The Business Times, 5 April 1986
1986-04-05
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The Business Times
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Title Section12 1986-04-05 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, APRIL 5, 198« 75 CENTS12 words
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Article, Illustration531 1986-04-05 1 LOH HUI YIN - By LOH HUI YIN TOP MANAGEMENT changes have been made in key economic agencies under the Trade and Industry Ministry to improve links among them and ensure well-coordinated policies and programmes, said a ministry statement. A common thread running between two of531 words
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Article104 1986-04-05 1 AFP ASEAN has drafted a detailed plan to settle the seven-year-old conflict in Cambodia. The Far Eastern Economic Review said yesterday that the blueprint, to be finalised during the annual Asean ministerial meeting in Manila in June, proposes to station an international peacekeeping force alongAFP - 104 words
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567 1986-04-05 1 RICHARD SEAH - Sweeping changes to be introduced under proposed Act By RICHARD SEAH, Special Correspondent WIDER POWERS are in store for both the police and copyright holders under the Copyright Bill. When it is passed, copyright offenders and suspects will find it harder567 words
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503 1986-04-05 1 THE PHOTOCOPYING business could be headed for a sudden sharp decline once Singapore's new copyright laws take effect. Businesses that are bound to be affected range from the big suppliers of photocopying machines Xerox, Ricoh, Canon, Toshiba, Sharp and others down to503 words
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223 1986-04-05 1 Reuter THE FIRST major realignment of European Community (EC) currencies in three years is underway following France's request for an emergency meeting to seek an effective devaluation of the franc. Finance officials and central bankers in the EC's monetary committee were scheduled toReuter - 223 words
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Article, Illustration79 1986-04-05 1 SHAKE PRICES fell mnm the baard yesterday to stoplsss At the elase, the Btralts Times Industrial Index was 4il paints town at «BJI while the mere hrnadly based BT Csmpasite Index fell hy 3.97 ta 493.25. Tnrasver was law with ealy ».73 mllHau shares werth $17 J mOHsa79 words
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224 1986-04-05 1 Reuter INTEREST RATES on housing loans will be cut, capital spending brought forward and import fairs promoted under a coming package to stimulate Japan's economy. Government ministers and officials in Tokyo said yesterday that the package, to be formally announced on Tuesday, will alsoReuter - 224 words
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127 1986-04-05 1 AP THE JAPANESE government yesterday said it will ask department stores and supermarkets across the country to cut prices of imported goods so Japanese consumers can benefit from the yen's recent rapid rise against the US dollar. Another aim is to promote sales ofAP - 127 words
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123 1986-04-05 1 Reuter THE MAKERS of China's colourless but fiery maotai liquor plan to boost distillery capacity to meet booming demand, the China Daily said yesterday. Demand for the grain-based drink, the favourite for toasts at official banquets, continued to outstrip supply in spite ofReuter - 123 words
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111 1986-04-05 1 PIPED MUSIC in hotels and shops will not constitute copyright infringement under the proposed new copyright laws. But places of entertainment will not be exempted, nor will "live" entertainment. The Copyright Bill seeks to exempt public performances at such premises if they are provided111 words
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Page 1 Advertisements
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Advertisement70 1986-04-05 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM The World's lGolf Club, Reason 1: TOPS IN DISTANCE Yamaha s Carbon Composite ctubs can withstand stress and strain under an weather conditions, giving uniform high performance throughout and retain their initial performance much longer than otm types. YAMAHA «INTF LAMCARBON f|J 111 >Xv70 words
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Advertisement233 1986-04-05 1 SHARE MFORMATION MONEY EXCHANGES RAW MATERIALS TV ft RADIO OUR VIEW IT'S DESCRIBED os the Rainbow Revolution the apparently popular pastime of homespun American gardeners to grow strangely coloured vegetables from inside-out radishes to blue potatoes. But sanity is returning to the backyard patch; one US lody has decided that233 words
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Advertisement86 1986-04-05 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM At Banque Indosuez, we turn challenges into opportunities. We have applied our expertise in Treasury, Foreign Exchange and Capital Markets and have designed new products, techniques and strategies to help you cope with increasingly complex and difficult currency and interest rate markets. Banque Indosuez86 words
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HOME NEWS
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445 1986-04-05 2 LOH HUI YIN - By LOH HUI YIN EMPLOYEES of oil companies, who generally receive a good overall remuneration package, are in for some belt-tightening. For a start, an indefinite wage freeze has been clamped on 400 management and other non-bargainable staff of Esso from the beginning of445 words
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448 1986-04-05 2 LISA LEE - By LISA LEE HOUSING and Development Board shop tenants could save more than $100 million with the rent rebates and tax concessions to be given over the next two years. The rebates include a 15 per cent rent concession to all tenants registered between448 words
