The Business Times, 30 March 1985
1985-03-30
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The Business Times
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Title Section12 1985-03-30 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, MARCH M, 1985 60 CENTS12 words
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378 1985-03-30 1 RICHARD SEAH - By RICHARD SEAH NEW GENERATION Singaporeans at McDonald's will not have a choice from Monday. They will be offered the real thing instead. This new "Big Switch" in fast food when Coke replaces Pepsi at McDonald's Restaurants will give Coke almost378 words
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627 1985-03-30 1 ALVIN TAY - 'Two sets of books' charges strongly denied By ALVIN TAY SUGGESTIONS that Singapore companies kept two sets of books and produced inadequate corporate financial statements were strongly denied by local accountants yesterday. On Thursday, leasing executive Mr Kenneth Gibson had alleged that it seemed627 words
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517 1985-03-30 1 HIGH-RISK venture companies may be allowed to be traded on a separate board on the stock exchange to help them raise funds. The move, which is under "active" government consideration, is to encourage the entrepreneurial spirit and boost the development of high-technology industries in Singapore.517 words
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Article, Illustration79 1985-03-30 1 THE Singapore stock market closed mixed yesterday alter a day tf moderate trading. Plantations were more actively traded than usual and prices generally closed higher. Analysts say plantations are benefiting from good earnings prospects aad many of them have good yields. The BT Composite Index fell 1M points79 words
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Article, Illustration472 1985-03-30 1 SOH TIANG KENG - By SOH TIANG KENG Banking Correspondent MORGAN GUARANTY TRUST has appointed Singaporean Fock Siew Wah as senior vice-presi-dent and regional treasurer for the Far East and Australasia in another major move to strengthen its presence in Asia. This appointment, taking effect from Monday, decentralises the bank's management472 words
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472 1985-03-30 1 NAJEEB JARHOM - By NAJEEB JARHOM UNITED OVERSEAS BANK Ltd, Singapore's biggest banking group headed by Mr Wee Cho Yaw, has turned in worse results than its main rival, DBS Bank. Group audited net attributable profits after tax provision, diminution in assets value, allocation to inner472 words
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Article149 1985-03-30 1 Both the finance and insurance arms of UOB found themselves in the same boat as thefr parent. Uiltoi Overseas FV Buee Ltd suffered a 31.7 per cent fall in after-tax profits to 55.34 million last year from 17.6 million, due mainly to a staggering increase in149 words
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Page 1 Advertisements
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Advertisement125 1985-03-30 1 ASIAPRINT '85 4th International Exhibition of Printing, Graphic Arts Equipment Supplies. ASIAPRINT JUNE 20-23 WTC S PORE THE CLUB THAT STANDS IN A CLASS OF ITS OWN v 3 iKmno ALL SDkR POLARIS Mtzuno All Star Polaris isfor you. For woods, the heads are crafted from solid MOCks of fine125 words
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Advertisement338 1985-03-30 1 Interview with HK Bank chief HONGKONG BANK, the Republic's most profitable foreign bank in 1963, reported a 3.5 per cent rise in pre-tax profits last year. In an interview with BT recently, chief executive officer Mr John Hill said the bank had higher than anticipated bad and doubtful debts provisions.338 words
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Advertisement12 1985-03-30 1 FuM report, Pag* 10 Asian stocks, Pago 9 Intt stocks, Paga 812 words
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Advertisement174 1985-03-30 1 ASIAPACK '85 4th Irtiemaftonol ExhibJMon of Pockagina Machinery Matenate And Food Processing Machinery JUNE 20-23 WTC STORE t t I A MiniEncyclopaedia of CHINESE CRAFTS Robert Helmer Stalberg Ruth Nesi C <c CVi <i" k 1* l V cv> ■IS a The story of how they are made what they174 words
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HOME NEWS
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473 1985-03-30 2 PENG AILIAN - Total ban of soft drinks could cause huge loss By PENG AILIAN SOFT DRINK bottlers are not worried by the move to stop schoolchildren from taking too many sweet drinks. But a total ban in schools would cause a "substantial" loss in revenue,473 words
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Article111 1985-03-30 2 TWO INSURANCE companies in Singapore Heath Langeveldt Rollins, and Spurlin have merged. A Singaporean, Mr Chua Cheng Nghee, is managing director of the new company, also called Heath Langeveldt Rollins, which operates as insurance brokers, risk management and employee benefit consultants. "We are convinced the merger111 words
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247 1985-03-30 2 THE Mass Rapid Transit Corporation is looking for more expatriate staff and with the retrenchment going on in Hongkong's Mass Transit Railway, its timing seems perfect. Singapore's MRTC is looking for engineers for its maintenance department and has placed newspaper advertisements247 words
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Article123 1985-03-30 2 THE PUBLIC Works Department has completed the construction of a road network in Marina Centre to serve the future development in this area. The road network comprises a one-way pair, Raffles Boulevard and Raffles Avenue, which are the extensions of Bras Basah Road and Stamford Road123 words
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175 1985-03-30 2 THE SECRETARY is still important in any company and will not be made redundant by the advance of technology. This is the stance that a conference, jointly organised by Times Conferences and Advanced Training Techniques (ATT) will take. The secretary's job was not a175 words
