The Business Times, 16 March 1985
1985-03-16
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The Business Times
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Title Section12 1985-03-16 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, MARCH IS, 1985 60 CENTS12 words
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Article511 1985-03-16 1 BOEY KIT YIN - Government to take necessary action on wages, levies and rents By BOEY KIT YIN THE GOVERNMENT will help small local industries pull through the current difficult economic situation and is studying Singapore's entire cost structure in detail, said Trade and Industry Minister Dr Richard Hu yesterday.511 words
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495 1985-03-16 1 CHUANG PECK MING - By CHUANG PECK MING FAIRCHILD Singapore yesterday retrenched workers for the second time in three months as it continued to face declining overseas orders. But some affected workers couid soon be offered jobs by two other companies. The Labour Ministry confirmed495 words
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Article242 1985-03-16 1 AMERCIAN TYPEWRITER manufacturer Smith-Corona closed down its smaller plant in Chai Chee yesterday and retrenched nearly 300 workers. A second retrenchment involving 150 workers will be carried out next week at the company's main factory in Bedok South. The Chai Chee plant's closure and the company's staggered242 words
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184 1985-03-16 1 Reuter FALWYN Co Ltd, an investment vehicle of Singapore businessman Khoo Teck Puat, has withdrawn from the takeover battle for Wheelock Marden Co Ltd, its financial adviser, NM Rothschild Sons (Hongkong) Ltd, said. Falwyn will sell its stake of about 25 per cent in WheelockReuter - 184 words
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Article, Illustration91 1985-03-16 1 AFTER a stroag start, share prices (altered somewhat as the day were an, resulting la a mixed clase on the Slagapore stack market yesterday. Many dealers described the ssfter tone is the afternoon as a momentary passe te allow for ceaseildatiea. They continued te believe that the market's91 words
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399 1985-03-16 1 LUCY NG - By LUCY NG AN ATTEMPT by Mohan's Department Store to wind itself up, although it already faced winding-up action by a creditor, was disallowed yesterday by a High Court judge who said he was not concerned with the company's legal399 words
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57 1985-03-16 1 Bernama SINGAPORE will have to provide the capital outlay for the transmission of gas, should the gas pipeline to the Republic project under a counter-trade arrangement materialises. Mr Aziz Kassim, head of the special unit on counter trade, was clarifying a Beraama report whichBernama - 57 words
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Article, Illustration565 1985-03-16 1 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI OVERSEA-CHINESE Banking Corporation, the second of the Big Four local hanking groups to release its full-year results, has posted a smaller-than-ex-pected 6.2 per cent rise in its latest after-tax profits. For the 12 months ended Dec 31, 1964, audited565 words
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Page 1 Advertisements
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Advertisement162 1985-03-16 1 ASIAPRINT '85 4th International Exhibition of Printing. Graphic Arts Equipment Supplies. ASIAPRINT /fl JUNE 20-23 WTC S PORE THE CLUB THAT STANDS IN A CLASS OF ITS OWN v /STa izino ALL STAR POLARIS W Its long accurate drives you're wanting, the Mizuno AM Star Polaris is tor you. For162 words
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Advertisement278 1985-03-16 1 SHARE INFORMATION SHIPS IN PORT MONEY EXCHANGES SMALL and medium-sized building contractors who are worried about the sluggish property market will heave a sigh of relief after seeing the latest official figures from the Development and Building Control Division. Pag* 2 TRADE between Hongkong and Malaysia is currently in favour278 words
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Advertisement159 1985-03-16 1 Full report, Pag* 10 International stocks, Paga 8 Asian stocks, Paga 9 Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of our own. It's not easy to turn that dream into reality. But it may not be as difficult as you think. Not if Wayfoong159 words
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Advertisement20 1985-03-16 1 ASIAPACK '85 4th International Exhibition of Packaging Machinery ■skiy 1 Materials And Food Processing Machinery JUNE 20-23 WTC S PORE20 words
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HOME NEWS
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605 1985-03-16 2 LEE HAN SHIH - A total of 5,748 projects granted building approval By LEE HAN SHIH SMALL and medium-sized building contractors who are worried about the sluggish property market will heave a sigh of relief after seeing the latest official figures from the Development and Building Control EH605 words
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212 1985-03-16 2 A CHINESE trade official yesterday painted a rosy picture of the billion-dollar construction opportunity in Tianjin city to some 230 businessmen. During a lunch meeting at Shangri-La Hotel to woo exhibitors for a Tianjin trade show, Construction China '85, vicechairman of the China Council212 words
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412 1985-03-16 2 LOCAL conference organisers have become the latest group of businessmen to take advantage of the growing interest in China by holding seminars on developing business with the country. And no wonder. China, with its one billion population, does offer potentially lucrative412 words
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224 1985-03-16 2 HOUSING BOARD flat owners will be allowed to change their windows and this has opened up a largely new market for contractors. The Board, which announced the decision yesterday, said it is arranging with the Singapore Institute of Standards and Industrial Research (Sisir) to224 words
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101 1985-03-16 2 QUESTIONS on the Skills Development Fund will be raised in Parliament next week by Dr Wang Kai Yuen, MP for Bukit Timah. Dr Wang wants to know from the Finance Minister how many persons had their training subsidised by the Fund since101 words
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59 1985-03-16 2 THE Public Works Department will dismantle the existing pedestrian overhead bridge at Commonwealth Avenue/Commonwealth Drive which is affected by MRT works. The works will be carried out next Tuesday (March 19) between lam and 5.30 am. During this period, Commonwealth Avenue between59 words
