The Business Times, 15 September 1984

Total Pages: 12
1 12 The Business Times
  • 11 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, SEPTEMBER 15,1»4 60 CENTS
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  • 289 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
  • 558 1  -  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 study
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  • 480 1  -  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 at
    480 words
  • 123 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 signed
    Reuter  -  123 words
  • 167 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 to
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  • Article, Illustration
    88 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 by
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  • 438 1  -  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 out
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  • 432 1  -  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 the
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  • 126 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 the
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  • Page 1 Advertisements
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    • 277 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. Page
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    • 18 1 Full report, Pag* 10 International stocks, 8 Asian stocks, Paga 9 Move to boost tourism industry, Page 2
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    • 143 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 special
      143 words

  • HOME NEWS
    • 442 2  -  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 and
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    • 248 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 executives
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    • 398 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 open
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    • 201 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 and
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    • 108 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 could
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    • 196 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 12
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    • 94 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 and
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    • 390 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 next
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    • 318 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 being
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  • Page 2 Advertisements
    • 176 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 is
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    • 32 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 Distributors
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    • 42 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.
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  • OVERSEAS
    • 490 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 floor
      Reuter  -  490 words
    • 260 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 components
      UPI  -  260 words
    • 239 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 France
      AFP  -  239 words
    • 521 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 World
      FT  -  521 words
    • 248 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 the
      Reuter  -  248 words
    • 96 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 per
      Reuter  -  96 words
    • 763 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 SIA
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    • 235 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 a
      Reuter  -  235 words
    • 132 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 President
      AFP  -  132 words
    • 82 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 a
      UPI photo  -  82 words
    • 470 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 not
      AFP  -  470 words
    • 285 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 board
      FT  -  285 words
    • 144 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 into
      UPI  -  144 words
    • 425 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 new
      NYT  -  425 words
    • 84 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 at
      Reuter  -  84 words
    • 118 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 did
      Reuter; UPI photo  -  118 words
    • 281 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 placed
      Reuter  -  281 words
    • 186 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 apparently
      AP  -  186 words
    • 431 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 Sihanouk
      AFP  -  431 words
    • 126 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 and
      AFP  -  126 words
  • Page 3 Advertisements
    • 11 3 f*V\ /w Pan Am.Daily 747SPToUSA. It Flies Smoother, Faster And Quieter.
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    • 60 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 Nagar
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  • RAW MATERIALS
    • 182 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. The
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    • 330 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 50
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    • 106 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 50N
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    • 97 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 Interests
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    • 141 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 Blue
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    • 171 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 $967.50 per tonne while south and central eased
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    • 137 4 WHEAT futures closed 3'/ s to four cents a bushel lower on Thursday on the Chicago Board of Trade. December traded in a narrow l'/i cent range. Corn futures closed one cent a bushel lower in spot September to off 5 cents in July. December ended near the middle
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    • 139 4 SOYBEAN futures closed down the 30 cent a bushel limit in most contracts on Thursday on the Chicago Board of Trade, with spot September ending off 29'« cents a bushel. November finished at the bottom of a 9 3 cent range. Soyoil futures closed 1.19 cent a lb lower
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    • 156 4 Chinese Produce Exchange (Seller*' noon closing price* on Sop 14. S$/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 00
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    • 291 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%
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    • 865 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 to
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  • BANKING AND FINANCE
    • Article, Illustration
      736 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 compared
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    • 253 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 4286
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    • 49 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: $99.25 approximately 97 per cent; higher bids in full. Average rate of discount ra allotment: 3.010 per cent per annum.
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    • 125 5 THE OVERNIGHT rate eased by 3/16-point to close at 85/16 per cent on the Singapore interbank market yesterday. Term rates for the two and threemonth maturities rose by 1/16-point each, while the one-month rate remained at Thursday's closing level. S$ interbank rates at 3pm yesterday Offer Bid Overnight
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    • 556 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, when
      NYT  -  556 words
    • 279 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.
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    • 327 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 traded
      BA Futures  -  327 words
    • 203 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 close
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    • 448 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 patience
      NYT  -  448 words
    • 149 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 meeting
      Reuter  -  149 words
    • 313 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 to
      FT  -  313 words
    • 177 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, as
      Reuter  -  177 words
  • Page 5 Advertisements
    • 197 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 the
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    • 328 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 form
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  • FEATURES
    • 448 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, tankers
      448 words
    • 917 6  -  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 outright
      FT  -  917 words
    • 301 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. The
      301 words
    • 1140 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 B7
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  • Page 6 Miscellaneous
    • 1050 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 qualities
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  • TIME-OFF
    • 747 7  -  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. The
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    • 517 7  -  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.
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  • SPORTS
    • 567 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, who
      Reuter  -  567 words
    • 508 7  -  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 is
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    • 407 7  -  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 two
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  • Page 7 Miscellaneous
    • 761 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 is
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    • 475 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, $7, 10 and
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  • INTERNATIONAL STOCKS
    • 357 8 Reuter PRE-TAX profits of Reuters, a world news organisation, have increased by 14 per cent to £30.1 million in the first half of this year. Managing director Glen Renfrew said profits after tax were 17 per cent higher than in the
      Reuter  -  357 words
    • 122 8 Reuter COUNTY Bank, a subsidiary of National Westminster Bank PLC, will buy a Hongkong stockbroking company, Watson and Co, on Oct 1. In a statement received in Tokyo, David Lough, County Bank director in charge of Far East business, said: "Our London-based securities dealings
      Reuter  -  122 words
    • 296 8 UPI THE stock market exploded for its biggest gain in a month on Thursday in an afternoon buying panic that helped snap Wall Street out of a three-week slump. Brokers said institutional buying programmes emerged after the bond market staged a strong rally
      UPI  -  296 words
    • 120 8 «rr is c$ 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* Con
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    • 214 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 Gold
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    • 730 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 Amr
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    • 970 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 1
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  • Page 8 Advertisements
    • 215 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>,
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    • 77 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 HOTEL
      77 words
    • 156 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 Ipm
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    • 123 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 drinks
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    • 147 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 for
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  • ASIAN STOCKS
    • 364 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 $175
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    • 237 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 27
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    • 469 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 on
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    • 93 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 766
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    • 425 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 the
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    • 146 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 Cement
      146 words
    • 95 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 Ovwmoi
      95 words
    • 66 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
    • 553 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 locally
      FT  -  553 words
    • 85 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 will
      Reuter  -  85 words
    • 162 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 a
      Reuter  -  162 words
  • Page 9 Advertisements
    • 127 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 TO
      127 words
    • 133 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 Sheraton
      133 words
    • 138 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) Each
      138 words
    • 39 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 721
      39 words
    • 115 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 claypot
      115 words

