The Business Times, 27 October 1984
1984-10-27
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The Business Times
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Title Section11 1984-10-27 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, OCTOBER Z7,1984 60 CENTS11 words
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222 1984-10-27 1 THE MOVE TO encourage local investors to venture into new frontiers of technological advancement has taken another step forward. Companies investing in approved capital projects in new technology industries will soon be able to write off losses up to 50 per cent of222 words
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Article87 1984-10-27 1 AN ENHANCED death gratuity to be paid on the death of a pensionable officer has been proposed. A Pensions (Amendment) Bill, tabled before Parliament last week, proposes the payment of an enhanced gratuity based on 1/120 of the officer's annual pensionable emoluments for each complete month of87 words
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Article, Illustration635 1984-10-27 1 ALVIN TAY - Reduction to 9.75 per cent reverses seven-month upward trend By ALVIN TAY THREE OF THE Big Four local banks will reduce their prime lending rates by one-quarter point to 9.75 per cent from Monday, reversing a seven-month upward trend. The sooner-than-expected move by DBS Bank,635 words
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Article, Illustration584 1984-10-27 1 PENG Al LIAN - By PENG Al LIAN ONE OF West Germany's largest private commercial banks, Berliner Handels-und Frankfurter Bank, better known as BHF-Bank, has been granted an off-shore banking licence in Singapore. BHF-Bank has been represented in Singapore since the early seventies through the consortium of Inter-Alpha Asia (S).584 words
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Article, Illustration196 1984-10-27 1 A SELLING spree hit the stock market yesterday, pushing the Straits Times Industrial Index down to a 19-month low. The ST Index shed a hefty 11.77 points to close at 853.48, while the BT Composite Index fell 9.33 points to 758.11. Total196 words
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411 1984-10-27 1 SOH TIANG KENG - By SOH TIANG KENG Banking Correspondent THE BIGGEST fund-raising exercise by a government in the Asia-Pacific region has proved to be a success. A US|l.5 billion syndicated loan to New Zealand has been oversubscribed by about US$6OO million because prospective lenders offered411 words
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285 1984-10-27 1 THE WORLD'S biggest computer company has flexed its muscles over local computer pirates and the effects will probably ripple around Sungei Road. IBM Singapore announced on Thursday that it had started legal action against four companies for copyright infringement. Although the company285 words
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Page 1 Advertisements
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Advertisement146 1984-10-27 1 ENEX-ASI A^'B4 y TECHNICAL V AND WORKSHOP SESSIONS Eminent technologists from 10 countries presenting the latest in electrical electronic engineering. For more information, call:lINTERFAMA PTE LTD Tel: *****12 Penalties for harbouring of illegal immigrants, Back Page PERFECTLY i i m "y o 1 Also available are other top l f146 words
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Advertisement275 1984-10-27 1 mm SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGES 5 SHIPS IN PORT STRAWS IN THE WIND CHARTPOINT FOUR MILLION Singapore dollars is probably a small sum of money to Playboy's Hugh Hefner, whose corporate empire across America and Europe generates more than $500 million in sales every yeor. Page275 words
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Advertisement140 1984-10-27 1 fama organised show Tel *****12 r J Wishful thinking? No! Wayfoong thinking For most of us, the buying of a new car is one of the largest purchases we'll make in our lifetimes. Almost everybody needs help in a loan to make their new car dream a reality. And Wayfoong140 words
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HOME NEWS
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Article, Illustration526 1984-10-27 2 CHUANG PECK MING - By CHUANG PECK MING FOUR MILLION Singapore dollars is probably a small sum of money to Playboy's Hugh Hefner, whose corporate empire across America and Europe generates more than five hundred million dollars in sales every year. But for local businessman Tan526 words
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192 1984-10-27 2 THE German-Singapore Institute (GSI) could expand its activities to include part-time courses and consultancy services as well as the dissemination of technical information to industry. The suggestions were made by the Minister of State for Trade and Industry, Dr Wong Kwei Chong,192 words
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271 1984-10-27 2 AN OVERWHELMING number of overseas trade enquiries has prompted the Trade Development Board to publish a regular list of foreign companies interested in buying from and selling to Singapore. Such information was previously incorporated in the board's publication Tradespur and occupied a small271 words
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92 1984-10-27 2 THE Central Provident Fund has published its latest edition of its information booklet for employers. Entitled "Information for Employers," the 22-page booklet explains the procedures and employers' obligations in CPF contributions, payroll tax, Mosque Building Fund, Mendaki Fund contributions, grills Development Fund and the Foreign92 words
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Article, Illustration278 1984-10-27 2 METRO department store has embarked on a programme to make its salesgirls the most talked about in the retailing scene. What the Singapore Girl does in the air, v a Metro Girl can do in the store, seems to be the philosophy behind278 words
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152 1984-10-27 2 SINGAPORE Airlines (SIA) will launch its direct flights to Tokyo with Japanese food served on aboard. The month-long promotion, beginning on the first of next month, highlights the "Total Japanese Service" which SIA is introducing on a permanent basis. The total package152 words
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114 1984-10-27 2 SINGAPORE-registered companies promoting British commercial interests in the region have been invited to join the British Business Association. The move to admit non-Brit-ish companies as associate members of BBA was made because a substantial amount of regional business in British goods is done by114 words
