The Business Times, 4 May 1986

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, MAY 3, 1181 75 CENTS
    12 words
  • 293 1 Reuter THE Republican-led Senate passed America's first thousand billion dollar budget yesterday, which proposes higher taxes and slows the defence build-up in 1987 against President Reagan's wishes. The Senate voted 70 to 25 for a compromise budget that calls for US$l3 billion in higher taxes
    Reuter  -  293 words
  • 64 1 Reuter THE US civilian unemployment rate decreased to 7.1 per cent in April from 7.2 per cent in March, the Labour Department said yesterday. The number of persons on non-farm payrolls increased by 206,000 to 100.04 million in April after a revised gain of
    Reuter  -  64 words
  • 433 1  - All sewn up new textile agreement with US Provisions for exports growth and use of unfilled quotas By BOEY KIT YIN A NEW BILATERAL textile agreement which allows Singapore to make use of quotas unfilled in the previous year and provides for growth of preferential exports has been reached with
    433 words
  • 413 1  -  By ELAINE KOH AN AMERICAN aerospace company is showing its continued confidence in Singapore by investing |6 million in new capital a year, and projecting a record turnover of $340 million this year. Sundstrand Pacific, the regional subsidiary of Sundstrand Corp, was set up in Singapore
    413 words
  • 148 1 THE CONTRIBUTION to the Cowec welfare fund has been cut to seven per cent from 10 per cent following the recent reduction in the employer's Central Provident Fund payment rate. This means that from April 1, companies taking part in the Cowec (Company Welfarism Through Employers'
    148 words
  • Article, Illustration
    85 1 SHAKE PRICES ea the stock market elseed asiiealj mixed la very qeAet tradlag yesterday. With the exeeptiH sf a Mil fal ef tr—tee stocks which have heea apprsved by the Ceatral Prevtdeat Pud fer Investment parpeees little eathaslasm was shewn tor the rest sf the market. At the
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  • 158 1 SHELL EASTERN Petroleum slashes prices today for a range of petroleum products for exports ahd large industrial users in Singapore. Jet fuel and regular kerosene were cut by 10 US cents each to 41.5 cents and 40.5 cents per US gallon FOB Bukom. Liquefied
    158 words
  • 121 1 CENTRAL Provident Fund members holding at least 1,000 Singapore Bus Service shares under the new approved investment scheme may apply for shareholder bus concession passes by submitting an application form to SBS through their appointed banks. Those who deposit their custodian receipts with the SBS for
    121 words
  • 55 1 UPI THE UNITED STATES will not hesitate to mount new attacks on Libya if Colonel Muammar Gaddafi continues to support terrorism, President Reagan warned in an interview yesterday. "Terrorism is a worldwide problem," Mr Reagan said. "If we are to defeat it, sacrifices by all
    UPI  -  55 words
  • 122 1 Reuter LEGAL and financial experts in the unabashedly capitalist centre of Hongkong have discovered they do not know what capitalism is. A panel discussing a mini constitution for Hongkong after it reverts to communist Chinese rule in 1997 adjourned its meeting on Thursday after concluding
    Reuter  -  122 words
  • 447 1  -  By LISA LEE PROPERTY DEVELOPERS will be exempted from property tax on development sites (or a maximum period of five years from the date work starts on the site. Once the five-year period is up, the tax exemption will no longer be valid and
    447 words
  • 95 1 AP NORWEGIAN Prime Minister Kaare Willoch formally resigned yesterday alto- 4Vt years the longest rule ever by a Conservative premier in the country. Mr Willoch, deadlocked in a battle over government austerity proposals, had demanded a vote of confidence in the 157-seat Parliament on Wednesday and lost
    AP  -  95 words
  • Page 1 Advertisements
    • 110 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM The World's lGolf Club, Let's Compare Reason 1: TOPS IN DISTANCE Tastsexecmed by an American designed swing robot (the moal golf testing equipment to date) prove that Yamaha s Carbon Composite golf clubs drive a ball 11 metres further or a good 5% more
      110 words
    • 241 1 mm SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS CROSSWORDS TV ft RADIO OUR VIEW TO CRY IS TO BE HUMAN, but a recent national crying contest in Indonesia more than paid homage to this fact: it unearthed an entire range of emotions tears can express. Contestants wept, cried and ranted
      241 words
    • 0 1 );*\(&/@-%*";'-~>=(}?+<%{'+(:>,
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    • 137 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM A WHOLE WORLD OF OPPORTUNITIES At Banque Indosuez, we've been serving Singapore as far back as 1905. Our office is part of a vast Asian and Australasian network spread over 18 countries including among others, New Zealand, Australia, Papua New Guinea, Japan, Korea, China,
      137 words

  • HOME NEWS
    • 434 2  -  By SHAHRIR ARIFF ttAROIL Engineers Shipfaitklri i appears to be yet anE victim of the worldwide k>n in the shipping and t industry. J company, which once C ployed 500 workers when i industry was booming, is llm under receivership. Its fiKier, Standard Chartered has
      434 words
    • 324 2 V v HpuSING and Development JLftfcund Oats with pre-cast buildcoapoaents will be on the Swill within the next two t flats, where pre-cast Sglecee make up about 15 per of the concrete volume, far» faster and cheaper to bsltiL And as the concrete is i&cari
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    • 294 2 THE LARGEST overseas trade fair to be staged by the Chinese province of Guangxi will be held in Singapore soon. The 10-day export fair, to be held at the Mandarin Hotel from Aug 20, will feature the province's industries and cultural and tourist attractions.
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    • 365 2 TRADE OPPORTUNITIES are hiring some local computes to South-west Australia, which is starting to market its produce more aggressively in Singapore. Two companies SinoAmerica Travel and Cultural A Entertainment Holidays are sending their people Down South this month to look at the region's wineries. Peter
      365 words
    • 228 2 THE LABOUR movement is stepping up efforts to help more women rejoin the workforce and take part in union activities. More child-care centres at affordable rates will be set up by the NTUC Women's Programme Committee as many women are prevented from re-joining the
      228 words
    • 282 2 STEVEN BEBG&AMP has been appointed the deputy manager of Manufacturers Hanover Trust Company's Singapore branch. Mr Bergkamp also holds the post of vice-president. A graduate of the University of Kansas and the American Graduate School of International Management, Mr Bergkamp has been with MHT for seven years.
