The Business Times, 7 December 1985
1985-12-07
1
12
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The Business Times
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Title Section12 1985-12-07 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, DECEMBER 7, 1985 75 CENTS12 words
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Article, Illustration692 1985-12-07 1 THE EDITOR - By THE EDITOR IT WOULD BE A SHAME if the euphoria of the stock market's rubber ball act yesterday were to replace overnight the despondency that ruled in the weeks before. The crisis may be in hand now but the problems that caused it692 words
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Article, Illustration654 1985-12-07 1 RAMESH CHANDIRAMANI - Fund managers lead active buying of quality stocks By RAMESH CHANDIRAMANI SHARE PRICES RULED strong to firm on the Singapore stock market yesterday, buoyed by active buying by local and foreign fund managers who were lured to the market by the sharp discount in values following654 words
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160 1985-12-07 1 BANKS IN KUALA LUMPUR have been instructed to provide institutional investors with all the cash they need to invest in the stock market. This move to inject confidence into the stock market was announced yesterday by Malaysian Finance Minister Daim Zainuddin. He also160 words
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122 1985-12-07 1 STRONG BUYING of the Singapore dollar by British banks yesterday reversed an early fall in the value of the currency. It opened at 40 points weaker than the overnight close at 2.12 70-90 to the US dollar, and quickly fell to the day's low122 words
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Article, Illustration338 1985-12-07 1 JAIME LYE - By JAIME LYE BT JOURNALIST Goh Yee Ling was selected Miss Tourism 1965 last night. For the next 12 months, she will be Singapore's ambassadress to the world, lending help to sales missions organised by the Singapore Tourist Promotion Board. Miss Goh beat 14 other338 words
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388 1985-12-07 1 THE ON-OFF RESCUE package for financially-troubled PanElectric Industries Ltd is still alive and kicking. Mr Tan Koon Swan, who was in Singapore yesterday, has released $20 million of his initial $27 million planned cash injection, to the receivers and managers388 words
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Article176 1985-12-07 1 YESTERDAY'S Business Times, Straits Times and Berita Harian were delivered late in all areas because the printing of the newspapers was held up. We apologise to all readers for any inconvenience caused. The large number of bigger than usual declines in share prices in the stock176 words
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Page 1 Advertisements
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Advertisement239 1985-12-07 1 tNEX-ASlftf =m ELECTRIC- ASIA 86 S E Asia s 6th International Exhibition of Electrical Engineering.lnstrumentation, Controls.Fittmgs and Accessories 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* RS ***** INF AMA Take239 words
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Advertisement275 1985-12-07 1 mm SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS LETTERS CROSSWORDS TV A RADIO DOONESBURY OUR VIEW IT HAS BEEN A DEPRESSING WEEK for stockbrokers and Singapore's investors. Gloom and doom has been the name of the game, but today is a fun day with the new Miss Tourism lighting up275 words
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Advertisement28 1985-12-07 1 More reports, Pago 10 Asian stocks, Pago 9 lnt'l stocks, Paga 8 Tourism will continue to play important rola, Tourist industry axpactad to grow by Ipc, Back Paga28 words
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Advertisement263 1985-12-07 1 NEX• A S I A ASA 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 a I INTERFAMA EXHIBITIONS PTE LTD Par*»»a> Bu.Wefs Centre »1003 06 1 Parade Central Singapore 1544 *****00 Te»e«263 words
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HOME NEWS
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496 1985-12-07 2 LISA LEE - By LISA LEE CONTRACTORS under the Housing and Development Board's core contractor scheme will be assured a total of $420 million in construction Jobs in the 12 months starting from September. The HDB has set aside 14,d00 flats for the 15 local contractors496 words
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395 1985-12-07 2 TERMS OF PAYMENT by the Public Works Department feave been changed to improve cash flow for contractors, the Minister of National Development, Mr Teh Cheang Wan, «aid yesterday. At the same time, it will reduce the size of road contracts wherever395 words
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Article, Illustration235 1985-12-07 2 MOTORISTS who travel along Bukit Timah Expressway will see lots of trees. Yet one is special. This palm, which lines the new expressway, is like no other. "If you look carefully, you'll find that the leaves on the palm resemble the tail235 words
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208 1985-12-07 2 THE FRENCH School, set up with the support of the French business community in Singapore, will become the regional examination centre for Southeast Asia from next year. The 98 million Ecole Francaise de Singapour was officially opened yesterday by Dr Soon Teck Wong,208 words
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227 1985-12-07 2 CHILDREN must not think that just because their parents and elders have Central Provident Fund savings, they have no responsibility to take care of them. "There is a pernicious philosophy that each generation only has an obligation to the next generation and no227 words
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162 1985-12-07 2 THE ANNOUNCEMENT of a cut in room rates by the Shan-gri-La hotel was applauded yesterday by Dr Wong Kwei Cheong, the chairman of the Singapore Tourist Promotion Board. "The STPB had for some time requested hotels in Singapore to lower their rack rates162 words
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Article91 1985-12-07 2 US ASSISTANT Secretary of State Paul Wolfowitz is scheduled to hold talks with Singapore government officials next week as part of his South-east Asian trip. Mr Wolfowitz, who arrives in the middle of the week, will be on a stopover visit, a US Embassy spokes-91 words
