The Business Times, 18 August 1984

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, AUGUST 18, 1984 60 CENTS
    12 words
  • 430 1  -  Sales to top 10 markets providing the power behind growth By BOEY KIT YIN SINGAPORE'S top 10 export markets provided the power behind a 13 per cent increase in exports in the first half of this year. Sales to the
    430 words
  • 477 1  - The choice is yours lose the 'L' or lose your bike? By YAP BOH HOON IN THE NEXT 13 months, some 95,000 "L" motorcylists will be constantly reminded that they may lose their motorbikes if they do not pass their riding tests by next October. A campaign to encourage them
    477 words
  • 160 1 SINGAPORE Airlines has denied taking action to frustrate Air Lanka in its attempts to fly to Japan and Australia from Singapore. It said reports in some foreign travel magazines that SIA was frustrating Air Lanka's plans to fly to Tokyo and Australia from Singapore were
    160 words
  • 89 1 JSTA PL ETON Roy, a career US foreign service officer, has been named the new American Ambassador to Singapore. When confirmed by the Senate, Mr Roy will succeed Harry ET Thayer, who was recently named the director of the American Institute in Taiwan.
    89 words
  • 221 1 THE STOCK Exchange of Singapore's handling of the Pan-Electric affair has been described as "badly thought out, crudely executed and lacking logic". Echoing the sentiment expressed by "a substantial investor in Singapore", another reader—a chartered accountant wrote to the Editor of BT:
    221 words
  • Article, Illustration
    71 1 SHARE prices at the Singapore stock market eased yesterday, with declining issues outpacing advancing ones three to one. Brokers say the market is digesting the gains made daring the recent steep-ran. But once the correction is over, it shonld resume its upward movement. At the final bell, the
    71 words
  • 339 1 THE Motor Traders Association of Singapore reported less sales by its members of passenger cars and commercial vehicles but not taxis for the first half of the year. Overall sales of vehicles dropped by 19.6 per cent from 21,900 units in the same period
    339 words
  • 465 1  -  By MONICA GWEE THE COMING election will test the quality of younger voters and not the younger leaders. This group of voters will form the decisive majority in the 1990s and how they vote will give them the government they
    465 words
  • Page 1 Advertisements
    • 61 1 'TECHNICAL conference AND WORKSHOP SESSIONS Eminent technologists trom 10 countries presenting the latest in electrical electronic engineering il For more information, call:- We offer you one of the highest interest rates la% *p.a SAVINGS ACCOUNT X B»a. Rates are subject to change without notice IB BANQUEINDOSUEZ 3 Shenton Way Shenton
      61 words
    • 271 1 MSB SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGES 5 THE Institute of Systems Science is moving into its new $18 million fourstorey building next week where research ond consultancy projects have been planned. Page 2 JOHN De Lorean, the former car maker who has constantly battled with authority, won
      271 words
    • 16 1 Letter to Editor, Page 6 Full report, Pag* 10 International stocks, 8 Asian stocks, Pag* 9
      16 words
    • 145 1 Interfama organised show Tel *****12 When business or pleasure takes you travelling, your CLARK HATCH membership entitles you to full use of any of the 10 CLARK HATCH PHYSICAL FITNESS CENTERS located throughout Asia. The staff of CLARK HATCH PHYSICAL FITNESS CENTERS will design a special programme for your individual
      145 words

  • HOME NEWS
    • 521 2  -  By LEE HAN SHIH EIGHT of the many thousand brains in the Housing Development Board have come up with a good idea to save HDB a lot of money and trouble. The problem is that the idea still needs some improvement. The idea, by eight
      521 words
    • 347 2  -  By JEFFREY TSANG THE INSTITUTE of Systems Science is moving into its new $18 million home next week, where research and consultancy projects have been planned. The four-storey building will have everything its staff would need for research an opticfibre cable
      347 words
    • 175 2 THE Soviet Union has again accused the United States of blocking talks on the limitation of nuclear weapons. Mr Vladimir Taranenko, First Secretary of the Soviet Embassy in Singapore, said this blocking makes disarmament impossible. It also reflects US attempts to militarise space. The
      175 words
    • 179 2 THE COOKIES are crumbling the right way just now for the ambitious Allied Chocolate Industries, which yesterday opened two more retail outlets, taking its total in Singapore to five. The latest additions are a cookie shop and a chocolate store at Changi International Airport. The openings are
      179 words
    • 149 2 TWO RELATED companies, Tempco Engineering Pte Ltd and Panbee Fibre Pte Ltd, have teamed up to offer one-stop shopping for companies making sophisticated equipment and products. Together, Tempco Engineering and Panbee Fibre offer services that include the design, manufacturing and assembly as well as sourcing
      149 words
    • 290 2 THE HUMAN FACTOR takes the limelight again as this year's National Productivity Congress focuses on people management for an effective workforce. About 500 employers, senior executives and managers, government and union officials, are expected to gather on Aug 17 and 18 at the Shangri-La
      290 words
    • 55 2 THE stretch of Cuppage Road from Kramat Road to Orchard Road will be closed from tomorrow for the construction of a pedestrian mall by the Urban Redevelopment Authority. Motorists proceeding to Orchard Road are advised to use Cavenagh Road or Koek Road. Traffic signs will
      55 words
  • Page 2 Advertisements
    • 379 2 4' »*>•. 1* j» I Are you half as good as you are? R I i V 9 m IB s N j# Increase your Productivity through... The Time Manager Seminar Ist Seminar: September 11 12,1984 2nd Seminar: September 17 18,1984 HUNDREDS OF COMPANIES AND OVER 350,000 PEOPLE WORLDWIDE HAVE
      379 words

  • OVERSEAS
    • 352 3 FP THE INDIAN government on Thursday rejected a demand for a break in diplomatic relations with Sri Lanka as concern grew in New Delhi over the death toll in clashes between security forces and Tamil separatists in the neighbouring island republic. The
      FP  -  352 words
    • 131 3 Reuter PARAMILITARY reinforcements were being rushed to Hyderabad yesterday, where the ousted state chief minister had called for a general strike in protest against his dismissal. Police sources said that three companies of the central reserve police, totalling 1,000 men, were due from New Delhi to
      Reuter  -  131 words
    • 644 3 AP AN ANCIENT Chinese proverb says: "The best way to avoid punishment is to fear it", a principle China's leaders said they have successfully practised in the past 3. months. A series of public executions of robbers, rapists, murderers and lesser criminals socialist
      AP  -  644 words
    • 184 3 AP A GROUP of Western scientists, including six Nobel prize winners, had offered to trade places with Dr Yelena Bonner, wife of dissident Andrei Sakharov, if that would convince Soviet officials to let her go abroad for medical help.
