The Business Times, 15 September 1984
1984-09-15
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The Business Times
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Title Section11 1984-09-15 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, SEPTEMBER 15,1»4 60 CENTS11 words
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Article, Illustration289 1984-09-15 1 Reuter MALAYSIA's national oil company will pump US$l3O million into the ailing Bank Bumiputra and take over a $1 billion dollar debt it incurred through bad loans to Hongkong property developers, the government announced yesterday. Finance Minister Daim Zainuddin said that in return,Reuter - 289 words
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558 1984-09-15 1 LISA LEE - By LISA LEE ANOTHER four years of massive surpluses face the Singapore office property market, according to the latest forecast of demand and supply from consultant Richard Ellis. In its report, which will deepen the gloom of property developers and their bankers, the study558 words
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480 1984-09-15 1 TERESA LIM - By TERESA LIM, Hongkong Correspondent HONGKONG's stock market provided a bit of Chinese numerology for the colony's Financial Secretary yesterday, hours before he announced some happy revisions to his 1984 budget. Share prices rose 33.66 points on the Hang Seng index to close at480 words
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Article123 1984-09-15 1 Reuter CHINA'S first true government international bond, a Samurai issue for 20 billion yen, will have a triple "A" rating, the Economic Daily said. The paper confirmed reports from securities sources in Tokyo that the bond will be offered in October, saying an agreement will be signedReuter - 123 words
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167 1984-09-15 1 ROYAL HOLIDAY INN has introduced a "five-day work, one-day off" scheme for its staff. The scheme is to be run on a six-month trial basis, but judging from the favourable response from its workers, it looks like the scheme is set to167 words
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Article, Illustration88 1984-09-15 1 IN SPITE OF an encouraging start, share prices on the Singapore stock market lost most of their early gains to end the day on an easier note. Most market watchers were disappointed with the performance yesterday, as the local market (ailed to pick np the lead provided by88 words
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438 1984-09-15 1 QUEK SWEE PENG - By QUEK SWEE PENG SINGAPORE retailers plan a market intelligence network to monitor prices in selected shoppers' cities. Mr Ng Thiam Long, the secretary of the Singapore Retail Merchants Association (SRMA), said yesterday that a comparison of prices would be carried out438 words
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432 1984-09-15 1 FOO CHOY PENG - By FOO CHOY PENG SINGAPORE stands to lose half of its trade benefits under the terms of renewal of America's Generalised System of Preferences (GSP) proposed by a House of Representatives' subcommittee in Washington yesterday. The House trade subcomittee wants to cut the432 words
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Article126 1984-09-15 1 THE MEMBER of Parliament for Anson, Mr J B Jeyaretnam, has submitted questions on three subjects for parliament. He wants to know from the Minister for Finance and Minister for Trade and Industry how much has been spent on the Social Development Unit and what is the126 words
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Page 1 Advertisements
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Advertisement84 1984-09-15 1 I'ASIA «<B4 ENEX r —v \n r v UTECHNICAL CONFERENCE' 'AND WORKSHOP SESSIONS Eminent technologists from 10 countries presenting the latest in electrical electronic engineering For more information, call:I INTERFAMA PTE LTD Tel: *****12 S$ FIXED DEPOSITS We offer you one of the highest interest rates 1. 3. 6. 984 words
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Advertisement277 1984-09-15 1 mm SHARE INFORMATION 10 RAW MATERIALS 5 MONEY EXCHANGES 5 SHIPS IN PORT 6 STRAWS IN THE WIND 6 CHARTPOINT 11 JAPAN'S Ministry of International Trade and Industry believes that South Korea is in the process of tightening existing regulations so os to reduce the volume of Japanese imports. Page277 words
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Advertisement18 1984-09-15 1 Full report, Pag* 10 International stocks, 8 Asian stocks, Paga 9 Move to boost tourism industry, Page 218 words
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Advertisement143 1984-09-15 1 An Interfama organised show Tel *****12 TRAVELLING IN ASIA? 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 special143 words
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HOME NEWS
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Article, Illustration442 1984-09-15 2 LIM SOON NEO - By LIM SOON NEO PERMANENT Secretaries of four main ministries and leaders in tourism-related sectors are among members of a task force just formed to boost the tourism industry. The task force was formed recently by Dr Tony Tan, Minister for Finance and442 words
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Article248 1984-09-15 2 THE IMAGE of Singapore as an attractive incentive travel destination is to be promoted in Europe and Taipeh by the Singapore Convention Bureau (SCB) later this month. Together with Singapore Airlines, the SCB is to send teams to four European cities to woo corporate executives248 words
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398 1984-09-15 2 HOUSING Board flat applicants averse to living near a funeral parlour in Clementi were given the right yesterday to choose a flat elsewhere. They will be put back on the waiting list with no loss of priority. The offer is open398 words
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201 1984-09-15 2 THE Economic Development Board has joined hands with high-technology companies to train about 1,000 people to use computer-aided design and manufacturing (CAD/ CAM), robotics and computer-numerical control (CNC). Of these, more than half have been trained in the use of CAD/CAM 225 in robotics and201 words
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108 1984-09-15 2 MORE THAN 380 of Apple's Macintosh computers have been sold since it was introduced eight weeks ago. The microcomputer is bought mainly by smaller businesses Priced at $5,800 each, the computer comes with two standard software packages called "Macwrite" and "Macpaint". Its popularity could108 words
