The Business Times, 4 May 1985
1985-05-04
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The Business Times
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Title Section12 1985-05-04 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, MAY 4, 1185 60 CENTS12 words
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215 1985-05-04 1 Reuter THE World Bank has criticised Indonesia's trade policies as inward oriented, saying that if they are not changed, growth could be hampered, causing serious unemployment. In a confidential report yesterday, the bank said it was crucial for Jakarta to generate enough growth outsideReuter - 215 words
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Article126 1985-05-04 1 Reuter RIOTS ERUPTED yesterday in several cities and towns on the Southern Philippines island of Mindanao during a strike by public transport drivers. A Military spokesman said troops had been called in to foeß the unrest and 11 people had been arrested. Students and workersReuter - 126 words
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467 1985-05-04 1 CHUANG PECK MING - Unable to pay loan instalments for about six months By CHUANG PECK MING DEBTS of at least $4.3 million have been left outstanding by Quad Union Investments, which recently closed its Photokis Express chain in Singapore. BT understands that the company, a467 words
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580 1985-05-04 1 LUCY NG - By LUCY NG A GROUP of non-unionised workers has complained to the Ministry of Labour about discrimination by their former employer for not compensating them for the IO6S of their jobs. Eighteen workers have complained to the ministry that Malaya Tin Printing Ltd (MTP)580 words
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Article77 1985-05-04 1 MR CV Devan Nair has been admitted into a medical foundation in the US for treatment. The former president was admitted on April 26 after a series of consultations and assessments with Dr Stanley Gitlow, consultant physician to the US State Department and a specialist in77 words
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214 1985-05-04 1 RAY HEATH - By RAY HEATH TALKS en Singapore Airlines' request for (lights tats Manchester Airport entered what was scheduled to he their last day yesterday morning In Linden. There was as Indication from SIA in Singapore or the UK's Department ef Transport on how214 words
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Article, Illustration100 1985-05-04 1 ANOTHER mixed cleee vu mm ea the fßanwrr sleek ntrket yesterday at the few bay en «h» were sappertlag prices la the meraiag vanished after tuck. Plan tattoos, which had bees rising steadily for the past few sessieas, finally anderwent the expected eerreetlea. The excuse far praflt-taklag came100 words
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481 1985-05-04 1 LEE HAN SHIH - By LEE HAN SHIH A CHANGE in the public housing policy which has already helped to save $1 million (or HUDC applicants is beginning to pose a threat to private developers, banks and finance companies. The policy, announced last Friday481 words
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467 1985-05-04 1 Reuter AFP THE LEADERS of the seven Western nations meeting for the economic summit in Bonn yesterday declared their support for the American position in arms talks with the Soviet Union and called for a high-level EastWest dialogue. In a declarationReuter; AFP - 467 words
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Article121 1985-05-04 1 Reuter AMERICAN Treasury Secretary James Baker said France had backed off a bit at the Bonn economic summit from a call that monetary talks be conducted before the world trade talks proposed by President Ronald Reagan. "They've sort of come off of thatReuter - 121 words
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Page 1 Advertisements
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Advertisement148 1985-05-04 1 ASIAPRINT '85 4Jh International Exhibition of Printing. Graphic Arts Equipment Supplies. JUNE 20-23 WTC STORE The World's IGoH Ciubi Reason r 1: TOPS IN DISTANCE Teats executed by an American deeigned swing robot (the moet reliable golf testing equipment to date) prove that Yamaha s Carbon Composite golf dubs drive148 words
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Advertisement292 1985-05-04 1 wm SHARE INFORMATION SHIPS IN PORT MONEY EXCHANGES AN ELEPHANT took off at the Padang yesterday with Dr Wong Kwei Cheong, Minister of State (Trade and Industry), Mr Stapleton Roy, the US Ambassodor to Singapore, and Mr Malcolm Forbes, publisher, on board. Page 2 PRESIDENT REAGAN headed into the Bonn292 words
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Advertisement26 1985-05-04 1 ].?}.`[<}*):.^^?@]^_+[!})-`?_&` 19 0 5 1 985 80 YEARS OF BANKING EXPERIENCE IN SINGAPORE TO SERVE YOU BETTER BANQUEINDOSUEZ 3 Shenton Way. Shenton House Singapore 0106. Tel: *****1126 words
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Advertisement25 1985-05-04 1 ASIAPACK '85 4th International ExhtoWon of Packaging Machinery Materials And Food Processing Machinery JUNE 20-23 WTC SPORE RMgan gtto thrM k»y all**' support, Pag* 325 words
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HOME NEWS
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Article, Illustration341 1985-05-04 2 LUCY NG - By LUCY NG THE ALTITUDE record of 37.735 kilometres for a manned balloon was not broken yesterday afternoon. But at least passengers in the flying elephant which ascended briefly from the Padang yesterday fared better than American Nicholas Piantanida of Bricktown, New341 words
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Article, Illustration231 1985-05-04 2 A WOMAN SCIENTIST who specialises in microbiology and molecular genetics has been invited to Singapore under the Lee Kuan Yew Distinguished Visitors Programme. Professor Alice Huang, 46, will visit Singapore from May 15 to 23 to give public lectures, making her231 words
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209 1985-05-04 2 A TRAVEL LOAN scheme said to charge one of the lowest interest rates in the loans market will be offered from next month. Labour insurance cooperative NTUC-Income has come out with this travel loan facility for its policy holders. NTUC-Income will offer the loans209 words
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299 1985-05-04 2 SINGAPORE fashion wear and accessories will be promoted more aggressively in Japan in the next two years. The Trade Development Board will organise in-store promotions in large Japanese department stores to help Singapore garment manufacturers sell to Japan. This299 words
