The Business Times, 2 August 1986
1986-08-02
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The Business Times
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Title Section12 1986-08-02 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, AUGUST t, ltM 75 CENTS12 words
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142 1986-08-02 1 Agencies SOUTH KOREA has no plans to revalue drastically the value of the won against the US dollar. "We think that the current exchange rate of the won against the US dollar remains at a proper level," said Mr Shim Hyung-Sup, director-generalAgencies - 142 words
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477 1986-08-02 1 SOH TIANG KENG - General business conditions still weak, according to MAS By SOH TIANG KENG, Financial Correspondent BANK LOANS to the manufacturing sector have rebounded after languishing in the doldrums for some time. The latest monthly bulletin of the Monetary Authority of Singapore said477 words
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481 1986-08-02 1 CHUANG PECK MING - laa \mmumu By CHUANG PECK MING A BILL TO RESTRICT the sale or distribution of foreign publications found meddling consistently In Singapore's domestic politics was passed in Parliament yesterday. In summing up the debate on the Newspaper and Printing Presses481 words
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272 1986-08-02 1 THE PEOPLE'S Action Party will investigate the action by government backbencher, Dr Toh Chin Chye, who abstained from voting on the Housing and Development (Amendment) Bill on Thursday. Dr Toh's action goes against a party ruling which requires that all members vote in272 words
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174 1986-08-02 1 AFP HONGKONG'S stock market hit a Dew high yesterday amidst rampant buying, which pushed the Hang Seng Index above the hitherto untouched level of 1,870 points to 1,874.11, up 18.65 points. Yesterday's finish compared handsomely with Hang Seng's previous best score of 1,865.65AFP - 174 words
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Article, Illustration85 1986-08-02 1 SHARE PBKB elsaed sHghtty higher la ttta, frtet tradtag at the stock exehaage y osier lay. Mivemeiti were eaaflaed to wtthta aarraw margin as traders were generally aawllHag to trade aa they sqaared Mr heefcs ahead ef the weekead. The Bastoeas Times fsmpee Ito ladex laehed «.It palate85 words
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Article416 1986-08-02 1 SHAHRIR ARIFF - Malaysian By SHAHRIR ARIFF EVEN THE Friday "khutbah", or sermon, talked about the general elections. The "imam" told the congregation at the state mosque near resort hotel Pantai Primula to vote for the right candidates. "Bear in mind the government which has provided Trengganu good roads,416 words
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Article, Illustration506 1986-08-02 1 HOMER CHEN - By HOMER CHEN THREE SINGAPORE stockbrokers have signed an agreement with Malaysian politician Mr Tan Koon Swan regarding outstanding forward share contracts in Supreme Corp and Grand United Holdings. But it is still unclear if Mr Tan's seven private backers have506 words
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Page 1 Advertisements
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Advertisement161 1986-08-02 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM VHizino Spacewand Featuring arcflow shafts scientifically-designed with different flex points on each club. Available in both graphite and steel. Each club head is endowed with its own progressive centre of gravity for a more balanced swing. The MIZUNO Spacewand. Mastercrafted for total golf enjoyment.161 words
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Advertisement225 1986-08-02 1 Mora reports, P*fl® 2 mm SHARE INFORMATION MONEY ft EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE TV ft RADIO OUR VIEW IN PARLIAMENT on Tuesday, the proposal to set up a casino was dismissed. But the casino idea deserves fuller study. Perhaps, the time is now right for a feasibility study to225 words
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Advertisement7 1986-08-02 1 *[.}<^~=}.<}_%>&[]^~/\?>|?/!=/{ Anxtety in KL and Pwiang, Back Pag«7 words
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Advertisement18 1986-08-02 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM BT's Bridge column Page 6 PUT ON A CROCODILE WEAR A LEGEND18 words
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HOME NEWS
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Article, Illustration515 1986-08-02 2 BOEY KIT YIN - Training identified as answer to labour problems By BOEY KIT YIN HOTELS poach workers by offering higher wages came in (or some harsh criticism yesterday from the head of the world's tallest hotel and the industry's biggest employer. Mr David Paulon, managing director515 words
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Article, Illustration380 1986-08-02 2 THE WIND blew too strongly at just the wrong time. Lion dancers started shaking too soon. The coach ferrying the guests to the press conference arrived half an hour late. But White Industries was early. The Australian civil engineering and construction company completed the last380 words
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Article434 1986-08-02 2 THE IMPORTANCE of Total Defence was summed up in six words by Dr Yeo Ning Hong, Second Defence Minister, yesterday: Take defence seriously, be prepared always. Dr Yeo was speaking also as MP and adviser to the Kim Seng community centre when be launched a434 words
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467 1986-08-02 2 LEE HAN SHIH - By LEE HAN SHIH, Piopii ij| Corr—pondnt NEARLY 19,000 SQUATTERS were evicted by the Housing and Development Board last year, costing the HDB $207 million in compensation. These people were mostly relocated to new towns in Tampines, Hougang, Yishun and Bukit Batok, according467 words
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Article1039 1986-08-02 2 AT CONVENTIONAL WHARVES KEPPEL WHARVES Bert! n Arrtvw i B Prasetya K32 olongside 02.8/0600 Boogabda K9 olongside 02.8/1700 Kota Pekmgi K31 alongside 02.8/0600 i/ 1 f\*\ O 1 1AA bea master 1 K16 olongside 02.8/1700 Ah Strength K18 02.8/0700 03.8/2345 Auby K24 02.8/1300 03.8/1300 Builder 3 K231,039 words
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YESTERDAY IN PARLIAMENT
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198 1986-08-02 2 MR JB JEYARETNAM was yesterday accused of hiding facts from Parliament the day after he was challenged on his claim that a man named Lim Poh Huat had been wrongfully arrested by the police. He was also alleged to have misled the House by giving198 words
