The Business Times, 19 October 1985
1985-10-19
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The Business Times
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Title Section12 1985-10-19 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, OCTOBER 11, 1985 75 CENTS12 words
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Article, Illustration282 1985-10-19 1 THE POLICE yesterday arrested Francis Siah, the managing director of troubled Lamipak Industries Pte Ltd, for alleged cheating. Mr Siah was charged under Section 420 of the penal code. This says: "Whoever cheats and thereby dishonestly induces the person deceived to deliver any property282 words
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Article, Illustration745 1985-10-19 1 HOCK LOCK SIEW - By HOCK LOCK SIEW SOME SOUGHT immortality and some were only after the brandy. Others simply like competitions. Whatever the reason, a flattering number of you applied your minds to finding a suitable name for the planned new market for small745 words
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Article461 1985-10-19 1 CHUANG PECK MING - Singapore females have flair for banking, says survey By CHUANG PECK MING SINGAPORE WOMEN seem to have a knack for handling money other people's money. Or, there are not enough men to do the job. In the world of finance, more women in Singapore have461 words
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405 1985-10-19 1 THREE SUITS for claims totalling $3.46 million have been filed against Kia Mui Co, of which Francis Siah, the managing director of Lamipak Industries Pte Ltd, is a partner. Kia Mui Co is a wholesale trader of plastic bags and405 words
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Article, Illustration445 1985-10-19 1 IN A RARE DISPLAY of power, the Singapore stock market advanced strongly yesterday, backed by renewed investor confidence amid a heavy institutional presence. Blue-chip and quality issues were in focus, almost to the total exclusion of speculative second and third liners many of445 words
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375 1985-10-19 1 THE APPOINTMENT of the Mass Rapid Transit Corporation as a collecting agent for the Inland Revenue Department is causing concern among Japanese contractors. Some have called a meeting with the IRD to discuss the MRTC's collection of taxes on progress payments. An official375 words
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109 1985-10-19 1 AP CAN THERE BE a better chocolate? Genetic engineers and scientists gathered in State College, Pennsylvania, yesterday for a "cacao biotechnology" conference to discuss ways to improve what is claimed to be the world's best-loved flavour. Cacao is the bean from which cocoaAP - 109 words
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Page 1 Advertisements
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Advertisement95 1985-10-19 1 ClflSlflTEHM Southeast Asia s 3rd International Exhibition of Textile Garment Machinery and Fabrics Trade 24 -27 May 1986 W.T.C. Singapore INTERFAMA EXHIBITIONS PTE LTD Bulkier Cenfre 10 03 0f> V Marine Para<1e Central 1 b44 Tel *****00 Tele* HS ***** iNf AMA IGolf Club r Yamaha s Carbon Composite clubs95 words
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Advertisement279 1985-10-19 1 mm SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS SHIPS IN PORT OUR VIEW A GOOD CHRISTIAN LADY in the US has founded a compony with the unlikely title of Heavenly Dolls Inc. Is it a mere commercial exploitation of the Christmas festival or will Baby Jesus dolls help instil into279 words
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Advertisement106 1985-10-19 1 I| v I INTERNATIONAL LEISURE MART •J-J The Fair For Wholesome Pursuits Playing... Living... Learning 21-24June 1986 W.T.C. Singapore Asian Stocks, Pags 9 Int'l Stocks, Page 8 At Banquelndosuez, we turn challenges into opportunities. We have applied our expertise in Treasury, Foreign Exchange and Capital Markets and have designed new106 words
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HOME NEWS
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Article, Illustration439 1985-10-19 2 RICHARD SEAH - By RICHARD SEAH HOPE FOR SOME retrenched workers has come in the form of a new scheme started by Singapore's biggest trade union to sponsor them for approved training courses. Recognising that retrenched workers often find themselves in a fix they need439 words
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310 1985-10-19 2 KEPPEL SHIPYARD and its house union have also given their support to the proposal for yearly wage talks in their latest wage agreement. The agreement, concluded two days ago after five meetings, will come into effect next January and is valid for two310 words
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Article133 1985-10-19 2 THE SINGAPORE Fire Service will be conducting a three-day basic course in underground fire-fighting and rescue operations for MRT contract workers from Oct 29 to 31About 20 workers have registered for the course. The course the first of its kind is being conducted in response133 words
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Article, Illustration205 1985-10-19 2 SINGAPORE FASHIONS were a hit at last month's Paris Spring/Summer show of off-the-peg clothes, generating orders of 12.96 million. The 10 participating companies are also negotiating a further $3.27 million of orders. They include four first-timers Mims, Estabelle Fashions, Allan Chai Fashion Design205 words
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Article101 1985-10-19 2 TAKE A SUNDAY morning stroll for a cause. A group of public accountants and auditors have invited their clients, families and friends to join them in a charity walk tomorrow morning to raise money for the Community Chest of Singapore. Coopers and Lybrand's Sports Club101 words
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117 1985-10-19 2 A BRITISH TRADE MISSION to Singapore last year clinched total sales of more than $1.5 million. The Cardiff Chamber of Commerce and Industry hopes that sales by its trade missions will go up to $10.6 million over the next two years. The117 words
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334 1985-10-19 2 ARGUMENTS that the United Nations has lost its role were refuted yesterday by Foreign Minister S Dhanabalan. In spite of its apparent failure to prevent wars, he said, the organisation was still an effective platform through which small countries could garner support and334 words
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221 1985-10-19 2 THE CURRENT downturn in the local economy is not likely to have any adverse effects on the Republic's high savings rate, says Dr Hank Lim of the National University of Singapore. Dr Lim, a senior lecturer of the NUS Department of Economics and221 words
