The Business Times, 18 January 1986
1986-01-18
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The Business Times
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Title Section12 1986-01-18 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, JANUARY 18, 1586 75 CENTS12 words
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333 1986-01-18 1 Bernama, AFP DR MAHATHIR Mohamad emphasised yesterday that the final report of the committee of inquiry into the Bumiputra Malaysia Finance (BMF) loan scandal will only be made public when the government is satisfied that it is reasonably safe to do so. "The governmentBernama,; AFP - 333 words
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Article89 1986-01-18 1 AP THE MALAYSIAN government plans to help build some of 420,000 houses planned under the fifth development plan from 1986 to 1990. Deputy Housing and Local Government Minister S Subramaniam told the Malaysian Business Times yesterday that the government would build 149,000 or 35.5AP - 89 words
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393 1986-01-18 1 CHUANG PECK MING - By CHUANG PECK MING A BIG DRIVE to boost Singapore's service industries is being planned by the Economic Development Board, a member of the Economic Committee said yesterday. The proposed introduction of incentives reflected rising international demand for services, which a report to393 words
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Article344 1986-01-18 1 LISA LEE - Property giant suspends 13th month pay and car allowances for staff By LISA LEE BONUSES TO employees and motor car expenses have been suspended by property giant Far East Organisation, which has been hit by the glut in the property market and the contraction in344 words
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Article387 1986-01-18 1 Reuter, AFP CHINA HAS REPLACED nearly all the top managers of 3,000 key state companies as part of a major shake-up to replace ageing cadres with younger, better-edu-cated and more competent people. The China Daily in Beijing said yesterday that 90 per cent of those holdingReuter,; AFP - 387 words
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Article111 1986-01-18 1 US ASSISTANT Trade Representative Charles Blum said he was optimistic the US and its big trading partners would work out a unified position for world trade talks set for Geneva next autumn. Mr Blum made the comment as ministers from the US, the European Community,111 words
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221 1986-01-18 1 NON-BARGAIN ABLE and confidential staff of Straits Steamship will have their wages frozen this year. Bargainable workers, however, are more fortunate. Although they will have half of their annual increments frozen this year, they may still receive the other half, depending on the group's221 words
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Article, Illustration94 1986-01-18 1 SHARE PRICES closed slightly easier yesterday for the seventh straight trading day. The day's turnover rase marginally ts 8.5 million units worth $14.98 million from Thursday's 7.92 million shares valued at $13.34 million. TYe Straits Times Industrial Index fell 5.29 points to 114.35, extending Its loss In the94 words
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423 1986-01-18 1 Agencies JAPANESE and Soviet diplomats bargained late into the night yesterday amid signs that their first high-level talks in eight years might produce a compromise on Japan's 41-year-old demand for the return of a Soviet-held island group. Even slight progressAgencies - 423 words
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233 1986-01-18 1 PRIME MINISTER Lee Kuan Yew met Burmese Vice-Presi-dent Mr Aye Ko for about an hour yesterday morning at the Pyithu Hluttaw Credentials Hall. While discussions were going on between Mr Lee and Mr Aye Ko, Mr Ne Win, the chairman of the Burmese233 words
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Page 1 Advertisements
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Advertisement217 1986-01-18 1 ELECTRONICS B6 S E Asia s 6th International Exhibition of Electronic Components Assemblies System Packaging and Production Technology 21 25 October 1986 World Trade Centre. Singapore OINTERFAMA EXHIBITIONS PTE LTD P.itkw.n Butkh-ts Cfn»«? ='0 Q3 Ob 1 M < MineP<**d*Cwl'al Smy<»p>'i>T US INf AVA /yixzinu ALL STAR POLARIS For woods217 words
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Advertisement251 1986-01-18 1 ?->@_=/-=!!~{{^\?{|([$^|.!{!$_? SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS SHIPS IN PORT CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW CHILDREN ARE CLEVER. They are also inventive. One young American has devised a system whereby his bed-ridden grandmother can throw dorts and retrieve them with strings ottached. Solar-powered pet collars and251 words
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Advertisement198 1986-01-18 1 Full report. Page 10 Intl stocks, Page 8 Asian stocks, Page 9 veW^iGHT'S lt> !l* pug rHOS n\<> J i 4 pi SOTHEBY'S World Guide to Antiques and their Prices the first of an annual series designed to illustrate the wealth of decorative works of art available at auction and198 words
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HOME NEWS
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Article370 1986-01-18 2 MARTIN SOONG - By MARTIN SOONG SINGAPORE'S aerospace industry grew by between 8 and 10 per cent last year according to preliminary surveys. Disclosing these figures yesterday, Mr Phua Bah Lee, Senior Parliamentary Secretary (Defence), said they reflected growing investor confidence in Singapore. Total industry output in 1984 was370 words
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Article, Illustration462 1986-01-18 2 CYCLE CARRIAGE is confident of returning to profit and regaining its lead in the car market with a new range of luxury cars from Mercedes Benz. At the launch of the Mercedes W124 series yesterday, C&C managing director, Chua Tian Hee, said462 words
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256 1986-01-18 2 BILATERAL relations between Norway and Singapore are warm and friendly, said Acting Prime Minister Goh Chok Tong, last night. In the past 10 years, trade between Singapore and Norway had more than doubled, Mr Goh said at a state dinner at the Is256 words
