The Business Times, 20 September 1986
1986-09-20
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The Business Times
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Title Section12 1986-09-20 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, SEPTEMBER 7M, 1986 75 CENTS12 words
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612 1986-09-20 1 CHAN OI CHEE - Interim group pre-tax loss of 13.2 m By CHAN OI CHEE LEADING civil engineering group Lee Kim Tah Holdings (LOT) has encountered unforeseen difficulties in one of its major housing projects. Consequently, the company, which obtained a listing on the612 words
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489 1986-09-20 1 LOH HUI YIN - By LOH HUI YIN KUWAIT Petroleum Corporation, regarded as the 'eighth sister' in the oil industry, is expanding its operations in Singapore. In a two-pronged strategy, it has just started selling products for marine bunkering and has made applications to sell aviation fuel at Changi489 words
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Article62 1986-09-20 1 PRIME MINISTER Lee Kuan Yew held private talks with French President Francois Mitterrand yesterday for about 45 minutes at Changi Airport. Mr Mitterrand was on his way home after a four-day visit to Indonesia. He had cancelled a trip to Bali to rush home for an urgent62 words
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230 1986-09-20 1 AN APPEAL against the order to wind up People's Park Chinatown Development Pte Ltd, one of Ho Kok Cheong's companies, has been filed and will be heard on Sep 26. Judicial Commissioner Chan Sek Keong was told this in the High230 words
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126 1986-09-20 1 SINGAPORE and Indonesia have agreed on a draft agreement (or the avoidance of double taxation and prevention of fiscal evasion, according to a joint press statement issued in Jakarta yesterday. This followed negotiations held in Jakarta from Sep 15 to 19. The Singapore126 words
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461 1986-09-20 1 Reuter JAPAN yesterday delivered a promised package to boost economic demand but domestic and overseas critics promptly complained that it had not done enough. Though the eight-point programme was larger than expected, both western diplomats and Japanese buslwireii said that it would not putReuter - 461 words
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Article, Illustration240 1986-09-20 1 THE SINGAPORE stock market succumbed to renewed rumours of a ringgit devaluation late yesterday to finish lower across the board. Prices had meandered sideways most of the day after a firm opening. Although there was some late selling, turnover was light with only 12.59240 words
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485 1986-09-20 1 ANNA TEO - By ANNA TEO DRESS: running shorts and vests. VENUE: National Stadium. The gathering of chief executives tonight will be no shirt-and-tie affair. The clinched deal worth more than $50,000 did not result over cocktails either. It calls for some sweat over a few laps round485 words
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Page 1 Advertisements
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Advertisement143 1986-09-20 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM t: sTr WORLD'S FIRST CERAMIC WHISKER AND CARDON COMPOSITE HEAD OVER s°o GREATER CARRY Superior responsiveness plus unmatched durability. Without the need for a separate clubface insert, there is no loss of internal energy when the club comes in contact with the ball. The143 words
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Advertisement261 1986-09-20 1 mm SHARE INFORMATION MONEY* EXCHANGES RAW MATERIALS TV RADIO OUR VIEW SELF-HELP IS THE ESSENCE of the new directions we hove embraced. A consumers' association is a symbol of self-help, of private individuals being able to look after their own interests. It is time for Case to step forward and261 words
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Advertisement154 1986-09-20 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Data* of pTfcago, Paga 3 FuM report, Pag* 10 Asian stocks, Pago Intl stocks, Pago A WHOLE WORLD OF OPPORTUNITIES I At Banque Indosuez, we've been serving Singapore as far back as 1905. Our office is part of a vast Asian and 1 Australasian154 words
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HOME NEWS
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Article, Illustration563 1986-09-20 2 LUCY NG - NEW WORLD INQUIRY By LUCY NG He Commission of Inquiry Into the New World disaster seeks to determine the causes of the ftihtpt of the six-storey building and rwommend measures to prevent a similar occurence. Ite commission is headed by Mr Jnstice L563 words
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Article484 1986-09-20 2 THE BOARD of Architects deregistered K N Lekshmanan, Lian Yak Building's engineering consultant, because he accepted a monthly salary and a share of the profits made by an unqualified architect Yeo Cheng Chua in return for plans prepared by Yeo, the Commission of Inquiry into the collapse484 words
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Article204 1986-09-20 2 SINGAPORE shoemakers will put their best shoes forward at an International Footwear Fair in Dusseldorf starting today. They will join 791 footwear manufacturers from 35 countries who will present their collections for Spring/Summer '87. Some 30,000 buyers from all over the world are expected at204 words
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Article164 1986-09-20 2 THE FIFTH Singapore International Furniture Show will be held next month to push home the message that Singaporemade furniture pieces are as good as, if not better than, the Imported products. Mr James Koh, first deputy chairman of the Singapore Furniture Industries Council (SFIC), said it will164 words
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170 1986-09-20 2 WHAT'S round and bad-tem-pered? Which dog has no tail? If an ant took its own life what would that be called? How many ways can you bend your face? A children's calendar "My Fun Calendar 1986" carrying such intriguing questions and published170 words
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348 1986-09-20 2 EMPLOYERS have been asked to consider providing more employment opportunities for old people, now that the economy is showing signs of recovery. The Minister of State (Community Development), Mr Ch'ng Jit Koon, yesterday said the Committee on Problems of the Aged headed348 words
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Article129 1986-09-20 2 MORE THAN 300 businessmen from the Chinese Chambers of Commerce and Industry in Singapore and Malaysia held their annual meeting yesterday to exchange information on their respective countries. At the end of the 10th Annual Business Dialogue, the group released a joint communique that expressed their wish129 words