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196 1984-09-15 2 THE BIGGEST jewellery and watch exhibition to be staged in Singapore opens to the public on Monday, Sep 17. Jeweltime '84 will be on show for a week at the World Trade Centre, Exhibition Hall 2. It will be open daily from 12196 words
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94 1984-09-15 2 A TECHNICIAN yesterday became the 16th person to be executed for drug trafficking since the death penalty was introduced for drug traffickers. Murugaya Rajendra, 29, was executed at about 6.00 am at Changi Prison. He was convicted by the High Court in August 1980 and94 words
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390 1984-09-15 2 THE Government is looking for a gradual and steady pace in the build-up of Singapore's civil defence. Originally scheduled to be introduced in all the 79 constituencies by the end of this year, it will now be delayed to the middle of next390 words
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Article318 1984-09-15 2 CANADA is a growing market for many Singapore manufactured products. Last year, Singapore exports to Ontario, Canada's industrial heartland, increased by 40 per cent over the previous year. Mr Robert Welch, Deputy Premier of Ontario, said business opportunities for both Singapore and Canada exporters are being318 words
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Page 2 Advertisements
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Advertisement176 1984-09-15 2 Csso ESSO MALAYSIA BERHAD (Incorporated in the States of Malaya) NOTICE IS HEREBY GIVEN of the declaration of an Interim Dividend payment totalling 6 sen less Malaysian Income Tax at 40% per Participating Redeemable Cumulative Preference Stock unit of $1.00 each for the year ending December 31, 1984 Notice is176 words
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Advertisement32 1984-09-15 2 t J i r a c \\o^ t4O vie^' S \\cA° eS \> c\° ,A 4 <V v V a »V\ s)l oP s V* a e°° ;> c 0 Tin Times 1110 Distributors32 words
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Advertisement42 1984-09-15 2 Switzerland Our partner for international business relations and mergers, Dr. F.C. Stori is October 17 19 in Singapore. Please contact him to fix a date in the Hotel Marco Polo in Singapore. K. Wmzefcr Partners AG, Management Consultants, Hauptstrasse 32, CH-4153 Reinach/Baste.42 words
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OVERSEAS
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490 1984-09-15 3 Reuter INCOMING Prime Minister Shimon Peres is taking office at the head of the most divided government ever to rule Israel and faces the immediate, daunting challenge of repairing the shattered economy. The noisy battleground of Israeli politics looks like moving from the floorReuter - 490 words
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260 1984-09-15 3 UPI A SENIOR Pentagon official has blamed IBM for failing to inspect properly suspected faulty microcircuits bought from the Texas Instruments Corp and imbedded in sophisticated weapons. The US Defence Department on Thursday halted acceptance from more than 80 defence contractors, including IBM, of componentsUPI - 260 words
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239 1984-09-15 3 AFP LORD CARRINGTON, the North Atlantic Treaty Organisation's new Secretary-general, has said that British and French nuclear forces would have to be included eventually in US-Soviet talks over arms reductions. But the former British foreign secretary said that neither Britain nor FranceAFP - 239 words
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521 1984-09-15 3 Pan Am deal could be worth US$2 billion FT Airbus Industrie, the European airliner manufacturing group, has achieved a major breakthrough into the US market with a deal that could be worth more than US$2 billion. It has signed with Pan American WorldFT - 521 words
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Article248 1984-09-15 3 Reuter The US Air Force yesterday defended the U5574,000 price it paid for an aircraft ladder and the cost of other items on which a public interest group says it was overcharged. Major-General Dewey Lowe, Commander of the Air Logistics Centre, said in Washingston that theReuter - 248 words
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Article96 1984-09-15 3 Reuter OIL OUTPUT in Saudi Arabia and Iran, the two largest producers in the Middle East, has fallen significantly in recent weeks, removing downward pressure on prices. Oil industry sources in the Gulf said yesterday that Saudi oil output had fallen below four million barrels perReuter - 96 words
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Article763 1984-09-15 3 ARRIVALS Operator Service Local From number time PAA PA5 0020 JFK/SFO/HKG CAL CI331 0150 TPE MAS MH68I 0820 KUL KAt KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH601 0905 KUL sv SV386 0910 JED/RUH MAS MH671 0935 KUL MAS MH8I1 0940 PEN RBA BJ421 1000 BWN SIA763 words
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235 1984-09-15 3 Reuter THE United states will reconsider its decision to withdraw from Unesco only if the United Nations agency makes major reforms by the end of this year, a senior Reagan administration official told Congress. Assistant Secretary of State Gregory Newell also ruled out aReuter - 235 words
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Article132 1984-09-15 3 AFP THIS month's scheduled meeting between President Reagan and Soviet Foreign Minister Andrei Gromyko is unlikely to mark a turning point in relations between the United States and the Soviet Union. Mr Richard Burt, Assistant Secretary of State for European Affairs, said that the message PresidentAFP - 132 words
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Article, Illustration82 1984-09-15 3 The High Speed Surface Transport system (HSST) began its demonstration run on Thursday at the site of International Exposition, Japan. The 47-seat HSST is 13.8 m long, weighs 12 tons, and has a design speed of 300 kmph. It floats above the track on aUPI photo - 82 words
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Article, Illustration470 1984-09-15 3 Ran la the White House AFP PRESIDENT Ronald Reagan and Walter Mondale continued their battle over economic issues on Thursday in the southern state of Tennessee, with the US president trying to turn the tables on his Democratic opponents by saying they, and notAFP - 470 words
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285 1984-09-15 3 FT THE FIGUEIREDO government has launched a new package of measures designed to bring Brazil's inflation-battered domestic economy in line with International Monetary Fund (IMF) targets. The package follows last month's draft agreement with the IMF on a revised letter of intent. The IMF boardFT - 285 words
