The Business Times, 23 June 1984

Total Pages: 12
1 12 The Business Times
  • 11 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, JUNE »,1984 60 CENTS
    11 words
  • 244 1 DR SIEW Teck Woh has resigned as director of the Primary Production Department. His resignation took effect from May 18 but was confirmed only four days ago. The news of Dr Siew's resignation came in early April, when it was said that
    244 words
  • 96 1 UPI SOUTH KOREAN police yesterday arrested a Protestant minister and his wife for violating currency laws by trying to take more than U*****,000 with them to the US. A police spokesman said Park Cho-jun, 50, a ranking member of the Yongnak Presbyterian Church in Seoul, and his
    UPI  -  96 words
  • 329 1  -  'Parker' and 'Cross' products worth $30,000 seized By LISA LEE POLICE SEIZED more than $30,000 worth of what are believed to be fake Cross and Parker pens in a raid yesterday evening. The pens were in cardboard boxes in a groundfloor shop (in Jalan
    329 words
  • 442 1  -  By LEE HAN SHIH JAPANESE businessmen in Singapore were yesterday asked politely but firmly not to compete with the small and medium local enterprises. The Chinese business community welcomes Japanese investments in the large, sophisticated technology industries, but there are "some reservations" about competition posed
    442 words
  • 131 1 AFP LONDON shipping insurers have made major cuts in their rates on cargoes shipped to and from the Iranian oil terminal at Kharg Island and the port of Bushire in the northern Gulf. Sources at Lloyd's of London said yesterday that the rates had
    AFP  -  131 words
  • Article, Illustration
    64 1 IN YET another lacklustre sesstoa, share prices sa the Singapore stock market closed mixed to eider yesterday. Brokers said there was a general reluctance to trade, hat eoald not pinpoint any specific reason far yesterday's lethargy. At the end of the day, the •Ikaeeter BT Composite Index had
    64 words
  • 414 1  -  By BOEY KIT YIN THE GOVERNMENT has announced that the $65 million Capital Grant Scheme for the construction of pig waste treatment plants has been abolished, signalling the beginning of the end for pig farming in Singapore. Also abrogated is the $10 levy
    414 words
  • 595 1  -  By RAY HEATH, Associate Editor SENIOR MINISTERS from 11 heavily indebted Latin American nations meeting in Cartegena, Colombia, were preparing yesterday to offer their strategy for a solution to their US$350billion problem. Ahead of the second day of the two-day meeting, most ministers appeared
    595 words
  • Page 1 Advertisements
    • 71 1 IMAC-ASIA '84 S. E. Asia's 4th International Exhibition of Materials Handling Physical Distribution Equipment 25 29 June WTC An Interfama organised show Tel: *****12 S$ FIXED DEPOSITS We offer you one of the highest interest rates 1 month 7 J p.a. 3.6. 9 and /O 12 months p. 3. SAVINGS
      71 words
    • 297 1 +):^('!~)::.<',/:'{;-;$`&'*)=\' SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGES 5 AIRCRAFT SHIPS IN PORT CROSSWORDS THE Singapore> Mint will be OUR VIEW COMPANY NEWS holding an exhibition under Coin Week. Highlights in- 'N FIRM BUT very polite language, the vice-president of the JACK CHIA-MPH Ltd has dude an exhibition of
      297 words
    • 138 1 ,_)*_;?~_&?(])*;/_~&*/|-<+=!`.` When business or pleasure takes you travelling, your CLARK HATCH membership entitles you to full use of any of the 10 CLARK HATCH PHYSICAL FITNESS CENTERS located throughout Asia. The staff of CLARK HATCH PHYSICAL FITNESS CENTERS will design a special programme for your individual needs, tailored to your
      138 words
    • 23 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
      23 words

  • HOME NEWS
    • 444 2  -  Participants had opportunity to share problems By KANG SIEW KHENG THE THREE-DAY conference on "Health Education Needs The Media" ended yesterday, with five concrete proposals for national health projects. At the same time, the general feeling among those taking part was that the
      444 words
    • 211 2 SINGAPORE'S present health problems reflect the changing lifestyles of an increasingly affluent society. Or Luisa Lee, acting medical director of the Training and Health Education department in the Ministry of Health, presented Singapore's project proposal for health education at the conference on "Health
      211 words
    • 44 2 THE PER capita consumption of electrical energy for Singapore quoted from the 1963 PUB annual report was three million watt-hours, an amount sufficient to keep a one-ldlowatt airconditioner running for about four months (125 days), and not three months as reported yesterday.