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Article, Illustration202 1986-04-05 2 LEGEND AND REALITY is the best way to symbolise Singapore, the American Society of Travel Agents (Asta) has decided. The logo for Asta's 56th congress, to be held here from Sep 21-26, juxtaposes the Merlion, a tiger's head, a pagoda, travellers palm fronds, and an202 words
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418 1986-04-05 2 TWO ROUNDS of air talks at government level are scheduled in the next two weeks with Thailand and New Zealand to get more frequent flights for Singapore's national carrier. Talks with Thailand are lined up on April 7 and 8 in418 words
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Article77 1986-04-05 2 UNITED AIRLINES is the latest client (or Singapore Airport Terminal Services (SATS), bringing to 34 the number of airlines being serviced by SATS. SATS provides ground handling support at Changi Airport for United Airlines, which operates daily scheduled services to Singapore following its takeover this year77 words
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102 1986-04-05 2 A TEAM from the Shandong Provincial Economic Development Board of China is now in Singapore to explore various joint venture opportunities with local statutory boards. The six-member delegation led by Liang Bu Ting, the for- mer governor of Shandong, arrived on March 31 at the102 words
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172 1986-04-05 2 WHILE most companies change their names the moment they change owners or keep the original for good, it took a year for NTUC Travel Services Pte Ltd to become Neptune Travel Services. The Singapore Labour Foundation sold its $700,000 share capital in NTUC Travel to172 words
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Article117 1986-04-05 2 JURONG TOWN Corporation's 114 million software technology building in Science Park, which was scheduled for completion this month, will be ready in six months. Work on the four-storey building began in November 1984. It is being built by Tan Peng Construction (Pte) Ltd, and117 words
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300 1986-04-05 2 THE POST OFFICE Savings Bank has been elected to the chair of the board and executive committee of Nets (Network for Electronic Transfers). Nets is the company formed by the POSB and four local banks to operate the electronic funds transfer at point of300 words
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204 1986-04-05 2 TRADE DEVELOPMENT BOARD chairman Chandra Das will lead a mission to Burma to explore ways of improving trade and economic relations between the two countries. The mission, consisting of government officials and representatives from the private sector, will leave on Monday. This is204 words
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Article, Illustration394 1986-04-05 2 PRIME MINISTER Lee Kuan Yew has Indicated that he may delay his planned retirement by one or two years if the economy does not improve. Asked by the International Herald Tribune whether the country's economic difficulties would cause him to postpone394 words
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Article694 1986-04-05 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arriyol Departure KEPPEL WHARVES Costono Equator V Fengqing Frances Bay Jeekjn Shah Rajah Brooke B Progott BoJan K32 K23 K31 K27 K28 K25W K20 K11 Sta Shpg Thong Soon Y Fung Malay St SWe Shp Unipacific Eastern M alongside alongside alongside694 words
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BANKING AND FINANCE
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Article971 1986-04-05 3 SINGAPORE THE US dollar yesterday closed sharply higher against the French franc but narrowly mixed against other major currencies, in thin and nervous late trading. It was quoted at a late 7.5200/5700 French francs compared with an early 7.4500/4800 and New York's 7.4450/4650 close. It ended slightly higher971 words
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Article229 1986-04-05 3 Interbank rates at 3pm yesterday: Cucroodoo Nominal ratM 8« Offor ei fflttfttofiim rooa parity ctwige Local dollars to on* unit of foreign currency: US dollar 2.1890 2.1900 2.8196 -22 36 Sterling pound 3 1828 3.1886 7 3469 -56 68 Austrokon dollor I 5738 1.5768 3 4286 -54 10229 words
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Article367 1986-04-05 3 EURODOLLAR futures yesterday opened on a bearish tone, gapping down from Thursday's close in response to post futures cash market losses in the bonds. After opening at the day's high of 92.98, the June contract eased to 92.55 before prices firmed in an attempt to close the interexchange gap367 words
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Article50 1986-04-05 3 RESULTS OF TENDER held on April 4 for 91-day Treasury bills to be issued from April 7 to 11: Offered: $130,000,000 Applied far: $203,000,000 Alletted: $130,000,000 Accepted bids: $99.35 approximately 91 per cent, higher bids in full. Average rate d dteeeeat ea allotment: 2.585 per cent per annum.50 words
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Article292 1986-04-05 3 HONGKONG: GOLD yesterday closed little changed in thin and trading in the absence of fresh factors. Dealers said traders had no incentives to enter the market and were awaiting the outcome of US Vice President George Bush's trip to the Middle East, which they hope could shed some light292 words
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Article69 1986-04-05 3 THE OVERNIGHT rate on the Singapore interbank money market rose 3/8 point from Thursday to close at 4-3/4 per cent yesterday. The one-month term rate rose 1/8 point while the two and three-month rates remained unchanged. S$ Interbank rotes at 7pm yesterday: OHf 6>d Overnight 4 3/4 469 words
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Article, Illustration328 1986-04-05 3 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet pre-weekend trading. Short-dates were steady to slightly lower at the outset and remained unchanged subsequently. Weekend, Monday/Tuesday and week fixed closed at a common 7-9/16 7-7/16 per cent. Period rates were little changed from earlier levels328 words