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Article98 1985-10-19 2 THE SINGAPORE branch of the Incorporated Society of Valuers Auctioneers (ISVA) is to organise a two-day conference on investing in overseas property from Nov 28. To be held at the Marco Polo Hotel, the conference will cover subjects such as syndicated investments, property trusts, lease financing,98 words
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Article, Illustration457 1985-10-19 2 MONICA GWEE - By MONICA GWEE PEOPLE WHO THINK businesses exist just for making profits should think again. "The primary objective of business should be to create a customer as you cannot make a profit without one," reminded Mr Robert Roberts, the director of457 words
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Article750 1985-10-19 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Arrow King K12 Bakke Sime alongside 19.10.85/2300 Beloit K25W SSPL alongside 19.10.85/1500 Golden Wonder K33 Guon Guan alongside 19.10.85/0600 Hoti Senong K28 Kie Gwan alongside 19.10.85/0600 No 7 Donom K21 NAPL alongside 19.10.85/1500 S'ver Shinryu K34 Sunship750 words
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Page 2 Advertisements
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Advertisement33 1985-10-19 2 I 00 p.m. 2 00" a m. Live-Band Music <: Non-Stop Dancing Charming Hostesses -ti Gracious Service /> ■o^' Off ice NiU'-Club <&' Lounge* 1. Claymore Drive. #02-11 Orchard Tower (Rear Block) Singapore 0923 Tel *****2633 words
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OVERSEAS
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277 1985-10-19 3 AP COMMONWEALTH leaders have accepted an Indian proposal to frame a declaration on bolstering world order through a stronger United Nations. Indian Prime Minister Rajiv Gandhi introduced the proposal at Thursday's first closed-door session of the week-long summit. He said later that the declaration wouldAP - 277 words
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169 1985-10-19 3 AFP INDIA HAS REJECTED a renewed plea from Sri Lankan separatist Tamils for a military intervention on the island nation. In a dispatch from Madras, the Press Trust of India on Thursday quoted Tamil sources as saying that Internal Security Minister Arun NehruAFP - 169 words
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Article779 1985-10-19 3 ARRIVALS Operator Service Local From number time PAA PA21/5 0020 LAX/TYO/HKG UTA UT3589 0025 NOU SV SV379 0115 SEL CAL CI333 0130 TPE SIA SQ41 0535 MAA MK MK746 0755 MRU CV CV796 0815 LUX/DXB MAS MH681 0820 KUL KAL KE624 0840 KUL MAS MH603 0905 KUL779 words
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229 1985-10-19 3 AFP THE WESTERN AUSTRALIAN government has accused a French government-owned company of trying to sabotage a multi-million dollar rareearth project in the state. The Rhone Poulenc company had used "quite thuggish" tactics, threatening to slash prices and flood the market in a bid toAFP - 229 words
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145 1985-10-19 3 Reuter AUSTRALIA has agreed to take more refugees from camps in Hongkong and the Philippines this year to help clear them of people who have stayed there for a long time, the government said. Australia, which has accepted about 90,000 Indochinese refugees since the endReuter - 145 words
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198 1985-10-19 3 AFP THE AFGHAN regime on Thursday claimed that US journalist Charles Thornton, who died in an ambush in Kandahar province last month, was a Central Intelligence Agency operative involved in training rebels in the use of ground-to-ground and ground-to-air missiles, Radio KabulAFP - 198 words
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213 1985-10-19 3 Bernama THE US HAS GIVEN the Royal Malaysian Air Force (RMAF) a "double jump" in the priority ratings for the supply of aircraft spare parts. Deputy Defence Minister Datuk Abang Abu Bakar Mustapha said on Thursday that Malaysia thus joined theBernama - 213 words
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Article68 1985-10-19 3 UPI THE INTERNATIONAL Committee of the Red Cross (ICRC) on Thursday announced a "red telephone" emergency service for journalists on dangerous assignments. The agency said editors worldwide can call on a 24-hour basis ICRC headquarters in Geneva if a reporter becomes missing, is kidnapped or isUPI - 68 words
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Article, Illustration388 1985-10-19 3 UPI US VICE-PRESIDENT George Bush assured a group of Chi-na-based American business representatives yesterday that Washington is pushing to conclude a bilateral investment treaty with Beijing that has some teeth in it. Bush, concluding a six-day China visit that began on Sunday in Beijing,UPI - 388 words
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269 1985-10-19 3 AFP PACIFICO CASTRO, the acting Foreign Minister of the Philippines, on Thursday denied reports in Washington that his country was becoming a second Iran. US leaders quoted by the Washington press had expressed that fear, but Mr Castro told a press conference thatAFP - 269 words
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WORLD IN BRIEF
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Article58 1985-10-19 3 BRITAIN'S highest court of appeal has rejected a demand that doctors be forbidden to prescribe the contraceptive pill to girls under the age of 16. The House of Lords ruled yesterday that in "exceptional circumstances" doctors might prescribe an oral contraceptive for teenage girls under 16,58 words
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Article63 1985-10-19 3 THE KIDNAPPED daughter of Salvadoran President Napoleon Duarte, seized by antigovernment rebels last month, is to be released sometime after tomorrow in exchange for 22 political prisoners. Communications Minister Julio Rey Prendes said yesterday that the agreement to release Ines Guadalupe Duarte and a friend captured63 words
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Article43 1985-10-19 3 THE UN General Assembly yesterday elected five new non-permanent members, all from the Third World, to the Security Council. The five to take their seats on Jan 1, for a two-year mandate, are Bulgaria, Congo, Ghana, United Arab Emirates and Venezuela.43 words
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Article44 1985-10-19 3 JAPANESE foreign ministry officials yesterday denied allegations that the police had tapped the telephones of Filipino diplomats in Tokyo to crack a gun smuggling case. The Philippine ambassador to Japan, Carlos Valdez, had alleged that police had tapped embassy telephones.44 words
