The Business Times, 23 August 1986
1986-08-23
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The Business Times
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Title Section12 1986-08-23 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, AUGUST 23, 1986 75 CENTS12 words
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Article, Illustration414 1986-08-23 1 ALVIN TAY,ELAINE KOH - Group seeks partner in Australia By ALVIN TAY,ELAINE KOH MORE WINDING-UP petitions have been filed against Emporium Holdings (Singapore) as the retail giant diverts its attention from Malaysia to Australia in its continued search for a potential joint partner. BT understands that negotiations for publicly-listed414 words
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Article211 1986-08-23 1 DBS BANK has announced that it will cut its prime lending rates by a quarter point to 6.25 per cent, effective Monday. This is expected to start a spate of interest rate reductions among Singapore banks. The move by DBS to shave a quarter211 words
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Article448 1986-08-23 1 MANO SABNANI - By MANO SABNANI PRIME MINISTER Lee Kuan Yew will discuss bilateral matters with his Malaysian counterpart, Datuk Seri Dr Mahathir Mohamad, this afternoon in Kuala Lumpur. While the two leaders are having their "four eyes" meeting, the other Ministers accompanying the PM are expected to448 words
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Article122 1986-08-23 1 Bernama MALAYSIA believes it is important for the Coalition Government of Democratic Kampuchea to work for greater unity among Kampuchean freedom fighters in the coming years. "Their unity is crucial to the success of their struggle as well as their effectiveness in the political, diplomaticBernama - 122 words
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Article, Illustration412 1986-08-23 1 MARTIN SOONG - By MARTIN SOONG PORT CALLS by the ships of the Royal, Australian, and New Zealand navies currently on a naval exercise have pumped about $5.5 million so far into the Singapore economy, and not all the bills are in yet. The ships and their crews412 words
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252 1986-08-23 1 Bernama THE MALAYSIAN High Court granted yesterday an order to a securities firm, Y K Fung Securities Sdn Bhd, for third-party directions against MCA president Tan Koon Swan in connection with his alleged involvement in a $24 million suit between twoBernama - 252 words
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Article, Illustration292 1986-08-23 1 LIN TAH HWA, the former managing director of Lin Securities, was declared bankrupt in the High Court yesterday, the first stockbroker to suffer the fate in the wake of the collapse of Pan-Electric Industries last year. Dean Witter Reynolds Inc. a US securities house,292 words
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Article92 1986-08-23 1 MALAYSIA has launched a US$35O million 10-year loan in the Euromarkets, divided into two separate tranches. One is a conventional Eurocredit carrying interest at a margin over Eurocurrency rates of per cent for the first 6V4 years rising to Vi per cent thereafter. The other portion92 words
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Article, Illustration85 1986-08-23 1 SEVERAL fflißpwT remised la the limelight m the leeal steek exehaage yesterday aad flalshed with aederate te sharp galas altheagh meet laveeters were la a prellt taHag ant The Straits Times ladastrial lades edged dewa Ml pelat te 811.14 while the all-aeeter BT Cemperfte lades deettaed Ml te85 words
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300 1986-08-23 1 A HIGH-POWERED conference to attract British fund managers and corporate treasurers to Singapore will be held in London on Sep 12. Finance Minister Dr Richard Hu will be the key speaker at the one-day meeting called "Future Directions of Singapore's Financial Markets". The organisers of300 words
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Page 1 Advertisements
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Advertisement62 1986-08-23 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM II Dm taaftat frit cM «f tea aW Yamaha s Carbon Composite dubs can withstand svess and strain under all weather conditions, giving uniform high performance throughout and retain their initial performance much longer than other types YAMAHA CARBON COMPOSITE mm Showroom: 7*l Floor.62 words
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Advertisement237 1986-08-23 1 mm SHARE INFORMATION MONEY ft EXCHANGES RAW MATERIALS SHIPS IN FORT OUR VIEW SINGAPORE IS SAYING "HELLO" to hundreds of soilors who ore in town for the Starfish exercise. Their spending power is doing wonders for certoin sectors of the economy, and this is an opportunity that has to be237 words
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Advertisement7 1986-08-23 1 Fufl report, Pag* 5 ].!~\=*>{{&$\\-./@.+($[-%!~^/<@ Leader, Page 67 words
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Advertisement97 1986-08-23 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Challenges Met, Opportunities Realised. -> r wm S3 I Oi |\IGAPORE: forward dollars At Banquelndosuez, 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 cope97 words
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HOME NEWS
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460 1986-08-23 2 GOH YEE LING - By GOH YEE LING THREE new diploma courses with special emphasis on the practical aspect of management have been introduced by the National Productivity Board. The courses, which will begin in October, will lead to the Diploma in Business Efficiency and Productivity,460 words
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444 1986-08-23 2 THE THIRD Asean summit in Manila next year will set "new directions" to improve regional cooperation and external relations. Singapore's Foreign Minister Mr S Dhanabalan said yesterday Asean "has proven to be viable and successful" in mobilising its collective efforts to meet multi-faceted444 words
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445 1986-08-23 2 THE COST of the Mass Rapid Transit system under construction hit nearly $1 billion at the end of March this year, according to the MRT Corporation's latest annual report. Comprising construction, development and land costs, the total was $988.6 million.445 words
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200 1986-08-23 2 CENTURY PARK SHERATON has invested $1.2 million to computerise its hotel operations. The installation of the NEC system, which is scheduled to come into operation in November, will computerise the hotel's administrative, operational and guest-service departments. Working on NEC's CASH (Computer-Aided System for Hotels)200 words
