The Business Times, 7 July 1984
1984-07-07
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The Business Times
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Title Section12 1984-07-07 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, JULY 7, 1984 60 CENTS12 words
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Article617 1984-07-07 1 SOH TIANG KENG - Upward march of world interest rates gathers momentum By SOH TIANG KENG, Banking Correspondent THE UPWARD MARCH of interest rates quickened yesterday, with major increases around the world. This further threat to the economic recovery will strengthen criticism of the US government's fiscal policies and the617 words
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445 1984-07-07 1 ALVIN TAY - By ALVIN TAY FOR EVERY 15 seconds at the Singapore International Monetary Exchange (Simex) yesterday, about one lot of 100 troy ounce gold exchanged hands a record since gold futures trading was launched in Singapore on Nov 22, 1978. But this glittering performance of445 words
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184 1984-07-07 1 MCDONALD'S at the World Trade Centre was crowded in the past two days with Simex traders in their unmistakable fanciful jackets with big name tags streaming in and out. The main crowd actually came from the Wedding Show on at the World Trade Centre. But184 words
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Article, Illustration221 1984-07-07 1 YOU DO NOT have to be one of the 7,192 walkers in this year's New Nation Big Walk to enjoy the event as an interesting programme has been planned at the Farrer Park Athletic Centre for non-walkers. The221 words
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Article92 1984-07-07 1 THE TRADE Development Board has set up a new Sydney office headed by Miss Loh Li Yoon. Previously, the TDB had an honorary trade representative in Sydney. Miss Loh, a senior trade officer of the TDB with more than eight years' experience, will92 words
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Article, Illustration74 1984-07-07 1 PROFIT-TAKING tegether with ii ibmee of fellewthrangh buying iiterat caused share prices to finish en aa easier note at the Stogapere stock market yesterday. The BT Composite Index lest 3.23 (Mints to 813.42 while the Straits Times Industrial Index finished 2.72 psints tower at M 3.23. So far,74 words
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333 1984-07-07 1 LINDA CHEE - By LINDA CHEE THE FAR EASTERN Freight Conference (FEFC) has ended its "tolerated outsider" agreement with Taiwanese Evergreen Line in the lucrative Far East-Europe shipping trade, a year before the expiry date. In a strong statement in London on Thursday, the FEFC333 words
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107 1984-07-07 1 SEMBAWANG Engineering has been awarded two fabrication jobs worth more than $2 million. One of the projects involves the building of a $1 million test separator (equipment used to separate water from oil and other impurities) for the China National Offshore Oil Corporation. The test107 words
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398 1984-07-07 1 LIM SOON NEO - By LIM SOON NEO THE MONTH of May was good for the tourist industry, with the number of visitors showing an increase of 5.2 per cent to 248,953. This helped to bring the cumulative increase for January to May this year to398 words
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Page 1 Advertisements
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Advertisement101 1984-07-07 1 TECHNICAL CONFERENCE AND WORKSHOP SESSIONS Eminent technologists from 10 countries presenting the latest in electrical electronic engineering For more information, call THE WHOLE GOLFING WORLD IS TALKING ABOUT... The Revolutionary Lightweight Clubs! the world's leader in golf club making is one of the first to come out with its PRECISION101 words
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Advertisement280 1984-07-07 1 wm SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGES 5 A FIVE-YEAR plon to promote the productivity message right through the end of the decade is being mapped out by the National Productivity Board. Foo Choy Peng reports. Pag* 2 THE NON-COMMUNIST world is awash with oil, pushing down free280 words
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Advertisement144 1984-07-07 1 FuN report, Peg* 10 International stocks, Page Asian stocks, Page 9 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 their new car dream144 words
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Advertisement6 1984-07-07 1 An Interfama organised show Tel *****126 words
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HOME NEWS
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285 1984-07-07 2 PREFABRICATED housing and the advantages of industrialising the building sector will be discussed in a paper to be presented at the forthcoming conference, "Strategy for the Building Industry in the *****". It will be held on Aug 2 and 3 at285 words
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342 1984-07-07 2 FOO CHOY PENG - By FOO CHOY PENG A PLAN TO promote the productivity message right through the end of the decade is being mapped out by the National Productivity Board (NPB). The five-year plan spelling out the steps to take will be drawn up against a backdrop342 words
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220 1984-07-07 2 DIAMONDS and other precious stones valued at more than $3.5 million were offered at a twoday public auction which started yesterday. The 5,000 pieces of rubies, sapphires, emeralds and diamonds of various cuts and colours were purchased for $7 million three years220 words
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181 1984-07-07 2 THE CENTRE of Vocational Training (CVT) is being hailed as a "new landmark in vocational training development" by the VTTB. The recently completed building costs $9.45 million $3.2 million more than the original target of $6.2 million. It stands on a 3,721-sq m plot of181 words
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137 1984-07-07 2 THE NEXT TIME you reach for your Panadol, the packaging may not be familiar to you. The change was announced by Mr Peter Cunningham, general manager of Sterling Drug (S) Pte Ltd which distributes the tablets. Moving ahead with times, the packaging is being137 words