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160 1985-03-30 2 A BRITISH company may make a snooker table that can be converted into a bed. Beconpatch, a British company which makes leisure products, will be appointing a trading company next week to distribute the product called "snoozer" table in Singapore, Malaysia, Indonesia and160 words
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87 1985-03-30 2 TELECOMS will introduce the Datel service to Brazil via the international telephone network with effect from April 1. This service enables subscribers who have suitable data terminal equipment and approved modem to transmit data via the international telephone network to similarly-equipped subscribers overseas. The charges87 words
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Article35 1985-03-30 2 TELECOMS will resume surface mail services with the following countries from April 1. Djibouti (surface letters and surface parcels), Equatorial Guinea (surface parcels), Somalia (surface letters and surface parcels) and Tunisia (surface parcels).35 words
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Article89 1985-03-30 2 AN ITEM in yesterday's BT said that the Minister for Labour was Mr S Jayakumar Mr Jayakumar is the Minister for Home Affairs and it was in this capacity that he replied to questions in Parliament on Thursday. Dr Koh Lam Son, MP for Telok Blangah, was reported89 words
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311 1985-03-30 2 BOEY KIT YIN - By BOEY KIT YIN ABOUT $427 million was spent by the Economic Development Board on small- and medium-sized companies in the past eight years to support Singapore's industrial upgrading. The money was given out under the Small Industries Finance Scheme, which was introduced in311 words
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Article137 1985-03-30 2 AN OUTSTANDING industrial engineering award, modelled along the lines of an outstanding QCC Facilitator Award, is being considered by the National Productivity Board (NPB). This would spur industrial engineers and companies towards greater excellence, said NPB executive director, Mr Ng Kiat Chong. At the opening of137 words
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Article945 1985-03-30 2 AT CONVENTIONAL WHARVES MARINA WHARVES B Parotomo M4 30 3/1500 31.3/1830 VhmI Berth Arrival Departure Punggut l/B M3A 30 3/0900 30.3/1800 KEPPEL WHARVES 8 Troubodour Fengtoo Hugheverett K29 K35 alongside 30 3/0600 alongside 30.3/2300 Johan S'dro Joyo H Semarong NA3B M2C M2B 30 3/1200 30 3/2359 30945 words
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Page 2 Advertisements
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Advertisement161 1985-03-30 2 Republic of China Agricultural Food Products at your doorstep Dynasty Hotel Ballroom (3rd Storey) 3-5 April 1985 H.OO a.m. to 7.00 p.m. daily For the first time in Singapore, a wide selection of agricultural and food products from Taiwan, the Republic of China will be on display at the Dynasty161 words
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OVERSEAS
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709 1985-03-30 3 Serious problem, say nine out of 10 Americans ALMOST NINE out of 10 Americans questioned in a recent poll considered the trade gap with Japan a "very serious" or "somewhat serious" problem. A Business Week-Harris poll, released on Thursday, was carried out709 words
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161 1985-03-30 3 Reuter CHINESE leader Deng Xiaoping has said that his programme of radical economic change amounted to a second revolution in China. Chinese newspapers yesterday splashed his remarks across their front pages. "Reform is China's second revolution," said the headline in The People's Daily. TheReuter - 161 words
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Article, Illustration337 1985-03-30 3 UPI BEIJING has announced that Vice-Pre-mier Yao Yilin will visit Moscow in June to sign a major trade agreement, but cautioned that immediate prospects for normalising Sino-Soviet relations remain slim. Top leader Deng Xiaoping told Japanese Liberal Democratic Party Vice-PresidentUPI - 337 words
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Article644 1985-03-30 3 ARRIVALS Operator Strvict Local From SIA THAJ SQI05 -TG403 1120 1155 KUL BKK SIA MAS SQI91 MH682 1225 1230 PEN KCH GIA GA940 1235 MES MAS MH605 1250 KUL SIA SQ203 1300 HLP GIA GA900 1310 PKU SIA THAI 1330 1330 SFO/HNL/HKG BKK/HDY SIA SQ61 1335 BKK644 words
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258 1985-03-30 3 UPI THE Reagan Administration has called three Soviet military attaches to the Pentagon to discuss the killing in East Germany of a US military observer by a Soviet sentry. A State Department spokesman in Washington said yesterday that "certain steps" had been taken, in responseUPI - 258 words
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245 1985-03-30 3 AFP THE US Defence Department said it had halted signature of new contracts with one of its biggest suppliers, General Electric (GE), following accusations against the company of overcharging on a system of nuclear warheads for intercontinental ballistic missiles. It also soughtAFP - 245 words
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Article234 1985-03-30 3 Reuter AN AMSTERDAM court has upheld an appeal by a Pakistani nuclear scientist against his conviction by a Dutch court in 1963 for attempted nuclear espionage and quashed his prison sentence. The scientist, Dr Abdul Qadir Khan, was sentenced in his absence by an Amsterdam court onReuter - 234 words
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316 1985-03-30 4 Reuter DEVELOPING countries will see strong economic growth until the end of the decade, but per capita income will fall further behind that of major Western nations, a private study predicted. The Prognos Economic Research Centre said on Thursday that growth of the emergingReuter - 316 words
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185 1985-03-30 4 AP UNEMPLOYMENT in the 10-na-tion European Economic Community, excluding Greece, fell 0.1 percentage point in February to reach 12 per cent, while the group's inflation rate rose 0.6 per cent during the same period. Eurostat, the EEC's statistical agency, said yesterday thatAP - 185 words
