The Business Times, 23 February 1985
1985-02-23
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The Business Times
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Title Section12 1985-02-23 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, FEBRUARY 23, 1985 60 CENTS12 words
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Article469 1985-02-23 1 RICHARD SEAH - Goei launches new offensive with two injunctions By RICHARD SEAH A BATTLE of suits and countersuits between the developers of Goldhill Square and the United Overseas Bank group saw no truce during the Chinese New Year holidays. Instead, Mr William Goei of Goldhill launched a new469 words
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274 1985-02-23 1 THE CASE of Mohan's Departmental Store took an unusual turn when the company recently filed a petition to wind itself up, after an earlier winding-up petition was filed by one of its creditors. The company, which is said to owe creditors about $20 million,274 words
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Article, Illustration421 1985-02-23 1 JOHN LIM - By JOHN LIM MORE THAN $1 million in duties go to the government each day from liquor and cigarette imports and sales. Add another $1 million a day from sales of petrol and diesel and the Customs and Excise Department collected $623.8 million421 words
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367 1985-02-23 1 A CARGO of crude oil bought by a Singapore company arrives here next week after narrowly missing a missile attack in the war-embattled Persian Gulf area. The crude was about to be loaded onto a tanker at Iran's Kharg Island oil terminal when it was367 words
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290 1985-02-23 1 SOH TIANG KENG - By SOH TIANG KENG SINGAPORE'S cinema industry has lost its box-office attraction as a big revenue earner for the government. Last December, the government netted only $2.06 million in entertainment duty on cinemas a 24.6 per cent drop from290 words
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Article56 1985-02-23 1 THIS YEAR'S traditional Lunar New Year Tea Party at the Istana will see First Deputy Prime Minister Goh Chok Tong and his Cabinet colleagues mingling more with their guests. The 4,000 guests which include grassroots leaders and traders/clan associations will be entertained in 1056 words
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359 1985-02-23 1 Reuter THE US DOLLAR hit 3.39 Deutsche marks yesterday for the first time in 13 l /i years in early trading in New York, after opening at 3.3840/55. Dealers attributed the latest surge in the dollar, which has gained nearly 15Reuter - 359 words
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392 1985-02-23 1 BRIAN GOMEZ - By BRIAN GOMEZ TURNOVER VALUE on the Stock Exchange of Singapore (SES) last year plummetted by 30.5 per cent to $8.2 billion from 1983, although turnover of traded stocks only dropped 15.6 per cent to 3.04 billion units. Figures from392 words
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213 1985-02-23 1 THE PAP task force set up to analyse the general election results has started the second phase of its study with visits to the 10 constituencies in which the party polled the lowest percentage of votes in the December general election. Teams of213 words
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Page 1 Advertisements
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Advertisement45 1985-02-23 1 MEMC ASIA 85 Sponsor: SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention Organiser: ©INTERFAMA PTE LTD Tel *****12 190 5—1985 80 YEARS OF BANKING EXPERIENCE IN SINGAPORE TO SERVE YOU BETTER IB RANQUEINDOSUEZ 3 Shenton Way. Sfienton House Singaporeolo6 Tel: *****1145 words
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Advertisement297 1985-02-23 1 aoaaiDß THE NEW "KID" in town is OUR VIEW COMPANY NEWS shaped like an American RTP sondwich bar, but Bronco is IT'S FINE to be sitting there at the top of the toble It's even oun| ||||t|| Ma ch 7on uO Singapore-born and bred better when they re calling you297 words
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Advertisement218 1985-02-23 1 MEMC ASU 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 PERFECTLY BIG HITTERS! i 4) The Big Name from Japan's No. 1 Clubmakers The Super Extra Correct Light Steel Shaft Woods218 words
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HOME NEWS
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Article, Illustration430 1985-02-23 2 MONICA GWEE - Bronco is Singapore born and bred By MONICA GWEE THE NEW "KID" in town is shaped like an American sandwich bar, but Bronco is Singapore born and bred. The six-week-old fast-food shop at Orchard CAE Shopping Centre is the brainchild of Mr Henry Ling and430 words
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Article389 1985-02-23 2 FLORENCE CHONG - By FLORENCE CHONG A SINGAPORE company is negotiating with the West Australian Exim Corporation on the viability of setting up a pig rearing joint venture in Australia. It is the first of several companies based in South-east Asia, including Singapore, which have indicated their interest to389 words
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262 1985-02-23 2 AS SINGAPORE Airlines prepares to make another attempt to overturn the British government's refusal to allow it to add Manchester to its list of destinations without sacrificing a London flight, a group of businessmen from the industrial city are heading East.262 words
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Article101 1985-02-23 2 COMPUTER and construction companies will meet three officials from China on March 5 and 6 to discuss business prospects in the country. The officials from the China Council for the Promotion of International Trade (CCPIT) in Tianjin will meet businessmen at the Shangri-La Hotel at two separate101 words
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215 1985-02-23 2 EVERTREE, a company that sells artificial plants to commercial organisations, plans to raise its market share. It intends to tap the private home market by setting up an indoor landscape garden which will also function as a showroom. There are also215 words
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Article, Illustration324 1985-02-23 2 A SECOND Singaporean will be promoted to sit on Mobil Oil Singapore's board of directors. Mr Eddy Kong, who will head the newly-created business systems department, will join marketing director Lim Kian Seng on the board. Other directors on the board, which is324 words
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202 1985-02-23 2 OMAN'S Minister of Housing, His Excellency Mr Ahmed bin Abdullah Al-Ghazali, arrived in Singapore last night for a sixday visit. He is the second minister from the Sultanate of Oman to visit Singapore in the past 10 months. In May last year, Oman's202 words
