The Business Times, 8 June 1985

Microfilm: NL15061
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, JUNE 8, I*Bs 60 CENTS
    12 words
  • Article, Illustration
    Lock icon Hongkong government to take over Overseas Trust Bank
    642 1 Business to resume on Monday THE HONGKONG government yesterday said it would take over the failed Overseas Trust Bank Ltd and reopen it on Monday. The takeover will cost HK$2 billion, Financial Secretary John Bremridge told the Hongkong Legislative Council. The council
    Reuter photo  -  642 words
  • Article
    Lock icon Head of Thai chit fund reappears
    112 1 UPI THE HEAD of a multi-million dollar money pool in Thailand came out of hiding yesterday and said her business had collapsed. Blaming "external pressure", Chamoy Thipson told 1,000 investors that her high interest money pool was bankrupt and she could only repay principal
    UPI  -  112 words
  • Article
    Hong Leong may get chance to opt out
    187 1 THE MALAYSIAN arm of the Hong Leong group may Just manage to escape the effects of the collapse of Hongkong's Overseas Trust Bank. The group recently signed an initial agreement with OTB to acquire for HK$256 million OTB's 62 per cent stake
    187 words
  • Article
    Lock icon The state of affairs in four capitals
    324 1 Agencies IN THE WAKE of the failure of Overseas Trust Bank in Hongkong, Sri Lanka's central bank said yesterday it was examining the books of the OTB Colombo office. Central bank governor Warnasena Rasaputra said: "We are in full control of the situation
    Agencies  -  324 words
  • Article, Illustration
    STOCK MARKET
    67 1 NKWS rn- Mhn <4 Hna> kaag*s Orerwu Traat Baak caused ft MOtag wile m the gjs csjssa/ai At the cad et the «ay, the BT CMMtte latex Iwt 11.18 —tats te msi while the Straita Time* lad—trial ladex fell peiata tame. IbM M| |U r iHMtff| fa. earrei
    67 words
  • Article
    Singapore and Malaysian rubber markets commended
    420 1  -  By ALVIN TAY SINGAPORE and Kuala Lumpur were held up last night as the only international rubber trading centres which provided a comprehensive range of viable contracts for both hedging and physical shipment purposes to producers, consumers and distributors. This was because of changes
    420 words
  • Article
    US electronics companies expanding local operations
    535 1  -  B* LOH HUI YIN TWO MAJOR American electronics companies are stepping up their multi-million-dollar operations in Singapore in spite of the worldwide downturn in the electronics industry. Seagate Technology, a major disk drive manufacturer, is adding another product to its existing $38 million investment
    535 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      189 1 ASIAPRINT '85 asiapkintl 4th International Exhibition BPr ofPrintlno. Graphic Arts Equipment Supplies. JUNE 20-23 WTC STORE THE CLUB THAT STANDS IN A CLASS OF ITS OWN 1 jyiizxnu ALL STAR POLARIS For woods, the heads are crafted from fine persimmon wood and dual weighted for consistent accuracy. The irons are
      189 words
    • Advertisement
      Page 1 Advertisements Column 2
      271 1 Colipii of OTB mm SHARE INFORMATION SHIPS IN PORT MONEY A EXCHANGES DOONESBURY CROSSWORDS RAW MATERIALS SMITH-CORONA is laying off a further 400 workers in spite of on assurance by the US multinational just two months ago that there would be no more retrenchment for the time being. Page 2
      271 words
    • Advertisement
      Page 1 Advertisements Column 3
      137 1 ||(}^_~%>+_}]:<`]/<[{":;_+)$-*\ ww Wishful thinking? NolWayfoong thinking For most of us, the buying of a new car is one of the largest purchases we'll make in our lifetimes. Almost everybody needs help in a loan to make their new car dream a reality. And Wayfoong can make it happen. What else
      137 words
    • Advertisement
      Page 1 Advertisements Column 4
      17 1 ASIAPACK '85 4lh International ExNbHon of Pockoglng Machinery Materials And Food Processing Machinecy JUNE 20-23 WTC STORE
      17 words
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  • HOME NEWS
    • Article
      Smith-Corona to cut workforce by 400
      458 2  -  Company expects demand to decline further By CHUANQ PECK MING SMITH-CORONA is laying off a further 400 workers in spite of an assurance by the US multinational just two months ago that there would be no more retrenchment for the time being. In acknowledging
      458 words
    • Article
      Jewellery auction draws the men
      241 2 IF DIAMONDS are a girl's best friend, why was yesterday's Jewellery auction at Supreme House dominated by men? Because, explained Mr Taha Helmee, who was conducting the auction for the receivers of Mulchands Pte Ltd, most of the bidders were jewellery dealers. Today, he hoped
      241 words
    • Article
      Household items to go under the hammer
      223 2 MING VASES, 18th Century marble Buddhas, Persian carpets and antique Chinese furniture are among the items to be sold at a household auction tomorrow. The auction, to be conducted by Taha, Rushton and Bailey Consultants, will clear more than 150 lots of items
      223 words
    • Article
      Road closed
      119 2 SOMERSET ROAD will be closed to traffic for at least five days after a minor cave-in along a stretch of the road next to a Mass Rapid Transit station worksite. A MRTC statement said that a portion of the road at the junction of Somerset and Killiney roads
      119 words
    • Article
      GM's gift to Chest
      78 2 MORE THAN 600 employees of General Motors Singapore ran games stalls and turned stallholders one Sunday last month, and helped raise 152,000 4or the Community Chest of Singapore. But yesterday, Chest president Dr Ee Peng Liang received a cheque of $70,000 from materials control manager Mr
      78 words
    • Article, Illustration
      Advanced data retrieval systems for HDB
      351 2 INSTANT INFORMATION on Housing Board estates and its residents could become a reality in the future. HDB's computer-aided design and manufacturing (CAD/CAM) system has the potential to store and retrieve the names and addresses of the 81 per cent of the population now living
      351 words
    • Article, Illustration
      S'pore youths to join IAA congress
      318 2 YOUTHS will feature prominently in the 1968 31st World Advertising Congress in Sydney, Australia, when the country rings with bicentennial celebrations. Local chapters of the 84member countries of the International Advertising Association (lAA), organisers of the Biennial World Congress, will be asked to nominate
      318 words
    • Article
      Scheme to attract independent tourists
      370 2 A NEW SCHEME, aimed at getting independent tourists out and about, is to be launched on June 14. The Singapore Explorer scheme, promoted by Singapore Bus Service and the Singapore Tourist Promotion Board, is aimed at the free independent travellers who comprise 53 per cent
