The Business Times, 6 July 1985
1985-07-06
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The Business Times
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Title Section11 1985-07-06 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, JULY 1985 60 CENTS11 words
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Article, Illustration551 1985-07-06 1 BOEY KIT YIN - Suppliers and supporting industries can expect $60m orders By BOEY KIT YIN A SECOND MAJOR investment of Ss7o million in Singapore by American telecommunications giant AT&T is expected to generate $60 million worth of business for local suppliers and supporting industries. The551 words
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358 1985-07-06 1 THE HOUSING and Development Board has further eased its resale rules to allow those who bought their HDB flats on the open market to sell them after two-and-a-half years instead of five. This revision in HDB resale policy is358 words
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146 1985-07-06 1 Reuter A ROBOT SUBMARINE has found the wreckage of the Air India jumbo jet which crashed into the Atlantic Ocean off Ireland, killing 329 people, said the submarine's operators, Cable and Wireless, yesterday. Television pictures from the submarine, released yesterday, showed 10 large sectionsReuter - 146 words
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232 1985-07-06 1 TOTAL BANK LOANS rose by $149 million in April to $36.9 billion, after modest increases in the preceding two months. The Monetary Authority of Singapore, in its latest monthly statistical bulletin, said that the bulk of April's increase was in loans232 words
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Article, Illustration349 1985-07-06 1 SHARE PRICES slumped to a 30-month low yesterday, providing a gloomy winding up to a bleak week of continuous falls on the stock market. The Straits Times Industrial Index finally crashed through the January 1985 low by falling 11.24 points to a two-and-a-half year349 words
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510 1985-07-06 1 IN THE CARTOON, the Smurfs would have fought hard to get out of trouble. In real life, their Singapore agent, Cardinal Points, offered no resistance and so was wound up in the High Court yesterday. Two other companies which had been in the news510 words
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Article, Illustration387 1985-07-06 1 FOO CHOY PENG - By FOO CHOY PENG A SINGAPORE study team, led by former First Deputy Prime Minister Goh Keng Swee, will leave for China next week on a fact-finding mission. The visit will include Hainan Island and Guangzhou where Dr Goh is expected to387 words
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Article83 1985-07-06 1 FOUR MORE have joined the Central Provident Fund. They are Mr Low Wong Fook, Mr Boon Yoon Chiang, Mr Wilson Lim Ser Khye and Mr Lew Syn Pau. The appointment, which took effect from July 1, is for three years, according to the latest issue83 words
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Page 1 Advertisements
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Advertisement219 1985-07-06 1 International Conference on OIL TRADING ACTIVITIES and OPPORTUNITIES in Asia Pacific Basin 16-18 Sept Hyatt Regency S pore Supported by: S pore Trade Development Board Spore Economic Development Board Organised by: tnterlama Pte Ltd 1 Maritime Square #12-05. World Trade Centre. S pore 0409 Tet *****12 THE CLUB THAT STANDS219 words
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Advertisement272 1985-07-06 1 OUR VIEW INTERNATIONAL borrowing continued to grow rapidly last month as new lending instruments took up the slack left by a THE PACE of high technology quickens by the day, but the j n Eurobond issues. age of instant information and communication has advan- Page 5 tages and some disadvantages.272 words
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Advertisement0 1985-07-06 1 /$)^}`,]&*&);|@=:~><`/]'$;;}@@|0 words
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Advertisement180 1985-07-06 1 pea water esiaaa <3Sicl '86 International Water Technology Exhibition Conference 27 February 2 March 1986 World Trade Centre S pore Interfama Pte Ltd Marine P.irade PO Bo* b33 Singapore 1544 Tel *****12 Tek** RS ***** INFAMA Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of180 words
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HOME NEWS
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467 1985-07-06 2 LUCY NG - By LUCY NG GALAX EQUIPMENT director John Christensen dismissed claims yesterday that the company's vans and forklifts were being stowed away before it went into voluntary liquidation on Monday. Some employees and creditors of Galax Equipment had suspected their equipment had been467 words
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293 1985-07-06 2 THE TRUST FUND that Chartered Industries of Singapore and its employees set up 14 months ago has grown very nicely. Mr David Ang, senior manager (personnel) of Chartered Industries, said yesterday the amount in the fund called Company Welfarism through Employer's Contributions (Cowec) came close293 words
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373 1985-07-06 2 THE SINGAPORE Tourist Promotion Board (STPB) is hoping to attract more tourists from Canada by participating in Expo '86, a world fair centred on transportation and communications. The STPB will share participation costs with Singapore Airlines and Telecoms, which will also be373 words
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113 1985-07-06 2 TWO NINE-DAY-LONG exhibitions Apartment Kitchen '85 and Lifestyle '85 will be opened this morning at the World Trade Centre by Mr Voratep Wongvidtaya, commercial counsellor of the Royal Thai Embassy in Singapore. Organised by Exhibition Technics, the shows are sponsored by the Singapore113 words
