The Business Times, 25 January 1986

Total Pages: 12
1 12 The Business Times
  • 13 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, JANUARY 2S, 198 C 75 CENTS
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  • 258 1 Reuter US PRESIDENT Ronald Reagan will meet President Suharto of Indonesia at the end of April for which officials said would focus on South-east Asian regional security and Third World economic problems. Indonesian Foreign Minister Mochtar Kusumaatmadja told reporters that Reagan's
    Reuter  -  258 words
  • 509 1  -  Company a step nearer to liquidation By NAJEEB JARHOM PAN-ELECTRIC Industries Ltd is on the brink of liquidation with a decision expected as early as Monday. The steering committee made up of the troubled group's 37 creditor banks which
    509 words
  • 531 1 Agencies A CALL to supporters of the Malaysian Chinese Association to halt anti-Singapore demonstrations was made yesterday by Tan Koon Swan, the party's president, who has been charged with criminal breach of trust. It came as MCA members around the country protested against his arrest
    Agencies  -  531 words
  • 325 1 UPI CHINA YESTERDAY formally extended the standard maximum term of its Joint ventures with foreign companies from 30 to SO years and unveiled new regulations granting some Joint ventures more access to the Chinese market. China's state council announced that as of Feb 1,
    UPI  -  325 words
  • Article, Illustration
    81 1 BARGAIN HUNTING aad 1, It lit lift eivCTiyg ftrtmUM MtpM to pask ap ibra prices «1 a brMMI treat yesterday, with tradlag imprevtag slightly to day's I.S mWtoa. He Straits Tines laiastrlal lain rase 8M p*tats to M.4L The BT Cempeate latex eleeed IM petals higher at SIt.CS.
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  • 500 1  -  By CHAN Ol CHEE THE REGULATORS of Singapore's securities industry are given more power to shine their flashlights into dark corners of the market, and move in firmly if they don't like what they see, under the new Securities Industries Bill, released
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  • 416 1 MR GOH CHOK TONG yesterday assured that with the right qualities, Singapore should be able to beat the recession in 18 or 24 months. "Of course, it depends on the situation outside Singapore," the First Deputy Prime Minister said during a
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  • 101 1 FOUR NEW MEMBERS have been appointed to the board of Singapore Broadcasting Corporation while two board members are appointed for a further two years. The new members are Mr ZnlklfH Mohammed, Member of Parliament for Eunos and president of the Central Council of Malay
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  • Page 1 Advertisements
    • 158 1 E N E X A S 1 Afr mm ELECTRICSS ASIA 86 S E Asia s 6th International Exhibition ol Electrical Engineering,lnstrumentation, Controls, Fittings and Accessories 21 25 October 1986 World Trade Centre. Singapore INTERFAMA EXHIBITIONS PTE LTD Partway Builders Centre *10-03 06 1 Marine Parade Central Singapore 1544 Tel
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    • 255 1 mm CROSSWORDS TV 4 RADIO THE MEN OF SINGAPORE were checked out this week for deportment and their ability to display the latest masculine clothes. The contest attracted 156 hopefuls looking for big cosh prizes and trips to the US or Paris. The days of the lodies dominance of the
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    • 190 1 Mora reports, Pago 2 !$~=;*!+}!`.^~<>]/}`+;){~$%](\} excw^FP^' I h.V |K ...)Hl >' II! Ih t. 'i \\< ,nP K fi 1 /V u «T»r rn Xv' -Xr SOTHEBYS World Guide to Antiques and their Prices the first of an annual series designed to illustrate the wealth of decorative works of art
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    • 25 1 > I INTERNATIONAL LEISURE MART 'J'J The Fair For Wholesome Pursuits Playing... Living... Learning 21 -24 June 1986 W.T.C. Singapore lIMFKt \MA \HIIHIK >\S I'le I !!>
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  • HOME NEWS
    • 478 2  -  By BOEY KIT YIN THE TRADE Development Board (TDB) has identified six areas of cooperation with India in the electronics industry in a bid to capture a larger share of the high growth market. The electronics industry in India, identified as the
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    • 87 2 MORE THAN 120 mechanical engineering projects by finalyear students of the Ngee Ann Polytechnic, including several industrial projects, will be displayed at a three-day exhibition. Among the items featured in the exhibition from Jan 30 to Feb 1 will be a computer-con-trolled fire extinguisher, a eggsorting machine and
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    • 348 2 DUTY FREE SHOPPERS (DFS), which runs the duty-free shops at Changi Airport, last night launched its $120,000 yearlong television advertising campaign. To the beat of The Conga in English and Mandarin over Channels five and eight, Duty Free Shoppers pitched its message at home viewers:
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    • 431 2 SIM UM INVESTMENT'S decision to convert its office/shopping complex coming up at Rochor Canal Road and Bencoolen Street into an "electrical and electronics city" has met with considerable success. Although completion is still a year away, a third of its 496 shops are already
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    • 159 2 MR JAMES K J-fr-H h:R, Canada's Minister (or International Trade, will visit Singapore next month during his tour of South-east Asia. Mr Kelleher will also visit Indonesia, Malaysia and Thailand to show Canada's commitment to strengthen economic and commercial cooperation with Asian-Pacific countries, according to
      159 words
    • 296 2 SWEDISH manufacturer Saab is launching a new range of Scania trucks and prime movers in spite of a slowdown in the sales of such vehicles. The market for trucks and prime movers weighing more than 16 tonnes, which usually sees
      296 words
    • 145 2 TAN SRI Abdullah Salleh, president of Petronas, the Malaysian national oil company, wUI deliver the keynote address at the Sixth Offshore South-east Asia Conference and Exhibition. He will speak on the "Rerise to the uncertainties of oil and gas market" at the opening of the