      44 words
    • 255 2 HEINZ GUENTER JUNGJ OH ANN, managing director of Dresdner (South-east Asia) Ltd, has been appointed alternate director to Dr Christoph von der Decken on the board of DBS Bank in place of Rolf Willi. CHRISTOPHER JORDAN has joined Ogilvy k Mather Advertising as account director. Mr Jordan
      255 words
    • 184 2 THE Singapore Mint will be holding an exhibition under Coin Week at the People's Park Centre basement concourse from tomorrow to the end of this month. It will be open from 10am to Bpm daily to the public. Admission is free. The theme of the
      184 words
    • 103 2 AP SINGAPORE'S Asian Ad Group won "The South Award" for the best advertisement in a closingday ceremony at the 14th Asian Advertising Congress. The special award, instituted by the London-based magazine South The Third World, was presented for the Singapore group's advertisement "Singapore
      AP  -  103 words
  • Page 2 Advertisements
    • 419 2 Put NCR's K)0 years of information processing and business systems experience behind your computer choice. -.v. m Vl-.w s s me ■> \OS. m v>V v s£tt \V VVS KSI v> 1 > W nt» p*. o s > ?•> o V 5 ■v -v > <* t W^s. y
      419 words

  • OVERSEAS
    • 212 3 Getting rich on refugee AFP THE VIETNAMESE government is enriching its coffers by as much as US$2OO million a year by pirating funds sent to Vietnamese citizens by relatives who are refugees in the US, witnesses told meetings in Washington of a senate subcomittee on financial institutions. Sub-committee chairman William
      AFP; UPI photo  -  212 words
    • 63 3 Reuter POLICE HAVE broken up a New York brothel run by a psychiatrist in which about 500 mgn slept with prostitutes and then had their medical insurance companies pay for the 'sex therapy' sessions. Manhattan district attorney Robert Morganthau said on Thursday that pyschiatrist Alan Pearl operated
      Reuter  -  63 words
    • 123 3 Reuter EUROPEAN Commission president Gaston Thorn said priority should be given to solving the British budget problem at next Monday's European Economic Community summit. "We cannot write in letters of gold about the Europe of tomorrow before removing present stumbling blocs," he said. The group's French
      Reuter  -  123 words
    • 753 3 ARRIVALS -^Operator Sorvice number Local time From ~-4>AA -CAL ?MAS JCAL ,-CV MAS -sv -MAS ~MAS _3CAL PA5 CI331 MH681 KE624 CV796 MH601 SV386 MH671 MH81I CI806 0020 0150 0820 0840 0845 0905 0910 0935 0940 0945 JFK/SFO/HKG TPE KUL ifII LUX/AUH KUL JED/RUH KUL PEN HLP
      753 words
    • 280 3 NYT THE WEST German government on Thursday announced a hefty package of tax cuts intended to stimulate the economy. But business leaders voiced disappointment that the measures came late and afforded little help for corporations. The tax cuts, which end months
      NYT  -  280 words
    • WORLD IN BRIEF
      • 51 3 THE deficit-ridden Japan National Railways (JNR) will continue to lose money in the future, JNR president Iwao Nisugi said, adding that he could offer no immediate remedies. Mr Nisugi said the state-owned JNR would lose more than US$7.3 billion this year, mainly because of interest payments on
        51 words
      • 51 3 RULES prohibiting use of foreign currency notes in Hongkong will be removed under a proposed bill published in the colony's government gazette. The bill, due for first reading in the legislative council on June 27, would repeal the Foreign Notes (Prohibition of Circulation) Ordinance which is now
        51 words
      • 62 3 THE popularity rating of Prime Minister Nakasone s cabinet rose to 43.9 per cent in June, the highest since it was formed in November 1982, a Japanese press opinion poll showed yesterday. The survey,. covering 2,000 eligible voters, said the support rate was also the highest ever awarded
        62 words
      • 59 3 FIFTY Chinese peasants from the northern province of Hebei plan to tour Japan and pay for the trip themselves, the Workers Daily reported yesterday. This is the first time the Chinese press has reported such a trip by peasants who have struck it rich. China does not
        59 words
      • 56 3 A TOTAL of 12.2 million were seeking work in the European Economic Community, excluding Greece, at the end of May an increase of 5.9 per cent over May 1983, EEC figures showed yesterday. The total was 2.3 per cent down on the figure for April, but unemployment nxe
        56 words
      • 63 3 THOUSANDS of Brazil's steel workers who were on strike turned down a pay offer and voted to continue their occupation of the country's secondlargest steel mill. About 15,000 employees, on the second day of their strike, shouted: "Not enough!" as steel union leader Juarez Antunes announced an offer
        63 words
    • 244 3 Reuter INDONESIA'S new oil refineries at Cilacap and Balikpapan are running at between 60 per cent and 70 per cent of capacity, oil industry sources said. An 85,000 bpd hydrocracker at the Dumai refinery, officially opened by President Suharto in February, has not yet started
      Reuter  -  244 words
    • 338 3 UPI THE WORLD Bank is considering making developing countries follow certain basic economic policies as a condition for receiving long-term aid. Munir Benjenk, who retires at the end of the month as the bank's vice-president for external affairs, said on Thursday that without
      UPI  -  338 words
    • 242 3 Reuter A WORLD Bank agency specialising in private investment for developing countries yesterday unveiled plans to spend over US$7 billion on Third World ventures in the next five years. The International Finance Corporation (IFC) said a $650
      Reuter  -  242 words