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221 1986-01-18 2 IF SINGAPORE is serious about becoming a service centre, it should consider the "tremendous potential" office ergonomics offers as a profitable business, says an International Labour Organisation (ILO) official. Dr Toni Ivergaard, an ILO Swedish expert on ergonomics/human factors, believes that ergonomics,221 words
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89 1986-01-18 2 A DIRECTORY of contractors registered with the Construction Industry Development Board will be available on Monday. The CIDB will publish the 360-page directory listing the registration status of 2,000 construction companies and building material suppliers. The directory, costing $10 each, is divided into three89 words
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Article258 1986-01-18 2 SINGAPORE COULD play a major role in coordinating Asean's first satellite launch, according to a Chinese delegation to the Asian Aerospace '86 exhibition. Speaking at a press conference at Cockpit Hotel yesterday, a senior delegate proposed a joint-venture satellite launch between Asean and China, suggesting Indonesia258 words
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116 1986-01-18 2 THE FIRST Brazilian-made Embraer EMB-110 Bandeirante aircraft to be sold in Asia was handed over to its new owner, Bangkok Airways, at the Asian Aerospace show last Thursday. It was received by Dr Prasert Prasattong Osoth, chair- man of Bangkok Airways. The sale was116 words
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Article, Illustration168 1986-01-18 2 THOSE WHO STARTED the year of the ox with a gilded Risis ox may want to usher in the Lunar New Year with a golden tiger. Risis Pte Ltd may eventually produce an entire collection of all the 12 animals of the Chinese almanac, said a168 words
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439 1986-01-18 2 A PILOT STUDY to gather research on "Asian measurements" may be the start of Singapore's foray into ergonomics for profit. Ergonomics is the science of adapting technology such as computer systems and office furniture to help man work better in the office. The439 words
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Article1150 1986-01-18 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Alrazi Barber Nora Gretke O'dorf Koheng Kota Segar Mokmur Woheng Anxi Jenhol George Handke Straits Hope Kota Segar Ned Bangkok Shoun P'stor Cottbus Gold Leaf K11 K09 K17 K32 K29 K25W K19 K34 K22 K28 K24E K321,150 words
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OVERSEAS
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Article, Illustration263 1986-01-18 3 AP US ARMS negotiators were studying yesterday a new Soviet nuclear weapons reduction plan that President Reagan cautiously welcomed. The two sides resumed negotiations on Thursday on limiting nuclear and space weapons. A day earlier, Soviet leader Mikhail Gorbachev proposed a plan to ridAP - 263 words
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Article187 1986-01-18 3 Reuter SOVIET MISSILES based in Asia would not be affected by Kremlin chief Mikhail Gorbachev's proposal to banish US and Russian medium-range rockets from Europe within eight years, a Soviet diplomat said. Vladislav Terekhov, charge d'affaires at the Soviet Embassy in Bonn, said Moscow would scrap itsReuter - 187 words
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Article852 1986-01-18 3 ARRIVALS Operator Service Local From number time OA OA471 0030 ATH SIA SQ11 0125 LAX/TYO CAL CI333 0130 TPE PAA PA2I/5 0155 LAX/TYO/HKG SJA SQ41 0615 MAA MK MK746 0755 MRU MAS MH681 0820 KUL cv CV796 0845 LUX/DXB KAL KE624 0850 KUL MAS MH603 0905 KUL852 words
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195 1986-01-18 3 Reuter A DRAMATIC SURGE in the price of gold on international markets has given an urgently needed boost to South Africa's ailing economy, pushing share prices to record levels. Bullion, the country's major foreign currency earner, climbed from about US$35O toReuter - 195 words
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Article689 1986-01-18 3 DESPERATE BUYING by speculators and dealers drove the gold price from US$34B to a peak of $377 before it tumbled back to $358 in Europe on Thursday. Gold surged to its highest level in 20 months because a mystery buyer is squeezing panic-stricken bears. London,689 words
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196 1986-01-18 3 Reuter BERYL SPRINKEL, chairman of the US President's Council of Economic Advisers, has said that spending cuts mandated by the Gramm-Rudman law will not destabilise the economy nor result in money supply policy changes. Sprinkel told the Cato Institute, a policy think tank,Reuter - 196 words
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Article50 1986-01-18 3 Reuter A WEST GERMAN court on Thursday found Wolfgang Stryj and Hans-Hermann Muenchmeyer, two former partners of Schroeder, Muenchmeyer Und Hengst (SMH), and an employee guilty of fraud in the first of two trials arising from the country's second biggest bank failure in 1983. ReuterReuter - 50 words
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545 1986-01-18 3 Lawson underlines merit of anti-inflationary policies Reuter, FT FINANCE MINISTERS of the Group of Five (G-5) meeting in London today are aware of the need to maintain sound, anti-in-flationary policies. British Chancellor of the Exchequer Nigel Lawson told Parliament yesterday that anti-inflationary policies wereReuter,; FT - 545 words
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Article, Illustration515 1986-01-18 3 NYT THE BRITISH Foreign Secretary, Sir Geoffrey Howe, told a high-ranking American official on Thursday that Britain would continue to urge European allies to isolate Libya diplomatically and militarily. London was the second stop in a nine-nation tour in which Deputy Secretary of State JohnNYT - 515 words
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511 1986-01-18 4 10,000 non-Chinese in Hongkong will not get full citizenship UPI THE BRITISH GOVERNMENT has reaffirmed its position that it will not extend full citizenship to about 10,000 non-Chinese residents of Hongkong when the colony reverts to China in 1997. David Waddington, the HomeUPI - 511 words
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Article, Illustration384 1986-01-18 4 Reuter EUROPEAN COMMISSION president Jacques Delors will fly to Tokyo on Monday with a clear message Japan must take concrete steps to boost its imports or risk restrictions on its exports to the European Community. His firstReuter - 384 words
