The Business Times, 27 September 1986
1986-09-27
1
12
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The Business Times
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Title Section12 1986-09-27 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, SEPTEMBER 27, Ittt 75 CENTS12 words
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Article, Illustration601 1986-09-27 1 ELAINE KOH - Banks obtain injunctions in Singapore, Malaysia and Hongkong By ELAINE KOH TEN CREDITOR banks of the Promet group have obtained interim injunctions against most of its companies preventing them from disposing of their assets. The injunctions were obtained in Singapore, Malaysia and Hongkong over601 words
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293 1986-09-27 1 BOEY KIT YIN - By BOEY KIT YIN DEBT-RIDDEN South Union, one of the oldest rubber trading companies in Singapore, will face a winding-up petition in High Court next Friday. The petition was filed by a local company Hatari (F E) Co Pte Ltd on June 2.293 words
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Article221 1986-09-27 1 Reuter THE INDIAN government yesterday gave large businesses and foreign companies free rein to expand production capacity as part of a bid to boost exports. "The government has decided to allow industrial undertakings to produce freely in excess of their licenced or registered capacity ifReuter - 221 words
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160 1986-09-27 1 Reuter COMMONWEALTH finance ministers have resolved in Castries, St Lucia, to press industrialised nations at next week's IMF meeting in Washington to do more to promote global economic expansion and find more funds for Third World debtors. But the 45 CommonwealthReuter - 160 words
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Article161 1986-09-27 1 AFP HONGKONG'S blue-chip Hang Seng index yesterday roared to a new high of 2,034.36 on rampant buying spurred by good interim results from local trading flagship Jardine Matheson. Yesterday's leap of 22.66 points put the Hang Seng's total gain during the week at 106.54 points.AFP - 161 words
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Article, Illustration52 1986-09-27 1 CALM BE.IUINED Is Hp 9mMkratag Iks ftiiHsas twe seerisas §t mederate sailing cwei by fears sver the fate Federal CaMes aad warrftea ever heavy withdrawals tram seme MalayTrading was jaftet wttk 14M ■dUtaa *aies valaed at $MJt ■rim— <*—&§ •gf"*' Tharaday*s 11.53 nlffisa shares warth $3&£B nailllsa. The52 words
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Article, Illustration406 1986-09-27 1 NST BUSINESSMAN-turned-politi-cian Datuk Alexander Lee Yu Lung has proposed to sell his entire 64.1 per cent stake or 86.96 million shares in Roxy Electric Industries (M) to businessman Dr Chan Chin Cheung of Sime Darby fame, for aNST - 406 words
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437 1986-09-27 1 AN UNNAMED AUSTRALIAN consortium is studying the feasibility of buying over 90 per cent of Emporium Holdings' Singapore operations and 62 per cent of its Malaysian business. This was disclosed by Emporium Holdings in the High Court yesterday as part of an437 words
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Page 1 Advertisements
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Advertisement172 1986-09-27 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM A HHM rPm RmSBBKMUmEHH W> I 1 1M > /ftIZUIO 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 for172 words
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Advertisement270 1986-09-27 1 Third World to urgo industrial nations to cut ratoa, Pago 3 mm SHARE INFORMATION MONEY EXCHANGES RAW MATERIALS SHIPS IN PORT CROSSWOROS TV RADIO OW OUR VIEW THERE ARE MANY advertisements out there which all but insult the good sense of intelligent TV viewers. We take issue with some of270 words
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Advertisement7 1986-09-27 1 "||[{][%+%^!=!"]-\`|!^\`.<!&~+| PUT ON A CROCODILE. WEAR A LEGEND7 words
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Advertisement73 1986-09-27 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM A problem of six spades USING ONE OF THE techniques of trump management, how would you, as East declarer, make the six spades controct? This is MIKE THUMBA s challenge to bridge players on Page 6. Mike gives some odvice on how to manage73 words
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HOME NEWS
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595 1986-09-27 2 GOH YEE LING - By GOH YEE LING AUSTRALIA's Big Rooster fast food chain has said that its Singapore franchisee may, with approval, sell the franchise. But the buyer must be prepared to cover the whole region Singapore, Malaysia, Brunei and Indonesia. Cookmate Pte Ltd, the local595 words
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288 1986-09-27 2 ANNA TEO - By ANNA TEO MR K C Heng is changing shoes. After six years as director and regional manager of New Balance Singapore, Mr Heng is leaving to run his own business, which will market Etonic athletic shoes. His business, Casey and Nepfew (Marketing)288 words
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Article, Illustration155 1986-09-27 2 WHAT will they think of next. First, manufacturers introduced hot lunches which you did not have to heat up. Now, Philips has come up with an ice-cream maker that makes ice cream without the need for ice. The Philips Ice-Cream Maker's star feature is a155 words
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Article, Illustration296 1986-09-27 2 THE FEEDBACK on Singapore and Asia as a tourist destination has been positive and excellent, says Mr Francis Goranin, the new chairman of the American Society of Travel Agents (Asta). He was speaking at a press conference yesterday at the Raffles City Convention Centre296 words
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Article247 1986-09-27 2 THE IMPACT of information technology on business is the theme of a symposium organised by the local chapter of the International Association of Students in Economics and Management, known by its French acronym, Aiesec. Aiesec Symposium '86, which is to be held at the Westin Stamford247 words
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Article, Illustration242 1986-09-27 2 PAUL BRYAN-TATHAM has been appointed the business development manager of Scicon International's representative office in Singapore, a whollyowned company of British Petroleum Company. A graduate in mathematics from Hull University in the UK, Mr Bryan-Tatham has held a senior managerial post in the company for 12 years.242 words