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144 1984-09-15 3 UPI GORDON Peter Getty, reputedly the richest man in America, says he prefers to return to obscurity rather than remain famous. Asked if it pleased him to be considered the richest man, he said: "No, certainly not. I'd rather lapse back intoUPI - 144 words
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425 1984-09-15 4 NYT JAPAN'S Ministry of International Trade and Industry (Miti) believes that South Korea is in the process of tightening existing regulations so as to reduce the volume of Japanese imports. Seoul had earlier flatly denied newspaper reports in both countries that newNYT - 425 words
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84 1984-09-15 4 Reuter THE JAPANESE dockers' union has said it would refuse to unload shipments of plutonium. A spokesman for the 24,000strong All-Japan Harbour Workers Union said it had informed the country's Science and Technology Agency of the decision, made at its annual convention atReuter - 84 words
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Article, Illustration118 1984-09-15 4 Reuter JAKARTA'S Tanjung Priok Port Is functioning normally again, in spite of riots in nearby streets on Thursday. Clashes between troops and the rioters left at least nine people dead and 53 others injured. Port officials said yesterday that the violence In the streets didReuter; UPI photo - 118 words
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281 1984-09-15 4 Reuter INDIAN troops along the frontier between Punjab and Pakistan were put on alert yesterday in a bid to catch Sikh extremist killers. The All India Radio said border posts, as well as security forces in Punjab's neighbouring Haryana state, were placedReuter - 281 words
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186 1984-09-15 4 AP THAILAND'S politically embattled Prime Minister Prem Tinsulanonda announced on Thursday that he was going to the US for a medical check-up but would be back in a short time to resume his duties. That assurance of a quick return was apparentlyAP - 186 words
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431 1984-09-15 4 AFP VIETNAM has not yet decided whether to challenge the credentials of the Democratic Kampuchean delegation during the next General Assembly session which opens next Tuesday, a senior Vietnamese diplomat said in New York on Thursday. The anti-Vietnamese coalition led by Prince Norodom SihanoukAFP - 431 words
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126 1984-09-15 4 AFP THE UNITED Nations Commission on Human Rights has abandoned its study of Malaysia, satisfied with the situation there, Deputy Premier and Home Minister Musa Hi lam said on Thursday. It did so after a meeting in March where it scrutinised all available information andAFP - 126 words
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Page 3 Advertisements
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Advertisement11 1984-09-15 3 f*V\ /w Pan Am.Daily 747SPToUSA. It Flies Smoother, Faster And Quieter.11 words
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Advertisement60 1984-09-15 3 NATURAL CRYSTALLINE FLAKE GRAPHITE FROM INDIA We represent the largest producer in India of Natural Crystalline Flake Graphite 85% and 88% Carbon. Quality and shipment by container guaranteed. Payment 95% against L/C and 5% on approval. Prices most attractive. For your import requirements kindly contact. Monarch International 112 Sundar Nagar60 words
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RAW MATERIALS
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Article182 1984-09-15 4 SINGAPORE The market closed lower yesterday with October One RSS buyers quoted at 197.25 cents per kg, down one cent from Thursday's close. MALAYSIA The market closed closed slightly lower yesterday at 219.00 cents per kg for October Int Ones RSS buyers, down half a cent from Thursday. The182 words
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Article330 1984-09-15 4 RAS prices (in S cents/kilo, FOB in bales) NOON CLOSE Buyers Sellers Buyers Sellers tnt 1 RSS prompt 193 25 194 25 194 25 P 195 25N Int 1 RSS Oct 196.25 196 75 197 25 197 75 Int 1 RSS Nov 196 50 197.00 197 50330 words
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Article106 1984-09-15 4 (in cents/1 ton pollets) October November (current mth) (forward mth) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 ***** 195 00N 195 00 197 OON SSR 50 191 00 I93 00N 193 00 195 OON MRELB Buyers Sellers Buyers Sellers SMR CV 224 50 226 50N106 words
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Article97 1984-09-15 4 THE Straits tin price in Penang yesterday stayed at the IT A floor level of M 529.16 per kg. It has been at this level since July 31. The buffer stock manager took the bulk of the 141 tonnes on offer, down from IN on Thursday. Local Interests97 words
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Article141 1984-09-15 4 Yarn (In HK$ per bale of 400 lb) China carded yarn, cones Blue Phoenix 16's 3,300 Blue Phoenix 20's 3,500 Blue Phoenix 32's 3,850 Blue Phoenix 40's 4,250 Carded yarn, hank Blue Phoenix 21'» 3,550 Combed yarn, cones Blue Phoenix 32's 5,000 Blue Phoenix 40's 5,300 Open-end yarn Blue141 words
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Article171 1984-09-15 4 MALAYSIAN palm oil prices recovered from the day's lows at yesterday's close on short-covering and speculative buying interest, after opening weaker in sympathy with a limit down Chicago soybean complex close. September deliveries in the central fell M 57.50 to $967.50 per tonne while south and central eased171 words
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Article137 1984-09-15 4 WHEAT futures closed 3'/ s to four cents a bushel lower on Thursday on the Chicago Board of Trade. December traded in a narrow l'/i cent range. Corn futures closed one cent a bushel lower in spot September to off 5 cents in July. December ended near the middle137 words
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Article139 1984-09-15 4 SOYBEAN futures closed down the 30 cent a bushel limit in most contracts on Thursday on the Chicago Board of Trade, with spot September ending off 29'« cents a bushel. November finished at the bottom of a 9 3 cent range. Soyoil futures closed 1.19 cent a lb lower139 words
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Article156 1984-09-15 4 Chinese Produce Exchange (Seller*' noon closing price* on Sop 14. S$/100 kg) Coconut oil Bulk FOB 195 00 Ok) drum FOB 208 00 New drum FOB 212 00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW B A W FOB NSW Gombier FOB NSW 502 50 363 00156 words