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374 1986-04-05 3 AP THE US is sending signals that it has given up, at least for the time being, efforts to drive down the value of the dollar. The administration has said nothing publicly about the dollar's value since early last month and anAP - 374 words
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161 1986-04-05 3 Reuter US BANK BORROWING and other data by the Federal Reserve show it is maintaining a very accommodative stance, perhaps as a prelude to nearterm policy easing. The Fed announced on Thursday that discount window borrowings less extended credits in the weekReuter - 161 words
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204 1986-04-05 3 Bernama MALAYSIA'S insurance industry moved a step ahead with the launching of the country's first and whollyowned local reinsurance brokerage firm, Peraas Reinsurance Brokers Co Ltd (PRB). The firm, Malaysia's first professional reinsurance broking house, will help overcome the shortage of local insurance andBernama - 204 words
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108 1986-04-05 3 Reuter TOTAL CONTRACT volume on the London International Financial Futures Exchange (Liffe) during March was 517,746 lots, up from February's 433,234 contracts. The International Commodities Clearing House (ICCH) said yesterday that this was sharply above the year-ago total of 303,122 contracts, although the MarchReuter - 108 words
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Article44 1986-04-05 3 Reuter NATIONAL AUSTRALIA Bank Ltd yesterday said it will lower its base lending rate to 19.25 per cent from 19.75, effective April 7. Its benchmark rate, based on short-term changes in marginal cost of funds, remains at 19 per cent. ReuterReuter - 44 words
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Page 3 Advertisements
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Advertisement221 1986-04-05 3 Why you shouldn't even think of doing business with Europe, the U.S. or anywhere in the world without reading The Economist, In a word, insight. Insight into events that are shaping the world of business around JL are shaping the world of business around the corner and around the world.221 words
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OVERSEAS
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676 1986-04-05 4 Reuter CHEAP OIL has opened vistas of inflation-free growth in the industrial nations, but as crude prices slip towards single digits, a feeling is starting to surface that you can have too much of a good thing. In Western Europe and Japan,Reuter - 676 words
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207 1986-04-05 4 UPI THE ECONOMIES of Eastern Europe, squeezed by the rising cost of Soviet oil and diminishing Western credits, will experience slow growth in this decade. "Austerity appears to be the likely economic policy" of Eastern Europe in the 1980s, says a study byUPI - 207 words
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333 1986-04-05 4 THE SOVIET UNION will cut its imports by between a quarter and a third this year. Foreign Trade Minister Boris Aristov told Western diplomats in Moscow yesterday that the cutback in Soviet imports from Western industrialised countries, which totalled US$26 billion last year,333 words
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420 1986-04-05 4 FT THE CHINESE government has announced the indefinite postponement of a major nuclear power project, and emphasised that all future plants will be built for the most part with Chinese equipment, in a significant slowing down of its nuclear programme. Chinese vice-premier Li Peng saidFT - 420 words
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Article282 1986-04-05 4 FT EUROPEAN COMMUNITY countries and officials have started to draw up a list of American products on which import restrictions could be placed next month. The restrictions are in retaliation for a series of quotas the US decided late on Wednesday to place on EC products.FT - 282 words
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235 1986-04-05 4 UPI LATIN AMERICAN leaders, some labelling US support for rebels in Nicaragua as a "scandal", have expressed fear that the nation's civil war may engulf the entire hemisphere. "The danger of a hemispheric confrontation that can endanger relations between our countries and even worldUPI - 235 words
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168 1986-04-05 4 UPI MIROSLAV MEDVID, the seaman who apparently tried to defect last year and then chose to go home, has been quoted as telling the US Congress to stop writing to him and "take up other really important" issues. Medvid, 26, toldUPI - 168 words
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Article, Illustration172 1986-04-05 4 AP A SEVEN-HECTARE country estate owned by Philippine President Corazon Aquino and her late husband, Benigno Aquino, is (or sale (or US|SOO,OOO. Benigno Aquino, who was a chief opponent of former Philippine president Ferdinand Marcos, purchased the house in 1981, about a year afterAP - 172 words
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Article108 1986-04-05 4 SPAIN will not grant asylum to former Philippine president Ferdinand Marcos despite requests from Washington to do so. Foreign Minister Francisco Fernandez-Ordonez made the announcement in Manila on Thursday after meeting Philippine President Corazon Aquino. The decision further complicates the personal situation of Mr Marcos,108 words
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336 1986-04-05 4 UPI LIBYAN LEADER Muammar Gaddafi describes himself as a lonely poet who likes classical music, writes short stories and cries from time to time in private. In an interview published in the West German magazine Buate, Gaddafi discussed his views on marriageUPI - 336 words
