The Business Times, 6 October 1984

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, OCTOBER S, 1984 60 CENTS
    12 words
  • 289 1 RENEWED speculation that the Malaysian government might introduce an exit tax to curb foreign travel and to generate revenue has been dismissed as unfounded by the director of the Malaysian Tourist Development Corporation office in Singapore. Mr Idros Mohd was responding to
    289 words
  • 483 1  -  Malaysian dealers report heavy selling by banks in Singapore By PENG AILIAN RUMOURS of an impending devaluation of the ringgit descended out of the blue on the foreign exchange markets yesterday, forcing the Malaysian central bank to intervene to restore stability. The rumours were so strong
    483 words
  • 627 1  -  By SOH TIANG KENG, AMY CHEOK THE SHOCK closure of merchant bank Jardine Fleming (Singapore) received a mixed reception in the financial sector yesterday. The withdrawal of the Monetary Authority of Singapore's approval for JFS to act as a merchant bank, was said by bankers
    627 words
  • 211 1 UPI US CONGRESSIONAL negotiators have deleted several traderestricting provisions strongly opposed by the Reagan Administration from a package of trade legislation which they hope to send to the president. There remains, however, many controversial trade issues still to be settled between the negotiators from the Senate
    UPI  -  211 words
  • 115 1 AP CIVILIAN unemployment in tne United States edged down to 7.4 per cent in September, the lowest in more than three years, as the labour market resumed its improvement after two months of rising or stagnant joblessness, the Labour Department said. The 0.1 percentage point drop
    AP  -  115 words
  • Article, Illustration
    66 1 THE SINGAPORE stock market wu alarmed by rnmoors of a de valuation of the Malay sifti rliggit yesterday, Jut when prices were firming. Hie news seat prices dropping sharply throughout the day. Market pandits, however, dismissed the rumours as remote. At the close, the BT Composite Index had
    66 words
  • 555 1  -  By JOHN LIM Industrial Correspondent A JOINT anti-piracy group recently set up in London has scored its first success by seizing more than $600,000 worth of pirated music tapes which were shipped from Singapore to the West African state of Benin. Acting on information from
    555 words
  • 387 1 THE GOVERNMENT wants Singapore to become a "onestop shopping centre" for automation systems in the AsiaPacific region. It is building a training, manufacturing and support network that will help companies here to become major exporters of office and factory automation
    387 words
  • Page 1 Advertisements
    • 211 1 :-ASIAi4B4 TECHNICAL CONFERENCE 'AND WORKSHOP SESSIONS Eminent technologists from 10 countries presenting the latest in electrical electronic engineering For more information, call:INTERFAMA PTE LTD Tel: *****12 1 PERFECTLY MATCHED A The Big Name from Japan's No. 1 Clubmakers The Super Extra Correct Light Steel Shaft Woods and the CL-707 Hegane
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    • 277 1 msm SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGES 5 PAN Pacific Singapore, which will be the biggest hotel in Marina Square when completed next year, has just awarded at least $31 million worth of contracts for interior design work. Page 2 MARTIN Feldstein has predicted that President Reagan will
      277 words
    • 17 1 Full report, Pag* 10 International stocks, Pag* 8 Asian stocks, Pag* 9 IFPI mNli retailers, Back Page
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    • 92 1 >!$)~~@'"-|`!,%>?\`{}~=[*$)/},) Hongkong Bank auto Pay In one month they saved a company 250 cheques, 60 reminder letters, 72 man-hours and 2 headaches. And they did it free of charge. The Hongkong Bank Action Team TheHong^Bank/^^^^ ACt, nL,ne o showed that how to make regular collections and ZZ3U payments automatical ly
      92 words
    • 6 1 An Interfama organised show Tel *****12
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  • HOME NEWS
    • 401 2  -  By LIM SOON NEO PAN PACIFIC Singapore, which will be the biggest hotel in Marina Square when completed late next year, has also spent one of the biggest sums on interior design. The 800-room hotel has awarded at least $31 million worth of
      401 words
    • 295 2 IN SPITE OF past election defeats, the Barisan Sosialis will field the same four candidates in the same constituencies it did in the last elections. Barisan chairman Lee Siew Choh, 67, a doctor, will stand in Boon Teck, where he lost to the PAP's Michael
      295 words
    • 116 2 THE United People's Front yesterday announced that it will field a lady candidate in Teck Ghee, where PAP candidate Brigadier-General Lee Hsien Loong is also expected to contest, in the coming general elections expected in December. UPF general-secretary Harban Singh said the move was not deliberate
      116 words
    • 272 2 THREE FAMILIES have taken up the Housing and Development Board's offer to reject their flats because of their proximity to a proposed funeral parlour site, but their decision may have nothing to do with the location of the site. At
      272 words
    • 43 2 GUEST of honour at the inauguration of the Singapore Structural Steel Society on Oct 23 will be Mr Chow Kok Fong, deputy director of the Construction Industry Development Board, and not Mr Chow Kwok Fong as reported in BT yesterday.
