The Business Times, 4 October 1986
1986-10-04
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12
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The Business Times
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Title Section12 1986-10-04 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, OCTOBER 4, 118« 75 CENTS12 words
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Article, Illustration623 1986-10-04 1 ELAINE KOH - By ELAINE KOH PROMET's directors made a severe error of judgment when they offered a scheme to contra assets against loans, and were unfit to be in charge of them now, claimed a lawyer for some creditor banks in the High Court yesterday. What623 words
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501 1986-10-04 1 LISA LEE - By LISA LEE IT'S "BUBBLE, BUBBLE" suggest private developers because an encapsulated underwater city means less toil and trouble from the soil and rubble of excavation. Instead of building an underground city, as suggested by Communications and Information Minister Dr Yeo Ning Hong this501 words
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501 1986-10-04 1 CHAN Ol CHEE - By CHAN Ol CHEE IN AN UNUSUAL MOVE, the Stock Exchange of Singapore has publicly ticked off three listed companies for "leakage of information" and asked that they conduct an investigation to determine the source of the leakage. Chuan Hup Marine, LAM501 words
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Article697 1986-10-04 1 JAIME LYE - Private sector will still need to build superstructure, says Chok Tong By JAIME LYE THE GOVERNMENT is prepared to spend $1 billion over the next five years to develop Singapore's tourist infrastructure, including a tunnel link to Sentosa. It would, however, be up to697 words
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254 1986-10-04 1 RAFFLES CITY is open. And it's going to be a great big bash. Never mind tomorrow, we'll have fun tonight. And so it was, when the complex was officially opened last night with all the pomp and gallantry Singapore has254 words
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Article, Illustration72 1986-10-04 1 THANKS TO —taliM haylag sapport is Mae ehipe, share prices sa the flhpym stock market elssei higher across the hsard yesterday. The BT OawpaaHa Index rose UR points to MMf and the Straits Times ladastrlal Index pat aa S.U potato to 81C.1I. Total vslame yesterday dropped to IZM72 words
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Article114 1986-10-04 1 UPI CASTING ASIDE their usual pre-weekend nervousness, traders propelled the Hongkong stock market to yet another high yesterday, with the Hang Sang Index finishing up 14.66 points at 2,134.80. Volume was slightly lower but still a huge HK$l.l billion. This is the eighth consecutive sessionUPI - 114 words
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Page 1 Advertisements
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Advertisement156 1986-10-04 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM tPnaQOKia® ©PFQSS HOW WELL PLANNED IS YOUR OFFICE? Should it hove more word processors and mini computers? Do you need o net-work? How con your telephone take messages? How can you safeguard data? On Monday, BT will corry a 20-page special survey of office156 words
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Advertisement251 1986-10-04 1 mm SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE TV RADIO OUR VIEW REFEREEING of the Asian Games has drawn criticism from visiting teams and Koreans who have felt decisions against non-Korean athletes were unfair. Just as there have been calls for the return of the Olympic Games to251 words
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Advertisement0 1986-10-04 1 %}_%%=._,+>&[@|>;!&->`(@'$%$"`|0 words
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Advertisement33 1986-10-04 1 THE WORLD'S 5i FINEST PHOTOGRAPHIC SYSTEM mMZ ■rr* 17-l 7 m eWS-V:'' <ifiK i&SSf 1 gMgwogl K. S§^ sw? -X-x, s^i m The heritage is obvious. MSST ON TW IASSAIi MTEMWTDNAI GUMMfTH CMTfOTf33 words
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HOME NEWS
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480 1986-10-04 2 JEFFREY TSANG - By JEFFREY TSANG EVEN before the implementation of the new copyright laws, the world's largest computer manufacturer has noticed a "drying up" of illegal copying of software in Singapore. IBM, which launched a major offensive against software pirates in 1984 by filing for480 words
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Article439 1986-10-04 2 LUCY NG - HOTEL new tm WORLD m INQUIRY U By LUCY NG A WAR over weight raged between the Industrial A Commercial and the experts at the Hotel New World Collapse Inquiry proceedings yesterday. 'The expert has over-reacted to ICB's strongroom," said Mr Eric Rawcliffe, the engineerconsultant439 words
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270 1986-10-04 2 JUSTICE LP Thean yesterday ordered the Development k Building Control Division and the Public Utilities Board to coordinate their efforts for the next stage of the inquiry into the collapse of Lian Yak Building. He did this after he was told that270 words
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262 1986-10-04 2 GETTING IN TOUCH with non-union workers appears to be the only obstacle in the way of the Food and Beverage Industrial Workers Union, which is aiming to represent every single worker in the food and beverage industry. All FBIWU needs to meet262 words
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191 1986-10-04 2 NTUC Fairprice shareholders who chose to have their dividends and rebates paid directly into their bank accounts through the Giro scheme must be pleased with that decision. They are getting their dues earlier than usual. All the 16,000 shareholders who agreed191 words
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Article209 1986-10-04 2 MCDONALD'S, the chain of hamburger restaurants, will offer a $100,000 reward for information leading to two missing schoolboys. In a spontaneous corporate gesture at the McDonald s restaurant at Farrer Road yesterday morning, managing director Robert Kwan announced the reward after a breakfast consultation with McDonald's209 words
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Article, Illustration350 1986-10-04 2 MONICA GWEE - By MONICA GWEE HEAPED in a cupboard and covered with dust, they would qualify as junk, but the bits and pieces on show at the National Museum yesterday proved precious links to a vibrant past. "We need to impress on Singaporeans that350 words
