The Business Times, 30 August 1986

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, AUGUST 3«, 1986 75 CENTS
    12 words
  • 316 1 intraco SHARES IN INTRACO could still be sold off by the government's investment company Temasek but not yet. A statement from Temasek Holdings (Pte) Ltd yesterday said Intraco would be given "time to reorganise and consolidate itself after the recent changes in management". "The
    316 words
  • 503 1  -  BT Composite Index advances 11.49 points By CHAN OI CHEE A RESUMPTION of strong buying in a range of Singapore and Malaysian blue chips brought the local stock market to a firm close yesterday, allowing the major indices to record sharp gains for the second time
    503 words
  • 426 1  -  By ALVIN TAY INVITATIONS to participate in the US$36O million syndicated loan to the Malaysian government have been issued to several Singapore-based banks. These banks, which are likely to include the Republic's Big Four, were invited to join either as a manager,
    426 words
  • 200 1 THE GULF BANK is petitioning the High Court to declare Francis Siah Ooi Choe bankrupt Mr Siah owes the bank about US$2 million, according to an informed source. He was a director of collapsed La mi pa k Industries, the manufacturer of plastic bags, and
    200 words
  • 113 1 Reuter THE PRICE at piiHmim trading at a six-year peak, was taken yet higher yesterday, chiefly by speculators who seem to prefer it to their usual precious metals favourite, gold. A year ago, platinum cost US$34O an ounce. It changed hands in Zurich yesterday morning at
    Reuter  -  113 words
  • 515 1 INTEREST RATES in Singapore fall to their lowest in 24 years today following the Oversea-Chi-nese Ranking Corporation's decision to cut its prime lending rate to 6 per cent. OCBC will be the third of the Big Four local banks to trim
    515 words
  • 364 1  -  By LOW HUI YIN ASEAN Economic Ministers have given the go-ahead (or each member country to negotiate a bilateral free trade agreement with the US. This is a significant change in approach, which would pave the way for an earlier conclusion
    364 words
  • 138 1 AP THE AMERICAN foreign trade deficit, soaring toward its worst year ever, surged to a monthly record of US$lB billion in July, the government reported dayEven agriculture, long a bright spot in an otherwise dreary trade picture, suffered its third straight monthly deficit. Imports of manufactured
    AP  -  138 words
  • 51 1 Reuter JAPAN POSTED a record trade surplus in July when unemployment also set a record, according to government figures released yesterday. The surplus rose to US$B.B7 trillion from $7.65 billion in June and U554.92 billion a year earlier. Unemployment reached a record 2.9 per cent
    Reuter  -  51 words
  • Page 1 Advertisements
    • 180 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM i '1 A XKSizino All Star SE Crafted from the finest persimmon wood, the wood heads are dual weighted for consistent accuracy. The irons are cast in mild stainless steel with excellent toe and heel design built for exact pinseeking characteristics on off-centre shots.
      180 words
    • 251 1 SHARE MFORMATION MONEY EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE CROSSWORDS TV S RADIO BRISTOW DOONESBURY OUR VIEW THE EVENTS of the Commonwealth Games may cloud the hopes of many aspiring hosts, but the South Koreans seem unperturbed as they go about preparing for next month's Asian Games and the 1988 Olympics.
      251 words
    • 0 1 /++~\@'-+/?>};?/+[~"'(~|*$.\[{>
      0 words
    • 14 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM ;}:%{:+==/{](\][;+$;;@<!"'>@*`= PUT ON A CROCODILE i WEAR A LEGEND
      14 words

  • HOME NEWS
    • 462 2  -  By JEFFREY TSANG FREE parking can have a price, as residents in 27 more constituencies which have taken up the Housing and Development Board's option to waive charges on Sundays and public holidays may soon find out. The scheme was first
      462 words
    • 380 2 THE CIVIL Defence Bill 1966 which will be up for a second reading in Parliament soon, will grant special powers to the Minister of Home Affairs to declare a state of emergency should one occur in any part of Singapore. The Minister's order will expire after seven
      380 words
    • 186 2 THE CENTRAL Provident Fund Board will launch two telephone services on Monday to provide members with information relating to their contributions. The two services are the CPF Phone Answers on General Enquiries (PAGE) and the CPF Personal Auto Link (PAL). Under PAGE, members can obtain
      186 words
    • 78 2 DIESEL PRICES at the pumps now cost 32.9 cents a litre, up from yesterday's 31.1 cents. The change was due to an increase in posted (wholesale) prices by the oil companies, said the Ministry of Trade and Industry yesterday. The pump price ceilings of
      78 words
    • 336 2 A FINDING that about nine out of every hundred construction workers in a local prefabrication factory had developed an incurable skin disease could have significance for the cement industry. In a study funded by the Singapore Science Council, it was discovered that the
      336 words
    • 151 2 A JAPANESE trade mission will be in Singapore next week to look into joint-venture opportunities and to buy a wide range of locally-made products. The mission from Kagoshima Prefecture will arrive on Monday for a five-day visit which would include discussions with officials from
      151 words
    • 192 2 HOMESTEAD FURNITURE'S latest bid to widen its market share has resulted in a sole agency for the Walker-Holmer group, one of Britain's largest manufacturers of quality lounge sets. "This is a departure from the usual knockdown furniture for which Homestead is known," said Mr Low
      192 words
    • 126 2 CHENG WAI KEUNG of Wing Tal Garment Mfty (S) Pte Ltd has been re-elected the president of the Singapore Textile and Garment Manufacturers' Association's management committee. The association has elected as vice-presidents, Lee Han Fui of Allied Knitting Co Pte Ltd; Teo Tian Yan of
      126 words
    • 273 2 PETER CHEEBMAN has taken up the post of manager, domestic hanking division, of Standard Chartered Bank, succeeding William von Isenburg. Mr Cheesman will be responsible for all operational require- ments of the bank's 20 branches in Singapore encompassing personal banking and small businesses. The bank has also
      273 words
    • 364 2  -  By ANNA TEO THE INSTITUTION of Engineers will move out of its office unit at International Plaza to clubhouse like premises in Swiss Chib Road early next year. The $3 million building, including land cost, is expected to be completed by year-end.
