The Business Times, 15 November 1986
1986-11-15
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The Business Times
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Title Section12 1986-11-15 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, NOVEMBER 15, IIM 75 CENTS12 words
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Article, Illustration231 1986-11-15 1 STOCK MARKET SHARE PRICES on the Singapore stock market tumbled yesterday amid growing concern about more Malaysian companies being in trouble. Investors became nervous and started to sell. Stockbrokers said institutions, which have been the major buying force, stuck to the sidelines. The Straits Times Industrial index231 words
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Article, Illustration282 1986-11-15 1 FOR YEARS, sophisticated travellers have indirectly honoured Robert Kuok by voting his Shan-gri-La Hotel among the best in the world. Last night, the Singapore tourist industry officially recognised the value of those accolades by adding one of its own, and gave the modest Mr Kuok282 words
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602 1986-11-15 1 LOH HUI YIN - DBS Finance also said to be interested By LOH HUI YIN A SUBSIDIARY of Keppel Corporation has emerged as a favourite to join Singapore's junior stock market when it goes "live" early next year. BT has learnt that Shing Loong Finance is aiming602 words
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369 1986-11-15 1 EXECUTIVES lagged just very slightly behind non-executives in salary increases, if such increases were at all given. But generally, employers were restraining wages, according to a survey of 45 companies in Singapore. The survey, conducted by PA Consulting Services between July 1985369 words
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355 1986-11-15 1 AP PHILIPPINE REBELS suspended peace talks with the Aquino government yesterday after the killing of a leftist leader Rolando Olalia, and up to 5,000 people rallied outside the military headquarters to demand that Defence Minister Juan Ponce Enrile resign. A statement issued in the nameAP - 355 words
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215 1986-11-15 1 QIAM CHIN TOON has been elected caretaker head of the 1,335-strong Law Society following the disqualification of Francis Seow as president because of the amended Legal Profession Act. Mr Giam, a council member since 1979, will only hold office until Dec 31 this year,215 words
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113 1986-11-15 1 Reuter SOUTH KOREAN Trade Minister Rha Woong-Bae yesterday told US Congressmen threatening protectionist legislation that Seoul would help US products to enter the South Korean market. A Trade Ministry spokesman told reporters that Mr Rha had assured a high-powered US delegation that hisReuter - 113 words
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Article, Illustration540 1986-11-15 1 GREATER DEMANDS will be made on the Citizens' Consultative Committees as they extend their role in the future to coordinating activities of Resident Committees and Community Centre Management Committees, Prime Minister Lee Kuan Yew said last night. Better leadership would be required of CCC540 words
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Page 1 Advertisements
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Advertisement139 1986-11-15 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Mora stories, Back Pago HI W OVE GREATER CARRY periof responsiveness plus unmatched durability. Without the need for a separate dubface insert, there is no loss of internal energy when the ctub comes in contact with the ball. The result greater carry. OVER ?3139 words
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Advertisement323 1986-11-15 1 Life after Wimbledon SUCKING ON AN ice-cube and sporting a short haircut projecting his fine Scandinavian features, retired tennis star Bjorn Borg is still every inch a celebrity and he certainly carries himself like one. Actually, he has never looked better. Borg talks to BRIAN MILLER about his 'new' life323 words
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Advertisement7 1986-11-15 1 Seoul's trad* surplus with US, Rags 37 words
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Advertisement137 1986-11-15 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM A WHOLE WORLD OF OPPORTUNITIES At Banque Indosuez, we've been serving Singapore as far back as 1905. Our office is part of a vast Asian and Australasian network spread over 18 countries including among others, New Zealand, Australia, Papua New Guinea, Japan, Korea, China,137 words
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HOME NEWS
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351 1986-11-15 2 JUNE LIM - By JUNE LIM A CONTRACT to build a jack-up oil rig haa bean won by Par Eaat Levingston Shipbuilding. The $100 million order from Vietaopetro, a Soviet-Vietnamese joint venture, ia the first rig order for the company and Singapore in years.351 words
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Article, Illustration365 1986-11-15 2 ANNA TEO - By ANNA TEO ONLY SIX YEARS AGO, cloeure was facing Jaguar Cars. Within four years, it was to become the best-paying company in Britain's motor industry. The luxury carmaker's now almost legendary recovery and the lessons that can be learned from it were outlined to365 words
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131 1986-11-15 2 FACTORIES will have six months to make sure their workers are outfitted with helmets and boots that meet safety standards set by the Singapore Institute of Standards and Industrial Research (Sisir). This requirement, which follows a recent Sisir survey which showed that131 words
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183 1986-11-15 2 AMENDMENTS have been made to five sets of regulations governing electrical installations. To come into effect on Dec 1, the amendments by the Public Utilities Board will mean higher maximum fines as a measure to deter unsafe electrical practices. They will also help183 words
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88 1986-11-15 2 THE DIRECTOR-GENERAL for external relations of the European Community Commission, Leslie Fielding, arrives on Tuesday night for a two-day visit. During his stay, Mr Fielding will call on the Permanent Secretary (Trade Industry), Ngiam Tong Dow, and the chief executive officer of the88 words
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216 1986-11-15 2 MORE THAN 100 Housing and Development Board blocks of rental flats have been earmarked for redevelopment and the board will offer residents and shops affected a resettlement programme. These blocks, with a vacancy rate of over 30 per cent, are in216 words
