The Business Times, 19 April 1986
1986-04-19
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The Business Times
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Title Section13 1986-04-19 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, APRIL 19, 198 C 75 CENTS13 words
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Article139 1986-04-19 1 PRESIDENT REAGAN will ask Congress for US$l5O million in new economic and military aid to the Philippines, in addition to speeding up payment of $240 million already approved. Under-Secretary of State Michael Armacost said yesterday that Mr Reagan would also ask Congress to139 words
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Article85 1986-04-19 1 Reuter SUSTAINED FALLS in interest rates have allowed major banks to cut their UK base lending rate. Barclays Bank PLC led the Vi point cut announcement yesterday and the Bank of England endorsed the move by lowering its money market dealing rates by a similarReuter - 85 words
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Article, Illustration488 1986-04-19 1 LEE HAN SHIH - Former chairman highlights advantages of soft market By LEE HAN SHIH, Property Correspondent THE PRESENT soft property market offers buying opportunities for DBS Land to build up its land bank, says its488 words
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496 1986-04-19 1 THE BIG FOUR BANKS have decided to charge up to a maximum of $4 in administrative fee per 1,000 shares for CPF members trading under the Approved Investment Scheme, regardless of which broker handles the transaction. The banks, which have been496 words
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Article, Illustration68 1986-04-19 1 BARGAIN HUNTERS Mi riMft caverers pmM Mae efcftp rinrrs ■pMthe flappirr stock market y The Strait* Times lidutrUl iMfex ciwei UE Hats higher at SSS.M while the mare hraailykaaed BT Campmlte latex nm 4.83 psiats ta 4MM. Tarasver remihri itaappalatlagly law with 1.82 mllllaa shares wsrth $14.5 mMI»68 words
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350 1986-04-19 1 WALTON MORAIS - By WALTON MORAIS AN ALLEGED ATTEMPT to rig the Singapore Turf Club's Four Digit lottery draw ended in court yesterday when two men were charged with offering bribes, while another two are being sought by the Corrupt Practices Investigation Bureau. The350 words
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Article107 1986-04-19 1 Reuter THE JAPANESE were told yesterday to broaden their outlook and start enjoying the affluence they have won. A panel commissioned by Japan's powerful Trade A Industry Ministry said Japanese "will need to devise a new lifestyle appropriate to the new age. They willReuter - 107 words
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407 1986-04-19 1 JAIME LYE - By JAIME LYE THE PROBLEM of too many hotel rooms chasing too few guests means the situation is going to be worse then expected, according to a recent study by the Singapore Hotel Association. The Ministry of Trade and Industry has predicted an already407 words
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188 1986-04-19 1 Reuter LIBYA'S ambassador to the United Nations says his government is prepared to talk to the US about the cycle of violence between the two countries. Ali Treiki, speaking in a television interview in Washington on Thursday night, accused theReuter - 188 words
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Page 1 Advertisements
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Advertisement100 1986-04-19 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Questionable debts, Page 3 Challenges Met, Opportunities At Banque Indosuez, we turn challenges into opportunities. We have applied our expertise in Treasury, Foreign Exchange and Capital Markets and have designed new products, techniques and strategies to help you cope with increasingly complex and difficult100 words
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Advertisement250 1986-04-19 1 SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE CROSSWORDS TV A RADIO DOONESBORY OUR VIEW POLITICIANS AND ACTORS are virtually interchangeable in this day and age. From New Zealand to America, the stars con turn their hands to peace negotiations or histrionics. It doesn't much matter which, so long250 words
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Advertisement0 1986-04-19 1 }:$}>&!\.'_*@/{=>^??\;{"$~{\/!;0 words
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Advertisement55 1986-04-19 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Crisis in tha Mediterranean, Pag* 4 T I TAN WELL DEFINED BODY STRONG, SCULPTURED LINES INFINITELY HANDSOME SPACE AGE TECHNOLOGY £1 Wi 1 V\od«?l No 9029 5060 a r V 11 Setting the standard for the world for the future. oweMl TUB* SEIKO HSCT55 words
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HOME NEWS
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482 1986-04-19 2 ELAINE KOH - By ELAINE KOH PETITIONS to wind up companies were being filed in the Court at the rate of almost three a day in the first quarter of this year. Winding-up notices were filed against 252 companies during the January to March period, a rise482 words
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195 1986-04-19 2 THE PRIVATE SECTOR should follow up on leads and efforts made by the Government to identify opportunities for local businessmen, said Dr Lee Boon Yang, Minister of State (Trade Industry), at the end of a visit to Beijing recently. Dr Lee, who is heading a195 words
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273 1986-04-19 2 A 15-MEMBER council has been appointed by the government to give a harder push to the promotion of fire safety awareness the lack of which has been the major cause of fires. The National Fire Prevention Council, with representation from the public273 words
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Article92 1986-04-19 2 THE HOUSING and Development Board recorded 70 fires last year linked to household refuse discarded in the void decks of HDB flats. The board spent about $124,000 on repairs to lifts and other property destroyed when furniture, newspapers, carton boxes and other rubbish caught92 words
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197 1986-04-19 2 THE CENTRAL Provident Fund Board is to provide free training to payroll staff of commercial companies to help them process monthly CPF payment schedules more efficiently. This follows encouraging response to a pilot programme carried out by the Board last month with 72 people197 words
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Article, Illustration267 1986-04-19 2 GOH YEE LING - By GOH YEE LING YOU DON'T HAVE TO LOOK a wreck to go shopping at a new boutique in Far East Plaza, but if you did, you would not look out of place. With fallen beams and crudely constructed wooden racks, the shop, named Rescue,267 words
