The Business Times, 22 September 1984
1984-09-22
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The Business Times
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Title Section12 1984-09-22 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, SEPTEMBER 22, 1984 60 CENTS12 words
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595 1984-09-22 1 Figures can be interpreted in any way, says banker THE GROWTH of the US economy has slowed down to a sustainable pace, giving the dollar yet another excuse to go on rising. News that the Commerce Department's flash estimate of economic growth in the595 words
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228 1984-09-22 1 Reuter THERE IS A risk of renewed restrictions on capital movements unless Western Europe, Japan and the US cooperate more fully in intervening on currency markets and coordinate their domestic interest rate policies, Bundesbank board member Claus Koehler said. He told economists in aReuter - 228 words
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470 1984-09-22 1 AFP HONGKONG will become a highly autonomous special administrative region of China in 1997, able to develop independent economic and cultural ties with foreign countries under a just completed SinoBritish draft agreement. Under the agreement, Hongkong's position as a free port, independentAFP - 470 words
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Article, Illustration499 1984-09-22 1 FOO CHOY PENG - By FOO CHOY PENG A FORECAST that Chinese Singaporeans would be speaking Mandarin as a matter of habit by about 1995 was made by Prime Minister Lee Kuan Yew last night. Since the launch of the Speak Mandarin campaign five years ago,499 words
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Article, Illustration58 1984-09-22 1 SHARE prices finished mixed in light trading at the Singapore stock market yesterday. Helping to cheer op the day was selective trading interest, especially in second liners, and con tinned short-covering activities. At the close, the BT Composite Index collected 3.54 points to 797.92 and the Straits Times58 words
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Article, Illustration368 1984-09-22 1 MONICA GWEE - By MONICA GWEE THE CIVIL servant "must not ever become party political" for if there was a change of government, he would find himself unable to serve the new government; a former top British civil servant said yesterday. Lord Bancroft, formerly Head368 words
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207 1984-09-22 1 STANDARD Mandarin must be promoted now even though it is still some time before dialects give way totally to Mandarin. The point was emphasised last night by Mr Ho Kah Leong, Parliamentary Secretary (Education), at the opening of this year's Speak Mandarin Campaign. Speaking207 words
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Article224 1984-09-22 1 THE DOLLAR soared still higher in early European trading yesterday, scaling new peaks against the Deutschemark and many other major currencies. Investors seemed to dismiss Thursday's Commerce Department "flash" estimate of slower growth In the US economy for the third quarter and pay attention instead to224 words
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Page 1 Advertisements
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Advertisement171 1984-09-22 1 ENEXASIA B4 CONFERENCEV" •AND WORKSHOP SESSIONS Eminent technologists trom 10 countries presenting the latest in electrical electronic engineering For more intormation. call INTERFAMA PTE LTD Tel: *****12 THE WHOLE GOLFING WORLD TALKING ABOUT... The Mr Revolutionary H. Lightweight pi Clubs! the world's leader in golf club making is one of171 words
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Advertisement256 1984-09-22 1 [CMIQS SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGES 5 SHIPS IN PORT 2 STRAWS IN THE WIND 7 CHARTPOINT 11 STUDENTS who work as "temporary employees" on industrial attachment believe they are worth more than $250 a month and have suggested that companies offer them some staff benefits. Page256 words
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Advertisement11 1984-09-22 1 Full report, Pag* 10 International stocks, 8 Asian stocks, Pag* 911 words
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Advertisement158 1984-09-22 1 An Interfama organised show Tel *****12 Hongkongßank's double benefit Hongkongßank O Master Card. Hongkongßank VISA and Hongkongßank MasterCard Only Hongkongßank offers both these credit cards for the cost of one. That's value! And both can be used in our ETC machines. That's convenience! Two cards at no additional cost Now,158 words
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HOME NEWS
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473 1984-09-22 2 MONICA GWEE - They are unhappy about the $250 base pay By MONICA GWEE STUDENTS who work as "temporary employees" on industrial attachment believe they are worth more than $250 a month and have suggested that companies offer them some staff benefits. The first batch of473 words
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271 1984-09-22 2 ENGINEERS should work where they are needed most and not in offices. The trend for engineers to become managers and administrators instead of practising their skills on the shopfloor must be checked, said Mr Tay Kwang Seng, chairman of the Singapore Manufacturer's Association (SMA). Mr271 words
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Article, Illustration131 1984-09-22 2 HEWLETT PACKARD hopes to invade small and medium businesses with 'Mighty Mouse', the codename for its latest small but powerful member of the HP 3,000 series of minicomputers. Launched yesterday, the HP 3,000 Series 37 has the same features as the Series 68, the largest131 words
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116 1984-09-22 2 I ACCOUNTANTS have a crucial role to play in promoting the use of value-added practices as a management tool in decision making. Mr Lo Hock Ling, vice-presi-dent of the Singapore Society of Accountants (SSA), said this at the opening of the two-day seminar on "Value-Added116 words
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116 1984-09-22 2 FOURTEEN more units of industrial shops will be leased to renovation contractors, this time at Yishun Industrial Park. The 102.5-square-metre units will be offered today on a first-come-first-served basis, with rentals fixed at $1,415 a month. So far, more than 70 of 78 units116 words