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    • 308 2 LAWRENCE YEO has joined Citicorp Investment Bank (Singapore) Limited as the assistant director for securities sales and distribution. Before joining Citicorp, Mr Yeo was with Dean Witter Capital Markets International, Samuel Montagu and Co Ltd and Singapore Nomura Merchant Banking. He has eight years' experience in money
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    • 273 2 ONE OF THE TWO MEN who stood bail for Mr Tan Koon Swan told BT yesterday: "When a friend is in trouble I help him out and Tan Koon Swan is my friend." Datuk Lee Shin Cheng, who put up half
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    • 338 2 TOUR OPERATORS contacted by BT yesterday reported that Singaporeans have not cancelled bookings for tours to Malaysia in spite of demonstrations by supporters of Mr Tan Koon Swan. Businessman politician Mr Tan was yesterday charged with six counts of abetting Mr Tan
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    • 116 2 A LION AND DRAGON charity show by nine Chinese pugilistic associations will be put up next month to raise funds (or the Community Chest of Singapore. The show will be staged at the Gay World Stadium on Feb 22, which is the 14th day of
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  • 756 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure e e f e a i- f KEPPEL WHARVES Anxi Koto Angkasa L Petaling 2 Johneverett Rajah Brooke Kim Soon Li Renee Rick'rs Trans Hav Qinghecheng Trans Fjord K34 K32 K20 K21 K25W K23 K18 K9 K15 K9 Harper
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  • Page 2 Advertisements
    • 123 2 NOTICE OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, Pu-UriM Shlppiag (Pie) Ltd af S3 Tim Creaeeat, BUgaCttU hereby give aetlee la tmi|iwn af ear parehaae af 'H*e Oaa', we have iffli I la the Registrar af Bbgapwe Ships, aader seetlaa 417 sf the Merehaat Shlppiag Act (Chapter 172,
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    • 9 2 WORLDW/DE COUR/ER Changing the way the world does business.
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  • OVERSEAS
    • 285 3 Reuter A PROMINENT sociologist has said that a child's chances of developing his abilities fully in the Soviet Union still depend largely on its origin and the social position of his parents. Tatyana Zaslavskaya, writing in the Sovietskaya Kultura (Soviet Culture) yesterday, said
      Reuter  -  285 words
    • 92 3 Reuter SOVIET IMPORTS of Western technology for its manufacturing industry are likely to become more selective over the next few years because of Western controls, the 24-nation Organisation for Economic Cooperation and Development (OECD) said. "In view of the Soviet need (or Western technology on the one
      Reuter  -  92 words
    • 448 3 Reuter THE AMERICAN State Department said world oil prices should be left to market forces and not be propped up by producer cooperation as suggested by Saudi OQ Minister Ahmed 7jH Yamani. Mr Yamami said in an interview that prices could fall below
      Reuter  -  448 words
    • 242 3 Reuter THE SOVIET UNION, the world's biggest oil producer, has virtually halted crude oil exports to Western Europe due to a rift with its customers caused by collapsing world prices. Moscow was supplying crude only to Finland's state oil company Neste, with which
      Reuter  -  242 words
    • 277 3 AP THE US government's monthly budget deficit shrank to U5514.66 billion in December, down 56 per cent from the November imbalance because of a surge in tax payments. The US Treasury Department said yesterday that the deficit, however, still totalled $75.13 billion for the first three
      AP  -  277 words
    • 741 4 ARRIVALS Operator Service Local From number time SIA SQI03 1005 KUL AC AC858 1020 YYZ/LHR/BOM CPA CX7I0 1030 CGK RBA BI421 1030 BWN QA GA960 1100 CGK SJA SQ105 1105 KUL SIA SQ201 1145 CGK THAI TG403 1155 BKK SIA SQ191 1155 PEN MAS MH682 1230 KCH
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    • 432 4 Reuter BRITAIN yesterday left room for a compromise on the future nationality of Hongkong's ethnic minorities mostly Indians who fear they may become stateless when the colony reverts to Chinese control in 1997. Mr Timothy Renton, the Minister of State for
      Reuter  -  432 words
    • 323 4 Reuter THE SOVIET UNION is displaying a new attitude towards Japan but it is not yet clear if this will lead to an improvement in relations, Japanese Foreign Minister Shintaro Abe told West Germany on Thursday. Mr Abe briefed Chancellor Helmut Kohl on talks he
      Reuter  -  323 words
    • 220 4 UPI THE UNITED STATES has imposed quotas on four categories of cotton garment exports from Nepal after three days of talks between US and Nepalese officials. The US embassy said yesterday that quotas for the next five years had been fixed for playsuits, blouses,
      UPI  -  220 words
    • 203 4 Reuter THE SOVIET UNION and North Korea have denounced what they called attempts by the US, Japan and South Korea to forge a Natostyle military alliance in Asia. The attack came in a communique issued at the end of a four-day
      Reuter  -  203 words
  • Page 3 Advertisements
    • 111 3 Gone today* Let's assume, for a moment, that you have an American Express Card. If that Card is lost, stolen, or vanishes in a puff of green smoke, we'll get you another one within twenty-four hours, (or the next business day). Free. No other credit or charge card can give
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  • Page 3 Miscellaneous
    • 105 3 Doonesbury mLHERB* THANHS ICANT KXJRPBAM FOR. 0&J&B cmmcm. cams it.. m m i W m a m n <A t i b 3 k V> e £AV i \jJ* m 5* 'Mr. HB&ACOPr OF Mf REPORT REPORT? BUT ONHCN9EUR YOUHM&a PUKS- &AMUEP HIM mi < hill 138 L R um>
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  • RAW MATERIALS
    • 337 4 The Kuala Lumpur Tin Market remains closed following the suspension of tin trading on the London Metal Exchange RAS prices in S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 157 50 158 50N 157 25 158 25N lot 1 RSS
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    • 13 4 KL TIN Closing pricos on Jon 24 (M$/kg) Price Suspended Turnover (tonnes) Suspended
