The Business Times, 30 November 1985

Microfilm: NL15281
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, NOVEMBER 31, 1985 75 CENTS
    12 words
  • Article
    Action to revive enterprise
    779 1 People must respond, says Brigadier-General Lee THE NECESSARY ACTION to revive the sagging spirit of enterprise in Singapore has been identified by the government, Brig-Gen Lee Hsien Loong assured businessmen last night. Major changes to policies will be made towards achieving the objective, he said, but
    779 words
  • Article
    QAF wins double distinctions in ARA competition
    463 1  -  By CHAN OI CHEE NEWCOMER QAF LTD has won double distinctions in the 12th annual report award (ARA) competition, thanks to the enlightened disclosure policy adopted by its new management. The former Ben Co, which was taken over by Brunei-back-ed QAF Holdings late
    463 words
  • Article
    Request to review issue of worker ownership
    347 1 A REQUEST for a review of the tax laws with a view to removing inhibitions to employee share ownership has been made to the Ministry of Finance by First Deputy Prime Minister Mr Goh Chok Tong. "I would like to encourage as many
    347 words
  • Article
    SIA shares are trading below $5 offer price on grey market
    106 1 THE YET-TO-BE listed SIA shares were traded for the first time below their $5 offer price on the grey market yesterday. The shares hovered at the $5 level for the most part of the day but dipped at one
    106 words
  • Article, Illustration
    STOCK MARKET
    88 1 THE Pan-Electric sag» continued to cast a shndow aver the Singapore stock market which clued easier across the board yesterday after Improving «lightly la the maralag. The lack Information released by the principal banks Involved has eaased maeh fmstrattoa among brokers and market watchers who are kept oa
    88 words
  • Article
    Pawnbrokers lend record amount
    310 1  -  By LEE HAN SHIH SINGAPORE PAWNBROKERS' ability to beat the trend was demonstrated once more in the third quarter when they lent a record $133.1 million to 600,000 pledges. In the three months which saw the gross domestic product drop by 3.5 per cent, the 54
    310 words
  • Article
    Pan-El: Thorniest issue off the exercise
    174 1 TWO MEETINGS were held yesterday between the Monetary Authority of Singapore and the creditor banks involved in restructuring Pan-Electric Industries' debts. The separate meetings were apparently held not just to discuss the woes of Pan-El but the magnitude of its problems. Apparently, Pan-El's creditor
    174 words
  • Article
    SPH turns in group pre-tax profits of $106 million
    673 1  -  By NAJEEB JARHOM SINGAPORE Press Holdings, in its first year as a merged entity of three newspaper-based companies, has turned in group pretax profits of $106 million. Analysts described the performance as commendable in view of the substantial fall in group
    673 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      112 1 C ASIATEHM Southeast Asia s 3rd International Exhibition of Textile Garment Machinery and Fabrics Trade 24 -27 May 1986 W.T.C. Singapore IINTF.RKAMA EXHIBITIONS PTE LTD Challenges Met, Opportunities At Banque Indosuez, we turn challenges into opportunities. We have applied our expertise in Treasury, Foreign Exchange and Capital Markets and have
      112 words
    • Advertisement
      Page 1 Advertisements Column 2
      256 1 SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS LETTER CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW SHERIFFS in the Wild West ore not what they were. Instead of swearing in a posse to round up the desperadoes, these doys they invent bogus TV stations and invite the wrongdoers to attend
      256 words
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      Page 1 Advertisements Column 3
      0 1 "*'&:-=?"^[(?&-[!/-:$!<->\*)\{<
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    • Advertisement
      Page 1 Advertisements Column 4
      179 1 INTERNATIONAL LEISURE MART The Fair For Wholesome Pursuits Playing... Living... Learning 21 -24 June 1986 W.T.C. Singapore INTF.KFAMA KXIIIBITIONS 11K I.TI) Bi. I H t'. 03 V* I T f u\ BN .'^HC'NIAVA *30 Why settle for less m w! WI TITLEIST 384 golf ball is miles ahead of its
      179 words
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  • HOME NEWS
    • Article
      Active Building wound up by the High Court
      308 2  -  By LUCY NG ACTIVE BUILDING Civil Construction was wound up yesterday by the High Court. The action was initiated by four of Active's financiers Banque National de Paris, Chemco Finance, Hill Samuel Merchant Bank Asia and Security Pacific National Bank which are
      308 words
    • Article
      President Wee urges young to care for senior citizens
      204 2 THE AGED "cannot and must not be shunted aside like unwanted animals," said President Wee Kim Wee in a call to the community to provide support services for families which have problems with aged parents. Opening the Seventh Senior Citizens' Week
      204 words
    • Article
      End of the road for Ngo Hock
      273 2 THE FORMER IMPORTER of the Porsche sports cars, Ngo Hock Auto Spares, was wound up yesterday by the High Court, ending a seven-month saga which began with the disappearance of the company's managing director and reported losses of $2.2 million by seven finance
      273 words
    • Article
      NPB help for entrepreneurs
      264 2 THE NATIONAL Productivity Board has started courses to help entrepreneurs in small businesses become effective managers in the manufacturing, retail and service industries. It is also studying, with the Skills Development Fund, the possibility of offering subsidised management consultancy services to these companies. NPB executive director
      264 words
    • Article
      Exxon chief calls for a safety committee on chemicals
      243 2 THE FORMATION of a regional safety committee on chemicals was propopsed yesterday by the head of Exxon Chemical Asia Pacific Ltd. The company president, Mr Daniel Sanders, proposed that the safety committee be set up within the Asean Chemical Industries Club
      243 words
    • Article
      Controversy over article surprises lecturers
      556 2  -  By ELAINE KOH TWO NATIONAL UNIVERSITY of Singapore lecturers who were accused of purveying "halftruths, distortions and outright inaccuracies" in an article' which was published in a business magazine have expressed surprise at the stir it has caused. The two expatriate lecturers said yesterday that
      556 words