      AP  -  184 words
    • 124 3 AFP THE Netherlands has stopped paying this year's subscription to Unesco (the Paris-based UN Educational, Scientific Cultural Organisation) to protest the misuse of US$BO million left over from last year's contributions, a Foreign Ministry spokesman said in The Hague. The Dutch spokesman said Unesco was
      AFP  -  124 words
    • 262 3 AP SAUDI ARABIA and three other Arab countries have secretly supplied South Africa with the bulk of its oil in spite of a worldwide embargo designed to protest against the country's racial policy. A survey conducted by the American-Israel Public Affairs
      AP  -  262 words
    • 152 3 Reuter THE SAUDI Arabian state oil company Petromin will be responsible for the sale of the crude oil being used to pay for the 10 Boeing 747-300 aircraft and engines being purchased in a barter deal by Saudia, the Saudi national airline. A Rolls-Royce Ltd spokesman in London
      Reuter  -  152 words
    • 223 3 AFP THE EUROPEAN Commission has launched a programme to promote the use of computers in the publishing industry to eliminate paper in the exchange of information within the European Economic Community. EEC sources in Brussels said yesterday that the programme, dubbed Docdel
      AFP  -  223 words
    • 729 3 Authorities condemned for entrapment tactics Agencies JOHN De Lorean, the former car maker who has constantly battled with authority, won the fight of his life on Thursday when he was found innocent of attempting to deal in cocaine worth US$24
      Agencies; UPI  -  729 words
    • 241 3 AP REPUBLICAN conservatives and moderates on Thursday fought over the wording of their party's campaign statement while their leaders fretted that over-confidence could undermine President Ronald Reagan's re-election hopes. Meanwhile, problems continued to hound Democratic presidential candidate Walter Mondale. His running mate, vicepresidential candidate Geraldine Ferraro,
      AP  -  241 words
    • 66 3 UPI UN Secretary-General Javier Perez de Cuellar signed an agreement on Thursday that will provide satellite links between New York and UN peace-keep-ing and relief units in the Middle East. Under the five-year agreement the UN will pay Intelstat US$2OO,OOO a year for the use of its
      UPI  -  66 words
    • WORLD IN BRIEF
      • 86 3 A POLL in the US released on Thursday shows Republicans Ronald Reagan and George Bush with a 23-point lead over Democrats Walter Mondale and Geraldine Ferraro in the November race for the White House. The nationwide telephone survey by the US television network, NBC News, found that 58
        86 words
      • 61 3 UNITY TALKS between Israel's Labour Party and Prime Minister Yitzhak Shamir's Likud bloc appeared headed for collapse with each side blaming the other for the stalemate. Although Labour and Likud committees were to hold more discussions on an emergency programme to heal the Israeli economy, Israel television said that
        61 words
      • 57 3 US FACTORIES, mines and utility companies used 82.5 per cent of their capacity in July, the most since March 1980, the Federal Reserve said on Thursday. Increases in the manufacture of business equipment, a surge in coal output and other effects of the continuing economic recovery accounted for
        57 words
      • 81 3 THE Philippines National Bureau of Investigation is investigating a horse-race gambling syndicate said to be operating between the Philippines and Australia, the Philippine News Agency said. It said the investigation was requested by the Australian embassy in Manila, following the arrest early this month of 10 Australians alleged by
        81 words
      • 55 3 Agencies THAILAND'S trade deficit in April increased to U*****.78 million from $335.04 million in the same month last year, the Bank of Thailand said on Thursday. Exports totalled $572.26 million, up 25.54 per cent from a year ago, while imports were up 17.60 per cent to $930.04 million,
        Agencies  -  55 words
    • 746 3 ARRIVALS Operator Service Local From number time PAA PA5 0020 JFK/SFO/HKG CMCI331 0150 TPE MAS MH68I 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH601 0905 KUL SV SV386 0910 JED/RUH MAS MH67I 0935 KUL MAS MH81I 0940 PEN CAL CI806 0945 HLP RBA
      746 words
    • 482 4 AP CHINA-US trade relations, already strained by a stalled nuclear cooperation agreement, are facing new pressure from tightened US clothing import rules that China claims could seriously hurt its textile industry. Under the US "country of origin" custdms regulations schedule to go into effect
      AP  -  482 words
    • 96 4 Reuters PRESIDENTIAL adviser Raul Prebisch has called for urgent changes in Argentina's economic policy. In an interview on Thursday, he said Argentina now faces hyper-inflation and need "to take a series of energetic measures" immediately. Argentina's creditor banks refused this week to
      Reuters  -  96 words
    • 197 4 AFP DISGRUNTLED container-trac-tor owners in Hongkong yesterday threatened a strike, which could paralyse the British colony as the world's second largest container port, if the government refused to cut hefty increases in licence fees. The government has proposed to raise the licence fee from HKS7OO
      AFP  -  197 words
    • 195 4 Reuter A BRITISH High Court judge has ruled that funds of almost £707,000 seized from the South Wales area of the National Union of Mineworkers remain with sequestrators until the union has purged its contempt of court. Justice Hutchison authorised that the £50,000 fine imposed
