The Business Times, 11 May 1985
1985-05-11
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The Business Times
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Title Section12 1985-05-11 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, MAY 11, IMS 60 CENTS12 words
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376 1985-05-11 1 AMY BALAN - By AMY BALAN THE $60 million Pine Tree Club has just lost a potential buyer. The American Club, which had considered buying the former City Country Club instead of having to pay a $12 million development charge for renovating its Scotts Road premises, has376 words
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Article, Illustration686 1985-05-11 1 BOEY KIT YIN - Ministry aims to add richness and diversity to financial market By BOEY KIT YIN THE NEW Finance Minister Dr Richard Hu yesterday announced two important measures in a major thrust to boost Singapore's development as a financial centre. They are the removal of686 words
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230 1985-05-11 1 SINGAPORE'S growth is likely to be nearer 5 per cent than 7 per cent this year, according to the re-elected chairman of the Singapore International Chamber of Commerce, Mr CN Watson. He said: "The slower US growth rate and the internal adjustments of230 words
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Article, Illustration45 1985-05-11 1 THE fHs|sasrr stock market rsss jhSnw sa news ef aa t setttwnent sf tfce MCA et the^fa^anSe MCA aai Tan Kesa Swan re?f Finipirtli briex rase Ml points ts 714.« and the vala7s*sU.l9 mSatTJfolmpared with SSI mOttsa shares wertfc *.14 mllliM ea Tkarsday.45 words
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337 1985-05-11 1 NST Bernama AFP THE MALAYSIAN Supreme Court yesterday ruled that an ad hoc committee be set up to decide on all matters pertaining to the MCA party elections. The ad hoc committee is to be appointed immediately under the rhahTwinriitpNST; Bernama; AFP - 337 words
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496 1985-05-11 1 RICHARD SEAH - By RICHARD SEAH THE FAMILY behind Mohan's Departmental Store has not seen the last of its troubles, although the store is now closed and the company wound-up. A bankruptcy petition fas been filed by United Overseas Bank against Mr Mohandas Kishinchand Melvani, the496 words
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617 1985-05-11 1 FOO CHOY PENG - By FOO CHOY PENG A PLAN by General Electric (US) to manufacture converters (or cable television in Singapore will be carried through in spite of the company's retrenchment of 930 workers yesterday. The $14 million investment which this project entails will bring617 words
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Page 1 Advertisements
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Advertisement186 1985-05-11 1 ASIAPRINT '85 4lh Intemattooal Exhibition ofPrtnlino. Graphic Aits Equipment Supplies. ASIAPRINT JUNE 20-23 WTC STORE THE CLUB THAT STANDS IN A CLASS OF ITS OWN ALL STAR POLARIS For woods, the heads are crafted from fine persimmon wood and dual weighted for consistent accuracy. The irons are cast in mild186 words
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Advertisement289 1985-05-11 1 wm SHARE INFORMATION SHIPS IN PORT MONEY EXCHANGES DOONESMJRY CROSSWORDS RAW MATERIALS THE STRONG Singapore dollar is causing local printers to loso soma of thoir competitiveness, and in certain cases, their prices for full colour printing con be 15 per cent higher than those quoted by European states. Page 2289 words
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Advertisement4 1985-05-11 1 SICC's committM Pag* 2 >~-~`."|*>>+&_"}>="]]{\,@==(=`.4 words
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Advertisement163 1985-05-11 1 ASIAPACK '85 4th International Exhibition of Packaging Machinery Materials And Food Processing Machinery JUNE 20-23 WTC STORE Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of our own. It's not easy to turn that dream into reality. But it may not be as difficult as163 words
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HOME NEWS
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Article, Illustration514 1985-05-11 2 LOH HUI YIN - Favourable factors include good quality and services By LOH HUI YIN THE STRONG Singapore dollar is causing local printers to lose some of their competitiveness. In certain cases, local printers' prices for full colour printing can be 15 to 30 per cent514 words
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131 1985-05-11 2 SEMBAWANG group's chief executive officer, Mr C N Wat- son, was re-elected chairman of the Singapore International Chamber of Commerce at its annual general meeting yester•day. The deputy chairmen are Mr J Snowden (Rediffusion) anH Mr JLD Evans of Orient Lloyd. The 12 members131 words
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Article, Illustration345 1985-05-11 2 MAJID Satay Anika has set up at the East Coast Recreation Centre, sharing premises with Barbeque Ranch to save on operation costs. Managing director Mr NS Aurora said the approach is an advantage at the present time as staff, utility and running costs are shared.345 words
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128 1985-05-11 2 THE HOUSING and Development Board's chief executive officer has plans for top management to make fortnightly visits to area offices in the housing estates. These informal meetings are to allow area officers to have direct contact with the management128 words
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511 1985-05-11 2 SHAHRIR ARIFF - By SHAHRIR ARIFF SINGAPORE must take strict action against book piracy if it wants more business from the US. This is because "many American publishers have a strong distaste" for printing in areas of the world where piracy is rampant, according to511 words
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164 1985-05-11 2 TENDERS for the piling contract for the Singapore Science Centre's $16 million omniplanetarium complex have been called. Contractors registered with the Jurong Town Corporation, the Public Works Department and the Construction Industry Development Board can tender for the project, which is situated next to164 words
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240 1985-05-11 2 STATUS-CONSCIOUS managers who keep their distance from subordinates can frustrate management's efforts to improve rapport with workers, warned Dr Wan Soon Bee, Minister of State (Prime Minister's Office), last night. Dr Wan said that there was a feeling of alienation between managers and workers240 words
