The Business Times, 20 July 1985
1985-07-20
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section12 1985-07-20 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, JULY 21, ISBS 60 CENTS12 words
-
Article598 1985-07-20 1 ALVIN TAY, AMY CHEOK - Go-ahead if companies show sufficient interest, says MAS By ALVIN TAY, AMY CHEOK A SECOND BOARD comprising only foreign shares may be formed on the Stock Exchange of Singapore if the interest of foreign companies increases, said the Monetary Authority of Singapore. Only seven foreign598 words
-
Article375 1985-07-20 1 SINGAPORE'S money supply (Ml) last year grew at its slowest pace for a decade, reflecting the decline in real economic growth and the switch of funds from demand deposits to savings and other interestbearing accounts. Ml, comprising currency in active circulation and demand deposits,375 words
-
Article, Illustration312 1985-07-20 1 SHARE PRICES on the Singapore stock market raced ahead yesterday in a burst of aggressive buying. Sellers and brokers were surprised by the sudden demand for Singapore and Malaysian shares which took the indices up by a record rise this year. Yesterday's312 words
-
428 1985-07-20 1 Reuter THE WORLD'S major trading countries yesterday failed- to agree on a date for high-level talks aimed at stemming a rising tide of protectionism. But the US invoked a surprise procedure to try to force reluctant countries to the table thisReuter - 428 words
-
435 1985-07-20 1 RICHARD SEAH - By RICHARD SEAH Special Correspondent NO ESCAPE from reality is being provided for players in the National Management Game. As in real life, most would be moaning about poor business as 90 of the 105 participating "companies" were in the red435 words
-
Article, Illustration524 1985-07-20 1 TERESA LIM - By TERESA LIM Special Correspondent ANOTHER SINGAPORE company has confirmed its interest in buying the Excelsior Hotel in Hongkong. The Hong Leong group confirmed it had held talks with Hongkong Land on the 948-room Excelsior just before Kuo Oil moved in, and was524 words
-
Page 1 Advertisements
-
Advertisement214 1985-07-20 1 International Conference on OIL TRADING ACTIVITIES and OPPORTUNITIES in Asia Pacific Basin 16-18 Sept Hyatt Regency S pore Supported by: S pore Economic Development Board S pore Trade Development Board Organised by: mferfoma Pte Ud 1 Maritime Sauare, 12-05. World Trade Centre, S pore 0409. Tel: *****12 THE CLUB THAT214 words
-
Advertisement310 1985-07-20 1 More reports on Pago 10, International stocks Page 8, Asian stocks Page 9 mm SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS SHIPS IN PORT CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW A BRILLIANT marketing ploy was recently conceived by a Singapore hotel to offer free lunches to woo taxi310 words
-
Advertisement164 1985-07-20 1 Interest rate differentials, Page 5 You don't need to have Special Qualifications to be a Director.... But you have to know your DUTIES and LIABILITIES DIRECTORS' DUTIES AND LIABILITIES Catherine Tay, Lecturer, National University of Singapore Tang See Chlm, Legal Practitioner This is the first book written since the Companies164 words
-
Advertisement44 1985-07-20 1 BUILDTEX'B6 S.E. Asia 3rd International Exhibition of Building Equipment Materials 27 February -2 March 1986 World Trade Centre -S pore Interfama Pte Ltd Marine Parade PO Box 533 Singapore 1544 Tel *****12 Tele* RS *****INFAMA City Dev results, Page 11 King's Hotel, Back Page44 words
-
-
HOME NEWS
-
444 1985-07-20 2 AMY BALAN - By AMY BALAN AMERICAN EXPRESS Bank, the wholly-owned international banking arm of the American Express company, yesterday launched a service package designed to give it the cutting edge in the competition for deposits from "high net worth individuals", otherwise known as444 words
-
Article81 1985-07-20 2 THE PUBLIC WORKS Department will be repairing the bearings of the flyover at the junction of Pan Island Expressway and Paya Lebar Road tomorrow between midnight and Bam. During this period, the flyover at this junction will be closed to traffic. Traffic going towards Changi will81 words
-
327 1985-07-20 2 DEVELOPERS SHOULD closely monitor trends in demand and design of commercial, residential and industrial buildings before starting on new developments, said Mr Clive Cowham, senior partner with Jones Lang Wootton. "It must be remembered that property development of any significance in Singapore327 words
-
Article883 1985-07-20 2 AT CONVENTIONAL WHARVES 1 Sena Hin 3 M4B 20.7/0800 20.7/1800 VhmI Berth Arrival Departure New Line No 2 Putri Mawar M2A M3 20.7/0700 20.7/1900 20.7/1400 20.7/2359 KEPPEL WHARVES Equator II Hugheverett K23 K21 alongside 20.7/0700 alongside 20.7/1500 SEMBAWANG World Lion S2 SI alongside 20.7/1900 20.7/1200 20.7/0700 J883 words
-
246 1985-07-20 2 THE HIGH COURT yesterday dismissed a winding-up suit by Fitzpatrick's, owner of The Promenade, against French bakery La Boulangerie De Paris to recover $90,000 from its tenant. "The matter was resolved on certain terms," was all that Fitzpatrick's lawyer would say.246 words
-
Article163 1985-07-20 2 DR PETER LUDLOW, director, Centre for European Policy Studies in Brussels, will arrive tomorrow. An authority on European affairs and international history, Dr Ludlow will be accompanied by Mrs Carole Ludlow. On Monday, Dr Ludlow will speak at a seminar on "European Community: Present Problems and163 words
-
Article, Illustration362 1985-07-20 2 LISA LEE - By LISA LEE HOMESTEAD will open at least three new outlets within a year to grab a bigger share of the $300 million home furniture market. As the current market size is likely to remain static, the company intends to concentrate362 words
-
