The Business Times, 24 August 1985

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, AUGUST U, IS6S 60 CENTS
    12 words
  • 316 1 INVESTMENTS in big projects will take Japanese investment in Singapore to a new record this year, according to Economic Development Board director Yeo Seng Teck. So far this year, $90 million has been committed and there is more to come, including
    316 words
  • 241 1 THE SHARP CRITICISM over pay rises administered by National Trades Union Congress secretary-general Ong Teng Cheong to the United Commercial Bank and the Indian Bank has produced rapid results. Both parties have agreed that it was in the nation's interest to forgo the
    241 words
  • 33 1 THE United Overseas Bank group will cut its prime lending rate by one-quarter percentage point to 7.25 per cent with effect from Aug 27. The group's deposits rates are unchanged.
    33 words
  • 564 1  -  Expansion reflects confidence in the economy By LOH HUI YIN THE MAJOR EXPANSION in Singapore by Asahi Glass of Japan, the world's largest colour TV glass producer, willenean a $200-million investment by the company. The new plant will have a major impact on Singapore's TV manufacturing
    564 words
  • Article, Illustration
    80 1 HEAVY PEAUNGB in a few eNitm MitribaM to the streag rise in vehune ea toe Btogapere stack market yesterday* Bat neat share prices ended toe day lewer. The BT Cempeelte ladex eaaed *.7» petots te MLfl while toe Straits Times Industrial Index toed LSI prints te 7C1.21. Taraaver
    80 words
  • 349 1  -  By JAIME LYE PROPERTY TYCOON Ng Teng Fong, who only last month announced that his Far East City Hotel would open in March, is now believed to have delayed its opening for at least two years. The primary reason
    349 words
  • 130 1 AP THE US State Attorney's office will not prosecute drivers for running down highway robbers who jump out in front of their cars as long as the thieves are armed and truly pose a threat. However, State Attorney Janet Reno, who is the
    AP  -  130 words
  • 506 1  -  By JUNE LIM JURONG SHIPYARD has arrested a tanker owned by Sanko Steamship for failure to pay its repair costs. The Japanese shipping giant recently made the biggest bankruptcy application ever in Japan's corporate history. The 76,923-dwt Caucasus Maru was seized on
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  • 100 1 AFP JAPAN'S Ministry of International Trade and Industry will spend 14 billion yen (USHO.II million) to finance an oil industry revitalisation centre, in an effort to halt the slump in the Japanese oil industry. Miti will also give 3.4 billion yen to the
    AFP  -  100 words
  • Page 1 Advertisements
    • 181 1 hiwiKiWonqi Cont—nce on OIL TRADING ACTIVITIES and 16 18 Sept Hyalt Regency S pore Supported by: S'pow Economic Development Board ypae Trade Development Board Organised by: INTORFAMA EXHIBITIONS PTE LTD Ptaewar»u«c»wC«»l»»lW)3/06 uissss?s2: < is^saߣsr ,S4 The World's 1 Golf Club Reason' 1: TOPS IN DISTANCE hiMjir tafrfcfcM Tests executed by
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    • 273 1 SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS SHIPS IN PORT TV A RADIO OUR VIEW OVERCROWDED JAILS and expansion plans for the Turf Club could be the outcome of a dampdown on illegal bookies. An equally likely outcome could be more sophisticated attempts to outsmart the police. Bookies are tough
      273 words
    • 0 1
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    • 96 1 S.E. Aeie 6th International Building. Construction Equipment ft Public Works Exhibition 27 February 2 March 1986 World Trada Centre S'porT DTTTRrAMA BXHBmONS PTE LTD Opportunities Realised At Banque Indosuez, we turn challenges into opportunities. We have expanded our expertise in Treasury, Foreign Exchange and Capital Markets and have designed new
      96 words

  • HOME NEWS
    • 437 2  -  HDB calling 17 contracts to replace iron pipes By JEFFREY TSANG CONTRACTORS, hard up for construction jobs, have a $37 million ray of hope the Housing and Development Board is calling 17 contracts over the next 15 months for the replacement of water pipes in flats.
