The Business Times, 12 May 1984
1984-05-12
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The Business Times
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Title Section12 1984-05-12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, MAY It, 1984 60 CENTS12 words
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354 1984-05-12 1 WANG LOOK KEAH - By WANG LOOK KEAH SINGAPORE will try to get Sri Lanka to sign formally the bilateral air services agreement initialled in 1979 at a coming meeting in Colombo. As the 1979 agreement was only initialled and not ratified by Sri354 words
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Article, Illustration266 1984-05-12 1 JAPANESE contractor Sato Kogyo will soon be awarded a $75 million contract to build the new Ministry of Environment headquarters at Scotts Road. Tenders for the contract were first called by the Public Works Department towards the end of last year.266 words
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379 1984-05-12 1 FOO CHOY PENG - Leong Chee Whye likely to become TDB head By FOO CHOY PENG THE TRADE Development Board and the Singapore Manufacturers Association the two organisations that play a major role in our overseas trade promotion will have new chief executive officers379 words
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286 1984-05-12 1 MILITARY authorities in the Philippines yesterday ordered national police on "red alert" and heavy security for vital public installations to guard against terrorist strikes during next week's critical elections. Opposition leader Salvador Laurel blasted President Ferdinand Marcos for a "master plan"286 words
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Article60 1984-05-12 1 Reuter THE SOVIET and East German withdrawal from the summer Olympics in Los Angeles may detract from the sporting calibre of the games but will not dim the show business glitter. The opening and closing ceremonies will be in the best traditions of Hollywood. Meanwhile, VietnamReuter - 60 words
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Article, Illustration78 1984-05-12 1 SHAKE prices m the Singapore stock market eeatianed their dewnward slide yesterday ea farther selling. A late rally filled to make maeh headway aid prices elesed mixed. The market get sff to a very stow start sad was marked by the ssaal dill, feature- less sesston as investors78 words
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Article267 1984-05-12 1 Reuter ONE OF AMERICA'S major banking groups denied stock market rumours that it was in financial difficulty after a day of hectic trading in its shares. Continental Illinois chairman Robert Taylor said on Thursday that market rumours circulating about the possible bankruptcy, merger or acquisition ofReuter - 267 words
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174 1984-05-12 1 THE SCIENCE COUNCIL of Singapore is sponsoring a symposium on venture capital to be held in July. Delegates will be introduced to concepts on selecting the most profitable venture capital opportunities, evaluating the proper mix of product, management and marketing potential for investment purposes174 words
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Article196 1984-05-12 1 SINGAPORE'S $2 billion petrochemical complex has a brighter future than has been forecast in some quarters, according to Mr HHori, managing director of Petrochemical Corporation of Singapore (PCS). Speaing on Singapore Broadcasting Corporation's Friday Background programme last night, Mr Hori said that the petrochemical market has196 words
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Article49 1984-05-12 1 AP AMERICA realises the importance of Asia and the Pacific Basin, a region where the Soviet Union continues a "dangerous" military build-up. US Secretary of Defence Caspar Weinberger said in Tokyo yesterday the US remains committed to Europe where about 350,000 US military personnel are based. AP.AP - 49 words
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Page 1 Advertisements
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Advertisement148 1984-05-12 1 IMAC-ASIA '84 S. E. Asia's 4th International Exhibition of Materials Handling Physical Distribution Equipment 25 29 June WTC An Interfama organised show Tel: *****12 MacGregor SYNCHRCHJTE Hie revolutionary lightweight dubs l The Synchrolite System is lighter, I generating GREATER CLUBHEAD n SPEED. When you generate greater \clubhead speed, you hit148 words
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Advertisement265 1984-05-12 1 Moscow's hawks are soaring, Paga 6 wm SHARE INFORMATION 11 RAW MATERIALS 4 MONEY EXCHANGE 5 SHIPS IN PORT AIRCRAFT CROSSWORDS j- WIIV wtci\jyment is spending $1.3 million to reploce its round-top bins with bins speciolly designed to fit over the boses of refuse chutes. A Singapore company has been265 words
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Advertisement147 1984-05-12 1 Full report, Rag* 10 International stocks, Pago 8 Aaian stocks, Pago 9 W s Wishful thinking? No! Wayfoong thinking For most of us, the buying of a new car is one of the largest purchases we'll make in our lifetimes. Almost everybody needs help in a loan to make their147 words
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Advertisement21 1984-05-12 1 CONPEX-ASIA '84 S. E Asia's 4th International Building, Construction Equipment Public Works Exhibition 25 29 June WTC An lnterfama organised show21 words
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HOME NEWS
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177 1984-05-12 2 SINGAPORE Airlines and Air New Zealand have introduced a new round-the-world fare for travel which takes advantage of the complementary South Pacific route networks of the two airlines. The fare costs $9,000 (NZ$7,OOO) for first class; $6,500 (NZ$5,OOO) for business177 words
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127 1984-05-12 2 THE DEPARTMENT of Extramural Studies has scheduled two law courses: Bankruptcy Law and the Hire-Purchase LaW in Singapore, at the Institute of Education. The courses, open to the public, will be conducted by Catherine Tay, a law lecturer in the Department of Accountancy,127 words