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399 1986-08-02 2 PARLIAMENT yesterday threw out Mr J B Jeyaretnam's motion of regret over the terms of reference used for the Commission of Inquiry into alleged executive interference in the Judiciary. Mr Jeyaretnam, the Member of Parliament for Anson, spoke on the399 words
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389 1986-08-02 2 OPPOSITION MP Chiam See Tong yesterday criticised the Housing and Development Board for refusing to lift restrictions on the sale and resale of HUDC flats. The restrictions were no longer relevant now that the property market was depressed, he told Parliament. He389 words
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ASIA-PACIFIC
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467 1986-08-02 3 Bernama MALAYSIA'S trade surplus for the first five months this year widened to MJ3.81 billion from M 82.66 billion for the same period last year, the Statistics Department has reported. This surplus is, however, insufficient to meet the overall balance of payments current account deficitBernama - 467 words
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Article281 1986-08-02 3 Opec's call won't work Japan Reuter OIL OFFICIALS in Japan, the world's largest importer of Opec crude, yesterday described as ineffective a call by the Organisation of Petroleum Exporting Countries for voluntary production cuts to boost prices. The fourth day of the Opec meeting tn Geneva produced an agreement byReuter - 281 words
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Article857 1986-08-02 3 ARRIVALS Operator Straw Local Hum From SIA UA CAL OA SIA MAS MK OA GIA "SQM7 UA805 Q333 GA7215 SQ41 MH601 MX 7 46 GA7216 GA7115 0005 0010 0315 0535 0615 0705 0755 0605 0605 KUL JFK/SFO/HKG TPE HLP MAA KUL MRU SUB HLP MAS KAL CV857 words
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268 1986-08-02 3 UPI SOUTH KOREAN Finance Minister Chung In-Yong said yesterday that his country had no plan to allow foreign companies to produce cigarettes locally in a joint-venture deal. "For now, we have no plan to allow foreign joint ventures (for cigaretteUPI - 268 words
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Article, Illustration342 1986-08-02 3 UPI THE HIGH-TECHNOLOGY Industry and the US administration have won what they consider a hard-fought victory over Japan in an agreement that could mean more than US$2 billion in increased sales of US computer chips. Thursday's agreement to prevent Japanese "dumping"UPI - 342 words
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231 1986-08-02 3 AFP CHINA YESTERDAY marked the 59th anniversary of the founding of the People's Liberation Army (PLA) amid efforts to modernise its forces, diminish its political clout and rethink its strategy. The China Daily quoted Defence Minister Zhang Aiping as saying that theAFP - 231 words
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470 1986-08-02 3 FT NEW ZEALAND Finance Minister Roger Douglas has, as expected, devoted most of his budget presentation to a justification of the Labour government's economic policies along with detailed claims showing they are working. He pointed to the reduction in inflation from 17 to 10FT - 470 words
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Article, Illustration273 1986-08-02 3 AP THE US could not expect Australia's support on major strategic goals if it subsidised wheat sales to the Soviet Union and China, Australian Agriculture Minister John Kerin said on Thursday. Mr Kerin, who arrived leading bipartisan group on a sixday visit, noted that USAP - 273 words
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Page 3 Advertisements
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Advertisement355 1986-08-02 3 8 THE NSURANCE CORPORATION OF SINGAPORE LTD (Incorporated in the Republic of Singapore) (A Subsidiary of DBS Bank) I) UNAUDITED RESULTS FOR THE YEAR ENDED 30.6.86 Group 1 (a) Gross Premium Income (b) Total Investment Income 2 (a) Net profit after interest on borrowings and depreciation (b) Less taxation (c)355 words
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Page 3 Miscellaneous
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Miscellaneous37 1986-08-02 3 Doonesbury 7 WW A PARTY* AFWNPOFMNB UHV NOT* IN SOHO.fTSHOULD MKHAV- BCAMNXMBtA mm &&fT. CABLSTV I CWBMGe, rr >? 41 A l 2 4 i£ i BY GARRY TRUDEAU r. 'A I '///'a ZONKBR?.. 20*29*? U r A37 words
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REST OF THE WORLD
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Article, Illustration525 1986-08-02 4 FT THE FRENCH government has agreed to ease restrictions on foreign ownership of newly privatised French industrial and financial groups, increasing the ceiling on foreign shareholdings from 15 to 20 per cent. Mr Edouard Balladur, the Economy Minister, accepted a series of major amendmentsFT - 525 words
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162 1986-08-02 4 Reuter EUROPEAN COMMISSION sources said the French government's decision to raise the limit on foreign stakes in privatised companies to 20 per cent from 15 per cent did not go far enough to satisfy the commission. The commission said aspects of its original plansReuter - 162 words
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254 1986-08-02 4 AP A DRIVE-THROUGH funeral home caters to the bereaved-but-busy in Detroit by allowing them to pay their last respects without getting out of their cars. They drive up, sign a condolence card, pull ahead to the viewing window for a moment of silenceAP - 254 words
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305 1986-08-02 4 AP OFFICIALS from 91 countries ended negotiations on Thursday in Geneva on possible topics for new global trade talks without agreeing on any recommendations. After months of bargaining, three different factions in the group produced their recommendations about how to approach theAP - 305 words
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330 1986-08-02 4 UPI PRESIDENT REAGAN has warned members of the House of Representatives worried about re-election that overriding his veto of a bill curtailing textile imports would shatter hardwon trade agreements. "It must not become law," Mr Reagan told a bipartisan breakfast meeting of 35UPI - 330 words
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136 1986-08-02 4 UPI US INDUSTRIES had a 0 .3 per cent June drop in new orders, Washington said on Thursday, showing import-battered manufacturers who absorbed a 0.5 per cent May setback have not turned the corner on bad times. The Commerce Department report came onUPI - 136 words
