The Business Times, 6 September 1986

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, SEPTEMBER f, 1986 75 CENTS
    12 words
  • 381 1  -  By CHAN OI CHEE THE KUWAIT Investment Office, considered one of London's rich and aggressive investing institution, has disclosed a significant 5.3 per cent shareholding stake in soft drinks manufacturer Yeo Hiap Seng Ltd. Its latest acquisition has expanded KlO's portfolio interests
    381 words
  • 197 1 PEPSI-COLA International, which recently acquired the top-selling lemon-lime drink, 7Up, has awarded the franchise to Yeo Hiap Seng Ltd (YHS) for Singapore and Sarawak. YHS, a leading local food and soft-drink manufacturer, holds the franchise for Pepsi-Cola and Mirinda in addition to
    197 words
  • 437 1  -  Electronics sector behind boost By AMY BALAN MANUFACTURERS had a good start after half time this year with domestic exports in July climbing 6.8 per cent from a year ago the strongest growth since April last year. The latest official statistics show that the
    437 words
  • 70 1 AP SOUTH KOREA has announced a long-term high technology research and development plan aimed at making the country one of the world's 10 most technologically advanced countries by 2001. Science and Technology Minister Lee Tae-Sup presented the plan at a technology promotion meeting presided over by
    AP  -  70 words
  • 71 1 AFP THE HONGKONG stock market ended the week on a strong note with the Hang Seng Index hitting a new high in active trading yesterday. The Hang Seng Index gained 21.83 points to 1,968.53, while the Hong Kong Index was up 14.92 points to 1,239.01. The previous
    AFP  -  71 words
  • 453 1 Agencies JAPANESE Finance Minister Kiichi Miyazawa left for Washington yesterday for talks with US Treasury Secretary James Baker. They are expected to exchange views on interest rates and the yen-dollar exchange rate. Mr Miyazawa denied speculation in Tokyo that he would
    Agencies  -  453 words
  • 484 1  -  By MARGARET THOMAS MR S RAJARATNAM has hit out at Singapore professionals, particularly lawyers, accusing them of not having a proper sense of shame. Professional bodies had not seen fit to react firmly to what was an epidemic of disgraceful professional conduct, the Senior
    484 words
  • 325 1 SHARE PRICES rebounded sharply yesterday on the Singapore stock market, apparently marking the end of the technical correction. Double-digit gains were plentiful across the board. The Straits Times Industrial Index rose 10.62 points to 844.88 and the BT Composite Index added
    325 words
  • Page 1 Advertisements
    • 137 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM A WHOLE WORLD OF OPPORTUNITIES At Banque Indosuez, we've been serving Singapore as far back as 1905. Our office is part of a vast Asian and Australasian network spread over 18 countries including among others, New Zealand, Australia, Papua New Guinea, Japan, Korea, China,
      137 words
    • 436 1 Gold rush by more than 450 PRECIOUS metals markets ended a volatile week with a bang yesterday. Fuelled by the unrest in South Africa, prices of platinum and gold have been soaring, and that has made the task of entrants in BT's Go For Gold competition much tougher. Contestants had
      436 words
    • 30 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Mails, Paga 10 Asian Stocks, Paga 9 Intl Stocks, Paga 3. m 5 s -*...«3? r\ •i ss^V>. cm X/- <£ i** 4 *-C SITiW
      30 words

  • HOME NEWS
    • 405 2  -  By MARTIN SOONG COCKROACHES were the inspiration behind a project to improve quality control at Watson EP, a plastic parts electro-plat-ing company, and the third example of the National Productivity Board's (NPB) Model Company scheme. Mr Andre Lim, a senior NPB officer and consultant
      405 words
    • 350 2 RANK AND FILE workers from all industries will be able to take advantage of a new generic training package to be launched next month by the National Productivity Board (NPB). Part of the NPB's Core Skills for Effectiveness and Change (Cosec) scheme, the
      350 words
    • 148 2 I C THERE will be free parking < on Sundays and public holi- I days in three more constituencies from tomorrow. Eight car park lots in Khe Bong Constituency, lo- 1 cated in Toa Payota Central, will be under the scheme. However, in Pasir Panjang and in
      148 words
    • 206 2 YOUNG SINGAPOREANS have been advised to read regularly, widely and deeply in order to develop good reading habits. Dr Yeo Ning Hong, the Minister (or Communications and Information, and Second Minister (or Defence, said this at the opening of the 18th
      206 words
    • 1065 2 AT CONVENTIONAL WHARVES VmmI BarH 1 Arrival Departure KEPPEL WHARVES AH Trust Gold Mountain Hugheverett Qinghecheng Roiah Brooke Xinf ena A Confidence Daijiang Equator Koto Pekmgi Lampuna Lin Petaing MuNhausen Ned Barcelona Ned Linge New Genstar* Trans Bay Vesta K10 alongside Kl 1 alongside K21 alongside K15
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    • 361 2  -  By ANNA TEO REGIONAL fund management will increasingly be a critical support activity as more local operations become autonomous "total business units", Keith Tay, the president of the Singapore Society of Accountants, said yesterday. Speaking to accountancy and science honours graduates at the
      361 words
    • 334 2 GETTING involved in neighbourhood volunteer groups or working with the disabled or destitute does not appeal to many people see it as time-consuming, difficult and unattractive. Yet providing direct services is the biggest need in community and welfare services, said Mr Wong
      334 words
    • 380 2  -  SINGAPORE HERITAGE WEEK By MONICA GWEE OMAPODI, Pakoda, Aboh Aboh and "tok-tok" candy may not be immediately recognisable to the ear, but their famnur t»gtps will trigger off sights and sounds of an earlier Singapore now remembered by ever-dwindling numbers of Singaporeans. A but
      380 words
    • 255 2 THE GROUNDING of MACAir, Malaysia's first private airline, will not affect the Singapore service it operated as a joint venture. The bumiputra-owned airline, formerly known as Malaysia Air Charter, operated a Malacca-Singapore-Tioman flight 10 times a week with Trade winds Pte Ltd, a subsidiary of Singapore
      255 words
    • 382 2 A FIVE-YEAR manpower development plan to upgrade faculty staff in terms of training technology and training skills has been initiated by the Singapore Hotel Association Training and Educational Centre (Shatec), with the support of the Skills Development Fund. Mr Fakir Singh, the director
