The Business Times, 27 December 1986

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 SATURDAY, DECEMBER 27, 1986 75 CENTS
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  • 228 1 STOCK MARKET MALAYSIAN second liners made a comeback yesterday after having been in the shadows for some time. The broader market closed steady although the two major market indices finished slightly downwards. The Straits Times Industrial Index, comprising mostly of industrial blue chips, fell 1.09 points to
    228 words
  • 419 1  -  By MARTIN SOONG MORE FUNDS will be available for dialysis treatment when the Human Organ Transplant Bill becomes law, and campaigns to woo kidney donors will no longer be required. Dr Tay Eng Soon, the Minister of State for Education, referred
    419 words
  • 137 1 MR LIM HAN SOON, 45. deputy general manager, has been appointed general manager of the Central Provident Fund. His appointment, effective Jan 1, follows the retirement of the former board's chief executive Tan Chok Kian, who has since joined the Stock Exchange of Singapore as
    137 words
  • 158 1 Bernama THAILAND will for the first time in seven years gain a trade surplus with Singapore, according to Thailand's Business Economics Department. The BED reported in Bangkok that Thailand had recorded a trade surplus of 2,445 million baht with Singapore in the first nine
    Bernama  -  158 words
  • 123 1 Bernama ES THREE TO FOUR THOUSAND workers are expected to be recruited during the peak construction period of the 730-km trans-Peninsula pipeline under the Peninsular Malaysia Gas Utilisation Project. Employment opportunities will emerge in civil engineering works and more specialised areas requiring skilled technicians.
    Bernama ES  -  123 words
  • 389 1 AP WARY of possible US protectionist moves, South Korea had planned to limit its trade surplus with the US in 1987 to this year's level by increasing its imports from that country, Korean officials said yesterday. Officials at the Trade and
    AP  -  389 words
  • 758 1  -  Five-year project could generate $700 m worth of new building jobs By LEE HAN SHIH, Property Correspondent THE GOVERNMENT will pour $450 million over the next five years into a long-awaited plan to conserve and revitalise key historical parts of the city. This plan,
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  • 294 1  -  By LIM SOON NEO THE UNVEILING of the government's grand plan for conservation comes as efforts are being made by a group of individuals to form a Singapore Heritage Society. An application for registration of the proposed society was made about three months ago. Members
    294 words
  • Page 1 Advertisements
    • 96 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Challenges Met, Opportunities At Banque Indosuez, we turn challenges into opportunities. We have applied our expertise in Treasury, Foreign Exchange and Capital Markets and have designed new products, tech niques and strategies to help you cope with increasingly complex and difficult currency and interest
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    • 308 1 Fresh food ideas IT WAS NOT what was cooked but how little food should be cooked that prevailed in the food fights of 1986. Preserving the natural juices of the food was favoured over drying out the last vestiges of moisture. Could the "sushi syndrome" have something to do with
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    • 14 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM More reports on URA's conservation plan, Page 2 *?"!*}]@%?&->=<.~\{^@?)$`%*<~[{
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  • FOCUS
    • 542 2  -  URA CONSERVATION PLAN Stories by LIM SOON NEO THE PRIVATE SECTOR will have a crucial role to play in the effort to preserve and revitalise the more than 100 hectares of old Singapore that have been declared conservation zones. "The plan cannot succeed
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    • 223 2 THE HERITAGE LINK, bounded by Singapore River, Fort Canning Park, Bras Basah Road and Queen Elizabeth Walk, is an area rich in history and architecture. The aim is to turn this area into a civic and cultural district, with the many spacious and gracious
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    • 147 2 LITTLE INDIA offers a wide variety of shophouse architectural styles, ranging from the traditional to transitional and modern, along Serangoon Road and in the network of small streets leading off it. The URA describes the shophouse architecture as "splendid" and will seek to preserve
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    • 142 2 BOUNDED by Victoria Street, Jalan Sultan, Beach Road and Ophir Road, Kampong Glam is basically a residential area with trading activities at the periphery and along Arab Street. Bussorah Street in this historically important and charming corner of the city offers a vista of
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    • 182 2 PLANS TO CONSERVE the buildings along Boat Quay and many of the warehouses along the banks of the 2.9 km Singapore River were announced in 1984. The river has three distinct zones the Boat Quay area (from the river mouth to New Bridge Road), the Clarke
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    • 275 2 LONG the core of cultural and street activities in the city, Chinatown has remained a key tourist attraction although many buildings suffer from neglect and decay. The plan is to enhance the character of the area and at the same time preserve its architecture and ambience.
