The Business Times, 16 February 1985

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, FEBRUARY IS, 1985 60 CENTS
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  • 989 1 An open letter to bankers in Singapore from the Editor of Business Times GENTLEMEN, It may have escaped your notice but you stand accused, by those whom you assiduously wooed as customers over the last four years, of failing to act
    989 words
  • 447 1 A RECORD 445 companies faced winding-up action last year and companies are now being wound-up at the rate of two a day. Up till yesterday, 80 petitions to wind-up companies had been filed 'and petitions by creditors are still pouring in at the
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  • 161 1 Bernama BANKS in Malaysia are too collateral-conscious,disregard-ing assets such as quality people and entrepreneurship, which make a company tick. The "victims" of this negative attitude are the small businesses which find it difficult to come up with collateral such as property or fixed deposit. Lamenting this
    Bernama  -  161 words
  • 779 1 BUSINESSMEN are becoming increasingly loud in their condemnation of banks. They claim the banks are slowly strangling those with perfectly sound businesses and mercilessly dispatching those who have problems. Credit lines, they say, have been slashed by as much as 50 per cent and interest
    779 words
  • 297 1 RESTRICTIONS on Housing* Development Board residents buying private non-residential land and properties were lifted by the new Cabinet yesterday. Those who live in, or are applying for, public housing are now free to buy any private properties, with the exception of
    297 words
  • 56 1 mm GJMi®? THE SINGAPORE stock market rese slightly yesterday after fear straight days sf deeMaes. Trading was featareiees The BT Ceanpsstte ladex reee 1.72 pslat te 71«.« while The Stralte Times ladastrtal ladex added 1.22 peiats te 8M.14. Vetame was light at millisa salts. Gainers
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  • 167 1 KHOO TECK PUAT's bid to take over Wheelock Marden has provided the Hongkong stock market with the very catalyst it has been waiting for. Stock prices yeaterday crashed through an 18month high to hit 1,405.93 points on the Hang Seng Index. The barometer was up
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  • Page 1 Advertisements
    • 72 1 Sponsor: SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention Organiser: ©INTERFAMA PTE LTD Tel *****12 •j?rr J#'. AEcco shoes are available at selected department and shoe stores. Sofc Agent for ASEAN countries STANLEYS CO (PTE) LTD IKO Pa\a I char Road ««Mls Vi (iiian# h actor*
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    • 271 1 mm MONEY EXCHANGES 5 SPORTS 7 SHIPS IN PORT 7 THE LEISURE MARKET is definitely one that needs watching, with advertising expenditure for this sector (sporting goods, hobbies, toys and games) shooting up 26 per cent to $9.81 million last year. Page 2 VIETNAMESE troops and tanks have captured the
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    • 12 1 Full report, Pag* 10 Intl stocks, Pago 8 Asian stocks, Pags 9
      12 words
    • 177 1 MEMC ASA *5 S E Asia's 4ih Int'l Medical. Hospital Dental Equipment Technology Exhibition Conference 18th 21st April 1985 Dynasty/ Hyatt Hotels Singapore Organiser: ©INTERFAMA PTE LTD Tel: *****12 Industrialists pessimistic about 2nd quarter, Back Paga Avsrage pay Kits $1,000 mark, Back Paga Wishful thinking? No! Wayfoong thinking For most
      177 words

  • HOME NEWS
    • 327 2  -  The category now ranks eighth among advertisers By TSANG SAU YIN THE LEISURE MARKET is definitely one that needs watching. Advertising expenditure for this sector (covering sporting goods, hobbies, toys and games) shot up 26 per cent to $9.81 million last year. The gain
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    • 117 2 A TOTAL of 14,500 telephone numbers will be changed on March 14 at about 8.00 am. Numbers starting with "62" and "63" will be changed to "472" and "473" respectively. The last four digits will be retained. Another 700 telephone subscribers in the Ama Keng Telephone
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    • 253 2 ANEW 15.1 million computer ised mapping system will be the nerve centre of the Public Utilities Board's mapping and information system. This system will eventually replace the present manual system which requires 70 draftsmen to update and maintain the sets of utility maps showing details
      253 words
    • 122 2 ALL THE 72 units of the Housing Development Board's new-design flats were taken up in the past two weeks. At a press briefing yesterday, a HDB spokesman said 72 flats 40 with three rooms and 32 with four rooms each were offered in three selection
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    • 203 2 CANNED LONGANS in heavy syrup, canned pork meat, beauty soap... These are some of the 10,000 cartons of food and sundry items put up for sale after Yak Mong Trading went into receivership. The goods form the second and final part
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    • 64 2 CAMERA enthusiasts, 192 of them, sent 360 entries for the "Celebration of Christmas and New Year" photographic competition. The Minister of State for Trade and Industry, Dr Wong Kwei Chong, will present the prizes at the Century Park Sheraton today. The winning entries will be displayed.