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Article1294 1986-10-04 2 AT CONVENTIONAL WHARVES KEPPEL WHARVES AH Endeavour Gushon Koto Angkoso Koto Moju Lufeng Ned Nogoyo Songerhousen Thornoseverett Woheng Auby Baroness Bum Chin Cantuario N Boltmore Nttgo 31 Mrtn Arrival KI2 alongside K15 alongside K20 alongside K30 alongside K10 alongside K18 alongside K28 olongside K2I alongside K11 alongside1,294 words
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Page 2 Advertisements
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Advertisement308 1986-10-04 2 bw*ael SIM LIM FINANCE LTD flmnyuMlri in the KqwWc of Singapore) COMPANY ANNOUNCEMENT The Board of Directors of Sim tin Finance tad makes die announcement: 1 AUDTTED RESULTS FOR TUS YEAR ENDED 31 MARCH 198f The audited win of the CoMfMy and of die Group for the year ended 31308 words
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ASIA-PACIFIC
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Article, Illustration488 1986-10-04 3 MBT THE WORLD BANK needs to consider seriously lending to private sector projects directly, especially to privatised projects, Finance Minister Daim Zainuddin has said at the joint meeting of the International Monetary Fund (IMF) and the World Bank in Washington. In hisMBT - 488 words
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191 1986-10-04 3 NST SEVERAL business organisations have hailed the new incentives to stimulate foreign investment as another positive step to pep up the Malaysian economy. The American Business Council (ABC) said the incentives would work positively in attracting more investment from the US. Its executiveNST - 191 words
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455 1986-10-04 3 MBT THE SELANGOR government is implementing several measures to diversify its revenue sources. Revenue is now mainly derived from federal compensation for its acquisition of Kuala Lumpur Federal Territory and the sale of water. The federal compensation, which will end in 1990, amounts to Ms3ooMBT - 455 words
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204 1986-10-04 3 Reuter AUSTRALIA is probably in recession, the Westpac Banking Corp and the Melbourne Institute of Applied Economic and Social Research have said. But the recession could be comparatively mild, they said in a report on their monthly leading, coincident and lagging indices. In July, theReuter - 204 words
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Article726 1986-10-04 3 ARRIVALS Operator Strvm number Local tWlM From RBA BM2I 1030 BWN G1A GA960 1100 CGK SIA SQI05 1105 KUL SiA SO 201 1145 CGK SIA SQI91 1155 PEN THAI TG403 1155 BKK MAS MH682 1230 KCH OA GA940 1235 MES SiA SQ107 1250 KUL SiA SQ203 1300726 words
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Article, Illustration683 1986-10-04 3 Divestment planned for 163 state enterprises Reuter THE PHILIPPINE government plans to sell 163 state-owned enterprises under a privatisation scheme expected to net over US$7 billion and save the economy US$l.4 billion a year. Government Reorganisation Minister Luis Villafuerte said in an interviewReuter - 683 words
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Article164 1986-10-04 3 Reuter NEW ZEALAND is pulling out of its economic recession and can expect modest growth next year, according to Trade and Industry Minister David Caygill. New Zealand companies are beginning to step up exports and the economy is benefiting from employment gains in the tourist and bankingReuter - 164 words
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355 1986-10-04 3 Reuter CHINA yesterday outlined concessions it will make to attract desperately-needed foreign investment but said traditional-minded bureaucrats needed to revolutionise their thinking (or the plans to work. The official Economic Informatipn newspaper said it was vital to create the right climate forReuter - 355 words
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Page 3 Advertisements
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Advertisement52 1986-10-04 3 "1 V A T The business person's choice, I 3 1 /I I-J every Tuesday, Thursday, Saturday I I %/I I j/~^\¥ and Sunday. Leaving Changi Airport I /J- V -Ll—\L at 22:00 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent.52 words
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Advertisement522 1986-10-04 3 EXHHFH (3.703) r\ ve OMMOI (Iw After Tu As A Tool Income Operam*<Loss)/Ptofk AttribuuMe To Membc or Of The Company A* A Percentage Of Issued Capital And Reserves Net brans P« Stock Unit WJHF INCt llflglNC ASSCtS DiCXin§ fW Stock Unit (Dußars) —IwiiMMiii■ murfcnllp iiiia nilhslf af ih jisa sn*ii522 words
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REST OF THE WORLD
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598 1986-10-04 4 Agencies THE US SENATE has voted 7821 to override President Ronald Reagan's veto of new US economic sanctions against South Africa, enacting measures aimed at forcing Pretoria's White-led government to abandon apartheid. The House of Representatives had already voted to overturn the veto. InAgencies - 598 words
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416 1986-10-04 4 Reuter BRITAIN'S opposition Labour Party has voted overwhelmingly to scrap nuclear weapons and close American nuclear bases in Britain, despite US charges that this would weaken Nato. Delegates at the party's annual congress in the northern win ii iik resort of BlackpoolReuter - 416 words
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195 1986-10-04 4 UPI US AND SOVIET negotiators met for two hours and 15 minutes on Thursday to discuss me-dium-range nuclear missiles, the subject that could offer most hope for progress at the Geneva arms talks. Both skies cited their confidentiality agreement in refusing all comment, except for sayingUPI - 195 words
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248 1986-10-04 4 Reuter THE ORGANISATION of Petroleum Exporting Countries at its meeting next week is likely to agree to extend its reduced level of production for "another few months" beyond the end of October in an attempt to force the price of oU up to US$2OReuter - 248 words