      437 words
    • 154 2 DRAINS feud between HDB flats aad ear parks may ge u> der the ear park instead. The meve weald give rise te a 15 per cent laad savings aad bring dewn the eeet ef baildiag the ear park, said a geld award wlaaer
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    • 169 2 WITH EFFECT from Sep 1, three more notifiable industrial diseases will be added to a current list of 22 notifiable diseases. These are barotrauma (a condition associated with work in compressed air environment); occupational asthma (wheezing attacks and breathlessness on exposure to chemicals such as
      169 words
    • 735 2 AT CONVENTIONAL WHARVES KEPPEL WHARVES Bertn AmvM Departure J ens on IV K23 alongside 24.8/1200 Larch K17 alongside 24.8/0600 Nha Trarvg 02 K21 alongside 25.8/1500 Osa Vigoroso K28 alongside 24.8/0600 Rajah Brooke K24E alongside 24.8/2300 Silver Shinko K34 alongside 24.8/0300 Str Venture K25W alongside 24.8/1830 Betait K24W
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    • 466 2 TOTAL exports from Singapore to its four Asean neighbours Malaysia, Thailand, the Philippines and Brunei shrank 8 per cent in June this year compared with the figure for June last year. Figures on Singapore's trade with Indonesia are not available from the
      466 words
    • 348 2  -  ®y MONICA GWEE THE GOVERNMENT plans to set up an Information Technology Institute (ITT) within the National Computer Board in the next few months, says Briga-dier-General Lee Hsien Loong. The main aim of the proposed institute will be to take part in Joint
      348 words
    • 69 2 TELECOMS is putting on sale a new Postal Services Guide. The guide covers information ranging from rates and conditions applicable to the various types of mail and remittance services to details on postal services. Costing $12, the 326page guide win be available from Aug 27 at all post
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    • 352 2  -  By LISA LEE ALMOST three-quarters of graduates from the Institute of System Science found Jobs within a month in spite of the current economic downturn. Of the 45 graduates from the Institute of System Science's fourth batch who have completed the ISS
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    • 173 2 Seminars and courses DURATION TITLE VENUE ORGANISER TELEPHONE Aug 27 Information Resource Shangri-La Hotel Singapore *****66 Monagement-T rends, Institute of Opportunities and Management their Impact on Business *****22 Aug 27-28 Purchasing Skills for Mandarin Hotel Centre for the Newly Appointed Management Buyer Technology *****50 Aug 27-30 Hydrogen Cracking,
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    • 222 2 A SUCCESSFUL venture capital industry in Singapore will require the combination of a reputable accounting community, a healthy stock market and a supportive tax system. According to Dr Charles Lee, a partner in a venture capital company called Abacus Venture Pte Ltd, the most important element
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    • 183 2 PARLIAMENT will sit again on Friday, Sep 4. Mr Leong Horn Kee will ask the Acting Minister for Labour if the government will consider allowing CPF savings to be used for children's higher, specialised technical education or professional training. The question is for oral answer. Other questions
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    • 206 2 ONE OF THE most important (actors governing a person's health is the condition of the human intestine, the main organ for the absorption of food. Several eminent doctors will meet in Singapore on Aug 29 to swap notes on lactobacillus casei, the bacteria
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  • OVERSEAS
    • 384 3 AP PRESIDENT Ronald Reagan, making his first speech outside the White House since undergoing cancer surgery last month, said his administration had held firm against communism In Central America. "One of the reasons the American people have turned to us is that we do not
      AP  -  384 words
    • 230 3 Reuter CRUDE STEEL production in the US plunged by over 10 per cent in the first half of the year compared with the same period last year, according to the International Iron and Steel Institute. Figures released on Thursday by the institute
      Reuter  -  230 words
    • 420 3 PI US PRESIDENT Ronald Reagan is set to veto economic sanctions Congress may pass against South Africa and instead may order limited punitive measures to pressure the Pretoria government to reform. With the Senate expected to act next month on sanctions approved earlier
      PI  -  420 words
    • 224 3 Reuter THE HEAD of a seminar on nuclear war studies has proposed the establishment of a "world laboratory project" in which scientists could work together without secrecy to try to solve problems such as the threat of nuclear war, hunger and underdevelopment.
      Reuter  -  224 words
    • 146 3 AP LABORATORIES that claim to detect health problems through hair analysis often practise "potentially frightening health interpretations" such as that which diagnosed as hardening of the arteries in a healthy young woman. Dr Stephen Barrett, a psychiatrist, said in yesterday's Journal of the American Medical
      AP  -  146 words
    • 520 3 US groups threaten to withdraw support NYT BUSINESS BACKERS of President Reagan's tax revision plan are warning that their support will collapse if congressional tax writers bargain away the reductions in corporate and individual tax rates contained in the plan. While support from the
      NYT  -  520 words
    • 199 3 Reuter CHRYSLER CHAIRMAN Lee lacocca would defeat Vice-Presi-dent George Bush by 47 per cent to 41 per cent if they faced each other in a US presidential election held now, according to a poll released yesterday. But the poll of 600 registered voters conducted last month
      Reuter  -  199 words
    • 816 3 ARRIVALS Operator Service number Local time From PAA SV CAL StA MK CV MAS KAL MAS MAS MAS AC PA21 SV379 CI333 SQ41 MK746 CV796 MH68I KE624 MH603 MH67I MH811 AC858 0020 0115 0130 0535 0755 0815 0820 0840 0905 0935 0940 0940 LAX/TYO/ HKG SEL TPE
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    • 270 3 NYT AN INTERNATIONAL banking executive for Citibank, who is the leader of an opposition party in Liberia, went on trial on sedition charges on Thursday in Monrovia, the Liberian capital. According to United Nations and US State Department officials, the trial by
      NYT  -  270 words
    • 372 3 Reuter US AVIATION authorities ordered a thorough safety check last month of the type of engine which burst into flames on a British airliner taking off from Manchester airport on Thursday, a US official said. A total of 54
      Reuter  -  372 words
