The Business Times, 8 November 1986
1986-11-08
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The Business Times
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Title Section12 1986-11-08 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, NOVEMBER 8, 1161 75 CENTS12 words
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Article, Illustration182 1986-11-08 1 EXCHANGE RATE8 THE S$ dated slightly weaker at *****/35 (2.1910/20 previously) against the US$ in the fore* market yesterday. It roee to 3.1199/12S (3.1342/78) against the L The kical unit fell against M$ and Japanese yen, but went up against the D-mark. US$: 163.40/50 yen, 2.0660/75 DM,182 words
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Article, Illustration527 1986-11-08 1 ELAINE KOH - Company in K Kinabalu willing to hold talks By ELAINE KOH A SABAH COMPANY was named in the High Court yesterday as a possible source of fresh capital for the troubled Emporium Holdings group. YYS Holdings Sdn Bhd, operating from Kota Kinabalu, had527 words
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Article, Illustration310 1986-11-08 1 MR CHANDRA DAS has resigned as the chairman of the Trade Development Board and has set up his own business. Succeeding Mr Das is TDB's deputy chairman, Alan Yeo. He is also the chairman of Yeo Hlap Seng Ltd, a local bottler and food310 words
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232 1986-11-08 1 Reuter THE AUSTRALIAN stock market Jumped to a new peak yesterday and is expected to go higher, at least in the short-term, as demand from foreign and domestic investors continues its four-year bull run, stockbrokers said. The key All-Ordinaries Index broke throughReuter - 232 words
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445 1986-11-08 1 RICHARD SEAH - By RICHARD SEAH FIBRE-FREAKS in Singapore have been cut off from their favourite bread. A shift to a modern factory has temporarily halted production of Gardenia Bakeries' wholemeal products. "We know we have upset some loyal supporters,"445 words
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Article, Illustration192 1986-11-08 1 FOR THE FOURTH consecutive day, the Singapore stock market came under selling pressure yesterday. All sectors were affected, with double-digit falls again seen in some heavyweight blue chip shares. Trading, however, slowed slightly to 25.97 million shares worth $55.26 million from Thursday's192 words
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620 1986-11-08 1 MEDIA MAGNATE Rupert Murdoch has paid HK5821.25 million (Ss23o million) (or a 34.9-per cent stake in Hongkong's South China Morning Post newspaper and grabbed a significant foothold in Asian And in little over a month he could be preparing a full bid for620 words
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Page 1 Advertisements
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Advertisement174 1986-11-08 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM /72iz\nu All Star SE Crafted from the finest persimmon wood, the wood heads are dual weighted for consistent accuracy. The irons are cast in mild stainless steel with excellent toe and heel design built for exact pinseeking characteristics on off-centre shots. The new improved174 words
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Advertisement288 1986-11-08 1 Hash House Easter Hatch SINGAPORE'S Seletar Hash House Harriers the beer-guzzling, trail-chasing joggers intend to create h«gh history with the inaugural Pan-Asia Hash 1987 next Easter. About 2,000 hashmen, with tag-alongs, are expected at the big do. They'll be trampling not just all over Singapore, but offshore on Pulau Tekong.288 words
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Advertisement12 1986-11-08 1 FuN report, Pag* 10 Ailm stocks, Pago 9 lnt*l stocks, Paga 912 words
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Advertisement157 1986-11-08 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM The Golfer's Dream Ball A Ball With A New Energy Centre That Draws, Fade And Backspins Better Than A Balata Ball, But Don't Smile Like A Cut Balata. SPALDING'S NEW H TOUR EDITION l! took Sful<!inf] -5 to develop the rev<>li/tionary /mth.tne >ver an157 words
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HOME NEWS
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440 1986-11-08 2 LIM SOON NEO - Entertainment centre may qualify for financial incentives By LIM SOON NEO THE GOVERNMENT has decided not to call public tenders (or the $440 million Singapore Entertainment Centre but has instead sent out invitations to shortlisted parties to submit their proposals. The Singapore440 words
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348 1986-11-08 2 CANADA WILL STAGE a major conference in Singapore next year to highlight the opportunities for trade and investment between the two countries. Announcing this yesterday, the new Canadian High Commissioner to Singapore, Sean Brady, said it would acquaint participants with developments in key sectors348 words
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274 1986-11-08 2 A CANADIAN TEAM is coming down to Singapore next month for preliminary dlKwriow with Singapore air officials, disclosed the Canadian High Commissioner Sean Brady yesterday. This appears to be the first step towards the negotiating table for Canadian and Singapore air officials for274 words
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Article, Illustration459 1986-11-08 2 DELEGATES at the world conference on tuberculosis and respiratory diseases yesterday heard a first-hand account of a "most blatant and naked" exercise of the politics of tobacco. British Journalist and author Peter Taylor spoke about how Taiwan came under pressure from the United States459 words
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305 1986-11-08 2 JUST SNIFF IT. Or (dace a pinch between the cheek and gum. You can now get real tobacco pleasure without lighting up, according to the Skoal Bandits advertisements. Available for some time now in America and Europe, this new form of smokeless tobacco, packaged and305 words
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505 1986-11-08 2 HOTELS HAVE been urged to stop their practice of quoting exorbitant room prices and then offering large discounts for advance bookings. They should instead list nett prices, said Dr Tay Eng Soon, the Minister of State for Education, at505 words
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Article, Illustration377 1986-11-08 2 PETER HUNG has been named information systems manager of BP Singapore, with effect from Oct 6. He takes over from LIM LUCK BER, who has been seconded to BP London. In his new capacity, Mr Hung will be responsible for planning, developing and implementing computerised application systems377 words
