The Business Times, 10 November 1984

Microfilm: NL14854
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, NOVEMBER 11, 1984 60 CENTS
    12 words
  • Article
    Tokyo Electric may pick Singapore for venture
    355 1  -  By FOO CHOY PENG TOKYO ELECTRIC is scouting around for a place to invest $50 million in its first overseas subsidiary and Singapore is a strong contender. The company, listed on the Tokyo Stock Exchange since November 1962, is believed to be completing
    355 words
  • Article
    Another snag for Nikko
    617 1  -  JAL Development terminates management contract with Harapan By AMY CHEOK FOLLOWING repeated delays in opening, the Harapan group's Hotel Nikko has been left without a management. Japan Air Lines Development Company (JDC) has told the owners that it has terminated its contract to manage the dark
    617 words
  • Article
    SIA criticises Colombo's negative attitude
    484 1  -  By LOH HUI YIN SINGAPORE Airlines has criticised the Sri Lankan government for its negative attitude in the dispute between SIA and Air Lanka. But it also held out an olive branch to Sri Lanka, reminding Colombo that it stood to benefit from a settlement
    484 words
  • Article
    National Exhibition opens on Friday
    146 1 THE NATIONAL Exhibition, the grand finale to Singapore's 25 years of nation-building celebrations, will be open to the public between 10am and 10pm daily from Nov 16 to Dec 16. Admission to the exhibition at the World Trade Centre is free. But a ticketing system
    146 words
  • Article
    Lock icon HK to stop recruiting expatriates for top civil service positions
    207 1 AFP THE HONGKONG government yesterday said it would stop recruiting expatriates for top civil service posts from next summer as part of its bid to promote local Chinese in preparation for the territory's return to Chinese sovereignty in 1997. But
    AFP  -  207 words
  • Article, Illustration
    STOCK MARKET
    61 1 MARKET sentiments remained bad yesterday as share prices fell, bringing the Straits Times Index to a more than 29-msnth lew. In the current depressed situation, many people are actually hoping for a quick sell-out to get the agony over with. The BT Compssite Index shed 1.C2 points to
    61 words
  • Article
    UOB and OUB cut prime
    550 1  -  BY ALVIN TAY TWO OF THE Big Four local banks will lower their prime lending rates for the second time in a fortnight and another major finance company has cut its housing loan rates. The United Overseas Bank and Overseas Union Bank said they will
    550 words
  • Article, Illustration
    Major reshuffle at DBS Bank
    462 1  -  By SOH TIANG KENG, Banking Correspondent A TOP-LEVEL management reshuffle will soon take place in DBS Bank, Singapore's largest local bank. Its president, Mr Chua Kim Yeow, 57, will move up to the newly-created post of executive vice-chairman while Mr Patrick Yeoh, 45, executive vice-presi-dent,
    462 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      73 1 MEMC ASIA 85 Sponsor SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention Organiser: ©INTERFAMA PTE LTD Tel *****12 S$ FIXED DEPOSITS We offer you one of the highest interest rates 7 7 p.a. 2 months |H P>3. SAVINGS ACCOUNT 1 /4? /o p.a. Rates are subject
      73 words
    • Advertisement
      Page 1 Advertisements Column 2
      258 1 THE PROPOSED Hongkong OMR VIEW COMPANY NEWS Futures Exchange (HKFE), V/UH YlCww nnwino u w di r> aa scheduled to open in the TWO QUESTIONS were left unanswered following National bonker j hoveooreed in first quarter of next year, is Development Minister Teh Cheang Wan's brood hint that more 0
      258 words
    • Advertisement
      Page 1 Advertisements Column 3
      12 1 Full report, Pag* 10 Asian stock*, Paga 9 Intaroational stocks, Paga 8
      12 words
    • Advertisement
      Page 1 Advertisements Column 4
      171 1 MEDIC ASIA '85 S E Asia s 4th Int I Medical, Hospital Dental Equipment Technology Exhibition Conference 18th 21st April 1985 Dynasty/Hyatt Hotels Singapore Organiser INTERFAMA PTE LTD Tel *****12 TRAVELLING IN ASIA? When business or pleasure takes you travelling, your CLARK HATCH membership entitles you to full use of
      171 words
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  • HOME NEWS
    • Article
      Simex not threatened by Hongkong exchange
      609 2  -  Objectives of colony's futures industry different from Singapore's By AMY BALAN THE PROPOSED Hongkong Futures Exchange (HKFE), scheduled to open in the first quarter of next year, is unlikely to pose a threat to Singapore's financial futures industry. Hongkong's intention is to start with
      609 words
    • Article, Illustration
      Extension of $8m for Chinatown Complex
      282 2  -  By LEE HAN SHIH THE HOUSING and Development Board is going Chinese in Chinatown. It is building an $8 million extension to its Chinatown Complex, using an architectural design that will blend with the old buildings in the area. A board spokesman said features
      282 words
    • Article
      The crucial first step for the aspiring enterpreneur
      207 2 THE FIRST STEP is always the hardest. This also applies to any aspiring entrepreneur faced with the choice of striking out on his own or remaining in the security of his present job. Speaking at a Singapore Jaycees seminar last night on
      207 words
    • Article
      Witness says she prepared 79 false trading statements
      470 2 MISS SYLVIA Leung Yuk Yu, 29, a former accounting manageress in Hongkong-based Broadview Finance Ltd, yesterday testified how she worked through the night to prepare a total of 79 false trading statements for a 15-month period between two companies. In evidence adduced
      470 words
    • Article
      Women will not take middle management positions by storm, says consultant
      498 2 WILL WOMEN take middle management positions by storm? An emphatic "NO" was given by a woman with over 20 years' business experience in Asean countries. Mrs Peflita Tiro, an accountant by training, is the director and joint chief executive
