The Business Times, 1 June 1985
1985-06-01
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The Business Times
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Title Section12 1985-06-01 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, JUNE I, 1985 60 CENTS12 words
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460 1985-06-01 1 SWARAN KAPUR - Franchise holder hopes to capture spc of market By SWARAN KAPUR BRITAIN'S leading High Street retailer of clothes, toys ami other essentials for children, subteens and mothers-to-be is moving into the Singapore child-care products market, which is estimated to be worth $300 million. Kim460 words
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502 1985-06-01 1 RICHARD BEAH - By RICHARD BEAH COMPLAINTS against "unethical" advertisements many of which were found to be valid have increased sharply. And bad times are partly being blamed'. Poor business and increased competition are said to have resulted in more advertisements making exaggerated or misleading claims, as502 words
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Article190 1985-06-01 1 THE MAURITIAN Prime Minister, Mr Anerood Jugnauth, will arrive in Singapore this morning. He is here on a two-day visit to discuss industrial cooperation. Mr Jugnauth is accompanied by his wife. Among the members of Mr Jugnauth's delegation are the Mauritian Minister for External Affairs,190 words
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Article118 1985-06-01 1 Bernama PREMIUM PETROL will cost seven cents more per litre in Peninsular Malaysia and nine cents more in Sabah and Sarawak from today. The prices of other petroleum products such as regular petrol, diesel, kerosene, cooking gas and car gas would also be raised byBernama - 118 words
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238 1985-06-01 1 THE New Straits Times Press (M) Bhd has bought 70 per cent in Shin Min Daily News* (M) Sdn Bhd in a move to broaden its existing range of publications. The acquisition of Shin Min, which is the third238 words
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Article, Illustration82 1985-06-01 1 BUYING INTEBEBT MM to return to the Singapore stock feitrktt jeiteNty, altheagh It w»i the lint toy ef (fee aew Mttlcnwit period. Hwrerw, plaatottoa ewnrten •gala backed the tread and efesed a Utile higher after havlag beea qilet fer the past meath. The BT Cempeslte ladex was <towa82 words
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277 1985-06-01 1 Reuter THE Indonesian Parliament has endorsed a controversial law giving President Suharto sweeping powers over hundreds of organisations ranging from trade unions and religious groups to youth clubs. The 'Law on Mass Organisation' gives the government the right to remove the leadership of anyReuter - 277 words
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162 1985-06-01 1 Bernama TAN SRI Basir Ismail, the executive chairman of Bank Bumiputra Malaysia Bhd (BBMB), said that to the bank's knowledge, only four former Bank Bumiputra officials were involved in the Bumiputra Malaysia Finance (BMF) loans affair. Answering questions at a press conference yesterday toBernama - 162 words
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473 1985-06-01 1 JUNE LIM - By JUNE LIM THE Singapore National Shipping Association (SNSA) is not completely satisfied with a new tariff which the Port of Singapore Authority is putting into effect today. The association said yesterday it was "still concerned with a number of* outstanding items which have473 words
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120 1985-06-01 1 THE MCA's ad hoc committee has instructed its secretariat, set up to assist the cleaning up of the party membership register, to send out verification letters to the estimated 400,000 members as quickly as possible. In response to the request, the secretariat, which is manned120 words
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Page 1 Advertisements
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Advertisement164 1985-06-01 1 ASIAPRINT '85 4th International Exhibition of Printing, Graphic Arts Equipment Supplies. ASIAPRINT JUNE 20-23 WTC S'PORE The World's *1 Golf Club, Let's Compare a mjm MiMp h frfchM Tests executed by an American designed swing robot (the most reliable golf testing equipment to date) prove that Yamaha s Carbon Composite164 words
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Advertisement265 1985-06-01 1 SHARE INFORMATION SHIPS IN PORT MONEY EXCHANGES AT LEAST 15 companies in the building industry were wound up and 25 are facing winding-up petitions so far this year, and the shakeout is expected to hit more of the smaller companies. Pagt 2 US Commerce Secretary Malcolm Baldrige has predicted continued265 words
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Advertisement0 1985-06-01 1 |-**:|`{_<$>[[*$)%*$!;@|*~$}@%"0 words
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Advertisement41 1985-06-01 1 ASIAPACK '85 4lh international Exhibition of Packaging Machinery Materials And Food Processing Machinery JUNE 20-23 WTC STORE 190 5—1985 80 YEARS OF BANKING EXPERIENCE IN SINGAPORE TO SERVE YOU BETTER B BANQUEINDOSUEZ 3 Shenton Way. Shenton House Singapore 0106. Tel: *****1141 words
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HOME NEWS
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499 1985-06-01 2 LISA LEE - Economic downturn forcing smaller ones to close By LISA LEE AT LEAST 15 companies in the building industry were wound up and another 25 are facing wind-ing-up petitions so far this year. As the economic downturn takes its toll on the industry, the shakeout is499 words
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Article, Illustration219 1985-06-01 2 FOUR YOUNG Singapore professionals will take part in the 68th Lions International Convention in Dallas from June 17 to 22. Mr Mohamed Rafik, president of Leo Club Central, said this was the first time the club would have a delegation at219 words
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148 1985-06-01 2 A TRADE MISSION from the Bristol Chamber of Commerce and Industry, representing a wide range of products and services, will be in Singapore next week. Among the products and services represented in the mission are mud and brine storage and mixing tanks for the148 words
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407 1985-06-01 2 THE DEVELOPMENT of Batam Island as an industrial state would benefit Singapore, said chief executive of Batam Island Development Authority General Soedarsono Darmosoewito yesterday. In his keynote address at a conference on Batam Island, he said: "The development of the industrial estate is407 words
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249 1985-06-01 2 THE MONTHLY average of glue-sniffing cases reported in the first four months of this year rose to 102 from the monthly average of 68 for 1983 and 1984. Mr Wong Kan Seng, Minister of State for Community Development, revealed these figures yesterday at the249 words
