The Business Times, 16 November 1985
1985-11-16
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The Business Times
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Title Section12 1985-11-16 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, NOVEMBER 1«, 1985 75 CENTS12 words
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569 1985-11-16 1 NAJEEB JARHOM - Foray into fast-growing field of international financial services By NAJEEB JARHOM HOTEL and property magnate Tan Sri Khoo Teck Puat has joined the international invasion of London's financial markets through the purchase of a 22.2 per cent stake in Exco International, one569 words
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353 1985-11-16 1 SHAHRIR ARIFF - By SHAHRIR ARIFF AN INVESTMENT to build smaller electronic components is being planned by Singatronics, the local electronics company which is seeking a stock market quotation. It is investing $1.5 million on equipment which could assemble integrated circuits and other components which are one-third353 words
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Article77 1985-11-16 1 TOKYO yesterday rejected a European Community request to set import targets aimed at rectifying a growing trade imbalance in Japan's favour. The EC had emphasised that it wanted Japan to fix import targets for manufactured goods and processed fanning products from the EC and to attach77 words
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121 1985-11-16 1 Reuter INDONESIA'S state oil company Pertamina is considering a more aggressive strategy in marketing its oil and gas. Pertamina president-director Abdul Rachman Ramly (old the country's Parliament yesterday that a more innovative strategy was needed to confront the present difficult market situation. He didReuter - 121 words
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163 1985-11-16 1 THE HOUSING BOARD will not spend money on making it possible for its residents to tune into the commercial channel now being beamed from Malaysia. An HDB official spokesman said yesterday the board "will not modify its existing central antennae system nor163 words
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Article55 1985-11-16 1 THE International Tin Council yesterday adjourned their talks in London until Wednesday. The ITC had resumed talks on Thursday in search of a solution to the tin crisis which has paralysed the world tin market since Oct 24 when it ran out of money to buy surplus tin55 words
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396 1985-11-16 1 UPI BOLIVIA has money to burn, literally. Starting next week, the central bank will begin incinerating at least 20 tonnes of bills that have become worthless because of runaway, world-record inflation. When President Victor Paz Estenssoro took office in early August, inflationUPI - 396 words
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480 1985-11-16 1 LISA LEE - By LISA LEE A STUDY COMMISSIONED by the local building contractors' association has raised questions about the profit and tax accounts of Japanese construction companies. The 12-page study shows that major Japanese companies have incurred consistent losses while local companies made profits in their480 words
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Article, Illustration92 1985-11-16 1 THE SINGAPORE steck market rose slightly yesterday fer the first time this week. However, the fairly strong technical rally la the morning faded la the afternoon, canting prices te elate eff their day's best. Flaaaee and mining stacks were easier while the rest sf the market meved ap92 words
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Article113 1985-11-16 1 CHANCELLOR of the Exchequer Nigel Lawson has set his sights on a pre-election spending boom fuelled by tax cuts. Making his autumn statement, he bullishly predicted that the British economy would continue to expand by 3 per cent next year double the rate suggested113 words
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113 1985-11-16 1 Reuter A 320-MEMBER Taiwanese mission left for the US yesterday to riisniss trade promotion and to lobby against protectionism. Taiwan's Economic Minister, Lee Ta-Hai, said before leaving that his country had taken voluntary steps to reduce the trade gap, including lowering tariffs andReuter - 113 words
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Page 1 Advertisements
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Advertisement94 1985-11-16 1 C ASIfITEH Southeast Asia s 3rd International Exhibition of Textile Garment Machinery and Fabrics Trade 24 -27 May 1986 W.T.C. Singapore IINTEKFAMA EXHIBITIONS PTE LTD The World's lGolf Club. C-500 < V lIP kJ Reason *1: TOPS IN DISTANCE Dm tMfbMt fttf cM tea ill! Yamaha s Carbon Composite clubs94 words
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Advertisement252 1985-11-16 1 Opec members review dollar's role, Page 4 OUR VIEW HALLEY'S COMET is on its way. If you ore superstitious, you will know that famine, the plague and the Black Death will stalk the land. If you are not, then climb a mountain fast to get a glimpse of this dirty252 words
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Advertisement0 1985-11-16 1 :=+=,'_=>^_"\-@_)<"*$'{?<_@!<)/0 words
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Advertisement81 1985-11-16 1 ,!&{~@_^;%&_\.;}\:~^*(>._(=.'[" alised At Banquelndosuez, we turn challenges into opportunities. We have applied our expertise in Treasury, Foreign Exchange and Capital Markets and have designed new products, techniques and strategies to help you cope with increasingly complex and difficult currency and interest rate markets. Banque Indosuez can open up a whole81 words
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HOME NEWS
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451 1985-11-16 2 ELAINE KOH; HOMER CHEN - Move brings to 200 the number laid off this year By ELAINE KOH and HOMER CHEN PROMET laid off 70 workers this week, confirming rumours that had been circulating for some weeks of this move. This brings the total number of workers retrenched this year451 words
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264 1985-11-16 2 THE CENTRAL Issue facing shipyards is to survive the recession while keeping as much of the facilities and skills of workers as possible intact. This was necessary so that when the world economy picked up again, the yards would be ready to rev up, said264 words