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Article1001 1986-11-08 2 AT CONVENTIONAL WHARVES Sorta Jaya Turkmenistan J3 J2 08.11/0715 08.11/0900 09.11/2300 10.11/2300 VmmI Bartl i Arrival Departure MAMMA WHARVES Hong Soon M4A 08.11/1500 09.11/0600 KEPPEL WHARVES Susanna M3A 06.11/0700 08.11/2300 Alfesani K19 alongside 06.11/0700 Wijaya Kusuma M48 08.11/0800 06.11/2300 Galaxy Mount Sabana <20 KI5 olongside alongside 08.11/23001,001 words
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Page 2 Advertisements
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Advertisement8 1986-11-08 2 Prompt pick-up and delivery 24 hours a day8 words
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ASIA-PACIFIC
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Article, Illustration495 1986-11-08 3 AFP A BID to become the single largest beneficiary of Japanese foreign aid will be made by Philippine President Carazon Aquino during her four-day state visit to Japan starting on Monday. The request for US$l.6 billion in loans and grants tops theAFP - 495 words
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Article216 1986-11-08 3 Bernama PRESIDENT CORAZON AQUINO will discuss opportunities for fresh investment partnerships and joint ventures resulting from her government's liberalisation programme when she meets about 500 women business owners and entrepreneurs from 35 countries in Manila from Dec 1 to 5 for the First International Women's NetworkingBernama - 216 words
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Article815 1986-11-08 3 ARRIVALS Operator Srvki number Local timo From MAS CV KAL MAS MAS AC CPA RSA OA SIA SIA THAI SIA MAS GIA SIA SIA GIA SIA SV SIA SIA GIA SIA SIA SIA GIA THAI KLM SIA THAI CPA MAS MAS GIA SIA MAS BA Al UTA815 words
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250 1986-11-08 3 Reuter NEW ZEALAND'S gross domestic product (GDP) grew a seasonally adjusted provisional 3.5 per cent in the second quarter against a revised 2.3 per cent fall in the first quarter and a revised 2.0 per cent increase in the second quarterReuter - 250 words
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Article254 1986-11-08 3 AFP TAIWAN is expected to achieve an economic growth of 9 per cent in 1966 with a record foreign trade of more than US$6O billion, an official of the Council for Economic Planning and Development said yesterday. As a result, he added, the country's foreignAFP - 254 words
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118 1986-11-08 3 AP SEVEN CHINESE cities have been chosen to implement some important government decrees on a trial basis before they are put into effect nationwide, the official Xinhua News Agency said on Thursday. The State Council decided that the cities will try out decreesAP - 118 words
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148 1986-11-08 3 AFP EXCESSIVE levies are crushing Chinese enterprises and the State Council should do something about it, Communist Party leader Hu Yaobang has said. The English-language China Daily newspaper on Thursday said Mr Hu issued the call in early October after he received a letterAFP - 148 words
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435 1986-11-08 3 PETER JANSSEN - By PETER JANSSEN in Bangkok IN RESPONSE to the Democrats' success in the US Congressional elections and the belief that the political tide will consequently shift towards more protectionism in the US, Thailand's Export Development Committee has doubled its budget for employing US lobbyists435 words
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159 1986-11-08 3 Reuter TAIWAN'S new opposition party, gearing up to challenge the ruling Kuomintang at the polls, broke new political ground on Wednesday by unveiling a party constitution calling (or self-de-termination (or the island. The Democratic Progress Party (DPP), formed last month in defiance of a 37-year-oldReuter - 159 words
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292 1986-11-08 3 AP INDIAN Prime Minister Rajiv Gandhi's governing Congress (I) Party yesterday formed a new coalition in the strategic Kashmir state with the rival political party that was ousted two years ago. Former chief minister Farooq Abdullah of the opposition National Conference Party wasAP - 292 words
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Page 3 Advertisements
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Advertisement60 1986-11-08 3 "I" I I "\g I The business person's choice, every I I II \II 11 II I Tuesday, Thursday, Saturday and I 1 II I a 1 aI \l Sunday. Leaving Changi Airport at M 1 22: CX) hours and arriving at Heathrow at 06:50 hours the following morning. Call60 words
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Advertisement590 1986-11-08 3 9 THE DAI-ICHI KANGYO BANK. LTD. W (INCORPORATED IN JAPAN) BALANCE SHEET AS AT 31 MARCH (YEN IN MILLIONS) 1966 1965 ASSETS Cash and Due from Banks 7.052.400 Call Loans 1.678.766 Trading Account Securities 169,724 Securities 3.*****9 Loans and Bills Discounted 19,407,681 Foreign Exchanges 793^75 Other Assets 1.750.589 Premises and590 words
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Advertisement12 1986-11-08 3 US Congr— likoly to push hard for trad* protection bWo, Pago 412 words
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REST OF THE WORLD
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Article, Illustration620 1986-11-08 4 Treasury's anti-inflationary strategies will not be undermined Reuter BRITISH Chancellor of the Exchequer Nigel Lawson said higher public overheads had forced him to raise government spending targets, but insisted this would not undermine the Treasury's fiscal policy and an-ti-inflationary strategies. In his autumn statement to ParliamentReuter - 620 words
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Article262 1986-11-08 4 AFP OIL CONSUMPTION in the non-communist world should increase 3 per cent over the third quarter of the 1906, requiring either an increase in output by the Organisation of Petroleum Exporting Countries (Opec) or a draw-down of stocks or both, the International Energy AgencyAFP - 262 words
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Article82 1986-11-08 4 UPI THE SPANISH government has promised Argentina that its fishing fleet will ignore a British demand that trawlers operating around the disputed Falkland Islands obtain permits issued by London. Foreign Minister Francisco Fernandez Ordonez made the pledge to Argentine Deputy Foreign Minister Jorge Saba to whoUPI - 82 words