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Article138 1985-12-07 2 RETAILERS of boric acid, a substance sometimes used in making noodles, bean curd, dumplings and bubor chacha, will now require a licence from the Health Ministry to sell the acid. This came yesterday after the ministry announced that the acid was harmful to the body138 words
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290 1985-12-07 2 THE Ministry of Health has placed the sale of human blood products under control and banned the use of growth hormones in Singapore. From yesterday, human blood products have been included in the Poisons List and only licensed importers may deal in such290 words
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396 1985-12-07 2 CHUANG PECK MING - By CHUANG PECK MING SINGAPOREANS, who once shunned jobs in the construction sector, are now being forced by the recession to take another look at the industry, a Labour Ministry spokeswoman said yesterday. With the unemployment rate at 4.1 per cent, many of the396 words
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Article185 1985-12-07 2 A NEW CODE of practice on designs of concrete structures, drawn up in the UK, will be discussed at a one-day seminar on Monday. More than 200 civil and structural engineers are expected to attend the seminar, which will be held at the Hotel New185 words
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Article865 1985-12-07 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Altair Barber Priam Kota Pelangi N'kei Central P'cess Seiko Str Venture S'tern Gory Tomoe 75 Tomoh Satu Frotario Inabukwa Jenhol La Rioja Tocho Maru K12 K9 K32 K34 K28 K25W K27 K30 K20 K33 K19 K23 K17865 words
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Page 2 Advertisements
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Advertisement44 1985-12-07 2 u. i |AII-Girl Korean Band THE FESTIVAL 7 00pm 2.00 am h Live-Band Music Non-Stop Dancing i Charming Hostesses Gracious Service i. ■■■Wa /y rl VoOP OOP 1^ of'° Office Xitc-Ciub <&' Loutujc 1. Claymore Drive, #02-11 Orchard Tower (Rear Block) Singapore 0923 Tel *****2644 words
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OVERSEAS
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Article, Illustration417 1985-12-07 3 Reuter THE PROSPECTS for world output and trade are in many respects "very promising", in spite of the pessimistic views circulating at present. Britain's Chancellor of the Exchequer, Nigel Lawson, said although world economic growth had been more modest this year than last year, theReuter - 417 words
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277 1985-12-07 3 Reuter CITICORP ECONOMISTS expect an acceleration of economic growth and inflation next year to result in a substantial rise in interest rates by the end of the year. Presenting the forecast for 1986, they predict that real gross national product on a fourthReuter - 277 words
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550 1985-12-07 3 Reuter TOP ECONOMIC advisers to President Reagan, now preparing their economic forecasts for next year, are likely to retain their current prediction of 4 per cent economic growth next year. But the White House's optimism over the economy next year is notReuter - 550 words
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344 1985-12-07 3 FT A FURTHER 10 per cent decline in the value of the dollar would help to stabilise the US trade deficit, which is expected to peak at US$l5O billion this year. However, Dr Clayton Yeutter, the US special trade representative,FT - 344 words
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203 1985-12-07 3 AP THE US SENATE Foreign Relations Committee voted 15-1 on Thursday for a new US$22-mil-lion programme to fight terrorism in central America, overriding complaints that the money would go to people responsible for human rights abuses. The panel had earlier rejected President Reagan's proposal forAP - 203 words
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Article761 1985-12-07 3 ARRIVALS Operator Service Local From number time KAL KE624 0850 KUL MAS MH603 0903 KUL MAS MH671 0935 KUL MAS MH81I 0940 PEN CAL CI806 0945 CGK SIA SQ103 1005 KUL AC AC858 1020 YYZ/LHR/BOM CPA CX7I0 1030 CGK RBA BI421 1030 BWN OA GA960 1100 CGK761 words
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Article, Illustration33 1985-12-07 3 NORI3 McWHIRTER climbs onto a chair to illustrata the height of a model scaled to actual size of the world's tallest man, the late Robert Wadlow who was 2.714 m tall.33 words
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198 1985-12-07 3 Reuter AMERICAN Attorney-General Edwin Meese said he wanted to revise the US/Swiss treaty on legal assistance to make it easier to fight economic crimes. At a news conference in Zurich, Mr Meese said: "We need to update the Mutual Legal Assistance Treaty, atReuter - 198 words
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Article300 1985-12-07 3 AFP BRITAIN has put off signing an agreement to cooperate on the US Strategic Defence Initiative (SDI) because of insufficient guarantees that British companies could use their own research freely, according to the Financial Times newspaper yesterday. Defence Minister Michael Heseltine and US DefenceAFP - 300 words
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Article264 1985-12-07 3 Reuter RADIATION from office computer screens does not endanger the health of pregnant mothers, a group of 15 scientists said at a conference arranged by the World Health Organisation (WHO). The group of doctors, psychiatrists and radiologists meeting to discuss possible health hazards of so-calledReuter - 264 words
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Article200 1985-12-07 3 Reuter A SWISS COURT has lifted a controversial ban imposed on a local newspaper prohibiting it from mentioning a Geneva company without prior consultation. The legal muzzle, clamped on the daily 24 Heures by a municipal tribunal last October, was the first use ofReuter - 200 words
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Article69 1985-12-07 3 Reuter IRISH DIPLOMAT Frederick Boland, who as the president of the United Nations General Assembly once broke his gavel calling Soviet leader Nikita Khrushchev to order, had died, his family said on Wednesday. He was 81. Mr Bo land was Ireland's first permanent representative to the UN andReuter - 69 words
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Article51 1985-12-07 3 Reuter US ENERGY SECRETARY John Herrington said President Reagan would submit a new bill to Congress early next year to decontrol natural gas prices. He gave no details of the proposed measure, but said: "We want full and complete decontrol of natural gas at a date certain."Reuter - 51 words