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Article381 1985-02-23 2 WITH THE countdown to showtime about a month away, the organisers of the Community Chest Show have firmed up on their fund raising exercise. They have organised themselves under three committees for corporate gifts, individual gifts, and special events. Mr John Hill, chairman of381 words
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409 1985-02-23 2 LISA LEE - By LISA LEE EAST COAST PARK'S new seafood centre will be ready in April, but some potential tenants are wary of the rents, limited parking facilities and competition. The centre, sandwiched between the swimming lagoon and the holiday chalets, is built409 words
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Article147 1985-02-23 2 IT MAY BE the closest thing to brand name beef, and the six Jack's Steak House restaurants are counting on Harris Ranch beef for a juicier cut of the eating business. Jack's has signed a contract with Harris Ranch, the largest beef processing operation147 words
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Article713 1985-02-23 2 Seminars and courses DURATION TITLE VENUE ORGANISER Feb 25 Feb 25-28 Feb 25-Apr 15 Feb 26-Apr 16 Feb 26-Apr 16 Feb 27 Feb 27-28 Feb 27-Mor 1 Feb 28 Feb 28 Mar 1-15 Mar 2 Mor 4-6 Mar 4-9 Mor 4-20 Mar 56 Mor 6-8 Mor 6-8 Mor 6-8713 words
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Page 2 Advertisements
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Advertisement21 1985-02-23 2 The Penguin Dictionary of Modern Quotations—a wonderful book to read in the 100, in a traffic jam, before you fall asleep.21 words
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OVERSEAS
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Article, Illustration334 1985-02-23 3 AFP THE PACIFIC BASIN is one of the most heavily armed in the world, and Washington views with "considerable concern" the concentration of military forces in the region, US Secretary of State George Shultz said in San Francisco. About one-third of the Soviet SS-20AFP - 334 words
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231 1985-02-23 3 AP PAKISTANI military authorities on Thursday acknowledged that hundreds of people have been rounded up during the past four days to prevent them from campaigning for a boycott in next week's national election. Government spokesman Younis Sethi said 369 people were arrested under "preventiveAP - 231 words
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ECO-NOTES
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Article80 1985-02-23 3 THE BRITISH economic recovery and the growth in jobs is expected to continue as inflation is under control, Chancellor of the Exchequer Nigel Lawson said. Some economists have expressed fears that the high level of interest rates and the weakness of sterling will lead to an upsurge in80 words
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Article43 1985-02-23 3 INDIA'S diamond exports in the first 10 months of the current financial year, which began last April, fell by nine per cent. Exports during the period were only 4.23 million carats, against 4.6 milion carats for the same period last year.43 words
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Article43 1985-02-23 3 JAPAN'S Matsushita Electric Industrial Co said it had developed a new vertical magnetic recording medium with a three-layer structure. The major electric and electronic appliance maker plans to use the medium to develop a new magnetic tape system, company officials said.43 words
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Article89 1985-02-23 3 ISRAEL'S Finance Minister said his country needed US$BOO million in emergency US aid to prevent its foreign currency reserves from running out and head off an irrational run on banks by an edgy public. "One of the reasons we need a safety net is to advise89 words
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Article59 1985-02-23 3 Agencies A JAPANESE car industry leader said there would be a temporary and moderate surge but no sharp rise in Japanese car exports to the US after Japan's voluntary export curbs expire at the end of next month. The forecast was made at a press conference by TakashiAgencies - 59 words
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149 1985-02-23 3 Reuter INDIAN Prime Minister Rajiv Gandhi has ordered changes in codes used to send diplomatic messages because of the country's spy scandal. The Press Trust of India (PTI) news agency said yesterday that Mr Gandhi had ordered changes in classification of secret documents toReuter - 149 words
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594 1985-02-23 3 Strong exports and minimal inflation boost economy Reuter EUROPE's strongest economy is again enjoying steady growth, booming exports and minimal inflation. But unemployment is at record levels as a second wirtschaftswunder (economic miracle) remains elusive. "Conditions for lasting economic growth have not beenReuter - 594 words
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328 1985-02-23 3 AFP AP THE SRI LANKAN Parliament yesterday debated about a further extension to the state of emergency in the country following renewed attacks by Tamil separatists seeking to set up an independent state in the north and east. The government's massive majority ensuredAFP; AP - 328 words
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193 1985-02-23 3 AP WEST GERMAN Foreign Minister Hans-Dietrich Genscher steps down this weekend from chairing a small party that has made and broken governing coalitions for years but now faces a struggle for survival. Mr Genscher, 57, is bowing out after 11 years as chairman ofAP - 193 words
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213 1985-02-23 3 UPI POLAND'S official press has launched an offensive against Catholic newspapers, underscoring deteriorating church-state relations following last year's murder of a pro-Solidarity priest. All Polish newspapers carried an article on Thursday that was signed by Jan Rem believed to be the pen-name of governmentUPI - 213 words
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588 1985-02-23 4 Trading partners should improve their own economies AS THE US DOLLAR climbed to yet new highs on sharp upward revisions of America's fourth quarter economic performance, President Reagan brushed aside calls that its strength should be curbed. The domination of the US588 words
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Article, Illustration320 1985-02-23 4 Maggie: No ready answers to woes AP BRITISH Prime Minister Margaret Thatcher, winding up her three-day visit in Washington, said there are no "readymade answers" to economic sore points between her country and the US. She recommended that the US broaden its dialogue with the Soviets on arms control. TakingAP; Reuter picture - 320 words
