The Business Times, 9 February 1985
1985-02-09
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The Business Times
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Title Section12 1985-02-09 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, FEBRUARY 9, 1985 60 CENTS12 words
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383 1985-02-09 1 THE REGISTRY of Companies is to explain to the High Court why it gave a creditor the old address of a company when it (ROC) was supposed to have been informed of the new address earlier. It has been asked to383 words
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480 1985-02-09 1 Offer understood to be made to former senior government man THE CHINESE government is looking for an economic overlord to take control of the development of its economic zones and it has set its sights on a Singaporean as its prime target for480 words
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431 1985-02-09 1 FOO CHOY PENG - By FOO CHOY PENG THE Central Provident Fund Board will keep workers informed of the arrears due to them at the same time as it prosecutes defaulting employers, the board said in a threepage statement yesterday. This, it said, would alert workers as431 words
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308 1985-02-09 1 THE CPF BOARD has a comprehensive enforcement system to ensure that employers pay up their contributions promptly for their workers. This can be seen from the vast majority of employers who pay up the full contributions promptly, the board says. There are308 words
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Article, Illustration67 1985-02-09 1 THE Stegapere stock market etoaed bmtH yesterday after jfsfll iallf toek Its toll ea early galas BaeUag the tread was the fiaaaee sector, which remained firm aad lianet visas to preAttakiag. Dealers repsrted little tastttattoaa! activity yesterday. The BT Cesapestto Index rase 1M pslato to 714.17 while the67 words
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Article365 1985-02-09 1 PENG AILIAN - By PENG AILIAN WHAT WOULD Chinese New Year be without the bong baos even if the red packets are given tree as part of a bank's advertising The bank with by far the biggest deposits base and the largest number of account holders has365 words
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152 1985-02-09 1 Reuter US FEDERAL Reserve Board chairman Paul Volcker has said the budget and trade deficits are putting at risk both the country's and the world's economic recovery. In testimony prepared for delivery to the Senate Budget Committee yesterday, Mr Volcker said: "Until those underlying problemsReuter - 152 words
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Article, Illustration420 1985-02-09 1 RICHARD SEAH - By RICHARD SEAH ANOTHER GROUP of people have disclosed that they have lost money in a franchise this time it is a group of 36 who together paid about (1.1 million for an orange Juice franchise called "Jumbo Orange". The franchise was bought from420 words
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Page 1 Advertisements
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Advertisement171 1985-02-09 1 Sponsor: SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention Organiser: ©INTERFAMA PTE LTD Tel *****12 The World's 1 Golf Club r Reason 1: TOPS IN DISTANCE Via Mi* tafaVcfcfeal Teats executed by an American designed swing robot (the most rsdabte gott testing equipment to date) prove171 words
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Advertisement247 1985-02-09 1 WANG LABORATORIES has OUR VIEW COMPANY NEWS sent a fact-finding team to wn f ,u Singapore to see whether it Ho ucky drowj, announced petrol companies. So we're MUITI-rUR I POSEH 0L Dshould invest a compute. f)) b0,., of tijsu 01mJ the occasional d.nner £GS three factory and o software247 words
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Advertisement54 1985-02-09 1 MEDIC ASUt *5 S E Asia s 4th Int'l Medical. Hospital ft Dental Equipment ft Technology Exhibition ft Conference 18th 21st April 1985 Dynasty/Hyatt Hotels Singapore Organiser: INTERFAMA PTE LTD Tel *****12 YEARS OF BANKING EXPERIENCE IN SINGAPORE TO SERVE YOU BETTER B RANQUE DMDOSUEZ 3 Shenton Way, Shenton House54 words
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HOME NEWS
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Article, Illustration643 1985-02-09 2 LEE HAN BHIH - Team to study set-up of factory and software centre By LEE HAN BHIH WANG Laboratories has sent a fact-finding team here to see whether it should invest in a computer factory and a software development and training centre in Singapore. The team, arriving from643 words
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Article100 1985-02-09 2 IF YOU ARE thinking of driving to Chinatown tonight to shop for Chinese New Year goodies or just to gaze at the bright lights, try taking a bus instead. In anticipation of the large crowds and the volume of traffic there, the lighted streets100 words
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323 1985-02-09 2 REAL ESTATE developers are generally happy with the latest statistics published by the Ministry of National Development which show a drop in the number of residential units left unsold. A survey by the ministry found that as at Sep 30 last year,323 words
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276 1985-02-09 2 A $5.7 MILLION commercial complex is being built in Geylang East Town by the Housing and Development Board. When the complex is completed late this year, it will house the Geylang East area office, an emporium or supermarket, 36 lock-up shops and276 words
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192 1985-02-09 2 GENERAL MOTORS has invested $90 million so far in its seven divisions in Singapore. Mr Ho Kah Leong, senior parliamentary secretary for education, told the audience at the opening ceremony of Detroit Diesel Ainson (DDA) training centre in Jurong yesterday that192 words
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244 1985-02-09 2 THE SINGAPORE National Employers Federation (SNEF) will conduct a course next month on compensation for employment injuries under the Workmen's Compensation Act and the Common Law. The course from March 8 to 29 is designed to help management understand their liabilities244 words