      370 words
    • Article
      Homestead puts out Its tray for shoppers
      200 2 IF EVERY new purchaser of an HDB flat walks into a Homestead store this month, it is going to cost the furniture retailer $100,000 in free cutlery trays. And if enough people make a purchase, the company is prepared to extend the sales
      200 words
    • Article
      Singapore Computer aims to plug into China
      380 2  -  •y LEE HAN BHIH GOVERNMENT-OWNED Singapore Computer Systems has set up a company in Hongkong to spearhead its drive into the huge computer market in China. SCS (HK) was incorporated in December last year, but will only become operational when its general manager
      380 words
    • Article
      Private initiative welcome
      123 2 THE government welcomes, and will support, private initiative in welfare work, Mr Ho Kah Leong, Senior Parliamentary Secretary (Education), said last night. Opening the charity flower show Purple Dream organised by four Lions Clubs and the Lioness. Chib in aid of the lions Nursing Home for the
      123 words
    • Article
      SHIPS BBS PORT
      1061 2 V j l*!l| RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO f 1 i? t OdM FCL **t M •t Arrival LCL movamant Ship Voy data/tima Operator cargo Location Anson *****N 08.6.85 2000 Heap Seng F7 0700-0800 G4 P Vanburen I38E 08.6 85 2300 APL F8 1000-1100
      1,061 words
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  • OVERSEAS
    • Article
      Lock icon Senate approves aid for guerillas
      592 3 UPI THE SENATE, in a major foreign policy victory for US President Ronald Reagan, has approved a two-year total of US$3B million in non-military aid for Nicaraguan guerillas. The measure was passed 5542 on Thursday, with a Nicaraguan diplomat watching the action from the Senate
      UPI  -  592 words
    • Article
      Lock icon Investment Canada to be in place by June
      194 3 Reuter INVESTMENT Canada, the new federal agency that will substantially liberalise rules governing foreign investment in Canada, is expected to be in place by the end of June. Legislation creating the new body will likely be approved in the House of Commons
      Reuter  -  194 words
    • Article
      Lock icon Ministers from 21 nations to meet on protectionism
      237 3 Reuter MINISTERS from 21 countries in the industrialised and developing world meet in Stockholm this weekend for informal talks on world trade and growing protectionism. Swedish Foreign Trade Minister Mats HeUstroem, host of the meeting, said a key issue would be the
      Reuter  -  237 words
    • Article
      Lock icon Agca 'Syrian trained'
      97 3 Reuter TURKISH gunman Mehmet All Agca who shot Pope John Paul four years ago yesterday said in court that East Europeans trained him to be a terrorist in Syria and accused the Soviet Union of guiding international terrorism. Agca, on trial with others for plotting to kill
      Reuter  -  97 words
    • Article
      Lock icon Kadar seeks cooperation
      183 3 Reuter HUNGARIAN communist party leader Janos Kadar, speaking just before parliamentary and local council elections in Budapest, yesterday called for more cooperation with non-commu-nists in government. "I want to see non-par-ty members around who I would welcome in the party, and party members who are not working
      Reuter  -  183 words
    • WORLD IN BRIEF
      • Article
        Monitor
        59 3 A JOINT US-Norwegian monitoring station that could play an important role in the control of any future nuclear test bans has been opened in central Norway. This was disclosed by Mr Richard Wagner, assistant in the US defence department, at a symposium held in connection with the opening of
        59 words
      • Article
        N-plant
        31 3 NORTH KOREA is operating a nuclear processing plant north of the capital of Pyongyang that US intelligence officials believe could be used to develop weapons materials, ABC news reported yesterday.
        31 words
      • Article
        Soviet menace
        51 3 THE SOVIET UNION has deployed the "larg- est concentration" of its naval forces outside Soviet territory in Cam Ranh Bay in Vietnam. The commander of US naval forces in the Philippines, Rear Adm Edwin Kohn, told a Philippine Rotary Club yesterday that this has become a menace to
        51 words
      • Article
        Bomb blast
        42 3 A SMALL BOMB yesterday damaged a Jewishowned travel agency in a London suburb but caused no casualties. Police said the motive of the attack was unknown and there had been no background of attacks on Jewish targets in the area.
        42 words
      • Article
        Aid for Manila
        38 3 AUSTRALIA yesterday announced it was donating A 5700,000 to a special appeal by the Philippines Top Prelate Jaime Cardinal Sin. It would be used to buy rice to relieve urban poverty in and around Manila.
        38 words
      • Article
        No to cuts
        36 3 NORWAY does not plan to lower its oil price, following the price cut by Britain on Thursday. A spokesman for the state-owned oil company Statoil yesterday said: "We are watching the situation closely."
        36 words
      • Article
        Exports down
        48 3 EXPORT contracts won by Japanese industrial machinery makers in April dropped 66 per cent from the previous month to 105.64 billion yen (US$422 million dollars). The Japan Association of Industrial Machinery Manufacturers said yesterday this represented a drop of 0.4 per cent from last year. Agencies
        48 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      757 3 ARRIVALS Operator Service number Local time From CV .CV796 0815 LUX/AUH MAS MH681 0820 KUL KAL KE624 0840 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH811 0940 PEN AC AC858 0940 YYZ/LHR/ BOM CAL CI806 0945 CGK RBA BI421 1000 BWN SIA SQ103 1005
      757 words
    • Article
      Lock icon Developing states in favour of specific trade talks
      258 3 AFP DEVELOPING countries favour specific multilateral trade negotiations strictly limited to trade in goods with priority going to abolition of the Multi-Fibre Arrangement and liberalisation of trade in tropical products. This view was given on behalf of 23 developing* countries by Shrirang
      AFP  -  258 words
    • Article, Illustration
      Lock icon Nato urges US to adhere to Salt-II
      549 3 Reuter NATO foreign ministers wound up a two-day meeting in Estoril yesterday, after urging the US to adhere to the Salt-n Strategic Arms Treaty and failing to agree on support for President Reagan's "Star Wars" programme. The US dropped efforts to obtain an
      Reuter  -  549 words
    • Article
      Lock icon Pretoria hits out at US economic sanction move
