The Business Times, 2 November 1985
1985-11-02
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The Business Times
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Title Section12 1985-11-02 1 BUSINESS TIMES M.C. (P) No. 99/1/85 SATURDAY, NOVEMBER t, I*Bs 75 CENTS12 words
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212 1985-11-02 1 CANADA'S move towards a freer trade with the US could damage trade with South-east Asia in the future, say government officials representing the six members of Asean. Expanding two-way trade between Canada and Asean has been at the centre of discussions212 words
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119 1985-11-02 1 Reuter THE US DOLLAR touched a 4'/2 year low against the yen yesterday as some dealers began to forecast an economic recession in Japan if the yen grows too strong and squeezes export industries. The American currency ended the dayReuter - 119 words
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226 1985-11-02 1 Reuter THE US yesterday presented senior Gatt officials with legal arguments for the inclusion of services in a new multilateral trade round, but Brazil countered by setting terms for joining preparations for such talks. Trade officials observing a three-dayReuter - 226 words
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Article55 1985-11-02 1 AFP THE EUROPEAN Community yesterday announced immediate reprisals against the US in reply to a large increase in US tariffs on European pasta. The move followed the adjournment of talks between the two sides designed to end a related dispute on US citrus fruitAFP - 55 words
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275 1985-11-02 1 AFP THE SOVIET UNION has turned down President Ronald Reagan's offer to make the joint solution of regional conflicts the key element of his talks with Soviet leader Mikhail Gorbachev. In addition, although there has been no official reaction to President Reagan'sAFP - 275 words
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Article, Illustration298 1985-11-02 1 RICHARD SEAH - By RICHARD SEAH REVELLERS in Singapore treated themselves to the celebration of a pagan festival on Thursday night and discotheques found themselves doing a roaring (or was it howling?) trade. The occasion was Halloween, the night when Westerners suffer delicious shudderings at the298 words
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450 1985-11-02 1 FOO CHOY PENG - Older retrenched workers generally take bigger wage cuts By FOO CHOY PENG Chief Reporter A FITTER recently retrenched by a shipyard found a new job as a general worker, but his paypacket was only $500 a month 29 per cent less than450 words
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559 1985-11-02 1 AMY BALAN - By AMY BALAN PROSPECTS have brightened for the troubled construction company Active Building and Civil Construction which is now facing a winding-up petition. A conditional takeover of Active by fellow contractor Lum Chang received the green light from its creditor banks yesterday morning. Active's559 words
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Article, Illustration74 1985-11-02 1 THE COLLAPSE of the Opec price cartel mated the balllik impact of the $1 billion CPP share investment scheme yesterday. As result, the Singapore steckmarket closed mixed with some local stocks scoring good gains while most Malaysian-based Issues lost heavily. The Straits Times Industrial Index edged IJS points74 words
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Page 1 Advertisements
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Advertisement165 1985-11-02 1 G ASIfITEHM Southeast Asia's 3rd International Exhibition of Textile Garment Machinery and Fabrics Trade 24 -27 May 1986 W.T.C. Singapore lINTERFAMA EXHIBITIONS ITK TO BUSINESS TIMES amwemrx) GOLF COMPETITION Check your tee-off times GET TO SERAPONG on time for BT's 9th Anniversary Golf Competition check your tee-off times on Page165 words
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Advertisement259 1985-11-02 1 wm SHARE INFORMATION SHIPS IN PORT MONEY A EXCHANGES RAW MATERIALS CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW A PENNSYLVANIA REPUBLICAN wonts all low-abiding American citizens to file their tox returns on their birthdays instead of the dreaded April 15. It will help the Internal Revenue with its paper259 words
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Advertisement205 1985-11-02 1 Full report, Page 10 Intl stocks, Pags 8 Asian stocks, Pago 9 In practise, graphite inserts do not hit it off with Surlyn Cover balls. Reason: Hard vs Hard does not distance. Not true with HONMA WOOD, which now comes with a second-layer insert behind the conventional graphite insert that205 words
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Advertisement0 1985-11-02 1 ~>\&&>=$^;@]$`<$??)\=+~-/}|\*.)0 words
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HOME NEWS
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442 1985-11-02 2 BOEY KIT YIN - By BOEY KIT YIN THE MAIN THRUST of investment in the first nine months of this year was on expansion schemes in factories and workshops, and were designed to improve workers skills. About 40 per cent of the total investment commitments, which amounted to $721442 words
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260 1985-11-02 2 CHIPPERFIELD'S CIRCUS from Britain is coming to town. It will arrive in Singapore on Jan 20 and will be ready for it's first performance on Jan 31 with shows until March 30. The circus will have a sixpole Big Top, fully air-condi-tioned with260 words
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Article79 1985-11-02 2 THE DEPARTMENT of Extramural Studies of the National University of Singapore will conduct a seven-lecture course entitled "The Effect of Language on Memory Performance". The course starts on Nov 9. The series of courses, which is aimed at increasing a person's memory power, will be held on79 words
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Article, Illustration394 1985-11-02 2 LIM SOON NEO - By LIM SOON NEO A TRISHAW RACE in Havelock Road and a tourist steamer on the Singapore River are two of the ideas thought up by hotels in the area to draw business. Together with Isetan Singapore, the six hotels in the Havelock area have agreed394 words
