The Business Times, 2 March 1985

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. <P) No. 99/1/85 SATURDAY, MARCH 2, ISBS 60 CENTS
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  • 261 1 SINGAPOREANS wanting to study law can now do so at selected universities in five countries and have their qualifications recognised locally, following a new amendment to the Legal Profession Act. Until now, only those qualifying as barristers or solicitors in the UK
    261 words
  • 57 1 THE COURT-HEARING of suits and countersuits between the developers of Goldhill Square and the United Overseas Bank group has been adjourned by the registrar to a date to be fixed. It was decided yesterday that the interim injunctions obtained by William Goei of Goldhill Square against the
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  • 467 1  -  Move unlikely to affect sharp increases in deposits By ALVIN TAY THE POST OFFICE Savings Bank yesterday lowered its savings rates t y up to three-quar-ters of a percentage point, but the move is unlikely to reverse the sharp increases in deposits with the national savings
    467 words
  • 452 1  -  By LEE HAN SHIH ABOUT 45<i workers of General Electric (ISA), mostly females and some mth more than three years of scvice, were retrenched yesterdiy to pave the way for automation and a reduction in GE's nlanufacturing activities in Singapore. About 3)0 of those
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  • 229 1 PRESIDENT Devan Nair yesterday praised the Rotary Club for its commitment to helping the needy and the handicapped. He told the Rotary Club of Singapore-West's 25th anniversary charity dinner last night that he had "the highest regard for the Rotarians". Referring to an address he
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  • Article, Illustration
    83 1 THE pace of advance at the Singapore stock market slowed down yesterday as anxious Investors began to cash In on some of the profits earned during the past six trading sesThe BT Composite Index ended the day 3.8« points higher at 743.19 while the ST Index gathered 2.1«
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  • 303 1 CONTROL of hazardous substances was lacking and remedial action was needed, half a dozen government ministries agreed. Many inter-minis-terial committees have been set up since the 70s to tackle the problem. However, among other problems, the six ministries could not agree on which was responsible
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  • 186 1 THE GOVERNMENT managed to me et expenditure in its financial year ended March 31 last year and still had $1 million left. R< venue collected amounted to $1),632 million, up 16.5 per cent from that of the previous year, while expenditure rose by a
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  • 506 1  -  By BRIAN GOMEZ BANKERS have welcomed the impending cut in brokerage on foreign exchange deals, but brokers are concerned it could lead to a deterioration in their market making services. A number of bankers told BT that brokerage charges in Singapore were among the
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  • 124 1 UNDERCUTTING by operators on the Singapore International Monetary Exchange (Simex) has led the Monetary Authority of Singapore (MAS) to issue guidelines on fees charged by clearers, sources told BT. Charges have dropped to US$5 per entry compared with US$l5 to US$2O in the US, and the
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  • Page 1 Advertisements
    • 205 1 ASIAPRINT '85 4th International Exhibition of Printing, Graphic Arts Eauipment Supplies. ASIAPRINT JUNE 20-23 WTC S PORE THE CLUB THAT STANDS IN A CLASi OF ITS OWN V 4 If it's »ong accurate drives you're wanti Mizuno All Star Polaris is for you. For woods, the heads are crafted fron
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    • 184 1 MONEY EXCHANGES 5 CROSSWORDS 7 SPORTS 7 SHIPS IN PORT 7 OUR VIEW ERTISEMENTS which ore set out mainly to discredit etitors do not perform a useful role. Perhaps those ie advertising industry merely obey the commands lients who pay their salaries. But they 0 risibility to advise clients when
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    • 160 1 Full report, Page 10 International stock*, Page 8 Asian stocks, Page 9 Getting Good People &Keeping Them Mso *9 er"s OuiH The book offers a fresh, unique approach to management To begin with, it is aimed only at excellence at the high-quality, highperforming. high-producing people getting them, using them, rewarding
      160 words
    • 23 1 ASIAPACK '85 hm! 4th International Exhibition W of Packaging Machinery Is I Materials And Food II Processing Machinery JUNE 20-23 WTC S PORE
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  • HOME NEWS
    • 393 2  -  Measures in line with efforts to prevent congestion By LIM SOON NEO THE GOVERNMENT is stepping up efforts to improve public transport with the aim of encouraging more people to use buses, and later, the Mass Rapid Transit system, to prevent congestion. To
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    • 279 2 TAN CHONG A Sons Motor Co (S) Pte Ltd has diversified into providing up-market bus services. The company, better known as the distributor for NLsan vehicles, has formed a subsidiary Super Express Commuter Services Pte Ltd to provide air-conditioned bus services. The project involves
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    • 120 2 SBS will be selling a specially designed coin purse from March 5 for its passengers. Commuters can buy the coin purses at 50 cents each. Alternatively, they can ask for the purses together with $1.50 or $4.50 worth of coins. The purses come in
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    • 166 2 HEWLETT Packard celebrates its 15th anniversary in Singapore today with plans to regroup its four offices and expand operations. Top on its list of priorities for the future is research and development to "develop our own proprietary product line", said an HP official.