217 1985-07-20 2 MALAY PARENTS are not doing enough to help their children excel in education although they aspire to see them receive at least junior college education. While the parents would like their children to have good jobs, they did not discipline the children's study217 words
-
376 1985-07-20 2 LEE HAN SHIH - By LEE HAN SHIH "EDUCATION" for Singaporeans never ends, at least not in the Housing and Development Board estates. More than two million Singaporeans now live in these estates on top, below, and within spitting distance of each other, and HDB officials are trying376 words
-
190 1985-07-20 2 THE HDB SALES SECTION receives as many as 2,000 telephone calls on some days. To cope with these, it has increased its capacity to answer enquiries by 50 per cent. Five officers have been sent in as reinforcement and 20190 words
-
242 1985-07-20 2 LONG-TIME arts patron Mobil Oil Singapore enters a new arena sports with the first Mobil Marathon on Oct 6, which will alternate yearly with the Singapore International Marathon. Announcing Mobil's newest $75,000 community project, its acting chairman and director of planning and242 words
-
114 1985-07-20 2 THE MARKETING division of the Singapore Tourist Promotion Board (STPB) and the Singapore Convention Bureau will be jointly participating in the Second World Congress Seminar and Exposition on Meeting Management and Incentive from July 23 to 25. The congress will be held in New114 words
-
211 1985-07-20 2 MDS (SINGAPORE), a subsidiary of one of Australia's largest advertising companies, is to merge with locally-owned Adman Enterprises to form a new company called MDA Adman. Managing director of MDA (Singapore), Bruce Davidson, said that the merger was the first step towards regional expansion211 words
-
-
Page 2 Advertisements
-
OVERSEAS
-
Article, Illustration479 1985-07-20 3 AP WHITE HOUSE chief of staff Donald T Regan angrily denounced the "ridiculous" budget deadlock in Congress on Thursday as lawmakers pondered how to produce a major deficit-re-duction package. "The federal government, the world's largest economy, the strength of the free world, is about toAP - 479 words
-
Article81 1985-07-20 3 AFP JAMES MILLER, the head of the Federal Trade Commission, will succeed David Stockman as director of the Office of Management and Budget. Congressional sources said the appointment would be announced later. Mr Miller, before moving to the commission that enforces trade legislation, hadAFP - 81 words
-
495 1985-07-20 3 Move unlikely to open new markets AFP AP US TREASURY Secretary James Baker said the administration would fight a Congressional move to impose a 25 per cent tax on imports from Japan and other nations with an excessive trade surplus with the United States.AFP; AP - 495 words
-
187 1985-07-20 3 TAIPEI WILL APPEAL to the US to reject a congressional Bill calling for a 25 per cent duty on imports from Taiwan, Japan, Brazil and South Korea, a senior economic minister said. Vice-Economic Minister Li Mo said on Thursday that if Congress approved187 words
-
163 1985-07-20 3 AFP PAY RISES ranging from 5 to 48 per cent for nearly 2,000 top civil servants, judges and military leaders have been announced by British Prime Minister Margaret Thatcher. The increases, about 18 per cent for senior military officers, 16 per centAFP - 163 words
-
Article53 1985-07-20 3 AFP "FACES OF DEATH" video cassettes, which show supposedly real killings of humans and animals, are startlingly popular with video buffs, owners of major rental stores say. "It's gross, it's terrible, but people love the blood and guts stuff," said Dennis Peters, head of a major MichiganAFP - 53 words
-
Article823 1985-07-20 3 ARRIVALS Operator Service Locol From number time PAA PA21 0020 LAX/TYO/ HKG sv SV379 0115 SEL CAL CI333 0130 TPE SJA SQ41 0535 MAA MK MK746 0755 MRU CV CV796 0815 LUX/DXB MAS MH68I 0820 KUL KAL KE624 0840 KUL MAS MH603 0905 KUL MAS MH671 0935823 words
-
154 1985-07-20 3 Reuter WEST GERMAN Chancellor Helmut Kohl denied any knowledge of an alleged multi-million dollar tax evasion racket when he faced a corruption inquiry in his home state of Rhineland Palatinate. Mr Kohl on Thursday told a committee in the State Parliament in MainzReuter - 154 words
-
261 1985-07-20 3 FT URGENT GOVERNMENT measures are needed to tackle the "black economy" in West Germany, which now is worth some 200 billion marks a year in the country, and provides illegal employment for about 1.5 million people. This is the view of the SmallFT - 261 words
-
230 1985-07-20 3 Reuter US AUTHORITIES have smashed a cheque-stealing ring involving an estimated 30,000 US Treasury cheques worth millions of dollars which were stolen from US mails and sent overseas for cashing. "This is the largest such cheque-stealing scheme the secret service has ever uncovered and mayReuter - 230 words
-
Article, Illustration24 1985-07-20 3 FARMERS paraded their cows under the Eiffel Tower on Tuesday in a demonstration against European Economic Community meat pricing.24 words
-
179 1985-07-20 3 Reuter THE ARREST OF SEVEN teenagers for using home computers to tap secret phones at the US Defence Department and to steal credit card numbers has led to an investigation of more than 600 other computer hobbyists, authorities said. Alan Rockoff, the Middlesex, NewReuter - 179 words
-
WORLD IN BRIEF
-
Article52 1985-07-20 3 LIBERIA announced on Thursday it was severing diplomatic relations with the Soviet Union after arresting students who allegedly gave Liberian military secrets to Soviet diplomats in Monrovia. The government recalled its officials from Moscow and gave Soviet diplomats 72 hours to leave Liberia, said a Foreign52 words
-
