The Business Times, 22 June 1985
1985-06-22
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The Business Times
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Title Section11 1985-06-22 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, JUNE 1185 60 CENTS11 words
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380 1985-06-22 1 LORETTA McLAUGHLAN - Draft Bill being circulated for comment By LORETTA McLAUGHLAN A DRAFT BILL to tighten up the securities industry in Singapore has been prepared by officials at the Attorney General's Chambers. The draft of the proposed Amendments to the Securities Act of 1973 has already380 words
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339 1985-06-22 1 A DROP of 13-3 per cent in exports during May has battered hopes that the encouraging April figures would herald an slump, disclosed in the trade figures for May, was the biggest month-on-month decline since 1982. The latest data from the339 words
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Article98 1985-06-22 1 AP MORE THAN 380 foreign ships are queueing and waiting to unload at China's ports because of warehouse and berth shortages, inadequate transport facilities and bad management. The China Daily said yesterday that the state will expedite harbour construction "to solve serious port congestion which isAP - 98 words
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Article296 1985-06-22 1 THE YEAR *****5 has been a high-flying year for national carrier Singapore Airlines. For the first time in three years, it achieved a commendable double-digit growth of 10.4 per cent in total capacity production. After-tax profits also grew to $145 million, an impressive296 words
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Article50 1985-06-22 1 THE daily volume of Eurodollar contracts traded on the Singapore International Monetary Exchange yesterday breached the 3,000 lots for the first time since its inception last year. A total of 3,207 lots were transacted yesterday, compared with the previous record of 2,796 lots on March 14.50 words
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Article, Illustration463 1985-06-22 1 ALVIN TAY - By ALVIN TAY TOTAL surplus income of the Post Office Savings Bank rose by 56.5 per cent to $100.3 million last year, putting the bank in the same league as the Big Four local hanks. It was also much better than the463 words
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Article, Illustration93 1985-06-22 1 VOLUME reached s 49-meeth lew an the angapsre staek market yesterday, with ealy M 4 mouse units warth $5.62 mifflea traded. The previses law was se Feb 26, 1162, when tamever was $.79 mlWea salts valaed at $14i! mllfisa Mast share prices finished slightly higher aad advances led93 words
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455 1985-06-22 1 LUCY NG - By LUCY NG PERHAPS it was all those holes that put off the customers. After all, when you are looking for a square meal, a round one with its middle missing might not look like the best value for money. Not that455 words
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196 1985-06-22 1 AP A HONGKONG magistrate court yesterday freed two executives of the Overseas Trust Bank, which has been taken over by the government, after the prosecution withdrew charges against the bankers. Yeoh Eng Hua, 40, and Tai Ming Shan, 36, both assistants to the OTB'sAP - 196 words
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Article45 1985-06-22 1 THE GOVERNMENT is acquiring land totalling 278,313 sq metres for general development. Of the total, 267,774 sq metres are located in Jurong while the rest of 10,539 sq metres are found in Siglap. The acquisition was announced in the government gazette last night.45 words
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Page 1 Advertisements
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Advertisement185 1985-06-22 1 ASIAPRINT '85 41h International Exhibition of Printing, Graphic Arts Equipment Supplies. JUNE 20-23 WTC S PORE 4E CLUB THAT NDS IN A CLASS OF ITS OWN ALL STAR POLARIS For woods, the heads are crafted from fine persimmon wood and dual weighted for consistent accuracy. The irons are cast in185 words
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Advertisement307 1985-06-22 1 wrn SHARE INFORMATION 10 CROSSWORDS 6 MONEY EXCHANGES 5 TV A RADIO 7 RAW MATERIALS 4 DOONEBBURY 3 OUR VIEW IS SINGAPORE o fun city to live in or a tough competitive place stretching its students and workers to the limit? Students debated the issue on TV this week and307 words
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Advertisement10 1985-06-22 1 Full report, Paos 10 Asian stocks, Pago IntJ stocks, Paga10 words
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Advertisement164 1985-06-22 1 I ftSIAPACK'BS BBS 4ft hntoinaNonal ExhMon Y mof Packaging MacNneiy 1 Material! And Food ProcsMlng Machinery JUNE 20-23 WTC STORE You donl need to have Special Qualifications to be a Director.... But you have to know your DUTIES and LIABILITIES y v <# < DIRECTORS' DUTIES AND LIABILITIES Cathmkm Tay,164 words
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HOME NEWS
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379 1985-06-22 2 LEE HAN SHIH - By LEE HAN SHIH MORE THAN $1 million went down the drain last year when new Housing and Development Board flat owners threw out perfectly good plastic water pipes and replaced them with galvanised iron pipes. Apart from the cost involved, the switch379 words
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93 1985-06-22 2 SINGAPORE GIRL has scored again, and taken Singapore Airlines to second place in a survey of airlines carried out by the international banking magazine Institutional Investor. The New York-based magazine polled 150 chief executive officers and senior bankers at corporations and banks in93 words
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208 1985-06-22 2 THE QUEST for a better and more varied diet was linked to growing demand for packaging machines yesterday. Mr Yasuzo Ishii, a Japanese consulting engineer on food machinery, said the increased demand for this machinery would encourage future development programmes. Speaking at a seminar yesterday208 words
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89 1985-06-22 2 THE SWISS Finance Minister, Dr Otto Stich, will arrive in Singapore tomorrow for a three-day unofficial visit. He will be accompanied by Mr Daniel Kaeser, director, federal finance administration. Dr Stitch will visit Minister for Trade and Industry, Dr Tony Tan, and Finance Minister Dr89 words
