The Business Times, 19 January 1985

Microfilm: NL14886
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, JANUARY IS, 1985 60 CENTS
    12 words
  • Article
    Dunlop hit with surprise bid
    460 1  -  Share offer values debt-ridden group at £44m and alternative cash offer at £39.7 m By LORETTA McLAUGHLAN BTR PLC, one of Britain's biggest conglomerates, yesterday made an offer for debt-crippled Dunlop Holdings PLC in London. The share offer values Dunlop at £44.1 million (5108.9 million)
    460 words
  • Article
    DBS to cut prime rate by quarter point from Monday
    484 1  -  By PENG AILIAN DBS BANK will reduce its prime rate by one-quarter point to 8.75 per cent with effect from Monday, Jan 21. This will be the bank's fifth reduction since Oct 29 and will probably set the wheels in
    484 words
  • Article
    Goh plans machinery for formal consultation
    403 1  -  By FOO CHOY PENG SINGAPORE'S younger leaders are to introduce a more participatory style of government which will give the people a greater role in the decisionmaking process, Mr Goh Chok Tong said last night. But, in his maiden speech as the First Deputy
    403 words
  • Article
    Opposition MPs disappointed at SUF's readiness to accept seat
    270 1 OPPOSITION MEMBERS of Parliament Mr Chiam See Tong and Mr J B Jeyaretnam are disappointed that Singapore United Front's chairman might accept the non-constituency parliamentary seat. Mr Chiam said he would regard Mr Tan as merely an appointee of the People's
    270 words
  • Article, Illustration
    STOCK MARKET
    79 1 THE Singapore stock market closed slightly higher yesterday in light trading. Prices eased towards the eod, possibly sig-* nailing the end of the technical rebound which began on Thursday. Bat some observers say that DBS's decision to eot its prime rate, effective on Monday, should help to improve
    79 words
  • Article
    New US tax rulings expected to raise cost of aircraft financing
    503 1  -  By ALVIN TAY SINGAPORE AIRLINES and most of its Asian counterparts can expect higher costs of aircraft financing with the passing of the Deficit Reduction Act of 1984 by the US Congress. Mr Peter Nevitt, chairman and chief executive
    503 words
  • Article
    SATS to have four subsidiaries under its wings
    446 1  -  By LIM SOON NEO SINGAPORE Airport Terminal Services (SATS), the profitmaking subsidiary of Singapore Airlines, will become a parent company with four subsidiaries with effect from April 1. In the new financial year 1985-86, SATS will become the parent company of SATS
    446 words
  • Article
    Fire safety for buildings
    108 1 BUILDING PLANS submitted to the authorities from next month will have to leap another hurdle. The plans must now come under the scrutiny of the newly-set up Fire Safety Bureau. The bureau, operational next month, will have the dual functions of vetting building plans and inspecting
    108 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      206 1 Sponsor SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention Organiser ©INTERFAMA PTE LTD Tel *****12 i9Sizifio ALL STAR POLARIS tf it's long accurate drives you're wanting, the Mizuno All Star Polaris is for you. For woods, the heads are crafted from solid blocks of fine persimmon
      206 words
    • Advertisement
      Page 1 Advertisements Column 2
      269 1 \mm SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGES 5 METAL BOX Singapore has teamed up with British packaging design company Siebert/Head to provide the Far East market with an integrated packaging service. Page 2 AMERICAN Treasury Secretary Donald Regan has suggested that the US might have eased the conditions
      269 words
    • Advertisement
      Page 1 Advertisements Column 3
      156 1 Full report, Pag* 10 International stocks, Page 8 Asian stocks, Pag* 9 (Mr 1 Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of our own. It's not easy to turn that dream into reality. But it may not be as difficult as you think. Not
      156 words
    • Advertisement
      Page 1 Advertisements Column 4
      29 1 MEDIC ASIA "85* S E Asia's 4th Int I Medical, Hospital Dental Equipment Technology Exhibition Conference 18th 21st April 1985 Dynasty/Hyatt Hotels Singapore Organiser ©INTERFAMA PTE LTD Tel *****12
      29 words
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  • HOME NEWS
    • Article
      Metal Box has designs on packaging industry
      350 2  -  By JOANNE YAP METAL BOX Singapore has teamed up with a British packaging design company to provide the Far East market with an integrated packaging service. The company expects its tieup with UK-based Siebert/Head to boost its main activity production of packaging such
      350 words
    • Article
      SAA decides to modify rules of Max Lewis awards
      512 2  -  By ANNA TEO THE SINGAPORE Advertisers Association (SAA) yesterday approved a modification to the selection rules of the Max Lewis awards. The nominating committee can now nominate candidates who are not endorsed by their own companies. The Max Lewis gold and
      512 words
    • Article
      Nestle's Kwik Sam Teck wins F & N Young Advertising Executive Award
      232 2 Nestle's Kwik Sam Teck wins F N Young Advertising Executive Award KWIK SAM TECK, the 29-year x old head of Nestle Singapore's advertising and promotion department, is the first recepient of the F A N Young Advertising Executive of the Year award. In the two years that he has been
      232 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      454 2 ROGER BRADY has been appointed engineering director of General Electric Company of Singapore Pte Ltd. Mr Brady will be principally responsible for the power engineering division of GEC Singapore. He holds a masters degree in business administration from IMEDE Business School, Switzerland and an honours degree in
      454 words
    • Article
      Community's role in care for the aged
      143 2 THE TREND towards smaller family units and family members going to work in the future would mean more elderly people being left at home, said Mr Wan Hussin Zoohri, Parliamentary Secretary (Communications Information). "There is, therefore, this urgent need for external agencies, particulary
      143 words
    • Article
      Terco F E opens new office today
      86 2 A SWEDISH company selling engineering educational systems to government institutions in Singapore is planning to expand its market to include companies which might need the systems for in-house training. Terco Far East Engineering Education Pte Ltd, which has sold its engineering systems to
      86 words
    • Article
      Ngee Ann students display inventions at open house
      228 2 MARKING examination papers can be made less tedious as a group of four final-year Ngee Ann Polytechnic students have shown. The students have developed an optical character sensor that can "read" characters on paper and feed the information into a micro-computer which
      228 words
    • Article
      JCI Senators' office bearers