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Article44 1984-09-22 2 THE Department of Extramural Studies of the National University of Singapore will conduct a threeday course on 'How to develop dynamic leadership: Workshop for professionals'. The course will start on Oct 3. Further information available at Tel no *****55/ *****76 or *****80/*****00.44 words
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418 1984-09-22 2 JOANNE YAP - By JOANNE YAP ARTHUR ANDERSEN Associates, an international consultancy company, is conducting a survey of 900 manufacturers in Singapore. Questionnaires will be sent in November to local and foreign companies, especially those in the electrical and electronics industry. The company, which is the management418 words
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Article, Illustration436 1984-09-22 2 IN ASSISTING international food hygiene regulations which are constantly being tightened, Australian company Symbio Products Pty Ltd is producing liquid and powder detergents, acid-base cleaners, metal cleaners, floor cleaners, degreasers and disinfectants. Suitable for use in all sections of food processing plants, Symbio cleansers can be applied with436 words
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Article1057 1984-09-22 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL Location Chengtu Kai Maru Helene Del L Srimathi N Topaz Anni Johnson E Vigor Harvester FE Trader Sea Glory N Crystal Anna Maersk P Fillmore Nik Maksimov 6 Butang Maersk Rondo Sea Fortune1,057 words
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Page 2 Advertisements
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Advertisement62 1984-09-22 2 Golden Phoenix CHAO ZHOU GARDEN RESTAURANT 6th Storey, UIC Building, Shenton Way, Tel: *****55 (6 Lines) -:oj m a >* ft. a 5£ IMioiMii.v Sichuan 4> mun Ktndmiraiil r icirto Hotel Equatorial UUISIrI6 429 Bukit Timah Road Tel *****31 (■ol4l<»ii IMiofiii.v Sichuan (UK 4th Storey World Trade Centre 1 Maritime62 words
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OVERSEAS
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272 1984-09-22 3 NYT HONGKONG'S Mass Transit Railway Corporation (MTRC), the territory's largest public corporation and its heaviest borrower, may be unable to pay off its debts by the target date of 19% unless the volume of passenger traffic improves, Mr Wilfrid Newton, theNYT - 272 words
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Article, Illustration224 1984-09-22 3 AFP RIOTING flared outside Argentina's presidential palace on Thursday as a report alleging that 8,961 people disappeared in repression during the former military regime was handed over to President Raul Alfonsin. Mounted police dispersed a crowd of 10,000 to 30,000 people as fighting started betweenAFP; AP photo - 224 words
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Article650 1984-09-22 3 ARRIVALS Operator Service Local From number time PAA PAS 0020 JFK/SFO/HKG CAL CI33I 0150 TPE GIA GA7I 10 0235 HLP MAS MH681 0820 KUL SV SV386 0745 JED KAL KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH601 0905 KUL MAS MH67I 0935 KUL MAS MH811 0940650 words
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Article277 1984-09-22 3 Reuter A GROUP OF leading Indonesian dissidents have called on the government to appoint an independent commission of inquiry to investigate bloody riots in North Jakarta on Wednesday. In a public statement issued on Thursday, 22 members of "The Group of 50" said the clashes between troops and Muslims inReuter - 277 words
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490 1984-09-22 3 PENG AILIAN - Deficits are aggravating inflation By PENG AILIAN THE US economy cannot enjoy both extended growth and subdued inflation unless federal budget deficits are significantly reduced, according to a Conference Board study released on Thursday. The author of the US section of the study, Mr490 words
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219 1984-09-22 3 UPI IT MAY COME as no surprise, but the favourite Bible verse of Prime Minister Margaret Thatcher contains the phrase, "and she shall not be moved". This revelation, and others equally apt, came after a group of students wrote to famous people askingUPI - 219 words
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Article67 1984-09-22 3 A BRITISH research team has developed a revolutionary new scanner which doctors said would provide them with early warning of heart disease, the nation's biggest killer. The magnetic resonance scanner uses magnetism and radio waves to photograph the heart and surrounding arteries. The scanner has been67 words
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204 1984-09-22 3 Reuter THE WORLD'S largest steam locomotive factory in Datong, China, is planning to start experiments early next year aimed at developing a gas-fired engine that would almost eliminate smoke pollution. Qi Zhaohui, secretarygeneral of the Datong Steam Engine Factory, said the gas-driven locomotive was beingReuter - 204 words
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Article117 1984-09-22 3 Reuter BUSINESS leaders' confidence in the US economy continued to decline in the third quarter, but still remains at a relatively high level, a Conference Board study shows. The board's measure of business confidence registered 61 in the third quarter, down from 65 in the second quarter,Reuter - 117 words
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340 1984-09-22 3 Reuter THE US called off financial talks with leading non-commu-nist industrial nations this week because of a trade row with the European community, diplomatic sources said. The meeting was to discuss changing the rules under which industrial countries provide subsidised credit for theirReuter - 340 words
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379 1984-09-22 4 Move to strengthen trust between nations Reuter THE Soviet Union is allowing international inspection of its civilian nuclear reactors. The move, it said on Thursday, was aimed at strengthening trust between nations. The Soviet media and the International Atomic Energy Agency (lAEA) in ViennaReuter - 379 words
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150 1984-09-22 4 AFP SIX "YOUNG TURK" former colonels publicly apologised to a group of top-ranking Thai army officers in what Bangkok observers said was a bid to patch up rifts in the military. Colonel Prachak Savangchit, before a gallery of about 100 journalists, raised hisAFP - 150 words
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269 1984-09-22 4 UPI AT LEAST 2,500 years after the invention of money, some experts believe that by the end of this century, up to half of all international trade may be carried out by barter. So said reports at "International Barter 2," a two-day conferenceUPI - 269 words