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Article, Illustration255 1985-02-23 4 AFP VIETNAM believes Prince Norodom Sihanouk could play "a political role" in Cambodia, depending on his attitude and on the decision of authorities in Phnom Penh, Vietnamese Ambassador to the United Nations Hoang Bich Son said. "He is very intelligent, but he has also beenAFP - 255 words
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Article187 1985-02-23 4 UPI VIETNAM has denied a Thai charge that it fired rockets containing toxic chemicals into Thailand during the border war with Cambodian rebels. "We totally rejected the charge," Vietnamese United Nations Ambassador Hoang Bich Son said on Thursday. "Vietnam has never used toxic chemical weapons andUPI - 187 words
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Article620 1985-02-23 4 MONDAY NIGHT'S abrupt resigntion of Argentina's two top economic officials could hardly have come at a worse time for the International Monetary Fund and for leading bankers who are struggling to keep the lid on a still simmering developing country debt crisis. It has injected620 words
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245 1985-02-23 4 FT PRESIDENT Ronald Reagan has named Beryl Sprinkel, the dogmatic monetarist economist who is currently Treasury Under-Secretary for Monetary Affairs, to head the Council of Economic Advisers (CEA), the White House economic thinktank. The decision removes a cloud of uncertainty which has beenFT - 245 words
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191 1985-02-23 4 AP MEMBERS of Parliament have expressed concern about allegations in a banned television documentary that Britain's intelligence service had tapped telephones of leaders of labour unions, an anti-nuclear protest group and other public figures. Gerald Kaufman, the bpposition Labour Party's spokesman on internal affairs, saidAP - 191 words
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WORLD IN BRIEF
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Article90 1985-02-23 4 BRITISH and US intelligence played a key role in locating US$l.64 million banked by the Irish Republican Army to finance its guerilla campaign in Northern Ireland. A government source in Dublin said yesterday that the Irish government has seized the funds lodged in a bank near Dublin after90 words
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Article75 1985-02-23 4 A LEFTWING terrorist group that has claimed two assassinations of American diplomats in Athens yesterday claimed responsibility for killing the publisher of a Greek newspaper. Nicholas Momferratos, 60, died on Thursday evening when an unidentified gunman pumped at least 11 .45-calibre bullets through the side window of his75 words
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Article60 1985-02-23 4 BRITAIN'S marathon coal strike yesterday looked less likely than ever to end in a peaceful settlement after all sides in the dispute dug in their heels. A conference of delegates from all British coalfields, with the power to call off the 49-week-old dispute, has voted to carry on60 words
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Article69 1985-02-23 4 PRIME MINISTER Garret Fitzgerald of Ireland yesterday hailed a vote in Parliament in favour of relaxing the country's strict law on birth control as an affirmation that the state was independent of the Catholic church. The Catholic hierarchy had bitterly opposed the bill to make contraceptives more freely69 words
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Article59 1985-02-23 4 A UNITED NATIONS inspection team, in a frank and emotional report issued on Thursday, said prisoners of war were being harshly treated by Iran and Iraq. The inspectors concluded that neither country abused the nearly 60,000 POWs as badly as alleged by the other side. But "the existing59 words
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Article46 1985-02-23 4 Agencies SEOUL has expressed regret over the rough treatment by South Korean police of Americans who accompanied opposition leader Kim Dae Jung back to the country. An American spokesman said yesterday: "We have accepted these expressions of regret and consider the matter closed." Agencies.Agencies - 46 words
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350 1985-02-23 4 UPI CHINA rejected Soviet criticism of its aid to Afghan rebel forces as "slander" and accused Kremlin leaders of attempting to "whitewash their crime of aggression" in Afghanistan. A commentary in the official Communist Party organ, People's Daily, said Chinese aidUPI - 350 words
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Article192 1985-02-23 4 AP WESTERN authorities found out how thick the Iron Curtain was when they tried to rescue a howling dog trapped between two sections of the Berlin wall. Police said the episode began when a stray cocker spaniel fell from a viewing platform on theAP - 192 words
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Article784 1985-02-23 4 ARRIVALS Operator Service number Local time From SWR SR176 0930 GVA/ZRH/BKK MAS MH671 0935 KUL MAS MH811 0940 PEN RBA BI421 1000 BWN S1A SQ103 1005 KUL CPA CX7I0 1030 HLP OA GA960 1100 HLP SIA SQ20I 1115 HLP SJA SO 105 1120 KUL THAI TG403 1155784 words
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Page 3 Advertisements
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Advertisement363 1985-02-23 3 MING COURT HOTEL LIMITED (Incorporated m the Republic of Singapore) PRELIMINARY ANNOUNCEMENT The Directors of Ming Court Hotel Limited are pleased to make the following announcement I. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1984 8. The Directors state that there was no transaction or any material factor that363 words
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Page 3 Miscellaneous
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Miscellaneous53 1985-02-23 3 Doonesbury m m ft I m I m a r-* r> n W us /4/ae yOU CRAZY 7 DOYOU KNOhUHOUJ MAW PEPUCTIONS tLL LOSS? MY BOffT, "T MY LUNCHES,/M \7\ VACATION HOME, V MY.. MY.. HEY! m *&> > 4 2T; BY GARRY TRUDEAU D&CRiBe. experiencim IHESTFAN6EST < SENSATION. 7153 words
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Page 4 Advertisements
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Advertisement13 1985-02-23 4 /W1 Pan Am. Daily 7475P To USA It Flies Smoother, Faster And Quieter.13 words
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BANKING AND FINANCE
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477 1985-02-23 5 Reuter THE EUROPEAN currency unit (ECU) is now the fifth most popular denomination for hanking transactions. The Bank for International Settlements (BIS) said in a repent that banks' use of the ECU was still well behind the dollar, the marie, the Swiss franc andReuter - 477 words