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    • 425 2  -  By JOANNE YAP THE ANNUAL Lunar New Year rush has seen Perth, Western Australia, joining more traditional centres such as Lake Toba, Bali and Thailand as a major destination for holidaymakers. The weakness of the Australian dollar and the availability of
      425 words
    • 115 2 TRAVELNEWS ASIA, a travel trade magazine published by the Far East Trade Press Ltd, is sponsoring a $25,000 survey on major travel trade publications in South-east Asia. Sponsorship will not be restricted to Travelnews Asia. However, it said it would bear the full cost should there
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    • 221 2 AUSTRALIA'S Northern Territory Tourist Commission has set up an office in Singapore to attract more Asian visitors to the state. The commission said the Northern Territory (NT) attracted only 6.2 per cent of the 943,900 overseas visitors to the country. It will, therefore, be the Singapore
      221 words
    • 216 2 MORE THAN 400 surgeons from the South-east Asian countries, Japan and Australia 'will meet in Singapore from Feb 24 to 28 for the sth Biennial General Scientific Meeting of the Association of Surgeons of South-east Asia. A wide range of general surgical thtemes, including trauma,
      216 words
    • 148 2 ELECTRONIC DATA professionals may have to sign "voluntary survellianee" contracts with their companies in the near future to allow their companies to check on them. This includes the monitoring of their telephone calls and recording of their keyboard work. This suggestion was made by
      148 words
    • 89 2 THE regional headquarters of LTX Corporation in Singapore has moved to new premises five times the size of its former office in Ang Mo Kio. The regional office, set up in 1962, is now in Boon Siew building along Bukit Timah Road. LTX Corporation, a
      89 words
    • 61 2 THE Oversea-Chinese Ranking Corporation will open its first Osaka branch on Feb 19. The branch, which will be headed by branch manager Mr Hui Peng Seng, is the bank's second branch Ln Japan. Full banking services will be provided, including deposits, foreign exchange, remittances, trade
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    • 440 2 G SURA JAN has been appointed general manager of Thomas Cowan Co Pte Ltd. STEVE LYONS, managing director of Burson-Marsteller Public Relations Kuala Lumpur since 1962, has assumed the post of managing director of both Burson Singapore and Kuala Lumpur. Mr Lyons, who will be based in
      440 words
  • Page 2 Advertisements
    • 58 2 3s*, i 0 s qgsg&ff* The bold new look from Arnold Palmer. Racy colours or soft pastel shades, that's the Charge range by Arnold Palmer. In cool, cool mercerised cotton to keep you casually comfortable all day or all night long^ It's a look that says A) you're in charge,
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  • OVERSEAS
    • 358 3 UPI CHINA HAS intensified military provocations along the SinoVietnamese border to give "a due lesson" to Vietnam. The Chinese statement came as Vietnamese troops in Cambodia closed in on Beijing-backed Khmer Rouge forces attempting to hold their last major guerilla base along the Thai
      UPI  -  358 words
    • 323 3 AP THE CRISIS facing Unesco as a result of the US withdrawal and warnings by other nations they may pull out threatens the existence of the organisation and the whole UN system, says India. "We are faced with a situation that must change
      AP  -  323 words
    • 249 3 Reuter THE South Korean government is considering lifting a political ban on Kim Dae-Jung and 13 other leading opposition figures. The influential newspaper Chosun Ilbo on Thursday attributed its report to government sources but a spokesman for President Chun Doo Hwan's government
      Reuter  -  249 words
    • 356 3 Reuter VIETNAMESE troops and tanks have captured the Phnom Malai mountain stronghold of Khmer Rouge guerillas in western Cambodia and are mopping up isolated pockets of resistance. Thai military officers in the border town of Aranyaprathet said yesterday that the Vietnamese seized Phnom Malai late Thursday
      Reuter  -  356 words
    • 414 3 Reuter THE REAGAN administration has decided against a plan to dump surplus US dairy products on the world market to punish New Zealand for barring visits by American warships. Under-secretary Daniel Amstutz said the proposal was considered but rejected. US
      Reuter  -  414 words
    • 807 3 ARRIVALS Operator Service Local From SIA SQII 0»)0 LAX/TYO PAA PA5 0155 JFK/SFO/HKG CAL Q333 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 5V378 0920 JED/RUH MAS MH671 0935 KUL MAS MH811
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    • 281 3 UPI ISRAELI Prime Minister Shimon Peres has criticised upcoming talks between the US and the Soviet Union on the Middle East. Mr Peres said yesterday that the Soviets had taken a "onesided position" in favour of Arab interests. The US State
      UPI  -  281 words
    • 206 3 Reuter JAPAN'S simmering gangland feud has resurfaced with the arrest of two gangsters in Osaka on suspicion of planning to murder a rival crime chief. Police in Tokyo said yesterday that the two men arrested on Thursday night were members of the Yamaguchi-Gumi, Japan's
      Reuter; Reuter photo  -  206 words
    • 204 3 AP LECH WALESA said the police raid in which seven senioi* Solidarity figures were detained had not deterred him from holding another clandestine meeting with union activists to map plans for a 15-mfnute nationwide strike against food price increases. Mr Walesa, who was released immediately after
      AP  -  204 words
    • 258 3 UPI THE SON-IN-LAW of the former Soviet President Leonid Brezhnev has been removed from his key position in the ministry directing the police, a Soviet official confirmed on Thursday. Yuri Churbanov, 46, First Deputy Minister in the Interior Ministry and husband of Mr Breznev's
      UPI  -  258 words
    • WORLD IN BRIEF
      • 65 3 SYRIA has said that American Journalist Jeremy Levin, kidnapped in Beirut a year ago, would be handed over to the US ambassador in Damascus yesterday. The official Syrian news agency Sana quoted Foreign Minister Farouq alShara as saying that Mr Levin had taken "refuge at a Syrian military
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      • 74 3 A GROUP of American experts on terrorism has said that the recent wave of apparently coordinated terrorist attacks across Europe could be orchestrated by a Soviet satellite nation and may be linked to the KGB. The group concluded that state-sponsored terrorism rivals arms control as the biggest international
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      • 46 3 THE Sri Lankan government yesterday announced a news blackout on the activities of protesting students. A ministry statement said all news relating to universities and student activity must be submitted to a newly-appointed censorship authority. For- eign correspondents would be exempted from the regulations.