      432 3 Reuter AFP SOUTH AFRICAN Finance Minister Barend du Plessis yesterday condemned moves in the US Congress to impose economic sanctions on South Africa because of its policy of racial segregation. He said a withdrawal at American investment would cause irreparable harm to
      Reuter; AFP  -  432 words
    • Article
      Lock icon Anti-Nazi centre rejects 'Mengele dead' report '
      153 3 Anti-Nazi centre rejects 'Mengele dead' report Reuter NAZI HUNTER Simon Wiesenthal*s Centre said yesterday that it did not believe report that Nazi war criminal Josef Mengele may be dead. Commenting on a statement by Sao Paulo's police chief that he was 90 per cent sure Mengele drowned while swimming near
      Reuter  -  153 words
    • Article
      Lock icon Reagan lays terms for ties with Vietnam
      334 4 Find servicemen and end occupation of Cambodia NYT PRESIDENT REAGAN said Washington would not normalise relations with Hanoi until the Vietnamese accounted for all missing American servicemen and ended the occupation of Cambodia. Larry Speakes, a White House spokesman, said the conditions listed
      NYT  -  334 words
    • Article
      Lock icon Laos renews call for Thai border talks
      211 4 AFP LAOS RENEWED a call to resume negotiations with Thailand over a disputed border area which has set the two neighbouring countries at loggerheads sinee a military confrontation started exactly a year ago. The proposal, made by the Laotian Foreign Ministry in a
      AFP  -  211 words
    • Article
      Lock icon Security in Sabah under control
      117 4 Bernama MALAYSIAN Deputy Home Affairs Minister Mr Radzi Sheikh Ahmad has said the security situation in Sabah is under control and police are still carrying out investigations on the recent spate of bomb explosions in Kota Kinabalu, Sabah's capital. He again appealed to the people
      Bernama  -  117 words
    • Article
      Lock icon Asean nations to recognise one another's driving licences
      163 4 AFP THE ASSOCIATION of Southeast Asian Nations will soon allow its citizens to drive in any of the six-member countries using licences issued by their respective governments. Acting Philippine Foreign Minister Pacifico Castro said this was among two major agreements expected to
      AFP  -  163 words
    • Article
      Lock icon End arms aid, urges Rev Jackson
      92 4 AFP THE REVEREND Jesse Jackson added his voice to calls for an end to US military aid to the Philippines and for a congressional investigation into the repression of a student-led uprising in Kwangju, South Korea, in 1900. Rev Jackson, a Democratic Party presidential
      AFP  -  92 words
    • Article
      Lock icon Opposition fails to oust Thai Cabinet ministers
      210 4 AFP OPPOSITION political parties in Thailand failed to oust four Cabinet ministers in Prime Minister Prem Tinsulanonda's government in a no-confidence vote during a parliamentary session in Bangkok. The voting, following a 14hour heated debate on Wednesday, was held under a ruling that
      AFP  -  210 words
    • Article
      Lock icon US affirms its full support for Pakistan
      377 4 AP AMERICA stands fully behind Pakistan in the face of growing attacks and incursions by Afghan forces and will maintain its support if the situation deteriorates, the US ambassador warned. The tough statement on Thursday came as Afghan guerilla groups reported that Soviet
      AP  -  377 words
    • Article
      Lock icon HK urged to enact laws against computer abuse
      146 4 AFP THE HONGKONG government has been urged to introduce legislation to protect computer systems from abuses and frauds as there are no existing laws on this issue there. David Fox, a computer audit manager for Price Waterhouse, told a Rotary Club luncheon
      AFP  -  146 words
    • Article
      Lock icon China to reduce armaments
      70 4 AFP CHINESE Communist Party leader Hu Yaobang told an in* ternational peace conference in: Beijing that China was cutting its armaments but failed to reply to delegates' criticisms of China's nuclear-testing programme. "We are, of oar own accord, cutting down on our armaments and reducing our
      AFP  -  70 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      6 3 EmAm's^SP Easiest Daily to. —i NevvYbrk.
      6 words
    • Advertisement
      Page 3 Advertisements Column 2
      96 3 Financial leasing Talk to our man about money andyouTl be amazed by his know-how of your business We have the strong backing of the OCBC and Midland Bank Groups to give you the kind of service that only comes with good connections. Callus. We offer flexible packages for the construction
      96 words
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  • RAW MATERIALS
    • Article
      PALM OIL
      139 4 PRICES on the Malaysian crude palm oil market yesterday closed off the day's highs on late profittaking after early sentiment was boosted by a limit-up close in Chicago soyoil futures. June deliveries in the south and north regions rose M 512.50 to $1,272.50 and $1,257.50 per tonne respectively,
      139 words
    • Article
      SOYBEAN
      137 4 SOYBEAN futures closed on or near the highs on the Chicago Board of Trade on Thursday, up 9Vi to six cents per bushel in moderate trade. July settled at U555.77 V« after posting an eight cent range on the day. Futures continued to rally on concern over hot, dry
      137 words
    • Article
      WHEAT
      143 4 WHEAT futures closed mostly lower on the Chicago Board of Trade on Thursday, ranging from down 2Va cents per bushel in July to up one cent in thinly traded distant July. Nearby July settled at US$3.2O V* after posting a four cent range on the day. Weakness in Kansas
      143 words
    • Article
      SSR and SMR
      101 4 (cants/kg, 1-ton po«*ti)JUNE 85 JULY 85 (current month) (forward month) NOON NOON RAS Ruytfi Sellers Buyers SSR 20 159 00 161 OON 161 00 163 OON SSR 50 157 00 159 OON 159 00 161 OON MRELB Buyers Sellers Buyers Sellers SMR CV ***** 215.OON ***** 217.OON
      101 words
    • Article
      KL Tin
      104 4 THE Ksals Lampar tin price yesterday recovered fear cents ts U8|29.29 per kg, still wlthla the ITA lewer range bctwees $29.19 and 532.M. The rise was attributed te oversight higher Lsadsa levels aad lewer disposals by misers of 171 tosses agsisst 249 ss Thursday. Csstlased ssppert was asted
      104 words
    • Article
      TEXTILES
      161 4 Yarn (In HK$ per bob of 400 lb) China carded yarn, cones Blu« Phoenix 16's 2,700 Blue Phoenix 20's 2,750 Blue Phoenix 32's 3,200 Blue Phoenix 40's 3,550 Carded yarn, honk Blue Phoenix 21'» 2,950 Combed yarn, cones Blue Phoenix 32's 4,350 Blue Phoenix 40's 4,550 Open-end yorn Blue
      161 words
    • Article
      RUBBER
