The Business Times, 4 August 1984
1984-08-04
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The Business Times
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Title Section12 1984-08-04 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, AUGUST 4, 1984 60 CENTS12 words
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502 1984-08-04 1 FOO CHOY PENG - Concern expressed by manufacturers' association By FOO CHOY PENG SOME MANUFACTURERS (ear that the tight labour market will make it hard for supporting industries to do a good job of servicing the major companies. Big companies, faced with a general shortage502 words
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506 1984-08-04 1 NAJEEB JARHOM - By NAJEEB JARHOM OVERSEA-CHINESE Banking Corporation, the first of the Big Four local banking groups to release half-year results, has returned to the growth path after a lacklustre performance last year. For the first half of 1964, the group achieved a commendable 7.67 per506 words
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62 1984-08-04 1 THE WEEKEND ministerial tour of constituencies will resume after a one-week break. Dr Tony Tan, the Minister for Finance and the Minister for Trade and Industry, will visit the Ulu Pandan and Bukit Timah constituencies this Sunday. He will be accompanied by Dr Yeo Ning Hong,62 words
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189 1984-08-04 1 AFP THAILAND, in a bid to curb its soaring trade deficit, is to announce a "temporary ban" on certain imports soon. The Bangkok Post quoted on Wednesday a government source as saying that the Commerce and Finance Ministries were secretly working onAFP - 189 words
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Article, Illustration305 1984-08-04 1 IN LINE with the upsurge in most major overseas stock markets, Singapore share prices advanced sharply on a broad front yesterday with turnover soaring to a new record. A total of 36.24 million units changed hands, easily surpassing Thursday's all-time high of 32.78 million305 words
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Article, Illustration329 1984-08-04 1 YAP BOH HOON - By YAP BOH HOON AN EXPORT-ORIENTED rubber factory, facing declining earnings because of the strong Singapore dollar, is up for sale. Rubber Products (S) Pte Ltd, owned by Cannon Rubber (S) Pte Ltd, Inchcape Bhd and Wearne Brother Ltd, is being offered for $4 million,329 words
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Article, Illustration319 1984-08-04 1 CHUANG PECK MING - By CHUANG PECK MING MOST OF THE office space put up for sale in the Singapore Labour Foundation Complex has been taken up. Nine unions and two NTUC cooperatives have bought or booked six and a half of the eight floors put up319 words
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140 1984-08-04 1 THE SINGAPORE Labour Foundation (SLF) is appealing to employers to support its $25 million resort project for workers at Pasir Ris. Mr Wong Lam Wo, a director at SLF, said it would be a "good gesture" as the project would promote workers'140 words
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Page 1 Advertisements
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Advertisement77 1984-08-04 1 =!(|^*@@',$-,-&_&?~:<<+_>^:/+/% THE WHOLE GOLFING WORLD V IS TALKING ABOUT... Lynn the world's leader in golf club making is one of the first to come out with its PRECISION LITE WOODS IRONS These lightweight clubs a new technological breakthru in golf equipment have less deceleration and thus more clubhead speed. The77 words
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Advertisement268 1984-08-04 1 mm SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGES 5 THE Singapore Retail Merchants Association plans to set up o training centre early next year to provide basic training to people interested in retailing as a career. Pag* 2 DEVELOPING countries, emerging slowly from a long recession, will experience only268 words
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Advertisement149 1984-08-04 1 ENEX-ASIAB4 An Interfama organised show Tel *****12 Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of our own. It's not easy to turn that dream into reality. But it may not be as difficult as you think. Not if Wayfoong give you a helping hand.149 words
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HOME NEWS
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369 1984-08-04 2 ANNA TEO - By ANNA TEO THE SINGAPORE Retail Merchants Association (SRMA) has announced plans to set up a training centre early next year. The multi-million dollar centre will provide basic training to anyone interested in retailing as a career. Part-time and full-time diploma courses, and day-re-lease369 words
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364 1984-08-04 2 YAP BOH HOON - By YAP BOH HOON EMPLOYERS using part-time workers to alleviate labour shortages should also organise productivity promotion programmes (the 3Ps) for them so as to increase their productivity. This call was made by the Minister of State for Trade and Industry, Dr Wong364 words
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Article61 1984-08-04 2 THE SINGAPORE Tourist Promotion Board (STPB) has completed a media promotion in four European cities which it claimed reached a target audience of five million and had an equivalent of $1-5 million worth of media coverage. The promotion, launched in June and July in Zurich, London,61 words
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Article170 1984-08-04 2 SINGAPOREANS have been cautioned not to get carried away by the economy's impressive growth, fuelled mainly by the recovery in the US. The Minister of State for Finance, Mr Lee Yock Suan, said at the Textile Industries Workers' Union's first triennial delegates' conference, that Singaporeans170 words
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148 1984-08-04 2 SINGAPORE International Software Services, a joint-venture company between IP Sharp and Singapore Airlines, has enhanced its library of international economic data with the addition of the Eastern Bloc Countries Economic Data Base. The statistics in the data base include production figures by industry, government income by148 words
