The Business Times, 23 June 1984
1984-06-23
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The Business Times
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Title Section11 1984-06-23 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, JUNE »,1984 60 CENTS11 words
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244 1984-06-23 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 that244 words
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Article96 1984-06-23 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 hisUPI - 96 words
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Article, Illustration329 1984-06-23 1 LISA LEE - '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 Jalan329 words
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442 1984-06-23 1 LEE HAN SHIH - 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 posed442 words
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131 1984-06-23 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 hadAFP - 131 words
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Article, Illustration64 1984-06-23 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 had64 words
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414 1984-06-23 1 BOEY KIT YIN - 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 levy414 words
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595 1984-06-23 1 RAY HEATH - 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$350billion problem. Ahead of the second day of the two-day meeting, most ministers appeared595 words
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Page 1 Advertisements
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Advertisement71 1984-06-23 1 IMAC-ASIA '84 S. E. Asia's 4th International Exhibition of Materials Handling Physical Distribution Equipment 25 29 June WTC An Interfama organised show Tel: *****12 S$ 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. SAVINGS71 words
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Advertisement297 1984-06-23 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 of297 words
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Advertisement138 1984-06-23 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 your138 words
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Advertisement23 1984-06-23 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: *****1223 words
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HOME NEWS
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444 1984-06-23 2 KANG SIEW KHENG - 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 the444 words
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211 1984-06-23 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 "Health211 words
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Article44 1984-06-23 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
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Article, Illustration255 1984-06-23 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 Jordan255 words
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184 1984-06-23 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 the184 words
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103 1984-06-23 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 "SingaporeAP - 103 words
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Page 2 Advertisements
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Advertisement419 1984-06-23 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. y419 words
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OVERSEAS
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Article, Illustration212 1984-06-23 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 WilliamAFP; UPI photo - 212 words
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Article63 1984-06-23 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 operatedReuter - 63 words
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Article123 1984-06-23 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 FrenchReuter - 123 words
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Article753 1984-06-23 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 HLP753 words
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280 1984-06-23 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 monthsNYT - 280 words
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WORLD IN BRIEF
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Article51 1984-06-23 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 on51 words
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Article51 1984-06-23 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 now51 words
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Article62 1984-06-23 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 awarded62 words
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Article59 1984-06-23 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 not59 words
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Article56 1984-06-23 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 nxe56 words
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Article63 1984-06-23 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 offer63 words
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244 1984-06-23 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 startedReuter - 244 words
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338 1984-06-23 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 withoutUPI - 338 words
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242 1984-06-23 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 $650Reuter - 242 words
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98 1984-06-23 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 federalAP - 98 words
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342 1984-06-23 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 aircraftUPI - 342 words
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429 1984-06-23 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 capabilityUPI - 429 words
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230 1984-06-23 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
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Article, Illustration179 1984-06-23 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 AngelesAP picture - 179 words
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332 1984-06-23 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 SovietNYT - 332 words
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Article83 1984-06-23 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 peninsulaAFP - 83 words
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154 1984-06-23 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 NationalAP - 154 words
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205 1984-06-23 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 40Reuter - 205 words
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Page 3 Advertisements
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Advertisement8 1984-06-23 3 Am.Daily 747SPToUSA It Flies Smoother, Faster And Quieter.8 words
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Advertisement253 1984-06-23 3 THE NEW 8888 ARGENT A 1201 E AUTOMATIC 1995 C.C. w HA' Af?GEN T A a Sty ng J ,jnm,«,takaP ma*e gous co' a car 'ha f cames her pto*t e'c j'mos* •not CQiPO' QO Linno'tced A pride 'C 'he most .1 scernmc A ooi> at the HA* APG[N T253 words
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RAW MATERIALS
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Article276 1984-06-23 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 One276 words
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Article110 1984-06-23 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 yarn110 words
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65 1984-06-23 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, outputReuter - 65 words
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Article253 1984-06-23 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 174.00253 words
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Article93 1984-06-23 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 0093 words
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Article70 1984-06-23 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 ea70 words
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Article138 1984-06-23 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 the138 words