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Article122 1986-08-02 4 Reuter THE AMERICAN economy weakened further in July as in*~ dfcated in a sharp fall to 4SX per cent from #.6 per cent in' the purchasing manager's com* posite hißi the National Association of Purchasing Managers has said. The report was to be released on MondayReuter - 122 words
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232 1986-08-02 4 AP A FORMER US trade official may have violated conflict-of-in-terest laws by negotiating (or a Job in the textile industry before he left the government, congressional investigators have said. Former textile negotiator Walter C Lenahan advised the government on how to deal with a textileAP - 232 words
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RAW MATERIALS
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Article778 1986-08-02 4 COFFEE ROBUSTA coffee futures on Thursday tumbled in afternoon trading, closing with net losses on the day of around £120 a tonne in active trading featuring heavy liquidation. Dealers said recent weakness in the New York market eventually overcame resistance here and prices slumped in afternoon dealings when778 words
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Article219 1986-08-02 4 Reuter WHEAT FUTURES on Thursday closed 3-1/4 to 2-1/4 US cents a bushel lower. Nearby September ended near the top of a three rent range. Waning support for the proposed expanded export enhancement programme weighed on values, traders said. Analysts still said some type of programme would emerge fromReuter - 219 words
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Article233 1986-08-02 4 Reuter SOYBEAN FUTURES on Thursday closed 6-1/2 to 12 US cents a bushel lower in active trading on the Chicago Board of Trade. November ended just above the US$5 level, near the bottom of a 10-1/2 cent range. Prices dropped from the start on reports of showers in theReuter - 233 words
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Article226 1986-08-02 4 MNGAPORE THE MARKET yesterday closed slightly higher with September One RSS buyers quoted at 172.75 cents per kilo, up 0.50 cent from Thursday. The TSR 20 market was very quiet throughout the day but prices rose slightly on small buying interest. TSR 20 September closed at 152.00 cents per226 words
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Article146 1986-08-02 4 CMimm Produce Exchange Setters' noon dosing prices on Aug 1 (SS/100 kg) Coconut oil Bulk FOB 43.00 Otd drum FOB 56.00 N«w drum FOB oO 00 Copro Mixed (loose) 21 buyers Pepper Muntok White FOBNLW 1182 50 Sarowak White FOB foq NLW 1167.50 Sorawok special block FOB NLW146 words
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Article189 1986-08-02 4 MALAYSIAN crude palm oil prices yesterday closed slightly lower on light selling and buyer reserve, dampened by a weaker overnight Chicago soyoil futures close and India's purchase of RBD palm olein at fairly low prices on Thursday, dealers said. Aug deliveries in the south and central regions fell189 words
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Article75 1986-08-02 4 Reuter THE KUALA LUMPUB Tla Market, KLTM, price yesterday reeevered ilie eeati te Ml\Ua per idle at the lag la qalet tradiag, The market epeaed aft Tkareday'a level wkiek attracted early Mddleg far 14S taaaea. SeUert wen leaned kaft perMeat lapsaea» aad lalevels klgker. Earepeaa kaylag re■aked akeeatReuter - 75 words
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Article287 1986-08-02 4 RAS prices in S CMti/Vo. FOi m 1 wtM NOON CLOSE irrt 1 RSS Prompt 172.00 I73.00N 173.00 174.00N Int 1 RSS Sept 86 171.75 172.25 172.75 173.25 Irrt 1 RSS Oct 86 172.25 172.75 173.00 173.50 Irrt 2 RSS O P. 168.50 170.50N 169.50 I71.50N Irrt287 words
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Article95 1986-08-02 4 (cwta/kg, 1-ton RAS scrr 86 (currant month) NOON m g-M OCT 86 (forward month) NOON Bwv*n c-M—. SSR 20 SSR 50 159.50 156 50 161 50N 158.50N 160.00 157.00 I62.00N I59.00N MRELB StfWn Imiw S#M#n SMR CV SMR L SMR 5 SMR GP SMR 10 SMR 2095 words
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Article65 1986-08-02 4 (usvtMM. rot) Whit* Rica 100% 1st class 260 100% 2nd doss 225 100% 3rd doss 220 5% 210 10% 205 15% 200 20% 190 25% 180 35% 175 Broken Rice A-l Super 125 A-1 Special 122 C-l Special unq C-1 Ord unq Loonzain Rice 100% 1st grade £3 100%65 words
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BANKING AND FINANCE
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383 1986-08-02 5 Reuter THE PERUVIAN government will propose a new rescheduling programme on its US$4 billiondebt to private foreign banks that would baa virtually all remittances, including interest, for up to three years. Deputy Economy Minister Gustavo Sabrebein, president of Peru's foreign debt committee, saidReuter - 383 words
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130 1986-08-02 5 AFP ADVANCED countries should cut interest rates in concert to help stimulate the world economy, Japan's official Economic Planning Agency (EPA) has said in a report. The US dollar's depreciation and the drop in crude oil prices would have a major favourable effect onAFP - 130 words
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461 1986-08-02 5 Reuter THE BURDEN of huge concessional lending programmes is likely to keep profits of India's 28 government banks under pressure for the next few years, but continued growth for foreign banks seems assured. Bankers said Indian banks have been unable to recover loans worth billionsReuter - 461 words
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291 1986-08-02 5 BRUNEIANS now largely control and run The Mud Development Bank (lE®) of Brunei following changes in the bank's ownership and management. Of the nine members on the board, seven are Bruneians. The other two are representatives of Japanese Dai-lchi Kangyo Bank, a minority291 words
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Article283 1986-08-02 5 Reuter BUNDESBANK vice-presi-dent Helmut Schlesinger has rebutted foreign criticism of the bank for not cutting interest rates and said real interest rates were lower than believed abroad frtrsusf of domestic Inflation. West Germany's economy is not deflating and real animal growth is running at aboutReuter - 283 words
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60 1986-08-02 5 AFP THE Ml money supply, the of the cost of credit in the United States» rose by ÜBM.4 billion in the week ended July a. the Federal Reserve Banks announced on Thursday. This brought the Ml total to USK7T.7 billion, compared with USfCTSAFP - 60 words