      498 words
    • Article
      More police posts in neighbourhoods
      343 2 TWELVE more Neighbourhood Police Posts (NPP) will be establshed in 12 constituencies in the "J" and "F" Divisions from the first of next month. This is the first phase of a plan to use the NPP system nationwide. "We have thus embarked upon a new
      343 words
    • Article
      Ten local electronics companies to take part in German fair
      385 2  -  By BOEY KIT YIN TEN ELECTRONICS companies from Singapore will take part in Electronica '84 in West Germany for the first time. Locally-made components such as liquid crystal displays, light emitting diode displays, cables and wires for telecommunications and printed
      385 words
    • Article, Illustration
      GSI gets Palette drafting system
      206 2 THE GERMAN-SINGAPORE Institute (GSI) received a free $80,000 computer-aided drafting and design system yesterday from Palette Systems, a US company. The software package, called Palette system, will expand GSl's CAD/CAM training facilities. Currently GSl's CAD/CAM courses are conducted in conjunction with the Computervision Economic Development
      206 words
    • Article
      Ecko enters into venture to tap Asean market
      152 2 PAN-ELECTRIC's kitchen furniture making subsidiary, Ecko, has teamed ap with Scandinavian Kitchens (SK) to exploit the Asean market. The $3 million venture, Scankit Furniture, Is ewaed by PanElectric Industries Ltd, SK and Elga Services Pte Ltd. lie Scandinavian company exports designed kitchens
      152 words
    • Article
      Agfa sets up training centre
      179 2 AGFA-GEVAERT, the BelgianGerman film, photographic equipment, tape and office systems group, has opened a training and information centre in Singapore. The centre, set up at a cost of less than $1 million, will train staff of distributors, agents or subsidiaries in the Asean countries in
      179 words
    • Article
      MEMO-PAD
      225 2 Seminars and courses DURATION TITLE VENUE ORGANISER Nov 11 Nov 12 Nov 12 Nov 12-14 Nov ft-15 Nov 12-16 Nov 12-16 Nov 12-17 Nov 13 Nov 13-15 Nov 13-15 Idea Action Resources Wage And Salary Administration Principles Practice Of Public Relations Senior Executive's Systems Seminar Corporate And Long Range
      225 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Manila Supreme Court surprised by decree
      763 3 AP JUSTICE MINISTER Estelito Mendoza has caught the Philippine Supreme Court by surprise by revealing a presidential decree that would legalise the civilian court trial of military officers named in the Benigno Aquino assassination case. The court was hearing a lawyers' petition that questioned
      AP  -  763 words
    • Article
      Lock icon US trade deficit hits record high in third quarter this year
      542 3 Reuter THE US MERCHANDISE trade deficit widened to U5533.3 billion in the third quarter, and the country is headed for its worst trade year in history. Commerce Secretary Malcolm Baldrige said yesterday the strong dollar had hurt US exports
      Reuter  -  542 words
    • Article
      Lock icon Nicaragua appeals for urgent UN meeting
      179 3 AFP NICARAGUA asked on Thursday night for an urgent United Nations Security Council meeting to consider "escalating US aggression" against this Central American country. Foreign Minister Miguel D'Escoto announced the appeal to the UN amid mounting tension in Managua over what the leftist government
      AFP  -  179 words
    • Article, Illustration
      Lock icon Shultz shows Chernenko he means business
      139 3 UPI US SECRETARY of State George Shultz has called on Soviet President Konstantin Chernenko to show he is serious about improving relations with the United States by acting on an American arms verification proposal. Shultz, in an interview published on Thursday in the Washington
      UPI  -  139 words
    • Article
      Lock icon East and West disagree at UN over role of the media
      352 3 AP TWO SOVIET bloc representatives to the United Nations have accused the West of monopolising world information and using it to conduct "psychological war" against Socialist countries. The US, in turn, argued against "the authoritarian notion... that sees the
      AP  -  352 words
    • Article
      Lock icon Beijing woos overseas Chinese
      179 3 AFP BEIJING has moved to correct past discrimination against skilled overseas Chinese workers in China, promising them free trips and better housing, a pro-Beijing newspaper said in Hongkong yesterday. The report in the Chineselanguage newspaper Wen Wei Po was seen in Hongkong as an an apparent
      AFP  -  179 words
    • Article
      Lock icon Six dead in another Manila hotel fire
      214 3 AP SIX PEOPLE were killed, three of them after leaping out of windows, and 13 others injured early Friday in the third fire in 16 days to hit a Philippine tourist hotel, authorities said. The fire broke out at about lam and raged
      AP  -  214 words
    • Article
      Lock icon Fight against protectionism
      98 3 Reuter WEST GERMAN Chancellor Helmut Kohl said he wants to make the fight against protectionism a top issue at next year's Western economic summit in Bonn. "A country like West Germany, which earns one third of its gross national product on world markets, has a vital interest
      Reuter  -  98 words
    • Article
      Lock icon New Zealand Budget gets mixed reactions
      350 3 AFP PRAISE for a courageous budget and warnings that it could cause severe dislocation in some sectors have greeted the first Budget of David Lange's Labour government in New Zealand. The Budget, announced on Thursday, proposes to extend special state assistance to underpaid families
      AFP  -  350 words
    • Article
      Lock icon Indian inquiry into anti-Sikh charges
      177 3 AFP INDIAN Prime Minister Rajiv Gandhi has directed his ruling Congress Party officials to inquire into the charges of his party activists being involved in the anti-Sikh violence triggered by the slaying of Mrs Indira Gandhi. The Press Trust of India reported that several opposition