    • 98 3 AP FACED WITH fierce overseas competition for sales, America's businesses must improve relations between managers and workers and emphasise product quality, a presidential commission has concluded. The White House Conference on Productivity also said the government must continue to ease regulatory burdens, attack federal
      AP  -  98 words
    • 342 3 UPI THE US Defence Department held out the possibility on Thursday that Saudi Arabia may share data gathered from US radar surveillance planes with Gulf states other than Kuwait. The Saudis have been relaying information from US Airborne Warning and Control System aircraft
      UPI  -  342 words
    • 429 4 Washington wants stronger assurances UPI A US DESIRE (or stronger assurances from China on nonproliferation has rendered a nuclear co-operation treaty all but dead for the year, White House spokesman Larry Speakes said. Amid allegations that China has helped Pakistan develop the capability
      UPI  -  429 words
    • 230 4 NYT A PASSWORD that could permit access to the credit histories of 90 million people was stolen and posted on an electronic bulletin board. TRW Information Systems of New York said yesterday that after learning the password, a computer user could have used it,
      NYT  -  230 words
    • 179 4 THE AVERAGE Americans are "far ahead of the politicians" in their willingness to accept a black vice-president. Democratic presidential contender Walter Mondale Mid on Thursday. His remark came after he had interviewed Los Angeles
      AP picture  -  179 words
    • 332 4 NYT FRANCOIS Mitterrand and Konstantin Chernenko clashed publicly over human rights on Thursday night, with the French President abandoning diplomatic convention to raise the case of Andrei Sakharov, the physicist and rights activist, at a Kremlin dinner. President Mitterrand spoke after the Soviet
      NYT  -  332 words
    • 83 4 AFP AN EXPLOSION so powerful it was thought to be s possible nuclesr blast occurred in' a Soviet naval munitions depot in mid-May, killing many people, sources close to US intelligence services nid in Washington. American satellites apd other intelligence-gathering devices detected the blast on the Kola peninsula
      AFP  -  83 words
    • 154 4 AP BRITISH PREMIER Margaret Thatcher, amid opposition taunts of "blood on your hands," said on Thursday that the country's violence-scarred miners' strike was risking thousands of jobs. The angry exchanges erupted in the House of Commons as rail unions, heeding a National
      AP  -  154 words
    • 205 4 Reuter THE GLUT on the world oil market has virtually filled the storage tanks at Rotterdam. According to oil industry sources, refineries grouped around the Rotterdam and Europort harbours, which include Royal Dutch Shell, British Petroleum, Exxon and Texaco, are carrying about 40
      Reuter  -  205 words
  • Page 3 Advertisements

  • RAW MATERIALS
    • 276 4 SINGAPORE The market closed slightly easier yesterday with July One RSS buyers quoted at 175.75 cents per kilo, down a quarter cent from Thursday. Prices were about three cents lower at the outset following lower London advices but later recovered on some speculative buying of July and August One
      276 words
    • 110 4 Yarn (In HK$ per bote of 400 lb) China corded yarn, cones Blue Phoenix 16'» 3,500 Blue Phoenix 20's 3,550 Blue Phoenix 32'i 4,000 Blue Phoenix 40*$ 4,500 Corded yarn, honk Blue Phoenix 21's 3,600 Combed yarn, cones Blue Phoenix 32's 1 5,600 Blue Phoenix 4Cs 5,800 Open-end yarn
      110 words
    • 65 4 Reuter WORLD rice output this year is estimated to rise slightly to a record of about 460 million tonnes from a previous record last year of 450 million. Although it is too early to forecast the crop ahead of the monsoon in Asia, output
      Reuter  -  65 words
    • 253 4 RAS prices (in S cents/kilo, FOB in bales) NOON CLOSE Int 1 RSS prompt 172.00 173.00N 173.50 174.50N Int 1 RSS July 174.50 175.00 175.75 176.25 Int 1 RSS August 179.50 180.00 180 75 181.25 Int 2 RSS 174.00 175.00N 175.00 176 00N UK/Cont. 173.00 I74.00N 174.00
      253 words
    • 93 4 (in cwtti/1 ton poHcts) July August (current mth) (forward mth) NOON NOON RAS Buytrj Buyers SSR 20 177.00 179.OON 179.00 181 OON SSR 50 175.00 177.00N 177 00 >79 OON MRELB Buyers S#H«rs B«y ft S«ll«n SMRCV 228.00 230 OON 230.00 232 OON SMR L 228 00
      93 words
    • 70 4 THE Stralti tin price la Peaaag yesterday rose tws cents to Ms2tJl per kils, still within the ITA lewer range of and 532.M. Dealers attributed the rise to strong support by the baffer stock manager, aided by a smaller «tiering «I If! tonnes. Turnover wnn 15# tonnes ea
      70 words
    • 138 4 WHEAT FUTURES closed one cent per bushel higher in July to two cents lower In December on the Chicago Board of Trade on Thursday December finished near the middle of a 4V< -cent range. Trade remained light ahead of the Usda stocks report due to be released after the
      138 words
    • 84 4 CHICAGO soybean futures ranged from 17 cents per bushel higher in August to three cents higher in November in thin trade on Thursday. August ended near the top of a 29-cent range. Old crop prices rallied late. Some traders spread old-crop/new-crop, adding support to nearbys. Traders sold new crop
      84 words
    • 87 4 Crude MALAYSIA M$/tOMM (*eNer«' June (south) cioiifij price* 1,320 00 June (north) 1,350.00 June (central) 1,330 00 Juty (central) 1,340 00 LONDON USS/tMM ciomo pncti WU21 Sumatra 5% July 795 00 Aug 740.00 down 10 S«p 720.00 down 10 Oct 700 00 down 10 ROTTERDAM US$/tMM \Mwtn clllim
      87 words
    • 296 4 Singapore (S$/Uo, «i-godow j Thai white 100« l»t class (kangaroo) n« w crop 1 05 100« 2nd clou 077 J 100« 3rd doss 075 25« n«w crop No stock B-10« No stock j Thai broken A-sup«r 0.62 Special 0.55 1 Thai rice 55« No stock China rice 10« 0.93
