The Business Times, 11 August 1984

Total Pages: 12
1 12 The Business Times
  • 11 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, AUGUST 11,1984 60 CENTS
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  • 490 1  -  NWC brings orderly and steady increases in income By CHUANG PECK MING SINGAPORE has won international recognition as one of the few countries where government, employers and workers have worked together to carry out an incomes policy successfully. An International Labour Organisation report
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  • 520 1  -  By SOH TIANG KENG, Banking Correspondent LOOK carefully before you leap this is the Government's advice to consumers wishing to take car and housing loans. The Government, in its Economic Survey of Singapore (second quarter 1964), calls upon banks and finance companies
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  • 65 1 Reuter MORE THAN 58,000 workers in the Philippines were laid off in the seven months to July against just over 27,000 a year ago, according to preliminary statistics from the Labour Ministry in Manila. More than 1,500 companies either suspended operations or closed permanently due
    Reuter  -  65 words
  • 418 1 FAR EASTERN BANK, whose controlling stake was bought over by the United Overseas Bank earlier this week, was fined a total of $40,000 yesterday for contravening the Banking Act. Its managing director Ng Eng Kiat was fined $8,000 for the
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  • Article, Illustration
    64 1 PROFIT-TAKING at the Singapore stock market yesterday caused most share prices to retreat farther on redaeed volume. At the close of the trading aeooiai, the BT Composite Index had lost 7.91 points to 855.19 and the Straits Times Industrial Index yielded L 53 points to 9CSJ7. Throughout the
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  • 405 1  -  By ALVIN TAY THE WORLD BANK is floating -its second massive US$lOO million bond issue on the Asian dollar market, confirming the bank's recognition of the importance of the Singapore-based market. The seven-year bond, leadmanaged by Nomura Securities of Japan, will
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  • 620 1  -  By NAJEEB JARHOM UNITED Overseas Bank has reported an unexpected 13.5 per cent fall in group net profits after tax, diminution in value of assets and allocation to inner reserves, to $70.27 million for the six months to June 1984 from $81.23 million
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  • Page 1 Advertisements
    • 161 1 ENEX ASIA «g "84 VTECHNICAL CONFERENCE^/" "and workshop sessions" Eminent technologists from 10 countries presenting the latest in electrical electronic engineering For more information, call:lINTERFAMA PTE LTD Tel: *****12 I THE WHOLE GOLFING WORLD •kIS TALKING ABOUT... Jtf# The Revolutionary Lightweight Clubs! lynx the world's leader in golf club making
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    • 261 1 MD3 SHARE INFORMATION 12 RAW MATERIALS 4 MONEY EXCHANGES 5 Singapore's exports of knocked-down furniture in the first six months hove exceeded projections mode by the industry at the start of the year. Pag* 2 BRITAIN'S Daley Thompson has proved beyond all doubts that he is the world's greatest 011-round
      261 words
    • 194 1 [@>~(<(\||[!|'<)?_">`/%.,_!^&_` Businessmen The Hoogkongßank Action Team is just a call away The Hongkongßank Action Team. A group of highly trained men and women with special financial skills to bring you fast and efficient action on your banking requirements. Give us a call and one of us will come and see
      194 words
    • 6 1 An Interfama organised show Tel *****12
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  • HOME NEWS
    • 471 2  -  By JOHN LIM HITACHI Zosen Robin Dockyard is going for higher productivity and is aiming to cut its running costs by a fifth to overcome the effects of the recession, said its managing director, Mr K Mito, yesterday. He also told workers gathered at
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    • 177 2 THIS LITTLE duckling may soon be seen making short-haul trips to remote areas. The stubby 26 metre-long BAe 146 is manufactured by British Aerospace to replace its older propeller-driven counterparts. Evidently, external beauty was not the main design consideration, but the 146 is reputed
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    • 332 2 Seminars and courses DURATION TITLE VENUE ORGANISER Aug 10 Aug 13-18 Aug 13-18 Measurement Of Poverty: Some Results On India Indonesia CAD/CAM: Baste Printed Circuit Board Design CAD/CAM: Basic Mechnical Applications Faculty Of Arts Social Sciences, NUS CECTU CECTU Economic Society Of Singapore Economic Development Board Economic Development Board
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    • 323 2 THE Automobile Association of Singapore has countered some of the allegations made by its main contractor in the legal wrangle over the AAS Centre. The contracting company, Lip Tat Building Construction Co Pte Ltd, has filed a suit against the AAS for a total
      323 words
    • 361 2 EXPORTS of knocked-down furniture in the first six months have exceeded projections made by the industry at the start of the year. Local manufacturers' optimism then that the American market will lead the growth in exports has proved not to be unfounded. The major
      361 words
    • 301 2 NEW INVESTMENTS from Singapore into New Zealand over the last two years have dropped from the 1981 peak of NZ$3.B million. Figures from the Investment Unit of the Department of Trade and Industry show that new investments in 1981 shot up to $3.8 million
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    • 46 2 THE ECONOMIC Development Board (EDB) and the Singapore Textile and Garment Manufacturers' Association (STGMA) are organising a one-day seminar titled Post Mission Seminar Singapore Textile Mission to Japan. Four papers on production and automation, total quality, material input and fashion training will be presented.