      63 2 THE JCI Senators Club of Singapore, founded in 1981, has elected its 1985 office bearers. Mr John Tan, a consulting engineer and the vice-president of the club last year, was elected president. He was also a past national president of the Singapore Jaycees (1971). The vice-president,
      63 words
    • Article, Illustration
      These shoes are made for ironing
      218 2  -  By QUEK SWEE PENG IRONING with a shoe? Yes, says Charles Jourdan, the French fashion company. "We like a touch of humour. So we make fun of our products," says Mr Patrick Neiertz, CJ's preside®t and managing director. Mr Neiertz, who is visiting Singapore
      218 words
    • Article
      Singapore's plans for youth year
      235 2 MAJOR YOUTH and social organisations in Singapore will run about 30 activities along the themes of "Participation, Development, Peace" to marie the International Youth Year (IYY). 1985 has been designated International Youth Year by the United Nations General Assembly in recognition of the importance of
      235 words
    • Article
      US economy's real growth forecast to be 3.5 pc this year
      311 2 THE AMERICAN economy will lose some of its vigour in 1985, but sustained by consumer spending, it should stay healthy for the year, according to Mark Gaston, vice-president of the New York-based Irving Trust Company. Speaking yesterday at the
      311 words
    • Article, Illustration
      TRADE TALK
      392 2 AEROJET TECHSYSTEMS of Sacramento, California, and their worldwide representative national offshore' supply company have appointed Ben Line Steamers Ltd as sales representatives in the Far East to sell their aero-safe firefighting systems. A spokesman from Aerojet Techsystems said the AeroSafe System can put up to 16,000 gallons per
      392 words
    • Article
      HDB holds flat-owners responsible for maintenance of property
      260 2 A HOUSING BOARD spokesman said yesterday that the board will not be involved in the settlement of any damages caused by falling windows and other accidents arising from the neglect of property by flatowners. He was referring to a recent press" report
      260 words
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  • OVERSEAS
    • Article
      Lock icon Shultz notes growing partnership with Japan
      557 3 AP AFP AMERICAN Secretary of State George Shultz, citing what he termed "the immense value" of the US' relationship with Japan, said ties could become even stronger with the elimination of trade barriers and increased defence spending by Japan. "America now has a real
      AP; AFP  -  557 words
    • Article
      Lock icon 'US import surcharges may trigger trade war'
      170 3 AP THE ADVISORY parliament of the EEC Commission has adopted a resolution to warn the US that a surcharge on American imports could trigger a trade war. The resolution, adopted by 60-57, urged the commission and the Council of Ministers "to make it
      AP  -  170 words
    • Article
      Lock icon America will protect Israeli interests in Mideast talks
      243 3 AP US NEGOTIATORS will protect the la tercets of Israel if proposed talks with the Soviet Unlsn on the Middle East are ever held, American officials said. Richard Mtrphy, the Assistant Secretary sf State (sr Middle East affairs, would probably represent the
      AP  -  243 words
    • Article
      Lock icon Cypriot leaders hold talks
      136 3 AP GREEK and Turkish Cypriot leaders, meeting for the first time since 1979, shook hands and opened direct talks on Thursday on a first-stage agreement to reunify Cyprus. UN Secretary-General Javier Perez de Cuellar, who has been mediating the talks, said the first ses- sion between
      AP  -  136 words
    • ECO-NOTES
      • Article
        OECD inflation
        91 3 WEST GERMANY and Japan recorded the lowest consumer price inflation rates in the 12 months to last November, when price increases in industrial nations averaged 0.2 per cent against October's 0.5 per cent, the Organisation for Economic Cooperation A Development said. The one-month increase for the 24 OECD
        91 words
      • Article
        Buoyant 1985?
        67 3 THE US building industry last year enjoyed its best performance since 1979, the Commerce Department said, and the White House predicted another buoyant year ahead. A 2.1 per cent rise in construction of new houses and flats last month over November, encouraged by declining interest rates on home
        67 words
      • Article
        Oil imports up
        66 3 CRUDE and refined oil imports rose 7.7 per cent last year to 5.18 million barrels a day, the Oil Industry Institute reported. Crude imports rose 3.6 per cent and refined products were up 14.9 per cent. American output rose 1.4 per cent to 8.81 million barrels a
        66 words
      • Article
        ADB loans
        61 3 THE Asian Development Bank approved on Thursday two loans totaling U5563.6 million for Indonesia for a water supply project covering four provinces and a study in land use for agricultural and forestry production. The bank also announced that France has made a third contribution of $612,000 to a
        61 words
      • Article
        Lock icon Asahan project
        61 3 Agencies THE SETTING UP of a pulp and rayon plant on the Asahan River in North Sumatra will jeopardise the US$2 billion Asahan hydroelectric-cum-aluminium project. The warning was issued by deputy speaker Harjantto Sumodisastro, who recently toured the site of the Indonesian-Japanese Asahan project. The project produces about
        Agencies  -  61 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      760 3 ARRIVALS Operator Service number Local time From SIA SQ11 ono LAX/TYO PAA PAS 0155 JFK/SFO/HKG CAL CI333 0250 TPE RA RA408 0730 BKK/KTM MAS MH681 0820 KUL CV CV796 0845 LUX/AUH KAL KE624 0850 KUL MAS MH603 0905 KUL SV SV378 0920 JED/RUH MAS MH671 0935 KUL
      760 words
    • Article
      Lock icon UK rail workers hold one-day strike
      241 3 UPI RAILROAD WORKERS staged a 24-hour strike on Thursday in central and northern England, stranding tens of thousands of freezing commuters in a protest linked to a bitter 10-month-old coal miner walkout. Low temperatures and snow compounded the problems of people who tried to
      UPI  -  241 words
    • Article, Illustration
      Lock icon US may have eased stand on intervention
      601 3 Regan offers second guideline NYT AMERICAN Treasury Secretary Donald Regan has suggested that the US might have eased the conditions under which the government would step into the currency markets. Over the past four years of the rise of the US dollar, the
      NYT  -  601 words
    • Article
      Lock icon Reagan attacks Soviet attitude
      525 3 Agencies PRESIDENT REAGAN yesterday accused the Soviet Union of indulging in propaganda and failing to negotiate seriously at the 35-nation Stockholm Conference on ways to reduce the risk of war in Europe. He said the US and its allies wanted a fair compromise at the conference
      Agencies  -  525 words
