The Business Times, 14 September 1985
1985-09-14
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The Business Times
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Title Section12 1985-09-14 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, SEPTEMBER 14, IMS 60 CENTS12 words
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Article307 1985-09-14 1 SOH TIANG KENG - By SOH TIANG KENG, Financial Correspondent THE FLOW OF. FUNDS into the Post Office Savings Bank crossed the $1 billion mark for the first time in July. The gross amount deposited for the month was $1,006 billion, up from $801 million in June, and 34.9307 words
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Article471 1985-09-14 1 CHUANG PECK MING - Lower and middle income Malay families are biggest potential source By CHUANG PECK MING SAVINGS of lower and middle income Malay families are expected to provide the bulk of the finance for the proposed trust fund to meet the investment needs of Singapore's MalayMuslim community. This471 words
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Article, Illustration519 1985-09-14 1 NO AMOUNT of assistance would help businesses, Malay or otherwise, that were unwilling to adapt to the new economic conditions, Brigadier-General (Res) Lee Hsien Loo rig told the Singapore Malay /Muslim Economic Conference last night. Speaking on the same day that new plans for aiding519 words
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Article67 1985-09-14 1 Reuter THE HANG LUNG BANK reported a net loss of HK$l23 million for the year ended March 31, 1965, compared with a loss of $352 million in the previous year. The Hongkong government said there had been steady growth in the bank's business and thatReuter - 67 words
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Article58 1985-09-14 1 Reuter US RETAIL SALES increased US$2.2 billion or 1.9 per cent in August to a seasonally adjusted $116.1 billion. The US Commerce Department said yesterday that July retail sales rose $182 million or 0.2 per cent to an adjusted $113.91 billion. It had previously putReuter - 58 words
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253 1985-09-14 1 Reuter INDONESIAN Mines and Energy Minister Subroto said yesterday that present oil market conditions did not justify an increase in Opec's overall production quota at a meeting in Vienna on Oct 3. He said: "Right now, I think we have not seenReuter - 253 words
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Article, Illustration91 1985-09-14 1 a me An OF the KLSE hatlday aa Maaday tor the Ant day af the Islamic New Tear, Malaysia! stocks were traded actively «a the Stagapare stock market yesterday. little interest was *ewa la lades stocks ar ather big At the ctoae, the Straits Times ladastrial Index was91 words
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333 1985-09-14 1 SINGAPORE Fujitec Elevator Corporation has won its biggest business deal worth $180 million to manufacture and install lifts in Housing and Development Board estates. The company was awarded a contract to supply 2,500 lifts early this month and is expected to win333 words
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Article, Illustration259 1985-09-14 1 MANO SABNANI - By MANO SABNANI THE SO-STRONG Singapore delegation to China arrived yesterday in Shanghai, one of China's most populous and modern cities. The reception at the airport for Prime Minister Lee Kuan Yew and the other senior officials accompanying him was simple. On259 words
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Page 1 Advertisements
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Advertisement216 1985-09-14 1 International Conference on OIL TRADING ACTIVITIES and OPPORTUNITIES In Asia Pacific Basin 16-18 Sept Hyatt Regency S pore Supported by; S pore Economic Development Board S'pore Trade Development Board Organised by: INTERFAMA EXHIBITIONS PTE LTD ftj ParttwovC«n» #lCW>3,o6 m *****00 T«M> RS mm WSMA THE CLUB THAT STANDS IN A216 words
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Advertisement297 1985-09-14 1 \mm SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS SHIPS IN PORT TV RADIO fit OUR VIEW IT WASN'T so long ago that when Man was healthy, it was because he did what came naturally. Now good health is on the market, just like consumer durables, and what was once free297 words
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Advertisement0 1985-09-14 1 &~|=_/"|)`>%/\!!{)/"/>;($;<]!;|0 words
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Advertisement161 1985-09-14 1 earn water eHI asia"B6 International Water Technology Exhibition Conference. 27 February 2 March 1986 World Trade Centre S pore INTERPAMA EXHIBITIONS PTE LTD 1 Matn»ParoO»C«nlK*. Shgapow 1544 t« J*****0 T«Mk W 24W0 Chambers the best attain Chamber l)kti< )ii«ii\ Chambers 20th Century Dictionary One of the world's best known dictionaries.161 words
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HOME NEWS
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506 1985-09-14 2 LUCY NG - Waste disposal collectors complain to ministry By LUCY NG A GROUP OF waste disposal companies is complaining that recent changes in dumping charges levied by the Ministry of the Environment are discouraging mechanisation of the industry. Ten of the companies have joined forces to506 words
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145 1985-09-14 2 INCREASED COOPERATION between the police and the public, stronger crime prevention measures and more neighbourhood watch groups were yesterday put forward as major factors that would contribute to the fight against crime. Mr S Jayakumar, the Minister for Home Affairs and Second145 words
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Article58 1985-09-14 2 DIPLOMATS scrapping their cars for replacement must pay the customs duties on the second car but are exempted from road taxes and registration fees. Clarifying a BT report on Aug 31, a Ministry of Foreign Affairs spokesman said diplomats have always been exempted from paying road tax and58 words
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Article, Illustration478 1985-09-14 2 LIM SOON NEO - By LIM SOON NEO THE COST of the Mass Rapid Transit system under construction at the end of March this year was $348.1 million, according to the MRT Corporation's 1965 annual report. The bulk of this was construction costs amounting478 words
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346 1985-09-14 2 FRANCE will be told that the current economic slowdown in Singapore is only temporary and should not lead to undue concern among businessmen, said the French Speaker of the Senate's Commission of Finance and Economy, Mr Maurice Blin. Mr Blin, with the French Ambassador346 words