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305 1986-01-18 4 AP FREDRICK CHIEN, Taiwan's chief diplomat in the US, has said that a recent increase in Soviet military activity near Taiwan could help influence American arms sales to the nationalist Chinese government in Taipei. Mr Chien, who returned to Taiwan last month for consultations,AP - 305 words
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133 1986-01-18 4 Reuter THE POLITICAL relationship between China and the Soviet Union has not fundamentally improved in spite of the many economic and trade exchanges, China's Foreign Minister Wu Xueqian said yesterday. The New China News Agency reported Mr Wu as saying inReuter - 133 words
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Article327 1986-01-18 4 Reuter NEW ZEALAND police said yesterday that they were completing documentation for the possible extradition of three French secret service agents in spite of admitting there was virtually no prospect of the men standing trial. The three men are all wanted for their part inReuter - 327 words
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290 1986-01-18 4 AFP CHINA'S southwestern autonomous region of Tibet is seeking foreign investors in Hongkong with offers of special terms and promises of a new regional airline. Renqian Quzhen, a member of a 28-strong delegation which brought Tibet's first economic and trade exhibition toAFP - 290 words
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Page 3 Advertisements
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Advertisement159 1986-01-18 3 i /1 <//. Seafood Restaurant goes fastfood-style at Scotts Picnic Food Court Exotic seafood dishes and tasty local favourites A!l yours to choose From the only restaurant with service and private sitting area Or self-serve and eat in the Fooa Court At such low fastfood prices every shopper can afford159 words
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Page 3 Miscellaneous
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Miscellaneous52 1986-01-18 3 Doonesbury m if v s» HSXFLAMBR! (MNTTO6O 10 W SISTER-IN-LAWS AFJ OPENING 7 QOSH.. SURE! TP BE HONOfZP' I SSir m V M BY GARRY TRUDEAU UJOULD YOU B6 UH..SURS UJ/LUN6 TOU/EAR 16UESS yOUR NEW SAILOR SO. SWT* ANPPV SOMEWRAPE PRJUS? \fA m m ft (j I «!C if iv52 words
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RAW MATERIALS
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Article146 1986-01-18 4 Chinese Produce Exchange Sellers' noon closing prices on Jon 17 (SS/100 kg) Coconut oil Bulk FOB 70 00 Old drum FOB 8300 New drum FOB 87 00 Copro Mixed (loose) 35 buyers Pepper Muntok White FOB NLW 1435 Sorawak White FOB faq NLW 1425 Sarawak special black FOB146 words
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Article14 1986-01-18 4 "jL KL TIN Closing prices on Jan 17 (M$/kg) Pr,ce Turnover (tonnes) Suspended Suspended14 words
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Article189 1986-01-18 4 Bangkok (US$/tonne, FOB) White Rice 100% 1st class 280 100% 2nd class 255 100% 3rd class 250 5% 240 10% 235 15% 230 20% 225 25% 215 35% 210 Broken Rice A -1 Super 155 A-1 Special 152 C-1 Special unq C I Ord unq Loonzain Rice 100% 1st189 words
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Article293 1986-01-18 4 SINGAPORE The market closed higher yesterday with February One RSS buyers quoted at 159.50 cents per kg, up 1.50 cents from Thursday. The morning session gained 2.50 cents on buying interest and short-covering in fairly active trading. Prices fluctuated uncertainly in moderate afternoon trading on bouts of buying support293 words
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Article339 1986-01-18 4 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 159 50 160 SON 159 00 160 OON lot 1 RSS Feb 86 160 50 161 00 159 50 160 50 Int 1 RSS Mor 86 163 25 163339 words
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Article108 1986-01-18 4 (cents/kg, 1-ton pallets) MAR 86 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 155 00 157 OON 155 50 157 SON SSR 50 153 00 155 OON 153 50 155 SON MRELB Buyers Sellers Buyers Sellers SMR CV 221 00 223 00N108 words
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Article194 1986-01-18 4 MALAYSIAN crude palm oil prices were weaker at yesterday's close on further selling in spite of Pakistan's RBD palm oil purchase on Thursday night, as levels were pressured by continued easiness in Chicago soyoil futures. India's decision to pass on its weekly vegetable oil import tender on Thursday194 words
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Article217 1986-01-18 4 WHEAT FUTURES closed mixed on the Chicago Board of Trade on Thursday, although nearby March finished 3 3/ 4 cents a bushel higher. March ended near the top of a s^«-cent range. The higher close in March, with other months relatively flat, reflected late purchases by C D Commodities217 words
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Article233 1986-01-18 4 SOYBEAN FUTURES on the Chicago Board of Trade closed five to 1 1 2 US cents a bushel lower on Thursday, and March finished near the bottom of a seven-cent range. Traders were less inclined to believe recent rumours of Soviet soybean and soymeal purchases, as trade on European233 words
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Article785 1986-01-18 4 COFFEE A wave of commission house selling based on an easier New York spot position forced robusta futures sharply lower early Thursday afternoon, but trade buying at the lows pared losses. Futures ended the day around the middle of a maximum £170 traded range with losses from Wednesday785 words
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MONEY AND EXCHANGES
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Article658 1986-01-18 5 SINGAPORE The US dollar closed narrowly mixed yesterday against major currencies after moving within a small range in quiet and nervous trading, ahead of the G-5 ministers meeting in London this weekend. The dollar closed slightly lower at 2.4635/45 marks compared with New York's 2.4660/75 close and at658 words
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Article51 1986-01-18 5 RESULTS OF TENDER held on Jan 17 for 91-day Treasury bills to be issued from Jan 20 to Jan 24. Offered: $100,000,000. Applied for: $153,000,000. Allotted: $100,000,000. Accepted bids: $99.26 approximately 65 per cent; higher bids in full. Average rate of discount on allotment: 2.970 per cent per51 words