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Article44 1985-05-11 2 MR TAN CHENG CHOW is not the chairman of the Serangoon Community Centre management committee as reported in the May 8 article "Director found guilty of cheating". Neither is Mr Tan a member of the management committee, said the People's Association.44 words
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178 1985-05-11 2 A SINGAPORE real estate valuer has been elected world president of the International Institute, a worldwide association of real estate professionals. John Carter, past president of the Singapore Institute of Valuers, will hold the post of world president, and Michael Sim178 words
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416 1985-05-11 2 YAP BOH HOON - Motor Leasing remains hopeful about Thai bid By YAP BOH HOON SINGAPORE company Motor k Leasing remains hopeful of winning its $492 million bid to revamp Bangkok's bus network. Reports from the Thai capital said the Bangkok Mass Transit Authority (BMTA) had chosen British Ley land to do the job.416 words
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Article897 1985-05-11 2 AT CONVENTIONAL WHARVES VmmI Berth Arrival Departure KEPPEL WHARVES Huavin K30 alongside 11.5/0600 Jenson IV K22 alongside 11.5/2300 Kota Angkasa K31 alongside 11.5/0600 Mondoeverett K22 alongside 11.5/0600 Argos K33 11.5/0200 12.5/0700 BRuminski K17 11.5/0600 14.5/0500 C Bonnie K32 11.5/0900 11.5/2300 Equator K23 11.5/0700 11.5/2300 ■can Duri K29897 words
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OVERSEAS
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492 1985-05-11 3 AP AFP THE WORLD'S major non-com-munist economies are showing encouraging growth, with Japan, Taiwan and Australia leading the way. A New York-based research organisation says the leading economic indices of the Pacific nations, led by Japan and Taiwan, are continuing to climb fasterAP; AFP - 492 words
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233 1985-05-11 3 AP PRESIDENT Ronald Reagan's administration yesterday rejected Soviet leader Mikhail Gorbachev's "implied criticism" that leaders of the Western alliance "somehow countenanced the actions of Hitler's SS or were responsible (or the outbreak of World War II". State Department spokesman Edward Djerejian also took issue with MrAP - 233 words
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345 1985-05-11 3 NYT OIL INDUSTRY executives in the US have said that reduced estimates of recoverable ofl and gas reserves off Alaska and other areas of the outer continental shelf mean that oil imports will increase in the future. The executives saidNYT - 345 words
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387 1985-05-11 3 Reuter PRESIDENT Ronald Reagan left Portugal yesterday at the end of a gruelling 10-day European tour in which he faced controversy in West Germany and protests in Spain but was welcomed as a friend and ally by the Portuguese government.Reuter - 387 words
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WORLD IN BRIEF
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Article75 1985-05-11 3 PREPARATORY meetings this month for the next and 12th seven-nation Tokyo summit are expected to discuss whether or not Australia should be included. The three-day 11th summit between the US, Japan, West Germany, Britain, France, Italy and Canada ended in Bonn last Saturday. An official source in Tokyo75 words
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Article89 1985-05-11 3 BRITAIN'S Department of Health has banned the further use of a natural growth hormone that is suspected of hav- ing caused three deaths in the US. The department's human growth hormone committee has told 1,000 British patients to stop using the hormone, used to treat children who89 words
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Article54 1985-05-11 3 THE British government plans to introduce sweeping measures to tighten public order laws in a (hive to curb street and crowd violence. Press reports in London said that the proposed measures, to be announced by Home Secretary Leon Brittan next week, would clamp down on street mobs, football54 words
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Article48 1985-05-11 3 Agencies AIR FRANCE is to start a second regular weekly flight between Beijing and Paris from June 29. The French airline said yesterday that the flight would be every Saturday, leaving Beijing at 1840 GMT, and arriving in Paris at 0645, stopping at Delhi. AgenciesAgencies - 48 words
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Article59 1985-05-11 3 THE Irish Republic could have its first trade surplus in 40 years in 1985. However, according to the annual report of the Irish central bank, released yesterday, heavy foreign debt repayments and the repatriation of profits by foreign companies would still leave a balance of payments deficit equivalent59 words
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Article69 1985-05-11 3 HIGHLY ACCURATE atomic clocks in the US will be set back by one second on June 30 to bring them into line with solar time, measured by marking the passage of the sun and stars across the sky. The US Naval Observatory, which operates the atomic clocks in69 words
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207 1985-05-11 3 AFP FRENCH President Francois Mitterrand has hinted that he may not attend next year's meeting of the main industrialised countries, and expressed disappointment at being abandoned by his West German allies last week. Speaking at the Elysee Palace one week after the Bonn economic summit,AFP - 207 words
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198 1985-05-11 3 NYT UNESCO's director-general has proposed that money be used from a reserve fund to help make up the loss of Washington's 25 per cent contribution to the budget. The proposal by the agency head, Amadou Mahtar M'bow of Senegal, came at the start of aNYT - 198 words
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139 1985-05-11 3 AP THE PATIENCE of the Americans and the Europeans is being "sorely tried" by the trade deficit with Japan, a top British government official said. "I was in Japan recently and I think that is being understood there," added Norman Tebbit, British Secretary of StateAP - 139 words
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245 1985-05-11 3 Reuter FRANCE has set off a huge nuclear explosion at its Mururoa atoll testing ground in the South Pacific, New Zealand government seismologists said yesterday. The blast, with an estimated yield of 150 kilotonnes, was probably the biggest since the French undergroundReuter - 245 words
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Article, Illustration504 1985-05-11 3 Package expected to be revised in House Agencies THE REPUBLICAN-controlled US Senate gave final approval early yesterday to a 1966 budget backed by President Ronald Reagan that would cut spending by US$295 billion over three years. The proposal allows greater domestic spending than Mr ReaganAgencies - 504 words
