The Business Times, 8 September 1984
1984-09-08
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The Business Times
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Title Section11 1984-09-08 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, SEPTEMBER 8,1984 60 CENTS11 words
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Article, Illustration694 1984-09-08 1 SOH TIANG KENG - By SOH TIANG KENG, Banking Correspondent CYMBALS CLASHED and lion dancers jumped and twirled. The years of planning, negotiations and constructing were over, and the Simex Chicago financial futures partnership went live. The real test of the system lies ahead, and although the level694 words
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251 1984-09-08 1 THE FINANCE Houses Association of Singapore (FHAS), concerned with the implications of the proposed amendments to the Finance Companies Act, is seeking a meeting with the Monetary Authority of Singapore. BT understands that a letter to this effect would be sent to251 words
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Article245 1984-09-08 1 Bernama BANK BUMIPUTRA, Malaysia's largest commercial bank, already three months late in its 1983 annual report, is expected to release the "controversial" accounts sometime next week. Over at the Bank Bumiputra headquarters and at the office of its auditors, Hanafiah Raslan and Mohamad, officers areBernama - 245 words
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171 1984-09-08 1 AFP TOKYO STOCK Exchange (TSE) membership, now limited only to Japanese securities firms, may be available to foreign stockbrokers starting from April next year. A vacancy has arisen because two TSE members have decided to merge. The two TSE members, Koyanagi SecuritiesAFP - 171 words
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Article, Illustration65 1984-09-08 1 SINGAPORE stacks closed lower yesterday la quiet trading with many investors still In a holiday mood. The Business Times Composite Index shed 3.83 points to close at 814.24 while the Straits Times Industrial Index lost 3J4 points to 312.49. Yesterday's clue marked the end d a week in65 words
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439 1984-09-08 1 Reuter THE AMERICAN dollar soared to new highs on major foreign exchange markets yesterday in hectic trading. Dealers in London said the dollar is bounding ahead on expectations that US interest rates will remain high. The expectation comes against a background ofReuter - 439 words
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347 1984-09-08 1 AMY BALAN - By AMY BALAN IN THE PAST, eggs, butter and other commodities were the backbone of futures trading, but Mr Brian Monieson, chairman of the Chicago Mercantile Board, prophesised yesterday that the future of the futures industry would be in stock indices and financial347 words
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Page 1 Advertisements
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Advertisement162 1984-09-08 1 i r —v —\H 1/TECHNICAL CONFERENCEi 'AND WORKSHOP SESSIONS Eminent technologists from 10 countries presenting the latest in electrical electronic engineering For more information, call:INTERFAMA PTE LTD Tel: *****12 YAMAHA CARBON COMPOSITE CLUBS. Proven tops in scientific tests. IS UJJ Tests carried out by a Swing Robot, the most reliable162 words
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Advertisement268 1984-09-08 1 mm SHARE INFORMATION 10 RAW MATERIALS 5 MONEY EXCHANGES 5 SHIPS IN PORT 6 STRAWS IN THE WIND 6 CHARTPOINT 11 UOB and Matsushita Electronics have come out with some interesting welfore incentives for their workers under the Company Welfarism through Employers' Contributions scheme. Page 2 THREE Soviet cosmonauts have268 words
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Advertisement11 1984-09-08 1 Full report, Pag* 10 International stocks, 8 Asian stocks, Pag* 911 words
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Advertisement172 1984-09-08 1 ENEX ASIA 34 An Intertama organised Tel *****12 Guideline* on financial future* disclosure, Back Page •i IL® k't IL* »> I h« llnntknn); (»<•<.iii-m A i: S &ik 17 Hongkongßank 4Zt Hongkongßank VISA and Hongkongßank MasterCard Only Hongkongßank offers both these credit cards for the cost of one. That's value!172 words
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HOME NEWS
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576 1984-09-08 2 LUCY NG - By LUCY NG A BANK and an electronics company have come out with some interesting welfare incentives for their workers under the Company Welfarism through Employers' Contributions (Cowec) scheme. The United Overseas Bank group, the first bank to join Cowec, uses it essentially576 words
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359 1984-09-08 2 LISA LEE - By LISA LEE NEW OWNERS of Housing Development Board flats will now have four months to renovate their homes. The board has decided to extend the period from the original three months because the large number of flats allocated359 words
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159 1984-09-08 2 THE DOORS at the base of the Housing Board rubbish chutes kept falling off, but repairs were delayed because contractors thought the job was not urgent. However, the ensuing mess tested the patience of residents and the resourcefulness of a quality control circle159 words
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Article44 1984-09-08 2 NEW FLAT owners are reminded that they have six months to sell their old flats from the time they collect keys to new flats. The Housing Board said they could always resell their old flats to the board.44 words
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Article, Illustration227 1984-09-08 2 SINGAPORE Polytechnic and the Ngee Ann Polytechnic will produce 60,000 graduates in the next decade, nearly double the 38,000 produced in the past 30 years. Dr Tay Eng Soon, Minister of State for Education, said at yesterday's open house of the Singapore Polytechnic that such a227 words