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MONEY AND EXCHANGES
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Article, Illustration804 1986-08-02 5 Reuter SINGAPORE THE US dollar yesterday closed higher against most major currencies after fluctuating within a narrow range in thin trading ahead of the weekend. Dealers said the dollar firmed initially on some shortcovering following reports that Secretary of State George Schultz's office said he had no intentionReuter - 804 words
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Article50 1986-08-02 5 RESULTS OF TENDER held on Aug 1 for 91-day bills to be issued from Aug 4 to Aug 8: Offered: $120,000,000 Applied far: $363,310,000 Allotted: $120,000,000 Accepted bids: $99.43 approximately 84 per cent, higher bids in full. Average rate af dtoeeaat sa alletmeat: 2.285 per cent per annum.50 words
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Article136 1986-08-02 5 THE OVERNIGHT rate on the Singapore interbank money market closed at 4-3/8 per cent yesterday, down 1/4 point from Thursday's close. The term rates remained unchanged across the board. SILVER QUOTES US$/troy 04ii Fri Thurs •WOAFOUe 5.048/5.1 OS 5.00B/5.05 Thurs Wed MEW YORK 5.09B/5.14S 4.97B/5.02 ZURICH 5.066/5. US136 words
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Article347 1986-08-02 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet pre-weekend trading. Dealers said news that the latest US M-l money supply showed a rise of US$4.4 billion and June factory orders eased 0.3 per cent had little effect on the market. Short-dates were steady to347 words
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Article202 1986-08-02 5 Interbank rat< is ot 3pm yesterday: 1 CWMMMC HOMMM fdM (AlltlltOMM) 1 M OMor •oeeperi* OkMfO Local dollars to currency: US dolor Staring pound Autfrafion dolor NZ dolor Canodkm dolor 2.1750 3 2440 1.3071 1.1288 ***** 2.1760 3.2476 1.3099 1.1326 1.5779 ***** 7 3469 ***** ***** ***** -22.86202 words
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Article263 1986-08-02 5 HONGKONG: GOLD yesterday closed lower on local profit-taking in active trading following the rally in New York on Thursday. Dealers said while sentiment on gold was cautiously optimistic local traders tended to be more conservative and reaped profit while they could. It ended at U*****.60/361.10 an ounce compared with263 words
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Article415 1986-08-02 5 BA Futures EURODOLLAR futures yesterday gapped higher than the previous close during Simex opening and traded marginally higher on weaker factory goods orders and the postponement of US leading indicators prompted speculation of a weak figure. The September contract firmed to 93.62 in the early part of the sessionBA Futures - 415 words
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Page 5 Advertisements
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Advertisement402 1986-08-02 5 sums ©OG^tSQJS MALAYAN CEMENT BERHAD (Incorporated in Malaysia) ANNOUNCEMENT The Directors announce the unaudited results of the Group and of the Company for the first half* year ended 31st May 1966 as follows:— Turnover Operating profit Share of profits of associated companies Profit before taxation Estimated taxation Profit after taxation402 words
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TIME-OFF
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Article473 1986-08-02 6 HUMAN NATURE is a wonderful thing. It begets persistence, and an irrepressible resourcefulness which means that if people want wffiptMng badly enough, they will find a way to get it. T-tk* gambling. The Chinese love it. And the instinct that makes one succumb to games473 words
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Article1221 1986-08-02 6 What's on from Aug 2-8 Wr CONCERT: People'* Aeeocietion Youth Chlnaee Orcheetra. Singapore Conference Hal. 9pm. Tickets at $2 available at the central booking office and the culture section of the People's Association. Eneemble at Choirs. Victoria Concert Hal. 9pm. Performance by Star and Tamayura Choir from Japan and1,221 words
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Article, Illustration138 1986-08-02 6 MENTION the nam* Ron Goodwin, Mid what comes to mind is light sntsrtainment with a mixture off film and middle-of-tho-road music porformsd by symphony orchestras. Goodwin must undoubtedly bo considofod aa ono of the sntoftahunont industry's most versatile and complete musical talents. His music,138 words
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Article, Illustration890 1986-08-02 6 GOH YEE LING - With the arrival of the recession, entertainment lounges are finding that the good times are slowly slipping away. However, GOH YEE LING reports that several of these night spots have managed to hold their own. GOH YEE LING "WHEN SINGAPOREANS lose, they drink; when they890 words
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Article857 1986-08-02 6 MIKE THUMBA - Bridge By MIKE THUMBA ONE of the major events of the year which attracted a large number of local players was the Epson World Bridge Championships held on June 15 at the Kent Ridge Guild House. The event attracted 80 participants with varied backgrounds college857 words
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Article266 1986-08-02 6 THE FIRST Deputy Prime Minister bad something important to say about the Central Provident Fund, but the people who invited him did not provide him the opportunity. The occasion was a productivity seminar organised by the Singapore Professional Centre and Mr Gob Chok Tong, as guest266 words
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Page 6 Miscellaneous
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SPORTS
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Article, Illustration281 1986-08-02 7 UPI LAST YEAR'S British Open champion, Sandy Lyle, found himself in the middle of a bitter political row which threatened to black out television coverage of Thursday's first round action in the U*****,000 Scandinavian Open at Ullna Golf Club near Stockholm. SwedishUPI - 281 words
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194 1986-08-02 7 Reuter AMERICANS Bob Gilder, Loren Roberts and Gary Hallberg all shot four-under-par 68 on Thursday to share the first-round lead of the US$5OO,OOO Western Open men's tournament in Illinois. Six Americans were one shot back at 60 1980 Western Open winner Scott Simpson, HaleReuter - 194 words