      Reuter; UPI Photo.  -  195 words
    • 122 4 Reuter AN INVESTIGATION by the Frankfurt Public Prosecutor's Office into the manager of Schroeder, Muenchmeyer, Hengst und Co's (SMH) Hamburg office has been called off and no charges will be brought, public prosecutor Rheinhard Rochus said. The bank's Hamburg office manager,
      Reuter  -  122 words
    • 312 4 UPI THE BRITISH government was under increasing pressure on Thursday to ban the use of plastic bullets by police in Ulster, following incidents this week in which one man was killed and at least 75 people were injured. Police fired
      UPI  -  312 words
    • 219 4 Reuter DEFECTS in an engine of the US Navy's Trident I nuclear missile have forced the recall of more than a dozen deployed missiles and raised doubts about hundreds more, according to congressional investigators. Problems with the submarine-launchedi nt e r c on
      Reuter  -  219 words
    • 247 4 Reuter THREE US Navy helicopters have started searching Saudi Arabian waters in the first stage of an international operation to clear the Red Sea and Gulf of Suez of mines which have hit at least 17 ships in the past month. A
      Reuter  -  247 words
  • Page 3 Advertisements
    • 39 3 Pan Am. Daily 7475P To USA. It Flies Smoother, Faster And Quieter. THE GREAT BOOKS For those interested in Intellectual Enjoyment -443 great works by 74 authors in 54 volumes Call STP Distributors Tel No: *****44/*****28 I ¥V\ AM
      39 words

  • RAW MATERIALS
    • 155 4 Chinese Produce Robusta 20/25% FOB NSW 481 50 Exchange Nutmeg (Sellers noon closing prices on Aug 338 00 17. S$/100 kg) 110 FOB NSW B W FOB NSW 239 00 Coconut oil Gambier Bulk FOB ***** FOB NSW 305 00 Old drum FOB 223 00 New drum FOB
      155 words
    • 136 4 Singapore (S$/kilo, ex-godown) Thai white 100% 1st class (kongoroo) new crop 1.05 100% 2nd class 077 100% 3rd class 0.75 25% new crop No stock B-10% No stock Thai broken A-super 0.65 Special 0.60 Thai rice 55% No stock China rice 10% 092 15% No stock 25% No stock
      136 words
    • 224 4 SINGAPORE The market closed easier yesterday with September One RSS buyers quoted at 187.25 cents per kg, down three quarter cent from Thursday. The morning session opened one cent lower following easier London advices and lost further ground subsequently on speculative selling of September and October One RSS in
      224 words
    • 341 4 RAS prices (in S cents/kilo, FOB in bales) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS prompt 182 25 183 25N 183 25 184 25N Int 1 RSS Sep 186 50 187 00 187 25 187 75 kit 1 RSS Oct 191 25 191 75 *****
      341 words
    • 110 4 (in cents/1 ton pallet*) September October (current mth) (forward mth) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 190 00 192 00N 192 00 194 OON SSR 50 188 00 190 OON 190 00 192 OON MRELB Buyers Sellers Buyers Sellers SMR CV 231 50 233
      110 words
    • 84 4 THE Straits tin price in Peiuuig yesterday stayed at the ITA floor level of M 529.15 per kg on continued shortage of demand. A weaker London close and sterling's fall against the Malaysian dollar left the price here at a £211 per tonne premium over the spot price
      84 words
    • 107 4 CHICAGO wheat futures closed 1'« to 1 cents per bushel higher in fairly light trade on Thursday. Values held mid-session gains, supported by additional professional buying late. C&D Commodities bought as much as 3.3 million bushels of December on the day. which kept prices firm in the thin activity.
      107 words
    • 165 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 3,450 Blue Phoenix 20's 3,550 Blue Phoenix 32's 3,900 Blue Phoenix 40's 4,350 Carded yarn, hank Blue Phoenix 21's 3,600 Combed yarn, cones Blue Phoenix 32's 5,250 Blue Phoenix 40's 5,450 Open-end yarn Blue
      165 words
    • 152 4 MALAYSIAN crude palm oil prices yesterday eased in thin and cautious trading amid operators concern over the failure of Socoil Corp Bhd. a leading Malaysian palm oil refiner and shipper. In the August position, south region fell M 57.50 to $962.50 per tonne, central $5 to $965 and
      152 words
    • 96 4 CHICAGO soybean futures rallied on Thursday from the negative side late to close 6 1 2 to 3' 2 cents per bushel higher in active trade. November closed at the high end of a 14 cent range. November prices pierced Wednesday's high of $6.61 per bushel just before the
      96 words
    • 866 4 COFFEE Robusta futures yesterday ended a subdued morning session £19 to £10 above the previous close. September closed at £2,307, £11 up. Prices firmed on light commission house buying influenced by constructive chart indications after the chart on November between £2,294 and £2,300 was filled on Thursday. Some
      866 words

  • MONEY AND EXCHANGES
    • 599 5 SINGAPORE: The dollar closed slightly lower against most major units yesterday after fluctuating narrowly in light trading. There was no clear trend for the dollar as the market remained confused over US economic figures. It closed slightly weaker at 240.60/70 yen compared with New York's 241.25/40 close and
      599 words
    • 48 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from Aug 20 to 24: Offered: $70,000,000. Applied for: $89,000,000. Allotted: $70,000,000. Accepted bids: $99.25 approximately 88 per cent; higher bids fn full. Average rate of discount on allotment: 3.010 per cent per annum.
