The Business Times, 26 January 1985
1985-01-26
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The Business Times
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Title Section11 1985-01-26 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, JANUARY 1985 60 CENTS11 words
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Article743 1985-01-26 1 SOH TIANG KENG - Research institute expects slower expansion to be accompanied by lower inflation By SOH TIANG KENG Banking Correspondent ECONOMIC GROWTH of Singapore, one of the star performers of Asia, will slow down to 5.9 per cent this year the lowest since 1975 when the rate was743 words
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Article192 1985-01-26 1 THE PROBLEMS facing Singapore's retail sector have been further highlighted by the possibility that a well-established Orchard Road department may be forced to close its doors. Mohan's Departmental Store, situated in the heart of the main shopping district and located next to Specialist Centre, is facing192 words
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339 1985-01-26 1 JOANNE YAP - By JOANNE YAP UNION CARBIDE Singapore will close its Bukit Timah plant, its oldest here, in the middle of the year. This comes barely one-and-a-half months after the company retrenched 230 of its workers in December. The company, which has been making batteries339 words
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289 1985-01-26 1 Bernama MALAYAN UNITED MANUFACTURING Bhd (MUM), the cash-rich subsidiary of Malayan United Industries Bhd (MUI), has agreed to take a 24 per cent stake in United Overseas Land Ltd (UOL) for MsBl million. The consideration will beBernama - 289 words
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Article23 1985-01-26 1 THE First Session of the Sixth Parliament will open on February 25 at 2.30pm. This was announced yesterday in the Government Gazette.23 words
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Article, Illustration75 1985-01-26 1 THE ffcgipm stock market rase yesterday en higher velune. Dealers attribute* the improved pwfsri—aim to talk sf aa impending settlement at the MCA crisis. A Lsadea stockbroker alse drew atteatlea to seme positive factors which esaM lead to a re-rating sf Singapore stocks. These factors Include increasing The75 words
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412 1985-01-26 1 JEFFREY TSANG - By JEFFREY TSANG CONFERENCES on office automation have so flooded the market that one such conference next week now expects a turnout of only a third of its original estimate. Officials of the Institute of International Research (IIR), which is holding a conference on412 words
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122 1985-01-26 1 NO AGREEMENT was reached by Singapore Petroleum Company (SPC) to supply petrol to Lions Petroleum Company of Japan on either a longterm contract or spot market basis. In a statement yesterday, SPC said the reasons for this were purely122 words
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288 1985-01-26 1 THE LARGEST Philippine savings bank has been placed in receivership, but action taken by President Ferdinand Marco6 «111 safeguard accounts held by 3.7 million depositors. Banco Filipino Savings and Mortgage Bank was placed under receivership of the government-owned Philippine National Bank after the288 words
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Page 1 Advertisements
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Advertisement83 1985-01-26 1 MEMC A»"Bs° Sponsor: SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention. Organiser: ©INTERFAMA PTE LTD Tel: *****12 INDOSUEZ PRIVILEGE ACCOUNT CASH Earn more money on your money! With a INDOSUEZ PRIVILEGE ACCOUNT you not only earn higher interest on your fixed deposits, you enjoy the privilege83 words
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Advertisement285 1985-01-26 1 mm SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGES 5 DOONESBURY LETTERS TO EDITOR SHIM IN PORT LAWS governing the medical supervision and examination of workers exposed to health hazards in their jobs will go into effect from May, says Mr Lee Yock Suan, Acting Labour Minister. Page 2 VIETNAM285 words
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Advertisement0 1985-01-26 1 [!%{_:'[;}.:'=[{+~),<=|@`<!'^]-0 words
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Advertisement209 1985-01-26 1 AM* US* S E Asia's 4th Int'l Medical. Hospital ft Dental Equipment ft Technology Exhibition ft Conference 18th 21st April 1985 Dynasty/Hyatt Hotels Singapore Organiser: INTERFAMA PTE LTD Tel: *****12 The Big Name from Japan's No. 1 Clubmakers The Super Extra Correct Light Steel Shaft Woods and the CL-707 Hagane209 words
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HOME NEWS
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384 1985-01-26 2 FOO CHOY PENG - Enough doctors trained in occupational medicine to carry out examinations By FOO CHOY PENG LAWS governing the medical supervision and examination of workers exposed to health hazards in their jobs will go into effect from May. Mr Lee Yock Suan,384 words
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309 1985-01-26 2 A 29-YEAR-OLD supervisory and training association has again opened its doors to new members after a two-year hiatus. It has also upgraded its status to that of an institute and will now provide members with more advanced training. The Management Development Institute of Singapore (MDIS),309 words
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490 1985-01-26 2 THE PHARMACEUTICAL industry wants greater government regulation and control over sub-standard and dangerous drugs, but was told that pharmacists, many of whom are employed by the industry, can provide the necessary safeguards. Pharmaceutical houses are the only channel through which drugs are brought into Singapore490 words
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Article, Illustration338 1985-01-26 2 THE NEXT TWO Singapore International Kite Festivals will probably remain at Marina South, and Mr Shakib Gunn, president of the Singapore Kite Association, hopes that it can become a "permanent" site. The stretch of reclaimed land at Marina South bare and sandy now338 words
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385 1985-01-26 2 THE Singapore Bus Service plans to improve its bus services to Jurong East and West Town. A statement from SBS yesterday said that two new services are being considered which are likely to serve the Bukit Timah and Ayer Rajah corridors. The bus company385 words
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Article60 1985-01-26 2 TWO COMMUNITY centres will be closed at the end of this month. There are the Jalan Bilal Community Centre in Jalan Bilal, off Bedok Road, and the Kampong Padang Terbakar Community Centre in Siak Kuan Road. From Feb 1, the Kampong Übi Community Centre will60 words
