The Business Times, 27 July 1985
1985-07-27
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The Business Times
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Title Section12 1985-07-27 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, JULY 27, 1185 60 CENTS12 words
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Article, Illustration787 1985-07-27 1 ZHOU MEI, TERESA LIM - Government unveils interim measures in response to feedback Stories by ZHOU MEI, TERESA LIM, THE GOVERNMENT has unveiled a $450 million package of public sector measures to boost Singapore's sagging economy. The urgent need for the measures has been underscored by the dismal performance ofSource: MTI - 787 words
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Article610 1985-07-27 1 SINGAPORE'S current recession cannot be written off simply as a cyclical downturn, but must also be ascribed to internal structural problems. Brigadier-General (Res) Lee Hsien Loong confirmed publicly yesterday what members of both private and government circles have suspected for some time. He pointed out610 words
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Article, Illustration91 1985-07-27 1 SHARE PRICES en the Singapore stock market recovered In the afternoon after a weak start to the day. Trading too was more active after lunch. At the close, the Straits Times Industrial Index was €.18 points higher at 778.44 while the BT Composite Index was up C.98 points91 words
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416 1985-07-27 1 AMY BALAN - By AMY BALAN NINETEEN YEARS of goodwill built up with clients all over the world came to an end yesterday with the winding up of Peter Chew's Pte Ltd. But the worst may not yet be over for the department store416 words
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Article, Illustration457 1985-07-27 1 LEE HAN SHIH - By LEE HAN SHIH THE HOUSING and Development Board has invited tenders for the building of high-rise car parks in its estates. Contractors were yesterday invited to a preliminary round of bidding to build 12 multi-storey car parks. But the board did457 words
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Article116 1985-07-27 1 Reuter THE BANK OF JAPAN said yesterday that it expected the country's economy to expand moderately in the fiscal year 1985/86 ending March 31, compared with the 5.7 per cent growth recorded in 1984 85. However, it did not forecast a specific growth rate. The bank,Reuter - 116 words
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Page 1 Advertisements
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Advertisement125 1985-07-27 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 Intertama Pte Ltd Parkway Builders Centre "10 03 06 1. Marine Parade Central Singapore 1544 Tel *****00 Tele*125 words
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Advertisement302 1985-07-27 1 More reports on Back Page: How the statutory boards will help business, Reactions from businessmen SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS CROSSWORDS TV A RADIO DOONESBURY OUR VIEW THE SIGNING of the Punjab peace accord is proof of the pragmatism of both Indian Premier Rajiv Gandhi and the moderate302 words
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Advertisement37 1985-07-27 1 Full report, Pag* 10 Asian stocks, Pag* 9 Intl stocks, Pag* 8 19 0 5—1985 80 YEARS OF BANKING EXPERIENCE IN SINGAPORE TO SERVE YOU BETTER B BANQUEINDOSUEZ 3 Shenton Way. Shenton House Singapore 0106. Tel: 2207.11137 words
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Advertisement39 1985-07-27 1 Baa WATER p===i asia'B6 International Water Technology Exhibition Conference. 27 February 2 March 1986 World Trade Centre S pore ©Interfama Pte Ltd Parkway Builders Centre #10-03/06 1. Marine Parade Central. Singapore 1 544 Tel *****00 Tele* RS ***** INFAMA39 words
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HOME NEWS
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457 1985-07-27 2 JAIME LYE - Group using Singapore as springboard By JAIME LYE THE MALAYSIAN-BASED Federal Hotels Group, which owns the Federal Hotel in Kuala Lumpur, is poised to go international with Singapore as its starting point. According to an ambitious Dato Low Yow Chuan, the chairman of457 words
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Article, Illustration460 1985-07-27 2 ZHOU MEI - By ZHOU MEI PROJECT ORBIS, the international flying eye hospital, bearer of the latest eye surgery technology and expertise, arrives in Singapore today for a threeweek visit. Orbis a 25-year-old DCB equipped with more than US$3O million worth of the latest460 words
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Article190 1985-07-27 2 RELATIONS between Asean and Japan are cordial, but they must not be taken for granted since "potential explosives" remain between the two. Constant review by both parties is necessary to offset friction posed by snags such as the lopsided balance of payments in trade190 words
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Article142 1985-07-27 2 ABOUT $50 million worth of jewellery will be put on snow at Jewel Fair '85, the international jewellery and watches exhibition which is being held in conjunction with the Trade and Industry Fair '85. The nine-day fair at the World Trade Centre, which begins today, will142 words
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Article769 1985-07-27 2 AT CONVENTIONAL WHARVES MARINA WHARVES Ares N M1B alongside 27.7/0600 Vesael Berth Arrival Departure B Pratama M4A alongside 27.7/0600 KEPPEL WHARVES Union M2A alongside 27.7/0600 K9 K19 alongside 27.7/1200 alongside 27.7/1500 G Jaya Baru M2A 277/0800 27.7/2300 B Hector Cap Anamur Hong Soon Halim Mulia M1B M2B769 words
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276 1985-07-27 2 THERE ARE about $1.3 billion worth of carparks, sports and recreational facilities in schools but much of this is under-util-ised. With about 75 per cent of these facilities located within Housing and Development Board estates, these facilities should be shared with civic276 words
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Page 2 Advertisements
