The Business Times, 17 November 1984
1984-11-17
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The Business Times
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Title Section11 1984-11-17 1 BUSINESS TIMES M.C. <P) No. 66/1/84 SATURDAY, NOVEMBER 17,1984 60 CENTS11 words
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385 1984-11-17 1 A NEW CIVIL aviation pact between Singapore and Austria will open new horizons for Singapore Airlines. Under the liberal agreement, SIA is likely to fly to Vienna and on to Canada next year. Cities on the US East Coast would385 words
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519 1984-11-17 1 FOO CHOY PENG,CHUANG PECK MING - Ong Teng Cheong shows surprise at employers' change of mind By FOO CHOY PENG,CHUANG PECK MING THE NATIONAL Trades Union Congress can live without the National Wages Council if employer groups can live without it, Secretary-General Ong Teng Cheong said last night. In an519 words
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463 1984-11-17 1 LISA LEE - By LISA LEE DEVELOPERS and the government need to join forces to control the supply of property so as to prevent the market from slipping into a critical situation. A senior valuer yesterday proposed a working plan which discourages government agencies from competing463 words
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Article, Illustration426 1984-11-17 1 BOEY KIT YIN - By BOEY KIT YIN THE TOURIST industry is cashing in on the National Exhibition to attract overseas visitors. Full-page advertisements have been placed in at least three newspapers in the region the Bangkok Post, the South China Morning Post in Hongkong, and426 words
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101 1984-11-17 1 Reuter THE BRITISH government proposes to tighten tax rules next year on dual resident companies to prevent their use as tax avoidance schemes. The Inland Revenue said many dual resident companies companies that are resident in one country but incorporated in anotherReuter - 101 words
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Article, Illustration52 1984-11-17 1 SHARE PRICES on the Singapore stock market fell yesterday after a two-day rally. Market observers are watching to see if the Straits Times Industrial Index will fall significantly below the 8M level. The BT Composite Index fell 7.92 points to 7M.14 while the ST Index lost 7.15 points52 words
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268 1984-11-17 1 Reuter SINGAPORE has called for support of the struggle against the Soviet "recolonisation" of Afghanistan and said it would be in Moscow's own interest to withdraw its troops from that country. "The Soviets cannot win. But in the meantime it isReuter - 268 words
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Article123 1984-11-17 1 AP SINGAPORE, Malaysia and Brunei have agreed to implement an "Asean procedure" whereby courts in any Asean member country can process civil cases involving plaintiffs in another without having to go through diplomatic channels. Under the arrangement, for example, the Malaysian court could subpoena someoneAP - 123 words
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Article117 1984-11-17 1 DBS BANK will cut its prime lending rate by one-quarter point to 9.5 per cent on Monday, finally moving in line with United Overseas Bank and Oversea Union Bank. When UOB and OUB adjusted their best lending rates to the 9.5 per cent level five117 words
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Page 1 Advertisements
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Advertisement159 1984-11-17 1 Sponsor: SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention Organiser INTERFAMA PTE LTD Tel *****12 YAMAHA CARBON COMPOSITE CLUBS. Proven tops in scientific tests. A t v fi, t> At V* /> UJU Tests carried out by a Swing Robot, the most reliable golf testing equipment159 words
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Advertisement279 1984-11-17 1 Seven-point plan to fight building defects Page 2 \mm SHARE INFORMATION 10 RAW MATERIALS 2 AIRCRAFT 4 DEVELOPERS should consider giving workmanship guarantees on their properties to stop purchasers from worrying, soys Mr Chan Kok Hong of property company Jones Lang Wootton. Page 2 MALAYSIAN Foreign Minister Tengku Ahmad Rithauddeen279 words
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Advertisement160 1984-11-17 1 Full report, Pag* 13 Asian stocks, Paga 11 International stocks, Paga 10 Hongkongßantfs double benefit Hongkongßank O Hongkongßank VISA and Hongkongßank MasterCard Only Hongkongßank offers both these credit cards for the cost of one. That's value! And both can be used in our ETC machines. That's convenience! Two cards al160 words
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Advertisement34 1984-11-17 1 •?T 5U 85 s 4th Int'l Medical. Hospital Dental Equipment Technology Exhibition Conference 18th 21st April 1985 Dynasty/Hyatt Hotels Singapore Organiser ©INTERFAMA PTE LTD Tel *****12 Telling the story of a nation, Paga 634 words
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HOME NEWS
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463 1984-11-17 2 LEE HAN SHIH - By LEE HAN SHIH DEVELOPERS should consider giving workmanship guarantees on their properties to stop purchasers from worrying about leaky roofs, broken tiles, uneven wall plastering, cracks in floor slabs and other possible defects. They should also include the architect in any arbitration between463 words
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Article68 1984-11-17 2 A CATERPILLAR Far East Association (CREDA) conference was held at Mandarin Hotel to discuss the changing market conditions in the Far East. The theme of the annual conference, which ended yesterday, was "The Far East Commitment". About 12 Caterpillar dealers from the region took part in the two-day68 words
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Article51 1984-11-17 2 TELECOMS will put on sale the "25 Years of Nation-Building" miniature sheet of 6 postage stamps of different values from Nov 23The miniature sheets, valued at $4.70 each, can be bought at all post offices. Stamp collectors are advised to purchase their First Day Covers51 words
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Article, Illustration185 1984-11-17 2 ALL HOMES in Singapore will eventually have digital instead of pointer meters to record their energy consumption. This means that all consumers will then be able to read their own meters. The programme to install digital meters was started by the Public Utilities Board (PUB)185 words
