The Business Times, 21 July 1984
1984-07-21
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The Business Times
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Title Section12 1984-07-21 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, JULY 21, ISB4 60 CENTS12 words
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449 1984-07-21 1 WANG LOOK KEAH - ALITALIA LOOKING INTO IDEAS TO BOOST TOURIST TRAFFIC By WANG LOOK KEAH, Transport Correspondent SINGAPORE AIRLINES has proposed to sell a round-the-world fare jointly with Alitalia, the second such fare. The first round-the-world fare is offered jointly with Trans World Airlines. An449 words
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Article, Illustration352 1984-07-21 1 JEFFREY TSANG - By JEFFREY TSANG TELEPHONECOMMUNICATION between Singapore, Indonesia and Australia will be enhanced over the next two years with the laying of a submarine cable linking the three countries. The telecommunication authorities of the three countries and Hongkong yesterday signed a £104 million contract with352 words
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243 1984-07-21 1 THE DEPARTMENT of Civil Aviation will become a statutory board on Sep 1. Although the date has been set, it is believed that the board of directors has yet to be finalised. To be called the Civil Aviation Authority of Singapore (CAAS), the243 words
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97 1984-07-21 1 AFP THE JAPANESE Posts and Communications Minister treaded softly in his meeting with angry representatives of the sandal industry yesterday to end a two-week controversy over the banning of sandalwearing in the ministry during office hours. The sandal controversy was sparked off by aAFP - 97 words
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Article, Illustration61 1984-07-21 1 SHARE prices eased across the burl on prtftt-toHng at the Singapore stock market yesterday. The day ended with the allsector BT Composite Index shedding 4M points to 78UJ while the widely monitored Straits Times Industrial Index finished 4.13 points lower at 873.77. Investors were held hack by uncertainties61 words
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511 1984-07-21 1 FLORENCE CHONG - By FLORENCE CHONG THE OVERSEA-CHINESE Banking Corporation is reported to have worked out a deal with the West Australian government which would virtually ensure its entry into Australia. According to the latest issue of Australian Business, a national business511 words
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646 1984-07-21 1 NAJEEB JARHOM - By NAJEEB JARHOM QAF HOLDINGS Bhd of Brunei and locally-listed Ben A Co Ltd have unveiled a three-tier scheme which will eventually result in QAF controlling 65 per cent of Ben's enlarged capital. This will fulfill QAF's ambition to gain a lising on646 words
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Page 1 Advertisements
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Advertisement82 1984-07-21 1 •ASIA W $4 ENEX iH VTECHNICAL CONFERENCE "and workshop sessions^ Eminent technologists from 10 countries presenting the latest in electrical electronic engineering For more information, call:lINTERFAMA PTE LTD Tel: *****12 I S$ FIXED DEPOSITS We offer you one of the highest interest rates 1.3.6.9 and /O 12 months A p.82 words
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Advertisement259 1984-07-21 1 mm SHARE INFORMATION 10 RAW MATERIALS 4 MONEY A EXCHANGES 5 MALAYSIANS formerly working in Singapore can withdraw their CPF money when they are 50 provided they were not working here in the preceding two years. P«g«2 MORE than half of each year's US military budget is spent to protect259 words
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Advertisement153 1984-07-21 1 FuN report, Pags 10 international stocks, Pago 8 Asian stocks, Pago 9 TRAVELLING IN ASIA? When business or pleasure takes you travelling, your CLARK HATCH membership entitles you to full use of any of the 10 CLARK HATCH PHYSICAL FITNESS CENTERS located throughout Asia. The staff of CLARK HATCH PHYSICAL153 words
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Advertisement6 1984-07-21 1 An Interfama organised show Tel *****126 words
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HOME NEWS
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Article, Illustration280 1984-07-21 2 LISA LEE - By LISA LEE HOUSING Board flat applicants still have to wait for their flats, but they are now able to get information more quickly on how long the wait will take. The board has set up a computerised information counter at its sales office in Maxwell280 words
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Article103 1984-07-21 2 THE SECURITY station-inspec-tor of Chartered Industries of Singapore (Pte) Ltd, Chew Soon Teik, was yesterday charged in court with the murder of the chief security officer, Mr Lye Pak Ming, 54. Mr Lye was shot in his Jalan Boon Lay office on Thursday at 10.20 am.103 words
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Article72 1984-07-21 2 THE HOUSING and Development Board has turned down requests from owners of executive maisonettes to enclose the front-door recess area. A spokesman for the board said the spot will still remain a public area as it allows Public Utilities Board personnel and repairmen easy access in72 words
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219 1984-07-21 2 ASEAN MUST CONTINUE to be alert to threats against the security of the South-east Asian countries, which "can come from any number of sources". Efforts to secure peace must therefore cover a wide field, says Dr Yeo Ning Hong,219 words
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333 1984-07-21 2 MALAYSIANS formerly working in Singapore can withdraw their Central Provident Fund contributions when they reach the age of 50. This is provided they had not been working in the Republic during the preceding two years. The CPF board confirmed this333 words