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    • 227 2 IT WAS a proud moment for the Hon family yesterday when they gathered around a model of the Hon Sui Sen Memorial Library. Mrs Annie Hon, wife of the late finance minister, had earlier laid the foundation stone for the library at the
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    • 215 2 TRADE visitors to the Metal Asia/AutomAsiaB4 exhibition at the World Trade Centre next week will be able to get any information they need about the exhibition within seconds. A new information retrieval system called "electronic directory" will provide a quick reference guide to
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    • 125 2 THE MINISTER for Economic Affairs and Transport, Mr Heinrich Hokenbrink, from the Federal State (Land) of RheinlandPfalz, West Germany, will visit Singapore from tomorrow until Oct 11. Accompanied by three officials, Mr Hokenbrink's visit coincides with the Metal Asia '84 at the World Trade Centre.
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    • 52 2 THE AMERICAN Embassy will be closed on Monday, Oct 8, in celebration of Colombus Day, the birthday of Christopher Columbus, the discoverer of America. Visas, US passports or other consular services will not be provided that day and travellers are advised to make their travel
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  • 1107 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdna FCL Location N Topaz 36S/N 7.10.84 0700 NAPL FSB 0900-1100/1730-1900 B3 0700-0900/1600-1730 F3 E Pioneer 103W 7.10.84 0700 G Asia FSB 0900-1100/1800-1900 N2 Petr Dutov 28CE84 7.10.84 0700 S'pore Sov 51 1100-1300/1800-1900 B8 Seo
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  • Page 2 Advertisements
    • 230 2 Your corporate signature can tell a A lot about your company. Dont risk a I I negative image with poor quality I signs. Talk to the ASG Colour Signs people for beautiful signs that do your image proud. At ASG Colour Signs, a member of the Times Organisation, quality is
      230 words

  • OVERSEAS
    • 441 3 AP FOLLOWING a healthy lifestyle does not seem to help older people live longer, concludes a new study that contradicts a widely held belief. The research, conducted at Harvard Medical School, challenges the idea that clean living will help the elderly
      AP  -  441 words
    • 87 3 UPI THE COST of living in Argentina skyrocketed 27.5 per cent in September, pushing inflation rate to a staggering 687.8 per cent, the Argentine government said. The National Statistics and Census Institute said consumer prices surged by 687.8 per cent over the past
      UPI  -  87 words
    • 759 3 ARRIVALS Operator Service Local From number time PAA PA5 0020 JFK/SFO/HKG CAL CI331 0150 TPE GIA GAI421 0405 HLP MAS MH681 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH601 0905 KUL sv SV386 0910 JED/RUH MAS MH67I 0935 KUL MAS MH8I 1 0940
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    • 237 3 DELEGATES at the annual conference of Britain's opposition Labour Party have overwhelmingly rejected a resolution calling on party leaders to back law-breaking in defence of trade union rights. Among those voting against the motion were delegates from the National Union of Mineworkers (NUM), three-quarters
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    • 231 3 Reuter WEST GERMANY, urging East Germans not to use its diplomatic missions as exits to the West, has temporarily closed the doors of its embassy in Prague, where about 40 refugees have been camped for at least a week. "The government appeals
      Reuter  -  231 words
    • 218 3 UPI BOYCOTT leaders formally ended their seven-year action against Nestle on Thursday and said they would step up efforts against three American companies that are not complying with international codes on the sale of infant formula. The action was an effort to curtail Nestle's
      UPI  -  218 words
    • 191 3 UPI FORMER West German Chancellor Willy Brandt has called on Europe to finance a Marshall Plantype economic rescue program for Latin America's growing debt problem. In a speech delivered on the second day of a threeday visit to Argentina, Mr Brandt
      UPI  -  191 words
    • 300 3 UPI INDONESIAN President Suharto appealed for national unity on Friday in the wake of three terrorist bombings against Chinese-owned businesses. "The country has already faced numerous challenges and tests and has reached a very dangerous stage," he said at ceremonies marking
      UPI; UPI photo  -  300 words
    • 192 3 AP THE TAKEOVER of the Philippines' largest university by a foreign-backed group that claims meditation can solve all world problems has brought complaints from church and school officials and a call for a government inquiry. The new owners of Manila's University of the East
      AP  -  192 words
    • 353 3 AP PHILIPPINE armed forces chief General Fabian Ver has denied in an interview published yesterday that he had anything to do with the assassination of opposition leader Benigno Aquino, and said he would not resign even if an investigation says a military
      AP  -  353 words
    • 414 4 UPI MARTIN FELDSTEIN, President Reagan's former chief economic adviser, has predicted that Mr Reagan will decide to raise taxes in exchange for budget cuts from the US Congress next year to reduce the record federal deficit. "After the election, Congress and
      UPI  -  414 words
    • 155 4 AFP THE Indonesian state oil company .Pertamina has signed a contract with Japan Gasoline Corp (JGC) for the building of a US$3OO million liquefied natural gas (LNG) production train at Arun, North Sumatra, the Kompas Daily reported yesterday. The new LNG production unit, to become the sixth
      AFP  -  155 words