    • Article
      Lock icon Litmus test for M'sian elections
      219 3 AP A BY-ELECTION today for a federal parliamentary constituency will be a "litmus test" on whether national elections will be called this year. Politicians and Western diplomats in Kuala Lumpur said yesterday that the Padang Terap constituency, which includes 40,000 voters in Kedah, is the
      AP  -  219 words
    • Article
      Lock icon Manila opposition leader warns of a possible coup
      459 4 Reuter PHILIPPINE opposition leader Aquilino Pimentel said his country faced a possible military coup unless opposition politicians united against President Ferdinand Marcos. Mr Pimentel told a public meeting on the future of the Philippines in New York on Thursday: "The inability of
      Reuter  -  459 words
    • Article
      Lock icon Datuk Harris says changes coincidental
      73 4 Bernama SABAH Chief Minister Datuk Harris Salleh has said it was coincidental that the administrative changes in the state constituency of Tambunan were made after the by-election there last month. An information department statement released in Kuafa Lumpur on Thursday quoted Mm as saying that
      Bernama  -  73 words
    • Article
      Lock icon Marcos drops charges against Salonga
      233 4 AFP THE MANILA government has dropped subversion charges against opposition leader Jovito Salonga, allowing him to return next week from three years of self-imposed exile in the US without fear of being arrested. The move, announced on Thursday, came as Labour Minister Bias Ople warned
      AFP  -  233 words
    • Article
      Lock icon Untitled
      294 4 Reuter FT OIL MINISTERS or senior officials from seven Opec member countries will meet in Riyadh tomorrow to discuss price differentials. The meeting, chaired by Saudi Arabia's Minister of Oil and Mineral Wealth, Sheikh Ahmed Zaki Yamani, will also be attended by representatives from Kuwait, Qatar, Algeria, the United Arab
      Reuter; FT  -  294 words
    • Article
      Lock icon Shanghai entrepreneurs' club attracts attention
      272 4 UPI AP CHINA'S first "Club of Entrepreneurs", a Socialist version of the Chamber of Commerce, has been established in Shanghai. The China Daily said yesterday the activities of the club were already attracting attention at home and abroad. The club was started last month, and
      UPI; AP  -  272 words
    • Article, Illustration
      Lock icon Rajiv Gandhi to consider attending Afro-Asian Conference in Indonesia
      119 4 AFP INDIAN Prime Minister Rajiv Gandhi, currently chairman of the non-aligned movement, said on Thursday he would consider attending the Afro-Asian Conference in Indonesia in April. Indonesian Foreign Minister Mochtar Kusumaatmadja arrived in New Delhi on Thursday with an invitation to
      AFP  -  119 words
    • Article
      Lock icon China ignores call for ceasefire
      180 4 UPI AFP CHINA, apparently ignoring Hanoi's call for a ceasefire, said on Thursday its troops had repulsed a series of battalionsize attacks in the third straight day of fighting along the tense Sino-Vietnamese border. "Chinese frontier guards on Wednesday turned back eight Vietnamese incursions into
      UPI; AFP  -  180 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      14 3 fWV /VM Pan Am. Daily 7475P To USA. It Flies Smoother, Faster And Quieter.
      14 words
    • Advertisement
      Page 3 Advertisements Column 2
      201 3 U I I ft/ m *r >* m r Golden Phoenix j£"j CHAO ZHOU fp GARDEN fc&fc RESTAURANT sSp Chao Zhou Cuisine Capture the classical charms of Chao Zhou. Our exquisite clay tea sets specially imported from Mainland China enriches the fine art of drinking Chinese tea Chao Zhou Dian
      201 words
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  • RAW MATERIALS
    • Article
      Produce exchange
      155 4 Chinese Produce Exchange Robusta 20/25% FOB NSW Nutmeg 477 50 (Sellers' noon closing prices on Jon 438 00 18. S$/100k^ 110 FOB NSW B W FOB NSW 281 00 Coconut oil Gambier Bulk FOB 175 00 FOB NSW 330 00 Old drum FOB 188 00 New drum FOB
      155 words
    • Article
      RICE
      293 4 Singapore A-l special C-l special C-l Ordinary 177 (S$/Vilo, ex-godown) UOQ unq Thai white Loonzoin 100% 100% 1st class first grade unq (kangaroo) 100% second grode 225 new crop 096 100% third grade unq 100% 2nd class 100% 3rd class 0 70 065 Parboiled 227 222 25% new crop
      293 words
    • Article
      KL Tin
      91 4 THE Kuala Lumpur Tin Market price stayed at the International Tin Agreement floor-level of M 529.15 per kg on continuing lack of demand yesterday. The buffer stock manager took the bulk of the 98 tonnes disposed, down from 171 tonnes on Thursday. There were no foreign concentrates or
      91 words
    • Article
      TEXTILES
      161 4 Yarn. (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2.9S0 Blue Phoenix 20's 3,050 Blue Phoenix 32's 3,650 Blue Phoenix 40's 3,900 Carded yarn, hank 3,300 Blue Phoenix 21 's Combed yarn, cones Blue Phoenix 32's 4,600 Blue Phoenix 40's 4,800 Open-end yarn
      161 words
    • Article
      RUBBER
      198 4 SINGAPORE The market closed lower yesterday with February One RSS buyers quoted at 170.50 cents per kg, down one cent from Thursday. The morning session lost 1.50 cents on lack of buying interest in quiet trading. After hovering narrowly around lunch-time levels in early afternoon trading, prices recovered slightly
      198 words
    • Article
      RAS and MRELB
      362 4 RAS prices (in S cents/kilo, FOB in bales) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 167 50 168 50 167 75 I68 75N Int 1 RSS Feb 85 170 25 170 75 170 50 171 00 Int 1 RSS Mor 85 171 25 171
      362 words
    • Article
      PALM OIL
      153 4 THE MALAYSIAN crude palm oil prices closed off the day's highs yesterday on pre-weekend selling after Pakistan's RBD palm oil purchase and firmer Chicago soyfutures prompted early covering. Market talk of India buying a substantial quantity of RBD olein this week also lent support. January deliveries in the
      153 words
    • Article
      SOYBEAN
      144 4 SOYBEAN futures on the Chicago Board of Trade rallied from mid-session lows to close on or near the highs on Thursday, up five cents to US cent per bushel in moderately light trade. March settled at $5.99*4 after posting a 6 1 -cent range. A late rally in precious
      144 words
    • Article
      WHEAT
      139 4 WHEAT futures on the Chicago Board of Trade closed 1'« cents to Vi US cent per bushel lower on Thursday. March settled at 352' 4 cents after posting a 3' -cent range on the day. A late rally in precious metals sparked local and professional buying in wheat, closing
      139 words
    • Article
      SSR and SMR
      109 4 (cents/kg, 1-lon pellets) p <bfUQ 35 March 85 (current mth) (forward mth) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 165 00 167 00N 167 00 169 OON SSR 50 163 00 165 00N 165 00 167 OON MRELB Buyers Sellers Buyers Sellers smr cv *****
      109 words
    • Article
