The Business Times, 25 August 1984
1984-08-25
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The Business Times
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Title Section12 1984-08-25 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, AUGUST 25, »84 60 CENTS12 words
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567 1984-08-25 1 CHAN MAY PENG - MnOUCTMC By CHAN MAY PENG TRADING IN the shares of Pan-Electric Industries Ltd was frozen yesterday, just two days after it was announced that dealing on a ready basis with certain provisos would resume on Sep 3. But this latest twist in the story567 words
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Article86 1984-08-25 1 Reuter REPRESENTATIVES of Britain's dockers yesterday voted for the second strike .by Britain's port workers in just over a month, posing a further threat to an economy already buffeted by a 24-week coal stoppage. The British Transport and General Workers Union, which represents Britain's 36,000Reuter - 86 words
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509 1984-08-25 1 TERESA LIM - By TERESA LIM, Hongkong Correspondent THE UIC takeover bid for Tai Sang Land Development, a publicly listed Hongkong property company, has fallen through. UlC's conditional offer for all of Tai Sang's outstanding shares and warrants did not obtain for it509 words
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Article652 1984-08-25 1 QUEK SWEE PENG - Prices higher than those in other shoppers' havens, says survey By QUEK SWEE PENG SINGAPORE retailers are pricing themselves out of tourist markets and surrendering their competitive edge to Hongkong and other shoppers' havens. A wide range of tourist goods can now be bought more652 words
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579 1984-08-25 1 AMY BALAN,ALVIN TAY - By AMY BALAN,ALVIN TAY FIRST DEPUTY Prime Minister and MAS chairman Dr Goh Keng Swee has said that fears about the implications of an amendment Bill allowing the authority to pay interest on deposits are groundless. Government funds siphoned off to the579 words
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198 1984-08-25 1 A HONGKONG entreprenuer who borrowed extensively from banks in Hongkong for projects in Singapore has sparked off a two-nation fraud search. Singapore police recently announced that they were looking for Nicholas Chu, in connection with a $300,000 cheating case. Sources say this case has links198 words
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Article, Illustration66 1984-08-25 1 MOST share prices finished higher en lmpreved volume at the Bbgapere stock market yesterday. Alter a relatively quiet •pesing, aa attempt to rally In the nftorassa helped to trim the Isases recorded earlier In the day. At the final bell, the BT Cempsstto Index managed to tack m66 words
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Page 1 Advertisements
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Advertisement153 1984-08-25 1 kj TECHNICAL CONFERENCE AND WORKSHOP SESSIONS Eminent technologists from 10 countries presenting the latest in electrical electronic engineering For more information, call YAMAHA CARBON COMPOSITE CLUBS. Proven tops in scientific tests. Jtr** Tests carried out by a Swing Robot, the most reliable golf testing equipment to date, have proven Yamaha153 words
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Advertisement271 1984-08-25 1 HMDS SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGES 5 PORTABLE but powerful computers ore the new rage in the computer industry. Manufacturers are now rushing to bring out the first of such machines to corner this unexploited market segment. Page 2 THE UNITED States has enocted a new law271 words
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Advertisement197 1984-08-25 1 ;`:;;%?>;(;."_'?)@$$;^&["&:@$(+ Businessmen The Hongkongßank Action Team is just a call away The Hongkongßank Action Team. A group of highly trained men and women with special financial skills to bring you fast and efficient action on your banking requirements. Give us a call and one of us will come and see197 words
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Advertisement12 1984-08-25 1 3jlS An Interfama organi: Tel *****12 More Parliament stories on Back Page12 words
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HOME NEWS
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Article, Illustration691 1984-08-25 2 JEFFREY TSANG - By JEFFREY TSANG PORTABLE but powerful computers are the new rage in the computer industry. Manufacturers are now rushing to bring out the first of such machines to corner this unexploited market segment, estimated to be a quarter of the size of the microcomputer691 words
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Article349 1984-08-25 2 Seminars and courses DURATION TITLE VENUE ORGANISER Aug 27-28 Developing New Royal Holiday Purchasing And Techniques In Inn Supply Management Materials Management Pte Ltd Aug 27-30 CAD/CAM: Drafting CECTU Economic Detailing Applications Development Board Aug 27-31 MC***** 16-Bit Oberoi Imperial Applied Microprocessor Hotel Research Corporation Aug 27-Sep 1 CAD/CAM:349 words
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319 1984-08-25 2 WELSH oxygen resuscitators and armoured VIP saloon cars will be among many British products to be introduced in Singapore by a UK trade mission. The 24-member group hopes to appoint local agents and distributors during their eight-day stay, beginning319 words
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535 1984-08-25 2 ANNA TEO - By ANNA TEO AN AGEING population and increasing awareness of medical conditions have contributed to the growing demand for permanent heart pacemakers. The use of pacemakers has increased steadily in Singapore over the years, especially among older people. While the commonest agegroup during535 words
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355 1984-08-25 2 RECORD-BREAKING attendances at Sentosa's breakdance championships over the past five Saturdays have prompted the Sentosa Development Corporation (SDC) to allow breakdancing on the island every Friday. The first four sessions attracted more than 25,000 visitors to the island. It was estimated that355 words
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294 1984-08-25 2 REDIFFUSION Services Singapore Pte Ltd is marketing a computer system to streamline hotel management in small- and medium-sized hotels in Singapore and Malaysia. The Hero Series 4 Hotel Management System was introduced to 50 representatives from the hotel industry at a seminar held294 words
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245 1984-08-25 2 A SEMINAR to help managers develop skills in obtaining materials at the right price and quality will be held next week. Peter Baily, a fellow of the Institute of Purchasing Supply in the UK, will share his knowledge and experience at the245 words
