The Business Times, 13 October 1984
1984-10-13
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The Business Times
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Title Section11 1984-10-13 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, OCTOBER 13,1984 60 CENTS11 words
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Article, Illustration449 1984-10-13 1 SOH TIANG KENG - Three give up comfortable jobs to join the hustle and bustle of trading in Simex By SOH TIANG KENG Banking Correspondent THREE top-flight bankers and foreign exchange experts have given up their quiet offices to join the shouting and jostling in the trading pits449 words
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226 1984-10-13 1 THE HOUSING and Development Board has denied that it is planning to build six-room flats. The HDB said reports of sixroom flats actually referred to its plans to build five-room improved and executive flats with a partition wall between the226 words
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586 1984-10-13 1 LEE HAN SHIH - By LEE HAN SHIH IN A record-breaking year, the Housing and Development Board sold 49,000 flats, helped modernise the construction industry and became more innovative in designs. But its ambitious building programme had its share of costs and concessions. A major concession was586 words
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72 1984-10-13 1 Reuter US COMMERCE Secretary Malcolm Baldrige said he expected a strong upward trend in consumer spending by the end of the year. Commenting on the 1.6 per cent rise in retail sales for September, Mr Baldrige said that while consumer spending slowed in theReuter - 72 words
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Article, Illustration63 1984-10-13 1 SHAKE prices u the Biagapore stock market drifted down wards in lew velame yesterday to aaether lew 18meatli lew. Bea ft Co agala provided the excitement to an otherwise quiet market. The BT Composite Index lost IJC points to close at 7C4.M while the ST Index shed 2JB63 words
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418 1984-10-13 1 LIM SOON NEO - By LIM SOON NEO IN LESS THAN a year, the Mass Rapid Transit Corporation has developed the resources to take over the main function of its financial adviser. The MRTC's contract with Morgan Guaranty Trust of New York, its financial adviser,418 words
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385 1984-10-13 1 HONGKONG'S Attorney-Gener-al said yesterday that a magistrate's order to bar the press from the Carrian trial was "quite extraordinary" and that "it is not doing the reputation of Hongkong justice much good to have reports of this going on in the overseas press".385 words
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154 1984-10-13 1 A NEW high resolution satellite communication link connecting Singapore to Britain and the US will be commissioned on Monday. This link is made possible by Donnelley Times Satellite Services, a new partnership between RR Donnelley of Chicago (the world's largest commercial printer)154 words
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Page 1 Advertisements
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Advertisement76 1984-10-13 1 [ASIA 184 \/TECHNICAL CONFERENCE 'AND WORKSHOP SESSIONS Eminent technologists from 10 countries presenting the latest in electrical electronic engineering For more information, call:I INTERFAMA PTE LTD Tel: *****12 1 S$ FIXED DEPOSITS We offer you one of the highest interest rates 1.3,6.9 and 12 months (4% Ap.a. SAVINGS ACCOUNT Daily76 words
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Advertisement286 1984-10-13 1 Creating identity Pag* 2 Profitable subaidiariaa Back Pag* mm A SENSE of belonging and the desire to maintain and fight for your territory is being slowly instilled into the two million HDB flat dwellers. LEE HAN SHIH has the details. Page 2 THE WEST has lost its "technological edge" over286 words
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Advertisement154 1984-10-13 1 Full report, Pag* 10 International stocks, Paga 8 Asian stocks, Paga 9 TRAVELLING IN ASIA? When business or pleasure takes you travelling, your CLARK HATCH membership entitles you to full use of any of the 10 CLARK HATCH PHYSICAL FITNESS CENTERS located throughout Asia. The staff of CLARK HATCH PHYSICAL154 words
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Advertisement6 1984-10-13 1 n Interfama organised show Tel *****126 words
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HOME NEWS
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612 1984-10-13 2 LEE HAN SHIH - By LEE HAN SHIH A SENSE of belonging and the desire to maintain and fight for one's territory is being slowly instilled in the two million flat dwellers in Housing and Development Board estates. The effort to instil (or reinstil this territorial612 words
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Article, Illustration280 1984-10-13 2 CHUANG PECK MING - By CHUANG PECK MING THE ONE-STOP shopping concept has now been applied to the area where it is needed most thanks to Rehab Mart, which claims to be the only onestop shopping place for the disabled in Singapore. It is a retail outlet for280 words
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Article, Illustration282 1984-10-13 2 THE TRADE Development Board's conference room, normally used by serious, hardnosed businessmen, turned into an improvised catwalk yesterday as svelt figures donned more than a dozen of 990 locally-designed dresses for the Japanese market. Valued at about $150,000, the clothes are for282 words
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105 1984-10-13 2 HEWLETT PACKARD plans to be a source of technology transfer for the Singapore government and educational institutions. This would be possible with the expertise and technology of its Software Development Centre, said general manager of Hewlett Packard Singapore (Sales) Ptd Ltd, Mr105 words
