The Business Times, 19 May 1984
1984-05-19
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The Business Times
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Title Section12 1984-05-19 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, MAY IS, 1984 60 CENTS12 words
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147 1984-05-19 1 AS EXPECTED, Overseas Union Bank has announced a change in its interest rates the last among the "Big Four" to do so this week. In the wake of rising US interest rate, several banks here have pushed up their prime rates. With effect from147 words
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110 1984-05-19 1 AP THE AMERICAN economy grew at a robust annual rate of 8.8 per cent in the first three months of the year as the enduring strength of the recovery continued to surprise the experts. The Commerce Department yesterday once again revised upwardAP - 110 words
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Article53 1984-05-19 1 Reuter HUMAN translators beware a Japanese company has developed a computer-assisted machine which can translate Japanese into English at 3,000 words an hour. Bra vice International says in Tokyo the machine will be put on sale next month. But the translations still require polishing by aReuter - 53 words
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Article, Illustration458 1984-05-19 1 RAMESH CHANDIRAMANI - BT Composite index at 13-month low By RAMESH CHANDIRAMANI THE FULL FORCE of a BT report that the Monetary Authority of Singapore is monitoring the loan portfolios of financial institutions descended on the stock market yesterday, sharply depressing share prices. Bearing the458 words
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380 1984-05-19 1 DESIGN WORK on Phases 2A and 2B of the Mass Rapid Transit system is scheduled for completion by the end of next year. The MRT Corporation has set this deadline so as to get the entire system operational by 1992. Racing ahead380 words
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65 1984-05-19 1 Reuter JAPANESE shipowners said yesterday that they were still sending vessels to the Gulf, despite Iraq's announcement that its aircraft had attacked two more large ships near the Iranian coast on Thursday. A spokesman for the Japan Shipowners' Association said the shipowners madeReuter - 65 words
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Article, Illustration263 1984-05-19 1 THE FINER side of life must not be missed next month's Festival of Arts, for instance. People from all corners (or almost all) of the island will be treated to the sight of a van, decked in the festival colours of red,263 words
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Article97 1984-05-19 1 WHAT the public eyes do not recognise as fake the heart doesn't grieve over, or so director Patrick McCaughey of the Australian National Gallery thinks. He has confirmed that one of the museum's most prized pictures, a self-por-trait of Rembrandt, is actually an imitation painted by an97 words
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Article362 1984-05-19 1 HEAVY withdrawals have continued to hit Continental Illinois Bank,the eighth largest American banking group, as the government and private bankers mounted the largest rescue operation in US banking history to shore it up. On its part, the bank is searching for merger with another bank to help362 words
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127 1984-05-19 1 THE SINGAPORE branch of Continental National Bank of Illinois, now in grave financial trouble la Chicago, will go on as Dormal. There are "absolutely" no plans to elooe down the Singapore branch or trim it* operations. This assurance was given yesterday by Mr R127 words
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134 1984-05-19 1 UPI PRESIDENT Ferdinand Marcos yesterday ordered his 28-mem-ber cabinet to resign to allow a reorganisation of his government after losses by his ruling party in the National Assembly elections. Unofficial results showed the ruling party leading for 98 of the 183 electiveUPI - 134 words
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Page 1 Advertisements
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Advertisement146 1984-05-19 1 IMAC-ASIA '84 S E Asia's 4th International Exhibition of Materials Handling Physical Distribution Equipment 25 29 June WTC An Interfama organised show Tel: *****12 -V m MacGregor SYNCH ROUTE The revolutionary lightweight dubs I The Synchrolite System is lighter, generating GREATER CLUBHEAD SPEED. When you generate greater \clubhead speed, you146 words
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Advertisement264 1984-05-19 1 mm SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGE 5 SOME major local hotels can save more than $23,000 each month in their energy bills if they implement appropriate energy conservation measures, a PUB survey shows. Page 2 SPOT OIL prices declined as international traders waited to see whether a264 words
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Advertisement251 1984-05-19 1 CONPEX-ASIA '84 S E Asia s 4th International Building. Construction Equipment Public Works Exhibition 25 29 June WTC An Interfama organised show Tel: *****12 Leader, Page 6 i it? Adozen good reasons far using it. We make payments and collections easy. You'll have less cash to handle and fewer cheques251 words
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HOME NEWS
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586 1984-05-19 2 BOEY KIT YIN - ENERGY IS PRECIOUS SAVE IT By BOEY KIT YIN SOME MAJOR local hotels can save more than $23,000 each month in their energy bills if they implement appropriate energy conservation measures. A survey on energy consumption in the local hotel industry shows586 words
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382 1984-05-19 2 A HEFTY surplus enjoyed by the Rubber Association of Singapore in 1982 was nearly halved last year due to high property tax and low rental income. Its latest annual report shows that the net surplus of $997,722 in 1983 fell sharply by 1786,256382 words
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126 1984-05-19 2 MORE THAN three-quarters of Hewlett Packard employees in Singapore will receive a "bonus" in their wages next week. Under the company's profitsharing scheme, 77 per cent of the total workforce of 2,800 will be sharing in the company's profits for the first half126 words
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Article, Illustration209 1984-05-19 2 ASEA Singapore Pte Ltd has appointed three new managers. HOON KOH CHIN (systems) was a development engineer with ASEA/AB, the Swedenbased parent company of the ASEA group, for four years. He is a graduate of the Lund Institute of Technology and is currently in Sweden undergoing training209 words