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    • 230 2 SINGAPORE Airlines has dropped in its position as the ninth largest airline in terms of air freight last year to 12th position last year. According to Air Transport World's annual ranking of the world's "Top 25" airlines in 1963, the main
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    • 182 2 ESSO has awarded scholarships worth $42,850 to fifty-six students from primary six to university levels. The wards were presented by the managing director of Esso Singapore, Mr TJ Bolam, at a ceremony at the Mandarin Hotel yesterday. In his presentation speech, Mr Bolam emphasised that the
      182 words
    • 292 2 THE GOVERNMENT should speed up the revision of copyright laws to protect local publishers. The move would also safeguard the interests of representatives of foreign publishers in Singapore. The call was made yesterday by P G Publishing Pte Ltd, a local medical
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    • 112 2  -  By JEFFREY TSANG CHAIRS ARE made for sitting on but some of these gentlemen obviously think otherwise. Or perhaps they just want to stand out among the crowd. This three-metre high-back seater, on display at the Asia Pacific Furniture Fair at the
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    • 368 2 KENJI NUMANO, 46, has taken over as president of Singapore Nomura Merchant Banking Ltd. He replaces Mr F Fukuda who has returned to Japan. Before his Singapore appointment, Mr Numano was deputy managing director of Nomura Internatipnal (HK). JAYSON MUGAR, a financial and business development consultant based
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  • OVERSEAS
    • 585 3 Reuter THE outstanding issues in the Sino-British talks over Hongkong's future are well on the way to solution and China's Sep 30 deadline for agreement looks like being met, sources close to the talks said yesterday. Three main issues land, civil aviation and nationality
      Reuter  -  585 words
    • 262 3 Reuter A WEST GERMAN economic slowdown next year will become a crisis unless the government brings forward plans for income tax reform and ends subsidies, and unless workers forego 1985 pay rises, a leading economist was quoted as saying. State-run Saarland Radio quoted
      Reuter  -  262 words
    • 439 3 UPI BRITISH industrialists have called on the government to break the nation's "strike mentality" as some miners drifted back to work in spite of the bitter deadlock over the 22-week walkout. "The picture which overseas investors are now beginning to get is of
      UPI  -  439 words
    • 211 3 UPI THE RICH are getting richer and the poor are getting poorer in Britain, government figures released on Thursday showed. Figures from the Central Statistical Office showed that the top 10 per cent of wage earners were better off in the 1980s than
      UPI  -  211 words
    • 256 3 AFP JAPAN will refuse to allow US warships carrying Tomahawk nuclear missiles to enter its ports, Prime Minister Yasuhiro Nakasone said. At a press conference in Nagasaki after a ceremony marking the dropping of an atom bomb there by the US on Aug 9,
      AFP; AP Photo  -  256 words
    • 335 3 UPI THE US has stepped in to help Belgium buy a $1.7 million computerised metal-working tool to keep the sophisticated machine out of the hands of the Soviet army. The Belgian Economic Affairs Ministry said that negotiations this week between
      UPI  -  335 words
    • 473 3 Higher current account surplus expected Reuter JAPAN IS poised for faster growth in 1984 and 1985, with significantly higher trade and current account surpluses in spite of a sharp rise in imports, the Organisation for EconomicCooperation and Development (OECD) said yesterday. In its
      Reuter  -  473 words
    • 303 3 Reuter NEITHER THE conflict between Iran and Iraq, nor mining of the Red Sea, threaten supplies of oil to the EEC. The Commission, which had been following developments closely, has judged that the situation was not alarming. According
      Reuter  -  303 words
    • 240 3 AFP EGYPTIAN President Hosni Mubarak has emphasised that Egypt is fully responsible for security in the Suez Canal and has the right to ban any ship from the ranal which "threatened its security". About 55 per cent of the world's oil exports use the Suez
      AFP  -  240 words
    • 150 3 AFP A MAN AND a woman may risk sharing the "promiscuity of a lift" for the few seconds it takes to reach a higher floor without risk of impropriety even if they are not married to each other, a chief rabbi has ruled in Jerusalem.