Article63 1985-07-20 3 PRIME MINISTER Margaret Thatcher of Great Britain and officials of 30 other nations will gather in Washington late next week in the "largest assembly ever of political leaders representing democratic institutions," the Republican Party announced on Thursday. GOP chairman Frank Fahrenkopf said 250 party officials would meet63 words
-
Article73 1985-07-20 3 CHRYSLER chairman Lee lacocca, often cited as a possible Democratic presidential contender, on Thursday ruled out being a candidate in 1988, even if he was nominated. The head of America's third largest car maker, appearing at a news conference to announce Chrysler profits for the73 words
-
Article88 1985-07-20 3 BRITAIN'S oldest publishing house is trying to cut out smoking among its staff by not paying them for the time they spend having a cigarette. The Cambridge University Press said it introduced the policy after a poll among its 200 employees, most of them highly qualified academics,88 words
-
Article70 1985-07-20 3 Agencies THE EUROPEAN Common Market on Thursday threatened possible retaliation against the US if the White House imposes quotas on footwear imports which have been recommended by the US International Trade Commission. President Reagan has until Aug 30 to decide whether to follow the ITC recommendationAgencies - 70 words
-
-
465 1985-07-20 4 Call for maximum effort to correct trade imbalance AP AFP JAPAN'S Minister of International Trade and Industry, Keijiro Murata, flew home on Thursday after emphasising to US officials in Washington that both countries need to exert maximum effort to correct their tradeAP; AFP - 465 words
-
Article200 1985-07-20 4 UPI JAPANESE Prime Minister Yasuhiro Nakasone said his country is dependent on the American nuclear umbrella and free trade for its security, and called for stronger ties between Europe and Japan. However, Belgium's Prime Minister Wilfried Martens told Mr Nakasone that Japan's trade surplus "wasUPI - 200 words
-
183 1985-07-20 4 Reuter JAPAN WILL RESIST foreign pressure to open its domestic petrol market to free trade. Noboru Hatakeyama, director general of the Ministry of International Trade and Industry's Petroleum Department, said on Thursday that he saw little chance Japan would allow oil productsReuter - 183 words
-
98 1985-07-20 4 AFP INDONESIA cannot agree to requests by Japanese importers for price discounts on crude oil because they will contravene Opec pricing rules. Pertamina's chief, Abdul Rachman Ramly, said that as a member of Opec, Indonesia had to abide by its decisions on oilAFP - 98 words
-
286 1985-07-20 4 AFP SOUTH and North Korean Red Cross officials yesterday failed to reach any concrete agreement on the exchange of visits by dispersed families between the two divided parts of the country. Meeting at the truce village of Panmunjom in the demilitarised zoneAFP - 286 words
-
Article128 1985-07-20 4 Reuter THE US IS LOOKING into the military implications of a Soviet sale of advanced MiG-23 fighters to North Korea. The supply of six MiG-23s to North Korea, in an apparent change of Soviet policy, was disclosed by US military officials in Honolulu. MoscowReuter - 128 words
-
Article141 1985-07-20 4 AP INDOCHINESE immigrants who migrated to the US after 1978 are making steady economic progress and their children are shattering school grade curves, a University of Michigan researcher says. Cultural values and familycentred achievement goals apparently are the reasons for the strong showing, said Nathan Caplan,AP - 141 words
-
188 1985-07-20 4 Reuter A UNIVERSITY DEGREE is fast becoming a ticket to nowhere, with too many diplomas hunting too few jobs, the International Labour Office (ILO) said. Despite a steady growth in employment for highly qualified professionals of up to 20 per cent in some countriesReuter - 188 words
-
Article78 1985-07-20 4 Reuter THE US HOUSE of Representatives on Thursday moved to prohibit the Library of Congress from reproducing Playboy in braille, in spite of its popularity among the blind. "Literary meritorious material for the blind is laudatory but Playboy is not," said Representative Chalmers Wylie, whoReuter - 78 words
-
-
Page 3 Advertisements
-
Advertisement9 1985-07-20 3 M-■ Pan Am's 747 SP Fastest Daily to NewVbrk.9 words
-
Advertisement185 1985-07-20 3 Investment Analyst (ES/*****) Our client, a growing international stock broking firm, invites applications from high calibre candidates to fill the position of Investment Analyst. The successful candidate will receive training initially in the firm's operational procedures and techniques of investment analysis. He will be expected to contribute at an early185 words
-
-
RAW MATERIALS
-
Article150 1985-07-20 4 Chinese Produce Exchange (Sellers' noon closing prices on July 19 (SJ/100 kg). Coconut oil Bulk FOB 100 00 Old drum FOB 113 00 New drum FOB 117 00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gambier FOB NSW 469 00 454 00 330 00150 words
-
Article285 1985-07-20 4 Singapore C-l Ord unq (S$/kilo, e»-godown) Loonzain Rice Froqront new crop 100% 1st grade unq 1st 082 100% 2nd grade 215 2nd 062 100% 3rd grade unq 3rd 060 Parboiled Rice New Crop 25% 10% no stock no stock 5% 10% 215 210 Thai Broken Maize unq A-super Special285 words
-
Article115 1985-07-20 4 THE Koala Lumpur tin price yesterday rose 12 cents to M $31.87 per kilo on continued low supplies of tin concentrates from miners. Japanese and local interest aided gains. Renewed support from the buffer stock manager, who took about M per cent of the 75 tonnes traded, off115 words
-
Article163 1985-07-20 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,550 Blue Phoenix 20's 2,650 Blue Phoenix 32's 3,100 Blue Phoenix 40's 3,450 Carded yarn, hank Blue Phoenix 21's 2,900 Combed yarn, cones Blue Phoenix 32's 4,200 Blue Phoenix 40's 4,400 Open-end yarn Blue163 words
