The Business Times, 26 October 1985
1985-10-26
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The Business Times
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Title Section12 1985-10-26 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, OCTOBER ft, 1985 75 CENTS12 words
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479 1985-10-26 1 DAVID GABRIEL - By DAVID GABRIEL THE LONG-AWAITED guidelines on merchant banking were finally released by the Monetary Authority of Singapore yesterday, and met an initially warm reception along Shenton Way. Discussions with the MAS over the drawing up a comprehensive set of guidelines have been479 words
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Article679 1985-10-26 1 Defence spending cut by 30 per cent; higher taxes on liquor, cigarettes MALAYSIAN Finance Minister Daim Zainuddin yesterday unveiled a budget with a basketful of incentives to stimulate private sector activity, a 30-per cent cut in defence spending, and higher taxes on liquor, cigarettes and679 words
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Article440 1985-10-26 1 ELAINE KOH - By ELAINE KOH A SECOND ATTEMPT to remove accountants Deloitte Haskins and Sells as liquidators of Lamipak is being mounted by the former managing director of the plastic bag group, Francis Siah, who is now on $3 million bail on charges of cheating. And it440 words
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141 1985-10-26 1 Reuter INDONESIANS HAVE been given an official warning that they must face a period of belt-tight-ening if the country's oil-depen-dent economy is to cope with a weakening oU market. Finance Minister Radius Prawiro said after meeting President Suharto on Thursday that theReuter - 141 words
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Article, Illustration94 1985-10-26 1 A LATE BOUND price Armmm ahead of the Malaysian Badget yesterday helped te Utt share prices fsr the third consecutive day M the Steek Exchange sf Singapore. Here was active participation among Malaysian situational sad speculative Issses as Investors aad punters scrambled te try sad get In some94 words
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396 1985-10-26 1 ALVIN TAY - By ALVIN TAY COMPETITION by government authorities and companies has been named as the most serious problem facing Singapore's engineering consultancy industry. Last night the president of the Association of Consulting Engineers called on government bodies to stop competing with the private sector.396 words
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Article, Illustration433 1985-10-26 1 LUCY NG - By LUCY NG THE NATIONAL Trades Union Congress has requested a meeting between the government and unions on behalf of public sector workers in an attempt to end the confusion surrounding the recent announcement of impending salary revisions through the Press. At a433 words
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Article53 1985-10-26 1 WEST GERMANY turned in another impressive trade performance in September, lending weight to forecasts that it is heading for a record surplus this year. Preliminary government figures showed the trade surplus widened to 7.4 billion marks last month from 3.3 billion in August and 5.3 billion53 words
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Page 1 Advertisements
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Advertisement237 1985-10-26 1 f N EX- A SI >rv- ASIA gggjj ELECTRONICS B6 S E Asia's 6th International Exhibition of Electronic Components. Assemblies. System Packaging and Production Technology 21 25 October 1986 World Trade Centre, Singapore LNTERFAMA EXHIBITIONS PTE LTD Parkway Builders Cefltre #10-03 06 1. Marine Paratle Central Singapore 1544 Tel *****00237 words
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Advertisement276 1985-10-26 1 More Malaysian budget stories on page 4 SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS SHIPS IN PORT CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW THE ARGUMENT that the Chinese language should be included in MRT signs because of the Speak-Mandarin campaign does not hold water. That campaign is not276 words
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Advertisement158 1985-10-26 1 Full report, Ps«« 10 Intl stocks, Psgs Asian stocks, Rags 9 Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of our own. It's not easy to turn that dream into reality. But it may not be as difficult as you think. Not if Wayfoong give158 words
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Advertisement52 1985-10-26 1 ENEX• A S I At =m ELECTRIC- ASIA 86 S E Asia s 6th International Exhibition of Electrical Engineering,lnstrumentation. Controls, Fittings and Accessories 21 25 October 1986 World Trade Centre. Singapore INTERFAMA EXHIBITIONS PTE LTD Partway Builders Centre "10 03 06 1 Marine Parade Central Singapore 1544 Tel *****00 Tele.52 words
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HOME NEWS
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412 1985-10-26 2 ELAINE KOH - By ELAINE KOH TRADE UNIONS recruited 21,700 new members in the first eight months of the year but lost 16,900 largely through retrenchments. "Until the economy shows definite signs of a robust revival, we will continue to be plagued by waves of erosion in our membership412 words
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104 1985-10-26 2 SINGAPORE businessmen can open the door for Indian companies long protected from foreign competition in the overseas market, said the head of the Trade Development Board (TDB) yesterday. In its trade push with India, the TDB's chief executive officer, Mr Leong Chee Whye,104 words
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306 1985-10-26 2 SINGAPORE'S electrical industry is to be promoted by 12 companies at the Electric Indonesia '85 fair in Jakarta for the first time. Announcing this yesterday, the sponsor, which is the Trade Development Board, said the companies would show306 words
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Article, Illustration163 1985-10-26 2 AT FIRST GLANCE, it looks like the Thunderdome of the recent movie, "Mad Max Beyond Thunderdome" with multiple radio control towers. But this rather unusual concave structure, when completed, will not be used for gory duels to the death. Rather, it will concentrate on less163 words
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Article61 1985-10-26 2 FIGURINE PANINI, distributors of the World Of Survival and Age of Dinosaurs sticker albums for children, yesterday donated $58,000 to the Community Chest of Singapore. The contribution comes from sales of the World of Survival, a range of animal stickers for children launched in January61 words