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Article133 1985-02-23 5 AP AN AMERICAN Grand Jury has indicted the owner of an import-export company on charges of fraudulently obtaining more than US$B million in loans from six banks. Manhattan District Attorney Robert Morgenthau said yesterday that Mohan Lalwani, 49, a native of Bombay, India, has beenAP - 133 words
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185 1985-02-23 5 Bernama THE SOUTH KOREAN government plans to develop Seoul as a centre of international finance in north-east Asia to cope with the changing domestic and international business situation. Financial sources said recently that the government had directed relevant agencies, including the KoreaBernama - 185 words
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Article344 1985-02-23 5 NYT THE First National Bank of Boston's guilty plea two weeks ago to charges that it did not properly report international currency transfers has spurred other major banks to scrutinise their procedures for complying with federal bank secrecy regulations. Officials in New York said yesterday thatNYT - 344 words
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446 1985-02-23 5 Main reasons Continental setback and LDC debt crisis Reuter BANKS scaled down foreign lending because of the ripple effects of problems experienced by a major international bank last year, and the continuing Third World debt crisis, the Bank for International Settlements (BIS) said. BankingReuter - 446 words
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Article137 1985-02-23 5 Reuter THE WORLD BANK has given a US$ll7 million loan to China to help improve the electric power system in the eastern part of the country. Italy is providing a $10 million credit for the project, which will cost nearly $283 million. AReuter - 137 words
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681 1985-02-23 5 NYT ALTHOUGH many economists are predicting higher interest rates by summer or year-end, fears that the US Federal Reserve is encouraging a quick rise in rates have subsided. When Fed chairman Paul Volcker delivers the Fed's semiannual report on monetaryNYT - 681 words
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MONEY AND EXCHANGES
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Article533 1985-02-23 5 SINGAPORE The local dollar yesterday weakened to a late 5J2.2675/95 to the US currency from 2.2550/2600 on Tuesday and to 5588.20/40 per 100 ringgit from 88.10/ 20. The US dollar closed firmer against most major currencies. It was traded at a late 3.3710/25 marks, surpassing its 13Vt-year high533 words
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Article45 1985-02-23 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Feb 25 to Mar 1. Offered: $100,000,000. Applied for: $100,000,000. Allotted: $100,000,000. Accepted bids: $99.27 all bids in full. Average rate ef dlseeut on alMaeat: 2.930 per cent per annum.45 words
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Article44 1985-02-23 5 HONGKONG The market was closed yesterday. TOKYO Futures closed down 28 to 35 yen per gram on stoploss and fresh selling yesterday, triggered by New York's decline. LONDON The morning gold fix yesterday was U*****.80 an ounce, down $1.05 from the previous fix.44 words
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Article, Illustration184 1985-02-23 5 Asian market PERIOD dollar deposit rates closed sharply higher yesterday compared with Tuesday's close. KNCATES the awagc of tha prim hndhf rata* of 12 major bad» oporatin| in Sfafapara. 7 days 1 month 2 months 3 months 6 months 9 months 12 months us$ Offer Bid 8 13/16 8 11/16184 words
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Article351 1985-02-23 5 EURODOLLAR futures opened bearish yesterday as interest rates were expected to increase further following the strong fourth quarter US economic performance. March Eurodollar opened near the low of CME's close at 90.49 and was traded to 90.44 before closing at 90.47. Near-term support is at 90.43 and again at351 words
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Article118 1985-02-23 5 THE OVERNIGHT rate on the Singapore interbank money market fell by Va from Tuesday to close at 7 per cent yesterday. The one-month rate closed at 5 7 /fe while the two- and three-month rates closed at a uniform 515/16. Discount prices At yesterday's close fe > d118 words
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Page 5 Advertisements
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Advertisement111 1985-02-23 5 J "Happiness, Prosperity and Longevity Yu Sheng" *si 4 v f i r* > Celebrate the Lunar New Year with our much talked-of "Happiness, Prosperity and Longevity Yu Sheng". And feast on the variety of delectable dishes specially prepared by our Master Chef. ■3 Shark's Fin with Crab Meat Roast111 words
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TIME-OFF
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Article481 1985-02-23 6 IT'S FINE to be sitting there at the top of the table with 22 points from nine matches. It's even better when they're calling you a winning team a team with experience. But it's a whole new ball game when the paying public just won't pay to481 words
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Article, Illustration573 1985-02-23 6 MONICA GWEE - By MONICA GWEE MAMA MIA! It's Paolo Ligas who used to kick a mean football and box in a ring when he wasn't washing plates. Indeed, Paolo s spicy life is a tale of wicked food punched into shape in 24 years full of573 words
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Article, Illustration229 1985-02-23 6 THE FIFTH DAY of the Lunar New Year tomorrow is an uneventful day in the Chinese calendar. Offerings and sacrifices have been made to the gods and ancestors, and household deities such as the kitchen god, which had earlier returned to heaven have been welcomed229 words
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Article, Illustration442 1985-02-23 6 EXHIBITIONS AN EXHIBITION of the lives of the three masters of German baroque music J S Bach, G F Handel and Heinrich Schutz. Jointly organised by the Institute for Foreign Cultural Relations, Stuttgart, and the Goethe-lnstitut. Till Feb 28, daily except Sundays, 12 noorv-6 pm, Goethelnstitut Art Gallery.442 words
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331 1985-02-23 6 STRAWS in the Wind AH SO! Japanese rabbit has cat's claws. The mystery sf the rabbit with cat's claws has been solved. Hw British Sundsj Telegraph did not, after all, mistake the eat for the rabbit In Its feature on the Chineoe horoocope. The331 words