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Article111 1986-01-18 5 THE OVERNIGHT rate on the Singapore interbank money market rose by point from Thursday to end at s'/« per cent yesterday. The one, two and threemonth term rates fell by 1/16 point each. S$ Interbank rotes at 7pm yesterday: Offer Bid Overrwght 5 1/4 5 1/8 I -month111 words
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Article, Illustration358 1986-01-18 5 Asian market ASIAN DOLLAR deposit rates closed steady yesterday to slightly lower compared with Thursday's levels, in quiet and nervous trading ahead of the G-5 ministers meeting. Rates from one to six months closed at 8-3/16 8-1/16 per cent each, unchanged from the overnight levels while nine month at B>/4358 words
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Article251 1986-01-18 5 Interbank rates at 3pm yesterday: Currencies Nominal rate* Sir itheonian Bid Offer cr< mi parity change Local dollars to one unit of foreign currency: US dollar 2 1245 2 1255 ***** -24 65 Sterling pound 3 0539 ***** 7 3469 -58 43 Austrakon dollar 1 4829 1.4846 3251 words
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Article352 1986-01-18 5 BA Futures EURODOLLAR futures opened nervously yesterday due to uncertainty over this weekend's G-5 talks. The March contract opened six ticks higher than CME's Thursday close at 92.06 following post futures cash bond gains. However, the contract was quickly traded down to 92.02 before rebounding to 92.06 again. LiffeBA Futures - 352 words
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Article247 1986-01-18 5 HONGKONG: The metal closed firmer yesterday in hectic and nervous trading as buy orders continued to flood the market. Dealers said Western Asian investors remained the major buyers ahead of the G-5 finance minister meeting in London during the weekend, noting that speculation of a concerted interest rate cut247 words
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BANKING AND FINANCE
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201 1986-01-18 5 CHINA HAS ANNOUNCED new domestic banking regulations which Western diplomats said are aimed at improving banking standards and curbing malpractices. The People's Daily in Beijing said yesterday that the new regulations, issued by the State Council, forbid any unit or individual from ordering201 words
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Article78 1986-01-18 5 AP THE WORLD BANK plans to lend Malaysia US$3OO million this year for five development projects. Newspaper reports in Kuala Lumpur yesterday quoted bankers as saying that the bank will provide the money for rural wa- ter supply schemes, schools, and farm assistance. The MalaysianAP - 78 words
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108 1986-01-18 5 FT A SURGE in bond issues boosted borrowing on international capital markets to a record U*****.1 billion in 1985, a 32 per cent increase on the previous year's $197.1 billion. The figures by the Organisation for Economic Cooperation and Development, which exclude merger/relatedFT - 108 words
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466 1986-01-18 5 Reuter IN SPITE OF Thursday's news of very low discount window borrowings, economists said there is no indication the Federal Reserve is preparing to drop US interest rates. The Fed said net borrowings averaged US$l3O million in the week to Wednesday andReuter - 466 words
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168 1986-01-18 5 AFP LLOYD'S, the international insurance giant, has come under attack from US consumer rights crusader, Ralph Nader, for playing what he calls a "funny money game" in the American insurance market. At a press conference with the president of the US-based National InsuranceAFP - 168 words
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380 1986-01-18 5 FT ITALY HAS INTRODUCED a package of temporary measures aimed at reversing speculation on foreign exchange markets against the lira. The package includes strict limits on bank credit for the first six months of this year, a requirement on exporters to deposit in advance 75FT - 380 words
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113 1986-01-18 5 AP THE Nippon Credit Bank Ltd and the Sumitomo Trust Banking Co Ltd of Japan have been granted banking licences to operate in Hongkong, the Hongkong government announced yesterday. The Nippon Credit Bank has been a long-term credit bank since 1957 and anAP - 113 words
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400 1986-01-18 5 AP THE WORLD BANK, which provides the biggest source of aid to poor countries, more than doubled its lending for the last six months of 1965. The target for the year ending June 30 is US$l2 to $13.5 billion, Mr Moeen AAP - 400 words
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491 1986-01-18 5 UPI HOLDERS OF OLD, low-yield-ing corporate bonds should consider selling the securities and investing the proceeds in newer issues, according to a tax adviser who says such a strategy will increase investors cash flow and provide tax deductions.UPI - 491 words
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305 1986-01-18 5 JAPANESE insurance firms have relaxed self-imposed limits on buying so-called sushi bonds, the Eurodollar straight issues by Japanese borrowers for Japanese investors, portfolio managers said. However, they said the move is unlikely to trigger heavy buying because of low coupons and high foreign305 words
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TIME-OFF
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Article479 1986-01-18 6 CHILDREN are tremendously clever. They take to chips (the electronic kind) technology which leaves the oldies in the family utterly lost. Who has not in the Christmas or New Year spending splurge provided the home computer while uncles and aunts chipped in with video games for479 words
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Article, Illustration677 1986-01-18 6 BYRON JOYNER - Pinetree Club manager wants to beef up its recreational facilities By BYRON JOYNER SINGAPORE'S Pinetree Club is trying to repair its very exclusive image which was dented by a membership scandal several years ago when the club was known as the City Country Club. Not only does677 words
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Article949 1986-01-18 6 What's on from Jan 18-24 EXHIBITIONS: 81 Patrick'* Arts Centra first public exhibition. Goethe Institut Art Gallery. 12-6pm, Mondays Saturdays, free. The exhibition covers the work in progress of the students in the fields of painting, sculpture, ceramics, printmaking, graphic and interior design. Chinasa Brush Paintings by the students949 words
