The Business Times, 12 October 1985
1985-10-12
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12
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The Business Times
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Title Section12 1985-10-12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, OCTOBER It, 1985 75 CENTS12 words
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361 1985-10-12 1 A JUBILANT AMERICA yesterday hailed the dramatic mid-air capture of four Palestinian guerillas who hijacked an Italian cruise ship and killed a crippled Jewish American passenger. "Thank God, we won one," said Senator Patrick Moynihan, a Democrat from New York, after four American361 words
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Article, Illustration592 1985-10-12 1 CHAN OI CHEE - Large part of record earnings to come from sale of aircraft By CHAN OI CHEE WITH PLANS for its share flotation now being finalised, Singapore Airlines Ltd has disclosed that it is flying well above the grey economic clouds. The national flag-carrier expects group net profits592 words
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505 1985-10-12 1 A HELPING HAND towards finding a mate for life is being extended to non-graduates. Spurred by its success of bringing unmarried graduates together on social occasions, the Social Development Unit (SDU) is now trying to do the same for diploma holders and those with505 words
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164 1985-10-12 1 THE SDU is still hesitant to claim success in terms of marriages of graduates who have attended its courses, but there is possibly a firm trend developing in the macro figures that gives grounds for hope. Statistics by the Registrar of Marriages show that in164 words
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176 1985-10-12 1 THE MCA, which appeared to be well on the way to resolving its 18-month-old party crisis, has once again been thrown into a state of disarray following the resignations of two officials of the party ad hoc committee yesterday. Datuk Mak Hon176 words
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Article, Illustration92 1985-10-12 1 AFTER ft mMtly listless session, share prices ended on ft easier note ftt the flings porr stock market yesterday. Vstame ftt 15.7 million shares was mnck lighter than thone of previous sessions. The Straits Times Indnstrlftl Index feU 4.1« points to 757.15, while the ftll-secter Business Times Composite92 words
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Article439 1985-10-12 1 SOH TIANG KENG - By SOH TIANG KENG GOVERNORS of the World Bank yesterday gave the green light to set up an international agency to promote the flow of capital, investment and technology to developing nations. Called the Multilateral Investment Guarantee Agency (Miga), the agency is designed to stimulate439 words
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234 1985-10-12 1 HOMESPRUNG mushroom grower Everbloom Mushrooms has been charged by the Central Provident Fund Board with defaulting on five months of CPF contributions amounting to about $103,000. The charge against Everbloom Mushrooms was yesterday mentioned in court for the second time. The234 words
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Article42 1985-10-12 1 Reuter THE VALUE of Indonesian exports under non-oil countertrade agreements since the trade policy was instituted in January 1982 totalled US$l.44 billion to Aug 31. An Indonesian Trade Ministry spokesman said $844 million of this was realised during the period. ReuterReuter - 42 words
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Article107 1985-10-12 1 Bernama THE PHILIPPINES will not become a "flashpoint of conflict" in South-east Asia, acting Foreign Minister Pacifico Castro said. Addressing the 40th General Assembly of the United Nations in New York yesterday, Castro said "there is no danger whatsoever that the Philippines will become a flashpoint of conflictBernama - 107 words
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Page 1 Advertisements
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Advertisement241 1985-10-12 1 ENEX A S 1 asia BggE ELECTRONICS B6 S E Asia's 6th International Exhibition of Electronic Components, Assemblies. System Packaging and Production Technology 21-25 October 1986 World Trade Centre. Singapore INTERFAMA EXHIBITIONS PTE LTD Parkway Builders Centre #10 03 06 1 Marine Parade Central Singapore 1544 Tel *****00 Tele. HS241 words
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Advertisement275 1985-10-12 1 mm SHARE INFORMATION 11 MONEY A EXCHANGES RAW MATERIALS SHIPS IN PORT OUR VIEW SINGAPORE is in the dough, not in the American sense of the word, but the genuine stuff thot turns into bread when you put it in the oven. An Australian company is promoting its instant product275 words
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Advertisement8 1985-10-12 1 ~=)&*!\_+\((.]!++=\;}<;/?](`%)& Action time to got economy moving, Pege 38 words
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Advertisement317 1985-10-12 1 ENEX• A S 1 A» =m ELECTRICas ASIA 86 S E Asia s 6th International Exhibition of Electrical Engineering.lnstrumentation. Controls.Fittings and Accessories 21 25 October 1986 World Trade Centre. Singapore INTERFAMA EXHIBITIONS PTE LTD Parkway Builders Centre *10 03 06 1 Mar.ne Parade Central Singapore 1544 Tel *****00 Tele» HS249BOINFAMA317 words
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HOME NEWS
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510 1985-10-12 2 ELAINE KOH - Secura calls for licensing of security printers By ELAINE KOH CALLS FOR TIGHTER regulation of security printers were welcomed yesterday by customers with specialised printing needs. Mr Bernard Tay, the assistant general manager of Secura Singapore Pte Ltd, one of the handful of companies carrying out510 words
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108 1985-10-12 2 MR POUL SCHLUTER, the Prime Minister of the Kingdom of Denmark, will arrive in Singapore today for a three-day official visit. He will be accompanied by his wife, senior officials and businessmen. Mr Schluter will call on President Wee Kim Wee and the108 words
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379 1985-10-12 2 JEFFREY TSANG - By JEFFREY TSANG THREE OF THE WORLD'S largest software companies have joined forces to fight software piracy in Singapore and their combined might should be felt in three to six months' time. The chairman of the Anti Software Piracy Association (Aspa), Mr Jodee Rich,379 words
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Article173 1985-10-12 2 GOOD ECONOMIC reasons, among others, are behind the emphasis on the mother tongue, said Dr Tony Tan yesterday as he reaffirmed the government's stand on bilingualism in the education system. The Minister for Education and for Trade Industry, speaking at the prize presentation ceremony at the173 words
