The Business Times, 31 May 1986
1986-05-31
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The Business Times
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Title Section12 1986-05-31 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, MAY SI, 1986 75 CENTS12 words
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303 1986-05-31 1 THE ii* TEREST RATE on Central Provident Fund savings will be cut further to 5.38 per cent in July. The new rate is a 0.4 point drop from the existing 5.78 per cent. It will be paid on CPF savings303 words
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89 1986-05-31 1 IN A SURPRISE move yesterday, Shell Singapore announced the raising of wholesale prices for several grades of petrol although crude prices have remained depressed. Industry sources attributed the wholesale price rises to Americans' fear of terrorist acts abroad. So, instead of going abroad for holidays,89 words
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698 1986-05-31 1 AMY CHEOK - Cash offer of $1.70 per share or a one-for-one swap By AMY CHEOK DIVERSIFIED United Industrial Corporation is making its most significant corporate move in five years by launching a takeover offer for trading group Intraco Ltd. The bid values Intraco at698 words
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213 1986-05-31 1 Reuter THE JAPANESE government yesterday adopted a series of new economy-spurring measures, mainly aimed at helping small businesses reeling from the rise of the yen against the dollar. The package calls for lower interest rates on public loans to small andReuter - 213 words
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99 1986-05-31 1 UPI JAPAN posted a record current account surplus of US$7.B6 billion for April, as well as an all-time high monthly trade surplus of U557.66 billion, Finance Ministry officials said yesterday. The April current account surplus beat the previous peak, set in March, of US$6.9O billion.UPI - 99 words
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Article, Illustration253 1986-05-31 1 BUYERS AGAIN swarmed the stock market yesterday, taking share prices to their highest levels since the market's three-day closure last December. The daily double-digit gains on the Straits Times Industrial Index continued with a 10.67point rise to 656.00 yesterday, its best finish since Nov 29,253 words
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Article553 1986-05-31 1 GOH YEE LING - By GOH YEE LING IT'S THE CLASSIC rags to riches story almost. In a year that saw businesses everywhere shrinking or closing down, two brothers have built a little empire of clothes stores across the island. In May last year, Choo Chong Ngen, 33,553 words
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245 1986-05-31 1 NYT THE PACE of economic activity in the US has picked up markedly this month, following a sluggish April, a closely watched business survey shows. The National Association of Purchasing Managers, whose monthly report provides one of the first glimpses of overall economicNYT - 245 words
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Article71 1986-05-31 1 Reuter TAIWAN is set to become a developed country by the end of the century with annual per capita income more than quadrupling to more than US$l3,OOO. A spokesman for the Council for Economic Planning k Development said yesterday a long-term economic plan finalised onReuter - 71 words
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Page 1 Advertisements
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Advertisement65 1986-05-31 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM IGolf Club Tfct tMOMt j»W cM (f tfcaa alii Yamaha s Carbon Composite clubs can withstand stress and strain under all weather conditions, giving uniform high performance throughout and retain their initial performance much longer than other types YAMAHA CARBON COMPOSITE Showroom: 7th Floor,65 words
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Advertisement257 1986-05-31 1 mm SHARE INFORMATION MONEY A EXCHANOEB RAW MATERIALS SHIPS IN PORT jvt rr.v.T TV RADIO OUR VIEW CULLING THE MINOR ITEMS of news filling the world's newspapers, one's inescapable conclusion must be that humonity is collectively insane. That would certoinly be the view of any alien lifeform which had the257 words
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Advertisement147 1986-05-31 1 Full Roport, Page 10 Chart Point, Pag* 11 Int'l Stocks, Pago 8 Asian Stocks, Pago 9 A WHOLE WORLD OF OPPORTUNITIES At Banque Indosuez, we've been serving Singapore as far back as 1905. Our office is part of a vast Asian and Australasian network spread over 18 countries including among147 words
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Advertisement7 1986-05-31 1 T Ikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM7 words
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HOME NEWS
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Article, Illustration505 1986-05-31 2 BOEY KIT YIN - Japanese companies invested $244 m in Singapore last year By BOEY KIT YIN AGAINST most expectations, Japanese investments in Singapore Jumped 45 per cent to $244 million last year from $168 million in 1984. The 1965 value, the highest since 1979 when $319 million was505 words
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Article379 1986-05-31 2 THE VOCATIONAL and Industrial Training Board will be increasing its yearly intake and hopes to enrol 25,000 trainees in its institutions by 1990. Dr Tay Eng Soon, VITB's chairman, said yesterday that three new vocational institutions in Hougang, Yishun and Jurong East should be completed379 words
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213 1986-05-31 2 ESSO SINGAPORE may have greater responsibility in the new Exxon organisation, which has undergone a major re-organis-ation. Managing director T J Bo lam said in the latest issue of Esso Singapore News that with the change, the local company the second biggest refiner213 words
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Article, Illustration263 1986-05-31 2 THE CONTINUED FALL in oil prices depressed exploration activity in Asean in the first three months to its lowest level since 1977. But for the Asian-Pacific region as a whole, the level of activity has been reasonably constant, international energy consultants Gaffney,Source: Gallney,Cline and Associates - 263 words
