The Business Times, 14 December 1985
1985-12-14
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The Business Times
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Title Section12 1985-12-14 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, DECEMBER 14, IMS 75 CENTS12 words
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363 1985-12-14 1 WIDE RANGING and fundamental changes are imminent at Intraco Ltd, the international trading and manufacturing group in which the government has a substantial shareholding. By the close of the year, the company will see not only the departure of its managing director, Mr Chandra Das,363 words
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Article, Illustration619 1985-12-14 1 NAJEEB JARHOM - Arthur Young asked io look into validity of some share purchase arrangements By NAJEEB JARHOM PUBLIC ACCOUNTANTS Arthur Young have taken over financial control of Growth Industrial Holdings, in a unique arrangement that virtually puts the enigmatic company under receivership. GIH, which has remained619 words
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Article, Illustration40 1985-12-14 1 LEE IACOCCA - By LEE IACOCCA The Rambo approach to politics is spreading in America, warns Lee lacocca, the country's most outspoken businessman. Find out why, and what he thinks about bargaining and the art of compromise in BT on Monday.40 words
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Article110 1985-12-14 1 Reuter THE TOP THREE executives of Bank of America's Jakarta branch have left the company and have been replaced by executives from Hongkong. The bank made the announcement in a statement yesterday but it gave no reason for the move. The bank posted a loss ofReuter - 110 words
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141 1985-12-14 1 THE COMMERCIAL Affairs Investigation Department (CAID) of the Ministry of Finance has sought help from Interpol to look for Peter Tham Wing Fai, 37, the former managing director of beleaguered Pan-Electric Industries. A CAID official said an informal approach had been made to141 words
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Article, Illustration177 1985-12-14 1 SHARE PRICES REBOUNDED strongly on the Singapore stock market yesterday as investors' confidence was bolstered by the release of positive corporate news. The rises scored by certain indexed stocks helped to push up both the major market indices yesterday. At the close,177 words
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484 1985-12-14 1 NYT, AP A COMPUTER MALFUNCTION last month led the Bank of New York to borrow a record U5522.6 billion from the Federal Reserve Board to tide over a "banking crisis" that never was. Fed chairman Paul Volcker told a House ofNYT,; AP - 484 words
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Article, Illustration462 1985-12-14 1 RAMESH CHANDIRAMANI - RAMESH CHANDIRAMANI RETAIL GIANT Metro Holdings Ltd and its 53 per cent owned subsidiary have brought little cheer to their shareholders this Christmas. The two companies continue to wallow in red ink. Unaudited results for the first half year to Sep 30, 1985, show462 words
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Page 1 Advertisements
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Advertisement92 1985-12-14 1 ClflSlfiTEH'B6 Southeast Asia's 3rd International Exhibition of Textile Garment Machinery and Fabrics Trade 24 -27 May 1986 W.T.C. Singapore IINTERFAMA EXHIBITIONS PTE LTD 31 nj »v H>i S-» 1,.i HS ?4 f >BO!W AMA #1 Golf Club Tl» twtfwtt <olf eh* of Mimi ain Yamaha s Carbon Composite clubs tan92 words
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Advertisement251 1985-12-14 1 Creditor banks back Pan-El rascua accord, Paga 11 mm SHARE INFORMATION MONEY it EXCHANGES RAW MATERIALS SHIPS IN PORT OUR VIEW GREMLINS CAUSE MISERY to all who use typewriters and computers. The nasty little bugs, the enemies of journalists and onybody who depends on his living for truth in the251 words
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Advertisement98 1985-12-14 1 More reports, Page 10 Asian stocks, Page 9 Intl stocks, Page 8 .4 SINGAPORE: forward dollars At Banque Indosuez, we turn challenges into opportunities. We have applied our expertise in Treasury, Foreign Exchange and Capital Markets and have designed new products, techniques and strategies to help you cope with increasingly98 words
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Advertisement17 1985-12-14 1 international LEISURE MART The Fair For Wholesome Pursuits Playing... Living... Learning 21 24 June 1986 W.T.C. Singapore17 words
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HOME NEWS
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409 1985-12-14 2 JEFFREY TSANG - By JEFFREY TSANG BUKIT TIMAH, generally considered a preserve of the middle-class, is to have public flats by the end of 1987. The Housing and Development Board is building 19 blocks comprising 1,581 flats on a 10.6hectare plot at Upper Bukit Timah409 words
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Article, Illustration356 1985-12-14 2 JAIME LYE - By JAIME LYE THIS HOTEL has not opened. It is not yet due for opening because of a project delay. But it already has a history of names, that is. Like many new hotel projects, it started off being referred to merely as356 words
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418 1985-12-14 2 BY 1988, the first five underground Mass Rapid Transit stations will be ready as civil defence shelters. Singaporeans will need to b* taught how to use such sheltffs swiftly and in an orderly maimer in the event of an air-raid. Mr Chin Harn Tong,418 words
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Article, Illustration219 1985-12-14 2 JAAP SLOTEMA has been appointed the deputy manager of Algemene Bank Nederland NV's Singapore branch. Mr Slotema was with ABN (Ireland) Ltd, Dublin, before his current appointment. He takes over from Bob Funke, who has been promoted to the general manager of ANB India. BRIAN HOLDER has219 words
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132 1985-12-14 2 MAJOR-GENERAL Winston Choo, the chief of general staff, Ministry of Defence, was among 518 recipients of the long service and the efficiency medals last night. Civil servants and employees of statutory boards received the awards from President Wee Kim Wee and Mr Wong Kan132 words