      170 4 SINGAPORE The market yesterday closed steady with June One RSS buyers quoted at 172.50 cents per kg, unchanged from Thursday night. The afternoon was quiet and featureless due to lack of interest. MALAYSIA The market closed slightly higher at 196.50 cents per kg for June One RSS buyers, up
      170 words
    • Article
      RAS and MRELB
      361 4 RAS prices in S cents/kg, FOB in h >les NOON m (.M CLOSE (aIUM Int 1 RSS Prompt ouyers 174 00 175 00N 173.25 174 25 lot 1 RSS Jun« 85 173 25 173 75 172 50 *****N Int 1 RSS July 85 170 75 171 25
      361 words
    • Article
      Produce exchange
      142 4 Chines* Product Exchange (Sellers' noon dosing prices on Jwm 7. SS/100 kg).' Coconut oil Bufc FOB 117.00 Old drum FOB 130 00 N«w drum FOB 134.00 Copra Mixed (loose) 60 buy on Pepper Rotousta 20/25% FOB NSW 480.00 Nutmeg 110 FOB NSW 413.00 E&W FOB NSW 272.00 Gambier
      142 words
    • Article
      RICE
      275 4 Singapore C-l Ord unq (S$/kiio, ax-godown) Loonzain Rice Frogront new crop Ut ORi 100% 1st grade 100% 2nd grode 2? 2nd 062 100% 3rd grade unq 3fd 0.60 Parboiled Rice New Crop 5% 10% 227 25% 10% no stock no stock 222 Thai Broken Maize unq A-super Special 0.56
      275 words
    • Article
      LONDON MARKETS
      774 4 COFFEE Robusta futures fell on Thursday afternoon as receding concern over Brazilian weather combined with firmer sterling against the dollar to push prices to session lows. Contracts closed with losses from Wednesday night of £20 to £16 a tonne. September traded last at £2,076, down £16, but £3
      774 words
  • Page 4 Miscellaneous
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  • BANKING AND FINANCE
    • Article
      Lock icon Stable prices give Fed more flexibility
      359 5 Renter FEDERAL Reserve Board chairman Paul Volcker said yesterday that a record of price stability would give the Fed flexibility in managing monetary policy. "One reward of a record of greater stability and a credible commitment to maintain that stability will in fact be
      Renter  -  359 words
    • Article
      Lock icon Argentine-IMF talks in final stages
      127 5 Reuter ARGENTINA'S negotiations with the International Monetary Fund (IMF) (or a stand-by loan are in their final stages. Economy Minister Juan Sourrouille yesterday denied a report by an Argentine news agency that an accord with the IMF had already been signed. The semi-official news agency
      Reuter  -  127 words
    • Article, Illustration
      Lock icon Collapse of OTB untimely for HK
      675 5 Colony drafting new laws on bank supervision Reuter FT NEWS OF the collapse of Hongkong's fifth largest locally-incor-porated bank the Overseas Trust Bank (OTB) comes at a highly embarrassing time for the Hongkong government. The heads of the world's SO leading hanks have been
      Reuter; FT  -  675 words
    • Article
      Lock icon Reforms recommended for Tokyo markets
      420 5 FT (WE OF Japan's leading government advisory councils has recommended a sweeping package of reforms for Japan's financial markets, paving the way for fuller deregulation of interest rates and the active promotion of mergers and acquisitions between Japanese financial institutions. The financial system research council's
      FT  -  420 words
    • Article
      Lock icon China urged to ease restrictions
      286 5 AP BANKAMERICA Corp chairman Leland S Prussia has urged China to let foreign banks open branches in big cities with a minimum of restrictions, contending this would expedite the country's economic growth. "We believe that financial liberalisation in China permitting foreign banks to establish branches
      AP  -  286 words
    • Article
      Lock icon Japanese money supply up by o.6pc in April
      150 5 Reuter JAPAN'S seasonally-adjusted broadly defined- nwney supply, M-2 certificates oi. deposit (CDs), rose by 0.6 per cent in April from March when it was up LI per cent from February, the Bsnk of Japan said. Unadjusted, April M-2 plus CDs rose by
      Reuter  -  150 words
    • Article
      Lock icon National Australia to raise rate
      79 5 Reuter NATIONAL Australia Bank Ltd yesterday said it would lift its base lending rate for large corporate loans to 16.50 per cent from 16.25, effective June 11. The bank said the rise was linked to the longer term costs of funds and reflected continuing pressure
      Reuter  -  79 words
    • Article
      Lock icon Limitations on orphan financing units
      359 5 Reuter AMERICA'S Securities and Exchange Commission (SEC) has imposed a restriction on the future reliance by public companies on so-called orphan financing subsidiaries to raise capital on their behalf. The commission unanimously endorsed a proposal that such financing units be approved only if the public
      Reuter  -  359 words
  • MONEY AND EXCHANGES
    • Article
      Forex markets
      577 5 SINGAPORE The US dollar yesterday closed mixed against major currencies on thin volume with trading centring on the yen. f Australian interests managed to lower the dollar to 248.07 against the yen before Japanese commercial and European interests gradually bought it back up to end at 248.55/70 but
      577 words
    • Article
      Treasury bills
      86 5 RESULTS of tender held yesterday for: 91-day Treasury bills to be issued from June 10 to June 14. Offered: $140,000,000. Apple i fir: $268,000,000. Alletted: $140,000,000. Accepted Mds: $99.31 approximately 76 per cent; higher bids in full. Average rate el diseeaat sa alletmeat: 2.755 per cent per annum.
      86 words
    • Article
      Money markets
      120 5 THE OVERNIGHT rate on the Singapore interbank money market fell by 2 points from Thursday to close at 4 per cent yesterday. The one and two month term rates rose by 3/16 points while the three month term rate rose by S$ Interbank rates at 3pm yesterday: OH*
      120 words
    • Article
      Foreign Exchange
      210 5 Interbank rotes at 3pm yesterday: Local dollars to oao mat of foro^^o carroaqr. >eoe partly US dolor Starting pound Austroion dolor HZ dolor Canodkm dolor ***** 2.8231 1.4714 0.9943 1 6163 2.2170 2 8266 1.4743 ***** 1.6182 2.8196 7.3469 ***** 3 4286 3.4206 -21.41 -61.57 -57.08 -71.00 -52
      210 words
    • Article
      Lock icon Simex
      348 5 BA Future* Inc EUBODOELAB futures yesterday opened lower than IMM's close mainly on light profit-taking in view of higher than expected increase in money supply. Market was very quiet. However, prices began edging higher during Liffe opening as traders anticipated the US unemployment figures to provide further indication ot
      BA Future* Inc  -  348 words
    • Article
      Gold
      170 5 HONGKONG: The metal yesterday closed slightly softer in fairly quiet trading, reflecting the late steady tone of the US dollar. The metal ended at U*****.20/70 an ounce compared with the $315.40/90 close in New York and the $314.75/315.25 finish here on Thursday. On the local market, gold rose HK$3
