The Business Times, 31 August 1985
1985-08-31
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The Business Times
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Title Section12 1985-08-31 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, AUGUST SI, 1185 60 CENTS12 words
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Article, Illustration471 1985-08-31 1 SOH TIANG KENG,ALVIN TAY - By SOH TIANG KENG,ALVIN TAY SUBSTANTIAL backing for a major Hongkong property scheme, in which Singapore developer Ng Teng Fong is a partner, is being put up by the Oversea-Chinese Banking Corporation. The bank is one of the three lead-managers of a HK$75O471 words
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Article263 1985-08-31 1 THE SINGAPORE dollar yesterday plunged to a 5 -month low of 2.2700 against the US currency but suspected intervention by the Monetary Authority of Singapore helped stem the fall. Since the beginning of this week, the local dollar has been losing ground against the US currency263 words
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270 1985-08-31 1 UPI AMERICA'S trade deficit was US$lO.5 billion in July, the smallest since January, but enough to lift 1985's trade losses to more than $7 billion above the deficit for the same period last year, the Census Bureau said yesterday. The July figure was aUPI - 270 words
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591 1985-08-31 1 LOH HUI YIN - Government may consider lower corporate tax By LOH HUI YIN MORE MEASURES may be on the way to stimulate the ailing economy and lay the base for a long-term recovery. They are expected to be announced today during the continuing debate on the591 words
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Article, Illustration100 1985-08-31 1 IN THE HEAVIEST trading for a month, share prices strengthened on the Singapore stock market yesterday. Excitement sparked by nunonrs sf pssslblf tax cats kept share prices moving np for mest si the day. Prsflt-taking later tesk prices eff their best levels, bat even so, at the close,100 words
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Article, Illustration355 1985-08-31 1 CHUANG PECK MING - By CHUANG PECK MING THE NATIONAL Trades Union Congress is prepared to support a re-negotiation of existing collective agreements in cases where companies are hurt badly by the current economic downturn. It will also endorse a pay freeze for workers in some355 words
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256 1985-08-31 1 A CUT in the pump price of petrol is expected to result from a meeting which has been called for this morning between the Government and oil company officials. Oil industry sources expect a reduction of the ad valorem tax on petrol, which256 words
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Page 1 Advertisements
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Advertisement232 1985-08-31 1 imemcvnonai v<XTOfBnc6 on OIL TRADING ACTTWTIES and OPPORTUNITIES in Aski Pacfflc Basin 16-18 Sept Hyatt Regency S pore Supported by: S pore Economic pevetopment Board S pore Trade Development Board Organised by: jn INTERFAMA EXHIBITIONS PTE LTD' rtl Partcvwy Button Cmrm *1003/06 i Martr* Parx* C«n»rot. Smaopof < 544 Lj"?J232 words
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Advertisement276 1985-08-31 1 mm SHARE INFORMATION MONEY ft EXCHANGES RAW MATERIALS SHIPS IN PORT CROSSWORDS TV ft RADIO DOONESBURY BRISTOW OUR VIEW A NOVEL IDEA CAME UP when o property developer decided to use billboards to sell condominiums. But novelty aside, it does not seem to be a case of doing the right276 words
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Advertisement13 1985-08-31 1 Asian stocks, Pags 9 Intl stocks, Pags Wag* fraaza at Kappal, Paga 213 words
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Advertisement196 1985-08-31 1 p BURJDTEX '86 I SSJZWy S.E. Asia 3rd l International Exhibition of Building Equipment C>i Materials 27 February -2 March 1986 World Trade Centre S pore Interfama Pte Ltd Parkway Builders Centre #10-03/06 1. Marine Parade Central. Singapore 1544 Tel *****00 Tele* RS *****INFAMA More Parliament reports, Back Page a196 words
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HOME NEWS
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Article526 1985-08-31 2 LUCY NG - Shipyard considering measures to keep afloat By LUCY NG A WAGE FREEZE is believed to be part of a wider package of cost-saving proposals being considered by the management of Keppel Shipyard, say sources close to the company. Such a freeze would reflect the problems currently526 words
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138 1985-08-31 2 A "LOVE THERMOMETER" which makes use of a highly heat-sensitive liquid to bubble up a glass spiral in response to body temperature may sound like an interesting plaything even to an adult but the Toy Safety Authority of Singapore (TSAS) thinks otherwise. The138 words
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166 1985-08-31 2 THE SKILLS DEVELOPMENT Fund is willing to assist in retraining programmes for shipyard workers who have to take on new jobs in other sectors. The Minister of State (Education), Dr Tay Eng Soon, said Singapore's shipyard workers might be redeployed into other sectors owing166 words
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254 1985-08-31 2 DEPOSITORS with the Hongkong Bank may opt for a Singapore dollar statement savings account, instead of the passbook account, from Sep 2. Under the new service, applicable to both residents and non-residents, account holders will be issued with an electronic teller card (ETC) instead254 words
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133 1985-08-31 2 THE PORTABLE reel cable will become a prescribed article with effect from tomorrow. The Public Utilities Board said it will be an offence to sell, hire out or advertise for sale or hire portable cable reels which are not approved by the board. Members133 words
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Article, Illustration127 1985-08-31 2 FINN AIR South-east Asia has announced the following appointments: DAN MORN as general manager, based in Singapore. Mr Morn has been with Finnair for the past 20 years. He has a Bachelor of Economic Science degree from the University of Turku, Finland. Before his recent appointment, Mr127 words
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214 1985-08-31 2 SINGAPOREANS have a lot of reading to do to catch up with people in countries like the United Kingdom and Scandinavia. Each Singaporean, on average, borrows 2.5 books a year from the National Library. This compares with 11.7 books per person in Britain and214 words