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  • Page 2 Advertisements
    • 93 2 This announcement appears as a matter of record only. 27 December 1986 HOTEL PLAZA LIMITED (Incorporated in the Republic of Singapore) Issue of 5550,000,000 4 3 A% Unsecured Notes Due 1991 to be called 5550,000,000 4 3 A% Guaranteed Bonds Due 1991 With Warrants to Subscribe for Ordinary Shares of
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  • ASIA-PACIFIC
    • 347 3 AFP, Bernama THE PHILIPPINES is expected to finish this year with a 0.13 per cent growth in its gross national product after two successive years of GNP decline, newspapers in Manila have reported. The newspapers quoted reports of the government economic monitoring
      AFP,; Bernama  -  347 words
    • 176 3 Bernama MALAYSIA'S Foreign Affairs Minister Datuk Rais Yatim has dismissed claims of a pact among some countries to boycott Malaysia, especially in the economic sector, because of the firmness of the country's top leadership. He said falling demand for Malaysian commodities in
      Bernama  -  176 words
    • 171 3 Reuter TAIWAN'S Premier Yu Kuo-hua has pledged to allow greater domestic access to foreign products in view of the island's expected sharp rise in national wealth this year. He told a meeting on Thursday, marking the country's Constitution Day, that the government
      Reuter  -  171 words
    • 105 3 AP PERSONAL income and production grew steadily in 1986, while the runaway demand for consumer goods which upset the economy during the previous year was brought under control. The official China Daily said the salaries of the nation s non-farm workers are expected to average 1,310
      AP  -  105 words
    • 690 3 ARRIVALS Operator Service Local From number time OA GA940 1235 M£S SIA SQ107 1250 KUL SIA SQ203 1300 CGK GIA GA900 1310 PKU SIA SO) 1330 SFO/HNL/HKG sv SV399 1330 CGK SIA SQ61 1335 BKK SIA SQ956 1355 DPS GIA GA956 1355 DPS SIA SQ109 1405 KUL
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    • 408 3 Domestic demand to be expanded AP JAPAN aims to maintain steady economic growth by expanding its domestic demand for a predicted gross national product (GNP) growth of 4.6 per cent in fiscal 1987, starting next April. The "Economic outlook and basic policy" of the Economic
      AP  -  408 words
    • 276 3 AP THE OFFICES of all Japanese businesses operating in Burma will be closed from Dec 31, and about 50 Japanese nationals will be forced to leave the country. A Japanese company representative in Rangoon said yesterday that businessmen from Japan. Burma's largest aid donor,
      AP  -  276 words
  • Page 3 Advertisements
    • 54 3 I—W1 —W T business person's choice, I) /II 3/\ every Tuesday, Thursday, Saturday I \l I Y and Sunday. Leaving Changi Airport J\ J]_ V W-JL XL at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent. Effective thru 31 January
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    • 541 3 GREAT GATSBY BALL DEC 31,1986 Ring in the New Year in the style of the Roaring Twenties! Do the Charleston! Jazz it up! Bop to the music of Savoy, Orpheans, Leroy Allwood and Ambrose 1 Try a "Bossom Caresser" or a "Befcaeen the Sheets"! Relive the Roaring Twenties at our
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  • REST OF THE WORLD
    • 793 4 "YTHE YEAR IN \EVIEIV World economy i Third World debt expands, world trade sluggish AFP FOR THE WORLD ECONOMY, 1986 has been a disappointing year with activity sluggish in developed countries, international trade marking time and Third World debt burgeoning. Expected growth has not
      AFP  -  793 words
    • 382 4 Reuter AT SPAIN'S newest business school, young executives are learning how to peel oranges, choose French wines and greet Arab princes. Management, marketing and accounting are out: the Academy of Manners, Customs and Behaviour is concerned strictly with the social side of doing business abroad.
      Reuter  -  382 words
    • 232 4 Reuter PRESIDENT Ronald Reagan's budget plan for the coming fiscal year will seek about US$22 billion in so-called revenue raisers. White House budget chief James Miller said Combined with an estimated US$3O billion in spending cuts, the additional revenues will enable the government
      Reuter  -  232 words
    • 466 4 AP MEXICO'S economy, injected with US$l2 billion in foreign financial aid. should pull out of its doldrums in 1987 and resume growth. Private analysts in Mexico City have predicted that consumers, however, will still suffer from stifling triple-digit inflation. Rogelio Ramirez
      AP  -  466 words
    • 197 4 AP OPEC s plan to force oil prices up to US$lB a barrel is only a minimum target and that the cartel could raise its production ceiling if world demand increases, according to King Fahd. But the Saudi monarch underscored the importance of
      AP  -  197 words
    • 80 4 AFP THE POLITBURO had approved the creation of joint companies with partners from the West, Comecon and developing countries, as Soviet leader Mikhail Gorbachev said the current year would be "decisive" for achieving the economic aims of the current five-year plan (1986-90). Tass news agency quoted
      AFP  -  80 words
  • RAW MATERIALS
    • 266 4 Bernama ES THE RUBBER market is poised to consolidate in December and charge ahead in January following strong consumer demand and low supplies from producers, according to the Malaysian Rubber Exchange and Licensing Board. In its latest market review, the MRELB said increased consumer interest
      Bernama ES  -  266 words
    • 189 4 Bernama ES THE PALM OIL Research Institute of Malaysia (Porim) mounted palm oil technical missions to 34 countries this year, including twice to China, in efforts to develop a global market for the commodity. Porim, which is entrusted with the task of technical promotion