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Article82 1984-10-27 2 THE NEW US Ambassador, Mr J Stapleton Roy, presented his credentials to President Devan Nair at the Istana yesterday. Mr Roy, 49, succeeds Mr Harry ET Thayer who was recently named the director of the American Institute in Taiwan. Mr Roy is a graduate of Princeton82 words
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262 1984-10-27 2 ACUTA Engineering and Company has been fined by the Housing and Development Board for faulty sewer works at the longdelayed Gillman Heights project. The board has ended the contract with the company and appointed Seworld Corporation Pte Ltd as replacement. It found the262 words
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Article87 1984-10-27 2 THE AUSTRALIAN Minister of Housing and Construction, Mr Chris Hurford, will be in Singapore from today to Monday. He leads a 15-man mission which includes representatives from government and private sectors. Mr Hurford will meet Minister for National Development, Mr TeH Cheang Wan, and officials from the87 words
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Article, Illustration187 1984-10-27 2 SOME PEOPLE go to great lengths to prove a point. Miss Julia Crosby, 27, is travelling 11 days in a single-engined light aircraft from England to Australia to prove that women are every bit as good as pilots as men. Miss Crosby and187 words
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226 1984-10-27 2 FROM Thursday, Nov 1, 1984, Telecoms will introduce the Speed post Service to Finland. This is an international allexpress mail service providing door-to-door collection and delivery of postal packages catering specially to the needs of business organisations. The charges are $40.00 for the first half kg226 words
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Article407 1984-10-27 2 Seminars and courses DURATION TITLE VENUE ORGANISER Oct 25-27 Oct 27 Oct 27 Oct 27 Oct 27-31 Oct 29-30 Oct 29-30 Oct 29-31 Oct 29-31 Oct 29-31 Oct 29-Nov 2 Oct 29-Nov 3 Supervisory Power Industrial Relations In The 80s' The Practice Of Minutes Taking The Productivity Movement-A Perspective407 words
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Page 2 Advertisements
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Advertisement100 1984-10-27 2 lAUCTION )A 1,006 PCS. OF W6 GOLD, DIAMOND, SAPPHIRES, RUBIES, EMERALDS, JEWELLERIES TO BE HELD ON 27th SAT 28th SUN OCT. «4. AT 1.30 pm SHARP VENUE: FUNCTION ROOM LEVEL (6) PRESIDENT MERLIN HOTEL 181 KITCHENER ROAD SINGAPORE 0820 VIEWING TIME: 10.30 am to 12.30 pm each day MSI KS100 words
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OVERSEAS
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378 1984-10-27 3 Reuter A LEADING economic adviser to President Reagan has predicted that the US economy will really take off in 1986 producing growth rates that will make former boom years pale by comparison. In an interview published in a West German financial magazine, MrReuter - 378 words
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112 1984-10-27 3 AFP VIETNAM has accused China of using Vietnamese "traitors" to fight Hanoi's forces along parts of the 1,150 km Sino-Vietnamese border. They were encouraged to carry out "acts of sabotage, in a policy aimed at having Vietnamese fight with Vietnamese," the official Vietnamese Information Agency said.AFP - 112 words
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Article740 1984-10-27 3 ARRIVALS Operator Service Local From number time PAA PAS 0020 JFK/SFO/HKG CAL CI331 0150 TPE MAS MH681 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH60I 0905 KUL SV SV386 0910 JED/RUH MAS MH671 0935 KUL MAS MH811 0940 PEN CAL CI806 0945 HLP740 words
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264 1984-10-27 3 Reuter JAPAN's poison candy crooks are pioneering a dangerous new type of extortion which police find hard to combat and which could be all too easy to copy. Most of the dangers of conventional extortion for criminals are removed from the caseReuter - 264 words
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187 1984-10-27 3 UPI OPPOSITION parties are taking aim at Chancellor Helmut Kohl in hopes of drawing him into the growing corruption scandal that has led to the resignation of the West German Parliament Speaker. Speaker Rainer Barzel, a member of Mr Kohl's Christian Democratic Party,UPI - 187 words
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Article, Illustration478 1984-10-27 3 UPI THE Ethiopian government plans to move more than 250,000 famine victims from their homelands. Diplomats said it will be the largest forced migration of its kind in East African history. "The theory is that the land can no longer sustain theUPI; UPI photo - 478 words
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465 1984-10-27 3 NYT THE NATIONAL Energy Board of Canada plans to cut the official price of the light crude oil it exports to the US by about US$l.35 a barrel, to about $27.50, senior Canadian officials said on Thursday. The price cut,NYT - 465 words
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149 1984-10-27 3 FT IN SPITE OF a new surge in its foreign trade balance, West Germay seems likely this year to fall short of the 10 billion Deutschemark surplus on its 1984 current account which had previously been forecast. Figures for theFT - 149 words
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Article, Illustration343 1984-10-27 3 Reuter THE US appears ready to apply pressure on Philippine President Ferdinand Marcos to put some of his senior military officers on trial for the assassination of opposition leader Benigno Aquino. US officials who asked not to be identified declinedReuter - 343 words
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225 1984-10-27 3 AFP TO AVOID "another tragedy" like the assassination of Filipino opposition leader Benigno Aquino, 64 US Congressmen have written to South Korean President Chun Doo-Hwan, asking that opposition leader Kim Dae-Jung be given proper protection when he returns home to Seoul. In their letter,AFP - 225 words
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132 1984-10-27 3 AFP THE AUSTRALIAN government will use its influence with Manila to ensure that justice is done in the Philippines following the release of a report on opposition leader Benigno Aquino's death, Prime Minister Bob Hawke said. At a news conference in GladstoneAFP - 132 words