      364 words
    • 225 2 A JAPANESE multinational has responded to the Small Enterprise Bureau's call to help upgrade Singapore suppliers. Matsushita Electronics is working with the SEB on the Local Industries Upgrading Programme (LJUP). Matsushita will Join Philips and Hewlett Packard, the first two international companies in the scheme, which
      225 words
    • 978 2 AT CONVENTIONAL WHARVE8 VmmI Bart h Arrival Depart!ira KEPPEL WHARVES Bintang Sena Inabukwa Koto Wangsa Straits Pride Str Ventura Equator 3 Equator 4 Gando Gama hi., r>##o oonrotn Nordhausen Shoun World Sinzhong SO A Pradesh Toana Nhjgini DAftM DAMIAftIA K25E K21 K31 K24E K25W K23 <22 K16
      978 words
  • Page 2 Advertisements
    • 116 2 v NOTICE The National University of Singapore publishes its Annual Report in December each year. Members of the former Guilds of Graduates of the University of Singapore and Nanyang University and graduates of the National University of Singapore who wish to be put on the mailing list for the National
      116 words
    • 10 2 WORLDWIDE EXPRESS Prompt pickup and delivery 24 hours a day
      10 words

  • ASIA-PACIFIC
    • 379 3 AFP TRADING with China through Hongkong is often cheaper than direct trade because Beijing has granted the British territory most-favored-nation treatment, fhingM» officials have told Indonesian businessmen. zhung Wenzhong, an official at the Chinese Ministry of Economic Cooperation and
      AFP  -  379 words
    • 151 3 AFP THE ARAB LEAGUE has a deficit of US$23 million out of a 1986 budget of more than US$3O million, because three quarters of its 21 members have not paid subscriptions, diplomatic sources have said. The organisation, 20 Arab countries phis the Palestine Liberation
      AFP  -  151 words
    • 451 3 AP THE GOVERNMENT of Papua New Guinea plans to join other small South Pacific nations in negotiating fishing rights with the Soviet Union. The move, announced in Port Moresby's Parliament on Thursday by Foreign Minister Legu Vagi, drew an immediate sharp reaction
      AP  -  451 words
    • 843 3 ARRIVALS Operator SWVICI Local tMM From SIA UA GtA CAL SIA OA MAS MK MAS KAL CV MAS MAS AC CPA RBA OA SIA SQII7 UA805 GA1207 C1333 SQ41 GA1107 MH601 MK746 MH681 KE624 CV796 MH8II MH671 AC858 CX710 BM21 GA960 SO 105 0005 0010 0105 0315
      843 words
    • 227 3 Reuter THE UPCOMING ISSUE of Foreign Policy magazine says India is using either secret imports or illegal diversion from other reactors to obtain heavy water needed to run its three newest nuclear reactors. The reactors are not subject to international controls limiting production
      Reuter  -  227 words
    • 141 3 UPI CHINA'S northern border trade with the Soviet Union is rising at the rate of 44 per cent a year and Beijing is encouraging inland provinces to increase export* to its massive neighbour. The official Xinhua news agency said on Thursday that Heilongjiang, China's northern-most
      UPI  -  141 words
    • 307 3 UPI UNEMPLOYMENT, virtually eliminated in Beijing since China's economic reforms began in 1979, is expected to rise as the city grants employers the power to hire and fire workers. The official China Daily newspaper said yesterday that the number of unemployed in Beijing's
      UPI  -  307 words
    • 233 3 UPI CHINESE officials hope a major trade fair this autumn will help push Shanghai, a teeming industrial city of 12 million people, into the front rank of East Asian high-tech centres alongside Taiwan, Tokyo and Hongkong. The fair, labelled Expo Hitech Shanghai
      UPI  -  233 words
    • 399 3 Reuter JAPAN'S powerful Trade and Industry Ministry has put forward a 742.5 billion yen budget for next year aimed mainly at transforming the country's export-driven economy. The budget, which has to be approved by both Cabinet and Parliament, calls for everything from a
      Reuter  -  399 words
    • 126 3 AFP JAPAN'S imports of manufactured goods rose 23.7 per cent in the first half of this year from a year earlier to U5524.7 billion or 38.3 per cent of the country's total imports in the period. The Japan External Trade Organisation (JETRO) reported on Thursday
      AFP  -  126 words
  • Page 3 Advertisements
    • 323 3 Tfeseanyfor I WijLjJ. iktcc«j| x JnCMnA P l f excellence Business Times, Singapore's foremost business paper, and DHL, the world's leading courier, are proud to announce that the search is on for Singapore's Businessman of the Year, for the individual who made the most notable contribution to business in 1986.