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340 1985-11-02 2 THE FENG SHUI man (geomancer) has declared Jan 17, 1986, 10am the ideal day and time for the opening of the twice-delayed SAS Amara Hotel. "The owner of the hotel has chosen an auspicious date and time according to the lunar calender," said340 words
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Article188 1985-11-02 2 RECENT CHANGES in membership recruitment strategies by trades unions reflected a recognition of the changing needs of workers who now enjoy a better standard of living and education, said Mr Goh Chee Wee, the assistant secre-tary-general of the National Trades Union Congress. "To provide more188 words
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104 1985-11-02 2 SINGAPORE should produce and market balance-wheels for watches instead of horseshoes, said Mr Sidek Saniff, Parliamentary Secretary (Trade and Industry). Illustrating the concept of value-added, he said an ordinary piece of iron worth a few dollars could be forged into a horseshoe worth $10, processed104 words
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Article47 1985-11-02 2 EXCISE DUTIES on sugar syrups and raw sugar have been lifted with effect from yesterday. The latest move followed the recent removal of excise duty on refined sugar. Duties on sugar syrups and raw sugar were 5135 and $163.54 per tonne respectively.47 words
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296 1985-11-02 2 CREDITORS of Shangri-La Furnishings Pte Ltd have been given a week in which to decide whether they should wind up the company or give it time to repay its debts. The company asked for three months to collect money owing to it, which296 words
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Article, Illustration299 1985-11-02 2 CHUANG PECK MING - By CHUANG PECK MING THE GOVERNMENT'S move to privatise the economy is unlikely to trigger off a burst of entrepreneurial energy that will lead to a resurgence of growth, according to Associate Professor Pang Eng Fong. But the lecturer from the School of299 words
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413 1985-11-02 2 A LOCAL BUSINESSMAN yesterday called for the setting-up of a high-level committee to remove laws that were dampening the spirit of entrepreneurship in Singapore. This committee on deregulation made up of representatives from the public and private sectors could also simplify bureaucratic procedures as413 words
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Article699 1985-11-02 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Arrow Princes K12 Bakke Sime alongside 02.11.85/0600 CGM Veloy KI7 Sealion alongside 02.11 85/0200 Golden Bear K32 Guan Guan alongside 02.11.85/0600 Kota Pelangi K30 PIL alongside 02.11 85/0600 Koto Bahagta K27 PIL alongside 02.11.85/0600 Siti Suyen K28699 words
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OVERSEAS
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230 1985-11-02 3 AFP THAILAND'S supreme military commander has vowed that those charged in September's abortive coup will not receive amnesty, a departure from the country's traditional forgive-and-forget treatment of insurgency leaders. Forty persons, including former prime minister Kriangsak Chomanond, are under indictment forAFP - 230 words
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Article138 1985-11-02 3 Reuter AN OVERWHELMING majority of TMfans are happy with Prime Minister Rajiv Gandhi's government, according to an opinion poll published one year after his mother Indira was murdered and he took office. The Calcutta Telegraph newspaper poll, published yesterday, said that 77 per cent of 1,060Reuter - 138 words
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160 1985-11-02 3 Reuter VIETNAMESE Prime Minister Pham Vandong has told US businessmen visiting Hanoi that a political solution to the withdrawal of its troops from Cambodia would be sooner than they expected. Japan's Kyodo News Agency yesterday quoted him as telling the group: "WeReuter - 160 words
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Article639 1985-11-02 3 ARRIVALS Operator Servic* Local From number time GIA GA940 1235 MES SIA SQ203 1300 CGK GIA GA900 1310 PKU SIA S9 1 1330 SFO/HNL/HKG THAI TG440 1330 BKK/HDY SIA SQ61 1335 BKK GIA GA962 1400 CGK SIA SQ107 1405 KUL THAI TG413 1410 BKK SIA SQ238 1410639 words
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Article, Illustration265 1985-11-02 3 AP JAPANESE CAR MAKERS have put on display advanced and experimental vehicles with electronic maps on the dashboard and computers designed to make the engines more efficient and the ride more stable. Foreign makers at the Tokyo Motor Show, led byAP - 265 words
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Article76 1985-11-02 3 Reuter THAILAND'S military leaders have admitted that three Thai soldiers strayed across the Cambodian border after the government said they were abducted by Vietnamese troops. Supreme military and army commander Arthit Kamlang-Ek, in an interview published in the Bangkok Post yesterday, said the three soldiers "accidentally went insideReuter - 76 words
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459 1985-11-02 3 Bernama THE MALAYSIAN Election Commission said yesterday that by-elections would be held in the four Sabah state constituencies whose representatives had resigned. Commission secretary Haji Abdul Rashid Abdul Rahman said a meeting would be held on Thursday to decide on the datesBernama - 459 words
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640 1985-11-02 4 Reuter THE OIL MINISTER of the United Arab Emirates (UAE), Mana Said Oteiba, has said that each member of Opec is now free to sell its oil at any price it wishes. "Starting from now, each producer is free to sellReuter - 640 words
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Article154 1985-11-02 4 AP SWISS SAVERS led the world last year, widely outpacing Japanese and Americans in bank savings per capita. According to a survey by the International Savings Bank Institute, the Swiss maintained the top spot they have held in 1983, although they saved less on theAP - 154 words
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156 1985-11-02 4 AP CONGRESSIONAL negotiations on a balanced-budget plan for the US government collapsed on Thursday, leaving in doubt when the House of Representatives and Senate could take final action on necessary legislation to restore the government's borrowing authority. "I think we have come toAP - 156 words