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Article58 1985-10-26 2 THE LAW SOCIETY is holding a walk-a-jog on Nov 3, and hopes to raise at least $100,000 for the Community Chest. Chief Justice Wee Chong Jin will flag off about 500 people from the legal fraternity, their families and staff. The start/end point is the Singapore Cheshire Home. Refreshments,58 words
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378 1985-10-26 2 A HIGHER proportion of officers in the public service have the ability to use Mandarin at work now than six years ago, although a high percentage of them still use dialect as well. A survey to find out the ability378 words
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194 1985-10-26 2 WHILE THE government's series of concessionary measures will help business to a certain degree during the current economic slowdown, it is increased productivity that will guarantee Singapore's economic revival and progress in the long-term. "They are supportive measures. They will help sound business194 words
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197 1985-10-26 2 THE PRIME MINISTER'S visit to China, the hazards of Bedok Reservoir Road and the proposed construction of an indoor stadium will figure in some of the questions to be raised by Members of Parliament at the next Parliamentary session on Thursday. Some of the197 words
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Article78 1985-10-26 2 TELECOMS will introduce a telefax service to Sweden and International Direct Dialling service to Pakistan with effect from Oct 28 and Nov 1 respectively. Charges for the telefax service to Sweden is $19 for the first A 4 size page and $12 for subsequent A 4 size pages.78 words
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270 1985-10-26 2 SINGAPORE IS climbing steadily up the technological ladder but it still has some way to go in matching the industrial sophistication of developed nations, said Brig-Gen Lee Hsien Loong, the Minister of State (Trade and Industry). Speaking at the official opening of the270 words
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398 1985-10-26 2 CHUANG PECK MING - By CHUANG PECK MING A SHORTAGE OF experienced engineers still faces Singapore companies in spite of the stream of new engineering graduates looking for jobs. At least one company, General Motors Singapore, is now recruiting overseas after placing several advertisements locally in The Straits398 words
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172 1985-10-26 2 RECENT CHANGES at the office of the US and Foreign Commercial Service (USAFCS), including the shifting of the Regional Export Development Office (REDO) to Singapore, will mean more services available to businessmen. The number of staff at the office will be increased to 15172 words
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Article843 1985-10-26 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Deporture KEPPEL WHARVES Nicotto K19 Sealord alongside 26 10 85/0200 Serio K25E SSPL alongside 26 10 85/1830 Stroits Pride K24E SSPL alongside 26 10 85/1100 Tousolo Samoa K18 Sealion alongside 26.10 85/1630 26 10 85/1500 Auby K24E SSPL 27 10843 words
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Page 2 Advertisements
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Advertisement32 1985-10-26 2 <J ffi 00° V r, P -|0° ir Live-Band Music Non-Stop Dancing Charming Hostesses Gracious Service Office Nilt'-Cttib <fe Lounge 1, Claymore Drive, #02-11 Orchard Tower (Rear Block) Singapore 0923 "W: *****2632 words
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OVERSEAS
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482 1985-10-26 3 NYT THE AMERICAN House of Representatives has approved a package of spending cuts that would reduce the federal budget deficit by about US$6O billion over three years. The package, approved on Thursday by a vote of 228 to 199, includes major cuts in ruralNYT - 482 words
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226 1985-10-26 3 AP THE UNITED STATES Space Agency has announced the selection process for a US journalist to fly on the American space shuttle, promising the winning candidate "a first class round trip ticket for an unforgettable ride and an unforgettable experience." The journalist will beAP - 226 words
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229 1985-10-26 3 Reuter A SENIOR AMERICAN official has said that Washington would go ahead with bilateral trade accords if plans fall through for multinational negotiations under the General Agreement on Tariffs and Trade. An accord with Asean is one agreement being considered, officialsReuter - 229 words
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598 1985-10-26 3 NYT THE US SENATE on Thursday ignored threats of a presidential veto and warnings of economic disaster and strongly signalled its approval of a severe limit on textile and footwear imports. During a hectic day of complex parliamentary manoeuvering, the measure survived a keyNYT - 598 words
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Article259 1985-10-26 3 UPI FORTY PER CENT of Japanese surveyed in a poll think that their nation is being fairly blamed for US trade problems. This is one somewhat surprising result of the poll, conducted in the US by the Los Angeles Times and in Japan by theUPI - 259 words
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Article837 1985-10-26 3 ARRIVALS Operator Service Local From number time PAA PA21/5 0020 LAX/TYO/HKG UTA UT359I 0025 NOU SV SV379 0115 SEL CAL CI333 0130 TPE SIA SQ41 0535 MAA MK MK746 0755 MRU CV CV796 0815 LUX/DXB MAS MH68I 0820 KUL KAL KE624 0840 KUL MAS MH603 0905 KUL837 words
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280 1985-10-26 3 Bernama FILIPINOS will become the largest Asian population in the US by 1990, according to the Population Reference Bureau (PRB), a private group which monitors population trends in Washington DC. The PRB study said Filipinos, who now numbered 1,051,600, will surpass theBernama - 280 words
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Article130 1985-10-26 3 AFP A DELEGATION of Indonesian businessmen left Vietnam on Thursday after signing a "memorandum of understanding" to be used as a basis for future development of bilateral commercial relations. The official Vietnam News Agency said the memorandum was signed by the head of the Indone- sian delegation, DjukardiAFP - 130 words
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255 1985-10-26 3 AFP UPI BRITAIN, Japan, Italy, Canada and West Germany on Thursday expressed full support for President Ronald Reagan's proposals for US-Soviet talks to resolve regional conflicts in Asia, Africa and Central America. US Secretary of State George Shultz also said on Thursday thatAFP; UPI - 255 words