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295 1985-05-04 2 Albright Wilson chooses Singapore as Far East HQ ALBRIGHT A Wilson, the British chemicals group known in this region mainly for its phosphate and detergent products, has chosen Singapore as its new Far East headquarters to supervise the company's expansion in the region. On April 1, it started a Singapore-based295 words
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Article68 1985-05-04 2 RESTORATION work on part of the main hall of the General Poet Office (GPO) at Fullerton Building has been completed. The temporary post office which was put up during the renovation will cease operation at 2pm today for renovation work to begin in the other parts of68 words
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Article45 1985-05-04 2 THERE will be no change in the electricity and gas tariffs for the next three months commencing May 1, 1985. The next review will be made three months later for the period commencing Aug 1, the Public Utilities Board said yesterday.45 words
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127 1985-05-04 2 THE Public Works Department has completed Yuying Secondary School, the first secondary school in Hougang New Town, and will hand it over to the Ministry of Education on Tuesday. The new school has a two-storey hall cum canteen block, a four-storey workshop block, three127 words
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333 1985-05-04 2 JEFFREY TSANG - By JEFFREY TSANG A COMMUNITY CHEST project where four companies contributed a cut of their April sales failed to gain public support, and all four ended up contributing the difference to make up the minimum amount they had pledged. The four companies Col-gate-Palmolive333 words
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Article972 1985-05-04 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movamant Ship Voy date/tin* Operator cargo ichadula Location B Melati 199 04.5.85 2000 Leo Shpg F2 0700-0600 N4 Vlra Bhum 3N 05.5.85 0300 S'pore Shpg F2 1200-1300/1400-1500 N1 B Seroja on 05.555 0700 Leo Shpg972 words
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Page 2 Advertisements
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Advertisement244 1985-05-04 2 NOTICES PUBLIC AUCTION BY ORDER OF THE OFFICIAL RECEIVER MOHAN'S DEPARTMENTAL STORE PTE LTD The entire stock and inventory to be auctioned in the following categories?* Pens Cigarette Lighters Cameras, Binoculars, Projectors Accessories Ladies Gents Watches Jewelleries (Rings, Pendants, Bracelets, Diamonds, etc.) Cosmetics Toiletries Textiles (Suitings, Silk Materials, etc.) Leather244 words
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OVERSEAS
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430 1985-05-04 3 Reuter JAPAN'S petrochemical industry is gearing up to face its severest challenge from a new competitor Saudi Arabia. Japan can blame itself partially for the coming rush of cheap Saudi exports because it sank huge amounts of money into one of Saudi Arabia's fourReuter - 430 words
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Article110 1985-05-04 3 AP PRESIDENT Suharto's brother recently made a private fourday visit to Beijing for talks with top Chinese economic leaders, said the newspaper Kompas said yesterday. The disclosure comes as a surprise as Jakarta is in the middle of efforts to resume direct trade with Beijing. HAP - 110 words
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220 1985-05-04 3 AFP CHINA'S gold and currency reserves are in good shape, in spite of its increase in imports. The National Westminster Bank (Natwest) in London said yesterday that its special survey of the Chinese economy showed that at the end of last November, itsAFP - 220 words
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275 1985-05-04 3 UPI THE SOVIET UNION must alter its burdensome economic relations with Eastern European allies, who are increasingly looking to the West for hard currency and technology, a respected research group said in a report published yesterday. The Eastern European nationsUPI - 275 words
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206 1985-05-04 3 Reuter A FORMER North Korean foreign minister hinted that trade and humanitarian talks with Seoul set for later this month may be postponed if South Korea goes ahead with planned military exercises. "We will try as much as possible to make the talks succeed,"Reuter - 206 words
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Article, Illustration204 1985-05-04 3 NYT ONE HUNDRED Cabaa military advisers left Nicaragua en Thursday as scheduled, bat officials said their departure did Mt signify aay change in government policy, aad if ngtoaal events made it necessary, they weald return. Defence Minister Humberts Ortega SaavedraNYT - 204 words
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Article96 1985-05-04 3 Reuter THE US Commerce Department will change the method it uses to price computer products in determining the real gross national product (GNP). The change, to be introduced late this year, will probably add to the real increase in the GNP, which is the nation'sReuter - 96 words
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313 1985-05-04 3 FT THE BRITISH government Intends to offer for sale later this year its remaining 48.8 per cent shareholding in Britoil, the oil production and development company which was initially privatised in November 1962. Nigel Lawson, Chancellor of the Exchequer, announcingFT - 313 words
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Article132 1985-05-04 3 UPI BRITAIN'S voters delivered their mid-term verdict on Prime Minister Margaret Thatcher's government in nationwide council elections on Thursday as unemployment soared to a record level. One of Mrs Thatcher's Cabinet ministers, Peter Walker, savagely attacked the government's policy on employment and said BritainUPI - 132 words
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259 1985-05-04 3 AFP A MAJOR reshuffle In the Chinese hierarchy is being planned with politburo leader Deng Xiaoping under pressure to give up his post as military chairman, a monthly magazine in Hongkong has reported. Quoting sources in Beijing, the Chinese-language Hong-kong-based magazine Zheng MingAFP - 259 words
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Article, Illustration459 1985-05-04 3 Bonn backing for world trade talks UPI PRESIDENT REAGAN headed into the seven-nation economic summit on Thursday having already won the support of three key allies in seeking world trade talks in 1986 to ease import-ex-port restrictions. Prior to the first working sessionUPI; AP photo - 459 words
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Article741 1985-05-04 3 ARRIVALS Operator Same* number Local tint* From SV PAA SV379 PA2I 0115 0020 SEL LAX/TYO/HKG MAS MAS MAS MAS MAS RBA SIA CPA G1A SIA SIA THAI SIA MAS SIA OA MAS SIA GIA SIA GIA SIA GIA THAI LUFT SIA THAI SIA KLM CPA MAS MAS741 words