      Bernama ES  -  189 words
    • 142 4 AP JAPAN'S per capita consumption of rice, its staple food, has declined for the 23rd consecutive year, but Japanese are eating more meat and seafood. The Ministry of Agriculture, Forestry and Fisheries says that in fiscal 1985. the average Japanese ate 74.6 kgs of rice, down
      AP  -  142 words
    • 158 4 Bernama ES MALAYSIA'S crude palm oil (CPO) production fell by 11.6 per cent or 55,297 tonnes to an estimated 417,000 tonnes in November from the revised level of 472,097 tonnes produced in the previous month. According to the Palm Oil Registration and Licensing Authority
      Bernama ES  -  158 words
    • 198 4 MALAYSIAN crude palm oil prices closed higher yesterday on light covering and speculative buying interest, supported by firmness in crude palm oil futures. Trading was thin as operators diverted their interest to the futures market and were also reluctant to hold fresh positions ahead of the year-end holidays,
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    • 188 4 SOYBEAN FUTURES in Chicago closed on Wednesday with gains of 2-3/4 to 1-1/2 US cents per bushel in light preholiday trade. January settled at USS4.9O-3/4 after being held to a twocent range on the day. Steady buying in January and March by Collins Commodities and a lack of commercial
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    • 67 4 Bangkok (USS/tonn*. FOB) White Rice 00% dais 245 100% 2nd clan 210 '00% 3rd do»» 205 5% 195 '0% 190 '5% 185 20% 175 25% 170 35% 170 Broken Rice A-1 Super 1 18 A-l Special 115 C-l Special unq C-l Ord <*»q Loonzain Rice 100% 1 ft grade
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    • 84 4 THE PRICE OF TIN on the Kuala Lumpur tin marfcat yaatarday cloaad ataady at Wednesday's laval of M 516.77 par kilo. In apita of Thursday'» cloaura for the Chriatmaa holiday, daalara noted strong bids and offers yesterday aa moat miners were diapoalng ahead of the
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    • 86 4 TOKYO Futures closed narrowly mixed yesterday in the absence of fresh news from major producing countries due to the Christmas holiday on Thursday and ahead of the long New Year holiday here, dealers said 'any participants hav- Hready squared po- sitions before the end of this year's trading today
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    • 134 4 WHEAT FUTURES in Chicago closed quietly mixed on Wednesday, ranging from down 3/4 US cent per bushel in May to up 1/4 in distant December. March settled at U552.75-3/4 after posting a two-cent range. Prices were held in a narrow range all day. Dean Witter, Merrill Lynch and Shearson/Lehmann
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    • 140 4 Chinese Produce Exchange S*ll*rt' noon doting price* on Doc 26 (SS/100 kg). Coconut oil ftuik fob 66 00 Old drum FOB 76.00 Now drum FOB 8600 Copra Mi*«d llooul 33 buyeri Pepper Monfofc Whtt» FOB NIW 1415.00 Sarawak Whit* FOB foq NIW 1400.00 Sarawak ipoclal bJock FOB NIW
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    • 829 4 COFFEE Robusta futures ended the shortened pre-Christ-mas session on Wednesday with losses of £12 to £2 a tonne, pressured at the close by steadier sterling. March futures traded last at £1,738 a tonne, down £2 from Tuesday night, after business between £1,747 and £1,730 on Wednesday. Turnover of
      829 words
  • Page 4 Miscellaneous
    • 85 4 Doonesbury GOOD MORNN6, BOYSANP GIRLS. mPl£& 10SAX IMS PLEASED TO 565 ANOTHER THREG IRAN EXJ CLUS/VEG ABOVE THE FOLP 1 TDPAY. WE'RE BEATING o THEPAMSOFF THE r A 1 A2sfiP THAT EDGE, GANG I PONT HAVE TO TELL YOU THIS IS THE BIG ONE THIS IS WHY YOU ALL BECAME:
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  • BANKING AND FINANCE
    • 504 5 SINGAPORE: The US dollar yesterday closed lower against most major currencies, except sterling, after a day of thin trading. Dealers said the dollar's weakness against the yen was due to selling by Japanese speculators and exporters with selling by local operators here also evident in the afternoon. Trading
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    • 172 5 Interbank rates at 3pm yesterday: •Id Oder a reee pertly cfienge Local dollars to on* unit of foreign currency: US dollar 2.1850 2.1860 2.8196 •22.51 Sterling pound 3.1857 3.1915 7.3469 ■56.64 Australian dollar 1.4432 1.4471 3.4286 NZ dollar 1.1438 1.1477 3.4286 Canadian dollar 1.5833 1-5875 3.4206 -53.71 Local
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    • 119 5 TOKYO: Yen gold futures closed 11 to 17 yen per gram easier yesterday. International bullion was U*****.25/U*****.00 an ounce compared with U*****.00/50 in New York on Wednesday. Hongkong, London and the Now York Morcantllo Exchange wore closed. GOLD PHYSICALS SBlEtS WJYMS ss 27*35 27/485 1 gm 37 28
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    • 509 5 BA Futures MARCH Eurodollars opened one tick higher than Wednesday s close but unchanged from CME's level at 93.96 Market activity was light and quiet with a tight trading range of 93.96 and 93.97 for the session. It finally closed at 93.96. March US Treasury-Bonds opened unchanged from the
      BA Futures  -  509 words
    • Article, Illustration
      112 5 THE OVERNIGHT rate on the Singapore interbank market closed at 5 1/2 per cent yesterday. moicitti &>• ivtrigt of prime lending raise of 12 major banks In Singapore Discount prices At yNtordi iy*i don PrtoM olltrtd by filar mini Kimmm O rH/WW on Dm n 3-mitt T-aiHt 2-17/1
