The Business Times, 17 August 1985
1985-08-17
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The Business Times
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Title Section13 1985-08-17 1 THE BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, AUGUST 17, 1985 60 CENTS13 words
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Article, Illustration320 1985-08-17 1 LOCAL ARCHITECTS are becoming more active overseas with companies involved in designing hotels, a technology institute, banks and universities. Archiplan Team's most recent project is the design of the 680-room Mandarin Hotel to the east of the Shanghai Industrial Exhibition Complex. Mandarin Hotels International320 words
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Article504 1985-08-17 1 RICHARD SEAH - Less than 10 cents earned from every $100 sale By RICHARD SEAH Special Correspondent YAOHAN SINGAPORE is operating on razor-thin margins these days. Last year, for example, the department and supermarket group made less than 10 cents for every $100 worth of goods sold, resulting in a504 words
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Article495 1985-08-17 1 ELAINE KOH - By ELAINE KOH THREE LEADING motor companies, which account for about 50 per cent of the total number of cars sold in Singapore, are offering potential car buyers cheap financing at almost half the prevailing rates. Some other companies, on the other hand, are lowering495 words
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230 1985-08-17 1 THE MONETARY Authority of Singapore has vetoed the appointment of two brothers as directors of the Industrial Commercial Bank, six weeks after their election at an extraordinary general meeting. The rejection is widely perceived as the MAS's attempt to prevent the230 words
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Article, Illustration85 1985-08-17 1 REPORTS OF ft resolntton to the MCA erWs hi Mftlftjnrfft restored Investors' confidence, poshing most share prices across ft broad front active trading Ml the Singapore stock market yeoterday. The BT Composite Index finished 3.4# points higher at «53.15 while the Straits Times Industrial Index rose 4.81 points85 words
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443 1985-08-17 1 BOEY KIT YIN - By BOEY KIT YIN A SMALL local company has received orders to export more than US$l7 million software and hardware for a telephone management system it developed recently in Singapore. Mr Michael Auty, the managing director of the four-year-old company, Tie—Tech, developed443 words
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75 1985-08-17 1 Reuter VIETNAM has advanced its deadline for withdrawing its troops from Cambodia from 1995 to 1990. A communique issued yesterday after a two-day meeting in Phnom Penh of the foreign ministers of Vietnam, Laos and Cambodia said a total withdrawal would be concluded byReuter - 75 words
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Article51 1985-08-17 1 SOUTH AFRICA'S currency plunged to a record low on Johannesburg's foreign exchange market yesterday in a reaction to President PW Botha's defiant speech on apartheid on Thursday night. Dealers said this was the fastest and sharpest drop they could remember in the rand's value against the51 words
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301 1985-08-17 1 THE FIRST Simex Challenge, a financial futures game, ended yesterday afternoon at the close of the Singapore exchange. Early indications suggest the game has been won by a bank team which is said to have accumulated profits in excess of301 words
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Page 1 Advertisements
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Advertisement222 1985-08-17 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 Devetopment Board Organised by-. INTERFAMA EXHIBITIONS PTE LTD Pattwoy BuHdan Canto #1003/06 1. Morirw flow* CmrM. Snaapow 1544 tat *****00 Tatw BS222 words
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Advertisement290 1985-08-17 1 mm SHARE INFORMATION 11 MONEY A EXCHANGES RAW MATERIALS < AIRCRAFT SCHEDULE OUR VIEW A BRITISH CONSTRUCTION company has come up with a novel idea to help sell its luxury houses. It wants to hire o man and a woman to "live in" during office hours and turn the show290 words
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Advertisement0 1985-08-17 1 ?]?@|"){?^/<,>,>*)*)=$+:,}~=@-)0 words
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Advertisement137 1985-08-17 1 ma water Ha asia®6 International Water Technology Exhibition Conference. 27 February 2 March 1986 World Trade Centre S pore INTERFAMA EXHIBITIONS PTE LTD tartmoyßUMarfCanhi *4003/06 1. Mom* ftvod* C»*ai. Wapoam 1544 M *****00 Htm B$ 249*019*** |%`&-(.[~=~@^%~~"!=.->$:",>!^_] Botha's speech gets cold reception, Pege 4 JANE'S DEFENCE WEEKLY is the first137 words
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HOME NEWS
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321 1985-08-17 2 BOEY KIT YIN - By BOEY KIT YIN EXPENSIVE COMPUTERAIDED design, manufacturing and testing systems are within the reach of small electronic companies, thanks to the establishment of standards in equipment. Associate Professor Robert Gay of the Nanyang Technological Institute said that a company with design systems321 words
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461 1985-08-17 2 ELAINE KOH - By ELAINE KOH MANAGEMENT MUST TAKE the initiative in re-educating itself to prevent computer fraud. This is the first step, said Mr Jen Shek Voon, a director of Ernst and Whinney Consultants, at a Computer Asia 85 seminar recently. In his paper on information security,461 words
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Article117 1985-08-17 2 A TRADE UNION responds and adapts itself to the changing circumstances of the milieu in which its members live and work. Mr George Chua, the president of the National Trades Union Congress, said this at the opening ceremony of the Singapore Bank Officers Association's second Triennial117 words
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354 1985-08-17 2 SINGAPORE YARDS stand a chance of being chosen to build a floating hotel for a As 33 million Australian resort. Consafe of Sweden is currently carrying out engineering design work on the resort and will soon decide whether to award354 words
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176 1985-08-17 2 THE GERMAN Agricultural Marketing Board (GAMB) has invited five food retail and manufacturing companies from Singapore to visit Anuga 1985, a food fair held in West Germany. The five companies Cold Storage, Fitzpatrick's, Malaysia Dairies, Ben Foods and Xie Chun Trading176 words