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181 1984-11-17 2 STAGGERED lunch hours may soon come to the private sector if employers respond to a call made by Environment Minister Ong Pang Boon yesterday. Speaking only a few days after the Ministry of Finance's proposal to stagger civil service payday from the 12th181 words
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85 1984-11-17 2 THE DARUSSALAM mosque will be built in Clementi New Town on a 0.3-hectare site. Dr Ahmad Mattar, Minister for Social Affairs, told Muslims celebrating the 80th anniver 4 sary of the Muslim Trust Fund yesterday that the mosque will be built near the85 words
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346 1984-11-17 2 SHAHRIR ARIFF - By SHAHRIR ARIFF SINGAPORE IS NOT run by the prime minister. It is run by experts in different fields. The prime minister always consults these experts when making decisions. So said Mr Harbans Singh, secretary-general of the United People's Front. He said anyone can346 words
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173 1984-11-17 2 MORE SINGAPORE trade shows and exhibitions are gaining international status. This is through the prestigious Union of International Fairs (UFI), a French agency dedicated to promoting international trade and cooperation by fairs and exhibitions. Membership of UFI is regarded as a hallmark of a173 words
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Article76 1984-11-17 2 RADO, the pioneer of the world's fist scratch-proof watch, has come up with another innovation, the Rado DiaStar Anatom. The Anatom's watch case is made solely from transparent scratch-proof sapphire crystal. It also has a convex face. Rado engineers use a method whereby the glass and76 words
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137 1984-11-17 2 THE ASSOCIATION of Banks in Singapore (ABS) has produced a video programme to show the advantages of "cashless pay days." Workers are shown the convenience of having their salaries credited directly to their bank accounts because of the many automated teller machines (ATMs)137 words
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RAW MATERIALS
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Article154 1984-11-17 2 Chinese Produce Exchange (Sellers' noon closing prices on No* 16 SS/100 kg) Robusta 20/25% FOB NSW Nutmeg 1)0 FOB NSW B W FOB NSW 492 50 396 00 281 00 Coconut oil Bulk FOB Old drum FOB New drum FOB Copro Mixed (loose) Pepper 190 00 203 00154 words
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Article286 1984-11-17 2 Singapore A-l special C-l special C-l Ordinary 192 unq unq (S$/kilo, ex-godown) Thai white Loonzain 100% 100% 1st class first grade unq (kangaroo) new crop 096 100% second grade 100% third grade 235 unq 100% 2nd closs 070 Parboiled 100% 3rd closs 070 5% 10% 232 227 25% new286 words
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Article310 1984-11-17 2 SINGAPORE The market closed lower yesterday with December One RSS buyers quoted at 173.75 cents per kg, down 0.25 from Thursday. The morning session lost 0.25 cent after fluctuating uncertainly in quiet trading. Prices rose slightly in early afternoon on scattered buying but the market fell back to lunch-time310 words
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Article143 1984-11-17 2 MALAYSIAN crude palm oil prices eased yesterday in quiet trading on light selling and reserve of buyers as sentiment was dampened by a lower Chicago soybean complex close. November and December deliveries in the north region fell Ms3o to $1,265 per tonne while south eased $12.50 to $1,275.143 words
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Article91 1984-11-17 2 THE Koala Lumpur Tin Market price held at the International Tin Agreement floor-price of M 529.15 per kg on lack of overseas demand. The buffer stock manager absorbed most of the turnover of 112 tonnes, down from ISI on Wednesday (the market was close on Thursday). Scattered buying91 words
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Article159 1984-11-17 2 Yarn (In HK$ per bole of 400 lb) China corded yorn, cones Blue Phoenix 16"s 3.150 Blue PhoerN* 20's 3,250 Blue Phoemx 32's 3,800 Blue Phoenix 40's 4,000 Carded yarn, hank Blue Phoenix 21 's 3,500 Combed yorn, cones Blue Phoenix 32's 4,800 Blue Phoenix 40's 4,950 Open-end yarn159 words
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Article347 1984-11-17 2 RAS prices (hi S cents/kilo, FOB in boles) NOON CLOSE Buyers Setters Buyers Sellers lot 1 RSS prompt 170 50 171 50 171 00 172 OON Int 1 RSS Dec 84 173 25 173 75 173 75 174 25 Int 1 RSS ion 85 175 25 175347 words
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Article113 1984-11-17 2 (cents/kg, 1-ton pollets) December 84 January -85 (current mth) (forword mth) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 168 50 170 SON 170 00 172 00N SSR 50 166 50 168 SON 168 00 I70 00N MRELB Buyers Sellers Buyers Sellers SMR CV 199 00113 words
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Article58 1984-11-17 2 WHEAT futures on the Chicago Board of Trade closed mostly higher on a firm note on Thursday, ranging from 3' US-cents per bushel higher in December to off cent in thinly-traded distant December. Com futures closed cent per bushel higher to unchanged, with December held to a 1 158 words
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Article67 1984-11-17 2 SOYBEAN futures on the Chicago Board of Trade closed on a weak note on Thursday, down 3'« cents to UScent per bushel, with January held to a narrow 3'«-cent range in quiet trade. Frazier Parrott and lowa Grain were the featured sellers of January on the day, with Refco67 words
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Article851 1984-11-17 2 COFFEE Robusta futures ended a quiet morning yesterday with losses from the previous close of £4 to £1 a tonne, apart from March which was up £4. November and January were both down £3 at £2,585 and £2,377 respectively. No gradings or tenders were posted in the morning.851 words
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Page 3 Advertisements
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Advertisement424 1984-11-17 3 MANDARIN GARDENS 0 Scd. urn J -1 m CAFETERIA FUNCTION ROOM J ADVENTURE PLAYGROUND SHOPS N -jfi ii ft i; v fl V. s u f/-nr, r V/ *y»r> -u &V* "Hi, v WADING POOL CLUBHOUSE WITH SQUASH COURTS GAMES ROOM HEALTH CENTRE s- 4 PRIVATE ENTRANCE LOBBY TO EACH424 words
