The Business Times, 12 January 1985

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, JANUARY 12, 1985 60 CENTS
    12 words
  • 506 1  -  Group may consider legal action against those responsible for spreading rumours By ALVIN TAY EMPORIUM HOLDINGS and its related companies have total bank loans amounting to less than $100 million, well below the speculated figure in the market. Managing director Mr Lim Tow Yong said yesterday
    506 words
  • 322 1 SINGAPORE'S foreign reserves the nation's holdings of gold and foreign currencies—continue to show healthy growth, shooting past the $22 billion mark last August. According to latest figures from the Monetary Authority of Singapore, official reserves snowballed to $22.3 billion in August last year,
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  • 114 1 Reuter TAIWAN will reduce tariffs, cut business taxes, remove all tariff surcharges and drop import licensing requirements on 5,400 products as part of a plan to move into the ranks of developed nations by the next decade. Finance Minister Loh JenKong said the measures were aimed
    Reuter  -  114 words
  • 552 1  -  By TSANG SAU YIN Management Correspondent THE GOVERNMENT'S new philosophy of an autonomous hospital management will be tried out at the University Hospital in Kent Ridge. Dr Kwa Soon Bee, permanent secretary (health), and director of medical services, said yesterday that the University Hospital,
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  • 99 1 SOME UNSCRUPULOUS exporters are spoiling the image of Malaysian businessmen abroad by resorting to various underhand tactics to earn a fast buck. The president of the Malaysian Association of Malay Exporters, Raja Rosdin, yesterday said these activities were rampant in Third World countries and usually
    99 words
  • Article, Illustration
    81 1 THE Stagapere stack market closed aa even keel yesterday after baying Interest in the morniag faded away. Same aaalysts have Mamed the booming Hongkong market far taking away the shine frem the laeal hearse. Observers repart that mare faad managers are leaking te Hongkong to Invest. The BT
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  • 320 1  -  By CHUANG PECK MING BARISAN SOSIALIS chairman Dr Lee Siew Choh has apologised to the Prime Minister but another opposition member, Quek Teow Chuan of the Singapore United Front, denied he had defamed Mr Lee Kuan Yew. Writs were taken out in the High
    320 words
  • 240 1 SINGAPORE United Front's central executive council will meet on Monday to decide whether it should accept the non-constituency parliamentary seat offered to its chairman, Mr Tan Chee Kien. Secretary-general Seow Khee Leng said he was working out a list of pros and cons
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  • 430 1 By YAP BOH HOON IN AN EFFORT to tap a growing market, four travel agents have formed a consortium to offer new tour packages to China. This is a significant departure from practice because the four agents designed their own tour packages,
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  • 127 1 Reuter FOREIGN MINISTER Mochtar Kusumaatmadja yesterday gave Indonesian businessmen the official go-ahead to trade directly with China and urged them to take part in the next. Canton Trade Fair. "Traders can use the fair as a fact-finding mission to learn more about the standard requirements
    Reuter  -  127 words
  • Page 1 Advertisements
    • 193 1 MBMCA9OS Sponsor: SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention. Organiser: ©INTERFAMA PTE LTD Tel: 271*312 Chris Johnson Captures Two Straight LPGA Wins 1 And she (fid it with Yamaha Carbon Composite Clubs! American professional golfer Chris Johnson has been going steady with Yamaha golf ciube.
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    • 276 1 SHARE INFORMATION 10 RAW MATERIALS 4 MONEY A EXCHANGES 5 EIGHT MORE companies have been selected by the National Productivity Council to implement the Company Welfarism through Employers' Contributions scheme, which is still a pilot scheme. Page 2 THE TOP US policymaker for East Asia will leave for the Philippines
      276 words
    • 80 1 Full report, Pag* 10 Intarnattonal stocks, Pago 8 Asian stocks, Pago 9 INDOSUEZ PRIVILEGE ACCOUNT FIXED DEPOSITS ARE AS GOOD AS CASH Earn more money on your money! With a INDOSUEZ PRIVILEGE ACCOUNT you not only earn higher interest on your fixed deposits, you enjoy the privilege of an overdraft
      80 words
    • 29 1 MEDIC ASM' V* S E Asia's 4th Int'l Medical. Hospital Dental Equipment Technology Exhibition Conference 18th 21st April 1985 Dynasty/ Hyatt Hotels Singapore Organiser INTERFAMA PTE LTD Tel *****12
      29 words

  • HOME NEWS
    • 390 2  -  Workers have found the scheme beneficial, says Dr Wong By ANNA TEO ANOTHER eight companies have been selected by the National Productivity Council (NPC) to implement the Company Welfarism through Employers' Contributions (Cowec) scheme, which is still a pilot scheme. Dr Wong Kwei
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    • 239 2 SHANGRI-LA Hotel yesterday launched its Company Welfarism through Employers' Contributions (Cowec) scheme, the first in the industry to do so. Eighty-six per cent of Shangri-La's 1,296 employees have joined the scheme, called the Shangri-La Staff Retirement Scheme. As stipulated by the government, the hotel will be
      239 words
    • 346 2  -  By JEFFREY TSANG SMALL software houses cannot amount to much nor are they the route for Singapore to take to become a software centre, said the Minister for Communications Information, Dr Yeo Ning Hong, yesterday. Dr Yeo, who is also the Second Minister (Defence
      346 words
    • 405 2 A VISITING professor from the London School of Economics has come out in favour of Singapore's own accounting standards. In a public lecture at the National University of Singapore yesterday, Prof Susan Dev, a fellow of the Chartered Association of Accountants, considered the
      405 words
    • 184 2 NGEE ANN Polytechnic which produced the creators of Singapore's first microcomputer Cubic 99 will receive two free systems next week. The microcomputers, which cost a total of $2,800, will be used by the polytechnic's staff and students for teaching purposes and projects. The managing director
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    • 188 2 MEMBERS of the Singapore Malay Chamber of Commerce have been slow to respond to a survey designed to help the chamber serve them better. Only 33 members responded when questionnaires were sent to them in early November last year. Another five were