-
Article145 1985-07-20 4 SINGAPORE THE MARKET yesterday closed slightly lower with August One RSS buyers quoted at 171.50 cents per kilo, down 0.75 cents from Thursday. MALAYSIA The market recovered from opening's lows to rule slightly higher at midday, with August Int One RSS buyers quoted at 191.50 cents per kilo, down145 words
-
Article377 1985-07-20 4 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 172 00 173 00N 171 50 172 50N Int 1 RSS Aug 85 172 00 173 00 171 50 172 50 Int 1 RSS Sept 85 170 00 170377 words
-
Article929 1985-07-20 4 COFFEE ROBUSTA coffee futures on Thursday dropped sharply in the afternoon to new second position life of contract and 25-month lows before edging slightly higher to close down £56 to £36 tonne from Wednesday night's close. The market was forced lower, despite sterling easing against the dollar, on929 words
-
Article160 1985-07-20 4 LATE WEEKEND covering for nearbys failed to stop the market yesterday from closing easier in quiet trading. Opening sentiment was depressed by a reserve of buyers. July deliveries in the south closed unchanged at Msl,olo per tonne while central ended Mss lower at $1,002.50. In August and September,160 words
-
Article124 1985-07-20 4 WHEAT futures on Thursday closed 2 1 2 US cents a bushel lower to 2U cents higher on the Chicago Board of Trade, making new contract lows in July, September and December and May. July wheat closed at US$2.99 1 2 a bushel. Collins sold heavily in December, while124 words
-
Article135 1985-07-20 4 SOYBEAN futures on Thursday closed unchanged in spot July to 5' 4 US cents a bushel lower in March on the Chicago Board of Trade, falling in most months as weather forecasts continue to predict good crop conditions in most growing areas. C and D Commodities sold November while135 words
-
Article109 1985-07-20 4 (cents/kg, 1-ton pallets) AUG 85 SEPT 85 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR-20 144 50 146 50N 145 50 147 SON SSR 50 142 50 144 50N 143 50 145 50N MRELB Buyers Sellers Buyers Sellers SMR CV 203 00 205109 words
-
-
Page 4 Miscellaneous
-
Miscellaneous110 1985-07-20 4 oonesbury ALL r/U SAYING, HAILE, IS THAT YOUR GOVERNMENT HAS TP COOPERATS MORE IN THE RELIEF EFFORT, J OR THER&LL BE A REAL PUOUC BACKLASH irJ^K o in we west. I IF YOU KEEP USING FAMINE AS A UJEAPONIN YOUR CIVIL WAR, YOU'RE CONS TO FINPXXJRSeim TOTALLY pepenpent on the110 words
-
-
BANKING AND FINANCE
-
358 1985-07-20 5 Reuter AFP THE WORLD BANK said its income for the financial year ended June 30 reached a record US$l.l4 billion, up 90 per cent over the year before. The previous high for the bank, which makes loans to developing countries, was $752 million inReuter; AFP - 358 words
-
126 1985-07-20 5 Reuter LESS DEVELOPED countries are making efforts to meet goals needed to bolster their economies and are getting closer to returning to international capital markets on a voluntary basis, Citibank senior vice-pres-ident William Rhodes said. This follows cooperation between debtors, creditors, centralReuter - 126 words
-
476 1985-07-20 5 ALVIN TAY - By ALVIN TAY THE DIFFERENTIAL between domestic and foreign interest rates was negligible after adjusting for the forward premium on the Singapore dollar and the reserve requirement, said the Monetary Authority of Singapore. The authority said in its latest annual report that domestic interest rates476 words
-
329 1985-07-20 5 FT JAPAN'S Ministry of Finance has widened its confrontation with the Bank of England by blocking Kleinwort Benson's application for branch office status in Tokyo until Japanese securities houses are granted deposittaking licences in London. This new development in Britain's long-running battle with JapanFT - 329 words
-
461 1985-07-20 5 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent JAPAN, by de-regulating its financial system, has taken the first step to become a financial centre comparable with those in New York and London. This was stated yesterday by Mr Michio Ota, the vice-presi-dent of Bank461 words
-
Article301 1985-07-20 5 AFP THE PEOPLE'S Bank of China has announced measures to tighten credit for better control of bank loans and wages. The China Daily, citing the foreign edition of the People's Daily, on Thursday said the bank would no longer grant loans to businesses thatAFP - 301 words
-
Article73 1985-07-20 5 FOREIGN INSURANCE companies in joint ventures with Indonesian companies must reduce their equity to a maximum of 40 per cent by 1990. The official Antara news agency reported on Thursday a new Finance Ministry ruling said that foreign insurance companies must either sell their shares73 words
-
Article77 1985-07-20 5 Reuter THE COMBINED ASSETS of Taiwan's 12 offshore banking units were U555.26 billion at June 30, compared with $439 million when they began trading in July, 1984. The central bank said on Thursday that about 85 per cent of the assets, all held in US dollars,Reuter - 77 words
-
483 1985-07-20 5 Reuter THURSDAY'S US banking data have confirmed the strong impression left by Fed chairman Paul Volcker's congressional testimony that a further easing in monetary policy has been ruled out, at least for now. Economists, reviewing the Fed's balance sheet for the latest week inReuter - 483 words
-
Article117 1985-07-20 5 Reuter THE FEDERAL RESERVE Board should not use monetary policy to reduce the exchange rate of the US dollar because it could lead to higher inflation, Fed's vice-chairman Preston Martin said. "An aggressive policy by the Federal Reserve of massive money growth to bring downReuter - 117 words
-
-
MONEY AND EXCHANGES
-