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243 1985-01-26 2 THE TRAINING programme for accountancy students set up by the Singapore Society of Accountants will be coming on stream very soon. A consultant has been recruited to advise the society on the set up, while a big hunt is on for part-time teaching243 words
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453 1985-01-26 2 LISA LEE - By LISA LEE HOUSING Development Board renovation contractors will soon face more demands from clients as flat owners have been asked to shop around before deciding which contractor to engage to renovate their homes. The board has drawn up a checklist together with the453 words
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305 1985-01-26 2 WINNERS of the Guinness Stout Effort Award (GSEA), a monthly award given to recognise acts of courage or community service contributions, for last October and November, have been announced. The award for October goes to four young men who tried to save two children305 words
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238 1985-01-26 2 WIREASIA *85, an exhibition opening next Tuesday, will feature the latest equipment for wire and cable products. A hundred exhibitors representing about 50 companies involved in the manufacture of optical fibres, power cables and wire products will be taking part in the238 words
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233 1985-01-26 2 A NATIONAL BODY from the People's Republic of China has joined hands with a Singapore company to organise an arts and crafts exhibition with $2 million to $3 million worth of exhibits. The China National Arts A Crafts Import it Export Corp, shanghai233 words
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171 1985-01-26 2 STANDARD Chartered" Bank will have given out more than $7 million in prize money with the latest payouts to winners of its $500,000 lucky draw. The computerised lucky draw for its savings account holders, the 12th since 1978, was held at the bank's Battery171 words
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Article80 1985-01-26 2 THE Central Provident Fund Board has produced for distribution a brochure based on its exhibits at the recent National Exhibition The publication is available from its main office and its branch offices in Bedok, Toa Payoh and Jurong. They can also be obtained from community80 words
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Page 2 Advertisements
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OVERSEAS
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519 1985-01-26 3 NYT BRITISH Prime Minister Mrs Margaret Thatcher made a personal appeal to President Ronald Reagan to smooth the way for last week's pact of leading industrialised countries to take joint action against the dollar. Mrs Thatcher's telephone rail, revealed by senior French FinanceNYT - 519 words
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Article, Illustration583 1985-01-26 3 Reuter FORMER ISRAELI defence minister Ariel Sharon lost his US$5O million libel suit against Time yesterday when a jury ruled the magazine had not deliberately published a false report about his role in the 1962 massacreReuter; AP photo - 583 words
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Article80 1985-01-26 3 Reuter ISRAELI Prime Minister Shimon Peres has clinched an eightmonth price restraint agreement aimed at reducing the country's 450 per cent annual Inflation. The agreement was signed by representatives of the government, Histadrut Labour Federation and Manufacturers Association yesterday. It is due to take effect onReuter - 80 words
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233 1985-01-26 3 AFP AUSTRALIAN Prime Minister Bob Hawke has sent a strongly worded letter to his New Zealand counterpart, David Lange, over his government's ban on United States nuclear-powered warships, the National Times newspaper reported yesterday. The letter was sent about two weeks ago butAFP - 233 words
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Article, Illustration484 1985-01-26 3 Twenty members of military unit guarding Aquino placed in custody AFP PHILIPPINE armed forces chief General Fabian Ver and Metro Manila police commander Major General Prospero Olivas yesterday surrendered to a special court following their indictment in the murder of opposition leader Benigno Aquino. TheAFP; Reuter photo - 484 words
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408 1985-01-26 3 Reuter A LAWYER for the family of murdered Taiwan dissident writer Henry Liu said yesterday that he believed a man telephoned Taiwanese authorities on the day of the killing and reported "transaction completed". The lawyer, Jerome Garchik, said that according to theReuter - 408 words
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289 1985-01-26 3 Reuter CHINA has announced an all-out campaign against economic wrongdoers to prevent abuses as the country introduces elements of a Western-style market economy. "We must battle the criminals fast and harshly, firmly, accurately and ruthlessly," the People's Daily newspaper yesterday quoted aReuter - 289 words
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ECO-NOTES
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Article53 1985-01-26 3 WORLD oil prices should dip US$l per barrel this year, according to a quarterly energy report issued by Bank of America. Slower growth of oil use in the United States, which represents onefourth of the total world consumption, is a key factor since that will mean a drop53 words
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Article69 1985-01-26 3 PAKISTAN'S consumer price index, base 1975/76, fell 0.37 per cent to 212.51 in November 1964 from 213.30 in October and was 5.35 per cent above its level of 201.72 in November 1963. The wholesale price index, with the same base, fell 0.26 per cent to 206.82 in November69 words
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Article35 1985-01-26 3 THAILAND had a balance of payments surplus of 10.588 billion baht for 1964, a senior Bank of Thailand official said. This compares with a deficit of 18.078 billion baht in the previous year.35 words
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Article64 1985-01-26 3 THE US footwear industry won a "second chance" in its battle against imports as the International Trade Commission agreed to reconsider whether foreign sales were hurting US shoemakers. The decision on Wednesday came after the Senate finance committee requested the ITC last autumn to reopen its investigation of64 words
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Article50 1985-01-26 3 JAPAN'S unadjusted consumer price index (base 1980) rose 0.2 per cent in December to 113.2 from November, when it was down 0.6 per cent from October, the government's Management and Coordination Agency said. The agency said the December index was up 2.6 per cent from a year earlier.50 words
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Article53 1985-01-26 3 Agencies WEST Germany should see real economic growth this year of about 2.5 per cent or more, leading to a drop in unemployment, the Economy Ministry announced. Economy Minister Martin Bangemann said that even the most optimistic predictions of some university experts, who foresee three per cent growth,Agencies - 53 words