    • 275 3 AP THIS IS THE WORST year in the history of civil aviation, with 15 accidents and more than 1,400 people killed. Previously, 1974 ranked as the worst year for aviation safety, with 1,299 fatalities, said Eugene Sochor, a spokesman for the international Civil
      AP  -  275 words
    • 239 3 Reuter ECONOMIC growth in the US and Britain has fallen to a "snail's pace" and is significantly lower than in other major industrial countries. The Brussels-based European Conference Board said both countries languished at the bottom of a league table
      Reuter  -  239 words
    • 160 3 Reuter BRITAIN suffered its biggest trade deficit in a decade last year, running up shortfalls in every commodity but oil. The annual report on the balance of payments showed a visible trade deficit of £4.1 billion, the worst since 1974's £5.4 billion, and
      Reuter  -  160 words
    • 559 4 NYT THE INDIAN government has announced that would proceed with elections in Punjab next month in spite of warnings that the balloting might prompt further assassinations and violence in the state. Prime Minister Rajiv Gandhi was reported on Thursday night to have
      NYT  -  559 words
    • 81 4 AFP SHIN KANEMARU, the secre-tary-general of the ruling Liberal Democratic Party, has indicated that a Cabinet and party leadership reshuffle would be carried out late this year. Party sources quoted Mr Kanemaru as telling a meeting with ruling party members that the reshuffle was expected
      AFP  -  81 words
    • 399 4 Bernama A NEW DEVICE to recycle used industrial oil (or continual consumption has been introduced for the first time in Malaysia. The device, originating from the US, processes used oil into "better and drier" new oil without any change to the original physical properties of
      Bernama  -  399 words
    • 244 4 AP THE AMERICAN Senate majority leader, Robert Dole, has asked Japan's largest car maker, Toyota, to choose his home state as the site for a new plant. An aide to Mr Dole, Walt Riker, said on Thursday that the Kansas Republican
      AP  -  244 words
    • 64 4 AFP SUSUMU NIKAIDO, the vicepresident of Japan's ruling Lib-eral-Democratic Party, will visit the US next month to help ease trade friction between the two countries. He will be accompanied by some ruling party members. Washington has been urging Japan to reduce its huge trade surplus
      AFP  -  64 words
    • 70 4 DENG PUFANG, the head of the Chinese Fund for tho Handicapped and tho son of Chinese leader Dong Xiaoping, it accompanied by Fronch Extornal Roiationa Minister Roland Dumaa (loft), before a meeting in a Paris hotel on Thursday. Mr Deng, 41, confined to a wheelchair after
      70 words
    • 169 4 AFP THE HONGKONG government is worried over whether to let its officials play an advisory role in the drafting of Hongkong's post--1997 constitution, to come into effect when the colony reverts to Chinese rule, according to a local newspaper. The mini-constitution for the future of the British
      AFP  -  169 words
    • 43 4 AFP A TOTAL of 954 farmers in Liaoning province in Northern China have pocketed about US$lOO,OOO by selling to the Beijing government non-existent stocks of rice and grain, the independent Ming Pao Daily reported on Thursday in a dispatch datelined Beijing.
      AFP  -  43 words
  • Page 3 Advertisements

  • RAW MATERIALS
    • 181 4 SINGAPORE THE MARKET yesterday closed quietly lower with September One RSS buyers quoted at 164.25 cents per kilo, down 0.75 cents from Thursday. MALAYSIA Selling ahead of the long weekend saw the market weaken at the close to 183.00 cents per kilo for Sep Int One RSS buyers, down
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    • 372 4 RAS prices in M cents/kg, FOB in b ales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 165 25 166.25N ***** *****N lot I RSS Sept 85 164 75 165 25 164 25 164 50 Int 1 RSS Oct 85 164 00 164 50 163
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    • 2 4
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    • 128 4 Singapore (S$/kito, •*-godown) 1 Fragrant new crop 1st 080 2nd 0.58 3rd 0.56 New Crop 25% no stock 10% no stock Thai Broken A-super 0.54 Special 0.52 Thai Rice 55% no stock China Rice 10% no stock 15% 0.75 25% no stock 35% no stock Thai Boiled Rice 5%
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    • 107 4 THE KUALA LUMPUR price yesterday closed eight cents higher at M$99J9 per Idle on continned support by the ITC buffer stock manager (BSM), dealers said. The BSM absorbed much of the smaller offering of 84 tonnes, down from M on Thursday. Persistent light local demand was also noted.
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    • 177 4 Yam (In HK$ 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 2,350
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    • 126 4 THE MALAYSIAN crude palm oil prices yesterday closed at the day's lows on further liquidation and buyer reserve, pressured by weaker Chicago soyoil futures and India's rejection of offers at its vegetable oil tender. Refined palm oil prices also eased after India again passed on its tender. RBD
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    • 146 4 WHEAT FUTURES on Thursday rallied to close mixed on or near the highs on the Chicago Board of Trade, ranging from up two US cents per bushel in September to down one cent in new crop July. September settled at US$2.B5 3 after posting a 4V4 cent range on
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    • 148 4 SOYBEAN FUTURES on Thursday rallied to close on the highs, up four US cents per bushel in September to unchanged in thinly traded July. November settled at US$5.l4 V* after posting at seven cent range on the day. Many traders were puzzled why soybeans rallied in the face of
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    • 108 4 (cents/kg, 1-ton pallets) OCT 85 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 137 00 139 00N 138 00 140 OON SSR 50 135 00 137 OON 136 00 138 OON MRELB Buyer* Sellers Buyen Sellers SMR CV 181 50 183 SON
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    • 801 4 COFFEE ROBUSTA COFFEE FUTURES yesterday drifted lower to midday at down £2 to £4 a tonne from Thursday night's close in a very thin volume with opera tors squared off and withdrawn ahead of the long UK weekend. The morning session's very thin volume of 423 lots included
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  • Page 4 Miscellaneous
    • 25 4 Doonesbury < m M I W 10. 222 rs ft M va I? NOW, I KNOW OUR. SO ASSOaAIBPFOFSARS wtfs UNP6NWP.BUTI THINK jus IN*XKCAse,IGOUU? 0FF8& SPeAKTOTHeCOMROL-,
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  • MONEY AND EXCHANGES
