The Business Times, 10 May 1986

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, MAY 11, ISBI 75 CENTS
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  • 396 1 FOR THE FIRST TIME since the third quarter of 1984, industrialists are showing signs of optimism about the general business outlook over the short-term. The optimism came less than a year after the first package of relief measures were announced by the government.
    396 words
  • 379 1  -  By ALVIN TAY MINEBEA COMPANY, the target of Japan's first hostile takeover bid by a foreign group, is to launch a US$lOO million equi-ty-linked bonds on the Asian and Eurodollar markets. It will be the fourth publiclisted major Japanese company to issue bonds with
    379 words
  • 484 1  -  Irresponsible of employers to put blame on government By SAID ABDULLAH MANAGEMENTS who told workers they were not raising wages because of government policy were accused by the NTUC yesterday of presenting a clumsy and feeble case for national wage restraint.
    484 words
  • 231 1 Reuter THE US DOLLAR plunged to a record low of 162.56 yen yesterday as currency traders concluded that every major country except Japan wants a stronger yen. After a quiet morning of listless trading, the dollar was battered by waves of selling
    Reuter  -  231 words
  • Article, Illustration
    69 1 SCATTERED yflt-taklf was evident yesterday eve® assesig trastee sleeks wMeh had beea hi the hull—i ef the Market's w•a a "Idi Ilea salts. The «nils Ham ladastriai ladex, however, eeatlaaed (Is week hag rise, altheagh by a ■««ttfttle M» yna Wi.g. lie dec firmed MB psWImSIt!. 1 Dealers
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  • 449 1 AFP AN AUSTRALIAN inventor claims to have developed a revolutionary variable stroke car engine which will cut fuel bills by more than 25 per cent. Unlike a conventional engine, the continuously variable stroke (CVS) invention of electronics engineer Joseph
    AFP  -  449 words
  • 224 1 ONE OF THE main assets of the Pan-Electric group, Orchard Hotel Pte Ltd, has been saved from winding-up after its major creditors reached an agreement to secure their loans of $18 million. A winding-up petition, which was presented by Singapore International Merchant
    224 words
  • 98 1 THE NATIONAL Trades Union Congress would not hesitate to act against unenlightened managements who continue to be unreasonable and refused to discuss with the unions on the affairs and performance of their companies. The NTUC secretary-general Ong Teng Cheong, who is also the Second Deputy Prime Minister,
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  • Page 1 Advertisements
    • 236 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM r. 3! 5s 'A WHEN OPEC declared an end to cheap oil in the 70s, it scared industries and governments enough to begin energy conservation campaigns. Now, with cheap oil again, it would be folly to forget the lessons Opec taught us, warns LEE
      236 words
    • 254 1 SHARE MFORMAHON MONEY EXCHANGES RAW MATERIALS CROSSWORDS TV A RADIO BRIBTOW DOONESRURY OUR VIEW PRISONS HAVE CHANGED. From properly run establishments of correction, they are turning into schools for budding Burtons and Oliviers. At least that seems to be the case in Sweden except that four of five convicts due
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    • 7 1 `-".+|~~{@.~$<,/)??&%~_,&+$&}|- PUT ON A CROCODILE WEAR A LEGEND
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    • 7 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM [jagg
      7 words

  • HOME NEWS
    • 480 2  -  Trade also being hampered by lack of R D By BOEY KIT YIN A LACK OF government support and too little research and development were blamed yesterday for the slow progress of the local garment industry. Industrialists and academics told a seminar that developments by
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    • 447 2  -  By ANNA TEO AS PART OF A concerted effort to check the (lagging interest in the Basic Education for Training (BEST) classes, the Vocational and Industrial Draining Board will be reaching oat to more than 250 compaThe all-out effort to
      447 words
    • 288 2 CHICKEN CRIMPY and Dr Penguin are set to show biscuit nibblers where the crunch lies. The bird is the star in "The Adventures of Chicken Crimpy", a weekly radio programme goilg into its fourth airing today and on which a $250,000 promotional
      288 words
    • 134 2 CEREBOS PACIFIC yesterday opened a Pizza Hut •utlet in Jurong to compete with McDonald's and Kentucky Fried Chicken for a share of the fast-food market in that area. Besides the office and factory lunch crowd, the 167 gq m pizza outlet
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    • 226 2 COLEMAN BRIDGE is to be replaced by a pair of new fourlane bridges under a $5.7 million contract awarded to Straits Dredging General Works Pte Ltd last month. Work on the new Coleman Bridge, which will be part of the future eight-lane New Bridge Road
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    • 393 2  -  By MARTIN SOONG SINGAPORE Marine Containers is going ahead with plans to expand its operations in spite of the downturn in the shippingrelated industry and an expected decline in turnover this year. The wholly-owned subsidiary of UK-based Sea Containers recently saw a transfer of the worldwide
      393 words
    • 181 2 A H MILLION research and development programme by Singapore Marine Containers, a wholly-owned subsidiary of UK-based Sea Containers, has resulted in a radical new frame for container refrigeration units. Production of the frames will begin later this year for refrigeration units manufactured by Sea Cold, SMC's manufacturing
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    • 122 2 THE HEARING on the collapse of Hotel New World by the Commission of Inquiry will begin on May 28 at the High Court. At the hearing, which is the first stage of the inquiry, the commission will take care of all Initial matters, including