    • Article
      IBM takes two companies to court
      187 2 NOT SPARING any effort in its war against piracy, International Business Machines has taken legal action against two more companies for alleged trademark and copyright infringements. The latest proceedings are against Microcraft Computer Engineering and Microcraft (Funan) Computer A Engineering for alleged infringements connected
      187 words
    • Article
      SHIPS IN PORT
      685 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Anshon Ned Nassau Sea Krishna Milos Island Sriwijaya Loicaw Ninh Co Jenson Builder 3 Rajah Brooke K15 K12 K16 Kit K18 K19 K21 K22 K23 K25W T-mmm Ned-E*C Borneo Kim Trdg Eka Jaya Boustead NAPL Thong Soon
      685 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      121 2 o\s m brunch in NEV ORLEANS! Weekends are for real family treats. So, brunch to the beat of the one and only Louis Tan Dixieland Band on a sumptuous score of Creole buffet cuisine. Why, there ain't nothin' like it around! For only $35** per adult and $20** per child
      121 words
    • Advertisement
      Page 2 Advertisements Column 2
      357 2 NOTICE la the Matter tt TV CmpuiM Aet, Cap IK Aad la the Matter M SINGAPORE PAPER (MANUFACTURING) PTE LID (la Valaatary Uqaldatiaa) SPP MARITIME PTE LTD" (la Vahurtary U«aMattaa) NISIN PLASTIC PTE LTD (la Valaatary Uq iMattoa) Z. HYLAND PTE LTD (la Valaatary Uqaidat»aa)~ Members' Valaatary ZZ Wladiag Up
      357 words
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  • RAW MATERIALS
    • Article
      Produce exchange
      153 3 Chines# Produce Exchange (Sellers' noon doting prices on Nov 29 (SS/100 kg) Coconut oil Bulk FOB 70 00 Old drum FOB 83 00 New drum FOB 87 00 Copra Mixed (loose) 36 buyers Pepper Muntok White FOB NLW 1065 00 Sorawok White FOB toq NLW 1055 00 Sarawak
      153 words
    • Article
      RICE
      287 3 Singapore (S$/kilo, ex-godown) Fragrant new crop 1st 0.76 2nd 0 58 3rd 0 56 New Crop 25% no stock 10% no stock Thai Broken A-super 0 52 Special 0 50 Thai Rice 55% no stock China Rice 10% no stock 15% 0.69 25% no stock 35% no stock Thai
      287 words
    • Article
      RUBBER
      191 3 SINGAPORE THE MARKET closed steady with December One RSS buyers quoting unchanged from Thursday's 151.50 cents per kilo. The morning session lost 0.50 cent on lack of interest in dull trading. Prices hovered narrowly in quiet afternoon trading on continued lack of interest. MALAYSIA The market closed steady at
      191 words
    • Article
      PALM OIL
      149 3 MALAYSIAN crude palm oil prices yesterday closed higher on renewed covering and speculative buying interest. This was prompted by expectations India may purchase more palm olein at its weekly vegetable oil tender yesterday after buying a substantial quantity last week. The refined palm oil market was quiet, with
      149 words
    • Article
      TEXTILES
      179 3 Yarn (In HKS per bole of 400 fb) China carded yam, cones Blue Phoenix I6's 2,450 Blue Phoenix 20's 2,600 Blue Phoenix 32's 3,000 Blue Phoenix 40's 3,300 Girded yarn, hank Blue Phoenix 21 's 2,750 Combed yarn, cones Blue Phoenix 32'$ 4,250 Blue Phoenix 40's 4,450 Open-end yam
      179 words
    • Article
      Untitled
      31 3 THE KUALA LUMPUR Tin Markat remains cloaad following tho suspension of tin trading on ths London Motal Exchangs KL TIN Closing prices on No* 29 (M$/kg) Price Suspended Turnover (tonnes) Suspended
      31 words
    • Article
      RAS and MRELB
      334 3 RAS prices i in S cents/kg, FOB in bole* NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt ***** 152.00N 151 50 152 50N Int 1 RSS Dec 85 151 00 152 00 151 50 152 50 Int 1 RSS Jon 86 153 50 154 00
      334 words
    • Article
      SSR and SMR
      104 3 (cent»/kg, 1-ton pollen) DEC 85 JAN 86 (current month) (forword month) NOON NOON RAS (nytn Sellers Buyers Sellers SSR 20 147 50 149.SON 148 50 150 50N SSR 50 145 50 147 50N 146 50 148 50N MRELB Buyers Buyers Sellers SMR CV 207 50 209 50N
      104 words
    • Article
      Lock icon US tightens ban on Cuban nickel imports
      379 3 AP THE REAGAN ADMINISTRATION has quietly reached a series of agreements under which five allied countries have promised not to reexport to the US products containing Cuban nickel. State and Treasury Department officials, who insisted on anonymity, said the negotiations were carried out
      AP  -  379 words
    • Article
      LONDON MARKETS
      468 3 COFFEE ROBUSTA FUTURES on Thursday closed mostly £2 to £5 a tonne down on Wednesday night with firmer sterling a slight depressant in an otherwise featureless market. Second position January closed at £1,863, down £5 from Wednesday night's close, while March was £2 lower at £1,898. SUGAR CTF
      468 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      92 3 T\ A i t y J X-Jr I 'J v VC 'p. ■I «s X k* :z V-'.. SE* m** y A a? «£<: c *>v ■t*, J J a&w.'. .5 iSjSjjfcV V. V m tafl^a^ 4 1'You think him worth flattering George Bernard Shaw Royal Salute. The ultimate form
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  • OVERSEAS
    • Article
      Lock icon Mexico to raise price of its light crude oil
      550 4 Egyptian oil more expensive from tomorrow AP Reuter ENCOURAGED BY A firmer market and growing winter demand, Mexico has announced that it is raising the prices of its light-grade crude oil by an average of US 76 cents a barrel, from
      AP; Reuter  -  550 words
    • Article
      Lock icon Subroto on netback system
      348 4 AFP OPEC PRESIDENT Subroto has said that the use of the "netback" system of selling oil at a discount does not have a significant negative effect on the international oil market. Mr Subroto, who is also Indonesia's Oil Minister, neither confirmed nor denied reports that the
      AFP  -  348 words
    • Article, Illustration
      Lock icon Millions stranded on Japanese rails
      360 4 UPI JAPANESE RADICALS supporting striking railway workers cut cables and set fires at rail installations yesterday in a predawn blitz across Japan, paralysing the national rail system and stranding four million rushhour commuters. Police in Tokyo said there were no injuries, but at least 46
      UPI  -  360 words
    • Article, Illustration
      Lock icon Marcos favours extension of military base accord
      393 4 UPI PRESIDENT MARCOS has said for the first time he favoured the extension of a military base agreement with the US beyond its expiration date in 1991. "I am for maintaining the bases, but under clear terms even after 1991," Mr Marcos said.
