The Business Times, 15 December 1984
1984-12-15
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The Business Times
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Title Section11 1984-12-15 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, DECEMBER 15,1984 60 CENTS11 words
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491 1984-12-15 1 BOEY KIT YIN - By BOEY KIT YIN THE PUBLIC Utilities Board will spend a record $873 million on electricity, water and gas development projects next year. Of this budget, $599 million will be spent on electricity projects, another $250 million on water plans and491 words
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Article, Illustration545 1984-12-15 1 LEE HAN SHIH - Ng Teng Fong says property market has bottomed By LEE HAN SHIH FAR EAST Organisation said yesterday that it would bid for the giant Orchard Square site next to Mandarin Hotel because its owner, Mr Ng Teng Fong, believed that the property market would see545 words
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Article353 1984-12-15 1 ELECTION 1984 AN EASING of regulations in certain areas could accompany the PAP's plan for building a more affluent and gracious society by 1999, says one of the plan's principal architects Mr Ong Teng Cheong. At a pre-rally press conference yesterday, Mr Ong said that353 words
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Article670 1984-12-15 1 Lighter side of the elections IDEALLY, a politician should be possessed of both youthful energy and the wisdom that sometimes comes with age. Unfortunately, this is a combination that is rare and voters in this election will have to compromise by balancing in their670 words
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Article100 1984-12-15 1 A LESSON in algebra, in which it was "proven" that "RC" equals "QC", came yesterday from one lady supporter of the Barisan Sosialis. The lady, identified only as Madam Lee, said it was all very simple take away the "R" and the "Q" and100 words
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Article, Illustration66 1984-12-15 1 THE Singapore stock market closed mixed yesterday amidst investor apathy. There was a* consensus as to the direction of the market. Some analysts believe that the market is in a consolidation phase while others feel that rallies cannot be sustained at the moment. The BT Composite Index last66 words
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Page 1 Advertisements
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Advertisement157 1984-12-15 1 MEDIC ASIA 85 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. i f W W J Tests carried out by a Swing Robot, the most reliable golf testing equipment to157 words
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Advertisement291 1984-12-15 1 Mora reports on Pag* 5 and Back Paga Wm SHARE INFORMATION 10 RAW MATERIALS 2 MONEY A EXCHANGES 3 THE 320-room Park View Holiday Inn will be the first hotel in the world to install an electronic safe big enough for bulky items and which can be operated with any291 words
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Advertisement200 1984-12-15 1 CT S E Asia'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 Fail 1h prices at auction, Back Page Full report, Pago 10, Asian stocks, Pag* 9 International stocks, Pago 8 HongkongBank's double benefit h« And200 words
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HOME NEWS
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Article, Illustration266 1984-12-15 2 ANNA TEO - Electronic safe system a first in the world By ANNA TEO GUESTS OF the Park View Holiday Inn, to be opened next March, will find another use for their credit cards to open electronic safes in their rooms. The eight-storey, 320-room hotel located266 words
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Article85 1984-12-15 2 CHRISTMAS, shoppers in the Orchard Road area will have fewer headaches when a new 241-lot carpark opens today. The carpark, occupying the rectangular piece of land bounded by Orchard Link, Orchard Boulevard, Grange Road and Mandarin Hotel, was built at a cost of $393,000. Parking charges are85 words
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169 1984-12-15 2 IN A MOVE to enhance its identity as a large and diversified supplier to the world's electronics industry, Du Pont Company has changed the name of its Berg Electronics division to Du Pont Connector Systems. The Du Pont (Singapore) Electronics Ltd plant in169 words
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246 1984-12-15 2 JAIME LYE - By JAIME LYE A FORMER art director for the male magazine Maleview has filed a petition for the winding up of its publisher, Maleview Publications. BT understands that an unpaid bill of over $30,000 is the reason for the petition filed by Design246 words
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Article220 1984-12-15 2 PHILIPS SINGAPORE has introduced a new lightweight iron for the traveller. Called the "Stewardess", the iron is 18cmx6.5cm and 4.5cm high and weighs 520 gms. The compact dimension is made possible through a collapsible handle which reduces the total height from 9cm to 4.5cm. Temperature is controlled by220 words
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Article, Illustration530 1984-12-15 5 AN ATTACK on Singapore's planning policies was launched 'yesterday by Dr Lee Siew Choh, leader of the Barisan Sosialis party. He told a lunchtime rally at Fullerton Square that buildings had been constructed indiscriminately and without proper planning. Taking as his530 words
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565 1984-12-15 5 Anson rally brings out the big guns ELECTION 1984 THE FIRST mass rally in Anson last night saw a strong PAP turnout in support of its candidate, Mr Ng Pock Too, in his bid to recapture the constituency lost to the Workers' Party in565 words
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311 1984-12-15 5 TO SOME, one volunteer is worth 10 pressed men, but Mr S Dhanabalan last night presented a different argument. Speaking at the PAP's Jurong East rally, he emphasised the importance of the right leadership to Singapore's future, which was why the People's Action Party311 words
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RAW MATERIALS