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Advertisement684 1985-07-27 2 American Express Bank Ltd a wholly owned subsidiary ol American E*press Company CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31,1984 Consolidated Balance Sheet pillions of U S dollars) REPORT OF CERTIFIED PUBLIC ACCOUNTANTS The Board ol Directors American Express Bank Ltd. We have examined the accompanying consolidated balance sheet of American684 words
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OVERSEAS
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443 1985-07-27 3 NYT US DEFENCE Secretary Caspar Weinberger asserted on Thursday that President Reagan was justified in calling the Soviet Union an "evil empire" because that spotlighted "the coercive and tyrannical system of our communist adversaries". In an address to leaders from mostly conservative partiesNYT - 443 words
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212 1985-07-27 3 Reuter AMERICAN Secretary of State George Shultz and Soviet Foreign Minister Eduard Shevardnadze will have three hours of talks when they meet for the first time in Helsinki on July 31. The US State Department said yesterday that Mr Shultz's aim would be toReuter - 212 words
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Article820 1985-07-27 3 ARRIVALS Operator Service Local From number time PAA PA2I 0020 LAX/TYO/ HKG sv SV379 0115 SEL CAL CI333 0130 TPE SIA SQ4I 0535 MAA MK MK746 0755 MRU CV CV796 0815 LUX/DXB MAS MH681 0820 KUL KAL KE624 0840 KUL MAS MH603 0905 KUL MAS MH671* 0935820 words
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234 1985-07-27 3 UPI A JOINT US congressional committee has determined that President Ronald Reagan's tax reform plan would lose US$25.l billion over five years and the administration said it would work on changes to eliminate the shortfall. The estimate from the jointUPI - 234 words
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Article129 1985-07-27 3 Reuter SENATE budget negotiators have proposed a "grand plan" to cut massive budget deficits, including a US$5 a barrel fee on imported oil. President Ronald Reagan has opposed taxes as a way of solving the budget problem, but the White House was "genuinely interested" inReuter - 129 words
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272 1985-07-27 3 UPI THE SIZZLE of hamburgers will be heard throughout Hamburg this weekend, as the western New York community celebrates the 100 th birthday of its native son on a bun. The birth of the burger festival began on Thursday, and features a meatball street dance,UPI - 272 words
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WORLD IN BRIEF
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Article37 1985-07-27 3 BRITISH Prime Minister Margaret Thatcher has dismissed reports she had threatened to resign prior to her near defeat in a parliamentary vote on Wednesday and she told the House of Commons she would remain.37 words
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Article55 1985-07-27 3 THREE American television companies ABC, NBC and Cable News Network have agreed to turn over to the Justice Department film and audio coverage of the recent hijacking of TWA Flight 847. A spokesman for the other major US television network, CBS, said on Wednesday that its attorneys55 words
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Article72 1985-07-27 3 JAPANESE Finance Minister Noboru Takeshita and Defence Agency chief Koichi Kato agreed to increase Japan's defence budget for fiscal 1986, starting next April, by seven per cent compared with the current fiscal year, officials said. Japan's national defence budget for fiscal 1985 year rose 6.9 per cent72 words
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Article52 1985-07-27 3 Agencies SOME 50 young people left Paris on Thursday on a trip through Northern Europe to fight racism. The members of the French organisation "SOS Racism" call themselves "Travellers for Equality" and will be visiting Belgium, The Netherlands, Denmark, Sweden, Norway and West Germany from until AugAgencies - 52 words
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Article, Illustration468 1985-07-27 3 Reuter THE US and Britain have opposed a bid by France for economic sanctions against South Africa, where a state of emergency has brought about many casualties and the detention of hundreds of dissidents. Speaking during a UN Security Council meeting on Thursday, where FranceReuter - 468 words
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291 1985-07-27 3 Reuter THE EUROPEAN Economic Community has made a new concession to the US in a trans-Atlantic steel trade dispute, but is preparing for conflict if negotiations fail. French Industry Minister Edith Cresson said yesterday that EEC External Affairs Commissioner Willy de ClercqReuter - 291 words
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Article79 1985-07-27 3 Reuter CUTS IN STATE spending overseas are damaging Britain's interests abroad, says an all-party parliamentary committee. "The protection and furtherance of British interests overseas cannot be maintained at the same level on continually reducing effective resources," said the House of Commons Foreign Affairs Committee, inReuter - 79 words
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114 1985-07-27 3 UPI ALBANIA will remain loyal to the hard Stalinist line of former leader Enver Hoxha, although the country has made unprecedented overtures to the outside world under its new leader Ramiz Alia. Albania has also accused Yugoslavia of using "psychological terror" in its oppressionUPI - 114 words
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500 1985-07-27 4 Bernama THE PEOPLE'S Republic of China is negotiating to buy idle plants, machinery and equipment of many moribund Filipino companies. The Chinese envoy to the Philippines, Chen Songlu, in &n address to the Financial Executive Institute of the Philippines on Thursday, said that ChinaBernama - 500 words
