The Business Times, 13 April 1985
1985-04-13
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The Business Times
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Title Section12 1985-04-13 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, APRIL IS, 1185 60 CENTS12 words
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Article666 1985-04-13 1 RAMESH CHANDIRAMANI - Singapore-registered shareholders cannot subscribe for HKs77sm issue By RAMESH CHANDIRAMANI ALL SINGAPORE registered shareholders of The Hongkong Land Company Ltd have lost their chance to subscribe for the company's HK|775 million rights issue of preferred ordinary shares with detachable warrants. With hundreds of other666 words
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807 1985-04-13 1 NAJEEB JARHOM - By NAJEEB JARHOM THE KEPPEL group, in a no-nonsense move to ensure that it returns to profitability within two years, has decided to absorb a crippling $145.5 million in write-downs, mostly on ships last year, and has produced one of the worst annual807 words
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242 1985-04-13 1 MCA split again two months after peace pact Reuter WRANGLING over elections has again split Malaysia's largest ethnic Chinese party, just two-and-a-half months after its two rival factions signed a peace pact. The dissident faction led by millionaire businessman Tan Koon Swan has again accused Datuk Neo Yee Pan, actingReuter - 242 words
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Article, Illustration59 1985-04-13 1 YESTERDAY'S market continued to be unex citing and even agonising to mast brokers and Investors. Share prices drifted tower to thin trading. The BT Composite Index feU 3.71 points to 717.82 while the ST Industrial Index dropped 3.12 palate to 8M.23. Volume wm thin at 7.44 millton shares59 words
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Article406 1985-04-13 1 DBS BANK yesterday became the first local bank to announce a cut in Its deposit and lending rates, a move expected to trigger similar action by other banks in the latest round of rate reduction. The quarter percentage point cut, effective from Monday, will provide406 words
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181 1985-04-13 1 Bernama PRESIDENT Marcos said yesterday that certain unresolved differences between Malaysia and the Philippines had not marred ties between Kuala Lumpur and Manila. He said it was no secret that some issues affecting Malaysia and the Philippines remained to be fully resolved toBernama - 181 words
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160 1985-04-13 1 IN BT of Friday, April 12, 1985, it was reported under the headline "Fate of Eastern Watch in the hands of High Court" that a winding-up petition by Hill Samuel was to be heard yesterday. This was an erroneous report as a winding-up petition160 words
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Article376 1985-04-13 1 LAWYERS acting for Hill Samuel have informed us that the winding-up petition was withdrawn on Monday, April 8, following payment in full by Eastern Watch on March 26 of a $200,000 balance due plus costs. However, the withdrawal had not been recorded in the Cause376 words
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56 1985-04-13 1 Reuter JAPAN has decided to take part in the preliminary stage of designing a US space station. Officials in Tokyo said yesterday that the chiefs of Japan's Science and Technology Agency and US National Aeronautics and Space Administration would sign a memorandum onReuter - 56 words
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Page 1 Advertisements
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Advertisement102 1985-04-13 1 ASIAPRINT '85 4th International Exhibition of Printino, Gfaphic Aits Equipment Supplies. ASIAPRINT JUNE 20-23 WTC S PORE STANLEYS CO (PTE) LJD Sole Agent for /fimnu Golf Equipment proudly announces the opening of their new showroom at 68 Orchard Road #03-22 Plaza Singapura Singapore 0923 Tel: *****46 Now you can expect102 words
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Advertisement331 1985-04-13 1 BT presents BILLBOARD a new and improved guide to leisure activities in Singapore. Watch out for it every Saturday in the TIME-OFF page. 8m Page 6 Chairman's statamant, Paga 11 wm ABOUT 200 tenants at Parkway Parade will stop paying rents in an attempt to pressure their landlord into reducing331 words
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Advertisement145 1985-04-13 1 Full report, Pag* 10 Asian stocks, Pag* 9 Intl stocks, Pag* 8 Wishful thinking? No! Wayfoong thinking For most of us, the buying of a new car is one of the largest purchases we'll make in our lifetimes. Almost everybody needs help in a loan to make their new car145 words
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Advertisement20 1985-04-13 1 ASIAPACK '85 4th International Exhibition of Packogino Machinery ||kly 1 Materials And Food Processing Machinery JUNE 20-23 WTC S PORE20 words
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HOME NEWS
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474 1985-04-13 2 SHAHRIR ARIFF - Breach of contract, says management By SHAHRIR ARIFF ABOUT 200 tenants at Parkway Parade will stop paying rent, beginning this month, in an attempt to pressure their landlord into reducing rental rates. But Parkway Properties, the owner of the building, has warned that it474 words
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Article, Illustration442 1985-04-13 2 JUNE LIM - By JUNE LIM A LEADING Japanese line has decided to team up with Neptune Orient Lines and Orient Overseas Container Line to provide an eastbound round-the-world service. Kawasaki Kisen Kaisha, more commonly known as 'K' Line, will participate in the global service by the middle442 words
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156 1985-04-13 2 PEOPLE who sell glue and inhalants should be careful that their customers are not children. They should tell parents if children bought such products regularly, said Mr K S Rajah, vice-president of the Singapore Anti-Nar-cotics Association. Mr Rajah was speaking at the opening156 words
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510 1985-04-13 2 WIDOWED or divorced persons who are the sole occupants of Housing and Development Board flats will not be forced to move out of their homes. But they will probably be the only "singles" allowed to live alone in HDB flats as the510 words
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289 1985-04-13 2 A FOUR-MAN TEAM has been formed by the Singapore Democratic Party to look into the government's offer of a piece of land in Yishun New Town for the SDP to build four blocks of flats. Mr Chiam See Tong, the Opposition289 words