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    • 313 2 CLOSE TO 100,000 Taiwanese visitors wil come to Singapore this year il efforts by the Singapore Tour st Promotion Board (STPB) to woo the visitors succeed. Mr Chi i Seng Wah, regional director (Asia) of the STPB, said yesterday that an increase of
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    • 206 2 THE PEOPLE'S ASSOCIATION in the list financial year to March 19! 4 spent about $29 million on ts operations, which have be ?n defined as the promotion of group participation in serial, cultural, educational and athletic activities. The bilk of the money was
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    • 268 2 THE LAST of the downstream plants has started up in the $2 billion petrochemical complex, allowing the project to go into full gear. The $200 million ethylene oxide ethylene glycol (EO/EG) plant in Pulau Ayer Merbau came onstream last month, in time for
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    • 64 2 THE ACTING general manager of the Solomon Islands National Provident Fund Board, Mr Arthur Unusu, and three board members, Mr Snyder Rini, Mr Joses Tuhanuku and Mr William Faka, were in Singapore between Feb 2SB and March 1. The members came to find out more
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    • 386 2  -  By FOO CHOY PENG MOST EMPLOYERS kept workers' wage increases within the 1984 National Wages Council guideline last year but many opted for the upper end of the range. This was the major finding of a 1984 NWC survey of 704 unionised
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    • 150 2 STUDENT ENROLMENT at the Nanyang Technological Institute (NTI) rose by 118 per cent in the 1983-84 academic session, its second year of operation. The student increase was matched by NTl's expanded academic and development activities and a bigger government grant. Direct government grants
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    • 91 2 SINCE the re-launch of the national school savings campaign, the amount of new deposits by primary and secondary pupils has increased six times to $68 million. Over the same period 1983 to 1984, tjie number of new accounts had risen threefold to 114,637. These figures were
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    • 138 2 RIG-BUILDER Bethlehem Singapore will keep its 425 workers for the time being. But general manager Mr BE Larimore has said that the situation will be reviewed every three months. However, Bethlehem, a joint venture between Bethlehem Steel Corporation of the US and DBS Bank,
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    • 417 2 LOCAL SHIPYARDS now have the full backing of the Trade Development Board in exporting their servicjp. The board making a concerted effort with the Singapore Association of Shipbuilders and Repairers (SASAR) to market Singapore's capabilities at Expoship London '85, one of the biggest marine and
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    • 382 2 A NEW BILL introduced in Canada's Parliament last year will, if passed, pave the way to greater and easier investment in that country. This is because the new Investment Canada Bill, introduced by the Minister for Regional Industrial Expansion, Mr Sinclair Stevens, will mean dissolving
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  • Page 2 Advertisements
    • 75 2 a Turkish AW? glean Bus L mess (A U<IMI, TOKYO, Thurs. A linguistic muddle has developed into a bilateral issue between Japan and Turkey. It is the Japanese word "Turuko" which also means the country Turkey. When a lascivious Japanese male says he is going to a Turkish bath, he
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  • OVERSEAS
    • 390 3 AP JAPAN and Australia will lead the parade in economic growth in coming months, a New Yorkbased research organisation said yesterday, with the US lagging at the tail-end among the world's industrial nations. In the meantime, a "healthy expansion" will continue in Western
      AP  -  390 words
    • 114 3 AP MEASURES by the Reagan administration to reassert US economic and military power may have sown the seeds of future crises with Third World countries. Bleeding a radical regime in some local conflict in order to warn revolutionaries elsewhere "serve neither American interests nor American
      AP  -  114 words
    • 265 3 Reuter JAPAN'S politics have )een thrown into confusion by the news that former prime minister Kakuei Tanaka, power broker in the ruling Lit eral Democratic Party (LDP), has suffered a stroke. Mr Tanaka, 66, heads the largest and most influential group of politicians in the
      Reuter  -  265 words
    • 587 3 Hayden says discussions to solve dispute are continuing UPI AUSTRALIAN Foreign Minister Bill Hayden said yesterday that the US does not favour an emergency meeting of the Anzus nations to discuss the rift caused by New Zealand's ban on US nuclear warships. "The US wouldn't
      UPI  -  587 words
    • 376 3 NYT THE United States said that it was ready "to re-engage in the peace process" in the Middle East in any way the Arabs and Israelis thought appropriate. This was the Reagan Administration's most explicit statement to date on its willingness to play
      NYT  -  376 words
    • 814 3 ARRIVALS Operator Service Local From number time SIA SQl 1 0110 LAX/TYO PAA PA5 0155 JFK/SFO/HKG CAL CI333 0250 TPE RA RA408 0730 BKK/KTM MAS MH681 0820 KUL KAL KE624 0850 KUL CV CV796 0845 LUX/AUH MAS MH603 0905 KUL SV SV378 0920 JED/RUH MAS MH671 0935
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    • 413 3 MUIHO Trial AP THE TRIAL of Philippine military chief General Fabian Ver aid 23 others linked to th< > murder of opposition le< der Benigno Aquino could end sooner than expected Lawyers in Manila said yesterday th. it when the trial opened last month,
      AP  -  413 words
    • 469 3 AP PRIME MINISTER Rajiv Gandhi faces the first test of popularity since his landslide vie ory when 280 million eligible voters choose new state governments in forthcoming elections in thr «-quarters of India. The electicns, today and next
      AP  -  469 words
    • 150 3 Reuter THE US Commodity Futures Trading Commission (CFTC) yesterday charged the millionaire Hunt brothers, several individuals and companies with illegally manipulating silver prices during 1979 and 1980. It said Nelson Bunker Hunt, his brother William Herbert and the others acquired millions of ounces of silver
      Reuter  -  150 words
    • WORLD IN BRIEF
      • 47 3 US SECRETARY of State George Shultz said he is "prepared to meet" Nicaraguan President Daniel Ortega while both are in Uruguay for the inauguration a£ Presidentelect Julio Sanguinetti. But Mr Shultz said Nicaragua had not formally approached the US to propose meeting Mr Ortega in Montevideo.
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      • 47 3 CHINESE authorities have convicted and jailed three entertainers accused of spying for Taiwan, recruiting anticommunist agents, and inciting defections by air force pilots. The State Security Ministry said the three, including a military man, used invisible ink, radios, and cameras to amass secrets for Taiwan.