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Article, Illustration271 1985-11-16 2 AMERICAN EXPRESS is spending $42,000 to promote some of Singapore's historic sites, buildings and monuments. Through its philanthropic arm, the US-based American Express Foundation, it has launched a heritage support programme to set up commemorative markers at some 12 to 15 selected buildings and sites271 words
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196 1985-11-16 2 SOCIETE GENERALE of Switzerland has been awarded an inspection contract by the Mass Rapid Transit Corp. This is the third inspection contract awarded to the company and involves the inspection of a supervisory control system which is being made in Singapore. Societe Generale's job196 words
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318 1985-11-16 2 THE PRODUCTIVITY movement at the Port of Singapore Authority (PSA) is gaining momentum with 60 quality circles formed in the first 10 months of the year. This brings the total num. ber of QC circles to 170. Also, the number of QC318 words
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Article53 1985-11-16 2 THE PORT OF Singapore Authority will conduct a course on the port's cargo handling and documentation procedures for port users. The course, from Dec 9-13, will be held at the PSA's Tanjong Pagar Complex between 2pm and 4 pm. Course fee is $120. For details, call53 words
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Article355 1985-11-16 2 THE SINGAPORE Tourist Promotion Board has introduced an associate membership scheme for retailers. Under the scheme, which is a revised version of an earlier membership scheme introduced in IST73 and suspended three years ago, price tags on goods will be mandatory for member shops. The355 words
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256 1985-11-16 2 HOW THE Economic Development Board manages small industries in a downturn will be explained today at a seminar held to discuss strategies to cope with a recession. Mr Soh Chak Lam, a senior industrial officer in the EDB's small industries unit, will256 words
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Article99 1985-11-16 2 THE SINGAPORE Manufacturers Association, with the support of the Trade Development Board, is to hold a seminar on export marketing strategies next week. The seminar, at the SMA conference room at the World Trade Centre on Friday, Nov 22, is aimed at manufacturers who wish to break99 words
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Article246 1985-11-16 2 TRADITIONAL crafts and trade, which are slowly disappearing in Singapore, are being promoted in Housing and Development Board estates. Calligraphers, songkok makers, letter writers, kite makers, cobblers, locksmiths and scroll mounters are some of those considered as "culturally significant" to HDB residents. An246 words
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Article, Illustration362 1985-11-16 2 SHAHRIR ARIFF - By SHAHRIR ARIFF SINGAPORE, the Lion City, has fewer Lions per 10,000 people than the world average, said President Wee Kim Wee yesterday. The President was not referring to the king of the jungle but to members of the Lions Club, a voluntary362 words
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Article161 1985-11-16 2 THE WINNERS of the National Quality Control Circle Awards were announced yesterday. The four winners of the Award for Outstanding QCC Organisation are Digital Equipment International Ltd, Jurong Town Corporation, Matsushita Refrigeration Industries and the Ministry of Home Affairs. The Outstanding Newcomer Organisations are Fujitec SingaG»re161 words
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Article737 1985-11-16 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Sun Coral A Mickiewicz E'tern Glory Equator 5 Hong Woon Kap Smirnov Lampung Larkspur Ned Bangkok Ned Moji Stott Sceptre Viet Xo 1 K21 K35 K27 K23 K36 K9 K11 KI6 K12 K9 K30 K21 NAPL Baltic737 words
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OVERSEAS
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Article, Illustration463 1985-11-16 3 NYT PRESIDENT REAGAN has proposed the broadest people-to-people exchanges In the history of American-Soviet relations. Mr Reagan, set to embark today (or Geneva, said his meetings there on Tuesday and Wednesday with Mikhail Gorbachev could be a historic opportunity to set a steady, more constructive courseNYT - 463 words
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Article828 1985-11-16 3 ARRIVALS Oporoto f Service Local From number time PAA PA21/5 0255 LAX/TYO/HKG CAL CI 341 0255 TPE CAL C1337 0255 TPE sv SV389 0445 JED/RUH MAS MH601 0720 KUL MAS MH68I 0820 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH811 0940 PEN SIA SQI03828 words
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595 1985-11-16 3 UPI NYT AMERICAN industries that cannot compete with imports should be phased out and there is no need for American companies "to make everything". US Trade Representative Clayton Yeutter told a Senate finance committee hearing on the Reagan administration's trade policy that "structural adjustmentUPI; NYT - 595 words
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349 1985-11-16 3 UPI A SPECIAL administration trade "strike force", established two months ago by President Ronald Reagan, has recommended that he initiate unfairtrade complaints against Japan and Taiwan. In its first recommendation, the strike force sent Mr Reagan options on how to move against the "dumping"UPI - 349 words
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Article198 1985-11-16 3 AP A COURSE on how to make a nuclear bomb will be offered at the University of New Haven early next year. However, Professor Richard Morrison, who will teach the class, says he's not concerned that any of his students will actually succeed inAP - 198 words
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342 1985-11-16 3 NYT THE BRITISH and Irish Cabinets approved a longawaited agreement on Thursday that is expected to give the Dublin government a powerless but symbolically important advisory role in the affairs of Northern Ireland. Yesterday, Prime Minister Margaret Thatcher and Garret Fitzgerald, her IrishNYT - 342 words
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175 1985-11-16 3 Reuter PRIME MINISTER Margaret Thatcher has disclosed that she would like five more years in office to fulfil her task of "killing socialism" in Britain and would then think about retiring. In an interview published in yesterday's Financial Times, she said: "In anotherReuter - 175 words
