The Business Times, 26 May 1984
1984-05-26
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The Business Times
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Title Section11 1984-05-26 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, MAY 1984 60 CENTS11 words
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Article, Illustration259 1984-05-26 1 AFP MALAYSIAN Deputy Prime Minister Datuk Musa Hi tarn yesterday retained his position as the number two man in the United Malays National Organisation (Umno) in a crucial election seen as an endorsement of Prime Minister Datuk Seri Dr Mahathir Mohamad's threeyearAFP - 259 words
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544 1984-05-26 1 ALVIN TAY,RAY HEATH - By ALVIN TAY,RAY HEATH DENIALS of major problems among America's biggest banks did little yesterday to dissuade world financial markets that the big crunch over Latin American lending had finally arrived. Rumours that Manufacturers Hanover Trust, and perhaps other big banks as544 words
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351 1984-05-26 1 JOANNE YAP - Good relations essential By JOANNE YAP MANAGERS adopting biased personnel policies could destroy Singapore's peaceful industrial relations. In fact, such actions could lead to a revival of the militant trade unionism which Singapore experienced during its early years of industrialisation. These executives, said Mr351 words
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157 1984-05-26 1 A DROP «(Uper eeat ia April's exteraal trade ku reversed Ovemeath growth tread which begaa last November. Optimism has waaed slightly as the trade setback breaght total trade that meath to $8.1 Mlltoa, dewa (rem $IJ Mlltoa la the same meath last year. If157 words
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223 1984-05-26 1 THE WELCOME return to a double-digit growth in the Singapore economy is uneven in its impact and the jam is not spread equally. While the 10 per cent growth in gross domestic product (GDP) experienced during the first three months of this223 words
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Article, Illustration256 1984-05-26 1 WANG LOOK KEAH - By WANG LOOK KEAH, Transport Correspondent REGULAR DIRECT air links between Singapore and Jordan were established for the first time yesterday with the touchdown of Alia's inaugural flight at Changi Airport. Chairman and president of the Jordanian carrier, Mr Ali Ghandour, who arrived in Singapore on256 words
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Article, Illustration66 1984-05-26 1 SENTIMENT/ waa sarprtaingly gMd at the lacal staebnarket yesterday, with laveiUrs apparently aadaaated by a sharp averaight decline aa Wall Street. Trading began aa a eaattaas nate, bat aa the day pragreaaed, early laaaaa were pared while selected shares maaaged to reeard maderate galaa, The BT Campaalte ladex66 words
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Article303 1984-05-26 1 LISA LEE - By LISA LEE THE CONSTRUCTION Industry Training Centre will soon expand its enrolment capacity to 1,000 students, due to good response. To date, 600 men are being trained at the centre. Half of them are from the Construction Brigade and the rest are recruited303 words
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165 1984-05-26 1 PLANS are being made to build a permanent home for the Construction Industry Training Centre on a 6.3-hectare site along Braddell Road. The centre will move out of its present premises, leased from the Vocational and Industrial Training Board, to a new building designed specially165 words
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Page 1 Advertisements
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Advertisement109 1984-05-26 1 *).:&^+^(|;:~&&*&;&>;,&${";}}-. Malaysia may not axtand NEP, Paga4 BANQUE INDOSUEZ "TRADERS' MONITOR" AT A GLANCE YOU'LL KNOW WHERE YOUR COMPANY STANDS. EVERY MONTH. In business, time is indeed money In a fraction of the time you would normally take to identify your company's financial position, the Trader's Monitor keeps you totally109 words
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Advertisement247 1984-05-26 1 Sat* union, Pag« 2 mm SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGES 5 AN 18-seater Dornier *****0 plane made its first daily shuttle landing at Seletar Air Base yesterday, starting the new air route between Singapore and Malacca. Paga2 REAGAN Administration officials have told members of Congress that Iran247 words
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Advertisement0 1984-05-26 1 +~"-<],?[$=*^^[@.<]"-~;*=*(;~'<0 words
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Advertisement167 1984-05-26 1 CONPEX-ASIA '84 S. E. Asia's 4th International Building, Construction Equipment Public Works Exhibition 25 29 June WTC An Interfama organised show Tel: *****12 =?!:;((^:_'>"+-]}|@$},_,;+||,/! TRAVELLING IN ASIA? m 2 When business or pleasure takes you travelling, your CLARK HATCH membership entitles you to full use of any of the 10167 words
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HOME NEWS
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Article332 1984-05-26 2 FOO CHOY PENG - Unionists must have backing of colleagues By FOO CHOY PENG UNIONISTS eyeing top leadership posts in the Singapore Airport Terminal Services (Sats) Workers' Union now being formed will need to win their colleagues' support and respect before they can W chosen. The electoral system under332 words
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257 1984-05-26 2 THE secretary-general of the National Trades Union Congress, Mr Ong Teng Cheong, is a man who believes in tackling an issue from both the angles of the union and the management. That is why he will be meeting employer groups to257 words
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Article1094 1984-05-26 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL Location Thana Bhum Zim Kaohsiung E Guide HK Ace Lanka Siri Hayakawa M K Kanevskiy E Grade Family Ace Harvester S'pore Eagle Zim Trieste Johore Br Achieve Niaga 42 Sea Glory Frankfurt Exp1,094 words
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223 1984-05-26 2 RESIDUAL value insurance is likely to be increasingly useful to leasing companies. But another avenue of protection may be an agreement with the equipment supplier to take back the equipment at guaranteed residual values. Mr Michael JS Jones, assistant director of Grindlays Bank (Singapore),223 words