    • 182 4 Bernama THE Malaysian Customs Department has announced more tariff protections for the local industries, this time involving several chemicals and iron and steel products. According to a statement yesterday, a 15 per cent import duty has been levied on isopropylamine salt of N-phopono-methyl glycine, with
      Bernama  -  182 words
    • 196 4 UPI A FEDERAL disaster area has been declared for a region in northern Quebec where at least 10,000 caribou drowned while trying to cross two rain-swollen rivers. The bodies of the caribou, part of an estimated herd of 360,000, littered the banks of the Caniapiscau
      UPI; UPI photo  -  196 words
    • 173 4 Bernama THE PRESENT Malaysian Airline System-Singapore Airlines shuttle service between Kuala Lumpur and Singapore is capable of meeting the traffic demand, MAS public relations manager Mrs Siew Yong said yesterday. She said the average seat factor on the route was 65 per cent based on a
      Bernama  -  173 words
    • 86 4 AFP ABOUT 300 Japanese engineers working on the Bandar Khomeini petrochemical complex in Iran have been evacuated from the site following Iraqi attacks. Kyodo news service in Tokyo said yesterday that Ren Takemura, president of a Tokyobased investment company, Iran Chemical Development Co, had said that
      AFP  -  86 words
    • 300 4 R/euter TAIWAN will boost the authority and expand the functions of a special government committee on Hongkong. Government sources in Taipei said yesterday that the committee, headed by Foreign Minister Chu Fu-sung, would be expanded to include other senior officials of government ministries
      R/euter  -  300 words
    • 240 4 UPI THE JAPANESE government has decided to respect an international whale quota while it tried to discourage United States retaliation for excessive catches. The decision means that for now Japan will not join the Soviet Union and Brazil and defy an International Whaling Commission
      UPI  -  240 words
  • Page 3 Advertisements
    • 11 3 f¥V\ /W1 Pan Am.Daily 747SPToUSA. It Flies Smoother, Faster And Quieter.
      11 words
    • 147 3 Enjoy a parade of unusual and traditional dishes served in a succession of contrasting tastes and textures. Savour a tantalizing variety of spicy Szechuan sauces and flavours. You'll like the cosy, friendly atmosphere. You'll also be pleased with the style of service. Every dish is served with impeccable grace and
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  • RAW MATERIALS
    • 147 4 Chinese Produce Robusta 20/25% Exchange (Sellers' noon doting pr 5. S*/100 kg) ices on Oct FOB NSW Nutmeg 110 FOB NSW B W FOB NSW 502.50 363 00 256 00 Coconut oil Bulk Foe Otd drum FOB 195.00 208 00 Gombier FOB NSW 305.00 New drum FOB 212.00
      147 words
    • 283 4 Singapore C-l special C-l Ordinary Loonzain 100% unq (S$/kito, ex-godown) unq Thoi white first grade unq 100% 1 st doss 100% second grade 260 (kangaroo) 100% third grade unq new crop 100% 2nd class 1.05 0.75 Parboiled 5% 10% 252 247 100% 3rd closs 0.73 25% new crop No
      283 words
    • 312 4 SINGAPORE The market closed lower yesterday with October One RSS buyers quoted at 183.00 cents per kg, down 1.75 cents from Thursday. The morning market lost by 2.25 cents on selling pressure following market rumours of a devaluation of the Malaysian dollar. The market recovered fractionally in quiet afternoon
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    • 93 4 THE Kult Lam par Tin Market price yesterday remained at the International Tin Agreement floor-level of M 921.15 per kgDealers said sentiment was dampened by a larger offering of 294 tonnes, np from 212 on Thursday. The bnffer stock manager wns again the main hnyer amid continuing shortage
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    • 149 4 MALAYSIAN crude palm oil prices closed firmer yesterday on strong covering and speculative buying interest prompted by higher Chicago soybean futures. October deliveries in the south and central regions firmed Ms3s while north rose $30, all at $1,130 per tonne. The refined market also saw some covering activity,
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    • 168 4 Yarn (In HK$ per bole of 400 M>) Chino carded yarn, cones Blue Phoenix I6's 3.350 Blue Phoenix 2Cs 3,500 Blue Phoenix 32's 3,800 Blue Phoenix 40*s 4,150 Carded yarn, hank 3,550 Blue Phoenix 21'* Combed yarn, cones Blue Phoenix 32's 4,850 Blue Phoenix 40'* 5,000 Open-end yarn 3,050
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    • 355 4 RAS prices (in S cants/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers 51 lien Int 1 RSS prompt 180 50 181 50 180 25 181 25N Int 1 RSS Oct 183 75 184 25 183 00 184 00 Int 1 RSS Nov 184 50 185 00
      355 words
    • 101 4 (cents/kg, 1-ton poHets) Qctobe(current mth) NOON RAS Buyers Sellers November (forword mth) NOON Buyers Sellers SSR20 SSR 50 178 00 176 00 180 00N I78 00N 179 00 177 00 181 00N 179.00N MRELB Buyers Scllcrt Buyers Sellers SMR CV SMRL SMR 5 SMR GP SMR 10
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    • 67 4 SOYBEAN futures on the Chicago Board of Trade closed 4'/« cents to one cent a bushel higher in light trade on Thursday. November stood near the bottom of a seven cent range. A prominent local sold one million bushels of November late, with a local house and Refco also
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    • 75 4 WHEAT futures on the Chicago Board of Trade closed 1 1 2 to 1 cent a bushel lower in light trade on Thursday. December ended near the bottom of a 13/«l 3/ cent range. Corn futures fell to the bottom of their 2'« cent range in late trade to
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    • 865 4 COFFEE Robusta futures yesterday finished a quiet morning session £13 to £21 a tonne above the previous close, with November trading at £2,276, up £14 from Thursday. In the absence of fresh news, the market advanced in routine, featureless mixed two-way activity, following a steadier New York close.