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166 1985-12-07 3 Reuter THE SOVIET Armed Forces newspaper has warned young men against attempts to avoid military service, indicating that draft-dodging was becoming a major problem. The article in Krasnaya Zvezda did not say why youngsters were failing to sign up for their twoReuter - 166 words
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470 1985-12-07 4 AFP THE HANOI-BACKED Phnom Penh regime yesterday accused the US of maintaining in Thai territory a centre for organising what is called subversive operations against Cambodia. The accusation was contained in a document published by the foreign ministry in Phnom Penh, which the officialAFP - 470 words
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130 1985-12-07 4 AP MALAYSIA'S trade with its partners in the Association of South-East Asian Nations rose to MJ16.72 billion last year from $14.29 billion in 1982, Deputy Finance Minister Sabbaruddin Chik told Parliament. Mr Sabbaruddin said on Thursday that the Malaysian government had taken various measuresAP - 130 words
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247 1985-12-07 4 AP THREE TAIWANESE businessmen and one technician have been sentenced to prison terms ranging from 2 x /i to 12 years on charges of trading directly with China. The Garrison Command, Taiwan's top security agency, said on Thursday that Chen KuoHsun, 34,AP - 247 words
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135 1985-12-07 4 AP THE AVERAGE Shanghai resident spends more than two hours a day on sports and entertainment, including almost an hour and a half tuning into television and radio. For every 100 households, there are 113 televisions, including 23 colour sets, and 63 cassette recorders,AP - 135 words
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155 1985-12-07 4 AFP AN INCOME TAX cut promised for fiscal 1986 has been put back a year because of the effects of the increased value of the yen on government revenue. The Fiscal Commission of the ruling Liberal Democratic Party (LDP) hasAFP - 155 words
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260 1985-12-07 4 Reuter DISGRUNTLED army colonels said yesterday a reorganisation of the Philippine military ordered by President Ferdinand Marcos was a "political juggling act" which had caused unrest in the officers' ranks. The officers, who asked not to be named, said the revamp was intendedReuter - 260 words
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Article151 1985-12-07 4 AFP TOURISM in the Philippines is nearly in a coma with declining arrivals and meagre dollar receipts due to official neglect and the country's unsavoury image abroad. Tourist arrivals have sunk to the 1978 level and foreign exchange receipts have lagged behind Asian neighbours' incomes inAFP - 151 words
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Page 3 Advertisements
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Advertisement6 1985-12-07 3 fRmAm's747SP Barest Daily to .Jafegl New^brk.6 words
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Advertisement59 1985-12-07 3 RENOVATION SALE Decorate your home at V 2 the cost Brass Table with marble top JJuuul giOOOM Now $443 RBrass Trolley U««ef-$930" Now $175 Sofa Set 1 Sofa and 2 arm chairs Uoual $£376Now $1189 ll rmtt Brass Table Lamp Hpl Ueua+-$238 Now $119 Is Brass Bed King size excluding59 words
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RAW MATERIALS
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Article148 1985-12-07 4 Chinese Produce Robusta 20/25% FOB NSW ***** Exchange Nutmeg (Sellers noon closing prices on Dec 6 (SS/100 kg) 110 FOB NSW 496 00 E&W FOB NSW 438 00 Coconut oil Bulk FOB 6500 Gombier Old drum FOB 7800 FOB NSW 330 00 New drum FOB 8200 Copra Mixed148 words
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Article294 1985-12-07 4 Singapore C-l Ord unq (S$/kilo, e»-godown) Loonzain Rice Fragrant new crop 1st 0.74 2nd 0 56 100% 1st grode 100% 2nd grade 100% 3rd grade unq 225 unq 3rd 056 Parboiled Rice New Crop 5% 215 25% no stock 10% 210 10% no stock Thai Broken Maize unq A-super294 words
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Article148 1985-12-07 4 SINGAPORE THE MARKET yesterday closed slightly lower with January One RSS buyers quoted at 152.00 cents per kilo, down one cent from Thursday. MALAYSIA A general lack of interest dampened sentiment on the market despite reports of further intervention by the Inro buffer stock manager. Prices closed a cent148 words
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Article133 1985-12-07 4 MALAYSIAN crude palm oil prices yesterday closed firmer on covering and speculative buying amid a seasonal downtrend in palm oil output and talk India may have bought up to 11,000 tonnes at its weekly tender on Thursday. Dec deliveries in the central region firmed Msls to $765 per133 words
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Article159 1985-12-07 4 WHEAT FUTURES on Thursday closed down 4% US cents per bushel in spot to up 13/«l 3 in new crop on the Chicago Board of Trade. March settled at U553.42 after posting a 6V2 cent range on the day. Rumours the US Farm Bill now in the House/Senate Conference159 words
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Article136 1985-12-07 4 SOYBEAN FUTURES on Thursday closed V/t to four US cents per bushel lower in nervous thin trade on the Chicago Board of Trade. January settled at USSS.O7V2 after posting a 4 3 '4 cent range. Weakness in soyoil, which led the soy complex higher on Wednesday, sparked sympathetic long136 words
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Article161 1985-12-07 4 Yarn (In HK$ per bole of 400 lb) China corded yarn, cones Blue Phoenix 16's 2,450 Blue Phoenix 20's 2,600 Blue Phoenix 32'» 3,000 Blue Phoenix 40's 3,300 Carded yarn, hank Blue Phoenix 21's 2,750 Combed yarn, cones Blue Phoenix 32's 4,250 Blue Phoenix 40's 4,450 Open-end yarn Blue161 words
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Article31 1985-12-07 4 Tha Kuala Lumpur Tin Markat remains closed following tha suspension of tin trading on tha London Matal Exchanga Closing prices on Dec 6 KL TIN <M$/k«) Price Suspended Turnover (tonnes) Suspended31 words
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Article330 1985-12-07 4 RAS prices in S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 150 50 151 50N 150 00 151 OON Int 1 RSS Jon 86 152 50 152 75 152 00 152 50 lot 1 RSS Feb 86 153 75 154330 words