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Article281 1986-04-19 2 DBS BANK has set up a productivity steering committee headed by its president and comprising all its executive and senior vice-presidents. In the March 1986 issue of its in-house newsletter, Banknotes, DBS Bank said it was placing maximum emphasis on raising productivity to create an environment281 words
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Article185 1986-04-19 2 MEMBERS OF the nonaligned movement should rethink their approach to economic issues, perhaps even experiment with new ideas, to bring about a new international economic order given the problems confronting the world economy. "Liberal trading and mar-ket-oriented practices would allow for greater participation in the185 words
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Article95 1986-04-19 2 CITIBANK yesterday reduced its housing loan rates by one-quarter percentage point and added an extra sweetener for first-time private home buyers who receive a quarterpoint rebate on existing rates. This is similar to Credit POSB's move last year. Citibank's rebate is valid for the duration95 words
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274 1986-04-19 2 LOH HUI YIN - By LOH HUI YIN PETROL SALES are unlikely to drop after yesterday's price increases of about 2.7 cents a litre, oil companies told BT. At most, the price rises would only curb the small increase in sales which the companies have been enjoying274 words
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Article245 1986-04-19 2 CEREBOS PACIFIC will look to its quick-fix rice porridge products to spearhead sales and profits growth in the Far East in the next three years. It also has plans to use hightechnology packaging systems developed in Australia in its Singapore operations. Cere bos, a245 words
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341 1986-04-19 2 AMERICAN electronics giant Motorola will introduce a flexible wage system in its Singapore operations, which will see profits being shared with employees if targets are exceeded. Motorola Electronic's 11,000square metre factory in Ang Mo Kio will introduce the "participative management programme" for341 words
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Article526 1986-04-19 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Alfarabi Al Confidence Amazon Auby Builder 3 Crystal Queen Kota Ratu S'thern Glory K19 K36 K16 K25W K23 K17 K31 K28 Unipocific Kim Shpg Borneo SSPL Thong Soon Borneo PH. S'pore Shp alongside alongside alongside alongside alongside526 words
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OVERSEAS
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243 1986-04-19 3 AFP MANILA does not rule out repudiating questionable portions of the country's foreign debt as a means to economic recovery. Economic Planning Minister Solita Monsod told a gathering of businessmen on Thursday that the basic problem facing the ailing economy was "a debt burden tooAFP - 243 words
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Article, Illustration194 1986-04-19 3 AFP PHILIPPINE Defence Minister Juan Ponce Enrile has said he was concerned about demonstrations supporting Ferdinand Marcos and invited the leaders to talk with him. The Philippine News Agency (PNA) reported that Mr Enrile was concerned over a possible outbreak of violence and hadAFP - 194 words
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Article807 1986-04-19 3 ARRIVALS Operator Service Local From number time cv CV796 0845 LUX/DXB MAS MH811 0910 PEN MAS MH671 0920 KUL CAL C1806 0945 CGK SIA SQI03 0950 KUL CPA CX7I0 1015 CGK AC AC858 1020 YYZ/LHR/BOM RBA ***** 1030 BWN GIA GA960 1100 CGK SIA SQI05 1105 KUL807 words
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141 1986-04-19 3 AP THE BEIJING municipal government will charge heavy users of water up to 20 times the usual price to help ease the city's chronic water shortage, news reports said on Thursday. Most cities in North China have serious water shortages like that in Beijing, whereAP - 141 words
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238 1986-04-19 3 Reuter MOSCOW'S promise to help the United Nations peacekeeping force in Lebanon for the first time marks a sharp turn in Soviet policy, western diplomats have said. Some of them saw the move as consistent with Moscow's desire to enhance its image in theReuter - 238 words
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Article83 1986-04-19 3 Reuter THE SOVIET UNION, in a gesture of support for the financially-troubled United Nations, has pledged a voluntary gift of US$lO million, according to an official announcement on Thursday. Secretary-General Javier Perez de Cuellar had said that the organisation was in its worst financial bindReuter - 83 words
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Article92 1986-04-19 3 AP HONGKONG'S subway lost US$lO2 million last year, compared with a loss of $46 million the year before. CW Newton, the chairman of the Mass Transit Railway Corp. said on Thursday that the subway would start making a profit in the *****. He saidAP - 92 words
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116 1986-04-19 3 Bernama IT IS A "social sin" to import food items that can be produced domestically, Malaysian Trade and Industry Minister Tengku Razaleigh Hamzah said yesterday. Expressing the government's worry over the high food import bill, the minister said that every year, 31 typesBernama - 116 words
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239 1986-04-19 3 AP THE SHARE of US investments in developing countries has dropped steadily a portent of fewer new jobs for Americans in the future. "The developing nations constitute the world's fastest growing markets, and for the most part they are only in the earliest stagesAP - 239 words
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Article137 1986-04-19 3 Reuter LEADERS of the British Prison Guards' Union have predicted chaos in the nation's jails after winning a mandate to call for industrial action in support of demands for extra staff. Prison officers voted by almost five to one in favour of all formsReuter - 137 words
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234 1986-04-19 3 AP ELECTIONS for Malaysia's parliament and 11 state legislative assemblies are expected to be held between May 1 and 4. The New Straits Times, in a bannered article quoting political observers yesterday, said Prime Minister Mahathir Mohamad was expected to announceAP - 234 words
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Article, Illustration435 1986-04-19 3 FT MR YASUHIRO NAKASONE, the Japanese Prime Minister, has run into criticism from his own ruling Liberal Democratic Party over the extent of his promise to President Reagan to reform the domestic economy. A typical LDP reaction was provided on Thursday by Mr Susumu Nikaido,FT - 435 words