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Article191 1984-12-15 2 SINGAPORE The market closed slightly higher yesterday with January One RSS buyers quoted at 173.50 cents per kg, up 0.50 cent from Thursday night. The market hovered around Thursday's closing levels in quiet and featureless morning trading due to lack of interest. Buying interest in the afternoon pushed values191 words
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Article94 1984-12-15 2 (cants/kg, 1-tor i pallets) January 85 February 85 (current mth) (forward mth) NOON NOON RAS Buyers Sellers Beyers Sellers SSR20 168.50 170.50N 170.50 I72.50N SSR 50 166 50 168 50N 168.50 170.50N MRELB Buyers Sellers Buyers Scllcn SMRCV 196 50 198.50N 198 50 200.50N SMR L 195.5094 words
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Article62 1984-12-15 2 THE Malaysian crude palm oil prices were unavailable yesterday. Palm oil futures closed without any trading having taken place. January slipped M$10 to $1,160 per tonne while February rose $5 to $1,135. LONDON US$/t<MM doma price» on Die 13 Sumatra 5% Dec 580.00str Jon 585.00slr Feb 585.00slr March62 words
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Article44 1984-12-15 2 SOUTH KOREA bought 43,000 tonnes of US wheats in two cargoes on Wednesday night for January/first week February shipment FOB Pacific northwest ports. South Korea has the option to buy the wheat with GSM 102 credit guarantees or cash.44 words
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Article312 1984-12-15 2 RAS prices (in S centt/kilo, FOB m boles) MOON CLOSE lot 1 RSS Prompt 170 00 ***** 170.25 171 25N Int 1 RSS Jan 85 173 00 173 50 173 50 174.00 Int 1 RSS Feb 85 175 25 175.75 175 75 176.25 Int 2 RSS 162312 words
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Article158 1984-12-15 2 Chines* Produce FOB NSW 492 50 Exchange Nutmeg (Sellers' noon dosing pi rices on Dec 110 FOB NSW 438 00 14. SS/100 kg) B W FOB NSW 281 00 Coconut oil Gambier Bufc FOB 180 00 FOB NSW 305 00 Old drum FOB 193 00 New drum FOB158 words
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Article157 1984-12-15 2 SOYBEAN futures on the Chicago Board of Trade backed off slightly from mid-session highs to close 1 V* to 2 Vi US cents per bushel higher on Thursday, with January posting a sixcent range on the day. The solid technical support seen just above the 580'i cent contract low157 words
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Article83 1984-12-15 2 THE Ksala Lampar Til Market price remmiaed at the lateraatf—I Ha Agreemeat dear-level price sf M$29.15 per kg dse te a shortage ef fresh demaad yesterday. The haffer stack maaager shssrhed the balk ef the tarnever sf 89 taaaes, dews (ran* 1W Wanes ea Thursday. Ns rati—lag was83 words
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Article105 1984-12-15 2 WHEAT futures on the Chicago Board of Trade backed off slightly from mid-session highs to close 2 Vi to IV* US cents per bushel higher on Thursday, with March posting a fourcent range on the day. Deliveries of only 5,000 bushels, steady barge movement out of Chicago to the105 words
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Article1150 1984-12-15 2 COFFEE Robusta futures were quietly mixed in very dull conditions at the end of the morning session yesterday. The ICO export quota cut had already been discounted by the market. Contracts ended the session around £2 above Thursday's close to £7 below. March ended at £2,231 a tonne1,150 words
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Article281 1984-12-15 2 Singapore A-l special C-l special C-l Ordnory 182 unq (S$/kito, ei-godown) unq Thoi white Loonzom 100% first grade unq 100% 1st class 100% second grade 225 (kangaroo) Q 96 100% third grade 0 70 Parboiled unq new crop 100% 2nd class 100% 3rd class 0 70 5% 227 25%281 words
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Page 2 Advertisements
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Advertisement32 1984-12-15 2 *r Arzberg Porcelain Riedel Crystal Bjom Wiinblad Ceramic Winterhalder Crystal Hurry while stocks last Business hours 11a.m. to 7p.m. daily PORCELAIN CRYSTAL COMPANY #05-125 Far East Plaza 14 Scotts Road Tel: 235-493032 words
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BANKING AND FINANCE
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Article526 1984-12-15 3 SINGAPORE: The US dollar closed lower against major European currencies yesterday but was higher against the yen in quiet late trading. The dollar opened slightly lower at 3.1015/25 marks compared with New York's 3.1050/70 close, and hovered around this level during the morning session. It fell to a526 words
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Article228 1984-12-15 3 Interbank rates at 3pm Quoted yMttfdsy 1 ifOM parity changa Local dollars to one unit of foreign currency: US dollar 2 1725 2.1735 2 8196 -22 95 Sterling pound 2 5852 2 5886 7 3469 -6481 Australian dollar 1 8220 1 8240 3 4286 -46 86 NZ dolor228 words
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Article371 1984-12-15 3 IN REACTION to the larger than expected drop in US money supply (M-l), Simex Earedellar yesterday traded higher from Chicago's close. The market retreated sharply on Thursday night because of the larger than expected increase in the retail sales figure. The March contract opened at 90.06 and traded the371 words
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Article122 1984-12-15 3 THE OVERNIGHT rate rose by two points from Thursday to close at 61/2 per cent on the Singapore interbank money market yesterday. The one-month rate fell by 1/8-point, the twomonth rate fell by 1/16point and the three-month rate remained unchanged. S$ interbank rates at 3pm yesterday Offer Bid122 words
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Article, Illustration269 1984-12-15 3 Asian market ASIAN dollar deposit rates closed steady at slightly lower opening levels in quiet trading yesterday. Periods eased 1/16 point at the outset following news of a US$7.1 billion fall in US M-l money supply and thereafter remained unchanged with one, three and six months closing at 9 8-7/8,269 words
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Article49 1984-12-15 3 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Dec 17 to Dec 21. Offered: $160,000,000. Applied far: $167,500,000. Allotted: $160,000,000. Accepted bids: $99.28 approximately 83 per cent; higher bids in full. Average rate if discMnt on allotment: 2.785 per cent per annum.49 words