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250 1985-06-22 2 HOTEL STAFF will be smiling more often next month, and not necessarily because business is picking up. Rather, they will be promoting the courtesy campaign, with parades, skits, charity Jogs and courtesy spy hunts to herald the annual courtesy drive. The Pavilion Inter-Continen-tal250 words
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464 1985-06-22 2 USA LEE - By USA LEE THE Teo Teck Huat Group, developer of the Amara Hotel, is going ahead with its plan for a 148-unit apartment project in spite of the current slack market. And it has already found buyers for three units in a464 words
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246 1985-06-22 2 HIGH-RISE commercial complexes appear to be the most theft-prone buildings there were a total of 139 housebreaking cases in such places during the first four months of this year, compared with 51 over the same period last year. The 172-per-cent increase in the number246 words
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Article784 1985-06-22 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movamant Ship Voy Operator cargo achachria U Uni Fortune 004E 23.6.85 0030 G Asia F1 1100-1230 S3 Vira Bhum ION 23.6.85 0330 S'pore Shpg F1 0800-0830 N1 JC Korzenio 08 23.6.85 0400 Baltic F1 1000-1200/1400-1600784 words
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Page 2 Advertisements
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Advertisement491 1985-06-22 2 CS CREDIT SUISSE BALANCE SHEET AS PER 31 DECEMBER 1984 PROFIT AND LOSS ACCOUNT 1984 AUDITORS' REPORT As Auditors of your corporation we have examined, in accordance with Swiss law, the Annual Accounts for the year ended 31 December 1984. We confirm that the balance sheet and the profit and491 words
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OVERSEAS
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569 1985-06-22 3 NYT IN A HIGHLY unusual public controversy, Mr Paul Volcker, chairman of the Federal Reserve Board, chastised Mr Prestin Martin, the board's vicechairman, on Thursday for re- marks he made to reporters on Wednesday about the Third World debt situation. Mr Martin had suggestedNYT - 569 words
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266 1985-06-22 3 Reuter THE SECURITIES and Exchange Commission (SEC) has charged Price Waterhouse and Co with taking part in fraud and reporting violations in overstating AM International Inc's 1960 pre-tax operating results by at least US$22 million. In a civil complaint filed in the USReuter - 266 words
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497 1985-06-22 3 Reuter PRESIDENT Ronald Reagan's Star Wars weapons programme got a second chance for success I in space yesterday when an earth-based military laser takes aim on the space shuttle Discovery. The US space agency buni gled the first space testReuter - 497 words
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126 1985-06-22 3 FT THE HEADS of Israel's major banks, two former finance ministers, the governor of the Bank of Israel and his predecessor are among 16 leading financial figures warned by the Public Commission of Inquiry into the 1963 bank share crash that' they could be harmedFT - 126 words
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Article280 1985-06-22 3 UPI PRESIDENT Reagan, acting in a trade dispute that has raged on for nine years, slapped increased duties on imports of European pasta in retaliation against barriers to exports of US citrus. Mr Reagan, in a memorandum to US Trade Representative Clayton Yeutter, accusedUPI - 280 words
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Article111 1985-06-22 3 AFP INDIAN Law Minister Asoke Sen described a compensation offer by the Union Carbide Corp for the Bhopal chemical disaster in which more than 2,000 people died as a "fleabag offer", and accused the company of "inflexibility". Mr Sen, who met company officials in New YorkAFP - 111 words
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Article, Illustration613 1985-06-22 3 FIVE American hijack hostages, brought to a news conference on Thursday, said they feared any military rescue attempt and beseeched the US not to attempt one. They said they were well and did not believe their Shi'ite Muslim captors either intended orAP photo - 613 words
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Article102 1985-06-22 3 AFP AMERICAN hostages from the Trans World Airlines Jet hijacked to Beirut are being held in four areas of the Lebanese capital controlled by the Amal Shi'ite militia. The Kuwaiti newspaper AlWatan yesterday identified the four areas, and the local Amal commanders, as: Bourj Al-Mor,AFP - 102 words
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237 1985-06-22 3 Reuter ANGERED by the killing of six US citizens in El Salvador, President Ronald Reagan has warned terrorists around the world that the US has reached the breaking point. Mr Reagan, who has been rebuffed in his attempts to break the stalemate in theReuter - 237 words
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265 1985-06-22 3 Reuter NINE OF the top 10 US defence contractors are under investigation by the Defence Department for a variety of violations, Representative John Dingell, Democrat for Michigan, says. Mr Dingell, chairman of the House oversight and investigations subcommittee, released a report sent toReuter - 265 words
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Article38 1985-06-22 3 Reuter THE PENTAGON awarded major contracts to three defence companies totalling U*****.7 ipillion, including $324.2 million to McDonnell Douglas Corp for F-18A aircraft weapon systems. The other two companies are Litton Systems and Raytheon Co. ReuterReuter - 38 words
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278 1985-06-22 3 Reuter PROBLEMS which threaten to squeeze state revenues have become a major concern of China's leaders and, unless they are resolved, they could strangle the growth sparked by Deng Xiaoping's reforms, Western economists say. Finance Minister Wang Bingqian has said the problem centresReuter - 278 words
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Article705 1985-06-22 3 ARRIVALS Operator Sanrico Local tMM From PAA SV CAL S1A MK CV MAS KAL MAS MAS MAS AC CAL MAS RBA SIA CPA GIA SIA THAI SIA MAS GIA SIA MAS PA21 SV379 C1333 SQ41 MK746 CV796 MH681 KE624 MH603 MH671 MH811 AC858 G806 MH7331 BM21 SQ103705 words
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451 1985-06-22 4 Reuter THE GROUP OF 10 ministers has endorsed unchanged the report on international monetary reform prepared by their deputies. Monetary officials leaving the group's conference in Tokyo yesterday said: "This demonstrates that they have not made any progress. They agree the present systemReuter - 451 words