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335 1985-11-02 4 AP PRESIDENT Ronald Reagan announced yesterday the United States will unveil a new arms control proposal in Geneva that he said will build on the recent Soviet proposal and emphasise reductions in "destabilising" nuclear arms systems. "I would characterise our arms control positionAP - 335 words
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224 1985-11-02 4 Reuter INCO LTD said it had requested the London Metal Exchange to suspend nickel trading because "the current tin crisis is unduly influencing the LME price for nickel". Inco said it priced its nickel products in relation to the physical nickel market andReuter - 224 words
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114 1985-11-02 4 Reuter THE US International Trade Commission (ITC) on Thursday opened an investigation into a charge that some Cabbage Patch dolls made abroad were being sold illegally in the US. The complaint was filed by Original Appalachian Artwork the designer of the highly popularReuter - 114 words
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Page 3 Advertisements
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Advertisement7 1985-11-02 3 Pan Aril's New Clipper Class DailylbLos Angeles.7 words
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Advertisement146 1985-11-02 3 Between Singapore and Manchester Qantas leads two-nil At Qantas, it has always been our goal to please. So from November 2, we're kicking off a great new service to England Singapore to Manchester. Direct. Now, you don't have to go out of your way through London, if you're only interested146 words
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RAW MATERIALS
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Article161 1985-11-02 4 Yarn (In HK$ per bole o* 400 lb) China corded yarn, cones Blue Phoenix 16's 2,450 Blue Phoenix 20's 2,600 Blue Phoenix 32's 2,950 Blue Phoenix 40's 3,300 Girded yarn, hank Blue Phoenix 21'* 2,750 Combed yarn, cones Blue Phoenix 32's 4,300 Blue Phoenix 40's 4,500 Open-end yarn 2,200161 words
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Article145 1985-11-02 4 Chineee Product Exchange (Sellers' noon dosing prices on Ko« 1 (SS/100 kg) Coconut oil Boft. FOB 72.00 Old drum FOB 85.00 New drum FOB 89.00 Copra Mixed (loose) *0 buyers Pepper Muntok White FOB NLW 1002 50 Sarawak White FOB toq NLW 992 50 Sorawak special block FOB145 words
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Article289 1985-11-02 4 Singapore (SS/kilo, e«-flodown) Frogront new crop 1st 076 2nd 054 3rd 0 52 New Crop 25% no stock •i0% no stock Thoi Broken A-super 054 Special 052 Thoi Rice 55% no stock China Rice 10% no stock 15% 0 72 25% no stock 35% no stock Thai Boiled Rice289 words
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Article13 1985-11-02 4 KL TIN Closing priccs on Nov 1 (M$/kg) Price Suspended Turnover (tonnes) Suspended13 words
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Article183 1985-11-02 4 SINGAPORE THE MARKET yesterday closed lower with December One RSS buyers quoted at 156.50 cents per kilo, up 0.50 cents from Thursday. MALAYSIA The market drifted quietly until midday with the new current trading month, December Int One RSS buyer holding little changed at 181.00 cents per kilo, up183 words
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Article332 1985-11-02 4 RAS prices in S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt Int 1 RSS Dec 85 156 00 157.OON 155 00 156 OON 157 50 158 00 156 50 157 00 Int 1 RSS Jon 86 158 50 159 00332 words
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Article101 1985-11-02 4 (cents/kg, 1-ton pallets) NOV 85 DEC 85 (current month) (forward month) NOON NOON HAS Buyers Sellers Buyers Sellers SSR 20 150.00 152.00N 151 00 153 OON SSR 50 148 00 150.00N 149 00 151.OON MRELB Buyers Sellers Buyers Sellers SMR CV 202.00 204 OON ***** 205 OON101 words
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Article173 1985-11-02 4 MALAYSIAN crude palm oil prices yesterday closed slightly higher on covering interest, aided by Pakistan's purchase of Malay sian RBD palm oil and firmer Chicago soyoil futures, dealers said. The cut in export duty on palm oil, announced by the Malaysian government yesterday, and talk India may have173 words
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Article163 1985-11-02 4 Wheat futures on Thursday continued higher in nearby months and closed seven US cents up in December to cent lower in September. December settled at U513.23V4 a bushel. USDA's announcement that Egypt will buy 500,000 tonnes of US wheat under the export bonus programme triggered buying from the start163 words
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Article162 1985-11-02 4 SOYBEAN FUTURES on Thursday rallied to their strongest close of many sessions, finishing up ll 3 to four US cents a bushel in hectic trading. November settled up 11 V« cents, at USss.l4'/2 a bushel after a 12 Vt cent range. Concerns about more harvest-delaying rains and strength in162 words
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Article811 1985-11-02 4 COFFEE ROBUSTA COFFEE futures on Thursday ended an uncertain day near the lows of a £52 traded range at up £20 to unchanged from Wednesday night's close, with most operators square and withdrawn after the violent fluctuations of the past few days. At the close, second position January811 words
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Page 4 Miscellaneous
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Miscellaneous71 1985-11-02 4 Doonesbury 95 n m rf m S A m w MYFRJENPS CALL MB SPANKY l£B. Bi Hi MY NAMES SAL. BUT I'M THINKING OF CHANGING fT TO X-MAN. COOL. SOHOUTP YOUENP UPHBRZ, X-MAN? BY GARRY TRUDEAU •r "S m i) /i 7HISDJ.IMORKEP !W BROTHER l/UITHTALKEPME HBNTHERE. INTO IT. HE GOT71 words
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BANKING AND FINANCE
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433 1985-11-02 5 FT NEW RULES for unit trusts and other mutual funds, designed to allow them to be marketed freely throughout the European Community, should provide a big impetus for opening up other financial service industries, according to officials in Brussels.FT - 433 words
