The Business Times, 26 July 1986
1986-07-26
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The Business Times
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Title Section12 1986-07-26 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, JULY 2t, 1188 75 CENTS12 words
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Article, Illustration526 1986-07-26 1 LOH HUI YIN - Encouraging signs to be interpreted cautiously By LOH HUI YIN THE FIRST faint signs of an upturn in the ailing Singapore economy are in sight. Acting Trade and Industry Minister Brigadier-General (Res) Lee Hsien Loong said yesterday that the movement in the526 words
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355 1986-07-26 1 THE ECONOMIC Development Board (EDB) has raised its target for investment commitments this year to $1.4 billion, compared with its earlier projection of $1.1 Union. Brigadier-General Lee Hsien Loong said last night the target for next year was even higher $1.7 billion because355 words
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112 1986-07-26 1 AFP, AP SHARE PRICES on the Tokyo Stock Exchange continued to gain ground yesterday, with market barometers soaring to record highs. The 225-stock Nikkei Stock Average finished at a new record of 18,060.59 yen, up MJS yen over the previous day. The composite TSEAFP,; AP - 112 words
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Article, Illustration28 1986-07-26 1 BMBMOVBHN} and sstoettve fcargshihss^a^^a» reee Lfi idiTto «Ml. wMks the AraUs Ttaes Industrial Index ehalked sp 1.17 prints te 7J7.1t. VetasM was Vmm- psiL haepl!el^Si!^wn. yelSe28 words
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Article, Illustration392 1986-07-26 1 RICHARD SEAH - By RICHARD SEAH WHAT'S ROUND, has thorns and sends many Singaporeans salivating? Hah! That's easy. "Durians." Now try this: What's flat, has thorns and is not likely to send Singaporeans salivating (at least not yet)? The answer, you will discover at Cold Storage, is "Cactus leaves".392 words
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Article223 1986-07-26 1 UNITED INDUSTRIAL Corporation's bid (or trading group Intraco is off. UIC allowed its offer of a one-for-one share swap or cash alternative of $1.70 a share to lapse at noon yesterday. In the absence of a notice of extension, both share prices started to223 words
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634 1986-07-26 1 LORETTA MeLAUGHLAN - ■r LORETTA MeLAUGHLAN MALAYA TIN Printing Co Ltd has been given a deadline to formulate a comprehensive package acceptable to its bankers by the close of builiwm on Monday. This followed discussions with an imnsmed bank which had on Wednesday filed a634 words
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Page 1 Advertisements
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Advertisement146 1986-07-26 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM I Reason TOPS IN DISTANCE lta«|»bNMhMM|rir*M Teets exocUed by an American designed swing robot (the most rotable goM testing equipment to dale) prove thai Yamaha's Carbon Compoerte goH dubs drive a ban 11 metres further or a good 5% more than conventional woods. Reason146 words
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Advertisement390 1986-07-26 1 Graduates' oxpoctations not adjusting to raalttlM Back Pago Weekly bridge column BRIDGE, they say, is mm than just a card game. It is character-building: one learns to be a more disciplined thinker, self reliant but at the same time considerate of another person, and to exercise restraint. Of course, the390 words
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Advertisement137 1986-07-26 1 TTwrm THE WORLD'S PHOTOGRAPHIC SYSTEM 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 among others, New Zealand, Australia, Papua New Guinea, Japan, Korea, China, Hong137 words
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HOME NEWS
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262 1986-07-26 2 LUCY NG - By LUCY NG AT LEAST eight in 10 companies are suffering losses or are —Hng less profits, according to a recent survey by the Singapore National Employers Federation and other employers' organisations. Although the number of companies which are suffering tosws or are262 words
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189 1986-07-26 2 THE MINISTER for Home Affairs, Professor S Jayakumar, has tabled a motion in Parliament to condemn Mr JB Jeyaretnam (Anson) for not giving evidence recently in his ■negations of executive interference in Judiciary apProfessor Jayakumar, who is also the Second Minister for Law, win189 words
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Article, Illustration391 1986-07-26 2 SHU UEMURA, the internationally successful chain of Japanese beauty boutiques, introduced its novel "hassle-free" concept yesterday at Isetan in Wisma Atria on Orchard Road. Mr Uemura himself attended the opening to launch part of his selfserve collection of beauty products well-known for a range391 words
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533 1986-07-26 2 Tan Chek Sian - Letter to Hie Editor Tan Chek Sian Headsf Media* Dear Or, We reler to the article in Business Times entitled "Controversy over new petrol" on Thursday July 17 1966 and would like to make the following points to counter the negative impressions that may have533 words
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359 1986-07-26 2 MARTIN SOONG - By MARTIN SOONG FINGER LICKIN' Kentucky Fried Chicken could go better with Pepsi soon. Odds are good that KFC outlets in Singapore, which serve Coca-Cola, could switch to Pepsi, according to an official for Innovest, which owns the KFC franchises in359 words
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250 1986-07-26 2 YEARLY wage bargaining could turn out to be an expensive exercise for employers keen on introducing a more flexible pay system, said an American management consultant yesterday. A better alternative was a group incentive plan which ties rewards to profits. said Mr Gabriel D250 words
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311 1986-07-26 2 THE CURRENT recession was not as severe as was originally feared, said Dr Tay Eng Soon, the Minister of State for Education. He said that while it was true new business opportunities, new contracts or sales were still sluggish, there311 words
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486 1986-07-26 2 DIAGNOSTIC Biotechnology, the maker of diagnostic kits for AIDS, is trying to raise ft million more in venture capital to fund production of new kits to detect Hepatitis B and other disIfr JK Lin, the managing director of the company, said no money had486 words