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104 1984-08-25 2 ONLY TWO out of the candidates who sat for the FullTime Diploma in Education (English) Programme examination have failed. The Institute of Education said four of the successful candidates were awarded the Diploma in Education (English) with distinction. A further 103 were awarded104 words
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Article91 1984-08-25 2 THE MINISTRY of National Development is spending $17 million to widen the section of Yio Chu Kang Road from Jalan Kayu to Plantation Avenue into a three-lane dual carriage-way. Road work is being carried out in sections. Two new carriage-ways between Phillips Avenue91 words
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271 1984-08-25 2 A UNIVERSITY student group is inviting business executives to join in for some fun and games tomorrow. Aiesec Singapore, the local arm of the International Association of Students in Economics and Management, hopes that more businessmen will join in their Games Day271 words
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OVERSEAS
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366 1984-08-25 3 AFP BRITAIN HAD a trade surplus of £113 million on a seasonally adjusted basis in July compared with a surplus of £153 million in June. Provisional figures published by the Department of Trade also showed that in the first seven months of theAFP - 366 words
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281 1984-08-25 3 AFP WORLD OUTPUT of oil and liquefied natural gas rose to an average of about 57 million barrels a day in the first half of the year, or 1.8 per cent more than the 55.99 million barrels a dayAFP - 281 words
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Article115 1984-08-25 3 AP THE SUN, Britain's biggestselling newspaper, paid £1 million to the winner of its bingo jackpot on Thursday, the largest prize ever given by a British newspaper. The tabloid thus won the race to become the first newspaper to make one of its readers aAP - 115 words
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Article, Illustration222 1984-08-25 3 AP SOUTH AFRICA'S "coloured" voters have given a cool response to the white government's offer of limited powersharing. But the low voter turnout on Wednesday will not stall the "new deal," whatever its credibility. Coloureds, as mixed-race people are called in South Africa, elected 80AP; UPI photo - 222 words
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447 1984-08-25 3 Date delayed for some shipments UPI BOWING to pressure from American retailers and foreign governments, the Reagan administration made a "limited exception" on Thursday to controversial rules governing the import of textiles by delaying enforcement until Oct 31 for shipments ordered before Aug 3. TheUPI - 447 words
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Article218 1984-08-25 3 AP AMERICAN products from razor blades to soft drinks will be introduced to Chinese television viewers in terms they can relate to under an agreement announced on Thursday. The newly formed ChinaUSA Communications and Television Commercial Company will produce and distribute US commercials and documentaries for ChineseAP - 218 words
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Article773 1984-08-25 3 ARRIVALS Operator Service Local From number time PAA PA5 0020 JFK/SFO/HKG CAL CI331 0150 TPE GJA GA73I7 0425 SUB GJA GA7118 0605 HLP MAS MH681 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH601 0905 KUL sv SV386 0910 JED/RUH AAAS MH671 0935 KUL773 words
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282 1984-08-25 3 Reuter PRESIDENT Reagan, in a fighting mood and brimming with optimism, called on Americans on Thursday night to give him a landslide victory in the Nov 6 election. In a speech accepting the nomination of the Republican Party as its candidateReuter - 282 words
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214 1984-08-25 3 AP JOHN ZACCARO, husband of Democratic vice-presi-dential candidate Geraldine Ferraro, told a judge on Thursday that he did nothing wrong when he borrowed money for his business from an estate he was supervising, saying: "I felt I was doing the right thing atAP - 214 words
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Article386 1984-08-25 3 AP AUBURN University has formed a global ?j)uacultural information network and describes it as a "significant step" towards expanding fish farming in protein-starved nations. James Martin, the president of the American university, said the new international aquacultural network will use satellites and telex to link up AuburnAP - 386 words
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66 1984-08-25 3 Reuter REPUBLICAN Party proposals would result in the loss of U*****.9 billion a year in tax revenue, adding the same figure to the budget deficit, an analysis prepared by the Congressional Research Service was quoted as saying. A press spokesman for Democratic presidential candidate WalterReuter - 66 words
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195 1984-08-25 3 Reuter THE US government has suspended payments to a major defence contractor for three of the military's key missile systems because of poor workmanship and quality control, the Pentagon said on Thursday. Problems at the Hughes Aircraft Company plant at Tucson, Arizona,Reuter - 195 words
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327 1984-08-25 4 AFP THE OVERALL value of China's foreign trade doubled in the past five years. Official statistics published yesterday by the Communist Party newspaper, People's Daily, said the increase was attributable to China's policy of opening up economically to the outside world. The policyAFP - 327 words
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160 1984-08-25 4 AFP PEOPLE IN China with a taste for the good life should not worry about being labelled "bourgeois". The New China News Agency yesterday cited an article in the Shanghai newspaper Wen Huibao, which said that China's improved economic status meant that many people couldAFP - 160 words
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189 1984-08-25 4 UPI NORTHROP Corporation has offered to sell Thailand 16 F-20 Tigershark fighter aircraft, worth $316 million, in exchange for rice and other commodities, Asian Aviation reported in its latest issue. Under the proposal, Northrop would take 90 per cent of the purchase price,UPI - 189 words
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160 1984-08-25 4 AFP SOUTH KOREA is to seek from Japan the transfer of 47 specific advanced technologies in a bid to redress a chronic deficit in bilateral trade. Official sources in Seoul said yesterday that the matter would be raised during South Korean President ChunAFP - 160 words