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Article, Illustration661 1986-08-02 7 UPI THE REST of the world should be warned, the Commonwealth swimmers are coming and they mean to make an impact on the World Championships in Madrid. Canadian team chief Deryk Snelling thinks the Americans, Soviets and East Germans should take a closeUPI - 661 words
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Article132 1986-08-02 7 Reuter THE COMMONWEALTH gymnastics championships scheduled for Scotland next month have also been hit by the boycott which has hit the Commonwealth Games. Scottish gymnastics administrator Pam Scott said Zimbabwe had pulled out of the 16-nation event and India might not send a team to the three-dayReuter - 132 words
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Article, Illustration682 1986-08-02 7 BRIAN MILLER - Jockey likely to hit high note in Melody Stakes By BRIAN MILLER IN HIS DAY and we don't have to look too far back either Ernie Johnson was widely regarded as being one o( the finest Jockeys in the UK. He rode for682 words
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332 1986-08-02 7 Reuter DECATHLETE Daley Thompson was due to return to the Commonwealth Games arena yesterday in the pole vault, promising more of his brand of excitement both on and off the runway. The pole vault is one of 42 titles on offerReuter - 332 words
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Page 7 Miscellaneous
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Miscellaneous1167 1986-08-02 7 to (md mm STARS OF YESTERYEAR Dead End 10pm, Channel IS Humphrey Bogart deft) takes the spotlight this week in a tale about a wealthy wanted criminal who goes back to his childhood home to see his mother, and finds his life threatened. Much of the film deals with how1,167 words
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Miscellaneous774 1986-08-02 7 CRYPTIC PUZZLE ACROSS 9 How the final score came, therefore (2, 1, 6) 10 Dance out soon after, with gifts for the children (8) 12 Pour from the buikfcng (4) 13 Rush off to get a second copy (6) 14 In a river or a stream (7) 15 The expenses774 words
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INTERNATIONAL STOCKS
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214 1986-08-02 8 AP THE US Transportation Department on Thursday approved Northwest Airlines' takeover of Republic Airlines, a merger which would create the thirdlargest airline in the United States. The department said it concluded that while the two carriers share many routes, other airlines would prevent them fromAP - 214 words
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222 1986-08-02 8 AP A JUDGE issued a preliminary IrjM""*"" on Thursday blocking Coca-Cola's plained US$47O-million takeover of Dr Pepper, said a US guvnuuent spokeswoman. The infraction Issued by US dktrict Judge Gerhard A- GeeeD came at the requaet of the Fedsral Trade CbmmiHloß, which laAP - 222 words
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305 1986-08-02 8 Reuter STOCKS EDGED lower in vary light trading on Thunday, with a mid-week rally vanishing due to a lack of interest. On Wednesday, stocks bounced off threemonth lows. The Dow Jones Industrial average declined 4.08 to 1,775.31. It drifted through a 10-point rangeReuter - 305 words
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Article151 1986-08-02 8 JULY SI j li^ii HNH a 22H tap (MO A hco tm Prov Pip* |u M 37* 15* 39 17* imh AJcan Bank Nova ScaMa Bank Of Montreal M Canada Bp Hwotftw 40* 14 15* 30 37* 29* 24* Midi uncti Kan AMun LoMo» B Me StoM Mohan A151 words
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Article253 1986-08-02 8 JULY II IM4 Tonooot 7208 Trutt 8k I» 15 MDUSTMALS Un Stoat WooNru 50 1150 -1 unch A Afcha Atocom AM 1060 240 1360 390 4800 20 unch nidi GS yy 50 Amoprop AMVC T AJ ♦25 i n 11 Z ***** 1840 15 WyVOOf 2000 75 C 6253 words
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Article618 1986-08-02 8 JW.T If US$ Mean AJlvtwi 29 Mm 33* Atog M 14* ABad Sif 41* AM Storm 4S* AfeOiafcrart 3* Am Brandi he 93* Am Can Co «0* Am Cyanarrad 77% Am Bk Fw 29 Vk Am Lupr—« AO •H unch •I* unch 1* Am Motors Cp 3*4 Am,618 words
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Article698 1986-08-02 8 JULY SI AM* Ri 60S 00 +7 Atgow Akzo i i 100 30 0.3 9170 +Z2 157 90 -0.1 awev ,!ZZZZ Amro Bank AM SM Bark* Bonwn* Buatvman Tattar© Cat** 151 90 in* 7500 -fOJ 108 30 -t-2.1 ***** +1 38.50 +0.5 107.00 -2 to_ 210.90 4-2 668.00698 words
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Article55 1986-08-02 8 Reuter ROTHMANS International PLC said action taken over the Inst two years has pot the company oa firmer Cad lor moving forward, a number ef difficulties Rothmans, which last moth ispoiled a drop la pre-tax profit to OU million for from 02LS million in the previousReuter - 55 words
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Page 8 Advertisements
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Advertisement124 1986-08-02 8 4 Wtere-to wiae, iiae aai eaMii S3* /r:P Baron s Table Sunday Brunch you'll love H! Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only 825.50 per adult and $15.00 per child (under124 words
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Advertisement73 1986-08-02 8 I V y\i u jh, i %k V S' ;> t rt*r lUm "•■>' m- < f p SF§ 1 v'J All the Bell's Whisky you call for... ...during lunch cx dinner is on the house! And that goes for any beer or soft drink between July Ist and September73 words
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Advertisement33 1986-08-02 8 m m V 7 r tinges from Engliah to Mandarin to Japanese to Cantonese to Hokkfcn MM Come and be 1. Ui cnarmea ltv uiac > ffm&m #I*l® I *3 s 1 r 9£33 words
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Advertisement32 1986-08-02 8 K3 C3GICJO Prict: $13.50 (AMI) V $10.50 (CfcM) Ist- IStfl AUGUST 1986 SMGAfOKHOTa 10 Eu Tong sen Street Singapore 0105 Tel: 533 3888 1 MINO-Q hi i-cst'iv<itions. pk*as«' < Tel: i < l.'HhS Kings32 words
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Advertisement115 1986-08-02 8 *'}>>,$%\:+^=%";[*=>@+%%$,}%!'} Commune the Prince Hotels tradition of friendly mnrvct 270 Orchard Roa&SifiMtore 0923 Telex: RS ***** HCROWN Cable: CSOWNHOTEL Fa* *****18 Tel: *****11 6am 2am Darfy luck ink) sumptuous spesso or w* tsvouftssl Evsry SUNDAY at SMbrsses COFFEE HOUBE from 1130 a.m. to 2-30 pim. si m unbslswsbls $12.50 psr115 words
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ASIAN STOCKS
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Article350 1986-08-02 9 HONQKONG: Strong demand from overseas institutions buoyed share prices and sent the Hang Seng Index to a record close yesterday. The index climbed 18.65 to 1,874.11, surpassing its previous high of 1,865.65 reached in May. The index surpassed the previous high early in the morning session and then surged350 words