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    • 192 2 FINANCIAL PLANNING, investment and marketing opportunities for the Malay/Muslim community in Singapore will be some of the topics to be discussed at an economic congress in September. Altogether, five working papers, written by prominent Malay businessmen and professionals, will be presented. Kemas, as
      192 words
    • 145 2 MALAY MINI-MARKET owners generally welcome the Singapore Malay Chamber of Commerce's intention to set up a supply centre. They hope to obtain goods at competitive prices through the centre and to be extended a good credit arrangement. But they would have to wait for some
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    • 284 2 DESIGN AND BUILD contracts, or turnkey contracts, can be an advantage to contractors since they shorten construction time and promote technology transfer. As one contractor is in charge of both design and construction of the project, he can therefore plan in advance for more labour
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    • 364 2 THE HOUSING and Development Board recently awarded $31.8 million worth of building contracts for nine blocks of flats, an area office and a commercial complex. In general, the building contracts were very closely contested. On average, prices between the lowest and second lowest bids
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    • 270 2  -  By LEE HAN SHIH ON A CLEAR DAY in 1988, you might be able to see 52 roof terrace gardens in Bishan New Town. This is one of the possibilities raised by the Housing and Development Board in its effort to create a unique
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    • 191 2 AT LEAST two out of three employees contributed to the United Overseas Bank group's second fund-raising campaign for the Community Chest last year. The group matched the employees' contributions dollar for dollar, and yesterday, a cheque of $70,062.44 was presented to the Chest's president,
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    • 137 2 TELECOMS has announced new destinations for IDD and Datel services. With effect from Jan 15, the IDD service will be extended to Libya and the Virgin Islands. Currently only number-to-num-ber and person-to-person telephone services are available to these destinations. An IDD
      137 words
    • 269 2 BIG DISCOUNTS in property prices do not mean that prices have dropped, said a marketing agent of one of the biggest developers in Singapore. Mr Chia Ngiang Hong, marketing manager of City Developments Ltd, said yesterday that net prices of apartments
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  • OVERSEAS
    • 441 3 AP THE TOP US policymaker for East Asia will leave for the Philippines on Saturday to confer with President Ferdinand Marcos to determine whether a boost in US economic assistance is warranted at this time. After a three-day visit in Manila, Assistant Secretary
      AP  -  441 words
    • 192 3 AP THE ECONOMIES of Japan and Australia are displaying the most promising growth potential among non-communist industrialised nations. The Conference Board in New York said yesterday that its index of leading indicators a measure of future economic activity is climbing at an annual rate of 9
      AP  -  192 words
    • 770 3 ARRIVALS Opcrotof Sorvic* number Local tilTM From SIA SQU 0110 LAX/TYO PAA PA5 0155 JFK/SFO/HKG CAL C1333 0250 TPE RA RA408 0730 BKK/KTM MAS MH681 0820 KUL CV CV796 0645 LUX/AUH KAL KE624 0850 KUL MAS MH603 0905 KUL SV SV378 0920 JED/RUH MAS MH671 0935 KUL
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    • 167 3 AFP VIETNAMESE Premier Phan Van Dong has told a Japanese parliamentary mission that his country is hoping to have friendly and peaceful relationship with non-communist Southeast Asian nations. The Vietnamese premier was also quoted by former Japanese foreign minister Yoshio Sakurauchi, now in
      AFP  -  167 words
    • 101 3 Reuter AFGHAN President Babrak Karmal has said that Soviet troops would not stay in Afghanistan (or ever. Tass news agency yesterday quoted the president as saying that as soon as "outside interference and aggression" stops, Soviet soldiers would be able to return
      Reuter  -  101 words
    • 211 3 UPI LEADERS of Greece, Mexico, Argentina, Tanzania, Sweden and India will meet in New Delhi later this month in an effort to promote an initiative for nuclear disarmament. Greek government spokesman Dimitris Maroudas said his Prime Minister, Andreas Papandreou, Mexican President Miguel de la
      UPI  -  211 words
    • 70 3 AP THE US NAVY has announced that it would launch two new ships on Saturday, including a Trident nuclear submarine. The submarine Alaska will be launched at the General Dynamics Corps shipyard in Groton, Connecticut, the navy said. A new ocean surveillance ship,
      AP  -  70 words
    • 248 3 Reuter A SENIOR Iranian oil ministry official has said that Iran had raised official prices for its light and heavy crudes and would give no more discounts. He confirmed reports from Europe that Iran had increased official prices for its light crude
      Reuter  -  248 words
    • 643 3 FT/Reuter JAPAN can expect a "steep deceleration" in the growth of its exports, especially of electronics goods, in the second half of the fiscal year beginning in April, according to a leading Japanese bank. In the opinion of Sumitomo Bank's annual economic outlook, the slowdown
      FT/Reuter  -  643 words
    • 292 3 AP A WEALTHY Filipino family which lost a major television network when soldiers occupied it in 1972 reopened on Thursday its decade-long battle to regain the property from President Marcos' regime. Owaar Lopez, president of the ABS-CBN network, said he wants the network's more
      AP  -  292 words
    • 223 3 AP THE WORLD'S population is 4.8 billion at the start of this year and by the year 2000, will reach 6.1 billion, 80 per cent of which will be living in developing countries, said the United Nations. But in a biennial report, issued by secretary-general
      AP  -  223 words
    • 139 3 AFP A DRAFT of China's first inheritance law was presented to the National Legislature when it opened a new session in Beijing on Thursday. The New China News Agency (NCNA) said yesterday that Wang Hanbin, secretary-gener-al of the National People's Congress, told the assembly that the
      AFP  -  139 words
    • 124 3 Bernama THE US government has given an assurance that Malaysian textiles and garments can be marketed easily and without any hitch in America. Investigations carried out recently showed that Malaysia and other countries faced little problem in marketing these products, said Mr Tim Hamilton,