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158 1986-04-19 3 UPI THE JAPANESE Finance Ministry will buy 200 tonnes of gold worth about US$2 billion in the US and Europe. A Japanese newspaper, the Nihon Keizai Shimbun, reported yesterday that about 100 tonnes will be purchased in the US and theUPI - 158 words
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195 1986-04-19 3 UPI FINANCE MINISTER Noboru Takeshita, predicting a US discount rate cut is imminent, said yesterday Japan will take quick action to follow suit. "We have to do things quickly," Mr Takeshita said, referring to anticipated discount rate cuts by the US andUPI - 195 words
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Page 3 Advertisements
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Advertisement45 1986-04-19 3 I J i J I J Every Tuesday, Thursday, Saturday I I I f/~\Y and Sunday. Leaving Changi Airport I V' -J* at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent Effective 27/4/86. AIR CANADA45 words
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Advertisement316 1986-04-19 3 The Economist Quiz How doyou rate on current affairs and world business? Give yourself a quick test with these questions on subjects covered by The Economist during the past few months. Check your score with the answers printed upside down at the bottom of the page. YES or NO 1316 words
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CRISIS IN THE MEDITERRANEAN
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Article, Illustration546 1986-04-19 4 Reuter, UPI ONE AMERICAN GOAL in attacking Libya is to encourage opponents of Libyan leader Muammar Gaddafi within the armed forces, says Secretary of State George Shultz. It is the first time an administration official has publicly gone beyond the explanation thatReuter,; UPI - 546 words
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319 1986-04-19 4 Reuter PRIME MINISTER Margaret Thatcher faces criticism over her support for the US raid on Libya as anti-British reprisals are unleashed from Beirut to London. With Britons murdered and kidnapped and an attempt made to blow up an airliner over England, opposition Liberal leader DavidReuter - 319 words
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222 1986-04-19 4 AFP THE SOVIET UNION, in its strongest reaction yet to US attacks against Libya, has called for UN "urgent measures" to stop the "extremely dangerous" US "aggression". Tass official news agency said on Thursday that Soviet Foreign Minister Edouard Shevardnadze had appealed to UNAFP - 222 words
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439 1986-04-19 4 NYT THE PENTAGON has made public more details on the raid against Libya that showed that almost a third of the air force F-11l fighter bombers aborted their missions and did not carry out their planned attack. Eighteen F-llls were on the mission, said theNYT - 439 words
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233 1986-04-19 4 UPI SENATE REPUBLICAN leader Robert Dole has introduced legislation that would give President Ronald Reagan a free hand, without congressional interference, to deal with terrorism militarily. He said there was no nGed for lawmakers to add their "two cents" beforeUPI - 233 words
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RAW MATERIALS
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Article301 1986-04-19 4 SINGAPORE THE MARKET yesterday closed steady with May One RSS buyers quoted at 164.50 cents per kilo, unchanged from Thursday. The morning session lost 0.50 cents on lack of interest and fresh factors in very quiet trading. Prices hovered narrowly in dull and featureless afternoon trading on continued lack301 words
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Article326 1986-04-19 4 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers kit 1 RSS Prompt 164 00 165 00N 164 50 I65 50N Int 1 RSS Moy 86 164 00 165 00 164 50 ***** Int 1 RSS June 86 164 00 165 00326 words
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Article99 1986-04-19 4 THE PRICE s( tfn m the KLTM rese five cents to M 514.75 per Idle ei reaewed baylag Interest. The market opeaed at Tharsday's level with bids tor CT tonnes bat miners were net keen to dlspssc at this level. Taraever (ell to 42 tonnes (rem 46. Dealers99 words
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Article66 1986-04-19 4 Bangkok (US$/tonne, FOB) White Rice 100% 1st doss 240 100% 2nd class 215 100% 3rd class 210 5% 200 10% 195 15% 190 20% 180 25% 170 35% 165 Broken Rice A-l Super 115 A-1 Special 112 C-l Special unq C-1 Ord unq Loonzoin Rice 100% 1st grade unq66 words
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Article258 1986-04-19 4 WHEAT FUTURES on Thursday closed mixed on the Chicago Board of Trade, ranging from up 4-1/4 US cents per bushel in old crop May to off 1/4 cent in new crop. May settled at US$2.B4-1/4 after posting a 6-1/2 cent range on the day. Available supplies of SRW wheat258 words
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Article250 1986-04-19 4 SOYBEAN FUTURES on Thursday rallied to close three to 1-1/2 US cents per bushel higher on the Chicago Board of Trade, with May settling at U555.24-3/4 after posting a 5-3/4 cent range. The rally in the neighbouring soyoil pit sparked local short-covering in soybeans, which found little overhead selling250 words
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Article104 1986-04-19 4 (cents/kg, 1-ton pollers) MAY 86 JUNE 86 (current month) (forword month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 155.50 I57 50N 156 50 158 50N SSR 50 152 50 154 50N 153 50 155 50N MRELB Buyers Sellers Buyers Sellers SMR CV ***** *****N 211104 words
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Article144 1986-04-19 4 Chinese Produce Exchange Sellers' noon closing prices on Apr 18 (S$/100 kg). Coconut oil Bulk FOB 50 00 Old drum FOB 6300 New drum FOB 67 00 Copro Mixed (loose) 28 buyers Pepper Muntok White FOB NLW 1195 00 Sarawak White FOB foq NLW 1180 00 Sarawak special144 words
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Article201 1986-04-19 4 MALAYSIAN crude palm owl prices yesterday closed lower on persistent selling and buyer reserve ahead of the weekend in sympathy with weaker palm oil futures. The market discounted a higher Chicago soyoil futures close on Thursday night, as sentiment was dampened by talk India settled for Indonesian origin201 words
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Article774 1986-04-19 4 COFFEE ROBUSTA COFFEE futures finally gave in to the pressure of firmer sterling against the dollar on Thursday afternoon, to end a volatile day around the middle of a maximum £66 traded range, with pared gains from Wednesday night of £8 to £5 a tonne, dealers said. At774 words
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Page 4 Miscellaneous