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Article52 1985-10-19 3 RUMANIA has sacked two government ministers and declared a state of emergency in the electrical power industry because of serious shortcomings in electricity production. Radio Bucharest, monitored in London by the BBC, said Deputy Prime Minister lon Avram and Electric Power Minister Nicolae Busui had been relieved of52 words
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Article35 1985-10-19 3 A MAN who was to lose his job with Esso-Austria shot and killed the company's manag- ing director and the personnel manager on Thursday, and then committed suicide, said police in Vienna.35 words
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Article65 1985-10-19 3 THE SON of a UN official in New York has been sentenced to a maximum of life in jail for the "sado-masochistic execution" of a Norwegian fashion student. Rockland County judge Robert Meehan yesterday ignored pleas for leniency and told convicted murderer Bernard le Geros: "I must65 words
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Article62 1985-10-19 3 Agencies THE US yesterday announced the second successful "Star Wars" test of America's ability O track rockets in space with ground-based, low-power lasers. The Oct 10 test involved tracking a Terrier-Mal-emute rocket 640 km in space with two low-power laser beams from a US air force facilityAgencies - 62 words
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Article521 1985-10-19 4 Scheme presented as an alternative to protectionism AP OPPOSITION DEMOCRATS in the US House of Representatives on Thursday unveiled wide-rang-ing recommendations to close America's US$l5O billion trade deficit by cutting the value of the dollar and increasing exports. The plan, the product of six monthsAP - 521 words
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Article231 1985-10-19 4 UPI THE SOVIET UNION has issued a sweeping review of its arms control proposals and urged the US and other Western nations to end peacefully "the historical dispute between capitalism and socialism". An editorial in the Communist Party newspaper Pravda contained an unusually detailed account of SovietUPI - 231 words
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Article91 1985-10-19 4 AFP THE JAPANESE economy is continuing to expand but a segment of small enterprises has experienced a drop in export orders because of the recent rise in the value of the yen. Ippei Kaneko, the directorgeneral of the Economic Planning Agency, in announcing the monthly economicAFP - 91 words
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465 1985-10-19 4 Reuter UPI A LEADING representative of Japanese industry offered little hope on Thursday that recent measures to open up his country's markets and boost the value of the yen would cut Japan's huge trade surpluses with other major industrial nations inReuter; UPI - 465 words
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459 1985-10-19 4 AP THE SOVIET UNION, which mysteriously cut off most of its oil exports three weeks ago, has started to rebuild its petroleum shipments to the West, analysts and oil industry sources say. But the analysts also said Soviet oil exports are not expectedAP - 459 words
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Article209 1985-10-19 4 Reuter NON-COMMUNIST world de- i mand for Opec crude oil is likely 1 to dip to well below 15 million i barrels per day (bpd) in the < spring/summer period of 1906. Stockbroker Wood, Macken- i zie and Co said in its latest oilReuter - 209 words
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Page 3 Advertisements
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Advertisement8 1985-10-19 3 Ran Ant's New Clipper Class < Dailylo Das Angeles.8 words
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Advertisement128 1985-10-19 3 X v M iij :v Hi i m m~z VX^C «r RM& It I# JMlft •>■ I <• 4^^ t->:W "'i excellence ne Juration e unrivalled master V SS%^ authentic Szechuan cuisine Ifuily reproduced, auspicious occasion ilrefreshingiy cod and delicious of Meisan's specialty desserts, n from October 15 November 15.128 words
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RAW MATERIALS
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Article168 1985-10-19 4 SINGAPORE THE MARKET yesterday closed quietly lower with November One RSS buyers quoted at 161.50 cents per kilo, down 0.75 cents from Thursday. MALAYSIA Trading on the market was dull despite continued Chinese buying. Current November Int One RSS buyer closed unchanged from its overnight level of 185 cents168 words
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Article343 1985-10-19 4 RAS prices in S cents/kg, FOB m bole* NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 160 50 161 SON 160 00 161 00N Int 1 RSS Nov 85 ***** 162 50 161 50 ***** kit 1 RSS Dec 85 163 25 163 75 *****343 words
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Article114 1985-10-19 4 THE Malaysian crude palm oil market yesterday closed lower on renewed selling activity, after initially extending its gradual recovery. Dealers said sentiment was dampened by lower Chicago soyoil futures and India again passing on its weekly palm olein import tender on Thursday night. The refined palm oil market114 words
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Article150 1985-10-19 4 WHEAT FUTURES on Thursday closed on or near the highs, up 8 3 4 to SM US cents per bushel in improved trade on the Chicago Board of Trade. December settled at US$3.l4, its highest level since the start of harvest last July, posting a 7V« cent daily range.150 words
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Article147 1985-10-19 4 SOYBEAN FUTURES on Thursday closed on or near the highs on the Chicago Board of Trade, up to 5Vi cents per bushel with November settling at USss.o4'/« after posting a 4Vi US cent range. The lack of the expected follow through speculative selling after Wednesday's close below the key147 words
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Article109 1985-10-19 4 (cents/kg, 1-ton pallets) NOV 85 DEC 85 (current month) (forward month) RAS NOON NOON Buyers Seders Buyers Sellers SSR 20 152 50 154 50N 153 50 155 SON SSR 50 150 50 152 50N 151 50 153 SON MRELB Buyers Sellers Buyers Sellers SMR CV 212 50109 words
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Article148 1985-10-19 4 Chinese Produce Exchange (Sellers' noon closing prices on Oct 18 (SS/100 kg). Coconut oil Bulk FOB 75.00 Old drum FOB 88 00 New drum FOB 92.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gambier FOB NSW 440 00 479.00 356 00 330 00 Copra148 words