      LONDON MARKETS
      851 4 COFFEE Robusta futures eased back on profit-taking on Thursday from the new highs of a fairly narrow range to show gains of £17 to £1 apart from distant November and January which were down £6 and £3. March ended at £2,370, up £11 and below the new contract
      851 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      76 4 Doonesbury BAP NEWS, JANATA. INTERPOL HAS PICKED UP ON NOPROBYOUR.RO6UE LEM,NO suf&ew. problem. HO PROBLEM? IMTISTm.W OFFICIAL THIRP UJORLPSLO6M? Jt THF/mmr DAREIWCHMS, PUKE. I'VE JUST IMPS? A mm *miuoN6fm ID PERFORM AN A BY GARRY TRUDEAU IN A FEMJ QMS, IHISCOLUIUAT? U&MUOEC(Mm? WHAIf IN6LOW.iM6OIN6TO betherrsttotrans- PLANT THE HEART OF A
      76 words
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  • SUM um gmasßBANKING AND FINANCE
    • Article
      Lock icon Bundesbank changes trade-weighted index
      364 5 Reuter THE WEST GERMAN central bank has cut to 14 from 23 the number of currencies in its trade-weighted calculation of the mark's value and changed its calculation formula to reflect German trade patterns more accurately. The Bundesbank said the primary aim of the new index
      Reuter  -  364 words
    • Article
      Lock icon HK Bank opens headquarters in New York
      135 5 AP THE GOVERNOR of Hongkong, Sir Edward Youde, has inaugurated the Hongkong and Shanghai Banking Corp's headquarters for the Americas. He forecast a bright future for the bank and the colony. Sir Youde, who is holding meetings with the New York financial and
      AP  -  135 words
    • Article
      Citicorp to manage US$80m Euronote
      349 5  -  By PENG AILIAN CITICORP INTERNATIONAL (S) yesterday signed an agreement to lead manage a US$BO million Euronote issuance facility for Adelaide Steamship Company (Adsteam). Adsteam will issue the dollar notes in denominations of $100,000 or $500,000 with maturities of three to six months. This is
      349 words
    • Article
      Lock icon Mitterrand says franc is in good shape
      208 5 Reuter THE FRENCH franc is in good shape and currently under less pressure from the strong US dollar than the German mark, French President Francois Mitterrand said in a live television interview in Paris. Replying to a question whether a franc devaluation against
      Reuter  -  208 words
    • Article, Illustration
      Year of Ox coins
      133 5 THE UNITED OVERSEAS Bank group has brought Chinaminted coins to Singapore. The coins, minted by the China Mint Company in Beijing, come in individual presentation cases accompanied by certificates of guarantee issued by the People's Bank of China. The Gold and Silver Horoscope Proof Coins are
      133 words
    • Article
      Lock icon Argentina reaches accord with Paris Club to reschedule debts
      117 5 Reuter THE PARIS CLUB of western creditor nations has agreed to give Argentina more time to repay its debts guaranteed by club member governments. Argentine Finance Minister Bernardo Grinspun said in Paris Argentina would repay 90 per cent of capital and
      Reuter  -  117 words
    • Article
      Lock icon Credit Suisse acquires West German bank
      213 5 Reuter CREDIT SUISSE said it has taken over a West Go-man private bank, Grundig Bank GMBH, from the Max Grundig Foundation. A bank statement did not disclose price details. The takeover still has to be approved by the Federal Cartel Office, Credit Suisse said.
      Reuter  -  213 words
    • Article
      Lock icon Dutch minister sees no change in American forex intervention policy
      523 5 Reuter DUTCH FINANCE MINISTER Onno Ruding has said he does not believe there is any change in the US "hands off" approach to foreign exchange intervention policy. He said: "I have not noticed any stronger preparedness on the US side
      Reuter  -  523 words
    • Article
      Lock icon US Treasury unveils new zero-coupon programme
      325 5 Reuter THE US TREASURY has announced a new programme to aid the trading of zero-coupon Treasury issues that will be called separate trading of registered interest and principal of securities (Strips). The first issues that will be made available for the Strips programme will
      Reuter  -  325 words
    • Article
      Lock icon Switzerland unperturbed by easier franc
      103 5 Reuter THE SWISS national bank is undisturbed by the recent easing of the Swiss franc against other currencies, a spokesman said. Asked about the franc's weakness against both the US dollar and mark, he said: "Since the beginning of the year, nothing has happened that
      Reuter  -  103 words
  • MONEY AND EXCHANGES
    • Article
      Forex markets
      749 5 SINGAPORE The US dollar closed lower against most major currencies yesterday. It recovered from an early low of 3.1540 marks to a late 3.1635/45 marks, but still lower compared with New York s 3.1760/75. r The dollar ended easier at 2.6655/65 Swiss francs compared with New York's 2.6750/70
      749 words
    • Article
      Money markets
      120 5 THE OVERNIGHT rate on the Singapore interbank money market rose by 5/8point from Thursday to close at 6-1/2 per cent yesterday. The two and three-month term rates rose by 1/16point each while the onemonth rose by 1/8-point. S$ interbank rates at 3pm yesterday Offer Bid Overnight 6 1/2
      120 words
    • Article
      Foreign exchange
      221 5 Interbank rates at 3pm Local dollors to OA* unit of foreign «mH<yoot ordoy roaa parity efcango currency US dolor Sterling pound Australian dolor NZ dolor Canadian dolor 2.1975 2.4710 1 7979 1 0356 1 6564 2.1985 2.4744 1 7999 1 0376 1 6578 2 8196 ***** 3 4286
      221 words
    • Article
      Lock icon Simex
      314 5 BA Futures Inc REACTING mainly on the smaller-than-expected rise in US money supply, EiwWlir broke upwards from the congestion area in Simex yesterday. March Eurodollar opened at CME's high of 90.99 and easily traded pass this level to the day's high of 91.07 while support could be found at
      BA Futures Inc  -  314 words
    • Article
      Gold
      181 5 HONGKONG The metal closed slightly higher in (airly active trading yesterday as buying interest increased. It closed at U*****.80/ 308.30 an ounce compared with New York's $307.50/ 308.00 close and the 304.60/ 306.10 finish here on Thursday. Local gold added HK$2B to close at $2,868 a tahil. Krugerrand prices
      181 words
    • Article, Illustration
      Asian $ market
      235 5 Asian market •aOCATES Km awrat» t» to prim lan** rata 12 bmki «pvalm in Shcapart ASIAN dollar deposit rates closed steady yesterday at slightly lower opening levels in quiet afternoon trading. Iwlarhank iniorDanK deposit n 7 days 1 month 2 months 3 months 6 months 9 months 12 months ites
      235 words
    • Article
      Treasury bills
      49 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Jan 21 to Jan 25. Offered: $145,000,000. Applied fsr: $163,500,000. Allotted: $145,000,000. Accepted bids: $99.27 approximately 91 per cent; higher bids in full. Average rale sf discount m allotment: 2.930 per cent per annum.
