The Business Times, 7 September 1985
1985-09-07
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The Business Times
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Title Section12 1985-09-07 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, SEPTEMBER 7, 1985 60 CENTS12 words
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Article, Illustration506 1985-09-07 1 CHUANG PECK MING - SLF sounds out three government bodies By CHUANG PECK MING AT LEAST TWO government ministries and a statutory board have been approached to buy the union block of the Singapore Labour Foundation Complex. BT understands the sale of this block, which was originally reserved506 words
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Article342 1985-09-07 1 "THE PATIENT is still in hospital," a financial adviser appointed to save the ailing Goodearth Realty group said of his client earlier this week. Yesterday, the group's holding company was spared a trip to the mortuary. Headed by businessman Teo Lay Swee, the group owns Cockpit,342 words
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176 1985-09-07 1 Reuter SOUTH KOREA said yesterday that it was introducing measures to reduce its U5545.3 billion foreign debt, ranging from restricting imports of luxury items to curbs on visits to bars by government officials. The debt, the world's fourth largest after Brazil, Mexico andReuter - 176 words
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Article215 1985-09-07 1 AP THE LONDON-BASED Bank of Credit and Commerce International has received approval to open a branch in the Shenzhen special economic zone, the second foreign bank to do so. A spokesman of the People's Bank of China said approval was given on Aug 27.AP - 215 words
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Article, Illustration82 1985-09-07 1 ONCE AGAIN, Malaysian Masters dominated the action on tfce Singapore stock exchange yesterday. Bat thengh trading was moderately active, share prices clsrnd mixed. With few index stscks getting much attentisn, the Straits Times Industrial Index jnst edged ap I.M point ts 75J.11 while the BT Cempesite Index pit82 words
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Article, Illustration368 1985-09-07 1 ELAINE KOH - By ELAINE KOH A BRAND NEW TERMINAL will have to be built at Changi's Northern Bay if large car ferries are used in a proposed service linking Singapore and Desaru. These craft would be too big to use Changi Point, which is another possible site368 words
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452 1985-09-07 1 LEE HAN SHIH - By LEE HAN SHIH, Property Correspondent MORE THAN 20,000 tenants of three major statutory boards will benefit from $40 million of potential savings from property tax rebates, bringing the total savings awarded to tenants in the past few months452 words
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Article130 1985-09-07 1 AP THE US CIVILIAN unemployment rate, stagnant for six months, fell 0.3 percentage point to 7 per cent last month. It was the lowest Jobless rate in more than five years. About 310,000 jobs were created last month, the US Labour Department said in aAP - 130 words
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Page 1 Advertisements
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Advertisement122 1985-09-07 1 International Conference on OIL TRADING ACTIVITIES and OPPOBTIIWmES In Aski Pacific Basin 16-18 Sept Hyatt Regency S pore Supported by; S pore Economic Development Board S pore Trade Development Board Organised by: INTERFAMA EXHIBITIONS PTE LTD Partwoy BuHd*»'»lM3/06 1, Marin* Porod* C#n»at. Singapore 1544 m *****00 T«tw RS 24«0lNMMA Challenges122 words
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Advertisement267 1985-09-07 1 The UE Project Group crushed by debts, UEL's hidden link, Pg 14 raaa SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW CRAFTSMEN ore smoll businessmen with a great deal to contribute to Singapore. Directly, they provide employment, even if it is267 words
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Advertisement185 1985-09-07 1 [,?"->&>".)?+@,\?-%{?]\<^$~&=~{ In practise, graphite inserts do not hit it off with Surlyn Cover balls. Reason: Hard vs Hard does not distance. now second-layer insert behind I the conventional graphite insert that acts as a JJg^ springboard to catapult the ball, thus giving you that Championship Golf. Graphite insert HONMA CL-707185 words
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Advertisement43 1985-09-07 1 WATER asia*B6 International Water Technology Exhibition Conference. 27 February 2 March 1986 World Trade Centre S'pore INTERFAMA EXHIBITIONS PTE LTD PaNMoyfcfldarf Canto *1041/06 1. Ma*w PorotM C«nM S*acvo« 1544 tot *****00 MB BS *****INMMA WATHP Utc tenants gat property tax rabata, Page 1243 words
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HOME NEWS
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433 1985-09-07 2 LISA LEE - By LISA LEE MORE HOTELS HAVE turned to offering seminar and conference packages to make up for falling revenue from low occupancy levels. However, with demand exi pee ted to increase only slightly |in the short term, prospects of fgenerating revenue from seminar433 words
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Article307 1985-09-07 2 is the stuff leaders are made of because they stand out by answering a higher calling, said the national executive of GE (USA) yesterday. Mr Nelson Britt told accountancy graduates that serving /'something bigger than yourself and your own selfish desires" was perhaps the most important307 words
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Article223 1985-09-07 2 WOO MANY GRADUATES are «maware of important contemporary issues in Singapore and rhe rest of the world. "Graduates who aspire to top management positions have to develop an appreciation of, and a sensitivity to, how international events can affect the Singapore economy," said the223 words
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239 1985-09-07 2 -MORE THAN 200 furniture 'makers from 11 countries have confirmed their participation in fthe 4th Singapore International Furniture Show (SIFS), to be jtheld later this year. The nine-day furniture show •is jointly organised by the Singapore Manufacturers' Association (SMA) and the Singapore239 words
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Article122 1985-09-07 2 THE CIVIL Aviation Authority of Singapore (CAAS) will be the host to the 4th International Civil Airports Association (Asian Region) conference at the Shan-gri-La Hotel from Sep 10 to 12. Dr Yeo Ning Hong, the Minister for Communications and Information and Second Minister for Defence,122 words
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99 1985-09-07 2 BUTTERWORTH Co (Asia) Pte Ltd yesterday launched a new book on tax practices in Singapore. The book, Singapore Taxation, is written by.Pok Soy Yoong and Damiar Ct* Hong, two prominent tax consultants with a leading local accounting firm. Written with general tax practitioners, lawyers,99 words