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314 1985-06-22 4 NYT WESTERN COUNTRIES and Japan should make an effort to reach a consensus on their sharply diverging concepts of free trade, said Mr Daniel Goeudevert, the head of the Ford motor concern in West Germany. The French chief executive of Ford-Werke said yesterdayNYT - 314 words
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Article191 1985-06-22 4 AP THE AMERICAN government has said that it would like top science officials from around the world to meet to consider how to create new jobs in Europe. "Over the past 15 years, we in the US have created 26 million new jobs, while the EuropeansAP - 191 words
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Article129 1985-06-22 4 Reuter ADVANCES in medical laser technology could reduce and might ultimately eliminate the need for heart bypass surgery. Surgeons at the Texas Heart Institute said yesterday that these were the initial results of the first clinical trial in the US of a laser to removeReuter - 129 words
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293 1985-06-22 4 AFP JAPAN will overtake the US by the end of this year as the world's leading producer of semiconductors, industry analysts predicted. The latest forecast comes less than a week after the American Semiconductor Industry Association filed a complaint with theAFP - 293 words
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488 1985-06-22 4 AFP SOUTH KOREAN media yesterday slammed Japan on the eve of the 20th anniversary of the two countries' normalisation of ties, charging Tokyo with doing nothing to remedy a chronic trade imbalance. Twenty years ago on June 22, the foreign ministers of JapanAFP - 488 words
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WORLD IN BRIEF
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Article68 1985-06-22 4 WORLD economic growth will slow to an estimated 3.4 per cent this year, down from 4.3 per cent last year. In a summary of its world agriculture outlook and situation report, the US Agriculture Department said growth in the industrialised countries may fall to 3.1 per cent68 words
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Article37 1985-06-22 4 JAPAN and Asean will meet in Tokyo from June 27 to 28 for their second economic ministerial conference. Tokyo officials said yesterday that Asean has pressed Japan to boost imports of foodstuffs by reducing tariffs.37 words
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Article55 1985-06-22 4 THE TURKISH terrorist who shot Pope John Paul n said he i sborn iiv hoped for support from the Reagan administration and US citizenship after he linked Bulgaria to the plot against the Pontiff. Mehmet Ali Agca also hinted on Thursday that he had been in contact with55 words
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Article66 1985-06-22 4 MOST Philippine city police forces are so short of money that they have to ration their patrol cars to three litres of fuel a day. Deputy Defence Minister Teodulo Natividad has called for an increase of one billion pesos in the 1.5-billian peso police budget. He66 words
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Article11 1985-06-22 4 RAPISTS convicted of murdering their victims would be re-11 words
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Article38 1985-06-22 4 turned to the scene of their crime an& pdtft%:ly executed squad under a draft BUT submitted for consider-" ation by the Thai Parliament The proposal was endorsed on Thursday by 25 lawmakers of the Cfcari T *haf. Party.38 words
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Article35 1985-06-22 4 NEPALESE police troops trolled the streets yesterday after six people, including a Member of Parliament, were slain and at least 16 wounded in a series of bomb explosions in the capital, authorities said.35 words
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Article31 1985-06-22 4 Agencies POLISH Foreign Minister Stefan Olszewski hinted strongly on Thursday that an appeals court may overturn the recent conviction of three Solidarity leaders in Poland, said Italian sources. AgenciesAgencies - 31 words
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Page 3 Advertisements
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Page 3 Miscellaneous
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Miscellaneous87 1985-06-22 3 Doonesbury NO.SIR, ITS PALM PASS CARP? BEACH. ALL HOTEL OFFICER, ANP POMESTICEM--IHI9 t9TT PUJIEeSMUST PRETORIA. CARRY LP/s. rj 50? THAT'S THEIR PROBLEM. NO, SIR, ITS YOURS. IF YOU PONT HAVE AN LP, THEN I'LL HAVE TO ARREST YOU FOR LOITERING. A m <5 I 5^ i A BY GARRY TRUDEAU87 words
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RAW MATERIALS
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Article143 1985-06-22 4 Chinese Produce Robusta 20/25% 484.00 Exchange FOB NSW (Sellers' noon dosing pri Juno 21. S$/100 kg). cos on Nutmeg 110 FOB NSW 421.00 E&W FOB NSW 272.00 Coconut oil Bulk FOB OM drum FOB 117.00 130.00 Gambier FOB NSW 330.00 Now drum FOB 134 00 Copra London Commodity143 words
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Article280 1985-06-22 4 Singapore C-l Ord unq (S$/kilo, ex-godown) Loonzain Rice Fragrant new crop list 0.82 12nd 0.62 100% 1st grade 100% 2nd grade 100% 3rd grade 3? unq 3rd 0.60 Parboiled Rice New Crop no stock 5% 227 25% 10% 222 10% no stock Thai Broken Maize unq A-super Special 0.54280 words
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Article156 1985-06-22 4 Yarn (In HK$ per bol* of 400 lb) Chino carded yarn, cones Blue Phoerux )6's 2,550 Blue Phoenix 20*$ 2,650 Blue Phoenix 32's 3,100 Blue Phoenix 40's 3,450 Carded yarn, hank Blue Phoenix 21's 2,900 Combed yarn, cones Blue Phoenix 32'$ 4,200 Blue Phoenix 4Cs 4,400 Open-end yarn 2,400156 words
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Article89 1985-06-22 4 TOKYO Futures yesterday closed up 0.3 to 1.8 yen on smalllot speculative buying centred in nearbys generated by a fall in domestic crude rubber stocks. But trading was light with many participants shifting to alternative markets due to the recent slow market activity at home and abroad. Spot June89 words
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Article173 1985-06-22 4 SOYBEAN futures closed eight to 3V* cents a bushel lower, with spot July losing eight cents at US$5.7l Vt in active late trade on Thursday on the Chicago Borad of Trade. Selling in July continued on trade talk that a large commercial may deliver two million bushels of soybeans173 words