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310 1984-07-21 2 YOUNGER UNION leaders have been called to uphold the tradition of responsible unionism. Dr Wan Soon Bee, deputy secretary-general of NTUC and Minister of State, yesterday said that these leaders must develop an awareness of workers' needs and help them adapt to changes. They310 words
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314 1984-07-21 2 TO COMMEMORATE Singapore's 25 years of nation building, a special $5 Sterling Silver Proof Coin and f5 Uncirculated Cupro-Nickel Coin will be issued next month. These coins portray an inflorescence of the "Vanda Miss Joaquim" on the reverse and314 words
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Article49 1984-07-21 2 THERE will be no change in the electricity and gas tariffs for the next three months commencing Aug 1. Fuel prices to the Public Utilities Board for the generaion of electricity and the reduction of gas have remained stable during the past three months.49 words
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159 1984-07-21 2 BUSINESS consultant Rudy Vivian Rodrigues was jailed yesterday for 12 months for his part in a $4.01 million marine' fraud. Rodrigues, 47, represented by Mr Gilbert Gray, QC, is out on $250,000 bail pending appeal against conviction and sentence. He was found159 words
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Article294 1984-07-21 2 Seminars and courses DURATION TITLE VENUE ORGANISER July 21 July 21 28 July 23 July 23&24 July 23-25 July 23-25 July 23-26 July 23-27 July 23-27 July 23-28 July 23-28 July 24 Scarfoldina Material Handling In Shipbuilding T elephone Techniques Courtesies Tom Peters On Moving Towards Excellence Fundamentals Of294 words
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169 1984-07-21 2 THE CRANE Operators' Safety course will be conducted in Mandarin and Malay in addition to English because of the language problems encountered by the first three batches of crane operators who attended the Ministry of Labour course. The safety course aims at teaching the169 words
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332 1984-07-21 2 SEMBAWANG ENGINEERING has secured a sub-contract to build three accommodation modules for use in the Arabian Gulf. Although the company would not disclose the value of the project, industry sources estimate that the job is worth more than $35 million. The accommodation modules will332 words
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Article219 1984-07-21 2 THE PUBLIC Works Department has completed a new primary school in the Toa Payoh zone and will hand it over to the Ministry of Education on July 20. The Lee Kuo Chuan Primary School is located at south of Jalan Toa Payoh with access219 words
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Article546 1984-07-21 2 THE ENGINEER of the future, working within a shared resource management environment, will be able to see his prototype from design through testing to pre-production, all from within the confines of his desktop computer. This impact and significance of the workstation, which is to an546 words
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OVERSEAS
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312 1984-07-21 3 NYT FRANCE'S new Socialist Cabinet announced a surprise package of income tax cuts within hours of taking office on Thursday and promised further tax cuts in the years ahead. The tax cuts, approved at a Cabinet meeting immediately after the government was formed,NYT - 312 words
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Article227 1984-07-21 3 Reuter CHINA'S television viewers are to be treated to 64 hours of American television, including their first taste of American football and movies such as "Quarterback Princess" and "Muggable Mary: Street Cop". Under an year-long agreement signed on Thursday, China Central Television (CCTV)Reuter - 227 words
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Article125 1984-07-21 3 AP FROGS EAT harmful bugs and protect plants, and anyone catching or selling the amphibious animals will be fined. "Frog-catching is banned", the Beijing Ribao said in a front-page announcement on Thursday, ordered by the Chinese government. The announcement also said that frogs and tadpoles mightAP - 125 words
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Article747 1984-07-21 3 ARRIVALS Operator Sarvica Local From number time PAA PA5 0020 JFK/SFO/HKG CAL CI331 0150 TPE MAS MH681 0620 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH601 0905 KUL SV SV386 0910 JED/RUH MAS MH67I 0935 KUL MAS MH811 0940 PEN CAL CI806 0945 HLP747 words
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214 1984-07-21 3 Reuter THE Philippines' 1985 budget, to be presented on Tuesday, is certain to project a deficit but no major tax measures are expected, economists and businessmen said. Prime Minister Cesar Virata has pledged to reduce the deficit to 1.3 per cent ofReuter - 214 words
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Article, Illustration624 1984-07-21 3 UPI US Democratic presidential nominee Walter Mondale has said he would raise taxes and cut the US budget deficit by two-thirds if he defeated Ronald Reagan in the November election. Mr Mondale told the Democratic National Convention on Thursday that whoever won the election, the budgetUPI; AP Photo - 624 words
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630 1984-07-21 4 NYT MORE THAN half of each year's US military budget is spent to protect Western Europe, according to confidential assessments of American military spending by the Defence Department and the General Accounting Office (GAO). The two separate reports also show that theNYT - 630 words
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Article84 1984-07-21 4 Reuter LIFTING restrictions on the international textile trade would reduce prices and encourage production, the world trade organisation Gatt said on Thursday. By phasing out restraints under the current Multi-Fibre Arrangement (MFA) and bringing textiles and clothing under rules of the General Agreement on TariffsReuter - 84 words