      48 words
    • 121 5 THE OVERNIGHT rate edged up by 1/16 per cent to close at 81/4 per cent on the Singapore interbank market yesterday. The one-month rate also increased by 1/16 per cent but funds for two and three months remained unchanged. S$ interbank rates at 3pm yesterday Offer Bid Overnight
      121 words
    • Article, Illustration
      237 5 Asian market ASIAN dollar deposit rates closed steady yesterday at slightly firmer opening levels in quiet afternoon trading. Interbank deposit rat** US$ Offer Bid 7 days 11 3/4 11 5/8 1 month 11 3/4 11 5/8 2 months II 7/8 11 3/4 3 months 11 15/16 1113/ 16 6 months
      237 words
    • 253 5 Interbank rates at 3p m Currencies Nominal rat M Smrthaontan quol#d |r(fttrdsy croea parity change Local dollars to one unit of foreign currency: US dollar 2 1405 2 1415 ***** -24 08 Sterling pound ***** 2 8385 7 3469 -61 41 Australian doMar 1 8140 1 8170 3
      253 words
    • 287 5 SINGAPORE Futures recovered slightly from early losses in moderately active trading on some late buying yesterday, but still closed lower than New York's levels. December, the only traded position with a turnover of 773 lots, closed at U*****.40 an ounce against New York's $362.00/362.30 close and compared with an
      287 words
  • BANKING AND FINANCE
    • 363 5 Reuter TAIWAN is facing the problem of success how to halt the appreciation of its currency against the US dollar, bankers say. The Taiwan dollar, in defiance of international market trends, rose to a two-year high of 39.03 against the dollar last week
      Reuter  -  363 words
    • 211 5 Reuter THE Bank of England has cautiously signalled its desire for lower interest rates by cutting some of its money market dealing rates by V* point, market sources say. The move caught the markets by surprise as the bank does not normally cut its dealing
      Reuter  -  211 words
    • 187 5 Reuter SUMITOMO Bank plans to offer a five-year foreign currency deposit account, the longestterm depository instrument of any Japanese city bank, subject to Finance Ministry approval, banking sources say. At present, city banks are allowed foreign currency deposit accounts of up to two years
      Reuter  -  187 words
    • 696 5 Treasury issues warning on tax evasion UPI, Reuter THE US has cleared the way for the sale of tax-free securities to foreign investors, but warns Americans who see them as a tool for tax evasion to stay away. US Treasury Secretary Donald Regan on
      UPI,; Reuter  -  696 words
    • 323 5 Reuter THE EUROBOND market showed little, if any reaction, to statements by US Treasury Secretary Donald Regan concerning the treatment of US debt sales for non-US investors, bond market dealers said. Last Friday, Mr Regan alleviated fears of a massjve shift in the
      Reuter  -  323 words
    • 165 5 Reuter FRENCH bank and savings bank interest rates should remain stable for the foreseeable future following declines of between and one percentage point announced this week, economists at leading state owned banks say. "The essence of what had to be done is done," said
      Reuter  -  165 words
    • 167 5 Reuter ECUADOR has begun talks with the International Monetary Fund (IMF) on a new financing agreement as part of a move to reschedule its foreign debt, which total US$6.6B billion. Finance Minister Francisco Swett says creditor banks have called for a new pact with
      Reuter  -  167 words
  • Page 5 Advertisements
    • 278 5 Republic National Bank of New York A subsidiary of REPUBLIC NEW YORK CORPORATION Consolidated Statement of Condition (In Thousands) June 30. 1964 ASSETS Cash and demand accounts Interest bearing deposits with banks Precious metals Investment securities Federal funds sold and securities purchased under agreements to resell Loans, net of unearned
      278 words

  • FEATURES
    • 720 6 Letter to the Editor DEAR SIR, I read with great interest the letter from "A substantial investor in Singapore" which appeared in your Letter to the Editor column on Aug 14, 1984. I am sure many shareholders of Pan El and investors in
      720 words
    • 876 6  -  By MICHAEL ROSS UPI LONGEVITY has always been venerated by the Japanese but now, for the first time, long life is also posing serious problems. Due to a nearly 50 per cent increase in life expectancy and an even larger drop in birth rates
      UPI  -  876 words
    • 1144 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL Location P Fillmore 138/3 ***** 2000 APL TA 3 0700-0800/0700-0800 P3/S3 Sea Prelude 32 18 8.84 2300 Eastern M TA 3 0900-1100 P4 E Greet 001RW ***** 2359 G Asia FSB 1100-1200 P2
      1,144 words
    • 493 6 THE measures suggested earlier this week by the Board of Film Censors to control the spread of "undesirable" videotapes in Singapore represent a classic case of trying to squeeze the chicken back into the egg and pretend that it has never been born. The censors
      493 words
  • Page 6 Miscellaneous
    • 1173 6 J TO m mm i HIGHLIGHTS Saturday Night Movie 11.50 pm Channel 5 Cleopatra Jones Female secret agent, Cleopatra Jones, works for the government. A karate expert, she shows off her powers on drug traffickers and peddlars. Centrestage 8. pm Channel 12 Othello Shakespeare's tragic tale of the crazed Moor,