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Article, Illustration362 1984-08-04 2 AN AUSTRALIAN company, Multi Pull, has introduced a level-operated device to add tension to rope. The simple device, called the Multi Pull rope tensioner, takes much of the physical effort out of tying down cargo on trucks and trailers. It is supposed to reduce the incidence of sore362 words
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322 1984-08-04 2 AN EXAMINER for the British Computer Society (BCS) said that results for the 1984 examinations should be out within the next three weeks. However, the worldwide results for the professional examinations are lower this year than in 1963, said Mr David Leigh,322 words
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243 1984-08-04 2 COMMUNITY service clubs and other voluntary service organisations have two roles to play in their contribution to nation building. One is to render service to the less fortunate. The other is to draw in more professionals and businessmen into these organisations and243 words
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149 1984-08-04 2 A KIDNEY'S probably worth more than a basket of fruits, but at least that is what the organisers of Lifestyle '84 and Nutrihealth A Medicare '84 are offering to the first 100 kidney donors at the fair which opens today. Visitors149 words
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135 1984-08-04 2 POSTAGE stamps to commemorate the "25 Years of Nation Ball ding" will be on sale from Aug I onwards. Even though It Is a public holiday, all post offices will he open from tam to 12pm except those at the Airmail Transit Centre,135 words
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435 1984-08-04 2 LISA LEE - By LISA LEE ARCHITECTS may soon be allowed more freedom to publicise their projects. The Board of Architects and the Singapore Institute of Architects are looking into new guidelines for publicity which will be incorporated into the Architects Act. Mr Lee Kut Cheung, registrar435 words
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Article, Illustration322 1984-08-04 2 YEO BOON SIANG has been appointed assistant vice-presi-dent of the Singapore branch of the Manufacturers Hanover Trust Co. She joined the company's Business Development Department in April this year. Chew Heng Tnan has been appointed assistant secretary in the Singapore branch. Mr Chew joined MHT in 1961322 words
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Article66 1984-08-04 2 ABOUT 80 delegates from Singapore and Malaysia attended the two-day seminar on "Advances in Concrete Technology" conducted by the Singapore Institute of Standards and Industrial Research at the Equatorial Hotel. The seminar, on Aug 2 and 3, was aimed at providing architects, engineers, builders, contractors, ready-mixed66 words
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172 1984-08-04 2 POTONG Pasir Estate will be completed early next year when the remaining 175 maisonettes and flats still under construction are completed. The units still under construction comprise 164 HUDC maisonettes and 11 HUDC apartments. Potong Pasir Estate will have a total of 3,896172 words
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150 1984-08-04 2 DETAILED information on all aspects of Indonesian businesses will be available soon. The Indonesian Business Data Centre (EBDC) runs a data bank on all investments in Indonesia and is now concluding arrangements with a local company to distribute its "In- donesian Industry Profile Series". To date,150 words
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214 1984-08-04 2 THE Vocational and Industrial Training Board (VITB) will be conducting an intake exercise for the part-time Industrial Skill Development courses under its Continuing Education Training (CET) programme. Registration will be from Aug 15 to 17 at the following centres: Ayer Rajah Vocational214 words
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OVERSEAS
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446 1984-08-04 3 AFP THE NATIONAL police agency has announced a near doubling of computer-related crimes in Japan over the past six months, and warned that such "intelligent" crimes were beyond police control. Crimes of this sort totalled 391 during the firstAFP - 446 words
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Article204 1984-08-04 3 AP CHINA'S government said that Its strict population-control policies have the full support of all Chinese and are not coercive. "Attempting to coerce a billion people would be equivalent to inviting disaster," said Shen Guoxiang, spokesman for the Chinese delegation that will participate in the International PopulationAP - 204 words
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238 1984-08-04 3 AP CHIEF Secretary Philip Haddon-Cave urged the Hongkong people to speak up on a Green Paper containing proposals to make the Hongkong government more representative. "It is important that both the government and the public at large should be aware of the present stateAP - 238 words
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393 1984-08-04 3 Conditions unsatisfactory, says UN chief AFP DEVELOPING countries, emerging slowly from a long recession, will experience only a very modest recovery in living standards in 1985, United Nations Secretary General Javier Perez De Cue liar warned. He told the opening session of the General ConferenceAFP - 393 words
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113 1984-08-04 3 Reuter MANY developing nations will suffer economic and political setbacks if the US Congress fails to renew legislation designed to encourage trade, US Trade Representative Bill Brock said on Thursday. "We would have a dramatic shock to the politicalReuter - 113 words
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294 1984-08-04 3 Reuter A TRIO of private economists said US economic growth should slow down the rest of this year and 1985, and one warned of a possible recession. "The recovery process is likely to flatten out during the course of 1965 with little orReuter - 294 words