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Article160 1986-07-26 2 THE NATIONAL Wages Council (NWC) Secretariat, currently located at the Economic Development Board (EDB), will move to the Ministry of Labour on Aug L The council's composition will not be affected by the tranrier and the Ministry wQI continue to appoint NWC members as160 words
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Article666 1986-07-26 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrivel Departure KEPPEL WHARVES Itaimbe Paleisgracht Auby B'tana Belort Bum bin Equator 4 Equator 5 Huangyun Moscenice Lampung KIO KI2 K25W K25E K29 K22 K23 K27 K18 K11 Pat Elders O Lloyd SSPL SSPL Sharp Thong Soon Thong Soon Y Fung666 words
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Page 2 Advertisements
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Advertisement8 1986-07-26 2 Ptptico to buy Kentucky Frtod Chick*n, Pag* 88 words
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ASIA-PACIFIC
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Article, Illustration260 1986-07-26 3 Retuer THE US government would do battle against restrictions imposed by foreign governments on US exports, administration officials said on Thursday. "We will not sit idly by as other countries impose requirements that shift production and Jobs overseas," Commerce Secretary MalcolmRetuer - 260 words
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Article153 1986-07-26 3 Reuter TAIWAN HAS MOVED briskly to the top of the world's economic growth standings, but Japan and Australia have slipped to the bottom, according to a report by the private US research group, the Conference Board. The board's economic scoreboard shows the leading index in TaiwanReuter - 153 words
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Article874 1986-07-26 3 ARRIVALS Operator Service Local From number time SIA SQI17 0005 KUL UA UA805 0010 JFK/SFO/HKG CAL CI333 0315 TPE MK MK746 0755 MRU MAS MH681 0820 KUL KAL KE624 0840 KUL cv CV796 0845 LUX/DXB SIA SQ8608 0900 BWN MAS MH8M 0910 PEN MAS MH671 0920 KUL874 words
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Article443 1986-07-26 3 New spc level to give earlier signals of takeovers FT AUSTRALIA HAS LOWERED the substantial shareholding threshold (ram 10 per cent to only 5 per cent so that the share market can receive earlier signals of potential takeovers. The lowering of the corporate parapet to revealFT - 443 words
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173 1986-07-26 3 AFP ABORIGINES have vowed to stop the construction near Perth of a college for Asian students because they say the planned site is sacred land. A spokesman for the Murray District Aboriginal Association, Phil Bennell, said on Thursday his association was working out waysAFP - 173 words
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373 1986-07-26 3 FT THE INTERNATIONAL Monetary Fund has relaxed planned austerity measures for the Philippines under the government of President Corazon Aquino in a bid to resuscitate an ailing economy which shrank nearly 10 per cent during the past two years. Philippine officials who were negotiatingFT - 373 words
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178 1986-07-26 3 Reuter TAIWANESE President Chiang Ching-Kuo, worried that huge foreign exchange reserves might spark inflation, is pressing economic officials to open the island's markets and promote investment abroad. Taiwan has about US$3l billion in foreign exchange reserves and they are growing at roughlyReuter - 178 words
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Article78 1986-07-26 3 Reuter THE SENATE has approved by 96 votes to one a tax treaty with China designed to eliminate double taxation of US companies and individuals and prevent evasion of income taxes in both countries. The treaty, signed in April 1964, is intended to eliminateReuter - 78 words
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206 1986-07-26 3 AFP THE US reacted sharply to an Australian statement casting doubt on the future of US bases in Australia if Washington goes ahead with a move to subsidise wheat sales to China and the Soviet Union. In reply to a statement by theAFP - 206 words
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192 1986-07-26 3 AFP NEW ZEALAND is seeking clarification of suggestions that Prime Mlsjrtir Jacques Chirac of France may visit two French agents released by New Zealand during a South Pacific tour next ronwth A spokesman for Prime Minister David Lange said yesterday the NewAFP - 192 words
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232 1986-07-26 3 AFP INDONESIA'S biggest hydroelectric generating station, the 700-megawatt Saguling plant near Bandung on the island of Java, was commissioned on Thursday by President Suharto. "Our being able to complete the project as scheduled at a very difficult time in our economy is proofAFP - 232 words
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522 1986-07-26 3 MBT THE MALAYSIAN government has reduced, postponed or stopped implementation of some development projects which have high foreign exchange components. It has also reduced the services of foreign consultants and contractors in favour of locallyincorporated and registered companies and 100 per cent lo-cally-owned companies.MBT - 522 words
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285 1986-07-26 3 Reuter A LOWER oil import b<D and increased exports will improve Thailand's trade and current account porittoas this fear, the Bank of Thailand has said. The central bank forecast that the trade deficit will narrow to between 25 billion and 30 bfflkm bafat thisReuter - 285 words
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151 1986-07-26 3 AFP HONGKONG is likely to achieve an economic growth rate of 4 per cent this year, say Hang Seng Bank's economists. Although a mini-boom in exports in the first half oi tnis year ooostea Hongkong's export-led economy, private consumption and investment remained sluggish, theAFP - 151 words
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Page 3 Advertisements
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Advertisement37 1986-07-26 3 ovtr Qatt declaration, Paga 4 CONGRA TULA TIONS! MR I.M. PEI of New York On being conferred the prertigioniT Medal of Liberty by President Ronald Reagan of the United States on July 3, 1966 from T.J. Tan37 words
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Page 3 Miscellaneous
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Miscellaneous43 1986-07-26 3 Doonesbury m r 'JU It' 11 m 'M. m m f t* r# 557 c I v A BY GARRY TRUDEAU *Q*rey excuse me., BUT Pft?l UNDER- THATS STAND WU7D SAY RI6KT. 10U BROUGHT A •one? 0 i! Wfl* if i 3- M43 words
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REST OF THE WORLD
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471 1986-07-26 4 NYT THE REAGAN Administration is now forecasting substantially more economic growth in 1987 than it expected just five and a half months ago, according to confidential budget documents. The new forecast also acknowledges that economic growth this year will be less than originally estimated inNYT - 471 words