      UPI  -  393 words
    • Article
      Lock icon Sumitomo may take back carriers leased to Sanko
      251 4 Reuter SUMITOMO CORP has said it will withdraw 12 energy saving bulk carriers leased to Sanko Steamship Co Ltd if the shipper does not resume paying chartering fares by today. A Sumitomo spokesman said yesterday that his company had received only half
      Reuter  -  251 words
    • Article
      Lock icon NZ tax cuts dropped
      75 4 Reuter TAX CUTS planned for New Zealanders in April next year have been abolished by the government because of a series of high wage increases. Finance Minister Roger Douglas said yesterday that 15 per cent average wage settlements had removed the need for tax cuts which
      Reuter  -  75 words
    • Article
      Lock icon Kuwait plans trade zone
      162 4 Reuter KUWAIT is studying proposals to set up a free trade zone in the Persian Gulf that could cope with a rise in re-export business linked to economic reconstruction after an end to the Iraqi-Iranian war, according to the Arab Times. The newspaper said a report
      Reuter  -  162 words
    • Article
      Lock icon East Europeans buy more from the West this year
      346 4 Reuter SALES OF WESTERN GOODS to European markets picked up this year, but Soviet bloc deliveries in the opposite direction flagged, and only a modest rise in East-West trade looks likely next year, according to United Nations economists. A survey issued
      Reuter  -  346 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      825 4 ARRIVALS Operator Service Local From number time OA OA471 0030 ATH SIA SQ'l 0125 LAX/TYO CAL CI333 0130 TPE PAA PA21/5 0155 LAX/TYO/VIKG SIA SQ41 0615 MAA MK MK746 0755 MRU MAS MH68I 0820 KUL KAL KE624 0850 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL
      825 words
    • Article
      Lock icon Jakarta urged to take note of potential threat
      234 4 AP ACTING MALAYSIAN Prime Minister Musa Hitam has said Malaysia and Indonesia must study potential air and sea threats, especially those coming from the direction of the South China Sea. Apart from the continuing crisis in the Indo-China area, several countries are
      AP  -  234 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      41 4 T I -Ui All-Girl Korean BcJnd THE FESTIVAL 7.00pm 2.00 am Live-Band Music Non-Stop Dancing Charming Hostesses Gracious Service A ll' 1-^2o°' O Of f ice Xitc-Ctub <fe' Lounge > 1. Claymore Drive *02-11 Orchard Tower (Rear Block) Singapore 0923 Tei *****26
      41 words
    • Advertisement
      Page 4 Advertisements Column 2
      8 4 Ran Ant's New Clipper Class Dailylb Los Angeles.
      8 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      47 4 Doonesbury BY GARRY TRUDEAU FORMS? A THIRD HELPIN6 OF TURKEY, MAN. thaTsdefiniteli IN Mi FUTURE! IK I 0 iiiii m a. ;r 9ZJ Ti"J UH..OKAV, but what LONG-TERM 7 uul,l6uess WE PUMPKIN AO 2£ t l i6 pie with lots T&M* CFCREAM. SS7 nvL Zl STs Ir^l^l-nIC'AV
      47 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Forex markets
      918 5 SINGAPORE THE US DOLLAR yesterday closed lower against most major currencies in quiet and thin trading ahead of the weekend and due to month-end factors. It closed weaker at 2.5255/65 marks compared with London's 2.5280/90 close. It closed softer at 2.0855/70 Swiss francs compared with London's 2.0885/0900 close
      918 words
    • Article
      Treasury bills
      97 5 RESULTS OF TENDER held on Nov 29 for fl-day Treasury bills to be issued from Dec 2—6, 1985. Offered: $80,000,000. Applied for: $141,000,000. Allotted: $80,000,000. Accepted bids: $99.26 approximately 35 per cent; higher bids in full. Average rate of discount on allotment: 2.945 per cent per annum. Discount
      97 words
    • Article
      Foreign Exchange
      247 5 Interbank rates at 3pm yesterday: CurrtMiM Nominal rate* Smithsonian Bid Offer < :roaa parity change Locol dollart to on* unit of foreign currency US dollar 2 0940 ***** 2 8196 -2573 Sterling pound ***** ***** 7 3469 -57 95 Australian dollar 1 4343 1.4371 3 4286 -58 17
      247 words
    • Article
      Lock icon Simex
      363 5 BA Futures EURODOLLAR futures yesterday gapped down from Thursday's close in Simex but edged higher during the day in an attempt to close the interexchange gap in thin trading due to the US Thanksgiving holiday. The March contract traded up to 91.99 after opening at the day's low of
      BA Futures  -  363 words
    • Article
      Gold
      276 5 HONGKONG: GOLD yesterday closed steady after a day of fairly quiet and thin trading, partly due to Thursday's closure of US markets for Thanksgiving Day. Some small-lot buying by local investors was noted yesterday morning, while most traders adopted a wait-and-see attitude. The bullion price finished at U*****.60/327.00 an
      276 words
    • Article
      Money markets
      109 5 THE WEEKEND rate on the Singapore interbank money market rose by 3 points on Thursday to close at 6 per cent yesterday. The one- and two-month term rates fell by 1/16 point each while the threemonth rate fell by '/b point. S$ Interbank rates at 3pm yesterday: Off*
