The Business Times, 3 August 1985

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, AUGUST 3, IMS 60 CENTS
    12 words
  • 537 1  -  Financial adviser Wardley working on the blueprint By ALVIN TAY, ELAINE KOH WARDLEY LTD, the financial adviser to Emporium Holdings, is working on a blueprint to repackage all the loans granted by the group's seven major bankers. BT understands that the restructuring was initiated
    537 words
  • 219 1 TWO COMPANIES have agreed to rent substantial retail space from the Emporium Holdings Group. A spokesman for Emporium Holdings told BT yesterday that Bata Shoe (S) would take up space totalling about 930 sq m in 20 of the group's 28 stores. The space sub-let
    219 words
  • 162 1 Reuter CHINA'S gourmets are agonising over what may be one of the most revolutionary changes the communists have yet introduced replacing the traditional Chinese meal's communal dishes with individual servings. The official Guangming Daily yesterday published the opinions of five experts who said China's
    Reuter  -  162 words
  • 383 1 THE TRADE Development Board has a long-term goal to develop Singapore into a furniture design and marketing centre. "We're very conscious of the need to develop our own pool of designers," said Mr Lim Kim Kuay, the TDB director of exporter services
    383 words
  • 240 1 HELPFUL but insufficient that was the consensus of a crops section of businessmen interviewed on SBC's Friday Background programme about the effectiveness of the government's recent package of measures to stimulate the economy. Mr Koh Boon Hwee, the managing director of multinational corporation
    240 words
  • Article, Illustration
    98 1 SHAKE PRICES aMaged to rtoe ywrttrtiy with la vectors eaeearaged by the lack «I selling thrngkMt the day. The reheat, after feu straight days ef hMH, was lei by ladastrlal aad fl—rr eeaaters. Seme eheervers were pleased that the market teek the aews ef the retreaehmeat ef fM
    98 words
  • 431 1  -  By CHUANG PECK MING EATING OUT is a billion-dollar business in Singapore. According to a US Department of Commerce report, the local eat-out market i& worth $1.22 billion a year. In spite of the rise in the number of fast-food outlets, hawker
    431 words
  • 633 1  -  By NAJEEB JARHOM TWO OF SINGAPORE'S largest ship-repairing companies Keppel Shipyard Ltd and Sembawang Shipyard Ltd are still reeling under the effects of the prolonged slump in the industry. The government-backed groups yesterday reported combined bottom-line losses of more than $33 million for
    633 words
  • Page 1 Advertisements
    • 230 1 IntatnqHonql Oonlfence on Oil TBAPOfQ ACTIVITIES and OPPORTUNITIES In Aski PocHlc Basin 16-18 Sept Hyatt Regency S pore Supported by: S pore Economic Development Board S'pore Trade Development Board Organised by: Intertoma Pte lid Parkway Builders Centre «10-03/06 1. Marine Parade Central Singapore 1544 Tel *****00 Tele* RS *****INFAMA THE
      230 words
    • 291 1 SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS CROSSWORDS TV A RADIO DOONESBURY OUR VIEW IF ONE COULD take a world poll of sub-editors in newspaper offices about the most boring story of 1985 they would almost certainly vote for the seemingly never-ending Coca Cola saga. Are we not sick of
      291 words
    • 136 1 _!("<`]*?$*,{??`\];]:"^*]>>`[}@ A I Y. v Wishful thinking? No! Wayfoong thinking For most of us, the buying of a new car is one of the largest purchases we'll make in our lifetimes. Almost everybody needs help in a loan to make their new car dream a reality. And Wayfoong can make
      136 words
    • 42 1 rrrrnns ASIA *86 S.E. Asia 6th International Building, Construction Equipment Public Works Exhibition 27 February 2 March 1986 World Trade Centra S'pore Interfama Pte Ltd Partway Builders C«ror« *1003 06 1 Marina Parade Cantr* Singapore 1544 Tat *****00 Tata* RS ***** iNfAMA
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  • HOME NEWS
    • 412 2  -  By JAIME LYE AIR CANADA, which is running a successful direct flight service between Singapore and Toronto, is seeking to increase the frequency of its flights to five times a week. At the moment, the Canadian carrier flies thrice weekly from Singapore to Toronto via
      412 words
    • 866 2 AT CONVENTIONAL WHARVES KEPWEL WHAMVE8 Boob UVoh No 7Dooam Rajah Brooke Inabukwokot tntanri Jenson 4 Li Heng Ned Noaasaki Niago 42 Sena Sun Timor Trans Hav K9 K2\ K25W K25W K17 K23 IC19 K12 K20 K24E K18 K11A AITTVBI iwpinun alongside 03.8/1500 alongside 03.8/1830 alongside 03.8/0600 03
      866 words
    • 228 2 PEOPLE WITH ANTIQUES, old paintings and ceramics to sell will have a new avenue to display their wares. Auctioneer Victor A Morris and CCC Junk Store Pte Ltd are organising an antique bazaar from Aug 9 to 12 at the Singapore Conference Hall. On
      228 words
    • 291 2 THE HOUSING and Development Board will launch an ongoing courtesy training programme for staff at all levels. Its in-house training programme, which is being put together by the board with the help of outside consultants, will be implemented before October. The need for
      291 words
    • 97 2 A COMMITTEE has been set up by the Community Development Ministry to help solve the problems of the disabled. The committee was formed last month and comprises deputy directors and several senior staff from the relevant ministries and the Singapore Council of Social Services. It will
      97 words
    • 74 2 DBS BANK has opened a new branch at the National University of Singapore campus. The branch, the bank's 28th, is located on the ground flora- of the National University Hospital. The branch will cater to the needs of the professional staff of the hospital and
      74 words
    • 306 2  -  By LUCY NG CITIBANK NA has begun legal action to wind up paper producing company Multi-Pak Singapore, five months after it was put in receivership by Arab Bank. If the winding up suit is successful, the official receiver will take over Price Waterhouse' Job
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    • 225 2 THIRTY-FOUR companies and about 20,000 workers are to take part in the traditional observance ceremony marking National Day. Joining them will be senior government leaders and Members of Parliament, said the latest issue of the National Trades Union Congress publication, "The Singaporean".
