The Business Times, 21 December 1985
1985-12-21
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The Business Times
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Title Section12 1985-12-21 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, DECEMBER 21, 1985 75 CENTS12 words
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Article491 1985-12-21 1 KLSE to monitor the firm's day-to-day trading THE KUALA LUMPUR Stock Exchange Committee has decided not to suspend Ipoh-based stockbroking firm Y K Fung Securities Sdn Bhd, which has failed to pay James Capel Singapore for forward share contracts in two Tan Koon Swan-related491 words
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461 1985-12-21 1 LIM SOON NEO - By LIM SOON NEO THE FAST-DEVELOPING business of aircraft trading has been put forward as one which could successfully be undertaken in Singapore. Expanding aircraft fleets and traffic growth rates in Asia mean that a secondary market for used aircraft would have good potential, according461 words
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Article, Illustration71 1985-12-21 1 THE SINGAPORE stockmarket cleoed narrowly mixed yesterday u Mme share prices recovered their previous day's leases ea bargain-hunting by lnstitattoaal In v est© re. At the ftaal hell, the BT Composite Index was down 3.13 points to aa all-time low of 511.58. The Straits Times Indus- trial ladex71 words
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Article, Illustration267 1985-12-21 1 ELAINE KOH - By ELAINE KOH POLITICAL SECRETARY (Health) Mr Lau Ping Sum has stepped down from his post and the Parliamentary Secretary (Community Development), Mr Teo Chong Tee, has also resigned. This was confirmed last night by the First Deputy Prime267 words
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Article110 1985-12-21 1 AP HONGKONG'S gross domestic product will grow by less than 4 per cent this year instead of the 4.5 per cent estimated earlier, the colony's Financial Secretary, Sir John Bremridge, said yesterday. In revising the GDP estimate for the second time in less than twoAP - 110 words
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Article161 1985-12-21 1 AP THE US ECONOMY grew at a sluggish 2.4 per cent this year according to a flash forecast, the weakest rate since the recession year of 1982. The Commerce Department said America's gross national product, the broadest measure of economic health, was down substantially fromAP - 161 words
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423 1985-12-21 1 ENTREPRENEURS HIP is alive in Singapore but its spirit has been dampened by an intrusive government and an economic policy that emphasises foreign investment, according to a cover story in the latest issue of Singapore Business. Citing local industrialists, ministers and423 words
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Article46 1985-12-21 1 Reuter HARD-WORKING Japan has decided to take an extra day off. Parliament passed a Bill yesterday making May 4 a public holiday from 1988, cancelling a workday sandwiched between Constitution Day on May 3 and Childrens' Day on May 5.Reuter - 46 words
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Page 1 Advertisements
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Advertisement320 1985-12-21 1 ENEX-ASIA* E*?F= ASIA iSKgi 6L6CTRONICSB6 S E Asia s 6th International Exhibition of Electronic Components. Assemblies, System Packaging and Production Technology 21-25 October 1986 World Trade Centre, Singapore INTERFAMA EXHIBITIONS PTE LTD Park way Bui klers Centre #10-03 06 1 Marine Parade Central Singapore 1544 j Tel *****00 Tele* RS320 words
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Advertisement252 1985-12-21 1 SHARE INFORMATION MONEY EXCHANGES RAW MATERIALS SHIPS IN PORT OUR VIEW BRITISH CALEDONIAN odvertised for 250 oir hostesses and to dote has received 30,000 applications from women in Britain and Europe. What makes otherwise sensible, levelheaded girls want to spend their working lives ot 12,000 m, ministering to the tired,252 words
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Advertisement156 1985-12-21 1 Mora reports, Pago 10 Int'l stocks, Pago 8 Asian stocks, Pago 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 Wayfoong156 words
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Advertisement58 1985-12-21 1 E N X A S I Afr ELECTRICss ASIA 86 S E Asia s 6th International Exhibition of Electrical Engmeenng.lnstrumentation, Controls,?ittings and Accessories 21-25 October 1986 World Trade Centre, Singapore INTERf AMA EXHIBITIONS PTE LTD Parkwa* Bu'Weis Centra* 10 03 06 1 Mar in** Parade Central S«rvyapore It>44 i 158 words
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HOME NEWS
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Article, Illustration458 1985-12-21 2 JEFFREY TSANG - Model compatible with IBM range By JEFFREY TSANG A TOP OF THE RANGE personal computer compatible with IBM's Advanced Technology PC will shortly be manufactured by a Singapore company. The ALR 286, which will be the second Singapore-made computer, is quite different from the first,458 words
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575 1985-12-21 2 SHAHRIR ARIFF - ASIAN AER^SRACES6 Aviation experts from all over the world will gather in Singapore next month for the Asian Aerospace '86 exhibition. In only its third year, this has been hailed as the third most important international aviation exhibition after the UK's Farnborough575 words
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220 1985-12-21 2 CIVIL AVIATION in South-east Asia and the Pacific Basin is expected to expand rapidly and outpace the other regions over the next decade. This generates a demand for all kinds of aircraft as well as new airports and other ground facilities. In conjunction220 words
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128 1985-12-21 2 CHRISTMAS at the Equator goes beyond the traditional 12 days of Yuletide. It will continue until Jan 20, at least for the lights along Orchard Road. The light-up on Dec 7 was due to end on Jan 12, but has been extended by128 words