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      • 63 3 CHINESE President Li Xiannen will lead a 51member delegation for a four-day visit to Thailand beginning on March 11. Thai Foreign Ministry spokesman Sawanit Kong- siri says Mr Li is scheduled to meet Thai Prime Minister Prem Tinsulanonda, the Chinese community and meet the major northern city of
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      • 74 3 A WEST GERMAN doctor has been accused of treating the human body as a walking meccano kit after offering US$3O,OOO to Third World citizens willing to donate kidneys for transplant before their death. The idea is the brainchild of 35-year-old doctor Heijo Harms, who qualified only eight months
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      • 58 3 IRISH Republican guerillas killed eight police officers and a civilian when they pounded a police station in the border town of Newry with mortar bombs on Thursday night, devastating a packed canteen, police said. In a second attack, a part-time soldier was killed and two others injured in
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      • 48 3 CUSHIONED by US$4OO million in cash reserves, Pan American World Airways can withstand a long strike, according to several airline industry analysts. But such a stoppage would probably cost the airline advance bookings for summer and sharply reduce its chance of making a profit this year.
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      • 60 3 Agencies THE SON of the late Shah of Iran last week met Iranian dissidents in an attempt to gain support for the overthrow of Ayatollah Ruhollah Khomeini's government, the Cleveland Plain Dealer reported on Thursday. Reza Pahlavi, 24, the self-proclaimed successor to the Peacock Throne, met about 100 IranianAmericans
        Agencies  -  60 words
    • ECO-NOTES
      • 75 4 THAILAND'S consumer price index registered 190.0 in January, up 0.3 per cent from the previous month and down 0.5 per cent from a year earlier. The Department of Business Economics said yesterday that the rise from December was due to higher clothing and housing prices. The consumer
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      • 73 4 Agencies A SUSPENSION agreement between Malaysia and the US on the proposed countervailing duty on textile and textile products was due to be signed by yesterday the deadline by Malaysia's ambassador to the US, Datuk Lew Sip Hon. Confirming this yesterday, Haji Ahmad Saadi, Deputy Secretary General of
        Agencies  -  73 words
      • 61 4 THE US specialty steel induj itry has asked the governmer t for quotas to stem a recorJ surge in foreign stainless steel imports. The industry said the higher tariffs imposed by President Reagan in 1983 had failed to stem the inflow. The request for quotas came in
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      • 62 4 AMERICA will hold limite i trade talks if the 90 members of the General Agreement oi Tariffs and Trade cannct agree to a new round cf multilateral negotiations. A senior US official said a t the conclusion of a two-da meeting of the so-called coi sultative Group of
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      • 42 4 THE INDONESIAN Parliament has endorsed the government's 3,000-billion-rupiah draft budget for the 1985/85 fiscal year starting on April 1, a parliamentary spokesma l said. The draft budget, outline! by President Suharto last month, was approved by th? House without amendment.
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      • 93 4 WEST G 2RMAN import prices rose 1.2 per cent in January fr am December to stand 4.5 pc r cent higher than in January 1984, the Federal Statistics 01 fice said. In Dece liber, the index, base 1980, rose 0.6 per cent from Novenber to stand 4.8 per
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      • 49 4 CONSUMER PRICES in Japan in January rose 0.5 per cent from the previous month and 2.9 per cent when compared with a year earlier. The Management and Coordination Agency said the nationwide consumer price index for January was 113.8 against the base figure of 100 for 1980.
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    • 200 4 THE US considers Indonesia as a good place for investment and will continue to support the country's economic and security programmes. American Ambassador to Jakarta, John Holdridge, said yesterday that the Reagan Administration would maintain the level of its annual economic aid to
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    • 376 4 UPI NON-OPEC Egypt has announced that it will keep its oil prices unchanged this month while the United Arab Emirates' Oil Minister has said the 13-nation cartel is prepared to curb production even further to strengthen pricing. But a Citicorp oil
      UPI  -  376 words
    • 232 4 Reuter WEST GERMANY appealed to the US, the EEC and Japan on Thursday to take the lead in liberalising world trade further this year. The appeal came on the eve of a meeting of key ministers and monetary officials on ways to keep trade flowing
      Reuter  -  232 words
    • 483 4 UPI PAKISTAN's military ruler Mohammad Zia-ul-Haq has dissolved a 304-member civilian advisory council after the country's partyless general elections. President Zia had named the Federal Council, or Majlis-I-Shoora, in December 1981 to work as an interim Parliament but gave it only advisory powers. The
      UPI  -  483 words
  • Page 3 Advertisements

  • RAW MATERIALS
    • 151 4 Chinese Produce Exchange (Setters' noon dosing prices on Mor 1 SS/100 kg) Coconut oil Bulk FOB 155 00 Old drum FOB 168 00 New drum FOB 172.00 Robusta 20/25% FOB NSW 4 Nutmeg 110 FOB NSW E W FOB NSW Gombier FOB NSW 77.50 138 00 81 00
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    • 281 4 Singapore A-l special C-l special 177 unq unq (S$/ktlo, ex-god own) C-l Ordinory Thai white Loonzam 100% 100% 1st class first grade i£9 (kongaroo) new crop 096 100% second grade 100% third grade 225 unq 100% 2nd class 070 Parboiled 100% 3rd class 0.65 5% 227 25% new crop
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    • 87 4 A CONTINUING lack of demand saw the Kuala Lompnr Tin Market price stay at the ITA floor level of MS2S.IS per hgTurnover, which increased sharply to 98€ tonnes from 82 on Thursday because of beginning of month disposals, were absorbed by the buffer stock manager. Sterling's weakness against
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    • 160 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 2,650 Blue Phoenix 20's 2,800 Blue Phoenix 32's 3,350 Blue Phoenix 40's 3,700 Carded yarn, hank Blue Phoenix 21's 2,800 Combed yarn, cones 4,450 Blue Phoenix 32's Blue Phoentx 40's 4,600 Open-end yarn 2,550
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    • 205 4 SINGAPORE The market cl< sed higher yesterday with March One RSS buyers quoted at 163.25 cents per kg, up 0.75 cents from Thuisday. The morni lg session gained 0.75 ceit on light buying suppor in quiet trading. Price! remained little changet in quiet afternoon trading on lack of fresh
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    • 359 4 RAS prio »S (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers Sellers tnt 1 RSS Promt it ***** 161 50N 160 50 161 50N Int 1 RSS Mar 5 163 25 163.75 163 25 163 75 Int 1 RSS Apr 8 J 169 25
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    • 125 4 MALAYSIAN crude palm oil prices closed slightly firmer yesterday on late covering after early sentiment was dampened by lower Chicago soybean futures. March deliveries in the south region rose Mss to $1,240 per tonne and central were unchanged at $1,235 while April in the south firmed $7.50 to