      49 words
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  • TIME-OFF
    • Article
      Culture cannot be planned
      471 6 MOST MAJOR CITIES have a street, or district, that is notorious for being notorious. Hongkong has its Wanchai, Hamburg its Reeperbahn, in London it is Soho, and Bangkok, well, Bangkok is Bangkok. Singapore has Bugis St, but not for long. When it goes, it will be
      471 words
    • Article, Illustration
      Eastern mystique captured
      587 6  -  By MONICA GWEE "I'M THE odd duck. They know I'm the crazy ang moh artist and they enjoy it," said American artist Thayne Madrid who lives in an HDB flat in Dover Crescent. "I'm working on a series of everyday scenes of what life is really like
      587 words
    • Article, Illustration
      Modern dance offering from Hongkong troupe
      284 6  -  By LISA LEE THE RECENT whirl of dance companies to Singapore has been mostly western troupes and it is a pleasant surprise to hear we have a contemporary dance group from the Far East coming here next month. Hongkong's City Contemporary Dance Company will
      284 words
    • Article
      WHAT'S ON
      534 6 CONCERTS Violin recitol by Lynette Seah-Simon and pianist, Shane Thio. Miss Seah is the deputy leader and soloist with the SSO. She started violin studies when she was six and was a pupil of the late Goh Soon Tioe. Mr Thio holds an LRSM diploma and has studied
      534 words
    • Article
      Inviting show flats and the Russian connection
      292 6 STRAWS in the Wind A BANNER along Cluny Road could be open to gross misinterpretation, especially by staff of the Soviet Embassy whose living quarters are close by. Posted outside a row of newly built apartments, the banner reads: "Show flats now open.
      292 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1180 6 TO HUE) mm I HIGHLIGHTS Great Performance Playhouse The Prince Of Homburg 8.30 pm, Channel 12 This play was written by Heinrich Von Kleist in 1811. Based on a 17th century incident, the Prince of Homburg is a romantic study. It tells the story of a young Prussian nobleman who
      1,180 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      766 6 I M 2 CRYPTIC PUZZLE ACROSS 9 The boy come bock with o sprom from somewhere m Itelond (8) 10 A quiet plane it's not (3) 11 About a quarter recover truly (6) 12 Watching a match, you swear (6) 13 Potter's arranging the demonstration (7) 14 Not perturbed when
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  • SPORTS
    • Article
      Go nap on Esprit and Tristram Pride
      663 7  -  By BRIAN MILLER BUKIT TIMAH trainer Dr Yeoh Kheng Chye, who saddled a bigpriced winner last Saturday, has entered four runners in today's seven-race card and there's a whisper that he might just pull off a double at Ipoh this afternoon. The way
      663 words
    • Article, Illustration
      SICC is five strokes ahead in Premier League tournament
      516 7  -  By WALTON MORAIS THE HIGHLIGHT of this weekend's golf will be at Jurong's links where the second round of the Premier League competition is held. And again, everyone will be watching pre-tournament favourites Singapore Island Country Club which has already raced
      516 words
    • Article
      Lock icon Football's bad links with British TV
      179 7 AFP ENGLISH FOOTBALL'S uneasy relationship with live television was strained still further on Thursday when club chairmen put off a decision on a renewed contract. The two major British television companies, ITV and BBC, have put forward a joint offer worth £3.8 million a
      AFP  -  179 words
    • Article
      Lock icon America's star athletes who switched tracks for the Super Bowl
      476 7 AP IF THE Miami Dolphins and San Francisco 49ers weren't otherwise engaged on Sunday playing Super Bowl XIX, the two National Football League teams could stage a terrific track meet. Each team features players who earlier in their athletic careers
      AP  -  476 words
    • Article
      Are you listening to your body's message?
      170 7 YOUR body is talking to you, bat are yon listening? Are the messages that it is sending pat In the "pending" tray, to be attended to when you have more time and are not pressed by more important matters? If so, it Is
      170 words
    • Article, Illustration
      Lock icon Trevino will not compete
      133 7 AP LEE TREVINO, earlier named captain of the United States* 1985 Ryder Cup team, will not compete as a player when the country's best golfers take on the leading professionals from Europe this autumn. "Even if I qualify as a player and I'd like to I
      AP  -  133 words
    • Article, Illustration
      Lock icon West Indies cricketers are feeling the pinch of South Africa's apartheid
      369 7 AFP WEST INDIES cricket players in South Africa are feeling the < pinch of apartheid in spite of i being classified as "honorary j whites" in the land of racial 1 segregation. I Some former Test stars, banned from
      AFP  -  369 words
    • Article
      SHIPS IN PORT
      1020 7 Vestel Berth Arrival Departure Damai M36 19.1/1000 19.1/2300 Halim Mulia MIA 19.1/0700 19.1/2200 KEPPEL WHARVES Polar M2A 19.1/0700 1 9.1/2000 Arrow Prince 44 alongside 19.1/0600 Proposional M1B 19.1/0700 19.1/2300 Builder III 22 alongside 19.1/0200 Selat Jaya M2B 19.1/0800 19.1/2300 Chidamboram 6/7 alongside 19 1/1600 Smar Budiman M4A
      1,020 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      47 7 ><ou meAN TH€.secße.T of- oop»ng> with OFFtCe L.lFe »s to LGJ" things go in o»«- rnd cxrr -rue ornee? SOUOTeLV' «r TfcOK OF SOFFeRtNG FMMD aguish BeFORe.» CpTiorJ6.D Ol "TO Thpst Straps f£ CT Twe Tirng. urs come. Vtoue.\rfea, t 0 Ppkss on r>w eRRHGo KNOU)L£OG£. GeK€J?«no»4
      47 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Banks may sell stake in Swiss watchmaker
      321 8 Reuter BANKS WHICH rescued Switzerland's two largest watchmakers in 1983 have said they may sell a stake in the merged company to a group of industrialists, in a further financial reorganisation of the industry. Asuag and Ssih, makers of the Omega, Tissot, Longines,
      Reuter  -  321 words
    • Article
      Lock icon OK Tedi mine must be a long-term deal
      163 8 Reuter PAPUA NEW GUINEA (PNG) wants to impress on OK Tedi Mining Ltd's private shareholders that the US$l.4 billion copper and gold project must be established as a long-term mining venture. Secretary of the PNG Department of Minerals and Energy Bill Searson
      Reuter  -  163 words
    • Article
      Lock icon Active airline stocks depress Wall Street
      290 8 Reuter AIRLINE STOCKS fell sharply on Thursday as fears of a full blown fare war sent investors scurrying for cover. But the overall market closed only slightly lower on a reduced volume. The Dow Jones Industrial Average fell by 1.99 points to 1228.69. But
      Reuter  -  290 words
    • Article
      Toronto