      122 words
    • 149 2 THIRTY-EIGHT cleaning contractors working with the Housing and Development Board are to be classified under a merit-star scheme aimed at upgrading services in HDB Oats. For each star awarded to the contractor, he will be given a one per cent advantage in the tender price of
      149 words
    • 60 2 THE PRICE of liquefied petroleum gas supplied by Shell will be cut from Saturday following similar moves by its six competitors. The company said the price of Shell Gas will be reduced by 14 to 16 per cent: 4.5 kg cylinders will now cost 16.60;
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    • 803 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Equator 4 Iweri N Amersfoort S'therm Glory Tookn Thomoseverett Ah Roikmce Anchon Builder 3 Bum Chin Calandrini Choion Hye Siong Kawana Lompung Nicole Pokngrocht Reina PASIR PANJANG Altis Jalamohon Poiomoi Seki Nogoyo Seng Kfing B'tong Terong Chang
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    • 64 2 THE Labour Ministry is visiting 33,000 household» this month and next to gather facts for its year- ly labour force survey. It will seek information such as race, sex, age, occupation, industry and )ob status to help the government formulate pi*n« and policies on employment. The information
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  • OVERSEAS
    • 358 3 AP THE Democratic-controlled House Of Representatives Budget Committee pushed aside Republican complaints on Thursday and approved a fiscal 1987 budget that would slash US military spending, freeze or trim most domestic programmes and embrace a tax increase to reduce the deficit. By a party-line 21
      AP  -  358 words
    • 173 3 NYT THE WHITE HOUSE has said President Ronald Reagan will be actively involved in gathering congressional support for the tax revision plan approved by the Senate Finance Committee. Larry Speakes, White House spokesman, said Mr Reagan planned to speak to Senate leaders over the next
      NYT  -  173 words
    • 158 3 UPI WITNESSES HAVE TOLD the US Congress that laws governing the skyrocketing US$l trillion in foreign investment in the US are inadequate. Supporters of stricter reporting standards for investments from abroad said the Soviet Union almost succeeded in the 1970s in buying banks in California's
      UPI  -  158 words
    • 158 3 UPI A CABLE TELEVISION company, alarmed at the high rate of Illiteracy, broadcast announcements encouraging viewers to turn off their TV sets and flip open a book. American Cablesystems of Florida, which serves 88,000 customers in Broward County,
      UPI  -  158 words
    • 83 3 UPI TOM PATTERSON, 49, a Presbyterian, has refused to have his picture taken to renew a driver's licence he has held for 35 years, citing the biblical passage that states: "Thou shall not make thee any graven image". He lodged the objection last October
      UPI  -  83 words
    • 200 3 AP THE UNITED STATES, seeking to escalate its sanctions against Libya, plans to ban petroleum products made with Libyan crude oil and refined in Europe and other foreign lands, according to State Department officials. Such a ban could put additional pressure on European countries to
      AP  -  200 words
    • 525 3 Black business the taxman claims his dues AFP SMALL-SCALE black businessmen, told by anti-government guerillas fighting the pre-inde-pendence Rhodesian regime to avoid paying taxes as part of a "civil disobedience" campaign, are now being forced to repay all they owe to the successor Zimbabwe government. The issue, one of the
      AFP  -  525 words
    • 391 3 Reuter WORLD OIL PRICES have risen steadily in recent weeks in defiance of predictions by some energy analysts that Opec's failure last month to agree on firm output cuts would push them back below US$lO a barrel. Oil traders and analysts said
      Reuter  -  391 words
    • 378 3 Number of new loans not the test, says Fed chief AP FEDERAL RESERVE chairman Paul Volcker has praised achievements made under the world debt initiative of the Reagan Administration and said critics had been too harsh in criticising the plan. Speaking at
      AP  -  378 words
    • 460 3 Reuter SEVEN MONTHS after US Treasury Secretary James Baker unveiled his Third World debt plan, the initiative still lacked substance and the debt-resched-uling process risked drifting without direction, bankers said. "I honestly think nobody knows what to do with the Baker plan
      Reuter  -  460 words
    • 815 3 ARRIVALS Operator Sorvico Local From WMofatr timo MAS MH68I 0620 KUL KAL KE624 0640 KUL CV CV796 0645 LUX/DXB MAS MH8I1 0910 PEN MAS MH671 0920 KUL AC AC858 0950 YY Z/LHR/BOM SIA SQI03 0950 KUL CPA CX710 1015 CGK RBA BM21 1030 BWN GIA GA960 1100
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    • 223 3 AP THE ORGANISATION of Petroleum Exporting Countries (Opec) is no longer responsible for fixing world oil prices but is concerned at present with acquiring a (air share of the world oil market, a prominent minister of the cartel has been quoted as saying. "Opec
      AP  -  223 words
    • 239 3 UPI AMERICAN Vice-President George Bush has assured Latin Americans that the US would not send military aid to contra rebels if Nicaragua signs a Central American peace treaty. Mr Bush met presidents and foreign ministers of Central and South American
      UPI  -  239 words
    • 217 3 Reuter THE US housing industry is headed for a fourth straight year of strong growth due to the dramatic drop in interest rates, but higher rates ahead could mean slightly less growth in 1987, analysts say. "We will have a very good year this year
      Reuter  -  217 words
    • 183 4 UPI VISITING US Treasury Secretary James Baker has told Chinese leaders that the US is prepared to help China modernise, but implied that Beijing must first remove obstacles to American investment. "We are eager to help China move forward to modernise and