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    • 109 4 (cents/kg, 1-ton pollen) p£g g£ MAR 86 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 158 00 I60 00N 160 00 162 OON SSR 50 156 00 158 00N 158 00 160 OON MRELB Buyers Sellers Buyers Sellers SMR CV 223 00
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    • 250 4 SINGAPORE THE MARKET yesterday closed slightly higher with February One RSS buyers quoted at 157.75 cents per kilo, up 0.25 cent from Thursday. Prices hovered narrowly in dull morning trading on lack of interest and fresh factors, after opening slightly higher. Prices were little changed in thin afternoon trading
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    • 222 4 WHEAT FUTURES on Thursday recouped early gains on active commercial buying in thin trade, and closed 3 3 to one US cent a bushel higher on the Chicago Board of Trade. Spot March finished up 3V* cents at U553.25 Purchases by Car gill of around 4.3 million bushels of
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    • 108 4 SOYPRODUCT futures on Thursday closed mostly lower, after a session of sympathetic selling following soybeans, traders said. Soymeal ended US$3 a tonne lower to $0.20 higher. Active selling by Bungg in May, March and July pressured prices, with late sales by Drexel Burnham Lambert adding to the negative closing
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    • 240 4 MALAYSIAN crude palm < oil prices yesterday ex- i tended their losses, clos- ing at around the day's < lows on short selling and i buyers' reserve as talk of large palm oil stocks con- i tinued to underpin the 1 market, dealers said. A weaker Chicago so-
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    • 154 4 Chinese Produce Exchange Sellers' noon clostno prices on Jon 24 (S$/100 kg) Coconut oil Bulk FOB 70 00 Old drum FOB 83 00 New drum FOB 87 00 Robusto 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gombier FOB NSW 675 00 578 00 462 00
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    • 62 4 Bangkok (USJ/tow*. FOB) White Rice Broken Rice A-l Super A-l Speciol C-l Special C-l Ord 155 152 unq unq 100% 1st doss 100% 2nd closs 100% 3rd c'oss 5% 280 Loonzoin Rice ££> 100% 1st grode >u 100% 2nd grade 240 9 rode unq 250 unq 10% 15% 20%
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    • 351 4 Reuter THE EUROPEAN Community yesterday agreed for the first time to take part in negotiations with bankers and brokers on resolving the three-month-old cash crisis facing the International Tin Council, ITC delegates said. The decision to join the talks came in response
      Reuter  -  351 words
    • 537 4 COFFEE ROBUSTA COFFEE futures on Thursday ended a fairly volatile day up £30 to £2 a tonne from Wednesday night. At the close, London's second position March was £30 up from the previous close at £2,495, in a £2,550/2,420 high/low. May was also £30 firmer at £2,560, and
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  • BANKING AND FINANCE
    • 442 5  -  Call to remove impediments to growth By SOH TIANG KENG Financial Correspondent A GROUP of tax and financial experts has called for the removal of three "inhibitions" to the growth of fund management in Singapore. The Fiscal and Financial Policy Sub-Committee stated that there was
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    • 291 5 AN ADVISORY committee, with representatives from the government and private sector, should be set up to remove tax doubts and settle long-drawn disputes between taxpayers and tax authorities. This was suggested by the fiscal and financial policy subcommittee which said the tax
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    • 638 5 NYT WITH THE PLUNGE in oil prices to under US$2O a barrel, American banks are in for a hard time, especially those in Texas and New York. Hardest hit, say analysts, will be the heavy lenders to Mexico, Venezuela, Nigeria and other countries
      NYT  -  638 words
    • 258 5 Reuter THE BANK OF JAPAN is expected to come under increased domestic pressure to reduce interest rates unilaterally following rejection by the Group of Five of concerted cuts and news of slower-than-expected US growth. There is a recessionary feeling among Japanese businessmen, and they
      Reuter  -  258 words
    • 173 5 Reuter BANK OF JAPAN governor Satoshi Sumita yesterday said Japan's current domestic monetary situation is relaxed enough and his central bank must continue to exercise caution over disturbing international interest rate differentials. Mr Sumita told a group of leading businessmen at a lunch meeting
      Reuter  -  173 words
    • 415 5 Reuter THE BASIC THRUST of US monetary policy is likely to remain unchanged as the Federal Reserve balances its urge to respond to the economy's growing strength against its desire to block the dollar from rising further. Analysts in New York, after viewing
      Reuter  -  415 words
    • 176 5 Reuter CREDIT SUISSE is to make changes in its West German subsidiaries to extend its involvement in Frankfurt, particularly in the field of commercial banking. Executive board general-di-rector Ernst Schneider said yesterday that the bank would set up representative offices in Munich and Stuttgart
      Reuter  -  176 words
    • 182 5 Reuter DEUTSCHE BANK AG would no longer be surprised if the European Monetary System, EMS, were realigned before the French parliamentary elections in March. The bank's management board spokesman Alfred Herrhausen said yesterday that Deutsche Bank had previously thought a revaluation
      Reuter  -  182 words
  • MONEY AND EXCHANGES
    • 704 5 SINGAPORE THE US dollar yesterday closed sharply lower against most major currencies in active but nervous late trading. It fell sharply in afternoon trading to close at 197.80/198.10 yen compared with an early 201.60/70 and New York's close of 201.55/65. It dropped sharply to a late 2.4285/4300 marks
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    • 254 5 Interbank rates at 3pm yesterday: Currenciee Nominal rata* Smithaonian Bid Otter croaa parity change Local dollors to one unit of foreign currency: US dolor 2 1245 2 1275 ***** -2465 Sterling pound ***** 2 9657 7 3469 -59 78 Australian dollar 1 5073 1 5137 3 4286 -56