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    • 726 2 AT CONVENTIONAL WHARVES Vttsd »i, DfrTn Agent Arrival Departure KEPPEL WHARVES Konkor Nereus K29 Borneo alongside 03.5.86/1200 Koto Sejoti K31 P«. alongside 03.5.86/0600 Nad Napier K12 Ned-EAC alongside 03.5.86/0600 Pamefcj 2 K17 Borneo alongside 03.5.86/1500 Trons Hov K9 Borber alongside 03.5.86/0600 Yu Dd K36 Arirang alongside 03.5.86/1100
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  • Page 2 Advertisements
    • 164 2 f Kangxi Lounge Melody Strings Ensemble AT *$3 A DRINK AND MANY HAPPY HOURS... NO WONDER IT'S MOST TALKED ABOUT. Besides the best prices available for drinks from 4.00 pm to 8.00 pm daily, our new variety in live entertainment is bound to charm and win you over. Like Melita
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    • 9 2 WORLDWIDE COURIER Changing the way the world does business.
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  • OVERSEAS
    • 358 3 FT THE FRENCH government Is aiming to raise up to 40 billion francs next year through sales of its stakes in nationalised companies and banks. This is significantly more than the annual privatisation rate of 20 billion to 25 billion francs indicated
      FT  -  358 words
    • 114 3 UPI CONSTRUCTION SPENDING slipped 1.2 per cent in March in the US following a revised 1.1 per cent gain in February, according to the Commerce Department. The value of new construction put in place during the month, adjusted for seasonal variations and continued annually, was an
      UPI  -  114 words
    • 811 3 ARRIVALS Operator Service Local From number time CAL CI 333 0315 TPE MK MK746 0755 MRU MAS MH681 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/DXB MAS MH81I 0910 PEN MAS MH671 0920 KUL AC AC858 0950 YYZ/LHR/BOM SJA SQI03 0950 KUL CPA CX710 1015
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    • 324 3 AFP, UPI THE SOVIET UNION has admitted that the accident at the Chernobyl nuclear plant is not yet under control and poses "certain threats", both inside and outside the country. In an almost unprecedented statement to the US House of Representatives' Energy Subcommittee, Soviet
      AFP,; UPI  -  324 words
    • 446 3 Opposition expected from administration AP THE BILL for retaliation against foreign barriers to US exports, which was approved on Thursday by the Committee on Ways and Means, sets the stage for a tight in the House of Representatives between the administration and
      AP  -  446 words
    • 306 3 Reuter ARAB foreign ministers have failed to agree on the agenda for a summit that would have discussed the first joint response to last month's US raid on Libya. A brief communique at the end of a two-day meeting
      Reuter  -  306 words
    • 204 3 UPI AN ART EXHIBIT for the blind unveiled this week lets them caress President Ronald Reagan's face, grab Muhammad Ali's fist and touch the lips that sang "You're So Vain". The exhibit which opened on Monday in New York features more than a
      UPI  -  204 words
    • 107 3 Reuter A POLICEMAN was knocked unconscious and three officers taken to hospital at a demonstration by former i employees of publisher Rui pert Murdoch yesterday. London police spokesr woman said about 30 people were arrested among a crowd of more than 5,000 protesting against
      Reuter  -  107 words
    • 448 3 NYT "I SEE a little better grooming," said Senator Howell Heflin, aiming a deadpan stare at the tousled grey hair of a Republican colleague, Senator John Warner. "Some might even be trying a little powder." "I remain unchanged, defiantly unchanged," Warner shot back. "Let the
      NYT  -  448 words
    • 359 3 UPI LEADERS of the opposition Democratic Party urged President Reagan on Thursday to use the economic summit in Tokyo to reverse faltering US competitiveness in world trade. More than 60 party members, including Congressmen, governors and former US Trade Representative Robert
      UPI  -  359 words
    • 403 4 UPI THE SENATE Foreign Relations committee has voted overwhelmingly against blocking President Reagan's planned US$55O million arms sale to China. After rejecting the proposal to disapprove the sale, the committee voted unanimously on Thursday to send it to the Senate floor
      UPI  -  403 words
    • 81 4 AFP THE US Defence Department notified Congress on Thursday it has approved the sale of 50 UH-1 helicopters and associated equipment to South Korea for US$l55 million. A Pentagon statement said the deal, which also includes 60 turbine engines, special tools and spare parts, "will
      AFP  -  81 words
    • 244 4 AP THE TRANSFER of high technology from the US to China would not threaten US security. China's Electronics Industry Minister Li Tieying, who told this to a group of Silicon Valley business leaders on Wednesday, also asked for their support in efforts to end
      AP  -  244 words
    • 268 4 AFP PRESIDENT Corazon Aquino has given a stern ultimatum to supporters of deposed predecessor Ferdinand Marcos, whose disruption of a May Day rally on Thursday sparked violent street riots that left dozens injured Manila was calm yesterday as riot troops guarded a major street outside
      AFP  -  268 words
    • 79 4 Reuter ARMED ROBBERS attacked an airliner taxi-ing for take-off at Lagos airport on Tuesday, the third such incident in a week. A Nigeria Airways Boeing 737 was about to leave on a domestic flight when robbers on motorcycles raced up, forced open the cargo door and
      Reuter  -  79 words
    • 130 4 AFP LEE KL-SU, a 74-year-old South Korean businessman of Tokyo, topped the list of taxpayers in Japan with a 1965 tax Mil of 1.27 billion yen (US$7.5 million), the Japanese Taxation Agency says. Mr Lee was followed by the late British businessman Herbert