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263 1984-08-04 3 UPI AUSTRALIAN Foreign Minister Bill Hayden yesterday renewed his nation's call for a peace conference on Cambodia, seemingly ignoring South-east Asia's rejection of a similar proposal only last month. The proposal for a conference to be held in Canberra was flatly rejected lastUPI - 263 words
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Article, Illustration72 1984-08-04 3 Mr Klaus D Gei»art of Hochbarg in tha Stuttgart area, Watt Garmany, sats out for a damonstration trip on hit Sopadil solar bika. On solar anargy, tha thraa-whaalar can go up to two hourt at a apaad of 20 kmph. Whan thara it no tunthina,UPI photo. - 72 words
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398 1984-08-04 3 Reuter THE CHAIRMAN of British Petroleum (BP) has called on Saudi Arabia and Opec to clarify the level of recent oil output and dispel worries of overproduction which have caused prices to fall sharply in recent weeks. "The Saudis have got toReuter - 398 words
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Article262 1984-08-04 3 UPI MYSTERIOUS explosions that have damaged several merchant ships in the Gulf of Suez in the past week have spread south to the mouth of the Red Sea, where the Middle East News Agency says three more ships have been hit. The Egyptian agency saidUPI - 262 words
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324 1984-08-04 3 Reuter INDIAN Prime Minister Indira Gandhi's reshuffled Cabinet took office yesterday to tackle sensitive issues, six months ahead of general elections. One major headache is the tension in Kashmir after six people were killed on Wednesday in clashes between supporters of a sacked ChiefReuter - 324 words
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253 1984-08-04 3 AP PRIME MINISTER Margaret Thatcher, regularly accused by critics of having a strident and uncaring image, said that firmness is simply her style and "one isn't here to be a softie". "I can't change my style," Mrs Thatcher said. "It has to beAP - 253 words
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Article750 1984-08-04 3 ARRIVALS Op*roto< r Scrvic* number Locol tim# From PAA PA5 0020 JFK/SFO/HKG CAL CI33I 0150 TPE MAS MH68I 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH60I 0905 KUL SV SV386 0910 JED/RUH MAS MH671 0935 KUL MAS MH8II 0940 PEN CAL CI806 0945750 words
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Page 3 Advertisements
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Advertisement10 1984-08-04 3 /W1 Pan Am. Daily 747SPToUSA. Flies Smoother, Faster And Quieter.10 words
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RAW MATERIALS
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Article151 1984-08-04 4 Chinese Produce Exchange (S«4l«rs' noon dosing prices on Aug 3. S$/100 kg) Coconut oil BukFOB 215.00 OW drum FOB 228 00 New drum FOB 232.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW B W FOB NSW Gombier FOB NSW 487 50 338.00 239 00 305 00 Copro151 words
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Article298 1984-08-04 4 Singapore C-l special C-l Ordinary Looruam 100% unq (S$/kHo, ex-godown) unq Thai white first grade unq 100% 1st class 100% second grade 275 (kangaroo) 100% third grade unq new crop 100% 2nd class 1 05 077 Parboiled '5% 10% 280 100% 3rd class 075 25% new crop No stock298 words
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Article160 1984-08-04 4 SINGAPORE The market closed higher yesterday with August One RSS buyers quoted at 188.25 cents per kg, up 1.75 cents from Thursday. MALAYSIA The market closed steadier yesterday at 206.00 cents per kilo for August One RSS buyers. The Inro daily market indicator price for Aug 2 was 194.04160 words
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Article349 1984-08-04 4 RAS prices (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS prompt 185 00 I86 00N 186 00 187 OON Int 1 RSS Aug 187 00 188 00 188 25 189 25 Int 1 RSS S«p 193 50 ***** ***** 195349 words
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Article109 1984-08-04 4 (in cents/1 ton pallets) August September (current mth) (forword mth) RAS Buyers NOON NOON Buyers Sellers SSR 20 SSR 50 188 00 186 00 190 00N 188 OON 189 00 187 00 191 OON 189 OON MRELB Buyers Sellers Buyers Sellers SMR CV SMR L SMR 5109 words
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Article79 1984-08-04 4 THE Straits tin price in Peaftig yesterday remained at the IT A Deer level of M$2S.l5 per kUe •n can tinned lack of demand. Dealers said the buffer stnek manager again snpperted strengly at this level nmid scattered baying (rem Japanese and leeal interests. A lower elsse in79 words
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Article155 1984-08-04 4 MALAYSIAN palm oil prices yesterday closed higher on continued speculative buying and covering interest. In the August position, central region finned Mslo to 11,010 per tonne, while north and south rose $15 and $5, respectively to $1,005. September in the central added $5 to $1,002.50 and October in155 words
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Article167 1984-08-04 4 Yarn (In HK$ per bale of 400 lb) China corded yarn, cones Blue Phoenix 16's 3,450 Blue Phoenix 2Cs 3,550 Blue Phoenix 32's 3,900 Blue Phoenix 40's 4,350 Girded yarn, hank Blue Phoenix 21 's 3,600 Combed yarn, cones Blue Phoenix 32's 5,500 Btue Phoenix 40's 5,600 Open-end yarn167 words
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Article131 1984-08-04 4 WHEAT futures closed 2'/i to three cents per bushel higher in moderately light trade on the Chicago Board of Trade on Thursday. Participants took profits, inspired by consistent hard wheat export demand at the Gulf and trade ideas that Canadian crop deterioration could lead to an increase in US131 words
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Article128 1984-08-04 4 SOYBEAN futures closed 16V« to 18 cents per bushel in active trade on the Chicago Board of Trade on Thursday, sparked by renewed concerns about dry weather in growing areas. E F Hutton bought November late, while Cargill Grain sold August. Soyoil futures closed 0.87 to 0.58 cent per128 words