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    • WORLD IN BRIEF
      • 53 3 THE United States is planning new naval and ground exercises in the Caribbean and Central America in the coming months. Defence sources said the giant aircraft carrier Nimitz would stage "show-the-flag" missions off the coast of Central America, including Nicaragua, whose government the US accuses of trying to
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      • 62 3 US SCHEDULED airlines had a record safety year in 1984, although commuter airline crash tolls rose sharply, the National Transportation Safety Board said. There were 12 accidents involving scheduled airliners during the year with four deaths, caused by the crash of a cargo plane. It was the lowest
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      • 53 3 SEVERAL LEADERS of the communist party in the Soviet Republic of Armenia were recently dismissed for "abuse of power", the party newspaper Pravda reported. The dismissals were made following a central committe plenum meeting held in Erevan, capital of Soviet Armenia. Pravda did not give the date
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      • 70 3 THE Saudi Arabian news- paper Al-Sharq Al-Awsat reported that the US administration was pressing for a Palestinian government-in-exile to mark the beginning of a US-led move to solve the Arab-Israeli conflict. The paper quoted an unidentified high-ranking US State Department official in Washington as saying the government-in-exile would
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      • 55 3 THE Federal Communications Commission may retaliate against Japan's restrictions of access by US telecommunications companies to Japanese markets, FCC chairman Mark Fowler said. "We have heard concerns from American manufacturers attempting to market in Japan of the extremely long periods of time it takes to obtain government approval," Mr
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      • 86 3 PRICES of domestic fuel oils in Indonesia will go up by 10 per cent across the board starting from April 1, a Financial Ministry spokesman said. The announcement ended speculation about the increase expected in the prices of fuel oils when the new value-added tax (VAT) system
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      • 72 3 CHINA plans to host a major Asian arms fair And defence technology conference next year, the organisers said. Commedia Associates, the Hongkong-based organisers, said in a statement that more than 400 companies from 37 countries, including the United States, were expected to attend the Asian Defence Technology
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      • 64 3 Agencies INDUSTRIAL robots intended to end monotonous labour stood idle at a Ukrainian agricultural machine building plant while the workers did extra tasks, a Ukrainian newspaper reported. The latest edition of Pravda Ukrainy to reach Moscow said its reporters visited the factory and asked the chief engineer how
        Agencies  -  64 words
    • 608 4 Reuter US FEDERAL Reserve Board chairman Paul Volcker has said that the US economy is highly vulnerable to a change of heart by foreign investors who are now financing a major part of the budget deficit. In a speech to businessmen in
      Reuter  -  608 words
    • 114 4 Reuter NYT THE WHITE HOUSE on Thursday announced three changes in President Reagan's Cabinet, including the nomination of Energy Secretary Donald Hodel to head the Interior Department. In the second reshuffle of Reagan's senior advisers this week. White House Personnel Director John Herrington will replace Hodel,
      Reuter; NYT  -  114 words
    • 424 4 Reuter BRITAIN'S record high unemployment level is likely to prove longer term than the British government expects and an effort at job creation should be made, the Organisation for Economic Cooperation and Development (OECD) said. In an annual report on the UK
      Reuter  -  424 words
    • 306 4 UPI UNITED STATES special arms negotiator Paul Nitze has warned "significant differences exist" between Washington and Moscow on new arms control talks, but said the US plans to pursue its stance "with persistence". Mr Nitze, in Western Europe to gain support for
      UPI  -  306 words
    • 136 4 Reuter A BILL giving formal approval to the transfer of Hongkong to China was presented in the House of Commons yesterday. The three-page document will be debated in Parliament on Jan 21 before becoming law as the Hongkong Act 1965. Prime Minister Margaret Thatcher travelled to
      Reuter  -  136 words
    • 148 4 AP PLANNERS OF THE Soviet bloc's common market ended talks on* Thursday on further aligning energy and economic policies and Czechoslovak leader Gustav Husak praised them for resisting "destructive" capitalist influence, the state-run CTK news agency reported. The Council for Mutual Economic Assistance
      AP  -  148 words
    • 221 4 AP AMERICAN national security adviser Robert McFarlane has indicated that Nato will continue to install new nuclear missiles in Europe on schedule despite resumption of nuclear arms talks with the Soviet Union. Mr McFarlane was responding to a reporter's question at a
      AP  -  221 words
  • Page 3 Advertisements
  • Page 3 Miscellaneous
    • 23 3 BY GARRY TRUDEAU IFTH&&ONB7HJN6I IM.rftAGOOPSBMICB eCONOHY.TH&POffrAims DOrrmiHEft.BUTTHEYPO TT FOR NEXT TO NOTHING 1 mm m w M* W Wi r m L m •*>
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  • RAW MATERIALS
    • 151 4 Chinese Produce Exchange (Sellers' noon closing prices on ion 11. S$/100 kg) Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW B W FOB NSW 492.50 438.00 281 00 Coconut oil Bulk FOB Old drum FOB New drum FOB Copro Mixed (loose) 180 00 193 00 197 00 95.00
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    • 289 4 Singapore A-l special C-l special C-l Ordinary 187 unq (S$/kilo, e*-godown) unq Thai white Loonzam 100% 100% 1st class (kangaroo) new crop 096 first grade 100% second grade 100% third grade unq 235 unq 100% 2nd class 0 70 Parboiled 100% 3rd class 0.65 5% 10% 237 25% new
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    • 78 4 THE Kul» Lumpur Tin Market price stayed at the International Tin Agreement fleer-level ef M 529.15 per kg yesterday, kelped mainly by buffer stock buying. Turnover increased te 294 tonnes from 147 tonnes on Thursday and included about 2t per cent foreign concentrates. Sterling's fall against the Malaysian
      78 words