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Article53 1986-08-23 2 TELECOMS has suspended all surface mail services to Guatemala on the request of the postal administration of Guatemala. Air mail services, however, will continue to be available. Surface letters and parcels posted before the suspension of the surface mail services may be delayed or returned53 words
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406 1986-08-23 2 THE MANAGEMENT of information will spell the difference between success and failure for companies as well as nations, according to the chairman of Britain's International Computers Ltd, Mr Peter Bonfield. And, since it is people who manage information, training and skills development should be406 words
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TRADE TALK
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Article195 1986-08-23 2 has introduced two new paper copiers the EP47OZ and the EPSO. The EP47OZ features extrawide 1031-step zoom range. Zoom ratios can be calculated and automatically entered into the copier right on the control panel. The ratios are adjustable from 95 to 105 per cent. Other features195 words
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Article101 1986-08-23 2 company is seeking local and Malaysian companies, specialising in the technology and production of flame-re tar dant industrial rubber products, to market their products in South-east Asia. The company also manufactures components for the automative and whitegoods industries. The flooring products can be used for railway carriages, buses,101 words
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365 1986-08-23 2 SINGAPORE'S first three town councils in Ang Mo Kio New Town will get to work next month but only on a six-month pilot period before final plans are drawn up. The town councils will have three sources of income to help them perform365 words
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Article, Illustration570 1986-08-23 2 THE CLOAK and dagger exploits of three Singaporean private detectives are being closely studied by their international peers to select the winner for the international "Truth in Action" award. The award, traditionally given to an individual from the host country,570 words
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Article1107 1986-08-23 2 AT CONVENTIONAL WHARVES VhmI Berth Arrival Departure KEPPEL WHARVES Bunga Setowor K20 alongside 23.8/2300 Delicto K16 alongside 23.8/0500 Hati Senang K2I alongside 23.8/0700 Iwen K19 alongside 23.8/1500 Lingyun K15 alongside 23.8/1300 Stroits Hope K24E alongside 23.8/1500 E'tern Glory K28 23 8/0600 23 8/2359 Gtso Moru 8 K201,107 words
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ASIA-PACIFIC
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304 1986-08-23 3 AFP THAILAND should have sustained economic growth of at least 5 per cent per year for the next 10 years, according to a leading Thai economist. Speaking at an annual seminar of the World Bank, Board of Trade and the private Thailand DevelopmentAFP - 304 words
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Article, Illustration338 1986-08-23 3 Reuter LEFT-WING MEMBERS of Australia's ruling Labour Party have warned Prime Minister Bob Hawke that the government could lose the next general elections because of its decision to resume uranium sales to France. But Mr Hawke refused to back down whenReuter - 338 words
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342 1986-08-23 3 AFP A DEVELOPING TREND (or Chinese students to stretch their studies in the US in order to stay in America as long as possible is causing concern in Beijing and Washington. US officials and academic sources said the trend had led to aAFP - 342 words
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185 1986-08-23 3 AFP LEADERS of China's 6,000 large and medium enterprises have been ordered back to school to learn management methods needed by the country's modernisation, a Chinese newspaper has reported. Leaders of large and medium state enterprises including directors, party secretaries, chief engineers, economists andAFP - 185 words
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262 1986-08-23 3 UPI CHINA'S trade with the European Community soared 28.1 per cent in the first six months and is expected to reach a record US$B billion this year, the official China Daily newspaper has reported. Trade with the EXT hasUPI - 262 words
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Article380 1986-08-23 3 Performance outstrips industrialised nations: report AP TAIWAN, Italy and France show the strongest economic growth among the industrialised, non-communist nations, a New York-based research organisation has said. Growth is slower in the United States, sluggish in Canada and West Germany, and has come toAP - 380 words
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309 1986-08-23 3 THE PHILIPPINE Ministry of Foreign Affairs has told Filipinos seeking employment overseas that there are no Job openings for Filipino construction and plantation workers in Malaysia. The warning was issued after 16 Filipino workers, deceived by a bogus job recruiter, were stranded309 words
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101 1986-08-23 3 Bernama Those who went home on Aug 16 were Lazaro M Saguiped Jr. Jeremias M Acierto, Rodolfo Piga, Pedro Bacusin Jr, Rogelio Peralta, Ernesto Ramirez, Rodolfo Sumio, Felix Pasuquin, Nestor B Cubis, Oscar Torres and Jaime Panay. Two workers Norlito Labiono andBernama - 101 words
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166 1986-08-23 3 AFP ALL THREE PARTIES contesting Indonesia's next April general elections will have to submit their campaign speeches for advance screening. A spokesman of the National Election Board (LPU), Ismail Hasan, said the screening was necessary to prevent "strong" speeches during the electoral campaign, theAFP - 166 words
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Article, Illustration340 1986-08-23 3 Reuter ANTI-GOVERNMENT protests against last week's crackdown on Pakistan's opposition appear to be declining and only scattered incidents of arson and sabotage have been reported, police sources say. The Movement for the Restoration of Democracy (MRD), a 10-party opposition alliance, said agitation was continuing inReuter - 340 words
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Article121 1986-08-23 3 Reuter EGYPT is to change its customs system from next Saturday, cutting import tariffs by 50 per cent but almost doubling the rate of exchange at which dues are calculated. Prime Minister Ali Lotfi said on Thursday duties would be calculated at the commercial bankReuter - 121 words
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92 1986-08-23 3 AFP INDIA and Iran have signed an agreement to explore possible industrial collaboration to boost bilateral ties. The agreement, which aims at cooperation in power, steel, transport, telecommunications and railways, was reached after wide-ranging talks between Indian Foreign Minister Shiv Shankar and hisAFP - 92 words