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137 1984-09-22 4 THE MALAYSIAN government has imposed a 25 per cent import duty on cooling towers for heating and cooling plant and machinery, previously imported duty-free. The Customs Department, in announcing this yesterday, said the new import duty, which took effect from Thursday, was aimed at137 words
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264 1984-09-22 4 AP THE PROSPECT of winter power cuts loomed closer in Britain's 27-week-old coalfield strike yesterday after the transport union urged its 1.5 million members to block fuel deliveries to power stations to back the miners. The move by the powerful Transport and GeneralAP - 264 words
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259 1984-09-22 4 Reuter THE United Auto Workers (UAW) Union yesterday reached tentative agreement on a new contract with General Motors Corporation, ending strikes that have made more than 100,000 workers idle. UAW president Owen Bieber said strikers were being told to return to work immediately andReuter - 259 words
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Article, Illustration220 1984-09-22 4 AMERICAN evangelist Billy Graham said yesterday at the end of a 12-day preaching tour of the Soviet Union that it was "wonderful" how many churches were open there. Mr Graham, once known for his fiery anti-communist remarks, said he now believed there was a measure ofUPI Photo - 220 words
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Page 3 Advertisements
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Advertisement8 1984-09-22 3 Pan Am.Daily It Flies Smoother, Faster And Quieter.8 words
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Advertisement452 1984-09-22 3 Interim Results 1984 Hongkong Land Chairman's Comments Results The unaudited consolidated net profit after taxation and minority interests but before extraordinary items for the half year to 30th June 1984 was HK$ 175 million. This compares with a net loss of HK$ 10million for the corresponding period in 1983, as452 words
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RAW MATERIALS
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Article152 1984-09-22 4 Chinese Produce Exchange (Sellers' noon closing prices on Sep 21. SS/100 kg) Coconut oil Bulk FOB 195 00 Old drum FOB 208 00 New drum FOB ***** Copro Mixed (loose) 105 00 buyers Pepper Muntok white FOB NLW 707 50 Sarawak white FOB foq NLW 700 00 Sarawak152 words
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Article286 1984-09-22 4 Singapore (S$/kilo, ex-godown) Thai white 100% 1st class (kangaroo) new crop 1.05 100% 2nd class 0 77 100% 3rd doss 075 25% new crop No stock B-10% No stock Thai broken A-super 065 Special 060 Thai rice 55% No stock China rice 10% 092 15% No stock 25% No286 words
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Article183 1984-09-22 4 PRICES on the Malaysian crude palm oil market yesterday weakened on shortselling and reserve of buyers in anticipation of a further fall in Chicago soybean complex following a higher than expected US Department of Agriculture soybean stocks estimate. In the September position, south region fell MJ32.50 to 51,012.50183 words
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Article142 1984-09-22 4 WHEAT futures on the Chicago Board of Trade ranged from unchanged to off IV4 cents a bushel at Thursday's close. December ended near the middle of a 2 3 4 cent range. Prices recovered from early declines on active purchases by C D Commodities, estimated at three million bushels142 words
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Article122 1984-09-22 4 SOYBEAN futures on the Chicago Board of Trade fell 6'/j to three cents a bushel in subdued mid-ses-sion trade on Thursday, after prices dropped to new contract lows in morning activity. A mostly dry forecast for the mid-west lent to the weak tone. Farmers needing cash or without storage122 words
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Article179 1984-09-22 4 SINGAPORE The market closed easier yesterday with October One RSS buyers quoted at 194.50 cents per kg, down 1.50 cents from Thursday's close. MALAYSIA The market closed easier yesterday at 217.25 cents per kg for October One RSS buyers, down 0.75 cent from Thursday's close. Volume was thin as179 words
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Article63 1984-09-22 4 THE Straits tin price in Pentag yesterday remained at the ITA floor price of M|29.15 per kg. Penang's premium widened to £351 per tonne over the spot price in London from C3M on Thursday, mainly Influenced by sterling's continued weakness against the Malaysian dollar. No rationing or foreign63 words
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Article165 1984-09-22 4 Yarn (In HK$ per bale of 400 lb) Chino carded yarn, cones Blue Phoenix I6's 3,300 Blue Phoenix 20's 3,500 Blue Phoenix 32's 3,850 Blue Phoenix 40's 4,250 Carded yarn, hank Blue Phoenix 21'» 3,550 Combed yarn, cones Blue Phoenix 32's 5,000 Blue Phoemx 40's 5,250 Open-end yarn 3,100165 words
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Article336 1984-09-22 4 RAS prices (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS prompt 192 00 ***** 191 50 192 SON Int 1 RSS Oct 195 25 195 75 194 50 195 00 Int 1 RSS Nov 195 50 196 00 194 75336 words
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Article111 1984-09-22 4 (cents/kg, 1-ton pallets) Octobcr November (current mth) (forward mth) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 190 50 192 50N 192 50 193 SON SSR 50 188 50 190 SON 189 50 191 SON MRELB Buyers Sellers Buyers Sellers SMR CV 220 00 222 00N111 words
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Article871 1984-09-22 4 COFFEE Robusta futures ended a subdued morning session yesterday with gains from the previous close of £28 to £13. November finished at £2,465, up £18. The market rose on commission house buying influenced by New York's close, sterling's decline to new lows against the dollar, and constructive chart871 words
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BANKING AND FINANCE
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Article, Illustration290 1984-09-22 5 Reuter JAPAN wants expanded surveillance of debtor countries which seek extra loans from the International Monetary Fund (IMF) to pay off existing debts. Finance Minister Noboru Takeshita also called for the private sector to take a greater part with the World Bank inReuter - 290 words
