The Business Times, 5 October 1985
1985-10-05
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12
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The Business Times
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Title Section12 1985-10-05 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, OCTOBER 5, 1985 75 CENTS12 words
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373 1985-10-05 1 JURONG ENGINEERING and its joint venture partner, JDC Corporation of Japan, have won the first civil engineering contract under Phase Two of the Mass Rapid Transit System. The $79.58-million contract is for the building of a 3.2-km viaduct from Ulu Pandan373 words
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462 1985-10-05 1 LEE HAN SHIH - Advanced Technology Centre's staff redeployed, equipment sold By LEE HAN SHIH GENERAL ELECTRIC (USA) last month quietly closed down the operations of its Advanced Technology Centre (ATC) in Jurong, a multi-million dollar setup said to be the biggest research and development centre in Singapore.462 words
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Article98 1985-10-05 1 HOCK LOCK SIEW has received a good number of entries to his offer of two bottles of XO brandy for the winner of the 'Name the Junior Market Contest'. Readers have been invited to suggest an apt name for the Republic's second securities market. Hock98 words
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255 1985-10-05 1 CUEPACS yesterday declined Umno Youth's offer to mediate in its 10-month-old wage dispute with the Malaysian government. "Thanks, but no thanks," said Mr Ahmad Nor, the president of the umbrella organisation for civil service unions in Malaysia, in response to an unofficial255 words
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208 1985-10-05 1 IN ITS SECOND retrenchment exercise this year, the Marco Polo Hotel has laid off 57 employees, including eight senior staff members. The employees, who will receive full retrenchment benefits, were informed yesterday. Marco Polo, which was recently voted sixth in the world in a208 words
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137 1985-10-05 1 Reuter JAPAN'S growth rate may slow drastically if the yen continues to hold firm at its current level against the US dollar, Japanese bank economists polled by Reuters said. Exports and capital investments, which have been the driving force behind Japan's economic growth,Reuter - 137 words
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Article, Illustration90 1985-10-05 1 THE SINGAPORE stock market mM higher yesterday, hmUlg a five-session profit-taking move riaee the previous Friday. The Straits Times industrial Index galaed 1.18 points to 717.4«, while the BT Composite Index chalked ap l.tt potato to <65.14. A distinct feature sf yesterday's market was the "coming alive" it90 words
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Article, Illustration240 1985-10-05 1 UPI Reuter SAUDI ARABIAN oil minister Ahmed Zaki Yamani yesterday said that his 12 Opec colleagues had no grounds to criticise him for undercutting official Opec prices because they were doing the same. "Criticism? Why?" shrugged Yamani as he arrived for theUPI; Reuter - 240 words
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106 1985-10-05 1 Reuter WHAT'S in a name? Possibly more than what's in the wine. Japan's Prime Minister Yasuhiro Nakasone yesterday told New South Wales Premier Neville Wran that Australian wines might sell better if they were renamed. Japanese consumers have been confusing Down Under vintages withReuter - 106 words
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Article, Illustration388 1985-10-05 1 JEFFREY TSANG - By JEFFREY TSANG LICENCES will be required for the driving of powered boats by 1987. In an effort to make Singapore waters safer for powered craft and commercial vessels, the Port of Singapore Authority (PSA) has designed a package which includes training programmes and legislation.388 words
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Page 1 Advertisements
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Advertisement121 1985-10-05 1 era water I=l asia'B6 International Water Technology Exhibition Conference. 27 February 2 March 1986 World Trade Centre S pore LNTERFAMA EXHIBITIONS PTE LTD Portrwoy BuHOWI 06 1 Marin* Parade Cenl»al. Singapore 1544 I* *****00 Mm RS 249®0 INFAMA Challenges Met, Opportunities Realised. At Banque Indosuez, we turn challenges into opportunities.121 words
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Advertisement309 1985-10-05 1 &;}))[)/(^*[[%],&=`",<^\]%^$)<( Opec ministers fail to settle quota issua, Page 3 mm SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS SHIPS IN PORT CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW THE OUTRAGE over the killing of frogs for their legs is out of proportion. Allegations thot frogs are not being slaughtered309 words
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Advertisement140 1985-10-05 1 Intl stocks, Page 8 TITLEIST 384 golf ball is miles ahead of its rival. The Official Ball Count on the U.S. Pro Tour Circuit places TITLEIST in the No. 1 spot, leading by 5 to 1 over its nearest competitors. (Source: Darrel Survey Company, U.S.A.) What's more TITLEIST 'No-Cut' Guarantee140 words
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Advertisement43 1985-10-05 1 CONPEXa ASIAB6 S.E. Asia sth International Building, Construction Equipment Public Works Exhibition 27 February 2 March 1986 World Trade Centre S pore CVTERFAMA EXHIBITIONS PTE LTD fTj Parkwoy Builders'Centre»lo-03 06 1. Marine Parade Central Singapore 1544 L=_Tel *****00 Tele« RS ***** INF AMA43 words
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HOME NEWS
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349 1985-10-05 2 ANNA TEO - By ANNA TEO MANY EMPLOYERS still do not see training as an important investment and a tool in the economic restructuring process. Dr Wong Kwei Cheong, the Minister of State for Trade Industry and chairman of the National Productivity Board (NPB), said that only about349 words
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Article93 1985-10-05 2 THEY MAY BE outnumbered 10 to one in class, but there is certainly a place for women in the engineering community. The role of women engineers in Singapore's development is the highlight of a career guidance seminar this morning at the Raffles Junior College. The seminar,93 words
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Article911 1985-10-05 2 AT CONVENTIONAL WHARVES SEMBAWANG VmmI Berth Arrival Departure Han River World Lion 51 52 alongside 5.10/1500 alongside 5.10/0200 KEPPEL WHARVES Sangerhausen Straits Pride Builder 3 G Selatan-7 Jenhol Myung Syng 2 Str Venture Trans Hav K28 K24E K23 K18 K22 K30 K25W K9 alongside 5.10/2300 alongside 5.10/0600911 words