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  • BANKING AND FINANCE
    • 487 5 SINGAPORE: THE US dollar closed higher against most major currencies yesterday in light trading. It firmed on local shortcovering and some European buying. The greenback closed firmer at 3.0270/85 marks compared with New York's 3.0180/ 0210 close, at 246.30/40 yen against 245.75/85 and at 2.5075/90 Swiss francs against 2.4970/90.
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    • 235 5 Interbank rates at 3pm CwrwciM Nominal re) lee Si mithoonian quoted yeeterdey :ro»« perity change Local dollars to one unit of foreign currency: -23 32 US dollar 2.1620 2 1630 2 8196 Sterling pound 2.6960 2 6994 7 3469 -63 30 Australian dollar 1 8031 1 8050 3
      235 words
    • 229 5 SHORT-DATED Asian dollar deposit rates extended earlier losses yesterday in thin afternoon trading on increased lending interest. *MMCATES Km iraift of Hm prim landhf rates $112 na|«r bats «peritinc a Singapore Interbank d«po«it r •tM uss Offer Bid 7 days II 10 7/8 1 month II 1/8
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    • 115 5 Money markets h 1 A THE OVERNIGHT rale fell by 3/8-point to close at 8-1/4 per cent on the Singapore interbank money market yesterday. One, two and threemonth maturities rose by 1/16-point from Thursday's close. S$ interbank rates at 3pm yesterday 0«er Bid j Overnight 8 1/4 8 1-month 8
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    • 49 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from Oct 8 to Oct 12: Offered: $180,000,000. Applied for: $210,000,000. Alictted: $180,000,000. Accepted bids: $99.25 approximately 85 per cent; higher bids in full. Avenge rate *f dlsceont on allotment: 3.010 per cent per annum.
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    • 196 5 HONGKONG The market closed slightly lower yesterday after moving in a range of less than US$l throughout the day. The bullion (Mice finished at $346.60/347.10 an ounce against an opening of $346.80/347.30 and compared with New York's $347.00/50 close. On the local market, gold ended HK$4 above Thursday's close
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    • 350 5 BA Futures Inc EURODOLLAR futures closed higher in Chicago on Thursday night in view of lower federal funds rate and drop in money supply figures. The Fed's failure to drain reserves as some had expected also provided the boost to the market. Softer interbank rates in Asian time zone
      BA Futures Inc  -  350 words
    • 259 5 NYT OFFICIALS of the First National Bank of Chicago has indicated the problem loans responsible for its third-quarter loss could also create problems at other banks in the country. At a meeting of bank-stock analysts in New York on Thursday, the bank officials said
      NYT  -  259 words
    • 51 5 THE AUSTRALIAN business community has welcomed its government's decision to proceed with the entry of foreign banks into Australia. Ken Court, president of the Australian Chamber of Commerce, said the criteria for entry indicated that the government would be flexible in determining the allocation and ownership of banking
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    • 120 5 SINGAPORE will continue to develop as a major centre of influence among world money markets as substantial capital inflows continue in the AsiaPacific region in the next decade. This view was expressed in Hongkong yesterday by Mr Dale Beerman, chief executive of a leading financial service
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  • Page 5 Advertisements
    • 51 5 The Royal Bank of Scotland pic Announces The Relocation of its Singapore Branch on October 6, 1984 to 6 Battery Road #18-01 The Chartered Bank Building Singapore 0104 Manager Mr R.T. Miller Manager Foreign Exchange Mr N. A. M. Robertson Assistant Manager Mr M.L. Booth Telephone: *****33 Telex: RS *****
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    • 1118 5 Indian Overseas Bank (Incorporated In India) Central Office: 762, Anna Salai, Madras 2 Balance Sheet As At 31st December 1983 IIBT DECEMBER MM SSI DECEMBER flg Re. P- Ra. p. SHARE CAPITAL (Wholly owned by Government of India) aa per last Balance Sheet ADD: Capital Contribution by Govt of India
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  • FEATURES
    • 538 6 AT FIRST SIGHT, it would seem that the Monetary Authority of Singapore has once again taken harsh action against a company operating in the financial sector. Recent events would quickly spring to mind. Overseas Union Finance had to cease operations and Far Eastern Bank was
      538 words
    • 1678 6  -  The Reagan-Gromyko talks indicate that nuclear control may be a thing of the past By LAN DAVIDSON FT THE WORLD has long prayed that the superpowers would resume negotiations on nuclear weapons. However, if we hoped that our anxieties would be allayed by the comings and
      FT  -  1,678 words
  • Page 6 Advertisements
    • 126 6 K 1 11 What should the Budget do? T A Address the problem of national Increase government revenue debt Reinforce strategies to reduce deficits Help out public expenditure Big areas with big problems. To help us pin down the specifics, Malaysian Business invited an academic, a banker, a consumer advocate
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  • Page 6 Miscellaneous