Article595 1985-07-20 5 SINGAPORE THE US dollar yesterday eased slightly against most major currencies compared with New York levels in thin early trading. The US unit eased to 238.25/35 yen from New York's 238.30/45 close, to 2.8800/10 marks from 2.8840/60, to 8.7410/40 French francs from 8.7475/7545 and to 2.3745/55 Swiss KUALA595 words
-
Article, Illustration324 1985-07-20 5 Asian market ASIAN DOLLAR deposit rates yesterday firmed in thin early trading. Weekend firmed 3/16 point to 8-1/16 7-15/16, week fixed V» to eight 7%, three months Vi to 8-1/16 7-15/16, six months 3/16 to B'/« BVi and one year 3/16 to 8 5 BV4. INDICATES the average of the324 words
-
Article246 1985-07-20 5 Interbank rates at 3pm yesterday: CunvndM Nominal rata* 8mlth*onian Bid Offer ci oes parity change Local dollars to on« unit of foreign currency: US dollar ***** ***** 2 8196 -21 80 Sterling pound ***** ***** 7 3469 -58 07 Australian dollar 1 5655 1.5684 3 4286 -54 34246 words
-
Article356 1985-07-20 5 BA Futures Inc US Fed chairman Paul Volcker's comments in the Humphrey-Hawkins testimony on Thursday night was interpreted bearishly and this resulted in Emredellar futures gapping lower at Simex's opening yesterday. Support was, however, found at 91.76 in the September contract. After the initial selling pressure, prices started toBA Futures Inc - 356 words
-
Article188 1985-07-20 5 HONGKONG: GOLD yesterday closed higher on moderate shortcovering and some fresh buying. Dealers said the market lacked fresh incentives with a US$2O million rise in US M-l money supply fully discounted. Bullion ended at U*****.00/50 an ounce against an initial $318.50/319.00 and New York's $318.00/50. On the local market,188 words
-
Article72 1985-07-20 5 THE OVERNIGHT rate on the Singapore interbank money market rose by one point from Thursday to close at 5H per cent yesterday. The one- and two-month term rates remained unchanged while the threemonth rate fell by 1/16. S$ Interbank rates at 3pm yesterday: OH*r Bid Over night 572 words
-
Article49 1985-07-20 5 RESULTS of tender held yesterday for: 91-day Treasury bills to be issued from July 22 to July 26. Offered: $120,000,000. Applied for: 5212.500.000. Allotted: $120,000,000. Accepted bids: $99.28 approximately 60 per cent; higher bids in full. Average rate of discount on allotment: 2.890 per cent per annum.49 words
-
-
TIME-OFF
-
Article538 1985-07-20 6 IN A PERIOD of high international drama (anybody remember when there wasn't one?) a small item of domestic news has not received the attention it deserves. We refer, of course, to the question of free lunches for taxi drivers. This brilliant marketing ploy was538 words
-
Article, Illustration488 1985-07-20 6 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN DO YOU LIKE to talk about exercise but loathe taking it? Would you like to feel fitter without spending a lot of energy? Are you looking for fast relief from stress? If you are still reading and hoping, maybe "Vibrosaun" is the answer. No, it's488 words
-
Article1183 1985-07-20 6 What's on from July 20 26 ENTERTAINMENT: Music. Presented by the Simon Music School Trio. 7.30-8.30pm. Chinese cultural show by the Kampong Glom Community Centre. 8.30-9.30pm. Free. Singapore Handicraft Centre, Tanglin Road. EXHIBITION: "New Dimension Graphics" by Simon Yona. Orchard Gallery, Orchard Point. 11am-Bpm, daily. Free. Graphic artist Simon1,183 words
-
Article, Illustration222 1985-07-20 6 RON GOODWIN did try his best to comply with his mother's wishes that he take on a respectable Job after school. But his heart was not in being a Junior clerk in an Insurance office. His boss caught him for the umpteenth time using the office phone to222 words
-
Article244 1985-07-20 6 OLD TELEPHONE directories are again piling up at this time of the year, but, like anything old, they have alternative uses. A colleague, for example, sits on them because she does not find her chair high enough. And one company promoting "Laser" knives at department stores244 words
-
Article, Illustration482 1985-07-20 6 TSANG SAU YIN - By TSANG SAU YIN SIMON YONG, 36, graphic artist, made a candid observation: "I didn't realise that one has to work so hard in Singapore. One has to use the best of one's abilities here." If that sounds strange to most people here, that is482 words
-
-
Page 6 Miscellaneous
-
Miscellaneous800 1985-07-20 6 CRYPTIC PUZZLE ACROSS 9 A dream of having nothing to do? (4, 5) 10 Though green, will become ripe next (8) 12 Hay you see in the farmyard (4) 13 Not friendly, I note, with the labourer (6) 14 Make still better, perhaps! (7) 15 The girl friend and mother800 words
-
-
SPORTS
-
Article, Illustration813 1985-07-20 7 BRIAN MILLER - SINGAPORE OPEN AMATEUR CHAMPIONSHIPS AT NEW COURSE By BRIAN MILLER THE LITTLE BALL rose majestically and sailed like a tiny missile through the air. Then it began its descent and Douglas Ooi's eyes followed its trajectory. For a moment, the glare of the sun813 words
-
441 1985-07-20 7 BRIAN MILLER - BRIAN MILLER JOCKEY MOSES LEE, who has been enjoying a good run since returning to the saddle last month, has got three mounts in today's seven-race card at Ipoh and there's strong reason to believe that he can land a double with Jack441 words
-
Article, Illustration244 1985-07-20 7 Reuter STEVE CRAM, the new 1,500 metres world record holder, has pulled out of a clash with 1,500 metres Olympic champion Sebastian Coe. The two Britons were to have met at London's first Grand Prix Athletics Meeting at Crystal Palace yesterday. But Cram, who has been strugglingReuter - 244 words
-
Article, Illustration398 1985-07-20 7 ANNA TEO - By ANNA TEO WEEKEND or social joggers who have laid off their long runs since last December had better get up and go again! Here comes the Mobil Marathon a "people's marathon" that will also serve as the qualifying race for the SEA Games in December.398 words