    • 161 4 Yarn (In HKS per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 2,950 Blue Phoenix 20's 3,050 Blue Phoenix 32's 3,650 Blue Phoenix 40's 3,900 Carded yarn, hank Blue Phoenix 21's 3,300 Combed yarn, cones Blue Phoenix 32's 4,600 Blue Phoenix 40's 4,800 Open-end yarn 2,650
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    • 189 4 SINGAPORE The market closed lower yesterday with February One RSS buyers quoted at 168.25 cents per kg, down 1.75 cents from Thursday. The morning session lost 1.25 cents on a general lack of trading interest with some purchases by the Inro buffer stock manager having little impact. Prices lost
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    • 363 4 R AS prices (in S cents/kilo. FOB in boles) NOON CLOSE Buyer* Sellers Buyers Sellers lot 1 RSS Prompt ***** ***** 161 SO 162 SON Int 1 RSS Feb 85 169 00 169 50 ***** 168 75 In! 1 RSS Mar 85 170 50 171 00 170
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    • 149 4 THE MALAYSIAN crude palm oil market closed lower yesterday despite some late weekend covering interest in fairly active trading. January deliveries in the north, central and south fell Ms3o, 125 and $22.50 respectively, to $1,200 per tonne. In February, south fell $10 to $1,200. The refined palm oil
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    • 127 4 SOYBEAN futures on the Chicago Board of Trade backed off midday highs on Thursday to close two to four US cents per bushel higher in moderately light trade. March settled at 591 Vt cents after posting a 10 1 »-cent range on the day. Slow country movement and -firm
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    • 157 4 WHEAT futures on the Chicago Board c! Trade ended near the highs on Thursday, up s'i to I' 4 US cents per bushel in moderately light trade. March settled at 350 i cents after posting a six-cent range. A pick-up in barge shipments out of Chicago to the Gulf
      157 words
    • 111 4 (cents/kg, 1-ton pallets) February 85 March 85 (current mtfc) (forward mth) NOON NOON RAS Buyers Setters Buyers Sellers SSR 20 166 00 I68 00N 168 00 170 OON SSR 50 164 00 166 00M 166 00 168 OON MRELB Buyers Sellers Buyers Sellers SMR CV 192 50
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    • 888 4 COFFEE Robusta futures, which on March touched a new contract high of £2,333 at one point, ran out of upward impetus on Thursday afternoon and closed £10 a tonne below to £9 above Wednesday night's levels. January traded last at £2,282, down £10 from Wednesday, with a recent
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  • BANKING AND FINANCE
    • 122 5 Reuter MINIMUM interest rates charged for officially supported export credit finance will fall by more than one point in some categories for the six-month period starting Jan 15, the UK Export Credits Guarantee Department said. The rates are set under an automatic system agreed in
      Reuter  -  122 words
    • 252 5 THE SINGAPORE International Monetary Exchange (Simex) is to come under closer scrutiny by the Government. For financial futures markets elsewhere, the same exercise is expected. The futures industry in both the US and Switzerland expect greater government intervention this year. But while the
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    • 83 5 Reuter US TREASURY Secretary designate James Baker said it might be a good idea to have co-terminous terms for the President and the chairman of the Federal Reserve. In an interview with Political Profiles magazine, he said: "The chairman of the Federal Reserve himself
      Reuter  -  83 words
    • 454 5  -  Simex now second-biggest market after Comex By PENG AILIAN GOLD FUTURES trading on the Singapore International Monetary Exchange (Simex) is expected to be linked to the Chicago Mercantile Exchange (CME) under the mutual offset system by the second half of the year.
      454 words
    • 513 5 Reuter A ROW over the status of a syndicated loan to a Philippine company could delay the completion of the Manila government's US$l4 billion 1965 financing package. Banking sources said the |925 million loan that forms the cornerstone of
      Reuter  -  513 words
    • 241 5 Reuter MEMBERS of the London Gold Futures Market have until Jan 24* to answer a questionnaire sent to them by its chairman, Robert Beale. A market source who declined to be named said the questionnaire, and an accompanying letter from Mr Beale, sought
      Reuter  -  241 words
    • 94 5 Reuter UNION BANK, a subsidiary of Standard Chartered Bank PLC, has sold US$462 million or 61 per cent of its international loans to its parent and received 96 cents on the dollar for the transaction. A company spokesman said there was no compelling need to get
      Reuter  -  94 words
    • 551 5 Reuter AMERICAN EXPRESS CO seems to have overcome some 9erious problems with its Fireman's F\ind insurance business, and this year is expected to mark the beginning of a new period of strength for the financial services conglomerate. After experiencing
      Reuter  -  551 words
    • 210 5 Reuter CREDIT MARKETS in the US were expected to open yesterday on a negative footing following Thursday's smaller than expected decline in M-l money supply. The US$5OO million decline was short of expectations that the aggregate would fall by $1 billion and far
      Reuter  -  210 words
    • 120 5 Reuter THE CANADA Deposit Insurance Corp (CDIC), which protects savings at banks and trust companies, is to be reviewed by a private sector committee. Minister of State for Finance Barbara McDougall says the committee will have a mandate to study the present system
      Reuter  -  120 words
  • MONEY AND EXCHANGES
    • 742 5 SINGAPORE The US dollar lost some of its early gains against major currencies in moderate late trading yesterday. It eased to 3.1596/1606 marks from an early 3.1630/40, but was still higher than New York's 3.1536/50 close and to 253.85/96 yen from 254.55/65 hut above 253.65/75 in the US.
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    • Article, Illustration
      218 5 Asian market •mttlß ft* mm* P*" ntn 12 mjm Mm taf ta Stappwt. ASIAN dollar deposit rates closed little changed at firmer opening levels in quiet afternoon trading yesterday. IntoriMnk dipoiH n itM us* Offar Bid 7 days 1 month 2 months 3 months 6 months i 9 months 12
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    • 49 5 RESULTS of tender held yesterday for 91-day Treasury hills to be issued from Jan 14 to Jan 18. Offered: $140,000,000. AhM for: $204,300,000. Allotted: $140,000,000. Accepted bids: $99.27 approximately 65 per cent; higher bids in full. Average rate af dlseeaat sa allotment: 2.920 per cent per annum.