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Page 6 Miscellaneous
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Miscellaneous1086 1985-02-23 6 to sm CHANNEL S 12.20 PM SBC Teit "Live" San** Pajes 12.50 Open* and Programme Ifigtights followed by Sesame Street 1.55 Saturday Matinee Deadman's Float 3.05 Itaian Footbal Internazionale vs Juventus 3.50 Malay Movie Siapa Salah? 6.10 Programme Ifighfights 6.15 News in Engfish 6.25 Understanding Toddkrs 6.55 Ciitural Diary (English)1,086 words
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Miscellaneous805 1985-02-23 6 CRYPTIC PUZZLE ACROSS 9 Moke up for on occasion m the post (2, 3. 4) 10 Give one's judgment on a number in the dancing scene (8) 12 Don't keep on; it's only on outhouse' (4) 13 Die through his bungkng (6) 14 The dope has his food out (7)805 words
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SPORTS
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Article, Illustration699 1985-02-23 7 BRIAN MILLER - By BRIAN MILLER THEY SAY that a change of name can sometimes lead to a change of luck. We have seen it happening a couple of times before when a down-and-out galloper gets a new name and, presto, he's a winner. It is definitely699 words
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Article972 1985-02-23 7 VmmI Berth Arrival Departure KEPPEL WHARVES Arrow King 44 alongside 23.2/1400 M'sian Pride 15/6 alongside 23.2/2300 Silver Light 20W 22.2/2030 23.2/0600 Cape Cornwall 5 23.2/0900 27.2/0700 Jenhol 22 23.2/0700 23.2/2300 Kap Mezentsyev 47 23.2/0700 24.2/0700 KomFedko 15/6 23.2/2300 25.2/0600 NedMoii 44 23.2/1800 25.2/0600 Rajah Brooke 21 23.2/1230972 words
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211 1985-02-23 7 AFP RISING swimming star 19-year-old Tony McDonald became the first Australian to break the twominute mark for the 200metres butterfly in his own country at the Australian championships in Melbourne on Thursday night. McDonald, of Western Australia, sliced 1.39 seconds off the AustralianAFP - 211 words
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445 1985-02-23 7 WALTON MORAIS - By WALTON MORAIS CHANGI's perennial favourite Mohammed Ali will be kept busy this weekend. The five-handicapper will have the weight of being favourite resting on his shoulders as he challenges for success in two competitions. Today, he plays his quarterfinal445 words
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Article, Illustration528 1985-02-23 7 Agencies TOP-SEEDED Jimmy Connors breezed to a 6-4, 6-2 victory over 10th-seeded Brad Gilbert on Thursday in a third-round match of the U*****,000 Pilot Pen Classic men's tennis tournament in La Quinta, California. Connors will meet 14th-seed-ed Greg Holmes in one of Friday'sAgencies - 528 words
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Article, Illustration322 1985-02-23 7 AP ROOKIE Greg Twiggs used a howling wind to set up a last-hole birdie that provided him with the first-round lead on Thursday in the US$4OO,OOO DoralEastern Open golf tournament in Miami, Florida. Twiggs, who has yet to make a cut on the PGA tour,AP - 322 words
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Article105 1985-02-23 7 AP BRITISH motor-racing driver John Watson may join the Toleman team few this year's Grand Prix championship, a British press report said on Thursday. A report in the Daily Mail said Watson, who lost his place with Marlboro McLaren last season, is having talks with theAP - 105 words
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Page 7 Advertisements
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Advertisement75 1985-02-23 7 > X A V li IH /> 'Good Luck' Yu Sheng (Raw Fish) is available from Feb. 21 1985 to March 6 1985 at: CiokkMi Phoenix mSSSfiS Sidiuan Re*Uniraiil KarafiS Hotel Eq" atorial J* >33KSfi/ 429 Bukit Timah Road. Singapore 1025 Tel: *****31 (■olden PhoenLv Sichuan IW#rtaurtuH 4th storey. World75 words
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INTERNATIONAL STOCKS
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334 1985-02-23 8 Reuter TRAFALGAR House PLC's £175 million rights issue, coupled with the announcement of two takeover bids and a promising North Sea gas find, shows the company's growth momentum remaining in full swing. Analysts said per share earnings growth will be slowed by the issue ofReuter - 334 words
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157 1985-02-23 8 Reuter COCA-COLA, the world's largest soft drinks manufacturer, has reported higher fourth-quarter and full-year earnings, buoyed by a 6 per cent increase in worldwide unit volumes and the continued success of diet coke in the US. The group said that it was "optimistic" about prospectsReuter - 157 words
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Article265 1985-02-23 8 UPI THE NEW YORK stock market suffered a small loss on Thursday in response to new concerns about upward pressures on interest rates. The Dow Jones industrial average, which gained 2.54 points on Wednesday, fell 4.09 to 1,279.04. The New York Stock Exchange indexUPI - 265 words
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Article131 1985-02-23 8 FEI 21 C$ Imp Oi 46* Inco 18* Abrtfa 44 unch 33* Alcon 38* Int Un 24* 22* inch Inti Nfcfcol 27* 16* Bank Nova Scotia Lobkiw B 19* B*« Td iS 4* BP Can Ltd 26* Mc Bkxtel 26* 34* 16* 30* 71 1* Can Pirn Ma Moforvdo131 words
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Article222 1985-02-23 8 FU 21 ■and Trust 8k 215 110 4-5 •nKTtlALt Urasac 460 WooJworth 1360 10 Abarcom A£ And Q 130 715 -5 unch unch -10 Anglos MININGS 2300 -60 2225 1630 -20 Barlows 1000 unch Buffets 6750 -50 C G Smith ***** unch 4206 +10 CNA 240 15 Cons Gold222 words
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Article732 1985-02-23 8 FES 21 us$ ACF Induuna* AJcan AXrrwl 28% -2* Alcoa 37* AMwv Lud 27* unch AM Own Cp 38* inch Aftad Stora* 54* Ah<Mwi 7* •1* Am Brands he 65* Am Broodcast 66 inh Am Can Co 53 Am Cyananad 53* •1 Am Hoc Pw 21 Am Exprau732 words
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Article671 1985-02-23 8 Amsterdam FEB 21 Fk ABN 396 00 -3 Aagon Ahold Akzo AWCV ***** -0 5 219 00 1.4 109 50 +19 214 50 -0 5 Amhs AimM Baric Boh 75 10 -0 2 69 00 3.2 ***** +09 357.00 +3 Bo*ko Burtat Cotand Cut" 94 00 +1.5 35671 words
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Article115 1985-02-23 8 FT ASEA, the Swedish electrical engineering and electronics group, has reported an 18 per cent rise in profits before tax and allocations to 2.23 billionn Swedish kronor for 1984. The group is to raise its dividend from six kronor to seven kronor a share. SalesFT - 115 words
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Page 8 Advertisements