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305 1985-03-16 2 THEY AREN'T selling kilts, haggis and bagpipes. But one of them is in the whisky business. The rest are here to promote a surprisingly wide range of goods, from canteen furniture and jewellery to marine accessories, industrial fans and logging systems. The Scottish305 words
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74 1985-03-16 2 THERE will be a public auction of used road rollers, shovels, land rovers, saloon cars, machinery, motor cycles, used engine oil, scrap metal, airconditioners and electrical equipment on April 1 at the Central Supplies Department compound at Depot Road. The auction by the government will74 words
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245 1985-03-16 2 CHUANG PECK MING - By CHUANG PECK MING UNION leaders were yesterday asked to adopt a more open style so that closer ties could be built with the rank-and-file. Maintaining close links and rapport with members were essential if union leaders wanted to play an effective245 words
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Article146 1985-03-16 2 THE Singapore Port Workers' Union (SPWU) has set up a four-man study team to look into its members' wages and fringe benefits for the forthcoming collective bargaining with management. Disclosing this yesterday, the SPWU's new executive secretary, Mr Ng Pock Too, said he "hope146 words
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Article, Illustration183 1985-03-16 2 THE United Overseas Bank Group is launching its fourth Painting of the Year competition on Monday. The first three competitions drew such enthusiastic and overwhelming response that the bank group was encouraged to continue with the project. This year's competition will be divided183 words
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Article136 1985-03-16 2 TAXI DRIVERS were assured that their take home pay would not be adversely affected, if at all, by the increase in taxi fares from next month and the imposition of a diesel tax from October. The Minister for Communications and Information, Dr Yeo Ning Hong, appearing136 words
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Article, Illustration270 1985-03-16 2 GETTING a paper qualification is only the start to a whole learning process. Unfortunately, the working environment in many companies is not conducive for training, particularly at the managerial level. Hence this has been the area of focus for the National Productivity Board's training programmes. Dr270 words
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344 1985-03-16 2 A SWEDISH COMPANY is selling a power conditioning equipment here designed specially for computers. LM Ericsson International AB, which is manufacturing the Eripower Conditioners, estimates the market to be -worth $11 million. Eripower Conditioners are cubicles that stabilise and maintain the flow344 words
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Page 2 Advertisements
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Advertisement108 1985-03-16 2 w j— A.. Chao Zhou Dian Xin A delectable choice of Chao Zhou dian xin and provincial dishes. Deliciously wholesome. And different. Specially prepared by master chefs from Hong Kong. Dian xin are available for lunch on Saturdays and Sundays. 'SB Golden Phoenix CHAO ZHOU ;ibisSSi GARDEN restaurant aa vfIKSJ®/108 words
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Advertisement15 1985-03-16 2 Write in for more information. Tim« Distributon Sdn Bhd 2 Jurong Port Road Singapore 226115 words
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OVERSEAS
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429 1985-03-16 3 NYT THE AMERICAN Commerce Department, in a potentially significant concession to exporters, has proposed changes that might make it easier for American companies to sell to the Soviet bloc. The action follows heavy criticism from business groups that the elaborate apparatus ofNYT - 429 words
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360 1985-03-16 3 UPI PAUL VOLCKER, chairman of the Federal Reserve Board, said it would be stupid to wait until an economic crisis develops to take action to trim the US trade and budget deficits. "We are, at present, on a course that can'tUPI - 360 words
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232 1985-03-16 3 FT AUSTRALIAN Prime Minister Bob Hawke said that Australia's federal budget deficit for 1985-86 would be reduced in money terms. As a percentage of gross domestic product, the deficit will be cut from 3.3 per cent to about 2.5 per cent.FT - 232 words
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Article398 1985-03-16 3 AQUINO Trial UPI THE MOTHER of Benigno Aquino's alleged assassin testified yesterday she had suffered under military detention for a crime her son did not commit, but declined to seek a specific award for civil damages. Saturnina Galman, 54, said although her family had beenUPI - 398 words
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WORLD IN BRIEF
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Article49 1985-03-16 3 SEVERAL state-run armament factories near Islamabad have been shut down indefinitely after workmen declared a strike in a major labour dispute. Workers at factories in Wah, 32 km north of Islamabad, were locked out on Wednesday to ensure the safety of "this vital defence installation," officials said.49 words
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Article59 1985-03-16 3 MEMBER countries of Asean last year almost halved their trade deficit with West Germany, their biggest trading partner in the EEC. The Bonn government announced on Thursday that trade between West Germany and Asean increased 18 per cent in value in 1984 to U554.26 billion, surpassing the59 words
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Article38 1985-03-16 3 ALL PORK exports from Belgium have been banned by the EEC to contain six outbreaks of African swine fever. If there are no more outbreaks after March 24, the containment measures will be eased.38 words
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Article49 1985-03-16 3 THE NORTHERN hemisphere's harsh winter boosted the cost of food, causing consumer prices in major Western industrial countries to rise faster. The 24-nation Organisation for Economic Cooperation and Development also said inflation among its members rose to 0.5 per cent from 0.2 per cent in December.49 words
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Article61 1985-03-16 3 RESTRICTIONS imposed on Chinese who apply to settle in Taiwan are meant to curb communist infiltration. Ma Kung-Keng, entry and exit department director of the Interior Ministry, told the legislative yuan on Thursday that it was standing policy to require a mainland Chinese to live in another place61 words