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Article169 1985-11-16 3 AFP ARTHUR SCARGILL and other leaders of the National Union of Mineworkers (NUM) went to the high court in London on Thursday and apologised, in order to recuperate the union funds seized during the nearly year-long miners' strike that ended in March. In a statement readAFP - 169 words
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354 1985-11-16 3 Reuter THE STRESS of trying to be both a good parent and a good employee, is the most significant factor contributing to depression. A study of workers at a large Boston-based corporation has found that virtually all employees with families, bothReuter - 354 words
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509 1985-11-16 4 AFP AP SEVERAL MEMBERS OF the Organisation of Petroleum Exporting Countries, including Indonesia, are studying the possibility of discarding the dollar as the world currency for oil trading. Opec president Subroto said in Jakarta yesterday that the question of replacing the dollar withAFP; AP - 509 words
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104 1985-11-16 4 AFP INDONESIA'S revenues from oil and gas exports in the first six months of the current financial year rose 4.8 per cent from the same period last year. In a document presented to Parliament on Wednesday, AR Ramly, the head of state oil company Pertamina,AFP - 104 words
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Article269 1985-11-16 4 AFP THE AMERICAN House of Representatives gave unanimous 417-0 vote approval to a resolution calling on Philippines President Ferdinand Marcos to ensure that next year's presidential elections are free and fair. An identical "sense of the Congress" resolution was also expected to get Senate approval. MrAFP - 269 words
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Article, Illustration173 1985-11-16 4 Reuter A COOL ICELANDIC beauty who teaches in a nursery school became Miss World on Thursday night in a contest surrounded by controversy over allegations of foul play. Holmfriour Karlsdottir, a blue-eyed blonde from Reykjavik, walked off with a crown, a sceptre and a £30,000Reuter - 173 words
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126 1985-11-16 4 AP ECONOMIC REFORMS are sweeping across Eastern Europe, following Hungary's example, China said in an official commentary praising the changes. The state-run Xinhua News Agency on Thursday cited the introduction of market economy elements in combination with state planning, and the new emphasisAP - 126 words
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139 1985-11-16 4 AFP PRIME MINISTER Dr Mahathir Mohamad has criticised Malaysians for their habit of seeking last minute court injuctions "calculated to frustrate legitimate acts". He told lawyers at their annual conference in Kuala Lumpur on Thursday that individuals had held huge organisations with up toAFP - 139 words
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Page 3 Advertisements
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Advertisement7 1985-11-16 3 w. EanAm's New Clipper Class DailylbuDS Angeles.7 words
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Advertisement339 1985-11-16 3 Test yourself on current affairs and world business with The Economist quiz Find out how you rate on current affairs and world business with this quick test on subjects covered in The Economist over the last few months. Check your score with the answers printed upside down at the bottom339 words
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RAW
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Article174 1985-11-16 4 SINGAPORE THE MARKET yesterday closed slightly higher with December One RSS buyers quoted at 154.75 cents per kilo, up 0.25 cent from Thursday. The morning session gained 0.25 on a lack of interest in dull and featureless trading. Prices were little changed in quiet afternoon trading on continued lack174 words
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Article14 1985-11-16 4 "SjL KL TIN Closing prices on Nov 15 (M$/kg) Price Suspended Tumover (tonnes) Suspended14 words
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Article338 1985-11-16 4 RAS prices in S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 153 50 154 50N 153 50 154 50N Int 1 RSS Dec 85 154 75 155 00 154 75 155 00 lot 1 RSS Jan 86 155 75 156338 words
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Article104 1985-11-16 4 (cents/kg, 1-to« pallets) p££ JAN 86 (current month) (forword month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 146 00 148 00N 147 00 149 00N SSR 50 144 00 146.00N ***** 147 00N MRELB Buyers Sellers Buyers Sellers SMR CV 203 50 205 50N 204104 words
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Article164 1985-11-16 4 THE MALAYSIAN crude palm oil market yesterday closed higher on further covering after the recent downtrend, supported by the rise in palm oil futures and a firmer Chicago soyoil futures close. Nov deliveries in the south region firmed Mslo to $680 per tonne and central $5 to $677.50,164 words
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Article160 1985-11-16 4 WHEAT FUTURES in Chicago on Thursday closed mostly lower in reduced trade, ranging from down two US cents per bushel in March to unchanged in May. December settled at $3.38 V* after posting a 2 V* -cent range on the day. However, December continued to gain on March, edging160 words
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Article167 1985-11-16 4 SOYBEAN FUTURES on the Chicago Board of Trade eased steadily on Thursday, closing down 3'/a to five US cents per bushel. January settled at $5.20'/ 2 after posting a six-cent range. Uncertainty about the final version of the Farm Bill and fears that the American Soybean Association proposal to167 words
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Article158 1985-11-16 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 2,500 Blue Phoenix 20's 2,600 Blue Phoerwx 32's 3,000 Blue Phoerwx 40's 3,300 Carded yorn, hank Blue Phoerwx 21 's 2,750 Combed yarn, cones Blue Phoerwx 32's 4,250 Blue Phoerwx 40's 4,450 Open-end yarn158 words