      382 words

  • ASIA-PACIFIC
    • 348 3 Reuter SAUDI ARABIA Oil Minister Ahmed Zaki Yamani has said he wanted to return to a system of fixing oil prices. However, that would require greater cohesion among members of Opec (the Organisation of Petroleum Exporting Countries), he told a symposium celebrating
      Reuter  -  348 words
    • 200 3 Reuter A SAUDI ARABIAN Cabinet minister has predicted a return to boom conditions during the 1990s in the Gulf Arab oil-export-ing states, although they are now having to adjust to a low price for crude oil. Abdulaziz Al-Zamil, Industry and Electricity
      Reuter  -  200 words
    • 202 3 Bernama, MBT SELANGOR MAY be "broke" after 1990 if efforts to economise are not undertaken effectively and widely from now, Menteri Besar Muhammad Haji Muhammad Taib said. Selangor may be able to take pride in its present huge development projects scheduled for completion
      Bernama,; MBT  -  202 words
    • 378 3 NST THE MALAYSIAN government has been urged to set up a central body to coordinate bank loan applications by entrepreneurs. Such a body will not only assist in cutting red tape but also save time and prevent banks from rejecting loan applications
      NST  -  378 words
    • 340 3 Reuter PHILIPPINE President Corazon Aquino has defended her conciliatory moves towards communist guerillas and said she did not believe her critics in the US government included President Reagan. In an interview published in yesterday's New York Times, Mrs Aquino, who was catapulted to power
      Reuter  -  340 words
    • 294 3 UPI JAPAN MIGHT soon be willing to accept voluntary limits on some machine tool exports to the United States, Commerce Secretary Malcolm Baldrige said on Thursday. "They (the limits) are needed," said Baldrige, who was at the International Machine Tool Show to
      UPI  -  294 words
    • 880 3 ARRIVALS Operator Service number Locol time From SiA UA CAL SIA SIA MAS MK MAS KAL CV MAS MAS AC CPA RBA GIA GIA SIA GIA SIA SIA THAI MAS GIA SIA SIA GIA THAI SQ117 UA805 C1333 SQ41 SQ691 MH601 MK746 MH681 KE624 CV796 MH811 MH671
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    • 84 3 AP THIS IS AN ARTIST'S impression af the world's tallest mMmt bnaae Baddha statae which will be ballt im Hngkng. The 14-metre tell statue, Inclading the base, will east HK)* million and will be bailt aa a hill facing the Pa Lin Maaaa-
      AP  -  84 words
    • 148 3 Reuter NEW ZEALAND is planning to sell more shares in state-owned companies, including Petroleum Corp of New Zealand and New Zealand Steel, Finance Minister Roger Douglas told an Asia Society meeting in New York. But he did not say when these shares
      Reuter  -  148 words
  • Page 3 Advertisements
    • 62 3 T~ II A|\ I The business person's choice, every I I II \I I II II I Tuesckiy, Thursday, Saturday and 1 II \l I II II Sunday. Leaving Changi Airport at I A. yl v yj- 1 22:00 hours and arriving at Heathrow at 06 50 hours the following
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    • 154 3 Supreme Events in Cuisine No. 9 THE BEEygmrcK'SBBITTSH LUNCHEON! August 30 to September 26,1986 What a glorious spread more than 60 traditional English favourites for lunch! There are starters like Melton Mowbray Pie, potted shrimps, soused mackerel and smoked salmon. And hot pot offerings such as steak and kidney pie,
      154 words

  • REST OF THE WORLD
    • 450 4 NYT PRESIDENT Reagan has extended for one year a series of limited sanctions against South Africa and held out the possibility of further moves aimed at its government. In a message to Congress on Thursday, Reagan said additional measures would be considered
      NYT  -  450 words
    • 251 4 AP RELIEF may be on the horizon (or travellers who find that plugs on hair dryers and other electrical equipment won't fit foreign sockets, although it is likely to take decades. Apart from cutting confusion, a new standard announced on Thursday by the
      AP  -  251 words
    • 77 4 AP THE WEST GERMAN government has paid about 274 million Deutschemarks (US$l37 million) to fanners in compensation for crops ruined by fallout from the Soviet nuclear reactor disaster. Agriculture Minister Ignaz Kiechle said Bonn compensated about 303,000 farmers for produce lost after the disaster at Chernobyl spewed
      AP  -  77 words
    • 156 4 AP THE FISCAL 1967 budget deficit will be at least US$4 billion higher than the official government estimate of U*****.4 billion released last month. The General Accounting Office, in a report to the House of Representatives Committee on Government Operations, said President Ronald Reagan's administration
      AP  -  156 words
    • 561 4 NYT TWO 32-YEAR-OLD former investment bankers from top Wall Street firms have pleaded guilty to federal felony charges for illegally providing stolen inside information about pending takeovers or buy-outs to Dennis Levine. Ira Sokolow, formerly with Shearson Lehman Brothers Inc, and David
      NYT  -  561 words
    • 324 4 NYT THE AMERICAN trade representative, Clayton Yeutter, said he had requested immediate consultations with Canada, Sweden and Taiwan to remedy what he said were steel import surges that could not be permitted to continue. The three countries provide 5 per cent of
      NYT  -  324 words
  • RAW MATERIALS
    • 212 4 Reuter WHEAT FUTURES on the 1 Chicago Board of Trade re- i covered from early lows to close up one US cent per i bushel in December to un- < changed in distant months i on Thursday. September settled at U512.60-1/2, up < 3/4 cent, after posting a I
      Reuter  -  212 words
    • 168 4 Reuter SOYBEAN FUTURES on the Chicago Board of Trade closed mostly higher in moderately light trade on Thursday, ranging from up 9-1/4 US cents per bushel in spot to unchanged in distant November. Reports on Wednesday that the USDA will sell only modest amounts of offgrade soybeans from government
      Reuter  -  168 words
    • 90 4 OIL PRODUCTS THE FAR EAST petroleum products market was quiet yesterday with few price changes from Thursday. Naphtha continued strong on Japanese demand while fuel oil fell back slightly on reports of better supply. Closing prices for crude (fob origin) Dubai (Oct) WTI, West Texas Intermediate, (Oct) US$/barrel Change 14
      90 words