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484 1986-10-04 4 UPI THE 34 per cent limit on corporate taxes in the tax reform bill would make the US tax rate Just about the lowest In the world, giving America something of a tax haven status, one expert says. The newUPI - 484 words
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RAW MATERIALS
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Article309 1986-10-04 4 RAS prices m S cents/kg, FOB in b< ilo NOON CLOSE Int 1 RSS Prompt —T«n 187 00 188.00N D" 7 185.50 186.50N Int 1 RSS Nov 86 187.00 187.50 185.50 186.00 Int 1 RSS D«c 86 188 00 188.50 186.00 187 00 Int 2 RSS OP309 words
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Article99 1986-10-04 4 (cwttA* 1 86 DEC 86 (currant month) (forward month) NOON NOON RAS Svyors ScNors fciycn SSR 20 171 00 173.00N 172.00 174 00N SSR 50 168 00 170 00N 169 00 171 00N MRELB Buyers C-M Jtwn Buyers S«H«rs SMR CV 275 00 277.00N ***** *****N 199 words
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Article88 1986-10-04 4 Raster THE PRICE OF TIN mi Ike Kiaia Impir Tla Market (KLTM) reee unftw two eorti le deee at M 114.12 per kffle yesterday. Dealer* itti demui wm malaly (rem Japaa wMle leeal ui Earepeaa hrtereit wm ■mIL Tsrasver (eU to <8 tome from 121 tones ea ThursdayRaster - 88 words
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Article308 1986-10-04 4 SINGAPORE The market closed easier yesterday with November One RSS buyers quoted at 185.50 cents per kilo, down 1.50 cents from Thursday. The morning session lost one cent on lack of fol-low-through buying and some trade selling. Prices eased 0.50 cents in quiet afternoon trading. Trading on the TSR-20308 words
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Article233 1986-10-04 4 MALAYSIAN crude palm oil prices yesterday recovered from the day's lows on late covering interest to close slightly lower. Initially they had eased on profit-taking to Thursday's firmness and in sympathy with weaker overnight Chicago soyoil futures. Pakistan's rejection of palm oil offers at its tender on Thursday233 words
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Article65 1986-10-04 4 Bangkok Broken Rice 128 125 (USS/tonn«, FOB) A-l Super A-1 Special White Rice C-l Speool C-1 Ord unq unq 100% 1st clots 100% 2nd closs 255 220 Loonzoin Rice 100% 3rd doss 215 100% 1st grade ft unq 5% 10% 205 200 100% 2nd grade 100% 3rd grode 15%65 words
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Article138 1986-10-04 4 CMmn Produce Exchange SeBers' noon dosing prices on Oct 3 (S$/100 kg) Coconut oil Bufc FOB 40.00 Okl drum FOB 53.00 New drum FOB 57.00 Copra Mixed (loose) buyers Pepper Muntok White FOB NLW 1405 00 Sarawak White FOB toq NLW 1390 00 975 00 S SodkFOB NLW138 words
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Article204 1986-10-04 4 Reuter WHEAT FUTURES on the Chicago Board of Trade closed 4-1/4 US cents a bushel higher in near December to unchanged in distant December on Thursday. Traders said steady demand from a commission house was the main feature of the day, and they speculated it might represent buying onReuter - 204 words
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Article590 1986-10-04 4 Reuter COFFEE Robusta futures closed £10 to £35 higher on Thursday, supported by bargain hunting and weaker sterling. Dealers said sentiment was underpinned by a general feeling that the market had been oversold on Wednesday and that the liquidation was now over. January closed at £2,190,10 up on Wednesday.Reuter - 590 words
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Article97 1986-10-04 4 OIL PRODUCTS IN THE PETROLEUM products market yesterday, naphtha continued to strengthen with several Japanese traders paying up to US$2 per tonne above Thursday's prices for delivered cargoes. Kerosene fell with several recent deals around the SslB per barrel mark. Closing prices for erode (fob origin) US$/borrel Change Duboi (Nov)97 words
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Article201 1986-10-04 4 Reuter SOYBEAN FUTURES on the Chicago Board of Trade closed slightly lower on Thursday, off 3/4 to three US cents a bushel. The market held within a narrow range, supported by the current wet weather including rains in the south-west part of the corn belt carried by the edgeReuter - 201 words
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Page 4 Miscellaneous
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Miscellaneous66 1986-10-04 4 Doonesbury THB HABCUTtUASONUTHB LAST STRAW, RB/. IT SUVP6NLY HTTME THAT J. J. j H&SELF. SHBUASTKONSf, TO CHANGE MB, TOO! i m A\Sm soi just mm> out THB POOR. PIPNT&VZ fTASBCONPTHOUGHT. ieues&rr must have dee* A LONGTIME COMING. BP® BY GARRY TRUDEAU I'MSORM TDBAR6BIN AT SUCH AN UNGODLY HOUR.R&, BUT 1...66 words
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BANKING AND FINANCE
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437 1986-10-04 5 Reuter INTERVENTION by the Bundesbank to support sterling on behalf of the Bank of England is part of a deal almost certainly put together over the past week in Washington, foreign exchange market sources in Frankfurt and London said. The aimReuter - 437 words
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185 1986-10-04 5 AP THE World Bank has announced the signing of a US$45 million loan which it called the first "voluntary" commercial bank lending to Uruguay since 1963. It would guarantee 50 per cent of the loan, a form of help it hasAP - 185 words
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460 1986-10-04 5 UPI FINANCE MINISTER Dilson Funaro has said that Brazil has no intention of signing a new agreement with the International Monetary Fund for future renegotiations of its US$lO7 billion foreign debt. Mr Funaro was speaking in Brasilia on ThursdayUPI - 460 words
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238 1986-10-04 5 UPI MEXICO'S refinancing and loan package with commercial banks potentially the last "involuntary" loan to the country could be completed by Oct 31, the chairman of the Bank Committee for Mexico said on Thursday. "None of these refinancings areUPI - 238 words
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258 1986-10-04 5 FT MORGAN GRENFELL Securities International, the brokerage division of the British investment banking group, has this week placed more than US$lOO million of French equities with mainly British and American institutions in what is believed to be the largest ever brokerage dealFT - 258 words