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    • 347 5 MARCH Ear*4«Uar yesterday opened slightly lower from IMM's close at 91.95 and traded in a tight range the whole morning as direction of interest rate was still unclear. Liffe opening saw prices edging higher in view of the sharp decline of the dollar in the spot market. The March
      347 words
    • 248 5 HONGKONG: GOLD PRICES yesterday closed stronger, ending near the day's high, as the US dollar fell sharply. It ended the day at U*****.00/356.00 per ounce against an initial 351.70/352.20 and New York's final 350.90/351.40 on Thursday. The krugerrand rose HKJ4O from its close here on Thursday to $2,760, or
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    • 73 5 THE OVERNIGHT rate on the Singapore interbank money market rose by H point from Thursday to end at 4'« per cent yesterday. The one-month term rate fell by point while the two and three-month term rates Jell by point each. S$ Interbank rates at 7pm yesterday: OHcr Bid
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    • 54 5 RESULTS OF TENDER held on Jan 24 for 91-day Treasury bills to be issued from Jan 27 to Jan 29 and Jan 31. Offered: $90,000,000. Applied for: $125,000,000. Allotted: $90,000,000. Accepted bids: $99.26 approximately 48 per cent; higher bids in full. Average rate of discount on allotment: 2.945
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    • Article, Illustration
      304 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels, in quiet trading. Weekend closed at eight 7 3 /s per cent and week fixed at 8-3/16 8-1/16 per cent. Rates from one to six months closed at a common 8-3/16 8-1/16 per cent, nine months at 8-5/16
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  • TIME-OFF
    • 451 6 MODELS, HAIRDRESSERS, WAITERS we could understand flocking to the Hyatt Regency Hotel for Singapore's first Male Model of the Year Competition to display their "charms" if that's the right word. That such tough guys as police officers, managers, engineers, mechanics, firemen and above all immigration officers,
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    • 1052 6  -  By GOH YEE LING RICHARD CHIPPERFIELD, lion trainer and chief of Britain's most famous circus, is a showman right down to his boots. Circus folk they're a special breed are not noted for their modesty. "Give me two months and I can train any lion in the
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    • 294 6 THE BRITISH are well-known in Europe (or driving on the wrong side of the road, although they of course see it as the other way round. The right being wrong and the left, right. Perhaps this has heightened their awareness of offside and nearside, for a
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    • 1149 6 What's on from Jan 25-31 HUMmMHII EXHIBITIONS: 8t Patrick's Arts Centrs first public exhibition. Goethe Institut Art Gallery. 12 noon-Opm, Mondays-Saturdays, free. The exhibition covers the work in progress of the students in the fields of pointing, sculpture, ceramics, printmaking, graphic and interior design. Ends Jan 31. Pewter In
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    • 124 6 THE GRAND OLD MAN of the sea, James West water Ferric, has warks comprising aver 41 painting* of seascape scenes off the shares of Singapore, including "Jurong Shipyard" (above). Water is predominant both in subject and medium and his works feature boats battling rough waters and
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  • Page 6 Miscellaneous
    • 786 6 aaaS CRYPTIC PUZZLE ACROSS 9 Ploy the role of Solomon? (3. 6) 10 Wos better than the other radiators? (8) 12 A mistake in the paper (4) 13 Mod as can be, among rune being treated (6) 14 The attendant comes round when the tot's spiNed the soup (7) 15
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  • SPORTS
    • 512 7  -  By BRIAN MILLER MARK SESTICH could be the jockey to follow at Bukit Timah this afternoon and if the weather holds fine, he might come away with a fair-priced double. The former top West Australian hoop has been granted a full-season licence
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    • 253 7 AP PGA CHAMPION Hubert Green birdied his last hole for an 8-un-der-par 63 and a one-stroke lead in the first round of the US|5OO,OOO Phoenix Open golf tournament. "A fun round of golf," said the 39-year-old veteran, who scored
      AP  -  253 words
    • 153 7 AP A BRITISH whisky firm announced on Thursday a massive four-year sponsorship deal with the Professional Golfers' Association covering the next two series of the Ryder Cup, the prestigious golf match between the United States and Europe. Europe, winner in
      AP  -  153 words
    • 503 7  -  Rousing Round One makes squad early favourites By WALTON MORAIS WHILE MAKING predictions this early in the season is not normally wise, high-riding Sembawang's rousing start to the Premier League golf championship three weeks ago suggests otherwise. Last season's runners-up by a stroke are
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    • 402 7 UPI CHICAGO BEARS quarterback Jim McMahon, who since coming to town had almost singlehandedly fuelled the Super Bowl publicity monster, became an innocent victim of it. "I'll be lucky to get out of New Orleans alive," said McMahon, who must put all the
      UPI  -  402 words
    • 190 7 UPI THE MEDIA covering the Super Bowl agree with the oddsmaker. A UPI survey has most of those interviewed picking the Chicago Bears to beat the New England Patriots tomorrow by at least 10 points. Some predictions: Jim Dent, Dallas Times Herald Chicago 41, New England
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    • 200 7 UPI JUDY DICKINSON and Betsy King shot 4-under-par 68s to share a onestroke lead after one round of the US$2OO,OOO Mazda Classic. Dickinson birdied five holes on Thursday and bogeyed once while King sank four birdies at the two-month-old Stonebridge Golf and
      UPI  -  200 words
  • Page 7 Advertisements
    • 49 7 RADO DiaStar Scratchproof sapphire crystal. Scratchproof case-top. Waterproof Ref 111.0197 3 015 *****5 Mod dep Swim Made to Ref 129.0195 3 015 v a L Rado Service Centre: NEW HORIZONS SINGAPORE PTE LTD, (Member of Inchcape Group), 35 Selegie Road #B 1-06 Parklane Shopping Mali, Singapore 0718. Tel: *****11/2.