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Article869 1984-08-04 4 COFFEE Robusta futures yesterday were £5 above to £6 below the previous close at midday. November finished at £2,272, £1 down. Conditions were quiet and dull in the absence of fresh incentives and turnover totalled 1,055 lots including 86 crossed trades and three options. The market's trend yesterday869 words
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THE XXIII OLYMPIAD
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Article, Illustration470 1984-08-04 4 AP KOJI GUSHIKEN of Japan, with a perfect 10 in vault and no score lower than 9.90, won the Olympic gold medal on Thursday night in the men's allaround gymnastics competition. The 27-year-old Tokyo resident scored 118.700 in the threepart programme, climaxedAP; UPI photo - 470 words
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567 1984-08-04 4 UPI MOMENTS after winning the gold medal, Victor Davis, Canada's favourite bad boy, did what all good young men should do. He handed his mother a sprig of flowers and gave her a kiss. Davis left the field inUPI - 567 words
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207 1984-08-04 4 Reuter EXTROVERT US triple jumper Willie Banks was yesterday expected to provide the perfect entree to a feast of athletics at the start of the track and field events. The 28-year-old American has transformed his event into a popular spectator attraction through his exuberantReuter - 207 words
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Article, Illustration406 1984-08-04 4 UPI WEST Germany got four goals each from Frank Otto and Hagen Stamm to overpower Japan 15-8 on Thursday and join the US and Spain in the medal round of Olympic waterpolo competition. The US, favourites for the gold medal, overcame someUPI; AP photo - 406 words
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163 1984-08-04 4 AFP MALAYSIA collected their first points of the Olympic men's field hockey tournament when they beat the US 4-1 in a Group A match on Thursday. Cheo Sing Tam put Malaysia ahead from a short corner 12 minutes into the game and scored again sevenAFP - 163 words
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Article, Illustration491 1984-08-04 12 UPI Reuter OLYMPIC horses are up for sale at the Los Angeles Games. In the privacy of the competitors' village and seclusion of the stables, a discreet but potentially lucrative market exists for horse trading. This is because the poorly financed teamsUPI; Reuter - 491 words
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290 1984-08-04 12 Reuter THE US aad Canada each wm two Olympic yachting races on San Pedrt Bay sa Thursday in gentle breeies which continued to favour the lighter crews. After three days of sailing in the seven-race series, the US have confirmed their states as theReuter - 290 words
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Article62 1984-08-04 12 Reuter AMSTERDAM put on ft lavish reception on Thursday night to make ft formftl announcement of its wish to stage the 1992 summer OIBW International Olympic Committee (IOC) chief Juan Antonio Sftmarftnch said Amsterdam's main rivals for the 1992 Games were Parts, Barcelona and Brisbane,Reuter - 62 words
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BANKING AND FINANCE
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387 1984-08-04 5 Reuter EXCESS liquidity in the Philippines monetary system, which appears the main hurdle to an agreement with the International Monetary Fund, has been aggravated by the central bank's efforts to bail out Banco Filipino, according to independent economist Francisco Trinidad. The central bank providedReuter - 387 words
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171 1984-08-04 5 Reuter SOUTH Africa has announced a major economic package to boost the ailing rand and check inflation with a sharp rise in interest rates. A joint statement from new Finance Minister Barend du Plessis, Commerce and Industry Minister Dawie de Villiers andReuter - 171 words
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222 1984-08-04 5 AP THE US government will end up borrowing U*****.6 billion to finance its deficit spending in the fiscal year ending Sept 30, according to the US Treasury. This is 22 per cent below the amount needed to make up for last year's recordAP - 222 words
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591 1984-08-04 5 Reuter ARGENTINA and the International Monetary Fund may be close to forging an economic austerity programme for the country that has eluded them for 18 months, US officials and banking sources say. After months of frustrating negotiations, the sources say there are signsReuter - 591 words
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282 1984-08-04 5 Reuter THE BRITISH government's policy on foreign exchange intervention remains unchanged, in spite of an apparent increase in official purchases of sterling last month, money market sources say. That policy as recently reiterated by the Chancellor of the Exchequer, Nigel Lawson restrictsReuter - 282 words
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101 1984-08-04 5 Reuter FRENCH interest rates are likely to resume their downward track after the US presidential election on Nov 6. In an economic forecast report, Credit Du Nord said the renewed decline would be mainly based on success in cutting French inflation. But effortsReuter - 101 words
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210 1984-08-04 5 Reuter WEST German Savings Bank Association President Helmut Geiger said he cannot rule out a dollar rise to three marks but forecast the US currency would not stay high in the long term. In an interview with a German newspaperReuter - 210 words
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211 1984-08-04 5 Reuter NET Japanese buying of foreign bonds rose to a record US$2.O6 billion in June from $1.77 billion in May and the previous record of $1.82 billion last April. The Finance Ministry said Japanese life and non-life insurance companies, banks and corporationsReuter - 211 words