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Article306 1986-05-31 2 THE HOUSING A Development Board recently awarded more than $16 million in building contracts, with the largest contract of $11.6 million going to Progressive Builders Pte Ltd. Progressive Builders beat a dozen other contenders to clinch a deal to build six blocks of flats of 336306 words
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262 1986-05-31 2 GRADUATES of the Vocational and Industrial Training Board (VITB) are faring well in their search for jobs in spite of the recession. "The indicators are pretty strong that VITB graduates still command good value in the job market," said Dr Law Song Seng, VITB's262 words
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304 1986-05-31 2 LONG QUEUES and other headaches could soon end for motorists who need to buy season parking tickets from the Housing k Development Board, once again thanks to the computer. A pilot project to computerise the sale of tickets was started in April at three304 words
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Article378 1986-05-31 2 JAIME LYE - By JAIME LYE GROWING DEMAND in the semiconductor industry and the rising yen has given Microelectronic Packaging (S) Pte Ltd the confidence to expand its operations. The company, which makes ceramic packages used to house integrated circuits, will spend more than $5 million this year to raise378 words
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Article953 1986-05-31 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Alfevoni K20 Confer alongside 31.5.86/1500 Aungzeya K19 Boustead alongside 31.5.86/1100 Coly K30 PIL alongside 31.5.86/2300 Equator 4 K23 Thong Soon alongside 31.5.86/1200 G Selatan-5 K10 Ocean Intl alongside 31.5.86/1900 J«mon K22 Thong Soon alongside 31.5.86/0200 Kota Pelangt953 words
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Page 2 Advertisements
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Advertisement101 1986-05-31 2 ISTTITTr-ra SUPER VALUE PACKAGES FOR THE BUSINESSMEN CUM PLEASURE TRAVELLERS WORLDWIDE HOTEL RESERVATIONS First Class Hotel at contracted rates from $36 per person per nlte •Malaysia Hotel from $17 per person per nlte I USA AS U LIKE •4 nites accommodation airfare $2080 •7 days Greyhound Ameripass airfare $1999 •Campervans101 words
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ASIA-PACIFIC
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494 1986-05-31 3 NYT THE 1.5-PER-CENT-RISE in the US index of leading indicators, which is about twice what most analysts have expected, is widely regarded as confirmation that the business expansion will gain fresh momentum in the coming months. "I think it is heralding the second-halfNYT - 494 words
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166 1986-05-31 3 UPI THE PRODUCTIVITY of US workers improved at a healthy 3.6 per cent annual rate in the first quarter of this year as output swiftly rose to equal the pace of two years ago. The Bureau of Labour Statistics stated that non-farm businessUPI - 166 words
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Article, Illustration584 1986-05-31 3 Emphasis on faster growth in major policy speech FT PRESIDENT Ronald Reagan has hinted that the US is happy with the current level of the dollar, but he has placed new emphasis on the need for faster global economic growth in order to bring downFT - 584 words
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354 1986-05-31 3 Bernama THE PHILIPPINE national budget will be short by 25 billion pesos by the end of this month and this shortfall is expected to balloon to about 43 billion pesos by the end of the year, Philippine National Bank president Vicente Jay meBernama - 354 words
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171 1986-05-31 3 AFP US TRADE Representative Clayton Yeutter has called for an early settlement of US-South Korean talks on the protection of US intellectual property rights and market opening for US products. In a meeting with South Korean Trade Minister Kum Jin-Ho in SeoulAFP - 171 words
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161 1986-05-31 3 UPI THE PENTAGON continues to subsidise foreign government purchases of US-made weapons, in spite of a law barring belowcost sales, a report by a US House investigatory panel states. Congressman Jack Brooks, the chairman of the government operations subcommittee on national security, said on ThursdayUPI - 161 words
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105 1986-05-31 3 AFP THE EUROPEAN Community is asking newly industrialised countries such as Taiwan and South Korea to provide recipro: cal agreements when their textiles are allowed onto the European market. Karl-Heinz Narjes, the EC Commissioner for Industry, said in Brussels yesterday that theAFP - 105 words
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Page 3 Advertisements
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Advertisement239 1986-05-31 3 Business Class of 2001. >» A V 4 X t A f h J* JL-' I te'i"Mmr a Sr- .a f >• >- rtea ■< 4§mJikjM± #S'iSW «g7st *«rar ME, Mi jkS^'JE 2* >-• i. ShvsL_ 3»y. ,y »->';• *mm V "J* a»at t v."*3» 3££ *v.> im- > A"239 words
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Page 3 Miscellaneous
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Miscellaneous58 1986-05-31 3 Doonesbury SOHOWPM MAYONNAISE GET ON MY UJHAVSTHE m P6AL, pupzrniL MONET, CURTIS* WASH OFF. wi m M T J 1 0° 83S8 CURTIS, THAT MINTING IS UORTHOVER $3 M/LUON. X 3 1-1 d(K 1 m sBY GARRY TRUDEAU UMJ Mm m IT POFSNT LOOK THEPYRMP AS 600 PAS WAS A58 words
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REST OF THE WORLD
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458 1986-05-31 4 SOUTH AFRICA'S extreme right-wing whites are growing confident that they can win power, stamp out black protest and revert to "pure" apartheid. Political analysts in Cape Town said on Thursday that the ruling National Party (NP) is deeply worried by white militants' recent458 words
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Article122 1986-05-31 4 AFP CANADIAN companies are pulling out of South Africa in "significant" numbers, says a Canadian government official. Albert Hart, who oversees Canadian business interests in South Africa, said yesterday that five out of 22 Canadian corporations in the country had dis-invested or closed branches there inAFP - 122 words
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362 1986-05-31 4 Reuter THE SOVIET UNION has cleared the way for formal recognition of the European Community after almost 30 years by accepting EC conditions on a possible trade accord with the Comecon trading bloc. Moscow has sent a letter to the EC's Brussels-basedReuter - 362 words