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Article, Illustration256 1985-07-06 2 ABOUT 30 French watch and clock makers, and 18 German jewellery manufacturers will take part in the "European Watch, Clock and Jewellery Fair Singapore 1985" show from Oct 29 to Nov 1. They will be among more than 150 exhibitors from 12 countries expected to256 words
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Article315 1985-07-06 2 QUALITY CONTROL Circle (QCC) clubs can soon raise their own funds under the umbrella of the QC Circle Association, once the association is approved by the Registrar of Societies. The Association could also allocate funds to the QCC Clubs to help them in their315 words
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Page 2 Advertisements
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Advertisement207 1985-07-06 2 %v KKNAILT m L_LLJ., T K*l \K 'm. mm mm >. w ■v: m* N RENAULT 25 It cost a cool $706 million to build. Once you've driven it you'll agree, it's money well spent. a GTS Automatic 1995 cc. Twin choke carburettor GTX Automatic 2165 cc. Renix electronic fuel207 words
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OVERSEAS
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429 1985-07-06 3 NYT PRESIDENT Ronald Reagan, who has spent the last month trying to drum up support for his tax plan, has decided to shift his focus from taxes temporarily and begin a new push to win congressional approval of a defi-cit-reducing package. White House officialsNYT - 429 words
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Article919 1985-07-06 3 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movamont Ship Voy date/time Operator cargo achadula Location P Vanburen 140E 06.7.85 2300 APL F8 1000-1100/1000-1100 L3/N3 Vira Bhum 12N 07.7.85 0330 S'pore Shpg F1 0900-1000/1430-1530 N1 Gao Cheng Kai Maru 2 07.7.85 0500 Y919 words
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224 1985-07-06 3 AP CHANCELLOR HELMUT KOHL has praised the planned US-So-viet summit, saying that without such a meeting, he did not believe there could be any "progress" in the Geneva arms reduction talks. The Soviet government announced on Wednesday that communist party leader Mikhail Gorbachev wouldAP - 224 words
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Article, Illustration571 1985-07-06 3 AP UPI THE SOVIET LEADERSHIP, issuing warmer greetings than last year, congratulated the US on its independence day on Thursday and called for more constructive superpower relations, while a top Soviet editor predicted that the November summit between US President Ronald Reagan and MikhailAP; UPI - 571 words
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311 1985-07-06 3 Reuter INTERNATIONAL Monetary Fund (IMF) managing director Jacques de Larosiere said yesterday the huge US budget deficit must be reduced because it threatens the international economic system. He said the US deficit was being financed by savings from overseas and suggested these funds might beReuter - 311 words
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Article744 1985-07-06 3 ARRIVALS Operator Service Local From number time PAA PA2I 0020 LAX/TYO/ HKG sv SV379 0115 SEL CAL CI333 0130 TPE SIA SQ4I 0535 MAA MK MK746 0755 MRU CV CV796 0815 LUX/DXB MAS MH68I 0820 KUL KAL KE624 0840 KUL MAS MH603 0905 KUL MAS MH671 0935744 words
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166 1985-07-06 3 AFP SOUTH AFRICA is to lift one of the restrictions on non-white employment laid down in the country's Group Areas Act. Constitutional Development and Planning Minister Chris Heunis said in Pretoria yesterday that removal of the clause in the act would permit nonwhitesAFP - 166 words
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Article223 1985-07-06 3 AP MORE THAN 300 years after his death, Pierre de Fermat, "the prince of amateurs," is keeping two professional mathematicians and their computers so busy they may not be finished before the end of this century. Oliver Atkin and Neil Rickert of the University of Illinois,AP - 223 words
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Article76 1985-07-06 3 Reuter THE UK CABINET is expected to consider public expenditure plans for the next three fiscal years next Thursday. As the government's popularity has waned, some of its supporters have been pressing it to step up its spending. Higher-than- expected inflation and unemployment has also put pressureReuter - 76 words
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WORLD IN BRIEF
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Article38 1985-07-06 3 GUINEA'S former premier. Colonel Diara Traore, seized control of the country on Thursday night. Radio Conakry, monitored in the Ivory Coast yesterday, said that Guinea's ambassador there had confirmed the report but refused to elaborate.38 words
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Article47 1985-07-06 3 VIETNAMESE Foreign Minister Nguyen Co Thach and Cambodian resistance leader Prince Norodom Sihanouk have planned separate visits to Indonesia later this month. Foreign Minister Mochtar Kusumaatmadja said yesterday that the two Indo-Chi-nese leaders would visit Jakarta, but the minister did not say when.47 words
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Article39 1985-07-06 3 A BOMB EXPLODED outside a Union Carbide chemical plant in Sydney early yesterday, shattering windows in the factory and nearby houses. Police and company officials said there were no injuries, or leakage from the site.39 words
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Article52 1985-07-06 3 AN INTERNATIONAL symposium on reunification of North and South Korea opens in Yokohama today, with the participation of about 100 representatives from 17 countries. Scholars and researchers from the two divided Koreas are expected to be among participants in the three-day gathering, said the Asia-Pacific Peace Policy Institute,52 words
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Article49 1985-07-06 3 AN INTERNATIONAL congress and exposition of computer and communications equipment and technology is to be held in Beijing in September. The exposition and congress, titled Intercomm '86, is being organised by the Chinese Association for Science and Technology. The host will be the Cahners Exposition Group.49 words