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183 1985-09-07 2 THE WINNER of the first Esso Gold Medal, an annual award to the top mechanical and production engineering student of the Nanyang Technological Institute, had to juggle his time between playing student and father. Still, Mr Tay Leng Chua, 28,183 words
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64 1985-09-07 2 A TEN-LECTURE course on "Company Law of Singapore for Students of Professional Bodies" will be held next month. Organised by the National University of Singapore's Department of Extramural Studies, the course aims to examine in detail the aspects of the law relating to registered64 words
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Article, Illustration164 1985-09-07 2 GOH YEE LING - By GOH YEE LING TEN SINGAPORE boutiques are setting out to woo 40,000 international buyers with their spring/summer collections at the Paris Pret-a-Porter Show from Sep 28 to Oct 2. The companies will be led by the Trade Development Board (TDB).164 words
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323 1985-09-07 2 THE COST OF LIVING for a majority of expatriates rose slightly in April except for those who had to pay for their own housing. The inflation for expatriates as measured by the alternative expatriate consumer price index (AECPI) went up by 1.5323 words
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101 1985-09-07 2 FINANCIAL difficulties facing the international oil industry will be the subject of a talk to be presented by the Society of Petroleum Engineers (SPE) on Sep 18. The speaker will be Mr John F Imle, the president of the International Oil and Gas101 words
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373 1985-09-07 2 JAIME LYE - By JAIME LYE THE STRAND HOTEL, an unobtrusive building in Bencoolen Street which has been standing vacant for at least four years, is finally going to open its doors on Oct L The Strand, which used to be a tiny 28-room establishment, was demolished373 words
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Article151 1985-09-07 2 SLIGHTLY more than half of the 1,727 HUDC flats which were offered last month have been taken up, leaving the Housing and Development Board with just over 1,000 applicants on its waiting list for middle-income housing. An HDB spokesman said yesterday that 859 HUDC flats151 words
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Article921 1985-09-07 2 AT CONVENTIONAL WHARVES VmmI Berth Arrival Departure KEPPEL WHARVES Al Raouf KM alongside 07.9/1200 Anderso K17 alongside 07.9/2300 Argonaftis K16 alongside 07.9/1200 Bhavabhuti K36 alongside 07.9/0800 Barber Tampa K9 alongside 07.9/0400 Builder 3 K23 alongside 07.9/2300 Equator 3 K22 alongside 07.9/0300 Ned Napier K12 alongside 07.9/0600 Qinghecheng921 words
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OVERSEAS
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Article, Illustration394 1985-09-07 3 AFP PRINCE Norodom Sihanouk, the President of the anti-Vietnamese Cambodian coalition, has proposed that France be host to a "modern Congress of Vienna" for all countries involved in the Cambodian conflict. It would be an informal "first step" towards an international conference,AFP - 394 words
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Article853 1985-09-07 3 ARRIVALS Operator Service Local From number time PAA PA21 0020 LAX/TYO/ HKG SV SV379 0115 SEL CAL CI333 0130 TPE OA GA1306 0340 sue GIA GA1106 0535 UPG SIA SQ4I 0535 MAA MK MK746 0755 MRU CV CV796 0815 LUX/DXB MAS MH68I 0820 KUL KAL KE624 0840853 words
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201 1985-09-07 3 UPI A BRITISH labour union official said the Soviet security services had asked him to spy for Moscow. Sam McCluskie, the deputy general secretary of the left-wing National Union of Seamen and treasurer of the Labour Party, said on Thursday thatUPI - 201 words
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282 1985-09-07 3 Reuter THE FIRST joint talks in eight years between government, employers and union leaders failed to find a solution to high unemployment in West Germany, delegation leaders said yesterday. But employers' leader Otto Esser, speaking after six hours of talks, saidReuter - 282 words
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174 1985-09-07 3 UPI US CRUDE OIL reserves grew during 1984 for the first time in 14 years, the Energy Department said on Thursday, reporting a 2.6 per cent increase that brought total reserves to 28.4 billion barrels. The last increase was recorded in 1970UPI - 174 words
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223 1985-09-07 3 AP IRAQ SAID ITS WARPLANES attacked Iran's Kharg Island oil-export terminal for the fifth time in three weeks on Thursday, dropping four tonnes of bombs and shooting down an Iranian fighter. Marine salvage executives in the Gulf area said radio messages fromAP - 223 words
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624 1985-09-07 3 Mixed reaction from business groups and unions AP A DECISION by a US federal appeals court reversing a ruling that employers must pay similar wages for jobs of comparable worth drew praise on Thursday from business groups and protests from labour unions and feministAP - 624 words
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Article450 1985-09-07 3 UPI THE ORGANISATION of Petroleum Exporting Countries will hold an emergency summit in Vienna on Oct 3, according to the Opec news agency. The official announcement of the meeting came on Thursday, nearly two weeks after an Opec source revealed that the oil cartelUPI - 450 words
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Page 3 Advertisements
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Advertisement7 1985-09-07 3 r* EanAm's New Clipper Class DailylbLcKS Angeles.7 words
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Advertisement132 1985-09-07 3 Barons Table Sunday Branch... you'll love it/ Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. For starters, there's an array of appetizers to choose from. Our Brunch also boasts our famous roasts like baby chicken, loin of veal, pork, ham, lamb and sausages.132 words
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WORLD BACKGROUND
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Article, Illustration829 1985-09-07 4 White House plans ambitious drive to wirtsupport for tax proposals, President Ronald Reagan's recent poll rating of 65 per cent is unusually high. The White House is now taking advantage of his 'unprecedented popularity' to launch plans for a political offensive designedNYT - 829 words
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Article, Illustration794 1985-09-07 4 Han Xu an old American hand NYT AMBASSADOR HAN XU still recalls those days of his youth when, as a guerilla fighter, he belonged to an army unit that rescued American flyers downed by Japanese while on air raids over the mountains of north central China. "I still have theNYT - 794 words