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265 1985-10-05 2 LUCY NG - By LUCY NG TWO LAW SUITS, one of which might result in liquidation, have been taken against Shangri-La Furnishings Pte Ltd. A creditor, Lau Kwong, trading as Creation Glass Construction, filed a petition to wind up the company on Aug 19. The Central Provident265 words
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173 1985-10-05 2 A DIRECTOR OF the defunct Mohan's Department Store, Mr Mohandas "Mike" Melvani, could lose a flat which he mortgaged to the DBS Bank. The bank has taken legal action against Mr Melvani to claim a debt of $511,581.94, including interests. It also wants173 words
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Article72 1985-10-05 2 THE MANAGEMENT Development Institute of Singapore will hold a series of talks to familiarise the public on their courses. The talks will be held today and the following two Saturdays. The institute runs courses on business administration, industrial management, management studies, applied management, industrial relations, and72 words
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119 1985-10-05 2 FOUR Singapore furniture makers hope to meet potential overseas clients at the 4th Singapore International Furniture Show opening today at the World Trade Centre. The companies Luxury Interiors Pte Ltd, Milico Woodworking Co, Unipet Services Pte Ltd and Applied Woodworking Pte Ltd have119 words
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392 1985-10-05 2 ALVIN TAY - By ALVIN TAY MR PHILIPPE CAVARD, who has been heading the Singapore branch of Banque Indosuez for the past five years, will end his term of service here at the end of the year. The 49-year-old banker will leave for a new392 words
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297 1985-10-05 2 SINGAPORE AIRLINES suffers the same problems as European airlines when it comes to liberalisation in civil aviation, and the difference lies in degree rather than type. This was the conclusion of a fact-finding mission from Europe consisting of European Members of Parliament297 words
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Article69 1985-10-05 2 A HALF-DAY SEMINAR on security printing will be held on Oct 11 at the Shangri-La Hotel. It is jointly organised by two leading security printers, Secura Singapore and Security Printers Singapore. It hopes to promote an awareness of the role of the specialised field of security69 words
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354 1985-10-05 2 ELEVEN CONTRACTS totalling $9 million were recently awarded by the Housing and Development Board with four worth more than $1 million each. Hiap Shing bagged the largest of these awards. Its contract called for the construction of access roads, lorry parks and a354 words
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175 1985-10-05 2 THE HDB is spending $70,000 on a campaign to improve productivity. Activities of the campaign, which will be opened by HDB chairman Hsuan Owyang on Nov 4, include a slogan competition, a cartoon drawing competition, banners, souvenirs, an on-site presentation of construction methods,175 words
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Article, Illustration276 1985-10-05 2 SIA YONG has been appointed the managing director of Sim Lim Finance Ltd with effect from July 23. Mr Sia replaces Soon Peng Yam, who will remain as chairman of the company. The company's trading subsidiary, Sim Lim Co Pte Ltd, has appointed KO CUKE WAH and276 words
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Page 2 Advertisements
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Advertisement8 1985-10-05 2 WORLDW/DECOURIER Changing the way the world does business.8 words
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OVERSEAS
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Article185 1985-10-05 3 Reuter SENATOR William Proxmire has given his monthly Golden Fleece Award to the US navy for buying a US$792 designer doormat for the Naval Medical Command South-east Region in Jacksonville, Florida. "The poor taxpayer may wipe his shoes on a $3 doormat when he goesReuter - 185 words
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363 1985-10-05 3 AFP PRESIDENT Ronald Reagan of the US yesterday welcomed Soviet leader Mikhail Gorbachev's call for direct Soviet negotiations with France and Britain on medium-range missiles as a "change" in the Soviet position, saying he had no objection to such strictlyAFP - 363 words
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Article753 1985-10-05 3 ARRIVALS Operator S«rvice Local From number time PAA PA2I/5 0020 LAX/TYO/HKG sv SV379 0115 SEL CAL CI333 0130 TPE SIA SQ4I 0535 MAA MK MK746 0755 MRU CV CV796 0815 LUX/DXB MAS MH681 0820 KUL KAL KE624 0840 KUL MAS MH603 0905 KUL MAS MH811 0940 PEN753 words
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Article, Illustration190 1985-10-05 3 AP RAISA GORBACHEV conversed with fashion designer Pierre Cardin on Thursday as she toured Paris while her husband, Soviet leader Mikhail Gorbachev, held talks with French leadefs. Mr Cardin later announced he would make a new perfume in Moscow that would be sold onlyAP - 190 words
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157 1985-10-05 3 AFP AMERICAN business leaders are more pessimistic about the performance of their companies in the fourth quarter this year than they were in the third, a poll in New York by the economic analysts Dun and Bradstreet Corporation has disclosed. The 1,400 business leaders,AFP - 157 words
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580 1985-10-05 3 Further discussions put off till December NYT MINISTERS of the Organisation of Petroleum Exporting Countries failed on Thursday to resolve demands for higher production quotas by six of the group's 13 members, and put off further discussions of the matter until their nextNYT - 580 words
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Article236 1985-10-05 3 Reuter PRESIDENT REAGAN, refusing to accept warnings that Congress will not pass his tax reform plan this year, said on Thursday his programme would become law in 1985. His overhaul of the 75-year-old US tax code includes reducing the number of brackets from 14Reuter - 236 words
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234 1985-10-05 3 Reuter A REPUBLICAN plan designed to balance the budget in 1991 through major defence and non-defence spending cuts has won the endorsement of President Reagan, Republican leader Senator Robert Dole said on Thursday. He said the scheme by Republican Senators Warren Rudman ofReuter - 234 words
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131 1985-10-05 3 Reuter THE US ECONOMY will grow by an additional one-half per cent next year if Japan ends trade restrictions on US products, according to a study by Data Resources Inc. The study, released by Senator Lloyd Bentsen, forecast an increaseReuter - 131 words