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    • 247 5 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Period rates firmed between 1/8 and 5/16 point at the outset, but thereafter rates remained unchanged. One month closed at 8 7-7/8 per cent, two months at 7 6-7/8, three months at 6-3/4 65/8
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    • 280 5 Bernama ES MALAYSIA SHOULD set up a bond market and create the framework by which companies could issue bonds to raise long term loans in the public market, general manager of the Chase Bank in Kuala Lumpur, lan Q Hodge Jr, said on
      Bernama ES  -  280 words
    • 123 5 Bernama ES THE MALAYSIAN banking industry should free itself from its present restrictive nature and adopt the more dynamic universal banking concept which includes equity financing, according to economist Dr V Kanapathy. He said the Malaysian banking system, styled after the Anglo-Saxon system which restricts banking activities
      Bernama ES  -  123 words
    • 52 5 RESULTS OF TENDER held yesterday for 91-day bills to be issued from Dec 29 to 31 and Jan 2, 87: Offered: $150,000,000 Applied for $228,750,000 Allotted: $150,000,000 Accepted bide: $99.48 and approximately 29 per cent higher bids in full. Average rale of discount on allotment 2.030 per cent
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  • Page 5 Advertisements
    • 143 5 The classic afternoon tea is now playing at The Lounge Every afternoon, you can stroll into and cakes, and imaginative sandwiches. range of cocktails in Singapore. While the in the sight of the unique waterfall and The Lounge, relax and treat yourself to a While a classical quartet rounds off
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  • TIME-OFF
    • 600 6 LIKE HELEN S, whose face launched a thousand ships, hers is the smile that has scorned all questions and vanquished all theories. But unlike Helen, she cannot lay claim to being one of the great beauties of all time. Yet, through the years, she has confounded
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    • 965 6 HhhH EXHIBITION: Contemporary French palntinga. National Museum Art Gallery. 9am-5.30pm. Free. On till Dec 28 (except Mondays). The Experience* of Prleonera-of-War In Singapore. Pioneers of Singapore/Surrender Chambers Exhibition Room, Sentosa Island. 9am-9pm. A pictorial exhibition on the experiences of prisoners of war in Singapore during the Japanese Occupation (1942-45).
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    • 147 6 TWO-TIME Grammy Award winner Rita Coolidge (right) will give three performances at the Goodwood Park Hotel starting today. Miss Coolidge. daughter of a Baptist minister, sang in church choirs as a child with her sisters. After earning her degree in fine arts from Florida State
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    • 818 6  -  By JOHN DEMERS UPI IN 1986, the food fights worth following were not so much over what should be cooked Cajun v Mexican, French v American, classical v nouvelle as over how little one should cook it. Working with meats and seafoods alike, chefs in
      UPI  -  818 words
    • Article, Illustration
      425 6  -  Bv*< Mika Thumba THE SIMPLE SQUEEZE play is a fascinating end situation in the play of cards and it must be planned and executed in order to achieve results. The squeeze play Is the manipulation of dummy and declarer's cards in such a manner as to force the opponents
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    • 306 6 IT'S NICE to know that "Everyone at Burson-Marsteller wishes you., the best Christmas you've ever had!" Burson-Marsteller being one of the biggest public relations firms in Singapore. But not everyone signed. One of the cards carried only one signature, an unfortunate oversight, which does wipe away
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  • Page 6 Miscellaneous
    • 43 6 mff.BRiSTOb) I T>xejT VOO'LL Be PiTf ending "H-le Flßm'S DINM6R RND DP\NCC THIS N{ef\& UNRDRToNfKTeLY U)E.'VG hpdto Par op Tmg OF THe-nc«E.T^ 4 NRTORRU-V n' Co gl£*4 CM.' BueNCH/ i)»J IS ©Evening Standard Co Ltd.lM2-im THey PsRC NOu) "TEN ffoUNDS vPeR Hepo y
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  • SPORTS
    • 487 7  - Warren's gold medal Vincent faces a stumbling block in Rea Lean By WALTON MORAIS HISTORY is on Vincent Lee's side when Warren's Gold Medal championship tees off today, but unfortunately for the youngster, golf has little regard for sentimentality. For if it was left to Father History, the 20-year-old would
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    • 490 7 AP ALL ALLAN BORDER wants for Christmas is a test win even if it's a few days late. "It would be a great start to 1987," said the Australian cricket captain who has waited so long for the green and golds to get on
      AP  -  490 words
    • 633 7  -  By BRIAN MILLER FOR THE last couple of weeks, we've been watching quite closely as K C Ng and Peter Johnson battled it out for the jockey's title. But perhaps, we've been a little bit blinkered, because while all eyes have been focused on
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    • 664 7 AFP DANCING BRAVE, a North Amer-ican-bred, Arab-owned, Britishtrained horse, dominated European flat racing in 1986, although Lester Piggott's troubles with the British tax authorities gave added spice to the end of year. The colt, sired by Lyphard from the line of
      AFP  -  664 words
    • 580 7 UPI THE KOOKABURRA II team seeking to regain three vital points has asked an international jury overseeing the America s Cup defence races to reverse a protest verdict turning their race course victory into a strategic jury room win for rival Australia IV.