    • 86 4 AFP THE Australian government has said the minimum price for Australian wheat paid to domestic producers has been cut in the face of continued subsidised sales by the US and the European Community. Primary Industry Minister John Kerin said on Thursday the preliminary guaranteed
      AFP  -  86 words
    • 254 4 AP FACING severe fertiliser shortages, Asian and Pacific countries have been urged to exploit local raw material deposits for their domestic fertiliser industries, says a UN report. The report by the UN Economic and Social Commission for Asia and the Pacific said a study
      AP  -  254 words
    • 790 4 Reuter COFFEE Robusta coffee futures closed steady on Thursday evening, with gains of around £50 a tonne but as much as £10 below the highs registered in forward deliveries. Trading was less active, with the physical market remaining quiet in the absence of roaster buying beyond hand-to-mouth requirements
      Reuter  -  790 words
    • 173 4 RAS prices m S cents/kg, FOB in fa oles NOON CLOSE Buytfi SeNers ItiyM Sellers tnt 1 RSS Prompt 182.00 183.00N 183.50 184.SON Int 1 RSS Oct 86 181.50 182.00 183.00 184.00 Int 1 RSS Nov 86 181.00 181.50 183.00 183.50 Int 2 RSS OP 176.50 178.50N 178 00
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    • 31 4 (cents/kg, 1-to« M***) OCT 86 NOV 86 (current month) (forword month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 161.00 163.00N 161.50 163.SON SSR 50 161.00 163.00N 161.50 163.50N
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    • 124 4 ChintM Produce Exchange Sedan' noon downo prices on Sep* 5 (S$/100 kg) Coconut oil Bufc FOB 43.00 CHd drum FOB 56.00 New drum FOB 60 00 Copra Mixed (loose) 2) buyers Pepper Muntc* White FOB NLW 1317 50 JSZt,«!S .***** ***** 'SSloBNLW ***** ***** Coffee API FOB NSW
      124 words
    • 119 4 SINGAPORE The market ended firmer yesterday with October One RSS Buyers quoted at 183.00 cents per kilo, up three cents from Thursday. In the TSR-20 market, October and November TSR-20 closed at 157.00 and 157.50 cents per kilo, respectively, both up 3.50 cents from Thursday. TOKYO Futures yesterday closed
      119 words
    • 38 4 LONDON US$/tonne clOM k" M'sion/Sumatra Crude CJF Sep 200 00 sir Oct 200.00 sJr Nov 205.00 sk Dec 210 00 sir Jon/Mar 212.50 sir ROTTERDAM US$/tome Polm oil Crude Sumatra/M'sia Sep/Oct 200.00 sk Nov 200.00 str
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    • 65 4 Bangkok (USS/tonne, FOB) White Rice 100% 1st class 260 100% 2nd class 225 100% 3rd class 220 5% 210 10% 205 15% 200 20% 190 25% 180 35% 180 Broken Rice A-1 Super 133 A-1 Special '30 C-1 Special C-1 Ord unq Loonzain Rice 100% 1st grade unq 100%
      65 words
  • Page 4 Miscellaneous
    • 61 4 Doonesbury ry. ULI UJHO DO YOU THINK REPRESENTS «K Vi ;»i 7Wf a' REAGAN! PAFT/UNE RONAU? A6AIN,EH, SI. REAGAN. COMPAWES? REAGAN. I Li AS m Pi *T>\ il H BY GARRY TRUDEAU OKAY,; LASTQUBSTJON. (OHO mil? YOU RATHER HAVE IN CHARGE, FREEDOM-LOWS CON~ TRA& OR VILE, REPRESSIVE SANDINISTAS -t-N y
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  • BANKING AND FINANCE
    • 378 5  -  By DAVID GABRIEL, Special Correspondent JAPAN'S maze of rules on financial markets places it at a disadvantage against tree markets operating in New York, London, Singapore and Hongkong, according to Mr Takashi Suzuki, a director of the Niton Keizai Shim ban. In
      378 words
    • 107 5 AFP JAPAN'S Mitsui Trust and Banking Co yesterday became the fourth Japanese bank this year to be granted a banking licence to operate in Hongkong. A government spokesman said the bank, incorporated in Japan in 1948, had been granted a licence to
      AFP  -  107 words
    • 162 5 Reuter NEW ZEALAND is to raise US$l.25 billion in American capital markets, one of the largest loans ever raised by the country. Finance Minister Roger Douglas, who is in New York, said in a statement released in Wellington that the US$l25 billion is part of
      Reuter  -  162 words
    • 486 5 Reuter LATEST Federal Reserve data suggest that the US central bank is keeping an ample supply of reserves in the banking system despite higher-than-expected bank borrowings from its discount window, economists said. Since cutting its discount rate to 5-1/2 per cent on
      Reuter  -  486 words
    • 104 5 Reuter MAJOR THAI commercial banks agreed to cut deposit and lending rates by 0.75 percentage point, effective from Sep 8. The president of Siam Commercial Bank Ltd Tarrin Nimmanhaeminda said the minimum overdraft rate of at least six commercial banks will fall to 12.25 per
      Reuter  -  104 words
    • 189 5 NYT ARGENTINA'S Treasury Minister, Mario Brodersohn, said on Thursday his government was seeking a loan from the International Monetary Fund that would insulate Argentina from future falls in world agricultural prices. He said Argentina was seeking commodity-price linkage in a new
      NYT  -  189 words
    • 561 5 NYT HARDLY A DAY goes by when developments in the world's financial markets do not provide still another graphic illustration of the extent to which the speed, volume, value and complexity of financial transactions have increased. Indeed, the long-term implications (or
      NYT  -  561 words
    • 493 5 Measure expected to restore confidence Bernama SOME OF THE 24 deposit-tak-ing cooperatives (DTCs) whose assets have been frozen by Bank Negara pending investigations welcomed on Thursday the Malaysian government's proposal to provide MsBoo million for a special programme to save them. A Malaysian newspaper report
      Bernama  -  493 words
  • MONEY AND EXCHANGES
    • 709 5 Reuter SINGAPORE: The US dollar yesterday closed lower against most major currencies mainly on speculative selling after a day of thin and nervous trading. Operators were cautious after Japanese Finance Minister Kiichi Miyazawa confirmed that he will visit the US this weekend to meet US Treasury Secretary James
      Reuter  -  709 words
    • 233 5 Interbank rotes at 3pm yesterday: CiirrenciM NoMkMl rdM SmMkMRiM ■M (Nkr moo portly 0>W|l Local dollar* to QUI mwt #f foffiQM c*rrm*cy US dolor 2.1605 ***** 2.8196 -23 38 Storing pound 3 2461 ***** ***** -55 82 Australian dolor 1 3265 1 3293 ***** -61.31 NZ dolor 1
      233 words
    • 50 5 RESULTS OF TENDER held on Sep 5 for 91-day bills to be issued from Sep 8 to Sep 12: Offered: $200,000,000 Applied for: $588,300,000 Alletted: $200,000,000 Accepted bids: $99.43 approximately 30 per cent, higher bids in full. Average rate «I dlseeeat ea allotment: 2.215 per cent per annum.