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57 1985-02-09 2 THE Currency Board has stopped the sale of the 1985 'Year of the Ox' $10 nickel coin and coin set at Victoria Theatre. Sale of the 1500 gold proof coin and coin set would continue at the board's premises in Robinson Road as long57 words
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Article, Illustration234 1985-02-09 2 LISA LEE - By LISA LEE MARINA CENTRE'S milliondollar walkway will probably be built by Wee Poh Construction PteLtd. The company submitted the lowest bid of $1.21 million among 17 contractors who tendered for the contract. The tiled walkway, stretching from the city to Marina Centre, will234 words
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401 1985-02-09 2 YAP BOH HOON - By YAP BOH HOON AFTER THREE WEEKS of promotion, a consortium of four travel agents is enjoying overwhelming response to its China tour packages. The consortium, which designs the tours instead of buying those offered by the stateowned China Travel Service (CTS), has reported401 words
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270 1985-02-09 2 SINGAPOREANS and Malaysians sucked their way through $10 million worth of throat lozenges last year, double the amount in 1900. The prospect of continued growth in medicated sweets has prompted a large Swedish confectionary company to step up marketing efforts for its brand of270 words
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Article, Illustration396 1985-02-09 2 CHRISTOPHER OOH has been appointed director of marketing of Regent Motors PteLtd. Mr Goh has 17 years of experience in the motor trade, and was previously group manager in charge of overall operations at Asia Motor Co (Pte) Ltd for East and West Malaysia, Hongkong, Brunei and396 words
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Page 2 Advertisements
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Advertisement349 1985-02-09 2 AEROFLOT DAY FEBRUARY 9 OVER 60 YEARS OF FLYING ACHIEVEMENT TODAY Aeroflot, the Soviet state-owned airline celebrates 'Aeroflot Day'. It marks the significant achievement of Aeroflot which started on February 9,1923, and has since developed into the world's major airline. Aeroflot carries an annual passenger traffic of over 112 million349 words
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OVERSEAS
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Article, Illustration331 1985-02-09 3 UPI AUSTRALIAN Prime Minister Bob Hawke will return to his country from his talks with the Reagan Administration to face an internal revolt within his own party over his handling of the MX missile issue. Mr Hawke will be under pressure fromUPI; AP photo - 331 words
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Article769 1985-02-09 3 ARRIVALS Operator Service Local From number time SIA SQ11 0110 LAX/TYO PAA PA5 0155 JFK/SFO/HKG CAL CI333 0250 TPE RA RA408 0730 BKK/KTM MAS MH681 0820 KUL CV CV796 0845 LUX/AUH KAL KE624 0850 KUL MAS MH603 0905 KUL SV SV378 0920 JED/RUH MAS MH67I 0935 KUL769 words
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307 1985-02-09 3 AFP CHINA will give its 5,008 largest state-owned enerprises more autonomy this year, State Economic Commission Minister Lu Dong has announced. New China News Agency (NCNA) reported that Mr Lu told a national economic conference in Beijing on Wednesday that the companies would be ableAFP - 307 words
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175 1985-02-09 3 AFP CHINESE-American journalist Henry Liu was murdered on the orders of senior Taiwanese government officials to prevent him from writing any more books about President Chiang Ching-Kuo and his family. It was also to scare off other journalists who might be tempted toAFP - 175 words
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Article125 1985-02-09 3 Reuter THE United Nations is likely to ignore the East Timor issue for a third successive year while talks continue between Indonesia and the province's former colonial ruler Portugal, UN Secretary-General Javier Perez de Cuellar said. The UN General Assembly passed a resolution in 1982 condemning theReuter - 125 words
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244 1985-02-09 3 FT SENIOR West German monetary officials are not optimistic that the US will take part in concerted intervention to depress the high flying dollar on foreign exchange markets, even though the moment for joint action looks propitious. The officials said theyFT - 244 words
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351 1985-02-09 3 Study predicts more investment in SE-Asian petroleum projects FT SOUTH-EAST ASIA'S petroleum industry can expect heightened investment and a further strengthening of its competitive position over the next few years, according to a major study about to be released by Petroconsultants of Geneva. TheFT - 351 words
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Article229 1985-02-09 3 AP JAPAN, West Germany, and Australia have the fastest growing economies in the industrialised world, the Conference Board said on Thursday. "Latest readings show that the business cycle has taken a modest turn for the better around the world," the business-sponsored research organisation said in itsAP - 229 words
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Article68 1985-02-09 3 Reuter THE FUTURE of Portugueserun Macao should not be hard for Beijing and Lisbon to negotiate, Chinese President Li Xiannian said "It is not difficult to settle the Macao question since the principles have already been outlined in the communique on the establishment of diplomaticReuter - 68 words
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329 1985-02-09 4 Resistance forces claim attack on Siem Riep UPI KHMER ROUGE resistance forces yesterday launched a sustained mortar and recoiless rifle barrage to relieve Vietnamese pressure on mountainous strongholds. The Khmer Rouge also claimed that its guerillas had staged a three-pronged attack last Saturday onUPI - 329 words
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232 1985-02-09 4 Reuter THOUSANDS of people marched through northern Manila on Thursday in protest against what they described as the "oppressive government of President Ferdinand Marcos". Police looked on but there were no incidents as the marchers, mostly students and workers, blocked traffic on a majorReuter - 232 words