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505 1984-07-07 2 LISA LEE - By LISA LEE THE TABLES list the pre-quali-fied contractors for MRT Contract 101E for the manufacture and supply of depot equipment, and Contract 110 for the supply and installation of steel tracks. A list of 10 contractors published in BT yesterday referred505 words
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366 1984-07-07 2 LEE HAN SHIH - By LEE HAN SHIH MANY COMPANIES have jumped onto the renovation bandwagon after the call by the Minister for National Development for more Housing Board renovation contractors. About 33 industrial units in Geylang East, specially allocated for these contractors to display366 words
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Article331 1984-07-07 2 THE BANKRUPTCY of a civil engineering company has delayed about 600 tenants from moving into their HUDC flats in Gillman Heights by four months. About equal numbers of local applicants and expatriate university teaching staff are affected. The National University of Singapore will be the331 words
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106 1984-07-07 2 IF YOU LOOK middle-aged and plan to spend this Sunday morning on your feet, you are likely to be the target of an unusual marketing campaign. At the Fairer Park Stadium, the finishing point of the New Nation Big Walk, you may be approached106 words
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TRADE TALK
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Article74 1984-07-07 2 International Inc of Nashville, Tennessee, has been selected by the United States Information Agency (USIA) to supply the communications system for the official US national exhibition at Expo '85, a world fair to be held next year in Tsukuba, Japan. The theme for the US pavilion is "Artificial74 words
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Article137 1984-07-07 2 AG (KWU) is building a turnkey gas turbine power plant with fuel treatment plant in Malaysia. Connaught Bridge Power Station in Kuala Lumpur is equipped with two gas turbines from KWU's factory in Berlin. After 15 months, the first unit went into operation at the end of 1983137 words
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Article78 1984-07-07 2 Industrial and Trading Co has introduced the Dual Shield II 71, an all-posi- tion flux cored welding electrode manufactured by Alloy Rods Inc of the US. The Dual Shield II wires were developed for joining high strength, low alloy steels and carbon steels used extensively in shipbuilding, construction,78 words
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Page 2 Advertisements
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Advertisement326 1984-07-07 2 and give yourself and your family the Rntannica advantage! it's the key to success in a competitive world That's why you should give your child ail the advantages you can. Especially the tools for succees. /That's what a parent's love and responsibility are all about.) Certainly there's no better tool326 words
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OVERSEAS
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Article, Illustration135 1984-07-07 3 AP photo DEBBIE GOULD, 22, seen here minus her shoes (to save weight) and Diana Hurrell, 25,; pose with their threewheeled car, which set a world record (or fuel economy at the SHverstone race track in England on Thursday. The car, a single-seater, claimedAP photo - 135 words
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505 1984-07-07 3 UPI THE WORLD'S 4.8 billion population growing at an unprecedented rate that is limiting the quality of life worldwide could more than double by the year 2150 and then stabilise. 'A new World Bank report released in Washington yesterday says that theUPI - 505 words
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Article142 1984-07-07 3 Reuter A DECADE ago, you just took out a pocket knife and scratched; it on, today it will cost you US$25O to get your name recorded for posterity on the Great Wall of China. Beginning on Thursday, the People's Bank of China beganReuter - 142 words
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159 1984-07-07 3 NYT THE LEADER of Guyana said on Thursday that he had concluded trade agreements totalling more than US$25O million with North Korea, China and Bulgaria. The agreements appear to represent a substantial increase in the involvement of the three communist countries inNYT - 159 words
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Article81 1984-07-07 3 NYT MORTGAGE interest rates soared in June to their highest levels in about two years, the US government said. The latest increase, the largest in what is now a four-month String, effectively puts mortgage loans out of the reach of most home buyers, experts said.NYT - 81 words
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Article, Illustration763 1984-07-07 3 NYT US SECRETARY OF State George Shultz, in advance of the expected sale to China of anti-tank and other military equipment, plans to reassure other Asian countries that the US will not provide Beijing with any weapons that may jeopardise theirNYT - 763 words
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Article, Illustration392 1984-07-07 3 UPI US DEMOCRATIC presidential candidate Jesse Jackson, ignoring a veiled warning from President Reagan that he could be violating the law, said he will go to the Soviet Union in an effort to aid dissident Andrei Sakharov. "If our government will notUPI - 392 words
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187 1984-07-07 3 UPI INVESTIGATORS on Thursday decided to exhume Benigno Aquino's remains to verify new evidence suggesting the opposition leader may have been shot twice instead of once but his family said it would reject the move. Luciano Salazar, a member of the commission lookingUPI - 187 words
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428 1984-07-07 3 AP IRANIAN Oil Minister Mohammed Gharazi said Iran would support crude oil price increases at the forthcoming meeting in Vienna of the Organisation of Petroleum Exporting Countries, the official Iranian news agency, Irna, reported. The agency quoted Mr Gharazi as telling aAP - 428 words
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204 1984-07-07 3 NYT EXOCET MISSILES, the French weapons used by Iraq against shipping in the Persian Gulf, appear less effective than they did in the Falkland Islands war because Iran has apparently developed counter-measures to throw off the missiles' radarguidance systems. A Western militaryNYT - 204 words