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Miscellaneous90 1986-04-19 4 Doonesbury 6HAB BA6, MICHAEL DEAVER, HUfLUAM J. CAGEY, MICHAEL FROST, 6ERALVP. CARMEN, ROBERT OXFORD, EP6AR CALLAHAN, ANPOM& Z.WICK.' H Sf& OKAY, BEFORE UE CONTINUE tufTH this sorpip utile exercise, rr probably behooves US TO STOP ANP QUESTION THE BASIC FAIRNESS OF A ROLL-CALL\ OF SHAMS. ■■t'M* kM ite BY GARRY90 words
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BANKING AND FINANCE
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443 1986-04-19 5 Reuter THE US DOLLAR continued to look vulnerable in the light of its failure to rally on Thursday's encouraging US GNP figures but its immediate prospects were unpredictable in quiet pre-week-end trading, dealers said. Its continued softness overnight, in spite ofReuter - 443 words
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144 1986-04-19 5 Reuter LATEST BANKING data provide fresh evidence that the Fed is poised to cut the discount rate. Even after Tuesday's surprising injection of reserve through two-day system repurchase agreements, some suspicions lingered that the drop in the Fed funds rate below theReuter - 144 words
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467 1986-04-19 5 Secrecy still allows despots' assets to be recovered Reuter SWITZERLAND'S action in freezing the assets of former Philippines President Ferdinand Marcos and ousted Haitian President Jean-Claude Duvalier has confirmed a truth but exposed a myth about the world of Swiss banking. The truth isReuter - 467 words
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242 1986-04-19 5 CALIFORNIA-BASED First Interstate Bancorp will issue the first continuously-offered Euro medi-um-term notes in the Euro dollar market, said Merrill Lynch Capital Markets in New York. The issue, of up to US$l5O million of Euro-medium term notes, will be offered in maturities of one242 words
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Article119 1986-04-19 5 Reuter TOTAL FUTURES and options turnover has reached a new record volume of 44,815 on the London International Financial Futures Exchange (Liffe), compared with 41,025 on March 6, Liffe figures show. Futures turnover was a new record 41,534 contracts compared with 40,361 on March 6, andReuter - 119 words
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267 1986-04-19 5 Reuter GERMAN BANKS are heading for another year of bumper profits after a good start to 1966, following record earnings in 1985. Once again, banks' dealings on their own account in securities and foreign exchange will be of crucial importance. "Trading on ownReuter - 267 words
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Article62 1986-04-19 5 HONGKONGBANK of Australia's Perth branch was officially opened on Thursday, the bank's third in Australia, after branches in Melbourne and Sydney. Mr William Purves, the chief executive of the parent bank in Hongkong, said: "We are here because Western Australia is the fastest growing state in62 words
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MONEY AND EXCHANGES
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Article904 1986-04-19 5 SINGAPORE THE US dollar yesterday lost its early gains against most major currencies to close easier in thin late trading. It fell to a late 2.2160/75 marks from an early 2.2345/55 and New York's 2.2275/90 close and to 1.8550/65 Swiss francs from 1.8670/80 and 1.8570/90 respectively. The dollar904 words
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Article249 1986-04-19 5 Interbank rates at 3pm yesterday: C UfTWKtM Nominal rata Smithsonian Bid Otter cr< >M parity change Local dollars to one unit of foreign currency US do*or 2.1815 2.1825 2 8196 -22 63 Sterfcng pound 3 3071 3.3108 7 3469 54 99 Australian dollar 1 5597 1.5626 3 4286249 words
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Article, Illustration319 1986-04-19 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet trading. One month closed at 611/16 6-9/16 per cent, two to nine months at a common 6-5/8 6-1/2 per cent and one year at 6-11/16 6-9/16 per cent. Short-dates were little changed at slightly lower opening319 words
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Article96 1986-04-19 5 RESULTS OF TENDER held on April 18 for 91-day Treasury bills to be issued from April 21 to 25: Offered: $100,000,000 Applied far: $181,350,000 AlleUed: 1100,000,000 Accepted bids: $99.35 approximately 60 per cent, higher bids in full. Average rate of dlsceaat on alletmeat: 2.590 per cent per annum.96 words
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Article397 1986-04-19 5 BA Futures FALLOWING the unexpected GNP growth of 3.2 per cent on Thursday night, EanMw futures yesterday opened lower than Thursday's close in Simex but unchanged from IMM's close. The June contract traded sideways between 93.61 and 93.60 after opening at 93.62. The market still remained firm in quietBA Futures - 397 words
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Article276 1986-04-19 5 HONGKONG: GOLD yesterday closed with pared gains because of late profit-taking but sentiment was buoyed throughout the day by reports that Japan planned purchases of 200 tonnes of gold from overseas. The bullion price ended at U*****.90/341.30 an ounce after touching a day's high of 343.20/70. This compared with276 words
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Article67 1986-04-19 5 THE OVERNIGHT rate on the Singapore interbank money market rose by 1/8 point from Thursday to close at 4-7/8 per cent yesterday. The term rates and the mode remained unchanged. S$ Interbank rates at 7pm yesterday: Otter Bid Over n,ght 4 7/8 4 3/4 l-mootti 4 7/8 467 words
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Page 5 Advertisements
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Advertisement232 1986-04-19 5 Get ahead. Get your own copy u -j'f>4_^ \-*X v y -*_AJL mean Make sure of your own copy of Business Times. Because an occasional glance at the office < getting left behind in the business race. Business Times is packed with information vital to the Singapore business scene. Information232 words
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TIME-OFF
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Article506 1986-04-19 6 ENDEMIC in the West, probably not so prevalent in the East, "The Disease" is not notifiable, but whether it's communicable could be open to debate. It doesn't even have a name so we have coined one. We propose that it should be known as "Limelight".506 words
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Article, Illustration1181 1986-04-19 6 What's on from April 19-25 EXHIBITIONS: Our Silver Heritage. National Museum. 9am-4.30pm. On display are both Malay and Straits Chinese silver objects which reflect the long history of Malay and Chinese art of silver work. Admission fees at $1 for adults and 50 cents for children ages six to1,181 words