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258 1986-09-27 2 UNWANTED new doors for Housing and Development Board flats would not be wasted so much with a pilot scheme to give some flat buyers the choice of having units without interior doors. Discarded doors are a common sight at some new housing258 words
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Article67 1986-09-27 2 THERE IS to be more sport on Channel 12 of the Singapore Broadcasting Corporation's television under a revision of its schedules. From Oct 13, transmissions will begin earlier at 7.30pm. Documentaries, good quality dramas, comedies and family programmes will be scheduled at 7.30 pm. Cultural67 words
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Article, Illustration776 1986-09-27 2 LUCY NG - By LUCY NG A LOUD SOUND "like thunder" was heard as the Hotel New World tilted towards Owen Road and then collapsed, the Commission of Inquiry heard yesterday. A bellhop with the Hotel New World, Mr Ayoob bin Mohd Thambi, said:776 words
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Article899 1986-09-27 2 AT CONVENTIONAL WHARVES VmmI Sacth Arrival Dapartura KEPPEL WHARVES Aconcogua K29 atonguda 27.9/0600 Akn K10 atongwd* 27.9/0700 Cord Echaan K16 akmgud* 27 9/0700 Crikvonico K17 atonguda 27.9/1500 Lampung K11A atongsid* 27.9/0900 Oniahy K28 atoogMd* 27.9/1100 Auby K25W 27 9/1300 289/1500 Forthbank K9 27.9/0100 29.9/1200 fcn Bottotah K16899 words
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Page 2 Advertisements
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Advertisement10 1986-09-27 2 WORLDWIDE EXPRESS Prompt pickup and delivery 24 hours a day10 words
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ASIA-PACIFIC
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479 1986-09-27 3 Reuter THE HOUSE of Representatives has approved and sent to the Senate for final congressional passage a radical overhaul of US income tax law, a measure viewed by President Ronald Reagan as his top domestic priority. The House passed the bill byReuter - 479 words
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Article823 1986-09-27 3 ARRIVALS DEPARTURES rotor Sirnci Local time From Operator Sorvico number Local tiilM For MAS MH671 0920 KUL MAS MH681 0900 KCH CAL 0806 0930 HLP SIA SQl 2 0900 NRT/LAX SIA SQ103 0950 KUL CAL ◦820 0900 BKK/HKG/TPE CPA CX710 1015 CGK JAL JL615 0905 KUL MAS823 words
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Article553 1986-09-27 3 More soft-loan funds expected from Japan, Italy and Netherlands AP MORE THAN US$l2 billion may be available for easy-term World Bank loans to the poorest countries over a three-year period beginning next July 1. Moeen Qureshi, a senior bank vice-president, said on Thursday that threeAP - 553 words
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Article119 1986-09-27 3 AFP INTERNATIONAL response to a limited new proof issue of Australian gold coins had been so strong that measures have been taken to reserve half the issue for Australians, dealers said. There had been particularly keen interest in the United States, Japan, Britain, Switzerland and West Germany,AFP - 119 words
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353 1986-09-27 3 Reuter THIRD WORLD countries plan to call on industrial nations to cut interest rates to boost the sluggish world economy, delegates said at a meeting of the Group of 24 developing countries. The delegates were considering a draft statement to presentReuter - 353 words
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234 1986-09-27 3 UPI ONE OF Thailand's largest state companies refused a US$5.7 million loan from the US Agency for International Development (Aid), citing the need for self-sufficiency of state enterprises and a reduction in the foreign debt. The decision by the government's provincial water worksUPI - 234 words
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Article395 1986-09-27 3 Reuter A TOP US official has rated the possibility that Washington might not come to the defence of New Zealand in the event of attack because of Wellington's anti-nuclear policy. Deputy Assistant Secretary of State James Lffiey, testifying before a foreign affairs subcommitteeReuter - 395 words
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Article122 1986-09-27 3 Reuter NEW ZEALAND has allocated NZ5119.7 million for aid to developing countries for fiscal 1966/87 ending March compared with NZ$95.l million the preceding year. Prime Minister David Lange said in a statement the allocation was about 0.28 per cent of gross national product (GNP)Reuter - 122 words
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228 1986-09-27 3 Reuter JAPAN'S unadjusted consumer price index (base 1985) fell 0.2 per cent in August to 100.2 from the month earlier, the government's Management and Coordination Agency said. Consumer prices had fallen 0.3 per cent in July. But compared with a year earlier theReuter - 228 words
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Article, Illustration74 1986-09-27 3 A ROBOT crawls up the surface of a building in a recent demonstration by Japanese government engineers who developed the world's first spider robot at the Ministry of International Trade and Industry's mechanical engineering laboratory in Tsukuba. The four-legged robot has eight suction discs and74 words
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Page 3 Advertisements
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Advertisement59 1986-09-27 3 ~P TT\/ T The business person's choice, every I I II \I I If II I Tuesday, Thursday, Saturday and I 1 I %l I M 1 §I Sunday. Leaving Changi Airport at I Jy yj_ 22:00 hours and arriving at Heathrow at 06:50 hours the following morning. Call Air59 words
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Advertisement279 1986-09-27 3 Golden Phoenix Sichuan Restaurant years of experience inSkfmm aasme r* s s (ft As the first Sichuan restaurant, we are still keeping the high standard of cooking and service. Thus, earning us the reputation of preparing the best Sichuan cuisine in Singapore. Over ever popular Sichuan specialities Smoked Duck, Chicken/Prawns279 words
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REST OF THE WORLD
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392 1986-09-27 4 UPI THE NEW ROUND of international talks designed to reduce trade barriers and open world markets will be "the most ambitious trade negotiations" in history, says the American Trade Representative, Clayton Yeutter. "We have a window of opportunity to achieve things inUPI - 392 words
