The Business Times, 15 February 1986
1986-02-15
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The Business Times
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Title Section12 1986-02-15 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, FEBRUARY 15, IMS 75 CENTS12 words
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Article, Illustration467 1986-02-15 1 FOO CHOY PENG LOH HUI YIN - Stories by FOO CHOY PENG LOH HUI YIN THE $1.2 BILLION loss of revenue that would result from the implementation of the Economic Committee's tax proposals should not lead to a similar cut in government expenditure. This is because the Government467 words
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Article, Illustration435 1986-02-15 1 ALVIN TAY - Klasse Yuyi in Orchard Building to be the first to go By ALVIN TAY EMPORIUM HOLDINGS is planning to close a number of outlets, including its 15-year-old Klasse Departmental Store (Yuyi) at Orchard Building. The move, which will reduce costs and slim the workforce, represents435 words
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Article85 1986-02-15 1 Reuter INFLATION in Western industrialised nations last year fell to its slowest pace in 17 years, the Organisation for Economic Cooperation and Development (OECD) said yesterday. The average annual rate in the 24 countries of the OECD slowed to 4.6 per cent in 1965 fromReuter - 85 words
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Article406 1986-02-15 1 FOUR BROAD SECTORS which will provide the impetus for annual economic growth of 4 per cent to per cent in the longer term have been identified by the Economic Committee. These are international services; banking and financial services; more sophisticated manufacturing activities; and trade. "International406 words
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Article80 1986-02-15 1 PENSIONABLE CIVIL servants will also be affected by the proposed 15-point cut in employer's contribution to the Central Provident Fund. The Economic Committee, releasing detailed recommendations yesterday, suggested that the employer's CPF rate for pensionable employees be reduced on a prorated basis. At present, the government contributes80 words
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Article, Illustration63 1986-02-15 1 A WAVE OP MttH towards fee etoee led Malaysiaa e«ln ui reeeit ■market fiTHiltM etoeed with sahstaatlal tosses. Bat qsallty stoeks geae rally eeatlaaed to Tlbms Mistrial ladex a4M IM prfato to OsMi at tOM wtole the BT Mez tacked ea Ul pttato to OUt. Hewever, torn led63 words
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481 1986-02-15 1 LISA LEE - By LISA LEE ABOUT FIVE YEARS AGO, chairman Jack Chia of Jack Chia-MPH found himself locked out of the boardroom at his office in the Malayan Credit House in Somerset Road by his jointtenant, Malayan Credit Ltd.481 words
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Page 1 Advertisements
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Advertisement283 1986-02-15 1 C fISIATEHM Southeast Asia s 3rd International Exhibition of Textile Garment Machinery and Fabrics Trade 24 -27 May 1986 W.T.C. Singapore it INTERKAMA KXHIHITIONS IMF I II) ssMwaai? gaaj2 CUT defence and health and human services, the two biggies in the US national budget, if you want to cut the283 words
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Advertisement198 1986-02-15 1 SNARE INFORMATION MONEY A EXCHANGEB RAW MATERIALS ACCORDING to a very successful Japanese businessman, his countrymen tend to be small because little or no meat was eaten in the country between the 17th and 19th centuries. He is trying to build them up on a diet of beefburgers and turn198 words
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Advertisement0 1986-02-15 1 ?_}_/'])%(<}[{?";\/_"<$'>.,([?`0 words
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Advertisement152 1986-02-15 1 E N EX- A S I Af ASIA 5 ELECTRONICS B6 S E Asia's 6th International Exhibition at Electronic Components. Assemblies. System Packaging and Production Technology. 21- 25 October 1986 World Trade Centre, Singapore INTERFAMA EXHIBITIONS PTE LTD Parkway Builders Can** *10-03 06 1 Marin* Parade Central Singapore 1544 Tal152 words
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HOME NEWS
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Article488 1986-02-15 2 LOH HUI YIN - Unrestricted flow of foreign talent should continue, says Economic Committee ECONOMIC COMMITTEE REPORT A. (fjmECTIONS~2 By LOH HUI YIN THE ECONOMIC COMMITTEE is strongly in favour of keeping Singapore's free trade policy in spite of numerous calls for modification. Along with advocating a free trade488 words
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397 1986-02-15 2 THE SERVICE SECTOR has been identified by the Economic Committee as an area in which Singapore has a comparative advantage in exports. This sector should become one of the major sources of overseas earnings, says the report, which suggests that the present397 words
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309 1986-02-15 2 THE AIR LINE PILOTS Association (Alpa-S) and the Singapore Airlines (SIA) management have been given more time to settle the dispute over the management's move to withdraw some perks from a certain category of pilots. Industrial Arbitration Court President Tan Boon309 words
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227 1986-02-15 2 A 1.5-KM STRETCH of Marine Parade road from its start at Amber Road to the junction of Telok Kurau Road will be widened. This stretch of road conveys traffic from the East Coast Parkway and East Coast Road to major shopping centres227 words
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155 1986-02-15 2 AS ALLIED COCOA was wound up yesterday In the High Court, another creditor is pursuing claims on the company from the official receiver, Peat, Marwick and Mitchell. The winding-up petition was initiated last year by Lee Sian Teck Chartered Architects, which was owed about $500,000.155 words
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370 1986-02-15 2 THE EFFECT of last year's disastrous drought in Brazil has finally reached our stores coffee prices are going up. Nestle has raised the retail price of almost all its brands of Nescafe by 20 per cent. The increases range from 80 cents to a370 words
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Article180 1986-02-15 2 PRIVATE HIRE (SZ) cars which have been taken off the road cannot be scrapped for Preferential Additional Registration Fee (PARF) for the purchase of new private cars, the Registry of Vehicles (ROV) said yesterday. But figures released by ROV indicated no more than one per180 words