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    • 81 5 THE OVERNIGHT rate on the Singapore interbank money market rose by 1/4point from Thursday to close at 6 per cent yesterday. The one-month rate rose by 3/16-potat, two-month rose by 1/8-point, while three-month rose by 1/16point. S$ interbank rates at 3pm yesterday OHt Bid Overnight 6* 5 7/8
      81 words
    • 213 5 Interbank rotes at 3pm Lecol dolor* to on* unit of foreign «Mtodye« lerdey **ee peHty arrMcr US dolor Storing pound Austrafcon dolor NZ dolor Conocfcon dolor 2.1985 2.4777 1.8115 1 0354 1 6640 2.1995 2 4810 1.8134 1 0381 I 6654 2 8196 7 3469 ***** 3.4286 *****
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    • 306 5 PROFIT-TAKING at Simex yesterday saw the March |f«nibllir opening six ticks lower than CME's close at 90.80. Very strong support, however, could be found at 90.78. The March contract traded in a small range before closing at 90.79. The minor correction came as expected after the recent run-up. The
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    • 168 5 HONGKONG The metal closed marginally lower in light trading yesterday. It finished the day at U*****.10/60 per ounce compared with its $303.25/75 dose in New York. Local gold was unchanged at HK52,827 a tahil. Kruggerrands were quoted at HK52,45, off 115. TOKYO Futures closed slightly lower yesterday with prices
      168 words

  • TIMEO-OFF
    • 536 6 THE MAFIA and the Chinese secret societies enjoyed open discussion yesterday on the final day of an Economic Crime in the Asia-Pacific workshop. The five-day meeting was a gathering of crime detectors, one or two of whom could have passed off as George Smiley, the
      536 words
    • 337 6 Reuter THE PEOPLE who brought you gongfu star Bruce Lee are now about to give you Yuen Bui and Samo Hung. Golden Harvest, producers of Lee's films in the early seventies, say they hope to make international stars out of the two Hongkong gongfu
      Reuter  -  337 words
    • 295 6 STRAWS in the Wind ORCHARD ROAD's remaining piece of greenery has inspired at least one short poem, sent to Zephyr by a reader who wrote: "I feel the attached creation, by a friend, may be worthy of a space in your column." It certainly is. Readers
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    • 396 6 Insight Quids: New England Apa Productions. 344 pagss Reviewed by TSANG SAU YIN THERE are guide books and there are guide books. Most of them are the run-of-the-mill stuff which gives the reader just the essentials such as where, how, and how much.
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  • Page 6 Miscellaneous
    • 1488 6 mmrzm The SSO starts off its first series in 1985 with Stephanie Chase, who has been described as one of America's most gifted and attractive young violinists. By the age of seven she was a three-time winner of the Ted Mack Amateur Hour. She is now artist-in-residence at the Boston
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    • 785 6 CRYPTIC PUZZLE ACROSS 9 Number one is Avt out (9) fr 10 Pass the measure on to on associate (9) 12 Stogger out of the fishing boat (4) 13 From the ogent, look for service (6) 14 Making one feel the East hos a reason for it (7) 15 Issue
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  • SPORTS
    • 681 7  -  By BRIAN MILLER GRAHAM COOK, who has been granted a one-year licence to ride for trainer Garnet Bougoure from Feb 1, could celebrate his new status by nudging home a double at today's Ipoh race meeting. Down to partner three horses in
      681 words
    • 152 7 AP THE world's No 1 singles player, Morton Frost of Denmark, and compatriot Jens Peter Nierhoff on Thursday advanced into the second round of thq men's doubles in the Hongkong Open badminton championship, the first tournament on the 1985 Grand Prix calendar. Frost
      AP  -  152 words
    • 111 7 SP AMERICAN professional basektball sensation Kareem Abdul-Jabbar has made it official: he will play another season. Abdul-Jabbar, the National Basketball Association's all-time leading scorer, signed a one-year extension to his contract, the Los Angeles Lakers announced on Thursday. Abdul-Jabbar, who turns 38 in April, entered
      SP  -  111 words
    • 535 7 Reuter MATS Wilander of Sweden survived three match points and squeezed out a 6-4, 3-6, 7-6 victory over Johan Kriek of the United States on Thursday to reach the semi-finals of the Grand Prix Masters tennis championship. This afternoon, the 20-year-old Wilander will play the
      Reuter  -  535 words
    • 345 7 AP TIM SIMPSON ignored doctor's advice to stay at home in Atlanta and miss the opening event of the PGA tour, and promptly shot a 6-under-par 66 to take a one-stroke lead on Thursday after the second round of the US$5OO,OOO Bob Hope golf classic
      AP  -  345 words
    • 230 7 AP SEEDED players Wendy Turnbull of Australia and Zlna Garrison wen matches en Thnrsday to advance inte the quarterfinals of the USSIS4,MI Virginia Slims ef Washington tennis tournament. Turnbull, the tournament's No 3 seed, turned hack unheralded Sahrina Geles of Yugoslavia 8-4,1-5.