      UPI  -  580 words
    • 171 7 UPI THE MAYORS of San Diego and San Francisco have a little something extra riding on the America's Cup yacht race sprints semi-finals, when two California entries meet in Fremantle, Australia. San Diego's Star Stripes skipper Dennis Conner confronts San Francisco's American rival Tom Blackaller
      UPI  -  171 words
  • Page 7 Miscellaneous
    • 1142 7 Melissa Gilbert (right) dramatises the life of missionary Jean Donovan, who was murdered along with three American nuns in El Salvador six years ago. Their deaths charged to five Salvadoran national guardsmen renewed the furore over US support for that country's military-backed government. But rather than play up the political
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    • 571 7 mmmm t. 35 CRYPTIC PUZZLE ACROSS Teach the others about self-control (9) The liqueur I put in neat, stirring it about (8) 2 May be frisking for a gun (4) 3 Copies and puts into circulation (6) I The weather is cold, I'm late and running (7) 5 The knave
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  • INTERNATIONAL STOCKS
    • 475 8 Reuter NV PHILIPS Gloeilampenfabrieken's plans for a share issue on the Milan Stock Exchange may spur other listings on the fastgrowing bourse, financial analysts said. But they said Italy must speed up its cautious liberalisation of capital movement restrictions in order to
      Reuter  -  475 words
    • 360 8 NYT TRUE TO FORM, Wall Street security analysts are looking ahead to 1987 with rosier profit projections than economists and market strategists who work for the same brokerage houses. In the past, however, analysts often scaled back their estimates as the year progressed. As a group,
      NYT  -  360 words
    • 517 8 Reuter AFTER JUST over four years of state ownership, France's Paribas banking group is gearing up for a privatisation launch next month which its chairman calls "the biggest share offer ever made on the Paris financial market." Compagnie Financiere de Paribas and its main
      Reuter  -  517 words
    • 161 8 DCC M C t Abrttt* A lean Alum Algoma SO Bank Nova Scoti* Bank CM Montraal Ball Canada Bp Raaourcaa Braacan Ci A CampM Laka Canadian Imp Bank finptr Carllno OKaata Cn Bthrt O A Cominco Dofn Tar Doma Mlnaa Falcto Ltd Falconbridga Cop Giant yallow Kn«a Qt Waat
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    • 200 8 DCC 24 RAMO MO A Alpha USTMALS 1060 -50 Abarcom 325 Am! 1450 50 ZXF* 450 ***** unch Bartow* 1875 C 0 Smith ***** CXA 280 6 Curri# Flnanca 490 unch 196 Fuglt 7006 unch 600S Lib Holds 2850 Lonrho LTA 196 unch M And R 670 6 5
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    • 455 8 Amsterdam OCC 24 ru ASN Aagon Ahotd Akzo Alranta 525 40 88 30 ***** 156 10 140 80 -06 09 -04 -1.1 -04 AMEV Amro Bank Am Stad Barkat BOLS 73 80 90 30 125 10 19.20 iru so -02 0 6 +1.0 0.2 -2 Bomimlj 142 Boahrman
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    • 214 8 Reuter THE BRITISH Trade and Industry Department (DTI) is likely to issue a summons shortly against a civil servant on its staff on insider trading allegations, government sources have said. An announcement is expected next week, or possibly over the weekend. Meanwhile, further details are
      Reuter  -  214 words
    • 111 8 AFP THE US company PT Caltex Pacific Indonesia, which already produces more than a third of Indonesia's crude oil, has discovered a new oil field, Indonesia's state oil company Pertamina announced yesterday. The wildcat well, Ayu No 1, in the East Sumatran province of Riau,
      AFP  -  111 words
  • Page 8 Advertisements
    • 630 8 ii N SBW Pi is #f=P It's the NEU FACES... Fresh from their European tour. The NEU FACES Veteran and versatile musicians Rock n Roll. Top 40. New Wave excellently performed tor grand entertainment Nightly except Sundays At the Alcove Lounge where the beer is cheapest among hotel lounges ATmPOOLStOi
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    • 123 8 London stocks on Pags 11 Thunderstorm expected nightly from 8 pm except Sundays. /Hold it, don't reach out for your umbrella. It's Thunderstorm, the band that'll be striking up. Come prepared instead for a downpour of latest hits any day from 8 pm except Sundays, CRSKvti I QtWHCE HOTEL 270