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Article, Illustration375 1986-11-15 2 PA ST CLAIR BRAUDE has been appointed manager, inter-* national banking unit of Standard Chartered Bank. He takes over from W A J Newman. Mr Braude, who was formerly senior loans officer in the international banking division, will now be responsible for the bank's Asian currency unit,375 words
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Article120 1986-11-15 2 BUKIT BATOK NEW TOWN will be equipped with a $4.9 million swimming complex within the next six months. The complex, which will have three pools for competition, teaching and wading, will occupy a two-hectare site at the junction of Bukit Batok East Avenue 6 and120 words
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201 1986-11-15 2 A SEMINAR on retailing today is being organised by the Singapore Retail Merchants Association in conjunction with the National Productivity Month. The seminar, which will be held on Tuesday, Nov 18, will be officiated by Mr Chew Heng Ching, the Member of201 words
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127 1986-11-15 2 A ONE-DAY seminar on the latest tax legislation and tax-plan-ning strategies will be held later this month. Organised by the Real Estate Developers' Association of Singapore (Redas) in association with Arthur Andersen Associates Pte Ltd, the seminar will cover tax incentives, corporate and personal127 words
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366 1986-11-15 2 LISA LEE - By LISA LEE THE HUMAN ORGAN Transplant Bill has been described as the only logical alternative to dialysis, living-donor transplant or death for victims of end-stage kidney disease. As the bill is based on presumed consent, it will also remove the need366 words
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Article, Illustration196 1986-11-15 2 PRESIDENT WEE KIM WEE will officiate at the opening of National Heart Week on Nov 22. The theme for this year is "The Community Role in HeartAttacks", according to Dr Wu Dar Ching, the chairman of the organising committee. "We want to emphasise the196 words
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Article1171 1986-11-15 2 AT CONVENTIONAL WHARVES Sungei Belait/B Shoun Leo J3 J10 1511/0730 1511/0730 1511/2300 1511/1900 VMM) Bam It Arrival Departure Shoryu Maru JI1 15.11 1005 15.11/1800 KEPPEL WHARVES Auby Eostern Glory Gombelo lucky Star Equotor Fjord Thistle Frotasingapore llmamui MARINA WHARVES K25E K20 K19 K20 K22 K15 K35 K271,171 words
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Page 2 Advertisements
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Advertisement11 1986-11-15 2 77 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day11 words
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ASIA-PACIFIC
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345 1986-11-15 3 AP SOUTH KOREA'S trade surplus with the US roee to a record US$5.9 billion in the first 10 months of this year, a large increase from last year's U553.27 billion, the Economic Planning Board said yesterday. The government board predicted the surplusAP - 345 words
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126 1986-11-15 3 AFP HONGKONG'S domestic exports in the first nine months of 1966 have risen 14 per cent to HK5106.4 billion sgeinst yearago figures. Official figuree released on Thursday show that re-exports in the same period were up 9 per cent to HK$B5.3 billion. Total valueAFP - 126 words
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Article812 1986-11-15 3 ARRIVALS OporaA of Sorvtco Local prom MAS MH671 ttmo 0920 KUL AC AC858 0950 YYZ/LHt/BOM CPA CX710 1015 CGK ISA ***** 1030 »WN GU GA960 1100 CGK StA SQ105 1105 KLM. SU SQ201 1145 CGK THAI TG403 1155 BKK SIA SQ191 1155 PEN MAS MH682 1230 KCH812 words
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243 1986-11-15 3 UPI AN AUSTRALIAN proposal to freeze agriculture subsidies by major food exporting nations was given support by the European Economic Commissioner for External Relations and Trade, Willy de Clercq. The freeze was proposed by Australia during the fifth round of Australia/European ministerial talksUPI - 243 words
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354 1986-11-15 3 Reuter SRI LANKAN President Junius Jayewardene meets Indian Prime Minister Rajiv Gandhi in Bangalore, India, today for talks which diplomats say will mark a turning point in the Tamil separatist war on the island. "The discussions will result in either a worseningReuter - 354 words
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597 1986-11-15 3 NYT MARTIN LEE is a thin, bespectacled barrister who according to some of his critics threatens Hongkong's prosperity and even risks bringing class war to this normally apolitical British territory. His offence? Mr Lee is an outspoken proponent of direct elections to choose Hongkong'sNYT - 597 words
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475 1986-11-15 3 MBT SENIOR BANKERS see manufacturing, banking and tourism as the most promising sectors of the Malaysian economy for the next one year. This is one of the findings of a survey conducted by consultancy firm Egon Zehnder International, based on views from moreMBT - 475 words
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112 1986-11-15 3 AP FIFTEEN PER CENT of the Chinese population are expected to have television sets by 1990, more than three times the percentage who owned them in 1964, the official Xinhua News Agency reported yesterday. More than 170 million television setsAP - 112 words
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Article, Illustration610 1986-11-15 3 Bernama THE PHILIPPINE MILITARY has denied involvement in the killing of Rolando Olalia, the leader of militant labour movement Kilusang Mayo Uno (KMU). "Why should they blame us for everything?" asked Defence Minister Juan Ponce Enrile, who was annoyed with charges byBernama - 610 words
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303 1986-11-15 3 AFP VIETNAM'S experimental oil production, which began in an offshore field in the South China Sea in June, is to yield tens of thousands of tons of crude this year, the Soviet-Vietnamese oil concern Vietxopetro says. A company official said outputAFP - 303 words
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Page 3 Advertisements
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Advertisement64 1986-11-15 3 T I I T The business person's choice, every I I II \I I II II I Tuesday. Thursday, Saturday and I 1 VI \1 I V 1 I \l Sunday. Leaving Changi Airport at A,_/i lA- 1 22:05 hours and arriving at Heathrow at 06:45 hours the following morning.64 words