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198 1984-05-19 2 JAPAN will continue its support (or Asean's position on the Kampuchean issue and is prepared to play a role in resolving the problem if Asean wants it to, said Mr Toshijiro Nakajima, Japan's Deputy Vice-Minister for Foreign Affairs. Mr Nakajima, who is198 words
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Article75 1984-05-19 2 AN OFFICIAL from the Arab Republic of Egypt arrived in Singapore yesterday. Mr Mohieddin Khafaga, director-general of the Asian department of the Egyptian Ministry of Foreign Affairs, called on the Minister for Foreign Affairs and Culture, Mr S Dhanabalan. Mr Khafaga also met Mr Peter75 words
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406 1984-05-19 2 LEE HAN SHIH - By LEE HAN SHIH THE GOVERNMENT'S twin approach of building more flats and reducing the number of foreign workers has resulted in the Housing and Development Board coming out with a series of innovations to cut down construction time. The latest of these is innovations406 words
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117 1984-05-19 2 Reuter AUSTRALIA is sending a guided missile destroyer to the Indian Ocean, resuming patrols in the region after a year's lapse, the Australian High Commission said yesterday. A commission spokesman said the destroyer Brisbane was due to leave Singapore on Tuesday to spendReuter - 117 words
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Article, Illustration334 1984-05-19 2 JEFFREY TSANG - By JEFFREY TSANG THE SINGAPORE and Ngee Ann polytechnics yesterday signed a contract for the supply of 16 computer systems. The contract with Far East Computers (S) Pte Ltd is for the supply of eight units of the Fortune XP-30 Microcomputer for each334 words
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245 1984-05-19 2 THE SALE of two mortgaged properties for $1.65 million saved the day for Michael Sim Associates at an auction yesterday. A two-storey detached bungalow in Meyer Road was sold at $1.25 million. The starting bid for the 1,093-sq metre house was $880,000, with each245 words
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Page 2 Advertisements
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Advertisement649 1984-05-19 2 m TOURISM IN ASIA; THE ECONOMIC IMPACT Edited by Elwood A. Pye and Tzong-biau Lin This publication reports the research findings of studies done in Hong Kong, Korea, the Philippines, and Sri Lanka where a quantitative assessment was made of the economic impact of tourism on the economies of these649 words
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OVERSEAS
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357 1984-05-19 3 Reuter THE US government has charged a former Wall Street Journal reporter and four others with engaging in an insider trading scheme that reaped them hundreds of thousands of dollars in illegal profits. The Securities and Exchange Commission (SEC) said on Thursday that itReuter - 357 words
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281 1984-05-19 3 AP JAPAN'S huge trade surplus with the United States cannot be corrected in the short run by making the yen stronger against the dollar, according to a report commissioned by the Japanese Foreign Ministry. The report, by a private economic research institute,AP - 281 words
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Article, Illustration68 1984-05-19 3 APPLAUSE from the First Lady Mrs Nancy Reagan and He Ylng, aged 9, from Shanghai, China, applaud alter a performance by the Little Ambassadors of Shanghai on Thursday In the East Room of the White House. The group performed for President and Mrs68 words
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420 1984-05-19 3 UPI SPOT OIL prices declined as international traders waited to see whether a sharp rise in warrisk insurance rates for ships entering the volatile Gulf would deter tanker traffic to the West's oil lifeline. In London, Lloyd's shipping insurance syndicate said lossesUPI - 420 words
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165 1984-05-19 3 Reuter THE REAGAN Administration is keeping its options open in the Gulf but officials say military action is ruled out unless Western allies take part and it is requested by governments in the region. "We think that whatever we do would beReuter - 165 words
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397 1984-05-19 3 AFP TRADE unions of North America, Western Europe and Japan said "simple exhortations" and a "trickling-down" of growth from North America would not be enough to get the world economy out of recession and create jobs for the millions now out of work. InAFP - 397 words
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291 1984-05-19 3 UPI LIBYA has decided to form suicide squads for liquidating "traitors, fugitives, and stray dogs" around the world to counter alleged terrorist activities by US agents, the Libyan news agency Jana said on Thursday. The Libyan government, in meetings of itsUPI - 291 words
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WORLD IN BRIEF
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Article65 1984-05-19 3 JAPAN'S Mitsubishi Heavy Industries yesterday announced that it has signed a contract with China to export a reactor vessel the first Japanese export to China of nuclear power reactor equipment. Mitsubishi will deliver the vessel in September 1986, for a 300-megawatt pressurised water reactor plant to be built65 words
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Article78 1984-05-19 3 AN AMERICAN federal judge has dismissed a US$25 billion lawsuit seeking damages for Japanese-Americans who were forced to live in detention camps during World War n. Judge Louis Oberdorfer said that the Statute of Limitations for bringing the complaint had long since passed for the men78 words
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Article67 1984-05-19 3 MOSCOW said yesterday that it would stop allowing Western organisations to send parcels to Soviet citizens. The French group Sicomex, which has been sending parcels to the Soviet Union for 28 years, warned in an advertisement in the Russian Emigre newspaper Russian Thought that it would not67 words
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Article68 1984-05-19 3 FROM 1991, all new motorcars produced in the European Economic Community will have to be capable of running on lead-free petrol in order to reduce pollution from exhaust fumes, if a proposal published in Brussels yesterday is adopted. The proposed anti-pollution package, which also deals with other toxic68 words