      AFP  -  130 words
    • 173 4 AFP THE CAMBODIAN regime is backed by a code-numbered committee of Vietnamese advisers and specialists, without which it could not survive a single day. The official New China News Agency (NCNA), in a commentary criticising Vietnam's rejection of an eight-point peace proposal
      AFP  -  173 words
    • 104 4 NYT URGING that the US "move beyond the pain of a war which cost more than one million lives," about 150 prominent American religious and political leaders, academicians and former anti-war activists have called on President Ronald Reagan to pursue normal diplomatic relations
      NYT  -  104 words
  • Page 3 Advertisements
    • 46 3 [j /I I J Every Tuesday, Thursday, Saturday I \l I Y and Sunday. Leaving Changi Airport I JL V -LI -ft UL at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent. Effective 27/4/86. AIR CANADA
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    • 324 3 The Economist Quiz How do you rate on current affairs and world business? Give yourself a quick test with these questions on subjects covered by The Economist during the past few months. Check your score with the answers printed upside down at the bottom of the page. YES or NO
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  • RAW MATERIALS
    • 295 4 RAS prices in S cents/kg, FOB in b ales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 166 00 167 OON 166 00 167 OON lot 1 RSS June 86 ***** 163.50 ***** 163.50 Int 1 RSS July 86 ***** 164 00 ***** 164 00
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    • 105 4 (cwts/kg, 1-ton pallets) JULY 86 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 154 00 156 00N 154 50 156 50N SSR 50 151 00 153.00N 151 50 153 50N MRELB Buyers Sellers Buyers Sellers SMR CV 208 50 *****N 209 50
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    • 199 4 MALAYSIAN crude palm oil prices yesterday closed higher on covering interest, supported by the rise in palm oil futures, but trading was quiet ahead of the weekend, dealers said. They said the market discounted a sharply lower Chicago soyoil futures on Thursday night, as sentiment was aided by
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    • 100 4 THE PRICE sn the Knit Lemper Tin Market, KLTM, yesterday eleeed fear cents easier at MH4J6 per kile (rem but Wedaeeday's eleee. Trading was qaiet alter Thursday's closare, with eperatera staying en the ahead «f the weekead. He fall reflected an easier Earepean tree market aad farther dlspssals
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    • 66 4 Bangkok (USS/tonnc, FOB) White Rice 100% 1st class 240 100% 2nd class 215 100% 3rd class 210 5% 200 10% 195 15% 190 20% 180 25% 170 35% 165 Broken Rice A-l Super 115 A-l Special 112 C-l Special unq C-l Ord unq Loonzain Rice 100% 1st grade unq
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    • 280 4 SINGAPORE THE MARKET yesterday closed quietly lower with June One RSS buyers quoted at 162J0 cents per kilo, down 1.50 cents from last Wednesday's close. The morning market weakened 1.50 cents following lower Japanese advices In quiet trading. Prices were little changed from lunch time levels in quiet afternoon
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    • 146 4 Chineee Produce Exchange Sellers' noon dosing prices on Moy 2 (SS/100 kgT Coconut oil Bu* FOB 50.00 CHd drum FOB 63.00 New drum FOB 67.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW BWP FOB NSW Gambier FOB NSW 630 00 1422 00 1322 00 330 00 Copro
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    • 257 4 Reuter WHEAT FUTURES on Thursday closed 16 to 11 US cents a bushel lower in active dealings on the Chicago Board of Trade. July ended near the bottom of a 20 cent range after recovering from an early limit-down move. Reports from the Soviet Union indicating that the nuclear
      Reuter  -  257 words
    • 250 4 Reuter SOYBEAN FUTURES on Thursday closed 143/4 to 20 US cents a bushel lower in active dealings on the Chicago Board of Trade. July ended near the bottom of a 17 cent range. Traders said the market may have overreacted to the agricultural impact of the Soviet nuclear accident,
      Reuter  -  250 words
    • 739 4 COFFEE ROBUSTA COFFEE futures on Thursday firmed in afternoon trading to close near to the day's highs with net gains from Wednesday night of around £20 a tonne. July closed at £2,265/2,269 a tonne against Wednesday night's closing £2,247/2,248 after rising from an early low of £2,221 up
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  • Page 4 Miscellaneous
    • 41 4 Doonesbury i poNT.ne Recipe um BAS6PONMAR KETPESCARCH. mk I i V fT SURE PAIO OFF. PBOPLB cants&m to eeremjGH OF "CAmiN awes'! IN A FICKLE MARKET, THIS tS ONE CHOCOLATB CHIP CDOKJZ iOTTH IE6Sf MR SW5 I If BY GARRY TRUDEAU
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  • BANKING AND FINANCE
    • 1218 5 Reuter SINGAPORE THE US dollar yesterday closed mixed against most major currencies in thin and nervous trading ahead of next week's economic summit in Tokyo. Dealers said the dollar opened slightly firmer and then rose further on shortcovering interest before weakening in late afternoon trading on profit-taking. The
      Reuter  -  1,218 words
    • 50 5 RESULTS OF TENDER held on May 2 for 91-day Treasury bills to be issued from May 5 to 9: Offered: $70,000,000 Applied for: $205,710,000 Allotted: $70,000,000 Accepted bids: $99.36 approximately 34 per cent, higher bids in full. Average rate of discount on allotment: 2.550 per cent per annum.