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Advertisement107 1985-02-23 8 High tea. at Orchard Hold Singapore. M 3. V f r At The Terrace on Saturday, from 3pm to 6pm, help yourself to a tempting array of tea-time goodies like baked ham, quiche lorratne mango cake dian xin and more Then enjoy a stunning fashion show with models from Carrie's.107 words
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Advertisement153 1985-02-23 8 your very own retreat A S At Scotts Cafe, we serve all your tastebuds' fancies from delicious Western cuisine to mouth-watering Oriental dishes. Set in an intimate atmosphere surrounded by red brick walls, wrought-iron lamps and lush greenery. JAi HUICL ASIA Your Mand in Singapore ■mA HOTEL ASIA PTE LTD153 words
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Advertisement84 1985-02-23 8 fN J sr A* S^: Specialized in: HONG KONG DIAN XIN CANTONESE CCJISINE Business Hours: 11.00 am 2.30pm (Sundays Public Holidays; B.ooam 2.30pm) Dinner: 7.00pm 10.30pm Jj PRESIDENT MERLIN HOTEL V 181, Kitchener Road, W Singapore 0820. Td: *****22. Entertain your friends in Royal Style at EMPEROR'S ROOM a o»84 words
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Advertisement125 1985-02-23 8 \r St 0 m A oe Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discnminating gourmet. Special business lunch at $16++ each and $20++ each (min. 2 persons). Over 50 a la carte specialities are also available. FURAMA SINGAPORE HOTEL 10 Eu125 words
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Advertisement136 1985-02-23 8 London stocks, Pag* 11 -4U iU £•< m V it *4 if Jjounep 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! tppy tloam spm 7pm.136 words
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ASIAN STOCKS
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Article401 1985-02-23 9 TOKYO: Prices fluctuated yesterday before finally heading steadi- ly higher in late afternoon buying and driving the market average up 18.60 to 12,147.06 at the close. Buying centred on financials, which were in the limelight on Thursday, and spilled into some speculative stocks. Financials' popularity on Thursday helped the401 words
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Article96 1985-02-23 9 MANILA: The market closed higher yesterday in quiet trading. The Commercial and Industrial index rose 0.56 to 114.35 and the Mining index 0.95 to 739.59 but Oils eased 0.009 to 0.604. Ft! 22 foot Phil Ov«fs«os 0.008 unch ***** unch An0o PM 0 001 unch 0004 unch 3550 0596 words
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Article374 1985-02-23 9 SYDNEY: Heavy trading in Hooker Corp was the feature of the day as widespread profit-taking sent Australian share prices lower. Near the close yesterday, the All Ordinaries index was down 10.4 at 785.2, the All Industrials index was down 14.0 at 1162.6 and the All Resources index was down374 words
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Article80 1985-02-23 9 Feb 22 Bank Seoul Won 600 -to Hyundai Const Hyundai Motor 906 579 521 -1 -4 +3 Choheung Bk Commercial Bk 591 670 455 unch 5 -10 Korea F»*t Korea Oi 672 1815 unch -17 -10 Daewoo Corp 440 548 unch 1 Korea Lucky Ltd 657 779 Dong Ah80 words
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Article142 1985-02-23 9 BANGKOK: Prices closed higher in moderate trading yesterday. The Book Club index rose 0.19 to 125.23 with gainers leading losers by a margin of nearly two-to-one. Turnover was 165,148 shares worth 42.6 million baht compared with Thursday's 267,113 shares worth 39.5 million. The HONGKONG and TAIPEI markets were closed142 words
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178 1985-02-23 9 Reuter ELDERS IXL's subsidiary, Carlton United Breweries Ltd, has contributed significantly to its record first-half earnings. The group earlier reported a rise in net profit to A 543.68 million in the halfyear ended Dec 31 from $35.57 million previously. Elders said its pastoral division postedReuter - 178 words
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169 1985-02-23 9 Reuter CANON INC's sales are expected to rise by 20 per cent to about 580 billion yen this year. The Japanese group attributed the increase to rising demand for plain paper copiers and electronic office equipment. Canon earlier announced a parent company aftertax profitReuter - 169 words
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386 1985-02-23 9 Reuter WAKO Research Institute of Economy Inc has revised downwards its estimate of Japanese corporate profits for the six months ending March 31 to an average rise of 7.9 per cent on the preceding six months from a 13.1 per cent increase forecast previously.Reuter - 386 words
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414 1985-02-23 9 AP UPI JAPANESE carmakers plan to export more than a million vehicles on a knock-down basis for assembly abroad this year. The Big Three of the country Toyota, Nissan and Mazda intend to export 655,000 passenger cars, trucks and buses Toyota (NoAP; UPI - 414 words
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Page 9 Advertisements
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Advertisement621 1985-02-23 9 FOR FURTHER INFORMATION CALL *****11 NOW .> rvv PH (<► Level 5. Peninsula Hote 1 *4 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 Lunch621 words
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Advertisement111 1985-02-23 9 M M At COFFEE GARDEN... 24-HO HONG KONG DIAN XIN, NOODLES AND CONGEE. SPECIAL ROASTS* AVAILABLE TOO! Also available round-the-clock are delectable local and continental cuisines. n m I T RO •AiwkMe from llam 3pm 6pm llpm m M Set Breakfast Specials of Porridge Dian Xin available Mimmmuji. M'M. 19111 words
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RAW MATERIALS
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390 1985-02-23 10 MICHAEL NEILL - By MICHAEL NEILL AUSTRALIA'S Comalco is currently running at full capacity the American aluminium smelters it acquired from the troubled Martin Marietta Alumininum late last year in spite of the obviously questionable viability of some of the operations. Indeed, Comalco chairman Mark Rayner390 words
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127 1985-02-23 10 AP CUBA has become the 75th member of the International Coffee Organisation, which regulates world prices through a system of export quotas. ICO executive director Alexandre Beltrao said on Thursday Cuba applied to join the London-based organisation last year after a Colombia-led campaign to increaseAP - 127 words
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459 1985-02-23 10 Reuter THE DECLINE of the Australian dollar against the US currency this month has made easier the Australian Wheat Board's task of trying to sell near record tonnages into an oversupplied world market. The Australian dollar's weakness is one bright spot in anReuter - 459 words