      UPI  -  183 words
    • 96 4 UPI US SENATE Republican conservatives were blocked on a technicality when they tried to force a vote on Thursday on the sale to of US$55O million in sophisticated equipment for jet fighters. "This is outrageous," says Senator Jesse Helms. "I say shame, shame." The conservatives,
      UPI  -  96 words
    • 471 4 NYT US SECRETARY of State George Shultz, echoing remarks he made last week in Indonesia, has said that it was impossible for the US to meet President Corazon Aquino's public appeal for a huge aid programme to rescue her nation's economy. But
      NYT  -  471 words
    • 151 4 AFP US SECRETARY of State George Shultz's reported strong public backing for South Korean President Chun Doo Hwan during his visit to Seoul has shocked Korean opposition figures and US human rights organisations. They saw his support and attacks on opposition groups which "incite
      AFP  -  151 words
    • 287 4 AFP JAPAN HAS AGREED to have trade talks with the US on transportation equipment, including the use of American-made car parts in Japanese assembly plants, and the Reagan administration says it wants them underway "as soon as practicable". The
      AFP  -  287 words
    • 137 4 Reuter JAPAN'S financial houses are so aggressive in their search for profits and market share that they practise the financial equivalent of dumping, according to senior executives of Britain's Barclays Bank. "They're behaving in almost exactly the same way in financial services as they do
      Reuter  -  137 words
    • 135 4 AP JI PENGFEI, the director of the Chinese State Council's Hongkong and Macao offices, said he hoped expatriate civil servants working in Hongkong would stay at their posts after China regains control of the British colony in 1997. Mr Ji told Walton Masters,
      AP  -  135 words
    • 232 4  -  By BRIAN GOMEZ SHELL MALAYSIA has started on a $130 million "revamp" of its Port Dickson refinery, enhancing its ability to process a much greater proportion of light Malaysian crudes. The revamp is not likely to detract greatly from current processing of 80,000 barrels
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  • Page 3 Advertisements
    • 49 3 I J/ /I I J/\ V/ Every Tuesday, Thursday, Saturday I |l II I I |/~i I and Sunday. Leaving Changi Airport I V JJI /L \L at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canoda at *****55 or your Travel Agent. AIR CANADA 0
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  • Page 3 Miscellaneous

  • RAW MATERIALS
    • 281 4 RAS prices in S cents/kg, FOB in b oles NOON CLOSE Int 1 RSS Promp' NjlTi 171.00 172.00N ssyin 170.00 171 00N Int 1 RSS June 86 169 50 170.00 168 50 169 00 Int 1 RSS Ju»y 86 168 75 169 25 167.75 168 25 Int
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    • 95 4 (cents/kg, 1-ton P°lWt»)jUNE 86 JULY 86 (currant month) (forword month) NOON NOON RAS SeMen Buyers Seller* SSR 20 156 00 158 00N 156 50 158 50N SSR 50 153.00 155.00N 153.50 155.50N MRELB Sellers Buyer* Sellers SMR CV 210.00 212.00N 211 00 2I3.00N SMR L 209 50
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    • 202 4 MALAYSIAN crude palm oil prices were «lightly higher at yesterday's close on light covering interest, as sentiment was aided by firmer overnight Chicago soyoil futures. India's failure to buy vegetable oils at its weekly import tender on Thursday limited gains. Trading was quiet ahead of the weekend. May
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    • 95 4 THE PRICE OF TIN oa the KMfel Lompor Tin Market (SLIM) Ml 11 ceats to M$l4.M per kg sa bayer reserve yesterday. Dealers said the market opened unchanged with strsag offers bat hayers adspted a wait-and-see attitude, hoping to eateh the KLTM level at Its lowest. Farther Japanese
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    • 66 4 Bangkok (USS/tonne, FOB) White Rice 100% 1st class 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-1 Special unq C-1 Ord unq Loonzain Rice 100% 1st grode unq
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    • 297 4 SINGAPORE Hie market closed slightly higher yesterday with June One RSS buyers quoted at 168.50 cents a kg, up 0.50 cents from Thursday's close. The morning session recorded a rise o( one cent following firmer overseas advices. Prices weakened slightly in quiet afternoon trading due to some profittaking. MALAYSIA
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    • 148 4 ChiiMM Produce Exchange Sellers' noon closing prices on Moy 9 (SS/100 kg). Coconut oil Bulk FOB 45 00 Old drum FOB 62.00 New drum FOB 58 00 Copfo Mixed (loose) 25 buyers Pepper Muntok White FOB NLW 1170 00 Sorowok White FOB foq NLW 1155 00 Sorowok speciol
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    • 234 4 SOYBEAN FUTURES on the Chicago Board of Trade closed sharply higher on Thursday but off the day's highs after buying tied to speculation about the seriousness of the Chernobyl nuclear accident. Deferred months nearly hit the 30 US-cent upper limit at one point, but prices eased and settled up
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    • 768 4 COFFEE Robusta futures ended a very dull day on Thursday with losses from Wednesday of £5 to £11 a tonne, weighed down by a weaker New York in the afternoon and a general absence of operators from the market due to the Ascension Day holiday. The market fluctuated
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    • 255 4 WHEAT FUTURES on the Chicago Board of Trade closed up the daily 20 US-cent limit in deferred contracts to 14V4 cents higher on Thursday in nearby months on trade ideas that the Soviet nuclear reactor accident was more serious than was previously believed. Wheat prices exploded higher from the
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  • BANKING AND FINANCE
    • 467 5 Reuter JAPANESE INVESTORS could buy one-third or more of new 30-year US Treasury bonds but interest was tempered by concern over longer-term inflationary implications of the dollar's sharp fall, according to dealers. "Japanese investors are like- ly to bid for one third to