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  • Page 7 Miscellaneous
    • 1058 7 to sm caacDacD SATURDAY NIGHT MOVIE The Hearst And Davtee Affair 11.20 pm, Channel 5 A romantic draqpia about the love between newspaper moghul and empire buiuJer William Randolph Hearst and Marion Davies, a chorus girl in the Ziegfeld Follies of 1916. Robert Mitchum and Virginia Madaen star CENTREST AQE
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    • 30 7 BnStOW? RanlcDicfcens GOT \T D£p\G Si£ OR roRDRn SNP\pl VjJHPTT ON €-P*RTH IS THC rkprtreß ljith rn<?. e>R»sTcxo lrtjely HCL'S SPENT TMe. tOMOLE. iOe£K IM P» VCIKD OF TRRNCe vTTT^
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  • INTERNATIONAL STOCKS
    • 170 8 UPI NORTHWEST Orient Airlines is buying Republic Airlines for US$BB4 million, creating the thirdlargest airline in the US behind American Airlines and United Airlines. Under the agreement between the two Minne-apolis-based airlines, Northwest will pay $17 for each share of Republic. Northwest president Steven
      UPI  -  170 words
    • 202 8 Reuter UNION CARBIDE Corp, which has been fighting litigation from the Bhopal chemical disaster and a hostile takeover attempt by GAF Corp, yesterday reported a preliminary 1985 loss of US$5B2 million. The chemical company said the loss reflects special charges related
      Reuter  -  202 words
    • 348 8 Reuter THE NEW YORK stock market scored its first gain of the week on Thursday as buyers moved in to end a three-day decline. But analysts said it might take a few weeks for investors to refocus on the positive aspects of falling oil
      Reuter  -  348 words
    • 130 8 JAN 23 C$ 46h Inco Int Pro* Pipa 19 42* uncti km IM 20* 20 Karr Add 17* Argoan Hklg» Bar* Mont 32 -H Lobtaw B Mauay Farg Mc Bkxtt 22 2* 25 unch ench Bal Canodo BP Can Ltd 38H 29* 37* Moteon A Moor* Cp 19* 26*
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    • 206 8 UTVMC Ie»4 1250 unch MOUSTtlALS MININGS A Alpha ***** Abercom 240 inch Angto* Af And a Amaprop 950 575 unch -10 Byroon 1675 8350 -5 -125 AMK 3850 1480 -50 5 Charter 855 45 2400 25 CNA 260 unch 1760 -30 Cum* Fnance 500 ***** inch Dnet 5200 225
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    • 614 8 JAN 23 USS AJcon Akaiwi AJcoo ASegheny Lud AJk*d Own Cp AJfc»d Storm AJfeChafrnars Am Brandt hrv Am Broadcast Am Con Co Am Cyonon wl Am Eloc Pwr Am Enprtu Am Home Prod Am Motor* Cp Am Notiral Got Am Tal Tal Amax Inc Amaroda Hess AMF Inc
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    • 790 8 Amsterdam JAN 23 Fta A0N 568 00 -19 109 00 -47 Ahold 80 00 -3 4 157 30 -8 1 AAA£V Amfot 86 50 -4 3 107 50 -6 3 Ba*a< Boh Bonumq Botkata !"Z! 135 00-6 5 Caiand C <*v« Dat N> Ekcviar F* Fakkar Ganvno G»«xoc
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  • Page 8 Advertisements
    • 219 8 j 'WV-n •''V->-®SiE,S >c imM ,»2 -VS#~~r3»a Take the family out to r/ for lunch this Sunday Because a full buffet spread of 23 delicious local specialities awaits you! From salads and cold appetizers to main dishes like Diced Prawns With Dried Chilli, Beef Rendang, Chow Mein With Seafood, Pork
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    • 162 8 International Buffet Fashion Fare At: $10.50* ONLY J is 1 i r' .1 V /TKN TREE CAFE The Fare: Besides a sumptuous international buffet, come and savour our air-tlown oysters from New Zealand at $1.25" per piece. Daily from 11.30 am to 2.30pm. The Fashion: A delicious romp into the
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    • 195 8 WSi s m* *i THCtWAUOIM Top band m Taiwan These 5 s»igng sw:rs have just finished a 6-momfi smgngstmtcn Japan Tt* vivacious gnxo comtxnes the* mus*a( tater*s«<*h supftj sho»vmansr*p to gr** fop class (rtmanment wufi the* chamwig rendwjn of Engfcsh. Mandarin jap*** Cantonrsr and Mokk*n hits From is January ISB6
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    • 95 8 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 4-f each (min. 2 persons). Over 50 a la carte specialities are also available A¥ FURAMA SINGAPORE HOTEL 10 Eu Tong Sen Street. Singapore
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    • 124 8 London stocks on Pago 11 >T AND THE PERFECT COMBINATION GOOD MUSIC ANT) GOOD WINE GOOD FRIENDSAND LAI'GHTER YOt AND YOIRS AT THE LOI'NGF. ROSEMARIE. DAISY MAM ELK. A AND EMMAM EL. WITH TOP CHARTERS OLDIES AND ROCK N ROLL PIT EVERYTHING INTO PERFECT COMBINATION FOR A PERFECT NIGHT OIT
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  • ASIAN STOCKS
    • 437 9 HONGKONG: Stock prices closed lower yesterday, giving up most of Thursday's gains under pressure from institutional selling aimed mainly at properties. The Hang Seng index fell 16.49 points to 1,745.80. It rose 24.35 points on Thursday. Brokers said British and Singapore interests were liquidating some of their holdings but
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    • 249 9 JAN 24 MT Nan Ya Ptos 31 80 18 10 -0.1 -02 AJ Sneer* InAis A*o Cement Cathay Com Chang Hwo Bark Chan Loona Chio Hun Cement Qvno Chem Chna Dev Chno Elect Wire CNno Gulf Pk» 2 09 25 40 30 30 44 10 21 30 2350 1870