    • 698 5 SINGAPORE THE US dollar yesterday closed slightly lower against most major currencies after fluctuating within a narrow range in quiet trading. Sentiment for the dollar remained bearish, reinforced by news of a larger than expected fall in US July durable goods orders. The dollar closed a shade lower
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    • Article, Illustration
      287 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at the opening levels in quiet afternoon trading. Short-dates firmed 1/16 point at the outset and remained unchanged in subsequent trading. Weekend and Monday/Tuesday closed at a common 7-13/16 7-11/16 per cent. Periods were steady to 1/16 point lower at the
      287 words
    • 239 5 HONGKONG: GOLD yesterday closed easier in active trading on a flurry of profit taking. Dealers said the weakness reflected the overnight strength of the US dollar, adding the situation in South Africa continued to overshadow the market. The metal ended at U*****.15 55 an ounce compared with New York's
      239 words
    • 247 5 Interbank rates at 3pm yesterday: Currtncm Nominal rate* Smithaoman Bid Offer croaa parity change Local dollors to one unit of foreign currency: US dollar ***** 2 2325 ***** -20 88 Sterling pound 3 1200 3 1243 7 3469 -57 53 Australian dollar 1 5717 1 5750 3 4286
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    • 354 5 BA Futures EUBODOLLAB futures yesterday suffered a minor setback despite the bullish US durable goods orders figure on Thursday night. December Eurodollar moved down to 91.65 from an opening level of 91.69 as the market has a downward bias in view of the minor reversal pattern seen in IMM
      BA Futures  -  354 words
    • 68 5 THE OVERNIGHT rate on the Singapore interbank money market fell S to close 4 per cent yesterday. The three-month term rate fell by 1 point each while the one- and twomonth rates remained unchanged. S$ Interbank rates at 3pm yesterday: Offer Bid Over night 4 3 7/8 1-month
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    • 49 5 RESULTS of tender held yesterday for: 91-day Treasury bills to be issued from Aug 27 to Aug 30. Offered: $90,000,000. Applied for: $117,000,000. Allotted: $90,000,000. Accepted bids: $99.29 approximately 69 per cent; higher bids in full. Average rate of discount on allotment: 2.815 per cent per annum.
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  • BANKING AND FINANCE
    • 423 5 Reuter RECENT ADVANCES in US interest rate futures have left the market ripe for further gains on a technical basis, according to financial futures analysts. However, some analysts also warned that after several consecutive days of advances, debt futures were susceptible to a modest
      Reuter  -  423 words
    • 143 5 Reuter THAI COMMERCIAL BANKS are expected to cut their interest rates further because of the current high liquidity in the money market. A central bank spokesman, Prapapim Sakuntapai, said bank deposit growth in July continued to outpace credit expansion by a four to three ratio
      Reuter  -  143 words
    • 299 5 AP MEMBERS of the Group of 77, a loose organisation of non-aligned countries, are split on the idea of establishing a bank to finance trade among Third World countries, an Egyptian official says. EM Shaaban, a member of the
      AP  -  299 words
    • 586 5 Reuter BORROWERS are likely to follow the Asian Development Bank (ADB) into the market for yen-denominated yankee bonds, especially if the dollar continues to weaken, investment bankers and analysts say. In the latest step towards the internationalisation of the capital markets, the
      Reuter  -  586 words
    • 485 5 FT THE NATIONAL Westminster Bank has applied to set up a UK-style stockbroking operation in New York in a move which will challenge the Federal Reserve Board's bank regulations. If successful, Natwest will be the first bank to set up a
      FT  -  485 words
    • 115 5 AFP A MONITORING PANEL of the Manila's top creditor nations and institutions appears dissatisfied with the country's economic reform measures. The Business Day newspaper said in Manila on Thursday that the World Bank, which chairs the panel a sub-committee of the consultative group of Manila's
      AFP  -  115 words
    • 360 5 Reuter A SHORT-DATED UK government bond futures contract, set to enter the London International Financial Futures Exchange (Liffe) on Sep 10, could quickly attract more volume than well established long gilt futures, traders said. Some believed the short instrument could at least initially steal turnover
      Reuter  -  360 words
    • 239 5 NYT PUBLIC EXPENDITURE is still growing at an alarmingly fast rate in Brazil, in spite of heavy pressure from the IMF to curb an anticipated large public sector deficit. Official estimates of the public wage bill for this year range from a real increase of
      NYT  -  239 words

  • TIME-OFF
    • 523 6 BOOK 'EM! That's what Steve McGarret of Hawaii Five-O would have said of Singapore's bookies. It is not hard to find some of them. Mini turf clubs, where the bookies conduct their billion-dol-lar business, are found in coffee shops and at void decks of HDB
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    • 814 6  -  Although New Zealand films are not as well known as those from Britain and Australia, JAIME LYE tells why three New Zealand offerings should not be missed. JAIME LYE THEY ARE NOT well known like their British counterparts, and they have yet to make an
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    • 1299 6 What's on from August 24 30 CONCERT: Blnaapora Symphony Orchaftra. Botanic Gardens. 6.15pm. Free. An open-air concert featuring a lightish programme of Bernstein (Candide Overture), Smetana (Three Dances from The Bartered Bride), Rossini (Excerpts from William Tell Overture) etc. Orchestra conducted by Lim Yau. DRAMA FESTIVAL: Thm CurM of
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    • 169 6 A little bird told me BIRD-SINGING contests have become as mach a part at the SlngaC landscape as the trees which our reads aad housing estates. One contest alone drew mere than 9M winged participants aad yen eaa imagine the formidable task faced by the haman Judges whs have te
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    • 153 6 A FRENCH firm has come out in rescue of lazy gardeners by cutting short the process of transplanting seedlings. Selling here, the firm's fertil pots (or fertile pots in English) are said to be made out of peat and that, presumably, gives the pot a built-in
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  • Page 6 Miscellaneous
    • 772 6 ®ODQBKfI(Mi) ■j CRYPTIC PUZZLE ACROSS 9 Create on awful fuss anew at ice water is brought round (5, 4) 10 And ice had built up round the vehicle previously (2, 7) 12 Turn up with some hoy (4) 13 Use for want of something better and press into action (4.