      Reuter  -  467 words
    • 369 5 Reuter THE BRITISH government plans to give the self-regulatory organisations (SROs) in the UK financial services sector immunity from being sued for damages. Trade Industry Minister Paul Channon said the move was necessary to get the SROs working as part of the planned
      Reuter  -  369 words
    • 198 5 AFP THE WORLD BANK announced US$l9O million in loans to China and $34 million to Indonesia on Thursday. It said the two loans to China were aimed at financing port and fisheries development. Of the $190 million, $130 million over 20 years would
      AFP  -  198 words
    • 66 5 A ONE-DAY SEMINAR to familiarise the public with the business opportunities in the Singapore International Monetary Exchange Limited (Simex) is to be held at the Sheraton Towers on May 17. The programme covers a brief introduction of Simex financial futures, opportunities on the trading floor and
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    • 511 5 Reuter AN UNEXPECTED SURGE in US M-1 money supply and high discount window borrowings should not give the US credit markets any cause for concern that the Federal Reserve may be diverted from its generally accommodative policy in the weeks ahead, according to
      Reuter  -  511 words
    • 190 5 Reuter BARCLAYS BANK PLC is constantly looking at possible acquisitions and would consider expansion into Texas at the right price, but the bank has no current plans for major purchases, senior executives of the bank say. Chairman Timothy Bevan said the bank was
      Reuter  -  190 words
    • 102 5 AP OFFICIALS from two gov-ernment-owned corporations in Malaysia, the National Petroleum Corporation (Petronas) and the Malaysian Airline System, plan to go to Tokyo to raise a yen loan of Ms29o million to finance the purchase of a new Boeing 747 from the US. MAS
      AP  -  102 words
  • MONEY AND EXCHANGES
    • Article, Illustration
      638 5 SINGAPORE -The US dollar closed easier against most major currencies yesterday. Heavy selling of the dollar in early afternoon trading by Japanese export- ers and securities houses saw the dollar falling to a new record low of 162.600 yen. But it recovered slightly in late trading on some
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    • 225 5 Interbank rote is ot 3pm yesterday. Curnncwi mmm ratee Immomm Local dollars to on# unit of currtney: Md OMar mm pa* US dolor 2.2040 2.2050 ***** -21 83 Sterling pound 3 3875 3 3912 7 3469 -53 89 Austrtion dolor 1 6364 1 6394 3 4286 -5227 NZ
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    • 338 5 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels in quiet preweekend trading yesterday. Poor response for the US Treasury's US$9 billion 30-year notes auction and a $3 billion rise in latest US M-l money supply had little affect on trading. Short-dates firmed 1/16 point at the outset
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    • 305 5 JUNE Friiillir opened at 93.33 yesterday. Liffe opening saw the contract finally settling off the day's low at 93.32. Currency futures traded higher during the day. June D-mark closed seven ticks higher at 4597 after touching a low of 4576. June yea traded to a low of 6099 before
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    • 90 5 RESULTS OF TENDER held on May 9 for 91-day Treasury bills to be issued from May 12 to May 16: Offered: $60,000,000 Applied fer: $253,000,000 Allotted: $60,000,000 Accepted bids: $99.39 approximately 94 per cent, higher bids in full. Average rate d discount on allotment: 2.425 per cent per
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    • 122 5 THE OVERNIGHT rate on the Singapore interbank money market rose by 1/4 point from Thursday to close at 5-1/8 per cent yesterday. The one-month term rate fell by 1/16 point while the two and three-month rates remained unchanged. S$ Interbank rotes at 7pm yesterday: OH*. BKJ Overnight 5
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    • 219 5 HONGKONG: The metal closed little changed in quiet trading yesterday. Bullion ended at U*****.90/344.30 an ounce compared with New York's $344.00/50 close and the $344.55/85 finish here on Thursday. On the local market, gold lost HK$6.5 to close at $3,190. Krugerrand finished HK$3 easier at $2,692 but Maple Leaf
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  • Page 5 Advertisements
    • 119 5 NOTICE NOTICE IS HEREBY GIVEN that, I Kwek Siang Tong of No. 23 Arab Street, Singapore 0719, have applied for a Wholesale Liquor Shop licence in respect of premises at M/s: Sinar Sanafico Tdg Pte Ltd. 246, Macpherson Rd #07-02 Betime Bldg, Singapore 1334, and that this application will be
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    • 588 5 NOTICE NOTICE IS HEREBY GIVEN that, I LIM INN SIN of No. 57 Meyer Road, #07-03 Meyer Tower Singapore 1543, have applied for a First Class Beer House licence in respect of premises at M/s Kallang Theatre Cafeteria Kallang Theatre, Stadium Walk Singapore 1439, and that this application will be
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  • TIME-OFF
    • 451 6 PRISONS AREN'T what they were. In the good old days of the state penitentiary, Dartmoor, Reading jail and other establishments were proper houses of correction where the evil inmates shuffled around in their garb adorned with arrows so that they could be distinguished from the equally
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    • 772 6  - Giddy Aunt Peggy draws the laughter Peggy Mount proved a formidable actress in her double role as the daft Lady Eppingham and then as her pushy, illegitimate twin sister, Beatrice Horrocks. LISA LEE reviews My Giddy Aunt. LISA LEE THE LAUGHTER was as hearty as the figure of Lady Hester,