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Article, Illustration422 1986-07-26 4 FT JACQUES de LAROSIERE, the mmajtiig director of the International Monetary Fund, and Mr Barber Conahle, the president of the World Bank, have urged international hanks to support the US$l2 billion rescue package (or Mexico at a closed-door meeting in New York on WednesdayFT - 422 words
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174 1986-07-26 4 Reuter THE EUROPEAN Community had taken another step towards establishing trade links with the communist trading bloc, Comecon, after almost 30 years of formal non-recognition, an EC spokeswoman said in Brussels on Thursday. She said the EC's external relations commissionerReuter - 174 words
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380 1986-07-26 4 AFP THE UNITED STATES has accused the European Community of blocking, by its position on farm subsidies, the adoption of a ministerial declaration in Geneva defining the goals of the next round of talks under the General Agreement on Tariffs and Trade.AFP - 380 words
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156 1986-07-26 4 AFP THE EUROPEAN Commission has decided to reduce by 2.6 billion ECUS (about the same amount of US dollars) European Community technological research and development fundi proposed for 1987-19 U. Sources said in TTnwaHi that the EC executive body on Thursday revised proposed fundsAFP - 156 words
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79 1986-07-26 4 AFP THE FRENCH giiisiinel wffl take steps to ensure that the state banks and financial companies to be lalnatlssd by UW wffl not lone their credit rating abroad, French official nourceu have nakL Aides to privatisation minister Camille Cabana said the government wasAFP - 79 words
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267 1986-07-26 4 AP AFRICA will lose credibility and international support unless it soon adopts the austere economic measures it has promised, a ranking UN official has said. "What Is at stake is not only our credibility as a people, but also our survival as economic andAP - 267 words
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RAW MATERIALS
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Article771 1986-07-26 4 COFFEE Robust* futures ended a quiet day easier on Thursday in a market generally i—incentive, with contracts closing down £20 to £24 a tonne. Sentiment was undermined by news o( heavy rain in some Brazilian coffee growing areas, although some European physical business, albeit light, defended the lower771 words
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Article137 1986-07-26 4 Chin— Prodi Exchongo ICO Rotousta 20/25% FOB NSW 475.00 ROM closing pi My 25 (S$/100 kg). Coconut oil Bull FOB Old drum FOB New drum FOB rices ee 46.00 59.00 63.00 Nutmeg 110 FOB NSW BWP FOB NSW Gombier FOB NSW 1355 00 1256 00 330.00 Copra Mixed137 words
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Article223 1986-07-26 4 WHEAT FUTURES on the Chicago Board of Trade tumbled on Thursday after announcements out of Washington dashed cold water on trade hopes that the export bonus programme would be expanded to the Soviet Union and other countries. Prices closed 4V4 to two US cents per bushel lower. Traders said223 words
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Article66 1986-07-26 4 Bangkok Broken Rice 120 117 (US$/t0MM, FOB) A-l Super A-1 Speciol Whit* Rice C-l Speciol una 100% 1st clos« 255 C-l Ord una 100% 2nd class 220 Loonzain Rice 100% 3rd class 215 100% 1st grade unq 5% 205 100% 2nd grade 215 10% 200 100% 3rd grode una66 words
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Article70 1986-07-26 4 THE PUCE OF tin sa the Ksala Lemper Tie Market reee two cents yesterday te elese et Msl4.n per kg (reel Thursday, hi fairly moderate activity. Dealers said eoatlaismally" 1 Thursday's Msl4Jtt level. Bet buyers redaeed their Mis ee the prtee Ihtil. ESSSe"* The Mgher levels ales attracted70 words
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Article189 1986-07-26 4 MALAYSIAN crude palm oil prices closed lower yesterday in line with palm oil futures and on further speculative selling and buyers' reserve, with weaker overnight Chicago soyoil futures also weighing on levels. Reports that India bought four cargoes of RBD palm olein at fairly low prices after rejecting189 words
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Article367 1986-07-26 4 ■woAPonc The market ck»ed slightly higher yesterday with August One RSS buyers quoted at 177.00 cents per kg, up one cent (ram Thursday. The morning session gained one cent on light buying interest in quiet trading. Prices hovered narrowly in dull afternoon trading due to lack of interest and367 words
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Article195 1986-07-26 4 SOYBEAN FUTURES on the Chicago Board of Trade fell late on general technical selling on Thursday, and prices closed 3V« to seven US cents a bushel lower. A national weather service six to 10-day forecast released during the session, which predicted normal precipitation in all American soybean growing areas195 words
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Article285 1986-07-26 4 R AS prices ia S CMtiA), FOC 1 NOON f Int 1 RSS Prompt Int 1 RSS Aug 86 Int 1 RSS Sapt 86 Int 2 RSS O P Int 3 RSS O P Int 4 RSS O P. Int 5 RSS O P 177.00 176 25285 words
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Article93 1986-07-26 4 (cants/kg, 1-ton p olUn) AUG S6 SIPT86 (current month) NOON \rf>rworo monrnj NOON RAS Bvyws StMart tunn S4« SSR 20 160.50 I62.50N ***** 163.00N SSR SO 157 50 159 50N 158 00 I60.00N MRELB Urmt MHW B*y«n SiMin SMR CV 240.00 242 00N 241.00 243.00N SMR L93 words
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BANKING AND FINANCE
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100 1986-07-26 5 Reuter SWEDEN would not devalue its currency again if current economic policies (ail but would adopt a harsh austerity programme. Finance Minister Kjell-Olof Feldt «aid that if Sweden failed to hold down industrial costs and inflation, it would have to pay forReuter - 100 words
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286 1986-07-26 5 FT INTERNATIONAL bank lending to developing countries fell in the first quarter of this year, with outstanding loans dropping by US$5.2 billion, according to figures released by the Bank for International Settlements. The BIS, which regularly monitors international banking flows, said on ThursdayFT - 286 words