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Article223 1986-08-02 9 AUG 01 NT 1 98 -0.1 Kuoehan Daw Laa Chang Yuan 20.50 31.00 -0.8 -1.6 22.60 -0.6 11.40 -0 55 30.00 -0.5 35.20 -16 Chang Hwa Bank Chang Loong Ova Hw) Camant Om KWn Raw O*na Cham 43.90 23 40 -0.4 -1 2 Nat mm* 366.10 -12 22.50 9*0223 words
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Article388 1986-08-02 9 TOKYO: Widespread profit-taking sent the stockmarket into a nosedive for the second straight session yesterday. The 225-stock market average plunged 187.78 yen to 17,321.93, after Thursday's drop of 289.34. Turnover was 730 million against 1.4 billion on Thursday. The broad-based Tokyo Stock Index fell 17.63 to 1,411.29. The second388 words
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Article67 1986-08-02 9 AUG 01 Pans Onantal B 0.014 ♦0001 Aco-Mjinfl Phi OvarMat Ph4*x 0.017 024 +0.003 +0.005 0.013 -t-0.001 Alia* Con™ "8 |Mi» GoW Basic Petroleum 13 -2 0.0012 inch 0 0044 -0 0004 60 +1,1 PU3? San MMguri Saohont 145 66 50 0 008 13 -t-2 1 -0.0005 firet PW67 words
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Article427 1986-08-02 9 SYDNEY: Australian share mar- kets yesterday closed marginally firmer in brisk trading with demand for gold stocks offsetting a weaker industrials sector, brokers said. At the close of trading, the All Ordinaries Index was 1.4 higher at 1,124.9 and the All Resources Index climbed 4.0 to 623.6. The All427 words
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Article106 1986-08-02 9 AUG 01 Wx Kanywon Ind Kjo Motor 1170 2115 -55 ■95 CM iufm I960 .3 K oton M 2331 •100 Dortm Ind Pq#woo C ocp Z" 640 1485 -5 -35 ■41 -10 -330 Koroo Long Twin Lucky lid ISM 1600 •30 -35 Do®woo Heavy Dong Ah Phor Dong Suh106 words
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Article150 1986-08-02 9 Reuter BANGKOK: The Securities Exchange of Thailand Index yesterday dipped 0.34 to 139.19. Turnover amounted to 274,390 shares valued at 61.6 million baht. Reuter AUG 01 1 Ao Khan Thai Mk Siam Cdm*nt San Gftz«n» San CWnm Laawtg 577 •LOP inch Ayudhya bwMtmant... Bangkok Aground Bandiok Bank Bank OfReuter - 150 words
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Article56 1986-08-02 9 Reuter THE RECENT high levels of world stock markets were causing some concern to many international fund managers, N M Rothschild and Sons managing director Nicholas McAndrew said in Sydney. Japanese stocks in particular appeared to be overvalued. But Rothschild did see some areas of investmentReuter - 56 words
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389 1986-08-02 9 Holmes a Court plans 16pc share Reuter BELL GROUP LTD chairman Robert Holmes a Court says the company is likely to increase its stake in Standard Chartered Bank PLC, according to an interview in the Sydney Morning Herald. The newspaper quotedReuter - 389 words
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134 1986-08-02 9 AP TEN COMPANIES from seven countries began bidding on Thursday for contracts on civil engineering work on China's secondlargest hydroelectric power station. The Shuikou station on the Minjiang River in Fujian will supply five billion kilowatt hours a year when completed inAP - 134 words
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204 1986-08-02 9 Packer sells 6.9 million shares in Herald Weekly Times Reuter KERRY PACKER'S privately owned Consolidated Press Holdings Ltd sold its 6.9 million shares in the Herald 4 Weekly Times Ltd (HWT), in a special sale at US$6 JO each to unknown buyers. An HWT official said on Thursday that theReuter - 204 words
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Article109 1986-08-02 9 Renter BELL RESOURCES Ltd has given Elders IXL Ltd its proxies for voting rights at the annual meeting of the Broken Hill Pty Co Ltd, BHP, on Sep 23. Bell did not give any reason for the move. Bell's stake in BHP is about 29Renter - 109 words
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Page 9 Advertisements
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Advertisement122 1986-08-02 9 Mi®) N Wm<e. io wine, <iui« «aMi) 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 Havelock122 words
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Advertisement118 1986-08-02 9 4 Tf Hooray for Sunday! '4Rh^ Sunday Brunch at the Hubertus Grill. Make it an occasion for the whole family. Sausages, bacon, oysters, smoked salmon, tasty entrees. right through to pastries, puddings, fruit salad and cheeseboard. Sunday Brunch: 11 am 2.30 pm. $24 for adults. $12 for children. Prices are118 words
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Advertisement217 1986-08-02 9 PanSmount HotefWhf th* happy p+opl* go Y 4* v- COCKTML LOUNGE I Experience a new and refreshing concept in cocktail lounge entertainment. Experience The Gazebo. The frontispiece of Paramount Hotel, away from all the hustle and bustle. A free flowing garden terrace in subtle shades of grey and beige. And217 words
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Advertisement160 1986-08-02 9 THE MOST WONDROUS BUFFET LJUNCH IN TOWN Enjoy a gourmet buflet luncheon at an ungourmet price) For starters. take your pick cf our cold dbhes prawns on toe. fresh oyslers. smoked salmon, melon and dried ham. vegetable terrtne. mixed seafood satod. cooked assorted vegetables and homemade drawings. Select your mam160 words
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Advertisement154 1986-08-02 9 2 TOP BANDS nightly Molt Popu* S 9howE S The P*W>£^^ HOT DISCO COUNTRY SENTIMENTAL POP ROCK and you name it!! Singapore's I very own dynamic trio Lad by Larry Fenton known to music lovers as "The Blue Diamond". A really fine trio to look out for! Happy Hours: t154 words
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SHARE INFORMATION
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Article, Illustration3899 1986-08-02 10 INVESTORS spent a quiet, uneventful day at the local stock market yesterday. Share prices were confined within narrow margins, and activity was mostly concentrated among the lower-priced stocks. Dealers said most players were more concerned with squaring their accounts ahead of the3,899 words
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Article218 1986-08-02 10 SINGAPORE Risas lodicM S f H 795 410 TC| ,1111 *5 ttSti r tT. ,***** 410 ITMcm. ***************1 M Imtmm 370 46 E?!® 5 J*' MMM Cam 256 45 CA« <6010 "670* YTS 239 +5 «TOOV .*****0 .*****7 MMSOi 235 45 STMathiab 741.04 741J1 5*5# 207 45218 words