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376 1985-04-13 2 CANON Marketing Services has appointed DTS Singapore as its authorised dealer for the new Canon A-200 personal computer. The A-200, introduced in Japan, US and Hongkong earlier this year, is the first series developed by Canon that is operationally compatible with IBM. About 20,000376 words
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Article78 1985-04-13 2 THE Institution of Production Engineers has elected the following members to head its committee for 1985/86: Mr Hoon Bee Kuan as chairman and Professor V C Venkatesh as vicechairman. Dr Edmund Cheung, Mr Allan Ang and Mr Lee Yum Fun as secretary, asst secretary and treasurer respectively. Committee78 words
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167 1985-04-13 2 THE Asphalt Premix Division of the Resources Development Corporation (Pte) Ltd recently clinched contracts worth a total of $10.4 million. The first of the three contracts, now under way, called for the resurfacing of Changi Airport's Runway One System and associated electrical works. This 10-month167 words
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127 1985-04-13 2 THE RESOURCE Development Corporation (RDC) is one of 39 international contractors pre-qualified to tender for a major highway improvement project in Sri Lanka. The proposed Highway Betterment Project for the rehabilitation of Colombo will involve improvements to about 111 km of the existing road127 words
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420 1985-04-13 2 A BETTER retrenchment package offered by American typewriter manufacturer, Smith Corona, to its redundant workers yesterday may soon end its dispute with their union. In a closed-door reconciliation meeting at the Labour Ministry, the US multinational offered to raise between five and 15 percentage420 words
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Article157 1985-04-13 2 MOTORISTS will be able to breeze along the 11 km Bukit Timah Expressway from Woodlands New Town to the Pan Island Expressway by November. So far, 85 per cent of the earthworks and six of the 13 bridges have been completed. More than half the expressway has157 words
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Article973 1985-04-13 2 AT CONVENTIONAL WHARVES MARINA WHARVES Unison III M2A alongside 13.4/2300 VMM 1 Berth Arrival Departure Rezeki/B MIB 13.4/0800 13 4/1900 KEPPEL WHARVES 8'tang Palapa M38 13.4/0700 13.4/1500 K35 K15 alongside alongside 13.4/1830 13.4/0600 Johan M4 13 4/1700 14.4/0700 Beniomos Fengyon L Sena Hin 3 Moju Brooke 1973 words
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OVERSEAS
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306 1985-04-13 3 Reuter US RETAIL sales last month suffered their sharpest decline for more than seven years, and a senior government official said the Reagan administration's 1985 growth projection might be hard to meet. The Commerce Department said on Thursday that retail sales fellReuter - 306 words
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276 1985-04-13 3 AFP CONTRASTING VIEWS on the introduction of new technology into industrialised societies have emerged at a major conference in Venice, with the US favouring free play for market forces and Western Europe emphasising the need for measures to cushion the impact on workers. InAFP - 276 words
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Article144 1985-04-13 3 Reuter THE TEMPO at which the Soviet Union is moving in the current five-year plan period is not sufficient. Soviet leader Mikhail Gorbachev was quoted by the official news agency Tass yesterday as telling senior industrial and agricultural managers that "whoever is producing goods upReuter - 144 words
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313 1985-04-13 3 AFP CONCESSIONS by New Delhi to the Sikh political party may help ease tensions as its leaders meet to discuss the next step in their turbulent campaign for autonomy. But the Sikh holy city of Amritsar was under tight security on the eveAFP - 313 words
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211 1985-04-13 3 UPI POPE JOHN PAUL H yesterday said the Church must bear in mind "the principle of compassion and mercy" in dealing with "difficult cases" such as divorced Catholics who remarry. But at the same time, he said, the Church did not accept and could notUPI - 211 words
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Article123 1985-04-13 3 UPI A LETTER printed In a respected medical journal on Thursday detailed the case of a young model who dieted until she weighed 38kg and then consumed 9kg of food in a single meal that killed her. The letter in the "Lancet" journal said theUPI - 123 words
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Article725 1985-04-13 3 ARRIVALS Operator Scrvic* number Local tima From MAS MAS CAL RBA SIA AC CPA GIA SIA SIA THAI SIA MAS GIA SIA MAS SIA GIA THAI SIA GIA THAI SIA SIA SIA KLM CPA MAS MAS SIA UTA ;SIA GIA SIA SIA SIA Al JAL PAL SIA725 words
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263 1985-04-13 3 AP THE US disputed a Chinese assertion that it had assured Beijing that American warships visiting China would not be carrying nuclear arms. "We have given no assurances to the Chinese, as reported in the press, that the proposed US shipAP - 263 words
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402 1985-04-13 3 EEC under pressure to set date for negotiations AFP THE US and France clashed over trade issues in Paris yesterday as the European Economic Community (EEC) came under strong US pressure to set a date for a new round of multilateral trade negotiations underAFP - 402 words
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Article228 1985-04-13 3 UPI AMERICAN Secretary of State George Shultz, calling protectionism an illness rather than a remedy to trade imbalances, has praised Japan's new moves to encourage imports but said "specifics must come" soon. "On the basis of current trends, the US will soon become a largeUPI - 228 words
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Article68 1985-04-13 3 Reuter PRESIDENT Reagan has announced the creation of two new Cabinet-level bodies to streamline policy development and decision making. The Economic Policy Council and the Domestic Policy Council will replace the seven existing Cabinet councils and the senior inter-agency group on international economic policy. TogetherReuter - 68 words
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Article, Illustration369 1985-04-13 4 Datuk Musa warns opposition parties Bernama ACTING Prime Minister Datuk Musa Hitam warned that any attempt to pull Sabah out of Malaysia was against the constitution. He pointed out in Keningau on Thursday night that certain opposition parties were trying to influence the people byBernama - 369 words
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WORL IN BRIEF
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Article55 1985-04-13 4 THE UNITED STATES appears to have decided, at least temporarily, not to provoke a further round of conflict over steel imports with the European Economic Community. Washington had threatened to impose countervailing duties on US imports of semi-fin-ished steel products from the Common Market if the EEC did55 words