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343 1986-09-20 2 VANDALS chalked up a $6.5 million bill for the Housing and Development Board for repairs and replacements of lifts last year. Besides spending some $5 million a year in replacing lift car cages mostly damaged by urine corrosion, acts of vandalism and misuse343 words
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112 1986-09-20 2 JOHN UM KOK MIN, the divisional general manager and director of Cold Storage Manufacturing, has been appointed the Singapore coordinator for the Singapore-New Zealand Agreement for Industrial, Technological and Scientific Cooperation. The agreement, which was signed in March 1976, seeks to promote the112 words
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Article133 1986-09-20 2 THE MINISTRY of the Environment will shift to the new Environment Building at 40, Scotts Road, by the end of this month. The shift will be in two phases. The sewerage, drainage and pollution control departments of the ministry will move from the World Trade133 words
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Article85 1986-09-20 2 THE ENVIRONMENT MINISTRY has no plans to introduce unleaded petrol in Singapore, contrary to a BT report entitled 'Lead substitute plant gets top priority* on Sep 18, which said that the government would eventually do so. We apologise for the error. JURONG ENGINEERING Ltd has clarified that85 words
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Article, Illustration412 1986-09-20 2 THE BIRTHDAY PRESENT came two weeks early but Mr Yang Wah Kiang, the first-prize winner of the BT/Cartier Go for Gold price fixing contest, is not complaining. "One of my staff put in the answer and told me it would be my birthday present if412 words
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Article968 1986-09-20 2 AT CONVENTIONAL WHARVES P Sumatera Mogo 21 Sfcogo 22 Pratiwi Sh Uku MIA alongside MIB alongside 20.9/2300 209/15a 20.9/070C 209/2300 20.9/2300 KEPPEL WHARVES Birth Arrival D^uro M2 alongside M4A 20.9/0700 M4B 209/0700 Afc Refconc« KI8 alongside 20.9/2300 SEMSAWAMG Fengchi Koto Wirowon Onfce S'them Glory Arrow Prince Auby968 words
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ASIA-PACIFIC
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485 1986-09-20 3 Bernama ES MALAYSIA'S industrial master plan (IMP) should be regarded as a long-term rolling plan which should be continuously reviewed and updated to accommodate the ever changing economic environment. "What is more important is the fact that inherent problems in the manufacturingBernama ES - 485 words
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250 1986-09-20 3 MALAYSIA'S gross domestic product (GDP), in constant 1978 prices, shrank by one per cent in 1965 as against a growth of 7.8 per cent a year earlier, the Statistics Department reported yesterday. In current prices, the GDP the witn of goods and250 words
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Article, Illustration568 1986-09-20 3 NYT PRESIDENT Corazon Aquino has said that she would continue negotiating with communist insurgents in the Philippines, but would not hesitate to take up the sword of war if the talks (ailed. Her remarks; in an address to a joint meeting of Congress inNYT - 568 words
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572 1986-09-20 3 Reuter THE GOVERNMENT has announced a package of economic measures to aid manufacturing industries hit by the yen's sharp rise and to expand domestic demand to help reduce Japan's large trade surplus. The highlight of the eightpoint package, the third ofReuter - 572 words
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330 1986-09-20 3 AFP THE Australian Mining Industry Council (AMIC) has endorsed the government's decision to relax export controls on coal, bauxite, alumina, tungsten and crude oil. The decision to drop prior approval requirements for coal price negotiating levels could lift Australian coal exports by 15AFP - 330 words
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Article366 1986-09-20 3 AFP THE JAPAN External Trade Organisation (Jetro) has called for direct investment and technology transfers for developing countries to foster their exportoriented industries. The government should also take measures to step up imports of manufactured products from industrial nations to defuse trade frictions, especially with theAFP - 366 words
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263 1986-09-20 3 AP ELEVEN HONGKONG legislative councillors have discussed safety and management of a controversial Chinese power plant with a Chinese delegation headed by Zhou Ping, the viceminister for nuclear industry. Maria Tam, one of the lawmakers, told Hongkong Journalists after the meetings on Thursday that theAP - 263 words
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366 1986-09-20 3 BRIAN GOMEZ - By BRIAN GOMEZ THAILAND is concerned that improved ties between the Soviet Union and China "may cause China to drop demands over Vietnamese withdrawal from Kampuchea", according to an expert on Russian foreign policy. Initiatives made by Soviet leader Mikhail Gorbachev to improve ties366 words
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239 1986-09-20 3 AP A DECISION to permit US bases in the Philippines under formal treaty represents the latest setback suffered by members of a constitutional commission seeking radical reform in the wake of last February's revolution. The commission voted 26-15 on Thursday to include an articleAP - 239 words
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Article749 1986-09-20 3 Oporotor ARRIVALS Sorvico Local From KAL KE623 Hmo 0015 KUL RJ RJ183 0600 AMM CAL C1334 0620 BKK/HKG/TPE OA UA806 0715 HKG/SFO/** MAS MH602 0745 KUL RA RA408 0600 BKK/KTM SIA SQ62 0615 BKK GtA GA96I 0630 CGK SIA SO 104 0630 KUL StA SQ58 0630 HKG/TPE749 words
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Page 3 Advertisements
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Advertisement32 1986-09-20 3 I The business person's choice, every Tuesday, Thursday, Saturday and Sunday. Leaving Changi Airport at 22:00 hours and arnving at Heathrow Air Canoda at *****55 or your Travel Agent. AIR CANADA (S)32 words
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Page 3 Miscellaneous
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Miscellaneous64 1986-09-20 3 Doonesbury ...AND GOD CAME TO ME IN THE NIGHT, AND AFTER UJE HAP EXCHANGED PLEASANTRIES, HE SAID, "PAT, IVSTIMETO cpysmtiiE YOUR DECISION.'' m m HIS COMMENT, HOWEVER, UUAS NOT FOR ATTRIBUTION. GOP WAS SPEAKING ON BACKGROUND. m m 1 BY GARRY TRUDEAU UM...MHOM should me SOURCE IT TO, THEN, SIR*64 words