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162 1985-01-26 3 Reuter INVESTIGATIONS into India's spy scandal showed at least five Nato countries were involved in the espionage ring, an Indian newspaper said. The independent Hindustan Times said these North Atlantic alliance members include France and the United States. Nearly 300 investigators workedReuter - 162 words
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Article749 1985-01-26 3 ARRIVALS Operator Service Local From number time SiA SQ11 0110 LAX/TYO PAA PAS 0155 JFK/SFO/HKG CAL CI333 0250 TPE RA RA408 0730 BKK/KTM MAS MH68I 0820 KUL CV CV796 0845 LUX/AUH KAL KE624 0850 KUL MAS MH603 0905 KUL sv SV378 0920 JED/RUH MAS MH671 0935 KUL749 words
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Article403 1985-01-26 4 At least 14 killed at Thai-Cambodian border refuge UPI VIETNAM has launched a fierce artillery attack on a civilian camp at the Thai-Cambo-dian border, killing at least 14 people and sending thousands more refugees fleeing into Thailand. The Thai military said the fighting along a 70-kilometreUPI - 403 words
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WORLD IN BRIEF
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Article64 1985-01-26 4 FOUR Sri Lankan labourers, stranded in Malaysia by a labour recruiting agency, have started a 80 km march from Seremban to Kuala Lumpur to stage a hunger strike. The marchers, led by an opposition MP, said they planned to stage a hunger strike outside the Sri tonkan64 words
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Article45 1985-01-26 4 PRESIDENT REAGAN plans to offer United Nations ambassador Jeane Kirkpatrick the post of administrator of the US Agency for International Development or head of the US Information Agency. An official source said Mr Reagan plans to meet the outgoing UN ambassador next Wednesday.45 words
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Article64 1985-01-26 4 A RARE illegal protest by students at a prestigious university in Beijing has ended in victory with a sudden improvement in food served by the campus canteen. Chinese eyewitnesses said students at the China University of Political Science ft Law last week launched a canteen boycott and pasted64 words
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Article58 1985-01-26 4 UK PRIME Minister Margaret Thatcher said a settlement of Britain's 10-month-old coal strike must allow for closure of uneconomic pits, which the striking miners totally oppose. Mrs Thatcher was speaking in Parliament, where opposition Labour Party politicians accused her of trying to scuttle an attempt to arrange fresh58 words
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Article63 1985-01-26 4 AFP Reuter AN AGREEMENT has been reached under which about 60,000 workers at Bombay port will abandon their move for an indefinite strike from Feb 1. SR Kulkarni, president of All-India Port ft Dock Workers Union, said the Union ft Bombay Port Trust management have agreed toAFP; Reuter - 63 words
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272 1985-01-26 4 AP PRIME MINISTER Yasuhiro Nakasone has set forth goals for his government in his Diet (Parliament) policy speech, calling for solidarity among Western nations and pledging Japan's efforts to achieve concrete results in disarmament talks between the US and the Soviet Union.AP - 272 words
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204 1985-01-26 4 AP ON HIS TRIP to Europe this May, US President Ronald Reagan intends to emphasise West Germany's return to democracy rather than World War n itself or the US-Soviet wartime alliance. US government officials say that only if there is a sudden surge of progressAP - 204 words
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Article299 1985-01-26 4 UPI JAPANESE car industry executives have called for the termination of Japan's voluntary restraints on car exports to the US at the end of March. Takeshi Ishihara, president of the Japan Automobile Manufacturers' Association, said that Japanese car makers have worked out their production and export projects forUPI - 299 words
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Article, Illustration440 1985-01-26 4 UPI ISRAEL is relaxing a threemonth wage and price freeze in a new package deal, which will reduce government subsidies on some major goods and result in higher costs that will hit the poor the hardest. Prime Minister Shimon Peres on ThursdayUPI - 440 words
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Page 3 Advertisements
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Advertisement15 1985-01-26 3 I ¥W /W1 Pan Am. Daily 7475P To USA. It Flies Smoother, Faster And Quieter.15 words
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Page 3 Miscellaneous
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Miscellaneous54 1985-01-26 3 Doonesbury THEGOPSAPEWTTH I JUST HOPS WsJWm.TWNK HGTMJeiS OF mowsAmsr cowmen FINHN6 A LIBERAL MH THERE--STFF9OSOON/ QPIENTS. ■rjr .V, rlr m li is BY GARRY TRUDEAU YOU PONT ID PICK A NEW RIGHTO* GOLPMER REPUBLICAN. YOU NEW SOMEONE WHCb PLMENOUGH TO ACCEPT A CHANGE OF HEART. > u m 3* A54 words
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RAW MATERIALS
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Article139 1985-01-26 4 Chinos* Produce Exchange Robusta 20/25% FOB NSW Nutmeg 477.50 J®®® mces on Jon 110 FOB NSW 438.00 25. S$/*****9) B W FOB NSW ***** Coconut oil Gambier Bufc FOB 170.00 FOB NSW 330.00 CMd drum FOB 183.00 New drum FOB 187.00 London Commodity Copra Mixed (loose) 90.00 Exchongo139 words
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Article273 1985-01-26 4 Singapore A-l special C-l special C-l Ordinary Loonzoin 100% 177 (SS/Mo. ex-godown) Thai white unq unq 100% 1st class first grade unq (kangaroo) 100% second grode 225 new crop 0.96 100% third grode unq 100% 2nd doss 100% 3rd class 0.70 0.65 Parboiled 227 25% new crop No stock273 words
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Article92 1985-01-26 4 THE Knit Lemper Tie Market price remeleed at the ißteraatteaal Tie Agreement fleer level «I Ms2t.ls per kg yesterday. It has hey this level riiee mld-Nevem-ber 1184. Interest remained peer despite firmer Leadsa advices sa Thersday which helped te earrew Keala Lemper's premiem te CTM per teeae ever92 words
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Article150 1985-01-26 4 Yarn (In HK$ per bole of 400 fe) China carded yarn, cones Blu« Phoenix 16'» 2,900 Blue Phoenix 20's 3,000 Bk>e Phoenix 32'» 3,600 Bkie Phoenix 40"» 3,850 Girded yarn, hank Blue Phoenix 21'* 3,300 Combed yarn, cones Blue Phoenix 32'» 4,600 Blue Phoenix 4C» 4,800 Open-end yarn Blue150 words
