The Business Times, 5 January 1985
1985-01-05
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The Business Times
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Title Section12 1985-01-05 1 BUSINESS TIMES M.C. (P) No. 99/1/85- SATURDAY, JANUARY 5, 1985 60 CENTS12 words
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923 1985-01-05 1 LEE HAN SHIH - Stricter control on quality and completion dates By LEE HAN SHIH DEVELOPERS and property buyers yesterday came under a set of new rules that promise to have far-reaching effects on the sale of properties in Singapore. The rules will improve developers' cash flow923 words
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234 1985-01-05 1 THE Second Deputy Prime Minister Mr Ong Teng Cheong has suggested a two-point plan to promote Chinese literary activities in Singapore. He told the audience at the opening of the International Chinese Writers' Forum yesterday that a fund to support such literary activities234 words
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208 1985-01-05 1 A TASK FORCE, headed by Second Deputy Prime Minister Ong Teng Cheong, is believed to have been formed to look into the root causes of the 12.6 per cent electoral swing from the PAP government. The move follows First Deputy Prime Minister Goh Chok208 words
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Article51 1985-01-05 1 WORKERS' PARTY secretarygeneral, Mr J B Jeyaretnam, has filed an appeal against a recent High Court decision to throw out his suit for slander against Mr Goh Chok Tong. Mr Jeyaretnam sued Mr Goh for accusing him of engineering a walk-out at the Singapore Democratic Party inauguration in51 words
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Article, Illustration83 1985-01-05 1 THE SUppwe stack market was steady yesterday becaase of short-eaverers aad bargain h inters. The steady toae came la spite of recent (alls m Wall Street which apparently failed to dam pea seatameats. With the Straits Times Indastrlal Index perched above the Nov 21 low o( 785.2®, observers83 words
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370 1985-01-05 1 ALVIN TAY - By ALVIN TAY RUBBER PRICES in Singapore closed at a two-year low of 165.5 cents per kilo yesterday, reflecting continued low physical buying, the one-week holiday in Japan and the general state of the world economy. Yesterday's closing price for RSS One was less370 words
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131 1985-01-05 1 Reuter HONGKONG yesterday announced a reshuffle of senior officials in the biggest government shake-up in the British colony in years. Sir Philip Haddon-Cave, 59, will retire in June as Chief Secretary, the second most powerful post in Hongkong after the Governor. He will be succeeded byReuter - 131 words
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419 1985-01-05 1 SHAHRIR ARIFF - By SHAHRIR ARIFF THE WORKERS' PARTY has advised Mr MPD Nair not to accept the non-constituency Member of Parliament seat. At a press conference yesterday, Mr JB Jeyaretnam, the party's secretary-general, said: "This decision of the party is the unanimous decision of the executive council419 words
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Article143 1985-01-05 1 PRIME MINISTER Lee Kuan Yew has reaffirmed Singapore's close relations with Brunei, Indonesia, Malaysia and Thailand when he thanked their leaders for the congratulatory messages on the People's Action Party's election victory. The messages from Sultan Hassanal Bolkiah, President Suharto, Datuk Sri Dr Mahathir Mohamad and143 words
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Page 1 Advertisements
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Advertisement98 1985-01-05 1 Sponsor: SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention Organiser: INTERFAMA PTE LTD Tel *****12 v d 9 Ci Balance Ultawand The featherweight club that gives you better accuracy when you tee off. You'll be right on target. Available at all leading sport and golf equipment98 words
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Advertisement243 1985-01-05 1 mm SHARE INFORMATION 10 RAW MATERIALS 4 MONEY A EXCHANGES 5 A NATIONAL Frozen Pork OUR VIEW campaign will be launched t next week *o encourage THE ultimate teom to decide Singapore s destiny would comhabit" of choosing fresh pork over the frozen variety. Peg* 2 WESTERN oil companies appear243 words
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Advertisement11 1985-01-05 1 Full report, Pag* 10 International stocks, Pag* 8 Asian stocks, Pag*11 words
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Advertisement177 1985-01-05 1 MEMC ASIA ~BS' 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 Getting Good People &Keeping Them user's Gu/de The book offers a fresh, unique approach to management. To begin with, it is aimed177 words
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HOME NEWS
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484 1985-01-05 2 MONICA GWEE - PPD to launch national campaign next week By MONICA GWEE WANTED: Converts to frozen pork. A national Frozen Pork campaign will be launched next week to encourage Singaporeans to "break the habit" of choosing fresh pork over the frozen variety. The organisers of the484 words
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Article, Illustration211 1985-01-05 2 THE "Year of the Ox" commemorative coins, in four versions, will be on sale from Monday. The Singapore Mint has pro- duced 5,000 pieces each of 22K gold and sterling silver Macau almanac coins. Two versions each of the gold and211 words
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336 1985-01-05 2 TELECOMS has awarded a $1.37 million contract to Walther and King to install a fire protection system for its new Pickering Street Operations Complex. The contract calls for Walther to install a centralised Halon system for 25 storeys (7th-34th) of the336 words
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131 1985-01-05 2 THE SAN MARCO, a continental restaurant at The Marco Polo hotel, is marketed as an exclusive function/banquet room. The restaurant, built and decorated at a cost of $1.5 million, opened its doors in May 1982. However, since the beginning of this month, it had ceased131 words
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356 1985-01-05 2 TWO JOINT VENTURES are involved in the Emporium Holdings' latest and largest store at Hougang, the Oriental Kimisawa Superstore, due to open on Feb 1. The Emporium's two partners are the Japanese supermarket group, Kimisawa, which will lend a hand in managing the356 words