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Article87 1985-04-13 4 SIX SOUTH KOREAN nationals will appear in court in Arizona next week charged with smuggling fellow countrymen into the US through Mexico, Federal officials said. US immigration service regional commissioner Harold Ezell alleged that the illegal aliens some posing as karate teams heading for competition were flown from87 words
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Article50 1985-04-13 4 AN INDONESIAN state-run papermaker, Kertas Kraft Acech, has ordered what will be Indonesia's first full-scale paper mill from Hitachi Zosen. Under the US$26O million contract, the Japanese company will construct the plant, with an annual production capacity of 135,00 tonnes of Kraft paper, in Acech on Sumatra island.50 words
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Article57 1985-04-13 4 JAPAN'S economy will grow 3.7 per cent per annum over the next 10 years. A Tokai Bank study also said Japan would achieve a nominal 5.1 per cent growth and a 3.7 per cent expansion in real terms over the coming decade with its gross national product expected57 words
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Article55 1985-04-13 4 A THAI Foreign Ministry spokesman welcomed the US State Department's decision not to rule out military aid to the Cambodian resistance. He said such aid would help achieve a political solution to the Cambodia problem. Washington, which gives humanitarian aid to civilian followers of the resistance, previously said it55 words
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Article73 1985-04-13 4 A POWER ROLLER was used to crush 8,000 fake French Cartier watches with a face value of US$3 million in La Chaux-De-Fonds, the birthplace of Swiss watchmaking. The scene was shown "live" on television at the Basle Fair where the European watchmakers' and jewellers' fair is being held.73 words
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Article35 1985-04-13 4 Agencies KING HASSAN of Morocco has named a new 30-member Cabinet from centre-right majority Members in Parliament, retaining Prime Minister Mohamed Karim Lamrani and 19 other ministers from his previous government, officials said.Agencies - 35 words
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285 1985-04-13 4 Reuter MALAYSIA'S Parliament has approved controversial legislation allowing the national oil company Petronas to venture into other businesses besides pe-troleum-related activities. A bill to amend the Petroleum Development Act (1974) retrospectively and give Petronas wider business scope was voted in by theReuter - 285 words
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419 1985-04-13 4 AFP TAIWAN'S intelligence chief yesterday told a court that he might be morally, but not legally, responsible for the murder of anti-Taipei writer Henry Liu, and admitted making mistakes over the affair. Vice-Admiral Wong Hsi-Ling, on trial as an accomplice in the murder case,AFP - 419 words
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298 1985-04-13 4 AFP TWO NEWLY-FREED dissident leaders who had been detained on orders of President Ferdinand Marcos said yesterday that the chief executive deserved no thanks for ordering their release from prison. Lean Alejandro, 24, and Jose Virgilio Bautista, 27, also vowed to "continueAFP - 298 words
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169 1985-04-13 4 Reuter BRITISH bank base lending rates should fall to around 12 per cent by the middle of thi£ year and to around 10 per cent in the final months of 1965, National Westminster Bank PLC chief economist David Kern said. Writing inReuter - 169 words
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Page 3 Advertisements
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Advertisement35 1985-04-13 3 V\l I \\m \m KI irn; 1n >m Nini;ap» >rr I< l Ili 'in; k> >n>_; 11 Is\ 11, lin Ano It"v I It>n<>!uln. Sin 1 miuim ii \ru > tmk For Updated Information, Call *****1135 words
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Advertisement261 1985-04-13 3 Your seat request form in Business Class is now good for all Swissair destinations, and so of course for those in Europe. n To: Miss/Mrs./Mr. In booking my flight please arrange for: Window seat. Aisle seat. Smoking compartment Non-smoking compartment .J L Swissair has a good reason for giving you261 words
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Page 3 Miscellaneous
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Miscellaneous28 1985-04-13 3 Ooonesbury m wm. at m Sfii A m >% m 1 A* f9 I m m 2 m m m i I t\ H I *1 BY GARRY TRUDEAU28 words
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RAW MATERIALS
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Article143 1985-04-13 4 Chinese Produce Exchenge (Setter*' noon dosing prices on Aor 12. SS/100 kg). Coconut oil Bulk FOB 155.00 Oid drum FOB 168 00 New drum FOB 172.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gombier FOB NSW 477 50 396.00 248 00 330.00 Copra Mixed143 words
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Article283 1985-04-13 4 Singapore C-l Ord unq (S$/kilo, ex-godown) Loonzain Rice Fragrant new crop »st 0 86 2nd O AA 100% 1st grade 100% 2nd grade 100% 3rd grade unq 227 unq 3rd 0 60 Parboiled Rice New Crop 5% 227 25% no stock 10% 222 10% Thai Broken no stock Maize283 words
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Article91 1985-04-13 4 THE KnftU Lam par Tin Market price rese 33 cents to M 129.71 per kg yesterday, bat was still within the ITA lewer range of $29.15 and $32.M. The buffer stock manager maintained snppert at that level, taking meet of the 143-tonne disposal against 1(8 on Thursday. Small91 words
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Article157 1985-04-13 4 Yarn (In HK$ 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, hank Blue Phoenix 21's 2,900 Combed yarn, cones Blue Phoenix 32's 4,350 Blue Phoenix 40's 4,500 Open-end yarn Blue157 words
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Article168 1985-04-13 4 SINGAPORE The market closed easier yesterday with May One RSS buyers quoted at 174.00 cents a kg, down 2.50 cents from Thursday night. Prices lost about 2.25 cents in quiet morning trading following lower overseas advices and a general lack of trading interest. MALAYSIA Prices weakened further yesterday to168 words
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Article370 1985-04-13 4 RAS prices in S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 172 50 173 50N 172 00 173 OON kit 1 RSS May 85 174 50 175 00 ***** 174 50 Int 1 RSS June 85 177 75 178 25370 words