      AFP  -  150 words
    • 236 3 Bernama ISLAMIC WORK ethics are being drawn up for Malaysian government employees, Dr Mohamed Yusof Noor. Deputy Minister in the Prime Minister's Department, said on Thursday. The final draft of the ethics prepared by the Islamic Consultative Body would be submitted to
      Bernama  -  236 words
    • 815 3 ARRIVALS P I Operator Service Local From I number time 1 PA A FA5 0020 JFK/SFO/HKG j CAL CI33I 0150 TPE MAS V.H68I 0820 KUL KAl KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH601 0905 KUL i SV SV 386 0910 JED/RUH MAS MH67I 0935 KUL
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  • Page 3 Advertisements

  • THE XXIII OLYMPIAD
    • 849 4 UPI BRITAIN'S Daley Thompson has proved beyond all doubts that he is the world's greatest all-round athelete in becoming the first back-to-back Olympic decathlon champion in 32 years. He finished 124 points ahead of world record holder Juergen Hingsen of West
      UPI; UPI photo  -  849 words
    • 285 4 Reuter A MILLIONAIRE Australian fisherman, listed as interested in women and money, has proved to be the strongest man of the 1984 Olympics. Burly 24-year-old Dean Lukin, who made his money from the family tuna fishing fleet working the tumbling seas
      Reuter  -  285 words
    • 474 4 AP ZOLA BUDD has been the centre of controversy and mystery ever since the tiny teenager created a big stir of international intrigue by changing her citizenship so she could compete in the Olympics. Now, an international crowd at the Games has
      AP  -  474 words
    • 86 4 AP SEVERAL people were injured on Thursday night when a railing at the Olympic handball venue collapsed following the completion of a game between Yugoslavia and China. Olympic officials said one person was taken to a hospital and as many as nine others were believed
      AP  -  86 words
    • 167 12 UPI TRACIE RUIZ (left) and Candy Costie of the US performing {he duet synchronised swimming routine that won them the first-ever gold medal in the event on Thursday. The two wept uncontrollably as they made Olympic history. Their triumph in the duet event marked the
      UPI  -  167 words
    • 316 12 Reuter REINER Klimke, the doyen of dressage, gave a masterful performance on Thursday on Ahlerich to give West Germany the team gold medal in the most elegant of equestrian events. Klimke, a 48-year-old lawyer, left 42 other riders trailing as he won his
      Reuter  -  316 words
    • 193 12 AFP PAKISTAN and West Germany will meet in the Olympic hockey final today, in a repeat of the 1972 final in Munich. On that occasion, West Germany won 1-0 and Michael Peter, the German captain, was a member of that winning
      AFP  -  193 words
  • RAW MATERIALS
    • 154 4 Chinese Produce Exchenge (Setters' noon closing prices on Aug 10. S$/100 kg) Coconut oil Bufc FOB ***** Old drum FOB 228.00 New drum FOB 232 00 Copra Mixed (loose) 115 00 buyers Pepper Muntok white FOB NLW ***** Sarawak white FOB faq NLW 625 00 Sorawak special block
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    • 295 4 Singapore (S$/kito, ex-god own) Thai white 100% 1st doss (kangaroo) new crop 1 05 100% 2nd class 0.77 100% 3rd class 0.75 25% new crop No stock B-10% No stock Thai broken A-super 065 Special 060 Thai rice 55% No stock China rice 10% 092 15% No stock 25%
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    • 186 4 SINGAPORE The market closed lower yesterday with September One RSS buyers quoted at 188.25 cents per kg. The morning session opened three cents lower but picked up towards noon on light buying of September and October One RSS in quiet trading. MALAYSIA The market closed slightly lower at 209.00
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    • 339 4 RAS prices (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS prompt 184 00 185.OON 184 00 185 OON Int 1 RSS Sep 188 25 188 75 188.25 188 75 Int 1 RSS Oct 193 25 193.75 193 00 193 50
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    • 110 4 (in cents/1 ton pallets) September October (current mth) (forward mth) RAS Buyers NOON Sellers NOON Buyers Sellers SSR 20 SSR 50 190 00 188 00 192 OON 190 OON 192 00 190 00 194 OON 192 OON MRELB Buyers Sellers Buyers Sellers SMR CV SMR L SMR
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    • 80 4 THE Straits tin price in Peitag yesterday remained at the ITA fleer level of M$».lS per kilo en centinned lack of demand. The price hat been at this level since inly M. The buffer steck manager again provided meet ef the support amid scattered baying from Japanese and
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    • 168 4 MALASIAN crude palm oil prices closed steady yesterday to slightly lower on light speculative selling in quiet trading with most operators sidelined ahead of yesterday's Usda crop estimates. Pakistan's RBD palm oil purchase on Thursday and higher Chicago soybean futures supported prices earlier. In the August position, south
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    • 168 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 3,450 Blue Phoenix 20's 3,550 Blue Phoenix 32's 3,900 Blue Phoenix 40's 4,350 Carded yarn, hank Blue Phoenix 21 's 3,600 Comked yarn, cones Blue Phoenix 32's 5,350 Blue Phoenix 40's 5,550 Open-end yarn
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    • 149 4 CHICAGO wheat futures closed 3 1 to 2 3/ 4 cents a bushel higher on Thursday, with December ending near the middle of a 5 1 i cent range. Wheat values added to earlier gains when soybean futures and outside Financial markets rallied. The early advance was established on
      149 words
    • 136 4 CHICAGO soybean futures rallied after Thursday midday to close unchanged to two cents per bushel higher. November finished near the top of a 14 cent range. Soybean values rose on commission house and local buying, sparked by strength in corn and wheat and rebounding financial instrument and precious metal
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    • 875 4 COFFEE Robusta futures ended the morning session yesterday with pared gains of £13 to £5. November finished at £2,325, up £6 and unchanged from midmorning The market advanced from the opening influenced by the firm close in New York and reflecting moderate commission house chart based buying. Some
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  • MONEY AND EXCHANGES
    • 547 5 SINGAPORE: The US dollar finished slightly higher yesterday against most major European currencies after fluctuating widely throughout the day in active trading.lt weakened in the morning on a larger than expected fall in the latest M-l money supply. Against the Singapore dollar, the US unit opened lower at
      547 words
    • 48 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from July 13 to 17: Offered: »5,000,000. Applied for: $112,190,000. Altetted: $85,000,000. L $99 25 approximately 71 per cent; higher bids in full. Average rate af dtsceont on allotment: 3.000 per cent per annum.