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Article, Illustration106 1985-08-17 2 MEMBERS of the public are invited to attend two public lectures on Aug 19 and 20, delivered by the Lee Kuan Yew Distinguished Visitor, Dr Victor Chang. Dr Chang, one of the world's leading cardio-tho-racic-vascular surgeons, will be here from tomorrow to Aug 23. The106 words
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160 1985-08-17 2 SINGAPORE may be printing Scandinavian trade journals soon, if negotiations between a Danish publisher and local printers work out. Scandinavian News Information (SNI), the publisher of Denmark Today, prints more than 100,000 copies in four editions every quarter. Mr Kristian Bonnichsen, managing director160 words
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327 1985-08-17 2 DAEWOO Corporation is selling more than 1,500 pieces of used building and office equipment with the completion last month of 8,000 public housing units. This is the South Korean company's main building project here. It has no other in the pipeline,327 words
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Article, Illustration432 1985-08-17 2 LISA LEE - By LISA LEE ATTRACTED by the many landed properties on offer, buyers turned up in force at a mortgagee auction held on Thursday and snapped up almost $1.9 million worth of real estate. The purchases included a sin-gle-storey bungalow at 35, Goodman Road, which432 words
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183 1985-08-17 2 THE CHOICE is open to all Singaporeans: pull as one united force with the leaders to sail through the current economic downturn or be wrecked like ships in a storm, said Mr Ng Pock Too, political secretary (Prime Minister's Office), yesterday. "Viewed against the183 words
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Article992 1985-08-17 2 AT CONVENTIONAL WHARVES VMMl Berth Arrival Departure KEFPEL WHARVES B Tribute K30 alongside 17.8/0400 Jaloyammi K9 alongside 17.8/0600 Leipzig K28 alongside 17.8/0600 Zagreb K17 alongside 17.8/1500 Bo tide r N K24E 17 8/1200 17 8/1500 E'tem Glory K27 17 8/0600 18.8/0500 Equator V K23 17 8/0700 18992 words
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Page 2 Advertisements
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Advertisement177 1985-08-17 2 APPOINTMENT POST OF VICE PRESIDENT AFC, a regional development finance institution, has a vacancy for an experienced individual to assume the post of Vice President to assist the President in the general management of the Corporation and specifically responsible for business promotion, project evaluation and project financing activities. Candidates should177 words
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OVERSEAS
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Article, Illustration470 1985-08-17 3 UPI BOEING CO officials have called a decision by the Japan Transportation Ministry to order the inspection of the tail assemblies of all 747s flown by that country's airlines "prudent" and defended the jumbo jet as "air-worthy". The inspections were ordered becauseUPI - 470 words
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347 1985-08-17 3 AFP AN OPPOSITION Member of Parliament yesterday confirmed that his signature was misused by colleagues in the failed impeachment resolution filed against Philippine President Ferdinand Marcos in the National Assembly. Rafael Recto, however, denied press reports that he had accused fellow opposition MPs of forgeryAFP - 347 words
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Article109 1985-08-17 3 AFP THE HONGKONG Consumer Council has denounced an electrical appliances shop for "dishonest" treatment of customers. The council said the shop took deposits from customers for goods and refused to refund the money if the merchandise was unavailable, then talked customers into accepting another product instead.AFP - 109 words
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149 1985-08-17 3 AFP LEADING CHURCHMAN Cardinal Jaime Sin has warned that civil war might break out in the Philippines and called on the church to help ensure peaceful change. A statement issued by his office yesterday said that "the task of the church isAFP - 149 words
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384 1985-08-17 3 AP A NEW ANALYSIS of a piece of fossilised jaw from a 40-million-year-old primate in Burma has added support to the controversial theory that the ancestors of apes, monkeys and humans originated in Asia, rather than Africa. "We can now sayAP - 384 words
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318 1985-08-17 3 AFP FTVE BULK CARRIERS chartered by Sanko Steamship Co, which filed for virtual bankruptcy on Tuesday, have been seized in the US and South Africa. Shipping and trading circles in Tokyo said yesterday that three of the five were seized atAFP - 318 words
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412 1985-08-17 3 No confirmation that Kharg terminal destroyed AP A NORWEGIAN-RUN oil tanker was ablaze on Thursday at Iran's Kharg Island oil facility, Lloyd's of London reported, but there was no confirmation of Iraq's claim that its warplanes destroyed the terminal. The 141,000-tonne Malteseregistered Torril was hitAP - 412 words
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Article401 1985-08-17 3 AFP FOREIGN MINISTERS of Vietnam, Laos and the Hanoi-back-ed regime in Phnom Penh have opened a conference aimed at developing strategies to deal with their non-communist neighbours in South-east Asia. Sources close to the two-day conference, which started on Thursday in the country where Vietnamese troopsAFP - 401 words
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218 1985-08-17 3 Reuter US SENATE majority leader Robert Dole yesterday said he would warn Asian leaders that Congress was ready to adopt trade restrictions unless they opened their markets to more American goods. Mr Dole and six other senators left yesterday on a two-week trip toReuter - 218 words
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231 1985-08-17 3 AFP PRESIDENT Junius Jayewardene has given the green light for state-owned enterprises to trade with Israel after an eight-year suspension. The Trade Ministry has been told by the Foreign Ministry that state ventures can now undertake trading after a presidential order,AFP - 231 words