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Article76 1984-07-07 3 ISRAELI scientists have succeeded in growing sheets of skin in the laboratory, a development which is expected to provide new hope for victims of severe bums. The technique of growing skin from the victim's own cells will solve the problem of rejection of donor skin grafts.76 words
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Article732 1984-07-07 3 ARRIVALS Operotor Service Locol From number time PA.A PA5 0020 JFK/SFO/HKG CAL C1331 0150 TPE MAS MH68I 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH60I 0905 KUL SV SV386 0910 JED/RUH MAS MH671 0935 KUL MAS MH8! 1 0940 PEN CAL CI806 0945732 words
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565 1984-07-07 4 Reuter THE NON-COMMUNIST world is awash with oil, pushing down free market prices in spite of the flare up in the Iran-Iraq war and a modest rise in demand, latest figures from the International Energy Agency (lEA) show. Preliminary estimates put excess supplyReuter - 565 words
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Article66 1984-07-07 4 AP picture THE economy of the European Economic Community (EEC) is showing signs of losing momentum and its structural weaknesses are impeding full recovery, the EEC's economic and social committee said on Thursday. This year, the EEC should experience growth of 2 per cent over last year,AP picture - 66 words
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273 1984-07-07 4 UPI SIKH terrorists yesterday freed more than 260 passengers and flight crew from an Indian airliner hijacked in a bid to avenge the attack on India's Golden Temple. The hijackers "surrendered on their own" after a night of negotiations, removing any need for a militaryUPI - 273 words
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Article318 1984-07-07 4 NYT THE SOVIET Union on Thursday refused to accept a compromise plan on how the European security talks in Stockholm should be organised, leading to the session being adjourned yesterday for the summer without a formal committee structure. The compromise proposal, which was led by Sweden,NYT - 318 words
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Article, Illustration94 1984-07-07 4 AP picture THIS seascape painting by British artist J M W Turner was auctioned on Thursday for a world record price of £6.7 million (5519.3 million). The painting, Seascape: Folks tone, was part of a collection belonging to the late art historian Lord ClarkAP picture - 94 words
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WORLD IN BRIEF
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Article49 1984-07-07 4 THE DEATHS of five South Korean college students said to have been conscripted into the armed forces because of anti-government activities has prompted questions in parliament and a lively press debate in Seoul. The national assembly's Defence Committee revealed that the students had died since 1981.49 words
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Article49 1984-07-07 4 THE Bolivian government, still reeling from an abortive coup last weekend, faced a new crisis on Thursday. The Bolivian Workers' Confederation (COB), which had mobilised more than 100,000 people in support of the government on Monday, called its members to strike to press for economic demands.49 words
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Article47 1984-07-07 4 AUTHORITIES issued shoot-on-sight orders and imposed a stringent curfew in Srinagar on Thursday to foil a planned procession by supporters of Kashmir's ousted Chief Minister Dr Farooq Abdullah. Riot police were posted throughout the city as police warned people to stay off the street.47 words
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Article42 1984-07-07 4 GUERILLAS attacked a police station in eastern Sri Lanka on Thursday, wounding two policemen before making off with a large quantity of arms and ammunition. In the north, one person was killed and two wounded in a spate of bombings42 words
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Article38 1984-07-07 4 THE Asian Development Bank headquarters in Manila announced the approval of unspecified technical assistance grants to Indonesia, Malaysia* and Vanuatu The grant to., Indonesia is for preparing a profile of the water supply and sanitation sector.38 words
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Article58 1984-07-07 4 Agencies THE European Economic Community is to spend US$l7O million on donating some of" its massive farm surplus tothe Third World as food aid. Some 323,000 tonnes of reals, 68,600 tonnes of skim». med milk powder, 17,650" tonnes of butter oil, 2,000« tonnes of vegetable oil andAgencies - 58 words
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Page 3 Advertisements
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Advertisement11 1984-07-07 3 Pan Am. Daily 747SPTo USA. It Flies Smoother, Faster And Quieter.11 words
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RAW MATERIALS
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Article245 1984-07-07 4 SINGAPORE: The market closed slightly higher yesterday with July One RSS buyers quoted at 181.75 cents per kilo, up a quarter cent from Thursday. The morning session opened one cent higher following firmer London advices and thereafter fluctuated uncertainly on light buying and some profit-taking. The afternoon session was245 words
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Article313 1984-07-07 4 RAS prices (in S cents/kilo, FOB m boles) NOON CLOSE Buyers Selleri Buyers Sellers Int 1 RSS prompt 180 00 181 00N 179.50 180.50N Int 1 RSS July 182 25 182.75 181.75 182 25 Int 1 RSS August 187.50 188 00 187 00 187 50 Int 2313 words
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Article108 1984-07-07 4 (in cents/1 ton pollers) July August (current mth) (forward mth) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 181 00 183 00N 183 00 185 00N SSR 50 179 00 181 00N 181 00 I8300N MRELB Buyers Sellers Buyers Sellers SMR CV 228 50 230 50N108 words
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Article107 1984-07-07 4 SOYBEAN futures closed down the 30-cent a bushel limit in all contracts on the Chicago Board of Trade on Thursday. New crop months posted new contract lows. The November contract had a 22-cent range. Traders said mid-west rains boosted new crop soybean crop prospects, weighing on prices. Spread traders107 words