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321 1986-04-05 4 Young Rubicam calls off contract with Waldheim UPI. AP THE WORLD'S largest advertising agency has quietly cancelled its contract with former United Nations secretary-general Kurt Waldheim because of allegations that he was a Nazi war criminal. Young t Rubicam, a New York-based firm with many Jewish clients, cancelled its contractUPI.; AP - 321 words
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Article843 1986-04-05 4 ARRIVALS Operator S«mci number Local time From SIA UA MAS CAL MK MAS KAL CV MAS MAS CAL SIA CPA AC RBA GIA SIA SQ1I7 UA805 MH7240 CI333 MK746 MH68I KE624 CV796 MH811 MH67I CI806 SQI03 CX7I0 AC858 BM2I GA960 SQ105 0005 0010 0210 0315 0755 0820843 words
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271 1986-04-05 4 AP THIRD WORLD textile exporters have called (or a phasing out of the Multi-Fibre Arrangement, an 11-year-old agreement regulating international trade in clothing and textiles, saying the time is ripe for developed countries to open their markets. Felipe Jaramillo of Colombia, speakingAP - 271 words
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Page 4 Miscellaneous
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Miscellaneous65 1986-04-05 4 Doonesbury m m. t i L.'..viv.'»v AHPHEMSNTJUST MTCHIN6 VIDEOTAPES, HE WAS PROPUQHG 'SM, TOO! CHECK OUT this Lima m him HE MADE OF A PARTY HE THREW FOR THE NURSES! m BY GARRY TRUDEAU OH, OH, NO.. IS THAT AWESOME TO THE MAX Oft WHAT* hP mm 1 1 1..65 words
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RAW MATERIALS
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Article314 1986-04-05 5 RAS prices in S cents/kg, FOB in 1 ImIcs NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 154 50 155 50N 154 50 155 50N Int 1 RSS May 86 156 00 157 00 155 50 156 00 Int 1 RSS June 86 158 50314 words
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Article94 1986-04-05 5 (cents/kg, 1-ton pallets) MAY 86 JUNE 86 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 157 00 159.00N 158 00 160.00N SSR 50 153 00 155.00N 154.00 156 00N MRELB Buyers Sellers Buyers Sellers SMR CV ***** 21 S OON 214.00 216.00N94 words
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Article140 1986-04-05 5 Chinese Produce Exchange Sellers' noon closing prices on Apr 4 (SS/100 kg). Coconut oil Bulk FOB 50.00 Old drum FOB 63.00 New drum FOB 67.00 Copra Mixed (loose) 28 buyers Pepper Muntok White FOB NLW 1270.00 Sarawak White FOB faq NLW 1255.00 Sarawak special black FOB NLW 805140 words
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Article77 1986-04-05 5 NO PRICE was fixed sn the KLTM yesterday. Is Thailand, the Mineral Ressnrees Department said it set Its tin prlee at 8,791.1S bah t/pica I (M kllss), dswn frsm 8,8H.#5 sn Thursday. The department said the price is eqaal te ahsnt M$l4.M/klls, the price fixed hy the KLTM77 words
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Article66 1986-04-05 5 Bangkok (US$/toone, FOB) White Rice 100% 1st closs 245 100% 2nd closs 220 100% 3rd closs 215 5% 205 10% 200 15% 195 20% 185 25% 175 35% 170 Broken Rice A-l Super 195 A-l Special 112 C-l Special unq C-l Ord unq Loonzain Rice 100% 1st grade unq66 words
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Article171 1986-04-05 5 WHEAT FUTURES on Thursday ranged from unchanged in spot May to off 3-1/2 US cents in new crop July at the close on the Chicago Board of Trade. July ended near the bottom of 3-1/2 cent range. New crop months declined along with other grain and soybean prices, with171 words
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Article170 1986-04-05 5 HEAVY professional house selling on Thursday sent soybean futures on the Chicago Board of Trade down for losses of 13-3/4 to 11-1/4 US cents a bushel at the close. May ended near the bottom of a 13-1/2 cent range at U555.26. C and D Commodities sold between 10 and170 words
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Article275 1986-04-05 5 SINGAPORE THE MARKET yesterday closed lower with May One RSS buyers quoted at 155.50 cents per kilo, down two cents from Thursday. Long liquidation and lower Japanese advices caused prices to fall 2.50 cents in quiet morning trading. Prices hovered narrowly in dull afternoon trading due to lack of275 words
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Article111 1986-04-05 5 MALAYSIAN palm oil futures yesterday closed unchanged to slightly lower on late weekend covering interest after falling initially on further profit-taking to the recent upsurge. Sharply lower Chicago soyoil futures also weighed on early levels. Trading was again active. June closed Mss lower at $660 per tonne and111 words
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Article99 1986-04-05 5 Reuter THE BRAZILIAN Coffee Institute, IBC, is considering changing its retention system. Traders said the IBC may abolish the clause referring to its right to purchase retained coffee at a predetermined price. Exporters said the IBC is also considering raising the volume of coffee to beReuter - 99 words
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Article252 1986-04-05 5 Reuter THE REAGAN Administration, responding to appeals from worried Latin American governments, has decided that the US will continue to participate in the International Coffee Agreement in spite of misgivings about the accord, US government officials said. The decision means the administration must submitReuter - 252 words
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Article888 1986-04-05 5 COFFEE COFFEE ROBUSTA futures on Thursday closed easier, down £32 to £15, with midday losses extended after a lower opening in the New York market. At the close July was £2,398/2,400 against Wednesday's final £2,425/2,430. It set a low in early morning trading of £2,380 a tonne after888 words
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Page 5 Advertisements