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120 1985-05-11 3 Reuter DEFENCE Secretary Caspar Weinberger said threats by the US Congress were the wrong way to persuade America's allies to spend more for arms. He made his remarks in a report to Congress assessing allied contributions to common defences, including spendingReuter - 120 words
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118 1985-05-11 3 NYT THE US House Intelligence Committee, meeting in secret session, rebuffed President Ronald Reagan on Thursday and voted to continue a ban on all military assistance to the rebels In Nicaragua for an additional year. The panel also rejected Mr Reagan'sNYT - 118 words
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Article756 1985-05-11 3 ARRIVALS Operator jcrvici Local rre« MAS KAL MAS MAS MAS AC CAL RBA SIA 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 PAL756 words
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367 1985-05-11 4 AFP US Central Intelligence Agency (CIA) chief William Casey and Philippine President Ferdinand Marcos met in Manila on Thursday to discuss "matters of mutual interest". Mr Casey, who arrived on Tuesday aboard a US Air Force jet and was to haveAFP - 367 words
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186 1985-05-11 4 AP PRESIDENT Marcos ordered the Justice Ministry on Thursday to investigate the citizenship of a judge who had been critical of his rule and by tradition would be the Philippines' next Supreme Court Chief Justice. An official announcement said the move came afterAP - 186 words
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325 1985-05-11 4 Reuter THE OUTLOOK for Anglo-Chi-nese relations is better than it has been at any time in history, said British Prime Minister Margaret Thatcher, in an interview with Chinese Journalists. She was quoted by the official New China News Agency (NCNA) as sayingReuter - 325 words
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Article, Illustration559 1985-05-11 4 Banks asked to help solve Third World debt problem AFP AP AN URGENT APPEAL for banks to help solve the Third World debt problem was issued yesterday by the head of the International Monetary Fund (IMF) Jacques de Larosiere in Washington. Financial support from large andAFP; AP - 559 words
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153 1985-05-11 4 AFP SIKH GUNMEN yesterday shot dead a right-wing political party leader in Hoshiarpur in northern Punjab state, and authorities clamped a curfew on the city after violence erupted to protest against the killing. The Press Trust of India said that Balbir Singh, a formerAFP - 153 words
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246 1985-05-11 4 AP Reuter CHINA yesterday accused Vietnamese frontier farces of lobbing more than 10,000 shells into south-west Yunnan Province this month, staging nocturnal sneak attacks into Chinese territory and killing or wounding 10 people. The official news agency Xinhua said: "Hie Chinese defence unitsAP; Reuter - 246 words
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Article106 1985-05-11 4 AFP UNDERWORLD crime boss Chen Chi-Li yesterday denied his previous statement that Taiwan's intelligence chief had ordered him to kill Chinese American writer Henry Liu. The Taiwan High Court yesterday started hearing the appeal of Chen Chi-Li, 41-year-old leader of Taiwan's largest underground syndicate, and hisAFP - 106 words
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Article147 1985-05-11 4 Bernama THE BULK of Malaysia's export trade will continue to be on a tree on board (FX®) basis until and unless producers and traders can be motivated and beconvinced of the benefits of exporting goods on the cost, insur- ance and freight termsBernama - 147 words
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Page 3 Advertisements
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Advertisement7 1985-05-11 3 Rrn Ant's 7475P Easiest Daily to New\brk.7 words
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Page 3 Miscellaneous
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Miscellaneous39 1985-05-11 3 Doonesbury T *&rt SF Y2 o." K r If MSIiM PKmmsK.uswN, ueuißm.im/wsove OFM6UYSHtoB*eNmK NG, AND N& tONOA RGURS tUGOM? iOUANAnLO&f. S» i V VA H H in WBTM wn ilils BY GARRY TRUDEAU M ft i i ii ii39 words
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RAW MATERIALS
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Article135 1985-05-11 4 Chinooo Produce Exchange (S*■*»•' mm daw pkm m May 10. S$/100k®). Coconut oil Bufc FOB 140.00 Otd drum FOB 153.00 New drum FOB 157.00 Robtato 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gombier FOB NSW 477.50 405.00 256.00 330.00 Cooro Mixed Ooom) Pepper Muntok Whit*135 words
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Article265 1985-05-11 4 Singapore C-l Ord unq (S$/Mo, <■ |i<w») Loonzotn Rico Frogront new crop 100% 1st grodo Ut 0 AA 100% 2nd grodo 2nd 0.64 100% 3rd grodo unq 3rd Now Crop 25% 10% 0 60 Parboiled Rico no stock no stock l0 227 222, Thoi Broken Moizo unq A-super Sptaal265 words
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Article103 1985-05-11 4 ANOTHER small afferlag nv tie Kult Lampar tto price firm ante 14 oents to M928.H per kg yesterday, still ketow the FTA fleer-level et $29.14. Tumtm irmei te 84 Uun tram 124 Ihintoj with mlaers MAh back to aittdMttoa fi higher tovato. m nttoht er ferelga metal was103 words
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Article145 1985-05-11 4 Yam (In HK$ per bat* of 400 Ik) China canted yarn, cones Bkia Phoenix 16'* 2.550 Bim Phoan* 2C* 2,700 Bk» Phoanix 32'* 3,300 Bkia Phoanix 4C* 3,650 Carded yarn, hank Bh*a Phoanix 21% 2,900 Combed yarn, cones Bk*a Phoanix 32'* 4,350 Bkia Phoanix 40'* 4,500 Opan-and yarn BkM145 words
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Article168 1985-05-11 4 SINGAPORE The market closed firmer yesterday with June One RSS buyers quoted at 168J0 cents per kg, up L 25 cents tram Thursday. The morning market gained 1.25 cents following higher overseas advices. Prices were unchanged from lunch-time levels in quiet afternoon trading. MALAYSIA The market closed higher yesterday168 words
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Article254 1985-05-11 4 RAS prices s wmai, roc i •oiM NOON CLOSE Int 1 RSS Prompt 170.00 171.00N 170.00 171.00N Int 1 RSS Jun« 85 168.50 ***** 168 50 169 00 Int 1 RSS July 85 170.25 170.75 170.25 170.75 Int 2 RSS 168.00 169.00N 168.00 169.00N UK/Coot 167.00 168.00N254 words