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Article89 1985-02-09 4 AFP ONLY President Ferdinand Marcos can decide whether top film director Lino Brocka goes free while awaiting trial on capital charges stemming from an abortive transport strike. A court official said in Manila yesterday that Mr Brocka and four others could not be freed, evenAFP - 89 words
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WORLD IN BRIEF
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Article58 1985-02-09 4 THE US and Hongkong have failed to end a major dispute over textiles after three days of talks in Washington. Hongkong trade officials said yesterday that a team had met US negotiators to press for an easing of restrictions on imported textile products, insisting that the US rules58 words
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Article43 1985-02-09 4 THE US air force has cancelled production of a low-level laser-guided bomb because of a 40 per cent cost increase. It said yesterday that this year's production of the 910 kg bomb, made by Texas Instruments, would be the last.43 words
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Article53 1985-02-09 4 SIX GUNMEN seized a Cyprus Airways Boeing 707 jetliner at Beirut Airport on Thursday, shortly before its scheduled takeoff on a regular flight to Larnaca. Airport sources in Beirut said yesterday that they did not know the motive for the seizure. The attackers forced their way aboard the53 words
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Article62 1985-02-09 4 A PHILIPPINE opposition Member of Parliament leading an inquiry into alleged irregularities in the country's sugar industry has said that officials smuggled 287,000 tonnes of sugar into the country in a bid to maintain their control over local traders. Fermin Caram said the officials smuggled about U5554.4 million62 words
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Article69 1985-02-09 4 Agencies THE OWNER of Brazil's second-biggest shipyard killed himself on Thursday in his Rio de Janeiro office amid a loan scandal involving hundreds of millions of dollars. Paulo Ferraz, the 61-year-old owner of the Maua Shipyards, was found dead with a bullet in the head. The Maua shipyardAgencies - 69 words
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351 1985-02-09 4 AP THE ONCE-SOLID power base of former Prime Minister Kakuei Tanaka showed signs of fissures, with Tanaka follower and Finance Minister Noburu Takeshita officially forming his own "study group" with 40 Diet (Parliament) members. Political observers saw the move as anAP - 351 words
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181 1985-02-09 4 AFP NEW CALEDONIAN Premier Dick Ukeiwe said he "could not" meet French High Commissioner Edgar Pisani while the latter continued to propose independence for the troubled South Pacific archipelago. Arriving from a two-week stay in Paris, Mr Ukeiwe said he had written to FrenchAFP - 181 words
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231 1985-02-09 4 Reuter SOVIET President Konstantin Chernenko attended a politburo meeting on Thursday. In the first official statement that the ailing leader had resumed his duties, Tass News Agency said Chernenko had addressed the politburo meeting on agricultural topics. Chernenko was last seen in public on Dec 27Reuter - 231 words
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232 1985-02-09 4 Reuter BANK OF BOSTON Corps First National Bank of Boston has pleaded guilty to federal charges of failing to report to the government currency transfers of US$l.2 billion in cash to Swiss banks. US attorney William Weld said yesterday that the bank hadReuter - 232 words
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Page 3 Advertisements
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Advertisement11 1985-02-09 3 mtv /wi Pan Am.Daily 747SPToUSA. It Flies Smoother, Faster And Quieter.11 words
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Advertisement362 1985-02-09 3 FACTORING CONFERENCE Sponsored by Singapore Finance Limited in conjunction with Factors Chain International 11th—12th March 1985 Shangri-La Hotel, Singapore The Factoring Conference 1985 is the first of its kind to be held in Singapore. The conference, which has a panel of distinguished international experts, answers everything you ever need to362 words
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Page 3 Miscellaneous
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Miscellaneous48 1985-02-09 3 Doonesbury W Ti mi MAYBB YOU ANDG6NEMTB SHOUUWSAK "Saints 7D7W5e STORIES 7 ARB R&VfUBRS YOU CRAZY* AFTER ALL, I at m 9 m m W BY GARRY TRUDEAU m i S B P DIP YOU KNOUJ THAT ftVKS NO, BUT MS&LATWW VMNCfT THZ'MAMIOIIIBI SUKPfHSeP. MADAM"? I Mmiibuu WL48 words
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RAW MATERIALS
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Article145 1985-02-09 4 Chinese Produce Robusta 20/25% FOB NSW 477 50 Exchange (Sdhn* noon closina prices on Feb Nutmeg 438 00 8 S5/100 kg) 110 FOB NSW B W FOB NSW 281 00 Coconut oil Bufc FOB 157 00 Gambier CHd drum FOB 170 00 FOB NSW 330 00 New drum145 words
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Article289 1985-02-09 4 Singapore A-l special C-l special C-l Ordinary 177 unq [SS/Vito, ex-godown) unq Thai white Loonzain 100% 100% 1st class (kangaroo) new crop 096 first grade 100% second grade 100% third grade una 225 unq 100% 2nd doss 0.70 Parboiled 100% 3rd class 065 5% 227 25% new crop No289 words
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Article104 1985-02-09 4 TIN HELD at the International Tin Agreement floor-level of M 529.15 per kg yesterday on continued buffer stock manager support and lack of demand. The price has been at this level since Nov If last year. Turnover declined to 127 tonnes from 235 tonnes on Thursday and the104 words
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Article164 1985-02-09 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2.900 Blue Phoenix 20's 3,000 Blue Phoenix 32's 3,600 Blue Phoenix 40's 3,850 Carded yarn, hank Blue Phoenix 21 's 3,300 Combed yorn, cones Blue Phoenix 32's 4,600 Blue Phoenix 40's 4,800 Open-end yarn164 words
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Article196 1985-02-09 4 SINGAPORE The market closed higher yesterday, with- February One RSS buyers quoted at 167.00 cents per kg, up 1.50 cents from Thursday. The morning market gained 1.50 cents on firmer overseas advices, buying and covering interest of April and May positions. Prices were little changed from lunch-time levels in196 words