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    • 280 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet pre-weekend trading, dealers said. Weekend closed at 73/16 7-1/16 per cent, Monday/Tuesday and week fixed at 7-1/8 seven per cent each. Dealers said most operators were sidelined ahead of the Tokyo economic summit and the record
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    • 237 5 Interbank rates at 3pm yesterday: CurranctM i n ft 1 rttM Md Otter CfOii perify change Local dollars to on« unit of foreign currency: US doMar ***** ***** 2 8196 -21 97 Sterling pound ***** 3 3378 7 3469 -54 62 Australian dollar 1 6126 1 6155 *****
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    • 424 5 BA Futures EURODOLLAR futures yesterday opened slightly lower than IMM's close at 93.16 following slight losses in the US cash treasuries after the close of futures market. Late rally in oil prices and concern over the record $27 billion US Treasury refunding next week discouraged buyers. Dealers also preferred
      BA Futures  -  424 words
    • 302 5 HONGKONG: GOLD yesterday closed steady in fairly quiet trading in the absence of fresh factors. Dealers noted light bargain hunting but said traders were reluctant to enter the market as the outlook for the US dollar remained unclear ahead of sthe Tokyo Summit. The metal ended at U*****.40/80 an
      302 words
    • Article, Illustration
      132 5 THE OVERNIGHT rate on the Singapore interbank money market fell by 1/4 point from Wednesday to close at 5-1/4 per cent yesterday. The term rates remained unchanged. The mode remians at 5-1/4. Mcates (he average of the prime lentfing rate» of 12 major banks operating in Singapore Discount
      132 words
    • 496 5 Reuter THE START of trading in Hang Seng index futures on Tuesday is expected to revive the semidormant Hongkong Futures Exchange, HKFE, exchange members said. They said a booming stock market and the wide recognition of the index, Hongkong's best known stock indicator,
      Reuter  -  496 words
    • 85 5 AFP THE US basic M-1 money supply rose by US$4.2 billion during the week ending on April 21 to a total of $645.6 billion, the Federal Reserve System announced in Washington on Thursday. The increase was greater than the rise of US$3 to $3.5 billion
      AFP  -  85 words
    • 58 5 Reuter MAJOR CANADIAN banks yesterday cut their prime, with Royal Bank of Canada posting the largest reduction of 3/4 per cent to 10-1/2 per cent from 11-1/4 per cent while Canadian Imperial Bank of Commerce, Bank of Montreal and Toronto Dominion dropped one-half per cent
      Reuter  -  58 words
    • 277 5 Reuter MAS AO FUJIOKA, re-elected president of the Asian Development Bank, ADB, said he would continue his policy of encouraging privatisation of industries and the market oriented approach during the next five years. "Many governors emphasised the importance of promoting the private
      Reuter  -  277 words
    • 74 5 Reuter NOMURA SECURITIES Co Ltd has applied to the Bank of England for permission to establish a hanking unit, Nomura International Finance Ltd, in Britain. Nomura said it would be the first Japanese securities house to start a banking unit in Britain if permission is granted.
      Reuter  -  74 words
    • 44 5 AP THE BANK of Yokohama in Japan has been granted a licence to operate in Hongkong, the government said yesterday. This increased to 21 the number of Japanese banks in the British territory. There are 151 banks in Hongkong. AP
      AP  -  44 words
  • Page 5 Advertisements
    • 107 5 NATIONS GOLF CHAMPIONSHIP THE DUNHILL CUP 1986 PACIFIC FINAL Singapore Island Country Club 2-4 May 1986 The Singapore Island Country Club plays host to the Dunhill Cup Pacific Qualifying Final from the 2nd to the 4th May. Eight teams, including Singapore, will be competing for prize money of US$lOO,OOO and
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  • TIME-OFF
    • 531 6 WHAT IS THAT most human of all things? To cry. Among all that distinguishes man from beast is the ability to show sorrow, pain, sympathy or love this way, though, admittedly, the ability may often go with the sort of sincerity that shapes crocodile's tears. But
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    • 524 6  -  By BYRON JOYNER IN ONE of the scenes from The Flamingo Kid, Jeffery Willis, the kid himself, mouths "Jeez, get me outta here!" in a fit of utter hopeHe couldn't have voiced my sentiments better. That's what anyone in his right mind would say
      524 words
    • 422 6 WHEN THE COSTUMES of a theatre production can make it to the fashion pages, what can one do but expect Rashomon to be nothing less than spectacular. It will, hopefully, not turn out to be a fashion show in disguise to play up
      422 words
    • 153 6 MURDER lurks in My Giddy Aunt, the comedy thriller beginning at the Hilton Hotel's Grand Ballroom from May 4-12. Ray Cooney and John Chapman's play is set in India in 1965 in the home of the "more than eccentric" Lady Hester Eppingham, nestled at the foot of
      153 words
    • 1041 6 What's on from May 3-9 EXHIBITIONS: Sandy Tmm. Alliance Francaise, 4 Draycott Park. 9am--7Jopm. Last day today. Our Silver Heritage. National Museum. torn-4.30pm. On display are both Malay and Straits Chinese silver objects which reflect the long history of Malay and Chinese art of silver work. Admission fees at
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    • 80 6 THE SCHOOL if Parte painting exhibition restores »«me 41 works of art by living French master painters s( The Seheal sf Paris. The exMMtiea, the third to he heM in Singapore, is organised by the Preneh gallery Art Centemperarain. The ten painters whose oil paintings are
      80 words
    • 276 6 IN THE ARMED FORCES, there is a clear demarcation between officers and their men the leaders and the followers respectively. Not surprisingly, little IPPT (or Individual Physical Proficiency Test) score tables issued to commanders and soldiers which also contained check lists on how to improve individual