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Advertisement160 1986-04-05 5 hrn \ou\c sc jmcl hirm importent t( ml<) «\t the end <>1 \c >ur jc >urne\ 11\ M h«n l\u 11 ic C V 1 .-Htfcr "3w jKBSi There's no better way to fly to Hong Kong than with Cathay Pacific's twice daily, direct service from Singapore. And you can160 words
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TIME-OFF
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Article531 1986-04-05 6 VEGETABLES are good for you; lots of good, fresh, crunchy orange-coloured carrots, heaps of green cabbage, potatoes in a nice neutral white, all to keep the system in good working order, the complexion glowing, the eyes sparkling. It might be advisable to wash them all531 words
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Article, Illustration1469 1986-04-05 6 JEFFREY TSANG - By JEFFREY TSANG APPREHENSION was stamped over the faces of all the 40 drivers who had turned up for the Singapore Motor Sports Club's annual advanced driving course. It was Good Friday and surely all had better things to do than to spend the day learning hopefully1,469 words
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Article, Illustration194 1986-04-05 6 BT's April Fool's Day report about Singapore's own domestic airline services was not the first time the subject had been aired (if that is the right term). It was also raised in an agreement between Singapore and China to cooperate in air services, reached in May194 words
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Article948 1986-04-05 6 What's on from Apr 5-11 IHBMRHHMMRi Wr CONCERT: HandeTa M—iish Singapore Symphony Chorus featuring Juliet Booth, Rachaal Hallawatl, Timothy Robinson and Robart Poulton. Victoria Concert Hall. 8.15pm. Conducted by Eric Ehcson. Tickets at $4, $7, $10, $15 and available from Victoria Concert Hall, Tangs Superstore and Cold Storage Centrepoint.948 words
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Article, Illustration131 1986-04-05 6 THE WELLS CATHEDRAL Choir from Somereet in tho UK which hM existed since 1136 will bo in Singapore for a threeday visit, and will give a conoort in St Andrew'a Cathodral at 7.90pm on Monday, April 7. Tho choir, consisting of 10 Gentleman of131 words
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Page 6 Miscellaneous
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Miscellaneous771 1986-04-05 6 (MDSSOSM!) CRYPTIC PUZZLE ACROSS 9 Romeo with a great deol of curly hair and a bald patch (8) 10 Ring us back about the money (3) 11 k game to break into pictures (6) 12 With the exception of ninety-nine officers, volunteers (6) 13 What grew in Cinderella's garden? (7)771 words
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SPORTS
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Article, Illustration666 1986-04-05 7 WALTON MORAIS - MASTERS 1986 By WALTON MORAIS ON A DAY when golf finally took centrestage, Filipino Roger Antonio fired a four-under-par 67 yesterday to take a two-stroke lead into today's final round of the $80,000 Rolex Masters golf championship at Bukit. The 37-year-old holed six birdies to lead666 words
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164 1986-04-05 7 AFP THE SEMI-FINALS of the European zone qualifying event for this year's Dunhill Cup team golf tournament place feature Ireland against Italy, and Sweden against France. Ireland whose top-flight team is expected to win a place in the final phase at SaintAFP - 164 words
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Article, Illustration647 1986-04-05 7 RONALD KOW - By RONALD KOW EVERYTHING was just fantastic. That's the best way to describe Wednesday's Malaysia Cup soccer match at the National Stadium in which Singapore beat Federal Territory 1-0. Everything except maybe the raindrops that kept falling on our heads in the647 words
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176 1986-04-05 7 Reuter BRAZILIAN Football Association (CBF) officials said they had decided to drop left-wingers Eder and Sidney from their World Cup squad, calling uncapped Edivaldo to replace them. The officials said on Thursday that Eder, who reached international fame in the 1982 Cup finalsReuter - 176 words
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658 1986-04-05 7 BRIAN MILLER - By BRIAN MILLER PETER JOHNSON, who earlier in the week was granted a full season's licence to ride on the local circuit, is the jockey to follow on the opening day of the Sultan of Selangor's Gold Cup meeting starting in Kuala Lumpur658 words
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321 1986-04-05 7 UPI FORM HORSES should dominate Liverpool's grand national steeplechase today although a dark horse from the eastern bloc could demonstrate once again that logic is the most common victim of the Aintree Race's 30 demanding fences. All the winners and almost allUPI - 321 words
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Article242 1986-04-05 7 AP TOP-RANKED Ivan Lendl has withdrawn from the U*****,000 Buick WCT finals, leaving the Dallas event without three of tennis's top four man stars. Lendl withdrew after aggravating a knee injury in a tournament at Chicago last Sunday, according to Tom Koch, the directorAP - 242 words
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Page 7 Miscellaneous
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Miscellaneous1052 1986-04-05 7 w m mm SATURDAY NIQHT MOVIE Shadows of Illusion 12.05 am, Channel 5 An American model on assignment in Egypt finds herself caught in a tangle of intrigue. To start with, she cannot locate the client she is supposed to be doing business with, and a breakdown of international phone1,052 words
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Miscellaneous20 1986-04-05 7 BriStcNT :itez&Du*Ens u>c come up ON THE. Shne TR.fwn BUT A F«(?ST CLRSS He U>ORKS IM THE. L ACCOUNTS, g&r^P^g20 words
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INTERNATIONAL STOCKS
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396 1986-04-05 8 Reuter DIXON GROUP PLC's £1.27 billion bid for Woolworth Holdings PLC is opportunistic, and success is likely to benefit a company that has already won advantages from takeovers. Industry analysts say the bid is also the latest move in the restructuring ofReuter - 396 words