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160 1986-10-04 5 Reuter POLAND, which joined the International Monetary Fund (IMF) last June 12, is "ready" to work out an economic adjustment programme to qualify for an IMF stand-by credit, perhaps by December, Polish Finance Minister Bazyli Samojlik said on Thursday. A green light fromReuter - 160 words
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321 1986-10-04 5 Reuter CONTINENTAL Bank of Canada, which has been struggling to stay afloat after the collapse of two smaller banks undermined investor confidence, is merging with Britain's fourth largest bank, Lloyds Bank International. David Lewis, Continental's chief executive officer, said Canada's Finance Minister,Reuter - 321 words
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137 1986-10-04 5 Reuter CHINA will break the monopoly of its five specialised banks and set up more secondary markets for commercial paper, according to Liu Hongru, the vice-pres-ident of the People's Bank of China (PBC). The official Outlook magazine quoted him saying that the country's financial institutionsReuter - 137 words
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Article, Illustration336 1986-10-04 5 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent A GROUP of financial experts and central bankers from Singapore, Asia and ma)or industrial nations will speak at the Bth Asia-Pacific Forex Congress to be held here this month. The managing director of the Monetary Authority of336 words
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MONEY AND EXCHANGES
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Article736 1986-10-04 5 Reuter SINGAPORE: The US dollar yesterday closed slightly firmer against major currencies, except sterling, after hovering within a narrow range in quiet trading. The market lacked fresh factors with most operators sidelined awaiting yesterday's release of US September unemployment data to provide further clues to the health ofReuter - 736 words
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Article47 1986-10-04 5 RESULTS OF TENDER held yesterday for 91-day bills to be issued from Oct 6 to 10: Offered: $140,000,000 AppM far: $321,700,000 Allotted: $140,000,000 Aeeeptod bids: $99.47 approximately 13 per cent, higher bids in full. Average rate d dteut ea allstewt: 2.040 per cent per annum.47 words
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Article238 1986-10-04 5 Interbank rates at 3pm yesterday: «d Oflar c roao partly dMNfO Local dollars to on* Mot of foreign currency US dolor 2.1720 2.1730 2 8196 -22 97 Sterling pound 3 1233 3 1269 7 3469 -57 49 Auifrofcon do*ar 1 3759 1 3787 3 4286 -59 87 NZ238 words
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Article115 1986-10-04 5 THE OVERNIGHT rate on the Singapore interbank market closed at 3 1/2 per cent yesterday, up 1 1/8 point from Thursday. The term rates were all unchanged across the board. S$ Interbank rates at 7pm yesterday: Offer fed Ov«f night 3 1/2 3 1/4 I -month 2 IS/16115 words
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Article, Illustration268 1986-10-04 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet pre-weekend trading. Short-dates eased 1/16 point at the outset but remained unchanged in subsequent trading. Weekend, Monday /Tuesday and week fixed closed at a common •-1/1« 5-15 16 per cent. Asian dollar CD rates ended unchanged268 words
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Article149 1986-10-04 5 BA Futures DECEMBER Eurodollar yesterday opened three ticks lower than Thursday's close at 94.01 and traded up to 9102 initially before slipping off to 94.00. Trading activity was quiet. Liffe session saw the market remaining directionless with the December contract finally closing 6 ticks lower at the day's lowBA Futures - 149 words
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Article600 1986-10-04 5 HONGKONG: Gold closed firmer yesterday on fairly active fresh buying following news Iraq may reduce oil exports in the near future. Bullion ended at U*****.50/U*****.50 an ounce against an initial U*****.50/U*****.00 and New York's final U*****.75/U*****.50. Iraq informed Japanese term contract holders that November and December loadings of Basra600 words
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TIME-OFF
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Article516 1986-10-04 6 A GIANT is prowling the South Korean capital city of Seoul, leaving an awesome mark in it's wake. In the days just gone by, it had conquered a continent, humbled another mighty force and cast a menacing glance at the sporting superpowers of the West. The516 words
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Article1153 1986-10-04 6 ALL WEEK from Oct 4-10 SINGAPORE HERTTAQE WEEK: What Wa CoNacL National Museum Rotunda. Sam 4.90pm. An exhibition featuring manuscripts, archival records, rare books, belts, brass pots, sewing machine, domestic crafts and more. Admission fee: $1 for adults and 50 cents for children. On til Oct 11. Traditional Foods1,153 words
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Article, Illustration970 1986-10-04 6 MONICA GWEE - It was Founder's Day at all McDonald's outlets yesterday. MONICA GWEE tried hard not to get fired as she fumbled through her first hour on the job in the hamburger kitchen. MONICA GWEE I THINK I'll stick to journalism. The stress970 words
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Article, Illustration158 1986-10-04 6 THE SINGAPORE Haritaga Week, from Oct 4-11, will give Slngaporoont chance to view a eWce of their cultural haritaga. The event ia being hold for the flrat time to gonorata awaronoaa of our heritage and to emphaaiao the important contribution that everyone can make in praaorving158 words
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Article, Illustration390 1986-10-04 6 Mike Thumba - ft. Mike Thumba THE BEST SOLUTION to the bridge problem published on Sep 13 came from Henry HF Eng of 398, Telok Kurau Road, Singapore 1542. I have picked three entries for discussion. Henry says that the success of the contract depends on throwing a loser (H5) on a390 words
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Article279 1986-10-04 6 BUSINESSES which are moving into the soon-to-be-completed OUB Centre need not worry about power failures. The building boost* an emergency power supply which will keep telex machines, computers and other office equipment running even in a complete black-out And, in a building that will be Singapore's279 words