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    • 121 5 THE OVERNIGHT rate rose by '/k point to close at B'/« per cent on the Singapore interbank money market yesterday. One-month term rate rose by 1/16-point yesterday, while the two and three-month maturities remained at Wednesday's closing levels. S$ interbank rates at 3pm yesterday Offer Bid Overnight 8
      121 words
    • Article, Illustration
      211 5 Asian market ASIAN dollar deposit rates extended earlier losses in thin afternoon trading yesterday on continued lending interest. Short-dates weakened between 1/16 and point at the outset and thereafter weekend lost another V» to close at 119/16 U-l/2 and week fixed 1/16 to 11-5/8 11-9/ 16. Interbank rfoiuiaM nka 7
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    • 227 5 Interbank rates at 3pm Local dollon to fMia iifuf />4 miiifli WwKedyee sfooo parity currency: US dolor 2 1440 2.1450 ***** -23 96 Storting pound ***** 2 8324 7 3469 -61 49 Austrafcon dollar 1 8091 1.8116 3 4286 -47.24 NZ dolor 1 0694 1 0720 ***** -68
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    • 317 5 SINGAPORE Futures closed higher in moderately active trading yesterday following firmer overseas acNlces. December which recorded a turnover of 540 lots closed stronger at U*****.80 an ounce traded compared with New York's close of $361.00/361.50. February which was thinly traded on a volume of five lots closed firmer at
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  • BANKING AND FINANCE
    • 362 5 FT THE WEST German Cabinet has agreed in principle to abolish the withholding tax faced by foreigners who buy German bonds, as a means of helping reverse the present outflow of long-term capital from the country. However, the formal measure to
      FT  -  362 words
    • 182 5 Reuter JAPAN'S finance ministry has agreed to a proposal by Japanese securities houses that issuers of Euroyen bonds pay the 20 per cent interest withholding tax rather than non-resident investors, securities sources say. However, no early placement of Euroyen bonds by Japanese corporations is
      Reuter  -  182 words
    • 170 5 KEENER competition among international banks can be expected as they shift their focus away from Latin America, Africa and eastern Europe. With this in mind, the Singapore Merchant Bankers' Association (SMBA) and the Harvard Club of Singapore are sponsoring a workshop on Aug
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    • 411 5 FT, Reuter THE BANK of England has signalled strongly that it wants commercial banks' base lending rates to fall another half percentage point to 11 per cent. For the second successive day, it cut Vt percentage point off the dealing rates at which
      FT,; Reuter  -  411 words
    • 274 5 AFP THE BANK of Thailand (BOT) has urged the public not to rush to withdraw deposits following moves to reorganise a Thai commercial bank beset by management and liquidity problems. In a statement, the central bank appealed to depositors of the troubled Asia
      AFP  -  274 words
    • 207 5 Reuter INTEREST rates on Japanese domestic yen deposits and loans will soon reflect market rates rather than follow the traditional pattern of fluctuating with Bank of Japan official discount rate changes. The annual report of the Economic Planning Agency (EPA) says the main instrument
      Reuter  -  207 words
    • 156 5 AFP THE RENEWED weakness of the yen in the last few months may well prove "temporary," with a stronger trend developing next year, according to London currency analysts Maxwell Stamp in its latest review. The analysts said an attempted further easing to the mark
      AFP  -  156 words
  • Page 5 Advertisements
    • 460 5 &ct/tma/i4 of flfyz/ljtla// fijf(a/ayAia r&ehAad (Incorporated in Malaysia) PRELIMINARY FINAL STATEMENT AND DIVIDEND ANNOUNCEMENT The Directors are pleased to announce: 1. Unaudited results lor the year ended 30th June, 1984: GROUP—1984 1983 MS'OOOs MS'OOOs TURNOVER 394,549 338,320 16.6 694,532 338,320 16.6 TRADING PROFIT after charging 50,989 32,746 55.7 51,014 32,291
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  • FEATURES
    • 529 6 TWO SATURDAYS AGO, President Ronald Reagan closeted safely in a booth high above the stands of the vast Memorial Coliseum declared the Olympic Games of Los Angeles. Since then, and until today, 8,000 athletes have been engaged in competition aimed at bringing out the best