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197 1985-12-14 2 CHINA IS TO SEND an official delegation to the 6th Offshore South East Asia Conference and Exhibition to be held here in January next year. Confirmation of its attendance has been received by Miss Jean Mac Donald, a director of the organisers, Offshore South197 words
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159 1985-12-14 2 TRAVELLERS flying to and ttMpi Indonesia, the Philippines and Thailand will soon Oil up the same customs declaration farms. Thirsts one of the decisions ttkde at the ninth meeting of the Asean Working Group on Customs Matters which ended yesterday. The meeting, held at159 words
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Article87 1985-12-14 2 THE WORKERS' Party has warned the government that it cannot continue to ignore public demand for information about the Pan-Electric crisis. "The government that does so does it at its own peril," pointed out the Workers' Party in a statement signed by its secretary-general, Mr J87 words
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Article54 1985-12-14 2 DR AHMAD MATTAR, the Minister for the Environment and Minister-in-charge of Muslim Affairs, left yesterday for Makkah (Mecca) in Saudi Arabia to attend the 11th session of the World Supreme Council for Mosques. Dr Mattar, who has been a memeber of the Council since 1980. will be54 words
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Article, Illustration305 1985-12-14 2 A FIREWORKS DISPLAY lasting one-and-a-half hours will be part of a million-dollar effort by a Japanese district next month to bring in tourist dollars from the Asean region. The display, which will cost $300,000, will be held at the Japanese Gardens on Jan305 words
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Article790 1985-12-14 2 AT CONVENTIONAL WHARVES f v V Vessel Berth Agent Arrival ft Departure KEPPEL WHARVES 14.12 85/1500 Belait K25W SSPL alongside Jenson K22 Thong Soon alongside 14.12.85/1400 Jumpa K35 Leo Shpg alongside 14.12.85/1030 Kota Bonteng K28 PIL alongside 14.12.85/0600 Koto Jade K31 PIL alongside 14.12.85/1100 No 8 Donom790 words
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Page 2 Advertisements
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Advertisement8 1985-12-14 2 WORLDW/DECOUR/ER Changing the way the world does business.8 words
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OVERSEAS
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374 1985-12-14 3 Reuter US CONGRESSIONAL negotiators on Thursday agreed to cut military aid to the Philippines, Turkey and Greece but retained massive increases for Israel and Egypt, according to sources. TTie negotiators from the House of Representatives and the Senate agreed to theReuter - 374 words
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195 1985-12-14 3 AP JAPAN plans to drop its "voluntary restraint" on car exports to the US at the start of fiscal year 1966 and halt a fiveyear trade concession aimed at helping the US car industry revamp, a Ministry of International Trade and Industry officialAP - 195 words
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Article834 1985-12-14 3 ARRIVALS Operator Service number Local time From OA OA47I 0030 ATH SIA SQ1 1 0125 LAX/TYO CAL .£4333 0130 TPE PAA PA21/5 0155 LAX/TYO/HKG SJA SQ4I 0615 MAA MK MK746 0755 MRU MAS MH681 0820 KUL CV CV7796 0845 LUX/DXB KAL KE624 0850 KUL MAS MH603 0905834 words
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Article191 1985-12-14 3 AP THE DIRECTOR of China's Hongkong and Macao Affairs Office, Ji Pengfei, has emphasised Beijing's determination to maintain Hongkong's prosperity after it is returned to China in 1997. Speaking on Thursday at a dinner given in his honour by Hongkong's Trade Development Council, Mr Ji said ChinaAP - 191 words
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390 1985-12-14 3 AFP MALAYSIA has amended its investment rules to allow companies manufacturing for export to expand and diversify without seeking official approval. Trade and industry officials said on Thursday that the changes to the Industrial Coordination Act (ICA) were aimed at improving the investmentAFP - 390 words
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Article260 1985-12-14 3 AP PHILIPPINE President Ferdinand Marcos warned yesterday that an opposition victory in February's elections might divide the military and spark a civil war. Mr Marcos's warning was made in a meeting with regional political leaders to patch up factionalism and strengthen the ruling party machinery in preparationAP - 260 words
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387 1985-12-14 4 Reuter CURRENT PROGRESS in bringing about economic cooperation among the five leading industrialised nations will come under strain next year. Tomomitsu Oba, Vice-Minis-ter of Finance (International Affairs), told a business lunch meeting in Tokyo on Thursday that there would be disagreement over worldReuter - 387 words
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Article86 1985-12-14 4 Reuter THE US House Banking Committee has approved a bill establishing a strategic currency Reserve to be used to stabilise the value of the US dollar and offset speculative currency movements. The reserve would be established within the current US exchange stabilisation fund. The reserveReuter - 86 words
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285 1985-12-14 4 IT IS BECOMING increasingly clear that central bank interventions on world money markets will not be enough to force the US dollar down to a desired level, or to keep it down on a sustained basis. What is really needed, says Manufacturers Hanover Trust Company in285 words
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Article, Illustration221 1985-12-14 4 Reuter A NEW LAW requiring the gradual elimination of huge budget deficits could have an immediate, pronounced impact on ITS government spending for both defence and domestic programmes, officials say. President Reagan ended months of uncertainty on Thursday by signing the landmarkReuter - 221 words
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446 1985-12-14 4 Reuter THE POSSIBILITY of tax cuts in the UK's 1986/87 budget is uncertain at the present time, Chancellor of the Exchequer Nigel Lawson said. He told parliament the current prospect was lower oil prices than expected at the time of the autumnReuter - 446 words