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Article127 1985-10-26 3 AFP THE EXECUTIVE Commission of the European Economic Community will take EC governments and airlines to the Community's Court of Justice if they do not take steps to deregulate air transport by June 1986, EC Transport Commissioner Stanley Clinton Davis said in The Hague onAFP - 127 words
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138 1985-10-26 3 Reuter CHINA'S imports in the first nine months of the year increased by 66.7 per cent over the year-ago period, while exports rose by only 2.3 per cent, Foreign Trade Ministry figures quoted by the New China News Agency show. The ministry said total foreignReuter - 138 words
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Article, Illustration61 1985-10-26 3 MARIO CORRADI hold* the near-lifeless body of 12-year-old Michelle Worth whom he plunged into a stormwater drain to rescue. The girl had been swept 300 metres along the drain by floodwater on Wednesday at suburban Fairfield. Clinically dead when rescued, Michelle was resuscitated61 words
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152 1985-10-26 3 AP IRAQ SAID its warp lanes raided two oil fields in the vicinity of Iran's Kharg Island oil terminal and left them ablaze. A military spokesman, reading a communique on the state radio on Thursday, said nine jet fighters launched a "surprise,AP - 152 words
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Article46 1985-10-26 3 AP JOSE LADISLAO BIRO, inventor of the common ball-point pen, has died at the age of 86. Biro died on Thursday morning in Buenos Aires's German hospital after what was described as a brief illness, according to relatives and hospital officials.AP - 46 words
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Page 3 Advertisements
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Advertisement6 1985-10-26 3 PanAm s747SP Easiest Daily to New^brk.6 words
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Advertisement32 1985-10-26 3 00 Indian Overseas Bank (Wholly owned by Government of India) to serve you better We are Moving to OUR OWN Building Shortly Our New Address: 108 BUILDING 64 CECIL STREE SINGAPORE 0104.32 words
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MALAYSIAN BUDGET 1985/'86
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1129 1985-10-26 4 Sternly Qjropn last year's 7.6 pc Bernama AFTER RECORDING strong growth last year, the Malaysian economy faces a less favourable year this year with a slowdown in the real growth of the gross domestic product to 5.2 per cent, according toBernama - 1,129 words
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298 1985-10-26 4 Bernama MALAYSIA'S outstanding debt both domestic and foreign is expected to increase 9.1 per cent to M 572.9 billion this year from $66.8 billion last year, according to the Treasury report. Total interest payments of Federal government debt increased to $5.4 billionBernama - 298 words
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451 1985-10-26 4 Bernama THE SALARY ADJUSTMENT for lower category civil servants that came into effect in July was largely responsible for pushing up the Malaysian government's budgeted operating expenditure this year by 1.6 per cent to M 521,895 million. The Treasury report says the payment of salariesBernama - 451 words
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Article139 1985-10-26 4 Bernama THE MALAYSIAN Treasury report for 1985/86 predicts a stable Malaysian ringgit between now and the end of 1985 in relation to most major currencies against which it had depreciated in the first three quarters of the year. "Although lower growth is expected in the Malaysian economyBernama - 139 words
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RAW MATERIALS
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Article172 1985-10-26 4 SINGAPORE THE MARKET yesterday closed quietly easier with November One RSS buyers quoted at 156.75 cents per kilo, down 2.25 cents from Thursday. MALAYSIA Lower Japanese and Singapore advices made the market close easier at 181.00 cents per kilo for Nov Int One RSS buyers, down 1.50 cents from172 words
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Article353 1985-10-26 4 RAS prices in S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 156 50 157 50N 155 75 I56 75N Int 1 RSS Nov 85 157 50 158 00 156 75 157 25 Int 1 RSS Dec 85 160 00 160353 words
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Article105 1985-10-26 4 THE MALAYSIAN crude palm oil market yesterday ruled quiet up to midday as operators were mostly sidelined following an uncertain trend on the Chicago soyoil market and ahead of Malaysia's 1986 Budget report. The refined palm oil market was also dull amid a continuing lack of demand. Palm105 words
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Article161 1985-10-26 4 WHEAT FUTURES on Thursday closed IJ/«l J US cents to l /i cent per bushel higher in moderately light trade on the Chicago Board of Trade, with December settling at US$3.l7 3 after posting a 3Vi cent range on the day. Prices firmed from opening lows on trade talk161 words
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Article144 1985-10-26 4 SOYBEAN FUTURES on Thursday closed on or near the lows, off one cent to 3 3 US cents per bushel. November settled at USss.o2' 2 after posting a three cent range. A stronger than expected US dollar and the outlook for clearing weather and expanded harvesting weighed on soybean144 words
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Article107 1985-10-26 4 (cents/kg, 1-ton pollets) fs|QV 35 DEC 85 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 151 50 153 50N 152 50 154 SON SSR 50 149 50 151 50N 150 50 152 SON MRELB Buyers Sellers Buyers Sellers SMR CV 209 00107 words
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Article150 1985-10-26 4 Chinese Produce Exchange (Sellers' noon closing Oct 25 (SJ/100 kg). prices on Coconut oil Bulk FOB 7500 Old drum FOB 88 00 New drum FOB 92 00 Copra 40 Mixed (loose) buyers Pepper Muntok White 1000 00 FOB NLW Sorawak White 990 00 FOB faq NLW Sarawak special150 words
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Article290 1985-10-26 4 Singapore (S$/kilo, ei-godown) Fragrant new crop 1st 0.76 2nd 0 54 3fd 0 52 New Crop 25% no stock 10% no stock Thai Broken A-super 0 54 Special 0 52 Thai Rice 55% no stock China Rice 10% no stock 15% 072 25% no stock 35% no stock Thai290 words
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Article96 1985-10-26 4 MALAYSIAN tin traders and smelters yesterday said they are sidelined ahead of next week's International Tin Council (ITC) emergency session because the Kuala Lumpur Tin Market (KLTM) cannot operate without tin trading on the London Metal Exchange (LME). One trader said: "It all depends on the96 words