      296 words
    • 138 4 Chinm Produce Exchange (S#H#n' noon doting priest on htm 22. S$/100 kg) Coconut oil BuAc FOB 240.00 Otd drum FOB 253 00 N«w drum FOB 257.00 Copra Mix«d Ooom) 125 00 buyers Popper Muntok whit* FOB N.W 637.50 Sarawak whit* FOB foq NLW 630.00 Sarawak *p«ciat block FOB
      138 words
    • 125 4 AFP WORLD PRODUCTION of wheat this year is expected to reach a record 505 million tonnes, or some nine million tonnes more than last year. The International Wheat Council said this would be more than enough to meet world consumption estimated at
      AFP  -  125 words
    • 812 4 COFFEE Robusta futures closed a very quiet morning session yesterday with losses from the previous close of £12 to £6. September was quoted £6 down at £2,159. The market matched expected New York-based opening losses of around £10. Prices then held in a narrow range in subdued Jobber
      812 words

  • BANKING AND FINANCE
    • 410 5 SINGAPORE: The local currency weakened to 552.1170/80 against the US currency yesterday from $2.1140/50 on Thursday and to 5591.40/50 against the Malaysian dollar from 91.30/40. The US dollar firmed against most major currencies. It closed firmed at 2.7855/65 marks compared with an early 2.7760/70 and against New York's
      410 words
    • 172 5 Interbank rates at 3pm Local dolors to om unit of foroign lordey c woo portly US dolor Storing pound Austrolion dolor NZ dolor Canadian dolor 2.1160 2.8872 1.8314 1.3479 1.6212 2.1170 ***** 1 8344 1.3506 1 6223 2.8196 ***** 3.4286 3.4286 3.4206 -24.95 -60.70 -46.54 -60.64 -52.60 Locol
      172 words
    • 66 5 THE OVERNIGHT rate closed firmer at 7V« per cent yesterday on the Singapore interbank money market, up from IV* per cent on Thursday. Term rates for the one two and three months remained unchanged. S$ interbank rates at 3pm yesterday Offer Bid Overnight 7 3/4 7 5/8 1
      66 words
    • 95 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from June 25 to June 29Offered: $150,000,000 Applied fer: 1273,000,000. Allotted: $150,000,000. 599 25 approximately 51 per cent; higher bids in full. Average rate ef flee—l ea aUotaneat: 3.005 per cent per annum. Discount prices At
      95 words
    • 226 5 SINGAPORE Futures fluctuated within a narrow range throughout the session in very quiet trading yesterday before closing mixed compared with New York's levels. Sales for the day were recorded at one lot. Prompt closed unchanged at New York's level of U*****.00/373.50 an ounce and August slightly firmer at $377.50/378.00
      226 words
    • Article, Illustration
      223 5 Asian market THE PLR is the lowest lending rate at which a bonk is prepared to lend in Singapore dollars to its clients on on overdraft or demand basis. us$ OHf Bid 7 days 1 month 12 5/16 12 3/16 12 1/8 12 2 months 12 3/16 12 1/16 3
      223 words
    • 339 5 Reuter MONEY SUPPLY In the United States, as measured by M-l t has risen above the Federal Reserve's annual growth target of 4 to 8 per cent. Economists said this, together with Commerce Department estimates that the economy is still growing at a robust
      Reuter  -  339 words
    • 164 5 LIFFE, the London International Financial Futures Exchange, opened trading in long term US treasury bond futures on Thursday. The new contract brings the exchange's total to nine. The first day's trading was opened by Mr Tom Cunningham, chairman of the Chicago Board of Trade (CBOT),
      164 words
    • 138 5 WESTERN creditor nations, informally grouped under the "Paris Club", have sent a veiled but potentially significant reminder to Argentina that an agreement with the International Monetary Fund (IMF) remains a key precondition for the re-scheduling of more than US&O billion due to them by the
      138 words
  • Page 5 Advertisements
    • 57 5 SWIMMING POOLS ATTENTION POOL BUILDERS/CONTRACTORS A major Australian pool manufacturer wishes to establish pool building groups THROUGHOUT ASIA. Through using the unique building system, dealers are assured of excellent profits, quality products and a competitive price structure. A representative wi be in Singapore from July 2nd to 15th. For appointment
      57 words
    • 268 5 THAIS ASIAEUROPE EXPRESS ROUTES One-stop to Copenhagen, Frankfurt, Rome and take your choice to Paris, Amsterdam and London. Now by Royal Executive Class. Catch Thai on the GREAT CIRCLE EXPRESS ROUTE. It flies the shortest distance non-stop to COPENHAGEN,FRANKFURT.ROME and ATHENS. Then onward to the other great European capitals of
      268 words

  • FEATURES
    • 471 6 IT WAS INDEED a great pleasure and honour for Mr Lim Tow Yong to be able to drop some strong hints when he addressed Japanese businessmen at the 15th Annual General Meeting of the Japanese Chamber of Commerce last night. In firm but very
      471 words
    • 1340 6  -  India will have to adjust to dwindling international aid By LOUISE DO ROSARIO CHEAP LOANS and other concessional aids from rich to poor countries are on the decline. And hardhit countries like India are finding ways to make up for the drop in external funds. The
      1,340 words
    • 138 6 NOBODY holed in one in the Hapag-Lloyd fifth annual golf tournament at the Sentosa Serapong Golf course yesterday. Local golfer MM J Subramanian took the challenge trophy and SC Lim won the nearest pin award at 9 feet and 1 inch. Mr Subramanian, the
      138 words
    • 986 6 VmmJ Berth Arrival Departure KEPPEL WHARVES Armagnoc 46 alongside 23.6/1500 Murrayeverett 37/8 alongside 23.6/1830 Pacific Eagle 5 alongside 23.6/1800 Permonin 15/6 alongside 23.6/0600 Ronneburg 8/9 alongside 23.6/1500 Gen Fr Kleeberg 6/7 23.6/1130 25.6/0530 Al Mandarah 5 23.6/2300 24.6/1500 Aldeba 25/6 23.6/1000 24.6/0600 Donam No 7 37/8 23.6/1830