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Page 6 Miscellaneous
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Miscellaneous27 1986-10-04 6 cmow... jvjnp|) SiGHf VOU CANT PvM \Y IT'S flO USC.. ouD &0G NCUJTRJCJCS. I V G»veup... /-v r Rn StCMT: Fiatic '.^ux£ jump! c'noN &ay. wupf HOP?27 words
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SPORTS
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318 1986-10-04 7 WALTON MORAIS - By WALTON MORAIS SINGAPORE'S Lim Kian Tiong came charging back in defence of his title, equalling the day-old course record in the M 530,000 Desaru Open golf championship yesterday. The Singapore Island Country Club golf marshall fired five birdies and dropped318 words
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Article, Illustration483 1986-10-04 7 DltvtSWN GIVES SEOULI9B6 AP TENNIS STAR Yoo Jin-Sun won his fourth gold medal yesterday and South Korean runners, wrestlers and Judo and taekwondo combatants piled up nine golds for the day as the host nation continued to steal the show at the Asian Games. DefendingAP - 483 words
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Article, Illustration438 1986-10-04 7 MAX COMMANDER - By MAX COMMANDER THE INTERNATIONAL Olympic Committee meets in Lausanne, Switzerland on Oct 17 to decide the venue for the 1992 Olympic Games. Brisbane, Barcelona, Paris or Birmingham. Where? Selected in July by 25 votes to Manchester's five and London's two as Britain's438 words
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Article, Illustration1125 1986-10-04 7 BRIAN MILLER - By BRIAN MILLER IT RAINED in Fremantle on Monday, making it a wet and chilly day even by Australian spring standards. Cold winds, fanned by the ever-lurking "Fremantle Doctor", brought out the woo lies and the windbreakers. By any measure of reasonable reckoning, this was1,125 words
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Article290 1986-10-04 7 AFP THE ROWDY ELEMENT crept into golf as Sandy Lyle took his revenge on Howard Clark in the all-British battle in the £180,000 World Matchplay Championship in Went worth, England, on Thursday. Lyle qualified (or yesterday's quarter-final clash with Japan's Tommy Nakajima, after beating ClarkAFP - 290 words
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182 1986-10-04 7 BRITISH powerboat racing driver Jonathan Jones continues his bid to win the world championship in Paris this weekend in a competition that will determine the favourites (or the final of the Fonda World Grand Prix series to be held in Singapore from Nov 22-23.182 words
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Page 7 Miscellaneous
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Miscellaneous1141 1986-10-04 7 w qhd mm Blood On The Bun 9pm, Channel 12 Politics, intrigue and violence are combined in this story of the Japanese L plans for Pearl Harbour and world conquest during World War 11, and an American reporter's fpl 1%- determined efforts to make these plans known IBB*/ to the1,141 words
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Miscellaneous740 1986-10-04 7 BGB39Ki3(MD SSStm CRYPTIC PUZZLE ACROSS 9 Isn't indelible, it's revealed (5, 3) 10 Led on, rang from the greengrocer's (3) 11 The Chinese is expectant (6) 12 Go up and, when having got to a hundred, stop (6) 13 Propose to liquidate a rival (7) 14 Opens the windows and740 words
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INTERNATIONAL STOCKS
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267 1986-10-04 8 NYT HARVARD UNIVERSITY announced yesterday that it had sold almost US$l59 million of its investments in eight major companies that do business in South Africa. It said it had taken the action because the companies either sold products to the South African military or refusedNYT - 267 words
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171 1986-10-04 8 Reuter INTERNATIONAL Business Machines Corp plans to announce an expert systems software package next week, a company official said on Thursday. Victor Goldberg, the assistant group executive for market development in IBM's information systems group, told reporters the product will combine intoReuter - 171 words
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304 1986-10-04 8 Reuter PRICES closed mixed in moderate trading on the New York Stock Exchange on Thursday. The Dow Jones Industrial Average fell 1.69 to 1,781.21. The price of an average share increased five cents. Advances led declines 780 to 748. NYSE volume fell to 128.84Reuter - 304 words
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Article128 1986-10-04 8 OCT 02 Abrtfa a 23* 1*K>1 Imp Oi O A fcKO 45* 18* 40* unch 4]H 18* 13* 16* Bank Novo Scotia Bank Of Montreal 15* 32* 37* Lototow Co Mem* BM II* 37 24* inch 34 29* 28* s 20* Camptoi LA* Canodwn Imp Bar* 28* 18* 16*128 words
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Article214 1986-10-04 8 OCT 02 W MOUSTIMLS To»t Bk Un Staal 138 60 1425 3 inch A AJpho Abarcom Aad ***** 230 ***** 50 75 50 -25 MM Angkn NGS 6650 *****5 225 Amoprop AAMC 5200 2025 Bhrvoor Butt ah ZI 9150 200 C G Snath 3800 800 Own 1600 CNA Cum*214 words
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Article443 1986-10-04 8 OCT 02 us$ 24* 40* 31* Ruor Cp FMC Cp 13* 16* Na«*tar NCR Carp 7* 48* 36* 54* 62 2 Afag htl A»ad Sag AM Stora* Afc-Owtman 19* -4k 20* 81* 40 43* 64* 2* Am Brandt Inc 42* GM Cp 33 83* 77* Am Cyonamxj 74*443 words
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Article862 1986-10-04 8 Amsterdam OCT 03 Fb AflN ***** 40.5 Aagon 93 50 -0 2 Ahold 96 00 I Akro 147 60 0 4 Aktnto 152.20 +0.4 AAAEV 74.20 -0 Amro Bonk 97.00 +1.7 Am Stod 126.50 +2 BxV* 41.70 +0 9 Bok ***** +3 Borstanq 126.50 4.5 Buotvman Tattaroda 207862 words
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Page 8 Advertisements
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Advertisement134 1986-10-04 8 4i WSiere to win*, iiiaa md eatertala r mm ■M V\ 'Sabw'S r>AKi? O 4m Baron's Table Sunday Brunch... you'll kwe it.' Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only 825.50 per134 words
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Advertisement152 1986-10-04 8 tiPTt i A superb lunch experience with a grand variety of home made soups, the largest salad bar, fresh seafoods, succulent meats, savoury poultry and delightful desserts. A complimentary aperitif for all patrons. The Manhattan Splendour a superb choice at only $24.50*. *Subject to 10% service charge A 3% govt152 words