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  • SPORTS
    • 765 7  - Tennis talent good but raw By ANNA TEO OUR TOP TENNIS Juniors are good, but they lack self-confi-dence. That's the verdict of Kevin Livesey, the resident coach of Hongkong's Jubilee Sports Centre, where five of our juniors have just returned from a 13-day tennis camp involving a total of 32
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    • 583 7  -  By BRIAN MILLER LEADING JOCKEY S Y Leong, who drew a blank at the just concluded Kuala Lumpur meeting, is down to partner six horses at Penang today and could land a double to consolidate his position at the top of the table. His winners
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    • 353 7 UPI FINLAND'S Keke Rosberg will switch from the Williams team to drive for McLaren next year as a replacement for Austrian Niki Lauda, who last week announced his plans to retire from Grand Prix racing at the end of the current season.
      UPI  -  353 words
    • 196 7 AFP ROGER MALTBIE one-putted nine times on the way to a 5-un-der-par 65 that lifted him into a tie with defending champion Denis Watson of South Africa for the first-round lead on Thursday in the US$7OO,OOO NEC World Series of golf. The critical
      AFP  -  196 words
    • 483 7 Reuter AMERICANS John McEnroe and Chris Evert Lloyd, both well accustomed to the role of favourite, have been named the top seeds for the US Open Tennis championships which begin next Tuesday. McEnroe, in a move contrary to the latest computer rankings of
      Reuter  -  483 words
    • 316 7 Rueter THE UNITED STATES won the Walker Cup for the 27th time on Thursday when it beat Britain and Ireland by 13 points to 11 after two days of competition. The Americans took 3!4 out of four points in the morning foursome matches
      Rueter  -  316 words
  • Page 7 Miscellaneous
    • 1103 7 w ffiji) mm CENTRE STAGE: Hollywood Television Theatre Gondola 8.30 pm Channel 12 Norman Lloyd and Sondra Locke star in this drama about a defence attorney who goes all out to prove the innocence of two men convicted of attacking a girl many years ago. 8.00 PM Programme Highlights followed
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    • 3 7 BnStoW: Frank Diciceng
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  • INTERNATIONAL STOCKS
    • 313 8 Reuter BOEING CO stock is coming under selling pressure partly because of reaction to the third air disaster in two months involving a Boeing plane and partly because of profit-taking, Wall Street analysts said. Boeing was down l'/i> at 47H on Thursday. A Boeing 737
      Reuter  -  313 words
    • 188 8 AP THE ASSOCIATED PRESS and CBS News are denying a newspaper report that they were exploring a news-sharing arrangement "just short of a merger". Louis Boccardi, AP's president and general manager, said the companies were discussing a joint venture to gather video footage
      AP  -  188 words
    • 319 8 Reuter WALL STREET stocks closed l*>wer in moderate trading on Thursday. The Dow Jones Industrial Average settled at 1,318.10. The New York Stock Exchange Index fell 0.92 to 106.57. The average price per share decreased 29 US cents. Declines led advances 999 to
      Reuter  -  319 words
    • 158 8 AUG 22 AMfci AJcon a 20* 36* unch bnp 01 hco km Pro* Plpa hi UK 51 19* 41* 16* unch AJgomo Argoon HUg» Bark Mont Bank Nova ScoMo 23 29* 13* 29* tCarr Add Loklow B Moway Forg Mc BkxM 15* 21 3* 20* unch BP Can Lid
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    • 207 8 500 uneh Woolwoflh 1570 5 INDUSTRIALS IMMGS 7908 3000 i*xh Ab«rtom AE And O 170 10 uneh WOO 1380 7500 720 100 435 Set Anrajmrp 2750 620 20 i 1135 25 Cora Gold 1525 75 C G SmNh CNA 2275 25 1125 uneh 215B Da Bmti 1170 •10 m
      207 words
    • 657 8 AUG 22 us* Afcon Ahmn 27* AJcoo 34* Lud 20* AM Cham Q> 41* AM Sw« 56* Afe-Oaknsrt 4* Am Brandt he T 59* Am Broodcatt 114* Am Can Co —56* Am Cyanamid 55 Am Bsc P»r 21* Am Exprass 42 Am Horn# f*od 5#* Am Motor* Cp
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    • 860 8 Amsterdam AUG 22 Hi ABM 506.00 -3 Aagon 101.00 4-0.2 Ahold ***** -1 Akzo ***** +0 1 AMCV 280.80 +2 8 Amtat Anvo Bonk (7.30 -0.5 Md 45.00 unch h* 99 50 08 Bomfrvj 410.00 -1 Bur Tat 114.00 +4 Catand 37JO +03 Coh* 457.00 +4 Dai M|
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  • Page 8 Advertisements
    • 481 8 k WSiere id viae, «Uae arid eatertala s 1/ iF.t> —rzyt'% The siiufitui smitirti dt MntTs Turn m r. FF y; m 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
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    • 105 8 London stocks, on Back Pago 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 drinks (pouring brands). cnjSwn #PWNCE
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  • ASIAN STOCKS
    • 318 9 HONGKONG: Share prices closed little changed yesterday in moderate trading in the absence of fresh news. The Hang Seng Index fell 1.89 to 1,669.98. Turnover was HK&83.14 million compared with $270.37 million on Thursday. Hang Seng Bank fell $1.00 to $45.75 ahead of interim results due later in the