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      • 59 3 THE International Court of Justice has chosen Nagendra Singh of India, one of its 15 judges, as its president. Guy Ladreit de Lacharriere of France was named vice-president of the bench, which is also known as the World Court. Both terms will end in 1988, and both judges
        59 words
      • 54 3 THE Soviet Communist Party newspaper Pravda has charged that western support for Afghan guerillas is a threat to Russian security and that Soviet troops are in Afghanistan to protect Soviet borders. Moscow has previously compared Soviet interests in Afghanistan to the national security interests the US says it
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      • 61 3 Agencies NORMAN WILLIS, leader of Britain's labour movement, tried as an honest broker yesterday to get peace talks resumed in the country's 11-month-old miners' strike. He was to put to strike leaders a formula for talks drawn up in four or five secret meetings this week with the
        Agencies  -  61 words
    • 613 4 UPI A LOOSE NETWORK of businessmen and modern-day buccaneers is illegally funnelling an increasing amount of restricted Western technology to China using Hongkong as a conduit to camouflage the sales. Law enforcement officials and diplomats in Hongkong said the items range from
      UPI  -  613 words
    • ECO – NOTES
      • 82 4 JAPANESE corporate capital spending will rise 4.6 per cent in the first half of this year after an estimated 4.9 per cent rise in the latter half of last year and will be 10.6 per cent up from a year earlier. The Economic Planning Agency, in its quarterly
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      • 73 4 JAKARTA has expressed the hope that Japan would not reduce its purchases of Indonesian oil. Minister of Mines and Energy Subroto said: "Japan some time ago promised that at least 15 per cent of its oil necessities would be supplied from Indonesia." Mr Subroto was speaking after the
        73 words
      • 59 4 JAPANESE voluntary quotas on car exports to the US market have cost the US consumer around US$l5.7 billion in higher prices since 1981. A new government study, compiled by the US International Trade Commission, shows that without restraints, Japanese car makers would probably have been able to
        59 words
      • 78 4 AMERICAN oil imports fell 16.9 per cent in January from a year earlier, as purchases of foreign oil were postponed because of uncertainty about falling oil prices. The American Petroleum Institute said yesterday that imports averaged 4.277 million barrels a day last month against a daily average
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      • 63 4 Agencies A TOTAL of 40,392 Filipino workers were retrenched last year, against 18,047 in 1983, because of permanent or temporary closure of companies in financial difficulties. The Ministry of Labour in Manila said yesterday that a total of 2,212 companies ceased operations last year, 205 of them permanently,
        Agencies  -  63 words
    • 238 4 UPI JAPANESE Prime Minister Yasuhiro Nakasone has told legislators that the country will cooperate in the US strategic defence initiative in line with an existing military technology transfer agreement, if requested by Washington. A Foreign Ministry spokesman said
      UPI  -  238 words
    • 223 4 AFP A LAWYER in the Benigno Aquino murder proceedings yesterday asked the court to dismiss a contempt of court motion filed against him by one of the accused military officers. Lawyer Lupino Lazaro represented the family of Rolando Galman in the Aquino
      AFP  -  223 words
    • 160 4 Reuter THE US DOLLAR'S rise against European currencies does not prove that European economies are weak. Organisation for Economic Cooperation and Development secretary-general Jean-Claude Paye said at the end of an official visit to Denmark yesterday that it was arguable whether declining currencies
      Reuter  -  160 words
    • 188 4 Reuter SWEDEN'S Social Democratic government plans to tighten already stringent laws limiting investment by Swedish companies in South Africa. The action is intended to express Sweden's abhorrence of the republic's apartheid policies. A Bill to be debated by Parliament next Wednesday
      Reuter  -  188 words
    • 205 4 AFP OPPOSITION members of the Philippines parliament have filed a criminal complaint of economic sabotage against Philippine sugar czar, Roberto Benedicto, and five others for alleged sugar smuggling. The National Ombudsman's Office confirmed that the complaint was filed before it on Thursday. Mr
      AFP  -  205 words
  • Page 3 Advertisements
  • Page 3 Miscellaneous
    • 63 3 Doonesbury HI .THERE, MEN. MM? IF I CHOW POUNHJfTHVOU* NOT AT ALL,samK. S 'fef HMBA SEAT. w f JUST PUT IN A fWHOURS ON iHß"\mra»€r' 7WNKIHNALLY 6OTTHEHANSOF Si THE FOOT RESTRAINTS BY GARRY TRUDEAU SEEMS UKB THE TRAININ6 JUST GOE&ONFOR&ER, poesnt it? how LON6HAVEVOUBEEN WTIN6TO6OUP, TUB HELL VOUSAfODU SHOULPHA& JUST
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  • RAW MATERIALS
    • 139 4 Chineee Produce Robusta 20/25% 477.50 Exchange FOB NSW (StHici ww doiiM price* on Feb Nutmeg 15. S$/100 kg) 110 FOB NSW E W FOB NSW 438.00 221 00 Coconut oil Gombier BufcFOB 155.00 FOB NSW Old drum FOB 168.00 330 00 New drum FOB 172.00 Copra MixodOoose) London
      139 words
    • 282 4 Singapore A-l special C-l special C-l Ordinory Loom an 100% 177 (S$/kio, tx-9odown) Thai white unq unq 100% 1st doss first grade unq (kangaroo) 100% second grade 225 new crop 0.96 100% third grade unq 100% 2nd class 100% 3rd ctau 0.70 0.65 Parboiled 227 25% new crop No
      282 words