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179 1984-05-26 2 BOOKS printed and published in Singapore will be promoted at the American Booksellers Association (ABA) Convention ft Trade Exhibition in Washington DC from May 26 to 29. This is Singapore's fifth year of participation in the event. Four publishers and two printers, sponsored179 words
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Article, Illustration279 1984-05-26 2 MONICA GWEE - By MONICA GWEE MALACCA is just an hour away in this Dornier 228-200 plane. The 18-seater aircraft made its first daily shuttle landing at Seletar Air Base at 11.25 am yesterday with a full load of passengers. The new air route between279 words
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Article, Illustration385 1984-05-26 2 MARTIN Ckisdck has been promoted to corporate vicepresident of Storage Technology's corporate programme management. He will be responsible (or business programme management and corporate development. Mr Chizzick has been with Storage Technology since 1972 and was previously corporate vice-president of international operations. Prior to that, he was385 words
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Article106 1984-05-26 2 Seminan i and courses DURATION TITLE VENUE ORGANISER May 26 Retrenchment POD Centre At POD Pte Ltd Waterloo Centre May 28-30 Criticol Skills In Thong Teck Singapore Institute Managing Teamwork Building Of Management May 28-30 Professional Selling World Trade EDI Associates Skills Ill/Xerox Centre Learning Systems Frank Newman May106 words
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277 1984-05-26 2 LEE HAN SHIH - By LEE HAN SHIH THE GLUT in Singapore's commercial property market is reflected in the new shop rental policy announced by the housing board yesterday. As of June 1, the Housing and Development Board will reduce resettlement rents for its Tanjong Katong277 words
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394 1984-05-26 2 CHUANG PECK MING - By CHUANG PECK MING CONDOMINIUMS have added to the problems of interviewers conducting the yearly labour force survey. A spokesman from the Labour Ministry said interviewers sent recently to condominiums to collect information on economic activities and people's job situations were turned away by394 words
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OVERSEAS
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447 1984-05-26 3 AP A CONSERVATIVE American »research group has issued a study that concludes that "a world without the United Nations would be a better world". The study, titled "A world without a UN", was produced by the Heritage Foundation, a private group thatAP - 447 words
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WORLD IN BRIEF
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Article40 1984-05-26 3 THE US House of Representatives reversed an earlier vote on Thursday and narrowly approved a boost in the government's debt ceiling, now at a US$l.49 trillion limit. They voted 211-198 to add $30 billion to the limit.40 words
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Article43 1984-05-26 3 JAPAN pledged more than US$7OO million in credits to Brazil to help bolster its debtridden economy. Prime Minister Yasuhiro Nakasone made the pledge at a two-hour meeting with Brazilian President Joao Fi- gueiredo, who arrived for a five-day state visit.43 words
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Article51 1984-05-26 3 THE KIMBELL Art Museum of Fort Worth has learned that one of its most popular exhibits, a 12th-century French romanesque church apse, is a fake. The apse, a curved section of ceiling containing several frescoes supposedly from an abandoned church near Avignon, France, was purchased for $330,000 in51 words
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Article60 1984-05-26 3 PHILIPPINE President, Ferdinand Marcos ordered government price controls on 11 basic commodities to continue in view of the country's economic emergency situation. Mr Marcos said the controls on rice, corn, pork, chicken, eggs, canned fish, canned liquid milk, detergent bars, sugar, school supplies and galvanised iron sheets were60 words
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Article42 1984-05-26 3 Agencies AN OFFICIAL of London's Police Federation lost his post after having used a strongly derogatory term for nonwhites "nig-nogs" during the organisation's conference. Peter Johnson, the official, apologised for using the term on Wednesday night in Scarborough. AgenciesAgencies - 42 words
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Article735 1984-05-26 3 y ARRIVALS Operator Service Local From number time ■PAA PAS 0020 JFK/SFO/HKG CAL CI331 0150 TPE MAS MH681 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/DXB MAS MH60I 0905 KUL sv SV386 0910 JED/RUH MAS MH67I 0935 KUL MAS MH81I 0940 PEN CAL CI806 0945735 words
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374 1984-05-26 3 UPI THE WARSAW PACT countries on Thursday flatly rejected a new Nato proposal to reduce conventional forces in Central Europe aimed at breaking an 11-year deadlock. In a statement representing the Soviet bloc, East German ambassador to the Mutual and Balanced Force Reduction (MBFR)UPI - 374 words
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190 1984-05-26 3 AP COMMUNIST countries boycotting this year's summer games on Thursday expressed "unease" with South Korea as the site of the 1968 games, and announced plans for their own games after the Los Angeles Olympics. Communist sports officials meeting in Prague, Czechoslovakia, indicated that NorthAP - 190 words
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273 1984-05-26 3 AFP A NEW company, Intersil, has been formed In London by a group of oil industry experts to exploit an oil extraction process that is said to boost the average recovery rate of deposits from the current SI to 81 per cent.AFP - 273 words
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592 1984-05-26 3 NYT, Reuter CONTRARY TO reports that Iran has promised a high-level Syrian delegation that it would not escalate the Gulf war, Reagan Administration officials have told members of Congress that Iran may be planning to widen the Persian Gulf war by attackingNYT,; Reuter - 592 words