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Article178 1985-10-26 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix !6's 2,450 Blue Phoenix 20's 2,600 Blue Phoenix 32's 2,950 Blue Phoenix 40's 3,300 Carded yarn, hank Blue Phoenix 21's 2,750 Combed yarn, cones Blue Phoenix 32's 4,300 Blue Phoenix 40's 4,500 Open-end yarn Blue178 words
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Article799 1985-10-26 4 COFFEE ROBUSTA COFFEE FUTURES on Thursday ended a very active and buoyant day with gains from Wednesday night's close of £103 to £90 a tonne, lifted by good commission house and speculative buying following a sharply firmer New York both on Wednesday and on Thursday. An easier sterling799 words
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Page 4 Miscellaneous
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Miscellaneous23 1985-10-26 4 Minimis ON3 LONG HORROR. shouj or wars, p&seamoN, ANP HUMAN SUFF&IN6 INFUCIWOY 7HOse ACTING IN THBNAMZOFGOPf iEAH,mi,ote OFTHSMSURS HAS STINKING UP THE WWM)CAR&WCH_23 words
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BANKING AND FINANCE
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Article, Illustration600 1985-10-26 5 SINGAPORE THE US dollar yesterday closed easier against most major currencies, but above the day's lows in active late trading. It closed weaker at 214.75/90 yen compared with New York's 216.40/50 close, but above its low of 213.60, and at 2.6445/60 marks against 2.6525/75 and 2.6320, respectively. It600 words
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Article248 1985-10-26 5 Interbank rotes at 3pm yesterday: CurrenciM Nominal ritM Smithsonian Bid Offer ct on parity change Local dollars to on« unit of foreign currency: US dollar 2.1395 2.1405 2 8196 -24 12 Sterling pound 3 0519 ***** 7 3469 -58 46 Australian dollar 1 4944 1 4972 3 4286248 words
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Article246 1985-10-26 5 Asian market ASIAN DOLLAR yesterday deposit rates closed steady at opening levels in quiet afternoon trading. Onemonth term rate ended at 8-3/16 8-1/16, three months at B'/ 4 B'/g and six months at 8H B'/ 4 Interbank depMlt rates us$ OHer Bid 7 days 8 3/16 8 1/16 1 month246 words
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Article149 1985-10-26 5 RESULTS OF TENDER held on Oct 25 for 91-day Treasury bills to be issued from Oct 28 to Oct 31 and Nov 1,1985. Offered: $100,000,000. Applied for: $251,600,000. Alfotted: $100,000,000. Accepted bids: $99.29 approximately 8 per cent; higher bids in full. Average rate of discoont on allotment: 2.810149 words
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Article343 1985-10-26 5 BA Futures THE larger than expected fall in money supply yesterday saw the EurwUll&r futures opening higher than IMM's close but still lower than Thursday's close in Simex. After opening at 91.76, the December contract edged higher to 91.79 triggering off buy-stop orders in the process. Liffe opening sawBA Futures - 343 words
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Article227 1985-10-26 5 HONGKONG: GOLD yesterday closed firmer in fairly quiet trading in the absence of fresh factors. It ended at U*****.10/50 an ounce compared with New York's 325.50/326.00 close and the Thursday's 326.30/70 finish. On the local market gold slipped HK$l to close at HK53,033 a tael. Krugerrands closed unchanged at227 words
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Article76 1985-10-26 5 THE OVERNIGHT rate on the Singapore interbank money market fell by V* point from Thursday to close at 3% per cent yesterday. The one- and two-month term rates fell by point while the three-month term rate fell by 1/16 point. S$ Interbank rotes at 3pm yesterday: OH*> B>d76 words
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490 1985-10-26 5 NYT THE SWISS National Bank, the country's central bank, has indicated that it may in future allow Swiss franc capital market issues to be made outside the country a move that would represent a far-reaching shift in present policies. So far, only banksNYT - 490 words
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Article83 1985-10-26 5 Reuter WEST GERMAN banks must make their own decision about extending new credits to heavily indebted nations in line with the plan proposed by US Treasury Secretary James Baker, Bundesbank President Karl Otto Poehl said yesterday. Mr Poehl said: "We have always refused until nowReuter - 83 words
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193 1985-10-26 5 AFP THE WORLD BANK opened its office in Beijing yesterday with praise for China's accomplishments and a prescription for more rapid growth in per capita national income. Mr Earnest Stern, the senior vice president for operations, said China's reformers had succeeded in boosting incentives whileAFP - 193 words
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Page 5 Advertisements
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Advertisement790 1985-10-26 5 Indian Overseas Bank (Incorporated In India) Central Office: 762, Anna Salai, Madras 2 Balance Sheet As At 31st December 1984 A SHAKE CAPITAL (Wholly owned by Government of India) RESERVE FUND AND OTHER RESERVES Reserve Fund and Special Reserve CAPITAL AND RESERVES CURRENT LIABILITIES AND PROVISIONS (1) Current, Fixed, Savings790 words
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TIME – OFF
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Article522 1985-10-26 6 METRO, TO THE SINGAPOREAN, is a big department store chain. Correspondence is something he seldom writes. As for "sortie", that is something he needs to sort out. When the Singaporean tourist finds himself underneath Paris, metro becomes the underground railway system. Correspondence leads him to connecting522 words
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Article, Illustration379 1985-10-26 6 JAIME LYE - Seasons' Greetings will not make you laugh By JAIME LYE IF YOU WANT TO KNOW how Christmas is really spent by families who celebrate it, Seasons' Greetings, now playing at the Shangri-La Hotel, gives you the other side of the story behind the bright tinsels and colourful379 words
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Article, Illustration407 1985-10-26 6 BYRON JOYNER - By BYRON JOYNER OCTOBER may be coming to an end, but it certainly won't end without Halloween. The Druids started the fun at this autumn festival. They lit huge bonfires on Oct 31 to scare away evil spirits and witches from the harvest. The Christians called407 words
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Article1147 1985-10-26 6 What's on from Oct 26-Novl hhMHH CONCERTS: 380 celebrates the 300 th birthday of Bach, Handal and Scarlatti. Victoria Concert Hall. 8.15pm. Tickets: $4,57,510,515. Pavel Prantl, leader of the orchestra will perform Bach's Concerto for violin and string orchestra No 2 in E, BWV 1042. Programme for the evening1,147 words