      AFP  -  177 words
    • Article, Illustration
      Lock icon Genscher names donor of 6m mark contribution
      263 3 AP WEST GERMAN Foreign Minister Hans-Dietrich Genscher said that a retired department store magnate donated six million deutschemarks to his Free Democratic Party, ending speculation that the money came from the Flick industrial empire. Mr Genscher, the chairman of the Free Democrats, revealed
      AP  -  263 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      761 3 ARRIVALS Operator Service number Local time From FT FT75 0055 JFK/ANC/NRT SIA SQ11 ono LAX/TYO PAA PA5 0155 JFK/SFO/HKG CAL 0333 0250 TPE RA RA40B 0730 BKK/KTM MAS MH681 0820 KUL CV CV796 0845 LUX/AUH KAL KE624 0850 KUL MAS MH603 0905 KUL sv SV378 0920 JED/RUH
      761 words
  • Page 3 Advertisements
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  • RAW MATERIALS
    • Article
      Lock icon Support buying of rubber may be resumed
      398 4 AFP SUPPORT BUYING on the rubber market might be resumed shortly by the buffer stock manager of the International Natural Rubber Organisation (Inro), although world consumption is increasing steadily. London trade sources said Inro five day moving average fell 0.85 Malaysian/Singapore cents to
      AFP  -  398 words
    • Article
      Lock icon World conference on oils and fats technology
      282 4 Bernama PALM OIL Research Institute of Malaysia (Porim) will hold an international conference from Nov 11 to 16 in Ktiala Lumpur on the processing of palm, palm kernel and coconut oils with the cooperation of American Oil Chemists' Society (AOCS). The director-general of
      Bernama  -  282 words
    • Article
      Lock icon Beijing brings in 400,000 tonnes of cabbage
      116 4 Reuter IT IS the week of the cabbage in Beijing, where columns of trucks are involved in a major operation to bring in 400,000 tonnes of the staple vegetable before the first winter frosts. Cabbages are piled up in huge mounds at street
      Reuter  -  116 words
    • Article
      Lock icon Sugar producers lose US$190m because of US import quotas
      308 4 UPI AN OFFICIAL of the Organisation of American States said that Latin American, Caribbean and Asian sugar producers were losing more than US$l9O million a year under current US import quota% Of that total by far the largest loss $130.4 million
      UPI  -  308 words
    • Article
      RUBBER
      450 4 SINGAPORE The market finished the morning session yesterday higher with December One RSS buyers quoted at 175.50 cents per kg, up 1.25 from Thursday. Opening prices were marked up 0.75 cent and thereafter gained further ground on some speculative buying interest in quiet trading. Forwards and physicals were neglected
      450 words
    • Article
      RAS and MRELB
      341 4 RAS prices (in S cents/kilo, FOB in 1 bales) NOON CLOSE Bttytn 5«tton Buyers Sellers Int 1 RSS prompt 172 75 173 75 172 00 173 00N Int 1 RSS Nov 173 75 176 25 174 75 175 25 Int 1 RSS Dec 177 75 178 25
      341 words
    • Article
      SSR and SMR
      111 4 (cents/kg, 1-t«* n pallets) November December (current mth) (forward mth) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 168 50 I7050N 169 50 171 50N SSR 50 166 50 168 50N 167 50 169 50N MRELB Buyers Sellers Buyers Sellers SMR CV 200 00 202 00N
      111 words
    • Article
      KL Tin
      97 4 THE Kub Lumpur Tin Market (KLTM) price remained at M$2t.CT per kg yesterday, still within the International Tin Agreement's lower range of $29.15 and $».M per kgSentiment held steady on continued buffer stock manager baying coo pled with light Japanese and local interest The Kuala Lumpur premium widened
      97 words
    • Article
      WHEAT
      179 4 WHEAT futures on the Chicago Board of Trade closed on a weak note on Thursday, off to IV4 US-cents per bushel in light trade. December was held to a 2*4-cent range on the day. Steady selling in March by two exporters, Cargill Grain and LD Commodities, sparked trade talk
      179 words
    • Article
      SOYBEAN
      185 4 SOYBEAN futures on the Chicago Board of Trade closed on a weak note on Thursday, off 6Vi to 3'/« US-cents per bushel, with January posting only a s'/2 -cent range on the day. A strong US dollar and a lack of upcoming export tenders pressured futures from the opening.
      185 words
    • Article
      LONDON MARKETS
      476 4 COFFEE Robusta futures ended yesterday morning at £2,600, £7 up from Thursday and £5 below the new contract high. Other positions were £16 to £5 higher. The market was expected to open little changed but firmed on weaker sterling against the dollar. Conditions were fairly quiet but nervous
      476 words
    • Article
      Produce exchange
      156 4 Chinese Produce Robusto 20/25% 502 50 Exchange FOB NSW (Sellers' noon closing prices on No* Nutmeg 9 SVlOOkj) 110 FOB NSW 380 00 Coconut oil Bulk Foe B W FOB NSW 281 00 195 00 Gombier 305 00 Old drum FOB 208 00 FOB NSW New drum FOB
      156 words
    • Article
      RICE
      284 4 Singapore A-l speciol C-l speciol C-l Ordinary 187 unq unq (Sf/kilo, e*-god©wn) Loonion 100% Thai white first grade unq 100% 1st class (kangaroo) 100% second grade 100% third grade 230 unq new crop 096 Parboiled 100% 2nd class 070 5% 227 222 100% 3rd class 070 10% 25% new
      284 words
    • Article
      PALM OIL
      125 4 MALAYSIAN crude palm oil prices eased in dull trading yesterday as buyers were reserved at the high levels, with weaker Chicago soyabean futures dampening sentiment, dealers said. November deliveries in the south region fell Mss to $1,237.50 per tonne. The refined palm oil market was also dull on
      125 words
    • Article
      TEXTILES
      167 4 Yarn Hongkong Golden Peak. 60 x 60 115 50 n. HKS ocr bote o* 400 lb White cloth China carded yarn, cones Blue Phoenix I6's 3.150 Japan No. 10,000 Three Peoches 221 50 Blue Phoenix 20's 3,200 Japan No. 2003 Unq Blue Phoenix 32's 3,800 Flying Dragon, per Unq