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Article, Illustration304 1984-05-26 3 NYT PRESIDENT Francois Mitterrand called on Thursday for a renegotiation of the Constitution of the Common Market countries and suggested those not interested a clear allusion to Britain could stay out. The goal, he said, would be to work toward true European unity and end theNYT - 304 words
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127 1984-05-26 3 Reuter THREE West European countries were in the grip of strikes yesterday which disrupted rail travel in France, the car industry in West Germany and coal production in Britain. Britain's striking miners and the state-owned Coal Board were planning fresh talks amid signsReuter - 127 words
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Article, Illustration619 1984-05-26 4 MALAYSIAN Prime Minister Datuk Sen Dr Mahathir Mohamad has hinted that the New Economic Policy (NEP) implemented 14 years ago to bring Malay participation in the country's economy to at least 30 per cent by 1990 may not be extended. "Extending the policy619 words
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317 1984-05-26 4 AFP FORD MOTOR Company of the US will comply with Malaysia's New Economic Policy (NEP) guidelines and reduce its shareholding in its Malaysian subsidiary from 51 per cent to 30 per cent by Jan 1,1906. Max Lowe, managing directorAFP - 317 words
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204 1984-05-26 4 Bernama A WEST GERMAN weekly has highlighted in its latest issue Asean's disappointment over the attitude of the European Economic Community towards trade with Asean countries. The German Tribune said deep disappointment was felt in Asean capitals about the cooperation agreement concluded withBernama - 204 words
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Article60 1984-05-26 4 AP TWO STATE politicians in Australia are planning a 28-day, government-funded global "study tour" of brothels. Mr Pat Rogan and Mr Peter Collins, Members of the state Parliament of New South Wales, are to visit Thailand, the Netherlands, West Germany, Britain, and other partsAP - 60 words
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Article, Illustration48 1984-05-26 4 CORAZON Aquino poses by a portrait of her late husband, Philippine politician Benigno, following the the dedication ceremonies for a room in his name at the Harvard University's Centre for International Affairs on Thursday. Benigno Aquino was a fellow at the centre. AP picture. AP picture.AP picture. - 48 words
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197 1984-05-26 4 UPI INDONESIAN car prices, already among the highest in the world, will be raised by 10 to 20 per cent beginning next month, an industrialist said. Mudahar, director of ToyotaAstra Automotive Co, said: "With the introduction of the value-added tax systemUPI - 197 words
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258 1984-05-26 4 UPI CHINA yesterday accused the Soviet Union of rushing aid to Vietnam in support of Hanoi's "intensified armed provocations" in South-east Asia and along the tense Sino-Vietnamese frontier. The charges came amid reports from Hanoi that fighting along the Sino-Vietnamese borderUPI - 258 words
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Page 3 Advertisements
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Advertisement9 1984-05-26 3 Pan Am. Daily It Flies Smoother, Faster And Quieter.9 words
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Advertisement99 1984-05-26 3 The world's favourite airline leave Kuala Lumpur on Tuesdays offers you the best choice of flights and Saturday's. The flights origito London Our 747's depart daily nate at Kuala Lumpur, so you have from Singapore. a whole fresh plane to yourselves British airways But if one of these flights on99 words
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RAW MATERIALS
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Article345 1984-05-26 4 SINGAPORE: The market closed slightly higher yesterday with June One RSS buyers quoted at 199.50 cents a kilo, up 2.25 cents from Thursday. The morning session was marked up 2.50 cents on covering interest and speculative buying of June One RSS in quiet trading. Prices rose slightly in early345 words
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Article254 1984-05-26 4 RAS prices (m S cants/kilo, FOB in 1 boles) NOON CLOSE Int 1 RSS prompt 198.50 199.SON 198.75 199.75N int 1 RSS June 199.25 199.75 199.50 200.00 Int 1 RSS July 203.50 204.00 204.00 204 50 Int 2 RSS 198 00 199.00N 198.50 199.50N UK/Coot 197.00 198.00N254 words
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Article67 1984-05-26 4 THE Straits tta prim la Peaaag yesterday held at tfce ITA flair level tf Ms2Ui a kfla. Dealers saU tetaflw to akMrtMHwValk «f «s--psmis amid small demand (ram laeal latereats aai akaeam st tardea baying. Taraever fell to 14S tenses (ram 111 aa Thursday, and dealers detected ahsat67 words
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Article70 1984-05-26 4 WHEAT futures closed 7Vi to M cents per bushel higher on the Chicago Board of Trade on Thursday, near the top of a 9Vicent range, in moderately light trade. Commercial buying pushed values higher after midsession in all months, sparking market talk of possible Soviet grain buying. Corn futures70 words
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Article46 1984-05-26 4 CHICAGO soybean futures closed unchanged to 6'/« cents per bushel higher on Thursday, with July ending 2 1 i cents lower. Prices finished toward the high end of a 26-cent range. Prices firmed after midsession as European buyers hedged new crop purchases, supporting distant months.46 words
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Article151 1984-05-26 4 MALAYSIAN crude palm oil prices closed slightly lower yesterday on profit-taking after opening higher following Pakistan's RBD palm oil purchase on Thursday and firmer Chicago soy futures. May deliveries in the south region fell MJS to $1,690 a tonne while June in the south eased $10 to $1,680.151 words
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Article137 1984-05-26 4 Yarn Shifting 116 50 (In HK$ per bole of 400 lb) Hongkong Golden Peo£ 60 x 60 115 50 China card«d yarn, con«s Blue Pho«nix 16'* 3,550 Blue Phoenix 2C» 3,600 White cloth Blue Phoenix 32's 4,000 Japan No 10,000 Three Peaches 221 50 Blue Phoenix 40"$ 4,500 Carded137 words
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Article100 1984-05-26 4 (in M cents/1 ton pallet*) June Julv (current mth) (forward mth) RAS NOON NOON Buyers StlUn Buyers Sellers SSR20 197 00 199.OON 199 00 201 OON SSR SO 195.00 197 OON 197 00 199 OON MRELB Buyers Sellers Buyers Sellers SMRCV 254.00 256 OON 256.00 258 OON100 words