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Article48 1985-07-06 3 Agencies JAPANESE and Chinese officials are to meet in Beijing next week to discuss the conclusion of a bilateral agreement to protect business investments in each other's country. Official sources in Tokyo said yesterday that Japan hoped to reach an agreement during the four-day meeting. Agen-Agencies - 48 words
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Page 3 Advertisements
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Advertisement17 1985-07-06 3 s* 1/jTv fA- RinAm's747SP Fastest Daily to New\brk. Managers must manage. BT shows you how every Monday17 words
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OVERSEAS
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483 1985-07-06 4 AP A COALITION of US congressmen has warned Japan of a strong protectionist backlash against its alleged unfair trading practices, while saying that some of Japan's trade strategies might be adapted to boost American competitiveness. The group said on Thursday that Japan must further openAP - 483 words
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Article99 1985-07-06 4 Reuter NEW ZEALAND will continue with its plans to introduce a wide-ranging goods and services tax (GST) in October next year. Finance Minister Roger Douglas said that Australia's decision not to impose a retail tax on food and power would not affect NewReuter - 99 words
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184 1985-07-06 4 AFP THE EEC has imposed antidumping duties of 2.9 per cent to 31.9 per cent on imports of some Japanese hydraulic excavators. Diplomatic sources in Brussels said yesterday that the 10 European Economic Community members had rejected an amicable settlement with Japanese exporters whoAFP - 184 words
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Article306 1985-07-06 4 UPI CHINA BLASTED the Soviet Union for deploying one million troops along the heavily-fortified Sino-Soviet frontier over the past few years. China has reduced the number of its frontier guards in recent years, "in sharp contrast to a superpower's deploying a million troops along theUPI - 306 words
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221 1985-07-06 4 AP A GREATER NUMBER of applications to invest in Indonesia in the first six months of this year showed a recovery of confidence in the Indonesian economy. Ginanjar Kartasasmita, head of the Coordinating Board for Investment, said on Thursday that domestic and foreignAP - 221 words
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Article, Illustration475 1985-07-06 4 Reuter SAUDI Oil Minister Ahmed Zaki Yamani said he opposed any change in Opec's price structure, but that the question of production was another matter. Arriving for Opec's ministerial conference in Vienna, Mr Yamani told reporters on Thursday that his aim was "to protectReuter - 475 words
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RAW MATERIALS
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Article147 1985-07-06 4 Chinese Produce Exchange (Sellers' noon closing prices on July 5 (S$/100 kg). Coconut oil Bulk FOB 107 00 Old drum FOB 120.00 New drum FOB 124.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gambier FOB NSW 469 00 454 00 289 00 330 00147 words
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Article289 1985-07-06 4 Singapore C-l Ord unq (SS/k.lo, ex-godown) Loonzain Rice Fragrant new crop i.» n oo 100% 1st grade 100% 2nd grade unq 215 2nd 062 100% 3rd grade unq 3rd 060 Parboiled Rice New Crop 5% 215 25% no stock 10% 210 10% no stock Thai Broken Maize unq A-super289 words
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Article99 1985-07-06 4 KUALA LUMPUR tin price rose five cents to Ms3l.3t per kilo on reduced offerings of 274 tonnes against 388 on Thursday. The price remains within the ITA lower range of 29.15 to 32.15, dealers said. The rise was also attributed to continued support from European, Japanese and local99 words
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Article161 1985-07-06 4 Yarn (In HK$ per bale of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,550 Blue Phoenix 20's 2,650 Blue Phoenix 32's 3,100 Blue Phoenix 40's 3,450 Carded yarn, hank Blue Phoenix 21's 2,900 Combed yarn, cones Blue Phoenix 32's 4,200 Blue Phoenix 40's 4,400 Open-end yarn Blue161 words
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Article181 1985-07-06 4 SINGAPORE THE MARKET yesterday closed slightly firmer with July One RSS buyers quoted at 174.50 cents per kilo, up 0.50 cents from Thursday. The morning session ended unchanged at the overnight levels after fluctuating within two cents range. Prices rose slightly in quiet afternoon trading on fresh buying of181 words
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Article373 1985-07-06 4 RAS prices in S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 173 (X) 174 OON ***** 175 OON ***** 173 00 166 SON tnt 1 RSS July 85 ***** 174 00 174 50 Int 1 RSS Aug 85 171 00373 words
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Article1155 1985-07-06 4 COFFEE ROBUSTA coffee futures rallied on Thursday afternoon on local fund buying mainly in reaction to Thursday morning's ICO quota reduction. Contracts ended the session £24 to £18 a tonne above Wednesday, reversing midday losses of £21 to £5. Most active near September ended at £1,867/1,868 a tonne1,155 words
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Article134 1985-07-06 4 MALAYSIAN crude palm oil yesterday closed lower on pre-weekend selling in quiet trading, dealers said. After opening slightly easier, values eased further on buyers' reserve. July and August deliveries in the south eased Msls each to MSI.OIO and M 5995 per tonne respectively. The refined palm oil market134 words