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Article879 1986-08-23 3 ARRIVALS Operator Scrvtci Local twin From S1A SQ1I7 0005 KUL UA UA805 0010 JFK/SFO/HKG CAL CI333 0315 TPE SIA SQ41 0615 MAA MAS MH60I 0705 KUL MK MK746 0755 MRU MAS MH68I 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/DXB MAS MH811 0910 PEN MAS879 words
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Page 3 Miscellaneous
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Miscellaneous89 1986-08-23 3 Doonesbury 'MORNING, CAMPERS' LIVE FROM H6 TR& PARK, SANTA J BARBARA, TDMY, CHAnineurm... YOU CM CALL MB IWORiOU CAN GALL MB W.JUST POTT CALL m 1 Mr. sL<ar I V 9 OKAY, TEP, HERE IN SANTA BARBARA,THERE ARB ONLY 100 B&& FOR ZOOOHOMELESS. rPSUIEGAL TOSLEEP OUTDOORS AFTBRPARK. PUBUC PRJNKJNG IS89 words
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REST OF THE WORLD
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Article, Illustration373 1986-08-23 4 Reuter THE REAGAN Administration said on Thursday it would oppose a Soviet bid to participate in the world free-trade group General Agreement on Tariffs Trade (Gatt). White House spokesman Larry Speakes, at the California White House, said he did not see how the SovietReuter - 373 words
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148 1986-08-23 4 UPI A GALLUP POLL has indicated that support for Canada's governing Conservative Party fell and the number of undecided voters jumped sharply, possibly because of the decision to let 155 Sri Lankan refugees rescued at sea stay in Canada. The mid-August survey of 1,000 eligibleUPI - 148 words
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309 1986-08-23 4 Reuter SOUTH AFRICA has been stockpiling thousands of strategic items for more than a decade to protect its economy against the threat of international sanctions, Manpower Minister Pietie du Plessis said on Thursday. "You may rest assured that the government has learntReuter - 309 words
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445 1986-08-23 4 AP MULTINATIONAL corporations, foreigners in the US and companies owned by foreigners or governments will be affected by a new tax law Congress is expected to pass. US tax records are kept secret, so the businesses and countries concerned cannot be officiallyAP - 445 words
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241 1986-08-23 4 UPI AMERICA'S super rich citizens own only 26.9 per cent of the nation's net worth, not the 35.1 per cent reported by the Federal Reserve Board last month. The Congress Joint Economic Committee said on Thursday that the Fed made a computation errorUPI - 241 words
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284 1986-08-23 4 Reuter EAST AND WEST returned to the negotiating table at disarmament talks in Stockholm yesterday with indications that the Warsaw Pact may be limiting the scope of its offers to the West. The start of the conference's final session on TuesdayReuter - 284 words
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191 1986-08-23 4 Reuter THE Chernobyl nuclear accident revealed a lack of international coordination on handling radioactive leakages, according to a World Health Organisation (WHO) report on Thursday. "There have been significant inconsistencies in the measurement procedures used and the manner in which data have been reported,Reuter - 191 words
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220 1986-08-23 4 Reuter BRITAIN had a £7.3 billion surplus in 1965 on financial and other services, well ahead of the £5.9 billion in 1984 and £5.5 billion in 1963, government figures showed. The annual report of the balance of payments said bank earnings here lastReuter - 220 words
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RAW MATERIALS
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Article374 1986-08-23 4 RAS prices in S cents/kg, FOB in boles NOON CLOSE Buyers Sctlcn Buyers Sellers Int 1 RSS Prompt 175.50 176.50N 175 00 176 OON Int 1 RSS Sep 86 175.50 176 00 175 00 175.50 lot 1 RSS Oct 86 174 75 175.25 174 25 174 75374 words
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Article107 1986-08-23 4 (cents/Vg, 1-ton pollets) $£py OCT 86 (current month) (forword month) RAS NOON NOON Buyers Sellers Buyers Sellers SSfi 20 157 50 159 50N 158 00 160 OON SSR 50 154 50 156.50N 155 00 157 OON MRELB Buyers Sellers Buyers Sellers SMR CV 238 00 240 OON107 words
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Article338 1986-08-23 4 SINGAPORE The market closed slightly lower yesterday with September One RSS buyers quoted at 175.00 cents per kg, down 0.25 cent from Thursday. Dealers said the morning session ended steady, after hovering narrowly on short-covering of nearby and forward positions in moderate trading. Prices held steady in early afternoon338 words
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Article229 1986-08-23 4 SOYBEAN FUTURES on the Chicago Board of Trade closed near the highs on a steady note on Thursday, up SV« to two US cents per bushel in moderately light trade. September settled at US$4.B3 after posting a 7'/i-cent range on the day. Gains in the soymeal market on reports229 words
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Article602 1986-08-23 4 COFFEE Robusta futures closed mainly a little weaker on Thursday after more than recouping their early losses in the afternoon and then softening, partly on technical factors, in late trading. The market's attention was fixed on the Brazilian crop estimate, with most London traders anticipating a figure of602 words
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Article213 1986-08-23 4 WHEAT FUTURES on the Chicago Board of Trade closed mixed after a day of very slow trade on Thursday, ranging from up US cent per bushel in September to down in May. September settled at USs2.slafter being held to a two-cent range The outlook for little fresh export tender213 words
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Article91 1986-08-23 4 THE PRICE ef tie m the Koala Lam par Tie Market wmmmtĕ two cents to Mfl4.M per kg yesterday frem Thsrsday seme baying Interest. Dealers Mid the lewer levels attracted renewed covering demand, mainly (rem Japaa while Malaysia was haying fer Its own consumption. Europeas bayers remained ahseat.91 words
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Article188 1986-08-23 4 MALAYSIAN crude palm oil prices recovered from opening lows to close slightly higher yesterday on late covering interest, after early sentiment was dampened by continued easiness in Chicago soy oil futures. India's rejection of all vegetable oil offers at its weekly import tender on Thursday also weighed on188 words