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125 1984-09-22 5 Reuter THE Federal Reserve board has approved a reorganisation for Continental Illinois Corp that should make it easier for federal regulators to recover possible losses related to the assistance given Continental National Bank and Trust Co. Under the reorganisation, Continental Illinois Corp's common stock will beReuter - 125 words
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423 1984-09-22 5 AMY BALAN - By AMY BALAN FAR EASTERN Bank (FEB), which turned in a dismal performance last year, lost half of its lending business during the first six months of the year. Loans and advances and bills receivables, less provisions, the mainstay for a retail banking outfit423 words
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500 1984-09-22 5 NYT THE Federal Reserve has announced an unusually large US$7.B billion rise in the US basic money supply to $552.7 billion. However, the increase was so widely expected that it had only a slight effect on interest rates. In light trading onNYT - 500 words
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136 1984-09-22 5 Reuter COMMONWEALTH finance ministers ended a two-day meeting in Toronto yesterday with a sharp attack on high US interest rates and the threat they posed to global recovery. In a final communique, they said there is an urgent need for better policy coordination amongReuter - 136 words
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Article422 1984-09-22 5 Reuter THE August public sector borrowing requirement (PSBR) of the UK was at the high end of market expectations, prompting some brokers to question whether the government will achieve its forecast for the financial year. The August PSBR of £1.5 billion, compared with market forecastsReuter - 422 words
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188 1984-09-22 5 Reuter THE State Bank of India (SBI) has asked a sevenbank consortium led by Chase Manhattan Bank NA to improve terms on a US$3OO million loan to the National Aluminium Co (Nalco), bankers in Bombay and New Delhi said. The SBI,Reuter - 188 words
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MONEY AND EXCHANGES
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Article, Illustration770 1984-09-22 5 SINGAPORE: The US dollar extended earlier gains against major European currencies yesterday in fairly active late trading on overseas buying. The flash forecast of 3.6 per cent growth in US third quarter GNP, the US$7.B billion rise in latest US M-l money supply and news that United Auto770 words
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Article246 1984-09-22 5 Interbank rates at 3pm Curranciea Nominal ral tea Smithsonian quoted yesterday croaa parity change Local dollars to one unit of foreign currency: US doHar 2 1695 2 1705 2 8196 -23 06 Sterling pound ***** ***** 7 3469 -64 15 Australian dollar 1 7952 1 7982 3 4286246 words
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Article117 1984-09-22 5 THE OVERNIGHT rate rose by s h-point to close at 7V* per cent on the Singapore interbank market yesterday. The two and threemonth term rates rose by 1/16-point each, while the one-month maturity remained at Thursday's closing level. S$ interbank rates at 3pm yesterday Offer Bid Overnight 7117 words
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Article53 1984-09-22 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued on Sep 24 and from Sep 26 to Sep 28: Offered: $140,000,000. Applied far: $175,000,000. Allotted: $140,000,000. Accepted bids: $99.25 approximately 80 per cent; higher bids in full. Average rate of discount on allotment: 3.010 per53 words
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Article254 1984-09-22 5 ASIAN dollar deposit rates Foreign exchange closed steady yesterday at Opening Closing lower opening levels in £/US$ 1.2150 1 2145 quiet afternoon trading. US$/Sfr 2 5720 2 5710 Interbank USS/DM USS/yen 3 1490 247 85 3 1645 247 35 a s 2 01 s USS/SJ 2 1690254 words
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Article351 1984-09-22 5 BA Futures Inc EURODOLLAR futures opened easier yesterday at Simex on news of larger-than-expected increase in money supply in the US on Thursday night. December Eurodollar opened at 88.55, four points off Thursday's close and seven against the CME's close. Initial selling interest on profit-taking pushed it to aBA Futures Inc - 351 words
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Article205 1984-09-22 5 HONGKONG The metal closed lower yesterday at U*****.30/80 an ounce against New York's finish of $342.00 50 after fluctuating narrowly during the day. On the local market, gold ended HK$5 lower than Thursday's close at $3,185 a tahil after it moved in a day's range of $3,178 3.194. The205 words
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Page 5 Advertisements
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Advertisement61 1984-09-22 5 M NOW OPEN FOR BUSINESS Qjmuß~Gomer i □r r Where Peking Sichuan Cuisines Reach the Very Peak of Perfection. Where Every Dish is Carefully Created By Our Master Hong Kong Chefs. At the Cairnhill Hotel. HOTKI, Lunch ti®*- QOpm 11.00 am 4 WF Dinner time: 6,00pm 11 —1 1 1961 words
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FEATURES
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Article466 1984-09-22 6 ENGINEERING undergraduates who feel strongly that they are underpaid while undergoing vocational training should stop complaining and start doing something about it. They could either seek a transfer to another company which pays more than the $250 recommended base rate, or, failing that, look for466 words
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Article, Illustration762 1984-09-22 6 FLORA LEWIS - As the UN gathers for its annual meeting, there are those who raise the issue of a charter review By FLORA LEWIS NYT THERE HAVE been about 150 wars in the world since the United Nations was founded in 1945 to keepNYT - 762 words
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831 1984-09-22 6 SEHYON JOH - The matchmaker abroad —classified ads and the clergy Asian immigrants lose one thing when they start new lives in the United States the traditional matchmaker. So young AsianAmericans rely on less traditional forms such as marriages arranged by mail, newspaper advertisements, and help from clergy. SEHYON JOH reports. SEHYON JOHAP - 831 words
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Page 6 Advertisements