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Article61 1985-06-01 2 THE SINGAPORE Institute of Standards and Industrial Research (Sisir) is reviewing eight sets of Singapore standards. The review, to ensure that the standards are relevant to Singapore's needs, will determine whether they should be confirmed, revised or withdrawn. The institute is also inviting comments from the public61 words
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335 1985-06-01 2 MANY new flats in Yishuh New Town are not sold although the Housing and Development Board's waiting list still has 58,000 names. Because of this, the board is introducing a daily selection scheme whereby any HDB applicant can opt for one335 words
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Article, Illustration164 1985-06-01 2 HERE'S a budding shutterbug for you. Little Eugenia Low is only eleven years old, but yesterday she was mom's pride and joy when she emerged the top award winner in the National Students' Salon of Photography 1985. Works of student shutterbugs are on show at the164 words
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Article86 1985-06-01 2 THE Bedok Central Post Office will be closed temporarily for renovation from June 8. A temporary post office will be stationed behind the present post office at block 218 Bedok North Street 1. Mail for PO box renters will still be delivered through their respective boxes86 words
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166 1985-06-01 2 SINGAPORE manufacturers and exporters who want to expand their business with Australia are being offered advice at a seminar on the Australian System of Tariff Preferences (ASTP) to be held on June 11 and 12. The annual seminar is sponsored by the Australian government166 words
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375 1985-06-01 2 ANNA TEO - By ANNA TEO SINGAPORE has been chaw as the Jumping off point for the sales drive into China and other Asian countries by Avery International, a US manufacturer of self-adhesives, consumer and office products. The newly-opened Singapore office, Fasson Self-Adhesives Materials SEA Pte375 words
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Article112 1985-06-01 2 FOUR MORE categories of products have been added to the list of Asean tariff preferential items with effect from today. These goods of Asean origin and sold within the regional grouping will now be taxed at a lower rate of one to three percent, compared with the112 words
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Article906 1985-06-01 2 RECEIVINQ OF EXPORT FCL CONTAINERS A Qdns MDLCLCARQO FCL Ship Vira Bhum Glory Ace Atrevida, Bokin Sea Glory B Mdoti Jenwel Falstria Harvester B Butang Or Merchant Five Oaks Sextum Sea Fortune Atrevida Axel Moersk B Kemomng Supanya Anson Ramdas Uni Promoter Moersk Mango L Mahapola P906 words
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OVERSEAS
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Article, Illustration511 1985-06-01 3 AP AS THE Geneva arms talks enter their second round, the US is increasing the secrecy surrounding them by reducing the already meagre scraps of information it offers the public. US spokesman Terry Shroeder said yesterday that the delegation would no longerAP; Reuter photo - 511 words
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286 1985-06-01 3 Reuter AMERICAN Secretary of State George Shultz has assured King Hussein of Jordan that Washington will work with him to resolve differences over direct Is-rael-Arab peace talks. But the assurance was coupled with a Reagan administration caution that the Soviet Union,Reuter - 286 words
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299 1985-06-01 3 NYT US DEFENCE Secretary Caspar Weinberger said three navy officers, including an admiral with 33 years of service, were being relieved of their duties because a supply depot under their command paid the Grumman Aerospace Corp $699 for each of seven airplane ashtrays. The Secretary'sNYT - 299 words
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326 1985-06-01 3 Signs point towards better performance FT MALCOLM BALDRIGE, the US Commerce Department Secretary, has predicted continued growth in the economy this year in spite of a new report showing that the government's index of of leading economic indicators fell 0.2 per cent last month.FT - 326 words
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279 1985-06-01 3 FT THE EEC has launched a campaign to win over countries which are opposing a new round of Gatt negotiations on international trade. Senior officials of the European commission met top Indian civil servants in New Delhi on Thursday. India isFT - 279 words
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270 1985-06-01 3 Reuter FT WEST GERMAN economic growth should pick up slightly in 1986 on continuing strong foreign demand after slowing slightly this year. The Paris-based Organisation for Economic Cooperation and Development Said yesterday that growth should also benefit in 1966 from income taxReuter; FT - 270 words
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Article264 1985-06-01 3 Reuter WORLD BANK president A W Clausen has denied charges that the bank's policies are controlled by the US. "The US does not control the World Bank, but like anything else we listen to the largest shareholder," Mr Clausen told the Foreign Policy AssociationReuter - 264 words
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WORLD IN BRIEF
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Article46 1985-06-01 3 INDONESIA'S state oil company Pertamina has paid off all its US$lO.6 billion debt to the central bank which took over the company's debts in 1975, Mines Energy Minister Subroto said. He said Pertamina's remaining debt, including interest, had all been paid on April 30.46 words
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Article62 1985-06-01 3 IF UK INFLATION and interest rates remain at their present high levels, Britain's economy will at best stagnate in the medium term, and pose severe problems for employment, stockbroker Phillips and Drew said in an economic report. It noted, however, that the more inflation can be cut,62 words
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Article69 1985-06-01 3 THE US Commerce Department said in a preliminary ruling that steel imports were being sold illegally in the US from Austria, East Germany, Norway, Poland, Rumania and Venezuela. If the department reaches the same conclusion that the steel is being sold at prices below fair value in69 words
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Article60 1985-06-01 3 JAPAN'S unadjusted consumer price index (base 1960) rose 0.5 per cent in April to 114.0 from March, when it was up 0.4 per cent from February, the government's Management and Coordination Agency said. The agency said the April index was up 1.9 per cent from a year60 words