    • 961 6 wemmm j HIGHLIGHTS Soturdoy Night Movie Sunrise At (.ompobello 10.10 pm, Channel 5 A biographical drama of Franklin Delano Roosevelt's life from the time he was stricken with polio in 1921 to the Democratic National Convention in 1924. This film is based on Dore Schary's Broadway hit. Centrestoge Snow White
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  • TIME-OFF
    • Article, Illustration
      289 7 CONCERTS Singapore Symphony Orchestra features pianist Gillian Lin tonight. Miss Lin is the local girl who made good. While on a scholarship at the Royal College of Music in London, she won (at the age of 15) the Marie-Ellen Curtis prize for Mozart. She then went on to
      289 words
    • 1117 7  -  By EDWIN MSDOWELL NYT IN AN ATTEMPT to dramatise the difficulties faced by unknown writers, the acclaimed novelist Doris Lessing recently wrote two novels under a pseudonym. After a rejection by her longtime British publisher, the books were published in Britain and in the United States
      NYT  -  1,117 words
    • 268 7  -  By Monica Gwee PHILLIP KING'S See How They Run will star next to guinea (owl and mushroom terrine a fortnight from now to mark the close of the 1984 dinner-theatre season at the Hilton Playhouse. British Airways and the incorrigible
      268 words
    • 277 7 The pride of Lockheed's skunks PEOPLE who are called skunks are usually considered obnoxious except, of course, when one thinks of that adorable, amorous Parisian, Pepe Le Pew. But being a skunk is a matter of pride in the Lockheed-California Company, which proudly used the animal
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  • SPORTS
    • 703 7  -  By BRIAN MILLER A COUPLE of months ago, Penangbased trainer Teh Choon Beng looked to have had the 1984 Trainers' title safely in the bag. After all, when the August Pesta Sukan meeting got underway, he was riding high in the
      703 words
    • 369 7 CHU LIAN HO will be an unhappy golfer today. The revenge he seeks cannot be fulfilled on the Keppel course. The ten handicapper from Keppel Club had last month lost the "A" medal monthly competition on a countback to
      369 words
    • 546 7  -  By WALTON MORAIS THE TOYOTA Singapore Open grasscourt tennis championship has the potential to develop into a Grand Prix leg on the world professional tennis circuit. It has all along been attracting top players in the region. And yet they never learn. Last year's Toyota
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  • Page 7 Miscellaneous
    • 787 7 CRYPTIC PUZZLE ACROSS 8 Foolishly the best man goes in and reveals the facts (7) 9 Small, but big where glasses ore concerned (45) 13 What happens when there's an east wind in France (5) 14 Letter that's an irritation (5) 15 Before giving thanks to the man at the
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  • INTERNATIONAL STOCKS
    • 292 8 Reuter BRITISH new car sales in September were up 26 per cent on last year to a record for the month at 149,216, while imports took 59 per cent of the market against 61 per cent, figures from the Society of Motor
      Reuter  -  292 words
    • 147 8 Reuter WALT Disdney Productions Inc says the Bass brothers assured it they will not buy more Disney stock and have no interest in taking part in the everyday operations of the company.. Disney confirmed Bass brothers acquired a further 2,991,800 shares of
      Reuter  -  147 words
    • 47 8 Reuter SWEDISH Match AB says it has reached agreement in principle to acquire Gillette Co's disposable lighter business and operations. Talks are continuing on the transfer of the business. The two companies say they expect a final agreement to be reached in a few months. Reuter
      Reuter  -  47 words
    • 307 8 UPI BOLSTERED by a drop in some key short-term interest rates, stocks scored a small gain on Thursday that helped Wall Street snap a four-day losing streak. The slow pace of trading indicated investors were still uncertain about the outlook for the US
      UPI  -  307 words
    • 130 8 OCT Hi CS Ol 11* 4* WH H n» Ptp« 11* MH ht Ut« I* M* H hit Mckal Bank Novo Scotia M yd m Karr Add •>*8 v» LoWow B 7* ?8 l* »1* >6* 0^. NS* 6* Moor* Cp V?* 11 CafagOTMfi Qnbl Rd Lk 5* 4oranda
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    • 267 8 OCT 04 Road Tim* Bk 220 -5 Oi Stool 100 inch ■awnuu UniMc 455 +5 A Wocfcwrth 1300 20 Abarcom «30 inch MB»«S At And a 745 An#o* 2400 unch Amaprop 330« +2973 Antfmol 5900 HSC T. ***** pyyoort 1650 unch Bario*» 1075 -25 Mfob «100 -100 C G
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    • 630 8 OCT 04 USS ACF MJMN AJcon Alum* Aicoo Lud MM Own Cp AM Storm AfcOvtnn Am tondi he Am Iroadual Am Con Co 26* 32* 24* 35* 51* 9* 61* 66* 48* I uneh Am Cyonontfd Am Ebc Pw Am Upim Am Horn* Prod Am Melon Cp Am
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    • 837 8 Amsterdam OCT 04 Hi AM MnH ***** +2 123.00 -0 5 190 00 -0 5 Afcio 9360 -04 AA*V 171.00 -I 6200 -1 £?T* »urw 43 90 0.4 97 20 -0 3 271.00 +1 z* so 7.5 Cotond CaN CM M, fbavtar F*i 3210 -0.2 375.00 «h •5.70
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  • Page 8 Advertisements
    • 435 8 3 m Wkre to tfidc, diae aai eatorfaia •r 5 17% n >*' Spectacular Double Bill Cedric Debbie Kathy Los Amors excitement hits ROBIN S TAVERN Two popular groups entertain from 5.15 p.m. onwards. A single group performs on Sundays and Mondays. /TTTiTTN. .25% discount on all drinks. Offers are
      435 words