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199 1984-08-25 4 AP MALAYSIA'S oil production can be increased from the current 450,000 barrels per day to 600,000 barrels in two years time, Rastam Hadi, the managing director of the governmentowned National Petroleum Corporation (Petronas) said yesterday. In an interview with the national news agencyAP - 199 words
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394 1984-08-25 4 AP THE UNITED States has enacted a new law which prevents the use of American aid to support International Monetary Fund (IMF) austerity programmes for indebted countries. The new measure, signed into law on Wednesday by President Reagan, was passed by CongressAP - 394 words
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227 1984-08-25 4 Reuter ANDHRA PRADESH governor Ram Lai, centre of a major political row over his sacking of the state's Chief Minister NT Rama Rao, yesterday announced that he would resign. Ram Lai told reporters he intended to step down to uphold the high officeReuter - 227 words
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156 1984-08-25 4 Reuter EGYPT IS making special Suez Canal checks on ships from Iran, Libya, Syria, South Yemen and Cyprus following explosions in the Gulf of Suez and the Red Sea. Shipping sources said yesterday that Egypt suspected Iran and Libya ofReuter - 156 words
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166 1984-08-25 4 AP ISUZU MOTORS said yesterday that from next month, it would become the first carmaker in the world to market a vehicle with an electronically controlled transmission using a robot for clutch operations and gearshift selections. Isuzu spokesman Hideyuki Kobayashi said his company workedAP - 166 words
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Page 3 Advertisements
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Advertisement10 1984-08-25 3 Pan Am. Daily 747SPToUSA. It Flies Smoother, Faster And Quieter.10 words
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Advertisement165 1984-08-25 3 THE WHOLE GOLFING WORLD IS TALKING ABOUT... The Revolutionary lw Lightweight Clubs! the world's leader in golf club making is one of the first to come out with its feiW PRECISION LITE WOODS IRONS. These lightweight clubs a new technological breakthru in golf equipment have less deceleration and thus more165 words
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RAW MATERIALS
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Article152 1984-08-25 4 Chinese Produce Exchange (Sellers' noon closing prices on Aug 24. SS/100 kg) Coconut oil Bulk FOB 198 00 Old drum FOB 211 00 New drum FOB ***** Copro Mixed (loose) 107 00 buyers Pepper Muntok white FOB NLW 662 50 Sarawak white FOB faq NLW ***** Sarawak special152 words
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Article291 1984-08-25 4 Singapore (SS/Vito, ex-god own) Thai white 100% 1st class (kangaroo) new crop 1.05 100% 2nd doss 0 77 100% 3rd class 075 25% new crop No stock B-10% No stock Thai broken A-super 0.65 Special 060 Thai rice 55% No stock China rice 10% 0.92 15% No stock 25%291 words
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Article233 1984-08-25 4 SINGAPORE The market closed easier yesterday with September One RSS buyers quoted at 189.75 cents per kg, down half a cent from Thursday. The morning session lost some 1.25 cents in quiet trading on some selling following lower London advices. Prices recovered slightly in early afternoon trading but thereafter233 words
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Article343 1984-08-25 4 RAS prices (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS prompt 185 00 186 00N 186 75 187 75N lot 1 RSS Sep 188 25 188 75 189 75 190 25 Int 1 RSS Oct ***** ***** 194 75 *****343 words
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Article108 1984-08-25 4 (in cents/1 ton pallets) September October (current mth) (forward mth) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 191 50 193 50N 193 50 195 SON SSR 50 189 50 191 SON 191 50 193 SON MRELB Buyers Sellers Buyers Sellers SMR CV 230 50 232108 words
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Article101 1984-08-25 4 THE Straits tin price in Penang yesterday remained at the IT floor level of M 529.15 per kilo. It has been at this level since July 31. Dealers Bated little sappart from local Interests and absence of foreign baying as the price holds a £3M per tonne pre101 words
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Article85 1984-08-25 4 CHICAGO wheat futures closed 4V« to five cents per bushel lower yesterday in extremely light trade. C&D Commodities bought as much as six million bushels of December on the day, but sold late. Cargill bought December late, while Produce sold September. Corn futures closed V/t to cents per bushel85 words
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Article169 1984-08-25 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoer*x I6's 3,400 Blue Phoenix 20 s 3.500 Blue Phoenix 32's 3,820 Blue Phoenix 40's 4,300 Carded yarn, hank Blue Phoenix 21 's 3,600 Combed yarn, cones Blue Phoenix 32's 5,100 Blue Phoenix 40's 5,400 Open-end169 words
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Article163 1984-08-25 4 MALAYSIAN crude palm oil prices closed firmer yesterday despite lower Chicago soyfutures, on covering and speculative buying sparked by India's purchase of 50,000 tonnes of processed palm oil at its tender. August deliveries in the south region rose M 57.50 to $922.50 per tonne while September in the163 words
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Article84 1984-08-25 4 CHICAGO soybean futures closed eight to 11 cents per bushel lower yesterday in extremely thin volume trade, with November finishing at $6.23'2 per bushel. Cargill sold November and Produce Grain sold September late, while Hen- nessy bought September on the close. Soyoil futures closed 0.30 to 0.47 cents per84 words
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Article852 1984-08-25 4 COFFEE Robusta futures yesterday ended a subdued morning session with losses from the previous close of £14 to £1. November finished at £2,385, £13 lower, unchanged from midmorning and £24 below the early high. The market opened around £10 firmer, influenced by the New York close but early852 words
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BANKING AND FINANCE
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436 1984-08-25 5 Reuter THE British government would probably prefer any pressures from a possible dock strike be taken on the exchange rate, rather than on interest rates, provided there is not a run on sterling. Money market sources said the government would probablyReuter - 436 words