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Article402 1984-08-04 5 Reuter SINGAPORE'S launch of a financial futures market on Sep 5, at least a month before its rival Hongkong, could prove a critical advantage, according to officials of the Singapore International Monetary Exchange (Simex). However, they say they are concerned Hongkong may proveReuter - 402 words
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MONEY AND EXCHANGES
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Article592 1984-08-04 5 SINGAPORE: The US dollar closed lower yesterday against most major currencies in thin two-way trading. The dollar lacked a clear direction in the absence of fresh factors. It closed weaker at 2.8845/55 marks against New York's 2.8910/30 close and at 243.80/90 yen against 244.45/60. The dollar closed little592 words
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Article49 1984-08-04 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from July 16 to 20: Offered: 186,000,000. AspOed far: $139,900,000. Allotted: 196,000,000. Ae f?f t6< ***** approximatedly 72 per cent; ntgner olds in full. Avenge rate rf dbeeut «a alletamrt: 3.006 per cent per annum.49 words
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Article71 1984-08-04 5 THE OVERNIGHT rate rose by -point to close at 9'/« per cent on the Singapore interbank money market yesterday. The one-month term rate remained at Thursday's closing level. Rates for two and three-month maturities dropped by 1/16-point each. S$ interbank rotes at 3pm yesterday Offer Kd Overnight 971 words
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Article, Illustration197 1984-08-04 5 Asian ASIAN dollar deposit rates closed steady yesterday on easier opening levels after quiet afternoon trading. Period rates weakened between 1/16 and 3/16 points at the outset due to the $1.7-bUlion fall in latest US M-l money supply. 7 day* month 2 month* 3 month* 6 month* 9 month* 12197 words
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Article228 1984-08-04 5 Interbank rates at 3pm Loc«l Mon to OM ymt of fortiQfl *erdey < r—peri* currency: US dolor 2.1505 2.1515 ***** -23 73 Sterling pound 2 8236 2 8270 7 3469 -61 57 Auitrcifcon dolor 1 8031 1 8061 3 4286 -47.41 NZ dotor 1 0687 1 0703 3228 words
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Article282 1984-08-04 5 SINGAPORE Futures closed higher in moderately active trading yesterday, following firmer overseas gold prices. December, the only traded position with a turnover of 691 lots, closed stronger at U*****.50 an ounce compared with New York's $356.70/357.50 close. HONGKONG The metal yesterday closed almost unchanged from its opening at U*****.50/346.00282 words
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Page 5 Advertisements
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Advertisement222 1984-08-04 5 OVERSEA-CHINESE BANKING CORPORATION LIMITED The Directors are pleased to announce the following:— RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1984 The unaudited net profit of the Bank and the Group for the six months ended 30 June 1984, after providing for taxation, diminution in value of assets and allocations222 words
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FEATURES
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Article526 1984-08-04 6 NOW AS YOU think back, it wasn't too long ago that sport was considered nothing more than an exercise and an example of social propriety in China. Those were the days of the Cultural Revolution when banners proclaiming the much-touted "friendship first, competition second" message fluttered526 words
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Article, Illustration577 1984-08-04 6 JIM FAIN - By JIM FAIN NYT FOR A TART example of how media hypes have replaced actual events as the building blocks of American history, look no further than the champagne-popping celebration in Washington last week of the 25th anniversary of the "kitchen debate" between Richard Nixon andNYT - 577 words
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414 1984-08-04 6 Nell French - letters to the Editor Nell French (white, Anglo-Saxon Protestant expatriate creative director, and deputy chairman of the Singapore Creative Circle) Dear Sir, I read your report of Dr CK Tseng's speech to the Singapore Advertisers Association (BT Aug 1) with great interest. Since he seems414 words
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Article1001 1984-08-04 6 RECEIVING OF EXPORT FCL C0NTAINER8 AND LCL CARQO Ship Voy Arrival Operator Qdns FCL 1 Locatk Sea Prelude 31 5.884 0300 Eastern M TA 3 1100-1200 L4 Anson *****N 5.8.84 0700 Heap Seng TA 3 1200-1300/1800-1900 PI Happiness 2 02 WB 5.8.84 0700 Africon FSB 1100-1300/1800-1900 G41,001 words
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Page 6 Miscellaneous
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Miscellaneous1112 1984-08-04 6 to aaa mm f CHANNIIS 1 12.25 PM SBC Teit "Live" Sample Pages 12.55 Opening and Propamine Kghfigtits folowed by Sesame Street: Lively presentations of letters "r" and "q" and the number 9. 2.00 Flash Gordon (Cartoon) 2.30 Saturday Matinee White Mama 4.05 SI.A. Age Group Inter-Club Swimming Meet 5.001,112 words
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TIME-OFF
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Article, Illustration1327 1984-08-04 7 SHAHRIR ARIFF - By SHAHRIR ARIFF THE blue-and-white Cessna danced gracefully as it approached the runway. "You're coming in too fast, baby. Hold on there... steady now," said K Raj to the plane as its tyres screeched onto the strip. The plane rolled. But Raj did not apply1,327 words
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Article, Illustration572 1984-08-04 7 BRIAN MILLER - Tomorrow, trainer Ivan Allan will saodle three runners Siapa Rajah IV y Sentimental Journey II and Feu Vert in the Pesta Sukan Cup. Of these three, BRIAN MILLER is willing to stick his neck out for Feu Vert, a four-year-old English gelding by Firestreak, which572 words
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Article, Illustration431 1984-08-04 7 THE ABOVE cartoon was found on the door of one company which a colleague visited recently. You can be sure the company was not Japanese. BEFORE the LA Games started» Aug Peng Sloag wrote in one of Us earlier "Letters from America" that he went to431 words