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Article392 1986-09-27 4 Reuter US ENERGY Secretary John Herrington said low prices had caused demand for oil to rise and had led to a drop in production within the US which could threaten the security of its supplies. Mr Herrington, in a speech in Vienna, cited figures suggesting thatReuter - 392 words
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198 1986-09-27 4 Reuter AFP AN OIL PRICE of US$l5 a bar- 1 rel might offer some world financial stability in the medium I term, the Bank of England said t in its quarterly bulletin. 1 "In the short term a lower 1 price would causeReuter; AFP - 198 words
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210 1986-09-27 4 AP A UNITED NATIONS expert panel has announced agreement on a global computer language for the processing of trade transactions that is intended to spur trade by reducing paperwork and cutting the cost of customs and other formalities. The agreement capped a decadeAP - 210 words
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232 1986-09-27 4 UPI THE BRITISH ECONOMY Is undergoing a substantial transformation, stockbroker and analyst Phillips and Drew said in a new economic forecast. Inadequate growth has marked recent months and imminent recovery would turn into overheating around the turn of the year, Phillips andUPI - 232 words
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441 1986-09-27 4 AP THE STATUS of Berlin and the issue of East-West trade relations were major hurdles in t»iirs this week in Geneva between the European Community and the Soviet-led Comecon bloc. An EC source said on Thursday one problem at the threeday talks that beganAP - 441 words
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RAW MATERIALS
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Article139 1986-09-27 4 Chinese Produce Exchange Sedan' noon doting prices on Sept 26 (SS/100 kg). Coconut oil Bufc FOB 40.00 Old drum FOB 53.00 Now drum FOB 57.00 Copro Mixed (loose) 19 buyers Pepper Muntok White FOB NLW 1422.50 Sarawak White FOB faq NLW 1407.50 Sarawak special block FOB NLW 925.00139 words
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Article99 1986-09-27 4 (c*ntt/kg, 1-ton poltots) Q£y g£ NOV 86 (currant month) (forward month) NOON NOON RAS SsNcri luytfs SSR 20 173 00 175.00N ***** 175 50N SSR 50 170 00 172.00N 170 50 172.50N MRELB Buy«r* S#Mocf luyin S*(krt SMR CV 271.50 273 50N 272.50 274 50N SMR L99 words
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Article100 1986-09-27 4 THE PRICE «(tiiNthe KuU Lam par Tla Market fell six eeats to M114.M a kg la qalet tradiag yesterday. Tke market was affected by eeatiaaiag lack ef Earepeaa baylag, dae to earreacy factors. Sterliag's weakaess agalast the rtagglt eeattaaed to keep the leeal market at a premiam ever100 words
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Article98 1986-09-27 4 OIL PRODUCTS FUEL OIL and kerosene continued to weaken on the East Asian petroleum products markets yesterday as nearby supplies outstripped current demands. Naphtha was quiet and unchanged with many traders holding off from business until next week. Closing prices for crude (fob origin) US$/barrel Change Dubai (Nov) 13 2098 words
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Article190 1986-09-27 4 MALAYSIAN crude palm oil prices closed lower yesterday on pre-weekend selling and some profit-taking in sympathy with weaker palm oil futures. A lower Chicago soyoil futures close weighed on prices, and prices fell in spite of reports that India had bought 24,000 tonnes of RBD palm olein for190 words
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Article151 1986-09-27 4 SOYBEAN FUTURES on the Chicago Board of Trade closed 4V« to two US cents a bushel lower on Thursday. Uncertainty over nearterm price direction prompted improved two-way trading after a subdued start, but there were few large-lot dealings. Follow-through selling from Wednesday night's weak close, and reports of drying151 words
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Article215 1986-09-27 4 WHEAT FUTURES on the Chicago Board of Trade closed two US cents a bushel down to unchanged on Thursday. Futures opened lower in line with weakness in corn and soybeans and on a bearish interpretation of Wednesday's sale of 200,000 tonnes of French wheat on credit to Tunisia, floor215 words
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Article636 1986-09-27 4 COFFEE Robusta futures closed between £68 and £78 down on Thursday and near lows for the day after a mainly technical sell-off in the absence of fresh news. A sharply lower New York close gave rise to stale bull liquidation and profit-taking in the morning amid a general636 words
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Article349 1986-09-27 4 SINGAPORE The market closed higher yesterday with October One RSS buyers quoted at 156.00 cents per kg, up one cent from Thursday. The morning session gained 1.50 cents on some covering and speculative interest in moderate trading, with firmer Japanese advices aiding sentiment. The morning's rise was pared slightly349 words
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Article377 1986-09-27 4 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 195 00 196 00N 195 00 196 OON Int 1 RSS Oct 86 195 00 196 00 195 00 196 00 Int 1 RSS Nov 86 194 50 195377 words
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Article65 1986-09-27 4 Bangkok (US$/to«M, FOB) White Rice 100% 1st doss 255 100% 2nd clou 220 100% 3rd dou 215 5% 205 10% 200 15% 195 20% 185 25% 175 35% 175 Broken Rice A-1 Super 128 A-1 Spcciai 125 C-l Special unq C-l Ord unq Loonzain Rice 100% 1st grod* 100%65 words
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Page 4 Miscellaneous
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Miscellaneous54 1986-09-27 4 Doonesbury YO/R5 HAVING TFOU- YOU Bit WfTHMORZ THAN BCTI'M JUST THB HAIRCUT, HAVING J AR&fT YOU, MIKB* TROUBLE* m EE t 9* u 'IhU'J a?- ,-:n :m>'/ w? 3 1 r m K BY GARRY TRUDEAU wmm m 4 1 w,v Wi JUST EVERYTHING ABOUT YOU. AH, SO TH&& V.54 words
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BANKING AND FINANCE
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Article894 1986-09-27 5 SINGAPORE: The US dollar closed mixed against most major currencies yesterday after fluctuating within a narrow range in quiet trading due to lack of fresh factors. Dealers said most operators were reluctant to establish large positions due to uncertainty over the short-term direction of US interest rates and894 words