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545 1985-05-04 4 AFP REBECCA QUIJANO, the first witness in the Benigno Aquino murder trial to testify that the opposition leader was shot by a soldier, was not cross-examined because she seemed unshakeable, said prosecutors and observers in Manila yesterday. "I think we've made it," saidAFP - 545 words
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178 1985-05-04 4 AFP VOLUNTEERS have reportedly found 116 bodies, some already decomposed, in a jungle in north-eastern Sri Lanka. National Security Minister, Lalith Athulathmudali, said yesterday that the home guard had reported to police at Muttur that they had found the bodies mostly men onAFP - 178 words
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160 1985-05-04 4 UPI A TAIWAN shipping company has paid US$6O,OOO to China as compensation for the deaths of two Chinese seamen involved in a collision between a Taiwan freighter and a Chinese fishing boat. Further negotiations on compensation for the Chinese boat that sank were continuing.UPI - 160 words
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254 1985-05-04 4 FT ISRAEL flatly rejected American suggestions that it undertake a large devaluation and cancel the system of universal linkage of the economy to the cost of living index, to rehabilitate the economy, Prime Minister Shimon Peres said. In spite of Israel's urgentFT - 254 words
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357 1985-05-04 4 AFP THE SIKH party Akali Dal seems headed towards a formal split as militants brace themselves to keep hold of the leadership wrested from moderates, Sikh sources said yesterday. The party, which leads a drive for autonomy in the rich Sikh farming stateAFP - 357 words
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WORLD IN BRIEF
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Article79 1985-05-04 4 PRAMARN Adireksan, leader of Thailand's main opposition party, Chart Thai, yesterday lodged a no-confidence motion against Prime Minister Prem Tinsulanonda and six key members of his Cabinet, saying that the government had failed to tackle social, security and economic problems, including the recent devaluation of the baht and79 words
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Article54 1985-05-04 4 GENERAL Wang Chin-Hsi has been appointed chief of Taiwan's military intelligence bureau after his predecessor was convicted of plotting the murder of dissident writer Henry Liu. A Defence Ministry statement said General Wang, 62, who is also head of the National Security Bureau under the president, will54 words
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Article44 1985-05-04 4 A BOMB exploded early yesterday at a French electronics firm in Cologne which supplies the West German army, damaging two administrative offices. The bomb had been placed near a window at the rear of the building belonging to Telecommunications Radioelectriques Et Telephoniques.44 words
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Article56 1985-05-04 4 ABOUT 200 exhibitors from 15 foreign countries are trying to get a chunk of the Indonesian telecommunications market in the five-day Communications Indonesia exhibition now underway in Jakarta. The exhibition is aimed at speeding up the transfer of technology with minimum financing, said Ahmad Tahir, Minister of Tourism56 words
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Article39 1985-05-04 4 Agencies PAKISTAN'S National Assembly is tentatively set to open debate on the 1985/1906 budget on May 23, assembly sources said. The final date is due to be fixed at a Federal Cabinet meeting on May 8. AgenciesAgencies - 39 words
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Page 3 Advertisements
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Advertisement39 1985-05-04 3 I ¥V\ VM l\in \tn K I l\ in>; I it >ni m t 1t 11> k. mi I I 'kv > 111-- I{( Mil >11l 111 ,111 I 1,1 Mt i'vV \i For Updated Information, Call ***** 1 139 words
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Page 3 Miscellaneous
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Miscellaneous93 1985-05-04 3 oonesbury pesptte ns recent decune.themmy dollar WAS A6AIN THE SOURCE I)Mi K SKNSATTHE ECONOMIC 4 SUMMIT MEETING TOQffl nr I I 3 AFTERWARDS, THE PRE6IPBNT DEFENCE? wscamteßEUM? CURRENCY. HJtREPROUP J OF THE FAITH PEOPLE PUT IN OUR DOUAR.. < mm mi K i.» w \m ■JLJg BY GARRY TRUDEAU FRANKLY,93 words
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RAW MATERIALS
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Article158 1985-05-04 4 SINGAPORE The market closed lower yesterday with May One RSS buyers quoted at 167.75 cents per kg, down 0.75 cent from Thursday. The morning session lost 0.50 cent on lack of buying support in quiet trading. Values lost further ground in quiet afternoon trading on continued lack of buying158 words
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Article207 1985-05-04 4 SOYBEAN futures closed 9*A to 7 x /i cents a bushel lower on the Chicago Board of Trade on Thursday, pressured by a sharp decline in soyoil future. November closed near the bottom of a 10-cent range. Heavy sales of soyoil futures by Produce Grain sparked general long liquidation207 words
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Article323 1985-05-04 4 RAS prices in S cents/kg, FOB in b. oles NOON CLOSE m r -M Int 1 RSS Prompt Diiyvfs 167 50 168.50N VWfVIl 167 25 168 25N Int 1 RSS May 85 168 00 168.50 167 75 168 25 Int 1 RSS June 85 168.00 168.50 167.75323 words
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Article102 1985-05-04 4 (cents/kg. l-»on P° ,Wn MAY 85 JUNE 85 (current month) (forward month) NOON NOON RAS Buytn Sellers Bur*" 5«M«n SSR 20 168.00 I70.00N 170 00 172 00N SSR 50 166 00 168 00N 168 00 I70.00N MRELB Buyers Sellers Buyers Sellers SMR CV 212.50 214 50N 214102 words
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Article117 1985-05-04 4 MALAYSIAN crude palm oil prices closed off the day's lows yesterday after early sentiment was dampened by continuing weakness in Chicago soybean oil futures. In the May position, north region fell Ms6s to $1,506 per tonne and south $45 to $1.515, while June in the south eased $70117 words
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Article94 1985-05-04 4 THE Kaala Umptr Tta Market price reetvered SI eeate to M 527.71 per kg tat remaiaed ketow tke ITA Ont level «I $29.15. Tke recovery was attrlkated to tower tonaver s( 171 tones against 7M sa Tkarsday ud to a klgker price to Lsadsa. Dealers said tkey did94 words