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Article74 1985-03-16 3 JAPAN has agreed to limit its exports of steel to the US to 5.8 per cent of the US market for the next five years. Robert Lighthizer, a special trade representative for the US administration who has been negotiating with the Japanese, said on Thursday that an accord74 words
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Article65 1985-03-16 3 THE BRITISH government on Thursday night bowed to parliamentary pressure to give Hongkong's ethnic minorities British overseas citizenship after the colony is handed back to China in 1997. Foreign Office Minister Lady Young made the conces- sion during a committee session in the House of Lords on the65 words
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Article54 1985-03-16 3 A RARE postage stamp bought for a penny at Hamilton, Bermuda, in 1861 was sold in London on Thursday for £36,300 in Sotheby's auction rooms. Only four other stamps of the same series are known to exist. They are blue with a red circle and carry the inscription54 words
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Article38 1985-03-16 3 Agencies PRIME MINISTER Rajiv Gandhi will be sending an envoy around the region to improve India's relations with its neighbours. Rajiv said that Foreign Secretary Romesh Bhandari would start his tour in Afghanistan next week. Agen-Agencies - 38 words
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219 1985-03-16 3 Reuter THE EUROPEAN Commission has called upon European Economic Community countries to back plans for a new round of Gatt multilateral trade talks which it said should take account of both Western and Third World needs. ft spokesman said the Commission believedReuter - 219 words
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138 1985-03-16 3 AP HONGKONG registered a trade surplus of HK$l.OO5 billion in January, compared with a deficit of $868 million in the same month last year. Latest trade statistics published yesterday by the Census and Statistics Department showed exports in January totalled $11,166 billion, up 3AP - 138 words
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Article, Illustration841 1985-03-16 3 Pakistan gets a stern rebuke over Afghanistan Reuter AFP MIKHAIL GORBACHEV, the new Soviet leader, has called for a significant improvement in So-viet-Chinese relations but has delivered a stern rebuke to Pakistan's General Zia-ul-Haq over Afghanistan. Mr Gorbachev wound up on Thursday twoReuter; AFP - 841 words
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Article801 1985-03-16 3 ARRIVALS Operator Senricc Locol time From SIA SQ11 0110 LAX/TYO PAA PAS 0155 JFK/SFO/HKG CAL CI333 0250 TPE RA RA408 0730 BKK/KTM MAS MH68I 0820 KUL KAL KE624 0850 KUL CV CV796 0845 LUX/AUH MAS MH603 0905 KUL sv SV378 0920 JED/RUH MAS MH67I 0935 KUL MAS801 words
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509 1985-03-16 4 TRADE between Hongkong and Malaysia is currently in favour of the British colony but a prominent Hongkong business leader has said his country is willing to buy more from Malaysia. Ngai Shiu Kit, who led a business mission on a five-day visit to509 words
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129 1985-03-16 4 Reuter AN ITALIAN appeals court has reduced the jail terms of 32 urban guerillas convicted of taking part in Red Brigades crimes, including the abduction and murder of former Prime Minister Aldo Moro in 1978. Defence lawyers welcomed the revised sentences asReuter - 129 words
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378 1985-03-16 4 AFP AN "INDIAN CONNECTION" has been added to the growing list of international drug trafficking networks. A US$l6 million heroin seizure from an Indian couple in New York recently confirmed for drug experts in Washington what they had noted for some time India's emergenceAFP - 378 words
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Article, Illustration399 1985-03-16 4 AFP SOUTH KOREAN opposition leaders Kim Dae-jung and Kim Young-Sam are to co-chair the Council for the Promotion of Democracy. The CPD was formed last year by Kim Young-sam in Seoul while Kim Dae-jung was in exile in the US. It largelyAFP; AP photo - 399 words
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Article121 1985-03-16 4 AP THE TAIWANESE government has submitted to Parliament a request for a record budget totalling NTJ412.5 billion for fiscal 1966, which begins on July 1. Government officials said yesterday the proposed budget, expected to be discussed before May, is $53.26 billion or 14.8 per centAP - 121 words
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259 1985-03-16 4 UPI THAILAND has declared martial law in 16 districts bordering areas of Cambodia where Thai officials predict Vietnam will launch new offensives. The affected areas are in the same region of north-east Thailand where Hanoi's forces intruded early this week while attackingUPI - 259 words
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Page 3 Advertisements
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Advertisement32 1985-03-16 3 VM I vv\ l\in \m Is I l\ing I o San Francisco, Honolulu \rui \i v% N tn k I nun I longkong and I okvo Daily. For Updated Information Call *****1132 words
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Page 3 Miscellaneous
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Miscellaneous43 1985-03-16 3 Doonesbury m m 3*i n r* m. V fjdl \frVl i w J. S *7A BY GARRY TRUDEAU am 7H£. MXIXWT 7/ "YOUANPI" J /'JJ #A*K£ 6RAMMADCAI? m M n Ut ft V* K4 1 p >2 A ft s W J i43 words
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RAW MATERIALS
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Article68 1985-03-16 4 Robusta 20/25% FOB NSW 477.50 Nutmeg 110 FOB NSW 396.00 E&W FOB NSW 248 00 Gambier FOB NSW 330.00 London Commodity Exchange Sellers' closing prk :es on Mar 14. (USS/long tonne CIF European ports, unles other* ise stated) Pepper (Sarawak) Faq, spot 3,375 White foq, afloat 3,375 White68 words
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Article124 1985-03-16 4 Singapore (S$/kilo, ei-9odown) Fragrant new crop 1st 086 2nd 0.65 3rd 060 New Crop 25% no stock 10% no stock Thai Broken A-super 0.58 Special 0.55 Thai Rice 55% no stock China Rice 10% 087 15% no stock 25% no stock 35% no stock Thai Boiled Rice s% 0.60124 words
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Article78 1985-03-16 4 THE Kul> Lampar Tin Market price remained at the Internatieaal Tin Agreement fleer-level of M 529.15 per kg yesterday. Turnover reee te 113 tonnes (rem K tonnes en Thursday with the bolter stock manager maintaining support. Dealers did net detect any foreign concentrates. A steady London close helped78 words
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Article160 1985-03-16 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,550 Blue Phoenix 20's 2,750 Blue Phoenix 32's 3,300 Blue Phoenix 40's 3,650 Carded yarn, hank Blue Phoenix 21's 3,000 Combed yarn, cones Blue Phoenix 32's 4,350 Blue Phoenix 40's 4,500 Open-end yarn Blue160 words