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Article174 1985-09-14 2 A PETITION to wind up Castles Fitness Systems Consultancy Pte Ltd was dismissed in the High Court yesterday. The winding-up petition was filed on July 25 by Hydra Fitness Equipment Ltd, a Canadian company. Castles Fitness Systems Consultancy is the holding company, owned by Mr Raymond Ho174 words
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Article90 1985-09-14 2 A CLUB to inculcate good work attitudes in children has been formed by the National Productivity Board. The Teamy Club for children between six and 12 years old will be launched tomorrow at the Shangri-La Hotel. About 250 children have indicated their interest in joining.90 words
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Article863 1985-09-14 2 AT CONVENTIONAL WHARVES VmmI Barth Arrival Dapartura KEPPEL WHARVES Alkindi K27 alongside 14.9/0600 Belait K25E alongside 14.9/0600 Equator 4 K22 alongside 14.9/0700 Global Mas K30 alongside 14.9/0300 G Selatan-8 K18 alongside 14.9/2300 Jenson K23 alongside 14.9/2200 Jumpa K17 alongside 14.9/1500 Makmur K25W alongside 14.9/2300 Straits Pride K24E863 words
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Article, Illustration555 1985-09-14 2 YAP BOH HOON - By YAP BOH HOON CASHLESS PAYPHONES will go on a year-long trial at 46 locations from Monday. Magnetic cards with values of $2, $5 and $10 are needed to operate the payphones. The cards are inserted into the card slot555 words
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233 1985-09-14 2 THE HOUSING and Development Board's commercial premises are enjoying close to full occupancy rates. HDB said yesterday that at least 95 per cent of its more than 13,000 shops and industrial units in the various housing estates are occupied. This compares with an233 words
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OVERSEAS
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503 1985-09-14 3 NYT DAN ROSTENKOWSKI, the chairman of the House Ways and Means Committee, said on Thursday in Washington that the Administration's plan to draft new trade legislation with Republican Congressional leaders would not stop his panel from writing bills to curb textile im-NYT - 503 words
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203 1985-09-14 3 AFP FRENCH AUTHORITIES are turning back an increasing number of Chinese immigrants destined for Paris's clandestine clothing manufacturers. This week alone 30 had been sent home. Police said the 30 arrived by air at Roissy International Airport, north of Paris. They showed passportsAFP - 203 words
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547 1985-09-14 3 UPI WORLD military spending will total US$944 billion this year as the US and Soviet Union reduce their share of the world's arms market. A US State Department survey of military arms programmes in 145 countries over the last decadeUPI - 547 words
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251 1985-09-14 3 Reuter THE BOARD of Intelsat, the world satellite consortium, has approved economic criteria for new satellites which could block competition from proposed private US satellites. An Intelsat official said yesterday that the US delegation did not concur in the action on the criteria, to beReuter - 251 words
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Article575 1985-09-14 3 Debate over Washington-Beijing nuclear cooperation AP US-CHINA nuclear cooperation holds financial and diplomatic promise to America, the Reagan administration told Congress on Thursday, but critics saw dangers in it. Administration officials testified that the accord could bring a multi-billion-dollar bonanza in sales of American power reactorAP - 575 words
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Article, Illustration34 1985-09-14 3 SPRINGS INDUSTRIES, one of America's biggest textile manufacturers, has dressed up its New York headquarters in a bikini to dramatise the company's commitment in its fight against textile trade imports.34 words
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291 1985-09-14 3 UPI CLOTHING manufacturers and workers, taking advantage of the surge of protectionist sentiment in Congress, have urged a Senate panel to save their businesses and jobs from a flood of low-priced textile imports. "The international trading system is not functioning properly. Our government hasUPI - 291 words
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Article108 1985-09-14 3 AP COCA-COLA Co has pledged US$5 million to the US textile and apparel industry's "BuyAmerican" campaign, but a Coke spokesman says the donation is not penance for its line of foreign-made clothing. In August, after an uproar over its line of imported apparel, Coke promisedAP - 108 words
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300 1985-09-14 3 AP RABBI MEIR KAHANE, an anti-Arab extremist member of the Israeli Knesset, said that Israel was an economic "basket case" (hospital case) that would be better off without US economic aid. The American-born Kahane, founder of the militant Jewish Defence League,AP - 300 words
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274 1985-09-14 3 AP STEEL PRODUCTION in Western industrialised countries is expected to drop 2 per cent this year, while world steel consumption, on the recovery, is expected to flatten out. Latest figures released by the Organisation for Economic Cooperation and Development show that, after rising 9.3AP - 274 words
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Article118 1985-09-14 3 Reuter SPAIN is to reduce taxes on lower incomes and limit tax deductions on higher incomes through a reform that would cut state revenue by 150 billion pesetas, Finance Minister Carlos Solchaga said. The reforms, to be put to Parliament, will reduce taxes by upReuter - 118 words
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159 1985-09-14 3 Reuter THE SOVIET CONSULATE in San Francisco intercepts hundreds of telephone calls as part of the KGB's efforts to recruit Americans as spies, according to John Barrone of the Federal Bureau of Investigation (FBI). Mr Barrone told jurors in the six-week-old trial ofReuter - 159 words
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Article724 1985-09-14 3 ARRIVALS Operator Service Local From number time PAA PA2I 0020 LAX/TYO/ HKG sv SV379 0115 SEL CAL CI333 0130 TPE GIA GA7I12 0350 HLP SIA SQ4I 0535 MAA MK MK746 0755 MRU CV CV796 0815 LUX/DXB MAS MH68I 0820 KUL KAL KE624 0840 KUL MAS MH603 0905724 words
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493 1985-09-14 4 AFP SECURITY AT AMERICAN military bases in the Philippines was so poor that a band of armed New People's Army guerillas was recently found camping inside the security perimeter of Subic Bay naval base not far from an ammunition depot, said Senate investigatorsAFP - 493 words
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Article325 1985-09-14 4 Reuter A PROMINENT Philippine opposition leader has called on the US to freeze economic aid to his country until President Ferdinand Marcos implements fundamental reforms. "The money should be disbursed only on receipt of the goods," Jaime Ongpin told an audience of administration officials,Reuter - 325 words