      986 words
  • Page 6 Miscellaneous
    • 1246 6 TO m Mm HIGHLIGHTS: James Burke The View From Within 8.03 pm, Channel 12 This programme looks at the complexity of the brain handling the simplest activity, such as going to a party. James Burke's consciousness steps out of his body for a while to demonstrate how it acts as
      1,246 words

  • TIME-OFF
    • 765 7  -  Myth and megalopolis converge in a spectacle by Japan's avant-garde troupe By ANNA KISSELGOFF NYT THE SIGHT OF four nearnaked men, their chalk-covered bodies as white as alabaster as they dangled upside-down along the glass surface of a Toronto office building might make even a blase
      NYT  -  765 words
    • 202 7 SINGAPORE RIDERS who find it difficult to leave home to compete in overseas horse jumps have been given a chance to do that without needing to buy a passage. The Federation Equestre Internationale/Coca-Cola competition is being held in Singapore for three successive Sundays at the
      202 words
    • 304 7 STRAWS in the Wind ONE ENGLISHMAN, who said he would try anything once, described his first experience with durians as "absolutely revolting". It was like "eating custard that had come from the sewers". Such a reaction is quite understandable and there is even a theory
      304 words
    • 460 7  -  By QUEK SWEE PENG MADAM DONG HAN JING is 73. While most of her contemporaries would have resigned themselves to sitting in a rocking chair, she has picked up a painting brush. "I started painting at 58 after I retired," said the
      460 words
    • Article, Illustration
      746 7 CONCERTS Tonight, Beethoven's Ninth Symphony with soloists, Dorothee Reingardt (soprano), Anke Eggers (alto), Paul Arden-Griffith (tenor) and Hindenori Komatsu (baritone). Victoria Concert Hall, 8.15 pm. SSO music night at the Ang Mo Kio Town Garden West. Sunday, 8-9 pm. Sponsored by the UIC group. Lunchtime concert featuring the
      746 words
  • Page 7 Advertisements
    • 46 7 1C TIMES CONFERENCES has brought together a Panel of Prominent Professionals and Practitioners to bring to you G^ CP \3C c* tSV S* \|\V> \9 G>^ For more information, contact the organiser Times House, Kim Seng Road Singapore 0923 Tel: *****11 Ext 2642/2643/2644/2645 Telex: RS *****
      46 words
  • Page 7 Miscellaneous
    • 770 7 ramfrooa CRYPTIC PUZZLE ACROSS 9 Colled to Una, outside exercising the ape (5-4) 10 Searching for another way to say "improving" (7,2) 12 A sling and it's white (4) 13 Go get the material and look at it (6) J 4 Fafc back at the latter part of the year
      770 words

  • INTERNATIONAL STOCKS
    • 344 8 Reuter THE RECENT accords between the US and Japan aimed at internationalising the yen are expected to have minimal impact on the US car industry, industry analysts said. US companies have long complained that their Japanese rivals enjoy a cost advantage over
      Reuter  -  344 words
    • 156 8 Reuter A MERGER may be the best permanent solution (or Continental Illinois Corp, chairman David G Taylor said. "Joining with a stronger partner may prove the best permanent solution with least cost to employees, shareholders, the community and the financial and regulatory system," Mr
      Reuter  -  156 words
    • 266 8 UPI AFTER a dramatic three-day surge, the stock market finished mixed because of profit taking on Thursday but the heaviest trading in four months indicated megabuck institutions were buying again. Weakness in IBM, which paced the market higher earlier this week, was one
      UPI  -  266 words
    • 121 8 JUNE 21 a Imp Ol Inco 36* 13** 36 H Int Prov Pipe 28* Int Uts 23* Intl N>ckel Bonk Novo Scotia 10* 30 v* unch Kerr Add LoNow B 17* 14* unch unch 24* Massey Ferg 3* Broscan 31 Mc Btodel MoKon A 25* 16* 48 Can Prm
      121 words
    • 219 8 JUNC 21 (and INDUSTRIALS A Alpha 920S Ab*rconn 200 A£ And a 940 -5 5 Trust Bk Un Steel Urnsec Wootwonh 275 120 5605 1800 MININGS 2325 unch unch unch -5 AMIC 3000 iir^dh ***** 1410 (/nch 1800 2300 -25 Butt eh 7900 CNA 285 3 360 500 -10
      219 words
    • 678 8 JUNf 21 US$ ACF Industries Alcan Akjrrar Alcoa Alegheny Lud Afced Chem Cp Afced Stores Afcs-Chalmers Am Brandt trie Am Broodcast Am Con Co Am Cyanamid Am Elec Pwr Am Express Am Home Prod Am Motors Cp Am Notval Gas Am Tel Tel Ama» fete Ameroda Hess AMf
      678 words
    • 640 8 Amsterdam JUNf 21 Fb A0N 307 50 6 5 Ae®oo 110 50 unch AhokJ 172 30 +18 Akio 8180 +0 8 AM£V 148 50 0 5 Amrobnk 57 50 0 7 BarV 34 00 +15 Boh 82 50 03 231 50 0 3 Bos* o 30 10 +03
      640 words
    • 190 8 Reuter EXXON CORP's capital spending is expected to show another increase in 1985, senior vice-president J F Bennett told security analysts. He said spending is on the upswing and is expected to be higher again next year, but gave no details. Exxon's 1984 capital spending
      Reuter  -  190 words
  • Page 8 Advertisements
    • 68 8 I I ir.P. The Summer Palace w 1 r FINEST CANTONESE CUISINE FOR ALL OCCASIONS. THE ADVANTAGE IS INTER CONTINENTAL THE PAVILION INTER CONTINENTAL THB PAVILION S INTERCONTINENTAL SINGAPORE 1 Cuscaden Road. Singapore 1024 2 Tel: 733 8888 High Tea Never tasted so good Never looked so good g The
      68 words
    • 97 8 excitement hits ROBIN'S TAVERN Two popular groups entertain from 5 15 p m onwards A single group performs on Sundays and Mondays Order a glass of White Horse Whisky, Be* Whisky, Seager Gin, BisquN VSOP or Tiger Draught Beer and oet a tecond ON THE HOUSE Plus a 25% discount
      97 words
    • 138 8 HUANG PALACE V Hong Kong Tim Sum served from 11 am to 230 pm (We also cater for weddings, anniversaries, birthdays and Chinese dinner functions.) For Hrsmntums plra\r mil 2***0122 t xl I*l7 or I-HID PRESIDENT HERLIN HOTEL SINGAPORE I*l. kiiilH'iH-r Html. >iiik.i|iiiii laiTOIX! DINE, WINE DANCE at the EMPEROR'S