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Article, Illustration440 1984-07-21 4 UPI, Reuter LEADERS OF Britain's dockworkers yesterday reached an agreement after 16 hours of talks with employers and said they would recommend a return to work, ending an 11-day strike that closed most ofUPI,; Reuter; UPI photo. - 440 words
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Article216 1984-07-21 4 UPI THE WORLD Bank has not yet succeeded in raising an additional US$3 billion in aid for the poorest nations, a senior official said on Thursday. The impasse has dire implications for sub-Sahara Africa, the world's most destitute region, and for countries in SouthUPI - 216 words
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193 1984-07-21 4 AFP THE BRITISH electrical, electronic, telecommunications and plumbing union (EEPTU) will send a team to Tokyo next October to discuss "no-strike" agreements with Japanese companies planning to set up factories in Britain. Eric Hammond, EETPU General Secretary-elect, warned that in spite ofAFP - 193 words
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WORLD IN BRIEF
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Article35 1984-07-21 4 ARGENTINA and Britain said on Thursday that their talks over the Falkland Islands had broken down, and each side blamed the other. The talks broke down over the key issue of sovereignty.35 words
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Article42 1984-07-21 4 OPEC member nations gave aid to the Third World averaging 2.5 per cent of their GNP in 1971-83. This is against an average 0.33 per cent of GNP from traditional donors, a UN Conference on Trade and Development report said.42 words
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Article39 1984-07-21 4 A CONVICTED bank robber who was arrested in the stillunsolved US$5.B million Lufthansa robbery was found shot to death on Wednesday in a basement apartment in Brooklyn. A young woman was also found slain in the apartment.39 words
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Article29 1984-07-21 4 Agencies TWO DAYS of beef talks between Japan and Australia, one of Japan's major suppliers, ended yesterday without producing a formal agreement, the Australian embassy said. AgenciesAgencies - 29 words
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Article37 1984-07-21 4 MALAYSIA expects a trade surplus of M 53.7 billion this year, parliament was told. Deputy Finance Minister Datuk Sabbaruddin Chik said a surplus of |1.6 billion was recorded in the first quarter of this year.37 words
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Page 3 Advertisements
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Advertisement13 1984-07-21 3 I /VM Pan Am. Daily *****'T0 USA. It Flies Smoother, Faster And Quieter.13 words
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Advertisement297 1984-07-21 3 There Are A Lor More Coming: Axept IHem All rf rf-~* I WSrJJ» W~~WSA iDfttk s*k-'j£&>. mmu.sMf j. tu T'? m ?>• |®S I n recent years Visa -L has grown from one card into a family of three, each designed to serve its own special group of cardholders. And297 words
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RAW MATERIALS
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Article295 1984-07-21 4 SINGAPORE The market closed lower yesterday with August One RSS buyers quoted at 185.00 cents per kilo, down 1.50 cents from Thursday. The morning session lost about 0.75 cents after fluctuating uncertainly on buying interest and some profit-taking. MALAYSIA The market closed slightly lower yesterday at 207.00 cents per295 words
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Article295 1984-07-21 4 RAS prices (m S cents/kilo, FOB in bales) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS prompt 182.50 183.50N 181 50 182.50N Int 1 RSS Aug 186 00 186 50 185.00 185.50 Int 1 RSS Sep 192 00 192 50 191.00 191.50 Int 2 RSS 179295 words
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Article107 1984-07-21 4 (in cents/1 ton poll«ts) August September (current mth) (forward mth) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 183 00 185 OON 184 00 186 OON SSR 50 181 00 183.OON 182 00 184 OON MRELB Buyers Seders Buyers Sellers SMR CV 231.50 233. SON 231107 words
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Article97 1984-07-21 4 THE Straits tin price in Penang yesterday remained at the IT A fleer level ef M52».15 per Idle. Dealers neted a continuing absence ef overseas demand despite the price being at parity with the high grade spet price in Lenden following sterling's firmness against the Malaysian dollar. The97 words
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Article165 1984-07-21 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 3,450 Blue Phoenix 20"s 3,550 Blue Phoenix 32's 3,900 Blue Phoenix 40's 4,350 Carded yarn, hank Blue Phoenix 21 3,600 Combed yarn, cones Blue Phoenix 32's 5,500 Blue Phoenix 40's 5,600 Open-end yarn Blue165 words
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Article115 1984-07-21 4 WHEAT futures closed I'/« to cents a bushel higher on the Chicago Board of Trade on Thursday in quiet trade Futures fell from day's highs after midsession in sympathy with the drop in soybean futures, which declined on a lack of followthrough buying. Corn futures ranged from 2Vi cents115 words
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Article119 1984-07-21 4 SOYBEAN futures broke to the minus side after midday on the Chicago Board of Trade on Thursday to close 9'/j to l'/2 cents a bushel lower. August ended near the bottom of a 33cent range. Soy oil futures ranged from up 1.02 cent a pound in limitless spot July119 words
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Article156 1984-07-21 4 Chinese Produce Robusta 20/25% Exchange FOB NSW 487 50 (Sellers' noon closing pr ices on July Nutmeg 20 S$/100 kg) M0 FOB NSW 355 00 Coconut oil B W FOB NSW 256 00 Bulk FOB ***** Gombier Old drum FOB 223 00 FOB NSW 305 00 New drum156 words