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    • 209 2 THE PUBLIC Utilities Board will spend $5.8 million this year on staff training. This is up from the $4 million which was spent last year. It is also setting up a training centre for engineering and technical personnel. The new training
      209 words
    • 195 2 THE SINGAPORE Institute of Management's (SIM) current membership strength makes it the largest management organisation in Singapore. With 550 corporate members and 2,400 individual members, the SIM member profile is as diverse as the professionals who comprise it. There has been a sustained
      195 words
    • 179 2 STUDENTS and tourists were the main visitors to the Singapore Science Centre last year. Of the more than 460,000 visitors to the centre last year, three out of five were students and another one in five was a tourist. In the past years, the
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    • 116 2 THE SINGAPORE Tourist Promotion Board is organising a competition to find the best design for a stage at the Botanic Gardens. Band performances at the gardens were made a regular affair on Sundays after a tourism task force recommendation that musical weekends be made a permanent attraction
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    • 182 2 SHARITY, the friendly pink elephant in blue suspender pants which taught our primary school children to care and share, hopes to play a larger role with the kidis. But the idea of starting a Sharity Club in schools did not start with
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  • OVERSEAS
    • 461 3 NYT THE AMERICAN House of Representatives has overwhelmingly approved economic sanctions against South Africa, but final action on the measure was delayed until September after Senate opponents threatened a filibuster. In a sign of growing support •for the sanctions in Congress, the House voted 380
      NYT  -  461 words
    • 419 3 NYT PERU'S NEW GOVERNMENT iias announced emergency economic measures, including a currency devaluation, that are intended to increase government revenue and curtail inflation, .which has been running at close to 12 per cent a month. The measures are described as being closely modelled
      NYT  -  419 words
    • 430 3 Reuter THE WORST forest fires in southern France for 15 years were finally brought under control on Thursday night, as a high-ranking official blamed the government for ignoring proposals he said could have avoided the blaze. Five firemen have been killed, about 130
      Reuter  -  430 words
    • 122 3 AP THE UNITED STATES and the Soviet Union should exchange 250,000 college students, chosen by lottery, to serve as hostages against nuclear attack by either side, says a physician active in international affairs. Dr Grey Dimond, one of the first participants in medical
      AP  -  122 words
    • 145 3 AP ARMY OFFICERS who overthrew Uganda's civilian government have claimed that ousted president Milton Obote went to the central bank and looted it of foreign currency before fleeing into exile. The coup leaders on Thursday offered to begin talks with guerillas who had been
      AP  -  145 words
    • 889 3 Deficits to be reduced by U5555.5 billion NYT ENDING MONTHS of sometimes bitter disagreement, the House and the Senate have approved a 1986 budget plan that would shrink projected deficits by U5|55.5 billion in 1986 and 1276.2 billion over three years. In the House, the plan
      NYT  -  889 words
    • 135 3 AP ECUADOR has introduced a new floating price for its oil. The price will become effective in October and will fluctuate according to the price of Alaskan oil, the government announced on Thursday. Undersecretary of Energy Fernando Santos said the price of Ecuadorian
      AP  -  135 words
    • 169 3 Reuter MORE THAN 3,000 American millionaires paid virtually no federal income tax last year, according to a report released on Thursday by Congressman Jake Pickle. The Texas Democrat, quoting data from the Treasury Department, said 29,800 taxpayers with incomes of more than $250,000 in 1983
      Reuter  -  169 words
    • 389 3 NYT A PIECE OF SKIN was removed from President Reagan's nose for analysis on Tuesday. The White House said on Thursday that it had been determined that oo further treatment for the President was necessary. In presenting that assessment, however, the White
      NYT  -  389 words
    • 251 3 NYT THE REAGAN administration has urged prompt Senate approval of a new extradition treaty with the UK that would significantly alter the definition of political Crimea. Some members of Congress said the treaty would make it easier to extradite people associated with
      NYT  -  251 words
    • WORLD IN BRIEF
      • 34 3 BRITISH magnate Robert Maxwell became the first foreign publisher to open an office in China on Thursday, and said his edition of Chinese leader Deng Xiaoping's works already looked like a bestseller.
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      • 50 3 A PROMINENT black an-ti-apartheid lawyer, Victoria Mxenge, was shot and killed outside her home on Thursday night, four years after her husband, another leading activist, was also murdered, police said. She was one of the lawyers in the treason trial of 16 members of the United Democratic Front.
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      • 50 3 THE EUROPEAN Economic Community has proposed extending the stabex system for stabilising basic exports by developing countries to Afghanistan and eight other poor nations which are not members of the Lome Aid and Trade Convention. The convention links the EEC to 68 countries in Africa, the Caribbean and Pacific.