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Article, Illustration74 1985-03-30 4 Reuter THREE CRANES were used to haul a double-decker bus out of the Westdene Dam in Johannesburg, South Africa, after a bus carrying more than 60 school children between 12 and 16 years-old plunged to the bottom of the dam on Wednesday. Forty-twoReuter - 74 words
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306 1985-03-30 4 AFP CALLS FOR trade sanctions against South Korea have surfaced in Taiwan following Seoul's handing back of a torpedo boat and its crew to China. Businesses are demanding the suspension of car imports from South Korea, and the government is considering posponement ofAFP - 306 words
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420 1985-03-30 4 Reuter C AN ADA now appears ready to undertake a concerted deficit reduction programme beginning in May when the new government of Prime Minister Brian Mulroney unveils its first budget, analysts and government observers say. After months of consultations with the provinces, business, laborReuter - 420 words
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140 1985-03-30 4 Reuter MOST New Zealanders back the anti-nuclear stance which has frozen relations with the US. A television poll result broadcast in Wellington yesterday night said 77 per cent of New Zealanders supported the La- bour government's policy of banning nuclear weapons fromReuter - 140 words
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Page 3 Advertisements
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Advertisement24 1985-03-30 3 I\m \:n K I Kmc I t«^11 I»» I Iota; koiv.; i j is Honolulu \m I r.uuhui \rw Virk Updatod Information, Gill *****11.24 words
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Advertisement633 1985-03-30 3 Grindlays Bank p.l.c Group Balance Sheet 30th September, 1984 Cash and short term funds Term deposits with banks and public bodies Investments Advances and other accounts Assets leased to customers Associated companies Premises and equipment 1,503,719 1,319,905 117,519 394,412 85,741 5,490,507 DIRECTORS A J O Ritchie R F B Logan633 words
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RAW MATERIALS
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Article140 1985-03-30 4 Chinese Produce Exchange (Sefleo' noon dosing prices on Mar 29. S$/100 kg). Coconut oil Bulk FOB 155.00 OW drum FOB 168.00 New drum FOB 172.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gambier FOB NSW 477.50 396.00 248 00 330.00 Copra M.xed (loose) Pepper140 words
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Article277 1985-03-30 4 Singapore C-l Ord unq (S$/kHo, cx-godown) Loonzain Rice Fragrant new crop l.* 0 fi/> 100% 1st grade 100% 2nd grade 2nd 0.65 100% 3rd grade unq 3rd 060 Parboiled Rice New Crop no stock 5% 227 25% 10% 222 10% no stock Thai Broken Maize unq A-super Special 0.58277 words
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Article115 1985-03-30 4 THE Kuala Lam pur Tin Market price rose three cents te M 121.44 per kg yesterday, still within the International Tin Agreement lewer range ef $29.15 and $S2.M. Sentiment was boosted hy lower offerings of 11 tonnes against 111 tonnes on Thursday. A firmer close in London also115 words
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Article161 1985-03-30 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,550 Blue Phoenix 20's 2,700 Blue Phoenix 32's 3,300 Blue Phoenix 40's 3,650 Carded yarn, honk Blue Phoenix 2l's 2,900 Combed yarn, cones Blue Phoenix 32's 4,350 Blue Phoenix 40's 4,500 Open-end yarn 2,400161 words
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Article190 1985-03-30 4 SINGAPORE The market closed lower yesterday with April One RSS buyers quoted at 171.75 cents per kg, down 2.25 cents from Thursday. The morning session lost 2.50 cents on some speculative selling and profit-taking in moderate trading. Prices hovered narrowly in quiet afternoon trading on lack of fresh interest190 words
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Article334 1985-03-30 4 RAS prices m S cents/kg, FOB in 1 l>ales NOON CLOSE Buyers Setters Buyers Sellers Int 1 RSS Prompt 172 00 I7300N 171 50 172.50N Int 1 RSS Apr 85 172 50 173 50 171.75 172 75 Int 1 RSS May 85 178 25 178 50 177.75334 words
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Article136 1985-03-30 4 MALAYSIAN crude palm oil prices closed lower on further liquidation in a technical adjustment to the recent firmness in thin trading yesterday, despite Pakistan's RBD palm oil purchase on Thursday. Interest centred on April position, with south and central regions falling Ms2o to $1,365 per tonne. Refined palm136 words
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Article125 1985-03-30 4 SOYBEAN futures on the Chicago Board of Trade closed slightly mixed in quiet activity on Thursday. May traded in a narrow 4'*-cent range, making new day's highs late as soyoil rebounded. Technically, soybean prices may have reached a near-term high after meeting chart resistance at the US$6.lO-level in May.125 words
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Article127 1985-03-30 4 WHEAT futures on the Chicago Board of Trade closed IV4 to US cents a bushel in fairly light activity on Thursday. May ended near the middle of its 3'/i-cent range. Traders said the inability of currencies to resume an uptrend against the dollar prompted the sell-off in wheat futures.127 words
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Article106 1985-03-30 4 (cots/kg, po'lets MAY 85 (current month) (forward month) NOON NOON RAS Buyers Seders Buyers Sellers SSR 20 ***** 178 00N 177 00 I79 00N SSR 50 173 00 175 00N 175 00 I77 00N MRELB Buy en Sellers Buyers Sellers SMR CV 223 00 225 00 225106 words
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Article746 1985-03-30 4 COFFEE Robusta futures ended on Thursday around midday levels after reaching the highs during the afternoon on currency factors. Contracts finished with gains of £23 to £3 apart from spot March which was down £3. May ended at £2,207, up £3, after £2,208 at midday and slightly above746 words