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Article, Illustration127 1985-10-26 6 THE Singapore Symphony is going to give a very different performance next week different, that is, from their usual wellmannered, sit-down and play style. The stage is going to resound with the dancing feet of 33-cos-tumed children moving to the delightful music of the Carnival127 words
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Article, Illustration286 1985-10-26 6 DISEASES are normally acquired. But, we have come to know of one that can be bought. Who wants to buy it is not the question. There are people who want to sell. One group of such people is due to arrive next week from the US286 words
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Page 6 Miscellaneous
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Miscellaneous767 1985-10-26 6 CRYPTIC PUZZLE ACROSS 9 Anyhow, puts the waste, bundled up inside (9) 10 A man-made flower and it's white (9) 12 Present, or what you say when presenting something? (4) 13 Also was first to enter the city (6) 14 Playing and beating (7) 15 Unhappy, inform one it's found767 words
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SPORTS
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Article, Illustration620 1985-10-26 7 BRIAN MILLER - All the credentials to take Race 2 By BRIAN MILLER WITH THREE wins, four placings and 25 starts under his belt, Sc«rpi« m appears to have all the credentials to take Race 2 this afternoon and I won't look beyond him for the winner in this620 words
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Article, Illustration316 1985-10-26 7 Agencies RIVALRY BETWEEN the two Australian yacht syndicates fighting to defend the America's Cup could end in jail or death. Syndicate boss lan Murray said on Thursday that he could have been killed when his small power boat was rammed last Saturday by support boatsAgencies - 316 words
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474 1985-10-26 7 UPI KANSAS CITY Royal's manager Dick Howser is a man who keeps his word. After losing to the St Louis Cardinals in Game Four of the World Series on Wednesday, Howser promised that pitcher Janny Jackson would beat the Cardinals in ThursdayUPI - 474 words
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186 1985-10-26 7 AP THE HANSHIN TIGERS, who won their first Central League pennant in 21 years with a barrage of slugging, face the powerful pitching of Seibu Lions, the Pacific League champion, when Japan's version of the World Series opens in Tokyo today. The LionsAP - 186 words
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264 1985-10-26 7 UPI JO DURIE produced the first major upset of the week on Thursday by beating secondseeded West German Steffi Graf 6-2, 6-3 to reach the quarter-fi-nals of the U*****,000 Women's Classic tennis tournament. The 25-year-old Briton, who had slipped from fifthUPI - 264 words
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345 1985-10-26 7 UPI SINGAPORE'S Lim Swee Wah and Poh Eing Chong both carded four-over-par 74s in the first round of the U*****,500 Benson and Hedges Spanish Open golf championship at the Vallromanas course on Thursday. They ended the day nine shots adrift of leaders DavidUPI - 345 words
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361 1985-10-26 7 SINGAPORE'S rookie pro Lim Kian Kee, seeking his first tournament win, shares a two-stroke lead with older brother Lim Kian Tiong as he enters today's final round of the M 540,000 Desaru Open golf championship at the resort course in Johore. The361 words
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188 1985-10-26 7 VINCENT LEE, fresh from his sparkling performance in the Malaysia-Singapore annual matchplay last week, should wrap up the Warren club championship in today's final 36 holes. Vincent who won both his matches last week to help Singapore win 19-5 for the first188 words
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Article222 1985-10-26 7 AP TOM WATSON made a successful start in defending his title in the U*****,000 Seiko Tucson match play championship on Thursday, but Lanny Wadkins was the victim of a major upset. Wadkins, winner of three titles this season and leading the player of the year standings,AP - 222 words
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Page 7 Miscellaneous
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Miscellaneous1075 1985-10-26 7 w mi) mm i > -m i St Charlas... where myth and mystery surrounds SATURDAY MATINEE Child's Play 2.35 pm, Channel 5 Something strange is happening at a Catholic boarding school for boys. The corridors, crypt and chapel are charged with a mysterious air that sparks a plague of senseless1,075 words
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Miscellaneous30 1985-10-26 7 TemP \M THe /PIHG POOL T ODP»y.. LOHO I"Hey PVLL LOOK .PkUKeTo me... Qsi GOOD DoftNltiG 1 I© TMI9 THE. &uyiKe PePPigrme.l4l R G,R£BT SCOTT R PPvCe FROm THC PrST.30 words
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INTERNATIONAL STOCKS
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184 1985-10-26 8 Reuter THE MAN who founded the Avis rent-a-car service 39 years ago and sold it eight years later for millions now wants to buy it back. Warren Avis said he and a group of US, European and Middle Eastern investors had made anReuter - 184 words
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Article186 1985-10-26 8 Reuter IMPERIAL CHEMICAL Industries PLC said its lower profit in the third quarter reflected seasonal weakness in several businesses and also unusually low demand for fertilisers in Britain. Margins on commodity chemicals in Western Europe were also squeezed in the quarter, ICI said in comments onReuter - 186 words
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Article116 1985-10-26 8 ITT CORP SAID it knew of no reason for the heavy trading volume in its stock and labelled as baseless market rumours that a takeover bid for the company might be launched. "Rumours we heard that somebody is ready to make a move on us are116 words
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Article311 1985-10-26 8 Reuter THE US STOCK MARKET posted its first loss in three days on Thursday, slipping from near-record levels with little economic news to stimulate interest. Traders said a barrage of last-hour selling was due to professional investors selling stocks offset with positions in stock indexReuter - 311 words
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Article93 1985-10-26 8 C$ 17 OCT 24 Abitibi Inco Int Pro* Pipe 321* Kerr Add 18* unch Bank Moot Bank Nova Scotia 30* 13V* 40* Mc BkxM 30* Moore Cp Brascan 32* Norando Con Imp Bk 37* 16* unch -W Noranda Mn Northgote Exp 12* Cmtol Kd Lk 30* 16* 12* She?93 words