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Article160 1985-05-04 4 Yarn (In HKS per bote of 400 fc) China carded yarn, cones Blue Phoenix 16'* 2,550 Bhie Phoenix 20'* 2,700 Btue Phoenix 32'* 3,300 Btue Phoenix 40'* 3,650 Carded yarn, hank ENue Phoenix 21's 2,900 Combed yarn, cones Bkie Phoenix 32'* 4,350 Bhje Phoenix 40"* 4,500 Open-end yarn 2,400160 words
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Article74 1985-05-04 4 WHEAT FUTURES closed 2V« to 4V« cents a bushel lower on the Chicago Board of Trade on Thursday, with all new crop contracts making new contract lows. July finished near the bottom of a 6'/j cent range. A sharp sell-off in soyoil after midday sparked a price break in74 words
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Article801 1985-05-04 4 COFFEE Robusta futures closed a subdued morning session yesterday around the highs and with gains of £15 to £11 a tonne, apart from distant January, which was down £15. July closed at £2,200, up 14. Slight trade selling weighed on early values but the market recovered later on801 words
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Article272 1985-05-04 4 Singapore (St/kUo, ex-godown) C-l Ord Loonzoin Rice unq Frog rant new crop 100% 1st grade 100% 2nd grade 1st 086 100% 3rd grode unq 2nd 3rd 064 0.60 Parboiled Rice New Crop 5% 227 25% no stock 10% 222 10% no stock Maize unq Thai Broken A-super Speool 056272 words
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Article150 1985-05-04 4 Chinese Produce Nutmeg Exchange (Seller*' noon doting pri Moy 03. S$/100 kg) ces on 110 FOB NSW E&W FOB NSW 396 00 248 00 Coconut oil Gambier Bute FOB 140 00 FOB NSW 330.00 Old drum FOB 153.00 New drum FOB 157 00 Copra Mixed (loose) London Commodity150 words
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Page 4 Advertisements
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Advertisement274 1985-05-04 4 NOTICE FAR EAST LEVINGSTON SHIPBUILDING LIMITED FELS (incorporated in the Repubiic of Singapore) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the 19th Annual General Meeting of the Company will be held at the Company's Registered Office at N0.31 Shipyard Road, Jurong Town, Singapore 2262 on Monday 20th May 1985274 words
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BANKING AND FINANCE
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341 1985-05-04 5 Reuter AMERICAN banks had average discount window borrowings, less extended credits, of US$6OO million a day in the week ended May 1. The Federal Reserve said total borrowings were $1,272 billion daily, with extended credits at $672 million. Net discount window borrowings inReuter - 341 words
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190 1985-05-04 5 Reuter WELLS FARGO A CO has confirmed it will shut down its London branch and New York office as part of a plan to refocus international operations on traderelated business between California and Pacific Basin countries. The company now plans to concentrate itsReuter - 190 words
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275 1985-05-04 5 Reuter THE ASIAN Development Bank (ADB) has yet to make a decision on China's application to Join the group. Bank president Masao Fujioka said this while commenting on a Chinese Ministry of Foreign Affairs statement released in Bangkok which said Bejing regretted theReuter - 275 words
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500 1985-05-04 5 Reuter A LLOYD'S insurance syndicate has announced it is to cease trading by the end of this year, in what may prove to be one of the biggest failures in Lloyd's 300-year history. Richard Beckett Underwriting Agencies (RBUA) said losses incurred byReuter - 500 words
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375 1985-05-04 5 Reuter A US$6OO-million perpetual floating rate note for Lloyds Bank PLC, launched this week, has broken new ground in the international capital markets and was seen as an instant success by bankers and syndicate managers. At the same time, it is bolstering Lloyds capital ratios.Reuter - 375 words
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193 1985-05-04 5 AP THE AMERICAN House of Representatives banking committee has approved legislation providing for more than US$2 billion in HnanHng for the World Bank and affiliated agencies. Before approving and sending the measure to the floor in Washington on Thursday, the committee beat downAP - 193 words
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MONEY AND EXCHANGES
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Article649 1985-05-04 5 SINGAPORE The US dollar closed firmer against most major currencies yesterday, but trading was light due partly to the closure of the Tokyo market. The currency was slightly lower in the morning on some profit-taking after its rise in New York, but showed a firmer tendency in the649 words
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Article60 1985-05-04 5 the OVERNIGHT rate on the Singapore interbank money market rose by V«point from Thursday to dose at 5 per cent yesterday.. The one two and threemonth rates were unchanged. S$ Interbank rotes at 3pm yesterday: Offer M 5 4 7/8 5 3/16 5 1/16 2-month 5 3/16 560 words
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Article49 1985-05-04 5 RESULTS of tender held yesterday (or 91-day Treasury bills to be Issued from May 6 to May 9. Ousted: 170,000,000. Applied tar: 1181,400,000. Allotted: 170,000,000. Aeeepted Mds: $99.28 approximately 41 per cent; higher bids in full. Average rate d dbesaat ea alletmeet: 2.875 per cent per annum.49 words
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Article190 1985-05-04 5 Interbank rates at 3pm yesterday: L»col Ml«rt om mit of *Bnif> CWVRCf. parity US doAar 2.2370 2 2380 2.8196 -20.66 Storing pound Austrakan dolor 2.7186 1.4719 2.7220 1.4748 7.3469 3 4286 -63.00 -57 07 NZ 1.0144 1.0171 3.4286 -70.41 Canadian dolor 1 6263 1.6282 3.4206 -52.46 L*c«l 4>N«n190 words
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Article, Illustration385 1985-05-04 5 ASIAN dollar deposit rates closed steady at opening levels in quiet trading yesterday. Periods were about unchanged to 1/16 point firmer at the outset, underpinned by news of a US$2.7 billion rise in latest US M-l money supply. Rates stayed at these levels with one, three and six385 words
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Article297 1985-05-04 5 BA Futures EURODOLLAR futures opened mixed yesterday. It opened two ticks better than IMM at 91.18 but met resistance at 91.20. Liffe opening saw the contract traded at around this level before closing at 9U& Traders were cautious and preferred to stay on the until a clearer trend emerged.BA Futures - 297 words