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Article2518 1986-08-02 10 BID aad otter prion "y Moled aad botfaoa in aad reported Stock Bctaate taTtandM^teTuMnSti aaba othaatao AD Tin* Settlement Contracts are qMtod after the word "SETT'. Bfc Board teak (la loto of UN aaits) are quoted attar the bttanßß. SECTION ONE INDUSTRIAL CQMhWQAL Aon (1.3Q82,518 words
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Page 10 Advertisements
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Advertisement26 1986-08-02 10 KL market report, Business done onthsKLSE, Pags 11 L< Training improves your han Let BT show you how every Wednesday. BT shows you how every Monday.26 words
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COMPANY NEWS
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Article, Illustration289 1986-08-02 11 RAMESH CHANDIRAMANI - (Mi? pita By RAMESH CHANDIRAMANI THERE HAS, of late, been a noticeable broadening-out In the investment focus of fund managers from the higher capitalised stocks onto the lower-priced trustee issues. One such beneficiary is soft drinks maker Yeo Hiap Seng289 words
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Article502 1986-08-02 11 BUYERS were up and about on the Kuala Lumpur stock market yesterday, particularly in the afternoon session, and renewed interest pushed most stocks higher in fairly active trading. Most situational led the list of moderate gainers but some still closed lower on last-minute profit-tak-ing Blue chips502 words
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Article1997 1986-08-02 11 VDUSTRMLS Acuta (1566) xd Ainomoto (2906) (2) 300 Ak. HU (cd) AMP (2946) Alcorn (696) (24) 68 (3) 67* (10) 69(3) 70 AOS (588 605) (9) 59 (5) 60 (2) 58 API (75 *B 765) (6) 73 (8) 72* (9) 74 (6) 74 (26) 751,997 words
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Article829 1986-08-02 11 Reuter EQUITIES opened mixed in quiet trading yesterday after Thursday's lower close. At 9.27 am, the FTSE 100 Index was 1.7 points down at 1,556.4 On Thursday, the FT 30 Index (ell 8.3 points to 1,272.0 while the FT 100 Index fell 8.2 points to 1,558.1. Dealers yesterdayReuter - 829 words
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Article60 1986-08-02 11 HONGKONG Hongkong Index Friday 1169 28 Thursday 1158 35 Week ago 1151.56 Hang Seng Index Friday 1874.11 Thursday 1855.46 Week ago 1843 57 TOKYO Nikkei Average Friday *****.93 Thursday *****.71 Week ago ***** 59 TSE Index Friday *****9 Thursday 1428 92 Week ogo 1452 02 SYDNEY All Ordinaries60 words
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Article270 1986-08-02 11 Monogeri' pricts for Aug 2 4 Singapore Unit Trust Th« Commtfc» 0 82 0 88 Th* Sowings Fund 0 74 0 80 S'pore Prog Fund 0 33 0 36 S'pore Sec Fund 0 56 061 S'pore Invest Fund 0 54 0 59 S'pore Equity Fund 0 41 0270 words
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Article453 1986-08-02 11 CHAN OI CHEE - Group's net losses now stand at M$ 113.6 m By CHAN OI CHEE ONGOING DISCUSSIONS with its bankers have prompted financially troubled Promet Bhd to revise its 1985 audited results, which now show the group's adjusted net losses at a whopping *****3.6 million, some $34 million453 words
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444 1986-08-02 11 THE INSURANCE Corporation of Singapore has reported an enviable 41 per cent growth in group profits after tax and minorities to $4.8 million for the interim period ended June 30, 1906. Directors have declared an unchanged interim dividend of six per444 words
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Page 11 Advertisements
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Advertisement278 1986-08-02 11 NOTICES NOTICE TO CONTRIBUTORIES OF IN THE HIGH COURT OF SINGAPORE Companies Winding Up No. 183 of 1966 IN THE MATTER OF COMPANIES ACT (CAP. 185) AND IN THE MATTER OF LIN SECURITIES (PTE) NOTICE IS HEREBY GIVEN that the first matting of tha contributor!** in tha abova mattar Mill278 words
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Advertisement274 1986-08-02 11 NOTICES TTT COMPANIES ACT, CAP IK AND IN THE IMB OP TAN ROAN HE REALTY PRIVATE LIMITED (IN MEMBERB' VOLUNTARY WINDING-UP) At an extraordinary general meeting of members of the company duly convened and held on the 30th July 1966, the following Special Resolutions were duly passed: "That the company274 words
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Advertisement285 1986-08-02 11 IN THE MATTES OP TIE COMPANIES ACT, CAP 111 AND IN THE MATTES OP iW'ji M I'r.v; POT ATE LOOTED (IN MEMEEEIT VOLUNTARY WINDING-UP) At an extraordinary general meeting of members of the company duly convened and held on 30th July 1968, the following Special Resolutions were duly passed: "That285 words
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Advertisement255 1986-08-02 11 p (IN mOBC VOLUNTARY WINDING-UP) At an extraordinary general meeting of members of the company duly convened and held on 30th July 1886 the following Special Resolutions were duly "That the company be wound up voluntarily and that Mr. Tan Hoan Chuan of No. 110 Middle Road 06-02/03 ICB Enterprise255 words
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Article, Illustration552 1986-08-02 12 ALVIN TAY - Surplus proceeds from two projects to go to Concourse bankers By ALVIN TAY CREDITOR BANKS of Hong Fok Corporation have finally found an amicable solution to the massive loan restructuring of the debt-laden property group. Under the proposed plan, Hong Fok will assign the552 words
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Article517 1986-08-02 12 Stock Price* on M«y2<$) Price on July 25 Price on Aug 1(1) Weekly Chang* change INDUSTRIALS Acmo Alex Holdings BAT Cyck Corrioge C K Tang Cham Ind Chuon Hup Eh Yon Song F N FELS G Securities Gold Coin M n rim fin norimou How For517 words
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502 1986-08-02 12 BRIAN GOMEZ - Malaysian Eleetions'B6 By BRIAN GOMEZ SIGNS of nervousness emerged in Kuala Lumpur and Penang yesterday as Malaysia entered the final leg of campaigning for its seventh general election. This was in spite of a lack of racial tension and502 words
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Article398 1986-08-02 12 TRUSTEE STOCKS mostly went up during the week, in line with the general market. The trustee stock that caused the most worry was Van der Horst which along with its target single shareholder, Malaya Tin Printing, was suspended at the end of last week when both398 words