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    • 204 9 AUG 22 NT Lion Hwa Indus Nan Yo Plos 9 70 21.70 0.15 0.2 AM Sincara Indus 342 20 40 OO Pacific Com Pacific Ekct Wire 13 90 12.35 -0.1 0.1 Cathay Con* Chang Hwo Bank 22 50 45 10 0 1 Paolung Papor 0.97 1180 004 +0.2 14.30
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    • 357 9 TOKYO; Share prices closed lower yesterday in line with the fall on Wall Street on Thursday and because investors felt the recession in the semiconductor industry has depressed the prospects of blue chip electronics companies. The market average fell 43 points to 12,691.41 and turnover was a fairly light
      357 words
    • 122 9 MANILA: Share prices closed mixed in continued dull trading yesterday. The Commercial Industrial Index rose 2.46 to 135.67, the Mining Index firmed 1.34 to 641.23 and Oils fell 0.022 to 0.737. PLDT was up to 36.50 from 36 pesos and Seafront to 0.0042 from 0.004 but Philex was down
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    • 366 9 SYDNEY: Share prices closed easier yesterday with trading dominated by situation stocks, particularly Castlemaine Tooheys. Near the close, the All Ordinaries Index was down 9.0 at 945.1, the All Industrials Index was down 8.7 at 1380, the Gold Index was down 36.6 at 1049.2 and the All Resources Index
      366 words
    • 62 9 AUG 23 Won 675 Hyundoi Con»t Hyundai Motor KAL 899 869 430 1 3 +2 655 699 -6 730 1384 •17 Doofcm Ind 495 >18 400 2 468 -2 617 -3 646 -3 719 19 591 50 807 +2 585 -5 1210 •30 Hand Bk 740 -a 613 -7
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    • 151 9 BANGKOK: Stock prices closed mixed in moderate trading yesterday. The Book Club Index rose 0.11 points to 136.35 as declines led advances by a three to two margin. Turnover was 253,610 shares worth 70.4 million baht. AUG 23 Aokham Thai MM* Saom Citizan S torn City 78 50 506
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    • 77 9 AFP PRODUCTION, exports and domestic sales by Japan's two top car makers last month topped the June levels. Toyota said its exports in July rose 11.5 per cent over June to 192,434 units, while Nissan put the volume at 147,791 units, up 12.9 per cent.
      AFP  -  77 words
    • 213 9 Bernama SALES OF NISSAN CARS in Malaysia are still on the increase in spite of the current slowdown in the car market, according to Nissan Malaysian franchisee Tan Chong Motors. Nissan also maintained its position as the best-selling car in the country. Tan Chong Motors said the
      Bernama  -  213 words
    • 100 9 Reuter THE SAUDI state oil firm, Petromin, has told Japanese importers it will increase propane shipments to Japan to 85 per cent of contracted volume in September from 75 per cent in August but butane shipments will remain at 95 per cent. The sources said
      Reuter  -  100 words
    • 180 9 Reuter THE STATE-RUN Korea Petroleum Development Corp (Pedco) is still seeking a foreign partner to explore for oil and natural gas in South Korea's sixth continental shelf block off the south-eastern port of Pohang. A Pedco spokesman denied a report by the Opec news
      Reuter  -  180 words
  • Page 9 Advertisements
    • 577 9 The Noodle Shop A prominent food critic gave The Noodle Shop top rating for quality and value for money. FAR EAST PLAZA GOLDHILL SQUARE FOOO ALLEY 14. Scotts Rd., #02-43 101. Thomson Rd #81-09 16, Murray Street Tel: 732-4666 Tel: 250-7991 Tel: 222-6385 SINGAPORE CHANGI AIRPORT #011-77 West Wing Arrival
      577 words
    • 110 9 I M Savoury Delights Await Yod At >» I: I HI M I'* For reservations call 235 2698 or 734 6622 ext 141/144 5 T Sc 11 Lunch: 11am—3pm )7(srchard rqac Dinner 6pm-11pm Ample Free Parking 19 Cairnhiri Qrde and Valet Service Singapore 0922 M 734 6622 OiteMe CBI ORCHARD
      110 words

  • SHARE INFORMATION
    • 4140 10 HEAVY DEALS done in a couple of counters provided most of the excitement to an otherwise quiet day on the Singapore stock market. At the final bell yesterday, the BT Composite Index closed 2.79 points lower at 642.97 while the Straits Times
      4,140 words
    • 246 10 SINGAPORE r ,1 Rises U M FWmk 860 A B N 100H 365 TOM 240 WnM Corpa 157 HK TW. C*rp S0« 235 117 Li*«w S0( 110 AM Choc 171 M 9mm*m 545 Falls 135 32 15 15 +9 +9 +8 6 5 Indices Am 22 Aao
      246 words
    • 3340 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
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  • Page 10 Advertisements

  • COMPANY NEWS
    • 309 11  -  ■y HOCK LOCK SIEW THROUGHOUT the awe-inspir-ing rise in the share price of Sigma Metal Co Ltd these past few weeks, market watchers kept asking each other: "How long can this go on?" That runaway upsurge has resulted in a 160 per cent appreciation in value
      309 words
    • 2906 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. INDUSTRIALS A Choc (1 906 1.955) (8) 1.83 (1) 1
      2,906 words
    • 344 11  -  By CHAN OI CHEE IN SPITE OF a doubling In group turnover to $82 million, recently-listed Lee Kim Tah Holdings' profits for the half year ended June 30, 1965, were lower than expected. Group taxable profits, after interest on borrowings and depreciation,