      170 words
    • Article, Illustration
      Asian $ market
      338 5 Asian market ASIAN dollar deposit rates yesterday closed steady at opening levels in very quiet trading with operator* cautious ahead of the day'a US unemployment data. Rates were initially up to 3/16 point firmer on profit-taking and some bidding interest with higher Eurodollar deposit rates also aiding sentiment. Thereafter rates
      338 words
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  • TIME- OFF
    • Article
      Don't give this an icy stare
      523 6 WANDERING desert Bedouins, assuming they had heard of Singapore, would fall laughing from their camels if they were given the annual rainfall figures for this island and then told it was vital for us to conserve water. But it is. Since 1963 water consumption
      523 words
    • Article, Illustration
      Riding into the sunrise
      993 6  -  Paddling your own canoe around the island's waters can be a memorable experience By ANNA TEO Canoeist LONG BEFORE the Tourism Task Force thought that rowing and other sea sports could be making waves at some of our reservoirs, hundreds of the young and not-so-young have
      993 words
    • Article
      STRAWS in the Wind
      239 6 "NUDE EXECUTIVE WANTED", roared the advertisement. The obvious question was "what for?" The idea of an executive sitting behind the polished mahogany table receiving visitors in his (or her, equal opportunities ought to apply) birthday suit was titillating. The answer was more mundane. The advertisement in
      239 words
    • Article
      BILLBOARD
      1126 6 What's on from June 8 14 jfIHfIHBBHfIpMHMfIMH Hfe, HhmM BALLROOM DANCING: Every Saturday. Sentosa Island. 7-10pm. Free, but tickets to the island needed. CONCERT: The Singapore Symphony Orchestra Braaa Quintet. Victoria Concert Hall. •.15pm. Tickets: $3, $5, $8. A programme with "universal appeal" i.e classical, popular and jazz music
      1,126 words
    • Article, Illustration
      The floating world of Japanese woodblocks
      175 6 THE briHisnt and intimately appealing art of tha ukiyo-m woouDvOCK pi inij wnicn flouriahad in Japan from tha mkM7th to mld-I»th cantury, is tha most universally known of all Japanaaa art. It originatad as an art of tha common people and raflactad thair delight
      175 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      792 6 immmh ii nil ■Uu 'JIM'/, H m CRYPTIC PUZZLE ACROSS 9 I soon found out, through capturing the kiHcr (8) 10 Figure that is the position 11 The light would be a trick (6) 12 Force one to put in a different globe (6) 13 Shout "An evil and a
      792 words
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  • SPORTS
    • Article, Illustration
      Stay with Jingle Bell for a ringing victory
      709 7  -  By BRIAN MILLER WHEN CNit Of Hmw beat Jlagle Bell IV in the Agong's Gold Cup Trial last Sunday, punters whose opinions often differ were this time quick to agree that the trainer Teh Choon Beng had the big one all sewn
      709 words
    • Article
      Lock icon Chief's Crown favoured for third time
      175 7 UPI CHIEF'S CROWN, still trying to live up to expectations and his two-year-old championship after losses in the Kentucky Derby and Preakness Stakes, was again installed as morning-line favourite for the final leg of the Triple Crown, the U*****,900 Belmont Stakes. New York Racing
      UPI  -  175 words
    • Article
      Jurong Open could be battle among Madasamy brothers
      441 7  -  By WALTON MORAIS THE BATTLE for premier honours in the 18-hole Jurong Open charity golf championships tomorrow could turn out to be all in the Madasamy family. Madasamy brothers Murugiah and Balraj, both in the Republic's Putra Cup squad, are the early
      441 words
    • Article
      Lock icon Martina, Chris move in for showdown
      660 7 AFP THE WORLD'S top-ranked women's players, Martina Navratilova and Chris Evert-Lloyd, moved into yet another classic showdown when they qualified (or the women's singles final at the French Open tennis championships in Paris on Thursday. Both slapped back the challenge of youth to re-assert
      AFP  -  660 words
    • Article
      Lock icon Lakers look to winning Game 5
      385 7 UPI THE Los Angeles Lakers, seemingly in control of the National Basketball Association finals after winning two games and having two more at home, must beat the Celtics in Game 5 or face the task of winning both games at Boston Garden. "We're looking
      UPI  -  385 words
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      Page 7 Advertisements Column 1
      33 7 CURKHHCH gives you more than a run for your money jOffa >/ci«(wch\% w I mmnacßißE \Xf fbrf > Si He gives wayo PHY9OIRTNE3B CB*BB Marco Polo Hotel, Tanglin Road, Tafc *****81 e&nder visit to*
      33 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      1215 7 to vm mm TV HIGHLIGHTS Mork Twoin: Beneath The Laughter 9.20pm, Channel 12 A carefully researched film on the life of one of America's most famous writers, Mark Twain. This biography was made with the aid of Twain scholars and it shows Twain's personal tragedy. Authentic dialogue and dramatised incidents
      1,215 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Coke says 75pc who tried new formula liked it
      363 8 NYT THE COCA-COLA CO has said that about half of America has tried the recently reformulated coke, and that 75 per cent of those who tried it plan to buy it again. The Atlanta-based soft drink maker indicated that its shipments
      NYT  -  363 words
    • Article
      Lock icon Reuters unable to bid for UPI
      163 8 Reuter REUTERS, the world news and information organisation, is unable to pursue its interest in United Press International (UPI) because UPI has (ailed to provide requested business information. A Reuter spokesman said the company had expressed its interest in writing on May 14 but
      Reuter  -  163 words
    • Article
      Lock icon Wall Street prices touch all-time high
      302 8 Reuter WALL STREET stock prices rose on Thursday to record highs for the second consecutive day and the third time in five sessions. Analysts said investors were shifting money into stocks from other areas such as bonds. The Dow Jones Industrial Average Jumped by
      Reuter  -  302 words
    • Article
      Toronto
      130 8 kr*> Oi 50* 1* JUNI 0* CI •9* AMfa 19* 33* M Pro* Pip* |rw Un «2H 21 inch Alootno 23 Korr Add 16* 20 30* 2* inch 13* 23 43* 17* H BP Can Ltd 33* uncfc Moor* Cp 2^* 29* 35* Nofonrio Mrt 16 inch 21* 4*
      130 words
    • Article
      Johannesburg
      238 8 JUMC 0* Raad MOUSTMALS Wdoioorlh MM 1600 NGS inch 875S Anglo* 2910 35 Abarcom Angtvool ***** unch 10 -100 AE And a 775 inch 15 25 Stev:::::::::: 7600 Amawep AMC 2900 Chortar 4708 C G SmM* 1240 2675 3005 10 inch inch Con* Gold Com Murch Da Baan 1360