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391 1985-08-31 2 JEFFREY TSANG - By JEFFREY TSANG COMPUTERISATION of the civil service will be a crucial element in the restructuring of the Singapore economy. "A major effort to restructure is under way to regain vigour and competitiveness versus the Newly Industrialising Countries," said Mr Lee Boon Yang,391 words
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Article837 1985-08-31 2 AT CONVENTIONAL WHARVES MARINA WHARVES Dwi Putra M4A 31.8/0900 31.8/2000 YNNI Berth Arrival Departure Good Year Halim Mulia M2A 31.8/1700 31.8/2330 M1B 31.8/0700 31.8/1500 KEPPEL WHARVES Hong Joo M4C 31.8/0700 31.8/1600 Arun Thai K9 alongside 31.8/0600 Hong Soon M3B 31.8/0700 01.9/1500 Frotario K12 alongside 31.8/1500 Sinar Surya837 words
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Page 2 Advertisements
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Advertisement34 1985-08-31 2 WORLDWIDE COURIER Changing the way the world does business. THE COMMERCIAL BANK OS KOREA. LTD o o H (INCORPORATED IN THE REPUBLIC OF KOREA) CONDENSED BALANCE SHEET AS AT DECEMBER 31 1984 (US$l W827)34 words
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OVERSEAS
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Article, Illustration57 1985-08-31 3 French workers from the Reneult car company blocking off the Champa Elyaee on Thureday with the new Renault models that were constructed in foreign countries, notably Spain and Belgium. They were protesting against the re-importation of the vehicles made by using cheap labour. In57 words
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155 1985-08-31 3 Reuter NORWEGIAN JOURNALIST Per Monsen, the former director of the International Press Institute (IPI) and editor-in-chief of Norwegian news agency NTB, ha£ died. He was 72. As a young man, Mr Monsen worked as secretary to Leon Trotsky, the Red army organiser during theReuter - 155 words
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Article854 1985-08-31 3 ARRIVALS Operator Service Local From number time PAA PA21 0020 LAX/TYO/ HKG sv SV379 0115 SEL CAL CI333 0130 TPE SIA SQ4I 0535 MAA MK MK746 0755 MRU CV CV796 0815 LUX/DXB MAS MH681 0820 KUL KAL KE624 0840 KUL MAS MH603 0905 KUL MAS MH671 0935854 words
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Article244 1985-08-31 3 AP AMERICAN consumers are footing a steep bill for protecting American jobs from foreign competition, paying up to 25 per cent more for clothes, 5 per cent for cars and 30 per cent for sugar, according to a new study. The price tag of protectionismAP - 244 words
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Article185 1985-08-31 3 Reuter HAROLD STASSEN, the last survivor of eight Americans who signed the United Nations charter in 1945, has called for a new UN weighted voting system to give large, powerful nations a greater say. Mr Stassen, 78, said the United Nations was "deteriorating" largelyReuter - 185 words
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Article167 1985-08-31 3 AP TWO SCOTTISH scientists have developed a cheap and reliable way of making telescope mirrors which they say could revolutionise astronomy and overcome a major difficulty in the proposed US "Star Wars" programme. A Scottish telescope maker, John Braithwaite, who has joined the team toAP - 167 words
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311 1985-08-31 3 AFP SOUTH AFRICAN businessmen called on the government to solve the country's political and economic crisis by opening immediate negotiations with all recognised black leaders, including those in jail. South Africa's business and industrial community put forward a three-point plan urging the governmentAFP - 311 words
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189 1985-08-31 3 NYT PRESIDENT REAGAN has recommended to Congress that it grant no general pay increase for more than two million federal civilian workers next year. Congress had already decided to freeze overall spending for federal pay for the 1966 fiscal year at this year'sNYT - 189 words
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509 1985-08-31 3 NYT SALES of new single-family houses rose 1.4 per cent in July to the highest level in almost two years, said the US government. It also revised upward its figures for April, May and June, showing a much stronger performance than previouslyNYT - 509 words
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Article61 1985-08-31 3 Reuter NEW APPLICATIONS for unemployment insurance benefits in the US decreased to a seasonally adjusted 370,000 in the week ended Aug 17 from 391,000 the week before. The US Labour Department said the number of people actually receiving benefits under regular state programmes totalled 2.56 million inReuter - 61 words
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Article366 1985-08-31 3 Reuter THE US HAS WON a battle to force major trading nations to discuss this year the convening of a world trade round of talks, official sources at the 90-nation General Agreement on Tariffs and Trade (Gatt) said on Thursday. Forty-nine countries have backed the USReuter - 366 words
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Article97 1985-08-31 3 AP THE US Federal Aviation Administration has told airlines flying between Pacific coast cities and Japan to stay above 8,534 metres because the Soviet Union intends to conduct test firing over the Pacific Ocean. FAA spokesman Paul Steucke said on Thursday: "The USSR has announced itAP - 97 words
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464 1985-08-31 4 AP AN INCREASING NUMBER of countries that get help from the International Monetary Fund have had to devalue their currencies in terms of US dollars and other hard money, a new study shows. Often these changes are spread over time and are notAP - 464 words
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Article74 1985-08-31 4 AFP THE FRENCH COUPLE, accused of murder and arson in the Rainbow Warrior affair, confessed to using false identities. At the start of their brief appearance in the Auckland magistrate's court, their lawyer read a statement saying that the man charged under the name of Alain TurengeAFP - 74 words
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254 1985-08-31 4 UPI IN AN EFFORT to quell charges of distortion and promotion of stereotypes by outraged Asian Americans, MGM-UA studios have agreed to add a disclaimer to the film "Year of the Dragon". The disclaimer reads: "This film does not intend to demean or toUPI - 254 words
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309 1985-08-31 4 AFP THERE IS no question of Asean going "halfway" to meet Vietnam in finding a solution in Cambodia, Malaysia's Deputy Foreign Ministef said. Commenting on a statement by Vietnamese Foreign Minister Nguyen Co Thach that any Cambodian settlement would have to beAFP - 309 words