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    • 591 6  -  By CHRISTOPHER HANSON Reuter GENETIC ENGINEERS working for a white supremacist government produce a disease which kills only blacks. On behalf of a black government, others develop a strain that spares blacks but destroys whites. Military scientists, using new gene-splicing techniques, make an extremely
      Reuter  -  591 words
    • 476 6  -  By EDWIN McDOWELL NYT THE STRATEMEYER Syndicate, the fiction factory that for 78 years has turned out the adventures of Tom Swift, Nancy Drew, the Hardy Boys and the Bobbsey Twins, has been purchased by Simon Schuster. Those series are thought to be the most
      NYT  -  476 words
    • 1192 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL Location E Handsome 032W 11 8 84 2300 G Asia FSB 0900-1100 L2 New Guardian 10/84 12.8 84 0100 New Gen FSB 1200-1300 L6 N Topaz 32S/N 12.8 84 0400 NAPL FSB 0800-0900/1400-1600
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  • Page 6 Miscellaneous
    • 1279 6 to cm ai«) C OUHHEIS 1 12.25 PM SBC Text Live Sample Pages 12.55 Opening and Programme ttghights folowed by Sesame Street: Featuring the letters G and T, and the number 5. 2.00 Saturday Matinee To Race the Wind 3.35 Far East Squash Championships Singapore Leg (Men's Final Maqsood Ahmed
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  • TIME-OFF
    • 952 7  -  By JEFFREY TSANG EXECUTIVE SALOONS do not come cheap. Continental cars with engines displacing two litres and more are usually accompanied by a price tag in six digits. Even Japanese offerings such as the 2.8-litre Toyota Crown command over $70,000. Mitsubishi, hard pressed to re-capture
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    • 759 7  -  By MONICA GWEE PERHAPS WE might make suicide respectable. It is a gripping poser, but one that is very touch and go with audiences since they have to think about death and personal rights for two hours. But precisely because of its non-answers, Whose Life
      759 words
    • 201 7 DINNERS ADD to the celebration mood, and it appears that Singaporeans are eating to their stomach's content these few days, with Chinese dinners at housing estates almost every night. But what are they celebrating? A closer look reveals that it is more often the Chinese seventh
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    • 153 7 LOOKING FOR tyres? Now there are two new series to consider, Bridgestone's SF-216 Euroad and SF-330 Eager. The Euroad is the 70 series steel-belted replacement for the Bridgestone's RD-106 Steel (106 V), and is priced between $90 and $140. The tyre is medium-priced and Bridgestone claims it
      153 words
    • 376 7 CONCERTS Regular Concerts at the WTC Auditorium Violinist Lee Pan Hon and guest conductor Huang Yijun will give one more performance tonight. Saturday Aug 11, 8.15pm World Trade Centre Auditorium. Tickets $15, $10, $7 and $4. Ticket office at WTC opens at 7.15pm EXHIBITIONS Advertising for Art and
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  • Page 7 Miscellaneous

  • INTERNATIONAL STOCKS
    • 208 8 Reuter THE DEPARTMENT of Trade and Industry (DTI) said it would consider an official recommendation for the government to increase its powers over nonresident shareholders in British companies who fail to respond to departmental inquiries. The official inquiry into the share ownership of House
      Reuter  -  208 words
    • 269 8 FT DEUTSCHE Bank, West Germany's largest commercial bank, is taking another step to strengthen its capital base by floating a 750 million deutschmark convertible bond issue bearing a 4 per cent interest rate at par. The action follows a one-for-12 rights issue in the spring which
      FT  -  269 words
    • 288 8 AFTER pausing for the past two sessions, the market on Thursday exploded to its highest level in more than six months in an afternoon buying spree that revived Wall Street's historic summer rally. The surge followed a rally in the bond market
      288 words
    • 125 8 AUG 09 c$ 37* 37* +10* bco 13* 37* 1 Int Prov P*>« 31 unch unch VS Int un 26B In* Nickd Bonk Novo Scotia M T«< 12* 34 H 16* Lofclow B 15*4 inch BP Con Ltd 23* Mc Bkxfel 26 MoKoo A 17* unch Moore Cp 53*
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    • 200 8 AUG 09 Trust 8k 230 5 Un Steel 100 unch INDtlSTVIALS Unrsec 490 -5 -20 Woolworth 1275 unch Abercom 140 5 MININGS AE And O 775 unch Anglos rn*> 50 AMIC 2650 50Angtvool 1125 5 7250 C G Smrtti 1800 -5 480 35 CNA 190 unch Cons Gold 1025