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187 1985-10-12 2 THE MOUNT ELIZABETH Hospital will be investing $4 5 million in a major programme to expand and improve its range of services and facilities over the next six months. The expansion and improvements will include four new passenger lifts, a Computerised-Assisted187 words
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Article64 1985-10-12 2 FOUR representatives from the Airport of Paris will be here for a three-day visit on Monday. Led by their commercial manager, Mr G Bernfeld, the visitors will meet officials from the Ministry of Communications, the Civil Aviation Authority of Singapore and Singapore Airlines. The Airport64 words
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Article, Illustration349 1985-10-12 2 RAMALINGAM MAHENDRAN has been appointed the director of the World Trade Centre with effect from Sep 16. Before his appointment, Mr Mahendran was the assistant director (operations) of the Port of Singapore Authority. He holds a Bachelor of Science degree in engineering and a Master of Science349 words
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Article226 1985-10-12 2 AN EXHIBITION about public housing in the last 25 years opens today to commemorate the Housing and Development Board's silver anniversary. Occupying the whole of the ground floor and part of the first floor of the Singapore Conference Hall, the $400,000 exhibition is the highlight of226 words
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Article, Illustration581 1985-10-12 2 MONICA GWEE - By MONICA GWEE THE US COMPUTER giant, IBM, yesterday debunked the myth of its cookbook management formula and said the successful company was not immune to recession. But IBM pointed to investment in new technology and a willingness to invest in such581 words
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Article742 1985-10-12 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Gold Leaf K18 Star Shpg alongside 12.10.85/1200 Stolt Templar K30 S Nielsen alongside 12.10.85/1200 Trans Hov K9 Barber alongside 12.10 85/0600 Yanshan K35 Y Fung alongside 12.10 85/2300 Equator 3 K22 Thong Soon 12.10.85/0700 13.10.85/0700 Ned Baltimore742 words
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Page 2 Advertisements
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Advertisement44 1985-10-12 2 WORLDW/DECOURIER Changing the way the world does business. rr Live-Band Music Non-Stop Dancing Charming Hostesses iv Gracious Service ro^( o iscO «ua oO s 20 /o oo u Office Nite-Chib <fe Lounge > 1, Claymore Drive, #02-11 Orchard Tower (Rear Block) Singapore 0923 Tel: *****2644 words
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OVERSEAS
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260 1985-10-12 3 AP IN WHAT COULD BE a breakthrough in the search for Americans missing in Vietnam, a top-ranking North Vietnamese official says his government has agreed in principle to allow US excavation teams into the Hanoi area for the first time to search for remains.AP - 260 words
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159 1985-10-12 3 Reuter JAPANESE Foreign Minister Shintaro Abe met top Chinese leader Deng Xiaoping in Beijing yesterday and was expected to discuss sensitive trade and economic problems with him and other senior officials. Mr Abe spoke to Mr Deng for about an hour in Beijing's GreatReuter - 159 words
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290 1985-10-12 3 Reuter JAPAN'S economic policies threaten the whole international trading system by creating dangerously large imbalances with major trading partners, says a report by the European Economic Community. The report, released yesterday, says that "simply to set the US$l5O billion estimated US trade deficit forReuter - 290 words
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Article796 1985-10-12 3 ARRIVALS Operator Service Local From number time PAA PA2I/5 0020 LAX/TYO/HKG SV SV379 0115 SEL CAL CI333 0130 TPE SIA SQ4I 0535 MAA MK MK746 0755 MRU cv CV796 0815 LUX/DXB MAS MH681 0820 KUL KAL KE624 0840 KUL MAS MH603 0905 KUL MAS MH8I1 0940 PEN796 words
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250 1985-10-12 3 UPI THE BUREAU CHIEF of the weekly Far Eastern Economic Review admitted possessing and publishing secret information on Malaysia's proposed trade policy with China when he appeared yesterday in the Kuala Lumpur magistrates court. James Clad, 38, was charged with two counts under the recentlyUPI - 250 words
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235 1985-10-12 3 AP PORTUGAL has told Indonesia that it has no territorial ambition but still wants to reach an "honourable solution" to the problem of its former colony of East Timor. Indonesian Foreign Minister Mochtar Kusumaatmadja said on Thursday that his Portuguese counterpart hadAP - 235 words
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Article156 1985-10-12 3 Reuter SOUTH KOREA yesterday called for a mutual non-ag-gression treaty with North Korea to pave the way for a peaceful unification of the divided peninsula. National Unification Minister Park Tong-Jin told a seminar in Seoul the communist north still aimed to conquer the south, more thanReuter - 156 words
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248 1985-10-12 3 AP CHINA'S racing economy began slowing down in the third quarter of this year because of clampdowns on capital construction and spending, but industrial production still outpaced energy output. The growth rate in the JuneSeptember period was 14.7 per cent compared withAP - 248 words
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Article, Illustration651 1985-10-12 3 SOH TIANG KENG - By SOH TIANG KENG AFTER THE TALK, the time is now ripe (or action. Governments and private institutions must pull their weight together to check protectionism, tackle the debt crisis and get the world economy moving again. This is the crux of the closing651 words
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Article378 1985-10-12 3 UPI THE HEADS of the World Bank and International Monetary Fund yesterday rebuked Peruvian Prime Minister Luis Alva Castro for his denunciation of the IMF, suggesting that his strong tone did not reflect the views of other nations at the meeting. In an unusually bluntUPI - 378 words
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626 1985-10-12 4 Reuter DEFYING President Reagan's veto threat, the House of Representatives voted overwhelmingly on Thursday to roll back sharply textile imports from 12 countries, all but one in Asia and including Japan and China. Seen as a signal of rising anger over American jobsReuter - 626 words