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214 1985-12-21 2 DYNAPAC, a Swedish manufacturer of construction equipment, expects strong growth in Asia following a recent tie-up with Japan's Hitachi Construction Machinery. Under the agreement, Hitachi would distribute certain equipment manufactured in Japan by Dynapac KK. the Swedish group's Japanese subsidiary. These equipment, including vibratory and214 words
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352 1985-12-21 2 LISA LEE - By LISA LEE THE PROPERTY Market Consultative Committee is considering curbing or delaying the supply of property as a solution to the glut in the market. Dr Toh Peng Kiat, chairman of the committee and director of the Finance Ministry's352 words
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300 1985-12-21 2 THE IN-HOUSE newsletter is seen by many employees as the most important element which enhances the relationship between workers and managers, a survey has shown. More than half of the personnel managers and union leaders surveyed ranked the in-house newsletter as the300 words
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227 1985-12-21 2 BENDIX AEROSPACE will put on show the latest commercial and general aviation avionics, and defence equipment at the Asian Aerospace 96 exhibition from Jan 15 to 18 at Changi Airport. Items m show will include its Series HI electronic flight instrument system227 words
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Article875 1985-12-21 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Stoh Avenir K29 Stolt alongside 21.12.85/1100 Equator 4 K22 Thong Soon 1.12.85/***** 22.12.85/0700 G'den Odyssey K36 Harper 21.12.85/0630 22.12.85/2300 Jenhol K23 Thong Soon 21.12.85/0700 22.12.85/0700 Koh Jin KI6 Borneo 21.12.85/0100 21.12.85/0600 Kota Bertian KI7 PIL 21.12.85/0600 22.12.85/0600875 words
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Page 2 Advertisements
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Advertisement41 1985-12-21 2 0 cP cP T 'I K Live-Band Music Non-Stop Dancing Charming Hostesses Gracious Service i. AUG :.THE"FESTIVE" p&0 e> o Q( (S^ 81 to Off ice NiUr-Ctu6 Louise •the 1. Claymore Drive, #02-11 Orchard Tower (Rear Block) Singapore 0923 Tel: *****2641 words
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OVERSEAS
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262 1985-12-21 3 AFP THE ASOM Gana Parishad (AGP), or Assam People's Conference, an Indian political party formed only 67 days ago, has dealt a major blow to Prime Minister Rajiv Gandhi's centu-ry-old Congress Party with a runaway lead in Monday's state polls. The party,AFP - 262 words
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Article79 1985-12-21 3 MALAYSIAN Deputy Prime Minister Musa Hitam did not think that journalists should be working on Press Night. So he refrained from making a formal speech at the Malaysian Press Night in Kuala Lumpur on Thursday. "Journalists have always been working very hard reporting my79 words
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Article856 1985-12-21 3 ARRIVALS Operator Service number .ocal From rime OA SIA CAL OA471 SQII CI333 0030 0125 0130 ATH LAX/TYO TPE PAA PA2I/5 0155 LAX/TYO/HKG Merpoti SIA MK PKMFT SQ41 MK746 0450 0615 0755 AMS/BDS/ATH CAI/JED/BAH /KHI/DEL/BKK MAA MRU MAS CV MH68I CV7796 0820 0845 LUX/DXB KAL MAS MAS856 words
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Article, Illustration55 1985-12-21 3 CHRISTMAS hat special meaning for 30,000 Catholics in Beijing. The Beitang Cathedral shown in the picture, China's largest cathedral, will reopen tor Christmas mass after being closed for 27 years. Built in 1887 in the German Gothic style, the church was used as a55 words
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437 1985-12-21 3 Shifting production abroad unwise, says Japanese industrialist AP AKIO MORITA, the chairman of the Electronic Industries Association of Japan, has warned that American electronics companies must stop trying to compete by shifting their production overseas to countries with lower production costs, and should work instead toAP - 437 words
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136 1985-12-21 3 UPI JAPAN'S per capita gross domestic product in 1984 surpassed US$lO,OOO for the first time in history and ranked ninth among Western industrialised nations, the Economic Planning Agency reported yesterday. The agency said per capita GDP gross national product minus overseas income totalled U5510,445UPI - 136 words
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Article481 1985-12-21 4 Policy-related problems to blame, says Gatt Reuter, AFP GROWTH IN WORLD trade slowed dramatically in 1985, advancing by less than 3 per cent in volume after a sharp 9 per cent increase in 1984, according to the General Agreement on Tariffs and Trade (Gatt). RecoveryReuter,; AFP - 481 words
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233 1985-12-21 4 AFP VIOLENCE against the press has increased worldwide, with about 30 per cent more journalists killed and almost three times as many taken hostage in 1985 as in 1984, the US libertarian organisation Freedom House said in New York yesterday. Thirty journalists were killed inAFP - 233 words
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189 1985-12-21 4 NYT, AFP CIGARETTE SMOKING represents a greater health threat to most American workers than do workplace hazards, said the US surgeon-general. In an annual report published on Thursday, surgeongeneral Everett Koop said smokers run 50 times the risk of needing medical treatmentNYT,; AFP - 189 words
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Article85 1985-12-21 4 AP AMERICAN Secretary of State George Shultz, reacting sharply to a White House proposal to give lie detector tests to holders of classified information, said he would resign rather than submit to such a procedure. "The minute in this government that I'm told that I'mAP - 85 words