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Article, Illustration341 1986-02-15 2 CHAN AH MUN has taken up the position of manager, regional treasury centre, of HongkongBank. Mr Chan will be responsible for the development and expansion of the bank's foreign exchange and treasury capabilities in Singapore and the region. He will work closely with the bank's regional branches341 words
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395 1986-02-15 2 CHUANG PECK MING - By CHUANG PECK MING SWIFT ACTION on the proposals of the Economic Committee was called for by employers yesterday. "Prompt implementation with the cooperation of employers and trade unions will ensure a faster end to the recession and an earlier return to economic growth,"395 words
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Article808 1986-02-15 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrivol Departure KEPPEL WHARVES 15.2.86/0300 Builder 3 K23 Thong Soon alongside Djebel Refoa K19 Unipocific alongside 15.2.86/1500 G Sekitan-7 K17 Ocean Inti alongside 15.2.86/1500 Hati Baik K20 Kie Gwan alongside 15.2.86/2300 fcn Younus K18 J Manners alongside 15.2.86/0600 Straits Hope K24E808 words
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Page 2 Advertisements
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Advertisement9 1986-02-15 2 WORLDWIDE COURIER Changing the way the world does business.9 words
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OVERSEAS
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Article, Illustration267 1986-02-15 3 AP CHRYSLER CORP chairman Lee lacocca said on Thursday he believes he was fired as head of the government advisory commission on the Statue of Liberty restoration because he fought commercialisation of the statue and nearby Ellis Island. lacocca said he was not certainAP - 267 words
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Article820 1986-02-15 3 ARRIVALS Operator Sorrk* nomb«r Local time From MAS CV KAL MAS MAS MAS CAL SIA. AC CPA RBA GIA SIA SIA THAI SIA MAS MAS GIA SIA GIA SIA THAI SIA SIA THAI SIA SIA KLM GIA CPA MAS UL BA MAS MAS AJ MH681 CV796 KE624820 words
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462 1986-02-15 3 NYT PENTAGON OFFICIALS say the 16 geographical choke points referred to on Tuesday by President Ronald Reagan include a variety of ocean transit areas, ranging from the Panama Canal to stretches of ocean that are hundreds of kilometres wide between Greenland andNYT - 462 words
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Article243 1986-02-15 3 AP JAROSLAV JAWORSKY, freed along with Anatoly Sbcharansky in a spectacular East-West prisoner exchange this week, spent eight years in Jail for trying to slip his fiancee out of communist Czechoslovakia. But while he sat behind bars, she married someone else. Mr Jaworsky, 38, walked to freedomAP - 243 words
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552 1986-02-15 3 Flexible reference zones urged NYT FOLLOWING President Ronald Reagan's call for greater exchange rate stability in his State of the Union message last week, the French government is circulating a paper in Washington and other capitals calling for international management of currencies through aNYT - 552 words
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274 1986-02-15 3 UPI PREMIER Margaret Thatcher's government is launching a fourpronged attack against fraud to trap millionaire swindlers who threaten the reputation of London as one of the world's largest financial centres. At stake is a festering financial scandal which became aUPI - 274 words
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532 1986-02-15 3 UPI AFP VENEZUELA, a founding member of Opec, has abandoned official prices for its crude oil and will negotiate export prices on a case-by-case basis. The Oil Buyers' Guide in New York reported on Thursday that Venezuela, which has always been s good soldierUPI; AFP - 532 words
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299 1986-02-15 3 Reuter PROSPECTS of a give-away British budget next month to restore the government's political fortunes have been drastically hit by the fall in oil prices. With the value of North Sea oil hovering around US$l6 a barrel, down from more than $20Reuter - 299 words
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242 1986-02-15 3 Reuter BRITISH companies and research institutes have made a slow start in the race for contracts in the US 'Star Wars' programme, winning orders worth only US$l.4 million. The British Defence Ministry said on Thursday that British companies had won up to 10Reuter - 242 words
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Article68 1986-02-15 3 Reuter THE US and the Soviet Union have formally agreed to resume air service between the two countries on April 29. The agreement, signed by US Deputy Secretary of State John Whitehead and Soviet ambassador Anatoly Dobrynin on Thursday, was an outgrowth of last November's summit meetingReuter - 68 words
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Article, Illustration638 1986-02-15 4 Reuter HOPES of a quick economic recovery in the Philippines are lading and foreign investor patience could run out if political uncertainty after last week's presidential election continues much longer. Businessmen and bankers said there seemed to be no imminent resolutionReuter - 638 words
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Article86 1986-02-15 4 AFP HONGKONG is likely to enjoy an economic growth rate of 6 per cent this year. The forecast by the Standard Chartered Bank in its latest monthly economic indicator was based on an expected upturn of local exports in an improved world economy thisAFP - 86 words
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319 1986-02-15 4 Reuter US SENATE majority leader Robert Dole said in Los Angeles on Thursday he wants the Defence Department to speed up a study on the feasibility of relocating the giant US military bases in the Philippines. But Defence Secretary Caspar Weinberger saidReuter - 319 words
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166 1986-02-15 4 AFP CAMBODIA'S pro-Beijing Khmer Rouge guerillas have announced new steps to promote themselves as liberal democrats rather than the hardline comunists whose policies killed hundreds of thousands o( people. The movement's radio, monitored in Bangkok, said that once Cambodia was rid of VietnameseAFP - 166 words
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120 1986-02-15 4 AFP MALAYSIA IS concerned about the growing apathy of third countries, especially the United States, in accepting Vietnamese refugees, a senior official said in Kuala Lumpur on Thursday. Citing what he called the "compassion fatigue" of third countries, Deputy Home Affairs Minister Radzi SheikhAFP - 120 words