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Article52 1984-05-19 3 ROBERTO D'Aubuisson has said that he will renew his attempts to invalidate the results of El Salvador's presidential elections, but admitted that the effort to overturn the victory of Jose Duarte was futile. He urged his followers to devote their energies to winning support for the next elections52 words
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Article72 1984-05-19 3 Agencies THE WORLD will soon have more than 1,000 test-tube babies, but the moral issues have hardly been tackled. Robert Edwards, one of the two British doctors involved in the birth of the first testtube baby, said yesterday that science and application of research on humanAgencies - 72 words
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145 1984-05-19 3 Reuter A BILL to toughen warning labels on cigarette packets and advertisements was approved by the US House of Representatives Energy and Commerce Committee on Thursday. The present required warning label on packs and advertisements reads: "Warning: the surgeon general has determined that cigaretteReuter - 145 words
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Article, Illustration257 1984-05-19 3 Bernama MALAYSIAN Finance Minister Tengku Razaleigh Hamzah has urged candidates vying for posts in the May 25 Umno elections to avoid using dirty tactics during the campaign as these would be exploited by opposition parties. He said the influence of the PAS partyBernama - 257 words
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252 1984-05-19 3 UPI UN SECRETARY-GENER-AL Javier Perez de Cue liar warned that there is a "mood of despondency and a sense of helplessness" in the developing world because of the debt problem that is slowing down economic growth. "In many parts of the developing world,UPI - 252 words
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134 1984-05-19 3 Reuter A HORSE has given birth to a zebra colt in what American zoo officials described as the first successful embryo transplant of its kind in zoological history and a chance to help to save endangered species. The grant's zebra colt was implanted as anReuter - 134 words
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Article121 1984-05-19 3 Reuter THE Republican-led US Senate, seeking to reassure financial markets in an election year, approved the US$l44 billion three-year "down payment" on the US federal deficit that President Reagan supports. The plan, approved on a 65-32 vote, must still be reconciled with a $182 billion deficitReuter - 121 words
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Article729 1984-05-19 3 ARRIVALS Operator Service number Local time From PAA CAL MAS KAL CV MAS SV MAS MAS CAL RBA StA CPA GIA SIA SIA THAI SIA MAS MAS GIA SIA SIA SIA GIA THAI SIA GIA SIA THAI SIA KLM CPA MAS UL MAS SIA UTA MAS SIA729 words
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Page 3 Advertisements
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Advertisement14 1984-05-19 3 FVVNI AM Pan Am. Daily 7475P To USA. It Flies Smoother, Faster And Quieter.14 words
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RAW MATERIALS
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517 1984-05-19 4 Reuter DEALER Gill and Duffus more than doubled its estimate of the deficit between world 1983/84 (October/ September) cocoa production and consumption to 132,000 tonnes, the largest deficit since 1971/72, compared with 56,000 tonnes estimated in March. A market report said indifferent main cropsReuter - 517 words
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Article1104 1984-05-19 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL Location Hang dory Maria Anson Peter Ricks Nik Golovan Hammurabi Mont Blanc M Sea Fortune Sea Glory Monte Ruby Cardigan Bay Lampung Arthur Maersk P Fillmore Niaga 22 K Jacejin Bunga Penaga Kai1,104 words
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Article100 1984-05-19 4 TIIK Straits tin price in I'enang was unchanged yesterday at the IT A floor level of M12J.15 a kilo, the level at which it had remained since March d. Dealers said demand remained spars** because of the premium, at present f:2#| a tonne, it holds over the spot100 words
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Article112 1984-05-19 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 3.550 Blue Phoenix 20 s 3.600 Blue Phoenix 32's 4000 Blue Phoenix 40's 4,500 Corded yarn, hank Blue Phoenix 21 's 3,650 Combed yarn, cones Blue PhoeiTx 32's 5.650 Blue Phoenix 40's 5850 Open-end112 words
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Article314 1984-05-19 4 Singapore C-l special Unq (S$/kik>, ei-qodown) C-l Ordinary Loonzom 100% Unq Thai white first grade Unq 100% 1st class 100% second grade 250 (kangaroo) 100% thwd grade Unq new crop 100% 2nd closs 1 05 0 78 Porboiled 100% 3rd class 0 76 5% 260 25% new crop No314 words
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151 1984-05-19 4 AP EXPORTS of US agriculf tural products are expected to L* worth US$3B billion in the fiscal year ending S#»p 30, up 9 per cent from 1982-83, the US Agriculture Department said. The value of farm exports rose to record levels for 12AP - 151 words
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Article130 1984-05-19 4 MALAYSIAN crude palm oil prices eased on profittaking and speculate e selling in moderately active trading, in sympathy with lower Chicago soybean futures. Futures closed steady to firmer on covering of "forward months in continued quiet trading. Crude MALAYSIA MS' tonne (sellers' closing prices May (south) r,760 00130 words
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Article156 1984-05-19 4 Chinese Produce Exchange (Sellers noon closing prices S 100 kg) Coconut oil Butt. FOB 240 00 Old drum FOB 253 00 New drum FOB 257 00 Copra Mixed (loose) ***** buyers Pepper Munfok white FOB NLW 647 50 Sarawak white FOB toq NLW 640 00 Sarawak special black156 words
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Article331 1984-05-19 4 RAS prices <•« s ce«ts/kiio, fob .< NOON Buyers Seders Int 1 RSS prompt 202 00 203 OON Int 1 RSS June 203 50 204 00 Int 1 RSS July 206 00 207 00 Int 2 RSS 202 00 203 OON UK/Cont ***** 202 OON tnt 3331 words
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Article110 1984-05-19 4 (in M cents/1 ton pallets) June July 'ord mth) (current mth) (for* RAS NOON 4 OON Buyers Sellers Buyers Sellers SSR 20 SSR 50 199 00 201 00N 201 00 203 OON 197 00 199 OON 199 00 201 OON MRELB Buyers Sellers Buyers Sellers SMR CV110 words
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240 1984-05-19 4 AFP EXPORTS of Indian tea declined in volume during the last financial year ended March 31, but touched a record level of 5,300 million rupees in value. The chairman of the Indian Tea Board, Jagdish Khattar, said yesterday that the quantityAFP - 240 words