    • 79 4 THE Knb Lemper U» price ruMiied at ike rTC fleer level ti Ms2i.ls per kile yesterday. The keffer stockmaaager wee ageto the Mle buyer. Turnover wae 112 teaaee, eempared with IM ea Thareday. A higher ttm eleee la Leiiei aad sterttag's reeevery agalaet the rlagglt aarrewed the leeal
      79 words
    • 161 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16'* 2,650 Blue Phoenix 20's 2,800 Blue Phoenix 32's 3.350 Blue Phoenix 4Cs 3,700 Carded yarn, hank Blue Phoenix 21's 2,800 Combed yarn, cones Blue Phoenix 32's 4,450 Blue Phoenix 40's 4,600 Open-end yarn Blue
      161 words
    • 189 4 SINGAPORE The market closed lower yesterday with March One RSS buyers quoted at 168.00 cents per kilo, down one cent from Thursday. The morning session lost 1.25 cents on lack of buying interest in quiet trading. Prices lost further ground in early quiet afternoon trading on absence of new
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    • 348 4 RAS prices <« s c«m/Mo, fob w«) NOON CLOSE Buyers Sellers Buyers Sellers Int I RSS Prompt Int 1 RSS Mor 85 163 00 164 OON 163 00 164 OON 168 00 168 25 168 00 168 25 Int 1 RSS Apf 85 172 75 173 25
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    • 150 4 MALAYSIAN crude palm oil prices closed slightly higher yesterday on late covering in continued thin trading. Most operators were sidelined ahead of the Chinese new year holidays next week. February deliveries in the south and central rose MJ2.50 to $1,195 per tonne, while March in the south closed
      150 words
    • 126 4 WHEAT futures closed with sharp losses of IVt to three cents per bushel on the Chicago Board of Trade on Thursday, near the day's lows on mixed selling against a background of bearish technical and fundamental signals. March ended with the steepest losses at $3.45 V«. Rumours that Turkey
      126 words
    • 104 4 SOYBEAN futures eased late from early highs to close seven to 3 1 cents per bushel lower on the Chicago Board of Trade on Thursday. March settled at |5.73 "4 after posting a 9 3 < -cent range on the day. Weakness in the soyoil pit and a steadying
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    • 111 4 (cants/kg, 1-ton pi March 85 April 85 (current mth) (forward mth) NOON NOON S«*tn RAS Buy«r» Buyers Stile re SSR 20 167 00 169 OON 168 50 170 SON SSR 50 165 00 167 OON 166 50 168 SON MRELB B*y«n Siim Buyers Sellers SMRCV ***** 2I2
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    • 716 4 COFFEE Robusta futures ended Thursday afternoon with losses of £16 to £4 a tonne, apart from September, which was.jip one. May finished at £2,391, down 10. Prices drifted lower from the opening, influenced by a weaker New York close and slight gains in sterling against the dollar. Morning
      716 words

  • BANKING AND FINANCE
    • 407 5 NYT BRAZIL'S bank creditors have postponed completion of a restructuring of about U5545.3 billion in debt until Brazil comply with an austerity programme monitored by the International Monetary Fund, banking sources said on Thursday. Although disappointed by the compliance problem, bankers are optimistic that Brazil
      NYT  -  407 words
    • 140 5 Reuter THE HONGKONG Cemmedlty Exchange (HKCE) has applied far the right to trade hi tares to new iastraments, Including Interest rates, —hi aad kmgerraad gskl eeias. Exchange ehalrmaa Kim Cham says the exchaage has •eat prifiMli to the geverameat ea tws interest rate
      Reuter  -  140 words
    • 446 5 Document is drawn up after months of intensive talks WAN THE Australian Reserve Bank's outline of prudential supervisory needs for the future is a clear pointer of the standards it will expect of new foreign banks. According to banking sources, the document is the result
      WAN  -  446 words
    • 349 5 FT INTERNATIONAL bank balance sheets have become much less liquid as a result of rescheduling operations for developing countries. According to figures released on Thursday by the Bank for International Settlements (BIS), short-term lending outside the main industrial countries fell by US$ll.7 billion
      FT  -  349 words
    • 280 5 Reuter AFP GROWING INTEREST by West German banks in the booming European Currency Unit (ECU) business could eventually force the Bundesbank to give up its reservations on the use of the European Economic Community basket currency. Mr Andre Swings, the general manager at ECU
      Reuter; AFP  -  280 words
    • 130 5 NYT EGYPT has fallen seriously behind in payments on its US$4.5 billion military debt to the US and now owes between $250 million and $300 million in interest. Financial authorities in Egypt declined to say how many payments, or parts of payments,
      NYT  -  130 words
    • 96 5 Bernama BANK NEGARA's gold and foreign exchange dropped to M 58.705 billion on Jan 31 from $8,822 billion on Jan 15. The bank's latest fortnightly balance sheet shows that its holding of federal government securities fell to $4,829 billion from $4,935 billion while its holdings of
      Bernama  -  96 words
    • 90 5 Reuter AP BANGKOK BANK, Thailand's largest commercial bank, has raised its interbank lending rate one percentage point to 16.5 per cent. The bank said the increase, the second in two days, reflected a seasonal tight money market and a general tendency of Thai borrowers to
      Reuter; AP  -  90 words
  • MONEY AND EXCHANGE
    • 619 5 SINGAPORE The local dollar strengthened to a late 552.2415/45 against the US unit yesterday from an early 2.2545/55 and Thursday's close of 2.2590/2600. It closed firmer at 5587.90/88.05 per 100 ringgit compared with its overnight level of 88.40/50 and at 5528.75/85 per 100 Hongkong dollars against 28.95/29.00. The
      619 words
    • 209 5 Interbank rates at 3pm yesterday. Locol dollars to on* unit of focttQfi lordny sreee pertly ekenge US dolor ***** ***** 2 8196 -20 45 Sterling pound 2 4605 2.4672 7.3469 -66.51 Australian dolor 1.6687 1 6733 3 4286 -51.33 NZ dolor 1.0194 1 0223 3 4286 -70 27