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    • 99 4 WHEAT futures managed gains of V« to two cents a bushel in thin trade on the Chicago Board of Trade on Thursday. Near march settled at $3.46 1 after trading in a three-cent range. The strength of the dollar weighed on the market early, but values firmed slightly in
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    • 178 4 SOYBEAN futures closed easier in lacklustre trading on the Chicago Board of Trade on Thursday, weighed down by the strength of the US dollar. Prices ended 2'/« to 4Vicente per bushel lower, with near March off 3'/i cents at $5.60 3 /4. A firm cash basis and slow country
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    • 113 4 (cents/kg, 1-fon pollen) March 85 April 85 (current mth) (forward mth) RAS NOON NOON Buyers Setters Buyers Sellers SSR 20 167 00 169 00N 169 00 171 OON SSR 50 165 00 167 OON 167 00 •169 OON MRELB Buyers Sellers Buyers Sellers SMR CV 209 50
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    • 746 4 COFFEE Thursday's midday losses in Robusta futures were erased in the afternoon as sterling retreated against the dollar. Contracts ended at the highs and with gains of £31 to £14 apart from distant January which was down seven. May finished at £2,437, up £26 and £1 below the
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  • Page 4 Miscellaneous
    • 63 4 Doonesbury xwooMS TURBCOMMmtB axx? oursemxlm? \aN6*es6* hbrur I T i ir7/r#-v I#jgyrii ft*?. Wm^WtFl 2/lJ All, i a*. 1 Aw. 'JA Wi BY GARRY TRUDEAU J SHUPPER TO THINK. umoo MOMS BEENTHROU6H WU THINK SOME PRETTY W6H SHELL SM? TIMES, BUT SHE CAN LAY IT ON A LITTLE THICK. I
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  • BANKING AND FINANCE
    • 355 5  -  By AMY BALAN BANQUE National de Paris (BNP), one of France's biggest banks, is to embark on an ambitious automation plan that will equip its 2,000 odd branches with 12,000 microcomputers over the next five years. Mr Claude Cargou, the head of the technical
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    • 121 5 Reuter BANK OF ENGLAND has decided to take action against the practice of bond washing which it estimates is now costing the government about £300 million a year in lost taxes. Under the practice, income arising from fixed interest securities is converted into
      Reuter  -  121 words
    • 508 5 THE BOARD of the London International Financial Future Exchange (Liffe) has agreed on specifications for its first two options contracts: Option on Eurodollar futures and option on physical dollar sterling. The move follows the board's announcement last December 12 of a series of new
      508 words
    • 481 5 Reuter SOME Japanese companies are postponing plans to borrow US dollars in the Euromarket because of difficulties in arranging the underlying swap for yen that accompanies many of these deals. Syndicate managers say the problem has also affected nonJapanese borrowers who had
      Reuter  -  481 words
    • 232 5 FT CITICORP, a US banking group, has rationalised its banking and securities operations in Hongkong, putting them all under the umbrella of a single entity known as Hongkong Investment Bank. The move is intended to sharpen the group's competitive edge in a
      FT  -  232 words
    • 119 5 Reuter JAPANESE net buying of foreign bonds, excluding Treasury bills, fell to US$2.l2 billion in January from a record $4.69 billion in December. The finance ministry said January buying declined to $8.69 billion from a record $9.83 billion in December. Selling hit a record $6.57 billion
      Reuter  -  119 words
    • 571 5 NYT A VICE-PRESIDENT of Bank of Boston was told by federal bank regulators as early as 1982 that the bank was not complying with international currency reporting regulations, and he promised to correct the situation. This
      NYT  -  571 words
    • 222 5 FT CHILE has devalued its currency by 9 per cent and cut its import tariffs from 35 to 30 per cent. These measures came as Chile reached a tentative agreement on a three-year extended fund facility with the International Moneary Fund. An IMF team
      FT  -  222 words
  • MONEY AND EXCHANGES
    • 626 5 SINGAPORE The US dollar closed sharply lower against major European currencies in thin and nervous late trading yesterday. It was slightly firmer initially following its recovery in New York and was traded within a narrow range during quiet morning trading before taking a plunge in the afternoon following
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    • 89 5 RESULTS of tender held yesterday for 91-day T -easury bills to be issued from Mar 5 to Mar 8. Offered: $90,000,000. Applied for: $90,000,000. Allotted: $90,000,000. Accepted bids: $99.27 all bids in full. Average rate of discount on allotment: 2.930 per < ent per annum. Results of tender
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    • 128 5 THE OVERNIGHT late on the Singapore int?rbank money market fell 1»y IV» point from Thursday to close at 5 per cent yesterday. The one-month ra e rose by 1/16, the two month rose by 1 and three month rose by 1/16-point. S$ interbank rates at 3pm yesterday Offer
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    • 242 5 Interbank rates at 3pm yesterday. Currewct— Nominal rrtH Smlthsomen quottd yffttcdfjf croii parity chan^t Local dollorj to one unit of forei jn currency US dolor 2 2690 2 2710 2.8196 ->9 53 Sterling pound 2 4346 2 4424 7.3469 -66 86 Austrofcon doBc r ***** 1 6124 3.4286
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    • 384 5 BA Futures Inc EURODOLLAR futures yesterday opened at about IMM's closing level and traded lower in view of bearish fundanr entals. Prices rebounded slightly towards the close because of short- covering for the week-end. The June contract closcd 2 ticks lower at 89.46. Near-term support is at 89.40 while
      BA Futures Inc  -  384 words
    • 163 5 HONGKONG The metal closed little changed in ve y quiet trading yesterday. The meta 1 closed at U*****.85/288.: 5 an ounce, compared witl New York's $287.20/70 close and the $290.50/291.00 I inish here on Thursday. On the loca market gold slipped HKs£ to close at $2,684 a tahil Krugerrand
      163 words
    • Article, Illustration
      256 5 Asian market DOLLAR deposit rates yesterday closed little changed from opening levels in quiet afternoon trading. Short-dates were steady to around "4 -point higher at the start supported by a firmer US Fed funds rate. MMCATES the average of the prime lewSnf rates of 12 major banks operatinf in Singapore
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  • TIME-OFF
    • 472 6 TELEVISION viewers who watched the American Music Awards presentation last Saturday would have seen one memorable perform, nee by Pepsi Cola. Its advertisement was a sight to behold. A spaceship hovered over two soft drink vending machines. Rays of light appe; ired and a can
      472 words
    • 743 6  -  By VERNON SCOTT UPI ENGLAND'S David Attenborough, brother of Oscar-winning producer-actor Richard Attenborough, is a man for all sciences. David is the brother who has produced some 100 hours of natural films in England, two of which have become hit TV series, Life
      UPI  -  743 words
    • 399 6 ONE CRITIC was so taken op with this comedy of errors that he advised: "It's a zingy production, so when yon see it, take three hankies, one to dry your eyes, one to stuff into your mouth and one to dry your tie!"