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Article110 1985-07-06 4 (cents/kg, 1-ton pollets) J(JLY 85 AUG 85 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 149 00 151 OON 150 00 152 OON SSR 50 147 00 I49 00N 148 00 150 OON MRELB Buyers Sellers Buyers Sellers SMR CV 205 50110 words
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Page 4 Miscellaneous
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Miscellaneous31 1985-07-06 4 Doonesbury 1 2 *r> YA S IS u •m m I c«'i spi BY GARRY TRUDEAU ANDT 7HOU6HT 15,"TOMMY. BUTHEHAVE OURmeW 10 RESPECT i-J %ji vmmM (f ar^iy Plli SSSPM k#31 words
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BANKING AND FINANCE
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283 1985-07-06 5 NYT DAIWA SECURITIES announced on Thursday that it would open a trust bank in the US. Daiwa will be the first Japanese securities company allowed to enter the trust business overseas, and its entry is expected to trigger a rush among itsNYT - 283 words
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103 1985-07-06 5 Reuter A CONSORTIUM of companies led by the Hong group of Taiwan has been granted a licence by the Taiwan government to establish a fund which will allow foreigners to invest on the Taipei stock market, consortium member G T Management (Asia) LtdReuter - 103 words
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393 1985-07-06 5 Reuter INTERNATIONAL borrowing continued to grow rapidly last month as new lending instruments took up the slack left by a decline in Eurobond issues, the Organisation for Economic Cooperation and Development (OECD) said. The domination of the markets by Western borrowers was reinforced asReuter - 393 words
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351 1985-07-06 5 AFP THE BANK of America has estimated China's foreign-ex-change reserves at US$l3 billion, and forecast they would remain sufficient to maintain growth in the country's exports and imports through the 1980s. Kenneth Leung, associate economist of the Bank of America's Asia division in Hongkong,AFP - 351 words
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310 1985-07-06 5 Bernama BANKS IN MALAYSIA have lowered their base lending rate by one percentage point since late last month, in keeping with the directive from Bank Negara. Several commercial banks said they had adhered to the June 19 directive which took effect on June 24.Bernama - 310 words
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Article, Illustration381 1985-07-06 5 MORE BANKS in Singapore are upgrading their treasury products, and trying to educate their customers on how to use these tools to hedge against foreign exchange risks. The Singapore branch of Banque Indosuez is the latest to join this pool of banks which381 words
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383 1985-07-06 5 Reuter THE UK's decision to exempt sales of government bonds from capital gains tax after July 2, 1986, will stimulate market liquidity. Bond market analysts said the tax ruling would make bonds more attractive forms of investment at the expense ofReuter - 383 words
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251 1985-07-06 5 Reuter SOUTH AFRICAN gold mine revenues should be boosted by a record gold price of around 625 rand an ounce when financial statements for the quarter to end-June are released next week. But gold analysts said the higher revenues anticipated from the averageReuter - 251 words
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MONEY AND EXCHANGES
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Article647 1985-07-06 5 SINGAPORE THE US dollar was little changed against most major currencies yesterday compared with London's close in very quiet early trading. The US dollar was little changed at 3.0310/20 marks compared with London's 3.0300/20 close and at 2.5410/20 Swiss francs against 2.5210/40, rose slightly to 9.2290/2320 French francs647 words
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Article, Illustration369 1985-07-06 5 Asian market ASIAN dollar deposit rates yesterday closed steady at opening levels in quiet trading. Dealers said operators were sidelined due to the absence of fresh news and ahead of US June employment data due yesterday. Short-dates were steady to slightly firmer initially and remained unchanged subsequently with weekend closing369 words
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Article302 1985-07-06 5 Interbank rates at 3pm yesterday: Currencies Nominal rataa Smithsonian quoted yesterday croaa parity change Local dollars to one unit of foreign currency: US dollar ***** ***** 2 8196 -20 86 Sterling pound 2 9388 2 9424 7 3469 -60 00 Australian dollar 1 4984 1 5013 3 4286302 words
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Article339 1985-07-06 5 BA Futures September Enr*d*ll»r futures yesterday opened one tick lower at 92.04 and edged higher to 92.06. But prices drifted lower due to lack of volume due to the US holiday on Thursday. Liffe opening saw the market traded on an easier note. Squaring of positions ahead of USBA Futures - 339 words
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Article194 1985-07-06 5 HONGKONG: GOLD yesterday closed at US$3ll.OO/40 compared with 310.50/90 on Thursday. On the local market, gold rose HK$3 to close at HK12.889 a tael. Krugerrand gained HK$lO to HK52,485, equivalent to US$32O. TOKYO: GOLD futures closed slightly higher with prices rising one to 15 yen gram as small-lot buying194 words
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Article73 1985-07-06 5 THE OVERNIGHT rate on the Singapore interbank money market rose by '4 point from Thursday to close at s'« per cent yesterday. The one- and two-month term rates rose 1/16 point each while the three-month rate remained unchanged. r S$ Interbank rates at 3pm yesterday: Offer Bid Over73 words
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Article86 1985-07-06 5 RESULTS of tender held yesterday for: 91-day Treasury bills to be issued from July 8 to July 12. Offered: $130,000,000. Applied for: $188,000,000. Allotted: $130,000,000. Accepted bids: $99.28 approximately 66 per cent; higher bids in full. Average rate of discount on allotment: 2.885 per cent per annum. 182-day86 words