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Article192 1985-01-26 4 SINGAPORE The market closed easier yesterday with February One RSS buyers quoted at 169J0 cents per kg, down 1.50 cents from Thursday. The morning market lost 0.75 cents on some long liquidation of nearby positions. Prices weakened 0.75 cents in afternoon trading on freer offering of February position. MALAYBIA192 words
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Article314 1985-01-26 4 RAS prices (in S c«iti/Ue, FOi in I totes) NOON CLOSE Beyers SeNers Buyers Sellers Int 1 RSS Prompt 168 50 169 50 168 00 169.00N Inf 1 RSS Feb 85 170 25 170.75 169.50 170 00 Int 1 RSS Mar 85 173 00 173 50 172.50314 words
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Article144 1985-01-26 4 MALAYSIAN crude palm oil prices eased slightly on liquidation and reserve of buyers yesterday as sentiment was dampened by lower Chicago soyfutures and. lack of overseas tenders. In the January position, central region fell Ms7J>o to $1,165 per tonne while north and south eased $2.50 to $1,172.50 and144 words
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Article144 1985-01-26 4 SOYBEAN futures on the Chicago Board of Trade eased from mid-session highs to close on or near the lows on Thursday, down BV* to 6Vi US cents per bushel. March settled at 5931/4 cents, down 7V« cents, after posting a 15 cent range on the day. Mocatta and Collins144 words
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Article141 1985-01-26 4 WHEAT futures on the Chicago Board of Trade closed on or near the lows Thursday, down five to 114 US cents per bushel. March settled at $3.44 Vi after posting a 4^4-cent range on the day. Mocatta and Refco were featured outright sellers of March on the day. Corn141 words
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Article106 1985-01-26 4 (e«nt*/kg, l-toi RAS »pallets) February 85 (currant mtto) NOON B«y«* S«N«f* March 85 (forward mth) NOON lliniTi C -U SSR 20 SSR 50 164.50 ***** 166 50N 164 50N 166 50 164 50 168 50N 166 SON MRELB Bwyvrs S#ll#rs fey«r, Sii^i SMR CV SMR L SMR106 words
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Article875 1985-01-26 4 COFFEE Robusta futures extended midday losses on trade and commission house long liquidation, belated trade hedge-selling and profittaking selling to finish on Thursday £53 to £17 down from Wednesday's close. Narch ended at the day's low at £2,377, down £38 and just above chart support at £2,375. Physical875 words
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BANKING AND FINANCE
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310 1985-01-26 5 THE TOKYO bond futures market, Japan's first futures market, is likely to be launched in October. Futures World, a British magazine on futures markets, says Japan's Securities Exchange Council (SEC) has recommended the creation of a bond futures market in a report to310 words
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118 1985-01-26 5 Reuter US BANKING regulators have upgraded the status of Argentine loans in response to the Buenos Aires government's agreement late last month with the International Monetary Fund. The regulators are upgrading the loan status to 'other transfer risk' from the 'substandard' classification they assigned inReuter - 118 words
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Article, Illustration430 1985-01-26 5 SOH TIANG KENG - By SOH TIANG KENG Banking Correspondent THE JAPANESE economy will expand at a brisk pace of 4.5 per cent this year, down oply one per cent from last year, in spite of a marked slowdown in US economic expansion. And Japanese growth will430 words
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416 1985-01-26 5 Bernama CENTRAL BANK governors from 11 South-east Asian countries, including Vietnam, have been arriving in Kuala Lumpur for their 20th annual conference in Kota Kinabalu, Sabah's state capital, on Jan 30 and 31. Rank Negara plays host to the conference whichBernama - 416 words
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327 1985-01-26 5 Reuter AMERICAN money growth and hank reserve data released on Thursday suggest a stable Federal Reserve policy that may persist over the coming weeks, economists say. The Fed said M-l fell by US$2.B trillion in the week ended Jan 14, more than mostReuter - 327 words
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377 1985-01-26 5 Reuter COMMERZBANK AG is considering issuing "genussschein" dividend right certificates, a form of capital incorporated in the new West German banking law which came into effect on Jan 1, a bank spokesman says. The first bank to raise capital through certificates, a hybrid instrumentReuter - 377 words
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335 1985-01-26 5 Reuter THE IMF has agreed to negotiate a financial programme with Chile to allow gross domestic product (GDP) to grow by 4 per cent in 1985. Finance Minister Luis Escobar said in Santiago yesterday that IMF official Jan Van Houten, whoReuter - 335 words
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195 1985-01-26 5 FT THE HEAD of Spain's state energy board, Mr Claudio Boa da, has accepted the chairmanship of Banco Hispano Americano, the third largest bank in Spain. The succession saga at Hispano Americano was prompted by the ill health of the outgoing chairman and the bank'sFT - 195 words
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MONEY AND EXCHANGES
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Article721 1985-01-26 5 SINGAPORE The US dollar closed slightly firmer yesterday against most major currencies in light trading aided by weekend short-covering interest. Operators remained cautious mainly on fears over possible central bank intervention. The dollar closed slightly higher at 3.1600/10 marks compared with New York's 3.1585/1600 close and was little721 words
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Article, Illustration207 1985-01-26 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 on a steady US federal funds rate and were then unchanged with weekend and week fixed closing at 8-5/16 8-3/16 each. 'UNGATES to mract to prim* tato(207 words
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Article56 1985-01-26 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Jan 28 to Jan 29 and from Jan 31 to Feb 1. Offered: $110,000,000. Applied for: $110,500,000. Allotted: $110,000,000. Accepted bids: $99.27 approximately 99 per cent; higher bids in full. Average rate ef dmut o«56 words
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Article89 1985-01-26 5 THE OVERNIGHT rate on the Singapore interbank money market fell by one point from Thursday to close at 4 per cent yesterday. The one, two and threemonth term rates fell by 1/16-point each across the board. S$ interbank rates at 3pm yesterday Offer Bid Overnight 4 3 1/289 words
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Article182 1985-01-26 5 Interbank rates at 3pm Local dollars to one unit of foreign quoMyoal arday a r«M partly 0*0*10 currency: US dolor Starling pound Auitroton dolor NZ dolor Conodkm dolor 2.2025 2.4641 1.7967 1.0342 1.6637 2.2035 ***** 1.7987 1.0363 1.6651 2.8196 0.3469 3 4286 ***** 3.4206 -21.89 -66.46 -47.60 -69.84182 words