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Article173 1984-12-15 3 HONGKONG The metal remained weak yesterday in quiet trading throughout the day. It closed at US$324.05/45 an ounce compared with New York's 324.30/80 close and the $326.60/327.40 finish here on Thursday. Local gold l06t HK$22 to end at $3,033 a tahil. Krugerrand shed $10 to $2,645. TOKYO Futures closed173 words
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350 1984-12-15 3 ALVIN TAY - By ALVIN TAY HIGH LOCAL interest rates prevailing for the most of October did not deter bank loans, including bills financing, from rising by $346.5 million to $36.17 billion during the month. Latest figures released by the Department of Statistics show350 words
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115 1984-12-15 3 Reuter TOP TREASURY and central bank officials of leading Western countries and Japan met in Paris on Thursday for another round of talks on ways to improve the working of the world monetary system. The officials, meeting as deputies of the finance ministers ofReuter - 115 words
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169 1984-12-15 3 AFP THE BASIC US M-l money supply plunged by a surprisingly large US$7.1 billion during the week ending Dec 3 to $547.1 billion, the Federal Reserve said. Observers had generally expected a drop of only two to three billion dollars.AFP - 169 words
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Page 3 Advertisements
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Advertisement43 1984-12-15 3 The superior cognac from Ifennessynowcomeswithunique imported ceramic jars. r »■> w •x-ijjStW. <r Just what you need for the coming festivities three unique ceramic SHennessy storage jars. All yours when you buy Hennessy Cuvee Supeneure. (This offer is only valid while stocks last.) Rkhe>tonde43 words
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OVERSEAS
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401 1984-12-15 4 FT RETAIL SALES in the US jumped 1.8 per cent in November, the biggest gain since April, and one which was greeted by the White House as another sign that the economy is not heading for a recession. "We now have goodFT - 401 words
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124 1984-12-15 4 AP PRIVATE American economists are recoiling at US Treasury Secretary Donald Regan's suggestion that the administration consider bringing the independent Federal Reserve Board under its wing.. "Wall Street holds the Fed's independence more sacred than any other issue," said economist David Jones of AubreyAP - 124 words
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Article369 1984-12-15 4 NYT PRESIDENT REAGAN is expected to announce next week that the US has formally decided to leave Unesco. Mr Reagan's reported decision to quit the United Nations Educational, Scientific and Cultural Organisation will come nearly one year after Secretary-of-State George Shultz announced that America would withdrawNYT - 369 words
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236 1984-12-15 4 Reuter CHINA is preparing for some tricky financial manoeuvring next year as it enters a period of fundamental reform of its urban economy which could spark a short-term budget deficit, Chinese officials and Western economists say. Finance Minister Wang Bingqian told a financial conferenceReuter - 236 words
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Article, Illustration381 1984-12-15 4 Reuter JAPANESE PRIME Minister Yasuhiro Nakasone hopes to further realise his vision of a "Golden Age" for Pacific Basin nations when he visits the US and Australasia next month. The idea of cooperation across the Pacific, a notion under study since the late 1960s, isReuter - 381 words
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234 1984-12-15 4 UPI THE JAPANESE Cabinet has approved the new market-open-ing programme aimed primarily at increasing imports from developing countries, the Foreign Ministry reported. The new package, the latest in a series of measures taken since April this year, consists mainly of reduction or removal of tariffsUPI - 234 words
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ECO NOTES
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Article74 1984-12-15 4 SEOUL has told Washington it wants to keep its steel exports to the US at 2.4 per cent of apparent US consumption while the US is trying to cut South Korean steel exports to 1.7 per cent its market share last year. Assistant Trade Minister Kim Chul-su wrote74 words
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Article33 1984-12-15 4 FRANCE'S annual inflation rate edged down further in November to 6.9 per cent, keeping the government's revised inflation target of 7 per cent for the end of this year within reach.33 words
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Article50 1984-12-15 4 TAIWANESE government officials and coal industry leaders yesterday discussed the possible closure of all coal mines in the country following mining disasters that have killed 260 pit-workers in the past six months. About two thirds of the 125 mines have already been shut because of insufficient safety measures.50 words
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Article45 1984-12-15 4 BRITISH inventories fell a seasonally adjusted £197 million, at 1980 prices, in the third quarto: of 1984, after falling £302 million in the second quarter. Stocks of production industries, wholesalers and retailers stood at £51.6 billion at the end of the third quarter.45 words
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Article58 1984-12-15 4 Agencies WEST GERMANY'S central bank has lowered its target range for growth in the money supply next year to between 3 and 5 per cent as a signal of its determination to hold down inflation. The central bank has been operating with a money supply target range ofAgencies - 58 words
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308 1984-12-15 4 FT THE EUROPEAN Parliament has flexed its muscles and thrown out the 26 trillion European Currency Unit (£15.6 trillion) EEC budget for the coming year by an overwhelming majority, accusing the 10 member states of dishonesty and bad housekeeping. All the major political groups inFT - 308 words