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    • 151 6  -  By K S R AMATEUR theatre in Singapore has taken a major step forward. Alan Aykbourn's Absurd Person Singular is by no means the easiest of comedies to get right but the Stage Club's presentation was near flawless on Thursday night. I
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    • 317 6 STRAWS in the Wind THE OPERATOR of a certain public house would hear his name called, often hollered, whenever his customers proposed a toast. The person, who recently applied Jor a second-class public house licence, that is, a licence to sell liquor, could not
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  • Page 6 Miscellaneous
    • 1056 6 w IMb mm HIGHLIGHTS Centrestogc The Tominj Of The Shrew 8.30 pm, Channel 12 Double Emmy Award-winning producer/ director, Norman Campbell, brings William Shakespeare's rollicking classic battle of the sexes from its highly successful run at Canada's prestigious Stratford Festival to the small screen. This production, taped "live", retains all
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    • 629 6 CONCERTS MUSIC FOR EVERYONE. Piano recital by Ruth Slenczynska, artist in residence at the Southern Illinois University in Edwardsville. She gave her first piano recital at the age of four and has since played in more than 3,000 concerts and recitals around the world. March 7, DBS Auditorium, 8 pm.
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  • SPORTS
    • 746 7  -  By WALTON MORAIS WHAT HAS been built up to be the most exciting and intriguing round yet of the Premier League competition tomorrow at Seletar could end in a whimper. With speculation rife as to the inclusion of one or two members
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    • 181 7 AP FRED COUPLES of the United States, playing in near ideal conditions, birdied six holes in a row on the way to a course record, 9-under-par 63 and a two-shot lead on Thursday in the first round of the US$5OO,OOO Honda Golf Classic
      AP  -  181 words
    • 474 7 FOR A ERAND NEW tournament, the Pepsi Challenge of the Chair pions bowling championship isn't doing too badly. The inaugural tournament has been acorded a singular honour by ihe Singapore Broadcasting Cc rporation. The national TV station has agreed to televise
      474 words
    • 512 7 AFP SWEDEN began the defence of the Davis Cup Trophy it won so excitingly in December by making the long journey to Santiago to meet Chile the nation promoted from the American Zone after last year's competition on March 8. The last time the two
      AFP  -  512 words
    • 107 7 UPI THE OLYMPIC door has been widened to let in professionals in three sports, if they are under 23 years old. The executive board of the International Olympic Committee on Thursday announced it had approved eligibility recommendations from the International Ice Hockey, Tennis and
      UPI  -  107 words
    • 254 7 UPI AT S3, BUI Shoemaker Is in the stretch of his racing career. He says he's still a fair distance from the finish line. The diminutive Jockey has more turf to conquer. Any day now, he will become his profession's first USSIH-million
      UPI  -  254 words
    • 805 7 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Auby Hasso Maru Straits Star Trans Hav Vietxo 06 Equator III Fuchunjlang Kim Soon Li Lampung Myoma Ywa P of Scand Yujin Zhongshan PASIR PANJANG A1 Sana B'hai Career Ever Venture Hoe Lien Palatlno Rusli Sang Thai
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  • Page 7 Miscellaneous
    • 447 7 m D CRYPTIC PUZZLE ACROSS 9 Spy a mere inaccuracy in the contract (9) 10 The usual procedure in training (8) 12 Press one to take the man on (4) 13 Figure Nuala rewrote the book (6) 14 A dull film (7) 15 The job of an estimator? (5-4) 17
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  • INTERNATIONAL STOCKS
    • 359 8 FT ICI has become the first non-oil company in the UK to report profits in excess of £1 billion. The chemicals giant reported pre-tax profits for 1964 of £1.034 billion, an increase of twothirds on the year before. Mr John Harvey-Jones,
      FT  -  359 words
    • 155 8 Reuter AMERICAN federal securities regulators have taken the first step towards making it easier for US, British and Canadian companies to sell their securities in each other's financial markets. The Securities and Exchange Commission (SEC) approved a study of ways to ease
      Reuter  -  155 words
    • 279 8 Reuter WALL STREET share prices closed higher on Thursday, with most of the gains coming in a final-hour rally. The Dow Jones Industrial Average rose by 2.98 points to 1,284.01 and the New York Stock Exchange Index improved by 0.27 to 104.93. Overall, gainers
      Reuter  -  279 words
    • 132 8 FEB 28 c$ Hud*Soy Mry J6*B 7* 46* 1 Abitto 49* 4-1* Inco 18* 4-* unch Ale on 38* 2m unch Int Lhs 24* Bonk Mont 26* 13* 37* unch Inft NKkel 17B Bel Td Lo64ow B 18* 4* BP Con Ltd 27 Mc BkxM 26* 33* unch 16
