'll captivate you! Happy Hours: spm 7pm, 50«*» off all146 words
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ASIAN STOCKS
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Article345 1985-09-21 9 HONGKONG: Share prices closed lower in moderate trading as sentiment remained bearish yesterday. There were no fresh factors but institutions continued to sell. There was not much buying support. The passage by a Congressional sub-committee of the Jenkins Bill, which would restrict US textile imports, weighed on the market345 words
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Article209 1985-09-21 9 scr 20 Al Sncm Mm Asm Cement HT 3 20 1920 -0.1 -02 +0.1 Lxn Hwa Indus Nan Ya Plas Pocific Cons Pocihc Elect 1220 24 20 1490 1300 -0.2 0 1 -03 -0 25 23.50 Chang Hwo Bonk 44 40 1630 -0.2 0.3 13.15 -0 25 Qua Hwn209 words
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Article337 1985-09-21 9 TOKYO: Share prices surged in moderate trading yesterday, spurred by purchases from an investment trust. The market average rose 101.96 to 12,666.95 after gaining 35.33 on Thursday. Turnover was a moder- ate 400 million shares against 450 million on Thursday. The Investment Trust, a subsidiary of one of Japan's337 words
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Article110 1985-09-21 9 MANILA: Share prices closed mixed in dull trading yesterday. The Mining index rose 5.36 to 659.99 while the Commercial and Industrial index fell 1.97 to 155.94. The Oils index was steady at 0.799. sir 20 Nm Manlnl Onantal B Phfex B 0014 0 125 unch unch Acojt Monfl *****110 words
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Article344 1985-09-21 9 SYDNEY: Australian shares closed firmer yesterday as initial nervousness about the government's tax package faded in late trading. At the close, the All Ordinaries index rose 2.6 to 945.7 after being down 2.2 at midsession. The All Industrials index rose 6.1 to 1388.7 and the gold index rose 7.1344 words
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Article82 1985-09-21 9 SCf 20 Won Hyundai Comt Hyundai Motor KAL 899 890 445 +5 unch Chohaung 8k 690 30 27 5 Korao F«V 759 1358 418 19 +8 Commercial Bk 748 476 Korea y* unch 479 unch Lucky Ltd 606 -2 644 Somwg Co 695 unch Dong Ah Gold Star HondBk82 words
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Article116 1985-09-21 9 BANGKOK: The market report was unavailable at press time yesterday. MH Sam Cement S«om Citizen 71 50 unch S«om Oy Aokhom Thai Cement 504 inch Asm Fibre 139 -4 South Asao Fixe Ayuthoya knv -2 Strong Pack And Trust 161 Thai Commercial Bangkok Agro-lnd Bank n rJi Q nnli116 words
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Article66 1985-09-21 9 Reuter NIPPON Steel Corp has won an order worth about five billion yen to build an oil terminal from China National Machinery Import and Export Corp and China Petroleum Engineering and Construction Corp. A Nippon Steel spokesman said the storage and loading terminal would beReuter - 66 words
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396 1985-09-21 9 Reuter JAPANESE WHOLESALERS, who will hold talks in Tokyo with Indonesia's state oil company Pertamina later this month on an Indonesian liquefied petroleum gas (LPG) project, expect to reach a final agreement by the end of this year. The wholesalers wantReuter - 396 words
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176 1985-09-21 9 A TOTAL OF 26 expatriate staff working in China for Bechtel, the US engineering group, have been displaced following indefinite postponement of major contracts in mining and rail construction. The setback came as a jolt to most of the staff, many of176 words
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Article59 1985-09-21 9 Bernama THE SHANGRI-LA Kuala Lumpur has grossed more than Msl2 million since it opened for business on April 20 this year. Shangri-La chairman Datuk Abdullah Yusof said that, since then, the five-star hotel has sold a total of 43,868 room nights to foreign guests, whichBernama - 59 words
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Page 9 Advertisements
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Advertisement681 1985-09-21 9 m m Sd W R* iert Ss ifjf -A («►> PH Level b. Peninsula Hotel 52 5 V JO. -4 U J Ikt <4 4 New plush interiors which conjure up an entirely different atmosphere. Plus our warm hospitality and a menu of local and continental favourites that aims to681 words