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Article143 1985-05-11 4 MALAYSIAN crude palm oil prices closed weaker yesterday in spite of processed palm ofl purchases by Pakistan and India on Thursday night and a higher Chicago toy complex close. The fall came on speculative selling following lack of demand for nearby positions. May deliveries in the central region143 words
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Article135 1985-05-11 4 SOYBEAN futures on the Chicago Board of Trade closed 2V« to six US cents a bushel higher in Increased trade on Thursday. July ended near the top of a 5Vi-cent range. A sharply lower dollar and higher prices in both soyoil and soymeal pushed up soybean values. Heavier deliveries135 words
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Article123 1985-05-11 4 WHEAT FUTURES on the Chicago Board of Trade ranged from up one cent a bushel in July to off one US cent in distant May in quiet trade on Thursday. July ended near the middle at a iVi-cent range. The sharply lower dollar against foreign currencies contributed to early123 words
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Article87 1985-05-11 4 (caartl/kf, )-ton H*»>JUNE 85 JULY 85 (currant month) (forwon i month) NOON NOON RAS Iwyan S«Win U y >f| S«fcn SSR 20 167.50 169.50N 169 50 171.SON SSR 50 165.50 167.SON 167 50 I69.50N MRELB |u) f S4m StttTl SMR CV 211.00 2I3.00N 213.00 2I5.00N SMR L87 words
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Article725 1985-05-11 4 COFFEE Robust* futures declined sharply on Thursday's close from their already depressed midday levels, following renewed sterling strength and a generally lower New York market Contracts ended £49 to £51 a tonne down from Wednesday night. July traded last at £2,154, down £49 and compared with its session725 words
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Page 4 Advertisements
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BANKING AND FINANCE
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259 1985-05-11 5 AFP JAPANESE hanks are close behind their American rivals in the international credit market, figures from the Bank for International Settlements (BIS) shew. US banks accounted for 28 per cent of the market and the Japanese banks 23.5 per cent in termsAFP - 259 words
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Article100 1985-05-11 5 AP THE WORLD BANK is lending Indonesia US$46 million to finance nearly half the cost of the country's family planning project. The bank said the principal aim-of the project was to support operations of Indonesia's national family planning coordinating board and to help the Ministry of PopulationAP - 100 words
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Article81 1985-05-11 5 AP MALAYSIA will get a loan of US$3l.2 million to help finance expansion of palm oil mill operations, the World Bank announced. The project, costing a total of $62.1 million, will include the construction of seven oil mills and technical assistance for a computerised dataAP - 81 words
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Article63 1985-05-11 5 MS FINANCE yesterday lowered its interest rates for deposits from 6 months to one year. The new fixed deposit rates are SV« per cent for 6 months (down V« per cent), 6 per cent for 9 months (down Vi per cent) and 6Vi per cent for one63 words
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687 1985-05-11 5 NYT THE FEDERAL Reserve Board, identifying what it fears may be a new and growing source of instability in the banking system, has approved guidelines for the use of daylight overdrafts by large banks in the US. Daylight overdrafts are loans that banksNYT - 687 words
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644 1985-05-11 5 Reuter RECENT DISCUSSIONS on project financing are the latest steps in Mexico's climb away from near-bankruptcy in 1962. Public credit director Angel Gurria said yesterday that both international lending agencies and private commercial banks were involved in small-scale talks on infrastructureReuter - 644 words
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225 1985-05-11 5 NST BANKS SHOULD prepare themselves to handle more Malaysian exports following recent trade missions by Malaysian leaders. The chairman of the Association of Banks of Malaysia, Tan Sri HaJi Basir Ismail, said the preparation should include the provision of high-quality andNST - 225 words
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Article179 1985-05-11 5 AFP THE BRITISH marine insurance market should reap between US$7O million and $100 million worth of Chinese reinsurance business from 1966 onwards as a result of a recent visit to Beijing by a delegation from Lloyd's, London's insurance market. This was forecast by the leader ofAFP - 179 words
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464 1985-05-11 5 NYT BRAZIL'S new civilian government has called for repayment terms from its creditors that will permit the country to resume its economic growth. But the government, which took office on March 15, has also proposed sharp cutbacks in spending and subsidies aimedNYT - 464 words
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Article233 1985-05-11 5 AP A LARGE QUANTITY of unused international credit is available to China for its modernisation, a leading British banker said at the end of a three-day conference in Beijing. "The problem is to structure the credit so it is acceptable to China," said Mr Robert FaxAP - 233 words
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MONEY AND EXCHANGES
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Article716 1985-05-11 5 SINGAPORE The US dollar weakened against most major currencies in thin and nervous late trading yesterday. The dollar closed weaker at 3.1250/71 marks compared with an early 3.1455/75 and New York's 3.1410/30 close. It fell to a late 2.6300/30 Swiss francs from an early 2.6390/6420 and New York's716 words
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Article239 1985-05-11 5 Asian market ASIAN dollar deposit rates closed steady yesterday at opening levels in quiet trading. Short-dates were unchanged at the outset due to a steady US federal funds rate and stayed at tflht level "with weekend rinsing at 8-1/16 7-15/16 and week fixed at 8-3/16 8-1/16. 7 day 1 month239 words
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Article, Illustration55 1985-05-11 5 RESULTS of tender held yesterday tor 91-day Treasury UDs to be lamed from May 13 to May 17. Offered: 180,000,000. Appßed far: $73,160,000. Allotted: 150,000,000. Aeespled Mds: $99.28 approximately 32 per cent; higher bids in full. Jmsnl: 2.960 per cent per annuo/. aOCMB mm* d In ptn iMdtaf55 words