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Article226 1986-01-18 6 A FITNESS FREAK wrote this little "prayer" which was published in the December issue of a health club newsletter: The Lord is my Shepherd; I shall not want. He maketh me to lie down and do push ups He giveth me wholemeal bread He restoreth my226 words
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Article, Illustration118 1986-01-18 6 EXPLORE» fascinating world of natural, rare, precious stones at the Bare Stone Museum In Sentosa this weekend. A collection of stones, amassed over five generations since the 1851s, is being displayed for the first time In Singapore. The stones are primarily from China, collected by118 words
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Page 6 Miscellaneous
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Miscellaneous764 1986-01-18 6 mmmm Ban ■ST! m- a S"S "VPS STTS CRYPTIC PUZZLE ACROSS 9 Somebody got through, child, a long time afterwards (9) 10 Are involved with tennis seriously (2, 7) 12 Leave out of the article (4) 13 Aim to hurl the spear and catch one with it (6) 14 A764 words
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SPORTS
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Article, Illustration617 1986-01-18 7 UPI LESTER PIGGOTT stands only 1.72 m, but for over 20 years his rather large shadow has loomed ominously over the multi-billion dollar international horse racing circuit. The 50-year-old Englishman has won more English classic horse races than any Jockey in history. HeUPI - 617 words
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Article, Illustration492 1986-01-18 7 AP West German "wunderkind" Boris Becker defeated Sweden's Mats Wilander and Ecuador's Andres Gomez, a last-minute replacement for Jimmy Connors, swept past Johan Kriek on Thursday night to move into the semi-finals of the US$5OO,OOO Nabisco Masters Tennis Championships. Becker, who burst into prominence last JulyAP - 492 words
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629 1986-01-18 7 AP THE SUPER BOWL, the championship of American football, is one of the country's most popular sports spectacles. Fans across the country catch the Super Bowl fever each year, and at least 70,000 of them will spend US$lOO million or more when they comeAP - 629 words
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577 1986-01-18 7 BRIAN MILLER - By BRIAN MILLER FOR SHEER unpredictability, there's nothing to beat a field of Class 6 runners and this is probably why punters have, in the past, tried to steer clear of these races. Today in Ipoh, four events have been577 words
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Article, Illustration428 1986-01-18 7 AP CRAIG STADLER shot a 7-un-der-par 65 that lifted him into a tie for the second-round lead on Thursday of the US$6OO,OOO Bob Hope Chrysler Classic. Stadler of the US, who scored his first professional victory in this five-day, 90-hole tournament in 1900, completedAP - 428 words
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364 1986-01-18 7 WALTON MORAIS - By WALTON MORAIS THE FAVOURITES list would otherwise have read: Peter Ken-yon-Muir, Teo Lip Moh, Charles Lim and Ting Sa Tee. Not necessarily in that order, but a configuration of this sort. Instead they're saying down at Tanah Merah that tomorrow Albert364 words
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Page 7 Miscellaneous
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Miscellaneous1060 1986-01-18 7 to (md mm SATURDAY NIGHT MOVIE California Qirla 11.25 pm, Channal 5 The marvellous part of this movie is how they could turn a two-and-a-half minute song into a 90 minute movie. But, it should be good for a few laughs, watching Nathan Bowzer's (Robby Benson) dream of meeting his1,060 words
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Miscellaneous8 1986-01-18 7 SLRVCS p> Lovei-V r «rn£ IGRGAT. Horex. y8 words
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INTERNATIONAL STOCKS
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360 1986-01-18 8 Reuter WALT DISNEY seems to be recovering its touch, with the company reporting the best quarterly earnings in its history. For years, the company that charmed the world with such creations as Mickey Mouse, Donald Duck and Bambi, created wonder with everything itReuter - 360 words
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Article141 1986-01-18 8 Reuter R H MACY Co, the parent company of Macy's, the world's largest department store, announced that It has agreed to a US$3.5 billion buyout by its own executives. The deal is designed to make the company safe from takeover after the success of itsReuter - 141 words
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326 1986-01-18 8 WALL STREET stock prices closed higher in active trading on Thursday. The Dow Jones Industrial Average gained 14.34 points to 1,541.63 while the New York Stock Exchange Composite Index rose 0.50 to 120.62. The price of an average share increased 15 cents. Advances326 words
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Article177 1986-01-18 8 JAN 16 Abrtte Ale on C$ I5%B 43% 20 Imp 04 Inco Int Pro* P*>e Int Uts Kerr Add 50% 20 42 W 20% 17% unci Argoen HkJgs Bonk Mont 33% -f Loblaw B Mossey Ferg 22% 3 unci Bonk Nova Scofto B«« Conodo 13** 39 '4 Mc Btodel177 words
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Article215 1986-01-18 8 JAN 16 Rond lkyn.ee Wootworth 655 1300 5 25 INDUSTRIALS MININGS A Alpha 1020 225 -5 Anglos 4200 100 AE And CI 930 5 Anglvool ***** 100 Byyoor* 1700 20 Butt eh 8725 175 1485 -15 Charter 970 C G Smith ChlA 2550S 250 20 Com Gold Cons Murch215 words
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Article714 1986-01-18 8 JAN 16 USS Alcan Akjrcwi Alcoa Aiegheny Lud Afced Chem Cp Alted Stores Ahs-Cholmers Am Brands Inc Am Broodcost Am Can Co Am Cyonamd Am Elec Pwr Am Express Am Home Prod Am Motors Cp Am Natural Gas Am Tet Tel Amax Inc Amerodo Hess AMF Inc Amr714 words
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Article932 1986-01-18 8 Amsterdam JAN 16 R> ABN 602 00 7 5 Aegon 118 70 2 1 A hoW 86 50 2 Akio 161 30 42 AAAEV 94 00 02 Amtos Amo Bonk 117 60 29 B«rk«J 38 80 2 4 Bob Borwn 568 00 22 Boskals BAM Tet 146 50932 words
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Page 8 Advertisements
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Advertisement84 1986-01-18 8 8«£ iT, ffi r m>) 'V-k-PV *w. fegir-f* 3 if is /i«P ;.*f 3!**9A>? Baron's Table Sunday Brunch... you'll love it/ Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only 525.50 per adult84 words