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Article, Illustration331 1984-05-12 2 LISA LEE - By LISA LEE THE HOUSING and Development Board is spending $1.3 million to replace its round-top bins with bins specially designed to fit over the bases of refuse chutes. A board spokesman said yesterday that the new square-top bins, made in Singapore331 words
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394 1984-05-12 2 MONICA GWEE - By MONICA GWEE PEOPLE who have the courage to fail are those most likely to succeed in venture capital investments. And the tolerance for failure is essential in encouraging high technology entrepreneurs. Any area hoping to cultivate a venture capital environment394 words
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129 1984-05-12 2 THE LOCAL alumni clubs of the Massachusetts Institute of Technology and the Imperial College of Science and Technology are jointly organising a series of lectures on technology issues. The first lecture-cum-dinner, to be held on May 25 at the Novotel Orchid Inn, will be con-129 words
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402 1984-05-12 2 PENG AILIAN - By PENG AILIAN THE VOCATIONAL and Industrial Training Board (VITB) provides courses that are now closely tied up with the school system. As such, the Board has become a useful interface between school and the working world. This was pointed402 words
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260 1984-05-12 2 IS IT ANY coincidence that the four cars which broke into halves in recent road accidents in Singapore were of Japanese make? Mr Wong King Chen, president of the Singapore Motor Workshop Association, said in his opening address at the seventh Asian Automobile and Accessories260 words
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213 1984-05-12 2 ONLY ONE property was sold at the auction held by Knight Frank Cheong Hock Chye Baillieu on Thursday at the Apollo Hotel. The property, an office at #10-07 Shenton House, was sold for $210,000 to Kimly Construction,213 words
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Article, Illustration176 1984-05-12 2 FOLDING chairs, musical torchlights and telephone booths are some of the products of technical teachers on display at an exhibition now on at the Institute of Education. They have only recently completed a design workshop conducted by a Japanese consultant on technical education, Mr Takashi176 words
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73 1984-05-12 2 A CALL FOR a more personal relationship between shopkeepers and their customers was made yesterday by Mr S Rajaratnam, the Second Deputy Prime Minister, at the inauguration of the Crawford Merchants Association First Execu- tive Committee at the Crawford Community Centre. Mr Rajaratnam73 words
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Article, Illustration245 1984-05-12 2 SUN HUNG Kai Securities (Pte) Ltd has appointed a new vice-president, Mr William Teh, with effect from May 16. Mr Toh will also head Sun Hung Kai's Singapore and Malaysia Securities Sales Department. TASEK Cement Bhd said that one of its directors, Datuk Seri Hussein Mohd Noordin,245 words
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292 1984-05-12 2 FOR THE first time, production workers have been rewarded with overseas trips for their performances in the National Quality Control Circle (QCC) Convention. Last month, a team of production workers, members of a QCC from Hewlett Packard (Singapore), went to the292 words
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103 1984-05-12 2 THE Ministry of Labour will be conducting the mid--1984 Labour Force Survey this month and next. The purpose of the survey is to collect data on employment and unemployment for policy formulation. A sample of 26,000 households has been selected. Interviewers from the ministry103 words
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Page 2 Advertisements
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Advertisement74 1984-05-12 2 Don't Miss "TOWARDS THE PAPERLESS OFFICE" Tonight at 9.30 pm on Channel 8 See how one sigle disc (the size of a LP record) store up to 15.000 A 4 size pages of information retriveable at random within seconds. The AMUST AFI Laser Disc Filing Systems A revolutionary breakthrough in74 words
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OVERSEAS
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157 1984-05-12 3 Reuter THE US Surgeon-General said Washington would oppose any move in the World Health Organisation to introduce a marketing code for pharmaceutical drugs in developing countries. Dr C Everett Koop, attending the annual World Health Assembly, said the Reagan Administration could not agreeReuter - 157 words
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Article1000 1984-05-12 3 VmmI Barth Arrival Departure KEPPEL WHARVES Donam No 9 37/8 alongside 12.5/2300 Oceania Marina 25/6 alongside 12.5/1200 Rajah Brooke 20W alongside 12.5/0600 Yan Shan 47 alongside 12.5/0530 Builder 22 12.5/0700 13.5/0700 .Chang Shu 44 12.5/1800 16.5/0530 Frotarlo 33/4 12.5/1800 13.5/1500 Kota Jade 13/4 12.5/0700 13.5/0600 Kota Rukun1,000 words
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358 1984-05-12 3 FT IG METALL, the largest West German trade union, has opened what may prove to be the country's most serious industrial battle in years by calling full-scale strikes from next Monday at selected plants in northern Baden Wurttemberg, around Stuttgart. Wednesday's decision, in supportFT - 358 words
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Article60 1984-05-12 3 Reuter CITROEN has said it would be offering 15,000 francs plus financial compensation to immigrant workers prepared to return to their country of origin. The incentive, part of a bid to reduce its workforce, would be in addition to about 20,000 francs of stateReuter - 60 words
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Article104 1984-05-12 3 NYT RECENT advances in Soviet technology have cast doubts on the ability of the MX missile to accomplish its objective of destroying the Soviet land-based missile force, says a new report from the US General Accounting Office. But a Pentagon spokesman says that the reportNYT - 104 words