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Article110 1985-12-07 4 (cents/kg, 1-ton pallets) JAN 86 FEB 86 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 149 00 151 00N 149 50 151 SON SSR 50 147 00 149 OON 147 50 149 SON MRELB Buyers Sellers Buyers Sellers SMR CV 207 50110 words
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Article783 1985-12-07 4 COFFEE ROBUSTA FUTURES on Thursday closed sharply higher, mostly £45 to £55 above Wednesday night's finish, with prices just below late highs reached on a wave of buying prompted by renewed fears of drought damage to the Brazilian crop. March closed at £2,010, down on light profit-taking from783 words
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Page 4 Miscellaneous
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Miscellaneous149 1985-12-07 4 Doonesbury WELL, BOY, YOUR UFFS COURSE HAS TAKEN A MHGEROUS, HAIRPIN TURN. LIKE IT OR NOT, YOU J NOW HAVB TO ANSWER TO AN 1 AWESOME NEWMASTER-MONEYf NO WAY, UNCLE PUKS. MONEY POESN7 CHANGE A THING. TM CONTINUING TO SIUPY TO BE A oocm v NEPHEW, THINK FOR A MOMENT.149 words
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BANKING AND FINANCE
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275 1985-12-07 5 Reuter THE WORLD BANK will pursue rigorously the expanded role envisaged for it within the Baker debt plan but will not do so through major changes in policies and procedures from recent years. Mr David Bock, the director of the bank'sReuter - 275 words
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Article95 1985-12-07 5 AFP FRANCE has announced that it would forgo a US$6OO million instalment this month of a $4 billion international loan it received in 1982. Economy Minister Pierre Beregovoy said on Thursday that the decision was tantamount to reimbursement of that tranche of the loan and reflectedAFP - 95 words
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146 1985-12-07 5 AFP THE WORLD'S first market offering currency options in the European Currency Units opened in Amsterdam on Thursday. Mr Pierre Pflimlin, the president of the European Parliament, said the opening of the market offering options of ECUs against the dollar elevates the ECU to theAFP - 146 words
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487 1985-12-07 5 ALVIN TAY - By ALVIN TAY FINANCE COMPANIES had a much-needed relief in September when housing loans picked up after five consecutive months of decline. The increase, although by only a meagre $7 million to $1.41 billion, could be a sign that the downward trend in residential487 words
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322 1985-12-07 5 UPI US ATTORNEY GENERAL Edwin Meese has told Swiss bankers, lawyers and business people the US is trying to tighten laws against money laundering so that organised crime will "choke on its own money". Governments, however, must cooperate more to crack down onUPI - 322 words
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71 1985-12-07 5 Reuter THE NATIONAL Australia Bank Ltd yesterday said it will lift its benchmark prime lending rate to 19.75 per cent from 19.50, effective Dec 9. The bank said it would also lift its base rate, tied to longer term trends, to 19.50 per cent fromReuter - 71 words
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MONEY AND EXCHANGES
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Article980 1985-12-07 5 SINGAPORE THE US dollar yesterday closed higher against most major currencies after fluctuating uncertainly in thin trading. The dollar opened slightly firmer helped by some local short-covering, then weakened in early afternoon on selling following speculation in Tokyo that the Bank of Japan will continue its upward guidance980 words
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Article49 1985-12-07 5 RESULTS OF TENDER held on Dec 6 for 91-day Treasury bills to be issued from Dec 9—13, 1985. Offered: $130,000,000. Applied for: $240,000,000. Allotted: $130,000,000. Accepted bids: $99.26 approximately 14 per cent; higher bids in full. Average rale of discount on allotment: 2.935 per cent per annum.49 words
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Article122 1985-12-07 5 THE OVERNIGHT rate on the Singapore interbank money market rose by jioint from Thursday to close at 3 1 per cent yesterday. The one-month term rate fell by v 8 point, the two-month by '/4 point while the three-month rate was unchanged. S$ Interbank rates at 3pm yesterday:122 words
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Article, Illustration320 1985-12-07 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet afternoon trading. Overnight and week fixed closed at a common level of 8-5/16 8-3/16 per cent. Period rates were little changed from earlier steady levels of 8-5/16 83/16 for one month, BV* B'/b for three and320 words
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Article240 1985-12-07 5 Interbank rotes at 3pm yesterday: QifiithftdnkAD LurrtnciM Local dollars to on* um« of foreign currency Bid Otter cr OM parity change US dollar Sterling pound Austroban dollar NZ dollar Conadran dollar 2.1160 3 1285 1 4388 1.1944 1 5152 2.1175 3 1328 1 4420 1.1985 1 5168 2240 words
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Article270 1985-12-07 5 HONGKONG: GOLD yesterday closed slightly lower in fairly quiet and featureless trading. Some small investor short-covering was noted in early trading but the bullion price eased in the afternoon as the US dollar strengthened. It closed at U*****.80/323.10 an ounce against an initial 322.90/323.30 compared with New York's 323.00/50.270 words
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Article373 1985-12-07 5 THE HIGHER-than-expec-ted increase in money supply yesterday dashed hopes of a discount rate out in the near future with Eurodollar futures opening lower than Thursday's close in Simex. The March contract was locked within a narrow range of 91.81 and 91.84 after opening at 91.83 in quiet trading ahead373 words
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Page 5 Advertisements
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Advertisement229 1985-12-07 5 Japan reaches out to the world For two decades Japan has been buffeting the world with exports from its shores. But it has kept a low profile in world affairs. Now this is changing. Our new survey examines Japan's growing international importance as it becomes increasingly involved in other countries.229 words
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TIME-OFF
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Article563 1985-12-07 6 IT HAS BEEN a long hard week. Stockbrokers with furrowed brows, bankers wringing their hands, but more importantly, the small investor seeing his investments on the Singapore Stock Exchange shrink. He was going to sell a few Pan-El shares to pay for his daughter's wedding; he563 words