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Advertisement88 1986-10-04 8 m W mL Royal Claypot Buffet Lunch Come, taste yet another one of our super-value buffets. Quality claypot dishes such as rice, chicken, beef. pork, rou-gu cha and vegetables Other items include soup of the day. salad and a wide variety of desserts. Adult $9 00 Child $5.00 (Lunch 12.0088 words
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Advertisement172 1986-10-04 8 [rr VsVx-rq or AT THE HERITAGE BAR For every bottle of W M 21 years old purchased, an Elizabeth Arden Beauty Sensation set worth $70.00 will be given free. For every bottle of W M Deluxe 12 yrs Old Scotch purchased, an Elizabeth Arden Eye Shadow Make-up worth $38.00 will172 words
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Advertisement130 1986-10-04 8 London stocks on pogo 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. VTB Wizard comes on with its dynamic130 words
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ASIAN STOCKS
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Article306 1986-10-04 9 HONGKONG: Share prices finished firmer yesterday to push the Hang Seng Index to yet another record close for the 11th consecutive session. The Hang Seng Index rose 14.66 points to end the day at 2,134.80 after losing some 17 points in midmorning. Brokers said as overseas buying interest remains306 words
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Article238 1986-10-04 9 OCT 03 Al smew* Mm Am Camant Coltwy Com MT 1 56 24 60 33.40 0.06 0 2 +0 7 Kuochan Dav Lao Chang Yuan Cham Indus Uan Hwo Indus 21.00 30 70 12.70 +0.4 unch +05 +0 1 Chang Hwo Bank Chang Loong Quo fan Camant 38 40N238 words
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Article363 1986-10-04 9 TOKYO: Prices climbed sharply yesterday on late session bargain hunting by institutions, brokers said. The market average closed up 221.09 at 17,240.22. Turnover was a modest 650 million shares. Drugs, oils, electricals, chemicals and real estates firmed up. But securities companies, banks, transports, life insurers and warehouses lost ground.363 words
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Article86 1986-10-04 9 OCT 03 Ac ota M**no Anglo PM hw 0 0018 002 unch +0001 Mantaai Onantol B PM Ovartaoa Phiax B 0021 0023 0 39 unch ♦0002 001 Aflat Con. B 20 50 1.3 0 0012 -0 0018 ***** +***** 118 +1 PLOT 252 50 5.5 Boitc Pilfoitum Btngud Con.86 words
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Article406 1986-10-04 9 BYDNEY: Australian share markets rose to new records after opening stronger across the board in heavy trading following a sharp rise in world bullion prices. At the close, the All Ordinaries Index jumped 22 points from Thursday's record close to 1,297.3 and the Gold Index soared 66.8 to a406 words
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Article159 1986-10-04 9 Reuter BANGKOK: The Securities Exchange of Thailand Index improved 0.20 to 164.05 on a turnover totalling 861,469 shares valued at 136 million baht. Reuter The Seoul market was closed for National Foundation Day yoaterday OCT 03 Ao Kham Thai Mn 2 unch 025 mh 1 nidi Sam Camant SamReuter - 159 words
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136 1986-10-04 9 Reuter PANCONTINENTAL Mining Ltd, Pancon, proposes to make a share-exchange takeover bid for its 47.8 per cent-owned offshoot Pancontinental Petroleum Ltd. Pancon would offer one of its shares for every 20 fully-paid Petroleum shares and one for every 250 part-ly-paid shares, it said.Reuter - 136 words
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389 1986-10-04 9 UPI NINE YEARS after Coca-Cola was forced out of India for refusing to reveal its secret formula, rival Pep6i is making a bid to slake the thirsts of millions of Indians. But Pepsi's attempt to enter the vast Indian market has becomeUPI - 389 words
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Article182 1986-10-04 9 Reuter BROKEN HILL Proprietary Co Ltd executive general manager of finance, Geoffrey Heeley, told a meeting of investors and analysts that the company's 1987 fiscal net earnings may not reach the Asl billion, or 79 Australian cents per share, earned in fiscal 1986. He said,Reuter - 182 words
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Article165 1986-10-04 9 Reuter ELDERS IXL, an Australian brewing and financial concern, expects to see rapid growth in its brewing activities outside Australia, said John Elliott, the company's managing director. "If we get 3 per cent of the US market, we'll double our sales," he told a conference onReuter - 165 words
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Article97 1986-10-04 9 Reuter INVESTMENT group Industrial Equity Ltd, TEL, said it was the recent heavy buyer of shares in chain store group Woolworths Ltd and it holds 33.26 million shares or 14.95 per cent of Woolworths' issued capital. lEL gave no further details in its brief substantialReuter - 97 words
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Article77 1986-10-04 9 AFP A HALF-SHARE in the Regent group of hotels has been taken by the TNT group and Rupert Murdoch's News Corp Ltd, the companies announced in a joint statement in Sydney on Thursday. News and TNT did not reveal the price for their 50-per-centAFP - 77 words
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Page 9 Advertisements
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Advertisement508 1986-10-04 9 fi/ZSL <?±> M m W&&& to wiae, dine «oa «rt«rtaiii #ri> Start of A New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood, Cado Gado, Sate (Satay). spicy Rendangs, Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half the experience.508 words
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Advertisement141 1986-10-04 9 avi i S 7 oKnw Band from HOT DISCO COUNTRY SENTIMENTAL POP ROCK* and you name it!! Singapore s very own Slim Whitman with country favouTtes and Hippy Hours: 12 noon 7pm Buy one get one premium brands) CAIRN HILL HOTEL 19 Cairnhill Circle. S pore 0922. Tel: *****22 Fri,141 words
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SHARE INFORMATION
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Article, Illustration4028 1986-10-04 10 FOREIGN INSTITUTIONS continued to collect quality stocks yesterday, albeit at a much slower pace than the previous day, causing most share prices on the Singapore stock market to finish higher. The BT Composite Index increased 6.27 points to €99.65 while the Straits Times4,028 words