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Article366 1985-02-09 4 RAS prices (in S cents/kilo, FOB in bale*) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 165 50 166 50 166 00 167 OON Int 1 RSS Feb 85 166 50 167 50 167 00 168 00 Int 1 RSS Mar 85 172 00 172366 words
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Article140 1985-02-09 4 MALAYSIAN crude palm oil prices closed firmer yesterday on late covering and speculative buying after a quiet opening followed an uncertain trend in the Chicago soybean market. February deliveries in the south and central regions firmed M 57.50 and north rose $5, all at $1,190 per tonne. March140 words
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Article134 1985-02-09 4 SOYBEAN futures on the Chicago Board of Trade closed nervously mixed in light trade on Thursday, ranging from up VA US cents per bushel in March to off 2Vi cents in September. March settled at $5.99 being held to a narrow 5V*cent range on the day. Weakness in precious134 words
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Article131 1985-02-09 4 WHEAT futures on the Chicago Board of Trade closed unchanged in March to down IV* US cents per bushel in December on Thursday. March settled at $3.54 after posting a three-cent range. A strong US dollar and weakness in precious metals kept wheat prices on the defensive all day.131 words
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Article113 1985-02-09 4 (cents/kg, 1-ton February 85 March 85 po" et *)(current mth) (forward mth) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 163 50 165 50N ***** 167 50N SSR 50 161 50 163 50N 163 50 165 50N MRELB Buyers Sellers Buyers Sellers SMR CV 197 50113 words
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Article892 1985-02-09 4 COFFEE Robusta futures ended a subdued featureless session on Thursday with losses of £18 to £4 in thin volume. May finished at £2,383, down £10. Contracts closed around the lows of a narrow traded range, influenced by declines in New York and steadier sterling against the dollar. Physical892 words
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BANKING AND FINANCE
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Article, Illustration198 1985-02-09 5 DBS BANK has decided to project a uniform front-line corporate image to the public. It has introduced an all-ma-roon maternity uniform for its expectant tellers. The uniform looks like the short-sleeved version of the blouse of the normal teller uniform, except that it is198 words
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123 1985-02-09 5 DBS BANK will be setting up a branch in Raffles City to coincide with the opening of the complex in the second half of this year. The new branch, occupying three floors, will cater to the needs of the hotel guests,123 words
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573 1985-02-09 5 SOH TIANG KENG - By SOH TIANG KENG Banking Correspondent FINANCIAL FUTURES provide companies, individuals and banks with useful tools for controlling risks in currency and interest rate markets. But when used improperly for hedging, the results may be more disastrous than uncovered risks on foreign573 words
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660 1985-02-09 5 Reuter FOREIGN BANKS in Canada saw their profits rising moderately last year, but are worried now that regulators are forcing them into a costly new area of lending that could depress future profits. The Office of the InspectorGeneral of Banks,Reuter - 660 words
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188 1985-02-09 5 Reu ter A TWO-MAN TEAM from the International Monetary Fund is holding talks with Philippine central bank officials and private bankers aimed apparently at finding out whether interest rates can be cut to encourage domestic growth. Banking sources in Manila said yesterdayReu ter - 188 words
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158 1985-02-09 5 FT THE BANK OF ITALY has moved to stamp out speculation that the country is considering seeking a devaluation of the lira within the European Monetary System, saying that "a policy of devaluing the lira is completely out of place". The lira,FT - 158 words
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MONEY AND EXCHANGES
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Article650 1985-02-09 5 SINGAPORE The US dollar recovered against major European currencies yesterday in thin late trading to close narrowly mixed compared with New York's levels. The dollar closed marginally lower at 3.2425/35 marks against New York's 3.2430/40 close but a shade firmer at 2.7595/7605 Swiss francs against 2.7580/ 95. It650 words
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Article49 1985-02-09 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Feb 11 to Feb 15. Offered: $65,000,000. Applied fer: $99,960,000. Alletted: $65,000,000. Accepted bids: $99.27 approximately 64 per cent; higher bids in full. Average rate d disceaat h allotment: 2.925 per cent per annum.49 words
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Article119 1985-02-09 5 THE OVERNIGHT rate on the Singapore interbank money market fell by 1/2point from Thursday to close at 5 per cent yesterday. The one-month term rate rose by 1/4-point while the two and three-month term rates rose by 1/8-point each. -N S$ interbank rates at 3pm yesterday Offw Bid119 words
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Article, Illustration310 1985-02-09 5 Asian market ASIAN dollar deposit rates closed firmer yesterday than Thursday's levels in moderate trading due to bidding and short-covering interest. One month closed at 8-13/16 8-11/16 per cent, up 3/16 from Thursday night, three months at 9-3/16 9-1/16, up 1/4 and six months at 9-9/16 9-7/16 up 5/16. Short-dates310 words
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Article230 1985-02-09 5 Interbank rates at 3pm yesterday. < Local doHors to om unit of for— 9* 1rdey roeo parity ClUn currency: -1990 US dolor 2 2585 2.2605 2 8196 Sterling pound ***** 2 5222 ***** -6573 Austrafion dolor 1 7525 1 7564 3 4286 -48 89 NZ dolor 1 0400230 words