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Article, Illustration251 1985-08-31 4 Bernama THE INDEPENDENCE currently enjoyed by Malaysia could be taken away from the people if they took its value and meaning for granted, Prime Minister Datuk Sen Dr Mahathir warned on Thursday. Most citizens tend to take independence for granted after a long time had passedBernama - 251 words
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169 1985-08-31 4 Reuter INDONESIA will contest the inclusion of the East Timor issue at next week's non-aligned ministerial meeting in Angola, Foreign Minister Mochtar Kusumaatmadja said yesterday. He said the subject had been included by Angola in a draft declaration being drawn up for eventualReuter - 169 words
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Article149 1985-08-31 4 AFP OIL RESERVES held by members of the Organisation of Arab Petroleum Exporting Countries (Oapec) rose 28.1 billion barrels last year to 401.9 billion, while revenues slumped to U*****.4 billion from $110.5 billion in 1983. According to the Oapec annual report, Kuwait recorded the largest riseAFP - 149 words
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157 1985-08-31 4 AFP TWO JAPANESE BRANDS of wine have been adulterated with poisonous anti-freeze solvent, said the Japanese Health and Welfare Ministry. The two brands were the 1978 Manns Estate Kifu and 1981 Manns Estate Kyoka, both produced by Manns Wine Co. The ministry ordered theAFP - 157 words
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Page 3 Advertisements
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Advertisement8 1985-08-31 3 Em Am's 7475P Easiest Daily to New York.8 words
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Advertisement193 1985-08-31 3 Occasionally,. The Economist believes a thousand words is worth one picture. But don't expect it to be large, glossy and in full colour. The Economist believes that thoughtful, objective analysis in words can better assess a current topic. The photo shown here was used to illustrate an article ®n China193 words
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RAW MATERIALS
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Article146 1985-08-31 4 Chinese Produce Exchange (Sellers' noon closing prices on Aug 30 (SS/100 kg) Coconut oil Bulk FOB 80.00 Old drum FOB 93.00 New drum FOB 97.00 Robusfa 20/25% FOB NSW Nutmeg no FOB NSW E&W FOB NSW Gambier FOB NSW 440 00 479.00 335 00 330 00 Copra Mixed146 words
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Article296 1985-08-31 4 Singapore C-1 Ord unq (S$/kilo, ex-godown) Loonzain Rice Froqront new crop 100% 1st grade unq 1st 0 80 100% 2nd grode 215 2nd 0 58 100% 3rd grade unq 3rd New Crop 25% 10% 056 no stock no stock Parboiled Rice 5% 10% 215 210 Thai Broken Maize unq296 words
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Article112 1985-08-31 4 THE Kuala Lampar Tin Market price closed six cents higher at MJ31.85 per kg yesterday on reduced offerings after holding unchanged on Thursday. Total volnme fell to SI tonnes yesterday, the last disposal day of this month's quota, from 8i tonnes on Thursday. There were no reports of112 words
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Article172 1985-08-31 4 Yarn (In HK$ per bale 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 2l's 2,800 Combed yarn, cones Blue Phoenix 32's 4,200 Blue Phoenix 40's 4,400 Open-end yarn 2,350172 words
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Article173 1985-08-31 4 SINGAPORE The market closed slightly lower yesterday with Sep- tember One RSS buyers quoted at 165.00 cents a kg, down 0.25 from Thursday. The morning session lost one cent on profit-tak-ing, after rising initially on some buying and short-cov-ering in moderate trading. MALAYSIA Pre-weekend selling emerged yesterday afternoon to173 words
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Article378 1985-08-31 4 RAS prices in M cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 166 00 167 00N 165 50 166 50N Int 1 RSS Sept 85 166 25 166 75 165 00 166 00 Int 1 RSS Oct 85 165 50 166378 words
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Article162 1985-08-31 4 SOME LATE weekend covering lifted the Malaysian crude palm oil market yesterday from its earlier lows to close mixed in fairly active trading. Early sentiment was weak following India's passing on its weekly tender and a reserve of buyers. In September, south gained M 517.50 to $800 a162 words
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Article122 1985-08-31 4 SOYBEAN futures on the Chicago Board of Trade closed up Vi to 2V* US cents on Thursday except for spot September, which lost Vi cent, in light trade. November ended near the middle of a 4 s /«-cent range. Slow country movement and strong domestic soybean processor bids lent122 words
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Article129 1985-08-31 4 WHEAT futures on the Chicago Board of Trade ranged from down two US cents a bushel in September to up Vt cent in deferreds at Thursday's close. All months except May established new contract lows before recovering. Short-covering ahead of the long weekend provided support, but perceptions that farmers129 words
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Article109 1985-08-31 4 (cents/kg, 1-ton pollets) jjp-y OCT 85 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 135 00 137 00N 136 00 138 OON SSR 50 133 00 135 OON 134 00 136 OON MRELB Buyers Sellers Buyers Sellers SMR CV 178 00 180109 words
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Article778 1985-08-31 4 COFFEE Robusta futures broke down through recent support levels to end on Thursday with losses on the day of £50 to £43 a tonne from Wednesday night's close. At the close, November was £50 down from the previous close at £1,632 in a £1,674/1,631 high/low and at the778 words
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Page 4 Advertisements
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Page 4 Miscellaneous
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Miscellaneous61 1985-08-31 4 Doonesbury 1 THINK THE MOMENT HAS APRJVEP, MIKE MICHAEL, tVE FINISHED MY PAINTINGS. YOUROO&SIN NEW YORK. MY CAT JUST DIED. THE CAR N BROKE DOWN!PS TIME! m i m RING! S3/J. m m I mill BY GARRY TRUDEAU HI, MIKE, ITS YOUR LANDLADY. I'LL COME HEUO? RJ6HTID THE POINT. I'VE61 words
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BANKING AND FINANCE
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Article764 1985-08-31 5 SINGAPORE The US dollar closed narrowly mixed yesterday against major currencies after fluctuating on short-covering and profit-taking in thin trading. The Singapore dollar firmed to close at $2.2450/70 to the US unit from an afternoon low of $2.2695 and compared with $2.2530/40 here on Thursday following intervention by764 words