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Article113 1985-05-11 5 THE OVERNIGHT rate on the Singapore interbank money market fell hy 1/4 point from Thursday to close at 33/4 yesterday. The one, two and threemonth term rates remained unchanged across the board. e* -—L HirtiDonn rotes of 3p*i y**t< irdoy! Ohm aw 0*m n** 3 3/4 3 S/S113 words
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Article178 1985-05-11 5 Interbank rates at 3pm yesterday: Local dollar* to aoa wot a4 fnvifi currency: J* roes parity US dolor Staring pound Auttrafean dolar NZ dolor Conodwn dolor 2 2255 2.7384 ***** 1.0061 1.6115 2.2275 2.7431 ***** 1.0112 1.6141 2.8196 7.3469 3.4286 3.4286 ***** -21.07 -62.73 -55.31 -70.60 -52 89178 words
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Article320 1985-05-11 5 BA Futures lUMDOLUB futures came off yesterday from CME's firm closing level 011 Thursday but reversed direction in the afternoon following the announcement that the US Senate has given final approval to the 1986 budget. June and September contracts backed up from the day's lows to close at 91.41BA Futures - 320 words
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Article210 1985-05-11 5 HOMQKOMQ: The metal closed slightly VIMWam f— mgner yesterday in auriy quiet trading, reflecting weakness in the US dollar. Dealers said prices were confined within a narrow range of Just over US$l ss traders were sidelined in the absence of fresh incentives. The metal ended at $313.50/314.00 an ounce210 words
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TIME-OFF
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Article500 1985-05-11 6 Coming hot on the heels of the closure of Mohan's department store was the winding up of another famous name in retailing Peter Chew's Department Store. Only one day after Mohan's went under the auctioneer's hammer, Peter Chew's followed suit. The separate writs filed were really500 words
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Article, Illustration1281 1985-05-11 6 ZHOU MEI - By ZHOU MEI HE WAS taught the ok) classics in a village in pre-communist China; then continued his education in iTngiigh in Singapore, but started with a disadvantage because he was an over-aged pupil who thought only in Chinese. "It was a very difficult period,"1,281 words
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Article275 1985-05-11 6 IN COUNTRIES where people commute daily by train, a train that starts and ends at the same station without stopping inbetween is a puzzle. A Japanese visitor to Singapore thought he could take the train from the station at Keppel Road and drop off at Mandal.275 words
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Article1148 1985-05-11 6 What's on from May 11- 17 CONCERTS: iingapnrs Symphony Oiuhaatra •MMeM Lyoia Artymiw. Victoria Concert Hall. llSpm. Tickets $15, $10, $7, $4. Aitwx and Visa bookings ovaiabie, cal box-office *****20 for details. Programme Glinka's Russian Ludmilla: Overture: Chopin's Concerto for Piano ond Orchestra No 1 Op 11 in E1,148 words
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Article, Illustration136 1985-05-11 6 VOLKER Schloodorff, Qormon film director, holda a on Mm making that to imaahamafly popidtot 1 full in that tt*a only a popular medium, M IMCfCllOiOn, mil iFli CintfTll 1,, a Ifiyinil ft CMi rtiify M |u»uTita. Schlondorff to not given to and entertaining, and hto IHma contain an136 words
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Page 6 Miscellaneous
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Miscellaneous748 1985-05-11 6 CRYPTIC PUZZLE ACKOSS 9 Then, that tie was knotted by myself (2, 3, 4) 10 Prbckxm it's a female cat (8) 12 It's a How whan the cronies or* brought bock (4) 13 Sound as a be»! (6) 14 Cheer up whan you're told the materiol has boon returned (7)748 words
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SPORTS
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Article, Illustration643 1985-05-11 7 BRIAN MILLER - By BRIAN MILLER I BELIEVE it must be difficult when you're boxed in the same yard with star horses like Big Chief, St Gallen, Feu Vert and Siapa Rajah IV. There's a strong possibility that you could be overshadowed or, worse still, overlooked.643 words
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248 1985-05-11 7 AP BOBBY RAHAL. driving his back-up Cosworth-powered March, reclaimed the unofficial record for the Indianapolis Motor Speedway with a blistering 344.62 km/h clocking midway through Thursday's practice session for the Indianapolis 500. Rahal, who finished seventh in his third IndyAP - 248 words
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423 1985-05-11 7 WALTON MORAIS - By WALTON MORAIS KEPPEL's monthly competition played today will be somewhat overshadowed by this weekend's Sembawang Open. This is especially so since one of Keppel's leading players has chosen to bypass today's event in favour of the A Division423 words
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Article157 1985-05-11 7 AP MARK O'MEARA of the United States shot a four-under-par 67 to take a one-stroke first round lead in the US*l6O,OOO Fuji-Sank-ei Classic golf tournament in Ito, Japan, on Thursday. The 28-year-old O'Meara, winner of the 1984 Hawaiian Open golf tournament, carded one eagle, five birdiesAP - 157 words
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Article, Illustration364 1985-05-11 7 UPI THERE IS no {dace for the Celtics like Boston Garden, New York. "The home court definitely makes a difference," Piston guard Isiah Thomas said on Wednesday night after the Celtics defeated Detroit 130-123 to take a 3-2 lead in the Eastern Conference basketballUPI - 364 words
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Article, Illustration264 1985-05-11 7 Reuter FAVOURITES John McEnroe and Ivan Lendl toyed with their thirdround opponents but former French Open champion Yannick Noah was beaten by American veteran Terry Moor on Thursday in the U*****,000 Tournament of Champions at Forest Hills, New York. Noah, whose only victory sinceReuter - 264 words
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Page 7 Advertisements
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Advertisement17 1985-05-11 7 CURKHKICH gives you more than a run lor your money He gives way *> W-X V p 417 words
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Page 7 Miscellaneous
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Miscellaneous1167 1985-05-11 7 L to em HIGHLIGHTS Centrestooe: All The Way 8.90pm, Channel 12 This is a beautiful and moving Pulitzer Prize-winning play by one of the great writers of TV, Tad Mosel. ving Pi Df the The story is based on James Agee's novel, A Death In The Family, another Pulitzer Prize1,167 words
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INTERNATIONAL STOCKS