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91 1984-10-27 3 UPI THE AUSTRALIAN government's election hopes were given a boost on Thursday with the release of a round of solid economic results showing lower inflation, falling unemployment and higher production. The Bureau of Statistics in Canberra released figures showing the inflation rate for the SeptemberUPI - 91 words
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Article, Illustration558 1984-10-27 4 NYT SECRETARY of State George P Shultz said the United States should stop equivocating and adopt a policy of using military force against terrorist groups even if this led to the death of American servicemen and some innocent people. "We may neverNYT - 558 words
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WORLD IN BRIEF
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Article73 1984-10-27 4 INDONESIAN Foreign Minister Mochtar Kusumaatmadja said yesterday that a recent proposal for a meeting on Cambodia between Indonesia and Vietnam was killed when it was leaked to the press before he had the opportunity to come to an agreement with his Asean partners. He was commenting on recent73 words
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Article59 1984-10-27 4 SRI LANKAN President Junius Jayewardene's ruling United National Party yesterday scored convincing victories over a divided opposition in two parliamentary by-elec- tions which the opposition parties had hoped would show that the government was becoming unpopular. Most observers had expected the ruling party to win the by-elections, but59 words
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Article33 1984-10-27 4 PRIME Minister Margaret Thatcher on Thursday tried to minimise embarrassment over the French plot to plant explosives as a test for British security, saying the episode was a "most regrettable" misunderstanding.33 words
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Article46 1984-10-27 4 A HOODED witness before the President's Commission on Organised Crime named former South Vietnamese Premier Nguyen Cao Ky yes- terday as the leader of four gangs that prey on Vietnamese refugees in the United States. Mr Ky bitterly denounced the charge as a lie.46 words
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Article59 1984-10-27 4 ROBERT Trim bole, wanted for questioning over a triple murder and a crime and drug network in Australia, has been arrested in Ireland, police said yesterday. Mr Trim bole, one of Australia's most wanted men, has been linked with large mafiastyle underworld operations which included the Mr59 words
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Article52 1984-10-27 4 A GUNMAN shot and gravely wounded the United Arab Emirates' temporary viceconsul in Rome late Thursday night and killed a 23-year-old Iranian woman who was riding in his car, police said. Police said the diplomat, whose name was not announced, was in a coma at Rome's Villa Saint52 words
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Article75 1984-10-27 4 INDIAN Defence Minister Shankarrao Chavan is leaving for Moscow on Tuesday on a four-day official visit. A brief release from the Press Information Bureau said Mr Chavan's tour was at the invitation of the Soviet government. However, observers believed that his talks in Moscow would centre on Indian75 words
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204 1984-10-27 4 Bernama A TAX consultant in Malaysia has proposed that the present policy of allowing the free repatriation of income like profits, dividends and interests by foreign investors be changed. Mr Yong Poh Chye, managing director of Tax Advisory Management Services Sdn Bhd (TAMS), saidBernama - 204 words
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Article, Illustration310 1984-10-27 4 Reuter AP PRESIDENT Reagan, buoyed by more good news from opinion polls, re-entered the US election fray yesterday after taking a day off while rival Walter Mondale whipped up voter fervour. His trip to New Jersey, New York and Connecticut yesterday wasReuter; AP - 310 words
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254 1984-10-27 4 Reuter A DRAFT accord with China on the future of Hongkong was welcomed in the British Parliament on Thursday in the first debate on the Colony since the deal was initialled in September. The British Parliament, which has the final say over the package, willReuter - 254 words
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Page 3 Advertisements
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Advertisement14 1984-10-27 3 v *xrs AM Pan Am. Daily 747SPTo USA, It Flies Smoother, Faster And Quieter.14 words
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Advertisement56 1984-10-27 3 Golden Pfwenix CHAD ZHOU GARDEN RESTAURANT 6th Storey. UIC Building, Shenton Way, Tel: *****55 (6 Lines) -:oj r r -7 w (■ol<l<>n INuHMii.v Sk*huHll Kl^wlHlirHlll bicnuan Hote| Equatoria OUISIfie j29 Bukit Timah Road Tel *****31 (iohlen Phoenix Sirhiinii Iti-Kliiiminl I 4th Storey World Trade Cent: 1 Maritime Square To! *****3056 words
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RAW MATERIALS
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Article146 1984-10-27 4 Chinese Produce Robusta 20/25% Exchange i FOB NSW 502 501 (Setters' noon ctouni j prices on Oct Nutmeg 363.00 26. S$/100 kg) 110 FOB NSW B W FOB NSW 256.00 Coconut oil Gambier Bulk FOB 195.00 FOB NSW 305.00 Old drum FOB 208 00 New drum FOB 212.00146 words
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Article283 1984-10-27 4 Singapore A-l special C-l special C-l Ordinary 207 unq unq (S$/kik>, ex-godown) Thai white Loonzain 100% 100% 1st class first grade unq (kangaroo) 100% second grode 250 new crop 1 03 100% third grade unq 100% 2nd doss 100% 3rd doss 073 0.71 Parboiled 5% 10% 242 237 25%283 words
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Article167 1984-10-27 4 Yarn (In HKS per bole of 400 lb) Hongkong Golden Peak. 60 x 60 ,115 50 China carded yarn, cones White cloth Blue Phoenix 16's Blue Phoenix 20's Blue Phoenix 32'$ 3,350 3,500 3,800 Japon No. 10,000 Three Peoches Japan No. 2003 221 50 Unq Blue Phoenix 40's 4,150167 words
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Article309 1984-10-27 4 SINGAPORE The market closed slightly higher with November One RSS buyers quoted at 177.00 cents per kg, up 0.25 cent from Thursday. The morning session finished steady at Thursday night's close after a gain of 0.75 cent in the early dealings. In the early afternoon, prices held steady until309 words
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Article81 1984-10-27 4 THE Kuala Lam par Tin Market (KLTM) price held at the International Tin Agreement fleerlevel of M 521.15 per kg en ceatlnolng shortage of demand. The buffer stock manager was again the sole buyer, as Knala Lumpur's premium over the spot price in London remained at £2sl per81 words