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Advertisement119 1984-09-22 6 THEIR REAL ROLE Yet another current issue nailed down in a critical analysis in the September 16 issue of Malaysian Business. Other highlights include: •Insecure Guards: A close look at the security industry •Invisibles: How individual exporters can help reduce the deficit. •Restaurants: Franchising, Malaysian style. •Education: The lucrative learning119 words
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Page 6 Miscellaneous
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Miscellaneous1010 1984-09-22 6 W IMD IMDUD IJ HIGHLIGHTS Fighter Pilot Graduation 8.15 pm, Channel 12 Proud parents, wives or girlfriends watch the parade as the cadets get their commissions. Once again, students are tested and the assessors reveal their strong and weak points. Then, it is all over. The boys are now officers.1,010 words
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TIME-OFF
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Article, Illustration845 1984-09-22 7 FRANK PRIAL - By FRANK PRIAL NYT THE SAUTERNAIS, the people of Sauternes, spend a great deal of time trying to come up with things to do with their wine without much success. It is a great pity because their sweet, white wines are beautiful and the rest of usNYT - 845 words
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185 1984-09-22 7 A salute to sin in honour of Singapore's tourists STRAWS in the Wind DO TOURISTS find Singapore boring? Would a bit of naughty nighttife brighten their evenings and boost the tourist trade? The Singapore Tourist Promotion Board apparently thinks so. We recently received a telex from STPB stating its intentions185 words
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Article, Illustration100 1984-09-22 7 THE Singapore Symphony Orchestra, through their local distributor, has Just released three LPs of orchestral music. Seldom recorded, Verdi's Overtures, Res pig hi's Concerto Gregariano and Poem» Autumn Ale, and Asian Evergreens are available from leading record dealers. They are also on cassette tapes. Maestro Choo100 words
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Article405 1984-09-22 7 CONCERTS Tonight, last appearance of SSO's guest Russian cellist, Valentin Feygin. Victoria Concert Hall, 8.15 pm. Tickets: $4, $7, $10 and $15. Feygin is also appearing with Victor Poltoratsky, Russian pianist whose first piano lessons were taught by his mother. Sep 24, Victoria Concert Hall, 8.15 pm. Tickets:405 words
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Article, Illustration322 1984-09-22 7 LISA LEE - By LISA LEE MANY have heard of the inviting warm seas and the rich perfumed roses of Bulgaria, but Singaporeans will be the first in Asia to be treated to Bulgarian ballet at the World Trade Centre. Come October 2 and 3, a 24member322 words
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Article131 1984-09-22 7 MOST OF US.have difficulty pronouncing Twyla Tharp's name, let alone being able to identify her works. This should soon be remedied with SBC's screening of the innovative modem dance choreographer's Confessions of a Corner Maker. Three of Tharp's dances, Baker's Dozen, Short Stories and Bach Duet, will131 words
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SPORTS
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Article, Illustration643 1984-09-22 7 BRIAN MILLER - By BRIAN MILLER IT'S THAT time of the year again. Gold Cup fever's in the air. And next Sunday we will witness the running of the $210,000 Singapore Gold Cup. However, the action all starts at Bukit Timah this afternoon where nine races643 words
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Article104 1984-09-22 7 UPI PITCHER Tim Lollar clubbed a threerun homer to highlight a five-run second inning on Thursday, assuring the San Diego Padres of at least a tie of the National League West title with a 5-4 victory over the San Francisco Giants. The Padres,UPI - 104 words
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98 1984-09-22 7 UPI JOHNNY Ray's sacrifice fly scored Joe Orsulak to climax a two-run rally in the eighth inning on Thursday and lift the Pittsburgh Pirates to a 7-6 victory over the Chicago Cubs and a sweep of the three-game series. The Cubs, who dropped theirUPI - 98 words
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843 1984-09-22 7 STEVEN CRIST - All Along French filly that made good By STEVEN CRIST NYT NEXT TO her stall in Barn Nine at Belmont Park, there is no plaque reading, "All Along Horse Of The Year 1983", and even if there were one, many people would still not believe it. The French filly whoNYT - 843 words
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Page 7 Miscellaneous
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Miscellaneous626 1984-09-22 7 S CRYPTIC PUZZLE ACROSS 9 How impressive the giant was to the child? (9) 10 Thought the cocktail I made had gin In it (8) 12 Loaf about when I drop Eliza off (4) 13 Get "A beer, please," in German right (6) 14 Tell you, in a near frenzy,626 words
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INTERNATIONAL STOCKS
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299 1984-09-22 8 Reuter MCDONALD'S Corp stock has come under pressure on the New York Stock Exchange after Prudential Bache Securities cut its short-term recommendation on the company from an "aggressive buy" to "okay to buy". Analysts said the decline came on the Prudential Bache move. PrudentialReuter - 299 words
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Article103 1984-09-22 8 Reuter TATE and Lyle PLC has extended its offer for Brooke Bond Group PLC until Oct 11 after acceptances reached 2.04 million Brooke Bond ordinary shares or 0.66 per cent. Tate'and Lyle's stake in Brooke Bond, combining acceptances with the two million shares held beforeReuter - 103 words
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Article84 1984-09-22 8 AFP SHAREHOLDERS of Superior Oil Co have approved a takeover plan, worth US$5.7 billion, proposed by Mobil Oil Company, the second-largest oil company in the US. In another major business merger on Thursday, Phillips Petroleum Company said it had concluded a definitive accord on its planAFP - 84 words
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279 1984-09-22 8 UPI LONG-AWAITED evidence that the US economy is slowing materialised on Thursday but the stock market had to rely on a late rally to register a small gain in moderately active trading. Brokers said some investors stayed on the sidelines prior to the FederalUPI - 279 words
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Article211 1984-09-22 8 sen 20 Ab«ti6« Ale on C$ 32 364 unch 4 Imp CM Inco tnt Prov P<>e Int Uts 434 144 324 244 4 unch -4 4 21 4 Intl Nickel Bank Mont Bonk Nova Scofto Bd Tel BP Con Ltd 244 124 324 274 -4 unch unch 4 Ken211 words