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Article357 1985-02-09 5 BA Futures Inc EURODOLLAR futures came under strong selling pressure yesterday at the opening which saw the March contract gapped eight ticks lower from CME's close at 90.58. It tested support level at 90.55 before recovering slightly to close at 90.58. On technical consideration, Eurodollar futures is bearish withBA Futures Inc - 357 words
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Article190 1985-02-09 5 HONGKONG The metal closed marginally higher yesterday in very quiet trading reflecting the easier tone of the US dollar. It closed at U*****.50/ 301.00, compared with its previous close here at $302.40/80. Gold on the local market lost HK$lB to close at $2,804 a tahil. Krugerrands slipped $15 to190 words
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Page 5 Advertisements
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Advertisement6 1985-02-09 5 Th« iHvtr quotas war* unavailable ynttrday.6 words
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Advertisement183 1985-02-09 5 Golden Phoenix m CHAD ZHOU Em -:Ui GARDEN |£fe M RESTAURANT Chao Zhou Cuisine Capture the classical charms of Chao Zhou. Our exquisite clay tea sets specially imported from Mainland China enriches the fine art of drinking Chinese tea Chao Zhou Dian Xin prepared and served the provincial way are183 words
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TIME-OFF
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Article514 1985-02-09 6 IT IS TOUGH being a motorist in Singapore. For months we have been filling up hoping for the other half of the coupon to make us rich. Now, almost without warning, the petrol companies say: "No more lucky draws." We're back to bars of soap,514 words
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Article, Illustration611 1985-02-09 6 ANNA TEO - To thousands of fitness fiends in Singapore, aerobics has become a way of life. And what you wear to your keep-fit class has become almost as important as what you do there. Your trusty T-shirt, shorts and jogging shoes aren't quite the stuff. ANNA TEO scouts around to611 words
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316 1985-02-09 6 STRAWS in the Wind JOURNALISTS trying to project an image of themselves as people always on the move and totally dedicated to the job have achieved some measure of success. One letter sent to BT recently was marked "Attn: News Desk, Editorial Road"316 words
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Article200 1985-02-09 6 Insight Guide: Continental Europe, Apa Production*. 388 pages. Reviewed by SHAHRtR ARIFF THIS publication is a little different from other Apa travel guides which have concentrated on a particular country. Continental Europe takes the reader through France, Belgium, Netherlands, West Germany, Switzerland, Austria, Italy, Yugoslavia, Greece and200 words
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Page 6 Miscellaneous
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Miscellaneous1142 1985-02-09 6 TO HMD H HIGHLIGHTS Centr*stage: Staged For Laughs Bullshot Crummond 8.90 pm, Channel 12 The Low Moan Spectacular comedy troupe returns with another hilarious play. The spoof this time centres on a fearless, dashing and fumble-fingered British detective hired to rescue a famous scientist from an evil German agent. Directed1,142 words
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Miscellaneous735 1985-02-09 6 CONCERTS JAZZ Concert by the Christof Louer Quortett comprising Christof Louer on the soprano saxophone, Thomas Heidepriem on electric bass, John Schroder on electric guitar and Josef Thones on drum. Feb 13, 8 pm, Singapore Conference Hall. Tickets: $5, $8 and $10. The SSO with Staffan Scheja, Swedish pianist, who735 words
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SPORTS
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633 1985-02-09 7 BRIAN MILLER - The first Penang meeting of the 1985 season gets off today with a well-stocked nine-race card. BRIAN MILLER sees Mustang as the best bet and suggests you go for him solidly in the last race today. BRIAN MILLER WITH nine races lined up633 words
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Article1059 1985-02-09 7 VmmI Berth Arrival Departure MARINA WHARVES KEPPEL WHARVES Bunga Tanjong Catamarca II Langsa Liheng P Lepeshinskiy Wah Fai Jenson Barber Toba Berlin/P Jenson IV Kota Megah Koto Wirawan Pravdinsk Straits Pride 31/2 alongside 9.2/2300 35/6 alongside 9.2/1500 33/4 alongside 9.2/0600 45 alongside 9.2/1500 18 alongside 9.2/0500 29/301,059 words
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Article, Illustration395 1985-02-09 7 AP THREE-TIME world champion driver Niki Lauda of Austria predicted his McLaren racing team would lose its dominance over Formula One racing this year and expected a strong challenge from Italy's Ferrari. "The other cars have improved. Ferrari is very fast, although we stillAP - 395 words
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427 1985-02-09 7 WALTON MORAIS - By WALTON MORAIS MATCHPLAY takes precedence in this weekend's golf calendar with three club 6 holding matchplay competitions at their various courses. The focus of attention will be at Sembawang where the club's four ball best ball 36-hole matchplay final is being played today.427 words
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Article, Illustration626 1985-02-09 7 IN AUSTRALIA today, the majority of share market investors, particularly in the resources sector, have taken a fair amount of punishment over the past few months, forcing many to get out altogether or to look for new, more innovative and rewardingWAN photo - 626 words
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Page 7 Miscellaneous
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Miscellaneous776 1985-02-09 7 watswia-QKaa tsaaosEatDoo CRYPTIC PUZZLE ACROSS 8 Reading a translation of "Super-man" (7) 9 Be informed about, on the blower? (3, 4, 2) 13 Reproved for having given one's evaluation (5) 14 It's still among the finer things of life (5) 15 Later I change a number in it, but it776 words
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INTERNATIONAL STOCKS
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340 1985-02-09 8 Reuter PHILLIPS PETROLEUM Co has rejected Icahn Capital Corp's takeover bid of U5527.50 in cash and $27.50 in subordinated notes for each Phillips share. It says the directors have reaffirmed their belief in the recapitalisation proposal that shareholders will vote on at aReuter - 340 words