      1,173 words

  • TIME-OFF
    • 763 7  -  What keeps some people working at the machines late into the night? By JEFFREY TSANG VICTIMS CAN be easily identified by their bleary eyes and an allconsuming passion to sit 18 inches away from a TV screen 20 hours a day, any day of the week. It's
      763 words
    • 341 7 CONCERTS Regular Concerts at the WTC Auditorium. Cellists Markus Stocker and conductor Choo Hoey will give one more performance tonight. Today, 8.15 pm at the World Trade Centre Auditorium. Tickets: $15, $10, $7 and $4. Ticket office at WTC opens at 7.15 pm DANCE The fourth annual Dances
      341 words
    • 792 7  -  By BRIAN MILLER FORMER Singapore Sportswoman of the Year, Adelene Wee will not be around when the region's top bowlers square up in the finals of the Singapore International bowling championships at the Kallang Bowler Drome this weekend. The 19-year-old bowler, who was voted
      792 words
    • 363 7 ON STAGE, Patricia Lee cuts a tiny figure. The keyboards, which she handles efficiently, block her from view and from the spotlights. She's a wisp of a girl a talented oixie. Small wonder they call her "half pint", and that's being a little
      363 words
  • Page 7 Advertisements
    • 463 7 It TIMES CONFERENCES PRESENTS THE MOST AUTHORITATIVE CONFERENCE ON INVESTMENT MANAGEMENT: MARKETS, TECHNIQUES AND STRATEGIES 13. 14. 15 SEPTEMBER. 1984. SHANGRI-LA HOTEL. SINGAPORE W CONFERENCE CHAIRMAN Mr Steven G Edersheim, Manager/Vice President- International, Drexel Burnham Lambert SPEAKERS AND TOPICS 3 IMPACT OF THE U.S. ECONOMY ON INTEREST AND EXCHANGE RATES
      463 words
  • Page 7 Miscellaneous
    • 784 7 TOiKCHOa ®aU3ssMa(i) CRYPTIC PUZZLE ACROSS 9 Not in love madly hereafter (5-4) 10 Not prepared to play inside, I'm put to ploy outside (9) 12 Hints the letters will be read aloud (4) 13 Turn it down? Give over' (4, 2) 14 The material has been provided by a Miss
      784 words

  • INTERNATIONAL STOCKS
    • 247 8 Reuter STANDARD Telephones and Cables (STC) and ICL, Britain's largest computer maker, have agreed on terms for a merger which will create a new electronics group able to compete on world terms. STC's first bid of £360 million was promptly rejected by ICL
      Reuter  -  247 words
    • 133 8 Reuter FINANCIAL Corp of America (FCA) denies it has postponed a scheduled 120 million Swiss franc debenture issue, but says the issue cannot go forward until it is approved by the Federal Home Loan Bank Board. A Financial Corp spokesman says the company has
      Reuter  -  133 words
    • 75 8 Reuter ROYAL Insurance Co PLC finds growing evidence that it is seeing the bottom of the US general insurance market's cycle, but it is too late for any benefit to flow through to results before 1985. The company's mid-year statement says the group's comprehensive restructuring plans
      Reuter  -  75 words
    • 295 8 UPI THE STOCK market rebounded from its worst setback in a month with a sharp gain on Thursday in moderately active trading, due to a mid-afternoon burst of buying. Prices spurted on rumours that the Federal Reserve might cut the discount rate it charges
      UPI  -  295 words
    • 189 8 AUG 16 C$ Hud Bay Mm Imp CM 38 H Inco 14* unch Atxt*» 30 m Int Prov Pipe 3m Ale on 38* Int Uts 25-i B Algoma 21 Intl Ntckd Bonk Mont 24 Kerr Add !Z 16* Bonk Nova Scotia 12 unch Loblow B 15* Bel Tel 33
      189 words
    • 193 8 AUG 16 Rood Trust Bk 255 -5 Un Steel 107 INDUSTRIALS Umsec 530 A Alpho 780 unch Woohwocth ***** Abercom 140 unch MININGS AE And CI 790 5 Anglos 2240 35 AMIC 2750 Anglvool 1800 -25 Barlows 1185 -25 7650 -?S 8006 10 500 CNA 205 -5 1050 10
      193 words
    • 745 8 AUG 1* US$ ACF Mullfm Akon Alumn Alcoa Alegheny Lud Alcd Chem Cp Alied Stores Al»-Chatmers Am Brondi tnc Am Broodcost Am Can Co Am Cyanamd Am Eltc Pwr Am Express Am Home Prod Am Motors Cp Am Notvral Gas Am Tel Tel Aman Inc Amerodo Hess AAtf
      745 words
    • 981 8 Amsterdam AUG 16 Fh ABN 304 00 25 Aegon ***** -05 Aho4d 192 00 1 Akio 89 70 -0 3 AMfV 155 20 -1 3 Amfai Amrobnfc 52 70 -0 3 Berk 32 90 -0 5 Boh 88 70 -1 3 Borsum>| 225 00 -4 5 Boiko 25
      981 words
  • Page 8 Advertisements
    • 230 8 r _The Summer ftilaue. pnudk piwrrts j sfx> uil iuix+nn menu W can think of sixteen reasons why uou should try our unique new menu... Braised fish maw soup with crab meat, braised fungus soup with assorted meat, braiseii bean curd with vegetables, braised diced chicken with fresh milk, deep
      230 words
    • 147 8 Spectacular Double Bill Cedric& Debbie Kattiy Los Amors r CV?t)uble excitement hits ROBIN S TAVERN Two popular groups entertain from 5 15 p m onwards A single group performs on Sundays and Mondays Order a glass of White Horse /^<TTTTT"r > X Whisky, Bell Whisky, Seager Gin, I Bisquit VSOP
      147 words
    • 191 8 The President Lounge presents 7te sweet sounds of tfulSfufatyak ®a wl) m ill V *a m tmL The Nightingales, a captivating aU-prl band Irom I Ji»an will ting your favourite numbers while \ou unwind alter a hard dav's work with a favourite drink Relax with Ihe Nightingales and Ihc New
      191 words
    • 119 8 I 7&rand 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 dancing pleasure.