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Article156 1986-08-23 4 Chineee Produce Robusta 20/25% 525 00 Exchange Sellers' noon closing fx FOB NSW rices on Nutmeg Aug 22 (S$/100 kg). 110 FOB NSW 1355 00 Coconut oil BWP FOB NSW 1256 00 Bulk Foe 43 00 Gombier Old drum FOB 56 00 FOB NSW 330 00 New drum156 words
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Article86 1986-08-23 4 OIL PRODUCTS NAPHTHA and fuel oil were actively traded in the Singapore petroleum products market. Fuel oil prices slipped steadily as prompt demand was covered. Naphtha, gasoil and kerosene all talked around Thursday's ranges. Closing prices for crude (fob origin) US$/barrel Change Dubai (Sep) 11 90 WTI, West Texas 15.2086 words
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Article65 1986-08-23 4 Bangkok Broken Rice 130 127 (US$/ton«e, FOB) A-l Super A-l Special White Rice C-l Speciol C-l Od unci unq 100% 1st class 100% 2nd class 230 Loonzain Rice 100% 3rd class 225 100% 1st grade unq 100% 2nd grade 225 5% 215 '00% 3rd grade unq 10% 210 15%65 words
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BANKING AND FINANCE
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450 1986-08-23 5 Reuter THE RELUCTANCE of commercial banks to provide new funds for indebted countries is being underscored by the begrudging way in which banks are reacting to a call to contribute to a US$l.6 billion contingency loan for Mexico. In addition, even mostReuter - 450 words
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Article362 1986-08-23 5 Deal lead-managed by nine banks FT MALAYSIA has launched a US$35O million 10-year loan in the Euromarkets, which bankers say should finally lay to rest fears that surfaced earlier this year about its ability to service its US$l6.7 billion eign debt. The fully-underwritten deal, mandated toFT - 362 words
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340 1986-08-23 5 Reuter THE WEAK Canadian dollar is preventing Canada from following the US move towards lower interest rates. Traders said the Bank of Canada's influential rate rose to 8.58 per cent from 8.53 per cent at its weekly setting on Thursday, in spite of Wednesday'sReuter - 340 words
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Article126 1986-08-23 5 Reuter THE SWISS National Bank has decided not to change the discount rate. This was disclosed by a bank spokesman after its routine meeting on Thursday. He noted there was no automatic link between changes in discount rates abroad and the Swiss rate. Even if theReuter - 126 words
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262 1986-08-23 5 Reuter WEST GERMAN banks have rejected a charge they have too much power and say there is no need to cut the stakes they may hold in industry, according to Hanns Christian Schroeder-Hoh-enwarth, the president of the Federal Association of German Banks (BVB).Reuter - 262 words
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507 1986-08-23 5 Reuter SIGNS OF DISTRESS in parts of the US banking system are beginning to show and monetary policy is likely to be formulated increasingly towards relieving that distress, analysts concluded after viewing the latest week's data from the Federal Reserve. The Fed said thatReuter - 507 words
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MONEY AND EXCHANGES
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Article, Illustration691 1986-08-23 5 SIHGAPORE: The US dollar recovered against most major currencies to close slightly firmer in thin late trading yesterday. The dollar's rise in the afternoon was due to some weekend short-cover-ing but its sentiment still remained bearish. The dollar ended slightly higher at 153.20/30 yen compared with an early691 words
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Article50 1986-08-23 5 RESULTS OF TENDER held on Aug 22 for 91-day trills to be issued from Aug 25 to Aug 29: Offered: $140,000,000 Applied fer: $306,000,000 Allotted: $140,000,000 Accepted bids: $99.41 approximately 64 per cent, higher bids in full. Avenge rale ef discount m allotment: 2.155 per cent per annum.50 words
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Article269 1986-08-23 5 HONGKONG: The metal closed slightly lower yesterday on profittaking and selling by local investors. Bullion closed at U*****.00/50 an ounce compared with New York's final U*****.25/75. Dealers said sporadic buying by US and Japanese investors was offset by local selling. On the local market, the metal gained HK$3l to269 words
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Article342 1986-08-23 5 Asian market ASIAN DOLLAR deposit rates closed steady yesterday at opening levels in quiet afternoon trading. Dealers said some period rates eased between 1/16 and 1/8 point at the outset on speculation of another cut in the US discount rate next month. Thereafter rates remained unchanged with one month closing342 words
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Article103 1986-08-23 5 THE OVERNIGHT rate on the Singapore interbank money market closed at 3-3/4 per cent yesterday, down 1/8 point from Thursday's close. The one, two and threemonth term rates fell by 1/16 point each. S$ Interbank rotes at 7pm yesterday: OHer B.d Ower3 3/4 3 5/8 I -month 4103 words
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Article267 1986-08-23 5 Interbank rates at 3pm yesterday: Local dollars fo one wwt of currency •id Oilor o rooo parity cta«o US dolor 2.1500 2.1510 2 8196 -23 75 Sterling pound ***** ***** ***** -56 15 Austrotan dolor 1 3082 1 3110 3 4286 -61 84 NZ dollar 1 0459 1267 words
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Article410 1986-08-23 5 BA Futures EURODOLLAR futures opened slightly higher yesterday than the previous close and traded marginally higher on expectations of another US discount rate cut in the near future. The December contract opened at the morning's low of 94.07 and firmed to 94.09 in quiet pre-weekend trading initially. It finallyBA Futures - 410 words
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Page 5 Advertisements
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Advertisement340 1986-08-23 5 ALGEMENE BANK NEDERLAND N.V. (Incorporated in the Netherlands with limited liability) INTERIM DIVIDEND FOR THE YEAR 1986 The Managing Board is pleased to declare an interim dividend of Dfls 13.50 per share to be payable at the option of the shareholders, in shares and cash or wholly in cash, as340 words
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TIME-OFF
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Article533 1986-08-23 6 THERE IS A traditional scene in Navy films in which the ship pulls out of port to the whoop of destroyer sirens, the deeper blare of the battleships and the sobbing of the girls on the quayside waving goodbye to the matelots. When the ships that have533 words