      50 words
    • 486 5 BA Futures DECEMBER BanMUr yesterday opened 5 ticks higher than CME's close at 94.23 after news that Japanese Finance Minister Kiichi Mlyazawa will be leaving Tokyo (or talks with US Treasury Secretary Jan» Baker on Interest rates and currency The December contract finned to 9125 Initially In active trading.
      BA Futures  -  486 words
    • Article, Illustration
      130 5 THE OVERNIGHT rate on money market closed at 1 1/4 yesterday, down 1 2/4 point from Thursday. The one and two-month term rates were unchanged while the three-month rate fell by 1/16 point. hdcates the iwriff of the prime lendmf rates of 12 major banks operating in Singapore
      130 words
    • 271 5 Asian market ASIAN DOLLAR deposit rates dosed slightly tower yesterday. One month closed at 515/16 5-13/16 per cent, down 1/16 point from Thursday night, three and six months at 54/4 5-5/8 per cent each, both down 1/16 and one year at 5-7/8 54/4 per cent, down 1/16. Short-dates dosed little
      271 words
    • 195 5 HONGKONG: Gold closed stronger yesterday. Bullion ended at U*****/416 an ounce against an initial U*****.50/413.50 and New York's final U5*408.75/U*****.25. On the local market, gold finished HKJ79 higher at HK53.832 a tael. The Krugerrand price rose HKI6S to HK13.190. The Maple Leaf was up HKJS2 at HK53.315. TOKYO: Yen-denominated
      195 words

  • TIME-OFF
    • 502 6 NUDITY DOES NOT reduce humankind to equality, so one gentleman found out at a nudist camp in Los Angeles. Women pay less to join and they are charged lower fees for some of the camp's programmes. The man is now suing the nudist camp for sexual discrimination.
      502 words
    • 603 6  -  Letter from England MAX COMMANDER, who doesn't know the difference between a pas de deux and a jete, had to depend on his family to file this report on the Bolshoi's visit to England. MAX COMMANDER, WE WENT to the ballet. Actually, that's not
      603 words
    • 1171 6 What's on from Sep 6-12 WĔmMĔĔm u CONCERT: ISO featuree Victor Tratyakov. Victoria Concert Hall 9.15pm. Programme includes Mendelsohn's overture to A Midsummer Night's Dream and Brahms's concerto for violin and orchestra in D, Op 77. Tickets at $4, $7, $10, $15 from Victoria Concert box office, Tangs Superstore
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    • 475 6 EVER SINCE Alex Haley's book Roots, the story of one man's search for his heritage, was published and widely read, it sparked off a worldwide interest in one's cultural origins (and in the United States something akin to a national movement, perhaps because
      475 words
    • 261 6 A LOCAL racing guide brags that it has been computerised since 1984. And to belabour the point that the computer the publication is using is reliable, the publishers went on to describe the computer as "a more advanced computer system, in use by scientists, aerospace, militaries
      261 words
    • Article, Illustration
      409 6  -  ay Mike Thumba Problem: If you were declarer fZast, can you make the contract of four spades? If you use the technique of "loser on loser", of which I spoke about last week in this column, you could win the game. Please tell us how you arrived at a
      409 words
    • 71 6 TONIGHT* soloist for ths SSO concort is Sovist violinist Victor Trstyskov. At 1», Victor Trstyskov rscsivsd ths first prizs st ths AllUnion Contsst of Musicisns snd ths 3rd Intsrnstionsl Tchsikovsky Competition. His succsss st this compstition opsnsd up countlsss opportunitiss for concsrt sctivitiss both in ths
      71 words

  • SPORTS
    • 564 7  -  Chance for Leslie Khoo to boot home a double By BRIAN MILLER WHEN GIVEN THE CHANCE, Leslie Khoo seldom rides a bad race. An extremely competent hoop, the local lad has won 14 times this season which doesn't really do him justice. But then again, Khoo
      564 words
    • 511 7 AFP TWO-TIME Wimbledon champion Boris Becker of West Germany advanced to his first United States Open Tennis Championships semi-final with a 6-3, 6-2, 6-1 rout of unseeded Milan Srejber of Czechoslovakia on Thursday night. A National Tennis Centre night-time tournament record crowd of 20,773 booed
      AFP  -  511 words
    • 170 7 UPI LARRY MIZE birdied the final four holes on Thursday to shoot a 7-under-par 64 and take a one-shot lead after one round of the US$4OO,OOO BC Open. Rick Fehr, with his lowest round of the season, was one shot back at 65 over
      UPI  -  170 words
    • 518 7 UPI BERNARD HINAULT of France says he will not ride against Greg Lemond today at the World Cycling Championships because the two are team-mates. Hinault, the defending champion in the men's professional road race at the World Championships, lost to Lemond in the Tour
      UPI  -  518 words
    • 187 7 Reuter THE US TEAM won 10 of 16 total points against an eightman international squad on the first day of the Senior PGA Tour's inaugural team competition on Thursday. The four-day event, a modified version of the Ryder Cup, is being played on the newly
      Reuter  -  187 words
    • 186 7 UPI NANCY LOPEZ made her title defence of the US$2OO,OOO Portland Ping Championship yesterday on one of her favourite golf courses. "This course is a very special one to me," said Lopez. "You have to hit the ball to certain areas to play well. I