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274 1985-05-11 8 UPI SEMICONDUCTOR manufacturers will see a 4-per-cent decline in worldwide shipments this year, but —w will pick up in the third quarter and continue to climb through 1966 and 1987. According \o a semi-an-nual forecast released yesterday by the Semiconductor Industry Association, totalUPI - 274 words
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Article225 1985-05-11 8 Reuter TRANS WORLD Airlines Inc intends to "take all appropriate steps to protect the company from any actions It conskVrs inconsistent with its goals". The company was responding to the news that New York financier Carl Icahn had bought about 20.5 per cent ofReuter - 225 words
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296 1985-05-11 8 Reuter WALL STREET share prices closed sharply higher on Thursday as investors reacted to optimism about lower interest rates. It was the strongest advance in more than two weeks. The Dow Jones Industrial Average rose by 10.49 points to 1,260.27. The volume on theReuter - 296 words
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Article143 1985-05-11 8 MAY Of AfaHfci c» It* fenp Ot hco SO* It* 37* -ft AJcon Maomo 33* 21* M Ut* 19* 14*B -I* Argoin Hdqi Bdrk Mont Cjm^U oar* rtovo jcona M Canada ■P Can Lid 20* 26* 12* 40 34* 27* 31* unch 1* Lofalw B Mohan A It 2*143 words
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Article261 1985-05-11 8 MAY Of UHMC 525 5 Wootworth 1500 ♦25 MOUSTVtALS MM RNGS A Ajpho 135 3 2780 130 AE And CI "Z~ .."Z KQS undi ***** unch A«napfop AMlC 410 2625 10 BulMl 8200 35 ISO Bartow* 1210 7so Chartar 4608 10 C 6 Snrtfh CNA Gflito Rnar IZZZZ1 m261 words
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Article646 1985-05-11 8 MAT 0» USB Atean Alumto Alcoa Atofan, Lud AM Oww Cp AJbCMnai Am >w4 he Am Broodcast Am Can Co Am OWMMM Am BK NI Am Lyri Am Mo*on Cp Am MM* Gm AmTdi T«L Amax Inc AMF he Amr Corp Aoortc toe Ad MchMd Avon Product* 24*646 words
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Article648 1985-05-11 8 Amsterdam MAT 0» Ni ABN 427.00 ■2 flaiMMl 185 50 ♦as Ahotd 219.50 •2.5 Mao 106.80 -1.9 amev 241 JO -U A»i<w Aim Bank IZ 75.40 +0.3 ■•U 54.30 -0.5 Bob 93.20 -IJ 384.00 inch IT* znn IZ 91.00 1.5 Colond 36.80 ■02 CMva ***** -3 Dal M|648 words
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111 1985-05-11 8 AFP AUSTRALIAN publisher Rupert Murdoch has put the Chicafo Sun-Times newspaper up (or sale to comply with Federal Communications Commission (FCC) rules prohibiting croaa-ownership of newspapers and television stations In the same city. Mr Murdoch announced plans earlier this week to buy seven US televisionAFP - 111 words
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Page 8 Advertisements
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Advertisement376 1985-05-11 8 (i WSim to wioe, dine aai HE 4r f #i V n 1 fJi SftLl "&32&522#*" HOTEL ASM Many happy rrtum* 37 Scot* Road Srapo«tOo22 Tel *****08 W» RS243I3HOIASM Novotel Orchid Inn Presents Indonesian Exotica "V i* r>o il > V- v;- a Kan Ayam and Kan K*m6mo and Kari376 words
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Advertisement54 1985-05-11 8 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! cr?own •fWWQBfCm 270 Orchard Road. Singapore 0923 Teteu H*****9 WCBOWI. tab*: CHOWmOTCL. rac: *****18. Tafc *****11 Ample54 words
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ASIAN STOCKS
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Article325 1985-05-11 9 HONGKONG: Shares closed slightly higher in active trading yesterday as late bargain hunting lifted prices from their early lows. The market opened steady but was soon depressed by profit-tak-ing, which pushed the Hang Seng Index 10.75 points down to 1,599.34 at the morning close. Turnover was HK5372.26 million compared325 words
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Article196 1985-05-11 9 MAY M AI Sincaro Indus Alio Camant Cathay Cons KT 2.38 23.20 ?■>70 •0.04 -0.1 4-0.3 Uan Hwa Indus Nan Ya fas Poahc Cora Poof* Bact Wn 11.95 26.90 18.30 13.25 ■0.1$ unch +a3. -0.1 48.10 1 38 -1-0.02 Chan Loong 20.00 21 30 -0.3 •0.1 16.40 •a4 14.30196 words
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Article449 1985-05-11 9 SYDNEY: Share markets closed easier yesterday but off their lows as buying for selected gold stocks helped offset an early run of prof-it-taking. The All Ordinaries Index fell 4.2 to 8817, the All Resources Index fen 6J2 to 610.4 and the AH Industrials Index fell 1.2 to 1,234.8 while449 words
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Article97 1985-05-11 9 TOKYO: Share prices rose steadily throughout yesterday, led by in-centive-backed issues, driving the market average to its highest closing this week. The market average climbed 52.80 to 12,527.31, recouping Thursday's 46.69 loss on active turnover of 430 million shares against 340 million on Thursday. The Stock Exchange Index trimmed 1.5897 words
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Article114 1985-05-11 9 MANILA: Share prices closed generally higher in quiet trading yesterday. The Mining Index rose 1.91 to 655.59 and the Oils Index 0.011 to 0.664 while the Commercial A Industrial Index fell 3.01 to 129.72. MAY 10 Nat 0.0014 «*eh Oriantol B 0.011 +0.00 Acoto Mining 0.0014 utch PMax 0114 words
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Article159 1985-05-11 9 BANGKOK: Share prices closed higher in active trading yesterday. The Book Club Index rose 1.01 points to 136.86 and gains led losses by more than three to one. Turnover jumped to 1.2 million shares worth 58.6 million baht. MAY M 1 Aokhom Thai Mo Siam Oiz an Stam Oy159 words
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Article78 1985-05-11 9 MAY 10 Bark Seoul Wo* 601 unch htywidai Corat miin. rryunooi motor KAL. 901 557 445 UKtl +2 •I CMmna fe- 580 unch KorMFnt 667 3 Commercial 8k 635 468 +2 +3 Koroa Ofl 472 -5 Daewoo Corp 476 ■5' Lucky Lid 595 555 3 709 487 -13 79678 words
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249 1985-05-11 9 Reuter A DELEGATION of top Chinese government officials visiting the US to recruit business partners has signed a US$l2-million Joint venture with McDermott International Inc to manufacture industrial boilers. A total of 103 projects and llr—««fag agreements, ranging from production of soft drinksReuter - 249 words
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350 1985-05-11 9 AFP A TAIWANESE conglomerate has negotiated with the troubled Cathay Investment Group to take over three of its profitable enterprises. Business sources said Chang Hsiu-cheng, chairman of the Yeong Horng Co Ltd, a construction and land development company, had confirmed his interestAFP - 350 words