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230 1985-12-21 4 Reuter THE NETHERLANDS appears set to become the first country to legalise mercy killing after the Liberal Party, junior partners in the ruling coalition, gave qualified support to an opposition euthanasia bill. Liberal spokesmen told parliament on Wednesday that the party would probably backReuter - 230 words
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Article, Illustration78 1985-12-21 4 Reuter picture GEORGE HARLOW, a curator of minerals and gems, showing off tha "Brazilian Princess" the world's largest cut gem after its arrival at the American Mueeum of Natural History in New York on Thursday. The gem weighs 4.3 kilo and is crystal clear. ItReuter picture - 78 words
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179 1985-12-21 4 Reuter EUROPEAN COMMUNITY farm ministers, brushing aside objections from Britain, Ireland and Denmark, have agreed in principle to a total ban on the use of hormones to fatten cattle. The ban, which comes into effect on Jan 1, 1988, will extend to natural hormonesReuter - 179 words
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Page 3 Advertisements
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Advertisement8 1985-12-21 3 ■<i~ RmAm's747SP ■&U Fastest Daily to ,M&Sk New^brk.8 words
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Advertisement178 1985-12-21 3 <v m vS Of > mm 12 A v. LV Alrf 7 Vfc v > 'JWJ L r* Z #WASJ»' I Kk'A. m Ba if you aren't worth bit more, who is? i '>i ■11 nl I r lw I 1 [1 1 '> I>f I' ii .''.II! i-!:<mi!. '>n!178 words
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RAW MATERIALS
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Article149 1985-12-21 4 Chinese Produce Exchange (Sellers' noon closing prices on Dec 20 (SS/100 kg). Coconut oil Bulk FOB 6500 Old drum FOB 78 00 New drum FOB 8200 Copro 33 Mixed (loose) buyers Pepper Muotok White FOB NLW 1102 50 Sarawak White 1092 50 FOB faq NLW Sarawak special 892149 words
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Article289 1985-12-21 4 Singapore (S$/kilo, ex-godown) Frogront new crop 1st 0 74 2nd 0 56 3rd 056 New Crop 25% no stock 10% no stock Thai Broken A-super no stock Speciol '0 46 Thai Rice 55% no stock China Rice 10% no stock 15% 0 69 25% no stock 35% no stock289 words
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Article327 1985-12-21 4 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int I RSS Prompt 153 00 154 OON 153 00 154 OON Int 1 RSS Jon 86 153 00 153 50 153 00 153 50 Int 1 RSS Feb 86 154 00 154327 words
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Article107 1985-12-21 4 (cents/kg, 1-ton pollets) FEB 86 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 151 00 153 00N 151 50 I53 50N SSR 50 149 00 151 OON 149 50 151 SON MRELB Buyers Sellers Buyers Sellers SMR CV 213 50 2I5 50N107 words
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Article146 1985-12-21 4 THE MALAYSIAN crude palm oil market recovered on late buying yesterday following unconfirmed reports of Pakistan buying January RBD olein. Trading was generally quiet as early bearish sentiment was affected by India's rejection of all offers for vegetable oils. In December, central and south region rose Msls and146 words
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Article227 1985-12-21 4 SINGAPORE The market closed lower yesterday with January One RSS buyers quoted at 153.00 cents per kg, down one cent from Thursday. The morning session lost one cent on lack of interest in dull and featureless trading with participants largely sidelined ahead of the Christmas holidays. Prices were little227 words
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Article13 1985-12-21 4 Closing prico* on Dcc 20 KL TIN (Mtykg) Price Suspended Turnover (tonnes) Suspended13 words
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Article235 1985-12-21 4 SPOT DECEMBER wheat futures on the Chicago Board of Trade expired at noon 1 1 US cents a bushel higher and March finished up 4M cents at its regular close on Thursday. Surging soybean values contributed to gains in wheat, although prices had already started higher on fairly strong235 words
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Article239 1985-12-21 4 SOYBEAN FUTURES on the Chicago Board of Trade surged at a frenetic close on Thursday, and finished 12 to 16 US cents a bushel higher. March finished near the top 15'/«-cent range. Prices jumped a cent at a time as C D Commodities stepped in to buy about five239 words
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Article777 1985-12-21 4 COFFEE Renewed strength in New York on Thursday afternoon boosted confidence in robusta futures which ended a strong but volatile day with gains from Wednesday night's close of £90 to £73 a tonne in active business. Early afternoon uncertainty over New York's likely movement caused light paring of777 words
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Page 4 Miscellaneous
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Miscellaneous52 1985-12-21 4 UNCLE THEN tLL HAVE WKEI THE UMOSENT POtrtiuM WMJfTHE A RICK- yOUA CUAIH HANPHERE. A I m BY GARRY TRUDEAU yOU CERTAIN* AREBEIN6 CONSIDERATE, ™MS, UNCIEDUKE. NEPHEW. m A TEENY BIT OUT OF CHARACTER, umm YOU SAY* YOuRER/GHT mm ME 70 SEE A SHRINK* I WILL IF YOU RE WORRJEP52 words
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MONEY AND EXCHANGES
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Article666 1985-12-21 5 SINGAPORE The US dollar weakened slightly against most major currencies yesterday in quiet afternoon trading but closed narrowly mixed compared with New York's levels. The dollar closed easier at 202.60/75 yen compared with New York's 203.05/15 close. The greenback closed slightly lower at 2.5115/25 marks compared with New666 words