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109 1986-05-31 4 UPI DOCTORS across Ontario, Canada's most populous province, angered by a proposal to limit what they can charge for their services, entered the final day of a two-day strike yesterday with the threat of more walkouts. At least 11,000 physicians closed offices and cancelled non-emergencyUPI - 109 words
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Article, Illustration280 1986-05-31 4 Reuter NATO ALLIES meeting in Canada have expressed alarm at the prospect of the US abandoning the Salt-II arms limitation treaty with the Soviet Union. But a participant in the North Atlantic Council talks which started on Thursday said Secretary of StateReuter - 280 words
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Article59 1986-05-31 4 AP THE DIRECTORS of the US Central Intelligence Agency and the US National Security Agency have appealed (or news organisations to help stem intelligence leaks they claim have cost both human lives and billions of dollars, in an interview on Thursday. But they played downAP - 59 words
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Article96 1986-05-31 4 UPI ELDERLY single men and women are Just as romantic and sexually active on dates as their younger counterparts and often are even more creative. Two Minnesota sociologists, Kris Bulcroft and Margaret O'conner-Roden, who studied the dating habits of people over the age of 60, saidUPI - 96 words
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Article687 1986-05-31 4 ARRIVALS Operator Service Local From number time SIA SQ107 1250 KUL S1A SQ203 1300 CGK GJA GA900 1310 PKU THAI TG440 1330 BKK/HDY SIA SQI 1335 SfO/HNL/HKG SIA SQ61 1335 BKK SIA SQ956 1355 DPS a A GA956 1355 DPS SIA SQI 09 1405 KUL SIA SQ455687 words
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RAW MATERIALS
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Article139 1986-05-31 4 CMimm Produce Exchange Robusta 20/25% FOB NSW 510.00 S«ll«n' noon dosing pi >ices on Nutmeg Moy 30 (SS/100 kg). 110 FOB NSW 1422.00 Coconut oil BWP FOB NSW 1322.00 Bull FOB 48.00 Gainbier OkJ drum FOB 61.00 FOB NSW 330 00 New drum FOB Copra Mixed (loose) 65.00139 words
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Article313 1986-05-31 4 RAS prices in S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 172 50 173.SON 173.75 174 75N Int 1 RSS June 86 171 00 172.00 172 50 ***** Int 1 RSS July 86 172 25 172 75 ***** 174 00313 words
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Article99 1986-05-31 4 SELLERS yesterday puked the price ef tin ea the Kaala Lemper Tie Market te M 514.4» per kilo, dewa nine eeats (rem Ttarsday's cleee. Prices epeaed ehaaged (rem evendght levels, attracting selling interest bat hay era were reserved, aad taraever (eU te VI teanes (rem 141 ea Iharsday.99 words
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Article66 1986-05-31 4 Bangkok (USS/tomM, FOB) White Rice 100% 1st ckm 240 100% 2nd doss 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-l Ord unq Loonzain Rice 100% 1st grade unq66 words
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Article329 1986-05-31 4 SINGAPORE THE MARKET yesterday closed higher with June One RSS buyers quoted at 172.50 cents per kilo, up 1.75 cents from Thursday. The morning session ended steady at around overnight levels after early gained were pared by prof-it-taking. Speculative buying and a reserve of sellers helped prices to recover329 words
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Article104 1986-05-31 4 (centi/kg, 1-ton po e,s) JUNE 86 JULY 86 (current month) (forword month) RAS NOON NOON Buyor* Soltcrt Buyers S«4l«n SSR 20 161 50 163 50N ***** 164 OON SSR 50 158 50 160 50N 159 00 161 OON MRELB Buyor* Sollors Buy ore Sell«n SMR CV *****104 words
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Article215 1986-05-31 4 MALAYSIAN crude palm oil prices yesterday eased gradually from early highs on profit-taking and weekend selling to close slightly lower. The market had firmed initially, extending overnight rises, as sentiment was boosted by talk that India may have bought up to 88,000 tonnes of processed palm oil at215 words
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Article680 1986-05-31 4 Reuter COFFEE STEEP LOSSES in New York added impetus to London's strong downside momentum on Thursday afternoon to take the market down to 27-week second position lows before lightly paring losses, dealers said. At the close, second position July was £80 down from the previous close at £1,875Reuter - 680 words
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Article201 1986-05-31 4 Reuter WHEAT FUTURES on Thursday fell 5-1/4 cents to four cents a bushel in a moderately active close on the Chicago Board of Trade. Late selling came from computer-guided commission accounts, traders said, as prices fell for the fourth straight session, pit brokers said. Wheat has remained under pressureReuter - 201 words
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Article221 1986-05-31 4 Reuter SO 7 'BEAN FUTURES on Thursday ranged from 1-1/2 US cents a bushel lower in July to 1/2 cent higher in new crop amid dull featureless trading on the Chicago Board of Trade. The decline in July corn futures prompted sympathetic pressure in July soybeans, prompting traders toReuter - 221 words
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Page 4 Advertisements
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Advertisement51 1986-05-31 4 I I II \I I if II I Every Tuesday, Thursday, Saturday and I 1 VI I II II Sunday. Leaving Changi Airport at M Jy Ai. 22:05 hours and arriving at Heathrow at 07:05 hours the following morning. Call Air Canoda at *****55 or your Travel Agent AIR CANADA51 words
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BANKING AND FINANCE
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Article704 1986-05-31 5 Reuter SINGAPORE THE US dollar yesterday recovered from its early setback against most major currencies to close higher compared with New York levels in thin late trading, dealers said. It firmed to a late 172.85/95 yen from an early 171.80/90 and compared with New York's 172.10/20 close. DealersReuter - 704 words
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Article, Illustration293 1986-05-31 5 Asian market PERIOD Asian dollar deposit rates yesterday closed firmer compared with Thursday's levels, in moderate trading. One to six months closed at a common 7-3/16 7-1/16 per cent, up 1/8 point from Thursday night, nine months at 7-5/16 7-3/16 per cent, up 1/8 and one year at 7-3/8 7-1/4293 words