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Article220 1985-08-31 5 Interbank rates at 3pm yesterday: Currencioe Nominal rate* St Offer cr nitMoniin «*a parity Local dollors to on* unit of foreign currency: US dolor 2 2460 2.2510 2.8196 -20.34 Sterling pound 3.1354 3.1446 7 3469 -57 32 Australian dollar 1 5800 1 5858 3 4286 -53.92 NZ dollar220 words
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Article89 1985-08-31 5 RESULTS of tender held on Thursday for: 91-day Treasury bills to be issued from Sep 2 to Sep I>. Offered: $100,000,000. Applied for: $210,000,000. Allotted: $100,000,000. .Accepted bids: $99.28 approximately 34 per cent; higher bids in full. Average rate of discount oil allotment: 2.865 per cent per annum.89 words
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Article193 1985-08-31 5 HONGKONG: The metal closed firmer yesterday in moderately active trading supported by -bargain hunting. It ended at U*****.90/336.30 an ounce compared with New York's $334.70/335.20 close and the .$338.30/70 finish here on Thursday. Local gold fell ,HK$2l to close at $3,124 a tael. Krugerrand lost $20 to HK52,645. TOKYO:193 words
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Article332 1985-08-31 5 THE larger-than-expected US money supply figure announced on Thursday night saw Eurodollar futures opening slightly lower in Simex yesterday. But the December contract was locked in a tight range of 91.69 and 91.71 in quiet trading after the initial opening at 91.70. It closed at 91.69. Currency futures opened332 words
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Article136 1985-08-31 5 THE OVERNIGHT rate on the Singapore interbank money market rose by I'/j point from Thursday to finish at 5% per cent yesterday. The one, two and threemonth term rates remained unchanged across the board. PHYSICALS Buyers Sellers ss kilobor 24,196 24,326 I gm 24 34 Sam 121 132136 words
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Article, Illustration295 1985-08-31 5 Asian market ASIAN dollar deposit rates closed steady yesterday at opening levels in quiet trading. News of a larger-than-expected US$2.B billion increase in latest US M-l money supply, the 1.4 per cent rise in US July single home sales and a revised 2.2 per cent rise for June sales helped295 words
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679 1985-08-31 5 Marginal increase in Treasury bill rates NYT THE FEDERAL RESERVE on Thursday announced a larger-than-expected US$2.B billion increase in the American basic money supply, but the news had a very limited impact on the credit markets, where interest rates wereNYT - 679 words
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142 1985-08-31 5 AFP FRANCE is to ease exchange controls for French investors operating outside the European Economic Community (EEC). French Finance Minister Pierre Beregovoy had announced that the measure would take effect Sep 1. It would apply to all countries outside the EEC, "without geographic discrimination", andAFP - 142 words
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Article61 1985-08-31 5 Reuter AMOCO OIL CO plans to offer free Visa and Mastercard accounts to more than one million holders of its Amoco Multicard in the US. Beginning this month, Multicard subscribers will be offered an application for either Visa or Mastercard accounts with a US$2,OOO line of credit. TheyReuter - 61 words
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Article97 1985-08-31 5 AFP BOLIVIA announced it was floating its currency against the US dollar soon after it ordered a 24-hour closure of private and national banks. Bolivian Information Minister Reynaldo Peters said the measure was part of a plan which also called for increased autonomy for twoAFP - 97 words
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Article, Illustration426 1985-08-31 5 AP MEXICO and representatives of about 600 banks signed a US$2O.l billion debt-restructur-ing agreement on Thursday. The agreement was billed as the largest ever agreed to by international commercial banks and as a model for other heavily indebted developing nations. The agreementAP - 426 words
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Page 5 Advertisements
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Advertisement618 1985-08-31 5 PHILIPPINE NATIONAL BANK <■ (•reparative Statement M Caaditiaa As of the Dates Indicated (In Million Pesos) Cash and Other Cash Items Due from the Central Bank of the Philippines Due from Other Banks Net Interbank L»»ans Receivable Loans and Discounts Net Agrarian Reform/Other Agricultural Credit L*»ans Net Bills Purchased Net618 words
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TIME-OFF
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Article539 1985-08-31 6 MOTORISTS are supposed to keep their eyes on the road. They usually do. The alternative is a trip to hospital, or a one-way journey somewhere else. In less serious cases, they end up in fist fights (which could lead them to outpatient clinics, if539 words
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Article, Illustration834 1985-08-31 6 ANNA TEO - If you spot a lot ol big men chasing little bits of paper along the road one weekend, they are the Hash House Harriers carrying on a tradition that goes back to 1938. It is also traditional not to have women near a harrier.834 words
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Article219 1985-08-31 6 IF THE BEST WAY to a man's heart is through his stomach, the same route, it seems, leads to the journalist's mind. Journalists understand things better if they are well-fed, many people think. They offer lunches especially when they feel that a story being written needs219 words
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Article1234 1985-08-31 6 What's on from Aug 31 Sep 6 MmmmĔĔm W CONCERT: 380 features Korean pianist Tong II Han. Victoria Concert Half. t.lspm. Tickets: $4,57,510,515. Tong II Han holds an impressive talent record from the time he began studying the piano at age 4. Today, he is a Professor of Music1,234 words
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Article, Illustration144 1985-08-31 6 BETWEEN THE Ist and the 13th day of the seventh lanar month, the gates of hell are speaed to allow the ghosts to wander among the humans on earth. This month Is not exactty an ansplcions one and superstitions Chinese families and the business community offer the144 words
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Page 6 Miscellaneous
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Miscellaneous785 1985-08-31 6 CRYPTIC PUZZLE ACROSS 9 A lot of snow, or what you had when you slipped on it? (5, 4) 10 Scrutinised mine in the former advertisement (8) 12 Turned back because of the hole in the top (4) 13 Run package trips around the north (6) 14 Annoy the pet785 words