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Advertisement145 1986-11-15 3 Golden Phoenix Sichuan Restaurant years of in Sicfiuan cuisine The first Sichuan Restaurant in Singapore, the Golden Phoenix still serves the ever popular Sichuan specialities like Smoked Duck, Chicken or Prawns with dried red chilli, Hot and Sour Sichuan soup and more. For the health conscious, there's the famous Sichuan145 words
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REST OF THE WORLD
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Article, Illustration612 1986-11-15 4 US arms shipments cannot be seen as ransom payment for hostages Reuter PRESIDENT RONALD REAGAN has said that US arms were shipped to Iran as part of an effort to start a new friendly relationship. In remarks prepared for a televised speech on Thursday night,Reuter - 612 words
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317 1986-11-15 4 Reuter A BRITISH general election by next summer seemed likely following the announcement of a relatively light legislative programme for 1987. Prime Minister Margaret Thatcher's Conservative government must go to the polls by 1968 and is widely expected to do so by next summer. TheReuter - 317 words
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481 1986-11-15 4 Reuter SOUTH AFRICA will have a current account surplus of between five billion and six billion rand this year, and next year's surplus could be about five billion rand, according to reserve bank governor Gerhard De Kock. Mr De Kock, speaking at aReuter - 481 words
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362 1986-11-15 4 AP AN INDUSTRY LEADER has rejected Washington's charges that lack of initiative by US big business is responsible for the country's record trade deficit. Alexander Trowbridge, the president of the National Association of Manufacturers, on Thursday accused Commerce Secretary Malcolm Baldrige andAP - 362 words
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235 1986-11-15 4 Reuter VENEZUELA supports an oil pries rangs of US$l7 to US$2O per barrel for Opec, but sees no fixed time period for achieving this. Energy and Mines Minister Arturo Hernandez Qrisanti told reporters in Ecuador yesterday that Venezuela backed in general termsReuter - 235 words
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RAW MATERIALS
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Article79 1986-11-15 4 OIL PRODUCTS REGULAR gasoil and LSWR firmed slightly while all other products remained stable. Traders' attention focused on on-going Opec price discussions. Closing prices for crude (fob origin) US$/barrel Change Dubai (Dec) 13.95 -0.05 WTI, West Texas Intermediate, (Dec) 15.59 0.22 Closing prices for products (fob Singapore) US$/borrel Change Kerosene79 words
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Article133 1986-11-15 4 Chinese Produce Exchange SoWoo' noon doting pricos on Nov 14 (S$/100 kg). Coconut oil Mk FOB 66.00 Old drum FOB 76.00 Now drum FOB 86.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW BWP FOB NSW Gambier FOB NSW 560.00 1405.00 1289.00 330.00 Copra Mixod (Ioom) 33 buyors133 words
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282 1986-11-15 4 Reuter THE SRI LANKAN government is considering ways of privatising state tea plantations, which account for 70 per cent of total output, in order to rejuvenate the depressed industry. Tea officials said the government was seriously considering two proposals. One called forReuter - 282 words
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Article208 1986-11-15 4 Reuter SOYBEAN FUTURES on Thursday closed near day's highs, up six US cents to 1/4 cent per bushel in moderate trade on the Chicago Board of Trade. January posted a five cent range on the day. The slower than expected country movement of soybeans and the outlook for evenReuter - 208 words
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Article14 1986-11-15 4 ISI Tik Oo*Ioq prion on Nov 14 KL TIN (M$/kg) Price Closed Turnover (tonnes)14 words
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Article153 1986-11-15 4 Reuter SINGAPORE THE MARKET yesterday closed slightly lower with December One RSS buyers quoted at 182.00 cents/kilo, down 0.50 cents from Thursday. The morning session weakened 0.50 cents on some long liquidation and lack of buying interest in quiet trading. Trading in the afternoon session continued quiet with pricesReuter - 153 words
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Article179 1986-11-15 4 RAS prices in S CMiMfl, FOB in bata 1 NOON CLOSE ftuyvrs S^kn 8wy*rs S«H«rs Int 1 RSS Prompt 182.00 183.00N 182.00 183.00N Int 1 RSS D*c 86 182.00 182 JO 182.00 182 JO Int 1 RSS Jon 87 181.25 181.75 181.25 181.75 Int 2 RSS OP 179 JO179 words
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Article35 1986-11-15 4 (canM/kg, 1-»or poH*«) g 6 (currant month) NOON JAN 87 (forward month) NOON RAS SS> 30 SS> 50 Ivyan S^ton 170 JO 173 JON 167 JO 169 JON lwy«n S*IUr» 171.50 173JON 168.50 170JON35 words
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Article48 1986-11-15 4 LONDON USS/tonno dosing prims on Nov 13 M'slon/Somotra Crudo OF Nov 305.00 sir Doc 312.50 sir Jon 320.00 sir Fob 345.00 sir Mdi 340.00 sir ROTTERDAM USS/tonn# Polm oil Gudo Sumotra/M'sio Doc 305.00 sir Jan 315.00 sir The Malaysian market was closed for Prophet Mohammed's birthday48 words
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Article66 1986-11-15 4 Bangkok (US$/tonn«, FOB) White Rice 100% 1st doss 255 100% 2nd don 220 100% 3rd dcm 215 5% 205 10% 200 15% 195 20% 185 25% 175 35% 175 Broken Rice A-1 Sup*r 128 A-1 Sp«cM 125 C-1 Special unq C-1 Ord unq Loonzain Rice 100% 1st grad* unq66 words
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Article197 1986-11-15 4 Reuter WHEAT FUTURES on Thursday closed on or near the lows on the Chicago Board of Trade, down 1-1/2 US cents per bushel to unchanged. December settled at US$2.B2-1/4 after posting a 3-1/2 cent range. Trade talk circulated in the morning that the unseasonably early cold weather seen acrossReuter - 197 words
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Article761 1986-11-15 4 Reuter COFFEE ROBUSTA FUTURES on Thursday closed between £85 and £57 up on Wednesday and at or near the day's highs in a late rally. Dealers said prices firmed on modest buying interest in a market dominated by forward switches and fixed trades, but which was otherwise quietReuter - 761 words
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Page 4 Miscellaneous
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Miscellaneous45 1986-11-15 4 Doonesbury PICK MP6 UNFAILINGLY CHIPPER. HBREBKEPOF maw/. Hams A MNI MAS PROUP TO CALL *CHUM? ft \f I UH...MHYPONT I JUST PAUSe H3RS ANP 6!V£ US ALL A CMANCSTO COLLECT OURSELVES I B BY GARRY TRUDEAU [1 OKAY, LETS PRESS 0N... I wc m r45 words
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BANKING AND FINANCE