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194 1985-10-12 4 Reuter INDUSTRY on both sides of the Atlantic is complaining that US restrictions on technology exports are harming business, a West German Member of Parliament Lothar Ibruegger said in a report for the North Atlantic Assembly. The report, prepared for the assembly's sub-committee onReuter - 194 words
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327 1985-10-12 4 UPI ECONOMIC EXPANSION in Asia and the Pacific region is likely to slow down over the next few years, although the rate of growth will remain well above the international average, economist David Kern predicted. Mr Kern, the manager and chief economist ofUPI - 327 words
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Article, Illustration244 1985-10-12 4 AP FRENCH PRESIDENT Francois Mitterrand on Thursday pledged to defend the freedom of West Berlin and called on communist authorities to tear down the Berlin Wall. Mitterrand said there could be no obstacle to the development of relations between West Germany and West Berlin, which isAP - 244 words
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WORLD IN BRIEF
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Article29 1985-10-12 4 VENEZUELA plans to amend its oil laws to permit diversification and greater flexibility in international oil markets, said Energy and Mines Minister Arturo Hernandez Grisanti yesterday.29 words
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Article47 1985-10-12 4 CONTRACTING parties to the General Agreement on Tariffs and Trade (Gatt) will hold their annual session in Geneva from Nov 25 to 29. The Gatt meeting will examine the possibility of forming a special committee to prepare for a new round of multilateral trade talks.47 words
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Article63 1985-10-12 4 INTERNATIONAL airline pilots and transport workers have urged airlines to unseal two emergency exit doors that have been closed on some jumbo jets to provide more seating. Passengers face additional risks on Boeing 747 jets that have the number of exit doors reduced from 10 to eight, said63 words
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Article56 1985-10-12 4 THE BRITISH government yesterday announced plans to introduce a new law to combat a wave of street violence after rioting spread to the Midlands city of Leicester. Home Secretary Douglas Hurd said he would ask Parliament to include a new offence of "disorderly conduct" in a public order56 words
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Article50 1985-10-12 4 FILM DIRECTOR Orson Welles died at his Hollywood home yesterday, aged 70, after a life devoted to the film industry and theatre. His body was found by his chauffeur. Los Angeles deputy pathologist Donald Messerle said that "the cause of death appears to be natural in origin".50 words
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Article37 1985-10-12 4 Agencies LIBYAN leader Muammar Gaddafi, making his first trip to Moscow since 1961, had talks with Soviet leader Mikhail Gorbachev yesterday on the Gulf War, the Middle East and Africa, said Tass yesterday. AgenciesAgencies - 37 words
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Page 3 Advertisements
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Advertisement10 1985-10-12 3 KnH JL &JL JLI&tL/ A/ C*rJL Fastest Daily to New\fork.10 words
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Advertisement266 1985-10-12 3 'oiinun^i W fe —m£\zs II PERSONAL COMPUTERS f---— M I.—.■!■ '•A AMERICAN ACCENT MALAYSIAN TECHNOLOGY VI SI VA Ul u 1 D UK >PP Now, the Accent t^*> 00> 2001 Pa deliver the best of both worlds American accent for undisputed quality and Malaysian technology for vM KiaiITOBDMM EwXrwr OntrtxAor266 words
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RAW MATERIALS
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Article152 1985-10-12 4 ChiiMM Produce Exchange (Setters' noon closing prices on Oct 11 (S5/100 kg). Coconut oil Bulk FOB 75 00 Old drum FOB 88 00 New drum FOB 92 00 Copra Mixed (loose) 40 buyers Pepper Muntok White FOB NLW 930 00 Sarawak White FOB faq NLW 920 00 Sarawak152 words
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Article296 1985-10-12 4 Singapore (S$/kilo, e»-godown) Fragrant new crop 1st 0 76 2nd 0 54 3fd 052 New Crop 25% no stock 10% no stock Thai Broken A-super 0 54 Special 0 52 Thai Rice 55% no stock China Rice 10% no stock 15% 0 72 25% no stock 35% no stock296 words
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Article96 1985-10-12 4 THE KLTM tin price closed unchanged at Ms2> M per kg yesterday far the second consecutive day, with continued Strang buffer stack manager's support la law turnover. Offerings fell ta ltt tanncs from 144 on Thursday and no foreign concentrates was laelnded. There was scattered Malaysian and Japanese96 words
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Article177 1985-10-12 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,500 Blue Phoenix 20's 2,550 Blue Phoenix 32's 2,950 Blue Phoenix 40's 3,300 Carded yarn, hank Blue Phoenix 21'* 2,750 Combed yarn, cones Blue Phoenix 32's 4.100 Blue Phoenix 40's 4,300 Open-end yarn 2,200177 words
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Article162 1985-10-12 4 SINGAPORE The market closed firmer yesterday with November One RSS buyers quoted at 166.00 cents a kg, up 1.75 cents from Thursday. The morning session gained 0.75 cents on some buying of nearby positions in quiet trading. Prices advanced further in afternoon trading due to weekend covering of some162 words
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Article345 1985-10-12 4 RAS prices in S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 163 00 164 00N 164 00 165 OON Int 1 RSS Nov 85 164 75 165 25 166 00 166 50 Int 1 RSS Dec 85 165 75 166345 words
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Article157 1985-10-12 4 MALAYSIAN crude palm oil prices reversed an early trend to close slightly higher yesterday on covering interest, reflecting a technical adjustment to the gradual fall in prices. Buyers remained reserved as prices were expected to be pressured by a higher September production estimate and in anticipation of weaker157 words
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Article136 1985-10-12 4 SOYBEAN futures on the Chicago Board of Trade eased from early highs on Thursday and ranged from down l'/i to up one US cent a bushel at the close. November ended at the bottom of a s'/4-cent range. Although rains had pushed back the soybean harvest in the western136 words
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Article138 1985-10-12 4 WHEAT futures on the Chicago Board of Trade closed slightly lower on Thursday, off '/i to IV* US cents a bushel. December ended near the bottom of a fourcent range. Trade talk that Gulf vessels loading corn to the Soviet Union had run short of supplies, and that the138 words