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162 1985-05-11 9 AFP THE TOY INDUSTRY in Hongkong, the world's largest toy exporter, faces slower growth this year because of overstocking in the US. A C W Blaauw, a director of the Playmates Holdings Ltd and the rmging director of Meco Development, forecast theAFP - 162 words
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327 1985-05-11 9 Reuter FORD MOTOR CO does not know bow much of its small-car production will remain in the US and it is actively seeking foreign manufacturing sources for its smaller models. Ford rhutrman Donald Petersen, speaking at the company's annual shareholder meeting, said sourcesReuter - 327 words
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Page 9 Advertisements
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Advertisement692 1985-05-11 9 t aIMVnP a TTrr -> m W+ FOR FURTHER INFORMATION CALL <*so -S3 ir.P Music Room 9t IX 75 From English afternoon teas of hot scones and strawberry jam, to evening cocktails. Then dance to the music of Juliana's of London. Linger. The mood is Distinctively Hilton in Style. HUONNTWNftTIONAb692 words
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Advertisement50 1985-05-11 9 Listen to (irc.it \n\' Sounds at CAIRXHILL COCKTAIL U)l'\(.i; With Ramon D Mew Blackjacks s Happy Hours: spm 7pm With Sunny and Stamford 35 For reservations please call 734 6622 mMtmmmiijL mom, 19, Cairnhill Circle, Singapore 0922 Our Chefs. Recommendation: Deep r ""g* e rt) o tf n TV n50 words
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SHARE INFORMATION
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Article, Illustration4118 1985-05-11 10 THE SINGAPORE stock market came alive yesterday after moving sluggishly for the past few weeks, thanks to good news from across the Causeway. Stocks rose across the board on improved volume. The BT Composite Index rose 6.38 points to 714.06 and the4,118 words
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Article2697 1985-05-11 10 BID and offer prices officially listed and business in and reported to Uie Stock Exchange of Singapore yesterday with the' number of shares traded shown In brackets In lots of 1,000/unltr unless otherwise specified. All Time Settlement Contracts are quoted after the word "BKTT". Big2,697 words
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Article199 1985-05-11 10 SINGAPORE Rt*M IndicM Mav 9 May 10' Vaa Oar Mawl 190 +21 rTCaaaaaM 707.70 714 04 C HM» 50< 190 +|9 rMat 35*9624 *****71 Kaatwcky Sfara 275 +17 gTOt/OS -IW -09 nSSJU 791.7* 790 12 5 5 5 STF«a«a 2309J1 2319.4S P fI2 t 5«STMaia* 017.49 0»fJ0199 words
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Article56 1985-05-11 10 INCHCAPE BEBHAD: Eighteenth AGM at Inchcape Hook, 450/452 Alexandra Road, Singapore 0511 on Tuesday, May 14. EUL1M (MALAYSIA) BEBBAD: Tenth AGM at Ttaram Estate, Uhi Tlram, Johore, Malaysia on Tuesday, May 14 at noon. AMCOL ELECTRICAL INDUniUB IisriM: AGM at If, Wan Shih Road, Jurong, Singapore 2262 on56 words
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Page 10 Advertisements
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COMPANY NEWS
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Article, Illustration246 1985-05-11 11 HOCK LOCK SIEW - CHART PSIINT By HOCK LOCK SIEW THE CHART pattern of one-time "high-flyer" Malayan United Industries Bhd ($150) could herald a recovery of major proportions; and probably sooner than expected. Following the sharp but short-lived technical rally in July/August last year, die counter formed a bearish double-top pattern246 words
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Article96 1985-05-11 11 HONGKONG Hong Sang Indox Thursday Week ago 1236.1 1211.9 Friday 1613.36 Thursday 1610.09 NEW YORK WMk ago 1550.80 Dow Jonas Thursday 1260.27 TOKYO Wednesday 1249.78 Tokyo Dow Jonas Week ago 1242.27 Friday *****.31 Thursday *****.51 Standard Poors W««k ago Closed Thursday 181.92 Wednesday 180.62 TSE Indax Week ago96 words
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Article937 1985-05-11 11 EQUITIES. closed firm yesterday, helped initially by the 10-point gain on Wall Street and further supported by buying for the new three-week account. The FTSE 100 share index at 3.30 pen was up 4.3 at 1310.fi. n-|||,L Tal «nn ft»».. ■.1 oTitttd iwcon nrmeo 2p to 157 following937 words
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312 1985-05-11 11 NAJEEB JARHOM - By NAJEEB JARHOM SINGAPORE animal feedmillers are not alone in experiencing sharply lower profits. Their Malaysian counterparts, including Sin Heng Chan (Malaya) Bhd, also lace the same problem owing to an intensely competitive market. Group pre-tax profits at Sin Heng Chan, one312 words
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Article202 1985-05-11 11 Monoo«rs' priccs for Moy 11 13 Singapore Unit Trust The Commtrci 2 00 2.12 The Savings Fund 1.43 1.52 S'pore Prog Fund 0.84 0.89 S'pore Sec Fund 1.24 1.31 S'pore Invest Fund 0.90 0.95 S'pore Equity Fund 0.86 0.91 Third B'putra Fourth B'putra Fifth B'putra Sixth Bputra Seventh202 words
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Article622 1985-05-11 11 AMY CHEOK - Company to provide bus consultancy service ay AMY CHEOK SINGAPORE BUS Services (1978) Ltd is undertaking a study to examine the impact of the Mass Rapid Transit system on the company's operations. And to prepare for future growth, the company is organising itself to provide622 words
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373 1985-05-11 11 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN PROFITS OF Intraco, the international trading company with interests ranging from fashion designing to the manufacture of galvanised metal roofing sheets, reached a plateau in 1962. Since then trading conditions have steadily deteriorated both at home and abroad, said chairman Lien373 words
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Article259 1985-05-11 11 LEE KIM TAB Beltings Ltd has entered into a preliminary agreement with two Chinese parties to form an equity joint venture in China. The venture will carry on businesses ranging from property development, manufacture and trading of building materials, construction machinery, building and civil engineering construction, and warehousing259 words
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529 1985-05-11 11 THE KUALA LUMPUR stock market closed steadier yesterday for the second consecutive day as good news about a possible resolution of the MCA crisis spread. The pace of trading was stepped up with interest centred in special situation stocks, some of which scored529 words
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Article2143 1985-05-11 11 BID and offer price* officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lott of 1,000 units unless otherwise specified. MDUSTRMLS Ajinomoto (3.128 3.305X1) 3.10 (0 3.12 xd A Choc2,143 words