      344 words
    • 173 11 ALTHOUGH there is very little to excite investors of Hotel Marco Polo Ltd on the earnings front, there may be something brewing at the company's ownership front, judging from the latest disclosure that a substantial block of the company shares has
      173 words
    • 412 11  -  By NAJEEB JARHOM PARKWAY HOLDINGS Ltd, reporting group interim results for the first time under its new owners, yesterday announced a consolidated post-tax profit of $2.45 million attributable to shareholders in the half year'to June 30. When the company, formerly known as Singapore Glass (1974)
      412 words
    • LATEST RESULTS
      • 47 11 Group pre-tax profits for the first six months to end-June 1985 rose to $2.19 million ($967,000 previously), on total income of $5.21 million ($4.25 million). EPS was 2.67 cents (0.98 cents) and NTA per share stood at $1.39 ($1.34). No interim dividend was mentioned.
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      • 46 11 Group pre-tax profits of M 57.46 million in the halfyear to July 31, 1985, against $5.03 million previously, on operating revenue of $10.02 million ($7.61 million). An interim dividend of 7 per cent less tax will be paid on Oct 3.
        46 words
    • 252 11 Morvogers' prices MARA-Bumiputra for Aug 24 27 First B'putro 5 02 5 07 Second B'putro 4 58 4 63 Singapore Unit Trust The Commerce 1 63 1.73 The Savings Find 135 143 Thrd B'putro Fourth B'putro Fifth B'putro Sixth B'putro 3 80 3.85 412 417 2 76 2
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    • 191 11 CHUAN HUP Mariae Ltd said the sale of its stake in Lityan Development Pte Ltd to Rocklea Consolidated of Australia was completed yesterday after Rocklea's shareholders approved the deal at an EGM on Aug 6. Chuan Hup now owns 41.8 per cent of Rocklea following the completion of
      191 words
    • 100 11 HONGKONG Hong Seng Index Thursday 1388.7 Week ogo 1388 7 Friday 1669.98 Thursday 1671.87 NEW YORK Week ago 1700.37 Dow Jones Thursday 1318 10 TOKYO Wednesday 1329.53 Week ago 1317.76 Tokyo Dow Jones Friday *****.41 Thursday *****.05 Stondard Poors Week ago *****.06 Thursday 187.36 Wednesday 189.16 TSE Index
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    • 483 11 PROFIT-TAKERS took the upper hand at the Kuala Lumpur stock market yesterday as bargain hunters kept to the sidelines, causing share prices to close broadly lower. A spark of interest was seen in a handful of special situation stocks and these ended in the plus
      483 words
    • 84 11 DEVELOPMENT ft COMMERCIAL BANK Berkad: 20th AGM at the Ballroom, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur on Thursday, August 29, at 10.30 am. PAN MALAYSIA CEMENT WORKS Berhad: 22nd AGM at the MUI Plaza Conference Centre, 1st Floor, MUI Plaza, Jalan P. Ramlee, Kuala Lumpur on Friday,
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  • Page 11 Advertisements
    • 279 11 NOTICES IN THE MATTES OF THE COMPANIES ACT, CAP. IM AND IN THE MATTES OF FUJI COFFEE HOUSE PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Company duly convened and held at 190 Middle Rd #12-10 Fortune Centre, Singapore 0718 on the 19th
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    • 245 11 >£>;HARIMAU INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1985 The Board of Directors of Harimau Investments Limited is pleased to announce the unaudited results of the Group and me Company for the six months ended 30 June 1985:30.6.85 30.6.84 or
      245 words

  • 392 12  -  By LEE HAN SHIH, Property Correspondent ONGOING PROPERTY projects worth billions of dollars continue to hang over Singapore's property market, offering little hope of quick relief for both developers and contractors. About 17,000 private residential units and almost 2.6 million square metres of
    392 words
  • 129 12 A SMALL FIRE temporarily knocked out Shell's big hydrocracker plant exactly one week after a similar fire caused severe heat burns to workers operating a naphtha hydrotreating unit. Fire broke out yesterday in the two-year-old hydrocracker after petrol leaked from a small flange in the
    129 words
  • 242 12 THE NATIONAL UNIVERSITY of Singapore took a step forward yesterday with its research facilities when its Science Faculty signed a cooperation agreement with a French research laboratory. Faculty dean Professor Bernard Tan signed the agreement with Professor Alain Costes of the Laboratory of Automatic Control and systems
    242 words
  • 40 12 Reuter AT LEAST U5527.5 million in accident insurance, the largest for a single accident in Japan, will be paid to victims of the Japan Air Lines Boeing 747 which crashed on a domestic flight on Aug 12. Reuter
    Reuter  -  40 words
  • 411 12 EVEN BEFORE one batch of Hepatitis B vaccine came out of the vats, Singapore Biotech made a profit last year its first 12 months of operation. Its after-tax profit of $450,000 was earned purely from trading operations importing the Hepatitis B vaccine from US pharmaceutical manufacturer
    411 words