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Article184 1985-10-05 3 UPI MORE THAN 30 people will be spending this weekend out on a limb in upstate New York during the annual Cohocton tree-sit-ting competition. The 48-hour endurance test was scheduled to begin yesterday evening and is the feature attraction of the Cohocton Fall Foliage Festival, which is expectedUPI - 184 words
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148 1985-10-05 3 Reuter US SECRETARY of State George Shultz has called on the South African government to open negotiations with Black leaders, particularly the outlawed African National Congress (ANC), if it is to avoid a "really violent upheaval". In an interview with theReuter - 148 words
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Article, Illustration592 1985-10-05 4 Reuter ALMOST WITHIN earshot of Congress, where a clamour for protectionist trade laws is rising, Chinese tool makers, rug merchants and other exporters have been hawking their wares to prospective US customers. Thirty-six export companies set up displays at the Beijing TradeReuter; AP Photo - 592 words
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216 1985-10-05 4 AP ABOUT 200 guests in pinstripes and Mao jackets sipped champagne and ate cream puffs on Thursday at the ceremonial opening of "Windows on the World", Beijing's answer to the eatery atop New York's 110-sto-rey World Trade Centre. The Beijing version is a Chi-na-HongkongAP - 216 words
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137 1985-10-05 4 AFP INDONESIAN PRESIDENT Suharto has ordered the country's top military and civilian officials to file special reports to him on their personal and wealth income tax returns. A spokesman for the tax office in Jakarta said yesterday that the new ruling, inAFP - 137 words
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301 1985-10-05 4 AFP THE UNDERGROUND Islamic Jihad (Holy War) organisation has announced that it has "executed" an American diplomat in retaliation for the Israeli air raid on the Palestine Liberation Organisation headquarters in Tunis on Tuesday. A type-written announcement received by news bureaus in Beirut onAFP - 301 words
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246 1985-10-05 4 AFP INDONESIA can "live without China," said the Indonesian armed forces chief Benny Murdani, in an interview published in Jakarta on Thursday. "You can see that we have prospered in the past 20 years without China," the Hongkongbased Asiaweek magazine quoted General Murdani asAFP - 246 words
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Page 3 Advertisements
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Advertisement9 1985-10-05 3 Sllf <t7 V# PanAm's New Clipper Class DailyTbLos Angeles.9 words
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Advertisement137 1985-10-05 3 J jJ t. Batons Table Sunday Brunch... 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,137 words
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RAW MATERIALS
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Article152 1985-10-05 4 Chinese Produce Exchange (Sellers' noon closing prices on Oct 4 (SS/100 kg) Coconut oil Bulk FOB 75 00 Old drum FOB 88 00 New drum FOB 92 00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gombier FOB NSW 440 00 471 00 339 00152 words
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Article296 1985-10-05 4 Singapore C-l Ord unq (S$/kilo, e*-godown) Loonzain Rice Fragrant new crop ut n 7A 100% 1st grade 100% 2nd grade unq 215 2nd 0 54 100% 3rd grade unq 3rd 0 55 Parboiled Rice New Crop 5% 215 25% no stock 10% 210 10% no stock Thai Broken Maize296 words
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Article98 1985-10-05 4 THE KUALA LUMPUR tin market yesterday clesed unchanged at Ms2tJt per Idle on continued support by the ITC bolter stock manager (BSM) and local demand, dealers said. Trading was qniet dne to the continued absence of foreign Interest. Turnover Increased slightly to 149 tonnes from 132 on Thursday98 words
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Article167 1985-10-05 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 2,500 Blue Phoenix 20's 2,550 Blue Phoenix 32's 2,950 Blue Phoenix 40's 3,300 Carded yarn, hank Blue Phoenix 2l's 2,750 Combed yarn, cones Blue Phoenix 32's 4 100 Blue Phoenix 40's 4,300 Open-end yarn167 words
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Article166 1985-10-05 4 SINGAPORE THE MARKET yesterday closed slightly lower with November One RSS buyers quoted at 164.50 cents per kilo,down one cent from Thursday. MALAYSIA The market was featureless with November Int One RSS buyers closing at 186.50 cents per kilo, up half a cent from Thursday's close. Physical interest was166 words
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Article349 1985-10-05 4 RAS prices in S cents/kg, FOB in 1 bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 162 00 163 00N 161 50 162 50N Int 1 RSS Nov 85 165 00 165 50 164 50 165 00 Int 1 RSS Dec 85 165 00349 words
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Article125 1985-10-05 4 MALAYSIAN crude palm oil prices yesterday eased further on short selling and a reserve of buyers to close at the day's lows, dampened by India's purchase of Indonesian origin palm oil at its weekly import tender on Thursday night. The refined palm oil market experienced continued lack of125 words
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Article146 1985-10-05 4 WHEAT FUTURES on Thursday closed 2 3 < to one US cent a bushel lower in light trade on the Chicago Biard of Trade. December ended near the bottom of a 2 3 /4 cent range. Wheat values never recovered from an early sell-off and settled near the day's146 words
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Article123 1985-10-05 4 SOYBEAN FUTURES on Thursday gave up earlier gains and closed fractionally mixed on the Chicago Board of Trade November ended near the bottom of a s'/« cent range. When soyoil prices dropped suddenly to the minus side, soybean futures also fell back, traders said. With soymeal prices showing strong123 words
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Article110 1985-10-05 4 (cents/kg, 1-ton pallets) NQV 85 DEC 85 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 145 00 I47 00N 146 00 148 OON SSR 50 143 00 I45 00N 144 00 146 OON MRELB Buyers Sellers Buyers Sellers SMR CV 203 50110 words
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Article782 1985-10-05 4 COFFEE ROBUSTA COFFEE FUTURES on Thursday moved easier in thin business to end the day down £10 to up £5 a tonne, as sterling firmed and New York eased slightly. At the close, second position January was £10 down from the previous close at £1,641, in a £1,667/1,641782 words