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REST OF THE WORLD
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612 1986-09-20 4 Gatt 86 Punta del Este AP THE GATT trade conference moved into what delegates hoped would be its final full day yesterday with a major French concession on farm subsidies and a quick burial of the Soviet Union's bid to attend future meetings. AfterAP - 612 words
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250 1986-09-20 4 UPI THE INCREASING TREND towards concentrated ownership of the publishing industry has made North American newspapers cowardly and bland. But panelists from the InterAmerican Press Association dis- < cussing the effects of media con- centration concluded on Wednesday that they would rather read boringUPI - 250 words
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391 1986-09-20 4 AP PARIS HOTELS say that some French and foreign tourists have begun to cancel their bookings because of the current wave of terrorism. Spokesmen for the hotels said on Thursday that the French government's decision to impose visas for foreigners was the factorAP - 391 words
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293 1986-09-20 4 Reuter A GROUP OF Conservative parliamentarians and businessmen has urged the British government to become full members of the European Monetary System (EMS) by Joining the European Exchange Rate Mechanism (EERM). A paper published by the Bow Group said the price ofReuter - 293 words
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417 1986-09-20 4 NYT HOUSE and Senate leaders have reached a tentative agreement with the White House on the major elements of a package to cut the 1987 deficit by more than US$l3 billion. It includes raising about US$4 billion from catching and imposing finesNYT - 417 words
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153 1986-09-20 4 AFP WESTERN EUROPEAN record manufacturers have asked the Executive Commission of the European Community to take protectionist measures against Japanese digital audio cassettes, which they say could be used to copy the sound reproduced by compact discs, according to EC sources in Brussels.AFP - 153 words
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RAW MATERIALS
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Article309 1986-09-20 4 RAS prices in S cantVVg, FOB in k DtM NOON CLOSE Int 1 RSS Prompt 190.00 19I.00N 190 50 *****N Int J RSS Oct 86 190.00 191.00 191.00 192.00 Int 1 RSS Nov 86 192.00 193.00 192.00 192.50 Int 2 RSS OP 182.50 184.50N 183.00 185.00N Int309 words
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Article89 1986-09-20 4 (cw»WVg, 1-»o" po«*t») qcj 86 NOV 86 (current month) (forward month) NOON NOON HAS luycn S«ll«rs Buysrs S«H«rs SSR 20 168 00 170.00N 168 50 170 50N SSR 50 165.00 167 OON 165 50 167 50N MRELB Bwyws S«ll«re B«iy«n Sellers SMR CV 262.00 264 OON 263.0089 words
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Article109 1986-09-20 4 THE PRICE OF TIN SB the Kaala Lampar Tin Market yesterday rsse sae eeat to Mfl4.lt per Mto as the market extended Its •vendgkt galas m fsl-tow-thr—gh toeal, Earspeaa aad Japaaese baying. The velame sapplied was 1M toaaes, aaehaaged frsm Tkarsday. Aeeerdiag to dealers, prices are likely to109 words
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Article296 1986-09-20 4 Reuter SINGAPORE The market closed slightly higher yesterday with October One RSS buyers quoted at 191.00 cents per kilo, up 0.50 cent from Thursday. The morning session ended 0.50 cent lower after long liquidation erased early gains brought about by some buying interest following higher overseas advices. Prices recoveredReuter - 296 words
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Article214 1986-09-20 4 MALAYSIAN crude palm oil prices yesterday closed higher on late covering and speculative buying in line with firmer palm oil futures, as sentiment was lifted by talk that India may have bought two 5,500-tonne cargoes RBD palm olein for Oct/Nov shipments at its weekly tender. The market was214 words
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Article67 1986-09-20 4 Bangkok Broken Rice 128 125 (US$/tom», FOB) A-1 Super A-1 Speaal White Rice C-l Special C-l Ord unq unq 100% 1st class 255 100% 2nd class 220 Loonzoin Rice 100% 3rd class 215 100% 1st grode S3 5% 10% 205 200 100% 2nd grade 100% 3rd grade unq 15%67 words
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Article152 1986-09-20 4 Chinese Produce Exchange Sellers' noon dosing prices on Sept 19 (SV100 kg). Coconut oil Bute FOB 40 00 Old drum FOB 53.00 New drum FOB 57.00 Copra Mixed (loose) >9 buyers Pepper Muntok Whrte FOB NLW 1365 00 Sarawak White FOB faq NLW 1350 00 Sarawak soeaol block152 words
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Article184 1986-09-20 4 Reuter WHEAT FUTURES on the Chicago Board of Trade closed lower on Thursday, falling 3-1/4 US cents to 1/2 cent a bushel. September lost the most, coming under pressure in response to deliveries, with more than 500,000 bushels stopped by weak hands on Thursday after a commercial put outReuter - 184 words
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Article589 1986-09-20 4 Reuter COFFEE Robusta futures on Thursday closed unchanged to £5 a tonne above Wednesday after profit-taking drove prices down to near the day's lows at the close. The market also saw repeated chart rallies which took prices to the day's high of £2,510 early on Thursday afternoon beforeReuter - 589 words
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Article97 1986-09-20 4 OIL PRODUCTS THE FAR EAST petroleum products market was quiet with gasoil slightly firmer again but fuel oil and kerosene weak. Gasoil prices rose on demand from China, Australia and Iran. Fuel oil and kerosine both fell on expectations of better supply. Closing prices for crude (fob origin) US$/borreJ Chang*97 words
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Article177 1986-09-20 4 Reuter SOYBEAN FUTURES on the Chicago Board of Trade closed higher on Thursday, ranging 11-1/4 to 3-1/2 US cents a bushel higher. September led the advance with support from supply concerns as old crop supplies are tight and rain is delaying the new crop harvest, according to traders. CommercialReuter - 177 words
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BANKING AND FINANCE
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641 1986-09-20 5 MBT THE READINESS of a significant number of international banks to take part in the US$35O million (about Ms9lo million) syndicated loan for Malaysia is considered a sign of confidence in the the economy. The loan has been oversubscribed, to about US$5OO million.MBT - 641 words