        50 words
      • 52 3 THE NUMBER of Britons out of work rose by 56,500 in July to 3.24 million, official figures showed on Thursday. The overall jobless total, which excludes school leavers who cannot yet claim state unemployment benefit, stands at 13.4 per cent of the workforce compared with 13.1 per cent
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      • 56 3 AUTHORITIES have arrested a business executive on charges of fraud that cost a major Jakarta bank US$2.B million. Over the past two years, the unidentified executive of the Metro International Corp, an engineering company in Jakarta, had used fictitious collateral to draw credits worth $2.8 million from Bank Pacific,
        56 words
      • 58 3 MILLIONS of dollarsworth of vehicles originally bound for China are stockpiled in Hongkong as China clamps down on imports to retain its foreign currency reserves. The South China Morning Post said yesterday that Chinese imports of cars, vans and lorries through Hongkong were expected to plunge by more than
        58 words
      • 46 3 Agencies FIVE of the nine orang-u--tans in Beijing Zoo have tuberculosis after being bombarded with rubbish, fruit peelings and spittle by visitors. Official newspaper China Youth News said a seal which died in the zoo was found to have swallowed stones and plastic bottles. Agen-
        Agencies  -  46 words
    • 715 3 ARRIVALS Operator Service number Local time From PAA PA21 0020 LAX/TYO/ HKG sv SV379 0115 SEL CAL 0333 0130 TPE SIA SQ41 0535 MAA MK MK746 0755 MRU CV CV796 0815 LUX/DXB MAS MH68I 0820 KUL KAL KE624 0840 KUL MAS MH603 0905 KUL OA GA7106 0925
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    • 543 4 UPI PRESIDENT FERDINAND MARCOS may seek a fresh mandate in a snap election this year. A government announcement on Thursday night said that the possibility of an election for president and vice-president was "seriously discussed" during a two-hour caucus of the ruling
      UPI  -  543 words
    • 200 4 AFP PRESIDENT MARCOS's proposed national budget for 1906 contains 385 million pesos for "intelligence" funds which he alone can use and is not subject to audit. The Business Day newspaper said yesterday that the 385 million pesos (US$2O.B million) in the budget proposal submitted
      AFP  -  200 words
    • 208 4 AFP THE NUMBER of prosecutions of fake goods manufacturers and traders in Hongkong has doubled this year, a senior customs official said. However, senior prosecutor with the Customs and Excise Department's Trading Standards Investigation Bureau, Andrew Wong, urged courts to impose tougher
      AFP  -  208 words
    • 81 4 Reuter CHINESE leader Deng Xiaoping said he hoped the talks between the two Koreas would lead to a peaceful reunification with a federal system. The New China News Agency quoted him as telling Yoshikatsu Takeiri, chairman of the moderate Japanese Komei Party, that. he
      Reuter  -  81 words
    • 330 4 AP JAPAN'S ruling liberal Democratic Party has considered taxing exports to help ease complaints from its trade partners that Japanese exports are flooding their markets. The party's tax system research council reported on Wednesday that a commodity export tax would raise about
      AP  -  330 words
    • 104 4 UPI AFP V A SENATE task force on trade, has found Japan's new trade" plan to reduce tariffs and open, up markets unacceptable and "too little" to decrease the US trade The chairman of the SenateRepublican task force on international trade policy criticised
      UPI; AFP  -  104 words
    • 138 4 AFP HONGKONG lags behind Singapore in exporting financial and technological skills to China. Hongkong University economist Edward Chen said Singapore planned to upgrade its exports in such services, as it saw limits to exporting manufactured products. Bulletin Magazine reported. "I think
      AFP  -  138 words
  • Page 3 Advertisements

  • RAW MATERIALS
    • 149 4 Chinese Produce Robusta 20/25% 430.00 Exchange FOB NSW (Seflers' noon closing prices on Nutmeg Aug 2 (SS/100 kg). 110 FOB NSW 454.00 Coconut oil E&W FOB NSW 330 00 Bulk FOB 100 00 Gambier Old drum FOB 113.00 117 00 FOB NSW 330 00 New drum FOB Copro
      149 words
    • 282 4 Singapore C-l Ord unq (S$/kito, ex-god own) Loonzain Rice Frogront new crop 100% 1st grade 1st 080 100% 2nd grade 215 2nd 0 56 100% 3rd grade unq 3rd New Crop 25% 10% 0 56 no stock no stock Parboiled Rice 5% 10% 215 210 Thai Broken Maize unq
      282 words
    • 97 4 THE TIN PRICE in lull Lnmpnr recovered two cents to MfM.il, aided by rednced offerings by miners, dealers said. The IT A lower range Is between $21.15 and $32. K. Volnme fell to lIS tonnes from C 47 on Tbnrsday after heavy disposals at the start ef the
      97 words
    • 162 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Bkje 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 2,800 Blue Phoenix 21's Combed yarn, cones Blue Phoenix 32's 4,200 Blue Phoenix 40's 4,400 Open-end yarn 2,350
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    • 158 4 SINGAPORE THE MARKET yesterday closed slightly lower with August One RSS buyers quoted at 171.75 cents per kilo, down 0.25 cent from Thursday. MALAYSIA The Inro buffer stock manager's continued presence aided sentiment and August Int One RSS buyers closed slightly higher at 191.50 cents per kilo, up half