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Article209 1985-09-14 4 AFP THE PHILIPPINE government is willing to negotiate with Muslim guerillas to end a bloody rebellion in the Southern Philippines, but only if the three main rebel factions close ranks, according to a Cabinet minister. In a speech read at a staterun university inAFP - 209 words
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212 1985-09-14 4 Reuter BEIJING AIRPORT has improved its refuelling system and begun regular tests after foreign airlines complained of impurities in fuel taken from the airport, according to the New China news agency. The agency said on Thursday that the airport hadReuter - 212 words
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131 1985-09-14 4 AFP HONGKONG's Beijing-backed infant airline, Dragonair, suffered another setback as the colony's Civil Aviation Department (CAD) rejected, for a second time, its China-bound charter flight applications. A CAD statement on Thursday said that it would be "premature" to approve Dragonair's charterAFP - 131 words
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Article, Illustration425 1985-09-14 4 UPI SON SANN, the head of the Khmer People's National Liberation Front, said in Washington on Thursday that military aid was needed to help combat the "Vietnamisation and colonisation of Cambodia" and end the untold suffering of its citizens. Mr Sann accusedUPI - 425 words
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253 1985-09-14 4 AFP MORE FOOD SHORTAGES in Cambodia are anticipated during the current monsoon season and rice harvest. The Phnom Penh News Agency (SPK) also said in a dispatch monitored in Bangkok that a ministerial meeting chaired late last week by Hanoi-backed Cambodian Premier Hun Sen inAFP - 253 words
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Page 3 Advertisements
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Advertisement8 1985-09-14 3 Ln Fmi Am's *****P fastest Daily to NewYfork.8 words
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Page 3 Miscellaneous
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Miscellaneous34 1985-09-14 3 OKAY, HBf<S we. 60! UH, one .WO, RONNIB STAMPS FOR PSACB! BY GARRY TRUDEAU I MET WW BISHOP ~fUTO UJH6N HSGOT THAT BI6AMARP! 71 9 IS£ m a imm. J r H I* ■EL34 words
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RAW MATERIALS
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Article148 1985-09-14 4 Chinese Produce Exchange (Sellers' noon closing prices on Sep 13 (S$/100 kg). Coconut oil Bulk FOB 80 00 Old drum FOB 93 00 New drum FOB 97.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gambier FOB NSW 440 00 419.00 338 00 330 00148 words
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Article289 1985-09-14 4 Singapore C-1 Ord unq (S$/kilo, «*-g<xJown) Loonzain Rice Frogront new crop 100% 1st grade unq 1st 0.78 100% 2nd grade 215 2nd 056 100% 3rd grade unq 3rd New Crop 0.54 Parboiled Rice 215 25% no stock. 5% 10% no stock 10% 210 Thai Broken Maize unq A-super 0.54289 words
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Article105 1985-09-14 4 THE Koala Lumpur Tin Market (KLTM) price rose 15 cents to M 529.82 per kg following steadier sentiment in London and sterling's rise against the ringgit. The International Tin Council (ITC) buffer stock manager took abont IS per cent of the offering of IN tonnes, down from 113105 words
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Article180 1985-09-14 4 Yarn (In HK$ 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 Blue180 words
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Article195 1985-09-14 4 SINGAPORE The market closed quietly higher yesterday with October One RSS buyers quoted at 166.25 cents a kg, up one cent from Thursday. The morning session gained 1.25 cents on weekend covering of nearby positions in quiet trading. MALAYSIA China and Inro's buffer stock manager helped the market to195 words
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Article367 1985-09-14 4 RAS prices in S cents/kg, FOB m boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt ***** 166 OON 166 00 167 OON tnt 1 RSS Oct 85 165 50 166 00 166 25 166 75 Int 1 RSS Nov 85 164 75 165 25367 words
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Article153 1985-09-14 4 MALAYSIAN crude palm oil prices continued their slide yesterday to close at the day's lows on further selling and buyer reserve, prompted by weaker Chicago soyoil futures and India's passing on its vegetable oil tender on Thursday night. Trading was thin as operators were reluctant to take up153 words
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Article133 1985-09-14 4 SOYBEAN futures on the Chicago Board of Trade closed mostly higher on Thursday, ranging from up 3 Vi US cents a bushel in spot September to off 2Vk cents in distant November. Nearby November ended near the top of a 7Vi<ent range. CAD Commodities was a net buyer of133 words
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Article136 1985-09-14 4 WHEAT futures on the Chicago Board of Trade closed V/j to 5 v 4 US cents a bushel higher on Thursday. December ended near the top of a six-cent range. The small gains in com and soybean futures, in spite of Thursday's bearishly construed US Department of Agriculture production136 words
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Article110 1985-09-14 4 (cents/kg, 1-ton pollers) oct 85 NOV 85 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 136 00 I38 00N 137 00 139 OON SSR 50 134 00 136 OON 135 00 137 OON MRELB Buyers Sellers Buyers Sellers SMR CV 179 50110 words
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Article752 1985-09-14 4 COFFEE Robusta futures closed £9 to £13 a tonne lower in thin dull trading on Thursday, depressed by a late firming of sterling. November last traded at £1,666, down from Wednesday night's £1,679 close and £2 above the lows of a £33range. September ended at £1,625, down £12.752 words
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BANKING AND FINANCE
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518 1985-09-14 5 NYT INTEREST RATES in the US rose modestly on Thursday as an improvement in the economy and a rapid money supply growth continued to discourage purchases of notes and bonds by investors and speculators. The $1.4 billion rise in the nation's M-lNYT - 518 words
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328 1985-09-14 5 FT DHJSON FUNARO, the new Brazilian Finance Minister, is to travel to Washington tomorrow in an attempt to persuade the International Monetary Fund to ease significantly the domestic adjustment programme being demanded of Brazil. Instead of concentrating the entire adjustment effort requiredFT - 328 words