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271 1985-07-27 4 AFP TWO RELATIVES of a nightclub hostess who testified that Filipino opposition leader Benigno Aquino was shot by an alleged communist hitman, might have died because they knew too much about the murder, said a Manila magazine yesterday. Defence witness Pelagia Hilario appeared to haveAFP - 271 words
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204 1985-07-27 4 AP AMERICAN AMBASSADOR Mike Mansfield met Japanese Prime Minister Yasuhiro Nakasone on Thursday and urged the country to demonstrate concrete steps in its forthcoming "action programme" of market-opening measures to quell growing protectionist sentiment in the US Congress. A foreign ministry officialAP - 204 words
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Article75 1985-07-27 4 Reuter HONGKONG may be forced to empty its sperm bank unless its semen deposits can be screened for the deadly Aids virus, the Hongkong Family Planning Association said. The association's director Peggy Lam said unless new equipment could also screen existing sperms, the bank wouldReuter - 75 words
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312 1985-07-27 4 AFP THAILAND has called for the elimination of bureaucratic restrictions hindering the progress of economic cooperation among the member countries of Asean. Thai Foreign Minister Sithi Sawetsila said in Bangkok on Thursday, after a conference with 24 Thai ambassadors stationed in Asia and theAFP - 312 words
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Article132 1985-07-27 4 AFP THAILAND has dismissed the rejection by a visiting Soviet diplomat of a negotiation offer on Cambodia, saying that it would like to hear Vietnam's view on the issue. Thai Foreign Minister Sithi Sawetasila said yesterday that Bangkok did not agree with Anatoly Zaitsev, the headAFP - 132 words
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112 1985-07-27 4 Bernama THE AUSTRALIAN government has given an assurance that its new policy of allowing educational institutions to accept un» limited numbers of foreign students paying full fees will not affect the number of subsidised students in the country. Australia's Department of Trade Deputy SecretaryBernama - 112 words
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232 1985-07-27 4 Reuter INDIAN Prime Minister Rajiv Gandhi said the world's trading system was being threatened by mounting protectionism in the industrialised nations. He told about 30 Third World trade ministers on Thursday that the attitudes of developed countries towards trade liberalisation were becoming more rigid andReuter - 232 words
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Page 3 Advertisements
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Advertisement0 1985-07-27 3 ~}~%!~:()@}\;};(|;_-{|>|!!,)*-<0 words
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Advertisement145 1985-07-27 3 CROP'S GABk f Ai\\ fTL I L > '<4 e 1* I r <m m >*> h 0 Baron's Table Sunday Brunch... you'll love it! Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. For starters, there's an array of appetizers to choose from.145 words
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RAW MATERIALS
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Article151 1985-07-27 4 Chinese Produce Robusto 20/25% FOB NSW 460 00 Exchange (Sellers' noon closing prices on Nutmeg 454 00 July 26 (SS/100 kg). 1 10 FOB NSW E&W FOB NSW 330 00 Coconut oil Bulk FOB 100 00 Gambier Old drum FOB 113 00 FOB NSW 330 00 New drum151 words
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Article290 1985-07-27 4 Singapore C-l Ord unq (S$/kilo, ex-godown) Loonzain Rice Fragrant nev* crop let 0 82 100% 1st grade 100% 2nd grade unq 215 2nd 062 100% 3rd grade unq 3rd 0 60 Parboiled Rice New Crop stock 5% 215 25% no 10% 210 10% no stock Tlioi Broken Maize unq290 words
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Article107 1985-07-27 4 THE Kuala Lumpur tin yesterday fell five cents to M 531.16 per kilo mainly on increased disposals, still within the ITA lower range of 29.15 and 32.*. Wednesday's rise attracted increased turnover of 71 tonnes against 51 on Wednesday. Continued Japanese and local buying was evident but the107 words
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Article165 1985-07-27 4 Yarn (In HK$ per bole of 400 lb) China corded yarn, cones Blue Phoenix 16's 2,550 Blue Phoenix 20's 2.600 Blue Phoenix 32's 3,000 Blue Phoenix 40's 3,400 Carded yarn, hank Blue Phoenix 2l's 2,800 Combed yarn, cones Blue Phoenix 32's 4,200 Blue Phoenix 40's 4,400 Open-end yarn Blue165 words
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Article172 1985-07-27 4 SINGAPORE THE MARKET yesterday closed slightly higher with August one RSS buyers quoted at 171.50 cents per kilo, up 0.25 cent from Wednesday. MALAYSIA Little price movement was noted on the market, following a lack of trading incentive ahead of the weekend, dealers said. Current August Int One RSS172 words
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Article373 1985-07-27 4 in S cents/kg, FOB i n bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 171 25 172 25N 171 50 172 50N Int 1 RSS Aug 85 171 25 171 50 171 50 171 75 Int 1 RSS Sept 85 169 25 169 75373 words
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Article166 1985-07-27 4 MALAYSIAN crude palm oil prices yesterday extended losses on continued liquidation to end at the day's lows after India passed its weekly palm oil tender. A slight rebound in Chicago soyoil futures failed to boost prices. July south and central lost M 522.50 and $15 to $920 per166 words
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Article135 1985-07-27 4 WHEAT futures climbed after midday on Thursday, closing 5'- to 3V 2 higher in thin trade on the Chicago Board of Trade. Spot September gained 4'« and settled at US$2.97 1 4 a bushel. Prices regained much of the eight cents they lost on Wednesday on scattered commercial and135 words
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Article131 1985-07-27 4 SOYOIL futures on Thursday settled with gains ranging from 0.20 to 0.41 US cent a lb higher, while meal eased a bit after midday to close USJI.2O to $0.30 a tonne lower. Renewed commercial selling after midsession pressed meal values in all months, but losses were limited by the131 words