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    • 200 8 FEB 2S (and INDUSTRIALS A Aloha 700 25 Un St««< UHK •Wootworth 106 465 1300 -2 10 -25 125 MININGS A£ And O 690 300B Anglos 2285 35 2175 Anglvoal 6750 -150 975 5 3hryoors 1600 unch ***** unch -5 Butt«K 6800 200 225 Chart «r Com Murch 9506
      200 words
    • 637 8 FEI 2S US$ ACF Industries Akari AIutot 27 unch Alcoa 37 Lud 27** AJhed Chem Cp 38* AM Store* 54* AfcsCSoimen 7* Am Broods k* 68* Am Broodcost 66 S Am Can Co 51* Am Cyonorrwd 52* Ann Elec Pwr 20* Am Express 42* Am Home Prod 58*
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    • 949 8 Amsterdam FEB 28 Fit ABN 394 50 1 5 A»9On ***** +08 AhoAd 212 SO 1 5 Akzo 106 50 -07 AMEV 204 50 -2 5 Amfo* Amrobnk 72 40 +05 Bcrfc 57 50 0 5 BoH 100 70 -2 4 Borwmi 34) 00 unch Baska Burt«t ;.;z
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  • Page 8 Advertisements
    • 448 8 V-y. 5 J f-'-" 1 r- s i'- >V V •Jw'tfr. at SPIN -mfi R? 'M i SISPtPS v'^ vO« i&rt SI Vi i#. l* I 1 Hi i»:t At The Terrace on Sat from 3pm to 6pm Tre yourself to a scrumptious tea and fashion sh by leading boutiques
      448 words
    • 142 8 London stocks, Pago 11 A V 15" LOHHgE 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 M Soul from Philippines. They'll captivate you! Happy ffourw Spa 7pa. 25% off on all driaks.
      142 words

  • ASIAN STOCKS
    • 442 9 HONGKONG: Share prices closed mostly higher yesterday in fairly active trading as rumours of takeover battles again swept the market. There was speculation that Singapore financier Khoo Teck Puat was to raise his offer for Wheelock Marden to top that of HK Wharf, whose bid stood at $7.40 per
      442 words
    • 257 9 MA* 0) Al Sincere bxJus Amo Cement KT 420 23 40 -0 06 -0 1 +02 -I -0 1 0 1 5 9 -0 1 -03 inch unch 02 0 05 unch -04 -0 1 -05 Lien Hwa krxfcjs Nan Yo Plas Pocific Cons Pacific Elect Wire II 70
      257 words
    • 369 9 TOKYO: The market average closed at a record high 12,412.14 yesterday after rising 90.22 from the prevkus closing record high of 12,321.9] on Thursday. The market continued the advance of 1 hursday when the average put < n 34.54, led higher by biotechnol Dgy-related issues and nonferroui metals. The
      369 words
    • 115 9 MANILA: Prices closed mixed in quiet trading yesterday. The Mining Marker firmed 1.42 to 709.38 and Oils fell 0.009 to 0.583 while the Commercial and Industrial index remained unchanged at 114.71. MAD 01 Poos Oriental B 001 unch Ph4 Oversea* 0008 unch Acop Mmmg 0 0014 unch PNe. B
      115 words
    • 339 9 kets drift» »d lower yesterday in quiet conditions with some profittaking ahead of the weekend. Near the end, the All Ordinaries Index was down 1.7 points at 790.6 points. The All Industrials marker was down 0.1 at 1,168.5 and the All Resources indicator x ras 2.9 weaker at 499.7.
      339 words
    • 143 9 BANGKOK: Stock prices closed lower in dull trading yesterday. The Book Club index fell 0.08 point to 125.51 and turnover fell to 46 million baht from 80.1 million on Thursday. MA* 01 A ok Sam Thai Asia Fibre Ayuthoya Inv And Trust •efcts 136 204 2 S«am City Cement
      143 words
    • 91 9 AP KOMATSU of Japan, the world's second-largest manufacturer of earthmoving equipment, will' begin construction in July on its first American plant. Officials said the Tokyobased heavy equipment manufacturer will employ 50 workers during the construction phase at the forraer Koehring
      AP  -  91 words
    • 356 9 Reuter CORPORATE shareholders in the OK Tedi copper project have verbally agreed to a government proposal on future development. Papua New Guinea Minerals and Energy Minister Francis Pusal said a document outlining the agreement had been presented to OK Tedi Mining Ltd
      Reuter  -  356 words
    • 139 9 AP GENERAL MOTORS CORP, the largest carmaker in the US, will license a Chinese company to build a line of transmissions for heavy machinery. GM said the 10-year agreement, between GM's Detroit Diesel Allison Division and Qijian Gear Works in Sichuan Province,
      AP  -  139 words
    • 264 9 AP TWO ELECTRONIC giants, Matsushita Electric Industrial of Japan and Lucky Gold Star of South Korea, have reached an agreement on mutual technology transfer. The Nihon Keizai Shimbun, a Japanese financial daily, reported that Matsushita, the world's largest consumer electronics maker, had agreed
      AP  -  264 words
  • Page 9 Advertisements
    • 594 9 ©521 15 air 'i\i vKi. «.*i' ;>*'V- I hi*,* Up the staircase at the Century Park Sheraton. v* v Follow the sweep of the curving staircase of the Century Park Sheraton and you'll find yourself at the Black Velvet Gold. It's a discotheque with hot sounds and cool drinks, an
      594 words
    • 109 9 M At COFFEE GARDEN... M M 24-HO HONG KONG MAN XIN, NOODLES AND CONGEE. SPECIAL ROASTS* AVAILABLE TOO! Also available round-the-clock are delectable local and continental cuisines. vc 2a 'Available from llam 3pm 6pm llpm M m m M t« Mianin mo i n 11 1 19 CairnhiH an* i
      109 words

  • SHARE INFORMATION
    • 4413 10 THE SIX-SESSION stock market rally faltered somewhat yesterday as profit-takers, who decided to cash in on the gains that most stocks have made so far, swarmed the market, leaving share prices off the day's best levels, but generally higher. Thanks mainly to a hefty 20-cent