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    • 728 8 AUG 09 us$ ACf Mmtrm Alcon Alurrxn Alcoa Lud AJbad Cham Cp AM StOTaS Afc-Chaknars Am Brandt he Am Broadcast Am Can Co Am Cyanamd Am Elec Pwr Am Eupmi Am Ham Prod Am Motor* Cp Am Naltfd Gat Am Tal A Tat Amax Inc Amaroda Mass AMf
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    • 732 8 Amsterdam AUG 09 Fh A8N 314 00 -5 5 119 00 -2 5 Ahold 192 00 -2 92 30 -0 2 AM£V 155 00 unch Amfoi 55 80 -0 7 32 00 -0 1 Boh 91 00 unch Bori4*TH 228 00 2 Botko 26 50 -17 65 50
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    • 136 8 Reuter ITT Corp wants to hold a 29.9 per cent stake in the merged group which will result from Standard Telephones and Cables PLC's (STC) bid for ICL PLC, according to the STC offer document. ITT at present holds 35 per cent of STC
      Reuter  -  136 words
  • Page 8 Advertisements
    • 219 8 ir.Pj _The Summer falace pnxjdk pwrts a special knxhtxn mt*nu \Ne can think of sixteen reasons why uou should try our unique new menu... Braised fish maw soup with crab meat, braised fungus soup with assorted k meat, braiseti bean curd with vegetables, braised diced chicken with fresh milk, deep
      219 words
    • 145 8 SZSfIEsSiSB Spectacular Double Bill Cedric Debbie wm Kathy Los Amors 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 ;TT\ Whisky, Befl Whisky. Seager Gin, Bisqurt VSOP and oet a second
      145 words
    • 142 8 HUANG PALACE X Hong Kong Tim Sum served from 11 am to 230 pm (We also cater for weddings, anniversaries, birthdays and Chinese dinner functions.) For Rrsm+lttHH plrasr <all 29****** Ex I I*l7 or PRESIDENT MERLIN HOTEL SINGAPORE INI. kill Ih'IMT Riml. Siiikj|ii»i' IK9 lei '.St# IS DINE, WINE DANCE
      142 words
    • 113 8 I Igtfk&TJrand. 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 your dancing
      113 words
    • 151 8 London stock*, Pago 11 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 cßjswn #ffijwtinm 270
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  • ASIAN STOCKS
    • 403 9 HONGKONG: Share prices closed stronger yesterday on speculation of an imminent cut in local interest rates. The successful US Treasury auction of U554.75 billion of 30-year bonds on Thursday signaled a peakout in US interest rates. The Hang Seng Index ended 24.54 points higher at 925.70. Among leaders, Cheung
      403 words
    • 270 9 AUG 10 Al Sincere Indus MT 720 25 80 -0.2 +0 1 Cham Indus Lien Hwa Indus Non Yo PIos 22 70 14 45 32 60 28 90 -0.1 0 25 +0 2 0.1 Cathay Con* Chang Hwo Bank Chan Loooo Chio H«n Cement 30 70 58 50 25
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    • 331 9 TOKYO: Share prices closed sharply higher yesterday following a strong recovery on Wall Street on Thursday and the yen's gain against the dollar here. The market average added 85.57 to close at 10,375.93 after rising 43.24 on Thursday. Turnover was a light 240 million shares against an ex- tremely
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    • 78 9 Aug 10 Won 671 Hyundai Corp Hyundai Motor KAL 1000 640 480 740 -5 -16 -9 -5 jncH Korea CM 1303 22 Commercial 0k 680 60S unch •13 Korea Ship 425 820 unch unch Daewoo Corp Daewoo Ind Dong Ah GoldStar 007 614 660 802 739 •7 •11 -12
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    • 383 9 SYDNEY: Australian sharemarkets closed firm yesterday on strong buying support as investors found encouragement in Wall Street's sharply higher tone and in the lower local unemployment figures issued on Thursday. In the metals and golds group, Placer rose 90 cents to $18.50, CRA 22 to $5.60, Aberfoyle 20 to
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    • 192 9 BANGKOK: Share prices closed mostly higher yesterday in quiet trading concentrated on cement and finance groups. The Book Club Index rose 0.50 to 118.74 on turnover of 38.5 million baht with 495,232 shares traded. Jalaprathan Cement rose four baht to 115, Siam Cement two to 285 and Bank of
      192 words
    • 153 9 MANILA: Share prices closed generally lower yesterday in dull trading due to the continued tight money situation. The Commercial and Industrial Index was down 0.28 to 116.30, the Mining marker fell 5.60 to 939.68 and the Oils Index was unchaged at 0.713. Lepantoß dropped to 0.036 from 0.037, Philex
      153 words
    • 73 9 Reuter SANYO Electric Co has forecast a 22.5 per cent rise in consolidated net income to 41.5 billion yen in the 1983/84 year ending Nov 30 from 33.89 billion yen in 1962/83. It forecast sales would rise to 1,350 billion yen from 1,126 billion yen.