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Article51 1985-12-21 5 RESULTS OF TENDER held on Dec 20 for 91-day Treasury bills to be issued from Dec 23, 24 and 26. Offered: $110,000,000. Applied for: $214,500,000. Allotted: $110,000,000. Accepted bids: $99.27 approximately 95 per cent; higher bids in full. Aveifcge rate of discount on allotment: 2.920 per cent per51 words
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Article110 1985-12-21 5 THE OVERNIGHT rate on the Singapore interbank money market fell by H point from Thursday to close at 3"» per cent yesterday. The one-month term rate fell by 1/16 point while the two and three-month rates remained unchanged. S$ Interbank rates at 3pm yesterday: Otter B.d Overnight 3110 words
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Article, Illustration354 1985-12-21 5 Asian market ASIAN DOLLAR deposit rates closed steady yesterday at opening levels in quiet weekend trading. Dealers said news of a US$3.2 billion fall in latest US M-l money supply was within market expectations and had little impact. Most operators were sidelined and awaiting for the "flash" estimate of US354 words
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Article250 1985-12-21 5 Interbank rotes at 3pm yesterday: Currencies Noaimj il rate* Smithsonian Bid Offer cross parity change Local dollars to one unit of foreign currency: US dollar 2 1185 2 1195 2 8196 -2487 Sterling pound 3 0114 ***** 7 3469 -59 01 Australian dollar 1 4426 1 4454 *****250 words
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Article336 1985-12-21 5 BA Futures EURODOLLAR futures yesterday gapped up from Thursday's close due to the Fed's addition of reserves through system repurchase agreement on Thursday night. After the initial opening at 92.30, the March contract was locked between 92.29 and 92.30 during the early session in quiet trading as traders movedBA Futures - 336 words
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Article242 1985-12-21 5 HONGKONG: The metal closed steady in thin and dull trading yesterday in the absence of fresh factors. It ended at U*****.30/60 an ounce, compared with New York's $324.00/50 close and the $323.10/50 finish here on Thursday. On the local market, gold closed HK$9 higher, at $3,019 a tael. Krugerrand242 words
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BANKING AND FINANCE
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245 1985-12-21 5 DBS BANK yesterday announced top management changes which will take effect from Jan 2. The announcement confirms a BT report on Thursday about the reshuffle. Under the new organisational chart, the bank's president, Mr Patrick Yeoh, will have the senior vice-president in charge of245 words
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114 1985-12-21 5 Reuter LATIN AMERICA'S foreign debt rose US$B billion this year to $368 billion but fell in real terms. The UN Economic Commission for Latin America the Caribbean (Cepal) said in its annual report that allowing for world inflation, the debt had been cut thisReuter - 114 words
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512 1985-12-21 5 LEE HAN SHIH,ALVIN TAY - By LEE HAN SHIH,ALVIN TAY APPARENTLY racing against time, Citibank has snapped up several properties as collateral in the past six months to cover $53 million in loans to a property subsidiary and an associate of the Pan-Electric group. The loans included five512 words
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Article606 1985-12-21 5 Reuter NEW BANKING DATA have provided (airly conclusive evidence that the Federal Reserve has eased monetary policy, but they do not suggest that the long-awaited cut in the discount rate is imminent. Adjustment borrowings from the discount window averaged just US$3l7 million a dayReuter - 606 words
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Page 5 Advertisements
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Advertisement124 1985-12-21 5 Ts i VI. I i t I Vl > j f H V I j s: 4 Christmas Classics Cross pens have been a traditional Christmas gift for many generations. In fact, ever since 1846 when Alonzo Cross perfected his first gold-plated propelling pencil. This Christmas your choice is more124 words
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TIME-OFF
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Article435 1985-12-21 6 THERE MUST BE something very attractive about spending your working life at 12,000 m over the Pacific, the Atlantic or the Indian Ocean, although we have to admit we haven't the faintest idea what it is. Seasoned air-trav-ellers all tell the same story. They buy a435 words
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Article, Illustration926 1985-12-21 6 MONICA GWEE - By MONICA GWEE THESE FRIENDS and strangers have a motto which has served them well over the years: You bring along a friend and I'll bring a friend to the museum. What happens from there is a story worth several re-tellings. The Friends of the Museum926 words
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Article1005 1985-12-21 6 What's on from Dec 21-27 f- s ,> EXHIBITIONS: Oriantal Paintings and Buddhiat Works of Art. Lower Basement, Tanglin Shopping Centre Extension. 10sm-7pm. Admission free. Organised by Antiques of the Orient Pte Ltd. Ends Dec 24. Sculptural, architactural and dacorativa statuaa by Sim Lian Huat. Orchard Point. cf,nb !2-9pm.1,005 words
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Article, Illustration389 1985-12-21 6 IT MIGHT BE just bad luck that SIA shares performed badly since they made their debut this week. The superstitious noted that SIA shares closed at $4.44 on Thursday. Those magic numbers, to some of them, sounded like "Fall, fall, fall". To the Cantonese, who are389 words
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Article, Illustration123 1985-12-21 6 CHINESE PUPPETRY has a long history dating hack to the Han Dynasty. It became established as a form of popular entertainment in the Song Dynasty. The Chinese pnppet theatre first appeared in Singapore in the late 19th century and was one of the few forms123 words
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Page 6 Miscellaneous