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Article243 1986-05-31 5 Interbank rotes at 3pm yesterday: Curranciaa Nominal rata* Si mrtttaonion Bid Offer ci rooo parity change Local dollars to one unit of foreign currency US dollar ***** 2 2385 ***** -20 64 Sterling pound 3 3249 3 3286 7 3469 -5474 Australian dollar 1 6027 1 6050 *****243 words
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Article235 1986-05-31 5 HONGKONG: GOLD yesterday closed a shade lower in moderately active trading mainly on profit-taking. It ended at U*****.00/50 an ounce compared with New York's 343.30/80 close and the 342.50/80 finish here on Thursday. On the local market, gold rose HK$4.5O to close at HK53,184.50 a tael. Krugerrand rose HK$lO235 words
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Article464 1986-05-31 5 ALVIN TAY - Adequate safeguards, says UOB manager By ALVIN TAY A GENERAL MANAGER of the United Overseas Bank yesterday argued against the notion that banks in Singapore should be kept out of stockbroldng because of a conflict of interests. It has been said that a possible conflict464 words
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Article395 1986-05-31 5 Fwsdellw futures yesterday gapped sharply lower following the better than expected US leading indicators and money supply figures. The September contract traded to a low of 92.77 before recovering back to the opening level in the early session in active trading. Liffe opening saw prices firming to 92.82 on395 words
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Article51 1986-05-31 5 RESULTS OF TENDER held on May 30 (or 91-day Treasury bills to be issued from June 2 to June 6: Offered: $150,000,000 AppM tar: 1374,000,000 Allotted: $150,000,000 Accepted Mis: $99.47 approximately 64 per cent, higher bids in full. Average rate ef Mmut ea alletft: 2.125 per cent per51 words
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Article55 1986-05-31 5 THE OVERNIGHT rate on the Singapore interbank money market rose by 5/16 point from Thursday to close at 51/16 per cent yesterday. S$ Inter bonk rotes ot 7pm yesterday: Offer Bad reght 5 1/16 4 15/16 1-month 5 1/8 5 2-month 5 1/16 4 15/16 3-month 5 1/1655 words
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Page 5 Advertisements
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Advertisement276 1986-05-31 5 Canon These days a businessman deserves all the breaks he can oet. i That's why we created our Canon 3000 Generation Copiers Only Canon now offers you so many copying advantages for so little. Canon thinks times are tough enough for businessmen, so we've created two new copiers to reshape276 words
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TIME-OFF
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Article561 1986-05-31 6 ASSUME you were an intelligent alien lifeform just arrived from Alpha Centauri or Sirius or some other Milky Way place, having travelled unimaginable distances to visit this speck of dust in the Cosmos which we call Earth. You would probably take one look at the561 words
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Article, Illustration813 1986-05-31 6 JEFFREY TSANG - By JEFFREY TSANG CITROEN'S latest addition, the top-of-the-BX-line 19 GT, must be the first grand tourer to combine performance with comfort that would give any executive saloon a run for its money. In spite of four days of testing during which I813 words
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Article1118 1986-05-31 6 What's on from May 31-June 6 u CONCERT: Anglo-Chin*** School Military Band. Sentosa Musical Fountain. 7*Bpm. Progromme for the evening includes Malaguena's True, Solute to Motown and Yorkshire Ballad. Free except for usual entry charges into the island. EXHIBITION: Competitive Sport from a Different Perspective. Goethe-ln-stitut Art Gallery, Singapore1,118 words
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Article271 1986-05-31 6 AN ADVERTISEMENT by the Meridien Hotel reproduced the signatures of a lot of excellent French chefs who admitted that English cooking was magnifique. And, on the strength of an exhibition by a British glass sculptor, the hotel's la brasserie Georges restaurant turned over to the inevitable271 words
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Article, Illustration127 1986-05-31 6 THE HIGHLIGHT of tha "Swim of Ireland" festival, to ba hakf mĕ liw m Marl rilan m iff# iwtrKjitn urcnara noiti, ia an exhibition of the worka of 50 artiata from Iraland. Tha axhibitlon will includa tha painting, Batay Gray (laft), by Brian Farran. Mr127 words
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Page 6 Miscellaneous
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Miscellaneous795 1986-05-31 6 oay OME I STRODe into rue oFFice ,nw |HfcPO HELD HIGH... [W* FuTg«e. pissußeo PRYTUo. mv e>rrHL)Sif\Sf SUDdgjsily f&rejz&o OT f! tomb mmsmm S 8 CRYPTIC PUZZLE ACROSS 9 Blue rs not right (8) 10 Except for the soop (3) 11 Not, it seems, olowed to reman in production (6)795 words
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SPORTS
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Article, Illustration734 1986-05-31 7 WORLD CUP '86 AP AFTER YEARS of planning, the 13th World Cup kicks off tomorrow in a blaze of colour and pageantry, putting Mexico at the centre of a soccer spectacle that lasts for a month. Defending champion Italy will play Bulgaria in the opening gameAP - 734 words
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307 1986-05-31 7 AP ITALY and Bulgaria square off tomorrow in the World Cup opener, and soccer officials hope it won't turn into a grudge match. The two sides have sniped at each other during match preparations this week, trading words on a dispute between their twoAP - 307 words
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Article, Illustration516 1986-05-31 7 Reuter SWEDISH TITLE-HOLDER Mats Wilander scraped through a five-set second round battle against American Aaron Krickstein at the French Open tennis championships on Thursday, but fifth-seeded compatriot Stefan Ed berg was not so lucky. The second-seeded Wilander needed every ounceReuter - 516 words
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Article, Illustration381 1986-05-31 7 Reuter BRAZILIAN COACH Tele Santana, faced with deep-rooted problems within his squad, is poised to swap the artistic soccer of the 1962 finals for a more pragmatic approach aimed solely at winning the World Cup. "In 1962, people said we enchanted the world, yet weReuter - 381 words