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377 1986-02-15 4 AP US PRESIDENT Ronald Reagan's special trade representative, Clayton Yeutter, denounced on Thursday a decision by Japan to extend its voluntary restraints on car exports, saying it is not the way to ease the USI49-7 billion US-Japanese trade deficit. "The US didAP - 377 words
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218 1986-02-15 4 Reuter US WARPLANES intercepted more Libyan jets over the southern Mediterranean on Thursday as US naval forces continued manoeuvres off the coast of Libya, but no fighting occurred, according to US Defence Department officials. "We have now had numerous aircraft encounters since the operationsReuter - 218 words
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Page 3 Advertisements
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Advertisement79 1986-02-15 3 China Palace Restaurant GONG XI FA CAI 1. RAW FISH/CHINA PALACE COLD DISH 2. "PROSPERITY" SHARK FINS 3. ROAST WHOLE SUCKLING PIG 9-course New Year 4 STEAMED 5. MASHED BEANCURD -^J'] 6. BEAN SKIN ROLLS WITH ASSORTED MEAT 7. PRAWN AND CRAB MEAT WITH BLACK MOSS 8. STEAMED DUMPUNGS'CURRY PASTRY79 words
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Page 3 Miscellaneous
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RAW MATERIALS
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Article757 1986-02-15 4 COFFEE A SHARPLY weaker New York and nervously depressed near terra sentiment weighed heavily on robusta coffee futures on Thursday afternoon to end the day with sharp losses from Wednesday night of £78 to £95 a tonne. At the close, London's second position May was £78 down from757 words
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Article239 1986-02-15 4 WHEAT FUTURES on Thursday closed 3Vi US cents a bushel higher in nearby March, while deferreds dropped sharply led by September, which was down 5 x /t cents. March finished at the top of a 3V« cent range at US$3.35Vi per bushel. The tight deliverable stocks situation remained the239 words
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Article230 1986-02-15 4 SOYBEAN FUTURES on Thursday ranged from up four cents to down Vi cent a bushel at the close on the Chicago Board of Trade. March ended near the top of a 4 3 cent range. The price recovery may have come on short covering off of Wednesday's sharp decline,230 words
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Article159 1986-02-15 4 SINGAPORE THE MARKET yesterday closed higher with March One RSS buyers quoted at 170.00 cents per kilo, up four cents from Thursday. MALAYSIA The market was firmer but trading continued quiet. Current March Int One RSS buyer closed 3.50 cents up on Thursday at 194.00 cents per kilo. Physical159 words
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Article169 1986-02-15 4 MALAYSIAN CRUDE palm oil prices yesterday closed slightly higher on light covering interest. Feb deliveries in the north closed higher at M 5595 per tonne, central at $585 and south at $580, while Mar in the south rose $2.50 to $605. The refined palm oil market also saw169 words
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Article107 1986-02-15 4 •nts/kg, 1-ton poH«t»)^ A^ ARL 86 (current month) (forward month) NOON NOON RAS Buyers S«4l«rs Ivytrt SdUrx SSR 20 173 00 175 OON 174 00 176 OON SSR 50 168 50 I7050N 169 50 171 50N MRELB Buyers Kwycn Setters SMR CV 237 50 239 50N 238107 words
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Article66 1986-02-15 4 Bangkok Broken Rice (USS/tonn*. FOB) A-l Super 140 A-l Special 137 C-l Special unq White Rice C-l Ord unq 100% 1st doss 270 Loonzain Rice 100% 2nd ctoss 245 100% 1st grade unq 100% 3rd closs 240 100% 2nd grade 240 5% 230 100% 3rd grode unq 10% 15%66 words
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Article116 1986-02-15 4 THE KUALA Lamaar Tia Market yesterday raae K cents to a Idle, dealers said. The eeattaaed rise was agala sapperted by itnsg toeal laterest despite the aaeertaiaty ever prespeeto far a rdy settlemeat to the crisis fellewiag reparts the ITC wished to stady the legal aspects sf the116 words
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163 1986-02-15 4 AFP NEW SPLITS have emerged between tin consuming and producing countries on bow to dispose of the enormous stockpile held by the International Tin Council (ITC), sources close to the council said. A disagreement was said to have arisen on Thursday between the council'sAFP - 163 words
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Article146 1986-02-15 4 Chinm Product Exchange S*Acn neon doaing prices on Fa* 14 (SS/100 kj). Coconut oil Bufc F06 60 00 Otd drum FOB 73.00 New drum FOB 77.00 Copra Mixed (kx>*«) 32 buyers Pepper Muntok White FOB NLW 1360 Sarawak White FOB toq NLW 1350 Sarawak special block FOB NLW146 words
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Article314 1986-02-15 4 RAS prices in S c«nt*/kj), FOB n b «iM NOON CLOSE Bwytrt SaNtrs l«T*n ScBcre Int 1 RSS Prompt 169 00 170 00N 169 00 170.00N Int 1 RSS Mor 86 170 00 171 00 170 00 171 00 Int 1 RSS Apr 86 175 50 176314 words
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BANKING AND FINANCE
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Article483 1986-02-15 5 Reuter AMERICAN BANK borrowing and reserve data released by the Federal Reserve on Thursday suggest it is keeping policy steady but may be willing to foster slightly lower interest rates. Economists in New York said yesterday that the banking system in the two-week statement periodReuter - 483 words
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Article, Illustration346 1986-02-15 5 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent A 33-YEAR-OLD Singapore banker and treasury manager, Mr Ho Tian Yee, has been appointed senior vice-president of Bankers Trust of New York. He is the first Asian banker to be promoted to this rank in Bankers Trust, which is America's346 words
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242 1986-02-15 5 Reuter INTEREST RATES paid by British building societies to their depositors might well have to move higher in view of the intense competition (or personal savings. Halifax Building Society nhnirman Richard Hornby told a news conference on the company's results for 1985/86 yesterdayReuter - 242 words
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315 1986-02-15 5 Reuter THERE IS no reason to expect a change in the borrowing target when Chancellor of the Exchequer Nigel Lawson next month presents his budget (or fiscal 1986/87. Mr Lawson and Prime Minister Margaret Thatcher told Parliament on Thursday that the dramatic (allReuter - 315 words
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225 1986-02-15 5 Reuter THE AMOUNT of money raised on the booming London Eurobond market will grow little or even fall in 1986 after years of extraordinary growth, a vice-president of top issuing house Credit Suisse-First Boston (CSFB) has forecast. A total of US$l35Reuter - 225 words