      167 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      340 4 "By investing a few minutes each day with The Asian Journal, I keep myself well-informed. DAVID K. P. LI, Chief Manager Director of the Bank of East Asia. r 4 wWJ 1 Ihe Asian WaU Street Journal continues to be the only publication that covers the Asian business scene completely
      340 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Ailing JMB to be provided with indemnity cover
      353 5 Reuter AGREEMENT in principle has been reached to provide Johnson Matthey Bankers (JMB) with indemnities to cover its troubled commercial loan portfolio. The Bank of England spokesman declined any further comment, but banking sources say the agreement covers potential indemnities of up
      Reuter  -  353 words
    • Article
      Lock icon Malaysia floats US$600 million Eurobond note
      139 5 Bernama MALAYSIA has raised a US$6OO million loan in the Eurobond market through a floating rate note (FRN) issue. The Finance Ministry, in a statement on Thursday, said the FRN issue had a 25-year maturity period, with option for investors to redeem it at
      Bernama  -  139 words
    • Article
      Gold may hit US$450 to $500 next year
      495 5  -  By AMY BALAN GOLD will surge above US$6OO per ounce by the end of next year if the value of the US dollar falls sharply. A New York gold organisation, painting various economic scenarios, has also predicted that gold is unlikely to
      495 words
    • Article
      Lock icon Bond markets encroaching on bank lending business
      538 5 FT CONFIRMATION of the degree to which world bond markets are poaching business away from traditional commercial bank lenders has come with the publication of new figures on international banking flows by the Bank for International Settlements (BIS). The figures show that international
      FT  -  538 words
    • Article
      Lock icon Substantial rise in reserves seen as new Fed strategy
      265 5 Reuter THE US FEDERAL Reserve is expected to have increased its reserves further on Thursday because of seasonal reasons. But analysts are also willing to read policy implications in the action. On Wednesday, the Fed adctai permanent reserves by offering to
      Reuter  -  265 words
    • Article
      Lock icon International financing on the road to recovery
      431 5 Reuter INTERNATIONAL bank lending and borrowing have started to expand again after a slump in activity last year. A report from the Organisation for Economic Cooperation and Development (OECD) says "a more optimistic mood seems to have been instilled by progress in the
      Reuter  -  431 words
    • Article
      Lock icon New UK bond market will promote competition
      311 5 Reuter THE MAIN effect of proposals for the new UK government bond market will be to increase the number of market makers and promote competition. Banking sources say the proposed stucture will spread the market-making function more evenly and diminish the role of
      Reuter  -  311 words
  • MONEY AND EXCHANGES
    • Article, Illustration
      Forex markets
      665 5 SINGAPORE: The US dollar closed slightly higher against most major currencies in quiet late trading with most operators sidelined ahead of the Veteran's Day holiday in the US on Monday. Jhe dollar rose in the morning on higher US federal fund and Eurodollar deposit rates and thereafter fluctuated
      665 words
    • Article
      Foreign exchange
      228 5 Interbonk rates at 3pm CvmndN NMRM Hi* tiiiJOitwiiiii Local doMors to one unit of foreign currency. US dolor Sterling pound Austrokon dolor NZ dolor Conodion dolor quoted yen •rdey a pemy 2.1450 ***** 1 8479 1 0639 1 6299 2 1460 2 7243 1 8509 1 0665 1
      228 words
    • Article
      Treasury bills
      53 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued on Nov 9 and from Nov 12 to Nov 16. Offered: $90,000,000. Applied for: $259,450,000. AJfotted: $90,000,000. Accepted kids: $99.29 approximately 78 per cent; higher bids in full. Average rate if dfoeaaat m allotment: 2.830 per
      53 words
    • Article
      Chase FRN issues
      90 5 CHASE Manhattan Corp is raising US$4OO million through a 25-year floating rate note issue priced at par and carrying interest at per cent above the three-month London interbank offered rate (Labor), lead manager of Credit Suisse First Boston Ltd said. The sale, which dealers expected on Thursday
      90 words
    • Article
      Money markets
      120 5 THE OVERNIGHT rate rose by 1/4-point from Thursday to close at 71/8 per cent on the Singapore interbank money market yesterday. One and two-month maturities fell by 1/16-point each while three-month remained unchanged. S$ interbank rates at 3pm yesterday Offtf Bid O v e rn.ght 7 1/8 7
      120 words
    • Article
      Asian dollar market
      218 5 ASIAN dollar deposit rates closed little changed yesterday around firmer opening levels in quiet afternoon trading. Period rates firmed between 1/8 and 3/16 point initially on higher Eurodollar deposit rates and thereafter remained unchanged with one, three and six months closing at 9-11/16 9-9/16, 9-7/8 9-3/4 and
      218 words
    • Article
      Lock icon Simex
      339 5 BA Futures Inc DECEMBER EaraMlar futures opended unchaged at 90.02 from CME's close. A wave of selling at the opening pushed prices to a low of 89.96. The initial negative tone was due to signs of firming of interest rates. Interest rates finned up further in the afternoon which
      BA Futures Inc  -  339 words
    • Article
      Gold
      182 5 HONGKONG The metal closed lower yesterday on sporadic US investor selling in the afternoon. It finished at U*****.30/70 an ounce after it opened at $346.85/ 347.25 and was below New York's $347.50/348.00 close. Local gold ended HK$l2 lower than Thursday's close at $3,227 a tael. The krugerrand was $10
      182 words
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  • TIME-OFF
    • Article
      New trends in public housing