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Article250 1986-09-27 5 Interbonk rotes of 3pm yesterdoy: CurrancM* Local dollars to one unit ol foreign currency Nominal rttM Si Off** ci HMmomwi roas parity cftong* US dollar Sterling pound Austrohon dollar NZ dollar Conadian dollar 2 1725 3 1142 1 3643 1 0558 1 5623 2 1735 3 1178 1250 words
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949 1986-09-27 5 AMONG POPULAR catchwords which have come into vogue recently is deregulation. In banking, the word refers to removing controls on interest rates so that they reflect market conditions better and a liberalisation of the banking system to allow the use of more instruments and949 words
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Article304 1986-09-27 5 HONGKONG: The metal closed firmer in fairly active trading yesterday on local short covering and physical demand, though late overseas selling took it off its high. There were no fresh factors in the market, and much would depend on the outcome of the group-of-five meeting in Washington later in304 words
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Article, Illustration323 1986-09-27 5 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels in quiet trading yesterday. Period rates ended little changed at the morning's level of 6-1/8 6 per cent for one month, 6-1/16 5-15/16 for three and six months and 6-3/16 6-1/16 for one year. Among short-dates, weekend closed unchanged323 words
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Article481 1986-09-27 5 BA Futures AFTER OPENING three ticks lower at 93.97, the December EarwMlar drifted lower to 93.94 yesterday. Trading remained nervous with traders staying on the sideline, awaiting the outcome of the G-5 meeting for further direction in interest rates. Liffe session saw the market still remaining nervous and sidewaysBA Futures - 481 words
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Article123 1986-09-27 5 THE OVERNIGHT rate on the Singapore interbank money market closed at 4-1/8 per cent yesterday, up 3/8 point from Thursday. The one-month term rate rose by 5/16 point while the two and threemonth rates rose by 3/16 point each. S$ Interbank rates at 7pm yesterday: OHer BhI Overnight123 words
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267 1986-09-27 5 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent THE BANKING and insurance sectors are crossing over into each other's territory, with yet to be known consequences, said American insurance executive Peter Barnes Wedgewood yesterday. Speaking at an investment and leasing conference, Mr Wedgewood said: "At no267 words
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469 1986-09-27 5 Reuter JAPANESE BANKS have expanded their presence significantly in the international hanking arena in London over the past 10 years, while US banks' share of the market has diminished, the Bank of England said. In a review of London's international banking activity over the decadeReuter - 469 words
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290 1986-09-27 5 Reuter SOUTH KOREA is rapidly cutting back new borrowing and plans to stop seeking the large loans it used to take up regularly. State bank officials said Seoul did not envisage seeking any major loans of any kind for the rest of thisReuter - 290 words
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Page 5 Advertisements
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Advertisement185 1986-09-27 5 OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NAME We. M/s Sim Hill Tan of 70 Shenton Way #15-01 A Marina House Singapore 0207, solicitors for M/s Prosperity Five Enterprise (Private) Limited of 7500 A Beach Road The Plaza Singapore 0719 hereby give notice that in consequence of our clients' intention185 words
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Advertisement185 1986-09-27 5 OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NAME We, M/s Sim Hill Tan of 70 Shenton Way #15-01 A Marina House Singapore 0207, Solicitors for M/s Prosperity Five Enterprise (Private) Limited of 7500 A Beach Road The Plaza Singapore 0719 hereby give notice that in consequence of our clients' Intention185 words
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Advertisement107 1986-09-27 5 Jilt ANA HOTELS SINGAPORE LTD. The directors announce the unaudited results of the Company for the six months ended 30th June 1986. 3. LOSS per share 5.51 cts 2.54 cts 116.78 CURRENT SECOND HALF YEAR Although statistics from the STPB showed an increase of 2.8% in tourist arrivals as compared107 words
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TIME-OFF
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Article502 1986-09-27 6 IT WAS A CASE OF "a nasty job but somebody's got to do it". The queue outside the Brand Manager's office numbered 16 nubile girls, each with clear skin, a pretty face, bright eyes, hair long enough to be piled up and a pair of502 words
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Article, Illustration755 1986-09-27 6 MONICA GWEE - By MONICA GWEE THE TOOLS were Chinese but the music playing inside Chen KeZhan's head as he painted was European opera, notably Don Giovanni and Madame Butterfly. So the Chinese ink and mineral paints that splashed so delicately over the rice paper in755 words
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Article274 1986-09-27 6 SPECTATORS who lingered on after Thursday's Asian Games swimming races had ended might have wondered if they were being asked to do a bit more for Seoul's campaign for tidiness. The scoreboard flashed this message: "Tomorrow's swimming races begin at 9am. Please clean the pool." Apparently,274 words
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Article1133 1986-09-27 6 What's on from Sep 27-Oct 3 HhmM CONCERT: SSO Features Gabriel Tacchino. Victoria Concert Hall. 8.15pm. Programme: Weill's symphony no 2, Saint-Saens' concerto for piano and orchestra no 2 in G minor, op 22 and Ravel's Bolero. Tickets at $4, $7, $10, $15 from usual booking centres. EXHIBITION: Wu1,133 words
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Article, Illustration122 1986-09-27 6 FRENCH ARTIST Jean-Philippe Jenere will have his paintings, glass sculptures and lithographs exhibited for the first time in Singapore from Sep 29 to Oct 1. Jenere is interested in the tactile and luminous qualities on metals. In 1968, he invented the metallic postcard which122 words