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Article, Illustration203 1984-09-08 2 A PROUD fatter was "adapted" by the Singapore Zoological Gardens yesterday, and the zoo's famous Orchid Tree was an orphan no more. The adopted father, who will pay $3,Hi annually to ensure that the Orchid Tree receives Its regular doses of water, fertiliser, pruning203 words
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182 1984-09-08 2 COMPUTERISATION is not a task to be undertaken solely by the Government, in spite of the steps it has already taken in guiding Singapore in that direction. The private sector should be ]ust as actively involved in computerisation, computer education and training, said182 words
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Article170 1984-09-08 2 THE BRITISH Council has gone on-line with a computerised student registration and administration system. The turnkey package, the first of its kind in South-east Asia, was developed by Adeptus Software Consultants using an ICL DRS2O computer at a cost of about $205,000. The computer, including three170 words
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Page 2 Advertisements
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Advertisement282 1984-09-08 2 Cold Storage Holdings R L.C. INTERIM STATEMENT The Directors announce the unaudited results for the six months to 31st July. 1984 3. Trading conditions in Singapore are increasingly competitive and the Group's investments in Australia face continuing OITTtCUITIGS. Our associate company in Australia. Safcol, has experienced particularly difficult circumstances in282 words
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Advertisement58 1984-09-08 2 :di l||ll Golden Pfioenix CHAD ZHOU GARDEN RESTAURANT 6th Storey, UIC Building, Shenton Way, Tel: *****55 (6 Lines) 4. 7s f r <aol(l«>ll l'lUH>ni.V Ci-I-1,.- Sk'hiiHii Iti^liiiinuil bicnuan Hote| Equatorial UUlSine 429 Bukit Timah Road Tel *****31 (iOl<l<»ll IMllK»lli.V Sichuan IW'Klaiiininl < l( 4th Storey World Trade Centr 1 Maritime58 words
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OVERSEAS
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316 1984-09-08 3 UPI AMERICANS are "often misinformed" about US arms policy and most are unaware that Nato plans provide for the use of nuclear weapons in the event of a conventional Soviet-led attack in Europe. According to a survey published on Thursday, the majority of AmericansUPI - 316 words
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Article121 1984-09-08 3 UPI SECRETARY of State George Shultz and Soviet Foreign Minister Andrei Gromyko will meet in New York on Sep 26. The US State Department announcement confirmed earlier speculation that Mr Gromyko and Mr Shultz would have the meeting that is traditional between the foreign ministers ofUPI - 121 words
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Article90 1984-09-08 3 UPI DEPARTMENT store officials in Maine, US, plan to go on with the "Baby Olympics" featuring such events as the three-yard crawl in spite of a protest from the country's Olympic Committee. The committee claims that Jordan Marsh is illegally using the word "Olympics" but storeUPI - 90 words
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270 1984-09-08 3 Reuter THE CHINESE Communist Party (CCP) has brought forward its next congress by two years to 1965, in what diplomats describe as a deft move by top leader Deng Xiaoping to unseat his opponents. The 13th congress is expected to elect aReuter - 270 words
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Article66 1984-09-08 3 Reuter FORMER Austrian Foreign Minister Willibald Pahr, chairman of the International Conference on Kampuchea, yesterday said he had received a positive response from Indonesia to possible new steps towards a political settlement in Cambodia. But he said he could not reveal his new proposals until they had beenReuter - 66 words
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241 1984-09-08 3 AFP PHILIPPINE Foreign Minister Arturo Tolentino has proposed a compromise formula to meet opposition demands for the repeal of President Ferdinand Marcos' power to rule by decree. "The president will never agree to (outright) repeal (of his decree-mak-ing powers)," he said in ManilaAFP - 241 words
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Article189 1984-09-08 3 Reuter OPEC CRUDE oil production is forecast to fall to 16.9 million barrels per day (bpd) in the third quarter of 1984, compared with 17.9 million bpd in the second quarter and 19.0 million in July-September 1983. 4 The Paris-based International Energy Agency (lEA), in its latestReuter - 189 words
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Article742 1984-09-08 3 ARRIVALS Operator Service number Local time From PAA PAS 0020 JFK/SFO/HKG CAL CI331 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 MH67I 0935 KUL MAS MH8I1 0940 PEN CAL CI806 0945 HLP742 words
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236 1984-09-08 3 UPI A REQUEST from American retailers and importers to delay US plans to impose controversial new "country of origin" rules on textile imports will be heard in the Court of International Trade in New York on Monday. This apparently means that theUPI - 236 words
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442 1984-09-08 3 UPI, Reuter THREE SOVIET cosmonauts have broken the 211-day space endurance record set by their fellow cosmonauts. Cosmonauts Leonid Kizim, Vladimir Solovyov and Oleg Atkov, orbiting earth in the Salyut-7 space station, soared past the previous record at 12 minutes past midnight yesterday (1012 GMTUPI,; Reuter - 442 words
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Article, Illustration267 1984-09-08 3 UPI THE SECOND most powerful man in the Soviet defence ministry, Chief of Staff Marshal Nikolai Ogarkov, has been relieved of his duties. Marshal Ogarkov was replaced by Marshal Sergei Akhromeyev. The official Tass news agency said on Thursday that "Nikolai OgarkovUPI - 267 words
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133 1984-09-08 3 UPI ISRAEL could have a new government by next week following an agreement between Labour Party leader Shimon Peres and caretaker Prime Minister Yitzhak Shamir on a unique powersharing arrangement. Israel television said the new bipartisan government would be installed next week after aUPI - 133 words