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Article746 1984-05-19 4 YESTERDAY'S midday reports were delayed because of a technical fault. The following are Thursday's closing reports. COFFEE Robusta futures closed Thursday L 52 to £13 below the close on Wednesday. July finished at £2.378, £22 down from Wednesday, but £18 above the low reached in the afternoon. Prices746 words
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153 1984-05-19 4 AP A RISE in the world average price of coffee to above US$l.45 a pound triggered an increase on Thursday in the amount exporting countries can ship under quota, the International Coffee Organisation said. The London-based ICO administers the 73-nation International Coffee Agreement, which regulatesAP - 153 words
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Article129 1984-05-19 4 SOYBEAN futures closed 5 3 /4 cents per bushel lower to unchanged on Thursday, with prices finishing near the bottom of a 16cent range on the Chicago Board of Trade. Prices rose above Wednesday's highs but dropped back late as commercial sell orders flowed into the pit. Most contracts129 words
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Article162 1984-05-19 4 WHEAT futures closed seven to one cent per bushel higher on the Chicago Board of Trade on Thursday, with May leading the advance. Prices closed near the middle of an 11 -cent range in thin trade. Commission house buying of May to liquidate short positions before that contract expires162 words
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Article277 1984-05-19 4 SINGAPORE: The rubber market closed slightly higher yesterday with June One RSS buyers quoted at 203.00 cents a kilo, up three-quarter cent from Thursday's close The morning session rose 1.50 cents on buying of nearby's and some forward demand for July and September. Prices fell slightly in the afternoon277 words
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BANKING AND FINANCE
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Article, Illustration440 1984-05-19 5 NYT US TREASURY Secretary Donald Regan rejected calls for a new approach to the international debt crisis, as America's Western allies expressed alarm over the renewed upward trend in interest rates in the United States and the resulting debt burden on Third World nations. TheNYT - 440 words
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226 1984-05-19 5 Reuter WORLD BANK Treasurer Eugene Rotberg said commercial banks will eventually agree to a long-term rescheduling of Third World debt. He told the Monetary Policy Forum, a group of private economists who monitor Fed policy, that it was highly unlikely that any of theReuter - 226 words
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82 1984-05-19 5 Reuter THE World Bank is raising 150 million marks through a fiveyear bullet private placement of Eurobonds lead managed by Westdeutsche Landesbank Girozentrale. Bond market sources said the lead manager is not disclosing the issue price on the bonds which have a nominalReuter - 82 words
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193 1984-05-19 5 Reuter US DOLLAR bonds sold on a worldwide basis are likely to emerge if America lifts its withholding tax on US securities held by foreigners, Thomas Saunders, managing director of Morgan Stanley and Co Inc, said. When it comes, repeal of theReuter - 193 words
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Article82 1984-05-19 5 AFP THE BASIC American M-1 money supply surged by US$4.9 billion in the week ending May 7 f reach a total of $539.4 billion, the Federal Reserve annnounced on Thursday. Informed observers had expected a rise of $2.5 billion to $5 billion. The previous week,AFP - 82 words
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Article281 1984-05-19 5 SOH TIANG KENG - By SOH TIANG KENG THE SINGAPORE-based Asian dollar market gave its best performance in two years when its total assets leapt by US$6 billion in March to a record-high of U*****.6 billion. This is the highest monthly jump in asset size since March 1982 when281 words
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Article200 1984-05-19 5 Reuter MAJOR Swiss banks may soon raise interest on their mediumterm notes as demand is falling off following a rise in Swiss capital market yields, bankers said. But spokesmen for Credit Suisse, Swiss Bank Corporation and Union Bank of Switzerland said a rise was notReuter - 200 words
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Article75 1984-05-19 5 Reuter RECENT ACTIVITY in the foreign exchange market by the Reserve Bank of Australia has had a barely noticeable impact on trading. The reserve bank's April monthly bulletin said that it sold about US$32O million in the spot foreign exchange markets in February and March.Reuter - 75 words
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146 1984-05-19 5 THE ASIAN Development Bank has issued a 200 million Dutch guilder bond (SJI36 million) in the Dutch capital market. The 10-year bond, priced at par, bears a coupon of 8.75 per cent and will be listed on the Amsterdam Stock Exchange. The bond146 words
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MONEY AND EXCHANGES
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Article231 1984-05-19 5 SINGAPORE Gold futures trading was at a standstill yesterday on lack of interest, with prices closing slightly firmer than New York's levels. Prompt closed slightly higher at U*****.00/376.10 an ounce against New York's $374.75/375.25 close, June at $377.00/377.10 against $376.20/376.50 and August at $384.00/384.10 against $383.00/383.60. TOKYO Futures closed231 words
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Article201 1984-05-19 5 SHORT-DATED Asian dollar deposit rates extended earlier lo sses in thin afternoon trading but periods held steady at firmer opening levels. Interbank deposit r ■tM us$ OH*, Bid 7 days 10 5/8 10 1/2 1 month II 10 1/8 2 months II 1/2 II 3/8 3 months201 words
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Article120 1984-05-19 5 THE overnight rate closed lower at 7Vi per cent on the local interbank money market. The one-month rate was easier at 8-3/16 per cent and the two-month rate was also easier, at 8.25 per cent. S$ interbank rates 1 at 3pm yesterday Over- OHer BkJ night 7 1/2120 words
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Article, Illustration570 1984-05-19 5 SINGAPORE: The local currency closed easier yesterday at 552.1105/15 against the US dollar compared with Thursday's close of 2.1035/45, at 5591.30/40 against the Malaysian dollar compared with 91.25/35 and at 5527.00/ 05 against the Hongkong dollar compared with 26.90/95. The US dollar closed higher against major currencies in570 words