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Page 5 Advertisements
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Advertisement96 1985-07-06 5 Announcement to share holders of Devoe Holbein N.V. and/or City Clock N.V. Due to unexpected family circumstances the Managing Director of First Commerce Securities B.V. Mr. Walter Bonn has been delayed in his trip to Singapore. This means that the planned press conference in Singapore Hilton on July Bth 198596 words
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TIME-OFF
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Article556 1985-07-06 6 WHEN Alexander Bell invented the telephone a few decades ago, little did he know that he had spawned a Medusan style monster whose stinging tentacles would torment us late into the 20th Century. The question is: "How many telephones do we need to maintain556 words
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Article, Illustration1050 1985-07-06 6 ANNA TEO - Some 30 vintage cars will take part in a race to raise funds for the Community Chest By ANNA TEO THE ONE TIME Mike Truter popped an egg into the radiator of his 1932 Lagonda it was not because it was leaking. His instructions were1,050 words
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Article230 1985-07-06 6 IF LAST MONTH seemed a bit long, it was because of a "leap second", an extra second in time to take into account slight (minute?) variations in the Earth's rotation round the sun. For those who consulted a calendar given out by department store Primtemps, this230 words
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Article, Illustration1386 1985-07-06 6 What's on from July 6-12 BMW^bpmmh CHINESE OPERA: A series of operas presented by five «matour groups. Kreta Ayer People's Theatre 7.45pm. Free; admission on a first-come first-served basis. Tonight, a Hokkien opera performed by the Siong Leng Musical Association. ENTERTAINMENT: Pop music. By the Rockafellers. 7.30-8.30pm. Chinese Opera1,386 words
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Page 6 Miscellaneous
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Miscellaneous809 1985-07-06 6 BriStcW: FtanJc Dickens P»6ourr TmS, LP\DS —NO TH»S N£P<R I CPvN'T RFFCRD IT. coroeoM Dirv\K\NS sport y VJ c TP Sp3 P) (C^-a 4K D m t *A WOtWKMKB SBimatM!) CRYPTIC PUZZLE ACROSS 9 Through taking an opportunity, maybe (9) 10 Getting going is exciting (7, 2) 12 Not what809 words
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SPORTS
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Article, Illustration1250 1985-07-06 7 BRIAN MILLER - Two big wins and Ng owes it all to Allan By BRIAN MILLER I HAD DECIDED on the Oberoi Imperial Hotel's L'escargot Restaurant because the food was good, the place had class and the atmosphere always seemed to spell pure elegance. My assignment was clear-cut.1,250 words
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417 1985-07-06 7 WIMBLEDON '85 UPI BY NOW, a confrontation between Martina Navratilova and Chris Evert Lloyd in the final of a Grand Slam championship is almost predictable. They have met 65 times in a rivalry which started in 1973, and between them they have captured theUPI - 417 words
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Article, Illustration599 1985-07-06 7 Conners the only old gun left UPI JIMMY CONNORS stands between the future overtaking the past. Only three men Connors, John McEnroe, and five-time champion Bjorn Borg have won the men's singles title at Wimbledon since 1976. Connors alone remains in contention for the title from that trio which dominatedUPI - 599 words
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Article330 1985-07-06 7 TO BEAT a field of top stayers is one thing. But to rip them to bits the way Remember Me did in the Perak Derby almost two months ago is something else, If you recall, Remember Me arrived from Australia in June last year with330 words
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Page 7 Advertisements
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Advertisement18 1985-07-06 7 CURKHKICH gives you more than a run for your money 3*** m f Hf' BmE! 1;»* saSS i='-i18 words
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Page 7 Miscellaneous
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Miscellaneous1128 1985-07-06 7 W (MD RIMKD SATURDAY MATINEE Tuck Everlasting 2.00 pm, Channel 5 This afternoon matinee promises an hour plus of escapist fare just right for the time of day. Based on a novel by Natalie Babbitt, Tuck Everlasting is a turn of the century fable about a family who discovers the1,128 words
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INTERNATIONAL STOCKS
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482 1985-07-06 8 NYT CONCESSIONS offered by the US Air Line Pilots Association to encourage Carl C Icahn to take over Trans World Airlines are tied to constraints on his ability to sell airline assets and to cut capital spending, documents filed with the SecuritiesNYT - 482 words
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356 1985-07-06 8 SHARE-BUYING fever struck the Frankfurt Stock Exchange again on Thursday as West German and foreign investors paid record prices for the second day running. The Commerzbank Index of 60-leading shares was set at 1,475 points, easily breaking through Wednesday's 1,462.4 record level,356 words
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Article115 1985-07-06 8 NYT SALES OF NEW Americanmade vehicles, hindered by increased shipments from Japan, fell 11.8 per cent in the last 10 days of June. Vehicle manufacturers on Wednesday said that for the full month, sales of domesticallyproduced cars slipped 3.2 per cent, on a daily sellingNYT - 115 words