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Advertisement166 1986-01-18 8 International Buffet Fashion Fare At: $10.50* ONLY A L& .v mm r > V FERN TREE CAFE The Fare: Besides a sumptuous intern.ition.il huffet, come and savour our air-flown oysters from New Zealand at 51.25" per piece. Daily from 11. Warn to 2. iOpni. The Fashion: A delicious romp into166 words
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Advertisement206 1986-01-18 8 W*77rt C 5k w i »V 4 ti t THC SWALIOWS Top band m Taiwan These 5 smgng sisters ha* just finisned 3 frmonth vngmg am m Japan Thewvaoous group corrtanes the* musical taiencs wXTi st*>eT> snowmansh*) to yve top class entertainment w«r> their charming <erx*tion <y EngioT Manoam Japanese206 words
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Advertisement99 1986-01-18 8 0 r k ce Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16 each and $20 each (mln. 2 persons). Over 50 a la carte specialities are also available FURAMA SINGAPORE HOTEL 10 Eu Tong Sen99 words
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Advertisement129 1986-01-18 8 v T LOI#IOB :rr rnvißiv'ATinv V—/ AND THE PERFECT COMBINATION GOOD Ml SIC AND GOOD WINE GOOD FRIENDS AND LAUGHTER YOU AND YOURS AT THE LOUNGE. ROSEMARIE. DAISY, MANUEUCA AND EMMANUEL. WITH TOP CHARTERS. OLDIES AND ROCK N ROLL. PIT EVERYTHING INTO PERFECT COMBINATION FOR A PERFECT NIGHT OIT CRown129 words
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ASIAN STOCKS
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Article460 1986-01-18 9 HONGKONG: STOCK PRICES closed higher yesterday as the Hang Seng Index climbed over the 1,800 level again after a day of uncertain trading. The index finished 9.64 points higher at 1,806.86. Utilities led the late advance as the sub-index surged 43.57 points to 2,408.45. China Light rose 30 cents460 words
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Article264 1986-01-18 9 JAN 17 NT Non Ya Plos 31 70 +0.3 Pocrfic Coos 19 00 01 All Were Indus 2 14 -0 06 Pocihc Elect CartKjy'c'om 30 00 0 2 Po<£ng Paper unch Chang Hwo Bonk 43 70 unch Shon> 15 20 Chen Loong 21 40 -0 1 Shihfcn Paper 25264 words
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Article81 1986-01-18 9 SYDNEY: Australian share markets closed at record levels in heavy trading following further rises in world gold prices and increased overseas interest. At the close, the All Ordinaries Index had risen 5.9 points to a record 1,066.7, the All Industrials Index 5.1 points to a record 1,560.5 and the All81 words
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Article516 1986-01-18 9 TOKYO: Share prices drifted lower in moderately light trading yesterday as hopes faded for an agreement by the Group of Five industrial nations this weekend to reduce interest rates jointly. The market average lost 17.43 yen to close at 13,009.70 after rising 98.53 on Thursday. Turnover was 260 million516 words
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Article73 1986-01-18 9 JAN 17 Acote Mmmg P«U) 0001 Morsteel Oriental B PMe« B Pic op B 1 0 013 unch 0 1550 unch Apex Mmma B Atlas Coo 0 001 12 50 0 0005 PLOT 1 5 Podco B 40 i 0001 Pog«i Son Miguel B 17 75 *0 75 10673 words
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Article154 1986-01-18 9 BANGKOK: Stock prices closed the week slightly lower in quiet trading as investors lacked confidence following news of the Cabinet reshuffle. The SET Index dropped 0.57 points on the week to 135.15. Sydney prices were unavailable JAN 17 iafcti Shkti Citizen 61 50 05 Aokhom Thoi Stom City As*o154 words
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Article97 1986-01-18 9 JAN 17 Won Hyundai Const 1042 -2 Hyundai Motor 1930 24 Bank Seoul 660 unch KAL 610 40 Choheung Bk 638 2 Korea First 700 18 Commercial Bk 671 -II Yukong Korea Shtp 1820 60 DoeUm Ind 506 ■4 367 1 Daewoo Corp 500 2 Lucky Ltd 728 897 words
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Article130 1986-01-18 9 AP THE US GOVERNMENT is asking Toyota Motor Corp to recall voluntarily 230,000 1982-83 Celicas because of defective front seat belt retractors, according to a report released by a car safety group. The Centre for Auto Safety said on Wednesday that the government's request wasAP - 130 words
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294 1986-01-18 9 Reuter RON BRIERLEY, a New Zealander with a reputation for audacious share market raids, has launched his biggest-ever bid with one of Australia's oldest mining companies as the target. Mr Brierley surprised the Australian corporate world with a USJI7O million offer for more shares inReuter - 294 words
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367 1986-01-18 9 Reuter NEARLY 100 lease financing companies opened for business in India in 1985 to take advantage of the country's capital market boom, bankers and stockbrokers said. The 200 lease financing companies now in operation are increasingly popular with companies which need cash quickly asReuter - 367 words
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Article215 1986-01-18 9 Reuter JAPANESE corporate bankruptcies fell 15.2 per cent in December to 1,559 from 1,838 a year earlier, marking the 12th consecutive monthly year-on-year fall. But bankruptcies were up 2.2 per cent from 1,525 in November, the Tokyo Commerce and Industry Research Co said yesterday. December debtsReuter - 215 words
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Article62 1986-01-18 9 AFP BOEING, West Germany's MBB and the Indonesian state company IPT-Nurtanio will jointly study whether to build an 85seat medium-haul airliner for the early *****, MBB said. They have signed a letter of intent and other European companies can append their signatures. MBB works withAFP - 62 words
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Page 9 Advertisements
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Advertisement637 1986-01-18 9 —7 < j -r. SgilllWl MPlJhili .N A'J! m v 7? f 1 M iiii'L" MI.. i j'jjifiiiL gfeW HHM I T 1 xft X )r.P (V/M/M PH m Conee House Level 5. Peninsula Hotel •a** 4 24 Hours of gourmet delights Daily Set Lunch (Local Western) Every Tuesday Thursday637 words
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Advertisement140 1986-01-18 9 Life after five... 2 Live Binds Nightly! spm 1 am (Monday Friday Sunday) spm 2am (Sat eve of public holiday) HAPPY HOURS spm 7pm (Daily) It's a real happy time! Just buy a drink and get the second FREE. FREE DIAN XIN patrons jWJ every nignt. Wflf7/I#l MOVXGK (CAIRNHILL HOTEL)140 words