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Article212 1984-05-19 5 Interbank rates at 3pm Local dollars to quoted yw croee parity dianaa ono unit of foreign currency: US dollar 2.1070 2.1080 2.8196 -25.27 Sterling pound 2 9308 2 9343 7 3469 -60.11 Australian dollar 1 8826 1 8856 3 4286 -45.04 NZ dollar 1.3580 1 3607 3.4286 -60212 words
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Article49 1984-05-19 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from May 21 to May 25: Offered: $70,000,000 Applied fer: 1115,000,000. Alletted: $70,000,000. Accepted bids: $99.25 approximately 60 per cent: higher bids in full. Avenge rate ef discount on allotment: 3.010 per cent per annum.49 words
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Page 5 Advertisements
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Advertisement109 1984-05-19 5 Nowhere on our planet is devoid of life. In The Living Planet, David Attenborough's searching eye, unfailing curiosity and infectious enthusiasm, explain and illuminate the intricate lives of these colonies from the lonely heights of the Himalayas to the wild creatures in the most recent of environments, the city. Here109 words
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FEATURES
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Article470 1984-05-19 6 IF PATIENCE was an art, it was extensively cultivated at the Victoria Theatre and the National Theatre during the past few days with people waiting 10 hours for tickets to the Arts Festival. Those who are waiting in the queue today will get an extra470 words
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Article, Illustration1168 1984-05-19 6 CHARLES HANLEY - Nuclear technology is now within grasp of the developing nations By CHARLES HANLEY AP COUNTRIES like Argentina may play as important a role in the nuclear future of the world as the doomsday computers of the superpowers. Argentina has recently entered the circle of nations ableAP - 1,168 words
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Article, Illustration475 1984-05-19 6 RONALD CLARKE - By RONALD CLARKE Reuter A FAST-TALKING superstar of 170 films, who has a quick temper, bares his rear end to the world and has a middle name of Fauntleroy, is about to plant his webbed feet into cement in a giant birthday celebration. He isReuter - 475 words
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303 1984-05-19 6 STRAWS in the Wind FACE THE FACTS, the Consumers Association of Singapore advised members in its latest monthly bulletin. An article on skin care dispels some misconceptions brought on by peddlers of that vast range of creams, moisturisers and soaps. It303 words
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Article, Illustration657 1984-05-19 7 KANG SIEW KHENG - The little-Tibet' of India still works its age-old magic Ladakh today is known as 'Little Tibet' and 'the last Shangri-La'. It has embraced Buddhist art and culture since the third century BC and there is evidence of this everywhere. This is a land of657 words
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Article, Illustration566 1984-05-19 7 JAIME LYE - By JAIME LYE AMERICANS are such a sentimental lot. Even when it's the only logical thing to do, they just won't let go of anything once they have gotten used to it. Mary Tyler Moore found this out when she saw her show566 words
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663 1984-05-19 7 JEFFREY TSANG - By JEFFREY TSANG ALMOST everything about last Sunday's economy rally was different from those of the previous years. Underdog Mazda usurped Nissan's usual top position in economy rallies and became topdog for the day. Instead of the slow and fuelefficient rallies the drivers were663 words
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Page 6 Advertisements
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Advertisement298 1984-05-19 6 Encydopaedia Britannica 3 and give yourself and your family the Britannica advantage! it's the key to success in a competitive world shoo,d oive y°° r chiW a the advantages vou can. Especially the tools for success. (That's what a rarlnrs Jove and responsibility are all about.) Certainly there'snobetter tool for298 words
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Page 6 Miscellaneous
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Miscellaneous14 1984-05-19 6 I HEN LOOK PIT BCiST^lr .c?— H6.V. Hey. SLOLO Doujn rr\PCMiN£ IS Qep MOT.14 words
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Page 7 Miscellaneous
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Miscellaneous759 1984-05-19 7 CRYPTIC PUZZLE ACROSS 9 As before, run after something running verv fast (8) 10 He and Ed could make the ideal combination (3) 11 To make it worse, what the rogue is singing? (6) 12 Is surprised by the way the star performs (6) 13 Took my place so I'd759 words
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Miscellaneous1016 1984-05-19 7 James Burke: The real thing 8.03 pm Shot in the style of a 1940s Warner Brothers film, James Burke employs a detective to illustrate how the senses pick up clues from the outside world, how the brain solves the mystery and decides what is out there. This interesting programme illustrates1,016 words
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INTERNATIONAL STOCKS
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Article169 1984-05-19 8 Reuter. EXXON expects capital spending to reach about US$9.5 billion in 1984, up from 1983's $9.1 billion. At the annual meeting, chairman C C Garvin Jr said only twice before had the company invested more than $9.5 billion. The company managed to maintain growth in spiteReuter. - 169 words
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Article89 1984-05-19 8 CHRYSLER is expected to earn US$l.5 billion in the first six months of 1984. Chrysler Corp chairman Lee lacocca, however, did not give projections for the year. The company earned $706 million or $5.64 a share in first quarter of this year, compared with $701 million or $5.7989 words
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108 1984-05-19 8 Reuter BAT Industries PLC expects a satisfactory increase in pre-tax profits in 1984. It also expects a rise in dividend in excess of the rate of inflation, said chairman Patrick Sheehy at the company's AGM. BAT has reported 1983 pre-tax profits of £979 million,Reuter - 108 words
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Article84 1984-05-19 8 DUNLOP Holdings PLC is repaying £5.5 million in debenture loans in an early redemption as part of the preparation for a group capital reconstruction later this year. Dunlop plans to repay its 6.75 per cent debentures dated 1985/90 and its 7 per cent debentures dated 1988/93 at84 words