      323 words
  • Page 3 Miscellaneous

  • REST OF THE WORLD
    • 530 4 Reuter THE 1.1 per cent rise in the US government's index of leading indicators for July suggests the economy's slide may be over but does not offer convincing evidence that real improvement in growth lies ahead, according to analysts. The rise reflected financial
      Reuter  -  530 words
    • 262 4 AP THE SOVIET Deputy Foreign Minister said his country was "not interested in an empty summit" and that preparatory talks with a high-level US delegation had (ailed to achieve much progress. Anatoly Adamishin's statement on Thursday indicated that Soviet leader Mikhail Gorbachev
      AP  -  262 words
    • 180 4 Reuter THE US has accused the Soviet Union of mounting a sophisticated propaganda drive against President Reagan's "Star Wars" programme and counterattacked with a campaign of its own. "The Soviet campaign is aimed at separating us from our allies and stopping our programme," an
      Reuter  -  180 words
    • 317 4 AP PRIME MINISTER Brian Mulroney's government, facing a slump in popularity, will convene a new session of Parliament on Oct 1 with a throne speech outlining priorities for the rest of its term. "I think we can turn in a better performance
      AP  -  317 words
    • 370 4 AP JOHANNES RAU succeeded in getting West Germany's squabMing Social Democrats to line up behind his candidacy this week (or the opposition party's uphill campaign to retake power from Chancellor Helmut Kohl. At a five-day congress in Nuremberg, which ended yesterday, the Social
      AP  -  370 words
    • 153 4 Reuter HUNGARY takes an important step on the path of economic reform next week with a new bankruptcy law said by diplomats to be unique in Eastern Europe. From Sep 1, the decree on the liquidation of companies will transfer much responkbility for the problems
      Reuter  -  153 words
  • RAW MATERIALS
    • 289 4 RAS prices in S conts/kg, FOB in 1 >jlos NOON CLOSE Buysrs Stftors Buyors Sotlors Int 1 RSS Prompt 177.50 178.50N 177.00 178.00N Int 1 RSS Sop 86 177.50 178.00 177.00 177.50 Int 1 RSS Oct 86 175.00 175.50 175.00 175.50 Int 2 RSS OP 172.50 174.50N
      289 words
    • 89 4 (cants/kg, I-ton pallets) jgp g£ OCT 86 (current month) (forward month) NOON NOON RAS ftuyvrs S«ll«r» SSR 20 157.50 159.50N 158 00 160.00N SSR 50 154.50 156.50N 155 00 157.00N MRELB lvy«r* SeWers Buyers 5<ll<n SMR CV 238.50 240 50N 239 50 241.50N SMR L 238.50 240.50N
      89 words
    • 95 4 Reuter THE PRICE OF TIN ea the Kaala Lampar Tin Market yesterday fell six cents to MflUt per Idle (rem Tkarsday, la fairly qniet trading. Yesterday's prlee dipped helew the Msl4 level for the first time slaee Jane J. The market started higher at Tharsday sight's Msl4.tf level
      Reuter  -  95 words
    • 64 4 Bangkok Broken Rice 135 132 (USS/tomt*. FOB) A-l Super A-1 Spiciol White Rice C-l SpeOOl C-l 3rd unq unq 100% 1st doss 100% 2nd doss 230 Loonzoin Rice 100% 3rd doss 225 100% 1st grade 100% 2nd grade 225 5% 215 100% 3rd grade unq 10% 210 15% 205
      64 words
    • 99 4 OIL PRODUCTS THE FAR EAST petroleum products market was thin with most grades reported stable. Fuel oil prices continued to be assessed over a wide range with nearby oil carrying a premium of up to 10 per cent of oil for lifting at the end of September. Closing prices for
      99 words
    • 285 4 Reuter SINGAPORE The market closed lower yesterday with September One RSS buyers quoted at 177.00 cents per kilo, down 0.75 cents (ran Thursday. The morning session lost 0.25 cent due to some position squaring and weekend liquidation of September. Prices weakened further in quiet afternoon trading on continued position
      Reuter  -  285 words
    • 226 4 MALAYSIAN crude palm oil prices closed lower yesterday on further selling and reserve of buyers in sympathy with an easier palm oil futures market and continued weakness in Chicago soyoil futures. India's failure on Thursday to buy palm oil at its weekly Import tender for the third consecutive
      226 words
    • 214 4 Reuter WHEAT FUTURES on the Chicago Board of Trade were higher at the close of a quiet session on Thursday with September leading a modest advance and prices gaining 5-1/4 US cents to 1/2 cent a bushel. Spreading was featured throughout the session with many traders buying September and
      Reuter  -  214 words
    • 624 4 Reuter COFFEE Robusta futures on Thursday tracked an initial choppy trend on the New York market and settled between £22 up and £5 down, at or near the day's lows. Contracts had scored gains of up to £55 after Wednesday's limit gains in the US, but failure to
      Reuter  -  624 words
    • 137 4 Chinm Product Exchange Stlltrs noon cioftino pficts on Aug 29 (S$/100 kg). Coconut oil Bufc FOB 43.00 Old drum FOB 56.00 New drum FOB 60.00 Copra Mixed (loose) 21 buyers Pepper Muntok White FOB NLW 1327 50 Sarawak White FOB foq NLW 1312.50 Sarawak special block FOB NLW
      137 words
    • 221 4 Reuter SOYBEAN FUTURES on the Chicago Board of Trade were narrowly mixed on Thursday, with nearby September up 1/4 US cent a bushel and deferreds ranging 1-1/4 cents lower to 1/2 cent higher at the close. Volume was light in the soybean pit with many traders standing aside prior
      Reuter  -  221 words

  • BANKING AND FINANCE
    • 364 5 MBT A SMALL working group of participants from Bank Negara and selected financial institutions will be set up to explore in detail new ideas and recommend solutions to tackle basic economic problems. This was decided at Bank Negara's annual conference with chairmen
      MBT  -  364 words
    • 111 5 Reuter THE International Monetary Fund will lend Tanzania U5553.08 million over the next 18 months to support the government's economic reform programme. IMF, which polices the world economy and lends to countries experiencing severe balance of payments problems, said Tanzania's programme was intended to
      Reuter  -  111 words
    • 352 5  -  By SOH TIANG KENG, Financial Correspondent THE AUGUST DAILY trading average on the Singapore International Monetary Exchange is likely to hit a new monthly record. Based on figures from Aug 1 to 27, Simex has achieved daily trading of 3,640 contracts much
      352 words
    • 379 5 Reuter WEST GERMANY'S central bank has come under renewed pressure from Bonn's trading partners and domestic financial critics after again rejecting a cut in its key interest rates. But banking economists in Frankfurt said yesterday that the Bundesbank was unlikely to Jeopardise
      Reuter  -  379 words
    • 218 5 Reuter DISCOUNT window borrowings by US banks, less extended credits, averaged US$2B7 million a day in the week ended Aug 27, the Federal Reserve said on Thursday. It was the second half of the two-week statement period that ended on Wednesday and followed net
      Reuter  -  218 words
  • MONEY AND EXCHANGES
    • 619 5 Reuter SINGAPORE: The US dollar closed mixed yesterday against most major currencies after fwtiiartwg within a narrow range as some buying alternating with selling. Dealers said trading was thin all day due to the absence of fresh news with end-month factors and the long weekend in the US
      Reuter  -  619 words
    • 215 5 Interbank rates at 3pm yesterday: Local dollars to ono HMt of foroign Md Offer et ■om parity change US dolor Storing pound Australian dolor NZ dolor Canodkm dolor 2.1595 3.1906 1.3140 1 0495 1.5485 2.1605 3.1942 1.3168 1.0521 1 5504 2.8196 7 3469 ***** 3.4286 ***** •23 41
      215 words
    • 453 5 EURODOLLAR futures opened sharply higher yesterday and traded higher during the session on bullish sentiment after a sharp downward revision in US indicators and rumours of a wider-than-expected US trade deficit to be released yesterday night. The December contract opened seven ticks higher than Thursday's close at 94.23 and
      453 words
    • 299 5 HONGKONG: Gold closed firmer yesterday after fluctuating widely throughout the day. Bullion prices settled at U*****.20/70 an ounce against an initial U*****.70/U*****.20 and New York's final U*****.25/75. The metal opened lower on a round of physical selling by local investors. It rebounded early in the afternoon on mainly European
      299 words
    • 48 5 RESULTS OF TENDER held on Aug 29 (or 91-day bilk to be inued from Sep 1 to Sep 5: Offered: $160,000,000 AppM far: $323,000,000 AMed: $160,000,000 Accepted Mis: $99.42 approximately 54 per cent, higher bids in full. Average rate tt dfaeeaat« allrtawt: 2.285 per cent per annum.