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359 1984-05-12 3 NYT PRESIDENT Ronald Reagan of the US, expressing displeasure with "recent upticks" in interest rates, said that there was "no satisfactory reason" for them. The president offered his first comment on Thursday on the latest rise in the prime rate to 12 Vj per cent,NYT - 359 words
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Article128 1984-05-12 3 Reuter AMERICAN interest rates are likely to keep rising this year and the next as big federal budget deficits crowd out private borrowing. A survey prepared for the Business Council, a private US organisation of top corporate executives, has predicted "robust" economic growth ofReuter - 128 words
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105 1984-05-12 3 AFP NIGERIA wants a higher oil output quota from the Organisation of Petroleum Exporting Countries (Opec), but will not act unilaterally, Nigerian Oil Minister Tam David West said. Mr West, who was in Kuwait for a meeting of the Organisation of Arab Petroleum ExportingAFP - 105 words
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WORLD IN BRIEF
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Article61 1984-05-12 3 PRESIDENT Reagan has directed Treasury Secretary Donald Regan to establish procedures to monitor the flow of foreign-made textiles into the US. Mr Reagan's executive order said the action was being taken "in order to prevent circumvention or frustration of multilateral or bilateral agreements" to which the US was61 words
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Article33 1984-05-12 3 THE US House of Representatives yesterday approved a foreign aid Bill including a US$l.3 billion 1965 aid package for Central America which eliminates tough human rights conditions sought by Democrats.33 words
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Article48 1984-05-12 3 RICHARD Grimmett, a US defence specialist, has said that the dramatically lower level of arms sales to the Third World last year "might continue for two or three years," but would likely head up again, barring a negotiated pact among Western and Soviet bloc states.48 words
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Article41 1984-05-12 3 THE United Nations Aviation Agency, spurred by the Soviet downing of a South Korean jetliner in September, has voted for an amendment to its charter forbidding the use of weapons against civilian airliners. The enabling resolution was adopted unanimously.41 words
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Article34 1984-05-12 3 THREE female employees of the Paris office of Iran Air have lost their jobs because they refused to wear the veil, although they were told it was for economic reasons.34 words
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Article31 1984-05-12 3 Agencies CHINESE Communist Party chief Hu Yaobang has reached a consensus with North Korean President Kim D-sung on ways to reach a peaceful reunification of the Korean peninsula. AgenciesAgencies - 31 words
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Article, Illustration160 1984-05-12 3 GLYNN WOLFE believes in having only one wife one at a time, that is. The 75-year-old man, who is divorcing his 26th wife of three months, says that when the six-month wait required by California law is up, "I may look for wife160 words
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259 1984-05-12 3 UPI SENIOR officials from a group of industrial and developing countries have begun three days of informal talks in Washington on ways to improve ihe world trading system. The meetings with US Trade Representative William Brock, which started on Thursday, will focus on threeUPI - 259 words
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Article715 1984-05-12 3 ARRIVALS Operator S«rvice number Locol time From PAA PA5 0020 JFK/SFO/HKG CAL CI33I 0150 TPE MAS MH681 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/DXB MAS MH601 0905 KUL SV SV386 0910 JED/RUH MAS MH67I 0935 KUL MAS MH8II 0940 PEN CAL CI806 0945 HLP715 words
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Page 3 Advertisements
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Advertisement12 1984-05-12 3 ivv\ AM Pan Am. Daily 747SPToUSA. It Flies Smoother, Faster And Quieter.12 words
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RAW MATERIALS
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Article297 1984-05-12 4 SINGAPORE: The market closed lower yesterday with June One RSS buyers quoted at 210.75 cents a kilo, down 2.25 cents from Thursday. The morning session was marked down two cents on speculative and dealer selling after an unchanged opening. Prices shed a further quarter cent in quiet afternoon trading297 words
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Article260 1984-05-12 4 RAS prices (in S cents/kilo, FOB in bales) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS prompt 209.25 210 25N 207.25 208.25N Int 1 RSS June 212.50 213.00 210.75 211.25 Int 1 RSS July 216.00 216.50 214.25 214.75 Int 2 RSS 209.00 2I1.00N 207.75 209 75N260 words
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Article68 1984-05-12 4 THE Straits tin price in Penang yesterday remained at the IT A floor level of M 129.15 a kilo. It has been unchanged since March f, reflecting continuing lack of demand dne to the high premium over London prices. Turnover rose to 211 tonnes, including 31 per cent68 words
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Article71 1984-05-12 4 FUTURES closed two cents per bushel lower to Vi cent higher, ending in the middle of a 4 -cent range on the Chicago Board of Trade on Thursday. The announcement that the Usda may allow rotation of reserve grain to ease local tight supply contributed to the negative tone71 words
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Article40 1984-05-12 4 SOYBEAN futures closed 9 V* cents per bushel higher In May to s'/j cents lower in distant March, finishing near the middle of a 13 Vicent range on Thursday in Chicago. Light deliveries kept spot firm relative to deferreds.40 words
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Article92 1984-05-12 4 (in M cants/1 too pallets) June July (current mth) (forward mth) NOON NOON RAS Buyers Setters Buyers Setters SSR20 203.50 205.50N 205.50 207 50N SSR50 201.50 203 50N 203.50 205 SON MRELB Buyers Sellers Buyers Sellers SMRCV 260.00 262.00N 262.00 264.00N SMR L 260 00 262 00N92 words