      119 words
    • 135 8 London stocks, Pago 11 M Feng Cheng Lou for the best Teochew food in town. Discover lV mouth-watering delights prepared by hong Kong chefs. And feel like ftjy 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 for
      135 words

  • ASIAN STOCKS
    • 406 9 HONGKONG: Share prices closed barely steady yesterday after a day of quiet and featureless trading. The lack of any strong feeling that a local interest rates cut is imminent helped to make trading lacklustre. Among leaders, China Light eased 10 cents to HK512.50, Cheung Kong held at $7.75, as
      406 words
    • 283 9 AUG 17 NT Chem Indus 20 90 -04 Lien Hwa Indus 14 05 -0 15 A* Sincere Indus 7 40 -0 1 Non Ya Plas 31 30 -03 Asia Cement 25 40 urvch Pocitic Cons 28 20 -03 Cathoy Cons 3050 -02 Pacific Elect Chang Hwa Bank 60 00
      283 words
    • 451 9 TOKYO: Share prices closed firmer yesterday after a day of light trading which featured early demand for popular Japanese issues due to the overnight Wall Street recovery, but there was no sustained follow-up buying in late trading. The Tokyo Stock Exchange Index gained 3.09 to 808.86, with 260 million
      451 words
    • 93 9 Aug 17 Won Hyundoi Corp 999 -12 Hyundoi Motor 640 -4 K AL 504 13 Bonk Seoul 671 Korea First 730 •5 Choheung Bk 665 -5 Korea Oil 1195 -6 Commercial Bk 701 unch Korea Ship 425 -1 5 Doeltm Ind 620 -5 Lucky Ltd 815 Daewoo Corp 523
      93 words
    • 478 9 SYDNEY: Australian share markets closed mixed yesterday, with market indicators mostly easier while rises outnumbered falls. Traders ignored Wall Street for the second consecutive day and sellers concentrated on blue chips. At 1500 local time, the All Ordinaries Index was 2.1 points lower at 733.9 points, the All Industrials
      478 words
    • 193 9 BANGKOK: Stock prices closed mainly lower yesterday for the first time in a week in active trading as investors took profits. The Book Club Index fell 0.38 point to 120.15 on turnover of 1.1 million shares, compared with 1.7 million on Thursday. Siam Citizens rose another 11 baht to
      193 words
    • 170 9 MANILA: Share prices closed generally easier yesterday in trading which continued dull because of the Philippines economic situation. The Commercial and Industrial Index was down 0.28 at 111.18 and oils eased 0.005 to 0.0657. The Mining marker rose 11.65 to 927.47. Philex B firmed to 0.12 from 0.11. Benguet
      170 words
    • 60 9 AFP MITSUBISHI Corp said it would buy three Boeing--747 jumbo jets and lease them to Australia's Qantas Airways. Mitsubishi officials says the three 427-seat aircraft are to be bought from Boeing maker for US$lOO million each. They said the leasing fee would be at
      AFP  -  60 words
    • 451 9 SEVERAL Malaysian interests are taking on an increasing role in Western Australia's hotel-re-sort boom. According to the Australian Financial Review, the surge of building and development is linked to the America's Cup defence but the companies involved see a longer-term future for the hotel industry.