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157 1985-02-09 8 Reuter BANKAMERICA CORP has increased its reserve to cover problems associated with faulty mortgage loan pools by US$5B million and, as a result, restated earnings for the fourth quarter and full year 1964. Last year's earnings were lowered to $346 million or $1.77 per share,Reuter - 157 words
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297 1985-02-09 8 Reuter WALL STREET responded on Thursday to the optimistic tone of President Reagan's State of the Union Message by pushing stock prices higher as volume topped 150 million shares. Michael Metz of Oppenheimer and Co said that the speech "created an aura of good feeling"Reuter - 297 words
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Article129 1985-02-09 8 FEB 07 C$ 33* Imp Oi toco tat Prow Pip* 47* 18* 34* 4i* Atgoma 23* 27* K*rr Add 17* Bonk Mont Bonk Novo Scoho M Tet 14 37 unch Lototow B Matsty F*rg 20* 3* BP Can Ltd 26* Motion A 16* Can imp Bk 31* Moor* Cp129 words
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Article190 1985-02-09 8 Fit 07 INDUS! A Alpha Ab«fcexn AE And a 108 unch HALS 750 130 710 305 unch -10 -5 5 Unaec Wootworrh 460 ***** MININGS 2380 5 -45 999S 7100S unch 985 -15 1550 -50 ***** BuHch 6650 -125 CNA 2006 Charter 455 3306 tvich Cora Gold I050S -30190 words
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Article671 1985-02-09 8 FEB 07 US$ ACf Industrie* AJcan Alumei Alcoa Lud Afced Chem Cp AJbed Store* Z 31 37* 28* 39* 53* •f* Ak-Chokntn Am Brandt Inc Am Broadcast Am Can Co Am Cyanarwd Am EIk Pw Am Express Am Horn# Prod Am Moton Cp Am Natural Gat Am Tel671 words
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Article869 1985-02-09 8 Amsterdam FEB 07 Ft. ABN 396 50 ♦IS Aegoo AhoM Akio AMEV 160 00 -0 5 217 00 unch 103 90 1 2 216 50 -3 Amtos Anvobnk Baffc Bob BofVjmn Boiko Burtat Cotond C<*v Dak M* Ekavwr Fofckar Gamma 75 10 +0.7 5350 +0.5 103 00 2869 words
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Article43 1985-02-09 8 Reuter ROWNTREE MACKINTOSH PLC is buying Original Cookie Co, a US retail biscuit business, for US$36 million or around £32.3 million from Cole National Corp. Original Cookie sells biscuits through 150 small shops located mainly in indoor shopping centres. Stockholm pricee unavailableReuter - 43 words
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Page 8 Advertisements
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Advertisement458 1985-02-09 8 c©3l H to wlae* disie aiii n 1 TIWELTHROUGH "nME AT THERGHN3T7VERN r t At the Robin's Tavern. SMASH (torn the Philippines) w« zap you with their latest upbeat tunes of today And to take you down memory lane. SUNNY BALA A THE MOON QLOWS wi bring you back in458 words
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Advertisement141 1985-02-09 8 London stocks, Pags 11 £■< V It' I ii 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 versatile quartet Body M Soul from Philippines. They'll captivate you! appjr Hoam Spa 7pa. 23* off oa141 words
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ASIAN STOCKS
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Article323 1985-02-09 9 HONGKONG: Share prices closed sharply higher across the board yesterday in active trading supported b bargain hunting. The Hang Seng Index rose 35.45 to 1,347.88. Turnover was HK5387.67 million compared with Thursday's $265.75 million. properties led the advance and the property sub-index rose 57.39 to 1,494.04. Cheung Kong gained323 words
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Article223 1985-02-09 9 HI OS MT 4.29 +0.2 Cham Indus Lian Hwo Indut Nan Ya Pta» 1800 1205 29 90 23 40 +0.2 005 -0.1 0.2 Alia Camant 2340 27.30 -0.1 Poahc Elact Wra 18.00 Chang Hwa Bark Chan Loonq 51 50 18.60 0.5 0.2 Pooiung Papor 1 00 16 70 004223 words
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Article323 1985-02-09 9 TOKYO: The Tokyo Stock Market average hit a record closing high of 12,009.01 yesterday as share prices surged forward in active trading encouraged by Thursday's Wall Street rise. The market average rose 68.21 on turnover of 430 million shares against 380 million on Thursday. Buying enthusiasm boosted the average323 words
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Article135 1985-02-09 9 MANILA: Share prices closed mixed in quiet trading yesterday. The Commercial and Industrial Index was down 1.41 at 116.19 but the Mining Index gained 3.73 to close at 742.42 while the Oils Index were up 0.004 at 0.625. PLDT rose to 36 from 35.50 pesos. FIB 08 Acof* M**ng135 words
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Article352 1985-02-09 9 SYDNEY: Weaker commodity prices and uncertainty over the direction of the Australian dollar helped push prices lower yesterday on stock markets despite gains in New York and London. Near the close, the All Ordinaries Index was 5.4 points lower at 772.7, the All Industrials 3.5 at 1166.2 and the352 words
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Article173 1985-02-09 9 BANGKOK: Stock prices firmed in quiet trading yesterday. The Book Club Index rose 0.32 to 125.95. Turnover rose to 210,866 shares from Thursday's 82,565. Maboonkhrong, the day's most active stock, closed 2.50 baht higher at 94. Siam Citizens rose 6.50 to 99.50, Industrial Finance Corp three to 165, and173 words
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Article67 1985-02-09 9 F«b 8 Bar* Seoul Won 610 -4 Hyundai Cor»» Hyundai Motor kal 910 599 524 -3 -3 •1 593 689 8 676 1884 -16 495 10 374 +2 499 4 708 unch 592 2 791 10 570 15 809 6 Gold Star HoniBk 696 675 299 -2 unch +1067 words
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62 1985-02-09 9 Reuter CHINA plans to establish a specialised foreign trade corporation in each of its six motor manufacturing areas to assist in the development of the industry. The r-hina News Service says that the corporations will be based in Changchun, Beijing, Shiyan, Jinan, Shanghai and Nanking.Reuter - 62 words
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Article, Illustration373 1985-02-09 9 FT JARDINE FLEMING has become the first foreign financial institution to enter into a Tokyo-based joint venture with a Japanese trust bank. The new investment advisory company brings together Jardine Fleming, Jointly owned by Jardine Matheson, a Hongkong trading company, and Robert Fleming, theFT - 373 words