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WORLD IN BRIEF
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Article37 1984-12-15 4 THE BRITISH HOUSE of Commons (parliament's Lower House) would consider on Dec 18 government proposals to provide financial help to the British National Oil Corp (BNOC), Leader of the House John Biffen has said.37 words
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Article49 1984-12-15 4 CATERPILLAR Tractor Co said it would indefinitely lay off 610 more workers at three plants in Illinois, Iowa and Pennsylvania in early January due to cuts in daily production schedules. The firm also said it planned to lay off about 700 salaried workers during the 1985 first quarter.49 words
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Article67 1984-12-15 4 THE GOVERNMENT of Sri Lanka is working on new peace proposals to resolve the country's ethnic conflict and is willing to hold a referendum on the proposals "or even an election if the people want one", Sri Lankan- President Junius Jayewardene has said. He told a public meeting67 words
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Article41 1984-12-15 4 DEPOSED Mauritanian President Mohammed Khouna Ould Haidalla has returned to his West African country 24 hours after being overthrown in a palace coup, an informed source said in Dakar. There is no immediate confirmation of the report from Nouakchott.41 words
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Article70 1984-12-15 4 DEFENCE SECRETARY Caspar Weinberger's plan to reduce the defence budget offers very little in reductions in fiscal 1987 and 1988 when bigger cuts would be crucial if the US$210 billion deficit is to be halved by then, a senior administration official said. He also said President Reagan may70 words
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Article53 1984-12-15 4 JAPAN'S first World Travel Fair has opened with 40 countries and 132 airlines, travel agencies, hotels and other firms taking part. The main objective of the four-day fair is to encourage more Japanese to visit Asia, North America, the Soviet Union, Eastern and Western Europe, the Middle53 words
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Article71 1984-12-15 4 THE FIRST estimate of investment volume in Britain in 1966 suggests the year will see little change. The Department of Trade and Industry said the first signs are that manufacturing investment will decline in 1906, after rising by around seven per cent in 1985. Total investment by71 words
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153 1984-12-15 4 AFP THE ASSOCIATION of Southeast Asian Nations should achieve balanced economic growth by developing raw material industries along with export-oriented light industries. The Ministry of International Trade and Industry (Miti), in its annual report, cited the case of South Korea as anAFP - 153 words
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83 1984-12-15 4 THE WORLD'S second biggest accountancy firm, Peat Marwick Mitchell A Co, is being sued for over US$130 million by the Federal Deposit Insurance Corporation for not properly auditing Penn Square Bank of Oklahoma City before it failed. The corporation is alleging that some of83 words
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Article759 1984-12-15 4 ARRIVALS Operator Service number Local time From SiA SQII 0110 LAX/TYO PAA PAS 0155 JFK/SFO/HKG CAL Q333 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/RUH MAS MH67I 0935 KUL759 words
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Page 4 Advertisements
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Advertisement70 1984-12-15 4 n 11 Development Far East Organization is looking for development sites in the city area or suburbs of Singaporefor development of high-rise and low-rise condominiums, flats, bungalows semi-detached or terrace houses etc. Land plots of various dimensions are welcomed. Those willing to sell or go into jointventure with us whereby70 words
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Advertisement9 1984-12-15 4 /Wi 1)1 Wow O! Si it root rin >n9 words
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Page 4 Miscellaneous
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Miscellaneous33 1984-12-15 4 Doonesbury HJUl, OFTEN THEfi&A MfiK UNPEf&PE ID FAME, A KfNP OFP&Pe*A7tNeepR)RMORt ANP MORE ATTENTION. fTSWUS BEEN CALIEP THE MJUJRE OF SUCCESS m i Sm m sa*i,«-gfrs a L IS BY GARRY TRUDEAU ','133 words
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Page 5 Advertisements
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Advertisement35 1984-12-15 5 The cut and style of your shirts gets you noticed at work. So it's important to select The Wrangler Elite E range. Look good and you'll go far. AtyMaion of YGM S* <#• < 'Mm tu ::'s&35 words
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Advertisement21 1984-12-15 5 Reports by Ray Heath, Foo Choy Peng, John Lim, Chuang Peck Ming, Lim Soon Neo Shahrir Ariff, Amy Balan, Anna Teo21 words
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TIME-OFF
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Article440 1984-12-15 6 TllE FUTURE of the virile male Singaporean who Swears by powdered rhinoceros horn for the quality of his nocturnal performances looks bleak, now that Singapore has decided to an international treaty which bans trade in endangered animals and plants. I to" 1 controlling the sale of440 words
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Article, Illustration648 1984-12-15 6 ANNA TEO - For the few who could run long distances, the q uest is for constant improvement Others might call the love-hate state of long-distance runners irrational but for the handful of women bitten by the bug, the daily 'ritual' is essential. Not for them the luxury of snuggling648 words
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Article329 1984-12-15 6 CONCERTS Carolling sessions by the Blessed Sacrament Church Choir. Traditional carols and contemporary medleys accompanied by various musical instruments. Organised by the new Holiday Inn Park View, the hour-long night performances will be accompanied by song sheets and small tokens for children and the public. On Dec 18,329 words