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Article203 1985-07-06 8 JULY 04 Abititx Ate an c$ I8'« 334 unch 4 Hud Boy Mm imp <X Inco Int Prov Pipe Int Uts 64 49'. 174 42 unch 4 -4 unch 204 -4 Kerr Add 164 4 Argoen Hldgs Bank Mont Bank Novo Scotio Bel Canada BP Con Ltd 304 134203 words
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Article275 1985-07-06 8 JULY 04 tond INDUSTRIALS A Alpha 925 Abercom 190 A£ And O 820 unch 20 Urasec Woolworth Anglos Anglvaot Ekyyoors 510 1650 MININGS 2880 9000B 1275 -5 unch 40 i*ich 25 A map* op 500 unch Butt eh 7050 25 A MIC 2775 25 Charter 460 ixtch Bariowt 1190275 words
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115 1985-07-06 8 FT VOLKSWAGEN'S profits of 280 million deutschemarks in the first six months of this year were higher than the 228 million marks the company earned in all of last year. The surge in earnings was based on a 20 per cent rise in worldwideFT - 115 words
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Article963 1985-07-06 8 Amsterdam JULY 04 FH ABN 472 00 >1 Aegon 98 10 1 Ahold 235 50 05 Akto ***** 28 AMEV 250 00 0 3 Amto* Amro Bonk 84 60 1 Bfrtri 40 00 1 2 BoK 101 50 1 Borsumn 352 00 85 Boskobs Bur Tet 91 30963 words
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Page 8 Advertisements
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Advertisement512 1985-07-06 8 11 Ll V I 1' X •V IMP mm 'J! H W lliP V. a mm 91 m m m Kr&. W P i,o Ir.e -il i j&mm Zrjm-'-M VslaK iamßß I -I I Monday, Tuesday, Wednesday... hmm, just like Mum's cooking Welcome to our daily special dish! It's local512 words
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Advertisement73 1985-07-06 8 London stocks on pago 11 untinumg ttw nrtncr IradKmr at tnendty srmtr 270 Orchard Road Singapore 0923 Tele* R5 ***** HCROWP I Cable CROW*MOT EL Tac *****18 Tel: 7321 I I I J |gf v *iF^v li/iuuilt Ilii'httpot tilth an Arabian Sights tit inn. \*ln\h. lixutinu. Ahic uith the music73 words
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ASIAN STOCKS
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Article398 1985-07-06 9 HONGKONG: Share prices closed lower in fairly quiet trading yesterday with overseas institutions generally sidelined. The Hang Seng Index finished 4.07 lower at 1,570.30. Turnover was HK5196.09 million compared with $302.98 million on Thursday. Pressure on banks eased towards the close. HK Bank rose five cents to $7.60 and398 words
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Article268 1985-07-06 9 JULY 05 Al Sincere Indus Asm Cement Cathay Cons Chang Hwa Bonk Chen Loong ChK> Hs*i Cement Chino Chem Chmo Dev China Elect Wire China Gulf Plos Chmo Rebor Chmo Steel Chung Owl Te* Cht*>g Hwa Pulp Far East Oept Far East Tex First Bonk Formoso Plas Gt Wo*268 words
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Article428 1985-07-06 9 TOKYO: Share prices ended slightly weaker yesterday on balance as profit-taking spread in subdued afternoon trading after the market average pased 13,000 for the first time during the morning session. The average gained 47.10 to a record 13,016.69 soon after the opening but finished at 12,963.35, down 6.24 from428 words
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Article101 1985-07-06 9 MANILA: Share prices closed generally higher in quiet trading yesterday. The Mining Index rose 9.43 to 701.97 and the Oils Index firmed 0.018 to 0.773 while the Commercial Industrial Index fell 0.35 to 126.98. JULY 05 j Acoje Mmmg Anglo Phil J Apex Mining B Pe*o» 0 0044 16101 words
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Article449 1985-07-06 9 SYDNEY: Share markets closed firm yesterday on strong industrial sector support following the sale of more than Asl2l million worth of Myer Emporium shares. The All Ordinaries Index gained 7.7 points to 882.4, the All Industrials Index added 11.3 points to a record 1272.3 and the All Resources Index449 words
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Article78 1985-07-06 9 JULY 05 Won Hyundo* Cornl Hyundai Motor 900 752 -15 -7 KAL 454 unch Chohcung 0k Commercial Bk 650 720 10 5 -3 unch 5 Korea Frvt Yukona 721 1297 403 1 -6 3 Daewoo Corp 470 600 Lucky Ltd Samsung Co 641 680 5 inch 480 Samsung Elec78 words
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Article143 1985-07-06 9 BANGKOK: Stock prices closed higher yesterday in quiet trading which centred around finance and cement groups. The Book Club Index rose 1.01 points to 138.94 with gainers outnumbering losers. Turnover stood at 151,938 shares compared with Thursday's 230,446 shares. JULY 05 80 50 05 S«om City 488 8 Ami143 words
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Article58 1985-07-06 9 Reuter WESTFIELD HOLDINGS has purchased a 10.06 per cent stake in Myer Emporium Ltd of Australia as a long-term investment. Westfield, a property developer closely associated with Myer, said the acquisition could be regarded as friendly. Myer has been the subject of takeover rumours andReuter - 58 words
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588 1985-07-06 9 Bernama DREAMLAND Spring Sdn Bhd, the Malaysian manufacturer of spring mattresses which recently established two joint-venture companies to go into production in China, expects to corner a significant share of the Chinese market for the product. Company chairman Tunku Abdul Rahman Ibni Al-Marhum Tunku AhmadBernama - 588 words
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73 1985-07-06 9 AP THE SOVIET UNION has asked Japan's top two motorcar manufacturers to provide technological expertise for the production of car engines. Toyota, Japan's top motorcar maker, said the company turned down the request while its chief rival, Nissan Motor, said the matter was beingAP - 73 words
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134 1985-07-06 9 AP CHINA WILL BOOST its motorcycle production by 54 per cent this year to turn out about 800,000 twowheelers. The Vice-Minister for MachineBuilding, Yang Keng, said that China planned to increase its motorcycle production by 20 per cent annually. Mr Yang was speaking atAP - 134 words