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Article95 1985-09-14 5 Reuter LEADERS of Brazil's 700,000 bank workers accepted a 91 per cent pay rise and voted to end a two-day illegal strike which closed most of the country's banks, union officials said. About 420,000 employees in Rio de Janeiro and Sao Paulo returned to work yesterday.Reuter - 95 words
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214 1985-09-14 5 AP BRITAIN is preparing to offer special low-interest loans to foreign countries to help British companies win large overseas orders, according to the Department of Trade and Industry. The decision, which came on Thursday, represented a change of heart by Prime Minister MargaretAP - 214 words
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Article70 1985-09-14 5 Reuter THE PHILIPPINES has signed a US$3l million loan restructuring agreement with Spain. The agreement covers US$l2.3 million in arrears which fell due last Dec 31, and 18.7 million due this year and in the first six months of next year. The loans will be spreadReuter - 70 words
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515 1985-09-14 5 NYT THE WORLD BANK is going ahead with a scheme to set up a new agency to promote foreign investment in developing countries by providing coverage for political risks. The move comes at a time when the volume of foreign investment inNYT - 515 words
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Article206 1985-09-14 5 AFP THANKS to an investment boom in stock, bond and trust dealings, all of Japan's "big four" securities houses are expecting record profits in the current business year, ending Sep 30. Industry sources in Japan said on Thursday most medi-um-sized securities firms are also expected toAFP - 206 words
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190 1985-09-14 5 Reuter A HONGKONG BANK owned by the Overseas Trust Bank (OTB), which was saved from collapse by a government takeover in June, said it had big losses linked to its once-troubled parent company. Officials of the Hongkong Industrial and Commercial Bank (HICB) saidReuter - 190 words
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138 1985-09-14 5 OVERSEA-CHINESE Banking Corporation will open its 30th Singapore branch in Hougang on Monday. The branch, located at Hocks* 102, Hougang Avenue, will bt; headed by Madam Chaa Choon Lee, the manager. It will provide the full range of banking services. Customers can enjoy138 words
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292 1985-09-14 5 Reuter JAPANESE corporate debt reached a record monthly high of 854.38 billion yen in August, up from the previous record of 585.72 billion set in July and 264.72 billion a year earlier, the Tokyo Commerce and Industry Research Co said in aReuter - 292 words
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183 1985-09-14 5 MOST CORPORATE foreign exchange managers at US-based multinationals surveyed by Bank America this week believe that the US dollar has bottomed out and will now trade higher on foreign exchange markets through the remainder of the year. Bank America International's monthly survey of183 words
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Article118 1985-09-14 5 AFP INSURANCE premiums for airlines will soon be increased by 25 or 30 per cent after the recent series of major air disasters, a leading aviation insurance executive said. Jacques Gangloff, president of Reunion Aerienne. also said that premiums accounted for only one-half or one perAFP - 118 words
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MONEY AND EXCHANGES
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Article688 1985-09-14 5 SINGAPORE The US dollar fell sharply against most rtiajor currencies yesterday in thin and nervous late trading on squaring of positions. The dollar declined in late trading to 2.9130/50 marks from an early 2.9475/85 and compared with New York's 2.9455/70 close and to 2.4010/40 Swiss francs from 2.4305/15688 words
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Article51 1985-09-14 5 RESULTS OF TENDER held on Sep 13 for 91-day Treasury bills to be issued from Sep 16 to Sep 20. Offered: $120,000,000. Applied for: $135,000,000. Allotted: $120,000,000. Accepted bids: $99.28 approximately 90 per cent; higher bids in full. Avenge rate of discount on Allotment: 2.890 per cent per51 words
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Article350 1985-09-14 5 BA Futures EURODOLLAR futures opened sharply lower yesterday due to the larger-than-expected rise in money supply. Immediately after opening at 91.17, the December contract quickly traded to a low of 91.11 as stop-loss orders were triggered. It finally settled at 91.14. Currency futures opened sharply higher as the USBA Futures - 350 words
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Article116 1985-09-14 5 THE OVERNIGHT rate on the Singapore interbank money market fell by five points from Thursday to close at 12 per cent yesterday. The one-month term rate rose by two points while the two and threemonth rates rose 5/8 point each. S$ Interbonk rates at 3pm yesterday: OH*r Bk> Over night116 words
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Article, Illustration306 1985-09-14 5 Asian market ASIAN dollar deposit rates closed slightly firmer yesterday compared with Thursday's levels in thin trading. A steady US federal funds and news of a US$l.4 billion rise in latest US M-l money supply underpinned rates. Most operators were awaiting release of key US economic data including retail sales306 words
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Article242 1985-09-14 5 Interbank rates at 3pm yesterday: CdfTMC^M Nominal Wd rata* Si Offer ci mitheonian roM parity change Local dollars to one unit of foreign currency: US doBor ***** 2.2900 2 8196 -18 96 Sterling pound ***** 3 0250 7 3469 •5893 Australian dollar 1 5389 1 5446 3 4286242 words
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Article258 1985-09-14 5 HONGKONG: The metal closed higher yesterday in thin and nervous trading following a sharp downward adjustment in the US dollar in the afternoon. Investors covered their positions in bullion and the dollar ahead of the release of US economic data. Prices closed at U*****.60/322.00 an ounce against an initial258 words
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TIME-OFF
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Article527 1985-09-14 6 ONCE, life was simple, and Man was content with his bowl of unpolished rice and bit of fish. His body was healthy because he worked out in the fields, his mind at peace because he knew his place in the world, and his soul at rest because527 words
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Article, Illustration710 1985-09-14 6 ANNA TEO - Singapore tourists who seek the sun in unspoilt hideaways will soon have another tropical paradise at their disposal and it's only a short trip south-east ot Jardine Steps, reports ANNA TEO. ANNA TEO. IMAGINE SAILING OFF into the Caribbean except the Caribbean in this case is710 words