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522 1986-07-26 5 MBT MOST BANKS in Malaysia are expected to continue to suspend interest on non-performing loans even though the Bank Negara directive requiring them to do so has been lifted. The dedsk» to suspend such interest now rests with the board of directors ofMBT - 522 words
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162 1986-07-26 5 Reuter CHANCELLOR of the Exchequer Nigel Lawson says commitments by a number of leading UK financial institutions to back the government's personal equity plan (PEP) are very encouraging. He said that he looked forward to a highly successful launch of the incentive scheme next January.Reuter - 162 words
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324 1986-07-26 5 Reuter GROWTH in West Germany, the powerhouse of European economies, has picked up and economists say the authorities will now probably ignore US pleas to help bolster world growth by cutting interest rates. The West German economy grew by a rather sluggish 1.6Reuter - 324 words
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119 1986-07-26 5 AFP BURMA IS TO introduce two new currency denominations next month. A Rangoon announcement yesterday said the new notes will be worth 15 kayat (U551,875) and 35 kayat (U554,375) and will be introduced on Aug L The news came amid mount- ing rumours ofAFP - 119 words
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298 1986-07-26 5 FT A PROMINENT East European banking official has urged that the transferable rouble, the accounting device used to clear bilateral trade payments between Comecon countries, should be made "genuinely transferable". Mr Janos Fekete, first vice-president of the Hungarian National Bank, said transferability could putFT - 298 words
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MONEY AND EXCHANGES
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Article567 1986-07-26 5 SINGAPORE The US dollar closed firmer yesterday against most major currencies on late buying and short-covering encouraged by reports that the Japanese Finance Ministry is considering easing rules on capital outflows to prevent the yen from strengthening further. The dollar rose to a late 157.35/45 yen from an567 words
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Article246 1986-07-26 5 HONGKONG: The metal closed steady in moderately active trading yesterday, mainly on booksquaring ahead of the weekend. Bullion appeared to be entering a consolidation phase following Thursday's US$B fall triggered by the stronger US dollar. It ended at U*****.90/349.20 an ounce compared with New York's U*****.60/349.10 close and the246 words
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Article, Illustration128 1986-07-26 5 THE OVERNIGHT rate on the Singapore interbank money market closed at 4-1/4 per cent yesterday, up 1/8 point from Thursday's close. The one, two and threemonth term rates remained unchanged. White Vm a««rag« of Mm prim tondhc ritw of 12 major bats in ttipporo S$ Interbank rates at128 words
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Article50 1986-07-26 5 RESULTS OF TENDER held on July 25 for 91-day bills to be issued from July 28 to Aug 1: Offered: $140,000,000 Applied lor: $480,500,000 Allotted: $140,000,000 Aeeepted bids: $99.41 approximately 78 per cent, higher bids in full. Average rate ef dSseeaat on allotment: 2.315 per cent per annum.50 words
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Article199 1986-07-26 5 Interbank rati is at 3pm yastai rday: CWWHOMS NOHMItl fdM IMllRtOMSR M M Mtar roa* parity Local CVTWICy* US dolor Storing pound Austroson dolor NZ dolor Conodkm dolor 2.1875 3 2550 ***** 1.1615 1.5771 2.1885 ***** 1 3360 1.1642 1 5790 2.8196 7.3469 3 4286 3 4286 3.4206199 words
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Article312 1986-07-26 5 Asian market ASIAN DOLLAR deposit rates closed little changed yesterday from opening levels in quiet pre-weekend tradingDealers said Thursday's slightly lower US federal funds rate and a US$l billion fall in latest US M-l money supply had little effect on the market. Most operators were now looking forward to next312 words
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Article384 1986-07-26 5 BA Futures SHORT-COVERING ahead of the weekend saw the September Enrsdsllar opening slightly higher yesterday than Chicago's close at 93.44 and gradually traded to 93.46 in early session. The contract edged higher to 93.47 once, but lack of follow-through buying saw it finally closing at 93.45. Currency futures <BA Futures - 384 words
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Page 5 Advertisements
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Advertisement382 1986-07-26 5 Republic National Bank of New York A substdiary of REPUBLIC NEW YORK CORPORATION Consolidated Statements of Condition (In Thousands) June 30, Assets Cash and demand accounts Interest beahng deposits with banks Precious metals Investment securities Trading account assets Federal funds sold and securities purchased under agreements to resell Loans, net382 words
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TIME-OFF
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Article472 1986-07-26 6 THEY HAVE BEEN billing this the "Friendly Garnet" the organisers, that is. And they've been promising that it will be a colourful spectacle bigger and better than the best of the past and weDm-tune with the competitions of years gone by. But it is difficult to472 words
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Article769 1986-07-26 6 What's on from July 26-August 1 VPPVPH MMIII f EXHIBITION: Recent Ceramics by Yoap Pah Chap. National Museum Art Galery. taw 7pm. Free. On tifl tomorrow. FILM: Kurosawa Film Feethral Raehomon. Goethe Institut, Singapore Shopping Centre. 9pm. Free tickets can be collected at the Goethe-Ins tit ut on a769 words
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Article, Illustration302 1986-07-26 6 RENAISSANCE JAZZMAN Corky McClerkin has always lived and performed outside the mainstream of Jazz music. You can tell by the company he's kept. He tickles the ivories with a heavy left hand, a pedigree inherited from blind piano great Art Tatum. The innovative and302 words
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Article, Illustration847 1986-07-26 6 MONICA GWEE - By MONICA GWEE CHAMPAGNE has a way of nuking the most mundane situation romantic, but it was more than bubbles behind the banana fronds that did it at the quiet white house on Emerald mi. Bogart himself couldn't have faulted the mood at Casablanca (No847 words
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Article255 1986-07-26 6 THERE ARE two types of cooks those who follow recipes closely and those who don't. Mdm Chef in SBC's "Whst's Cooking" series clearly belongs to the latter category. Those who watched her programme last Sunday would have seen her prepare a dish which might be appropriately255 words