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Article99 1984-08-25 5 Reuter INDONESIA has awarded a mandate to Chase Manhattan Asia, IB J Asia and Manufacturers Hanover Asia for a US$3OO million loan. Banking sources say the loan is for eight years, with four-and-a-half years' grace and carries interest at a margin of per cent above the LondonReuter - 99 words
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88 1984-08-25 5 TWO bank groups headed by Banque Nationale De Paris and Chase Manhattan Bank NA have made bids for a US$3OO million loan to India's stateowned National Aluminium Co (Nalco). The managing director of Nalco, K Pantulu, says both are offering '/2 per cent88 words
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Article60 1984-08-25 5 Reuter THE Reserve Bank of India said yesterday foreign exchange dealers may now send commission payments abroad on behalf of exporters without the bank's prior approval, subject to a limit of 50,000 rupees. The bank will also double the ceiling on advance payments for imports toReuter - 60 words
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535 1984-08-25 5 Reuter THE LATEST money-supply and banking data lent weight to the widely-held view that the Federal Open Market Committee (FOMC) did not have to change credit policy when it met on Tuesday. A US$l.2 billion drop in M-l has left that aggregate closeReuter - 535 words
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162 1984-08-25 5 AFP FRANCE has been borrowing overseas at a high level since the beginning of the summer, as evidenced by two big loans totalling US$756 million just launched by the state-owned electricity company and the French external trade bank, Banque Francaise Du CommerceAFP - 162 words
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514 1984-08-25 5 Reuter MEXICO has informed foreign creditors it will not agree to new International Monetary Fund austerity measures once the programme runs out in December next year. American officials say Mexico's decision has stalled talks with creditor banks on its proposals to stretchReuter - 514 words
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438 1984-08-25 5 AFP BAHRAIN has issued new licences for three representative offices and an offshore banking unit (OBU), surprising bankers who consider that the island state already has too many banks. They argue that this is reflected by the downgrading of the activitiesAFP - 438 words
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MONEY AND EXCHANGES
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Article272 1984-08-25 5 Interbank rates at 3pm CihtwcJM Nominal ra itM Smithsonian quoted yesterday crosa parity change Local dollar* to one unit of foreign currency US dollar 2.1430 2.1440 ***** -24.00 Sterling pound ***** 2 8107 7 3469 -61 79 Australian dollar 1 8322 1 8352 3 4286 -46 56 NZ272 words
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Article205 1984-08-25 5 SINGAPORE Futures closed higher yesterday on local shortcovering in moderate trading. December, the only traded position with a turnover of 401 lots, closed firmer at U*****.10 an ounce compared with New York's $360.20/360.50 close. HONGKONG The metal closed steady yesterday at U*****.40/90 an ounce after a day of quiet205 words
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Article569 1984-08-25 5 SINGAPORE: The US dollar fell back in quiet late trading yesterday after a higher opening to close narrowly mixed compared with New York's close. It closed slightly lower at 2.8700/10 marks compared with New York's 2.8710/30 close, at 240.75/85 yen compared with 240.90/241.00 but little changed at 2.3865/75569 words
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Article62 1984-08-25 5 RESULTS OF TENDER held yesterday for Treasury bills: Offered: $90,000,000 (91-day; from Aug 27 to 31). J20.000.000 (182-day; on Aug 27). Applied for: $106,000,000; $40,000,000. Allotted: $90,000,000; $20,000,000. Accepted Mds: $99.25 approximately 84 per cent; higher bids in full; $98.42 and higher bids in full. Average rate of62 words
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Article116 1984-08-25 5 THE OVERNIGHT rate closed at 7 5 h per cent on the Singapore interbank market yesterday, unchanged from Thursday's closing level. Term rates for the one, two and three-month maturities were also unchanged. S$ interbank rates at 3pm yesterday Offer Bid Overnight 7 5/8 7 1/2 1-month 8116 words
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Article, Illustration253 1984-08-25 5 Asian market ASIAN dollar deposit rates closed steady yesterday at opening levels in quiet trading. Short-dates weakened 1/16 point at the outset on continued softness in US federal funds rate and were then unchanged with weekend, Monday/Tuesday and week fixed closing at a common 11-11/16 11-9/16 per cent. Fixed dates253 words
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Page 5 Advertisements
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Advertisement64 1984-08-25 5 TO WHOM IT MAY CONCERN Notice is hereby given that Mr Ong Kian Bw, NRIC No: *****22H, is no longer a Director/Secretary/employee of Trimanex Trading Transportation (S) Pte Ltd. He is not permitted to negotiate any business in any way or to collect any money on the Co's behalf or64 words
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Advertisement241 1984-08-25 5 M Straits Steamship Company Limited Interim Report to Stockholders The Directors advise the following unaudited results of the Group and the Company for the six months ended 30th June 1984: Half Year to 30th June 1984 1983 Group Company Group Com pan $000 $'000 $'000 $'000 Operating Profit/(Loss) Investment Income241 words
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FEATURES
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Article503 1984-08-25 6 THEY HAVE made music with a bottle of Gordon's Dry Gin in front of a lunchtime crowd and sawed their way through the theme music from Star Wars. They have tried many things to share their work with the people who gave them jobs, but503 words
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Article, Illustration560 1984-08-25 6 VITHOON AMORN - By VITHOON AMORN Reuter ALARMED by a slump in its once thriving tourist trade, Thailand is hoping to win back foreign visitors by shedding its image as a playboy's paradise. Thailand has long been known for its freewheeling "red light" districts of bars and massageReuter - 560 words
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Article451 1984-08-25 6 STRAWS in the Wind AT IKEA, the Swedish furniture store, prices were being slashed for a "Happy Birthday Sale". It had been reported, however, that Ikea, the parent Swedish company, was taking back the furniture franchise from Dantas, the local company that built up451 words