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303 1986-11-08 4 AP WEST GERMAN Chancellor Helmut Kohl's Christian Democratic Party i> hoping (or an upset victory tomorrow in Hamburg state elections, the country's last major election before national balloting in January. The Christian Democrats hope that high local unemployment and politicalAP - 303 words
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530 1986-11-08 4 Reuter THE NEW CONGRESS elected this week is likely to be assertive in pushing for trade protection bills, but will probably lock horns again with a fiercely freetrade President Ronald Reagan, economic analysts say. At the heart of the battlesReuter - 530 words
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149 1986-11-08 4 Reuter FRENCH gross domestic product < growth is unlikely to exceed 1.9 per cent this year and 2.2 per i cent in 1987, the BIPE (Bureau i d'lnformations et de Previsions j Economiques) Economic Insti- i tute said yesterday. i Its forecasts were substantiallyReuter - 149 words
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RAW MATERIALS
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Article139 1986-11-08 4 Chlniii Product Exchange StNiff' nooa ciosioQ pficti on Nov 7 (SS/100 kg). Coconut oil Bufc. FOB 45.00 Ok) drum FOB 62.00 New drum FOB 58.00 Copra Mixed (loose) 38 buyers Pepper Muntok White FOB NLW 1370.00 Sarawak White FOB faq NLW 1355.00 Sarawak special block FOB NLW 952.50139 words
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Article103 1986-11-08 4 THE PUCE sf tin sa the Kaala 1 Tia Market fell tJ eeats te MflftJt per kg yesterday lack sf bayiag Ike (all wee malaly a price adjustment aimed at brtagtag the ELTM late Hae with the lewer Earepeaa tree market. Taraever reee te M teases (rem M103 words
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Article320 1986-11-08 4 RAS prices m S nutiAf, FOi m I >oW> NOON CLOSE tuymn JPPI Buyers SaHsrs Int 1 RSS Prompt 183.00 184.00N ***** 183.00N Int 1 RSS D«c §6 183 00 183.50 182.00 182.50 Int 1 RSS Jon 87 183 SO 184 00 182.25 182 75 Int 2320 words
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Article105 1986-11-08 4 (caNtt/kf, 1-tM poMttt) DEC 86 JAN 87 (currant month) (forword month) NOON NOON RAS S#8ors Bwy«rs c .M jtnin SSR 20 170.50 I72.50N 171 50 173 50N SSR 50 167 50 169 SON 168 50 170 50N MRELB SciUn B«iy«n SMR CV 286 00 288 OON 287105 words
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Article318 1986-11-08 4 BINQAPORE The market closed lower yesterday with December One RSS buyers quoted at 182.00 cents a kg. down 2.25 cents from Thursday. The morning session lost 1.75 cents on some long liquidation in quiet trading. Prices lost further ground in quiet afternoon trading on some long liquidation mainly on318 words
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Article69 1986-11-08 4 OIL PRODUCTS ALL PRODUCTS stable in the East Asian petroleum market yesterday. Closing prices for crude (fob origin) US$/borrel Change Dubai (Dec) 13.48 unch WTI, West Texas Intermediate, (Dec) 15.08 +0.13 Closing prices for products (fob Singapore) US$/barrel Change Kerosene 19.50 unch Gasoil 15.55 unch LSWR (Low Sulphur Waxy Residue)69 words
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Article66 1986-11-08 4 Bangkok (US$/toMM. FOt) White Rice 100% 1st doss 255 100% 2nd doss 220 100% 3rd doss 215 5% 205 10% 200 15% 195 20% 185 25% 175 35% 175 Broken Rice A-1 Super 128 A-l Sp«col 125 C-1 Special unq C-1 Ord unq Loonzain Rice 100% 1st grod* una66 words
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Article187 1986-11-08 4 MALAYSIAN crude palm oil prices closed higher yesterday on covering and renewed speculative buying interest, supported by firmness in palm oil futures. Reports of Pakistan buying 12,000 tonnes RBD palm oil for first half December shipment and talk that India took about 17,000 tonnes of RBD palm olein187 words
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Article188 1986-11-08 4 WHEAT FUTURES on the Chicago Board of Trade closed 6V« cents to y« US cent a bushel lower on Thursday after a brief late rally failed to recover midsession losses. Prices were under pressure from the outset, partly on a statement by a member of the Soviet Union's ruling188 words
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Article175 1986-11-08 4 SOYBEAN FUTURES on the Chicago Board of Trade closed 3V< US cents a bushel lower to one cent higher on Thursday, as prices posted a modest late recovery from the lows of the day. November came under pressure from the start of trading in response to deliveries of 1.1175 words
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Article783 1986-11-08 4 COFFEE Robusta closed firmer on Thursday af- 1 ter a relatively dull day, with prices ending the afternoon session £65 to £14 < above Wednesday's close, near the J middle of the day's trading range. Commission and trade house buying 1 in the nearby contracts pushed Novem- 1783 words
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Page 4 Miscellaneous
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Miscellaneous41 1986-11-08 4 Doonesbury m w M 1 "9 iWi W< Wi 2ir< SJID 3M *a 35 0$ I t U.'l" 10 I i BY GARRY TRUDEAU )V HeajULDNTKHffemtf, >J BUT J KNOW THAT THIS 15 AS JCNOUSA MY FOR-HIM ASntSFORMZ! •■v /?V >r41 words
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BANKING AND FINANCE
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448 1986-11-08 5 MBT THE MALAYSIAN depos-its-taking cooperatives (DTC) are relying on banks and finance companies to step in to provide them with the much needed financial backing to meet commitments to their depositors. As one after another of the proposals to rescue as manyMBT - 448 words
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374 1986-11-08 5 Reuter BANCA GARRIGA NOGUES' reported US$52B million net loss for 1966 points to lingering shakinSSS in the fipiirieh henlring industry, hsnking sources said on Thursday. Baaca Garrisa Noeues, which lost US$6O million last year, is a group member of Banesto, Spain's second biggest commercial bank,Reuter - 374 words
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Article178 1986-11-08 5 Reuter PERU'S government is extending for three more months a moratorium on repayment on the principal of an estimated US$4.4 billion owed to private foreign banks. A presidential decree published in the official gazette on Thursday unilaterally rolled over principal until Feb 4, 1987, and setReuter - 178 words