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OVERSEAS
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Article, Illustration307 1984-11-17 4 Reuter ASEAN has expressed concern over the decline of investment by the European Economic Community (EEC) in the region. Speaking for the six Association of Southeast Asian Nations (Asean), Malaysian Foreign Minister Tengku Ahmad Rithauddeen said: "We are concerned over what we seeReuter - 307 words
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164 1984-11-17 4 Reuter RISING corporate spending, especially in the manufacturing sector, is taking over from exports as the main source of Japan's continuing economic expansion, the Japanese Economic Planning Agency (EPA) said in its November report. The US economic slowdown is slowing the rate of increaseReuter - 164 words
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187 1984-11-17 4 Reuter IRAN IS prepared to double its imports from Thailand next year in exchange for a longterm contract to sell oil to the country. Iranian Charge d'Affaires Hooshang Rahimian said in Bangkok yesterday that his country has renewed an offer to sell crude oilReuter - 187 words
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WORLD IN BRIEF
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Article25 1984-11-17 4 WEST GERMAN Chancellor Helmut Kohl will meet President Reagan at the White House on Nov 30 at the invitation of the US leader.25 words
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Article45 1984-11-17 4 AMERICAN Secretary of State George Shultz has agreed to stay on at his post in the second Reagan Administration. His spokesman John Hughes, however, gave no indication of the length of time that Mr Shultz intended to remain at the department.45 words
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Article60 1984-11-17 4 INDIAN authorities investigating the assassination of prime minister Indira Gandhi have arrested three police officers and detained 100 commandos of her security guard for interrogation. The report by the United News of India yesterday followed the disclosure by a New Delhi judge on Wednesday that a police60 words
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Article54 1984-11-17 4 A GROUP of British lawyers yesterday appealed to Pakistan's President Mohammad Zia-ul-Haq to prevent the execution of four dissidents sentenced to death for helping hijack an aeroplane. The lawyers delivered a letter signed by 80 colleagues to the Pakistan embassy in London expressing their concern and revulsion54 words
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Article74 1984-11-17 4 Agencies. AUSTRALIAN Prime Minister Bob Hawke yesterday called a national summit to deal with an AIDS disease scare in Queensland, after the state government revealed that three babies had died after receiving blood transfusions from a homosexual man who was suspected of suffering from Acquired Immune DeficiencyAgencies. - 74 words
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226 1984-11-17 4 Reuter DEUTSCHE BANK. West Germany's biggest bank, is being investigated on suspicion of evading tax on donations to political parties, the Bonn Public Prosecutor's office said. Prosecutor Hans Wilhelm said he could confirm the bank was being investigated, but gave no details andReuter - 226 words
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361 1984-11-17 4 FT TWO US government reports issued on Thursday were viewed as further signs that the pace of American economic growth has slowed dramatically. Production at US factories, mines and utilities held steady in October after declining 0.5 per cent in September. In a separateFT - 361 words
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Article130 1984-11-17 4 AP TECHNOLOGICAL advances by Japan and other nations are the greatest long-terni threat to the economic health of the US. "It would be difficult to overstate the seriousness of this threat," Mr William C Norris, chairman and chief executive officer of Control Data Corp, told the MidwesternAP - 130 words
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Article189 1984-11-17 4 AP THE ECONOMIES of noncommunist industrialised nations are expanding slightly faster than expected, but unemployment especially in Europe is likely to remain a major problem. Mr Bernhard Molitor, assistant secretary for economic policy at the West German Economics Ministry, said delegates at the Organisation for EconomicAP - 189 words
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119 1984-11-17 4 Reuter THERE IS no clear evidence that regular exercise protects the body against the common cold or other infections. Dr Harvey Simon of Harvard Medical School said yesterday that he based his conclusion on a review of 10 separate studies which sought toReuter - 119 words
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229 1984-11-17 4 Reuter FT SOVIET President Konstantin Chernenko said that the country's economy is still not satisfactory because of slack management, poor quality goods and wastage. In a speech to the ruling politburo which was read out on the main evening television news, Mr Chernenko saidReuter; FT - 229 words
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253 1984-11-17 4 AP THE PHILIPPINE government's ombudsman has accused the panel that implicated high military officers in the Aquino assassination of making deductions, speculation and conclusions on evidence it wasn't even sure would hold up in court. Ombudsman Bernardo Fernandez made the accusation at a newsAP - 253 words
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Article768 1984-11-17 4 ARRIVALS Operator Service Local From number time FT FT75 0055 JFK/ANC/NRT SIA SQ1I 0110 LAX/TYO PAA PAS 0155 JFK/SFO/HKG CAL CI333 0250 TPE RA RA408 0730 BKK/KTM MAS MH68I 0820 KUL CV CV796 0845 LUX/AUH KAL KE624 0850 KUL MAS MH603 0905 KUL sv SV378 0920 JED/RUH768 words
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Page 4 Advertisements
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Advertisement353 1984-11-17 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. 6c 3 5 > Ik X V* WJ 1 Ihe Asian Wall Street Journal continues to be the only publication that covers353 words
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Advertisement9 1984-11-17 4 Pan Am.Daily 747SPToUSA, It Flies Smoother, Faster And Quieter.9 words