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Advertisement190 1985-07-06 9 ftp T N 8^ a i i mmmmmi 8^ sr* i' s3jfe 1^ iF.P For delightful dinners with popular local 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+ per190 words
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Advertisement185 1985-07-06 9 Up the staircase at the Century Park Sheraton. Follow the sweep of the curving staircase of the Century Park Sheraton and you'll find yourself at the Black Velvet Gold It's a discothegue with hot sounds and cool drinks, an exceptional laser light show, and the sort of clientele who stay185 words
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Advertisement217 1985-07-06 9 Paramount HotelWhere the happy people go W COCKTAIL LOUNGE I. Experience a new and refreshing concept in cocktail lounge entertainment. Experience The Gazebo The frontispiece of Paramount Hotel, away from all the hustle and bustle. A free flowing garden terrace in subtle shades of grey and beige And a truly217 words
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Advertisement116 1985-07-06 9 r i\l fk June 26th July 7th The Hilton's Orchard Cafe once again hosts a culinary celebration, this time the flavour of West Java. Three chefs from the Panghegar Hotel in Bandung will prepare a buffet of traditional West Javanese specialities comprising salads, appetizers, soups, main courses and desserts. The116 words
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Advertisement98 1985-07-06 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL LOUNGE With Ramon O'Hew Blackjacks Buy a drink during Happy Hours and the next one's on the housel Happv Hours: spm 7pm With Sunny and Stamford M For reservations please call 734 6622 £tf IftX HI ll_ Ifff/KI L| Singapore W 19.98 words
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Article, Illustration4315 1985-07-06 10 THE STOCK MARKET collapsed yesterday with the indices falling to new lows. But trading remained quiet and volume low. The BT Composite Index fell 11.69 to 660.24, the lowest point since Oct 8, 1982, for a new 33-month low. The ST Industrial4,315 words
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Article270 1985-07-06 10 SINGAPORE Risss Indices MBF Corp 50« 182 Soo Vww 249 Sport Foddor 165 ApoMo 100 B S—kmmmmg 362 OUT 227 Falls H Nogoro 350 Fmo Mloi 340 0 C C 860 DBS 545 U I C 149 Gontmg* 560 H Looof F«i 270 No« St—doh 270 A*co4270 words
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Article3749 1985-07-06 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".3,749 words
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Advertisement12 1985-07-06 10 KL market report and Business done on the KLSE See page 1112 words
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COMPANY NEWS
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Article, Illustration280 1985-07-06 11 HOCK LOCK SIEW - By HOCK LOCK SIEW THE OLD ADAGE "A rolling stone gathers no moss" can be applied to the chart pattern of TDM Bhd, the onetime high-flying favourite of the Singapore stock market punter. Ever since it peaked at $3.70 in early February this year, the counter280 words
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Article262 1985-07-06 11 Managers' prices for July 6 8 Singapore Unit Trust The Commerce I 67 1.77 The Savings Fund 129 1.37 S'pore Prog Fund 0 74 0 78 S'pore Sec Fund 1 09 115 S'pore Invest Fund 0 81 *0 86 S'pore Equity Fund 0.75 0 79 Asia Unit Trust262 words
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Article1000 1985-07-06 11 SHARES in London closed firm yesterday but off their highs on lack of interest, dealers said. Hanson Trust pared an early six pence rise to two pence at 188 pence following news that its rights issue was undersubscribed by about 50 per cent. Hanson's bankers declined to comment1,000 words
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606 1985-07-06 11 MALAYSIA MINING Corp Bhd (MMC) has appointed the USbased Boston Consulting Group to undertake a comprehensive review of its diversification strategy. In his latest annual statement, MMC chairman Tan Sri Datuk Nasruddin bin Mohamed says the findings of the study will606 words
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315 1985-07-06 11 DEBT-RIDDEN Aluminium Company of Malaysia is taking steps to improve its financial position. It is proposing a two-for-three rights issue at Msl a share and the sale of excess land at its Petaling Jaya site. Alcom has been hit by the economic recession and hefty interest315 words
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Article239 1985-07-06 11 HOMER CHEN - By HOMER CHEN SELDOM-TRADED Construction and Supplies House Bhd yesterday requested the stock exchanges of Singapore and Kuala Lumpur to suspend trading of its shares pending an announcement. A spokeswoman for proper-ty-based CASH declined to comment on the reason for the suspension, but said that all239 words
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Article107 1985-07-06 11 HONGKONG Hong Seng Index Friday 1570.30 Thursday 1574.37 Week ago 1570 61 Australian Industrials Friday 1272.3 Thursday 1260 9 Week ago 1240.2 NEW YORK TOKYO Tokyo Dow Jones Friday ******.69 Thursday ***** 59 Week ogo ***** 09 TSE Index Friday 1037.12 Thursday 1035 59 Week ago 1026.41 Dow107 words
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Article356 1985-07-06 11 LION BREWERIES Ltd's managing director Douglas Myers said he and co-director John Fernyhough will continue their on-market offer of NZ$3.70 a share for 7.6 million Lion shares until the close of trading on Monday. They said in a statement that their joint holding company, Tarragon Investments Ltd, had356 words
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425 1985-07-06 11 SHARE PRICES declined sharply on the Kuala Lumpur stock market yesterday as sellers emerged strongly in the final hour, pushing values lower on all fronts. Many issues recorded heavy losses but a few stocks bucked the general downward trend and closed with gains. The425 words