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  • ASIAN STOCKS
    • 1270 9 RTHE YEAR IN EVIE^ Asian stock markets n J AFP ASIA'S diversity of stock markets, both big and smalt, came under increasing scrutiny from international investors in 1986. From the unprecedented boom in Japanese stock prices to the emergence of Thailand as
      AFP  -  1,270 words
    • 573 9 TOKYO: Stocks closed mixed yesterday in light trade with institutions reluctant to buy into the market ahead of next week's eight-day holiday, brokers said. The market average fluctuated narrowly and closed 46.39 up, at 18,820.65, after falling 128.59 on Thursday. Declines led advances five-four with 360 million shares traded
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    • 132 9 DEC 26 WON 1Chail Sugar 1850 unch Daalim Ind 516 11 Daewoo Corp 1035 44 Oaawoo Haavy 1230 -20 Daikhm Securities 4270 360 Dong Ah Phar 820 *6 Dong Suh Stock 1780 69 Dongbu Steal Goto Star 1880 1750 *80 ♦60 Hanii Bank 915 -6 Hand Cement 1162 10
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    • 309 9 DEC M MT fAll Sincsra Indue 1 96 ♦001 Asia Oman 28 30 unch Cathay Con* 34 60 -01 Chang Hwa Bank 39 00 -02 Chang Loong 27 20 0.1 Chia Ham Camant 26 60 unch Chin Hain Flour 11 30 unch China Cham 22 70 •01 China Dav
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    • 177 9 Reuter BANGKOK: The Stock Exchange of Thailand Index edged up 0.70 to 207.98. Turnover totalled 2,888,217 shares worth 281.1 million baht. DEC M BAHT Ao Kham Thai Ayudhya Investment 224 Bangkok Aground 64 Bangkok Bank 270 Bank Of Ayudhya 197 Charoong Thai Wire Cable 369 Oatamat 164 Ousitam East
      Reuter  -  177 words
    • 103 9 Reuter HONGKONG and Shanghai Banking Corp has agreed to sell its Australian insurance subsidiary, Carlingford Australia Insurance Co Ltd, to CIC Holdings Ltd for an undisclosed sum. Hongkongßank owns 83 per cent of Carlingford and Pioneer Concrete Services Ltd holds 17 per cent. They will transfer
      Reuter  -  103 words
  • Page 9 Advertisements
    • 94 9 R st Jff fit r m y c v Start of A New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood. Gado Gado. Sate (Satay). spicy Rendangs, Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half the experience. The other
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    • 132 9 S I ft übertutf (H>rill 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 524 for adults. $12 for
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    • 197 9 Discover a whole new experience IAKEFIVE LOUNGE STEAK HOUSE Level 5 "■n t t i h V A Celebrated Festive Fare 1 Jan '87 Set Lunch: SlB (Adult) $14-- (Childbelow 12) Inclusive of Novelties Lounge Hours spm to lam Normal Bar Prices h-r Best Remedy entertains you with their uyT
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    • 239 9 FESTIVAL OF BELLS AT THE HYRTT RING IN 1987 AT... HUGO'S: New Year s Eve Celebration in high style at the Hyatt s premier French restaurant Novelties Listen or dance to the sounds of a top live band $140* !HII I'MBGS! Goodbye 1986 Dinner Novelties Prizes Fun Games Dancing to
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    • 179 9 I Christmas Eve New Year Eve Dec I COFFEE GARDEN Buffet Lunch 12 noon 3pm Roast Tom Turkey/Sirloin Bee* (New Y«ir| Peking Dock A 30 other specialties Free novelties $15++ (Adult) $10-+ (Child below 12) Romantic Candlelight Buffet Dinner A Dance 7pm 3am Complimentary glass ot Red/White wine, novelties. mobile
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  • SHARE INFORMATION
    • 4047 10 MALAYSIAN counters stole the limelight yesterday, closing slightly higher while their local counterparts languished. Though the Straits Times Industrial Index fell, the overall market closed on a steadier note. The ST Index, comprising mostly of industrial blue chips, fell 1.09 points to
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    • 229 10 SINGAPORE RIM* HVMCM Oac 24 Dac 2* M tanking 14] +13 »TCi«pi*i 799JO\ 7*7.90 SH Marl—a. 90% +9 HMm 2*7St*1 2724*9** M Ckw 197 +7 BTOB/OS +S +4 rafaaooHM* 13 +7 I'OO 4921 -697* NST 4t2 ITO*V *65)40 72*22 NMfagGtfSOt 74 902J9 901.20 FadCoMa. 50 S% *fka.