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Article108 1985-07-27 4 (cents/kg, 1-ton gij SEPT 85 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 143 50 145 50N 144 50 146 SON SSR 50 141 50 143 50N 140 50 144 50N MRELB Buyers Sellers Buyers Sellers SMR CV 200 00 202 00N108 words
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Article910 1985-07-27 4 COFFEE ROBUSTA coffee futures pared morning gains as sterling recovered against the dollar, to end Thursday up £28 to £1 a tonne from Wednesday night's close, dealers said. The market initially largely ignored the effects of strong sterling, remaining buoyant on the continuing technical rally. But at the910 words
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Page 4 Miscellaneous
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Miscellaneous52 1985-07-27 4 Doonesbury i pont know my rrs so HARP 70 FINP SOMEONE, MIKS, Burrris. allthbocwmeh j IN THIS CITY ARB BJTHBR 1 1 rn. MARRJSPOR6AY. i a NOU/.MARCJA, THATSA &T OF A CLICHE, PONT YOU TUIHIC7. rrsALsoA FACT.S&7HE HUNK IN THE JOG6IN6SHORTS (WZ7HSRS* Vm se Sft I? m mm >M BY52 words
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BANKING AND FINANCE
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170 1985-07-27 5 AFP A BRANCH of the People's Bank of China has run into liquidity problems and failed to honour some cheques after lending too much to enterprises and government departments. The South China Morning Post said some cheques written by customers of the People's Bank ofAFP - 170 words
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Article472 1985-07-27 5 THE SLUGGISH stock market last year sent underwriting activities of the merchant banking industry tumbling by 60 per cent to a five-year low of $320 million. The Monetary Authority of Singapore said only four public share issues were floated during the year. As a result, the value472 words
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MONEY AND EXCHANGES
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Article654 1985-07-27 5 SINGAPORE THE US dollar ended a little higher against most major currencies in very quiet trading. It closed higher at 239.40/50 yen compared with an early 238.90/239.00 and New York's 238.95/239.10 close, dealers said. Sterling closed weaker at 1.4065/75 US dollars compared with an opening of 1.4085/95 and654 words
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Article299 1985-07-27 5 Interbank rates at 3pm yesterday: Currencies Nominal ratM Smithsonian Bid Offer cross parity Changs Local dollors to one unit of forei9n currency: US dollar 2 2040 2 2050 2 8196 -21 83 Sterling pound 3 0988 3 1024 7 3469 -57 82 Australian dollar 1 5571 1 5600299 words
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Article350 1985-07-27 5 BA Futures Inc. EURODOLLAR futures yesterday gapped up from IMM's close due to the bullish news of a large drop in money supply. However, after the initial opening at the day's high of 91.84, heavy overseas selling pressure saw the closing of the interexehange gap between IMM's high ofBA Futures Inc. - 350 words
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Article262 1985-07-27 5 HONGKONG: Gold yesterday closed easier in fairly quiet trading reflecting the late strength of the US dollar. The metal ended at U*****.30/70 an ounce compared with the 319.10/60 close in New York and the previous 319.50/90 finish here. On the local market gold lost HK$9 to close at HK|2,947262 words
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Article70 1985-07-27 5 THE OVERNIGHT rate on the Singapore interbank money market fell by 1 point from Thursday to close at five per cent yesterday. The one-month term rate rose 1 point while two- and three-month rates were unchanged. S$ Interbank rates at 3pm yesterday: Offer Bid Over night 5 470 words
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Article49 1985-07-27 5 RESULTS of tender held yesterday for: 91-day Treasury bills to be issued from July 29 to Aug 2. Offered: $80,000,000. Applied for: $182,000,000. Allotted: $80,000,000. Aeeepted bids: $99.28 approximately 15 per cent; higher bids in full. Average rate of discount on allotment: 2.845 per cent per annum.49 words
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Article, Illustration337 1985-07-27 5 Asian market ASIAN DOLLAR deposits yesterday closed steady at opening levels in quiet afternoon trading, dealers said. Periods were steady to slightly lower due partly to news of a larger-than-expected US$4.B billion i fall in latest US M-l mon- i ey supply. Rates later were little changed with three and337 words
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Page 5 Advertisements
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Advertisement732 1985-07-27 5 Republicßank Corporation FINANCIAL STATEMENTS REPORT OF CERTIFIED PUBLIC ACCOUNTANTS The Board of Directors and Stockholders Republic Bank Corporation We have examined the accompanying consolidated balance sheets ot Republic Bank Corporation and subsidiaries and the balance sheets ot Republicßank Corpof.ition (ftjrent Only) at December 31. 1983 and 1484. and the related732 words
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TIME-OFF
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Article503 1985-07-27 6 FOR A CHANGE, the Indian opposition has had a chance to thump desks in Parliament, not to jeer at the government, but to cheer it. In what could turn out to be one of the prime political victories in independent India, Prime Minister Rajiv Gandhi503 words
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Article, Illustration1307 1985-07-27 6 JEFFREY TSANG - By JEFFREY TSANG "SINGAPORE DRIVERS have an amazingly low level of skill," declared European rally champion of 1956, Rauno Aaltonen, after observing about 30 drivers manoeuvering in various safety driving exercises. That remark was made all the more biting as it was directed at drivers who1,307 words