      138 words
    • 122 8 m nimmMm 11 "Olf* fr&rund Enjoy Our Prompt Efficient Service In Cool, Quiet Cosy Atmosphere WESTERN/CHINESE/ LOCAL CUISINE Banquets Cater For Lunch Dinner Meetings Wedding Occasions, Birthday Parties At $16/- Onwards Per Person or Other Occasion With Function Rooms (Free of Charge) For 60 And Above. Taped Disco Music for
      122 words
    • 164 8 London: Pago 11 Frankfurt: cfoiid Zurich: Unavailable Feng Cheng Lou for the best Teochew food in town. Discover mouth-watering delights prepared by hong Kong chefs. Feel like royalty while you dine in Oriental splendour. Open daily from: 12.00 noon 3.00 pm for lunch and 7.00 pm 11.00 pm for dinner
      164 words

  • ASIAN STOCKS
    • 349 9 HONGKONG: Prices closed firmer on selective buying yesterday in spite of speculation over an imminent local interest rate rise by foreign exchange dealers. The Hang Seng index closed 8.26 points higher at 937.38 against a 1.55 loss at the midmoming fix. Brokers noted fairly active trading in HK Bank,
      349 words
    • 240 9 JUNE 22 AJ Sincere Indus NT 895 04 Chem Indus Lien Hwo Indus Nan Yo Ptos 2350 1380 36 60 32 50 -03 -03 unch unch Cathay Com Chang Hwo Bonk Chen Loonj 31 40 55 50 26 20 -05 unch ■04 Pacific Elect Wire Paolung Paper 1990 244
      240 words
    • 404 9 TOKYO Prices closed lower in quiet trading yesterday reflecting an overnight setback on Wall Street and the yen's weakness against the dollar. The market average fell 17.18 to close at 10,153.58, after falling 66.46 on Thursday, in a volume of 320 million shares against 280 million on Thursday. Investors
      404 words
    • 71 9 June 22 Won 705 unch Hyundai Corp Hyundai Motor ICAL 620 532 435 702 -5 -8 unch -4 660 8 Korea Oi 850 CommOTcaJ Bk Doehm Ind 700 550 -6 -15 Korea Ship Lucky Ltd 415 724 -5 -1 388 +2 610 -20 555 -7 949 -16 635 -5
      71 words
    • 511 9 SYDNEY: Australian stocks closed firmer yesterday on speculative buying, particularly in oil and gas issues. The All-ordinaries index was 5.1 points higher at 659.3 points after national turnover of $40.77 million. Brokers said rumours the Jabiru three well in the Timor Sea was successful prompted interest in the partners.
      511 words
    • 143 9 BANGKOK: Prices closed marginally higher in moderate trading. The Book Club index rose 0.06 to 118.18. Turnover totalled 27.6 million baht and 141,346 shares changed hands compared with 18.7 million baht and 104,001 shares. JUNE 22 lafcts S«am City Cement 397 unch A ok horn Thai 240 unch S<om
      143 words
    • 88 9 MANILA: The market closed mixed yesterday in continued dull trading that reflected lower metal prices overseas. The commercial and industrial index was 1.44 points higher at 133.17, but mines were 5.88 lower at 1,070.60. The oil marker fell 0.018 to 0.685. JUNC 23 Pmm Phi Overview PNtex B 0
      88 words
    • 49 9 AP TWO Japanese carmakers, Suzuki Motor and Isuzu Motors, are expected to begin car exports to Canada this year. President Takashi Ishihara of the Japan Automobile Manufacturers Association said on Thursday the two carmakers had no previous records of car exports to Canada. AP
      AP  -  49 words
    • 253 9 Reuter SHIN-ETSU Handotai, the biggest of Japan's four wafer makers with 50 per cent of the market, will increase production in Japan to 17.50 million wafers this year from 12.50 million last year. Shin-Etsu will spend 50 billion yen in the two years
      Reuter  -  253 words
    • 404 9 UPI OMRON TATEISI, the innovative electronics maker with products ranging from betting machines to fever thermometers, is planning to double its exports over the next five years. The Osaka-based company, which started out in a renovated photo studio 51 years ago, earned
      UPI  -  404 words
    • 159 9 AP THE TAIWANESE government has approved a joint venture between American Telephone and Telegraph Co and domestic telecommunications companies to manufacture electronic switching systems. The Council for Economic Planning and Development said NT$2O million is the investment capital of the project. In the joint
      AP  -  159 words
  • Page 9 Advertisements
    • 333 9 «W- 7 'J I H E* T I is ir.S> 1 pmzm*m W- W mi H XjOOJIe^ BEflnritES mnn Lunchconj^. Nov" »< <>« $12* <§flls££. r a V'WSt I *«p y. i Baron's Table Sunday Branch... you'll kve it.' Give mum a break this Sunday and bring the family in
      333 words
    • 109 9 M k V. Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, you 11 find our staff friendly and efficient, our food appealing and delicious. Try our famous claypot specialities, Hainanese chicken rice arid other dishes. For reservations, please
      109 words

  • SHARE INFORMATION
    • 4117 10 IN YET ANOTHER lacklustre performance, share prices on the Singapore stock market ended mixed to easier yesterday. Some dealers said this was in response to Wall Street's 4.42-point decline on Thursday. But others argued that the local market's performance this week has been
      4,117 words
    • 237 10 SINGAPORE Rites G I Ufa 1760 50« 830 M 8f»ana» 660 F A C 8 90c 283 Em )46C KhII Wn 560 Na» 1—it 450 M Gian 210 ICS 720 C 8 635 Taip Cms 90< 580 20 +20 20 ♦18 10 10 10 +8 5 +5
      237 words
    • 522 10 SHARE prices finished on an easier note at the Kuala Lumpur stock market yesterday in another round of lacklustre trading. Although some scattered buying support was evident in the final hour, this was not sufficient to offset earlier losses. Total turnover dropped to 4.5 million
      522 words
    • 2596 10 BID and offer prices officially luted and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lota of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word -SETT".