      238 words
    • Article
      New York
      627 8 JUNi 0* uss AJcon Mmn 24* AJcoo 31 ALod 25* AM Chun C# Alid StorM 42 57 AJh-Oiahtari 5* Am Brandt he 68* Am Broodca»t Ill* Ami Car Co 57* unch Am CronanM 54* 1* Am Etae P«w 23* Am Exproat 47* mti 66* 2*. 1% AmTdl Tat
      627 words
    • Article
      European markets
      761 8 Amsterdam JUM 0* AM Fit 45SS0 405 Aagon ***** 05 Ahou 120 70 -IOBB Afczo AMEV 110 00 -06 249 50 mdi Aiwro Bark Bart* Bob ZZI" B0 AO <U 38 50 -2 96 50 -0 5 ***** -I Bokob Bur Tat Catartd CaKa Dal M, Ekrw Fckkar
      761 words
    • Article
      Lock icon GM third in Europe
      71 8 AFP GENERAL MOTORS (GM), the world's largest car maker, is now in third place in European car sales, behind Ford and Flat, due mainly to the Corsa, a small-size car produced in Spain. GM, through its Opel and Vauxhall marks, has moved up from 8J per
      AFP  -  71 words
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      Page 8 Advertisements Column 1
      82 8 a 7 18 v *77? A C A y, %tVj f <j y > C* V rv^v L*. <\V^xv i." vi.'N vVisSta.^'*! -N*jAl" W,' -»iH, wwm *yY/ /J. m M M *y < rW, r/ <M Jf t~*-. i^SSSSvSBS <NV>*V% VT /V,>BF *v2^V* O r „v i/fi^\x/'A mmmmmmm?/ <• >
      82 words
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      Page 8 Advertisements Column 2
      129 8 m 1 *X\ 5* v 4W L'! ****tzi££* v^ h^ in vr ha» thnlVt lL«ca\ 10 and "fp"* jSlavounwdnnW < w ns 1 HOTEL ASIA Many happy Mum* 37 Scotts Road Sngwoeo922 a Tet *****88 Max RS ***** HOTASIA I Novotel Orchid Inn Presents Indonesian Exotica S' 50 < c,*
      129 words
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      Page 8 Advertisements Column 3
      80 8 d Sfe IR&fE* Time: 12 noon 2.30 pm Price: $12.00** Fashion Show: 1.15 pm MocWs by: maiWwWn Modeling Agency cuMtr Fong Fong Fashion House SMCAFOH 181. Kilchenar Road. Singapore 0820^ Tel: *****22 Entertain your friends in Royal Style at EMPEROR'S ROOM a comt>KXJt>or of bo»ti East 000 West o*"XsJo'>!'e is
      80 words
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      Page 8 Advertisements Column 4
      127 8 Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16++ each and $20++ each (mln. 2 persons). Over 50 a la carte specialities are also available. a* SMGAPORE HOTEL 10 Eu Tong Sen Street. Singapore 0105 Tel
      127 words
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      Page 8 Advertisements Column 5
      94 8 London stocks, pogo 11 V LOMMgB Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet Body M Soul from the Philippines. They'll captivate you! Happy Itonrei Spa 7pa. 29% off all driaka. #PWWCEHDm 270 Orchard Road.
      94 words
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  • ASIAN STOCKS
    • Article
      Hongkong
      358 9 HONGKONG: SHARE PRICES yesterday tumbled sharply under heavy selling pressure following the closure by the government of the Overseas Trust Bank because of insolvency. The Hang Seng Index fell 86.96 to close at 1,542.55. It was the sharpest fall since the index lost 119.84 on Oct 5, 1981, to
      358 words
    • Article
      Taipeh
      193 9 JUNC 07 Al Sinew* Mut MT$ 1.92 -0.01 Lian Hwa Indut Nan Ya Pirn 11.20 26 30 1680 •0.1 -0.1 0.2 Am Cmmunl Cathay Cora Owng Hw« Bank 23.20 23 60 49.00 1890 +02 -0.1 7o.i Pacific Etoct Wiro Pootung Popar 13.75 0.99 16.50 unch -0.06 20 70 0.1
      193 words
    • Article
      Tokyo
      301 9 XJNf 07 Ajinomoto Vaa noo 10 Mit*ub Haovy Mmubghi 304 660 372 inch •8 2 Aka Amodo 410 925 unch 9 Mitw SNpbWg 174 •S Atahi Cham Auta Gkn* 1010 870 -20 Mitiu S(D#lhnfl Mitiukothi 590 810 19 10 Bonk TV 836 528 1140 •3 -2 10 Murota Mtg
      301 words
    • Article
      Manila
      110 9 MANILA: Share prices closed easier in dull trading. The Commercial and Industrial Index fell 1.36 to 128.61, the mining marker 2.40 to 677.22 and oils 0.005 to 0.777. PLOT fell to 40 from 41. JUNE 07 p SStSTLMM Montoai OMntd B PMn B 0.0014 tnch 0.011 inch 0 1
      110 words
    • Article
      Sydney
      479 9 SYDNEY: Australian share markets closed steady in dull trading as investors recovered from heavy selling early in the week. At the close of trading, the All Ordinaries Index had added 0.4 points to 858.7, the All Resources Index fell 0.4 to 569.9 and the All Industrials Index gained 1.4
      479 words
    • Article
      Bangkok
      157 9 BANGKOK: Share prices closed higher in moderate trading. The Book Club Index rose 0.35 point to 138.97 and gains led losses by more than two to one. Turnover rose to 164,141 shares worth 28.7 million baht from Thursday's 131,012 worth 17.9 million. JUNf 07 AokSom Thai B«to> Smm Camar*
      157 words
    • Article
      Seoul
      73 9 JUNE 7 Won unch I tymdoi Const 1 1 rin IIi-^mi KAL 906 579 428 -4 +5 -1 Choh*ung Bk 570 Korvo Fht 633 unch -22 3 Commercial Bk 624 ♦3 -•-3 unch 2 ♦3 Koto SNp 1465 405 573 2 543 Sarmcrtg Co 700 +5 477 Sonatina El*c
      73 words
    • Article
      Lock icon Four Thai stocks suspended
      75 9 Reuter THE Securities Exchange of Thailand has temporarily suspended trading in four listed stocks. The exchange suspended for at least seven days, trading in Karnasuta General Assembly Co Ltd, Union Thread Industries Co Ltd and Bata Shoe Co of Thailand Ltd, pending a review of their
      Reuter  -  75 words
    • Article
      Lock icon Vietnam asks Kaiyo for help in oil exploration
      316 9 AFP VIETNAM has asked Japan's Kaiyo Oil Co and other Western companies to help with oil exploration in the South China Sea off the Mekong Delta. A Kaiyo spokesman said on Thursday Petro-Vietnam had also approached Elf Aquitaine of France, Petrofina of
      AFP  -  316 words
    • Article
      Lock icon Jardines' head denies company facing takeover attempt
      149 9 AFP THE CHAIRMAN of Hongkong's trading flagship, Jardine Matheson, has denied rumours that the company is facing an imminent takeover bid. Jardines' chairman, Simon Keswick, said after the company's annual general meeting on Wednesday that the controlling Keswick family had no intention of
      AFP  -  149 words
    • Article
      Lock icon Hitachi expects profit growth to be slower
      394 9 Reuter HITACHI LTD group net income and sales will increase much more slowly in the year ending March 31 1986 than in the past year. The company says group net sales are expected to rise by 5 per cent to 5,260 billion yen
      Reuter  -  394 words
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      Page 9 Advertisements Column 1
      688 9 15 a* H IS i If frn Al you'l ever want from a card and more inHHpnHKM mmmamm FOR FURTHER INFORMATION CALL ,r ,so ir.2 NOW Live wire Gina Ler and her band Skorpio return to the lON BAR with more high-energy rock and roil. Catch her show every night.