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Article53 1984-05-26 4 JAPANESE April lead output rose to 22,775 tonnes from 19,418 a year earlier, but fell slightly from 22,965 in March, the Trade and Industry Ministry said. Domestic lead sales totalled 21,644 tonnes in April, up from 20,577 in March and 16,720 a year before. End-April stocks53 words
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Article284 1984-05-26 4 Singapore (S$/U«, n-fodoM) C-l special C-l Ordtnory Loonioin 100% unq unq Thai whit* first grade 100% 1st doss 100% second grade (kangaroo) 1 05 0.78 100% third grade unq ntw crop 100% 2nd doss Parboiled 5% 10% 260 255 100% 3rd daw 25% ntw crap 0.76 No stock B-10%284 words
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Article153 1984-05-26 4 Chinos* Produce Exchange (Seders' neon dome prices. Si/ Robusta 20/25% FOB NSW Nutmeg 487.50 100 ko) 110 FOB NSW 355.00 Cocoriut oil B W FOB NSW 256.00 BufcFOB ***** Gambier Old drum FOB 253 00 FOB NSW 300.00 New drum FOB Copra Mixed (loose) 257 00 London Commodity153 words
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Article39 1984-05-26 4 Reuter A UNITED NATIONS conference seeking to negotiate a new agreement regulating international trade in cocoa has been adjourned until October while efforts continue to narrow differences between producers and consumers, the conference chairman said. ReuterReuter - 39 words
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244 1984-05-26 4 Reuter THE FLAGGING performance of the Kuala Lumpur Commodity Exchange's palm oil futures market has forced several commodity brokerage houses to scale down operations to cut losses. Brokers said there was little profitability in the small trade volume on the world'sReuter - 244 words
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Article540 1984-05-26 4 YESTERDAY'S midday reports were delayed. The following are Thursday's dosing reports. COFFEE Robusta futures finished £70 to £15 below the previous close after active trade. July closed at £2,482, £28 down and £22 above the low. Prices readied the day's highs, basis July at Q. 515, in the540 words
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BANKING AND FINANCE
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Article169 1984-05-26 5 SINGAPORE: The local currency closed higher at 552.1065/75 against the US dollar compared with Thursday's close of $2.1065/95, at 5526.90/95 against the Hongkong dollar compared with 26.95/27.00 but weaker against the Malaysian dollar at 5591.15/25 compared with 91.05/15. The US dollar firmed against most major currencies in fairly169 words
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Article, Illustration670 1984-05-26 5 KUALA LUMPUR: The US dollar closed at 2.3115/ -25, and the Singapore dollar at 109.65/75. JAKARTA: The US dollar was fixed at 1006.50/ 1010.00. LONDON: The dollar recovered from heavy selling in New York yesterday to open above 2.72 marks, but dealers said trading in a thin market670 words
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Article116 1984-05-26 5 THE overnight rate on the local interbank money market was unchanged at V/t per cent during closing yesterday. But term rates firmed by between and 1/16 percentage point across-the-board. S$ interbank rates at 3pm yesterday Offer Bid Overnight 7 7/8 7 3/4 1 -month 8 5/16 83/16 2-month116 words
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Article257 1984-05-26 5 SINGAPORE Futures trading was at a standstill on lack of interest, and prices closed firmer in line with the metal's rise on overseas markets. Prompt closed higher at U*****.00/382.50 an ounce against New York's $378.25/378.75 close, June at $382.50/383.00 against $378.80/379.20 and August at $388.50/3J9.00 against $385.70/386.20. LONDON The257 words
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Article242 1984-05-26 5 Asian market PERIOD Asian dollar deposit rates extended earlier gains yesterday in moderate afternoon trading on increased bidding interest. Periods firmed between 1/16 and 1/4 at the outset, underpinned by expectations that US interest rates will remain high and news of a $1.1 billion rise in latest US M-l money242 words
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Article92 1984-05-26 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from May 28 to June 1: Offered: $120,000,000 Applied fer: $123,000,000. Allotted: $120,000,000. Aeeepted Uds: $99.25 approximately 97 per cent; higher bids in full. Average rate sf discount en allotment: 3.010 pee cent per annum. Results92 words
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139 1984-05-26 5 THE World Bank approved a US$9 billion increase in funding on Thursday (or the poorest countries and elevated Japan to its second mo6t powerful member after the US. The action, which became entangled in a dispute between the US and Japan over139 words
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490 1984-05-26 5 NYT NO ONE KNOWS its origins, where it will lead or how to deal with it. But the US financial markets have been hit by a serious case of the jitters. The sudden skittishness is threatening the banking system, which rests on publicNYT - 490 words
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Article56 1984-05-26 5 Reuter US MONEY supply M-1 rose US$l.l billion to a seasonally adjusted $541.0 billion in the week ended May 14, said the Federal Reserve Bank of New York yesterday. The data suggests that the Fed has resisted tightening its monetary stance, despite buoyant loan demand and otherReuter - 56 words
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Page 5 Advertisements
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Advertisement256 1984-05-26 5 THAIS ASIA-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 flics the shortest distance non-stop to COPENHAGEN,FRANKFURT.ROME and ATHENS. Then onward to the other great European capitals of PARIS, AMSTERDAM256 words
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FEATURES
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Article471 1984-05-26 6 THE SIGNS are subUe. Department stores advertise specials for mothers ranging from plastic brooms to cosmetics. As many real mums know, the "ad mothers" look like graduates from the pimple-cream club disguised in oldish hairstyles and middle-aged fashions. Advertisers have discovered that the Pepsi generation is471 words