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Article108 1985-10-12 4 (cents/kg, 1-ton pollen) NQV 85 DEC 85 (current month) (forword month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 149 50 151 50N 150 50 152 SON SSR 50 147 50 149 SON 148 50 150 SON MRELB Buyers Sellers Buyers Sellers SMR CV ***** 212108 words
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Article799 1985-10-12 4 COFFEE Robusta futures remained very quiet on Thursday, to end the day down £1 to £5 a tonne from Wednesday night's close, at or near the highs of a maximum £12 range. At the close, second position January was £2 down from the previous close at £1,640, in799 words
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Page 4 Miscellaneous
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Miscellaneous111 1985-10-12 4 Doonesbury YOU SEE, MIKE, THERE ARE 12 PfF~ FERENT PGGREES OF OP&ATIONAL. ease buiuinto 'eve.' but the 1 MORS "FRJENPLY" THE PROGRAM 1 tXJ SELECT, THE LESE MEMORY o IS LEFT OVER FORYOUR USE. 5S m SOME PROGRAMSARESOFRBVU, THE COMPUTER HAS AMNESIA. ITS ALL A QUESTION OF HOtO MUCH OF111 words
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BANKING AND FINANCE
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Article, Illustration305 1985-10-12 5 AMY BALAN - By AMY BALAN FRENCH BANK Credit Du Nord has stood by its decision to locate its main and only offshore Asian branch in Singapore. The latest offshore bank in town has maintained a presence here for the last five years before it received approval to305 words
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227 1985-10-12 5 FT THE FRENCH government, in a move to lower the cost of export credits, has announced a series of measures to boost competition among banks granting loans to back sales abroad. The finance ministry is bringing in a new system under which banks willFT - 227 words
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120 1985-10-12 5 Reuter ZAMBIA'S CURRENCY, the kwaeha, was expected to be devalued sharply at the government's first weekly foreign exchange auction of at least US$5 million yesterday, economists polled by Reuters said. The Bank of Zambia, the central bank, has said the rate fixed will apply throughout theReuter - 120 words
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393 1985-10-12 5 Reuter ASSISTANT TREASURY Secretary Manuel Johnson and banker Wayne Angell of the United States will be nominated to hold 14-year terms on the Federal Reserve Board. The White House announced on Thursday that Mr Johnson and Mr Angell would be nominated by President Reagan.Reuter - 393 words
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Article95 1985-10-12 5 AFP A REALIGNMENT of currencies in the European Monetary System (EMS) will take place after the French parliamentary election next March. Monetary analysts Maxwell Stamp Associates in London said the changes would involve a devaluation of about 9 per cent for the French and Italian currencies relativeAFP - 95 words
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165 1985-10-12 5 AP CHINA HAS ENOUGH foreign exchange reserves to support its trade with other countries, the People's Bank of China president Chen Muhua said on Thursday. She said China's reserves totalled US$ll.2 billion in March, compared with $14.4 billion at the endAP - 165 words
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MONEY AND EXCHANGES
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Article858 1985-10-12 5 SINGAPORE The US dollar weakened against most major currencies in thin late trading yesterday after hovering around the morning's steady levels for most of the day. The dollar fell to a late 2.6465/80 marks from an early 2.6580/90 and compared with New York's 2.6580/95 close, and to 214.70/90858 words
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Article257 1985-10-12 5 Interbank rates at 3pm yesterday: Currencies Nominal rate* Smithsonian Bid Offer cross parity change Local dollars to one unit of foreign currency: US dollar 2 1460 2 1470 ***** -23 89 Sterling pound 3 0247 ***** 7 3469 -58 83 Australian dollar 1 5107 1 5136 3 4286257 words
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Article118 1985-10-12 5 THE OVERNIGHT rate on the Singapore interbank money market rose by point from Thursday to close at 6 per cent yesterday. The term rates rose by point each across the board. S$ Interbank rates at 3pm yesterday: OHer Bid Over ntght 6 5 3/4 1 -month 5 7/8118 words
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Article, Illustration401 1985-10-12 5 Asian market ASIAN dollar deposit rates closed steady at opening levels in quiet trading yesterday. Dealers said news of a larger-than-expected US$5.3 billion increase in US M-l money supply had little impact as the figures had been distorted due to the hurricane last week. News in the morning that the401 words
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Article51 1985-10-12 5 RESULTS OF TENDER held on Oct 11 for 91-day Treasury bills to be issued from Oct 14 to Oct 18. Offered: $90,000,000. AppUed for: $232,380,000. Allotted: $90,000,000. Accepted bids: $99.26 approximately 76 per cent; higher bids in full. Average rate of discount on allotment: 2.960 per cent per51 words
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Article413 1985-10-12 5 BA Futures IN SPITE OF the larger-than-expected increase in money supply, Ear«4*Uar futures opened slightly lower yesterday on the Simex but trade higher on news of the US Senate approval of an increase in the debt ceiling and intention to cut the huge budget deficits. After the opening atBA Futures - 413 words
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Article277 1985-10-12 5 HONGKONG: The metal closed virtually unchanged in very quiet and featureless trading yesterday in the absence of fresh factors. Bullion price ended at U*****.60/326.00 an ounce compared with New York's $325.60 326.10 close and the previous $325.50/90 finish here. On the local market, gold closed unchanged at HK53,025 a277 words
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Page 5 Advertisements
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Advertisement221 1985-10-12 5 Why do people sometimes read teirnonoo3 sHT from back to front? The answer is perfectly straightforward. On the last two pages of The Economist, you'll find our Economic and Financial Indicators. Succinct reviews, tables and charts that show quickly where the world economy stands. Plus a sharp focus on current221 words
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TIME – OFF
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Article489 1985-10-12 6 SINGAPORE IS INTO instant dough. No quarrel with that, we're all in favour of immediate money. But hold on, this is the sort that bread is made of. Interesting semantic point that dough in American means cash as does bread in English. Readers of BT will489 words