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Article81 1984-07-07 4 THE Straits tin price in Peaug yesterday stayed at the ITA fleer level ef M52».15 per Idle with foreign demand again absent. Dealers attributed the lack s( buying te a £151 premium ever the spet price In Leaden fellewtng sterling's (all against the Malaystnu dellar. Sentiment was alse81 words
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Article135 1984-07-07 4 WHEAT futures closed AV* to IM cents a bushel lower on the Chicago Board of Trade on Thursday. September ended at the bottom of a three-cent range. Nearbys came under the most pressure as the incoming US winter wheat harvest prompted hedge selling. Cargill turned a buyer of September135 words
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Article153 1984-07-07 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 3,450 Blue Phoenix 20's 3,500 Blue Phoenix 32's 3,900 Blue Phoenix 40's 4,400 Carded yarn, hank Blue Phoenix 21'$ 3,600 Combed yarn, cones Blue Phoerux 32's 5,500 Blue Phoenix 40's 5,700 Open-end yarn Blue153 words
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Article150 1984-07-07 4 Chinese Produce Exchange (Sellers' noon closing prices on July 6. SS/100 kg) Coconut oil Bulk FOB 240 00 OW drum FOB 253 00 New drum FOB 257 00 Copro Mixed (loose) 125.00 buyers Pepper Muntok white FOB NLW 627 50 Sarawak white FOB foq NLW 620 00 Sarawak150 words
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Article267 1984-07-07 4 MALAYSIAN crude palm oil prices closed off the day's lows yesterday on late covering and speculative buying after a limit down close in Chicago soybe a n complex earlier prompted short selling. July deliveries in the south and central regions feU Ms6s and 160, respectively, to $1,000 per267 words
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Article869 1984-07-07 4 COFFEE Robusta futures closed a subdued morning session yesterday £24 to £9 per tonne down from Thursday night, except distant July which was bid £25 up at £2,035. Most active September finally traded £19 down at £2,256. The market eased from the lower New York-based opening on sterling's869 words
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Article283 1984-07-07 4 Singapore (S$/kilo, •i-godown) Thoi white 100% 1st class (kangaroo) I 05 new crop 100% 2nd class 077 100% 3rd class 075 25% new crop No stock B-10% No stock Thai broken A-super Speoal Thoi rice 55% China rice 10% 15% 25% 35% Thai boiled rice 5% Vietnam rice 10%283 words
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BANKING AND FINANCE
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Article700 1984-07-07 5 SINGAPORE: The local dollar closed steady yesterday against the US dollar at Thursday's 2.1425 35 close and also against the Malaysian dollar at 592.15/25 but higher against the H«ngkong currency at 5127.35/40 comf&red with $27.40/45. The US dollar fell against most znajor currencies in nervous late trading following700 words
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Article235 1984-07-07 5 Interbank rates at 3pm C urrtncwi Nowimmm nlti 8 quoted yeeterdey mMtieonian iroee pertty Local dollars to oo« unit of foreign currency: US dollar 2 1435 2.1445 2 *196 -23 98 Sterling pound ***** 2 8135 7 3469 -61 75 Australian dollar 1 8038 1 8067 3 4286235 words
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Article, Illustration271 1984-07-07 5 SINGAPORE Futures closed firmer yesterday in active trading on local short-covering interest. December, the only traded position with a turnover of 1,300 lots, closed higher at U*****.20 an ounce traded compared with New York's $376.50/ 377.50. September closed slightly firmer at $366.50/367.00 against New York's $365.70 close. LONDON The271 words
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Article81 1984-07-07 5 THE OVERNIGHT rate eased by 3/ g -point to close at 8'» per cent on the Singapore interbank money market yesterday. Term rates for two and three-month maturities rose by 1/16-point to close at a common BVt per cent, while the one-month rate remained at 8 7/16 per81 words
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Article105 1984-07-07 5 RESULTS OF TENDER held yesterday for 91-day Treasury" "bills to be issued from July 9 to 13: Offered: $200,000,000. Applied fer: $392,000,000. Alletted: $200,000,000. "Accepted bids: $99.25 approximately 31 per cent; higher bids in full. Average rate of dbenat allotment: 2.965 per cent per annum. Discount prices A*105 words
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Article255 1984-07-07 5 DEPOSIT RATES closed steady on opening levels yesterday. Periods were narrowly mixed at the outset and unchanged after with one, three and six months closing at 11% 11 V«, 12-5/16 123/16 and 12 7 12 3 4 per cent, respectively. US$ Offer Bid 7 days 115/8 11 1/2255 words
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157 1984-07-07 5 NYT JACQUES de Larosiere, managing director of the International Monetary Fund, indicated that the fund would resist making any further loans to Argentina until the big debtor makes deeper spending cuts to curb its 560 per cent inflation. Responding to chargesNYT - 157 words
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324 1984-07-07 5 Reuter A SCANDAL involving millions of dollars in unauthorised Eurobond trades has unsettled the Eurobond market and left the holders of unsettled transactions unsure if the deals will be honoured. Bond market sources said the scandal is unlikely to prompt calls for strict regulation of theReuter - 324 words
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Article256 1984-07-07 5 AFP DEVELOPING countries' debts fell sharply during the past 12 months through cooperation with the International Monetary Fund (IMF), the Fund's director-general Jacques de Larosiere told the UN Economic and Social Council in Geneva on Thursday. Mr de Larosiere said that in two years, non-oil exportingAFP - 256 words
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Page 5 Advertisements
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Advertisement127 1984-07-07 5 Learn a new language in 3 months through LINGUAPHONE Afrikaans American English Arabic (Algerian) Arabic (Modern Standard) FIRST YOU LISTEN INSTITUTE OF LONDON THEN YOU UNDERSTAND THEN YOU SPEAK Hindi Icelandic Irish Malay (Cantonese) 0 Dutch 3* m c M"| Hm u I ttm to M personal Li 3 CJ127 words
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FEATURES
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Article467 1984-07-07 6 THE POOR OLD London bobby is yet again under siege. Thousands of the tired helmeted descendants of Robert Peel are stoned by Arthur Scargill's men. They can probably cope with that, but when the diplomatic bag is thrown in a peaceful place like Stansted Airport it could467 words