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259 1984-12-15 6 Fair Play - letters te the Editor Fair Play DEAR SIR, The letter by "Investor" published in BT on Dec 7, 1984 raises various valid points which I think should be urgently looked into by the Monetary Authority of Singapore as the Stock Exchange now259 words
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Article305 1984-12-15 6 Peter Chia - Peter Chia Public Relations and Marketing Manager POSB DEAR SIR, May I congratulate BT for its positive and encouraging report and editorial of Dec 11 on the forthcoming launch of the pilot debit payment system by the Ministry of Health (MOH) and the POSB. The305 words
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Article842 1984-12-15 6 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Altair 18 Crown Marine alongside 15.12.84/2300 Banff 35/6 Borneo alongside 15.12.84/1500 Euator IV 23 Thong Soon alongside 15.12.84/0700 Hugheverett 31/2 Everett alongside 15.1244/0600 Jenson IV 22 Thong Soon alongside 15.12.84/0700 Kota Berjaya 47 PIL alongside 15.12.84/0600 Straits842 words
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Page 6 Advertisements
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Advertisement0 1984-12-15 6 "-/]?$(\;]?)*+)^@*`>));};=}-@$,0 words
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Page 6 Miscellaneous
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Miscellaneous729 1984-12-15 6 JIB m m m m m u m Ymc PUZZLE ACROSS jit-mod (7) I edky. ft&t complicated, Fu dope! (9) rthered, point the dirt Ewde (5) ie ships (5) g on splitting the iSf >*Ah AH, onyhow (7) my keen to hove the inn pocked grub to ike out (7)729 words
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SPORTS
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Article, Illustration715 1984-12-15 7 BRIAN MILLER - It'll pay well to follow Johnston and Tweedie today By BRIAN MILLER AT THIS stage of the season, and with just eight racing days remaining on the 1984 calendar, word is out that there are three jockeys to follow at this Bukit Timah715 words
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Article, Illustration457 1984-12-15 7 WALTON MORAIS - By WALTON MORAIS WITH THE SPECTRE of their cruel decision still hanging like a dark cloud over the club, Seletar Club members are likely to be further reminded of their doing this weekend. The six honorary members of the club, who will have their membership revoked457 words
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474 1984-12-15 7 Agencies THE SWEDES love the indoor olay-court surface. But John McEnroe, who will try to lead the United States to its fifth Davis Cup win since 1978, hates it. "I don't think you should play tennis on this court," the world'sAgencies - 474 words
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185 1984-12-15 7 AFP GEOFF WILLIAMS won the men's title for the first time with a devastating straight games victory in the inter-city British Squash championships in Sheffield on Thursday night. The 9-3, 9-1, 9-1 scoreline achieved in 33 minutes brought to an end an outstandingAFP - 185 words
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Article322 1984-12-15 7 STRAWS in the Wind FOLLOWING a report that eggs could cause cancer, one reader pointed out that eating at a certain Japanese restaurant in town could be more dangerous. The restaurant has two menus, one for "normal dishes" and the other for house specials. Patrons,322 words
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Page 7 Advertisements
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Advertisement92 1984-12-15 7 HON SUI SEN THE MAN AND HIS FAMILY The late Finance Minister Hon Sui Sen was one of an illustrious and interesting clan which Joan Hon recalls and describes with humour and nostalgic warmth. Her personal encounters with some MPs in their youth, inundated with private glimpses and family accounts92 words
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Page 7 Miscellaneous
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Miscellaneous1137 1984-12-15 7 w sm HIGHLIGHTS Camera: Moving Pictures Georges Melies 8 pm, Channel 5 The Frenchman Georges Melies was stage magician who, after having seen the Lumiere Brothers' film show in Paris, bought his own equipment, built a studio one of the earliest to be built and started making trick films combining1,137 words
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Miscellaneous16 1984-12-15 7 BROOKie HPSK*T WPvNDeO Irt HGJR Tiroc SH&ETS VET SHE. DOESN'T FINIISH lathis i 1 pfte&hiooN.... J16 words
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INTERNATIONAL STOCKS
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Article341 1984-12-15 8 Reuter IMPERIAL CHEMICAL INDUSTRIES PLC is acquiring the Beatrice Chemical operations of Beatrice Companies Inc for US$750 million. Finance director Alan Clements said in London that ICI would fund the purchase from its own cash resources and shortterm borrowing facilities. The group's net liquid resources asReuter - 341 words
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139 1984-12-15 8 Reuter THE ROYAL Bank of Scotland PLC and William and Glyn's Bank PLC will be merged into one subsidiary company of the Royal Bank of Scotland Group PLC provided that the British Parliament passes the necessary private Bill. The original plan was toReuter - 139 words
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281 1984-12-15 8 Reuter WALL STREET stock prices closed lower on Thursday for the second straight session as investors paid little attention to a new round of impressive economic data. The Dow Jones Industrial Average, which posted gains in two of the three previous sessions thisReuter - 281 words
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Article105 1984-12-15 8 DCC 13 AbWbi c$ 31 unch knp Oi toco 42* 14* 34* 341* 20*8 19* Intf Nfckal 25 K«rr Add 15* 13 18* M T«i BP Con 1 td 34* 25 MosMy F«rg Mc Btodd 3* 24* 29* unch 16* 28* 57 48* 17* 14* unch 4* CmM Rd105 words
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Article225 1984-12-15 8 DCC 13 tod Un Steel Urmec 110 5I0S unch MOUSTtlALS A Afeho 900 Abercom 130 AE And O 795 t-mt unch -10 inch Woohvarth Anglo* 1450 MMNGS 2290 unch -40 AMIC 2650 -50 -10 Angtvoal ***** 1675 -50 C G Smith CNA 2275 265S Buneh Charter 7400B 3908 -To225 words
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Article687 1984-12-15 8 DCC 19 us* ACF lndu»tno* 26* Alcoa Lud Afrad Own Cp AWd Storet ACfrChalman Am Brandt he Am Broodcost Am Can Co Am Cyanamrf Am Elac Pwr Am Expr«M Am Horn# Prod Am Motori Cp Am Nonrd Gat Am Tal A Tal Amax Ine 35 2m 35* 52*687 words