      2,596 words
  • Page 10 Advertisements

  • COMPANY NEWS
    • 454 11  -  By CHAN MAY PENG JACK CHIA-MPH Ltd has drawn up details on the use of the $54 million proceeds from its two-for-three rights issue. The rights issue at |1.35 per share, with transferable subscription rights (TSR), was approved unanimously by shareholders at
      454 words
    • LATEST
      • 49 11 has announced group pre-tax profits of $30.18 million for the half-year ended Mach 31, 1964 against $19.63 million in the previous interim. A higher interim dividend of 10 per cent gross (8 per cent) will be paid on Aug 2 to shareholders registered on that date.
        49 words
      • 46 11 has reported higher group pre-tax profits of M 57.78 million for the year ended March 31, 1984, compared with $6.49 million before. A final dividend of 5 per cent less tax will be paid on Qct 1 to shareholders registered on Aug 23.
        46 words
      • 30 11 has announced an increase in group pre-tax profits to M 52.64 million for the six months ended March 31, 1984, from the previous interim's $939,767.
        30 words
    • 335 11 HIGH interest costs and substantial start-up expenses in associated companies have adversely affected half-time earnings at Van der Horst Ltd. During the six months to March 31, 1984, group net profits were more than halved to $909,000 from a creditable $2.24 million previously. This is
      335 words
    • 1840 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Alcom (2.148 2.165) (2) 2.18 (5)2.17(5)2.16 Antoh (1.895) (5)
      1,840 words
    • 183 11 IN LINE WITH United Industrial Corporation's policy of diversification, the company has formed a total of 10 subsidiaries in Singapore to undertake various activities. They are UIC Holdings Pte Ltd, UIC Management Services Pte Ltd, UIC Marine Pte Ltd, UIC Realty Pte Ltd, UIC
      183 words
    • 89 11 The Malaysian Capital Issues Committee and Bank Negara Malaysia have approved MaJayaa BiRMig BM'i one-for-four bonus and rights issues and an offer at par of $360 million 8 per cent irredeemable convertible unsecured notes 1964/1994 on the basis of $2.00 nominal amount of unsecured notes for every one
      89 words
    • 217 11  -  By HOCK LOCK SIEW AFTER overcoming the five-month-old downtrend resistance < PQ. at $2.70), General Corp's share price rallied to reach a high of $3.20. Since then, the counter has been congested within a wide trading band, AB:CD, between $3.20 and $2.80. This rectangular
      217 words
    • 98 11 HONGKONG Hong Seng Index Friday 937 38 Thursday 929 12 Week ago 932.37 TOKYO Tokyo Dow Jones Friday *****.61 Thursday *****.76 Week ago ***** 05 TSE Index Friday 778 58 Thursday 779.85 Week ago 776.82 SYDNEY Austrolion Minings Friday 426.0 Thursday 423.6 Week ago 429.0 Australian Industrials Friday
      98 words
    • 204 11 Monogers' prices for June 23 25 Singapore Unit Trust The Commerce 3.13 3.32* The Sovngi Fund 189 2.01 Spore Prog Fund I 39 1.47 S pore Sec Fund 2 13 2 26 S'pore Invest Fund 112 119« S'pore Equity Fund I 39 1.47 Asia Unit Trust Mol Invest
      204 words
    • 1005 11 THE market closed lower yesterday on continued worries over a possible rise in US and UK interest rates, but showed signs of moving above the day's lows in places on selective bargain hunting, dealers said. At 3pm, the FT 30 index was down 9.6 points at 809.5. Equity
      1,005 words
  • Page 11 Advertisements

  • 331 12  -  Increasing Soviet presence a threatening sign By CHUANG PECK MING COMMUNISM is still a threat to Singapore, said the executive chairman of The Straits Times Press (1975) yesterday at the Birth of a Nation seminar. Mr S R Nathan, formerly permanent secretary of the
    331 words
  • 192 12 FIVE PUPILS attributed the People's Action Party win in the 1959 General Elections to correct strategies, strong organisation and the failings of the opposition. Speaking at the Birth of a Nation seminar yesterday, the pupils from Raffles Junior College said that by cooperating with the communists,
    192 words
  • 342 12  -  By LEE HAN SHIH ALL OF the 80 HUDC apartments and maisonettes in Cairnhill were snapped up the moment they came onto the market yesterday. This again illustrates the point that there is still a demand (or properties despite the depressed market
    342 words
  • 247 12  -  By FOO CHOY PENG THE EXECUTIVE council of the Singapore Air-Transport Workers' Union (Satu) is to meet on Monday to discuss how to deal with the three unionists charged with insubordination and acting against the union's interest. Letters telling council members about the meeting
    247 words
  • 213 12 HOUSING and Development Board flats will cost 2.5 per cent more from July 1, but there will be no increase in downpayment. Those who are allocated flats through selection or balloting before the July deadline will pay current prices. The
    213 words
  • 225 12 PAKISTANI Oil Minister Dr Asad Khan yesterday denied he was visiting the region in search of oil for his country. But he did not rule out the possibility that supply sources, currently restricted to the troubled Arab Gulf area, could be diversified to include