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Article199 1985-03-16 4 SINGAPORE The market closed lower yesterday with April One RSS buyers quoted at 163.00 cents per kg, down 1.75 cents from Thursday. The morning session lost two cents on selling of nearbys in moderate trading. Prices recovered towards the close on some buying interest, after fluctuating narrowly initially in199 words
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Article334 1985-03-16 4 RAS prices in S cents/kg, FOB in b ales NOON CLOSE Bvytrs Sellers Buyers Sellers Int 1 RSS Prompt Int 1 RSS Apr 85 163 00 164 00N 162.00 163.OON 164.00 164 50 163 00 163 50 Int 1 RSS May 85 168 00 168 50 167334 words
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Article138 1985-03-16 4 MALAYSIAN crude palm oil market prices closed firm but below the day's highs on late profit-taking and a reserve of buyers in quiet trading. In March, central ended Ms3o higher at $1,335 per tonne, while north and south gained $25 and $17.50 respectively to $1,330. In April, south138 words
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Article141 1985-03-16 4 SOYBEAN futures on the Chicago Board of Trade closed on or near the highs on Thursday, up 5% to three US cents per bushel in moderate trade. May settled at $5.90 after posting a 7'/«-cent range on the day. Rumours that Russia is interested in buying US soybeans for141 words
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Article150 1985-03-16 4 WHEAT futures on the Chicago Board of Trade closed on or near the highs on Thursday, up three to two US cents per bushel. May settled at $3.40 3 after posting a 3 V*-cent range on the day. Steady buying in May by Refco found little overhead selling, pushing150 words
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Article108 1985-03-16 4 (cents/kg, 1-ton pallets) APRIL 85 MAY 85 (current month) (forward month) NOON NOON RAS Buyers Scticrl Buyers Sellers SSR 20 169 00 171 OON 170 00 172 OON SSR 50 166 00 168 OON 168 00 170 OON MRELB Buyers Sellers Buyers Sellers SMR CV 212 00108 words
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Article720 1985-03-16 4 COFFEE Robusta futures weakened on Thursday afternoon in subdued conditions, reflecting easiness in New York, but underlying chart-based support made for a slightly steadier close compared with Wednesday. Contracts finished £3 to £7 a tonne above Wednesday night'. May traded last at £2,431, up £3 and compared with720 words
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BANKING AND FINANCE
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411 1985-03-16 5 NYT THE Federal Reserve has reported that the basic measure of America's money supply fell by US$4OO million in the week ended March 4. The number was in line with the $500 million-to-51 billion drop that credit market analysts had forecast. But bond pricesNYT - 411 words
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Article72 1985-03-16 5 Reuter THE PRESIDENT of Bank of China, Mr Jin Deqin, has resigned. A bank official told the Japanese financial daily Nihon Keizaishimbun that Mr Jin would be given a new and unspecified assignment this month. The official, who did not say why Mr Jin resigned,Reuter - 72 words
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Article46 1985-03-16 5 Reuter THE ASSETS of Bahrain's 76 offshore banks fell by U552.67 billion in January to $60.02 billion. The Bahrain Monetary Agency said Bahrain offshore bank assets peaked last March at $63.47 billion and since then have hovered between $59 billion and $63 billion. ReuterReuter - 46 words
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541 1985-03-16 5 Reuter US INTEREST rates this year would probably rise from present levels but this should not spark a fresh outbreak of deep problems with debtor countries. Citicorp chairman John Reed said he would be surprised to see any US interest rates drop thisReuter - 541 words
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482 1985-03-16 5 FT INDIA'S Punjab National Bank expects to recoup most, if not all, of the US$l23 million debts owed to it by Mr Rajendra Sethia, the Indian businessman now under arrest in New Delhi. His Esal Commodities Company collapsed in the UK last year withFT - 482 words
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Article123 1985-03-16 5 Reuter TWO joint shareholders of the West German private bank, Ef-fectenbank-Warburg AG, are holding talks with Credit Suisse on the bank acquiring a stake. An Effectenbank spokesman said no final decision has been taken by the shareholders, the holding company, Deutsche Ef-fecten-und Wechsel-Beteili-gungsgesellschaft AG andReuter - 123 words
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MONEY AND EXCHANGES
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Article736 1985-03-16 5 SINGAPORE The US dollar extended its early gains yesterday against most major currencies in moderate late trading. The dollar rose to a late 3.4025/40 marks from an early 3.3835/50 and New York's 3.3780/3800 close and to 2.8940/70 Swiss francs from 2.8820/40 and 2.8770/8800 respectively. It firmed to a736 words
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Article, Illustration264 1985-03-16 5 Asian market ASIAN dollar deposit rates closed yesterday firmer than Thursday in moderate trading. Speculation the Fed may tighten monetary policy and a high US federal funds underpinned rates. *MMCATES the avara|t of ttw print tench* rata* at 12 major banks aporatinc in Singapore. Interbank deposit ratM us$ Offer M264 words
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Article45 1985-03-16 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from March 11 to March 15. Offered: $100,000,000. Applied for: $164,500,000. Aliened: $100,000,000. Accepted bids: $99.26 all bids in full. Average rate «I discount en allotment: 2.970 per cent per annum.45 words
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Article124 1985-03-16 5 THE OVERNIGHT rate on the Singapore interbank money market rose by two points from Thursday to close at 6 per cent yesterday. The one-month term rate fell by '4-point, the two-month rate fell by 1/16-point and the threemonth rate rose by 1/16point. S$ Interbank rates at 3pm yesterday:124 words
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Article246 1985-03-16 5 Interbank rates at 3pm yesterday: CiktwkIm rate* Si WNHMHIM dm parity quoted ye itifdiy ci change Locol dollars to on* unit of foreign currency. US dollar ***** ***** ***** •19 40 Sterling pound ***** ***** 7 3469 -66 66 Australian dollar 1 5543 1 5573 3 4286 -54246 words
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Article347 1985-03-16 5 BA Futures Inc EURODOLLAR futures came under strong selling pressure at yesterday's opening which saw the June contract traded to a low of 89.13 by mid-session from opening level of 89.20. Prices remained depressed at the lows of CME's range and could not close the gap at 89.12 toBA Futures Inc - 347 words