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460 1986-09-20 5 NST VENTURE CAPITALISTS in the region should consider diverting their funds to other areas because of the lack of suitable high-technol-ogy and innovative industries in which they can invest. According to Richard Eu, the managing director of Intervest Capital Management PteNST - 460 words
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226 1986-09-20 5 AP THE FORMER chief dealer of Soviet bank Wozchod Handelsbank pleaded guilty in a Zurich court on Thursday to charges that he was responsible for the liquidation of the bank last year. Werner Peterhans, 38, said his miscalculated moves led toAP - 226 words
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424 1986-09-20 5 MBT BANK BUMIPUTRA Malaysia will soon appoint two new chief general managers one to fill a vacant post and the other a newly-created post to increase the total number of chief general managers from the present two to three.MBT - 424 words
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Article143 1986-09-20 5 AP CHINA will continue to reform its financial system over the next two years, the president of the People's Bank of China was quoted as saying. Chen Muhua said China plans to establish a more forceful and flexible banking system that will promote the raising andAP - 143 words
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381 1986-09-20 5 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent A MAJOR Japanese food company, Q P Corporation, is raising US$7O million in the Asian dollar and Eurocurrency markets through the issue of an eq-uity-linked bond. The five-year bond, with equity warrants, bears an interest rate of 2381 words
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416 1986-09-20 5 FT THE BANK OF England has discreetly moved to punish three British banks which defied its wishes and participated in a US$2OO million floating rate note for the Bank of China earlier this year. In what amounts to a rap across the knucklesFT - 416 words
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MONEY AND EXCHANGES
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Article733 1986-09-20 5 Reuter SINGAPORE: The US dollar closed mixed yesterday against most major currencies after fluctuating uncertainly on short-cover-ing and selling in thin trading. Dealers said the dollar's sentiment remained bearish after US Treasury Secretary James Baker's remarks that the US currency would have to weaken further in order toReuter - 733 words
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Article52 1986-09-20 5 RESULTS OF TENDER held on Sep 19 for 91-day bills to be issued from Sep 22 to 24 and Sep 26: Offered: $120,000,000 Applied tor: $451,360,000 Allotted: $120,000,000 Accepted bids: $99.52 approximately 33 per cent, higher bids in full. Average rate sf dfeeeaat m allatmeat: 1.885 per cent52 words
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Article240 1986-09-20 5 Interbank rates at 3pm yesterday: Locol dollars to Oft# tfflft of f Of ***** Md Offer c ctange cyrroficy: US dolor 2.1620 2 1635 ***** -23 32 Sterkng pound 3.1954 3.1998 7 3469 -56 51 AastroUan dollar 1 3534 1 3565 ***** -60 53 NZ dolor 1 0215240 words
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Article123 1986-09-20 5 THE OVERNIGHT rate on the Singapore interbank money market closed at 2 1/2 per cent yesterday, up 1/2 point from Thursday. The one-month term rate rose 1/16 point while the two- and three-month rates were unchanged. S$ Interbank rates at 7pm yesterday: OHw hi Overrwght 2 1/2 2123 words
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Article, Illustration342 1986-09-20 5 Asian ASIAN DOLLAR DEPOSIT rates yesterday closed mixed. Short-dates were lower at the outset due to a weaker US Fed funds rate. Thereafter weekend fell a further 1/4 point to close at 5-3/4 5-5/8 per cent due to lending interest but week fixed firmed 1/8 point to end at 6-1/8342 words
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Article529 1986-09-20 5 BA Futures DECEMBER BmMltt yesterday gapped sharply lower at 93.79 In Simex after Thursday night's sharp decline on the Chicago Mercantile Exchange. Following the opening, the market edged up marginally to 93.82 where good resistance could be found in a still bearish market. Liffe session saw the market harkingBA Futures - 529 words
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Article193 1986-09-20 5 HONGKONG: The market was closed yesterday. TOKYO: Yen-denominated gold futures yesterday closed marginally higher in slow, eventless pre-week-end trading, dealers said. Current September rose four yen/gram to end at 2,079 yen. Daiwa Kikinzoku KK, a subsidiary of Daiwa Securities Co Ltd, has started trading on the floor as a193 words
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TIME-OFF
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Article512 1986-09-20 6 A MUCH-NEEDED dose of new blood has been injected into the Consumers Association of Singapore with the inclusion of businessmen Jopie Ong and Robert Kwan in its governing committee. In the 15 years since Case was founded by the labour movement, the Singapore consumer has512 words
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Article, Illustration932 1986-09-20 6 ZHOU MEI - By ZHOU MEI Title: Spectrum of Chinese Culture Author: Lee Slow Mong 262 pp; hard cover; price: $49.00 Published by Pelanduk Publications (M) Sdn Bhd Available in Singapore at Times The Bookshop from Sep 27, 1986 THERE ARE four classes of people in932 words
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Article269 1986-09-20 6 THE NAME IBM is synonymous with computers and general office equipment. That is, with everyone who buys and uses its machines. Apparently, IBM itself prefers to use other makes of office machines such as the NEC facsimile. This was candidly revealed to Zephyr by an IBM269 words
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Article1248 1986-09-20 6 What's on from Sep 20-26 w CONCERT: SSO Open Air Concert. Botonic Gardens. 6pm. Free. Dencee of Km Orient *88. Kalang Theatre, torn. Presented by trie National Theatre Chinese Dance Company. Tickets at usual booking centre. JAZZ FESTIVAL: Annie Whitehead Band (UK) and Sustenance (New Zealand). Singapore Conference Hal.1,248 words
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Article, Illustration113 1986-09-20 6 THE MASTER of Chinese fin-ger-painting, Wu Tsai Yen, celebrates his 75th birthday this yaar. As a tribute to his work, the Collector's Gallery is presenting an sxhibition of a collection of the master's finger-paintings, starting today at #02-23, Raffles City. Since having his works exhibited in the113 words
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Article, Illustration423 1986-09-20 6 Mike Thumba - Bridge By Mike Thumba THE ABOVE HAND was played in a championship match and we shall discuss how one declarer made the grand slam contract while the other lost. The careless declarer took the diamond jack lead in his hand with king, played his spade ace423 words