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745 1985-11-02 5 ALVIN TAY - Shortfall of $43.5 m, says survey By ALVIN TAY THE $100 MILLION loan loss to Chop Hoo Thye and Yak Mong Trading left many of the bankers to the two companies substantially in the red last year. But it was a non-party to745 words
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160 1985-11-02 5 AP THE FIRST new foreign bank branch in China since 1949 was established on Thursday when the Hongkong and Shanghai Banking Corp opened for business in the Shenzhen special economic zone. The official Xinhua news agency reported that the branch will handle deposits,AP - 160 words
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325 1985-11-02 5 Reuter LLOYDS BANK PLC and Royal Bank of Scotland Group PLC surprised bond market participants and launched a total of US$BOO million in perpetual floating rate notes on Wednesday in a move to improve their capital ratios, syndicate managers and hanking analysts said.Reuter - 325 words
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Article180 1985-11-02 5 Bernama THE INDONESIAN government will not resort to devaluation of the rupiah in trying to overcome any situation which may arise from the current sluggish oil market. Bank Indonesia governor Arifin Siregar said after opening the 7th Asia-Pacific Foreign Exchange Assembly in Jakarta on Thursday thatBernama - 180 words
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Article, Illustration503 1985-11-02 5 Reuter THE REAGAN administration does not support any request for a multibillion dollar government credit line to shore up the troubled Farm Credit System, according to a summary of the White House position presented to the House agriculture committee. The summary said the systemReuter - 503 words
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MONEY AND EXCHANGES
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Article633 1985-11-02 5 SINGAPORE THE US DOLLAR yesterday closed easier against most major currencies due to selling pressure but was firmer against sterling, in moderate trading, dealers said. It closed weaker at 209.70/80 yen compared with New York's 210.75/85 close, at 2.6045/55 marks against 2.6150/70 and at 2.1405/20 Swiss francs against633 words
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Article99 1985-11-02 5 RESULTS OF TENDER held on Nov 1 for 11-day Treasury bills to be issued from Nov 4 to Nov 8, 1985. Offered: $70,000,000. Applied far: $138,210,000. Allotted: $70,000,000. Accepted bids: $99.32 approximately 88 per cent; higher bids in full. Average rate o( discount on allotment: 2.725 per cent99 words
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Article130 1985-11-02 5 THE OVERNIGHT rate on the Singapore interbank money market fell by Vt point from Thursday to close at 4'/i per cent yesterday. The one-month term rate rose by 1/16 point and the two-month rate fell by '/i point. The three-month rate remained unchanged. S$ Interbank rotes at 3pm130 words
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Article357 1985-11-02 5 BA Futures BOOSTED by the prospect of weaker oil prices and low inflationary outlook, Emiiilir futures gapped higher in active trading. After opening at 92.10, the December contract traded to 92.14. A slight rebound in the interbank rates in the afternoon saw the December contract backing off to IMMBA Futures - 357 words
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Article203 1985-11-02 5 HONGKONG: GOLD yesterday closed lower at U*****.15/55 per ounce, unaffected by the weaker US dollar. On the local market, gold lost HK$l3 from Its close here on Thursday to finish at $3,019 per tael. The krugerrand fell $10 to $2,545, and the Maple Leaf shed HK$lB to $2,616. TOKYO:203 words
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Article258 1985-11-02 5 Interbank rates at 3pm yesterday: CuriwnciM Nomina 4 rata* Ifflittwonitn Bid Otter < :roM parity change Local dollars to on* unit of foreign currency US dollar 2 1255 2 1265 2 8196 -2462 Sterling pound ***** 3 0462 7 3469 -58 59 Australian doNor 1 4772 1 4800258 words
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Article, Illustration299 1985-11-02 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at mixed opening levels in quiet afternoon trading. Period rates weakened between 1/16 and Vt point initially but held unchanged with one, two and three months closing at eight 7% per cent each, six months at 8-1/16 715/16 and one year299 words
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TIME – OFF
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Article532 1985-11-02 6 SPOILSPORTS ABOUND throughout the world. They come in various guises, demagogues, megalomaniacs, dictators, politicians and bureaucrats. They have one thing in common to spoil the fun of ordinary everyday living. It might be said that there is not much fun in the unremitting toil532 words
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Article, Illustration746 1985-11-02 6 MONICA GWEE - Restructuring of upmarket restaurant in Central Business District By MONICA GWEE "PEOPLE in Singapore still don't accept that a chef is a very specially skilled worker," said executive chef Phillip Swar, removing his white hat in greeting. He should know. Swar, Singapore's pride and Joy at746 words
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Article1129 1985-11-02 6 What s on from Nov 2-8 wmmmĔĔm W CONCERT: Celebrity Fun(d) Concert by the SSO'a Ladies' League. Victoria Concert Hall. •.IS pm. Tickets: $15, $30, $40, $60. The ladies are trying to raise funds to buy new instruments for the orchestra. Last performance tonight. BALLROOM DANCING: On Sentoea. A1,129 words
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Article, Illustration175 1985-11-02 6 KONRAD JUNGHAENEL, with a repertoire centering sa late masle sf the ltth ts 18th eeatary, is regarded as sae sf the world's flaest iaterpreters sf the late masic sf Bach. His perfsrmaaces have been praised for their sweetness sad Intimacy sf toae aad virtaosie skill.175 words
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Article199 1985-11-02 6 A MASKING GAME Is often played by employers who call themselves "a well-estab-lished company" in job advertisements. But the game is not easy for statutory boards. One which tried, in an advertisement for a chief security officer, called itself "A reputable statutory board in Shenton Way".199 words