      Reuter  -  73 words
    • 266 9 Reuter IN THE wake of China's modernisation drive and booming sales of consumer goods, an increasing number of Japanese high-technol-ogy start-up venture firms have been rushing to cultivate Chinese markets on their own. Such ventures included computer and its peripheral equipment makers such as Microresearch Inc
      Reuter  -  266 words
    • 129 9 AFP SUCCESSFUL hotel operations in China have contributed to a one per cent increase in profit for the first half of the year for Hongkong and Shanghai Hotels, according to the company. The group reported profits of HK567.3 million for the six months ended June
      AFP  -  129 words
    • 378 9 FT ASAHI Glass, Japan's largest sheetglass manufacturer, has reported interim unconsolidated net profits of 12.966 billion yen for the six months to June 30, 1964, a 16.4 per cent increase over the previous year's first half, when the parent company reported net
      FT  -  378 words
  • Page 9 Advertisements
    • 520 9 s©s mii N f here to wine, dux aad «dKrtak COMh on a gourmet adventure beneath M the starlit sk\ 4 gteamboat hvcrv Sonda\ t> pm to I 1 pm k ST m m m.. For two: S2S For four SSf> For m\ c -Mnrnjc cii'acc A delicious choice of
      520 words
    • 117 9 !P r GQFFEE GARDEN.' we serve son roasd the clock n TV fv Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, youll find our staff friendly and efficient, our food appealing and delicious. Try our famous claypot specialities,
      117 words

  • SHARE INFORMATION
    • 4257 10 THE EUPHORIA which has been sweeping the local stock market before National Day, appeared to have subsided. Share prices closed mixed to easier on noticeably reduced volume yesterday. At the final bell, the BT Composite Index eased 7.01 points to 855.19 while the Straits
      4,257 words
    • 269 10 SINGAPORE P Rises Indices 0 Karomot Hi..)., so« Carfafelrg Saohoo oiirvlSf"* M Im1«| M Ciw«n S0< -K- r/y. WVW> W O JV* C A S H S0« GoU Com SiynQ M#tol 1040 235 1420 +140 620 30 575 +25 446 22 285 20 915 +15 304 +14
      269 words
    • 388 10 A LATE BOUT of profittaking caused share prices to close off their day's high at the Kuala Lumpur stock market yesterday in active trading. Share prices closed on a mixed to steadier note, with most gains and losses confined within a narrow range. Interest was
      388 words
    • 4599 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. AU Time Settlement Contracts are quoted after the word "SETT".
      4,599 words

  • COMPANY NEWS
    • 214 11 By HOCK LOCK SIEW BREAKING free from the triangle ABC in mid-August last year, Malayan United Manufacturing Bhd's share price has surged to peak at $20.50 ($3.42 ex-all) before the suspension for the bonus and stock split issues. Since then, the counter has been in
      By HOCK LOCK SIEW  -  214 words
    • 98 11 FRASER Neave Ltd, a drinks and food-based group, has acquired the remaining 50 per cent stake in a plywood concern. The company announced yesterday that Singapore Plywood Co Pte Ltd, formerly an associate, has now become a wholly-owned subsidiary. The plywood company has been dormant for
      98 words
    • 63 11 GULA Perak Bhd: Losses for the year ended March 31, 1984 amounted to M$7.32 million ($8.6 million) with sales revenue of $6.36 million ($11 million). C K LIEW Holdings Pte Ltd has increased its stake in Veneer Predicts Ltd from 19.06 per cent to 19.27 per cent after
      63 words
    • 260 11 IN ITS LATEST diversification move, Pahang Consolidated PLC has acquired three British companies and has, at the same time, set up a credit and leasing subsidiary in Singapore. The company, whose change of name to Pahang Investments PLC has been approved by shareholders and
      260 words
    • 95 11 HONGKONG Australian Industrials Hang Seng Index Friday 1025.8 Thursday 1020.5 Week ago 1013.3 Friday 925.70 Thursday 901.) 6 Week ago 894.60 NEW YORK Dow Jones TOKYO Thursday 1224.05 Tokyo Dow Jones Wednesday 1196.11 Week ago 1166.08 Friday *****.93 Thursday *****.36 Standard and Poors Week ago *****.61 Thursday 165.54
      95 words
    • 216 11 Managers' prices for Aug 11 13 Singapore Unit Trust The Commerce 3 14 3.34 The Savings Fund 1.98 2.10 S'pore Prog Fund 1.41 1 50 S'pore Sec Fund 2.05 2 18* S'pore Invest Fund 1.19 126 S'pore Equity Fund 1.40 148 Asia Unit Trust Second B'putro Third B'putro
      216 words
    • 957 11 SHARE prices yesterday closed sharply firmer on the back of another round of base rate cuts to 11 from 11 Vi per cent, and the sharply higher trend on Wall Street, dealers said. At 3pm, the Financial Times 30-share index was up 15.3 points at 842.4. Shares which
      957 words
    • 604 11  -  By ALAN LEE ROTHMANS Pall Mall (Malaysia) Bhd has fared much better than its local counterpart, Rothmans Industries Ltd. The two companies were created as the result of a corporate split of the former Rothmans group in 1981. For the latest year-end to June
      604 words
    • 155 11 Reuter RACAL Electronics PLC is making a bid for Chubb Son PLC which values Chubb at £146.7 million on the basis of a share and loan stock offer. The terms are three Racal ordinary shares and £5 nominal of 7 per cent unsecured loan stock dated