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SHARE INFORMATION
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Article, Illustration4248 1986-01-18 10 INVESTORS and punters continued to desert the market yesterday in the face of bearish news on the Pan-El debacle and the worsening dispute between local and Malaysian stockbrokers. In addition, rumours that the BMF report had implicated some politicians stoke up fears4,248 words
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Article268 1986-01-18 10 SINGAPORE Rises Indices Msaoo FmtIK londmorfcs H 50< OUT Sorjoyo Corpn Motroptei 50« K L K*po»»s U 0il 135 178 190 106 102 182 no 80 160 15 10 5 5 5 4 4 4 3 Jon 16 ion 17 IT Composite 533 78 529 32 ■T268 words
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Article2968 1986-01-18 10 SECTION ONE INDUSTRIAL COMMERCIAL Acuta (0 638 0 6845) Alcom (0 506 0 51S) (1) 0 50 Allied Choc (I 968 1 975) (21) I 93 (10) 1 97 (2) 1 98 (20) I 97XD Amol Steel 50« (0 748 0 755) (I) 0 7542,968 words
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Article274 1986-01-18 10 <- Monogers' prices for Jon 18 20 Singapore Unit Trust The Commerce 0 95 101 The Sovmgs Fund 0 81 0 86 S'pore Prog Fund 0 39 0 42 S'pore Sec Fund 0 61 0 65 S'pore Invest Fund 0 50 0 53 S'pore Equity Fund 0 43274 words
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Article120 1986-01-18 10 HONGKONG Thursday 1555 4 Hong Seng Index Week ago 1538 1 Friday 1806 86 Thursday 1797 22 NEW YORK Week ago 1807 94 Dow Jones TOKYO Thursday 1541 63 Wednesday 1527 29 Nikkei Average Friday ***** 70 Week ogo 1518 23 Thursday ***** 13 Standard Poors Week ago120 words
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COMPANY NEWS
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Article, Illustration226 1986-01-18 11 HOCK LOCK SIEW - t?Hro By HOCK LOCK SIEW EVER SINCE the big plunge in early-July 1985, when United Industrial Corp made known its decision to raise $64 million through a one-for-two rights issue, this stock has been a laggard price performer. That has been both bad and226 words
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LATEST RESULTS
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Article100 1986-01-18 11 Pre-tax profits for the half year ended Oct 31, 1985, fell 40 per cent to M 51.57 million (from $2.62 million) in spite of a smaller drop in turnover to $11.38 million (from $13.72 million). Net earnings per share for the six months declined to100 words
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Article809 1986-01-18 11 SHARE PRICES were marked up at the outset yesterday but oil shares which initially eased in line with crude prices, later recovered some ground. At 11.50 am, the FTSE 100 Index was 2.6 points up at 1,397.1. Early business was quiet as dealers did not anticipate much interest,809 words
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483 1986-01-18 11 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN CREDITOR BANKS of beleaguered Pan-Electric Industries met yesterday to discuss the future of the company in the light of an updated financial report completed this week by Price Waterhouse, the court-appointed receivers and managers of PanEl. Price Waterhouse's second, detailed483 words
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247 1986-01-18 11 HOMER CHEN - By HOMER CHEN THE RECEIVERS of the PanElectric Industries group are trying to put together the jigsaw puzzle of the group's dealings with stockbroking firm, Associated Asian Securities. Pan-El's subsidiary, Orange Grove, is going to court to press its demand for AAS to provide247 words
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Article529 1986-01-18 11 Reuter THE Pacific Stock Exchange (PSE) is set to compete with the dominant New York Stock Exchange (NYSE). Its president, James Gallagher, said his goal is to increase the PSE's trading volume to seven to eight per cent of the NYSE's total in fiveReuter - 529 words
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187 1986-01-18 11 Reuter THE HONGKONG government has approved new rules that give the Commissioner for Securities expanded powers over stock trading and require timely disclosure of corporate information by public companies, the government gazette shows. The rules, which go into effect on Feb 1, giveReuter - 187 words
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Article309 1986-01-18 11 SHARE PRICES continued to decline across the board in generally quiet trading on the Kuala Lumpur stock market yesterday. However, some speculative stocks managed to buck the trend, closing higher in slightly more active trading than the rest. Mechmar Bestobell, which made its debut309 words
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Article2686 1986-01-18 11 BID and "offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified Industrials A Choc (2 208 2 355) Aisb (C 6782,686 words
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Article166 1986-01-18 11 CHEMICAL COMPANY sf Malaysia Berhad: 24th AGM on the Ground Floor of Bangunan MIDF, 195A Jalan Tun Razak, Kuala Lumpur on Tuesday, Jan 28, at 11.30 am. MALAYAN BREWERIES Limited: 52nd AGM at the OCBC Centre, 19th Storey, Singapore 0104 on Tuesday, Jan 28. at 11 am. BATH166 words
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319 1986-01-18 11 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI THE RATIONALISATION and clean-up operation at loss-riddei\ United Engineers (M) Bhd is continuing, in spite of a lack of fresh details on its proposed restructuring scheme. It was disclosed yesterdaythat the beleaguered engineering concern has struck an agreement to319 words
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Page 11 Advertisements
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Advertisement118 1986-01-18 11 NOTICE NOTICE IS HEREBY GIVEN that, I ANG CHAT HE of Block 20, Teck Whye Lane *11-55 Singapore 2368 have applied for a RETAIL LIQUOR SHOP LICENCE in respect of premises at M/s Rising Traders Block 274 Bt. Batok Ave. 4 *01-104 Singapore 2365 and that this application will be118 words
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548 1986-01-18 12 CHUANG PECK MING - By CHUANG PECK MING THE THEORY that the performance of the service sector in Singapore is dependent on the progress of manufacturing activity has been dismissed as a misconception by a report to the Economic Committee. In a two-volume submission of 424548 words