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Article145 1985-12-14 4 AP A CONGRESSIONAL banking committee voted on Thursday to delay until next Oct 1 the provision of US$3OO million that President Reagan wants to fight the use by France and other countries of government-subsidised loans to promote exports. The House of Representatives committee, on aAP - 145 words
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181 1985-12-14 4 Reuter SOVIET LEADER Mikhail Gorbachev said the Soviet Union had completed dismantling installations (or new SS-20 missiles deployed in response to Nato Cruise and Pershing missiles in Western Europe. Tass news agency said Mr Gorbachev told Louis Mermaz, the visiting head of the French NationalReuter - 181 words
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Article101 1985-12-14 4 AFP A CURE for baldness has been perfected by the US pharmaceutical company Upjohn, but it could be two years before the new product goes on sale, a company spokesman said. Upjohn is to ask the US Food and Drug Administration (FDA) for permission to market theAFP - 101 words
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Page 3 Advertisements
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Advertisement6 1985-12-14 3 Pan Ants New Clipper Class DailyTbuisAngeles.6 words
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Advertisement211 1985-12-14 3 spg There are no bargains -ffc s 4 '8 0l '^Vr-rt blended ~rh N SC(h J&W4 v. K > •^ii-rrvv *v =2ssg i iTt* s*l sic* *< s ,,VAS h «"i MI W) '*JT r, I ik l ///< >sl ollhi lii\init'\ in lilt-, w Ihi i "ii hu\ \m211 words
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RAW MATERIALS
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Article152 1985-12-14 4 Chinese Produce Exchange (Sellers' noon closing Dec 13 (SS/100 kg) prices on Coconut oil Bulk FOB 6500 Old drum FOB 78 00 New drum FOB 82 00 Copra 33 Mixed (loose) buyers Pepper Muntok White 1102 50 f OB NLW Sarawak White 1092 50 .FOB faq NLW Sarawak152 words
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Article278 1985-12-14 4 Singapore (S$/kilo, ei-godown) Fragrant new crop 1st 074 2nd 0 56 3rd 056 New Crop 25% no stock 10% no stock Thai Broken A-super no stock Special 046 Thai Rice 55% no stock China Rice 10% no stock 15% 0 69 25% no stock 35% no stock Thai Boiled278 words
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Article197 1985-12-14 4 SINGAPORE The market closed slightly lower yesterday with January One RSS buyers quoted at 155.25 cents per kg, down 0.75 cent from Thursday. The morning session lost 0.75 cent on some liquidation in quiet trading. Prices were little changed in dull afternoon trading due to lack of interest and197 words
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Article76 1985-12-14 4 Reuter THE International Wheat Council has approved most of the draft of the international wheat trade convention of 1986, a key part of a new International Wheat Agreement scheduled to come into force on July 1 next year. The new accord will strengthen co-opera-tion between IWC membersReuter - 76 words
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Article182 1985-12-14 4 THE MALAYSIAN crude palm oil market closed firm on renewed covering yesterday, with sentiment aided by the sharp rise in Chicago soybean futures in fairly active trading. India's purchase of 11,000 tonnes neutralised palm oil and expectation of a drop in production due to the current rainy season182 words
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Article15 1985-12-14 4 S-L KL TIN Closing prices on Dec 13 (M$/kg) Igk Suspended \JSKKk urnover (tonnes) Suspended15 words
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Article257 1985-12-14 4 SOYBEAN FUTURES on the Chicago Board of Trade extended their rally on Thursday, closing 13'« to 8 US cents a bushel higher in lively trade. Prices were spurred by continued ideas that Brazil's drought in crop areas could result in increased American soybean export business, traders said. Professional companies257 words
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Article323 1985-12-14 4 RAS prices in S c««its/Vfl, FOB in b< NOON CLOSE Buyers SeHero Beyers Sellers lot I RSS Prompt 155 00 156 00N 154 50 155 50N Int 1 RSS Jon 86 156 00 156 50 155 25 155 50 bit 1 RSS Feb 86 155 75 156323 words
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Article102 1985-12-14 4 (cents/kg, 1-ton pollets) g£ FEB 86 (current month) (forword month) NOON NOON RAS Buyers SCHTI SSR 20 151 00 153 OON 151 50 153 50N SSR 50 149 00 151 OON 149 50 151 50N MRELB Buyers Buyers Scllcri SMR CV 209 50 211 50N ***** 212102 words
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Article139 1985-12-14 4 WHEAT FUTURES on the Chicago Board of Trade reversed small gains on Thursday and plummeted in most contracts after midday, closing up '/j US cent a bushel in spot December to down 6'4 cents in new crop months in thin trade. Traders turned sellers in response to the latest139 words
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Article771 1985-12-14 4 COFFEE Robusta futures firmed on Thursday to post gains from Wednesday night of £25 to £8 a tonne in active business, buoyed by a sharply firmer New York market and in spite of firmer sterling against the dollar. Prices were volatile again, with a trading range in the771 words
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Page 4 Miscellaneous
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Miscellaneous67 1985-12-14 4 Doonesbury 1 iai 3 <» m. M V tt &> M WHAT ABOUT amn.zoNKEß* HOUJDO&Km N FAMILY FEEL? UJHAJ ~THB TAXdfTE* 18 V 1 V N /i BY GARRY TRUDEAU HEY,HE/,WU NETWORK KTfS HAVE BEEN HO6GiN6 ALLThiE QUESTIONS. LET'S LETTHE SUPERMARKET MEPIA GET IN A PEW, OKAY I i tr*/67 words
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BANKING AND FINANCE
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Article747 1985-12-14 5 SINGAPORE The US dollar closed lower against most currencies yesterday compared with New York levels in quiet trading with operators largely sidelined ahead of the week end. The US unit closed lower at 201.85/95 yen compared with New York's 202.20/30, at 2.5110/20 marks against 2.5195/5210 and at 2.0995/1005747 words
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Article313 1985-12-14 5 Asian market ASIAN dollar deposit rates closed steady yesterday at around opening levels in very quiet trading. Short dates closed steady at Thursday's 8 7H per cent for overnight and at BMi 8 for week-fixed. Among period rates, one month closed at BVfe 8 and three and six months at313 words