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125 1986-11-08 5 Reuter SHANGHAI'S foreign currency adjustment centre handled two transactions worth US$lOO,OOO on its first day of business on Thursday. The China Dally said one involved a Sino-US Joint venture which needed foreign exchange to buy imported parts and materi- al and purchased it from aReuter - 125 words
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Article734 1986-11-08 5 SINGAPORE: The US dollar closed firmer yesterday against major currencies in (airly active trading, helped by late buying ahead of the announcement of US unemployment data. Dealers said the dollar's rise was prompted by speculation that US October unemployment figures would show higher payrolls and unchanged-to- lower Jobless734 words
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Article45 1986-11-08 5 RESULTS OF TENDER held yesterday for 91-day bills to be issued from Nov 10 to Nov 14: Ottered: $100,000,000 Applied Isr: $303,000,000 Allotted: $100,000,000 Accepted Mis: $99.53 and higher bids in full. Avenge rate st diseewit m aUetmeat: 1.875 per cent per annum.45 words
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Article170 1986-11-08 5 Interbonk rotes at 3pm yostordoy: CWVMIBI MmAMI rUM IMMUMIM Ltcci 4#llofi mm «Nt if farmgn CWVVKf. omm a US doSar Sttrtnfl pound Austrafean dokr NZ dolor Canodtan doiar 2.1925 3.1199 1.4086 1.1203 1.5784 2.1935 3.1235 1.4115 1.1230 1.5803 2.8196 7.3469 3.4286 3.4286 3.4206 -22.24 -57.53 -58.92 -67.32 -53.86170 words
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Article280 1986-11-08 5 HONGKONG: The metal dosed lower yesterday on late selling by Swiss interests but trading was slow throughout due to a lack of fresh factors. Bullion settled at U*****.20/70 an ounce against an initial U*****.60/410.10 and New York's final US$4lO.OO/50. On the local market, gold finished HK$47 higher at280 words
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Article, Illustration343 1986-11-08 5 Asian market ASIAN DOLLAR deposit rates doeed slightly firmer yesterday compared with Thursday's levels, after s day of light trading. Dealers said lower US bond prices and poor reception for the US Tressnry suction of USH J5 billion of 30-year notes underpinned rates. Most operators were awaiting yesterday's release of343 words
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Article614 1986-11-08 5 WEAKER-than-expected demand for the 30-year US Treasury auction and technical selling saw the December T-bend gapping down at 17.05 at yesterday's opening. Prices slipped further and touched a low of 96.20 as dealers who were caught net long after the auction began to liquidate. News of At» Dhabi surprise614 words
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Article130 1986-11-08 5 THE OVERNIGHT rate on the Singapore interbank market closed at 1-5/8 per cent yesterday, up 3/8 point from Thursday. The one-month term rate Ml by 1/8 point, the two-month rate Ml by 1/lf point while the three month rate waa unchanged. CC Ltarlinnl imertKini i rotes ot 7pm130 words
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Page 5 Advertisements
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Advertisement237 1986-11-08 5 NOTICE IS HEREBY GIVEN that, I Tan Chai Kim of No. 24K Florence Rd Singapore (1954), have applied for a Second Class Beer House licence in respect of premises at M/s Albert Snack House at 60 Albert St., #03-25, Albert Complex Singapore (0718), and that this application will be heard237 words
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Advertisement236 1986-11-08 5 NOTICE NOTICE IS HEREBY GIVEN that, I Yip Peng of No. 6, Jalan Tenteram #06-215. Singapore 1232, have applied for a First Class Beer House licence in respect of premises at M/s Red Yip Restaurants k Sea Food at Guilemard Rd #01-387 L0r.34 Geylang Rd Singapore 1439, and that this236 words
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Advertisement240 1986-11-08 5 NOTICE NOTICE IS HEREBY GIVEN that, I Teo Si Swee of Blk. 709 Bedok Reservoir Road #02-3856 Singapore (1647), have applied for a Retail Liquor Shop licence in respect of premises at M/s Tai Heng Market Produce Blk 742 Bedok Reservoir Road #01-3106 Singapore (1647), and that this application will240 words
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Advertisement236 1986-11-08 5 NOTICE NOTICE IS HEREBY GIVEN that, I Yeo Ah Moi of No. 175, Ang Mo Kio Ave 4 #10-765. Singapore 2066, have applied for a Retail Beer Shop licence in respect of premises at M/s Pelita Emporium at 4-5 Tanjong Pa gar Plaza #02-01 Singapore 0206, and that this application236 words
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Advertisement236 1986-11-08 5 NOTICE IS HEREBY GIVEN that, I HIDENORI KITAZAWA of No. 3. Jin. Anak Bt. #25-04 Singapore 2158, have applied for a Second Class Beer House licence in respect of premises at M/s Yaohan S'pore Pte Ltd. at Parkway Parade, 80 Marine Parade Rd. #81-84 Singapore 1544, and that this application236 words
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TIME-OFF
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Article533 1986-11-08 6 Tennis go for gold THERE'S NO DENYING that the recently-con-cluded Carlsberg Singapore Women's tennis championships went down as smoothly as pink champagne and that, even now, the organisers are in the praise that has been showered on them from all quarters of the fraternity. But let's grant them that. Everyone533 words
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Article, Illustration592 1986-11-08 6 ANNA TEO - By ANNA TEO IMAGINE some 2,000 pairs of feet, many from lands afar, trampling across what countryside and dirt tracks are left in Singapore, chasing an elusive paper trail And imagine an equal number of, if not more, gallons of booze that are downed at the592 words
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610 1986-11-08 6 STRAWS in the Wind 1\ \V I TWO WORDS used by ministers in their speeches this week did not make it to the news pages. We publish them below (or the benefit of readers who enjoy increasing their so-called "word610 words
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Article, Illustration225 1986-11-08 6 "BE THERE or be square" warned the invitation to Saxophone's first birthday celebrations, spread over three nights of live music and revelling. The party was to have begun on Thursday evening but the first phone-csD about a ratter sandy delivery required for the reggae beach party225 words