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207 1985-08-17 3 UPI PRESIDENT Li Xiannian acknowledged that there are "isolated cases" of infanticide in China, but said the government is working hard to eradicate the practice. Mr Li told visiting United Nations Children's Fund (Unicef) executive director James Grant that the killing of infant daughtersUPI - 207 words
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Article789 1985-08-17 3 ARRIVALS Operator Scrvicc number Local time From MAS KAL MAS MAS MAS AC CAL RBA SIA CPA GIA SIA GIA THAI SIA MAS GIA SIA MAS SIA GIA THAI SIA GIA SIA THAI SIA SIA KLM CPA MAS GIA MAS MAS SIA UTA Al SIA GIA SIA789 words
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562 1985-08-17 4 No expected rebound, output up o.2pc NYT THE MEAGRE 0.2 per cent rise in US industrial production last month comes at a time when the economy displays little evidence of the second-half rebound predicted by the Reagan Administration and most private analysts. Mr Jerry JNYT - 562 words
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229 1985-08-17 4 AP A STUDY of causes of death among almost 40,000 workers in Britain's nuclear industry shows no significant shortening of normal life spans due to radiationlinked cancer. The results, published yesterday in the British medical journal, were welcomed by the UnitedAP - 229 words
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214 1985-08-17 4 Reuter AMERICAN envoy Richard Murphy has met stiff opposition from Israeli leaders to a proposed meeting between the US and a Jordanian-Palestinian delegation. Mr Murphy, an assistant secretary of state, had talks on Thursday with Israeli Prime Minister Shimon Peres and Foreign MinisterReuter - 214 words
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Article, Illustration360 1985-08-17 4 Reuter THE US is urging the South African government to meet its opponents following President P W Botha's tough statement on racial unrest. Critics of South Africa's apartheid race discrimination, policies warned that Botha's speech could lead to even greater violence. US legislatorsReuter - 360 words
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Article222 1985-08-17 4 UPI IF MAYOR Coleman Young has his way, a city-owned statue of an American Indian toting a canoe will be stripped of the loincloth that was added in an outburst of moral outrage 24 years ago. "I think he should be displayed in his pristineUPI - 222 words
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291 1985-08-17 4 AP A MONTANA Senator has said that the US government's meddling in the affairs of foreign governments has blocked or delayed hundreds of millions of dollars in American agricultural sales in the past two years. Senator John Melcher, an opposition Democrat, said yesterdayAP - 291 words
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Page 3 Advertisements
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Advertisement7 1985-08-17 3 M_-. EanAm s747SP Easiest Daily to New\brk.7 words
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Page 3 Miscellaneous
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Miscellaneous81 1985-08-17 3 Doonesbury BY GARRY TRUDEAU umimfTiou TO CONSIDER, STAN, ARE all the advantages ofconJ DUCTING YOUR. MDMA RESEARCH 1 RIGHT HERB ON OUR. LOVELY BABY DOC CAMPUS! m -rrMSTkJ 7 TO TMI tu i a Js AMONG OTHER THINGS, YOU COULP SYNTHESIZE w YOUR COMPOUNDS IN TOTAL SAFETY, FAR FROM THE81 words
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RAW MATERIALS
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Article146 1985-08-17 4 Chinese Produce Exchange lS«lt*n' noon doting pnc*t an Au* 16 (SS/100 i.q) Coconut oil Bulb FOB 95 00 Old drum FOB 100 00 »uni FOB 112 00 Copro Mt«»d (loose) 50 buyers Pepper Mont oh Whre F08 NLW 890 00 Sarawak. FOB foq 880 00 705 00 Sarawak146 words
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Article294 1985-08-17 4 Singapore iSS/VJo. •>-oode«n) Frogront new crop 1st 080 2nd 058 3«d 056 New Crop 25% no stock 10% no Mock Thai Broken A Vuprr 054 bp«<ial 0 52 Thai Rice 55% no Mocl China Rice 10% rwj stock 15% 075 25% mo Mock 35% no stock Thoi Boiled Rice294 words
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Article87 1985-08-17 4 LOWER offerings of 81 tonnes yesterday, against 115 on Thursday, helped the Kuala Lumpur Tin Market to recover seven cents to M 531.87 per kilo, dealers said. Continued scattered buying from Japanese and local interests and the Inro buffer stock manager was noted. KLTM's discount to the LME87 words
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Article165 1985-08-17 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,500 Blue Phoenix 20's 2,550 Blue Phoenix 32's 3,000 Blue Phoenix 40's 3,350 Carded yarn, hank Blue Phoenix 21'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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Article165 1985-08-17 4 SINGAPORE THE MARKET yesterday closed quietly firmer with September One RSS buyers quoted at 166.50 cents per kilo, up 1.75 cents from Thursday. MALAYSIA Fresh nearbys buying saw prices close steadier, with current September Int One RSS buyers closing at 185.50 cents a kilo, up a cent from Thursday.165 words
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Article379 1985-08-17 4 RAS prices i S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Setters Int 1 RSS Prompt 166 75 167 75N 167 50 168 SON Int 1 RSS Sept 85 165 75 166 25 166 50 167 00 Int 1 RSS Oct 85 163 00 163379 words
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Article132 1985-08-17 4 INDIA'S reluctance to accept offers at its weekly vegetable oil import tender yesterday prompted late selling and caused Malaysian crude palm oil prices to ease in moderate trading. The market had earlier held around overnight levels, supported by a further rise in Chicago soyoil futures. The refined palm132 words
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Article145 1985-08-17 4 WHEAT FUTURES on Thursday closed 4 3 to two US cents a bushel higher with trade picking up as prices rose toward the finish. December ended at the top of a four cent range. Wheat prices rallied on rumours of Soviet purchases of US hard wheat and various other145 words
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Article139 1985-08-17 4 SOYBEAN FUTURES on Thursday closed higher to six US cents a bushel higher in moderately active trade. November ended near the top of a 5* 2 cent range. Traders said the rally may have been accompanied by speculative selling, leaving the market vulnerable to a further short-cov-ering rally. A139 words