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440 1986-05-31 7 WALTON MORAIS - By WALTON MORAIS STILL SEPARATED by only three strokes, Sembawang and Seletar tee off in the penultimate round of the Premier League golf championship at Tanah Merah tomorrow aware that any slip-up at this stage could cost dearly. Neither will have440 words
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228 1986-05-31 7 AFP FRENCHMAN Emmanuel Dussart, making his professional debut in Britain, on Thursday shot a five-under-par 67 in the £150,000 Pro-Celebrity Tournament counting for the European circuit in England. Virtually unknown in Britain, Dussart shook the stars by taking a one-stroke leadAFP - 228 words
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106 1986-05-31 7 Reuter FRED COUPLES of the US equalled the course record with an eight-under-par 64 to seize a three-stroke lead after the opening round 6f the US$5OO,OOO Kemper Open Golf tournament in Maryland on Thursday. Couples scored nine birdies over the Congressional Country ClubReuter - 106 words
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Page 7 Miscellaneous
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Miscellaneous1152 1986-05-31 7 TO QUE) mm TYRONE POWER MOVIES The Black Rom 8.30pm, Channel 12 It is the 13th century, and the Saxons are still bitter towards the Normans, 200 years after their conquest of England. A young Saxon, Walter of Gurnie, returns from Oxford after his father's death. Finding his father has1,152 words
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INTERNATIONAL STOCKS
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329 1986-05-31 8 Reuter BAT INDUSTRIES PLC's 1906 full-year results should show renewed profit growth at the pre-tax and attributable levels, subject to currency movements, particularly the US dollar, chairman Patrick Sheehy told the annual meeting. Within this framework, it remained the board's intention to continue increasing dividendsReuter - 329 words
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129 1986-05-31 8 NYT ANDERSON, Clayton k Co, a consumer products concern whose shareholders are to vote next week to restructure the company, received a surprise US$655 million acquisition offer on Thursday from Bear, Stearns 4 Co and Grass A Co, two New York investment firms. •TheNYT - 129 words
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307 1986-05-31 8 Reuter WALL STREET stocks on Thursday edged higher to close at another record, with stronger IBM and anticipation of a sec-ond-half recovery prodding the bull market higher. The record-setting move overcame a profit-taking sell-off and bearishness over further gains in interest rates. StocksReuter - 307 words
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Article113 1986-05-31 8 MAY 29 a krrv CM 42* 18* krrt Pro* Pip« 44* AMU 24* 21* 45H -f 1* 15* 14'* 13 H Bonk Monf 33* 14% 4* 39 S inch inch unch unch Mc BkxM 33* 27 1* Bp Rmoutcm 29* 36* 18* Norondo In Northgaf* Exp 18* 4* 18*113 words
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Article201 1986-05-31 8 MAY 29 M MMJSTtlALS Trust Bk Un Steat WooMnj 140 62 1400 5 inch unch A Alpha Abarcom 1000 220 1080 unch unch -20 MIMNGS 4425 25 485 -1-5 4200 1750 1770 5 7150 C G Smith 2850 25 1TMH CNA 225 unch Com Gold 2450 475 unch 1050201 words
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Article476 1986-05-31 8 MAY 29 US$ 23* Novafor 9* 18* NCR Corp 55* 1* FMC Cp 49* AJcon AJurrm Ford Motor 81* 1* Noftofc 84 -I* ABag Imt 21% 45V) Freeport Mnrl Freiiwut Cp 19* 38* unch O»o Ecfcson 19* inch Afc-Chafcnars 5* 86* inch GAF Cp 37* Otn Cp Qwani476 words
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Article764 1986-05-31 8 Amsterdam MAY 29 fk ABN 586 00 1 112 40 -0 4 AhoAd 82 90 ***** 0 1 -0 1 153 30 01 AMEV 84 20 113 50 02 1 127 00x4 5 6*V«4 31 50 Borv-mn Duatanxjii Tittirodt Catva 739 00 ***** ***** 4 •1 3 218764 words
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95 1986-05-31 8 Reuter THE PRIVATISATION of British Gas Corp later this year will be the world's largest ever share offer but could fetch far less than the £6-£8 billion often suggested. When the decision to sell BGC was made last year officials estimated it could bringReuter - 95 words
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Page 8 Advertisements
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Advertisement632 1986-05-31 8 f*§r m Pi A sumptuous family treatnow available on SUNDAYS TOO/'.' r A .tlm i f with a delicious spread of over twenty delightful dishes and dessertsl Lunch: 12 to 2.30 pm WMnetday A Sunday at Terrace Garden Coffee House 181 Kitchener Road. Singapore 0620, Tel *****22 Heartthrob Special V632 words
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Advertisement221 1986-05-31 8 Dm Frankfurt market wu clotsd London stocks, Pago 11 Sunday family attraction Only $150 or $180 for a table of 10. Two grand 8-course menus for a delightful lunch or dinner treat for the family, n. Weekday fare (Lunch only) Only $60 for four persons or $90 for six persons.221 words
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ASIAN STOCKS
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Article370 1986-05-31 9 HONGKONG: Share prices yesterday closed higher on moderately active short-covering, after falling in the morning session. Institutional traders covered their positions after failing in an attempt to push the Hang Seng Index below 1,770. The Hang Seng Index closed 15.20 points higher at 1,787.%, while the Hongkong Index370 words
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Article258 1986-05-31 9 MAY 30 Al Smart Indus WT 2 28 -0 04 +0.2 -1 -05 -1 8 Kofn Kuochon Dev Lm Chang Yuen 29 00 21 50 28 00 -04 -02 0 1 Cathay Cons Chang Hwa Bank 30 30 44 20 Lien Hwa hndus Nan Ya Plos Poahc Corn 1290258 words
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Article459 1986-05-31 9 TOKYO: Buying by newly established investment trusts yesterday helped lift share prices off midday lows and push the Market Average up 60.16 to a record close of 16,670.77, surpassing the previous record close of 16,610.61 set on Thursday. Turnover was a moderately active 630 million shares against 950 million459 words