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    • 377 9 TOKYO: Share prices yesterday closed higher in moderate trading but off earlier highs as the market remained basically uncertain over future trends in interest rates. The market average rose 15.26 to close at 12,904.20 after hitting an early high of 12,944.33. Turnover was 300 million shares against 270 million
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    • 64 9 JAN 24 p Oriental B PMc> B 0 013 0 15 unch -0 005 Anglo PNI Ape* Mnn 9 B 0001 001 12 unch *nnoi PtDT 38 50 •1 onni Bovc Petroleum Benguet Con B CDCP 0 0028 -***** 106 unch San Miguel B Seotront 19 0006 *0 5
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    • 353 9 SYDNEY: Australian sharemarkets closed easier yesterday with profit-taking in leading stocks and bearish sentiment pushing the market down. At the close of trading the All Ordinaries index had fallen 7.0 points to 1052.9, the All Industrials 4.3 to 1561.0 and the All Resources 8.7 to 661.0. The gold index
      353 words
    • 79 9 JAN 24 Won Hyundai Const 1039 •4 695 10 1720 35 Bonk Seoul 620 -11 Chohaung Bk 632 700 unch Commcfciat Bk 699 -16 1615 26 •1 Doetm Ind 469 355 Doe«oo Cocp 475 -2 Lucky Ltd 711 -7 820 18 726 Dong Ah 450 -10 Sarmung Elec 1360
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    • 148 9 BANGKOK: The Stock Exchange of Thailand index yesterday closed at 139.05, up 1.39 from Thursday. Turnover was 360,630 shares valued at 48.4 million baht. The Book Club index closed at 125.40, up 1.35. JAN 24 Uh iom Citizen 70 50 35 S«om City 452 12 Ayuthoyo k*v South Ana
      148 words
    • 53 9 Reuter CHINA PRODUCED 14.3 million television sets last year, up 600 per cent on the 1980 level, and 10.7 million radio-cassette recorders, up 1,300 per cent on the 1900 level. The Ministry of Foreign Economic Relations and Trade said on Wednesday that China had started exporting
      Reuter  -  53 words
    • 179 9 Reuter PEPSICX), corporate parent of Pepsi-Cola, said on Thursday it intended to invest about US$lOO million in China over the next 10 years to establish a network of bottling facilities. The company made the announcement at the opening of its plant in Guangzhou,
      Reuter  -  179 words
    • 94 9 AFP MITSUBISHI MOTORS Corp of Japan has signed a US$9.9 million contract to assemble cab-type light commercial vehicles in southern China starting late this year. Under the accord, Mitsubishi is to offer technical assistance for body and cab products, supply parts and plant equipment, including
      AFP  -  94 words
    • 155 9 Reuter MANY CHINESE companies give false production figures, keep two sets of accounts, ignore technical regulations, hire too many workers and pay excess bonuses. The China Daily on Thursday quoted a report by the Beijing Economic Research Institute as saying that such malpractices
      Reuter  -  155 words
    • 134 9 Reuter MALAYSIA has offered to set up a palm oil refinery in Bangladesh and agreed to consider proposals for Joint ventures in textiles, leather and other industrial enterprises. Officials on Wednesday said that the offers were discussed at talks between Malaysian Public Enterprises Minister
      Reuter  -  134 words
    • 78 9 Reuter THE INDIAN private corporate sector's gross capital formation, comprising gross fixed assets and inventories, rose to 78.89 billion rupees in 1964/85 ended March against 68.86 billion in the previous year, the Times Research Bureau said yesterday. The reserves and surpluses of the sector rose 14
      Reuter  -  78 words
  • Page 9 Advertisements
    • 544 9 r Smt w wim, mil eadertala For a Rsranakan Buffet Lunch so good, even Noriyas feel at home. For over a decade we've been known for Peranakan Buffet lunches with a home-cooked flavour. You too can enjoy the pleasure daily, for only SSI4 00++ per person The Luna Coffee House,
      544 words
    • 125 9 after Sve... i»r K s 2 Lin Bids Ni|btlyt 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 Patr nB every nignt. bowum (CAIRNHILL
      125 words

  • SHARE INFORMATION
    • 4165 10 LAST-MINUTE buying took prices moderately higher on the Singapore stock market yesterday, as investors and punters shifted their attention from news on Tan Koon Swan to economic fundamentals. Rises were recorded on a broad front as winners took a commanding three to one
      4,165 words
    • 259 10 SINGAPORE Rises Ind liCM H Lcong F. 230 TOM 164 S H 575 Msyiw Corp« 248 Kantacfcr Sport 198 tataafh 188 0 C I C 695 S 1 A 494 U 0 320 CASNSOi 136 DBS 466 M U 1 125 Otaaa Hmp 107 Falls Tat Lm
      259 words
    • 3018 10 BID and offer prices officially listed and business in and reported to the Stock Exchance 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"
      3,018 words
    • 192 10 CHEMICAL COMPANY «f 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. BATH
      192 words
  • Page 10 Advertisements

  • COMPANY NEWS
    • 257 11 Sao©? PHqgw By HOCK LOCK SIEW AMONG the many low-priced stocks which are available on the stock market today, very few can compare in investment value with building contractors, Lum Chang Holdings Ltd. With a relatively high dividend yield that is more than
      By HOCK LOCK SIEW  -  257 words
    • 299 11  -  By AMY CHEOK THE BATTLE for 5.12 million shares in Allied Chocolate Industries continued yesterday, with the company making a public announcement that it had yet to be served with a notice of appeal by Mr Chew Sing Guan.