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Page 4 Miscellaneous
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Miscellaneous144 1985-03-30 4 BY GARRY TRUDEAU 'MARCH 27-1 NOnCB TONIGHT THAT I SEEM i WH4VSPEVSLOPEPA SPECIAL RITUAL UITTH I JEFFREY." m m r> IK, 'EVERY AFTERNOON, JOME PICtS JEFFREY UP FROM PAY CARE. THEY 6010 THE PARK PLAYGROUND ANP THEN COME HOME..' o OS 1 M rO "JQW /9540S TO HIM, GIVES HIM144 words
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BANKING AND FINANCE
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Article, Illustration1938 1985-03-30 5 ALVIN TAY - Restrictions prevent over-exposure to property market Financial institutions are changing gear to meet some tough challenges this year. In the first of a two-part series, ALVIN TAY talks to John Hill, Hongkong Bank's man in Singapore. In Part 1 Mr Hill gives his views1,938 words
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MONEY AND EXCHANGES
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Article, Illustration725 1985-03-30 5 SINGAPORE The US dollar extended its early sharp losses against most major currencies yesterday. It closed sharply weaker at 3.0775/0825 marks compared with New York's 3.1200/30 close and at 2.5900/75 Swiss francs against 2.6400/50. It closed easier at 251.00/50 yen compared with New York's 253.10/25 close. Sterling closed725 words
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Article88 1985-03-30 5 RESULTS of tender held yesterday for: 91-day Treasury bills to be issued from April 1 to April 4. Offered: $130,000,000. Applied for: $136,000,000. Allotted: $130,000,000. Accepted bids: $99.25 approximately 87 per cent higher bids in full. Avenge rate of discount on allotment: 2.980 per cent per annum. o88 words
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Article230 1985-03-30 5 Interbank rates ot 3pm yesterday: r-urmm*J— Nominal rata* Smttheonian Local dollars to qiwtad y» ■tordey a vm parity on* unit of foreign currency: US dollar ***** ***** 2.8196 -21.71 Sterling pound 2 7560 2.7696 7 3469 -62 49 Australian dollar 1.5496 1 5532 3 4286 -54 80 NZ230 words
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Article365 1985-03-30 5 BA Futures FOLLOWING the post-fu-tures cash market gains in CME, Eurodollar futures opened higher at Simex yesterday. June Eurodollar opened at 90.17, 21 ticks higher than previous close and five ticks better than CME. Prices were quickly taken up to 90.22 before profittaking set in. Although fundamentals were bullish,BA Futures - 365 words
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Article66 1985-03-30 5 THE OVERNIGHT rate on the Singapore interbank money market fell by 11/2-point from Thursday to close at 21/2 per cent yesterday. The one, two and threemonth term rates remained unchanged across the board. S$ Interbank rates at 3pm yesterday: Offer Bid Over rxght 2 1/2 2 1-month 566 words
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Article345 1985-03-30 5 Asian market ASIAN dollar deposit rates closed steady yesterday at mixed opening levels in quiet afternoon trading. Short-dates firmed between V» and '/«-point at the start on covering interest due to end of quaiter and month factors. Rates stayed at these levels with weekend closing at 9V« 9Vi and week345 words
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Article217 1985-03-30 5 HONGKONG: The metal closed higher yesterday in active trading reflecting the weakness of the American currency. Dealers said substantial Soviet selling pressured the metal at one stage in the afternoon but it closed at U*****.75/332.25 an ounce compared with New York's $327.00/50 close and the $327.80/328.30 finish here on217 words
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Page 5 Advertisements
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Advertisement92 1985-03-30 5 This announcement appears as a matter of record only. December 1984 BURDET INTERNATIONAL INC. US$ 14,130,000 Secured term loan and performance bond facility to finance the acquisition and conversion of a 230,000 DWT Turbine Tanker. Initiated and arranged by HENRY ANSBACHER AND CO. LTD. Provided by BANK BRUSSELS LAMBERT N.V.92 words
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TIME OFF
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Article477 1985-03-30 6 THERE'S an energetic little chap flying around Singapore called Teamy. His job is to promote productivity through teamwork. He could be usefully employed buzzing between the Ministry of the Environment and the Singapore Tourist Promotion Board and persuading them to pull in the same direction. This week,477 words
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Article, Illustration782 1985-03-30 6 TERESA LIM - Impressive offering from this region in Hongkong's ninth international film festival By TERESA LIM Hongkong Correspondent HONGKONG has established a place in the hearts of film buffs with its annual International Film Festival, now into its ninth year. Although the festival always has a good sampling782 words
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Article, Illustration422 1985-03-30 6 CONCERTS A SOIREE MUSICALE with several SSO musicians Karen LuttikEngert (clarinet), Joost Flach (oboe), Shane Thio (piano and harpsichord), Mitchell Byler (bassoon) and Leslie Tan (violoncello). The programme features a selection of French music from the Baroque to the contemporary. Included will be the premiere performance of Sketches422 words
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Article, Illustration262 1985-03-30 6 A PICTURE of your favourite hawker in Singapore could be your entry to a regional photographic competition to be held in Hongkong this June. The competition, sponsored by Kodak, Tithes Dental and Photo Supply, Cathay Pacific Airways and the Hongkong Tourist262 words
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Article, Illustration490 1985-03-30 6 JEFFREY TSANG - By JEFFREY TSANG THE SANCTITY of the human spirit, the courage to endure for love of God, family and right the good old-fashioned values are all in Places in the Heart. The unflagging human spirit fighting against all odds has universal appeal but since Places490 words