    • 140 8 {)'+\''}_:}<<\/>_):()]*](>`;)+[ p> *2 Lounge Sip a glass of the world s finest wine, while you relax In the cosy ambience of The Lounge. Make your nights memorable with Keyboard wizard, Danny Koh and our resident band, ThePintos Trio. CROwti ®FWNCE HOTEL 2700rchard Road. Singapore 0923 Tele*: RS22BI9NCROWri. Cable: CROWNMOTCL. Tel:
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  • ASIAN STOCKS
    • 353 9 HONGKONG: Concern about Jardine Matheson and its associates depressed the stock market and prices closed moderately lower and near the day's lows yesterday. Jardine closed off 40 cents at HK$7.lO, after active selling including big orders from London based fund managers. The Hang Seng Index ended 15.30 points lower
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    • 197 9 OCT 05 NT 7 25 +0 1 Cham Indus ban Hwo Mm 19 80 13 95 31.40 -02 ■005 Aaio Camant Cathay Cora 26 00 27 20 59 00 unch -0.3 ■•■05 Pocihc Cora Poohc Etoct Wn 27.30 1970 +0.1 +0.1 7? 7n 182 unch 21 00 0 1
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    • 322 9 SYDNEY: Stocks closed buoyant yesterday following positive sig- nals from abroad and on takeover activity. The All Ordinaries Index was 5.1 up at 749.5. National turnover was 66.91 million shares. Interest focused on transport issues with Mayne Nickless advancing 55 cents to $3.50 after 18.72 million shares were exchanged.
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    • 71 9 Oct 5 Won 655 -1 Hyundai Corp Hyundoi Motor K AL 1000 631 509 720 10 I 14 unch 622 1 Korea CM 1296 10 670 437 2 568 -3 Lucky Ltd 794 4 499 -1 745 5 642 7 850 unch Dona Ah Gold Star Hand Bk 714
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    • 346 9 TOKYO: Share prices closed sharply higher yesterday on active buying of blue chips and populars by both overseas and domestic investors cheered by Wall Street's first rise in five sessions. The market average rose 95.51 to close at 10,737.58, topping the 10,700 level for the first time in five
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    • 175 9 BANGKOK: Stock prices closed higher in active trading yesterday. The Book Club Index rose 0.80 point to 119.86 on turnover of 725,264 shares from Thursday's 529,396. Singer Thailand led the active list for the second consecutive day with 387,200 shares valued at 11.95 million baht changing hands. The stock
      175 words
    • 93 9 MANILA: Share prices closed largely unchanged in dull trading yesterday. The mining marker fell 16.78 to 857.09 but the Commercial and Industrial Index was unchanged at 104.21 and the oils marker also remained unchanged at 0.616. OCT OS sscsr* NM Owtol B Phi Ovanaot Nc 0012 ***** Oil 111
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    • 60 9 Reuter HOPEWELL Holdings reported consolidated net profits after tax but before extraordinary items of HKJ3S.B million ($35.18 million) in the year ended June 30. Extraordinary profits came to $11.6 million (profits of $65.5 million). Earnings per share was six cents (5.9 cents). It declared a final dividend
      Reuter  -  60 words
    • 255 9 Reuter AUSTRALIAN Paper Manufacturers (APM) says it will make a cash or share exchange offer for control of diversified transport group Mayne Nickless. APM will offer A 53.20 a share cash exclusive of the recently declared one-for-10 Mayne Nickless bonus issue, equal
      Reuter  -  255 words
    • 168 9 AP A MAJOR Japanese computer maker, NEC Corp, is considering a plan to produce personal computers at the plant site of its wholly-owned US subsidiary in Massachusetts, a company spokesman said yesterday. Under the plan, NEC Information Systems, which began production of small
      AP  -  168 words
    • 238 9 Reuter FURUKAWA Co of Tokyo and Nankai Electric Railway Co of Osaka have both launched note issues with warrants in the Swiss franc market for private placements. Market sources say borrowers, who used to place straight notes on the Swiss market, are
      Reuter  -  238 words
    • 138 9 AFP A LEADING Japanese electronic calculator maker, Casio Computer Co, has unveiled a prototype ultra-thin television set with a 15.2-cm liquid crystal coloured screen that can be hung on a wall like a picture or a clock. A company spokesman says the new product uses
      AFP  -  138 words
  • Page 9 Advertisements
    • 404 9 u& 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. Jk Century Park Sheraton Singapore Nassim
      404 words
    • 94 9 m r—L. Ml NOW OPEN FOR BUSINESS 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. Lunch time: 11:00 am 3:oopm Dinner time: 6:oopm 11:00pm I 1* I U77 19 Cairnhill Circle Singapore
      94 words

  • SHARE INFORMATION
    • 4211 10 RUMOURS of a devaluation in the Malaysian ringgit triggered off panic selling in the Singapore stock market yesterday. At the close, the BT Composite Index dropped a heavy 10.9 points to 778.46, from the previous day's closing. The Straits Times Industrial Index
      4,211 words
    • 254 10 SINGAPORE Rises Indices 206 +3 Oct 4 Oct 5 284 +2 •TCo* P o«t. 799 36 779 46 i 0 234 2 ITMcm. *****39 235S330 L*" 225 +2 rr OS/OS -119 -226 C 50c 222 2 STMwtnoh 884 54 870.61 Altad Choc 251 ♦1 ST F mi
      254 words
    • 431 10 THE Kuala Lumpur stock market closed on an easier note for the fifth consecutive day yesterday on some light selling pressure. Interest was selective with a handful of situational issues again dominating trading. Turnover rose to 5.16 million units valued at M 512.56
      431 words
    • 3945 10 BID and otter 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".