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Article153 1984-08-04 7 EXHIBITION "Advertising for Art and Artists Posters of Gallery Spiegel, Cologne" A "haphazard" selection of work in the "Galerie Der Spiegel". Founded after the war amidst the ruins of Cologne, it represents the surrealist and abstractexpressive trend with Ernst, Hartung and Wols, and concrete-obstract art with Vasarely, Albers,153 words
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563 1984-08-04 7 WALTON MORAIS - By WALTON MORAIS WHAT MAKES a five-star hotel and one of the world's finest cognac producers decide to plough together more than $125,000 into a game which does not enjoy the mass appeal of soccer or squash? After all, how many563 words
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Page 7 Miscellaneous
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Miscellaneous806 1984-08-04 7 CRYPTIC PUZZLE ACROSS 8 Frst turned to the left a bit (7) 9 Had loin right mid*, worried by the dompness (5. 4) 13 Having got up to get a lug (5) 14 Ptungng right into save, flounders, one soys (5) 15 Begin, at the beginning of the lesson, to806 words
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INTERNATIONAL STOCKS
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265 1984-08-04 8 Reuter CHAMPION International Corp expects to sell some of its own and St Regis Corp assets in order to obtain long-term financing for its acquisition of St Regis, according to documents filed with the Securities and Exchange Commission (SEC). It arrangedReuter - 265 words
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224 1984-08-04 8 Reuter LLOYDS Bank PLC still holds a 21.34 per cent stake in Royal Bank of Scotland Group PLC, according to a Lloyds spokesman. He had been asked whether Lloyds had acted on its undertaking to cut its stake in the Royal BankReuter - 224 words
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300 1984-08-04 8 THE DOW JONES Industrial Average soared 31 points on a record 172 million shares on Thursday in one of the biggest rallies in Wall Street's 192-year history amid investor hopes for lower interest rates. Brokers say that a longawaited summer rally is underway300 words
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Article136 1984-08-04 8 AUG 02 a Hud Boy Mm 8* Imp CM 25* 1* unch hco 13* Abrttx 27* 30* Alcon 36* 3* Int Ut* 24* 1* 20* unch Ml Mckal Bonk Mont 23* K*»r Add 15* Bonk Novo Scotia It* Lobtow B 15* unch B«l Id 33* H 3* BP Can136 words
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Article198 1984-08-04 8 AUG 02 taad Trust 8k 233 •2 Un StaaJ 112 unch INDUSTRIALS Urasac 515 WooJworrh 1400 -75 Abarcom 160 5 MININGS AE And CI 800 370 unch An^o* 2175 6000 75 AM?' 0 2600 1140 unch 40 Byyooo BuHab 1825 6800 35 50 C G Smith I860 Chart ar198 words
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Article710 1984-08-04 8 AUG 02 USS ACT MuMnn Aican AJkMTim Aicoo Lud AM Otam Cp AM Store* ACt-Onhnort Am Brandt he Am Broodcasi Am Can Co Am Cyanamd Am El»c Pwr Am («pr«t Am Horn# Prod Am Motors Cp Am Natural Got Am Tal I T«l 28* 13* 20* 3IH 44*710 words
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Article771 1984-08-04 8 Amsterdam AUG 03 Fh ABN ***** +1 A#gon 117 00 +2 AhoM 183 50 +35 84 80 1 8 AM£V 155 80 1 8 Amfos 54 00 03 Bart 39 10 4-0 3 Boh 88 90 4 4 4 Borvjm^ ***** +2 Botko 27 20 0 2 B»xtat771 words
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Article126 1984-08-04 8 Reuter THE UK government broker is likely to take advantage of a firmer bond market to supply tranches of existing stock yesterday in spite of strong competition for market funds from the sale of the Jaguar car company, bond market sources say. The Jaguar PLCReuter - 126 words
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Page 8 Advertisements
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Advertisement576 1984-08-04 8 7>ddl M IS m v, M 5? }?.?> sLj|IS.&*jPP Ifrfr&TJrand Enjoy Our Prompt Efficient Service In Cool, Quiet Cosy Atmosphere WESTERN/CHINESE/ local cuisine Banquets Cater For Lunch Dinner Meetings Wedding Occasions, Birthday Parties At 16/- Onwards Per Person or Other Occasion With Function Rooms (Free of Charge) For 60 And576 words
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Advertisement148 1984-08-04 8 London stocks, Pago 11 K* i v < Feng Cheng Lou for the best Teochew food in town. Discover mouth-watering delights prepared by hong Kong chefs. Feel 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 for148 words
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ASIAN STOCKS
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Article352 1984-08-04 9 HONGKONG: Stocks lost early gains yesterday to close mostly lower on heavy profit-taking and position-squaring ahead of weekend. The Hang Seng Index breached the psychologically important 900 mark at both mid-morning and the morning close, but gained only 0.91 to 894.60 at the end of the day. China light352 words
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Article280 1984-08-04 9 AUG 03 MT Chem Indus 22 70 02 Lwn Hwa Indus 1380 0.15 Al Sincere Indus 7 75 -0 1 Nan Y a Ptas 31 70 03 Auo Cement 25 80 0 4 Pocific Cons 28 80 01 Cathay Com 30 20 +0.2 PocifK Elect Chang Hwa Bank 58280 words
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Article417 1984-08-04 9 TOKYO: Share prices closed sharply higher in record trading volume yesterday following Wall Street's best gain on Thursday in over a year and a half. The market average rose 146.74 to close at 10,233.61 after gaining 138.47 on Thursday. Trading volume was 360 million shares against 320 million on417 words
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Article64 1984-08-04 9 Aug 3 Won 678 •2 Hyundai Corp Hyundai Motor KAL 930 690 485 728 30 -8 15 -1 659 5 1190 32 685 5 425 -4 612 •13 824 Daewoo Corp 505 635 unch -4 Samsung Co 661 1001 1 1 661 1 1134 50 Gok?S»of Hond Bk 80564 words
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Article502 1984-08-04 9 SYDNEY: Australian share markets closed buoyant yesterday but off their highs as the morning's strong rally came to a halt on profit-taking and the main market indicators lost some of their early gains. At 1500 A EST, the All Ordinaries Index was 7.6 points higher at 712.9 points, the502 words