      UPI  -  186 words
    • 300 7 Reuter FRENCH yachtsman Yves Pajot, putting his financial and court battles aside, now looks forward to contests on the seas and his challenge for the America's Cup. Pajort and his crew flew out to Australia yesterday as their
      Reuter  -  300 words
  • Page 7 Miscellaneous
    • 1158 7 to vm mm FRANK CAPRA DIRECTS Mr Smith Goes To Washington 9pm, Channel 12 *•">*••• J: James Stewart (above) plays an idealistic young senator who finds corruption rampant in the capital corridors of power. Jean Arthur is the hard-boiled secretary who is on the payroll of a corrupt senator, heading
      1,158 words
    • 8 7 Bristcw: i see his £>f?oTMee's oves Meße Ftfom
      8 words
    • 773 7 CRYPTIC PUZZLE ACROSS 8 Con turn out I popped in the cord (7) 9 Whot consomme has on other soups in th« popularity pofa? (5, 4) 13 It's not playing the game, dropping me in the islands (5) 14 With a container from the kitchen, try to moke a gome<s)
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  • INTERNATIONAL STOCKS
    • 242 8 FT LOSSES at the troubled PCW Syndicates cut 1983 profits at the Lloyd's insurance market from £179 million to £36 million. The latest impact of the PCW Syndicates on the insurance market emerged when Peter Miller, the Lloyd's chairman, presented results (or the 1983
      FT  -  242 words
    • 124 8 NYT IN A SETBACK for the Hunt Brothers, a federal judge has ordered them to transfer their bankruptcy i hi to Dallas from New Orleans. Judge Barefoot Sanders ruled on Thursday in Dallas that they had violated his order not to file bankruptcy papers
      NYT  -  124 words
    • 101 8 Reuter DOME Petroleum Ltd faces a possible default on its debt and has called a meeting of creditors on its Swiss franc obligations for Sep 30. In an advertisement published in Swiss newspapers yesterday, the company said that without a sharp recovery in oil prices, a
      Reuter  -  101 words
    • 311 8 Reuter WALL STREET stocks surged to record highs on Thursday as strong gains in retailers, oils and technologies provided the basis for a broad market rally. Transportation stocks and fu-tures-related buy programmes boosted the market in one of heaviest recent trading sessions.
      Reuter  -  311 words
    • 146 8 sir o« AMfcx a 22* Imp CH a A Inco bnt Pro* P*>» 7 18* 41* -37* 10* Alcan Alum Algomo Stl DOnR JCOVIQ Bank Of MonWal 45* 14 IS* 32 39* ki InM K«rr Addfcon Lototow Co Mc BkxM 20H 16* II* 37* Bp Rwotrcw Br OK on
      146 words
    • 216 8 SEP 04 M INDUSTRIALS Tongoot Tru* Bk Un StMl 780 135 75 20 5 WoaHrvj 1450 A Alpha 1080 unch Aborcom AM 280 1325 490 X Ml MMGS 6750 AMlC .11 S02S 2100 2775 45 unch 8uff*i* 2425 ***** -75 -400 C G Smith 1900 CNA Cum* FHnar MV
      216 words
    • 727 8 sir 04 US$ T 25 4* Novstar 8 4* Alcan Akmn 32* Ruor Cp FMC Cp Z 15* IS* 4* 4* NOB Corp Nawmont 55* 57* 41* 4* AJCOQ 40* 1* Ford Motor 4* I^orfoli S3 41* Alag htt IS f '#«port Mcnxx Ftoufoouf Cp 20* AM Sag
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    • 887 8 Amsterdam sir 04 Ffc ABN 586 SO 2 5 Aagon 108 20 1 4 Ahotd 96 50 -*-0.1 Akio 163B0 4-31 Atooo ***** -0.1 AMCV 79 70 +1.7 A/nro Bank 106 70 09 Am St ad 129 70 *1.7 B*rV*i 41 SO +2 Bofvjrrn ***** +0 5 Buahrman
      887 words
  • Page 8 Advertisements
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      145 words
    • 155 8 /Savour the\ /'Manhattan Splendour' A superb lunch experience with a grand variety of home made soups, the largest salad bar, fresh seafoods, succulent meats, savoury poultry and delightful desserts. A complimentary aperitif for all patrons. The Manhattan Splendour a superb choice at only $24.50*. Subject to 10% terrier charge A
      155 words
    • 81 8 m m 7r m Wt ganji V ■w ti S3 m Hi Lk Hill Ifl, KIVH&Jtt ZDAD, $HGAt>CX£og2Dia-2K0122 1. Over 23 items, including soup of the day, beef, pork, chicken, mutton, desserts etc. 2. BBQ at the comfort of your own table. 3. There is no limit to htm much
      81 words
    • 147 8 From 16 August to 30! yourself on the very Pes Matsuzaka Beef. Select from our Nst of liquor available in full bottles at very reasonable prices jtember feast f Japanese beefOMParr M«nv Martm vsop MartM vso*> Martrt Cordon lieu Mennessy xo Lunch. 12 Noon-2.30 pm Dinner: 6.30 pm -10.30 pm
      147 words
    • 192 8 on Pag* 11 g' !iw "flB IViTi [d hi l a T^iJl I I ©PWNCEiprEL Managed by Pnnce Hotels Japan Continuing the Prince Hotels tradition of friendly service 270 Orchard Road,Sinppore 0923. Telex RS ***** HCROWN Cable CROWNHOTEL Fa* *****18 Tel *****11 Diary of Food Events! »< ClAkurumava Km* lAPANCSC
      192 words

  • ASIAN STOCKS
    • 384 9 HONGKONG: Share prices closed sharply higher yesterday as strong demand from local and overseas investors pushed the Hang Seng Index to a record close. The index rose 21.83 points to 1,968.53 to surpass the previous high of 1,960.12 set on Aug 18. The Hongkong Index gained 14.92 points to
      384 words
    • 230 9 SfP 05 Al Smear* Mm MT$ 1 72 unch Kuochan Dav Laa Chang Yuan 20 50 31 40 ♦0.1 23.80 11 50 3) 30 +01 Nan Ya Plos 13 40 0 5 Chang Hwo Bank 39 30 24.00 unch unch Not Investment 364.00 32 2370 19 60 Chin Ktain