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Article1298 1986-11-15 5 Reuter SINGAPORE: THE US dollar yesterday cloaed slightly higher against major currsnciss, after fluctuating narrowly in thin lata trading. Dealers said the dollar opened a shade higher but firmed in early afternoon trading on speculative buying prompted by a Japaneee news agency prees report that Japan's Vice-Min-ister ofReuter - 1,298 words
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Article320 1986-11-15 5 HONGKONG: GOLD yesterday closed higher on late short-cov-ering by local investors ahead of the weekend, dealers said. The bullion ended at U*****.20/70 an ounce against an initial U*****.50/406.00, which was unchanged from New York's closing. Dealers noted some speculative selling at an earlier stage becauae of uncertainties over320 words
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Article159 1986-11-15 5 Interbank rotes at 3pm yesterday: M omm rooo*»«r Local doHara to am unit of foreign currtncy: US daAar pound 2.1910 2.1920 2.8196 -22.29 3.1221 3.1257 7.3469 -57 JO Amtroion doAoc 1.4131 1.4160 3*4266 5171 NZ dolor Canodkwi dtAor 1.1316 1.1343 3.4286 -67.00 1.5825 ***** 3*4206 -5374 Local dollars159 words
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Article49 1986-11-15 5 RESULTS OF TENDER held yesterday for 91-day bills to be issued from Nov 17 to Nov 21: Offered: $120,000,000 Applied for. $315,000,000 Allotted: $120,000,000 Accepted Mde: $99.53 and approximately 66 per cent higher bids in full. Average rate oi dtecount on ellotment: 1.630 per cent per annum.49 words
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Article597 1986-11-15 5 BA Futures DECEMBER T-Bond yesterday opened unchanged from previous close at 97.05 but lower then Chicago's close of 97.00 as the higher than expected increase in US money supply resulted in the slightly easier prices. Trading was quiet however, as participants waited for the release of the batch ofBA Futures - 597 words
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Article322 1986-11-15 5 Asian market PERIOD Asian dollar deposit ratea yesterday cioeed sligntty weaker compared with Thursday's levels, after light trading, dealers said. Deeiers said term rates eeeed slightly due to expectations that yesterday's US October retail sales would show a fall of around 5 per cent after a riee of 4.6 per322 words
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Article, Illustration125 1986-11-15 5 THE OVERNIGHT rate on the Singapore interbank market closed at 3-1/4 per cent yesterday, down 1/4 from Thursday. The one-month term rate rose 1/8 point, the two-month rate roee 1/16 while the three-month rate remained unchanged. Mcato Mm mrtft tf Mm prim iU2 S$ Interbank rates at 7pm125 words
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396 1986-11-15 5 SOH TIANG KENG - Great Eastern unveils special package By SOH TIANG KENG, ClmamalAl wn nwilasil financial worrMponooni THE CHANGING LIFESTYLE of Singapore school children who now face more hazards than before has prompted Great Eastern Life Assurance to shape an insurance package for them. Known as the Student396 words
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424 1986-11-15 5 Reuter A SENIOR US official and a leading banker have expressed optimism that the debt crisis is finally being managed although major chaliengee to the US debt strategy layahead. James Conrow, the Deputy Assistant Treasury Secretary tor Developing Nations,Reuter - 424 words
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Article201 1986-11-15 5 AP LACK OF INFORMATION on bank loan guarantees is making It harder for many governments to sat sffsctivs monstary policiss, a prominsnt US bsnksr said. "Ths sffsct of a givsn Changs in monstary policy in terms of tte timing, incidence and ultimate sftect has bscomsAP - 201 words
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335 1986-11-15 5 AP CHINA cannot at preeent abolish its system of foraign exchange certificates used by foreigners as currency there because there is no satiafactory alternative, a senior Chineee banker said. But People'a Bank of China vice-governor Liu Hongru said authorities are working on new currency regulations.AP - 335 words
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Page 5 Advertisements
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Advertisement136 1986-11-15 5 ROYAL TRUST Royal Trust Asset Management Pte Ltd Roysi Trust Asset Management Pte Ltd. is part of Canada's leading trust company and seeks an INTERNATIONAL PORTFOLIO MANAGER tor its indMdual snd institutional fund msnagsment division in Singapore. Substantial experience in North American snd European equity and bond marketegained with fund136 words
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TIME-OFF
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Article608 1986-11-15 6 GOOD ART RARELY PAYS. History Is. among other things, s tale of how poets, writers and artists have starved their way, either to greatness or to oblivion. But there are times when the muses team up with the gods ot fortune. That happened in the US608 words
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Article, Illustration1218 1986-11-15 6 BRIAN MILLER - Sucking on an ice cube and sporting a short haircut, retired tennis star Bjorn Borg is still every inch a celebrity. Actually he's never looked better. Borg talks tO BRIAN MILLER about his "new" life and post-Wimbledon priorities. BRIAN MILLER THERE tS something different about1,218 words
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Article273 1986-11-15 6 ONE WORD found in a travel agent brochure was not to bo found in the dictionary. Tho company offers "faacinating guide book, terrific tee-shirt and first claaa assommodstion." LANGUAGE of a different sort meanwhile, came under attack from one women's aaaociation which calls itself AWARE. The273 words
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Article1004 1986-11-15 6 What's on from Nov 15-21 VPPWPI w CONCERT: SSO features Otakar i Trhlik (conductor) and Kellh Ruddy (aoloiat). Victoria Concert Hall. 8.15pm. Programme include» Mozart's clarinet concerto in A K622 and Dvorak's symphony no 5 in F op 76. Tickets at $4, $7, $10 1 and $15 from usual1,004 words
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Article, Illustration114 1986-11-15 6 AN EXHIBITION on an exciting survey of contemporary handmade jewellery will be held at the National Museum Art Gallery starting today. The works, by 57 artists, illustrate a wide variety of styles. There is no single or dominating style in this collection. Synthetic materials are displayed114 words