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Article123 1985-05-04 5 HONQKONQ: The metal closed higher yesterday in active two-way trading, supported mainly by short covering. The metal closed at U*****.20/TO an ounce compared with New York's $313.10/60 close and the $314.80/315.30 finish here on Thursday. On the local market gold fell HK$4.OO to $2,926 a tahil. Krugerrand rose $5.00123 words
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Page 5 Advertisements
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Advertisement574 1985-05-04 5 NOTICES S Straits Steamship Company Limited (incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING ALL MEMBERS ARE CORDIALLY INVITED to attend the Annual General Meeting of the Company which will be held in the Straits Room, 10 Collyer Quay #29-00, Ocean Building, Singapore 0104, on Tuesday 21574 words
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TIME-OFF
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Article540 1985-05-04 6 IT HAS BEEN the subject of books, films, countless newspaper and magazine articles. Royalty, the rich, the famous, the artistic have stayed there and, like Johnny Walker scotch whisky, "It's still going strong." Raffles Hotel is 99 and celebrates its centenary next year. It's a precious asset540 words
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Article, Illustration702 1985-05-04 6 RAY HEATH - Singapore's Leisure Cycling Tour a Sunday outing guaranteed not to strain the stamina promises a scenic ride winding through major tourist landmarks. It also promises to exercise the heart, lungs and leg muscles. By RAY HEATH BEHOLD the bike! The sturdy upright, its rider sailing regally702 words
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Article324 1985-05-04 6 TAXI DRIVERS are saying they have gone off drinking Yeo Hlap Seng soft drinks. They say they have heard that the Minister for Communications, Yeo Ning Hong, is a member of the family. But it's not worrying the company and has had no effect on sales324 words
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Article, Illustration1165 1985-05-04 6 What's on from May 4-10 BLIDE-8H0W8: Sarangoon Road and Malay Kamponga In Singapore, part of Our Hlatorieal Sitae aarlaa. National Museum Art Gallery. 11am ond 3pm. Free. Held in conjunction with exhibition on traditional Indian ond Malay art and craft. Organised by Shell and National Museum. EXHIBITION: Traditional Indian1,165 words
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Page 6 Miscellaneous
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Miscellaneous756 1985-05-04 6 TOMJHDaa (MjasKiMKi) m CRYPTIC PUZZLE ACROSS 9 It's tea, common or garden, for father (8) 10 Spoil the girt no end (3) 11 Love the intermixture in the East (6) 12 Plan, in time, to put a stop to it (6) 13 Tel the feiow stutteringly to take the fish756 words
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SPORTS
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Article, Illustration525 1985-05-04 7 BRIAN MILLER - By BRIAN MILLER WHEN Jmwm scored at Kuala Lumpur last month, he put daylight between himself and the rest of the field. Seven-and-a-half-lengths was the margin and his time on a soft trade was 1:14.7 seconds. By all counts it was a sterling525 words
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Article, Illustration1415 1985-05-04 7 NYT LET US fantasise for a moment, as does everyone connected with the horse business, from US$5 bettors to purchasers of the equine securities proliferating in the financial markets. Suppose that Hliwniß Bale, currently at 9-to-5, were to win the KentuckyNYT - 1,415 words
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Article572 1985-05-04 7 UPI THE DRAW for Kentucky Derby post positions left early favourite Chief's Crown in the No 2 spot and second-pick Proud Truth in Noll a near-ideal spot for his stretch-running style. Churchill Downs' odds maker Mike Battaglia immediately posted Chief's Crown and his jockeyUPI - 572 words
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Article470 1985-05-04 7 WALTON MORAIS - By WALTON MORAIS YOUNG GOLFERS will have another chance to prove their dominance of the local amateur scene when the Premier League competition resumes at Changi tomorrow. With three legs remaining in the competition including tomorrow's round, SICC's massive 20stroke lead over Sembawang470 words
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Page 7 Miscellaneous
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Miscellaneous1250 1985-05-04 7 w sm mm Diana Rigg and Anthony Hopkins star in this dramatisation of Henrik Ibsen's play about how a couple react to their little crippled boy's accidental death. Others in the cast include Peggy Ashcroft as The Rat Wife, Emma Piper as Asta, Charles Dance as Borghejm and Timothy Stark1,250 words
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INTERNATIONAL STOCKS
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324 1985-05-04 8 Reuter ONE OF America's biggest brokerage firms, EF Hutton A Co, pleaded guilty on Thursday to 2,000 counts of fraud for writing cheques in excess erf funds deposited at more than 400 US commercial banks. The US Justice Department said the essenceReuter - 324 words
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146 1985-05-04 8 Reuter INTERNATIONAL Business Machines Corp has introduced two low-cost desktop printers that produce graphics and near-letter quality text for personal computers. The dot matrix Proprinter, priced at US$549, prints at three speeds and is designed (or office or home use, the company said. The colourReuter - 146 words
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287 1985-05-04 8 Reuter WALL STREET finished with mixed results on Thursday, disappointing investors who' were hoping for a rebound after four consecutive declines. Worries about a slowing economy and lower corporate earnings continued to plague the market. The Dow Jones Industrial Average gained less than oneReuter - 287 words
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Article136 1985-05-04 8 MAY 02 a 17* 33 tonp CM 52* AbMbi -H hnco M Pw» ftp* bw m* IB* 37 21* unch Algotna Argoan HMgi Bank Mont 22 2(m 26* 12* unch unch K«r Add LoMow B Mowy F«rg 15 IB 2* 23* unch 39* 16 BP Cot Ltd 35* 24*136 words
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Article268 1985-05-04 8 MAY 02 tmmd MOUSTKIALS Woohnorlh MM 1500 NGS unch A Alpha 850 uncH An0o* 2600 15 Aborcom A€ And a 152 00GB unch Anghoal 1 II 1400 unch Amoprop AMBC 410 7l0 53wT. OiarMr 8150 iOT» -50 mch 1120 -5 Con* GaM ***** C G SnMh Cora Murch 1100268 words
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Article685 1985-05-04 8 MAY 02 US$ Atcan AJumn 24 Alcoa 30% Lud 24* Abd Cham Cp ABad Storm 45* •I'M SN •1* AhOtdman 6* unch Am Brandt he 64* Am Biutxfc.aH 108* Am Con Co 53* Am Cyanantfd 31* Am Bk P»r 21* Am Exprcu 41* Am Horn* Prod 58* Am685 words