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Article313 1985-01-26 5 BA Futures Inc EURODOLLAR futures opened with a bullish note yesterday but traded lower in the morning as the market came under profit-tak-ing pressure. The market recovered in the afternoon with slightly easier Eurodeposit rates. The March contract traded between 91.40 and 91.34 before closing at 91.38. Currency futuresBA Futures Inc - 313 words
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Article163 1985-01-26 5 HONGKONG The metal closed higher yesterday on local buying. It ended at U*****.30/» an ounce, having fallen from a high of $300.70/301.20 on late selling by European interests. This was above New York's $299.60/300.10 close. On the local market, gold finished HK$l5 below Thursday's close at $2,799 a tahil.163 words
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TIME-OFF
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Article506 1985-01-26 6 WHAT'S in a name? A possible $2 million, thinks Euroworld Trading Pte Ltd, sole agent for Gucci Plus, a brand of leather goods now engaged in a legal spat with Gucci, whose sole agent is F J Benjamin A Sons Pte Ltd. The sales figure506 words
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Article, Illustration840 1985-01-26 6 ANNA TEO - Singapore's fourth kite festival has blown in a host of enthusiasts, each prepared to display a spectacle of aerial colours this weekend at Marina South. ANNA TEO reports. ANNA TEO "ANYTHING TO DO with the wind is my game," declared Don Sutherland, manager and part-time840 words
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483 1985-01-26 6 A MOVIE which scales great heights in one moment and then sinks into a romantic morass in the next is, to say the least, upsetting to its audience. This happens often with The Far Pavilions, the screen adaptation of MM Kaye's novel of the same483 words
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367 1985-01-26 6 Up 'em stick this is a give back STRAWS in the Wind THE TRADITION of making unauthorised bank withdrawals has been established in America since the James gang. So when a young man handed a note across the counter, the young lady clerk could be forgiven for thinking that it367 words
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Page 6 Miscellaneous
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Miscellaneous955 1985-01-26 6 J W IMb W HIGHLIGHTS Centrestoge The Tragedy of Rkhord 111 Chonnel 12, 8 pm In this production, Richard (played by Ron Cook) is not portrayed as an incarnation of evil, but as the natural product of a violent age a credible, and perversely attractive, psychopath. Produced by Shaun Sutton,955 words
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Miscellaneous752 1985-01-26 6 CRYPTIC PUZZLE ACROSS 8 Convinced the crate has gone astray in the end (7) 9 The number is a fifty, imprinted in the drug (9) 13 Can not twist the top oft for him (5) 14 Not the afternoon I stay with a friend! (5) 15 No, no. Not the752 words
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SPORTS
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Article, Illustration661 1985-01-26 7 BRIAN MILLER - By BRIAN MILLER THERE is still a week to go before Graham Cook begins his "official" season as a resident expatriate jockey. But the former Brisbane-based jockey could make an early grand entrance by taking Race 2 at Bukit Timah this afternoon. Cook, who661 words
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Article202 1985-01-26 7 Hong Huan Tin - Letter to the Editor Huan Tin Hong Registrar National University of Singapore DEAR SIR, Please refer to the articles "NUS revises rules to get better quality students" and "Honours scheme in three faculties under review" in BT of Jan 23,1985. It is mentioned in the first202 words
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Article754 1985-01-26 7 VmmI Berth Arrival Departure MARINA WHARVES KEPPEL WHARVES B Tanjong Kwang Chow Prof Szafer Sanko C'themum Straits Pride Straits Star Tomoe 6 Waheng Auby Equator V Ikan Pari Jenson Langsa Murrayeverett Silver Star Tomoe 81 35/6 27/8 31/2 8/9 20E 21W 15/6 23/4 20E 22 15/6 21E754 words
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192 1985-01-26 7 UPI DANISH and Chinese players dominated both the men's and women's singles in the U5561,200 Japan Open badminton championships on Thursday night, in Kiryo, north of Tokyo. Morten Frost, reigning European champion and No 1 seed, eliminated Yang Gianli of China in straightUPI - 192 words
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444 1985-01-26 7 WALTON MORAIS - By WALTON MORAIS AFTER the hectic activity of last week's second round Premier League competition, this weekend's golf calendar takes on a slower pace. Changi's monthly medal competition thus emerges as the focus of attention when their 108 golfers tee off early444 words
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565 1985-01-26 7 AP THOMAS SMID of Czechoslovakia, Ramesh Krishnan of India and Ben Testerman of the United States joined the growing list of beaten seeded players on Thursday in the US$3OO,OOO US Pro indoor tennis championship in Philadelphia. Of the 16 seededAP - 565 words
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Article302 1985-01-26 7 Reuter AMERICAN Lauren Howe fired an opening round 68 on Thursday to take a one-shot lead over four others, including defending champion Silvia Bertolaccini of Argentina and Mexican Mina RodriguezHardin, in the US$2OO,OOO Deer Creek classic women's golf tournament, played in Florida. Rodriguez-Hard in,Reuter - 302 words
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Article, Illustration593 1985-01-26 7 UPI OLYMPIAN Carl Lewis hounded by rumours about his lifestyle and criticised for being "arrogant and aloof" has failed to obtain a single major US commercial endorsement since he won four gold medals in Los Angeles six months ago. "What you've got are a lotUPI - 593 words
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INTERNATIONAL STOCKS
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325 1985-01-26 8 Reuter THE BUSINESS partnership announced on Thursday by divisions of American Telephone and Telegraph Co and General Motors Corp is expected to make AT&T a more viable contender in the information systems field against such industry leaders as International Business Machines Corp, analystsReuter - 325 words
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177 1985-01-26 8 AFP THE PROFIT of Exxon Corp, the world's biggest industrial company, (ell by 11.9 per cent in the final three months of 1984 from a year earlier, reflecting falling oil prices and a glut of petroleum products on international markets. But gains earlierAFP - 177 words
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315 1985-01-26 8 Reuter PROFIT-TAKING late in the session on Thursday stalled an assault by blue chips on the Dow Jones Industrial Average's all-time high level and forced Wall Street stocks to end mixed. But secondary stocks moved ahead for the 14th straight session. The Dow JonesReuter - 315 words