-
Article, Illustration619 1985-07-20 7 Reuter IRELAND'S Christy O'Connor Jr shot a record seven successive birdies in a first round of 64 at the British Open golf championships as title holder Severiano Ballesteros laboured to a 75. Ballesteros, hot favourite to win the Open for theReuter - 619 words
-
-
Page 7 Miscellaneous
-
Miscellaneous1183 1985-07-20 7 Robert Carradine (cantra)... aa Aladdin, the lazy youth who followa a magician to find treaaures CENTRESTAGE Faerie Tale Theatre: "Aladdin And His Wonderful Lamp." 8.30 pm, Channel 12 The traditional delightful fairy tales told to adoring children have been "upgraded" to entertain adults now in this series. While parents will1,183 words
-
Miscellaneous20 1985-07-20 7 BriStc^:l^aiUd)ickais l DON'T vcmouJ ojvapvT'S rue U3«TM mm up^fei^ IF HE'S NOT CODING UJPiLLS IrsJ G£*FF\TTi OBSC£Me p*>Ne r M20 words
-
-
INTERNATIONAL STOCKS
-
308 1985-07-20 8 Reuter BOND CORP Holdings Ltd is bidding A 57.10 a share for 50 per cent of Castlemaine Tooheys Ltd. The offer values Castlemaine Tooheys at about $1 billion. Bond Corp is estimated to have acquired as much as 8 per cent of CastlemaineReuter - 308 words
-
Article140 1985-07-20 8 AP CHRYSLER CORP earned U*****.4 million in the second quarter this year, a 25 per cent drop over the same period a year ago in spite of record sales. Chrysler, America's third largest car maker, earned $5.02 a share on second-quarter sales of $6 billion, a recordAP - 140 words
-
328 1985-07-20 8 Reuter WALL STREET stocks closed lower in active trading on Thursday. The Dow Jones Industrial Average fell 7.05 to 1350.92. The New York Stock Exchange Index lost 0.68 to 112.81. The average price per share decreased 22 US cents. Declines led advances by 993Reuter - 328 words
-
Article204 1985-07-20 8 Uratec 530 inch JULY 18 load Wootworlh 1820 10 INOUSTf IAL5 MININGS A Alpha 975 unch 3025 25 170 -20 AE And a S3oe 1270 -5 530 unch Buffcfc 6900 150 AMIC 3000 inch 500 40 1270 5 Com Gold ***** 30 C G Smith 2950 25 1150 unch204 words
-
Article96 1985-07-20 8 JULY It AtMhbi a 17* Imp Oi 52* fcneo 19* 43* Alcon 36* 18 21* Kerr Add 16 19* 20* Bonk Mont 31* 2* 14 21* M Canada 44 16* BP Can Ltd 32 28* 29 unch 37* unch 15* 19* unch 5* 14* 33 Cmbl Rd Lk 30*96 words
-
Article638 1985-07-20 8 JULY It US$ Alcoa 351* +J Alegheny Lud 24* AJM Chem Cp 44* AM Store* 59* Ahs-Chatmen 5* Am Brands he 65* Am Broadcast 113* i»ich Am Can Co 59* Am Cyanamad 53* Am Elec Pwr 24* Am Express 46* -1* Am Hon* Prod 65 i*»ch Am Molars638 words
-
Article877 1985-07-20 8 Amsterdam JULY 18 fb ABN 491 SO 4 16 98 10 406 Ahold 237 00 +5 Akzo 118 60 +34 AMfV 272 50 6 5 Amfo» 87 20 +0 9 4350 -05 Boh ***** +03 Bortumii 360 50 3 7 Botkafe Bur Tat 9200 +08 36 40 04877 words
-
-
Page 8 Advertisements
-
Advertisement471 1985-07-20 8 I > m H 3 m V m 7m r m i Wm% w-%* :p- W" v £■<*■r mm&W v*-• :r > vw* «r■ m\ m i^Tjrr,r.f> W< v% r**mmp* TK! 6 \r I 0 m ce spring Palace Chinese Restaurant Supert) Cantonese cuisine from our Hong Kong chefs to471 words
-
Advertisement104 1985-07-20 8 N H 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 II captivate you! Happy Hours: spm 7pm, SO°fe off all drinks (pouring brands). ORcswn #PR#£E HOTEL 270104 words
-
-
ASIAN STOCKS
-
Article449 1985-07-20 9 HONGKONG: Share prices fought off a round of profit-taking yesterday to close higher with the Hang Seng Index at its best level in nearly four years. The second interest rate cut in a week attracted strong institutional buying to help the index rise 6.83 to 1,678.87. The last time449 words
-
Article258 1985-07-20 9 JULY 19 All Sincere Indus Asia Cement KT 1 86 21 00 0 08 1 Lien Hwa Indus Nan Yo Ptos Pocific Cons Pocific Elect Wire 10 35 25 20 1550 1220 0 25 0 4 0 65 0 55 Cothoy Cons 2260 03 088 -007 Chang Hwa Bonk258 words
-
Article369 1985-07-20 9 TOKYO: Share prices fell steadily in active trading yesterday after three consecutive higher closes, driving the market average below the 12,800 level again. The average hit a day's low of 12,776.39 in early afternoon trad- ing, then revived slightly to close at 12,788.54, down 64.00 on balance. Turnover was369 words
-
Article127 1985-07-20 9 MANILA: Share prices closed mixed in quiet trading yesterday. The Commercial Industrial Index rose 2.43 to 129.26 and the Mining Index was down 0.95 at 695.80 while the Oils Index remained steady at 0.735. Lepanto rose to 0.039 from 0.038 pesos and Philex to 0.1350 from 0.13. Benguet fell127 words
-
Article398 1985-07-20 9 SYDNEY: Stocks closed marginal- ly easier yesterday as Bond Corp took the limelight with a bid for 50 per cent of Brewer Castlemaine Tooheys. By the close of trading, the All Ordinaries Index had fallen 1.9 points to 920.3, Industrials 1.9 to 1346.6, Resources 1.8 down to 590.3. But398 words
-
Article117 1985-07-20 9 The Bangkok report was unavailable. JULY 19 laktt Siom Cement 627 83 -6 A ok horn Thai Sram City Cement 522 2 Ayuthaya Inv 171 South Asm fixt Strong Pock 99 25 -6 Bangkok Agro-trtd Bangkok Bank Bank Ot Ayudhaya Ltd 234 135 unch 3 Tha Commercial Bank Thai117 words
-
Article71 1985-07-20 9 JULY 19 Woo 10 15 -1 2 3 +6 Hyundoi Const Hyundoi Motor KAL 915 735 445 unch 10 3 728 -2 vj ivu ty Comrrv«fciol Bk 729 Yukong 1400 407 25 2B 624 1 609 673 3 Dong Ah 475 unch 3 unch 3 17 Samsung Elec 76)71 words
-
Article69 1985-07-20 9 Reuter PRIVATELY-HELD Join Park Ltd has agreed to buy 60 per cent of Intercontinental Housing Development Ltd (IHD) from Territorial Development Ltd for a price that could reach HK5232.5 million. An IHD statement said it has asked for a suspension of trading in itsReuter - 69 words
-