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Article202 1985-10-26 8 OCT 24 Urwsec 560 unch Wootworth 1295 unch INDUSTtlALS MININGS 850 3375 -50 175 5 *****6 AE And a 800 -10 1515 -f 15 415 -10 Buffets 7700 -50 AASj? fOP 3025 -25 950 V) 1065 5 C G Smith 2300 1135 unch CNA 195 -5 1405 S 450202 words
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Article616 1985-10-26 8 OCT 24 US$ AJcon Alurran Alcoo Alegheny Lud AJk«d Chem Cp Afced Storm AJfcs-Cholmers Am Brands Inc Am Broodcost Am Can Co Am Cyanormd Am EIk Pwr Am Express Am Horn# Prod Am Motors Cp Am Natural Got Am Tel Tel Amax Inc Amerodo Hess AMf Inc Amr616 words
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Article922 1985-10-26 8 Amsterdam OCT 24 Fh ABN ***** 135 98 30 27 Ahold ***** 3 5 126 90 2 2 AMEV 7450 14 Amfoi Amro Bonk 89 50 2 7 40 50 17 Boh Borvurr*) 478 00 3 Bo*kafc» Bur Tet ***** 4 Catond 458 00 3 Dak M« 142922 words
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Page 8 Advertisements
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Advertisement488 1985-10-26 8 <&x M 0 I J \r 0 h ce Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16 -h- each and $20 each (mln. 2 persons). Over 50 a la carte specialities are also available. JkEP488 words
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Advertisement109 1985-10-26 8 Lownge 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, 5Q% off all drinks (pouting brands) CR(*)\vn Continuing the fnnce rtotrH tradition of109 words
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ASIAN STOCKS
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Article359 1985-10-26 9 HONGKONG: Share prices closed little changed in moderate trading yesterday with late bargain hunting making up for early selling. There were no fresh incentives, and investors took profits in the morning after the successful government land auction on Thursday. The government sold a piece of land in the Tsim359 words
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Article182 1985-10-26 9 BANGKOK: Share prices closed lower in light trading yesterday, the Securities Exchange of Thailand said. The Book Club Index fell 0.51 to 131.62, and losers led gainers by a margin of more than a two-to-one. Turnover was 117,257 shares worth 18.9 million baht. Bangkok Bank, Siam Commercial Bank and182 words
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Article93 1985-10-26 9 AUSTRALIA: Sharemarkets staged a modest late rally yesterday and closed at record levels for the fifth successive session, driven by BHP and good underly- ing support for industrial stocks. The market generally held up remarkably well on solid turnover, although resource stocks eased marginally in a reaction to Thursday's sharp93 words
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Article319 1985-10-26 9 TOKYO: Share prices tumbled in afternoon trading to close sharply lower yesterday as investors believe that the Bank of Japan is guiding short-term interest rates higher, reflected in the slide in bond futures. The market average dropped 114.09 to 12,854.99 from Thursday, when it rose 22.55. Trading volume was319 words
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Article95 1985-10-26 9 MANILA: Share prices closed generally higher in quiet trading yesterday. The mining marker rose 6.77 to 704.20 and the commercial and industrial index firmed 0.31 to 181.60 while oils were unchanged at 0.779. OCT 25 Acot* Mining Pmm 0 0012 unch 0001 unch Marsted Oriental 8 Phfex B 001595 words
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Article225 1985-10-26 9 OCT 25 Centi 1 C 1 226S L eight on 123 3 INDUST1IALS Lend Lease 660 unch Mope Ion Pet Au»t 235 4-5 A C 1 306 4-3 340 10 A N 1 290 unch Met oh Explor A P M 306 I N L 40 1 1000 30225 words
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Article83 1985-10-26 9 OCT 25 Won Hyundai Const 880 -40 Hyundot Moto» 931 -19 731 KAL 515 5 Chohcung Bk 715 740 -5 Co<TVT*f CKll Bk 754 -2 1334 9 Doafcnri tnd 575 +2 KorcaSh*) 446 -6 Doe woo Corp 515 -1 660 -14 669 -4 Samsung Co 719 1 Dong Ah83 words
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170 1985-10-26 9 Reuter SOUTH KOREA'S Kia Motors Co had mandated a group of four banks to raise a US$4O million eight-year syndicated loan, Kia officials said. The loan, with a fouryear grace period, has a tax-spared tranche and a conventional tranche. The officials saidReuter - 170 words
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345 1985-10-26 9 UPI A JAPANESE businessman has signed an agreement to purchase the financially troubled Aladdin Hotel-Casino on the Las Vegas "strip" for US$5l.5 million in cash, officials said. Ginji Yasuda, the sole owner of the Ginji Corp of Tokyo, reached an agreement this weekUPI - 345 words
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100 1985-10-26 9 AFP NEGOTIATIONS between the Chinese and General Electric Corporation of Britain on construction of China's first major nuclear power plant have broken off, a reliable source said in Beijing yesterday. The source said that the discussions broke off yesterday and the BritishAFP - 100 words
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206 1985-10-26 9 AP JAPAN'S LARGEST trading company has joined a US venture capital company in creating a $23-million limited partnership intended to promote exports of products from small and medium-sized American technology companies to Pacific Basin markets, company officials announced on Thursday. Officials of Vista Ventures USA,AP - 206 words
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Page 9 Advertisements
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Advertisement702 1985-10-26 9 mn/5* Harbour Grill Vik i 0 r 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 in Style. HNbTON MTERNATIONAfo SINGAPORE The Mandarin Singapore Obviously the ngnt decision for Bosses' Day702 words
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Advertisement164 1985-10-26 9 let's booze to the music.'! sSffiWS 1 f S HAPPY HOURS: spm 7pm daily It's a 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. Brings164 words
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SHARE INFORMATION
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Article, Illustration4416 1985-10-26 10 SHARE PRICES continued to rise for the third straight session at the Singapore stock exchange yesterday, led by an active interest in Malaysian situational and speculative issues. There was a late round of price firmness ahead of the Malaysian Budget yesterday, as investors4,416 words