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Article246 1985-12-14 5 Interbank rates at 3pm yesterday: Currencies Momlosl Bid retee Smithsonian Offer croee parity change Local dollars to one unit of foreign currency: US dollar Sterling pound Austrobon dollar NZ dollar Conadion dollar 2 1230 ***** 1 4521 1 1166 1 5169 2.1240 3 0511 1 4538 1.1204 1246 words
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Article397 1985-12-14 5 BA Futures LOW DISCOUNT window borrowings yesterday gave rise to speculation of a discount rate reduction which saw Ear*d*U»r futures opening higher than Thursday's close on Simex. After opening at 92.30 in the March contract, bullish sentiments on aggressive buying from a major wire house saw the contract edgingBA Futures - 397 words
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Article199 1985-12-14 5 HONGKONG: The report was unavailable. TOKYO: Futures prices closed higher yesterday on the exhaustion erf stop-loss selling and position adjustments. The international dollar bullion price was U*****.50/90 in late Tokyo trading compared with a $317.10/60 per ounce New York finish. An anticipated US prime rate cut had little impact199 words
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Article, Illustration138 1985-12-14 5 THE OVERNIGHT rate on the Singapore interbank money market rose V« point from Thursday to close at 4 per cent yesterday. The one-month term rate rose by V» point while the two and three-month rates rose by 1/16 point each. INDICATES Mm «««rag* o4 tha prim* lending ralM138 words
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611 1985-12-14 5 ALVIN TAY - Package will finance construction of OUB Centre By ALVIN TAY SIX locally-Incorporated banks are among a 10-bank syndicate putting together a $165 million loan package to finance the construction of OUB Centre. The package, expected to be signed in the next few611 words
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419 1985-12-14 5 Reuter FEDERAL RESERVE data released on Thursday suggest that the Fed may be easing policy, perhaps as a prelude to a quick discount rate cut from IVi per cent, economists said. "The data indicate quite clearly that the Fed is easing reserve restraint,Reuter - 419 words
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258 1985-12-14 5 FT BRITISH and Japanese banks have followed their US counterparts in declaring support for the developing country debt initiative launched by Mr James Baker, the US Treasury Secretary, in Seoul last October. Their move means that the banking communities of the world's three leadingFT - 258 words
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Page 5 Advertisements
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Advertisement389 1985-12-14 5 NOTICES IN THE MATTER OP THE COMPANIES ACT, CAP. 185 AND NAVAID MARINE PTE LTD (la Members' VoluUry UqrtUtfM) Special Resolutions At an Extraordinary General Meeting of the members of Navaid Marine Pte Ltd duly convened and held at 5001 Beach Road #06-19 Golden Mile Complex, Singapore 0719 on 6th389 words
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Advertisement366 1985-12-14 5 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER OF S.E.A. REPROGRAPHICS SINGAPORE PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Company duly convened and held at 26 Pentlay St., Kenmore, Brisbane, Queensland, Australia 4069, on the sth day366 words
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Advertisement395 1985-12-14 5 ALLIED CHOCOLATE INDUSTRIES LIMITED AND SUBSIDIARY COMPANIES (Incorporated in the Republic of Singapore) NOTICE OF MEETING m NOTICE IS HEREBY GIVEN THAT THE 24th Annual General Meeting of Allied Chocolate Industries Limited will be held at 481, Tanglin Halt Road, Singapore 0314 on Monday, 30th December 1985 at 11 a.m.395 words
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TIME-OFF
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Article536 1985-12-14 6 GREMLIN WAS A WORD invented by the Royal Air Force in the Second World War. Fighter pilots in the Battle of Britain used to land on the runways of southern England and complain to their sergeant armourers that either the guns didn't work, the landing gear536 words
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Article, Illustration904 1985-12-14 6 Bali's tourism boom shows no signs of petering out. And, says JOHN HAIL, the sun-soaked beaches there are still among the finest in the world, the legendary sunsets still awe-inspiring and the unique Hindu-animist culture and arts are as strong as ever. UPI BALI NEVER WASUPI - 904 words
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Article1291 1985-12-14 6 What s on from Dec 14-Dec 20 CCONCERT: 880 preaenta Alexander Rodin. Victorio Concert Hall. S.lspm. Tickets: $4, $7, $10, $15. Russian cellist Alexander Rudin has many victories on his record the First Prize-at the International Youth Radio Contest "Concertino-Prague" and First at the Sixth International Contest in Leipzig.1,291 words
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Article256 1985-12-14 6 FEW PEOPLE know that the Immigration Department has a Tracking Unit, and even fewer know that the unit is now tracking the movement of a two-month-old baby to see whether she has smuggled herself into the country on her own two little feet. The episode started256 words
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Article, Illustration116 1985-12-14 6 CELLIST Alexaader Radln la salalst at the 880*1 eaneert tonight. The gtwif cellist, a prise winner st the Sixth Tchalkavsky lateraatlaaal Contest, will play the Rnsslaa eampaaer's Variations aa A Bscaca Theme Op 33 with the arAlaa lacladed la tonight's programme la Dvarak's Caaeerta far CeUe116 words
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Page 6 Miscellaneous
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Miscellaneous788 1985-12-14 6 mmmm ai CRYPTIC PUZZLE ACROSS 9 Whot you don't have when money's tight? (5, 4) 10 Appear, later, to mind (4, 5) 12 The whole year mate (4) 13 Fix the salesman with a look (6) 14 Don't allow the quiet one oft to get food (7) 15 Convinced, in788 words
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SPORTS
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497 1985-12-14 7 AP, Bernama UNHERALDED sprinter Christian Nenepath of Indonesia edged out Thai veteran Sumet Promna in a photo-finish 100 metres yesterday, with both runners timed at 10.54s for the premiere track and field event at the 13th South-east Asian Games. Collecting theAP,; Bernama - 497 words