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Page 3 Advertisements
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Advertisement11 1984-09-08 3 Pan Am. Daily 747SPTo USA, It Flies Smoother, Faster And Quieter.11 words
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Advertisement116 1984-09-08 3 V V V -V- International Hate Singapore vs Ma lasek Utara Golf Club, johor Baharu Sept Watch top professionals of Singapore and Malaysia do battle once again for the prestigious Old Parr Trophy. Don't miss this exciting match played at one of Malaysia's toughest golf courses, the Tasek Utara Course.116 words
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Page 4 Advertisements
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Advertisement2861 1984-09-08 4 ADVERTISER'S ANNOUNCEMENT 36TH ANNIVERSARY OF THE DEMOCRATIC PEOPLE'S REPURLIC OF KOREA Excerpts from Pyongyang Times MAJOR TASKS OF SOCIALIST ECONOMIC CONSTRUCTION IN THE 1980'S advanced by His Excellency KIM IL SUNG president of the D.P.R of Korea at the 6th Congress of the Worker's Party of Korea on 10th October,2,861 words
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BANKING AND FINANCE
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Article, Illustration632 1984-09-08 5 SINGAPORE: The US dollar closed higher against most major currencies after active trading but was below the day's high on some late selling. The dollar's firmness was attributed to anticipation of further rise in US interest rates and expectations that President Reagan will be re-elected in the coming632 words
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Article119 1984-09-08 5 THE OVERNIGHT rate closed at 8% per cent on the Singapore interbank market yesterday, unchanged from Wednesday's closing. Term rate for the one-month maturity rose by 1/16-point, while the two and three-month rates remained at Wednesday's closing levels. S$ interbank rates at 3pm yesterday Offer Bid Overnight 8119 words
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Article255 1984-09-08 5 Interbank rates at 3pm CurrtnelM Nominal rata N Smithsonian quoted yesterday croea parity change Local dollors to on* unit of foreign currency US dollar 2 1595 2 1605 2 8196 23 41 Sterling pound 2 7663 2 7697 7 3469 -62 35 Australian dollor 1 7923 1 7953255 words
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Article49 1984-09-08 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from Sep 10 to Sep 14: Offered: $190,000,000. Applied for: $231,500,000. Allotted: $190,000,000. Accepted bids: $99.25 approximately 87 per cent; higher bids in full. Average rate of discount on allotment: 3.010 per cent per annum.49 words
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Article229 1984-09-08 5 ASIAN dollar deposit rates closed steady yesterday at easier opening levels in thin afternoon trading. Period rates weakened between 1/16 and 1/8 point at the outset influenced by news that US M-l money supply fell by US$7OO million in the latest reporting week and by the Fed's229 words
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Article208 1984-09-08 5 Bank of America EURODOLLAR contract opended slightly higher than the IMM's close traded within narrow ranges December Eurodollar, the most actively traded month fluctuated between 87.65 to 87.61 before settling at 87.64. D-mark contract saw greater activity as dollar tops 2.97 in the cash mar- ket. The strong dollarBank of America - 208 words
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Article187 1984-09-08 5 SINGAPORE of $343.00/50. On the local Futures closed lower yes- market, gold closed terday in moderately ac- HKJ2.OO above Thursday's tive trading due to a finish at $3,193 a tasl. The stronger US dollar. Decern- krugerrand eased $5.00 to ber, the only traded posi- $2,770 (US$353). tion with a187 words
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443 1984-09-08 5 AFP FItENCH Prime Minister Laurent Fabius has called for a reform of the international monetary system "if we do not want permanently to be dependent on the dollar". Mr Fabius was speaking shortly before a meeting of European Economic Community (EEC) finance ministersAFP - 443 words
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269 1984-09-08 5 Reuter BANK reserve and other data released by the Federal Reserve on Thursday suggest the central bank is maintaining a basically stable policy that does not appear likely to be changed near term. Larry Leuzzi, economist at E F Hutton and Co,Reuter - 269 words
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Article98 1984-09-08 5 AFP THE US and France, followed by Japan and Italy, were the major borrowers on international capital markets in August. According to statistics released recently by the Organisation for Economic Cooperation and Development (OECD), the United States borrowed US$3 billion last month, France $2.5 billion, JapanAFP - 98 words
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RAW MATERIALS
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Article153 1984-09-08 5 Chinese Produce Exchange (Sellers' noon closing prices on Sep 7. S$/100kg) Coconut oil Bulk FOB 192 00 Old drum FOB 205 00 New drum FOB 209 00 Copra Mixed (loose) ***** buyers Pepper Muntok white FOB NLW 677.50 Sarawak white FOB faq NLW ***** Sarawak special black FOB153 words
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Article293 1984-09-08 5 Singapore (S$/kilo, ex-godown) Thai white 100% 1st class (kangaroo) new crop 1.05 100% 2nd class 0 77 100% 3rd class 0.75 25% new crop No stock B-10% No stock Thai broken A-super 0 65 Special 0.60 Thai rice 55% No stock China rice 10% 15% 25% 35% 092 No293 words
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Article156 1984-09-08 5 SINGAPORE The market closed higher yesterday with September One RSS buyers quoted at 195.50 cents per kg, up 3.50 cents from Wednesday. MALAYSIA The market closed little changed yesterday, with September Int Ones RSS buyers quoted at 216.00 cents per kg, up half a cent from Thursday. The Inro156 words