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Article164 1984-10-27 4 PRICES on the Malaysian crude palm oil market closed firmer on covering and renewed buying interest yesterday in line with the rise in palm oil futures. Sentiment was aided by a higher Chicago soybean complex close and Pakistan's purchase of RBD palm oil on Thursday. October and November164 words
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Article355 1984-10-27 4 RAS prices (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS prompt 175 00 ***** 175 00 176 00N Int 1 RSS Nov 176 75 177 25 177 00 177 50 Int 1 RSS Dec 179 75 180 25 180 00355 words
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Article110 1984-10-27 4 (cents/kg, 1-ton pallets) November December (current mth) (forword mth) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 172 50 I74 50N 173 50 175 50N SSR 50 170 50 172 SON 171 50 173 SON MRELB Buyers Sellers Buyers Sellers SMR CV 202 50 204 SON110 words
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Article66 1984-10-27 4 SOYBEAN FUTURES on the Chicago Board of Trade closed on a firm note, up 10'4 to five US-cents per bushel on Thursday, with November posting a nine-cent range on the day. Soyproduct futures closed mostly higher in moderately light trade. Soyoil ended mixed, ranging from up 0.57 cent per66 words
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Article79 1984-10-27 4 WHEAT FUTURES on the Chicago Board of Trade remained under pressure on Thursday, closing 1 1 j cents to one US-cent per bushel lower. December was held to a narrow three-cent range on the day. Fraizier Parrott was the best seller of December on the day, with buyers scattered79 words
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Article851 1984-10-27 4 COFFEE Robusta futures traded quietly in a narrow range in featureless conditions up to midday yesterday with gains of £9 to £5 a tonne from Thursday's close. Most traded January ended the morning session at £2,334, up £6 from Thursday's close, and November was £7 higher at £2,517.851 words
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BANKING AND FINANCE
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332 1984-10-27 5 Bernama VENTURE capital companies cannot claim themselves to be truly and sincerely Islamic simply because they practise profitsharing in their investment activities. The managing director of Bank Islam Malaysia Bhd, Dr Abdul Halim Ismail said: "You have to be totally clean from interestBernama - 332 words
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117 1984-10-27 5 Reuter THE INDEPENDENT Bankers Association of America (IBAA) has called on Comptroller of Currency Todd Conover to resign. In a statement issued on Friday, the IBAA said: "The Comptroller has shown his contempt for Congress by actively advocating and promoting the spread ofReuter - 117 words
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368 1984-10-27 5 Reuter AN AGREEMENT has been reached on a revised refinancing scheme involving Charter Consolidated PLC and other shareholders of Johnson Matthey PLC (JM). JM says an agreement has been reached with Charter and a group of previously dissenting institutions which will give allReuter - 368 words
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369 1984-10-27 5 Reuter JAPAN'S long-term credit banks has decided to cut their long-term prime rate to 7.6 per cent from 7.9 per cent, effective from Monday. Banking sources say the 0.3 percentage point cut will be announced officially this morning. Spokesmen for long-termReuter - 369 words
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Article217 1984-10-27 5 UPI THE US government borrowed U*****.3 billion more than it collected in taxes and other revenues in fiscal year 1964, a slightly higher deficit than the White House predicted, the Treasury Department said on Thursday. The government spent $841.8 billion, 5.8 per cent more than lastUPI - 217 words
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237 1984-10-27 5 Reuter PHILIPPINES Prime Minister Cesar Virata says the government will start talks next week with its 483 creditor banks and official development institutions under the Paris Club for restructuring its debt and for fresh loans. Mr Virata, who arrived from Washington on WednesdayReuter - 237 words
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190 1984-10-27 5 UPI THE PHILIPPINES' international reserves, which plunged in the aftermath of the assassination erf opposition leader Benigno Aquino, have reached their lowest level in 12 years, a business daily reported. Quoting a central bank statement, Business Day said international reserves at the end of SeptemberUPI - 190 words
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193 1984-10-27 5 Reuter THE US will issue more securities targeted at foreign investors following Wednesday's successful sale of US$l billion special four-year notes. Treasury Under-Secretary Beryl Sprinkel said: "We plan to do that (again) in moderate amounts in the future." Mr Sprinkel said demandReuter - 193 words
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MONEY AND EXCHANGES
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Article, Illustration800 1984-10-27 5 SINGAPORE: The US dollar lost some of its early gains yesterday against most major currencies in moderate late trading, but still closed higher on balance compared with New York's levels. It fell to 3.0280/90 marks from the day's high of 3.0375, but was still higher than New York's800 words
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Article199 1984-10-27 5 Interbank rates at 3pm quoted yeet lerday c dmnge Local dollars to on* umt of tor—90 currency: US dollar Starling pound Australian doftor NZ dolor Canodkm dolor 2.1620 2.6354 1.8322 1 0572 1.6434 2.1630 2 6388 1 8342 1.0598 1.6448 2.8196 7 3469 3.4286 3 4286 ***** -23199 words
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Article53 1984-10-27 5 RESULTS erf tender held yesterday for 91-day Treasury bills to be issued on Oct 26 and from Oct 29 to Nov 2. Offered: 1110,000,000. Applied far: $146,500,000. Allotted: $110,000,000. Accepted kids: $99.25 approximately 75 per cent; higher bids in full. Average rale d diaceant on aUetmeat: 3.010 per53 words
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Article68 1984-10-27 5 THE OVERNIGHT rate remained unchanged from Thursday's close of 6 per cent on the Singapore interbank money market yesterday. One month maturities rose by 1/4-point, two month fell by 5/16-point and three-month fell by 3/ 16-point. S$ interbank rates at 3pm yesterday Offer Bid Overnight 6 5 7/868 words