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196 1985-12-14 7 Reuter, AFP WEST GERMANY is relying on a super-fast carpet to help Boris Becker and his team mates beat Sweden in next week's Davis Cup tennis final. The West German Tennis Federation (DTB) said the playing surface in Munich's Olympic hall would be an extrathinReuter,; AFP - 196 words
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Article, Illustration509 1985-12-14 7 WALTON MORAIS - By WALTON MORAIS SINGAPORE'S Lim Swee Wah and Malaysia's Nazamuddin Yusof, both aiming to break winless streaks, enter today's final round of the Singapore Professional Golfers' Association championship tied for the lead, two strokes ahead of the field. Playing in the final flight, Swee Wah509 words
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Article, Illustration544 1985-12-14 7 BRIAN MILLER - By BRIAN MILLER YOU CAN'T PUT a good jockey down and Nigel Tiley, who is sitting pretty at the top of the jockeys' table, must surely be the rider to follow at Bukit Timah this afternoon. With trainer Teh Choon Beng having runners in544 words
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Article, Illustration195 1985-12-14 7 Reuter JAHANGIR KHAN provided further evidence on Thursday night to show he could be considered the greatest squash player of all time. The 22-year-old Pakistani and world champion beat New Zealand's Ross Norman 9-2 9-5 9-1 in a 48-minute final atReuter - 195 words
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186 1985-12-14 7 UPI JOCKEY STEVE CAUTHEN, who dazzled the horse racing world in 1977 by riding 487 winners at age 17, is completing a hospital programme for alcohol dependency. Cauthen, 25, a native of nearby Walton, Kentucky, has been racing in England in recent years. He hasUPI - 186 words
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272 1985-12-14 7 Reuter IN THE LIBRARY of the hallowed New York Yacht Club two floors above the trophy room many thought would house the America's Cup forever, Dennis Conner looks ahead to 1987. Two multi-million dollar yachts will cross a starting line in the Indian OceanReuter - 272 words
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466 1985-12-14 7 UPI MAC OGRADY and Tom Sieckmann shot a tournament-record 13-under par 59 on Thursday including a string of eight straight birdies to take a 2shot lead over Jim Colbert and Tom Purtzer after the first round of the U*****,000 team invitationalUPI - 466 words
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Page 7 Miscellaneous
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Miscellaneous1372 1985-12-14 7 TJ CENTRESTAGE The First Part of Henry The Sixth 8.30 pm, Channel 12 m rt r This series covers the period from the death of England's hero of Agincourt, Henry V, in 1422, to the defeat of Richard 111 at Bosworth Field in 1485. In Part I, the seeds of1,372 words
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Miscellaneous37 1985-12-14 7 BriSteWJftanklliciene foOS«. wow? u>URT Or 4 IS THPIT "lttoftflNG, J tTS Tne eQOWP>LEtST OF TV-lE. (3P*U£>/ DRUP^..., r,p) V THUMP/ Poo*e Thump? SIR tfeGiNRLD cnesj££ftRRV'S Lpvtesr IDG-P\ -•< «VN *> W ibll^ i~n) T HVJMP' I T H°^ P37 words
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INTERNATIONAL STOCKS
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284 1985-12-14 8 Reuter PENNZOIL Co chairman J Hugh Liedtke said Texaco Inc "has indicated they think we should talk" about a settlement since a state district court judge entered an US$ll.l2 billion judgement against Texaco last Tuesday. Liedtke said he and Texaco chairman, John K McKinley, soReuter - 284 words
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203 1985-12-14 8 Reuter BRITISH Telecommunications PLC's first half results to Sep 30 were on target despite slightly slower volume growth in the second quarter, its finance director, Douglas Perryman, said. Slower second quarter growth was a temporary phenomenon, probably due to less advertising stimulus, while the firstReuter - 203 words
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309 1985-12-14 8 THE NEW YORK stock market ended mostly higher on Thursday, bolstered by sharp gains in some rumoured takeover targets. The session came on the heels of Wednesday's record-set-ting performance that saw the Dow Jones Industrial Average end above 1,500 for the first time. And309 words
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Article128 1985-12-14 8 D€C 12 AtNt^X C$ 17% Imp Oi Inco Int Pro* P^>* 51% 17% 42% H Aicon 39% 19'* Int Uls Kerr Add 20% 15% Af jo®n Lob law B 22% 34% Maiwy Fefg 3 Bonk Novo Scotia 41 Mc Btodel Motson A 22 20% 30 29% 35% Nofondo Con128 words
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Article212 1985-12-14 8 DEC 12 tend Unrsec 605 1270 -5 INDUSTVIALS MININGS A Alpha Abercom 975B 185 unch Anglos Arvgtvool Byyoon 3900 +25 I3500B unch 1625 25 AE And O Amaprop 940 455 -10 5 AMIC Borrows 3425 1295 -25 -5 Charter 1000 unch C G Smith CNA 2450 190 50 10212 words
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Article736 1985-12-14 8 DEC 12 Ale on AJurran Alcoo Alegheny Lud AM Chem Cp Al*d Stores Airs-C Koimeri Am Brandt tnc Am Broadcast Am Con Co Am Cyanamd Am Elec Pwt Am Express Am Home Prod Am Motors Cp Am Natural Gos Am Tel Tel Amox Inc Amerado Hess AMF Inc736 words
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Article742 1985-12-14 8 Frankfurt DCC 12 Do Aeg-T«te<_-iken BASF Bayer Boycf Vercmbonk BMW 232 00 -4 2 268 90 +0 4 259 50 2 7 490 00 3 549 50 5 5 Convnerzbank Conti Oumn Do*nt«f-B*nj Degussa Deutsche Bank Dresdner Bonk GHH Hoechst Hoesch Horten Korstodt KHD 285 50 +7 5742 words
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113 1985-12-14 8 Reuter GENERAL ELECTRIC Co chairman Jack Welch said the company might have to borrow US$4 billion to $5 billion (or the planned 16.28 billion acquisition of RCA Corp. He said the company had not yet worked out details of its financing, but added: "WellReuter - 113 words
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Page 8 Advertisements
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Advertisement473 1985-12-14 8 >_ iJ% X! Ira 3^^ oe Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16 -h- each and $20 each (min. 2 persons). Over 50 a la carte specialities are also available. jhAP FURAMA SINGAPORE HOTEL473 words