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Article875 1985-05-04 8 Amsterdam MAY 03 ABN Fk 425 OOatdO Aaoon 184.30 -2 Ahold *****x4 2 Afczo AMCV 112.50 -0.2 240.00 Anta A/two Bark 75.00 wdi Barfed 53.00 -1.8 Bob Bocthivvi 95.00 -0.2 384.00 -6 BoAoh Bur Tat Cakmd 91.00 -0.5 3800 -0.3 Catva 482.50 -3.5 M MS IUJ0 -02 EkM>875 words
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Page 8 Advertisements
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Advertisement94 1985-05-04 8 %ei/5Z* •ji mi Wmm td wlm f eatertalsi fmm- ir. 4%; «Si i &Ji Baron's Table Sunday Branch., you'll love it! Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only 82&50 per adult94 words
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Advertisement126 1985-05-04 8 This dynam^P u hastht^d^S^nsV»P^ o l2Jo #nd7pm i HOTEL ASIA Many happy Mum* 37 Scons Road SmgapomoB22 W *****88 tetex RS 2*313 HOTASIA Novotel Orchid Inn Presents Indonesian Exotica ft' <•»** o» > C c* U i» Kari Ayam and Kari Kambing and Kari I kan and Satay Kambing and126 words
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Advertisement95 1985-05-04 8 N v' At f ■*>* 4 V u f Specialized In: HONG KONG DIAN XIN CANTONESE CUISINE Business Hours: 11.00 am 230pm (Sundays Public Holidays: B.ooam 230pm) Dinner: 7.00pm 10.30pm PRESIDENT MERLIN HOTEL 181, Kitchener Road, 1 Singapore 0620. Tel: *****22. m Entertain your triends in Royal Style at EMPEROR'S95 words
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Advertisement141 1985-05-04 8 m V 0 m a f r 9 9 S3 Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet! Special business lunch at $16-h- each and $20++ each (mln. 2 persons). Over 50 a la carte specialities are also available. FURAMA141 words
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Advertisement163 1985-05-04 8 London tloekt, P«9« 11 n c V ■i \r, X JM Lounge Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet Body M Soul from the Philippines. They'll captivate you! Happy flours: Spa 7pm. 25% off163 words
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ASIAN STOCKS
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Article384 1985-05-04 9 HONGKONG: Share prices closed firmer in active trading yesterday, taking the Hang Seng Index 34.59 points higher to 1,550.80. This is the highest close since the index touched 1,563.09 on Sep 16, 1961. Cheung Kong rose 70 cents to HK$l6.BO, Hang Lung 25 to 6.35, Henderson 7.5 to 2.20,384 words
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Article212 1985-05-04 9 MAY OS AJ Smcara Mm Amo Camant CaDwy Cora Otang Hwa Bank MT 17) 23.40 23.00 48.60 -0.14 •0.1 •0.1 +a2 Nan Ya Plat Pacific Can* Pacific EJact Wira Pooiung Popar 27 00 17.70 14.35 1 38 17.20 18.00 24.50 29 70 13.70 8.60 -0.1 0.5 +0.15 -0 02212 words
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Article441 1985-05-04 9 SYDNEY: Australian sharemarkets rallied yesterday after a poor start but brokers said neutral overseas factors made for a dull day amid scarcity of stock. The all ordinaries index closed 2.8 points up at 866.3, the gold index rose 14.2 to 895.4, the all resources 3.7 to 595.6 and the441 words
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Article93 1985-05-04 9 MANILA: Share prices closed generally unchanged yesterday in dull trading. The commercial and industrial index was steady at 131.98, the oils marker unchanged at 0.635, but the mining index added 1.61 to 654.34. MAY OS i 1 i Onontol B FNha B 0 0014 uneh 0 011 uneh 0.0»7593 words
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Article197 1985-05-04 9 BANGKOK: Stock prices closed lower yesterday in sluggish trading. The Book Club index fell 0.55 point to 136.12 and declines led advances by a nine-to-four margin. Turnover dropped to 211,659 shares worth 22.5 million baht from Thursday's 366,074 shares worth 40.3 million. Siam Cement fell six baht to 645,197 words
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Article68 1985-05-04 9 MAY 03 Won 606 SSI +6 Hyundai Com* Hyundai Motor KAL 901 545 445 imh ■6 -5 Korea Finl 670 15 +5 3 unch -7 -7 490 Lucky Ltd 586 •U 546 707 +1 Dong Ah Gold Star 488 Samu«tg Etoc 800 -15 586 jf SomHwon 1273 i»Kh Hani68 words
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186 1985-05-04 9 Bernama INDIAN manufacturers and exporters, in an effort to overcome the general ignorance among Malaysian businessmen of their products, will hold a "buyerseller" meeting in Kuala Lumpur from June 11-15. About 70 Indian companies representing various industries ranging from car accessories to agriculturalBernama - 186 words
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Article47 1985-05-04 9 Reuter WORMALD International has rejected the Adelaide Steamship (Adsteam) group's partial takeover bid and is looking to sell some of its assets. Executive chairman John Utz said Adsteam's bid of A 53.55 a share was unrealistic and unanimously opposed by a directors meeting. ReuterReuter - 47 words
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193 1985-05-04 9 AFP TOYOTA Motor Corp remained Japan's top corporate income earner for the second straight year in 1964 while its rival Nissan Motor Co slid from ninth to 14th spot. The private Teikoku Data Bank of Tokyo, a credit research agency, said the Bank ofAFP - 193 words
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158 1985-05-04 9 UPI A EUROPEAN consortium has clinched a US$434-million contract for the supply of passenger jet aircraft to Air India, beating its US competitor Boeing. Indian Minister of State for Civil Aviation Ashok Gehlot said on Thursday that state-owned Air India has signedUPI - 158 words
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148 1985-05-04 9 Reuter SAN MIGUEL CORP, one of the Philippines' largest companies, posted a net income of US$23 million for last year, up by 4.6 per cent over the previous year. The brewer of the popular San Miguel beer reported its income in aReuter - 148 words
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181 1985-05-04 9 AP FORD MOTOR CO has held discussions with a South Korean company about importing mini cars to the US. Ford spokesman Thomas Rhoades said the talks were conducted with Kia Industrial Co, a minor manufacturer of trucks, vans and engines. He called the discussionsAP - 181 words
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Page 9 Advertisements
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Advertisement617 1985-05-04 9 <3MI H 13 SS 9 m f k 5*V i FOR FURTHER INFORMATION CALL Vi qSO Vi Mill r:2 o- Live wire Gina Ler and her band Skorpio return to the lON BAR with more high-energy rock and roll. Catch her show every night. CAMBOOIA. A 6-piece outfit that adds617 words