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Article347 1984-09-08 5 RAS prices (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS prompt 187 50 188 50 192 00 *****N Int 1 RSS Sep 190 50 191 50 195 50 196 00 Int 1 RSS Oct 195 25 195 75 196 00347 words
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Article111 1984-09-08 5 (in cents/1 ton pollets) September October (current mth) (forward mth) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 192 50 194 50N 194 50 196 50N SSR 50 190 50 192 SON 192 50 194 50N MRELB Buyers Sellers Buyers Sellers SMR CV 226 50 228111 words
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Article84 1984-09-08 5 THE Straits tin price in Penaag yesterday remained at the ITA fleer level ef Ms2t.ls per kg on continued lack ef demand. The buffer stock manager maintained his strong support at this level, taking most of the IS) tonnes on offer. Japanese and local interests provided little support84 words
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Article145 1984-09-08 5 Prices on the Malaysian crude palm oil market closed firmer yesterday on further covering and speculative buying interest in moderately active trading. In September, north, south and central regions firmed Ms3o, $25 and $22.50 respectively to $1,005 per tonne. In October, south rose $20 to $1,005. November in145 words
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Article166 1984-09-08 5 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 3,400 Blue Pboemx 20's 3,500 Blue Phoenix 32's 3,820 Blue Phoenix 40's 4,300 Carded yorn, hank Blue Phoenix 21 s 3,600 Combed yarn, cones Blue Phoenix 32's 5,100 Blue Phoenix 40's 5,400 Open-end yarn166 words
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Article109 1984-09-08 5 CHICAGO wheat futures closed quietly mixed on Thursday, ranging from up 3'/« cents per bushel in September to down 2'i in March. December was held to a narrow 2 x h cent range on the day. Central soy spread a total of one million bushels of September/December at 7109 words
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Article157 1984-09-08 5 CHICAGO soybean futures weakened to close mixed on Thursday, ranging from down 6 5 4 cents per bushel in March to up V* in distant November. A local house and lowa Grain sold November on the close, with buyers scattered and small-lot. Soyoil futures closed up 0.53 cent per157 words
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Article759 1984-09-08 5 COFFEE Robusta futures yesterday ended a subdued morning session unchanged to £9 above the previous close, apart from May which was down £1. November finished £7 higher at £2,487. Prices were expected to open unchanged to slightly easier based on the New York close, but advanced on light759 words
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FEATURES
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Article455 1984-09-08 6 SINGAPORE YOUTHS, who have been described by Prime Minister Lee Kuan Yew as having problem generating enough anger in play acting, also have problem generating enough heat to melt the fats in their bodies. A recent School Health Services report says that two in 10 Primary six455 words
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Article, Illustration1049 1984-09-08 6 DAVID SANGER - By DAVID SANGER NYT A COLLABORATIVE effort by American computer companies, mobilised to head off the Japanese attack on the critical high-technol-ogy markets of the *****, has had a rocky start. While the consortium, the Microelectronics and Computer Technology Corp, or MCC, is beginning toNYT - 1,049 words
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Article, Illustration216 1984-09-08 6 STRAWS in the Wind BT READERS have lately been sending to this column photographs they think are worth a chuckle on a lazy Saturday morning. The latest, taken at the Edinburgh zoo, features a character that could best be described as a Scottish Batman216 words
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Article1081 1984-09-08 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL 1 Location E Gobe 004RW 8.9.84 2359 G Asia FSB 1000-1200 N2 Hammurabi 8 9984 0100 Sealord TA 3 1100-1300 L7 Monte Ruby 21A 9.9.84 0700 MOSK FSB 1500-1600/1800-1900 U2 B Melati 4071,081 words
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Page 6 Miscellaneous
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Miscellaneous1102 1984-09-08 6 TO vm mm HIGHLIGHTS Saturday Matinee The Little Ark 2.00 pm, Channel 5 A delightful family film with the storyline taken from a 1953 disastrous flood in Holland. In a small village in southwest Holland, 10-year-old Jan and 11-year-old Adinda become separated from their foster parents during a massive storm.1,102 words
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TIME-OFF
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Article, Illustration883 1984-09-08 7 YANG ZHUANGZHI - Diminutive Madam Hu extols the healthy advantages of taiji The Seventh National Pugilistic Championship, organised by the Singapore National Pugilistic Federation and the People's Association, will be held at the Gay World Stadium from Sep 15 to 23. Tickets at $2, $5, $10 and $30 are883 words
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Article475 1984-09-08 7 WALTON MORAIS - By WALTON MORAIS "IF YOU WANT to dream, cut out the picture. If you want to fly, cut out the coupon." For 34 young men who dared to try and make their lofty dreams of flying with the British Royal Air Force a reality, the wry475 words
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SPORTS
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Article, Illustration597 1984-09-08 7 NYT IT SEEMS that all that might disqualify a man from being a heavyweight boxing champion of the world these days is laryngitis. This was emphasised when Larry Holmes and Gerrie Coetzee, two of the heavyweight champions of the world, traded obstreperous insultsNYT - 597 words
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419 1984-09-08 7 AFP TWO-TIME defending champion Jimmy Connors of the United States, after surviving a tense first set, roared through the next two for a 7-5, 6-2, 6-0 victory over John Lloyd of England on Thursday to reach a record 11th consecutive US Open tennis championshipsAFP - 419 words