      451 words
    • 66 9 Reuter FUJITSU will monitor any further developments in the agreed merger between Standard Telephones and Cables (STC) and ICL before making a decision on whether to alter a cooperation agreement with ICL, according to a Fujitsu spokesman. Under a 10-year technology agreement signed in 1981 between ICL
      Reuter  -  66 words
    • 155 9 Reuter FRENCH motor manufacturer Citroen said it was still confident of concluding an agreement for a major joint car production venture with China. Citroen's comments followed a statement from its main rival for the contract, West Germany's Volkswagen company, that it was
      Reuter  -  155 words
    • 88 9 Reuter SMITH, Kline and French (SKF) and American Cynamid Co, both of the US, Ciba Geigy of Switzerland and Sankyo of Japan are reducing their holdings in their Indian subsidiaries to 40 per cent to meet government foreign ownership requirements. The government has asked SKF
      Reuter  -  88 words
  • Page 9 Advertisements
    • 226 9 T ir.fil 9wenty A special time that's worth celebrating! We've got a special Nonva Buffet laid out for you till August 31. Several new items have been added to our famous fare. What's more, even patron who spends 525 at the Luna Cx>ffee House during this period will be entitled
      226 words
    • 135 9 T;-wm w sP *g3 The authentic taste ot Japan A Japanese manager Japanese Chefs A sushi counter, four teppanyaki griddles, a spacious a la carte restaurant and several tatami rooms Open for lunch and dinner Set Luncrt from Sl7 subject to 10% service charge and 3% CESS A© Century Park
      135 words
    • 109 9 /&v PH <§ w Peninsula f Coffee nouw Level 5. Peninsula Hotel ill 'I i P 24-hour Coffee m House where much more than just coffee is served. [Hospitality. Atmosphere. Scenic view. 'Menuful' of local and continental favourites. Daily Set Lunch (Local* Western) Each day, a local favourite is selected,
      109 words
    • 125 9 rill your lunch hour with endless variety. Choose from the Ifin of happiness one price menu. An endless selection of specialities for only $24.00 per person. < 9m> CM D* pr jW*i kWww"* «(ykrS»a rr3-b D"«* m FricJ KM <*<>«•* Jvjscii U^ctittcs srafctSW Almool fudd^a jnd mucH murt wv--Owe* Va
      125 words
    • 113 9 At r GOFFEE GARDEN,* we serve yoa poand the dock fr, s. 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 clavpot specialities, Hainanese
      113 words

  • SHARE INFORMATION
    • 4284 10 SHARE prices on the Singapore stock market ended lower for the third consecutive day yesterday as' investors turned cautious. The BT Composite Index lost 3.94 points to 828.22 while the Straits Times Industrial Index gave up 3.76 points to 936.68. Most share prices
      4,284 words
    • 273 10 SINGAPORE Rises Indices H Leong Credit 590 G I Lite 1830 Kentucky Spore 480 M B F Hides 50* 245 MSF Corp 50« 255 Tronoh Mnti 920 ICI 650 Seio«9<>r Dredg 600 F i H 570 Falls 40 30 20 15 13 10 10 10 10 ■T
      273 words
    • 392 10 THE Kuala Lumpur stock market closed on an easier note yesterday in light trading. Turnover dropped to the lowest level for the month at 7.7 million units valued at M 520.9 million from Thursday's 8.06 million shares valued at 121.81 million. Shares opened at
      392 words
    • 4354 10 BID and offer prices officially luted and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time SetUement Contracts are quoted after the word "SETT".
      4,354 words
  • Page 10 Advertisements

  • COMPANY NEWS
    • 219 11 saoas? pito By HOCK LOCK SIEW IN A PREVIOUS review (June 9) when TDM Bhd was in the midst of tracing out an aggressive uptrend I said: "It appears that TDM is still maintaining its final uptrend of the Eiffel Tower pattern it is building
      By HOCK LOCK SIEW  -  219 words
    • 97 11 HONGKONG Hong Seng Index Australian Industrials Friday 1024.9 Thursday 1023.1 Friday 908 34 Week ago 930.2 Thursday 906.19 Week ago 964.21 NEW YORK Dow Jones TOKYO Thursday 1209.14 Wednesday 1198 98 Tokyo Dow Jones Week ago 1132.44 Friday *****.48 Thursday *****.24 Week ago *****.93 Standard and Poors Thursday
      97 words
    • 216 11 Managers' prices for Aug 18 20 Singapore Unit Trust The Commerce 3.06 3.25 The Savings Fund 1.92 2.04 S'pore Prog Fund 1.37 1.45 S'pore Sec Fund 2.00 2.12* S'pore Invest Fund 1.17 1.24 S'pore Equity Fund 1.36 1.44 Asia Unit Trust Second B'putro Third B'putro Fourth B'putro Fifth
      216 words
    • 210 11 INTRACO Ltd has turned in a moderate improvement in earnings for the first-half year to June 30, 1984. Group pre-tax profits rose 9.8 per cent to $3.74 million from $3.41 million a year ago. But group sales were up a sharper 35.5 per cent
      210 words
    • 210 11 RALEIGH Cycles and its associates have secured another four seats on the board of General Lumber Holdings Bhd. The latest new directors include Messrs Low Chan Tian, Abdul Karim bin Ahmad Tarmizi, Ng Kon Loong and Abdul Rashid bin Abdul Manaff. All four are believed
      210 words
    • 463 11 THE Kuala Lumpur Stock Exchange has asked for a review of Bank Negara's guidelines for commercial banks, especially with regard to access by stockbroking firms in obtaining banking facilities. This was one of the six points raised in the KLSE's memorandum to
      463 words
    • 373 11 HWA HONG Manufacturing Co Ltd, which recently acquired Singapore Warehouse, is set to exceed its pre-tax profits forecast of $6 .3 million for the current year ending Dec 31. At half-time, the traditional edible oils manufacturer, which diversified into property and construction after the
      373 words
    • 2836 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 Ajmomoto (3.905) Alcorn (2 I2S) (2) 2 14 (I)
      2,836 words
    • 964 11 SHARE prices closed slightly firmer yesterday after a quiet day's trading, with sentiment buoyed by further UK base rate cuts, to 10'/2 from 11 per cent, and the firmer trend on Wall Street, dealers said. At 3pm, the FT Index was up 2.7 points at 836.8. Price rises
      964 words