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Article71 1985-06-01 3 PROSECUTORS in the Indira Gandhi assassination case said the trial was being closed to the public and being held in a jail house courtroom to protect the only alleged killer to survive the attack. Prosecutor K L Arora was reacting to demands for an open71 words
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Article62 1985-06-01 3 CHINA said President Reagan's "Star Wars" space defence plan was aimed at securing American control of outer space and warned it increased the risk of a pre-emp-tive strike by one of the superpowers. It said the Soviet Union would inevitably be forced to develop its own62 words
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Article59 1985-06-01 3 NEW ZEALAND will relax its air landing rights as part of general economic deregulation but will stop short of an "open skies" policy, according to government sources. The sources told reporters the new policy, details of which are still being worked out, is aimed at boosting59 words
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Article74 1985-06-01 3 DATUK Harris Mohamed Salleh had conspired with several others to appoint Tun Datu Haji Mustapha Datu Harun as Sabah Chief Minis- ter on April 22, Chief Mihister Datuk Joseph Pairin Kitingan contended in his statement of defence filed at the High Court. He filed the statement in response74 words
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Article67 1985-06-01 3 BRITISH Aerospace PLC said it won a US$2O million order from Pelita Air Service of Indonesia for one 8AE146-200 jet airliner to be used by the President of Indonesia and senior government officials. The order, announced on the opening day of the Paris Air Show, took the67 words
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Article39 1985-06-01 3 Agencies A NEW STUDY shows that 14-month-old babies can remember and imitate activities 24 hours after they have seen them, providing further evidence that babies have a much greater thinking ability than scientists once believed. Agen-Agencies - 39 words
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267 1985-06-01 3 UPI GROWING foreign trade deficits are driving Americans out of high-paying manufacturing jobs into low-wage service jobs, putting the brakes on US productivity, according to a report The joint economic committee report was released on Thursday by Senator Lloyd Bentsen, a committee member and chairmanUPI - 267 words
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Article736 1985-06-01 3 ARRIVALS Operator Strvm Local tinw From MAS KAL MAS MAS MAS AC CAL RBA SIA CPA GtA SIA THAI SIA MAS GIA SIA MAS MH681 KE624 MH603 MH67I MH811 AC8S8 0806 BM2I SQ103 CX710 GA960 SO 105 TG403 SQ191 MH682 GA940 SQ1 MH605 0620 0840 0905 0935736 words
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255 1985-06-01 3 UPI ASIAN-AMERICANS make up less than 2 per cent of the population, but are gaining a disproportionate influence because they earn more money and are better educated than whites. Parade magazine said yesterday that more than four million Chinese, Japanese, Koreans, Filipinos and AsianUPI - 255 words
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Article472 1985-06-01 4 AFP PRESIDENT Marcos has indicated he may ask the US to send in combat troops if the mounting communist insurgency in the Philippines should "get out of control." In an interview on Tuesday with Gamma Television, Mr Marcos said that could happen if "infiltrationAFP - 472 words
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200 1985-06-01 4 AFP MRS IMELDA Marcos, wife of Philippine President Ferdinand Marcos, has begun lobbying for the selection of a third cardinal from her largely Roman Catholic country. The official Philippine News Agency said Mrs Marcos raised the idea while holding a dinner in Rome onAFP - 200 words
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113 1985-06-01 4 AFP THE Indonesian State Finance and Development Control Board has uncovered 99 cases of corruption involving a loss of more than US$24 million to the state. The agency, through timely action in a large number of financial transactions involving state agencies, also succeeded inAFP - 113 words
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316 1985-06-01 4 UPI LEBANESE President Amin Gemayel yesterday met Syrian leader Hafez Assad for talks on ending the bloodshed in Beirut, where fighting between Palestinian guerillas and Shiite Muslim forces has been raging for more than a week, while the United NationsUPI - 316 words
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Page 3 Advertisements
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Advertisement5 1985-06-01 3 <3K Ran Ant's DailyTbLbs Angeles.5 words
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Page 4 Advertisements
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Advertisement1110 1985-06-01 4 BALANCE SHEET 31 December 1984 SHADE CAPITAL Authorised Shares of Ssl each Issued and Fully Paid Shares of SSI each RESERVES Statutory General Ibtai Capital and Reserves DEFERRED TAXATION CURRENT LIABILITIES AND PROVISIONS Bank overdraft Time deposits Accrued interest on time deposits Other creditors and accrued liabilities Taxation Proposed dividend1,110 words
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Page 4 Miscellaneous
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Miscellaneous45 1985-06-01 4 Doonesbury BBS m i m m i. mm id WHAT DO ITHNKOFV€MAIL MJHNK ASIAR&KTHANUFt, they aere KH&ak? twenty uKe,5ON* amwENt, wrwe I -nmumwvzue fora Gmarousz. m m > mm BY GARRY TRUOEAU. jn Fsmmm A? Hf UH.. RIGHT. IOUeOTTT EXACTLY. IKNBUM eop.imsep &BKYIHN& m m at45 words
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BANKING AND FINANCE
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Article790 1985-06-01 5 SMQAPORE The US dollar ended higher against major currencies following a larger than anticipated US$4.5 billion increase in latest US M-l money supply, dealers said. They said trading was quiet with participants squaring off positions because of a holiday on Monday. The US unit firmed to 251.80/90 yen790 words
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Article332 1985-06-01 5 Asian market ASIAN dollar deposit rates closed steady at opening levels in very quiet trading with the 0.2 per cent fall in US leading economic indicators for April having little effect, dealers said. They said a US$45 million rise in US M-l money supply also had little effect. Traders were332 words
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Article307 1985-06-01 5 BA Futures KUBODOLLAB futures opened lower. However, strong overseas buying Interests, during Liffe opening, nw prices reversed direction and edged up to close at the day's high of 91.51 in the September contract. June PsMifc opened lower on a stronger dollar but traded quietly within a nar- row S-bckBA Futures - 307 words