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Article432 1985-03-30 6 STRAWS in the Wind ANOTHER CABINET post has apparently been created, but not in Parliament. Notice of this new "ministry" came from the Trinity Christian Centre, which put up the first "Singing Christmas Tree" at Orchard Road three years ago. The church has come up432 words
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Page 6 Miscellaneous
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Miscellaneous782 1985-03-30 6 CRYPTIC PUZZLE ACROSS 9 He writes (and isn't wrong) about love-making (8) 10 Not an adult drink (3) 11 One repeated the time (6) 12 Making even a U-turn in the drive (6) 13 He's named as the one blown up when planting the explosive inside (7) 14 Club for782 words
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SPORTS
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Article, Illustration817 1985-03-30 7 WALTON MORAIS - By WALTON MORAIS A BOGEY on the final hole prevented Taiwan's Chen Tze Ming from stretching his one-stroke lead in the Singapore Open golf championship after yesterday's second round at the Bukit course. Tze Ming, who had shared a one-stroke first round817 words
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391 1985-03-30 7 AP HALE IRWIN, who has played infrequently and ineffectively since last June, pitched in for a birdie on the 18th hole and took a one-shot lead on Thursday in the first round of the prestigious Tournament Players championship at PonteAP - 391 words
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157 1985-03-30 7 AFP ENGLAND'S Steve Jones plans to attack his own world best in the London Marathon next month. The 29-year-old Royal Air Force corporal will need to beat three former winners if he is to achieve his ambition on April 21. Jones, an airframeAFP - 157 words
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Article, Illustration452 1985-03-30 7 HYPERION - By HYPERION ADIK SAYANG, my top selection last week, got lost in a fast finish. She looked a possible winner at the top of the straight but lacked the turn of foot to match those that made it to the board. With an extra two452 words
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Article336 1985-03-30 7 Reuter FORMER champion jump jockey Peter Scudamore, due to ride Corbiere in today's Grand National in Liverpool, crashed off his mount on Thursday. Scudamore was riding Burnt Oak on the first day of the three-day Aintree meeting in a race over the Grand National fences.Reuter - 336 words
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Article, Illustration324 1985-03-30 7 Agencies SECOND-SEEDED Anders Jarryd of Sweden, fifth-seeded Czechoslovak Tomas Smid and unseeded American Tim Wilkison advanced to the quarter-fi-nals of the US$3BO,OOO Fila Trophy indoor tennis tournament on Thursday. Jarryd and Wilkison easily won their second-round matches at Milan's Lido SportsAgencies - 324 words
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Article162 1985-03-30 7 AP THE DISCIPLINARY commission of the English Football Association deferred its verdict on Thursday on Britain's worst soccer game riot until after the government says what it thinks about an association report on the hooliganism problem. During the day, Prime Minister Margaret Thatcher and senior ministersAP - 162 words
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Page 7 Miscellaneous
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Miscellaneous1233 1985-03-30 7 W sm Liiii)JU HIGHLIGHTS Centrestage The Importance Of Being Ernest 8.30 pm, Channel 12 An Oscar Wilde play about two wealthy and eligible bachelors, Jack Worthing and Algernon Moncrieff, who are both in love: Jack with Miss Gwendolen Fairfax, Algernon's cousin, and Algernon with Miss Cecily Cardew, Jack's ward. Both1,233 words
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Miscellaneous24 1985-03-30 7 LCFT \'m GtPO v CP\m£. PvBROPvD fcR my V4OUDRY \T'S Pv ComPuE.Te.LV DiFF6.R6.NT UiORL-D —< rT--^! J LOOK tonnv p for exp*popLe -"Oc sL' 024 words
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INTERNATIONAL STOCKS
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219 1985-03-30 8 AP AN INVESTOR group led by Texas oilman T Boone Pickens Jr is considering seeking control or restructuring Unocal Corp, an international oil company with sales of US$ll.5 billion. On Wednesday, the group, known as Mesa Partners 11, said it had bought 6.7AP - 219 words
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Article282 1985-03-30 8 Reuter INVESTORS are taking a fresh look at Boeing Co because of its growing role as a military supplier, but uncertainty about the US defence budget and troubles in the airline industry are clouding the aerospace manufacturer's stock outlook. Boeing has become a key militaryReuter - 282 words
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318 1985-03-30 8 WALL STREET celebrated a visit by President Reagan on Thursday with a morning surge in prices but by the afternoon the novelty had worn off and prices closed generally mixed. The Dow Jones Industrial average shed 4.20 points to close at 1,260.78. However,318 words
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Article150 1985-03-30 8 MAR 28 AMibi c$ 55* Imp 04 Inco Int Pro* P*>e 51% 18 37% 1% Alcon 34'% -1 I6S uncH Aigomo Argoen Hdgs Bonk Mont Bonk No*o Scotio BeK Conodo 21% 19 26 12V. 39% unch unch Loblow B Money Ferg Mc Blodel Motion A 17 3 25% 16150 words
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Article215 1985-03-30 8 MAR 28 Rand Uravec Wodworlh 480 1300 unch unch INDUSTRIALS minings A Alpha 710 10 Abercom A£ And CI 135 730 unch unch Anglos Anglvool ***** 50 7 75 5 Amaprop AMJC 350 2200 unch 10 Btyyoors Buff eh 8000 5 unch 3 Cons Gold 1250 50 CMA 240215 words
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Article705 1985-03-30 8 MAI 28 USS Ale on Akxnm 25* •1 Akoo 34* Allegheny Lud 26 s Afced Chem Cp 37* Alhed Stores 57V, unch Afcs-Chotmers 7* Am Brandt Inc 69V. Am Broadcost 104* Am Can Co 52* Am Cyanamd 50V. 2 Am Elec Pwr 21* Am Express 41* Am Home705 words