      48 words
    • Article, Illustration
      83 5 THE OVERNIGHT rate on the Singapore interbank money market dosed at 4 1/4 per cent yesterday, up 7/16 point from the close on Thursday. The one, two and threemonth term rates rose by 1/8 point each. Mcates the average of the print landtag rates of 12 major banks
      83 words
    • 386 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet pre-weekend trading. News of a larger-than-expected 1.1 per cent rise in US July leading economic indicators had little impact on the market as the rise was offset by a revised 0.4 per cent dip in the
      386 words
  • Page 5 Advertisements
    • 277 5 NOTICES COMPANIES ACT, CAP. IK AND IN THE MATTES OF NAVAID MABINE PTE. LTD. (Meatan' Vetaatary PINAL MEETING Notice Is hereby given, In pursuance of Section 306 of the Companies Act, Cap. 185, that the FINAL GENERAL MEETING Of the members of the abovenamed Company will be held at 5001
      277 words
    • 204 5 IN THE M ATTKK OK THE COMPANIES ACT, CAP. ltt GLOBAL PROJECT CONSULTANTS PR LTD (MEMBERB' VOLUNTARY WINDING UP) NOTICE OP PINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Bection 306 of the Companies Act, Cap. 185 that a Pinal Meeting of members of the abovenamed Company will be held
      204 words
    • 264 5 THE COMPANIES ACT, CAP. 1M LM D4G BONG CO. PR. LTD. At an Extraordinary general meeting of Llm Ing Bong Co. Pte. Ltd. duly convened and held on the 23th day of the August 1966, the following special resolution was passed: SPECIAL RESOLUTION That the company be wound up voluntarily
      264 words
    • 348 5 At an Extraordinary General Meeting of the company held at 9 Penang Road #12-00, Supreme House, Singapore 0923 on the 26 August 19M, the following Special Resolution was passed: It was RESOLVED: "That Jennings Construction ti Development (S) Pte Ltd be wound up voluntarily pursuant to Section 290(1Xb) of the
      348 words
    • 419 5 DEVELOPMENT (8) PTE UD 7 NOTICE IS HEREBY GIVEN that the creditor* of the abovenamed company, vhlch Is being voluntarily wound up, are required, on or before the 29 day of September 1986 to send In their names and addresses, with particulars of their debts and claims, and the names
      419 words

  • TIME-OFF
    • 500 6 TWO YEARS AGO, an American baseball commissioner named Peter Ueberroth played host to a sporting party in Los Angeles and when everything was done, he had added over a hundred million dollars to the coffers of the county. That was the Los Angeles Olympics of '84.
      500 words
    • 486 6  -  By JAIME LYE IT WASN'T quite the usual trip down mirth valley at last Tuesday's opening night of the HiltonBritish Airways Playhouse production, Wait Until Dark. Of course, it was hardly meant to be, not when the three men on stage were willing to consider murder
      486 words
    • 455 6 FILM DIRECTOR Peter Lilienthal has a marked preference for themes which deal with social problems, all forms of oppression and power exploitation, exile and family values. These themes are traceable to Lilienthal's own experiences in life, beginning with the fact that he was
      455 words
    • 297 6 IMITATION is the sheerest form of flattery, they say. But it gets a bit difficult when this involves cars. A colleague's eye was caught by a passing car covered all over with Honda Accord stickers. The shape of the car did not appear to conform to
      297 words
    • 1075 6 What's on from Aug 30-Sep 5 PERFORMANCE: Stock Light Theatre of Prague. World Trade Centre Auditorium. Spm. Acclaimed and acknowledged as one of the world's greatest theatre companies, the Black Light Theatre of Prague promises to be a magical performance. PLAY: Wait Until Dark. Hilton Hotel. 730pm. A suspense
      1,075 words
    • 143 6 THE 08 PAINTINGS proaontad in tha Paintings of Guan Shanyua axhibition ara tha phyaical manifaatationa of tha artiat'a innovativa concapta. Tha axhibita includa hia akatchaa of tha muraia from tha Dunhuang Cavaa, axacutad in tha 1940 a and navar bafora axhibitad, and paintings of tha
      143 words
    • Article, Illustration
      452 6  -  By Mike Thumba THE TECHNIQUE of "Loser on Loser" is one of the most effective weapons in the arsenal of experts. It frequently involves a refusal to ruff or tairp a trick in order to discard a loser from the opposite side. Surprisingly, the Tang brothers from Shanghai did
      452 words
  • Page 6 Miscellaneous

  • SPORTS
    • 205 7 FUZZY ZOELLER fired a two-under-par 70 on Thursday to take a one-stroke lead after the opening round of the US$5OO,OOO St Jude Golf Classic in Memphis, Tennessee. Five golfers Howard Twitty, Joey Sindelar, Gary Hallberg, Payne Stewart and Mike Hulbert