364 1985-07-20 9 A MSI BILLION new investments fund will be set up by the Malaysian government to help the private sector finance business ventures in the fields of manufacturing, agriculture and tourism. In announcing this at the opening of the Menara United Asian Bank in364 words
-
143 1985-07-20 9 PROCTOR AND GAMBLE of the US and Pacific Chemical Co of Korea have agreed to establish a joint venture company aimed at Korea's rapidly growing consumer market. The move came just several months after Unilever established a joint venture in Korea. It is yet143 words
-
244 1985-07-20 9 UPI PHILIPPINE Defence Minister Juan Ponce Enrile has ordered an investigation into a US$l7 million contract with Amworld Inc of Brisbane, California. The contract involves the sale to the Philippine Armed Forces of strategic microwave equipment, financed in part with military aid loans fromUPI - 244 words
-
-
Page 9 Advertisements
-
Advertisement512 1985-07-20 9 .i m m Wmmmm w<o u 13K" sps^l^r^ af .>- ■i'Sfeu ~.:i' J£ i Up the staircase at the Century Park Sheraton. Follow the sweep of the curving staircase of the Century Park Sheraton and you'll find yourself at the Black Velvet Gold It's a discotheque with hot sounds and512 words
-
Advertisement85 1985-07-20 9 Listen to Great New Sounds at CAIRNHILL COCKTAIL LOUNGE With Ramon A D'New Blackjacks Buy a drink during Happy Hours and the next one's on the house! Happy Hours: spm 7pm With Sunny and Stamford W For reservations please call 734 6622 MIHXMUI, HOTM_ L| Singapore W 19. Cairnhill Circle,85 words
-
-
SHARE INFORMATION
-
Article, Illustration4113 1985-07-20 10 SHARE PRICES on the Singapore stockmarket roared ahead yesterday for the largest single one-day rise since the spurt last August. The Straits Times Industrial Index shot up by 19.61 points to 755.87 while the BT Composite Index was 15.57 ahead at 661.58. Volume4,113 words
-
Article258 1985-07-20 10 SINGAPORE Rises MAA 2100 Peak Huo 290 F 4 N 535 DuH De« 470 OCIC 850 Gentings M5 Morrisons Mua 354 M Flour 266 Metro Hldgs 268 Mognuin Corpn 356 Falls SPK-Sentoso 92 Now Serendoh 252 J Cement 120 Allied Choc 160 Iseton 186 Tosek Cement 366258 words
-
Article4701 1985-07-20 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".4,701 words
-
-
Page 10 Advertisements
-
Advertisement11 1985-07-20 10 KL market report Business done on the KLSE See page 1111 words
-
-
COMPANY NEWS
-
CHART POINT
-
Article, Illustration195 1985-07-20 11 HOCK LOCK SIEW - By HOCK LOCK SIEW OUT OF THE seven stocks highlighted last week as having a 10 per cent rebound potential, four have already achieved the target. Today's feature, Chuan Hup Marine Ltd, has the capacity to move further ahead, but has yet to perform as admirably as the195 words
-
Article72 1985-07-20 11 LAST WEEK, I cautioned that the market was already too far stretched on the downside, and that we were in a "any-day-now" type of situation where a snap-back would occur. It did! And what a sizzler it has been. This kind of strong market momentum doesn't72 words
-
-
244 1985-07-20 11 THE Kuala Lumpur stock market staged another spirited rally yesterday with share prices closing broadly higher in heavy trading, with buyers dominating activity and many counters recording doubledigit gains. Trading, which hitherto has been mainly confined to situational issues, was more widespread with quality244 words
-
Article3414 1985-07-20 11 INDUSTRIALS A Choc (1 61B) (IM) 160 (1) 1 60(1) 1 61 AISB (5) 086 (1) 0 86'2 (18) 0 87 (3) 0 89 (26) 0 88 Alcom (0 968 0 975) (2) 091 (6) 0 92 (2) 0.91 Vi (3) 0 93 (2) 03,414 words
-
Article, Illustration580 1985-07-20 11 NAJEEB JARHOM - By NAJEEB JARHOM THE HONG LEONG group's property arm, City Developments Ltd, is still holding up pretty well in a depressed real estate sector, judging by its resilient half-year results. Group bottom-line profits rose by a steady 11.5 per cent to $10.12 million580 words
-
534 1985-07-20 11 MERCHANT BANKS have suggested the setting up of a capital market commission to oversee the development of a more dynamic capital market in Malaysia. This is one of the proposals included in the memorandum submitted by the Association of Merchant Bankers in Malaysia534 words
-
277 1985-07-20 11 TALAM MINES BHD, soon to be called Talam Corp, has declared a five-for-three bonus issue and at the same time is acquiring a property company, New Court Properties Sdn Bhd, for M 5969,000 cash. Recently taken over by the Superlex Group, Talam is now277 words
-
256 1985-07-20 11 MBf HOLDINGS Bhd is to sell its one-third stake in one of Malaysia's leading marketing communications agency groups, MBf Melewar-Zecha Communications Sdn Bhd, to the other two partners in the agency. The Melewar and Zecha partners have agreed to buy256 words
-
Article266 1985-07-20 11 Managers' prices MARA-Bumiputra for July 19 First B'putro 461 466 Singapore Unit Trust Second B'putro Third B'putro 4 42 4 47 3 69 3 74 The Commerce 1 65 1 75 Fourth B'putro 406 4 11 The Savings Fund 129 1 37 Fifth B'putro 2 71 2 76266 words
-
Article114 1985-07-20 11 HONGKONG Thursday 1348 5 Week ago 1328 6 Hong Seng Index Fridoy 1678.87 Thursday 672 04 NEW YORK Week ago 1615 78 Dow Jones Thursday 1350 92 TOKYO Wednesday 1357 97 Week ogo 1337 70 Tokyo Dow Jones Friday ***** 54 Standard Poors Thursday ***** 63 Thursday 194114 words
-
-
348 1985-07-20 12 THE US DOLLAR, on the retreat for the past two weeks, rallied on major foreign exchange markets yesterday. The rebound was largely sparked off by remarks of Federal Reserve Board chairman Paul Volcker who told Congress that the US economy would perform strongly in the348 words
-
Article, Illustration400 1985-07-20 12 ANNA TEO - The artist's approach needed, says Dhanabalan By ANNA TEO SINGAPORE'S aim to be a society of excellence requires more than just education, skills and fine buildings what is needed is an attitude of mind that seeks excellence and takes pride in even the400 words