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Miscellaneous785 1985-12-21 6 CRYPTIC PUZZLE ACROSS 9 Tolerated, when one had the same digs as (3, 2, 4) 10 Weight of the solitaire? (3, 5) 12 Measure the pole, hollow inside (4) 13 What the nutty fly flew info? (6) 14 Final destination of the trunk 5 (3, 4) 15 Being told to785 words
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SPORTS
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Article363 1985-12-21 7 WALTON MORAIS - By WALTON MORAIS SINGAPORE Sports Council chairman Dr Tan Eng Liang has singled out gymnastics and volleyball as the sports that need most improvement following Singapore's performances in these events at the SEA Games competition. Dr Tan said the Republic's performances in these two sports363 words
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233 1985-12-21 7 VETERAN Lim Choo Beng tees-off as favourite tomorrow in Seletar's Medal of Medals golf competition minus the drama of last year's contest. Last year, the controversy surrounding the six young honorary members who had their memberships revoked hung like a233 words
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531 1985-12-21 7 BRIAN MILLER - By BRIAN MILLER WE THOUGHT he looked pretty forward when he beat a Restricted Class field over the Penang 1,200 m in October. And last week he looked a better-than-average bet. So we were surprised and even a little puzzled when his connections531 words
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Article157 1985-12-21 7 AFP THE TWELVE-METRE yacht which twice defended the America's Cup arrived in Perth on Friday on a new mission to take the sport's ultimate prize back to the US. Courageous, the winner of the 1974 and 1977 defence series in Newport, is the big hopeAFP - 157 words
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Article, Illustration648 1985-12-21 7 UPI AN INVETERATE nail-biter, Alain Prost promises to be more relaxed next season after finally securing the World Formula One championship at the third time of asking. The first French world champion, and a man always with an eye on records, Prost now hasUPI - 648 words
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Article, Illustration499 1985-12-21 7 UPI TROPHY HOLDER Sweden won its first advantage point over underdog challenger West Germany on Thursday in the draw for this weekend's Davis Cup final. World No 3 Mats Wilander took on Michael Westphal, hovering around the 50-mark in world ranking, inUPI - 499 words
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456 1985-12-21 7 UPI VICTORIES at the tours of France and Italy this year put Frenchman Bernard Hinault among the greats of cycling history and left it to his appointed successor Greg Lemond to deal with challenges next season from the talented and ambitious LaurentUPI - 456 words
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Page 7 Miscellaneous
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Miscellaneous1176 1985-12-21 7 tj mm Saturday Night Movie'— A Christmas Carol 11.25 pm, Channel 5 This 1984 version of the old Charles Dickens's Christmas favourite is another Christmas special SBC has lined up for us. George C Scott is convincing as old Ebenezer Scrooge who amends his miserly grouchy way, making Christmas a1,176 words
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Miscellaneous17 1985-12-21 7 OH NO U)£'£e GOING BE LUro&GReD u>iTH THfvr LITTLE &uyiHG £fcj2,RVS s «y 2^ 7* •nfvf BJfi)17 words
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INTERNATIONAL STOCKS
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343 1985-12-21 8 UPI NEXT YEAR will be a difficult time for the US car industry as 26 domestic and foreign companies fight for a piece of the projected 14.9-million vehicle market, Chrysler Corp chairman Lee A lacocca said. Chrysler, which celebrated its 60th yearUPI - 343 words
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162 1985-12-21 8 Reuter BRITAIN'S only helicopter maker, Westland, on Thursday won the backing of Prime Minister Margaret Thatcher for its right to accept a US-led rescue offer instead of a rival European bid backed by her defence minister. "The future of Westland is a matter forReuter - 162 words
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313 1985-12-21 8 WALL STREET stock prices closed higher in moderate trading on Thursday, with the Dow Jones Industrial Average rising 1.49 points to 1,543.92. The New York Stock Exchange Composite Index rose 0.07 point to 120.75 and the S&P 500 Index rose 0.21 point to 210.02.313 words
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Article102 1985-12-21 8 DCC 19 Abittx C» 17 Hud Bay Imp Oil Inco 6* 51* 18 43 unch 40*1 19* 20* Kerr Add 15* 23* 34* 2* 14* 24 41 19* unch 30* Moore Cp 16* •12* 36* 43* 16* 18* 4* Coring O'Keete 13* 32* Cmb) Rd Lk 31 Cn Bttvt102 words
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Article197 1985-12-21 8 DEC 19 Rand Umsec Wootworth 620 1250 unch unch INDUSTRIALS MININGS A A|pho 950 183 unch Anglos 3875 15 AE And a 915 455 unch Byyoors 1650 35 125 aaSTT. 3425 unch Butt ah 1345 45 C G Smith CNA 2425 1806 25 Cons March 1225 1570 unch 30197 words
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Article639 1985-12-21 8 DCC 19 US$ AJcon Alunan Alcoo Lud Aked Own Cp Afced Stores AKs-Chakners Am Brandt Inc Am Broodcasl Am Can Co Am Cyanarrvd Am Ehc Pwr Am Express Am Horn* Prod Am Moton Cp Am Natural Gat Am Tel Tat. Amox Inc Ameroda Hess AMF Inc Amr Corp639 words
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Article707 1985-12-21 8 Amsterdam OCC 19 Fb A8N 567 00 unch Aegon ***** +11 Ahold 78 60 +16 139 50 02 AMEV 83 50 +17 Amfm 104 80 -0 2 Boh Bonurrai Botkofa Bur Tet Cotond Calve D*t M, Efccvwr ***** +6 Fgh 5500 28 Fokkar 74 30 -0 4 *****707 words
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Page 8 Advertisements