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Article156 1984-05-12 4 MALAYSIAN crude palm oil prices closed steady yesterday amid covering interest following Pakistan's purchase, after opening lower on profit-taking. The refined market saw RBD palm oil in August trade at U*****.50 a tonne. Futures closed firmer on covering interest, with August ending with limit gains as sentiment was156 words
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Article120 1984-05-12 4 Yarn Cotton cloth (In HK$ per bole of 400 lb) India Dragon Head uroo 116.50 ***** China carded yarn, cones Japan No. 2023 Shirting Hongkong Golden Peak, 60 x 60 Blue Phoenix 16's Blue Phoenix 20's Blue Phoenix 32'* 3.550 3,600 4,150 Blue Phoenix 40's 4,600 White cloth Carded120 words
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Article50 1984-05-12 4 AFP THE Brazilian government has suspended exports of soybean and soyoil for an indefinite period because of severe domestic shortages. The suspension was announced on Tuesday by the foreign trade department at Bank of Brazil at a time when international soyoil prices have risen markedly. AFPAFP - 50 words
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Article291 1984-05-12 4 Singapore C-l special C-1 Ordinary Unq Unq (S$/kilo, ei-godown) Loonzon 100% Thai white first grade 100% second grade 25I 100% 1st doss (kangaroo) 100% third grade Unq new crop 1 05 Parboiled 100% 2nd class 082 5% 260 100% 3rd class 078 10% 255 25% new crop No stock291 words
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Article152 1984-05-12 4 Chinese Produce Exchange (Setters' noon dosing prices S$/ 100 kg) Coconut oil Bulk FOB 223 00 Old drum FOB 236 00 New drum FOB 240 00 Copra Mixed (loose) 115 00 buyers Robusta 20/25% FOB NSW 487 50 Nutmeg 110 FOB NSW 355 00 B W FOB NSW152 words
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Article853 1984-05-12 4 COFFEE Robusta futures closed an active morning session yesterday with gains from Thursday's close of £39 to £12. But this was below a 6'^-year high reached mid-morn-ing, basis September at £2,224. September finished at £2,217, £35 higher. Contract highs were set on all positions. The market was due853 words
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Page 4 Advertisements
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Advertisement90 1984-05-12 4 I EAG AN IN To work i CHINA togethSP in harmony" m r* $6.00 > ,o^°° 9 $10.00 $10.40 $8.10 52.30 v Mac wtb-w: Map***" ters RON I C S MACINTOSH Apple sExcitinq Business Computer ii Ti I BRITAIN S BEST SELLING MICRO WFfKLY VALHALLA i—^ Windowing Software: Is H90 words
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BANKING AND FINANCE
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Article, Illustration721 1984-05-12 5 SINGAPORE: The local currency closed firmer yesterday at 552.1005/15 against the US dollar compared with 2.1020/30 on Thursday, at 5191.25/35 against the Malaysian dollar compared with 91.30/40 but was unchanged against the Hongkong dollar at 5526.85/90. The US dollar closed easier against major currencies in fairly active trad-721 words
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Article53 1984-05-12 5 INSULTS of tender held yesterday for 91-day Treasury bills to be issued on May 14 and from May 16 to M£y 18. Offered: $90,000,000 Applied for: $113,690,000. Alietted: $90,000,000. -Accepted bids: $99.25 approximately 78 per cent; higher cids in full. Avenge rate sf discount on allotment: 3.005 per53 words
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Article260 1984-05-12 5 SINGAPORE Gold futures trading was at a standstill on lack of interest, and prices closed slightly firmer than New York's levels. Prompt closed slightly higher at U*****.50/373.60 an ounce against New York's $372.75/373.25 close, June at $375.00/375.10 against $374.90/375.20 and August at $382.00/382.10 against $381.80/381.90. LONDON The morning gold260 words
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Article263 1984-05-12 5 DEPOSIT rates for Asian dollars steady yesterday at sharply higher opening levels in moderate trading* Speculation about an imminent rise in the US discount, firm US federal funds and a US$2.4 billion increase in US M-l money supply underpinned rates. Asian dollar CD interest rates extended earlier263 words
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Article108 1984-05-12 5 OVERNIGHT rate on the local interbank money market closed higher at 7 3 per cent yesterday. Term rates also closed firmer, with the ones, twos and threes closing at 85/16 per cent. S$ interbank rates at 3pm yesterday Offer Bid Overnight 7 3/4 7 5/8 1 -month 8108 words
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152 1984-05-12 5 Reuter MONEY SUPPLY and other key data released on Thursday suggest the US Federal Reserve is continuing to take a relatively stable monetary course, before the May 22 meeting of its policy-setting Federal Open Market Committee. Analysts said the decline in net borrowed reservesReuter - 152 words
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Article126 1984-05-12 5 THE PRESIDENT of the Arab Banking Corporation, Mr Abdulla A Saudi, arrives today for a three-day visit to meet top leaders of the banking, business and industry. Mr Saudi, on an extensive tour of the Far East, will inspect the operations of his bank's offshore branch in126 words
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Article, Illustration509 1984-05-12 5 AMY BALAN - Simex members mostly professionals and businessmen By AMY BALAN THE LATEST breed of entrepreneurs on the' financial scene are, surprisingly, mainly professionals. They are the local traders hoping to strike it rich in Singapore's financial futures market which will be launched next month. While there is509 words
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Page 5 Advertisements
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Advertisement265 1984-05-12 5 THAIS ASIAEUROPE EXPRESS ROUTES One-stop to Copenhagen, Frankfurt, Rome and Athens,then take your choice to Paris, Amsterdam and London. Now by Royal Executive Class. Catch Thai on the GREAT CIRCLE EXPRESS ROUTE. It flies the shortest distance non-«top to COPENHAGEN,FRANKFURT,ROME and ATHENS. Then onward to the other great European capitals265 words