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Article78 1986-05-31 9 MAY 30 Monte*) Onantol B 0013 0003 Phi Ov«f»«o» 0017 i«ch Acow Mim Ptvtex B 0 18 unch Anglo Phil Pieop B PLOT 75 Atkn Coo B 13 unch Son MigueJ B 44 15 Boguo Gotd 0 001 unch 0075 0 0675 Bovc Petrotium 0 0024 unch 9 5078 words
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Article360 1986-05-31 9 SYDNEY: Sharemarkets yesterday closed firmer, in spite of a sharp fall in BHP, as investors flush with cash continued to invest in quality industrial and mining stocks. By the close of trading, the All Ordinaries Index had risen 12.9 points to 1,241.2, taking its gain this week to 49.5360 words
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Article70 1986-05-31 9 MAY 30 Wo* Hyundai Const Hyundai Motor 935 2560 -5 100 701 18 KAL 1310 •II 650 +6 707 -2 700 17 3175 +75 552 12 Korea 445 -19 1091 17 Lucky Ltd 1311 +21 1465 +70 i?*7 12 492 unch 2375 -95 Gold Star 1700 50 1230 4970 words
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Article138 1986-05-31 9 BANGKOK: The Securities Exchange of Thailand Index yesterday was up 0.71 point to 129.08. Turnover for the week was 631,087 shares valued at 67.6 million baht. MAY 30 Mm* SermstA Siam Cement 382 465 unch 2 Ao Kham Thai 120 •4 Saam Citizens Sam Cituens Leasing 25 up Ayudhyo138 words
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Article59 1986-05-31 9 Reuter PACIFIC DUNLOP LTD has made Joint venture agreements to establish a footwear parts factory in Shanghai and a sock and a knitting plant in Beijing. The diversified manufacturing company, which already has links in China, said on Thursday it would have a 45, 37 andReuter - 59 words
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Article, Illustration511 1986-05-31 9 Reuter THAI AIRWAYS International Ltd would be looking (or a floating price of 500 baht per 100 baht ordinary share if it goes ahead with plans to privatise part of the company, airline president Air Chief Marshal Janya Sukontasap said yesterday. The ThaiReuter - 511 words
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87 1986-05-31 9 Reuter HUTCHISON WHAMPOA LTD is studying possible expansion into overseas operations, particularly in North America. The group's chairman, Li Hashing, said after Hutchison's annual meeting on Thursday "North America is the best place for future expansion in view of political stability and well-founded infrastructure there".Reuter - 87 words
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162 1986-05-31 9 AFP THE SWEDISH electrical giant, Electrolux, is to invest Msl7 million to set up a household appliance manufacturing factory near Kuala Lumpur, a top company executive said yesterday. Gunnar Broberg, Electrolux Malaysia group manager, said that the facility to be built in ShahAFP - 162 words
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Page 9 Advertisements
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Advertisement136 1986-05-31 9 iicre <o wins, ilae wd cuterMk #f=P For a Bsranakan Buffet Lunch so good, even Nonyas feel at home. For over a decade we've been known for Peranakan Buffet lunches with a home-cooked flavour. You too can enjoy the pleasure daily, for only S$ 14.00++ per person. The Luna Coffee136 words
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Advertisement130 1986-05-31 9 übertutf (©rill a a i /VsHooray 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 cheese board Sunday Brunch: 11 am 2.30 pm. $24 for adults. $12 for130 words
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Advertisement137 1986-05-31 9 SPECIAL FEATURES: Daily Buffet Breakfast $11.50 Daily Set Lunch $10.50++ Sunday Family Buffet Lunch Adult $14** Child $10.00 Teochew Porridge $8.00 (Nett) Every Fri Sat, (Upm to 3 am) LEVEL 4, Paramount Hotel, Marine Parade Road, Singapore 1544. Tel: 344-5577 Meals at Cafe De Grand are twice as good, U137 words
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Advertisement139 1986-05-31 9 MAGICALLY HYATT 1+1=) l-»-l l!?! 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 5.00 PM 7.30 PM The Lounge 6.30 PM 9.00 PM Chinoiserie 8.00 PM 10.00139 words
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Advertisement111 1986-05-31 9 r after five... ;\'n 2 it f 2 Live Bands Nightlyl spm 1 am (Monday Friday Sunday) spm 2am (Sat eve of public holiday) HAPPY HOURS spm 7pm (Daily) It's a real happy time! Just buy a drink and get the second FREE (except premium brands) DBH Well known band111 words
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SHARE INFORMATION
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Article, Illustration4240 1986-05-31 10 FOR THE SEVENTH straight trading day, share prices finished sharply higher on the Singapore stock market yesterday in active dealings. Price gains were widespread in all sectors of the market as advances overwhelmed declines 140 to 32 in trading of 17.36 million4,240 words
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Article278 1986-05-31 10 SINGAPORE Rices Indi ICM Aokom 500 +70 BT Compovtc May 29 Mo* 90 534 82 542 91 Perlrj Plort 308 23 BT Mxoior *****32 *****24 FAN 640 20 BT OB/OS 160 270 C K Tang 143 18 BT CADI 7045 -6960 S 1 A 640 15 BTOBV278 words
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Article3804 1986-05-31 10 SECTION ONE INDUSTRIAL COMMERCIAL Acmo (I 148 1.155H5) 1.10(7) I 14(16) 115(5) 1 16(4) 1.12 (8) 1.13 (17) 1.14 (7) 1.12 (19) 1 13CD Alcorn (0 57*8 0.595) (1) 0.58 (1) 0 59 (15) 0 58 (6) 0 59 (4) 057*CRI Amol Steel 50c (03,804 words
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Page 10 Advertisements
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Advertisement11 1986-05-31 10 KL market report, Bueineee done on the KLSE See page 1111 words
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COMPANY NEWS
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643 1986-05-31 11 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI CHART POINT is back after a three week break and the first task at hand is to take a quick look at the technical picture of the stock market to bring us up to date on events. The April 12 column,643 words
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Article, Illustration546 1986-05-31 11 Work on Promet resort stopped but not abandoned, says Brian Chang WORK on Promet's Langkawi resort project has stopped but development of the project has not been aborted or abandoned. Promet managing director and chief executive Datuk Brian Chang yesterday said work had stopped far "Just546 words