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    • 2862 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
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    • 173 10 MALAYA GLASS Factory Bertiad: 25th AGM at 72A, Jalan Tampoi, ***** Johor Bahru, Johor, on Monday, Dec 29, at noon. ARAB-MALAYSIAN Development Barhad: 20th AGM at 7th Floor, Bangunan Arab-Malaysian, Jalan Raja Chulan, ***** Kuala Lumpur on Dec 30, at 10.30am. FABER MERLIN MALAYSIA Barhad: 23rd AGM at
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  • COMPANY NEWS
    • 657 11 MBf HOLDINGS Bhd has accused directors of Emtex Corporation of a "ploy" to prevent shareholders wishing to be represented by proxies from attending the company's "showdown" annual general meeting on Dec 31. MBf Holdings, which owns 21.48 per cent of Emtex through whollyowned
      657 words
    • 106 11 TAT LEE FINANCE is acquiring three floors of Tung Ann Association Building in Cecil Street totalling 1,178 square metres for $3.8 million. The premises, comprising the first storey (with mezzanine and semi-basement), second and third storeys, will serve as the head office of
      106 words
    • 99 11 PROPERTY-BASED Malayan Credit Ltd has reported a 30.2 per cent lower group pre-tax profit of M 51.13 million for the six months ended Sep 30, 1986, against $1.62 million previously. Group turnover fell 23.8 per cent to $5.99 million from $7.86 million. The company said efforts to revitalise
      99 words
    • 115 11 HONGKONG Hongkong Index Friday closed Wednesday 1609 38 Week ago 1570.37 Hang Seng Index Friday closed Wednesday *****2* Week ago *****1 All Industrials Friday closed Wednesday 2331 5* Week ogo 2318 7 NEW YORK Dow Jones Thursday closed Wednesday 1926 88 Week ogo 1912.82 TOKYO Nikkei Average Friday
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    • 246 11 Managers' prices MARA-Bumiputra for Dm 27 29 First B'putro 519 524 Second B'putro 470 4 75 Singapore Unit Trust Third B'putro Fourth B'putro 370 4 16 375 421 The Commerce 0 89 096 fifth B'putro 267 272 The Savings Fund 082 oae Sixth B'putro 276 2 61 S
      246 words
    • 589 11 EQUITIES on Wednesday closed early ahead of the Christmas holiday, with prices showing a firmer bias, although volume was light. Among leaders, ICI was unchanged at 1,084, Glaxo added 2p to 1,045, Lucas 3p to 466 after a broker's circular and Blue Circle 8p to 663. Elsewhere, P
      589 words
    • 642 11  -  By AMY CHEOK IN RESPONSE TO calls from the Kuala Lumpur Stock Exchange, the Malaysian Trade and Industry Ministry has agreed to postpone, indefinitely, the implementation of the controversial new share transfer forms (Form 32a) for Malaysian stocks. According to the
      642 words
    • 213 11 METAL BOX Singapore has made its second multi-million dollar acquisition in a week. This time the manufacturer of packaging containers is spending a hefty $16.7 million cash to buy the factory building, plant and equipment belonging to Puvaria Packaging Industries Pte Ltd. Currently under
      213 words
    • 468 11 SENTIMENT remained fairly buoyant on the Kuala Lumpur stock exchange yesterday with selective counters recording moderate gains. Dealers attributed the stronger performance to window dressing activities as several thinly-trad-ed counters were active and closed higher. Other situationals which had caught investors' attention
      468 words
    • 1880 11 810 and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS Aomo (***** AJcom 1726) lit 71 IS 71.5 ID
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    • 186 11 CI HOLDINGS Bhd is acquiring a piece of land at Batu Caves near Kuala Lumpur for M 54.92 million. Part of the land measuring 2.6 hectares is occupied by a factory owned by a wholly-owned subsidiary, Monier (M) Sdn Bhd, which makes
      186 words
  • Page 11 Advertisements
    • 3 11 TECHNOLOGY every Friday
      3 words
    • 555 11 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 185 INDONESIA PELITA SERVICE CO. PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF SPECIAL RESOLUTIONS At an Extraordinary General Meeting of the members of Indonesia Pellta Service Co. Pte. Ltd. duly convened and held at Jin Ha yam, Wuruk 111-DM Jakarta,
      555 words
    • 532 11 THIAN TKNG HOO PRIVATE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company convened and held at 462-C Serangoon Rd S pore 0621 on the 22nd day of December 1906, the following Special Resolutions were duly passed:1. That the company be wound up
      532 words

  • 496 12  -  Another $2m of advertisements for Indonesia, Malaysia and Brunei By BOEY KIT YIN A MEDIA BLITZ next year will see $2 million worth of Arrow shirt advertisements splashed in Singapore in a bid to win a bigger share of the market for brand-name shirts. Arrow's
    496 words
  • 1122 12 AT CONVENTIONAL WHARVES VnmI Barth Arrival Departure KEPPEL WHARVES C'tina Isabel K15 alongside 27.12/2300 Koningsgracht <21 alongside 27.12/0600 Ned Barcenola K18 alongside 27.12/1000 African Highway K9 27.12/2100 28.12/0200 Alfesani K19 27.12/0700 01.01/0700 Auby K25E 27.12/0630 27.12/2300 Equator 4 K23 27.12/07® 28.12/0700 G Zeki Dogan K16 27.12/1700 29.12/0300
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  • 244 12 JAPANESE government planners, fighting a plague of economic ills, were encouraged yesterday by official figures confirming that the nation's huge trade surplus was declining. The Finance Ministry said that the surplus in November had fallen to US$B.5O billion, down from US$B.72 billion in October and
    244 words
  • 240 12  -  By ANNA TEO ONE HUNDRED people will spend the last few hours of this year glued to the telephone for a cause. They will be the volunteers from five organisations manning the 100 telephone lines at Kallang Theatre on New Year's Eve,
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  • 71 12 PRIME MINISTER Lee Kuan Yew, together with Second Deputy Prime Minister Ong Teng Cheong, left for Taipei yesterday. Accompanied by Mrs Lee and Mrs Ong, they will also visit Hongkong and are expected to return to Singapore by the New Year. Mr Goh
    71 words
  • 113 12 Reuter BANK INDONESIA, the central bank, reported lower turnover in the foreign exchange market yesterday, with sales of U*****.25 million against U*****.5 million on Wednesday, but the figure remained well above the daily average of US$ll million for November. Bankers said a
    Reuter  -  113 words
  • 74 12 THE DIESEL PUMP PRICE will rise by 1.3 cents a litre from today, according to a statement from the Ministry of Trade Industry. The ministry said the increase from 36.5 cents per litre to 37.8 cents per litre was due
    74 words
  • 181 12 AP THE MAJOR non-commu-nist industrialised nations are enjoying increased economic expansion, and the shrinking economies of Britain and Australia have improved, the US Conference Board says. The New York-based business research group drew these conclusions on the basis of its international economic scoreboard, calculated from
    AP  -  181 words
  • LATE FILE
    • 44 12 Bernama ES ASEAN's oil requirements are projected to rise to 1.2 million barrels per day (bpd) by the middle of the next decade from the current 1.1 million bpd level, said Petronas president Tan Sri Abdullah Salleh yesterday.