      3,945 words
  • Page 10 Advertisements

  • COMPANY NEWS
    • 316 11 ■■■■■MM Wmmmtim HOCK LOCK SIEW EVER since General Corp's share price fell out of the five-month-long sideways pattern, AB:CD at $2.80, the shares have been in a general state of decline. The breakdown from the rectangular pattern signalled that the previous advance had run out of
      HOCK LOCK SIEW  -  316 words
    • 330 11 RALEIGH Cycles (Malaysia) Bhd has forecast group pre-tax profits of not less than M 511.65 million for the year ending Jan 31,1985. This is much lower than its group pre-tax profits of $29.94 million for the year ended Jan 31,1984 derived mainly
      330 words
    • 202 11 Managers' prices Second B'putro 499 5.04 for Oct 6 8 Third B'putro Fourth B'putro 4.15 4.57 4 20 462 Singapore Unit Trust Fifth B'putro Sixth B putro 3 11 3 01 3.16 306 The Commerce 2.73 2.90 Seventh B'putro (A) 2.11 2 16 The Savings Fund 1.79 1
      202 words
    • 596 11  -  By NAJEEB JARHOM ASIA Commercial Bank Ltd is carrying out a comprehensive restructuring of its 81.5 per cent-owned finance subsidiary in Malaysia, involving two listed companies. The bank, through Trillionvest Sdn Bhd, which holds the stake in Asia Commercial Finance (M) Bhd, may
      596 words
    • 456 11 ENDIRI Sdn Bhd, a Malaysian bumiputra-owned company, has raised its bid price for the 85 per cent of Malaysian Containers (1974) Bhd it does not already own. According to a supplemental agreement reached between MCB's principal shareholders, ACI Investments Pty Ltd and
      456 words
    • LATEST
      • 47 11 reported lower sales of M 555.03 million for the first seven months of this year against M 555.71 million previously. The difficult trading conditions continued to be faced by the company although the declining trend in turnover has somewhat slowed down.
        47 words
      • 27 11 has incorporated 11 subsidiaries, each with an authorised capital of M 525,000. The paid-up capitals of the wholly-owned subsidiaries are not yet available.
        27 words
    • 99 11 HONGKONG Hong Seng Index Fhday 974.17 Thursday 989 47 Week ago 1002.50 Australian Industrials Fnday 1065 0 Thursday 1059.0 Week ogo 1053.0 NEW YORK TOKYO Tokyo Dow Jones Fnday ***** 58 Thursday *****.07 Week ago *****.25 TSE Index Fhday 838 81 Thursday 830.17 Week ago 824.66 SYDNEY Dow
      99 words
    • 244 11 THE Stock Exchange of Singapore has, for the second time, asked Times PshHshiag Bhd to furnish the "requisite" information on its acquisition of Hongkong-based Educational Associates Ltd in accordance with Clause 510 immediately. Times Plib had earlier replied in a first query that as the acquisition represents less
      244 words
    • 2421 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Ajmomoto (3.785) Alcorn (1 58S) (14) 1.59(20) I 58
      2,421 words
    • 1038 11 EQUITIES closed steady in quiet trade yesterday, with several issues quoted below their highs. Dealers said prices rose initially on the firmer trend in world markets but trade slackened considerably in afternoon business. At 3.30pm, the FTSE 100 index was up 8.3 points at 1135.8. Banks fell by
      1,038 words
  • Page 11 Advertisements
    • 69 11 Korea Exchange Bank U.S. $30,000,000 Floating Rate Notes Due 1988 In accordance with the provisions of the Notes, notice is hereby given that the rate of interest for the period sth October, 1984 to 9th April, 1985 has been fixed at 12 per cent per annum and that the coupon
      69 words

  • 389 12  -  By JOHN LIM IT WAS AN historic meeting. On one side were the more than 50 retailers and distributors of music tapes, many of whom also sell pirated copies, and on the other was an organisation dedicated to fighting piracy. In fact, the
    389 words
  • 267 12 UPI THE SPACE shuttle Challenger streaked towards space yesterday carrying a record five men and two women to study earth and set the stage for a future gas station in orbit. In the ship's cargo bay are a US$4O million satellite equipped to
    UPI  -  267 words
  • 743 12  -  By FOO CHOY PENG A LAST-MINUTE attempt by Mr JB Jeyaretnam to change the amended statement of claim in his slander suit against Mr Goh Chok Tong was turned down by the High Court yesterday. Mr Jeyaretnam wanted to apply to
    743 words
  • 152 12 AFP JAPANESE armoured forces proved to be no match against an intruding mechanised division in a five-day military exercise which ended yesterday. The exercise was planned to test the capability of the Ground Self Defence Forces (GSDF) to deal with possible invasion by tanks and armoured