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Article156 1985-11-16 4 Chinese Produce Exchange (Sellers' noon clot mo price* on Nov 15 (SS/100 kg) Coconut oil Bulk FOB 75 00 Old drum FOB 88 00 New drum FOB 92 00 Copro Mixed (loose) 40 buyers Pepper Muntok White FOB NLW 1080 00 Sarawak White FOB toq NLW 1070 00156 words
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Article281 1985-11-16 4 Singapore (S$/kilo, et-godown) Fragrant new crop 1st 076 2nd 056 3rd 0 54 New Crop 25% no stock 10% no stock Thai Broken A-super 0 52 Special 050 Thoi Rice 55% no stock China Rice 10% no stock 15% 0 70 25% no stock 35% no stock Thai Boiled281 words
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Article770 1985-11-16 4 COFFEE Robusta coffee futures shook off early afternoon bullish sentiment that followed reports of the volcanic eruption in Colombia's main coffee producing region to finish mixed on Thursday. Values closed down £6 to up £8 a tonne from Wednesday night's close, weighed down as New York also rapidly770 words
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Page 4 Miscellaneous
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Miscellaneous171 1985-11-16 4 Doonesbury »zMT ANOTHER interview? AFRAID SO, MR. PRESIDENT. GORBACHEVS STILL SCORING LOTS OF POINTS IN EUROPE. m r m GOSH, HANDLERS, I'M GETTING PRETTY DARNED TIRED OF HEARING ABOUT HOW WELL 7HG GORBACHEV ACT IS FLAYING ABROAD! r II m aw XI v LARRY, PO YOU THINK THEWOPWSIH GENEVA MILL171 words
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BANKING AND FINANCE
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Article566 1985-11-16 5 SINGAPORE THE US dollar yesterday recovered to close firmer against most major currencies in moderate trading after its sharp fall in New York. The dollar rose to a late 203.70/80 yen from an early 202.95/203.05 and New York's close of 202.30/40, and to 2.6160/70 marks from 2.6115/25 and566 words
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Article191 1985-11-16 5 Inter bonk rates at 3pm ON THURSDAY: CuffMictes NamiMl 1 rate* 8 Otter c roeo parity change Local dollars to one unit of foreign currency: US dolor 2.1130 2.1140 2.8196 -25.06 Sterlmg pound 3.0070 3.0113 7.3469 -59.06 Australian dollar 1.4199 1.4227 3.4286 -50 59 NZ dollar 1.2086 1.2123191 words
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Article125 1985-11-16 5 THE WEEKEND rate on the Singapore interbank money market (ell by 3 point from Thursday's overnight rate to close at 3% per cent yesterday. The one-month term rate rose by 3/16, while the two- and three-months rates were unchanged. S$ Interbank rates at 3pm yesterday: OH*» fed Over125 words
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Article334 1985-11-16 5 SIMEX EuidtlUr futures closed easier on continuation of Chicago's technical selling, triggered by expectations of a US$6l billion worth of Treasury borrowings after the US Senate's temporary acceptance to raise the debt ceiling. December Eurodollars finished at 91.90 from an opening of 91.96 and Chicago's close of 92.01 with334 words
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Article, Illustration292 1985-11-16 5 Asian market ASIAN DOLLAR deposit rates yesterday closed firmer compared with Thursday's levels, in moderate trading. Weekend closed at 87/16 8-5/16, up 5/16 point from Thursday night, Monday/Tuesday at 8% B'4, up V* and week fixed at BV4 BV4, up Vi. Among periods, rates from one- to sixmonths closed at292 words
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Article237 1985-11-16 5 HONGKONG: GOLD yesterday closed easier because of a moderate rise in the US dollar, but trading remained quiet because of a general lack of interest. The bullion price finished at U*****.50/90 an ounce against an initial $324.80/325.20 and New York's $324.70/325.20 close. On the local market, the metal lost237 words
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183 1985-11-16 5 HONGKONGBANK yesterday launched a new global financial service for its corporate customers, the first in a whole series of electronic offerings using personal computers located In the customers' premise. The facility called Hexagon will allow its customer to check instantly domestic and International account183 words
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Article308 1985-11-16 5 President resists pressure from creditors AFP PRESIDENT Ferdinand Marcos yesterday vowed to defend the value of the Philippine peso, defying foreign creditors' pressures for the currency's devaluation. Speaking before the Philippine Business Conference, he pledged compliance with other reforms sought by foreign lenders, topped byAFP - 308 words
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Article131 1985-11-16 5 SINGAPORE CAN look forward to a prosperous future in spite of current economic concerns, said a senior executive of Canada's largest bank. Jim Y Lawrie, the vice-presi-dent of the Royal Bank of Canada, South Asia, was transferred to Singapore last week to strengthen its South Asian131 words
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Page 5 Advertisements
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Advertisement349 1985-11-16 5 T trj' liaa i f AMERICAN 4V <*r t. k MALAYSIAN m M I I > H WJP Kn ;ci '*-jk ,C> •> V Ai if .a 4 ijn. ■s v/$* w± H i JOOI /a A f)^2 v til £9 Now, the Accent 2001 PCs deliver the best of349 words
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TIME – OFF
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Article522 1985-11-16 6 COMPILERS OF THE revered British octavo sized publication known as Old Moore's Almanac must be having a field day right now. Devotees of this work, which is dedicated to forecasting the disasters of the coming year, will know that it contains such entries as: June, a Middle522 words
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Article1218 1985-11-16 6 MONICA GWEE - By MONICA GWEE "EXPATRIATE BACHELORS" is not an X-rated video tape but it could well be a liturgy sung in many costly apartments in Singapore. You can always tell a seasoned EB by the shine of his leather shoes and his supply of light-weight jackets and pressed1,218 words
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Article537 1985-11-16 6 BYRON JOYNER - By BYRON JOYNER IT'S AN EXCITING STORY that takes place in a God-fearing, sleepy town of La Grange, Texas. It's a true story about an illustrious house of ill-repute called the "Chicken Ranch." It's a fun-loving story that may never have been told if it537 words