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Article1308 1985-09-14 6 What's on from Sep 14-20 IMiiH! CONCERT: 880 faaturaa violinist Tang Yun from China. Victoria Concert Hall. 8.15pm. Tickets: $4,57,510,515. Tang Yun was born in Shanghai and is the leading violinist of the People's Republic of China. DRAMA FESTIVAL: A Doubta Bill Tha Dumb Waitar and Tha Dock Briaf.1,308 words
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Article275 1985-09-14 6 SINGAPORE'S policemen and women like tapping to the sounds of Glenn Miller and other jazz greats as much as the next person. Recently, some musical instruments belonging to the National Theatre Symphonic Band were stolen and, even after they were fully recovered, the police had to275 words
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Article, Illustration154 1985-09-14 6 WHEN VIOLINIST Isaac Stern went te China, be discovered a talented young girl named Tang Yun who took part In his masterclasses. She became the first Important Chinese musician to be allowed to leave China to study in the West. She went first to New154 words
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Page 6 Miscellaneous
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Miscellaneous766 1985-09-14 6 CRYPTIC PUZZLE ACROSS 9 Cotche* a bug and needs a ptck-me-up (5, 3) 10 Fight bock, inexperienced (3) 1J Doe* it say "Artificial diamonds?" (6) 12 Stooped, opening the shed (4. 2) 13 A great turn-out, thanks to the race-meeting (7) 14 Rmg to have a beer sent round: it's766 words
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SPORTS
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470 1985-09-14 7 Reuter ONLY THE PRESENCE of su-per-filly Oh So Sharp has saved the English St Leger at Doncaster from the doldrums. Henry Cecil's game performer bids to become the first filly since Meld in 1955 to win the 1,000 Guineas, Oaks, andReuter - 470 words
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166 1985-09-14 7 Reuter SPICY STORY advertised the Prix de 1* Arc de Triomphe claims of the Aga Khan's colt Shernazar by winning the Doncaster Cup on Thursday. Last month, Spicy Story had been beaten by two and half lengths when second to Shernazar at Newbury. OnReuter - 166 words
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215 1985-09-14 7 Reuter JIM COLBERT of the US shot a six-under-par 66 on Thursday to take a two-stroke lead after the first round of the US$3OO,OOO Greater Milwaukee Open. Colbert had a steady six-bird-ie, no-bogey round with nineshole scores of 33-33Reuter - 215 words
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Article530 1985-09-14 7 WALTON MORAIS - By WALTON MORAIS YOUNGSTER K Maruthiah, who played his best golf at Sembawang last week in the club championships, faces heartbreak unless fate intervenes. The 21-year-old, who leads by a stroke going into the second round this weekend, has received his National Service call-up and will530 words
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Article, Illustration569 1985-09-14 7 UPI THE UNITED STATES, benefiting from a practice session dedicated to the "alternate shot" game, opened a 3-1 lead over Europe after the first session of foursomes in the Ryder Cup golf match yesterday. The Americans, not usually at their bestUPI - 569 words
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Article, Illustration387 1985-09-14 7 AP ALREADY THE GAME'S greatest hitter, Pete Rose is still looking for new challenges as a player. "I guess I can move up the ladder in some things," Rose says. "There's Tris Speaker's doubles record and, of course, Cobb's record for runs. "You know,AP - 387 words
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Article, Illustration637 1985-09-14 7 BRIAN MILLER - By BRIAN MILLER SOTTE GRANDE and Money Mart, two horses who were distinctly "unlucky" not to have won last week, should make amends when they line up in Ipoh this afternoon. Sotte Grande, who is engaged in Race 5 the 1,200 m event for637 words
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Page 7 Miscellaneous
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Miscellaneous1080 1985-09-14 7 w (md mm ROBIN HOOD Robin Hood And The Sorcerer (Part I) 10.10 pm, Channel 5 The legend of the Sherwood forest hero is resurrected again in a new six-part series. This latest version is made by Britain's HTV. The series starts with the death of Robin Hood's father, and1,080 words
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Miscellaneous33 1985-09-14 7 BriStcW r :fiax^cr)lrfrpns Pve>ouT tgis raemo FOR rue last Tine »vs o&vious NOV) DON'T KG£P OS AMD U>e CCRTfMNLN/ DON'r Nl££D vou so &er lost' soRRV ft boot tmpct BUT 6uS»NCSS \S 80-SIMCSS..33 words
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INTERNATIONAL STOCKS
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Article158 1985-09-14 8 NYT RUPERT MURDOCH is negotiating with Marvin Davis to buy Mr Davis's 50 per cent interest in 20th Century-Fox Film Corp. Sources said the negotiations had been going on for some time, but only recently have documents for the sale been drawn up. Mr Murdoch, theNYT - 158 words
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Article43 1985-09-14 8 Reuter ROTHMANS International PLC faces another difficult year in 1985/86, with recovery still some way off, chairman David Nicolson says. For the year ended March 31, 1985, pre-tax profit fell to £121.9 million from £151.2 million in 1983/84. ReuterReuter - 43 words
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342 1985-09-14 8 Reuter WALL STREET declined on Thursday for the third session in a row amid apprehension about a cloudy economic outlook. The Dow Jones Industrial Average shed 7.05 points to 1,312.39. Declines led advances by 1,126 to 405 while volume rose to 107.07 million sharesReuter - 342 words
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Article102 1985-09-14 8 S£P 12 AtxMx C9 20 S unch Hud Boy Mwi knp Oi Inco 6* 50* 18* 42 AJcon 35* 17* 18* Argoen rtdgi Lobiow B 21* 30* 3* 13* unch 18* 42 W 17* BP Con Ltd 32* 25* 32* Can Imp Bk 37* -M 15* 16* 5 Caring102 words
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Article186 1985-09-14 8 SIP 12 Iwd UniMC Wootworlh 550 1450 5 IHOUSTtlALS MININGS A AJpho 800 unch 3175 ioioob 465 unch Blvyoors 1455 30 2625 Buffcfc 7425 25 unch Charter 625 2300 Cons Gold 1500 50 CNA 225 Cora Murch 1100 unch 1180 15 -1000 5100 50 F«d VoAi 185 E R186 words
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Article433 1985-09-14 8 SIP 12 US$ 83* -1* N L kndust II* Engefeord Mrt 22* 51* -ft NoM Dm Cham 32* 50* Aicon Ak*rwi 26 32* -1* Alcoa 33* Lud 21* unch unch Fvestone Tire 19 Norlofc 68* Aitd Slorn 54* Ruor Cp 15* 64* -ft -ft 14* 3* unch 31*433 words
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Article883 1985-09-14 8 Amsterdam sip 12 Ri ABN 497 50 -0 5 98 50 0 9 AhoW 242 00 -2.2 125 10 -0 6 AMEV 301 50 +2 Amfo* 85 80 -0 2 Batfcat 4370 +02 Boh 404 00 +1 Botkak* 6u Tat 104 90 +14 Catorvd 469 00 +8 CM883 words