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Article280 1984-09-22 8 sept 20 Rand Trust Bk 215 10 Un Steel 100 unch INDUSTRIALS Umsec 495 unch A Alpho 785 Woohxofth I350S unch Abercom 130 unch MININGS 60 A£ And CI 745 unch Anglos 2185 Amoprop 330 unch Anglvool ***** 25 A MIC 2475 -25 Blyyoors 1715 15 Boriows 1055 15280 words
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Article761 1984-09-22 8 strr 20 A CP Industries Akon Alurren Alcoa Alegheny Lud Alked Chem Cp Aled Stortt Afcs-Chalmers Am Brands kx Am Broodcast Am Can Co Am Cyanamd Am Elec Pwr Am Express Am Home Prod Am Motors Cp Am Natural Gas Am Tel Tel Amax Inc Amerada Hess AMF761 words
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Article993 1984-09-22 8 Amsterdam strr 20 Fh ABN ***** 1 Aegoo 123 00 0 5 Ahold 197 50 1 2 Akzo 97 00 1 AW v 175 50 -05 Amtos Amrobok 61 80 06 BoV 43 30 0 4 Boh 98 20 02 Boriumai 255 00 -4 Bosk a Burt«t 67993 words
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Page 8 Advertisements
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Advertisement217 1984-09-22 8 888wfilwit888l WBSmWT Xr& _The Summer Rilauepntkik (mcnls j sf\\ ul kuu hixwi mmu Mfc can think of sixteen reasons why wn should try our unique new menu... Braisetl fish maw soup with crab meat. braised fungus soup with assorted meat, braised bean ami with vegetables. braised diced chicken with fresh217 words
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Advertisement82 1984-09-22 8 Spectacular >• Double Bill V Cedric& Debbie Kattiy Los Amors CXjouble excitement hits ROBIN'S TAVERN Two popular groups entertain from 5.15 p.m. onwards. A single group performs on Sundays and Mondays. x^Ti7!T>v 25% discount on all drinks. M Offers are valid during HOTEL ASIA Your friend in Singapore HOTEL ASIA82 words
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Advertisement147 1984-09-22 8 The President Lounge presents TIL' sweet sounds of t/u'Nufiitufala W s* V !?£>l ii I he Nightingales, a capmatinf all-pri hand Irixn limn will \iny vour lavountc numhets while sou unwind altera hard da>\ work with a lavounte dnnk Relax wilh Ihe Nightingales and Ihe New Sensations our throbbing resident147 words
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Advertisement120 1984-09-22 8 m MEMBERSHIP FEE Single $15.00 per month Couple $25.00 per month Family $30.00 per month Group/Company Negotiable ENTITLEMENTS: Exclusive use of the Swimming Pool on 3rd Floor of the Hotel from 8:00 a.m. to 9:00 p.m. 10% Discount on all meals in Cafe De Grand. 10*0 Discount on all dunks120 words
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Advertisement141 1984-09-22 8 London stocks, Page 11 t0 Feng Cheng Lou for the best Teochew food in town. Discover V mouth-watering delights prepared W* by hong Kong chefs. And feel like royalty while you dine in Oriental splendour. Open daily from: 12.00 noon 3.00 pm for lunch and 7.00 pm I 1.00 pm141 words
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ASIAN STOCKS
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Article401 1984-09-22 9 HONGKONG: Share prices closed about steady yesterday after fairly heavy early profit-taking but sentiment remained bullish amid general confidence over the soon-to-be-announced Sino-British agreement on Hongkong. The Hang Seng Index stayed above the psychologically important 1,000 mark, ending 2.05 down at 1,000.08, after a morning session close of 998.60.401 words
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Article261 1984-09-22 9 SCPT 21 NT Chem ln<kjs 2020 -02 Lien Hwo ItkVis 13 15 005 Al Smcire Indus 650 0 05 Nan Yo Ptas 30 90 -02 A wo Cement 25 50 -0.1 Pocrfic Cons 27 40 +0 1 Cotho* Coos 27 60 Pocrfic Elect 19.10 -02 Chong Hwo Bonk 57261 words
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Article369 1984-09-22 9 TOKYO: Share prices weakened in quiet trading yesterday, affected more by yen weakness against the dollar than an overnight gain on Wall Street. The market average fell 16.23 to close at 10,505.11 after Thursday's 30.96 decline, with the turnover 250 million shares against 260 million on Thursday. The Tokyo369 words
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Article76 1984-09-22 9 Sep 21 Bonk Seoul Won 656 1 Hyundoi Motor KAL 613 470 -2 -1 Choheung Bv 636 -14 1251 -IB Commercial Bk DoeWn Ind 677 575 -8 -2 -2 Korea S»*p 432 745 -2 -6 Daewoo Ind Dong Ah 630 720 700 10 -12 -11 Samsung Co Samsung Elec76 words
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Article360 1984-09-22 9 SYDNEY: Share markets firmed across the boards yesterday on support for industrial issues following a small rise on Wall Street and a number of encouraging profit results. Near the close, the All Ordinaries Index was up 3.9 at 725.7, the All Industrials Index was up 5.1 at 1,041.1 and360 words
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Article148 1984-09-22 9 BANGKOK: Share prices closed lower in quiet trading yesterday. The Book Club Index rose 0.10 point to 119.59 as declines led advances by a small margin and turnover fell to 228,673 shares worth 26.0 million baht from 280,005 shares worth 45.0 million on Thursday. Siam Citizens was the most148 words
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Article107 1984-09-22 9 MANILA: Share prices closed easier in continued dull trading yesterday, reflecting the Philippines economic situation. The Commercial and Industrial Index eased 0.14 to 106.83 and the Mining marker fell 3.26 to 923.74 while Oils were down 0.017 at 0.629. sirr 21 Pans Onantoi B Phi Ov«MOt Phfex B 0.013107 words
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57 1984-09-22 9 AFP A MAJOR Japanese trading house, Sumitomo Corporation, has acquired a 15 per cent equity share in Icelandic Alloys and has become its sole agent in Japan for sales of ferro-silicon. Under the partnership, Sumito plans to import annually 20,000 tonnes of ferro-silicon which is widely usedAFP - 57 words
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511 1984-09-22 9 FT ATARI Taiwan Corporation is tooling up for an assault on computer markets in the US and Europe in the wake of a US$24O million takeover of its assets by Jack Tramiel, founder of Commodore Computer Company. Sam Tramiel, the chairman's son andFT - 511 words
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356 1984-09-22 9 THE largest department store in Hongkong will be opened in Shatin at the end of the year with a HK$lOO million investment by the Japanese department store group Yaohan. The president of Yaohan group, Kazuo Wada, said a 10year lease with Sun Hung Kai356 words