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Article658 1984-09-08 7 BRIAN MILLER - By BRIAN MILLER BRACE yourself for a long, long weekend! Yes, it's going to be tiring Saturday for racegoers dead-set on making it to the Bukit Timah racecourse for off-course betting on the first day of the Ipoh September meeting. Eleven races will be run658 words
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Page 7 Miscellaneous
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Miscellaneous757 1984-09-08 7 BGIi)33SS3(Mi) a CRYPTIC PUZZLE ACROSS 9 Quickly I get the boy a pudding (2, 1, 5) 10 Blimey, it's cold, ducks! (3) 11 Bent and battered tin in which you find a number (6) 12 Can't I turn the page to see the plant? (6) 13 Firm that the aunts757 words
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Miscellaneous296 1984-09-08 7 Henri Cartier-Bresson Photographer. The first comprehensive review of his work in more than a decade. It is the first time that the exhibition will be shown in Asean. Presented by the National Museum Art Gallery and organised by the International Centre of Photography in New York. Supported by American Express.296 words
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INTERNATIONAL STOCKS
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191 1984-09-08 8 Reuter BRITISH Petroleum Co PLC expects oil and other commodity markets to remain difficult for the rest of the year, though oil demand prospects are more encouraging, according to a BP statement accompanying 1984 first-half results. However, net income for the second quarterReuter - 191 words
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180 1984-09-08 8 Reuter BANKERS International Corp, a wholly-owned subsidiary of Bankers Trust Co, plans to acquire 50 per cent of Banco lochpe de Investimento SA, an investment bank and financial holding company with headquarters in Porto Ailegre, Brazil. The acquisition will comprise 33.33 perReuter - 180 words
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Article66 1984-09-08 8 Reuter BAT Industries PLC says its US subsidiary, Appleton Papers Inc of Appleton, Wisconsin, has bought the West Carrollton, Ohio, Paper Mill from PH Glatfelter Co for around US$B3 million. The deal, for which a letter of intent was announced on June 29, will be financedReuter - 66 words
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292 1984-09-08 8 UPI WALL Street, bolstered by a dip in some short-term interest rates, snapped a two-day losing streak with a solid gain on Thursday in the heaviest trading in two weeks. Stocks involved in takeovers and takeover speculation were in the spotlight forUPI - 292 words
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Article119 1984-09-08 8 scrr 06 C$ 3IH v» Imp Ol loco < 1 15 32* unch unch Ale on 35* 21H 4M tut Un 22 V> -H 23* -V* 15** Bonk Novo Scotia BtlTd BP Coo Ltd 11*. 33** 25* V, ■1 lobtow B Mauey Fwg I6h 4% 25* -hk Broscon 33119 words
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Article204 1984-09-08 8 serr 06 Rand 235 5 On Steel 100 unch INOUSTtlALS 495 unch A Alpha 7506 unch Wootworth 1450 unch Abercom 150 3 10 AE And a 770 2290 360 -5 ***** AMIC 2600 1725 25 1140 -10 Buff eh 7700 25 C G Smith 1840 520S CNA 205 5204 words
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Article714 1984-09-08 8 strr 06 US$ ACf Industries Alton Akxrwi 27% Alcoa 34* Aiegheny Lud 21% A»ed Chem Cp 33 Afced Stores 46 At*-Chalmers II Am Brand* Inc 60 -H Am Broadcast 77% 2% Am Can Co 47* Am Cyonartwd 51 Am Elec Pwr 18% Am Express 32% Am Home Prod714 words
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Article959 1984-09-08 8 Amsterdam SECT 06 Fl» ABN 292 00 -15 Aegon 115 50 unch AKokJ ***** +1 2 Afczo 92 00 0 2 AMEV J 62 80 -0 4 Amfoi Amrobnfc 55 60 -0 6 BerV 3880 +0 8 Boh 92 80 -0 5 Borwjmn 234 50 1 5 Boifcc959 words
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Page 8 Advertisements
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Advertisement205 1984-09-08 8 srr^. —The Summer falace proudly presents a special luncheon menu W/e can think of sixteen reasons why you should try our unique new menu... Braised fish maw soup with crab meat, braised fungus soup with assorted meat, bra ised bean curd with vegetables, braised diced chicken with fresh milk, deepfried205 words
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Advertisement89 1984-09-08 8 Spectacular Double Bill Cedric Debbie Kathy Los Amors C\3ouble excitement hits ROBIN S TAVERN Two popular groups entertain from 5.15 p.m. onwards. A single group performs on Sundays and Mondays. 25% discount :i:\ on all drinks, mas^m Offers are valid during Happy Hours 4.00 7.00pm only. -A- HOTEL ASIA Your89 words
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Advertisement95 1984-09-08 8 gMgßMng The President Ix>unge promts THe sweet sounds of thHufawpk M/ i* >i f The Nightingales, a captivating all-prl hand from Taiwan will ting your favourite numbers while you unwind after a hard day's work with a favourite drink Relax with ll* Sightings Irs and The New Serrations, our throbbing95 words
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Advertisement128 1984-09-08 8 r im MEMBERSHIP FOR SWIMMING POOL MEMBERSHIP FEE Single $15.00 per month Couple $25.00 per month Family $30.00 per month Group/Company Negotiable ENTITLEMENTS: Exclusive use of the Swimming Pool on 3rd Floor of the Hotel from 8:00 a.m. to 9:00 p.m. 10% Discount on all meals in Cafe De Grand.128 words
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Advertisement104 1984-09-08 8 London stocks, Pago 11 He 1 r 'i >i 1 i At' sftTJ >* •i 17 T s* >- it i« 270 Ore hard Road Singapore 0923 Tele* RS ***** MCROWTV Cable: CROWruiOTCL Tel: 732 I 111. X]± J 4« < 1 »l I > V r? |T|, Brass rails,104 words
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ASIAN STOCKS
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Article360 1984-09-08 9 HONGKONG: Share prices closed steady yesterday on technical support after opening lower in the face of a strong US dollar. The Hang Seng Index ended 4.62 points up at 940.55 after being down 8.39 at the midmorning fix. Sun Hung Kai Co announced a decline in 1984 half-year net360 words