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Article, Illustration728 1985-10-12 6 JEFFREY TSANG - By JEFFREY TSANG THE SOFT FLUTTER of butterfly wings could be heard distinctly as the flute weaved its little tune in the Badinerie of Bach's Second Orchestral Suite. Merrily, the flute continued to play as we picked up speed. Just a whisper of728 words
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Article1140 1985-10-12 6 What's on from Oct 12-18 wmmmĔĔm W CONCERT: 880 and Valary Kaatalsky. Victoria Concert Hall. 8.15pm. Tickets: $4, $7, $10, $15. Russian pianist, Kastelsky, is a pupil of famous Soviet musician, Professor Guenrikh Neygauz Programme: Siegfried IdyH (Wagner), Concerto for piano and orchestra, No 2 in A (Liszt) and1,140 words
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Article, Illustration170 1985-10-12 6 WOLFGANG PETERSEN wanted to became a director when he left the university In Hamburg with his qualifications In his packet. FaUawlng up that intention, Petersen enrolled as an actor in a drama school for three years in IM6. His ambition still an wavering, be went170 words
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Article250 1985-10-12 6 A READER, who said his passion was to look out for bits and pieces of oddities, sent us a list of titles from the SAF Reservist Association's library. He wrote in a covering note: "At the top of page 2, you will note that the librarian250 words
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Page 6 Miscellaneous
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Miscellaneous775 1985-10-12 6 a CRYPTIC PUZZLE ACROSS 9 Give a hand and be Introduced to the wife (8) 10 Regard, you say, as a big attraction for holidaymakers (3) 1 Does go for tea? (6) 12 Pays for rises (6) 13 For which one wears white a little lumper (7) 14 Without onother775 words
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SPORTS
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272 1985-10-12 7 Reuter BRITAIN'S Mike McLean, whose only professional victory came in the world under-25s championship in 1983, took the firstround lead in the Cannes Open golf championship on Wednesday with a five-below-par 67. McLean was a stroke ahead of two more Britons, StephenReuter - 272 words
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259 1985-10-12 7 UPI THE NO 2 SEEDED United States edged Argentina 2-1 and third-seeded Australia rolled over Italy on Thursday to move into the semi-finals of the Federation Cup Women's Team tennis tournament. Britain, seeded No 7, eliminated Japan 2-1 in a darknesspostponedUPI - 259 words
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Article, Illustration150 1985-10-12 7 AFP IVAN LENDL showed that his victory over John McEnroe in the US Open was no fluke when he beat the New Yorker again to win the U*****,000 East Rutherford exhibition tournament on Wednesday. Czechoslovakia's world number one wrapped up the match 7-5, 6-4 in 98AFP - 150 words
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237 1985-10-12 7 A SPECIALLY MINTED coin series for the 1988 Winter Olympics which made its debut in Singapore yesterday will benefit the Singapore National Olympic Council's funds. Said Mr Murray Church, the director of communications of the Royal Canadian Mint: "The revenue from the237 words
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Article, Illustration608 1985-10-12 7 BRIAN MILLER - By BRIAN MILLER WITH FIVE MOUNTS In today's eight-race card, S Y Leong looks like being the jockey to follow in Kuala Lumpur this afternoon and, barring any spectacular upsets, he should come through with a double. Leong's best chance appears to be in the608 words
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80 1985-10-12 7 Reuter TEXAS-BASED Australian David Graham grabbed eight birdies in a six-under-par 66 to share the lead with compatriot Ken Dukes after the first round of the Queensland Open golf championship on Wednesday. Dukes nearly went into the second round with the outright leadReuter - 80 words
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Article235 1985-10-12 7 WALTON MORAIS - By WALTON MORAIS LENNY KASSIM will be a happy man indeed if, after today's second round of the Warren club championship, his lead is still secure. For the 10-handicapper, who opened a three-stroke lead on the field after last week's first round, is a surprise leader.235 words
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Page 7 Advertisements
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Advertisement202 1985-10-12 7 SINGAPORE y a subscription offer you can't refuse a chance to win fabulous prizes When you place your subscription order, you get to participate in a Lucky Draw Ist Prize: A Christian Dior latest "Montaigne Collection' Watch in 18K gold electro plated, grey sapphire crystal, water resistance up to 30m.202 words
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Page 7 Miscellaneous
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Miscellaneous1149 1985-10-12 7 w mm CENTRESTAQE Hollywood Television Theatre The Hemingway Play 11.00pm, Channel 12 In a Madrid restaurant, four men representing different stages in Ernest Hemingway's life and career gather: a young journalist, a writer on the verge of success, a writer in his fifties, and Papa looking back. Robert Carricart, Miriam1,149 words
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Miscellaneous11 1985-10-12 7 BriStcW-F»nK DicfceaS I JUST UPvPFe>l£D to fee. PASSING PND I UOfJD€JR£D11 words
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INTERNATIONAL STOCKS
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Article152 1985-10-12 8 Reuter AMERICA'S major retailers wrapped disappointing September sales gains in a cloak of weather-related problems, but analysts say the lacklustre economy is once again to blame and they do not expect much change till the end of the year. The major retailers' 4 per centReuter - 152 words
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108 1985-10-12 8 Reuter FORD MOTOR CO has completed a long-ru-moured deal to buy the Sperry New Holland agricultural machinery business from Sperry Corp for US$33O million to expand its own farm equipment operation. Ford chairman Donald Petersen said Sperry New Holland would be added to Ford Tractor,Reuter - 108 words
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Article101 1985-10-12 8 HONGKONG Thursday 1496 4 Hong Seng Index Week ago 1468 1 Friday 1583.55 NEW YORK Thursday 1589.13 Week ago 1587 44 Dow Jones Thursday 1328.07 TOKYO Wednesday 1326.72 Tokyo Nikkei Friday *****.92 Week ago 1333.11 Standard Poors Thursday Closed Thursday 182.78 Week ago *****.83 Wednesday 182.52 TSE Index101 words