      688 words
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      Page 9 Advertisements Column 2
      66 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL With Ramon D New Blackjacks Happy Hours: spm 7pm With Sunny and Stamford For reservations please call 734 6622 a mjummmitjL moTmi_ 19, Cairnhill Circle, Singapore 0922 Our Chefs Recommendation: Cr® arn Z-iOP® rson^ Bed Bear Lunch Speciality: Dtan Xin a TUNG
      66 words
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  • SHARE INFORMATION
    • Article, Illustration
      Market loses ground under selling pressure
      4138 10 A WAVE of selling in the final hour of trading sent share prices sharply lower across the board on the Singapore stock market yesterday. Blue chips, particularly banking issues, came under selling pressure and as a result suffered dou-ble-digit losses. Brokers attributed the fall
      4,138 words
    • Article
      Chief price changes
      182 10 SINGAPORE R|»«« Indie** StSSi!' IS :!S° HE—. t£".} itti ClHMfi 50« 235 +10 Kfc*5S" »»0»4 »>*6445 MVm 239 4 fj 08/OS -27* -JOS Omm Tack 255 4-3 ST*09.18 100.12 MTC7I< 372 -f2 STF»-"ea 200.52 2305.70 Kaatack, S»a» 284 1-2 10 B21A3 ST Praparfiai 4*2.27 ***** C a
      182 words
    • Article
      Business done on the SES
      2835 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 Settlement Contracts are quoted after the word "SETT".
      2,835 words
    • Article
      COMPANY MEETINGS
      111 10 ASIATIC DEVELOPMENT BERHAD: Seventh AGM at the Conference Room, 8th Floor, Bangunan UMBC, Jalan Sultan Sulaiman, Kuala Lumpur on Tuesday, June 11 at 9.30 am. BEDFORD BERHAD: Six-ty-first AGM at Chartered Bank Chambers, Beach Street, Penang on Tuesday, June 11 at noon. GENTING BERHAD: Seventeenth AGM at Conference
      111 words
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  • COMPANY NEWS
    • Article, Illustration
      Show of strength
      252 11  -  CHART P|llNT By HOCK LOCK SIEW PROBABLY the strongest stock in our generally* lacklustre stock market is Genting Bhd ($6.10). If one compared this counter's weekly chart with just about any other local stock, one can't help but be impressed by the way Gentings has held its
      252 words
    • Article
      Selected indices
      104 11 HONGKONG Hong Song Injk* Friday 1542.55 1629 50 Week ago 1613 87 TOKYO Tokyo Dow Jones Friday *****.59 Thureday *****.11 Wnk ago ***** 46 TSE Index Friday 1005.70 Thunday 1003.73 Week oqo 997 03 SYDNEY AustroBon Minings Friday 516.0 Thursday 5I6.B W»«k ago 537.7 Australian Industrials Fndov 1229
      104 words
    • Article
      LONDON STOCKS
      891 11 SHARE PRICES closed sharply easier yesterday with reports of a cut in oil prices by Abu Dhabi, a sell-off in the electrical sector and the pending offer for sale of Abbey Life, all combining to push market indices down sharply. At 2.30pm, the FTSE 100 Index was down
      891 words
    • Article
      Batu Lintang interim pre-tax falls 4.5 pc to M$6.lm
      321 11 BATU LINTANG Rubber Co Bhd, a member of the Tan Sri Lee Loy Seng group, has recorded a 4.5 per cent fall in operating pre-tax profit to Ms6.l million for the first six months ended March 31, 1965. This was in
      321 words
    • Article
      Unit trusts
      228 11 MoMjtn' pricM for JtNM A 10 Stngapora Unit Trust The Cunwu 1 85 '1 98 Tho So«tiy Ftnd 1 .40 1 48 S'pon Prog Ftfid 0 81 o*. S i>ixt S«e Fwid 1.20 1 27 S'pora IriTMr Find ON 093 S'para EquTy Fund 0 83 0(7 Asia Unit
      228 words
    • Article
      Bonus from Metal Box
      490 11  -  Group earnings rise in second half By HOMER CHEN AMIDST the current market gloom, Metal Box Singapore Ltd has brought some cheer with a modest one-for-four bonus issue, its second in three years. The bonus issue, which appears to explain the company's decision to ask for
      490 words
    • Article
      Most CSM holders reject Raleigh offer
      436 11  -  By RAMESH CHANDIRAMANI UNCONVINCED about the financial merits of merging with Raleigh Bhd, most shareholders of Cold Storage (Malaysia) Bhd refused to accept the former's two-for-one all-share buyout offer which closed on Thursday. Bumiputra Merchant Bankers Bhd, on behalf of Raleigh, disclosed yesterday that
      436 words
    • LATEST RESULTS
      • Article
        RAHMAN HYDRAULIC Tin Bhd:
        42 11 Group pre-tax profits edged up to Mss.l million in the half-year to March 31, 1965, from $5,086 million in the previous half. Net earnings per share rose to 9.1 cents from nine cents. No interim dividend was mentioned.