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733 1985-12-07 6 MAX COMMANDER - By MAX COMMANDER THE CIRCUS is coming to town. What small boy or girl has not thrilled to these magic words? The smell of fresh sawdust in the circus ring, the fetid breath of the big cats, the lion tamer in resplendent white breeches733 words
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Article360 1985-12-07 6 "IT'S AN ILL WlND..said one Tasmanian expatriate who has his office in Hong Leong building, where the stock exchange is. He was a happy man on Monday when the exchange was closed. "It's the first time for days that I have been able to get in360 words
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Article1068 1985-12-07 6 What's on from Dec 7-Dec 13 AEROBICS AND SPOT DANCES. Sentosa Village Beer Garden Terrace. 7.30-10.30pm. A new lineup of events to replace ballroom dancing. Admission into Startlight Disco Express, $2 plus usual entry charges to the island. CONCERT: SSO presents Li Ming Qisna. Victoria Concert Hall. t.15pm. Tickets:$4,$7,$l0,$l1,068 words
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470 1985-12-07 6 Got out in time - letters to the Editor Got out in time Deer Sir Your editorial (5 Dec 1985) "Need for strong men in the stock market" belies your journal's position as the leading financial paper in our country. Surely, you could have dipped into your lexicon for470 words
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Article314 1985-12-07 6 Professional Speculator - Professional Speculator Dtw Sr Thank you for publishing my letter under Professional Speculator in Thursday's paper. I would like to further comment on how our current stock market crisis should be handled by the relevant bodies. I think our crisis and the performance on the market314 words
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Article, Illustration94 1985-12-07 6 TAN LEONG KHENG's exhibition of Pen and Waah paintings at The Collector's Gallery, Orchard Towers, is a One showing of sensitive and perceptive sketches livened by watercolenr techniques. Tan sketches with technical pens and sheds brightness with white light and spots of highlighting. His94 words
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Page 6 Miscellaneous
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Miscellaneous787 1985-12-07 6 ill CRYPTIC PUZZLE ACROSS 9 A kkmg for the most conv fortable place to sit in? (4, 4) 10 Bother! Now there's a hole at the bottom! (3) 11 Tried playing boN in it with the boss (6) 12 It pursued the rats running in the passage (6) 13 I'm787 words
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SPORTS
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416 1985-12-07 7 AFP BRITISH SPORT needs an additional £5.25 million from the government in the next 30 months if it is to resist an "ominous challenge" at the next Olympic Games, according to Olympic 1500 m champion Sebastian Coe. A British Sports Council Committee,AFP - 416 words
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346 1985-12-07 7 AP MATS WTLANDER appeared on his way to his third successive Australian Open tennis final yesterday when Melbourne's fickle skies opened up again. The 21-year-old Swedish star led unseeded Yugoslav Slobodan Zivojinovic 7-5, 6-1, 0-1 when the rain that has been so muchAP - 346 words
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Article, Illustration760 1985-12-07 7 BRIAN MILLER - By BRIAN MILLER IT'S GOING to be Leyal C*mmlffilM for the Vase and St Gallen for the Cup. That's the way I see it going down when the season's first double-header gets off in Ipoh tomorrow. The Sultan's Gold Vase760 words
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387 1985-12-07 7 WALTON MORAIS - By WALTON MORAIS AFTER A satisfying performance in the Malacca Open last week, Mikiko Ohta looks set to dominate Changi's monthly medal competition for ladies today. The six handicapper, who last week finished second behind runaway winner Kee Bee Khim in Malacca, is387 words
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328 1985-12-07 7 AFP A BARKING BABOON cost veteran American Lee Trevino the outright first-round lead in the Sun City USsl-million golf challenge at the Gary Player Country Club course in Sun City on Thursday. At the end of the first 18 holes TrevinoAFP - 328 words
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Article, Illustration624 1985-12-07 7 AP A TUMULTUOUS YEAR has ended in chaos for John McEnroe, perhaps signalling the beginning of the end of a brilliant tennis career. It came to a halt at the Australian Open, the final 1985 Grand Slam event, where things got off to aAP - 624 words
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Page 7 Miscellaneous
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Miscellaneous1259 1985-12-07 7 w qgjj) mm n CENTRESTAGE Tha Doubt* Dealer 8.30 pm, Channel 12 This 17th century classic play by William Congreve is set in the grand house of Lord Touchwood and revolves around the antics of the guests assembled for the coming marriage of Lord Touchwood's nephew Mellefont to Cynthia, daughter1,259 words
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Miscellaneous39 1985-12-07 7 i cp>rt'T MEAD NOR. T?ML_ > OF TY»IS DICTRT»OI u^fvreyeJ* COOUD m(2 fcßiSToto Be THirtKidG OF* 3 r/S J J U>H\CH ON£ IS > mf? BftSTOIO Co GO Ptfvio FY=>t< Him Tnec>/£ SLRPPIN/G? His THIGH VjOITH R TKRV€4_ SeoCHU££. ,"3^ fcl«339 words
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INTERNATIONAL STOCKS
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Article344 1985-12-07 8 AFP THE CITY of London is still trying to gauge the harm done by two major scandals, that of Johnson Matthey Bankers (JMB) and the Lloyd's insurance frauds. An opposition Labour Member of Parliament, Brian Sedgemore, has mounted an attack on the world's number twoAFP - 344 words
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Article159 1985-12-07 8 Reuter THE SALE of Friedrich Flick Industrieverwaltung KGAA to Deutsche Bank AG has raised new questions about the growing power and influence of the country's banks. Politicians have expressed concern that Deutsche Bank and the country's two other major banks, Commerzbank and Dresdner Bank, are ableReuter - 159 words
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329 1985-12-07 8 Reuter AMID THE HEAVIEST stock trading volume in over a year, and the fourth-heaviest ever, the Dow Jones Industrial Average on Thursday touched the 1,500 mark for the first time. It remained there briefly, before investors took profits and sent the average belowReuter - 329 words