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Article1107 1984-08-25 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL Location Chev V Belle 37/446 ***** 2300 Optorg FSB 1000-1100 B6 Thana Bbum 133N ***** 0700 S'pore Shpg TA 3 1100-1200/1800-1900 Kl B Dahlia 211/84 26 8.84 0700 Leo Shpg FSB 0800-0900/1800-1900 SI1,107 words
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Page 6 Miscellaneous
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Miscellaneous1121 1984-08-25 6 TO sm GMDQQ 8.00 PM Opening and Programme Kghights folowed by Livinc Heritages in Asia The Birth of a Craftsman: The Art of Japanese Lacquerware 8.35 Centrestage: Faerie Tale Theatre Little Red Riding Hood 9.30 Space Sea.. Here 9.55 Late News (English) 10.15 Close I CHANNEL 3 J 3.02 PM1,121 words
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Miscellaneous58 1984-08-25 6 8.91 Radio Newsreel 8.15 Anything Goes 8.45 Sports Roundup 9.99 World News 9.99 Twenty-four Hours: News Summary 1.31 Network UK t.45 Saturday Special 11.19 Radio Newsreel 11.15 Saturday* Special (cont'd) 12.M MN World News It.M Commentary 12.15 Saturday Special (cont'd) 1.99 News Summary 1.92 Saturday Special (cont'd) 1.15 Baker's Half58 words
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TIME-OFF
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Article, Illustration1294 1984-08-25 7 BRIAN MILLER - By BRIAN MILLER STEVE DAVIS swears he has never "worked" a day in his life yet he admits that he's a millionaire a couple of times over. I had read somewhere that he lives in style in a huge country house set in 200 acres1,294 words
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446 1984-08-25 7 JAIME LYE - BY JAIME LYE UNDERSTANDING the appeal of Star Trek when it was a TV series was tough enough. Almost impossible to fathom is how two movies, based on the adventures of ageing explorers in a battered spaceship, could become such box-office hits.446 words
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498 1984-08-25 7 WALTON MORAIS - By WALTON MORAIS IT HAD its high points and its low points, and we're not just talking of the players' scores. The Camus Singapore Masters snooker tournament at the Mandarin Ballroom on Tuesday and Wednesday was eventful in more ways than one. Three world champions,498 words
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SPORTS
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Article475 1984-08-25 7 AFP WATFORD MANAGER Graham Taylor could be forgiven for praying that Manchester United's new recruits do not hit it off immediately when the English football league season starts today. Old Trafford is not the ideal place to begin a new campaign at the best of times.AFP - 475 words
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Article205 1984-08-25 7 AP ALEXANDRA REINHARDT, knocking in three long birdie putts, fired a course-record 64 on Thursday for the first-round "lead in the US$2OO,OOO Columbia savings LPGA classic, j Reinhardt's 7-under-par round left her three strokes ahead of Patty Sheehan, the LPGA's leading money-winner this season, andAP - 205 words
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Article, Illustration241 1984-08-25 7 AFP AUSTRALIA 11, which won the America's Cup last September, has become the subject of a bitter tug-of-war between Western Australia, its home state, and interests on the nation's eastern seaboard. Western Australians have reacted angrily to moves for the America's Cup winner to goAFP - 241 words
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Page 7 Miscellaneous
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Miscellaneous1199 1984-08-25 7 CONCERTS Familiar Favourites Concert at the WTC Auditorium featuring pianist Teo Li Lin and percussionist Lim Meng Keh. The two soloists perform tonight, 8.15 pm. Tickets. $4, $7, $10 and $15. Ticket office at WTC opens at 7.15 pm. Music for Everyone: Keihin Women's College Brass Band. Sunday, 5 pm,1,199 words
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INTERNATIONAL STOCKS
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339 1984-08-25 8 Reuter MCDONNELL Douglas Corp, bolstered by an influx of orders for its latest line of passenger jets, is launching a search for partners to help finance the development of an advanced short-haul airliner for the *****. Chairman Sanford McDonnell said the target ofReuter - 339 words
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148 1984-08-25 8 THE WIRE Service Guild has announced that it has reached a tentative agreement with United Press International on a package of pay cuts aimed at "keeping the company in business". The package includes an initial 25 per cent cut for all employees, the148 words
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305 1984-08-25 8 UPI THE stock market finished with mixed results in slow trading on Thursday in a virtual stand-off between institutional investors who think prices are ready to move up and small investors who are sceptical. Prices rallied briefly at midsession on hopes that theUPI - 305 words
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Article156 1984-08-25 8 AUG 23 C5 fcnp Oi 40 H 1* Abrtibi 32 15 V* 38* >* 31V* V* 2m 4H 25 V. V* 24V* •H* 12V* 16* 0*1 T«l 33H ■ft* 16 H BP Con Ltd 25* Matsty Ferg 3* -V* Br o*c on 33 Mc BkxJei 26v* -V* 25 V*156 words
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Article197 1984-08-25 8 AUG 23 Road Trull Bk 240 unch 105 -5 INOUSTtlALS Utimc 500 unch unch Wootworth 1325 75 Ab«rcom 155 5 MININGS A£ And a 800 +10 2320 35 3756 5800S AMVC 2750 1800 -4600 1195 15 Boftcfe 8000 300 1850 490 -10 CNA 200 -10 ***** 350 5 1375197 words
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Article657 1984-08-25 8 AUG 23 us* ACF MuMnti 29* 38v* Alogharry Lud 21 Aftad Cham Cp 34 unch A -i C aj»*o Morti 47 AfcOtokntn II Am Brandt kx 59* Am Broodcast 70* unch Am Can Co 47* Am Cyanarred 51* Am Else Pwr 18* inch Am Exprats 33* Am Horn*657 words
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Article884 1984-08-25 8 Amsterdam AUG 23 Fh A»4 300 00 unch ***** 05 Ahold Akio AMEV 191 20 +02 93 30 +16 161 00+2 7 Affltgi 56 30 +09 kite 8 50 40 7 ***** +05 Botko 25 30 +01 6900 -0 2 Catand 3400 -05 C<#v ISA no j (MM*884 words
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Page 8 Advertisements
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Advertisement227 1984-08-25 8 Ul H m m v <?- 1 y\ t. m IS a i t sr* scari^ _The Summer Palace puuJy presents j bfxvul kjfvhnn menu We can think of sixteen reason* why wit should try our unique new menu... Braised fish maw soup with crab meat, braised fungus soup with227 words
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Advertisement130 1984-08-25 8 Spectacular Double Bill Cedric& Debbie XKathy Los Amors w- r ~"viouble 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 ol White Horse Whisky. Bell Whisky, Seager Gin, x, Bisauit VSOP and get130 words