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Article96 1986-04-05 8 Reuter THE UK Trade and Industry Department has cleared plans for three mergers involving London stock exchange firms and banks. It cleared the merger between Hill Samuel Group PLC and brokers Wood Mackenzie and Co, the merger between Banque Bruxelles Lambert SA and brokers Williams deReuter - 96 words
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320 1986-04-05 8 Reuter WALL STREET stocks skidded sharply lower on Thursday, as investors dumped stocks in what has the earmarks of the first major correction since the bull market started last year. It was the second big loss this week. Much of the damage wasReuter - 320 words
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Article130 1986-04-05 8 Aft 03 Abitfci C$ 23% Imp Oi Inco Int Pro* P*>« 46 22* 43* 45 23* unch K«t Add 164 Lotto* B 26* 4 32* Motsty F«rg 2* Bonk Nova Scotia 13* 39* unch -It Mc BkxM Moteon A 29 25* Moor* Cp 34* •1* 23 Norando Can Imp130 words
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Article197 1986-04-05 8 AM 03 loud UraMC Woohumth 1375 25 MOUSTVMLS MIMNGS A Alpha 1100 205 unch unch unch -10 unch 5 -100 Anglos 4415 65 ***** -900 B^yoof* 1625 25 Buttah 7400 150 Chortar 1200 100 C G Snath 2725 Cora GoM 2260 160 CNA 240 Cora Mcrch 1050 25 -15197 words
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Article680 1986-04-05 8 AM 03 us$ Ale an Atumai Alcoa Alaghany Lud Altd Own Cp AIM Storm Afts-Chalmars Am Brands Inc Am Broodcost Am Can Co Am Cyanamd Am Bac Pwr Am Exprass Am Homa Prod Am Motor* Cp Am Notu-al Gin Am Td Tal. Amos Inc Amarodo Hevs AMf Inc680 words
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Article845 1986-04-05 8 Amsterdam API OS Fh ABN 597 50 1.5 107 50 ♦0 1 Ahold 85.00 4-0.2 ***** 2 3 AMCV 78.70 -06 Amtat 106 90 -1.5 32.00 -0.8 Bob 673.00 •3 Botkofa Bur Tat ***** ♦1.5 Cotand 578 00 8 Dai M, Efcanar 186.00 1.5 42.80 13 Fofckar 84.00845 words
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Page 8 Advertisements
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Advertisement509 1986-04-05 8 421 I; i#=P International Buffet Att $10.50* ONLY id v w ■m *G ?-de Mr r" SAt k L. FERN TREE CAFE The Fare: Besides a sumptuous international buffet, come and savour our air-flown oysters from New Zealand at $1.25* per piece. Daily from 11.30 am to 2.30pm. The Price:509 words
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Advertisement212 1986-04-05 8 London stocks, Pago 11 4 m it Compliments of the house At Feng Cheng Lou.Teochew Seafood is our speciality And to salute all you good customers, a free dish of deepened prawn meatballs is yours when you order from the a la carte menu. Come soon for lunch or dinner212 words
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ASIAN STOCKS
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Article388 1986-04-05 9 HONGKONG: Share prices closed higher yesterday, extending Thursday's strong gains, buoyed by active buying by local and Japanese investors. The Hang Seng Index rose 18.60 to 1,643.80 after gaining nearly 22 on Thursday. The Hongkong Index rose 8.14 to 1,021.92. Brokers say Japanese interests may be turning to the388 words
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Article219 1986-04-05 9 AM 04 Al Smear* Indus MT 288 2440 0 06 0 2 Uen Hwo Indus Nan Ya Ptos Pocitic Cons Pacrfic Elect 1260 35 30 24.10 14 70 035 05 0.1 0 1 32 40 02 1 22 005 Chang Hwo Bank 48 70 2360 -0 1 05 Sharp219 words
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Article385 1986-04-05 9 TOKYO: Share prices yesterday plunged for the fourth consecutive day with the Market Average dropping 252.43 to 15,019.81. The Market Average dipped be- low 15,000 briefly in early afternoon trading but recovered slightly to trim losses. Turnover was 720 million shares against 660 million on Thursday when the index385 words
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Article68 1986-04-05 9 AMI 04 Acofc Mnng Ptun Oriental B Phfex B 0 0095 unch 0.21 Kich Anglo Phil Apex Minng B 0 011 1750 0001 12 55 PLOT 81 80 Bosk Petroleum Benguet Coo. B 0003 106 unch 1 San Miguel B 46 0006 3 5 CDCP Fr»t Phd HMg* 368 words
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Article375 1986-04-05 9 SYDNEY: Sharemarkets closed firmer yesterday, buoyed by strong local and overseas demand for leading industrial and situation stocks. At the close of trading the All Ordinaries Index had risen 10.1 points to a week's high of 1153.9. The All Industrials Index gained 19.0 points to a record 1860.5, passing375 words
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Article73 1986-04-05 9 APR 04 Bonk Seoul Won 713 50 Hyundai Const Hyundai Motor KAL 1094 2376 1170 740 36 100 40 50 Chobeung 8k 631 50 50 -21 25 +19 2310 100 640 Korea Ship 406 -13 1100 Lucky Ltd 1125 >25 1320 1150 19 570 -20 2140 100 Gold Star73 words
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Article117 1986-04-05 9 BANGKOK: Share prices closed generally higher in moderate trading in the week ended yesterday. The Securities Exchange of Thailand Index rose 0.89 to 131.11 as turnover rose to 1.82 million shares worth 373.6 million baht. AN 04 tahn S«om Cement 454 7 S<om Citizen Aokhom Thai 454 Amo F*>re117 words
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Article71 1986-04-05 9 Reuter CHEUNG KONG (HOLDINGS) LTD was debt free at end-1985 except for a small amount of short-term bank loans, chairman Li Ka-Shing said. The group had long-term loans of about HK$l.65 billion at the end of 1984. Cheung Kong earlier reported its net profit rose to $633Reuter - 71 words
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530 1986-04-05 9 Reuter THE NEW Bell Resources Ltd's partial offer for the Broken Hill Pty Co Ltd, BHP, signalled by Bell on Thursday, is likely to be an all-cash bid but there is uncertainty about the price to be offered, share analystsReuter - 530 words