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Article117 1984-07-21 4 MALAYSIAN crude palm oil prices yesterday eased on profit-taking and speculative selling sparked by lower Chicago soybean futures and Pakistan's rejection of offers at its tender. July deliveries in the south, central and north regions fell Ms3s to $1,025 per tonne. August in the central lost $40 while117 words
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159 1984-07-21 4 MALAYSIA'S Crude Palm Oil (CPO) output in the first half of this year amounted to 1.44 million tonnes, an increase of 5.8 per cent compared to the 1.36 million tonnes produced in the same period last year. A Palm Oil Registration and Licensing Authority159 words
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Article874 1984-07-21 4 COFFEE Robusta futures at midday yesterday were £14 below to unchanged from Thursday's close, although expiring near July was down £22 at £2,174. Near September ended the morning at £2,204 a tonne, around £4 lower, but above current support levels. The market opened around £25 to £7 lower874 words
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Article293 1984-07-21 4 Singapore (S$/kito, e«-godown) Thoi white 100% 1st ckws (kangaroo) 1 05 new crop 100% 2nd class 077 100% 3rd class 075 25% new crop No stock B-10% No stock Thai broken A-super 062 Special 055 Thai rice 55% No stock China rice 10% 092 15% No stock 25% No293 words
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BANKING AND FINANCE
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Article, Illustration752 1984-07-21 5 SINGAPORE: The US dollar recovered against moqt major currencies in this late trading yesterday to; close slightly firmer than New York's levels. The dollar's late firmness was attributed to European buying after easing this morning on some position adjustments. the dollar rose to 2.8495/ 850fr marks from an752 words
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Article232 1984-07-21 5 Interbank rates at 3pm CymnciH quoted yoeterdey 11 h nn :roee parity change Locol dollars to on* unit of foreign currency: US dollar 2 1465 2 1475 2 8196 -2387 Sterling pound 2 8484 2 8518 7 3469 -61 23 Australian dollar 1.7827 1 7856 ***** 47 96232 words
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Article288 1984-07-21 5 LONDON Tift morning gold fix yesterday was U*****.50 an ounce, down $3.70 from the previous fix. SINGAPORE Futures closed higher yesterday in moderate trading on local buying interest. December, the only traded position with a turnover of 342 lots, closed firmer at U*****.70 an ounce compared with New York's288 words
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Article74 1984-07-21 5 THE OVERNIGHT rate rose by a V* -point to close at 7V« per cent on the Singapore interbank money market yesterday. Term rate for the onemonth maturity slipped by 1/16-point, while the two and three-month periods remained at Thursday's closing levels. S$ interbank rates at 3pm yesterday Offer74 words
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Article95 1984-07-21 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from July 16 to 20: Offered: $130,000,000. Applied far: $142,500,000. Allotted: $130,000,000. Accepted bids: $99.25 approximately 93 per cent; higher bids in full. Average rate diseeant m allotment: 3.010 per cent per annum. -> Discount prices95 words
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Article269 1984-07-21 5 Asian market Asian dollar deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Short-dates opened between 1/16 and 3/16 point weaker due to a softer US federal funds rate and then were unchanged with weekend closing at 11-5/16 11-3/16 and week fixed at 11-7/16 11-5/16. Dealers reported269 words
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235 1984-07-21 5 Reuter THE US credit markets heard good news on the money supply on Thursday. But the vigour of the economy suggests that any near-term drop in interest rates is likely to be temporary, economists said. The Federal Reserve reported thatReuter - 235 words
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417 1984-07-21 5 Reuter BANKS IN THE major noncommunist industrialised countries increased their credit commitments to foreign borrowers in the second half of 1963, reversing a trend of decline. The Bank for International Settlements (BIS), in its semiannual report on inten\ational debt maturity structure, released yesterday, saidReuter - 417 words
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Article306 1984-07-21 5 AMY BALAN - By AMY BALAN RATIONALISATION of staff requirements at merchant bank Morgan Guaranty Pacific has helped partly in keeping its 1963 profit figures at roughly the same level as 1962. The bank turned in a pre-tax profit of $5.06 million last year, a drop of306 words
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100 1984-07-21 5 Reuter BUNDESBANK president Karl Otto Poehl has called on the West German government to abolish the tax paid by foreign investors on interest earned from West German bonds, in the same way as the Reagan administration proposed ending the tax for foreigners owning USReuter - 100 words
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Page 5 Advertisements
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Advertisement782 1984-07-21 5 CITIBANK Citibank, N.A. (Incorporated with Limited Liability in the U.S.A.) CONSOLIDATED BALANCE SHEET IN MILLIONS OF DOLLARS Aaaata Cash and Due from Banks Deposits ot Interest with Banks Investment Securities (Morket value $5,805 ond $4,792 in 1983 ond 1982, respectively) Trading Account Assets Federal Funds Sold and Securities Purchased Under782 words
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FEATURES