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Article108 1985-08-17 4 (cents/kg. 1-ton pallets) OCT 85 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 140 50 142 50N 141 50 143 50N SSR 50 138 50 140 50N 139 50 141 50N MRELB Buyers Sellers Buyers Sellers SMR CV 185 00 187 00N108 words
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Article882 1985-08-17 4 COFFEE ROBUSTA FUTURES on Thursday rose to the day's highs, prompted by a firmer trend in New York and current constructive Brazilian fundamentals. November traded last at £1,722, up seven from Wednesday night, and compared with a high/low of £1,735/1,706. Physicals were subdued, due to the Assumption Day882 words
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BANKING AND FINANCE
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Article420 1985-08-17 5 Reuter WEST GERMANY'S major commercial banks are set to cut the cost of credit to consumers following a warning from the central bank that they must play their part in the economic recovery. For the first time since March 1983, the central bank, orReuter - 420 words
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Article155 1985-08-17 5 THE JAPANESE GOVERNMENT has given the go-ahead to Westpac Banking Corporation, Australia's biggest bank, to open a branch in Tokyo. Mr Stuart Fowler, the bank's chief general manager (corporate and international department), said the Tokyo branch, to start business on Sep 18, would do foreign exchange155 words
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Article, Illustration247 1985-08-17 5 Reuter BANK OF AMERICA, the main banking subsidiary of Bank America Corp, lags only slightly behind a primary capital ratio of 6 per cent that federal banking regulators have required it to achieve by the end of 1906. Bank America, in aReuter - 247 words
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883 1985-08-17 5 NYT THE FEDERAL RESERVE has announced a US$5.3 billion increase in America's basic money supply, roughly twice as large as expected. Wednesday's news stunned the credit markets. Although interest rates rose only modestly after the Fed's announcement, economists and traders expressed bewildermentNYT - 883 words
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233 1985-08-17 5 Reuter THE BANK OF ENGLAND signalled its intention to resist pressure for lower interest rates for at least the next week or so by its actions in the money markets on Thursday. Money market sources said the bank's moves came after hopes of aReuter - 233 words
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Article387 1985-08-17 5 FIRST BANK SYSTEM, the Minneapolis-based bank holding company, has put up for sale more than a third of the banks in its banking network which sprawls across five states in the upper mid-west. The decision by the 14th biggest US banking group to pull387 words
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Article, Illustration503 1985-08-17 5 Reuter AUSTRALIA'S Budget for 1985/86 ending June 30 is likely to hold few surprises but will be the sternest test yet of the Labour government's ability to maintain business confidence in its economic policies, according to private sector economists polled by Renter. Treasurer Paul Keating,Reuter - 503 words
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MONEY AND EXCHANGES
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Article, Illustration594 1985-08-17 5 SINGAPORE THE US dollar yesterday closed slightly lower against most major currencies on speculative selling with some European short-covering in thin late trading limiting its fall. It closed marginally lower at 2.7550/60 marks compared with New York's 2.7580/7610 close. It closed a shade lower at 2.2600/15 Swiss francs594 words
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Article49 1985-08-17 5 RESULTS of tender held yesterday for: 91-day Treasury bills to be issued from Aug 19 to Aug 23. Offered: $65,000,000. Applied fer: $88,250,000. Allotted: $65,000,000. Aeeepted bids: $99.31 approximately 11 per cent; higher bids in full. Average rate of discount on allotment: 2.710 per cent per annum.49 words
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Article316 1985-08-17 5 Asian market ASIAN DOLLAR yesterday deposit rates closed steady at opening levels in quiet afternoon trading. Weekend firmed V'« point at the outset to 8H BV* and thereafter remained unchanged. Week fixed held steady at BMs eight. Period rates were little changed from earlier levels of 8-1/16 7-15/16 for one316 words
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Article369 1985-08-17 5 BA Futures Inc BEARISH sentiments due to the unexpected large increase in money supply yesterday resulted in E«r*deilar futures gapping sharply lower in Simex and triggering off sell-stops in the process. The September contract eased to 91.74 after opening 18 ticks lower at 91.77. Further losses were limited byBA Futures Inc - 369 words
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Article127 1985-08-17 5 THE OVERNIGHT rate on the Singapore interbank money market rose by point from Thursday to close at 4% per cent yesterday. The one-month term rate fell 1/16 point while the two- and three- month rates remained unchanged. S$ Interbank rates at 3pm yesterday: Offer ••d Over night 4127 words
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Article212 1985-08-17 5 HONGKONG: GOLD yesterday closed higher but was below the day's low because of late profit-taking by South African interests. The bullion price settled at U*****.80/335.30 an ounce after it touched a day's high of $336.75/337.50. On the local market, gold finished HK$57 above Thursday's closing at $3,106 a tael.212 words
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Article238 1985-08-17 5 Interbank rates at 3pm yesterday: Md Odor c row parity change Local dollars to on* unit of foreign currency: US dollar 2 2015 ***** 2 8196 -21.92 Sterling pound 3 0953 ***** 7 3469 -57.87 Austrohan dollar 1 5421 1 5450 3 4286 -55.02 NZ dollar 1 1954238 words
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TIME OFF
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Article525 1985-08-17 6 HERE'S A FUN JOB for lay-abouts and a gimmick Singapore housing developers may want to consider to attract buyers. Miller Homes, a British housing construction company, advertised for a man and a woman to live in one of its show houses at a salary of US$l4O525 words