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    • 351 4 in S cents/kg, FOB in boles NOON CLOSE Buyers Stltoi Buyers Sellers Int 1 RSS Prompt 171 50 I72 50N 171.50 172.SON Int 1 RSS Aug 85 172.00 172.50 171 75 172 25 Int 1 RSS S«pt 85 171 75 172 00 171 25 171.75 Int 2
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    • 162 4 PRICES on the Malaysian crude palm oil market yesterday recovered from the day's lows on late covering interest to close slightly lower, after early sentiment was dampened by weaker Chicago soyoil futures. August in the south closed Mss lower at $885 per tonne after a low of $875,
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    • 111 4 WHEAT FUTURES on Thursday closed four to V* US cents a bushel lower on the Chicago Board of Trade, led by the nearby September contract. September ended near the bottom of a six cent range. The Sep/Dec spread stood at around nine cents. Commission houses and LD Commodity sold
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    • 124 4 SOYBEAN futures on Thursday extended Wednesday's gains by 2 Vt to five US cents a bushel on a late rally on the Chicago Board of Trade. November ended near the top of a 7 Vi cent range. C and D Commodities bought November late to even up the day's
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    • 109 4 (cents/kg, 1-too pol».tt) A UG 85 SEPT 85 (current month) (forward month) NOON NOON RAS Buyers Stllcn Buyers Setters SSR 20 143 00 145 00N 144 00 146 00N SSR 50 Ml 00 I43 00N 142 00 I44 00N MRELB Buyers Sellers Buyers Sellers SMR CV 198
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    • 926 4 COFFEE ROBUSTA COFFEE futures on Thursday ended £36 to £47 a tonne above Wednesday night's close but below the highs of a £70 range after late profit-tak-ing took the steam out of the day's strong bull run. At the close, second position November was £36 up from the
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  • Page 4 Miscellaneous

  • BANKING AND FINANCE
    • 160 5 UPI SOUTH-EAST ASIA'S first Islamic insurance company which does not guarantee investors a fixed return opened in Kuala Lumpur for business yesterday. Malaysian Prime Minister Mahathir Mohamad said Malaysia's pioneer company showed the government's sincerity in working hard towards evolving business practices based
      UPI  -  160 words
    • 505 5 Reuter UPI THE International Monetary Fund (IMF) has come under heavy attack during a "continental dialogue" conference in Havana of 1,200 Latin American delegates debating the region's huge foreign debt. Former Peruvian Premier Jorge Fernandez Maldonado said on Thursday that the IMF, which
      Reuter; UPI  -  505 words
  • MONEY AND EXCHANGES
    • 824 5 SINGAPORE THE US dollar yesterday eased slightly against most major currencies in moderate early trading on profit-taking after its sharp gain in New York. It eased to an early 237.50/60 yen from New York's 238.06/20 close and to 2.8255/65 marks from 2.8310/30 marks. It also eased to 2.3160/70
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    • 220 5 Interbank rates at 3pm yesterday: Local dollar* to 0M unit of foreign currency Md Dftor en •00 parity US dollor Starting pound Australian dollar NZ dollar Canodion dollor 2.1890 ***** 1.5585 1.1514 1.6190 2.1905 3.0250 1.5618 1.1543 1 6207 2.8196 7 3469 3.4286 3.4286 3 4206 -22.36 -58
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    • 113 5 THE OVERNIGHT rate on the Singapore interbank money market rose by I'/« point from Thursday to close at AVt per cent yesterday. The one-month term rate fell by V» point while the two- and three-month rates were unchanged. S$ Interbank rates at 3pm yesterday: Offer M 4 1/2
      113 words
    • Article, Illustration
      394 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet trading. Dealers said news that US M-l money supply for the latest reporting week rose by US$3.7 billion and US construction spending by 0.7 per cent had little impact. Most operators were sidelined, awaiting news of
      394 words
    • 366 5 BA Futures Fiwiillir futures yesterday opened five ticks lower than Thursday's close due to the larger than expected increase in US money supply. However, after opening at 91.67, the September contract traded to the day's high of 91.70 on news of the US Congressional accord on cutting the budget
      BA Futures  -  366 words
    • 228 5 HONGKONG: GOLD yesterday closed lower on selling by West German and Swiss interests and in reaction to a larger-tban-ezpected US$3.7 billion rise in latest US M-l money supply. The metal finished at U*****.60/321.00 an ounce against an initial $321.00/50 and New York's 319.70/320.20. On the local market, gold ended
      228 words
    • 50 5 RESULTS of tender held yesterday for: 91-day Treasury bills to be issued from Aug 5 to Aug 8. Offered: $70,000,000. Applied for: $144,900,000. Allotted: $70.000,000. 5 Accepted Mds: $99.30 approximately 67 per cent; higher bids in full. Avenge rate of dlscotnt on allotment: 2.810 per cent per annum.