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129 1985-01-05 2 CHARGE CARD company American Express has regained a foothold in Singapore's supermarket sector. A week after being told by Cold Storage that it would no longer accept its credit cards, Fitzpatrick's has decided to start accepting Amex cards from Monday. Mr Dieter Kops, Fitzpatrick's general129 words
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322 1985-01-05 2 LISA LEE - By LISA LEE OWNERS of Housing and Development Board apartments who fail to maintain property shared with other tenants will have to bear repair costs. Under the HDB's lease agreement with owners, the upkeep of floors, ceilings and walls322 words
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319 1985-01-05 2 A GROUP of local companies on a trade mission to West Asia in December has clinched $4.1 million worth of orders the bulk of which consisted of jewellery, stationery and caps for oil drums. Another $16.3 million worth of orders are under negotiation319 words
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Article, Illustration932 1985-01-05 2 LUCY NG - By LUCY NG FOR nearly two decades, tourists have been coming in in ever increasing numbers, until 1983. Tourist arrivals that year went down by 3.5 per cent compared with 1982. The retail sector did not find 1984 a932 words
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304 1985-01-05 2 THE PRIMARY Production Department (PPD) has introduced a Quality Assurance Scheme to assure consumers that all the frozen pork they buy is good quality frozen meat. The department will also help butchers in wet markets to convert their stalls for frozen pork sales304 words
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OVERSEAS
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467 1985-01-05 3 Reuter NORWAY has said it plans to send a protest note to Moscow over a Soviet cruise tactical missile tracked flying over its territory, although Oslo concedes that it was an accident. Prime Minister Kaare Willoch said the matter was very serious although defenceReuter - 467 words
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Article232 1985-01-05 3 Reuter INDIAN Prime Minister Rajiv Gandhi has selected three neW ministers for two crisis-manage-ment committees in a fresh sign that he wants his own people around him. A government spokesman said yesterday that Defence Minister P V Narasimha Rao has been joined in the powerfulReuter - 232 words
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Article794 1985-01-05 3 Operator Strvici number Local tima From SIA SQIl 0110 LAX/TYO PAA PA5 0155 JFK/SFO/HKG CAL C1333 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 KUL MAS794 words
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291 1985-01-05 3 AFP JAPANESE Prime Minister Yasuhiro Nakasone has come under fire from opponents at home for expressing "understanding" of the US Star Wars space defence system at his summit with US President Ronald Reagan. Japan's opposition camp, perennially outnumbered in Parliament by theAFP - 291 words
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Article61 1985-01-05 3 AFP JAPAN will propose to launch a satellite to beam television programmes to 15 Asian and Pacific countries whose broadcasting systems are insufficient. The Kyodo news agency and the Sankei newspaper in Tokyo said yesterday that the proposal will be made in Honolulu on JanAFP - 61 words
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216 1985-01-05 3 Reuter THE normalisation of diplomatic relations between Indonesia and China will take place eventually but definitely not in 1965. Foreign Minister Mochtar Kusumaatmadja was quoted by the Antara news agency yesterday as saying that renewed diplomatic ties with Beijing, frozen after an abortiveReuter - 216 words
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224 1985-01-05 3 UPI AFP VIETNAM is soon expected to use aircraft for the first time to attack Cambodian resistance forces at their military headquarters near the border with Thailand, Thai military intelligence reports indicate. According to the reports yesterday, Vietnam's attack on the Khmer People'sUPI; AFP - 224 words
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546 1985-01-05 3 NYT WESTERN Oil companies appear to be running down their crude stocks fast in expectation of a major break in market prices. Unwilling to buy oil today if they can get it cheaper tomor-v--row, the companies have let commercially-held stock volumesNYT - 546 words
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Article, Illustration300 1985-01-05 3 AP AMID the traditional pomp and circumstance, the 99th US Congress convened on Thursday. Both the House of Representatives and the Senate were gavelled to order shortly after 1700 GMT with Republicans retaining control of the Senate and the opposition Democrats still in controlAP - 300 words
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212 1985-01-05 3 Reuter A PANEL of prosecutors has agreed that the murder of Philippine opposition leader Benigno Aquino was a military conspiracy. Sources said the three-mem-ber panel would uphold the findings of an official inquiry commission that there had been a military conspiracy. A majorityReuter - 212 words
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WORLD IN BRIEF
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Article73 1985-01-05 3 AUSTRALIAN dockers' and seamen's unions yesterday clamped a 24-hour ban on the operation of flag of convenience shipping throughout Australian ports. The ban, which took effect at midnight, followed a court injunction freezing the funds of the Waterside Workers Federation (WWF). The union was involved in a dispute73 words
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Article50 1985-01-05 3 VIETNAM'S State Council has commuted the death sentences of two of five men convicted last month of treason and spying. The death sentences of Mai Van Hahn, 56, a French citizen, and Huynh Vinh Sanh, 63, were reduced to life imprisonment, according to the official Vietnam News Agency.50 words
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Article36 1985-01-05 3 MILITARY officials of India and Bangladesh have reached agreement on avoiding incidents on their border such as the one on Tuesday in which an Indian soldier was injured, the Press Trust of India said.36 words
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Article44 1985-01-05 3 STRIKING British miner Glynn Deere, without pay since Britain's coal strike began nine months ago, has received £127,500 won on a football pools. A regular picket since the strike began, he said he would be back on the picket lines on Monday.44 words