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Article130 1986-05-31 11 MALAYSIAN Mining Corporation has decided to divest its Diamond Cutting operations in Kota Kinabalu. The buyer is Anuar Yahya, who was until then the manager of the diamond operations. The consideration paid (or the company, Diamond Cutting (M) Sdn Bhd, was not given. MMC said in130 words
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Article131 1986-05-31 11 DUFF DEVELOPMENT Bhd said that by mutual agreement with Hock Holdings Sdn Bhd, the purchase of 325,000 shares each in Makissa Management Sdn Bhd has been cancelled. GENUNG BHD said its share registrar has been changed with effect from May 30 to Genting Management ft Consultancy Services Sdn131 words
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Article78 1986-05-31 11 Reuter WESTPAC BANKING Corp has obtained a Judgement in the Malaysian High Court to prohibit a Malaysian company, Westpac Credit Corp Bhd, (ran carrying on business under the name "Westpac" or any similar name. The court ordered the Malaysian company to change its name, pay asReuter - 78 words
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Article105 1986-05-31 11 HONGKONG All Industrials Hong Kong Index Friday 1999.8 Thursday 1970.3 Friday 1111.50 Week ago 1926.7 Thursday 1102.28 WMkogo 1129.18 NEW YORK Hong Song Index Dow Jones Friday 1787.90 Thursday 1882.35* Thursday 1772.76 Wednesday 1878.28 Week ago 1815.92 Week ago 1806.30 TOKYO Standard Poors Nikkoi Avorogo Thursdoy 247.98 Wednesday105 words
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Article235 1986-05-31 11 Monogflfi' pftfot for May 31 June 2 Singapore Unit Trust The Comnwfce 0.77 0.82* The Savings Fund 0.68 0 72 S'pore Prog Fund 0.33 0.35 S'pore Sec Fund 0.55 0.59 S'pore Invest Fund 0.52 0.56 S'pore Equity Fund 0 38 0.41 Asia Unit Trust Mol Invest Fund 1.14235 words
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Article3173 1986-05-31 11 BID and otter prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. PDUSTRUU.S Acrno (1.316 I 40S)cd Ajinomoto (2.988 3 02S) (39)3,173 words
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Article825 1986-05-31 11 Reuter SHARE PRICES were quietly mixed at yesterday's opening, but with a slightly firmer Mas, on the last day of the three-week account. Dealers said they expected to see some demand return yesterday, mostly in the form of buying for the new account, following Thursday's declines after theReuter - 825 words
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484 1986-05-31 11 BULLS CHARGED the Kuala Lumpur stock market yesterday, causing share prices to close steadier across the board. Interest was seen in most industrial counters but selective stocks in tins, finance and plantations also attracted considerable interest to close impressively higher. Blue chips484 words
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Page 11 Advertisements
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Advertisement135 1986-05-31 11 I/ACT PTE. LTD (la Creditors' Vaiutory WMtac-Up) NOTICE IS HEREBY GIVEN, pursuant to Section 307 (1) of the Companies Act, Cap. 185 that a Meeting of the Creditors of the company will be held at 163 Tras Street, #09-03, Llan Huat Building, Singapore 0207 on the 16th day of June,135 words
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Advertisement246 1986-05-31 11 NOTICES IN TO MATTES OF THE COMPANIES ACT, CAP. H IN THE MATTES OP UNICORN MARINE A INDUSTRIAL PR LTD (MEMBERS' VOLUNTARY WINDINO-UP) At an Extraordinary General Meeting of the Members of UNICORN MARINE L INDUSTRIAL PTE LTD duly convened and held at 151 Duchess Avenue, Singapore 1026, on the246 words
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Advertisement244 1986-05-31 11 COMPANIES ACT, (CRAPI W) AND IN TB MATIB Or II 'Ml (PTK.) LTD. NOTICE 18 HEREBY GIVEN, pursuant to Section 308 of the Companies Act, (Chapter 185), that a Final Meeting of the Members of the above named Company will be held at the office of the liquidator, NoJi Shenton244 words
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Article, Illustration415 1986-05-31 12 LISA LEE - By LISA LEE A SRI LANKAN maid locked in a penthouse apartment by her employer for nearly a month was freed by the police last night. Two police locksmiths worked at the back and front doors of the apartment at BlkPicture by WAN SENG YIP - 415 words
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Article, Illustration573 1986-05-31 12 LUCY NG - Changes to plans likely to have created stress, inquiry told NEW WORLD INQUIRY By LUCY NG THE STRUCTURAL strength of the Lian Yak Building was questioned yesterday during the third day of inquiry into the collapse of the Hotel New World. Amendments made to the original573 words
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Article, Illustration496 1986-05-31 12 JUNE LIM - By JUNE LIM PROFITS FROM ship sales and a change in the depreciation policy have cushioned losses incurred by Neptune Orient Lines last year. The group reported a pretax loss of $17 million even after taking into account496 words
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222 1986-05-31 12 A LOCAL STOCKBROKER has put forward a six-point plan for the development of the Stock Exchange of Singapore. Speaking at the conference, "Growth Strategies for Banks and Financial Institutions in the late *****", Mr Lim Hua Min, the managing director of Phillip Securities,222 words
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Article137 1986-05-31 12 Reuter NORWAY'S new Labour government unveiled yesterday a US$47O-million package of tax increases and spending cuts combined with a restrictive credit policy, aimed at softening the effects of lower oil prices. Finance Minister Gunnar Berge, announcing a revised 1906 national budget, said foreign trade figures wouldReuter - 137 words
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Article, Illustration311 1986-05-31 12 MONICA GWEE - By MONICA GWEE SIGNS OF GROWTH in certain economic sectors must be regarded cautiously, First Deputy Prime Minister Goh Chok Tong warned yesterday. "There is still a recession and we have to bear that in mind," said Mr Goh, after a tour of311 words
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LATE FILE
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Article42 1986-05-31 12 AFP HONGKONG-BASED Dragon Airlines is applying (or licences to operate scheduled flights to (our destinations in the US. A Dragonair spokeswoman said yesterday that it had applied to fly to Guam, Honolulu, Los Angeles and Houston. AFPAFP - 42 words