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314 1985-10-12 8 Reuter THE NEW YORK stock market finished slightly higher in quiet trading on Wall Street on Thursday marked by indecision. Analysts said investors were taking a cautious stance in view of corporate earnings reports expected over the next few weeks. The Dow Jones Industrial AverageReuter - 314 words
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Article100 1985-10-12 8 OCT 10 C$ Hud Boy M*i 6* 50 -K Abitto 20'* unch Inco 15** 42 33 15* 18* unch 15 19** 29** 3** Bonk Novo Scotio 12*4 40* unch -hk Mc BkxJel 19* 17* •f 1H BP Con Ltd 30 1* 24'* 32* 36 141* 16 13** unch 34**100 words
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Article283 1985-10-12 8 Managers' prices MARA-Bumiputra for Oct 12 14 First B'putra 5 15 5 20 Singapore Unit Trust Second B'putra Third B'putra 4 76 4 81 3 84 3 89 4 20 4 25 281 286 2 77 2 82 1 83 1 88 3 85 3 90 3 44283 words
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Article649 1985-10-12 8 OCT 10 USS 24% Akoo A*«gh«ny Lud AWd Cham Cp Afcad StOT«* Afcs-Chalmers Am Brands Inc Am Broodcost Am Can Co Am Cyonomid Am Elec Pwr Am Express Am Home Prod Am Motor* Cp Am Nah*al Go* Am Tel Tel Amoi h* Amerodo H«v» AMF Inc Amr Co«p649 words
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Article894 1985-10-12 8 Amsterdam OCT 10 Fh ABN 486 00 -OS 9300 -I Ahold 253 60 +1.1 Afcio 118 80 LTX* AMf V 6890 -06 37 SO -0 7 Boh Botkoto Bkm Tat 99 50 *2 Catand 442 00 +4 Oak Ehamar 134 SO >07 53 20 -08 Fakkar 7030 >1894 words
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Page 8 Advertisements
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Advertisement553 1985-10-12 8 p ~W:-jaX J* Qsm *\Wm SBb T, i rr~ m r, I 1$ iF.fi ,>- The Szechuan Experience with the Meisan Difference V Savour the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting blend of flawurs. And discover IS MEISAN At the Meisan ml SZECMUAN BESTAUIiANT nl lllC553 words
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Advertisement137 1985-10-12 8 London Stocks, Back Pago /B. 4 K [V -<f l^ryTiff! Lowwgp Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet. Body N Soul from the Philippines. They'll captivate you! Happy Hours: spm 7pm, 50**> off all137 words
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ASIAN STOCKS
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Article389 1985-10-12 9 HONGKONG: Share prices closed slightly lower in fairly quiet and featureless trading yesterday due to a lack of fresh factors. The Hang Seng index finished 5.58 points lower at 1,583.55 after it rose 3.29 at the mid-morning fix. China Light eased 10 HK cents to HK515.90, HK Bank five389 words
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Article239 1985-10-12 9 OCT 11 MT Lien Hwa Indus 1225 24 00 -02 -03 Al Sneer* Indus Ana Cement 283 1880 unch -0.1 Pacific Cons Pacific Elect 14 55 12 95 -02 -0 1 Cathoy Com Chang Hwa Bank Chen Looog CNa Hs»> Cement Ovna Chem China Dev CNno Elect Wee China239 words
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Article375 1985-10-12 9 TOKYO: Share prices rose for the sixth consecutive trading day yesterday with blue chips surging ahead in the afternoon to drive the market average above the 12,900 mark for the first time in three months. The average jumped 92.72 to 12,949.92 on a turnover of 370 million shares against375 words
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Article96 1985-10-12 9 MANILA: Share prices closed generally unchanged in quiet trading yesterday. The Commercial and Industrial index rose 2.66 to 172.68 while the mining and oil markers remained unchanged at 678.96 and 0.779, respectively. Apex Mining B rose to 0.0085 from 0.006 and PLDT to 36.50 from 36. Lepanto B fell96 words
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Article374 1985-10-12 9 SYDNEY: Australian sharemarkets yesterday closed slightly easier in trading marked by profit-taking in the resource sector and sharp gains in selected industrials. Near the close, the All Ordinar- ies index eased 1.6 points to 1033.5, although the All Industrials firmed 4.9 to 1501.3. The All Resources lost 6.3 to374 words
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Article141 1985-10-12 9 BANGKOK: Stocks rose for the second consecutive day but trading remained subdued. The Book Club index rose 0.63 points to 131.44 and turnover increased to 65,231 shares worth 13.5 million baht from Thursday's 55,556 shares worth 9.7 million baht. Advances led declines by a three-one margin. OCT 11 •ehts141 words
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Article96 1985-10-12 9 OCT 11 Won 720 -2 Hyundai Const Hyundai Motor ML 910 916 479 unch -2 -1 Choheung Bfc Commercial Bk Doekm Ind Doe woo Corp 707 740 565 480 unch -5 •19 5 Korea Fnl Yuk ona Korea SNp Lucky Ltd 742 1341 431 612 unch +6 -4 unch96 words
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Article58 1985-10-12 9 Bernama THE ASIAN Development Bank (ADB) is to purchase 10 per cent of the shares of a newly-formed steel company in Jakarta. It will be the ADB's first direct equity participation in a productive enterprise in a developing country. The company is P T KramatamaBernama - 58 words
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294 1985-10-12 9 Reuter THE AMERICAN government will help the domestic semiconductor industry fight unfair foreign trade practices by Japan and other countries. "Our semiconductor industry is a highly competitive, internationally efficient, high technology industry which is facing stiff and arguably unfair foreign competition. "The president's tradeReuter - 294 words
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161 1985-10-12 9 Reuter PHILIP MORRIS Co Inc will make an unconditional cash bid of Asll a share ex-dividend for the 21 per cent of Philip Morris (Australia) it does not already hold, the target company said. The offer price compares with Thursday's closing market priceReuter - 161 words
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Article121 1985-10-12 9 AFP SHANGHAI is to build laboratories and pilot production lines to develop new technologies, including fibre optics, genetic engineering and bio-technologies. Vice-Mayor Liu Zhenyuan said yesterday that projects of strategic importance included the development of facilities to produce the Hepatitis B vaccine, diagnostic biological agents, organic polymericAFP - 121 words
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139 1985-10-12 9 UPI TWO OF JAPAN'S leading marine electronic equipment companies Furuno Electric Company of Wishiwommiya and the Sewa Company of Tokyo have signed agreements for the use of the Decca navigator system. A spokesman for Racal said on Thursday that the new agreements provideUPI - 139 words
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Page 9 Advertisements