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116 1986-04-05 9 Reuter NZI FINANCIAL CORP LTD is planning a HK$3OO-million commercial paper facility, arranger Indosuez Asia Ltd said. The threeyear facility, which can be extended for one or two more years, is $200 million underwritten and $100 million non-underwritten. Under the underwritten portion, commercial papersReuter - 116 words
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256 1986-04-05 9 Reuter JAPANESE institutional investors are poised to shift funds to foreign equities from bonds in line with the recent easing of limits on foreign portfolios and the fall in US bond yields, fund managers say. The government-imposed limit was raised to 25 per cent fromReuter - 256 words
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Page 9 Advertisements
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Advertisement537 1986-04-05 9 2& 62! H m 'iteft (o wise, dia« aai «aMtia limit** M'. J V <e»: xv e Things are coming up Cherry Blossom. It's Cherry Blossom Festival at the Unkai with: •Sakura Kaiseki. a special meal celebrating spring •Complimentary Sapporo Beer. sake, soft drinks and juices •Attractive prizes to be537 words
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Advertisement69 1986-04-05 9 Life after -K-. V- -k'/'J 0 wL -r s 2 Uvf Bails Niihtlyi spm lam (Monday Friday Sunday)spm 2am (Sat eve of public holiday) HAPPY HOURS spm 7pm (Daily) Its a real happy time! Just buy a drink and get the second FREE. (CAIRNHILL HOTEL) Ground Floor, 19 Cairnhill Circle,69 words
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SHARE INFORMATION
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Article, Illustration4030 1986-04-05 10 SHARE PRICES yielded to heavy selling pressure across the board on the Singapore stock exchange yesterday. At the close, the Straits Times Industrial Index was 4.97 points down at 588.31 while the more broadly based BT Composite Index fell by 3.97 points to 493.25. Turnover4,030 words
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Article218 1986-04-05 10 SINGAPORE Rise* ■"< 1«4 +7 Ej*!! 1 s i a 620 +s jirrs?!" AkM 50 11 if— U"* 225 3 E££? NhnHMp 80 +3 Pf MCM 69 +3 S P P 25+3 10» 256 2 165 +2 ct "l M «OI 164+2 """IT »¥iu.jo< 140+2 M Cwwt218 words
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Article2675 1986-04-05 10 BID and after prices officially listed and hnsinrss in and reparted to the Stock Exchange at Singapore yesterday with the number at shares traded shown in brackets in lots at 1,000 units ««»1— otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".2,675 words
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Article252 1986-04-05 10 Monog«rs' prices for April 5 Singapore Unit Trust The Convntrci 0 80 0 85 The Somgi Fund 063 0.68* S'pore Prog Fund 0 32 0 34 S pore Sec Fund 0 52 0 56 S'pore Invest Fund 0 45 0 48 S'pore Equity Fund 0 36 0.38 Aaia252 words
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COMPANY NEWS
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485 1986-04-05 11 SELLERS staged a fierce onslaught on the Kuala Lumpur Stock Exchange yesterday, causing share prices to close sharply lower. Hardest hit were speculative industrial stocks which incurred hefty dou-ble-digit losses. Elsewhere, losses were generally small. The pace of trading slackened further and total turnover485 words
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Article2350 1986-04-05 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. MDUSTRUU.S Aimomoto (3.405) (2) 3.30 cd AMD (3 90S) Alcorn2,350 words
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Article105 1986-04-05 11 HONGKONG Australian Industrials Hong Kong Index Friday 1021.92 Thursday 1013.78 Friday 1860.5* Thursday 1841.8 Week ago Closed Week ago Closed NEW YORK Hong Seng Index Friday 1643.80 Thursday 1625.20 Week ago Closed Dow Jones Thursday 1766.40 Wednesday 1795.26 Week ago 1821.72* TOKYO Standard Poors Nikkei Averoge Friday *****.81105 words
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Article124 1986-04-05 11 MENAUG CORP (M) BM: 22nd AGM at 3rd level, Bunga Melor, Pan Pacific Hotel, Kuala Lumpur on Wednesday, April 9, at 11am. INCH KENNETH KAJANG RUBBER PUBLIC LM C»: 76th AGM at 5th Floor, Straits Trading Building, 4 Leboh Pasar Besar, Kuala Lumpur, Malaysia on Friday, April 11,124 words
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Article, Illustration344 1986-04-05 11 AMY CHEOK - By AMY CHEOK MALAYAN BANKING Bhd has managed to secure another 40 per cent of Kota Discount Bhd, making the discount house a fully owned subsidiary of the banking group. According to Maybank, Citi vest Sdn Bhd has agreed to sell four million shares344 words
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539 1986-04-05 11 MBT MALAYSIA'S Capital Issues Committee (CIC) may publicly reprimand company directors and merchant banks if profit forecasts included in public issues are not later achieved. Under its new guidelines, the CIC clearly states that the directors, merchant bank or any other party concerned inMBT - 539 words
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Article858 1986-04-05 11 THE Financial Timet 30 Share Index and the Financial Times/Stock Exchange 100 Index again closed at record highs on Thursday, with the FT 30 up 6.5 to 1425.9 and the FTSE 100 14.7 points higher at 1717.6. Both reached records on Wednesday. The indices had been even higher858 words
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LATEST RESULTS
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Article71 1986-04-05 11 Group pre-tax profits for the year ended Dec 31, 1985 shrank to $484,000 (from $1.29 million) on a moderate (all in turnover to $7.37 million (from $8.42 million). After tax and minorities, group net profits amounted to $556,000 (from $964,000), giving stated earnings per share of 2.871 words