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Article840 1984-05-26 6 ALAN WHEATLEY - Growing mountain of Latin American debt triggers fears of a massive default By ALAN WHEATLEY Reuter BANKERS in New York are growing increasingly worried about the huge dangers that the US financial system would face if Latin American nations failed to keep up payments onReuter - 840 words
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Article, Illustration585 1984-05-26 6 TODD EASTHAM - By TODD EASTHAM UPI A TOP EXECUTIVE of Japan's oldest credit card company confided recently that he carries cash in a money belt when he travels overseas and a wad in his pocket when at home. "I always carry large amounts ofUPI - 585 words
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313 1984-05-26 6 STRAWS in the Wind STOP that spitting habit is a message well worth getting across, so it is understandable that the messages are being put up everywhere. At some snack bars in shopping centres, the "stop spitting" sign is plastered on313 words
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691 1984-05-26 6 PETER ENG - By PETER ENG AP WHEN "MAC", a black American serviceman at a Vietnam war-era air force base in northeastern Thailand, was transferred out of the country in 1970, he promised his son's Thai mother he would return. He never did. But his son, 13-year-oldAP - 691 words
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Article, Illustration813 1984-05-26 7 TSANG SAU YIN - By TSANG SAU YIN THE CHINESE fishermen who tried to save the body of a drowned poet from the jaws of sea serpents didn't know what they were starting. This is the wispy legend from which today's dragon boat races claim their origins.813 words
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Article, Illustration607 1984-05-26 7 RAY HEATH - By RAY HEATH TOURISTS regularly, and sadly ruin the environment for the local population. The Balinese have gone some way to making the environment uncomfortable for the tourist. A quiet stroll along the main beaches, through the resort towns or even in607 words
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Article, Illustration837 1984-05-26 7 MONICA GWEE - By MONICA GWEE "I NEVER eat what I cook. How can a culinary magazine editor be fat? I just look and suffer." If you want to burn some calories, try talking to Mrs Suryantini Ganie for she switches from English to German to Indonesian837 words
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Page 6 Advertisements
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Advertisement158 1984-05-26 6 What's Instant noodles doing in Malaysian Business? Especially when there are more rivetting issues like the run-up to the Umno election or the dramatic flow of events breaking almost daily on the MCA front? The answer is simple. Instant noodles is rapidly becoming a fast arowth industry with a proliferation158 words
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Page 6 Miscellaneous
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Miscellaneous15 1984-05-26 6 fill Stow.* '-Kpng coweßfc. NOO ftCPM PM_L DPW P DON'T vou) f come U*TH rre15 words
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Page 7 Miscellaneous
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Miscellaneous774 1984-05-26 7 h*. CRYPTIC PUZZLE ACROSS 9 Restore again, th.is month, the tea-break (9) 10 Is Carl not to become a singer? (9) 12 Pay attention to the music (4) 13 Come in order to provide entertainment (6) 14 Put right back a new steel support (7) 15 Because ad set for774 words
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Miscellaneous779 1984-05-26 7 mtfiem WBSJBG) Centrestoge The Winter's Tol« 8.03 10.55 pm A Shakespearean play dominated by contrasting moods and a bizarre plot which incorporates myth and magic. Pre-Olympics football qualifying tournament 3.35 pm Thailand vs Iraq and Malaysia vs Japan. BBC World News 6,7,8,10 and 11 am 1,3,4,7,9 pm midnight and I779 words
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INTERNATIONAL STOCKS
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305 1984-05-26 8 UPI ROYAL Dutch-Shell now controls 94 per cent of Shell Oil Co as a result of its US$5B-a-share cash tender offer for outstanding shares that will be extended to May 30. Announcing this in New York on Thursday, Royal Dutch alsoUPI - 305 words
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191 1984-05-26 8 Reuter THE STOCK markets of the European Economic Community and Spain have agreed to set up a joint real time information system quoting prices of up to 400 leading European shares. The EEC's stock market committee said the electronic tie-up, called Interbourse Data InformationReuter - 191 words
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283 1984-05-26 8 WALL STREET stock prices closed lower for the sixth straight session as investor nervousness over the international financial situation again flared, taking its toll on bank stocks. Technology, energy and rail issues also fell sharply in price. The Dow Jones Industrial Average, which was lower283 words
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Article118 1984-05-26 8 MAY 24 Abrtto C$ 25*» Hud Boy Mai Imp OW Inco 37* 13* -1 unch Alton 35* Algomo 21V* Bonk Mont 22* H Bonk Nova Scotia Bel Tel 10* 29* LobAow B 14* unch BP Con Ltd 22* Broscon 33* •1* Con Imp Bk 23* Can Prm Mg Conpoc118 words
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Article197 1984-05-26 8 MAY 24 Read INDUSTRIALS Trust Bk Un Steel Urwec 290 130 565 1800 -5 2 -5 -50 A Alpha Abercom AE And CI Amoprop 950S 210 950 450 O !<*♦ 1 Anglos 2160 -10 AMJC Borrows 3100 1420 unch -10 Bfyyoon 1800 unch C G Smith 2400 CNA 290197 words
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Article744 1984-05-26 8 MAT 24 ACF Industrie* Ale on AJurrwi Alcoa Alegheny Lud Afced Chem Co Afctd Storm AKChalmto Am Brandt he Am Broodcost Am Can Co Am Cyanamd Am Elee Pwr Am Express Am Home Prod Am Motors Cp Am Natural Gas Am Tel T«l Amox he Amerodo Hess AMF744 words
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Article960 1984-05-26 8 1 Amsterdam MAT 24 Fb ABN Aegon AhoM Akzo AMf V Amfoi Amrobnk Bark Boh Borvjrrai Boiko Bonn Cotond 343 00 -5 5 124 50 -0 5 181 50 2 8 9070 -33 151 00 +3 6150 -I 36 50 0 3 89 00xd-4 ***** +2 31 50960 words
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Page 8 Advertisements