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SPORTS
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336 1986-09-20 7 AP EVEN in the high-speed world of Formula One motor racing, Nigel Mansell's sudden acceleration to the front in the past year has been breathtaking. Going into the Portuguese Grand Prix at Estoril tomorrow, the 31-year-old Briton heads the drivers' championship byAP - 336 words
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Article, Illustration309 1986-09-20 7 UPI IN SPITE OF the absence of some socialist countries, the 10th Asian Games opening in Seoul today will be the largest Asiad ever held. Dr Lee Ha-Woo, secretary general of the Seoul Asian Games Organising Committee (Sagoc), said in Seoul yesterday, "ItUPI - 309 words
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209 1986-09-20 7 AFP DIEGO MARADONA, captain of World Cup champion Argentina, wants to play in English football, a British newspaper disclosed on Thursday. The Daily Mirror quoted the Naples midfield genius as saying he had three options once his contract with the Italian club endedAFP - 209 words
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543 1986-09-20 7 BRIAN MILLER - By BRIAN MILLER IT IS A KNOWN FACT that jockey Subian Dalwee doesn't squander winning chances. The veteran rider is a "trier" in every sense of the word and he has always given punters a run for their money. However, Subian has543 words
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Article, Illustration402 1986-09-20 7 UPI THE TENNIS-MAD West German public is threatening to smother national treasure Boris Becker with admiration and expectations. The teenage Wimbledon champion, a surprise loser in the second round on Wednesday of the U*****,000 West German open, says he cannot fight off crowds, win hisUPI - 402 words
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252 1986-09-20 7 ANNA TEO - By ANNA TEO IT HAS YET to be formed, but the first task of the Triathlon Association of Singapore has already been spelt out. The custodian-to-be of a growing band of new-breed super-fit athletes will try to send four Singaporeans to the World Sprint252 words
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Article146 1986-09-20 7 THE NETS are up! The lines drawn and it's all systems go for the four-day Qantas Cup tennis tournament between the Singapore Australian Business Council and the Australian Alumni Association. Altogether, 32 players will represent the two organisations and the matches will begin this afternoon at the146 words
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Page 7 Miscellaneous
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Miscellaneous1142 1986-09-20 7 to qhd mm SATURDAY NIGHT MOVIE Running Out 11.20pm, Channel 5 Elisabeth St Claire, American-born daughter of French immigrants, returns to New York from Paris to serve as interpreter for an influential French businessman. At the same time, she sets out to re-acquaint herself with her ex-husband and daughter. Deborah1,142 words
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Miscellaneous21 1986-09-20 7 LOOKS UWE.OCJNG p\ soofccneG NOW TH€» I GOT e.v€^V T H f s, G'" fffl P\Th HeLmG.T.. noSQuITD NCX... FuY Su)P<T....21 words
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Miscellaneous756 1986-09-20 7 CRYPTIC PUZZLE ACROSS 9 The dear prior, lost in thought (9) 10 Given a hand when leovrtg? (6, 3) 12 Reody to cot, is corned out (4) 13 Fast getting light by half five (6) 14 Meet at, roughly, ahout one and about four (3-4) 15 How you were told756 words
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INTERNATIONAL STOCKS
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202 1986-09-20 8 Reuter BANKAMERICA CORP is urging US regulators and their counterparts overseas to investigate the sources of what it calls false and malicious rumours about the corporation that have been circulating in financial markets over the past few days. The bank holding company said onReuter - 202 words
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Article83 1986-09-20 8 UPI THE AUSTRALIAN brewer of Fosters Lager has agreed to buy Courage Ltd, one of Britain's largest breweries, for £1.4 billion in cash from Hanson Trust. The sale to Australian Elders IXL is conditional on clearance by the Office of Fair Trading and the approval ofUPI - 83 words
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160 1986-09-20 8 Reuter IMPERIAL Chemical Industries PLC's re-organis-ation of its chemical divisions into a single, wholly-owned subsidiary was aimed at creating a self-sustaining unit that could achieve substantial savings on overheads and operations. Chairman John Har-vey-Jones said on Thursday that the reorganisation would take four divisions,Reuter - 160 words
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301 1986-09-20 8 Reuter WALL STREET stocks took a rollercoaster ride on Thursday, closing mixed in moderate trading. One analyst said the past week's action made investors feel they had their pockets picked, and now they are searching (or balance in a market nervous over the impactReuter - 301 words
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Article136 1986-09-20 8 sir it Abrtto C$ 23 Imp 01 a A Inco Int Pro* Pipe lu till 45* 18 41* 19* unch Algomo SK 13*4 unch unch Kerr Addoon 16* II* Bonk Of Montreal 31* 37* Mc BkxM Mohon A 35* 25** unch Bp Resource* Brascan A Canadian Imp Bank Conpoc136 words
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Article210 1986-09-20 8 SEP IS (and Trust Bk 145 65 -2 unch MDUSTVIALS Woottru 1475 25 A Alpha Abercom 1100 290 unch 10 MININGS 25 Aeci 1350 25 Ariflvool ***** Amoprop AMtC 425 5300 2065 100 5 f*yvoor Butt eh 2450 ***** unch inch -20 C G Sr™th CKA 2975 280 25210 words
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Article428 1986-09-20 8 UP is US$ 24H 7* 14* NCR Corp 49* -1* ...31* FMC Cp 16* 60 1 38* Ford Motor Norfoti Altg Ind AM Sag 20* 40 FreiiiauJ Cp 47* unch 19* AM Stores 58 41 Ala-Chalmers 2* 38* Am Brandt Inc 82* 28* Am Can Co Am Cym428 words
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Article879 1986-09-20 8 Amsterdam SEP It Fb ABN 549 00 -2 5 Aagon 97 00 2 5 Ahotd 9100 -1.7 Akio 151 90 -39 Akanto 151 90 -04 AAAEV 74 00 -0 2 Ami o Bonk 9590 -1.1 Au Stod 124 50 1 37 00 -1 5 Bonum* Bufl ii iot879 words
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Page 8 Advertisements
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Advertisement526 1986-09-20 8 <S2! 3 0 if, I 91 3T35 I K ir.f> t M-S r>AH* 4S ■M ft Baron's Table Sunday Brunch... you'll 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 $25.50526 words