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Page 6 Miscellaneous
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Miscellaneous786 1985-11-02 6 Tytftf CWPP ORIGGUIN& 'N PUEPvSu^PvftL£. P>NT»C|PPiTION £iGMT€£N"W IN UN6. cn>eF CRYPTIC PUZZLE ACROSS 9 Soon many wilt be jogging and running: not me! (3, 6) 10 The silent Mr Turner is a musician (8) 12 Support the postponement (4) 13 Give the agent the music ond go off (6) 14786 words
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SPORTS
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Article, Illustration661 1985-11-02 7 WALTON MORAIS - By WALTON MORAIS THE BUSINESS TIMES 9th Anniversary golf competition tees off tomorrow against the bftckdrop of what must surely be the most successful four weeks for Singapore golf. Three wins in three different tournaments for Singapore golfers mean that 124 golfers will be teeing661 words
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134 1985-11-02 7 Reuter BRITAIN'S Warren Humphreys, who shot 68, and Richard Boxall, round in 69, were the sijrprise joint halfway leaders on 137, seven below par, in the Portuguese Open golf championship on Thursday. With favourite Severiano Ballesteros having to birdie the last for aReuter - 134 words
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266 1985-11-02 7 Reuter SEVE BALLESTEROS's membership in the PGA tour has been revoked and the Spanish golfer will not be allowed to play in tour co-sponsored tournaments in the US next year, commissioner Deane Beman announced on Thursday. Ballesteros, however, will remain eligible for the Masters,Reuter - 266 words
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685 1985-11-02 7 BRIAN MILLER - By BRIAN MILLER WITH ALL indications pointing towards a wet weekend at Bukit Timah it always seems to rain at the races followers of form could be in for a tough time and punters are well advised to pick their bets with extreme685 words
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493 1985-11-02 7 Time 1st Tee (Handicap (6) 90%) 7 45am Lim Swe Chew (0) Eric Teoh (9) Tan Chor Kee (22) P.K. Yeap (22) 7.52am S.C. Lim (15) Woo Hong Meng (15) Lawrence Seet (18) Tan Chong Hock (18) 7.59am Lim Ah493 words
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Page 7 Advertisements
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Advertisement7 1985-11-02 7 9& BUSINESS TIMES amruemrv GOLF COMPETITION r7 words
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Page 7 Miscellaneous
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Miscellaneous1142 1985-11-02 7 to (md mm SATURDAY NIGHT MOVIE iwU«llnn Ta vnvtiauon i o ntii 11.10 pm, Channel 5 Robert Urich moves out of Vegas into silicon valley in this movie about a husband who suspects that the strange goings-on in his house are being caused by the strange country club he and1,142 words
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INTERNATIONAL STOCKS
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305 1985-11-02 8 Reuter THE LONDON Stock Exchange is looking at several ways to prevent the fragmentation of equity trading in London, including collaboration with the big international bond dealers. Chairman Nicholas Goodison said changes due next year on the London Stock Exchange could see itReuter - 305 words
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93 1985-11-02 8 Reuter BEATRICE Cos Inc said it was willing to discuss the US$47 a share leveraged buyout proposal made by Kohlberg, Kravis, Roberts and Co. Kohlberg, Kravis on Tuesday sweetened its bid by offering $47 a share, up from an earlier $45 a share, including $7.00Reuter - 93 words
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Article318 1985-11-02 8 THE US stock market finished on Thursday with mixed results after fighting against the negative effects of poor economic news for most of the session. The Dow Jones industrial average slipped more than one point to 1374, falling back from Wednesday's all-time high. Advances led318 words
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Article126 1985-11-02 8 OCT 31 C$ 17* Imp CM Inco Int Pro* Pipe 50* U* 44* 32* Int Un I5*B Ajcon Kerr Add 14* B Lobtaw B 21* 30 .ft Mossey Ferg 3* unch Bonk Nova Scotn 13* 41* unch Mc Btodet MoHon A 18* 19* unch 30* Moore Cp 26 Brascon126 words
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Article185 1985-11-02 8 OCT 31 laid Unrsec 595 -5 Woolwoflh 1225 unch INDUSTRIALS MININGS A Alpha 855 3510 35 180 5 ***** AE And a 790S -10 1550 405 Buffets 7650 vinch AMIC 2925 -50 Charter 1060 15 2175 1050 uncH CNA 180 -10 1520 30 450 5100 75 9800S E R185 words
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Article649 1985-11-02 8 OCT 31 US$ AIcon Alumm Akoo Alegheny Lud AJbcd Own Cp Afced Stores Afrs-Cholmers Am Brands Inc Am Broodcost Am Can Co Am Cyonarrad Am Elec Pwr Am Express Am Home Prod Am Motors Cp Am Nafirai Gas Am Tel Tel Amox Inc Ameroda Hess AMF Inc Amr649 words
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Article915 1985-11-02 8 Amsterdam OCT 31 FH ABN 536 50 4 5 Acgon 9600 -05 Ahold 276 00 unch Akzo 124 70 -1 6 AM£V 73 70 -0 8 Amto» Amro Bar* 92 70 +0 4 Btfkd 4020 +04 Boh Bonumi 470 00 3 Botfcota Bur T«t 111 00 +15 Catond915 words
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Page 8 Advertisements
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Advertisement470 1985-11-02 8 %/> lES Mi R> >c /cf% Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16 each and $20 +f each (mln. 2 persons). Over 50 a la carte specialities are also available. A* FURAMA SINGAPORE HOTEL470 words
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Advertisement124 1985-11-02 8 London stocks, Back pags F"n V* sgas?h" iFli 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 M Soul from the Philippines. They'll captivate you! Happy Hours: spm 7pm, 50% off all drinks124 words
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ASIAN STOCKS
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Article451 1985-11-02 9 HONGKONG: Share prices yesterday closed firmer in very active trading as overseas institutions returned to the market as aggressive buyers. Late profit-taking trimmed some early gains but the market looked firmly in an uptrend. The Hang Seng index, which rose some 22 points at the morning close, gained 15.26451 words