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699 1985-09-07 4 Reuter THEY MAY HAVE BEEN plotting for power, but there were no smoke-filled rooms at this party conference. Elevating health and vigour to political principle, France's self-proclaimed "New Liberals" prefer to show their combative spirit and energy on theReuter - 699 words
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604 1985-09-07 4 AFP PRESIDENT Hosni Mubarak's move to replace his Prime Minister with a finance expert is a bid to bolster Egypt's debt-rid-den economy as it seeks new credits from the International Monetary Fund, according to analysts in Cairo. Ali Lutfi, a 50-year-old economicsAFP - 604 words
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Article, Illustration565 1985-09-07 4 AFP POLITICS is the biggest industry in the Philippines today, inveigling young and old alike into passionate discussion on whether the country is headed for hell, high water or the Promised Land. The subject is savoured like food at a wedding banquet,AFP - 565 words
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422 1985-09-07 4 UPI CHINESE leader Deng Xiaoping, in the midst of a sweeping government reshuffle, yesterday told former US president Richard Nixon that he has delegated most of his daily responsibilities to younger people. Meeting Mr Nixon in Beijing's Great Hall of the People, the 81-year-oldUPI - 422 words
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Page 4 Miscellaneous
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Miscellaneous15 1985-09-07 4 Doonesbury m m "V si k'i I r 1 m Wi BY GARRY TRUDEAU a>15 words
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BANKING AND FINANCE
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304 1985-09-07 5 NYT THE US FARM CREDIT system is expected to suffer its first operating loss since the Great Depression. According to the system's governor, Mr Donald Wilkinson, the Farm Credit Board meeting had found enough deterioration in the US farm economy to warrant asking itsNYT - 304 words
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Article94 1985-09-07 5 Reuter SENATE majority leader Robert Dole may seek a restructuring of the farm credit system, but will ask that farm credit problems be addressed separately from the pending 1985 farm Bill. "There is no doubt in my mind that the farm credit system is inReuter - 94 words
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212 1985-09-07 5 FT NIGERIA'S CENTRAL BANK governor yesterday emphasised the new military regime's intention to reach an early agreement with the International Monetary Fund (IMF) for a loan of up to US$2.5 billion and indicated that an "exchange rate adjustment" would form part of the agreement.FT - 212 words
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Article148 1985-09-07 5 Reuter PHILIPPINE interest rates have fallen sharply in the past few months, reflecting increased liquidity among the country's 32 commercial banks fostered by central bank policies. According to money market dealers, interbank call rates averaged 9.44 per cent on Thursday against 31.3 per cent a monthReuter - 148 words
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458 1985-09-07 5 Reuter SURPRISINGLY robust US economic data lately have cast a pall on the markets and spurred unusually strong interest in August employment statistics expected yesterday, dealers said. The civilian unemployment rate is generally expected to hold at 7.3 per cent and nonfarm payrollReuter - 458 words
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181 1985-09-07 5 CITIBANK yesterday became the latest commercial bank to reduce housing loan rates. From today, the American giant will cut its home loan rates by It -point across the board to BVi per cent (or loans of up to 10 years and 8V« per cent (or181 words
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Article84 1985-09-07 5 Reuter FOREIGN banks can have limited operations in Indonesia outside Jakarta, beginning from yesterday, a Finance Ministry spokesman said. The banks, previously allowed to operate only in the capital, can extend export credits to companies outside Jakarta following a central bank decision to permit foreign banks toReuter - 84 words
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MONEY AND EXCHANGES
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Article889 1985-09-07 5 SINGAPORE The US dollar extended its early rise against most major currencies in moderately active late trading yesterday on local and European short-covering. Dealers said sentiment for the dollar was bullish supported by news of a large increase in US car sales for the last 10 days of889 words
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Article232 1985-09-07 5 Interbank rates at 3pm yesterday: CdfTWCiW Nominal Bid rata* Si Offor a mittoofMan roe* parity changa Local dollars to on* unit of foreign currency: US dollar ***** ***** 2.8196 -19.19 Sterling pound ***** 3 0910 7 3469 -57 98 Australian dollar 1 5630 1 5660 3 4286 -54232 words
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Article120 1985-09-07 5 THE OVERNIGHT rate on the Singapore interbank money market fell by V/i points from Thursday to close at 5 per cent yesterday. The one, two and threemonth term rates fell by 1/16 point each across the board. S$ Interbank rotes at 3pm yesterday: OH«f lid Over 4 1/2120 words
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Article, Illustration335 1985-09-07 5 ASIAN DOLLAR deposit rates closed steady yesterday at the opening levels in quiet afternoon trading, dealers said. They said news of US$2.4 billion rise in US M-l money supply was within expectations and had little impact. Most operators were awaiting the day's release of American August unemployment335 words
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Article51 1985-09-07 5 RESULTS OF TENDER held on Sep 6 for 91-day Treasury bills to be issued from Sep 9 to Sep 13. Offered: $140,000,000. Applied for: $213,000,000. Allotted: $140,000,000. Accepted bids: $99.28 approximately 65 per cent; higher bids in full. Average rate af dlsceont on alletmeat: 2.890 per cent per51 words
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Article385 1985-09-07 5 BA Futures EURODOLLAR futures opened sharply lower yesterday on the Simex as a result of the large increases in American car sales and money supply. After opening at 91.52, the December contract eased to 91.50 in cautious trading. Liffe opening saw sideways trading with traders lightening their positions aheadBA Futures - 385 words
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Article280 1985-09-07 5 HONGKONG: The metal closed steady in fairly quiet trading yesterday in the absence of fresh factors. Dealers noted some short-covering from overseas commission houses and said price movement throughout the day corresponded to the US dollar's fluctuations. Bullion ended at U*****.70/321.10 an ounce compared with New York's $320.40/90 close280 words