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Article185 1985-06-22 4 WHEAT futures climbed after midsession on Thursday to close 3 Vi to V* cents a bushel in light trade on the Chicago Board of Trade. July through December firmed on commercial buying, and some believed trade talk of possible Chinese purchases of US soft red wheat encouraged buying. Cargill,185 words
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179 1985-06-22 4 THE WORLD'S supplies of sugar will set a record at 50 per cent more than normal needs at the end of this season. The US Agriculture Department, in a sugar and sweeteners outlook summary, estimated sugar stocks at the end of 1964-85 will be 43.5179 words
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Article1315 1985-06-22 4 COFFEE ROBUSTA coffee futures yesterday reversed morning losses to end £2 to £5/tonne up from Thursday night's close at midday on marginally weaker sterling against the dollar and preweekend short- covering. The market opened easier in line with expectations following New York's weaker close and with no fresh1,315 words
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BANKINGA AND FINANCE
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Article675 1985-06-22 5 SINGAPORE THE US dollar yesterday closed higher against most major currencies after fluctuating within a narrow range in moderate trading, dealers said. The dollar opened slightly firmer on commercial buying, then lost its early gains around mid-day on profit-taking before rising again in late afternoon trading on European675 words
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Article63 1985-06-22 5 THE OVERNIGHT rate on the Singapore interbank money murkat fall to «point frofl^ Wednesday to close at 5% percent yestydayf C The fine anf two month both fell 1/16 .points while the threemonth rate remained unchanged. S$ Interbank rates at 3pm yesterday: OHf Bid Over ,4. r»ght 463 words
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Article, Illustration267 1985-06-22 5 Asian market ASIAN dollar deposit rates yesterday closed sharply firmer compared with Wednesday's close in light trading. Dealers said rates were underpinned by news of a 3.1 per cent rise in flash forecast of second quarter GNP growth, a large US$4.B billion increase in latest US M-l money supply and267 words
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Article225 1985-06-22 5 Interbank rates at 3pm yesterday: Cwfwwiw Nomina 1 rate* Smithaooian croaa parity change Local dollars to on* unit of foreign currency: US dollar ***** ***** 2 8196 -2073 Sterling pound ***** ***** 7 3469 -6115 Australian dollar 1 4907 1.4936 ***** -56 52 NZ dollar 1 0426 1.0453225 words
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Article462 1985-06-22 5 BA Futures Inc THE LARGER than expected increase in GNP and money supply yesterday cast a bearish tone at Simex opening with the September Earadallar gapping lower at 91.91. Large selling pressure from American houses saw the contract quickly pushed down to 91.86. The market was well supported atBA Futures Inc - 462 words
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Article269 1985-06-22 5 HONGKONG: The metal yesterday rose in fairly active trading supported by short-covering by local bullion houses. The metal ended at U*****.40/90 an ounce compared with $313.40/90 in New York and $321.80/322.30 here on Thursday. The recent fluctuation in gold prices appears to have attracted more participants to the market269 words
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361 1985-06-22 5 Reuter THE Bank of England stands by its decision to rescue Johnson Matthey Bankers Ltd (JMB) last October, although the rescue raised questions about the present system of banking supervision. Chancellor of the Exchequer Nigel Lawson said yesterday that the bankReuter - 361 words
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Page 5 Advertisements
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Advertisement1552 1985-06-22 5 MJm FAR EAST FINANCE ORGANIZATION LIMITED AND ITS SUBSIDIARY COMPANY (Incorporated in the Republic of Singapore) The Group BALANCE SHEET A 8 AT 318T DECEMBER 1964 TIM Company I SHARE CAPITAL CAPITAL RESERVE Surplus on disposal of fixed assets STATUTORY RESERVE UNAPPROPRIATED PROFIT SHARE CAPITAL AND RESERVES LONG-TERM UABUTCS Deposits1,552 words
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TIME-OFF
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Article522 1985-06-22 6 THE PROPOSITION: "Singapore is a fun city to live in". Putting the motion Raffles Junior College, against Anglo-Chinese School. Viewers of Channel 12 on Thursday evening could hardly fail to have been impressed by the fluency, occasional flashes of wit, and the arguments of522 words
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Article37 1985-06-22 6 IN YESTERDAY'S leader, we referred to "a former attorney-general" as among the lawyers charged with professional misconduct. It should have read "a former solicitor-general". We regret the error and apologise for any inconvenience or embarrassment caused.37 words
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Article, Illustration752 1985-06-22 6 LIM SOON NEO - Entrepreneurs figure that Santaworld would be a surefire tourist draw By LIM SOON NEO ALFRED NOBEL and the scenic fjords, mountains and lakes of the Nordic countries are well-known enough but perhaps not enough to draw tourists the world over to make a trip752 words
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Article404 1985-06-22 6 A BIG SURPRISE awaited one father last weekend. It was Father's Day, so his daughters thought it would be nice to polish his car. Being more used to the kitchen, the girls thought that what made pots and pans shiny would do the same for cars.404 words
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Article1067 1985-06-22 6 What's on from June 22-28 BENTOBA: Picture Contest. Amateur photographers invited to walk round the island and take pictures. Models and special programmes wiH be organised at certain points. AH entries must be taken on Kodak paper and sent to Kodak. Details call Sentosa Development Corporation at *****88. Other1,067 words
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Article, Illustration163 1985-06-22 6 GET the "single heaviest catch" and ths "laroest quantity catch" at ma Sentoea Swimming Lagoon tomorrow. Tha titles go to tha two fisharman who managa to do justica to tha kind and amount of fish caught at tha aighth Tuning comp#iiiion orginitta by tha Santoaa163 words