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Article1224 1985-07-27 6 What's on from July 27 Aug 2 CONCERT: Ron Goodwin and the SSO. Victoria Concert Hall. 8.15 pm. Tickets: $4, $7, $10, $15. Ron Goodwin is one of the entertainment industry's most versatile and complete musical talents. His music ranges from jazz to classics. In addition to composing film1,224 words
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Article, Illustration172 1985-07-27 6 ONE IS really not quite sure whether it is the famed aphrodisiac quality of shiitake mushrooms (Chinese black mushrooms) that are making them a favourite ingredient In Chinese cooking. In Singapore, dried shiitake, imported mostly from Japan and Taiwan is eaten in large quantities. But there172 words
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Article156 1985-07-27 6 THE NEED for a delicate balance in news reporting is seldom more crucial than when Hong Leong Finance this week found itself the victim of rumours which led to heavy withdrawals at some of its branches. When several organisations issued statements in support of the finance156 words
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Page 6 Miscellaneous
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Miscellaneous789 1985-07-27 6 m sm sa^assmD I CRYPTIC PUZZLE ACROSS 9 Very anxious to get the tea stain out (2, 1, 5) 10 Coin a name, we're told (3) 11 The bad girl returned, in the book (6) 12 Take a risk, shutting one animal in with another (6) 13 The bunkers will789 words
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SPORTS
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Article, Illustration715 1985-07-27 7 BRIAN MILLER - By BRIAN MILLER HE CAME to hand quickly, winning a I,loom race by six lengths in his third start. Four runs later, at Penang, he again routed the opposition scoring a whopping nine-and-a-half length win over 1,200 m. And in his last start on715 words
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Article, Illustration350 1985-07-27 7 Reuter DEFENDING CHAMPION Bernhard Langer of West Germany bounced back from his British Open disappointment to share the first round lead in the Dutch Open Golf Championship with a 68 on Thursday. Langer, the reigning US Masters champion, snapped upReuter - 350 words
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Article246 1985-07-27 7 Reuter US OLYMPIC gold medallist Carl Lewis is almost fully recovered from a leg injury that has kept him off the track for two months and will make a comeback in Europe next month, trainer Joe Douglas has said. Douglas, chief trainer at Lewis'Reuter - 246 words
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197 1985-07-27 7 Reuter FOUR GOLFERS, including LPGA leading money winner Alice Miller and South African Sally Little, shot four-under-par 68s on Thursday to share the lead after one round of the US$3OO,OOO Du Maurier Classic Women's Golf Tournament. Americans Chris Johnson and Laurie RinkerReuter - 197 words
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213 1985-07-27 7 Reuter AUSTRALIAN Brent Thomson is to be retained next season as number one jockey for English Trainer Barry Hills, a position formerly held by reigning British champion jockey American Steve Cauthen. Thomson, like Cau then, was originally brought to England by leading ownerReuter - 213 words
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Article, Illustration493 1985-07-27 7 ANNA TEO - By ANNA TEO THIS AFTERNOON, national tennis trainee Frederick Lim, with a smaller racket in hand, will again be chasing the lil' black ball around four walls at the East Coast Park Recreation Centre. Frederick, who only last night faced Mahader Hassan in the493 words
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Article, Illustration413 1985-07-27 7 UPI JACK MORRIS hurled a fourhitter and Barbaro Garbey smacked a solo homer and RBI single on Thursday night to lead the Detriot Tigers to a 7-2 victory over the Minnesota Twins. Morris, 11-6, who is among the American League leaders in shutouts,UPI - 413 words
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Page 7 Miscellaneous
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Miscellaneous1165 1985-07-27 7 to urn mm CENTRESTAGE: Faerie Tale Theatre Rip Van Winkle 8.30 pm, Channel 12 It is no easy task getting famed director Francis Ford Coppola to turn his lofty fingers to television, but producer Shelley Duvall has managed to pull it off. Thus, the man behind "The Godfather" and "Apocalypse1,165 words
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Miscellaneous50 1985-07-27 7 BriStcW:l^z»jd)Lakens UXXJLD NCXJ S»GNirO A vTHOS>e DRN S Tue Lp\Te_ up>Te BOOK so? it'S BGJeN oNeOFI TO U»TH SROKCII IT FOP R m,NuTe—I'LL -Tur\c.c rMSMc- I rrw QUrit IP\TF TUPN I I V (t£-T WM \ZIC~M ik! snoe lfnC£l THeN i Fir4D Sep> s Tic-KeT... raeN THe T^lN- P>A, ,C50 words
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INTERNATIONAL STOCKS
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249 1985-07-27 8 Reuter BRITISH TELECOM PLC and American Telephone and Telegraph (ATT) have signed an agreement for an international telecommunications link. Texas Instruments, as their first customer, will use the system to link its headquarters in Dallas with its primary European communications hub in .Bedford, England.Reuter - 249 words
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161 1985-07-27 8 CROWN ZELLERBACH .Gcrp will be working with James Goldsmith to determine the future of the forest products company. Zellerbach and Goldsmith's General Oriental {securities Ltd partnership reached an agreement on Thursday afternoon under which Goldsmith will become chairman and gain control of the company's board.161 words
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Article349 1985-07-27 8 Reuter HIGHER PRICES for oil shares helped Wall Street finish moderately higher on Thursday, ending a three-day general price decline. Agreement among Opec oil producers for a small price reduction apparently reassured investors that a failure to reach an agreement in Geneva would addReuter - 349 words