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Article465 1984-07-21 6 A SPECIES of birds called gallus gallus may soon deserve a place in the Jurong Bird Park. If the management of the park have no intention of adding them to their collection, they may have to reconsider because the species is likely to become a very rare465 words
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Article, Illustration986 1984-07-21 6 BRIAN MILLER - By BRIAN MILLER TEN MONTHS after Alan Bond's illustrious Australia II triumphed in the America s Cup at Newport, Rhode Island, 24 foreign challengers have started making plans to wrest yachting's most prized trophy from the Royal Perth Yacht Club (RPYC). As a986 words
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Article1122 1984-07-21 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL Location Chung Lie 405A 21.7.84 2130 Continental FSB 0800-0930 Ul Al Mirqab 6 21.7.84 2359 Sealord TA 3 1000-1200 P4 Hk Ace 62B 227.84 0300 Sunship FSB 0700-0800/1300-1500 U3 Nipponica 56/543 22.7.84 03001,122 words
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Page 6 Miscellaneous
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Miscellaneous1327 1984-07-21 6 to cm a&M HIGHLIGHTS Living Heritages in Asia The fire and the clay the porcelains of Korea. 8.03 pm, Channel 12 Mr Yu Hae-Kang recreates the method of making Koryo celadon porcelain. The technique of making this particular porcelain was unknown for the post 500 years. This programme shows the1,327 words
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TIME-OFF
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Article, Illustration594 1984-07-21 7 BRIAN MILLER - By BRIAN MILLER THEY'RE saying that this year's Old Parr International Matchplay golf tournament between Singapore and Malaysia is shaping up to be anybody's race. However, Mr Ong Ah Keng, the newly-elected president of the Singapore Professional Golfers Association, thinks otherwise. "This594 words
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Article, Illustration241 1984-07-21 7 PROFESSOR Tommy Koh, Singapore's former representative to the United Nations, seems to have a good sense of timing where it comes to hosting lunches. Some months back, he arranged to have lunch upon his return to Singapore with Mr Peter Lim, editor-in-chief of241 words
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Article, Illustration1259 1984-07-21 7 JEFFREY TSANG - With its new and formidable Macintosh personal computer, Apple Computer Inc hopes to turn the tables on IBM and regain its lead in the market, reports JEFFREY TSANG. JEFFREY TSANG THE Home computer has come a long way since 1976 when the1,259 words
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Article437 1984-07-21 7 UPI MISS PIGGY and Kermit the frog, co-founders of the Muppet Repertory Theatre, have exchanged marriage vows on the stage of their hit Broadway musical, "Manhattan Melodies." The ceremony was also Aimed for a segment of their new feature film, "the Muppets take Manhattan."UPI - 437 words
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Article502 1984-07-21 7 CONCERTS The Music for Everyone series features the Reger Trio. Its members are Berhard Hartog, violinist and concertmaster; Wolfram Christ, violist; and Ansgar Schneider, ceNist. The Trio will play classics as wed as modern works. On July 23, DBS auditorium, 8pm. Tickets: $5 and $8. The CYC Youth502 words
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Page 7 Miscellaneous
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Miscellaneous797 1984-07-21 7 CRYPTIC PUZZLE ACROSS 9 Fed low when you kmd (5, 4) 10 Wafcs the noon round ond keeps talkmg (7, 2) 12 Pale, liie the honey one removed from if (4) 13 Lock and abandon (6) 14 With "Nonsense'" point to the two trees (3-4) 15 Be very pained about797 words
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INTERNATIONAL STOCKS
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Article362 1984-07-21 8 Reuter THE LONDON Stock Exchange's new equity dealing system, to be developed before the end of 1966, will allow firms to act as both agents and principals when dealing with investors, a stock exchange council paper said. Any exchange firm will also be able toReuter - 362 words
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93 1984-07-21 8 Reuter THE US Securities and Exchange Commission has charged in a lawsuit filed in federal court that a Shell Oil Co stockholders' group failed to make required filings and disclosures with the federal government about its campaign to obtain a higher price for group members'Reuter - 93 words
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274 1984-07-21 8 UPI THE STOCK MARKET, unable to sustain an afternoon rally attempt, skidded to a five-week low on Thursday in a broadlybased sell-off. Wall Street professionals said the market was devastated much of the day by the second leg of a huge institutionalUPI - 274 words
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Article99 1984-07-21 8 JULY 19 C$ 27 Imp CM hco 34 12 33* kr»t Prov Pipe 29* 20* Int UK 23* 21* ln(1 Nickel 10* 15* 31* Lobiow 6 BP Can Ltd 23 Mam* Ferg 3* 29* 24 23* Motion A 16* 51* 38 16* Norando Mn 17* 26* 4*B 26* 2699 words
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Article183 1984-07-21 8 JULY 19 (and Un Steel 110 unch Urasec 515 ur>ch INDUSTRIALS Woolworth 1550 unch A Alpha 826 1 MININGS Abercom 170 unch AE And a 835 unch Anglos 2175 25 AMIC 2850 25 Anglvoal 1750 4-25 1200 Buff eh ***** 1870 -5 Charter 440 20 CNA 260S Cons Gold183 words
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Article697 1984-07-21 8 JULY 19 ACF hduilntt Alcan AJurrwi Alcoo US$ 25* 32* unch AAod Cham Cp AM Storn Ah-ChabTMn Am Brandt he Am Broodcost Am Con Co Am Cyanamd AmEbcPw Am Enprns Am Mom* Prod Am Motors Cp Am Natural Gas Am Tal 4 Tal Amu Inc Amarodo Hass AMf697 words
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Article906 1984-07-21 8 Amsterdam JULY 19 FW ABN 293 00 2 5 Aagon 110 00 -3 Ahokl 176 00 -0 4 80 00 -13 AMfV 151 50 -06 Amtm 53 50 -0 5 B«H> 28 70 -0 5 Boh Bosk a 2980 -02 63 50 -1 Catand 332 00 -3 CM906 words