      109 words
    • Article
      Lock icon Swiss out to win London's silver trade
      410 5 Reuter SWITZERLAND'S three biggest banks have disclosed plans to wrest silver trading business away from its traditional home in London. The Union Bank of Switzerland, Swiss Bank Corporation and Credit Suisse said yesterday that from Monday they will implement an official silver fixing
      Reuter  -  410 words
    • Article
      Lock icon UK government rejects call for inquiry into JMB affair
      215 5 Reuter AFP THE BRITISH GOVERNMENT has rejected renewed calls from parliamentarians for a public inquiry into the Johnson Matthey Bankers Ltd (JMB) affair after a police announcement that evidence of fraud on JMB had been discovered. Treasury Economic Secretary lan Stewart
      Reuter; AFP  -  215 words
    • Article
      Asian $ market
      320 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels after a day of quiet trading. Short-dates firmed '/i point at the outset but remained unchanged with Friday/Monday, Monday/Tuesday and week fixed closing at a common level of 8 3 B'/« per cent. Periods were little changed at
      320 words
    • Article
      Lock icon China likely to decide on gas field loans soon
      478 5 Reuter CHINA is likely to decide soon whether to go ahead with its first large-scale overseas borrowing to develop its offshore energy resources, western and Chinese banking and oil industry sources said. Bankers said several banks were believed to be talking
      Reuter  -  478 words
    • Article
      Lock icon Venezuela debt rescue plan being finalised
      234 5 Reuter VENEZUELA now expects to sign its US$2l.2 billion foreign debt rescheduling in January, having reached a satisfactory agreement with creditor banks this week on contracts. Finance Minister Manuel Azpurua said yesterday he was confident of winning full support from Venezuela's bank creditors, on
      Reuter  -  234 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      73 5 RENOVATION SALE Decorate your home at V 2 the cost Brass Table with marble top 4JtAjQI Eooe- Now $443 Brass Trolley Ufcuul $350" Now $175 Sofa Set 1 Sofa and 2 arm chairs Uoujl SE37fr Now $1189 Brass Table Lamp U«waf-$238 Now $119 Brass Bed King size excluding mattress Uguol
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      Page 5 Advertisements Column 2
      54 5 Swiss Bank Corporation Singapore Please note that effective December 2,1985 our new address, telephone and telefax numbers will be: 6 Battery Road #35-01, Singapore 0104 Telephone: General 224-2200' Forex 224-6522 Money Market 224-6534 Telefax: 224-7743 Remaining unchanged: Telex: RS ***** Sinsuis Cable: Sinporsuis Swift: SBCOSGSG Mailing Address: Maxwell Road P.O.
      54 words
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  • TIME-OFF
    • Article
      This sheriff ain't no Wyatt Earp
      535 6 SPOILT ILLUSIONS are very hard to bear. Everybody who went to the cinema in the good old days of the West knew the role of the sheriff. He was the good guy who when the prairies were opening up took a hand in defending
      535 words
    • Article
      MAS urged to take a stand
      375 6  -  letter to the Editor Pan-El Shareholder Dear Sir, The delay in rendering a positive conclusion to the "Pan-El" rescue package is strangling the market. Many of us believe that this delay is worse than an actual declaration that the bankers refuse to help and
      375 words
    • Article
      Lock icon UK youth theatre fights for survival
      500 6 Reuter BEHIND the shabby walls of a former taxi firm near London's King's Cross Station, the National Youth Theatre of Great Britain is staging a fight for survival. In its 90th season, after a record-breaking year and in spite of a worldwide reputation, the
      Reuter  -  500 words
    • Article, Illustration
      A display of heritage
      1301 6  -  Sarawak Museum draws visitors with its uniqueness and variety By JOE FERNANDEZ KUCHING's Sarawak Museum is undoubtedly among the best in the South-east Asian region, and with good reasons. Already noted for the diversity of its ethnic groups with their own culture, customs and traditions, Sarawak's
      1,301 words
    • Article
      BILLBOARD
      1110 6 What's on from Nov 30-Dec 6 AEROBICS CHAMPIONSHIP: The finals today. Liang Court Atrium. 2.30-5.30pm. Under the close scrutiny of eight judges, 30 participants will be vying for the first and other prizes. Free admission. CONCERT: Singapore Symphony Chorus performs Verdi's Rmqui--om. Victoria Concert Hall. 8.15pm. Tickets: $4,57,510,515. This
      1,110 words
    • Article
      STRAWS in the Wind
      254 6 NTUC INCOME'S 15th anniversary dinner last Saturday served up a golden surprise. The hosts announced they had ordered for their guests 1,000 gold-plated desk-top bulls from the makers of Risis orchids. There were gasps when the VIP guests opened their boxes and saw the proud beasts.