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Page 8 Advertisements
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Advertisement264 1985-09-14 8 KIRIN COURT The better Cantonese Cuisine Businessmen Lunch (for four persons) 1. Soup of (he day 2. Assorted Cold Cuts Combination 3. Sweetened Water Chestnut Cream A Choice of Any 2 of the Following: Saute Chicken with Black Bean Sauce Saute Beef with Vegetable Steamed Minced Pork with Squid Stewed264 words
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Advertisement176 1985-09-14 8 The si f o IS t S>! wa 3r tM 'dirrn u mm They are the Baybelles from the heart of Manila. They'll take you through a lively trip of hot disco music and popular favourites. They'll keep you in with the times and give you an evening Ae'r-* 'J176 words
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Advertisement109 1985-09-14 8 d 5 v? Specialized in: HONG KONG DIAN XIN CATfTONESE CUISINE Business Hours: 11.00 am 2.30pm (Sundays Public Holidays: B.ooam 2.30pm) Dinner: 7.00pm 10.30pm Jj PRESIDENT MERLIN HOTEL v 181, Kitchener Road, Singapore 0820. Td: *****22. Vee^f s o BU-.1" C55^2.50 DQOFTt Ernf< rorS SeV V»t\c^ neSV^9.9o We have tastefully-appointed109 words
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Advertisement117 1985-09-14 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 each and $20-Hf each (min. 2 persons). Over 50 a la carte specialities are also available AV FURAMA SINGAPORE HOTEL 10 Eu Tong Sen Street. Singapore117 words
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Advertisement117 1985-09-14 8 London stocks on Psgo 12 o^l 1 5" i V v i—H Lounge Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet, sody M Soul from the Philippines. They'll captivate you! Happy Hours: spm 7pm. 50°*>117 words
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ASIAN STOCKS
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Article373 1985-09-14 9 HONGKONG: Stocks closed higher yesterday on late short-cov-ering by overseas fund managers. Brokers attributed the recovery to investors' belief now that Hongkong interest rates are unlikely to be changed at today's weekly meeting of banks. The Hang Seng Index finished 9.42 points higher at 1605.84 after losing 6.82 at373 words
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Article198 1985-09-14 9 «r 13 Al Smear* Indus HT 3 42 1910 -0 1 ■0.1 Lien H*a Irxkjs Nan Yo Ptas Pacific Cons Pacific Elect 12 25 23 60 1450 1330 +03 unch -0 05 0 1 22 70 0 1 1 04 -0 03 Chang Hum Bank 44.40 1580 unch 1330198 words
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Article307 1985-09-14 9 TOKYO: Prices eased in active trading as a wait-and-see mood dominated the market in advance of an upcoming three-day weekend due to a public holiday. The market average closed at *****.70, down 17.34. Volume was 400 million shares compared with 340 million on Thursday. Wall Street's three days of307 words
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Article95 1985-09-14 9 MANILA: Share prices closed generally unchanged in quiet trading. The Commercial and Industrial Index improved by 0.38 to 165.17 while the mining and oil issues were unchanged at 668.99 and 0.823. SEP 13 Ptm 0015 -0 001 PW»«X B 0 13 Antfo Phd 0 001 Apex Mrana B 095 words
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Article352 1985-09-14 9 SYDNEY: The Australian share market shrugged off an uncertain start to charge ahead and close at a record high. The market was initially subdued by the poor performance of Wall Street which has lost 21 index points in the last two trading days with heavy turnover. At the close,352 words
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Article79 1985-09-14 9 SEP 13 Won Const 896 unch Hyundoi Motor 875 unch 667 1 KAL 429 Choheung Bk 640 unch Korea F**t 702 unch Commerool Bk 710 unch Yuhong 1350 -3 460 5 413 .7 Daewoo Corp 478 unch Lucky Ltd J. 610 -6 630 695 -5 Dong Ah 565 -1379 words
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Article148 1985-09-14 9 BANGKOK: Share prices closed lower in slow trading. The Book Club Index shed 0.45 to 134.01 as declines led advances by a small margin. Turnover dropped to 142,289 shares worth 15.9 million baht from Thursday's 292,818 shares worth 90.9 million baht. SEP 13 iokti Sam Cement 557 -4 Stam148 words
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Article64 1985-09-14 9 AFP WHILE most companies in the Philippines are chalking up losses, San Miguel, the country's largest manufacturer, has recorded an 8 per cent rise in profits, for the first half of this year. San Miguel Corporation recorded net income of 195.50 million pesos from JanuaryAFP - 64 words
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328 1985-09-14 9 AP THE PRESIDENT of Japan Air Lines, Yasumoto Takagi, said the airline, now 34.5-per-cent-owned by the government, would like to become completely private. He said JAL, Japan's only regular international airline, is willing to see other Japanese companies fly international routes too, whileAP - 328 words
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Article126 1985-09-14 9 UPI CHINA has completed a nationwide management reshuffle in about 3,000 state-owned enterprises as part of a government plan to modernise its industries. The official Peoples Daily newspaper reported that thousands of new managers, averaging 45 years old and mostly college-edu-cated, had replaced aging managers in state factoriesUPI - 126 words
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Article85 1985-09-14 9 Bernama DREAMLAND Manufacturing Sdn Bhd, a subsidiary of Honco Holdings Bhd, after having captured 50 per cent of the Malaysian market and penetrated into China, is eyeing East Asia. Dreamland is now the largest spring mattress maker in Malaysia. Honco chairman Tunku Abdul Rahman saidBernama - 85 words
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Page 9 Advertisements
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Advertisement127 1985-09-14 9 K1 0 For delightful dinners with popular local flavours. Enjoy dinner with popular local flavours. Our "Singapore Delights" Buffet is packed with mouthwatering favourites that will definitely get your appetite going. Buffet Dinner is at Ssl4.oo+ per person. The Luna Coffee House. We've got a variety of delights to fill127 words
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Advertisement125 1985-09-14 9 t Live it up: with Black Label or Courvoisier X.O. "V'H 1 1 j From now till 30th September 1985. just order a Johnnie Walker Black Label or a Courvoisier X.0.... or a cocktail with either of these liauors as its base And you stand a chance of winning a125 words
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Advertisement157 1985-09-14 9 Paramount Hotel Where the happy people go 1 v'-W 1 *L tA^ B •v ■m r r /j MS The Flavour of Mexico Sept 15 30 Lunch Dinner Adult: $12.50+ Child $8+ SPECIAL FEATURE Friday Vogue Fashions Sept. 20 27. Showtime: 1.15 pm V LEVEL 4, Paramount Hotai, Marina Parada157 words