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88 1986-02-15 5 Reuter TAIWAN IS planning to use its huge postal savings to finance major industrial projects in an effort to stimulate domestic investment and spur growth. The central bank in Taipei said yesterday that the public and private projects included machinery, steel, textile and electronics plants.Reuter - 88 words
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Article311 1986-02-15 5 FT VENEZUELA HAS agreed to sign its US$2l.2-billion rescheduling agreement with commercial banks as planned on Feb 26 but changes in the schedule for repayment of principal will be introduced because of the steep fall in oil prices. Agreement on the signing was reached after onlyFT - 311 words
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Article92 1986-02-15 5 SOUTH AFRICAN Finance Minister Barend du Plessis said the financial rand, introduced in September to stem a capital outflow, would be abolished as soon as possible. Speaking in parliament, du Plessis said: "The moment South Africa can afford it again, the financial rand will be abolished.92 words
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137 1986-02-15 5 Reuter INDONESIA HAS awarded a mandate to a group of four Japanese banks for a 100 billion yen 10-year syndicated loan, lead manager Bank of Tokyo said. It said the loan consists of a 60 billion yen domestic tranche, with interest at 10Reuter - 137 words
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367 1986-02-15 5 FT MEXICO will have to demonstrate a commitment to fundamental economic reforms before the United States and international institutions agree to lend it more money, a senior US Treasury official said. The official firmly denied that the US is working on anFT - 367 words
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MONEY AND EXCHANGES
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Article846 1986-02-15 5 SINGAPORE PRE-WEEKEND short-covering and commercial buying yesterday helped the US dollar to rebound and close higher against most currencies, after active and nervous trading. Dealers said the dollar's sentiment was overwhelmingly bearish but most operators covered their short positions ahead of the weekend and Monday's holiday in the846 words
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Article61 1986-02-15 5 Discount Prices At yesterday's close Prices offered by discount houses on Feb 14 3-month Treasury B*s 2 7/8—2 3/4 Overrnght 3 3-month bonk b«s 5 1/8—5 Cod deposits I 3/8—3 3-month CD 5—4 7/8 Sot/ret: Notional 6-month CD J < 0 Discount Company Mcatts the avaraft of the prtm Mta|61 words
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Article381 1986-02-15 5 BA Futures THE SMALLER than expected retail sales and low discount window borrowing on Thursday night saw March Fwsdsllsr opening at 92.02 yesterday, gapped up from Thursday's close. The firm market edged higher triggering off stop orders in active trading during the early session. Uffe opening saw the marketBA Futures - 381 words
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Article226 1986-02-15 5 HONGKONG: GOLD yesterday closed steady but off the day's high in fairly active trading, dealers said. The metal closed at U*****.90/333.30 an ounce compared with New York's 332.40/90 close and the 337.20/70 finish here on Thursday. On the local market, gold lost HKJ4O to close at $3,090 a tael.226 words
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Article47 1986-02-15 5 RESULTS OF TENDER held on Feb 14 for 91-day Treasury bills to be issued from Feb 17 to Feb 20. Offered: 180,000,000 Applied far: $206,000,000 Allotted: $80,000,000 Aeeepted hide: $99.31 approximately 60 per cent. Average rate d daeaut m allotment: 2.740 per cent per annum.47 words
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Article71 1986-02-15 5 THE OVERNIGHT rate on the Singapore interbank money market fell by M point from Thursday to cloee at 5% per cent yesterday. The one-month term rate rose by 1/16 point while the two and threemonth rates remained unchanged. S$ Interbank rates at 7pm yesterday: Offer ltd Overnight 571 words
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Article, Illustration284 1986-02-15 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in thin trading with operators largely sidelined ahead of the weekend. Near term rates lost between 3/16 and 1/16 points at the outset. But they remained unchanged in subsequent trading with overnight closing at 7-15/16 7-13/16 per cent,284 words
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TIME-OFF
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Article473 1986-02-15 6 A SENSE OF HUMOUR is a wonderful thing. Ite UfiMW have never really been noted for iMVfag as tall apart in the aisles but Tokyo has tirara mp a really funny man who, apart from all the way to the bank, had us splitting mm rite this week473 words
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Article, Illustration524 1986-02-15 6 BYRON JOYNER - Premier international performance for Baryshnikov and Isabella Rosselini By BYRON JOYNER FREEDOM IS NOT just a state of mind. It is a state of being, riveted by a sense of belonging. Perhaps this was what directorproducer Taylor Hackford (An Officer and A Gentleman) had in mind with524 words
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626 1986-02-15 6 Reuter A HONGKONG-BASED movie empire, the pioneer of kung fu films, is slashing production amid a boom in video cassettes and sagging demand for Chinese martial arts thrillers. Sir Run Run Shaw, the president of Shaw Brothers (HK), says 10 films would be madeReuter - 626 words
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Article, Illustration1100 1986-02-15 6 What's on from Feb 15-21 CONCERT: 880 featuree Lanny Saputra and Steven Singer. Victoria Concert Hall. S.lspm. Featured are Schubert's Rosamunde Overture, Hugo Alfven's Swedish rhapsody rrudsommarvak a Op. 19, Liszt's fantasy on Hungarian folk themes and Albrechtsberrger's concerto for trombone and string orchestra. Tickets: $4, $7, $10, $15.1,100 words
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159 1986-02-15 6 FRIDAY'S soloist for the SSO concert Is Seow Yit Kin. At the age if 12, Ytt Kin wis Invited by Yehndl Mennhin to Fnglnmi to stndy piam, vkUi aid vtoU at the Mennhln School. Winning the BBC Plane Competition marked the159 words
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Article326 1986-02-15 6 CHEER UP! Septuagenarians. Romance is in the air (or you at least for Rabbits born in the year 1915. For the Year of the Tiger, the horoscope forecasts a year involving decisions on romance for the ole gals and guys celebrating their 71st birthdays in 1986.326 words