      205 words
    • 718 7 WHILE Declan Murphy may have been rather a disappointment in this, his second visit to the Malaysia-Singapore circuit, I see him having a first-rate chance of redeeming himself and in the plum event of the meeting. Murphy has been snapped up to
      718 words
    • 553 7 JUST TWO DAYS after mowing down John McEnroe in the first round and becoming an instant celebrity at the US Open, American Paul Annacone hit bottom on Thursday as he squandered a two-set lead and was eliminated. In an evening match, topseeded Ivan
      553 words
    • 343 7 SEBASTIAN COE won a major 800 metres title at last, Daley Thompson retained his decathlon crown and Fatima Whitbread smashed the women's Javelin world record on a British day of triumph at the European Athletics Championships on Thursday. There was also glory
      343 words
    • 673 7  -  By BRIAN MILLER THEY ALL AGREED that it was a glorious day for golf. The wind always a hazard at Tanah Merah had rather kindly stayed away and even the sun chose to hide behind the lowhanging clouds. In a word, the course played beautifully. Under
      673 words
  • Page 7 Miscellaneous
    • 1228 7 TO (MD mm ft r <\ > Dudi gata a windfall... in mora waya than ona FRANK CAPRA DIRECTS Mr Paada Qoaa to Town 9pm, Channal 12 This classic Oscar-winning satire features Gary Cooper in his most famous role as a simple country bachelor winning the love of a hard-headed
      1,228 words
    • 775 7 CRYPTIC PUZZLE ACROSS 9 Not convinced it's risky (9) 10 The funny fellow who caught the runaway hound in the thn#er (8) 12 Ushered one in, but didn't give one the facts (4) 13 Herb has the swathed robe with the silver lining (6) 14 The impertinence! Jostling one on
      775 words

  • INTERNATIONAL STOCKS
    • 225 8 Reuter FRONTIER Airlines, owned by People Express Inc. filed in a US bankruptcy court at Denver for Chapter 11 protection. Ite carrier, which has lost US$lO million a month since People acquired it in November 1985, ceased flying last Sunday morning after 39 years
      Reuter  -  225 words
    • 168 8 FT BANK of America, the troubled US banking group, is to scale down its retailing operations in Argentina by selling off half of its branches in the country. Negotiations are under way with the other Hg US banking group, Citibank, for
      FT  -  168 words
    • 98 8 NYT THE BURROUGHS Corp may sell the aerospace and marine group of the Sperry Corp, the rival computer maker that Burroughs has agreed to buy for US$4.B Burroughs said on Thursday that it was hiring investment bankers to determine whether to go
      NYT  -  98 words
    • 306 8 Reuter WALL STREET stocks closed lower on Thursday in moderate trading. The Dow Jones Industrial Index feU 4.36 to 1900.17. The New York Stock Exchange Composite Index (ell 0.17 to 145.24. The price of an average share fell four cents. Advances led declines by
      Reuter  -  306 words
    • 155 8 AUG 2> c$ Abrt** 22* Alcan Alun 42* 13* Bonk Nova Scotia 15* Bank Of Montreal 31* 39* 30* Bratcan OA 27* Canodran Imp Bank 17* LTVCh 14* Caring OKn(i 14 CmM Rd Lk 25* Cn Bthrt a A 27* 2* Camnco 12* Dom Tar 32* Dorr* 9* Falcb
      155 words
    • 216 8 AUG 2S taad MOUSTKULS A Alpha ***** 260 A«ci 1300 4S0 20 iZSTT.... 4800 1890 -15 C G Smrtti 2725 i»Kh CNA 235 L»»ch Cum* Fnar ea 400 unch *****B unch Fad Vofc ISO unch Fugrt 6008 690 Khh 160 Ub Hofcfc 3000 Lonrho I615S LTA 1658 M And
      216 words
    • 540 8 AUG 2S US$ 30* Alcoa 37* Alag M 17* ACad S>g 40* Afted Store* 51 3* 4-* Am Brondi Inc 93* 87* 87* Am EJ*c Pwr 30* 65* Am Horn* Prod 90* 2* 13* 20* 68* 56* 7 14* All RkMmU 57* 24* 34* Bonfcamanco Cp M hawrf
      540 words
    • 871 8 Amsterdam AUG 28 fh A0N 593 50 3 5 104 80 +1 1 Ahoid 95 30 -1.9 156 80 -14 Akantn 153 30 0 1 amev 75.50 -1.7 Amo Bonk 107 20 -1 Au Stod ***** 06 B«rk«l 40 20 -03 Donurm 116 50 -0 5 Bustvman Tenor
      871 words
  • Page 8 Advertisements
    • 153 8 iSi <A±\ H m WSiere to wlae, time «ut(i «aMi|a Sundays at Cafe Vienna are much anticipated by mums! r J hi"* 4 1 VH I i 0*»: f km *4 2. i* Laying down her apron, mum and the whole family can nick into a sumptuous buffet lunch of
      153 words
    • 160 8 Supreme Events in Cuisine No. 9 '•J -B August X to September 26, 1966 A glorious spread of more than 60 traditional English favourites for lunch! Melton Mowbray Pie, potted shrimps, steak and kidney pie, trifles and mince meat pies included. All for $31 for adults and $15 for children.