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Page 5 Advertisements
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Advertisement336 1985-09-07 5 Test yourself on current affairs and < work! business with The Economist quiz Find out how you rate on current affairs and world business with this quick test on subjects covered in The Economist over the last few months. Check your score with the answers printed upside down at the336 words
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TIME-OFF
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Article520 1985-09-07 6 IT IS SOMETHING of an irony that the first exhibition at Orchard Point since the Urban Redevelopment Authority's announcement that it be turned into a "fine arts and crafts centre" should be an exhibition of China's arts and crafts. There is nothing inherently wrong with this, of520 words
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Article, Illustration1009 1985-09-07 6 MONICA GWEE - To polo or not to polo? MONICA GWEE trots round the question at the new Singapore Polo Club which officially opens its doors today. MONICA GWEE THINGS ARE NOT as "sticky" as they used to be at the Singapore Polo Club now that the spanking1,009 words
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Article1205 1985-09-07 6 What's on from Sep 7 13 NnhM CONCERT: S3O features Du Ning Wu, pianist from China. Victoria Concert Hall. 8.15pm. Tickets: $4,57,510,515. Du Ning Wu is I winner of the Sydney International Piano Competition of Australia. He was born in Guangdong province in 1966 and studied in the Shanghai1,205 words
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Article, Illustration155 1985-09-07 6 A UNIQUE OPPORTUNITY to learn more about South-east Asian dances Is being offered by the National Theatre Dance Circle. It is presenting from tomorrow a three-day workshop cum choreographic seminar to be conducted by Indonesian-born dancer Madam Lin Chun Wai. Madam Lin is founder and artistic directar155 words
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Article221 1985-09-07 6 AFTER THE GOOD NEWS comes not the bad news but some moralising. Some weeks back, this column mentioned a new publisher called "Good News Press". Taking off from there, another new printing and publishing company calls itself "Moral Publication and Management". A TINGE of optimism during221 words
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Page 6 Miscellaneous
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Miscellaneous815 1985-09-07 6 Amu aim jiiiiii bPJ uj a inn ami JII ■i■ ilillll Hill CRYPTIC PUZZLE ACROSS 8 Prudence is o card' (7) 9 Well, well' So it's only imagination' (4, 5) 13 "The great big fellow," I interposed, "would be the famous artist" (5) 14 He'll be at home at lunch-time815 words
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SPORTS
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Article, Illustration424 1985-09-07 7 WITH A FLICK of the reins and a kick in the sides, he was off, galloping the length of the field. His red and white-shirted opponents gave chase but to no avail. Buang Said, Johore's man-of-the-match, was going too well for them. He424 words
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Article155 1985-09-07 7 WEST GERMANY'S strong equestrian team took a narrow lead on the first day of the European three-day event championship in Burghley, England. It lost 114.6 points after two riders had completed the dressage section. Britain is on 117, Poland 117.8, France 131.6, Ireland 131.8,155 words
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Article, Illustration652 1985-09-07 7 BRIAN MILLER - By BRIAN MILLER WITH A 10-race feast being served at Ipoh today, punters hungry for a good thing could find an ideal starter in Kitson Leong's Kelab Istimewa. The four-year-old by Red Alert has had 15 starts for a win652 words
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611 1985-09-07 7 WALTON MORAIS - By WALTON MORAIS K MADASAMY and N Raju might find themselves in an odd situation this weekend in Seletar's club championship. Either golfer could win the title and yet walk away emp-ty-handed. For the golfers, both of whom are on the club's staff611 words
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Article, Illustration518 1985-09-07 7 US Open Tennis Championships Reuter JIMMY CONNORS, who always seems to lift his game for the US Open, swept through Heinz Gunthardt of Switzerland on Thursday night to reach the semifinals for a record 12th consecutiveReuter - 518 words
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308 1985-09-07 7 WORLD CUP CHAMPION Chen Xinhua was surprisingly seeded fourth at the Asian Cup tabletennis championships draw at the Hotel Equatorial yesterday. Chen, who last month beat European No 1 Andrzej Grubba to win the World Cup in China, was seeded behind countrymen Jiang Jialiang and308 words
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Page 7 Miscellaneous
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Miscellaneous1156 1985-09-07 7 The late Jon-Erik Haxum plays the mala Cindaralla with tha halp of Joan Collina SATURDAY NIGHT MOVIE Making Of A Mala Modal 11.05 pm, Channal 5 Joan Collins portrays a modelling agency mogul who takes an uncouth young ranch hand under her wings,transforms him into a successful male model and1,156 words
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Miscellaneous32 1985-09-07 7 BriStc^:Fraiiicl)iakens or ffcootfess \S L£PWIHG> TMC MelS LPvNDCD P\ JO6 AT HOLDir4GS> GOOD roR wTTrr\.. COOLDK'T Hf*Pf=fej4 TO P\ MVCCJR. ?aiOU) uJeifcC vIPMMG R COU£jCT\ON PVMD tooMDec uDMeTHef? NtxJ'o cp>ee"To cmip\r4....? y32 words
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INTERNATIONAL STOCKS
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337 1985-09-07 8 Reuter INTERNATIONAL Marketnet (Imnet), the stock-quote joint venture of Merrill Lynch and Co and International Business Machines Corp, has decided to shift its marketing strategy after failing to sign a single new customer in its first 18 months of operations. A spokesman for Imnet concededReuter - 337 words
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112 1985-09-07 8 Reuter INVESTORS participating in a Securities and Exchange Commission roundtable discussion on securities issues said they opposed any legislation that would increase federal regulation of corporate takeovers and mergers. "Tender offer regulation has been against the stockholders," Mesa Petroleum Company president andReuter - 112 words
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351 1985-09-07 8 Reuter THE NEW YORK stock market followed a zigzag course on Thursday and ended with a slight loss, as investors found little in the news picture to cheer about. The Dow Jones Industrial Average declined one point to 1,326. The index ofReuter - 351 words
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Article123 1985-09-07 8 SfP 05 Abrtib. a 20* unch Imp Oil Inco 52% 18% 37* Algoma 20* Argo«n HkJgs 21 31* Bark Novo Scotia' 13* Mc BkxM 20* B«l Canodo 43 BP Can Ltd 33* 25% Br ok or 33 inch Nofondo Can Imp Bk 39 16% -H 17* Carina OT(h*« 14*123 words