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Article249 1984-09-08 9 Sf FT 07 NT Chem Indus 2060 0 2 -0 05 Lien Hwo Indus 1350 -02 Al Sincere Irxfcis 7 05 Non Yo Ptos 30 80 -04 25 50 -0 3 27 60 Cathay Cons 29 10 Pocrfic Elect 63 50 1 Wrc 19 20 -0 1 Chan Loong249 words
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Article423 1984-09-08 9 TOKYO: Share prices closed higher for the first time in four sessions yesterday after an overnight rebound on Wall Street, but the firming dollar tended to prevent prices rising far. The market average rose 42.21 to close at 10,500.70 following Thursday's 87.06 fall but the turnover remained at a423 words
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Article72 1984-09-08 9 S*p7 Bank Seoul Won 659 -1 Hyundai Motor K AL 643 504 729 -1 ■1 -1 632 1 Korea Oil Korea Ship 1230 19 Commerciol Bk Daetm Ind 666 575 4 439 795 +23 -5 655 7 780 10 Dong Ah 779 781 14 -4 Sormung Elec 970 139072 words
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Article69 1984-09-08 9 BANGKOK: Prices closed lower yesterday in sluggish trading, unable to sustain Thursday's gains. The Book Club Index shed 0.51 point to 117.72 and declines led advances by a two-to-one margin. Turnover fell to 249,310 shares worth 23.4 million baht from 800,844 shares worth 43.6 million baht on Thursday. Bank of69 words
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Article367 1984-09-08 9 SYDNEY: Australian share markets closed firmer yesterday as investors responded to positive news from abroad. At 1515 local time, the All Ordinaries Index was 4.0 points higher at 725.0, the All Industrials 4.7 up at 1028.2 and the All Resources 3.3 ahead at 489.1. Rises edged falls. In the367 words
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Article53 1984-09-08 9 MANILA: Unavailable sin 07 Piw Onantai B PM Ptvt«« B 0014 0 006 0 u unch -0 0005 0 0075 unch plot 37 unch Podco B Bomc Pstrotoum 0 0038 unch 112 7 cdcp 0 29 unch Frv Phi Hklgs 1 10 +0 02 o 0 033 -0003 Uvphd53 words
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Article83 1984-09-08 9 AP THE US company Gould Inc has received a US$5.B million order from China for 11 computer systems, software, spare parts and training. The systems would be used at 11 different Chinese universities for software development and academic studies. Gould would train 44 students, all universityAP - 83 words
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Article102 1984-09-08 9 Reuter NISSAN Motor Co is likely to have a capital tie-up with Taiwan's largest automotive firm, Yue Loong Motor Co, says a .Nissan spokesman. However, he says a report in the Nikkan Kogyo Shimbun business daily on Nissan taking a 25 per centReuter - 102 words
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Corporate round-up
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Article93 1984-09-08 9 LIONS Corp of Japan plans to set up a joint venture with S C Johnson and Son Inc of the US by the end of next year to produce and market toothpaste in the United States. Spokesman Jun Itoh says under an agreement, Johnson93 words
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Article88 1984-09-08 9 COMBUSTION Engineering Ine of the US and Hyundai Corp of South Korea have been awarded a contract by Arabian American Oil Co to build a 160,000 barrel per day crude oil refinery for the Saudi Arabian state oil company Petromin in Qasim, Saudi Arabia. The88 words
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78 1984-09-08 9 Agencies NV Philips Gloeilampenfabrieken said an Italian subsidiary won a 70 million guilder contract to help set up a refrigerator compressor factory in Beijing. The subsidiary, Industrie Riunite Eurodomestici SPA (IRE), will supply machinery and technology to produce one million compressors a year. Philips didAgencies - 78 words
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233 1984-09-08 9 AFP TOYOTA Motor Corp has expressed disappointment over failure to agree with Taiwan'on joint car production, but has kept the door open for future cooperation with the Taiwanese car industry. Shigenobu Yamamoto, a Tokyo vice-president, said: "Taiwan's decision was beyond our expectation andAFP - 233 words
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Article155 1984-09-08 9 Reuter THE Sydney Stock Exchange (SSE) will soon provide a key part in a continuous international options trading cycle, according to an SSE report. The 24-hour arrangement w<Hild begin in the third or fourth week of September. The options market will trade first inReuter - 155 words
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Article139 1984-09-08 9 FT HYUNDAI, a Korean diversified industrial group, has agreed in principle to take a 10 per cent stake in the Asl.2 billion -aluminium smelter being built at Portland, Victoria, by a consortium headed by Alcoa of Australia. A further 15 per cent is to be boughtFT - 139 words
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150 1984-09-08 9 AFP A MAJOR Japanese television producer has concluded a US$3 million agreement to build an Integrated colour television plant in north-east China's Shenyang City, says a company spokesman. Victor Co together with Nissho-Iwai Corp, a major trading house in Tokyo, will jointlyAFP - 150 words
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Page 9 Advertisements
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Advertisement15 1984-09-08 9 i )rX 1 /S 7> V Luncheon'^,, Foo t<JcVa< LUM ,i vjZZHi to iQ 115 words
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Advertisement159 1984-09-08 9 f, The authentic taste ot Japan A Japanese manager. Japanese Chefs A sushi counter, four teppanyaki griddles, a spacious a la carte restaurant and several tatami rooms Open for lunch and dinner Set Lunch from Sl7 subject to 10% service charge and 3% CESS a A Century Park Sheraton Singapore159 words
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Advertisement114 1984-09-08 9 Ho9ci w^n,m f COME on a gourmet adventure Ix'neath M the starlit sk\ 4 gteamboat hvcr\ Vintlas 6 pm to 1 1 pni A i .*r r.\' v For two: 5>2S For four: s>">6 For mx SMS cMu ni\c. C A delicious choice of fresh and succulent seafood meat and114 words