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Article66 1985-01-05 3 AT LEAST 22 people were massacred late Wednesday in a feud between rival caste men in Uttar Pradesh, India's most populous state. The United News of India news agency said an old petty dispute over a mango tree between two groups belonging to the Hindu caste of Yadavs, or66 words
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Article25 1985-01-05 3 ROVING US Ambassador Vernon Walters may replace Mrs Jeanne Kirkpatrick as US Ambassador to the United Nations, unofficial sources in Washington have said.25 words
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Article60 1985-01-05 3 BANGLADESH'S President Hussain Mohammed Ershad has said that he would hand over power "only to a democratically elected government". He said such a transfer of power was possible "only if the opposition alliances and parties participated in the parliamentary elections" he has offered to hold in April60 words
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Article31 1985-01-05 3 HONGKONG'S Governor Sir Edward Youde will visit the US and Britain later this month. He will leave on Jan 15 for New York and visit London from Jan 19.31 words
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Article43 1985-01-05 3 THE STATE-OWNED Oil and Natural Gas Commission has struck gas in the Krishna Delta of the southern state of Andhra Pradesh. The commission considered the find to be significant as it opened up a new area for oil and gas exploration.43 words
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Article72 1985-01-05 3 THE CENTRAL Committee of the ruling Communist Party in Laos has held its seventh plenum to assess 1964 and outline the 1965 state plan. The state news agency KPL quoted party leader Kaysone Phomvihane as saying in his closing speech that in 1965, the last year of Laos's72 words
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Article51 1985-01-05 3 Agencies THE WORLD'S biggest optical telescope said to be capable of seeing candlelight on the moon will be set up on a Hawaii volcano, Mauna Kea. The California Institute of Technology said construction of the observatory will begin next year and the telescope will begin operations in 1992.Agencies - 51 words
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Article751 1985-01-05 4 Proposed spending cuts not enough to close budget gap by 1988 Reuter UPI AN ECONOMIC slowdown has widened the US budget deficit, and spending cuts proposed by President Reagan will be inadequate to reach his goal of a US$lOO billion deficit by 1988, according to WhiteReuter; UPI - 751 words
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ECO-NOTES
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Article82 1985-01-05 4 THE TOTAL number of Britons out of work fell marginally in December for the third successive month but the underlying trend was towards higher unemployment. The UK Department of Employment said 3.21 million people were jobless last month, slightly lower than the November figure of 3.22 million. Both82 words
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Article49 1985-01-05 4 CHINA'S state-run television will begin a regular programme of world financial news this year. The China News Service said that the thrice weekly programme, called "Window on the world economy," would include quotes from the Hongkong and London stock exchanges as well as the world gold market.49 words
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Article55 1985-01-05 4 ASIA'S premier trade exhibition on bank systems and technology, Banque Asia '85, will be held for the first time in Hongkong in September. The organisers said the exhibition, traditionally held in Singapore every two years since 1980, was switched to Hongkong this year in response to55 words
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Article40 1985-01-05 4 REAL ESTATE spending in the US rose 1.1 per cent in November to U*****.2 billion, the biggest rise since August. The rise was mainly the result of a 5.2 per cent increase in non-residen-tial work to $85.2 billion.40 words
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Article59 1985-01-05 4 Agencies PETRONAS has, for the second consecutive year, been chosen as one of the top 30 safest companies in the world in 1984. The award is given by the British Safety Council annually to 20 companies in the UK and 10 others in the world. The coveted SwordAgencies - 59 words
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244 1985-01-05 4 Reuter THE US and South Korea will stage joint military exercises involving more than 200,000 men from Feb 1. American forces, including an aircraft carrier battle group, will join the 40,000-strong US force in Seoul for the threemonth manoeuvres called "Team Spirit 85".Reuter - 244 words
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127 1985-01-05 4 AP A SOVIET physicist who was working on an exchange programme at the Fermi National Accelerator Laboratory near Chicago has been granted political asylum in the US. The US Immigration and Naturalisation Service said yesterday that Artem Vladimirovich Kulikov, 51, defected on •Dec 24AP - 127 words
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139 1985-01-05 4 UPI BRITAIN made an "ultra-se-cret" decision in 1954 to abandon the defence of Hongkong despite the threat of a possible Chinese invasion. The London Times yesterday quoted newly released Cabinet documents as saying that for 30 years before the recent treaty withUPI - 139 words
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419 1985-01-05 4 NYT THE LONG-DELAYED Hongkong-Guangdong joint venture to build China's first nuclear power plant at Daya Bay will start in Beijing on Jan 17. The breakthrough came after Hongkong's executive council decided it had no objections to the Hongkong Nuclear Investment Company participating in aNYT - 419 words
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Article162 1985-01-05 4 FT THE HONGKONG government has insisted that it would not hesitate in prosecuting individuals found to have offered financial favours in return for loans from Bank Bumiputra Bhd, the leading Malaysian bank at the centre of the country's biggest ever financial scandal. The comments were inFT - 162 words
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Page 3 Advertisements
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Advertisement14 1985-01-05 3 ȴV\ VM Pan Am. Daily 7475P To USA. It Flies Smoother, Faster And Quieter.14 words
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Page 3 Miscellaneous
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Miscellaneous25 1985-01-05 3 Doonesbury •17: I! I BARNey.rft HHY.sorris. W6| M£,nCK!RtCK HOUJARBYOU. I ROF6RN, FfiOH RJQVGOOPW •"I CDU£6B! Se£yOUA6AIN m m as >4 I I BY GARRY TRUDEAU25 words