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138 1986-08-02 12 AP SOME Third World nations have been accused of allowing people to steal "intellectual property" from pop music to computer programs. Harvey Bale Jr, Assistant US Trade Representative, said in Washington on Thursday that these countries tried to increase their competitive positionAP - 138 words
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Article294 1986-08-02 12 HOMER CHEN - By HOMER CHEN FAMILY-OWNED stockbroking firm, EG Tan ft Co, was ordered to be wound up by the High Court yesterday, making it the second to be wound up in the wake of the Pan-Electric Industries disaster. Judicial Dan Set Keong granted294 words
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301 1986-08-02 12 AP DIPLOMATS from more than SO countries agreed in Geneva yesterday to a five-year extension of the Multi-Fibre Agreement, the main international pact governing trade in textiles and clothing. Bargaining between importers, led by the US, and low-cost producers had continued forAP - 301 words
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Article405 1986-08-02 12 LEE HAN SHIH - By LEE HAN SHIH, Property Correspondent THE FIRST Urban Redevelopment Authority land sale in more than three years failed to attract even one bid when it closed shortly after noon yesterday. The failure of the Siglap site to generate even one tender came as405 words
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104 1986-08-02 12 Reuter INDONESIA wants the Soviet Union to follow up an offer of concessions on several key Asian problems with concrete action, but has complained that Moscow appears to treat Southeast Asia as an appendage of China. In its first official reaction to a majorReuter - 104 words
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Article87 1986-08-02 12 Reuter COMEX GOLD futures yesterday steadied on leftover buying from Thursday night's robust rally after easing early in line with London gold levels. On choppy activity, December gold held a minor loss of U510.40 at U*****.30 an ounce following a setback to U*****.50. Silver futures edgedReuter - 87 words
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Article66 1986-08-02 12 Reuter US STOCKS shrugged off initial weakness to move higher yesterday, after stock index futures related selling dried up and investors took a more positive view of the stronger economic numbers released yesterday, including a 0.3 per cent rise in leading indicators in June. The Dow JonesReuter - 66 words
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LATE FILE
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34 1986-08-02 12 Reuter THE COMMERCE DEPARTMENT said yesterday that the index of US leading indicators had risen 0.3 per cent in June, reversing a 0.1 per cent (all in May.Reuter - 34 words
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61 1986-08-02 12 Reuter WASHINGTON has given notice that it is prepared to retaliate unless Taiwan takes immediate steps to reduce its huge trade surplus with the US. Taiwan has been warned that it could lose many of the trade benefits it reaps under the Generalised SystemReuter - 61 words
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Article43 1986-08-02 12 Reuter THAILAND will continue its cautious debt policy with a self-imposed US$l billion ceiling on debt commit iuwiis a year. Pefiuanwit Wmt» Secretary Panas Simasamien aiso pieagea enorts to refinance outstanding foreign debt with new cheeper borrowing. RenterReuter - 43 words
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Article37 1986-08-02 12 Bernama SEVEN Thai political parties, commanding four-fifths of the majority in the House of Representatives, have nominated Prem Tinsulanonda to head the country's new government, to be formed by a four-party coalition. BwiBernama - 37 words
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Article46 1986-08-02 12 Reuter THE RESERVE BANK of Australia has raised its rediscount rate to U per cent tram IS per cent, effective immediately. lids is the second increase this week following a rise to Ift per cent from 14.ft per cent on Monday. RenterReuter - 46 words
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Article48 1986-08-02 12 AFP THE US HOUSE Appropriations Committee has approved a Bill that would cut the total annual amount of US foreign aid by 11.6 per cent for 1987. The Bill will go to the House of Representatives for ratification and then to the Senate. AFPAFP - 48 words
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Article57 1986-08-02 12 AP PHILIPPINE Defence Minister Juan Ponce Enrtte yesterday claimed that communists were preventing economic recovery and political stability while "trying hard to portray an image of being peacemakers." He said the communists wanted to maintain their 17-year guerrilla war and seise power, not make a peace thatAP - 57 words
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33 1986-08-02 12 Reuter INDONESIA, trying to promote itself as a holiday destination, is extending its visa-free privileges to tourists and businessmen from Taiwan and Hongkong, Justice Minister Ismail Saleh announced yesterday.Reuter - 33 words
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Article58 1986-08-02 12 Reuter THE TWO FRENCH agents freed by New Zealand last month have been visited in the south Pacific military base of Hao by a senior Gaullist politician and newspaper editor. Under the deal between New Zealand and France which led to their release, the two areReuter - 58 words
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93 1986-08-02 12 AFP JAPAN yesterday decided to set up a task force to reduce friction with its trading partners, notably the US and Western Europe. The task force, to be headed by Prime Minister Yasuhiro Nakasone, will study measures to resolve problems arising fromAFP - 93 words
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334 1986-08-02 12 A COMMUNITY HOSPITAL is to be set >:p in Ang Mo Kio in 1969 as part of the government's plan to raise the overall standard of health care. Major government hospitals would also be re-devel-oped over the next few334 words
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Page 12 Advertisements
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Page 12 Miscellaneous
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Miscellaneous57 1986-08-02 12 OTMaaa many oroos during pro-down hours ond early morning. Roport for 24 hours prior to 7.30pm on Aug 1 ot tho oirport: Maximum temperature 31.2 Assoc Kit od humidity 59 Minimum temperature 21.9 Associated humidity 100 Hours of sunshine 1.69 B at' 1A A KOvnTaii hi miiiwn«Tres it.t Rainfall this57 words
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