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Article194 1985-03-16 5 HONGKONG: The metal closed lower yesterday as the US dollar firmed. Bullion finished at U*****.20/60 an ounce, down from an initial $290.50/90 and New York's $291.00/50 close. An imminent $400 million fall in latest US M-l money supply had little impact. On the local market, gold ended at HK52,705194 words
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Page 5 Advertisements
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Advertisement324 1985-03-16 5 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in the Republic of Singapore) The Directors are pleased to announce the following:— The Bank The Bank The Group 1 AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1984 Net profit for the year after providing for 96,829 121,089 81,850 114,067 taxation, diminution in value324 words
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TIME-OFF
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Article482 1985-03-16 6 THE SERIOUS BUSINESS of debating and making government policies need not always be boring, as last week's Parliament sitting proved. So BT set up an Awards Committee to give deserving MPs accolades and admonishment for injecting the occasional spark of life into Parliament. Hopefully, that482 words
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Article, Illustration732 1985-03-16 6 TODD EASTHAM - Adolescents read them, and so do mid-dle-aged men and women. Blue-suited 'salarymen' and prim 'office ladies' can be seen devouring 'manga' Japanese for comics on subways and trains all over the country. By TODD EASTHAM UPI WHAT do workers in the world's most notoriously workaholic nationUPI - 732 words
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Article482 1985-03-16 6 Entrepreneurial spirit is alive and well thanks to SBS THE entrepreneurial spirit is alive and well, as demonstrated by the proprietor of one small shop behind a bus stop along Orchard Road. His novel scheme to earn a few cents more was discovered by a colleague482 words
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Article, Illustration619 1985-03-16 6 CONCERTS LYNNETTE SEAH-SIMON (violin) and Shane Thio (piano) at the Goethe-ln-stitut. Both are familiar names now on the Singapore music scene. Lynnette is currently the deputy leader of the Singapore Symphony Orchestra while Shane has been playing with the orchestra and chorus since October 1982. Recently, he did619 words
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Page 6 Advertisements
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Advertisement81 1985-03-16 6 M "J J CULTURE SHOCK PHIUPPMES The Filipino Asian visage Spanish forbears and a cultural tradition inherited from Moorish and Asian forbears. They are different. Learn to appreciate their attitudes to life, their different responses to work, living and having fun. Culture Shock Philippines by Alfredo and Grace Roces gjjpS81 words
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Page 6 Miscellaneous
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Miscellaneous1022 1985-03-16 6 w sm mm HIGHLIGHTS Centrestoge Early Days 8.30 pm, Channel 5 The late Sir Ralph Richardson, in one of his last performances before his death, stars as Kitchen, a retired politician fighting a wonderful guerilla war against old age and guilt at leading a thoroughly selfish life. Kitchen's capricious moods1,022 words
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SPORTS
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Article416 1985-03-16 7 WALTON MORAIS - By WALTON MORAIS DEFENDING champions Sembawang, given a new lease of life in the Premier League, get another chance to chip away at SICC's lead on Sunday with the odds stacked against them. For with tomorrow's fifth round being held at the Bukit course,416 words
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332 1985-03-16 7 Reuter Jahangir Khan, the world's greatest squash player, annihilated Australia's Greg Pollard to sweep into the semi-finals of the French Open squash tournament in Paris on Thursday night. "He was totally devastating. It was the quickest and most aggressive he's ever playedReuter - 332 words
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Article, Illustration461 1985-03-16 7 Navratilova the winner everyone is hungry to play UPI MORE and more, the password in women's tennis is "get Martina". For three years Martina Navratilova has been beating everyone in sight, magnanimously dropping a couple of matches a year just so she wouldn't be banned from the game. Now, theUPI - 461 words
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Article175 1985-03-16 7 Reuter SWEDEN'S top tennis player, Mats Wilander, is fed up with tennis and would rather take a break than face the five weeks of tournaments which lie ahead. Interviewed by the Swedish newspaper Dagens Nyheter in Brussels, Wilander said he was tired of travelling and of theReuter - 175 words
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Article154 1985-03-16 7 IPOH RACING will be a sad occasion today. There will be no Epsom Jeep in the stand. Jeep, who died at his home in Ipoh on Thursday, was quite simply the best. Few trainers or owners would not yield to him on the assessment154 words
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Article, Illustration309 1985-03-16 7 HYPERION - By HYPERION RACEGOERS will have to concentrate on the handful of newcomers at Ipoh today to find any signs of a champion in the making. Mostly the fields are made up of a plodding lot and punters will find309 words
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Article85 1985-03-16 7 Reuter A POLITICIAN has joined sports officials and cricket fans to demand that a luxury car won by star «icketer Ravi Shastri in Australia should be exempted from Indian import duty of about U5533,000. Opposition MP Suresh Kalmadi said in parliament in New Delhi on Thursday thatReuter - 85 words
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Article1041 1985-03-16 7 AT CONVENTIONAL WHARVES VmmI Berth Arrival Departure KEPPEL WHARVES Prosper K29 alongside 16.3/1600 Fukuzaki M K27 alongside 16.3/1500 Kora Rakyat K31 alongside 16.3/1600 Linden K16 alongside 16.3/2300 Str Pride K25W alongside 16.3/1500 Aristogenis K15 16.3/0900 16.3/0600 Biiliton II K22 16.3/1500 16.3/2300 Cochise K29 16.3/1600 17.3/2100 Equator V1,041 words
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Page 7 Miscellaneous
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Miscellaneous754 1985-03-16 7 CRYPTIC PUZZLE ACROSS 9 Getting a big surprise when you look at a kitchen gadget (3-6) 10 The person consigned to a lunatic asylum by the panel? (9) 12 It's shrewd to ignore the note (4) 13 Sense there is justification (6) 14 Having jostled, rob the man coming out754 words