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Advertisement130 1986-09-20 8 London stocks on Pago 11 That's how we count at The Lounge during our Happy Hours from 5 pm to 7 pm daily. When a guest has had two similar drinks, the third is free. > And every night at 8 pm except Sundays. VTB Wizard comes on with its130 words
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ASIAN STOCKS
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Article93 1986-09-20 9 Reuter SHARES of Chrysler Corp of the US began trading on the Tokyo Stock Exchange yesterday. Frederick Zuckerman, vice-president and treasurer, said that most foreign companies listing their stocks in Tokyo offered new shares, but Chrysler would maintain its outstanding shares at 147 million. He saidReuter - 93 words
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Article475 1986-09-20 9 TOKYO; Share prices closed marginally higher yesterday but lost some early gains as investors waited to see Wall Street's next direction and took profits ahead of the weekend. The market average closed 45.10 higher at 17,523.45 after gaining 141.73 on Thursday. Turnover was a light 480 million shares, and475 words
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Article407 1986-09-20 9 SYDNEY: Australian share markets yesterday closed strong in heavy trading on selective buying in the gold and industrials sectors. Herald and Weekly Times dominated trading after another large parcel of 4.1 million shares was traded at A 56.50 per share. The parcel brings the total two-day turnover of HWT407 words
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Article65 1986-09-20 9 S£P 19 P«o. MaritMl Orwntal 8 Phi Ovanaat 0015 0 016 unch uncti Acoja M**ng Anglo PHI *****-0 0006 PW« 8 0 38 4-0.02 PLOT 267 50 17.5 70 2 0 0055 +0 0005 001 0001 Banguat Con. B 114 +7 Sim* Darby »8 50 15 First Phi HUgt65 words
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Article151 1986-09-20 9 Reuter BANGKOK: The Securities Exchange of Thailand Index added 0.86 to 159.72. Turnover amounted to 506,429 shares valued at 95.6 million baht. Reuter The Hongkong, Korean and Taipai market» war* cloaad yaatarday. SEP 19 lafcti Smm Camant 717 S<om Gtuara Ao Khom Thoi Siom On ant 156 4-1 LeovngReuter - 151 words
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Article143 1986-09-20 9 UPI MAJOR JAPANESE beer manufacturer Sapporo Breweries is recalling some six million bottles of beer tainted with lactic bacteria after customers made complaints, a company spokesman said on Thursday. Following a company investigation of the complaints, it was found that beer manufactured between late August and earlyUPI - 143 words
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189 1986-09-20 9 Reuter THE China National Arts and Crafts Import and Export Corp, a major China state-owned trading company, is planning a US$5O million syndicated loan. Sources cloae to arranger Takugin International (Asia) Ltd said yesterday that the loan is in four tranches. The first tranche ofReuter - 189 words
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Article46 1986-09-20 9 AP HONGKONG'S fledgling airline Dragonair has applied for licences to operate scheduled flights to 14 Chinese cities. If approved, it would enable the airline, chaired by tycoon Sir YK Pao, to operate daily flights to Harbin, Wuhan, Kunming, Chengdu and Lhasa. APAP - 46 words
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427 1986-09-20 9 Reuter INVESTORS IN the Tokyo stock market might be wise to prepare themselves (or an erratic ride over the next few weeks if recent ups and downs are any indication of things to come, analysts say. In the first 20 days of August the 225-shareReuter - 427 words
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317 1986-09-20 9 Reuter SONY CORP lowered the estimate of its group net income in the fiscal year ending October 31 to 46 billion yen from the June forecast of 53 billion yen, a company official has said. The new projection puts its net profitReuter - 317 words
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87 1986-09-20 9 Reuter SHARES of Dairy Farm International Holdings Ltd are expected to begin trading on Dec 3, according to a financial statement on the spin-off of the group from Hongkong Land Co. Hongkong Land announced earlier this month an offer to shareholders ofReuter - 87 words
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Page 9 Advertisements
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Advertisement188 1986-09-20 9 V I io wlae, dlit« aatf eaMi) Start of A New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood, Gado Gado. Sate (Satay). spicy Rendangs, Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half the experience. The other half is188 words
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Advertisement133 1986-09-20 9 55 1 übertug (H)rill A Ml 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, Sl2 for133 words
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Advertisement156 1986-09-20 9 S3 If w vX Peranakan Buffet Sept 1 30 Lunch Dinner Adult: $12.00** Child: $7.50** High Tea Buffet Daily 3pm 6pm Only $6 EiccKior Hotel 5 Coleman Street. Singapore 0617. Tel: *****33 lllT [ujIuJIHIA DLkjkl MAmltAM>ltlll exclusive rooi memoersmp for only $15 a month Fof as k>w as $15 a156 words
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Advertisement102 1986-09-20 9 THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon at an ungourmet price* For starters, lake your pick of our cold dishes prawns on ice. fresh oysters, smoked salmon, melon and dried ham. vegetable ternne mixed seafood salad, cooked assorted vegetables and homemode dressings Setect your main102 words
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Advertisement131 1986-09-20 9 2 TOP BANDS nightly VMortPopu* S HOT DISCO COUNTRY SENTIMENTAL POP ROCK* and you name it!! Singapore s very own Slim Whitman with country favourites and Happy Hours: 12 noon 7pm Buy one get one premium Drands) CAIRNHILL HOTEL 19 Cairnhill Circle. S pore 0922. Tel: *****22 ST? m Mi131 words
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SHARE INFORMATION
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Article, Illustration4214 1986-09-20 10 SHARE PRICES closed slightly lower across the board yesterday after drifting featurelessly throughout the day. However, the opening was strong. Trading was quiet with only 12.59 million shares valued at $24.23 million changing hands compared with Thursday's 17.36 million units worth $25.784,214 words
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Article252 1986-09-20 10 SINGAPORE Rises Indies* H Mm 550 +250 rrciMiiiii Sop 18 701.17 us AIm HU»i 50« 200 40 »T todicour ***************9 Paok HM 140 ♦9 8T08/0S -281 -444 1 Kykoi Mm 50« 124 +6 rrouM -6540 -6631 M limiit 675 5 8T08V -4271 -***** M Hoar 250 5252 words