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Article667 1986-08-23 6 MAX COMMANDER - Letter from England Waiting for A-level examination results in England, like in Singapore, engenders the same nail-biting tension and worry, observes MAX COMMANDER of his youngest daughter's behaviour in one fateful week. MAX COMMANDER WHAT A TRAUMATIC week. All of us on tenterhooks awaiting the fateful667 words
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Article, Illustration420 1986-08-23 6 KOH TSE YING - By KOH TSE YING THE ORCHESTRA'S style of playing is reflected in "its strings' rich, full tone; the delicate lightness of the woodwind players and the romantic richness, a mixture of delicacy and energy of the brass players." So wrote the reviewers after listening420 words
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Article326 1986-08-23 6 OVERHEARD at a stag dinner party: It is extremely difficult in the West to get women to stay on in politics because they keep changing camps they would be Conservative in the morning, Liberal at night, and nine months later in Labour. LAST WEEK, this column326 words
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Article1219 1986-08-23 6 What's on from Aug 23-29 M mmmĔĔm W CONCERT: SSO FAMILIAR FAVOURITES: Slow Lee Chin and WHam Naddia. Victoria Concert Hal. 8.15pm. Programme includes Strauss's Die Fledermaus Overture, Ketelbey's In A Persian Market, Haydn's concerto for oboe and orchestra in C, Op 63 ond Dvorak's Romance in F minor1,219 words
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Article, Illustration120 1986-08-23 6 ELECTRIC meat grinders were unheard of in grandmother's days. Then, cooking was done over wood and charcoal, using an assortment of kitchen utensils, now fast becoming a thing of the past. The sumptuous meals were cooked in traditional Indian pots for simmering curries, Malay coconut scrapers,120 words
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Article, Illustration574 1986-08-23 6 Mike Thumba - By Mike Thumba AT THE Pesta Sukan International Bridge Championships held last week, Singapore's national team was beaten by the second Singapore team which included the national team's nonplaying captain, Dr A K Heng, and coach T P Wu. Cemmeati ea tfce last fesart played m Baaday: 1. C574 words
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SPORTS
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Article, Illustration347 1986-08-23 7 NYT RAY FLOYD, who won the United States Open championship at Shinnecock Hills in an exciting finish on June 15, is feeling confident. "I'm actually hitting the ball better than I did at the US Open," he said in Ohio on Thursday. "My swing'sNYT - 347 words
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Article, Illustration352 1986-08-23 7 Reuter KEVIN CURREN of the US came hack from the brink of defeat for the second successive day as he advanced to the quar-ter-finals of the U*****,000 ATP championships on Thursday. Curren, the 13th seed, fought off three match points before beating fourth-seeded Joakim Nystrom ofReuter - 352 words
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Article443 1986-08-23 7 Reuter IN EUROPE, where cycling is rich in tradition, the legend of Bernard Hinault is discussed with the awed respect reserved only for the greatest cyclists in history. The Frenchman, known as "The Badger" because of his tenacity, has won the Tour de France fiveReuter - 443 words
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Article, Illustration546 1986-08-23 7 BRIAN MILLER - By BRIAN MILLER PETER JOHNSON will be the Jockey to follow in Penang this afternoon. Back in the saddle after a short holiday, this New Zealand hoop has been nominated to ride in six of the day's nine races and he should come away546 words
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219 1986-08-23 7 UPI WESTERN AUSTRALIAN Premier Brian Burke has a new tool when he's preaching about the advantages of locating a business in his native land a picture of the America's Cup. In 1983, a Western Australian syndicate owned by businessman Alan Bond ended theUPI - 219 words
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Page 7 Miscellaneous
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Miscellaneous1149 1986-08-23 7 to wb mm SATURDAY NIGHT MOVIE Tall Me That You Low Mo, Junto Moon 11.20pm, Chonnol 5 Directed by Otto Preminger, this 1970 movie stars Liza Minelli, Ken Howard, Robert Moore and James Coco. It teMs the tale of how three young handicapped people, two men and a girl, meet1,149 words
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Miscellaneous21 1986-08-23 7 PtanJdlLckezf me=> OIRSHTS roßTue First Time »N moNTMs ue w*erou-v eooKep... > &LL LGAve is cprJcetLeD p*ss the. Kaor*> -JVC sr/vp. J21 words
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Miscellaneous818 1986-08-23 7 SI CRYPTIC PUZZLE ACROSS 9 The funny port of the boxing |oke? (5, 4) 10 Not to upset one, soy yes to (5, 4) 12 Struck by, we're told, orvd very interested (4) 13 Scored to move from the trees (6) 14 They're sJy things to eot (7) 15 Biting818 words
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INTERNATIONAL STOCKS
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300 1986-08-23 8 FT HAMLEYS of Regent Street, one of the world's most famous toy shop 6, has been sold for £30 million cash to Harris Queensway, the British retailer. Burton Group, another UK retailer, put Hamleys on the market in May as part of a planFT - 300 words
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Article197 1986-08-23 8 FT COMPETITION is intensifying among financial institutions to provide the cash for British Airways's US$2.3 billion order for 16 Boeing 747-400 long-range jets. The order, announced last week, could be raised to US$4.l billion if an option on a further 12 aircraft is exerdsed.FT - 197 words
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324 1986-08-23 8 Reuter WALL STREET stocks closed mixed in heavy trading on Thursday. The Dow Jones Industrial Average fell 0.14 point to 1,881.19. The New York Stock Exchange Composite (ell 0.03 to 143.61. Advances led declines by 909 to 683. Volume rose to 135.18Reuter - 324 words
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Article152 1986-08-23 8 AUG 21 a kmp Oi a A 42* 16* «h AMt» 22* bit Pro* npa hi M 38* 19 1* Aican Alum 41* 13 inch Karr Addkcn Lobtow Co 16* 12* 15* Mc BhxM 38* 31* 25* M Canada Bp Rotoutcm Brovcon a A Canodwn Imp Bani Canpoc 38*152 words
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Article225 1986-08-23 8 AUG 21 taad 730 Trurt 8k 123 -2 INDUSTRIALS Un Staal 50 Wooftru l r« -25 A AJpho Abarcom Aad I~"Z~ 265 1375 395 ***** -7 unch MM MGS Amaprop AWIC ***** 1500 1930 10 2275 unch C G Smith 2750 50 Buffet 9950 CNA 5 1975 Curt* finar225 words
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Article693 1986-08-23 8 AUG 21 Alton Akiwi Alcoa us» 29* 36 inch -H r■ 1*4ona Trt Ruor Cp FMC Cp 24* 13* 13 Navistar NCR Corp 7* 52* 51* 4-* Cam! 4 d n tn. w UiU rnO"Of 62 80 4-* Aftog M Aftod Sag 14* 42 4* t •♦port Mcmor693 words