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Page 6 Miscellaneous
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Miscellaneous805 1985-06-22 6 CRYPTIC PUZZLE ACROSS 8 When the fin'* broken, the whole interior colopses (5, 2) 9 Bearing the strange title "Lone CMd" (6, 3) 13 For a beginner the boy is gome (5) 14 When caught in the crush, hurry (5) 15 As a result, there's an emergence (7) 16 Writes805 words
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SPORTS
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Article, Illustration613 1985-06-22 7 ANNA TEO - By ANNA TEO A BARRACUDA and a dolphin bring up the Singapore challenge tomorrow for an international title against a line-up of dragons from seven countries. Rest assured the Republic's duo will meet the dragons on equal footing at the Singapore Dragon Boat613 words
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241 1985-06-22 7 Reuter GILDORAN, immaculately ridden by Australian jockey Brent Thomson, led from pillar to post' and then hung on grimly in a photo finish to land the Ascot Gold Cup on Thursday for the second year in a row. Gildoran, who beat Longboat byReuter - 241 words
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Article, Illustration559 1985-06-22 7 BRIAN MILLER - By BRIAN MILLER THEY'RE beginning to call him the year's most profitable jockey and they're hardly off the mark. After all, Ismadi Ismail's riding record speaks for himself and the fact that he's leading the field in the559 words
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347 1985-06-22 7 AP ARNOLD PALMER, refreshed by a two-week rest, used strong approach shots to register a 5-under-par 67 on Thursday for a one-stroke lead over Don January in the first round of the U*****,000 Senior Tournament Players Championship in Beachwood, Ohio. Palmer, theAP - 347 words
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Article, Illustration473 1985-06-22 7 AP MARTINA NAVRATILOVA survived a torrid tie-break battle and a warning from the umpire before she beat Bettina Bunge 7-6 (13-11), 6-3 to advance to the semi-final of the US$l5O,OOO Eastbourne women's grass court tennis championships on Thursday. At a crucial stage in the tiebreakAP - 473 words
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Article54 1985-06-22 7 AP TONY SILLS, who has undergone surgery five times, birdied the first three holes on Thursday en route to a 7-under-par 65 that gave him the first-round lead in the US$5OO,OOO Georgia-Pacific Atlanta Golf Classic. "I got off to a good start and that was theAP - 54 words
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252 1985-06-22 7 THANKS to $350,000 from Kentucky Fried Chicken, table tennis fans here will get to see some of the world's best players in action, including possibly reigning world champkm, Jiang Jialiang from China, as well as Cao Yan Hua and Dai Lili,252 words
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Article202 1985-06-22 7 AFP SANDY LYLE, one of Britain's most respected golf professionals, was humiliated by the wild winds and driving rain which lashed the Irish Open championship in Dublin on Thursday. The 27-year-old Anglo-Scot, twice the top money-winner in Europe, could not face the prospect ofAFP - 202 words
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Page 7 Miscellaneous
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Miscellaneous1058 1985-06-22 7 to to mm 5: Lovaty Valerie Bartinelli smiling adoringly at Tad Waaa in I Was A Mail Ordar Brida. SATURDAY MATINEE I Waa A Mail Ordar Brida pm, Channel 5 This is a light-hearted movie featuring two actors graduating from sit-com status Ted Wass, a bartender on the highly rated1,058 words
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Miscellaneous29 1985-06-22 7 BliSteW: Frank Dicfceas E>R\stow OR»N< NO-iR ~VLP\ \'m Ufv it,njG fo«- ncx;R cup r DGiNK- IT uF; I Sfvy J f OWN* NOL>K NO THfM4KS l DOrtT U\K€. IT29 words
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INTERNATIONAL STOCKS
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302 1985-06-22 8 Reuter FORD MOTOR CO is still interested in acquisitions to diversify its car business, but hostile takeovers are "not Ford's style", chairman Donald Petersen said. Mr Petersen was responding to rumours that Ford might be interested in acquiring Texas Instruments Corp. Analysts saidReuter - 302 words
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195 1985-06-22 8 Reuter ARTHUR BELL Sons PLC does not need a "White Knight" to fend off the hostile bid from Guinness PLC nor has it received any counter offers. Chairman Raymond Miquel said: "There is absolutely no merit to this bid in management or marketingReuter - 195 words
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357 1985-06-22 8 Reuter WALL STREET stock prices closed mixed in active trading on Thursday. The Dow Jones Industrial Average gained 2.35 to 1299.73. The New York Stock Exchange Index rose 0.01 to 108.46. The average price per share was unchanged. Falls led advances by 800 toReuter - 357 words
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Article133 1985-06-22 8 JUNC 20 a IBM 33* Imp CM 47* Afcrtfa AJcon Inco kit Prov ftp« 17* 41* 22* Argowl hldgs 18* unch 20 29* uncti Bonk Nova Scotia B«l Canada 13* 43* unch Mc Bkxtt 22* 16* -H BP Can Ltd 32* 26* Broscan 28* Nwflfwto Can Imp Bk 35*133 words
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Article206 1985-06-22 8 JUNE 20 UriMc 505 5 INDUSTRIALS 1600 50 MMGS A Alpha 900 L»ich 2855 -70 Abarcom A£ And a >65 110 480 5 unch >5 ■yyoors 9200B 1310 100 -20 A^r* 2850 25 Buff ah 4410 5 1190 -25 ***** C G SnMh 1215 15 CNA 270 LVKh 1050206 words
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Article664 1985-06-22 8 JUNE 20 US$ Akon Alumn Alcoa Aletfieny Lud AM Cham Cp AM Storat Afe-Chokners Am Brands he Am Broodcast Am Can Co Am Cyanamd Am Bac Par Am Express Am Horn* Prod Am Mot on Cp Am Notural Got Am Tel 4 Tel Amax he Amerodo Hess AA¥664 words
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Article651 1985-06-22 8 Amsterdam JUNi 20 Fh ABM 457 50 -1.5 98 50 -0.7 Ahold 229 50 -0.5 107 30 -0 1 amev 247 00 -2 Anrfot Amro Bark 79 00 -I 34 80 -0 7 Bah 9780 -2.2 340 00 unch Boikafa Bur Taf 89.20 -0.8 35.50 -I.I 464.00 -2651 words
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102 1985-06-22 8 Reuter BROKERS seeking delays in the London Stock Exchange's reform programme gained no seats on the exchange's ruling council at elections held on Thursday. Results published by the exchange showed that brokers voted to fill 13 vacancies, with 16 candidates laohwwe from.Reuter - 102 words
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Page 8 Advertisements