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Advertisement74 1985-05-04 9 I Listen to G relit New Sounds at CAIRXHILL COCKTAIL IjOITXGE With Ramon D Ncw Blackjacks Happy Hours: spm 7pm With Sunny and Stamford B For reservations please call 734 6622 M Mima/muL HOTBI 19, Cairnhill Circle, Singapore 0922 SrfoodCo^ Sii.ert^ I »^*s, T, oed Be® 0 c Sweetened SfeSK74 words
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SHARE INFORMATION
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Article, Illustration4187 1985-05-04 10 PLANTATION ISSUES came under profit-taking at the Singapore stock market which closed mixed yesterday after buying support in the morning failed to be sustained in the afternoon. The BT Composite Index rose 0.61 point to 709.78 and the Straits Times Industrial Index edged 0.34 point4,187 words
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Article250 1985-05-04 10 SINGAPORE Rim Indices *0*7 Bact 299 M >■*■. 590 P Marin CULS 110 S t S 206 IM HaMiaa 412 Pa*K«r M 50* 139 Ua Kali Nfaai 100 OSS 590 Ci.ti.,1 585 1 C B 545 Pa»« SOc 268 UOl 196 Falls Haaw M 288 C K250 words
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Article2549 1985-05-04 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 arf quoted after the word "St2,549 words
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Article97 1985-05-04 10 AJINOMOTO (MALAYSIA) Berhad: Twenty-fourth AGM at Lot 5710, Jalan Kuchai Lama, Petaling, Kuala Lumpur on Monday at 9 am. THE INSURANCE CORPORATION «f fflagspsrr Limited: Fifteenth AGM at the DBS Board Room, 46th Storey, Tower Block, DBS Building, 6 Shenton Way, Singapore 0106 on Monday at 12 pm.97 words
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Page 10 Advertisements
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Advertisement6 1985-05-04 10 Busin*«s dorv* on th« KLBE BMpag«ll6 words
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COMPANU NEWS
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Article, Illustration275 1985-05-04 11 CHART PillNT 'Mi■2«»' HOCK LOCK SIEW EVER SINCE it peaked at $3.80 (adjusted for the one-for-four bonus issue) in February 1984, Promet Bhd's share price has been in one big "drift and decline". Many stags and punters were under increasing psychological, if not financial pressure to cut theirHOCK LOCK SIEW - 275 words
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210 1985-05-04 11 SPP LTD will experience a shortfall of *319,000 from the sale of its half share in lossmaking Scott Paper (S) Pte Ltd and Scott Paper (M) Sdn Bhd. The buyer, Scott Paper International Inc holds the other half shares in the two210 words
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Article38 1985-05-04 11 OVERSEA-CHINESE Banking Corp has sold 286,675 shares of Singapore Press Holdings Ltd for $1.81 million. The bank's stake is thus reduced from 11.75 per cent to 11.64 per cent or 28.3 million shares.38 words
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LATEST RESULTS
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Article46 1985-05-04 11 Group pre-tax profit of M 59.44 million on turnover of M 534.97 million for the year to end-March 1965. (No group comparative figures are available as this is the first year of consolidation). EPS is 12.8 cents and no dividend has been recommended.46 words
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Article446 1985-05-04 11 HOMER CHEN - Low volume of business hits broking community By HOMER CHEN THE SLACKENING volume of business on the Stock Exchange of Singapore in tandem with the prolonged bearish sentiment is slowly taking its toll on remisiers. An estimated five per cent or about 40 remisiers out of 676446 words
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517 1985-05-04 11 AMY CHEOK - By AMY CHEOK IN LINE WITH the economic slowdown, the earnings of most of the banking subsidiaries of the United Overseas Bank group suffered a sharp decline last year. 'Chairman Wee Cho Yaw revealed in his latest statement that net profits at 83517 words
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Article402 1985-05-04 11 EVEBPEACE CORP Bhd has told the Kuala Lumpur Stock Exchange that its purchase of Pan-Eleetric Indastrles Ltd shares was planned for short-term investment. When its affiliate Sgma Metal Ca Ltd proposed a scheme to acquire Pan-El shares from Wesco Nominees Sdn Bhd at S$3.50 a share, Everpeace saw402 words
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Article217 1985-05-04 11 Monogtn' pricM 8 0 i?o Ia* A 1 1 a Thrd 8 putro 4.14 x 4.19 May 4 0 Fourth frpafra 4.60 4.65 A i ■> •> fifth B'putra 2.98 3.03 Singapore Unit Trust &*th bWo 302 3.07 tv- r. M M n M m 1 0/ 9/w217 words
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Article944 1985-05-04 11 Reuter SHARE prices yesterday ended mixed In quiet trading with market operators tending to keep to the sidelines ahead of the long holiday weekend, dealers said. The FTSE 100-share index at 3.30pm was up 2.4 points at 1311.5. Britoil closed lOp higher at 228 after 215. The UKReuter - 944 words
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Article96 1985-05-04 11 HONGKONG Thursday 1210.6 Week ago 1213.6 NEW YORK Dow Jones Thursday 1242.27 Wednesday 1242.05 Week ago 1284.78 Standard Poors Thursday 179.01 Wednesday 178.37 Week ago 183.43 LONDON FT Index Thursday 989.9 Wednesday 978.4 Week ago 965.6 FTSE 100 Index Thursday 1309.1 Wednesday 1301.5 Week ago 1288.5 AII-tMM htgh96 words
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544 1985-05-04 11 SHARE PRICES on the Kuala Lumpur stock i market finished on a mixed note in dull and listless i trading yesterday. Interest was confined to a few special situation issues which bucked the trend and scored small gains. The market opened at544 words
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Article1985 1985-05-04 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Btock Exchange yesterday, with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. MDUSTRMLS Ajmomoto (2.806) xd A Choc (2 018 2.035) (2)1,985 words
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478 1985-05-04 12 YAP BOH HOON - Surprise increase in number of taxis purchased By YAP BOH HOON MOTOR VEHICLE sales by the 18-member Motor Traders Association (MTA) dropped 14 per cent to 7,794 units in the first quarter of 1965, but taxi sales rose a surprising 46 per cent478 words
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282 1985-05-04 12 OVERSEAS Union Finance Ltd's former chairman and director Tan Guan Siong and former managing director Seah Say Yoong were jointly charged yesterday with 16 counts of abet-ment-by-conspiracy to commit forgery by Tan's son, Tan Chee Chow. No pleas were taken from Tan, 59, and Seah,282 words