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Article, Illustration246 1986-11-15 6 Mike Thumba - By Mike Thumba AS you may have read during the week in the Business Times, the 29th Far Esst Bridge Federation Championship, sponsored by the British Petroleum (M) Sdn Bhd, was officially opened last Saturday by the Governor of Penang, Tuan Dato Dr Hail Awang bin Hassan. The Open246 words
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SPORTS
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609 1986-11-15 7 BRIAN MILLER - A commanding combination with Subian Dalwee in the saddle By BRIAN MILLER IT SOMETIMES PAYS to be patient. And punters looking for that one big "killing" at Kuala Lumpur this afternoon could find it rewarding by making Authority their banker in the day's last609 words
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275 1986-11-15 7 Reuter PETER FLEMING, the tennis player who knows John McEnroe best, believes his fellow New Yorker is having problems adjusting to full-time tennis after his seven-month layoff. McEnroe was knocked out of the singles in the first round of the LondonReuter - 275 words
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Article, Illustration260 1986-11-15 7 Reuter AMERICAN Pam Shriver, Claudia Kohde-Kilsch of West Germany and Argentina's Gabriela Sabatini all advanced on Thursday to the quarter-finals of the US$l5O,OOO Chicago women's tennis championships with straight-set victories. Shriver, the fourth seed, ousted compatriot Barbara Potter 6-3 6-4, while the fifth-seededReuter - 260 words
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334 1986-11-15 7 UPI TWO DAYS of heavy rain has forced Canada's Storm On The Looee to withdraw from today'e US$6OO,OOO D C International and may also cause Horse of the Year contender Broad Brueh to drop out of the Turf Claaaic's six-nation field. TrainerUPI - 334 words
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386 1986-11-15 7 AP PAUL AZINGER of the United States, wielding a rusty old putter, fashioned a 7-under-par 65 to take a two-stroke lead on Thursday in the second round of the US$6OO,OOO Isuzu Kapalua International Golf Tournament. Azinger reached the halfway point of thisAP - 386 words
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252 1986-11-15 7 AFP PAKISTAN squash star Jahangir Khan is gunning for the man who handed him his first defeat in five-and-a-half years this week. The 22-year-old is determined to avenge his defeat by New Zealander Ross Norman in Tuesday's World Open final in Toulouse afterAFP - 252 words
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198 1986-11-15 7 RON ATKINSON, sacked last week as the manager of English First Division giants Manchester United, is being lined up by Turkey to become their national supremo. Atkinson's agent, Dennis Roach, has confirmed that Turkish officials have contacted the Englishman with a198 words
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Page 7 Miscellaneous
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Miscellaneous1526 1986-11-15 7 SATURDAY NIGHT MOVIE Into Thin Air Wr jM 10.30pm, Channel mm Ellen Burstyn (left) my in the drama based on the I real case k missing teenager. She L plays the mother year old boy who disappears summer Colorado. She finally hires r a private investigator who r works against1,526 words
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Miscellaneous811 1986-11-15 7 (Miasm© ICftYPtICI ACROSS 9 Isn't swishing the cane to set an example (8) 10 Question I may answer (3) 11 Get the kid to pop back with the stuff (6) 12 A phrase translated from the Himalayan (6) 13 Making the rise I'll put in for more derisory (7) 14811 words
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INTERNATIONAL STOCKS
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Article252 1986-11-15 8 Reuter HUSKY OIL'S announcement that it is in discussions about its future ownership means the company could be seeking a buyer or an infusion of equity, say industry analysts. Brokers in Hongkong have speculated that Cheung Kong (Holdings) Ltd and associate Hutchison Whampoa LtdReuter - 252 words
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198 1986-11-15 8 NYT PEPSICO Inc has accused the Coca-Cola company of improperly inducing a fast-food chain to switch from serving Pepei products to Coke. Pepsico said on Wednesday it planned to charge in court that Coke interfered with a five-year contract, signed lessNYT - 198 words
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373 1986-11-15 8 Reuter WALL STREET stocks closed sharply lower on Thursday as futures-related sell programmes battered the market in the last half hour of the session. Weakness in the computer sector and in the insurance group also contributed to the market s overall decline. The DowReuter - 373 words
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Article136 1986-11-15 8 NOV 13 AbttitM C« 26V. Hudaon Bay Mining Imp Oil CI A Inoo Ini Pro* Pipa lu intl a* 4M .17% 3>V. 19 S 43V. 16'/. unch 13 Lotoiaw Co 11* unch Bank Nova Scott* 17 .34* -V. unch McMil BkM 42* 22* BtH Ctnida 37'/i Moor* Corp. XV.136 words
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Article216 1986-11-15 8 MOV 13 MM RAND MTMALS Truat Bfc Un Slaa4 WooNnj 150 66 1525 5 uncti 25 A Alpha Abarcom AMi ***** 206 1500 5 MM Anglos Angvaal MM 6750 ***** uncti uncti Amaprop AMtC Bartow* 42S 5000 2075 uncti 50 -75 OfYVWW............. Buffata Chartar Com GoW 8400 ***** 4300216 words
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Article573 1986-11-15 8 MOV tS IMS Alcan Alumin 30* urtch Alcoa ass unch Ailag Ind iss -1 AllMd Stfl 41 A||i#<j 3kKN 66% unch Allia-Chalmaf* 5i unch Am Branda Inc. 44k -1* Am Can Co •7% -S Am CyanamM 7t* -2 Am Efac Pwr am Am Cipraaa Am Homa Prod.... MV.573 words
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Article753 1986-11-15 8 Amsterdam NOV IS n* ♦IABN Aagon AlMtd 567 90 04.30 106 90 -69 -2.1 -2.3 AMZO 156 90 •34 Alranta 140.20 -0.0 AMEV Amro Bank. Am Stad 76 40 07 JO 129 00 1.4 •12 BirM............... BOLS Borvumi) Buahrman T«Oi Caiv* 32 00 ***** ***** KOda 224 00753 words
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Page 8 Advertisements
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Advertisement133 1986-11-15 8 i; ii rtrt«r« to Wiae, «m« tuui ntuatuUa MERLION A nutritious blend of prawns, beancurd and carrots, delicately seasoned and brought to a simmer to enhance its flavour. Served piping hot in an earthen casserole, the MERLION POT is accompanied with a bowl of steamed rice. All for *9.50T Specially133 words
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Advertisement124 1986-11-15 8 It's the NEU FACES.. Fresh from their European tour. Jhr Nl UIAC I s VeU ran and versatile musi< kins R« k k n Roll lop lit Wave evellentl\ pfilv >rr'H'< 1 tor tjrand entertainment Nightlv rurpl Sundays the Alcove I where flu beer is cheapest hotel lounges MAGICALLY HYATT124 words