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Page 4 Miscellaneous
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Miscellaneous43 1985-10-05 4 Doonesbury ..AND I THINK I SPEAK FORALLMimuOUICOM- AMEN! S4YMRS. DfwENPORT,SINCE CDN6RE2S SEEMS UNUJ/UJNG TO FUFUHSR. REDUCE SPENDING, HOUJ DO YOU PROPOSE TO ACT ON THE DEFICIT? n 1 t m £9 BY GARRY TRUDEAU flS&wJSS*gjisß SlflS US*l^HpSSsel saggss fig 4%' If r cl,43 words
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BANKING AND FINANCE
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Article747 1985-10-05 5 SINGAPORE THE US dollar yesterday extended its early losses against most major currencies on continued speculative selling in thin late trading, dealers said. The dollar weakened to a late 2.6020/35 marks from an early 2.6150/60 and New York's close of 2.6200/20, to 211.75/90 yen from 212.00/10 and 212.30/50747 words
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Article244 1985-10-05 5 Interbank rates at 3pm yesterday: Currancia* Nominal rata* Smithsonian Bid Otter croaa parity change Local dollars to one unit of foreign currency. US dollar 2 1175 2.1185 ***** -2490 Sterling pound ***** ***** 7 3469 -58 70 Australian dollar 1 5163 1 5185 3 4286 -55 77 NZ244 words
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Article250 1985-10-05 5 HONGKONG: GOLD yesterday closed higher on fairly active buying, following Thursday's fall in the US dollar and short-covering in silver, which rose to U556.39/41 an ounce from New York's close of $6.33. Reports that the Hunt brothers had sold most of their large physical silver holdings, estimated at 59250 words
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Article51 1985-10-05 5 RESULTS OF TENDER held on Oct 4 for 91-day Treasury hills to be issued from Oct 7 to Oct 11. Offered: $100,000,000. Applied for: $142,500,000. Allotted: $100,000,000. Accepted bids: $99.24 approximately 37 per cent; higher bids in full. Average rate sf discount on allotment: 3.020 per cent per51 words
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Article70 1985-10-05 5 THE OVERNIGHT rate on the Singapore interbank money market rose by '/a points from Thursday to close at 7>/« per cent yesterday. The one-month term rate (ell by V* point while the two- and three-month fell by Vi point each. S$ Interbank rates at 3pm yesterday: OH* Bid Over70 words
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Article372 1985-10-05 5 BA Futures EURODOLLAR futures yesterday opened with a slightly bearish tone with the December contract trading at 91.73. Quiet sideways trading was seen during the morning session as traders stay square ahead of the unemployment figure last night. The market was locked within a range of 91.71 and 91.74BA Futures - 372 words
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Article, Illustration337 1985-10-05 5 ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet weekend trading. Short-dates weakened 1/16 point at the start due to a slightly lower US Fed funds rate and remained unchanged in subsequent trading. Weekend and week fixed closed at a common eight 7H per337 words
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644 1985-10-05 5 NYT US BANKERS will probably oppose key elements in the Reagan administration's plan to resolve the foreign debt crisis. Even so, some analysts said on Wednesday, the banks might be forced to accept it. The administration is expected to announce itsNYT - 644 words
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171 1985-10-05 5 Reuter A COMMITTEE representing international banks which are owed money by Mexico has agreed to postpone loan repayments totalling US$95O million for six months. William Rhodes, the cochairman of the 13-bank committee representing more than 600 banks that have outstanding loans to Mexico,Reuter - 171 words
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180 1985-10-05 5 MANUFACTURERS Hanover Trust Company (MHT), the fourth largest bank in the US, has openeda new representative office in Shanghai. Officiating at the opening ceremony were Mr John F MC Gillicuddy, the chairman anri chief executive officer of Manufacturers Hanover Trust Company and Manufacturers180 words
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Page 5 Advertisements
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Advertisement17 1985-10-05 5 ess take s Times fday, only ilfthe >ry. KTRTIIKWI KX j;STOKYCIN IXMNG 1* SINLSS IN' SINGAI\K!XALI. 733(1718.17 words
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TIME-OFF
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Article493 1985-10-05 6 FROGS CAN LEAVE an impact on the economy, as readers of this newspaper would have found out this week. In one extraordinary incident, several thousand pairs of frogs' legs led one over-enthusi-astic trader to contribute $4,000 towards government revenue last year. Maybe that was chickenfeed.493 words
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Article, Illustration846 1985-10-05 6 JEFFREY TSANG - By JEFFREY TSANG THE CAR is 99 years old this year. That's right. It's been nearly a century since Carl Benz cranked up his one-cylinder baby and whizzed about his yard at the gloriously high speed of eight kmph and promptly smashed into a brick wall. The846 words
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Article, Illustration193 1985-10-05 6 ROLL OUT the barrels and dish out the kraut, Weisswurst and pretzels, it's Oktoberfest time. The Royal Holiday Inn will stage a small scale but 'equally boisterous version of the world famous German festival now in full swing in Munich, the capital of Bavaria in southern193 words
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Article, Illustration1412 1985-10-05 6 What's on from Oct 5- 11 MHMMMNH W* CONCERTS: Paopli'i Association Chinese Orchestra. Victoria Concert Hall. Bpm. Tickets: $2, $3, $4. Programme of Chinese music including local arrangements. The conductor is Ku Lap Man. SSO at Sentosa Musical Fountain. An open-air concert conducted by Lim Yau, assistant conductor and1,412 words
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Article230 1985-10-05 6 THE DEVELOPERS of Forum Galleria and Wisma Atria have good reasons for setting up office at Ochard Towers. The two projects, costing some $425 million, are within view from the 18th storey. How closely the developer can watch the building progress on the site was evident230 words
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Page 6 Miscellaneous
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Miscellaneous835 1985-10-05 6 mmmm CRYPTIC PUZZLE ACROSS 8 Hold the murderer had not broken in (7) 9 Told to get a move on, climbed fast? (7, 2) I 3 In the film, he says nothing more (5) 14 Sees to be token aback and doesn't go on (5) 15 Beet about to go835 words