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    • 886 6 What's on from May 10-16 HMMfH I^^ CONCERT: 380 features Mischa Maisky, cellist. Victoria Concert Hal. 8.15pm. Programme includes Bertioz's Overture The Roman Carnival, Op 9 and Saint-Saens's concerto for cello and orchestra No l in A minor, Op 33. Tickets at $4, $7, $10 and $15 from usual
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    • 302 6 IF ROSES come in all possible colours these days, it is no marvel of biotechnology nor genetic engineering. "What colour roses do you have?" one romantic asked her florist. The reply: "Anything. We can dye for you." STUDENTS who take business courses in tertiary insitutions usually
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    • 101 6 COMPETITIVE Sport From A Different Perspective does not necessarily call for imitations, but is rather intended to make you laugh, smile and think again. It looks at competitive sport from a different perspective and a unique but intereeting perspective it is, too. Twenty-four caricaturists
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  • Page 6 Miscellaneous
    • 766 6 CRYPTIC PUZZLE ACROSS 9 Also returned in a flying saucer and thot's why, really (4, 5) 10 How one wins easily when one doesn't give up (5, 4) 12 For a start, give up drink (4) 13 Warps badly to one side and won't he straight (6) When, at tea-time,
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  • SPORTS
    • 312 7  -  By WALTON MORAIS WITH THE Sembawang Open postponed, this week's golf action focuses on the Singapore Island Country Club's Intermediate championship at Bukit. With 48 players signed up, the 54-hole championship for 9-16 handicappers is not an easily predictable affair. But with the
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    • 348 7 UPI MARK HAYES, whose oncepromising career has gone into almost total eclipse during the *****, birdied the first five holes on Thursday and shot a 6-under 64 to grab a two-shot lead in the opening round of the rain-ham-pered Byron Nelson Golf
      UPI  -  348 words
    • 635 7  -  Day's best bet will be in last race By BRIAN MILLER PUNTERS are a shrewd bunch. They know their stuff. Take last Sunday. They were smack on target in eight of the 10 races and they weren't far off the mark in the two that "got
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    • 594 7 UPI BRITISH SOCCER'S man of the moment Kenny Dalglish hopes to celebrate his last-minute recall to Scotland's World Cup squad by leading league champion Liverpool to victory in the FA Cup against Everton at Wembley today. But Scotland manager Alex Ferguson didn't please
      UPI  -  594 words
    • 459 7 Reuter BARCELONA striker Steve Archibald has been omitted from Scotland's provisional 22-man squad for the World Cup soccer finals despite proving his fitness in Wednesday night's European Cup final. Archibald, who played for Scotland during the 1982 finals in Spain, hoped his appearance in the
      Reuter  -  459 words
    • 161 7 UPI WIMBLEDON champion Boris Becker bounced in as a last-min-ute star entrant on Thursday for the Italian international tennis championships next week, giving the U*****,000 event three of the world's top four players. Only now-idle John McEnroe, dethroned earlier this year from the top
      UPI  -  161 words
  • Page 7 Miscellaneous
    • 1125 7 to emd mm The late Alfred Hitchcock matter of suspense tales. SATURDAY NIQHT MOVIE Alfred Hitchcock Presents The Right Kind of Medicine 12.05 am, Channel 5 In the first drama, a bank robber kills a policeman but gets wounded himself. After getting medicine from a pharmacy, he returns to his
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    • 33 7 KnstOKT: rnafcDicfcei* I DON'T ONOeRSTRMD th»S FfcA IS TUCK\NG into A MeRRTv breakfast and Y HRveN'T Pot out t HCS BRin&in/G »t ii\l F(?om FRuITCRKe n£xt Door CRurnßS. r 'o; r Tw a
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  • INTERNATIONAL STOCKS
    • 499 8 Reuter 'ALLIED-LYONS PLC performance over the past year and its future prospects make the company .capable of fighting off another takeover bid by the Australian Elders IXL Ltd or anyone else, chairman Sir Derrick Holden-Brown has said. He also told a
      Reuter  -  499 words
    • 308 8 Reuter WALL STREET STOCKS on Thursday climbed as equity Investors taking a second look at the US tax plan found items to their liking, analysts said. At the same time, bond markets held steady through a huge US treasury refunding and rising oil prices.
      Reuter  -  308 words
    • 227 8 Reuter A CHANCE to expand in the huge contract food service business appears to have prompted Marriott Corp to make a bid for Saga Corp (SGA). Marriott on Wednesday night announced an offer to acquire Saga for US$34 a share in cash. Saga shares were
      Reuter  -  227 words
    • 132 8 MAY 08 C$ Imp 0» 42* 18* Abitibi 24* knt Prov Pipa 43* 40* lu tnft 21 *B 17M Kan Add 16 33% Lofatow 6 26* unch Sank Nova Scotia Be* Canada Bp Rasourcm 14 39* 26% Mouay Farg Mc BkxM 3* 35* 26* Bratcan Q A Can Imp
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    • 646 8 MAY 08 USS 29 AJcoo 39* ASeg kit) 23 unch Aiwd Sag 50* AJk«d Storm 42 AJhs-Chotm«r» 5 Am Brandt he 94 2* Am Con Co 71* Am Cyanamd 7m 1* Am Etoc Pwr 25** Am Eiprtu 58* -I Am Homt Prod 80* Am Motor* Cp 4* unch
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    • 108 8 The Johannesburg, Amsterdam, Frankfurt, Brusssls, Zurich and Stockholm markets were cloeed on Thureday for Ascension Day. The Parle market waa cloeed for Aecenelon and VEDay Milan MAY OS Lira An Gan *****0 -100 Bottoa F«ot Ord 736 ***** -4 397 Fradv »i Prrv 3N&0 mm Kataga» fcalcamanti Ord
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    • 449 8 Reuter UNSTABLE crude oil prices could cause Mobil Corp's earnings in each of the three remaining quarters to drop below first quarter profits of US$44O million, according to chairman Allen Murray. "Unfortunately, we can't count on earnings staying as high as they