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Article, Illustration50 1985-05-04 12 AMERICAN architact IM Pei posing in front of Palais du Louvre in Paris, where his controversial glass pyramid will be built. A life-size model of the propoeed pyramid has been erected for Parisians to have an idea of its impact. Reuter photo Reuter photoReuter photo - 50 words
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342 1985-05-04 12 SINGAPORE failed to assure themselves of a place in the finals of the world's richest golf tournament when they lost a dramatic Pacific zone semi-fi-nal qualifying match to Hongkong at the Royal Hongkong Golf Club yesterday. In a match that hung in the balance342 words
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400 1985-05-04 12 AP THE UNITED NATIONS' refugee agency has launched a refugee resettlement scheme which it hopes will encourage ship captains to rescue more Vietnamese boat refugees in the Gulf of Thailand and the South China Sea. The office of the UN HighAP - 400 words
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Article124 1985-05-04 12 Reuter NON-COMMUNIST South-east Asian countries should develop anti-submarine warfare capabilities because of an increasing Soviet naval buildup in the region, a Japanese naval expert said yesterday. Naotoshi Sakonjo, a retired vice-admiral who now works for Japan's Research Institute for Peace and Security, said Asean should formReuter - 124 words
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185 1985-05-04 12 A BIRDIE on the 15th hole helped Chien Chin San of Teco Electric win the A Division title in the Chase Manhattan Bank golf championship at the Island course yesterday. At the end of 18 holes, the 13-handicapper had tied with185 words
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365 1985-05-04 12 YOUNG SINGAPOREANS have to get involved in nation-build-ing if they want a culturally rich, dynamic and technologically advanced society with a political system based on democracy. They can get involved by contributing ideas through social service bodies, grassroots committees or professional organisations.365 words
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Article, Illustration392 1985-05-04 12 ALVIN TAY - By ALVIN TAY THE NUMBER of people belonging to households earning less than $500 a month has been drastically reduced since 1977, said Brigadier-General (Reservist) Lee Hsien Loong yesterday. The Minister of State for Defence and Trade A Industry told an392 words
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246 1985-05-04 12 THE GOVERNMENT'S $20 million investment in "developing a pharmaceutical factory" will be called into question when Parliament sits on May 14. Mr S Vasoo (Member of Parliament for Bo Wen) wants to find out from the Finance Minister why the investment was made in view246 words
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Article58 1985-05-04 12 Reuter THE stock market pushed higher in early trading yesterday as investors pondered a new economic report showing unemployment unchanged in April but non-farm payrolls up 0.2 per cent. The Dow Jones Industrial Average was up more than two points to 1244 on turnover of 7.96 millionReuter - 58 words
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LATE FILE
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Article42 1985-05-04 12 AFP MALAYSIAN Premier Datuk Seri Dr Mahathir Mohammed will meet his Thai counterpart Prem Tinsulanonda in Thailand on May 16 and 17 for talks which are expected to include a Malaysian proposal for solving the Cambodian conflict. AFPAFP - 42 words
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56 1985-05-04 12 Reuter SIGNS of a boom in Hongkong's property market set off a rush for shares yesterday, pushing the stock market index to a four-year high. Brokers said sharp gains by property stocks were a sign of business confidence in the territory. The market index roseReuter - 56 words
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Article39 1985-05-04 12 Reuter THE DOLLAR rose strongly on European foreign exchanges yesterday, testing 3.20 Deutschemarks, as confidence in the American economy returned and a belief hardened that interest rates there would remain high in the near future.Reuter - 39 words
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Article46 1985-05-04 12 AP CIVILIAN joblessness stayed stuck at 7.3 per cent in April, with the pool of unemployed Americans remaining at more than 8.4 million. It was the first time in a year that the rate was unchanged for three months running. APAP - 46 words
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Article54 1985-05-04 12 Reuter BRITAIN'S ruling Conservative Party suffered a major setback in local elections yesterday, losing overall control of 10 councils in its traditional heartland. The centrist alliance of Liberals and Social Democrats made sweeping gains and held the balance of power in 27 of the 47 county councilsReuter - 54 words
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Article48 1985-05-04 12 AP SENIOR Asean economic officials began a three-day meeting in Denpasar, Bali, on Thursday. The official Antara news agency said yesterday that discussions centred on matters to be brought to a Tokyo meeting of Asean and Japanese economic ministers scheduled for June. APAP - 48 words
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Article43 1985-05-04 12 Reuter THE US detonated a powerful underground nuclear device on Thursday at its Nevada test site, the Swedish Defence Ministry's Hagfors observatory repealed yesterday, adding that the test was the fifth at the Nevada site this year. ReuterReuter - 43 words
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Article28 1985-05-04 12 AFP THE THAI National Security Council has rejected a proposal by Thai Airways International for weekly flights between Bangkok and Ho Chi Minh City. AFPAFP - 28 words
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Page 12 Advertisements
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Advertisement35 1985-05-04 12 Important announcement from VBAT/ Singapore Tobacco Company (Pte) Ltd The following are the new prices of Kool Menthol in Singapore. Kool Menthol Kingsize 20s: $2.30 10s: $1.20 Kool Menthol Super Lights 20s: $2.30 10s: $1.2035 words
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Page 12 Miscellaneous
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Miscellaneous56 1985-05-04 12 Outlook for today: Shower* over several oreos in the late morning and early afternoon. Report for 24 hours prior to 7.30pm on May 2 at the arport: Maximum temperature 30.0 Associated humidity 78 Minimum temperature 24.4 Associated humidity 93 Hours of sunshine 2.45 Rainfall in millimetres 0.6. Rainfall this month56 words
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