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Article, Illustration750 1985-08-17 6 TERESA LIM - An exhibition of prints and paintings to celebrate National Day By TERESA LIM The merchants who form by far the largest section of the country seem to look upon money-making as the chief end and object of their lives and their topics of conversation rarely extend to750 words
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Article267 1985-08-17 6 MAJOR INVESTMENTS announced by Fraser and Neave and Malayan Breweries this week indicate clearly where the bright spots lie in Singapore's depressed economy. Entrepreneurs, said to be lacking these days, seem to share the same feelings about which trades offer the most liquidity. In their own267 words
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Article, Illustration1481 1985-08-17 6 What's on from August 17-23 CONCERT: 880 and U Jian. Victoria Concert HoM. 8.15pm. Tickets^,s7,slo,sls. Shanghaiborn pianist, Li Jion, began his music studies under his mother, a famous Chinese violinist. Later, he went on to the Shanghai Conservatory of Music. His programme tonight includes the Concerto for Piano and1,481 words
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Page 6 Miscellaneous
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Miscellaneous791 1985-08-17 6 CRYPTIC PUZZLE ACROSS 9 The giri interned hod been foolish with money (8) 10 Twain is quoted, also (3) 11 Are upset by your being unrefined (6) 12 Mum will pose holding the boy (6) 13 Fight and storm to get a guarantee (7) 14 After you put up the791 words
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SPORT
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Article, Illustration550 1985-08-17 7 BRIAN MILLER - By BRIAN MILLER APPRENTICE Ismadi Ismail, a reluctant spectator at last weekend's races, will be out to make up (or lost time. And with three mounts at Kuala Lumpur today, the young rider could snap up the goodies as early as in the second race550 words
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Article, Illustration672 1985-08-17 7 UPI A PERFORMER who displays nonchalance and ease appears all the greater, because there is always the impression that if he were really to put himself out he could be still better. That is certainly true of a great dancer, such as a Nureyev who appearsUPI - 672 words
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473 1985-08-17 7 AP STEVE CRAM, Britain's triple world record holder in middledistance running, heads a strong field of world and Olympic champions at the European Cup track and field finals that start in Moscow today. But several top stars and world record holders are missingAP - 473 words
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236 1985-08-17 7 ANNA TEO - By ANNA TEO IT'S ON! The fourth Singapore Triathlon '85, which hopes to draw some super-fit Ironmen on their way to the more gruelling Hawaiian one, will take place as planned on Oct 13 with a new "Veterans" section for the236 words
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Article163 1985-08-17 7 AP TOP-SEEDED John McEnroe continued his defence of the U*****,000 Player's International Tennis Tournament Championship yesterday by advancing to the quarterfinals with an easy 6-0, 6-1 triumph over unseeded Nelson Aerts. McEnroe kept Aerts on the defensive with an overpowering serve in the first set, andAP - 163 words
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327 1985-08-17 7 SINGAPORE'S US-based Olympian Oon Jin Gee returned a personal best time of 53.75 seconds in the 100-metre freestyle as be and Tay Khoon Hean finished fifth in their respective heats yesterday morning in the Pan Pacific swimming championships at Tokyo. Jin327 words
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Article, Illustration277 1985-08-17 7 Reuter SPANIARD Manuel Pinero's fight to regain his Ryder Cup place suffered a setback on Thursday when he was disqualified from the York International Golf tournament at Fulford. Pinero, eighth in the Cup rankings the top nine receive automatic selection for Europe's 12-man team tomorrowReuter - 277 words
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443 1985-08-17 7 UPI ENGLISH LEAGUE SOCCER, reeling from a succession of self-inflicted wounds, kicks off the new season today facing the biggest crisis in its 97-year history. Outlawed from European competition and faced with crippling costs to meet new ground safety regulations, theUPI - 443 words
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Page 7 Miscellaneous
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Miscellaneous1107 1985-08-17 7 wsmmm SATURDAY NIGHT MOVIE This Girl For Hira 11.00 pm, ChaniMl 5 A pretty private eye is hired to protect a crippled mystery writer. Despite her protection, he is murdered. After his death, she goes in search of the killer. Stars Bess Armstrong (left) and Jose Ferrer. SATURDAY MATINEE When1,107 words
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INTERNATIONAL STOCKS
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334 1985-08-17 8 Reuter FAIRCHILD Industries Inc said its large second quarter loss was caused mainly by the company's establishment of additional reserves on its Saab Fairchild 340 and air force T-46-A trainer aircraft programmes. It received waivers on compliance with covenants in certain bank agreements untilReuter - 334 words
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130 1985-08-17 8 Reuter SAUDI ARABIA'S Ali ft Fahd Shobokshi Group has proposed a rescheduling of almost all of its bank debt over a period of seven years at a meeting in London, Morgan Stanley International Ltd said. The proposal was submitted to a steering committee ofReuter - 130 words
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345 1985-08-17 8 Reuter WALL STREET stocks closed higher in light trading on Thursday. The Dow Jones Industrial Average was up 0.78 to 1,317.76. The New York Stock Exchange Index slipped 0.03 to 108.59. The average price per share was off two US cents. Advances ledReuter - 345 words
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Article142 1985-08-17 8 AUG 15 C$ Imp Ol 51* 19* undi Abrtto 36* Int Pro* PSpa 42* 21 -Vt bit Ut» 17* -It 15* unch Bank Mont Bark Nova Scotia B«4 Canada 29* 13* 42* Loblow B Maury F«rg Mc BkxM 20* 3* 21 BP Can Ltd 33* 30* 1* Mofcon A142 words
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Article197 1985-08-17 8 AUG 15 loo4 UhiMC 500 unch Woofwortti ***** unch IHOOSTIIALS MININGS A Alpha 830 -10 2950 +80 A£ And O 1270 445 BuHab 6950 100 2700 25 Charter 530 1085 35 Cora GoM 1310 20 C G Smrtti 2275 inch Cora Murch 9756 ixich rwA 230 -10 1140 30197 words