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INTERNATIONAL STOCKS
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271 1985-03-16 8 Reuter ROYAL DUTCH/SHELL GROUP has said its 1984 results are a record in sterling terms and are particularly satisfactory when viewed against the very competitive trading environment worldwide. The group reported net income in the full year of £3.65 billion compared with £2.75 billionReuter - 271 words
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Article224 1985-03-16 8 Reuter THREE WEALTHY Egyptian brothers have secured their takeover of the group which owns Harrods, London's most famous department store, when the British government decided not to interfere. The Trade and Industry Department said on Thursday the Al-Fayed bid would not be referred to theReuter - 224 words
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297 1985-03-16 8 Reuter WALL STREET share prices closed lower after trading in a narrow range for host of Thursday, as investors awaited important February economic data, amid concern about the direction of interest rates. The Dow Jones Industrial Average fell by 1.65 points to 1,260.05. Declining issuesReuter - 297 words
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Article103 1985-03-16 8 MAS 14 a Hud Boy M«i 6\ 48* unch 50 unch Inco 17* Alcon 37* Int Pro* P*x ln» IM 35 24* unch Argoan HMgs Bank Moot 19* 26* unch Kerr Add Lobtow B Massey Fefg 16* 18* 3 unch Mc Bkxlel 25* BP Can Ltd 26* Motion A103 words
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Article216 1985-03-16 8 MAR 14 Rand Umsec 455 1280 -5 5 INDUSTRIALS A AWwi 675 15 MININGS 120 2270 10 A£ And O 670 10 ***** 320 1600 10 AMSFT.. 2175 BuHeh 7050 unch 973 3 Chortef 425 unch C G Smith 2050 40 Cora Gold 1020 -5 CNA 225 15 1000216 words
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Article662 1985-03-16 8 MA* 14 US$ Alcan Alumn Alcoa Alegheny Lud AWd Chem Cp Alwd Stores Afts-Chalmers Am Brands tnc Am Broodcost Am Can Co Am Cyanamid Am Elec Pwr Am Exprtsi Am Horn* Prod Am Motors Cp Am Natural Gas AmTiltTtl Amax Inc Ameroda Mess AMF Inc Amr Corp Armco662 words
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Article942 1985-03-16 8 Amsterdam MA* 14 Fb ABN 398 00 4 5 Aagon 183 00 -2 5 Ahold 226 00 -3.5 113 00 -18 AAAEV 21 50 -1977 Amtm 75 10 -1.2 Berk 58 50 unch Boh 108 20 mch Borujmq 349 00 -1.5 Botko Burtet 8850 -05 CoJond 37 50942 words
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Page 8 Advertisements
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Advertisement463 1985-03-16 8 I i 1 lf=P High tea, high fashion... at Oichaid Hotel Singapore 4r At The Terrace on Sat from 3pm to 6pm. Treat yourself to a scrumptious tea and fashion show by leading boutiques. Models from Ivor's Models Boutiques Mar 16 Jacqume Fashion Mar 23 Top-Trend Boutique Mar 30 She463 words
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Advertisement140 1985-03-16 8 London stocks, page 11 4U r v it w LOMHgjB 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 youl Happy Hoars: Spa 7pa. 25% off <>■140 words
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ASIAN STOCKS
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Article362 1985-03-16 9 HONGKONG: Share prices closed sharply lower yesterday, after speculators' profit-taking on HK t -anH long positions which they established before the company's annual results on Thursday. The Hang Seng Index closed 22.59 points lower at 1,333.76 after it gained 2.86 at the midmorning fix. Cheung Kong closed 30 cents362 words
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Article221 1985-03-16 9 MAI IS Ai Smear* kridus Alio Cement NT 4 23 25 40 -0 17 2 4 Lian Hwo Irxfcji Non Yo PV» Pocific Com Pocihc Elact 12.40 28 40 22 80 1800 -0 35 -03 -05 -0.3 26 60 -0.1 1 49 -007 Chang Hwo Bank 52 00 unch221 words
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Article352 1985-03-16 9 TOKYO: Share prices rose steadily throughout yesterday in very active trading, despite Wall Street's softness on Thursday. The market average gained 63.00 to 12,468.03, wiping out Thursday's 14.23 loss and closing at its highest level since March 6. Turnover was 480 million shares against 450 million on Thursday. International352 words
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Article101 1985-03-16 9 MANILA: Share prices closed firmer in dull trading yesterday. The Commercial A Industrial Index rose 0.19 to 127.54, the Mining Index firmed 3.77 to 701.35 and the Oils Index was up 0.009 at 0.593. MAI 15 Pnot On«ntal B PWtx B 0.01 unch 0 0975 -0 0025 Acoi* Mining101 words
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Article390 1985-03-16 9 SYDNEY: Share markets finished yesterday on a strong note with local traders paying little attention to normally-discouraging signals from overseas. Near the close, the All Ordinaries Index was up 5.5 at 794.6, the All Industrials Index was up 5.4 at 1,171.3 and the All Resources Index was up 5.5390 words
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Article160 1985-03-16 9 BANGKOK: Share prices continued to close higher in quiet trading yesterday. The Book Club Index rose 0.11 point to 127.92 and advances led declines by a small margin. Turnover stood at 307,779 shares worth 37.7 million baht compared to a previous 964,432 shares worth 47.0 million. MAI 15 Mh160 words
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Article77 1985-03-16 9 MAR 15 Won Hyundai Carat 903 unch Hyundai Motor 594 38 596 KAL 619 36 Chotoung 6k 594 unch Korea Fir»t 615 -15 637 -1 Korea Oi 1729 -1 455 10 Korea St*> 358 3 449 648 23 Doewoo M 560 +21 Samsung Co 720 32 495 -10 81977 words
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Article61 1985-03-16 9 Reuter THE BELL GROUP has said a major part of its 78 per cent interim profit rise reflects the adoption of equity accounting on July 1 last year. Net profit of U5526.85 million for the half year ended Dec 31 included an equity-accounted attributable component of $7.76Reuter - 61 words
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Article, Illustration223 1985-03-16 9 AP THE GREAT WALL HOTEL, a US$75-million US-Chinese joint venture that opened in Beijing last year, will sign a new management contract with the international chain Sheraton Corp. The hotel said on Thursday in an announcement that the contract would be signed nextAP - 223 words
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Article196 1985-03-16 9 Reuter CHRYSLER, a US carmaker, may build a new small car in Japan or South Korea if nothing is done about the unfavourable yen-dollar exchange rate. Company chairman Lee lacocca told the Washington Post that Chrysler had planned its Liberty model to eliminate theReuter - 196 words
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Page 9 Advertisements