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SPORTS
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Article, Illustration808 1985-08-31 7 BRIAN MILLER - By BRIAN MILLER WITH SIX RUNNERS In the 17horse for tomorrow's Penang Sprint Trophy race, trainer Teh Choon Beng holds the whip hand in this $125,000 classic. His runners tomorrow represent some of the best thoroughbreds in training and among them, classy candidates such808 words
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259 1985-08-31 7 AFP THE FRENCH rugby team could be forbidden from playing in Australia and New Zealand in the wake of the Rainbow Warrior incident, unless diplomatic relations improve. Albert Ferrasse, the president of the French Rugby Federation, said on Thursday: "I am really worriedAFP - 259 words
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242 1985-08-31 7 UPI CHILI DAVIS hit a three-run homer with one out in the bottom of the 10th inning on Thursday, lifting the San Francisco Giants to a 6-3 victory over the New York Mets. Davis went 3-for-5, drove in five runs and scored twiceUPI - 242 words
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Article, Illustration469 1985-08-31 7 DAVID GABRIEL - By DAVID GABRIEL THE SUN was shining on the Oval, in London, throughout the first day of the last test between England and Australia. But the day belonged to England. England, fielding the unchanged victorious side of the fifth test, looks set to469 words
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381 1985-08-31 7 UPI SPAIN'S Manuel Calero shot a six-under-par 64 on Thursday to take the first-round lead in the US$2BO,OOO European Open Golf Championship over the 5,980-me-tre Sunning dale Course. Calero finished a long opening day there was an 80-min-ute delayUPI - 381 words
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Article, Illustration607 1985-08-31 7 US Open Tennis Championships A Reuter DEFENDING CHAMPION John McEnroe and Wimbledon champion Boris Becker won secondround matches in convincing fashion on Thursday as order was restored at the US Open tennis championships. Following Wednesday's action in which four seeds were ousted, seeded players marched peacefullyReuter - 607 words
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Page 7 Advertisements
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Advertisement302 1985-08-31 7 NOTICES COMPANIES ACT, CAP.» PRODUCTS Pnt LOOTB) (ta Vil li 7 IJftfMn) At an Extraordinary General Meeting of the members of BUILDING HARDWARE PRODUCTS PTE. LIMITED duly convened and held nt KM, Beach Road, #1441, Golden Mile Tower, Singapore WIS on the 27 day of August 1385, the following Special302 words
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Page 7 Miscellaneous
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Miscellaneous1255 1985-08-31 7 to god mm SATURDAY NIQHT MOVIE Intimate Agony 11.15 pm, Channel 5 Herpes, the dreaded disease usually relegated to medical series and documentaries, makes an appearance in prime time drama in this movie that deals with its effects on the residents of an idyllic island resort. Stars Anthony Geary and1,255 words
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Miscellaneous19 1985-08-31 7 BriStoW i ih«WK He HRS OVeßDOrfe THC rmpxe.KJP.... NO &OOf LOOKS THAT MEANV4»-\«-e Itsl /*M OFFiQE. not nuldqn Aw/vy19 words
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INTERNATIONAL STOCKS
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378 1985-08-31 8 Reuter BRITISH Petroleum Co PLC (BP) said its reported results would continue to be sensitive to sudden or marked movements in oil J prices and exchange rates but it remained confident about future prospects. The company announced on Thursday net incomeReuter - 378 words
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Article137 1985-08-31 8 Reuter AB VOLVO'S first-half profit after financial items dropped to 4.26 billion crowns from 4.62 billion in the 1964 period but share analysts said the results were mainly in line with market expectations. They said a decline in profits had been widely anticipated as earnings inReuter - 137 words
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310 1985-08-31 8 Reuter THE NEW YORK stock market closed higher in moderate trading on Thursday. The Dow Jones Industrial Average gained 4.04 to 1335.13. The New York Stock Exchange index rose 0.08 to 109.47. The average price per share increased by three US cents. AdvancesReuter - 310 words
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Article184 1985-08-31 8 Reuter CANADA will introduce tough competition laws in the next few months that could dampen the takeover fever gripping the country's stock markets. The pro-business government in Ottawa is reported to be worried about the recent spate of takeovers and the growing public outcry againstReuter - 184 words
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Article122 1985-08-31 8 AUG 29 a 20* kr*> Oi 53* 19* Alcan 38* 21* kit Pro* Plpa Irtf UH 41* 17* uncti Argotn HMgt 22 30* Karr Add 15* 22 Bark Novo ScoMo 13* 43* Mouty Farg Mc BkxM 3* 20* inch inch 33 18* Brascan Can bnp Bk Conooc 32* 38*122 words
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Article655 1985-08-31 8 AUG 29 US* Alcon Marin Alcoa HU&my>r Lud AM Cham Cp AM Storm AB*Owbnar» Am BiunA he Am Bluudcaat Am Can Co Am Cyonamd Am Dae fcar Am Ejprm Am ttoma Prod Am MoMn Cp Am Notmd Got Am Tal 4 TaL. Amox he Amrodo Hm AMF he655 words
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Article882 1985-08-31 8 Amsterdam AUG 29 Tk AflN Aafon Ahold ***** +X5 99.00 +4 240.20 +2.2 Afcio AMEV 124.30 ♦0.2 291.90 13.2 Airrfot Anvo Bank Baikal Bob Z 09 50 7l .5 44.50 -0.5 102.80 unch Rtnni 395 00 -5 Brwfc<*i Bur Tat 104.70 -0.3 Cetand CaK« Dal M* piaiiar 38.40882 words
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Page 8 Advertisements
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Advertisement42 1985-08-31 8 ism 'Winer* id wim, eilae m<k eatertaia 7% 'A •I. Z 2. WSSfe v for lunch this Sunday §0» M s 1 m i S3 m I M A m High tea. high fashion... at OrchaidHotd Singapore. ORCHARD HOTEL SINGAPORE v cm (">'•42 words
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Advertisement141 1985-08-31 8 ft V #"v <w i€K«^ li <~* 2sSv«afc. ■ws ♦>*a(«r«r**. ,«f*" L';S§ f EIVP*fl f.'Ks» i LpkT'lf t> r Is? «wr: 3f» ,r /r«W" SwX ■V-.... < «l 4 JW <1 ->■•» ."4 u «»«r JgrnZT-'im lJ»-W Monday, Tuesday, Wednesday... hmm, just like Mum's cooking Welcome to our daily special141 words