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Advertisement519 1984-05-26 8 Mr 5» %>} y/ m w. m m hm a t€ti mmmwuKm Pi into OUR C OA&OCS! CHICKEN RICE $6Served with chilli ginger and thick soya sduce together with a bowl of bean curd soup KIAM CHVE DUCK SOUP $6Served with piam nee and slices chilli in black sauce MALACCA519 words
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Advertisement83 1984-05-26 8 gT* It is said fj deserves an equally f exquisite setting. Because we believe in this, we have created at Le Restaurant de France, a setting that fully complements the superb cuisine of French Mastcrchef. Louis Outhier and his protege Herve 1 Guillaume. Cutsitwrrand manner Iwl IB m w SMGMPORE83 words
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ASIAN STOCKS
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Article359 1984-05-26 9 HONGKONG: The stock market closed lower yesterday after a steady opening and mainly influenced by Chinese leader Deng Xiaoping's remarks around midday saying that China has right to station troops in Hongkong after 1997. The Hang Seng index fell 20.21 to 902.79 after showing a 10 point gain359 words
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Article223 1984-05-26 9 MAY 25 NT Lien Hwo Indus Non Ya Ptos II 80 36 30 •0 1 -03 -0 7 Pociftc Cons 31 50 -05 Cathoy Cons 33 30 Pacific Elect unch Wire 19 30 -03 27 70 Pookmg Paper 206 Chm Hsin Cement China Chem Chino Dev Chno Elect Wire223 words
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Article321 1984-05-26 9 TOKYO: Prices closed sharply lower in light trading yesterday following an overnight plunge on Wall Street on rumours of US banks' funding problems. The market average, which rose 228.26 on Thursday, fell 109.62 to close at 10,142.10 on a 220 million share volume, against 260 million on Thursday. Persistent321 words
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Article75 1984-05-26 9 Moy 25 Won 665 -2 Hyundai Corp Hyundai Motor KAL 640 560 460 -10 -7 670 Koraa Fr»t 706 .1 700 unch Kor»o CM 842 +12 Do«4m k>d 60S -26 Korea Sh*> 421 ■4 Daewoo Corp Do«woo Ind 395 560 +5 640 Dong Ah 687 -13 SomsungElac 960 ■475 words
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Article408 1984-05-26 9 SYDNEY: THE Australian All-ordi-naries index closed at a six-month low yesterday as institutional investors quit the market to minimise losses. The index was 14.5 points down at 675.0, having lost 50 points in the week. The All-industrials marker was 20.1 easier at 928.8 as the selling pressure centred on408 words
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Article194 1984-05-26 9 BANGKOK: Prices again closed higher in quiet trading yesterday. The Book Club index rose 0.48 to 118.16 on turnover of 39.7 million baht with 173,893 shares traded. Siam Cement and Siam City Cement gained six baht each to 413 and 392 respectively, Industrial Finance Corp advanced three to 136194 words
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Article156 1984-05-26 9 MANILA: Share prices closed generally firmer in continued dull trading, despite higher metal prices, because of the domestic economic situation. The commercial and industrial index was up 0.27 at 133.91, the mining marker rose 12.03 to 1,079.23 and oils were down 0.017 at 0.724. Gainers were Lepanto 'B'to 0.0825156 words
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Article60 1984-05-26 9 Reuter MARUZEN Oil Co Ltd said its parent company current profit will rise to about eight billion yen in the 1984/85 year ending next March 31 from 2.82 billion announced earlier for 1983/84. A company spokesman declined to forecast after-tax profit and sales this year becauseReuter - 60 words
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Article213 1984-05-26 9 Reuter TOSHIBA Corp expects parent company after-tax profit to rise to 65 billion yen in the 1984/85 year ending March 31 from a record 50.24 billion yen just announced for the 1983/84 year. Sales are expected to rise to 2,460 billion yen, above the record 2,026 billion lastReuter - 213 words
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Corporate round-up
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Article151 1984-05-26 9 MARUBENI CORP has signed a nine-month contract with Standard Oil Co Indiana (Amoco), to buy r 10,000 barrels per day of Suez blend crude starting July 1 at the government selling price of US$2B.OO a barrel. This is the first longterm import contract made by151 words
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Article83 1984-05-26 9 TOKYO Electric Power Co Inc has reported parent company after-tax profit of 121.89 billion yen (107.78 billion) for the year ended March 31. Current profit was 256.87 billion (195.44 billion), operating profit 705.54 bil- lion (593.65 billion) on sales of 3,712 billion (3.484 billion) A dividend83 words
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Article70 1984-05-26 9 HITACHI has reported a 11.9 per cent increase in unconsolidated net profit to 83.42 billion yen for the business year ended in March. The largest electric and electronic company in Japan said it made the profit on sales of 2.65 trillion yen (11.46 billion dollars), up 13.570 words
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Article66 1984-05-26 9 HAWKER Siddeley group PLC has offered for sale to Australian investors 30 per cent of the equity in its Australian subsidiary Hawker de Havilland Australia Pty Ltd. A total of 4.5 million ordinary shares are offered at $1.23 per share. The Australian government welcomed the move66 words
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Page 9 Advertisements
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Advertisement344 1984-05-26 9 'J! M 11 5? R» T W •A- Is in i'% t -ft Dine in the grand tradition of emperors m PINE COURT Where sumptuous meals are prepared by masters in Beijing cuisine. And served uith traditional oriental hospitality. /^//>////: fr, (JJ l« lW ''idiliw f rPKpfrtrx I or !i(<344 words
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Advertisement147 1984-05-26 9 John Adair EFFECTIVE LEADERSHIP i i itMaai Is, 6i rei ft i ms •ir .991 ®Si f/ •v? »l f J ■*r.» a u r n*iSwi ym 5512.75 nf limes Ul I )i^!ril>ur<»rv P AI "GOFFEE GARDEN,' we serve yon round the clock fS > Our newly extended Coffee Garden147 words
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SHARE INFORMATION