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FEATURES
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Article494 1984-05-12 6 GOD COULD not be everywhere and therefore he made mothers. There might be some truth in this Jewish proverb, as Mother's Day used to be a religious feast. But the way it is being celebrated these days, one would think that it was invented by494 words
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Article, Illustration987 1984-05-12 6 Moscow-watchers are reading more into Russia's withdrawal from the Olympics than a side-swipe at the Americans. In London and Moscow the move is being seen as one more piece ot evidence that Soviet leader Konstantin Chernenko is taking a much harder line on foreign policy. THE987 words
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Article701 1984-05-12 6 FARTATULLAH BABAR - Petrochemical industry faces rough ride ahead By FARTATULLAH BABAR AFTER visiting the office of the Saudi Arabian Basic Industries Corporation (Sabic) in 1976, a western correspondent commented: "And these men sitting in a small dark room in a side street of Riyadh dream of ultimately exporting701 words
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384 1984-05-12 6 STRAWS in the Wind MOTHERS seem to be getting younger these days. Mother's Day offerings advertised by department stores Include trendy dresses and pants suits, leotards, aerobic shoes and stereo headphones. Also being promoted were canvas pumps for expectant mothers who384 words
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Page 6 Advertisements
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Advertisement108 1984-05-12 6 rnmJmSmßm Nowhere on our planet is devoid of life. In The Living Planet, David Attenborough's searching eye, unfailing curiosity and infectious enthusiasm, explain and illuminate the intricate lives of these colonies from the lonely heights of the Himalayas to the wild creatures in the most recent of environments, the city.108 words
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Page 6 Miscellaneous
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Miscellaneous6 1984-05-12 6 p*nd u>e u&r\£. •> <r. 7* m6 words
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TIME-OFF
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Article654 1984-05-12 7 GREGORY JENSEN - British TV series to revive the immortal detective once again By GREGORY JENSEN UPI SIR ARTHUR Conan Doyle might cringe at the news, but television is launching upon the world another reincarnation of fiction's most immortal detective. "I fear that Mr Sherlock Holmes," Doyle wrote inUPI - 654 words
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Article467 1984-05-12 7 JEFFREY TSANG - ■f JEFFREY TSANG TOMMOROW, 83 cars will be weaving through 200 km of roads; drivers and navigators sweating it out under the hot sun (air-conditioning off!) as they participate in an increasingly popular motor sport here the economy rally. Fuelled by rising petrol prices, drivers all467 words
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Article, Illustration411 1984-05-12 7 TOH TECK SUN - By TOH TECK SUN IT WAS the meriting alter. With it came the acceptance that all good things must come to an end. And so it was for me as I headed home after a week's holiday in Phuket, the island411 words
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Page 7 Advertisements
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Advertisement74 1984-05-12 7 At Home With m -1 MR) h V A A Normal Yes. I would like to take advantage of this special I offer. Please deliver to me set of At Home With 1 French'. My cheque No for $79.00 is enclosed. Address: Times Jorong No 2 Juroog Port Road 11174 words
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Page 7 Miscellaneous
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Miscellaneous834 1984-05-12 7 BBC Your Life in Their Hands Yan Chiu Sivell's operation. 8.00 pm This week we look into the micro-surgery done on Yon to improve her chances of being a mother. Yan is married for 10 years and is childless. Centrestage Hansel and Gretel 8.30 pm. Based on the original Brothers834 words
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Miscellaneous588 1984-05-12 7 CONCERTS Tonight, the SSO and Janusz Olejniczak, Polish pianist. So far Olejniczak has appeared all over Europe, in Canada and the US. Programme: Ruy Bias Overture, Op 95 (Mendelssohn), Piano Concerto in F Minor (Chopin) and Symphony No 3, Polish, (Tchaikovsky). Victoria Concert Hall, 8 15 pm Tickets: $4, $7,588 words
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INTERNATIONAL STOCKS
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Article200 1984-05-12 8 FT VOLKSWAGEN, the West German motor vehicle concern, expects to increase its world sales this year and to consolidate its financial recovery in spite of uncertainties at home and abroad. Dr Carl Hahn, the chief executive, said on Thursday the Wolfsburg-based parent company which sufferedFT - 200 words
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Article67 1984-05-12 8 NYT FORD MOTOR'S chairman, Mr Philip Caldwell, declined to say when he would step down as chairman of the world's secondlargest car company. He was answering queries from shareholders on Thursday at Ford's annual meeting. Mr Caldwell, who will be 65 in January, said that officers ofNYT - 67 words
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Article138 1984-05-12 8 AFP EASTMAN KODAK, which has been the unchallenged leader in the photography market, is forced to diversify its output to survive steadily mounting competition. Company president Colby Chandler told a gathering of shareholders in Kingsport, Tennessee, on Thursday, that Kodak's sales of photographic equipment fell 9AFP - 138 words
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280 1984-05-12 8 WALL STREET share prices closed mixed in heavy trading on Thursday. The Dow Jones Industrial Average rose about IVi points, as investors sought bargains among recently depressed blue chips but the broader market fell. Declines led advances by eight to seven. The New York280 words