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Advertisement64 1985-08-31 8 Specialized in: HOMO KONG DIAN XIN CANTONESE CUISINE Business Hours: 11.00 am 230pm (Sundays Public Holidays: B.ooam 2.30pm) Dinner: 7.00pm 1030pm Sn PRESIDENT MERLIN HOTEL V 181, Kitchener Road, P Singapore 0620. Td: *****22.' t Y\o** lOK RESERVATIONS, CALL *****11 EXT. 127, 10l Hotel Royal Newton Road, Singapore I1U) Republic64 words
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Advertisement104 1985-08-31 8 spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discnminating gourmet. special business lunch at $16 -h- each and $20 -H- each (mln. 2 persons). Over 50 a la carte specialities are also available FURAMA SINGAPORE HOTEL 10 Eu Tong Sen Street. Singapore104 words
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Advertisement102 1985-08-31 8 London stocks, Back Pago V jfti LOMMgE Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet. Body N Soul from the Philippines. They'll captivate you! Happy Hours: spm 7pm, s<yfc off all drinks (pouring brands). CRown102 words
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ASIAN STOCKS
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Article340 1985-08-31 9 HONGKONG: Stock prices closed firmer yesterday, aided by expectations of improved corporate profits. The Hang Seng Index finished 4.68 points higher at 1,656.10, in spite of light selling pressure toward the close. After the market closed, Hutchison Whampoa reported lower first-half profits but raised its interim dividend. It closed340 words
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Article215 1985-08-31 9 AUG 30 Ai Srtcara In4» KT$ 3.29 17.50 unch inch Lion (-h»o Mm Nan Yo Plas PociHc Cons Pacific Elact 9 55 2190 12 95 12 05 i«Kh unch unch 0 05 20 40 unch 1 01 004 43.40 unch 11 70 14.15 -0.1 31.10 -8.9 Ova Hsin Camarrt215 words
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Article342 1985-08-31 9 TOKYO: Share prices reversed earlier gains to close the day lower yesterday as the market met prof-it-taking shortly before the close on end-month considerations. Turnover was 470 million shares against 500 million on Thursday. International populars were neglected but trading houses were in demand on speculation about discount rate342 words
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Article107 1985-08-31 9 MANILA: Share prices closed higher in quiet trading yesterday. The Commercial A Industrial Index firmed 0.38 to 143.00, Mines 1.92 to 660.38 and Oils 0.019 to 0.781. PLDT rose to 37.0 from 36.50 pesos and Oriental to 0.013 from, 0.012. Basic Petroleum eased to 0.0026 from 0.0028. Maritaei AUG107 words
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Article383 1985-08-31 9 SYDNEY: Share markets closed easier yesterday as lower gold prices hit precious metal stocks. By the close of trading, the All Ordinaries Index had dropped 7.8 points to 937.8 and the All Industrials 6.1 to 1371.5. The Gold Index fell 39.7 points to 1074.0 and the All Resources nine383 words
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Article74 1985-08-31 9 AUG 30 Woo Hyividai Const 920 25 Hyundoi Motor 893 3 679 2 KAL 429 Chohamg 0k 657 +2 -1 Korea F**t 705 1353 4 26 489 +4 Korea Sh«> 406 -4 46fi -2 Lucky Ltd 607 -7 654 unch Sorraung Co 710 -10 575 S Samsung Eiec 81474 words
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Article152 1985-08-31 9 BANGKOK: Stock prices closed higher in moderate trading yesterday. The Book Club Index rose 0.45 point to 136.15 and advances led declines by more than a two-to-one margin. Turnover was 810,874 shares worth 83.6 million baht. AUG 90 Aokham Thai MM Sam Ornn Saom Oy 7» 50 506 1152 words
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Article62 1985-08-31 9 AP THE FINANCIAL troubles of Mitsubishi Aircraft International in Dallas, Texas, have forced it to seek American help, company spokesman Yuzuru Matsumoto said in Tokyo yesterday. The Mitsubishi Heavy Industries subsidiary may soon sell its sales division or entire operation to Beech Aircraft Co of Wichita,AP - 62 words
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373 1985-08-31 9 Bernama THE MALAYSIAN toy manufacturing industry is no child's play in the export market, with annual sales worth about Msso million. At the recent 10th anniversary of Sankyo Seiki (M) Sdn Bhd, a Japanese-Malaysian toy-making joint venture, Malaysian Deputy Trade and Industry Minister DatukBernama - 373 words
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156 1985-08-31 9 AP JAPAN ASIA AIRWAYS plans to purchase five new planes to replace aged aircraft that have led to threats of passenger boycotts. Toshio Tominaga, JAA's public relations chief in Taiwan, said on Thursday that the planes would be purchased between 1986 and 1987 andAP - 156 words
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163 1985-08-31 9 Reuter TAIWAN will welcome foreign and local investment in a finance company owned by the Cathay industrial group, the centre of Taiwan's biggest bank scandal. A Finance Ministry official said yesterday that the government would reorganise the Cathay Investment and Trust Company and recruit newReuter - 163 words
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105 1985-08-31 9 Reuter JAPAN'S major companies are expected to show a fall in their combined current profits in 1985/86 ending next March 31, the first fall in three years. A survey by the Wako Research Institute of Economics, covering 421 companies listed on the Tokyo StockReuter - 105 words
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Page 9 Advertisements
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Advertisement488 1985-08-31 9 f BHMHMHI —___i 1 VUiyi wU (.Discotheque/ A ex of sound and sheer imagery 4I r V f Ist Drink Charges: Sun Thurs: 9pm 2am, $18++ Fri, Sat Eve of Public Holidays: 9pm 3am; $23 <88 Excetiior Hotel 5 Coleman Street. Singapore 0617 Tel *****33 Meals at CaffeDe Grand are488 words
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Advertisement145 1985-08-31 9 /r 4 oixAngs HAPPY HOURS: spm 7pm dally If• a real happy time! Just buy a drink and get tha second FREE. Live entertainment toot Hot rock or favourite contemporanee. this popular all-girts. Six Angela Bend, plays and ainga nght into your heart Bringa you into a world of pure145 words
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SHARE INFORMATION
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Article, Illustration4359 1985-08-31 10 SHARE PRICES on the Singapore stock market firmed up yesterday in highly active trading. Though prices closed generally higher, profit-taking towards the end of the day trimmed earlier gains. The Straits Times Industrial Index closed 5.30 points up at 752.65 while the4,359 words
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Article257 1985-08-31 10 SINGAPORE Rises TDM 372 Ayer Hit aw T« 740 Metro Hldgj 258 Allied Choc 218 LAM 50< 216 M U Mfg 50< 215 ftatoah 234 Dab Yum 134 O C IC 805 •of* Lrntang 710 Falls Indices Aug 29 Aug 30 BT Comoobtc 640 33 M 3257 words