      Reuter  -  449 words
    • 117 8 Reuter RANK ORGANISATION Pic has declined to comment on market suggestions that a 35p rise in its share price on Thursday morning was due to speculation about a possible takeover bid. The shares firmed to a high of 574p from its close on Wednesday
      Reuter  -  117 words
  • Page 8 Advertisements
    • 541 8 London stocks on Pago 11 WPffi IiIHR ***** I I > 0® K #r:P International Buffet Fashion Fare At: $10.50* ONLY r v'A 4 *v c* FERN TREE CAFE The Fare: Besides a sumptuous international buffet, come and savour our air-flown oysters from New Zealand at $1.25 per piece. Daily
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    • 156 8 E 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 ZKOMari to* ■mm th 79 mi Tctn IKS 22*19
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  • ASIAN STOCKS
    • 373 9 HONGKONG: Stock prices yesterday (ell on profit-taking despite speculation about a cut in interest rates, brokers said. The Hang Seng Index closed 12.00 points lower at 1,852.21 while the Hongkong Index lost 6.78 to 1452.36. Brokers said some of the selling was aimed at h nlfB which had posted
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    • 235 9 MAY 09 AJ Sncor* MT Z57 -001 unch 0.6 KoSn Kuochan Dov Loo Chang Yuon 27 40 20 50 24 SO 0.7 0.3 0.29 Asia Csmont 24.40 30 60 Lion Hwo Indus 1255 inch Chang Hwo Bar* 44 00 25 30 0.2 ♦0.2 Pacific Cons 20.80 0.6 On Tfain
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    • 289 9 MAY 09 Yee 1610 -10 Mrttub Elec Mittub Estate Mrtvjto Heavy 352 1940 386 2 50 2 16 .3 385 5 Mrttutxihi 769 910 unch Asahi Chem Asahi Gtoti 841 1190 6 30 Mitwji Stvpbtdg Mrtvji Smelting 366 unch -10 Bonk CM Tokyo 800 645 18 31 Mitvjmi 1160
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    • 77 9 MAY 09 Pmm MOIVNI Onantol 1 Phi Owmoi 001 0016 •0005 0.001 Aco«« Mining PMn B ai7 -0005 Anglo Phi Apex Miring B 0.013 unch Pic op B PLOT 78 05 Artot Con. B 15 unch Gold Bowc P«trotoum B«ngu«t Con. B Son B ...***** -f 0.0006 110 unch
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    • 515 9 BYDNEY: Australian shares closed sharply weaker yesterday, reflecting profit-taking in industrials and a lack of buyers in the resources sector, brokers said. The All Ordinaries Index fell by 10.3 to 1232.1, the All Industrials Index 15.1 to 2053.6, the All Resources Index 6.5 to 614.2 and the Gold Index
      515 words
    • 75 9 MAY 00 Won Hyundai Motor 1985 -45 Bank Saoti 690 -10 KAL 990 710 -50 -10 Choheung Bk 645 702 -5 -13 2350 540 -10 406 -12 Daewoo Corp 810 -40 Lucky Ltd 1050 50 Sarmtng Co 1090 5 Samtung El«c 2000 -30 GoldStar Moral Bk 1275 711 -25
      75 words
    • 121 9 BANGKOK: The turnover was 1,200 shares worth 228,800 baht. The SET Index was unchanged at 129.38. The Book Club Index was 117.02, up 0.4. MAY 09 MM Saho Uhnn 114 -I SwiimA Stam Ctmtnt Ao Khom Thai Siam Otutm MAP Alio Rbr» Stam Ohzmrm Ayutfiya kwestmenl 1 inwng MAP
      121 words
    • 59 9 Reuter NEWS LTD of Australia has been given official permission to increase its shareholding in New Zealand newspaper group Independent Newspapers Ltd to 40 per cent from its current 21.68 per cent. INL chairman Alan Burnett yesterday said the increase had been approved by the
      Reuter  -  59 words
    • 129 9 Reuter TWO SECURITIES COMPANIES, which are subsidiaries of foreign banks, and one foreign securities house are likely to obtain licences this month to operate in Japan. Tokyo Finance Ministry officials said yesterday that the companies are Dresdner ABD Securities Ltd, a subsidiary of Dresdner Bank
      Reuter  -  129 words
    • 167 9 Reuter THE TWO COMPANIES operating major lead, zinc and silver mines at Broken Hill, New South Wales, will ask the state's industrial commission next week for a legallybinding formal award to carry out work changes already rejected by the miners. The companies CRA
      Reuter  -  167 words
    • 469 9 FT STANDARD CHARTERED Bank is to seek a listing for its shares on the Tokyo Stock Exchange, according to chairman Lord Barber. The move, only the second by a British bank, could be a prelude to a more radical reshaping of the London-based
      FT  -  469 words
    • 149 9 Reuter SAN MIGUEL CORP director Raul Roco questioned the authority of the Commission on Good Government to intervene in the company's business affairs. Mr Roco said the commission had no legal basis to ask the company not to elect its directors until certain questions, including the
      Reuter  -  149 words
  • Page 9 Advertisements
    • 130 9 WSteft id wise* dluv und For a Raanakan Buffet Lunch so good,even Nanyas 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 SSl4.oo++ per person. The Luna Coffee House, Apollo Singapore. We've
      130 words
    • 128 9 t übertua (©rill 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
      128 words
    • 58 9 Paramount Hote!^\ Where the happy people go «^SV& pliaiHS f £■'*•'> >, A H" K -K Tk. n SS} SPECIAL FEATURES: Daily Buffet Breakfast $11.50 4 Daily Set Lunch $10.50 Sunday Family Buffet Lunch Adult $14~ Child $10.00~ Teochew Porridge $8.00 (Nett) Every Fri Sat, (11pm to 3 am) LEVEL
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    • 244 9 MAGICALLY HYATT I+l=l 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 daily at Scott's The Lounge Chinoiserie (Members and 5.00 PM 7.30 PM 6.30 PM 9.00 PM
      244 words
    • 96 9 n v ICS v: f 2 Uvt Bails Nifhtlyi spm lam (Mondsy Friday Sunday) spm 2am (Sat eve of public holiday) HAPPY HOURS spm 7pm (Daily) If s a real happy time! Just buy a drink and get the second FREE (except premium brands) ■HHH Wall known band CAIRNHILL TRIO
      96 words

  • SHARE INFORMATION
    • 4028 10 PROFIT-TAKERS dominated trading for the greater part of yesterday, threatening to spoil the week-old technical rebound on the Singapore stock market. As a result, prices finished on a mixed to easier note but selected trustee stocks managed to ward off profit-takers.