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Article237 1986-10-04 10 SINGAPORE Rises 0 s uo S S 215 K I '90 Spot Bat 378 FX N 830 Canny 484 M CaWa* 376 Kaaa Cm 90« 92 SaaZ 237 Mat baa 460 ICS 366 Jaraag Caf 50« 336 Harmaa. Ma 300 Caat Ptaat 50c 233 Falls 20 4-15237 words
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Article2939 1986-10-04 10 BID and offer prices nrfrw»n y listed and business la aad reported to the Stock Exchange of gfapcre y—tertlsy with the number of shares traded shown la brackets la lots at 1.000 units unless qpadflsd All Time Settlement Contracts are ■nod after the word "SETT".2,939 words
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Page 10 Advertisements
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Advertisement11 1986-10-04 10 Training improves your hail Let BT show you how every Wednesday.11 words
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COMPANY NEWS
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420 1986-10-04 11 CHAN OI CHEE - By CHAN OI CHEE SHAREHOLDERS of Public Rank Bhd, which turned in a marginal rise in group net profits at half-time, can look forward to "satisfactory" earnings in spite of continued economic difficulties. Executive chairman Tan Sri Datuk Teh Hong Plow said in the interim420 words
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133 1986-10-04 11 Reuter THE AUSTRALIAN-based FAI Insurances Ltd expects continued growth in fiscal 1967, chairman Lawrence Adler told investors and analysts. "The trend we have established will continue," he said. He declined to provide specific projections. In the year ended June 30, the company's net income perReuter - 133 words
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482 1986-10-04 11 HOMER CHEN - By HOMER CHEN WANNIAN HOLDINGS was given a breather up to Oct 31 when the hearing to wind up its whol-ly-owned Furama Hotels Investment will be heard before the High Court again. At the court yesterday, Mitsubishi Bank withdrew its petition to wind482 words
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140 1986-10-04 11 AS A RESULT of the devaluation in the Indonesian rupiah, Jurong Engineering Ltd suffered a foreign exchange loss of $1 million. The group has contracts in Indonesia payable in rupiah and other currencies. Other than this, the devaluation of the rupiah140 words
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Article2162 1986-10-04 11 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. MDUSTRULS Aiinomoto (3045) (1) 300 Alcom (596 60S) (1) 582,162 words
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Article235 1986-10-04 11 DUNLOP MALAYSIAN INDUSTRIES Berfcad: 25th AGM at 4 Jalan Tandang, ***** Petaling Jaya, Selangor, on Oct 11, at 9.30 am. THE HONGKONG LAND COMPANY, limited: EGM in the Connaught Rooms of The Mandarin Hotel, Hongkong, on Tuesday, Oct 14, at 10am. THE AYER HITAM PLANTING SYNDICATE Berfcad: 75th235 words
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184 1986-10-04 11 INTRACO Ltd, which has recently been making news with its spate of management resignations, is busy taking profits on part of its investment portfolio worth more than $31 million. In separate notices to the stock exchange, Temasek, which has a deemed interest in the transactions,184 words
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525 1986-10-04 11 SHARE PRICES were moderately higher on the Kuala Lumpur stock market yesterday on better sentiment. Trading was centred on selective industrial blue chip 6 and plantation counters. Dealers said the higher prices of palm oil futures had caused investors to purchase relatively525 words
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Article115 1986-10-04 11 HONGKONG Hongkong Index Friday 1346 56 Thursday 1335.47 Week ago 1280 26 Hang Seng Index Friday 2134 80* Thursday 2120.14 Week ago 2034.36 All Industrials Friday 2010.5 Thursday 1991.4 Week ago 1969 6 NEW YORK Dow Jones Thursday 1781.21 Wednesday 1782 90 Week ago 1768 56 TOKYO Nikkei115 words
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Article915 1986-10-04 11 LONDON share prices opened lower in quiet trading yesterday, extending Thursday's late downturn in response to worries over sterling's recent performance and nervousness that UK interest rates might soon have to rise, dealers said. Some of yesterday morning's declines reflected an unwillingness by operators to move into the915 words
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Article272 1986-10-04 11 Mono9*r*' prices for Oct 4 6 MARA-Bumiputra Frst B'putro 4.81 4.86 Singapore Unit Trust The Commrci 0 88 0.95 The So«ngi Fund 0.79 0 85 S'pore Prog Fund 0 34 0 38* S'pore Sec Fund 0 58 0 63 S'por* tnvnt Fund 0.65 0 70 S'por* Equty Fund272 words
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Page 11 Advertisements
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Advertisement318 1986-10-04 11 NOTICES IN TBE MATTES OP 1«E COMPANIES ACT, CAP IK k'fci I J'fVn M i-• PBODUCIION TECHNOLOGY (PAS EAST) PTE LTD (IN MEMBESB' VOLUNTABY WINDING-UP) At the Extraordinary General Meeting of the company deemed to have been held at 400 Orchard Road #23-05 Orchard Towers, Singapore 0923 on September 30.318 words
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Advertisement299 1986-10-04 11 COMPANIES ACT, CAP W AND M I 11 I B FW BI EXPLORATION LOGGING (SINGAPORE) PR LTD Wtadta»-L'p) At the Extraordinary General Meeting of the company deemed to have been held at Blk 3 Terrace Warehouse No. 4 Loyang Offshore Supply Base, Singapore 1750 on September 29, 1988, the following299 words
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461 1986-10-04 12 BOEY KIT YIN - By BOEY KIT YIN DATUK Ng Quee Lam's rubber trading company, South Union, was yesterday given a four-week reprieve when the High Court .-adjourned the hearing of a petition to have it wound up. < Hatari (FE) Pte Ltd, a local461 words
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Article51 1986-10-04 12 Bernama PERNAS, Malaysia's state tradfcfg corporation, yesterday confirmed that it had agreed to buy a 51.5-per cent stake in United Malayan Banking Corp from companies controlled by Fimace Minister Daim Zainuddin. This will boost its stake in UMBC to 87.2 per cent. The purchase price was not disclosed.Bernama - 51 words