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Article950 1986-11-08 6 What's on from Nov 8-14 HhhhMHH CONCERT: 880 Feeturee Velter Dmpal). Victoria Concert Hall. •.15pm. Programme: Bonporti's concerto grosso op 11 no 9, Schumann's cefto concerto in A minor op 129 and Sibelius's symphony no 1 in E minor op 39. Tickets at $4, $7, $10 and $1d from950 words
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Article, Illustration220 1986-11-08 6 THE Singapore Symphony Orchestra will feature Kaith Ruddy (above) aa soloist for tta concart on Nov 14 and 15. Mr Ruddy, who performad in Singapore two yaara ago aa part of the 'London Wind Trio, will perform Mozart's concerto for clarinet and orchestra in A,220 words
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Article, Illustration395 1986-11-08 6 Mike Thumba - ar Mike Thumba Safety Plays WHEN A CONTRACT is in jeopardy, the expert player visualises a distribution of cards which will enable him to make his contract. He then plays as though this were the actual distribution since this is the only way to win. When a declarer has395 words
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SPORTS
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Article, Illustration684 1986-11-08 7 BRIAN MILLER - Lion City Cup race go for Workaholic By BRIAN MILLER RAIN OR SHINE, the pace is going to be a cracker when 15 of thebest sprinters in Singapore and Malaysia line up for the Lion City Cup race at Bukit Timah tomorrow. But then again, how can it be any684 words
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Article342 1986-11-08 7 AFP NEW ZEALAND and America II maintained their lead over rival America's Cup challege contenders yesterday, scoring more wins despite time lost due to torn sails. Clear skies, good winds and smooth seas provided few surprises as the 12-metre yachts competed on day sixAFP - 342 words
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230 1986-11-08 7 Reuter LEE TREVINO, the first US Ryder Cup captain to lose for 28 years, has labelled his golf team "cry babies". Trevino, whose non-playing captaincy was criticised by some members of his team, has broken his silence 14 months after Europe's victory on the BelfryReuter - 230 words
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345 1986-11-08 7 AS TENNIS fans waited in anticipation d a semi-final classic, India's Enrico Piperno spoiled the script with a quarter-final upset in the DHL Singapore Open grasscourt tennis championships yesterday. The pudgy Piperno beat world number 280 Morten Christensen 14, 6-3, 64 to prevent the expected345 words
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Article, Illustration354 1986-11-08 7 WALTON MORAIS - •y WALTON MORAIS ANNIVERSARIES are for reminiscing. And 65 years after the first Singapore Open grasscourt tennis championships graced the Singapore Cricket Club courts, the Republic will tomorrow remember one of its legends. In a move that will warm the hearts of all354 words
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Page 7 Miscellaneous
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Miscellaneous1120 1986-11-08 7 iMsmmm SATURDAY MIGHT MOVIE tOJOpm, Channel 5 i* A 4 K i t m Broker is a seasoned Los Angeles detective teamed with a young sidekick to investigate a murder that reaches into Hollywood's music video and adult movie trade. The victim is Kate Taylor, killed while working in a1,120 words
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Miscellaneous793 1986-11-08 7 CRYPTIC PUZZLE ACROSS 9 For the mofority, the high spot (4, 4) 10 The currant look (3) 11 Otherwise I wi hove a drink from the source (6) 12 Possibly one's right to take on a foreign lody (6) 13 Stops hoarding corn, which makes on* popular (7) 14 You've793 words
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INTERNATIONAL STOCKS
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Article125 1986-11-08 8 Reuter LLOYDS Bank PLC has received approval from the superintendent of banks of the State Ranking Department of California which would enable Lloyds to acquire up to 30 per cent of the shares of Standard Chartered PLC. The board of governors of the US FederalReuter - 125 words
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296 1986-11-08 8 Reuter THE NEW YORK Stock Exchange and the Chicago Mercantile Exchange have formed a Joint task force to examine the establishment of a trading link between the two markets, NYSE president Robert Birnbaum said. In a Joint news conference with Chicago MercantileReuter - 296 words
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Article42 1986-11-08 8 Reuter EXCO International PLC subsidiary WI Carr Overseas Holdings Ltd has shed a significant number of senior staff, according to Exco's financial director Richard Davey. There were no details of how many staff had resigned, Mr Davey said.Reuter - 42 words
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312 1986-11-08 8 Reuter WALL STREET stocks closed lower on Thursday in moderately active trading after making a partial recovery from midsession lows. The Dow Jones Industrial Average feU 7.45 to 1,891.59. Declines led advances by a threetwo margin. Volume fell to 166.56 million shares fromReuter - 312 words
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Article121 1986-11-08 8 NOV 06 c$ 26 Imp CM Q A Inco hi Prov Pp« lu Intl 47* 18 38* 18* unch 43* -Vk Kerr Addson 16* 13* 12* 42 unch Bonk Of Montreal 33* 37* unch MoKon A Moor* Corp 22* 29* 33* 21 27* 6* 28* 26U ConodKin imp Bark121 words
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Article194 1986-11-08 8 140 2 NOV 06 lo»4 75 inch 1460 10 INDUSTRIALS A Alpha Abarcam ***** 260 unch unch MININGS 6925 +100 A«ci 1450 25 5 35 50 Angvool ***** 500 Amoprop AMIC 5000 Bhrvoof Butt* 2250 8500 •50 -50 tvich C G Mh 3)50 Chorr«f 1700 ***** CNA 300 10194 words
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Article634 1986-11-08 8 NOV 06 US$ AJcon Ah*r*n Alcoa AJ«g M AJk*d Sag Al«j Storot Afe-Chohnore Am Brandt he Am Can Co Am Cronamd Am Eloc Pwr Am Exprou Am Homo Prod Am Motor* Cp Amox Ine Amcroda Hm Amoco Corp Amr Corp Aimco he Asarco Inc Art Richhotd An Avon634 words
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Article804 1986-11-08 8 Amsterdam NOV 06 Fk A8N 547 SO -3 5 A*gon 91 00 02 Ahotd 107 30 1 3 157 00 3 Aktnto 151 40 -0 2 AMfV 75 00 -04 97 30 4 1 3 124 00 02 33 80 03 Bob 170 80 2 Borvumn 142 00804 words
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Page 8 Advertisements
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Advertisement600 1986-11-08 8 Wtere to «te, «Uii« «d esitortala r:2 TEOCHEW PORRTDGF BUFFET $5 SO pjit-s at r evtaee N ■?'5O- mrv'hrimH*/ (Wv (per person) You can enjoy savoury l homely cftshes such as braced pork steamed stuffed bean curd sambaf bnryal fned salted fish 9 sauteed chicken with mushroom 9 sauteed chai600 words