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Article98 1986-04-19 6 IT WAS net until the 14th century that tapestries became popular 1b France. The works created centuries age are simply breathtaking. Against a single-coloured background of bine or pink, or one which is predominantly floral, the flgnres stand ont and give new life to every-day scenes.98 words
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Article, Illustration501 1986-04-19 6 MONICA GWEE - By MONICA GWEE THE WORD went quietly out on Thursday evening. "It's on," was the whisper. "The Dogs are going to play." Four hours later, beneficiaries of the grapevine were milling impatiently at Anywhere, the Tanglin Shopping Centre home-base of Tania. They had come501 words
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399 1986-04-19 6 SPIRIT OF THE WOODS is one of several devious disguises now ready for a taste trial at Thank God It's Friday (TGIF). The restaurant with a bit of everything at Far East Plaza has gone creative and native with a new menu of399 words
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Article257 1986-04-19 6 THE CENTREPOINT KIDS might tell you what trend is, but none is likely to come up with definitions of this sort, from an Italian company called Pitti Trend: "Trend look: To provoke, astonish, express itself, contend, insinuate itself, speak its own language, involve and get involved,257 words
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Article, Illustration531 1986-04-19 6 JEFFREY TSANG - By JEFFREY TSANG THIS WILL be a competition in every sense of the word, testing speed, strength and skill. But there will be no medals in store for the winners, just cheers, (maybe some jeers) and the pleasure of victory. In spite531 words
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Page 6 Miscellaneous
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Miscellaneous27 1986-04-19 6 [BriStcW.'FtaiLkl>ic&eDs| pnocc* ue'u- sock em U>lT h iNCorne. TBX Der^PvNDS CLOBBER Tuern UJITH TMC PMOKte Bill Follow thrt up ujith GojEjCTRICITY B»U„S VVSk m TV I_IC€JJC£. CtniMOG.CS27 words
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SPORTS
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471 1986-04-19 7 WALTON MORAIS - By WALTON MORAIS A SUPREMELY CONFIDENT Poh Ee Kiat fired a three-un-der-par 69 to hold a three-stroke lead at the half-way stage of the SICC Open golf championship at the New Course yesterday. The Singapore Open amateur champion sank three471 words
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Article120 1986-04-19 7 AP HIDDY JAH AN produced the biggest upset so far when he reached the last eight of the British Open squash championship in East Grinstead on Thursday. Jahan, born in Lahore but settled in London, won 9-4,9-7,9-5 against the seventh-seeded British national champion Phil Kenyon, thusAP - 120 words
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Article, Illustration506 1986-04-19 7 Reuter LARRY HOLMES, calling himself a maverick who has stopped trying to please anyone but himself, has said he was in Las Vegas for one reason to reclaim the heavyweight title from Michael Spinks tonight by a knockout. "My mission isReuter - 506 words
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Article402 1986-04-19 7 Reuter "THE SHIP is well and truly sunk and lying 20 fathoms deep. I have to congratulate Viv (Richards) and his men on a superb demolition job." Captain David Gower's appraisal of England's tour of the West Indies was succinct, honest and tinged with relief thatReuter - 402 words
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Article, Illustration721 1986-04-19 7 BRIAN MILLER - By BRIAN MILLER WITH NEXT WEEK'S Perak Derby foremost in everyone's mind, the day's fourth event should be the main race of the afternoon as it will bring together most of the Derby hopefuls. However, the way I see it. Race 3 the721 words
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Page 7 Miscellaneous
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Miscellaneous1065 1986-04-19 7 w to mm i Linda Hamilton and Michaal Nouri form two sidas of a lova triangle. SATURDAY NIGHT MOVIE Sacrata of a Mothar and Daughter 11.25 pm, Channal 5 Set against the lush background of Malibu coastline, the story tells how a one-time film star, Ava Pryce (acted by Katherine1,065 words
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Miscellaneous766 1986-04-19 7 CRYPTIC PUZZLE ACROSS 9 It's then that, perhaps, I meet with change (2, 3, 4) 10 Like the hard luck story told when asking for a loan? (8) 12 In Spam. I manage (4) 13 Courage is what you have if you live in a haunted house! (6) 14 It's766 words
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INTERNATIONAL STOCKS
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348 1986-04-19 8 Reuter FOREIGN INVESTMENT has played a key role in the US stock market's sevenmonth rally and should continue to do so in the foreseeable future. As the Dow Jones Industrial Average shot up more than 200 points in the final quarter of 1985,Reuter - 348 words
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Article118 1986-04-19 8 Reuter GUINNESS PLC said a combination of purchases and acceptances under its offer gave it control of 184.28 million shares in Distillers Co PLC, or 50.74 per cent, and it was declaring the bid partly unconditional. Further acceptances are still being counted. On Thursday, theReuter - 118 words
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286 1986-04-19 8 Reuter WALL STREET stocks finished at a record high for the second day in a row on Thursday, although the gain at the closing bell was modest. John Burnett of Donaldson, Lufkin Jenrette said the market has shown "amazing strength" in the faceReuter - 286 words
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Article123 1986-04-19 8 ami 17 C$ 24* Imp Oi Inco kit Prov P*>e 46* 21* 43* 22* Ale on 43* IS* Algomo IS*. 27 Bonk Mont Bonk Novo Scotia 33* 14* 40*4 Mossey Ferg Mc Bkxtt 2* 32 25* unch 2 37* Bp Resources 27 26 17* 20 -H 4* unch Conpoc123 words
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Article185 1986-04-19 8 AP« 17 Rood MININGS INOUSTtlALS A E C 1 1150 4150 -115 1100 190 10 1510 AfTHHWQO 540 5 Buffeh 6550 350 3900 1565 -5 2050 2650 1025 unch CNA 205 10 2300 25 vm -5 5000 -160 *****6 unch 202 -5 136 1 E R Props 1425 V>185 words
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Article636 1986-04-19 8 ami 17 US$ 31* Alcoo 42* unch Aleq tntl 23* Afced Sag 51* Afced Stores 40* Afci-Cholmers 5* Am BforxS Inc 34* Am Con Co 73* Am Cyonomid 69* Am Ele< Pwr 28 Am Express 67* Am Horn* Prod 87 Am Motors Cp 4* unch Am Tel Tel636 words
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Article889 1986-04-19 8 Amsterdam Aft 17 Fta ABN 584 00 unch 114 30 -07 Ahotd 78 30 unch Akio 181 20+0 4 Alrento 153 90 AMEV 86 60 0 7 103 20 +15 Ass Stod ***** 32 30 inch Borsumq 705 00 +15 Buehrmon Tetter ode 157 50 Calve 593 00889 words
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Page 8 Advertisements