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298 1984-05-19 8 CONCERN about Continental Illinois and fears of more attacks on tankers in the Persian Gulf, combined with interestrate worries, turned the stock market sharply lower on Wall Street on Thursday. "The market also backed off in anticipation of a significant increase in the298 words
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Article150 1984-05-19 8 MAY 17 C$ Hud Bay Mm Imp O* 38* Into 14* 26 urvh knt Prov Pipe 27 35* -H int Ufs 25* Algoma 22* -H Infl Nickel 23* Ken Add 16* Bonk Novo Scotia IOW Loblaw-e 14* unch B«tl Te4 30* Mossey Ferg 3* unch 22* Mc Blodel 28150 words
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Article162 1984-05-19 8 MAY 17 Rood INDUSTRIALS A Alpha 970 Abercom 215 AE And CI 940 5 unch unch Trust Bk Un Steel Unrsec WooKrocth Anglos 130 570 1815 MININGS 2190 unch unch 5 unch unch AMJC 3100 Barlows 1410 -1-10 Buff eh unch C G Smith 2600 4006 CNA 300 10162 words
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Article561 1984-05-19 8 MAY 17 US$ Ek U*y 61 ACF Industries J2H -V -V Engetiord Mnl 28V V Motorola Inc 113V -4V Ale on Ah*r«n Alcoa 27* 32 V 23* Exxon Cp 42V -V N L Indust 15 -V AJbed Cham Cp JU -V 17V -V Natl Dist Chem 27* V561 words
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Article930 1984-05-19 8 Amsterdam MAY 17 Fh ABN 362 00 -4 Aegon Ahotd Ak to AAAEV 130 00 unch 189 70 -0 2 9800 +28 153 00 -0 5 Amtos Amrotonk 64 00 -0 7 Bok Bonumi) Botko Burtet Cotond Catv Oct Mi, EKcvw Fokker Gommo Galbroc 94 70 -0 3930 words
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Page 8 Advertisements
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Advertisement119 1984-05-19 8 T l The Summer Palace FINEST CANTONESE CUISINE FOR ALL OCCASIONS. THE ADVANTAGE IS INTER-CONTINENTAL THE PAVILION INTER CONTINENTAL TNS PAVILION intercontinental SINGAPORE 1 Cuscaden Road Singapore 1024 Tel 733 8888 High Tea Never tasted so good Never looked so good y *.)-<< »>■v., a',ties at T He i(,n, f119 words
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Advertisement86 1984-05-19 8 your very own retreat <1 A At Scotts Cafe, we serve all your tastebuds' fancies from delicious Western cuisine to mouth-watering Oriental dishes. Set in an intimate atmosphere surrounded by red brick walls, wrought-iron lamps and lushi greenery. HOTEL ASIA Your Mend In Singapore HOTEL ASIA PTE LTD 37 Scotts86 words
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Advertisement138 1984-05-19 8 HUANG PALACE Hong Kong Tim Sum served from 11 am to 230 pm (We also cater for weddings, anniversaries, birthdays and Chinese dinner functions.) For Rrsmntions plrasr call *****22 Ext /W" or I-KM) PRESIDENT MERLIN HOTEL SINGAPORE INI. kiithiiHf Riuil. Siiik.i|>«i (MIX) lil 5i0122 DINE, WINE DANCE at the EMPEROR'S138 words
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Advertisement130 1984-05-19 8 MEMBERSHIP FEE Single $15.00 per month Couple $25.00 per month Family $30.00 per month Group/Company Negotiable ENTITLEMENTS: Exclusive use of the Swimming Pool on 3rd Floor of the Hotel from 8:00 a.m. to 9:00 p.m. 10% Discount on all meals in Cafe De Grand. 10% Discount on all drinks in130 words
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Advertisement136 1984-05-19 8 JBwo«%|§«? Relax in a Cosy Atmosphere and Keep Gp Your Spirits with Live Entertainment GINGERBREAD 130% DISCOUNTED V 4PM-7W DAILY MON-FW: 7pm to lam SAT: 7 pm to 2 am Ample Parking Space. T VWVAJIM O.iay Raafananp Woaa Smgapora 0823 Tat 737*111 (20 L.naal ill S i/i/| that a rare136 words
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ASIAN STOCKS
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Article460 1984-05-19 9 HONGKONG: Share prices closed sharply lower yesterday and the Hang Seng index ended 37.99 lower at 895.73, the first time it has finished below the 900 mark since Jan 5. Share prices started weak amid speculation of an imminent rise in local prime and deposit rates. Bargain-hunting emerged460 words
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Article254 1984-05-19 9 MAY 18 A* Sincere Indus Amo Cement NT 950 33 40 32 80 045 -02 Chem Indus Lien Hwa Indus Non Yo Plos Pacific Cons Pocrfic Elect 25 50 12 10 38 10 33 30 -0 1 0 1 02 05 Chong Hwo Book Chen Loong 54 50 29254 words
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Article432 1984-05-19 9 TOKYO: Prices tumbled across the board yesterday on renewed selling pressure following the overnight Wall Street fall and the yen's weakness against the US dollar, extending a near record fall on Thursday. The market average fell 213.63 points from Thursday's close to 10,126.88, after faUing 279.34 on Thursday, the432 words
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Article69 1984-05-19 9 May 18 Bonk Seoul Choheung B* Won 680 680 -5 Hyundoi Motor KAL Korea 558 451 713 8 8 720 Korea Oil 39 1 -1 +6 560 -16 Korea SNp Daewoo Corp Daewoo Ind 389 556 •2 1 Lucky Ltd 720 Dong Ah 668 -7 Gold Star 771 73569 words
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Article481 1984-05-19 9 SYDNEY: Negative influences from the US and local nervousness saw Australian sharemarkets close on a* weak note on turnover of 35.9 million shares. The All-ordinaries index lost 7.9 points to finish on 725.5, compared with its low for the year of 718 in March. Brokers attributed the market's decline481 words
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Article142 1984-05-19 9 BANGKOK: Prices closed mostly higher yesterday with investors bullish about cement issues. The Book Club index rose 0.26 point to 117.54 on turnover of 18.1 million baht. MAY 18 Aokhom Thoi Alio ftxe Ayuthoyo In* And Trust Bangkok Bonk Mm 230 unch S«om City Cement S«om Credit Smm Tyre142 words
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Article103 1984-05-19 9 MANILA: Prices closed higher yesterday in continued dull trading. The commercial and industrial index was up 0.27 at 133.10 and the mining marker rose 12.02 to 1,072.01. Oils were up 0.018 at 0.724. MAY 18 Acoje Mining ftc PtW Overseas PWex B P>cop B 0006 unch 021 +0 005103 words
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Article68 1984-05-19 9 JAPANS three major tyre makers, Bridgestone Coin £Ss° mh* Rubber Co Ltd and Sumitomo Rubber Indusendfng 3 in the current year ending Dec 31 after reduced results in 1983 The expected upturn is based on good domestic and overseas tyre sales. All said reduced profit S year68 words
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243 1984-05-19 9 UPI JAPAN'S Mitsubishi Heavy Industries Ltd has signed a contract to export some U554.33 million in essential nuclear power plant equipment to China, Kyodo News Service said. A spokesman for the Ministry of International Trade and Industry welcomed the export agreementUPI - 243 words