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Article630 1986-08-23 8 Amsterdam AUG 21 AM fk ♦A 9*5.00 4-3 AMOH Ahold ***** +oa 95.00 -01 Akio ***** -OA AHnM AA«V Ainro lank 153.00 42 ..•1.10 -0 2 ***** 4 1 Aw S»O4 Barfcal 127 30 une* 39 50 ♦OS Bonunft Buahrman TaWaroda. CaKa Diiim 117.00 42 222.00 42 710630 words
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Article50 1986-08-23 8 Reuter PIZZA INN Inc has received an unsolicited offer for all of its shares for US$l2 per share in cash from an investment group represented by R Gene Smith and Qearf* W Baker. The ofler is subject to definitive documentation and regulatory and shareholder approvals. ReuterReuter - 50 words
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Article79 1986-08-23 8 Reuter UNILEVER NV has extended its shareholding in Naarden International NV, with whom It is engaged in merger talks, to more than 40 per cent. Naarden's shares rose a further L5O guilders to 903 on the Amsterdam exchange on Thursday, compared with 54 guilders beforeReuter - 79 words
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Page 8 Advertisements
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Advertisement482 1986-08-23 8 c I Wtmft Id wine, tfiae aai eaterta!® tm P m sli Baron's Table Sunday Brunch... you 11 love it.' Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only 825.50 per adult and482 words
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ASIAN STOCKS
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Article326 1986-08-23 9 HONGKONG: Share prices closed firmer in dull trading yesterday in the absence of fresh factors and institutional buying. One broker said many investors stayed on the sidelines awaiting interim results due next week from market leaders such as HongkongBank and Cheung Kong Holdings. Both counters were unchanged at HKJ7.OO326 words
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Article256 1986-08-23 9 AUG 22 AJ Srx«f> Indus Alia Cement KT 1.72 2300 -002 unch Kuochan Da* Laa Chang Yuan Cham Indus Lien Hwo Indus 21 50 27 50 10.40 34.90 -02 -02 -0 15 -03 Cathay Cora Chang Hwo Bank 29.90 39 70 22.90 -0.2 -0.5 Nat Investment Trust 348 80256 words
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Article423 1986-08-23 9 TOKYO: Share prices closed sharply lower on profit taking centred on domestic oriented shares. The market average fell 234.29 to 18,441.31 for the second straight fall, but off the day's low. The average fell 260.64 to 18,675.60 on Thursday after 10 days of rises. Turnover was 2.10 billion shares423 words
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Article73 1986-08-23 9 AUG 22 Paao* MontMl 0.012 -0001 Acop Mining Anglo Phi Phi Ovanaos 0.016 0002 0 0012 unch PhJax B 0 25 inch 0014 ♦0001 Ptcop B PLOT 183 1 Bogutt Gold Basic Pafrotaum Banguat Con. B ***** 0 0055 92 ♦***** +***** 5 Son B Sm Darby 64 inch73 words
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Article396 1986-08-23 9 SYDNEY: Australian share markets yesterday closed firmer in moderate trading as heavy demand for leading gold stocks and speculation that the battle for control of BHP might be resolved boosted prices, brokers said. At the close of trading, the All Ordinaries Index was 4.3 points higher at 1,183.8 and396 words
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Article84 1986-08-23 9 1147 -12 CM Sugar Dmtni Ind Daewoo Corp 2000 Ka Motor 1940 2400 5 15 576 1640 +21 5 Korea Long Twin Lucky Ltd 1621 IA7* 118 +4 1426 -4 1890 72 Dong Mi Phar 900 1900 10 30 Pocafic Owned 1590 1200 -55 10 1801 1 2760 884 words
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Article143 1986-08-23 9 Reuter BANGKOK: The Securities Exchange of Thailand Index yesterday rose 0.6 to 146.88. Turnover amounted to 556,046 shares valued at 97 million baht. Reuter a SlSSI —Si M Saam Otaim Ao Khofn Thai Luiiny n Mfr Ami Ffcft Sam City Ayudhya kw«*im«nt.. 148 -2 Qmmunt 512 -2 Bangkok Agro-todReuter - 143 words
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Article60 1986-08-23 9 UPI AMERICAN Motors Corp, which just resumed production at its Beijing vehicle plant after a two-month closure caused by a foreign exchange crunch, is staying plans to build two new US models in China, officials said yesterday. The joint Sino-US Beijing Jeep Corp may build ComancheUPI - 60 words
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240 1986-08-23 9 AP NISSHO IWAI Corp, a major Japanese trading company, has announced plans to open an office in Hanoi in late September, a company official said yesterday. The official, who spoke on condition of anonymity, said the company was currently negotiating with VietnamAP - 240 words
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178 1986-08-23 9 AFP, Reuter CHRYSLER Corporation of the US plans to list its stocks on the Tokyo Stock Exchange, exchange officials said on Thursday. T isting on the Tokyo market of Eastman Kodak, a major US photographic equipment maker, is scheduled for next week, theAFP,; Reuter - 178 words
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Article87 1986-08-23 9 Reuter THE BROKEN Hill Proprietary Co. Ltd has bought Bethlehem International Engineering Corp from.Bethlehem Steel Corp of the US to give it worldwide patents for zfrcalume. Zincalume is a zinc aluminium" coating which increases the life of steel products. Under the terms of theppurr rReuter - 87 words
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Article278 1986-08-23 9 Reuter THE WAH KWONG Shipping and Investment Co (Hongkong) Ltd group has sent the final draft of a debt restructuring agreement to creditors and plans to have them sign it by Aug 28. Under the agreement, Wah Kwong will be reorganised and will sell someReuter - 278 words
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Page 9 Advertisements
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Advertisement538 1986-08-23 9 I WSiere to wins» dl&e aad ..J; |feg» ooimees THE MOST WONDROUS BUFFET LUNCH IN TOWN a gourmet buffet luncheon at an ungourmet price! For starters. take your pick ct our cold dishes prawns on ice. troth oysters. smoked salmon, melon ana dried ham. vegetable terrine. mixed seataod salad, cooked538 words
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Advertisement130 1986-08-23 9 y Moat Pcy y y < The HOT DISCO COUNTRY SENTIMENTAL POP ROCK* and you name it! I I 4»" Singapore's very own Slim' Whitman with country favourites and oldies. Happy Hours: 5-7pm Buy one get one free (except premium brands) -*r CAIRNHILL HOTEL 19 Caimhill Circle. S pore 0922.130 words
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SHARE INFORMATION