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Article223 1984-10-27 5 ASIAN DOLLAR deposits eased slightly in thin late trading yesterday on some lending interest, but the market still closed higher on balance compared with Thursday's levels. us$ Offer Bid 7 days 911/16 9 9/16 1 month 913/16 9 11/16 2 months 915/16 913/16 3 months 10 5/16223 words
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Article316 1984-10-27 5 BA Futures Inc EURODOLLAR futures took a severe beating at the opening yesterday with strong selling pressure from profit-taking and long liquidation which was a continuing trend from CME's close. December Eurodollar opended at 89.43, 10 ticks lower than CME's close. The downward gap prompted more sellers and theBA Futures Inc - 316 words
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Article210 1984-10-27 5 HONGKONG The metal closed higher yesterday as the US dollar weakened on speculation of Bundesbank intervention at the opening of European foreign exchanges. It ended at the day's high of U*****.40/80 an ounce against an initial $337.60/338.10 and New York's $337.25/75 close. On the local market, gold finished HK$l3210 words
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Page 5 Advertisements
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Advertisement142 1984-10-27 5 Gil BRING YOUR FAMILY ALONG enjoy the TRADITIONAL CANTONESE CUISINE specially prepared by our expert chefs Specially decorated P rooms available First Class service parking problems Lunch time special (11 am 3pm) Famous Yick Sang Noodles Almond Soya Bean Drink. Curd Business Hours Lanch II am-3pm Dinner 6 30pm- 11142 words
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FEATURES
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Article421 1984-10-27 6 IT HAPPENED when local newspapers featured leukemia-struck Jonathan Tan. People responded with prayers for his recovery and money for medical treatment. It happened again this week when the Singapore Broadcasting Corporation, in its Wednesday edition of Newswatch, televised a short British Broadcasting Corporation-pro-duced feature421 words
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Article, Illustration803 1984-10-27 6 SUSAN CHIRA - By SUSAN CHIRA NYT AT THE RATE of 200,000 a day, Tokyo shoppers are streaming into the Ginza to stare at two competing visions of the ultimate Japanese department store. And what they see are two competing versions of contemporary Japan. A glass walkway isNYT - 803 words
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Article, Illustration287 1984-10-27 6 IN A WELCOME development, the Economic Development Board's newsletter now now includes a range of local news snippets not directly related to the manufacturing sector. Foreign industrialists, however, will be in for a shock when they scan the latest selection and they are287 words
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Article950 1984-10-27 6 AT CONVENTIONAL WHARVE8 Vessel Berth Agent Arrival Departure KEPPEL WHARVES Bum IK 15/6 Sharp alongside 27.10.84/0700 Cape Antlbes 33/4 St>ore Shpg alongside 27.1034/0600 Donam No 9 25/a NAPL alongside 27.1034/1900 Equator V 22 Thong Soon alongside 27.1034/0700 Johneverett 18 Everett alongside 27.1034/1800 Lampung 45 Heap Seng alongside950 words
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Page 6 Miscellaneous
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Miscellaneous1116 1984-10-27 6 w sm oiaiiuD HIGHLIGHTS Saturday Night Movie Hollow Image 11.05, Channel 5 Harriet Gittens fought her way out of the ghetto and into the big time. But when she returns to the home she left behind, she is trapped between two worlds. and two men. Home for Harriet used to1,116 words
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TIME-OFF
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Article, Illustration457 1984-10-27 7 ANNA TEO - By ANNA TEO ROMPING through Central Park, or pounding the greens of the Botanic Gardens, map and compass in hand, may not be quite your cup of tea on a Saturday afternoon. For a group of people here however, a little known sport called orienteering presents457 words
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Article, Illustration408 1984-10-27 7 EVEN AT 58, Poul Jacobsen cannot lay claim to the title of being Denmark's oldest competitive orienteer, though he is positively one of the most active. "At our Danish Orienteering Championships a few weeks ago, the winner in the oldest age-group408 words
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SPORTS
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Article, Illustration859 1984-10-27 7 BRIAN MILLER - Papa's Love bringing it home for Allan? By BRIAN MILLER IT WAS a beautiful day for racing. The track at Ipoh had taken some rain the night before but Sunday morning saw the course bathed in sunshine. Terry Lucas, that poker-faced bean-pole of a jockey, had one ride that afternoon859 words
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365 1984-10-27 7 WALTON MORAIS - By WALTON MORAIS UNEASY LIES the head that wears the crown, so the Bard said. Changi Golf Club's Ong Ah Loh couldn't agree more. The eight-handicapper enters this weekend's final two rounds of the club's championship in the unfamiliar role of leader. Which isn't365 words
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248 1984-10-27 7 AP TOP SEEDED Jimmy Connors and Chris Evert Lloyd outlasted the brother-sister team of Pablo and Laura Array a in an 11-minute, 10deuce final game in Houston, en route to a 7-5, 6-4 victory in the US$4OO,OOO world mixed doubles championships onAP - 248 words
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Page 7 Miscellaneous
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Miscellaneous1083 1984-10-27 7 aiaara !>J CONCERTS Tonight, the SSO features Russian pianist Alexander Melnikov, who was a pupil at the Central Music School in Russia. Later he studied at the famed Moscow State Conservatoire. Victoria Concert Hall, 8.15 pm. Tickets. $4, $7, $10 and 15. Ensemble De Guitares De Paris conducted by Mark1,083 words
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INTERNATIONAL STOCKS
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189 1984-10-27 8 Reuter CATERPILLAR Tractor Co plans to introduce about 50 new or improved products on an average of one each month over the next five years, says chairman L L Morgan. He told analysts new products have provided historically about one-third of the company's salesReuter - 189 words