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    • 317 9 TOKYO: Shares closed sharply higher in heavy trading yesterday, sparked by the heightened possibility of a concerted rate cut and Wall Street's overnight rally. The Nikkei Average closed near the day's high, rising 215.44 points to 18,775.08, extending Thursday's 54.19-yen gain. The composite TSE index for the major first
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    • 65 9 Sf t 05 Paw Moretaai Onantai B 0014 0.016 unch unch ***** -***** PMas 6 030 002 Apax Mrang B 0.015 +0001 13 +275 plot 267 50 185 BoguK) Gold Son Miguat B 65 unch 0 0085 unch Banguat Con. B Fint Phi Hkto 109 +11 4.10 -0.4 -0
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    • 416 9 SYDNEY: Australian share markets closed near record highs in brisk trading yesterday, buoyed by firm bullion prices, sharp rises on Wall Street and further healthy end-of-year company profit results, brokers said. At the close, the All Ordinaries Index had risen 6.8 points to 1,238.5, less than 10 points off
      416 words
    • 107 9 SEP 05 Owl Sugar Won 1930 -12 K4 Kangwon M Kio Motor 1700 1088 1911 10 '1 -9 535 +1 2230 -5 Doawoo Corp 1510 IWS -70 -7 Korea Long T«rm 1414 1610 70 L*ich Danhn Stcuitm Dong Ah PSor Dong Siii Stock 3220 880 1720 1650 10 -30
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    • 154 9 Reuter BANGKOK: The Securities Exchange of Thailand Index yesterday lost 0.31 point to 159.45. Turnover amounted to 1.456 million shares valued at 264.3 million baht. Reuter iff 05 1 Ao Khom Thai MM S«am C«m«nt S«m Citaam Stam Oizant 687 (tap 18 Ayudhyo lnv«*tm«n» 176 35 75 2 -05
      Reuter  -  154 words
    • 52 9 Reuter ICI Australia Ltd has acquired Ferro Corp's zirconia operation at Bow, New Hampshire, for an undisclosed sum. The purchase will further ICl's plans to develop world markets for its range of advanced ceramic powders and chemicals. ICI Australia is 62.4 per cent owned by ICI
      Reuter  -  52 words
    • 189 9 Reuter PACIFIC Dunlop Ltd of Australia said earnings from international operations are becoming more significant and now represent 23 per cent of sales and 26 per cent of profits. The company earlier reported a rise in net profit to A 5106.12 million for the
      Reuter  -  189 words
    • 97 9 Reuter ISHTKAWAJIMA-HARIMA Heavy Industries Co Ltd, Dfl, is considering closing down 60 per cent of its 720,000 compensated gross registered ton shipbuilding capacity due to sluggish demand. A company spokesman said yesterday a final decision on the plan will be made by end-March
      Reuter  -  97 words
    • 76 9 Reuter SHOWA Aluminum Industries KK will be closed down by end-Octo-ber, company officials have said. Showa Denko KK, 100 per cent owner of Showa Aluminum, will take over most of its operations from November and start new divisions for importing primary aluminium, selling
      Reuter  -  76 words
    • 285 9 AFP SANYO Electric Co Ltd, one of Japan's biggest electronics manufacturers, is to set up a plant in the US to produce compact and optical discs, the Osaka-based company has announced. Construction is to start in Richmond, Indiana, on Oct 1 and
      AFP  -  285 words
    • 96 9 Reuter ISLAND Navigation Corp, the private arm of the Tung shipping group, plans to extend a temporary operating agreement shortly after its expiry, sources involved in the group's restructuring said. The temporary agreement will keep the company afloat during the refinancing of its US$l.25 bil-
      Reuter  -  96 words
  • Page 9 Advertisements
    • 190 9 w i?.S> Start ofA New Experience Kinta-Mani Transports the old world charm of Indonesia to you Tastefully furnished and decorated with art and batik that's uniquely Indonesian Lunch or dine under cloudy blue sky Tickling your palate with an authentic Indonesian cuisine is only half the experience. The other half
      190 words
    • 141 9 i &> übertui <$rill Hooray for Sunday! Sunday Brunch at the Hubertus Grill. Make it an occasion for the whole family. Sausages, bacon, oysters, smoked salmon, tasty entrees... right through to pastries, puddings, fruit salad and cheeseboard Sunday Brunch: 11 am 2.30 pm $24 for adults. $12 for children Prices
      141 words
    • 176 9 Paramount Hotel Where the happy people go §j£- '»'> ►1 "V "K r /i i*! This month's delight A LA SINGAPURA Buffet Lunch Dinner Sep 3 30 Adult: $12.50 Child: $B++8 Special Feature Friday Vogue September 12, 19 26. Showtime: 1.15pm k LEVEL 4, Paramount Hotel, Marina Parade Road, Singapore
      176 words
    • 96 9 THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy o gourmet buffet luncheon of on ungourmet price' For starters, take your puck of our cold dishes prawns on ice fresh oysters smoked salmon, melon and dried ham. vegetable temne. mixed seafood salad cooked assorted vegetables ana homemade dressings Select your main
      96 words
    • 151 9 PLUS A TOP LOCAL BAN! Every night, we have 2 top bands to entertain you Bay bells Band and our own local band. Provides you with an endless repertoire from sentimental I favourites to hot disco rock. I I Happy Hours 12 noon-7pm i Buy 1 and get 1 free
      151 words

  • SHARE INFORMATION
    • 4303 10 THE BULLS came roaring back yesterday after a technical correction on Thursday. Share prices rose sharply, to the delight of investors. The Straits Times Industrial Index rose 10.62 points to 844.88 and the BT Composite Index finished 9.74 points higher at 718.83.