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925 1986-07-26 6 MIKE THUMBA - Bridge dispelling the wrong notion By MIKE THUMBA EVERY FRIDAY, small groups of four people huddle around a table dealing cards in a hotel room. A strange language is used among them as they plot against an opponent or try to reach an agreement with a partner. Periodically, some players925 words
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Page 6 Miscellaneous
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Miscellaneous9 1986-07-26 6 Bnstow: ft&rJc z£ He«E.'S TM€ mR«L. PND owe RM?f%.&RISIcW9 words
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SPORTS
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400 1986-07-26 7 WALTON MORAIS - By WALTON MORAIS PLAYERS' RESPONSE to the US$5O,OOO Singapore Women's Open to be held on Oct 20-26 has been "amazing", says the promoter of the event. Already 48 world-ranked players from 10 different countries have entered to play in the world400 words
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172 1986-07-26 7 AP CZECHOSLOVAKIA and Argentina moved into the semi-finals of the Federation Cup in Prague on Thursday, while third-seeded West Germany's top player, Steffi Graf, was knocked out of the tennis tournament by a broken toe. Britain also lost its top player, Jo Durie, forAP - 172 words
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Article, Illustration518 1986-07-26 7 AP THE ILL-FATED Commonwealth Games, broken in half by a damaging political boycott over South Africa, finally opened in Edinburgh, Scotland, on Thursday with a dazzling display of colour and splendour but with only 27 of the original 58 teams. In a last-minute development, Bermuda'sAP; Reuter - 518 words
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402 1986-07-26 7 IF VINCENT LEE is feeling a sense of deja vu, that's not surprising. After yesterday's opening round of the Desaru Amateur Open golf championship, he finds himself in about the same position he was in last week. Yesterday, the one-handi-capper carded a one-over-par402 words
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Article, Illustration685 1986-07-26 7 BRIAN MILLER - By BRIAN MILLER AT 56, Kevin Mitchell may be ancient by jockey's standards. But I believe the younger lads know that when this veteran Melbourne hoop gets in the saddle, age isn't a handicap and that he can be as hard as the685 words
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Page 7 Advertisements
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Page 7 Miscellaneous
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Miscellaneous1147 1986-07-26 7 m mm i STARS OF YESTERYEAR Tha Pride of Km Yankee# UOpm, Channel 12 Gary Cooper stars as Lou Gehrig in this 1942 biographical drama based on the life of the "iron man" of baseball, who was also a fine and humble man. Directed by Sam Wood, the movie also1,147 words
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Miscellaneous758 1986-07-26 7 8 CRYPTIC PUZZLE ACROSS 9 Very voluoble? That's funny! (9) 10 By which to pick a chap up and treat him roughly? (9) 12 Thought to be one day and a hatf each (4) 13 Quarters in which to accommodate the copy writer (6) 14 If I have the core758 words
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INTERNATIONAL STOCKS
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225 1986-07-26 8 AP PEPSICO INC has reached agreement in principle to purchase Kentucky Fried Chicken Corp from RJR Nabisco Inc for about US$B5O million in cash. Kentucky Fried Chicken is the second largest restaurant chain in the world after McDonald's Corp with its 6,500AP - 225 words
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204 1986-07-26 8 Reuter ROVER GROUP PLC, formerly BL PLC, has agreed in principle to sell its Leyland Bus unit and a 33 per cent stake in Leyland Parts to a consortium of Leyland management and investment institutions. It will also sell 75 per cent ofReuter - 204 words
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294 1986-07-26 8 Reuter A WEAK transport sector derailed Wall Street's three-day recovery attempt on Thursday. Rail stocks led a decline after the Interstate Commerce Commission's stunning decision to reject Santa Fe Southern's plan to merge its two railroads, the Santa Fe and Southern Pacific. TheReuter - 294 words
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Article138 1986-07-26 8 JULY 34 c$ 23 inch Imp 01 O A kico fen Prow Rpa lu M 36* 16* 41* I7« Akon 40* 14* 14* Bonk Nowi Scorn 15* Labtow B Mc BkxM 12* 36 Bank Of Montr aol 30* 28* M Canada 37* 34* 27* inch 17* Broacan OA Canodtan138 words
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Article206 1986-07-26 8 JULY M Kmi Tangoat 700 10 Tnat Bk 123 -2 MDUSTMALS Un M 53 Woollm 1 ISO A Alpha Abercom 1020 245 -5 Ml MNGS A*d 1300 4-25 Amnpro* fkM§T 4550 385 -1515 1880 ♦SO C G Smith 2800 -50 BuHak 7375 -125 Charter ***** Fdoarv llflttBiMh Con* Murch206 words
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Article616 1986-07-26 8 AJcon AJumn 29* T/- AJcoo f A>*g Ml 16* AM Sig ABod 39 49% 3H Am Brandt he Am Can Co 94* 83* unch Am Cyanamid Am B*c Pwr 77* 29% ifdi Am [«»f Am Horn* Mod 61* 87* 1* •1* Am Mo»or» Cp Am Tat ToL_ M616 words
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Article789 1986-07-26 8 Amsterdam JULY M n> AHN 596 50 .2 100 X) .1 Ahold *9.30 +0.5 Afcio 156.20 -1J Atulu 152.40 -0.2 AMCV 75.30 -O S A/nro Bonk 105.90 +0.1 Am Stod 120.50 +as Ud 39 30 -07 ■muni 174 00 hahman Toftan 211.90 +03 Catm 657 00 nidi Fh«i>>789 words
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Page 8 Advertisements
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Advertisement166 1986-07-26 8 Wfrere U wtm. ani ent^rfaisi JP/ WVf/i Sundays at Cafe Vienna are much anticipated by mums! i i Jv* < •■fr t v iSi r <4 2. i* Laying down her apron, mum and the whole family can tuck into a sumptuous buffet lunch of more than 17 selections. Plus166 words
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Advertisement166 1986-07-26 8 Treasures of the sea The majestic Pine Court restaurant specialises in Beijing cuisine. The menu features 156 items, many of which are seafood delicacies. Among the most popular are braised beche-de-mer, fried scallops with bamboo shoots and deep-fried shrimps on toast with sesame seeds. But the other selections tempt and166 words
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Advertisement52 1986-07-26 8 Y//M Va <rB The Heritage Bar 11.00 am —7.00pm 1L Live Entertainment Daily From 5.00pm FURAMA SMGAPORE HOTEL 10 Eu Tong Sen Street Singapore 0105 Tel: 533 3888 «wvf ITu WS! y ft <7> MINO-Q i u r i sii ,it ii ms. pit ,is. i .ill I 1 i.v,52 words