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Page 6 Miscellaneous
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Miscellaneous777 1986-02-15 6 CRYPTIC PUZZLE ACROSS 9 Show the salesman you are offended by it (9) 10 Peevishness one laughs oneself sick at? (3, 6) 12 Eat it cold, cut (4) 13 Losing the other contract is a trying experience (6) 14 Calming down on finding the money in a bag (7) 15777 words
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SPORTS
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Article, Illustration647 1986-02-15 7 BRIAN MILLER - By BRIAN MILLER YOU MAY LOOK at it any way you want but there's still no escaping the (act that a lack-lus-tre field will line up to (ace the starter in tomorrow's running of the $125,000 Tunku's Gold Cup over 2,000 m in Kuala Lumpur.647 words
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239 1986-02-15 7 Reuter THE THREE-YEAR BAN on English jockey Billy Newnes will be lifted from July 1, six months early, the Jockey Club announced in London on Thursday. Newnes, who won the Epsom Oaks in 1982 on time charter, was banned inReuter - 239 words
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428 1986-02-15 7 WALTON MORAIS - By WALTON MORAIS CHARITY will be the biggest winner when Warren Golf Club celebrates its 25th anniversary this weekend and the next. Beginning with yesterday's Ladies Open and continuing this weekend and the next with Open competitions in (our divisions for the428 words
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Article, Illustration240 1986-02-15 7 AFP SWEDEN PLACED five of its ever-growing army of young tennis players in the third round of the US$l.B million Players' International Tennis Tournament after early matches in Boca West, California, on Thursday. Second seed Mats Wilander led the way with a comfortableAFP - 240 words
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222 1986-02-15 7 AFP TONY MEO put six years of dreams behind him to claim his first major British snooker title with a 9-7 win over fellow Londoner Neal Foulds in the £80,000 English Professional Snooker Championship in Ipswich, Eastern England, on Wednesday night. Although Meo,AFP - 222 words
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700 1986-02-15 7 AP AUTOGRAPHED PHOTOS of muscled boxing champions share the wall with fading posters for fights of 20 years ago. Trainers lean on the ropes and bark orders to kids sparring in the ring. The sour smell of old sweat hangs in theAP - 700 words
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Page 7 Advertisements
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Advertisement33 1986-02-15 7 Here is the Great, New 1;/: I'J CUSTOM MADE High Quality Persi o 0 o o 5s IJi U ALDING n fc 1 Rtm. Lid. 2 Sngoport Worehouse, ete*: RS *****. CobJe "ALEXKO".33 words
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Page 7 Miscellaneous
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Miscellaneous1138 1986-02-15 7 to to mm 0 v #1 4 t A film that shows gsnsrttion-gap is only in ths mind BATUWPAY NIGHT MOVIE Family Sscrsts 11 JO pm, Channel 5 Looks like another teorjerker for the road. Painful memories are stirred up and issues brought into sharp focus when three generations of1,138 words
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Miscellaneous50 1986-02-15 7 BnStow: FianicDicljeEe WHO Do you suppose me. this VPIUEJ4HNE.? OH, my stJEjex, e>Lou) mot p\nid strong IS v/OOK PiRmS l Do BetONG. so together us spoon LeT3 Fill TVie. Cup BeFoGe H»GM N00N... my H6PIRT O SUGRQ rnirvir spiv nou'll e>e t>n>j vpieisjTtne.' Hou; CAN IT BE DO LPoy P50 words
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INTERNATIONAL STOCKS
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362 1986-02-15 8 UPI THE BIG three US carmakers earned Just over US$B.l billion last year, but massive new product investments, heavy tax bills and costly buyer incentive plans reduced earnings by 17 per cent from the record levels of 1964. For the fourth quarter alone, GeneralUPI - 362 words
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167 1986-02-15 8 AP SWEDEN'S giant motor company Volvo is negotiating a possible merger with British Ley land's ailing bus division. British Trade and Industry Under-Secretary Peter Morrison said that legal representatives for Volvo "have registered that company's interest in a possible merger with Leyland Bus".AP - 167 words
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321 1986-02-15 8 Reuter THE DOW JONES Industrial Average finished at a record high on Thursday for the seventh time in two weeks, aided by a powerful rally in bonds. "The big reason for the market's move is an absence of sellers," said Ricky Harrington ofReuter - 321 words
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Article133 1986-02-15 8 FEB 13 AbM» a 22* i* Imp Oi Inco kit Pro* Plpo kit Ui» I 42* 19* 38* 20* Algomo 19* Kmt Add LoWaw B 17* 24 unch Bonk Atom 28 Vt Mauoy For® Mc BkxM 2* 26* inch inch M Canada BP Can Ltd I. 38* 28 unch133 words
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Article229 1986-02-15 8 Ftl 13 W UriMC 1350 inch MDUSTVIALS Mb MGS A Alpha 1300 50 245 unch unch -10 4150 inch AE And Q 1025 530 Anghoal *****B unch 1620 +10 Amaprop 4000 1500 unch 30 unch -10 ft/Hah Charter 7450 900B -50 60 90 C G Smith CMA 230 Com229 words
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Article599 1986-02-15 8 FEI 13 us* Fr est one Tiro 25 15* 4* 4* Natl Gypuvn Co NCR Corp 46 45* 4* 31* FMC Cp Ford Motor 70* 70* 4* 42 f l J »i f MI I 47* Aftcoo 44* Mocfoft 86* 4* Lud AM Own Cp IS* 48*8 ind)599 words
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Article860 1986-02-15 8 Amsterdam FU IS Ffc AUfcJ 570.00 -0.5 Aagon 104.50 -I S Ahotd 76.20 -0.3 Akio 163.10 unch AMCV 80.30 -1.4 Amfat A/wo Bonk 106.00 -0.8 Barkal 38 00 +1 Bob Bonimq Z! 608.00 +20 Boifcafe Bu Ta» 138.00 unch Catand C<*vt 505.00 -2 Oat Mi Oi«y»ar 171.50 -1.5860 words
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Page 8 Advertisements
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Advertisement573 1986-02-15 8 ft ft Mm m& •r ur I''*4--4 i n *Y Top band nbiwan The* 5 urignq vjtm just fmned 16-montn smgng stmt *1 Japan The vivacious group combines the» musical talents wttt stprrt) tfiowmarHfap to grve top class ffwrcnarmrig ivndDon of Engktf>. Mandam. Japanese. Cantoneseand From Ist January i486 lo573 words
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Advertisement180 1986-02-15 8 Loimss -rr POMRIMATION AND THE PERFECT COMBINATION GOOD MUSIC 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. PUT EVERYTHING INTO PERFECT COMBINATION FOR A PERFECT NIGHT OUT. CROWn ®PWWCE HOTEL HONGBAO FESTIVAL Feb180 words
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ASIAN STOCKS