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Article248 1985-09-07 8 SEP OS Rand Woohxorth 1475 50 MDUSTVIALS MININGS A Alpha 8006 -2 mch -20 3040 40 Abef com AE And a Amaprop AMIC 760 4406 2700 Anglvoal Btyyoors Buff alt ***** 1400 7250 25 -100 Bartows C G Smrfh CNA 1145 2300 230 -30 unch 10 unch -5 unch248 words
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Article429 1985-09-07 8 SIP 05 US$ 24% Exxon Cp 52* ft 34* Ale on AJumm Akoo 27* 34* unch Alegheny Lud 20 y. 19 u Afced Chem Cp 41* I6H -ft AJfced Stores Natl Gypsum Co 50* unch AJhs-Cholmers 4* unch 44% Am Brandt Inc 59 \8% Am Broodcost 115* unch429 words
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Article909 1985-09-07 8 Amsterdam UP OS Fb ABN 506 50 1 96 90 -03 Ahold 244 00 0 5 125 80 -0 1 AM£V 296 50 4 Amro Bonk 87 60 urtch 42 00 re Bota 393 00 05 Bo»kafc» BKM Tat 102 80 -04 C aland 459 00 -5 Dak909 words
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Page 8 Advertisements
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Advertisement144 1985-09-07 8 1 Royal Singapore presents t T c September 6 15,1985 Poolside, sth floor Royal Holiday Inn Singapore ng Penang's top ten itnentic specialities. Offering Penang's top ten authentic specialities, v prepared in true hawker style Jj A by 21 hawkers specially flown in from Penang. Take your choice of Penang144 words
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Advertisement166 1985-09-07 8 Monday, Tuesday, Wednesday... hmm, just like Mum's cooking Welcome to our daily special dish! It's local. It's mouth-watering. It's super value for your money. Monday is our Bah Kut On Tuesday well, we won't spoil the surprise The table's set for you V See you at our ScottsCafe. i HOTEL166 words
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Advertisement61 1985-09-07 8 5: <v> Specialized in: HONG KONG DIAN XIN CANTONESE CGISINE Business Hours: 11.00 am 2.30pm (Sundays Public Holidays; B.ooam 2.30pm) Dinner: 7.00pm 10.30pm PRESIDENT MERLIN HOTEL y 181, Kitchener Road, f* Singapore 0820. Tel: *****22. FOR RESERVATIONS. CALL *****11 EXT. 127. 101 Hotel Royal Newton Road. Singapore 1130 Republic of61 words
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Advertisement114 1985-09-07 8 ce Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16 -h- each and $20 -H- each (min. 2 persons). Over 50 a la carte specialities are also available. FURAMA SINGAPORE HOTEL 10 Eu Tong Sen Street,114 words
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Advertisement127 1985-09-07 8 London stocks on p*g« 14 r—v*i H p Tye Lowiige 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! nappy Hours: spm 7pm, 50% off all drinks127 words
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ASIAN STOCKS
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Article333 1985-09-07 9 HONGKONG: Share prices closed lower yesterday with trading overshadowed by interest rate concerns. Institutional selling moved prices lower from their steady early positions, and the Hang Seng Index finished 17.62 points lower at 1,579.06. Turnover was a relatively light HK5154.54 million compared with $220.28 million on Thursday. HK Land,333 words
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Article241 1985-09-07 9 SfP 06 Al Sncere Indus A no Cement Cathay Cora Chang Hwa Bank Chan loonj Chw Hwn Cement CKno Chem Chino Dev Chra Elect Wire Chro Gutt Plos Chna Rebar Chma Steel HT 3 41 1890 21 90 44 40 1530 21 20 14 35 16.40 10 15 23.50241 words
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Article368 1985-09-07 9 TOKYO: Share prices eased in light trading yesterday for the fourth consecutive day, in spite of a firm start, as a wary mood spread through the market. The market average lost 37.95 to 12,453.85, furthering Thursday's 37.67 loss, after rising 38 yen at one point in the morning. Volume368 words
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Article82 1985-09-07 9 MANILA: Share prices closed generally higher in quiet trading yesterday. The Commercial Industrial Index rose 4.40 to 147.66 and the Mining Index firmed 0.39 to 660.38 while Oils remained steady at 0.803. SEP 06 Pcmn Oneotol B PStex B 0015 0 125 urtch -0 005 Anglo Phi 0001 082 words
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Article367 1985-09-07 9 SYDNEY: Share markets closed firmer yesterday, buoyed by institutions' large cash holdings and investor reluctance to sell. Near the close of trading, the All Ordinaries Index had gained 5.1 points to 943.9 and the All Industrials 11 to 1383.4. The Gold Index fell 6.2 to 1044.7 while the All367 words
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Article93 1985-09-07 9 Sep 06 Won Hyundai Const ttW +1 Hyundai Motor 876 -12 Bonk Seoul 680 KAL 428 2 Choheung Bk 640 -5 Korea First 700 5 Con*nerc>ol Bk 700 -1 Yukong 1336 -t-5 Doehm Ind 470 2 Korea Ship 415 3 Daewoo Corp 485 11 Lucky Ltd 615 4 Daewoo93 words
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Article147 1985-09-07 9 BANGKOK: Stock prices closed mixed in moderate trading yesterday. The Book Club Index rose 0.86 point to 135.61 as declines led advances by a slim margin. Turnover was 317,408 shares worth 64.9 million baht. SEP 06 Mm Stam Cfnwit 571 -4 Sam Ouen 75 -2 S«m Cj«v 506 -2147 words
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Article52 1985-09-07 9 Reuter PACIFIC Telesis Group Inc has agreed to explore business development opportunities in the telecommunications area in India with Intelligent Communications Networks Inc and Telecommunications Consultants India Ltd. Areas of exploration will include marketing, customer training and servicing and applications engineering for data communications and office automationReuter - 52 words
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364 1985-09-07 9 Reuter HONGKONG LAND Co Ltd has cut its debt to HK$lO.7 billion from a 1984 peak of $14.8 billion and hopes to resume normal dividend payments this year. Managing director David Davies, speaking after the announcement of HK Land's interim results, declined to quantifyReuter - 364 words
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156 1985-09-07 9 Reuter CHEUNG LABORATORIES Inc has entered into a multi-million dollar financing business development agreement with Soon Lim Ltd of Hongkong. The deal consists of two phases. The first covers stock purchase and research and development financing and the other provides for FarReuter - 156 words
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349 1985-09-07 9 Reuter SOUTH KOREA'S Hyundai Motor Co is preparing to enter the US car market late this year or early 1986. According to company officials, it hopes apply some of the ideas it used successfully to launch sales in CanadaReuter - 349 words