      276 words
  • Page 6 Miscellaneous
    • 773 6 CRYPTIC PUZZLE ACROSS 8 Stop the music! (7) 9 Understand how to get up speed (6, 3) 13 Copying the brooch in silver (5) 14 Apart from o twit that turned back (5) 15 Book from the store (7) 16 Come back with a different person the day after (7)
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  • SPORTS
    • 607 7  -  By BRIAN MILLER VISITING RIDER Chris Barrett could get off to a dream start by winning with lUefcet IV the first of his four rides at Penang this afternoon. Down to run in Race 3 a "restricted" event over the sprint trip
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    • 349 7 Reuter LESTER PIGGOTT missed the chance of landing a 30th classic winner when Midway Lady, in the hands of profoundly grateful substitute Jockey Ray Cochrane, won the 1,000 Guineas on Thursday with a tremendous late flourish. The lead up to the first two classics
      Reuter  -  349 words
    • 573 7  -  By RONALD KOW TONIGHT is Cup Final night. No, the F A Cup final scheduled for next weekend has not been brought forward. It's the Malaysia Cup final tonight, remember? With Singapore knocked out in the semi-finals, interest in the tournament goes
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    • 585 7  -  NATIONS GOLF CHAMPIONSHIP By WALTON MORAIS SINGAPORE'S hopes of an appearance at St Andrew's golf course in Scotland were buried at the Bukit course yesterday when it lost 2-1 to Indonesia in the first round of the US$lOO,OOO Dunhill Cup Pacific zone qualifying
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    • 528 7 THE FIRST POST position drawn for today's Kentucky Derby was No 4 and the first name was Bold Arrangement. Trainer Clive Brittain was happy. "It's always been a lucky number for both my wife and me," he said. "A lot of our big winners
      528 words
    • 572 7 Reuter WORLD NUMBER ONE Ivan Lendl has pulled out of the World Team Cup, starting in Duesseldorf on May 19, apparently after a row with the Czechoslovak Tennis Federation. Horst Klosterkemper, the organiser of the lucrative eight-nation tournament, said on Thursday that Lendl
      Reuter  -  572 words
  • Page 7 Miscellaneous
    • 1271 7 to (md SATURDAY NIQHT MOVIE The Awakening 11.20pm, Channel 5 Archaeologist Matt Corbeck (Chariton Heston) discovers an Egyptian Queen's tomb. At the very moment of discovery, his wife gives birth prematurely to a girl. It turns out, of course, that the tomb is cursed and before you know it, the
      1,271 words
    • 21 7 nn StCW: Fmnk I&ckezs i»i» NOSe TO TH£ GRINOSTONC frLL THRT STUFf.. NOSt TO THE COrniHG yoO? I NG£_D R DRINK
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  • INTERNATIONAL STOCKS
    • 384 8 Reuter BRITISH PETROLEUM Co Ltd could face a loss in income of up to £500 million in the first quarter of 1966 due to the slump in oil prices, BP chairman Sir Peter Walters has said. "The fall in oil prices will
      Reuter  -  384 words
    • 148 8 Reuter THE WORLD oil glut is putting the glitter back in the diamond business, according to De Beers, the world's dominant trader in the precious stone. De Beers chairman Julian Ogilvie Thompson said at the company's annual meeting on Thursday that higher sales of diamond
      Reuter  -  148 words
    • 306 8 Reuter WALL STREET stocks closed lower on Thursday, running out of steam after repeated attempts to snap the losing streak begun on Tuesday. Investors were unwilling to lend support, worried that a deeper correction could take place. Analysts said the market lacked a
      Reuter  -  306 words
    • 114 8 MAY 01 c$ 24* Imp Oi Inco Int Prov Pip# 41* 18* 43* Ate on 41* Kj InH 22*B Algomo 17* 33*4 26* 14* 3* M Canada 40 unch 32* 25*. 27* -H 24* 36* Can Imp 8k 19* 17* Noranda In Northgat* Exp 18* 4* unch Carina O'Keefe
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    • 190 8 MAY 01 Trust Bli 135 5 Un Stee( 65 5 INOUSTIIALS Wodtaj I325S A AJpho noos unch MININGS 200 4125 25 1100 20 490 *****8 +100 Amoprop ***** 1615 15 1540 15 Buff eh 6550 -50 2800 unch Charter ***** CNA 190 1010 uncH Cum* Finance 4855 11Q00S unch
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    • 532 8 MAY 01 U» Frestone Tre 24 Navistar 17* NCR Corp 50* in Ahan 30* -M FMC Cp 98* 41* -1* 40 77* 1* Nortofc 86* A»eg tr>« 21* Freeport Mmrl 17* Afced Sag 51** Freuhouf Cp 39* AIM Stores 39* Ohio Edson 18* Afe-Chatmers 4* GAF Cp 71*
      532 words
    • 140 8 Amsterdam MAY 01 Fh ABN *****x^6 Aagon 109 40 -f 3 AhoW 74 30 -0 7 Akzo 162 20 -15 Alrtofo 153 20 0 2 AMf V 78 20 -2.9 Amro Bonk 99 60 -0 8 Am Stod 127 00 -2 Bofvjm* Buehrmon Tetter <**».. 160 20 -1
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    • 308 8 FT VOLVO, the Swedish car, energy and food group, confirmed its position last year as one of the world's most profitable car producers. Its annual report, Just released, shows that some 82 per cent of group operating profits was derived last year from the
      FT  -  308 words
    • 211 8 Reuter THE BRITISH government yesterday withdrew a much-criticised proposal to put a 5 per cent conversion tax on share units known as American Depository Receipts (ADR) and said it planned a 1.5 per cent tax instead. ADRs are shares in British companies which
      Reuter  -  211 words
  • Page 8 Advertisements
    • 579 8 to wine, itm vntetMa r Top band larwan TTmrSangng asroruvrjus ftnaned a 6-moncH mjngsrtn Japar Thrvnooous group corrtarm trw» nuscji tatcm <««i a4Xrt) tfTOwmansrn) to ys* top class Ifw* cftarmng rendbon of Engktfi. Mandam. Japanese. Cantor** and From la January NO6 wend of June Opf atl»>9 hOMWi 600pm to 100
      579 words
    • 225 8 Tho Brussels, Frankfurt, Milan and Paris markata wara doaad for May Day. Zurich and Stockholm pricoa wara unavailable. London atocka, Pago 11 r 'M A I AND THE PERFECT COMBINATION GOOD MUSIC AND GOOD WINE GOOD FRIENDS AND LAUGHTER YOU AND YOURS AT THE LOUNGE ROSEMARIE DAISY. MANUEUCA AND EMMANUEL.