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70 1984-10-13 2 A SINGAPORE Air Force F-5e fighter crashed into the South China Sea while on a routine flight yesterday. The Ministry of Defence said the pilot, Lieutenant Tan Cher Khin, 23, ejected safely from the aircraft, and was picked up by a RSAF rescue70 words
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164 1984-10-13 2 THE PUBLIC Works Department (PWD) has called for tenders for the realignment of Commonwealth Avenue along a proposed Mass Rapid Transit route. A tender notice yesterday called for PWD and Construction Industry Development Board registered contractors to submit their tenders by Oct164 words
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Article300 1984-10-13 2 Seminars and courses DURATION TITLE VENUE ORGANISER Oct 15 Employee Benefits Waterloo Centre Personnel Welfare Organization Development Oct 15-18 CAD/CAM: Drafting CECTU Economic Detailing Applications Development Board Oct 15-18 Applications ISS Building Institute For Development Systems Science, Management For NUS Users Oct 15-20 Vertical JECTU Economic Machining Development Centre300 words
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Page 2 Advertisements
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Advertisement41 1984-10-13 2 LEASE OR SALES/. Cornwall Gardens (Prestige Residential Area, District 1026) Twin 2-storey detached bungalow. Each bungalow built on the land of about 42,000 sq ft. Separate Title Big garden landscaped. Individual or both available. (PRINCIPAL ONLY) Contact Molly at Tel: *****1841 words
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Advertisement90 1984-10-13 2 Chambers still the best )nce ctiiain C"hamhers leads the field in the didi( >nar\ race 1 O r I his time the fav<)iirite is Chambers Pocket 20th Century Dictionary s Chamber 1 '\i s Dictionary Chamber s •I > Easy to use easy to read. The ideal handy reference book90 words
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OVERSEAS
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403 1984-10-13 3 SELWYN PARKER - By SELWYN PARKER NEW ZEALAND'S programme to insulate itself from world energy shocks is starting to pay off. State-owned Petrocorp, the energy conglomerate, has just had its best year, returning a profit of NZ535.6 million, up $29 million on last year. Petrocorp chairman Frank Orr403 words
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Article, Illustration444 1984-10-13 3 UPI JAPAN WILL elevate its foreign policy to the level of its economic power, replacing-pas-sive diplomacy with a more active voice in international affairs, officials said. •The new "creative diplomacy'' substitutes a low-profile, reactive foreign policy with bolstered aid and strong attempts to promote peace inUPI; UPI Photo - 444 words
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Article743 1984-10-13 3 DEPARTURES Operator Service Local For number time MAS MH612 0015 KUL FT FT76 0255 HKG/NRT/ ANC/ORD/JFK CAL CI334 0600 KUL/HKG/TPE RJ RJ183 0700 AMM PAA PA6 0715 HKG/SFO/JFK RA RA408 0730 BKK/KTM SIA SQI02 0730 KUL SIA SQ62 0815 BKK SJA SO 104 0830 KUL THAI TG402743 words
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169 1984-10-13 3 AFP TAIWAN'S foreign trade in the first three quarters of 1984 totalled U5539.3 billion, showing an increase of 20.5 per cent over the same period last year. The customs administration said yesterday that the figure indicates that the nation's foreign trade is booming. Of theAFP - 169 words
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181 1984-10-13 3 AP NEW Zealand's inflation rate jumped by 3 percentage points to an annual rate of 12 per cent after the New Zealand dollar was devalued by 20 per cent in July, the Government Statistics Office announced on Thursday. It said the quarterly riseAP - 181 words
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484 1984-10-13 3 AFP THE WEST has gradually lost its "technological edge" over the Warsaw Pact in terms of military strength, while the numerical balance "continues to move gradually in favour of the East," according to a study published yesterday. The International Institute for Strategic Studies (IISS)AFP - 484 words
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353 1984-10-13 3 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad has told American businessmen to face the reality that they need to shift manufacturing activities abroad whether for the domestic or foreign market. Dr Mahathir said high interest rates and the veryBernama - 353 words
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482 1984-10-13 3 AP THE United Nations wound up its general debate on Thursday much as it began nearly three weeks ago with a chorus of nations pleading for an easing of East-West tensions, stepped up pressure on South Africa and restructuring of the world economicAP - 482 words
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150 1984-10-13 3 Reuter AUSTRALIA'S armed forces are ill-equipped and cannot meet a low-level threat. A Parliamentary Defence and Foreign Affairs Committee tabled a report in Parliament yesterday which said that the country's whole defensive strategy needed funadamental reconsideration. It said that although Australia should remain inReuter - 150 words
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Article147 1984-10-13 3 FT THE BRITISH Gas Corporation (BGC) is considering future imports of gas from the Soviet Union. At a two-day conference which ended on Wednesday, Mr Malcolm Wesley, manager of gas-supply planning at British Gas, said: "We are seriously considering the logistics of importing gasFT - 147 words
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237 1984-10-13 3 AFP VIETNAM'S Foreign Minister Nguyen Co Thach said in New York that negotiations between Asean and Indochinese countries on the future of Cambodia might take place in a matter of months. Speaking to newsmen on Thursday night, Mr Thach, who is attending the UnitedAFP - 237 words
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167 1984-10-13 3 AFP THAILAND'S consumer price index increased by 0.05 per cent to 189.7 per cent in September from August, but was down 0.73 per cent from a year earlier. Thailand's Department of Business Economics said on Thursday that wholesale prices in September decreased 0.71 per centAFP - 167 words