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Advertisement518 1985-09-07 9 w WV* m iF.fi iSZS -ysr^ L Level 4 Tap to the beat of The Sweet Melody or enjoy the tingling sounds of solo pianist, Tony Chan while you relax in the cool and tranquil atmosphereHappy Hours: spm to Bpm 20% discount off all Bottle Sales 1 drink on the518 words
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Advertisement143 1985-09-07 9 let's booze to the musicii c H 3 4m <* 'J te it HAPPY HOURS: spm 7pm daily It's a real happy time 1 Just buy a drink and get the second FREE. Live entertainment too! ixAngs Hot nock or favourite contemporaries, this popular all-gtris, Six Angels Band, plays and143 words
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COMPANY NEWS
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849 1985-09-07 10 u FT THE HONGKONG stock market has stood out as the most lucrative equity market anywhere in the world during the past year. Obviously, there were extraordinary circumstances underlying an improvement on such a scale. For one thing, the successful completion of negotiationsFT - 849 words
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486 1985-09-07 10 Reuter ELDERS DCL LTD of Australia has to raise its offer to about 320p in cash per share if it hopes to win its battle for Allied-Lyons PLC, according to share market analysts in London. They were commenting on theReuter - 486 words
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529 1985-09-07 10 THE MALAYSIAN stock market is bearish because of a crisis of confidence in the country, Malaysian Finance Minister Daim Zainuddin said in an interview with South magazine. "We have the Malaysian Chinese Association problem which is not solved, and then the uncertainty529 words
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Article852 1985-09-07 10 Current Ex Books Dote Totol for Total for payment dote close poyobie the yeor tost yeor A B N 13%l Aug 19 NYA NYA 13% 26% Alex HIdgs 6%(b) Sep 6 Sep 13 Sep 28 6% 6% Ambassador 7' i %(b) Jun 24 Jul 1 Sep 16 7'*%852 words
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Article, Illustration595 1985-09-07 12 NAJEEB JARHOM - Tumble Tots centres to be set up at Leisure-Drome By NAJEEB JARHOM JACK CHIA-MPH Ltd has decided to postpone its chairman's pet project, a $6 million indoor sports complex in Kallang, because of the depressed state of the Singapore market. This was disclosed by595 words
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Article2960 1985-09-07 12 INDUSTRIALS AMD (4 28S) (3) 3 94 (I) 3 96 (7) 3 98 (3) 4 00 (3) 4 04 (14) 4 10 (6) 4.12 (7) 4 14 (1) 4 16 (1) 4 18 (15) 4 18 (43) 4 20 (29) 4 22 (3) 4 242,960 words
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Article166 1985-09-07 12 MALAYSIA AICA Berhad: 16th AGM at Rasa Sayang Hotel, Batu Ferringhi, Penang on Thursday, Sep 12, at 11 am. PERUSAHAAN PELANGI Berhad: 12th AGM at Bilik Sri Panti, Mezzanine Floor, Holiday Inn, Jalan Dato' Sulaiman, Johore Baharu, Johore on Friday, Sep 13, at 10 am. SELANGOR DREDGING Berhad:166 words
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491 1985-09-07 12 AMY CHEOK - By AMY CHEOK UNITED Industrial Corporation Ltd has become the first known major landlord in the private sector to pass on the 30 per cent property tax rebate to its tenants at UIC Building. The publicly-listed company said yesterday it491 words
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269 1985-09-07 12 PRIMA LTD is making its first move into China. The company has taken up a 20 per cent stake in a US$5 million joint venture company with China's Yantai Cereals Oil Foodstuff Industrial Corporation. The joint venture company, Xinyan Foods Company Ltd, will269 words
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Article81 1985-09-07 12 MALAYSIAN Containers (1974) Bhd is proposing to change its name to MCB Holdings Bhd. It is also seeking shareholders approval to raise the authorised capital to M$100 million from $9 million by the creation of an additional 182 million shares of 5Ctcents each. TAIPING Consolidated Bhd has postponed81 words
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Article260 1985-09-07 12 Monogers' prices for Sep 7 9 Singapore Unit Trust The Commerce 1 65 1 75 The Savings Fund 134 1 42 S'pore Prog Fund 0 74 078 S'pore Sec Fund 1 04 *1 10 S'pore Invest Fund 0 77 0 82 S'pore Equity Fund 0 74 078 Asia260 words
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571 1985-09-07 12 THE KUALA LUMPUR stock market put up an impressive performance yesterday with share prices closing sharply higher, albeit off-best, in active trading. Buyers centred their interest on speculative stocks which recorded moderate to substantial gains. Index component counters were thinly traded but they also571 words
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Article1064 1985-09-07 12 EQUITIES closed firm yesterday after a mixed opening on the back of speculative demand, but volume was low. At 3.30pm, the FTSE 100 was up 10.3 points at 1,332.3. Major dollar earners were helped by the firmness of the currency with ICI gaining 17p to 694, Jaguar 8p1,064 words
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Page 10 Advertisements
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Advertisement285 1985-09-07 10 MCE tower HOLIDAY PLAZA JOHOR BAHRU n m w mm I S¥. '&Jk > w ■1 ,V m. v w. V Ve're more than an office tower. Our office tenants enjoy a wide selection of goods and services at their doorsteps. The Office Tower is a part of our hotel-shopping-office285 words
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Article, Illustration4274 1985-09-07 11 THOUGH TRADING on the Singapore stock market picked up as the day wore on yesterday, prices of both index stocks and speculative counters closed mixed. The Straits Times Industrial Index edged up 0.60 point to 753.69 while the BT Composite Index finished 0.82 higher4,274 words
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Article247 1985-09-07 11 L J SINGAPORE Rises Indices S»«|1 lim m« Omm Hap Stl fMk HM Apafta Hm H«H| 0 S Fi *ot» Lntaaf 0«H Da. hrt Wood m r hum m Km)N»< JWwf Em 50« Gild Corp TOM srn 620 448 200 185 40 30 22 19 IT Compout*247 words
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Article4060 1985-09-07 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. SECTION ONE INDUSTRIAL COMMERCIAL Acmo (1075) (2) 107 (2) 14,060 words
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Advertisement11 1985-09-07 11 KL market report, Business done on the KLSE See page 1211 words
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RAW MATERIALS
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Article151 1985-09-07 13 Chinese Produce Exchange (Sellers' noon dosing prices on Robusta 20/25% FOB NSW 440 00 Nutmeg S«p 6 (SS/100 kg). 110 FOB NSW E&W FOB NSW 479 00 ***** Coconut oil Bulk FOB 80 00 Gombier Old drum FOB 9300 FOB NSW 330 00 New drum FOB 97 00151 words
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Article282 1985-09-07 13 Singapore C-l Ord unq (SS/kilo, ei-godown) Loonzain Rice Frogront new crop ic< n 7ft 100% 1st grade 100% 2nd grade 23 2nd 056 100% 3rd grade unq 3rd 054 Porboiled Rice New Crop no stock 5% 215 210 25% 10% 10% no stock Thai Broken Maize unq A-super Special282 words