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Article291 1984-09-15 4 Singapore A-1 special C-l special C-1 Ordinary 230 unq unq (S$/kilo, •«-9©down) Thoi white Loonzam 100% 100% 1st class first grade S3 (kangaroo) new crop 1 05 100% second grade 100% third grade 255 unq 100% 2nd class 077 Parboiled 100% 3rd closs 0 75 5% 10% 260 25%291 words
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Article865 1984-09-15 4 COFFEE Robusta futures ended a subdued morning session yesterday with gains from the previous close of £23 to £6, with November up £18 at £2,475. Prices rose from the opening on mixed trade and commission house followthrough buying and short-covering from Thursday's technical and chart based reaction to865 words
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BANKING AND FINANCE
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Article, Illustration736 1984-09-15 5 SINGAPORE: The US dollar recovered against most major currencies in moderately active late trading yesterday to close narrowly mixed compared with New York's levels. The dollar fell yesterday morning on the unexpected US$2.l billion fall in US M-l money supply. It closed at 3.0250/60 marks, little changed compared736 words
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Article253 1984-09-15 5 Interbank rates at 3pm Cur foci— Nominal ret M Sr fithsoniM quoted jfttftfdiy 6 roee parity change Local dollars to one unit of foreign currency: US dollar 2.1630 2 1640 2 8196 -2329 Sterling pound 2.7541 ***** 7 3469 -6251 Australian dollar 1 7996 1 8026 3 4286253 words
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Article49 1984-09-15 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from Sep 17 to Sep 21: Offered: $140,000,000. Applied for: $143,500,000. Allotted: $140,000,000. Accepted bids: $99.25 approximately 97 per cent; higher bids in full. Average rate of discount ra allotment: 3.010 per cent per annum.49 words
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Article125 1984-09-15 5 THE OVERNIGHT rate eased by 3/16-point to close at 85/16 per cent on the Singapore interbank market yesterday. Term rates for the two and threemonth maturities rose by 1/16-point each, while the one-month rate remained at Thursday's closing level. S$ interbank rates at 3pm yesterday Offer Bid Overnight125 words
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556 1984-09-15 5 NYT INTEREST rates in the US fell sharply on Thursday, with most of the decline coming late in the day after the Federal Reserve announced a suprisingly large drop in basic money supply. Since the middle of last week, whenNYT - 556 words
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Article279 1984-09-15 5 ASIAN dollar deposit rates closed steady yesterday at lower opening levels in quiet afternoon trading. Short-dates opened down 1/16 to 1/8 point on a softer US Fed funds rate and remained unchanged, with weekend closing at 11 1 1 11 and week fixed at 11 s ll'/i.279 words
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Article327 1984-09-15 5 BA Futures Bolstered by the unexpected larger drop in money supply in the US on Thursday night and lower interbank rates, Ear*d«lUr futures opened sharply higher at Simex yesterday. The December contract opened at 88.25, as compared with Thursday's close of 88.03 and CME's close of 88.13. It tradedBA Futures - 327 words
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Article203 1984-09-15 5 HONGKONG The metal closed with pared gains yesterday as the US dollar recovered in late trading here. The bullion price ended at U*****.30/80 an ounce against an early high of $342.50/343.00 and compared with New York's $338.25/75 close. On the local market, gold finished HK$24 above on Thursday's close203 words
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448 1984-09-15 5 NYT PRESIDENT Raul Alfonsin of Argentina said that Latin America's debt crisis is far from over. He warned that debt defaults in the region had been avoided only by impoverishing its inhabitants. He asked: "How much longer will we test the patienceNYT - 448 words
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149 1984-09-15 5 Reuter THE US Treasury will not join any special summit of debtor and creditor countries, but is willing to continue dialogue on economic issues in established international committees. Western diplomats said on Wednesday that support was growing for an unprecedented meetingReuter - 149 words
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Article313 1984-09-15 5 FT THE Philippines has submitted a draft letter of intent to the International Monetary Fund in Washington that could prove the key to resolving its U5525.6 billion foreign debt problems. IMF managing director Jacques de Larosiere is now studying the letter and is expected toFT - 313 words
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177 1984-09-15 5 Reuter SENIOR bankers from 87 countries began two days of talks yesterday on ways of tightening international supervision and limiting the repercussions of risky or fraudulent banking activities. As a first step, they proposed to improve the exchange of information on national supervisory practices, asReuter - 177 words
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Page 5 Advertisements
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Advertisement197 1984-09-15 5 NOTICE IN THE MATTER OF THE COMPANIES ACT, CAP 186 AND FIRST ASIA CREDIT PTE LTD (la Members' ValuUry I IqiMatUs) NOTICE IS HEREBY GIVEN in pursuance of Section 272(1) of the Companies Act, Cap. 185 that a final general meeting of the abovenamed company will be held at the197 words
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Advertisement328 1984-09-15 5 The Other Digest The one that means business We don't blame you if you sometimes mistake us for the other magazine, the one that's been around a bit longer. After all. we both try to do the same thing: bring you reading matter in the most convenient and readable form328 words
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FEATURES
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Article448 1984-09-15 6 THE FRENCH manufacturer of the Exocet anti-ship missile, Aerospatiale, has been taking some intriguing steps to counter poor press publicity it has been receiving recently. The Argentinians deployed the Exocet with fearsome effect against the British in the Falklands War. Yet, in the Middle East, tankers448 words