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687 1984-10-13 4 BRITISH SECRETARY of State for Trade and Industry Norman Tebbit was injured in the huge bomb blast at the hotel in Brighton where Prime Minister Margaret Thatcher was staying for the ruling Conservative Party annual conference. Mrs Thatcher had a narrow escape687 words
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Article, Illustration187 1984-10-13 4 UPI FRANCE should forget modernisation and stick to what it is good at fashion, food and wine, Harvard University economist Mr John Kenneth Galbraith said. "(President) Francois Mitterrand is on the wrong track," Mr Galbraith told the Paris financial newspaper Les Echos. "Instead of spending a fortuneUPI - 187 words
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190 1984-10-13 4 AFP THE Presidential Commission on Organised Crime will hold hearings this month in New York on the activities of Asian criminal groups in the United States. A commission spokesman said the commission had served 64 subpeonas, mostly to alleged criminals belongingAFP - 190 words
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Article150 1984-10-13 4 Reuter AMERICAN budget deficits must be cut by US$5O billion to $60 billion in the next 12 months if the country is to avoid the possibility of a recession, Salomon Brothers chief economist Henry Kaufman said. There is room for further economic expansion next yearReuter - 150 words
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Article, Illustration343 1984-10-13 4 UPI US Vice-President George Bush and Democratic challenger Geraldine Ferraro broke into sharp, direct exchanges on Thursday as they debated contrasting views on arms control, the economy, religion and terrorism. Mr Bush, seeking to make up some of the ground lost inUPI; UPI photo - 343 words
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187 1984-10-13 4 AP AS BOTH the Democrats and Republicans claim victory in Thursday night's vice-presiden-tial debate, opposition party Democrats said Geraldine Ferraro was not subdued but "calm and presidential", and the head Republican said he had never seen US Vice-Presi-dent George Bush any better. "We sawAP - 187 words
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Article90 1984-10-13 4 THE US dollar will remain strong over the next two weeks before dipping over the subsequent three months, according to the financial directors of 50 multinational companies. Their forecasts were contained in a survey, the results of which were announced in New York yesterday by90 words
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Page 3 Advertisements
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Advertisement13 1984-10-13 3 I wi Pan Am. Daily 747SPTo USA. It Flies Smoother, Faster And Quieter.13 words
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Advertisement60 1984-10-13 3 :oi m Golden Pftoettix CHAD ZHOU GARDEN RESTAURANT 6th Storey, UIC Building, Shenton Way, Tel: *****55 (6 Lines) r. jj f > (■oltU'ii IMiocni.v Sichuan >kl m Hotel Equatorial UUlSine 429 g kit Timah Road Tel *****31 (■oltk'ii IMiocni.Y Sichiuin Iti'KlHiiniiil < < 4th Storey World Trade C»" ~r 160 words
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RAW MATERIALS
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Article147 1984-10-13 4 Chines* Produce Robusta 20/25% Exchange FOB NSW 502 50 (Sailers' noon closing prices on Oct Nutmeg 12. S$/100 kg) 110 FOB NSW 363.00 Coconut oil Bulk FOB B W FOB NSW 256 00 195.00 Gombier Old thim FOB 208.00 FOB NSW 305.00 New drum FOB 212.00 Copra Mixed147 words
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Article282 1984-10-13 4 Singapore A-l special C-l special C-l Ordinary 227 unq unq (S$/Mo, ex-godown) Thoi white Loonzain 100% 100% 1st class (kongaroo) new crop 1.03 first grade 100% second grade 100% third grade unq 260 unq 100% 2nd class 0.73 Parboiled 100% 3rd class 0.71 5% 10% 252 247 25% new282 words
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Article116 1984-10-13 4 A CONTINUING shortage ef demand aaw the Knala Lam par Tin Market price remaining at the Interna tie»» I Tin Agreement fleer-price ef M 529.15 per kg. lie boiler stock manager again shssrbed the balk of concentrates offered with little activity noted from the local operators. Tnrnever tell116 words
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Article157 1984-10-13 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 3,350 Blue Phoenix 20'» 3,500 Blue Phoenix 32's 3,800 Blue Phoenix 40's 4,150 Carded yarn, hank Blue Phoenix 2l's 3,550 Combed yarn, cones Blue Phoenix 32's 4,850 Blue Phoenix 40's 5,000 Open-end yarn Blue157 words
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Article304 1984-10-13 4 SINGAPORE The market closed higher yesterday with November One RSS buyers quoted at 178.00 cents per kg, up two cents from Thursday. Prices in the morning gained some 2.50 cents on speculative and trade buying. MALAYSIA The market closed higher yesterday at 206.50 cents per kg for November One304 words
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Article343 1984-10-13 4 RAS prices (in S cents/kiio, FOB in boles) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS prompt 176 50 177 50 ***** 177 50N Int 1 RSS Nov 178 00 178 50 178 00 178 50 Int 1 RSS Dec ***** 179 00 179 50 180343 words
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Article155 1984-10-13 4 MALAYSIAN crude palm oil prices closed higher yesterday on covering and speculative buying in anticipation of firmer Chicago soyfutures after bullish USDA soybean production figures. October deliveries in the north region firmed M 512.50 to 11,127.50 a tonne while south and central rose $10 to $1,125. The refined155 words
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Article136 1984-10-13 4 WHEAT futures on the Chicago Board of Trade closed 3% to one US-cent per bushel lower in extremely light activity on Thursday. Heinold and Agra sold March at the close. Continental Grain and Pillsbury sold December and Geldermann-Peavey bought on the day. Corn futures closed IVi cents per bushel136 words