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Article96 1985-12-07 8 DfC 05 a 17*, Imp Orf Inco 54%. 17% 44% -H 37* Inf an 18%. 20 Kerr Add 15*. 21% 34 3 000 Bonk Nova Scotia 14* 42* Mc BJodel 21 21% <> 34* 28h 35* 14* 17* 4 700 Caring O'Keete 12* Pancan Pet 34% Cmbl Kd Lk96 words
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Article200 1985-12-07 8 DEC 05 Rood Umsec Woolworth 600 1275 unch unch INDUSTRIALS MININGS A Alpha 975 25 180 -5 Anglos 3975 50 970 30 ***** 460 5 Blyyoors 1760 10 3300 50 Buffets 8375 50 1405 5 Charter 1000 unch 2375 75 2300 205 Cons Murch 1275 35 Cum« Finance 5005200 words
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Article678 1985-12-07 8 DCC 05 US$ Ale on Akjmm 27 Alcoa 36* Allegheny Lud 20S Allied Chem Cp 45S Afced Stores 66 Allis Chalmers 3* unch Am Bronds Inc 61V, Am Broadcast 120* unch Am Con Co 61* Am Cyonomid 56 -2* Am Elec Pwr 23* Am Express 50 V. Am678 words
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Article860 1985-12-07 8 Amsterdam DCC 05 Fh ABN 540 00 5 Aegon III 80 1 1 Ahold 75 70 1 Akio 137 00 1 AM£V 80 30 1.5 Amtos < Amro Bonk 97 00 06 Berkel 40 70 17 Boh Borvjmi 475 00 4 Botkofcs Bur Tet 121 00 2 3860 words
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Article50 1985-12-07 8 Reuter THE BRITISH government is referring Australian based Elders IXL Ltd's £1.8 billion bid for Allied-Lyons PLC to the Monopolies Commission, the Department of Trade and Industry said yesterday. Elders' bid of 255 pence per Allied share in loan notes or cash now automatically lapses. ReuterReuter - 50 words
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Page 8 Advertisements
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Advertisement594 1985-12-07 8 Afternoon Delights With The Cafe Vienna Difference 3pm 6pm 4 Ur>wii)d A with H W IC For business or leisure, indulge in a delightful afternoon with two selections from our wide assortment of Chinese cookies, Austrian fruit tartlets and cakes. And a cup of either coffee, tea, hot chocolate, Sanka594 words
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Advertisement8 1985-12-07 8 Stockholm pricoa wtrt unavailable. London stocks, back page8 words
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ASIAN STOCKS
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Article389 1985-12-07 9 HONGKONG: Share prices rose sharply yesterday, fuelled by bargain hunting on strong institutional demand. The Hang Seng Index gained 27.98 points to 1,721.89 after Thursday's eight-point setback brought the index below 1,700. Prices were buoyed by renewed takeover speculation surrounding Cheung Kong and Jar dine Matheson. Cheung Kong surged389 words
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Article274 1985-12-07 9 DEC 06 NT Lien Hwa Indus 1285 02 001 Non Yo Ptos 28 60 04 AH Sincere InAis 1 97 Pocitic Cons 1550 02 Asw Cement 22 20 0 5 Poctfic Elect Cathoy Cons 27 70 0 8 Wire 13 25 025 Chang Hwa Bank 43 60 unch Poolung274 words
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Article442 1985-12-07 9 TOKYO: Share prices fell sharply in moderately active trading yesterday as many of the blue chip electronics which led Thursday's rise failed to sustain momentum. The market average lost 70.58 to 12,793.53 after rising 52.91 on Thursday. Turnover was 340 mil- lion shares against 320 million previously. Brokers said442 words
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Article71 1985-12-07 9 DEC 06 Peso* Marsteel Oriental B 0014 i*»ch 014 0 005 Anglo Phi 0001 Apex Mirvng B AHas Coo H 0 0095 10 unch unch PLOT Podco B 37 50 05 Basic Petroleum Beogoet Con B CDCP 0 0022 90 unch unch San Miguel B Seofront 16 50 unch71 words
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Article423 1985-12-07 9 SYDNEY: Stocks closed easier yesterday, depressed by late endweek book-squaring selling and high local interest rates. Dealers said lack of interest in BHP by Bell chief Robert Holmes a Court was enough to weaken interest, and the market seemed to be entering a pre-Christmas consolidation phase. At the close423 words
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Article1415 1985-12-07 9 r v\>vr7~ BUSINESS TIMES, Saturday, December 7,1985 mm mm I Hongkong Tokyo Sydney D€C 06 HK J Jordirte Sec 1550 Mitsub Heavy 344 9 r\cr aa Hooker 190 -5 Ka Woh Bank SUSP DEC 06 Yw Mitsubishi 550 -11 ***** 1 C 1 211 1 Assoc In 11 Hotel1,415 words
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Article154 1985-12-07 9 BANGKOK: Tightened liquidity in the domestic money market and the closure of Singapore and Kuala Lumpur stock exchanges dampened investment sentiment on the Thai exchange. Prices fell across the board with the SETT Index falling successively in each of the week's four trading sessions to lose a total of154 words
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Article66 1985-12-07 9 Reuter HONGKONG Realty A Trust Co Ltd has sold its 60 per cent share of insurance company Wheelock Marden A Stewart Ltd (WMS) to Wallem Lambert Brothers Ltd of the UK for an undisclosed sum. HK Realty, a subsidiary of Hongkong A Kowloon Wharf A GodownReuter - 66 words
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479 1985-12-07 9 FERMENTA AB of Sweden, one of the world's largest and fastestgrowing biotechnology companies, is turning its attention to Singapore and Hongkong for expansion in Asia, including China. The vice-president for shareholder relations of Fermenta, Mr Tom Mellkvist, said the company was offering 700,000479 words
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96 1985-12-07 9 AP LOTTE, a Japanese business group, has been authorised to invest an additional US$25O million in a hotel under construction in Seoul. The Korean Finance Ministry yesterday said that the authorised investment was in addition to $50 million approved last March when the construction ofAP - 96 words
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175 1985-12-07 9 Reuter THE PHILIPPINE Securities and Exchange Commission (SEC) has approved the incorporation of the Philippine Sugar Marketing Corp (Philsuma) as the sole marketing arm for the country's sugar industry. Philsuma, a privately-owned company, will replace the statecontrolled National Sugar Trading Corp (Nasutra) which willReuter - 175 words
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Page 9 Advertisements
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Advertisement574 1985-12-07 9 %S) BRHBHBHHHHIi m m m W&B& rs- UIU r.P <— mm For a Rsranakan Buffet Lunch so good, even Nonyas feel at home. For over a decade we've been known for Peranakan Buffet lunches with a home-cooked flavour. You too can enjoy the pleasure daily, for only S$ 14.00+ per574 words