      225 words

  • ASIAN STOCKS
    • 334 9 HONGKONG: Share prices yesterday closed easier under a late round of profit-taking after recent gains. The Hang Seng Index ended 5.51 points lower at 1,843.14 after rising nearly eight points in the morning. The index on Thursday equalled its record high of 1,848.65 set earlier in the week. Brokers
      334 words
    • 201 9 MAY 02 MT$ 2.65 -0.12 Koin Kuochan D*v Lm Chang Yuan 25.50 19.50 -0.2 -0.6 24.00 22 00 -I.I 29.80 -0.6 12.35 ■0 15 44.20 ■0.3 Nan Ya Ptos 35.30 -0.6 23.90 -0.7 I960 -05 Chko Hun C«mnf 23 20 10 75 -03 -0 1 Pociftc Elact Wire 1395
      201 words
    • 377 9 TOKYO; Active buying of domes-tic-investment related issues yesterday helped boost the market average 85.79 to a record close of 15,868.44, surpassing the previous record 15,859.75 set on March 31. Turnover was a moderately active 580 million shares against 570 million on Thursday, when the average fell 42.85. Expectations that
      377 words
    • 71 9 MAY 02 fmm Maretaai 0 009 inch Acoj* Mining Phi Ovanao* 0015 unch Anglo Ph4 0011 +0 001 0.19 unch PLOT 77 -3 Boguto Gold San Migual B 41 -0 5 Bovc P«tTo*rum 0 003 unch 0.0075 unch Banguat Con. B 110 unch Sim* Dorby 980 +07 Fint Phi
      71 words
    • 388 9 BYDNEY: Sharemarkets yesterday closed at record levels, buoyed by strong demand for industrial stocks, particularly News Corp. By the close of trading the All Ordinaries Index had gained 11.7 points to a record close of 1224.6, passing its April 18 record of 1218.8. The All Industrials Index passed Thursday's
      388 words
    • 69 9 MAY 2 Bonk Seoul Won 735 +5 Hyundai Corn! Hyundai Motor ICAL 960 2085 1090 730 45 10 30 +9 Chohaung 8k 675 738 unch +9 2290 12 KocoSho 445 5 0o«woo Corp.. 921 1275 16 +5 Lucky Ltd 1151 10 Dong Ah 517 30 1379 17 +6 Somwhon
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    • 152 9 BANGKOK: Share prices yesterday closed slightly lower this week in quiet trading. The Securities Exchange of Thailand Index dropped 0.37 point to 129.31 after the four-session week. May 1 was a market holiday. Turnover was 585,577 shares. MAY 02 Un Ao Khom Thai Alio Ffera Ayudhya bvMtmant Bangkok Agro-M
      152 words
    • 48 9 Reuter CATERPILLAR TRACTOR CO and Mitsubishi Heavy Industries Ltd have agreed to merge their hydraulic excavator businesses. Caterpillar said earlier this week that as part of the agreement, excavator design responsibilities will be assigned to their existing Joint venture company Caterpillar Mitsubishi Ltd. Reuter
      Reuter  -  48 words
    • 413 9 Reuter BEIJING JEEP Corp (BJC), a Joint venture between American Motors Corp (AMC) and Beijing Automotive Works, said yesterday that it plans to halt production of its Cherokee Jeeps for at least two months, starting in the middle of June, because of
      Reuter  -  413 words
    • 130 9 AFP CHINA lost 10 million yuan (US$3.O7 million) on a Joint project with the Marcoses to build a luxurious hotel as the promised Marcos funding failed to materialise, press reports in Hongkong said. Imelda, the wife of ousted Philippine president Ferdinand Marcos, signed
      AFP  -  130 words
    • 267 9 AFP SAN MIGUEL CORP, the Philippines's largest manufacturing concern, registered a six per cent growth in sales and a net income of U5521.85 million in 1985. The beer-based conglomerate's 1985 sales figure was 10.99 billion pesos (U*****.19 million), compared with 10.36 billion
      AFP  -  267 words
  • Page 9 Advertisements
    • 186 9 m id wlae, iia« aai «aMia For a Fferanakan Buffet Lunch so good,even Nonyas feel at home. For over a decade we've been known for Peranakan Buffet lunches with a home-cooked flavour. You too can enjoy the pleasure daily, for only SSl4.oo++ per person. The Luna Coffee House, Apollo Singapore.
      186 words
    • 119 9 übertufi rill Hooray for Sunday! Sunday Brunch at the Hubertus Grill. Make it an occasion for the whole family. Sausages, bacon, oysters, smoked salmon, tasty entrees. right through to pastries, puddings, fruit salad and cheeseboard. Sunday Brunch: 11 am 2 30 pm. $24 for adults. $12 for children. Prices are
      119 words
    • 211 9 Paramount HotelWhere the happy people go COCKTAIL LOUNGE Experience a new and refreshing concept in cocktail lounge entertainment. Experience The Gazebo. The frontispiece of Paramount Hotel, away from all the hustle and bustle. A free flowing garden terrace in subtle shades of grey and beige. And a truly marvellous spot
      211 words
    • 163 9 MAGICALLY HYATT I*l=l 1 1 1!?! When guests order any beverage, standard or premium, at selected outlets*, they will get a second drink, all for the price of one! It's a magic formula applicable dailv at Scott's The Lounge Chinoiserie (Members and hotel guests only) 5.00 PM 7.30 PM 6.30
      163 words
    • 99 9 after five... yi? i* 2 Live Baits 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 (except premium brands) |fIH BHH Wall known band CAIRN HILL
      99 words

  • SHARE INFORMATION
    • 3983 10 WITH HARDLY any fresh leads to work on, investors on the Singapore stock market took to the sidelines yesterday. Reflecting a rather quiet day, the Straits Times Industrial Index put on 3.18 points to close at 573.38 and the more broadly-based BT Composite
      3,983 words
    • 245 10 SINGAPORE Rises If* dic«« FAN Seere Bw MTCTIi M Trwt SMI FfVHM 560 +15 8T CimM»iU A#nl 30 May 2 476.12 478.01 284 354 100 272 10 •*■8 ♦8 7 8T lufcHw 8TO8/OS btcao) *****29 *****07 -216 -231 -7519 -7511 8T08V -*****5 -*****9 430 4-6 ST liidmtmh
      245 words
    • 2114 10 BID and offer prices officially listed and business in and reported to the Stock Exchange ot Singapore yesterday with the number of «hare» traded abown in bracket! in lots of 1,000 units ■mi— otherwise specified. All Time Settlement Contract» are quoted after the word "SETT*..