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Advertisement25 1985-06-22 8 W&ats wimm mm r iHP Z v- r# 1 i 1 gr 2 rV i tea, high fashion... at Orchard Hold Singapore. 0 I >) I25 words
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Advertisement161 1985-06-22 8 *<*• Monday, Tuesday, Wednesday... hmm, just like Mum's cooking Welcome to our daily special dish! It's local. It's mouth-watering. It's super value for your money. Monday is our Hokkien Prawn Mee Soup-day. On Tuesday well, we won't spoil the surprise. The table's set for you. See you at our Scotts161 words
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Advertisement36 1985-06-22 8 d 0 Time: 12 noon 2.30 pm Price: $12.00~ Fashion Show: 1.15 pm Models by: ffM/l/QIOA Modeling Agency lOK RESERVATIONS, CALL *****11 EXT. 127. ioi i nit Hotel Royal Newton Road, Singapore 1130. Republic of Singapore.36 words
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Advertisement139 1985-06-22 8 10$ TT h 0 0 ce Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmetL Special business lunch at $16 +f each and $20 each (min. 2 persons). Over 50 a la carte specialities are also available. FURAMA SINGAPORE HOTEL 10139 words
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Advertisement109 1985-06-22 8 London stocks on pago 11. Trm rn c y EEX v- N X H M Lounge Enjoy the worWs>ftnest wine, while you relax ih the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet Body M Soul from the Philippines. They'll captivate you! Happy Hours: Spa109 words
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ASIAN STOCKS
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Article296 1985-06-22 9 HONGKONG: Share prices closed sharply higher yesterday on late heavy buying by overseas institutions. Brokers said US investors, bargain hunting blue* chips, were the major buying for«LHighly liquid JocaF Investment funds also supported the advance which pushed the Hang Seng Index 18.96 points higher to l#Ll3. Turnover fell to296 words
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Article197 1985-06-22 9 JUNE 21 NT 1 84 •0 09 Lian Hwo Indus Nan Ya Ptas 11.50 26.70 17.40 0.25 unch 0.2 Alio Camant Cothoy Cora Chang Hwa Bank 23.80 24.30 48.80 19 X urtch unch +0.2 *02 Podfie Elact Wira Pootung Papar 14.50 1.10 16.40 +0.2 -0.9 unch Ova Hwt Cmmarrf197 words
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Article381 1985-06-22 9 TOKYO: Share prices ended lower in moderate trading yesterday on firmer US interest rates and yen weakness against the dollar prompted by the higher-than-ex-pected flash estimate of US GNP for the second quarter. The market average lost 43.21 to 12,634.76 on volume of 450 million shares against 680 million381 words
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Article91 1985-06-22 9 MANILA: Share prices maintained a downward trend in continued dull trading yesterday. The Commercial A Industrial Index eased 0.23 to 126.83 and the Mines Index was down 0.96 at 656.16. The Oils Index was unchanged at 0.759. MntNl Orwrtal B Phiax B 0.013 0.12 unch +0.005 Angpo Phi Ap*x91 words
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Article411 1985-06-22 9 SYDNEY: Share markets closed marginally firmer yesterday, with weakness in the resource sector offset by healthy trading on the industrials board. At the close, the All Ordinaries Index had added 0.3 points to 854.3 and the All Industrials Index firmed 6.6 to 1231.5. The All Resources Index lost 4.2411 words
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Article72 1985-06-22 9 JUNE 21 Wan 649 J ttyundol Corot r,: tlntn* rtyTjrvjOi finOTSm......KAL. 910 7W 489 inch 8 14 OiohaungBk 630 +5 Koran FM 672 -10 14 -4 Commercial Bk 656 460 +2 4-1 Yukon#. 434 475 •2 Lucky Ltd 645 uncti 600 i*>ch -10 695 -5 499 800 12 59172 words
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Article149 1985-06-22 9 BANGKOK: Share prices closed higher in moderate trading yesterday. The Book Club Index rose 0.84 point to 140.87 and advances led declines by more than a three-to-one margin. Turnover stood at 277,590 shares compared with Thursday's 408,604 shares. JUM 21 1 Aokham Thai Alia Ftn ArurSava In* Bangkok Agro-kid149 words
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Article64 1985-06-22 9 Reuter MIM HOLDINGS LTD has sold its 8 per cent stake in groups one and three of oil exploration permit ATP269 and in the Bodalla South Oil Field in South-west Queensland to other joint venture participants. But it would retain its 10 per centReuter - 64 words
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258 1985-06-22 9 FT SONY, the consumer electronics concern, has become the first Japanese company to announce plans to manufacture both compact disc (CD) players and 8-mm video parts outside Japan. The company said its French subsidiary, Song France S A, would build aFT - 258 words
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163 1985-06-22 9 Reuter RCA CORP said it and Sharp Corp would build a US$2OO million plant in Camas, Washington, which would design and make advanced integrated circuits (ICs) for many types of electronic equipment. RCA has a 51 per cent equity in the joint ventureReuter - 163 words
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Article87 1985-06-22 9 Reuter STATE-OWNED Taiwan Power Co will build a US$47B million, 2.2-mil-lion kw coal-fired power plant, following a decision to shelve plans for a fourth nuclear power plant. A company spokesman said yesterday that the plant would have four 550,000-kw generators. Construction is scheduled toReuter - 87 words
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229 1985-06-22 9 AFP THE OWNER of Kunnan Enterprise Ltd, said to be the world's largest graphite tennis racket supplier, yesterday denied his company was in financial trouble. Lo Kuang-Nan said Kunnan Enterprise, which made sports goods with the Kennex brand, had been operating normally. "There is noAFP - 229 words
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Article92 1985-06-22 9 AFP NEW ZEALAND Steel Development Ltd is to issue US$lOO million bonds under an agreement signed with a syndicate of Japanese financial institutions. These will be the first Samurai bonds, a yen-denominated bond issued by non-Japanese botiuwas on the Japanese market, guaran- teed byAFP - 92 words
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Page 9 Advertisements
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Advertisement158 1985-06-22 9 <;*S'vt® «f Mmwmsm ??■s* Vi r i£- i FOR FURTHER INFORMATION CALL <#•* 9G *S0 l Is ifi? Mm w*s VS*/* > ■•Live wire Gina Ler and her band Skorpio return to the lON BAR with more high-energy rock and: rpH,. patch her show every night. Also. CAMBODIA A 6-ptece158 words