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Article268 1985-07-27 8 JULY 25 Ro»d INDUSTRIALS Unisec Woolworth 500 1675 MININGS 20 -100 A Alpho Abercom AE And CI 960 148 820 -15 12 20 Anglos Artglvool Byyoors 2725 9750B 1125 -75 unch -75 Amoprop 510 -5 Buffets 5850 -150 AMZTT. Borlows C G Smith CNA 2875 1115 2750 280 75268 words
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Article200 1985-07-27 8 JULY 25 Hud Boy Mm a Imp 04 49 -4 Inco 20 Abitibi 17*. -4 Int Pro* Pipe 424 4 Alcon 364 4 Int Ufs 18 unch 22"«. -4 Kerr Add 16* 4 Argoen Hldgs 21 unch Lobiaw B 204 -4 Bonk Mont 304 Mossey Ferg 2\ unch Bonk200 words
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Article665 1985-07-27 8 JULY 25 US$ Alcon Alumei Alcoa Alegheny Lud Afced Chem Cp Afced Stores Afcs-Chalmers Am Brands Irac Am Broadcast Am Can Co Am Cyonamid Am Elec Pwr Am Express Am Home Prod Am Motors Cp Am Natural Gas Am Tel Tel Amax Inc Amerada Hess AMF Inc Amr665 words
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Article967 1985-07-27 8 Amsterdam JULY 25 FIs ABN 505 50 4 5 Aegon Ahold 101 10 +0 2 240 30 0 5 Akro AMEV Arrrfoi Amro Bonk Berkel Bote Borsumn Boskafe Bur Tet Cotond Colve 122 60 -02 273 10 19 88 70 0 4 43 50 1 6 98 20967 words
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Page 8 Advertisements
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Advertisement429 1985-07-27 8 jk'T MTOI OjM i^Vr^ 9? •5 <» i > > mWt iW»i: 31 %s£x»i w. m !•«>. it® is ifi? i'3*sSt3BL2;_ SEE?** fi^TS Barons Table Sunday Brunch... you'll love it! Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous429 words
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Advertisement103 1985-07-27 8 T^eLOMMgB Enjoy the world s finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet. Body N Soul from the Philippines. They II captivate you! Happy Hours: spm 7pm, 50% off all drinks (pouring brands). CRown 270 Orchard Road Singapore103 words
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ASIAN STOCKS
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Article422 1985-07-27 9 HONGKONG: Share prices yesterday closed lower after a brief rally around midday, with fairly heavy late profit-taking and position squaring ahead of the long weekend. The Hang Seng index ended 8.48 points off at 1,683.58 after it passed through the 1,700 mark to close the morning at 1,700.77. The422 words
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Article213 1985-07-27 9 NT Kuochon Dev 1260 -0 1 Lien Hwo Indus 960 -0 3 Non Yo Plos 24 60 unch Al Sincere Indus 1 92 -0 04 Pocitic Cons 1480 -0 05 Ava Cement 20 20 -07 Pocitic Elect W»e II 90 0.1 22 40 0 1 Pootung Paper 081 -001213 words
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Article393 1985-07-27 9 TOKYO: Share prices yesterday ended mixed after a soft start and trading was moderately active. But dealers said a waiting attitude prevailed in the market after Thursday's sharp fall. The market average ended at 12,648.09, up 1.06, after falling 130.00 on Thursday. The turnover was 500 million shares against393 words
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Article80 1985-07-27 9 MANILA: Share prices yesteday closed mixed in quiet trading. The Mining Marker rose 0.76 to 796.75 and Oils fell 0.018 to 0.726. The Commercial and Industrial Index remained steady at 131.46. JULY 26 Onentoi B Phrfex B 0011 0 1350 -0 001 0005 Picop B PLOT 38 i*>ch 3.580 words
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Article345 1985-07-27 9 SYDNEY: Australian stocks closed easier yesterday, pushed lower by profit-taking in gold and general resource stocks. The mar- ket had opened steadily but drifted away towards midesession. At the close, the All Ordinaries eased 6.5 points 934.6 after peaking at 941.9 during morning trading. The Gold Index shed 21.9345 words
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Article152 1985-07-27 9 BANGKOK: Stock prices yesterday closed lower in slow trading, the Securities Exchange of Thailand said. The Book Club index fell 0.80 point to 142.08 and declines led advances by nearly a two-to-one margin. Turnover fell to 292,115 shares from Thursday's 442,930 shares. JULY 26 ■ohti 627 -12 82 Siam152 words
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Article70 1985-07-27 9 JULY 26 Won 67B 2 Hyundai C.on*t Hyundai Motor KAL 910 775 448 15 -3 Chohaung Bk Commercial Bk 652 740 444 -1 unch Korea First Yukong Korea Sh* 730 1381 391 unch -14 -4 456 Lucky Ltd 640 15 618 676 6 480 3 785 +6 Gold Star70 words
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Article56 1985-07-27 9 Reuter HONGKONG and Kowloon Wharf and Godown Co Ltd has increased the size of its planned three-year commercial paper issue to HK$9OO million from $800 million. Chemical Asia Ltd and the Hongkong Bank group will jointly arrange the issae, which comprises one-, two- and three-month paperReuter - 56 words
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Article339 1985-07-27 9 AFP THE TOKYO Stock Exchange, an exclusive club which currently admits only Japanese brokers, will open its doors to foreign members from November. The number of seats offered to broking firms in Tokyo will rise from the current 83 to 90. A spokesman for anAFP - 339 words
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299 1985-07-27 9 Reuter THE THREE foreign partners in the OK Tedi gold and copper project in Papua New Guinea (PNG) will sign a full agreement on the mine's future development by the end of this month. The first stage gold mine was shut downReuter - 299 words
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146 1985-07-27 9 AFP FUJITSU LTD, Japan's top computer maker, reported a 33.5 per cent increase in its consolidated afier-tax profit, on a 29.1 per cent sales rise, in the financial year ended in March this year. The company said its after-tax profit came to US$373AFP - 146 words
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Page 9 Advertisements
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Advertisement548 1985-07-27 9 T" sE US* W m Ri <£3( si s If T mm 1 m ir»^P STS (g^m Si «'"X'. tt-- iv 4|i' wr: From English afternoon teas of hot scones and strawberry jam. to eveninv cocktails. Then dance to the music of Juliana s of London. Linger. The mood is548 words