      254 words
    • Article, Illustration
      The unique art form that is mime
      159 6 THE THEATRE SCENE In Singapore Is seeing mere and more of the unique art form of mime, thanks to the efforts of organisers in the public and private sectors. Two talented mime artists from Britain are performing here for two days. Karimlr Kolesnik
      159 words
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  • SPORTS
    • Article, Illustration
      Lock icon Four top players battle for US$450,000
      336 7 Reuter JACK NICKLAUS, who has made more money playing golf than anyone, could become U*****,000 richer by winning the "Skins Game" annual tournament this weekend. The event, named after a form of gambling common among American weekend golfers, will pit Nicklaus, 45, against top
      Reuter  -  336 words
    • Article
      Lock icon Stars & Stripes hopes to regain America's Cup
      541 7 Stars Stripes hopes to regain America's Cup UPI IN THE WATERS off the Hawaiian isfand of Oahu, a multi-mil-lion dollar campaign is underway to win back from Australia the most coveted prize in yacht racing the America's Cup. The Sail America Foundation for International Understanding, one of 16 challengers representing
      UPI  -  541 words
    • Article
      Two to score for Leong
      651 7  -  By BRIAN MILLER JOCKEY S Y LEONG must realise that time is running out and that another "blank" weekend could mean the end of his bid for the 1985 Jockeys' championship title. Until three weeks ago, Leong was right up there in the firing line
      651 words
    • Article
      Samy's reign at Sembawang may end
      461 7  -  By WALTON MORAIS GOLF's longest unbeaten streak in Sembawang could come to an end tomorrow when the club's Gold Medal championships tees off. Veteran international P M Samy, who has won every Gold Medal championship he has played in since 1979, appears on the
      461 words
    • Article, Illustration
      Lock icon McEnroe wins match on rain-soaked surface
      487 7 UPI FIERY JOHN McENROE slipped and slithered his way past chunky South African Danie Visser in his opening match at the US$l.5-million Australian Open tennis championship yesterday before a crowd of 8,300 and Tatum O'Neal. McEnroe celebrated Thanksgiving when he carved his way through
      UPI  -  487 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      1440 7 to am gmduq CENTREBTAGE Bedroom Fare* 8.30 pm, Channel 12 This play highly acclaimed comedy should be a delight to audiences who enjoy peeping into other people's marital bedrooms. This show is about the marital harmonies and otherwise of four couples, played out against a background of three bedrooms. Micheel
      1,440 words
    • Miscellaneous
      Page 7 Miscellaneous Column 2
      795 7 TOMCMaa (SSDOTMi) CRYPTIC PUZZLE ACROSS 8 h toW, yes, but it's only tolk (7) 9 Something other than Russian money (thot's easy) (2, 7) 13 H's the smallest meadow, by the way (5) 14 One's set foot in it repeatedly (5) 15 The soldiers turned toil, having caught the sickness
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon British Gas privatisation bill will boost competition
      340 8 Reuter THE UK GOVERNMENT has submitted draft legislation on the privatisation of state-owned British Gas Corp, a move which will improve the opportunity of other companies to compete in the gas supply sector. Government sources said the gas bill, published on Thursday, would
      Reuter  -  340 words
    • Article, Illustration
      Lock icon Good response to Laura Ashley's offer
      205 8 Reuter THE SHARE OFFER by Britain's Laura Ashley store group, the company that grew from a kitchen-table workshop into a global fashion empire, has received overwhelming response. Thousands of people jammed pavements in freezing temperatures outside the City of London Bank where applications had
      Reuter  -  205 words
    • Article
      Lock icon Texaco's credit standing expected to decline
      189 8 Reuter TEXACO INC may well avoid bankruptcy, but its creditworthiness is likely to suffer even if the US$lO.5 billion Texas jury award in damages to Pennzoil Co is reduced substantially, according to bond market analysts. Texaco, with a current stock market value of $8.6
      Reuter  -  189 words
    • Article
      Lock icon UK electronics outlook
      127 8 Reuter SIGNS OF recovery in the UK electronics industry should start appearing next year but the road back to health will be long and arduous, industry analysts have said in London. The sector has been hit by overcapacity in the computer, telecommunications and components markets and is
      Reuter  -  127 words
    • Article
      Toronto
      113 8 a S3* Inco 16* 44* inch unch bit Un 19 inch KerT Add Argoen HkJgi Lobk>« B Mossey Ferg 21* 3* unch Bonk Novo Scotia Be* Canada 14* 43 Mc Btodel MoKon A Moore Cp 19* 27* •i* Con Imp Bk 424 17* Noranda Mn 14* urvch Cortina O'Keete
      113 words
    • Article
      Johannesburg
      198 8 NOV 2> land llnoec 605 ***** -5 INDUSTRIALS MININGS A AJpho Abercom 900 190 unch Anglos jodu uncn i mrm .«vh AE And O Amopf op AAAIC 935 450 -5 10 Byyoors 1800 -30 200 10 3350 25 EkiHefc 1430 -5 2500 unch CNA 200 unch Cons Mufth 1540