-
473 1985-07-20 12 Reuter OPEC MINISTERS meeting in Geneva on Monday are expected to bow to market pressure and cut the prices of some grades of crude oil following reductions of around US$l.5O a barrel by nonOpec Mexico and Egypt. The ministers, holding their six-monthly conferenceReuter - 473 words
-
213 1985-07-20 12 Bernama A PLAN FOR A decisive resolution of the 18-month-long MCA crisis is about to be drawn up, featuring the bringing together of the two factions at the helm and party elections beginning within a month. While the acting deputy president,Bernama - 213 words
-
277 1985-07-20 12 Reuter TRADING IN LIRE ceased early yesterday afternoon in London following unconfirmed reports that the Italian Treasury Ministry cancelled yesterday's Milan fixings. Specialist dealers said other reports about new banking regulations resulted in the lira being fixed at 2,200 to the dollarReuter - 277 words
-
308 1985-07-20 12 Reuter PHILIPPINE Prime Minister Cesar Virata has proposed a 78.5 billion peso budget for calendar 1986, which is nominally higher than the 70 billion peso spending level approved for 1985, according to central bank and business sources. The budget, the main features ofReuter - 308 words
-
165 1985-07-20 12 Reuter PHILIPPINE Defence Minister Juan Ponce Enrile filed a resolution in the Philippine National Assembly yesterday calling for the cancellation and renegotiation of the military bases treaty with the US. The resolution followed a vote in the US House of Representatives to cut theReuter - 165 words
-
478 1985-07-20 12 AMY CHEOK - By AMY CHEOK THE DEPRESSED state of the Singapore hotel industry has taken its toll on the earnings of two leading hotel companies which are the first to release their interim results this year. Shangri-La Hotel Ltd, which operates a premier478 words
-
277 1985-07-20 12 CHUANG PECK MING - By CHUANG PECK MING A CALL has been made by Fraser Neave chairman Michael Fam to impose a tax on certain imports where the price of its inputs is controlled in Singapore. "This is suggested only so that the importers may not be given277 words
-
Article71 1985-07-20 12 Reuter THE stock market hesitated in early trading yesterday with blue chips showing firmness but the broader market pulling lower. The Dow Jones industrial average was up a fraction to 1351. Declines led advances by a four-three margin on a turnover of 9.98 million shares. Comex goldReuter - 71 words
-
Article955 1985-07-20 12 EQUITIES yesterday closed mixed with some selective bargain hunting lifting prices off their lows. Trading, however, remained light with few fresh factors to stimulate activity. The FTSE 100 share index at 1430 GMT was little changed at 1250.1, up 1.5. Government bonds showed losses of up to 7/16955 words
-
LATE FILE
-
Article61 1985-07-20 12 Reuter LEADERS of the pro-Viet-nam Cambodian government have blamed bad weather and continuing guerilla fighting for another bleak economic performance in the first half of this year. The November to May dry season rice crop fell 30 per cent short of target because of drought andReuter - 61 words
-
Article43 1985-07-20 12 Reuter TURKISH authorities lifted martial law in Ankara yesterday after six and a half years, but it showed no sign of ending in the south-east-ern part of the country, where Kurdish rebels skirmish almost daily with troops. ReuterReuter - 43 words
-
Article60 1985-07-20 12 AFP THE AIR INDIA Boeing 747, which crashed into the sea off Ireland on June 23 with 329 people on board, could have been hit by the debris of a Soviet space rocket. According to Britain's Daily Mail newspaper yesterday, that "astonishing theory"AFP - 60 words
-
Article83 1985-07-20 12 Reuter CHINA announced yesterday that it would host its biggest, United Nations-sponsored international trade fair in Beijing in the second half of November. Sun Fang, the vice-chairman of the China Council for the Promotion of International Trade, said state agencies and private firms from atReuter - 83 words
-
Article50 1985-07-20 12 Reuter CHINA and the Soviet Union have agreed to re-establish their consulates in Shanghai and Leningrad. The Chinese Foreign Ministry also said Vice-Premier Yao Yilin would go to Moscow in the first half of next month to sign a five-year trade pact with the Soviet Union.Reuter - 50 words
-
57 1985-07-20 12 Bernama MALAYSIAN Prime Minister Datuk Sen Dr Mahathir Mohamad yesterday told politicians to stop interfering in administrative matters such as the awarding of tenders, saying they should leave the task to government officers entrusted with the responsibility. The role of politicians was to ensure theBernama - 57 words
-
Article66 1985-07-20 12 AP THE SOVIET UNION will more than double its economic aid to Vietnam during the 1906-90 period, compared with the past five years. The Vietnam News Agency said on Friday that Moscow had also agreed to defer Hanoi's repayment of previous debts, while stepping upAP - 66 words
-
-
Page 12 Advertisements
-
Advertisement164 1985-07-20 12 NOTICE OFFICIAL NOTICE Proposal to Change a Ship's Name We, GODWIN CO, of 9 Battery Road #20-00, Straits Trading Building, Singapore 0104, hereby give notice that In consequence of the proposed change of name of the vessel "AUTO BATAM 3" we have applied to the Registrar of Singapore Ships under164 words
-
-
Page 12 Miscellaneous
-
Miscellaneous53 1985-07-20 12 Outlook for today: Showers over several areas in Hie morning. Report for 24 hours prior to 7 30pm on July 19 at the airport: Maximum temperature 30.6 Associated humidity 70 Minimum temperature 24.5 Associated humidity 97 Hours of sunshine 5.45 Rainfall in millimetres 25 Rainfall this month 113.7 Rainy days53 words
-