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Advertisement615 1985-10-12 9 Wftere to wine, iiae aM mietMa Harbour Grill firl \v Nightly to an ambience of quiet elegance, our chefs tempt and surprise with the ultimate gourmet adventure. Cuisine en Evolution. The Harbour Grill. The experience is Distinctively Hilton in Style. MUION MfHVMTKWMfa SINGAPORE For delightful dinners with popular focal flavours.615 words
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Advertisement171 1985-10-12 9 Lets booze to the music IPPINES f HAPPY HOURS: spm 7pm dally It's a real happy time! Just buy a drink and gat the second FREE. Live entertainment too! Hot rock or favourite contemporaries, this popular all-girta, Six Angela Band, plays and ainga right into your heart. Bringa you into171 words
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SHARE INFORMATION
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Article, Illustration4461 1985-10-12 10 IT WAS a rather uneventful day on the Singapore stock market yesterday. A few speculative issues climbed higher, but the rest of the market just languished. Volume was much lighter than before. The Straits Times Industrial Index fell 4.16 points to 757.15, while the4,461 words
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Article295 1985-10-12 10 SINGAPORE Rises Indices j 60 Oct 10 Oct 11 T Harbour 590 8T Composite 659 76 656 57 LtMSO« 247 21 6T Indicator *****42 *****25 U M Flow 925 15 BT OB OS 255 310 Sim Lot Fm one* 195 15 BT CADI -5250 5317 ICS 374295 words
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Article4423 1985-10-12 10 BID and otter prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".4,423 words
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Page 10 Advertisements
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Advertisement20 1985-10-12 10 KL market report, Business done on the KLSE See page 11 Selected Indices and Unit Trust tables, See page 820 words
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COMPANY NEWS
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Article, Illustration215 1985-10-12 11 n? By HOCK LOCK SIEW SURPRISING as it may seem, the charts of cement-related companies are now flashing important signals which could spell a major trend reversal. But the more noteworthy chart patterns in this grouping, quite understandably, belong to Malaysian-based issues such as Malayan CementBy HOCK LOCK SIEW - 215 words
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Article3405 1985-10-12 11 BID and otter prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of, 1,000 units unless otherwise specified. Industrials A Choc (3.025) (28) 3 00 (5) 2 983,405 words
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260 1985-10-12 11 HOMER CHEN - By HOMER CHEN A NEED to investigate certain allegations about past transactions by Pahang Investments PLC is being blamed by the company for the delay in the issue of its 1984 annual report. The tin-mining company has not filed an annual report260 words
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469 1985-10-12 11 CHAN OI CHEE - By CHAN OI CHEE IN SPITE OF all the controversy surrounding its takeover of marine company Van der Horst, Malaya Tin Printing has finally won the day. It has managed to secure more than 50 per cent or majority control of469 words
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484 1985-10-12 11 AMY CHEOK - By AMY CHEOK THE POSSIBILITY of an amicable out-of-court settlement to the dispute over last week's sale of shares in Allied Chocolate Industries Ltd has risen, with both sides apparently prepared to begin talks. Malaysian-based Chocolate Products, the vendors of the shares in dispute,484 words
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548 1985-10-12 11 SHARE PRICES finished on an easier note on the Kuala Lumpur stock market yesterday as late prof-it-taking trimmed the gains of selected counters at the close of trading. However, hot favourites, which were actively traded, bucked the trend and posted impressive gains. The overall548 words
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Article247 1985-10-12 11 BENTA PLANTATIONS Berhad: 63rd AGM at the Negara Room, the Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur on Tuesday, Oct 15, at 10 am. ROTHMANS INDUSTRIES Limited: 6th AGM at Virginia Park, 906 Bukit Timah Road, Singapore 2158 on Tuesday, Oct 15, at noon. TRACTORS MALAYSIA Holdings247 words
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Page 11 Advertisements
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Advertisement238 1985-10-12 11 NOTICE NOTICE IS HEREBY GIVEN that, I Soh Cheng Siong of Blk 65 Telok Blangah Drive #09-160 Singapore 0410 have applied for a First Class Beer House licence in respect of premises at M/s Hai San Yuan Eating House, Blk 271 Bt Batok East Ave 4 #01-160 Singapore 2365 and238 words
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Advertisement282 1985-10-12 11 NOTICES Li The Matter Of IV Caiapadkea Act, Cap. 185 Ami la The Matter Of UNTVAN REALTY (SINGAPORE) PTE. LTD. (la Yaltatary UqaMattaa) At an Extraordinary General Meeting of the Company duly convened and held at 10th Floor, Kam Chung Building, 54 Jaffe Road, Wanchai, Hong Kong, on the 2nd282 words
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Advertisement263 1985-10-12 11 Ia the Matter tt IV Ctmpuk* Act, Cap. 186. Ami la the Matter af VELDAPO IMPEX PTE. LTD. At an extraordinary General Meeting of VELDAPO IMPEX PTE. LTD., duly convened and held at 100, Jalan Sultan, #08-07, Sultan Plaza. Singapore 0719 on Ist October, 1985. the Special Resolution set out263 words
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Advertisement289 1985-10-12 11 IN THE MATTES OP THE COMPANIES ACT CAP. Itt BEHRING INTERNATIONAL P&EIGHT PTE LTD (IN MEMBEBS VOLUNTABY LIQUIDATION) At an Extraordinary General Meeting of the company deemed to have been held pursuant to S. 179(6) of the Companies Act on the 9th day of October, 1985 the following special resolution289 words
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438 1985-10-12 12 FLORENCE CHONG - By FLORENCE CHONG UP TO 15 ASIAN students could be facing deportation from Australia for non-payment of fees. The students, believed to be mostly Malaysians, are resisting deportation orders. They demonstrated and held protest sit-ins to highlight their plight. About 80 students demonstrated in Sydney438 words
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712 1985-10-12 12 MANO SABNANI - By MANO SABNANI THE QUESTION and answer session that followed Prime Minister Lee Kuan Yew's talk to the National Press Club (NPC) in Washington on Thursday was brilliantly handled. Mr Lee kept the audience comprising prominent journalists, diplomats and government officials enraptured712 words