      122 8 JAN 17 AtxMx <3 33 unch Imp Ol Inco 404 16* unch AJcoo 38* -Vi Int Uts 22* Algofno Bonk Mont 27 Intt hkcke) IS* Bonk Novo Scotia M T«J J 3* 34* Lobiow 8 18* BP Can Ltd 24* 27* unch Bfoscon 30*. Con Imp Bk 30 Vi
      122 words
    • Article
      Johannesburg
      188 8 JAN 17 Kond Trust Bk 220 105 +10 unch INDUSTRIALS A Alpha 900 Abercom 115 10 unch Un»«c Wootworth 445 1375 MININGS 2535 i«ich unch 35 ***** 2400 Btyyoon 1850 25 1050 BuffNs 750 -6675 2150 -25 10 500 unch 1250 50 rn P 400S 1300 25 D« Beer*
      188 words
    • Article
      New York
      425 8 JAM 17 USS Eh L#v 66* unch Monsanto 42* Engetvard Mnl 27* 29 Si 46 Alcoa 38 unch N L Indust 10* 25* Natl D*t Chem 25* 35* !8* 42* 52 16* 27* 7H FMC Cp 58 38* .14 Am Biarvfe Inc 63* Ford Motor 47* Nortofc 63*
      425 words
    • Article
      European markets
      956 8 Amsterdam JAN 17 Fh ABN A*9on AhoW Akio AM£V Amtot Amrobnk BarV Boh Bonumq Boiko Bort«t Catand CaK Dek M, ElMVMf F* Fokkar Gamma Gatbroc Hwnekwi Hgvn Hoogovan* Hundou tnfn MuMr Kbb KLM Menebo Noarden Notional Ned Nmb Oca Gnrrten Onvmrtn Otro Pakhoad PMpt Rcbcco Rodamco Roinco Rorento
      956 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      487 8 m I m ft wisae, dine mii ir Dynamic Explosions a /the]&#b in s Tavern M cm L >■' KtidY MOO" 01 Two stunning new groups, CITY LIMITS and SUNNY BALA k the MOON GLOWS will entertain you from 5.30pm to 12.30 am. (A single group performs on Sundays and
      487 words
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      Page 8 Advertisements Column 2
      144 8 London stocks, Pag* 11 an 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 versatile quartet Body N Soul from Philippines. They'll captivate you! Happy Hmik Spa 7pa, 25* off oa all tfiia Ample parking
      144 words
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  • ASIAN STOCKS
    • Article
      Hongkong
      408 9 HONGKONG: Share prices fell sharply in hectic late trading yesterday as selling pressure mounted after a lower opening. The Hang Seng Index fell 28.09 to 1,360.33. Turnover was HKJ468.08 million compared with Thursday's $681.18 million. Among leaders, Cheung Kong fell 90 cents to $13.40, China Light and Hutchison Whampoa
      408 words
    • Article
      Taipei
      270 9 JAN 18 Al Sincere Indus As«o Cement Cathay Cons Chong Hwa Bank Chen Loona Chia Khm Cement Chma Chem China Dev China Elect Wire Chma Gulf Plas Chma Rebor Chma Steel Chung Chm Tex Chung Hwo Pidp Far East Dept Far East Tex First Bonk Formosa Plas Gt Wo!
      270 words
    • Article
      Tokyo
      415 9 TOKYO: Share prices closed higher yesterday after a day of active trading, a reaction to US Treasury Secretary Regan's continuing commitment to intevention statement at the "group of five" Finance Ministers meeting. The market average gained 22.87 to close at 11,910.06 after touching a record high 11,936.05 in early
      415 words
    • Article
      Manila
      158 9 MANILA: Share prices closed generally firmer in quiet trading yesterday. The Mining Index rose 11.66 to 719.12 and Oils 0.013 to 0.569 while the Commercial and Industrial Index was unchanged at 193.07. Lepanto "B" firmed to 0.041 from 0.036 pesos and Philexß to 0.11 from 0.10 while Basic Petroleum
      158 words
    • Article
      Sydney
      378 9 SYDNEY: Share markets closed firmer yesterday in active trading with resource issues stronger in response to firmer international commodity prices. Near the close, the All Ordinaries Index was up 6.6 points at 746.3, the All Industrials 6.fc at 1120.5 and the All Resource 6.3 at 459.4. Rises outnumbered falls
      378 words
    • Article
      Bangkok
      159 9 BANGKOK: Stock prices closed higher in quiet trading yesterday. The Book Club Index rose 0.71 point to 127.24 as gainers led losers by nearly two to one margin. Turnover was 125,684 shares worth 19.5 million baht compared to 167,216 shares worth 8.6 million baht on Thursday. JAN It fcjkts
      159 words
    • Article
      Seoul
      83 9 Jon 18 Won 860 unch Hyundoi Motor 636 2 Bonk Seoul 638 -II KAL 537 -4 Choheung Bk 630 unch Korea Ftnt 714 2 Commercial Bk 690 -2 Korea OH 1780 -27 510 .5 385 -5 Daewoo Corp 531 -9 Lucky Ltd 742 2 Doewoo IrxJ 631 8 Somv-mg
      83 words
    • Article
      Lock icon Profits of Nomura increase
      68 9 AFP NOMURA SECURITIES CO, Japan's largest security company, has reported a 33 per cent increase in after-tax profits for the year ended last September with a record of 73.9 billion yen. Combined operating profits of its subsidiaries also hit a new high of 9.7 billion yen,
      AFP  -  68 words
    • Article
      Lock icon Chinese special zones gain over 4,700 foreign partners
      211 9 AP CHINA'S four "special economic zones" of Shenzhen, Zhuhai, Shantou and Xiamen have signed more than 4,700 contracts with foreign partners. The zones were launched in 1979 to attract foreign investment and technology as a spur to China's modernisation. State Councillor and
      AP  -  211 words
    • Article
      Lock icon French close to telephone deal with China
      125 9 Reuter THE FRENCH telecommunications company Cit-Alcatel is expected to sign a major contract with China soon to supply a telephone exchange system for Beijing, according to industry sources. The contract, worth about 500 million francs, would mark a breakthrough for French technology in
      Reuter  -  125 words
    • Article
      Lock icon Motorola buys Taiwanese plant
      105 9 Reuter MOTOROLA INC has bought a plant in Taiwan that will be used to manufacture, assemble and test electronic products, including integrated circuits. The purchase is part of a US$5O million expenditure by Motorola in Taiwan, approved recently by Taiwan's Ministry of Economic Affairs. The total
      Reuter  -  105 words
    • Article
      Lock icon Wang's WOA to make typing jobs easier
      281 9 Bernama WANG LABORATORIES INC, a leading American computer company, has introduced into Malaysia the Wang Office Assistant (WOA), an office system that promises to get all the typing jobs done. The WOA combines the best features of a typewriter, a word processor and
      Bernama  -  281 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      622 9 TONIGHT! PLUG INTO AN ELECTRIFYING EXPERIENCE! THE lON BAR < f 1 ft X 0 f Up the staircase at the Century Park Sheraton. lON BAR 405 HBvelock Road Singapore 0316 Tel: 733 2081 VABWS MfiU Immtmv v| rmrn^n »l# ?p Baron's Table Sunday Brunch... yoji'll love it.' Give mum
      622 words
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  • SHARE INFORMATION
    • Article, Illustration
      Market continues to surge on low volume
      4200 10 THE SINGAPORE stock market yesterday continued the rebound which began on Thursday. The BT Composite Index rose 3.34 points to 680.23 while the Straits Times Industrial Index increased by 4.05 points to 771.01. Volume was thin at 8.23 million units worth $15.96 million.