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Advertisement466 1985-12-21 8 ir.P HUAHCPAIA isdlislif Lunch llam to 2 30pm daily Sundays and Public Holidavs Bam to 2 30pm p 'Si? iL i« v Wffitesideot uMetftoWoteJ 181. Kitchener RcMd. Singapore 08,'0 Tel *****7? a JL t PRE-CHRISTMAS DISCARVERY LUNCH All you can eat from a lavish buffet spread of soup, appetizers, salads,466 words
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Advertisement253 1985-12-21 8 London stocks, Pago 11 Cafe de Prince proudly presents. Vr < v I S k> > v a J ...the most delightful buffet luncheon spread in town CHsht sedap sh to*. superb, magnifique wunderbar' We ve run out of space to describe our buffet spread So good you II want253 words
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ASIAN STOCKS
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Article411 1985-12-21 9 HONGKONG: Share prices yesterday closed a shade weaker in thin and dull trading in the absence of fresh factors. Investors remained on the sidelines, reluctant to establish any new positions ahead of the Christmas holiday. News that Hang Seng Bank will take a majority stake in Wing On Bank,411 words
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Article271 1985-12-21 9 DEC 20 NT S Non Yo P* 04 30 40 +0 6 Pocitic Cons 1600 02 Pocrfic Elect All Wtrt Indus 2 35 -0 04 Wire 1325 +0 1 Asia Cement 24 00 +0 7 Poolung Paper 0 75 unch Cathay Cons 29 00 0.3 Sharp 14 80 +0271 words
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Article434 1985-12-21 9 TOKYO: Share prices yesterday fell sharply in active trading as investors sold off blue chips and took profits on domestic-oriented issues and bio-technologies. The market average dropped 103.94 to 13,011.09 after gaining 12.69 on Thursday. Turnover was 390 million shares against 350 million on Thursday. Brokers said expectations of434 words
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Article75 1985-12-21 9 DEC 20 Acoie Mining Anglo Phd P«M 0001 unch ***** unch unch -0 0006 unch Orient ol B Ph4e» B Picop B PLOT 0012 0 14 36 50 -0 001 tfich Podco B Poget Bosk Petroleum Benguet Coo B 0 0024 90 Son Miguel B Seofront 16 25 000675 words
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Article349 1985-12-21 9 SYDNEY: Australian sharemarkets ended barely steady yesterday in very dull trading with BHP's half-yearly result proving to be an anti-climax and gold stocks rising only slightly. The BHP half year result of A 5574.4 million was lower than the market had expected, but the one for five bonus issue349 words
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Article92 1985-12-21 9 DEC 20 Won Hyundai Const 1109 -10 Hyundoi Motor 1730 -31 Bonk Seoul 748 10 KAL 600 unch Choheung Bk 710 7 Korea First 765 70 Commercial Bk 760 14 Yukong 1750 Doelim Ind 595 4 Korea Ship 378 -3 Daewoo Corp 565 5 Lucky Ltd 765 5 Daewoo92 words
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Article165 1985-12-21 9 BANGKOK: Prices continued to decline on the Securities Exchange of Thailand. The SET index dropped 2.85 points to 133.21 in the five trading sessions from last Friday. Siam Cement, which lost 26 baht last week, fell 16 this week to close at 449. Siam City Cement fell 44 to165 words
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Article64 1985-12-21 9 UPI SONY CORP reported that its consolidated sales and income for the year ended last Oct 31 rose over a year ago, due mainly to brisk sales overseas, coupled with cost-saving efforts. Consolidated net income for the year increased 2.2 per cent over a year ago toUPI - 64 words
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405 1985-12-21 9 Reuter THE BROKEN HILL Pty Co Ltd, BHP, said its record profit for the half year to Nov 30 was largely the result of a large rise in petroleum earnings and gains from the depreciation of the Australian dollar. BHP earlier reported its firstReuter - 405 words
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154 1985-12-21 9 AFP CHINA has awarded a new contract area for offshore oil exploration and development in the South China Sea to two US oil companies, the New China News Agency (NCNA) reported. Phillips Petroleum International Corp Asia and Pecten Orient Company signedAFP - 154 words
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Article113 1985-12-21 9 AP THREE FOREIGN companies next month will sign productionsharing contracts with the stateowned Pertamina oil company for oil exploration in Indonesia. Sources at Pertamina said Diamond Shamrock of the US had agreed to explore hydrocarbon deposits over a 6,000 sq km area in the Arafuru seaAP - 113 words
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Article136 1985-12-21 9 UPI SPURRED BY brisk car sales overseas, Mazda Motor Corp reported increased revenue and net income for the year ended last Oct 31. Japan's No 3 car manufacturer said operating revenues rose 9.6 per cent over the previous year to 1,569.553 billion yen. Ordinary incomeUPI - 136 words
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Page 9 Advertisements
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Advertisement611 1985-12-21 9 3 p iT, jr» C «f 2L. m c%L..».. L JLs ,i. •V--m I* VSHBbkpS H ■K f Live it up: with Old Parr or Hennessy XO. From 1 st October to 31 st December 1985. just order an Old Parr or Hennessy XO.. or a cocktail with Smirnoff Vodka.611 words
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Advertisement150 1985-12-21 9 Life after five... 2v» 2 Live Binds Nightly! spm -1 am (Monday Friday Sunday) spm 2am (Sat eve of public holiday) WLM •c 8 MP HAPPY HOURS spm 7pm (Oiily) It's a real happy time! Just buy a drink and get the second FREE. FREE DIAN for all patrons q150 words
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Article, Illustration4310 1985-12-21 10 AFTER A SHARP plunge the previous day, the Singapore stockmarket recovered some lost ground and closed on a slightly steadier note yesterday. Although both the BT composite and ST Industrial Indices showed minor losses, this was due mainly to a sharp drop in4,310 words