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Advertisement117 1984-09-08 9 The Hilton Lobby Lounge presents I 9. t 0, s r n Now at the Hilton's Lobby Lounge catch the act with the touch of gold. The Golden Girls from the Philippines. From golden oldies to solid gold hits, Beth, Aleli and Maria weave a glittering musical mosaic. They're on117 words
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Advertisement115 1984-09-08 9 w iff ™> "I GOFFEE GARDEN,'' we serve s?on poaiid the clock n t; s 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 famous115 words
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SHARE INFORMATION
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Article, Illustration4237 1984-09-08 10 IN SPITE of the overnight rise on Wall Street, local investors did not take the cue, and share prices on the Singapore stock market declined in light trading yesterday. At the close, the BT Composite Index lost 3.83 points to 814.24 while4,237 words
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Article263 1984-09-08 10 1 SINGAPORE Rises Indices SAMue W 580 M Flow 380 MBF Corp 50« 240 Lion Com 240 Fodorol Flour 310 Pruno 575 MtF HV49. 50* 235 MTC7I< 400 KLWSOi 272 M U M»9 S0« 200 K«mt« 50« 106 Falls 1 C B 600 r c 20 20263 words
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Article449 1984-09-08 10 THE Kuala Lumpur stock market recovered slightly yesterday to close on a mixed note, after three consecutive sessions of losses earlier during the week. Traders remained cautious and price movements were generally small. Turnover rose to five million units valued at Mill-86 million from Thursday's449 words
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Article3538 1984-09-08 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".3,538 words
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Page 10 Advertisements
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Advertisement8 1984-09-08 10 Business dons on the KLSE Ses page 118 words
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COMPANY NEWS
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Article, Illustration333 1984-09-08 11 By HOCK LOCK SIEW IN A PREVIOUS review (April 14) when the shares of United Industrial Corp were trading at $1.92 and were in the final downswing of the uptrend channel AB:CD, I said: "If there is no fresh pick-up of activity on an upward recovery move andBy HOCK LOCK SIEW - 333 words
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Article2283 1984-09-08 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 Ajinomoto (3.905) Alex Hldg xd Alcorn (I 978 1.985)2,283 words
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Article98 1984-09-08 11 HONGKONG Hang Seng Index Friday 940.55 Thursday 935.93 Week ago 926.78 TOKYO Tokyo Dow Jones Friday *****.70 Thursday *****.49 Week ago *****.20 TSE Index Friday 807.35 Thursday 805.08 Week ago 816.69 SYDNEY Australian Minings Friday 440 2 Thursday 436 7 Week ago 460 4 Australian Industrials Friday 1028.398 words
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Article226 1984-09-08 11 Managers' prices for Sep 8 10 Singapore Unit Trust The Commerce 3.03 3.22 The Savings Fund I 90 2.02 S'pore Prog Fund 1 35 I 43 S'pore Sec Fund I 97 2.09* S'pore Invest Fund 1.20 1.27 S'pore El 1 Fund I 35 1 43 Asia Unit Trust226 words
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Article220 1984-09-08 11 THE Hongkong Society of Accountants (HKSA) has set up a three-man working party to examine whether Fan Mitchell Co was in breach of professional conduct when it advised Tai Sang Land Development Co Ltd to reject the United Industrial Corp's takeover bid. The council members220 words
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LATEST RESULTS
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Article55 1984-09-08 11 has announced a rise in group pre-tax profits to $20.72 million in the half-year to June 30, thanks to a hefty share of profits of associated companies of $12.85 million. EPS rose to 7.1 cents (4.3 cents). An unchanged interim dividend of 7.5 per cent before tax will55 words
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Article40 1984-09-08 11 has reported lower group pre-tax profits of $21.44 million in the first-half of 1984. EPS feU to 4.9 cents (6.2 cents). An unchanged interim dividend of five per cent gross will be paid on Oct 12.40 words
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506 1984-09-08 11 CHAN OI CHEE - By CHAN OI CHEE THE situation at Van der Horst Ltd, a much-talked-about takeover target, has become more intriguing with the latest disclosure of changes in the company's shareholdings. In separate announcements, Van der Horst disclosed that Prime International (Holdings) Pte Ltd506 words
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598 1984-09-08 11 NAJEEB JARHOM - By NAJEEB JARHOM THE PROLONGED depression in Singapore's retail sector has claimed its latest victim in Cold Storage Holdings PLC. First-half results of the food-cum-property group show a significant 35.3 per cent drop in taxable profits to $10.72 million from $16.57 million in the598 words
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Article117 1984-09-08 11 THE High Court has made an interim order on the application of Haag Leeng Industries Bhd restraining BICC from selling its shares in Malayan Cables Bhd to Sapura Holdings Sdn Bhd. BICC and Sapura are applying to the Court on Sep 11 for the order to be lifted.117 words
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Article912 1984-09-08 11 THE market closed slightly higher yesterday after a moderately active session and at 3pm, the FT 30 Share Index was up 3.8 points to 852.7. Sterling's steadier trend, despite demand for the US dollar, helped sentiment but operators were cautious ahead of talks in the six-month miners' strike912 words
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Page 11 Advertisements
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Advertisement70 1984-09-08 11 MANUFACTURER'S AGENT REQUIRED Successful and expanding U.S. Company manufacturing power and process equipment (unit prices US$2OO,OOO US$1,500,000) seeks established agent with proven track record of capital equipment sales to the process industries (particularly chemical, petrochemical and gas industries). Our lines would suit agency currently selling power and process items such70 words