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Article658 1984-12-15 8 Amsterdam DCC IS Fh ABN Aagon Ahold Afczo amev ***** 4-6 142 50 +0.5 ***** -0.5 9370 -03 196.50 -2 Amtoi Amrobnk BarV Bob Bonumj Botko Burtat Cafcmd 63 20 +0 3 39 70 inch 101 50 +0.5 275 00 +1.5 69 50 +1 31.30 +0.3 395 00658 words
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Page 8 Advertisements
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Advertisement572 1984-12-15 8 •JiiSf. £1 Wiiere to wis# «Uu« aai eaiertaia i; ip! MKSffJI Tavern Sa Two stunning new groups, CITY LIMITS and TREBLE CLEF will entertain you from 5.30pm to (A single group performs on Sundays and Mondays from 7pm onwards.)] Now, when you order a glass of Tiger Draft t Beer572 words
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Advertisement137 1984-12-15 8 London stocks, Pago 11 Lounge Sip a glass of the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with Keyboard wizard, Danny Kota and our resident band, The Pintos Trio. liappy hours: 5pm-7pm, 25% off all drinks. CR0WT1 270 Orchard Road.137 words
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ASIAN STOCKS
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Article323 1984-12-15 9 HONGKONG: Share prices closed sharply higher yesterday with investors encouraged by the announcement of a major property investment plan by Hutchison Whampoa. The Hang Seng Index finished 15.60 points up at 1142.09 as turnover rose to HK$264.55 million from $143.15 million on Thursday. Cheung Kong rose 10 cents to323 words
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Article221 1984-12-15 9 DCC 14 KT 0 1 Otam Indut Lion Hwo Indus Nan Ya Pto» 18 80 12.15 31.20 03 0.3 26 40 4-04 Poahc Can* 27.X +0.2 Coltxjy Con* 28 80 0 2 1 Pocihc Elact Wira 19 10 +02 1 wo oonR 18 70 0 3 Pootuna Papar 1221 words
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Article328 1984-12-15 9 TOKYO: Share prices closed higher in moderate trading yesterday on bullish year-end sentiment and renewed interest in international populars. The market average rose 78.10 to 11,419.15, reversing Thursday's 42.29 decline, as the turnover rose to 350 million shares from Thursday's 330 million. The Stock Exchange Index rose 3.97 to328 words
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Article113 1984-12-15 9 MANILA: Share prices closed mixed in dull trading yesterday. The Commercial and Industrial Index was up 1.00 at 109.88 and the Mining Index eased 0.47 to 747.55 while the Oils Index remained unchanged at 0.586. DCC 14 Ac Of* Mining Naa* 0.0016 unch Onantal B PM Ovareaos Phiax B113 words
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Article348 1984-12-15 9 SYDNEY: Share markets closed slightly firmer yesterday on bargain hunting among industrial issues. Near the close, the All Ordinaries Index was up 2.5 at 718.8, the All Industrials Index was up 5.1 at 1068.4 and the All Resources Index was up just 0.5 at 450.1. National turnover was 28.99348 words
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Article158 1984-12-15 9 BANGKOK: Share prices closed lower across the board in quiet trading yesterday. The Book Club Index fell 1.05 to 127.60 as turnover climbed to 657,128 shares worth 91.5 million baht from Thursday's 364,120 worth 49.4 million. Industrial Finance Corp lost four to 165, Thai Farmers Bank two to 232158 words
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Article83 1984-12-15 9 Dec 14 Won 660 Hyundoi Motor K AL 650 560 5 unch Choheurtg Bk Commerciol Bk 650 710 556 10 •4 -3 Korea Fnl Korea Oi Korea Ship 730 1428 415 unch 68 •3 Doewoo Corp Doewoo Ind Dong Ah 490 646 664 -1 •3 +2 +5 10 -1083 words
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75 1984-12-15 9 Reuter HYUNDAI Heavy Industries of South Korea has clinched an order from Ocean Drilling and Exploration Co to build four Ocean Odyssey-class selfpropelled, semi-submersible drilling rigs at a price of about US$260 million. Hyundai is scheduled to deliver the first rig in the thirdReuter - 75 words
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321 1984-12-15 9 Reuter A DUTCH company, NV Koninklifke Nederlandse Vliegtuigenfabriek Fokkĕr, has proposed to three Japanese companies that they join it in developing a turbo-prop airliner for the 1990s. Spokesmen for two of the companies, Kawasaki Heavy Industries and Fuji Heavy Industries, declined to giveReuter - 321 words
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Article140 1984-12-15 9 UPI TOYOTA MOTOR Corp, Japan's top car manufacturer, will break all-time output records for this year and it expects a 2 per cent increase in exports next year. The company says its production and exports are expected to increase by 2 per cent over this yearUPI - 140 words
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156 1984-12-15 9 Reuter LORD KADOORIE and Horace Kadoorie have proposed a scheme of arrangement by which they will acquire the remaining 10 per cent of Hongkong Engineering and Construction Co not already owned by them. Financial advisers Schroders and Chartered say that it is proposedReuter - 156 words
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Article115 1984-12-15 9 UPI DAEWOO TELECOM Co of Seoul will provide Northern Telecom Inc of the US with 120,000 circuit packs for an electronic digital data transmission system. Daewoo officials say the circuit packs will be produced at Daewoo's plant at Sorae, 48 kilometres west of Seoul, under a technologyUPI - 115 words
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Page 9 Advertisements
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Advertisement613 1984-12-15 9 mm' i M II r/i ar it* a S-& wm Cfr*L s K ir.S> TONIGHT! PLUG INTO AN ELECTRIFYING EXPERIENCE! THE ION BAR v. ft EE i V w Si -vy ,<*• -i > f Baron's TaMe Sunday Brunch... you'll love it! Give mum a break this Sunday and bring,613 words
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Advertisement128 1984-12-15 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL LOUNGE With Ramon <Sp D' New Blackjacks and the 2nd Addition Buy a drink during Happy Hour and the next one's on the houset Our drinks include: Black White Premium Scotch, Renault OVB, Remod 45, Bristol Cream, Peter fleering, Old Oak White128 words