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Article, Illustration132 1985-06-01 5 THE OVERNIGHT rate on the Singapore interbank money market fell by 2 point from Thursday to close at 3V« per cent yesterday. The one and threemonth term rates, however, roae by 1/16-point each, while the two-month rate remained unchanged. muiD Im mm* af ft* prtH lindwg rata af132 words
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Article217 1985-06-01 5 Interbank rotes at 3pm yesterday: COTHMAM NMUMI nlN SMMMMIHI Local dollars to ooo OOlt oi cwrsncy*. ooetod f US dotar Sterfna pound Au*trofcan dolor NZ doAar Conodkm dolor 2 2270 ***** 1.4653 0.9976 1.6166 2 2280 2.8384 1.4682 1 0003 3.6185 2.6196 7.3469 3.4286 3.4286 3.4206 -21 02217 words
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Article148 1985-06-01 5 HOMQKONQ: The metal ended at U*****.70/313.20 an ounce yetferday with a 50 US cent movement throughout the day. It finished at $313.00/50 in New York and $314.60/315.10 here on Thursday. On the local market, gold tell HKO6 to $2,904 a tahiL The krngerrand fell HK$3O to HKs2£lo, equal to148 words
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311 1985-06-01 5 Bernama BANK BUMIPUTRA Malaysia Bhd (BBMB), Malaysia's largest commercial bank, has been reorganised into three major divisions, tnrluding the creation of a subsidiaries division, In a vigorous move to rebuild its image which suffered as a result of the BMF loans affair. BBMB executiveBernama - 311 words
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140 1985-06-01 5 Australian set for short-term recovery AP THE AUSTRALIAN dollar, after a sharp decline earlier this week, is set for a short-term recovery, according to traders and analysis. The Australian cuiiency tumbled earlier this week to lows of around U550.6550 from above $0.6800 late the week before. It was trading lateAP - 140 words
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Article51 1985-06-01 5 Reuter THE US money supply M-1 rose by US$43 billion to a seasonally-adjusted $562.3 bOUon in the week —isd May 20, the Federal Reserve said. The previous week's M-1 level was untevised at $577.8 billion, while the four-week moving average of M-1 rase to $578.4 bOUon from $576.8Reuter - 51 words
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RAW MATERIALS
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Article135 1985-06-01 5 ChitMM Produc* Exchange (S#M#vs room dosing pticn on Moy 31. S$/100 kg). Coconut oil BufcFOB 117.00 Otd drum FOB 130 00 New drum FOB 134.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW E&WFOBNSW Gambier FOB NSW 477.50 405.00 256.00 330.00 Copro Mixed (loose) Pepper 60 buyers London135 words
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Article276 1985-06-01 5 Singapore C-l Ord unq (S$/kito, «-)odo» Loonzain Rice Fragrant new crop 100% 1st grade !£?9 1st 0.84 >00% 2nd grade 227 2nd 0.62 100% 3rd grade unq 3rd New Crop 25% 0.60 no stock Parboiled Rice 5% 227 10% no stock 10% 222 Thai Broken Maize urvq A-super Special276 words
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Article106 1985-06-01 5 IHK Kull Isilipsi til price reee iMther twe eento to M$»J» per kg, still within the PTA tower range ef $29.15 ui w M Denton said the rise reflected centlnnlng bnfler stock manager's nippert, wke fttoertoi abent N per eent ef the 18 tonnes «f tin sffered. Tnrnsver106 words
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Article158 1985-06-01 5 Yarn (In HK$ per koto of 400 lb) China carded yarn, cones Btu« Phoenix I6's 2,550 Blue Phoenix 2Cs 2,700 Blue Phoenix 32's 3,150 Blue Phoenix 40' s 3,500 Carded yarn, hank Blue Phoenix 21's 2,950 Combed yarn, cones Blue Phoenix 32's 4,250 Blue Phoenix 4Cs 4,400 Open-end yam158 words
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Article172 1985-06-01 5 SINGAPORE The market closed slightly higher with June One RSS buyers quoted at 171.50 cents per kg, up one cent from Thursday. Prices gained about one cent in quiet morning on sporadic buying and some short covering of June One RSS following continued enquiries from Inro's buffer stock manager.172 words
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Article315 1985-06-01 5 RAS prices in S cants/kg. FOB in b otas NOON r CLOSE Int 1 RSS Prompt 172 00 173.00N 172.00 173.00N Int 1 RSS Juna 85 171.50 172.50 171.50 I72.50N Int 1 RSS Juty 85 168 75 169 00 168 75 169 00N Int 2 RSS 168.00315 words
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Article250 1985-06-01 5 WHEAT futures closed 3Vi cents a bushel higher to V* cent lower In thin, light trade. Spot July advanced 3V4 cents to end at USS3.IS-U513.75 a bushel on large professional buying, traders said. Floor sources said C and D Commodities bought as much as five million bushels of July250 words
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Article40 1985-06-01 5 MALAYSIAN crude palm oil and futures reports were unavailable yesterday. US$/tOMM (ulifl' domg pncw) on May 90 Sumatra 5% June 585 OOsir July 575 OOsk Aug 505 OOsJr ROTTERDAM US$/tOMM Sumatra/M'sia dosing pricos) Max 5 July 570 OOstr40 words
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Article112 1985-06-01 5 SOYBEAN futures rallied in spot July after midsession on heavy professional buying, and closed four cents a bushel higher to 3Vi lower in deferreds. July settled at U5|5.63-US$5.5O. C and D commodities bought as much as 8.5 million bushels of July soybeans on the day. This triggered general shortcovering112 words
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Article98 1985-06-01 5 (c«nt*/kg, 1-ton p JUNE 85 JULY 85 (currant month) (forword month) NOON NOON RAS Sii^ Sdlofs SSR 20 162 00 164 00N 164 00 166 OON SSR 50 160 00 I62.00N 162 00 164 OON MRELB S||m 9mm SMR CV 211.50 213 50N 213.50 2I5.50N SMR L98 words
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Article907 1985-06-01 5 COFFEE ROBUSTA future* ended with pared lame* of £90 to £10 on Thursday, with July down £10 at £2,0«. Dealers said prices moved off the lows seen before midday as light mixed short covering entered the market (ram the early afternoon following sterling's retreat from its highs against907 words
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TIME-OFF
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Article515 1985-06-01 6 WHEN in Rome, do as the Romans do, and more. That, a recent news report advises, is: if you are a lady walking down a pavement, strap your handbag over your neck and shoulder with more than tourist firmness, away from the side on which the street515 words
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Article, Illustration858 1985-06-01 6 JOHN LIM - When JOHN LIM visited China on the inaugural flight by Singapore Airlines, he found a country swarming with tourists mainly Chinese. His tour of the country covered sights such as the Qreat Wall and the discotheque in Beijing. JOHN LIM THE POSH Great Wall Hotel ran858 words
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Article, Illustration285 1985-06-01 6 A REGULAR READER appears to have discovered how Zephyr sometimes gets material for this column by scouring the advertiiwi»nt« hi the newspapers. He has came up with a gem which he has kindly passed on to me. "Three shreds fried with chilli" was being sold by285 words