      198 words
    • Article
      European markets
      881 8 Amsterdam NOV 28 Fb ABN 548 00 Aegon ***** 02 Ahold 75 40 02 138 60 0 6 AMEV 80 50 -07 Am tcts A/nro Bonk 99 80 -04 39 00 -03 Bob Boskolrt Bur Tet ***** 35 Cotood Oct Mq 166 00 -45 F«*i 6400 Fokkcr 7500
      881 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      519 8 T N Si m o%^: m m I I I r *v E''K«:-v;a.f- K If jP.9 7J2JW% Chances are you'll hear your favourite kind of music at the Act I Lobby Bar. Just ask for it. Nightly from 6.30 pm to 1.00 am (3.00 am on Saturdays). UD Crfiwaprtf hike
      519 words
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      Page 8 Advertisements Column 2
      149 8 ;>-(\{+[;{=~!|{'?,^(&.~%><,_%:~ m >*Vl l < m ea<* brands c ac^ •ESP;*^ Lounge Enjoy the world s finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet, Body N Soul from the Philippines. They'll captivate you! Happy Hours: spm 7pm, 50%
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  • ASIAN STOCKS
    • Article
      Hongkong
      340 9 HONGKONG: Stock prices closed sharply higher yesterday, buoyed by investor enthusiasm for Swire Pacific's plan to list shares of its 70 per cent owned Cathay Pacific Airways unit. The Hang Seng Index rose 31.45 points to 1,716.95, nearly erasing Thursday's 31.97 point loss. Swire Pacific had said it intended
      340 words
    • Article
      Taipei
      221 9 NOV 29 Al Sincere Indus MT 2 04 21 80 -0 05 0.5 Nan Y a Has Pacific Cons Pocrfvc Elect Wire 28 40 15 80 13 05 0 80 0 4 0 5 0 25 001 Cathay Coos 26 50 09 14 45 05 Chang Hwo Bank 4320
      221 words
    • Article
      Tokyo
      342 9 TOKYO: Shares rose in a last hour turnaround yesterday, but trading was very light on Wall Street's holiday on Thursday and some brokers were late after left-wing radicals sabotaged Tokyo trains by attacks on stations in the morning. The market average rose 22.08 to 12,763.27 after losing 36.65 on
      342 words
    • Article
      Manila
      63 9 NOV 29 P«« Maretee) On«ntol B 0015 unch Ph4e* B Acofc MwnQ Picop B Apex Mining B 0 0095 unch 10 Podco B i«h Pogei Bouc Petroleum Benguet Coo. B 0 0024 -0 0006 90 unch San Mtguct B Seafront 16 15 0046 -0 35 +0 0414 cdcp First
      63 words
    • Article
      Sydney
      374 9 SYDNEY: Share markets closed easier yesterday in lacklustre trading, dragged down by a lack of overseas and local news, a lower BHP and easier world gold prices. At the close, the All Ordinaries Index had fallen 0.9 to 990.6, the All Resources Index 2.8 to 626.3, and the All
      374 words
    • Article
      Seoul
      97 9 NOV 29 Won Hyundai Const 928 -2 Hyundoi Motor 1378 62 Bonk Seoul 745 2 KAL 570 -10 Choheung Bk 701 -4 Korea First 746 unch Commerciol Bk 748 -12 Yukong 1400 8 Ooebm Ind 609 •4 Korea Ship 430 -6 Doe woo Corp 567 -1 Lucky Ltd 745
      97 words
    • Article
      Bangkok
      174 9 BANGKOK: Stock prices closed mixed in quiet trading yesterday which centred around finance group. The Book Club Index fell 0.03 point to 128.39 as advances led declines by five-to-one. Daily turnover was 90,483 shares compared with Thursday's 131,054. Siam Citizens won two baht to close at 66.50, Industrial Finance
      174 words
    • Article
      Lock icon Japanese profits down
      56 9 AFP COMBINED ordinary profits of major Japanese companies in the April-September period dropped about 4 per cent from the corresponding period last year. Wako Research Institute of Economics in Japan said in a survey report that the decrease in combined profits was mainly due to a slump
      AFP  -  56 words
    • Article
      Foreign investment in Japan rises 63pc
      455 9 Tokyo hopes increase will help ease trade friction FOREIGN INVESTMENT in Japan jumped 63 per cent in the first half of fiscal 1965 from the same period last year, bolstering a long-term increase which the government hopes will help appease disgruntled trade partners. Yoriko
      455 words
    • Article
      Lock icon Manila seeks to license companies in US bases
      203 9 Bernama THE PHILIPPINE Securities and Exchange Commission (SEC) plans to require all companies operating within the two American military bases in the country to secure a licence from it. SEC chairman Manuel Abello said yesterday that the commission had sent a letter
      Bernama  -  203 words
    • Article
      Lock icon Nippon Telegraph looks to higher profits
      113 9 AFP NIPPON TELEGRAPH and Telephone Corporation (NTT), which was privatised last April, yesterday announced results for the first six months that promise higher profits than expected for the year to March 31. The April-September group operating revenue exceeded 2.29 trillion yen and operating profit
      AFP  -  113 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      165 9 utk- ypf.it C i X iiL f% I r ion 3 ■>-U m MADE BRAND NEW, FOR YOU. The lON goes brand new with an all-new look and all-new entertainment. ON STAGE The VAMPIRE' 6-piece band from Thailand. And Singapore's very own 'GYPSY'. DJ 'Freaky Freddy' from The Music Force.