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SHARE INFORMATION
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Article, Illustration4113 1984-12-15 10 THE SINGAPORE stock market was little changed yesterday as punters stayed away because of the coming holiday season. The Straits Times Industrial Index fell a marginal 0.37 point to 804.68 while the BT Composite Index shed 2.51 points to 708.97. Volume was low4,113 words
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Article250 1984-12-15 10 SINGAPORE Rises Indices SMWIM 221 +32 UAC 316 +14 Sad Mc 112+14 S t K Sontote 127 +11 CCM 450 +10 Mill 245 +7 Fed CoWo. Its 62 +7 >«toigh 380 +6 MTC7I( 358 +6 CASHSOt 348 +6 TOM 338 +6 Falls ■T Composite IT Indicator BT250 words
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Article490 1984-12-15 10 SHARE PRICES at the Kuala Lumpur stock market on Thursday closed on a mixed note as a result of some short covering activities. Trading was selective with many situational issues closing on the plus side. Generally the market was fairly active on moderate support. Turnover490 words
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Article2569 1984-12-15 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 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".2,569 words
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Page 10 Advertisements
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Advertisement8 1984-12-15 10 Business done on ths KLSE SH page 118 words
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COMPANY NEWS
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Article, Illustration296 1984-12-15 11 HOCK LOCK SIEW - By HOCK LOCK SIEW THE LAST TIME I reviewed the technical picture at General Corp on Oct 6, the counter had just fallen through the 1'/2-year support line, XY, and was destined to move much lower. It was said that even if the shares were to296 words
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Article2078 1984-12-15 11 BID and offer prices officially listed and business In and reported to the Kuala Lam pur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS A Choc (3.026 3.04S) (9) 3.04 (2) 32,078 words
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312 1984-12-15 11 THE New Straits Times Press (Malaysia) Bhd (NST) has announced higher than expected earnings for the year ended Aug 31, 1984 The unaudited results showed that group pre-tax profits rose 23.2 per cent to M$54 million on the bade of a 17.6312 words
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622 1984-12-15 11 NAJEEB JARHOM - By NAJEEB JARHOM IN A SKILFUL corporate move, the Fleet Group has enriched its cash-hungry coffers by MJ141.9 million through the sale of 25 per cent of New Straits Times Press (M) Bhd's share capital to Faber Merlin Malaysia. At the same622 words
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396 1984-12-15 11 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI THE RAPIDLY EXPANDING Sime Darby group appears to be doing admirably well in its diversification effort, having secured two mare working contracts to provide engineering and management services. The first contract was secured by the joint-venture company, Sime Sembawang Engineering Sdn396 words
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Article202 1984-12-15 11 Monogtrs' price* Second B'putra 4.83 4.88 for Dec 15 17 Third B'putra Fourth B'putra 402 4.41 407 4.46 Singapore Unit Trust Fifth B'putra Sixth Bputra 3.04 2.92 3.09 2.97 Th* Comrrwfc# 2.51 2.67 Seventh B'putra (A) 204 209 The Sovftgt Fund 1.72 1.82 Seventh B'putra (B) 3.86 391202 words
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Article97 1984-12-15 11 HONGKONG Australian Industrials Hong Seng Index Friday 1068.3 Thursday 1063.2 Friday 1142 09 Week ago 1067.5 Thursday 1126.49 Week ago 1122 12 NEW YORK Dow Jones TOKYO Thursday 1168.84 Wednesday 1175.13 Tokyo Dow Jones Week ago 1170.49 Friday *****.77 Thursday *****.05 Week ago *****.93 Stondord and Poors Thursday97 words
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Article728 1984-12-15 11 SHARE PRICES opened firm yesterday with the FTSE 100 at 0945 GMT up 8.5 to a new high of 1205.2. The trend was helped by press speculation that the British government may have scope (or tax cuts of £3 billion in 1985/1966. ICI was the centre of attention728 words
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Article86 1984-12-15 11 BOUSTEAD HIKIim Bkd's fully-owned subsidiary, Weld Court Realty Sdn Bhd, has acquired the entire equity of Apas Plaza Sdn Bhd, comprising 250,000 shares of MJ1 each for a total consideration of $548,655. The Foreign Investment Committee has approved the deal as well as the acquisitions by Weld Court86 words
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Page 11 Advertisements
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Advertisement53 1984-12-15 11 Harper Giffillan Group Headquarters Harper Giffillan (Singapore) Pte Ltd WE ARE MOVING Effective 17 DECEMBER 1984 our new address will be: HARP! RS HOUSt l S 4, WIST (OAST ROAD SINO APORI OS I 2 1 f t 7 7920 1 I P O BOX 100 MAXWLLl ROAD POSI Of53 words
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Article, Illustration281 1984-12-15 12 PAP's model society a red herring Chiam At the hustings ELECTION 1984 THERE IS NOTHING to stop the PAP from building its 1999 visionary society even if several opposition members are voted In, Mr Chiam See Tong, leader of the Singapore Democratic Party, told a press conference yesterday. However, he281 words
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264 1984-12-15 12 FOUR of the nine political parties contesting the election will go on radio and television today. They are the People's Action Party, which has been alloted 12 minutes; the Workers' Party (four minutes); Singapore United Front (3'/2 minutes) and United People's264 words
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Article223 1984-12-15 12 LIVING UP to pre-rally expectations Harbans Singh, the UPF candidate for Kebun Baru, was in entertaining form last night. Calling the press "a bunch of cowards", "PAP agents" and crackpots a term he used throughout for the PAP, he said reporters twisted facts and told223 words