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683 1984-05-19 9 NYT THE VOLATILITY of Japanese stocks, which have produced some of the biggest price gains in recent years among securities markets worldwide, was demonstrated on Thursday on the New York Stock Exchange. Substantial losses in Japanese issues of American depository receipts, representing ownership of sharesNYT - 683 words
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Page 9 Advertisements
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Advertisement480 1984-05-19 9 4 wmr w 1! !C }F. 2 PQyQj Singapore CATHAY^ Garden Ballroom Royal Holiday Inn Sing May 17 to 19,1$ V A glorious German wine celebration, highlighting a lavish German buffet and exclusive German wines from the renowned wine-growing regions: Moselle-Saar-Ruwer, Rheinhessen, Rheingau, Rheinfalz, Franconia, Alsace, Baden and Nahe. Made480 words
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Advertisement112 1984-05-19 9 p* GOFFEE GARDEN/ we serve son poand the clock HT 1. I < 9 Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, youll find our staff friendly and efficient, our food appealing and delicious. Try our famous claypot112 words
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SHARE INFORMATION
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Article, Illustration4525 1984-05-19 10 A COMBINATION of bearish factors drove share prices sharply lower on the Singapore stock market yesterday. Both local and overseas investors came to the market in numbers with their selling orders and at the end of the day a total of 9.36 million shares4,525 words
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Article225 1984-05-19 10 SINGAPORE Rises Indices S««9» B*u ||40 +20 5°< 324 +14 J"*"® _CULS 271 +6 yr* ,m 234 +4 is Falls 1700 -150 D Karomot 1240 70 f*° 1380 -60 S*»c«wp 1800 -so 1 I 870 -45 Jrrt. M mo -40 U M Floy, ,080 .40 L C225 words
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Article457 1984-05-19 10 A FRESH spate of selling hit the Kuala Lumpur stock market yesterday, sending prices broadly lower. Double-digit losses littered the boards. From the opening bell, prices were marked a few cents lower in the absence of good leads. The selling intensified in the afternoon session457 words
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Article3717 1984-05-19 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".3,717 words
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Page 10 Advertisements
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Advertisement8 1984-05-19 10 Business dons on ths KLSE Sss Page 118 words
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COMPANY NEWS
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485 1984-05-19 11 CHAN OI CHEE - By CHAN OI CHEE IN SPITE of the soft conditions that have prevailed in the property sector since last year, Singapore Land Ltd managed to report a creditable improvement in its interim earnings. For the six months to Feb 29, 1984, the property group485 words
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623 1984-05-19 11 MULTI-Purpose Holdings Bhd is currently examining various ways of developing its shipping business in Malaysia, n This will include re flagging of some of the vessels now owned by Promptship Holdings to Malaysia, according to the group's new chairman, Datuk Lee San Choon in623 words
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Article2595 1984-05-19 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with a the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS <- Alcom (2.278 2.295) 0 2 30 (2)2,595 words
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Article142 1984-05-19 11 Company C 1 HIdgs Keck Seng Keppel Ship Tat Lee Bank RIGHTS ISSUE One-for-two (a, $1 50 per share One-for-four <§, $1 60 per share One-for-two (a $2 per share One-for-five (a $2 50 Ex date May 21 May 10 May 22 May 28 Books close May 31142 words
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232 1984-05-19 11 FEDERAL Flour Mills Bhd has enjoyed a commendable 23.2 per cent rise in group pre-tax profits to M 526.12 million for 1983 against the previous year's $21.21 million. This is the second time that the Malaysian group has reported substantially higher profits since232 words
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LATEST
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Article47 1984-05-19 11 Group pre- tax profits rose to MJ21.02 million in the half year ended Feb 29, 1964 from $8.16 million previously. Net earnings per share amounted to nine cents (seven cents). An interim dividend of 5 per cent gross will be paid on July 11.47 words
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Article52 1984-05-19 11 Group pre-tax profits increased to M 53.11 million in the six months to Feb 29, 1984, from $686,000 in the previous interim. On a per share basis, net earnings improved to 14.3 cents (3.1 cents). An interim dividend of 2.5 per cent less tax is payable on52 words
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Article, Illustration335 1984-05-19 11 HOCK LOCK SIEW - r-kr-k. r-v V yf TN mim mmm By HOCK LOCK SIEW DURING the better part of the bull market, which began in August 1982, the shares of General Lumber (Holdings) Bhd were confined within a narrow trading range of $1.15 to $1.45 (adjusted for rights issue). Sniffing the335 words
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Article101 1984-05-19 11 HONGKONG Australian Industrials Hong Seng Index Friday 895 73 Thursday 933 72 Friday 986.6 Thursday 993.8 Week ago 1002.2 Week ago 928 32 NEW YORK Dow Jones TOKYO Thursday 1142.27 Wednesday 1153.16 Tokyo Dow Jones Week ago 1167.19 Friday *****.88 Standard and Poors Thursday *****.51 Week ago *****101 words
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Article224 1984-05-19 11 Monogers' prices for Moy 19 21 Singapore Unit Trust The Commerce 3 17 3 37 The Savings Fund 1 94 2 06 S'pore Prog Fund 1 41 150 S'pore Sec Fund 2.14 2 27 S'pore Invest Fund 116 1 23 S'pore Equity Fund 1 39 1 47 Asia224 words
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Article1030 1984-05-19 11 SHARE prices opened lower yesterday, reflecting the overnight decline on Wall Street, dealers said. Trading was quiet, hampered by a breakdown in the stock exchange's price information service. Government bonds were marked as much as V« point lower in the longer end in response to the sharp fall1,030 words
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261 1984-05-19 12 Bernama MALAYSIAN Prime Minister Datuk Sen Dr Mahathir Mohamad yesterday said that large foreign manufacturing companies setting up operations in Malaysia will be allowed to retain the majority equity so as to attract greater foreign investment and carve a bigger share for Malaysian productsBernama - 261 words