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Article1105 1985-06-01 6 What's on from June 1 7 BALLET: Myth Of Tlm Sun. By The Performing Art» School. Victoria Theatre, tpm. Tickets: $3,55,58 A combination of balet, contemporary and ethnic dances presented by local dancers, choreographers and two young Singapore composers, Poon Yew Tien ond Chew Seok Kwee. Most of the1,105 words
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Article, Illustration131 1985-06-01 6 ITS curtaina up for ttia Peranakan Place today In mm a ways than one. Tha first set it tha vuivtii nooon-cuning cififnony to aignify Mm complatad renovation work on aeveral shophouaae at ttia junction of Emerald HH Rood and Orchard Rood. An innovative group of131 words
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Page 6 Miscellaneous
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Miscellaneous781 1985-06-01 6 8 a CRYPTIC PUZZLE ACROSS 8 Th« present cost of hiring a dog? (7) 9 Grve to one to get work started on (3, 2, 4) 13 The man lay back, excited (3, 2) 14 Two chaps not locking in SA! (5) .15 Dots for the young creature back-stoge (7)781 words
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SPORTS
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Article, Illustration683 1985-06-01 7 BRIAN MILLER - By BRIAN MILLER HERE'S a bit of advice. Hold your horses until the last race. Then, make Garda's Glory your banker. He will probably start at short odds but if winning's the nam» of your game and it must surely be then a683 words
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444 1985-06-01 7 UPI NEW YORK racing official Gerard McKeon thinks the Triple Crown series probably gained as much as it lost by Spend A Buck's controversial defection, from the final two legs of the traditional test of three-year-old thoroughbreds. The benefits are twofold, says McKeon,UPI - 444 words
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509 1985-06-01 7 FORMER Putra Cupper Wong Weng Hong should be hoping to make his Premier League debut at Sembawang tomorrow with a win under his belt from today's Singapore Island Country Club monthly competition at the Sime course. For there's509 words
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Article, Illustration522 1985-06-01 7 WALTON MORAtS - ■y WALTON MORAtS UM SWEE WAH, the Republic's World Cup representative to Rome last year, holds a slight edge in the battle for the prestigious invited place in the Benson and Hedges Spanish Open. With calculations based on seven completed local tournaments,522 words
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453 1985-06-01 7 Reuter THE Soviet Union made a resounding comeback to top-class tennis after 10 years absence yesterday when IS-year-old Andrei Chesnokov beat eighthseeded American Eliot Teltscher in the second round of the French Open in Paris. But this was the only majorReuter - 453 words
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Article190 1985-06-01 7 Reuter THE ROYAL Thames Yacht Club has signed a contract worth more than US$lBO,OOO with the Fremantle Sailing Club to house its two yachts in preparation for the America's Cup challenge series off Fremantle starting in October next year. The finals will be staged in FebruaryReuter - 190 words
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235 1985-06-01 7 UPI HALE Irwin, winner of last week's Memorial Tournament, fired a six-under-par 66 including a Mistering 31 on the front nine on Thursday to take a two-shot lead after the first round of the Kemper Open in Bethesda, Maryland. Irwin won the MemorialUPI - 235 words
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Page 7 Miscellaneous
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Miscellaneous1096 1985-06-01 7 CHANNELS PM SBC Text "Live" Sample Paps HUfLi -Li infl I iup jiiiim nfH|iiii Mbwod by Sesame Street >.i -i-~ aa.it.., tl- l, mi. MufUjf mm ine ncreone Rocky Mnntaki Haft Rugby Poke &g> St Mews Secondary vs Dunearn Technical Indonesian Movie Dr Karmlt < NBA Basketful (Cont'd) Sakitn Hari1,096 words
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INTERNATIONAL STOCKS
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403 1985-06-01 8 NYT ll J REYNOLDS Industries, the second largest cigarette maker in the US and operator of the vast Kentucky Fried Chicken chain, has offered to pay about US9S billion in cash for Nabisco Brands Inc. Wall Street sources reported there was no certaintyNYT - 403 words
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101 1985-06-01 8 Reuter BRITISH Telecommunication* PLCs BT (Canada) Holdings Inc has begun its tender alter tor any and all outstanding common shares and warrants of CTG Inc for C 55.25 a share and SO cents per warrant The offer will expire midnight, Toronto time, onReuter - 101 words
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313 1985-06-01 8 Reuter THE STOCK market managed another winning session on Thursday, helped for the second day by a buying surge in the final hour. The Dow Jones Industrial Average gained 2.8 points to close at 1305.78. The volume on the New York Stock Exchange roseReuter - 313 words
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Article161 1985-06-01 8 hy 0> 32* undt MAY H ct b|CO 19* AMMW |L IMI IS* 34* 22 25 2t* 13 43* 34* widi unch inch to *Va to u* 40* 21* inch Afantfi MM •ark Mart Mm M Canada p Can LK Kmr AM Lototo. mTSZ*i ~zz Mihnn A Moor* Cp161 words
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Article249 1985-06-01 8 UNMC 525 undi MAT V mm 1625 ♦25 MM AA+ha BTHALS MS 160 ♦40 -3 M ZgUz=. 35 AC And 0 far* HO 450 2950 -5 -5 inch SET Chanw 1375 8200 470 indt 150 Bartow i, 1220 -5 Cam Gold 1350 ♦25 C G SudMi Cam Murch 1225249 words
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Article642 1985-06-01 8 MAT at Engotiard Mri Exxon Cp 25 S3* 4* N L MUM Nad DM Omm II* 31* 4* IMCh Mean Mwfc AIBM 25 32* assy 0 45* 29* 4* lud 25* M FfcoMona Tfca 21* 4* •H Nimad MRB 44* Jtk MM Cham Cp 41* 4* fVmr Co642 words
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Article698 1985-06-01 8 Amsterdam MAT» Fb AM 442.30 -OS tan 1«7JO +0 5 VnM WW *1 Mtm 107 30 -0J AMCV 241 JO tU jim. 00.00 +OA A* 92-OOBdOJ lemH ***** -4 k> T— 91 JO udi CM 36J0 -0.1 UM M M| BmmMt M 4»0 00 *2 132.00 +0 3698 words
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Page 8 Advertisements
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Advertisement86 1985-06-01 8 c&l Wi Wtere diae aafl eatertaia P Baron's Table Sunday Branch... you'll love it! Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only 825.50 per adult and $15.00 per child (under 12) every86 words
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Advertisement116 1985-06-01 8 fH m 11 ■4 This o** **ft#*'* Tavein -.^'^gsSg^jgyi» JS^ nie^TSw« assSs2SP* J? HOTEL ASIA Many happy nuna 37 Scotti Road. W *****8 a T* pom 0822 ***** MOWS* Novotel Orchid Inn Presents Indonesian Exotica Tw» v o» <; lOirr Ayam and Kan Kambing and Kari Ikan and Satay Kambing116 words