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Article, Illustration917 1984-09-15 6 JOHN ELLIOTT - By JOHN ELLIOTT FT MRS INDIRA Gandhi. India's Prime Minister, whose family has ruled the country for most of the past 37 years, is preparing the ground for the general election she is due to hold by mid- January. And she is becoming fearful of losing outrightFT - 917 words
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Article301 1984-09-15 6 STRAWS in the Wind A FAMOUS novelist once said that life is nothing but a series of long goodbyes. Though pessimistic, this may not be much of an exaggeration if a press statement sent to us earlier this week is anything to go by. The301 words
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Article1140 1984-09-15 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL 1 Location Monte Ruby 21B 15.9 84 2000 MOSK FSB 0700-0800 U4 Meonio 436E ***** 2000 Sime Darby FSB 0700-0800 P4 Asio Winds 406 15.9 84 2300 Or Seawmds TA 3 0900-1100 B71,140 words
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Page 6 Miscellaneous
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Miscellaneous1050 1984-09-15 6 TO GMDUD I] HIGHLIGHTS Fighter Pilot 8.03 pm, Channel 12 Officers And Gentlemen All pilots must be commissioned officers and for the first 18 months, the six cadets must prove they are officer material. They learn about weapons, marching and discipline and social graces. They are assessed for leadership qualities1,050 words
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TIME-OFF
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Article, Illustration747 1984-09-15 7 JEFFREY TSANG - By JEFFREY TSANG TOYO KOGYO's Mazda RX-7 was an important breakthrough for the company in at least two areas: it was the pioneer product aimed at the American student market as well as the manufacturer's second attempt at making cars with the Wankel engine. The747 words
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Article, Illustration517 1984-09-15 7 PENG AILIAN - By PENG AILIAN THE BOX CAMERA was a great invention. But how did people record their lives before the camera came on the scene? They relied on themselves, drawing and painting the highlights of their careers, their travels and their families.517 words
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SPORTS
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Article, Illustration567 1984-09-15 7 Reuter LESTER PIGGOTT, rising 49 but with an undiminished appetite for riding winners, has an excellent chance of beating Frank Buckle's record of 27 English classic wins when he takes part in the St Leger in Doncaster later tonight. Piggott, whoReuter - 567 words
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508 1984-09-15 7 BRIAN MILLER - By BRIAN MILLER IT WILL take a mighty fast horse to beat the topweight Duet Solemn in the opening race at Ipoh this afternoon and I would make this Vincent Chongtrained gelding my best bet in the nine-race card. Duet Solemn is508 words
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407 1984-09-15 7 WALTON MORAIS - By WALTON MORAIS AS TRITE as it may sound, fitness could well be the deciding factor in the Old Parr international matchplay golf competition at the Tasek Utara golf course in Johor Barn beginning today. This is especially so as the two407 words
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Page 7 Miscellaneous
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Miscellaneous761 1984-09-15 7 j m an CRYPTIC PUZZLE ACROSS 9 Be against including it, or the converse (8) 10 Stand, making not a sound! (3) 11 It is, dad, the top of the larch tree (6) 12 A secret bay, right? (6) 13 Say about half your height (7) 14 The pain is761 words
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Miscellaneous475 1984-09-15 7 CONCERTS Tonight, lost appearance of SSO's guest conductor Ron Goodwin who is regarded as an extremely versatile and complete musician He broadcasts, records, composes film scores and appears on the concert platform. The guest soloist is Koh Joo Ann. Victoria Concert Hall, 8 15 pm. Tickets: $5, $7, 10 and475 words
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INTERNATIONAL STOCKS
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357 1984-09-15 8 Reuter PRE-TAX profits of Reuters, a world news organisation, have increased by 14 per cent to £30.1 million in the first half of this year. Managing director Glen Renfrew said profits after tax were 17 per cent higher than in theReuter - 357 words
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122 1984-09-15 8 Reuter COUNTY Bank, a subsidiary of National Westminster Bank PLC, will buy a Hongkong stockbroking company, Watson and Co, on Oct 1. In a statement received in Tokyo, David Lough, County Bank director in charge of Far East business, said: "Our London-based securities dealingsReuter - 122 words
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296 1984-09-15 8 UPI THE stock market exploded for its biggest gain in a month on Thursday in an afternoon buying panic that helped snap Wall Street out of a three-week slump. Brokers said institutional buying programmes emerged after the bond market staged a strong rallyUPI - 296 words
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Article120 1984-09-15 8 «rr is c$ 42* 1 32 15* 36* 1* 32* 21 far* Un 23* B iWl? 1 "V 24* Irrti h4cke4 Bank Novo Scotia 12* 32* W Kerr Add 16 lotto- B 16* BP Can Ltd 28* -w Mau*y Ferg 4 32* Mc Btodei 24* cr>ch 26*4 16* Con120 words
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Article214 1984-09-15 8 SEPT 13 Trust Bk 210 100 unch A AJpho Abarcom AE And a INOUSTVIALS 785 135 10 unch -5 -5 2340 Utauc WooJwoflh 495 1425 MININGS 2105 inch 25 -105 ***** ir>ch 2600 1650 -50 1065 -15 BuH«h 7100 300 1810 Chart «c 490 5 CNA 205 Cora Gold214 words
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Article730 1984-09-15 8 sin 13 US$ ACF Mu>tnn Aicon Ak*r*n Alcoa Lud Aftad Own Cp Aftad Storas AhOukrwn Am Brands Inc Am Broodcost Am Can Co Am Cyanarrnd AmEtocPw Am Express Am Hon* Prod Am Motors Cp Am Notival Gos Am Td 1 Til Amax Inc Amaroda Mass AMF he Amr730 words
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Article970 1984-09-15 8 Amsterdam strr is Fk ABN ***** 1 8 Aegon ***** 1 5 Ahold 196 00 Akzo 92 70 06 AAtfV 166 50 28 Amtcn Amrot>»* 57 30 08 Bartt 39 00 -0 5 Bote 9450 25 Borvimq 237 00 05 Botka 1800 2 2 Burtet 66 00 1970 words
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Page 8 Advertisements
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Advertisement215 1984-09-15 8 43M E* SIR PW n PB^FiPl? K jfip .The Summer falace. pnxidK pw*fts a speoal lunmecn menu V*Je can think of sixteen reasons why upu should trv our unique new menu... Braised fish maw soup with crab meat, braised fungus soup with assorted meat, bra ised bean curd with vegetable>,215 words