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RAW MATERIALS
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Article151 1985-01-05 4 Chinese Produce Exchange (Seders' noon closing prices on Jon 4. S$/100 kg) Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW B W FOB NSW 492 50 438 00 281.00 Coconut oil Bulk FOB Old drum FOB New drum FOB Copra Mixed (loose) Pepper Muntok white FOB NLW Sarawak151 words
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Article285 1985-01-05 4 Singapore A-l speciol C-l speciol C-l Ordinary 187 unq unq (S$/ki4o, ex-godown) Thai white Loonzaai 100% 100% 1st class first grade (kangaroo) new crop 100% second grade 0 96 100% third grade 235 unq 100% 2nd class 100% 3rd class ore PorboiM No stock YrvL, No stock IUHb 237285 words
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Article101 1985-01-05 4 THE Koala Lumpur Tin Market price remained at the International Tin Agreement floor-level price of Ms2f.ls per kg yesterday. The buffer stock manager continued to provide support and there was some renewed Japanese and local buying Interest. Turnover was 155 tonnes compared with 154 tonnes on Thursday. There101 words
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Article162 1985-01-05 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,950 Blue Phoenix 20's 3,050 Blue Phoenix 32's 3,650 Blue Phoenix 40's 3.900 Carded yarn, hank Blue Phoenix 21's 3,300 Combed yarn, cones Blue Phoenix 32's 4,600 Blue Phoenix 40's 4,800 Open-end yarn 2,650162 words
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Article180 1985-01-05 4 SINGAPORE The market closed lower yesterday with January One RSS buyers quoted at 165.50 cents per kg, down 3.25 cents from Thursday. The morning session lost 2.75 cents on a general lack of buying interest in quiet trading. Prices lost further ground in the afternoon. MALAYSIA The market closed180 words
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Article353 1985-01-05 4 RAS prices (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 164 50 165 50 164 00 165 OON Int 1 RSS Jon 85 166 50 167 00 165 50 166 00 Int I RSS Feb 85 172.25 172 75353 words
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Article112 1985-01-05 4 (cents/kg, 1-to n pallets) J onuor y 85 February 85 (current mth) (forward mth) RAS NOON NOON Buyers Seller! Buyers Sellers SSR 20 167 00 169 OON 169 00 171 OON SSR 50 165 00 167 OON 167 00 169 OON MRELB Buyers Sellers Buyers Sellers SMR112 words
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Article137 1985-01-05 4 MALAYSIAN crude palm oil prices rose further on covering interest in thin trading yesterday, with Pakistan's RBD palm oil purchase and a higher Chicago soybean complex aiding sentiment. January deliveries in the central and north regions firmed MJ7.50 to $1,270 and $1,262.50 per tonne, respectively, while south rose137 words
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Article136 1985-01-05 4 SOYBEAN futures on the Chicago Board of Trade closed 5'4 to two US cents per bushel higher on Thursday, with March settling near the top of a sixcent range on the day at 573 1 4 cents The slow country movement allowed steady local and professional buying in sympathy136 words
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Article136 1985-01-05 4 WHEAT futures on the Chicago Board of Trade closed on or near the lows on Thursday, down 2" 2 to 1 3 4 US cents per bushel. March settled at 344 cents after being held to a 3V4cent range on the day. The growing belief that Thursday's Egyptian tender136 words
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Article799 1985-01-05 4 COFFEE Robusta futures ended weaker on Thursday on nearby positions after 658 re-tenders were posted against spot January. Re-tendering depressed sentiment on January which ended at £2,238 a tonne, down £22, and at a £37 discount to March, which finished at £2,275, down £15. Positions from May onwards799 words
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BANKING AND FINANCE
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Article463 1985-01-05 5 AMY BALAN - Public sector accounts for 60pc of increase By AMY BALAN THE GOVERNMENT and statutory boards were responsible for $247 million, or close to 60 per cent, of the rise in customer deposits placed with banks last October. This is by far the biggest single monthly increase463 words
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295 1985-01-05 5 AP THE FIRST official exchange rate of 1985 for China's currency, the renminbi, was fixed on Thursday at 2.8027-2.8167 to the US dollar, down by 40 per cent from a year ago. The renminbi, which circulates only in China and is notAP - 295 words
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102 1985-01-05 5 Reuter MEXICO made a US$25O million payment to its creditor banks on Thursday, a Citibank spokesman said. The $250 million is part of a $1 billion payment Mexico had been scheduled to make at the end of last year but had put off becauseReuter - 102 words
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Article54 1985-01-05 5 Reuter THE FEDERAL RESERVE entered the US government securities market to arrange fourday and seven-day system repurchase agreements, a Fed spokesman said. Dealers said the federal funds rate was trading at 8 3 i per cent on Thursday when the Fed began its direct injectionReuter - 54 words
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502 1985-01-05 5 Reuter AFTER a series of blows in 1984 including the government rescue of a major bank and the failure of many smaller institutions, the US banking industry is getting these shocks out of its system and seemsReuter - 502 words
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250 1985-01-05 5 Reuter TAIWAN is studying measures to relax further banking and financial regulations in an effort to liberalise Taiwan's money markets, central bank governor Chang Chi-Cheng told a parliamentary committee on finance and monetary affairs. Mr Chang did not elaborate but a bankReuter - 250 words
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329 1985-01-05 5 Reuter US CREDIT markets are likely to extend Thursday's gains as fears of a renewed squeeze on credit to restrain a rebounding US economy recede and as the federal funds rate continues to fall, economists said. Irwin Kellner, chief economist at ManufacturersReuter - 329 words
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Article208 1985-01-05 5 Reuter UK MONEY market interest rates closed as much as V« point firmer on Thursday in thin and nervous trading on fears of higher UK clearing bank base rates. Sterling's continued vulnerability in the face of a strong dollar and falling oil prices putsReuter - 208 words