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Advertisement151 1985-12-14 8 London stocks, Pago 11 T^LoMwge Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Savoury Hours: 5 7 pm daily. Getting to know the Perfect Combination, our new Filipino group. Free curry puffs plus 1 free drink for every 2. CRQWn ®fWNCE HOTEL S<«QA»0«(151 words
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ASIAN STOCKS
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Article418 1985-12-14 9 HONGKONG: Stock prices yesterday closed lower as a late round of selective institutional selling erased early gains. The Hang Seng Index ended the day 4.82 points lower at 1,735.58 after gaining more than seven points by mid-morning. Properties were the hardest hit as Cheung Kong fell 40 cents to418 words
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Article273 1985-12-14 9 DCC 13 Al Smceie Inckjs Asm Cement Cottwy Cons Chang Hwo Bonk Chen Loonj ChKi Hsm Cement Chmo Chem Chmo Dev Chmo Elect Wire Chno Gult Plos Chmo Retoar Chmo Steel Chung Chm Tex Chung Hwo Pulp For East Dept Far East Te* NT 2 31 22 70 29273 words
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Article464 1985-12-14 9 TOKYO: Share prices rose in moderately active trading to hit an all-time record as well as a record high close in buying centred on large capital high tech issues and utilities. The market average gained 57.70 to 13,107.98, passing the previous record close of 13,055,52 hit on Oct 15464 words
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Article61 1985-12-14 9 DEC 13 Acoje Mm«ng P«o» 0001 Oriental B PhiteH B 0014 0001 0 1350 -0 005 0 0095 PLOT 36 50 Attos Coo B Baguio Go4d 10 0001 02 unch Podco B Basic Petroleum ***** uoch Beoouet Con B 90 unch Son Miguel B Seotront 1650 0005 unch unch61 words
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Article481 1985-12-14 9 SYDNEY: Sharemarkets yesterday closed easier with a further decline in gold and resource stocks leading the market down. By the close, the All Ordinaries Index had fallen 1.7 points to 976.0, the All Industrials 1.2 to 1450.1 and the All Resources 1.9 to 610.6. The Gold Index was down481 words
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Article83 1985-12-14 9 DEC 13 Won 740 -60 Hyundai Const Hyundai Motor KAL 930 unch 1925 +U0 615 +22 Choheung Bk Commerciol Bk 710 757 600 30 •43 -10 Korea Frst Yukong 771 1653 385 -24 83 ?0 Doewoo Corp Daewoo Ind 563 1097 575 •12 -23 -5 Lucky Ltd Samsung Co83 words
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Article133 1985-12-14 9 BANGKOK: Seasonally tight liquidity, the government's uncertain exchange rate policy and rising domestic interest rates sparked off heavy selling on the exchange this week. The Manila market report was unavailable yesterday. DCC 13 laku Saam Crtuen Sam City 58 456 -05 Ayuthoyo Inv And Trust Bangkok Aground Bangkok Bank133 words
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Article60 1985-12-14 9 Reuter SWIRE PROPERTIES LTD, a wholly-owned subsidiary of Swire Pacific Ltd, has acquired a site for HK$l99 million at a government land auction, a government auctioneer said. Alan Fosler, the managing director of Swire Properties, said the company planned to spend another $100 million toReuter - 60 words
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358 1985-12-14 9 FT INDIA is to open its stock exchanges to foreign investors for the first time since it gained independence 38 years ago by allowing a foreign-based fund to buy equities through the governmentowned Unit Trust of India. Merrill Lynch of the USFT - 358 words
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136 1985-12-14 9 AP CHINA is planning to extend the maximum length of joint business ventures using foreign investment from 30 to 50 years. A Chinese state council official attending an economic seminar in Guangzhou was quoted as saying the decision would be announced formally later thisAP - 136 words
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288 1985-12-14 9 AP TOYOTA MOTOR has become the second Japanese car company to produce cars in Canada with its US$3OO million factory in Cambridge, Ontario. Toyota yesterday announced plans to start passenger car production in Canada in 1988, eventually producing 50,000 vehicles annually and employingAP - 288 words
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Page 9 Advertisements
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Advertisement550 1985-12-14 9 I k\ <a i;• 5? S9 Is 7 The start of an experience so authentic yet unique. Vs 1 v Hi Opening Hours: Lunch: 11 a.m. to 3 p.m. Dinner: 6 p.m. to 10.30 p.m. KINTA-MANI HNDONESIAN RESTAURANTContinental fare with Singapore flair Our chef has created a selection of new550 words
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Advertisement144 1985-12-14 9 Life after 2 Live Binds Nightly! spm -1 am (Monday Friday Sunday) spm 2am (Sat eve of public holiday) HAPPY HOURS spm 7pm (Daily) It's a real happy time! Just buy a drink and get the second FREE. FREE DIAN XIN patrons d every J PAiHXHiU bOUNGK (CAIRNHILL HOTEL) Ground144 words
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SHARE INFORMATION
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Article, Illustration4352 1985-12-14 10 FOR THE SECOND TIME this week, share prices rose on the Singapore stock market yesterday as investors were encouraged by positive news. Brokers say the listing of the shares of Singapore Airlines and Malaysian Airline System next week without further delay is a4,352 words
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Article222 1985-12-14 10 SINGAPORE Rises Indies* TDM 280 46 |T Conwovt. 565 05 Ro., Eloct 300 >40 6W9721 *****44 216 HK Tm Corn SO* 180 §T CADI -6247 -6169 kLlfmS? A9 tr* ,TOiv -*****6 -*****9 ,12 ST Indwitrioti 644 09 655 13 K«Tjoo 50« 270 +15 ST 2425 51 2431.73222 words
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Article3561 1985-12-14 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".3,561 words
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Article111 1985-12-14 10 AMALGAMATED ladvtrial Steel Berhad: 15th AGM at Jalan Utas, Shah Alam, Selangor on Friday, Dec 20, at 10.30 am. AOKAM TIN Berhad: 31st AGM at the Conference Room, Malaysia Mining Corporation Berhad, 39th Floor, Menara PNB, 201A, Jalan Tun Razak, ***** Kuala Lumpur, on Friday, Dec 20, at111 words
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Page 10 Advertisements