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395 1986-10-04 12 AMY BALAN - Half-point cut takes immediate effect By AMY BALAN FALLING interest rates are helping home owners to enjoy what are possibly the lowest mortgage rates in more than a decade. Leading home financier Credit POSB yesterday announced that it was cutting its housing loan395 words
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Article, Illustration625 1986-10-04 12 GOH YEE LING - By GOH YEE LING PETER BOSTOCK has complained loudly about the government's acquisition of his home at Cairnhill Circle, but his neighbours in the adjoining row of pre-war shophouses seem unware of the fate of their houses. In a letter published in BT yesterday, Mr Bostock,625 words
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530 1986-10-04 12 TRUSTEE STOCKS showed their lustre and once again sirved as a valuable refuge this Week for those investors too afraid of dabbling in speculative asoond and third liner issues. With so much uncertainty aad nervousness surrounding ttte position of some highlygeared local and Malaysian corporations,530 words
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199 1986-10-04 12 TWO NEW APPOINTMENTS have increased private sector representation on the board of Sentosa Development Corporation. The Trade ft Industry Ministry announced yesterday that Mr Peter Choo, the managing director of Scenic Travel Pte Ltd, and Mr Rafiq Jumabhoy, the executive director of Scotts199 words
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231 1986-10-04 12 ABOUT 200 tropical aquarium fish breeders and exporters met far the second time last night to warn that the US would have to assume responsibility for any heavy losses if the US ban on supplies of tropical fish from Singapore continues. At231 words
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191 1986-10-04 12 UPI ASIAN nations seeking to maintain growth will have to look to greater foreign investment and private sector initiatives because governments are "tired". Masao Fujioka, head of the Asian Development Bank, said in Tokyo yesterday that the slowdown which had rippledUPI - 191 words
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281 1986-10-04 12 Reuter Bernama DEPOSITS held in foreign banks in Malaysia have risen sharply in the past two months owing to depositors' transfers of funds from local financial institutions. Bankers in Kuala Lumpur said yesterday that lack of confidence in the ringgit, the closure of 24Reuter; Bernama - 281 words
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187 1986-10-04 12 Beraama THE MALAYSIAN-CHINESE Association (MCA) has mapped out a four-pronged strategy to help the government revive the economy and ride through the economic downturn together. Party president Datuk Dr Ling Liong Sik said yesterday that consensus had been reached among all MCA leadersBeraama - 187 words
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Article86 1986-10-04 12 Reuter COMEX GOLD FUTURES retreated to unchanged yesterday after an early upturn fostered by sharp gains in platinum. Gold for delivery in December stood at US$4ll.lO an ounce. Analysts said European traders were net sellers, soaking up the sympathetic buying from platinum, which was bid upReuter - 86 words
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Article61 1986-10-04 12 Renter WALL STREET stocks pushed sharply higher in active trading yesterday, helped by a strong bond market. Traders said news of an increase in September unemployment aided bonds and that strength carried into stocks. The Dow Jones Industrial Average jumped 15 points to 1796. Advances led declinesRenter - 61 words
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LATE FILE
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Article43 1986-10-04 12 Reuter A MALAYSIAN minister visiting Jakarta yesterday proposed that his country and Indonesia cooperate to build up their defence industries. "I see room for cooperation, using available resources in each country optimally to bring maximum benefit," said Abdullah Badawi.Reuter - 43 words
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Article30 1986-10-04 12 AFP BAD LOANS to the fishing sector by Indonesia's second largest state bank, Bank Rakyat Indonesia, totalled US$47 million in June, said Kompas yesterday. AFPAFP - 30 words
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49 1986-10-04 12 Reuter THE US dollar dropped below the psychologically important two-mark barrier on foreign exchange markets yesterday after news of a rise in the US Jobless rate. Its fall dragged down sterling, and dealers said the dollar looked set to test still lower levels. ReuterReuter - 49 words
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Article35 1986-10-04 12 Reuter AMERICAN Trade Representative Clayton Yeutter said yesterday that the US would set quotas on some Japanese lightweight polyester fabrics if last-ditch attempts to negotiate a slowdown in imports failed.Reuter - 35 words
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Article51 1986-10-04 12 AFP TAIWAN'S ruling Kuomintang Party (KMT) is to remove martial law and lift a 37-year ban on new political parties by the end of this year. Sources in Taipei said yesterday that the development followed Sunday's formation by opposition politicians of the Democratic Progress Party.AFP - 51 words
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Article51 1986-10-04 12 Reuter FRANCE may be forced to consider bringing back the guillotine for terrorists if the wave of political violence continues. Justice Minister Albin Chalandon said that "if terrorism continues to grow, we cannot rule out a new debate on reintroducing the death penalty for terrorists".Reuter - 51 words
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Article32 1986-10-04 12 Bernama THE Socialist Democratic Party of Malaysia will hold its central executive committee meeting on Oct 25 to decide whether it should merge with the DAP. Ber-Bernama - 32 words
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Page 12 Advertisements
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Advertisement172 1986-10-04 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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Miscellaneous29 1986-10-04 12 WW wvvww wvwffwv Outlook: Skowtfl ovor sovorol oftoi n flu lot# morning ond •orty oft •moon. Report for 24 boors prior to 7.jopm on Oct 3 ot rtio oirport:29 words
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