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Article290 1985-10-19 4 Singapore C-l Ord unq (S$/kilo, ex-godown) Loonzain Rice Fragrant new crop 100% 1st grode unq 1st 076 100% 2nd grade 215 2nd 0 54 100% 3rd grade unq 3rd New Crop 25% 10% 0 52 no stock no stock Parboiled Rice 5% 10% 215 210 Thai Broken Maize unq290 words
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Article121 1985-10-19 4 THE TIN PRICE en the Knala Lam par Tin Market (KLTM) yesterday eased 19 cents te M 529.15 per Idle in the absenee of everseas Interest. The price stayed within the ITA iewer range et ».15 and 32.M. Dealers said a larger offering of If! tonnes, against 15121 words
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Article163 1985-10-19 4 Yarn (In HK( per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 2,500 Blue Phoenix 20's 2,550 Biue Phoenix 32's 2,950 Blue Phoenix 40's 3,300 Carded yarn, hank Blue Phoenix 2t's 2,750 Combed yarn, cones Blue Phoenix 32's 4,100 Blue Phoenix 40's 4,300 Open-end yarn Blue163 words
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Article750 1985-10-19 4 COFFEE ROBUSTA FUTURES on Thursday fluctuated widely, falling to session lows, before recovering to approach Wednesday's five week highs. Prices eventually finished with gains from Wednesday night of £7 to £5 a tonne. January traded last at £1,706, a gain of £6 from Wednesday night, after setting its750 words
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Page 4 Miscellaneous
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Miscellaneous75 1985-10-19 4 Doonesbury PAN, I HAVE 10 ASK YOU-WHY THB ENDLESS OBSESSION UJTTH BOOMERS? PONT YOU THINK TT MAKES othergbnerations rbA S&fTFUL? w YES,ANP THAT'S UNPER STANOABLB. BUT TVS NOT OFTEN THAT HISTORY PROVIPBS US U/ITH A 6ENBRATTON THATS TRULY MYTHICAL! m Y 7/ VM BY GARRY TRUDEAU I THB BOOMERS ARB75 words
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BANKING AND FINANCE
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403 1985-10-19 5 Reuter POWERFUL political and economic forces are set against the yen, strictly limiting a further surge against the US dollar, senior Japanese foreign exchange and bond dealers say. "There is no way it can rise above 210 to the dollar," one dealer said.Reuter - 403 words
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Article111 1985-10-19 5 OVERSEA-CHINESE Banking Corporation will open its 32nd Singapore branch in Bukit Batok on Monday. This new branch at Apartment Block 151, Bukit Batok Street 11, will offer comprehensive banking services. Among them are daily interest on savings accounts, fixed deposits, current accounts, 24hour Automated Teller Machine111 words
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182 1985-10-19 5 ANZ BANK will issue Visa traveller's cheques in Australian dollars next year. It will be the first financial institution to issue Visa TCs in Australian dollars. One of Australia's largest banks with assets of US$27 billion, ANZ currently issues its182 words
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Article, Illustration563 1985-10-19 5 NYT MR NIGEL LAWSON, the UK Chancellor of the Exchequer, on Wednesday signalled a major shift in the way the government operates its monetary policy and ruled out any sizeable fall in the short-term interest rates for the foreseeable future. In a speechNYT - 563 words
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Article238 1985-10-19 5 THE LONDON International Financial Futures Exchange (LIFFE) and the Chicago Board of Trade (CBOT) signed a memorandum of intent in Tokyo yesterday to develop a Japanese yen bond futures contract. This is the first official sign of co-operation between LIFFE and CBOT, which could later238 words
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MONEY AND EXCHANGES
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Article819 1985-10-19 5 SINGAPORE THE US dollar yesterday closed lower against major European currencies but firmer against the yen, after fluctuating uncertainly in active but nervous late trading, dealers said. It closed weaker at 2.6355/70 marks compared with New York's 2.6415/30 close, after trading between a high of 2.6450 and a819 words
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Article249 1985-10-19 5 Interbank rates at 3pm yesterday: CurrmciM Nominal 1 rata* Smithsonian Bid Offer croaa parity change Local dollars to on* unit of foreign currency: US dolor 2 1375 2.1385 ***** -24 19 Sterling pound ***** ***** 7 3469 -58 69 Austrolkin dollar 1 5015 1 5044 3 4286 -56249 words
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Article, Illustration284 1985-10-19 5 Asian market PERIOD Asian dollar deposit rates yesterday closed easier while shortdates were little changed compared with Thursday's levels, in light trading. Three months closed at 8-3/16 8-1/16, down 1/16 point from Thursday night, six months at 8-5/16 8-3/16, down 1/16, nine months at BVt 8V«, down V 4 and284 words
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Article97 1985-10-19 5 RESULTS OF TENDER held on Oct 18 for 91-day Treasury bills to be issued from Oct 21 to Oct 25. Offered: $110,000,000. Applied for: 5187,500,000. Allotted: $110,000,000. Accepted bids: $99.28 approximately 95 per cent; higher bids in full. Average rate d discount on allotment: 2.890 per cent per97 words
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Article355 1985-10-19 5 BA Futures EURODOLLAR futures yesterday gapped higher as the market turned bullish on the weaker than expected bousing starts and capacity utilisation. After opening at 91.79, the December contract was locked within a narrow range of 91.78 and 91.80. In the morning session, Liffe opening saw prices edging higherBA Futures - 355 words
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Article214 1985-10-19 5 HONGKONG: GOLD yesterday closed higher on local short-cover-ing and fresh buying from Europe. It ended near its high for the day at U*****.60/327.00 per ounce. On the local market, gold closed at HK53,036 per tael, up 115 from Thursday. Krugerrands rose $10 to 12,585, equal to U*****.60, and Maple214 words
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Article76 1985-10-19 5 THE OVERNIGHT rate on the Singapore interbank money market fell by IJ/«l J point from Thursday to close at 4'/4 per cent yesterday. The one- and two-month term rates fell by 5/16 each while the three-month rate fell 3/16 point. S$ Interbank rates at 3pm yesterday: OH«r Bid76 words
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Page 5 Advertisements