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Advertisement145 1985-09-14 9 ha V home o< 0 >VT r oPi <, o'lu i 3/i.' reservations 54 *****33 khedtrt- Kt»s' J i u 1:.- '.#ll* 'i- c 141 .dk L*»a' r: n ."0 So* Iwru W^l -5V- -v SI 8 FIRST DRINK "'.•'SOLID GOLD N' PHILIPPINES TOP CHART WHILST DINING SOOTHING MUSIC AND145 words
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Advertisement130 1985-09-14 9 let's booze to the music ES a k. v HAPPY HOURS: spm 7pm daily It's real happy time! Just buy a drink and get the second FREE. Live entertainment too! Hot rock or favourite contemporaries, this popular all-girts. Six Angels Band, plays and sings right into your heart Brings you130 words
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SHARE INFORMATION
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Article, Illustration4310 1985-09-14 10 THE GREAT DIVIDE in the Singapore stock market was highlighted yesterday as Singapore stocks remained comatose while Malaysian stocks were more wildly traded than ever ahead of the first day of the Islamic New Year, and a holiday on the KLSF on Monday.4,310 words
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Article234 1985-09-14 10 SINGAPORE RiM« wu Sm 11 S# 11 u TOO +S0 IT r.-|i«rinim 69V.SI 640 36 Kadi Sm 223 32 HUActor *****68 *****32 Kaatacky Spara 366 28 BTOS/OS +77 +34 HLmiMSOi 246 +15 ST l..4—tno*» 749 73 751.61 K L W 50c 185 +15 ST Fiaaaca "36 60234 words
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Article4340 1985-09-14 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".4,340 words
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Page 10 Advertisements
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Advertisement11 1985-09-14 10 KL market report, Business done on the KLSE See pege 1111 words
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COMPANY NEWS
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614 1985-09-14 11 «■a. CHART P©l NT By HOCK LOCK SIEW IT IS TIMELY now to review the technical posture of the whole market and look for signs which could help us plan our investment strategy. Anyone looking at the Straits Times Industrial Index chart for clues asBy HOCK LOCK SIEW - 614 words
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Article, Illustration478 1985-09-14 11 WHILE SINGAPORE Airlines is still trying to sort out the problem of partly-paid shares held by employees before its offer of shares, its counterpart across the Causeway, Malaysian Airline System, has already firmed up details for its public listing. The Malaysian478 words
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510 1985-09-14 11 HOMER CHEN - By HOMER CHEN PLANTATION COMPANY Guthrie Ropel Bhd has suffered a reversal in its fortunes in the first six months of the current financial year. Group pre-tax profits for the period to June 30 tumbled 40 per cent to M 59.71 million from510 words
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352 1985-09-14 11 AMY CHEOK - By AMY CHEOK CONSTRUCTION GROUP Lim Kah Ngam Ltd has blamed re-cently-acquired Hotel Equatorial for the decline in profits in the first six months of this year. And like the year before, shareholders of the company will not be getting any interim352 words
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Article3166 1985-09-14 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. MDUSTRMLS A Choc (2.805) (19) 2.78 (U) 2.77 (2) 2.753,166 words
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Article96 1985-09-14 11 HONGKONG Thursday 1401.2 Hang Seng Index Week ago 1383.0 Friday 1605.84 NEW YORK Thursday 1596.42 Week ago 1579.06 Dow Jones Thursday 1312.39 TOKYO Wednesday 1319.44 Week ago 1325.83 Tokyo Dow Jones Friday *****.70 Thursdoy ***** 04 Week ogo ***** 85 Standard Poors Thursday Wednesday 85.03 Week ago 187.2796 words
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Article240 1985-09-14 11 Managers' prices MARA-Bumiputra for Sep 14 16 First B'putro 494 499 Second B'putro 457 462 Singapore Unit Trust The Commerce 1.72 1.82 The Savings Fund 1.24 1.42 Thrd B'putro Fourth B'putro Fifth B'putro Sixth B'putro Seventh B'putro (A) 374 4 12 272 269 379 4 17 277 274240 words
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Article303 1985-09-14 11 CONTINUED speculative buying interest in industrial and property counters at the Kuala Lumpur stock market yesterday caused trading volume to hit a record high of 31.43 million shares valued at M 562.88 million. This surpassed the previous record of 30.15 million units worth $51.5 million303 words
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Page 11 Advertisements
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Advertisement286 1985-09-14 11 NOTICES r I J COMPANIES ACT, CAP. IK LJS. ASA ENTERPRISE (PRIVATE) LIMITED (Menken' Vetutary WMtag up) At An Extra-Ordinary General Meeting of the above-named Company duly convened and held on 9 September 1865 at No. 30 Conway Grove, Singapore 1955 the following Resolutions were passed: As A Special Resolution286 words
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Article, Illustration637 1985-09-14 12 LEE HAN SHIH - Market value of properties affected put at $9.4 m By LEE HAN SHIH, Property Correspondent DOZENS OF HOUSES, a primary school, a temple, a small hotel and an artificial limb showroom are sitting on land to be acquired to make way for637 words
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Article275 1985-09-14 12 TEXAS INSTRUMENTS has accepted the resignations of about 400 workers following a call last week for volunteers to resign. Workers were given retrenchment compensation yesterday, sources said. On Sep 3, the microchip maker announced that it would shed 400 workers from the production department. But it275 words
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Article, Illustration74 1985-09-14 12 BIDDERS examine a Fiat 2800 f givan to Spanieh dictator Ganaral Francisco Franco by Italy'a Faacist laadar Banito Muaaolini in 1941. Tha Fiat, ona of only aight modala in tha world, ramainad unaold at an auction in London on Wadnoaday aftar attracting a74 words
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Article88 1985-09-14 12 Reuter BANKAMERICA CORP has entered into a letter of intent to sell its headquarters complex in Ran Francisco to Walter Shorenstein for US$66O million. The complex consists of a 52-storey building, the bank's matn office, and an adjoining building. The company said it believed theReuter - 88 words
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Article79 1985-09-14 12 AFP A SHANGHAI WOMAN lost 1.5 kilograms in weight after taking a specially prepared herbal medicine steam bath. Press reports yesterday quoted Beijng's China News Service (CNS): "This exclusive bath treat invented by the Shanghai Changzhi bathhouse is not only good for reducingAFP - 79 words