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Article901 1985-03-30 8 Amsterdam MA It 28 Fh ABN 404 00 1 Aegon 186 50 1 Ahold ***** -0 3 Akzo 110 50 07 AM£V 216 60 0 1 Amfo* Amro Book 74 30 -0 9 Bcrfccl 52 00 1 3 Boh 110 00 unch Bonumi 342 50 +2 Boikok* Bur901 words
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Article46 1985-03-30 8 Reuter ENTRAD CORP of Australia is making an increased final offer few Tootal Group PLC of 72.5p cash for each Tootal ordinary share to replace the previous offer of 70p. The bid is being made by Entrad's UK subsidiary, Entrad Inestments (UK) Ltd. ReuterReuter - 46 words
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Page 8 Advertisements
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Advertisement395 1985-03-30 8 Wi Tsmmm mm m Pi m K iF.P wyv 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 30 She You Boutique Price: $12 tor adults and $10 for children Prices sub/ect395 words
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Advertisement162 1985-03-30 8 Stockholm prico* unavailable London ttocka, 'I'a Cf m V LOHMgE Sip a glass of the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with versatile quartet, Body n Soul from Philippines. They'll captivate you! Happy Hours: Spa 7pai, 25% off oa162 words
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ASIAN STOCKS
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Article310 1985-03-30 9 HONGKONG: Share prices closed sharply higher yesterday in active trading as buying interest emerged. The Hang Seng Index rose 29.14 to 1,382.04. Volume was HK5216.12 million compared with $146.48 million on Thursday. Jardine Matheson, which reported an attributable loss of $918 million for 1984, rose 35 cents to $9.35.310 words
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Article141 1985-03-30 9 BANGKOK: Share prices closed higher in quiet trading yesterday. The Book Club Index rose 0.41 to 130.95 with gainers leading losers by a small margin. Turnover rose to 649,005 shares worth 130.8 million baht from Thursday's 454,153 shares worth 64.8 million baht. MAI 29 Aokham Thai Mti Skxti Cement141 words
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Article408 1985-03-30 9 TOKYO: An early morning rally failed to sustain itself yesterday as investors grew wary of the fast pace of recent gains, and share prices fell in active trading, dragging the market average below the 12,600 mark again. The market average slid 23.26 to 12,580.76 after touching a record high408 words
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Article99 1985-03-30 9 MANILA: Share prices closed generally firmer in dull trading yesterday. The Mining Index rose 1.89 to 693.33 and the Oils Index 0.008 to 0.607 while the Commercial A Industrial Index eased 0.07 to 132.48. MA* 29 Acoje Mining Nw 0 0014 1 unch uneh unch -0 25 Mareteei Oriental99 words
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Article332 1985-03-30 9 SYDNEY: Gold and commodity stocks closed firmer on the markets yesterday in line with higher gold prices and rumours of financial troubles in Brazil. The All Ordinaries Index closed at a record high of 829.6,3.6 points up on the day and 0.2 above the record set on Wednesday. The332 words
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Article74 1985-03-30 9 MAR 29 Bank Saoti Won 600 13 Hyundai Corwt Hyundai Motor KAL 903 567 660 645 +2 +2 10 Chohaung Bk Commaroai Blc...... 575 640 -6 -4 -2 +4 5 Korao Oi Korao She 1750 344 •250 +2 Daewoo Corp 454 547 Lucky Ltd 606 720 -2 -I 49074 words
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Article183 1985-03-30 9 AP TWO JAPANESE companies are considering investing in Alabama to join other Japanese companies already operating in the state. Kozo Ogi, one of Alabama's two trade representatives in Japan, took officials of a Japanese company on a tour of the state on Thursday. He said theAP - 183 words
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523 1985-03-30 9 Reuter ROADS, bridges and rail crossings are breaching the border that divides Hongkong and Shenzhen special economic zone as the British colony's free-wheeling style of capitalism spills into south China. More than 12 million people crossed the border last year while trucks and trainsReuter - 523 words
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Article160 1985-03-30 9 Reuter JAPANESE carmakers Nissho Iwai Co Ltd and Mitsubishi Motor Corp have asked the Philippine Board of Investments (BOI) to allow them to acquire jointly the equity they do not already own in Canlubang Automotive Resources Corp (Carco). Carco officials say the two companies will issueReuter - 160 words
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Article73 1985-03-30 9 Renter TOYOTA South Africa Ltd will not be able to maintain the same level of profitability this year as in previous years because of the poor state of the economy. Chairman Albert Wesse Is said in his annual report that it would be aRenter - 73 words
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Page 9 Advertisements
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Advertisement647 1985-03-30 9 at m j m r f: With -5 m r 6 J Wm v. n z ii ir.V NOW r. i n.-VH l .5 Paramount HotelWhf th» happy p*opi* go U if. "I ST7 «L« i COCKTML LOUNGE I Experience a new and refreshing concept in cocktail lounge entertainment. Experience647 words
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Advertisement131 1985-03-30 9 Jacks Place thi' uncM,ii'» 'Vj. d st- ik hous*• i.i to .v" Come try our Fillet Steaks -all air-flown from New Zealand tm tp HOTEL NUMNAH Ttl *****01 ■'1 1 1l |1 Kilton Ttl: 7371 Aug Na Kb Turn CMlrt Avt. 6. Tat: *****77 ZCHL Listen to Great \'ew Sounds131 words
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SHARE INFORMATION
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Article, Illustration4248 1985-03-30 10 PLANTATION counters were the main attraction at the Singapore stock market, which finished on a mixed note yesterday. The plantation sector accounted for 11.6 per cent of total turnover yesterday (in terms of shares) compared with 6.2 per cent the day before. Gainers led4,248 words