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SPORTS
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Article, Illustration296 1985-10-05 7 AFP SOUTH AFRICAN Nick Price, an American tour regular for three years, is leading by four strokes after posting a six-un-der-par 66 first round in the £127,000 Lancome Trophy golf tournament in Saint Nom La Breteche on Thursday. Price, 28, who slept a solidAFP - 296 words
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Article409 1985-10-05 7 ASK ANY marathoner and he'll tell you that there's no better feeling than just knowing that ycu have conquered yourself that you have gone above and beyond the realms of sheer physical endurance. Tomorrow, at the ungodly hour of 6.30 am, about 4,200 scantily-clad men409 words
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Article606 1985-10-05 7 THE GREATEST Victorian football league team of all time. High praise indeed, but after seeing Kevin Sheedy's Essendon Bombers humiliate Allan Jeans's Hawthorn by 78 points at the Melbourne Cricket Ground last Saturday, who could argue? Essendon's win, its second successive victory against Hawthorn606 words
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Article, Illustration562 1985-10-05 7 BRIAN MILLER - Local jockey gets golden chance to overtake Tiley By BRIAN MILLER IF SY LEONG harbours hopes of claiming this year's jockeys' title and I'm sure he does then, there's no better time than now for him to make his move.With Nigel Tiley sidelined for this weekend's562 words
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379 1985-10-05 7 WALTON MORAIS - By WALTON MORAIS AFTER A YEAR'S lapse, the Warren Golf Club strokeplay championships make a welcome return on the club's newly renovated course today. And with 80 players signing up to play in three divisions, it will be a grand comeback for the championships379 words
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286 1985-10-05 7 BOOSTED by a 76 per cent increase in prize money, the Philips Singapore Veterans Open tennis championships gets underway on Oct 14 to 20 at the Hollandse Club with plenty of sparkle. Tournament director George Cheng said the generous prize money increase had286 words
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132 1985-10-05 7 Reuter THE NATIONAL Broadcasting Company (NBC) has been awarded the US television rights for the 1988 Olympics in Seoul, in a deal worth at least a record US$3OO million. The contract features a provision for profit-sharing and could rise in value toReuter - 132 words
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Article, Illustration379 1985-10-05 7 AFP THE SECRET of Australia Ill's keel is out less than a week after the christening of Alan Bond's big hope to keep the America's Cup. Observers flying over the Ben Lexcen-designed 12-metre craft as it raced in the Indian Ocean, offAFP - 379 words
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Page 7 Miscellaneous
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Miscellaneous1211 1985-10-05 7 to (MD mm rf JMm SATURDAY NIGHT MOVIE "Tho Pilot" 11.05 pin, Channel 5 Mike Hagan is a former crop duster pilot who is forced by his status-conscious wife to go into commercial aviation. In doing so, he becomes an award-winning and respectable pilot, but the price he pays is1,211 words
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Miscellaneous25 1985-10-05 7 STfcP>NG£ THiMGj -TMiMGS PTT ~*HC FtRmDOM'T scan hrlf so &po RSfwev D»D tt>» OLD DFV/S. Voo'Re^'C^HT.. -r 1 M COLLECT LSOV?Y Rose cotcOßeP sPe.c"n^CL€,s He&e.25 words
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INTERNATIONAL STOCKS
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Article281 1985-10-05 8 Managers' prices for Oct 5 A 7 MARA-Bumiputra First B'putro 5 18 5 23 Singapore Unit Trust Second B'putro Thtrd B'putro 4 76 4 81 3 85 3 90 The Commerce 1 87 1 98 Fourth B'putro 4 25 4 30 The Savings Fund 1 36 1 44281 words
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Article98 1985-10-05 8 HONGKONG Hong Seng Index Thursday 1471.9 Week ago 1445.7 Friday 1587 44 NEW YORK Thursday 1581.07 Week ago 1511.80 Dow Jones Thursday 1333.11 TOKYO Wednesday 1333.67 Week ago 1320.79 Standard Poors Tokyo Dow Jones Friday *****83 Thursday ***** 86 Thursday 184.36 Week ago *****.71 Wednesday 184.06 Week ago98 words
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Article110 1985-10-05 8 AFP THE US beauty products firm Revlon, the target of a takeover bid by Pantry Pride, will be sold instead to the investment firm of Forstmann Little and Co for US$l.6 billion. A joint ForstmannRevlon statement said that an agreement concluded on Thursday also called forAFP - 110 words
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363 1985-10-05 8 Reuter THE NEW YORK stock market followed an erratic course on Thursday and finished narrowly mixed, with investors apparently having trouble making up their minds on what would happen next. Takeover stocks were back in the spotlight as new rumours and old rumours propelledReuter - 363 words
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Article128 1985-10-05 8 OCT 03 Hud Boy Mn c$ Imp 04 51* Inco 17 Ab«t*» 20'* urvch 42* Alcan 34* 15* 18* unch Argoen hftdgs Lobtaw B 20 Bonk Mont 29* Mouey Ferg 3* unch Bonk Nova Scoho 12* unch Mc BkxJel 17* 41 18 32* 24* 33 unch Norondo Can Imp128 words
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Article214 1985-10-05 8 OCT 03 Bond UnsK Wodworth 535 1450 -5 25 INDUSTRIALS MININGS A Alpho 850 •10 unch unch -5 3210 -70 *****6 -700 475 1415 25 2750 25 -20 Buff eh 7100 100 1120 Chortet 750 25 2350 -50 I760S CNA 255S Cons Murch 1100 25 420 -10 1225 -5214 words
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Article398 1985-10-05 8 OCT 03 us$ Firestone Tn 19* 14* Natl Gypsum Co 32* 25* FMC Cp 63* 33* Ford Motor 45* Norfofc 68* 23* Freeport Mmrl 19* 2 AWd Cham Cp 44* 53 7 Freuhout Cp 24* 14* 3* Ofcn Cp 33* 55 H GAF Cp 37* ifKh .1 39*398 words
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Article923 1985-10-05 8 Amsterdam OCT 03 Fb ABN Argon 93 30 -0 7 Ahold 258 00 -1 121 00 +1 8 AMfV 278 50 -2 5 Amfos 85 80 -0 2 BerVe* 38 50 -0 7 Boh 424 00 -4 Bur Tel 101 70 -13 Cotaod 443 00 -I Dek Mi,923 words
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Page 8 Advertisements
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Advertisement636 1985-10-05 8 Mr- i k mh 'kil^-' %/> H IS T > •,-i.-- ii ~r. -7b -~w ■v <•-, -v V* S3 fv »«s> •_> > >•" N r* Jt mi f 0 > V? <■ \V. J* Specialized in: HONG KONG DIAN XIN CANTONESE CGISINE Business Hours: 11.00 am 2.30pm (Sundays636 words
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Advertisement122 1985-10-05 8 /a Ttye 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. Body N Soul from the Philippines. They'll captivate you! Happy Hours: spm 7pm, 50% off all drinks (pouring brands) CROWD ®PWCE HOTEL tiaciroai Continuing122 words