      299 words
    • 541 11  -  By RAMESH CHANDIRAMANI WEARNES BROTHERS Ltd, the automotive-turned-electron-ics and agro-technology-based member of the Oversea-Chinese Banking Corporation group of companies, has drawn down almost $56 million of its cash resources to develop its new business interests. In line with its aggressive venture into
      541 words
    • 305 11 IT IS NOW officially known that Temasek Holdings and companies associated with it were actively buying and selling Singapore Airlines shares last December. Yesterday, the government investment body announced that it carried out nearly a dozen purchases and two sales of SIA shares
      305 words
    • LATEST
      • 37 11 Group pre-tax profits of MJ1.976 million ($11,084 million) on turnover of $10,367 million ($27,271 million) for the six months to Sep 30,1965. Group after-tax earnings plunged to $700,000 ($5.69 million). No interim dividend.
        37 words
      • 25 11 Pre-tax profits of M 541,277 ($236,999) on sales of $737,088 ($1 million) for the six months to end-September 1965.
        25 words
    • 244 11 Monogers' prices MARA-Bumiputrs for ion 25 27 First B'putro 4 42 447 Singapore Unit Trust Second B'putro Third B'putro 4.14 3 42 4 19 347 The Commerce 0 89 094 Fourth B'putro 367 372 The Savings Fund 0.78 083 Fifth B'putro 2 36 2.41 S'pore Prog Fund 0.36
      244 words
    • 99 11 HONGKONG Thursday 1565.4 Week ago 1560 5* Hang Seng Index Friday 1745.80 Thursday 1762.29 NEW YORK Week ago 1806 86 Dow Jones Thursday 1511.24 TOKYO Wednesday 1502.29 Week ago 1541.63 Nikkei Average Friday ***** 20 Thursday *****.94 Week ago ***** 70 Standard Poors Thursday 204.25 Wednesday 203.49 Week
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    • 711 11 SHARE PRICES were marked up at the outset yesterday but were untested following Thursday's late rally off the lows and Wall Street's firmer trend. At 10.45 am, the FTSE 100 Index was 6.2 points up at 1,389.0. Some buying for the new account was noted with market sentiment
      711 words
    • 3020 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 NWSTMALS Ajwowoto (2 306 2 665) A Choc (2 008) (2)
      3,020 words
    • 144 11 THE MALAYSIAN Ministry of Trade and Industry has approved Ualted Plutettw Bkd'a acquisition of the balance of 50 per cent of Unitata Bhd. TWO SUBSTANTIAL shareholders of TVs lmr•aee Cirpwitt— Of 8tag»psre LM have sold some ICS shares in the open market. DB8 Bank and Temasek sold 2,000
      144 words
    • 248 11 THE KUALA LUMPUR stock market continued to improve yesterday as investors seemed to recover from news of the detention and subsequent charging of Malaysian politician-busi-nessman Tan Koon Swan by the Singapore authorities. Share prices moved up steadily in fairly active trading but brokers said that the mood
      248 words
  • Page 11 Advertisements
    • 148 11 NOTICE OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIPS NAME| We, Algenib Pte Ltd of 19 Keppel Road #07-05/07 Jit Poh Building, Singapore 0208, hereby give notice that in consequence of our intention to change the name of the motor vessel "Maersk Rando" we have applied to the Registrar of Singapore
      148 words
    • 243 11 NOTICE IS HEREBY GIVEN that, I Tay Kok Eng of Blk 337 Jurong East Ave 1 #*****2 Singapore 2260, have applied for a Retail Beer Shop licence in respect of premises at M/s Jong Sing Trading Co. Blk 275 Bt. Batok East Ave 4 #01-130. Singapore 2365 and that this
      243 words

  • 457 12  -  By BOEY KIT YIN A SECOND ROUND of talks to renew the US-Singapore bilateral agreement on textiles will be held in Washington next week. A six-member delegation from Singapore will meet US officials at the office of Special Trade Representatives.