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Advertisement228 1986-04-19 8 %ioi PJM I w )r.t> Royal Holiday Inn Singapore celebrates J:v« FjTFIY SECRETARIES' WEEK 1986 April 21 26 Garden Ballroom (2nd level) April 21 Ttacy A Carrie Chan of April 21 Ttacy Carrie Chan of Honeybee April 22 Ftllcla Wan Frey off FaManl Fashion House April 23 Tfcro Chan off228 words
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Advertisement139 1986-04-19 8 International Buffet At! $10.50* ONLY •K *c: C t' 1 i m The Fare: Besides a sumptuous international buffet, come and savour our air-flown oysters from New Zealand at $1.25* per piece. Daily from 11.30 am to 2.30pm. The Price: An appetizing $10.50* for adults and $B.oo* for children under139 words
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Advertisement172 1986-04-19 8 \ir I M X J Atthe leuMtmm Operating hours 8 00 pen to I 00 am la dor* charge $1500-'(F". Sat. Sun). 512.00-* (MootoThurs) Happy Houn: 4 00 pm to 8 00 pm A ONE FO« ONE Special Offer' Enqumn. can *****22 eta 1400 or 2038 Top bind n l»wan172 words
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Advertisement116 1986-04-19 8 It's Cherry Blossom Time at the unkai Japanese Restaurant from April 15 to 28. Come and indulge in an exquisitely prepared Japanese set lunch or set dinner from just $8.50f+ to $20.00++ Dinners on April 23 and 24 Include exciting fashion shows at 8.15 pm. Plus special sake concoctions for116 words
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Advertisement147 1986-04-19 8 London stocks on Pago 11 AND THE PERFECT COMBINATION GOOD MUSIC AND GOOD WINE GOOD FRIENDS AND LAUGHTER YOU AND YOURS AT THE LOUNGE. ROSEMARIE. DAISY. MANUELICA AND EMMANUEL WITH CHART TOPPERS. OLDIES AND ROCK N ROLL. PUT EVERYTHING INTO PERFECT COMBINATION FOR A PERFECT NIGHT OUT ENTERTAINMENT: Mori Thurs:147 words
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ASIAN STOCKS
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Article359 1986-04-19 9 HONGKONG: Share prices closed sharply lower yesterday as profittaking sent the Hang Seng Index below the key 1,800 level. The Hang Seng Index fell 21.60 to 1,790.40 while the Hong Kong Index fell 13.86 to 1,112.78. Cheung Kong eased 10 cents to HK$2l, HK Wharf five to $7.15 and359 words
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Article255 1986-04-19 9 APt IS AM Sntrt Indus NT 2 76 24 30 KoCn Kuochan Oev -0 02 Lee Chang Yuen Ch 0 3 M Indus 25 70 1970 22 80 unch 0 2 •0 1 32 30 12 75 02 Chang Hwa Bank Chang Loong O*o Hs»» Cement O*o Hsn Flour255 words
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Article355 1986-04-19 9 TOKYO: Share prices surged in heavy trading yesterday, led by heavy buying of Tokyo Electric Power and other domestic oriented issues. The market average climbed 271.77 to close at 15,758.61 after rising 128.48 on Thursday. Turnover was 800 million shares against 580 million on Thursday. Tokyo Electric Power rose355 words
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Article84 1986-04-19 9 APR 18 toot Oriental B 0 011 -0 002 Phil Overseas -0015 0002 Acofe Mmnq Anglo Phd z Phdex B 0 21 +0 005 Apex Mnng B .0011 unch Pic op B Aftos Con. B 16 1 PLDT 72 50 -2 35 50 ixich Basic Petro4«um 0 0036 000184 words
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Article443 1986-04-19 9 SYDNEY: Share markets closed at record levels yesterday, but strong demand for a few quality industrial stocks was tempered by losses in the mining sector. The All Ordinaries Index rose 2.3 points from Thursday's record close to a new peak of 1218.8, and the All Industrials gained 12.8 from443 words
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Article77 1986-04-19 9 APR 18 Woo Hyundai Const Hyundoi Motor KAL 1050 2335 1260 -15 35 +15 Bonk Seoul 806 26 810 ■29 Choheung Bk 770 820 38 -10 2185 -24 -5 38 29 3 -30 Korea Ship 481 +6 Do€t*n Ind Lucky Ltd 1166 -34 1241 Samsung Co II10 SB Dong77 words
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Article135 1986-04-19 9 BANGKOK: Stock prices closed lower again in slow trading yesterday in the absence of incentives. The Securities Exchange of Thailand said the set index dropped 2.43 points to 128.05. 107 -1 AN IS lakti Semnuk Siam Cement 439 72 Sam Citizens SUSP Ayudhya Investment Bangkok Agro-tnd Bangkok Bank Bank135 words
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Article67 1986-04-19 9 Reuter AUSTRALIAN GUARANTEE CORP, a unit of Westpac Banking Corp, has agreed to take an 80 per cent equity stake in First Siam Financial Corp Ltd. First Siam managing director Sommual Laohaprasit said the investment is subject to approval by the Bank of Thailand becauseReuter - 67 words
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315 1986-04-19 9 Reuter CATHAY PACIFIC Airways Ltd showed in a share offer document that its debt amounted to HK53.52 billion at the end of 1985, including lease financing of $6.47 billion on certain aircraft operated by the airline. The company also reported exchange losses of $1.18Reuter - 315 words
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145 1986-04-19 9 Reuter MITSUBISHI Corp, Mitsui and Co Ltd and Sumitomo Corp will set up a company to study the idea of going into international telecommunications in competition with Kokusai Denshin Denwa Co Ltd, KDD, which monopolises the field in Japan. A Mitsubishi spokesman said yesterdayReuter - 145 words
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237 1986-04-19 9 Reuter THE PHILIPPINE government ordered seizure of 3.3 billion pesos paid for 33 million shares of San Miguel Corp by the Soriano family on April 1. Raul Daza, a senior official of the Commission on Good Government, said the proceeds had been sequesteredReuter - 237 words
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Article97 1986-04-19 9 AP NEC CORPORATION, one of the world's largest semiconductor makers, has decided to boost semiconductor production in its factories in the US, Britain and Asia. NEC's wholly-owned US subsidiary in California will make two million 256-kilobit dynamic random access memories (Dram) chips a monthAP - 97 words
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Page 9 Advertisements
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Advertisement182 1986-04-19 9 r- For delightful dinners with popular focal flavours. Enjoy dinner with popular local flavours. Our "Singapore Delights" Buffet is packed with "mouthwatering favourites that will definitely get your appetite going Buffet Dinner is at SSl4.OO+ per person The Luna Coffee House. We've got a variety of delights to fill any182 words
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Advertisement127 1986-04-19 9 Hooray for Sunday! Sunday Brunch at the Hubertus Grill. Make it an occasion for the whole family. Sausages, bacon, oysters, smoked salmon, tasty entrees right through to pastries, puddings, fruit salad and cheeseboard. Sunday Brunch: 11 am 2.30 pm. $24 for adults. $12 for children Prices are subject to 10%127 words