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Article654 1985-08-17 8 AUG IS AJcon Alumn AJcoa Alegheny Lud AM Chem Cp AM Stores Aks-Chalmer* Am Brandt Inc Am Broodcnl Am Can Co Am Cyanamid Am Elec Pw* Am Express Am Horn* Mod Am Motor* Cp Am Natiral Gas Am Tel t Tel Amax Inc Amerodo HMs AMF he Amr654 words
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Article500 1985-08-17 8 Amsterdam AUG 15 Fk ASN 517 00 -5 A*gon 9680 -07 Ahold 240.50 -1.7 Aluo *****-0.9 AMEV ***** +8 Amfa* ***** 94 Amro Bank 8750 unch B*rV* 4540 -05 Bok 98 00 +07 Bor*umii 405 00 unch Boifcafe Bur T«t ***** +0 1 Catand 3860 -01 CaK« 442.00500 words
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Article305 1985-08-17 8 Reuter GENERAL MOTORS Corp, beset by lower car sales, is resorting to cut-rate financing to regain the market share lost to domestic and Japanese competitors. The world's largest car company on Thursday said it would offer 7.7 per cent financing to buyers of most of its 1965-modelReuter - 305 words
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Page 8 Advertisements
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Advertisement113 1985-08-17 8 Wtoe to wiae, iiae aai eniertala km a for lunch this Sunday Because a full buffet spread of 23 delicious local specialities awaits you! From salads and cold appetizers to main dishes like Diced Prawns With Dried Chilli, Beef Rendang, Chow Mein With Seafood, Pork Spare Ribs In Black Sauce.113 words
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Advertisement180 1985-08-17 8 at Rolm's mm m cV* i i s^ii They are the Baybelles from the heart of Manila. They'll take you through a lively trip of hot disco music and popular favourites. They'll keep you in tune with the times and give you an evening you won't forget. Watch them in180 words
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Advertisement77 1985-08-17 8 u a > i V Specialized In: HOMO KONG DIAN XIN CANTONESE CUISINE Business Hours: 11.00 am 2.30pm (Sundays Public Holidays: B.ooam 230pm) Dinner: 7.00pm 10.30pm a PRESIDENT MERLIN HOTEL 181, Kitchener Road, Singapore 0620. Td: *****22. 1 n <x to* <4 vJct^V l s <>* *C<e> C|l*r lOK RESERVATIONS.77 words
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Advertisement121 1985-08-17 8 *£o m m V b oe Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16++ each and $20 -H- each (min. 2 persons). Over 50 a la carte specialities are also available FURAMA SINGAPORE HOTEL 10121 words
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Advertisement112 1985-08-17 8 London stock* on Bock Pogo. /fc r1 Y 1, LOHHgE 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, 50% off all drinks112 words
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ASIAN STOCKS
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Article307 1985-08-17 9 HONGKONG: Share prices closed higher in active trading yesterday as haniring stocks recovered from heavy selling pressure on Thursday. Local investors were on the sidelines as the Hang Seng Index again breached the 1,700 harrier to close 15.82 points higher at 1,700.37. Brokers said they were hesitant about buying307 words
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Article199 1985-08-17 9 AUG 1* WT 2.74 +0.04 Lian Hwa lndu» Nan Ya Pta* 930 21.60 13.85 666 -MAm Camant Cathay Com Chang Hwo Bank 20.00 22.40 44.40 14.25 -0.1 -0.2 -0.4 -0 15 Poahc Elacl Wira Pooiung Papar 12.00 0.85 •0.2 +001 Quo Hun Camant China Cham China Da* China Dad199 words
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Article362 1985-08-17 9 TOKYO: Share prices closed sharply higher yesterday as investors felt the advance of the past two days showed the market had bottomed out after recent heavy losses. The market average rose 99.06 to 12,583.08, the third successive rise. It gained 64.38 on Thursday. Turnover totalled 440 million shares againit362 words
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Article85 1985-08-17 9 MANILA: Share prices closed generally lower in dull trading yesterday. The Commercial A Industrial Index eased 0.37 to 136.93 and the Mining Index fell 4.60 to 639.50, while the Oils Indflt rose 0.014 to 0.740. AUG 1* Acoj* Mining fmm 0.001 unch 13.50 -T S3? •_=£■*> >odco 0.001 indt85 words
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Article365 1985-08-17 9 SYDNEY: Share markets closed barely steady yesterday as buying interest declined in all sectors except gold. The All Ordinaries Index, after edging up 1.6 points in morning trading, closed the day 0.9 points easier at 956. The All Industrials lost 1.2 points to 1388.5 while the All Resources shed365 words
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Article62 1985-08-17 9 AUG 16 Won 676 1 Hyundai Const Hyundoi Motor KAL 898 Mft 428 uncti 13 -7 646 11 730 -1 733 1386 -4 Do«fim Ind 440 ■5 Kof»oSh*> 374 -4 453 -2 627 643 t 700 479 -1 810 13 592 1184 -17 747 -3 Saangyong Cam... 614 -462 words
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Article145 1985-08-17 9 BANGKOK: Share prices closed mixed in moderate trading yesterday. The Book Club Index dropped 0.80 point to 138.10 as advances led declines by a two-to-one margin. Turnover climbed to 351,366 shares worth 63.6 million bftht. AUG M 1 Aofcham Thai MM 1 1 Sam OHtan Stam Oy 83 510145 words
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Article67 1985-08-17 9 Reuter DEVELOPERS of the US$2OO million China World Trade Centre project in Beijing have granted the first construction contract to' Hongkong contractor Shui On (China) Ltd for more than $2 million. Shui On, wholly owned by Shui On Investment Co Ltd, said in a statementReuter - 67 words
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397 1985-08-17 9 FT AN INDIAN businessman living in London has beaten ICI and major industrialists for government permission to build and operate a £410 million gas-based urea fertiliser plant in northern India. This will be the biggest single investment in India by an Indian businessman livingFT - 397 words
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Article51 1985-08-17 9 THE NEXT Hongkong land auction will be held on Sep 24. The previous sale was in May. The Hongkong government halted land sales temporarily at the beginning of July when Chinese and British officials began discussions on the sale of government land and related51 words
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Article86 1985-08-17 9 Reuter THE AUSTRALIAN Federation of Consumer Organisations (Afco) will seek to block two mergers involving four of Australia's largest retail groups. Afco said it would act first against the planned merger of G J Coles A Co Ltd and Myer Emporium Ltd, announced Aug 6,Reuter - 86 words