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Advertisement207 1985-09-21 9 KIRIN COURT The better Cantonese Cuisine Businessmen Lunch CCA++ (for four persons) 1. Soup of the day 2. Assorted Cold Cuts Combination 3. Sweetenpd Water Chestnut Cream And A Choke of Any 2 of the Following: Saute Chicken with Black Bean Sauce Saute Beef with Vegetable Steamed Minced Pork with207 words
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SHARE INFORMATION
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Article, Illustration4390 1985-09-21 10 THE SINGAPORE stock exchange ended the week on a high note yesterday after prices moved ahead across a broad front. Advances outnumbered declines by 103 to 62 on a ready basis. At the close, the Straits Times Industrial Index was 4.854,390 words
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Article275 1985-09-21 10 SINGAPORE Rises Indices A ret Hitom Tin H Leong Credit HK Tm Corp 50< Roletgh M U Mfg 50< G Lumber S f K Sentoso Knn ioo SO* Lorut Tin Not kon UOL 1 C S f H 780 630 304 274 243 170 135 277 238275 words
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Article5490 1985-09-21 10 SECTION ONE INDUSTRIAL COMMERCIAL Acmo (I I7B) (I) 118 (4) 1.16 (1) 1 15 (1) I 15 Alcorn (0 888) (1) 0 89 (1) 090 Allied Choc (2.418) (2) 2.44(1) 2 43 (3) 2 44 (4) 2 41 (2) 2 42 A mo I Steel5,490 words
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Page 10 Advertisements
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Advertisement20 1985-09-21 10 KL market report, Business done on the KLBE, See Page 11 Selected Indices and Unit Trust tables, See Page 820 words
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COMPANY NEWS
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Article578 1985-09-21 11 HOCK LOCK SIEW IN THIS COLUMN last week, I had the pleasure of telling readers that I felt most encouraged by the market's underlying strength and other favourable technical signals it was flashing. Studying the charts of the three technical indicators that appear alongside the daily stockHOCK LOCK SIEW - 578 words
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Article252 1985-09-21 11 HEAVY PROFIT-TAKING hit the Kuala Lumpur stock market yesterday after the sharp price rise the past three days. However, several speculative counters bucked the trend and closed with substantial gains. The overall market closed mixed with most stocks recording small losses. Blue chips also succumbed252 words
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Article3581 1985-09-21 11 MDUSTRIALS A Choc (2 775) (1)278 AISB (1 00S) (149) 1 03 (3) I 05 (145) 1 01 (2) 0 99 (140) 1 02 (10) 1.04(1 I 05(2)0 99 (130) I 00 Alcom (I 02S) (4) 1 05 (33) 1 04 (30) 103(13) 1 023,581 words
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292 1985-09-21 11 BRITISH-AMERICAN Tobacco Company (Singapore) Ltd turned in disappointing results at half-time in spite of a good start at the beginning of the year. For the six months ended June 30, operating profits fell 20 per cent to $6.49 million, contrary to292 words
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510 1985-09-21 11 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI COLD STORAGE Holdings PLC has turned in a very interesting set of interim results to July 31, 1965. At first glance, it appears that the local food-based giant has done worse than before. But a closer examination reveals that the510 words
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LATEST RESULTS
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Article29 1985-09-21 11 report- Ed sharply lower group pre-tax profits of M 5223,518 (from $664,095) for the half-year ended June 30. Turnover, however, improved to $9.33 million (from $7.92 million).29 words
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Article67 1985-09-21 11 reaping the fruit of its acquisition programme in the past year, has announced higher group pre-tax profits of M 52.49 million ($263,000) on a lower turnover of $18.23 million ($22.12 million) for the half-year ended June 30, 1985. The company also disclosed that shareholders had approved the proposed67 words
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39 1985-09-21 11 announced a two-third fall in group taxable profits to $5.29 million (from $15.01 million) on a smaller drop in the turnover to $47.09 million (from $62.82 million) for the six months ended last June 30.39 words