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Advertisement11 1985-12-14 10 KL market report, Business dons on ths KLSE Sss pags 1111 words
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COMPANY NEWS
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Article, Illustration760 1985-12-14 11 PROMET BHD executive chairman Tan Sri Ibrahim Mohamed has denied that he has fallen out with his close business partner, Datuk Brian Chang. "There is no misunderstanding with Brian. I am still working as usual with him even under these difficult times,"760 words
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195 1985-12-14 11 Reuter HUTCHISON WHAMPOA Ltd, through one of its subsidiaries, has signed an agreement with the Hongkong government to build and operate a HK$2 billion container terminal in Hongkong. The accord was signed nearly one year after Hutchison's Hongkong International Terminals LtdReuter - 195 words
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Article3628 1985-12-14 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. MXJSTRIM.S A Choc (2 106 2 50S) AISB (0 8063,628 words
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Article112 1985-12-14 11 HONGKONG Hang Seng Index Friday 1735 58 Thursday 1740 40 Week ago 1721 89 TOKYO Nikkei Average Friday *13*07 98 Thursday ***** 28 Week ago ***** 53 TSE Index Friday 1047.97 Thursday 1044 11 Week ago 1011 26 SYDNEY All Ordinaries Friday 976 0 Thursday 977 7 Week112 words
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Article275 1985-12-14 11 Managers' prices for Dec 14 16 Singapore Unit Trust The Commerce 1 21 The Sowings Fund 0 95 S'pore Prog Fund 0 51 S'pore Sec Fund 0 78 S'pore Invest Fund 0 64 S'pore Equity Fund 0 55 1 28 1 01 0 54 0 83 068 058275 words
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413 1985-12-14 11 ALAN LEE - Three-month moratorium on loan repayment agreed upon By ALAN LEE THE STEERING COMMITTEE has finally managed to get all creditors banks to put their signatures on an agreement reached on Wednesday to grant a three-month moratorium on loan repayment by Pan-Electric Industries. Under the413 words
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LATEST RESULTS
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Article82 1985-12-14 11 Group pre-tax profits, in- cluding development profits, amounted to $701,000 for the six months to end-September 1985 compared with $661,000 previously. Turnover dropped to $1.70 million from $1.54 million. Group after-tax profit stood at $290,000 ($96,000) while stated earnings per share rose to 1.6 cents (0.582 words
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Article946 1985-12-14 11 SHARE PRICES were marked lower at the outset yesterday in response to the UK government's warning about the size of possible tax cuts in the next budget, in the wake Qf the lower crude oil prices. At 10.45 am, the FTSE 100 Index was 2.8 points down at946 words
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161 1985-12-14 11 THE ONE}-YEAR put option scheme by Parkwood Investment Ltd to buy any QAF Ltd shares tendered at 79 cents has expired on Dec 9, 1965, with no takers. At the time of the reverse takeover of Ben A Co Ltd161 words
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Article102 1985-12-14 11 AP SIME DARBY Hong Kong Ltd, a subsidiary of Sime Darby Bhd, announced yesterday that it will be going public in January. In a statement, the vehicle distribution and services company said it will be offering 117 million shares of par value 50 HK centsAP - 102 words
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426 1985-12-14 11 SHARE PRICES rebounded across the board on the Kuala Lumpur stock market yesterday after four days of lethargic trading. Speculative stocks were chased up and many of these recorded substantial gains. Most other counters were moderately higher and even blue chips performed better in426 words
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Page 11 Advertisements
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Advertisement208 1985-12-14 11 Vital Information for a Successful Investment in China Chma has opened her door to foreign investors' And we can provide valuable first hand tacts and figures to Singapore Malaysian investors on vital sublets like 1 The crucial issue of the China open policy 2 Examples of successful business deals with208 words
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355 1985-12-14 12 CHUANG PECK MING - By CHUANG PECK MING EMPLOYERS have spelt out for the first time the areas where they are ready to share information with workers. Identified recently at a closed door workshop organised by the Singapore National Employers' Federation (SNEF), the areas included financial matters of which the355 words
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Article500 1985-12-14 12 BOEY KIT YIN - By BOEY KIT YIN SEVERAL LOCAL furniture makers have threatened to break away from the Singapore Manufacturers' Association and organise their own exportpromotion exhibition. The companies, led by Koda Woodcraft, have formed a protem committee to look into the set-up of the proposed group. The500 words
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113 1985-12-14 12 Reuter PRESIDENT REAGAN has recommended cutting off federal funds for the development of synthetic fuels, a programme begun in 1979 to find ways to ease US reliance on Arab oil. Administration spokesmen told Congress on Thursday that Mr Reagan would notReuter - 113 words
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339 1985-12-14 12 TWO JAPANESE AIRLINES are studying the possibility of operating scheduled services to provide more passenger and cargo capacity between Singapore and Japan. This was disclosed yesterday by Mr Susumu Ueno, the Singapore representative of All Nippon Airways (ANA), which has been operating339 words
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Article66 1985-12-14 12 YUGOSLAV AIRLINES, which has been operating for about 11 years to Singapore, has been given a temporary permit to increase flight frequencies from two to three a week this month. It is understood that Yugoslav Airlines is keen to step up the number of weekly frequencies66 words
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67 1985-12-14 12 THE GERMAN-Singapore Institute (GSI) has received a special grant of $1 million for buying the latest training equipment for industrial automation. The grant was awarded by West Germany's Ministry of Economic Cooperation. Speaking at the second GSI graduation ceremony, director Klaus Kruger said that67 words