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Article135 1984-05-12 8 MAY 10 Ab«t4x c$ 26 unch •Vfc Imp Ql Inco 38* 16-% Akon 37* Int Prov Ppe 27 41 23* Int Uts 27** 23 InH fsfcckel unch 18 Be* TeJ 3m Lo64ow B I4fc 22* •f Mom y Fefg 4 36* Mc Blodei 29* 25* MoKon A 16* 48*135 words
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Article169 1984-05-12 8 MAY 10 (owl Un Steel 140 5 Un*ec 560 -5 INDUSTRIALS WoofcvorTh I80D unch A Alpha 960 unch MININGS Abercom 220 5 AE And Q 950 -25 Anglos 2300 -40 AAST 3100 Barlows 1420 -5 Buff eh C G Smith 2625 4006 Chckers CNA 340 unch Cume Finance 535169 words
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Article656 1984-05-12 8 MAY 10 ACf Industries us$ 52%, Ale on Alumn 28 H Alcoa 35* Alegheny Lud 24 V* AWd Cham Cp Afced Storm 52* 4 4 124k Am Brands Inc 56 58 unch Am Can Co 44* 50* Am Elec Pwr 16* 30* Am Horn* Prod Am Motors Cp656 words
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Article980 1984-05-12 8 Amsterdam MAY 10 Fh ABN 368 00 -5 1 Aegon 132 50 -1 Ahold Akzo J AMf V 193 50 0 5 95 10 -08 155 00-4 j Amfos Amrobnfc B«ffc 6490 -19 3800 -02 Boh 96 SO unch Bofiumn 249 00 -2 5 Botfco 32 00 -0980 words
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Page 8 Advertisements
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Advertisement77 1984-05-12 8 The Summer Ralace i FINEST CANTONESE CUISINE FOR ALL OCCASIONS. THE ADVANTAGE IS INTER- CONTINENTAL THE PAVILION INTER CONTINENTAL TNK PAVILION INTERCONTINENTAL SINGAPORE C use ad en Road Singapore 1024 Tel 733 8888 SUNDAY BRUNCH 11.00 AM 3.00 PM L 2 *!>■ Adults: $22.00 Children: $14.00 under 12 years All77 words
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Advertisement49 1984-05-12 8 Discuss your business deals in an atmosphere of rustic Austrian charm Delight in our renowned Wienerwald Chicken and genuine Austrian German Cuisines me same exquisite dishes in portions just right for them'. Ample free parking at all times. n ■nHnl* oram mi 214 Ouneam Road. Singapore 1129 Tel *****2249 words
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Advertisement143 1984-05-12 8 HUANG PALACE X w. Hong Kong Tim Sum served from 11 am to 2.30 pm (We also cater for weddings, anniversaries, birthdays and Chinese dinner functions.) For Rrsmmtions plr*sr c*U *****22 Exl ISI7 or HOO PRESIDENT MERLIN HOTEL SINGAPORE 181. Kil<tartar R<uti. S.ii k .i o*s) frl 29W122 DINE, WINE143 words
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Advertisement135 1984-05-12 8 -A v ■> MEMBERSHIP FOR SWIMMING POOL MEMBERSHIP FEE Single $15.00 per month Couple $25.00 per month Family $30.00 per month Group/ Company Negotiable ENTITLEMENTS: Exclusive use of the Swimming Pool on 3rd Floor of the Hotel from 8:00 a.m. to 9:00 p.m. 10% Discount on all meals in Cafe135 words
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Advertisement127 1984-05-12 8 London stocks, Pagsll Am ••t u {£!SEEEF& Relax in a Cosy Atmosphere and Keep Up Your Spirits with Live Entertainment CINGERBKEAD 130% DISCOUNTED 4 PM-7 PM DAILY tON-ffll: 7pm to lam •AT: 7 pm to 2 am Cockpit SoUl, OnHy Won SioptpQK Q>a T«i 737*111 (20 LmNI :L fj deserves127 words
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ASIAN STOCKS
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Article430 1984-05-12 9 HONGKONG: Prices closed mixed yesterday after a lower opening with some local bargainhunting in the*afternoon. Leaders were mostly higher except for HK Bank, which closed 15 cents lower at HK56.25. Some analysts attributed the recent slide in the bank's share price to concern over the cost of its new430 words
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Article253 1984-05-12 9 MAT 11 Al Smear* Indus A wo Camant Cathay Cons Chang Hwo Bonk Chan Loonj Chm Hsm Camant NT S 9 10 33 50 31 20 55 00 28 30 0.2 +0.1 unch 0 5 Cham Indus ban Hwo Indus Non Yo Ptos Pocific Cons Pacific Elact Wra 24253 words
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Article318 1984-05-12 9 TOKYO: The market closed weaker yesterday, pressed* by the yen's fall against the dollar and by rising US interest rates. > The market average, which posted the largest one-day fall of 1984 of 180.58 on Thursday, lost 45.84 to close at 10,833.87, on turnover of 320 million shares, unchanged318 words
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Article66 1984-05-12 9 May 10 Won Hyundai Motor KAL 549 467 -1 Choheung Bk Commtncol Bk 680 711 600 1 Korea Fr»t Korea Oi Korea Ship 711 908 418 -4 -*-18 -6 Daewoo Corp 398 +3 Oo«woo tnd 560 -5 Dong Ah 68S -10 Gold Star 740 ■10 Hand Bk Hon Yong66 words
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Article404 1984-05-12 9 SYDNEY: Prices recovered in afternoon trading yesterday to finish little changed on lower volume. Bank stocks opened weaker on profit-taking but rose in afternoon trading after Westpac announced a 41.5 per cent rise in interim profit. Westpac reversed an early five cent fall to close five cents up at404 words
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Article142 1984-05-12 9 MANILA: Stocks closed lower in dull trading yesterday in spite of higher copper prices because of the tight money situation and parliamentary elections due on May 14. The commercial and industrial index dropped 0.13 to 131.37 and the oil index 0.017 to 0.703. The mining marker was unchanged at142 words
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Article104 1984-05-12 9 MAY 11 Aofchom Thoi Babti Sum City 366 +2 AMO F4*a AyiMhoyo kt* And Trust Bangkok Bank 116 230 unch unch South Aito Ffcra Thoi Commarcid Bank 468 Bank Of Ayudhoya Ltd Boto Sho« Bart Judw 136 549 1 7 Thai Danu Bank Thai Formats Bank Thai Gloss 240104 words
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Article71 1984-05-12 9 SPURRED by brisk video and audio equipment sales at home and abroad, Victor Company of Japan has reported an increase in its sales and recurring profit for the fiscal year ended March 20. The company said sales increased 11 per cent over 1983 to 552.877 billion71 words
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234 1984-05-12 9 Reuter MITSUI Mining and Smelting Co Ltd will report a parent company current profit in the year ended March 31 after current losses in the previous three years. A company spokesman said yesterday that Mitsui made a small current profitReuter - 234 words