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Article356 1986-02-15 9 HONGKONG: Share prices closed sharply higher in active trading yesterday, aided by a resurgence of buying interest among institutions and «"«11 investors. Brokers said the Hang Seng Index rose 31.14 points to end at 1,777.54. Sentiment improved with the market shrugging off concerns over the finaivfai health of the356 words
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Article216 1986-02-15 9 FEB 14 Al Sancar* btdut Ana C*m*n« KT 2 36 26 50 0.11 inch Lian Hwa Indus Nan Ya PV» PocrfK Can* PocrfK Elact 14.65 33 90 1920 1550 035 +0.2 +0 1 0.1 32 00 -0 1 Chang Hwa Bank Chan Loona 46 60 23 20 0.4 ■0.1216 words
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Article390 1986-02-15 9 TOKYO: The market average rose 48.96 to 13,342.78, a record closing high and just off an all-time high of 13,355.60 set in the early afternoon yesterday. The previous all-time high was 13,300.58 at the close on Thursday. Turnover was a heavy 670 million shares against 650 million on Wednesday.390 words
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Article54 1986-02-15 9 FEI 14 Pwa Owitd B Phdex B 001 -0001 0.1550 001 Acop Mnng Anglo Phi 0001 unch Ap«x Mining B ***** ***** Arto» Con. B II 50 LTtCh Boguo Go4d 0001 0003 unch 24 +05 106 7 30 +0 1 Fnt Phi hMgs 1.92 +002 0.046 Usipnl Morinduqua B54 words
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Article387 1986-02-15 9 SYDNEY: Markets closed firmer on the release of better-than-ex-pected January balance of payments figures and strong demand for quality stocks. Brokers said that at the close of trading, the All-Ordinaries Index had risen 7.1 points to 1046.7, the All-Industrials 6.9 points to 1596.4 and the All-Resources 7.1 to 624.2.387 words
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Article70 1986-02-15 9 Fit 14 Bonk Seoul Won 656 •3 Hyivtdai Const HyurxJoi Motor KAL 1040 2120 672 +40 -50 -24 610 -5 660 680 +9 1800 -20 505 -5 340 -6 Doewoo Corp 640 -30 Lucky Ltd 864 -16 913 -17 825 20 472 -3 1670 -15 Gold Star 1075 -1570 words
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Article109 1986-02-15 9 BANGKOK: The Securities Exchange of Thailand Index improved 0.50 to 137.28. Turnover amounted to 170,799 shares valued at 18.4 million baht. FEB 14 Mm Sam Gtuan 74 -15 Sam Gty 442 4 Ayultnya In* Sooth Ana Bangkok Agro-kid 24 75 0 25 Tha Cammardai 480 42 Bonk Bank Of109 words
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Article60 1986-02-15 9 Reuter SECURITIES BROKERS will soon be required to submit their accounts to the Hongkong stock ex change on a quarterly basis, and to state their net capital requirement and liquidity margin. A government statement released yesterday said that auditors of registered stock brokers would beReuter - 60 words
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372 1986-02-15 9 AFP MINEBEA 00 has vowed to "fight resolutely" against a hostile takeover bid by a US-British group which applied (or authorisation to increase its stake in the company, a major manufacturer of precision bearings. Minebea president Takami Takahashi also said it was "deplorable" thatAFP - 372 words
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Article133 1986-02-15 9 Reuter THE GROSS PROFIT of India's 417 private industrial companies rose 18.3 per cent to 24.15 billion rupees in the 1964/85 financial year ended March from 20.42 billion previously, a sample study of the companies by state-owned Industrial Credit and Investment Corp of India (Icici) saysReuter - 133 words
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374 1986-02-15 9 Reuter THE AUSTRALIAN National Companies and Securities Commission (NCSC) has asked Bell Resources Ltd for more information before it registers the company's partial bid for 20 per cent of Broken Hill Pty Co Ltd. A Bell subsidiary lodged its draft part aReuter - 374 words
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Page 9 Advertisements
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Advertisement45 1986-02-15 9 <&< H S? IS m v, m m inf The start of an experience so authentic yet unique K. -it- Opening Hours: Lunch: 11 a.m. to 3 p.m. Dinner: 6 p.m. to 10.30 p.m. KINTA-MANI ;ij U»JvI4>IMC LI 4lMUMviii Anuowawuipm Bring the New Year to life!45 words
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Advertisement144 1986-02-15 9 Come. For a groovin' good time Black Velvet Gold; sizzling night spot in the very heart of town Where laser light effects and foot fluttering numbers will make you want to boogie all night long. Black Velvet Gold. Your ultimate destination for a groovin' gooa time No covw chargo during144 words
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Advertisement160 1986-02-15 9 >H m V =4 I* 24 Hours of gourmet delights Daily Set Lunch (Local/Western) Grand High Tea (with wide selection of snacks pastries.) $5.00 Every Tuesday Thursday (3pm to 6pm) Lunar New Year Buffet Lunch Every Saturday of February (12pm to 2 30pm) Adult $14 50 Chrtd $8 50 Exciting160 words
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Advertisement145 1986-02-15 9 MAGICALLY HYATT I*l=l 1 1 1!?! When guests order any beverage, standard or premium, at selected outlets*, they will get a second drink, all for the price of one! It's a magic formula applicable daily at Scott's 5.00 PM 7.30 PM The Lounge 6.30 PM 9.00 PM Chinoiserie 8.00 PM145 words
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Advertisement171 1986-02-15 9 2 Live Buds Ni|kt!yt spm lam (Monday Friday Sunday) spm 2am (Sat eve of public holiday) HAPPY HOURS Spn 7pa (Dally) It's a real happy tima! Juat buy a drink and gat tha second FREE FREE DIAN XIN Patro every 1 /I (CAIRNHILL HOTEL) Ground Floor, 19 Cairnhill Circle, S'pore171 words
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SHAER INFORMATION
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Article, Illustration4130 1986-02-15 10 MOST SHARE PRICES edged downwards on sustained volume on the Singapore stock market yesterday although certain blue chips continued to move ahead. But a handful of actively traded Malaysian counters came under substantial selling pressure. The Straits Times Industrial Index added 1.62 points to4,130 words
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Article236 1986-02-15 10 SINGAPORE Srs"? io« Traaah Mm Syn (m S P H S 1 A Mm EwTSO* H 0 L i C Ut Parfa PW C ft c RiM* 180 82 330 275 620 605 450 255 220 125 80 274 178 Falls 22 15* 12 12 10 10236 words
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Article2695 1986-02-15 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number at shares traded shown in brackets in lots of 1.000 units unless otherwise specified. All Thne Settlement Contracts are quoted after the word "SETT".2,695 words