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Article249 1985-11-02 9 NOV 01 Al S<nc«r« Indus Asia Cement Cathay Cons Chang Hwa Bank Chen loong Chw Hs*i Cement MT 2 99 21 60 2450 46 20 1750 20 30 17 60 -0 15 unch 0 1 unch -0.1 0 2 0 1 Nan Ya Plas Pocitic Cons Pocrfic Elect Wire249 words
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Article368 1985-11-02 9 TOKYO: Share prices yesterday plunged in afternoon trading after opening slightly lower as a sharp fall in the bond market drove investors away from equities as well. The market average closed down 128.37 on balance at 12,808.10 after losing 191.52 at one point in the early afternoon. Turnover was368 words
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Article82 1985-11-02 9 MOV 01 Woo Hyundai Const 900 1 Hyundai Motor 914 unch 740 +1 KAL 512 7 Chohaun^Bk 711 unch Korea First 746 unch Comrrteroal 0k 760 1 1306 -4 554 -6 Korea Sh«p 430 -1 unch Daewoo Corp 505 -9 Lucky Ltd 645 Daewoo Ind 698 46 Somsung Co82 words
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Article382 1985-11-02 9 SYDNEY: Australian sharemarkets yesterday suffered their sharpest fall since mid-1983, with the main market indicator falling more than 20 points on reports that Opec members were now free to set their own oil prices. The possibility that the London Metals Exchange may suspend nickel trading also depressed the market.382 words
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Article142 1985-11-02 9 BANGKOK: Stock prices closed lower in weak trading yesterday. The Book Club index fell 0.11 point to 131.89 and declines led advances by a slim margin. Turnover was 96,618 shares worth 17.0 million baht. NOV 01 Aokhom Thai Asm Ffcre Ayuthaya Inw And Trust Bangkok Agro-tnd Bangkok Bank Bank142 words
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116 1985-11-02 9 AFP TWO LEADING Japanese oil companies and their jointly-owned refining company have signed an agreement to merge. Sources said Daikyo Oil Co and Maruzen Oil Co and the jointly-owned company, Cosmos Oil Co, are to merge on April L The merged company, to beAFP - 116 words
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424 1985-11-02 9 Reuter THE AUSTRALIAN share market's retreat from last week's all-time high appears to be a technical correction to the market's almost unbroken 47 per cent climb this year, not the beginning of a steep slide, according to analysts. However, this view was not universallyReuter - 424 words
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128 1985-11-02 9 AFP THE JAPANESE Nissho Iwai Corporation has won a court order restraining a Kuwaiti company from selling shares in the British Lonrho trading conglomerate. Nissho issued a statement on the London Stock Exchange on Thursday saying that it had, in July, obtained a courtAFP - 128 words
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268 1985-11-02 9 Reuter MITSUBISHI HEAVY Industries Ltd (MHI) has predicted parent company sales of 1,850 billion yen in the year ending March 31, 1986, down 7.5 per cent from 2,000 billion a year earlier. Managing director Yu Tashiro said in Tokyo yesterday that the parent company'sReuter - 268 words
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Page 9 Advertisements
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Advertisement463 1985-11-02 9 k CI S k The start of an experience so authentic yet unique. 3* I Opening Hours: Lunch: 11 a.m. to 3 p.m. Dinner: 6 p.m. to 10.30 p.m. KINTA'MANI DELICIOUSLY HYATT PLUM'S lIIIIIIIIIIIIUIII Plum's! Spacious, spread out and contemporary. You'll find the best of local and western cuisine there's463 words
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Advertisement141 1985-11-02 9 let's booze to Hie music!! fcrFROM 9 V HAPPY HOURS: spm 7pm daily Hot rock or favourite contemporaries, this popular alt-girls, Six Angels Band, plays and sings fight into your heart Brings you into a world of pure entertainment while you drink away into the night. Showtfuw.* B.oopm -1 00am141 words
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SHARE INFORMATION
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Article, Illustration4478 1985-11-02 10 NERVOUS trading during the second-half of the day thwarted an encouraging and highly spirited morning rally on the Singapore stock market yesterday. Talk of a collapse in the Opec price cartel system at mid-morning yesterday outweighed the bullish news of the CPF share investment4,478 words
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Article267 1985-11-02 10 SINGAPORE Rises Indicss Rothmom Msio 378 LlMSOt 235 O C 6 C 860 FAN 660 S F H 660 D B S 590 Spore Lond 250 r' m in 26 22 15 15 15 15 8 +6 6 BT Composite BT Indicator BT OB/OS BT CADI BTOBV267 words
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Article5077 1985-11-02 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".5,077 words
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Page 10 Advertisements
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Advertisement11 1985-11-02 10 KL market report, Business done on the KLSE See page 1111 words
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COMPANY NEWS
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Article602 1985-11-02 11 NAJEEB JARHOM - Strict limits on private placements of its shares overseas By NAJEEB JARHOM SINGAPORE AIRLINES is to impose certain restrictions on the private placements of its shares in international markets and all dealings between local and overseas investors must strictly be within these limits. This was disclosed602 words
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355 1985-11-02 11 HEAVY SELLING across the board caused share prices to tumble on the Kuala Lumpur stock market yesterday. However, some bargain hunting at the final hour helped most counters to reduce their losses. The trading pace was active as short sellers took advantage355 words
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Article4115 1985-11-02 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. MDUSTRMU.S A Choc (3 006 3 04S) (5) 3 064,115 words
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153 1985-11-02 11 HYATT of Hongkong Ltd has ceased to be a substantial shareholder of Sealion Hotels Ltd, owner of the Hyatt Regency Singapore, following the sale of 2.506 million shares in the company on Oct 25. It now holds 6.167 million shares, representing 4.5 per153 words