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139 1985-12-14 12 CIVIL SERVANTS will get their annual wage supplement of one month's basic pay this year quashing an earlier rumour that they would be denied this annual entitlement because of the recession. BT understands that the AWS had been credited to their bank accounts139 words
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135 1985-12-14 12 Beuter, AP INDONESIAN Foreign Minister Mochtar Kusumaatmadja said yesterday he hoped the US could restrain China from fulfilling what he called its "negative ambitions" towards South-east Asia. "We are worried about what a modern China could do, especially as we have had a badBeuter,; AP - 135 words
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554 1985-12-14 12 ANNA TEO - By ANNA TEO A SHORT CUT to mathematical calculations by a computer one that can have an important impact in the computer industry worldwide has been discovered by a lecturer in the French-Singapore Institute. As recognition of its importance, it will be featured554 words
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189 1985-12-14 12 Reuter INVESTIGATORS looking into the crash of a military charter that killed 250 soldiers and eight crew said yesterday they would consider a claim that the plane was sabotaged by the Islamic Jihad organisation. They also said about half the bodies had beenReuter - 189 words
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268 1985-12-14 12 A WINDING-UP petition has been taken out against People's Park Katong Development Pte Ltd for alleged failure to pay debts totalling $763,269. The amount is said to be owed to B A W Engineering Services for air-conditioning and ventilation works done on the People's268 words
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Article79 1985-12-14 12 Reuter ABOUT 50,000 Taiwanese im-port-export companies face closure next year when the government raises its minimum trading volume requirement to US$3OO,OOO a year. Ml* Vincent Siew, the director of the Board of Foreign Trade, said the government would revoke the smaller firms' licences to eliminateReuter - 79 words
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118 1985-12-14 12 Bernama A NEW WAVE of conflict is threatening to tear apart the opposition ticket of Corazon Aquino and Salvador Laurel in the Feb 7 presidential polls in the Philippines. Corazon Aquino's political backers in the La ban party had publicly expressed disgust overBernama - 118 words
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Article61 1985-12-14 12 AP BANGLADESH'S General Hussain Mohammad Ershad has promised to relax political restrictions soon and hold national elections to restore democracy after 43 months of martial law. "We are determined to initiate a democratic process soon with a view to restoring a democratic government," General Ershad,AP - 61 words
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LATE FILE
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Article46 1985-12-14 12 Reuter THE SPOT PRICE for Brent crude for January delivery recovered sharply to about US$27 yesterday from a low of $21.80 on Thursday, but this was still about $3 below its peak of more than $30 two weeks ago, oil traders said.Reuter - 46 words
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Article58 1985-12-14 12 AP THE UNITED STATES, backed by its allies, told the Soviet Union yesterday it would not be pushed into an unfavourable arms control agreement merely to give next year's superpower summit the appearance of success. US Secretary of State George Shultz said: "We will searchAP - 58 words
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Article47 1985-12-14 12 UPI INFLATION at the wholesale level in the US jumped 0.8 per cent during November, the second straight monthly increase, as food and energy costs rose. The rise brought inflation so far this year to 1.8 per cent at the wholesale level. UPIUPI - 47 words
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37 1985-12-14 12 Reuter JAPAN'S parliament has approved a bill to liberalise oil product imports. The bill for specific petroleum product imports of petrol, kerosene and gasoil will be effective within one month. ReuterReuter - 37 words
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Article52 1985-12-14 12 AP ADVERTISING billboards are being from Beijing's main thoroughfare to beautify the city, not for any political or eco»omic reasons, a municipal official said yesterday. He said that the billboards yould be removed at sewral points along Changan Avenue as part of a plan to improve itsAP - 52 words
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Article40 1985-12-14 12 UPI PRESIDENT REAGAN has signed a bill that provides US$234 million in federal support for research on Aids in 1906, more than double the amount now being spent in the battle against the killer disease. UPIUPI - 40 words
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Page 12 Advertisements
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Advertisement103 1985-12-14 12 Keep a date with Sevvy Ballesteros in "Play Golf the Sevvy Way w BT is not all hard core business and financial news. We take "Time-Off and "Sports" rather seriously too. Our writers comb the sporting arena to furnish two lively pages with the latest sports, leisure and arts news103 words
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Advertisement303 1985-12-14 12 Marcos'* •lection warning, Page 3 NATIONAL UNIVERSITY OF SINGAPORE SCHOOL OF POSTGRADUATE ADMISSION TO POSTGRADUATE COURSES, 1986-7 Applications are invited for admission to the following postgraduate courses in the 1966-7 academic year (commencing 7 July 1966): Part-time and Full-time M.B.A. Part-time Dip. Bus. Admin. ADMISSION REQUIREMENTS (1) M.B.A Candidates for303 words
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Page 12 Miscellaneous
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Miscellaneous61 1985-12-14 12 "jMSKMa Outlook for today: Cloudy with showers in a few areas in the later afternoon and early evening. Report for 24 hours prior to 7 30pm on Dec 13 at the oirport: Maximum temperature 30.8 Associated humidity 75 Minimum temperature 23.4 Associated humidity 97 Hours of sunshine 6.85 Rainfall in61 words
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