      AP  -  230 words
    • 543 7  -  By WALTON MORAIS THIRTEEN MIGHT prove to be a lucky number at Changi this weekend when the club holds the Gold Medal competition for winners of its monthly medal contests in 1984. For they're saying that the 13 handicappers appear
      543 words
    • 1011 7 VmiiI Berth KEPPEL WHARVES CR Douolo 10/1 DoiYunShon 13/4 Dong Won 27/8 Jenson 22 Klipper Grocht 31/2 Sonko Scorpio Strothfyne 35/6 Vishvo Momto Yue Yang t 37/8 Equator 22 Feng Too 13/4 Helmut Hermann 35/6 Koto Waruna 10/1 Langsa 45 O Pyotnitskiy 31/2 Victory 1 26/7 Vishva
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  • Page 7 Miscellaneous
    • 35 7 Bristol Vrt 6SZOPV&Z P*vl l*»DeSPO£P© Dpsmß&e..- \N« toe *>rre«*upr TWIS e>«DPC?CP«T TO BCIKG PV SRECJPU- HgJUJSfLRSM. PfTfclNS OF "THE. CMCSTeR -PeRRvJ oOfNtGjS HP*S NOu) p<*fo\jpggD fRCTI ILLNCSS P»KD HPfe CeTORNeD *<& TDDP>V... <yje& "*D COfc F*NPHC»r*L
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  • INTERNATIONAL STOCKS
    • 113 8 Reuter THE AMERICAN Securities and Exchange Commission (SEC) has voted to review its financial responsibility rules for brokerdealers. As a first step, the commission says it will seek public comment on a broad range of issues concerning the current rules and how they
      Reuter  -  113 words
    • 57 8 AFP THE HUGHES AIRCRAFT Co, one of the US Pentagon's main suppliers of missiles, radar and hightechnology equipment, might be sold privately or to the public soon. Its owner, the Howard Hughes Medical Institute Foundation, said Morgan Stanley and Co has been entrusted with studying
      AFP  -  57 words
    • 162 8 Reuter THE LOAN LOSSES of Royal Bank of Canada appear to have peaked and significant reductions are expected in the future. Bank president Allan Taylor, however, cautioned that because of Canadian hanking regulations, loan losses will continue to affect the reported earnings of both
      Reuter  -  162 words
    • 83 8 Reuter BANK of New York Co Inc has reported higher fourth-quarter and full-year net income in spite of an increase in loan loss provisions. The bank said it earned US$2B.4 million in the quarter, compared with $23.5 million a year earlier, bringing 1984 net income
      Reuter  -  83 words
    • 303 8 Reuter ENCOURAGED by statements made by Federal Reserve Board chairman Paul Volcker, the stock market rose sharply on Thursday in heavy trading as investors grabbed both blue chip and secondary stocks. THfe Dow Jones Industrial Average rose by 20.76 to 1223.50 and advancing
      Reuter  -  303 words
    • 139 8 IAN 10 Abrtibi C$ 33 Imp Oi Inco 40* 16* Akan 38* Int Prov Pip« 34* 18* Int Uli Bank Mont 26* 15 Bank Nova Scotia Bal T«l 13 35 Lobiow B 19 BP Can Ltd 26 Brascan 30* Mc 29* Mofeon A Can Prm Mg Canpac 49 NoionJi
      139 words
    • 214 8 JAN 10 M Trutt Bk 205 107 3 unch 490 -10 A Alpha Ab«fCom AE And a 920 115 760 310 20 -5 unch 10 Wootworth Anglo* 1375 MININGS 2375 ***** txich 35 100 AAmF**. 2425 \cn*> 25 Bwo<" BuHab 1660 6900 60 75 C G Smith 2150 inch
      214 words
    • 689 8 JAM 10 USJ 29*4 4-* Alcoo 37* 4-* 24* 4-1* AJbad Cham Cp Afced Stores Att»-Chalm«ri 35 50* 6S 62* 4-* 4-* 4-* Am Broodcotf 63** 50* 1* 49% 21* 4-* 38* 1* Am Horn* Prod 53 4* 4-* Am Natural Gat Am Id Til 37* 20* 4-*
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    • 922 8 Amsterdam MM 10 Fta ABN 381 50 15 Aagon 157 50 2 5 Ahold 205 50 4-5 5 Ak*o ***** 406 AM£V 226 50 +45 Amfen 72 80 1 BwV 42 70 unch Bok 108 00 39 ***** +4 Burtat 7800 +15 33 50 0 2 Goto 425
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  • Page 8 Advertisements
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    • 140 8 "<),])!>',:|..:$\*_"-?|/};("[~} A Lounge Sip a glass of the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with Keyboard wizard, Danny Kota and our resident band. The Pintos Trio. Happy hours: spm—7pm, 25% off all drinks. 9FRPCE HOTEL poreo923Telex: KS ***** nCROWD.
      140 words

  • ASIAN STOCKS
    • 354 9 HONGKONG: Share prices continued to rise strongly yesterday, helped by a strong Hongkong dollar and favourable chart positions. The Hang Seng Index finished at another 30-month high, rising 34.14 to 1,352.69 for a rise of 90.69 from last Friday's close. Among leaders, Cheung Kong rose HK$l.OO higher at $13.30,
      354 words
    • 249 9 JAN 11 Al Sncere Indus MT 6 50 0 3 Cham InAis two Hwo Indus Nan Yo Plas 17 90 11 80 29 90 25 60 0 2 0 15 0 1 -0 1 Cothoy Cora Chang Hwo Bank Chan Loong 27 60 54 50 1830 1890 -02 unch
      249 words
    • 357 9 TOKYO: Share prices closed lower yesterday for the first time this week in active trading after three successive days of record highs. Led by international ppopulars, the market average slipped 12.14 to 11,812.24 from Thursday's record closing high, on turnover of 500 million shares against 480 million on Thursday.