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Article161 1985-01-26 8 JAN 24 a Hud Boy Mil Imp Ol 43* 17* unch AbMbi 34 40* -Vi bit Pro* Pipa tot Ut* 34* 24* Aigoma Bank Nova Scotia M T«l 20* 28 U 36* •1 tml Mckal Kmr Add Lofatow B Mammy Farg Mc BkxM 16 19* 3* 28* inch unch161 words
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Article214 1985-01-26 8 JAN 24 Road 237 Un Stool 105 inch IMDUSTliALS Urwoc 460 unch Wootworth 1375 unch A Alpha Abarcom 120 740 unch •5 MM NGS 2445 20 310 Antfvool 7600 unch 2300 1040 -75 -35 l^nCinr. oiyyoon 1825 7200 unch -100 2050 -100 5205 CNA 200 Cora Gold 1250 unch214 words
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Article557 1985-01-26 8 JAM 24 US$ ft -1* MoM Cp 28* -K 44* 69* Morgan (.P 44* ACF MuMim Akan AJumin Alcoa Lud 37 30ft 38ft 26* Exxon Cp 47 •1* N L lndu*t 11* ft -1-1* AM Cham Cp 37* 52* 7* 64* .ft Ffwtoot Tfv 19* 18* -ft Noll557 words
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Article846 1985-01-26 8 Amsterdam JAM 24 ABN 381.00 -3 Atgon 164 00 unch Ahold 216.30 +18 Aitio 103 50 4 5 AMEV ***** -1.5 Amfos Amrobnk 72.50 -09 Borfc 49 00 +0.8 Bob 108 00 +0 1 Borwraj ***** -12 Boiko Burtvt 86 50 +1.5 Cokmd 33.60 unch Cohr 449 00846 words
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Article42 1985-01-26 8 Reuter SWISS BANK CORP said its Swiss Bourse Index reached a record on Thursday, topping the previous high reached on September 8, 1972. The index rose to 425.8 points. The previous high was 424.9 points. Reuter Stockholm pricas unavailableReuter - 42 words
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Page 8 Advertisements
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Advertisement553 1985-01-26 8 <5 ii ere fa wise, «Ma« mud ©stertaia .plosions 's Tavern ctjN^X, S frlO^ S 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 Mondays from 7pm onwards.) I Now, when553 words
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Advertisement140 1985-01-26 8 London stocks, pag«ll <T. Cf M v 15 0< m Lounge Sip a glass of the wortd'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 youl Happy Hoars: Spa 7pat. 25% off140 words
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ASIANS STOCKS
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Article339 1985-01-26 9 HONGKONG: Share prices reversed early gains to close mostly lower yesterday after an active session of trading. The Hang Seng Index ended 10.96 points off at 1,373.91 after it gained 10.29 to 1,396.16 at midmorning. It touched a high of about 1,398 in the middle of a session last339 words
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Article228 1985-01-26 9 JAN 25 A1 Skiii Indus Alio C«nM«t NT 5.65 25 30 -0.15 -02 Lea Chong Yuen Cham Indus Uen Hwo Indus Man Yo Ptas Pacific Cora Poafic Elect 18 00 1195 30 10 25.50 18 10 unch -0.15 -0.5 0.1 -0.3 Cottvay Cora 28 00 03 1 01 -0228 words
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Article355 1985-01-26 9 TOKYO: Share prices closed sharply lower yesterday in active trading on Thursday's mixed Wall Street close and end-of-month bearishness. The market average ended down 71.26 to 11,785.10 after trimming 2.65 on Thursday, and after recovering some of its 109.11 morning loss. Turnover was 400 million shares against 350 million355 words
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Article107 1985-01-26 9 MANILA: Share prices closed generally easier in quiet trading yesterday. The Commercial and Industrial Index fell 0.16 to 103.77 and the Mining Index 3.27 to 727.97 while the Oils Index was unchanged at 0.597. JAN 25 P«sot 0.0016 unch MaretMl Onantal B Phi Overseas Phi«x B Pic op B107 words
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Article361 1985-01-26 9 SYDNEY: Share markets closed firm yesterday on heavy turnover with solid support for situation stocks offsetting weakness among the miners. Near the close, the All Ordinaries Index was up 1.6 at 754.9, the All Industrials Index was up 3.4 at 1138.9 and the All Resources Index was up 0.3361 words
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Article145 1985-01-26 9 El ANGK OK: Stock prices closed higher in quiet trading yesterday. The Book Club Index rose 0.17 point to 127.24 as advances led declines by a nearly two-to-one margin. Turnover rose to 529,114 shares from Thursday's 473,130 shares. JAN 25 Mmi Sam City Camen» 586 +6 ji I i145 words
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Article97 1985-01-26 9 Jon 25 Bank jth i Won 640 -1 Hyundai Canst Hyundai Motor K A L 910 630 625 -10 unch +95 Chohaung Bk Cofnm«fool Bk 620 unch KoftQ Pint 723 ■7 690 unch Korea Ofl 1800 -20 Dotlm Ind 510 ■5 Korea Sfrvp 375 -5 Do«woo Corp SOI •1297 words
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Article64 1985-01-26 9 Reuter THE EARLY results of National Australia Bank for its current financial year to Sep 30 suggest 1985 is shaping up reasonably well, chairman Robert LawSmith told an annual meeting. He did not give figures. Mr Law-Smith said the bank is ready to meet any competition fromReuter - 64 words
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445 1985-01-26 9 AFP THE BRITISH investing public seem to have lost none of its appetite for Far Eastern stocks. The £12 million issue announced last week for investment exclusively in the "smaller rapidly developing economies of the region" was oversuscribed by more than a third, thoughAFP - 445 words
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84 1985-01-26 9 Reuter NATIONAL COMMERCIAL BANK, the largest bank in Saudi Arabia, reported a fall in net Et>fit for the second straight year t a rise in assets. Net profit for the year ended September 25, 1984, fell to 499.5 millionReuter - 84 words
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102 1985-01-26 9 Reuter THE HONGKONG Commodity Exchange, the Philadelphia Board of Trade and the Philadelphia Stock Exchange have agreed to begin detailed discussions on cooperation. The exchanges said the talks could lead eventually to 24-hour trading, most likely in trading instruments such as currency and EurodollarReuter - 102 words
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135 1985-01-26 9 AP INTEL CORP of Santa Clara, California, has signed an agreement giving a licence to Samsung Semiconductor and Telecommunications Co to make and market several of Intel's microprocessors, microcontrollers and peripheral products, a joint announcement said. Robert Noyce, the vice-chair-man of Intel's board,AP - 135 words
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Page 9 Advertisements
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Advertisement117 1985-01-26 9 i M «5 SB M m il .1 A ja A V !#**ncysß FOR FURTHER INFORMATION CALL 11 Jl.it g|Kii=s> TONIGHT! PUJGJNTOAN ELECTRIFYING EXPERIENCE! THE lON BAR r V/. 9 7a lON BAR 405 Hav«tock Road. Sngapore 0316. Tet 733 2081 r,AHi7 ah WW m fV. Banm's Table Sunday Brunch...117 words