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Article, Illustration407 1986-09-27 6 Mike Thumba - LH@ Jfcl Mike Thumba Problem: Using one of the techniques of trump management, how would you as declarer, make the six spades contract? Send your answers to Mike Tumba, c/o Business Times, 390 Kim Seng Road, Singapore 0923. Please state your name, address,407 words
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SPORTS
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Article596 1986-09-27 7 BRIAN MILLER - By BRIAN MILLER JOCKEYS Mark Sestich and K C Ng will renew their rivalry for the Jockey's championship in Kuala Lumpur this afternoon and, if anything, I see them going into Sunday's races tied with 31 wins apiece. As of today, each has 29596 words
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196 1986-09-27 7 Reuter BETSY NAGELSEN ended an all-round bad day on Thursday with a second-round elimination at the hands of struggling fellow American Mary Lou Piatek at the U5575,000 Tulsa Women's Tennis Tournament. The unseeded Piatek's 6-4, 7-5 victory over third seed Nagelsen was onlyReuter - 196 words
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Article, Illustration681 1986-09-27 7 AFP THE LONGED FOR showdown between Australian Greg Norman and Spain's Severiano Ballesteros to determine the world's leading golfer must wait. Ireland wrecked the possibility of a Dunhill Cup semi-final shoot-out between golf's two biggest guns by upsetting sixth seed Spain in the first round ofAFP - 681 words
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Article, Illustration406 1986-09-27 7 AP A WORLD CHAMPION Chinese table tennis team was upset by South Korea for the second consecutive day on Thursday, this time in the women's team gold medal series at the Asian Games. The Korean women crushed China 3-1 one day afterAP - 406 words
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212 1986-09-27 7 AP CHINA extended its gold medal winning streak to five in the weightlifting competition on Thursday when Cai Yanshu won the 75-kg class event with apparent record-equalling performance at the Asian Games. Cai easily lifted 145 kg and 150 but gaveAP - 212 words
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Page 7 Miscellaneous
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Miscellaneous1255 1986-09-27 7 to (md mm Bcine showcase Savan Days In May 9pm, Channel 12 A Marine Corps Colonel accidentally discovers a plot to take over the government by a high-ranking General and some top military officers. He reports this to the President, who immediately commissions his Chief Executive for the job. He1,255 words
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Miscellaneous20 1986-09-27 7 BriStcW: ftanicDicfceiS *my s tl idUi 4d 61 m 8 lADO^^cm.UD^, N/OVJ *€*LLV UNDtß^ANr^^ OU)N P TH€l SUBJCTT rTHe SUBJCCT.20 words
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Miscellaneous784 1986-09-27 7 —J CRYPTIC PUZZLE ACROSS 9 It's than that I mwt trouble (2, 3, 4) 10 "Before," I pot in, "having a drink" (8! 12 Don't leave shore (4) 13 Go up and whan at a hundred stop (6) 14 Th« weight's been put back? Rot! Poppycock! (7) 15 More often784 words
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INTERNATIONAL STOCKS
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Article295 1986-09-27 8 Reuter THE INTERNATIONAL Federation of Stock Exchanges is developing a programme to promote closer regulatory links in view of the rapidly increasing volume of international securities business. Federation president Sir Nicholas Goodison said on Thursday that scope (or cooperation was in areas such as technical, information andReuter - 295 words
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150 1986-09-27 8 Reuter THE AMERICAN Securities flnri Exchange Commission has charged representatives of Shearson Lehman Brothers Inc and Stein Roe and Farnham with defrauding clients, including Teamsters Union pension and welfare funds. Shearson and Stein Roe were also charged in an administrative complaint withReuter - 150 words
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314 1986-09-27 8 Reuter PRICES closed lower In moderate trading on the New York Stock Exchange on Thursdsay. The Dow Jones Industrial Average (ell 34.73 to 1768.56. The New York Stock Exchange Composite Index fell 2.29 to 133.71. The price of an average share decreased 63Reuter - 314 words
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Article111 1986-09-27 8 str 25 Ab«t*. a 24*4 Imp CM O A tnco Int Prov Pipe 46* 18* 41* unch Alcan Alum 43'* -lv. Atgomo Stt 13* Bonk Novo Scotia 15* unch 36* Bank Of Montreal Bel Canada 32* 37* Mofcon A Moore Corp 25 29 Broscon OA Comptol Lake 28 28*111 words
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Article189 1986-09-27 8 145 6oe 1425 A Alpha Abercom Aeo nooe 280 1425 -5 25 Anglo* Angvoal MININGS 6750 ***** unch 25 +10 Byvoor 2400 -100 2100 BuHeh ***** unch Charter 1650 CNA Cume Frtonce 290 500 inch unch Con* Gold Con* Murch De Beers 3425 1300 3275 -100 inch 50 Fed189 words
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Article463 1986-09-27 8 scr 25 US$ F rest one Tin 24* 13^ -H Natl Dnt Cherry 40* 7* -2 16* NCR Corp 46V -1* AJcon Alurrxn 31 V 60V -V Alcoa 36 V NortoSi 78V IV Alea hrrrt 20 V -V Afced S«g 40 h 19* Afcs-Chalmers 2V V 33* On463 words
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Article868 1986-09-27 8 Amsterdam SEP 25 Fh ABN 554 50 2 5 A*goo 99 50 -1 AKokj 94 50 -0 3 149 00 -08 152 30 02 AM£V 77 50 +09 95 20 -15 129 00-05 38 80 +0 5 163 50 0 5 121 00 +1 Buchrmon Tett«cod« 202 00868 words
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Page 8 Advertisements
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Advertisement519 1986-09-27 8 fate w wio«. aui« and cuKdaid From 16 August to 30! yourself on the very bes Matsuzaka Beef. Select from our Hst of Itquor avanaDte in full bottles at very reasonable prices CMv»»*ga> Stow Jomr** Matter $00 00 Buck UOf OW Parr $M 00 t Km* Maron VSO* SKM MarteM519 words
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Advertisement129 1986-09-27 8 London stocks on Pag* 11 That's how we count at The Lounge during our Happy Hours from 5 pm to 7 pm daily When a guest has had two similar drinks, the third is free. And every night at 8 pm except Sundays. S VTB Wizard comes on with its129 words
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ASIAN STOCKS
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Article348 1986-09-27 9 HONGKONG: Share prices yesterday rose sharply in late trading, pushing the Hang Seng Index to a record for the third consecutive day, brokers said. Turnover was HK5582.07 million against Thursday's $676 million. A surge of late orders from local investors pushed up the index 22.66 points to 2,034.36. The348 words