  • SHARE INFORMATION
    • 4226 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 rally
      4,226 words
    • 265 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« 348
      265 words
    • 504 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 Dow
      504 words
    • 3521 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
  • Page 10 Advertisements

  • COMPANY NEWS
    • 233 11  -  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 foiled
      233 words
    • 945 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
    • 291 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 a
      291 words
    • 533 11  -  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
    • LATEST
      • 33 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
      • 37 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
      • 44 11 Group pre-tax profits of M 525.46 million in the 15 months to March 31, 1984 ($2.12 million in 1982). A first and final dividend of 2 per cent tax exempt plus 3 per cent less tax is payable on Nov 29.
        44 words
    • 259 11 HONGKONG Land Co Ltd has, staged a significant turnaround in the first half of 1984. The British colony's largest property developer with interests in food and hotels, yesterday announced consolidated net profits of HK$l75 million against a net loss of $10 million in the previous
      259 words
    • 112 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 Thursday
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    • 2306 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
    • 248 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)
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    • 194 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
    • 80 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 million
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  • Page 11 Advertisements
    • 55 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
    • 359 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 Monday
      359 words

  • 441 12  -  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 is
    441 words
  • 122 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 Pacific
    Reuter,; AFP  -  122 words
  • 311 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 about
    311 words
  • 514 12  -  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 Royal
    514 words
  • 245 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 business
    245 words
  • 178 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 the
    Bernama  -  178 words
  • 323 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 at
    323 words
  • 303 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 Teik
    303 words
  • 61 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 was
    61 words
  • LATE FILE
    • 39 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
    • 58 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 also
      Reuter  -  58 words
    • 65 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
    • 49 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. UPI
      UPI  -  49 words
    • 50 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. Reuter
      Reuter  -  50 words
  • Page 12 Advertisements
    • 19 12 Call Britannia for free invitation investment seminar The Chartered Bank Building, 6 Battery Road, #14-08, Singapore 0104. Telephone: *****86.
      19 words
    • 449 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
  • Page 12 Miscellaneous
    • 48 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 7
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