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147 1984-10-27 8 Reuter BAT Industries PLC has applied for a listing of its shares in Switzerland effective some time in November, in an attempt to broaden shareholder participation beyond the UK. Chairman Patrick Sheehy told bankers and analysts after the share began listing in FrankfurtReuter - 147 words
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Article99 1984-10-27 8 Reuter MOBIL Corp has blamed its lower third-quarter earnings mainly on a US$l63 million decline in its worldwide refining and marketing operations. Earlier, the company reported third-quarter earnings of $238 million, compared with $404 million last year. Worldwide marketing and refining results were severly affected by anReuter - 99 words
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299 1984-10-27 8 Reuter WEAKNESS in the price of technology issues undermined an already fragile stock market and caused Wall Street on Thursday to suffer its third loss of the week. The Dow Jones Industrial Average declined by 5.41 to 1211.02. Losing issues led gainers 943 toReuter - 299 words
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Article125 1984-10-27 8 OCT 25 Abrttx c$ 29 Imp CM hrtco 42* 13* 31* Akon 36* 21 AJgomo 20* Intl N»ckH Bonk Moot 24* Kerr Add 15* Bonk Novo Scotia Bdl T*4 12* 34 unch V* Lototow B 18* 3600 BP Can Ltd 27* 25* 32H 16* 27* 55* Can Ptm Mg125 words
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Article221 1984-10-27 8 OCT 25 A Alpha Rond INDUSTRIALS 8006 Un SteH Un»«c Wodworth 101 425 1400 inch unch unch Abarcom AE And a 140 825 10 25 inch unch 4-5 MININGS 2390 40 2615 Angfvool 1050 Btyyoon 1790 20 1870 10 Buff eh 8010 -15 480 Com Gold 1075 FHrnn Con*221 words
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Article695 1984-10-27 8 oct as USJ ACF hdmfTie* Akon AJurrwi 27* Alcoa 34* Aiegheny Lud 23* Afced Chem Cp 34* AWd Store* 53 AJh-Chaimen 7* Am Brondi he 63* Am Broadcast 63 Am Can Co 49* unch Am Cyanamd 49* Am Elee C«t 20* inch Am Expreu 36* -1 Am Home695 words
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Article933 1984-10-27 8 L_ Amsterdam OCT 25 Fh ABN 347 00 +0 5 134 50 +1 AhoW 190 10 *1 104 74 1 34 AMEV 190 50 +1.3 Amfos 67 20 -0 1 42 30 -0 3 Boh ***** 05 Borvjmi, 270 00 -3 5 Burf«t 69 50 +1 5 32933 words
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Page 8 Advertisements
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Advertisement148 1984-10-27 8 Wberc w wim. atia* and entertain ir The Tea Garden presents TheßestofTheFests 4th-28th October We've vut the clock back to britt lar dishes > most fabulous Asian fesiiva ft From Indonesia, Gado Gado—surely the imaginative of names. Frtmi India, Chicken Tandoori W easily the most colourful of courses. s. From148 words
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Advertisement157 1984-10-27 8 Spectacular Double Bill Cedric Debbie Kathy Los Amors ;>3ouble excitement hits ROBIN S TAVERN Two popular groups entertain from 5.15 p.m. onwards. A single group performs on Sundays and Mondays. 25% discount ''IfA on all drinks. Offers are valid during yjllL^pi Happy Hours 4.00 7.00pm only. HOTEL ASIA Your Mand157 words
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Advertisement147 1984-10-27 8 The President Lounge r h *j% r /:vJ: 7 «r. ftwi TV Nightingales, a captivating al-pri band from Taiwan will sing your favourite numbers while you unwind after a hard day's work with a favourite drink Relax with The Nightingale* and TT* New Sensations our throbbing resident band Daih President's147 words
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Advertisement127 1984-10-27 8 =3 MEMBERSHIP FEE Single $15.00 per month Couple $25.00 per month Family $30.00 per month Group/ Company Negotiable ENTITLEMENTS: Exclusive use of the Swimming Pool on 3rd Floor of the Hotel from 8:00 a.m. to 9:00 p.m. 10% Discount on all meals in Cafe De Grand. 10% Discount on all127 words
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Advertisement148 1984-10-27 8 London stocks, Pago 11 v xi A 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. Happy Hours: spm—7pm, 29% off on ai drink*.148 words
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ASIAN STOCKS
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Article428 1984-10-27 9 HONGKONG: Share prices closed steady yesterday on a bout of late buying based on speculation that interest rates will be reduced by the Hongkong Association of Banks tbday. Brokers noted prices wavering on overseas fund buying and local institutional selling in the morning session. Small investors mostly stayed on428 words
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Article226 1984-10-27 9 OCT 26 NT Chem Indus 1850 -0 2 L ten Hwa Irxfcjs 13 30 -0 05 7 70 -0 1 Nan Yo Plos 30 30 0 1 Asio Cement 25 60 0 1 Pacific Cons 25 70 unch Coltwjy Coos 2620 unch Pacific Elect 1830 -0 1 54 00226 words
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Article244 1984-10-27 9 TOKYO: The report was unavailable yesterday. OCT 26 Aprtomoto Ml Ym 1080 518 1190 unch -6 -20 Mitsubishi Mitsui Co Mitsui Shipbldg Mitsui Smelting 511 322 144 524 350 -4 1 unch 39 5 As ah* Chem Asahi Glass Bank Tk 576 838 475 600 -3 2 -1 19244 words
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Article58 1984-10-27 9 Oct 26 Won 457 Hyundai Corp Hyundai Motor KAL 925 620 510 710 -10 unch +2 627 unch 1190 662 +2 410 -2 565 +2 785 -7 477 +2 722 636 -13 860 670 11 1190 -60 Gold Stor 725 5 599 -1 HomJ Bk 740 -4 951 -2458 words
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Article412 1984-10-27 9 SYDNEY: Share markets closed firmer yesterday with industrial issues attracting support on speculation about improved performance on Wall Street. The All Ordinaries Index was up 1.8 at 750.6, the All Industrials 2.9 at 1,097.2 and the All Resources one at 483.1. Resource issues came under pressure early in the412 words
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Article166 1984-10-27 9 BANGKOK: Stock prices closed lower in weak trading yesterday with investors on the sidelines. The Book Club Index fell 0.02 point to 119.91. Turnover dropped to 93,008 shares from Thursday's 200,666. Maboonkhrong, Bangkok Bank and Siam Cement finished steady at 102.50, 212 and 427 baht respectively. Siam Citizens lost166 words
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Article134 1984-10-27 9 MANILA: Shares prices closed firm in dull trading yesterday. The Commercial and Industrial Index firmed 3.17 to 119.72 and the Mining marker 1.86 to 828.65 while Oils remained unchanged at 0.583. PLDT rose to 40.50 from 39.50, First Phil Holdings from 1.20 to 1.16 and Philexß to 0.11 from134 words