      4,303 words
    • 176 10 SINGAPORE Rises Indices Not Iron 466 OSS 785 toho* 100 Www 450 Simt Slapyord 233 Gaorga Ka*t 50< 110 H Laaap lad 50« 161 O C C 810 Sfon Load 525 Matro Hid* 416 Pori« Moot 406 Haw Pw 312 Ala* HUfi S0< 170 Goatiagi 505 Falls
      176 words
    • 4270 10 BID and offer prices oflUally listed and business in and reported to the Stock Exchange of Singapore yesterday with The number of shares traded shown in brackets tn lots of 1,000 units ■«»1— otherwise specified. All Time Settlement Contracts are quoted after the word "SETT*".
      4,270 words

  • COMPANY NEWS
    • 242 11  -  GCpitf mkot By RAMESH CHANDIRAMANI AN INTERESTING development has, over the past two weeks, been slowly unfolding on the local stock market. Most Malaysian-based counters have stopped falling and some are even preparing to start new bull markets. One such counter is Innovest Bhd, the manufacturing-cum-engineering
      242 words
    • 177 11 Reuter MORE STATE companies in China are expected to sell shares to their workers because the first four that did so increased profits, output and export earnings, according to the People's Daily overseas edition. It said workers at three factories in
      Reuter  -  177 words
    • 405 11  -  (BOOSTS By AMY CHEOK A JAPANESE PARTY has shown interest in acquiring half to three-quarters of one tower at Financial Plaza, which is being constructed on Hongkong's Admiralty n site, according to Sino Land's director Robert Ng Chee Siong. Speaking in Hongkong yesterday,
      405 words
    • 851 11 LONDON share prices opened higher yesterday, boosted by the record high close on Wall Street overnight. But the early lead was eroded and at I.oopm, the FT 30 Index was up only 2.4 points to 1,336.7 while the FTSE 100 Index was up five points to 1,685.3. On
      851 words
    • 405 11 AS PART OF its plans to diversify from its traditional chocolate business, Sunshine Allied Investments Ltd, has agreed to participate in a US$33 million hotel project in China. The Singapore-listed company, formerly known as Allied Chocolate Industries, said its participation
      405 words
    • 572 11  -  By CHAN OI CHEE THE JACK CHIA Enterprises (Malaysia) Bhd group, which suffered a plunge in profits last year its first since 1960 is facing an uphill task to halt the decline in the current financial period. Chairman Jack Chia's view of the
      572 words
    • 84 11 DUTA CONSOLIDATED Betted: 16th AGM at Conference Room, 15th Floor, Bena Tower, 160, Jalan Ampang, ***** Kuala Lumpur on Thursday, Sep U, at 11am. PAN MALAYSIA CEMENT WORKS Berhad: 23rd AGM at the MUI Plaza Conference Centre, 1st floor, MUI Plaza, Jalan P Ramlee, Kuala Lumpur on Friday,
      84 words
    • 113 11 HONGKONG All Industrials Hongkong Index Friday 1970 9 Thursday 1965.7 Friday J 239 01 Week ogo 1897.0 Thursday 1224.09 Week ago 1199.84 NEW YORK Hong Song Index Dow Jones Friday Thursday 1919.71 Thursday 1946 70 Wednesday 1881.33 Week ago 1913.00 Week ago 1900 17 TOKYO Standard Poors Nikkei
      113 words
    • 272 11 Managers' prices for Sep 6 8 MARA-Bumiputra First B'putro 4 87 4 92 Second B'putra 4 4o 4 3J 1 Singapore Unit Trust Thed B'putra Fourth B'putro 3.41 346 3 86 3 91 The Commerce 0 90 0 97 Fifth B'putra Sixth B putro 2 49 2 54
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  • Page 11 Advertisements
    • 271 11 NOTICES THE COMPANIES ACT, CAP. 1U CHONG UM ENGINEERING PTE LTD At an Extraordinary general meeting of Chong Llm Engineering Pte Ltd duly convened and held on the 30th day of the August 1986, the following special resolution was passed: SPECIAL RESOLUTION That the company be wound up voluntarily pursuant
      271 words
    • 299 11 IN THE MATTES OF THE COMPANIES ACT, CAP. ltt AND IN THE MATTER OP BEST SPORTS (PTE.) LTD. (INCORPORATED IN THE REPUBLIC OP SINGAPORE) At an Extraordinary General Meeting of the members of BEST SPORTS (PTE.) LTD., duly convened and held at the registered office, 268 Orchard Road, #03-01, Yen
      299 words
    • 302 11 IN THE MATTES OF THE COMPANIES ACT, CAP. 1M AND IN THE MATTES OP NAHAR COMPANY PRIVATE LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) At an Extraordinary General Meeting of the members of NAHAR COMPANY PRIVATE LIMITED, duly convened and held at the registered office, 268 Orchard Road, #03-01, Yen
      302 words

  • 421 12 Women earn 27pc less than men on average SINGAPORE WOMEN on the average earn 27 per cent less than the men, but this gap is expected to shrink, says the National Trades Union Congress (NTUC). An article in The Singaporean
    Source: ILO and Singapore Labour Force Survey 1984  -  421 words
  • 414 12 Reuter THE NON-ALIGNED summit in Harare has agreed on an economic declaration which says the Third World debt burden is unbearable but it stops short of calling for non-payment. An economic commission, on which all 101 members of the Non-Aligned Movement are
    Reuter  -  414 words
  • 471 12  -  By CHUANG PECK MING CYNICISM greeted the guest speaker at a London seminar promoting investment in Singapore. Some of the British businessmen invited by the Economic Development Board, which organised the event, still believe Singapore to be an expensive place in which to live. One
    471 words
  • 263 12 FIRST Deputy Prime Minister Gob Chok Tong has gained some first hand insight into the role of women and youth in politics, and particularly the part they play in the ruling Conservative Party Following a meeting with him on
    263 words
  • 167 12 Stock Price* on Price on Prico on Weekly <%)•• May 2(1) Aug 29 8«p5($) O change RISES GE Life 12.00 17.00 17.30 44.1 Gold Coin 1 48 2.60 2.87 +93.9 Bukit Sembowong 2 40 3.70 3.96 +65.0 ItttOfl 1.25 3.20 3.42 173.6 Sembowong Ship 0.96 2.11
    167 words
  • 251 12 IN A WEEK characterised by substantial profit-tak-ing, most trustee stocks still finished with gains. This reflected the underlying positive outlook on the stock market and in particular the 71 trustee shares. Some of the best gainers came from the property, retail, marine, insurance, and manufacturing sectors.