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Article763 1985-09-14 12 PRICES closed easier yesterday alter a mixed start llVi 1/16 Wink els 19 V, unch 0684 0 732 barely steody 148 4 78 unch Jap Pert 0910 0 974 Cosh: £1036 00/1037 00 697 33 Zandpon 68 5 1 066 1 168 Three months: £1064 00/ 1065 00763 words
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292 1985-09-14 12 AFP FRANCE has warned the US of possible damage to relations if the Pentagon selects a British over a French company for a US$4.3 billion contract to modernise the US Army's battlefield communications system. The Washington PostAFP - 292 words
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238 1985-09-14 12 AFP, Reuter BANGKOK POLICE yesterday arrested three labour activists on charges of instigating unrest and threatening state security in Monday's abortive coup, but the unionists denied any involvement. The three arrested were Sompong Sakkrawee, the adviser to the Labour CongressAFP,; Reuter - 238 words
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Article, Illustration257 1985-09-14 12 AFP OLEG GORDIEVSKY, the Lopdon head of the KGB who defected to the west on Thursday, was a double-agent who supplied information to Danish authorities for several years, said Danish Justice Minister Erik Ninn-Han-sen in Copenhagen yesterday. British intelligence and diplomatic sources saidAFP - 257 words
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88 1985-09-14 12 AFP THE LONDON station of the KGB chief, Oleg Gordievsky, had been a double agent for 12 years, and his defection revealed on Thursday is likely to do resounding damage to Soviet espionage networks. Intelligence experts in London said yesterday that theAFP - 88 words
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Article121 1985-09-14 12 Reuter COMEX GOLD FUTURES gained more than US$l in a small rally yesterday morning fostered by a weak dollar. Gold for December delivery rose $1.50 to $327.80 but it ran out of support just below this week's high of $328.00. Analysts said gold's reaction was surprisinglyReuter - 121 words
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Article68 1985-09-14 12 Reuter THE NEW YORK stock market pushed higher in early trading yesterday. The Dow Jones Industrial Average was up three points to 1316. Advances and declines were close to even on turnover of 11.19 million shares. Kansas Gas and Electric led the actives, off Vi to 11%.Reuter - 68 words
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295 1985-09-14 12 Reuter PHILIPPINE government prosecutors yesterday rejected as "second-hand information" statements by US servicemen alleging Philippine Air Force jets were scrambled as murdered opposition leader Benigno Aquino flew home. Chief prosecutor Bernardo Fernandez said depositions taken from the servicemen would not be offered asReuter - 295 words
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LATE FILE
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Article63 1985-09-14 12 Bernama MALAYSIAN Bar Council vice-president Param Cumaraswamy yesterday pleaded not guilty in the Kuala Lumpur High Court to a charge under the country's Sedition Act. His case will be heard before Justice N H Chan on Nov 26. Mr Cumaraswamy was charged with making a seditiousBernama - 63 words
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Article59 1985-09-14 12 Bernama IN SPITE OF its maiden export of hot briquetted iron (HBI) and a Msl2o million oil drilling rig exported to Sarawak, Sabah's trade surplus fell 20.4 per cent to 1827.6 million for the first half of this year from $1.04 billion in the same periodBernama - 59 words
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Article43 1985-09-14 12 AFP A LITTLE-KNOWN member of the Chinese Communist Party's central committee has been appointed chief of the party's organisation department. The People's Daily said yesterday that Wei Jianxing had been made head of the party organisational department. AFPAFP - 43 words
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Article41 1985-09-14 12 UPI TWO EXPLOSIONS yesterday damaged the Kypseli branch of Citibank in Greece the fourth such attack since 1915 and two cars belonging to US military personnel. Police in Athens said there were no no casualties. UPIUPI - 41 words
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Article35 1985-09-14 12 Reuter BRITISH INVESTIGATORS said yesterday that a faulty escape chute temporarily Jammed an emergency door aboard the Boeing 737 jetliner which burst into flames on take-off in Manchester last month. ReuterReuter - 35 words
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Article53 1985-09-14 12 UPI THE INTERNATIONAL Olympic Committee and the South Korean organisers of the 1988 Seoul Olympics yesterday failed to reach an agreement with the three US television networks competing fa* exclusive US television rights to the Seoul Games. ABC, CBS and NBC were asked to submitUPI - 53 words
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Article56 1985-09-14 12 AP A NEW ZEALAND government envoy left for Washington yesterday to discuss Wellington's ban on port rails by nuclear armed or powered US warships, but there were few hopes of resolution. Premier David Lange played down hopes that the visit by his deputy, Geoffrey Palmer, wouldAP - 56 words
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Article38 1985-09-14 12 AP TAIWAN will lift an import ban on video-tape recorders (VTRs) next July. A government official in Taipei said that the ban was imposed in February, 1983, to protect Taiwan's VTR manufacturers. APAP - 38 words
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Article43 1985-09-14 12 AP THE ROYAL Malaysian Air Force will recruit and train its first women pilots beginning in November. The deputy air force chief, Shaharuddin All, said yesterday that five women were being considered for the first group of trainees. APAP - 43 words
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Page 12 Advertisements
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Advertisement151 1985-09-14 12 Expert tolls of rocruttmont bkte by KQB, Pagt 3 JACK'S PLACE a place for steak TO ALL BUSY EXECUTIVES: Jack's Place Hotel Miramar is the place for you Our daily change of Executive Set Lunch Menu is specially created to offer you A Soup Of The Day, Roast item with151 words
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Page 12 Miscellaneous
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Miscellaneous53 1985-09-14 12 wmm Outlook for today: Showers in many areas in the morning. Report for 24 hours prior to 7.30pm on Sep 12 at the airport: Maximum temperature 31.8 Associated humidity 62 Minimum temperature 23.9 Associated humidity 88' Hours of sunshine 5.05 Rainfall in millimetres 1.6 Rainfall this month 56.6 Rainy days53 words
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