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Advertisement119 1986-11-08 8 London stocks on Pago 11 4^' And now, for your great pleasure, may we present our clever combination of culinary craft and calisthenic capabilities, the incomparable Long Jiang Sichuan Prawn Roll. Send one tumbling through a succulent sauce. Sensational. Come for lunch or dinner anyday. cf&wri #HUNCE HOTEL 270 Orchard119 words
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ASIAN STOCKS
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Article330 1986-11-08 9 HONGKONG: Share prices yesterday closed lower on moderately active profit-taking by overseas investors, partly due to unfavourable technical positions, brokers said. The Hang Seng Index lost 12.27 points to 2,218.38 and the Hong Kong Index was off 6.90 to 1,404.29. Turnover eased to HK5555.86 million from $887.24 million. NOV330 words
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Article238 1986-11-08 9 NOV 07 A1 Snctra Indus MT 1 66 27 80 0 2 Kofin Kuochon Dav Laa Chang Yuan Cham Indus 26 40 2290 29 80 +0.3 +0.2 -0.3 35 50 Lian Hwo Indus 22 40 1 41 00 08 35 10 +03 27 40 06 Pocrftc Cora 24 .10238 words
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Article442 1986-11-08 9 TOKYO: Prices closed broadly higher yesterday with buying centred on domestic demand and land redevelopment related stocks. Sentiment was helped by the Democrats' U S Congressional election victory, Japanese Lower House passage of a supplementary budget on Thursday and technical factors, btokers said. The market average climbed 215.29 to442 words
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Article80 1986-11-08 9 MOV 07 fmm Morttaal 0 023 unch A cot* Mining Anglo Phi 0024 unch Phiax B 0.34 unch Apax Minira B 0 022 unch PScop B PLDT 277 50 -2 5 Altai Con. b Son Miguai B Saofront 79 50 ■0.5 0007 -0 0005 0013 inch Banguat Con. B80 words
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Article437 1986-11-08 9 SYDNEY: Heavy demand for industrial stocks and a strong gold sector yesterday spurred Australian share markets to close at record highs in active trading. A US$4 rise in the gold price in New York overnight, cuts in commercial prime rates and hopes for further falls in domestic interest rates437 words
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Article120 1986-11-08 9 Kal 1305 46 MOV 07 Wan Kangwon bid Kio Motor Koton M 955 -4 CM Sugar 1910 1 1 56 1956 36 D<Mim 1nd Daewoo Corp 1230 Korea Long Term Lucky Ltd 1450 1550 30 48 Daewoo Haovy Daahn S«cjilm Dong Ah Phar Dong Si4t Stock 1300 2790 M0120 words
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Article147 1986-11-08 9 Reuter BANGKOK: The Stock Exchange of Thailand Index was down 2.71 to 181.84 on a turnover totalling 1,296,028 shares worth 192.17 million baht. Reuter MOV 07 ■ekt Starr* Cement 7S3 -12 Ao Khom Thai Sram Gtaent Aim Ffcre Ayudhyo hmrtimnl Agro-fctd BanAak Bank Bonk Of Ajjjdhya Charoong Thai WireReuter - 147 words
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Article39 1986-11-08 9 Reuter FURNITURE retailer and investment company, Malcolm Reid and Co Ltd, has agreed to acquire the Patersons group of furniture retailers from the Great Universal Stores PLC of Britain for about As 24 million. ReuterReuter - 39 words
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351 1986-11-08 9 AP THE CHAIRMAN of the New York Stock Exchange left for China on Thursday, Invited by Beijing to help teach them more efficient ways to raise money through the sale of stocks and bonds. Chairman John Phelan will head a delegation of 20AP - 351 words
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238 1986-11-08 9 Reuter SHAREHOLDERS have approved unanimously a proposed 1.5 billion baht capital increase by Siam City Bank Ltd after it was instructed to initiate the move by the Bank of Thailand. Rank officials yesterday said a shareholders meeting in Bangkok agreed on aReuter - 238 words
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Article192 1986-11-08 9 AP GENERAL MOTORS' decision to close 11 plants employing more than 29 000 workers is «peeled to place increased pressure on Japan to limit or reduce exports, an official of the Japan Automobile Manufacturers Association said yesterday. "Because of these Job losses, we expect anotherAP - 192 words
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Article102 1986-11-08 9 AFP NIKKO SECURITIES, one of the four main Japanese securities firms, has been admitted as a full member of the iExchange, Joining its major rival Nomura, which was accepted last summer. In spite of the nh«wM««Hw of the London market last week, the BritishAFP - 102 words
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Page 9 Advertisements
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Advertisement127 1986-11-08 9 Wbere to wlae. diac and eaMi K t -INDONESIAN RESTAURANT- LEVEL 3 /fl* po"° Opening Hours /fATI I Singapore 1130 am 230pm 600pm 1030pm \S/llno»«< 405 Havelock Road Singapore 0316Te1: 733 2081/88 m m i I II ITT i i i :T Ti i JIT I I T I I127 words
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Advertisement128 1986-11-08 9 übertufi (S)rtll 4 3 1 Hooray for Sunday! Sunday Brunch at the Hubertus Grill. Make it an occasion for the whole family. Sausages, bacon, oysters, smoked salmon, tasty entrees... right through to pastries, puddings, fruit salad and cheeseboard Sunday Brunch: 11 am 2.30 pm. $24 for adults. $12 for children128 words
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Advertisement178 1986-11-08 9 o .Discotheque n\7 LADIES NIGHT YcJf NO COVER i y 4 CHARGE r Sunday to Level 4 Wednesday Watch some of Singapore's best looking men vie for the coveted title of Mr Personality 1986 Semi-Final: Nov 12 Preview: Nov 19 Grand Final: Nov 26 EZcfSorHolcl 5 Coleman Street. Singapore 0617.178 words
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Advertisement175 1986-11-08 9 ooimeGs ■u. ri i isj THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon art an ungourmet price l For starters, take your pick o< our cotd dishes prawns on ice. fresh oysters, smoked sotmon. melon ana Oned ham. vegetable temne. mixed seatooa salad. cooked assorted vegetables175 words
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Advertisement150 1986-11-08 9 2 TOP BANDS nightly V MotfPOpUMf < i oJSTeend 1 HOTDiSCO •COUNTRY SENTIMENTAL POP ROCK• and you name it!! Singapore's very own Slim Whitman with country favourites and Happy Hours: 12 noon 7pm Buy on* ft gmt one Premium Brand* ft bottle rate* 25% off. CAIRNHILL HOTEL 19 Caimhill Circle.150 words