      512 6 TWO QUESTIONS were left unanswered following Mr Teh Cheang Wan's broad hint thai more middle-income families would be included in the folds of the Housing and Development Board. The Minister for National Development said that HDB is likely to revise upward the family income ceiling
      512 words
    • Article, Illustration
      Introducing Renault's talking car
      765 6  -  By JEFFREY TSANG A TALKING CAR? What will they think of next! But Renault's latest contender for the executive car market, the R25, is no mere laboratory experiment. For oi? Monday, this premium car will be available to anyone who pays the price. The French manufacturer
      765 words
    • Article, Illustration
      A new incentive to keep at the knee bends
      209 6 WE HAVE it now. To top off the growing aerobics movement here, there is going to be Singapore's first National Aerobics Championships starting in February next year. All that perspiration and agony, so far for the slimming of Self, has been
      209 words
    • Article
      SHIPS IN PORT
      786 6 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Christina Isabel 8/9 Pslmons alongside 10.11.84/2359 Feng Chi 33/4 Yick Fung alongside 10.11.84/2300 Helmut Hermann 35/6 BOR alongside 10.11.84/0600 Myomaywa 6/7 Boustead alongside 10.11.84/0600 Pradtnsk 31/2 Sin Sov alongside 10.11.84/1800 Schwerln 18 Sin Shpg alongside 10.11.84/1830 Straits
      786 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      733 6 W m QMIXKa) C CHANNII 5 12.25 PM SBC Text "Live" Sample Pages 12.55 Openinf and Programme Kghights folowed by Sesame Street 2.00 Smurfs (r) 2.25 Saturday Matinee The Story of W9 Rogers 4.15 3rd Merita Cup Footbal Tournament 5.05 Muziarama (Malay/r) 5.45 The Al New Popeye Show 6.10 Programme
      733 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      459 6 CONCERTS The Royal Uppsala University Chorus or Orphei Drangar, an enormously versatile male choir from Sweden, is giving its last two performances here. Conducted by Eric Ericson, chief choral conductor, the choir will perform with the Singapore Symphony Orchestra. They will present a programme of traditional and contemporary music. This
      459 words
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  • SPORTS
    • Article, Illustration
      Lock icon It's Waltzing Matilda as Sullivan strikes
      628 7  -  By BRIAN MILLER WALTZING MATILDA rang loud and clear at Jackie's Bowl yesterday when big John Sullivan of Australia bowled himself to a possible gold medal in the men's Masters event. Sullivan, resplendent in his green and yellow outfit and complete with his stuffed
      Pictures by JONATHAN CHOO  -  628 words
    • Article, Illustration
      Japan's Kyoko sets the stage for a great final
      567 7 KYOKO YAMAGUCHI doesn't speak a word of English. But she bows a lot, smiles a big smile and packs a mighty wallop when she bowls. Well, yesterday with eight games of the women's Masters completed, this 35-year-old kegler from Kobe sent
      567 words
    • Article
      STRAWS in the Wind
      290 7 THE high-tech age has spawned many wonders, but few can match the amount of buzz words that sprung from nowhere, and are now appearing in everyday language. Apple Computer, the prophet of the small computer age, has invented many new job classifications that may find their
      290 words
    • Article, Illustration
      Ramayah swings his way to a seven-stroke lead
      587 7  -  By WALTON MORAIS IN TENNIS PARLANCE, they call it being in the "zone" the brief state of perfection that a player finds himself in when he simply cannot do wrong. For three days now, Malaysia's M Ramayah seems to have entered that
      587 words
  • Page 7 Advertisements
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      856 7 CRYPTIC PUZZLE ACROSS 9 Be the most intelligent and consider it advisable (5, 4) 10 Step up the advertising (9) 12 He doesn't like to stay at home and do the gardening (4) 13 Attack, in the outset, the airmen (6) 14 The sunken grotto you take a look at
      856 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon AT&T earmarks US$2bn for expansion
      203 8 FT AMERICAN Telephone and Telegraph (AT&T), a US telecommunications group, will spend US$2 billion by the end of the decade on a massive worldwide expansion of its advanced fibreoptic cable network. AT&T says that it will spend about $1 billion next year and in 1986
      FT  -  203 words
    • Article
      Reuters shares
      43 8 REUTERS Holdings PLC shares were introduced to the Frankfurt Stock Exchange on Thursday. The shares were indicated at 10 marks though no turnover was registered. They will be dealt in interbank telephone trading, the third tier of the West German market.
      43 words
    • Article
      Lock icon Stock profits lift Shell's third-quarter results
      87 8 Reuter THIRD-QUARTER results of the Royal Dutch/Shell group increased by £188 million of stock profits but the underlying figures were also above expectations, analysts said. Shell earlier reported third-quarter net income of £978 million, compared with £645 million a year earlier. The underlying re-
      Reuter  -  87 words
    • Article
      Lock icon Occidental to sell subsidiary
      70 8 Reuter OCCIDENTAL Petroleum Corp has agreed to sell its Occidental Geothermal Inc- subsidiary to Santa Fe International Corp for US$35O million. The closing date of the sale is Nov 15. Occidental said $335 million in cash would be paid at closing. An additional $5 million in
      Reuter  -  70 words
    • Article
      Lock icon Wall Street lower in spite of declining rates
      268 8 Reuter SHARE PRICES closed lower on Wall Street on Thursday for the second straight session as profit-taking continued in spite of elation over lower interest rates. The Dow Jones Industrial Average declined by 4.53 points to 1228.69. Losing issues led gainers 762
      Reuter  -  268 words
    • Article
      Toronto
      147 8 NOV 06 A bilibi C$ 28'» unch Hod Boy Mm Imp 04 Into 7 43* 15* unch Atcon Algomo Bonk Moot Bonk Novo Scotio 38* 19* 23*. 12* 1 unch unch Int Uts Inti hfcckel Kefr Add Lobto« B 22 16* 18* unch unch BP Con Ltd 27 30V!