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Article85 1984-05-19 12 REASONING that in extraordinary circumstances you go to extraordinary people, an American man said he hoped to go to Libya and ask Colonel Gaddafi to buy a closed hot dog factory in Pittsburgh, Pennsylvania, and return its employees to work. "We believe Gaddafi will do it, because he85 words
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Article54 1984-05-19 12 AN RSAF Hunter piloted by Captain Tan Seng Hui, 26, was reported missing while on routine training flight over the South China Sea. An immediate search operation was mounted by the RSAF. The search involving helicopters, skyvans and C-130S of the RSAF and RSN vessels54 words
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432 1984-05-19 12 LOH HUI YIN - ENERGY IS PRECIOUS SAVE IT By LOH HUI YIN OWNERS OF FIVE commercial buildings will face court action to compel them to reduce energy consumption on their premises. This will be the first time such a drastic step is being taken since the432 words
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234 1984-05-19 12 BUILDING OWNERS who replace their obsolete equipment with more efficient ones should still get incentives even if after replacement, the buildings do not meet the OTTV regulations. Mr Cheah Ah Lee, manager of Eastern Realty Company, told234 words
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Article162 1984-05-19 12 THE 1984 National Wages Council recommendation, to be released soon, will incorporate a dollar quantum and a percentage increase, the NWC said yesterday. In an unprecedented step revealing the progress of the NWC talks in a statement, the NWC said it reached a unanimous agreement on162 words
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169 1984-05-19 12 THE Construction Industry Development Board (CIDB) has come up with a training programme for tower crane operators which is expected to raise their level of operating proficiency to that of their counterparts in Europe or Japan. The entire programme, which will last about seven months,169 words
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243 1984-05-19 12 THE SINGAPORE Labour Foundation is inviting nominations for the 1964 educational tours award. These awards are open to all employees in the private or public sector subject to a few qualifications: THE NOMINEE'S basic salary, including the NWC awards, should not exceed $1,250 per243 words
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Article242 1984-05-19 12 JAIME LYE - By JAIME LYE WHILE the Government is I implementing strict measures to curb pollution from vehicles, the motor industry and the public are still not sufficiently aware of the rationale behind the move. The Environmental Engineering Society of Singapore (EESS) held a seminar yesterday on242 words
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Article83 1984-05-19 12 BRITISH High Commissioner Peter Moon will officially open British Airways' new sales shop at the Far East Plaza on Monday. Mr Marcus Buck, BA's manager for Singapore and Indonesia, said the airline is getting back to offering sales and ticketing service in a shopping centre.83 words
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Article, Illustration412 1984-05-19 12 MONICA GWEE - By MONICA GWEE DR DDQE TAN, so far the only woman named as a People's Action Party candidate, is planning to use the need for social improvement as her platform in the forthcoming general election. Dr Tan, a doctor in private practice, said412 words
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LATE FILE
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Article54 1984-05-19 12 Reuter AMERICAN Olympic chief Walter Simon said yesterday that he would use a crisis meeting of the world Olympic movement in Lausanne to propose major rule changes to prevent future boycotts. The meeting will discuss the Soviet bloc's decision to stay away from theReuter - 54 words
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Article39 1984-05-19 12 UPI LUXURY carmaker BMW yesterday closed three major car plants and laid off 20,000 people because of a growing strike by engineering workers. The strike threatens to render idle more than 100,000 workers by Monday.UPI - 39 words
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Article51 1984-05-19 12 AFP INDIA PLANS to construct an airfield in the Antarctica early next year. The United News of India agency yesterday quoted Colonel Sharma, the leader of the Indian expedition to the Antarctic, as saying that the airfield would be about five km from the present Indian base.AFP - 51 words
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Article66 1984-05-19 12 Reuter JAPAN will lower tariffs on all imports of wine and paper products from April 1 1985. Finance Ministry officials said the US has been notified of its decision to reduce tariffs on wine to 38 per cent from 55 per cent and those on paperReuter - 66 words
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Article55 1984-05-19 12 UPI US FEDERAL agents seized up to US$5 million in fake Michael Jackson merchandise from posters to sunglasses in raids on warehouses, department stores and flea markets during the past week. Mr Jackson and two California companies that market the singer's licensed merchandise filed aUPI - 55 words
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Page 12 Advertisements
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Advertisement246 1984-05-19 12 BANCO DE CHILE U.S. $30,000,000 Floating Rate Notes due 1956 In accordance with the provisions of the Notes, notice is hereby given that the Rate of Interest for the next Interest Period has been fixed at 12%% per annum The Coupon Amount will be US 5326 15 in respect of246 words
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Advertisement485 1984-05-19 12 time manager international V' Advanced Training I I Techniques i■ I (a member of The Times Organisation) PRESENT THE TIME MANAGER SEMINAR SINGAPORE MALAYSIA Ist Seminar 21st 22nd May 1984 2nd Seminar 31st May Ist June 1984 la view of overwhelming response, we are pleased to announce that a seeond485 words
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Page 12 Miscellaneous
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Miscellaneous53 1984-05-19 12 WMim Outlook for todoy: Showers in the morning and eorly afternoon. Report for 24 hours prior to 7.30pm on May 18 at the airport: Maximum temperature 32.6 Associated humidity 63 Minimum temperature 25.2 Associated humidity 97 Hours of sunshine 7.55 Rainfall in millimetres Nil Rainfall this month 120.2 Roiny days53 words
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