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121 1985-02-09 9 AFP GENERAL MOTORS has made progress in discussions with Beijing on the prospects of manufacturing engines and transmissions in China. Vice-president Alvin Goodspeed says that the Chinese have visited the company's plant in Detroit. He described the progress made as "quite aAFP - 121 words
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237 1985-02-09 9 INVESTMENT by US companies in the shares of Malaysian and Singapore companies is on the rise and there is every indication to show they are interested in plantation stocks. Mr Gerhard Wehr, the managing director of the trust and investment division of Chemical Bank237 words
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Page 9 Advertisements
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Advertisement563 1985-02-09 9 'J I I* M >> ar 9S iHF V 55£ a S c,b* < v\ 4', «r 2^Cr I i_! Up tte staircase at Ihe Century Rcik Sheraton. j Follow the sweep of the curving staircase of the Century Park Sheraton and you'll find yourself at the Black Velvet Gold563 words
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Advertisement123 1985-02-09 9 Listen to Great New Sounds at CAIRNHDLL COCKTAIL LOUNGE With Ramon &=> D' New Blackjacks and the 2nd Addition Buy a drink during Happy Hour and the next one's on the house! Our drinks include: Black A* White Premium Scotch, Renault GVB, Pernod 45, Bristol Cream, Peter Heering, Old Oak123 words
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SHARE INFORMATION
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Article, Illustration4110 1985-02-09 10 PERSISTENT profit-taking chipped away some of the strong gains made during the early part of the morning at the Singapore stock market yesterday. However, the market barometers still managed to close marginally higher. The BT Composite Index rose 1.50 points to 724.174,110 words
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Article272 1985-02-09 10 SINGAPORE Rises Indices Satarai In 1 C S Maian Fmllt O C B C M Iwtl J c—» Honadwi SOi Grand Utd HM O U Sa Ua Iwmti 50t M HM AM Cboc Federal Fleet 221 650 230 925 600 201 252 «t 142 396 223 71272 words
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441 1985-02-09 10 SHARE PRICES recovered some ground on the Kuala Lumpur stock market yesterday, thanks to some light covering support. Several situational issues posted moderate gains but overall, the market closed on a slightly easier note. The market opened at around overnight levels and thereafter moved within441 words
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Article3709 1985-02-09 10 BID and offer prices officially listed and business in and reported to the Stock Exchan«e of Singapore yesterday with the number of shares traded shown In brackets In lots of units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT". Big3,709 words
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COMPANY NEWS
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Article, Illustration426 1985-02-09 11 CH ART PIII INT HOCK LOCK SIEW THE BUILDING of a conspicuous bottom-type pattern on the chart of Boustead Holdings Bhd suggests that an important trend reversal from down to up may be in the offing. Over the past month-and-a-half, this stock has been slowly ekingHOCK LOCK SIEW - 426 words
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450 1985-02-09 11 AMY CHEOK - By AMY CHEOK RECENTLY-LISTED Lum Chang Holdings Ltd has turned in a set of heartening interim results, placing the construction-based company in a comfortable position to achieve its full year profit forecast. For the six months to endDecember 1984, the450 words
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Article46 1985-02-09 11 AUSTRAL AMALGAMATED TIN BM: Group pre-tax loss of M 572,000 in the half-year ended Dec 31, 1984, compared with taxable profits of $1.7 million previously. Loss per share of 0.7 cents against EPS of 8.3 cents. No interim dividend will be paid (14 cents previously).46 words
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Article952 1985-02-09 11 SHARE prices opened mixed yesterday with a slightly firmer bias, gathering some support from the continuing steadier trend of sterling and the higher close on Wall Street on Thursday, dealers said. At noon, the FT 30 index was up 5.1 points at 994.3 and the FTSE 100 index952 words
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Article495 1985-02-09 11 THREE MASSIVE development projects of the Multi-Purpose Holdings Bhd (MPHB) group with total costs amounting to billions of dollars, will finally take off. The three projects the city-within-a-city complex in the heart of Kuala Lumpur and two self-contained townships in Kepong and Cheras have just495 words
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290 1985-02-09 11 LORETTA McLAUGHLAN - ■y LORETTA McLAUGHLAN AS EXPECTED, BTR PLC, the UK conglomerate currently bidding about £45 million for Dunlop Holdings PLC, voted against the reconstruction plan at an extraordinary shareholders meeting convened in London yesterday. Preference shareholders were to vote ahead of ordinary shareholders at the290 words
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Article89 1985-02-09 11 SME DABBY BM has announced the resignation of Datuk Mohd Desa Pachl as a director effective on Feb 1 and the appointment on the same day of Tan Sri Nasruddin bin Mohamed as a director. KINTA BELLA8 TIN DBEDGING PLC has appointed Dr Mohammad Abdus Salim bin S89 words
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Article102 1985-02-09 11 HONGKONG Hong S«ng Index Friday 1347.88 Thursday 1312.43 Wwk ago 1356 26 TOKYO Tokyo Dow Jones Friday *****.01* Thursday ***** 80 Week ogo ***** 96 Austrolion Industrials Fridoy 1166.2 Thursday 1169.8 Week ogo 1160.3 NEW YORK Dow Jones Thursday 1290.08 Wednesday 1280 59 Week ogo 1286.77 Standard and102 words
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Article207 1985-02-09 11 £src«rrr Singapara UnM Truat The Commerce 2.26 2.40 The Sovingi Fund 160 1.70 S'pore Prog Fund 0 97 1 03 S'pore Sec Fi«td 143 152 S pore fewest Fund 098 1.04 S'pore Equity Fvnd 0 97 I 03 Asia Unit Trust Mat Invest Fuid 2 35 2.48 Mol207 words