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Article136 1984-10-13 4 SOYBEAN futures on the Chicago Board of Trade closed seven to 2Vi UScents per bushel higher in a burst of late activity on Thursday. Prices climbed in the final minutes as traders bought on apparent anticipation of a friendly USDA soybean crop production estimate after the market close. Pit136 words
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Article744 1984-10-13 4 COFFEE Robusta futures yesterday ended a (airly subdued morning session £27 higher to £11 lower with November finishing £27 up at £2,420 and January up £1 at £2,286. Opening levels about matched expected New York-based losses of around £5 and nearby months weakened further in a continuation of744 words
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Article109 1984-10-13 4 (cents/kg, 1-ton pallets) November December (current mth) (forward mth) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 173 00 I75.00N 174 00 I76 00N SSR 50 171 00 I73 00N 172 00 174 00N MRELB Buyers Sellers Buyers Sffltri SMR CV 207 50 209 50N 209109 words
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BANKING AND FINANCE
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Article, Illustration445 1984-10-13 5 PENG AILIAN - By PENG AILIAN THE WORLD Bank, according to treasurer Eugene Rotberg, has never had a default on any loan and it has always made profits. With aggregate loans of US$lO3 billion since it started operations in 1946, this record must have been the envy445 words
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100 1984-10-13 5 Bernama A NINE-MEMBER delegation from the Association of Finance Companies of Malaysia (AFCM) will leave for a 10-day study tour to Japan and Korea on Monday. The tour is coordinated by the Fuji Bank, Bank Bumlputra Malaysia Bhd's Tokyo branch and its SeoulBernama - 100 words
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290 1984-10-13 5 Reuter US BANK supervisors have intensified their review of potential troublespots to avert fresh financial crises and allay concern about the stability of the American banking system, according to government sources. Genuine fears over bad domestic loans, made during the last recession,Reuter - 290 words
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142 1984-10-13 5 AFP THE GOLD price is set to jump some 25 per cent to US$45O an ounce next year as fears of inflation increase, even though gold output is likely to be the highest for 15 years, according to Amalgamated Metal Trading (AMT),AFP - 142 words
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355 1984-10-13 5 NYT SIX MAJOR bank-holding companies surprised investors on Thursday, reporting far better earnings than had been expected following the announcement last week by First Chicago Corp that it would report a loss. Increases in aggregate net income were reported by Manufacturers Hanover Corp, J PNYT - 355 words
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MONEY AND EXCHANGES
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Article749 1984-10-13 5 SINGAPORE: The US dollar closed lower yesterday against most major units in light trading mainly due to profit-taking. Its undertone remained strong reflecting confidence in the US economy and market forecasts of a rise in US September retail sales and producer prices. The greenback closed weaker at 3.1090/1100749 words
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Article70 1984-10-13 5 THE OVERNIGHT rate fell by 5/8-point to close at 71/2 per cent on the Singapore interbank money market yesterday. One, two and threemonth maturities fell by 1/ 16 point from Friday to close at 83/16 per cent each. S$ interbank rates at 3pm yesterday Offer Bid Owernight 770 words
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Article51 1984-10-13 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from Oct 15 to Oct 19Offered: $140,000,000. Applied far: 1211,060,000. Allotted: $140,000,000. u Ac ffP te- J" 25 approximately 66 per cent; higher bids in full. Average rate of discount mi allotment: 3.010 per cent per51 words
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Article, Illustration330 1984-10-13 5 Asian market ASIAN dollar deposit rates closed steady yesterday at slightly lower opening levels in quiet afternoon trading. Period rates eased between 1/16 and 1/8 point at the outset on weaker Eurodollar deposit rates and remained unchanged thereafter with one, three and six months closing at 10-3/ 4 10-5/8, 11-3/16330 words
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Article246 1984-10-13 5 Interbank rates at 3pm Currtoctii Nominal rata* Si quoted ytfttfdiy c tom parity Locol dollars to one umt of foretgn currency US dotar 2 1690 2.1700 ***** -2307 Sterling pound 2 6483 ***** 7 3469 -63 95 Australian doMor 1 8024 1 8043 3 4286 -47 43 NZ246 words
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Article307 1984-10-13 5 BA Futures Inc EURODOLLAR futures at Simex opened at the same level yesterday as Chicago's close but slightly higher than its previous close. Traders were keeping an eye yesterdy on the release of US retail sales and producer price index. December Eurodollar opened at 88.70 and gradually traded higherBA Futures Inc - 307 words
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Article175 1984-10-13 5 HONGKONG The market closed higher yesterday on sporadic buying by Singaporean interests in the afternoon. The bullion price finished at U*****.70/338.10 an ounce against an opening $337.20/ 70 and New York's close of $336.75/337.25. On the local market, gold ended HK$5 below Thursday's close at $3,159 a tahil. The175 words
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Page 5 Advertisements
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Advertisement126 1984-10-13 5 11 i: M What should the Budget do? I ft T 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,126 words
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FEATURES