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SHARE INFORMATION
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Article, Illustration4129 1986-11-08 10 SHARE PRICES, led by tobacco stocks, closed significantly lower across the board yesterday. Doubledigit losses continued to be seen In certain blue chip stocks but profit-taking activities in selected trustee shares slowed down considerably. The government's firm stand on anti-cmoking laws was cited by4,129 words
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Article242 1986-11-08 10 sir Rises Saaia* 83 W M CaMa* 206 SaaAa* AM 197 M Safe 482 Lm Kiai Tab 50« S3 til*■ i i Mm 472 MMl Bm S»m 374 U 0 I 466 Spar* Bm 390 Falls talk Wi 90* 255 Banaata. 20B CMIwm 580 Nrfitnaat 380 MTC7I<242 words
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Article3831 1986-11-08 10 BID and offer prices officially listed aad business in aad reported to the Stock Excfcaafc o( Singapore yesterday with the wimhw -f tradnl dww hi brackets hi lots at MOO units Time Settlement Contracts are qwrtad after the word "SETT' Bif Board deak (in lots3,831 words
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Page 10 Advertisements
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Advertisement10 1986-11-08 10 KL market report, Business dons on ths KLSE, Psgs 1110 words
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COMPANY NEWS
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218 1986-11-08 11 AMY CHEOK - By AMY CHEOK WANNIAN HOLDINGS' fullyowned subsidiary Furama Hotels Investment has been ordered to be wound up by the Singapore High Court. In an announcement to the Singapore and Kuala Lumpur stock exchanges yesterday, Wannian said that Messrs K Subramaniam and Wong218 words
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Article119 1986-11-08 11 JACK CHIA-MPH has announced that Mr Jade Chiarapurk revoked the appointment of Esther Tan Sok Hwa as his alternate director on Thursday. MING COURT Betel LM has appointed Mr Wong Aun Phui and Mr Wong Tee Fatt as directors with effect from yesterday. Mr Wong Tee Fatt has119 words
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185 1986-11-08 11 MBT THE MALAYSIAN Investors' Association has suggested that shares under suspension on a voluntary basis should be relisted at the earliest possible date. Suspension at the request of the companies should also carry a time limit, says the association. The association suggests thatMBT - 185 words
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528 1986-11-08 11 SENTIMENT remained poor and share prices retreated for the fourth consecutive day on the Kuala Lumpur stock market yesterday. There was a dearth of buying interest and prices were eroded by persistent light selling. The retreat was over a wide front and double-digit528 words
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Article, Illustration150 1986-11-08 11 EIGHTY-FIVE-YEAR-OLD Lee Kim Tah, the founder and chairman of civil contracting group Lee Kim Tah Holdings, is stepping down from the helm from Dec 1 this year. Advanced age and health were cited as reasons for Mr Lee's retirement from the holding company150 words
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Article, Illustration309 1986-11-08 11 CHAN OI CHEE - By CHAN OI CHEE SHARES OF Sealion Hotels bucked the general downward trend on the stock market yesterday, on rumours that a Brunei buyer is negotiating to buy a majority stake in the cash rich company. The shares were hotly pursued and shot up309 words
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315 1986-11-08 11 MALAYSIAN Assurance Alliance Bhd, an insurance company controlled by the Melewar group, has come up with fresh terms to acquire a 20 per cent stake in MBf Finance Bhd. MAA now wants to buy the stake by isudng two new MAA shares315 words
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Article2088 1986-11-08 11 BID and offer prices officially lifted and badnM in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded showm In brackets in lots of 1,000 units unless otherwise MDUSTRMLS Aom (1838) Ajjowf (3025) 3sss (655) (1) 62.5 (3) 64.52,088 words
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Article736 1986-11-08 11 Reuter THE London Stock Exchange said it was unable to supply yesterday's mid-price service on its topic information network. The FT 30 Index closed at 1303.9 on Thursday, while the FTSE 100 closed at 1648.5 on the same day. A spokesman said he was uncertain how long itReuter - 736 words
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Article106 1986-11-08 11 HONGKONG Hongkong Index Friday 1404.29 Thursday 1411.19 WNk ago 1465.95 Hong Song Indox Friday 2218.38 Thursday 2230.65 W«k ago 2315.63 All Industrials Friday 2214.4* Thursday 2175.1 Week ago 2157.5 NEW YORK Dow Jones Thursday 1891.59 Wednesday 1899.04 Week ago 1878.37 TOKYO Nikkei Average Friday *****.64 Thursday *****.35 WNk106 words
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Article245 1986-11-08 11 Managers' pricos for Nov 8 10 Singapore Unit Trust The Comrrwci 0.92 0.99 The Sovingi Fund 0 83 0.89 S'por* Prog Fund 0.36 0.40 S'por* Sec Fund 0.61 0.66 S'por* Invest Fund 0.70 0.76 S'pore Equity Fund 0.45 0.49 Asia Unit Trust Mai lrw«st Fund 1.26 1.36 Mai245 words
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Page 11 Advertisements
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Advertisement236 1986-11-08 11 NOTICES IN THE MATTES OF THE COMPANIES ACT, CAP. IK SAM VBHON PR LTD (la Vataatery LIiMHW) At an Extraordinary General Meeting of the above company held at 10 Anson Road, #10-03 International Plaxa, Singapore 0207 on 31st October 1066, the following special resolution was passed:-WINDINO-UP "That SliM VISION PTE236 words
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Advertisement268 1986-11-08 11 OFFICIAL NOTICE PROPOSAL TO CHANGE OF Mill We, Prosperity Five Enterprise Pte Ltd of 7500 A,. Beach Road #11-303 The Plaza Singapore 0719 hereby give notice that In consequence of our purchase a dumb barge FM M/s Kim Heng Marine Pte Ltd h Pac- Asian Offshore Pte Ltd. We have268 words
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383 1986-11-08 12 LUCY NG - Shipyards received orders worth $515 m in first half By LUCY NG THE SHIPBUILDING SECTOR shows signs of having climbed from the depths. In the first half of the year, the value of orders received was more than seven times that of the whole383 words
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262 1986-11-08 12 INTEREST RATES are poised for another round of reductions with DBS Bank announcing yesterday that it would cut its prime lending rate by a quarter point to 5.5 per cent from Monday. This is the usual signal (or other banks to follow262 words