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272 1985-08-17 9 Reuter LEIGHTON Holdings Ltd said the depressed state of the Australian civil engineering market and lower tender margins in the past 2Vfe years contributed to a 35 per cent decline in net profit for the year to June 30. The company, 40 perReuter - 272 words
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Page 9 Advertisements
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Advertisement521 1985-08-17 9 ,)':<[${".{.&|[@
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Article, Illustration4258 1985-08-17 10 FOR THE THIRD consecutive day this week, share prices on the Singapore stock market ended higher on improved volume yesterday. Strong participation from Malaysian investors was evident in anticipation of a resolution to the MCA crisis. Malaysian stocks, especially the speculatives and second4,258 words
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Article231 1985-08-17 10 SINGAPORE Rites M A A 3200 DaH Dav 520 Kmh Joe 50« 262 Loral T« 190 Dw W >53 SM Vwm 318 Kaartwdiy San G 1 MU->« 229 STT 8 Aom 117 Falls Gwilwn Kopii 267 HK Ti» Cm* 50« 190 sr M M0 M Bmw* 540231 words
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Article4142 1985-08-17 10 BID and offer prices officially luted and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 14X10 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".4,142 words
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COMPANY NEWS
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Article, Illustration320 1985-08-17 11 HOCK LOCK BIEW - <T .^1 By HOCK LOCK BIEW IN EARLY MARCH, when the share price of Malayan United Manufacturing was still scaling new heights, I told readers it was starting to look a bit "top heavy". Although I was a bit early in sounding the alarm, my analysis of the320 words
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379 1985-08-17 11 INVESTORS once again went on a buying spree at the Kuala Lumpur stock market yesterday on fresh hopes of a quick solution to the 18-month-long MCA crisis. Share prices closed sharply higher as confidence returned to the market. Interest remained selective379 words
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Article3468 1985-08-17 11 BID and offer 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. MDUS TRIALS A Choc (1 90S) (2) 1 90 AISB3,468 words
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Article119 1985-08-17 11 HONGKONG Thursday 1389 8 Week. ogo 1371 2 Hang S«ng Index Fr»doy 1700 37 NEW YORK Thursday 1664 55 Week. oga 1676 51 Dow Jones Thursdoy 1317 76 TOKYO Wednesday 1316 98 Week ago 1329 86 Tokyo Dow Jones Friday ***** 08 Standard Poors TH*sdoy ***** 02 We«k119 words
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Article278 1985-08-17 11 Monomer*' prices tor Aug 17 19 Singapore Unit Trust The Conwwct 1 65 1 75 The Ftfid 1 37 1 40 Vpo*e Profl fund 0 73 0 77 S'pore Stt fund 1 03 1 09 S'poi* ir»»e»t furtO 0 78 0 S3 Vpoit (quHy Fi*xl 0 74 0278 words
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289 1985-08-17 11 HOTEL ROYAL Ltd, the owner of the 331-room tourist class hotel in Newton Road, has turned in a small profit in the first six months this year. But its consolidated pre-tax profit of $33,000 represents a sharp 96 per cent decline from the289 words
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553 1985-08-17 11 Police makes headway in 10 million forged certificates case POLICE INVESTIGATIONS into the 10 million forged share certificates of five publicly listed companies have revealed that a UK-based securities firm deposited the scrip with two banks in Singapore. According to the head of553 words
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443 1985-08-17 11 NAJEEB JARHOM - By NAJEEB JARHOM THE SIM LIM Investments group has raised its stake in Kian Seng Realty Ltd, the developer of Shenton House, to 44.5 per cent and is making an unconditional cash offer at $1.75 a share for the rest of443 words
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118 1985-08-17 11 AFP A HONGKONG SPOKESMAN for the Singapore-based financier Mr Khoo Teck Puat said yesterday that the hotel and property tycoon preferred to invest in the twin markets of Singapore and Malaysia rather than in Hongkong a statement that could have serious repercussions forAFP - 118 words
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Page 11 Advertisements
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Advertisement373 1985-08-17 11 ANNOUNCEMENT Singapore International Merchant Bankers Limited ("SIMBL") is pleased to announce, on behalf of Sim Lim Company (Pte) Limited ("SLCO"). that SLCO has on August 16,1985 acquired 300.000 shares of $1.00 each in the capital of Kian Seng Realty Limited ("KSR") registered in the name of Lim Yiong Lin, representing373 words
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389 1985-08-17 12 JEFFREY TSANG - By JEFFREY TSANG TELECOMS has embarked on a five-year $75 million programme to improve postal services. Soon there will be more post offices opened for longer hours and with computerised services. The Minister for Communications and Information, Dr Yeo Ning Hong, also said the389 words
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Article, Illustration631 1985-08-17 12 THE DAYS of "book" engineering graduates with no work experience will be numbered if the Task Force on Practical Training has its way. The committee has earmarked 12,000 industrial attachments next year through a programme designed to benefit companies and students. The Task Force, comprising 11631 words
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407 1985-08-17 12 LEADERS of the Workers' Party, J B Jeyaretnam and Wong Hong Toy, yesterday failed in their bid to reverse the Chief Justice's ruling that their four criminal cases did not merit a review by a three-judge court. In dismissing their appeals, the Court407 words
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246 1985-08-17 12 A VETERAN unionist yesterday questioned the wisdom of forming unions in banks where only very few potential members can be recruited. Mr Lo Kwok Kwong, the outgoing general secretary of the Singapore Bank Officers' Association (SBOA), said the three years to 1985 saw the246 words