      Bernama ES  -  44 words
    • 62 12 Bernama ES SABAH recorded a 14.2 per cent decline in its trade surplus for the first 10 months this year to M 51,021.4 million from M 51,190.9 million for the 1985 corresponding period. Preliminary figures from the statistics department show export receipts were M 53,945 million,
      Bernama ES  -  62 words
    • 39 12 Bernama ES THE Parti Bersatu Sabah (PBS) said yesterday that it welcomes the expansion of Umno to Sabah, adding that Malaysia's Constitution does not prohibit any political party from establishing itself anywhere in the country.
      Bernama ES  -  39 words
    • 45 12 Bernama CUEPACS has decided to cancel its proposed nationwide rallies as a gesture of appreciation for the government's recent decision restoring the 4 per cent interest rate for government housing loans granted or applied for before or on Oct 24. Ber-
      Bernama  -  45 words
    • 52 12 AFP FOREIGN Minister Mochtar Kusumaatmaja said yesterday that Indonesia was closing the year with hopes of improvements in the Southeast Asian region with a new leadership and a new political orientation in Vietnam. Indonesian foreign policy efforts in 1986 were concentrated on developing better regional ties, Mr Mochtar
      AFP  -  52 words
    • 34 12 AP JAPAN yesterday called for a political settlement of the "deplorable situation'' in Afghanistan that would include the total and immediate withdrawal of Soviet forces from that country. AP
      AP  -  34 words
    • 45 12 UPI THOUSANDS of Chinese students calling for more democracy have held four straight days of protests this week in the eastern provincial capital of Nanjing, bringing to at least 10 the number of cities hit by unrest this month. UPI
      UPI  -  45 words
    • 34 12 AP HIJACKERS of an Iraqi jet set off two grenades just before the plane plunged into the Saudi Arabian desert and crashed, said a survivor yesterday. Sixty-two people died. AP
      AP  -  34 words
    • 42 12 AFP SOUTH AFRICA needs political reform urgently if its tentative economic recovery from recession is to be sustained, said the Association of Chambers of Commerce and the Bureau of Economic Research of the University of Stellenbosch. AFP
      AFP  -  42 words
  • 369 12 THE THREE-AND-A-HALF days of trading this past week saw most CPF trustee shares relegated to the background as bombed-out Malaysian issues were lifted higher due to window-dressing and short-covering. Still there was some buying interest in such trustee stocks as Wearnes and Yeo Hiap Seng.
    369 words
  • 420 12 THE PUBLIC UTILITIES BOARD (PUB) will spend almost $600 million on development projects next year. This will bring the board's total investments in property, plant and equipment to more than $7 billion. Its projected expenditure for next year is substantially less than
    420 words
  • 98 12 Reuter AUTHORITIES in China yesterday tightened regulations on public meetings in Shanghai after a week of demonstrations by Chinese students demanding greater democracy. A Public Security Bureau statement said rally organisers would have to apply for a licence 72 hours in advance of a meeting,
    Reuter  -  98 words
  • 80 12 UPI VEHICLE DEFECTS not addressed by the US Department of Transportation during the past six years have led to 500 deaths. 7,000 injuries and 20,000 traffic accidents. The Centre for Auto Safety said yesterday that one of every five cars sold in the US in the
    UPI  -  80 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • 45 12 Outlook: Fair and windy Raport for 24 hours prior to 7.30pm on Dac 26at tha airport Maximum tamparatura 30.3 Aaaodatad humidity 71 Minimum tamparatura 24.3 Aaaodatad humidity 92 Hours of sunshlna 3.10 Rainfall In mllllmatras 0.2 Rainfall this month 327.2 Rainy days this month 12
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