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Article761 1984-07-07 6 MARK O'NEILL - By MARK O'NEILL Reuter THE LURE of immigration to the United States has ooked thousands of Chinese, but for some the road to their "Golden Mountain" is beset by hardship and sacrifice. The story of Wang Meiwei and her family, told to a recentReuter - 761 words
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Article254 1984-07-07 6 Getting the message across barely INSOFAR AS there is a message to be conveyed, especially one of great importance, there will always arise complicated ways of expressing it, the result of which tends to be convoluted sentence constructions (or other words in combination to form phrases254 words
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Article, Illustration521 1984-07-07 6 FT YESTERDAY we highlighted the performance of the Korean economy. Today, a lighter look at eome of the do's and don'te for foreign bueineeemen in the land of kimchi and camaraderie. KOREANS take their entertainment, like their business, very seriously. An important groundruleFT - 521 words
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Page 6 Advertisements
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Advertisement114 1984-07-07 6 Are Wfc Ready? Malaysian BUSINESS BIMONTHLY JULY 1 1984 THE ROAD TO PRO SOCCER For professional soccer. In the past, visions of entertaining play and frenzied fan support dissipated in the jet of debate on whether conditions were right. Now two super leagues with attractive cash prizes are on the114 words
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Page 6 Miscellaneous
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Miscellaneous1209 1984-07-07 6 to (MD imdq® HIGHLIGHTS: James Burke (last episode) Life Sentence 8.03 pm, Channel 12 James Burke looks at whether language is the way in which reality is shared and investigates the extraordinary ability everybody has to "make" what they mean. (30 minutes.) Centrestage: Faerie Tale Theatre Rapunzel 8.30 pm, Channel1,209 words
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TIME-OFF
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Article, Illustration276 1984-07-07 7 r i Winebox THE SCREWPULL is a wine gadget which helps you open a bottle without leaving bits of cork in the costly wine. So even a person who seldom opens wine bottles would find it a simple task to use the Screwpull276 words
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Article, Illustration761 1984-07-07 7 BRIAN MILLER - BRIAN MILLER previews Singapore's mid-year equestrian classic the Queen Elizabeth II Cup and gives a run-down on the main contenders. BRIAN MILLER TWELVE YEARS ago, a powerfully-built gelding by a New Zealand sire called Pavot was a sensation on the local turf. He was all-conquering761 words
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Article370 1984-07-07 7 THE THOUGHT of making a public speech often brings out the perspiration in a person unaccustomed to standing way above the crowd on a podium and being the only one speaking. Worse still is to see people nodding off, fidgeting or checking their watches370 words
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Article1061 1984-07-07 7 VmmI Berth Arrival Departure MARINA WHARVES KEPPEL WHARVES Alkindi Anshan Auby Equator IV Penang Exp Vishva Modhuri Baab Ullah Barber Priom Equator III Kubbar Tomoe 5 3/4 23/4 21W 22 15/6 44 1/2 46/7 22 45 15/6 alongside alongside alongside alongside alongside alongside 6.7/1500 77/0400 7.7/0700 77/15001,061 words
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Page 7 Miscellaneous
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Miscellaneous488 1984-07-07 7 I CONCERTS This evening, the seven-member Israel Philharmonic Chamber Players, on their way to Australia and the US, are putting on a chamber concert here. Singapore Conference Hall, 8.15 pm. Tickets: $10, $15 and $20. EXHIBITIONS One-man art exhibition from Tan Choh Tee on the theme Nostalgia". One of Singapore's488 words
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Miscellaneous829 1984-07-07 7 CRYPTIC PUZZLE ACROSS 8 Believe everything about the law-breaker, being stupid (7) 9 The sheet the man put into the train, folded (9) 13 Invests in jewellery (5) 14 New and cheeky (5) 15 Outwit the rest crookedly, being a cheat (7) 16 Hers, higgledy-piggle-dy, are put into the clipper829 words
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INTERNATIONAL STOCKS
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342 1984-07-07 8 NYT THE International Business Machines Corp, which suffered its first setback in the consumer market when sales of its PC Jr home computer fell far below expectations, appears to be facing a similar problem again this time with the portable version of its personalNYT - 342 words
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Article99 1984-07-07 8 AP VOLKSWAGEN, Germany's biggest carmaker, plans to release details of its production losses at the annual shareholders' meeting in Wolfsburg next Thursday. Company officials have said Volkswagen and its subsidiary, Audi, lost 160,000 vehicles valued at US$l billion through plant shutdowns during the strikes.AP - 99 words
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265 1984-07-07 8 UPI THE STOCK MARKET, disappointing Wall Street observers who had anticipated the beginning of a summer rally, lost ground on Thursday in the third slowest trading session of the year. The Dow Jones Industrial Average, which gained 4.20 on Tuesday, skidded 9.72UPI - 265 words
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Article141 1984-07-07 8 35 Inco 12* Ale an 34* Int Pro* P*>e ht Uts 29* 22*B Algomo 21 Bonk Mont Bonk Nova Scotia 23* 10V V* unch Kerr Add Lotolaw B 17 14* unch BP Can Ltd 24* Mos«y Ferg Mc Blodel 3* 24* inch Brascan Can Imp Bk 23* Mobon A141 words
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Article201 1984-07-07 8 JULY OS (and INDUSTRIALS Un Steel Urnsec Woolworth 120 530 1800 unch unch unch A Alpha Abercom AE And CI I95S 930 MININGS 2260 -20 455S ***** AMIC 2925 1675 50 1335 20 Butt eh 7300 -275 C G Smith 2150 -50 3706 10 CNA 280 9606 -5 490201 words
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Article720 1984-07-07 8 JULY 05 US$ ACF Muitnn Akon Akjmm AJcoo Ategheny Lud Afced Chem Cp AM Stores A in Cho*m*'\ Am Brandt Inc Am Broodcast Am Con Co Am Cyonamd Am Elic Pwr Am Express Am Home Prod Am Motors Cp Am Natural Gas Am Tel Tel Amo* Inc Amerodo720 words