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Article80 1986-02-15 10 ongapou press mmhv IImWi I: 1st AGM at the Audttorlmn, 2nd Floor, New* Centre, 82 Gen ting Lane, Singapore 1234, today at noon. NEW STRAITS TIME8 Pr» lethnd: 14th AGM at the Tbeatrette, Balal Berlta, 21 Jalan Rkmg, Kuala Lumpur on Saturday, Feb 22, at 1L00 am. KAMUNTDiO80 words
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Article251 1986-02-15 10 Monojfrj pftcti for Feb IS A 17 Singapore Unit Trust The Commerce 086 091 The Savings Fund 077 082 S'poti Prog Fund 034 036 S'pore Sec Fund 056 060 S'pore Invest Fund 049 052 S'pore Equity Fund 039 042 Asia Unit Trust Mai krwe»t Fund 1 34 1251 words
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COMPANY NEWS
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Article, Illustration273 1986-02-15 11 HOCK LOCK SIEW - mow By HOCK LOCK SIEW THERE ARE quite a number of people-intensive local companies which are profitably run and which stand to reap a fruitful harvest from the incentives proposed by the Economic Committee, notably the cuts in employer's CPF contribution and corporate taxes. Today, the273 words
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329 1986-02-15 11 Bernama MALAYSIAN stockbrokers have welcomed but are not excited over plans by a World Bank agency to invest in companies quoted on Third World stock markets, including Malaysia. "There is nothing much to cheer about yet/' they said when responding to a report fromBernama - 329 words
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314 1986-02-15 11 SIGMA INTERNATIONAL, formerly known as Sigma Metal, was put Into receivership by its three debenture holders, according to the appointed receivers anH managers, Peat, Marwick, Mitchell A Co. DBS Bank, Citibank and Bank of America exercised their rights under their respective314 words
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Article, Illustration449 1986-02-15 11 AMY CHEOK - By AMY CHEOK THE AUSTRALIAN authorities are carrying out investigations into the trading of shares in the Sunshine Australia group of companies beaded by businessman Lee Ming Tee. The Australian National and Companies Securities Commission (NCSC) will hold a private hearing to examine449 words
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471 1986-02-15 11 MBT BIDARA HOLDINGS Sdn Bhd which recently acquired a 24 per cent stake in publicly-listed Malaysian Feedmills Ltd, has big plans in the feedmilling busiChairman Mazlan Harun said Bidara's strategy was to acquire a number of uncompetitive and loss-making feedmills in Malaysia andMBT - 471 words
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Article33 1986-02-15 11 MR ONG MUI ENG has been appointed alternate director to Mr Ong Chay Tong in King's Betel Ltd, Heag Letng Finance Ltd and Otagapwe Finance Ltd with effect from Feb 14.33 words
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569 1986-02-15 11 SHARE PRICES buckled under a fresh wave of selling pressure to close easier on the Kuala Lumpur stock market yesterday. With the exception of tin stocks which saw some buying interest, losses were incurred across the board. Industrial stocks bore the brunt569 words
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Article2344 1986-02-15 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. ■DUSTMALS A Owe C 2.205) (1) 2.07 xd AMD (32,344 words
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Article627 1986-02-15 11 LAST FULL YEAR Company Period Dote oinkhmkk) lost yeor Yeor ending Net EPS (cents) Gross div Net profit (5*000) Poiwng Inv Mimbio Muipho Intl Worldwide Hldgs Federal Flour Final Interim Interim Interim Interim Jan 31 Jul 11 Aug 24 Sep 10 Sep 11 Dec 84 Sep 85 Dec627 words
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Article97 1986-02-15 11 HONGKONG Thursday 1591.7 Week ago ***** Hong S«ng Index Fridoy 1777.54 Thursday 1746.40 NEW YORK Week ago 1734.04 Dow Jones Thursday 1645.07* TOKYO Wednesday 1629.93 Week ago 1600.69 Nikkei Average Friday ***** 78* Stondord Poors Thursday *****.80 Thursday 217.40 Week ago *****.13 Wednesday 215.97 Week ogo 213.47 TSE97 words
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Article163 1986-02-15 11 Company RIGHTS ISSUE Alcom Two-for-three $1.00 per share Duta Cons One-for-one $1.10 per shore George Town Two-for-one fe $1.00 per share Kesang Hldgs Three-for-two $1.10 per share KMinghaN Two-for-five $1.15 per share M A A Five-for-one $1.20 per share Peak Huo Three-for-one 1 00 per shore Sateros Res163 words
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472 1986-02-15 12 AMY BALAN - By AMY BALAN LOANS to professionals and private individuals accounted for virtually all the increase in banks' total lending last year as corporate lending declined. Loans to this category of customers rose $482 million to $4-3 billion during the first eleven472 words
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187 1986-02-15 12 AFP THE US DOLLAR hit its lowest level against the yen in seven years yesterday as anger mounted among Japanese exporters hit by the fall, who blamed the country's monetary authorities for their plight. "Let's set fire to the Bank of JapanAFP - 187 words
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Article102 1986-02-15 12 AP JAPANESE chocolate makers expected to sell 40 billion yen worth of candy (or Valentine's Day yesterday. That's about 10 per cent of annual sales. In a land where women give Valentines to men, but not viceversa, about 25 million admirers are not so secret.AP - 102 words
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400 1986-02-15 12 nunwms POLL Reuter THE PHILIPPINE National Assembly may proclaim on Monday that President Ferdinand Marcos is the victor in the Feb 7 presidential election, according to Cabinet ministers. "It is an impressive victory for Marcos," Political Affairs Minister Leonardo Perez said yesterday. The latest figuresReuter - 400 words
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Article, Illustration219 1986-02-15 12 UPI THE NEW YORK TIMES photographer whose life was depicted in the movie, The Killing Fields, was sworn in as a US citizen on Thursday, along with 400 other foreign nationals. Dith Pran, 44, a native Cambodian, stood before Judge Eugene Nickerson in the US DistrictUPI - 219 words
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Article194 1986-02-15 12 Bernama THE MCA said the Singapore reply to Malaysia's protest note over Mr Goh Chok Tong's remark regarding the party is "acceptable on diplomatic terms". MCA Secretary-General Datuk Lee Kim Sai felt the reply was but short of an apology. In a statement issuedBernama - 194 words