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Advertisement178 1986-11-15 8 TEOCHF W PORRTDGI BWTET S5 SO W. ZuAtrr:tt. h arsoss nin/"hrYrvtu rWv (per person) Vtau can enjoy savoury'homely defies sucn as braised pork 9 steamed stuffed bean curd 9 sambal brirjal fried safced fish sauteed chicken with mushroom 9 sauteed chai poh omelette 9 tried black pomfrtt in soya bean178 words
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Advertisement56 1986-11-15 8 celebrates Alaiion \Vccl^B6 Nov 15*23 at The Tiffany coffee House Buffet Lunch and Dinner of local delights Adult §15.50++ Child $11.50++ .50+ Enjoy our Mertlon Singapore' Cocktail at $7.50++ Available at all outlets SINGAPORE HOTEL 10 Eu Tong Sen Street Singapore 0105 Tel: 533 3888 «-vl r a <» a56 words
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Advertisement130 1986-11-15 8 London clocks on Pogo 11 Thunderstorm expected nightly from 8 pm except Sundays. Hold it, don't reach out for your umbrella. It's Thunderstorm, the band that 11 be striking up. Come prepared instead for a downpour of latest hits any day from Bpm except Sundays. y punff CRgHvn 5 DUMtZHOm130 words
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ASIAN STOCKS
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Article305 1986-11-15 9 HONGKONG: Share prices closed lower yesterday mainly on position squaring due to reports of a possible bid by the Cheung Kong Group for Husky Oil of Canada, brokers said. The Hang Seng Index lost 17.42 points to 2,244.03 and the Hong Kong Index was off 10.80 at 1,423.94. Turnover305 words
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Article219 1986-11-15 9 MOV 14 NT S Koiln 25.90 -0.9 Ml Stncara Indus i.ao -0.03 Kuochan Dav Laa Chang Yuan .22.90 29 .10 0.1 Aais Camant. Caihay Com. 28.00 36.10 0.3 0.6 Llan Hwa Indua 23.50 1.1 Bank UWny nWi Dint..., 41.10 unch Pacific Cons 24.00 0.1 CM* Haln Camant Chin Main219 words
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Article424 1986-11-15 9 TOKYO: Stocks closed slightly lower yesterday after plunging in early trading due to Wall Street's sharp decline, brokers said. Losses were trimmed on expectations of large-scale institutional buying next week, but decliners still outnumbered gainers four to three. The market average closed down 47.97 at 17,390.50, but had fallen424 words
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Article65 1986-11-15 9 NOV 14 1 pesos Marcoppar 1.96 -OOS Oriental B 0 024 unch Acoj* Mining Phil Omtnm 0 026 -0.001 Anglo Phil Philax B 0.36 -001 Pjoop PLOT 270 -10 Baguio Gold 0.0066 unch San Mlgual B 80 1 •0.002 3 Sima Darby 20.23 -075 Banguat Con. B 112 065 words
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Article418 1986-11-15 9 SYDNEY: Australian share markets closed sharply weaker yesterday as bearish sentiment swept the market, following negative signals from abroad overnight and Thursday's record deficit for the October balance of payments figures. Brokers said sentiment was further dampened by media analysts suggesting a stock market crash was imminent, and by418 words
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Article110 1986-11-15 9 NOV 14 -10 KaJ 1264 •1 1820 Kangwon Ind Kla Motor •40 1600 -6 28 OMiim Ind 564 1190 5 •4 Koton Ind I960 1460 20 uncft Daewoo Hnvv DaiaMn Sacurfaaa 1340 >5 1645 5 mo •10 16 OriantaJ Brawary 1260 1700 unch -1 Dong Suh Slock. 1300 IflOO110 words
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Article160 1986-11-15 9 Reuter BANGKOK: The Stock Exchange of Thailand Index edged up 0.10 to 182.45. Turnover totalled 453,949 shares valued at 75.9 million baht. MOV 14 M Ao Kham Thai iKT Siam Camant Siam Citizens Stam Citizsns 768 -suep unch Aaia Flbrs Ayudhya Investment Bangkok Agro-lnd Bangkok Bank 200 200 46.50Reuter - 160 words
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Article63 1986-11-15 9 Reuter HAGEMEYER NV will post sales of HK$3 billion this year and will double this total in three years partly through acquisitions. Andrew Land, the chairman of the management board, said in Hongkong that the Dutch firm, which is 55-per cent owned by First PacificReuter - 63 words
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571 1986-11-15 9 Reuter SUMITOMO LIFE INSURANCE Co says it has no plans to invest in E F Hutton Group Inc or to take over its life insurance arm, following the appointment of a Sumitomo official to the Hutton board. However, Japan's insurance industry isReuter - 571 words
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255 1986-11-15 9 Bernama INDONESIA'S oil company Pertamina and Esso Exploration Production Dumai Inc have signed a production sharing contract for the exploration and production of oil and gas on a 11,875 sq km concession area inland and offshore of Central Sumatra. Thursday's dealBernama - 255 words
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136 1986-11-15 9 Reuter THAILAND'S only tin smelter is now running at half its annual capacity of 36,000 tonnes and will produce only 14,000 tonnes of tin next year because of dwindling ore supplies, its commercial manager said. Yoot Eamsaard of Thailand Smelting and RefiningReuter - 136 words
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Page 9 Advertisements
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Advertisement566 1986-11-15 9 s to wiae, eilne aad eitfertala JC?% I 4 4 ¥t I s 3 8 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:566 words
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Advertisement143 1986-11-15 9 BUFFET SNACKS Eat all you can plus first drink SS.Bo++ spm Bpm Singapore's very own Slim Whitman with country favourites and Hippy Hours: 12 noon 7pm Buy ona A gmt onm Premium Brand* ft bottia rata* 29% off. CAJRNHILL HOTEL 19 Cairnhill Circle, S pore 0922. Tat: *****22 Fri, Sat143 words
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SHARE INFORMATION
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Article, Illustration4141 1986-11-15 10 WITH NO POSITIVE factors to boost sentiment, share prices on the Singapore stock market drifted further downwards yesterday. Stockbrokers attributed the market's decline to rumours that more Malaysian companies could be in difficulty. Others, however, said these rumours had little effect on4,141 words
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Article154 1986-11-15 10 SINGAPORE Rites SI A 990 19 CCM 410 4-10 ms 433 MMa 354 +4 r.inmt) Sp»n 340 +4 Ka* CM 90* 94 +4 ICS 740 +9 KIM 90* 49+9 Falls Sp«» Land 919 -39 Sri Han—ui 91% .33 f H 420 -30 Mm 00 -14 G—r«l Carp154 words
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Article3508 1986-11-15 10 BID and offer prices officially listed and business in and rsportsd to ths Stock Exchange of Singapore ysstsrday with the number of sharee tradsd shown In brackets in lots of 1,000 units unless otherwiee specified. All Time Settlement Contracts srs quoted sfter the word "SETT'.3,508 words