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Advertisement112 1986-07-26 8 ~<_>-^;{.".,$.},<[@]?`}\(,-(+%; r Continuing the Prince Hotel* tradition of fnrndly wtvk* 270 Orchard Itiad.SuMart 0923 Telex: RS ***** HCROWN Cable CROWNHOTEL Fas *****14 Tel: *****1 itjllCv'M' 6am 2am Daily luck into a sumptuous spread of local faMoumnl Every SUNDAY at Ssabraaxa OFFEE HOUSE from 1130 a.m. to 230 pm. at an112 words
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ASIAN STOCKS
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Article390 1986-07-26 9 HONQKONQ: Share prices yesterday dosed higher for the fifth consecutive day on steady demand from institutional investors. The Hang Seng Index rose 7.57 to 1,843.57, bringing its gains for the week to nearly 84 points. The Hongkong Index rose 5.28 to 1,151.56. Turnover was heavy at HK5653.12 million though390 words
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Article237 1986-07-26 9 JULY 23 AI Sincara Mm NT 10* 26 70 +0.07 +01 Kuochan Dov Lm Chang Yuan Cham Ma Lian Hwo Mua 23.30 32.90 12.85 +0.2 -0.5 -0.1 ♦0.1 +03 38.40 -0.1 Chang Hn Bark 44.80 26 JO 25 20 10 50 24.50 Not hwaaaiart 385.50 +2.2 Oin Hot Camant237 words
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Article423 1986-07-26 9 TOKYO: Prices closed firmer yesterday but off their highs as continued buying met profit-taking ahead of settlement day for July on Monday. The market average rose 24.35 yen to a record close of 18,050.59, surpassing Thursday's high of 18,026.24, after hitting a trading peak of 18,131.69 in early afternoon423 words
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Article82 1986-07-26 9 JULY 25 Acow Mining NM 0 0012 incfc Oriental B Phi Ovomos PMox B ..0.014 unch 0Q.I7 +0002 ftcoo B plot II v Alto* Con. B Gold Boiic Pitrokum IwguH Con. B 0.001 ***** ao -0.0004 1 -***** unch San Magud B Soahont Sim* Darby 47 -2 0009 imh82 words
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Article357 1986-07-26 9 SYDNEY: Australian share markets closed lower yesterday as investor sentiment remained bearish in the wake of the falling dollar and Thursday's series of negative economic news, brokers said. The All Ordinaries Index closed 9.4 easier at 1,118.8 and the All Industrials was 16.9 lower at 1,783.4. The All Resources357 words
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Article93 1986-07-26 9 JULY 23 W H Kangwn kid 1169 3090 •6 -35 Owl Sugar Oaaim krtd 1920 640 1MX> •10 -s -5 Koion M Karaa Long Tann 2150 1620 1698 -30 mdi •12 Daewoo Htovy Dang Ah Phar 1590 870 1500 20 unch >30 OriMd Sr»if» r*% -i OCInC vnVnKV 146093 words
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Article149 1986-07-26 9 Reuter BANGKOK: The Securities Exchange of Thailand Index yesterday gained 1.18 to 141.28. Turnover amounted to 543,472 shares valued at 99.9 million baht. Renter JULY 25 1 Ao Kham Thai 579 10 HMI Stam Gtaors Stam Gtaant MP •uap Ayudhya kwMnnnt.. ISO Son City Camant 594 +6 Ban0iok Ayo+xiReuter - 149 words
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Article58 1986-07-26 9 Reuter THE US$3O-million car-engine plant in Indonesia planned by Honda Motor and PT Prospect Motor will produce 10,000 units in its first year of operation, in line with expected demand. The plant is designed to build 25,000 engines a year. Ready in February, it will beReuter - 58 words
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416 1986-07-26 9 Injunctions sought against deal Reuter BROKEN HILL Pty Co Ltd has taken legal action to challenge Bell Resources Ltd's right to acquire further BHP shares under its options agreement with Adelaide Steamship Co Ltd (Adstream), according to BHP managing director Brian Loton. BHPReuter - 416 words
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114 1986-07-26 9 Reuter THE HONGKONG and Kowloon Wharf and Godown Co Ltd is proposing a bonus dure issue to its shareholders at a ratio of one new share for every 10 existing ordinary shares owned, a company spokesman has said. It will also issue one free warrantReuter - 114 words
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203 1986-07-26 9 AP POLAROID CORP has reached an agreement with Fuji Photo Film Co in a patent dispute over instant film pending in Japanese courts. Under the agreement* Polaroid agreed not to proceed against Fuji for infringement of Polaroid's Japanese patent for integral instant film, upheldAP - 203 words
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Page 9 Advertisements
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Advertisement181 1986-07-26 9 li WSiere is wise, «iia« md lit Variety. With Quality. Our famous Nonya Buffet Lunch and sumptuous Buffet Dinner are great value for your money. Only 14++ per adult and $B++ per child for a delightful meal. Or select your favourite dishes from our a la carte menu. 405 Havekxk181 words
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Advertisement109 1986-07-26 9 4 Hooray for Sunday! Sunday Brunch at the Hubert us 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 subject109 words
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Advertisement155 1986-07-26 9 f ip 9 Local Food Galore Till July 31 Lunch Dinner Adult: $11.50" Child: $9.00+ SPECIAL FEATURE Friday High Tea Fashion Show $B++ Showtime 4.30pm IB ExcefSor Hotel 5 Coleman Street, Singapore 0617. Tel: *****33 T7 J A i. it t rmmi For as tow as $15 a month you155 words
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Advertisement154 1986-07-26 9 noifgeeg THE MOST WONDROUS BUFFET LUNCH IN TOWN a gourmet buffet luncheon at an ungourmet priori For italw, take your ptek of our coid dhhes prawn* on Ice. fresh oysters, smoked salmon, melon and dried ham. vegetable terrine. mixed seafood salad, cooked assorted vegetables and homemade (Nestings Select your mam154 words
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Advertisement140 1986-07-26 9 2 TOP BANDS nightly yu^J*gZ!L} t Shewßgdkom i > Tb« PtjJjPP*"!^ HOT DISCO COUNTRY SENTIMENTAL POP ROCK* and you name ill! Singapore's very own dynamic trio <*7 'Led by Larry Fenton known to music lovers as "The Blue Diamond". A really fine trio to look out for! n■■ m nappy140 words
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SHARE INFORMATION
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Article, Illustration4057 1986-07-26 10 A STRONG BURST of bargain buying during the final half hour of trading on the Singapore exchange yesterday saw most share prices shrugging off early losses. Dealers noted active short-covering interest in badly-bruised Transmarco and fresh interest among local trustee stocks. Malaysian stocks4,057 words
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Article194 1986-07-26 10 SINGAPORE Ri ln<S S?t Mi 29 IMnHUm 280 +16 fTCi inlli 404.04 408.47 W«LmT 354 +14 fTimScmtm 112M0741 18Z7tt4 7M$ 223 +11 8T08/0S m JM T.i i 104 11 fTCAM -mt 4W4 $> H 775 +10 IT 08V -*****1 -MM ICS 358 ♦8 STI <nl ■>■ 728.48194 words