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Article174 1984-12-15 12 HAJI RAHMAN ZIN, Singapore Malay National Organisation's only candidate in the general elections, was in a condemning mood at the party rally last night. Speaking in Malay at the Jalan Pasar Baru carpark, he said Dr Ahmad Mattar, Minister for Social Affairs, was wrong174 words
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632 1984-12-15 12 AMY BALAN,ALVIN TAY - By AMY BALAN,ALVIN TAY ACUMEN Financial Services, an independent credit bureau, is making use of the Chop Hoo Thye debacle to press home the point to bankers that a centralised credit information bureau is needed in Singapore. But bankers said as long as the632 words
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589 1984-12-15 12 GRACE YU - By GRACE YU THE GULF between union officials and the management of Union Carbide over benefits for 230 workers retrenched yesterday is wide to the tune of $1.2 million. Union officials demanded $2.2 million in retrenchment benefits for the workers but the management589 words
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412 1984-12-15 12 BOEY KIT YIN - By BOEY KIT YIN DAISY SYSTEMS, a major computer-aided engineering (CAE) producer, will not be following the lead taken by Mentor Graphics, its main rival, in investing in Singapore. Daisy's director for Pacific sales, Mr Celso Ale jo, told BT yesterday his company412 words
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170 1984-12-15 12 AN AIRLINE passenger was fined 1500 yesterday for trying to save $30.25 in his excess baggage charge of $110.25. Jusuf Judodiharjo, 40, who was bound (or Indonesia on board a Cathay Pacific Airways flight, had allowed his 25 kg of excess bagagge170 words
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Article59 1984-12-15 12 Bernama IN SPITE OF increased production, Malaysia's oil reserves have grown from 2.6 billion barrels in 1983 to 2.9 billion barrels this year, the Dewan Negara was told yesterday. Minister of Justice and Minister in the Prime Minister's Department, Datuk Dr James Ongkili, said theBernama - 59 words
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338 1984-12-15 12 OPENING PRICES for three mortgaged properties put up at an auction yesterday were 20 per cent lower compared with six months ago, an indication that banks and other financial institutions are cutting their asking prices. The auction, held by Knight Frank Cheong338 words
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LATE FILE
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Article32 1984-12-15 12 AP THE Organisation for Economic Cooperation and Development (OECD) plans to increase economic growth forecasts for 1985, according to a report due for publication next week. APAP - 32 words
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Article60 1984-12-15 12 UPI FORMER American servicemen, who toured their old Vietnam battlegrounds, said yesterday that Vietnamese officials will consider allowing a US diplomatic presence in Hanoi and accept travel groups of US veterans. They also said Hanoi wants to release all the Vietnamese children fathered by American soldiersUPI - 60 words
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Article36 1984-12-15 12 UPI SPAIN'S governing Socialist Party began intense debate yesterday on whether Spain should withdraw from Nato and other policy issues at its first National Convention since taking power two years ago. UPIUPI - 36 words
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Article41 1984-12-15 12 UPI MANILA Central Bank Gov Jose Fernandez has announced the government had received sufficient commitments from foreign banks to allow the International Monetary Fund to take up the country's request for a US$630 million loan. UPIUPI - 41 words
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Article34 1984-12-15 12 UPI NORTH KOREA yesterday said it has agreed to reopen next month's economic and Red Cross talks with South Korea that it had scrapped after a cross-border gunbattle. UPIUPI - 34 words
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Article37 1984-12-15 12 Reuter ARTIFICIAL heart patient William Schroeder was partially paralysed by a stroke on Thursday night but was able to respond to doctors within hours, a spokesman of the Humana Heart Institute said. ReuterReuter - 37 words
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Article47 1984-12-15 12 AP AN ELUSIVE woman investigators think may have seen the assassination of opposition leader Benigno Aquino has been found by the Philippine police. Her lawyers said she was willing to testify in the trial of high military officials implicated in the killing. APAP - 47 words
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Article59 1984-12-15 12 WALL STREET stock prices were mixed in early trading yesterday and investor confusion over economic and monetary data kept yesterday's trading in a narrow range, analysts said. The Dow Jones Industrial Average jvas up almost half a point, but in the overall market, losers led gainers by59 words
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Page 12 Advertisements
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Advertisement68 1984-12-15 12 TELEVISION broadcasts in the other languages are: Malay: 7.50pm, Ch 5; CUmw: 8.30pm, Ch 8; and Tamil: 7.06pm, Ch 8. RADIO broadcasts are: Malay: 8.30pm, Radio 2; Chinese: 7.10pm 1 Radio 3; Tamil: 8.10pm, Radio 4. i viii i i RENTAL Approximate 3,700 sq' metres of open land in vicinity68 words
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Advertisement134 1984-12-15 12 ATTENTION SINGAPOREAN GRADUATES FROM AUSTRALIAN UNIVERSITIES The Australian High Commission in Singapore is updating its records of Singaporean students who have graduated from Australian Universities or Tertiary Institutions. The High Commission maintains an interest in the progress and welfare of people who studied in Australia and from time to time134 words
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Page 12 Miscellaneous
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Miscellaneous56 1984-12-15 12 Outlook for today: Showers in several areas in the lote afternoon and early evening. Report for 24 hours prior to 7.30pm on Dec 14 at the airport: Maximum temperoture 31.3 Associated humidity 68 Minimum temperoture 24.2 Associated humidity 93 Hours of sunshine 2.65 Rainfoll in millimetres 18.3 Rainfoll this month56 words
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