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Article148 1985-04-13 4 PRICES closed firmer on the Malaysian crude palm oil market yesterday. Trading was quiet with light covering and speculative buying supported by a higher close on the Chicago soybean complex. April deliveries in the central and south regions firmed MJ22.50 and (20 respectively to $1,500 per tonne, while148 words
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Article126 1985-04-13 4 SOYBEAN futures closed near their session highs on the Chicago Board of Trade on Thursday. Prices ranged from 6-3/4 to three cents per bushel higher. May settled at $6.08 after trading in a 4-1/2 cent range. A sharp rise in soybean oil futures on improved world demand for edible126 words
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Article119 1985-04-13 4 WHEAT futures contracts closed mostly 1/2 to 1-1/4 cents a bushel higher on the Chicago Board of Trade on Thursday. May settled 2-1/4 cents lower at $3.64-1/2 after trading in a 5-3/4-cent range. Weakness in May continued to reflect local and commercial selling. Concern for shrinking deliverable soft red119 words
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Article108 1985-04-13 4 (cents/kg, 1-ton pallets) MAY 85 JUNE 85 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 174 50 176 50N 176 50 178 50N SSR 50 172 50 174 50N 174 50 176.SON MRELB Buyers Sellers Buyers Sellers SMR CV 222 00 224108 words
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Article781 1985-04-13 4 COFFEE Robusta futures extended midday losses on Thursday afternoon, with prices closing at the lowest levels since the end of June last year, basis the second July position. Contracts ended £58 to £50 a tonne lower, with July at £2,155, down £54. Afternoon losses reflected trade and commission781 words
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BANKING AND FINANCE
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Article, Illustration920 1985-04-13 5 SINGAPORE The local dollar closed firmer at 552.2125/45 against the US currency compared with Thursday's close of $2.2165/85 and at 5528.35/40 per HK$lOO against 28.40/45 but was softer at 5589.15/30 per Msloo against 88.55/65. The US dollar closed narrowly mixed against major currencies. Dealers said sentiment for the920 words
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Article49 1985-04-13 5 .RESULTS of tender held yesterday for 91-day Treasury bills to be issued from April 15 to April 19. Offered: $140,000,000. Applied for: $173,030,000. Alfotted: $140,000,000. Accepted bids: $99.26 approximately 75 per cent; higher bids in full. Avenge rale si dlscsuit so sllstmeat: 2.955 per cent per annum.49 words
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Article72 1985-04-13 5 THE OVERNIGHT rate on the Singapore interbank money market rose by 11/4-point from Thursday to close at 41/4 per cent yesterday. The one- and two-month rates fell by a uniform 1/8point, while the threemonth rate was 1/16-point lower. S$ Interbank rates at 3pm yesterday: OHf M night 472 words
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Article251 1985-04-13 5 Interbank rates at 3pm yesterday: Currencies Nomine! rote* Smithsonian quoted yesterday croee parity change Local dollars to one unit of foreign currency. US dollar Sterling pound Australian dollar NZ dollar Canadian dolor 2 2050 2 7771 1 4822 1 0087 1 6142 2 2070 2 7819 1 4850251 words
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Article345 1985-04-13 5 BA Futures EURODOLLARS tended lower at the opening yesterday but the correction was short-lived. The June contract was well supported at the 90.76 level as dealers were still looking for an opportunity to buy on dips. The contract finally settled at 90.76 on firmer interbank rates. Near-term resistance isBA Futures - 345 words
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Article164 1985-04-13 5 HONGKONG: The metal finished unchanged yesterday from the New York close. Dealers said participants stayed on the sideline as the outlook remained unclear, noting that sentiment was slightly bearish. The metal ended at U*****.00/50 an ounce, same as the New York close but above the $328.00/50 close here on164 words
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Article184 1985-04-13 5 Asian Interbank deposit rates us$ Offer Bid 7 day 8 3/4 8 5/8 1 month 8 3/4 8 5/8 2 months 8 13/16 8 11/16 3 months 8 15/16 8 13/16 6 months 9 3/16 9 1/16 9 months 9 1/2 9 3/8 12 months 9 13/16 9 11/16 S184 words
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489 1985-04-13 5 NYT CONSUMERS in the US who run monthly balances on their credit cards are paying dearly for the privilege in spite of a dramatic drop in interest rates. Lawrence Cohn, a bank analyst at Dean Witter Reynolds, said: "The credit card business now isNYT - 489 words
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Article, Illustration141 1985-04-13 5 Reuter THE VICE-CHAIRMAN of the Federal Reserve Board, Mr Preston Martin, says the US financial system is sound even though individual financial companies are having economic problems. He told an American Bankers Association conference on Thursday the ability of most banks to survive in spite of someReuter - 141 words
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Article186 1985-04-13 5 Reuter LEADING Western industrial countries are considering a special International Monetary Fund meeting in December to review a report on monetary reform now in preparation. US officials say the proposal made by France is being considered by the Reagan administration. The US is likely toReuter - 186 words
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194 1985-04-13 5 NYT CHASE MANHATTAN Corp has applied to buy two troubled savings and loan associations in Ohio and may buy more if it is allowed to convert the additional acquisitions into commercial banks. The purchases are subject to approval by the Federal Reserve Board andNYT - 194 words
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Page 5 Advertisements
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Advertisement351 1985-04-13 5 OFAR EAST LEVINGSTON SHIPBUILDING LIMITED (incorporated in the Republic of Singapore) The Directors of Far East Levingston Shipbuilding Limited wish to make the following announcement AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1984 OF THE GROUP AND THE COMPANY Production Revenue Operating Profit Investment Income Net Interest Income Share351 words
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Advertisement1021 1985-04-13 5 Keppel Shipyard limited (incorporated m the Republic of Singaporei AUDITED RESULTS FOR THE YEAR ENDED DECEMBER 31,1984 The Directors of Keppel Shipyard Limited advise the following audited results of the Group and the Company tor the year ended December 31,1984 COMPANY GROUP Operating profit investment income 44,166 38.700 78,796 43,5321,021 words
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TIME – OFF