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ASIAN STOCKS
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Article281 1985-10-05 9 OCT 04 NT J Lien H»a Indus 1260 unch Nan Yo Plos 24 20 -0 1 Al Sincere Irxfc/s 271 -0 13 Pacific Cons 1480 -0 05 Asm Cement 1900 0 1 Pacific Elect 13 00 Cothoy Coos 23 30 -0 1 W ire O 15 Chong Hwa Bonk281 words
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Article157 1985-10-05 9 Reuter THE DISCLOSURE by Bell Resources Ltd that it held 10 per cent of the Broken Hill Pty Co Ltd (BHP) at the close of business on Oct 2 probably understates the stake controlled by Robert Holmes a Court's companies, share analysts said. Bell earlier saidReuter - 157 words
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Article71 1985-10-05 9 HONGKONG: Share prices closed mostly higher yesterday with continued buying from overseas fund managers noted. Although the market lacked any fresh factors, fund managers were acquiring the stocks in view of the relatively low prices against overseas securities and prospects of low local interest rates. The Hang Seng index finished71 words
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Article412 1985-10-05 9 TOKYO: Share prices ended mixed in dull trading as investors appeared uncertain of the future direction of the market. The market average gained 12.97 to 12,713.83 after losing 19.64 on Thursday. Turnover was a light 380 million shares against 450 million the day before and 800 million on Wednesday.412 words
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Article88 1985-10-05 9 MANILA: Share prices closed higher in quiet trading, dealers said. The Commercial and Industrial Index rose 1.90 to 167.59, while the mining marker was up 5.93 to 663.82 and oils gained 0.011 to 0.815. OCT 04 Oriental B Ph4ex B 0015 0 14 inch 0005 0001 unch plot 3588 words
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Article423 1985-10-05 9 SYDNEY: Australian share prices soared to their fourth record this week as heavy trading in blue-chip stocks and good support for the gold sector kept the All Ordinaries Index well above the 1000-point mark, brokers said. Near the close of trading, the All Ordinaries had added 5.2 points to423 words
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Article162 1985-10-05 9 BANGKOK: Bangkok stock prices closed lower in moderate trading, the Securities Exchange of Thailand said. The Book Club Index fell 0.39 points to 132.57 and losers led gainers by a four-to-one margin. Turnover was 1.5 million shares worth 56.0 million baht. Siam City Cement lost four baht to 490,162 words
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Article75 1985-10-05 9 OCT 4 Won Hyundoi Carat 911 unch Hyundoi Motor 945 -4 724 KAL *66 11 Chohemg 0k 705 -3 Korea Fnt 760 1353 +6 10 526 6 Korea Sh*> 468 19 485 5 Lucky Ltd 631 10 670 5 Samsung Co 705 +9 Dong Ah 610 -15 Samsung Elec75 words
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Article63 1985-10-05 9 Reuter LOCKHEED CORP said Japan's Defence Agency has signed a memorandum of understanding with the US Department of Defence to build 30 P-3C Orion antisubmarine warfare aircraft under license from Lockheed. In addition, Japan's National Defence Council has approved a plan to build another 25 P-3Cs.Reuter - 63 words
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310 1985-10-05 9 THE WEST GERMAN aerospace group, Messerschmitt-Bolkow-Blohn (MBB), has formally offered to develop and produce military and civil helicopters, as well as a short-range passenger aircraft, in China. Senior MBB officials including chairman Hanns Vogels who are travelling with the Bavarian Premier, Franz-Josef Strauss on310 words
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193 1985-10-05 9 FT KOREA Heavy Industries and the Suez Cement Company have signed a US$l2B million agreement for an extension to an existing cement works south of Suez on the Red Sea. This is the biggest contract awarded in Egypt to a South Korean construction company andFT - 193 words
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Article73 1985-10-05 9 AFP TWO JAPANESE companies have agreed to hold a 20 per cent equity share in a Turkish truck company, Anadolu Otomotive Sanayii Ve Ticaret AS. Isuzu Motors Ltd will own 15 per cent and trading company C Itoh and Co 5 per cent of Anadolu's paidup capital. IsuzuAFP - 73 words
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Page 9 Advertisements
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Advertisement481 1985-10-05 9 T »Oa «i 1 1 I-- 3 BBS :*MZi 'J m r )r.& r^/f% Harbour Grill \v c. t d s Nightly to an ambience of quiet elegance, our chefs tempt and surprise with the ultimate gourmet adventure. Cuisine en Evolution. The Harbour Grill. The experience is.. Distinctively Hilton in481 words
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Advertisement258 1985-10-05 9 KIRIN COURT The better Cantonese Cuisine Businessmen Lunch CCA++ (for four persons) 1. Soup of the 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 Squid258 words
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SHARE INFORMATION
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Article, Illustration4390 1985-10-05 10 THE Singapore stock market put up a mixed performance yesterday when a late round of profit-taking pared the day's early gains as punters squared their books ahead of the weekend. The Straits Times Industrial Index improved by 1.68 points to 767.40, while the4,390 words
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Article252 1985-10-05 10 SINGAPORE Di,„ Indices nises Oct a Oct 4 M r BT Composite 664 04 665 64 > Q +"06 IT Indicator *****82 *****22 y°.!*V?. ts ,T 0«/OS 43 -110 *TpwL7.Ca, CA0 < 5147 -5151 Mr **>»"• 50« 213 4 9 o»v -***** ***** lLTSS otI t ST252 words
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Article5193 1985-10-05 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".5,193 words
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COMPANY NEWS
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Article, Illustration277 1985-10-05 11 (SGpj? (pArcra HOCK LOCK SIEW WHILE THE MARKET continues to feature more new stocks daily, some old favourites which are currently neglected have been resting and are poised to stage a breakout soon. One such stock is Norsechem (M) Bhd. Early this year, the counter had a spiritedHOCK LOCK SIEW - 277 words
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Article69 1985-10-05 11 ROTHMANS of Pall Mall (Malaysia) Berhad: 24th AGM at Virginia Park, Jalan Universiti, Petaling Jaya, on Thursday, Oct 10, at 11 am. BENTA PLANTATIONS Berhad: 63rd AGM at the Negara Room, The Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur on Tuesday, Oct 15, at 10 am. ROTHMANS69 words