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Article4440 1985-08-31 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".4,440 words
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Page 10 Advertisements
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Advertisement11 1985-08-31 10 KL market report, Business done on the KLSE See page 1111 words
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COMPANY NEWS
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391 1985-08-31 11 ROTHMANS INDUSTRIES, the larger of the two leading cigarette manufacturers in Singapore, has suffered yet another drop in earnings. But the company has declared a final dividend of 6.25 cents on top of its interim payment of 2.5 cents, thus maintaining its total dividend391 words
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Article65 1985-08-31 11 Ai.i.iF.n Ck«e«late IidutriM Ltd requested trading of its shares to be suspended from yesterday pending a further announcement. GROWTH Iadastrial Holdings Ltd has appointed Mr Tan Lian Ker as chairman and Datuk Mohamed Rahmat as director of the company with effect from Aug 29. SIR Sidney Gordon has65 words
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Article94 1985-08-31 11 HONGKONG Thursday 1377.6 Week ago 1380.3 Hang Seng Index Friday X Thursday 652.19 NEW YORK Week ago 1669.98 Dow Jones Thursday 1335.13 TOKYO Wednesday 1331.09 Tokyo Dow Jones Week ago 1318.10 Friday *****.15 Thursday ***** 80 Standard Poors Week ago *****.41 Thursday 188.93 Wednesday 188.83 TSE Index Week94 words
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Article249 1985-08-31 11 Managers' prices MARA-Bumiputra for Aug 31 Sep 2 First B'putro 497 502 Singapore Unit Trust Second B'putro Third B'putro 457 462 3 76 3 81 The Commerce 1 66 1 76 Fourth B'putTO 4.11 4 16 2 73 2 78 2 71 2 76 176 1.81 The Savings249 words
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232 1985-08-31 11 GROUP pre-tax operating losses at Acma Electrical Industries Ltd have deepened further to $1.43 million in the six months to end-June 1985 from $797,000 in the same period a year ago. The company has warned shareholders not to expect results in the second half232 words
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Article356 1985-08-31 11 SHARE PRICES closed off-best on the Kuala Lumpur stock market due to a late round of profit-taking but the overall market put on a more encouraging performance yesterday. Interest was scrfttered among industrial, finance and property stocks which closed higher on strong buying support, reflecting356 words
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Article3002 1985-08-31 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 (2) 2 30 (4) 2 35 (8)3,002 words
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Article, Illustration465 1985-08-31 11 CHAN OI CHEE - By CHAN OI CHEE SHORTLY after calling off its controversial all-share takeover offer for Emtex Corp, property and finance-based MBf Holdings has confounded corporate observers with yet another unexpected move. In a terse announcement to the Singapore and Kuala Lumpur stock exchanges465 words
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454 1985-08-31 11 HOMER CHEN - By HOMER CHEN SIM LIM Investments Ltd has turned in lower profits for the year ended March 31,1985. Profitability was dragged down by the poor performance of its subsidiaries which offset the good performance of the parent company. Operating profits before tax at the454 words
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236 1985-08-31 11 RETAILER CK Tang Ltd was still in the red at half time. This is no surprise, but there is a silver lining. The group performed better than in the previous interim period in spite of a buoyant economy last year. For236 words
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LATEST RESULTS
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Article47 1985-08-31 11 Loss of M 569,908 on turnover of $2.79 million for the 12 months to end-March 1985. No corresponding figures available because 1964's accounts were prepared for a period of 14 months to end-March when losses stood at $150,364 on turnover of $3.15 million.47 words
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Article61 1985-08-31 11 Group pre-tax profits of MsB million ($7 million) on turnover of $82.96 million ($75.47 million) for the six months to end-June 1985. After-tax profits of $5.08 million ($4.46 million) giving EPS of 16.6 cents (14.6 cents). An interim dividend of 10 cents less tax (same) will61 words
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Article54 1985-08-31 11 Group pre- tax profits of M 53.16 million ($5.11 million) and after tax profits of $5.81 million ($4.36 million) for the year ended May 31, 1985. A first and final dividend of 3 per cent less tax (same) will be paid on Jan 10 to shareholders54 words
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Page 11 Advertisements
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Advertisement252 1985-08-31 11 OFFICIAL NOTICE Proposal to change ship's name We, Allen Gledhill of 36 Robinson Road, #18-01 City House, Singapore 0106, solicitors for Asuka Shipping (Singapore) Pte. Ltd., hereby give notice that in consequence of our clients' intended purchase of the motor vessel "Eiyu Maru No. 1" we have applied to the252 words
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Advertisement151 1985-08-31 11 KECK SENG (MALAYSIA) BERHAD (incorporated in Malaysia) NOTICE TO SHAREHOLDERS The Directors of the Company are pleased to announce the unaudited results of the operations of the company and the group for the first half year ending 30th June 1985 as follows Company Group Turnover Profit from operations Share of151 words
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206 1985-08-31 12 FOREIGN DIPLOMATS may have to exercise more care if they are to avoid paying taxes when scrapping their cars for replacement. A spokesman from the Ministry of Foreign Affairs said that previously, diplomats on a three-year tour of duty here were allowed206 words
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Article, Illustration586 1985-08-31 12 BRIAN GOMEZ - Singapore identifies 33 products it wants promoted in Japan By BRIAN GOMEZ SINGAPORE HAS presented the special envoy of Japanese Prime Minister Nakasone with a list of 33 products it wants included in future Japanese "market opening" exercises. Singapore officials expressed dissatisfaction that the586 words
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Article271 1985-08-31 12 CRITICISMS about the growing trade deficit with Japan were not an issue when Mr Masayuki Fujio met Prime Minister Lee Kuan Yew for his final round of official talks. Mr Fujio, who is the chairman of the influential policy research council of the Liberal Democratic271 words