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Article490 1985-04-13 6 AS WHITE FLAGS are being waved at petrol stations to signal the end of a long-fought "gift war", one question is being asked. What will happen to existing stocks of soap, tissue and other cheap giveaways now tucked beneath the counters? The answer is probably490 words
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Article, Illustration596 1985-04-13 6 MONICA GWEE - By MONICA GWEE THIS article almost didn't make it. It was not because the phone at the Green House wasn't being answered, it was because it hadn't stopped ringing. But that may be the price for a sharp business idea that has captured the596 words
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435 1985-04-13 6 WALTON MORAIS - By WALTON MORAIS BECAUSE love is blind and opposites attract, Romance, the group, is quite appropriately named. The husband-wife duo, Hilton Lounge's new act, embodies romantic cliches to a T. She is stiff upper-lipped British. He is Latintempered French. She loves commercial music. He435 words
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Article268 1985-04-13 6 STRAWS in the Wind A HEALTH MINISTRY statement received by this office seemed to have been sent to the wrong address. Titled "Untok Sakit Pinggang, Jamu Indonesia/Toko Air Pancur", it seemed to be meant for a Malay newspaper. It turned out to be an268 words
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Article, Illustration1156 1985-04-13 6 What's on from April 13 19 HHMNMHMMF wr FAIRS: Flower fair and Vanishing trad* fair. Singapore Handicraft Centre, Tanglin Road. 11am6pm. Flower fairs stalls set up by florists and those from orchid nurseries, flower gardens, bonsai and cacti nurseries, and gardening products. Vanishing trade fair by lion head maker,1,156 words
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Page 6 Miscellaneous
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Miscellaneous813 1985-04-13 6 CRYPTIC PUZZLE ACROSS 9 Put off until after page one (8) 10 No less hot, though it's no longer burning (3) 11 Nero is frisking round the soldier in the field (6) 12 Drew a funny figure: a man (6) 13 Act in which a boar performs with a circus813 words
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SPORTS
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Article, Illustration990 1985-04-13 7 BRIAN MILLER - Weight-for-age will be a test of tactics on the course By BRIAN MILLER A COUPLE of weeks ago I would have sworn that Beldale Prospect had tomorrow's Sultan of Selangor's Gold Cup at his mercy. Having done everything right in his last four starts, and990 words
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296 1985-04-13 7 UPI ADELAIDE, the quiet, leafy capital of South Australia, is set to stage Australia's first Formula One grand prix motor race. Ranked as an outside chance to stage the event, Adelaide beat off bids by the powerful eastern cities of Melbourne andUPI - 296 words
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370 1985-04-13 7 WALTON MORAIS - By WALTON MORAIS AS IF in deference to the Augusta Masters golf championship, this weekend will be one of the quietest ever on the local links. Only Keppel Club has lined up a major activity, and is holding its monthly A and370 words
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Article, Illustration806 1985-04-13 7 Reuter GARY HALLBERG took the advice of a physics professor three weeks ago and the lesson paid off yesterday in the opening round of the Masters tournament as he shot a sparkling 68. Hallberg, whose trademark is his "Indiana Jones" felt hat,Reuter - 806 words
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297 1985-04-13 7 AFP THE SCOTTISH footballing family McLean will spend this weekend trying to turn the 100 th Scottish Cup competition into a unique example of brotherly rivalry. Dundee United manager Jim McLean could be opposing his younger brother and MotherwellAFP - 297 words
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Article70 1985-04-13 7 AFP CREW members of a South African yacht have been temporarily barred from a Cape Town yacht club after some of them exposed themselves to celebrate being first to cross the Uruguay finishing line of a trans-Atlantic yacht race. The crew of Apple Macintosh alsoAFP - 70 words
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Page 7 Miscellaneous
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Miscellaneous1185 1985-04-13 7 w mm HIGHLIGHTS Saturday Night Movie 11:50 pm, Channel 5 John Ritter stars as aspiring stand-up comic Alan O'Black. He takes a full-time job as a limousine driver to prove to his wife, who has thrown him out of their home, that he is a responsible man. In his spare1,185 words
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Miscellaneous32 1985-04-13 7 BnStoW: frank Dickeng Si H€i_p e>c»sTDOJ is bpck ON P^ONDPy SO *S u)£UJOTV>£, 6PC< GesJofcL I've His Desic eo* OF T»N TPCKS HLeßse c£l X IBWG a w HCXO FoC. H\S QUP\\C32 words
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INTERNATIONAL STOCKS
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266 1985-04-13 8 NYT GENERAL ELECTRIC, the fourth-largest US defence contractor, has urged the Pentagon to lift a ban on its bidding for new defence contracts. The ban was imposed after the company was charged with defrauding the government by illegally claiming US$BOO,OOO in labourNYT - 266 words
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122 1985-04-13 8 Reuter CONSOLIDATED Gold Fields PLC plans to sell all the companies held by Gold Fields American Industries Inc as a group or as individual entities. The activities are mainly in steel and well drilling equipment for oil and water. The decision to sellReuter - 122 words
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Article95 1985-04-13 8 Reuter DENMARK'S East Asiatic Co says its prospects for this year are good, in spite of growing competition in world trade and increasing demands in the US for protec tionistic measures. The company returned to profit in 1963 after a major restructuring and reported a 28 perReuter - 95 words
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325 1985-04-13 8 Reuter WALL STREET share prices closed with a modest gain on Thursday as investors tried to decide if the US economy would rebound later this year. The Dow Jones Industrial average gained 3.75 points to close at 1,263.69. Advancing issues led decliningReuter - 325 words
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Article102 1985-04-13 8 Aft 11 Abitibi CJ 50* Hud Boy Min Imp CM hco fcrrt Pro* Pip* 8* 54 19* 35* unch 34* -1* trrt Uti 23*8 23K 16* Lobtow 8 17* 26* 3 1 2H Mc BkxM 25* M Canodo 38* 16 unch BP Can Ltd 3SK Moor* Cp 22*8 34H102 words
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Article182 1985-04-13 8 475 API 11 WouHnuMi INDUSTRIALS MMNGS 720 Anglo* 2700 65 Abcrcom 155 -5 An^voal ***** 25 4 200 AE And CI 760 3405 tnch Byyoon Buff* 8650 AArfSTT. 2550 50 +23 Charter 455 5 Bortow* C G Smith ***** 1050 13 370 5500 125 E R Cant 189 2182 words