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Advertisement77 1984-09-15 8 i Spectacular Double Bill Cedric Debbie 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. 25% discount on all drinks. Offers are valid during ffijf 4.00 7.00pm only. +KL* HOTEL ASIA Your (rtand In SlngapoA HOTEL77 words
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Advertisement156 1984-09-15 8 The President Lounge presents THesweet sounJs^t/ielSli^Uw^ A* m TV Nightingales, a captivating all-girl band Irom Taiwan »iM ung your favourite numbers *hile you unwind afwr a hard da>\ work with a favourite drink Relax with The Nightingales and The New Sensations our Ihrobbing rrxdeni hand Hours: Dwlv President's I Ipm156 words
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Advertisement123 1984-09-15 8 2ft MEMBERSHIP FEE Single $15.00 per month Couple $25.00 per month Family $30.00 per month Group/Company Negotiable ENTITLEMENTS: Exclusive use of the Swimming Pool on 3rd Floor of the Hotel from 8:00 a.m. to 9:00 p.m. 10% Discount on all meals in Cafe De Grand. 10% Discount on all drinks123 words
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Advertisement147 1984-09-15 8 London stocks, Psgs 11 m Feng Cheng Lou for the best Teochew food in town. Discover lV mouth-watering delights prepared by Hong Kong chefs. And fee! like tJr 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 for147 words
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ASIAN STOCKS
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Article364 1984-09-15 9 HONGKONG: Share prices closed sharply higher yesterday on improved sentiment as international interest rates showed a downward trend. The Hang Seng Index closed up 33.66 at 945.44. Total turnover amounted to $160.16 million. HK Land rose 15 cents to HK$2.9O after the company announced first half profits of $175364 words
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Article237 1984-09-15 9 strr u Al Sneer* Indus Asm Cement Cathay Cons Chang Hwo Bonk KT 6 70 25 50 28 20 60 00 23 30 -0 15 •0.1 -1 0 1 Chem Indus Lien Hwo Indus Non Yo Plos Pocihc Cons Pacific Elect Wire Pootung Paper 20 20 1330 3120 27237 words
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Article469 1984-09-15 9 TOKYO: Share prices closed higher yesterday after a day of active buying encouraged by an overnight surge on Wall Street and a yen recovery against the dollar. The market average rose 42.78 to close at 10,621.54 after Thursday's 45.22 gain, with 430 million shares traded against 320 million on469 words
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Article93 1984-09-15 9 Sep U Bonk Seoul Won Hyundai Motor 632 -2 660 unch KAL Korea First 494 720 2 -7 Chobeung Bk 620 8 Korea Oil 1289 19 Commerciot Bk 665 unch Korea Ship 448 -5 Doehm tnd 577 -23 Lucky Ltd 781 -5 Daewoo Corp 500 -7 Somsung Co 76693 words
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Article425 1984-09-15 9 SYDNEY: Australian share markets yesterday posted their best gains in a month on the back of a sharply higher Wall Street market and higher bullion prices. Near the close, the All Ordinaries Index was 7.3 higher at 726.1, the All Industrials Index was up 6.6 at 1033.2 and the425 words
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Article146 1984-09-15 9 BANGKOK: Stock prices closed higher yesterday in active trading. The Book Club Index rose 0.62 point to 118.68. Turnover rose to 842,807 shares from 236,150. Siam Citizens, an affiliate of a firm that recently had an oil discovery, followed up with 91,700 shares. strr u Mm Siom City Cement146 words
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Article95 1984-09-15 9 MANILA: Share prices yesterday closed slightly easier in dull trading. The Mining Index fell 9.32 to 933.53 following weaker metal prices in New York and London but the Commercial and Industrial Index and the Oils Index were unchanged at 110.79 and 0.636 respectively. SffT 14 Onantal B PHI Ovwmoi95 words
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Article66 1984-09-15 9 Reuter JOHN Brown PLC has agreed to form a new company, United Offshore Ltd, with Trafalgar House PLC and Matthew Hall PLC to work on the offshore China oil programmes. United Offshore will undertake design and construction contracts for the oil and gas industry.Reuter - 66 words
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553 1984-09-15 9 Appeals to a growing 'buy Indonesian' sentiment FT TEA drinking purists who shudder at the mention of tea bags and turn up their noses at blended teas may find the idea of readymade tea in a bottle unthinkable. Yet in Indonesia, the locallyFT - 553 words
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85 1984-09-15 9 Reuter SAIPEM SPA, a subsidiary of state hydrocarbon company Ente Nazionale Idrocarburi (ENI), has two contracts totalling *US$2O9 •million to drill 50 production wells and lay pipes in Libya's offshore Bouri field. ENI says Hyundai Engineering and Construction Co of South Korea willReuter - 85 words
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162 1984-09-15 9 Reuter WORMALD International says it looks to a return to growth following improvements in asset management and rationalisation combined with an economic recovery in Britain. The group reported a dip in 1983/84 net profit to A 521.07 million from $22.11 million aReuter - 162 words
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Page 9 Advertisements
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Advertisement127 1984-09-15 9 iKT« to Wide, d A Night to Remember...atMW\\W% RAP Walk down memory lane on Sunday as renowned disc jocky Tan Swee Leong spins nostalgic hit songs of the 50s and 60s and brings you exciting games from 9 pm to 11 pm. Catch yourself on air as "A NIGHT TO127 words
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Advertisement133 1984-09-15 9 *I'. -'J] f. The authentic taste of Japan A Japanese manager Japanese Chefs A sushi counter, four teppanyaki griddles, a spacious a la carte restaurant and several tatami rooms Open for lunch and dinner Set Lunch from Sl7 subject to 10% service charge and 3% CESS A Century Park Sheraton133 words
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Advertisement138 1984-09-15 9 J Y(v/u//s f yi PH m Levels. Peninsula Hotel t Si m ■-> New plush interiors which conjure up an entirely different atmosphere. Plus our warm hospitality and a menu of local and continental favourites that aims to please you... 24 hours a day Daily Set Lunch (Local* Western) Each138 words
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Advertisement39 1984-09-15 9 Dine in the grand tradition of emperors (JTTjPIp Where sumptuous meals are prepared i|¥| f by masters in Beijing cuisine. And served JMNE COURT vvith traditional oriental hospitality. QD ft/tyr/*" l» it fiKjren For information reservations tel 7i*****»*vt 72139 words