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    • Article
      Johannesburg
      201 8 NOV 08 Hood INDUSTRIALS A Aloha 8006 unch 1026 Urasec Woolworth 420 I400S 5 150 2 MININGS 750 35 Amoprop AMtL 325 -5 2450 10 2650 Anqlvool 6600 1065 15 Btyyoors 1875 unch 1950 Butt eh 8150 350 CNA 2206 5I0S Curnc Fmooce 405 unch 1135 25 Cons Murch
      201 words
    • Article
      New York
      733 8 NOV 06 US$ ACF Industries Ale on Alumn 29 Alcoa 37 AJegheny Lud 24* Afced Oi«n Cp 34 s inch AJbed Stores 53* Ab-Chahntn 8 Am Brands Inc 63* Am Broadcast 62 Am Can Co 49* Am Cyanomd 4Sh Am Elec Pwr 20 Am Express 36* Am Home
      733 words
    • Article
      European markets
      961 8 Amsterdam NOV CM Fh ABN 342 50 unch Aegon 135 00 1 5 Ahold 183 00 -3 Ak jo 99 00 0 1 AMfV 192 00 +1 2 Am* os Amrobnk 63 40 -1 6 Berk 43 20 -0 3 Boh 100 00 unch BorVJTTMl 281 00 1
      961 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      169 8 v T <SM! H E» IS I 1' a»»S «i eatert r t'y/;* fl #f=p _The Summer F^lace. pinuiiJy presents j sptvial turx+n n mrru VW can think of sixteen reasons why j uou should try our unique new menu... Braised fish maw soup with crab meat. braised fungus soup
      169 words
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      Page 8 Advertisements Column 2
      142 8 your very own retreat i < -J; At Scotts Cafe, we serve all your tastebuds' fancies from delicious Western cuisine to mouth-watering Oriental dishes. Set in an intimate atmosphere surrounded by red brick walls, wrought-iron lamps and lush greenery. ft HOTEL ASIA Your Mend in Singapore HOTEL ASIA PTE LTD
      142 words
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      Page 8 Advertisements Column 3
      88 8 HUANG PALACE Hong Kong Tim Sum served from 11 am to 230 pm (We also cater for weddings, anniversaries, birthdays and Chinese dinner functions.) For Hr\mntum\ plr»\r t all 2*"><)l22 F.\l I*l7 or I-KM! PRESIDENT MERLIN HOTEL SINGAPORE IHI. kn<lKi»i Riud. Sn«(.i(ir«c lIWI Irl 2MM23 Entertain your friends in Royal
      88 words
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      Page 8 Advertisements Column 4
      110 8 *Oqfe fife TJrand Enjoy Our Prompt Efficient Service In Cool, Quiet Cosy Atmosphere WESTERN/CHINESE/ LOCAL CUISINE Banquets Cater For Lunch Dinner Meetings Wedding Occasions, Birthday Parties At 16/- Onwards Per Person or Other Occasion With Function Rooms (Free of Charge) For 60 And Above. Taped Disco Music for your dancing
      110 words
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      Page 8 Advertisements Column 5
      149 8 London stocks, Pago 11 LOMMgB 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 aH drinks. cßown HOTEL 270
      149 words
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  • ASIAN STOCKS
    • Article
      Hongkong
      378 9 HONGKONG: Share prices closed slightly lower yesterday in lacklustre trading, with some booksquaring noted. Among leaders, Cheung Kong fell 10 cents to HKJB.2O, HK Land 2.5 to $3.30, HK Wharf 7.5 to $4,175, Jardine Matheson 10 to $7.60, Sun Hung Kai Properties five to $7.05 and Swire Pacific "A"
      378 words
    • Article
      Taipei
      247 9 NOV 09 Al Seicere Indus NT 6 55 2490 -0 25 -03 Chem Indus Lien Hwa Indus Nan Ya Plos 1820 12 10 29 60 25 30 6666 sj*. Cathay Cons Chang Hwa Bank Chen Loona Chn Hsm Cement Chirvo Chem 28 30 51 00 17 20 17 60
      247 words
    • Article
      Tokyo
      423 9 TOKYO: Share prices rebounded sharply yesterday in heavy trading under the lead of lower-priced incentive-backed issues and largecapital stocks. The Dow-Jones average of 225 selected issues, an 11.62 yen loser the previous day, rose 72.36 yen to 11,239.28 yen. Volume increased to some 524 million shares from Thursday's 357.7
      423 words
    • Article
      Manila
      150 9 MANILA: Share prices closed generally steady in dull trading yesterday. The Commercial and Industrial Index was down 3.33 at 113.58 but the Mining Index was unchanged at 836.58 and the Oils Index was steady at 0.581. Lepanto B fell to 0.031 pesos from 0.032 while Philex B rose to
      150 words
    • Article
      Sydney
      388 9 SYDNEY: Share markets closed steady in active trading yesterday with support for industrial issues balanced by selling on the resource boards. Near the close, the All Ordinaries Index was up 0.1 at 779.2, the All Industrials Index was up 3.2 at 1127.6 and the All Resources Index was down
      388 words
    • Article
      Bangkok
      184 9 BANGKOK: Prices closed higher in active trading yesterday. The Book Club Index rose 0.76 points to 121.38 and turnover rose to 51.9 million baht from 46.5 million on Thursday. Siam Citizens Leasing Ltd closed 0.50 baht higher at 21.50 in active trading. Siam Cement and Siam City Cement gained
      184 words
    • Article
      Seoul
      75 9 Nov 9 Won Hyundoi Motor 637 10 K A L 547 I Choheung Bfc Coovnerciol Bk 620 680 uoch 5 Korea Fnt Korea CM Koreo S»*p 720 1232 420 8 17 4 Daewoo Corp Daewoo tnd 495 645 661 7 +3 -12 Lucky Ltd Sormung Co 815 740 15
      75 words
    • Article
      Lock icon Hyundai to produce new small car
      67 9 Reuter HYUNDAI Motor Co of South Korea plans to produce new subcompact model cars from 1987 with technical aid from Mitsubishi Motors Corp. A Hyundai spokesman says that Hyundai, which currently produces 170,000 vehicles a year, is seeking government approval to invest 21.2 billion
      Reuter  -  67 words
    • Article
      Lock icon Broken Hill makes new oil discovery
      180 9 Reuter AUSTRALIA'S largest company has announced a big oil flow from a test well off the northwest coast. Brokers said that this indicated it had found a good field. Broken Hill Proprietary (BHP) said that it piped up 6,744 barrels of oil a day
      Reuter  -  180 words
    • Corporate round-up
      • Article
        Fertiliser plant contract
        57 9 TWO JAPANESE companies have signed a 65 billion yen contract with Bangladesh's Chittagong Urea Fertiliser to build a chemical fertiliser plant in Chittagong in about three years. They are Toyo Engineering Corp and Mitsui and Co. The plant will have a daily output capacity of 1,000 tonnes
        57 words
      • Article
        Chinese order
        50 9 FLUOR China Services Inc has received an engineering services contract from the China National Technical Import Corp. The pompany, a Fluor Corp subsidiary, will perform an engineering study for a surface prototype station as part of the Daqing oik reservoir development, a project funded by the World Bank.