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Advertisement342 1985-10-19 5 Test yourself on current ailairs and world business with The Economist quiz Find out how you rate on current affairs and world business with this quick test on subjects covered in The Economist over the last few months. Check your score with the answers printed upside down at the bottom342 words
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TIME-OFF
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Article545 1985-10-19 6 MR PHIL AND MRS RITA EDLER are an upright, honest, God-fearing Christian couple. From agency despatches we learn that they are practising Roman Catholics, have a small granddaughter and a statue of Jesus Christ in one of the bedrooms back at the old homestead in Colorado. The545 words
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Article, Illustration915 1985-10-19 6 JEFFREY TSANG - To get the most out of a motor holiday in Germany, JEFFREY TSANG discovers, one has to stick closely to some golden rules. But it is certainly fun and enriching, with breath-taking sights strewn all over the country to suit every finicky holiday-maker, ranging from915 words
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Article1187 1985-10-19 6 What's on from Oct 19-25 PPfVlfl HkiilH CONCERT: 880 features Lynette Seah-Simon, violinist. Victoria Concert Hall. t.lspm. Tickets: $4,57,)10,515. Last performance this evening. EXHIBITIONS: "A Chinese Opera". Art Forum, 03-13, The Promenade 10am-4pm. Water colourist Lim Sew Yong takes a humorous look ot the Chinese street wayangs. At 4pm,1,187 words
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Article, Illustration137 1985-10-19 6 HAITIAN ARTISTS are littleknewn la Asia, bat they have feud a niche ia the art werld aad many of their werks are in leading museums and art galleries. Their special appeal lies in the way they see and paint the world. It's a werld ef innocence137 words
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Article251 1985-10-19 6 STRANGE PEOPLE call up this office sometimes. One who was asked to leave his name, because the person he wanted to speak to was not in, said: "My name is 732.. We decided to spare him, or at least his office telephone operator, by not revealing251 words
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Page 6 Miscellaneous
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Miscellaneous786 1985-10-19 6 CRYPTIC PUZZLE ACROSS 9 "I'm the laziest person in the world"? (4, 5) 10 Treating our madness in a foreign country (8) 12 By "former" put "onetime" doorway (4) 13 Concerned with getting relief for the areas (6) 14 The soldier will, in the line, be out of line (7)786 words
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SPORTS
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Article, Illustration785 1985-10-19 7 Ivan Allan's galloping machine aims for multi-million dollar prize NOT SINCE the mighty Jumbo Jet flew to the United States to line up against the best in the Washington International of 1972 has an overseas thoroughbred race attracted so much attention here785 words
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Article, Illustration398 1985-10-19 7 WALTON MORAIS - By WALTON MORAIS SINGAPORE'S Poh Eing Chong lost the lead but stayed in touch with the leaders at the halfway stage of the M 570,000 Maruman Classic golf championship at the Royal Johor Country Club course yesterday. Eing Chong carded398 words
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Article, Illustration559 1985-10-19 7 BRIAN MILLER - By BRIAN MILLER I'VE ALWAYS BELIEVED that it makes more sense to back a short-priced winner rather than a big-priced loser. And going along these lines today, I will take three likely favourites as the day's best bets. Incidentally, and maybe559 words
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366 1985-10-19 7 SINGAPORE, attempting to break an eight-year losing streak, is brimming with confidence for its international matchplay against the Malaysian amateurs at Jurong this weekend. With four doubles matches scheduled for today, Singapore is hoping to finish the day 3-1 ahead. Said non-playing captain366 words
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154 1985-10-19 7 UPI SEVERIANO BALLESTEROS led Spain to a 3-0 victory over Nigeria in the opening round of the Dunhill Cup team golf challenge on Thursday. The Spaniard shot a 5-under-par 67 in medal matchplay against Peter Akakasiaka, who returned an 82 on the old course. Manuel PineroUPI - 154 words
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Page 7 Miscellaneous
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Miscellaneous1157 1985-10-19 7 Richard Thomas portrays Hank Williams Jr who is determined to carve a stage personality of his own SATURDAY NIGHT MOVIE Living Proof: Tho Honk Williams Jr Story 11.10 pm, Channol 5 Being the legendary Hank Williams's son could be like having a chip on the shoulder that grows into rock-like1,157 words
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Miscellaneous32 1985-10-19 7 BliStcW: Rank Dicteng] Do THIS CRrvl'T DOTHPO", CRM'T DO BN/vthunlG jr-, m &wk toosy RoTrert stimiong Fißm i 'uJHRT DO VOU OF IT SOFR£>PJ NO NO, BRISTou) —NOT rny Pp\flE.Rooe»(3HT I ifil32 words
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INTERNATIONAL STOCKS
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292 1985-10-19 8 Reuter KOHLBERG, KRAVIS, Roberts and Co m has obtained a commitment for a US$3.5 billion revolving credit facility, and is prepared to discuss making a cash tender offer for Beatrice Co Inc if this is approved by the Beatrice board. In aReuter - 292 words
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Article107 1985-10-19 8 AP ARAMCO, Saudi Arabia's giant oil production company, plans to cut its work force by 7,000 people before the end of 1966. Company officials were quoted by the English-lan-guage Saudi Gazette as saying on Thursday that the cutbacks were necessary because oil production declines hadAP - 107 words
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Article106 1985-10-19 8 FT BRITISH TELECOM intends to reduce its workforce by at least 4,000 this year, cut overtime and reexamine local and national agreements with unions in its Local Communications Services division, the largest in the corporation. These objectives were set out in a confidential paper to seniorFT - 106 words
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307 1985-10-19 8 Reuter THE WALL STREET stock market on Thursday managed to close slightly higher, thanks to a boost in the final hour from United Technologies. The Dow Jones Industrial Average gained a fraction to 1369, improving on Wednesday's record close. But the index started outReuter - 307 words