      4,413 words
    • 269 10 SINGAPORE Rises Indices 0 U E 340 Pon-EI 50« 310 Duto Com 194 G 1 Hldgs V3< 246 Innovest Bttd 145 Tronsmorco 116 Jurong Em 50< 223 LAM 50< 286 S«g In* A Fm 234 Metro HIdas 466 TOM 362 Sao Vww 280 Falls Kentucky Spore 730
      269 words
    • 343 10 THE KUALA LUMPUR stock market closed on a mixed note yesterday as share prices succumbed to profit-taking once again. Trading was more active, with interest focussed on several situational issues in the industrial sector. Turnover rose to 14.72 million units valued at M 532.85
      343 words
    • 4917 10 SECTION ONE INDUSTRIAL COMMERCIAL Acmo (I 498 I 50S) (14) 1 48 (5) 1 49(41) 1 47(23) I 45(16) I 46 (10) 1 44 (2) 1 45 (14) 1 46 (32) I 48 (22) 1.47 (23) I 50 (15) 1 51 (13) 1.52 (8) 1
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  • COMPANY NEWS
    • 181 11 1 |B D T IB ■Sn'aSnit I II w.|l la BK I IS iirunri'iji il Imm g^Blf' *;.|y HOCK LOCK SIEW TODAY'S feature, MUM, is not a clear-cut case of "buy" or "sell", although it is beginning to look a bit "top heavy". After breaking through the
      HOCK LOCK SIEW  -  181 words
    • LATEST
      • 72 11 Group pre-tax profits for the half-year ended Dec 31, 1984 fell 25.6 per cent to J3.4 million (from 54.58 million) although operating income increased 11 per cent to $16.2 million (from $14.61 million). Directors said that in line with current industry practice, the company, as
        72 words
      • 70 11 Group pre- tax profits for the year ended Dec 31, 1984 were four per cent lower at M 516.03 million (from $16.68 million) on a five per cent rise in turnover to $158.62 million ($151.3 million). Directors have recommended a final gross dividend of 15 cents
        70 words
    • 237 11 NEW STRAITS TIMES's book subsidiary Eerita Publishing is set to expan< I its book wholesale and retail business with the acquisition )f 70 per cent of Marican Jon (Malaysia) Sdn Bhd. The 14,010 shares of M$10 each in Marican will be acquired for $661,500
      237 words
    • 227 11 Managers' prices for Mar 2 4 Second B'putra Third B'putra Fourth B'putra 503 4 06 4 53 5.08 4 11 4 58 Singapore Unit Trust Fifth B'putra Sixth B'putra 308 297 3 13 302 The Commerce 2.29 2.43 Seventh B'putra (A) 1 87 1 92 The Sovings Fund
      227 words
    • 78 11 CYCLE A CARRIAGE LTD has deferred its proposed sale of subsidiary Cycle Carriage (M) Sdn Bhd to listed associate CAC Bintang. The agreement, announced in January last year, will be terminated as the Malaysian Capital Issues Committee has suggested that the proposal be postponed. Since
      78 words
    • 927 11 SHARE PRICES in London were easier in quiet trading yesterday, with the FTSE 100 share index at 0945 GMT down 2.3 points at 1257.4. ICI shed 17p to 830 after heavy selling on Thursday in the US on its 1984 annual results. But it soon recovered to 854p
      927 words
    • 288 11  -  By RAMESH CHANDIRAMANI THE SPIRITS have gone out of the high-flying shares of Kentucky Fried Chicken (S) Ltd, which came down to earth yesterday when it fell $1.60 to $7.30. Total volume transacted yesterday amounted to just 169,000 units, compared with a daily average
      288 words
    • 63 11 SIGMA METAL Ltd announced that Mr Yap Yong Seong has resigned as managing director and director of the company from Feb 13. Mr Yap Eng Seng also resigned as a director from the same date. Four new directors have been appointed to the Sigma board. They are Mr
      63 words
    • 101 11 HONGKONG Australian Industrials Hang Seng Index Friday ***** Thursday ***** Friday 1401.15 Week ago 1162.6 Thursday 1375.25 Week ago Closed NEW YORK Dow Jones TOKYO Thursday 1284 01 Wednesday 1281.03 Tokyo Dow Jones Week ago 1279.04 Friday ***** 14* Thursday *****.92 Standard and Poors Week ago ***** 06
      101 words
    • 740 11  -  By TERESA LIM Hongkong Correspondent MARKET WISDOM in Hongkong has it that millionaire hotelier Tan Sri Khoo Teck Puat has given up his pursuit of Wheelock Marden with a profit of at least HK$lOO million. Wheelock "A" shares closed at HK$7.l5
      740 words
    • 2908 11 INDUSTRIALS Ajinmoto (3 765) A Choc (3 225) (1)3 26 (2)3 24 Akom (I 528 I 555) (23) I 50 (8) 1 49(8) 1 51 (4) 1 44(15) 1 52 a.SB I) 3 86 API <1 1 IB) (2) 112 (19) 1 10 (20) 1
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  • YESTERDAY IN PARLIAMENT
    • 608 12 Guard against influx qf Western thoughts and values PRIME MINISTER Lee Kuan Yew argued strongly for Eastem values over Western liberties when he responded to Mr J B Jeyaratnam's calls for parliamentary reform yesterday. "I know what I believe is a superior system,"
      608 words
    • 515 12 A NOTICEABLE difference of opinion about the emphasis of government policy surfaced in Parliament j esterday. The tone of the debate was set by the Member for Ayer Rajah, Dr Tz n Cheng Bock. While supporting the broad thrust of ne'v government policies, he cri:icised several
      515 words
  • Some issues discussed ...