  • 245 12 Bernama ABOUT 40,000 Malaysian construction workers in Singapore are expected to be phased out from the Republic over at least the next two years, Malaysian Deputy Labour Minister Datuk Haji Zakaria Abdul Rahman said yesterday. He said the Labour Ministry wanted the
    Bernama  -  245 words
  • 149 12 AFP A TOP CHINESE finance expert called for urgent reform of China's foreign exchange system in a report published yesterday, following a dramatic drop in the country's once substantial foreign reserves. Gu Ming, the chairman of the China International Finance
    AFP  -  149 words
  • 136 12 CANADA will provide the Primary Production Department with $439,000 to train 20 engineers and scientists from Asian countries. The International Development Research Centre (IDRC) signed the agreement with the Permanent Secretary of the Ministry of National Develop- ment earlier this week for a grant
    136 words
  • 753 12 SHARE PRICES in London closed mixed yesterday with a firmer bias but trading was selective and quiet ahead of the long UK holiday weekend. At 1430 GMT, the FTSE 100 was up 2.5 points at 1,312.2. Allied Lyons closed 6p down at 228 after news it will accept
    753 words
  • 54 12 AP BEIJING'S decision to scrap state price controls at peasantrun free markets has boosted food supplies and led to a 65-per-cent increase in sales, says the official Xinhua news agency. The price of meat, eggs, poultry, fish, vegetables and fruit were allowed to float according to market
    AP  -  54 words
  • 69 12 AP THAILAND-BASED foreign pharmaceutical manufacturers and importers yesterday called on the Thai government to introduce a patent law to protect them from "piracy" and eliminate substandard drugs from the market. Bruce Murdoch, president of the Pharmaceutical Association (Thailand), said at a news conference
    AP  -  69 words
  • 93 12 Reuter COMEX GOLD FUTURES were up US$O.9O to 1.50 in quiet early dealings yesterday, boosted by a weaker dollar and trade scale-down buying. Key December was $0.80 higher at $341.70 an ounce at 1000 EDT. Comex silver futures rose 2.5 to 3.0 cents in the morning
    Reuter  -  93 words
  • 58 12 Reuter THE US stock market moved lower in early trading yesterday, continuing the downturn of the previous session. The Dow Jones industrial average was off one point to 1317. Declines led advances by a five-three margin on a slow preweekend turnover of 7.05 million shares. Occidential Petroleum
    Reuter  -  58 words
  • LATE FILE
    • 59 12 AP SOUTH AFRICAN police firing shotguns and rubber bullets battled stone-throwing blacks near a small white town yesterday in Northern Cape province, killing six people and wounding 20, authorities said. Residents of Soweto, near Johannesburg, said the army for the second day in a row was
      AP .  -  59 words
    • 54 12 Bernama MALAYSIAN POLICE believe the 64 Indonesians reported to have drowned after their boat sprang a leak in the Straits of Malacca on Thursday may have reached their destination in Sumatra safely. Search and rescue teams found no bodies at the spot where the boat
      Bernama  -  54 words
    • 53 12 Reuter GUERILLAS fighting for a separate Tamil state in Sri Lanka are preparing to launch a major offensive. Parliamentary Affairs Minister Vincent Perera gave the warning in Parliament yesterday following the collapse of talks in Bhutan aimed at ending the bloody conflict between majority Sinhalese
      Reuter  -  53 words
    • 41 12 Reuter A SPANISH youth desperate for work has offered to trade one of his kidneys for a job. Jose Francisco Pastor Tortajada said such a drastic measure was necessary to end three years of unemployment. Reuter
      Reuter  -  41 words
    • 41 12 Bernama THE 1.3-litre model of the Proton Saga is expected to be priced at M 518,200 without insurance, and the 1.5-li-tre version at $21,200, also without insurance, in Peninsular Malaysia, Perusahaan Otomobil Nasional (Proton) sources said yesterday.
      Bernama  -  41 words
  • Page 12 Advertisements
    • 180 12 NOTICE IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER OF RHEINGOLD SINGAPORE (PTE) LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 185, that the Final Meeting of the abovenamed company will be held at 113, Macpherson
      180 words
    • 191 12 The Business limes Special Report On September 19, Business Times features a major report on integrated office automation. In this incisive survey, Business Times provides the answer to greater office efficiency and productivity. Planned Office Explaining key concepts and latest developments in the planned office, our comprehensive editorial coverage includes:
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  • Page 12 Miscellaneous
    • 54 12 BW,E«T,HE.RI Outlook for todoy: Showers over a few areos around midday onwards. Report for 24 hours prior to 7.30pm on Aug 22 at tt>e airport: Maximum temperature 32.4 Associated humidity 62 Minimum temperature 26.2 Associated humidity 88 Hours of sunshine 10.40 Rainfall in millimetres Nil Rainfall this month 54.8 Roiny
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