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Article253 1986-09-27 9 S£P 26 AM Smear* Indus Asia Cement Cathay Cons Chang Hwo Bank Chang Loong MT 1 56 23 60 32 20 38 10 2620 unch unch -03 -08 0.2 Kuochon Oev Lm Chang Yuen Chem Indus Lien Hwo InAis Nan Y a Plos Pacific Cons Pocrfic Elect 20 40253 words
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Article516 1986-09-27 9 SYDNEY: Australian share markets again closed at record highs in heavy trading yesterday, brokers said. The All Ordinaries Index rose a further 8.5 points to a record 1,259 points at the close. This compares with the previous record close of 1,250.5 set on Thursday. Industrial stocks were mostly firmer516 words
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Article71 1986-09-27 9 SEP 26 Fan MorMaa) Onantal B Phi Over*aos I 0015 0018 -0 001 0001 Acoie Mawtg Anglo PtW unch 2.5 Picop B PLOT 250 AHas Con 6 15 0 0012 unch Son Migual B 75 50 0011 2 5 Baste Patrotaum Bengoet Con. B ***** 123 0 0005 471 words
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Article139 1986-09-27 9 BANGKOK: The Securities Exchange of Thailand Index yesterday edged up 0.48 to 160.48 and turnover totalled 243,756 shares valued at 53.4 million baht. Reuter Tokyo share pricos woro not available. 1 SCP 26 lakts Siom Cement 717 unch j Ao Khom Thai Skxti Citizens Leosmg 1 Ayudhya Investment 1139 words
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Article113 1986-09-27 9 SEP 26 Won 1920 -10 Kongwon Ind. KIA Motor 1021 1887 2200 +2 -3 Do«woo Corp 1110 1371 -10 20 Korea Long-Term 1480 1580 -40 -10 570 -5 1300 Doishm Securities Dong Ah Phar Dongbu Steet Dong Suh Stock 2431 851 1645 1400 1780 -40 -6 -10 58 -20113 words
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144 1986-09-27 9 Reuter BRITISH PETROLEUM has signed an agreement to buy a 40 per cent stake in a refinery being built by the Kukdong Oil Company at Sosan in South Korea. A Kukdong spokesman said yesterday in Seoul that BP would put in 33.68Reuter - 144 words
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Article74 1986-09-27 9 AP THE FRENCH COMPANY Total Indonesia Inc has discovered an oil field off the East Kalimantan province in Borneo that could yield 1,560 barrels a day, a spokesman of the stateowned oil corporation Pertamina said on Thursday. Hamzah Abdullah said Total Indonesia, which operates under a productionsharingAP - 74 words
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Article52 1986-09-27 9 AP HONGKONG Governor Edward Youde kicked off the construction of the second tunnel linking Hongkong island with Kowloon peninsula on Thursday. The 1.8km tunnel, costing HK$3.4 billion, will be completed in 1990. It will be built by a consortium led by the Japanese construction firm KumagaiAP - 52 words
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471 1986-09-27 9 Reuter PHILIPPINE SHARE prices are expected to continue to rise in the short term because of higher gold prices and renewed confidence in President Corazon Aquino's government since the start of her visit to the US on September 15, brokers said. MiningReuter - 471 words
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275 1986-09-27 9 Reuter MAJOR JAPANESE corporations are expected to see large falls in profits in the year ending March 31, 1987, due to the yen's appreciation against the US dollar, the sluggish US economy and slower Japanese exports, major research institutes said. Continued recession in theReuter - 275 words
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174 1986-09-27 9 Reuter TOYOTA MOTOR CORP has denied a newspaper report that Toyota, Metropolitan Bank A Trust of the Philippines and Mitsui k Co Ltd will set up a Joint car assembly operation in the Philippines, but said it is negotiating with the Philippine government. AccordingReuter - 174 words
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Page 9 Advertisements
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Advertisement640 1986-09-27 9 96 m ir.? THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a pour me* battel luncheon at on ungourmet price l For starters, take your pick o* our cold dishes prawns on ice. fresh oysters, smoked salmon melon and dried ham. vegetable terrine. mixed seatood salad, cooked assorted vegetables and640 words
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Advertisement136 1986-09-27 9 2 TOP BANDS nightly f HOT DISCO COUNTRY SENTIMENTAL POP ROCK and you name ft!! tex&M IMmf Singapore's very own Slim Whitman with country favourites and oldies. Happy Hours: 12 noon 7pm Buy one get one free (except premium brands) CAIRNHILL HOTEL 19 Caimhill Circle. S pore 0922 Tel: *****22136 words
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SHARE INFORMATION
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Article, Illustration4210 1986-09-27 10 INVESTOR sentiment stabilised yesterday after the unexpected attack of Jitters in late trading on Wednesday and Thursday caused by fears over the fate of Federal Cables and the reports of heavy withdrawals from some Malaysian banks. Dealers observed some short-covering activities. In fact,4,210 words
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Article238 1986-09-27 10 MBIIIMW U A C E»a 50« Rwty Eloct A P 1 Cam Ploot Lm Cham UOI toicioli MTYIM« S 1 A G E Lit* > A_r r MHOR r«i C 1 Hot** S P M OCK HMPt Prm MWE Euo M ClUtl Soiy API SINGAPORE Rites Indteee238 words
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Article3291 1986-09-27 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT'3,291 words
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Article90 1986-09-27 10 JACK CfflA-MPH Limited: AGM at Tai-Pan Rama da Hotel, Pine Room, 3rd Floor, 101 Victoria Street, Singapore 0718, today at noon. F1R8T ALLIED Csrparattea Bertaad: 20th AGM at Raya Room, Mezzanine Floor, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur, on Tuesday, Sep 30, at 11am. INTERNATIONAL WOOD PRODUCTS90 words
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COMPANY NEWS
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288 1986-09-27 11 THE HEARING to wind up pub-licly-listed Wannian Holdings has been adjourned at the request of the petitioner, the Central Provident Fund Board. This was revealed in the High Court yesterday by Mr Chew Swee Leng from Cooma Lau Loh M Karthigesu, who is acting288 words
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LATEST RESULTS