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Article51 1984-10-27 9 Reuter INDUSTRIAL Equity (Pacific), a Hongkong-based investment concern, told the Securities and Exchange Commission it acquired a 7.3 per cent stake in Northwestern States Portland Cement Co. Industrial Equity acquired the stake when Equity Research sold its majority interest in Pacific Cement Investors to Industrial Equity.Reuter - 51 words
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268 1984-10-27 9 Reuter HITACHI has forecast parent company profit after tax of a record 101 billion yen in the year ending next March 31 on sales of a record 3,040 billion yen. The general manager of Hitachi's accounting controls department, Hiroshi Morita, says the forecastsReuter - 268 words
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144 1984-10-27 9 AFP A LEADING Japanese electromechanical component maker, Alps Electric, is to set up a plant for videotape recorder parts in Britain. The factory, which is to be built on a 43,000-square-metre site in Milton Keynes, about 80 kilometresAFP - 144 words
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231 1984-10-27 9 Reuter NICHOLAS Kiwi says Consolidated Foods Corp (CFC) will advise it by next Monday if CFC proposes any revision of the terms of its offer for Nicholas Kiwi's foreign assets. CFC has told the Nicholas Kiwi board it intends to review the termsReuter - 231 words
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Article96 1984-10-27 9 FT TOYOTA has scrapped plans to set up a US$265 million joint venture car plant in Taiwan, says Hideo Kamio, executive vicepresident of Toyota. After four years of discussions about a 300,000-cars-a-year plant, it had not been possible to reach agreement. Toyota also clarified Mr Kamio'sFT - 96 words
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Page 9 Advertisements
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Advertisement521 1984-10-27 9 Wbere io wim. i! and «<«c<uuu if I y Paramount Hotel wr>*rt m» hmopv P»oo— =1 COME on a gourmet adventure beneath M the starlit sky 4 gteamboat hvcr\ SunddN b pm to I 1 pm A > v '> »r For two For tour For mx S2M $>S6 5>«S521 words
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Advertisement103 1984-10-27 9 tfiifflj 1 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 Munriri. moHki_ 19 Cairnhill Circle Singapore 0922 Tel: *****98,103 words
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SHARE INFORMATION
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Article, Illustration4159 1984-10-27 10 SHARE prices on the Singapore stock market fell sharply yesterday, bringing the Straits Times Industrial Index to a 19month low. The ST Index fell by a hefty 11.77 points to close at 853.48 while the BT Composite Index closed at 758.11, down 9.334,159 words
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Article254 1984-10-27 10 SINGAPORE Rises Indices M CoMot 450 20 Oct 25 Oct 26 M F HUf* 50* 230 12 ST 767.44 756.11 m t p 440 +6 ST IwdBcato* *****SS 2346*74 M6F Corp S0« M CoMo* 235 +6 ■T Oft/OS -66 -146 ISO +5 ST liidxtmli 865.2S 153 48254 words
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Article447 1984-10-27 10 THE Kuala Lumpur stock market drifted through another boring session yesterday with share prices closing lower across the board. In the absence of any positive leads, investors continued to adopt a wait-and-see attitude and remain on the sidelines. Turnover improved slightly to 4.56 million units447 words
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Article3357 1984-10-27 10 BID and offer prices officially luted and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 unit* unless otherwise specified. All Time SetUement Contracts are quoted after the word "SETT".3,357 words
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Page 10 Advertisements
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Advertisement5 1984-10-27 10 BuiiiwMdom onttwKLSE Sm page 115 words
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COMPANY NEWS
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Article, Illustration612 1984-10-27 11 CHART P 111 IN T HOCK LOCK SIEW INSTEAD of reviewing a stock situation this week, this columnist has decided to speak to visiting technical analyst Robert Fischer and invite him to make a reading of the local stock market's future trend using his mostHOCK LOCK SIEW - 612 words
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Article97 1984-10-27 11 HONGKONG Australian Industrials Fridayi 1097.2 Hong Seng Index Thursday 1094.3 Week ago lOy) .3 Friday 1056.84 Thursday 1054.71 NEW YORK Week ago 1031.80 Dow Jones TOKYO Thursday 1211.02 Wednesday 1216.43 Tokyo Dow Jones Week ago 1225 38 Friday *****.02 Standard and Poors Thursday *****.52 Thursday 166.31 Week ago97 words
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Article231 1984-10-27 11 Managers' prices Second B'putro Third B'putro Fourth B'putro 499 4 16 451 504 421 456 for Oct 27 29 Singapore Unit Trust Fifth B'putro Sixth B'putro 308 297 3 13 302 The Commerce 2.63 2 79 Seventh B'putro (A) 2 10 2 15 The Savings Fund 1.76 1.87231 words
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Article971 1984-10-27 11 THE MARKET yesterday ended the account mixed in featureless trading, dealers said. The FTSE 100 Index at 2.30pm was down 2.7 at 1,127.4 while the 2pm FT 30 Index rose 0.2 to 870.2. Glaxo added 10 points at 995. It plans to launch its "zantac" ulcer drug in971 words
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307 1984-10-27 11 TRADING in the shares of Times Publishing Bhd, the Straits Times Press (1975) Ltd and Singapore News Publications Ltd, which was suspended since July 12, should resume on Monday. Shareholders of the respective companies are meeting this morning to approve the proposed merger scheme.307 words
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512 1984-10-27 11 AMY CHEOK - By AMY CHEOK LATEST market entrant Lim Kah Ngam Ltd will have to more than double its first-half profits for the rest of the year, if the 1984 earnings forecast made during the company's public share offer is to be met. LKN, the fourth512 words
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471 1984-10-27 11 TAIPING Consolidated Bhd, under new management, has disclosed plans to develop its estate land in the Pajam district in Negri Sembilan into a mini-township. Chairman Datuk Mohamed Isa bin Datuk Haji Abdul Samad said the board of Taiping Con had already471 words
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Article2329 1984-10-27 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 Acmo (2 925) Alcorn (I 448 I 455) (I)2,329 words