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Article438 1984-10-13 6 "DO YOU feel good?" they bellow to teeming audiences and the roar that crashes back on stage is almost always a resounding yes. They have all done it during sell-out performances in one form or another, from Jerry Lee Lewis to Mick Jagger to Boy438 words
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Article, Illustration886 1984-10-13 6 CHRISTOPHER WREN - By CHRISTOPHER WREN NYT A SHINY BLACK leviathan, welded from 133 tonnes of steel, nosed out of the shed. Its six driving wheels, painted bright red with white trim, slowly picked up speed. The whistle screeched. Billowing steam obscured the sunlight. The 6,736NYT - 886 words
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Article987 1984-10-13 6 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Bahari Prasetya 23 F Sun alongside 13.10.84/0600 CR Abidjan 35/6 BOR alongside 13.10.84/1200 Equator III 22 T Soon alongside 13.10.84/0700 Lampung 45 Heap Seng alongside 13.10.84/1200 SA Morgenster 44 Ned-EAC alongside 13.10.84/0700 Bharatendu 18 R Jumabhoy 13.10.84/0600987 words
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Page 6 Miscellaneous
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Miscellaneous1037 1984-10-13 6 J to obid mm A HIGHLIGHTS Saturday Matinee Secrets Of The Bermuda Triangle 2.35 pm, Channel 5 Peter Tomkins, author and explorer, has dedicated his life to trying to crack some of the mysteries of the Bermuda Triangle, a deceptively tranquil area in which hundreds of ships and planes and1,037 words
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Miscellaneous49 1984-10-13 6 Listening .(cont'd) 7.M News and Weather Forecast 7.15 All about Music 7JI Music Room $.M Programme Summary (English and Mandarin) 8.15 Musical Moments With BJ9 Organ Music from Germany t.M News I.ls Operas U.4t (approx) Malcuzynsi plays Chopin 12.M MN News in Brief and Weather Forecast 12.K AM Close49 words
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TIME-OFF
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Article, Illustration723 1984-10-13 7 JEFFREY TSANG - From the desk-top, it's just a step away to the lap-top micro-computer. But while the established manufacturers of the former are finding themselves chained to the desk, other Japanese and American firms are racing against each other to bring out the true portable. By JEFFREY723 words
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Article307 1984-10-13 7 CONCERTS Tonight, the National Theatre Symphonic Band, with conductor Luk Hoi Yui, presents Symphonic Sounds XVII. Peter Yan is the guest conductor. Programme includes selections from Flashdance, and L'Arlesienne Suite No 1 by George Bizet/ Herman Finck. Victoria Concert Hall, 8 pm. Tickets: $2, $3 and $5. The307 words
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Article, Illustration273 1984-10-13 7 JUDGING from their speeches, Members of Parliament and other public figures must really enjoy their work. Hardly a day goes by in Singapore without at least one of them officiating at some function, and their speeches almost inevitably begin with "It gives me great pleasure..."273 words
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Article, Illustration422 1984-10-13 7 JAIME LYE - Kurosawa the master creator of film realism By JAIME LYE HE TRIED to kill himself in 1971. But no one ever talks about it. What they do talk about is Akira Kurosawa, the now 74-year-old celebrated film director who singlehandedly put Japan on the world film map. Labelled a true422 words
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SPORTS
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Article, Illustration657 1984-10-13 7 BRIAN MILLER - By BRIAN MILLER SENSATIONAL apprentice Luke Danis can get closer to the history books at Kuala Lumpur today. This lightweight jockey, who is chasing Billy Bagby's 30-year-old record of 45 winners in one season by an apprentice, is down to partner six horses657 words
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Article, Illustration525 1984-10-13 7 WALTON MORAIS - By WALTON MORAIS INDONESIA'S Atet Wijono carried his fairy tale challenge in the Toyota Singapore Open grasscourt tennis championships into the semi-finals with a crafty 6-3, 6-3 win over countryman Sulistyono yesterday. The little Indonesian, now on the worse side of 33, became525 words
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Page 7 Miscellaneous
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Miscellaneous781 1984-10-13 7 CRYPTIC PUZZLE ACROSS 9 Not foreign money (that's easy) (2, 7) 10 Thought I made out a trap inside (8) 12 What the chcketer in drag wore? (4) 13 The first change of key results in a kick of harmony (6) 14 Around sun-rise, produces food (7) 15 An incisive,781 words
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INTERNATIONAL STOCKS
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323 1984-10-13 8 Reuter NV Philips Gloeilampenfabrieken says a 1.5 billion guilder project with Siemens AG to develop a new generation of electronic chips is intended to give Europe a leading position in micro-electronics. In a press statement, Philips confirmed that the two companies intend toReuter - 323 words
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168 1984-10-13 8 FT INTERNATIONAL Busi ness Machines (IBM), the world's largest computer manufacturer, has reported increases of more than 21 per cent in third-quarter and year-to-date net earnings. But it has highlighted the strength of the US dollar as seriously affecting earnings andFT - 168 words
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297 1984-10-13 8 UPI THE STOCK market scored a solid gain on Thursday in moderately active trading with some investors engaging in bargain hunting following a lengthy slide that took prices to a twomonth low. Investors had expected IBM's report of a 21 per centUPI - 297 words
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Article126 1984-10-13 8 OCT 11 C$ frnp CM 43* 31* 13* 34% 31 22 20* 23* frirt Nfcfcal pari Kiowa Scotia 16 (M T*J 33V* Lobtow B 17* gp Con Ltd 28* 3* 31* Mc Bkxtt 25* •H 26 16* H 53* H 46* 16* 19* V* C»M Rd Lk Cn Bthrt126 words