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LATEST RESULTS
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Article41 1985-11-02 11 Group pre-tax operating profits of M 53.55 million ($3.24 million) on turnover of $57.57 million ($52.6 million) for the year ended July 31, 1985. Directors have recommended a final dividend of 12 per cent less tax.41 words
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40 1985-11-02 11 Pre-tax prof- its of M 512.06 million ($8.84 million) for the year ended June 30. 1985. Directors have recommended a final dividend of 90 cents per share less tax payable on Dec 31.40 words
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Article, Illustration299 1985-11-02 11 pita By HOCK LOCK SIEW THE JUST-FINALISED CPF share investment scheme creates some very exciting opportunities (or a whole group of people, especially investors. There are many potential winners within the 70-odd Singa-pore-incorporated issues which qualify as trustee stocks, and I hope to highlight as many asBy HOCK LOCK SIEW - 299 words
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Article104 1985-11-02 11 HONGKONG Hong Seng Index Fndoy 1680 65 Thursday 1665.39 Week ago 1671.73 TOKYO Nikkei Average Friday *****.10 Thursday ***** 47 Week ago ***** 99 TSE Index Fndoy 1018.51 Thursday 1026 38 Week ago 1016.34 SYDNEY Australian Minings Fndoy unav Thursday unav Week ago 528.5 Australian Industrials Friday 1500.3104 words
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276 1985-11-02 11 MALAYSIAN BUSINESSMAN Ronald Ng Wai Choi has failed in his attempt to take over an Australian company, Allied Pacific Investments Ltd. Mr Ng, a former associate of another Malaysian businessman, Mr Lee Ming Tee who is based in Sydney, did not meet276 words
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Article269 1985-11-02 11 Managers' prices for Nov 2 4 Singapore Unit Trust The Commerce 1 66 1 76 The Sovngs Fund 1 27 1 35 S'pore Prog Fund 0 71 0 75 S'pore Sec Fund 1 04 1 10 S'pore Invest Fund 0 78 0 83 S'pore Equity Fund 0 75269 words
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Page 11 Advertisements
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Advertisement122 1985-11-02 11 NOTICE NOTICE IS HEREBY GIVEN that, I, Yong Lin Foo of Blk 216 Tampines St 23 #09-31 Singapore 1852 have applied for a Retail Liquor Shop Licence in respect of premises at M/s Wan Ngen Yong Kee Medical Provision Store, Blk 406 Tampines St 41 #01-13 Singapore 1852 and that122 words
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Advertisement215 1985-11-02 11 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, ABC Marlneland Services Pte Ltd of 19, Delta Road, Singapore 0316 hereby give notice that In consequence of our client's Intended proposal to change of ship's name of MV "NORDBAY". We have applied to the registrar of Singapore ships, under215 words
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Advertisement297 1985-11-02 11 THE COMPANIES ACT CAP. 185 PEKING LACE (MALAYA) PTE. LTD. (la valuUry UqiMattea) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 163 Tras Street, #09-03, Lian Huat Building. Singapore 0207 on the Ist day of November, 1985, the special resolution set297 words
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Advertisement259 1985-11-02 11 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 18$) AND IN THE MATTES OP YONG BAN SENG (PTE) LTD. (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting or the Members of the abovenamed company duly convened and held at 50 Jalan Sultan #21-04 Jalan Sultan Centre, Singapore259 words
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Advertisement259 1985-11-02 11 In the Matter «f IV CmpMlw Act, Cap. Ui la the Matter «t TIN YUEN JEWELLERY PTE LTD (la Members' Y*lutary UqikUtUn) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Colombo Court #04-15 Singapore 0617 on Friday, the Ist day of November 1985,259 words
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442 1985-11-02 12 SOH TIANG KENG - By SOH TIANG KENG, Banking Correspondent THE FOREIGN EXCHANGE markets in Singapore and other financial centres yesterday reacted calmly to news of the break-up of the price and production quota structure of the Opec. There was no confusion or panic trading as dealers442 words
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Article291 1985-11-02 12 LOH HUI YIN - By LOH HUI YIN CRUDE OIL prices are likely to come under severe pressure following the collapse of the Opec pricing structure. "There could be a psychological impact, with pressure to push prices down over the next few days," commented a Singapore trader. Expectations of291 words
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Article, Illustration275 1985-11-02 12 Reuter INDONESIAN Oil Minister Subroto yesterday said there had been no change in the pricing policy of the Organisation of Petroleum Exporting Countries. Mr Subroto, who is the chairman of Opec, contradicted a statement by the Oil Minister of the United Arab Emirates that eachReuter - 275 words
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196 1985-11-02 12 Bernama FORMER BUMIPUTRA Malaysia Finance (BMF) chairman Lorrain Esme Osman yesterday failed to get the Supreme Court in Kuala Lumpur to overturn a High Court decision rejecting his application to set aside an order for substituted service of a M 527.6 million writBernama - 196 words
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100 1985-11-02 12 Reuter CHINA'S swelling private sector consists of 11 million industrial and commercial businesses employing 15 million people, according to a recent government survey. The State Industry and Commerce Administration survey showed 11 million companies had a total working capital of more than 13.2 billionReuter - 100 words
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189 1985-11-02 12 Reuter OIL TRADERS in Tokyo were puzzled by United Arab Emirates Oil Minister Mana Said Oteiba's remark that Opec members were free to sell oil at any price. His comment could undermine current strength in the spot oil market, they said. Opec producers are enjoyingReuter - 189 words
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Article, Illustration172 1985-11-02 12 AFP FOR THE FIRST TIME since the Six-Day War in 1967, the Catholic Church was allowed on Thursday to celebrate mass at the Jordan River bank site where tradition holds that Jesus Christ was baptised by John the Baptist. The site, near Qasr El YahudAFP - 172 words