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358 1985-10-05 11 HOMER CHEN - By HOMER CHEN THE PROVISIONAL liquidators for Lamipak Industries Pte Ltd and its subsidiary, Panther Pte Ltd, are assessing the viability of the business and possibly working out a restructuring plan which could see some creditors becoming shareholders. BT understands that a restructuring358 words
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Article94 1985-10-05 11 THE SES has given in-principle approval for Jack Chia-MPH to acquire 50 per cent of the paidup capital of Haw Par Tiger Balm International from Jack Chia Holdings (Hongkong) Ltd, and 50 per cent of the paid-up capital of Haw Par Eng Aun Tong from Jack Chia Properties94 words
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518 1985-10-05 11 AMY CHEOK - By AMY CHEOK MALAYSIAN BUSINESSMAN Mr Lee Ming Tee's return to the Singapore corporate scene via a seat on the board of Allied Chocolate does not signal his retreat from Australia. Mr Lee said from Sydney: "I am not pulling out of518 words
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Article334 1985-10-05 11 CHEQ-POINT (M) Sdn Bhd, a 75 per cent subsidiary of Malaysian Resources Corporation Bhd, is building an MsB million club exclusively for its Gold Card members in the Jalan Hulu Kelang area. The club, part of the Wangsa Ukay villa and condominium development, will provide334 words
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250 1985-10-05 11 FRESH BUYING support which emerged in the afternoon session helped a dozen speculative issues to buck the trend and put up impressive gains. The overall market was still mixed as many stocks succumbed to profit-taking. The trading pace, however, slowed down considerably as most250 words
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Article3479 1985-10-05 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. VOUSTRMLS A Choc (3 088 3 10SX3) 3 14 (7)3,479 words
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Page 11 Advertisements
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Advertisement279 1985-10-05 11 NOTICES THE COMPANIES ACT, CAP. lM PORT CANNING REALTY COMPANY (PRIVATE) P I,' I 4 X >. (In UqakUtiM) At a general meeting of FORT CANNING REALTY COMPANY (PRIVATE) LIMITED duly convened and held on the 30th day of September, 1985 the following special resolution was passed: SPECIAL RESOLUTION That279 words
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Advertisement280 1985-10-05 11 IN THE MATTER OF THE COMPANIES ACT, CAP 185 AND IN THE MATTES OP PERKASA AND ALAS IRON STEEL PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary Genral Meeting of the abovenamed Company duly convened and held at Blk 125 Bukit Merah Lane 1, #03-168, Singapore 0315, on 4280 words
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Advertisement398 1985-10-05 11 IN THE MATTER OP THE COMPANIES ACT CHAPTER 1M AND IN THE MATTER OP SEA PR EIGHT PTE LTD At an Extraordinary General Meeting of Sea Freight Pte Ltd, duly convened and held at 20 Kramat Lane, #03-01 C United House. Singapore 0922 on Thursday 26th September 1985, the following398 words
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Advertisement275 1985-10-05 11 IN THE MATTES OF THE COMPANIES ACT CHAPTER IK AND IN THE MATTER OP /.V#C »Vi >f' 'J > CO (8) PTE LTD At an Extraordinary General Meeting of Freeway Developer Co (S) Pte Ltd, duly convened and held at A 6339 Senoko Road. Singapore 2775 on Thursday 26th September275 words
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440 1985-10-05 12 LIM SOON NEO - By LIM SOON NEO NEXT YEAR, Singapore, for the first time, will be the venue of more than 10 meetings with over 1,000 delegates each. It will lend greater credence to the nation's position as one of the top 10 convention cities in the world.440 words
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Article252 1985-10-05 12 FEWER TOURISTS visited Singapore in August than in the same month last year. But for the first eight months of this year, there were still more visitors than in the same period in 1984. According to the Singapore Tourist Promotion Board, there were 279,252 visitors252 words
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Article427 1985-10-05 12 RICHARD SEAH - By RICHARD SEAH RETRENCHED WORKERS need training to be re-employed, but there was nobody to train them, a speaker at a conference on redundancy pointed out yesterday. Employers, unions and the government should look seriously at this problem. And, the Skills Development Fund Council should consider427 words
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Article1068 1985-10-05 12 SHARE PRICES yesterday opened mixed with a firmer bias but dealers noted trading was fairly thin. At 0845 GMT the FTSE 100 was up two points at 1,307.3. Selected major exporters eased on the strength of sterling, with ICI 5p off at 647 but Glaxo added 5p to1,068 words
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167 1985-10-05 12 UPI Reuter FRANCE yesterday rejected a proposal by Soviet leader Mikhail Gorbachev for separate nuclear arms negotiations between their two countries. Speaking at a joint news conference on Gorbachev's third day of his four-day state visit to France, President Francois Mitterrand acceptedUPI; Reuter - 167 words
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Article84 1985-10-05 12 THE NATIONAL Trades Union Congress is expected to submit its views on wage reforms to the National Wages Council by the end of this month. Discussions will be held between representatives of affiliated unions from the different sectors and Mr Lim Boon Heng, the NTUC84 words
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Article41 1985-10-05 12 LAND IN Pandan, Sembawang, Mandai and Bukit Timah, including 600,000 square metres that belong to the family of property magnate Khoo Teck Puat, the owner of the Goodwood Group, has been acquired by the government for general development.41 words
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Article71 1985-10-05 12 LONDON has welcomed Moscow's latest arms control proposals and will consider direct arms talks if Moscow and Washington agree on radical cuts. British Foreign Secretary Sir Geoffrey Howe yesterday said that no formal proposal for bilateral talks on reducing nuclear weapons had been made to71 words
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173 1985-10-05 12 Reuter A CHANGE of method in computing Japan's economic growth gave defence chiefs a breathing space yesterday in their efforts to push up military spending. A new system of calculating the gross national product (GNP) means that the proposed defence expenditure for at least theReuter - 173 words