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Article223 1984-10-13 8 OCT 11 M MOUSTRIALS A AMm 780H -10 Trutt 8k Un Staal UMmc Woofworlh 212 101 450 1450 -6 mh unch 50 Abarcocn AE And a 138 750 -2 inch 5 unch Angioa MININGS 2350 inch 2575 ***** 690 -970 1035 -15 8200 -575 C G Sn*h 1800 430223 words
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Article713 1984-10-13 8 OCT 11 US* *jc an AJurrwi Z 26* Alcoo 32 Lud 23 AAod Own Cp Afttd Storti 37 51* 1* AfcOqtni i f Am Bmnk he AIM Am ffrwwfi mt 65* Am Con Co 47* Am Cyonamad 49* 1* Am Bk Pwt 19* inch Am Expraat 34* Am713 words
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Article870 1984-10-13 8 Amsterdam OCT 11 AJN Hi 347 SO +3 127 00 +1 Ahofcj Afcio AMFV 191 20 +0 3 97 00 1.2 IUU +25 A/nto» Bart iiM -f> 1 Bote 9900 +0 5 270 50 wk*i Botfco Itftat 6570 -08 32.80 +0.8 Cx*« ***** +2 D* Mii 87 50870 words
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Page 8 Advertisements
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Advertisement536 1984-10-13 8 &>> til I I The Tea Garden presents. The BestofTheFests 4th-28th October We've put the clock back to bring you the most popular dishes from five of our most fabulous Asian festivals. From Indonesia, Gado Gado—surely the imaginative of names. From India, Chicken Tandoori easily the most colourful of courses.536 words
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Advertisement158 1984-10-13 8 London stocks, Pags 11 V 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, The Pintos Trio. cKown PRfNCE H9TEL Continuing thrfttncr mm Uwaoar <* Mend*158 words
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ASIAN STOCKS
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Article310 1984-10-13 9 HONGKONG: Share prices were mostly unchanged in very quiet trading here yesterday except for some selective late buying of property companies. The Hang Seng Index finished the day 3.36 higher at 963.14. Turnover amounted to HK599.29 million compared with Thursday's $103.36 million. Blue chips mostly closed unchanged, among them310 words
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Article215 1984-10-13 9 OCT 12 MT Cham Indus 1920 +0 1 lion Hwa Indus 1340 04 7.00 0.1 Nan Y a Ptas 31 00 -02 25 80 inch Pacific Com 26 90 0 1 26 20 -05 Pacific Etoct 19 00 unch 58 00 0 5 Wr« 20.60 ■06 PooJung Papar 1215 words
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Article369 1984-10-13 9 SYDNEY: Share markets closed firmer yesterday on support for selected industrial issues in generally featureless trading. The All Ordinaries Index was 2.7 firmer at 749.1. National turnover was 38.98 million shares. BHP slipped five cents to $10.25 and CSR two to $3.06. On the industrial boards, inves- tors abandoned369 words
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Article65 1984-10-13 9 Oct 12 Won 656 -1 Hyundoi Corp Hyundai Motor K AL 1019 615 506 715 3 -7 +2 15 621 -3 1335 -15 675 4 438 3 558 +7 794 -1 492 2 731 -10 641 -6 867 1 690 -1 1405 -10 Gold Star Hand Bk 731 73665 words
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Article380 1984-10-13 9 TOKYO: Share prices closed lower in dull pre-weekend trading yesterday mainly on the uncertain outlook for yen-dollar exchange rates. The market average fell 12.28 to close at 10,684.58 after Thursday's 28.15 gain. Turnover remained light 300 million shares against 280 million on Thursday. Blue chips and populars rose in380 words
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Article159 1984-10-13 9 BANGKOK: Stock prices closed higher yesterday in moderate trading. The Book Club Index rose 0.23 to 120.13 as advances led declines by a small margin. Turnover stood at 180,633 shares worth 33.3 million baht compared to Thursday's 187,097 shares worth 23.9 million. OCT 12 Aokham Thai Ana Hbra 261159 words
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Article135 1984-10-13 9 MANILA: Share prices closed easier in continued dull trading yesterday. The Commercial and Industrial Index fell 1.78 to 102.43, the mining marker 1.40 to 851.49 and oils 0.004 to 0.607. Lepantoß, Philexß and San Miguel B were all unchanged. OCT 12 Acof* Mmg An0o PM 3.0014 unch 3.001 inch135 words
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Article56 1984-10-13 9 Reuter TRADING in World International Holdings's ordinary shares has been suspended pending court proceedings concerning the hiving off and listing of its shipping arm, Eastern Asia Navigation Co. Trading will resume next Tuesday, according to the Hongkong Stock Exchange. The hiving off and listing is expected toReuter - 56 words
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Article541 1984-10-13 9 Reuter THE SINO-BRITISH draft agreement on the future of Hongkong has been generally well received by businessmen in Hongkong but the reaction of financial markets has been muted, according to economists and stock market analysts. They say that the positive impact of the accord hasReuter - 541 words
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75 1984-10-13 9 Reuter GENERAL Gold Resources NL and Hunter Resources have entered into a joint venture with a Chinese company to explore for gold in Western Australia in China's first minerals exploration venture overseas. Government-owned China Rainbow Development and the Australian companies would equally share theReuter - 75 words
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142 1984-10-13 9 AP GENERAL Motors Corp has decided to import 300,000 tonnes of steel plate a year from Japan because it is good quality and cheaper, according to a report by the Japan Broadcasting Corp (NHK). It said on Thursday that a General Motors investigatingAP - 142 words
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Advertisement510 1984-10-13 9 =0 «SK.S| SSIKI S?8 IB n-Ffg; I #f:P COME on .t gourmet adventure beneath M the starlit skv 4 M gteamboat Ken VituLiv h pm to 1 I pm A tP For two S2N For tour S>S6 For six s>?ss C ;A IcilllJC Ictiat'c A delicious choice of fresh and510 words