        50 words
    • Article
      Lock icon Philips signs Laservision deal with China
      68 9 Reuter PHILIPS International BV, a subsidiary of NV Philips Gloeilampenfabrieken, has signed an initial agreement with the Shenzhen Advanced Science and Technology Development Co to provide technical aid in setting up facto- ries to make 90,000 Laservision players and 3.5 million discs a year.
      Reuter  -  68 words
    • Article
      Lock icon Takeover by MRCB restores confidence in Cheq.Point
      198 9 Bernama CHEQ.POINT, a credit card company, has managed to restore the confidence among most of its original merchants in Malaysia into accepting the card, the company claimed. Earlier in the year, most outlets refused to accept the card following reports that Cheq.Point was
      Bernama  -  198 words
    • Article
      Lock icon Siemens to build factory in Berlin
      68 9 Reuter SIEMENS AG will invest 230 million marks in a new factory producing components for light wave conductors and laminated circuits. The plant in West Berlin will be completed by the mid-1990s and will employ 600. Siemens will spend an equal amount on research
      Reuter  -  68 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      529 9 %si xS m w m m Ss v^iF.P TONIGHT! PUJGINTOAN ELECTRIFYING EXPERIENCE! THE lON BAR L t lON BAR @11 405 Havetock Road Singapore 0316 Tel 733 2081 COME on a gourmet adventure beneath the starlit sky rvcr\ Sunda\ 6 pm lo 1 1 pm A v > s For
      529 words
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      Page 9 Advertisements Column 2
      106 9 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 Mijuiriii irrfrfc# 19 Cairnhill Circle Singapore 0922 Tel: *****98, *****22 ext.
      106 words
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  • SHARE INFORMATION
    • Article, Illustration
      Finance, property sectors worst hit in price falls
      4322 10 SHARE prices fell again for the fourth trading day this week bringing the Straits Times Industrial Index to a more-than-20-month low. The ST Index dropped 8.52 points to 817.74 while the BT Composite Index shed 9.62 points to 717.10. Volume was slightly
      4,322 words
    • Article
      Chief price changes
      265 10 SINGAPORE Rises Indices Sotarat Km 220 Kaatwcky Spin 448 Tastilo Corp 137 S P Tartda 313 G 1 HU«i 50« 207 Hmm M 384 U A C 318 t«TwS«i, 286 Falls C 1 Hoi*»e» 201 talMfk 288 O C C 905 N S T 615 OSS 560
      265 words
    • Article
      Another lacklustre day at KLSE
      462 10 THE Kuala Lumpur stock market drifted through another lacklustre session with share prices retreating further across the board. In the absence of any positive leads, investors continued to adopt a wait-and-see attitude and remained on the sidelines. Turnover remained below the five-million mark at 4.74
      462 words
    • Article
      Business done on the SES
      3626 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 unlt£ unless otherwise specified. All Time SetUement Contract» are quoted after the word "SETT".
      3,626 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CHART POINT
      359 11 By HOCK LOCK SIEW THE LAST TIME this columnist reviewed the technical position of Chuan Hup Marine Ltd, the shares were hovering around the $2.90 level and I said: "The counter has become firmly entrenched within a downtrend channel and the shares are heading lower after having enjoyed
      By HOCK LOCK SIEW  -  359 words
    • Article
      Selected indices
      105 11 HONGKONG Australian Industrials Hang Seng Index Friday 1127.6 Thursday 1124.3 Friday 1047.32 Week ago 1118.7 Thursday 1052.65 NEW YORK Week ago 1035 23 TOKYO Dow Jones Thursday 1228.69 Tokyo Dow Jones Friday ***** 28 Wednesday 1233.22 Week ago 1217 09 Thursday *****.92 Standard and Poors Week ago *****
      105 words
    • Article
      LONDON STOCKS
      978 11 THE market opened mixed yesterday with pharmaceuticals a weak feature on news the state-owned National Health Service will be asked to prescribe certain generic drugs in place of brand-named medicines in an attempt to save money. Closing middle prices of selected stocks excluding stamp duty were: INDUSTRIALS No«
      978 words
    • Article
      Arab-M'sian Finance is fifth largest KL company
      458 11 ARAB-Malaysian Finance Bhd (AMFB) has become the fifth largest finance company in Malaysia in terms of assets as at end-December 1983, compared with the ninth position it held the year before. This was disclosed by AMFB chairman Datuk Azman Hashim in his latest
      458 words
    • Article
      COMPANY BRIEFS
      156 11 SSANGYONG Cement (Singapore) Lid said the paid-up capital of Vermiculite Industries (Pte) Ltd at the time of acquisitin on Oct 29 was $300,000. Ssangyong paid $76,500 cash for 51 per cent or 153,000 shares in Vermiculite. MENANG Corporation (M) Bhd announced that the proposed acquisition of Honco Holdings
      156 words
    • Article
      Unit trusts
      237 11 Managers' prices MARA Bumiputra for Nov 10 First B'putra 529 534 Singapore Unit Trust Second B'putra Third B'putra Fourth B'putra 484 407 4 89 4 12 The Commerce 2 54 2.70 4 35 4 40 The Savings Fund 1 69 1 79 Fifth B'putra 296 3 01 S'pore
      237 words
    • Article, Illustration
      Lock icon Dunlop's bankers say 'yes' to rescue plan
      543 11 Sir Michael appointed executive chairman of the company Reuters DUNLOP HOLDING PLC's 46 bankers have agreed in principle to participate in a financial reconstruction of the company. The company also announced the appointment of Sir Michael Edwardes as executive chairman and the resignation
      Reuters  -  543 words
    • Article
      Rothmans starts off current financial year on good footing
      371 11 ROTHMANS of Pall MaU (M) Bhd has started its current financial year reasonably well but it is still too early to gauge the full-year performance. Rothmans' managing director Gerald Vessey said this in response to a question from a shareholder who
      371 words
    • Article
      Business done on the KLSE
      2557 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 I.OQD units unless otherwise specified INDUSTRIALS A|inomoto (3.106 3 70S) A Choc (2 51B) (5)