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Advertisement179 1984-08-25 8 The President Ix>unge presents Tlusweds(nmJsoft/teKuj/^ AS r A The Nightingales a captivating all-girl hand trom Taiwan will sing >our lasounte numbers while \ou unwind alter a hard dav's work with a favourite dnnk Relax with The Nightingales and Ihe New SematMins our throbbing resident hand Hours: nails President's I Ipm179 words
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Advertisement119 1984-08-25 8 I *oafe TJrand 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 your119 words
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Advertisement150 1984-08-25 8 London stocks, Pags 11 Si > M Feng Cheng Lou for the best Teochew food in town. Discover lV mouth-watering delights prepared by Hong Kong chefs. And feel like royalty while you dine in Oriental splendour. Open daily from: 1.2.00 noon 3.00 pm for lunch and 7.00 pm I 1.00150 words
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ASIAN STOCKS
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Article331 1984-08-25 9 HONGKONG: Share prices closed mostly steady yesterday on late local buying with most investors unwilling to carry short positions over a long holiday weekend ahead. Among leaders, China Light eased 10 cents to $12.30, but HK Bank rose five cents to $6.25, Hutchison Whampoa 20 to $10.40, Jardine Matheson331 words
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Article284 1984-08-25 9 AUG 24 HT Chem Indus 20 60 -0 1 Lien Hwo Indus 1400 -0 05 All Smcere Indus 7 45 unch Non Yo Plos 31 20 -03 Asia Cement 2540 unch Pacific Cons 27 80 -02 Cathay Cons 29 20 unch Pacific Elect 19 80 CKong Hwo Bank 60284 words
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Article443 1984-08-25 9 TOKYO: Share prices closed slightly higher yesterday, supported by the yen's steadiness against the dollar here and a forecast of higher Japanese corporate capital spending. The market average rose 8.54 to close at 10,554.09 after gaining 7.23 on Thursday. But turnover was a thin 240 million shares against 300443 words
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Article75 1984-08-25 9 Aug 24 Bonk Seoul Won 665 unch Hyundai Corp Hyundoi Motor KAL 1030 640 520 11 unch 5 Choheung Bk Commercial Bk 639 674 1 -6 Korea OJ Korea Ship 1236 419 unch -1 576 -1 Lucky Ltd 805 +6 Daewoo Corp 510 620 •5 Samsung Co 775 94175 words
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Article509 1984-08-25 9 SYDNEY: Australian share markets closed easier yesterday but were off their lows on selling pressure and in a technical correction following good recent gains. At 1515 local time, the All Ordinaries Index was 3.2 points lower at 744.6, the All Industrials marker was 4.1 weaker at 1,035.0 and the509 words
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Article138 1984-08-25 9 BANGKOK: Prices closed mixed in sluggish and featureless trading yesterday. The Book Club Index gained 0.14 point to 119.83 but declines led advances by a slim margin. Turnover fell to 299,306 shares worth 25.7 million baht from 300,815 shares worth 30.4 million baht on Thursday. AUG 24 •ohts Siom138 words
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Article162 1984-08-25 9 MANILA: Share prices closed generally higher yesterday, reflecting increased metal prices abroad but trading remained dull due to the Philippine economic situation. The Commercial and Industrial Index was up 4.64 at 112.82 and mining issues jumped 10.25 to 951.24. Oils were down 0.008 to 0.666. Lepanto closed at 0.038162 words
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57 1984-08-25 9 Reuter TOYOTA Motor Corp will increase car production to 3.47 million units this year from an earlier-planned 3.37 million, says president Shoichiro Toyoda. Toyota produced 3.27 million cars last year. The revision is based on higher-than-expected domestic and export sales, according to Mr Toyoda. JulyDecemberReuter - 57 words
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173 1984-08-25 9 Reuter THREE Japanese companies are interested in taking part in a project to develop Qatar's north gas field, Rashid Oweida AlThani, deputy manager of Qatar General Petroleum Corp (QGPC), was quoted as saying. The weekly Gulf Times newspaper quoted him as saying in anReuter - 173 words
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111 1984-08-25 9 AFP NIPPON Kokan KK (NKK), Japan's number steelmaker, plans to raise US$lOO million abroad through debentures to help pay for its purchase of a 50 per cent equity interest in National Steel Corp of the US. Chairman Hisao Makita saidAFP - 111 words
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208 1984-08-25 9 AP ATLANTIC Richfield Co says it is urging China to build one of the largest petrochemical plants ever to produce fertiliser, using a huge natural-gas discovery in the South China Sea. China now imports nearly all of its chemical fertiliser. Earlier this month,AP - 208 words
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178 1984-08-25 9 Reuter BOUGAINVILLE Copper says its second-half 1984 earnings will not match the sharply lower first-half net profit if low metal prices continue for the rest of the year. Net earnings fell 16.60 million kina in the first half ended June 30Reuter - 178 words
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Article145 1984-08-25 9 AFP THE Philippines will "definitely" be dependent on imported oil for only 50 per cent of its energy needs next year with the completion of four non-oil power projects, according to President Ferdinand Marcos. Dependence on oil imports is currently estimated at 64.5 per cent. MrAFP - 145 words
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Page 9 Advertisements
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Advertisement580 1984-08-25 9 iff W 1 m. r (f7£ Wm£& I \li &¥WZ*&« W if m i* m 8s ir.S>i Paramount Hotel" COME on a gourmet adventure beneath the starlit sky 4 gteamboat Kverv Sunday pvn pm •c. x \5 For two: $28 For four: $56 For six $85 ler'r'ace A delicious choce580 words
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Advertisement115 1984-08-25 9 r 'GOFFEE GARDEN, 1 we serve goa poand the clock s. VL Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, you 11 find our staff friendly and efficient, our food appealing and delicious. Try our famous clavpot specialities,115 words
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SHARE INFORMATION
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Article, Illustration4340 1984-08-25 10 THANKS to a stronger afternoon session, share prices on the Singapore stock market managed to pare their early losses yesterday. Gainers led losers by two to one. At the close, the BT Composite Index added 0.64 point to 828.16 while the Straits Times4,340 words