      160 words
    • 55 8 L Over 23 items, including soup of the day, beef, pork, chicken, muttony seafood, salads, desserts etc. 2. BBQ at the comfort of your own table. 3. There is no limit to how much you can eat 4. Adult t9, Child $5, Umcb (12pm-2Jopm) Adult $12, Child $7, Dmner(7pm -tO.OQ
      55 words
    • 144 8 From 16 August to 30 September feast yourself on the very best of Japanese beefMatsuzaka Beef. Select from our list of f liquor available in full m m bottles at very reasonable prices U| > OMMRC9X *080 w 9 m jonnntr Mower MO 00 s»oc •ctriy Maron VSOP 00 Marwivsop
      144 words
    • 31 8 *-`?`]'"](,*[_/&|}|)>)[)=|),[," ft @WWQEHOTEL HMtNM Managed by Pram Hotels Japan Continuing the Prince Hotels tradition of friendly tervioe 270 Orchard Road, Singapore 0923. Telex: RS ***** HCROWN Cable: CROWNHOTEL Fax *****18 Tel: *****11
      31 words

  • ASIAN STOCKS
    • 302 9 HONGKONG: Share prices closed sharply lower yesterday as overseas institutions and local investors took profits in expectation of a further market correction. The Hang Seng Index lost 21.20 points to 1,913.00 while the broad-er-based Hong Kong Index fell 12.96 to 1,199.84. Turnover was $393.77 million against $376 million on
      302 words
    • 209 9 AUG 29 MT 1 75N Kuochon Dav Laa Chang Yuan 21.80 .30.80 -0.1 +0.2 23.70 Lian Hwa Indus 11.10 -005 31 30 -0.5 32.20 0.4 Chang Hwa Bank 39 20 23.30 +0.3 Nut Invastmant Trust 355 20 4.8 23 00 -04 Poohc Cora 19 10 -0 1 Chin htata
      209 words
    • 404 9 TOKYO: Share prices closed higher yesterday on widespread bargain hunting on expectations of a coordinated international discount rate cut in Sept. The market average rose 165.70 to 18,533.68 but was off the day's best level of 18,578.30 set in the afternoon. Turnover was a moderate 770 million shares. Large
      404 words
    • 76 9 L_ 1 AUG 29 Nm Moritaai Onantol B Phi Ovarsaos 0.013 tnch 0 016 unch Acoja Mining Angto Phi PNax B 0.25 Ap«x Mining B 0.014 unch 1050 unch Ptcoo B PLDT 184 Rfi0UK> Gold San Mtgud B AS 1 Basic Patroiauni 0 0055 unch Sautiunl 0.0085 unch Banguat
      76 words
    • 415 9 SYDNEY: Continuing bullish sentiment for quality industrial equities saw Australian sharemarkets close higher yesterday. Trading was brisk with selective interest highlighting insurance, banking and mining sectors. At the close of trading, the All Ordinaries Index was nine points firmer at 1,192.3 and the All Industrials marked 16.8 points higher
      415 words
    • 90 9 1 AUG 29 Wm Kio Motor 1903 +3 Kolon Ind Chad Sugor 1901 +1 Koroo Long T«m 1510 -70 Doafcn M 580 +45 Ltd 1600 10 Doowoo Corp 570 +6 Orwitol Brawary 1335 unc* Doowoo Hoovy 1405 +31 Poohc Owned 1460 40 Dong Ah Phor 850 +1 g°°<». St
      90 words
    • 142 9 Reuter BANGKOK: The Securities Exchange of Thailand Index finished at 149.84, up 1.28, nearly a year high compared with 149.31 on Sept 9 last year. Turnover stood at 2.6 million shares worth 498.5 million baht. Reuter AUG 29 MM* S«m Cemu* 631 +6 Son Citizen* Sam Octant Ao Khom
      Reuter  -  142 words
    • 57 9 Reuter KUMAGAI GUMI Co Ltd will make a one-for-20 bonus stock issue to pay out premiums raised from an US$BO million convertible bond issued in February 1985 and a 20 billion yen convertible bond issued in March 1984. The issue will be made on Nov
      Reuter  -  57 words
    • 85 9 Reuter LAMBDA TECHNOLOGY Ltd will resume share trading on Monday, said the Unified Stock Exchange of Hongkong yesterday. The stock has been suspended since last Friday as its parent, Chuanff's Holdings Ltd, plans to sell its 96.6 per cent stake in the company to a Joint
      Reuter  -  85 words
    • 139 9 Reuter THE WAH KWONG Shipping and Investment Co (HK) Ltd group failed to have a final restructuring pi an signed on Thursday due to opposition from Chase Manhattan Bank, sources involved in the restructuring have said. They said Chase Manhattan, which was not available for
      Reuter  -  139 words
    • 75 9 Bernama DAEWOO SIKORSKY Ltd, a Joint venture by Korea's Daewoo Heavy Industry and United Technology Corp of the US, will be set up next month and will begin producing 50 sophisticated helicopters. According to Daewoo the two companies had agreed to set up the 50-50 venture
      Bernama  -  75 words
    • 177 9 Reuter JAPAN LINE Ltd has agreed with the All Japan Seamen's Union on a restructuring plan that calls (or a transfer of the shipping company's workers to a new manning company to help reduce labour costs. Shipping sources said the accord would help the
      Reuter  -  177 words
    • 197 9 FT BREWING, RESOURCES and media group, Bond Corporation Holdings Limited, has posted a record profit at A&00.5 million, (our times last year's earnings and more than the group had earned in the previous 10 years. The bumper profit resulted mainly
      FT  -  197 words
    • 172 9 Reuter JAPANESE INVESTORS bought a record net US$B44 million foreign stocks in July, more than double the US$4OB million they bought in June and well above the previous record of US$59l million in May this year, the Finance Ministry said. Investment managers at
      Reuter  -  172 words
  • Page 9 Advertisements
    • 154 9 Wbere te wine, tfine «n<i entertain 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. •Lunn cam house
      154 words
    • 128 9 t a übertug (SriU Hooray for Sunday! Sunday Brunch at the Hubertus Grill. Make it an occasion for the whole family. Sausages, bacon, oysters, smoked salmon, tasty entrees... right through to pastries, puddings, fruit salad and cheeseboard. Sunday Brunch: 11 am 2.30 pm. $24 for adults. $12 for children. Prices
      128 words
    • 229 9 Discover a whole new experience TAKE FIVE •W! r#r? j M. I 4 #«SK. C A ■■SUV 4 > A> i ii ~uw Pfi tr+ Jbe f. Relax over the finest drinks Savour the most tender juicy succulent steaks Enjoy stunning performances by top local international artistes Business Hours Mon
      229 words
    • 109 9 ooimeGs THE MOST WONDROUS BUFFET LUNCH IN TOWN Erfcw o ooum»t buO«t hjnctwon al an ungoum* priod For itartars. take your pick of our cokJ dbhes prawns on lea. trash oystars. smoked salmon, melon arxl dried ham. vegetable terrine.mtaed seafood salad, cooked assortad vagatabtes and homamade dressings Salact your mom