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    • 180 5 *NMCMB Mm mraf* tt I» print Indnf rfttt if 12 Mjir Ms fell it ippi us$ Off«f Kd 7 days 8 5/8 8 1/2 1 month 8 5/8 8 1/2 2 month* 815/16 813/16 3 months 9 8 7/8 6 months 9 3/8 9 1/4 9 months
      180 words
    • 124 5 THE OVERNIGHT rate on the Singapore interbank money market fell by point from Thursday to close at 5Vi per cent yesterday. The one-month rate closed at 513/16 while the two-and three-month rates closed at a uniform 515/16 per cent. S$ interbonk rotes ot 3pm yesterday Offer Bid Overnight
      124 words
    • 331 5 BA Futures Inc BOLSTERED by the lower than expected increase in US money supply, Bmiil lar futures opened higher yesterday. The March contract rose to 90.87 but a bout of profit-taking pushed it down to 90.85. It closed at the day's low o(90.81. Prices are, however, expected to trade
      BA Futures Inc  -  331 words
    • 245 5 HONGKONG The metal closed moderately higher in very quiet trading yesterday ahead of the weekend and the Chinese New Year holiday next week. Dealers said the strength also reflected the weakness of the US dollar, with American bullion houses showing some buying interest. Local traders also made small purchases
      245 words
    • 53 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Feb 18 to Feb 19 and on Feb 22. Offered: $80,000,000. Appied tor: $87,500,000. Allotted: $80,000,000. Accepted hids: $99.27 approximately 91 per cent; higher bids in full. Average rale ef dlsceaat ea aUeUneat: 2.930 per
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  • Page 5 Advertisements
    • 173 5 Running short of good ideas? f a t 4n Impurities, dust and germs in the air cause bleary eyes and create a general feeling of drowsiness and lethargy. When such a feeling pervades your conference, the ideas presented are likely to be just as bad as the air itself. Now
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  • TIME – OFF
    • 505 6 THE National Trades Union Congress has been addressing the problem of declining union membership for a year now with little success. Weakening trade unionism may be a world trend but has been exacerbated here by the tightness of the labour market. Thousands of younger workers have
      505 words
    • 490 6  -  Chinatown lights up for the Lunar New Year By ANNA TEO CHINATOWN will reverberate with the defeats and victories of dynasty warlords, feuding states, legendary dragons and lions this week, but felicity prevails in all. It is, after all, the celebration of the year for
      490 words
    • Article, Illustration
      647 6 CONCERTS The SSO with Staffan Scheja, Swedish pianist, who has performed extensively both in chamber music and as a soloist in Europe, the US and Japan. Programme: Don Juan, Op 20 (Strauss), Concerto for piano and orchestra No 2 in F minor, Op 21, (Chopin) and Symphony in
      647 words
    • 342 6 STRAWS in the Wind CATS are elegant, welldressed and essentially feminine. They are good at sitting quietly and listening. They enjoy a quiet life, but there is a point beyond which they will not allow themselves to be pushed, and will show their claws
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  • Page 6 Advertisements
    • 107 6 This announcement appears as a matter of record only. (A WHOL J TRADING PTE LTD LY-OWNED SUBSIDIARY OF P W ENTERPRISES S SDN BHD) SYNDICATED GUARANTEE FACILITY OF MYR44,000,000 SYNDICATED TERM LOAN FACILITY OF MYR41,500,000 Arranged by PERMATA CHARTERED MERCHANT BANK BERHAD Arranged by PARIBAS SOUTH EAST ASIA LTD. Guarantees
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  • Page 6 Miscellaneous
    • 778 6 CRYPTIC PUZZLE ACROSS 9 A word of wommg spoken to the previous one (9) 10 For the motor question, have the mother n and the children (4, 5) 12 A seat in class (4) 13 Get a kick, or smack (6) 14 Somehow tether, with the ring, to that (7)
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  • SPORTS
    • 607 7  -  Overnight leader Karin lags behind in Ladies Singapore Open By WALTON MORAIS ROOKIE PRO Kim Shipman overcame a four-stroke deficit to take a twostroke lead going into today's final round of the Ladies Singapore Open golf championship at Jurong yesterday. The 22-year-old American set herself
      607 words
    • 573 7  -  By BRIAN MILLER IT'S HIGH TIME apprentice Luke Danis starts doing something like bringing in winners, maybe. After all, with 10 racing days the equivalent of two-and-a-half meetings of the 1985 season already done, Danis, the riding sensation of 1984, has still to notch
      573 words
    • 251 7 Reuter LOVE makes the world go raud... bat It Is a different matter far a f©ur-year-old gelding. Jut a few mwtfci age Hie held little meaalag far rawfcine Meaiagl aad there were laag «Ma against him receiving aay St Valentine's Day eards. Then along came
      Reuter  -  251 words
    • 301 7 AFP RETIRED former world heavyweight boxing champion Muhammad Ali of the United States, slurring his speech and appearing to move with difficulty, arrived in London from New York on Thursday but refused to talk to the press about his visit when contacted yesterday. A wordy
      AFP  -  301 words
    • 88 7 Reuter TOP SEED Martina Navratilova shook off early doldrums and went on to defeat Carling Basse tt 6-3, 6-3 yesterday to make the finals of the US*l.B million International Players' tennis championships. Navratilova will seek to add the $112,500 first prize today against the winner
      Reuter  -  88 words
    • 921 7 VMMi Berth Arrival Departure KEPPEL WHARVES alongside 16.2/2000 Eogte Blonce 15/6 Koheng 29/30 alongside 16.2/1200 Koto Megah 10/11 alongside 16.2/0600 Mokmur 20W alongside 16.2/0600 Nagano Morn 47 alongside 16.2/1200 Sea Royol 19 alongside 16.2/1100 Taishan 35/6 alongside 16.2/0530 Trans One 6/7 alongside 16.2/0600 Africon Highway 46 16.2/2359