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Advertisement115 1985-07-27 9 Listen to Great New Sounds at CAIRXHILL COCKTAIL LOUNGE With Ramon 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 M For reser\"ations please call 734 6622 f.UKXHU I HOI H M L| Singapore W115 words
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SHARE INFORMATION
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Article, Illustration4415 1985-07-27 10 AFTER a weak start, share prices on the Singapore stock market recovered across the board in the afternoon in moderately active trading. Thanks to an afternoon spurt, the Straits Times Industrial Index put on 6.68 points to 778.44, while the BT Composite Index finished4,415 words
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Article250 1985-07-27 10 SINGAPORE Rises Indices M A A 2400 Ber)untoi 320 How Par 233 C 1 Holdings 155 Apollo 104 OCBC 865 Gentmgs 600 MototioH 310 N O I 160 Sigma Metol 306 Falls 50 22 17 15 11 10 10 10 10 9 BT Composite BT Indicotor BT250 words
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Article4838 1985-07-27 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 afVer the word "SETT"4,838 words
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COMPANY NEWS
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Article, Illustration227 1985-07-27 11 &mi mm By HOCK LOCK SIEW YESTERDAY'S sudden spurt in the share price of Haw Par Brothers once again surprised many analysts that the stock could post a 17-cent gain against a background of no discernible change. While that may be so as far as fundamentals areBy HOCK LOCK SIEW - 227 words
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201 1985-07-27 11 BUYERS once again made their presence felt in a significant way on the Kuala Lumpur stock market yesterday, pushing share prices higher in active trading. Selected counters which eased in the past two days on profit-taking, recorded marginal to moderate gains and a few201 words
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Article3943 1985-07-27 11 BID and olfer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS A Choc <2 OOS) <3) 1 98 0)2 003,943 words
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529 1985-07-27 11 Lifting of freeze welcomed TWO TO THREE new listings are expected to hit the Kuala Lumpur stock market soon, providing the public with an opportunity once again to subscribe for new shares. This follows indications that the authorities will be lifting the freeze529 words
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483 1985-07-27 11 AMALGAMATED Properties and Industries Bhd (API) has won the contract to market and carry out the project management for 404 hectares of land belonging to Heavy Industries Valley Sdn Bhd. The land, next to the Hicom national car project complex in Batu Tiga,483 words
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Article114 1985-07-27 11 HONGKONG Thursday 1366 6 Hong Seng Index Week ago 1346 9 Friday 1683 58 Thursday 1692 06 NEW YORK Week ago 1678 87 Dow Jones Thursday 1353.61 TOKYO Wednesday 1348 90 Tokyo Dow Jones Week ago 1350 92 Friday ***** 09 Thursday ***** 03 Standard Poors Week ago114 words
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Article261 1985-07-27 11 Managers' prices MARA-Bumiputra for July 27 29 First B'putro Second B'putro 5 14 5 19 4 70 4 75 Singapore Unit Trust The Commerce 1 74 1 85 Third B'putro Fourth B'putro Fifth B'putro Sixth B'putro 3 89 3 94 4 30 4 35 2 88 2 93261 words
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Article104 1985-07-27 11 MAYBAN Nominees (S) Pte Ltd clarified that in its letter dated July 20 that the number of shares the Kuwait Investment Office bought in Cycle Carriage was 963,296 and not 963,263, raising its interest to 21.37 million shares. Out of the 963,236 shares, 175,720 were purchased from Mr104 words
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Page 11 Advertisements
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Advertisement256 1985-07-27 11 NOTICES IN THE MATTER OF F C LIANG INV ESTMENT PTE LTD IN VOLUNTARY MQI IDATION, MEMBERS' WINDING lIP AND IN THE MATTER OF THE COMPANIES ACT, CAP 185. NOTICE IS HEREBY GIVEN that in pursuance of Section 308 of the above Act the final general meeting of the abovenamed256 words
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Advertisement10 1985-07-27 11 M onagers ust anage BT shows you how every Monday.10 words
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Advertisement139 1985-07-27 11 The advertisement which appeared in the Business Times on 22/7/85 m the matter of KWEE SAM SONS PTE LTD (In Liquidation) under Members Voluntary Winding-up Notice of Resolution, the contents "CHAN HOCK SENG. Liquidator" should read as "TAN KWEE SAM, Chairman". *1 Schroders J. HENRY SCHRODER WAGG CO. LIMITED LONDON139 words
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353 1985-07-27 12 SINGAPORE business leaders reacted favourably to government measures to coax the economy into a recovery phase, but some expressed reservations. The announcement, said Mr Tan Wah Thong, chairman of the Singapore Manufacturers Association (SMA), will help "inject confidence in our economy, a factor353 words
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772 1985-07-27 12 Reductions in Telecoms charges 1) In the four quarter of 1985, Telecoms will further reduce tariffs for four services. These are international telephone and telex services, telephone extensions and radio pagers. This will result in an estimated revenue reduction of $50 million. 2)772 words
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Article, Illustration324 1985-07-27 12 MORE VISITORS will be attracted to Asean with the combined efforts of member countries to improve facilities and services as well as to increase awareness of the region. Dr Wong Kwei Cheong, the Minister of State (Trade and Industry), expressed this324 words
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527 1985-07-27 12 FOO CHOY PENG - Those away for 10 years with no valid claims will be affected By FOO CHOY PENG PEOPLE born in Singapore but who have lived outside the country for a stretch of 10 years could have their citizenship revoked. However, the proposals to amend the527 words