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BANKING AND FINANCE
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277 1984-11-17 5 THE SLUGGISH state of the world economy has meant a change in marketing approach for an international bank. Chase Bank has since October launched the concept of "Chase Partnership" and advertised it in regional newspapers in Asia. Mr Robert Salmon, vicepresident277 words
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97 1984-11-17 5 COMMERCIAL Discount Company will celebrate its 10th anniversary next week by lending a helping hand to the performing arts. It will contribute $12,750 to the Singapore Symphony Orchestra's Familiar Favourites Concert in the Victoria Theatre. The general manager of Commercial Discount, Lee Han Min, said:97 words
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135 1984-11-17 5 AP BANK of ENGLAND has begun distributing its new £20 note, whose appearance has been slightly altered to make it more difficult to forge. The note, unchanged in size and general appearance, has a new and more noticeable watermark of English playwrightAP - 135 words
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745 1984-11-17 5 AMY BALAN - By AMY BALAN FOR THE SECOND consecutive month, deposits placed with the Post Offfice Savings Bank shrank by about $14 million to $6,633.6 million in September. The dip can hardly qualify as a trend but a study of POSB's deposit figures suggests that745 words
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291 1984-11-17 5 Reuter JAPAN is considering allowing a maximum of eight foreign banks into the Japanese trust banking sector next year, Japanese Deputy Finance Minister Tomomitsu Oba said. He also said issuers of Euroyen certificates of deposit, to be authorised from December, will haveReuter - 291 words
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171 1984-11-17 5 FT BANK of America (BOA) and First Chicago, two of the biggest US banking groups, have agreed to increase the capital levels of their banking units under pressure from the US Comptroller of the Currency. The move, which is part of a packageFT - 171 words
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Article62 1984-11-17 5 AFP RENAUD de la Geniere, 59, governor of Bank of France for five years, has stepped down and was quietly replaced by his number two, Michel Camdessus. 51. Mr Camdessus will bring to his new role detailed experience of the problem of Third World debt,AFP - 62 words
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97 1984-11-17 5 THE PRESIDENT of the Chartered Association of Certified Accountants (ACCA), Mr F E Bleasdale, will visit Singapore from Dec 1 to 6. He will make courtesy calls on Mr Chris Liew, Singapore's Accountant General, and Mr Michael James, the acting British High Commissioner. Mr97 words
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MONEY AND EXCHANGES
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Article660 1984-11-17 5 SINGAPORE: The US dollar fell against most major currencies yesterday in quiet early trading on dollar selling after its gain in New York despite several bearish factors. The US$2.7-billion increase in latest M-l money supply was largely expected and had no impact on the dollar and operators were660 words
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Article245 1984-11-17 5 Interbank rates at 3pm Currencies Nominal rat :m 8m ithaonian quoiid ytittfdiy en sea parity change Local dollars to one unit of foreign currency: US dollar 2.1470 2.1480 ***** -2385 Sterling pound ***** 2.7043 7 3469 -6324 Australian dollar 1 8442 1 8472 3 4286 -46 21 NZ245 words
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Article, Illustration259 1984-11-17 5 PERIOD Asian dollar deposit rates were lower in moderate early trading yesterday while short-dates were mostly steady. Asian dollar CD rates were softer in quiet early trading. •«OCATESthc mrap o* the pnriw kndinf rates $112 major bai*i opcrat inf in Sinfapart Interbank deposit rates us$ Offer Bid259 words
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Article57 1984-11-17 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued on Nov 16 and from Nov 19 to Nov 20 and on Nov 23. Offered: $100,000,000. Applied for: $166,250,000. Allotted: $100,000,000. Accepted bids: $99.29 approximately 47 per cent; higher bids in full. Average rale of discount57 words
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Article123 1984-11-17 5 THE OVERNIGHT rate rose 1/4-point from Thursday to close at 7-1/4 per cent on the Singapore interbank money market yesterday. The one and three-month' term rates rose by 1/16point each while twomonth maturities remained unchanged. S$ interbank rates at 3pm yesterday Offer Bid Overnight 7 1/4 7 1/8123 words
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Article357 1984-11-17 5 BA Futures Inc EURODOLLAR futures opened with substantial 1 gains at Simex yesterday from an unexpected round 1 of US Federal Reserve addition of reserves through overnight re pur- I chase agreements and a < weaker than expected US industrial production fig- j ure. The December contract I testedBA Futures Inc - 357 words
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Article209 1984-11-17 5 HONGKONG The metal closed little changed yesterday after moving in a 70 US-cent range in lacklustre trading. It finished at $344.60/ 345.00 an ounce against an initial $344.80/345.20 and New York's close of $344.50/345.00. Local gold ended HK$ll below Thursday's close at $3,216 a tael. The krugerrand price was209 words
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Page 5 Advertisements
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Advertisement186 1984-11-17 5 The Big Name from Japan's No. 1 Clubmakers The Super Extra Correct Light Steel Shaft Woods and the CL-707 Hagane Steel Shaft Irons are mated to meet the most challenging demands of professional golf To the amateurs and pros alike. HONMA is definitely the long distance club, which will give186 words
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TIME-OFF
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Article516 1984-11-17 6 FOR SHEER bare-faced effrontery, the statement this week from Finnair that it has been appointed the "official airline of Santa Claus" takes some beating. To back up this obviously spurious tale, Finland's airline issued a photograph taken at the entrance to one of its DClOs of a516 words