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Article1239 1985-11-16 6 What's on from Nov 16-22 VVf"PPVI Bi. RMRHRIIHnIMi Ip^ CONCERT: Calabrtty Fun(d) Concert. Victoria Concert Hall. spm. Tickets: $1, $2, $3 from the VCH box office, 12 noon-Bpm. A shorter programme organised for the children but the same celebrities will appear on stage. ENTERTAINMENT SPECIALS: At Singapore Handicraft Cantra.1,239 words
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Article, Illustration102 1985-11-16 6 A RENOWNED chamber group from Canada has been flown in to give a one-night dinner performance at the Hotel Merldien Singapore. Tht Montreal Chamber Trio is also lending a hand to the Singapore Symphony Orchestra's efforts to raise fnnds to bny new music instruments. This time102 words
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Article241 1985-11-16 6 GRADUATES are apparently badly hit by hard times. The latest issue of The Graduate, a newletter of the NUS Society, carried this brief reminder to members: "As at 26th October 1985, there were 179 names on the defaulters list which has been posted on the notice241 words
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Page 6 Miscellaneous
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Miscellaneous796 1985-11-16 6 CRYPTIC PUZZLE ACROSS 8 Meon it's to do with money (7) 9 Fronkiy, because you count (9) 13 Are out getting writing paper (5) 14 Complains and complains of by right (5) 15 Revet in the list I produced (7) 16 With a dog frisking round, somehow tie the plant796 words
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SPORTS
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268 1985-11-16 7 Overseas Containers marathon is growing bit by bit FROM A QUARTER to a third. From a half to a complete one. The organiser of the Overseas Containers Limited marathon" race believes in doing things bit by bit. In its eight-year history, the company's annual marathon race has progressed from a268 words
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120 1985-11-16 7 Reuter NEXT MONTH'S Sports Aid day of action for Africa's starving has been cancelled after several top sportsmen pulled out of the event due to be held in the Olympic arenas of Los Angeles and Munich. Chief organiser Pascal Zimmer said heReuter - 120 words
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537 1985-11-16 7 AP BORIS BECKER moved into the quar-ter-finals of the Benson and Hedges Tennis Championships on Thursday, but again played well below the form that took him to the men's singles title at Wimbledon in July. After his unconvincing first-round win over Shlomo GlicksteinAP - 537 words
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185 1985-11-16 7 UPI JOHN McENROE, showing a different side of his personality than the one most tennis fans know, easily defeated Bjora Borg 7-6 (7-2), 6-4 in a 90-minute exhibition match on Wednesday night. The triumph in Nashville gave McEnroe a 2-0 lead in the sixmatch, six-nightUPI - 185 words
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590 1985-11-16 7 BRIAN MILLER - By BRIAN MILLER TWO HORSES which romped home comfortable winners in their last starts have trained on splendidly and should have little difficulty coming through to score in Kuala Lumpur today. Mystte Warrtsr, engaged in the day's fourth event, won handsomely on this590 words
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Article, Illustration456 1985-11-16 7 WALTON MORAIS - By WALTON MORAIS VINCENT LEE, enjoying his most successful season, will have another busy weekend trying to satisfy his appetite for success. Today, he will be at the Jurong Club where he will tee off as the favourite to win the club's monthly competition456 words
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219 1985-11-16 7 AP LANNY WADKINS, the PGA Player of the Year, was the first player selected in the inaugural US$2 million Nabisco challenge PGA Tour player draft on Thursday. He will be going to the Greater Greensboro Open. The Greater Greensboro Open, byAP - 219 words
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Page 7 Advertisements
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Advertisement99 1985-11-16 7 Keep a date with Sevvv Ballesteros the Sevvy way BT is not all hard core business and financial news. We take "Time-Off" and "Sports" rather seriously too. Our writers comb the sporting arena to furnish two lively pages with the latest sports, leisure and arts news for the well-informed professional.99 words
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Page 7 Miscellaneous
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Miscellaneous1099 1985-11-16 7 KIND t Pm* r h Our Town... ona of America's bast-lovsd contemporary classics CENTRESTAGE Our Town 8.30 pm, Channsl 12 This is based on Thornton Wilder's Pulitzer prize-winning play, an incredible work which portrays life in a small New Hampshire town in the early 1900s. A performance with a difference,1,099 words
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Miscellaneous9 1985-11-16 7 :?Wk_Did<fciS iVj z\ »IP| J ad'lu •tfrS -£T A9 words
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INTERNATIONAL STOCKS
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396 1985-11-16 8 Reuter FALLING PRICES for crude oil and natural gas are expected to force oil companies to slash their budgets for exploration by as much as 10 per cent next year. "Global exploration could stand at around US$55 billion in 1966," said Albert Anton,Reuter - 396 words
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Article94 1985-11-16 8 Reuter THE LONDON Stock Exchange has targeted Oct 27, 1906, as the date for the change to a new and restructured market. An exchange spokesman said that the exchange's information services division expected to have its electronic dealing systems, the necessary precursor of the changes, readyReuter - 94 words
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289 1985-11-16 8 UPI THE NEW YORK market smashed records on Thursday (or the third time this week as investors voted for the proposition that interest rates will come down and corporate profits will rise. The Dow Jones Industrial Index climbed 11.47 points to a record 1,439.22,UPI - 289 words
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Article125 1985-11-16 8 NOV 14 c$ 17* •H Inco kit Prov Rpt fc* Utt 16* 45* 18* 35 V* Kmr Add 15* 19* 23 Argoon HkJg* Bonk Moot Bonk Novo Scotia I 33 14* 42* Mowry F«rg Mohon A 3* 19* 19* unct 31H Moor* Cp 27* V4 34 Nofanfa 40* unch125 words