    457 words
  • 155 12 MR T.ira YIOK SENG, Senior Parliamentary Secretary (National Development) is tipped to be the new chairman of the Construction Industry Development Board (CIDB). Mr Lee, who is also the Member of Parliament for BuIrit Panjang, will replace the board's first and current chairman,
    155 words
  • 118 12 Reuter BRITISH NEWSPAPERS yesterday scorned Prime Minister Margaret Thatcher's attempts to contain a government crisis over the leaking of a confidential letter. The London Times urged her Trade Secretary Leon Brittan, the man who authorised the leak, to resign and most other newspapers
    Reuter  -  118 words
  • 94 12 TRADE DEVELOPMENT Board director-general Ridzwan Dzafir has been appointed Singapore's first roving ambassador to Argentina, Brazil, Chile and Panama. He will reside in Singapore and continue with his present duties as the director-general of the TDB but make regular trips to these countries. Singapore established diplomatic
    94 words
  • 451 12  -  By SOH TIANG KENG Financial Correspondent CHANGES TO the present insolvency laws to enable viable businesses with temporary cash problems to stay afloat are needed in Singapore. This was stated on Thursday by the Fiscal and Financial Policy Sub-Committee which maintained that the present laws
    451 words
  • 255 12 TRADING IN YEN FUTURES hit a new record of 1,700 contracts on the Singapore International Monetary Exchange (Simex) yesterday. The previous daily record was 1565 lots, achieved on Jan 3 this year. The new yen record followed a sharp increase in trading yesterday afternoon when
    255 words
  • 418 12 UPI DEFENCE LAWYERS plan to introduce evidence showing that a son of Thailand's top military officer was connected with last year's abortive coup unless the government offers an amnesty to defendants on trial for the attempt. In proceedings yesterday, Judge Prasert
    UPI  -  418 words
  • 212 12 Reuter AFP PRESIDENT Ferdinand Marcos yesterday dismissed ss laughable US army charges that he faked a wartime career as a guerilla hero. Mr Marcos bit back at politically embarrassing documents released in Washington on Thursday whicb said that he lied about his exploits during the
    Reuter; AFP  -  212 words
  • 324 12  -  •y MONICA GWEE THE FIRST Deputy Prime Minister yesterday argued a case for trying different way» of managing Singapore hospitals to arrive at a superior system of medical care. The aim, said Mr Goh Chok Tong, was to find the system that reaped
    324 words
  • 64 12 Reuter RIVAL Christian militia chiefs braced (or battle in Lebanon yesterday as pro-Syrian fighters built up their ring of steel around President Amin Gemayel's village. Ousted Lebanese forces coin- msnder Elie Hobeika left Damascus on Thursday for a tour of front-line positions around GemayeTs family
    Reuter  -  64 words
  • 54 12 THE US stock marks! pushed higher in active trading yesterday, extending its rally into a second day. The Dow Jones ildustrial average was up five petals to 1516. Advances had A two-one lead over declines on a volume of 10.63 million *arss. The Csnssx «sM sat rftver
    54 words
  • LATE FILE
    • 35 12 Bernama THE HEARING of a $27.« mflUoi suit tot maBumiputra Malaysia Finance (BMF) chairman Lorrain Esme Osman will begin at the high court in Kuala Lumpur on July 1. Berna-
      Bernama  -  35 words
    • 37 12 UPI IN SPITE OF Marxist rebel claims of victory in South Yemen, the country's embattled President All Nasser Mohammed has vowed that he will counter-attack with «,000 troops in a "decisive battle". UPI
      UPI  -  37 words
    • 39 12 AFP FOUR Thai marines were killed and three others wounded when Vietnamese forces in Cambodia shelled a marine base at the southernmost tip of the Thai-Cambo-dian border, Royal Thai Navy sources said yesterday. AFP
      AFP  -  39 words
    • 49 12 AFP CHINA yesterday implied that its Communist Party would not send a delegation to next month's Soviet party i ism <Si in Moscow. A Chinese offlrisl said: "The Chime Co—ht Party does not maintain relations with the Ob—nlst Party af the Soviet Union. AFP
      AFP  -  49 words
    • 39 12 Reuter MALAYSIAN Foreign Minister Tengku Ahmad Rithauddeen said yesterday that an Islamic peace committee sf i h lnfl to end the five-year-old Iran-Iraq war had failed in its task and should be dissolved. Reuter
      Reuter  -  39 words
    • 29 12 AP INDONESIA will export about ooe million tonnes of cement to Chins this year, Indonesian Chamber of Commerce President Suks mdaai Gitaosardjono said yesterday. AP
      AP  -  29 words
  • Page 12 Advertisements
    • 2 12 V. M
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    • 64 12 SBT helps you increase productivity BT, Singapore's biggest business daily has a weekly page devoted to training and development to keep Singapore ahead in the economic race. Every Wednesday, BT brings news of the latest techniques and developments in training, productivity and acquisition of skills. Our comprehensive coverage on "Training
      64 words
  • Page 12 Miscellaneous
    • 57 12 'liMMJiSU Owtiook for today- SKowfi am ,io*orol aroas in tfco lot* afternoon. Report for 24 hours prior to 7.30pm on Jan 24 at Itw airport: niiiiiwm fmporaturs 29.9 Anociotod hnmiflty 69 Minim inn tnmpnrctw 23.5 A»ociat*4 hwwfcty 93 Honrs of wnahmo 4.35 RoinfaM in millimstrni ni Roinfol this month 301.6.
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