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  • Page 7 Miscellaneous
    • 1102 7 W3 iMi) u t CHANNEL y 12.20 PM SBC Text "Live" Sample Pages 12.40 Opening and Programme Wghights folowed by Sesame Street 1.55 Smurfs (Cartoon/r) 2.25 Saturday Matinee The Rogue and the Grizzly 4.05 ttafian Footbal Juventus vs Roma 5.00 Bintanf Undangan: Kaye Hamid (Malay/r) 5.45 The Al New Popeye
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  • INTERNATIONAL STOCKS
    • 377 8 FT FORD MOTOR is to concentrate its production of agricultural tractors at a UK plant, scaling down the US and mainland Europe manufacturing operations. The move is designed to increase the use of Ford's modern British manufacturing capacity and avoid duplication
      FT  -  377 words
    • 85 8 Reuter THE CHAIRMAN of Phillips Petroleum, William Douce, expects the company's recapitalisation plan to be approved by shareholders. Addressing a meeting of the of Institutional Investors, Mr Douce says that the recapitalisation plan will provide share- holders with a substantial premium in "hard value" for each outstanding
      Reuter  -  85 words
    • 264 8 Reuter watt. STREET share prices closed lower overall on Thursday. The Dow Jones Industrial Average reached 1,303 early in the session, but profit-taking drove the closely-watched indicator lower. It finished at 1,287.88, off 10.04 points from its record-setting pace on Wednesday. Declining issues led
      Reuter  -  264 words
    • 125 8 Fit 14 Abitibi a 41 inch Hud Boy Imp Oi Inco lot Prov 47* IS 33* 24* 41** 22*4 1* 17* 27* 19* -14 Bank Nova Scotia M T«4 14 37*4 unch Monty F«rg 3* 26* -H BP Can Ltd 37*4 9* 16* V4 35* unch 67* -H 31*
      125 words
    • 197 8 Trust Bk 220 unch Fit 14 Un SimI 1056 INOUSTtlALS Uratac Wootworth 455 1360 inch 10 Aborcom 130 715 2 MINK «GS 2335 35 300 100S unch 2200 1500 25 990 15 BuH«H 6325 125 C G Smith 1900 410 -15 215 -5 980 5 340 5 1085 15
      197 words
    • 628 8 FEB 14 US$ rrwMtimil MM 28* -I N L Indust 11* -ft Cp 47* •ft Natl Dot Cham 24* ACF Industries Ale an Aknwi 30* unch -ft unch -ft 1* unch Fvastone Tra 18* 18* -ft -ft Not! Gypsim Co NCR Corp Ntwitionl 44* 29* 43* 66* -ft
      628 words
    • 579 8 Amsterdam FEB 14 FH ABN 395 50 +4 165 30 23 Ahold Akzo AMEV Amtoi 217 30 -0 2 105 00 +0 5 217 00 +1.5 75 00 1 3 iwt, 56 00 +2 Boh Borwjmn 103 30 +0 3 340 00 unch Burtat Colond Coh Oak M,
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    • 189 8 Reuter CHRYSLER CORPORATTON has reported record profits of nearly US$2.4 billion last year, only a few years after the company needed government help to stave off bankruptcy. The announcement by the third-largest US carmaker brought last year's earnings by the industry as a whole
      Reuter  -  189 words
  • Page 8 Advertisements
    • 490 8 ^=\(")!^|,"&'{)*-}(<?)^(.;/=|=@ <oifk&*V r nd Enjoy Our Prompt Efficient Service In Cool, Quiet Cosy Atmosphere WESTERN/ CHINESE/ LOCAL CUISINE Banquets Cater For Lunch Dinner Meetings Wedding Occasions, Birthday Parties At 16/- Onwards Per Person or Other Occasion With Function Rooms (Free of Charge) For 60 And Above. Taped Disco Music for
      490 words
    • 140 8 London stocks, Pago 11 ¥i m V 11 *5" m 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 N Soul from Philippines. They'll captivate youl Happy Hoar*: Spa 7p«t. 25% off
      140 words

  • ASIAN STOCKS
    • 361 9 HONGKONG: Prices closed sharply higher yesterday in very active trading with the Hang Seng index closing above 1,400. It rose 51.54 to finish at 1,406.93, after climbing 56.36 at the morning close. Speculators flooded the rumour-packed market as overall sentiment turned very bullish following Falwyn's general offer for all
      361 words
    • 250 9 Ft! 15 NT 4 150 23 60 +0.19 +0.1 +06 1 Ljan Hwa kxfcjs Nan Ya Ptos 11 80 29 70 2360 +0 1 06 03 Al Smear* Indus Asia Camant Pocific Elact Wira 1780 03 Chang Hwa Bank 5200 Poolung Popar 1 06 1650 002 03 Chan Loong
      250 words
    • 450 9 TOKYO: STEADY gains in active trading yesterday drove the market average to an all-time high of 12,148.29, up 66.60 at the close, after touching a midday record high of 12,148.01. The previous record high of 12,087.57, hit at midday on Thursday, receded about seven points by the close. An
      450 words
    • 100 9 MANILA: Share prices closed generally higher in quiet trading yesterday. The mining marker rose 0.47 to 742.89, the oils index firmed 0.003 to 0.616 and the commercial and industrial index fell 1.89 to 113.97. PLDT fell back to 35 from 35.50. FEB IS Fatoi MonlMl Oriental B Phi Ovtrwot
      100 words
    • 344 9 SYDNEY: The Australian All Ordinaries Index yesterday came within a fraction of reaching the record 787.9 points set last year but heavy selling near the close pulled it down. Just before the close the All Ordinaries index was up 0.9 points at 786.3 points. National turnover was 40.14 million
      344 words
    • 108 9 BANGKOK: Report unavailable. FH IS Mm Stam Cement Snm Oy Cement 521 580 98 50 2 2 15 Ayvithoyo In* 132 unch Thai Commercial Bar* 524 6 Bonk Bank CM Ayudhaya Ltd 208 134 tnch 1 Thai Oanu Bank Tha Formers Bank Then Gfcns 11 238 ♦4 Bert Jucket
      108 words
    • 88 9 Fab 15 Bor*Soo«4 Chohaung Bk Won 600 595 640 -10 -5 ■10 Hyundai Const Hyundai Motor K AL Karoo Firrt Karoo Ol 906 568 518 670 1617 unch Lnch unch •5 -13 Doaim M 494 +6 Karoo Shtp 380 715 2 6 Doawoo tnd Dona Ah Gold Star Hani
      88 words
    • 40 9 Reuter BENGUET CORP has accelerated work on its Paracale gold project in the Philippines following better-than-expected results in the first stages of exploration. If further exploration is favourable, it will start mill construction early next year.