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Article106 1985-09-07 13 THE PRICE OF TIN fell nine cents to M53t.34 per kg on the KLTM to reflect fall In the value of sterling ftgftlnst the ringgit ftnd continued lftck of denuuid. The ITC buffer stock manager maintained strong support in the absence of overseas interest and absorbed a substantial106 words
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Article175 1985-09-07 13 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,450 Blue Phoenix 20's 2,500 Blue Phoenix 32's 2,900 Blue Phoenix 40's 3,330 Carded yarn, hank Blue Phoenix 21's 2,750 Combed yarn, cones Blue Phoenix 32's 4,100 Blue Phoenix 40's 4,300 Open-end yarn Blue175 words
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Article859 1985-09-07 13 COFFEE Robusta futures pared gains to midday yesterday at up £31 to £21 a tonne from Thursday night's close, pulled off early highs by light profit-taking and slightly firmer sterling. Initially, the market rose following a firmer New York, but was hesitant to rise further in spite of859 words
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Article221 1985-09-07 13 SINGAPORE The market closed higher yesterday with September One RSS buyers quoted at 165.25 cents per kg, up 1.25 cent from Thursday. The morning session gained one cent on shortcovering of nearby positions in moderate trading. Prices hovered narrowly in quiet afternoon on lack of interest. MALAYSIA Some expiring221 words
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Article102 1985-09-07 13 (cents/kg, 1-ton points) $£py OCT 85 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 135 00 I37 00N 136 00 I38 00N SSR 50 133 00 I35 00N 134 00 136 00N MRELB Buyers Sellers Buyers Sellers SMR CV 176 50 178102 words
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Article358 1985-09-07 13 RAS prices in S cents/kg, FOB in bole* NOON CLOSE Buyer* Seller* Buyer* Seller* Int 1 RSS Prompt 165 50 166 50N 165 25 166 25N Int 1 RSS Sept 85 165 50 166 00 165 25 165 75 Int 1 RSS Oct 85 165 50 166358 words
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Article170 1985-09-07 13 MALAYSIAN crude palm oil prices closed lower yesterday on short selling and a reserve of buyers, pressured by weaker Chicago soyoil futures and purchases of Indonesian origin by Pakistan and India. News that Indonesia would export 30,000 tonnes of crude palm oil a month up to December also170 words
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Article112 1985-09-07 13 SOYBEAN futures on the Chicago Board of Trade ranged from down l 3 to up 1 US cent in light midsession trade on Thursday. November traded in a narrow 3 3/ 4 cent range. The narrow price range reflected trade uncertainty over whether the November contract would dip below112 words
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Article126 1985-09-07 13 WHEAT futures on the Chicago Board of Trade were mostly lower in fairly active mid-session trade on Thursday, ranging from off 3 3 4 US cents a bushel in December to up 1 cent in distant July. December was near the bottom of a 5 3 4-cent range. Algeria's126 words
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607 1985-09-07 13 Kyodo THE UNITED STATES is pressing Japan to lower its tariff on imported plywood quickly, but even when the cut goes into effect, it is unlikely to do much good for US plywood exporters. "Benefiting from the US efforts willKyodo - 607 words
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131 1985-09-07 13 Reuter P T DJAMBI WARAS of Indonesia has signed a contract to sell Chemie Export Import of East Germany 500 tonnes of crumb rubber. In a dispatch from Leipzig, Indonesia's official Antara news agency said the contract had provisions to sell possibly a furtherReuter - 131 words
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268 1985-09-07 13 Reuter CHINA'S trade imbalance with Japan could be rectified if Japan bought more non-ferrous metals from China. According to Huang Jichun, the deputy managing director of the China National Nonferrous Metals Corporation (CNNC), China was ready to export tungsten, tin, molybdenum, antimony andReuter - 268 words
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127 1985-09-07 13 Reuter PHILIPPINE flour millers are opposing a government directive which virtually stripped them of their right to import wheat for making flour. The Philippine Association of Flour Millers Inc had asked Prime Minister Virata to help solve the issue which stemmed from a presidentialReuter - 127 words
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Advertisement108 1985-09-07 13 SWSS m Keep a date with Sevvy Ballesteros in "Play Golf the Sevvy Way every Tuesday in BT BT is not all hard core business and financial news. We take "Time-Off and "Sports" rather seriously too. Our writers comb the sporting arena to furnish two lively pages with the latest108 words
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404 1985-09-07 14 LUCY NG - Work permit holders reduced by 26pc By LUCY NG NEARLY 40,000 foreign workers have been sent home from Singapore in the past year, Second Deputy Prime Minister Ong Teng Cheong revealed yesterday. It is not known whether the figure refers to only work permit404 words
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Article, Illustration285 1985-09-07 14 WORKERS were yesterday warned by Second Deputy Prime Minister Ong Teng Cheong not to seek the help of opposition MP Mr J B Jeyaretnam in negotiations with management. Mr Ong, who is also the secretary-general of the National Trades Union Congress, said that three unionists285 words
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382 1985-09-07 14 Reuter, AP SOUTH AFRICA'S top banker said yesterday that his country needed no extra foreign cash at present to cope with its economic crisis. "We do not need more money at this stage. It's a question of slowing down theReuter,; AP - 382 words
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204 1985-09-07 14 Reuter WEST GERMAN BANKS, a major source of finance for strifetorn South Africa, may be forced to reschedule loans as demanded by Pretoria despite mounting protests from shareholders and anti-apartheid groups, according to banking sources. Commercial bankers believe their exposure the amount ofReuter - 204 words
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183 1985-09-07 14 CHINA yesterday announced the appointments of five new government ministers as paramount leader Deng Xiaoping forged ahead with a bold campaign to promote young technocrats who support his economic and social reforms. The new appointees, aged between 47 and 59, brought to 13 the number183 words
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Article, Illustration49 1985-09-07 14 Soldiers preparing on Thursday for yesterday's launch of Britain's biggest military exercise in four decades to test its home defences against the threat of a Soviet commando incursion. Code-named "Brave Defender", the exercise will involve 65,000 troops, including 1,000 US soldiers serving in Britain.49 words