      165 words
    • Advertisement
      Page 9 Advertisements Column 2
      143 9 From 1 st October to 31 st December 1985, just order an Old Parr or Hennessy X 0... or a cocktail with Smirnoff Vodka. Gilbeys Gin or Malibu. And you could win a Concord Delirium watch or any of the many exclusive prizes No cover charge during tho first —hour
      143 words
    • Advertisement
      Page 9 Advertisements Column 3
      97 9 Meals at Cafe De Grand are twice as good. UUi tt *■1' i* '21 i'A T7 Try our delicious Hamanese set chicken nee with beancurd soup S7 00 4 per serving y J Enjoy a select choice of Western and Chinese cuisine or ask for your local favourites at Caf6
      97 words
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      Page 9 Advertisements Column 4
      39 9 Senesfe, gabtoipo lewelleSTy Costume JeweHeryShow at the Mandarin Singapore November 26 27 Kasbah 11pm November 28. 29&30 Mezzanine Lounge spm The Library 11pm Stunning. Fantastic. Dazzling. For the first time in Southeast Asia! JABLONEX Dressing for a glittering occasion
      39 words
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      Page 9 Advertisements Column 5
      141 9 let's booze to the music Si ctfbo# v V I HAPPY HOURS: spm 7pm daily thts popular all-girts, Six Angel* Band, plays and sings right into your heart. Brings you into a world of pure entertainment while you drink away into the night. Showtime: B.oopm -1 00am (Mori Frl) B.oopm
      141 words
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  • SHARE INFORMATION
    • Article, Illustration
      Prices drop for the ninth consecutive session
      4421 10 SHARE PRICES FELL for the ninth consecutive session yesterday. The falls, though small in comparison to the previous sessions, were across the entire board. The BT Composite Index fell 2.38 points to 597.01 from 599.39 previously and the Straits Times Industrial Index lost
      4,421 words
    • Article
      Chief price changes
      275 10 SINGAPORE Rises Indices M Cables 630 Duff Dev 620 A B N 100H 400 Womwm Hldgs 74 Kwn Joo 50« 285 S t H 600 M laiiin) 520 Sim Lm 195 Falls loiy Elect 350 Somondo Hldp 255 TOM 295 0 Keromot 600 Sao View 227 MIF
      275 words
    • Article
      Business done on the SES
      4154 10 SECTION ONE INDUSTRIAL COMMERCIAL Acmo (0 918 0 935) (10) 0 93 (2) 0 92'7 (10) 0 92 (3) 0 91 Allied Choc (2 »48 2 I6S) (2) 2 16 Amol Steel 50c (0 898 0 90S) <8)091 (12) 0 904 (17) 0 91 (4)
      4,154 words
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  • COMPANY NEWS
    • Article
      Raleigh buys into UMBC
      582 11 Purchase of 20pc stake for M$ 141.73 m CONFIRMING EARLIER market rumours, Raleigh Bhd is buying a 20 per cent equity stake in Malaysia's third largest commercial bank, United Malayan Banking Corp Bhd (UMBC), (or a total consideration of MJ141.73 million. The deal involves the acquisition
      582 words
    • Article
      Share prices suffer a relapse in KL
      413 11 SHARE PRICES (ell across the board at the Kuala Lumpur stock market yesterday as sellers dominated trading activity. In line with the strong recovery on Thursday, the market opened on a slightly steadier note but thereafter drifted sideways for the better part of
      413 words
    • Article
      Business done on the KLSE
      2909 11 BID and offer prices officially listed and fondness in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. MDUSTMALS A Choc (2 80S) AMD (4.585) (8) 4.58 (2)
      2,909 words
    • LATEST RESULTS
      • Article
        SRI HARTAMAS Corpora- tion Bhd:
        62 11 Pre-tax profit of M 515.11 million ($14.69 million) on turnover of $63.12 million ($66.82 million) for the year to end-August 1985. After taxes, profit amounts to $12.99 million ($14.59 million), giving earnings per share of 9.3 cents (10.4 cents). 4 first and final dividend of
        62 words
      • Article
        WANNIAN HOLDINGS LTD:
        46 11 Group pre-tax loss of 1707,326 (profit of $1.53 million) on turnover of $15.45 million ($4.61 million) for the six months to end-Au-gust 1985. After tax profit comes to $42,674 ($867,630) giving EPS of 0.09 cents (3.17 cents). No interim dividend has been recommended.
        46 words
    • Article
      Unit trusts
      264 11 Managers' prices for Nov 30 Dec 2 Singapore Unit Trust The Commerce 46 55 The Savings Fund I I4 21 S'pore Prog Fund 0 61 0 65 S'pore Sec Fund 0 93 0 98 S'pore Invest Fund 0 72 0 76 S'pore Equity Fund 0 64 0 68*
      264 words
    • Article
      Selected indices
      112 11 HONGKONG Hang Seng Index Fridoy 1716 95 Thursday 1685 50 Week ago 1712 82 TOKYO Nikkei Average Friday 12/63.27 Thursday *****.19 Week ago *****.33 TSE Index Fridoy 1006 53 Thursday 1006 77 Week ago 1008 52 SYDNEY All Ordinaries Fridoy 990 6 Thursday 991.5 Week ago 991 8
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      840 11 SINGAPORE PRESS HOLDINGS LIMITED Final Statement And Dividend Announcement Shareholders will recall that the Joint Announcement of Ist December, 1984, as issued by the Boards of Times Publishing Berhad, The Straits Times Press (1975) Limited and Singapore News and Publications Limited, stated that the 30th November, 1984 was the effective
      840 words
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  • Article
    Call to ease brokers' stuffing pains
    274 12 President of Forex Association urges trust A CALL TO REDUCE the problem of money brokers suffering through sudden changes in foreign exchange rates was made last night by the president of the Forex Association of Singapore, Mr Jimmy Tay. He urged bankers and brokers
    274 words
  • Article, Illustration
    Lock icon Rajiv looks to Japan for expertise
    231 12 AP INDIAN Prime Minister Rajiv Gandhi yesterday called for a boost of trade and exchanges of high-technological and managerial expertise with Japan. The move would spur what Asia's two most populous democracies had dubbed a new era of cooperation. India had "watched with admiration
    AP  -  231 words
  • Article
    Lock icon Beijing says London not deviating from HK accord
    145 12 Reuter CHINA'S top negotiator in talks with Britain on the future of Hongkong yesterday played down an earlier Chinese statement that London had deviated from the Sino-British accord. But he said it was important for the two countries to work out Hongkong's
    Reuter  -  145 words
  • Article
    Call to make directors liable for payments to retrenched workers
    397 12 A CALL for company directors to be made personally liable for compensation payments to retrenched workers went out yesterday. Mr David Gerald, a former legal officer of the Labour Ministry, said yesterday that the law should specify a minimum amount
    397 words
  • Article
    Pung How to head SBC