      Reuter  -  155 words
    • 2578 11 BID and offer price* officially luted 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 AjWiomoto (3 90S) (1) 3 90 Alcom (2.275) (17)
      2,578 words
    • 68 11 VENEER Predicts Limited: 25th AGM and EGM on Aug 27 at 3pm in in Prosperity Room, 3rd Storey, The Plaza, 7500A, Beach Road, Singapore 0719. ALEXANDRA H*ldiags Limited: AGM on Sep 22 at noon at Alexandra Road (0315). KUALA Kampar Tia Fields Berhad: 23rd AGM on Sept 28
      68 words

  • 359 12  -  By BOEY KIT YIN THE US Commerce Department has started investigation into charges that Singapore subsidises its textile and clothing exports to the American market. A questionnaire will be sent to the Trade Development Board in the next few weeks. A US official will
    359 words
  • 196 12 FT THE THIRD World's textile producing countries on Thursday called on Gatt to hold an emergency meeting to discuss growing protectionism in the US. They want a meeting of Gatt's textile committee in Geneva before the US introduces tighter curbs on imports of textiles and
    FT  -  196 words
  • 412 12  -  By CHAN OI CHEE TUAN SING Holdings Ltd, which is in the midst of a group-wide rationalisation programme, has sold Restaurant 1819 for about 5500,000 cash. The buyer is a London-based food catering group. Spinneys (1948) Pte Ltd, which does a
    412 words
  • 298 12  -  By WANG LOOK KEAH THE MASS Rapid Transit Corporation is to buy 10 diesel locomotives and 20 bogie flat wagons to be used as work trains in the construction of the MRT system. These will be used by contractors installing
    298 words
  • 310 12 BRAKES similar to those used to stop the world's fastest train will be fitted to Singapore's Mass Rapid Transit trains. Costing $7 million, the brakes will come from Sab Nife, a Swedish company which was recently awarded a sub-con-tract to supply brakes
    310 words
  • 134 12 AFP THE US dollar fell back sharply in early trading in London yesterday after the announcement that the US money supply for the week ended July 30 had contracted by US$2.6 billion. Gold increased from $345.5 an ounce on Wednesday to $350.95 yesterday. The US
    AFP  -  134 words
  • 67 12 WALL Street stock prices moved steadily higher in the first half-hour of trading yesterday, spurred by investor euphoria over continuing signs of moderating economic growth. The Dow Jones industrial average rose by almost 14 points to about 1238. Overall, gaining issues led decliners by a ratio of
    67 words
  • LATE FILE
    • 37 12 AP INDONESIAN Foreign Minister Mochtar Kusumaatmadja said yesterday that his country supports Prime Minister Lee Kuan Yew's view that Thailand should not be allowed to fall under the influence of its communist neighbours.
      AP  -  37 words
    • 60 12 AFP ALL four major British clearing banks yesterday made a further half-point cut in their base interest charges, lowering the rate from 10.5 per cent to 11 per cent. The move was initiated by Barclays Midland and was quickly followed by Lloyds and National Westminster
      AFP  -  60 words
    • 50 12 AP THE Japanese yen has become the world's third reserve currency after the US dollar and the German Deutschemark. Japan's increasing role in trade and in financial markets is likely to enhance the yen's attractiveness for central banks, the Organisation for Economic Cooperation Development said yesterday.
      AP  -  50 words
    • 56 12 AP A CRIMINAL court yesterday released a well-known Thai writer and social critic who had been arrested for writing comments detrimental to the Thai king. Sulak Sivarak was released after he deposited land title deeds worth 1.7 million baht and 1,000 baht in cash as bail, the
      AP  -  56 words
    • 35 12 AFP THE Philippines has been invited to join Latin American debtor countries that have united to strengthen their bargaining position with the International Monetary Fund, Budget Minister Manuel Alba said. AFP
      AFP  -  35 words
  • Page 12 Advertisements
    • 93 12 NOTICE FAR EASTERN FREIGHT CONFERENCE SABAN, BRUNEI AND SARAWAK FREIGHT CONFERENCE NOTICE TO SHIPPERS CONGESTION SURCHARGE The member Lines of the above Conferences have been monitoring the berthing situation at the undernoted port and have reported and agreed on the following:ALEXANDRIA Having further reviewed the situation at this port, member
      93 words
    • 6 12 More Olympic reports on Pag* 4
      6 words
    • 130 12 2ND TIMES INTER-BUSINESS HOUSES ATHLETICS MEET '84 September 1,1984. National Stadium COME, I JOIN US IN 'HE r> f CLASSIC A run for Charity The Charity Classic provides you with the excuse to arm-twist and extort from your friends, enemies, competitors, employees, etc. In return, youll have to give them
      130 words
  • Page 12 Miscellaneous
    • 48 12 WMm Outlook for today: Foir. Report for 24 hours prior to 7 30pm on Aug 10 at the airport Maximum temperature 32.4 Associated humidity 66 Minimum temperature 26.0 Associated humidity 90 Hours of sunshine 8.75 Rainfall in millimetres Nil Rainfall this month 22.2 Rainy days this month 3
      48 words