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257 1985-01-05 5 Reuter EGYPT has announced new currency measures, including a partial flotation of the Egyptian pound, to curb black market money dealing and ease supplies of hard currency available to importers. Black market dealers, now the only source of hard currency forReuter - 257 words
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MONEY AND EXCHANGES
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Article590 1985-01-05 5 SINGAPORE The US dollar closed firmer against most major currencies yesterday but was below its high in thin late trading. It closed firmer at 3.1630/40 marks compared with New York's 3.1535 50 close, but below its high of 3.1675 and at 2.6235/45 Swiss francs compared with 2.6135/50 but590 words
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Article87 1985-01-05 5 RESULTS of tender held yesterday for: 91-day Treasury bills to be issued from Jan 7 to Jan 11. Offered: $160,000,000. Applied for: $210,690,000. AJJetted: $160,000,000. Accepted His: $99.27 approximately 71 per cent; higher bids in full. Average rate «f dlsceut m allotment: 2.915 per cent per annum. 182-day87 words
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Article120 1985-01-05 5 THE OVERNIGHT rate on the Singapore interbank money market fell by l'/apoint from Thursday to close at 5 3 per cent yesterday. The one-month term rate remained unchanged, the two and three-month rates fell by 1/16-point each. S$ interbank rates at 3pm yesterday Off* Bid Overnight 5 3/8120 words
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Article, Illustration291 1985-01-05 5 Asian market ASIAN dollar deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Short-dates firmed 1/16 point at the start supported by a steady US federal funds rate and were then unchanged with week end closing at 8-11/16 8-9/16 and week fixed at 8-9/16 8-7/16. Periods were291 words
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Article233 1985-01-05 5 Interbank rates at 3pm Local doMors to om unit of foreign tarday c raaa parity eft.*. currency: US dolor 2.1975 2.1985 ***** -22 06 Sterling pound 2.5216 ***** ***** -65 68 Australian dolor 1 7920 1.7939 3 4286 -47.73 NZ dolor 1 0396 1 0416 3 4286 -69233 words
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Article320 1985-01-05 5 BA Futures Inc EURODOLLAR futures opened higher yesterday because of the softer federal funds and Eurodeposit rates. March contract opened four ticks higher than CME's close at 90.56 and traded higher to close at the day's high at 90.59. March D-mark opened 14 ticks higher at 0.3182 after aBA Futures Inc - 320 words
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Article167 1985-01-05 5 HONGKONG The metal closed steady at U*****.10/60 an ounce yes- < terday, against an initial i $302.00/50 and New York's finish of $301.50/302.00. On the local market, i gold ended HK$6.OO below Thursday's close at $2,829 < a tahil The krugerrand lased $5.00 to $2,460. I TOKYO j Futures167 words
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Page 5 Advertisements
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Advertisement83 1985-01-05 5 Q SINGAPORE FACTORY DEVELOPMENT LTD 5575,000,000 GUARANTEED FLOATING RATE NOTES DUE APRIL 1986 In accordance with the provisions of the Notes, notice is hereby given that for the Interest Period from 4 January 1985 to 4 April 1985, the Notes will carry an Interest Rate of 6.5% per annum. The83 words
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TIME-OFF
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Article486 1985-01-05 6 THE NEW CABINET has acted swiftly in giving a full indication of the direction it intends to take and the role that has been assigned to each member. And those indications are encouraging. Major changes to present policies seem unlikely. What can be expected is a486 words
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Article, Illustration774 1985-01-05 6 IRIS KRASNOW - Author delves into ethics, profits and the drug industry By IRIS KRASNOW UPI ARTHUR HAILEY's new book, Strong Medicine, suggests some pretty potent stuff, but the author insists he's not playing doctor and it's not a medical treatise. "I'm a storyteller not a non-fiction writerUPI - 774 words
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185 1985-01-05 6 A GUZHENG recital by a brother and sister team is slated for this coming Friday's lunchtime concert at the Shell Theatrette. Mr Au Yong Leong Eang and Miss Au Yong Keok will be playing an instrument that was popular as early as 475 BC. Today,185 words
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264 1985-01-05 6 STRAWS in the Wind k A SERVICE that could soon be in great demand is implied by the name of one consultancy firm. Although a doctor said recently that Singapore is not yet threatened by the disease called the Acquired Immunity Deficiency264 words
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546 1985-01-05 6 TWO stage productions which will be held during the latter part of this year are inviting people to join in the acting, singing and fun. The National University of Singapore Society is scheduling the Strauss comic opera, Die Fledermaus, in October546 words
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Page 6 Advertisements
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Advertisement381 1985-01-05 6 K TIMES CONFERENCES Presents A TOP-LEVEL CONFERENCE ON CORPORATE FOREIGN EXCHANGE MANAGEMENT IN MALAYSIA NEW TECHNIQUES STRATEGIES 6 ft 7 FEBRUARY, 1985 MING COURT HOTEL, KUALA LUMPUB OPENING AND KEYNOTE ADDRESS: STRENGTHENING THE MALAYSIAN RINGGIT FOB THE ECONOMIC CHALLENGES OF THE liB9t YJL Date* Sabbaruddin Bin Chlk, Deputy Finance Minister,381 words
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Page 6 Miscellaneous
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Miscellaneous907 1985-01-05 6 QUANTITY, not quality, sums up the response to our Christmas crossword puzzle competition. We received dozens oI entries, but not one was completely correct. The clue that stumped most entrants was 68 Across, M Type of Coffee'*. So many wrote Mocca instead of Mocha. Nine entries were just one clue907 words
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SPORTS
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Article, Illustration612 1985-01-05 7 BRIAN MILLER - By BRIAN MILLER IT IS GOING to be Ivan Allan's cup. It might even be a one-two finish for this brilliant trainer in the season's last classic the $125,000 Yang Di-Pertuan Negeri Gold Cup race at Penang tomorrow. When acceptances closed612 words