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Article84 1984-06-23 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 crop84 words
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Article87 1984-06-23 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 clllim87 words
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Article296 1984-06-23 4 Singapore (S$/Uo, «i-godow j Thai white 100« l»t class (kangaroo) n« w crop 1 05 100« 2nd clou 077 J 100« 3rd doss 075 25« n«w crop No stock B-10« No stock j Thai broken A-sup«r 0.62 Special 0.55 1 Thai rice 55« No stock China rice 10« 0.93296 words
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Article138 1984-06-23 4 Chinm Produce Exchange (S#H#n' noon doting priest on htm 22. S$/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 FOB138 words
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125 1984-06-23 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 atAFP - 125 words
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Article812 1984-06-23 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 Jobber812 words
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BANKING AND FINANCE
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Article410 1984-06-23 5 SINGAPORE: The local currency weakened to 552.1170/80 against the US currency yesterday from $2.1140/50 on Thursday and to 5591.40/50 against the Malaysian dollar from 91.30/40. The US dollar firmed against most major currencies. It closed firmed at 2.7855/65 marks compared with an early 2.7760/70 and against New York's410 words
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Article172 1984-06-23 5 Interbank rates at 3pm Local dolors to om unit of foroign lordey c woo portly US dolor Storing pound Austrolion dolor NZ dolor Canadian dolor 2.1160 2.8872 1.8314 1.3479 1.6212 2.1170 ***** 1 8344 1.3506 1 6223 2.8196 ***** 3.4286 3.4286 3.4206 -24.95 -60.70 -46.54 -60.64 -52.60 Locol172 words
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Article66 1984-06-23 5 THE OVERNIGHT rate closed firmer at 7V« per cent yesterday on the Singapore interbank money market, up from IV* per cent on Thursday. Term rates for the one two and three months remained unchanged. S$ interbank rates at 3pm yesterday Offer Bid Overnight 7 3/4 7 5/8 166 words
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Article95 1984-06-23 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 At95 words
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Article226 1984-06-23 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 $377.50/378.00226 words
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Article, Illustration223 1984-06-23 5 Asian market THE PLR is the lowest lending rate at which a bonk is prepared to lend in Singapore dollars to its clients on on overdraft or demand basis. us$ OHf Bid 7 days 1 month 12 5/16 12 3/16 12 1/8 12 2 months 12 3/16 12 1/16 3223 words
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339 1984-06-23 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 robustReuter - 339 words
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Article164 1984-06-23 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
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Article138 1984-06-23 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 the138 words
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Page 5 Advertisements
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Advertisement57 1984-06-23 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 appointment57 words
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Advertisement268 1984-06-23 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 of268 words
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FEATURES
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Article471 1984-06-23 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 very471 words
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Article, Illustration1340 1984-06-23 6 LOUISE DO ROSARIO - 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. The1,340 words
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Article138 1984-06-23 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, the138 words
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Article986 1984-06-23 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 23.6/1830986 words
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Page 6 Miscellaneous
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Miscellaneous1246 1984-06-23 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 as1,246 words
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TIME-OFF
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Article765 1984-06-23 7 ANNA KISSELGOFF - 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 blaseNYT - 765 words
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Article, Illustration202 1984-06-23 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 the202 words
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Article304 1984-06-23 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 theory304 words
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Article, Illustration460 1984-06-23 7 QUEK SWEE PENG - 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 the460 words
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Article, Illustration746 1984-06-23 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 the746 words
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Page 7 Advertisements
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Advertisement46 1984-06-23 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
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Page 7 Miscellaneous
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Miscellaneous770 1984-06-23 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 year770 words
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INTERNATIONAL STOCKS
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344 1984-06-23 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 overReuter - 344 words
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156 1984-06-23 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," MrReuter - 156 words
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266 1984-06-23 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 oneUPI - 266 words
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Article121 1984-06-23 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 Prm121 words
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Article219 1984-06-23 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 -10219 words
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Article678 1984-06-23 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 AMf678 words
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Article640 1984-06-23 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 +03640 words
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Article190 1984-06-23 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 spendingReuter - 190 words
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Page 8 Advertisements
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Advertisement68 1984-06-23 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 The68 words
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Advertisement97 1984-06-23 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% discount97 words
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Advertisement138 1984-06-23 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'S138 words
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Advertisement122 1984-06-23 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 for122 words
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Advertisement164 1984-06-23 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 dinner164 words
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ASIAN STOCKS
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Article349 1984-06-23 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
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Article240 1984-06-23 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 244240 words
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Article404 1984-06-23 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. Investors404 words
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Article71 1984-06-23 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 -571 words