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Advertisement175 1985-01-26 9 IW fi I Come up the staircase to the most modem soind, fight and laser system in Sngapoie \f V Our new installations, are complete. If you liked the sound of the old BJack Velvet Gold you'll flip over our new sound, light and laser system. Bring your favourite friend175 words
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Advertisement120 1985-01-26 9 (fx/(///'■) (♦> PH <♦) > «i f jejsr--11 1 New plush interiors which conjure up an entirely different atmosphere. Plus our warm hospitality and a menu of local and continental favourites that aims to please you... 24 hours a day. Daily Set Lunch (Local* Western) Each day, a local favourite120 words
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Advertisement31 1985-01-26 9 Dine in the grand tradition of emperors CkmM 1 Where sumptuous meals are prepared fl\/\ by masters in Beijinq ilflwJ cuisine. And served ;PINE COURT; with traditional oriental hospitality. I- "ijifif31 words
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Advertisement128 1985-01-26 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL LOUNGE With Ramon fc D' New Blackjacks and the 2nd Addition Buy a drink during Happy Hour and the next one's on the housel Our drinks include: Black White Premium Scotch, Renault GVB> Pernod 45, Bristol Cream, Peter Beering, Old Oak White128 words
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SHARE INFORATION
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Article, Illustration4115 1985-01-26 10 TALK OF AN IMMINENT settlement of the MCA crisis and short-covering activities lifted the Singapore stock market yesterday. The BT Composite Index rose 5.06 points to 683.21 while the Straits Times Industrial Index climbed 6.35 points to 776.19. Turnover was moderate at 10.79 million units4,115 words
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Article217 1985-01-26 10 SINGAPORE Rftfl IM Indices M Own SO* 308 ♦24 Jw 24 Jw 25 Smm KM 221 21 IT CmmN 67B.15 683.21 TMNM SIS 9 BT liicMir *****76 193 mm Mb 219 9 BT OB/OS •2SB 1 C B S3S 5 STWmM ***** 776.19 Wi h HMgt 120217 words
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Article438 1985-01-26 10 SHARE PRICES finished on a steadier note yesterday for the second consecutive day this week. Keen buying interest and bargain hunting kept the pace of trading fairly active, especially among several situational counters. Most issues in all sectors closed higher. The market opened on a438 words
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Article2864 1985-01-26 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with tbe number of sbares traded shown In brackets In lots of 1,000 unite unless otherwise specified. All Time Settlement Contracts are quoted after the word "BKTT".2,864 words
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Page 10 Advertisements
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COMPANY NEWS
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Article, Illustration284 1985-01-26 11 CHART PIiINT 3 r I g HOCK LOCK SIEW YESTERDAY'S admirable performance by the local stock market halted the fall. Couple this with the charts that have already formed distinct base-build-ing patterns, and we have the mairings of some good times ahead. One counter that has buckedHOCK LOCK SIEW - 284 words
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Article1838 1985-01-26 11 810 and offer prices officially listed and business In and reported to tbe Kuala Lumpur Stock Exehance yesterday, with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS A Owe (2.755) (I) 2.77 AMD (2) 3.28 (4)1,838 words
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321 1985-01-26 11 THE LAST of the local pioneer staff of Morgan Grenfell (Asia) Ltd will be leaving the merchant bank. The director of Morgan's corporate finance division, Mr Ho Soo Ching, has tendered his resignation and will be Joining the merchant banking arm of Lloyds Bank321 words
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Article467 1985-01-26 11 I P sells stake in Talam ISLAND PENINSULAR (I&P), the plantation and property group, has sold a 53 per cent controlling stake in listed Talam Mines Bhd for Msl6 million. The purchaser, Superplex Sdn Bhd, is paying Msl6 each for the one million shares in Talam Mines (out of lAP's467 words
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427 1985-01-26 11 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI ROXY ELECTRIC Industries (M) Bhd, which recently completed a restructuring programme, has reported a 22.5 per cent increase in its operating profits to M 54.33 million for the full year ended Sep 30,1964. This profit record was achieved in spite427 words
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Article184 1985-01-26 11 Reuter HONGKONG'S Securities Commission's committee on takeovers and mergers has exempted Cheung Kong Holdings Ltd from making a general offer for International City Holdings Ltd. An investor, or group of investors acting in concert, is generally required under Hongkong's takeover code to make a general offerReuter - 184 words
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Article43 1985-01-26 11 UNITED MALAYAN Flaw Mills Berfcad: AGM at Conference Room of Hotel Merlin, 25-A, Farquhar Street, Penang on Jan 26 at 12.00 noon. CHIN TECK Piaatattw Berfcad: 26th AGM at No. 107-1, Changkat Tambi Dollah, Kuala Lumpur on Jan 26 at 10am.43 words
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Article99 1985-01-26 11 HONGKONG Hang Seng Index Austrolion Industrials Friday 1138.9 Thursday 1135.4 Week ogo 1120.5 Friday 1373.91 Thursday 1384.87 Week ago 1360.33 TOKYO NEW YORK Dow Jones Thursday J270 43 Wednesday Week ago 1228.69 Tokyo Dow Jones Friday *****.10 Thursday *****.36 Week ago *****.06 Stondord and Poors Thursday J 76-7199 words
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198 1985-01-26 11 MALAYSIAN AIRLINE System (MAS) plans to submit its application for a listing of its shares on the Kuala Lumpur Stock Exchange by April. The national carrier will also submit applications to the Foreign Investment Committee and the Capital Issues Committee for the198 words
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Article198 1985-01-26 11 Monogors' prices for Jon 26 A 28 Second B'putro 4.82 4.87 Third B'putro 396 4.01 Fourth rpulra 4.29 4.34 Singapore Unit Trust The Commerce 222 2.36 The Savings Fund 156 1.67 S'pora Prog Fund 0.95 J 01 S'pore Sec. Fund 141 J -50 S'pore invest Fund 0.96 102198 words
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Article934 1985-01-26 11 EQUITIES opened mixed yesterday with the FTSE 100 index at 0945 GMT unchanged from Thursday's close of 1*274.7. The slight easing of domestic money market rates as sterling steadied helped sentiment but further profittaking for the end of account depressed some issues, dealers said. ICI eased 4p to934 words
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Article, Illustration401 1985-01-26 12 RENO AILIAN - By RENO AILIAN THE CHIEF EXECUTIVE of America's second biggest bank said yesterday that he is optimistic about the prospects of the US economy and further improvements to the Third World debt issue. Mr Leland Prussia, chairman of the San Francisco-based Bank America Corp,401 words