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357 1985-01-05 7 SINGAPORE'S amateur golfers will usher in the New Year in the traditional fashion with the Singapore Golfers Association "Premier League competition. The competition usually parades the cream of the Republic's amateur golfing talent from the eight SGA-affiliated clubs. Unfortunately, that will not357 words
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Article, Illustration559 1985-01-05 7 WALTON MORAIS - By WALTON MORAIS THE MAIN EVENT for fans at the Asian junior squash championships which starts today will be the battle for second spot between arch rivals Malaysia and Singapore. Benny See, however, is focussing his attention elsewhere. "I'm looking beyond559 words
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Article122 1985-01-05 7 AFP THE JINXED race horse, Silver Star, which caused the death of British jockey Brian Taylor in Hongkong last month after French jockey Philippe Paquet was seriously injured earlier this year, was killed on Thursday by injection. David Yau, information secretary of the Royal Hongkong Jockey Club,AFP - 122 words
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Article989 1985-01-05 7 VHMI KEPPEL WHARVES Al-Sana Baab Ullah Builder III Gui Yang 1 Yermoshkin Itaimbe Kris Melela Qu Jiang Sun Timor T urkmeniya African Highway Anchan Cottbus Friendship Georgios Xylas Grand Weal Kim Soon Li Manoloeverett Straits Star Trans Hav PASIR PANJANG Berth 45 31/2 22 46 50 33/4989 words
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Page 7 Miscellaneous
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Miscellaneous868 1985-01-05 7 TO QIE) GftDQ® CHANNEL 5 12.30 PM SBC Text "Live" Sample Pages 1.00 Opening and Programme Higtights followed by Sesame Street 2.05 Smurfs (r) (Cartoon) 2.35 Saturday Matinee Mountain Charfie 4.10 HaKan Footbal Napoii vs Sampdoria 5.00 Muzfliarama (Malay/r) 5.40 The Al New Popeye Show (Cartoon) 6.05 Cultural Diary (English)868 words
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Miscellaneous49 1985-01-05 7 News Summary 1.31 Network UK 1.45 Country Music Profile IIM News Summary 11.11 Music Now lI.SI Saturday Special U.M Radio Newsreel 11.15 Saturday Special 12 MN World News 12.11 AM Commentary 12.15 Saturday Special 1.1 l News Summary followed by Saturday Special 1.45 Sports Roundup 2.M Newsdesk 2.31 Close49 words
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INTERNATIONAL STOCKS
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347 1985-01-05 8 AFP INVESTORS are looking for a better year than the last on Wall Street, when the Dow Jones index dropped by 3.74 per cent to 1211.57, after gaining 20.3 per cent in 1983. On the second New York market, the American StockAFP - 347 words
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138 1985-01-05 8 Reuter HONEYWELL Inc expects its earnings and revenues to increase this year as US business continues to expand. Chairman Edson Spencer reports that Honeywell's capital spending this year for property, plant and equipment will be "up moderately" from the US$35O million last year. Mr Spencer alsoReuter - 138 words
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279 1985-01-05 8 Reuter WALL STREET stock prices dropped sharply again on Thursday in spite of a midafternoon rally attempt that failed because of institutional investment apathy and uncertainty about the health of the US economy. The Dow Jones Industrial Average fell by 9.05 to 1189.82.Reuter - 279 words
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Article140 1985-01-05 8 JAN 03 C$ Imp CM 42* Abrtito) 32* Inco 15* Alcon Algoma Bank Mont 36* 18* 25* 13* 34* 25* unch Int Uts Intl (shekel 21* 14* Bonk Nova Scotia Bel Tel BP Can Ltd Lobkjw B Massey Ferg 18* 3* unch 30V. Can Imp Bk Can Prm Mg140 words
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Article188 1985-01-05 8 JAM 03 Rand Trust 0k 220 1026 2 unch INDUSTRIALS A Alpho 900 Abercom 132 AF And CI 770 10 unch Urrn.ee Woohworth 525 1450 MININGS 2280 -5 -80 Arnopfop 340S ***** AMIC 2525 1500 -25 1065 -10 Buffets 6650 -700 C G Smrtti 2150 450 CNA 230 Com188 words
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Article423 1985-01-05 8 JAN 03 US$ 16* -It NCR Corp 25* 154 1* 36* FMC Cp 544 •1* 57* 28 434 -1* 37 164 -It 23* 224 13* 34 unch 28* -1* 48 -1 39* Aln-Cholmers 6* 63* unch GAf Cp G«n Corp 244 404 Am Broadcast Am Can Co 61*423 words
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Article926 1985-01-05 8 Amsterdam JAN 03 Fb ABN 369 0Q -3 153 50 -1 5 Ahold 194 00 -0 5 Akzo 101 50 -05 AMEV ***** -1 3 Amtos 6660 -09 Ber* BoK 101 00 -I Borujrrai Boska Burtet Caiond 33 90 +04 Calv Dek Mi, 93 50 -0 3 EKevief926 words
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Page 8 Advertisements
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Advertisement578 1985-01-05 8 f I The Tea Garden presents Talay Thong Basket A tempting array of prawns, shrimps, i mussels, crabs, lobsters and crayfish cooked in the traditional manner./y Set lunch and dinner SJB++. Or choose your own combination of seafood at ala carte k\ Prices. Ah sSCJA m mw/M PAVILION INTER! CONTINENTAL578 words
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Advertisement139 1985-01-05 8 London stocks, Page 11 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. Mappy Hours: spm-7pm, 25% off all drinks. CRown OPR/NCE HOTEL 270 Orchard139 words
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ASIAN STOCKS
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Article384 1985-01-05 9 HONGKONG: The Hang Seng Index closed 26.32 higher at a 29month high of 1,262.30 after a day of heavy trading featuring overseas buying and local selling yesterday. Cheung Kong rose 30 cents to HK$ll, HK Land 2.5 to $3.85, Hutchison Whampoa 30 to $19.10, Sun Hung Kai Properties 10384 words
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Article224 1985-01-05 9 JAN 04 Al Sincere Indus A no C«m«nl Cathay Com Chang Hwo Bank NT J 605 25 70 28 40 53 50 1840 005 -02 unch 05 -0.1 •Chem Indus Lien Hwo Indus Non Ya Plos Pocific Cons Pocific Elect Wire 17 90 1125 30 00 26 30 18224 words
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Article421 1985-01-05 9 TOKYO: Share prices closed higher yesterday after moderate trading on the first business day of 1985, traditionally a half-day, as financials contered softeness in other areas to boost the average 15.46 to 11,558.06. The Stock Exchange Index climbed 3.56 to 916.93 while the second section of the market drop-421 words
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Article123 1985-01-05 9 MANILA: Share prices closed mixed in quiet trading yesterday. The Commercial and Industrial Index fell 0.66 to 104.18, the Mining Index rose 22.34 to 746.58 and the Oils Index was unchanged at 0.583. JAN 04 PMOI Orientol B Phil Overseas 0 0095 0 0065 0 0005 unch Acoie Mwung123 words