      4,028 words
    • 234 10 SINGAPORE Rises l" am— mm jm +t nf'.* 1 Omm M 173 +7 Jaraaf Eaa 50< IM >6 "J?**? 5 MMTH S0( 60 +6 SFM 615 +5 "J ?f Umcmf SO< 137 +5 STM6»#nal. OBS 500 +4 gfrrf ICS 336 +4 ST H«*«h FfLS 200 4 $TM»ert*
      234 words
    • 2433 10 SECTION ONE INDUSTRIAL COMMERCIAL A ana (0 87* B 0 89S) (5) 0.88 (1) 088* (I) 088 Ako« (0 448) (2) 045 Aiml Stool 50« (0 58* B 0 595) (2) 059* (6) 0.59 (31) 059* A T 22« (1 526 1.535) (I) 1 54
      2,433 words
    • 114 10 HONGKONG Australian Industrials Hong Kong Inbox Friday 1152 36 Thursday 1159.14 Friday 2053.6 Thursday 2068.2 Week 090 2019.9 Week 090 1146.31 NEW YORK Hong Song Inbox Friday 1852 21 Thursday 1864.21 Week 090 1843.14 Dow Jonas Thursday 1786 21 Wednesday 1775 30 Week 090 1777.718 TOKYO Standard Poors
      114 words
    • 278 10 s M0009 «r»' pricvs MARA-Bumiputrs for May 10 4 12 Fmrputia 4 20 4 25 fu, mnnn IImM Tnwl Second B'putra 3 76 3 81 singspors unn i ru»i Thvd rputra 3 is 323 The Commerce 0 78 0 83 foulti B'putro 3 39 3 44 Tht Sowtgs
      278 words

  • COMPANY NEWS
    • 399 11  -  By CHAN OI CHEE THE DETERIORATION in commodity prices last year, especially during the second half, has led to a sharp (all in profits at Dunlop Estates Bhd. Group pre-tax profits for the year ended last Dec 31, dropped 45 per cent to M
      399 words
    • 244 11 ma- NST MALAYSIAN Airline System, undoubtedly the glamour stock on the Kuala Lumpur Stock Exchange, has been highly recommended by an investment analyst firm as a good buy. Jardine Fleming South-East Asia Research said of MAS: "At the current price, the shares are on
      NST  -  244 words
    • 498 11 THE KUALA LUMPUR stock market closed slightly easier yesterday on lack 'of investor interest. Speculative counters attracted some attention but trading was light. Although most stocks lost ground, their losseg were marginal. Selected blue chips were fairly actively traded and gained some ground.
      498 words
    • 2136 11 BID and offer prices officially listed and hiitlrw in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number at shares traded shown In brackets in lots of 1,000 unit* unless otherwise specified. NNJSTItMLS Acmo <0 87B) Ajiaoiaoto (3.205) AMD (3.008 3 20S)
      2,136 words
    • 203 11 FOLLOWING several queries from the Stock Exchange of Singapore, Ambassador Hotel Ltd has now released further details about its acquisition of an additional 50 per cent interest in two Perth Hotels. Ambassador said the terms of the agreement to purchase the remaining 50 per
      203 words
    • 582 11  -  By AMY CHEOK THE ARGUMENTS in favour of the takeover of Hotel Marco Polo Ltd were unveiled yesterday with bidder Hongkong A Kowloon Wharf k Godown Company Ltd countering the conclusions of Baring Brothers Asia. Earlier this week, Barings, which is advising
      582 words
    • 146 11 PROFIT after tax for Federal Flew MlTle Mi roee slightly to M$26.8 million for the year ended Dec 31, 1985 from $23.2 previously. Pre-tax profits for 1985 was $32.6 million, little changed from the previous year. Directors have declared a final dividend of 11V* per cent, which, together
      146 words
    • 444 11 NST CORPORATISATION of stockbroking firms in Malaysia appears to bi going at a slower pace than expected because hanks find the asking price too high. Besides, larger banks hope to obtain licences to open independent firms. Only one firm, Kuala Lum-pur-based Kris
      NST  -  444 words
    • 112 11 Chart Point columnist is on Imvs THE SINGAPORE Society of Accountants (SSA) has formed three new committees the China Committee, Members' Welfare Committee and the Trade A Investment Promotion Committee. The China Committee will liaise with the accountancy profession in China and explore areas
      112 words
    • 902 11 MOST SHARES opened slightly higher yesterday, continuing Thursday's late upswing on buying for the new account, although trading was fairly modest. At 11.00 am, the FTSE 100 Index was 2.4 points higher at 1,605.0 while the FT 30 Index was down 0.9 point to 1,336.0. Thursday's break in
      902 words
  • Page 11 Advertisements
    • 18 11 Air freight is faster Mk Our coverage is WW I U^M better /ll|\ In BT every Friday. HEIGHT
      18 words
    • 439 11 NOTICES POLY PUUHKS POT ATE V LOUTH) (IN tnanam* VOLUNTARY LIQUIDATION) Notice is hereby given Z that persuant to S. 308 of the Companies Act Cap 186, the FINAL MEETING of members of the company will be held at 30, MeCallum Street, *08-05 Asia Chambers, Singapore 0106 on 7th JUNE,
      439 words

  • 460 12  -  By LIM SOON NEO POLICE ACTION and legislation in Holland will help to prevent Singapore investors from a stockbroking racket which has cost some of them dearly. They suffered losses after accepting telephone recommendations from Dutch companies claiming to be stockbrokers. It is "quite
    460 words
  • 189 12 AP TOP BUSINESS LEADERS have predicted that over the next two years, Americans will benefit by stable interest rates, low inflation and higher income. In spite of the business executives' glowing forecast, they also expressed "a sense of uneasiness" because of weakness in business investment,
    AP  -  189 words
  • 315 12 THE HEADS of government departments and statutory boards were called upon yesterday to view the proposed 10 per cent manpower cut in the civil service as a long-term exercise. Achieving the target over the next five years should not mean a
    315 words
  • 54 12 THE ACTING Minister for Trade and Industry has appointed Mr Oliver Tan Kok Kheng as a member of the Public Utilities Board. Two other members, Associate Professor Hang Chang Chieh and Mr Ng Kah Ting, were reappointed. The three appointments, for a term of two years from May
    54 words
  • 458 12  -  By SOH TIANG KENG, Banking Correspondent THE LARGEST foreign exchange and securities dealing room in South-east Asia was yesterday opened by Citibank. Mr David Leong, Area Head, South Asia, of Citicorp Investment Bank, said the dealing room "is in line with our long-term