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Article, Illustration844 1984-11-17 6 JOANNE YAP - By JOANNE YAP THE NATIONAL Exhibition, Singapore's grandest, has a massive job to tell the story of a country that grew from poverty to prosperity, especially to the nation's younger population. After going through the three exhibition halls of the World Trade Centre, it844 words
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Article, Illustration272 1984-11-17 6 RAY HEATH - Toby swings the standards her way By RAY HEATH WHEN TOBY Altman's friends were rockin* to the latest in the charts, or trying to sing like Joan Baez, she was listening to the music her friends' mothers liked. Now she is singing the same songs in Singapore. In her first272 words
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Article199 1984-11-17 6 STRAWS in the Wind t WHO IS Rama Rao? No one gave the correct answer when a group of candidates were asked this question in a current affairs test to support their job application. That was a month ago, when the Indian chief minister199 words
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Article838 1984-11-17 6 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Equator IV Feng Tai Princess Mahsuri Wah Fai Well Rainbow Aki Maru Arabian Trader Barber Tampa Donam No 8 Gerbera Green Ocean Jin Chang Ned Linge Potsdam Shoun Galaxy Silver Happiness 22 37/8 45 23/4 29/30 19838 words
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Page 6 Miscellaneous
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Miscellaneous782 1984-11-17 6 CRYPTIC PUZZLE ACROSS 9 Good heavens' Does that mean the blessed wood's on fire? (4, 5) 10 There's a mere tilt of the boat as you get on it again (2-6) 12 Washes the hair (4) 13 Go off without the thread (6) 14 Once the meter is out of782 words
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Miscellaneous311 1984-11-17 6 wmrsm CONCERTS SSO's Regular Concert "stars" Alfredo Hodgson (contralto) and Stephen Roberts (baritone). Their programme features Des Knaben Wunderhorn by Mahler and Enigma Variations Op 36 by Elgar. Tonight, Victoria Concert Hall, 8.I5 pm. Tickets: $4, $7, 10 and $15. EXHIBITIONS Scandinavian lithographies and oil paintings presented by G M311 words
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SPORTS
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Article, Illustration709 1984-11-17 7 BRIAN MILLER - Lee Seng Hup's Commander Three and Turquoise stand out in today's card By BRIAN MILLER JIM BLEASDALE is a fine gentleman and a "member" of that talented group of young riders who are quickly making a name for themselves in the tough climate of English709 words
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483 1984-11-17 7 FORMER PUTRA CUP golfer Talib Haron takes a five-stroke lead in the final two rounds of the Keppel Club championship this weekend, and unless he is attacked by a bad case of nerves, should coast home an easy winner. With all his483 words
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Article, Illustration175 1984-11-17 7 UPI AMERICA'S Pam Shriver kept her all too often fragile nerves intact on Thursday, to win a place in the quarter-finals of the US$l5O,OOO National Panasonic Queensland Open at Milton Stadium in Brisbane. Shriver survived an umpire's warning for allegedly being coached from theUPI - 175 words
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514 1984-11-17 7 WALTON MORAIS - By WALTON MORAIS THE CASTROL-ALPINE autotest, a speed test over an obstacle course, is set for one of its closest finishes in years when today's final round is flagged off at the National Stadium mnway. Only five points separate the514 words
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Article196 1984-11-17 7 CYCLE AND Carriage, who presented a brand-new Mercedes Benz 190E to Ong Beng Bee for his hole-in-one feat during the BT golf competition just last month, has come up with another car this time for the first person who shoots a perfect game in196 words
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Page 7 Miscellaneous
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Miscellaneous1244 1984-11-17 7 W mi> Lii^CDd'li HIGHLIGHTS Saturday Night Movie The Death Of Ocean View Park 10.40 pm, Channel 5 An unnaturally powerful hurricane wrecks a large seaside cmusement park. Another disaster-type movie. How To Last A Lifetime Working For Survival 8.00 pm, Channel 12 Continuing the series on stress. This episode looks1,244 words
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Miscellaneous80 1984-11-17 7 Doonesbury BY GARRY TRUDEAU m rm m m Ki m m I i£S, SIR. LATE LASTM6HT. A juat BOAT PROPPED UKZBO&Bi, HIM OFF AT THEMARJHA EVBRS/NCSU/E ROOMED TO6ETTBR IN GOUE6E, BOBBYS ALWAYS HATWB9N6 THE CENTER OF ATTENTION ff 7* i <5/* AKO CARIBBEAN EXACW/IS JOM&UX&H """■a* mm* BriStoW-' FsanX Diciens80 words
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INTERNATIONAL STOCKS
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336 1984-11-17 8 Reuter THE BRITISH government's offering of 3.01 billion shares in British Telecom PLC (BT) has been fully underwritten at 130p per share. Information Technology Minister Geoffrey Pattie says institutions underwriting the domestic issue will retain just over half of the shards, with theReuter - 336 words
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177 1984-11-17 8 Reuter THE STRENGTH of the US dollar over the 1984 third quarter has given rise to a stockholding gain of £70 million for British Petroleum Co PLC (BP). The stockholding gain for the first nine months of this year amounted to £108 million.Reuter - 177 words
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304 1984-11-17 8 Reuter STOCK prices on Wall Street closed moderately lower on Thursday as the market continued to stumble in post-election doldrums. The Dow Jones Industrial Average fell by 0.77 to 1206.16. Losing issues led gainers 840 to 652. Volume on the New York Stock ExchangeReuter - 304 words
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Article198 1984-11-17 8 NOV 15 Ab.ttb. C$ 28 S Imp Oil hco 44 15 Ale on Algomo Bonk Mont 37 I8H -H .41 Int Prov Pipe Int Uts 31W 21 23 S unch Intl Nickel Bonk Novo Scotio Bell Tel 13 34 v* -H Kerr Add loWow B I6S, IBS 0P Con198 words