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56 1986-05-31 12 AFP JAPAN'S seasonally adjusted jobless rate in April rose to 2.9 per cent from the previous month's 2.7 per cent, equalling the record unemployment rate set last December. The management and coordination agency said yesterday that the number of unemployed increased 250,000 over aAFP - 56 words
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31 1986-05-31 12 AP THAI military and government officials yesterday accused Vietnam of deliberately shelling a Cambodian refugee camp to kill civilians or push them deeper into Thailand. APAP - 31 words
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51 1986-05-31 12 AFP HONGKONG said yesterday that it would introduce a bill that would ban noisy aircraft from the colony's airport. Domestic and international flight operators would have to produce certificates indicating compliance with world standards of permissible noise if the bill were to be passed.AFP - 51 words
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Article40 1986-05-31 12 Reuter DISSIDENT Kim Dae-Jung said yesterday that South Korea's main opposition party would insist on the release of more than 1,600 political prisoners before it sat down to talk about constitutional change with the government.Reuter - 40 words
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Article49 1986-05-31 12 Reuter DENMARK yesterday became the first country in the Western world to ban trade with South Africa because of its apartheid policies. The Danish Parliament approved by 76 votes to 5 with 63 abstentions a bill to ban trade from June 15. ReuterReuter - 49 words
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Article38 1986-05-31 12 Reuter THE European Community yesterday agreed in principle on tough standards which should bar the import of foods carrying excessive doses of radiation and set the radioactivity levels acceptable within the 12-nation group. ReuterReuter - 38 words
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Article29 1986-05-31 12 Reuter TWENTY-TWO people, including 14 soldiers, were killed yesterday in two explosions in Sri Lanka which the government blamed on Tamil separatist guerillas.Reuter - 29 words
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Article61 1986-05-31 12 Reuter SWISS watch exports in the first four months of 1986 were only a modest 3.2 per cent above 1965 levels at 1.30 billion francs, although an improvement is expected later in the year. The Swiss Watch Federation said yesterday that sales to the most importantReuter - 61 words
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Article33 1986-05-31 12 Reuter ONE OF 12 Libyans ordered to leave Italy on Thursday is the head of a Libyan company owning a minority stake in Hat, said the police yesterday. ReuterReuter - 33 words
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Article50 1986-05-31 12 AFP SIXTY PER CENT of Spaniards support bull-fighting, but 24 pa* cent view corridas as a "barbarous spectacle which ought to go". A Gallup poll published in Madrid yesterday said the majority polled saw the national tradition as an "artistic event that must be kept". AFPAFP - 50 words
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380 1986-05-31 12 Fuji Heavy Industries offers equity-linked bonds on Asian market THE INFLUX of equity-linked bonds by Japanese companies on the Asian dollar market continued yesterday with the sixth issuer, Fuji Heavy Industries, tapping the market for US$5O million. Daiwa Singapore, which has clearly dominated the field by lead-managing all the six380 words
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166 1986-05-31 12 SINGAPORE and Bangladesh have reached agreement to liberalise their current air services agreement after two days of talks which ended here yesterday. "Agreement was reached to further expand the existing route schedule, traffic rights, frequency and capacity," according to a joint statement166 words
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Article57 1986-05-31 12 ADVOCATE and solicitor Chan Sek Keong has been appointed Judicial Commissioner for the Supreme Court for two years from July 1. Mr Chan, 48, is a senior partner with Shook Lin Bok. He was bom in Ipoh and read law in the University of Malaya where he57 words
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Article45 1986-05-31 12 Reuter COMEX GOLD FUTURES edged up US$O.7O to US$O.4O. Spot June gold gained US$O.7O at U*****.30 an ounce, surpassing Thursday's high of U*****.00. Silver futures reached their highest levels yesterday, with July delivery up 6.5 cents at US$5.3O an ounce. ReuterReuter - 45 words
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Article66 1986-05-31 12 Reuter THE NEW YORK stock market yesterday fell from Thursday night's record closing level, as rising interest rates threatened to snap the five-day winning streak. Stocks have virtually ignored the pressure on bonds in posting new highs, said traders. The Dow Jones Industrial Average retreated 11 pointsReuter - 66 words
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153 1986-05-31 12 BANKS in Malaysia have profited from swap 6 facilitated by credit from the central bank, Bank Negara, and from wide interest rates differentials between the ringgit and foreign currencies, banking sources said. They estimated that Bank Negara has in the past two months recycled M153 words
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143 1986-05-31 12 THE SINGAPORE branch of Citibank is one of the most profitable of the bank's worldwide network, ranking among the top 20 in terms of profitability. This was disclosed yesterday by Robert Bailey, the group head for the Asian-Pacific division, when he opened the bank's new143 words
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Page 12 Advertisements
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Advertisement7 1986-05-31 12 Why banks can ba stockbrokers, Paga 57 words
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Advertisement10 1986-05-31 12 M onagers ust anage BT shows you how every Monday.10 words
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Page 12 Miscellaneous
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Miscellaneous56 1986-05-31 12 wmm Outlook for today: Showers over a few areas in the lote morning. Rep. art for 24 hours prior to 7.30pm on May 30 at the airport: Maximum temperature 31.4 Associated humidity 73 Minimum temperature 23.1 Associated humidity 96 Hours of sunshine 8.70 Romfall in millimetres 11.6 Rainfall this month56 words
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