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  • Page 5 Advertisements
    • 539 5 p.. p Keppel Shipyard limited (Incorporated in the Republic of Singapore) The Directors advise the following unaudited results of the Company and the Group for the six months ended 30th June 1985: COMPANY GROUP The increasingly difficult market conditions have adversely affected the Group's performance resulting in reduced turnover and
      539 words

  • TIME- OFF
    • 505 6 SUB-EDITORS are splendid people. The world over they are the unsung, unheralded heroes and heroines of newspaper offices. Not for them the glamorous by-lines attached to interviews with pop stars, prime ministers and presidents. They live a sedentary, late night life putting to rights the errors of
      505 words
    • 1118 6  -  He has rubbed shoulders with the rich and famous. He has appeared with the likes of Frank Sinatra, Jack Benny, Nat King Cole and Louis Armstrong. Some say he's a comedian. Others swear that he's a wizard on the keyboards. But few will dispute that
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    • 331 6 BAD NEWS is crowding the pages of newspapers these days and businessmen are complaining that the press is adding to their troubles by deepening the pessimism. In the past, some of these businessmen doubted the credibility of newspapers because they carried only good news. If they
      331 words
    • 1061 6 U CONCERTS: Vienna Opars Group. Victoria Concert Hall. S.lspm. Tickets: $4, $7, $10, $15. The Vienna Opera Company from Austria wiH be playing two nights in Singapore with the SSO,. Their programme naturally consists of the wellknown music of Franz Lehar, Austria's foremost composer. Last performance tonight. Fanfara For
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    • 161 6 ALL THE hard wsrk, time aad flager-Mtlag that ge each year lata srgaalsiag the birthday celebratleas sf Singspere will hear trait this Friday, Aag I. The 7fr-miaate birthday party beM at the National Stadium will have plenty of ball»as, haadreda ef dancing school children, a la their
      161 words
  • Page 6 Miscellaneous
    • 806 6 mfMwm eaDsasmii) m CRYPTIC PUZZLE ACROSS 9 Say what you'd hesitated to say and foil the strike (3. 4, 2) 10 Plus now the front gate is broken (9) 12 Beneficial? I'm pleased to hear it (4) 13 Confused obout the figure oppended (6) 14 Understanding drink is to blame
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  • SPORTS
    • 445 7 Reuter JOHNNY MILLER, 38-year-old former British and United States Open champion, returned a six-under-par 66 to take a first round lead in the £125,000 Scandinavian Open Golf Championship on Thursday. On a day twice interrupted for 45 minutes by storm, Miller came
      Reuter  -  445 words
    • 584 7  -  By BRIAN MILLER REMEMBER the name Besmervea. Because he's the horse they'll all have to beat in tomorrow's Pesta Sukan Cup race to be run over 1,600 m at Bukit Timah. By Ben Orestes, a New Zealand sire of mild repute,
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    • 549 7 UPI JOHN HENRY, the richest thoroughbred racehorse in history forced to quit the circuit two weeks ago because of an injury, will retire to the Kentucky horse park only a few kilometres from where he was foaled. "I'm excited to announce that John Henry is
      UPI  -  549 words
    • 156 7 Reutcr GHOORAN, who won the Ascot and Goodwood Gold Cups last year for international owner and breeder Robert Sangster, has (ailed to repeat the achievement. After winning the Ascot Gold Cup again on fast ground in June, connections were hoping for more success
      Reutcr  -  156 words
    • 176 7 AP YOSHIHIKO TAKAHASHI a three-run home run in a six-run fourth inning rally, leading the central baseball league's front-running Hiroshima Toyo Csrp to a 7-5 victory over the Yomiuri Giants at Hiroshima on Thursday. The Csrp have a two-game lead over the second-plsce Hanshin
      AP  -  176 words
    • 686 7 Reuter HIGHLAND FLING again kept the Singapore flag flying high in English winds with a tremendous fourth-place finish in the second inshore race of the 1965 Admiral's Cup yachting championships at Cowes, England, on Thursday. The one-tonner's fine streak, (it had come in
      Reuter  -  686 words
  • Page 7 Miscellaneous
    • 1108 7 CENTRESTAGE: Faerie Tale Theatre The Princeee Who Had Never Laughed 8.30 pm, Channel 12 Not exactly a very well-known fairy tale, this one stars the very comical Howard Hesseman who was formerly the spaced-out deejay on WKRP In Cincinnati. Also featured is Ellen Barkin, who plays the young princess who
      1,108 words
    • 0 7 -\(,-}=?"".~<.$;"^+{\$`.&!=&^:;
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  • INTERNATIONAL SROCKS
    • 297 8 Reuter FORD MOTOR CO's planned US$493 million purchase of First Nationwide Financial Corp follows the trend of other major Detroit carmakers in expanding their presence in the financial services area. But Wall Street analysts said the deal is unlikely to have any significant
      Reuter  -  297 words
    • 169 8 Reuter BARCLAYS PLC chairman Timothy Bevan said the group, the holding company (or Barclays Bank PLC, viewed the rest of 1985 with cautious optimism. He was commenting on the bank's results for the first half of 1985 which showed a 40 per cent rise in pre-tax earnings