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Article3272 1986-09-20 10 BID and offer prices officially f listed and business in and re- ported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units 1 unless otherwise specified. AD Time Settlement Contracts are quoted after3,272 words
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Page 10 Advertisements
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Advertisement11 1986-09-20 10 KL market report, Business dons on ths KLBE, Bss page 1111 words
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COMPANY NEWS
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445 1986-09-20 11 CHAN OI CHEE - By CHAN OI CHEE SHARES OF Yeo Hiap Seng Ltd and its Malaysian associate Yeo Hiap Seng (Malaysia) Bhd yesterday closed easier without signs of panic selling when they resumed trading after a oneday suspension on the Singapore and Malaysian stock markets. On445 words
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LATEST RESULTS
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Article77 1986-09-20 11 Group after-tax profits of M 55.37 million ($8.62 million) on a turnover of $65.1 million ($85.7 million) for the first six months of this year. Operating profits stood at $8.3 million ($l3 million). Directors announced an interim dividend of 4 per cent (less 40 per cent77 words
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Article69 1986-09-20 11 Group after-tax profits of MJl.l million (12.06 million) on a turnover of $8.96 million ($lO.Ol million) for the six months ended June 90, 1966. The group said that its results were adversely affected by low FFB selling prices and the depressed property market. The directors do not69 words
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562 1986-09-20 11 AMY CHEOK - By AMY CHEOK THE CANADIAN Belzberg family has increased further its stake in Exco International PLC to 9.8 per cent, just 0.2 per cent short of the level which would nullify the standstill agreement between the London-based international financial services company562 words
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398 1986-09-20 11 CASH-STRAPPED Van der Horst Ltd is to get an immediate injection of funds totalling $3.3 million from Associated Management Services (AMS), a company in which Mr Edward Goh is deemed to have a substantial interest. Mr Goh is the chairman of398 words
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Article2136 1986-09-20 11 BID and offer prices officially listed and bnrtnf In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. MDUSTRMLS Ate.Bn.oto (3028 310S) Alcorn (70S) (6) 71 AISB (18)2,136 words
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Article270 1986-09-20 11 ALEXANDRA HtHUgl Limited: AGM at 255 Alexandra Road, Singapore 0315, today at noon. JACK CHIA Enterprise* (Malaysia) Berhad: 59th AGM at Conference Room, (Serunal 1 A 2), PJ Hilton, Nunber 2, Jalan Barat, PetaUng Jaya, today at Ham. RALEIGH Berhad: 18th AGM in the Board Room, 5th Floor,270 words
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503 1986-09-20 11 BUYERS made a fast retreat in spite of an encouraging start on the Kuala Lumpur stock market yesterday with share prices which had gained ground in the morning slipping lower by late afternoon. The lack of followthrough support indicated uncertainty on the part of503 words
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Article1052 1986-09-20 11 LONDON stocks opened lower yesterday as worries that UK clearing bank base rates might be forced up by recent sterling weakness spread through the market, dealers said. By I.oopm, the FT 30 Index was down 10.1 points to 1,269.5 while the FTSE 100 Index was down 13.2 points1,052 words
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Article103 1986-09-20 11 HONGKONG Hongkong Index Friday closed Thursday 1212.55 Week ago 1237.55 Hong Song Index Friday dosed Thursday 1925.82 Week ogo 1966.33 All Industrials Friday 1899.3 Thursday 1887.0 Week ago 1944.5 NEW YORK Dow Jones Thursday 1774.18 Wednesday 1769.40 Week ago 1792.89 TOKYO Nikkei Average Friday ***** 45 Thursday *****.35103 words
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Article234 1986-09-20 11 Monogcrs' prices for S«p 20 22 Singapore Unit Trust Tha Commute* 0.89 0.96 Tha Sovrtgs Fund 0.79 0.85 S'pora Prog Fund 0.35 0.39* S'port S«c Fund 0.60 0.65 S'pora Invnt Fund 0.63 0.68 S'pora Equity Fund 0.44 0.48 Asia UnH Trust Mat Invest Fund 1.25 1.35 Mol Prog234 words
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Page 11 Advertisements
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Advertisement226 1986-09-20 11 gHJggS IN THE MATTER OP THE COMPANIES ACT, CHAPTER )K AND IN THE MATTER OP PROFESSIONAL LEARNING SYSTEMS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of The Companies Act, Chapter 185, that the Final Meeting of the members of the abovenamed company226 words
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Advertisement260 1986-09-20 11 awamassr (la Creditor*' VataaUry NOTICE OF FINAL [M > 'i.i m* i m i K (Paraaaat to Becttoa M8(l)) NOTICE IS HEREBY GIVEN in pursuance to Section 308 (1) of the Companies Act, Cap. 185, that a general meeting of the above named company and of its creditors will be260 words
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Article, Illustration483 1986-09-20 12 Rumours of unrest dismissed Reuter PRESIDENT SUHARTO of Indonesia yesterday denied that popular unrest had erupted after last week's 31 per cent devaluation of the rupiah and lashed out at critics, challenging them to prove that prices were soaring uncontrollably. The presidentReuter - 483 words
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491 1986-09-20 12 BRIAN GOMEZ - By BRIAN GOMEZ Regional Correspondent INDONESIA'S 31 per cent devaluation of the rupiah against the US dollar would "prolong the recession, unless exports can really go up," Prof Mohammad Sadli, a former Indonesian Cabinet Minister said yesterday. Speaking at a breakfast meeting of the491 words
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96 1986-09-20 12 A FORMER Singapore Airlines executive, Tan Hiok Kherng, has pleaded guilty to five cheating charges involving 65,000 SIA shares worth more than (485,000. Sentence against Mr Tan, a senior systems analyst, has been reserved until today. A further 60 cheating charges96 words
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Article169 1986-09-20 12 ASEAN COUNTRIES are working together to help each other through a rough patch, Prime Minister Lee Kuan Yew told the visiting Burmese Prime Minister U Maung Maung Kha last night during a dinner speech at the Is tana. Mr Lee said all the countries169 words
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227 1986-09-20 12 ASEAN regrets the Hanoi Communique of August 18, 1906 for not showing any movement in Vietnam's position, the Minister for Foreign Affairs, Mr S Danabalan, said in an official statement recently. In his capacity as Chairman of the Asean Standing Committee, the227 words