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Page 8 Advertisements
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Advertisement547 1984-07-21 8 <*=" at m W7 Miter* id wiae, «ti«« tutd nautfirta f-f riiMii iltTini ->i,W •*;>/. The Tea Garden Presents a French Revolution July 5-21 Voila! The best of French cuisine in the Tea Garden. Has there been a new French revolution? a We'd like to think so. M During July,547 words
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Advertisement158 1984-07-21 8 London stocks, Pago 11 iv '4 t Feng Cheng Lou for the best Teochew food in town. Discover mouth-watering delights prepared by hong Kong chefs, reel like royalty while you dine in Oriental splendour. Open daily from: 12.00 noon 3.00 pm for lunch and 7.00 pm 11.00 pm for dinner158 words
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ASIAN STOCKS
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Article323 1984-07-21 9 HONGKONG: Share prices finished little changed yesterday after a day of quiet, featureless trading. Some institutional selling around midday was well absorbed by local investors. The Hang Seng Index ended up 3.45 points at 801.10. Cheung Kong at HKJ7.OO, HK Bank at $5.50, Jardine Matheson at $6.40, and Swire323 words
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Article211 1984-07-21 9 JULY 20 MT Lm Chang Yuan Cham Indus Lien Hwa Indus 22 20 12.75 31 50 -02 -0 05 -01 MV»<4-S S 28 20 -02 Cathay Cons Chong Hwa Bank Chan Loonq 30 40 59 00 26 30 -0.1 -1 -0.1 Pacific Elect Wire Paoiung Paper 1890 238 23211 words
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Article394 1984-07-21 9 TOKYO: The fall on Wall Street and on European markets prompted a sharp drop in share prices here yesterday and pushed the market average below the 10,000 mark for the first time in nearly two months. The average, which lost 119.46 yesterday, fell 143.52 to close at 9,945.27, on394 words
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Article73 1984-07-21 9 July 20 Bank Scout Won 671 -9 Hyundai Motor KAL 649 459 715 47 19 5 Chohaung Bk Commancal Bk Doatm Irxj 655 680 595 unch unch unch Korea Oi Korao Sh<j 1290 430 70 -4 Daewoo Corp 485 622 17 -27 680 +m 675 5 986 Goid Stor73 words
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Article350 1984-07-21 9 SYDNEY: Sharemarkets closed mixed yesterday with losses mainly in leading stocks and mining issues. The All Ordinaries Index closed 2.4 points off at 680.9. Turnover was 36.09 million shares valued at $53 million. Overseas buying declined but industrial shares continued to find solid support from local institutions. Among the350 words
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Article164 1984-07-21 9 BANGKOK: Share prices closed slightly higher in moderate trading yesterday. The Book Club Index rose 0.14 to 117.37 on turnover of 85,891 shares. Siam Credit gained 2.50 baht to 59, Jalaprathan Cement one to 118 and Bank of Ayudhya Ltd one to 135. Bangkok Bank and Siam Cement closed164 words
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Article134 1984-07-21 9 MANILA: Share prices closed mixed yesterday in dull trading with the Commercial and Industrial Index down 0.95 at 125.26. The Mining Index fell 2.71 to 997.27 but the Oils Index rose 0.026 to 0.769. Atlas Con B fell one peso to 27 and Benguet Con B fell three to134 words
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Article68 1984-07-21 9 Reuter OMRON Tateisi Electronics Co will make a one for 20 bonus issue for shareholders registered on Sep 30 to pay back remaining premiums on a six-million share bearer form depositary receipt issued in July 1962, a company spokesman said. The company made a oneReuter - 68 words
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Article339 1984-07-21 9 Reuter ROTHMANS International PLC has conducted feasibility studies on the manufacture of cigarettes in two provinces erf China and is hopeful it can start producing there by next year, chief executive Vernon Brink said. He said talks, which started six years ago, are in a "veryReuter - 339 words
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187 1984-07-21 9 Reuter WORLD International (Holdings) Ltd plans to float its wholly-owned shipping arm, Eastern Asia Navigation Co Ltd, through a free issue of shares to World International shareholders. One new 25 HK-cent Eastern Asia share will be distributed for each ordinary World International shareReuter - 187 words
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Article211 1984-07-21 9 Reuter NISSAN Motor Co Ltd said its consolidated net income is expected to improve substantially to about 95 billion yen in the current year ending next March 31. Its managing director Shunji Sato told journalists sales are expected to rise to between 4,500 billion yenReuter - 211 words
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Page 9 Advertisements
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Advertisement74 1984-07-21 9 id wlae, &im entertain %■>**;■ f2. nf Barons Table Sunday Brunch... you'll love it.' Give mum a break this Sunday and bring the family in for our taste-temping Brunch. You can relish our enormous spread of wholesome fare at only $23.50 per adult and $15.00 per child (under 12) every74 words
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Advertisement67 1984-07-21 9 fitJAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. < >r rt >ti- < ij t'/' J ciilim n I 'ark Shrrnli hi Siii«4:i|M»rr rC I* k V it X Now, there is a selection of wines from Burgundy, Bordeaux and Loire, to tempt you, to please you67 words
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Advertisement118 1984-07-21 9 m ftaiximoart Hc4e!^' rmf COMK 011 .i gourmet adventure beneath the starlit sk\ r.\cr\ Vind.t\ h pm r>< 1 I pm \r I sr n. Va For mo S2N F or tour >S6 For si\ S.HS crXlniiiic Iciiiuc A deIiCKXIS O' ard sea'ooa meat and .pqt't.ibips dipped r to rich118 words