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Article271 1984-11-17 8 NOV 15 land INDUSTRIALS A Aloho 8258 Un Steel Urwsec Woolwortti 107B 460 1450 10 Abercom AE And CI 150 770 2 unch minings Amopfop 340 unch Anglos 2485 20 AMIC 2675 -25 20 Anglvoal ***** Bodows 1085 8>yyoo«s 1850 25 BuHets 7950 200 CNA^ n,th ZUJv 230 unch271 words
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Article736 1984-11-17 8 NOV 15 US$ ACF Industries Alton Akjmm 28 Akoo 36 Alegheny Lud 23* Alked Chem Cp 34* Alied Storey 50* •1* Alrs-Chaimers 7* LTKlh Am Brands kne 63 Am Broadcast 63 2* Am Can Co 49 Am Cyanomd 48 >4 -1 Am Elcc Pwr 20W Am Express 34*736 words
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Article992 1984-11-17 8 Amsterdam NOV 15 ABN Aegoo FH 333 00 -5 ***** 3 MUM Akzo AM(V Amtos Amrobnk Berk BoK Borsumri Bosk a Burtet Colond Colv 179 50 -4 3 9150 -3 3 188 00 -5 8 62 50 1 5 42 30 -0 6 98 70 2 277 00992 words
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Page 8 Advertisements
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Advertisement504 1984-11-17 8 T HKPfi mmsm w i 15s «r <fl v vV' v m vm m V* Ifi Ss ir.f> tPZSV* rn U" i v V il'- «j,c;^ At Scotts Cafe, we serve all your tastebuds' fancies from delicious Western cuisine to mouth-watering Oriental dishes. Set in an intimate atmosphere surrounded by504 words
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Advertisement145 1984-11-17 8 London stocks Page 15 <1 V LOHMgB 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, 25% off on aM drinks. CRpwn145 words
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ASIAN STOCKS
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Article407 1984-11-17 9 HONGKONG: Share prices closed mixed yesterday after a steady opening with some late position squaring ahead of the weekend. The Hang Seng Index finished 3.05 down at 1,071.79 after being up 0.42 at the midmorning fix. Among leaders, Cheung Kong eased five cents to HK$B.5O, HK Wharf five to407 words
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Article284 1984-11-17 9 NOV 16 NT Chem Indus 18 70 0 1 Lien Hwa Indus II 40 -02 Al Sincere Indus 650 unch Nan Ya Plos Pacific Cons 29 60 25 50 unch 0 1 Avo Cement Cathay Cons 25 20 27 60 0 8 unch Pacific Elect Wire Pookjng Paper 17284 words
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Article408 1984-11-17 9 TOKYO: Share prices ended yesterday morning slightly firmer with trading centred on domestic industrials and high-technology issues. The market average rose 7.00 to 11,308.62 at midday on volume of 180 million shares against 200 million on Thursday morning. Investors selected foods, chemicals, drugs, small machinery firms and some others,408 words
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Article147 1984-11-17 9 MANILA: Shares prices closed mostly lower yesterday in sluggish trading. The Commercial and Industrial Index was down 0.64 at 111.38, Mines were off 1.87 at 825.39 and the Oil marker 0.004 at 0.586. PLDT fell to 36.50 from 37.50. NOV 16 fewi Oriental B 0012 0001 Ph4 Oversea* 0147 words
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Article418 1984-11-17 9 SYDNEY: Share markets closed firmer yesterday on moderate turnover with resource stocks attracting support following promising drilling results from the Porgera gold mine in Papua New Guinea. Near the close, the All Ordinaries Index was up 2.7 at 782.5, the All Industrials Index was up 1.5 at 1128.1 and418 words
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Article164 1984-11-17 9 BANGKOK: Share prices closed lower in active trading yesterday. The Book Club Index fell 0.06 to 123.79 with declines leading advances by a small margin. Turnover fell to 745,630 shares worth 55.0 million baht from Thursday's 1.83 million worth 245.0 million baht. Singer Thailand accounted for most of the164 words
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Article91 1984-11-17 9 Nov 15 Won Hyundoi Motor 623 -1 Bonk Seoul Chohewg Bk Commercial Bk Oo«km Ind Doewoo Corp 639 605 686 550 487 -II -15 unch 5 unch K AL Korea Frvt Korea Ol Korea Shp Lucky Ltd 538 730 1280 410 815 11 unch -19 -2 3 Doewoo Ind91 words
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Article63 1984-11-17 9 Reuter A NISSAN MOTOR Co subsidiary has signed an agreement with a Canadian car parts manufacturer for a joint venture in Canada. According to Pacific Automotive Cooperation Inc, Nissan's Marui Industrial Co and G S Wooley will form a joint venture company to produce acrylic resinReuter - 63 words
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253 1984-11-17 9 Reuter LATEST exploration drilling at the Porgera prospect in the highlands of Papua New Guinea has confirmed the presence of high grade gold mineralisation. Placer Development said five stepout drill holes in the area known as Zone VII, which was discoveredReuter - 253 words
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153 1984-11-17 9 Reuter A CHINESE delegation has signed 441 deals worth U554.95 billion with Hongkong and overseas investors at an investment symposium in Hongkong. China's Vice-Minister of Foreign Economic Relations and Trade, Wei Yuming, says the biggest deals involve the construction of a $610 million container terminalReuter - 153 words
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199 1984-11-17 9 FT TAIWAN has decided to award a multi-million-dollar contract for telecommunications switching equipment to Siemens of West Germany in the face of a heated controversy over the company's bid. The Central Trust of China, which awards contracts on major government procurements, gave Siemens theFT - 199 words
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Article155 1984-11-17 9 AFP JAPAN'S two top carmakers, Toyota and Nissan, have said their exports last month rose 5.4 per cent and 11.4 per cent over a year ago to 156,960 units and 109,327 units respectively. On the domestic market in October, Toyota Motor Corp, Japan's largest carmaker, toldAFP - 155 words
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Page 9 Advertisements
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Advertisement465 1984-11-17 9 ■UITO HP 'A V'? fci? V E* If r P T X 91 I K ifiS> From English afternoon teas of hot scones and strawberry jam, to evening cocktails. Then dance to the music of Juliana s of London. Linger. The mood is Distinctively Hilton in Style. MbTON INTbRNATIONAb SINGAPORE465 words
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Advertisement136 1984-11-17 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL LOUNGE With Ramon &> D' New Blackjacks and Larry's Midnighters Buy a drink during Happy Hour and the next one's on the house! Our drinks include: Black &> White Premium Scotch, Renault OVB, Rrrnod 45, Bristol Cream, Feter Herring, Old Oak While136 words