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Advertisement250 1985-06-22 9 Up the staircase at Ihe Century Parte Sheiaton. Follow the sweep of the curving staircase of the Century Park Sheraton and you'll find yourself at the Black Velvet Gold. It's a discotheque with hot sounds and cootdtfnks. an exceptional laser light show, and the sort of clientele who stay until250 words
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Advertisement163 1985-06-22 9 (<►> /y/ <$•' m V J \s» Jk New plush interiors which conjure up an entirely different atmosphere. Plus our warm hospitality and a menu of local and continental favourites that aims to please you... 24 hours a day. Daily Set Lunch (Local* Western) Each day, a local favourite is163 words
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Advertisement68 1985-06-22 9 #7r x. From English afternoon teas of not scones and strawberry jam, to evening cocktails. Then dance to the music of Juliana's of London. Linger. The mood is... Distinctively Hilton in Style. WiONMTHtfMTIONAb BMGAPORB I Dine in the grand tradition of emperors >7X Where sumptuous meals are prepared by masters68 words
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Advertisement74 1985-06-22 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL LOIXGL With Ramon D New Blackjacks Happy Hours: spm 7pm With Sunny and Stamford X For reservations please call 734 6622 MIHWf/. MOTSt, 19, Cairnhill Circle, Singapore 0922 r m ™l r Our Chefs Recommendation: Deep sivert>a'' -\r iv Lunch Speciality Dian74 words
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SHARE INFORMATION
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Article3444 1985-06-22 10 It High K Low Company Last tela crOft Dhf Dhr CVr Qr*a YTd Nat P/E Vol (•000) Oaf High Lew SECTION ONE INDUSTRIAL COMMERCIAL 185 146 270 134 195 152* 188 200 428 462 204 530 244 370 336 282 865 340 110 276 270 565 157 340 380 2523,444 words
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Article, Illustration671 1985-06-22 10 TURNOVER on the Singapore stock market hit a 40month low yesterday although share prices closed marginally higher. Total volume amounted to 3.54 million units worth $6.32 million, beating the previous low recorded on Feb 26, 1962. when 3.79 million units changed hands.671 words
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Article149 1985-06-22 10 SINGAPORE Rises Indices Botv Laitv Kaatacfcy S 0 U f Ml Yaaf 6 1 HUf> •a Pari 690 270 272 212 212 25 +9 rr Ciwpmn ■Tiadkatar Jaa 19 Jaa 21 690.23 #W.37 *****84 *****05 7 ♦6 ♦6 rro8/os STIn*..lii«h ST i ii -*73 782.36 2266J1 813.36149 words
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Article2213 1985-06-22 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of sttarM taaded shown in bracket* in lots of'lJXXi HOMs unless otherwise specHirt ATI Time Settlement' Contracts tre quoted after the word 'Sll'V Big2,213 words
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Article447 1985-06-22 10 CK TANG LIMITED: Twenty-fifth AGlTit 310 TW1 Orrtoffd Road, Singar pore 0923 today at 10.30 am. SING INVESTMENTS FINANCE United: AGM at 24-25, South Canal Road, Singapore 0104 today at 10.3K) am. BOLTON PROPERTIES Betted: AGM at Room 502, 5th Floor, Campbell Complex, 96, Jalan Dang Wangi, Kuala447 words
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COMPANY NEWS
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Article, Illustration315 1985-06-22 11 CHART Pill NT HOCK LOCK SIEW THE LAST TIME I reviewed the technical picture at United Overseas Land (Sep 15, 1984), its share price was trading at $2.66 anH looking as. if it was starting to top out. "The counter is now at a major crossroadsHOCK LOCK SIEW - 315 words
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285 1985-06-22 11 DIRECTORS of Overseas Union Bank have forecast little change in this year's profits. They said earnings of the bank and the group for the current financial year ending Dec 31 "will not be significantly different from that of the previous285 words
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Article917 1985-06-22 11 SHARE PRICES closed lower in quiet trading for want of support and showed little or no reaction to the 1.1 per cent rise in UK first quarter gross domestic product on an output basis, or to the rise of about 0.5 per cent in the Index of May917 words
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340 1985-06-22 11 THE WIDE disparity in stamp duty and land tax rates charged by some authorities in Australian states has resulted in the Jack Chia group of companies losing out on a As3o million property sale deal. The differences340 words
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Article, Illustration517 1985-06-22 11 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN THE MAJOR report on Singapore's shiprepair industry, commissioned by the Sembawang and Keppel groups, is expected to be completed within two months. The report is being prei ~/ed by a leading US management consultant, now revealed as McKinsey Co. Three517 words
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Article38 1985-06-22 11 PET AUNG TIN BHD: Group operating pre-tax profits of M 5171,000 ($2.09 million) for the six months ended April 30, 1985. After depreciation and tax, estimated profits amounted to $399,000 ($1.57 million). No interim dividend was announced.38 words
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422 1985-06-22 11 CHAN OI CHEE - By CHAN OI CHEE SUBSTANTIAL reduction in trading lo6ses during the second half has arrested International Wood Productß's slide into the red. For the full year to Feb 28, 1965, the group suffered a lower operating loss of $5.63 million (against $5.87 million422 words
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Article95 1985-06-22 11 HONGKONG Thursday 1225.5 Week ago 1216.2 Hong Song Index Friday 1561.13 NEW YORK Thursday 1542.15 Week ago 1441.97 Dow Jones TOKYO Thursday 1299.73 Wednesday 1297.38 Tokyo Dow Jones Week ago 1290.10 Friday *****.76 Standard Poors Thursday *****97 Week, ago *****.25 Thursday 186.73 Wednesday 186.63 TSE Index Week ago95 words
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Article224 1985-06-22 11 Monogers' pricts for Jum 22 24 MARA-Bumiputrs First B'putra 5.06 5.11 Second B'putra 4.60 4.65 THrd B'putra 3.79 *3.84 Fourth B'putra 4.28 *4.33 Fifth B'putra 2.84 2.89 Sixth Bputra 2.89 2.94 S*v*nth B'putra (A) 1.76 1.81 S*v*nth B'putra <B) 3 75 3.80 Eighth B'putra (B) 3.41 3 46224 words