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Advertisement66 1985-06-01 8 d 0 mi Tlcne: 12 noon 2.30 pm C PH*:sCjOGr Fashion Show; 1.15 pm a l, MOOWKOf. nVHpnM|||J>! *TopTtond Entertain your friends in Royal Style at EMPEROR'S ROOM a COmtJinatxyi Ot East and West n reflected m this crxjue restaurant where ou» speoai txy counter caters tor dnnke»s Optcre therr66 words
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Advertisement124 1985-06-01 8 Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. J Special business lunch at $16 each and $204+ each (min. 2 persons). Over 50 a la carte specialities are also available. A¥ SM6APORE HOTEL 10 Eu Tong Sen Street. Singapore 0105124 words
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Advertisement93 1985-06-01 8 \=>=/_]=]+{&./_?}^|~}?!,'_$=$^~ Lounge Enjoy the world's finest wine, while you relax In the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet Body M Soul from the Philippines. They'll captivate you! nmppy Hmik Spm 7pm. 25% off all < cr£swii •fIUMCZHOm 270 Orchard Road. Singapore 0023 Telex:93 words
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ASIAN STOCKS
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Article331 1985-06-01 9 HONGKONG: SHARE prices closed off their lows as a spate of buying emerged in late trading. The Hang Seng Index closed 7.79 down at 1,613.87 after being down about 11 at the morning close. Turnover was HK5269.39 million compared with HK5388.37 million on Thursday. Among the few advancing stocks,331 words
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Article206 1985-06-01 9 MAY SI MT yT AI Sincora Mm 2.04 -0.04 i Aata Cmmki 23.70 -0.1 OMhoy Com 24.20 -0.1 Owng fh»a Bark 50.00 ♦1.5 g,— a Mui 11.50 -0.2 Pta 27.10 +0.1 U*» 17.50 -0.2 14.00 -0.2 Papar 1.13 -0.05 16.70 -0.5 Chan Loans 19.80 -0.2 stMn P CNa KMn206 words
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Article253 1985-06-01 9 MAY SI Yaa MNaub Haovy MMbkN 289 638 3 ■9 400 •1 Co 169 -6 Amodo 932 -28 Mftui SmalMnj 539 9 1100 X 604 6 AkN Qom 879 -8 849 -21 Bank Tk 805 •5 2170 •20 Bridoaafona 535 *1 745 5 1190 -10 Mp Bac ***** Como253 words
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Article110 1985-06-01 9 MAMLA: Share prices closed generally easier in dull trading, dealers said. Oils firmed 0.0091* 0.757 but the Commercial and Industrial index eased 0.38 to 130.06 and the mining marker fell 4.78 to 672.44. MAY St Aco* Mtatag Ml Z. hM *<an»»«l 0.0014 unch wmm Ortmld B 0.014 unch 0.0014110 words
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Article571 1985-06-01 9 SYDNEY: Concern over weak commodity prices and general lack of overseas support pushed Australian share markets down at the close, brokers said. The All Ordinaries Index closed 1.3 points lower at 873.3, the All Resources shed 2.8 points to 585.5 but All Industrials added 0.9 points to 1243.0. The571 words
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Article132 1985-06-01 9 BANGKOK: Share prices closed mostly higher yesterday. The Book Club Index rose 1.46 to 140.14 as turnover rose to 772,788 shares worth 65 J million baht in quiet trading. mm is; 3T" 105 Aofchan. Thai Camar* 716 +24 '31 -ft Sou* Ah Fkn 133.25 +1 And Trust 168 +9132 words
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Article44 1985-06-01 9 may si w«. apSSafcz: U5 r—Rfi 620 20 573 1510 -10 S "3 «SPU «> 7 +l g££S5* go ll 706 +1 Sas£!_: >& "1 Hani* 612 -13" Stangrong Cam. ,MJ Hon Yono 240 -2 Su*rona. lOQi, +1 Hyundai Lorp 99fi +3 Tohrwn 335 -444 words
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Article89 1985-06-01 9 UPI THE SIGNING of China Light and Power Co Ltd's HK$5OO million three-year revolving bill of exchange facility, expected on Thursday, has been postponed to early next week. Banking sources said they did not know the reason for the delay. Spokesmen for the principals declined toUPI - 89 words
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232 1985-06-01 9 UPI THE AMERICAN company General Electric Co (GE) has signed a US$4O million to $80 million agreement with a Chinese company to Jointly design and manufacture steam turbine engines in China. GE chairman John Welch announced on Thursday that under an agreementUPI - 232 words
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129 1985-06-01 9 Reuter HUTCHISON WHAMPOA Ltd will repay before the end of next year all bank borrowings used to finance its recent purchase of a 34-per-cent stake in HK Electric Holdings Ltd. Chairman Li Ka-shing said at Hutchison's annual meeting that the group owes itsReuter - 129 words
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113 1985-06-01 9 UPI MITSUBISHI CORP, a major Japanese trading company, and its affiliate Mitsubishi Motors Corp will increase their equity in Hyundai Motor Co of South Korea to strengthen their relationship. The Japanese companies said they had decided to acquire an additional 2.5-per-cent equity in theUPI - 113 words
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251 1985-06-01 9 BRIAN GOMEZ - BRIAN GOMEZ ROYAL BRUNEI Airlines will double in size by July next year with the delivery of three Boeing 757-200 twin Jet aircraft following a deal worth more than US$l75 million. The agreement was signed by the airline chairman, His Royal Highness Prince Jefri251 words
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Page 9 Advertisements
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Advertisement599 1985-06-01 9 <&• M m '7^, FOR FURTHER INFORMATION CALL Co* m i m. MHf ir.2 its For delightfuldinners with popular focal flavours. Enjoy dinner with popular local flavours. Our "Singapore Delights" Buffet is packed with mouthwatering favourites that will definitely get your appetite going. Buffet Dinner is at S$ 14.00+ per599 words
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Advertisement69 1985-06-01 9 Listen to Creat \i'\v Sounds at CAIKMIILL COCKTAIL IXH'XCL With Ramon D New Blackjacks Happy Hours: spm 7pm With Sunny and Stamford For reservations please call 734 6622 pAimsMiii HOTKi. 19, Cairnhill Circle, Singapore 0922 Our Chef's Recommendation: —sSw^Sf—• Steart^^ OecP r savert>art I Skj TUNG LOK SHARKS RN d69 words
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SHARE INFORMATION
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Article, Illustration4225 1985-06-01 10 MARKET observers who had predicted a sharp rally on the first day of the new settlement period were chagrined to find the market sliding yesterday. The BT Composite Index was down by 3.10 points to 722.70 and the Straits Times Industrial Index4,225 words
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Article208 1985-06-01 10 SINGAPORE RiSM lata Uataag 600 .in M 332 H 0 f 336 630 DBS 620 KnJiy S»«n 290 tweniew 444 «LS 330 Falls CCM 444 0 C 1 C 935 M 620 FAN .523 LAM 50c 266 M M C lOt 119 Tow* A Gty 92 20208 words
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Article2638 1985-06-01 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".2,638 words