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327 1985-11-02 12 FRANCIS SIAH's application to oust Deloitte, Haskins and Sells as Lamipak's provisional liquidator ran into difficulties as Price Waterhouse has withdrawn its consent to be the replacement. This means that his original application, filed last week, will have to be amended to accommodate327 words
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Article116 1985-11-02 12 Reuter REPUBLICANS in the US Senate plan to modify their balanced budget plan to lower the first year deficit target from US$lBO billion in 1986 to about $172 billion, according to House Republicans. Assistant House Republican leader Trent Lott of Mississippi and Florida Republican Connie MackReuter - 116 words
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Article1009 1985-11-02 12 EQUITIES yesterday opened mostly easier on profit-taking following this week's advance to record highs. The FTSE 100 Index at 0968 GMT was five points lower from Thursday's closing peak at 1372.2. Oiis shares were depressed following reports on Thursday that Abu Dhabi Oil Minister said Opec members are1,009 words
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435 1985-11-02 12 INVESTMENT commitments next year are unlikely to be more than this year's estimated $1.1 billion, said Economic Development Board chairman P Y Hwang. But the board would keep working hard to bring in the investments. "We'll get as much as we can," said Mr Hwang435 words
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192 1985-11-02 12 Reuter TWO SINGAPOREAN men have spurned a re-trial on heroin charges because they would rather spend 15 years in an Australian jail than be deported to face the Republic's stern judicial system. Their lawyers told the Perth court on Thursday that Kok Soon Lee,Reuter - 192 words
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Article104 1985-11-02 12 Reuter COMEX GOLD FUTURES reached their lows for the week on selling yesterday morning, fanned by worries over the prospects of continued weakness in the oil price. Gold for December delivery fell US$2.2O to $324.50 an ounce on small sell stops at Thursday's low of $325.00. Analysts saidReuter - 104 words
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Article65 1985-11-02 12 THE NEW YORK stock market yesterday retreated after recent gains. The Dow Jones industrial average was down a fraction to 1374. Declines led advances by a five-four margin on turnover of 11.26 million shares. Beatrice led the actives, off to H 3 Pantry Pride was second, up65 words
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LATE FILE
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Article56 1985-11-02 12 UPI INFLATION in the Philippines continued its downward trend from a high of 64 per cent a year ago to 10.8 per cent last month. A Palace Statement released yesterday quoted the National Economic and Development Authority as saying that the inflation rate would reach singleUPI - 56 words
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Article41 1985-11-02 12 Reuter US TEXTILE and apparel imports in September rose 22 per cent to 1.062 billion square yard equivalents, the highest import level ever recorded for the month of September, said the US Department of Commerce yesterday. ReuterReuter - 41 words
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Article49 1985-11-02 12 UPI GENERAL GHAZALI Che Mat yesterday took over as the chief of the Malaysian defence forces from General Ghazali Mohamed Seth, who is retiring. General Ghazali Che Mat. 54, was the former chief of army and had earlier commanded military intelligence operations. UPIUPI - 49 words
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Article56 1985-11-02 12 AFP A CONVENTION covering the sale of goods has been adopted at The Hague by 150 lawyers from 70 countries. The convention provides rules for the detennination of the law applicable to contracts for the international sale of goods, especially when the seller and buyerAFP - 56 words
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Article46 1985-11-02 12 THE PAKISTAN Senate yesterday passed a controversial indemnity bill legitimising eight years of martial law. The bill, which also writes most of military ruler General Mohammad Zia-ul-Haq's martial law orders into the Constitution, was passed by the National Assembly earlier last month.46 words
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Article48 1985-11-02 12 Reuter CANADIAN Energy Minister Pat Carney yesterday announced an extensive revamping of natural gas regulations that includes abolishing the rule that exports cannot be priced below the Toronto wholesale price. The agreement also calls for a freezing of domestic prices for one year. ReuterReuter - 48 words
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Article28 1985-11-02 12 ALI HASSAN MWINYI has been declared Tanzania's president-elect after taking 92.20 per cent of the votes cast in the country's presidential poll last Sunday.28 words
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Article55 1985-11-02 12 AP PRESIDENT REAGAN, who announced six weeks ago that his recovery from cancer surgery was "100 per cent complete," was to return to the Bethesda Naval Hospital yesterday for what the White House called "another routine post-operative visit". The examination would include an abdominal examination,AP - 55 words
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Page 12 Advertisements
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Advertisement16 1985-11-02 12 Oteiba says Opec members free to eet own prices, Page 4 Talks break down, Page 416 words
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Advertisement7 1985-11-02 12 Expansion forms bulk of invostmonts, Page 27 words
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Page 12 Miscellaneous
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Miscellaneous63 1985-11-02 12 msiiraa Outlook for todoy: Showers expected in o few areos in the late morning and several areas in the afternoon. Report for 24 hours prior to 7 30pm on Nov 1 at th« airport: Maximum temperature 32.0 Associated humidity 69 Minimum temperature 24.0 Associated humidity 97 Hours of sunshine 5.3063 words
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