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Advertisement108 1985-12-07 9 HAPPY HOURS: spm 7pm daily If* a real happy timet Juat buy a drink and gat the aacond FREE Live entertainment too! I M mm i M at What's SO SPECIAL at the New Orleans Restaurant from December 2 December 24? .4 r. -a 1 Round up your office m108 words
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SHARE INFORMATION
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Article, Illustration4242 1985-12-07 10 A GREAT sigh of relief was heard in the viewing gallery of the local stock exchange yesterday as share prices halted their steep decline, did an about-turn and started to rise strongly. Short-covering by locals and active bargainhunting by foreign institutional clients4,242 words
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Article288 1985-12-07 10 SINGAPORE Rises Indicts Dec 5 Dec 6 FAN 585 45 BT Composite 531 27 552 54 s r h 595 40 BT Indrcotor *****42 *****62 DuH Dev 580 40 BT OB/OS -690 -588 Sci Hortomos 223 28 BT CAM -6299 -6225 Tot Lm Bont 1 228 26288 words
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Article4651 1985-12-07 10 BID and offer 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".4,651 words
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THE PAN-EL CRISIS
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Article, Illustration477 1985-12-07 11 BRIAN GOMEZ - By BRIAN GOMEZ SMALL INVESTORS in Malaysia have been advised by Finance Minister Daim Zanuddin not to be panicked into selling shares in the market. On Thursday, a wave of selling wiped Mslo billion off the capitalisation of the Kuala Lumpur477 words
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Article159 1985-12-07 11 TWO VESSELS owned by subsidiaries of marine and salvage company Selco, the marine arm of Pan-El, have been seized by companies claiming they are owed money by the shippers. The Selco Giant 2, a 9,399tonne jacket launching pontoon built in 1975, was seized by Sembawang Shipyard,159 words
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Article519 1985-12-07 11 SHARE PRICES at the Kuala Lumpur stock market yesterday recovered front Thursday's drastic fall as investors engaged in bargain hunting and covering activities. Most counters managed to record moderate gains but closed off-best as profit-takers moved in at the final hour. The market opened higher519 words
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Article275 1985-12-07 11 Monogers' prices MARA-Bumiputra for Dec 7 Fwst B'putro 4 73 4 78 Singapore Unit Trust The Commerce 1 '3 120 Second B'putro 4 38 4 43 Third B'putro Fourth B'putro 3 59 3 64 392 397 Fifth B'putro Sixth B'putro 2 56 2 61 The Savings Fund 0275 words
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Article111 1985-12-07 11 HONGKONG Thursday Hong Seng Index Week ago 1462 6 Friday 1721.89 Thursday 1693.91 NEW YORK Week ago 1716 95 Dow Jones TOKYO Thursday 1482 91 Wednesday 1484 40 Nikkei Average Week ogo closed Friday ***** 53 Thursday ***** 11 Week ogo ***** 27 Standard Poors Thursday 203 88111 words
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Article, Illustration137 1985-12-07 11 DATUK MOHAMED bin Rahmat, the Malaysian investor who became a director of Growth Industrial Holdings less than four months ago, has resigned from the board. GIH informed the SES yesterday that Datuk Mohamed Rahmat, an ex-Malaysian Cabinet minister and currently Member of Parliament137 words
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Article582 1985-12-07 11 CHAN OI CHEE - By CHAN OI CHEE ANOTHER TAN KCX)N SWANrelated company, Sigma International, is facing the threat of being put under receivership by frustrated and jittery bankers. Sigma's fate will depend on the outcome of a rescue plan still being worked out for troubled Pan-Electric Industries in which582 words
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Article3872 1985-12-07 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. NXiS TRIALS A Choc 2 80S) AISB (0 78S) (16)3,872 words
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Article213 1985-12-07 11 MALAYAN BANKING Berhad: 25th AGM at 92 Jalan Bandar, Kuala Lumpur today at noon. MALAYSIA BORNEO FlMiee Carparatlaa (M) Berhad: EGM at the Penthouse. 23rd Floor, Plaza MBf, Jalan Ampang, ***** Kuala Lumpur on Monday, Dec 9, at 10 am. PALM CO HOLDINGS Berhad: 9th AGM at the213 words
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561 1985-12-07 11 Reuter HONGKONG AND KOWLOON Wharf and Godown Co Ltd is likely to report on Monday that its interim profit has risen about 17 per cent from a year ago, aided by strong gains by its property and hotel operations, stock analystsReuter - 561 words
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Page 11 Advertisements
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Advertisement173 1985-12-07 11 IN THE MATTER OF THE COMPANIES ACT, CAP 185 AND PERKASA ANDALAS IRON STEEL PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 308 of the Companies Act, Cap 185 that a Final Meeting of the Members of the abovenamed Company will be held at Blk173 words
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Advertisement260 1985-12-07 11 NOTICE IN THE MATTER OF SELCO SALVAGE LTD AND SMIT TAK INTERNATIONAL OQFAN TOWAGE AND SALVAGE COMPANY LTD. To the Owners of 1. "AMETHYST" 6. "ORIENTAL IMPORTER" 2. "GAZ FOUNTAIN" 7. "M. VATAN" 3. "NINEMIA" 4. "CAPE GWARDER" 5. "NORDIC TRADER" and to the Owners of the cargo, containers, bunkers260 words
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464 1985-12-07 12 ALVIN TAY - By ALVIN TAY THERE WERE FEWER CARS on the road at end-October compared with the previous month the first monthly fall since 1977 in spite of the many desperate moves by car dealers to boost sales. But the good news for motorists464 words
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283 1985-12-07 12 ALTHOUGH the increase in tourists this year will be marginal, tourism, as the third highest foreign exchange earner, will still play an important role in the economy. This is the view given by Dr Tony Tan, Minister of Trade283 words
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Article83 1985-12-07 12 Reuter HONGKONG'S Financial Secretary, Sir John Bremridge, who successfully steered the colony's economy through a difficult political crisis, will retire next year. Sir John, who has held the post for five years, will be replaced by Secretary for Eco- nomic Services Piers Jacobs in theReuter - 83 words