    AFP; AP photo  -  152 words
  • 334 12 NEW ZEALAND Prime Minister David Lange said yesterday that New Zealand battalions stationed in Singapore will not be removed in the near future. The newly-elected Prime Minister said this was the wrong time to give some signals of vacating the area. "My
    334 words
  • 91 12 VISITORS to public parks in Singapore can look forward to mure sculptures and colourful shrubs. The Parks and Recreation Department is now implementing various proposals "to create a sense of identity" for parks. Mr Teh Cheang Wan, the Minister for National Development, said vegetation
    91 words
  • 543 12 UPI Reuter PHILIPPINE President Marcos threatened yesterday to arrest protestors and their leaders if they hold a mass rally. He accused Cardinal Jaime Sin of fanning the "flames of rebellion" in calling for demonstrations. Mr Marcos went on national television in a bid
    UPI; Reuter  -  543 words
  • 402 12  -  By CHUANG PECK MING UNION LEADERS were yesterday reminded to put workers' interests above all else. This guiding principle was emphasised by NTUC secretary general Ong Teng Cheong at the Singapore News and Publications Employees' Union Inaugural Delegates Conference held in
    402 words
  • 154 12 THE company providing production and distribution services for the newspaper holding company now being formed will come into operation early next year. The task force set up to oversee the formation of the new company, the Singapore Newspaper Services Ltd, is expected to
    154 words
  • 73 12 STOCK prices on Wall Street edged higher in early trading yesterday as a large drop in the US money supply helped the market sustain a minor rally that began on Thursday. The Dow Jones Industrial Average, which rose 4 1 i points on Thursday for its first
    73 words
  • LATE FILE
    • 58 12 Reuter ISRAELI Minister of Industry and Trade Ariel Sharon has said since its creation, the State of Israel has received US$3O billion US grants and loans. In exchange, it has provided "security services" worth US$lOO billion to the US. The US, therefore, owes Israel US$7O billion,
      Reuter  -  58 words
    • 48 12 Reuter PARAMILITARY troops yesterday enforced an indefinite curfew imposed on Srinagar, capital of India's Jammu and Kashmir state, after police opened fire on rioters who pelted stones at a Muslim procession and set fire to a building in Srinagar, a popular tourist resort. Reuter
      Reuter  -  48 words
    • 42 12 UPI THE first sea shipment of highly radioactive, weapongrade plutonium, was loaded in Cherbourg, France, amid heavy security to be sent to Japan's Joyo nuclear power station under armed escort. The material is capable of producing atomic bombs. UPI
      UPI  -  42 words
    • 52 12 UPI CHINA yesterday reiterated that Moscow remove three major obstacles before ties can be improved a reduction of Soviet troop strength along the Chinese border and in Mongolia, the withdrawal of Soviet forces from Afghanistan and an end to Moscow's support for the Vietnamese occupation of
      UPI  -  52 words
    • 53 12 AFP MALAYSIA plans to hold talks with the Saudi Arabian government on difficulties faced by Malaysian pilgrims visiting Mecca, Deputy Prime Minister Musa Hitam said yesterday. Malaysian pilgrims have complained of numerous difficulties arising out of the "muassasah" system of handling pilgrims introduced by the Saudi government
      AFP  -  53 words
    • 75 12 Bernama UMNO will announce the date and venue (or its debate with Pas at a suitable time soon, Acting Prime Minister Datuk Musa Hitam said yesterday. He said he did not want the announcement to be made through the press as Umno would make the announcement
      Bernama  -  75 words
  • Page 12 Advertisements
    • 137 12 Enjoy V > s> ;\oi 0 l The Businessman's Holiday Package life can be just that little bit more enjoyable when you book into Penang s finest business resort. Whether you're here for business or pleasure, alone or with yourfamily. Far the standard room rate, single or double, Orchard Sun
      137 words
  • Page 12 Miscellaneous
    • 47 12 Outlook for today: Fair. Report for 24 hours poor to 7.30pm on Oct 6 ot th« airport: Maximum temperature 30.8 Associated humidity 69 Minimum temperature 22.0 Associated humidity 9 3 Hours of sunshine 5.80 Rainfall in millimetres 32.8 Rainfoll this month 3.7 Rainy days this month 1
      47 words