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Article2762 1986-07-26 10 BID and otter prices offlrlally listed and bmkmm te ud reported to the Stock Rgkup at Stogapore yesterday with the number of Aarei traded «hwrn ta> brackets in lots at MOO units Time Settlement Contracts are quoted after the word "SETT". Big Board deals (tnkrtsof2,762 words
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COMPANY MEETINGS
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Article23 1986-07-26 10 17th AGM at Bunga Kenongi Level t, Put Pacific Hold, Jalaa Putra, Kuala Lumpur, on Wednesday, July SB, at IOJBam.23 words
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25 1986-07-26 10 10th AGM at The Ttaentrette, Ground floor, Batgunan MIDF, Jalaa Tub Razak, SMM Kuala Lumpur, on Wednesday, August f, at llJßam.25 words
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Article18 1986-07-26 10 FRASER NEAVE Limited: i BTth AGM at «15 River Valley Road, Singapore 1024, on Auguet 7, at liaa.18 words
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Article21 1986-07-26 10 30th AGM at 19th Floor, OCBC Centre, Chulia Street, Stagapore 0104, on Friday, August 15, at noon.21 words
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29 1986-07-26 10 INTERNATIONAL TRUST FINANCE Limited: 18th AGM at the Conference Room, Ong k Co Pte Ltd, 76 Shenton Way, #18-00, Ong Building, Singapore 0907, on Friday, August 15, at noon.29 words
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Article24 1986-07-26 10 EGM at Confer- ence Room No 3,lst Floor, Merlin Hotel, Jalan Sultan Ismail, ***** Kuala Lumpur, on August 22 at 18tm.24 words
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Article24 1986-07-26 10 14th AGM at Stamford Ballroom, 4th Level, The Westin Plaza, 2 Stamford Road, Singapore 0617, on Saturday, August 23, at 11am.24 words
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Article17 1986-07-26 10 AGM at Mandarin Hotel, Orchard Road, Singapore 0923, on Thursday, Sep 18, at 11am.17 words
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Article17 1986-07-26 10 AGM at 255 Alex- andra Road, Singapore 0315, on Saturday, Sep 30 at noon.17 words
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COMPANY NEWS
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Article, Illustration283 1986-07-26 11 RAMESH CHANDIRAMANI - «7 By RAMESH CHANDIRAMANI AMONG THE CPF-related chart patterns which readers of this column must have found very rewarding is the late February review of Singapore Bus Service, which was then trading around $2.60. I drew attention to "a more definite trend" shaping up in the283 words
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564 1986-07-26 11 NAJEEB JARHOM - By NAJEEB JARHOM CHUAN HUP MARINE'S aggressive corporate moves, especially in fhinn and South-east Asia, have captured the attention of a major Australian-listed company keen on expanding to these countries. Mcllwraith McEacharn Ltd (MML), linked to one of the top 25 highest capitalised564 words
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432 1986-07-26 11 SHARE PRICES drifted lower in quiet, featureless trading on the Kuala Lumpur stock market yesterday. Losses were mostly marginal. However, a handful of double-digit losses were incurred by a handful of higher priced issues. The 30-counter New Straits Times Industrial Index lost 2.19432 words
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Article1724 1986-07-26 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets In lots of IjOOO units unless otherwise specified. MDUSTRMLS Acnw (1526 1535) (1) 151 (1) 155 xd Ajmometo1,724 words
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Article347 1986-07-26 11 AMY CHEOK - By AMY CHEOK THE ANNUAL general meetings of Metro Holdings and its listed subsidiary, Transmarco Ltd, were far less exciting than their share performances on the Singapore stock market yesterday. In stark contrast to the quiet mood which prevailed at the AGMs, Metro and Transmarco shares347 words
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LATEST
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60 1986-07-26 11 For the year to end-April 1986, after-tax profit amounted to Mf554,106 or 15 cents per share compared with Mty.44 million or 23 cents previously. Bukit Katil suffered a decline in profit as a result of the unexpected drop in the price of palm oil,60 words
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Article42 1986-07-26 11 After-tax profit came to MSI .21 million (M 5770,000) or earnings per dure of 30 cents (19 cents) for the year to March 31.19». A final dividend of 32 cents less tax (14 cents) has been declared.42 words
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Article109 1986-07-26 11 HONGKONG Hongkong Index Friday 1151.56 Thursday 1146.28 Week ago 1098.84 AN Industrials Friday 1783.4 Thursday 1800.3 WMk ogo 1803.0 NEW YOftK Hong Song Index Friday 1843.57 Thursday 1836.00 Week ogo 1759.60 Dow Jone Thursday Wednesday Week ogo S 1791.62 1798 37 1781.78 TOKYO Nikkei Avorogo Friday ***** 59*109 words
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Article671 1986-07-26 11 Reuter SHARE PRICES in London opened quietly mixed yesterday, the last day of the account, following Thursday's falls. At 11.00 am. FT 30 Index was unchanged at 1.264.2 while the FTSE 100 Index was down 0.9 point at 1,546.8. On Thursday, the FT 30 Index lost 22.6 pointsReuter - 671 words
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Article90 1986-07-26 11 EDDIE Lee Shi Kai has been appointed to the board of Sealia Hahk LM to replace Peter Clokey with effect from July 22. At its animal general meeting on July 2L Mm leUfegi Bhi reeoNed that the directon be empowered to isMe ahares in the company, provided that90 words
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Article219 1986-07-26 11 MoooMfi pnccs for jjy26 4 28 Singapore Unit Trust The Commerce 0.12 088 The Sowings Fund 0.74 080 S'pore Prog Fmd 0.34 0.37 S'pore S*c F«*l 0.59 0.64 S'pore Invest Fund 0.54 0.59* S'pore Equity Find 0.41 0.45 Asia Unit Trust Mat Invest Fund Mai Prog Fund Mai219 words
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Page 11 Advertisements
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Advertisement126 1986-07-26 11 NOTICE NOTICE IS HEREBY GIVEN that, I Kasthurl Bai w/o Krishnan of Blk 438 #02-1341, Ave 10, Ang Mo Kio Singapore 2056 have applied for a Retail Beer Shop Licence in respect of premises at M/s Guna Provision Store at Blk 443 #01-1239, Ave 10 Ang Mo Kio Singapore 2056126 words
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Advertisement477 1986-07-26 11 NOTICES BOMZMfZ HHiIMUn HI HD p wuarawr uouwtnon NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Ad Cap 185 that the Final Meeting of the abovenamed company w* be field at 36 Robineon Road. *05-01 City House. Singapore 0106 on Wednesday 27 August 1966 at HjOOlri. lor477 words