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Article490 1985-01-05 9 SYDNEY: Share markets closed weaker yesterday on improved volume after further declines on overseas exchanges and a brief fall in the bullion price through the US$3OO mark in London. At the close, the All Ordinaries Index was down 5.1 at 721.4, the All Industrials Index was down 0.7 at490 words
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Article156 1985-01-05 9 BANGKOK: Share prices closed higher in quiet trading yesterday. The Book Club Index rose 0.41 to 128.105 and advances led declines by a seven-to-five margin. Turnover was 137,312 shares worth 23.8 million baht compared to 896,782 worth 194.6 million on Thursday. JAH 04 Bofctt Siam City Cement 566 128156 words
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Article89 1985-01-05 9 ion 4 Won Hyundai Motor K A L 645 565 20 -25 Bonk Seoul 667 -43 742 38 Choheung Bk 612 -38 Korea Oil 1785 70 Commerool Bk 700 -20 425 24 Doelim knd Cotwoo Corp 520 439 630 -25 50 32 Lucky Ltd Samsung Co 750 822 84589 words
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Article63 1985-01-05 9 Reuter BROKEN HILL PROPRIETARY Co (BHP) has awarded a As 64 million contract to SMS Schloemann-Seimaq for the design, supply, erection and commissioning of a second continuous slab casting machine at its Port Kembla steelworks. BHP says the casting machine is the major unit inReuter - 63 words
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341 1985-01-05 9 Reuter PEKO-WALLSEND will buy the 53 per cent stake Bell Resources has in petroleum explorer Weeks Australia for Asl4l million. Bell and Peko say in a joint statement that Peko will also acquire the issued capital of Weeks Exploration Co and WeeksReuter - 341 words
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148 1985-01-05 9 Reuter COMALCO acquired the 17.5 per cent stake held in Eurallumina SPA by Metallgesellschaft AG, increasing its stake in the Sardinian alumina refiner to 37.5 per cent with effect from Jan 1. Comalco says in a statement the remaining 62.5 perReuter - 148 words
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182 1985-01-05 9 Bernama AUSTRALIAN construction company Leigh ton has recorded a 78 per cent increase in turnover to A 5579 million and a 5 per cent increase in after-tax profit to $21.1 million for the 1983 84 financial year. Earnings per share increased by 3.8 per centBernama - 182 words
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92 1985-01-05 9 Bernama THE KLASSE Departmental Store group of Brunei has been given a franchise by Kumpulan Industri Nasional to set up Sate Ria outlets in Brunei. The chairman of Klasse, Haji Hafiz Laksamana, said for a start, three outlets wouldBernama - 92 words
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Page 9 Advertisements
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Advertisement98 1985-01-05 9 &"?!;'^~\^&^},!.|!;~~)\^]`._<$| TONIGHT! PLUG INTO AN ELECTRIFYING EXPERIENCE! THE lON BAR 9 i 7a lON BAR ©TIJSU 405 Havelock Road. Singapore 0316 Tet 733 2081 r g gahi7 fm AM Baron's Table Sunday Brunch... you'll love it.' Give mum a break this Sunday and bring the family in for our taste-tempting98 words
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Advertisement133 1985-01-05 9 f The authentic taste of Japan A Japanese manager Japanese Chefs. A sushi counter, four teppanyaki griddles, a spacious a la carte restaurant and several tatami rooms Open for lunch and dinner Set Lunch from $17 subject to 10% service charge and 3% CESS Ample free parking Century Park Sheraton133 words
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Advertisement156 1985-01-05 9 Q>> Paramount HotelWhere the happy people go w COCKTAIL LOUNGE KM* Experience a new and refreshing concept in cocktail lounge entertainment. Experience The Gazebo The frontispiece of Paramount Hotel, away from all the hustle and bustle. A free flowing garden terrace in subtle shades of grey and beige And a156 words
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Advertisement76 1985-01-05 9 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. HKSTON INTbRNATIONAb SINGAPORE Dine in the grand tradition of emperors Where sumptuous meals are prepared by masters in Beijing76 words
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Advertisement139 1985-01-05 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL LOUNGE With Ramon D' New Blackjacks and the 2nd Addition Buy a drink during Happy Hour and the next one's on the house! Our drinks include: Black White Premium Scotch, Renault OVB, Pernod 45, Bristol Cream, Peter Heering, Old Oak White Label,139 words
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SHARE INFORMATION
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Article, Illustration4144 1985-01-05 10 RECENT Wall Street weaknesss failed to deter bargain hunters and shortcoverers yesterday. The BT Composite Index edged up by 1.20 points to 696.33 while the Straits Times Industrial Index inched up by 2.54 points to 795.72. Volume was moderate at 10.13 million units worth4,144 words
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Article253 1985-01-05 10 SINGAPORE Rises Indices Esso 50< MUMtgSOl 265 225 11 11 ion 3 J*n4 Moonnan CofpR UOL 320 200 10 10 8T Composite IT Indicator 697.13 696 33 *****72 *****75 F A C B S0« 234 8 •TOI/OS .223 -166 lottMk 350 +6 ST Industrials 793 18 795253 words
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508 1985-01-05 10 THE Kuala Lumpur stock market closed on a slightly steadier note yesterday for the first time in the new year as a result of some light buying support. The market opened at around overnight levels and drifted aimless with little price changes. Selective stock, however,508 words
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Article3486 1985-01-05 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".3,486 words
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Page 10 Advertisements
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Advertisement7 1985-01-05 10 Butinmsdon* on ttw KLSE S— page 117 words
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COMPANY NEWS
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Article787 1985-01-05 11 HOCK LOCK SIEW NINETEEN EIGHTY-FOUR was not a banner year for the stock market, but it was an exceptional year for this columnist. Out of the 46 times in 1984 that Chart Point appeared, 40 features were on specific buysell situations, and 31 of thoseHOCK LOCK SIEW - 787 words
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103 1985-01-05 11 Bernama INTERNATIONAL Wood Products Ltd (Interwood) will proceed with the rights issue of 8.4 million shares as announced last Nov 30. In a statement, the company said the rights issue in the proportion of one for one will be offered at a subscription priceBernama - 103 words