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LATE FILE
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Article53 1985-08-31 12 Bernama GRAFITTI-WRITERS will no longer have to scribble secretly on billboards and at bus stands when the Johore Baru municipal council provides them an ample outlet of expression a big blank board put up just (or them. The council has yet to determine the location of theBernama - 53 words
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Article56 1985-08-31 12 AP PRESIDENT Ferdinand Marcos yesterday created a special government team to investigate the killings of 22 journalists since 1979 and vowed government prosecution of those found guilty. Mr Marcos made the move after receiving an "open letter" signed by 500 journalists and 30 media organisationsAP - 56 words
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Article46 1985-08-31 12 UPI IRAQI warplanes bombed Iran's Kharg Island oil terminal yesterday for the third time this month, turning the installation into a "smouldering wreck", an Iraqi military spokesman said. There was no independent confirmation of the report and no immediate comment from Iran. UPIUPI - 46 words
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Article55 1985-08-31 12 Reuter INDONESIA'S main satellite went out of alignment accidentally yesterday, disrupting communications among the nation's 13,000 islands. Telecommunications Minister Ahmad Tahir kaid radio, television, telephone and telex services to many areas had been cut since early morning when the Palapa B-l satellite turned 10 degrees after it wasReuter - 55 words
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Article47 1985-08-31 12 AP ALL LEGISLATORS of the main opposition party in India's Haryana State resigned yesterday to protest against the agreement aimed at settling the Punjab crisis. The agreement was signed on July 24 by Prime Minister Rajiv Gandhi and Sikh leader Harchand Singh Longowal.AP - 47 words
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YESTERDAY IN PARLIAMENT
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234 1985-08-31 12 A PROPOSAL giving the government an additional ground to revoke a person's citizenship was approved by Parliament in spite of protest from the two opposition members. The proposal was incorporated in amendments to the Constitution of the Republic of Singapore Bill which received the234 words
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Article, Illustration606 1985-08-31 12 FOO CHOY PENG, LOH HUI YIN,LISA LEE - Reports by FOO CHOY PENG, LOH HUI YIN,LISA LEE PARLIAMENT YESTERDAY carried out its duty of electing a President for probably the last time when it unanimously endorsed Mr Wee Kim Wee, the chairman of the Singapore Broadcasting Corporation, as the Republic's fourth Head of State. "The606 words
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206 1985-08-31 12 STIFFER measures against drunken driving and higher penalties for traffic offences are expected to come into effect soon with the passage of a Bill yesterday. Parliament yesterday passed the Road Traffic (Amendment) Bill, moved by Home Affairs Minister S Jayakumar, which incorporated tougher measures206 words
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139 1985-08-31 12 AUTOMATED production equipment is eligible for a one-year tax write-off, starting from this year's income tax assessment. This was made possible when the Income Tax (Amendment) bill was passed by Parliament yesterday. Other equipment eligible for the one-year write-off are computers, robots, and139 words
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Article116 1985-08-31 12 THE RECENT 30 per cent property tax rebate may be extended to leased business premises soon. Dr Richard Hu, the Minister for Finance, said in Parliament yesterday that the matter was under consideration and that a decision would be made shortly. When the 30116 words
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Article967 1985-08-31 12 EQUITIES closed higher yesterday after a fairly active session with the market showing no reaction to the 0.4 per cent rise in the July index of US leading economic indicators or to the August rise in UK unemployment. At 3.30pm, the FTSE 100 was up 12.7 points at967 words
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Article, Illustration139 1985-08-31 12 THE GOVERNMENT will consider bringing the "Pasar Malam" to other tourist spots besides its current location at the Singapore Handicraft Centre in Tanglin Road. The centre has attracted more than 1,200 people to the 81 stalls during the weekends and about 400 onweekdays. About 25139 words
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170 1985-08-31 12 A REQUEST that Section 149 of the Companies Act, which restrains directors of liquidated companies from taking part in the management of another company, be repealed has been turned down. But the government will look into amendments to the section together with170 words
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105 1985-08-31 12 A TOTAL of 7,000 local workers were retrenched in the first six months of this year, but most of them were able to find jobs within a few months if they were not too choosy. Last month, there were 1,894 new job seekers registered with105 words
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Article394 1985-08-31 12 THERE WERE more late contributions to the Central Provident Fund in the first half of this year than the whole of last year. But the late payments constituted a small percentage of total contributions and most employers were able to pay on time, said Acting Labour394 words
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Article27 1985-08-31 12 COMEX GOLD FUTURES halved their early losses yesterday of US$3.OO after drawing sympathetic buying from a strong platinum market. Silver futures closed just above their lows27 words
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Article38 1985-08-31 12 THE NEW YORK stock market edged higher in early trading yesterday. The Dow Jones Industrial Average was up a fraction to 1335. Rises led falls by a fivefour margin on turnover of 9.35 million shares.38 words
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Page 12 Miscellaneous
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Miscellaneous56 1985-08-31 12 Outlook for today: Foir except for shower? over a few areas in the afternoon. Report for 24 hours prior to •7.30pm on Aug 29 at the airport: Maximum temperature 33.0 Associated humidity 58 Minimum temperature 27.1 Associated humidity 85 Hours of sunshine 7.20 Rainfall in millimetres Nil Rainfall this month56 words
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