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Article, Illustration4161 1986-08-23 10 THE STOCK MARKET finished on a mixed to slightly steadier note yesterday as continued buying of Singapore lower-liners helped to keep overall trading sentiment positive in spite of profit-taking. Price gainers led losers by a margin of 74 to 71. Most sectors finished mixed4,161 words
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Article242 1986-08-23 10 SINGAPORE Rto®« ""KB ruiiit. Ibuh 332 22 ITCoeyewte 6II.M **7 73 246 *22 BTI»<kc.t<K **********5*7*23 OwTm 280 +16 Oft/OS +275 +2*9 bat! 50< So 4 rrCAW *455 -6454 SmZLMAM 170 +13 ITMV 31*73 303*6 r«itui»t H SO* 113 +11 STMnMnth *11 *5 *11.34 400 0 STF«onc* 1***242 words
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Article3327 1986-08-23 10 BID and after price» ofQrislly listed and Unliw In and reported to the Stock Enftaafe of Singapore yesterday with "the fmntw of I traded ibovn la bracket! tn kits of 1,000 wdts unless othawtse specified. All Time Settlement Contract» are quoted after the word "SETT'.3,327 words
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Page 10 Advertisements
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Advertisement0 1986-08-23 10 ;@)%]@\_\%!$>|.")`<_%_^\?_|$,{-0 words
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COMPANY NEWS
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Article, Illustration216 1986-08-23 11 RAMESH CHANDIRAMANI - W By RAMESH CHANDIRAMANI AS EXPECTED, CPF-related trustee stocks came in for some profit-taking last week, spreading the investment focus out to the penny industrial, hotel and property stocks. I said earlier some of the smaller-priced issues like today's JC-MPH chart feature could offer some216 words
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Article2058 1986-08-23 11 MNJSTRMLS Acmo (1866) Ajinomoto (3006 310S) Akem (70S) (2) 71 (4) 70 AISB (596 60SX 1)59 AM (725) (J) 73* (1) 72 (18) 72 ASM (1118 112S) (54) 111 (7) 112 Aatoh (2666 2675) (14) 270 (11) 269 (40) 268 (22) 267 (5) 265 (21)2,058 words
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134 1986-08-23 11 MBT MALAYAN Banking has not been informed by its chief executive Wan Azmi Wan Hamzah of his resignation from the bank. According to a statement signed by the secretary to the Malayan Banking board, Mr Yusof Haji Nasir, the board has never discussedMBT - 134 words
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358 1986-08-23 11 NAJEEB JARHOM - By NAJEEB JARHOM AFTER TWO YEARS of decline, Central Properties Ltd, the tightly-held investment holding and property company controlled by tycoon Khoo Teck Puat, has resumed its profit growth in the first half of 1986. The group, which derives the bulk of its revenue and358 words
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460 1986-08-23 11 THE KUALA LUMPUR stock market slipped Into lethargy yesterday and share prices eased in overall softer trading conditions. Blue chips, which had put on a strong performance the previous day, were hit by bouts of profittaking. However, a handful of component stocks still460 words
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Article255 1986-08-23 11 Managers' prices MARA-Bumiputrs for Aug 23 25 First B'putra 464 469 Singapore Unit Trust Second B'putro Th*d B'putro 4 30 4 35 3 29 3 34 The Commerce 0.8S 091 Fourth B'putro 3 70 3 75 The Sowings Fund 078 084 Fifth B'putro 2 36 2 41 S'pore255 words
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Article1013 1986-08-23 11 Reuter SHARE prices yesterday opened with an easier bias in quiet trading ahead of the long weekend. At 1000 GMT the FT 30 was down 3.8 at 1263.3 and the FTSE 100 was down eight points at 1596.8. The drop continued from Thursday's drift in prices, in theReuter - 1,013 words
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Article107 1986-08-23 11 HONGKONG Hongkong Index Fridoy 1216 96 Thursday 1214 50 Week ago 1212.12 Hang Song Index Fndoy 1946 03 Thursday 1941.36 Week ago 1935.76 All Industrials Fridoy 1880.8 Thursday 1870.0 Week ogo 1859 9 NEW YORK Dow Jones Thursday 1881.19 Wednesday 1881.33 Week ogo 1844.91 TOKYO Nikkei Average Fridoy107 words
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Article116 1986-08-23 11 BANQUE Nationale fie Paris, which filed a winding-up petition against Malaya Tin Printing on July 23, formally withdrew it in the High Court yesterday. BNP agreed to withdraw the petition on July 24 after discus- sions with MTP which started work immediately on formulating a financial package116 words
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Article48 1986-08-23 11 The Great Fsstwn Life Assaraaee Cempaay Ltd has declared an interim dividend of eight cents lem 40 per cent Malaysian income tax. Books will be closed from Sep 15 to Sep 18. Paper Predicts (M) Bhd has acquired a new commpany called Gaya Juara Sdn Bhd48 words
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Article205 1986-08-23 11 C K Taag IMtei: 26th AGM at 310 A 320 Orchard Road, Singapore 0923, today at 10.30am. Baxy Electric lad—trim (Malayrta) Berkad: 18th AGM at Ming Crystal Ballroom, 1st Floor, Ming Court, Jalan Ampang, Kuala Lumpur, today at 10.30am. Stegapsre Alritees Limited: 14th AGM at Stamford Ballroom, 4th205 words
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Page 11 Advertisements
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Advertisement10 1986-08-23 11 M onagers ust anage BT shows you how every Monday.10 words
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Advertisement313 1986-08-23 11 NOTICES FAMA (SDMSAPOBK) PIB. UMRD NOTICE OF SPECIAL EESOLtmONB At an Extraordinary General Meeting of the Members of the Company duly convened and held at 16 Raffles Quay #18-04, Hong Leong Building, Singapore 0104 on 22nd August 1960, the following Special Resolutions were duly passed:"1. That the Company be wound313 words
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Advertisement306 1986-08-23 11 FAMA (SINGAPORE) (WT VOLUNTARY WINDING UP) NOTICE 18 HEREBY GIVEN that the Creditors of the aboven&med Company which Is being wound up voluntarily, are required on or before 23rd September 1966 to send In their names!, and addresses and the par-, tlculars of their claims and the names and addresses306 words
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Article, Illustration585 1986-08-23 12 ANNA TEO - Company finalising plans to go into chip-making By ANNA TEO MOVING TOWARDS becoming a fully-integrated computer manufacturer, Wearnes Technology has increased its stake in Cali-fornian-based computer company Advanced Logic Research Inc (ALR) and finalising plans to go into chip-making. And with an eye on eventually585 words
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511 1986-08-23 12 Most, M not all, of Mm 71 CPf trust** iharti hava rissn sharply in valua sine* the introduction of tha Cantral Providant Fund Approvad Invaatmanta Sdatna on May 2. To highlight tha outatandlng performers (and/or biggest lossrs), BT will from today carry a waakly511 words