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Article208 1985-11-16 8 NOV 14 IMMC 585 5 Wootworth 1150 15 tNOUSTtlALS Mil MNGS A Afcha 840 5 3600 +50 175 AE And Q 710 unch 1700 +25 AWST* 2800 1000 1230 30 2450 125 C G Smith 1950 unch 1015 10 CNA 155 -15 1445 15 Cum* Rnanc* 465 10 5450208 words
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Article653 1985-11-16 8 NOV 14 US$ Alcon AJurrwi Alcoa Alaghany Lud AM Cham Cp AM StofM Ab-Ox*n«n Am Brandt he Am Broodcost Am Con Co Am Cyaramid Am Bac Pwr Am ExpraM Am Horn* fVod Am Motor* Cp Am Notiral Gat A(n Tal A Tal Amax Inc Amarado Hat AMF be653 words
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Article864 1985-11-16 8 Amsterdam NOV 14 fh ABN 539.00 -7.5 106 00 -1.6 Ahold 134.00 2.1 AMEV 78.00 -I.I 7770 -1.4 40 30 -0.2 Bob 467.00 -9 Boifcoit Bur Tat 118.20 -1.3 Cotarx) Cotv* 488 00 -3 Dai M, 153.20 -0 8 Fgh 59 10 i*Kh 78 10 -2.7 188 00864 words
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Page 8 Advertisements
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Advertisement447 1985-11-16 8 as—m i Sfe Tf% J8 n Nl 22-1 Baron's Table Sunday Brunch... 'you'll love it! Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only 825.50 per adult and $15.00 per child (under 12)447 words
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Advertisement129 1985-11-16 8 London stocks on Pago 11 P J i Lounge Enjoy the world's finest wine, while you relax in 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: spm 7pm, 50% off all drinks (pouring129 words
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ASIAN STOCKS
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Article343 1985-11-16 9 HONGKONG: Share prices closed lower yesterday after late profittaking following recent gains, brokers said. The Hang Seng Index fell 9.07 points to 1,736.07. On Wednesday it reached a four-year high of 1,747.18. The market is still supported by strong overseas buying interest and the index is expected to resume343 words
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Article207 1985-11-16 9 NOV IS Al Sincere Indus Alio Cement MT 2 02 2170 -007 -01 Lien Hwo Indus Nan Y a Ptas Pocific Cons Pocrfic Elect 12.45 2750 15.00 -0.35 -05 -03 Cathay Cons 25 00 -0.1 Chang Hwa Bank 43 80 -04 14 50 Own Loona 1790 L*ich Ova Hun207 words
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Article216 1985-11-16 9 NOV IS Afromoto Van 1110 -to Mitvjb Heavy Mitsubishi 347 591 417 -7 3 15 Akoi 149 3 794 *8 376 .1 Asohi Chem 806 4 605 2 863 8 720 19 730 >4 1940 20 536 -4 754 -5 1060 20 1150 20 1730 210 398 779 8216 words
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Article101 1985-11-16 9 MANILA: Stocks closed generally easier in dull trading. The Mining Marker fell 0.96 to 683.70, oils eased 0.004 to 0.846, while the commercial and industrial index was steady at 171.85 NOV IS Ac Of* Mining Anglo Phi Paso* 0.001 0001 unch Morstaal Ohantal B PMm B 0017 +0001 015101 words
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Article456 1985-11-16 9 SYDNEY: Share markets closed lower with investors opting for fixed term securities in response to rising interest rates. At the close, the All-Ordinaries Index was down 6.5 points at 1003.4, the All-Industrials was down 8.7 at 1469.1 and the All-Re-sources was down 4.7 at 643.1. The Gold index rose456 words
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Article75 1985-11-16 9 NOV 15 Won Hyundai Const 900 inch Hyurxloi Motor 1117 -3 Bank Seoul 750 4 KAL 574 -21 Chotwung Bk 719 •1 Korea First 764 •2 Convnaraaf Bk 762 6* 618 >26 Yukong 1350 9 Do*<»oo Corp 557 -13 Lucky Ltd 709 -6 740 -10 746 646 -*-11 126175 words
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Article140 1985-11-16 9 BANGKOK: Prices eased in featureless trading with small turnover. Brokers said the Book Club Index dropped 0.19 point to 129.20 and declines led advances by nearly a two-to-one margin. Turnover totalled a low 62,031 shares worth 10.9 million baht, compared with Thursday's 108,279 shares worth 34.5 million baht. NOV140 words
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267 1985-11-16 9 Plan to open up capital market AP SOUTH KOREA'S Finance Ministry has adopted measures allowing domestic companies to sell certain securities abroad the second stage of a plan to open the domestic capital market gradually to foreign investors. In the first stage, foreignAP - 267 words
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Article57 1985-11-16 9 Reuter THE NZI CORP Ltd will bid for 100 per cent of Fletcher Challenge Ltd's 60-per-cent-owned finance units Marac Holdings Ltd and Australian-listed Broadlands Finance Ltd. In a statement to the stock exchange, NZI said it would offer NZ$2.6O for Marac's 47.7 million shares, subjectReuter - 57 words
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Article151 1985-11-16 9 Reuter SAMSUNG Electronics Co Ltd will issue South Korea's first convertible Eurobonds, worth US$2O million, early next month, a company spokesman said. The 15-year bonds, priced at 130 per cent, carry 5 per cent interest and can be converted to stock as an alternative to redemptionReuter - 151 words
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161 1985-11-16 9 UPI TOYOTA MOTOR CORP was Japan's top profit-making corporation in the year ended last June with its earnings setting a record of US$2.7 billion. The Japanese government's > Tax Administration Agency said Toyota's profit marked a rise of 30.2 per cent over the previousUPI - 161 words
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144 1985-11-16 9 Reuter WESTPAC BANKING Corp faces a slowdown in profit growth in the current year due to higher interest rates and increased competition, managing director Bob White said. Westpac earlier reported a record net profit of USs367.© million for the year ended Sep 30 compared withReuter - 144 words
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Page 9 Advertisements
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Advertisement549 1985-11-16 9 C J J rv//(///.) (♦> PH <«) Coffee House Levels. Peninsula Hotel ft CJLIi r 5 rv -■i ~J 3* 1* i! 24 Hours of gourmet delights Daily Set Lunch (Local/Western) Every Tuesday Thursday (3pm to 6pm) Grand High Tea (with wide selection of snacks) $5.00+ Every Saturday of Nov.549 words