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Article111 1985-06-01 10 SINGAPORE BUS SERVICE (1VJ8) LTD: Seventh AGM at the Conference Room, SBS HQ, 206 Braddell Road, Singapore 2067 today at 11.90 am. MALAYSIAN REBOURCES CORPORATION Berkad: Fourteenth AGM at the Penthouse, Resource House, No 10, Jalan Raja Laut, Kuala Lumpur on Tuesday, June 4 at 11 am. COLD111 words
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Page 10 Advertisements
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Advertisement12 1985-06-01 10 KL market report and Business dona on tha KLBE Saa paga 1112 words
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COMPANY NEWS
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Article, Illustration265 1985-06-01 11 HOCK LOCK SIEW - CHART PHi INT' By HOCK LOCK SIEW IT USUALLY takes a considerable amount of time and volume to swing an established trend in prices from down to up as, understandably, there are very few interested buyers left after a persistent decline. This should have been the case with265 words
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Article208 1985-06-01 11 Manager*' prices for June 1 3 Singapore Unit Trust The Commerce 1.96 *2.06 The Savings Find 1.45 1.54 S'pore Prog Fund 0.86 0.91 S'pore See Fund 1.26 1.34 S'pore Invest Fund 0.91 0.96 S'pore Equity Fund 0.87 0.92 Asia Unit Trust Moi Invest Fund 2.15 *2.28 Mot Prog208 words
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320 1985-06-01 11 NAJEEB JARHOM - By NAJEEB JARHOM YEO HIAP SENG Ltd has moved back into the black at the pre-tax level in the first-half of the year ended March, but directors have painted a bleak picture for the rest of the year and have halved the interim320 words
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Article940 1985-06-01 11 SHARE PRICES opened mixed in quiet trading yesterday, the last day of the three-week account. Little new-time buying was seen initially. The FTSE 100 share index at 8.45 am was up 0.2 point at 1,314.9. Chemicals were steady after Thursday's gains on the back of US demand with940 words
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Article99 1985-06-01 11 HONGKONG Thursday 1242.1 Week ago 1244.6 Hong Seng Index Friday 1613.87 NEW YORK Thursday 1621.66 We«k ago 1596.84 Dow Jones Thursday J 305 78 TOKYO Wednesday 1302 98 Week ago 1296.71 Tokyo Dow Jones Friday *****.46 Thursday ******.27 Stondard Poors Thursday 187.75 Wednesday 187.68 Week ago 187.60 Week99 words
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548 1985-06-01 11 ALAN LEE; RAMESH CHANDIRAMANI - By ALAN LEE RAMESH CHANDIRAMANI IN AN ATTEMPT to circumvent Australia's tough rules on takeovers by foreign companies, Jack Chia (Australia) Ltd has teamed up with an Australian group to bid for Allen's Confectionery Ltd, the largest candy and Weet maker in548 words
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323 1985-06-01 11 A SURPRISE dement has been Included in the all-chare bid by MBf Holdings Bhd far the entire paid-up capital of Emtex Corp Bhd. In its notice of takeover, despatched by advisers Arab-Ma-laysian Merchant Bank, MBf has set out as one of the terms323 words
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LATEST RESULTS
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69 1985-06-01 11 Group pre-tax prof- its fell to M$2.96 million in the half-year to Feb 28, 1985, from $3.61 million in the previous half. Group turnover edged upwards to $8.15 million ($8.08 million). Net earnings per share were stated at 2.3 cents69 words
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Article57 1985-06-01 11 Group taxable profits fell to Mf2i>s mfflinn in the six months ended Feb 28, 1985, from $111 million previously. Stated earnings per share dropped to IL2 cents from 143 cents. An interim dividend of five per cent less tax (2.5 per cent) will be paid on Aug57 words
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Article85 1985-06-01 11 Group unaudited pre-tax profits rose to M 529.59 million in the half-year ended Feb 28, 1985, from $2102 million previously. Profits after tax and minority interests went up to $15.08 million (H1.72 million). Fjirnfagu per share increased from nine cents to 11.6 cents. An interim dividend of85 words
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56 1985-06-01 11 Group pre-tax loss of MHO .21 million in 1984 compared with a taxable profit of $2.22 million the year before. Group turnover fell from $60.59 million to $33.06 million. Loss attributable to shareholders came to |9.76 million against the previous56 words
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71 1985-06-01 11 Qroup pre-tax profits rose to M$4.27 million in 1984 from $2.2 million in the previous year. Stated earnings per share stood at 5.7 cents compared with 152 cents before adjusting for the shares issued during the year. A dividend of71 words
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157 1985-06-01 11 PAPER PRODUCTS (Malaya) Bhd will hold as extraordinary general meeting on June 14 to consider the company's sale of shares in United Pulp A Paper Co Ltd. PPM's directors, with the exception of Datuk Kok Wee Kiat, consider that the proposed157 words
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543 1985-06-01 11 A GENERAL lack of interest characterised the Kuala Lumpur stock market yesterday. As investors continued to stay away, share prices drifted downwards to close on a slightly easier note. Share prices generally opened at overnight levels or easier and thereafter drifted downwards in dull543 words
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Article1857 1985-06-01 11 BID and offer price* 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. NNJSTRMLS Ajmomoto (3 08S) A Choc (2 008 2.1 OS)1,857 words
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Page 11 Advertisements
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Advertisement12 1985-06-01 11 Air freight is faster, our coverage is better... in BT every Friday12 words
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359 1985-06-01 12 SHAHRIR ARIFF - Solutions to be suggested to Economic Committee By SHAHRIR ARIFF FOUR SUB-COMMITTEES have been set up by the Singapore Manufacturers' Association (SMA) to look into its members' problems and to suggest solutions to the Economic Committee. Mr Tan Wah Thong, the new chairman of359 words
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384 1985-06-01 12 SOH TIANG KENG - By SOH TIANG KENG Banking Corr—pondant THE Post Office Savings Bank has yielded to the downward pressure of local interest rates by cutting its savings rate by hall a percentage point to 5.75 per cent. This revised rate, effective from384 words
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253 1985-06-01 12 FEWER tourists and more hotel rooms in April led to a sharp fall in the average hotel occupancy rate. The average occupancy rate in April 64.7 per cent was 14.3 percentage points lower than the 79 per cent recorded253 words