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Article118 1985-10-19 8 OCT 17 Abrtibf c% 17* Imp Oi Inco SI 16* 42* inch unch 33* Int Ito 166 18* Kerr Add 15 Lobtow B 19* 30 Mow«y Farg 3* Bonk Nova Scotia 13* 41 Mc BhxM 18* 18* 29* -H 25 33 37* hlf.f(inf(fi ti14* 16* 3* Coding 12* 34*118 words
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Article214 1985-10-19 8 OCT 17 INDUS A Alpha UnHC 570 -10 TtlALS 855 5 Woohvorth 1285 minings inch 160 Anglos 3360 -15 Angjvool *****8 -300 -10 Bhryoors 1500 35 Buffets 7500 -75 1110 -20 Charter 8108 2350 Cons Gold 1870 20 CNA 2205 Cons Murch ***** 5 unch inch unch 5 Or214 words
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Article700 1985-10-19 8 OCT 17 US$ Atcon Aiumn AJcoo AJaghany Lud AKad Cham Cp AWd Storm AJfcs-Chafrnars Am Branch Inc Am Broadcast Am Can Co Am Cyanamd Am B»c Pwr Am EiprtM Am Horn# Prod Am Moton Cp Am Noh*al Go* Am Tat Tai Amax Inc Amerada Hess AMF Inc Amr700 words
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Article829 1985-10-19 8 Amsterdam OCT 17 Ft ABN ***** 4-8 94 30 0 1 Ahold 256.00 -1.5 121.00 0 1 AM£V 71.10 1.2 Am(« 86 70 1.2 38 00 •0.2 Boh 462 50 95 Both oh Bur T«t 101.00 1.5 Catand 455 00 8 CM M, 136 50 0 3 57829 words
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Article38 1985-10-19 8 AP LOEWS CORP, a diversified financial company, will buy 25 per cent of CBS, one of the three big television networks in the US. Loews will then be more than doubling its current stake. APAP - 38 words
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Page 8 Advertisements
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Advertisement508 1985-10-19 8 \n/ski am M re to wisae, Baron's Table Sunday Brunch... you'll love it! Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only 825.50 per adult and $15.00 per child (under 12) every Sunday508 words
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Advertisement137 1985-10-19 8 /*>=<":|`(="-%~'^/:{!"_=((}:'$\ [WIT if? R Hfl M* jf-3 a vc VT. Loun gB 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% off137 words
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ASIAN STOCKS
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Article325 1985-10-19 9 HONGKONG: Stock prices yesterday closed sharply higher, buoyed by a late round of institutional buying. The Hang Seng Index rose 15.10 points to 1,639.89 after lagging by less than one point at mid-morn-ing. Properties were the focus of attention ahead of next week's government land auction as the Sub-Index325 words
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Article231 1985-10-19 9 OCT IS NT Kuochan Dev 14 55 -0 15 Lien Hwa Indus 1250 -0 25 2.96 2520 -05 Al Sincere Indus -0 07 15 20 A via Cement 20 30 09 Cathay Cons 2450 unch Wire 13 40 -0 05 Chong Hwo Bonk 4540 unch PaoJung Paper 099 unch231 words
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Article380 1985-10-19 9 TOKYO: Share prices yesterday slipped lower in moderate trading as investors continued uncertain over the market's future trend. The market average dipped from morning highs to end the day down 47.92 at 12,973.22 after losing 15.42 on Thursday. Turnover was a moderate 360 million shares against 400 million on380 words
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Article75 1985-10-19 9 OCT 18 Won Hyundai Const 910 unch Hyundai Motor 927 12 712 3 KAL 488 6 Choheung Bk 691 unch Korea F**t 734 unch 739 1340 Daekm kid 579 10 Korea Sh<> 435 -1 Daewoo Corp 491 1 Lucky Ltd 630 7 647 ■3 Samsung Co 700 Dong Ah75 words
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Article387 1985-10-19 9 SYDNEY: Renewed support for selected industrial stocks yesterday pushed Australian share markets higher at the close after a day of thin trading. Prices eased for most of the day but turned around in afternoon trading on the strength of sharp gains in a few stocks, plus an improved gold387 words
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Article180 1985-10-19 9 BANGKOK: Stock prices yesterday closed higher in quiet trading. The Book Club Index rose 0.04 point to 131.96 and advances led declines by a three-to-two margin. Turnover was 488,055 shares worth 69.9 million baht. Post Publishing led the day's activity with 164,753 shares valued at 21.9 million baht changing180 words
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139 1985-10-19 9 AFP BURNS, PHILP and Co Ltd will take a As 2 million stake in China's first joint-venture yeast plant. Under an agreement with the Meishan Corp, Bums Philp will build the plant costing $5 at the Meishan Sugar Mill in Guangdong province. Burns,AFP - 139 words
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486 1985-10-19 9 AP TRAFALGAR HOLDINGS Ltd, a Los Angeles investment group, will make an offer soon for what it claims will be the first American takeover of a Japanese company, Minebea Co Ltd, a major manufacturer of small bearings. Minebea sold U*****.3 million worthAP - 486 words
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111 1985-10-19 9 AP GENERAL MOTORS CORP has raised its stake in the Japanese car maker Isuzu Motors Ltd to 38.6 per cent with the conversion of US$lOO million in debentures, GM said on Thursday. The conversion increased GM's ownership interest in Isuzu by 4.4AP - 111 words
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217 1985-10-19 9 AFP THE FRENCH company Sesa has received conditional approval from Cocom, the Paris-based committee monitoring the sale of Western technology to communist countries, to fulfil a contract with China for the installation of a communications network among computers. But the Cocom authorisation was conditional onAFP - 217 words
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Page 9 Advertisements
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Advertisement695 1985-10-19 9 .'~r w /f=2> .4- >?:< -M m MADE BRAND NEW, FOR YOU. The lON goes brand new with an all-new look and all-new entertainment. ON STAGE The VAMPIRE' 6-piece band from Thailand. And Singapore's very own 'GYPSY'. DJ 'Freaky Freddy' from The Music Force. Weekdays Ist drink: $15+ Fri/Sat/Eve of695 words
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Advertisement160 1985-10-19 9 Lets booze to the music!! V HAPPY HOURS: spm 7pm dally Mot rock or favourite oontomporwtM. this popular all-girls. Six Angels Band. pMyt and kings right into your haart. Bring* you into a work) of pura antartainmant while you drink away into the night. B.oopm 1 00am (Mon Fri) B.oopm160 words
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Article, Illustration4333 1985-10-19 10 STRONG DEMAND for local blue-chip and quality issues yesterday lifted the Singapore stock market higher. Investors' demand centred mainly on consumerrelated companies producing food, beverages and cigarettes. Banks and finance companies were also being snapped up. As a result, the market's barometer, The4,333 words