    103 12 YONG PUNG HOW, the chairman and chief executive officer of Oversea-Chi-nese Banking Corporation, has left the board of the Mass Rapid Transit Corporation to head the Singapore Broadcasting Corporation, effective from Dec L Besides being the deputy chairman of Singapore Press Holding, Mr Yong is
    103 words
  • Article
    Lock icon Beer tycoon fined
    96 12 Reuter AUSTRALIAN entrepreneur John Elliott, whose company is involved in a massive brewery takeover battle in Britain, was found guilty yesterday of driving while the alcohol in his blood exceeded the legal limit. Elliott, who runs the conglomerate Elders IXL which brews the wellknown Foster's lager, was
    Reuter  -  96 words
  • Article
    ITC takes injunction against Transworld over tin delivery
    288 12  -  By LUCY NG THE INTERNATIONAL Tin Council has taken out an injunction to prevent UK-based Transworld Metals Ltd from taking delivery of about 800 tonnes of tin which are now in Singapore. The ITC was forced to withdraw its support of the
    288 words
  • Article
    Lock icon Bigger advances for miners
    91 12 Bernama MALAYSIA'S two tin smelters Datuk Keramat Smelting Sdn Bhd and Malaysian Smelting Corporation Sdn Bhd have increased advances to tin miners to between Ms4Bo and $500 per pikul from $350.00 previously. Datuk Hew See Tong, the vice-president of the All-Malaya Chinese Mining Association, said yesterday
    Bernama  -  91 words
  • Article
    Maker of sanitary ware plans China venture
    407 12 POTEX ENTERPRISES Pte Ltd, the biggest local sanitary ware manufacturer, is now discussing a joint venture to produce and sell toilet bowls and wash basins in China. Mr Chua Thuan Koon, Potex's managing director, said his company would help to upgrade its Chinese
    407 words
  • Article
    Lock icon Comex gold
    101 12 Reuter COMEX GOLD FUTURES lost some of their initial currency-in-spired strength early yesterday and were trading narrowly mixed in thin early dealings, brokers said. Gold for February delivery was US$l.lO off at $329.20 an ounce. Spot December came under light speculative liquidation on its first notice day and
    Reuter  -  101 words
  • Article
    Lock icon Dow Jones higher
    66 12 Reuter THE NEW YORK stock market pushed higher in early trading yesterday, aiming to finish the month with another record. The Dow Jones Industrial Average, which gained 19 points on Wednesday in heavy pre-holi-day trading, was up seven points to 1482. Advances led declines by a five-three
    Reuter  -  66 words
  • Article
    LONDON STOCKS
    939 12 SHARE PRICES opened mostly easier yesterday at the outset, reflecting a mark-down following Thursday's lower close, dealers said. Early business was small and at 0945 GMT, the FTSE 100 share index was 1.3 down at 1428.0. ICI opened 6p off at 714 while 3p falls were noted in
    939 words
  • Article
    Schultze gives advice on attaining social goals
    147 12 DEMOCRATIC SOCIETIES with free market economies need to learn to use market-like incentives in addition to regulatory devices in their efforts to pursue desirable social goals, Lee Kuan Yew Distinguished Fellow Professor Charles L Schultze said yesterday. "Singapore uses incentives as a means
    147 words
  • Article
    Lock icon 120 m listeners
    51 12 AP THE BBC says in its annual report that an estimated 120 million people worldwide listen to its external radio services. The report also says that the BBC's 36 foreign language services have a combined estimated 100 million listeners, while the World Service has 25 million listeners.
    AP  -  51 words
  • LATE FILE
    • Article
      Lock icon KL external trade surplus up
      42 12 Bernama MALAYSIA'S external trade surplus rose 43.2 per cent to M 54.47 billion for the first eight months cf this year from $3.12 billion in the same period last year, the Malaysian Statistics Department reported yesterday. Ber-
      Bernama  -  42 words
    • Article
      Lock icon Sanko to pay chartering fees
      43 12 Reuter THE ASSET preserver for Sanko Steamship Co Ltd yesterday informed trading houses, which have leased handy-size bulk carriers to the shipping company, that it would pay pending chartering fees for November, Japanese trading house officials said. Reuter
      Reuter  -  43 words
    • Article
      Lock icon Higher yen cuts Tohyo's surplus
      47 12 UPI THE YEN'S appreciation helped Japan reduce its current account surplus in October. The Japanese Finance Ministry yesterday estimated the surplus at U554.77 billion, down from the September figure of $4.88 billion but up from $3.89 billion in October last year. UPI
      UPI  -  47 words
    • Article
      Lock icon Ghana expels four US diplomats
      38 12 Reuter GHANA has expelled four US embassy officials in Accra. Ghana Radio said Secretary (minister) for Foreign Affairs Obed Asamoah told US ambassador Robert Fritz of his government's decision on Thursday night. Reuter
      Reuter  -  38 words
    • Article
      Lock icon Manila bans Aussie troops
      32 12 Reuter THE PHILIPPINES banned Australian forces from foreign military facilities in the country yesterday to protest against "unfriendly and hostile" statements by Australian Foreign Minister Bill Hayden. Reuter
      Reuter  -  32 words
    • Article
      Lock icon Polish academics purged
      44 12 AFP ABOUT 30 chancellors, vicechancellors and faculty deans in major Polish universities have been dismissed in a sweeping purge in the past few days, university sources said yesterday. The authorities have refused to confirm or deny reports of the purge. AFP
      AFP  -  44 words
    • Article
      Lock icon Jakarta-Canberra extradition accord
      52 12 Reuter INDONESIA and Australia have signed a draft extradition treaty after a three-day meeting, the Australian embassy said yesterday. In its terms, criminals sentenced to more than one year in jail will be subject to extradition if the other country requests it, the embassy said in a
      Reuter  -  52 words
    • Article
      Lock icon US threatens to end NZ treaty
      44 12 Reuter THE US has threatened to end a 34-year-old mutual defence treaty with New Zealand if the Wellington government passes legislation banning visits by ships which could be carrying nuclear weapons, the New York Times reported yesterday. Reuter
      Reuter  -  44 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 Outlook for today: Cloudy with pre-down roin and showers in many areas in the late morning. Report for 24 hours prior to 7 30pm on Nov 29 ot the airport: Maximum temperature 31.1 Associated humidity 63 Minimum temperature 23.4 Associated humidity 97 Hours of sunshine 4.40 Roinfall in millimetres 4.4
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