    225 words
  • 124 12 IF YOU DO housework for money, you are a servant. If you do it for free, you are a wife with no specified contractual working hours. This has upset Ann Mcßride enough to declare a strike for a shorter work week. In the
    124 words
  • 213 12 Reuter CHINA'S TOP leader Deng Xiaoping yesterday assured a business delegation from Hongkong that Beijing's policies on the colony would not change after it recovers sovereignty in 1997. The official New China News Agency (NCNA) said Mr Deng met the business leaders for two
    Reuter  -  213 words
  • 161 12 AFP THE INDONESIAN Parliament has approved a Bill providing the legal framework for the country's industrial development. The Bill, passed on Thursday, stipulates that the government is responsible for fighting unfair competition and preventing industrial monopolies harmful to the public interest. It empowers
    AFP  -  161 words
  • 66 12 WALL Street stock prices were lower in early trading yesterday as investors remained cautious about interest rates, the economy and the money supply. The Dow Jones Industrial Average, which fell four points on Thursday in a mixed session, was down about 2Vi to under 1125. Overall, losers
    66 words
  • LATE FILE
    • 61 12 Reuter BRITAIN'S opposition Labour party, long shown as lagging behind in opinion surveys, has now taken a one-point popularity lead over the ruling Conservative party, according to a poll out yesterday. A Marplan poll of voter preferences put Labour at 38 per cent, Conservatives at 37
      Reuter  -  61 words
    • 40 12 Reuter TWO LAWYERS yesterday walked out of an inquiry into the murder of Philippine opposition leader Benigno Aquino, saying they were not allowed to question a witness who said he saw the killing. Reuter
      Reuter  -  40 words
    • 60 12 Reuter JOSEPH Luns, SecretaryGeneral of Nato for nearly 13 years, retired yesterday with a dire warning of the dangers of pursuing detente in the face of communist rebuffs. Mr Luns, 72, used a farewell address to the Nato council of ambassadors to take a
      Reuter  -  60 words
    • 57 12 UPI THE PHILIPPINE state sugar trading agency has failed to pay for sugar it had bought from Filipino producers, raising the possibility of reduced yields from financially strapped farms. The National Sugar Trading Corp had been unable to pay an estimated U5527.7 million in
      UPI  -  57 words
    • 64 12 Reuter AIR INDIA will buy six European Airbus Jets to go into service in 1986, managing' director Dhruba Base announced in Bombay yesterday. He told reporters that the planes' maker, Airbus Industrie, had offered to finance the bulk of the US$479-million foreign exchange
      Reuter  -  64 words
    • 50 12 AP THE BANK of Japan announced yesterday that it will start circulating new banknotes on November 1 in order to make its money counterfeit-proof. The bank will use a special ink for the notes to thwart forgers who have adapted sophisticated printing and photocopying techniques in recent years.
      AP  -  50 words
    • 52 12 Reuter THE BANGLADESH government has pased a law aimed at reducing the use of powdered baby food and promoting breast-feeding. An official announcement said on Thursday night that every baby food container should carry the message: "Nothing is substitute for, or equivalent, or superior to breast
      Reuter  -  52 words
  • 467 12  -  By SOH TIANG KENG, Banking Corraapondant THE PRESENT easing of restrictions in the Tokyo financial markets will lead to floating of yen bonds and yen syndication loans in the Asian dollar market. This was predicted here yesterday by Mr Hideo Matsumura, the Tokyo-based
    467 words
  • 162 12 Reuter THE Australian reserve bank has said that 18 of 40 merchant banks awarded foreign exchange licenses this week can start trading on Monday. The 18 include Capel Court Corp Ltd, Chase-NBA Group Ltd, Chemical All-States Ltd, Citicorp Australia Holdings Ltd, Elders
    Reuter  -  162 words
  • Page 12 Advertisements
    • 93 12 Gel C/> m 1 v< <$\ CD a /i CD v V 5 <£2 CD Clinomint is good for smokers and anyone else who desires healthier, whiter teeth Clinomint gel is a uniquely formulated toothpaste with Fbtynam II (TM). an effective cleansing agent that safely removes tobacco tea. coffee and
      93 words
    • 85 12 !.iki> great pleasure iti intr<»Jikirv Abbie Vischschoonmaker (ialleries International of the Netherlands Specialists in the finest Persian Carpets and l apestries In\ itcs you t< i A UNIQUE EXHIBITION OF ANTIQUE AND MORE RECENT HANDMADE Persian Carpets IN SILK AND WOOL from Iran I urkey Ntehanistan etc The Singapore Paullion
      85 words
  • Page 12 Miscellaneous
    • 61 12 Outlook for todoy: Fair, except for showers in a few areos in the late morning and early afternoon. Report for 24 hours prior to 7 30pm on June 22 at the airport: Maximum temperature 32.2 Associated humidity 62 Minimum temperature 27.2 Associated humidity 91 Hours of sunshine 8.30 Roinfall in
      61 words