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238 1986-09-20 12 AP PRESIDENT Corazon Aquino's government has no clear policy for combating the communist insurgency she must make up her mind soon on how to cope with the rebellion, according to the Philippine Defence Minister. Juan Ponce Enrile made the charge inAP - 238 words
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Article81 1986-09-20 12 Reuter COMEX GOLD FUTURES attracted profit-taking early yesterday after coasting up to new three-year highs on the back of a strong rally in London gold which was fanned by a weak dollar. Gold for delivery in December held a large gain of US$l2.OO at U*****.60 an ounce followingReuter - 81 words
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Article67 1986-09-20 12 Reuter WALL STREET stocks came under heavy selling pressure in early trading yesterday. Mounting concern over the simultaneous expiration of stock futures and options, and a continuing slide in bond prices reacting to a fulling dollar and rising gold prices pushed stocks lower. The Dow Jones IndustrialsReuter - 67 words
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LATE FILE
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62 1986-09-20 12 Reuter INVESTMENT in Australia was at an historic km as a proportion of Gross Domestic Product in fiscal 1985/86 ended June 30. The Reserve Bank said that business fixed investment had shown little growth since the economic recovery had begun in 1983/84 in spiteReuter - 62 words
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45 1986-09-20 12 AP THAILAND must adopt more consistent, long-term economic policies if it wishes to attract more domestic and foreign investment, according to Deputy Finance Minister Supachai Panichpakdi. He said yesterday that economic policies had been changing with each change in government.AP - 45 words
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Article38 1986-09-20 12 AFP THE 25-day campaign period (or Indonesia's coning general election will start on March 24 and end on April 17, five days before polling day on April 23, the Electoral Committee said yesterday. AFPAFP - 38 words
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Article33 1986-09-20 12 Reuter FINANCE MINISTERS and central bank chiefs of the European Community yesterday gathered in Gleneagles, Scotland, for talks against a background of uncertainty on world currency markets. RenterReuter - 33 words
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Article38 1986-09-20 12 AFP JAPAN yesterday announced widened sanctions against South Africa, saying that it would no longer issue tourist visas to South Africans. It also decided to ban imports of iron and steel from South Africa. AFPAFP - 38 words
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Article48 1986-09-20 12 AP HELPED by strong exports, South Korea's current account showed a surplus of US$532 million in August, up sharply from that of US$ll million in the same month last year. It was a favourable monthly balance for an unprecedented sixth consecutive month. APAP - 48 words
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Article39 1986-09-20 12 AP ITALY has decided on Venice as the site of the 1967 summit meeting of the leading industralised nations. Officials said that the meeting would be held in late May or early June. APAP - 39 words
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324 1986-09-20 12 Bernama THE MALAYSIAN government's proposed rescue plan for the 24 deposit-taking cooperatives whose activities it froze recently will have to wait till Rank Negara reevaluates the cooperatives' assets to include more details. Deputy Prime Minister Ghafar Baba said yesterday that the governmentBernama - 324 words
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139 1986-09-20 12 AFP THERE IS no real evidence to substantiate claims of a massive flight of capital from Malaysia, says a top central bank official. Lin See Yan, the deputy governor of Bank Negara, said that capital payments abroad were much higher during the firstAFP - 139 words
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Article103 1986-09-20 12 AP WELSH workers in Japaneseowned factories in Wales produce goods more cheaply than in Japan and have achieved higher productivity levels. According to a survey released in London, six of 10 Japanese firms in Wales said that productivity was as good or better than inAP - 103 words
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113 1986-09-20 12 Reuter MALAYSIA will install computers at 115 entry points to stem the inflow of illegal immigrants, Deputy Home Minister Megat Junid Megat Ayob said yesterday. The computers will allow speedier verification of new arrivals' identities to weed out illegal immigrants. "We will install theseReuter - 113 words
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Article171 1986-09-20 12 Stock Prico* on Prico on Prico on Woofcly M«y2($) Sop 12 Sop19<$) 0 1 change nmi H Moloysio 10.50 10.50 -5.00 -47.7 Ming Court 3.50 3.00 -0.50 -28.6 Singapore Land 2.14 5.30 4.96 -0.34 131.7 Yeo Hiap Song 1.26 2.97 2.73 -0.24 116.6 Inchcope 1.05 2.56171 words
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Article305 1986-09-20 12 INVESTORS spent several uneventful sessions watching share prices drift lower at the Singapore stock exchange this week. With very little in the way of good news to help bolster sagging sentiment, market participants chose to stay on the sidelines, unwilling even to be drawn into the305 words
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245 1986-09-20 12 Reuter THE KUALA LUMPUR Commodity Exchange is finalising plans for cross-trading and joint clearing with rubber futures markets in London, Tokyo and Kobe. Futures contracts for tin, palm kernel, processed palm oil, cocoa and a stock index will also be introduced inReuter - 245 words
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Page 12 Advertisements
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Advertisement0 1986-09-20 12 $.*/}"'{<@,-\!}?/<=$|`=%]]&/:]`0 words
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Advertisement55 1986-09-20 12 ProskSont Aquino to continuo talks with insurgents, Pago 3 n EDB turn s TITIE-T]a Interview with EDB chairman Philip Vm Profiles of the EDB offshoots JTC,SIIIII, NPB, DBS and Sisir Housing loans: More paths to that dream-house NUDC revisited: Maid-in-Singapore is best, suggests a working woman Life on Pulau Nujong:55 words
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Page 12 Miscellaneous
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Miscellaneous13 1986-09-20 12 maetjaaa nmmet MIMM Rainfall in mUfawti Roinfoll rtm month Rainy days this mo<13 words
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