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183 1985-12-07 12 THE QUICK RECOVERY of the stock market yesterday was described as remarkable by a former American secretary of commerce, Mr Peter Peterson. Mr Peterson, who met Monetary Authority of Singapore managing director J Y Pillay in the afternoon, said he was impressed with the speed183 words
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Article52 1985-12-07 12 SINGAPORE is to be the first Third World country to quit the United Nations Educational, Scientific and Cultural Organisation (Unesco). It is believed that Singapore will not reconsider its withdrawal which is to take effect at the end of the year. The withdrawal is due to52 words
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382 1985-12-07 12 A FALL of 3.1 per cent in the number of tourists in October has made it a virtual certainty that overall growth this year will be down to around one per cent. The latest Singapore Key Indicators published by the Department of382 words
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Article, Illustration558 1985-12-07 12 PRIME MINISTER Lee Kuan Yew and President Ronald Reagan were yesterday held up as two examples of national leaders with good skills of communication. Both had mastered the art of persuasive speaking or writing rhetoric said Sir Randolph Quirk, a leading authority on558 words
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Article904 1985-12-07 12 SHARE PRICES opened mixed yesterday on the last day of the fortnightly account. Early trading interest was small and at 11.40 am, the FTSE 100 Index was 2.8 points down at 1,392.8. INDUSTRIALS Dec 05 Pence ACed-Lyons 278 Ass Danes BTR PLC 358 Babcocks 175 Barclays 432 B*«cham904 words
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Article, Illustration428 1985-12-07 12 THE ARCHITECT of Singapore's economic prosperity, Dr Goh Keng Swee, received the country's highest award from President Wee Kim Wee last night. The citation on his Order of Temasek, First Class, read: "If Singaporeans now enjoy prosperity they dared not dream of 25 years ago428 words
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Article171 1985-12-07 12 Bernama SINGAPORE AIRLINES (SIA) was sued yesterday for one million pesos (about $125,000) in damages before the regional trial court in Cebu City in the Philippines for alleged breach of contract. The suit was filed by sue Filipino professionals who alleged they were leftBernama - 171 words
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Article121 1985-12-07 12 Reuter COMEX gold futures drifted lower on light selling yesterday as traders adjusted the books prior to the weekend meeting of Opec oil ministers. Spot gold was off US$O.7O at $322.20 an ounce. The leading February delivery lost $0.80 at $326.10, with early selling leveling offReuter - 121 words
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Article66 1985-12-07 12 Reuter THE US stock market was sharply and broadly lower in early trading yesterday, continuing a pull back that began late in the previous session. The Dow Jones industrial average, which rose to 1500 at midday on Thursday but then dropped 17 points, was down another 12Reuter - 66 words
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LATE FILE
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Article34 1985-12-07 12 Reuter INDONESIAN Foreign Minister Mochtar Kusumaatmadja said yesterday he would go to Bangkok to clear up confusion over plans for a "cocktail party" aimed at bringing together Cambodia's warring factions.Reuter - 34 words
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Article35 1985-12-07 12 AP JAPAN'S economy grew an inflation-adjusted 0.6 per cent in the July-September quarter this year, down from 1.4 per cent in the April-June period, the Economic Planning Agency announced yesterday. APAP - 35 words
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Article38 1985-12-07 12 Reuter LEBANESE Prime Minister Rashid Karami announced yesterday that police and army units would take control of security in West Beirut from Muslim militias that have repeatedly plunged the city into violence. ReuterReuter - 38 words
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Article55 1985-12-07 12 Reuter BRITAIN and the US yesterday signed an agreement to cooperate on research in President Reagan's Star Wars space defence programme. US Defence Secretary Caspar Weinberger and his British counterpart, Michael Heseltine, signed an accord laying down 18 areas of research which BritishReuter - 55 words
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Article54 1985-12-07 12 Reuter THE TAIWAN Finance Ministry will offer more incentives to local companies willing to be listed on the local stock market. Finance Minister Robert Chien said the incentives would include exemption from security transaction tax and capital gains tax and a 15 per cent reduction inReuter - 54 words
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Article37 1985-12-07 12 UPI OPEC OIL ministers were given the bad news yesterday as they prepared for their year-end conference oil consumption continues to fall in the non-communist world because of fuel conservation measures. UPIUPI - 37 words
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Article54 1985-12-07 12 UPI THE US will lend its support to free elections in the Philippines but will not intervene to ensure the military does not subvert the democratic process, Mr Michael Armacost, the Under-Secretary of State for Political Affairs, said at a World Affairs Council of OregonUPI - 54 words
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Page 12 Advertisements
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Advertisement135 1985-12-07 12 EXECUTIVES, HERE IS OriE PRDBLEITI UJHIOH VOL! DOfI'THRUE TO SDLUE On Thursday December 12, Business Times will give you something very precious time to think about your business instead of worrying about your Christmas gift list. Included in the supplement wfl be: Special gifts for special customers A connoisseur's guide135 words
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Page 12 Miscellaneous
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Miscellaneous58 1985-12-07 12 mama Outlook for today: Occasional showers light and moderote which will dear by midnight. Report for 24 hours prior to 7 30pm on Dec 6 at the airport: Maximum temperature 32.0 Associated humidity 65 Minimum temperature 24.3 Associated humidity 95 Hours of sunshine 6 20 Rainfall in millimetres 8.6 Rainfall58 words
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