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332 1986-01-18 12 IN A MOVE designed to encourage home ownership, the Housing and Development Board has tightened the rules for rental flats with the introduction of three new measures. It has raised the minimum age requirement for those wanting to rent flats from332 words
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Article401 1986-01-18 12 BUSINESS SERVICES such as consultancy and advertising could play a leading role in Singapore's economic growth, according to a report put forward to the Economic Committee. The Sub-committee on the Service Sector stated in a twovolume report that such services, given the proper nurture and401 words
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Article, Illustration335 1986-01-18 12 Agencies THE OUTLAWED communist party of the Philippines said yesterday that opposition hopeful Corazon Aquino was politically naive but infinitely better than President Ferdinand Marcos. It also said that in ideal circumstances she could easily defeat him in the Feb 7 polls. The party renewed its callAgencies - 335 words
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278 1986-01-18 12 AP THE JAPANESE government has "basically" decided to continue voluntary restrictions on car exports to the US for a sixth year starting in April and keep them to 2.3 million vehicles, unchanged from this fiscal year, a newspaper reported yesterday. TheAP - 278 words
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Article255 1986-01-18 12 THE POLICY of striking off applicants for Housing and Development Board flats if they reject three offers is to be enforced from next month. The HDB will only then start numbering its letters of invitation to select a flat so that buyers have enough time255 words
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328 1986-01-18 12 AFP THE DEBT-RIDDEN International Tin Council (ITC) was due to resume its full session yesterday against a background of protest from its creditors over lack of progress in its efforts to solve the 12-week-old tin crisis. Since sources close to the ITC expect thatAFP - 328 words
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220 1986-01-18 12 UPI AMERICAN SENATOR John Danforth, head of the powerful Trade Subcommittee. yesterday charged that Japanese trading practices had cost 1.5 million jobs in the US. He said protectionist feeling was on the rise in the US and said he hoped "significant trade legislation" toUPI - 220 words
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530 1986-01-18 12 BRIAN GOMEZ - By BRIAN GOMEZ THE KUALA LUMPUR Commodities Exchange (KLCE), propelled by a collapse in rubber futures trading since October, is likely to have a head start over Singapore in the launch of a new hedging contract. Industry sources told BT that530 words
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Article61 1986-01-18 12 THE US stock market was mixed in early trading yesterday with the Dow Jones industrial average down one point to 1541. But the broad market moved up for the fifth consecutive session. Advances led declines by a five-three margin on a volume of 13.15 million shares. IV61 words
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LATE FILE
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Article66 1986-01-18 12 AFP THE CHAIRMAN of the US House of Representatives Sub-committee on Asian and Pacific Affairs, Mr Steven Solarz, has called for the suspension of US "commitment to come to the defence of New Zealand" under the Anzus alliance if the ongoing row over nuclearAFP - 66 words
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31 1986-01-18 12 Reuter A CHINESE MISSION is due in Indonesia on Tuesday to discuss the recent re-opening of direct trade, the official Antara news agency said yesterday. ReuterReuter - 31 words
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39 1986-01-18 12 AP AN INDONESIAN opposition party, Islamic Development Union Party, has urged President Suharto to seek another presidential term from 1988 to 1993. The call was made at a parliamentary plenary session yesterday. APAP - 39 words
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Article40 1986-01-18 12 AP IRAQ yesterday reported over Baghdad Radio that its jet fighters had "inflicted an effective and accurate hit on a large maritime target at a late hour of the night" in the Gulf. APAP - 40 words
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Article39 1986-01-18 12 AFP THAI AIR FORCE com-mander-in-chief Praphan Dhupatemiya told a court in Bangkok yesterday that he believed former supreme military commander Serm Na Nakhon was the leader of the failed coup in September. AFPAFP - 39 words
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32 1986-01-18 12 AP SPAIN and Israel signed a formal agreement yesterday in the Hague that established diplomatic relations between the two nations, said Israeli embassy spokeswoman Leora Herzl. APAP - 32 words
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Article35 1986-01-18 12 Reuter THE RETAIL PRICE Index, Britain's measure of inflation, rose 0.1 per cent in December for a year-on-year rise of 5.7 per cent, said the Employment Department yesterday. ReuterReuter - 35 words
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42 1986-01-18 12 Reuter THE SOVIET UNION is planning to evacuate its nationals from South Yemen where rival factions have been fighting for five days. Djibouti foreign ministry sources said several hundred Soviet citizens would be involved. ReuterReuter - 42 words
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Page 12 Advertisements
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Advertisement109 1986-01-18 12 via V. m Jtii'f V y-.'-V:--.? L ~f\ V V i\< f V V n X vr Let BT show you the ropes to effective management every Monday BT, Singapore's biggest business daily, has two full pages on Management every Monday. This is essential reading for all successful professionals and109 words
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Page 12 Miscellaneous
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Miscellaneous58 1986-01-18 12 wMim Outlook for today: Portly cloudy with showers over several areas in the late afternoon. Report for 24 hours prior to 7 30pm on Jan 17 at the airport: Maximum temperature 30.0 Associated humidity 68 Minimum temperature 23.9 Associated humidity 93 Hours of sunshine 8.05 Roinfoll in millimetres 2.8 Rainfall58 words
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