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Article175 1984-08-04 9 BANGKOK: Stock prices closed higher yesterday in active trading as big investors moved into the market for the second consecutive day. The Book Club Index rose 0.60 point to 118.73 as volume climbed to 773,281 shares from Thursday's 450,109. The exchange said a block of 88,000 shares of Thai175 words
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Article142 1984-08-04 9 MANILA: Stocks closed generally higher yesterday but trading continued to be dull. The Commercial and Industrial Index rose 0.03 to 119.50 and the Mining marker 4.52 to 956.13. Oils were unchanged at 0.713. Atlas Con B was down one peso at 25, Benguet Con B fell five to 105142 words
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Article57 1984-08-04 9 Reuter DAEWOO Telecom Co of South Korea has signed a contract with Northern Telecom of Canada to produce a variety of telecommunications equipment for the Canadian firm. A Daewoo spokesman says Daewoo Telecom will invest US$l5 million to build a manufacturing plant near Seoul this year andReuter - 57 words
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Article560 1984-08-04 9 Renter SOUTH KOREA'S fledgling car makers are teaming up with the giants of the US industry to fight for a major share of the world export market. Yoon Pyong-Sok, planning division manager of the Korea Auto Industries Cooperative Association, said: "In the face of toughRenter - 560 words
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Article153 1984-08-04 9 Reuter MARUBENI Corp and the Philippine Associated Smelting and Refining Corp (Pasar) have approved a 300 million peso loan for Marinduque Mining and Industrial Corp (MMIC), Trade and Industry Minister Roberto Ongpin said. He said the credit package would enable MMIC to resume operations, suspendedReuter - 153 words
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Article96 1984-08-04 9 Reuter BARCLAYS Bank PLC has raised its bad debt provision for Hongkong in the first half of 1984 and the colony is expected to continue producing a number of bad debts, Barclays Bank finance manager Peter Leslie said. Debt problems there are tied up withReuter - 96 words
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Page 9 Advertisements
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Advertisement381 1984-08-04 9 mfa wlm 9 itm A > LocißMff mowntes V\v m k y7^ Uincheon; r NonyaJ cia at the Lutva $12* P« r V* X n o )0 v»»v«» WE COULDN'T IMPROVE OUR SUNSETS, SO WE'VE DONE THE NEXT BEST THING. WE'VE DOUBLED THE PLEASURE OF THE VIEW. THE TRADEWINDS' SUNDOWNER381 words
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Advertisement110 1984-08-04 9 1 'GOFFEE GARDEN, 1 we serve $oa roand the clock Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, youll find our staff friendly and efficient our food appealing and delicious. Try our famous claypot specialities, Hainanese chicken rice110 words
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SHARE INFORMATION
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Article, Illustration4122 1984-08-04 10 THE SINGAPORE stock market staged another broad-based rally yesterday as profit-taking continued to be well absorbed. Trading volume at 36.24 million units set a new peak. Total ready turnover rose to 25 million units worth $61.39 million as against 24.10 million units4,122 words
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Article265 1984-08-04 10 SINGAPORE Rises Indices Aug 2 Ay, 3 Kg Lonfvt $1.50 730 90 ST Compowtt •4303 857 39 Ni» W« iboii 370 80 IT Udtcotor MUM *****10 Liaa Ho* 68C 40 BT OS/OS 263 382 OwH Do» 505 39 STIadwtnab 954 05 965 36 M lawfcn 895 35265 words
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505 1984-08-04 10 SHARE prices closed offbest at the Kuala Lumpur stock market yesterday in active trading as a late bout of profit-taking trimmed earlier gains. Trading was active with total turnover increasing to 13.58 million shares valued at M 535.88 million from Thursday's 10.93 million units worth505 words
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Article5675 1984-08-04 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 SetUement Contracts are quoted after the word "SETT".5,675 words
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COMPANY NEWS
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Article, Illustration186 1984-08-04 11 CHART P 111 I NT By HOCK LOCK SIEW EVER since It peaked at $11.30 on May 17, 1983, Metro Holding's share price has crumbled under the weight of the bear raids. This process has been progressive feeding upon itself, so to speak with each wave ofBy HOCK LOCK SIEW - 186 words
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Article3123 1984-08-04 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Aiinomoto (3.905) Alex Hldg cd A (com (2.365) (8)3,123 words
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132 1984-08-04 11 THE Malaysian government has issued two licences to Inchcape Bhd and the UMW group for the manufacture of heavy trucks in Malaysia. These two companies have considerable experience in the manufacture of heavy vehicles in Malaysia. The investment for the Malaysia truck project would132 words
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Article46 1984-08-04 11 MPH INVESTMENTS (S) Pte Ltd has purchased 5,000 shares in Hotel Tmi-Paa Ltd at a total consideration of $4,650. SPK-8ENTOSA Corporation Bhd has received acceptances amounting to 9.70 million shares and excess shares application amounting to 920,447 shares with regards to its rights issue.46 words
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Article447 1984-08-04 11 TERESA LIM - TAKEOVER OF TAI SANG By TERESA LIM, Hongkong Correspondent TAI SANG Land Development Ltd's directors have reiterated their stand in not making any recommendation to shareholders on whether they should accept or reject the cash offer by United Industrial Corporation. Fan Mitchell Co, the appointed financial447 words