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Article948 1984-07-07 8 Amsterdam JULY 05 FH ABN ***** 25 A«gon ***** 1 Ahold 183 70 45 Akio 86 70 06 AMEV 159 00 2 3 Amtos Amrotonk 61 20 03 Bcffc 32 00 unch Boh 93 00 2 Borvjmi 238 00 1 5 Boika 30 50 03 Burtct 66 20948 words
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Page 8 Advertisements
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Advertisement200 1984-07-07 8 KB vm ti I m ir.Z The Tea Garden Pnesenh. a French Revcluhari July 5-21 Voila! The best of French cuisine in the Tea Garden. Has there been a new French revolution? Ji i like to think so. During July, a full selection of ■rench epicurean delights is no longer200 words
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Advertisement154 1984-07-07 8 Spectacular Double Bill Cedric Debbie Kathy Los Amors Csjouble excitement hits ROBIN S TAVERN Two popular groups entertain from 5 15pm onwards A single group performs on Sundays and Mondays Order a glass of White Horse xITTTT: "Tx Whisky, Bell Whisky, Seager Gin, /[I Bisquit VSOP or Tiger Draught -7^154 words
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Advertisement141 1984-07-07 8 HUANG PALACE v Hong Kong Tim Sum served from 11 am to 2.30 pm (We also cater for weddings, anniversaries, birthdays and Chinese dinner functions.) hit Hr\rr,ntnut\ plrasr tall 2 t >'*il22 t \l 1*1? or It*) PRESIDENT MERLIN HOTEL SINGAPORE IKI. kmlHiiit Kiul. Siim{.i|><i {KSI |c| S'ldlJ! DINE, WINE141 words
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Advertisement114 1984-07-07 8 winmtmmm Vrand Enjoy Our Prompt Efficient Service In Cool, Quiet Cosy Atmosphere WESTERN/ CHINESE/ LOCAL CUISINE Banquets Cater For Lunch Dinner Meetings Wedding Occasions, Birthday Parties At $16/ Onwards Per Person or Other Occasion With Function Rooms (Free of Charge) For 60 And Above. Taped Disco Music for your dancing114 words
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Advertisement152 1984-07-07 8 London stocks, Pago 11 r t i' i Feng Cheng Lou for the best Teochew food in town. Discover mouth-watering delights prepared by Hong Kong chefs, feel like royalty while you dine in Oriental splendour. Open daily from: 12.00 noon 3.00 pm for lunch and 7.00 pm— 11.00 pm for152 words
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ASIAN STOCKS
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Article326 1984-07-07 9 HONGKONG: Share prices closed lower yesterday for the tenth successive day, with strong US interest rates being the major (actor. The Hang Seng Index closed 6.11 points lower at a new low for the year of 822.86. Among leaders, Cheung Kong fell 10 cents to HK56.95, China Light 10326 words
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Article201 1984-07-07 9 JULY 06 NT L»e Chong Yuan 22 80 -0 1 Al Sancar* Indus Asio Camant 8 20 30 40 -0.15 0 1 Lian Hwo Indus Non Ya Ptos 13 45 31 70 unch -05 Cothoy Cons Chang Horo Bonk Chan Loono 31 30 55 00 26 10 0 1201 words
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Article374 1984-07-07 9 TOKYO: The market closed higher yesterday in moderate trading as persistent selective buying in small and medium-sized issues more than offset liquidation in blue chips and populars. The market average rose 41.34 to close at 10,461.91, after rising 44.73 on Thursday, on a volume of 450 million shares. The374 words
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Article60 1984-07-07 9 Juty *> Bank Seoul Won 686 -2 Hyundai Corp Hyundai Motor KAL 664 617 450 703 23 27 10 3 660 866 32 696 446 8 549 19 Lucky Ltd 789 28 478 30 640 9 675 45 1010 25 630 18 755 23 Gold Stoc 809 23 63060 words
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Article379 1984-07-07 9 SYDNEY: Australian share prices closed easier yesterday under selling pressure following a sharply lower international bullion price and a weaker Wall Street. The All Ordinaries Index was down 7.5 at 668.0, the All Industrials Index was down 2.0 at 939.8 and the All Resources Index was down 11.1 at379 words
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Article184 1984-07-07 9 BANGKOK: Share prices closed lower yesterday in moderate trading with the cement group the most active, officials at the Securities Exchange of Thailand said. The Book Club Index dropped 0.88 point to 117.12 on turnover of 21.4 million baht with 187,247 shares changing hands. Siam City Cement fell eight184 words
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Article113 1984-07-07 9 MANILA: Prices closed mixed yesterday in continued dull trading, reflecting lower prices of gold and copper abroad and the tight economic situation in the Philippines. The Commercial and Industrial Index was down 1.43 at 128.50, the Mining Marker fell 1.80 to 1,017.71, and the Oils Index was unchanged at113 words
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Article49 1984-07-07 9 Reuter THE Tokyo district court has appointed two officials as receivers for Mamiya Camera Co Ltd and its three subsidiaries. The four companies applied for receivership last March because of business difficulties resulting from the failure of Mamiya's export agent, J Osawa and Co Ltd. ReuterReuter - 49 words
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519 1984-07-07 9 NYT WHEN JAPAN'S Honda Motor came to Ohio, US it did not come alone. Some of its Japanesebased suppliers are also establishing plants in the state. Since last September, Honda and the other companies have announced six projects in Ohio, including aNYT - 519 words
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272 1984-07-07 9 Reuter NICHOLAS KIWI Ltd directors have rejected a takeover bid by Castlemaine Tooheys Ltd as inadequate and urged shareholders to retain their holdings. "The proposed bid fails to recognise the benefits of the recent merger (Nicholas International Ltd and Kiwi International Co Ltd) andReuter - 272 words
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140 1984-07-07 9 Reuter TWO OF THE three Japanese beta format video tape recorder makers Sony Corp and Sanyo Electric will market Beta format videomovie cameras in the United States from next September. Sanyo Electric will market the cameras in Japan fromReuter - 140 words
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Page 9 Advertisements