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Article258 1985-03-30 10 SINGAPORE Rises Indices M Floor 380 Sol Cocooon 320 ftooctoodco 200 Kootodif Spor. 318 Looof Hoot 179 OUI 390 NOl 168 Cons Plant S0« 290 FAN 530 Em Yon Sang 270 lotraco 218 Dw*k> Est 159 Falls 52 37 32 18 11 10 +8 +6 +5 5258 words
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Article3301 1985-03-30 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".3,301 words
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Page 10 Advertisements
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Advertisement12 1985-03-30 10 KL market report and Buainaaa dona on tha KL3E Saa paga 1112 words
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COMPANY NEWS
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Article860 1985-03-30 11 HOTEL Properties Ltd: This owner of the flagship Hilton Hotel in Orchard Raod suffered the same fate as its counterparts by posting a 23.4 per cent drop in group pre-tax profit to $6.18 million ($8.07 million) in spite of a marginal 2.7 per cent rise in turnover to860 words
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Article340 1985-03-30 11 GENERAL LUMBER (HOLDINGS) Berhad: Twenty-second AGM at The Dewan Bentara, Hotel Dayang, off Jalan Barat, Petaling Jaya on on Mar 30 at 9.30 am. MING COURT HOTEL Limited: Seventeenth AGM at Ming Crystal Room, Ming Court Hotel, 1, Tanglin Road, Singapore 1024 on Mar 30 at 12.15 pm.340 words
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Article99 1985-03-30 11 EXXON CORP's Esso Malaysia Bhd reported af-ter-tax net profit from petroleum and ammonia operations of M 558.7 million in 1984, down from $69.6 million a year earlier. The lower profits were due to a decline in petroleum product prices in the region and reduced sales of99 words
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Article98 1985-03-30 11 HONGKONG Han9 Seng Index Friday 1382.04 Thursday 1352.90 Week ago 1360.69 TOKYO Tokyo Dow Jones Friday *****.76 Thursday *****.02 Week ago *****.60 Australian Industrials Friday 1191.4 Thursday 1187.3 Week ago 1174.2 NEW YORK Dow Jones Thursday 1260.78 Wednesday 1264.91 Week ago 1268 22 Standard Poors Thursday 179.54 Wednesday98 words
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Article1064 1985-03-30 11 THE LONDON stock market opened mixed yesterday but with a slightly easier bias in quiet trading. The FT-SE 100 share index at 1000 GMT was down 3.4 points at 1,283.7 while the FT 30 Index lost 2.7 points to 975.4. Government bonds gained up to 3/16 point as1,064 words
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549 1985-03-30 11 CHAN OI CHEE - By CHAN OI CHEE TRADITIONAL gas manufacturer Dah Yung Investment Ltd, which has been in an expansive mood since acquiring a new identity, is making a glittering entry into the jewellery business. The company entered into an agreement yesterday to acquire a 20 per549 words
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504 1985-03-30 11 TERESA LIM - By TERESA LIM Hongkong Correspondent JARDINE MATHESON Holdings will sell its Jardine offshore group and any assets that do not qualify as "core businesses", in a bid to trim the group back to its trading origins. Jardines chairman Simon Keswick disclosed this at a press504 words
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131 1985-03-30 11 CHEUNG KONG Holdings Ltd and its 40 per cent held subsidiary Hutchison Whampoa Ltd, are expected to report lower 1964 profits on Monday. Cheung Kong's profits after tax will be about HK$25O million to $350 million against $409 million in 1963, while Hutchison's131 words
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Article220 1985-03-30 11 Managers' prices for March 30 April 1 Singapore Unit Truat The Commerce 2.16 2.29 The Savings Fund 1.50 1.59 S'pore Prog Fund 0.92 0 97 S'pore Sec Fund 1.36 1.44 S'pore Invest Fund 0 94 1.00 S'pore Equity Fund 0.93 0 98 Aaia Unit Truat MARA-Bumiputra First B'putra220 words
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418 1985-03-30 11 SHARE PRICES finished on a slightly easier note at the Kuala Lumpur stock market yesterday in another round of dull and featureless trading. Price movements were generally limited to a few cents each as investors once again took to the sidelines on lack of418 words
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Article2384 1985-03-30 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. MDUS TRIALS Ajmomoto (3.705) A Choc (I) 2 41 (1)22,384 words
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YESTERDAY IN PARLIAMENT
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518 1985-03-30 12 THE RECOVERY of the property market is necessary for the local economy to continue its growth, Trade and Industry Minister Dr Richard Hu said yesterday. Wrapping up the debate on the Trade and Industry Ministry's budget, Dr Hu said the fundamental518 words
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259 1985-03-30 12 THE APRIL 1 INCREASE in the foreign workers levy to $250 per worker a month has been deferred until October. Employers will continue to pay the present rate of $200 a month for each unskilled foreign worker until then. After that, they259 words
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Article210 1985-03-30 12 A PUBLIC rally on the values Singaporeans wanted was suggested by Mr JB Jeyaretnam (Anson) and backed by Mr Goh Chok Tong, First Deputy Prime Minister, yesterday pending security approval. But Mr Goh noted that Mr Jeyaretnam's 20-minute speech on human values was "simply210 words
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Article173 1985-03-30 12 IT LOOKS LIKE the National Wages Council is here to stay, Acting Labour Minister Lee Yock Suan hinted yesterday. Instead of wanting to phase out the 13-year tripartite body, Mr Lee suggested that unions and managements should make it more responsive to market forces.173 words
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383 1985-03-30 12 THE GOVERNMENT has a $24.5 million reason to minimise cash transactions. That is the sum it expects to save in terms of manpower cost. Deputy director of the Finance Ministry's management services department, Mr Lau Kim 800, said an estimated two million working383 words