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Article351 1984-05-12 9 Reuter THE HONGKONG securities commission has approved rules allowing companies to use placements for the listing of new shares. Deputy Securities Commissioner Derek Murphy said yesterday that such issues will generally total HK$2O million to $50 million. He added that issues falling outside this range mayReuter - 351 words
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Article327 1984-05-12 9 Reuter SONY CORP still expects a 10 to 15 per cent increase in fiscal 1984 sales and believes net income will rise to 60 billion yen from 29.8 billion yen in fiscal 1983. Sony's fiscal year ends Oct 31. The company reported fiscal 1983 sales of U554.75Reuter - 327 words
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Page 9 Advertisements
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Advertisement391 1984-05-12 9 r S? ;*g %S) :ji mm ss m 3d mi SB is lisp er% HMMBB WE COULDNT IMPROVE OUR SUNSETS, SO WE'VE DONE THE NEXT BEST THING. WE'VE DOUBLED THE PLEASURE OF THE VIEW. THE TRADEWINDS SUNDOWNER HOUR. MONDAYS THRU SATURDAYS, FROM 5.30 PM 7.00 PM WHEN DRINKS COST ONLY391 words
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Advertisement104 1984-05-12 9 k t. ■> ■< Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, you 11 find our staff friendly and efficient, our food appealing and delicious. Try our famous claypot specialities, Hainanese chicken rice and other dishes. For reservations,104 words
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SHARE INFORMATION
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Article, Illustration4357 1984-05-12 10 SHARE prices continued to edge down on selling pressure to end slightly lower yesterday. A modest attempt to rally during the afternoon session failed to put back the morning's losses. Market sentiment remained bearish and many investors left the market ahead of the4,357 words
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Article257 1984-05-12 10 SINGAPORE KmJhm 50C Rims Indices 1900 +120 D Koroaaot 1260 +100 Mar 10 Mor 11 Euo 1450 90 8T r IT Widicaioi •93 04 892.83 Utd Mokocc a 1060 30 *****60 *****34 MMMMI 1120 +20 rr ot/os -273 -366 M Clown 50* 350 +18 STtedwnoh 974.83 *****257 words
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Article470 1984-05-12 10 INTEREST remained subdued at the Kuala Lumpur stock market yesterday, with prices marginally lower in most sectors. After a quiet start, trading turned easier on lack of follow-through support. Sellers again appeared in the afternoon session and by the close, most counters were generally470 words
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Article2912 1984-05-12 10 810 and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 unlta unless otherwise specified All Time SetUement Contract* are quoted after the word "SETT".2,912 words
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Page 10 Advertisements
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Advertisement7 1984-05-12 10 Business done on the KLSE SeePage 117 words
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COMPANY NEWS
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355 1984-05-12 11 TEXTILE Corporation of Malay» Bhd has obtained approval from the Malaysian Capital Issues Committee on all aspects of Its much-vaunted merger with Supreme Corporation with one amendment. The CIC has reduced the proponed price of Msl.7t per rights355 words
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Article1775 1984-05-12 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Aea» (2.858) (4) 2.85 Aleaai (2.288) (U) 2.27 Aatak1,775 words
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Article217 1984-05-12 11 HOTEL Properties Limited: 4th AGM on May 12 at noon in Hongkong Room, Hilton International, 581 Orchard Road (0923). KENTUCKY Fried Chicken Limited: 10th AGM on May 16 at 11am at Kallang Bahru #02-531 (1233). PARAMOUNT Corporation Berfcad :14th AGM on May 16 at 11 30am in Bilik217 words
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776 1984-05-12 11 CHAN OI CHEE - By CHAN OI CHEE UNITED Industrial Corporation is venturing beyond its traditional detergent and propertyowning activities into new businesses, including international trading. Chairman Lee Kim Yew told shareholders that "both the detergent operations and the UIC Building will maintain their current levels of profitability. But,776 words
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Article302 1984-05-12 11 THE KUALA Lumpur Stock Exchange is shifting its trading floor and other operations just a stone's throw away from its present premises. The move, from Damansara Centre to neighbouring Wisma Prima, is expected to take place either at the end of this year or early next302 words
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Article91 1984-05-12 11 CYCLE A Carriage Lid: The due date for delivery of settlement contracts in Cycle's shares has been brought forward to Monday, May 28 Trading on a settlement basis in the company's shares will be suspended from 10am on Tuesday, May 29. GUINNESS Malaysia Bfcd: A stock certificate bearing91 words
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Article, Illustration253 1984-05-12 11 HOCK LOCK SIEW - rUA D T n iW'Sssr. ■nUUitl IN I I ■■jjvrJißßiiiAjja iB MM By HOCK LOCK SIEW SINCE THE accelerated rise in the price of National Iron A Steel Mills shares (along the uptrend line XY) from about $5.10 to a peak of J8.05 early last year, the253 words
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Article102 1984-05-12 11 HONGKONG Australian Industrials Hong Seng Index Friday 928.32 Thursday 921.31 Fridoy 1002.2 Thursday 1001.9 Week ago 1004 8 Week ago 1004 79 NEW YORK Dow Jones TOKYO Tokyo Dow Jones Thursday 1167.19 Wednesday 1165.52 Week ago 1181.53 *****.87 Thursday *****.71 Standard and Poors Week ago *****.17 Thursday 160.00102 words
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Article219 1984-05-12 11 Monogers' prices for May 12 14 MARA Bumiputra Fir*t B'putro 6.62 6 67 Second B'putro 5 60 5 65 Singapore Unit Trust Third B'putro Fourth B'putro 4.78 4 83 5 69 5.74 The Commerce 3 35 The Savings Fund 1 99 356 2 11 1 53 2.34 1.26219 words