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Advertisement488 1984-07-07 9 S®s <SM! M B1 Wiftere to wine, aiu mm «Mtert«ui EMMMi > V ,1 •.I if 1i Luncheon?;^* NonvaF°°iAatth«Luna something «j* thing' Tuck »n to tn« $12* The Harbour Grill presents "FESTIVAL LYONNAIS" Nou' till the 15th of July, French Master Chef Jean Fluery, from Lyon, presents a gastronomic adventure488 words
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Advertisement123 1984-07-07 9 IP Iff 51 'goffee GARDEN,' we serve son poand the clock ti yfS Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, youll find our staff friendly and efficient, our food appealing and delicious. Try our famous claypot specialities,123 words
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SHARE INFORMATION
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Article, Illustration4201 1984-07-07 10 AN ABSENCE of followthrough buying interest from the previous day and bouts of profit-taking caused share prices at the Singapore stock market to ease yesterday. At the final bell, the BT Composite Index lost 3.23 points to 813.42. The Straits Times Industrial Index4,201 words
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Article268 1984-07-07 10 SINGAPORE Rises Indices U M Flour 1100 20 Myi Mr6 Pon-EI CULS 322 16 IT Compos it* 16 65 *13 42 CCM 500 14 IT Indicator *****77 *****55 Kg Lon,ut $1 50 630 10 ITOI/OS 76 -56 Corhberg 600 10 ST Industrials ***** 903 23 SNPl 570268 words
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464 1984-07-07 10 A LACK of follow-through support caused share prices to close on a mixed to easier note at the Kuala Lumpur stock market yesterday. Trading, though fairly active, was again dominated by selected counters and second liners. Turnover increased to 7.81 million units valued at M464 words
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Article3869 1984-07-07 10 BID and offer price* officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets lirlots of 1,000 units unless otherwise specified. All Time SetUement Contracts are quoted after the word "SETT". Big3,869 words
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Page 10 Advertisements
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Advertisement8 1984-07-07 10 Business dons on ths KLSE Sos P»gs 118 words
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COMPANY NEWS
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Article578 1984-07-07 11 QBE SUPREME Insurance Bhd, the associate of Supreme Corporation which became a 51 per cent subsidiary earlier this week, is setting out fresh plans for further growth both in terms of higher premiums and branch or agency network. Executive director and chief executive Mr Vincent Tan See578 words
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487 1984-07-07 11 CHOCOLATE Products (Malaysia) Bhd (CPM) has forecast group pre-tax profits of M 52.19 million for the year ending Dec 31, 1964, compared with only $551,588 in 1983. The higher earnings projected for this year are partly due to contribution from newly-ac-quired Grand Finale Sdn Bhd487 words
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333 1984-07-07 11 INVESTMENT group Alexandra Holdings Ltd has turned in a set of lacklustre results for the year ended March 31,1964. Group pre-tax profits dropped 9.3 per cent to $978,715 from $1.06 million This took into account interest expense and provision for depreciation and amortisation. Alexandra reduced333 words
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Article2393 1984-07-07 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 Alcorn (2.168) (1) 2.14 (I) 2.16 Antoh (1.895) (19)2,393 words
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Article, Illustration310 1984-07-07 11 By HOCK LOCK SIEW SHARE PRICES move in trends and trends tend to continue until something happens to make them change their course. Such changes are usually detectable in the action of the stock itself. Following the generous bonus, rights and stock split issues Johan madeBy HOCK LOCK SIEW - 310 words
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102 1984-07-07 11 Reuter ROYAL BANK of Scotland Group PLC (RBS) is again attracting interest in the London stock market on renewed hopes of a possible bid. Market guesswork centres on RBS possibly attracting a bid after the completion of negotiations to sell its 39 perReuter - 102 words
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Article130 1984-07-07 11 MARA Bumiputra First B'putro 581 586 Second B'putro 5.28 5 33 Third B'putro Fourth B'putro 4 39 4 44 4 93 4 98 Fifth B'putro Sixth B'putro 3 42 3 47 3 38 3 43 Seventh B'putro (A) 2 22 2 27 Seventh B'putro (B) 4 05 4130 words
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Article201 1984-07-07 11 KEPPEL Shipyard Ltd announced that at the close of Its rights issue offer, acceptances were received for 73.96 million new shares, representing 94.5 per cent of the total 78.25 million shares under its rights issue. Applications for excess shares totalled 2.05 million new shares (or 2.62 per cent201 words
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Article106 1984-07-07 11 HONGKONG Australian Industrials Hong Seng Index Friday 939.8 Thursday 941.8 Fhdoy 822 86 Week ago 921.6 Thursday Week ogo 828 97 90) 07 NEW YORK Dow Jones TOKYO Thursday 1124.56 Wednesday Closed Tokyo Dow Jones Week ogo 1126.55 Friday Thursday Week ago ***** 91 ***** 57 ***** 97106 words
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Article849 1984-07-07 11 EQUITIES closed steady yesterday around the day's sharply lower levels, which were prompted by weaker sterling and the rise in UK base rates to 10 per cent from 9>/« per cent, dealers said. At 3pm, the FT 30 Index was down 11.8 points on Thursday's close at 821.7.849 words
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Article, Illustration542 1984-07-07 12 QUEK SWEE PENG - By QUEK SWEE PENG A CALL FOR non-political discussions on subjects vital to all nations interested in the development of the Asian-Pacific region was made yesterday by Dr Victor Hao Li, president of the East-West Center. Dr Li, 43, cited a recent forum at542 words
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Article, Illustration309 1984-07-07 12 SINGAPORE is the best-run country in the modern world and the most prosperous nation in South-east Asia, said the Prime Minister of Fiji, Ratu Sir Kamisese K T Mara, yesterday. He said the Republic was the epitome of cultural309 words
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Article73 1984-07-07 12 MR Isamu Yamashita has been appointed to the East-West Center's board. Mr Yamashita is the chairman of Mitsui Engineering and Shipbuilding, and the vice-chairman of Keidanren. The other two appointed members are Mr Nam Duck- Woo, the chairman of the Korean Traders' Association and the former73 words