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455 1985-03-30 12 SHAHRIR ARIFF - By SHAHRIR ARIFF NEW ZEALAND will not change its decision to remove Singapore from the list of countries under its Generalised System of Preferences scheme from July 1. But this should not reduce Singapore's exports to New Zealand because the amount455 words
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191 1985-03-30 12 THE Central Provident Fund Board has, since January, been crediting interest to members whose employers were charged interest penalties for late payments. Interest for these members was calculated at 6.5 per cent per annum, Acting Labour Minister Lee Yock Suan said. Other steps to191 words
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429 1985-03-30 12 MEMBERS will probably be taking out more money from the Central Provident Fund than they put in by the year 2013, based on the calculations of Trade and Industry Minister Dr Richard Hu. By that time, the size of the429 words
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518 1985-03-30 12 BRIAN GOMEZ - By BRIAN GOMEZ MALAYSIA is counting on the private sector to sustain a high level of economic growth during the remainder of the 1980s, although private investment in recent years has performed below expectations. This was one of the major points to518 words
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Article169 1985-03-30 12 Berna- THE MALAYSIAN government is reviewing laws and regulations on investment, Deputy Prime Minister Datuk Musa Hitam said yesterday. The results of the review would be known in a few months' time, he told Mr Lee Lam Thye in the Dewan Rakyat. He added that any amendmentsBerna- - 169 words
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223 1985-03-30 12 THE AVERAGE VISITOR to Singapore is likely to be a male holidaymaker, aged about 37. According to latest statistics from the Singapore Tourist Promotion Board, the tourist is also likely to take a flight here and spend an average of 3.6 days223 words
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Article64 1985-03-30 12 Reuter WALL STREET stock prices were higher early yesterday, with analysts expecting a generally bullish day, as investors digested the most recent batch of economic data, including a 0.7 per cent rise in February's US lading economic indicators. The Dow Jones industrial average was up almost threeReuter - 64 words
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LATE FILE
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Article46 1985-03-30 12 Reuter THE US index of leading indicators rose a seasonally adjusted 0.7 per cent in February, moderating the previous month's sharp rise. The Commerce Department said yesterday that it had revised its January rise to show a more modest gain. ReuterReuter - 46 words
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Article46 1985-03-30 12 Reuter PRESIDENT Ferdinand Marcos said yesterday that the Philippine economy is facing better prospects and on the road to recovery. He told a group of Filipino and Chinese businessmen that the economy could register a positive growth rate this year. ReuterReuter - 46 words
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Article52 1985-03-30 12 Bernama MALAYSIA may allow traders and sogoshoshas to make private visits to China to secure more export markets. Deputy Trade and Industry Minister Haji Muhyiddin Yassin said yesterday that the present "open door" policy practised by China provided greater opportunities for better bilateral tradeBernama - 52 words
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Article62 1985-03-30 12 AFP FIRE RAGED ON yesterday at a US-owned oil rig off the island of Madura as experts from Indonesia's Pertamina oil company were on site mapping out measures to curb the blaze. A spokesman could not say how much oil had beenAFP - 62 words
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Article43 1985-03-30 12 Reuter TRADING on the Bombay Stock Exchange has been suspended. Exchange executive director M R Mayya said yesterday that India's Finance Ministry ordered the suspension, in a move to head off a payments crisis caused by heavy speculative buying. ReuterReuter - 43 words
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Article60 1985-03-30 12 Reuter A Lufthansa airlines jet with 106 people on board was hijacked on a flight from Hamburg to London yesterday morning and is now parked at London's Heathrow Airport. A Lufthansa official said the single hijacker has refused to let passengers and crew off the Boeing 737Reuter - 60 words
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Page 12 Advertisements
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Advertisement175 1985-03-30 12 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, Eastern Shipping Trading Company (Pte) Ltd., or 50 Jalan Sultan, #05-04/05, Jalan Sultan Centre, Singapore 0719 hereby give notice that In consequence of our intended purchase, we have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant175 words
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Advertisement295 1985-03-30 12 NATIONAL UNIVERSITY OF SINGAPORE k 1 H 11 ADMISSION TO POSTGRADUATE COURSES, 1985-6 AupMcaMona are Invited for admiaaion to the lo*owtnq postgraduate courses In the 1965-6 academic year (commencing 1 July 1985): Part-time and Full-time M.B.A. Part-time Dip. Bus. Admin. ADMISSION REQUIREMENTS (1) M.BA. Candidates for the M.B.A must (i)295 words
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Page 12 Miscellaneous
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Miscellaneous56 1985-03-30 12 Outlook for today: Partly cloudy; showers in several areas in the late afternoon. Report for 24 hours prior to 7 30pm on March 79 at the oirport: Maximum temperature 33.2 Associated humidity 66 Minimum temperature 25.0 Associated humidity 98 Hours of sunshine 7.55 Rainfall in millimetres Trace Rainfall this month56 words
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