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Advertisement85 1984-07-21 9 WE COULDN'T IMPROVE OUR SUNSETS, SO WE'VE DONE THE NEXT BEST THING. WE'VE DOUBLED THE PLEASURE OF THE VIEW. THE TRADEWINDS' SUNDOWNER HOUR. MONDAYS THRU SATURDAYS, FROM 5.30 PM 7.00 PM WHEN DRINKS COST ONLY HALF THE BAR X PRICE. X > fm WWWSW HKRM MTWMnONMi I r t Dine85 words
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Advertisement96 1984-07-21 9 Ip Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, you'll find our staff friendly and efficient, our food appealing and delicious. Try our famous claypot specialities, Hainaneae chicken rice and other dishes. For reservations, please call *****22 ext96 words
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SHARE INFORMATION
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Article, Illustration4127 1984-07-21 10 A SLIGHT round of profittaking in the afternoon session caused share prices to ease at the Singapore stock market yesterday. The BT Composite Index lost 4.09 points to 781.23 while the Straits Times Industrial Index shed 4.13 points to 873.77. Over the week, however,4,127 words
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Article247 1984-07-21 10 SINGAPORE Rites Indices Koamwtmf 50< 880 Po»-CI CU1S 380 Po»-EI SO* 280 M Gkm 266 Itato* Vk 298 AKo4 Owe 240 M loakag 815 TDM 300 Soo Via» 263 J Cwnt 240 Falls 20 20 14 10 +6 +6 +5 5 3 3 -146 -85 •30 -18247 words
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Article522 1984-07-21 10 THE Kuala Lumpur stock market went through another round of listless trading yesterday with share prices finishing on an easier note. Turnover improved to 5.67 million shares valued at M 515.3 million from Thursday's 4.96 million units worth $12.9 million. Except for some selected speculative522 words
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Article3060 1984-07-21 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. AU Time SetUement Contracts are quoted after the word "SETT".3,060 words
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Page 10 Advertisements
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Advertisement8 1984-07-21 10 Omiooi done on th« KLSE Sm Pag« 118 words
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COMPANY NEWS
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Article576 1984-07-21 11 NAJEEB JARHOM - Group holds interests through Ocean Leila By NAJEEB JARHOM SINGAPORE Land has confirmed that the Chartered Bank group's deemed interest in the company arose from the UK group's stake in Ocean Leila Ltd, which owns 16.23 million Singland shares and 22.53 million TSRs. The group, comprising576 words
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172 1984-07-21 11 AS EXPECTED, Pan-Electric Industries Ltd has come up with the "typical" reply to queries from the Stock Exchange of Singapore on its rising share price. The directors of Pan-EH said yesterday that they are not aware of any reason for the sharp increase172 words
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472 1984-07-21 11 THE MALAYSIAN Ministry of Finance has exercised its prerogative toward increasing bumiputra participation in the securities industry when it recently directed the Kuala Lumpur Stock Exchange committee to accept the first of its recommended candidates to become a member of the472 words
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Article104 1984-07-21 11 MOUNT Pleasure Holdings Bhd has acquired the entire paid-up capital of Public Spinning Mills Sdn Bhd comprising two ordinary shares of Msl each for $2 cash. In an announcement, Mount Pleasure, which was formerly known as Public Corporation Bhd, said the acquisition was made on June104 words
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Article1911 1984-07-21 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1/100 units unless otherwise specified. INDUSTRIALS Ajmonioto xd Ale* Hldg cd Alcom (2.056 2.065) (3)1,911 words
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267 1984-07-21 11 IDRIS Hydraulic Bhd, which just completed its public issue, hopes to list separately its finance and insurance subsidiaries "at the right time." Tan Sri Ibrahim Mohamed, who is a director of Idris, said the subsidiaries are Kewangan Usaha Bersatu Bhd (KUBB)267 words
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Latest
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Article52 1984-07-21 11 Group pre-tax profits for the six months ended June 30, 1964 were $2.42 million ($2.89 million) while post-tax profits stood at $1.29 million ($1.73 million). Group turnover for the period was $11.54 million ($ll.lO million). Directors have declared an unchanged interim dividend of 15 per cent52 words
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Article, Illustration284 1984-07-21 11 By HOCK LOCK SIEW ONLY two months ago, PanEl's shares were treading below the $2 mark, trying to form a bullish trend. How different it all looks now. In the face of the strong buying interest this week and the associated heavy short positions established duringBy HOCK LOCK SIEW - 284 words
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Article100 1984-07-21 11 HONGKONG Australian Industrials Hong Seng Index Friday 9697 Thursday 968.6 Friday 801.10 Week ago 949 2 Thursday 797.65 Week ago 746.02 NEW YORK Dow Jones TOKYO Thursday 1102 92 Wednesday 1111.64 Tokyo Dow Jones Week ago 1104.57 Friday 9,945 27 Thursday ***** 79 Standard ond Poors Week ago100 words
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Article207 1984-07-21 11 Monoger?' prices for July 21 23 Second B'putro Third Bjputra Fourth B'putro 508 420 469 5 13 425 4.74 Singapore Unit Trust Fifth B'putro Sixth B'putro 3 19 302 3.24 307 The Commerce 3.13 3.32 Seventh B'putro (A) 2.13 2 18 The Sovmgs Fund 1.92 2.04 Seventh B'putro207 words
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Article862 1984-07-21 11 THE market closed below Its best levels yesterday, due to lack of follow through to the initial gains which followed news of a settlement in principle of the 11-day old British dockworkers strike, dealers said. The FT 30 Share Index at 3pm rose 10.9 points to 775.6 but862 words