      2,114 words
    • 111 10 HONGKONG Hong Kong Index Friday 1146.31 Thursday 1149.64 Week ogo 1139.86 Australian Industrials Friday 2019.9* Thursday 2000.0 Week ogo Closed NEW YORK Hong Seng Index Friday 1843.14 Thursday 1848.65* Week ago 1834.62 Dow Jones Thursday 1777.78 Wednesday 1783.98 Week ogo 1831.72 TOKYO Nikkei Averoge Friday ***** 44* Thursday
      111 words
    • 65 10 SOUTH EAST ASIA DEVELOPMENT corporation Berfcad: 23rd AGM at 9th Floor, Bangunan Hong Leong, 117 Jalan Bandar, ***** Kuala Lumpur, today at 11.30am. FAB EAST LEVINGSTON nypWWT United: 20th AGM at No.31 Shipyard Road, Jurong Town, Singpaore 2262 on Monday, May 5, at 2.30pm. HONGKONG LAND C* Ltd:
      65 words
    • 252 10 Monogers' pie» MARA-Bumiputr. for May 3 5 tin 3 75 Singapore Unit Trust Third B'fH/tro 3.13 3 18 The Commerce 0 77 0 82 Fourth B'putra 3 32 3 37 The Sovngs Fund 0 60 0 65 Fifth B putro 192 197 S'porc Prog Fund 0 30 0
      252 words

  • COMPANY NEWS
    • 220 11  -  By HOCK LOCK SIEW THE LAST TIME (Feb 15) I reviewed the technical position at Singapore Press Holdings then trading at $6.20 I said the stock was trying to stage another rally. "The counter had been bobbing back and forth within the PQ-.RS symmetrical triangle,
      220 words
    • 294 11 THE LONG-TIME executive chairman of Bousteadco Singapore Ltd, Mr Alan Charton, has resigned from the board of directors of the company and its subsidiaries and associates with effect from May 1. In a statement, Bousteadco said Mr Charton has expressed the wish to retire early
      294 words
    • 829 11 SHARE PRICES ended on a firm note after the early mark-up. At 1430 GMT, the FTSE 100 index was 11.6 up at 1,651.7. Dealers said market sentiment was bullish ahead of the approaching Tokyo economic summit meeting, with expectations of further world interest rate cuts in the near
      829 words
    • 565 11  -  By RAMESH CHANDIRAMANI MINORITY SHAREHOLDERS of Harimau Investments Ltd, which recently took a $10 million loss on soured forward share dealings in Pan-Electric Industries, have suggested the appointment of independent outside directors to the board to protect their interests. The suggestion was made
      565 words
    • 458 11  -  By CHAN OI CHEE AN UNFORESEEN SHARP deterioration in trading conditions during the second half of 1985 has caused Dah Yung Investment to report a drastic shortfall in profits against its forecast figure of $3.85 million. Dah Yung made taxable profits of only $1.95
      458 words
    • LATEST RESULTS
      • 159 11 Group profits before tax and exceptional item amounted to M 523.44 million in the year ended Jan 31, 1986, on turnover of $310.22 million. There are no comparative group figures for the previous year as the company did not have a subsidiary. After goodwill of $6.64 million
        159 words
      • 146 11 Group pre-tax profits (ell to M 5276,000 in the year to Jan 31,1986, from $429,000 the year before. Group turnover rose from $3.26 million to $6.06 million. After-tax profits dropped to $54,000 from $239,000, giving earnings per share of one cent against five cents previously. No final
        146 words
    • 165 11 INTRACO LTD has been asked by the SES to explain the group taxation of $3.29 million in view of the group pre-tax profit of 12.79 million for 1965. The SES also wants details on the provision for diminution in value of investments amounting to (3.96 million at company
      165 words
    • 97 11 THE 20 PER CENT LIMIT on foreign ownership of shares in Singapore Airlines was readied yesterday. In a one sentence announcement, SIA said it had been informed by its registrars, Peat Marwick Mitchell ft Co that from declarations received by the company, 123,934,360 SIA shares
      97 words
    • 525 11 THE KUALA LUMPUR stock market put up a lethargic and quiet performance yesterday, with share prices finishing on a slightly easier note as investors kept to the sidelines. There was no incentive for investors to trade and they chose to stay away for
      525 words
    • 1898 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 IJOOO units unless otherwise specified. MDUSTRMLS Ajinomoto (3 1 OS) AMD (0 30S) Alcorn (0
      1,898 words
  • Page 11 Advertisements
    • 124 11 NOTICE IS HEREBY GIVEN that, I, Ng Doo Hua Ng Joo Wah of No. 103, Jurong East St. 13 #06-210, Singapore 2260, have applied for a Retail Liquor Shop Licence in respect of premises at M/S: Joo Soon Mini Mart, Blk. 110, Yishun Ring Rd #01-381, Singapore 2776, and that
      124 words

  • 42 12 This fist is compiled based on the criteria laid down in the Trustees Act. Members ore advised to exercise care and judgement when they invest their CPF savings under this scheme. Source: CPF Board
    42 words
  • 329 12  -  By CHAN OI CHEE THE CENTRAL PROVIDENT Fund board has released a list of 70 trustee stocks in which members can invest under its latest approved investment scheme. While the selection of these stocks has been based on the criteria laid down
    329 words
  • 182 12 AP THE DAMAGE DONE to the Philippines by deposed president Ferdinand Marcos and his wife calls for massive help on the scale of the US Marshall Plan for Europe after World War n, says the new Philippine ambassador to the US. Otherwise, the country
    AP  -  182 words
  • 65 12 Reuter FOUR LAWYERS yesterday accused deposed Philippine leader Ferdinand Marcos and three judges of conspiring to secure acquittals in the Benigno Aquino murder trial. The lawyers filed a criminal complaint with the Ombudsman saying Mr Marcos and others conspired to clear former armed forces chief Fabian
    Reuter  -  65 words
  • 115 12 AFP PRESIDENT Corazon Aquino fired Manila's police chief yesterday for his alleged failure to contain a two-week opposition protest in Manila that erupted in bloody May Day riots involving her supporters. Earlier, the office of the relieved police chief, Brigadier General Narcisco Cabrera, filed charges
    AFP  -  115 words