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Article, Illustration257 1985-08-17 12 THE HOUSING and Development Board has promoted its former estate manager to the newly-created post of deputy chief executive officer, a move that reflects the HDB's recognition of the need for estate management. Announcing this in its inhouse magazine House word, HDB257 words
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95 1985-08-17 12 FIRST FARMERS Market Pte Ltd was wound up by the High Court yesterday. The winding-up followed a petition initiated by Cold Storage Singapore (1983) Pte Ltd to which First Farmers owed $22,094 since November last year. Twenty-nine other companies to which First Farmers95 words
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410 1985-08-17 12 THE SHAKE—UP of the agency system within the life assurance industry last year was one of the main factors behind the worsening forfeiture rate, several life assurers told BT. They were at a seminar on business insurance organised by the Life Underwriters Association of Singapore410 words
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Article64 1985-08-17 12 AMBASSADOR Vernon Walters, the US Permanent Representative to the United Nations, will be visiting Singapore from Aug 19 to 21. He will call on Prime Minister Lee Kuan Yew and Foreign Minister S Dhanabalan. On Monday, Mr Walters will speak to the UN Association at the RELC,64 words
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224 1985-08-17 12 A SEVERE half-hour blaze at Shell's Pulau Bukom refinery has temporarily knocked out a naphtha hydrotreating unit, but a company spokesman said the incident "will not affect our business". A gas leak was detected in the unit at 12.45pm. The224 words
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Article119 1985-08-17 12 Reuter COMEX GOLD FUTURES were firm yesterday morning on buying linked to fresh worries over developments in the Iran-Iraq war and tensions in South Africa. Gold for December delivery made its strongest showing of the week at U*****.20, gaining $3.80 on reports that Middle Eastern investorsReuter - 119 words
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Article77 1985-08-17 12 Reuter THE NEW YORK stock market slumped in early trading yesterday as investors reacted to a sharp money supply increase and a drop in US housing starts in July. The Dow Jones Industrial Average was off by more than three points to 1314 Vi, but above theReuter - 77 words
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Article967 1985-08-17 12 EQUITIES yesterday closed mixed but with an easier bias after the quietest session this week. The market showed little to the UK July retail sales or public sector borrowing requirement figures. At 1430 GMT the FTSE 100 was down 3.2 at 1,299.0. South African gold and industrial shares967 words
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LATE FILE
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Article37 1985-08-17 12 AP THE TAIWANESE government approved foreign investment applications totalling U*****,353 million in the first seven months of this year, down 1.8 per cent from the same period last year, the Investment Commission said yesterday.AP - 37 words
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48 1985-08-17 12 AFP SWITZERLAND, citing budgetary restrictions, has decided to close its embassy in Hanoi and withdraw its two diplomats there by the end of this year. A Swiss embassy official yesterday said the Bangkok embassy would thereafter handle Swiss interests in Laos and Vietnam.AFP - 48 words
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Article57 1985-08-17 12 Reuter TAIWAN'S deputy finance minister said yesterday that he intended to follow the example* of his minister and resign over the country's biggest bank scandal. Mr Li Hung-Ao was asked to take over the running of the ministry when Finance Minister Loh Jen-Kong quit on ThursdayReuter - 57 words
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Article56 1985-08-17 12 Beraama PENINSULAR Malaysia's industrial output index rose in March over the previous month, with the manufacturing sector recording a sharp 17.8 per cent rise. Latest industrial figures from the Statistics Department showed the industrial output index gaining 10.8 per cent to 135.2 in MarchBeraama - 56 words
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Article40 1985-08-17 12 Reuter CUSTOMS officials at Chittagong Port on Thursday recovered smuggled goods worth about U*****,000 from a Thai ship. The M V Chainavee, carrying electronic goods and electrical accessories, had been detained at the naval base. ReuterReuter - 40 words
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48 1985-08-17 12 AFP AIRLINES lose about US$5OO million each year the equivalent of half of the industry's annual profits due to fraud. A spokesman for the International Air Transport Association said yesterday that about 400,000 flight tickets were declared "lost" or "stolen" each year. AFPAFP - 48 words
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Article44 1985-08-17 12 Reuter MORE THAN a million veterans of China's pre-1949 communist revolutionary movement have retired. The China Daily yesterday said that the reforms involved promoting officials who were younger, better educated, more politically motivated and had more specialised skills. ReuterReuter - 44 words
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54 1985-08-17 12 Reuter US HOUSING starts feU 2.4 per cent in July to a seasonally adjusted annual rate of 1,654,000 units. In June, housing starts rose a revised 0.8 per cent to 1,694,000 units. July housing starts were down 4.4 per cent from the year-earlierReuter - 54 words
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Page 12 Advertisements
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Advertisement100 1985-08-17 12 Keep a date with Sevvy Ballesteros &K0 the Sevvy Way BT is not all hard core business and financial news. We take "Time-Off' and "Sports" rather seriously too. Our writers comb the sporting arena to furnish two lively pages with the latest sports, leisure and arts news for the well-informed100 words
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Page 12 Miscellaneous
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Miscellaneous59 1985-08-17 12 Outlook for today: Cloudy with showers in several areas in the late morning and early afternoon. Report for 24 hours prior to 7 30pm on Aug 16 at the airport: Maximum temperature 32.2 Associated humidity 70 Minimum temperature 24.8 Associated humidity 92 Hours of sunshine 8.45 Roinfall in millimetres nil59 words
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