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Article85 1985-09-21 11 consolidated pre-tax profits tumbled to $6.08 million (from $14.34 million) for the half-year ended May 31, 1985. Directors have recommended an interim divi- dend of 5 per cent gross payable on Oct 28 to shareholders registered as at Oct 11. The company, whose shares have been suspended85 words
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Article28 1985-09-21 11 re- ported group pre-tax profits of 5718,000 (from *325,000) on higher turnover of $17.93 million (from $11.16 million) during the six months to June 30.28 words
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Page 11 Advertisements
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Advertisement456 1985-09-21 11 «8 Cold Storage Holdings R L.C. INTERIM STATEMENT The Directors announce the unaudited results for the six months to 31st July, 1985. 1(A) Turnover 115,094 395,105 (70.9) (B) Investment and other income 9_ 34 (73.5) 1,952 5-032 (61.2) 2(A) Operating profit before tax. minority interests and extraordinary items 6,121 8.707456 words
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446 1985-09-21 12 BOEY KIT YIN - By BOEY KIT YIN A LEADING US pipe manufacturing company is spending about $10 million in a second factory in Jurong to make cor-rosion-resistant fibre glass pipe Joints for the Far East marine, gas and oil, and other industrial markets. In addition,446 words
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214 1985-09-21 12 QUAD UNION Investment, which recently had to close all 18 of its photo-processing shops, was spared some further anguish yesterday when its landlord withdrew an application to wind up the company. Sources close to the company said that the landlord, Clifford Holdings Pte Ltd, withdrew214 words
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228 1985-09-21 12 THE HIGH COURT yesterday refused to reduce by half the $1 million bail imposed on local businessman Low Chit Bah. Mr Low, alias John, 44, faces 41 charges of cheating nearly $4 million from seven banks and finance companies through paper transactions228 words
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Article67 1985-09-21 12 AP EIGHT STUDENTS have been barred from classes in the University of Technology in Kuala Lumpur until they stop wearing purdaAs, the traditional dress for Arab women. The university's vice-chan-cellor, Anuar Maarof, said yesterday that the students had been kept out of class since Monday underAP - 67 words
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988 1985-09-21 12 MANO SABNANI - By MANO SABNANI A BROAD RANGE of Singapore businesses is set to benefit from a substantial expansion in the economic relations between China and Singapore. News has emerged that the two countries are to cooperate closely in the fields of tourism,988 words
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Article, Illustration247 1985-09-21 12 AFP FRENCH Defence Minister Charles Hernu resigned yesterday and the government is seeking the dismissal of the military intelligence chief over the growing scandal of the sinking of the Rainbow Warrior. President Francois Mitterrand, stung by French press reports that French combat divers had sunk theAFP - 247 words
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Article, Illustration223 1985-09-21 12 Reuter ENTIRE STREETS of buildings "danced" up and down and collapsed as Mexico's worst earthquake of the century struck the capital, wiling at least 3,000 people. Within minutes the quake levelled hundreds of buildings, from schools to a cathedral. Fires broke out,Reuter - 223 words
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277 1985-09-21 12 LINDA CHEE - By LINDA CHEE THE PORT of Singapore Authority is considering the acquisition of Keppel Shipyard's land at its main shiprepair yard, which has a potential value of $500 million if redeveloped for commercial and residential purposes. It is understood that Keppel has been advised277 words
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Article81 1985-09-21 12 THE POLISH airline LOT will be flying into Singapore from early next year. Mr Josef Kowalski, LOT'S general director, said that initially, there would be one flight a week from Warsaw to Singapore via Calcutta. This might be increased to two flights a week, he81 words
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290 1985-09-21 12 ASEAN TEXTILE and garment manufacturers are disappointed by the passing of the controversial Jenkins Bill in a House of Representatives sub-committee on Thursday, to curb textile imports to the US. The US Ways and Means Committee approved the full version of290 words