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Advertisement115 1984-09-15 9 W it' 51 ''COFFEE GARDEN, we serve son poasA the clock J. 0 V. 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 claypot115 words
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SHARE INFORMATION
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Article, Illustration4226 1984-09-15 10 MARKET watchers were sorely disappointed yesterday by the poor performance of local share prices in the face of the sharp rebound on the overnight New York market. The generally poorer investor sentiment of the past few days turned a mild mid-morning rally4,226 words
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Article265 1984-09-15 10 SINGAPORE Rises Indices Kontvcky Spor* 470 Sporo Foddo» 209 M CoM« 470 Duff Do» 446 DBS 790 ICI 605 Sooi<or 530 Strofts Trading 520 U 0 462 Hot Iron 416 Falls KiBufcoM S0« 360 D Koroa»ot 950 Son Lio> Fmki 304 ICS 600 H L*o>« F« 348265 words
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Article504 1984-09-15 10 SHARE prices at the Kuala Lumpur stock market closed on an easier note yesterday in spite of a sterling performance on Wall Street overnight. Trading was subdued as investors again preferred to watch from the sidelines and generally ignored the 27.94-point jump on the Dow504 words
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Article3521 1984-09-15 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 lots of 1,000 units unless otherwise specified. All Time SetUement Contracts are quoted after the word "SETT"3,521 words
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Page 10 Advertisements
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Advertisement8 1984-09-15 10 Mmn don® on tho KLSE SM page 118 words
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COMPANY NEWS
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Article, Illustration233 1984-09-15 11 HOCK LOCK SIEW - mm By HOCK LOCK SIEW EVER since the share price of United Overseas Land peaked at $3.20 in late April 1983, the counter has been in a general decline, in line with aL the other property-based stocks. All the subsequent attempts at rallying onto higher ground were foiled233 words
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Article945 1984-09-15 11 THE market closed mixed yesterday after a moderately active session and at 3pm, the FT 30 Share Index was one point up at 859.8 while the FT 100 Share Index at 3.30pm was up 6.1 points at 1111.4. Yesterday's closing middle prices of selected stocks, excluding stamp duty,945 words
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291 1984-09-15 11 MALAYA Tin Printing Ltd is paying a lower cash consideration of $1-2 million for its 50 per cent stake in a computer company, Cad-Cam Systems Pte Ltd. The downward revision from the $1.65 million initially agreed upon was made after considering a291 words
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Article533 1984-09-15 11 CHAN OI CHEE - By CHAN OI CHEE THE BENEFITS of economies of scale have become apparent at Singapore News Publications Ltd, the holding company created in October 1982 for Nanyang Siang Pau, Sin Chew Jit Poh and the Singapore Monitor. During the six months to June 30, 1984, SNPL,533 words
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LATEST
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Article33 1984-09-15 11 Group pre-tax profits of $900,000 on turnover of $6.15 million in the firsthalf of 1984. EPS 0.9 cent. No comparative figures. Gross dividend of 1.5 cents per share for 1984.33 words
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Article37 1984-09-15 11 Group net loss of $165,000 in the half year to July 1984 (loss of $467,000 in the seven months to July 1983). Loss per share fell to two cents from five cents. No dividend.37 words
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Article44 1984-09-15 11 Group pre-tax profits of M 525.46 million in the 15 months to March 31, 1984 ($2.12 million in 1982). A first and final dividend of 2 per cent tax exempt plus 3 per cent less tax is payable on Nov 29.44 words
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259 1984-09-15 11 HONGKONG Land Co Ltd has, staged a significant turnaround in the first half of 1984. The British colony's largest property developer with interests in food and hotels, yesterday announced consolidated net profits of HK$l75 million against a net loss of $10 million in the previous259 words
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Article112 1984-09-15 11 HONGKONG Australian Industrials Friday 1033.2 Hong Seng Index Thursday 1026 6 Week ago 1028 3 Friday 945 44 Thursday 911.78 Week ogo 940 44 NEW YORK Dow Jones TOKYO Thursday 1228 25 Wednesday 1200 31 Tokyo Dow Jones Week ago 1218 86 Friday *****54 Standard and Poors Thursday112 words
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Article2306 1984-09-15 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 Ajinomoto (3.905) Alcom (I 925) (I) I 93 (7)2,306 words
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Article248 1984-09-15 11 Managers' prices Second B'putro Third B'putro 5 10 5 15 4 22 4 27 for Sep 15 A 17 Fourth B'putro 4 75 4 80 Fifth B'putro 3 18 3 23 Singapore Unit Trust SiKth B'putro 306 3 11 The Commerce 2 92 3 10 Seventh B'putro (A)248 words
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Article194 1984-09-15 11 BERJAYA Kawat Berhad: 15th AGM on Sep 17 at 10am at Jalan Utas, Shah A lam Industrial Estate, Shah Alam, Selangor. PERUSAHAAN Pelangl Berhad: 11th AGM on Sep 17 at noon in Bilik Sri Ledang, Mazzanine Floor, Holiday Inn, Jalan Dato' Sulaiman, Johore Baharu. SIM Llm Investments Limited:194 words
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Article80 1984-09-15 11 SAN HOLDINGS Bhd, which is still suspended on the stock exchanges, has reduced group pre-tax losses for the six months to March 31, 1984 Unaudited group pre-tax losses fell to M 5336.773 from $622,191 previously. This was achieved on a higher group turnover of $1.57 million80 words
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Page 11 Advertisements
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Advertisement55 1984-09-15 11 NOTICE This is to inform the Shipping Community/Ship-owners/Agents/ Managers that all HINSIB TECHNICAL certificates issued by Mister Jokanan Guillen Nunez prior to the date of this advertisement, should be submitted for verification and authentication by our regional headquarters in Singapore, at SHAW TOWERS #17-12/13 100, BEACH ROAD SINGAPORE 0718 T«l:55 words