    251 words
  • 180 12 THE PARLIAMENT (Privileges, Immunities and Powers) (Amendment) Act 1906 comes into effect today, two days before opposition MP J B Jeyaretnam appears before a Privileges Committee for alleged breach of parliamentary privilege. Under the Act, any MP found guilty of dishonourable conduct, abuse of
    180 words
  • 400 12  -  By JEFFREY TSANG THE GENERAL MANAGER of the Economic Development Board and the National Computer Board, Tan Chin Nam, has been appointed deputy chairman of the NCB. This position, previously unfilled, will give him the responsibility of providing policy and strategic
    400 words
  • 114 12 AP US CIVILIAN Joblessness, falling for the third straight month, dropped to 6.8 per cent in August as a six-month slide in manufacturing employment ended. Employment rose to a record 110,155,000 as 240,000 to 275,000 Jobs were created last month, the Labour Department said yesterday. That
    AP  -  114 words
  • 103 12 Reuter AUSTRALIAN Foreign Minister Bill Hayden has said Indonesia's suspension of landing rights (or Australian military planes could disrupt training exercises with Malaysia. Royal Australian Air Force Mirage fighters and Orion reconnaissance aircraft pass through Indonesia to the Joint Australian-Malaysian air base at Butterworth.
    Reuter  -  103 words
  • 78 12 Reuter COMEX GOLD FUTURES rallied over Thursday's three-year highs on active buying yesterday morning, spurred by worries ahead of the economic sanctions planned by the EC against South Africa. Gold for delivery in December rose US$ll.5O at U*****.00 an ounce, penetrating Thursday's peak of U*****.50. Silver
    Reuter  -  78 words
  • 66 12 Reuter WALL STREET stocks were mixed In early trading yesterday, but shares of oil companies, which helped boost the market into record territory on Thursday, remained strong. The Dow Jones Industrial Average rose two points to 1922, adding to the record set on Thursday when the Dow
    Reuter  -  66 words
  • 193 12 Reuter AUSTRALIAN Treasurer Paul Keating said yesterday that he will continue to impose tough budget measures for the next few years to reduce the country's huge trade deficit and external debt. "We did what was necessary this year, and we will do it again
    Reuter  -  193 words
  • LATE FILE
    • 53 12 AP FOUR MEN firing machineguns seized a PanAm Jumbo Jet with up to 400 people at Karachi airport yesterday, fatally shot an American and tossed him off the plane. The hijackers offered to release all the hostages if a crew were provided to fly them
      AP  -  53 words
    • 46 12 AFP PRESIDENT Corazon Aquino and Muslim rebel chief Nur Musuari agreed to continue an informal ceasefire and open peace talks at a meeting in Jolo yesterday. A Joint statement said that the two leaders would form panels "for substantive negotiations". AFP
      AFP  -  46 words
    • 59 12 Reuter THE WEST GERMAN economy, strongest in western Europe, has rebounded after a slow start this year. The Federal Statistics Office said Gross National Product was up by 2 per cent in AprilJune on the first quarter of the year. Compared with the same period of
      Reuter  -  59 words
    • 62 12 AFP JAPANESE Prime Minister Yasuhiro Nakasone seems certain of staying In power until October 1967 after a series of deals made within his ruling liberal Democratic Party. A compromise has been struck between representatives of Mr Nakasone and the three main aspirants for his
      AFP  -  62 words
    • 34 12 UPI CHINESE lawmakers yesterday failed to approve an unprecedented Bill allowing bankruptcies in state-owned firms because of "major differing opinions" on the legislation, the official Xinhua news agency said. UPI
      UPI  -  34 words
  • Page 12 Advertisements
    • 52 12 HOUSING LOANS w— )iu n i JOURNAL OF Interview with IDB chairman Philip Yeo Profiles off the EDB offshoots JTC, SIM, NPB, DBS and Sisir Housing loans: More paths to that dream-house The controversy continues Maid-in-Singapore is best, suggests a working woman o life on Pulau Hujong: Paradise lost? ON
      52 words
    • 36 12 Tha following raport and tabla ia a waakly aarvica providad by BT for invaatora. It highlighta tha outstanding parformars and tha Mggaat loaars among tha 71 truataa sharas that qualify for tha CPF Approved Invaatmanta Schama.
      36 words
    • 110 12 TRANS INTERNATIONAL PTE LTD (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES The undermentioned Share Certificates have been reported lost or destroyed Share Certificates Name of No. of Shares of fTtl *4 no. ywrtnoKwf 90Cn 3. 4. 6 and 8 Udinda Asia 375.000 Enterprises (Pte) Ltd Notice is hereby
      110 words
  • Page 12 Miscellaneous
    • 43 12 Outlook: Showers over several areas in the lot* morning and eody oftci noon. Rooort for 24 hours prior to 7. jOpm on Sep 5 at the airport: Maximum temperature 29.4 Attoaoted humidity 77 Minimum temperature 24 Aisoctoted humidity 96 U L! A m
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