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Article135 1985-02-23 10 TOKYO Futures closed unchanged to 1.6 yen firmer in light trading yesterday, except nearby March which fell 1.4 to 196.2 yen per kg. Values fell initially on liquidation in a market lacking fresh news during New Year holidays in producing countries. But it later upturned on small-lot speculative buying135 words
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Article160 1985-02-23 10 WHEAT futures closed steady to firmer on the Chicago Board of Trade on Thursday. Prices ranged from 2V«cent per bushel higher in near March to unchanged in thinly-traded distant March. Traders said wheat was less vulnerable than other grains to the influence of weak precious metals and foreign currencies.160 words
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Article144 1985-02-23 10 AFP THE ALL-TEA average price fell 5.5 per cent to 249.48 pence a kilo, its lowest since last September, at the weekly tea auction in London. The decline from the previous week's level of 263.88 pence reflected a fall in the average price of allAFP - 144 words
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Article95 1985-02-23 10 THE Kul* Lumpur Tin Market price yesterday stayed at the IT A fleer level ef MS2S.IS per kg. The holler stock manager was the sole buyer amid continuing lack el demand from other seetors. The premium ever the spot price in London widened te £475 per tenne from95 words
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Article182 1985-02-23 10 CHICAGO soybean futures trimmed earlier losses on sympathetic support from the stronger soyoil, closing Thursday unchanged to two cents a bushel lower in active trade. Late purchases in March by C and D Commodities helped prices, triggering buy-stops. But gains were limited by the strength of the dollar and182 words
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Article1004 1985-02-23 10 COFFEE Robusta futures closed Thursday afternoon £6 to £4 a tonne easier on nearbys to £5 to £2 firmer in distant months. Prices ended at or near the highs of a fairly narrow range after light Jobber buying in afternoon trading as sterling slumped to a new low1,004 words
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Article151 1985-02-23 10 Chinese Produce Exchange Robusta 20/25% FOB NSW 477 50 (Sellers' noon closing (Kit« on Fob Nutmeg 438 00 22 SJ/lOOkg) 110 FOB NSW E W FOB NSW 281 00 Coconut oil Gombier Bulk FOB 155 00 Old drum FOB 168 00 FOB NSW 330 00 New drum FOB151 words
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Article153 1985-02-23 10 Singapore (S$/kilo, e*-godown) Thai white 100% 1st doss (kangaroo) new crop 100% 2nd doss 100% 3rd class 25% new crop B-10% Thai broken A-super Special Thai rice 55% China rice 10% 15% 25% 35% 096 070 065 No stock No stock 060 057 No stock 087 No stock No153 words
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Article47 1985-02-23 10 THE Malaysian crude palm oil market is closed for the Chinese New Year holidays but will re-ope* on Monday. Sumatra 5% Feb March April May ROTTERDAM 6l000str 595 00s* 590 00s* 585 OOslr USVtWM* (mMOTS' doling pncas) LONDON USVtaMM (leSeo' Sumatra/M'skd Max 5 Feb 615.OOslr47 words
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289 1985-02-23 10 Reuter FARMERS in Ivory Coast, having sucessfully planted cocoa trees and seen their country become the world's biggest producer, are now grappling with the complexities of rubber cultivation. Aided by the Ivorian government, international organisations and rubber experts, farmers in thisReuter - 289 words
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Page 10 Advertisements
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Advertisement226 1985-02-23 10 M M- KAYE Murder arul y«W-J(i ia ■J% ■F DEATH IN KENYA Af.Af. /Ca/e A new masterpiece of mystery and romance by the bestselling author of The Far Pavilions and Death in Zanzibar. The Rift Valley estate is recovering uneasily from the Mau Mau terrorist uprising. But for the small226 words
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COMPANY NEWS
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Article, Illustration326 1985-02-23 11 By HOCK LOCK SIEW AFTER A SPIRITED twomonth rally attempt since its debut in late August last year, Lee Kim Tah Holdings fell headlong under a rash of profit-taking and investor liquidation that soon saw the shares trading below its $1.50 offer price. With rapid priceBy HOCK LOCK SIEW - 326 words
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Article286 1985-02-23 11 THE NEW STRAITS TIMES Press (Malaysia) Bhd (NST) is looking into the possibility of setting up a regional plant in Sabah and Sarawak. Chairman Abdullah bin Mohd Yusof said at the moment the group had editorial coverage and support through branch offices in both286 words
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347 1985-02-23 11 CONSOLIDATED Plantations Bhd had cash resources (comprising bank balances and deposits) amounting to M 5286.5 million in addition to short-term market securities worth $6.4 million as at June 30, 1984. In a circular to shareholders on its proposed acquisition of 51347 words
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538 1985-02-23 11 BTR PLC said it is extending its bid for Dunlop Holdings PLC until March 7 on unchanged terms after acceptances reached 0.26 per cent of Dunlop ordinary shares. BTR's offer, resisted by the Dunlop board, consists of two BTR ordinary shares for538 words
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646 1985-02-23 11 FOREIGN BANKS in Malaysia are in a quandary over recent amendments to the National Land Code restricting foreign ownership and land dealings which, if strictly applied, will bar them from taking a charge on any property or land for646 words
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1077 1985-02-23 11 DONALD McLAY - (üBMSCT W® By DONALD McLAY Managing Director, Bain Co LAST YEAR was a favourable year for the Australian economy as a whole, although not every sector was buoyant. The good news was that the overall economy expanded by around six per1,077 words
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84 1985-02-23 11 WAN MALAYSIAN-OWNED MUI Australia Pty Ltd plans to increase its holding in Peters (WA) Ltd from 18.3 per cent to 30 per cent. This is subject to the approval of the Foreign Investment Review Board. MUI Australia's Malaysian parent, Malayan United Industries Bhd,WAN - 84 words
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155 1985-02-23 11 Bernama DUNLOP MALAYSIAN Industries Bhd will manufacture car tyres for the made-in-Malaysia Proton Saga. It said in a statement that Proton's quality assurance team recently visited the Dunlop tyre factory in Petaling Jaya to assess the factory's production and quality control systems. TheBernama - 155 words