      4,200 words
    • Article
      Chief price changes
      295 10 SPH Mston Fundi Gontmgs Otuon Hup U i c Amcoi 25< Snf Im ft 1 Lm Kin Tot M Cables Kentucky V Sr o i ion 0 uT* CASKS TOM AM Ckoc G «■»>■! Car L ft M 50< SINGAPORE Rises Indices $25 20 ion 17 ion
      295 words
    • Article
      Covering activity lifts KL stocks
      478 10 FRESH buying support and light covering activity brought share prices up at the Kuala Lumpur stock market yesterday. Selected issues dominated the limelight but trading was relatively quiet, with investors keeping to the sidelines. After opening slightly higher, share prices moved upwards before light profittaking
      478 words
    • Article
      Business done on the SES
      3368 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 SetUement Contracts are quoted after the word "SETT".
      3,368 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Turnaround due
      272 11 HOCK LOCK SIEW A NOTICEABLE feature of the past couple of weeks' lacklustre market sessions has been the come-back in style of construction-based stocks such as Lum Chang and Lee Kim Tah. And little wonder too; the outlook for this sector is not as gloomy as once thought
      HOCK LOCK SIEW  -  272 words
    • Article
      Unit trusts
      215 11 Managers' prices Second B'putro 4.79 4.84 Third B'putro 3 96 4.01 for Jon 19 21 Fourth B'putro 4.31 4.36 Fifth B'putro 2 94 2 99 Sixth B'putro 2.85 2.90 Singapore Unit Trust The Commerce 2.23 2.37 Seventh B'putro (A) 1 99 2.04 The Savings Fund 1.57 1.67 Seventh
      215 words
    • Article
      LONDON STOCKS
      1004 11 SHARE prices opened mixed yesterday in quiet, directionless trading featured by takeover situations. The FTSE 100 index at 0945 was up 1.5 points at 1261.9, dealers said. BTR jumped 68p to 685 after its bid for Dunlop. It has since reacted to 655 while Dunlop was little changed
      1,004 words
    • Article
      Bonus and rights issues from Raleigh
      280 11 RALEIGH Cycles (M) Bhd has announced a one-for-two bonus and one-for-one rights issue priced at M 51.50 a share. This, it said, would increase the company's paid-up capital to a level more in line with its operations. The announcement late yesterday thus confirms recent
      280 words
    • Article
      Tuan Sing
      33 11 MR LIM TJOEN KONG (TK Lim) has bought another 18,000 shares in Tu&n Sing Holdings Ltd at 65 cents a share. His interest in the company now stands at per cent.
      33 words
    • Article
      Selected indices
      105 11 HONGKONG Thursday 1113.7 Week ago 1093.3 Hong Seng Index NEW YORK Friday 1360.33 Dow Jones Thursday 1388 42** Week ago 1352.69 Thursday 1228.69 Wednesday 1230.68 TOKYO x Week ago 1223.3) Tokyo Dow Jones Standard and Poors Friday ***** 06 Thursday 170.73 Thursday *****.29 Wednesday 171.19 Week ago *****
      105 words
    • Article, Illustration
      Lock icon 'Kentucky extraordinary'
      822 11 HOCK LOCK SIEW SHAREHOLDERS of Kentucky Fried Chicken (S) knew they were attending an extraordinary meeting yesterday, but they didn't know how extraordinary until it started. When it finished, they had witnessed an astonishing performance by chairman Mr Loo Cheng Ghee, but not one which gave them any
      HOCK LOCK SIEW  -  822 words
    • Article
      Two-week delivery starts on Monday
      408 11 THE KUALA LUMPUR stock market should see a more active pace of trading on Monday as the two-week delivery for ready deals starts. Most observers feel the longer period allowed for delivery will widen the scope for speculation and bring back some life to the
      408 words
    • Article
      Business done on the KLSE
      2248 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 Choc (2) 2.78 AMD <3 306 3.325) (2)
      2,248 words
    • LATEST RESULTS
      • Article
        PEAK HUA INDUSTRIES Bhd:
        36 11 Group pre-tax profits of M 51.36 million for the six months to June 30, 1984, against $790,000 previously. Turnover jumped to $23.17 million from $11.59 million. No interim dividend has been recommended.
        36 words
      • Article
        ROXY ELECTRIC Industries (M) Bhd:
        41 11 Group taxable profits rose slightly to M 54.33 million in the year ended Sep 30, 1984 from the previous year's $3.53 million. After-tax profits stood at $2.77 million ($2.09 million). No final dividend will be paid.