      109 words
    • 131 9 Yiioßl POPM** S 4 Show orn 1 HOT DISCO COUNTRY SENTIMENTAL POP ROCK* and you name it II Wong Singapore's very own Slim Whitman with country favourites and oldies. Happy Hours: 5-7pm Buy one get one free (except premium brands) CAIRNHILL HOTEL 19 Cairnhill Circle, S pore 0922. Tel. *****22
      131 words

  • SHARE INFORMATION
    • 4174 10 FOR THE FIRST TIME this month, a wide range of Malaysian shares became the focus of investors' attention at the Singapore stock exchange yesterday. As a result, several Ma-laysian-based blue chips and second-liners chalked up commendable gains in active trading. This was borne out by
      4,174 words
    • 218 10 SINGAPORE Rises Indicss AyarHftaaTai 500 50 7?1|» 7lJj« T>■«»«■' *****6ft615ft7ft916 Nat baa 478 24 IT Oft/OS +228 264 (MM 50* 396 +24 BTCAD4 -6285 4221 FwfaFIwi 366 +18 HOW +8545 +***** Jaroag tag 50< 334 8 ST fa famuli 824.54 888.48 «j0 ST Faaac* 1917.66 1928.18 4
      218 words
    • 3802 10 SECTION ONE INDUSTRIAL COMMERCIAL Aetna (I 625H5) 1.62(10) I 60 (3) 1.59 (14) 1.58 (2) 1.58 (3) 1 59 (28) 1.60 (7) 1.62 (23) I 61 Alcorn (0.606) (5) 0.61 (5) 061 Aim! Stool 50« (I 138 I.MS) (291) I II (1) 1.09 (49) 1.10
      3,802 words

  • COMPANY NEWS
    • 335 11  - D C Bank makes a M$67.8m cash call By LORETTA McLAUGHLAN FOLLOWING its plunge into the red last year, Development A Commercial Bank is, as expected, making a cash call (or M 167.8 million. DAC is proposing a rights issue of 113 million new shares at 60 Malaysian cents each
      335 words
    • 138 11 THE FORMER high-profiled chairman of Malaysian Bessarees Carp BM, Datuk Kee Yong Wee, has returned to his post following his defeat in the recent Malaysian elections. Datuk Kee left MRCB on his appointment as the Deputy Trade and Industry Minister. He had resigned as a senator to contest
      138 words
    • 282 11 PEGI MALAYSIA has disclosed that it made a profit of M 57.6 million from staggered sales of 3.539 million shares in BTR PLC in the London stock market. The sales were carried out during the financial year ended March 31, 1986, and
      282 words
    • 590 11 AIRLINE STOCK MAS was flying high at the Kuala Lumpur stock market yesterday and it led the Ust of major gainers. It closed a hefty 42 cents higher at M 53.62 with 784,000 shares changing hands. The rest of the market also closed higher
      590 words
    • 755 11 SHARES opened quietly mixed yesterday but with a firmer Mas on the last day of the long three-week account. At 0817 GMT, the FTSE 100 Index was 1.9 up at 1.638.7. On Thursday, the FTSE 100 Index closed at 1.636.8, while the FT 30 Index ended at 1286.4.
      755 words
    • 436 11  -  By HOMER CHEN PEAK HUA INDUSTRIES BHD has made a surprise announcement that certain undisclosed financial institutions are taking legal action against the company to recover M 515.8 million in credit facilities. Peak Hua manufactures and trades in building materials and is
      436 words
    • 363 11  -  By NAJEEB JARHOM AMIDST the spate of better interim results from a host of local companies, Sing Investments k Finance Ltd has reported a big 48.3 per cent drop in group pre-tax profits to $1.4 million in the first half against $2.72 million
      363 words
    • 259 11 MBT PAN MALAYSIA Rubber Industries (PMRI), a member of Malayan United Industries (MUI) group, is carrying a paper loss of some M 526.3 million on its quoted shares. At the March 1986 year-end, the group had quoted investments in the
      MBT  -  259 words
    • 2522 11 MDUSTIttLS Alcaai (726) (3) 73 (8) 71 (8) 72 AISS (676 695) (8) 65 (32) 66 (5) 66V* (25) 67 (I) 68 API (768 775) (15) 75 (3) 74* (2) 75* (12) 76 (4) 77 xd ASM (1356) (154) 132 (235) 133 (9) 131 (82)
      2,522 words
    • 105 11 HONGKONG Hongkong Indox Friday 1199.84 Thursday 1212.82 Wnk ogo 1216.96 Hong Song Indox Friday 1913.00 Thursday 1934.20 Wnk ago 1946.03 TOKYO Nikkoi Avorogo Friday ***** 68 Thursday *****.87 Week ogo *****.31 TSE Indox Friday 1526.73 Thursday 1515.37 Week ogo 1544.13 SYDNEY All Ordinorios Friday 1192.3 Thursday 1183.3 Week
      105 words
    • 222 11 Monog«rs' pricos for Aug 30 Sep 1 Singapore Unit Trust Th* CM—w 0 88 0.95 The Saving* Fund 0.79 0.85 S'por* Prog Fund 0.36 0.40 S'por* S*c Fund 0.60 0.65* S'por* InvMt Fund 0.61 0.66 S'por* Equity Fund 0.43 0.47 Asia Unit Trust Mol lnv«»t Fund 1.21 1.30
      222 words

  • 416 12  -  Doubts over eventual completion of Chinatown Centre Point By ELAINE KOH THE DEVELOPER of Chinatown Centre Point was wound up in the High Court yesterday, leaving in its wake a half finished building with a question mark over its eventual completion. Ho Kok Cheong's People's
    Photo by WAN SENG YIP  -  416 words
  • 144 12 A SUGGESTION to make it easier for people who are Joint flatowners with their parents to withdraw from the arrangement and apply for their own flats was made by the MP for Leng Kee last night. Under the current practice, the Central
    144 words
  • 400 12 FIRST DEPUTY Prime Minister Goh Chok Toag leaves tonight (or Europe to meet European political leaders and to promote investments in Singapore. Mr Goh's three-week official trip to the United Kingdom, the Netherlands, West Germany and France is the latest in a series of visits
    400 words
  • 334 12 The following roport and table Is a wookly service provided by BT for investors. It highlights tho outstanding porformors and ths biggmt losars among tho 71 trustoo sharos that qualify for tho CPF Approved Investments Scheme. IT WAS another moraleboosting week (or trustee shares as investors continued
    334 words
  • 177 12 Stock Price* on Price on Price on Weekly May 2 Aug 22 Aug 29 Change change RISES I Singapore Land 2.14 4.78 5.35 150.0 National Iron 2.42 4.36 4.78 +97.5 Cham Ind 1.53 2.80 3.20 109.1 S Financc 1.06 1.60 1.96 +0.36 +84.9 FELS 1.70 336
    177 words
  • 180 12 Reuter HUTCHISON Whampoa Ltd would have better remits for calendar 1986 than the previous year, despite only 1.5 per cent growth In first-half profits, rh«hm«n Li Ka-shing said. The company yesterday reported operating profits for the six months ended June 30 of HK$53O