      Reuter  -  169 words
    • 355 8 Reuter WALL STREET stock closed higher in active trading on Thursday. The Dow Jones Industrial Average gained 8.17 to 1356.62. The New York Stock Exchange index rose 0.71 to 111.18. The average price per share increased 23 cents. Advances led declines by 1040 to
      Reuter  -  355 words
    • 199 8 AUG 01 INDUSTRIALS Utvmc Woofcrorlh 590 1600 90 unch 925 2650 -150 Ab#rcom 165 -10 Angkool 9900 -100 350 AE And O 465 -15 Bhryooc* Burfofc 6100 2700 -50 500 1060 55 1275 2550 -150 980 20 2208 25 1010 -25 415 4200 -325 ***** inch 140 -5 F«d
      199 words
    • 125 8 AUG 01 Abrtbi c$ 18 unch Hud Boy Min krv Oi Inco kit Pro* Pip* 7* 49* 20 42* unch Alcan 37* unch kit Ult Karr Add 16* Lototow B 20* Mautf Farg 3* DUTK rVWfW 13* Mc BkxM 21* 16* 34* Moor* Cp 27* 30* M Norondo Can
      125 words
    • 722 8 AUG 01 US$ Akan AJumai Alcoa Lud AM Cham Cp AM Storn Alrs-Chalman Am Brandt Inc Am Broodcott Am Con Co Am Cyananvd Am Etoc Pwr Am Expratt Am Horn* Prod Am Motors Cp Am Notwol Got AmTillTd Amax he Amrrodo Hut AMF Inc Amr Corp Amco SWl
      722 words
    • 567 8 Amsterdam AUG 01 Ft. ABN 504.00 4-6 Atgon ***** 4-1.7 Ahoftd 240.00 41.5 Akso AM£V AmfOI 124 80 40.3 266.50 41 Amro Bonk I 87 00 40.9 Berk at 45 00 -0.5 99 50 inch Bo ***** +5 BmkA BLV T«« Oiond 9600 -0.5 36 00 -05 Cotv*
      567 words
    • 199 8 Reuter DIRECT INVESTMENT by Japanese companies in the US is rising but US and Japanese trade analysts disagree sharply over how much these companies really care about cutting Tokyo's huge trade surplus with Washington. In the year ended March 31, planned investment in the US
      Reuter  -  199 words
  • Page 8 Advertisements
    • 355 8 V i Wtere to wine, tflae aafl taMaa P; High tea, high fashion... at Orchard Hotel Singapore. V i X Jr >\ v ORCHARD HOTEL SINGAPORE •\-f* "if xi/I *>< Monday, Tuesday, Wednesday... hmm, just like Mum's cooking Welcome to our daily special dish! It's local. It's mouth-watering. It's super
      355 words
    • 99 8 mm H 1 Enjoy the world's finest wine, while you relax In the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet Body M Soul from the Philippines. They'll captivate you! Happy Hours: spm 7pm, 30% off all drinks (pouring brands). CRown •FRJtfZHTTEL 270 Orchard Road
      99 words

  • ASIAN STOCKS
    • 259 9 HONGKONG: Share prices closed lower in light trading yesterday with speculative selling pressuring the banking sector. The Hang Seng index finished 13.39 points lower at 1,665.59 after being up 3.79 at mid-morning. Turnover fell to HKJ254.88 million from Thursday's $321.56 million. AUG 02 HK$ Hutch Wham Wan 15.10 26
      259 words
    • 187 9 AUG 02 Al Sran Indus Asia Camant KT 1 99 20.70 22.70 +0.09 +0.3 +0 2 Kuochan Da* ban Hwa Mm Nan Ya Pta* Poafc Com Pocific Bact Wire 1260 940 24.80 14 40 1240 0.77 0.25 +01 +0.4 +0.5 +0.15 0.03 43.70 0 7 11.90 0.3 14.80 045
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    • 335 9 TOKYO: Bus share prices eased from a firm opening in active trading, as profit-taking undermined some domestic orientated issues. The market average lost 12.58 to 12,525.96 after soaring 306.07 on Thursday in the second sharpest single-day climb on record. Turnover was 520 million shares against 430 million on Thursday.
      335 words
    • 98 9 MANILA: Prices closed largely unchanged in thin trading yesterday. The Commercial and Industrial Index and the Mining Index were unchanged at 132.98 and 673.78 respectively while oil issues dropped 0.18 to 0.726. Lepanto 'B' fell to 0.038 from 0.039. AUG 02 NM Oriental 8 Mai 8 0.012 -0.001 0.13
      98 words
    • 447 9 SYDNEY: Australian sharemarkets closed easier yesterday, with resource stocks under selling pressure following overnight falls in gold bullion prices. Australian gold stocks fell across the board, despite support from offshore interests as the South African unrest continued. Near the close of trading, the All Ordinaries Index had dropped 3.3
      447 words
    • 77 9 AUG 02 WM ♦2 unch HywM Carat Hyundai Motor 910 856 462 inch +28 +7 Oohoira Bk 690 Koraa Rnt 725 1395 -5 -5 UJfTVTtilUUI OK....... DorimM Do*woo Corp 1 440 463 +8 ♦3 12 6 +3 -3 Karoo Ship Lucky Lid 394 648 671 unch +5 +6 Dang
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    • 137 9 BANGKOK: Trading remained sluggish yesterday. Turnover fell to 206,663 shares worth 34.9 million baht from Thursday's 485,812 worth 65 million. The Book Club index fell 0.24 point to 142.70. Sinpinyo m led the actives with 27,800 shares traded. AUG 02 MM* Stam Camant 88 1 5 Aokham Thai Alia
      137 words
    • 57 9 Reuter BOMBAY stock exchange brokers have called off their two-day-old strike and trading would resume, exchange executive director M R Mayya said on Thursday. The brokers stopped work on Wednesday in protest against raising the margins to 40 per cent from 10 per cent on purchases
      Reuter  -  57 words
    • 447 9 Beraama MAIKA HOLDINGS, the MlC's investment arm, has reached an agreement with the Indian government to buy 10 per cent of the latter's 40 per cent stake in the paid-up capital of United Oriental Assurance (UOA), MIC president Datuk S Samy Vellum said.