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Page 9 Advertisements
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Advertisement138 1984-09-22 9 t'jivSfSt ytr/* BRjountes w U ?v -> V Nonya Buffet Nonva cia a t the Luna twv'jrv^mnn <§^|SC~. A Night tc £eman£«r...a*llliEEMPS Walk down memory lane on Sunday as renowned disc jocky Tan Swcs Leong spins nostalgic hit songs of the 50s and 60s and brings you exciting games from138 words
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Advertisement139 1984-09-22 9 IJU^n .1 W rP The authentic taste of 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 Lunch from $17 subject to 10% service charge and 3% CESS A A© Centurv139 words
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Advertisement180 1984-09-22 9 Panamount HotelWhere the happy p«opie go T •u oft Hi •V-r; COCXTAM. LOUNGE Experience a new and refreshing concept in cocktail lounge entertainment. Experience The Gazebo The frontispiece of Paramount Hotel, away from all the hustle and bustle. A free flowing garden terrace in subtle shades of grey and beige180 words
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Advertisement82 1984-09-22 9 Music Room 4 From English afternoon teas of hot scones and strawberry jam, to evening cocktails. Then dance to the music of Juliana s of London. Linger. The mood is Distinctively Hilton in Style. HKION MTbRNATIONAb SINGAPORE if i t m Dine in the grand tradition of emperors Where sumptuous82 words
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Advertisement113 1984-09-22 9 Whether you have an appetite for local or continental cuisines, you'll find our dishes appealing and delicious, our staff friendly and efficient. I>y our new additions specially prepared by top Hong Kong chefs: Tim-sum Barbequed pork Wonton noodles Roasted duck Congee And many others! Matmm/. MOTKI, W 19 Caimhill Cirde113 words
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SHARE INFORMATION
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Article, Illustration4152 1984-09-22 10 IN THE absence of fresh developments, trading at the Singapore stock market was quiet yesterday. Share prices closed mixed and volume remained thin. Thanks to small gains made by a handful of blue chips, both the major local indices were up at the4,152 words
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Article267 1984-09-22 10 SINGAPORE Rises Indices Selongor Dredg 600 Kentucky Spore 460 Sfmlinn 545 Mlf Hldgs 50( 235 Suprtm Corpn 165 M Banking 890 Phm 580 San Lin Fmonce 290 G 1 Hldgs SOi 267 Kuoio Sidw 496 O U 400 Falls 20 20 15 13 13 10 10 7267 words
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Article473 1984-09-22 10 THE Kuala Lumpur stock market put on another lethargic performance yesterday with share prices finishing on a mixed to easier note. Except for Kumpulan Emas Bhd, which made its debut yesterday, trading generally remained quiet with investors staying away. Thanks to Kumpulan Emas, which accounted473 words
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Article3090 1984-09-22 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. AH Time SetUement Contracts are quoted after the word "SETT".3,090 words
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Page 10 Advertisements
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Advertisement8 1984-09-22 10 Business dons on ths KLSE See pegs 118 words
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COMPANY NEWS
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Article, Illustration320 1984-09-22 11 saiMf (parcra HOCK LOCK SIEW AFTER the ruinous market slide of 1981/82, there arose from the ashes, the biggest and speediest market recovery ever experienced by the local stock market. But fortunately for chart readers, when a price trend is in the process of reversing from downHOCK LOCK SIEW - 320 words
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Article2084 1984-09-22 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 lota of 1,000 units unless otherwise specified. INDUSTRIALS Ajonomoto (3.865) Alcom (1.868 1.88S) (5) 1.89 (2) 1.87(2)2,084 words
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Article96 1984-09-22 11 HONGKONG Australian Industrials Hong Seng Index Friday 1041.1 Thursday 1036.0 Friday 1000 08 Week ago 1033.2 Thursday 1002.13 Week ago 945.44 NEW YORK Dow Jones TOKYO Thursday 1216.54 Wednesday 1213.01 Tokyo Dow Jones Week ago 1228.25 Friday ***** 11 Thursday ***** 34 Standard and Poors Week ago *****.5496 words
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Article223 1984-09-22 11 Managers' prices for Sep 22 24 Singapore Unit Trust The Commerce 2 83 3.03 The Savings Fund 1.85 196 S'pore Prog Fund 1 22 1 29* S'pore Sec Fund 184 195 S'pore Invest Fund 114 1.21 S'pore Equity Fund 126 134 Asia Unit Trust Second B'putra Third B'putro223 words
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236 1984-09-22 11 THE PROFIT downturn at Hotel Marco Polo Ltd, which began in the second half of 1983, continued into the first six months of this year. Both taxable and post-tax earnings fell by a fifth, leaving net earnings per share at only 1.6 cents against236 words
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LATEST
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Article36 1984-09-22 11 Pre- tax profits for the group rose sharply to MsB.Bl million (from $6.14 million) during the six months to June 30, 1984. Group turnover similarly shot up to $17.35 million (from $11.89 million).36 words
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Article31 1984-09-22 11 The company made lower pretax profits of M 52.71 million ($3.12 million) for the half-year ended June 30, 1984. But turnover rose to $25.44 million from $24.16 million.31 words
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Article, Illustration485 1984-09-22 11 NAJEEB JARHOM - By NAJEEB JARHOM SMALL investors are getting more than a third of Lim Kah Ngam Ltd's 25.13 million share offer and they stand a reasonably good one-in-five chance of getting the 1,000 shares they have applied for. But larger applicants, who used485 words
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Article321 1984-09-22 11 TIN SMELTING group, Datuk Keramat Holdings Bhd is not expected to maintain its previous year's level of profitability as was earlier forecast. For the six months to July 31 this year, the group suffered a sharp 37 per cent fall in pre-tax profits to MJ3.83 million321 words
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Article78 1984-09-22 11 ALEXANDRA Heidings Limited: AGM on Sep 22 at noon at Alexandra Road (0315). APOLLO Enterprises Limited: EGM on Sep 22 at 10am in Conference Hall, 18th Floor, Apollo Hotel, 405, Havelock Road (0316). VAN Der Herat Limited: EGM on Sep 24 at 9am at 11 Pandan Crescent (0512).78 words