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Advertisement156 1985-03-16 9 'J! M II itr r* v 3 S6 >5 z mso v K /r:2 At the lON BAR, we've pulled in"" something different. At the lON BAR. we believe in always looking for something different to supercharge your evenings And now we've got it something new to our entertainment line-up156 words
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Advertisement198 1985-03-16 9 T. ft t Up the staircase at the Century Parte Sheraton. Follow the sweep of the curving staircase of the Century Park Sheraton and you'll find yourself at the Black Velvet Gold. If s a discotheque with hot sounds and cool drinks, an exceptional laser light show, and the sort198 words
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Advertisement106 1985-03-16 9 Paramount Hotel Where the happy people go j»r -j 4^ n •V f "V r /i A special garden atmosphere where time never runs out. Here, master chefs prepare delicious and lingering tastes from gourmet style to simple meals. SPECIAL FEATURES: DaMy Buffet Breakfast $11.50 Daily Sat Lunch $12 Sunday106 words
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Advertisement114 1985-03-16 9 w From English afternoon teas of hot scones and strawberry jam, to evening cocktails. Then dance to the music of Juliana s of London. Linger. The mood is Distinctively Hilton in Style. Men HUON NTBRNATIONAb CJmuh CJood \Promotion QiefThmmd returns for K) glorious ru^UsatThe^Beheden Manh 7t>K>. NB5 vi Chef Roland114 words
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Advertisement95 1985-03-16 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL LOUNGE With Ramon D'Ncw Blackjacks one's on the house! Happy Hours: 5 pm 7pm With Sunny and Stamford fl For reservations please call 734 6622 tn MimsMU, MOTKI, L Slngtpon W 19, Cairnhill Circle, Singapore 0922 2BTB restaurant u Serving a wide95 words
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SHARE INFORMATION
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Article, Illustration4248 1985-03-16 10 BUYING support in the morning ran out of steam after the lunch-break, resulting in a mixed close at the Singapore stock market. The major market indicators, however, managed to post modest gains. The BT Composite Index rose 3.35 points to 750.11 while the Straits4,248 words
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Article264 1985-03-16 10 SINGAPORE Rises Indices Sataros tat 220 Kantucky Sport 545 Utd Plantatwnt 412 H Laaag Cradrt 600 Saltan 190 Grand Cantrol 268 Gaorya Kant 50< 196 UOl 266 Dutch Bafcy 600 Paak Hue 460 C 4 C 362 Glanaaty 240 Jwraag Irvg 50< 205 Falls T Horboar 640264 words
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Article3738 1985-03-16 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".3,738 words
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Page 10 Advertisements
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Advertisement8 1985-03-16 10 Business done on the KLSE See page 118 words
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COMPANY NEWS
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962 1985-03-16 11 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN THE MALAYSIA-BASED Hong Leong stable has produced a set of mixed results for the half year ended Dec 31, 1984. 1 Hong Leong Industries Bhd, < headed by Mr Quek Leng Chan, reported a substantial 15 per962 words
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LATEST RESULTS
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Article38 1985-03-16 11 Group pre-tax loss of Ms 4 million for the year to Sep 30, 1964 against a loss of $7 million previously. Af-ter-tax loss stood at $4.21 million ($6.58 million). No dividend has been recommended.38 words
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43 1985-03-16 11 Group taxable profits rose to M 54.33 million in the year to Sep 30, 1964, compared with $3.53 million previously. Stated earnings per share increased to 14.7 cents from 11.1 cents. No final dividend will be paid.43 words
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Article93 1985-03-16 11 TRADING in the shares of Malayan United Industries Bhd and Malayan United Manufacturing Bhd on a settlement basis will be suspended from Friday, March 22. The due date for delivery of settlement contracts in these shares will be brought forward to Thursday, March 21. WEARNE BROTHERS Ltd re-93 words
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Article222 1985-03-16 11 Managers' prices for Morch 16 18 MARA-Bumiputra First B'putro 574 5.79 Second B'putro 494 4.99 Singapore Unit Trust The Commerce 2.28 2.42 Thtfd B'putro Fourth B'putro Fifth B'putro Sixth B'putro Seventh B'putro (A) 4 21 4 26* 465 4.70 3.15 3 20 3 04 3 09 fhe bovngs222 words
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Article778 1985-03-16 11 SHARE PRICES yesterday opened mixed but with a firmer bias on further modest buying ahead of Tuesday's budget, dealers said. At noon, the FT 30 index was up 8.7 at 998.8 while the FTSE 100 rose 6.7 to 1306.4. BTR gained lOp to 729, BICC added 5p to778 words
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354 1985-03-16 11 HARIMAU INVESTMENTS LTD, a member of the OverseaChinese Banking Corporation stable, emerged as the best performer of the four listed closed-end investment trusts in 1984. Higher income from its trading operations as well as a well-timed change in its portfolio mix have helped Harimau354 words
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Article105 1985-03-16 11 HONGKONG Hong Seng Index Friday 1333.76 Thursday 1356.35 Week ago 1395 27 Australian Industrials Friday !!ZI2 Thursday Week ago 1165.6 NEW YORK TOKYO Tokyo Dow Jones Friday ***** 03 Thursday *****.03 Week ogo ***** 53 Dow Jones Wednesday 1260 05 Wednesday 1261.70 Week ago 1271.53 Standard Thursday '77105 words
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544 1985-03-16 11 NAJEEB JARHOM - By NAJEEB JARHOM A HEAVY doubtful debt provision has eaten deeply into Intraco Ltd's 1984 earnings, but the steep fall was cushioned by a jump in its share of associated companies' profits. Tough business conditions forced earnings per share to slump to a mere544 words
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Article499 1985-03-16 11 SOME LIGHT selling caused share prices to close on a mixed note at the Kuala Lumpur stock market yesterday. Trading was fairly active but interest was once again confined to selected industrial, oil palm and property issues. The market opened at overnight levels and improved499 words
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Article2442 1985-03-16 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Acmo (2.005) Ajmomoto (3 70S) A Choc (2.765) AMD2,442 words
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Article148 1985-03-16 11 THE WILKINSON PROCESS RUBBER Company Berhad: 53rd AGM at 70, Jalan Am pang, KualaLumpur on March 26 at 2.30 pm. VAN DER HOR8T Ltd: Eleventh AGM at 11, Pandan Crescent, Singapore 0512, on March 27 at 10am. GENERAL SECURITIES INVESTMENTS Ltd: 10th AGM at the board room of148 words