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Advertisement156 1986-04-19 9 Meet Cavatina; Philippines' hottest trio. And let them mesmerise you with a bewitching selection of country, folk, pop and tagalog favourites. Nightly except Sundays. Happy Hours: spm to Bpm 20% discount on all Bottle Sales 1 drink on the house with every drink served (except premium brands) ccjtg; Jzxce/uor note!156 words
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Advertisement104 1986-04-19 9 MAGICALLY HYATT 1 1 1!?! When guests order any beverage, standard or premium, at selected outlets*, they will get a second drink, all for the price of one! It's a magic formula applicable dailv at Scott's The Lounge Chinoiserie (Members and hotel guests only) 5.00 PM 7.30 PM 6.30 P\l104 words
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Advertisement116 1986-04-19 9 $12.50 Children below 1 2 years oid S9 00* BUFFET-LUNCH COMBINING THE BEST OF EASTERN WESTERN DISHES Jointly pratantad by Calm-Court Peking A Sichuan Restaurant ft Tha Coffaa Qardan it v y 19, Cairnhill Circle, Singapore 0922. Tel: *****22 Telex: RS ***** X Annl2t Tin-i*"**" AfK ,i soo^ R Apl116 words
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SHARE INFORMATION
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Article, Illustration4283 1986-04-19 10 BLUE CHIPS ended the week on a steady note yesterday after a day of making good gains on bargain hunting and short covering. At the close, the Straits Times Industrial Index was 5.02 higher at 583.60, while the more broadly based BT4,283 words
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Article271 1986-04-19 10 SINGAPORE Rises Indies it SI A 650 f 30 6T Composite 484 61 489 44 DBS 468 +18 iT Indicotor *****71 *****25 UOI 312 +12 BT OB/OS 134 -49 SPH 580 +10 BT CADI 7282 -7257 F&N 565 +10 BTOSV *****1 -*****1 CtC 120+10 ST bxhrttnoh 578271 words
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Article2843 1986-04-19 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 unlets otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".2,843 words
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Article282 1986-04-19 10 Monogers' prices for April 19 21 Singapore Unit Trust The Commerce 0 79 0 84 The Savings Fund 0 61 0 66 S'pore Prog Fund 0 31 0 33 S'pore Sec Fund 0 51 0 55 S pore Invest Fund 0 45 0 48 S'pore Equity Fund 0282 words
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Article120 1986-04-19 10 HONGKONG Hong Kong Index Friday 1112 78 Thursday 1126.64 Week ago I HO. 14 Ung Th ""«°v j?£°° Week ago 1/84.zl TOKYO Nikkei Average Friday *****.61 Thursday ***** 84 Week ago *****.38 TSE Index Fnday 1254 39 Thursday 1234.67 Week ago 1223 64 SYDNEY All Ordinaries Friday ******120 words
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COMPANY NEWS
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Article, Illustration211 1986-04-19 11 @o£p? By HOCK LOCK SIEW IN LINE WITH its gradually worsening fundamental background, Sembawang Shipyard shares have been steadily derated over the past three years. From an ex-bonus high of $4.60, it recently hit the depths of 76 cents, a fall of more thanBy HOCK LOCK SIEW - 211 words
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Article2577 1986-04-19 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. MDUS TRIALS Ajinomoto (3 I OS) xd AMD (3 30S)2,577 words
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Article587 1986-04-19 11 CHAN OI CHEE - By CHAN OI CHEE APOLLO ENTERPRISES Ltdowner of the Apollo Hotel in Havelock Road—has reported a shockingly huge group net loss of about $12 million for fiscal 1985, its biggest since the company was listed 10 years ago. Based on its issued capital of587 words
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581 1986-04-19 11 AMY CHEOK - By AMY CHEOK KENTUCKY FRIED Chicken (S) Ltd is confident of getting back on the profit track with the help of its US franchisor, Kentucky Fried Chicken International (KFCI) which is now a joint partner in the local fast food chain.581 words
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250 1986-04-19 11 UNITED Overseas Bank Ltd has sold its entire equity interest in a wholly-owned Hongkong deposit-taking company (DTC) for HK114.67 million cash. UOB (Asia) Ltd, with a paid-up capital of HK$lO million, was sold on Wednesday to M G Services Company, which is part of a250 words
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Article243 1986-04-19 11 WEARNE BROTHERS Ltd has agreed to sell its 70 per cent stake in Sydney-based subsidiary Hobart Manufacturing Company Pty Ltd to its associate, Polytek Engineering Company Ltd Hongkong, for A$7.28 million. The sale is intended to integrate and rationalise the operations of Hobart A Polytek in Australia with243 words
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545 1986-04-19 11 SHARE PRICES fluctuated erratically and closed mixed to easier on the Kuala Lumpur stock market yesterday. Price changes either way were small. The scoreboard showed 77 losers and 47 gainers while 39 counters were traded unchanged. The pace of trading slackened considerably and total545 words
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Article850 1986-04-19 11 Reuter CONTINUING speculation of a cut in UK base rates and the record high close on Wall Street overnight helped the London market close sharply higher on Thursday. The FTSE 100 Index closed 18.9 points higher at 1,680.9, having dipped to 1,675.1 during the morning on light profit-taking.Reuter - 850 words
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Page 11 Advertisements
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Advertisement212 1986-04-19 11 OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NOTICE is hereby given that in consequence of the intended change of the name of a ship by our clients. Choosan Shipping Pte Ltd of 70 Shenton Way Unit 19-03. Marina House. Singapore 0207, we have applied to the Registrar of Singapore Ships212 words
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365 1986-04-19 12 FOO CHOY PENG - NTUC chief suggests bonus for better-off companies By FOO CHOY PENG, Chief Reporter THE LABOUR MOVEMENT yesterday came out with its first official stand on the issue of employers' Central Provident Fund payment rate with the view that the cut should apply365 words
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181 1986-04-19 12 THE setting-up of a flexible wage system along the lines of those in Japan or South Korea has been suggested by NTUC secretary-general Ong Teng Cheong. Mr Ong pointed out that the wage systems in these two countries were based on seniority and were181 words
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357 1986-04-19 12 MORE FOREIGN INVESTORS are expected to set up companies in Singapore with their eyes on China, after the signing of a tax agreement between the two countries yesterday. Under the treaty, which provides for an avoidance of double taxation, foreign-incorporated357 words