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Article282 1984-08-25 10 SINGAPORE Rises Indices G E Life 1850 U M Floor 1000 Apollo 275 MBF Hldgs 50c 245 M T P 434 Garcia Hldgi 166 MBF Corp S0< 250 H Leorvg Credit 595 F N 580 Kentucky Spore 490 Falls 50 35 35 16 14 12 11 10282 words
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Article487 1984-08-25 10 IN SPITE OF a late bout of buying, share prices closed generally easier at the Kuala Lumpur stock market yesterday. Investors, on the whole, remained cautious while interest was again focussed on selected issues and second-liners. Total turnover improved to 7.16 million units valued at487 words
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Article3640 1984-08-25 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified All Time SetUement Contracts are quoted after the word "SETT".3,640 words
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Page 10 Advertisements
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Advertisement13 1984-08-25 10 Business done on ths KLSE Selected Indices snd Unit Trusts See beck page13 words
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COMPANY NEWS
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Article, Illustration264 1984-08-25 11 By HOCK LOCK SIEW IN A PREVIOUS review (May 12, 1984), when the shares of National Iron were hovering around $6, I advised investors to avoid this stock as the technical outlook for the counter did not seem very encouraging. Accordingly, it was saidBy HOCK LOCK SIEW - 264 words
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Article955 1984-08-25 11 SHARES closed mixed with a firmer bias yesterday after a quiet day's trading, dealers said. Selected issues rose quite sharply despite news that British dockworkers are to embark on a further national strike. At 3.30pm, the FTSE 100 Share index was up 6.5 points at 1087.6. Boots was955 words
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Article400 1984-08-25 11 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI STRAITS Steamship Co has suffered heavy interim losses due mainly to the difficult economic conditions afflicting the group's traditional shipping business, particularly its cruise operations. To stem the tide of "ongoing losses from the cruising business", Steamers has decided to cut itself free400 words
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273 1984-08-25 11 CHAN OI CHEE - By CHAN OI CHEE SHARES of National Iron and Steel Mills Ltd fell sharply on the stock market yesterday in response to the company's poor interim results and the accompanying one-third cut in dividend. The counter opened on a weak note273 words
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Article66 1984-08-25 11 THE Stock Exchange of Singapore has approved in-principle Neptune Orient Lines Ltd's application for the issue of 11.3 million new shares in the company. The new $1 shares priced at $2.34 each, are to be issued to Hyundai Heavy Industries Co Ltd, as part payment for66 words
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LATEST RESULTS
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44 1984-08-25 11 The group turned in pre-tax profits of M 51.23 million on a turnover or $131.92 million for the half-year to June 30,1984. For the previous corresponding interim, MTTC reported pre-tax losses of $1.15 million on turnover of $64.12 million.44 words
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Article50 1984-08-25 11 Group pre-tax earnings were of M 56.96 million ($6.58 million) on turnover of $20.64 million ($28.36 million) for the six months ended June 30, 1984. An interim dividend of 2.5 per cent gross will be paid on Oct 10, to shareholders registered on Sep 20, 1964.50 words
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Article52 1984-08-25 11 Group pre-tax profits rose to M 522.82 million in this year's first half from $8.38 million previously. After-tax profits stood at $11.27 million ($4.52 million). An interim dividend of 5 per cent (7.5 per cent) less tax will be paid on Oct 4 to shareholders registered on52 words
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47 1984-08-25 11 Group profits before tax fell to M 55.03 million in the six months to July 31, 1964, from $6.18 million previously. An interim dividend of 17.5 per cent less tax will be paid on Oct 3 to shareholders registered on Sep 14.47 words
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Page 11 Advertisements
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Advertisement277 1984-08-25 11 5 OUilntitn L-1 LnL"|LnLi Lp El t qn OVERSEAS UNION TRUST LIMITED ANNOUNCEMENT The Board of Directors of Overseas Union Trust Limited is pleased to announce: UNAUDITED RESULTS FOR SIX MONTHS ENDED 30 JUNE 1984 After Tax Earnings per SSI.OO share 9.7 4 8.8 4 Net Tangible Asset Backing per277 words
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Advertisement438 1984-08-25 11 S OVERSEAS UNION BANK LIMITED ANNOUNCEMENT I PROFITS FOR SIX MONTHS ENDED 30 JUNE 1984 j| The Directors of Overseas Union Bank Limited are pleased to announce the unaudited profits after providing for taxation, diminution in value of assets and after making transfers to inner reserves of both the Bank438 words
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333 1984-08-25 12 SOH TIANG KENG - By SOH TIANG KENG, Banking Correspondent THE SINGAPORE-based Asian dollar market continues to show brisk expansion, with its assets hitting a new high of US$l23 billion at the end of June this year. This is its second consecutive month of growth. But its asset333 words
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188 1984-08-25 12 GOVERNMENTS of Singapore and Brunei will meet on Monday to negotiate a more liberal air pact that will allow their national carriers to expand services between the two countries. Singapore Airlines and Royal Brunei Airlines are now operating to the188 words
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521 1984-08-25 12 CHEN QINGSHUN - By CHEN QINGSHUN OVERSEAS Union Bank has turned in the best interim results among the 'Big Four' local banks. Group profits after tax, diminution in value of assets and transfers to inner reserves for the six months ended June 30, rose 9.5 per cent521 words
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Article97 1984-08-25 12 HONGKONG Australian Industrials Hang Seng Index Friday 1034.8 Thursday 1039.1 Friday 893 69 Week ago 1024.9 Thursday 891.12 NEW YORK Dow Jones Week ago 908.34 TOKYO Thursday 1232.44 Tokyo Dow Jones Friday ***** 09 Wednesday 1231.78 Week ago 1209.14 Thursday *****.55 Standard and Poors Week ago ***** 4897 words
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64 1984-08-25 12 Bernama THE MALAYSIAN Minister for Public Enterprises, Datin Paduka Rafidah Aziz, has denied that she urged women in her country to marry early to achieve the 70 million population target. She said: "I myself am strongly opposed to women marrying young and giving birth toBernama - 64 words