        42 words
    • Article
      KLSE to meet on plans to build its own home
      327 11 THE SEARCH (or a home of their own will be pot before members of the Kuala Lumpur Stock Exchange on June 16 when an extraordinary general meeting will consider plans to develop the exchange's own building. Sources said the meeting
      327 words
    • Article
      Last minute selling hits stocks in KL
      511 11 SHARE PRICES retreated across the board as a late bout of selling hit the Kuala Lumpur stock market yesterday. Trading interest, however was still quiet, although turnover registered an improvement over Thursday's, which was the lowest in two-and-a-half years. A total of 4.85
      511 words
    • Article
      Business done on the KLSE
      2158 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 ofl.ooo- unless otherwise specified. HXIS TRIALS Ajwoototo (3 06S) A Choc (2.095) AMD (3 026 3.045)
      2,158 words
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  • Article
    US investments in S'pore rise 25pc
    534 12  -  Manufacturing sector the single biggest recipient By LOH HUI YIN US INVESTMENTS in Singapore reached US$5.2B billion at the end of last year, a 25 pa* cent increase from two years ago. "This is a substantial jump and a figure of which the American
    534 words
  • Article
    Home buyers take advantage of interest rate differentials
    583 12  -  By AMY BALAN MORE home buyers have been doing some smart work with their pocket calculators and have concluded that they can save money by switching their p-rigHng loans to take advantage of prevailing interest rate differentials. Several financial institutions and legal
    583 words
  • Article
    HLF lowers rates for housing loans
    200 12 HONG LEONG Finance is now quoting the best housing loan rates in town, after Credit POSB and NTUC Income, but not many people, including its competitors, are aware of it. Although the new rates 8.75 per cent for a one-10 year loan, 9.0 for
    200 words
  • Article, Illustration
    OCBC out to exploit current sluggish conditions
    359 12 WHILE other banks might shy away from lending, OverseaChinese Banking Corporation is continuing to }ook for new business, according to its chairman Mr Yong Pung How. "The hank is in a good position to exploit the current sluggish conditions," he said in a
    359 words
  • Article
    Employers urged to contribute more to unions
    271 12  -  CHUANQ PECK MING A LEADING trade unionist yesterday said that relations tween employers and unions would improve if employers contributed to tmkns' efforts to enhance their members' welfare. railing for such a contribution, Mr Othman Haron Eusofe, assistant secretary-general of the National Trades
    271 words
  • Article
    Ngo Hock put into receivership by major creditor
    301 12  -  By JEFFREY TSANQ NGO HOCK AUTO SPARES, the importer of Porsche, cars, has been put into the hands of a receiver by a major creditor, following the disappearance of Ngo Hock's managing director, Mr Lim Pin Nguon. Great Pacific Finance Ltd, to
    301 words
  • Article
    Lock icon Dow Jones higher
    64 12 Renter THE New York stock market pushed higher in early trading yesterday, carrying an advance into the fourth session. The Dow Jones Industrial Average was up more than two points to 1330. Advances led declines by a slim margin on volume of 15.19 million shares. ATT led
    Renter  -  64 words
  • LATE FILE
    • Article
      Lock icon HK share prices higher
      46 12 Renter HONGKONG shares traded in J/wrlon rallied yesterday in (airly active trading on news that the Hongkong government is to take over the Oversees Trust Bank following its collapse on Thursday. The decision helped calm investor worries and saw prices moved higher.
      Renter  -  46 words
    • Article
      Lock icon Call to amend Malaysian law
      50 12 Bernama THE MALAYSIAN law should be amended so that those involved In the $15 billion Bumiputra Malaysia Finance loan srsndsi can be prosecuted in Malaysia instead of in Hongkong where the Bank Bumiputra subsidiary is based, former prime minister Tun Hussein Onn said yesterday. Bernama
      Bernama  -  50 words
    • Article
      Lock icon 'China involved in coup attempt'
      35 12 Renter INDONESIAN Foreign Minister Mochtar Kusumaatmadja yesterday said he has evidence China "was involved" in n leftist coop attempt that has strained relations between the two countries for 20 years.
      Renter  -  35 words
    • Article
      Lock icon No subsidies, EEC tells France
      46 12 Rmiter THE European OomnWoo yesterday told France not to go ahead with a 150 million franc subsidy plan for its textile industry which it said is contrary to community competition rules. It said there was "no Justification" for the help. Renter
      Rmiter  -  46 words
    • Article
      Lock icon Lebanon loses American aid
      49 12 UPI THE REAGAN administratis! has decided to shift US$37 mifflon in unspent economic aid earmarked for war-torn Lebanon to Jamaica and Grenada. The State Department said the action was taken because fighting and disarray in Lebanon have made the delivery of the aid impossible. UPI
      UPI  -  49 words
    • Article
      Lock icon Tsai appeal rejected
      35 12 AFP AN APPEAL court in Taiwan yesterday upheld a 15year Jail term for busineas tycoon and legislator Tsai Chen-Chou for issuing bad cheques, and tripled his fine to US$2.4 million AFP u
      AFP  -  35 words
    • Article
      Lock icon Call for Seoul PM to resign
      39 12 Reuter SOUTH KOREA'S main opposition party, the New Korea Democratic Party, yesterday called for the resignation of Prime Minister Lhoshin-Yong, accusing him of involvement in fraud in the February 12 general election. Reuter
      Reuter  -  39 words
    • Article
      Lock icon Strike at New York Exchange
      31 12 DPI PAGES and clerks at the New York Stock Exchange yesterday voted to strike next week in a contract dispute over Jobs threatened by automation. UPI
      DPI  -  31 words
  • Article
    Lock icon Premier Lee arrives in Bangkok
    130 12 Reuter PRIME MINISTER Lee Kuan Yew arrived in Bangkok yesterday for a two-day visit during which he is expected to discuss Cambodia and other issues with top Thai officials. Mr Lee was met at the airport by Thai Prime Minister Prem Tinsulanonda and was whisked
    Reuter  -  130 words
  • Article
    Dealer fined for fake watches
    81 12 A WATCH DEALER was fined the maximum of $2,000 yesterday for trying to sell 1,309 fake watches. Ng Swee Keng, 24, pleaded guilty to having the watches at his store in Golden Mile Tower on July 20 last year. The court was told that the
    81 words
  • Article
    Singapore Land 'loses' possession of Gateway
    241 12 SINGAPORE LAND has been without possession of its Gateway project for six months, the property company disclosed to its shareholders yesterday. The half-completed development in Beach Road has been in the hands of its main contractor, Turner East Asia, since last December, and is
    241 words
  • Article
    Lock icon Focus on chemical plant hazards
    253 12 Reuter ACTION to prevent chemical plant disasters such as a poison gas escape that killed 2,500 people in Bhopal, India, was a major topic at the annual conference of the International Labour Organisation (ILO) which opened in Geneva yesterday. Two draft resolutions submitted for consideration
    Reuter  -  253 words
  • Article
    Lock icon Call for more cooperation
    115 12 Reuter REPRESENTATIVES of a group Unking 66 African, Caribbean and Pacific (ACP) states celebrated the 10th anniversary of its foundation in Brussels on Thursday with a call for stronger "South-South" cooperation. Senior group members said ministers would hold a special meeting in Harare in October to
    Reuter  -  115 words
  • Article
    Lock icon Nakasone rejects Japanese export surcharge
    179 12 Reuter PRIME MINISTER Yasuhiro Nakasone yesterday rejected imposing a surcharge on Japanese exports as a way of reducing Japan's trade surplus with the US. He told Parliament's Upper House such a tax would clash with the concept of free trade and said it could trigger
    Reuter  -  179 words
  • Article
    Lock icon Oil exports up
    56 12 Reuter CHINA'S 1984 exports of crude oil rose 49 per cent over 1963 to 22.07 million tonnes while exports of refined products rose 16 per cent to 5.7 million. Customs statistics show that total earnings from crude and products reached 12.49 billion yuan, or 21.5 per cent
    Reuter  -  56 words
  • Article
    Lock icon Indian women inmates escape prison to look for husbands
    180 12 Reuter INDIAN POLICE yesterday searched for 28 women prisoners including prostitutes who beat up male guards and escaped from a reform home because they wanted husbands. They were among 40 female prisoners, aged from 15 to 35, who broke out of
    Reuter  -  180 words
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  • Page 12 Miscellaneous