    • 141 11 MALAYSIAN Mosaics Bhd (MMB) has obtained Foreign Investment Committee approval to buy 14 pieces of land collectively known as Hap Eng Estates and its acquisition of Si Khiong Industries Sdn Bhd. MMB has proposed to acquire the 563.76 hectares of Hap Eng Estate land
      141 words
  • Page 11 Advertisements
    • 84 11 APPOINTMENT A local stock-broking firm has a vacancy for the post of:RESEARCH ANALYST Analytical skill, proficiency in report writing and a good understanding of economics and market conditions are the qualities which the candidate should possess. Experience in a similar or related field, although not necessary, is useful. Remuneration is
      84 words

  • SPORTS
    • 237 12 AFP KEVIN Sheedy, forced to miss Everton's FA Cup final triumph, is in line for a Wembley return in the Charity Shield match against Liverpool in London today. Sheedy's last competitive outing was at Wembley, when Everton drew 0-0 with their Merseyside neighbours in
      AFP  -  237 words
    • 347 12 Reuter TWO-TIME champion Ray Floyd on Thursday produced a frenzied up-and-down round of golf to hold a tentative onestroke lead in the rain-delayed first round of the PGA Championship in Alabama. Floyd, whose last PGA victory was in 1982,
      Reuter; AP  -  347 words
    • 334 12 AP SOUTH AFRICA'S national television news on Thursday night raised the possibility that running star Zola Budd may remain in her native country rather than return to Britain, her adopted home. The 18-year-old arrived in Johannesburg on Thursday
      AP  -  334 words
    • 254 12 euter AUSTRALIA'S champion marathon runner, Robert de Castella, has condemned the Los Angeles Olympics as a sham and said they were disgracefully organised. De Castella, 27, winner of last year's Helsinki World Championships marathon, was speaking on his return to Australia after finishing fifth in
      euter  -  254 words
  • 229 12  -  By FOO CHOY PENG WORKING Singaporeans are still better off today than they were four years in spite of higher cost of living. Their income, after adjusting for inflation, has risen by more than a third since 1980. Figures released by Prime Minister Lee
    229 words
  • 202 12 UPI JOHN DE LOREAN, acquitted on cocaine charges in Los Angeles, may now face questions about millions of pounds in public funds alleged to be missing since his British governmentbacked car-making company crashed. De Lorean now faces a subpoena from
    UPI  -  202 words
  • 381 12  -  By JEFFREY TSANG RE-TYPING an entire book might require lots of patience, but skills can do away with the chore. A local company called Superskills Services has developed a computer system that enables publishers and printers to eliminate the need to re-type texts, provided authors
    381 words
  • 258 12 Reuter AUSTRALIAN Prime Minister Bob Hawke yesterday reinstated a Cabinet minister who was stood down last month pending an inquiry into a false customs declaration involving a cuddly toy bear. In a brief statement, Mr Hawke said an official inquiry by a Queen's Counsel
    Reuter  -  258 words
  • 339 12  -  By SHAHRIR ARIFF ABOUT 300 of Travenol Laboratories' 700 Singapore employees bought shares in the parent company, Baxter Travenol Laboratories Inc, when they were offered in a share incentive scheme last October. Last week, Travenol announced an improvement to this share scheme. Now,
    339 words
  • 74 12 STOCK prices on Wall Street moved higher yesterday after the opening bell, as investors responded favourably to the latest round of economic indicators. After the first few minutes of trading, the Dow Jones Industrial Average was up more than eight points to over 1217. In the broader
    74 words
  • LATE FILE
    • 76 12 Reuter THE SINGAPORE High Court yesterday ordered the winding up of two Carrian group companies and appointed receivers after creditors filed claims totalling HK5335.7 million. The court granted a petition filed by Crestpoint Estates Ltd of Hongkong to wind up Carrian Realty Pte Ltd for claims
      Reuter  -  76 words
    • 46 12 AP HOLLIE ROFFEY, the baby who became the world's youngest heart transplant patient when she received a new heart on July 30, died yesterday. She was 27 days old. The National Heart Hospital in London said the infant developed respiratory problems. AP
      AP  -  46 words
    • 46 12 AFP THE FOUR major British clearing banks yesterday reduced their base interest rate from 11 per cent to 10.5 per cent in the third reduction in 10 days. National Westminster Bank set the trend, followed by Barclays, Midland and Lloyds. AFP
      AFP  -  46 words
    • 53 12 AFP THE ALL-INDIA Port and Dock Workers' Federation in New Delhi yesterday called for a nationwide port boycott of vessels sailing under the Sri Lankan flag or on charter, to protest against what it termed the "killing of Tamils". A spokesman said the boycott was effective
      AFP  -  53 words
    • 32 12 AP FIFTEEN people, seven of them rebels, were killed on Thursday in five separate clashes between army troopers and dissidents in the southern Philippines, the military said yesterday.
      AP  -  32 words
    • 45 12 Reuter SOUTH Korea has resumed non-political contacts with the Soviet Union. Ties with Moscow were suspended after the shooting down of a South Korean airliner last September. Two South Korean representatives are now attending an international geological congress in Moscow. Reuter
      Reuter  -  45 words
    • 59 12 Reuter JAPANESE are perspiring their way through a record heatwave which weathermen say will continue into next week. For the 18th day in a row, the country bathed in brilliant sunshine yesterday, with temperatures above 34 degrees Centigrade. It is the longest spell of such hot
      Reuter  -  59 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • 47 12 Outlook for todoy: Foir. Report for 24 hours prior to 7 30pm on Aug 17 at the airport: Maximum temperature 32.7 Associated humidity 68 Minimum temperature 26.0 Associated humidity 92 Hours of sunshine 9.30 Rainfall in millimetres Nil Rainfall this month 34.6 Rainy days this month 5
      47 words