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372 1985-10-12 12 PRIME MINISTER Lee Kuan Yew has every confidence that the US will eventually tear down trade walls erected by countries such as Japan. "The US has not failed so far," he told reporters at a question and answer session after his speech372 words
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Article, Illustration338 1985-10-12 12 ASIAN NATIONS yesterday expressed regrets over the House of Representatives' passage of a bill to limit textile imports, but noted with hopeful anticipation that the measure had failed to pass with the two-thirds majority needed to override a presidential veto. Japanese Cabinet Secretary Takao Fujinami338 words
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213 1985-10-12 12 AN ATTRACTIVE financial offer has helped a Singapore-Jap-anese joint venture clinch two contracts worth $227.1 million for civil construction work under phase two of the Mass Rapid Transit (MRT) system. By agreeing to provide deferred credit and the right contract price, Nishimatsu/Lum Chang213 words
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645 1985-10-12 12 ALVIN TAY - By ALVIN TAY DIRECTORS AND EMPLOYEES of the Singapore Airlines group with unpaid staff shares worth about $110 million will have to use DBS Bank as the official financier as they settle the balance prior to the company's public issue. At one645 words
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105 1985-10-12 12 Reuter HONGKONG businessman John Mao has been sentenced to three years jail for Hongkong's biggest financial fraud which led to the collapse of the Malaysiancontrolled Hang Lung Bank two years ago. Mr Mao, 39, is one of several men charged with conspiracy to defraudReuter - 105 words
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306 1985-10-12 12 SINGAPOREANS must decide what price they are prepared to pay for economic progress, said Brigadier-General (Res) Lee Hsien Loong, Minister of State (Defence and Trade and Industry), last night. The price for progress adjustments, dislocation and the risk that people will306 words
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Article93 1985-10-12 12 Reuter COMEX GOLD FUTURES edged up yesterday morning on small short-covering. In thin dealings, gold for December delivery made a high of U*****.60 an ounce before backtracking to 1329.30, with a net gain of $0.20. Analysts said gold was also tracking the dollar, which trad- EdReuter - 93 words
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Article55 1985-10-12 12 THE NEW YORK stock market edged higher in early trading yesterday, continuing a slow motion advance for the fourth day. The Dow Jones Industrial Average was up a fraction to 1328 while broader indicators also pointed higher and advances and declines were about even. Early turnover amounted55 words
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Article1005 1985-10-12 12 Reuter SHARE PRICES closed yesterday firm after a quiet session on new time buying prompted by hopes of lower UK inflation, dealers said. At 1430 GMT, the FTSE 100 was up 6.1 at 1,320.2, while at 1400 GMT, the FT 30 was up 6.9 at 1,024.7, close toReuter - 1,005 words
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LATE FILE
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Article68 1985-10-12 12 AP THE NORWEGIAN Nobel committee announced yesterday it was giving the 1985 Nobel peace prize to the International Physicians for the Prevention of Nuclear War, calling the surprise award a message to the world's super-powers. The five-year-old organisation of 145,000 doctors and health officials inAP - 68 words
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Article37 1985-10-12 12 AFP THE NEXT seven-nation Western summit conference, the 12th of its kind since it started in 1975, will take place in Tokyo from May 4 to 6, it was officially announced yesterday. AFPAFP - 37 words
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Article54 1985-10-12 12 Reuter US PRODUCER prices fell 0.6 per cent last month, the largest decline in more than two and a half years, following a 0.3 per cent drop in August. The US Labour Department said yesterday that wholesale prices so far this year had fallen one-tenthReuter - 54 words
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Article59 1985-10-12 12 AP PRIME MINISTER Rajiv Gandhi of India said in an interview published yesterday that even if Pakistan developed a nuclear weapon, it might not be necessary for India to follow suit. "We have lived with the Chinese (nuclear) weapon and not developed one, so there isAP - 59 words
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Article38 1985-10-12 12 AP JAPAN AIR LINES has suffered a 22 per cent drop in domestic passenger volume, possibly cutting into annual revenues as the company struggles to regain public confidence after a disastrous crash. APAP - 38 words
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Article50 1985-10-12 12 Reuter THREE MEMBERS of Asean plan to propose a joint commission with Vietnam to seek peace in Cambodia. Indonesian Foreign Minister Mokhtar Kusumaatmadja said yesterday a working group to discuss the Cambodian issue could be formed by expanding existing diplomatic ties between Jakarta and Hanoi. ReuterReuter - 50 words
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Article35 1985-10-12 12 Reuter CHINA said yesterday the first meeting in Beijing in more than 20 years of representatives of the Chinese and Soviet parliaments reflected the improved relations between the two nations.Reuter - 35 words
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Page 12 Advertisements
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Advertisement8 1985-10-12 12 House vote* to roll beck imports, Pege 48 words
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Advertisement106 1985-10-12 12 BUY MALAYSIAN INTRODUCING/MALAYSIA'S SPECIAL 3 LAYERS PARTICLEBOARD WHICH HAS ACHIEVED INTERNATIONAL STANDARD PAHANCO PARTICLEBOARD Solve the problems of local FURNITURE MANUFACTURERS of importing quality boards from overseas. Our boards have achieved smoother surface, even thicknesses, consistency of board properties in compactness, bending and screw holding. With our quality boards, manufacturers106 words
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Page 12 Miscellaneous
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Miscellaneous56 1985-10-12 12 Outlook for today: Cloudy with showers over several areas from mid-morning to afternoon. Report for 24 hours prior to 7 30pm on Oct 11 at th« airport: Maximum temperature 30.9 Associated humidity 71 Minimum temperature 24.0 Associated humidity 94 Hours of sunshine 1.50 Roinfall in millimetres 5.1 Rainfall this month56 words
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