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Article963 1985-02-23 11 EQUITIES opened easier in quiet trading yesterday following the lower overnight close on Wall Street. The FTSE 100 index at 9.45 am was down 5.6 at 1273.5. The easier sterling trend and slightly firmer domestic money rates further dampened sentiment and operators expected the market to drift further963 words
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Article102 1985-02-23 11 HONGKONG Hong Seng Index Friday Closed Tuesday 1435.17 Week ago 1405 93 Australian Industrials Friday 1162.6 Thursday 1176.6 Week ago 1181.1 NEW YORK TOKYO Tokyo Dow Jones Fridoy ***** 06 Thursday *****46 Week ago ***** 29* Dow Jones Thursday 1279.04 Wednesday 1283.13 Week ago 1287.88 Standard and Poors102 words
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700 1985-02-23 12 AQUINO Trial AFP PHILIPPINE opposition leader Benigno Aquino could not have lived more than five minutes after he was hit in the neck by a single bullet fired from close range, an expert witness said at the start of the Aquino murder trialAFP - 700 words
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390 1985-02-23 12 SOCIAL ENGINEERING is a top priority of the Housing and Development Board, which has "consciously recognised its own significant influence on Singapore". The HDB will use this considerable influence to help residents in shaping their lives for the better, according390 words
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Article65 1985-02-23 12 AFP PRESIDENT Konstanin Chernenko was sick and would not deliver his campaign speech for elections to the Supreme Soviet, a Foreign Ministry spokesman confirmed yesterday. Mr Chernenko, 73, who is also secretary-general of the Communist Party, has not been seen in public since Dec 27.AFP - 65 words
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Article106 1985-02-23 12 THE 2S accused are charged with two counts of murder, for the Aug 21, 1983, killing of Aquino, and of Rolando Galman, the man the military tagged as the assassin who was gunned down by soldiers moments later. Armed forces chief Fabian Ver, Major General Prospero Oiivas and106 words
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Article, Illustration704 1985-02-23 12 LEE HAN SHIH - By LEE HAN SHIH MANY Housing and Development Board flats will have only one occupant each by the year 2000 if the HDB continues with its present building programme. Between now and the turn of the century, the HDB estimates it has to704 words
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340 1985-02-23 12 AFP EUROPEAN Parliament experts have assailed companies in Taiwan, Singapore, South Korea, Hongkong, Nigeria, Brazil and Mexico for product counterfeiting, in some cases involving such intricate and vital instruments as aircraft brakes and pacemakers. In a hearing on Thursday night, experts toldAFP - 340 words
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96 1985-02-23 12 Bernama INDONESIA'S Mining and Energy Minister Dr Subroto yesterday asked Prime Minister Yasuhiro Nakasone to increase Japan's imports of Indonesian oil, and Mr Nakasone replied that he would do his utmost to meet the request, government officials said. Dr Subroto, in Tokyo toBernama - 96 words
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515 1985-02-23 12 CHUANG PECK MING; JAIME LYE - By CHUANG PECK MING and JAIME LYE TRAVEL AGENTS expect more Singaporeans to go abroad this year, but are less optimistic about making more money on the whole. They were commenting on a survey of business expectations which indicated that only financial515 words
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Article68 1985-02-23 12 WALL STREET stock prices were slightly lower in early trading yesterday as the market continued to search for direction. The Dow Jones industrial average was off about half a point to under 1279. Overall, losers held a three to two lead over gainers. Volume was about 1168 words
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LATE FILE
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Article48 1985-02-23 12 AP A MALAYSIAN cargo ship capsized in Osaka Bay, western Japan, yesterday evening. The 3,675-tonne Siti Freda was carrying logs from the Philippines when high waves and strong wind caused it to take water. The captain and 20 crewmen have been rescued. APAP - 48 words
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Article45 1985-02-23 12 Reuter TAIWAN'S Board of Foreign Trade plans to buy US$32O million worth of US products during a visit to the US in April. TTie purchases would include machinery and grains, including 510,000 tonnes of maize for delivery between June and September.Reuter - 45 words
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Article52 1985-02-23 12 Reuter BRITISH retail prices rose 0.4 per cent in January, after December's 0.1 per cent fall. The Employment Department said the year-on-year rate in January was 5.0 per cent, compared with December's 4.6 per cent. The January retail price index was 359.8, baseReuter - 52 words
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55 1985-02-23 12 AP US Assistant Secretary of State for East Asia and the Pacific, Paul Wolfowitz, will visit China next week for talks that will likely touch on hostilities in Cambodia and the Chinese-Vietnamese border. Diplomatic sources said yesterday that Wolfowitz will be accompanied by threeAP - 55 words
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Article49 1985-02-23 12 AP THE second test of an unarmed cruise missile in Canadian airspace was postponed on Thursday night after a fuel leak was discovered in a plane that was to monitor the missile's flight yesterday, Major Alton Waller said at Grand Forks Air Force base. APAP - 49 words
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Page 12 Advertisements
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Advertisement488 1985-02-23 12 IC TIMES CONFERENCES presents AN INTERNATIONAL CONFERENCE ON BUSreSS STRATEGY FDR BFTOS Pirn RETAIL DRGfiniSfiTlDriS THE ELECTRODE IfTIPRCT 14 15 MARCH. 1985 SHANGRI-LA HOTEL. SINGAPORE 14 MARCH, 1985 CONFERENCE CHAIRMAN: Mr Pierre A Dupont. President. Bell Canada International Inc., Canada KEYNOTE ADDRESS: CHALLENGES AHEAD FOR BANKS AND RETAILERS Mr Goh488 words
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Page 12 Miscellaneous
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Miscellaneous55 1985-02-23 12 Outlook for today: Fair; showers in a few areas in the early evening. Report for 25 hours prior to 7.30pm on Feb 22 at the airport: Maximum temperature 33.0 Associated humidity 60 Minimum temperature 25.8 Associated humidity 93 Hours of sunshine 7.65 Rainfoll in millimetres Nil Rainfall this month 65.755 words
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