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Article160 1984-10-27 11 GENERAL Seenritiet Investments Ltd announced that the unaudited group net tangible asset backing per share as at Sep 30 stood at $1.92. LION Cnrp BM has announced that the closing date and time for the unconditional offer by Trillionvest Sdn Bhd to acquire the remaining 4,625 shares in160 words
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Article23 1984-10-27 11 SELANGOB CMwnte Berhid: 69th AGM on Nov 27 at 10.45am in Wisma Boustead, 4th Floor, 71 Jalan Raja Chulan, Kuala Lumpur.23 words
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406 1984-10-27 12 JOANNE YAP - By JOANNE YAP YET ANOTHER computer company is considering Singapore as a base for the design of integrated circuits and research and development activities. Apollo Computer Incorporated, a company new to the local computer scene, is also in the process of deciding whether406 words
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Article, Illustration73 1984-10-27 12 ASIAN beauties posing for photographers in front of a huge Buddha image as they tour the city of Kamakura, Japan yesterday. The contestants will vie in Miss International pageant in Tokyo on Tuesday. From left are: Jennifer Yong, Malaysia; Pranee Meawnuam, Thailand; Mary Kendiola, N Marianas;UPI photo - 73 words
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164 1984-10-27 12 UPI THE "ASSESSMENT Office, which is monitoring public reaction in Hongkong to the plan to restore Chinese rule to the crown colony, will publish its findings by November, British Foreign Secretary Sir Geoffrey Howe told Parliament on Thursday. The deal was signed inUPI - 164 words
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Article141 1984-10-27 12 Bernama MALAYSIA recorded a trade surplus of M 52.785 billion for the first seven months of this year, according to the Malaysian Statistics Department. This is a vast improvement over the $285.9 million surplus recorded in the previous corresponding period. For the month ofBernama - 141 words
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323 1984-10-27 12 THE STICK will soon come down very hard on Singaporeans harbouring illegal immigrants as well as on foreigners entering Singapore illegally and for overstaying. In the Immigration (Amendment) Bill tabled before Parliament last week, those found guilty of harbouring illegal immigrants323 words
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397 1984-10-27 12 LIM SOON NEO - By LIM SOON NEO SINGAPORE Airlines is still trying to resolve its dispute with Air Lanka, but has started making alternative arrangements in case it is no longer allowed to fly to Colombo. "We're making alternative arrangements in case everything comes to a standstill.397 words
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416 1984-10-27 12 LEE KIM TAH (Pte) Ltd, the construction arm of listed Lee Kim Tah Holdings, beat 16 local and foreign companies to clinch a $75.6 million Housing Board contract using industralised methods. The company's bid for the design and building of 24 apartment blocks416 words
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Article, Illustration585 1984-10-27 12 RICHARD SEAH - By RICHARD SEAH THE COMPANY which sells some of the most expensive watches in town has moved into the cheaper market among "friends". But Transmarco had to stop its new marketing strategy after two weeks when at least two of its watches585 words
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Article73 1984-10-27 12 Reuter THE Hongkong government is offering for sale two prime sites in South Kowloon, the first since the initialling of the SinoBritish agreement on Hongkong's future. The first site, on the waterfront, is 2.44 hectares, including 9,000 square metres of seabed, and isReuter - 73 words
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Article68 1984-10-27 12 WALL STREET stock prices were lower yesterday in early trading as the market continued a week-long correction. The Dow Jones Industrial Average, off s'/2 points on Thursday, was off another 6'/2 to near 1204 early yesterday. Overall, losers held a three to one lead over gainers. Volume68 words
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LATE FILE
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33 1984-10-27 12 Reuter BOLIVIAN President Hernan Siles Zuazo has begun a hunger strike for national unity after coming under fire in parliament for an alleged link with drug traffickers. ReuterReuter - 33 words
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Article53 1984-10-27 12 Reuter SECURITY has been tightened in New Delhi after at least 26 people were injured in a new outbreak of Sikh extremist bomb attacks on Thursday night. Police said 23 people were injured when a hand grenade exploded in the crowded foyer of a west NewReuter - 53 words
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Article49 1984-10-27 12 AFP PHILIP Jenninger, Secretary of State at Bonn's Chancellery, has been chosen by the ruling coalition to succeed Rainer Barzel as the Speaker of Parliament. Mr Barzel, implicated in the flick politico-corrup-tion scandal, resigned on Thursday. The new Speaker will be elected on Nov 5.AFP - 49 words
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Article55 1984-10-27 12 AP OPPOSITION mounted yesterday to using any existing tribunal to try Armed Forces chief Fabian Ver, a close ally of President Marcos. General Ver has been accused of having a hand in the assassination of opposition leader Benigno Aquino, and critics are questioning the impartialityAP - 55 words
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58 1984-10-27 12 Reuter JAPAN has turned down a Soviet suggestion for a goodneighbour treaty yesterday and said Moscow should first talk about handing back islands taken from Japan after World War n. The suggestion was made during a meeting between Foreign Minister Shintaro Abe and Dinmukhamed AkhmedovichReuter - 58 words
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Page 12 Advertisements
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Advertisement540 1984-10-27 12 •sm •> < r Touche Ross Darmawan £r Co and 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 daily PROGRAMME CONFERENCE CHAIRMAN. Drs Budi540 words
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Page 12 Miscellaneous
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Miscellaneous54 1984-10-27 12 wMim Outlook for todoy: Cloudy with passing showers in the eorly morning. Report for 24 hours prior to 7.30pm on Oct 26 at the airport: Maximum temperature 32.9 Associated humidity 60 Minimum temperature 25.5 Associated humidity 87 Hours of sunshine 5.70 Roinfoll in millimetres Nil Rainfall this month 92.0 Roiny54 words
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