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Article264 1985-10-19 10 SINGAPORE Rises Indices Oct 17 Oct IS M 'Of? 50 BT Composite 650 10 660 21 232 27 *****55 7793*77 ?f BT OB'OS 176 -103 L\ BT CaDI 5323 5254 **> 20 IT OBV ***** ***** <20 6 ST IntfustrioH 753 B9 768 14 S'H 640 5264 words
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Article4737 1985-10-19 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".4,737 words
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Page 10 Advertisements
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Advertisement11 1985-10-19 10 KL market report, Business done on the KLSE See page I*/11 words
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COMPANY NEWS
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Article, Illustration241 1985-10-19 11 mm THE TROUBLE with writing a weekly chart advisory column is that you tend to wait until the very last moment to i-ecom-mend a stock to cut down on the waiting time required for action. This can, unfortunately, result in a situation where the market241 words
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Article1042 1985-10-19 11 SHARE PRICES closed firmer yesterday on bargain hunting as operators took a longer term view on inflation. The market was depressed earlier by the prospect of firm short-term UK Interest rates after the Chancellor's speech on Thursday. At 3.30pm, the FTSE Index was up 4.3 points at 1,340.01,042 words
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294 1985-10-19 11 SIME DARBY Bhd's move to reduce dependence on the plantation sector cannot be done overnight, according to chairman Tun Tan Siew Sin. Tun Tan told shareholders at Sime's annual general meeting on Thursday that contributions from plantations comprised some294 words
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Article386 1985-10-19 11 NAJEEB JARHOM - Bonus issue of one-for-one By NAJEEB JARHOM ONLY MONTHS after the takeover of Tongkah Harbour Tin Dredging Bhd by new Sabahbased shareholders, the company is making a MS3B million cash call and a one-for-one bonus issue. The rights issue of three new shares for every two386 words
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Article373 1985-10-19 11 HONGKONG LAND, technically the biggest company on the Stock Exchange of Singapore in terms of market capitalisation, is considering having itself delisted from the local stock market. The news, announced by Mr David Da vies, the managing director of the giant propertybased group, at373 words
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Article100 1985-10-19 11 THE TEMERLOH Robber Estates Berhad: 71st AGM at Standard Chartered Bank Chambers, Penang on Tuesday, Oct 22, at 12.15 pm. CI HOLDINGS Berbad: 8th AGM at the Abbey Room, Ground Floor, Hotel Merlin, Jalan Sultan Ismail, Kuala Lumpur on Saturday, Oct 26. at 9.30 am TASEK CEMENT Berhad:100 words
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Article108 1985-10-19 11 HONGKONG Thursday 1501.5 Week ago 1501.0 NEW YORK Dow Jones Thursday *1369 29 Wednesday 1368 50 Week ago 1328 07 Standard Poors Thursday 187 66 Wednesday 187 98 Week ago 182.78 LONDON FT Index Thursday *1043.3 Wednesday 1034 9 Week ago 1017 8 FTSE 100 Index Thursday 1335108 words
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Article275 1985-10-19 11 Monogerj' prices -< MARA-Bumiputra foe Oct 19 21 First B'putro 5 12 5 17 Singapore Unit Trust Second B'putro Third B'putro 4 73 3 82 4 78 3 87 The Commerce 1 78 The Savmgs Fund 1 30 S'poit Prog Fund 0 76 S'pore Sec Fund 1 10275 words
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Article51 1985-10-19 11 IN A REPORT on Active Building A Civil Construction, published on page 15 of BT yesterday, it was incorrectly stated that Active owed $5 million to Banque Bruxelles Lambert SA. The bank has been paid in full by a third-party guarantor. We are sorry for the51 words
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Article82 1985-10-19 11 LINGUI DEVELOPMENTS Bhd has reported group pre-tax profit of M 53.02 million ($3.90 million) on a turnover of $29.77 million ($14.42 million) for the year to endJune 1985. The group after-tax profit was $1.35 million ($1.70 million). A final dividend of 2 per cent gross has82 words
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507 1985-10-19 11 SHARE PRICES finished slightly steadier on the Kuala Lumpur stock market yesterday. Investors were hesitant and trading was quiet and listless. But blue chips and some speculative issues caught investors' attention and finished with substantial gains. Other special situation counters in the industrial sector507 words
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Article3441 1985-10-19 11 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. MDUSTRIALS Acmo (I 70S) Aisb (0 90S) (36) 091 (4)3,441 words
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388 1985-10-19 12 BOEY KIT YIN - More than $1.2b in projects generated last year By BOEY KIT YIN PRINTERS, PUBLISHERS and paper product manufacturers in Singapore generated more than $1.2 billion worth of work in 1984 a year which saw major projects being implemented and processes being automated. The388 words
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Article, Illustration68 1985-10-19 12 Reuter PRESIDENT Ronald Reagan of the US hae a friendly greeting for an unusual visitor at the White House on Thursday. The occasion was a ceremony marking the first anniversary of the Young Astronaut Council, a programme mandated by the president to help increase the technologyReuter - 68 words
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116 1985-10-19 12 THE REGISTRY of Vehicles (ROV) has predicted that the total vehicle population will drop by 0.3 per cent this year compared with last year the first decrease for the past eight years. ROV figures show that at the end of 1984, the total motor116 words
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212 1985-10-19 12 Reuter THE BRITISH DELEGATION at the Commonwealth summit, already in trouble over its stand on South African sanctions, was yesterday in hot water (or passing misinformation to the press. British officials on Thursday told British Journalists that Foreign Secretary Sir Geoffrey Howe had beenReuter - 212 words
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240 1985-10-19 12 Reuter THE EUROPEAN Community and Asean yesterday agreed to set up a joint working group to ease European investment in South-east Asia, especially by small and medium-sized enterprises. Economic ministers from the Community and the Association of South-east Asian Nations (Asean) made the agreementReuter - 240 words