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SHARE INFORMATION
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Article, Illustration4186 1984-11-17 10 THE psychological support at the 800 level on the Straits Times Industrial Index gave way again to selling pressure yesterday. The BT Composite Index fell 7.92 points to 700.14 while the ST Index lost 7.15 points to 797.44. Volume was low at 9.534,186 words
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Article285 1984-11-17 10 SINGAPORE Rises Indices Are' Hit am Tin 700 Grand Control 248 MIF Hkt 4 > 50« 205 Tunes Pub 810 Spore Land 276 M Cement 50« 153 Guinness 484 Falls Botu Kowon 368 Lmgui 50« 104 Kentucky Spore 400 S T P 1975 1100 DBS 585 Straits285 words
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Article496 1984-11-17 10 SHARE PRICES closed on a slightly easier note at the Kuala Lumpur stock market yesterday as a result of some light buying support that emerged in the afternoon. Except for Kian Joo Can Factory, which made its debut yesterday, most counters were quiet. Turnover fell496 words
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Article3625 1984-11-17 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 units, unless otherwise specified All Time SetUement Contracts are quoted after the word "SETT"3,625 words
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COMPANY NEWS
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412 1984-11-17 11 NAJEEB JARHOM - By NAJEEB JARHOM THE SINGAPORE press merger scheme cleared its last hurdle yesterday when the High Court gave its blessings to the scheme of arrangement and confirmed the capital reduction of the three companies involved. The scheme will thus come into effect412 words
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LATEST RESULTS
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Article57 1984-11-17 11 Group after-tax profits of M 522.05 million ($22.44 million) on turnover of $234.66 million ($216.63 million) for the year ended Sep 30, 1984, giving earnings per share of 30.6 cents (31.2 cents). The board is recommending a final dividend of 20 cents less tax, payable on Jan57 words
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Article94 1984-11-17 11 Operating loss of M 57.27 million ($8.6 million) on turnover of $6.3 million ($10.99 million) for the year ended March 31, 1984. The company said it is going through a difficult period, but directors are taking corrective measures to rectify the position. It has formulated plans to94 words
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Article2397 1984-11-17 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 Ajinomoto (3.106) A Choc (2 42B).(21) 2 38 AMD2,397 words
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Article1045 1984-11-17 11 THE MARKET yesterday opened mixed but with a firmer bias, dealers said. Early interest was small and the FTSE 100 at 0945 GMT was up 0.7 at 1165.6. BP moved to 498 having opened 3p off at 490. Yesterday it announced third quarter results at top end of1,045 words
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Article429 1984-11-17 11 LORETTA McLAUGHLAN - 0» LORETTA McLAUGHLAN SINGAPORE LAND Ltd, the largest locally listed property group, has turned in a set of resilient year-end results, to the surprise of most property market watchers. In spite of the depressed condition in all segments of the property market, the company succeeded in429 words
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Article104 1984-11-17 11 HONGKONG Australian Industrials Hong Seng Index Friday ***** Thursday 1126.6 Week ago ***** Friday 1071.79 Thursday 1074 84 NEW YORK Week ago 1047 32 Dow Jones Thursday 1206 16 TOKYO Wednesday 1206 93 Week ago 1228.69 Tokyo Dow Jones Friday *****45 Stondard and Poors Thursday ***** 62 Thursday104 words
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Article252 1984-11-17 11 Managers' prices MARA Bumiputra for Nov 17 19 First B'putro 5 13 5 18 Second B'putro 4 72 4 77 Singapore Unit Trust The Commerce 2.54 2 70 The Sovmgs Fund 1 70 1 80 Third B'putro Fourth B'putro Fifth B'putro Sixth B'putro 3 98 4 03 423252 words
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Page 11 Advertisements
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Advertisement478 1984-11-17 11 TIMES PUBLISHING BERHAD SflllALtS !IMI£ PL® THE STRAITS TIMES PRESS (1975) LIMITED SINGAPORE NEWS PUBLICATIONS LTD no* w a c 5) SINGAPORE NEWS AND PUBLICATIONS LIMITED JOINT ANNOUNCEMENT The Directors of Times Publishing Berhad ("TP"), The Straits Times Press (1975) Limited ("STP") and Singapore News And Publications Limited ("SNPL") are478 words
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703 1984-11-17 12 MONICA GWEE - By MONICA GWEE MONEY SPEAKS. Most women feel that better pay is the best reason for going to work and staying there. They also prefer a five-day week over shifts, part-time or flexi-time schedules. More than 100 people took part in703 words
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Article, Illustration401 1984-11-17 12 ANNA TEO - By ANNA TEO UNORTHODOX as it may seem, the teachings of Confucius may be applied in business administration. The guest-of-ho-nour at the National University of Singapore's convocation ceremony for Business Administration graduates yesterday spoke on "Confucianism and Business Administration". Mr Hsuan Owyang, deputy chairman401 words
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246 1984-11-17 12 Reuter AUSTRALIAN opposition leader Andrew Peacock has accused Prime Minister Bob Hawke of trying to sabotage a live television debate scheduled to be held six days before the country's general elections on Dec 1. Mr Peacock, campaigning yesterday in Albury, southReuter - 246 words
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Article75 1984-11-17 12 Reuter THE HONGKONG government budget deficit for the six months ended Sep 30 rose to HK53.56 billion from a deficit of $2.78 billion in the same period a year ago. Financial Secretary John Bremridge said in September he expected a deficit for the year ending AprilReuter - 75 words
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Article37 1984-11-17 12 Reuter BABY FAE, the five-week-old girl who made medical history when she was given a baboon's heart, died on Thursday night. Hospital officials at Loma Linda University hospital said she died of kidney failure.Reuter - 37 words