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271 1984-08-04 11 CHUAN HUP Marine has confirmed BT's report yesterday that it had acquired a 30 per cent stake in Lombardo Marine Pty Ltd of Australia for A 53.6 million cash. Lombardo Marine has an issued capital of 300,000 shares of $1 each and a net271 words
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Article105 1984-08-04 11 HONGKONG Australian Industrials Hong Seng Index Friday 1013.3 Thursdoy 1010.0 Friday 894.60 Week ago 976.9 Thursday 893 69 Week ago 785.99 NEW YORK TOKYO Dow Jones Thursday 1166 08 Tokyo Dow Jones Friday ***** 61 Wednesday 1134.61 Week ago 1107 55 Thursday ***** 87 Standard and Poors Week105 words
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Article213 1984-08-04 11 Managers' prices for Aug 4 6 Second B'putro Third B'putro Fourth B'putro 530 437 497 535 442 502 Singapore Unit Trust Fifth B'putro Sixth B'putro 3 38 3.19 343 324 The Commerce 3.34 3 55 Seventh B'putro (A) 2.23 228 The Sovmgs Fund 2.06 2 19 Seventh B'putro213 words
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Article887 1984-08-04 11 SHARE prices yesterday closed sharply higher in active trading, with the market boosted by massive gains seen on Wall Street on Thursday and yesterday afternoon, dealers said. At 3pm, the FT 30 Share Index had leapt 22.9 points to 832.0 while at 3.30pm, the FT-SE 100 index was887 words
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529 1984-08-04 12 JOHN LIM - By JOHN LIM, Industrial Correspondent TWO MAJOR oil refineries have lowered their posted prices for petrol and other products, and the three other refiners in Singapore which have yet to do so are expected to follow suit in view of the soft market529 words
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Article278 1984-08-04 12 SINGAPOREANS are known to be a brand conscious lot but this does not seem to apply to motorists where petrol is concerned. The country's home-grown Singapore Petroleum Company (SPC) reports that motorists are pumping more than 5,000 litres of its premium and super grade petrol278 words
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359 1984-08-04 12 SINGAPORE MUST have a strong PET to keep it going in the years ahead. PET is not something from the animal kingdom. It is Mr Wan Hussin Zoohri's acronym for productivity, education and training. "It is this formula that forms the basis and359 words
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Article, Illustration245 1984-08-04 12 By QUEK SWEE PENG SINGAPORE contractors must build up a strong home base before they can mount a determined attack on overseas markets. Mr Yow Hon Wai, the executive director of Active Building Civil Construction, also said yesterday at a conference on "Strategy245 words
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437 1984-08-04 12 JEFFREY TSANG - By JEFFREY TSANG SAFETY RULES in the construction industry will be tightened to prevent mishaps in the use of equipment and new technology. Emphasising the need yesterday, the Minister of National Development, Mr Teh Cheang Wan, said that accidents which result from the use437 words
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Article68 1984-08-04 12 WALL Street stock prices moved sharply higher in early morning trading yesterday, fuelled by new evidence that the the pace of economic recovery has moderated. The Dow Jones Industrial Average, which opened slightly higher, shot up almost 16 points to about 1182. In the broader market, gaining68 words
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LATE FILE
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Article39 1984-08-04 12 THE approved 1983-84 HDB budget provision for Bukit Batok Estate has been revised upwards by $67.5 million to $507,746,500. The provision set aside for Yishun Chong Pang has also been raised by $62.5 million to $433,603,100.39 words
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Article49 1984-08-04 12 Reuter THE DOLLAR fell sharply yesterday to the day's lows after US data showing higher than expected unemployment in July was interpreted as further evidence of economic slowdown. The dollar was quoted at 2.8540 marks shortly after the news, 360 basis points below the opening 2.8900 10.Reuter - 49 words
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Article60 1984-08-04 12 Reuter FOREIGN cigarette manufacturers will be able to sell their products through an unlimited number of outlets in Japan from April 1, a spokesman for Japan's State Agency, which presently holds a monopoly on imports, said. He said this follows the passage by the Upper HouseReuter - 60 words
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Article44 1984-08-04 12 Reuter THE TARGET of a bomb blast which killed at least 23 people at Madras Airport was probably a Sri Lankan airliner, according to evidence so far, police sources said yesterday. The explosion on late Thursday night also injured 20 people.Reuter - 44 words
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Article46 1984-08-04 12 UPI US DEMOCRATIC presidential nominee Walter Mondale has accepted the resignation of his campaign chairman Bert Lance, a party spokesman said. Mr Lance said he had resigned the post because he did not want to be "a source of diversion" to the campaign.UPI - 46 words
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Page 12 Advertisements
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Advertisement130 1984-08-04 12 2ND TIMES INTER-BUSINESS HOUSES ATHLETICS MEET '84 September 1,1984. National Stadium COME, JOIN US IN 'HE vVy CLASSIC A run for Charity The Charity Classic provides jrou with the excuse to arm-twist and extort from jour friends, enemies, competitors, employees, etc. In return, you'll have to fire them a run130 words
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Page 12 Miscellaneous
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Miscellaneous58 1984-08-04 12 'mMm Outlook for today: Showers in several areas in the late morning and early afternoon. Report for 24 hours pnor to 7 30pm on Aug 3 at the airport Maximum temperature 30.4 Associated humidity 76 Minimum temperature 24.4 Associated humidity 95 Hours of sunshine 5.30 Rainfall in millimetres 0.1 Rainfall58 words
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