      Beraama  -  447 words
    • 271 9 Reuter AUSTRIA HOPES to attract a new compact disc manufacturing plant, which Sony Corp plans to build in Europe in a joint venture with the CBS Inc. A spokesman for the Austrian state-owned investment promotion corporation ICD Gesmbh said he did not know whether
      Reuter  -  271 words
    • 133 9 IN A MOVE to promote reorganisation of Japan's slump-stricken oil industry, two Japanese oil companies and their refining subsidiary said they would merge next April to form the nation's third' largest oil company. The merger will bring together Maruzen Oil Co and Daikyo Oil
      133 words
  • Page 9 Advertisements
    • 567 9 i M N Wftere to wise. iiae and entertain Paramount Hotel —s Whf* th* hippy p*opf go X COCKTML LOUNGE Experience a new and refreshing concept in cocktail lounge entertainment. Experience The Gazebo. The frontispiece of Paramount Hotel, away from all the husbe and bustle A free flowing garden terrace
      567 words
    • 106 9 Listen to Great New Sounds at CAIRXHILL COCKTAIL IXH'XGE With Ramon D New Blackjacks Happy Hours: spm 7pm With Sunny and Stamford For reservations please call 734 6622 Mimmmnn. moTtn. Singapore 19, Cairnhill Circle, Singapore 0922 tt JL I ,r JT 1 ft i r Y» ft lit Taste the
      106 words

  • SHARE INFORMATION
    • 4201 10 SHARE PRICES closed higher yesterday for the first time this week. Most of the gains were made in the morning; in the afternoon, the market went sideways. The BT Composite Index added 1.94 points to 671.29 while the Straits Times Industrial Index rose
      4,201 words
    • 167 10 SINGAPORE RiM« Indie** :s &A «$al CCM 444 +5 ITMcM* *****95 *****24 SipMMMl 324 +14 VT 08/05 +81 -7 *,yr :s saTr" miif SSF- s SKS*. 25 as T*m ft Git 90 +6 ST Mirn.g ***** 299.85 OCIC 850 +5 STPwShm. 2238.77 2243 0T. N S T
      167 words
    • 3320 10 BID and offer prices officially listed and business In and reported to Um Stock Exchange of Singapore yesterday with tbe number of shares traded shown In brackets in lots of UNO units unless otherwise specified. All Time Settlement Contracts are quoted after the word "STTT"
      3,320 words

  • COMPANY NEWS
    • 343 11  -  J£ ■*'>' By HOCK LOCK SIEW FOLLOWING a short-lived but no less inspiring start, Jurong Engineering Ltd began the first of a three-stage trend that all stocks go through. The first was a ruinous four-month-long bear market that dragged the share price
      343 words
    • 374 11 INDIA-MALAYSIA Textiles Bhd has been instructed to defer the listing and quotation of the 44.5 million new shares arising from its restructuring proposals. But the Capital Issues Committee has told the company that it can proceed with the requotation of its
      374 words
    • 87 11 Reuter HOUSE OF FRASER PLC has bought an additional two million ordinary shares of Debenhams PLC, giving Fraser 24.46 per cent of Debenhams. That is the maximum amount of shares that Fraser can buy at this moment under British takeover regulations. However, a Fraser spokesman
      Reuter  -  87 words
    • 255 11 price» for Aug 3 5 Singapore Unit Trust T>»« Commerce I 67 177 Tht Vivingi Fund IJI 139 S'pora IVog Fund 0 74 0 76 S p<x. Uc Fvrtd 105*111 5'po*• ln»M Hrtd 0 79 0 94 S'p of» Egutr Fund 0 74 0 76 Asia Unit Trust
      255 words
    • 117 11 HONGKONG Hong Seng Index Fn<Joy *****9 T> jr «fay 1678 95 Week ogo 1683 58 TOKYO Tokyo Dow Jones ***** 96 ***** 34 W»«fc ogo ***** 09 TSE Index Fndov 1016 93 Thurvdoy 1016 66 We*h ogo 1048 43 SYDNEY Australian Minings Friday 538 9 Thursday 549 8
      117 words
    • 269 11  -  By AMY CHEOK THE TERMINATION of Straits Steamship Company's heavy loss-making activities in the second half of last year is beginning to have some positive impact on its interim results. However, the expected return to profitability has still not materialised and Steamers
      269 words
    • 42 11 THE STOCK EXCHANGE of Singapore said the due date for delivery of settlement contracts of shares in Kampcag Lanjat Tla Dredging Bhd will be brought forward to Aug 27. Settlement trading will be suspended from Aug 28 until further notice.
      42 words
    • 448 11  - Town City explains By CHAN OI CHEE TOWN A CITY Properties Ltd has explained that a difference in the treatment of a huge $8.8 million exchange gain largely accounted for the discrepancies between its 1964 audited and unaudited financial figures. In reply to a query from the Stock Exchange of
      448 words
    • 379 11 RIG-BUILDER Far East-Lev-ingston, the cash-rich member of the Keppel Shipyard group, is finding it extremely difficult to hold up in an overall depressed marine industry. FELS, which has been a major contributor to Keppel's coffers, yesterday reported sharply lower profits for the first six months
      379 words
    • 279 11 AUSTRAL ENTERPRISES Bhd's proposed one-for-six bonus issue and acquisitions of three estates have been given the green light by the Capital Issues Committee. Austral, the listed plantation subsidiary of Island and Peninsular Bhd, said the CIC had approved the listing and quotation
      279 words
    • LATEST RESULTS
      • 87 11 Group pre-tax profits of $646,000 in the year to April 30, 1985, compared with H53.000 in the previous year. After-tax profits amounted to $213,000 ($163,000), giving earnings per share of 2.4 cents (1.8 cents). Profits attributable to shareholders improved to $524,000 from $307,000. Group turnover
        87 words
    • 488 11 SOME LIGHT BUYING activity helped share prices close on a mixed note on the Kuala Lumpur stock market yesterday. Selected stocks which continued to attract attention moved upwards in fairly active trading. The market started on a mixed note and thereafter share prices edged
      488 words
    • 2236 11 BID and offer price* officially luted and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the numMr of shares traded shown In brackets In lots of IfiOO units unless otherwise specified. MDUSTRMLS A Chocd .80S) (3) 1.75 AMD (3 006 3.065)
      2,236 words
    • 73 11 HARRISONS MALAYSIAN PLANTATIONS Berkad: 9th AGM at The Theatrette, 2nd Floor, Balai PNB, Jalan Tun Razak, Kuala Lumpur on Wednesday, August 7, at 11am. AMALGAMATED PROP' ERTIES A INDUSTRIES Berfcad: 15th AGM at Teratai Suite n, 2nd Floor, Petaling Jaya Hilton, Jalan Barat, Petaling Jaya, Selangor on Saturday,
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  • Page 11 Advertisements
    • 13 11 Tighten-up your namr Let Sevvy Ballesteros show you how In BT every Tuesday.