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382 1985-07-27 12 LEE HAN SHIH - By LEE HAN SHIH THE GOLDHILL GROUP is to sell a residential site next to its flagship building, Goldhill Square, for $12 million. At 6,320 sq metres, the property group is asking $1,900 per sq metre for the freehold site at Khang Guan Avenue, off382 words
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Article91 1985-07-27 12 WEST GERMANY'S Federal Minister of Economics, Dr Martin Bangemann, will be in Singapore from July 30 to Aug 1 on an official visit following an invitation from the Minister for Trade and Industry, Dr Tony Tan. A 12-member delegation and Mrs Bangemann will accompany him on91 words
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Article34 1985-07-27 12 Reuter OPPOSITION MEMBERS of the Philippine Parliament will file impeachment proceedings against President Marcosi charging him with high crime. The resolution will be filed after all 58 opposition members have signed it. ReuterReuter - 34 words
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370 1985-07-27 12 A QUALITATIVE CHANGE in the country's political-social conditions is needed to shape Singapore's destiny which will be towards a "successful" system of parliamentary democracy. The Member of Parliament for Potong Pasir, Mr Chiam See Tong, said yesterday: "There can never be a destiny for Singapore370 words
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208 1985-07-27 12 AP THE CHINESE government yesterday simplified entry procedures for the estimated 20 million people of Chinese origin living in other countries. Overseas Chinese wishing to visit relatives or friends, or coming as tourists and for business, will not require visas or exit permits withAP - 208 words
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Article65 1985-07-27 12 Reuter THE NEW YORK stock market eased in early trading yesterday. The Dow Jones Industrial Average was off one point to 1353 while declines led advances by a three-two margin on turnover of 11.96 million shares. Comex gold futures lost US$3.OO an ounce on selling related toReuter - 65 words
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Article1139 1985-07-27 12 Reuter THE HALF POINT cut in the Bank of England's money market dealing rates fuelled hopes of an early cut in UK base rates and helped share prices close higher yesterday. The FTSE 100 Share Index was up 12.3 at 1,234.0, having dipped to 1,215.4 initially. Dealers saidReuter - 1,139 words
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LATE FILE
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Article40 1985-07-27 12 AP THE JAPANESE National Railways (JNR) Reform Commission yesterday submitted a final plan to Prime Minister Yasohiro Nakasone to turn the nation's govern-ment-owned, deficit-ridden railway system into eight se-mi-governmental corporations by April 1, 1987. APAP - 40 words
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Article41 1985-07-27 12 Reuter TWO AUSTRALIANS, Perth welder Kevin Barlow, 27, and Brian Chambers, 28, a builder from Sydney, face the gallows after a Malaysian court convicted them yesterday of heroin smuggling, but the judge has deferred formal sentencing.Reuter - 41 words
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42 1985-07-27 12 Reuter OUTGOING Peruvian President Fernando Belaunde Terry has said he plans to hand over office to Social Democrat Alan Garcia on Sunday as scheduled, despite a powerful bomb attack on the Interior Ministry on Thursday. ReuterReuter - 42 words
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Article40 1985-07-27 12 AP INCREASING numbers of Chinese state-owned enterprises have been smuggling goods from Hongkong to the nearby Chinese province of Guangdong, the Chinese-lan-guage newspaper Ta Kung Pao, quoting a China News Service report as saying yesterday. APAP - 40 words
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Article50 1985-07-27 12 Reuter AN INDONESIAN trade delegation arrived in Singapore yesterday on its way to China with strict orders to avoid political discussion during its 10-day visit there. The visit is expected to set the stage for the reopening of direct trade between the two countries. ReuterReuter - 50 words
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Article34 1985-07-27 12 Reuter US CONGRESSIONAL negotiators have compromised on military aid to the Philippines, giving the Marcos government less than what the White House wanted but more than liberal Democrats advocated. ReuterReuter - 34 words
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43 1985-07-27 12 Reuter FRANCE will continue its nuclear tests in the South Pacific indefinitely. Mr Jean-Michel Baylet, secretary of state at the French foreign ministry, said independent scientists had proved nuclear testing in the Pacific posed no danger.Reuter - 43 words
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Article58 1985-07-27 12 UPI ROCK HUDSON is being treated with an experimental drug, HPA-23, a French drug that stops reproduction of the virus cells, developed by scientists at the Institut Pasteur to combat Aids. It was the first indication of the treatment being given to Mr Hudson, whoUPI - 58 words
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Page 12 Advertisements
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Advertisement15 1985-07-27 12 Nominate vour boss for idhlA BUSINESSMAN OF THE YEAR call Sit Meng Chue at *****5515 words
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Page 12 Miscellaneous
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Miscellaneous54 1985-07-27 12 Outlook for today: Showers over several areos in the early hours. Report tor 24 hours prior to 7 30pm on July 26 at the airport: Maximum temperature 29.1 Associated humidity 81 Minimum temperature 25.0 Associated humidity 97 Hours of sunshine 0.00 Rainfall in millimetres trace Rainfall this month 130.6 Rainy54 words
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