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Article266 1986-11-15 10 MALAYAN BANKING tohad: 26th AGM at Menara Maybank, 100, Jalan Tun Perak, ***** Kuala Lumpur today at noon. TASEK CEMENT Berhad: 25th AGM at the Factory, Tasek Industrial Estate, Tasek Drive, Ipoh today at 11.30am. UAC Berhad: 23rd AGM at No.9 Jalan SS13/4, Subang Jaya, ***** Petal ing266 words
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COMPANY NEWS
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340 1986-11-15 11 NST BANK NEGARA has taken firm steps to get banks and financial institutions to establish rehabilitation units to help cashstrapped but viable companies tide over the present economic adversities. Banking sources said they have been given up to the end ofNST - 340 words
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LATEST RESULTS
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Article110 1986-11-15 11 Group loss after tax and minorities of M 55.44 million for the year ended June 30, 1986 as against a profit of M 52.12 million before. Loss per share came to 10.9 cents (EPS of 4.2 cents). Directors have decided against paying any dividend. Renong said its performance110 words
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Article661 1986-11-15 11 SHARE PRICES in London continued Thursday's downward trend following the sharply lower close on Wall Street overnight, and on continuing worries that UK base rates may soon have to rise to defend sagging sterling, dealers said. The pound was still fairly weak but unchanged on a trade weighted661 words
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Article233 1986-11-15 11 Managers' prices for Nov 15 17 MARA-Bumiputra Fiat B'putra 519 Second B'putra 4 75 524 4 80 Singapore Unit Trust Third B'putra Fourth B'putra 3.71 418 3.74 423 The Commerce 0 90 0.97 Fifth B'putra 172 2.77 The Savings Fund 0.82 0.88 Sixth B'putra 2.74 2.79 S'pore frog233 words
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Article831 1986-11-15 11 CWT«H» Ex Books Ml TeM tar TeM tar payment Me ctoee peyrtta fee year taat year A B N 1354%l Aug 19 NYA NYA 13*% 27% A 1 S B 5%<b) Dk 5 Doc 17 DK 23 5% 10% A Enterprises 3%i Nov 11 Nov 21 Dk 10831 words
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256 1986-11-15 11 CHUAN HUP MARINE Ltd is proposing to offer its key executives a share option scheme, in view of the growing popularity of such incentives among employers. The group, traditionally ma-rine-based, is also proposing to change its name to Chuan Hup256 words
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Article, Illustration511 1986-11-15 11 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI CONTRARY to what has been rumoured over the past few days, Adriaan Schrikker dubbed the "Chartist Pope" of Europe is not bearish about the prospects for Singapore equities. In a special interview with BT yesterday, the Luxembourgbased technical analyst reiterated511 words
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275 1986-11-15 11 YEO HIAP SENG Ltd (YHSL) is planning to restructure the business of its Hongkong-based subsidiary, Yeo Hiap Seng Enterprises Ltd (YHSE). The Hongkong company had earlier requested a suspension in view of what it said was unusual activity in the trading of its275 words
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Article126 1986-11-15 11 HIND HOTELS International Ltd is taking over the management of its 600-room hotel in Jalan Rumbia, to be renamed Imperial Hotel from Jan 1. This follows the termination of an operating agreement with Oberoi Hotels Re Ltd which has been managing the hotel for the past126 words
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737 1986-11-15 11 Reuter BRITISH AIRWAYS is already taxiing into position for its scheduled take-off as a private company early next year, but analysts say it may encounter a more cautious reception than other key flotations, including British Gas. Some contend, however, that a successful sale of BritishReuter - 737 words
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Article108 1986-11-15 11 HONGKONG Hongkong Index Fridoy 1423.94 Thursdoy 1434.74 Week ogo 1404.29 Hong Song indox Fridoy 2244.03 Thursday 2261.45 W*k 090 2218.30 All Industrials Friday 21S2-2 Thursdoy 2182.5 WMfc aeo 2214 4 NEW YORK Dow Jones Thursday I862J0 Wednesday 1893.70 WMfc 090 *****9 TOKYO Nikkei Average Friday *****-SO Thursdoy *****.47108 words
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Page 11 Advertisements
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Advertisement297 1986-11-15 11 NOTICES THE COMPANIES ACT, CAP. 1M AND IN THE MATTES OF EXCLUSIVE CLEANING SERVICES (8) PTE LTD (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of EXCLUSIVE CLEANING SERVICES (S) PTE LTD duly convened and held on Monday, 10 November 1966 at 11.00 am at 11 Collyer297 words
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Advertisement399 1986-11-15 11 NOTICE IS HEREBY GIVEN that, I Yeo Tian Khin of No. 217 Beach Road Singapore (0718), have applied for a First Class Beer House licence in respect of premises at M/s Tien Yick, 217 Beach Road Singapore (0718), and that this application will be heard in Court No 1, Subordinate399 words
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Advertisement246 1986-11-15 11 (la VI In ij lH^liin) NOTICE IS HEREBY GIVEN pursuant to Section 306 (2) of the Companies Act, Cap. 185 that the Pinal Meeting of Members of the above-named Company will be hekl at 1 North Bridge Road, *19-07/06 High Street Centre, Singapore 0617 on Monday, the 15th day of246 words
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457 1986-11-15 12 LIM SOON NEO - Boosts for tourism By LIM SOON NEO TOURIST GROWTH for the first 10 months of this year is ahead of target, but the last two months of the year will be slow, it was forecast yesterday. "For the 10 months to457 words
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302 1986-11-15 12 GUEST SERVICES OFFICER Angelina Ng was last night named Miss Tourism Singapore 1966. Miss Ng, 22, who will reign as Singapore's tourism ambassadress for a year, is no newcomer to the industry. She works at the Tai-Pan Ramada Hotel. The new tourism302 words
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Article312 1986-11-15 12 SINGAPORE HAS AGREED to make available two foreign experts on tourism to help develop the tourism sector in Johor. The first-time agreement arose from discussions on Tuesday between Singapore Tourist Promotion Board director Joseph Chew and the Johor State Social and Tourism Development Committee chairman312 words