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Article, Illustration465 1986-04-19 12 ELAINE KOH - By ELAINE KOH BARELY TWO YEARS after being set up, a Singapore company has achieved a landmark $4.4 million deal with China to provide container cargo handling and management services in Tianjin, one of the country's busiest ports. Mr Peter Yong, the managing465 words
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194 1986-04-19 12 THE GOVERNMENT has appointed Permanent Secretary (Environment) Mr Lee Ek Tieng as a member of the Post Office Savings Bank's (POSB) board of directors. The appointment, effective from the beginning of this month, is for a period of three years. Mr Lee is194 words
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138 1986-04-19 12 Re uter SOVIET LEADER Mikhail Gorbachev, pledging Moscow would never attack Western Europe first, yesterday proposed substantial cuts in Nato and Warsaw Pact conventional forces throughout Europe. Addressing the East German Communist Party Congress, Mr Gorbachev described his proposal as a new initiative designedRe uter - 138 words
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Article77 1986-04-19 12 Bernama. STANDARD Chartered, one of the two initiators of a plan to bail out the International Tin Council from debts arising from the tin crisis, has won a judgement from a London High Court which ruled that the ITC had waived its immunity when it entered intoBernama. - 77 words
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155 1986-04-19 12 Reuter SOUTH AFRICAN President P W Botha yesterday said all Blacks held under pass law offences would be freed immediately and no more offenders charged from next week. An estimated 20 million arrests have been made this century under theReuter - 155 words
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Article102 1986-04-19 12 Reuter COMEX SILVER futures yesterday fell on spillover selling from Thursday, as the market shrugged off the sharp rise in the morning in gold on news that Japan will buy 200 tonnes of gold for a coin issue. Silver for delivery in May was off 6.5 cents atReuter - 102 words
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Article63 1986-04-19 12 Reuter WALL STREET stocks edged lower yesterday from their barely changed opening. Traders cited technical weakness, owing to an overbought market after gains during the past four sessions running and seven of the past eight. The Dow Jones Industrial Average was was down three points to 1852.Reuter - 63 words
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LATE FILE
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44 1986-04-19 12 Reuter THE US has indefinitely postponed talks with Taiwan on textile export quotas. Board of Foreign Trade chief Vincent Sew said yesterday Washington gave no reason for delaying the discussions due to be held on April 25-26.Reuter - 44 words
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42 1986-04-19 12 AP THE Chinese tourist city of Guilin plans to restrict the building of new hotels. The official Xinhua news agency said yesterday Guilin still plans to encourage foreign businesses to invest in other tourist service facilities.AP - 42 words
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Article38 1986-04-19 12 Reuter VIETNAMESE Foreign Minister Nguyen Co Thach said yesterday there would be a partial pullout of his troops from Kampuchea this year. Mr Thach gave no numbers or exact date (or the pullout.Reuter - 38 words
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Article43 1986-04-19 12 Reuter THE number of companies registered in Hongkong rose to 150,551 in the year ended March 31, 1986, from 134,318 a year ago, Registrar General Noel Gleeson said. The total included 2,122 newly registered overseas companies. ReuterReuter - 43 words
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Article47 1986-04-19 12 UPI OPEC oil ministers suspended their talks yesterday to wait for a team of experts to draw up a firm list of new output quotas for each member country to reduce production as a way of reversing the slump in oil prices. UPIUPI - 47 words
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39 1986-04-19 12 Reuter A GROUP drafting Hong kong's future "mini-constitu-tion" began a second round of talks yesterday as China renewed tits promise not to impose sobialism on the British colony it takes over in 1997. ReuterReuter - 39 words
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Article68 1986-04-19 12 Reuter A COURT dropped charges against two government officials for lack of evidence in connection with Taiwan's largest bank scandal. Chen Hsiao-Ao, the president of the state-owned cooperative Bank of Taiwan, and his manager, Wang Mao-Hsin, were arrested on May 20, 1965, on charges of illegallyReuter - 68 words
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40 1986-04-19 12 Reuter Prime Minister Robert Mugabe, who is dedicated to establishing a one-party state in Zimbabwe, pledged to scrap, in the next 12 months, 20 parliamentary seats reserved for the country's 100,000-strong White minority. ReuterReuter - 40 words
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Article45 1986-04-19 12 Bernama FORMER Bumiputra Malaysia Finance chairman Lorrain Osman yesterday failed to obtain leave from the Malaysian Supreme Court to proceed with his action to stop the Hongkong Attor-ney-General from using evidence gathered in Malaysia in extradition proceedings against him in London.Bernama - 45 words
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Page 12 Advertisements
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Advertisement125 1986-04-19 12 Motorola schomo, Pago 2 PULL AHEAD OF THE COMPETITIONS BT Keeps you ahead of your competitors with the latest corporate developments BT, Singapore's largest business daily gives you 4 full pages of local and international company news to help you marshall facts information effectively. These statistical pages are a must125 words
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Advertisement221 1986-04-19 12 BEDFORD BERHAD (Incorporated in Malaysia) REGISTERED OFFICE: CHARTERED BANK CHAMBERS, BEACH STREET, PENANG. NOTICE OF MEETING NOTICE IS HEREBY GIVEN THAT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY, WILL BE HELD AT THE REGISTERED OFFICE OF THE COMPANY, CHARTERED BANK CHAMBERS, BEACH STREET, PENANG, ON MAY 5 1986 AT 12221 words
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Page 12 Miscellaneous
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Miscellaneous53 1986-04-19 12 Outlook for several areas m the late morning and eorly afterrnoon. Report for 24 hours prior to 7.30pm on Apr 18 at the oirport: Maximum temperature 30.7 Associated humidity 74 Minimum temperature 29.0 Associated humidity 97 Hours of sunshine 4.50 Rainfall in millimetres trace Rainfall this month 129.7 Rainy doys53 words
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