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183 1984-07-07 12 Reuter, AP BRITAIN yesterday called in Nigeria's High Commissioner following the discovery of an exiled Nigerian politician drugged in a diplomatic crate at a British airport. The London Foreign Office laid that Britain was seeking an explanation, and General Tony Hannaniya wasReuter,; AP - 183 words
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Article, Illustration345 1984-07-07 12 THE GOVERNMENT'S move to ensure a parliamentary opposition even if none is elected is well-intentioned, but may not work. The People's Action Party's 13th candidate for the next general elections, Mr Goh Choon Kang, said yesterday that it would345 words
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Article220 1984-07-07 12 THE PAP's latest candidate for the next general elections will continue to work as a journalist even if elected. But Goh Choon Kang did not say whether he would continue in his present capacity as an editorial and specialist writer with the Lianhe Zaobao. He220 words
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270 1984-07-07 12 AFP THE TRIAL of a senior Singaporean diplomat and his best friend accused of violating the Official Secrets Act ended yesterday after five days of hearing. The verdict is set for today in view of its unprecedented nature. Senior District JudgeAFP - 270 words
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214 1984-07-07 12 BALKEN Piling has clinched the contract to supply concrete piles to the Mass Rapid Transit Corporation at $10.5 million. Under the contract, it is required to supply about 380 km of precast concrete piles for the construction of the Bishan Depot214 words
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Article52 1984-07-07 12 UPI A JAPANESE-CHARTERED tanker hit and damaged by two missiles left the Persian Gulf yesterday and headed for Europe. News reports in Tokyo said the tanker Primrose was attacked on Thursday by Iranian warplanes. Shipping officials and Foreign Ministry officials declined to confirm or deny theseUPI - 52 words
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253 1984-07-07 12 AMY BALAN - By AMY BALAN A CONSORTIUM of Japanese financial institutions has made the largest ever yen denominated loan of 100 billion yen (US$42O million) on the Tokyo capital market to the New Zealand government. Interest rate on the eight year loan, lead-managed by253 words
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146 1984-07-07 12 A SPECIAL provision to admit Hongkong lawyers and the abolition of articled clerkship are some of the amendments to the Legal Profession Act being sought by the Government. The Bill, if passed, will also give the minister the necessary powers to146 words
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Article68 1984-07-07 12 WALL STREET stocks were lower in light activity during the first 10 minutes of trading yesterday. Analysts said this was an expected move, based on an improvement to 7.1 per cent in the US civilian unemployment rate. The Dow Jones Industrial Average was off almost six points68 words
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LATE FILE
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Article41 1984-07-07 12 AP THE Thai Foreign Ministry yesterday rejected a communique issued earlier this week by the Indochinese foreign ministers, saying it was an attempt by Vietnam to drag extraneous regional issues into discussions on its occupation of Cambodia. APAP - 41 words
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Article39 1984-07-07 12 AFP CAMBODIAN Nationalist Son Sann and Khmer Rouge chief Khieu Samphan left Beijing for Bangkok yesterday after a three-day visit at the invitation of their resistance coalition leader Prince Norodom Sihanouk, their Beijing embassy said.AFP - 39 words
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Article57 1984-07-07 12 Reuter BEIRUT AIRPORT is scheduled to reopen after a five-month closure, but security sources said it could be delayed by last-minute problems. Beirut Port is also due to reopen as the Lebanese capital enters the third day of a phased plan to disarm militias and dismantleReuter - 57 words
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Article53 1984-07-07 12 Bernama THE $800 million Pulau Pinang bridge is expected to be operational by August 1986, Malaysia's Works Minister Datuk Samy Vellu said yesterday. He said that the bridge was earlier expected to be ready for use by January 1986, but there was a delay in the completionBernama - 53 words
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Article58 1984-07-07 12 Bernama MALAYSIA has turned down a formal request by Holland for the return of an 18th century Dutch merchant ship whose wreck was discovered in May in Malaysian waters. Anwar Ibrahim, Malaysian Minister of Culture, Youth Sports said he had told the Dutch ambassador to KualaBernama - 58 words
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Page 12 Advertisements
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Advertisement68 1984-07-07 12 NOTICE FAR EASTERN FREIGHT CONFERENCE NOTICE TO SHIPPEBS F.E.F.C./EVERGREEN RELATIONSHIP In view of the failure of Evergreen Line (Evergreen Marine Corporation) to abide by the terms of its Agreement with the Far Eastern Freight Conference which gave it "tolerated outsider" status, the Conference has no alternative other than to advise68 words
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Advertisement0 1984-07-07 12 (,<^&%(%*'_^.|":>%}>{/]}(_}]!</0 words
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Advertisement77 1984-07-07 12 More MRT pro-qualifiers, Page 2 I CHINA THE FUTURE AND BIGGEST MARKET FOR THE LOCAL BUILDING INDUSTRY Find out how you can carve a profitable slice of China's burgeoning building industry at. (r .0 0 s b\o O o o lH <e£. x *<> ,0 o o \0 r O77 words
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Page 12 Miscellaneous
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Miscellaneous59 1984-07-07 12 mMim Outlook for today: Fair except for showers in a few areos in the late afternoon. Report for 24 hours prior to 7 30pm on July 6 at the airport Moiimum temperature 32.2 Associated humidity 65 Minimum temperature 25.1 Associated humidity 94 Hours of sunshine 9.70 Rainfall in millimetres 0.159 words
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