      357 words
    • 97 9 MANILA: Share prices closed mixed in dull trading yesterday. The Commercial and Industrial Index rose 0.34 to 102.27, the Mining Index fell 0.47 to 695.81 and Oils were unchanged at 0.565. Philexß firmed to 0.0950 from 0.09 but PLDT eased to 35 from 35.50. JAN 11 ttun 0 0016
      97 words
    • 315 9 SYDNEY: Share markets closed firmer across the boards yesterday with investors encouraged by an overnight rally on Wall Street. Near the close, the All Ordinaries Index was up 7.2 points at 730.2 points. Turnover totalled 35.51 million shares. In the oil and gas sector, five cent gains took Moonie
      315 words
    • 179 9 BANGKOK: Stock prices closed higher in quiet trading yesterday. The Book Club Index rose 0.07 point to 127.47 as advances led declines by three to two margin and turnover stood at 180,146 shares worth 68.0 million baht compared with Thursday's 348,075 shares worth 88.8 million. Siam City Cement advanced
      179 words
    • 68 9 Jon 11 Bonk Seoul Won 635 -5 Hyvndoi Const Hyundai Mofof 869 650 547 •1 86 -3 640 730 -6 695 -5 1890 40 529 -11 390 16 526 50 750 1 635 -17 800 -20 610 -12 015 5 Gold Star 705 5 1380 -70 Hami Bk 705
      68 words
    • 68 9 Reuter CHINA CEMENT CO (Hongkong) managing director Michael Horner says a company linked to the Chinese capitalised Kiu Kwong Investment Corp will take over the entire equity and liabilities of China Cement. Pro-Beijing newspaper Wen Wei Po has said creditors of China Cement agreed in principle
      Reuter  -  68 words
    • 196 9 AP SEVEN South Korean companies have formed a group to study the possibility of building a pipeline to transport natural gas from Prudhoe Bay to Kenai fSr export to oriental markets. The group will review the feasibility of building a 1,319 km pipeline
      AP  -  196 words
    • 132 9 Reuter CHINA is seeking help from several Japanese trading houses and aluminium smelters for its plan to build a US$l.l-$1.6 biUion aluminium plant in Jiangxi province, south China. Industry sources said China made the approach through the China-Japan Friendship Association, which asked
      Reuter  -  132 words
    • 117 9 Reuter SANYO ELECTRIC CO has won a 7.8 billion yen order from China National Technical Import Cap for colour television manufacturing plants and parts for delivery in the fourth quarter of this year. A Sanyo spokesman says the company will ship two sets of equipment for
      Reuter  -  117 words
    • 145 9 AFP TAIWANESE Chinese Petroleum Corp (CPC), US and South Korean oil companies are cooperating in a search for crude oil in Mauritania. A CPC official said Mauritania was believed to be rich in oil reserves. In an effort to diversify
      AFP  -  145 words
    • 101 9 Reuter NO AGREEMENT has been reached between an eight-member Japanese steel delegation and Indian authorities over the resumption of Indian iron ore exports from Goa to Japan, according to T Sasaki, general manager for Okura and Co. Okura is agent for Chowgule and Co, one of
      Reuter  -  101 words
  • Page 9 Advertisements
    • 85 9 ;?[|>\*^>&>/|.%?)@!@?=%*|.*>"@& TONIGHT! PUJG INK) AN ELECTRIFYING EXPERENCE! THE lONBARkt n I K lil V m 10 Baron's Table Sunday Brunch... you 11 love it Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only
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    • 127 9 I T 7r~Z~ t Come up the staircase to the most modem sound, Ight and laser system in Singapore Our new installations, are complete. If you liked the sound of the old Black Velvet Gold you'll flip over our new sound, light and laser system. Bring your favourite friend and
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    • 126 9 de Level 4 0* fU<v r>i f A I i > Open daily from 11am, Serenade Lounge is a great new place to relax and unwind. The Musk Blenders from The Philippines entertain from Bpm to lam (except Mon)& till 2am (Fri, Sat eve of public holidays). Happy Hours Music
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    • 69 9 Music Room aci From English afternoon teas of hot scones and strawberry/ jam, to evening cocktails. Then dance to the music of Juliana's of London. Linger. The mood is.. Distinctively Hilton in Style. H*.TON WTbRNftTIONAb SINGAPORE Dine in the grand tradition of emperors rl'km m m Where sumptuous W/A meals
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  • SHARE INFORMATION
    • 4188 10 THE SINGAPORE stock market closed mixed yesterday after an attempt to rally in the morning fizzled out. The BT Composite Index added 0.24 point to 683.57 while the Straits Times Industrial Index inched up by 0.19 point to 776.47. Volume was moderate
      4,188 words
    • 237 10 SINGAPORE Bi«M Indices U 0 1 320 lata* 356 V«! L HMI 204 f--L VyQ ICS 580 S t H 580 M »«4um 545 SabafarDradg 500 Taoak CmM 410 Spin Fo44«r 160 M CtoiMn 50« 296 Falls 6(Ui 1760 CULS 400 Ac— 170 (M CM 235 Daft
      237 words
    • 486 10 A LATE ROUND of profittaking at the Kuala Lumpur stock market yesterday trimmed early gains but overall, share prices were still higher. The trading pace picked up marginally and interest was still focussed on selected issues, some of which posted double-digit gains. After a firm
      486 words
    • 3761 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,761 words
  • Page 10 Advertisements

  • COMPANY NEWS
    • 278 11 CHART PiSINT if" Aft i JHthm HOCK LOCK SIEW AGAINST the background of change being made by the KLSE to its rules on share trading, some Malaysian stocks have been staging a fairly strong comeback. The most prominent among them is Raleigfi Cycles (M) Bhd. After drifting
      HOCK LOCK SIEW  -  278 words
    • 229 11 East West-United Malayan Insurance merger PRIME INTERNATIONAL (Holdings) Pte Ltd, which has accumulated almost 24 per cent stake in Van der Horst since late last year, has ceased to be a shareholder of the marinebased company. But this is because the entire
      229 words
    • 2200 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 A Choc (2 88S) (1)2.90 AISB (3 906 4.1
      2,200 words
    • LATEST
      • 44 11 Group pre-tax profits of M 513,000 for the year to Sep 30, 1984, compared with a loss of $439,000 previously. Turnover rose to $2 million .from $1.71 million. After-tax net loss of $17,000 ($368,000 loss. No dividend payment has been recommended.
        44 words
      • 40 11 Group pre-tax profits of $2.2 million ($5.45 million) on turnover of $52.25 million ($42.88 million) for the 12 months ended Dec 31, 1984. It is paying a fourth interim dividend of six per cent gross.