    Reuter  -  180 words
  • 189 12 Reuter SWIRE PACIFIC Ltd has reported lower first-half operating earnings but expects a significant rise in second-half profits. It said in a statement yesterday that it expected the rise due to substantial gains in its property operations as well as strong growth in
    Reuter  -  189 words
  • 104 12 Reuter TAIWAN plans to lower import tariffs on 1,200 foreign products, including cars, television sets, shoes and cosmetics. An economics ministry official said yesterday that the aim was to cut Taiwan's huge surplus with its trading partners, especially the US. The surplus rose
    Reuter  -  104 words
  • 296 12  -  By ZHOU MEI SINGAPORE'S recent offer of tax concessions to international companies setting up regional headquarters in the Republic has attracted SVP South East Asia, an information services company, here. The company, wholly-owned by Online Advanced Systems and Integrated Services (Oasis) of Malaysia,
    296 words
  • 104 12 Reuter COMEX GOLD FUTURES, after a delayed opening, came in firm yesterday morning on buying generated by a rally in platinum to new six-year highs. Gold far delivery in December gained US$3.6O at U*****.60 an ounce, surpassing Thursday's high of U*****40. Analysts said the market was
    Reuter  -  104 words
  • 69 12 Reuter WALL STREET stocks moved slightly higher yesterday after an initial decline at the opening bell. Traders said investors are still optimistic that the current wobbly economy can turn around. The Dow Jones Industrial Average rose six points to 1906, about three points from the record close
    Reuter  -  69 words
  • LATE FILE
    • 57 12 Bernama THE Malaysian High Court yesterday allowed an appeal by Perils Plantations Bhd against the rejection of its application (or summary Judgment (or the return of MJ4.2 million it claimed it had advanced to businessman Mohammad Abdullah Ang. The court ruled that Mohammad had not come
      Bernama  -  57 words
    • 35 12 Reuter COMPANIES in 16 cities throughout China have been (reed (ram state or communist party control in order to improve the country's inefficient management system, said the People's Daily overseas edition yesterday.
      Reuter  -  35 words
    • 37 12 AP THE 40-natkm conference on disarmament ended its summer session in Geneva yesterday with the chief apokesman saying East-West differences over chemical weapons have narrowed and the climate of the talks has improved. AP
      AP  -  37 words
    • 37 12 Reuter PRESIDENT Corasoa Aquino yesterday called for an urgent meeting between the government and communist rebel envoys following a guerilla smhnsh in the southern Philippines on Wednesday in which 20 people were killed.
      Reuter  -  37 words
    • 58 12 UPI THE US air force said yesterday that it will begin action to recover between US$4OO million and US$5OO million in potential cost overruns (rom Lockheed Corp. But the company says the Halm is "totally laddi* in msrit". The alleged cost overruns involve the production
      UPI  -  58 words
    • 47 12 AP THAI Piwutet Pmn TlnsuIsnowrta Mid yesterday that his new |ovcrnnicnt will cob* time to give main priority to alleviating rural poverty. Bangkok has set a budget of 15.1 billion baht for the fiscal year beginning Oct 1 to help farmers. AP
      AP  -  47 words
    • 33 12 AP SOUTH KOREA will establish a US$34O million fund to help finance imports by developing countries of Korean goods and services, said the Economic Planning Board yesterday. AP
      AP  -  33 words
    • 28 12 Reuter AMERICAN ambassador Herman Nickel will end his posting in Johannesburg in October. It is not known who will replace Mr Nickel
      Reuter  -  28 words
    • 35 12 Reuter TWO experts on volcanoes said yesterday that further explosions of toxic gas were possible in north-west Cameroun following the disaster last week which killed more than U5OO people. Reuter
      Reuter  -  35 words
  • 209 12 DBS BANK paid $10.8 million yesterday to acquire 6.15 million shares in National Discount Company Ltd, making the latter a wholly-owned subsidiary of the bank. DBS said yesterday it has also injected an additional $13 million into the discount company, raising its issued and paid-up capital
    209 words
  • 303 12 NST YK FUNG Securities Sdn Bhd at Ipoh was yesterday ordered by the Ipoh High Court to furnish further particulars in its statement of defence to James Capel (Far East) Ltd, a Hong-kong-registered securities firm trading in Singapore. The two securities firms are engaged
    NST  -  303 words
  • 162 12 Bernama MCA DEPUTY PRESIDENT Datuk Dr Ling Liong Sik said he would report to the party's central committee as soon as possible on his meeting with party president Tan Koon Swan in Singapore yesterday. He said he and secretary-general Datuk
    Bernama  -  162 words
  • 246 12  -  in Manila By LOH HUI YIN ASEAN economic ministers who wind up their annual three-day meeting today have agreed on concrete measures, including a Singapore proposal, to step up intra-Asean trade. New initiatives to expand economic cooperation which will be put forward for discussion at
    246 words
  • 251 12 NEXT YEAR'S two-day summit of Asean heads of government in Manila will be preceded by a meeting of their economic and foreign ministers who will hold their own separate but simultaneous meetings on July 6 and 7. On
    251 words
  • Page 12 Advertisements
    • 195 12 BEDFORD BERHAD (Incorporated in Malaysia) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the SIXTY-SE-COND ANNUAL GENERAL MEETING OF BEDFORD BERHAD will be held at the Registered Office of the Company. Standard Chartered Bank Chambers. Beach Street. ***** Penangon Monday. 15th September 1986 at 12.00 noon for the following purposes:1.
      195 words
  • Page 12 Miscellaneous
    • 54 12 Outlook: Showors in lot* morning ond oorty oftornoon Report for 24 hours prior to 7.30pm on Aug 29 ot tho oirport: Maximum tomporoturo 32.1 Ifci ■>!■# i i XK AiiocKiTfo numlorry Ow Minimum tomporoturo 24.7 A»ociotod humidity 93 Hours of sunshino 3.50 Rainfall in millmiotros troco RoinfoH this month 90.0
      54 words