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Article86 1985-10-19 12 UPI BLACK NATIONALIST guerilla Benjamin Moloise, who told his mother he would go to the gallows singing, was hanged yesterday for slaying a policeman. "Tell the world that we shall overcome. Tomorrow I will spill my blood for those who remain behind," he told his mother when sheUPI - 86 words
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Article141 1985-10-19 12 UPI PALESTINIAN Abu Abbas has again denied American allegation that he masterminded the hijack of the Italian cruise ship Achille Lauro. In an interview with the Belgrade newspaper Vjesnik, Abbas claimed his "only connection" with the hijacking was that "of negotiations" with the Palestinians who seizedUPI - 141 words
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Article, Illustration712 1985-10-19 12 MANO SABNANI - By MANO SABNANI THE MAIN SUBJECT that Prime Minister Lee Kuan Yew chose to focus on during his recent visit to the US could not have been better chosen. Protectionism in relation to international trade is the burning issue now, not only in Washington,712 words
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Article79 1985-10-19 12 Reuter THE US dollar, driven down by a fresh round of central bank intervention, remained weak on currency markets yesterday while sterling received a shot in the arm from a speech by British Chancellor of the Exchequer Nigel Lawson. Yesterday's central bank dollar sales, led byReuter - 79 words
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Article93 1985-10-19 12 A ROYAL JORDANIAN airplane with 108 passengers made a successful emergency landing at Changi airport yesterday afternoon after a fire broke out in its tail engine. The pilot of the aircraft a LlOll Tristar reported the fire at 12.14 pm when the plane was about 12093 words
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Article37 1985-10-19 12 Reuter TAIWAN has pledged to open up its markets to US products after two days of bilateral talks on free trade in Taipei. It was considering making further tariff cuts and lifting import restrictions. ReuterReuter - 37 words
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Article, Illustration491 1985-10-19 12 THE LATEST ROUND in Singapore's battle to retain its benefits under America's General System of Preferences will be fought in Washington on Monday by the Republic's Ambassador to the US. Professor Tommy Koh will appear before the US Generalised System of Preferences491 words
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Article114 1985-10-19 12 Reuter COMEX GOLD FUTURES yesterday lost half of their early gains of US$l.6O after taking on selling from a major fund account. Gold for December delivery retreated from a high of $330.00 an ounce to $329.20, with a net advance of $0.80. Analysts said fund traderReuter - 114 words
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Article72 1985-10-19 12 Reuter THE NEW YORK stock market headed lower in early trading yesterday as the autumn rally ran out of steam. The Dow Jones Industrial Average was off one point at 1368, backing off from Thursday's record closing level. Broader indicators also pointed lower. Advances and declines wereReuter - 72 words
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LATE FILE
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Article33 1985-10-19 12 Bernama A DOZEN independent hotels in Malaysia and Singapore have set up an inter-hotel reservation service called the "golden link" system to provide cheaper rates for travellers. Ber-Bernama - 33 words
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Article31 1985-10-19 12 Reuter TYPHOON DOT yesterday moved north after blowing roofs off houses and causing flash floods in the central Philippines. Officials said no casualties have been reported. ReuterReuter - 31 words
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Article57 1985-10-19 12 UPI INDONESIA has been asked to step up its support of the Palestine Liberation Organisation by allowing it to establish an office in Jakarta. The Antara news agency said visiting members of the Arab Inter-Parliamentary Union have also expressed thanks to the Indonesian government forUPI - 57 words
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Article59 1985-10-19 12 AP THE US yesterday divulged the identities of suspects in the hijacking to Beirut of a twa jetliner as part of an effort to mobilise world opinion against terrorism. The three individuals, all charged in the US with air piracy and murder, were identified asAP - 59 words
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50 1985-10-19 12 Reuter IRAQ said its warplanes hit a "large naval target" near the Iranian coast yesterday and again attacked the main Iranian oil terminal on Kharg Island. Shipping sources said a Panama-reg-istered container ship, the Oriental Champion, was damaged in an air attack yesterday. ReuterReuter - 50 words
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Article42 1985-10-19 12 Reuter CHINA yesterday published figures showing its foreign exchange reserves have continued to fall. The China Finance magazine said the reserves, a record U5516.67 billion just over a year ago, had plunged to $10.85 billion by July. ReuterReuter - 42 words
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Article58 1985-10-19 12 Reuter THE TWO US bases in the Philippines were invaluable and America had no plan to transfer them, US Admiral Ronald Hayes said yesterday. He said speculation that the US might withdraw from them was "not in the interest of either the US, the Philippines and theReuter - 58 words
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Page 12 Advertisements
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Advertisement5 1985-10-19 12 Rajiv's proposal accepted, Paga 35 words
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Advertisement120 1985-10-19 12 —*v? .-^TISS v .-L V,* ">, t' 'V-..V .7 l®y Let BT show you the ropes to effective management every Monday BT, Singapore's biggest business daily, has two full m pages on Management every Monday. This is essential reading for all successful professionals and executives. r Incisive management news are120 words
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Page 12 Miscellaneous
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Miscellaneous57 1985-10-19 12 Outlook for today: Cloudy, with showers over several areas from pre-down, clearing around noon. Report for 24 hours prior to 7 30pm on Oct 18 at the airport: Maximum temperature 33.4 Associated humidity 56 Minimum temperature 23.2 Associated humidity 94 Hours of sunshine 7.90 Rainfall in millimetres nil Rainfoll this57 words
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