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Article2899 1985-07-06 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS A Choc (2.005X1) 1 75 AMD (3 06SX5) 3082,899 words
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Article, Illustration446 1985-07-06 12 FOO CHOY PENG - Singapore unlikely to be greatly affected By FOO CHOY PENG YESTERDAY'S historic signing of a direct trade accord between China and Indonesia is unlikely to have any significant effect on Singapore's role as a trading intermediary, according to officials from both countries. After the446 words
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479 1985-07-06 12 OPPOSITION Workers' Party leaders J B Jeyaretnam and Wong Hong Toy failed yesterday in their bid to have criminal charges against them re-tried in the High Court. The High Court dismissed an appeal, argued by Mr Jeyaretnam, the MP for Anson479 words
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232 1985-07-06 12 THE SINGAPORE Tourist Promotion Board (STPB) is studying the possibility of a product development assistance scheme whereby the board will provide a subsidy of $1 for every $3 spent by companies or organisations on a tourism product or publicity programme. The232 words
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248 1985-07-06 12 Reuter OPEC DELEGATES meeting in Vienna for the group's 74th conference are openly admitting their current strategies are inadequate to the task of re-estab-lishing their influence in the oil market and Opec may have to rethink its position. A senior Gulf delegate said: "We haveReuter - 248 words
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258 1985-07-06 12 Reuter NON-COMMUNIST South-east Asian nations have agreed to a Thai proposal that Cambodian guerillas hold indirect talks with Vietnam rather than with the pro-Hanoi regime in Cambodia. Indonesian Foreign Minister Dr Mochtar Kusumaatmadja told a press conference in Jakarta yesterday that this wasReuter - 258 words
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135 1985-07-06 12 CITIBANK, considered one of the most agressive banks in consumer financing here, will cut both its housing and personal loan rates on Monday. The bank will lower its housing loan rates by one-quarter percentage point to 9.25 per cent for one to 10 years135 words
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515 1985-07-06 12 StfThe AQUINO Trial UPI Reuter A MEDICO-LEGAL expert yesterday said the shot that felled Benigno Aquino caused instant death and the absence of traces of blood contradicted testimony that the opposition leader was killed on an airline staircase. Dr Constantino Nunez, 47, testifyingUPI; Reuter - 515 words
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402 1985-07-06 12 SHAHRIR ARIFF - By SHAHRIR ARIFF ONLY $478.1 million was committed to new building projects in Singapore from January to March this year, a sharp drop from the $1.06 billion for the same period last year. But unlike last year, private developers this round contributed to nearly402 words
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Article70 1985-07-06 12 Reuter THE NEW YORK stock market pushed higher in early trading yesterday, with some help from a stronger bond market. The Dow Jones Industrial Average was up three points to 1330 after losing 11 points in the previous two sessions. Advances led declines by a five-four marginReuter - 70 words
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LATE FILE
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62 1985-07-06 12 Reuter HONGKONG and Chinese delegates drafting a "miniconstitution" for the colony after Britain's withdrawal decided yesterday to seek the views of Hongkong's five million people, officials said. The first five-day session of the committee, set up by Beijing to draw up the so-called HongkongReuter - 62 words
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Article44 1985-07-06 12 Reuter AUSTRALIAN High Court judge and former attorneygeneral Lionel Murphy was convicted of trying to pervert the course of justice. The guilty verdict came after a jury had deliberated for 21 hours in the first trial of a senior Australian judge.Reuter - 44 words
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Article65 1985-07-06 12 Reuter NEARLY 20 million Chinese government employees will get a pay rise this month in the latest move to reform China's price and wage structure. The official New China News Agency said a new wage scheme would break pay into four components: the basicReuter - 65 words
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Article34 1985-07-06 12 AFP PHILIPPINE President Ferdinand Marcos has refused to accept the resignation of Energy Minister Geronimo Velasco in the wake of a reported property scandal that has rocked Manila. AFPAFP - 34 words
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Article61 1985-07-06 12 AP A MEDICAL panel yesterday found two white government doctors guilty of misconduct in the death of black leader Steve Biko in 1977. The South African Medical and Dental Council said Benjamin Tucker and Ivor Lang had falsified Mr Biko's medical records and failed to provideAP - 61 words
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Advertisement334 1985-07-06 12 Yamani against any Opac price change, Page 4 Our mid-year outlook of the US. stockmarket is low on interest... Lower interest rates. Higher returns, for investors wise enough to move into the right markets now. These are two ot the key messages in our latest review of the U.S. stockmarket.334 words
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Page 12 Miscellaneous
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Miscellaneous55 1985-07-06 12 gißsaiaaa Outlook for today: Cloudy with ocassional light rain in the evening. Report for 24 hours prior to 7 30pm on July 5 at the airport: Maximum temperature 30.0 Associated humidity 71 Minimum temperature 23.0 Associated humidity 95 Hours of sunshine 3.65 Rainfall in millimetres 12.3 Rainfall this month 12.355 words
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