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Advertisement111 1984-10-13 9 Mi Sif 7777 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 m \7 i i a. jm 19 Cairnhill111 words
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Article, Illustration4091 1984-10-13 10 SHARE PRICES in the Singapore stock market drifted to a more-than-18-month low yesterday in quiet trading. The BT Composite Index lost 1.86 points to close at 764.99 while the Straits Times Industrial Index shed 2.38 points to 854.76. Volume was moderate at 12.534,091 words
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Article264 1984-10-13 10 SINGAPORE Rises Indices 25« 275 Ko»t«cfc T Spora 460 CoM S«om lOp 304 CAJHSO, 326 Oodrt 225 timiiicu 220 ICS 555 Mt PImmt* S0< 155 Gd 50c 149 MTfTI, 382 Falls S.Ih i. 0rad« 525 ■■lliafc 364 •M 40« 162 S Sua—S0< 132 MMra HMft 350 f264 words
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448 1984-10-13 10 THE Kuala Lumpur stock market closed on an easier note yesterday on some light selling in the afternoon. Interest remained selective with Ben Co again hogging the limelight on the trading floor. Turnover improved to 6.36 million units valued at M 512.67 million from448 words
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Article3507 1984-10-13 10 BID and offer prices officially listed and business In and re* ported 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 word3,507 words
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Advertisement7 1984-10-13 10 Business done on ttw KLSE Snpagt 117 words
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COMPANY NEWS
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Article, Illustration316 1984-10-13 11 HOCK LOCK SIEW GIVEN the current lacklustre and directionless trend of the local* stock market, investors have had little choice but to play a waiting game. Investors' patience has been wearing thin while they wait for developments to turn market sentiment around. Working in this scenario, this columnistHOCK LOCK SIEW - 316 words
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Article209 1984-10-13 11 Manogers' prices for Oct 13 15 Third B'putro Fourth B'putro Fifth B'putro 4.09 449 303 4 14 4 54 308 Singapore Unit Truat Sixth B'putro Seventh B'putro (A) 294 207 299 2 12 The Commerce 2.66 2.82 Seventh B'putro (B) 283 288 The Savings Fund 1.77 1.88 Eighth209 words
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Article1036 1984-10-13 11 EQUITIES ended the last day of the account yesterday cautiously mixed, awaiting the UK miners' leader Arthur Scargill's response to news that the coal board had accepted a proposal by the conciliation service ACAS to end the pit strike, dealers said. At 3.30pm, the FTSE 100 was down1,036 words
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177 1984-10-13 11 MAGNUM Corporation Bhd has announced the appointment of Mr H'ng Hung Yong as a director of the company, thus confirming a BT report three weeks ago. Mr H'ng, who assumed directorship from Oct 8, is not a newcomer to the corporate scene as177 words
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LATEST
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Article47 1984-10-13 11 For the 14 months ended March 31, 1984, loss of MH50.364 (for 12 months ended Jan 31, 1983 loss of $46,740) on turnover of $3.15 million ($2.45 million). In view of the loss suffered, no dividend will be recommended (1983: five per cent).47 words
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70 1984-10-13 11 BANK of China has signed a joint venture leasing agreement with West Germany's Dresdner Bank AG and Japan's Sanwa Bank Ltd. Dresdner said it is the first time the Bank of China has signed a joint venture with foreign banks. Dresdner and70 words
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Article100 1984-10-13 11 HONGKONG Australian Industrials Hong Seng Index Friday 1080 5 Thursday 1075.5 Friday 983.14 Week ago 1065 0 Thursday 979.78 Week ago 974.17 NEW YORK Dow Jones TOKYO Thursday 1183.08 Wednesday 1177.23 Tokyo Dow Jones Week ogo 1187 39 Friday ***** 58 Thursday *****.86 Week ago *****.58 Standard and100 words
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684 1984-10-13 11 HOCK LOCK SIEW JARDINE Fleming (Singapore) Pte Ltd (JFS), which has so far declined to make any public statement regarding its expulsion from Singapore, has apparently been leaking out information in bits and pieces to refute charges made against it by the Monetary AuthorityHOCK LOCK SIEW - 684 words
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393 1984-10-13 11 BUKIT Sembawang Estates Ltd, developer of Seletar Hills, one of the largest private housing estates in Singapore, has received $4.21 million award following the acquisition of 174,679.9 sq metres of land belonging to its wholly-owned subsidiary, Singapore United Rubber Plantations. The land,393 words
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270 1984-10-13 11 Reuter THE British stock market is edging towards record levels, auguring well (or next month's £3.5 billion British Telecom PLC share issue, in spite of lack of progress in settling the 31-week coal mining strike. Brokers and fund managers said the market remains underpinnedReuter - 270 words
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Article2581 1984-10-13 11 INDUSTRIALS Alcom (1.448 I.4SS) (33) I 46 (28) I 47 (6) I 45(2) I 44 Ala. HWto xd Antob (1568 I 575) (3) 158 (9) I 57 (9) I 56 •A Owe (2 68S) (4) 2 69 0 0) 2 68 AS! (4 50S) AMD2,581 words
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Advertisement157 1984-10-13 11 SHTSMME NOTICE IS HEREBY GIVEN that in consequence of the intended change of- name of a ship by our' clients, M/s. Bernd Wesch, Egon Wesch, Hilda Wesch and Kirsten Wesch, we have applied to the Regis- trar of Singapore Ships'.under Section 417 of the j Merchant Shipping Act w(Cap. 172)157 words
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351 1984-10-13 12 CHUANG PECK MING - By CHUANG PECK MING A MEMBER of the Wah-Chang International Group is seeking a listing on the Securities Exchange of Thailand. Thai-Wah Company, which is one of Thailand's largest agricultural commodity exporters, is hoping to raise money for "general expansion in agroindustry jobs351 words