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Article260 1985-10-26 10 SINGAPORE Rises M CobWi 620 WIlmm 344 KIUM Hides 490 M T f 390 Soocorp 267 NST 740 H Laong Crodrt 715 f r "wo 515 TDM 468 Moloyowoto 93 Mooww Corpn 432 e7Yo« Song 277 Falls 225 45 42 40 20 17 15 15 15 14260 words
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Article4443 1985-10-26 10 BID and Oder 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".4,443 words
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Page 10 Advertisements
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Advertisement11 1985-10-26 10 KL market report, Business done on the KLSE See page 1111 words
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COMPANY NEWS
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Article, Illustration189 1985-10-26 11 SGBGS? By HOCK LOCK SIEW IN VIEW OF THE just-released 1986 Malaysian Budget, I have decided to profile a Malaysian counter. Blue-chip Malayan Banking looks determined to try and stage a more broad-based technical rebound which could have more staying power than all previous rally attempts.By HOCK LOCK SIEW - 189 words
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Article3774 1985-10-26 11 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS A|inomoto (3 40S) A Choc <3 16S) (10) 33,774 words
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Article301 1985-10-26 11 Monogers' prices for Oct 26 28 Singapore Unit Trust The Commerce 1 77 1 88 The Savings Fund '131 1 39 S'pore Prog Fund 0 76 *0 81 S pore Sec Fund 1 10 117 S'pore Invest Fund 0 79 0 83 S'pore Fquity Fund 0 79 0301 words
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Article123 1985-10-26 11 HONGKONG Thursdoy 1530 1 Hong Seng Index Week ago 1507 2 Friday *****3 Thursday 1670.51 NEW YORK Week ago 1639 89 Dow Jones Thursday 1362 34 TOKYO Wednesday 1367 16 Week ago 1369 29 Tokyo Nikkei Friday ***** 99 Thursday ***** 08 Standard Poors Week ago ***** 22123 words
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562 1985-10-26 11 LORETTA McLAUGHLAN - Amendments made to rules and practice notes By LORETTA McLAUGHLAN THE MINISTER for Finance has announced, in a Gazette Notification published yesterday, the revision of the Singapore Code On Takeovers and Mergers. The revised Code takes into account the amendments made to the562 words
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Article386 1985-10-26 11 Reuter TROUBLED HONGKONG Industrial and Commercial Bank Ltd, which last year almost ended up being acquired by the Hong Leong group of Malaysia, has completed the first stage of its financial rehabilitation. The chairman of HICB, Mr Douglas Blye, said yesterday that shareholders hadReuter - 386 words
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LATEST RESULTS
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Article48 1985-10-26 11 Pre-tax profits of M 5604,000 against losses of $746,000 on turnover of $24.94 million ($23.2 million) for the year ended July 31, 1985. Directors have decided not to recommend payment of a dividend so as to conserve funds and thereby reduce the company's debts.48 words
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Article28 1985-10-26 11 Pre- tax loss of M 51.15 million (loss of $134,000) on sales of $13.67 million ($15.09 million) for the six months to July 31, 1985.28 words
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257 1985-10-26 11 THE Kuwaiti Investment Office has increased its stake in Cycle and Carriage Ltd (CCL) to 18.92 per cent from 18.56 per cent. Cycle and Carriage disclosed that the Kuwaitis have bought a further 450,000 shares in CCL, thus increasing their shareholding257 words
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Article536 1985-10-26 11 SHARE PRICES were traded steadier on a wide front at the Kuala Lumpur stock market yesterday as some last-minute buying pushed selective counters higher. Blue chips and situational counters once again attracted the most interest and put on impressive gains. The last-minute sprint indicated investors' eagerness536 words
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Article122 1985-10-26 11 CI HOLDINGS Berhad: 8th AGM at the Abbey Room, Ground Floor, Hotel Merlin, Jalan Sultan Ismail, Kuala Lumpur today at 9.30 am. TASEK CEMENT Berhad: 24th AGM at the Factory, Tasek Industrial Estate, Tasek Drive, Ipoh today at 11.30 am. BERJUNTAI TIN Dredging Berhad: 44th AGM at the122 words
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Page 11 Advertisements
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Advertisement186 1985-10-26 11 NOTICE IN THE MATTER OP THE COMPANIES ACT, CAP. 185 AND GILLESPIE BROS. (ASIA) PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN in pursuance to Section 308(1) of the Companies Act, Cap. 185. that a general meeting of the abovenamed company will be held at 9 Penang Road186 words
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Advertisement224 1985-10-26 11 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND SOITH STAR SHIPPING CO PTE LTD (la Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN in pursuance to Section 308(1) of the Companies Act, Cap. 185, that a general meeting of the abovenamed company will be held at 9 Penang224 words
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Advertisement228 1985-10-26 11 IN THE MATTES OF THE COMPANIES ACT, CAP. 185 AND FIRST ASIA INVESTMENTS PTE LTD (la Member*' YtlaaUry UqnkUttM) NOTICE IS HEREBY GIVEN in pursuance to Section 308(1) of the Companies Act, Cap. 185, that a general meeting of the abovenamed company will be held at 9 Penang Road #12-00,228 words
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468 1985-10-26 12 BOEY KIT YIN - Award for forming consortium to sell skills to China By BOEY KIT YIN FIVE PROFESSIONAL organisations have won a dollar-for-dol-lar cash grant from the Trade Development Board for a consortium which they formed to enhance the marketing of their skills in China. They468 words
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Article, Illustration225 1985-10-26 12 UPI MORE THAN 4,000 Thai garment workers, executives and plant owners demonstrated in front of the US embassy yesterday demanding an end to a US embargo on the import of Thaimade clothing. The US Commerce Department halted the import of garments made in Thailand onUPI - 225 words
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459 1985-10-26 12 Reuter PRICES OF Euroyen and samurai bonds traded in London plunged yesterday in reaction to the heavy losses seen on Japanese markets after it became apparent that the Bank of Japan was engineering a rise in short-term interest rates. The JapaneseReuter - 459 words
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374 1985-10-26 12 MONICA GWEE - By MONICA GWEE THE ADVERTISING Standards Authority of Singapore (ASAS) is considering drawing up "a code on sales promotion practice" to check dubious sales techniques by advertisers. The frequency of sales and special offers by retailers has become an374 words