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Article755 1985-04-13 8 Am 11 Alcon AA*rw> Alcoa Lud AAotl OWI CO Abo Stem AIKMIWI A/t> k«idk lot Am firooAc ot> Am Con Co Am Crawli Am UK Pwt Am Am Homo Prod Am MMm C* Am Natural UB Am Tol A Td Amai tnc AIMGA HW AMT he Amr Corp755 words
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Article905 1985-04-13 8 Amsterdam AM II ABN fk 40*00 +55 A*gon 113 30 -I 3 Ahofcl 316 00 OTcft Akao ANtfV AmJai Aitwtj Bar* MH bk ***** »0 3 315 00 3 7390 7o§ Vk 90 or** 97M >5 6 337 00 41 kr Tn CiM Ctfw 0«k M* 9030 402905 words
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Page 8 Advertisements
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Advertisement454 1985-04-13 8 V, ii to viae, Mm A 5# V ffit IISSr il* Jgjjrfs Tavern U. 30 a 7pm And en»«v ente na»n tavoufiw p-j I HOTEL ASIA Many rWurns 37 Scotts Road Smgap«®o922 X *****88 Tele. RS 2*313 HOTASIA Novotel Orchid Inn Presents Indonesian Exotica v» o m* < v r&Si454 words
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Advertisement145 1985-04-13 8 London stocks, Wll Lounge Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet. Body N Soul from the Philippines. They'll captivate you! Happy (fours: spm 7pm. 25% off all driikt. CR£*sWn •Plvwttfom 270 Orchard Road. Singapore145 words
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ASIAN STOCKS
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Article298 1985-04-13 9 HONGKONG: Share prices closed I higher in brisk trading yesterday. Dealers said that the market i was at its highest in four years 1 and that the Hang Seng index was < poised to breach the 1,500 level, a < performance beyond many analysts' expectations at the beginning of298 words
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Article217 1985-04-13 9 AM 12 Al Sinew* Indus Asia Cement MT 3 50 2430 +005 treh Uan Hwa Indus Nan Yo Plas Pocific Cons Pacific Elact Wira 11 80 27 10 1990 15 50 unch -0 1 -02 0.1 Cothoy Com 24 30 unch +003 Chang Hwa Bank 50 00 20 40217 words
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Article361 1985-04-13 9 TOKYO: Share prices rose in very active trading yesterday, led by late buying of recently-ignored bio-technology-related and lowerpriced shares. The market average gained 14.21 to 12,588.01 after ending the morning easier and losing 28.13 on Thursday, and turnover was 540 million shares against 500 million on Thursday. Oils and361 words
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Article108 1985-04-13 9 MANILA: Share prices closed generally higher in quiet trading yesterday. The mining index rose 15.58 to 702.30 and the commercial and industrial index 0.11 to 131.53 while the oils index was steady at 0.625. APt 12 Ptm Montaal Onantol B 0 011 inch Acoj* Mining 0 0014 inch Phrfax108 words
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Article335 1985-04-13 9 SYDNEY: Australian sharemarkets closed steady yesterday in a day highlighted by profit-taking. The All Ordinaries index rose 0.8 points to a record 864.1 but finished about five points below its day's high set in the first 30 minutes of trading. The gold index rose 39.9 to 929.8, All Industrials335 words
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Article152 1985-04-13 9 BANGKOK: Prices closed higher yesterday in quiet trading. The Book Club index rose 2.53 points to 136.96 as 30 issues advanced, two declined and six were steady. Turnover stood at 724,099 shares worth 107.3 million baht compared with Thursday's 2.3 million shares worth 326.2 million baht. AM 12 Bafctt152 words
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Article74 1985-04-13 9 APR 12 Won +4 unch 4 -20 -6 -7 -17 Hyundai Const Hyundai Motor KAL 902 570 655 unch -5 643 Bk Commercial Bk 629 Kofeo CM Korea Shf> 1630 480 30 28 Daewoo Cocp 514 Lucky Ltd Samsung Co 615 710 -1 530 Samsung EWc 869 -3 unch74 words
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Article71 1985-04-13 9 AFP JAPAN'S Sharp Corporation has reached an agreement with RCA Corporation of the US to establish a joint venture to produce very large scale integrated circuits. RCA Sharp Microelectronics Inc, to be set up in the US next month, will be capitalised at US$6.5AFP - 71 words
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255 1985-04-13 9 AP A PROPOSED steel mini-mill that would create 450 permanent jobs in Ohio may get a financial boost from Mitsubishi International Corp of Japan, officials say. The plans are tentative and part of on-going negotiations, says Otto Maier, who wants toAP - 255 words
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105 1985-04-13 9 Reuter TAI SHING Development Co Ltd has sold its 15.5 per cent stake in Hopewell Holdings Ltd at an average of HKJI-80 a share, or $167 million. The stock was sold in January and February and resulted in a $4.7 million loss that wasReuter - 105 words
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145 1985-04-13 9 Bernama FUJITSU LTD, a Japanese computer manufacturer, has marketed the world's fastest supercomputer which it claims to be capable of making more than one billion calculations a second, nearly double the speed of its fastest model up to now. A spokesman said the new supercomputerBernama - 145 words
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307 1985-04-13 9 Bernama A MULTI-BILLION dollar project between Japan and Iran to build a petrochemical plant hit a new snag when the Iranian parliament unanimously rejected a Bill designed to keep it going. The Islamic Consultative Assembly probably killed the Bill on a backup agreement onBernama - 307 words
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Page 9 Advertisements
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Advertisement759 1985-04-13 9 ar 9? NOW The Hilton's Lounge presents u There s romance in the air at the Hilton's Lounge with the music of 'Romance' a husband and wife duet whose act is touched with an international favour. Joel and Tracy Joffrin (who make up Romance have performed all over Europe, the759 words
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Advertisement87 1985-04-13 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL LOUNGE With Ramon D New Blackjacks Happy Hours: spm 7pm With Sunny and Stamford W For reservations please call 734 6622 MIHSHUJU HOTK#. Singapore 19, Cairnhill Circle, Singapore 0922 GgfiW restaurant u hi Serving a wide range of Chinese Hunan specialities in87 words
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SHARE INFORMATION
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Article, Illustration4160 1985-04-13 10 THE SINGAPORE stock market yesterday drifted lower in lacklustre trading, bringing the Straits Times Industrial Index within a whisker of 800. It fell 3.62 points to 800.23, a twomonth low. The BT Composite Index fell 3.79 points to 717.82. Volume was low4,160 words