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Article55 1986-09-27 11 BRITISH MALAYAN Trustee Ltd: Operating income after tax of $351,000 ($383,000) on a turnover of $742,000 ($871,000) for the year ended June 30, 1986. EPS of $1.15 compared with $1.26. NTA amounted to $5.43 ($5.61). Directors propose a final dividend of $2 per share (same) on Dec 5. Books will55 words
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Article41 1986-09-27 11 Group after-tax profit of M 511.05 million for the six months ended June 30, 1986. Directors have declared an interim dividend of 8 per cent less tax payable on Dec 26 to shareholders registered on Nov 6.41 words
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Article56 1986-09-27 11 Group profit after tax and minorities of MJ11.89 million ($16.69 million) on a turnover of $152.07 million ($149.67 million) for the year ended June 30, 1986. EPS works out to 16.37 cents compared with 22.97 cents. Directors recommend a final dividend of 10 per cent less56 words
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Article34 1986-09-27 11 Group after-tax profit of M 54.78 million ($5.22 million) on a turnover of $43.52 million ($30.5 million) for the six months ended June 30, 1986. No interim dividend has been recommended.34 words
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Article38 1986-09-27 11 Group after-tax profit of M 531.05 million ($30.98 million) on a turnover of $342.04 million ($276.26 million) for the year ended June 30, 1986. First and final dividend of 8 per cent tax exempt.38 words
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Article72 1986-09-27 11 will have a steady prof- it growth for calendar 1986 and 1987 but it is not likely to make any major investment, the company chairman Simon Keswick said yesterday. Although Jardine reported earlier a 173 per cent climb in first-half profits to HK$lBO million, Mr72 words
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22 1986-09-27 11 Profit before tax of M 5558,105 ($172 million) for the six months ended June 30, 1986.22 words
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27 1986-09-27 11 Profit after tax of M 5316,000 ($301,000) on revenue of $8.02 million ($5.42 million) for the six months ended June 30, 1986.27 words
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404 1986-09-27 11 SHARE PRICES rebounded on the Kuala Lumpur stock market yesterday as bargain hunters returned to pick up relatively cheap stocks after Thursday's sharp fall. Dealers said short sellers were also covering their positions ahead of the weekend. Speculative counters which had404 words
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576 1986-09-27 11 HOMER CHEN - By HOMER CHEN STOCKBROKER Lin Tah Hwa is claiming that the bankers knew his firm, Lin Securities, had pledged the same block of shares as collateral to several banks to obtain credit. This emerged at the High Court576 words
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307 1986-09-27 11 IN SPITE OF an increase in visitors for the first half of this year, the oversupply of rooms and intense price competition continued to exert a negative effect on at least another two listed hotel companies. ANA Hotels, which owns the Century Park Sheraton307 words
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Article102 1986-09-27 11 HONGKONG Hongkong Index Friday 1280.26 Thursday 1267.66 Week ago dosed Hong Song Index Friday 2034.36* Thursday 2011.70 W««k ago closed All Industrials Friday 1969.6 Thursday 1951.5 WMk ogo 1899.3 NEW YORK Dow Jones Thursday 1768.56 Wednesday 1803.29 Week ago 1774.18 TOKYO Nikkei Average Friday *****.69 Thursday *****.35 Week102 words
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Article272 1986-09-27 11 Managers' prices MARA-Bumiputra for Sep 27 29 First B'putro 4 83 4 88 Second B'putro 4 42 4 47 Singapore Unit Trust The Commerce 0 90 0 97 Third B'putro Fourth B'putro Fifth B'putro Stxth B'putro Seventh B'putro (A) 3 41 3 46 3 89 3 94 2272 words
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Article2122 1986-09-27 11 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number at shares traded shown in brackets in lots of 1,000 units unless otherwise specified. VDUSTRIALS Acme (1818 18SS) xd Ajinomoto (3008 3045) Ale» HUo(—)2,122 words
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Article822 1986-09-27 11 WORRIES that UK base rates will have to move above 10 per cent In the near term to protect the level of sterling sent shares and government bonds lower at the opening yesterday. At 0816 GMT the FTSE 100 was down 13.8 to 1,562.8. On Thursday, the FTSE822 words
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Page 11 Advertisements
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Advertisement235 1986-09-27 11 SHERIFF'S SALE MOTOR SHIP OR VESSEL "EDMONTON" (Admiralty in Rem No. 303 of 1986) PARTICULARS OF VESSEL Name of Vessel: "EDMONTON" Port of Registry: "Gibraltar" Type Single screw, bulk cargo vessel of all steel welded construction and having 4 cargo holds. Year Built 1970 in Japan Dimensions Length (0.a.) 154.330235 words
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Advertisement153 1986-09-27 11 PILECON PILECON ENGINEERING BERHAD (Incorporated in Malaysia) 1986 INTERIM UNAUDITED RESULTS Th« board of Directors of Pilecon Engineering Bhd tt plecned to onnounce Ihe unoudited Interim results of the company ond of the Group for the tin months ended 30th June 1 as follows: GROUT HALF-YEAR HALF-YEAR Dividend ond Interest153 words
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535 1986-09-27 12 Radical departure from existing guidelines MBT FOREIGN investors may be allowed to own 100 per cent of the equity in projects they initiate in Malaysia if half their products are for export or if they employ more than 350 local people. These areMBT - 535 words
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411 1986-09-27 12 Bernama A TOTAL OF 161 projects involving foreign investments of MJIO2 million were approved by the Malaysian Industrial Development Authority, or Mida, during the first six months of this year. This represents a 46.5 per cent drop from the M 5190.83Bernama - 411 words
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282 1986-09-27 12 Bernama THE MALAYSIAN government is drawing up an intensive training programme aimed at producing skilled workers to meet the requirements of investors. Deputy Prime Minister Ghafar Baba said yesterday that the programme, being drawn up by the Prime Minister himself, would helpBernama - 282 words