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Article240 1985-01-26 12 RUMOURS in financial circles about problem loans did not reflect the real situation, said Bank of America's chief in Singapore. Mr Lawrence Briggs said that the real problem would be if a crisis of confidence were to develop as a result of this nervousness. He said240 words
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285 1985-01-26 12 Kyodo JAPAN will continue liberalising its financial markets and internationalising the yen to actively contribute to peace and prosperity of the world as a nation of international calibre. Finance Minister Noboru Takeshi ta told the Diet yesterday that it is theKyodo - 285 words
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108 1985-01-26 12 AFP THE JAPANESE government yesterday formally adopted a report for 1985 projecting 4.6 per cent real economic growth for the next fiscal year. The figure is derived by adjusting the 6.1 per cent nominal growth rate to take into account inflation. Under austereAFP - 108 words
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460 1985-01-26 12 OVERSEAS UNION BANK announced yesterday that it would cut its prime rate by one quarter point to 8.75 per cent effective from Monday, making it the last of the Big Four local to adjust their prime rates in the recent460 words
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Article165 1985-01-26 12 A LOCAL electronics company, which recently sold its printed circuit board (PCB) making unit, is selling equipment at its second unit, a PCB assembly operation. An advertisement was placed early this week for about $220,000 worth of equipment at Integrated Electronics Manufacturing's Pasir Pan Jang165 words
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182 1985-01-26 12 MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday launched the first ferry service to ply the Singa p ore-Malacca-Dumai (Sumatra) route at the TanJung Bruas Jetty in Malacca. The Jesarina Ferry Service was provided by the Jehre Shah Shipping Co, a joint venture182 words
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Article82 1985-01-26 12 THE HIGH COURT yesterday ordered the winding-up of Fulcrum (Newton) Investments Pte Ltd, the developer of the proposed condominium project known as Newton Villa. Mr Justice LP Thean allowed the petition by the piling contractor, Westpile (SEA) Pte Ltd, to which Fulcrum owes $600,929 for piling82 words
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253 1985-01-26 12 AFTER TWO DAYS of preliminary discussions for a new air services agreement, the Singapore and Sri Lankan delegations will meet again in Sri Lanka soon. A firm date has not been fixed for the next round of talks,253 words
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176 1985-01-26 12 CHINESE Foreign Minister Wu Xueqian will call on Prime Minister Lee Kuan Yew, Senior Minister S Rajaratnam and National Development Minister Tefa Cheang Wan during his five-day visit to Singapore, starting today. Mr Wu, who was invited to Singapore by Foreign Minister S176 words
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129 1985-01-26 12 INJUNCTIONS should not have been granted against (ive companies in which (ormer Bumiputra Malaysia Finance (BMF) chairman Lorrain Eszne Osm&n had an interest because they are not parties to the suit against him. Mr Anad Krishnan, counsel (or the five companies, which are seeking to129 words
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490 1985-01-26 12 JAIME LYE - By JAIME LYE THE Tourism Development Corporation (TDC) of Malaysia is looking at Singapore as a solution to the country's tourist problems. To woo what it considers its most important market, accounting for two-thirds of the total number of visitors to the490 words
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Article63 1985-01-26 12 PROFIT-TAKING spread on Wall Street, sending stock prices slightly lower in early trading yesterday. The Dow Jones Industrial Average, which declined nearly 4Vi points on Thursday, was down half a point to under 1270. Overall, there were about 30 more issues that (ell in price than gained.63 words
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LATE FILE
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Article44 1985-01-26 12 Reuter IMELDA MARCOS, wife of Philippine President Marcos, said yesterday that contrary to speculation by opposition political parties, she does not aspire to be president. "There is only one candidate in my family and that is President Marcos," she said. Ren-Reuter - 44 words
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Article33 1985-01-26 12 PETRONAS is studying the possibility of working together with large foreign petroleum companies to carry out oil exploration in Malaysia, said Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday.33 words
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Article35 1985-01-26 12 Reuter PHILIPPINE special court judge Manuel Pamaran, who will preside over the Aquino murder trial, has set Feb 1 for the formal arraignment. Daily hearings will begin after the arraignment. ReuterReuter - 35 words
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Article35 1985-01-26 12 AFP THE International Monetary Fund has halted loans to Vietnam after Hanoi defaulted on debts. This is the first time the body has taken such action against any country. AFPAFP - 35 words
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Article35 1985-01-26 12 Reuter UNITED NATIONS Secretary General Javier Perez de Cuellar arrived in Bangkok yesterday on the first stop of a South-east Asian and Pacific tour amid renewed Wghrtng on the ThaiCambodian border. Reu-Reuter - 35 words
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Article36 1985-01-26 12 Reuter OPEC marketing experts met in Geneva yesterday before today's masting of Opec ministerial market monitoring committee. The committee comprises the United Arab Emirates as chairman, Algeria, Ecuador, Iran, Iraq and Libya.Reuter - 36 words
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Page 12 Advertisements
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Advertisement137 1985-01-26 12 -V- m SK m r-** <' 4:^l- .<s Vf ri mi Si s Mi &f*9&4 *> <•«. F r.^^*Ps r .V*** 5F *C?% M A w* V 5 rr Jl 1.5 dpAr >' k<*2*4 (or the conference "Orparate Farrign Please register the following roember(s) of this company lor u>e ruhSMi137 words
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Page 12 Miscellaneous
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Miscellaneous61 1985-01-26 12 Outlook for today- Fair oxcart lor show ors in a fow aroos m too of lot noon. Raoort for 25 hours prior to 7.30pm on Jan 25 at th« airport: Maximum tomporoturo 33.0 Awnfintid humidity 53 Minimum tomporoturo 24.0 Assoaotod humidity 92 Hours of sumWna 10.20 a -f_y |jy KOOTTGII61 words
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