      2,557 words
    • LATEST RESULTS
      • Article
        METAL BOX Singapore Ltd
        59 11 an- nounced group taxable profits of $5.84 million in the first half to Sep 30, 1964, against $5.73 million previously. Net earnings per share dropped to 8.8 Vents from 9.5 cents. A gross interim dividend of 4 per cent (5 per cent) will be paid on
        59 words
      • Article
        SINGAPURA Building Society Ltd
        60 11 has announced a fall in group pre-tax profits to $6.17 million in the year to June 30, 1984, from $8.03 million previously. Net earnings per share dropped from 19 cents to 13 cents. An unchanged first and final dividend of 14 per cent will be paid
        60 words
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  • Article
    Rise in ceiling won't hit private flat sales
    465 12  -  By LISA LEE THE HOUSING and Development Board's plan to raise the income ceiling for flat applicants will affect the sale of private flats only marginally. But it will help some families earning more than $3,500, the current ceiling, to qualify for
    465 words
  • Article, Illustration
    Lock icon Nicaragua preparing for a possible American invasion
    157 12 Reuter NICARAGUA'S left-wing leadership says it has decided to switch manpower from a vital export industry, coffee, to the defence of Managua against a possible American attack. "It would be worse to lose the country than to lose the coffee," Agriculture Development Minister
    Reuter; UPI  -  157 words
  • Article
    Singapore is leader in use of piles per capita
    398 12 MORE FOUNDATION piles are being driven into Singapore soils per square metre than any other country in the world, a Swedish professor said. About $200 million worth of piles are installed each year, mostly due to the soft soil conditions of
    398 words
  • Article
    'Speciality chemical trade important to economy'
    461 12 THE SPECIALITY chemical business, where value-added per worker can be as high as $500,000, is important to the restructuring of the Singapore economy. But this business is not without risks, Dr Wong Kwei Cheong said yesterday at the official opening of Lubrizol South-east Asia
    461 words
  • Article
    Murder of Amex man: mention on Friday
    146 12 THREE men and a woman accused of murdering Frankie Tan Tik Siah, 39, vice-president and regional treasurer of American Express International Banking Corporation, will be placed in custody for another week as the police continue their investigation into the case. In court yesterday,
    146 words
  • Article
    Computer imitation case adjourned
    152 12 THREE COMPANIES and three people being sued by IBM Singapore and four other companies for alleged imitation of computer software and hardware had their cases adjourned by the High Court yesterday. Challenger Microcomputer Products and two persons. Loo Leong Thye and Lur Leong Hong, facing a
    152 words
  • Article, Illustration
    West will support Asean military alliance
    244 12 THE WESTERN non-communist countries would support Asean as a military bloc if it became one. Former secretary-general of the North Atlantic Treaty Organisation (NATO), Dr Joseph Luns, said at a press conference yesterday: "It is not for me to say what the countries of
    244 words
  • Article
    MRTC shortlists nine companies for inspection deal
    399 12  -  By JAIME LYE THE MASS Rapid Transit Corporation (MRTC) has shortlisted nine companies for a contract to provide inspection services of electrical and mechanical equipment manufactured overseas. To date, the MRTC has awarded 13 electrical and mechanical (EAM) contracts worth nearly $1.1 billion.
    399 words
  • Article
    Dow Jones higher
    72 12 STOCK PRICES were higher in early trading yesterday as Wall Street shook two days of profit taking, reacting to a drop in the money supply and upbeat inflation data. The Dow Jones Industrial Average, which declined 4V* points on Thursday, gained nearly that much yesterday morning to
    72 words
  • LATE FILE
    • Article
      Lock icon Top priorities for Reagan
      36 12 Reuter PRESIDENT Ronald Reagan, determined to preside over an aggressive second term, has set arms control, income tax reform and spending cuts as his top priorities for the next four years. Reuter
      Reuter  -  36 words
    • Article
      Lock icon Backing for Rajiv
      48 12 Reuter ONE OF India's most distinguished civil servants, Mr Natwar Singh, has resigned yesterday to enter politics and back Prime Minister Rajiv Gandhi in elections due by January. He would contest a seat from his hometown in Bharatpur in the western state of Rajasthan. Reuter
      Reuter  -  48 words
    • Article
      Lock icon Israeli strike called off
      37 12 AP A THREATENED general strike by public workers in most Israeli municipalities was called off yesterday after Prime Minister Shimon Peres promised to intervene so debt-ridden towns can pay their workers' salaries. AP
      AP  -  37 words
    • Article
      Lock icon Tough budget for Fiji
      34 12 Reuter FIJI'S GOVERNMENT yesterday imposed a one-year freeze on pay and rent in a tough budget. It also announced higher taxes on petrol, liquor, tobacco, cars and some other goods.
      Reuter  -  34 words
    • Article
      Lock icon China endorses Hongkong accord
      31 12 AP CHINA'S legislative body, the National People's Congress, yesterday endorsed the Sep 26 agreement with Britain on the future of Hongkong, the Xinhua News Agency reported. AP
      AP  -  31 words
    • Article
      Lock icon Galman'B wife sought
      38 12 Reuter THE PHILIPPINE Supreme Court yesterday ordered armed forces chief of staff General Fabian Ver and three others to produce the wife of a man the military said killed opposition leader Benigno Aquino last year.
      Reuter  -  38 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 Outlook for today: Slightly hazy with showers in several areos in the afternoon and early evening. Report for 24 hours prior to 7 30pm on Nov 9 at the airport Maximum temperature 31.5 Associated humidity 68 Minimum temperature 24.6 Associated humidity 96 Hours of sunshine 6.10 Rainfall in millimetres 0.2
      59 words