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Article, Illustration626 1985-03-16 12 QUEK SWEE PENG - Prizes include a $150,000 flat in KL and holiday trips By QUEK SWEE PENG THE EXPENSIVE battle for membership constantly fought by big international credit card companies has been joined by Cheq-Point, a newcomer which was rescued last year by Malayan Resources Corp Bhd following cash-flow626 words
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394 1985-03-16 12 NEW STOCK of the prestigious Calmex brand abalones will soon be available on the shelves of supermarkets and in restaurants. This follows the appointment on Thursday of East Asiatic Company (S) Pte Ltd as the sole distributor for the brand. Ocean Garden Products394 words
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Article270 1985-03-16 12 SIMEX DEALERS expect the twice-broken Eurodollar contract volume to reach new heights in the near future. Greatly encouraged by the increased pace of business in the past week, a broker told BT he was very confident a 3,500 turnover level would be breached within the next270 words
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141 1985-03-16 12 AP CHINA wants to lower border restrictions between Hongkong and the special economic zone of Shenzhen well before the territory reverts to Chinese control in 1997, Shenzhen Vice-Mayor Li Chuanfang said yesterday. Her remarks indicated a Chinese desire to meld Hongkong and Shenzhen,AP - 141 words
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Article81 1985-03-16 12 WORKERS who are exposed to benezene in their work will now be better protected under The Poisons (Benezene) (Amendment) Rules 1985. The amendment, gazetted yesterday, said a worker must go for a medical check-up, including urine and blood tests, and be certified fit before he can81 words
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260 1985-03-16 12 Reuter RUSSIA'S economic figures for the first two months of this year, released yesterday, illustrate the uphill struggle that the country's new leader Mikhail Gorbachev faces on the economic front. The official weekly Economic Gazette showed a marked slowdown in industrial production and productivityReuter - 260 words
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297 1985-03-16 12 Reuter THE BRITISH government yesterday disclosed that it has serious political and military doubts about President Reagan's "star wars" system of space defences. In a statement that Western diplomats said would disturb the US administration, British Foreign Secretary Sir Geoffrey HoweReuter - 297 words
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Article, Illustration227 1985-03-16 12 EMPLOYERS might have paid out a hefty $33.9 million in workmen's compensation last year but still, it represented the first decline in at least 24 years. In 1983, employers' payments were a record $34.9 million, 28 per cent more than in 1982 when $27.2 million was227 words
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147 1985-03-16 12 Reuter THE Indian government yesterday rejected opposition demands that countries linked to India's spy scandal should be declared unfriendly to its interests. Minister for Home Affairs S B Chavan told parliament's upper house that New Delhi, would not discriminate against foreign countries reportedReuter - 147 words
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Article62 1985-03-16 12 Reuter WALL STREET stock prices were mixed in early trading yesterday. Investors were expected to trade cautiously and carefully in light of less-than-encouraging economic news. The Dow Jones industrial average was up fractionally at 1260 and, overall, losers slightly edged out gainers on volume of nine millionReuter - 62 words
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LATE FILE
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Article50 1985-03-16 12 Reuter TOXIC gas leaked from Union Carbide Corp's South Charleston, West Virginia, plant and spread over a shopping mall, slightly injuring eight people last week. A company spokesman said the gas escaped when a piece of equipment was being started at the plant. ReuterReuter - 50 words
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Article52 1985-03-16 12 AFP BANK of China president Jin Zeqin has been relieved of his position and his powers are to be exercised by the first vice-president of the bank. A bank spokesman said: "First vice-presi-dent Zhao Bingde took over Mr Jin's responsibilities at the end ofAFP - 52 words
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Article59 1985-03-16 12 Reuter CHINA will for the first time send exhibits of its space technology to a foreign country for display at Japan's Expo 85. The New China News Agency said items will include a carrier rocket, China's first satellite launched in 1970, its first experimentalReuter - 59 words
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Article29 1985-03-16 12 Reuter INDONESIAN Foreign Minister Mochtar Kusumaatmadja had talks in Hanoi yesterday with Vietnamese Foreign Minister Nguyen Co Thach on bilateral and regional issues. ReuterReuter - 29 words
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Article50 1985-03-16 12 UPI A BOMB strapped around a man's waist exploded at a packed prayer session attended by President Ali Khamenei in Teheran yesterday. Mr Khamenei was not hurt, but there were several casualties among the worshippers attending the weekly Friday prayer services at Teheran University. UPIUPI - 50 words
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Page 12 Advertisements
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Advertisement72 1985-03-16 12 NOTICE Ttfmfmfmm RE: SALE OF M.V. 'THAI STAR' We refer to the advertisement made by Walter Lines (Zosing Shipping) on 8/3/85 in the Business Times and we would like to say that we agreed to sell the above vessel. Its completion is to take place on 18/3/85. Before sale is72 words
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Advertisement382 1985-03-16 12 CUBIC 99 The Business, Professional, Educational Personal Computer I I X i f UNIQUE V i The first computer in the S world to offer _.Ni TALKMG BASIC and "P VOICE N PUT/OUTPUT SYSTEM N. g£k With these. CUBIC 99 brings to you a new N. dimension m computing: speech382 words
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Page 12 Miscellaneous
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Miscellaneous55 1985-03-16 12 Outlook foe today: Windy; showers in several areas in the late afternoon. Report for 24 hours prior to 7 30pm on Morch 15 at the oirport: Maximum temperature 32.2 Associated humidity 66 Minimum temperature 24.7 Associated humidity 96 Hours of sunshine 4.95 Rainfall in millimetres Trace Rainfall this month 37.655 words
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