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Advertisement151 1985-11-16 9 let's booze to the music ft AixAndr^ T FH °"i Philippines r V Hot rocK or f avotflts contwnponnM this popular all-girls, Six Angats Band, piaya and ainga right into your haart. Brings you into a world of pura antartainmant whila you drink away into tha night. HAPPY HOURS: spm151 words
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SHARE INFORMATION
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Article, Illustration4369 1985-11-16 10 AFTER FALLING for four consecutive sessions, the Singapore stock market staged a feeble rally yesterday. But the buying could not be sustained in the afternoon as punters were reluctant to hold positions over the weekend with a cloud still hanging over the market4,369 words
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Article266 1985-11-16 10 SINGAPORE Rises IndicM Irnoln 244 Ro«e*h 310 Sri Hortomoi 255 Somondo HUJ91 306 Kion Joo 50< 290 Ber joyo Corpn 118 HK Tin Carp 50< 210 IsJond A Pan 424 Mognuwi Corpn 366 Kentuciy Spore 324 Htma M 320 Falls Ayer Hit on Tin 650 M Bonking266 words
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Article3969 1985-11-16 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".3,969 words
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Page 10 Advertisements
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Advertisement11 1985-11-16 10 KL market report Business done on the KLSE See page 1111 words
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COMPANY NEWS
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Article, Illustration313 1985-11-16 11 pita? By HOCK LOCK SIEW READERS WERE warned on Aug 24 when the shares of Sigma Metal were trading around $4.10 that the stock had reached a very, very risky technical situation. Although I could not quantify the likely price damageBy HOCK LOCK SIEW - 313 words
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Article322 1985-11-16 11 FRESH buying support helped share prices close on a firmer note across the board at the Kuala Lumpur stock market yesterday. However, the trading pace was slower as investors were still hesitant about making heavy commitments in the market. Interest was centred around speculative issues,322 words
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Article102 1985-11-16 11 HONGKONG Hong Seng Index Friday 1736 07 Thursday 1745.14 Week ago 1722 38 TOKYO Nikkei Average Friday *****.44 Thursday *****.51 Week ago *****.05 TSE Index Friday 992.85 Thursday 991.32 Week ago 1012 83 SYDNEY All Ordinaries Friday 1003.4 Thursday 1009.0 Week ago 1012.4 Australian Industrials Friday 1469.1 Thursday102 words
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Article468 1985-11-16 11 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI AFTER SURPRISING property circles with its past earnings resilience, Singapore Land Ltd, the Republic's largest listed property group, has finally succumbed to the pressures of a depressed market. For the full year to Aug 31, 1985, Singland reported moderately lower group net profit after468 words
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461 1985-11-16 11 ALVIN TAY - By ALVIN TAY SUBSTANTIAL INTEREST savings will be enjoyed by Parkway Holdings Ltd, the owner of Parkway Parade, with the signing of a Ssl3o million club loan by subsidiary Parkway Properties yesterday. The loan, put together by the Oversea-Chinese Banking Corporation, DBS Bank,461 words
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Article3204 1985-11-16 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 Ajmomoto (3. SOS) A Otoe (2 90S) (10) 23,204 words
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Article265 1985-11-16 11 Managers' prices for Nov 16 18 Singapore Unit Trust The Commerce 1 59 I 69 The Savmgs Fund I 22 I 29 S'pore Prog Fund 0 67 0.71 S'pore Sec Fund 0 99 I 05 S'pore Invest Fund 0 77 0 82 S'pore Equity Fund 0 72 0265 words
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LATEST RESULTS
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80 1985-11-16 11 Group pre-tax profits of M 537.25 million for the year to end-September 1985, compared with 541.09 million in the previous year. Group turnover edged up to $237.33 million from $234.66 million. Group after-tax profits fell to $19.54 million from $22.05 million while earnings per80 words
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Article220 1985-11-16 11 DAY API Mutriei (Malaysia) Berhad: EGM at Cempaka Room, Equatorial Hotel, Jalan Sultan Ismail, ***** Kuala Lumpur on Monday, Nov 18 at 11.00 am. LUM CHANG Heldtags Limited: 3rd AGM at the Maple Room, Dai-Ichi Hotel, 81 Anson Road, Singapore 0207 on Monday, Nov 18 at 10 am.220 words
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Article951 1985-11-16 11 EQUITIES opened mixed yesterday in thin trading, despite a rise to record levels on Wall Street on Thursday. The FTSE 100 Index at 11.00 am was little changed at 1,391.3, down 0.4 point. Beechams fell lOp initially to 288 on market rumours that the company might be buying951 words
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Page 11 Advertisements
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Advertisement530 1985-11-16 11 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER OF RAJAH LAIT SHIPPING PTE. LTD (MEMBERS' VOLUNTARY WINDING UP) At an extra general meeting of the members of Rajah Laut Shipping Pte. Ltd. duly convened and held on the 15th day of November 1985 at530 words
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Article, Illustration636 1985-11-16 12 MONICA GWEE - Discord at Peranakan Place and Saxophone By MONICA GWEE ONE MAN'S MUSIC is another man's noise and the problem has sounded a sour note between the tenants of two downtown tourist attractions and residents living near them. Residents of Emerald Hill and636 words
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230 1985-11-16 12 JAPANESE contractor Tobishima/Takenaka, which has encountered problems in its work for the Mass Rapid Transit system, has submitted claims for additional cost. The contractor is now preparing evidence to support its claims. In addition, the 50/50 Japanese joint venture company has written to the Mass230 words
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308 1985-11-16 12 MINISTRY OF FINANCE officials yesterday met leaders of 10 public service unions and associations to clarify the government's decision to lower starting salaries in the public service from this month. The meeting follows complaints that unions were not informed of308 words