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Article, Illustration248 1984-10-13 12 Reuter THE IRISH Republican Army (IRA) yesterday claimed responsibility for the bomb blast in Brighton in a statement to the British press. The statement said the IRA had detonated a 100-lb gelignite bomb "against the British Cabinet and the ToryReuter - 248 words
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413 1984-10-13 12 HOUSING AND Development Board subsidiaries have chalked up a surplus of about $38 million in the production of building materials. In its accelerated building programme, HDB contractors' demand for bricks, sand, granite, steel bars and cement also continued to climb. The entry of413 words
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Article137 1984-10-13 12 THE Midland Bank has given a US$B3 million loan to finance part of the construction of a submarine cable between Singapore, Indonesia and Australia. Under the loan package, in the form of buyer credits, $73 million was given to the Overseas Telecommunications Commission of Australia137 words
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154 1984-10-13 12 CHINA'S Communist Party newspaper People's Daily (Renmin Ribao) yesterday told people that they should spend more money, not keep it locked up in the bank. Getting rich and buying consumer goods is not decadent, especially if it makes life more pleasant,154 words
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Article52 1984-10-13 12 THE MEMBER of Parliament for Jalan Kayu, Mr Hwang Soo Jin, will ask the Minister of Finance, and Minister of Trade and Industry about steps taken by the government to strengthen control over the diversification of activities of governmentowned or government-controlled companies at the next Parliamentary sitting on52 words
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304 1984-10-13 12 ESC ALA TORS will be installed at the Scotts Road pedestrian underpass by next year the first by the Public Works Department (PWD). A spokesman said the PWD hoped to include escalators in new underpasses where there was heavy pedestrian304 words
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Article, Illustration371 1984-10-13 12 AFP MALAYSIAN Prime Minister Dr Mahathir Mohamad has dismissed speculation that he plans to replace the head of state-owned Bank Bumiputra which is at the centre of a M 52.3 billion loan scandal. He told Malaysian newsmen in New York, where he is attendingAFP - 371 words
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Article75 1984-10-13 12 A DROP in US producer prices and a rise in retail sales for September helped Wall Street to move ahead moderately in early trading yesterday. The Dow Jones Industrial Average was up about IVi points to under 1185. Overall, gainers led losers five to three. Volume was75 words
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LATE FILE
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Article50 1984-10-13 12 AFP BRITAIN'S defence ministry yesterday ordered an inquiry into allegations that a group of British soldiers had massacred 30 Buddhist priests in Burma during World War 11. The allegations came from former rifleman Allan Hodgson, who said the massacre occurred in February 1942 in Pegu. AFPAFP - 50 words
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Article48 1984-10-13 12 Reuter AUSTRALIAN Prime Minister Bob Hawke acted as a secret intermediary between China and Vietnam over Cambodia. Official sources in Canberra said yesterday that Mr Hawke carried messages between Chinese Communist Party SecretaryGeneral Hu Yao Bang and Vietnam Prime Minister Pham Van Dong. ReuterReuter - 48 words
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Article46 1984-10-13 12 Bernama MALAYSIAN Prime Minister Datuk Sen Dr Mahathir Mohamad, who arrives in Tokyo today for a three-day private visit, is due to hold talks with his Japanese counterpart Yasuhiro Nakasone over a number of contentious issues affecting Malaysian-Japanese relationship. Be mamaBernama - 46 words
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Article56 1984-10-13 12 UPI THE Hoya Corp of Japan yesterday introduced glass filters designed to prevent eye fatigue in users of video display terminals. The filters, which come in 12- and 14-inch models, consist of multilayer reflection prevention film and a hood, and is supposed to protect the eyesUPI - 56 words
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Article52 1984-10-13 12 AP KICHIBEI Yamamoto, 66, president of Shiseido Co, the oldest and leading cosmestics company in Japan, died of a heart ailment at a Tokyo hotel yesterday. Shiseido started out as a small Western-style pharmacy on Tokyo's Ginza in 1872 and began making and selling cosmestics inAP - 52 words
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Advertisement130 1984-10-13 12 Thatcher ••capes Pago 4 NOTICE NOTICE NOTICE IS HEREBY GIVEN mat, I Tan Yeak Seah of No. B* 402, Ang Mo Kio Ave 10 #***** Singapore 2056, have applied for a RETAIL LIQUOR SHOP LICENCE in respect of premises at M/S: Ang Mo Super Provision Shop B*. 407, Ang Mo130 words
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Advertisement558 1984-10-13 12 •> 4B 'i. > <W v¥ y As2jS1» sa Qi Touche Ross Darmawan&Co and It TIMES CONFERENCES presents A TOP-LEVEL CONFERENCE ON CORPORATE TAX PLANNING UNDER THE NEW INDONESIAN TAX LAWS 6 7 NOVEMBER, 1984, HOTEL BOROBUDUR INTERNATIONAL, JAKARTA, INDONESIA Supported by The Straits Times. Singapore's largest circulation English daily558 words
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Page 12 Miscellaneous
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Miscellaneous60 1984-10-13 12 soMSTGMj} Outlook for today: Cloudy, with showers over several oreos in the early morning and before dawn. Report for 24 hours pnor to 7 30pm on Oct 11 at the airport: Maximum temperature 31.3 Associated humidity 64 Minimum temperature 24.6. Associated humidity 90 Hours of sunshine 1.85 Rainfall in millimetres60 words
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