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147 1985-06-22 11 SHARE CERTIFICATES of Tong Meng Industries issued before June 20, 1974 are no longer valid for delivery for stock exchange purposes. Two months ago the company started to recall a portion of its outstanding scrip in a bid to clean up147 words
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Page 11 Advertisements
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Advertisement311 1985-06-22 11 NOTICES IN THE MATTES OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTES OF MING SENG HOLDINGS (PTE) LIMITED (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY At an Extraordinary General Meeting o( MING SENG HOLDINGS (PTE) LIMITED duly counted and held at 18A North Canal Road, Singapore 0104 on Friday tMe311 words
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Advertisement10 1985-06-22 11 cm =7 kThe World's No.l Newsmagazine Read TIME and understand.10 words
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708 1985-06-22 12 LEE HAN SHIH - Survey shows newcomers face job-hunting problems By LEE HAN SHIH EXPERIENCE is going to become the most valuable qualification for those seeking jobs in the computer industry. For a survey of the industry released yesterday warns that newcomers are going to find it hard to708 words
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Article, Illustration40 1985-06-22 12 Passers-by in London examine a 1930 Rolls Roycs outsids Bothoby's auction rooms on Thursday. Tho car, formerly owned by the lata Earl Mountbatten of Burma, is to be auctioned next week. Router photo Reuter photoReuter photo - 40 words
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352 1985-06-22 12 JEFFREY TSANG - By JEFFREY TSANG INTERVENTION by the government in the life insurance industry was described as unfair competition last night by the president of the Life Underwriters Association (LUA). Mr Wee Tiong Howe told reporters that the role of the government in providing352 words
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274 1985-06-22 12 TWO JAPANESE BANKS have muscled their way close to the top of a list of the world's 300 largest banks published by the American Institutional Investor magazine. Citicorp was again top, but Japan's Dai-Ichi Kangyo Bank and Fuji Bank overtook Bank of274 words
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363 1985-06-22 12 MORE THAN 100 tenants of Parkway Parade will close shop on June 24 and 25, in another attempt to force the management to reduce rents, and to protest against its "high-hand-ed" tactics against them. Mr Robert Chiu, chairman of Parkway Parade tenants' representatives group, said363 words
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288 1985-06-22 12 FROM MONDAY, the Medisave Scheme will be extended to cover hospital bills incurred at the National University Hospital (NUH.) A Ministry of Health statement said that the scale of withdrawals would be the same as those applied to government hospitals. The NUH288 words
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313 1985-06-22 12 JAIME LYE - By JAIME LYE A DOUBLE ROUND of crucial t«ura on proposed extensions to Singapore Airlines' network will take place next week. A Singapore government team, led by the Ministry of Communications, will hold talks in Washington on Monday and Tuesday on SlA's313 words
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116 1985-06-22 12 AFP A COURT in Osaka yesterday ordered the immediate seizure of the assets of Toyota Shoji Co, which is under police investigation for allegedly swindling millions of dollars through fraudulent gold sales. The Osaka District Court gave the order only hours after aAFP - 116 words
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Article64 1985-06-22 12 Reuter THE New York stock market slipped lower in early trading yesterday, with investors concerned that a firmer economy could halt the trend to lower interest rates. The Dow Jones Industrial Average was down two points to 1296. Declines led advances by a two-one margin on turnoverReuter - 64 words
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LATE FILE
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41 1985-06-22 12 Reuter BRITAIN'S inflation, measured by the GDP deflator at factor cost, rose 13 per cent In the first quarter of this year, the largest quarterly increase in almost three years, said the Central Statistical Office yesterday.Reuter - 41 words
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Article42 1985-06-22 12 ABOUT 80 per cent of the Bank Bumiputra's branch managers have been replaced under a major restructuring exercise announced early this month. Some of them were compelled to resign or placed on "indefinite leave," said a source yesterday.42 words
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59 1985-06-22 12 Kyodo A LAWYER in the Aquino trial, Mr Lupiono Lazaro, was yesterday fined 500 pesos for contempt for saying that the court's decision to put General Fabian Ver and the other 25 military men under military custody "has eroded the people's faith in its willingnessKyodo - 59 words
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39 1985-06-22 12 AP TtPANESBPHme «ftrifter Yasuhiro Nakasone yesterday recommended acrtwi board 20-per cent tariff cut* cp 3,400 agricultural and industn*Jl£qp as part of the govecpn*?h£'9-'' "action programme" 'wye tify Japan's huge trade surpluses. APAP - 39 words
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Article43 1985-06-22 12 Reuter BRITISH Members of Parliament, bored by long debates, have devised a new way to stay awake in the chamber watching cricket on pocket television sets, Opposition Labour parliamentarian Brian Sedgemore told die House of Commons yesterday. ReuterReuter - 43 words
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Page 12 Advertisements
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Advertisement329 1985-06-22 12 Can you read 2,000 magazines and 500 books and still find time "gV r,u .j|b SJM*"" Q3?"" to manage? To get at the best in management sen ted to you in easy-to-read, conreading and keep up your profes- densed form, sional self-development, you'd have The 70,000 executives in Asia who329 words
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Page 12 Miscellaneous
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Miscellaneous40 1985-06-22 12 "WW wiwwi Outlook for today: Foir. Report for 24 hours prior to 7.90pm on June 21 at th* airport: Maximum tamporoturo 32.5 Anociotod humidity 59 Associated humidity Hours of sunshine Rainfall m euHimotros Rainfall this month Rainy days this month40 words
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