      Reuter  -  40 words
    • 267 9 UPI UNITED TECHNOLOGIES Corp has formed a joint company with a South Korean corporation to overhaul and repair the US Air Force's Pratt and Whitney jet engines in Korea. Samsung-United Aerospace will be based in Korea, as part of a new air
      UPI  -  267 words
    • 311 9 UPI A US FEDERAL bankruptcy judge has ordered Continental Airlines to stop buying up stock in Air Micronesia and has halted litigation between the two air carriers in a court in Saipan. Attorneys for both airlines say that the action by
      UPI  -  311 words
    • 152 9 UPI SATELLITE Business Systems (SBS) has entered into a joint agreement with Japan's Overseas Telecommunications Carrier to provide high-speed communications links between US and Japanese companies. An SBS spokesman says that the deal, subject to approval from the Federal Communications Commission, will make SBS
      UPI  -  152 words
  • Page 9 Advertisements
    • 101 9 BBS; FOR FURTHER INFORMATION CALL *****11 NOW r HP* I t V to COfFEE HOUSE 2nd Floor (§^l Apollo Singapore 405 Havekxk Road Singapore 0316. Trt *****81 5 a K r r* Baron's Table Sunday Brunch... you'll love it! Give mum a break this Sunday and bring the family in
      101 words
    • 275 9 Up the staircase at the Century Parte Sheraton. Follow the sweep of the curving staircase of the Century Park Sheraton and you'll find yourself at the Black Velvet Gold. It's a discotheque with hot sounds and cool drinks, an exceptional laser light show, and the sort of clientele who stay
      275 words
    • 71 9 IVUiyi UveU iDiscotheque/ j A vortex of sight. V and sheer imagery w 4 H.- 4 Ist Drink Charges: Sun Thurs: 9pm 2am; $18 Fri, Sat Eve of Public Holidays: 9pm 3am; $23++ SHU) ExeefSor Hotel 5 Coleman Street. Singapore 0617. Tel: *****33 Spicy and Oriental Hotpots for lunch or
      71 words
    • 76 9 p k Z! 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. MUTON NTbRNATIONAb SMOAPORb r NJ Dine in the grand tradition of emperors I m Where sumptuous meals
      76 words
    • 90 9 i At COFFEE GARDEN... 24-HOUR I HONG KONG DIAN XIN, NOODLES AND CONGEE. SPECIAL ROASTS* AVAILABLE TOO! Also available round-the-clock are delectable local and continental cuisines. MiwitoWr from llam 3pm 4 6pm llpm 19 Cairuhill Grdc Singapore 0922 Tel: 734 6622 OataM restaurant u •"'"IS s, X«w Serving a wide
      90 words

  • SHARE INFORMATION
    • 4170 10 THE SINGAPORE stock market ignored a sharp drop on Wall Street the night before to close mixed yesterday. The indices closed higher after (our straight days of falls. The BT Composite Index inched up 0.72 point to 710.68 while the Straits Times Industrial
      4,170 words
    • 235 10 SINGAPORE Rises Indices Kaxtwcky Spor* 256 22 Fak 14 Fak 15 Ami 2}< 242 +12 it 700 96 7)0 64 trr* b i0< 1ft J" rrwSJST *****95 *****31 1£gL"~ ?J8 :s *£n m»u H Laaag Fa 332 6 gj"*"" 1 2 v*01 2369 64 OmmH* 310 +6
      235 words
    • 472 10 THE KUALA LUMPUR stock market closed on a mixed note yesterday on light covering support and bargain hunting. Trading was relatively quiet and interest was confined to situational issues and recently-listed counters, some of which recorded moderate gains. The market opened on an easier
      472 words
    • 3032 10 BID and offer price» 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 SetUement Contracts are quoted after the word "SETT".
      3,032 words
  • Page 10 Advertisements

  • COMPANY NEWS
    • 573 11 d By HOCK LOCK SIEW CURRENT market favourite j Sigma Metal, which witnessed the sudden advent of Malaysian businessman/politician Tan Koon Swan only days earlier, has triggered off speculation of major developments with yesterday's request for a trading suspension. There are several versions of Sigma's
      By HOCK LOCK SIEW  -  573 words
    • 100 11 HONGKONG Australian Industrials Hong Seng Index Friday 1181.1 Thursday 1177.8 Friday 1405.93** Thursday 1354.39 Week ogo 1166.2 NEW YORK Week ogo 1347.88 Dow Jones Thursday J287Ji8 TOKYO Wednesday Week ago 1290.08 Tokyo Dow Jones Friday 1 2148.29* Standard and Poors Thursday 182.41 Thursday Wednesday 183.35 Week ogo *****.01
      100 words
    • 218 11 Manogers' prices for F«b 16 18 Singapore Unit Trust The Commerce 2.19 2.32 The Sovngs Fund 1.57 1.67 S'pore Prog Fund 0.94 1 00 S'pore S<k Fund 1.38 1.46 S'pore Invest Fund 0.97 1.03 S'pore Equity Fund 0.95 1.01 Asia Unit Trust Thed B'putro 3 96 4 01
      218 words
    • 954 11 EQUITIES opened easier yesterday following the lower close on Wall Street on Thursday, dealers said. The FTSE 100 index at 1200 GMT was down seven at 1,282.8. Banks fell up to 30p after press comment that bank profits will be hit due to the introduction in April of
      954 words
    • 902 11  -  By TERESA LIM Hongkong Correspondent TAN SRI KHOO TECK PUAT is expected to face a tough fight in his bid to take over Wheelock Marden, one of Hongkong's oldest "hongs". Through his Hongkong company, he is offering HK$6 each for
      902 words
    • 210 11 AS EXPECTED, Paper Products (M) Bhd (PPM), through its solicitors, is taking its case with Malaysian businessman Koo Siew Koon into open court for further arguments. BT reported yesterday that Mr Koo, who sued PPM for not honouring an agreement to sell
      210 words
    • 69 11 MING COURT HOTEL Ltd's group pre-tax profits for the year ended Dec 31, 1984 fell four per cent to $5.29 million ($5.52 million) on a 2.8 per cent rise in turnover to $23.11 million (from 122.47 million). Directors have recommended a final dividend of 15
      69 words
    • 2182 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. MDUSTMALS Alex Hldg (1 308) A Choc (2 755) Akop
      2,182 words
    • 129 11 THE NEW 8TBAITS TIMES Ptcm (M) Umtmi: AGM at the Theatrette of the company, Balai Berita, 31 Jalan Riong, Kuala Lumpur on Feb 16 at 11 am. GOODWOOD PARK H*tH Limited: 37th AGM at the Tudor Ballroom of Goodwood Park Hotel, Scotts Road, Singapore on Feb 27 at
      129 words
  • Page 11 Advertisements
    • 108 11 NOTICE FAR EASTERN FREIGHT CONFERENCE SARAH, BRUNEI AHD SARAWAK FREKHT CONFERENCE FAR EAST/CULF OF ADEN AND RED SEA PORTS CONFERENCE x'i t ADJUSTMENT FACTOR A review of currency values on 11/12/13 February, 1985 inclusive has resulted in o rodicol downward adjustment ot the Currency Adjfifclroent Factor from Malaysia and Singapore.