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Article120 1985-06-01 12 MISS JUDITH Trotter, New Zealand's High Commissioner in Singapore, has left for home to take up a senior post at the Ministry of Foreign Affairs. The vacant seat will be filled in July when Mr Tim Hannah arrives. Mr Hannah has just completed his stint120 words
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106 1985-06-01 12 MALAYSIA'S manufacturing sector will need 25,500 workers annually from this year until 1990, and more than 40 per cent of the new jobs to be created will be for electrical fitters and mechanics. The 1983/84 Labour and Manpower Report 1983/84 said that the106 words
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251 1985-06-01 12 Bernama MALAYSIA enjoyed a relatively peaceful state of industrial relations during the eight years from 1976 with the number of strikes declining from 70 in 1976 to 24 in 1983. The 1983/84 Labour and Manpower Report, released in Kuala Lumpur yesterday, said thatBernama - 251 words
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381 1985-06-01 12 THE two opposition Members at Parliament Mr JB Jeyaretnam and Mr Chiam See Tong have been given places on two of the House .committees. The appointments of Mr Chiam (Potong Pasir) to the Standing Orders Committee and Mr Jeyaretnam (Anson) to381 words
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334 1985-06-01 12 AFP JAPAN'S Liberal Democratic Party has run into a storm of criticism over plans for a tough new anti-espionage law, which would include the death penalty, though most critics agree reform is needed. The party is being accused of threatening freedom of information, and havingAFP - 334 words
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90 1985-06-01 12 Reuter THE RULING Liberal Democratic Party in Japan yesterday put forward a Bill to redistribute parliamentary seats and to make the government less dependent on the powerful farm lobby. Political analysts said prospects for passage of the BUI in the current session were slim inReuter - 90 words
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528 1985-06-01 12 LOH HUI YIN - By LOH HUI YIN WORKING GROUPS have been formed to provide more input on how Singapore can export and further develop its major business services. The 18 groups fall under the subcommittee on services which is in turn part of the528 words
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211 1985-06-01 12 WHEN the Civil Aviation Administration of China (CAAC) begins services from Beijing and Guangzhou to Singapore this month, it will be refuelling with Shell fuel at Changi International Airport. Shell clinched the contract to supply aviation fuel to the fTiinpi» national airline211 words
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Article71 1985-06-01 12 AP THE New York stock market headed lower yesterday morning in the face of new evidence of a slowing economy. The Dow Jones Industrial Average slipped 1.68 points to 1,304.10 in the first half hour. Losers outnumbered gainers by nearly three to two in the early tallyAP - 71 words
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Article109 1985-06-01 12 URGENT remedial work by Mass Rapid Transit engineers at the City Hall station has averted any risk of "major failures" affecting St Andrew's Cathedral. The MRT Corporation said yesterday that five days of urgent remedial work had been undertaken and normal church activities can resume from109 words
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304 1985-06-01 12 AP AFP INDIA has sealed its borders with Pakistan and imposed a frontier curfew to check infiltration by Sikh terrorists allegedly planning violence on the anniversary of the Golden Temple attack. The border with rival Pakistan, already closed in Punjab, was sealedAP; AFP - 304 words
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LATE FILE
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Article42 1985-06-01 12 AP BRITISH Prime Minister Margaret Thatcher summoned England's soccer chiefs yesterday, and one of them said there was a good chance the country would withdraw from European soccer competition because of the stadium riot in Brussels. APAP - 42 words
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Article51 1985-06-01 12 AP THE legislative yuan, Taiwan's chief lawmaking assembly, yesterday passed a record government budget of US$lO.3 billion for fiscal year 1986, which begins on July L An assembly spokesman said the budget represented an increase of $1.33 billion or 14.8 per cent from the current fiscal year.AP - 51 words
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Article57 1985-06-01 12 AFP OIL MINISTERS from five members of the Organisation of Petroleum Exporting Countries meet this weekend in Taif, Saudi Arabia, amid a lower seasonal price trend. It is widely thought that the British National Oil Corporation will set a June rate for its crude of 26 toAFP - 57 words
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Article62 1985-06-01 12 AP SHETE Muslim forces called a unilateral ceasefire in their 12-day-old war against Palestinian guerillas yesterday as President Amis Gemayel returned from summit talks in Syria aimed at ending Lebanon's civil war. Mr Gemayel flew back to his presidential palace in suburban Baabda after aAP - 62 words
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Article36 1985-06-01 12 Reuter BANGLADESH struggled yesterday to bury its dead from a killer tidal wave and the government said it would buy a disaster warning system to help avert a similar catastrophe in the future.Reuter - 36 words
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Article47 1985-06-01 12 AP SOVIET Vice-Minister of Foreign Trade Ivan Grtetarin, who arrived in Beijing on Thursday, is expected to initial a five-year trade agreement with China. The long-term pact will then be signed in Moscow by Chinese Vice-Premier Yao Yilin in June, diplomats said. APAP - 47 words
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Article42 1985-06-01 12 Reuter POLAND'S leaders, grappling with a huge foreign debt, low exports to the West and living standards below the levels of the *****, began a national debate aimed at charting a course for the next five years. ReuterReuter - 42 words
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Page 12 Advertisements
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Advertisement19 1985-06-01 12 Managers must manage. BT shows you how every Monday Training improves your chances. BT shows you how every Wednesday19 words
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Page 12 Miscellaneous
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Miscellaneous47 1985-06-01 12 mMm Outlook for today: Shown over Report for 24 hours prior to 7 30pm on May 31 at th« airport: Maximum temperature 31.7 Associated humidity 68 Associated humidity Hours of sunshine f J| PvOlnTOil mi iimllWiCTrCS > nlgifnll iLj. miiii |L KONVTOII Tills mOnin Rainy days this month47 words
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