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Article972 1984-05-12 11 STOCK prices closed lower yesterday on interest rate worries. At 3pm, the Financial Times 30* hare index was off 16 7 points at 868.3, making a (all of 47.2 points on the week and 54.6 off the record set last Thursday at 922.8. The vigorously denied rumours of972 words
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430 1984-05-12 12 TERESA LIM - r =Th« => Jalil Murder By TERESA LIM MAK FOON THAN yesterday denied that he told police that he was sent to Hongkong last July by Malaysian Finance Minister Tengku Razaleigh Hamzah. He claimed that a large part of the statement430 words
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231 1984-05-12 12 A BUILDING contractor, Artie Builders Co (Pte) Ltd, was yesterday awarded costs in its appeal against a case in which it was sacked by developer Tan Tong Meng Co (Pte) Ltd. An appeal court upheld the finding of an arbitrator that the231 words
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Article, Illustration606 1984-05-12 12 Amy balan - Ownership dispute between two companies By Amy balan A ROW ABOUT the ownership of a discount card company has erupted between companies in Singapore and Malaysia. Both companies issue The Card International, which entitles holders to discounts in selected stores in the two countries. But while the606 words
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287 1984-05-12 12 ABOUT 60 per cent of the 40 carriers represented at the "Composite conference cargo" now on at the Hyatt Hotel are in favour of a higher commission for freight agents, a Lufthansa German Airlines official claimed. Mr Robert Moers, manager, cargo287 words
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Article255 1984-05-12 12 UPI NO MORE PANTY advertisements in the London subways, please. Gone are the days of scantily clad ladies advertising men's products while wearing "overly" provocative underwear. From now on, London Transport censors will check the subway advertisements to make sure they pass a "goodUPI - 255 words
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Article41 1984-05-12 12 UPI A THREAT of cyanide poisoning forced major retailers in western Japan yesterday to remove all products Of Rzalri Glico candy company, whose president was kidnapped naked from his hath by armed abductors in March, from their shelves. UPIUPI - 41 words
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Article, Illustration469 1984-05-12 12 MONICA GWEE - By MONICA GWEE THIS IS the signmaker's signmaker and it is set to revolutionise the sign business in Singapore. Movitex Movigraph Systems (S) Pte Ltd, a company specialising in signs, is introducing Computext, a computerised machine that cuts and pre-spaces vinyl letters, pictures469 words
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Article45 1984-05-12 12 Bernama JOHORE's Mentri Besar Datuk Abdul Ajib Ahmad yesterday ordered the area 500 metres in radius around Pulau Batu Gajah off Mersing, where a sunken ship's treasure is believed to be embedded, to be made out of bounds until further notice. BernamaBernama - 45 words
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Article299 1984-05-12 12 INTEREST rates on the Singapore interbank money market rose in the past two days, making the possibility of higher prime lending rates by the Big Four local banks even greater. Foreign bankers said it would not be surprising if the Big Four announced higher299 words
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LATE FILE
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Article53 1984-05-12 12 Reuter A DISSIDENT faction in the MCA has asked a court to stop all party divisional elections now in progress and is seeking a ruling on the legality of an EGM held last Sunday which voted to reinstate 14 dissidents expelled from the party twoReuter - 53 words
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Article39 1984-05-12 12 AFP VIETNAM yesterday officially rejected proposals by its non-communist Asian neighbours that it withdraw its troops from Cambodia. It also reiterated criticism of Beijing and Bangkok for their strong support of the Cambodian resistance coalition. AFPAFP - 39 words
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Article37 1984-05-12 12 AFP SEPARATIST Tamil guerillas have kidnapped an American couple in northern Sn Lanka and are demanding the release of 20 jailed militants and US$l.5 million in gold in exchange for their freedom. AFPAFP - 37 words
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Article25 1984-05-12 12 Kyodo THE SINO-Vietnamese border clashes were a direct reason for Moscow's lastminute postponement of First Deputy Premier Ivan Arkhipov's China tripKyodo - 25 words
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Article27 1984-05-12 12 Reuter SPURRED by booming exports, Taiwan's economy should grow by 12 per cent in real terms in the first half of 1984. ReuterReuter - 27 words
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Article30 1984-05-12 12 UPI LED BY brisk sales of motorcars and electronics products, Japan chalked up its second highest monthly trade surplus of USJ3.II billion in April. UPIUPI - 30 words
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Article26 1984-05-12 12 Reuter US Treasury Secretary Donald Regan has said that there are no signs of a widespread surge in inflationary pressures. ReuterReuter - 26 words
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Page 12 Advertisements
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Advertisement154 1984-05-12 12 In a ground-breaking approach to strategic planning in the world of i t>us,ness Kenichi Ohmae goes beyond the standard ormu a-for-success into the mind of the creative corporate thinker. IS Dr Ohmae s contention supported with facts and n i C mpan,es such as Nissan, Honda, and Yamaha chrufl Ik154 words
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Page 12 Miscellaneous
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Miscellaneous58 1984-05-12 12 Outlook for today: Portly cloudy with showers in several areas in the morning and early afternoon. Report for 24 hours prior to 7.30pm on May 11 at the airport: Maximum temperature 31.8 Associated humidity 67 Minimum temperature 25.6 Associated humidity 90 Hours of sunshine 4.70 Roinfoll in millimetres Nil Rainfoll58 words
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