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Article2075 1985-02-09 11 810 and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchanfe yesterday, with the number of shares traded shown In brackets In lots of 1.000 unlU unless duierwlse specified. NNfSTRMLS A Choc (2.708 2.785) AMD (3 30S) Alcom (1.4282,075 words
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545 1985-02-09 12 JOHN LIM - By JOHN LIM Industrial Correspondent SINGAPORE ended last year with its lowest trade deficit since 1979. The $9.79 billion trade gap was the narrowest since a $7.39 billion deficit was recorded six years ago. Last year's narrowing of the trade gap to below the545 words
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366 1985-02-09 12 FOO CHOY PENG - By FOO CHOY PENG THE WORKERS' PARTY is believed to be grooming one of its younger executive council members to succeed Mr Wong Hong Toy as party chairman. The man whom Mr Wong has identified for the post is Mr Low Thia Khiang, a 28-year-old366 words
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304 1985-02-09 12 THE PATTERN of foreign exchange dealing for the past two weeks has been one of caution on the part of Asian and European markets, only to see New York take the US dollar to record heights. This happened again on Wednesday night, shattering chart points304 words
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LATE FILE
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Article47 1985-02-09 12 AP JAPAN and the US will mutually abolish semiconductor tariffs from March 1. On Monday, Japanese Foreign Minister Shintaro Abe and US Trade Representative William Brock will exchange notes that will eliminate the tariffs, currently set at 4.2 per cent on both sides. APAP - 47 words
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Article47 1985-02-09 12 Reuter SEPARATIST guerilla "death squads" have struck again in India's Tripura state bordering Burma and Bangladesh, killing two farmer comrades including a communist politician. The Press Trust of India said yesterday that the latest assassination victim was Binanda Jamatia, a former guerilla. ReuterReuter - 47 words
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Article38 1985-02-09 12 Reuter INDIAN Prime Minister Rajiv Gandhi yesterday ordered a review of all major trade deals over the past five years because of revelations made by suspects in India's spy scandal, said The Patriot newspaper.Reuter - 38 words
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Article46 1985-02-09 12 AP JAPAN yesterday put into service a nationwide optical fibre circuit that will serve as the nucleus of its information network system. Nippon Telegraph and Telephone Public Corp said the 3,300 km cable was constructed at a cost of US$25O million. APAP - 46 words
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Article36 1985-02-09 12 Reuter UNITED NATIONS secretary-general Javier Perez de Cuellar arrived in Sydney yesterday on a week's visit to Australia and New Zealand at the end of a diplomatic shuttle through South-east Asia. ReuterReuter - 36 words
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Article68 1985-02-09 12 Reuter FOUR MINISTERS of an inquiry commission who linked Philippine Armed Forces chief General Fabian Ver and 25 other men to die murder of opposition leader Benigno Aquino will not tesity in court. The Philippine News Agency yesterday quoted Amado Dizon as saying that he andReuter - 68 words
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425 1985-02-09 12 LUCY NO - By LUCY NO THE SALVAGE of Multi-Pak Singapore from receivership is not showing much promise. The $30 million paper mill company stopped operations one week ago, and new investors seem unlikely to show up for the coming week. But shareholders425 words
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532 1985-02-09 12 Reuter OPPOSITION LEADER Kim Dae-Jung was kicked and punched by South Korean security men at Seoul airport yesterday, according to two US Congressmen who flew with him on his return from exile. Police denied they had used violence againstReuter - 532 words
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372 1985-02-09 12 THE Housing and Development Board has halved its required three-year waiting period for reapplication of flats. This is to allow owners of public flats wanting to upgrade to better homes to Join the current line-up of applicants 18 months earlier than372 words
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566 1985-02-09 12 ZHOU MEI - By ZHOU MEI HIGH ON THE agenda of the meeting yesterday between Asean economics ministers and US Trade Representative William Brock was US actions against textiles and textile products from Asean. The issue was discussed at length during the three-hour closed door566 words
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Article58 1985-02-09 12 STOCK PRICES were down slightly on Wall Street in moderately heavy early trading. The Dow Jones Industrial Average was off fractionally to under 1290. Overall, there were a few more losing issues than gainers. Volume was 14 million shares. Phillips Petroleum led the active list, up Hto58 words
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Page 12 Advertisements
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Advertisement211 1985-02-09 12 management iur Everyone...— The Incredible Japanese by C Northcote Parkinson, KM Rustomji and SA Sapre. The economic development of Japan after the war described as the Japanese miracle has stunned the world. What have made it possible are their characteristic methods of organization and management which can be profitably applied211 words
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Advertisement280 1985-02-09 12 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, HAI SUN HUP CO (PTC) LTD of 15 Enggor Street 10-03/04 Realty Centre, Singapore, hereby give notice that in consequence of our client's intended purchase of the vessel "PEGASUS MARU", we have applied to The Registrar of Singapore Ships, under280 words
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Page 12 Miscellaneous
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Miscellaneous49 1985-02-09 12 wiMim Outlook for today: Foir, except for showors in o fow areas m the Report for 25 hours prior to 7 30pm on Feb 8 at the airport: Maximum temperature 32.1 Associated humidity 62 Assodotod humidity Hours cf sunshine Romfoll m millimetres RouifoM this month Roiny days this month49 words
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