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Article102 1986-11-15 12 AP TOO MANY FARMERS are satisfied with the improvement in their lives under China's economic reforms and are not interested in increasing their productivity, the Englishlanguage China Daily said yesterday. "A new house, a television set, assured land to work and a little cash seem to beAP - 102 words
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426 1986-11-15 12 ABOUT 300 SUPPORTERS of the opposition political party. Parti Islam se-Malaysia (PAS), held a 90-minute demonstration outside the Singapore High Commission in Kuala Lumpur yesterday to protest against the pending visit by Israeli President Chaim Herzog to Singapore. Meanwhile, several political and426 words
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349 1986-11-15 12 SHANGHAI wants Singapore to play a much bigger role in providing consultancy services for its Hong Qiao airport. The Shanghai team which came down for talks this week made a request that Singapore provide project management for the new terminal building construction.349 words
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Article81 1986-11-15 12 Reuter SOUTH PACIFIC states will meet the US, France, Australia and New Zealand tomorrow to sign a treaty to halt pollution in a region that has become a nuclear dumping ground for the Western world. A spokesman for the United Nations Environment Programme, one ofReuter - 81 words
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521 1986-11-15 12 IT WAS NOT an exciting week for trustee stocks. Although prices followed the general market trend for the five trading days, trustee stock price movements were far less dramatic than others. In the end, the absence of big price swings meant that CPF stocks succeeded521 words
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237 1986-11-15 12 FORMER BANKER and businessman Lawrence Ng Sau Long, who attracted a string of law suits in Singapore, was declared a bankrupt in the High Court yesterday. The bankruptcy action was filed against him last year by Arab Bank Ltd for237 words
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Article85 1986-11-15 12 Reuter THE COMMUNIST PARTY congress in Laos, which continued in Vientiane yesterday with speeches from delegates and guests, is due to end today. The congress, second since the communist takeover in 1975, is due to elect a new Central Committee and Politburo before closing. Prime MinisterReuter - 85 words
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225 1986-11-15 12 AFP ISRAELI PRESIDENT Chaim Herzog yesterday cancelled the Philippine leg of his Asian-Pacific tour. Mr Herzog, who was in the South Pacific state of Tonga, was due to arrive in Manila today for a controversial two-day state visit But it wasAFP - 225 words
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Article89 1986-11-15 12 Reuter COMEX GOLD FUTURES gave back most gains yesterday after rallying above Thursday's highs on early buying fanned by firmness in crude oil. Gold for December held a modest advance of US$O.6O at US$4lO.lO an ounce, having reacted from U*****.50 versus Thursday's high of US$4lO.BO. SilverReuter - 89 words
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Article55 1986-11-15 12 Reuter IRAQI JETS yesterday destroyed s crowded Iranian oil platform in the central Gulf. Regional shipping sources said attempts to rescue an estimated 250 Iranians who had been on or near the Sassan Oil Platform during the missile attack were hampered by fire. Dow JonesReuter - 55 words
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LATE FILE
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42 1986-11-15 12 AFP ISRAELI President Chaim Herzog's visit to Singapore will go ahead next week as planned, Foreign Minister Suppiah Dhanabalan said yesterday. "There is no change. We will receive him according to schedule," Mr Dhanabalan said. AFPAFP - 42 words
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Article50 1986-11-15 12 Reuter US RETAIL sales decreased US$6.4 billion, or a record 5 per cent, in October to a seasonally adjusted U*****.6 billion. The decline was the largest since 1967 and followed a record increase of a revised US$6.5 billion, or 5.3 per cent in September.Reuter - 50 words
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Article73 1986-11-15 12 Reuter JAPAN'S Ministry of International Trsds and Industry plans a further cut in gas and electricity rates to consumers to return windfall profits earned by utility companies as a result of weaker oil prices. Miti head Hajime Tamura told a press conference in TokyoReuter - 73 words
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Article62 1986-11-15 12 Bernama THE MALAYSIAN government will study the views of all parties on the Official Secrets (Amendment) Bill, Deputy Prime Minister Ghafar Baba said yesterday. Minister in the Prime Minister's Department Kasitah Gadam was reported on Thursday as having said that the government would seriouslyBernama - 62 words
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59 1986-11-15 12 Bernama THE NATIONAL Union of Journalists yesterday commended the Malaysian government for its decision to withdraw the suspension order on the Asian Wall Street Journal. It said that the decision had been based on the government's admission that it had not given the A WSJ theBernama - 59 words
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Article33 1986-11-15 12 AP PROVINCIAL public prosecutors yesterday charged a former Thai Deputy Interior Minister with insulting the monarchy. Veera Musikapong denied the charge in the Buriram provincial court, in north-eastern Thailand.AP - 33 words
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Page 12 Advertisements
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Advertisement161 1986-11-15 12 PROPOSAL TO CHANGE A SHIP'S NAME We, Singapore Islands line (Pte) Ltd of 200 Cantonment Road #08-01 Southpoint, Singapore 0206, hereby give notice that In consequence of our Intended purchase of the vessel mv "Tawan Thai", we have applied to the registrar of Singapore Ships, under section 417 of the161 words
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Advertisement271 1986-11-15 12 Symposium On INTERNATIONAL TECHNOLOGY INTERCHANGE And Special Issues Associated With Medical Technology >» <v v GENERAL CONCERNS OF MEDICAL SUPPUERS Competence of users and those who maintain equipment Standards enforcement Security of confidential and proprietary know-how from misuse and piracy Educational Programme supportive infra-structure Administrative responsibility for procurement, usage and271 words
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Page 12 Miscellaneous
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Miscellaneous14 1986-11-15 12 vwma m •mm h* *t+* mmm 11l ymm NH' sr mw E tr*mm ■4v«afa^R14 words
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