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373 1985-11-16 12 Reuter RELIEF AID poured into Colombia yesterday for survivors of a volcanic eruption which buried the town of Armero and killed at least 20,000 people. Health Minister Rafael de Subiria estimated the number of dead at 20,000 but said the true total might neverReuter - 373 words
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128 1985-11-16 12 Reuter INTERNATIONAL borrowings rose sharply last month, all but assuring that this year's figures will be well up on those of the previous two years, the Organization for Economic Cooperation and Development said in a report yesterday. Spurred by easier interest rates, borrowings in October roseReuter - 128 words
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379 1985-11-16 12 AFP FRENCH Cultural Affairs Minister Jack Lang has written an angry official letter in English to the head of the government broadcasting authority to complain about the "invasion" of American and British music on radio and television. There are seven state-run radioAFP - 379 words
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210 1985-11-16 12 A LEADING British bank is revising its forecast for Singapore's growth this year down from one per cent to zero, or even a small minus. But its leading economist said yesterday that there should be no cause for pessimism in the Republic. "The problem is210 words
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322 1985-11-16 12 LISA LEE - By LISA LEE LUM CHANG HOLDINGS has decided not to take over the troubled Active Building and Civil Construction Company. The Stock Exchange of Singapore is expected to be informed today. Lum Chang decided to withdraw from the takeover as it has found322 words
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Article117 1985-11-16 12 BRIGADIER-vJENERAL (Res) Lee Hsien Loong is to marry Miss Ho Ching, the Defence Ministry's deputy director of defence science organisation, on Dec 17. The couple yesterday filed notice of marriage. The bride-to-be of the Minister of State (Trade and Industry and Defence) is the eldest daughter117 words
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Article114 1985-11-16 12 Reuter COMEX GOLD FUTURES posted slight gains of US$O.6O to $0.80 on pre-weekend book squaring by local traders in thin morning dealings yesterday. Gold for December delivery was up $0.70 at $326.50 an ounce following an early low of $325.60. Analysts said the market attracted someReuter - 114 words
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Article55 1985-11-16 12 Reuter THE NEW YORK stock market took a downward path in early trading yesterday, retreating from record levels. The Dow Jones Industrial Average was off five points to 1434. Declines led advances by a three-two margin on turnover of 12.30 million shares. Niagara Mohawk Power led theReuter - 55 words
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LATE FILE
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Article44 1985-11-16 12 Reuter INDONESIA will maintain the self-sufficiency in rice it achieved last year. President Suharto said in Jakarta yesterday: "The self-suffi-ciency which Indonesia has achieved is meant to last forever and not only for one to two years." ReuterReuter - 44 words
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Article37 1985-11-16 12 UPI WITH JUST one-fifth of a US$27 million allocation exhausted, President Reagan told Congress that the US must maintain a flow of assistance to Nicaraguan rebels to put pressure on the Sandinista government.UPI - 37 words
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Article42 1985-11-16 12 UPI PRESIDENT Ferdinand Marcos, stumping for votes in central Philippines, yesterday announced a revamp in the military on the reinstatement of Armed Forces Chief Fabian Ver if he was found innocent in the Benigno Aquino murder. UPIUPI - 42 words
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Article32 1985-11-16 12 Reuter AUSTRALIA'S postal workers yesterday agreed to lift a four-week bain on mail to and from South Africa, saying they had made the necessary protest against apartheid.Reuter - 32 words
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Article44 1985-11-16 12 Reuter INDIAN security forces killed 58 guerillas in a major gunbattle at a village in the impoverished eastern state of Bihar yesterday. A senior police officer said yesterday that the "terrorists" were all members of India's poorer castes. ReuterReuter - 44 words
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Article51 1985-11-16 12 Reuter IRAN'S navy yesterday seized a Kuwait-bound West German cargo ship with 21 crew members near the Strait of Hormuz on suspicion of carrying goods for Iraq. Iran's national news agency Irna said the 18,500ton Norasia Gabreal had been taken to a southern Iranian port forReuter - 51 words
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Article34 1985-11-16 12 Reuter INDIAN Prime Minister Rajiv Gandhi yesterday promoted a close aide who helped to defuse the Sikh crisis, naming former Punjab governor Arjun Singh as India's new Commerce Minister. ReuterReuter - 34 words
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Article36 1985-11-16 12 Reuter THE RETT AIL price index, Britain's measure of inflation, rose 0.2 per cent last month for a year-on-year rise of 5.4 per cent, the UK Employment Department said. ReuterReuter - 36 words
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Page 12 Advertisements
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Advertisement66 1985-11-16 12 BT helps you increase productivity BT, Singapore's biggest business daily has a weekly page devoted to training and development to keep Singapore ahead in the economic race. Every Wednesday, BT brings news of the latest techniques and developments in training, productivity and acquisition of skills. Our comprehensive coverage on "Training66 words
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Page 12 Miscellaneous
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Miscellaneous61 1985-11-16 12 Outlook for today: Showers over a few areas in the late morning and over many areas in the afternoon. Report for 24 hours prior to 7.30pm on Nov 15 at the airport: Maximum temperature 31.1 Associcted humidity 62 Minimum temperature 23.6 Associated humidity 97 Hours of sunshine 2.25 Rainfall in61 words
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