      13 words
    • 118 11 NOTICE NOTICE IS HEREBY GIVEN that, I Chang Pye Peow of Blk 110, Toa Payoh Lorong 1 #03-332 Singapore 1231 have applied for a Retail Liquor Shop licence In respect of premises at M/S Kingsley Provision Shop Blk 105, Depot Road #01-627 Singapore 0410 and that this application will be
      118 words

  • 441 12  -  Union leader hits out at managers for adverse comment By LUCY NG PUBLIC SECTOR unions yesterday said they would give up their rights to negotiate for this year's National Wages Council (NWC) awards and lashed out at managers who had described an earlier
    441 words
  • 161 12 PAKISTAN has decided to stop its purchases of Malaysian palm oil through Singapore and is buying the commodity direct from Malaysia. This is expected to lead to significant savings of invisible losses for Malaysia as about 44 per cent of Pakistan's imports of
    161 words
  • 330 12 UPI THE US unemployment rate in July remained at 7.3 per cent for the sixth consecutive month, thanks to a surge in construction and restaurant jobs, the US Labour Department said. Despite the addition of about 500,000 new Jobs
    UPI  -  330 words
  • 183 12 Reuter A STUDENT OCCUPATION of the US Information Service Centre in Seoul was part of a campaign to topple President Chun Doo Hwan, a radical leader told a court yesterday. Ham Un-Kyong, who led the four-day occupation by 73 students
    Reuter  -  183 words
  • 520 12 AP FROM THE START, the US targeted Japan and not Germany for the first atomic bombing because of greater fear of German retaliation. Two document researchers, US journalist-editor John Kelly and Indian-born scientist Arjun Makhijani, yesterday presented once-secret documents to show that the atomic bombing of
    AP  -  520 words
  • 60 12 The Statue of Peace at the Peace Park, Nagaaaki, being cleaned in preparation for a memorial service on Aug 9 to mark the 40th anniversary of the atomic bombing of the Nagasaki City. In Hiroshima City, similar aervices will be held next Tuesday by the annual
    60 words
  • 451 12 IN THIS PERIOD of gloom, some cheery news for Singaporeans has come from an authoritative Japanese government agency if its number crunching computers are any good. Japan's influential Economic Planning Agency (EPA) forecast that Singapore would grow by an average of 5.5
    451 words
  • 410 12  -  By AMY BALAN HWA HONG Corporation has put up its $148 million warehouse in Martin Road as security for a $50 million revolving underwriting facility (RUF) which would allow it easy access to loans at below prime rates. The facility, which
    410 words
  • 163 12 AFP SOUTH CHINA'S Hainan Island is to maintain its open development strategy despite a massive illegal imports scandal and the dismissal of the island's government head, the provincial party chief said yesterday. Guangdong Province communist party secretary Lin Ruo said the general development
    AFP  -  163 words
  • 126 12 Reuter COMEX GOLD FUTURES gained between US$l.4O and 0.80 cents an ounce on small buying by professionals following a lower dollar. In light activity, spot gold was ahead $1.40 at $321.40 an ounce. H»e key December delivery added $1.00 at $329.00 and analysts said the banks
    Reuter  -  126 words
  • 65 12 Reuter THE NEW YORK stock market moved lower in early trading yesterday, despite a report that unemployment was unchanged in July and Thursday's agreement in Congress on a measure to trim the federal budget defU cit. The Dow Jones Industrial Average was off three points to 1353
    Reuter  -  65 words
  • 977 12 Reuter SHARE PRICES closed easier on light profittaking yesterday after the previous day's sharp gains, dealers said. At 1430 GMT, the FTSE 100 was down 4.7 at 1,282.5. Debenhams was lOp higher at 328. House of Fraser said it had increased its stake in the company to 24.97
    Reuter  -  977 words
  • LATE FILE
    • 62 12 UPI ISRAELI warplanes blasted a Lebanese militia base in the Bekaa valley with bombs and rockets yesterday. Initial reports said at least 15 people were killed, though police said only three deaths could be immediately confirmed. The attacks apparently were ordered in retaliation for a wave of
      UPI  -  62 words
    • 63 12 Reuter THE TROUBLED US$3O billion project to develop a European Jet fighter is to go ahead without the participation of France and Spain. Defence Ministry spokesman Colonel Werner Baach said yesterday that West Germany, Britain and Italy had agreed to go ahead with the
      Reuter  -  63 words
    • 32 12 Reuter THREE European Community foreign ministers and a European Commission representative will visit South Africa to express the community's concern over the crisis in the country. Reuter
      Reuter  -  32 words
    • 58 12 Reuter CHINA says its armed forces are capable of counter-at-tacking with nuclear weapons in the event of war. A report on Shanghai Radio said: "After more than 20 years of development, our country's strategic rocket force, which was formally organised in the mid-*****,
      Reuter  -  58 words
    • 41 12 AFP AN EXPECTED 16 per cent surge in investment in the European Economic Community is not expected to boost industrial employment in the 10-member group, the EEC's executive commission warned in a study released in Brussels on Thursday.
      AFP  -  41 words
    • 47 12 UPI A FIRE in Taiwan that damaged a nuclear-powered electric generator made by the General Electric Co was caused by faulty design or improper material and the company should pay the cost of the repairs, the Taiwan Power Co said yesterday.
      UPI  -  47 words
    • 43 12 AFP National television programmes, previously broadcast to only half of China's territory, can now be seen everywhere thanks to a US Intelsat satellite. New China News Agency said 53 reception stations were able to pick up broadcasts relayed from Shanghai. AFP
      AFP  -  43 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • 54 12 Outlook for today: Rain in savoral oraas in tha morning ond early aftaraoon. Report for 24 hours prior to 7.30pm on Aug at the airport: Maximum temperature 32.5 Associated humidity 66 Minimum temparature 23.8 Associated humidity 94 Hours of sunshine 6.70 Rainfoll in millimetres 5.0 Rainfall this month 5.0 Roiny
      54 words