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Article698 1984-09-22 11 EQUITIES closed mostly easier after a mixed session, helped initially by sterling's firmer trend and buying at cheaper overnight levels, dealers said. Wall Street's lower opening gave prices a markedly easier bias and by 3.30pm, the FT-SE 100 index had declined by 3.2 points to 1126.1. BOC feU698 words
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Page 11 Advertisements
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Advertisement71 1984-09-22 11 How to give 3 how to receive. One of the most difficult problems in human relations— in business and outside of it— is the giving and receiving of criticism. But it's a very necessary skill for managers, who have to use it in training, disciplining and reviewing performance. Criticism: How71 words
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540 1984-09-22 12 LIM SOON NEO - Travellers to enjoy cheaper fares By LIM SOON NEO MORE PEOPLE are hopping onto the Kangaroo Route between Singapore and Australia. With air fares between the two destinations heading downwards, business for airlines is expected to grow by leaps and bounds. Tourists appear to540 words
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Article, Illustration510 1984-09-22 12 Reuter SIX PEOPLE were killed and 35 injured in Thursday's suicide car bomb attack on the US Embassy in East Beirut, a US Embassy spokeswoman said yesterday. State-run Beirut Radio had said 23 people were killed and 60 injured.Reuter; UPI Photo - 510 words
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285 1984-09-22 12 Reu ter THE BOMBING of the US Embassy in Beirut on Thursday gave Democrat presidential nominee Walter Mondale a rare chance to take a harder line than President Reagan on a foreign policy issue. Mr Mondale, often accused of being over-cau-tious andReu ter - 285 words
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202 1984-09-22 12 Bernama THE ASEAN Ministers of Agriculture meeting in Manila next month is expected to approve the setting up of the proposed Asean Centre for the Development of Agriculture Cooperatives (Acedac). Director-general of the Farmers Organisation Authority (FOA), Mr Abdullah Ujang, said yesterday thatBernama - 202 words
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Article, Illustration130 1984-09-22 12 BRIGADIER-General (Res) Lee Hsien Loong has been appointed Political Secretary to the Minister for Defence from yesterday. A statement from the Prime Minister's Office said that in his new post, Brigadier-General Lee would help the minister to formulate policy directions for the130 words
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433 1984-09-22 12 LOH HUI YIN - By LOH HUI YIN A DECISION on lowering the lead content in petrol from the present 0.4 grammes per litre used by Sngapore cars will be made only after detailed studies. This assurance, much needed by oil companies, was433 words
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Article150 1984-09-22 12 AP STOCK prices on Wall Street yesterday were mixed after 45 minutes of trading after an improvement in blue chip prices. The Dow Jones industrial average, which began the day in the loss column (down 0.33 points in the first half an hour), was up 2Vt pointsAP - 150 words
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LATE FILE
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Article66 1984-09-22 12 Reuter THOUSANDS of anti-gov-ernment opponents led by Mr Agapito aquino, brother of Mr Benigno Aquino, began a night vigil outside the residence of Philippine President Marcos after police stopped their march yesterday near a bridge leading to the presidential palace. They vowed to stay indefinitely unlessReuter - 66 words
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Article56 1984-09-22 12 ONE OF Australia's leading businessmen said yesterday that Australia should quadruple its annual intake of migrants to 250,000 people a year. The managing director of Elders IXL, Mr John Elliott, said Australia had relied for a long time on its exports, but needed many more56 words
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Article48 1984-09-22 12 Reuter THE Japanese National Council of Stock Exchanges said in a survey report the payout ratio (ratio of dividends to net profits) of Japanese companies fell 0.86 percentage points in the year ended March 31 to 36.68 per cent from 37.54 in 1982/ 83. RenterReuter - 48 words
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Article39 1984-09-22 12 Reuter MALAYSIAN Prime Minister Mahathir has arrived in Italy for a six-day visit during which he will meet Italian President Sandro Pertini and Prime Minister Bettino Craxi, a statement from Mr Craxi's office said. ReuterReuter - 39 words
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Article49 1984-09-22 12 AP CHINA disclosed for the first time yesterday that it sent a dog into space 17 years ago in an experimental rocket. The Zhongguo Xinwen She said the disclosure came in a report by the Defence Ministry's committee on science and technology industry. —APAP - 49 words
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Advertisement283 1984-09-22 12 lIH xl m m m m m s m SUS UNITED overseas land limitei irjCORPOPATED *4 Tne RfPuetC OF StNGAPOR€I NOTICE TO: HOLDERS OF THE $90 MILLION 9% UNSECURED LOAN STOCK 1980/87 ("LOAN STOCKHOLDERS") NOTICE IS HEREBY GIVEN THAT:1. Pursuant to the terms of issue of the 5590,000,000 9% Unsecured283 words
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Advertisement432 1984-09-22 12 K TIMES CONFERENCES Presents A TOP-LEVEL CONFERENCE ON SINGAPORE COMPANY LAW THE DIRECTORS WITH PARTICULAR REFERENCE TO THE COMPANIES (AMENDMENT) ACT 1984 4 5 OCTOBER. 1984 SINGAPORE OPENING KEYNOTE ADDRESS Mr Tan Boon Teik CONFERENCE CHAIRMAN Associate Professor Philip DIRECTORS' CIVIL AND CRIMINAL LIABILITIES Mr Graham Starforth Hill Consultant. Frere432 words
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Page 12 Miscellaneous
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Miscellaneous59 1984-09-22 12 Outlook for today: Partly cloudy; Showers in several areas in the late morning and early afternoon. Report for 24 hours prior to 7 30pm on Sep 21 at the airport Maximum temperature 28.7 Associated humidity 74 Minimum temperature 23.5 Associated humidity 91 Hours of sunshine 0.60 Rainfall in millimetres 16.059 words
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