      108 words
    • 355 11 IN THE MATTER OF THE COMPANIES ACT. CAP. 189 PURSUANT TO SECTION 254(2Hb) AND IN THE MATTER OF RAMASHINTA CATERING (PTE) LTD. At an Extraordinary General Meeting of the above-named Company duly convened and held at 6001 Beach Road. *12-01 12-11 Golden Mile Tower, Singapore 0719, on Friday 15th February,
      355 words

  • 762 12  -  By RICHARD SEAH CHARGES of conspiracy have been levelled against banker Wee Cho Yaw and four of his companies in a countersuit fil#d with the High Court by the developers of Goldhill Square. Property developer William Goei and his company, Goldhill Properties, were earlier sued
    762 words
  • 434 12  -  By LORETTA McLAUGHLAN UNITED Overseas Bank Ltd has filed four suits in the High Court in Singapore against former Bumiputra Malaysia Finance (BMF) chairman Mr Lorrain Esme Osman, claiming a total of $21.6 million. A number of suits have been filed in Kuala Lumpur
    434 words
  • 345 12 INDUSTRIALISTS, wbe had expected the first quarter sf this year to be bad, new expect mare of the same tor the second quarter. A is*, pessimists outnumbered optimists tor the first time since the third quarter of 1162, according to the latest Survey of Business
    345 words
  • 415 12  -  By LOH HUI YIN A NEW PRICING formula for petrol could be introduced soon if the Ministry of Trade Industry accepts a proposal by oil companies, which are optimistic of a favourable reply. The proposal is for oil prices to be
    415 words
  • 67 12 WALL STREET stock prices were mixed in early trading yesterday as the broader market continued Thursday's slide. The Dow Jones Industrial Average inched up about half a point to over 1288. Overall, losers held a four-to-three lead over gainers. Volume was about seven million shares. Analysts said
    67 words
  • 65 12 AP TAIWAN has lifted an eightyear old import ban on 14 audio equipment items from Japan. The items included radio broadcast receivers with record players, tape recorder-players, clock radios, car radios, and radio cassette players, Taiwan's Board of Foreign Trade said. The
    AP  -  65 words
  • LATE FILE
    • 65 12 AP THE US DOLLAR fell sharply in London early yesterday in a bout of profittaking that followed nine straight days in which the American 'currency set records while gold inched higher. The US unit tumbled below 10 French francs and dropped nearly two pfennigs against
      AP  -  65 words
    • 35 12 AP LEADERS of Britain's striking miners yesterday conferred with national labour bosses over a new formula that the union's generalsecretary, Peter Heathfield, said could end the 11-month-old walkout. AP
      AP  -  35 words
    • 53 12 Reuter IN SPITE OF the dramatic success of a dissident-back-ed opposition group in this week's national election, confidence in South Korea's economy remains unchanged. Bankers and stockbrokers in Seoul said yesterday that foreign bankers are still willing to lend hundreds of millions of dollars to
      Reuter  -  53 words
    • 64 12 Reuter HUNDREDS of Sri Lankan Tamils have sailed into a South Indian fishing port after fleeing from the island. The Ptcm Trust of India and the United News of India said yesterday that about 400 Tamils had arrived in boats at Rameshwaram in Tamil Nadu
      Reuter  -  64 words
    • 41 12 AFP NINE PEOPLE, including a South Korean, died when a light passenger plane crashed early yesterday in South Kalimantan. A rescue spokesman said that only one person survived the crash of the Britten Norman plane. AFP
      AFP  -  41 words
  • 160 12 A TRADE MISSION by the Paris Chamber of Commerce will make a stopover in May to "study the Singapore market" and this will be followed by a seminar in June on French technology. The second visit will be led by the French
    160 words
  • 479 12 CHARTERED INDUSTRIES, the government-owned arms ammunition manufacturer, is in the final stages of setting up a chip design centre with an American company from Silicon Valley. The conglomerate's electronics arm, Chartered Electronics Industries, told BT that the centre, to be housed in
    479 words
  • 407 12  -  By FOO CHOY PENG AVERAGE monthly earnings of Singapore workers hit the $1,000 mark for the first time in February last year. A Ministry of Labour survey on earnings and working hours shows that workers were paid an average of $1,029 a month or $240
    407 words
  • 248 12 BARELY A YEAR after Joining, Mr George Thia has resigned as director of one of the oldest local stockbroking houses in town, Kay Hian A Co. The outgoing Kay Hian partner will be taking up the post of managing director in the investment banking
    248 words
  • 77 12 THOSE who failed to vote at the last general election have had their names struck off the registers of electors. The lists of these people from the 49 contested constituencies can be inspected tion from Monday at 47 designated community centres, a Housing and Development
    77 words
  • Page 12 Advertisements
    • 194 12 @fcot/unand fjfta/ayAui)<&esJiad (Incorporated in Malaysia) ANNOUNCEMENT Unaudited results of the Group's operations for the half-year ended 31st December, 1984 are as follows July/Dec. 1984 July/Dec. 1983 COMPANY GROUP COMPANY GROUP COMPANY GROUP MSOOO Msooo MSOOO Msooo Turnover 233,071 233,118 196,339 196,339 +18.7 +18.7 MSOOO 196,339 MSOOO 196,339 Turnover Investment and
      194 words
  • Page 12 Miscellaneous
    • 52 12 Outlook for today: Showers in several areas in the afternoon. Report for 25 hours prior to 7.30pm on Feb 15 at the airport: Maximum temperature 32.0 Associated humidity 60 Minimum temperature 24.8 Associated humidity 95 Hours of sunshine 7.10 Rainfall in millimetres Trace Roinfoll this month 42.3 Roiny days this
      52 words