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88 1985-10-05 12 Reuter THAILAND reshuffled its top military commanders yesterday, bolstering Prime Minister Prem Tinsulanonda against a coup attempt by politically powerful soldiers, Thai and western officers said. A key promotion advanced one of Mr Prem's most trusted advisers, Chaovalit Yongchaiyuth, to full general and armyReuter - 88 words
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Article, Illustration62 1985-10-05 12 WALTER POLOVCHAK, the Ukrainian youth who ran away from hia parents rather than return to the Soviet Union, celebrates hia 18th birthday on Thuraday on Paramount Televiaion'a ahow, 'America'. Here, Polovchak (second from left) ia with Sarah Pureed, Julian Kulaa (attorney) and Mac Lean62 words
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Article291 1985-10-05 12 Reuter CHINA HAS too much money in circulation and its banks are issuing too many loans in defiance of official warnings and government efforts to curb overspending, a top economist said in Beijing yesterday. Wang Xiangpin, a member of the State Planning Commission, wrote in the officialReuter - 291 words
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Article78 1985-10-05 12 Reuter THE International Monetary Fund (IMF) yesterday said it was ready to send Mexico US$9OO million in emergency aid to help rebuild those areas devastated by earthquakes. It said it would respond quickly to requests for help from Mexico, where many buildings are stillReuter - 78 words
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440 1985-10-05 12 THE MASS Rapid Transit Corporation has been asked to help ensure the collection of taxes due from foreign contractors working on its projects. An official of the IRD said yesterday that it had had discussions with the MRTC on this issue since last440 words
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342 1985-10-05 12 THE SINGAPORE Tourist Promotion Board (STPB) is prepared to subsidise the advertising efforts of hotels in the Asean markets between now and December. "We'll definitely go ahead with the scheme if there is enough response," said Mr Joseph Kong, the deputy executive342 words
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Article75 1985-10-05 12 THE NEW YORK stock market pulled lower in early trading yesterday after a government report that the civilian unemployment rate in September had increased to 7.1 per cent from 7.0 per cent in August. The Dow Jones Industrial Average was off five points to 1328. Declines led75 words
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LATE FILE
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33 1985-10-05 12 Reuter THE US CIVILIAN unemployment rate rose to 7.1 per cent in September from 7.0 per cent the previous month, the Labour Department said in Washington yesterday.Reuter - 33 words
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Article49 1985-10-05 12 Reuter TOKYO was rocked by the strongest earthquake to hit the Japanese capital in more than 50 years. The quake was measured by the Meteorological Agency at an intensity of five on the Japanese scale of seven. There were no immediate reports of damage or casualties.Reuter - 49 words
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Article56 1985-10-05 12 Reuter CENTRAL banks spent nearly US$3.5 billion in foreign exchange market intervention among the Group of Five (G-5) which met on Sep 22 and Oct 1, monetary sources said in Seoul yesterday. A breakdown of the intervention has been circulated among G-5 nations ahead ofReuter - 56 words
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Article47 1985-10-05 12 Reuter FRENCH President Francois Mitterrand knew a month in advance of a plan to "immobilise" the Greenpeace environmentalist group's ship, Rainbow Warrior in New Zealand, the Paris newspaper Le Figaro reported yesterday. It said the plan was approved in early June at a meeting.Reuter - 47 words
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Article43 1985-10-05 12 Reuter CHINA'S output of light industrial goods in the first eight months of this year has surpassed 100 billion yuan for the first time, the China Daily said yesterday. It did not give a comparative figure for 1984. ReuterReuter - 43 words
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Article37 1985-10-05 12 Reuter A TAIWANESE trade delegation will leave today for three days of talks in Washington to try to head off growing US protectionism, Vice Economics Minister Wang Chien-hsien said in Taipei yesterday. ReuterReuter - 37 words
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36 1985-10-05 12 Bernama THE SABAH Foundation has cancelled two projects sponsored by former Chief Minister Datuk Harris Salleh involving a capital of Ms7s million, chairman Dr Jeffrey Kitingan said in Kota Kinabalu yesterday. BernamaBernama - 36 words
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Article42 1985-10-05 12 Reuter JAPAN may ban the import of Krugerrands following a US ban on the coin this week as part of a package of limited US economic sanctions against South Africa, Foreign Ministry sources said in Tokyo yesterday. ReuterReuter - 42 words
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56 1985-10-05 12 AP AN AUSTRALIAN politician yesterday called for a halt on koala bear exports to Japan after two of the cuddly marsupials died in Japanese zoos during the past month. Senator Don Chipp, leader of the Australian Democrats, said sending the creatures to JapanAP - 56 words
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Page 12 Advertisements
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Advertisement64 1985-10-05 12 LIN LIN SHIPPING PTE. LTD. 1. Magazine Road. *05-08. Central Building. Singapore 0105. T»l *****14 A *****22 WEEKLY SERVICE SINGAPORE TO KUCHING-SIBU-SARIKEI Lin Petaling II Lin Petaling ETA 9 10 85 17 10 85 8 10 85 ETD 10 10 85 18 1085 9 10 85 18 10 85 1964 words
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Advertisement7 1985-10-05 12 Soviet call for arms talks, Paga 37 words
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Advertisement79 1985-10-05 12 Comex gold and silver reports wore not available at press time. ©SINGAPORE FACTORY DEVELOPMENT LTD 5575,000,000 GUARANTEED FLOATING RATE NOTES DUE APRIL 1986 In accordance with the provisions of the Notes, notice is hereby given that for the Interest Period from 4th October 1985 to 4th January 1986, the Notes79 words
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Page 12 Miscellaneous
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Miscellaneous57 1985-10-05 12 Outlook for todoy: Showers over many oreos before dawn and in the early morning. Report for 24 hours prior to 7 30pm on Oct 4 at th« airport: Maximum temperature 31.4 Associated humidity 60. Minimum temperature 23.3 Associated humidity 97 Hours of sunshine 7.85 Rainfall in millimetres nil Roinfoll this57 words
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