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Advertisement173 1986-07-26 11 r 5* m i Road, #06-01 on OKB on WM--986 M 11.30t.in. 5 ft m rp-r-Die: 26 July 1986 Note: A member enMed to attorKf and voto at this mooing s rMW to appont another person (whether a member or noQ as lis pray to fltond and vole in hit173 words
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281 1986-07-26 12 GRADUATES were having more difficulty looking for Jobs, but surprisingly, the starting salaries were still going up, said Brigadier-General Lee Hsien Loong. In his view, some graduates were turning down less well-paid Jobs, in the hope of receiving more attractive offers281 words
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356 1986-07-26 12 Agencies JAPANESE Finance Minister KiicAi Miyazawa said yesterday that it was difficult to rely on intervention to deal with the high value of the yen. A ministry spokesman said that Mr Ifiyazawa was speaking at a press conference given by aAgencies - 356 words
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Article143 1986-07-26 12 AP JAPAN and Asean have agreed in principle to create a symposium to promote investment and technology transfers. A Japan-Asean Forum statement released in Tokyo yesterday after a two-day meeting said that the Japanese side, headed by director-general Kimlo Fupta of the Foreign Ministry's Asian affairsAP - 143 words
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502 1986-07-26 12 SOH TIANG KENG - By SOH TIANG KENG THE OVERSEA-Chinese Banking Corporation will cut its prime lending rate by one quarter point to 6.25 per cent from today, bringing it on par with the lowest levels seen in the past 24 years. The 6.25 per cent benchmark502 words
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Article, Illustration533 1986-07-26 12 BRIAN GOMEZ - By BRIAN GOMEZ MALAYSIAN Prime Minister Datuk Dr Mahathir Mohamad yesterday appealed to voters to give his ruling coalition a twothirds majority, arguing this was vital for Malaysia's political and economic stability. Flanked by Barisan National (BN) leaders at the United Malays National Organisation533 words
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Article546 1986-07-26 12 Stock Moo* on _L>V Ml ES3 7S1 May 2(B) July 18 (B) July2S(S) h-.-'.'-M INDUSTRIALS Ac— 0.86 Vi 1.35 1.31 -0.04 +51.4 Aln Holdiwjf 1.25 1.30 1.25 -0.05 unch SAT 1.45 1.89 1.84 -0.05 +26.9 Crete 4 Comogo 0.99 1.55 1.43 -0.12 +44.4 C K Tons546 words
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316 1986-07-26 12 THERE WERE several Interesting corporate developments during the week to keep investors of trustee stocks busy. However, these developments were mostly bearish but trustee stocks like the rest of the market were not subjected to any severe beating. Even before the week kicked off, BT316 words
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209 1986-07-26 12 THE "MOOD AND TEMPER" of Malaysians favour political change. According to the leader of the Malaysian Association (MCA), Mr Tan Koon Swan, this was due to adverse economic conditions, a high rate of unemployment and "lots of things" that are not satisfactory. Mr Tan209 words
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Article, Illustration511 1986-07-26 12 ALVIN TAY - By ALVIN TAY HONG FOK Corporation, whose subsidiary defaulted on its Concourse project loan earlier this month, has been asked by the syndicate of banks to assign some of the group's surplus proceeds from its Henderson industrial project and those in Hongkong to511 words
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162 1986-07-26 12 AFP SOUTH KOREA'S overseas construction Industry has suffered its worst-ever downturn this year, with new orders virtually halved compared with the first half of last year. The Construction Ministry said yesterday that as of last week, new orders this year totalled US$l.2l billion, onlyAFP - 162 words
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Article36 1986-07-26 12 MR HSUAN Owyang has ben re-appointed chairman of the Housing and Development Board for a further period of three years. The reappointment, commencing Aug C was announced in yesterday's issue of the government gazette.36 words
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Article93 1986-07-26 12 Reuter COMEX GOLD futures rose slightly on moderate buying by US and foreign traders yesterday morning. The August delivery went up US$l.lO at U*****.40 an ounce. Analysts said the drop of 157,543 ounces in Comex gold stocks, following a number of similarly large drawdowns in theReuter - 93 words
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Article68 1986-07-26 12 Reuter WALL STREET stocks bounced higher in early trading yesterday, erasing most of Thursday's loss, though the 1,800 level of the Dow Industrials continued to be a stopping point. The Dow Jones Industrial Average was up six points to 1798, after hitting resistance at the high ofReuter - 68 words
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LATE FILE
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48 1986-07-26 12 Reuter INDONESIAN Eaergy MH» ter Sufaroto does not believe that Opec will fall apart but admits that there are serious difficulties in reaching an agreement on production quotas. He said this in Jakarta yesterday before leaving for Monday's Opec meeting in Geneva.Reuter - 48 words
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Article75 1986-07-26 12 AP CONSUMER prices in Tokyo fell in July for the first year-to-year drop in almost 27 years, reflecting decreased oil prices and the appreciation of the yen against the US dollar. Prices in July 1986 were OJ2 per cent lower than in July 1985 and 0AP - 75 words
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51 1986-07-26 12 AFP INDONESIA yesterday lowered industrial electricity rates by an average of 6 per cent in a bid to stimulate the economy and lower production costs of non-oil exports. Announcing the cuts, Direc-Tor-general of Electricity and New Energy Arismunandar said, however, that household rates would remain unchanged.AFP - 51 words
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53 1986-07-26 12 Bernama THE PHILIPPINE Commission on Elections, or Comelec, will hold simultaneous local and national elections by March or April next year. Newly-appointed chairman Ramon Felipe also said in Manila yesterday that Comelec was likely to hold a plebiscite this December on the constitutional commission's draft ofBernama - 53 words
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46 1986-07-26 12 Reuter PRESIDENT REAGAN has hinted that he may be willing to consider limited measures against South Africa. "We never (dose any doors," he said in response to questions about the possibility that he could act later this year against Pretoria.Reuter - 46 words
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Page 12 Miscellaneous