  • 57 12 Reagan on Reuter PRESIDENT Reagan has said that the dollar's value Is approaching a realistic level. Mr Reagan, interviewed by a group oI Japanese newspapers and news agencies before he left Washington six days ago far the Tokyo summit, was responding briefly to questions about how he assessed the level
    Reuter  -  57 words
  • 64 12 AFP JAKARTA has asked the US to launch Indonesia's urgentlyneeded Palapa R-W communications satellite. Foreign Minister Mochtar Kusumaatmaja said in Bali yesterday that "the US said that the satellite may be launched using the unmanned Delta rocket". Indonesia's Communications Minister Achmad Tahir told newsmen
    AFP  -  64 words
  • 196 12 A WINDING-UP petition against Orchard Hotel Pte Ltd has been adjourned for another week while its creditor banks tie up documentation to secure loans totalling $18 million to the company. Last week, Singapore International Merchant Bankers Ltd (Simbl) announced that the four creditor banks had
    196 words
  • 148 12 AFP PLAYBOY ENTERPRISES will close three clubs in New York, Chicago and Los Angeles after a first quarter net loss of US$3.2 million against a 1346,000 loss a year earlier. The first quarter result included special revenue of $2.2 million from the sale
    AFP  -  148 words
  • 398 12  -  Boost for SRC's Pulau Merlimau refinery By BRIAN GOMEZ, Industrial Correspondent IN SPITE OF SOME DOUBTS in the past two years, BP Singapore is confident that its major stake in the $180 million hydrocracker represents "a very good investment". The chairman of BP Singapore,
    398 words
  • 110 12 BP SINGAPORE has started a year-long economic and engineering study on a proposal to set up a US$lO million plant to produce a polyethylene derivative product at Singapore's petrochemical complex. The proposed plant, with an annual capacity of 10,000 tonnes, will produce a plastic material used
    110 words
  • 277 12  -  By LOH HUI YIN SINGAPORE was yesterday cited by a US diplomat as an example of a country which did not have to resort to protectionism to achieve economic progress. The US ambassador to Indonesia, Mr Paul Wolfowitz, said the
    277 words
  • 258 12 PRESIDENT REAGAN left Bali yesterday morning to attend the Tokyo economic summit, taking with him Asean's main economic concerns. These concerns ranging from trade protectionism, the new round of multi-lateral trade negotiations to falling commodity oil prices were expressed to him during
    258 words
  • 55 12 COMEX GOLD FUTURES gained US$2.OO an ounce on sympathetic buying yesterday morning from the upturn in crude oil futures on the New York Mercantile Exchange. Gold for delivery in June went ahead $2.00 at $344.90 an ounce before running into selling from local traders. The silver re pert
    55 words
  • 69 12 Reuter NEW YORK stocks edged downward from a strong opening yesterday but clung to a small gain as the market began putting behind it immediate concerns over the Chernobyl nuclear accident. The Dow Jones Industrial Average recovered three points to 1781, after ending lower the past three
    Reuter  -  69 words
  • LATE FILE
    • 43 12 Bernama USNO president Tun Dmtu Haji Mustapha Datu Harun has filed a notice of ippcil against the Kota Kinabalu High Court decision dismissing his writ the legitimacy of Datuk Joseph Pairin Kitingan's appointment as Sabah's chief minister. Beraama.
      Bernama  -  43 words
    • 49 12 Reuter THAI MEDIA yesterday accused some Members of Parliament of accepting payoffs and rejecting a Bill that led to the government's resignation. Police said they were investigating reports that millions of baht changed hands among both government and opposition MPs before the vote. Reuter
      Reuter  -  49 words
    • 29 12 Reuter ITALY'S annual inflation rate in April this year was 6.6 per cent higher than in the same month last year, its lowest since October 1972.
      Reuter  -  29 words
    • 44 12 Reuter AT THE request of its former shareholders, a special panel has been farmed to assess the value of the Overseas Trust Bank's 300 million shares at the time of the takeover by the Hongkong government. Reuter
      Reuter  -  44 words
    • 44 12 Reuter THE SOUTH KOREAN government appeared to have nrmrip annthor concession to demands by opposition groups for greater democracy. The state radio yesterday said Seoul was planning to allow direct elections for new provincial governments and assemblies next year.
      Reuter  -  44 words
    • 38 12 Reuter PUNJAB chief minister SurJit Singh Barnala has vowed not to let Sikh extremists regain control of the Sikhs' holiest shrine, the Golden Temple, from which police ousted them this week.
      Reuter  -  38 words
    • 34 12 AP FIVE PEOPLE, Including a policeman, were killed in unrest in 24 Black townships following a May Day general strike by millions of Blacks in South Africa. AP
      AP  -  34 words
    • 29 12 AP PAKISTAN and China yesterday opened the highest border crossing in the world, the Khun)erab Pass, to tourists, the Chin* Daily said yesterday. AP
      AP  -  29 words
  • Page 12 Advertisements
    • 92 12 Experience the new Japanese Smokeless Table Barbecue Cut out this ad for a 20°o DISCOUNT iBBQ orde' onlyl plus free Anchor draft beer Coca Cola V.,hd t'» sRB Dine in cool comfort and cosy ambience as you savour delicious beef, chicken, seafood and other palatable delights specially selected, flown in
      92 words
    • 0 12 &)*^<*(.-)+"{&<{:%-`*[?=(?"$_}%
      0 words
    • 14 12 Call for low*r §■m ri m L& »»ia Bajba O irao# Darri#rs, rag# a
      14 words
    • 90 12 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 news for the well-informed professional. Commmentaries by our staff and national personalities grace these
      90 words
  • Page 12 Miscellaneous
    • 72 12 Outlook for today: Showers over o few. oroas in the loto morning. R«p art for 24 hours prior to 7.90pm on May 2 ot the airport: Maximum temperature 31.4 Associated humidity 72 Minimum temperature 25.6 A»» ni-' —A.— .J L,, —1 fA 14. A 4 AJIOCKiTtO nUmKHTy W Hours of
      72 words