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215 1985-09-07 14 Reuter MORE THAN HALF of Punjab's election candidates withdrew their nominations as authorities stepped up a hunt for extremists trying to disrupt polling. The United News of India (UNI) said yesterday that of the 2,237 nominations for the Sep 25 election, only 922 wereReuter - 215 words
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Article107 1985-09-07 14 Reuter. NAPOLEON's field glasses used at the Battle of Austerlitz have been stolen by thieves who broke into a chateau in Brittany last Thursday and escaped with valuables worth more than US$ll5,OOO, police said yesterday. They also stole hair from Louis XVl's horses from the 15thReuter. - 107 words
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254 1985-09-07 14 Reports of Saudi price cut send jitters through oil world Reuter UNCONFIRMED REPORTS that Saudi Arabia plans to sell its oil at free-market-related prices have sent shivers through the oil world, which fears a sharp decline in all crude prices. Prices have already fallen on the European spot market andReuter - 254 words
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306 1985-09-07 14 RICHARD SEAH - By RICHARD SEAH A PILING COMPANY in which United Engineers Ltd has a major stake was yesterday ordered wound-up by the High Court. The UE Project Group, formerly known as Franki Piling, leaves behind 23 creditors with claims amounting to $1.74 million.306 words
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443 1985-09-07 14 A CAMOUFLAGED relationship between United Engineers Ltd and The UE Project Group Pte Ltd has finally been brought to light. BT found out yesterday that UEL still holds 2.9 million shares more than 48 per cent of the six million issued shares in443 words
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Article106 1985-09-07 14 Reuter COMEX GOLD FUTURES fell to their lows for the week yesterday on selling pressure in the morning stemming from a strong dollar. Professional buying kept the fall in check. Gold for December delivery reached a low of U*****.00 an ounce before coming back to $322.60,Reuter - 106 words
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Article64 1985-09-07 14 Reuter THE US stock market was higher at midmorning yesterday, spurred by a report that US civilian unemployment fell to 7 per cent last month from 7.3 per cent. The Dow Jones industrial average, which had been sagging all week, was up six points to 1332. AdvancesReuter - 64 words
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LATE FILE
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Article33 1985-09-07 14 AP THE TAIWANESE quasigovernment United World Chinese Commercial Bank yesterday took control of the privately-owned Overseas Trust Corp, which ran into trouble in connection with Taiwan's worst financial scandal. APAP - 33 words
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Article47 1985-09-07 14 AP JAPAN AIR LINES has settled compensation out of court for the family of an Indian couple who died when a jumbo jet crashed last month, killing 520 people, an airline spokesman said yesterday. The amount of the compensation was not disclosed. APAP - 47 words
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Article47 1985-09-07 14 Reuter SOUTH KOREA is selling colour television sets in Canada at fair market prices and is not dumping them, trade ministry officials said. They were commenting on reports that Canadian officials had started an antidumping investigation in response to complaints from Canadian manufacturers.Reuter - 47 words
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Article59 1985-09-07 14 AP ABOUT 25,600 company workers in Indonesia have been laid off so far this year because of the country's recent economic slump. The Labour Ministry said yesterday that the number might go up further before the end of this year but added that it was confident thatAP - 59 words
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56 1985-09-07 14 Reuter CHINA'S open-door economic policy may pose a threat to Taiwan's economy in the coming years. A Taiwanese government report said the reforms had had little impact so far, but the opening of 14 Chinese coastal cities and increasing foreign investment eventually might drawReuter - 56 words
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Article40 1985-09-07 14 AFP THE SOVIET UNION has 135 SS2O missiles pointed at Asia and its army might, through pro-Soviet Indochina, pose a major threat to non-communist South-east Asian countries, said Thailand's top security chief Prasong Sonsiri yesterday.AFP - 40 words
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Article33 1985-09-07 14 UPI LEADING American and Japanese electronics industry organisations announced yesterday that they would form a working committee to help boost imports of USmade electronic products to Japan. UPIUPI - 33 words
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Article33 1985-09-07 14 Reuter CAMBODIAN guerillas have killed nine Vietnamese troops and wounded more than 10 in fighting near the Thai border over the past two days, Thai military officers said yesterday.Reuter - 33 words
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Article31 1985-09-07 14 AP DISCIPLINARY measures have been taken against 560 police officers as part of an ongoing nation-wide campaign to improve order in Indonesia's streets and highways, police said yesterday.AP - 31 words
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Advertisement35 1985-09-07 14 nOHLi BUSINESSMAN OF THE YEAR Jointly organised by Business Times and Dill. International (S) Pte l.td PLAY GOLF THE, SEW V \V\i Tighten-up your game Let Sevvy Ballesteros show you how In BT every Tuesday.35 words
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Advertisement0 1985-09-07 14 ="}+&@$.~/[@,${|??@\|{}-).=~_<"0 words
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Advertisement8 1985-09-07 14 Deng delegates most of his dutios, Page 48 words
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Advertisement43 1985-09-07 14 aE a Union Bank of Switzerland RELOCATION NOTICE As from 9 September. 1985, our branch will be located at: 50 Raffles Place; 38-01 Shell Tower Singapore 0104 with the Private Banking Department at #37-01. Our telephone and telex numbers will remain unchanged as:43 words
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Page 14 Miscellaneous
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Miscellaneous57 1985-09-07 14 wmnm Outlook for today: Fair except for showers in o few areas in the afternoon. Report for 24 hours prior to 7.30pm on Sep 6 at the airport: Maximum temperature 31.9 Associated humidity 60 Minimum temperature 25.9 Associated humidity 86 Hours of sunshine 9.60 Rainfall in millimetres nil Rainfall this57 words
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