    458 words
  • 150 12 Reuter THE SOVIET nuclear disaster has reached the Philippines. The head of Philippine Atomic Energy Commission, Commissioner Manuel Eugenio, said there had been a slight increase in radiation levels recorded in the Manila area in the past four days and* traces of io-dine-131 and cesium-137 had
    Reuter  -  150 words
  • 140 12 Reuter THE United Nations could be bankrupt before the end of the year unless members accept cost cutting and, in any case, Secretary General Javier Perez De Cuellar says he wants out. In unusually forthright language for him, Mr Perez De Cuellar yesterday termed "absurd"
    Reuter  -  140 words
  • 108 12 Reuter SHERPA Tenzing Norgay, the Himalayan mountain porter who conquered Mount Everest with Sir Edmund Hillary in 1953, died yesterday. He was 72. Tenzing, who climbed to the top of the world from humble beginnings as an illiterate yak herder, won worldwide acclaim for the historic feat
    Reuter  -  108 words
  • 430 12  -  By LEE HAN SHIH, Proporty Correspondent THE BANKS' total loans to the building and real estate sector rose above $8 billion for the first time in February the only major non-bank borrower to register growth in that month. The latest Monetary
    430 words
  • 103 12 Reuter BRITISH Prime Minister Margaret Thatcher's ruling Conservative Party has lost one of its safest parliamentary seats, narrowly retained a second, and was badly mauled in mid-term municipal elections. In the northern rural district of Ryedale, opposition Liberal candidate Elizabeth Shields overturned a 16,000
    Reuter  -  103 words
  • 90 12 Reuter COMEX GOLD futures gained more than US$l.OO yesterday in slow morning activity, with dealer buying countering selling from overseas traders. Gold for delivery in June went ahead $1.30 at $346.80 an ounce which was short of Thursday's high of $347.30. Analysts said the European traders were rearranging
    Reuter  -  90 words
  • 59 12 Reuter WALL STREET stocks slipped yesterday, as concern over rising interest rates grew with an unexpected increase in money supply on Thursday night and a US Treasury auction of long bonds viewed as poorly received. The Dow Jones Industrial Average slid 12 points to 1775. Declines led
    Reuter  -  59 words
  • 343 12 THE ASEAN-US dialogue concluded yesterday with a US$lB million boost (or a human resources development (HRD) programme for the region. The money will be spent over several years and is designed to "accommodate a number of requests Asean has made at the 6th and 7th dialogues".
    343 words
  • LATE FILE
    • 34 12 Bernama THE MALAYSIAN government will get two loans from the World Bank totalling U*****.8 million to improve primary and secondary schools and (or the Part Keiang expansion project.
      Bernama  -  34 words
    • 54 12 BARCLAYS BANK PLC said it was making redundant 1.65 employees at its Milan office because of difficult market conditions. Barclays said in a statement that the wished to continue operating in Italy. Bank officials were not immediately available to give details of when the redundancies would
      54 words
    • 55 12 AFP PRESIDENT Corazon Aquino told visiting US Secretary of State George Shultz in Manila yesterday that proposed levels of US aid to Manila were not enough, a Philippine official said. Information Minister Teodoro Locsin said Mr Shultz pledged that "every effort would be made
      AFP  -  55 words
    • 36 12 AP THE BANGLADESHI Election Commission has suspended the vote count, raising the prospect that new balloting may be needed for as many as 116 of the 300 elected members of parliament. AP
      AP  -  36 words
    • 47 12 AFP THE LATEST ISSUES of two US weekly news magazines, Time and Newsweek, have been banned in Indowsia, the distributors said in Jakarta yesterday. The Indonesian Censor's Office confirmed the ban and said an official letter was being issued to the distributors.
      AFP  -  47 words
    • 69 12 AFP THE JAPANESE government yesterday approved a plan to implement public work projects at the fastest pace ever in a bid to spur economic activity dampened by the steep appreciation of the yen against the US dollar. Government officials said the plan called for conclusion
      AFP  -  69 words
    • 37 12 AFP CANADIAN Prime Minister Brian Mulroney launched his first official visit to China by unveiling new grants to Beijing of nearly US$4OO million in aid and interest-free credit, Canadian government officials said yesterday.
      AFP  -  37 words
    • 29 12 AFP BOOMING EXPORTS in April pushed Taiwan's foreign trade surplus to U554,250 billion in the first four months of 1906, said an official report. AFP >
      AFP  -  29 words
    • 39 12 UPI TEN INCHES of thundershowers in less than 24 hours, the heaviest rainfall in Bangkok in 500 years, brought the Thai capital yesterday to a near standstill in up to 4 feet of flood water.
      UPI  -  39 words
  • Page 12 Advertisements
    • 142 12 ,cc%V(Saga Wise up. Get your own copy Make sure you get your own copy of Business Times. You will, if you're wise. Because sharing the office copy really isn't enough. Not when Business Times is packed with information which is vital to the YES, I can see it makes sense
      142 words
    • 51 12 Im N«a 5 RESORT DEVELOPMENT AUSTRALIA Australian company seeking joint venture partners for tourist resort in Alice Springs, Central Australia. Development includes 4 Motels, Tavern, Nature Park, Birdpark and Associated Facilities. Opportunities exist for involvement in individual buildings or the overall project. Contact: *****81 (Office) for details, drawing and video
      51 words
  • Page 12 Miscellaneous
    • 52 12 Outlook for todoy: Showers ovor severol areas in the morning. Report for 24 hours prior to 7.30pm on Moy 9 ot the airport: Maximum temperature 28.2 Associated humidity 85 Minimum temperature 24.2 Associated humidity 88 Hours of sunshine 1.10 RoinfaH in millimetres 1.9 Roinfotl this month 90.2 Roiny days this
      52 words