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Advertisement359 1984-09-15 11 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 185 Pursuant to Section 254<2)(b) AND IN THE MATTER OF C.D. ADVERTISING SINGAPORE PRIVATE LIMITED At an Extraordinary General Meeting of the above name<? Company duly convened and held at 53 Rawson Road. Seaforth Liverpool L2ll BT United Kingdom, on Monday359 words
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Article, Illustration441 1984-09-15 12 AMY BALAN - By AMY BALAN WALL STREET, the citadel of capitalism, is all poised for the re-election of President Reagan. In fact, the market would be surprised if the incumbent fails to get re-elected, said Mr Kennneth Rolland, executive vicepresident of Chemical Bank. Mr Rolland, who is441 words
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122 1984-09-15 12 Reuter, AFP THE CHINESE government will acquire a 50 per cent stake in Cathay Pacific Airways by way of a capital injection after 1997, a Hongkong radio station reported yesterday. The commercial radio said that following the capital injection, Cathay PacificReuter,; AFP - 122 words
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311 1984-09-15 12 AMERICAN EXPRESS has introduced Travel Management Services (TMS) for companies in Singapore, making them the first in the Asia-Pacific region to enjoy this feature. Corporate cardholders can now have additional travelrelated facilities such as ticketing, transport, visas and cash advances. This will give about311 words
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Article, Illustration514 1984-09-15 12 BRIAN MILLER - By BRIAN MILLER DON'T BELIEVE anyone who tells you that horses are dumb animals! Anyway, I used to be one of those "ignorants" who swore blind that good riders made good animals. Well, it certainly didn't take much to change my mind! Take yesterday, when Royal514 words
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245 1984-09-15 12 LOCAL DEVELOPERS are turning to the Japanese to invest in the property market here. President of the Real Estate Developers' Association (Redas), Mr Kwee Liong Keng, told members of the visiting Japan Building Owners and Managers Association that they could explore business245 words
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Article178 1984-09-15 12 Bernama DATUK SERI Dr Mahathir Mohamad said yesterday that he has heard of an Islamic Party of Malaysia (PAS) move in setting up an assassination squad and that Umno leaders are on the hit list. He said he did not have proof of theBernama - 178 words
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323 1984-09-15 12 THE US dollar put up a sparkling performance in the foreign exchange markets yesterday. soaring to 2.1645 against the Singapore currency and closing at the day's high against major currencies. In the Singapore forex market, the greenback opened easier at323 words
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Article, Illustration303 1984-09-15 12 THREE Members of Parliament and two lecturers have been invited to sit on Asiaweek Council, a sounding-board of opinions affecting Asia set up by a Hong-kong based regional weekly magazine. Dr Toh Chin Chye, Mr Lim Chee Onn, Dr Lau Teik303 words
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Article61 1984-09-15 12 FAVOURABLE economic and monetary figures catapulted the stock market sharply higher in early trading yesterday. The Dow Jones Industrial Average, which rose 27.94 points on Thursday, was up another nine points to just under 1238. Overall, gainers held a four to one lead over losers. Volume was61 words
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LATE FILE
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Article39 1984-09-15 12 AFP SOUTH Korea has accepted North Korea's offer of relief goods for recent flood victims in an unprecedented move aimed at opening the way to improve hostile relations between the divided halves of the country.AFP - 39 words
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Article58 1984-09-15 12 Reuter UP to 40 per cent of workers in some factories in the high-technology silicon valley take banned drugs at work. Mr Joe McNamara, the police chief of San Jose said five per cent of the area's workers were involved in selling drugs. He alsoReuter - 58 words
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Article65 1984-09-15 12 NYT THE White House has postponed the release of a report charging the Soviet Union with numerous violations of arms control treaties at least until after Secretary of State George Shultz meets with Foreign Minister Andrei Gromyko of the Soviet Union on Sep 26 in New York,NYT - 65 words
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49 1984-09-15 12 UPI THE CIA told senators that Indian Prime Minister Indira Gandhi was being urged by her military advisers to launch an attack against a nuclear enrichment plant in neighbouring Pakistan amidst fears that the plant could be used to produce nuclear weapons. UPIUPI - 49 words
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Article50 1984-09-15 12 Reuter VIETNAM is prepared to hand over to the US all prisoners held at re-educa-tion camps but it was a question of "all or nothing". Hanoi would not agree to release just a selected few. There are about 10,000 prisoners now in re-educa-tion camps. ReuterReuter - 50 words
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Page 12 Advertisements
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Advertisement19 1984-09-15 12 Call Britannia for free invitation investment seminar The Chartered Bank Building, 6 Battery Road, #14-08, Singapore 0104. Telephone: *****86.19 words
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Advertisement449 1984-09-15 12 K TIMES CONFERENCES Presents A TOP-LEVEL CONFERENCE ON SINGAPORE COMPANY LAW THE DIRECTORS WITH PARTICULAR REFERENCE TO THE COMPANIES (AMENDMENT) ACT 1984 4 5 OCTOBER. 1984 SINGAPORE OPENING KEYNOTE ADDRESS Mr Tan Boon Teik. Attorney-General. Singapore CONFERENCE CHAIRMAN Associate Professor Philip Pillai. Faculty of Law National University of Singapore DIRECTORS'449 words
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Page 12 Miscellaneous
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Miscellaneous48 1984-09-15 12 wmm Outlook for today. Fair. Report tor 24 hours prior to 7 30pm on Sep 14 at the airporr Maximum temperature 31.3 Associated humidity 62 Minimum temperature 23.2 Associated humidity 96 Hours of sunshine 6.75 Rainfall in millimetres 1.1 Rainfall this month 74.7 Rainy days this month 748 words
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