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94 1986-11-08 12 AFP JAPANESE Prime Minister Yasuhiro Nakasone said yesterday that his government would make all-out efforts to achieve an official target of 4 per cent real economic growth in the current fiscal year, ending in March. It hoped to achieve the growth target byAFP - 94 words
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323 1986-11-08 12 Reuter PHILIPPINE Vice-President Salvador Laurel yesterday backed away from a potentially divisive confrontation with President Corazon Aquino and said that he would support the country's new Constitution. A week ago, Mr Laurel seemed to suggest that he would not campaign forReuter - 323 words
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Article182 1986-11-08 12 Reuter THAI Deputy Finance Minister Supachai Panitchapakdi said yesterday that a new international development bank should be set up to compete with the Work) Bank. Mr Supachai told an Asean banking seminar in Bangkok that the bank had dominated the world financial scene (or too longReuter - 182 words
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Article, Illustration236 1986-11-08 12 AP US SPECIAL Trade Representative Clayton Yeutter says that Opposition Democrats who will control the next Congress should resist the temptation to resort to protectionist trade barriers. "I believe that there is a risk in the early months of 1987, when people come backAP - 236 words
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Article100 1986-11-08 12 Reuter OOMEX GOLD futures eased on scattered selling yesterday morning following a strong dollar. In lacklustre business, gold for delivery in December was down US$l.BO at U*****.60 an ounce after fluctuating in a small range of U*****.50 to US$4lO.OO. Silver futures traded briefly at highs (orReuter - 100 words
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Article71 1986-11-08 12 Reuter WALL STREET stocks yesterday slid as weakness in the bond market continued to put pressure on stock prices. IBM, which declined on Thursday, falling near its 52-week low, remained depressed, putting a drag on blue chips. All of the broader market indices were also lower. TheReuter - 71 words
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LATE FILE
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Article65 1986-11-08 12 Reuter THE US UNEMPLOYMENT rate remained at 7 per cent In October, the ame level as the previous month, the Labour Department reported yesterday. The report came a day after General Motors, the biggest US car maker, ——i that it was closing 11 factoriesReuter - 65 words
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Article38 1986-11-08 12 Bernama MALAYSIA will not recall its High Commissioner to Singapore and its High Commission staff on the day the Israeli President visits the Republic, Malaysian Foreign Minister Datuk Rais Yatim told Parliament yesterday.Bernama - 38 words
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Article60 1986-11-08 12 AFP THE BANK OF JAPAN yesterday decided to reduce bank deposit rates and other commercial rates following a cut in the official discount rate last week to 3 per cent Interest rates will be reduced by 0.12 percentage points on demand deposits and byAFP - 60 words
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Article32 1986-11-08 12 Bernama THE MALAYSIAN and Indonesian armed forces should pool the use of their facilities to Improve cooperation and cut costs, Malaysian Defence Datuk Abdullah Ahmad Badawi said yesterday.Bernama - 32 words
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44 1986-11-08 12 Bernama DOW JONES Publishing Company (Asia) Inc, the publisher ai the Asian Wall Street Journal, filed an application in the g Lumpur High Court yesterday for an order to quash the government's decision suspending the Journal for three months. BernamaBernama - 44 words
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Article104 1986-11-08 12 HAI FENG Marine Pte Ltd, a value-added retailer of US-baaed Concurrent Computer Far East, has won a US$lO million order to supply computer equipment to the China National Technical Import Corporation. The equipment, to be used for data processing in oil and mineral exploration, will be104 words
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Article72 1986-11-08 12 Bernama MALAYSIAN civil servants in Group C and pensioners will have to pay an interest rate of only 5 per cent on their housing loans and not 6 per cent as announced in the recent Budget speech. The interest rate (or Groups A and B, however,Bernama - 72 words
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416 1986-11-08 12 THE EUPHORIA following the previous week's news that Central Provident Fund members can use 40 per cent of their investible savings to invest in stocks, shares and gold, evaporated this week. Trustee shares, which were eagerly sought after last week in reaction to the416 words
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259 1986-11-08 12 AFP THE BRUNEI National Democratic Party, a political group in the Sultanate, said in Singapore yesterday that it wanted Sultan Hasssnal Bolklah to make way for an elected prime minister. BNDP president Abdul Latif Ha mid and secre-tary-general Abdul Latif Chuchu saidAFP - 259 words
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289 1986-11-08 12 UPI CHINA has launched a limited currency trading centre in a bid to address complaints by overseas investors that severe foreign exchange restrictions are hampering business, press reports said yesterday. Xinhua news agency said four customers had traded funds worth US$lOO,OOO on Thursday, theUPI - 289 words
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Page 12 Advertisements
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Advertisement154 1986-11-08 12 CongrMS likvty to push hard for trodo bill, Pago 4 n ORDER FORM Yes, I would like to subscribe/renew Please send the magazine to the following address: Name: Address: Company Desigr^ *.0 kV L Enclosed is cheque/money order no: for $49.00/$7 l 25/564.75. Cheque/money order should be made payable to154 words
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Page 12 Miscellaneous
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Miscellaneous21 1986-11-08 12 Hi Outlook: Cloudy with showers ovur o fow oroos. Report for 24 hours prior to 7.30pm on Nov 7ot tho oirport:21 words
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