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Article213 1984-08-25 12 Managers' prices Second B'putra 527 5 32 for Aug 25 27 Third B'putra Fourth B'putra < 4.31 486 4 36 4 91 Singapore Unit Trust Fifth B'putra Sixth B'putra 3 30 3 15 3 35 320 The Commerce 3.05 3.24 Seventh B'putra (A) 221 2 26 The Savings213 words
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Article200 1984-08-25 12 NYT JOHN ZACCARO obtained postponement of a June hearing into his handling of an elderly woman's estate so the matter would not "interfere" with the Democratic National Convention, which subsequently chose his wife as the vice-presidential nominee, a court referee said. The referee, Jonathan Weinstein, saidNYT - 200 words
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Article98 1984-08-25 12 Reuter PAKISTANI authorities began refuelling an Indian Airlines Boeing 737 hijacked to Lahore by Sikh extremists yesterday after two Norwegian women passengers were released. Military sources said about 150 armed soldiers had taken up positions around the plane. The hijackers repeated threats to kill the 86 passengersReuter - 98 words
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283 1984-08-25 12 FOO CHOY PENG - By FOO CHOY PENG YOU MAY also institute claims on shoddy or unsatisfactory workmanship in the Small Claims Tribunal. But the tribunal will only deal with claims of up to $2,000, Second Law Minister Prof S Jayakumar, who moved the Small Claims283 words
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282 1984-08-25 12 THE LIMIT on employers' Central Provident Fund contributions for civil servants, announced in May, is expected to come into effect soon. Parliament yesterday passed the Central Provident Fund (Amendment) Bill which paves the way for government bodies and statutory boards to282 words
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Article58 1984-08-25 12 WALL Street stock prices were higher in early trading yesterday, with blue chip and secondary issues posting slight gains. The Dow Jones Industrial Average was up over two points to over 1234. Overall, gainers led losers by 4-3 on volume of six million shares. Dominion Resources led58 words
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Article2655 1984-08-25 12 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 Ajinomoto (3 90S) Alcom (2 076 2 1 OS)2,655 words
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Article, Illustration179 1984-08-25 12 MR PANG Kim Hin, the People's Action Party candidate who lost the 1981 Anson byelection to JB Jeyaretnam of the Workers' Party, is unlikely to contest the coming election. Sources said the PAP has decided against including him in its179 words
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151 1984-08-25 12 TRAINING of taxi drivers, now undertaken by the Registry of Vehicles (ROV), will soon be carried out by taxi companies. So far, two companies NTUC Comfort and Singapore Commuter have offered to provide beginners' and refresher courses. The ROV is training 40151 words
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LATE FILE
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Article46 1984-08-25 12 PAN-Malaysian Lorry Owners Association chairman Puan Zainab Yang yesterday alleged that certain Road Transport Department officers had embarked on a campaign of revenge against its members in at least two states following the association's recent charge that corruption was prevalent among their ranks.46 words
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Article51 1984-08-25 12 Reuter THE Cypriot-registered oil tanker Amethyst was reported ablaze in the Gulf yesterday as Iraq said its warp lanes had hit a large naval target in the waterway. Lloyd's Shipping Intelligence of London said the 52,581-tonne tanker had been hit by a missile and was burning badly.Reuter - 51 words
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Article60 1984-08-25 12 AFP SRI Lankan President Junius Jayewardene said yesterday he is prepared to offer a general amnesty to Tamil separatist guerillas "if they give up their arms". He also told the right-wing newspaper Indian Express that he would make arrangements for the guerillas to meet his government representativeAFP - 60 words
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Article53 1984-08-25 12 Reuter A TOTAL of 4.8 tonnes of shrimp exported from India to Japan was found to be contaminated with cholera, India's parliament was told. Minister of State for Commerce NR Laskar said the shipment, from the southern port of Madras, was rejected and export inspection procedures hadReuter - 53 words
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Article52 1984-08-25 12 Reuter NINE Thai soldiers were killed during a sweep against communist insurgents in southern Thailand, military officials said yesterday. They said six soldiers were also wounded and a communist rebel was killed in a clash in a mountainous region of Surat Thani province, 935 km south ofReuter - 52 words
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Article37 1984-08-25 12 Reuter SOUTH KOREA has worked out a detailed plan for economic cooperation with North Korea if Pyongyang takes up President Chun Doo Hwan's offer to open trading links, Unification Minister Son Jae-shik said yesterday. ReuterReuter - 37 words
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Page 12 Advertisements
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Advertisement78 1984-08-25 12 APPOINTMENT "S ATTORNEY/SOLICITOR Sought by an overseas American association to serve as in-house intellectual property counsel for Far East/Australasia. Person must speak and write English fluently and should have law firm or major international corporate experience in Far East. Person would ideally have some background in the field of intellectual78 words
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Advertisement8 1984-08-25 12 Zaccaro My* ho did no wrong, Pago 38 words
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Advertisement70 1984-08-25 12 v! SELLER Winner of k the Premio Strega l» 4 and the Premio Viareggio in Italy, and the Prix Medici Award in France. THE NAME OF THE ROSE 'Umberto Eco has written a novel his first and it has become a literary event.' NEW YORK BOOK REVIEW S$ 12.00 Available70 words
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Page 12 Miscellaneous
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Miscellaneous54 1984-08-25 12 Outlook for today: Fair; scattered showers in several areas in the afternoon. Report for 24 hours prior to 7.30pm on Aug 24 at the airport: Maximum temperature 30.7 Associated humidity 73 Minimum temperature 23.5 Associated humidity 97 Hours of sunshine 6.40 Rainfall in millimetres 22.2 Rainfall this month 78.4 Rainy54 words
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