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683 1985-05-11 12 LEE HAN SHIH - Rebate of 15pc for one year By LEE HAN SHIH A $46 MILLION rent rebate announced by two major statutory boards yesterday will benefit many businessmen but has left private developers fearful of more competition. The Housing and Development Board and the683 words
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332 1985-05-11 12 A SUBSTANTIAL increase in re-exports contributed to Singapore's trade growth last year. Re-exports worth $17.8 billion last year represented a 12 per cent increase over 1983's figure of $15.86 billion. In 1983, re-ex-ports increased by only 8 per cent. The composition in the332 words
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342 1985-05-11 12 BHAHRIR ARIFF - By BHAHRIR ARIFF SINGAPORE'S bilateral trade with Indonesia tumbled 41 per cent to U553.92 billion last year. This is the first drop in total trade since 1964. However, in spite of the drop, Singapore remained Indonesia's leading trading partner in the region.342 words
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Article, Illustration254 1985-05-11 12 BANGKOK police have arrested a 15-year old schoolgirl for alleged involvement in bomb threats made on the Singapore Airlines' office in the Thai capital. The unidentified girl was also alleged to have bee involved in a connected attempt to extort five million baht254 words
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341 1985-05-11 12 AP AFP MANY CHINESE shoppers reacted sullenly yesterday to the first day of sharply higher meat, poultry and fish prices at Beijing's state shops. Many shoppers could be heard grumbling about the price increases, part of the communist party's economic reforms aimed atAP; AFP - 341 words
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239 1985-05-11 12 THE LAST formality on the entry of foreign banks into Australia has now been cleared. The Banks (Sharehoiel'ngs) Amendment Bill 1985, covering foreign banks operating in Australia, completed its passage through both Houses of Parliament yesterday. The legislation increases from239 words
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377 1985-05-11 12 YAP BOH HOON - By YAP BOH HOON JAPAN'S C Itoh has been awarded a $32 million contract to supply the new Bukit Timah earth satellite station with a fully computerised antenna system. The ground station will be the first in Singapore to use optic377 words
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Article200 1985-05-11 12 TAXI DRIVERS from NTUC Comfort have agreed on an alternative fare structure which will be presented to the Ministry of Communications and Information. Three hundred committee members from 10 NTUC Comfort kiosks met yesterday to work out the new structure. A spokesman for Comfort would not200 words
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Article157 1985-05-11 12 Reuter THE HONGKONG DOLLAR advanced to 7.7680 against its American counterpart, its highest traded level in Hongkong since being pegged to the US unit at 7.8 on Oct 17, 1963. Dealers attributed the currency's strength to an influx of capital from South-east Asian countries seekingReuter - 157 words
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Article66 1985-05-11 12 Renter THE New York stock market charged ahead in early trading yesterday, with a broad advance on heavy volume. The Dow Jones Industrial Average, which gained 10 points on Thursday, was up nine points to 1269. Advances led declines by a seven-two ratio on turnover of 16.58Renter - 66 words
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LATE FILE
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Article58 1985-05-11 12 Reuter THE OFFER for sale of 146.8 million shares in British Aerospace PLC at 375p each was oversubscribed, merchant banks Klein wort, Benson Ltd and Lazard Brothers Co Ltd said. The basis of allocation is expected to be announced on May 13. The statement did not sayReuter - 58 words
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Article73 1985-05-11 12 THE MOST SENIOR government official to be charged under Hongkong's bribery laws was Jailed yesterday for six years and his wife was sentenced to two years as an accomplice. Mok WeiTak, 47, acting director of the building development department when he was suspended from duty73 words
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Article61 1985-05-11 12 AFP US SECRETARY of State George Shultz arrived in Jerusalem yesterday for his first visit for two years, on the first leg of a trip which will also take him to Jordan and Egypt, in an attempt to implement latest proposals for Mideast peace talks. Mr ShultzAFP - 61 words
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Article40 1985-05-11 12 AFP ONE OF SEVEN MEN convicted in Indonesia on Wednesday on charges connected with trying to tow a tin-drilling barge back to Singapore appealed yesterday to Indonesia's Justice Minister for the return of his vessel. AFPAFP - 40 words
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Article58 1985-05-11 12 AP THREE SOLDIERS and 17 guerillas died on Thursday in the troubled north of Sri Lanka in skirmishes between Tamil separatists and security forces, the Information Ministry said. Among those killed was Major Srimal Mendis, the second highest ranking army officer to be killed in battlesAP - 58 words
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Article63 1985-05-11 12 AFP THE BRITISH PRESS exploded yesterday over revelations of errors and inefficiency in Britain's prestigious MIS counter-espi-onage service, which Prime Minister Thatcher said would be thoroughly reorganised under a new director general. The Times noted that a security commission report on MIS levelled "charges ofAFP - 63 words
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Advertisement268 1985-05-11 12 VAN DER HORST LTD (Incorporated in the Republic of Singapore) Half Maariy Report on consolidated results tor the six months ended 31st March 1965. These figures have not been audited Lateet Previous Half Vter Corresponding H to 31/3/85 Rwtod or $'000 fOOO Co. Group Co. Group Co. Group 1. (a)268 words
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Page 12 Miscellaneous
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Miscellaneous55 1985-05-11 12 \aimsm Outlook toe todoy: Showers orer several areas in the afternoon Report for 24 hours prior to 7 30pm on May 10 at the airport: Maximum temperoture 32.5 Associated humidity 66 Minimum temperoture 25J Associated humidity '5 Hours of sunshine 6 60 Roinfoll in millimetres ml RamfoH this month 1.455 words
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