    • 33 12 for the poor, interest-free loans for buying HDB flats and improving opportunities for furthering education were among the suggestions put forward by MPS yesterday to help the lower income group.
      33 words
    • 130 12 A CASE for reducing CPF contributions was made by Mr Yeo Toon Chia (Ang Mo Kio), who suggested that workers earning less than $400 per month be exempted from making CPF contributions. Currently, only those earning less than $200 are exempted. He added that those earning under
      130 words
    • 92 12 INCREASING COSTS are pric- ing local bisinesses out of the world mark ?ts and there could be more business failures if the government does not address itself to the matter, warned Mr Bernard Ch< n (Clementi). Mr Chei i said government incentives a ?e not effective
      92 words
    • 163 12 EDUCATION BEGINS with "babyhood", not childhood, and women should seriously consider stopping work for a few years to look after v their children. The government should also encourage them, said Dr Dixie Tan (IJlu Pandan). Emphasising the importance of a child s early formative years, from
      163 words
    • 59 12 BAD MANAGERS should be taken to task if they do not act responsibly towards workers, Mr Othman Haron Eusoff (Geylang Serai) said. Just as trade unions have strived for harmonious relationship with employers, management federations and associations must do likewise, he said, urging the Labour Ministry to "come
      59 words
    • 38 12 SURPRISE VISITS to constituencies might give ministers better feedback, suggested Mr Yeo Choo Kok (Delta). He said that such visits, rather than those that are announced, would enable ministers to see what the actual situation is.
      38 words
    • 88 12 AS MALAYS form a significant proportion of lower income earners, their problems were highlighted by Mr Wan Hussin Zoohri (Kampong Übi). Although there are programmes to help the Malays, their rate of progress is "pathetically slow," he noted. But two schemes which are working well the
      88 words
  • 403 12 questions to be raised THE FOLLOWING questions will be raised by Mr J B Jeyaretnam (Anson), Major Fong Sip Chee (Kg Chai Chee) and Mr Ng Kah Ting (Punggol) in Wednesday's Parliament sitting. 1) What is the extent of the government's involvement in the private sectou? 2) What are the
    403 words
  • 383 12 MALAYSIA wants to accelerate the pace of industrialisation in support of its aim to become a developed nation by the end of this century. Malaysian Finance Minister, Mr Daim Zainuddin, told the London-based magazine, Euromoney, that "we hope to have more export-oriented
    383 words
  • 246 12 A NEW SERIES of coins smaller and lighter will be introduced later this year to replace the coins in circulation. The Singapore Board of Commissioners of Currency said yesterday that the new series would be issued from the second half of
    246 words
  • 93 12 AP ALL PAN AMERICAN World Airways flights in and out of Singapore have been cancelled because of a strike by PanAm workers in the US. However, no PanAm passengers have been stranded here because they had been booked on other airlines. PanAm's flights to Los
    AP  -  93 words
  • 202 12 AP THE US dollar opened with a mixed performance yesterday in hectic trading on European exchanges, where the effects of the dollar's plunge three days ago were still being felt. Gold was up in Zurich but down elsewhere. In Frankfurt, the dollar fell more
    AP  -  202 words
  • 70 12 WALL STREET stock prices opened slightly lower yesterday and then turned higher in the first few minutes of trading. The Dow Jones Industrial Average was up about five points to over 1289. In the broader market, gaining issues led loser by a ratio of five to three.
    70 words
  • LATE FILE
    • 60 12 Reuter THE American index of leading indicators rose a seasonally adjusted 1.7 per cent in January, the sharpest rise since June 1983. The Commerce Department revised the December figures to show a steeper decline than originally estimated. It now says the index fell 0.5
      Reuter  -  60 words
    • 67 12 Reuter AN INTERNATIONAL Monetary Fund team is due in Manila at the weekend for a quarterly review which precedes each instalment of a standby credit granted last December. The team is expected to take a close look at monetary data and to evaluate the performance
      Reuter  -  67 words
    • 68 12 Reuter TAIWAN will cut import tariffs on compact cars from the present 65 per cent to 30 per cent in 1991, according to a government plan. The plan, approved at a weekly Cabinet meeting on Thursday, will go into effect next year. Economic Minister
      Reuter  -  68 words
    • 73 12 Reuter POLICE have arrested an owner of a Taiwanese industrial conglomerate for alleged financial fraud which was expected to affect dozens of companies and businessmen. Court officials in Taipeh said Tsai Chen-chou, chairman of the Cathay group's banking branch, was arrested yesterday. The group, one of the largest
      Reuter  -  73 words
    • 46 12 Reuter AUSTRALIA is to announce a new policy on its intake of foreign students which is likely to include fee increases and cuts in quotas. An Education Ministry spokesman said yesterday the changes would be announced publicly within two weeks. Reuter
      Reuter  -  46 words
  • Page 12 Advertisements
    • 12 12 Reports by RICHARD SEAH, MONICA GWEE, PENG AILIAN and CHUANG PECK MING
      12 words
    • 117 12 lip mm Action Alert /A A Ten-Stocks rock solid 111 stock picks. pB At Bache Securities, we continue to see the U. S. stock market offering excellent investment opportunities in 1985. Our latest "Action Alert" contains ten U.S. stocks we expect to be leaders in the months ahead. All ten
      117 words
  • Page 12 Miscellaneous
    • 60 12 WMttm Outlook for today: Fair; showers in a few areas in the late afternoon and early evening. Report for 25 hours prior to 7 30pm on Mar 1 at the airport: Maximum temperature 31.3 Associated humidity 79 Minimum temperature 23.1 Associated humidity 98 Hours of sunshine 4.00 Rainfall in millimetres
      60 words