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429 1986-08-23 12 CHAN OI CHEE - By CHAN OI CHEE TRADITIONAL EDIBLE oil manufacturer Hwa Hong Corporation, which is looking into new markets and new businesses, has reported a set of interim results showing lower operational profits. But thanks to a lower tax charge, its net earnings before429 words
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Article166 1986-08-23 12 UPI STATE and federal officials closed banks in Texas, Kansas and Colorado on Thursday, bringing to 94 the number of banks closed in the US this year. In Texas, Danbury Bank, an institution with nearly US$lO million in total assets, was the 15th bank failureUPI - 166 words
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273 1986-08-23 12 Reuter NORWAY yesterday announced it was effectively cutting by 25 per cent the tax burden of oil companies producing oil and gas from its offshore fields. The Finance Ministry said in a statement the tax reform, introduced to try to keep foreign oilReuter - 273 words
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119 1986-08-23 12 Reuter MOSCOW'S promise to cut its oil exports to Western Europe to help shore up falling prices is a symbolic gesture to Organisation of Petroleum Exporting Countries (Opec) which will have little effect on the market or the Soviet oil industry, according to diplomatsReuter - 119 words
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155 1986-08-23 12 AFP Reuter INDONESIA is ready to discuss with China the Cambodian resistance coalition's eight-point peace plan, Indonesian Foreign Minister Mochtar Kusumaatmadja confirmed yesterday, saying that the proposal showed unprecedented flexibility from Beijing. Although diplomatic relations between Indonesia and China have been frozen for 18AFP; Reuter - 155 words
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Article62 1986-08-23 12 Reuter WALL STREET stocks eased in early trading yesterday as the consolidation that began on Thursday following a half point cut in the US discount rate continued into a second day. Investors were trying to determine whether the interest rate cut was enough to fuel the weakReuter - 62 words
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282 1986-08-23 12 Bernama AP MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad is expected to launch the move to set up an independent South Commission at the non-aligned summit, starting on Sep 1 in Harare, Zimbabwe. Dr Mahathir, who is chairman of the steering committee ofBernama; AP - 282 words
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LATE FILE
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Article56 1986-08-23 12 Bernama THE MAGISTRATE'S court In Malaysia has issued a remand order against former Malaysian Overseas Investment Corporation managing director Mohamed Abdullah Ang Swee Keng for further investigation in connection with alleged criminal breach of trust involving *****,000. The order was issued by Magistrate Puan Chan SeongBernama - 56 words
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Article39 1986-08-23 12 UPI TOYOTA Motor Co, Japan's top car manufacturer, said it posted decreased profits on increased sales for the year ended last June owing largely to the steep rise in the value of the Japanese yen.UPI - 39 words
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Article32 1986-08-23 12 AFP BAD and problem loans in Indonesian banks are now above the normal acceptable level of three per cent, the rhairwmn of the TralOllfiilin Banks' Association said yesterday. AFPAFP - 32 words
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Article36 1986-08-23 12 Reuter REBEL emissaries have submitted an agenda (or ceasefire talks with a government panel seeking to end the 17-year communist insurgency in the Philippines, the state-run Philippine news agency said yesterday. ReuterReuter - 36 words
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Article33 1986-08-23 12 AFP ORDERS for durable goods in the US rose 4.3 per cent in July over June, the strongest monthly increase since November, 1984, the Commerce Department has reported.AFP - 33 words
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Article57 1986-08-23 12 Reuter SRI LANKAN forces killed 10 Tamil guerillas yesterday and the country's security chief warned of a new wave of bombings in the capital as rebels denied reports of a ceasefire in the island's separatist war. The violence threatened delicate peace talks in progress with moderate TamilsReuter - 57 words
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Article53 1986-08-23 12 Reuter THE SWEDISH railways have ordered a fleet of high-speed 200-km an hour trains to go into service by 1989 to provide the world's fastest travel on conventional tracks. Swedish State Railways announced a contract for the trains from Swedish electrical manufacturer Asea at an initial cost ofReuter - 53 words
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Article54 1986-08-23 12 Bernama PARTI Bersatu Sabah Youth has adopted a resolution calling for a referendum among the people of Sabah and Labuan to determine whether they want the island to remain a federal territory. The resolution was one of six approved at the youth congress, held at DewanBernama - 54 words
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Article32 1986-08-23 12 AP THE Upper House of the Indian Parliament has passed a stringent law against dowries in an effort to stop bride burnings and suicides by distressed wives. APAP - 32 words
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Advertisement164 1986-08-23 12 Make it your Business to knqw the main issues affecting the economy by reading Singapore Business. SB's reports and analyses are the ideal monthly update for busy executives. Singapore Business is a must for doing business in Singapore, and in its NEW form, it makes it possible to stay in164 words
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Advertisement70 1986-08-23 12 AN INTERNATIONAL TRADING CORPORATION seeks University Graduate (or post of: COMMODITY MERCHANDISING TRAINEE Successful candidate will be trained to trade commodities using risk management techniques. Trainee will be working with senior traders and undergo an extensive on-the-job training programme. Trainee will gain experience in commodity supply/ demand analysis, pricing, ocean70 words
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Page 12 Miscellaneous
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Miscellaneous55 1986-08-23 12 Outlook: Showers over several areas in the late morning and early afternoon. Rep. ort for 24 hours prior to 7.30pm on Aug 22 at the oirPort: Maximum temperature 31.7 Associated humidity 67 Minimum temperature 26.0 Associated humidity 92 Hours of sunshine 8.70 Rainfall in millimetres nil Roinfall this month 86.055 words
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