        41 words
    • Article
      COMPANY MEETINGS
      176 11 CHEMICAL Company of Malaysia Berhad: 23rd AGM at the Ground Floor of Bangunan MIDF, 195A Jalan Tun Razak, Kuala Lumpur on Jan 22 at 11.30 am. PET AUNG TIN Berhad: 59th AGM at 1st Floor. Straits Trading Building, 48, Leboh Pasar Besar, Kuala Lumpur on Jan 25 at
      176 words
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  • Article
    Managing director of Kentucky voted out
    772 12  -  By AMY CHEOK IN SPITE OF last minute attempts to lobby for support, the managing director of Kentucky Fried Chicken Ltd, Mr Masamichi Yazawa, was officially removed from the board by an overwhelming majority at an extraordinary general meeting held yesterday morning. But it
    772 words
  • Article
    Court freezes assets of two more former BMF directors
    488 12 ASSETS of a further three men connected with the Bank Bumiputra Hongkong loan scandal were yesterday frozen by the Malaysian High Court. This follows similar action against the bank's former chairman, Mr Lorrain Esme Osman, on Thursday. The second court action
    488 words
  • Article
    SIA will have 19,000 more passengers if Manchester/Singapore service starts
    340 12  -  By LOH HUI YIN THERE WILL BE at least 19,000 passengers for Singapore Airlines to pick up if it is allowed to start services between Manchester and Singapore. Yet another 19,000 passengers will travel beyond Singapore on the route during
    340 words
  • Article
    Fear of more central bank
    117 12 THE POSSIBILITY of greater intervention by major central banks created nervousness in the world's forex markets yesterday. Concern followed remarks made in Washington by US Treasury Secretary Donald Regan after the end of a meeting of Finance Ministers from the five largest industrial democracies, which
    117 words
  • Article
    Record Simex volume again
    118 12 TOTAL VOLUME on the Singapore International Monetary Exchange (Simex) yesterday hit its second record for the new year. Volume for all the four traded contracts registered 3,617 lots compared with the previous record of 3.019 lots on Jan 14. Eurodollar contracts continued to be the most
    118 words
  • Article, Illustration
    Mahader displays true grit in winning Davis Cup match
    457 12  -  By WALTON MORAIS MAHADER HASSAN yesterday permanently erased a career black mark as he helped Singapore level the Eastern Zone Davis Cup tie against Hongkong 1-1 at the Singapore Cricket Club. After Kelvin Ng had put Hongkong ahead by defeating Albert
    457 words
  • Article
    Singaporeans learn lesson in etiquette
    234 12 SINGAPOREANS' indifference to proper etiquette almost cost them dearly in the Davis Cup encounter against Hongkong yesterday. The small crowd present at Jhe Singapore Cricket Club paid scant attention to tennis' requirement for silence during play, forcing match referee Dr Benny Chen of Taiwan to
    234 words
  • Article
    Dr Hu asks Japan to invest more in high-tech sector
    466 12  -  By BOEV KIT YIN SINGAPORE has asked Japan at high-level official talks to invest more in the Republic's high technology industry and to help reduce Singapore's huge trade deficit. Trade and Industry Minister Dr Richard Hu made these requests to
    466 words
  • Article
    Lock icon New Zealand troops will continue to stay here
    214 12 AFP SINGAPORE and New Zealand yesterday agreed on the continued presence of Wellington's uoops here but still differed on their location, official sources said. After yesterday's talks. Deputy Prime Minister and Minister for Defence, Mr Goh Chok Tong, and visiting New Zealand
    AFP  -  214 words
  • Article
    Dow Jones higher
    59 12 WALL Street stock prices inched higher in early trading yesterday. The Dow Jones Industrial Average recovered 1.10 points to under 1230 after a two-point decline on Thursday. The Dow Transportation Index, which lost 10'2 points on Thursday, was down another one. under 584. Gainers held a four-to-three
    59 words
  • Article
    Surplus income for POSB
    99 12 THE Post Office Savings Bank expects to earn a surplus income of $96.53 million for the financi.il year ending Dec 31. 1985. an increase of 34 per cent over the estimated $72 million for 1984. Total income has been estimated to be $640.53 million. On the
    99 words
  • Article
    Plan for ATMs
    81 12 PLANS by the Post Office Savings Bank to increase its network of automatic teller machines are not as ambitious as first indicated by a report in The Singaporean. Although the bank is striding on with its expansion. as part of its effort to streamline pay days, its
    81 words
  • LATE FILE
    • Article
      Lock icon Manila exceeds supply target
      61 12 Reuter THE Philippics has exceeded a money supply target imposed by the IMF as a pro-requisite for a credit of 615 million Special Drawing Rights, but it is not causing major concern, bankers said. Premier Cesar Virata yesterday said the money supply target of 32 billion
      Reuter  -  61 words
    • Article
      Lock icon Salonga to get 'security'
      66 12 UPI AT J.EAST five Philippine opposition leaders will accompany Liberal Party chief Jovito Salonga on the last leg of his return to Manila from self-exile. The brother of slain politician Benigno Aquino said yesterday that the group will fly to Manila on Monday as a virtual
      UPI  -  66 words
    • Article
      Lock icon Thousands line up for stock issue
      56 12 AP THOUSANDS of buyers lined the street this week for Shanghai's first issue of company stock since communist rule began in 1949. The offer, at U5517.85 each, was for shares in Yanzhong Industrial Co Ltd. which issued the stock on behalf of 17 businesses
      AP  -  56 words
    • Article
      Lock icon Mitterrand in New Caledonia
      33 12 AFP PRESIDENT Francois Mitterrand arrives in New Caledonia today for a one-day visit to "talk reason" into rival political parties over the offer of independence in association with France.
      AFP  -  33 words
    • Article
      Lock icon China signs nuclear contract
      43 12 AP CHINA yesterday signed a contract with a Hongkong utility company for the construction of a US$3.5 billion nuclear plant at Daya Bay in China's Shenzhen special economic zone. The 1,800-megawatt plant is scheduled for completion in 1991. AP
      AP  -  43 words
    • Article
      Lock icon Japan-NZ unity pact
      51 12 Reuter JAPAN and New Zealand yesterday agreed on the need to strengthen the unity of the western bloc, but Wellington has refused to take on a nuclear role. A Japanese government spokesman said the agreement came in a meeting between Prime Ministers Yasuhiro Nakasone and David Lange.
      Reuter  -  51 words
    • Article
      Lock icon Sweet end to orange case
      71 12 Bernama THE DETENTION of more than 20,000 crates of mandarin oranges by the Johore customs since Monday came to a "sweet end" yesterday when the importer himself paid M 5280.000 as security to retrieve the fruit. The manager of Ujik Trading Company, Mr E Y
      Bernama  -  71 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      7 12 EGM extraordinary Page 11 See Page 3
      7 words
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      Page 12 Advertisements Column 2
      112 12 FAR EAST/CANADA FREIGHT AGREEMENT MEMBER LINES OF THIS AGREEMENT WISH TO ANNOUNCE A GENERAL RATE INCREASE EFFECTIVE MARCH 1, 1985 ON ALL CARGO FROM S.E. ASIA PORTS SERVED BY THE MEMBERS. UP TO MAXIMUM OF U.S. 12 PER REVENUE TON AS FREIGHTED THE EAST ASIATIC COMPANY HAPAG-LLOYD AG TRANS PACIFIC
      112 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      49 12 Outlook for todoy: Scattered showers. Report tor 24 hours prior to 7 30pm on Jan 18 at the oirport Maximum temperature 32.5 Associated humidity 61 Minimum temperature 23.2 Associated humidity 97 Hours of sunshine 9 0Q Rainfall in millimetres Nil Rainfall this month- 37.4 Roiny days this month 4
      49 words