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Article, Illustration4464 1984-05-26 10 SELECTED share prices recorded gains in what was basically a very cautious market yesterday. The trading tone was discernibly easier throughout the day but scattered firm spots helped keep the market on an even keel. By the close, the BT Composite Index managed to4,464 words
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Article262 1984-05-26 10 SINGAPORE Rites Indices Lioo HO* 1 c s Sport Land 750 740 428 216 406 229 30 t-20 18 17 16 ■T Composite Mar 14 Ma» 25 •6163 863 13 M Gloss S f Teitiie ■T Indicator ■TOt/OS STMtttnoii *****69 *****46 336 292 ***** ***** uon Lorpn262 words
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Article441 1984-05-26 10 THE Kuala Lumpur stock market extended its advance yesterday and only some profit-taking prevented what could have been a higher close. Shares started the day on a better footing in line with the previous day's steady closing but towards lunch break, trading turned erratic as441 words
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Article3444 1984-05-26 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of IXIOO units unless otherwise specified All Time Settlement Contracts are quoted after the word "SETT".3,444 words
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Page 10 Advertisements
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Advertisement8 1984-05-26 10 Business done on the KLSE See Pege 118 words
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COMPANY NEWS
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512 1984-05-26 11 CHAN OI CHEE - By CHAN OI CHEE MALAYSIAN-BASED Chocolate Products Bhd is making a $21 million bid for Allied Chocolate Products, its former sister company in Singapore." .This follows the conclusion of an agreement whereby Chocolate Products will acquire 5.061 million shares (representing 50.7 per cent)512 words
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Article154 1984-05-26 11 CYCLE Carriage Ltd (CCL) has signed a joint venture agreement with Semicon Advanced Technology Inc, of Dallas, Texas. CCL and Semicon Singapore Investments (Pte) Ltd (a wholly-owned subsidiary of Semicon Advanced Technology Inc, have incorporated a Singapore company, Semicon Advanced Technology (Singapore) Pte Ltd.154 words
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Article84 1984-05-26 11 Reuter THE TWO major participants in the diamond venture will reduce the percentage of production sold to the Central Selling Organisation (CSO) from July 1, Ashton Mining chairman, Leslie Froggatt, said. Malaysia Mining Corp Bhd has a 46.3 per cent stake in Ashton. MrReuter - 84 words
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Article95 1984-05-26 11 HONGKONG Australian Industrials Hong Seng Index Friday 928.8 Friday 902.79 Thursday 948.8 Thursday 923.00 Week ago 986.6 Week ago 895.73 NEW YORK TOKYO Dow Jones Thursday 1103.43 Tokyo Dow Jones Friday *****.10 Wednesday 1113 80 Week ago 1142.27 Thursday *****.72 Week ago *****.88 Standard and Poors Thursday 151.2395 words
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Article51 1984-05-26 11 SOUTH EAST ASIA Development Corporation has proposed a three-for-two bonus issue, a share split and a special bumiputra issue of 15 million 50-cent shares each. Its subsidiary, Singapore Unit Trusts Ltd will be carrying out a nine-for-one bonus issue by capitalising its general reserve. Fall story on51 words
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Article204 1984-05-26 11 Managers' prices for May 26 A 2S MARA Bumiputra Frst B'putro 6.22 6.27 Singapore Unit Trust The Commerce 3.22 3.42* The Sovingt Fund 1 97 2.09 S pore Prog Fund 1.43 1.52 S'pore Sec. Fund 2.18 2.31 S'pore Invest Fund 1.17 1.24 S'pore Equity Fund 1.42 1.51 Second204 words
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Article2462 1984-05-26 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 A Icon Q. 288 2.305) (2) 2.26 (9) 2.27(13)2.282,462 words
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Article178 1984-05-26 11 IN LINE with its policy of moving into high technology, Wearne Brothers Ltd has acquired two companies straddling both sides of the Causeway. In Singapore, Wearnes Precision Pte Ltd has been set up by wholly-owned Wearnes Technology Pte Ltd to make precision die castings for178 words
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LATEST
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Article38 1984-05-26 11 Group pre-tax profits rose to MJ1.04 million in 1963 against $678,000 previously. Turnover fell to $16.12 million ($16.73 million previously). A final dividend of 10 per cent gross will be paid on Sep 10.38 words
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Article66 1984-05-26 11 PAN ELECTRIC Industries Ltd has unloaded a block of more than three quarters of a million shares in Acma Electrical Industries Ltd on Tuesday, May 22. Ooas proceeds of $2.19 million were received by Pan-El from its sale of 756,260 Acma shares at $2.90 apiece.66 words
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Article, Illustration285 1984-05-26 11 HOCK LOCK SIEW - By HOCK LOCK SIEW IN SPITE OF a very successful public issue, the price of Cerebos Pacific Ltd shares (offered at $1.35 each) fell sharply the day after it was listed on July 7 last year. The counter managed to recover thereafter and began an accelerated advance285 words
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Article195 1984-05-26 11 ANA Hotels Singapore Limited: 6th AGM on May 26 at 11am in Connaught Room, Century Park Sherton, Nassim Hill (1025). UNITED Overseas Bask Limited: 42nd AGM on May 26 at noon in Board Room of the Company, 30th Storey UOB Building, No. 1 Bonham Street, Raffles Place (0104).195 words
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Article1074 1984-05-26 11 SHARES rallied from a lower opening to end mixed yesterday but were sharply lower on the week due to rumours about the stability of the US banking system, the failure of talks between the UK Coal Board and the miners, and renewed tension in the Middle East after1,074 words
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543 1984-05-26 12 ZHOU MEI - By ZHOU MEI, Economics Correspondent IT IS double-digit pay rise time again for workers. For the National Wages Council (NWC) Year starting July 1, 1984, the council has recommended a guideline that offers a mean wage increase of 10 per cent. Double-digit guidelines came543 words