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Article267 1985-04-13 10 SINGAPORE Rises Indices Stfc MM P N—i i lad M 50* 400 135 40 4-11 8T Composite April 11 721.61 April 12 717 82 N S T tm 50< 710 5 BT Indicator *****52 *****14 275 5 BT OB/OS 281 -363 HopHnn t Mia Carp 364 4267 words
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Article2558 1985-04-13 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".2,558 words
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Article157 1985-04-13 10 KINGS HOTEL Limited: Seventeenth AGM at 16 Raffles Quay #36-00, Hong Leong Building, Singapore on Apr 15 at 11.00 am. CITY DEVELOPMENTS Limited: Twenty-Second AGM at Raffles Quay, #2600, Hong Leong Building, Singapore on Apr 22 at 11.00 am. FABER MERLIN MALAYSIA Berhad: EGM at the Melati Hall,157 words
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Page 10 Advertisements
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Advertisement12 1985-04-13 10 KL market report and Buainaaa dona on tha KLBE Saa paga 1112 words
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COMPANY NEWS
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Article, Illustration1026 1985-04-13 11 Full text of Keppel chairman Sim Kee Boon's statement 4J£EPPEL'S group operating profit improved by $43 million to $78.18 million from $35.11 million in 1963 despite difficult market conditions in the shipping and marine industry. This was mainly due to the completion of several1,026 words
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Article589 1985-04-13 11 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN STRAITS Steamship Company Ltd was the worst performer last year of the three main listed companies operating under the Keppel group, with losses incurred right at the trading level. While both Keppel Shipyard Ltd and Far East-Levingston Shipbuilding Ltd managed to increase589 words
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196 1985-04-13 11 AMALGAMATED Steel Mills Bhd (ASM) has entered into an agreement to acquire a long-term equity stake in related steel products company, Amalgamated Industrial Steel Bhd (AISB) for M 53.73 million cash. The block of more than one million shares, representing 4.6 per196 words
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Article330 1985-04-13 11 BEST RESULTS from the Keppel stable were provided by Far East-Levingston Shipbuilding, makers of offshore drilling vessels. For the year to end December, FELS produced respectable pre-tax profits of $43.2 m, an increase of nearly 45 per cent in spite of a sharply higher depreciation charge,330 words
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463 1985-04-13 11 THE KUALA LUMPUR stock market went through another boring session yesterday with share prices retreating in listless trading. Except for a handful of issues which caught investors' attention, most counters recorded marginal to moderate losses. After opening a shade lower, share prices drifted463 words
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78 1985-04-13 11 UNITED Industrial Corporation has entered into a joint venture agreement with China International Trust Investment Corp to form a company to strengthen economic cooperation. Called CIT-UIC Investment, the company will have a paid-up capital equivalent to $7.88 million and an authorised capital of 123.678 words
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Article246 1985-04-13 11 ManogerV prices for April 13 IS Singapore Unit Trust T>*« Convnerce 2 09 2 22 The Somgi Fv#xJ 1 45 1 54 S'por* Profl Fi*>d 0 811 0 93 S'pore Sec Fund 131 1 39 S'pt»• Invev Fi*id 0 92 0 97 S'pore Equty F»*td 0 90 0246 words
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Article1065 1985-04-13 11 EQUITIES yesterday rallied to close firm following the half-point cut in base rates to 12% per cent by Barclays and Midland. At 3.30pm, the FTSE 100 share index was up 1.5 points at 1,270.8. Trading remained quiet as the three week Easter account drew to a close, dealers1,065 words
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Article108 1985-04-13 11 HONGKONG Thursday 1201.3 Week ogo Closed Hong Seng Index Friday 1492 16 NEW YORK Thursday 1483 39 Dow Jones Wert, ago Closed Thursday 1263 69 Wednesday 1259 94 Wert ago 1259 05 TOKYO Tokyo Dow Jones Standard Poors Thursday 180 19 Fnday ***** 01 Wednesdoy 179 42 Thursdoy108 words
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Article2424 1985-04-13 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. MDUSTRIALS Ajmomoto (3 SOB 3 70S) (1) 3 60 cd2,424 words
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Page 11 Advertisements
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Advertisement53 1985-04-13 11 APPOINTMENT ASSISTANT SOLICITORS Established law firm requires Assistant Solicitors with a minimum of about 3 years' litigation experience. Remuneration will be commensurate with experience. Please write in with curriculum vitae and experience particulars to The Advertiser ST Box N***** 390 Kim Seng Rd Singapore 0923 All information given will be53 words
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Article, Illustration540 1985-04-13 12 JEFFREY TSANG - Saudi group to inject 100 m into resort project By JEFFREY TSANG A SAUDI ARABIAN group will inject $100 million into Promet's resort project on Pulau Langkawi. The Bartook group, with an annual turnover of more than US$35O million, recently signed a letter of intent540 words
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215 1985-04-13 12 AFP THE US will depend on foreign sources for the supply of nearly half of its annual oil needs by the year 2000. A study released by the Conoco oil company in New York yesterday said that US demand for oil would increaseAFP - 215 words
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223 1985-04-13 12 EGYPT remains a firm supporter of the Cambodian coalition government headed by Prince Norodom Sihanouk in spite of some uncertainty about the impact of Vietnam's recent dry season offensive. Egypt's Minister of State for Foreign Affairs, Dr BoutrosBoutros Ghali, said yesterday that he had223 words
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Article88 1985-04-13 12 EGYPT'S Minister of State for Foreign Affairs, Dr BoutrosBoutros Ghali, leaves Singapore today after a two-day visit, during which he lobbied for the Republic's support for his bid to become the next UN High Commissioner for Refugees. Singapore Foreign Minister S Dhanabalan assured Dr Ghali88 words
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Article171 1985-04-13 12 THE US, in a major shift of position, said yesterday that it would consider holding a high-level conference later this year on the reform of the international monetary system. The offer by Treasury Secretary James Baker was seen as a concession to European Economic Community171 words