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Article273 1985-12-21 10 SINGAPORE Rises Indicss A N IOOH 420 S t M 550 FAN 530 Iwhodi H 50< 200 Cwitw 50< 180 Cam Plant SO< 186 OU 8 240 OwH Do* 560 Hamsom Mho 278 Falls C C 236 Kromot 414 Mmo Aico 50« 150 S 1 A 432273 words
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Article3210 1985-12-21 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".3,210 words
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Article245 1985-12-21 10 EVERPEACE Cerperatien Berfcad: 19th AGM at 20th Floor, Wisma Supreme, Jalan Punchak ***** Kuala Lumpur today at 10.30 am. LAM GROUP Iivestmeats Limited: 3rd AGM at 4 Second Chin Bee Road, Jurong, Singapore 2261 on Monday, Dec 23, at 11 am. MALAYA GLAS8 Factory Berfcad: 24th AGM at245 words
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Page 10 Advertisements
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Advertisement11 1985-12-21 10 KL market report, Business done on the KLBE See pegs u11 words
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COMPANY NEWS
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Article, Illustration397 1985-12-21 11 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI KEPPEL SHIPYARD LTD has clinched another big tanker conversion job from a consortium of Chinese and international offshore oil exploring companies. Keppel, with the aid of commission agents China Sea Oil Engineering Ltd, was recently awarded a US$B.3 million (5517.5 million) contract397 words
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455 1985-12-21 11 SOME LAST-MINUTE bargain hunting at the Kuala Lumpur stock market yesterday helped share prices close above their day's lows. A handful of counters managed to put on small gains in fairly active trading. Investors had unloaded their holdings from the opening bell455 words
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Article843 1985-12-21 11 THE MARKET opened mixed yesterday but with an easier bias, with seasonal influences and the end of the account making for low volume. At 11.00 am, the FTSE 100 Index was 3.00 points down at 1,387.7 and the FT 30 was down 3.7 points at 1,111.2. ICI was843 words
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Article301 1985-12-21 11 HEFTY INTEREST expenses have eaten into the earnings of Pelangi Bhd whose group pretax profits plunged 67 per cent to only M|7.5 million in the first half ended Sep 30, 1965. Pelangi, a member of the Kuok brothers' group of companies, said substantial bank borrowings301 words
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Article106 1985-12-21 11 FEDERAL CABLES, Wires Metal Maaafactariag BM has announced that its financial year has been changed from Dec 31 to June 30. Consequently, the company disclosed that its financial accounts would be prepared for a period of 18 months from Jan 1, 1985.to June 30, 1986. THE AUTHORISED and106 words
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420 1985-12-21 11 EXTRAORDINARY LOSSES of M 55.73 million arising from a bad loan and the writing-off of an investment have tarnished Perils Plantations's otherwise commendable profit performance in the year ended September. Although the flagship company of sugar king Robert Kuok Hock Nien managed to420 words
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Article3237 1985-12-21 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. MDUS TRIALS A Choc (2 50S) AMD (4 OOS) Alcorn3,237 words
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Article219 1985-12-21 11 Managers' prices for Dec 21 23 Singapore Unit Trust The Commerce 1.12 1.19 The Savings Fund 0 89 0 94 S'pore Prog Fund 0 46 0 49 S'pore Sec Fund 0.71 0 75 S'pore Invest Fund 0.59 0 63 S'pore Equity Fund 0 49 0 52* Asia Unit219 words
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Article104 1985-12-21 11 HONGKONG Thursday 1456.1 Hang Seng Index Week ago 1450.1 Fridoy 1720 16 Thursday 1726 05 Week ago 1735 58 NEW YORK Dow Jones TOKYO Thursday 1543.92 Wednesday 1542 43 Nikkei Average Friday ***** 09 Week ago 1511.24 Standard Poors Thursday *****.03 Week ago ******.98 Thursday 210.02 Wednesday *****104 words
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Page 11 Advertisements
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Advertisement330 1985-12-21 11 NOTICES THE COMPANIES ACT. CHAPTER 185 Section 254(2) NOTICE OF RESOLUTION JOHNSON MATTHEY COMMODITIES SINGAPORE PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Johnson Mat they Commodities Singapore Pte Ltd d'lly convened and held at 101 Cecil Street #11-01, Tong Eng Building. Singapore 0106 on the330 words
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Advertisement331 1985-12-21 11 IN THE MATTES OP THE COMPANIES ACT, CHAPTER 1M AND IN THE MATTES OP OXPA PTE. LTD. (IN MEM3EBB' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of O.C.P.S. Pte. Ltd., duly convened and held at 585 North Bridge Road #08-08, Blanco Court, Singapore 0718, on Wednesday, the331 words
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Article, Illustration595 1985-12-21 12 SOH TIANG KENG - By SOH TIANG KENG, Financial Correspondent MORE US investments could flow to Singapore if sweeping American tax reforms are passed by the US Congress and President Ronald Reagan. This was predicted yesterday by a US tax specialist, Mr Robert Hanson, who said595 words
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Article, Illustration405 1985-12-21 12 PLANS TO SET UP an investment company in Singapore are being considered by officials in. Xiamen, one of China's four special economic zones. The zones' enthusiasm for closer ties was disclosed by its mayor, Mr Zhou Er-jun, who recently told the chairman of the United Overseas405 words
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Article97 1985-12-21 12 Reuter SENATOR EDWARD Kennedy has shocked both major political parties, saddened supporters and boosted the presidential ambitions of fellow Democrats by his early decision to withdraw from the 1988 presidential race. The last of three Kennedy brothers to have aimed at the White House saidReuter - 97 words