        40 words
    • 612 11  -  By NAJEEB JARHOM A NEW INSURANCE giant, Sime Shield Investment Holdings Pte Ltd, with a paid-up capital of $32 million, has been created in Singapore following the extensive rationalisation of Sime Darby Bhd's insurance interests in the Asian region. The operations of Sime Shield, to be
      612 words
    • 408 11 BROKERS and investors have hailed the Kuala Lumpur Stock Exchange's reported decision to allow contra dealings under the proposed settlement trading and to extend the current oneweek delivery period for ready deals to two weeks. They described the steps, expected to be implemented
      408 words
    • 262 11 Bernama SHELL MALAYSIA Trading Bhd is raising the capital investment of its downstream companies by 73 per cent to M*l92 million in 1965 from nil million last year. Shell managing director (downstream), Mr Jaffar Indot, said the company's move to plough
      Bernama  -  262 words
    • 106 11 HONGKONG NEW YORK Hong Seng Index Friday 1352.69* Thursday 1318.55 Week, ogo 1262.30 Dow Jones Thursday 1223.50 Wednesday 1202.74 Week ago 1189.82 TOKYO Tokyo Dow Jones Friday ***** 24 Thursday *****.38* Week ago ***** 06 Stondord and Poors Thursday 168.31 Wednesday 165.18 Week ogo 164.57 TSE Index Friday
      106 words
    • 217 11 Managers' prices for Jon 12 14 Second B'putra T>wd B'putra Fourth B'putra 482 398 435 487 403 4 40 Singapore Unit Trust The Comrufct 2.25 2.39 The Sovings Fund 1.58 1 68 S'pore Prog Fund 0.96 1 02 S'pore Sec Fund 143 152 S'pore Invest Fund 0.97 1
      217 words
    • 1059 11 EQUITIES opened firm meeting stock shortages and attracting some buying for the new account yesterday, dealers said. The FTSE 100 Index at 0930 GMT was up 4.3 points to a new high of 1,265.3. Government bonds came under selling pressure and declined by up to 11/16 point on
      1,059 words

  • 199 12  -  By PENG AILIAN STERLING continued to weaken yesterday, plunging to a record low of 2.4700 before closing at 2.4810 against the Singapore dollar. After the close of trading in Singapore, major banks in London raised their base lending rates by one percentage
    199 words
  • 390 12  -  By LOH HUI YIN A SMALL cave-in mishap occurred at the Dhoby Ghaut MRT station on Tuesday night, developing a sink-hole about six metres wide near Cathay cinema. No one was injured in the accident, the first of its kind since construction of the
    390 words
  • 183 12 MOMENTUM is building up for the construction of the Mass Rapid Transit system's second phase. The Mass Rapid Transit Corporation is getting more soil investigations done for the 18km route along Phase 28. Dames Moore, an American consultancy company in the
    183 words
  • 172 12 SINGAPORE yesterday condemned the repeated violation of Thailand's territorial integrity and its sovereignty by Vietnamese forces since the dry season began in November last year. "Singapore deplores these acts of wanton destruction of innocent lives and properties and calls on Vietnam to cease all further
    172 words
  • 238 12 TRAINING for sales personnel in the retail trade will begin in July. For a start, the programmes will cater for fresh school-leav-ers who join the retail trade, especially those in the sales assistants' grade. Programmes to train staff at management and supervisory levels
    238 words
  • 583 12  -  By MONICA GWEE IF FRAUDS are rampant today, it is because crime still pays. In the business world, banks and financial institutions must be prepared to do more than be mere receptacles and dispensers of cash. They need to
    583 words
  • 628 12  -  By LEE HAN SHIH EIGHTEEN projects built on land bought from the Urban Redevelopment Authority were completed last year, adding to the market about 1,059 hotel rooms, 281 condominium units, 39,561 sq m of office space, 65,522 sq m of shopping and 120,782 sq
    628 words
  • 96 12 THE STAFF of 16 at Banco Urquijo Union should have no problems finding placements elsewhere, following the bank's decision to end its operations in Singapore, according to its deputy general manager Mr Jose Luis Troya. BUU, the first Spanish bank to set up office
    96 words
  • 65 12 WALL STREET stock prices were mixed in early trading yesterday as demand for secondary stocks continued despite profit taking in the blue chips. The Dow Jones industrial average, which rose over 20 points on Thursday, was off one to under 1223. Overall, gainers held a four to
    65 words
  • LATE FILE
    • 31 12 INDONESIAN Armed Forces Commander General Benny Murdani arrived in Singapore yesterday for talks on regional security with Prime Minister Lee Kuan Yew and other Southeast Asian leaders.
      31 words
    • 52 12 Reuter OPEC members are studying a new pricing system to replace the present benchmark of US$29 a barrel. Japanese newspaper Nihon Keizai Shimbun yesterday quoted Kuwait Oil and Finance Minister as saying: "If we stick to the benchmark, we may lose flexibility in the oil pricing
      Reuter  -  52 words
    • 46 12 AP AMERICAN wholesale prices rose 1.8 per cent in 1964, the third-smallest gain in 20 years. Washington said yesterday that the impressive 1964 performance stemmed from a prolonged weakness in energy prices and from fresh moderation in food price rises. AP
      AP  -  46 words
    • 32 12 AFP THE CHINESE navy is to free more personnel and equipment for civilian use, in order to boost China's economic development, the New China News Agency reported yesterday. AFP
      AFP  -  32 words
    • 48 12 AFP THE Islamic Conference Organisation yesterday called on all Muslim countries and the international community to stop the exodus of Ethiopian Falasha Jews to Israel, saying the emigration of thousands of Falashas hampered peace efforts in the Middle East and threatened world security. AFP
      AFP  -  48 words
    • 38 12 Reuter MALAYSIA'S air force is evaluating Soviet helicopters available for purchase and will submit its findings to the government next month for a final decision, said air force chief, Datuk Mohamad bin Ngah, yesterday. Reuter
      Reuter  -  38 words
    • 51 12 Reuter FORMER US president Jimmy Carter has harshly attacked President Reagan, accusing him of abandoning human rights, being an obstacle to peace and shirking responsibility for mistakes as president. Mr Carter said the US, by its silence, had become an accomplice to human rights abuses.
      Reuter  -  51 words
  • Page 12 Advertisements
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  • Page 12 Miscellaneous
    • 47 12 Outlook for today: Fair. Report for 24 hour* prior to 7 30pm on Jan 11 at the airport: Maximum temperature 31.4 Associated humidity 59 Minimum tamparature 23.4 Associated humidity 93 Hours of sunshine 10.55 Rainfall in millimetres Nil Rainfall this month 37.4 Rainy days this month 4
      47 words