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147 1985-10-26 12 AFP THE PHILIPPINES' export earnings may fall by as much as 11.1 per cent to US$4.B billion this year, way below earlier forecasts, the Economic Planning Ministry said. Philippine Premier Cesar Virata earlier projected a 10 per cent increase in exportAFP - 147 words
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252 1985-10-26 12 NST AFP MALAYSIAN TIN miners and mining workers were shocked and sad to learn that the International Tin Council (ITC) had stopped supporting the market. The president of the All-Ma-laya Chinese Mining Association, Datuk Chin Pek Soo, said yesterday this suddenNST; AFP - 252 words
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183 1985-10-26 12 AFP TWENTY-SEVEN military men most of them handcuffed and five civilians were formally charged in a packed courtroom yesterday with trying to overthrow the Thai government, setting the stage for an unprecedented trial. But the main figures accused in the failed Sep 9 coup, includingAFP - 183 words
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103 1985-10-26 12 THE MOVE to suspend the 10 per cent Public Utilities Board tax and the 5 per cent reduction in electricity rates has been welcomed by the Singapore Manufacturers' Association (SMA). Describing it as "certainly a move in the right direction", an SMA statement said103 words
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Article, Illustration424 1985-10-26 12 THE UNITED NATIONS is a deterrent to modern Julius Caesars who threatened world peace and believed the mighty should trample the weak, said Foreign Affairs Minister Mr S Dhanabalan yesterday. Speaking at424 words
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244 1985-10-26 12 UPI IN LINE WITH its market-open-ing programme, Japan will implement a sweeping tariff reduction averaging 22.5 per cent on 1,849 items of major concern to its trading partners, effective from Jan 1. Government officials said yesterday that the decision includes removal orUPI - 244 words
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Article94 1985-10-26 12 Reuter COMEX gold futures dipped US$O.2O to $0.50 yesterday morning on light book-squaring prior to the weekend. Spot gold was off $0.20 at $325.50 an ounce. The leading December delivery slipped $0.30 at $327.90 after making a minor penetration of Thursday's low of $327.80. Comex silverReuter - 94 words
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Article64 1985-10-26 12 Reuter THE US stock market pulled lower in early trading yesterday, continuing the weakness that developed late in the previous session. The Dow Jones industrial average was off a fraction to 1362. Declines led advances by a five-four margin on a turnover of 10.04 million shares. BroaderReuter - 64 words
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Article791 1985-10-26 12 EQUITIES yesterday ended the last day of the account mixed with light profit-taking noted after the recent advance to record highs, dealers said. The FTSE 100 share index at 1530 GMT was down 4.4 from Thursday's record close at 1345.2. ICI eased 2p to 657 following Thursday's third791 words
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LATE FILE
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Article52 1985-10-26 12 Reuter ICELAND'S woman president, Vigdis Finnbogadottir, yesterday signed a Bill ordering striking air hostesses back to work. She initially refused to sign it but finally gave her consent after Communications Minister Matthiasbjarnason threatened to resign unless she changed her mind within 90 minutes, officialsReuter - 52 words
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49 1985-10-26 12 AFP FRENCH Prime Minister Laurent Fabius yesterday reasserted that the Mururoa nuclear testing centre was an essential element of the country's nuclear deterrent and "the key to our independence and our defence policy" at the end of a controversial visit to the atoll. AFPAFP - 49 words
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Article36 1985-10-26 12 AP CHINA sent warm greetings to Taiwan yesterday on the 40th anniversary of the island's liberation from Japanese rule, and expressed sympathy with the Taiwan government's "plight" on the reunification issue. APAP - 36 words
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Article37 1985-10-26 12 AFP THE KHMER ROUGE resistance movement in Cambodia yesterday claimed that Vietnam has moved more than 10,000 fresh troops into the country in preparation for renewed fighting in the western provinces. AFPAFP - 37 words
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Article32 1985-10-26 12 SOUTH KOREA yesterday reacted indignantly to a US Commerce Department's ruling slapping a whopping 65 per cent anti-dumping duty on Korean photo albums exported to the US.32 words
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Article37 1985-10-26 12 UPI THE TWO main owners of United Press International, Douglas Ruhe and William Geissler, have launched court action to prevent the company's chairman from selling the news agency without their consent. UPIUPI - 37 words
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Article58 1985-10-26 12 AP EAST GERMANY is helping the Soviet Union to develop weapons for shooting down satellites, the West German Defence Ministry said. "The German Democratic Republic already was participating several years ago in the development of a weapons system for attacking satellites," Peter-Kurt Wuerzbach, the parliamentaryAP - 58 words
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Article40 1985-10-26 12 AP SOUTH AFRICAN authorities striking before dawn arrested dozens of anti-apartheid leaders in Cape Town and its suburbs, and later, police said stonethrowing rioters smashed shops, banks and cars in segregated townships east of Cape Town. APAP - 40 words
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Article32 1985-10-26 12 Reuter BANKERS said China wanted a 25 per cent cut in the price quoted by the British and French for building the country's first nuclear power plant. ReuterReuter - 32 words
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Page 12 Miscellaneous
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Miscellaneous54 1985-10-26 12 Outlook for today. Showers over several areas in the early morning. Report for 24 hours prior to 7 30pm on Oct 25 at the airport: Maximum temperature 30.9 Associated humidity 64 Minimum temperature 24.5 Associated humidity 93 Hours of sunshine 7.25 Roinfall in millimetres 3.6 Roinfall this month 142.5 Rainy54 words
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