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157 1985-12-21 12 AP DENTSU, the world's largest advertising firm, has signed a contract aimed at making US major league baseball more popular in Japan. Baseball is a national pastime in Japan too, but Japanese fans concentrate their attention on Japan's own pennant race. Under a three-yearAP - 157 words
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Article, Illustration54 1985-12-21 12 A POLICE OFFICER keeping an eye on the white Phantom V Rolls-Royce once owned by John Lennon, parked outside Christie's the auctioneers in London on Thursday. At an auction on Thursday night in aid of the Samaritans, bidding reached £22,000 for the car but did54 words
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291 1985-12-21 12 AP TWO FOREIGN COMPANIES that have been involved since October in a hostile takeover bid for Minebea Co Ltd took another step yesterday to make themselves the largest single shareholder in the Japanese ball-bearing company. Trafalgar Holdings Ltd of Los AngelesAP - 291 words
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149 1985-12-21 12 Reuter THE US SECURITIES and Exchange Commission has charged the chairman of Compucare Inc with participating in an insider trading scheme in the company's shares just before Compucare announced that it was being acquired by Baxter Travenol Laboratories Inc earlier this year. The commission,Reuter - 149 words
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Article63 1985-12-21 12 Reuter HONGKONG'S smaller banks are expected to show a growing trend towards mergers and partnerships with larger institutions. Financial Secretary John Bremridge said. "Some of the smaller banks are finding the going tough," he said without naming the institutions. He also declined to say ifReuter - 63 words
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169 1985-12-21 12 Reuter THE EUROPEAN Commission has fined West Germany's Siemens company and its Japanese suppliers US$B4O,OOO for monopolising the European machine tool control market. An official said on Thursday that agreements drawn up in 1975 by Siemens and the Faniic Company of JapanReuter - 169 words
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Article139 1985-12-21 12 Reuter FOR THREE HOURS today, millions of Spaniards will be kept on tenterhooks as they pray for a share of the US$4OO million national Christmas lottery draw the biggest in the world. The country virtually grinds to a halt as people crowd round television setsReuter - 139 words
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Article114 1985-12-21 12 COMEX GOLD futures gained more than US$2 on scattered buying by US and foreign dealers yesterday morning following a weak dollar. Gold for delivery in February rose $2.20 at $329.40 but was unable to break through Thursday's high of $330.80. Analysts said local traders were early114 words
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Article61 1985-12-21 12 Reuter BLUE CHIP stocks in the US yesterday moved sharply higher in early trading. Some observers expected heavy trading and there were wide price swings. The Dow Jones industrial average was up eight points to 1552. Advances had a narrow lead over declines on a turnover ofReuter - 61 words
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LATE FILE
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Article49 1985-12-21 12 Reuter THE GOOD NEWS newspaper, a monthly publication distributed free in the Midlands town of Heanor, which prints only items calculated to put a smile on the faces of its readers has published its first bad news it's closing down due to rising costs.Reuter - 49 words
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Article42 1985-12-21 12 Bernama THE MALAYSIAN government has drawn up an industrial master plan to expedite the growth of the manufacturing sector to maintain rapid economic development of the country, Deputy Prime Minister Datuk Musa Hitam said yesterday. BeraamaBernama - 42 words
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36 1985-12-21 12 AFP THE PHILIPPINE government yesterday granted a major opposition demand by allowing Corazon Aquino's United Nationalist Democratic Organisation to have its own poll watchers in the Feb 7 election. AFPAFP - 36 words
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Article39 1985-12-21 12 Reuter MEMBERS of India's parliament yesterday took Just 10 minutes to vote (or a 33 per cent pay rise which will bring them in line with wages paid to junior office workers. ReuterReuter - 39 words
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Article41 1985-12-21 12 Bernama FORMER MCA acting deputy president Datuk Mak Hon Kam has made a verbal acceptance of the offer of a seat in the party's central committee, MCA deputy president .Datuk Dr Ling Liong Sik said. BernamaBernama - 41 words
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46 1985-12-21 12 Reuter TAIWAN'S Cabinet has approved a proposal to remove gold and silver from foreign exchange control. Vice Finance Minister Ronald Ho said the ministry will regard gold and silver as commodities and not part of foreign reserves. ReuterReuter - 46 words
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Page 12 Advertisements
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Advertisement18 1985-12-21 12 SINGAPORE ness MC(P) 11/12/84 $4 VOL9 NO. 12 DECEMBER 15, 1985 MONTHLY iitm mmmm IRekindlingl the spirit of18 words
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Page 12 Miscellaneous
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Miscellaneous55 1985-12-21 12 mmsm Outlook for today. Showers over severol areas from mid-afternoon to early evening. Report for 24 hours prior to 7.30pm on Dec 20 at the airport Maximum temperature 31.1 Associated humidity 69 Minimum temperature 23.5 Associated humidity 96 Hours of sunshine 7.20 Rainfall in millimetres 48.5 Rainfall this month 284.255 words
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