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Article96 1986-02-15 12 SINGAPORE is looking into the possibility of importing vegetables, fruit and fish from union co-opera-tives in Indonesia. This was discussed between the union leaders of Singapore and Indonesia, said Mr Ong Teng Cheong, the secretary-general of the National Trades Union Congress. The Second Deputy Prime Minister,96 words
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204 1986-02-15 12 UPI TOYOTA MOTOR Corp, the Japanese affiliate of General Motors Corp, said yesterday that it may suffer the first current account loss in five years because of the sharp appreciation of the yen. The company, Japan's top car manufacturer, said it managed aUPI - 204 words
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293 1986-02-15 12 UPI CHINA'S U million fledgling private enterprises almost doubled their output value last year but this massive growth has not been without problems. The official Economic Daily newspaper said yesterday that the output value of the country's private enterprises, ranging from fruit cartsUPI - 293 words
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Article82 1986-02-15 12 LIM SIONG GUAN has been appointed the chairman of the Central Provident Fund Board by the Acting Minister for Labour with effect from tomorrow. The appointment was left vacant with the retirement of Mr Tan Chok Kian on reaching the age of 55. Mr Tan82 words
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183 1986-02-15 12 FT MORE THAN 3.4 million visitors arrived in Hongkong in 1965, up by 9.3 per cent from 1964, and boosting tourism earnings by 5.5 per cent to HK$l4.B billion, according to figures released yesterday by the tourism body. Tourism is Hongkong's thirdFT - 183 words
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Article47 1986-02-15 12 Reuter HONGKONG manufacturers expect a mild decline in business during the first quarter. A survey of 1,000 companies by the Census and Statistics Department showed that those in the textile, clothing, electrical machinery, fabricated metal and appliances Industries predicted a modest decline. ReuterReuter - 47 words
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Article78 1986-02-15 12 Reuter THE US is pondering a major diplomatic move in Asia the airlift of 1,400 kg of elephant from Thailand to Sri Lanka. A decision is expected by today on whether to fly Plai Prathupha to Colombo to take up a new life as ceremonialReuter - 78 words
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Article62 1986-02-15 12 THE US stock market turned mixed in moderate trading yesterday after finishing at a record high on Thursday. The Dow Jones industrial average was off one point to 1644. Advances led declines by a three-two margin on a volume of 11.45 million shares. Broader indicators also were62 words
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Article936 1986-02-15 12 Reuter SHARE PRICES gained at the outset yesterday following Thursday's modest advance, with sentiment helped by Wall Street's record close. Buying interest was selective, with narrow gains. At 11.00 am, the FT 30 Index was up 3.5 points at a record 1,216.0 and the FTSE 100 Index wasReuter - 936 words
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LATE FILE
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Article33 1986-02-15 12 Reuter LEADING South Korean dissidents Kim Dae-Jung and Kim Young-eam were under house arrest yesterday and police detained 16 of their supporters as a confrontation between government and opposition worsened.Reuter - 33 words
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Article31 1986-02-15 12 AFP UNEMPLOYMENT in Taiwan hit a record high of 2.91 per cent last year, the directorate general of budget, accounting and statistics said in Taipei yesterday. AFPAFP - 31 words
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Article40 1986-02-15 12 AFP SOUTH KOREAN overseas construction companies have suffered considerable financial losses as they were paid in oil and not cash for work done in Libya and Iraq, industrial sources said in Seoul yesterday. AFPAFP - 40 words
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Article35 1986-02-15 12 AFP THE GOVERNMENTS of the European Community have Jointly asked the European Court in Luxembourg to order a cut in the 1986 EC budget as drawn up by the European Parliament.AFP - 35 words
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Article31 1986-02-15 12 AP FORTY-ONE PICKETS were arrested from among 3,000 fired printers and leftists supporters who were besieging press magnate Rupert Murdoch's printing plant, police said in Loodon yesterday. APAP - 31 words
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Article47 1986-02-15 12 Bernama THE MALAYSIAN National Sports Council in Kuala Lumpur is expected to have information on world sports at its fingertips when its computer system is linked with sports data centres in Australia, Canada, Federal Republic of Germany and the United Kingdom. Ber-Bernama - 47 words
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Article63 1986-02-15 12 Reuter A CURFEW was clamped on parts of the Indian capital of New Delhi yesterday after at least 50 people were injured in fighting between Hindus and Muslims. Police in riot gear used tear gas to disperse about 3,000 people hurling stones and smashing cars andReuter - 63 words
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Article39 1986-02-15 12 AP GREEK captain Dimitris Georgoulis was sentenced to 12 years in prison for his role in the deliberate sinking of a Liberian-registered supertanker, the Salem, in one of the biggest marine fraud cases on record. APAP - 39 words
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Article38 1986-02-15 12 AP ISRAEL'S inflation rate was negative for the first time in 14 years as the price index fell by 1.3 per cent in January, the Central Bureau of Statistics announced in Tel Aviv yesterday. APAP - 38 words
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Page 12 Advertisements
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Advertisement174 1986-02-15 12 Malaysian Tobacco Company Berhad NOTICE OF MEETING NOTICE is hereby given that the TWENTY-NINTH ANNUAL GENERAL MEETING of Malaysian Tobacco Company Berhad will be held at the Ballroom, Hotel Equatorial, Jalan Sultan Ismail, ***** Kuala Lumpur on Wednesday, 12th March 1986 at 11.30 a.m. for the transaction of the following174 words
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Page 12 Miscellaneous
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Miscellaneous53 1986-02-15 12 WiEVATiHEiR Outlook for todoy: Showers in o few oroos in the pro-down hours Report for 24 hours prior to 7 30pm on Feb 14 ot the airport: Maximum temperature 32.3 Associated humidity 57 Minimum temperature 23.5 Amwiiitxl humidity 92 Hours of sunshine 5.00 troce RoinfoN this month 26.7 Roiny days53 words
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