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Article, Illustration476 1984-07-21 12 FOO CHOY PENG - By FOO CHOY PENG SIXTEEN YEARS ago, the Government's main task was to create the right conditions to attract foreign investments into Singapore so that there would be jobs for the thousands of unemployed. That year was 1968 and the unemployed numbered 46,000. To476 words
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270 1984-07-21 12 A THREE BILLION yen loan by three Japanese banks to the Industrial Finance Corp of Thailand (IFCT) will be signed in Singapore on Monday. The 10-year loan, syndicated and documented from Singapore, is managed by the agent Long-Term Credit270 words
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309 1984-07-21 12 JOANNE YAP - By JOANNE YAP GOVERNMENT authorities should review the regulations covering the transport of hazardous chemicals on Singapore roads. But in the meantime, transport companies should regulate themselves where the transport of such goods is concerned because any government action would take time. These points309 words
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370 1984-07-21 12 JOHN LIM - By JOHN LIM IT WAS A proud day for National Iron and Steel Mills (NISM) yesterday when it inaugurated its new $45 million wire and steel rolling mill. But a grey cloud looms ahead, warned Minister of Health, Mr Howe Yoon Chong.370 words
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185 1984-07-21 12 A BREAKDANCE AllStars Championship with $3,000 in prizes begins today at Sentosa. Organised by Sentosa Development Corp and DBX Audiophile Lab, the first preliminary round will be held at the Sentosa Roller Skating Rink from 6.30 pm to 10 pm. The organisers hope to185 words
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309 1984-07-21 12 WORLD PAPER supplies are becoming short and Singapore has been affected. The Singapore Paper Merchants' Association (SPMA) and the Master Printers' Association (MPA) are blaming it on the Los Angeles Olympics and the US presidential elections. In addition, the associations said, the US309 words
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462 1984-07-21 12 CHUANG PECK MING - By CHUANG PECK MING WORKERS ARE virtually in full support of the company welfarism through employers' contributions scheme (Cowec). Ninety-eight per cent of the workers, including managers and executives, of the NTUC Transport Group have agreed to join the scheme which was started462 words
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Article71 1984-07-21 12 BLUE CHIP stock prices managed to improve slightly in early trading yesterday, but in the broader market, losing issues led gainers about three to two. The Dow Jones Industrial Average was up about one point to over 1104. Volume was about eight million shares in the first71 words
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LATE FILE
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Article66 1984-07-21 12 Reuter HOPES OF AN early settlement of the European Economic Community's immediate cash crisis were dashed yesterday when finance ministers failed to agree on ways of overcoming the bloc's 1984 budget shortfall. After meeting for more than 24 hours in Brussels, finance ministers of the 10-nationReuter - 66 words
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Article69 1984-07-21 12 Reuter THE CHINESE Communist Party has decided to loosen its iron grip on authority in a major bid to promote younger, brighter people and carry out economic and other reforms. The People's Daily said in Beijing yesterday that the CCP's central committee had issuedReuter - 69 words
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Article64 1984-07-21 12 Reuter MORE THAN 100 foreignowned ships at ports around Australia were hit yesterday by a union ban on cargo handling. Maritime officials in Sydney estimated the cost to the owners at As 2 million a day. The vessels are being denied the use of tugsReuter - 64 words
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Article39 1984-07-21 12 AFP INDONESIA'S inflation rate in the first half of this year fell to 7.54 per cent, down from 9.01 per cent during the same period of last year, said the Bureau of Statistics yesterday. AFPAFP - 39 words
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Article43 1984-07-21 12 AFP LAN MACPHERSON, Hongkong's Acting Secretary for Home Affairs, was appointed yesterday to head a special office to be set up in the colony to test public opinion on acceptance of any SinoBritish agreement on the future of Hongkong. AFPAFP - 43 words
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Page 12 Advertisements
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Advertisement86 1984-07-21 12 tsso ESSO MALAYSIA BERHAD (Incorporated in the States of Malaya) CLOSURE OF STOCK REGISTERS NOTICE IS HEREBY GIVEN THAT the Register of Members will be closed on August 16,1984 at 5.00 P.M. for the purpose of issuing to persons who are registered as ordinary stockholders of the Company on August86 words
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Advertisement50 1984-07-21 12 "K TIMES CONFERENCES has brought together a Distinguished Panel of Leading International Experts to bring to you. 0^ o V C^ 5 0 9 20 6 \QI V > G> For more information, contact the organiser: Times House, 390 Kim Seng Road Singapore 0923 Tei: *****11 Ext 2642/2643/2644/2645 Telex RS50 words
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Page 12 Miscellaneous
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Miscellaneous56 1984-07-21 12 Outlook for today: Showers in several oreos in the late morning and early afternoon. Report for 24 hours prior to 7.30pm on July 20 at the airport: Maximum temperature 30.5 Associated humidity 66 Minimum temperature 23.2 Associated humidity 94 Hours of sunshine 4.95 Romfoll in millimetres Troce Rainfall this month56 words
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