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Article511 1984-06-23 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
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Article143 1984-06-23 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<om143 words
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Article88 1984-06-23 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 088 words
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Article49 1984-06-23 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. APAP - 49 words
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253 1984-06-23 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 yearsReuter - 253 words
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404 1984-06-23 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, earnedUPI - 404 words
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159 1984-06-23 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 jointAP - 159 words
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Page 9 Advertisements
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Advertisement333 1984-06-23 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 in333 words
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Advertisement109 1984-06-23 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, please109 words
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SHARE INFORMATION
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Article, Illustration4117 1984-06-23 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 been4,117 words
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Article237 1984-06-23 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 +5237 words
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Article522 1984-06-23 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 million522 words
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Article2596 1984-06-23 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
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Page 10 Advertisements
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COMPANY NEWS
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Article, Illustration454 1984-06-23 11 CHAN MAY PENG - 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 at454 words
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LATEST
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Article49 1984-06-23 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
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Article46 1984-06-23 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
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Article30 1984-06-23 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
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Article335 1984-06-23 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 is335 words
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Article1840 1984-06-23 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
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Article183 1984-06-23 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, UIC183 words
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Article89 1984-06-23 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 one89 words
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Article, Illustration217 1984-06-23 11 HOCK LOCK SIEW - 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 rectangular217 words
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Article98 1984-06-23 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 Friday98 words
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Article204 1984-06-23 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 Invest204 words
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Article1005 1984-06-23 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. Equity1,005 words
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Page 11 Advertisements
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Advertisement20 1984-06-23 11 The New ENCYCLOPAEDIA BRITANNICA 3 the only reference standard accepted in a court of law. Call STP Distributors Tel: *****28/*****4420 words
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331 1984-06-23 12 CHUANG PECK MING - 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 the331 words
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Article192 1984-06-23 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
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Article, Illustration342 1984-06-23 12 LEE HAN SHIH - 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 market342 words
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247 1984-06-23 12 FOO CHOY PENG - 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 meeting247 words
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213 1984-06-23 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. The213 words
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Article225 1984-06-23 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 include225 words
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Article, Illustration124 1984-06-23 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 the124 words
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213 1984-06-23 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 twoReuter - 213 words
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161 1984-06-23 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 empowersAFP - 161 words
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Article66 1984-06-23 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, losers66 words
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LATE FILE
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Article61 1984-06-23 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 37Reuter - 61 words
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40 1984-06-23 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. ReuterReuter - 40 words
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Article60 1984-06-23 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 aReuter - 60 words
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Article57 1984-06-23 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 inUPI - 57 words
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Article64 1984-06-23 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$479-million foreign exchangeReuter - 64 words
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Article50 1984-06-23 12 AP THE BANK of Japan announced yesterday that it will start circulating new banknotes on November 1 in order to make its money counterfeit-proof. The bank will use a special ink for the notes to thwart forgers who have adapted sophisticated printing and photocopying techniques in recent years.AP - 50 words
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Article52 1984-06-23 12 Reuter THE BANGLADESH government has pased a law aimed at reducing the use of powdered baby food and promoting breast-feeding. An official announcement said on Thursday night that every baby food container should carry the message: "Nothing is substitute for, or equivalent, or superior to breastReuter - 52 words
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467 1984-06-23 12 SOH TIANG KENG - By SOH TIANG KENG, Banking Corraapondant THE PRESENT easing of restrictions in the Tokyo financial markets will lead to floating of yen bonds and yen syndication loans in the Asian dollar market. This was predicted here yesterday by Mr Hideo Matsumura, the Tokyo-based467 words
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162 1984-06-23 12 Reuter THE Australian reserve bank has said that 18 of 40 merchant banks awarded foreign exchange licenses this week can start trading on Monday. The 18 include Capel Court Corp Ltd, Chase-NBA Group Ltd, Chemical All-States Ltd, Citicorp Australia Holdings Ltd, EldersReuter - 162 words
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Page 12 Advertisements
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Advertisement93 1984-06-23 12 Gel C/> m 1 v< <$\ 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 and93 words
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Advertisement85 1984-06-23 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 Paullion85 words
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Page 12 Miscellaneous
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Miscellaneous61 1984-06-23 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 in61 words
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