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415 1984-09-08 12 LIM SOON NEO - By LIM SOON NEO AN ATTRACTIVE financial offer which came with a contract price of $164.4 million helped Nishimatsu Lum Chang clinch the contract for building the MRT Bishan depot as well as workshops, stores and training facilities there. Nishimatsu and Lum Chang beat415 words
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209 1984-09-08 12 THE MASS Rapid Transit Corporation has set the wheels rolling for the work trains needed during the construction of the "MRT system. The trains will be used for transporting heavy equipment through the tunnel and for laying cables along209 words
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Article, Illustration339 1984-09-08 12 JOANNE YAP - By JOANNE YAP JAPANESE contractors yesterday "broke into" the sacred grounds of the St Andrew's Cathedral with the approval of the authorities and the blessings of the church. The groundbreaking ceremony to mark the start of work on the City Hall mass rapid transit (MRT) station was339 words
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Article435 1984-09-08 12 SINGAPORE is becoming an important source of relief for people all over the world who suffer from ulcers. Glaxochem (Pte) Ltd, a British company operating in Pioneer Sector (Jurong), began production of ranitidine hydrochloride a chemical compound for ulcer treatment in 1982. The compound is shipped435 words
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262 1984-09-08 12 AFP THE Malaysian King, Sultan Lskandar, has signed into law a controversial Bill which will sharply cut court awards for personal injuries and death. The Civil Law (Amendment) Bill had been widely criticised by civic groups, trade unions and opposition political parties. Attorney-generalAFP - 262 words
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164 1984-09-08 12 Reuter CHINA and the US are drifting towards a repetition of last year's damaging trade dispute as Beijing yesterday warned Washington of retaliation over new US rules aimed at cutting textile imports. The rules will have a "serious and detrimental effect on Sino-USReuter - 164 words
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100 1984-09-08 12 A THAI parliamentary delegation led by General Kriangsak Chomanan will arrive in Singapore this afternoon. General Kriangsak is chairman of the Standing Committee on Foreign Affairs in Thailand, The 14 parliamentarians are accompanied by five officials. The delegates will visit the Institute of South-east Asian Studies100 words
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375 1984-09-08 12 ALVIN TAV - By ALVIN TAV USERS of financial futures markets who might have been confused about how much disclosure was needed in their financial statements have been given some help by the Singapore Society of Accountants (SSA). In its set of guidelines, the SSA375 words
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Article69 1984-09-08 12 WALL Street stock prices were higher in early trading yesterday as investors reacted to the latest employment figures. The Dow Jones Industrial Average was up about five points to nearly 1224. Overall, gainers led losers about two to one. Volume was about nine million shares in the69 words
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LATE FILE
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Article63 1984-09-08 12 Reuter THAILAND has complained to the United Nations that two of its border policemen were killed and three seriously wounded as a result of firing by Laotian troops last Saturday. Thailand's UN Ambassador, Mr Birabhongse Kasemsri, said the latest casualties occurred when Laotian soldiers fired atReuter - 63 words
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Article56 1984-09-08 12 Reuter THE US unemployment rate remained unchanged at 7.5 per cent in August after climbing two fifths of a point in July, the US Labour Department said yesterday. Last month the number of people out of work remained virtually unchanged at 8.5 million with total employmentReuter - 56 words
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Article54 1984-09-08 12 UPI SOUTH Korean President Chun Doo Hwan has secured his second apology for Japanese colonialism, with Prime Minister Nakasone admitting that his country brought "great sufferings" on Korea. The Prime Minister's statement came a day after an indirect apology by Emperor' Hirohito for Japan's colonialUPI - 54 words
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Article61 1984-09-08 12 UPI INDIAN police have arrested more than 500 farmers across Punjab state to keep them from rallying to demand higher grain prices and lower power rates for irrigation. The swoop on Thursday was aimed at preventing the farmers from marching into the state capital of ChandigarhUPI - 61 words
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Page 12 Advertisements
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Advertisement25 1984-09-08 12 1 arms EXHIBITION SALE OF ORIENTAL EUROPEAN ANTIQUES AND WORKS OF ART at the Windsor Room, Goodwood Park Hotel. OPENS TODAY 10.00 am to 9.00pm25 words
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Advertisement120 1984-09-08 12 All you'd expect. flT- l T-r wrjer _j» Mr* —X, ■■&.<** f r -X «r<+> V?. > w. •••<& fj*' m 2-: A tote/ tAof believes in the romance of life. The Orchard Sun. The newest, largest, and most luxurious in Penang, with all 3*23 rooms facing the sea. Exciting120 words
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Page 12 Miscellaneous
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Miscellaneous60 1984-09-08 12 Outlook for today: Portly cloudy with showers in several areas in the late morning and eorly afternoon. Report for 24 hours prior to 7 30pm on Sep 7 at the airport Maximum temperature 30.7 Associated humidity 71 Minimum temperature 23.2 Associated humidity 94 Hours of sunshine 4.50 Rainfoll in millimetres60 words
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