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Article, Illustration393 1986-09-27 12 ASEAN has the potential to become the major market for the developed countries of the Pacific Rim and the East Asian newly-industrialised countries, Dr Yeo Ning Hong told Canadian industrialists yesterday. Speaking at a luncheon in Montreal where he393 words
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167 1986-09-27 12 AFP AN EXECUTIVE JET, said by the Philippine government to belong indirectly to ousted president Ferdinand Marcos, has been flown back to Manila from Singapore. The Beech Super-King 200 aircraft left Singapore's Seletar Air base for Manila yesterday morning, while a Filipino diplomat here said thatAFP - 167 words
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114 1986-09-27 12 Bernama AN AMENDMENT to the Cooperative Societies Act to bar cooperatives from accepting deposits from non-members will be tabled at the coming sitting of the Malaysian Parliament. Deputy Prime Minister Ghafar Baba said yesterday that if the Bill could not be presented atBernama - 114 words
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81 1986-09-27 12 Reuter A MEMBER of the US Overseas Security Advisory Council yesterday announced plans for a special intelligence service to help American businesses combat international terrorism. 'Terrorism is a major worry of multinational corporations and government and private se- curity forces must work together to combatReuter - 81 words
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Article72 1986-09-27 12 Reuter WALL STREET investors, still shaken by the dramatic decline two weeks ago and the volatility of a market rocked by futuresrelated sell programmes and fear of higher interest rates, continued to retreat yesterday. Bonds lent no aid to the stock market in early trading. The DowReuter - 72 words
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LATE FILE
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Article64 1986-09-27 12 Reuter NIGERIA'S naira depreciated by more than 66 per cent when the government held a foreign currency auction yesterday under a programme to promote economic recovery through an effective devaluation. Auctions, to be held weekly from now on, are part of the creation of a "second-tier foreignReuter - 64 words
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Article36 1986-09-27 12 Reuter THE JAPANESE government's Tax System Research Council is considering four ways of income-tax cuts for a total of around 2,000 billion yen in its study to overhaul the tax system. ReuterReuter - 36 words
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Article31 1986-09-27 12 Reuter THE CHERNOBYL nuclear power station will resume energy production in the next few days, ending a five-month shut-down due to the world's worst nuclear accident. ReuterReuter - 31 words
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Article51 1986-09-27 12 AFP Smokestacks and heavy industrial plants will have disappeared from Seoul by next year to guarantee a pollu-tion-free city for the 1968 Olympic Games. Seoul Mayor Yum 80-Hyun said yesterday that more than 900 factories had been relocated to the provinces in the past two years.AFP - 51 words
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Article46 1986-09-27 12 Bernama THE MALAYSIAN government should consider exploiting non-defence resources to increase defence preparedness. A paper at a maritime seminar in Pulau Pinang yesterday said that civilian resources would provide an added dimension to the armed forces' capacity to defend the country.Bernama - 46 words
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Article50 1986-09-27 12 Reuter THAILAND is preparing to stamp out the Malaysian communist insurgency in its southern provinces. Thai Colonel Banchorn ChavalsQ said yesterday that "hearts and minds" programmes and military pressure were being stepped up against the Malaysian rebels, who have bases on both sides of the Thai-Malaysian border.Reuter - 50 words
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Article206 1986-09-27 12 Stock Price on Price on Weekly Sep 19 Sep 26 Change change RISES Keppel Corpn 0.85 2.34 20 1752 Metro Hldgs 1.14 4.74 18 3157 Primo 4.30 428 4 46 BJ 18 3.7 C Properties 3.60 4 40 4.52 12 25.5 Chem Ind 1.53 292 304206 words
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Article352 1986-09-27 12 THE NOTABLE exceptions in what was h««i™iiy another nondescript week at the stock exchange, were the trustee stocks. After drifting aimlessly lower during the past two weeks, Central Provident Fund-related counters showed their lustre when the market staged a mild technical rebound on Tuesday and352 words
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330 1986-09-27 12 THE MALAYSIAN government has suspended sales of the Asian Wall Street Journal in Malaysia for three months, starting yesterday. One of the paper's two Journalists in Malaysia, Mr John Berthelson, had his work permit revoked at 3 pm yesterday and was given330 words
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373 1986-09-27 12 JEFFREY TSANG - By JEFFREY TSANG THE TRAFFIC may be dense and slow-moving, but that's not stopping a newcomer from nosing its way into the local car market. Euroasia Auto Pte Ltd will start selling the Span-ish-made Seat (pronounced say-at) next month. The company has taken373 words
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254 1986-09-27 12 AFP Reuter CHINA is firming up its role as a rescuer of sinking Hongkong businesses, with a Beijing investment bank reportedly planning to help bail out Wah Kwong, one of the colony's shipping companies. Analysts in Hongkong said on Friday that China International TrustAFP; Reuter - 254 words
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Page 12 Advertisements
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Advertisement172 1986-09-27 12 APPOINTMENT SUCCESSFUL EXECUTIVES Are you looking for a change of career? A job that would bring you into contact with the best and brightest in Singapore, and put you at the very heart of business and economy? Then consider a switch to the fast-moving and stimulating world of business journalism.172 words
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Page 12 Miscellaneous
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Miscellaneous51 1986-09-27 12 vwmh Outlook: Showers over several areas in the morning Report for 24 hours prior to 7.30pm on Sep 26 at the airport: Maximum temperature 30.5 Associated humidity 62 Minimum temperature 24.2 Associated humidity 97 Hours of sunshine 6.60 Rainfall in millimetres 3.7 Roinfoll this month 300.7 Rainy days this month51 words
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