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Article423 1985-01-05 11 AMY CHEOK - By AMY CHEOK THE OVERSEAS Union Bank group has now emerged as one of the largest single shareholders in Asia Commercial Bank, following an agreement to raise its stake in the smallish banking outfit by another five per cent. In the latest development, OUB said423 words
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Article216 1985-01-05 11 Managers' prices for Jan 5 7 Second B'putro 4 84 Third B'putro 4.00 Fourth B'putro 4.36 489 4.05 4.41 Singapore Unit Trust Fifth B'putro 2 99 Sixth B putro 2.88 3.04 2.93 The Commerce 2.34 2.48 Seventh B'putro (A) 2.02 207 The Savings Ftrtd 1.62 1.72 Seventh B'putro216 words
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Article95 1985-01-05 11 HONGKONG Australian Industrials Hang Seng Index Friday 1081.2 Thursday 1081.9 Friday 1262.30 Week ago 1081.8 Thursday 1235.98 NEW YORK Week ago 1185.67 Dow Jones TOKYO Thursday 1189.82 Wednesday 1198.70 Tokyo Dow Jones Week ago 1202.52 Friday ***** 06 Standard and Poors Thursday Closed Thursday 164.57 Week ago *****.6095 words
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971 1985-01-05 11 NINETEEN eighty four was not a particularly good year for raising money in the stock market for two main reasons: the overall soft market conditions and stricter vetting by the Stock Exchange of Singapore as far as Singapore companies were concerned. Thus,971 words
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Article2124 1985-01-05 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 A Owe (3.005) (4) 3 00 (3) 3.32 AMD2,124 words
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Article875 1985-01-05 11 Equities opened slightly easier yesterday but trading was quiet ahead of the week-end. The FTSE 100 at 0945 GMT was down 0.9 at 1206.2. Sentiment was jaded following Thursday's sharp falls on fears of higher interest rates on sterling's recent weakness. Operators await next Tuesday's UK money supply875 words
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437 1985-01-05 12 LIM SOON NEO - By LIM SOON NEO THE National Association of Travel Agents, Singapore (Natas) and the airline groupings in Singapore have been working towards new policies and practices which may have a significant impact on the travel trade here. Mr PR Gopal, president of Natas, which437 words
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Article, Illustration615 1985-01-05 12 SOH TIANG KENG - By SOH TIANG KENG THE Export Credit Insurance Corporation of Singapore (ECICS) has responded to the needs of exporters by making changes to its guarantee schemes and policies. These changes, together with its plan to triple its marketing staff, are part of a more aggressive marketing615 words
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294 1985-01-05 12 THE PEOPLE of Tambunan, Sabah, have incurred the wrath of the ruling party by rejecting its candidate in a recent byelection. According to The Borneo Bulletin, the Berjaya state government has responded to the election of Independent candidate Datuk294 words
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431 1985-01-05 12 THE MASS Rapid Transit Corporation has awarded the first of four civil works contracts under phase 1A of the MRT system and will award the other three in the first half of this year. The first contract, awarded in US currency at431 words
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Article69 1985-01-05 12 WALL Street stock prices were moderately lower yesterday as the market continued a two-day correction. The Dow Jones Industrial Average, which fell nearly 22 points in the previous two sessions, was down another three points yesterday to under 1187. Overall, losers led gainers two to one. Volume69 words
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LATE FILE
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Article47 1985-01-05 12 AFP TAIWAN was the top Asian textile exporter to the US last year. Taiwan Textile Federation statistics showed that Taiwan exported nearly 1.3 billion square yards of textiles to the US, ranking above Hongkong and South Korea for the first time.AFP - 47 words
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Article39 1985-01-05 12 Reuter CHINA has set up an import-export firm for selling vehicles, accessories and related equipment. Xinhua New 6 Agency said Liberation (Jiefang) Motor Vehicle Corp will also import machines and materials to upgrade production.Reuter - 39 words
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Article36 1985-01-05 12 NST MOVES are underway to freeze the assets of six former Bumiputra Malaysia Finance executives, including its former chairman Mr Lorrain Esme Osman, a senior official of Bank Bumiputra said. NSTNST - 36 words
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Article42 1985-01-05 12 Reuter VIETNAM will observe a 41day ceasefire along its troubled border with China to mark 35 years of diplomatic relations between the two countries and to celebrate Lunar New Year, the official Vietnam News Agency said yesterday. ReuterReuter - 42 words
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Article40 1985-01-05 12 AFP THE European Economic Community and the US, ending a steel war, reached an agreement yesterday limiting to 7.6 per cent of the US market exports of European steel tube for 1965 and 1906. AFPAFP - 40 words
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33 1985-01-05 12 Reuter WATER entering an underground storage tank probably caused the Bhopal gas disaster in which 2,500 people died, India's top government scientist, Mr S Varadarajan, has said.Reuter - 33 words
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Page 12 Advertisements
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Advertisement115 1985-01-05 12 et paid from2oodifferent places. "V T 1 i 'it 1 f. ft i o x- BMC m m ■:.-v >o*r,e* i <■«*# rl 1 >- •>> ■"'jm. «r?. '< 111 Now you need not withdraw your pay from just one place. In fact you can now do that at 200115 words
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Page 12 Miscellaneous
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Miscellaneous52 1985-01-05 12 Outlook for today: Fair, with showers in the evening. Report for 24 hours prior to 7 30pm on Jon 4 at the airport: Maximum temperature 31.4 Associated humidity 73 Minimum temperature 22.8 Associated humidity 97 Hours of sunshine 8.25 Romfall in millimetres 0.1 Rainfall this month 27.5 Rainy days this52 words
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