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169 1985-04-13 12 Reuter BRITISH Prime Minister Margaret Thatcher, heavily guarded against Tamil guerillas, yesterday commissioned a US$2OO million dam project, Britain's biggest single overseas aid scheme. Authorities stepped up security for Mrs Thatcher's visit after two attacks by Tamil guerillas in the past 48 hours claimedReuter - 169 words
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Article, Illustration488 1985-04-13 12 THE GOVERNMENT might look into providing tax write-offs for money put into high-risk venture companies, where private individuals could pool their funds and subscribe to shares and in venture capital companies. Dr Richard Hu, Minister for Trade and Industry, told Friday Background last night488 words
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Article26 1985-04-13 12 A RECORD 1,825 lots of Deutschemark contracts were traded on the Singapore International Monetary Exchange yesterday, compared with the previous high of 1,637 lots.26 words
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Article111 1985-04-13 12 AP INDONESIA'S textiles exports to the US will no longer face countervailing duty because the Jakarta government has signed an agreement under the General Agreement on Tariffs and Trade. Frans Seda, general chairman of the Indonesian Textile Association, told the Jakarta newspaper Kompas that US textile producersAP - 111 words
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Article64 1985-04-13 12 Reuter WALL STREET stock prices edged higher in early trading yesterday, with some new figures on inflation serving as a stimulus. The Dow Jones Industrial Average was up one point to 1264 on turnover of 8.0 million shares. Advances led declines by a five-four ratio. The LabourReuter - 64 words
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303 1985-04-13 12 AUSTRALIA will benefit by joining Asean, South Australian Premier John Bannon said yesterday. "There is some logic in Australian membership of Asean. I recognise that that may impose some strain and difficulties, and it must not be a case of Australia303 words
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Article204 1985-04-13 12 UPI JAPAN, under heavy pressure to close a US$37 billion trade gap with the US, yesterday unveiled an import promotion campaign, urging housewives to buy more foreign fondue sets and whistling tea kettles. The campaign, to be [Jaunched today in front of the £inza headquarters ofUPI - 204 words
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285 1985-04-13 12 THERE IS TREMENDOUS export potential for Singapore's expertise in financial services to Saudi Arabia. Saudi Arabia's Minister of Commerce, Dr Soliman Abdul Aziz Al-Solaim, said his country would like to expand its financial services sector. He said that Singapore, an important285 words
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133 1985-04-13 12 SINGAPORE'S largest taxi fleet operator, NTUC Comfort, is trying to table a proposal on a new fare structure to the Ministry of Communications and Information. In his letter to its 7,000 members, Mr Sam Chong Keen, NUTC Comfort's general manager, says this will133 words
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LATE FILE
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Article39 1985-04-13 12 Reuter INDIA'S Finance and Commerce Minister Vishwanath Pratap Singh yesterday unveiled in Parliament a three-year import/export policy that liberalises imports of industrial machines and knowhow while easing licensing controls to boost domestic production and exports. Reuter.Reuter - 39 words
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Article56 1985-04-13 12 Reuter TAIWAN'S record US$9.B billion trade surplus with the US last year was partly due to re-exports from Japan, Economic Minister Lee Tahai said in Taipei yesterday. Machinery, car and motorcycle parts and raw materials, including feedstock and yarn, were imported from Japan and re-processedReuter - 56 words
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Article75 1985-04-13 12 AFP THE HONGKONG government is chasing unpaid tax totalling more than half a billion dollars (US$64 million) for the last fiscal year which ended March 31, it was reported yesterday. The corporate sector accounted for the lion's share, with more than $400 million (US$5l.2 million) inAFP - 75 words
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Article48 1985-04-13 12 Reuter JAPAN has unveiled an experimental aircraft capable of using airports with runways too short for normal commercial planes. It will carry more than 100 people, be quieter than present planes and require only half their take-off run, the Science and Technology agency said. ReuterReuter - 48 words
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Article36 1985-04-13 12 Reuter VIETNAM'S armed forces' chief, General Van Tien Dung, arrived in Jakarta yesterday on a six-day official visit. He is due to meet President Suharto and Foreign Minister Mochtar Kusumaatmadja ReuterReuter - 36 words
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Article57 1985-04-13 12 AP TWO BURMESE insurgent groups clashed near Thailand's northern border and 20 rebels were killed and 10 others wounded. Mr Thongkham Kuenta, deputy governor of Thailand's Mae Hong Son province, also said yesterday that about 100 fighters of the Shan United Army had fired onAP - 57 words
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Article76 1985-04-13 12 AFP TEN YEARS after the end of the Vietnam war, only two out of three Americans know which side the US fought on, according to a poll published in Washington yesterday. In the poll, 12 per cent of respondents thought the US ally inAFP - 76 words
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Page 12 Advertisements
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Advertisement154 1985-04-13 12 TENDER NOTICE Tenders are invited for the following: "THE CHARTER OF A MARINE PASSENGER FERRY (BOAT) HAVING A CAPACITY FOR NOT LESS THAN M PASSENGERS. DRAFT (FULLY LADEN OF NOT MORE THAN I.S M. SPEED OF NOT LESS THAN 15 KNOTS) AND PROVEN SEAWORTHY TO SAIL ON THE SOUTH CHINA154 words
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Advertisement121 1985-04-13 12 TAT LEE BANK LIMITED ANNOUNCEMENT Pursuant to Article 6(1 )(a) of the Articles of Association of the Bank, it is hereby announced that declarations received by the Bank as at 31st March 1985, regarding the beneficial ownership of the issued share capital of the Bank held by foreign persons constituted121 words
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Page 12 Miscellaneous
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Miscellaneous56 1985-04-13 12 Outlook for today: Cloudy with showers in several areas in the late afternoon. Report for 24 hours prior to 7 30pm on April 12 at the airport: Maximum temperature 33.7 Associated humidity 61 Minimum temperature 23.0 Associated humidity 95 Hours of sunshine 7.05 Rainfoll in millimetres 31.5 Rainfall this month56 words
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