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212 1984-05-26 12 THE WAGE increase guideline set by the National Wages Council (NWC) is generally acceptable to business and labour groups. The Singapore Manufacturers' Association says it agrees with the sentiment and rationale of the NWC's recommendation of $27 plus (4 to 8 per212 words
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Article, Illustration474 1984-05-26 12 RICHARD SEAH - By RICHARD SEAH LANTERNS, umbrellas, fans and batik shirts helped Singapore win two top prizes in an orchid show during the Liverpool Garden Festival. These props gave a unique touch to the flower displays. More important than winning, extensive publicity was generated474 words
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175 1984-05-26 12 A PRICE SHAKE-UP in the burger business is in the offing. McDonald's announced at its fifth anniversary and the sale of its 60 millionth hamburger yesterday that it was bringing back its 1979 prices for hamburgers and cheeseburgers. The price of McDonald's175 words
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350 1984-05-26 12 BOEY KIT YIN - By BOEY KIT YIN INDONESIANS are in town to woo local investors as foreign investments in that country seemed to have slowed down in the first quarter of this year. But if the response to a twoday conference on "Doing Business in Indonesia" is350 words
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148 1984-05-26 12 DEVELOPER Ho Kok Cheong yesterday claimed trial te 28 coasts sf violating the Companies Act when he was a substaatlaJ shareholder of Leong Host Industries Ltd. Hs, 44, faces charges sf failare te give written notice in time te148 words
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296 1984-05-26 12 THE Court of Appeal yesterday banned four former directors of the City Country Club from being managers of the club and other companies. The court upheld an appeal by the Attorney-General to stop Huang Sheng Chang, Gan Khai Choon, Quek Leng Chye296 words
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272 1984-05-26 12 SOH TIANG KENG - By SOH TIANG KENG, Banking Correspondent LATEST developments in Washington have dashed hopes of Singapore launching its financial futures market next month as planned. Instead, Singapore will probably start financial futures trading with Chicago, under the mutual offset system, in272 words
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Article218 1984-05-26 12 FLOWERS, food, fashion, fish and feag shui are some aspects of Singapore which a British Broadcasting Corporation camera crew will capture on film during the next month. Hopefully, they will leave out the floods. The BBC crew aims to film a 10-part series of short218 words
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Article55 1984-05-26 12 THE New York Stock Exchange was mixed yesterday morning with many bank stocks moving higher after dropping on Thursday. The Dow Jones Average of 30 industrials, down 49.73 points in the last six sessions, recovered 1.99 points to 1,106.42 in the first half-hour. But losers outnumbered gainers55 words
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313 1984-05-26 12 Reuter CHINA'S top leader Deng Xiaoping said yesterday that Beijing's troops would be posted at Hongkong after 1997 and that recent statements to the contrary by two senior Chinese officials were'"nonsense". Mr Deng told a group of Hongkong reporters that heReuter - 313 words
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LATE FILE
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Article74 1984-05-26 12 FORMER Minister of State for Defence, Bernard Chen Tien Lap, has been appointed a board member of the Housing and Development Board from June 1. A government gazette issued yesterday said that Mr Chen, group general manager of Fraser A Neave, and Mr Yang74 words
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Article43 1984-05-26 12 FOUR ARCHITECTS have been suspended from practice by the Board of Architects under The Architects Act 1976. They are Mr Peter Soo Bo Kock, Mr William Lau Wai Mun, Mr Thomas Tiang Ah Song and Mr Raymond Kuah Leong Heng.43 words
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Article33 1984-05-26 12 Bernama THIRTY-FIVE military officers from Singapore's Command and Staff College led by Colonel Patrick Choy yesterday visited the Malaysian Armed Forces Staff College at the Ministry of Defence in Kuala Lumpur.Bernama - 33 words
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Article51 1984-05-26 12 AP IRAQ said yesterday that its jet fighters and warships attacked a convoy of ships in the Gulf off Iran's coast, "hitting and destroying six of them". An Iraqi military spokesman said the six unidentified "navy vessels" were attacked near the Iranian Bay of Khor Moussa.AP - 51 words
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Article43 1984-05-26 12 Reuter THAILAND has tripled its import tariffs on pharmaceutical products in a move to protect local drug manufacturers. The increase, which raises tariffs from 11 per cent of a product's value to 33 per cent, affects 388 items. ReuterReuter - 43 words
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Article44 1984-05-26 12 Reuter THE LAST MALE bastion at Oxford University, established as a centre of learning in 1167, has fallen. Administrators of the 658-year-old Oriel College yesterday agreed by 23 votes to four to admit women students for the first time. ReuterReuter - 44 words
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Page 12 Advertisements
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Advertisement265 1984-05-26 12 SARAWAK SHELL BERHAD Sarawak Shell Berhad seek proposals from Malaysian companies for the supply and operation of a maintenance support vessel or barge. The proposal should include available vessels and any proposed new builds, full specification, delivery time and budget costs. A brief minimum specification follows: The vessel shall primarily265 words
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Page 12 Miscellaneous
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Miscellaneous53 1984-05-26 12 Outlook for today: Cloudy; showers ovor sovorol areas in the afternoon. Report for 24 hours prior to 7.30pm on May 25 at the airport: Maximum temperature 28.6 Associated humidity 83 Minimum temperature 21.9 Associated humidity 99 Hours of sunshine Nil Roinfall in millimetres 27.2 Romfoll this month 149.1 Rainy days53 words
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