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Article88 1985-09-21 12 Reuter COMEX GOLD FUTURES extended their early gains in New York yesterday to trade at US$4.3O to $5.00 an ounce near the mid-session. The trend-setting December led the move, rising the most to $324.80 an ounce, while nearby October added $4 30 to $320. Silver futuresReuter - 88 words
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Article72 1985-09-21 12 Reuter THE NEW YORK stock market turned mixed in early trading yesterday, with blue chips slightly lower. The Dow Jones Industrial Average was off one point to 1306 while advances led declines by a three-two margin on turnover of 7.88 million shares. American Cyanamid led the actives,Reuter - 72 words
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Article1009 1985-09-21 12 Reuter EQUITIES drifted lower throughout the session but dealers said trading was quiet and selling interest small. The market showed no reaction to news US gross national product rose an estimated 2.8 per cent in the third quarter. At 1430 GMT. the FTSE-100 was down 8 at 1,298.8.Reuter - 1,009 words
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LATE FILE
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Article47 1985-09-21 12 UPI SOUTH AFRICAN dissident leader Allan Boesak was charged yesterday under a political security act on terrorism and subversion and released after 24 days in detention. Mr Boesak was indicted in a court in Malmesbury and freed on bail of US$B,OOO. UPIUPI - 47 words
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Article62 1985-09-21 12 AFP PUBLIC SCHOOLS in Manila and its suburbs were mostly empty yesterday as thousands of teachers continued to strike for higher salaries after a dialogue with authorities failed. A spokesmen said they would continue their walkout "indefinitely" because Premier and Finance Minister Cesar Virata would notAFP - 62 words
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Article40 1985-09-21 12 Reuter IRAN said yesterday that its warplanes had bombed and damaged a hydro-electric dam in Iraq. "Some Iranian planes bombed electrical installations at the dam at Dukan. inflicting heavy damage," said Radio Teheran. ReuterReuter - 40 words
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Article46 1985-09-21 12 Reuter A POLITBURO decision to boost the output and quality of consumer goods and services has signalled Kremlin leader Mikhail Gorbachev's commitment to improving the standard of living for ordinary Soviet citizens. The measure was published in Moscow newspapers yesterday. ReuterReuter - 46 words
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Article45 1985-09-21 12 Reuter BRITAIN'S centrist alliance of Liberals and Social Democrats, confident of holding the balance of power after the next election, yesterday promised home rule for Scotland. "We want to see Scotland self-governing," said Social Democratic Party leader David Owen.Reuter - 45 words
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Article53 1985-09-21 12 Reuter THE PESTICIDE DDT has been found in 21 cigarette brands. In an advance copy of its October issue, the West German Nature magazine said that a laboratory in the city of Bremen had found DDT and another pesticide, Lindan, in 21 of the 35Reuter - 53 words
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Article40 1985-09-21 12 AP CHINA yesterday unveiled a cautious strategy in its seventh five-year plan for the rest of the decade, toning down accelerated growth and promising only 5 per cent annual improvement in living standards. APAP - 40 words
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Article43 1985-09-21 12 Reuter INDONESIANS wUI be allowed to keep wild elephants as pets as part of a programme to get people and animals in jungle regions to live peacefully side by side, said Rubini Atmawidjaya, the director-general for forest protection yesterday.Reuter - 43 words
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Page 12 Miscellaneous
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Miscellaneous59 1985-09-21 12 raffle Outlook for today: Showers in a few oreos in the lote morning and afternoon. Report for 24 hours prior to 7 30pm on Sep 20 ot the airport: Maximum temperature 31.6 Associated humidity 66 Minimum temperature 24..7 Associated humidity 96 Hours of sunshine 9 35 Rainfall in millimetres nil59 words
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