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113 1984-11-17 12 SIXTY-FIVE per cent of Japanese companies polled in a survey used computer systems and 37 per cent were also using information network systems. The survey covered 1,704 companies and was conducted by the Ministry of International Trade and Industry. It found that 20 per cent of113 words
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Article86 1984-11-17 12 Reuter THE NORWEGIAN government, embarrassed by a huge inflow of money from abroad in recent weeks, yesterday barred foreign investors from buying domestic bonds. Since the beginning of October, foreigners or non-residents, attracted by good returns on Norwegian bonds, have invested three billion crowns inReuter - 86 words
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96 1984-11-17 12 A DISPUTE between Infowell Computing Pte Ltd and two other companies, Prentice-Hall and Reston Publishing Co, over the alleged imitation of computer software and hardware, was settled yesterday. Prentice-Hall and Reston, which had successfully obtained interim injunctions against Infowell restraining it from dealing in96 words
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92 1984-11-17 12 THE CASES against three men and a housewife charged with the murder of Mr Frankie Tan Tik Siah, a senior executive of an American bank here, will be mentioned again on Nov 23. Vasavan Sathiadew, 41; construction workers Phan Khenapim, 42, and Wan92 words
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Article190 1984-11-17 12 AP A SANDINISTA official has confirmed that Nicaragua has obtained Soviet-made MI-24 combat helicopters and says they will be deployed against US-backed rebels fighting to overthrow the government. Jaime Wheelock, Minister of Agriculture and a military colonel, was the first Nicaraguan official to acknowledge the presenceAP - 190 words
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123 1984-11-17 12 MOST ACCOUNTANCY graduates of the National University of Singapore are able to find employment without undue difficulty. The same prediction cannot be made, however, about graduates from the other disciplines. Mr Michael Wong Pakshong, managing director of Straits Trading Co Ltd and once an accountancy123 words
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438 1984-11-17 12 ALVIN TAY - By ALVIN TAY THE WORLD'S biggest bank now operates two wholly-owned merchant banks in Singapore, after an agreement in Hongkong enabling Citicorp International Group to buy Fuji Bank's current 30 per cent interest in Asia Pacific Capital Corporation. Asia Pacific, known in the financial438 words
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Article65 1984-11-17 12 THURSDAY'S strength in the bond market belatedly flowed into the stock market yesterday, where prices firmed moderately after a seven-day correction. The Dow Jones Industrial Average, which closed fractionally lower on Thursday, was up about 2'4 points to under 1209. Overall, however, losing issues and gainers were65 words
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LATE FILE
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Article27 1984-11-17 12 Reuter THAI railway workers yesterday agreed to end a fourday strike after winning pay rises from the governmentowned State Railways of Thailand. ReuterReuter - 27 words
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Article45 1984-11-17 12 UPI ABOUT 8,000 Filipinos burned effigies of Uncle Sam and President Ferdinand Marcos in a rally near the presidential palace, demanding an end to the, "US-Marcos dictatorship". The protesters, led by Mr Agapito Aquino, dispersed peacefully after the 50-minute rally.UPI - 45 words
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Article54 1984-11-17 12 NST THE CHAIRMAN of the committee of inquiry into the Bumiputra Malaysia Finance loans scandal, Tan Sri Ahmad Noordin Haji Zakaria, yesterday denied having issued an ultimatum to the government that if it did not take any legal action within a week, his panel would make itsNST - 54 words
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Article36 1984-11-17 12 UPI CANADIAN reporter Jonathan Mann was freed from an Indian jail yesterday after being fined US$22 for violating a ban on foreigners in the troubled northen state of Punjab, Canadian officials said. UPIUPI - 36 words
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Article30 1984-11-17 12 UPI IRAN yesterday warned neighbouring Kuwait against allowing Iraq to use its Gulf islands for military purposes in return for a settlement of their long-stand-ing border dispute. UPIUPI - 30 words
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Article32 1984-11-17 12 AP THE CHURCH of England's governing body has voted in favour of admitting women to the priesthood despite opposition from the church's spiritual leader, the Archbishop of Canterbury. APAP - 32 words
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Page 12 Advertisements
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Advertisement76 1984-11-17 12 BANCO DE CHILE U.S. $30,000,000 Floating Rate Notes due 1956 In accordance with the provisions of the Notes, notice is hereby given that the Rate of Interest for the next Interest Period has been fixed at 10'/J per annum The Coupon Amount will be U.S. $265 42 in respect of76 words
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Advertisement493 1984-11-17 12 INTERNATIONAL CONFERENCE ON THE IMPACT OF MODERN CHALLENGES ON THE COMPANY SECRETARY 7-8 DECEMBER 1984, SINGAPORE 10-11 DECEMBER 1984, KUALA LUMPUR COMPANY SECRETARIAL PRACTICE MINUTES RESOLUTIONS RELEVANCE ACCURACY DUTIES LIABILITIES OF THE DIRECTORS UNDER THE COMPANIES ACT CORPORATE TAX PLANNING THE COMPANY SECRETARY THE COMPANY SECRETARY'S RESPONSIBILITIES TO THE BOARD493 words
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Page 12 Miscellaneous
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Miscellaneous58 1984-11-17 12 wmm Outlook for today: Portly cloudy with showers over o few areas in the morning. Report for 24 hours prior to 7 30pm on Nov 16 at th« airport: Maximum temperature 31.2 Associated humidity 71 Minimum temperature 24.5 Associated humidity 92 Hours of sunshine 3.15 Roinfall in millimetres 0.3 Rainfall58 words
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