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Article95 1986-04-05 11 Group pre-tax profits for the year ended Dec 31, 1985 fell 47 per cent to M 516.39 million (from $30.62 million) on a 37 per cent drop in turnover to $75.84 million (from $120.04 million). After tax, group profits amounted to $8.64 million (from $14.92 million), giving95 words
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Article212 1986-04-05 11 WANNIAN HOLDINGS LTD announced that Mr Chwee Meng Choog has resigned as a director of the company with immediate n## n n COBOL NEPTUNE ORIENT LJNE8 has set up a wholly-owned subsidiary Titan Co Pte Ltd in Cayman Island on March 24, 1966, for investment holding,' ship-owning and212 words
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Page 11 Advertisements
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Advertisement383 1986-04-05 11 NOTICES 5 >:i; SUPPLIES PTE LTD (la members' nhutvy NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act Cap 185 that the final meeting of members of the above-named Company will be held at 6001 Beach Road '#17-02 Golden Mile Tower, Singapore 0719 on Monday sth May383 words
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Advertisement270 1986-04-05 11 CHARTPOINT hat bnn hold ovtr dm to lack of spaca Prominent dairy organisation in Holland with i .f r r ii i consumer products is looking for REPRESENTATION IN SINGAPORE Qualifications required: Strongly market and consumer oriented First class introduction in food trade, both wholesale and retail Good distribution organization270 words
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533 1986-04-05 12 ALVIN TAY - By ALVIN TAY DBS BANK'S intention to take over the whole of Great Pacific Finance (GPF) has run into a snag because a substantial shareholder has been found to have pledged his four million OT shares to two Hongkong banks at more533 words
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198 1986-04-05 12 THE NAME of Lamipak will live on because the company which took over its factory has paid $10,000 to name its new venture I amipak Plastic Manufacturers (1986) Pte Ltd. Wan Soon Development Pte Ltd, which bought the lamipak factory in Jurong for $5198 words
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Article, Illustration55 1986-04-05 12 THOMAS BRICCHI of Zurich is not a bricklayer making a hols into a wall snd throwing bricks around but sn srtist who has built himssH s name as s wsll paintsr. This time hs is working on a big psinting on ths wsll of55 words
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98 1986-04-05 12 Reuter PRIME MINISTER Margaret Thatcher's plans to sell off two British royal dockyards came under opposition fire yesterday after it was revealed that the sale would cost £70 million. Labour Party spokesman Denzil Da vies said the sum was as much as the schemeReuter - 98 words
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Article49 1986-04-05 12 EMPORIUM HOLDINGS has closed its two department stores, Klasse (Yuyi) at Orchard Building and Yokoso Department Store at Tanjong Katong Complex, a check by BT at the two premises showed yesterday. Yokoso's last day was March 28, while Klasse (Yuyi) closed down at about the same day.49 words
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397 1986-04-05 12 AFP A HONGKONG property concern's finance arm lost HK$45 million in dealings with the defunct Carrian business empire's flagship in 1982, the Carrian trial heard yesterday. On trial in the Hongkong High Court are the Carrian group's former chief, George Tan, his right-hand manAFP - 397 words
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133 1986-04-05 12 AP BRITISH AIRWAYS, which has lost its rights to pick up passengers from Hongkong on its weekly London-to-Beijing flight, is hoping to operate a service to China from other points in the region. Colin Marshall, the airline's chief executive, said yesterday thatAP - 133 words
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130 1986-04-05 12 A WORKING GROUP will be set up to study the implications of giving Singapore General Hospital more control over its own management. Mr Yeo Cheow Tong, Minister of State (Health and Foreign Affairs), said the group would recommend a strategy and timeframe to achieve130 words
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Article, Illustration284 1986-04-05 12 AP SOUTH KOREAN President Chun Doo-Hwan is to leave today on an 11-day state visit to four European countries with which the Seoul government wants to enhance diplomatic and economic relations. Officials in Seoul have termed the trip a historical event, since MrAP - 284 words
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158 1986-04-05 12 JTC flatted factories are all structurally safe, the Jurong Town Corporation assures its tenants. In a statement released yesterday, the corporation said its factory buildings were inspected regularly for structural soundness by its engineers. Tunnelling by the Mass Rapid Transit Corporation at Toa Payoh158 words
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Article305 1986-04-05 12 LIM SOON NEO - By LIM SOON NEO THE NEW DIRECTIONS outlined In the Economic Committee's report will bring hack growth, Prime Minister Lee Kuan Yew said in a recent interview with an Australian news paper. In response to a supplementary question by Mr Cameron Forbes of the Melbourne305 words
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384 1986-04-05 12 FINANCE COMPANIES had tough competition for home loans business again last year. The total advanced rose $290 million to more than $3.5 billion, but the banks and Credit POSB grabbed most of the extra busiIf the trend continues, the hfinka may even dislodge384 words
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106 1986-04-05 12 AP THE LEADERSHIP of Lions Clubs International, the world's largest men's service-club organisation, plans to ask its members to approve the admission of women. "Our international board members leaders of our association from all over the world believe unanimously that we have aAP - 106 words
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Article94 1986-04-05 12 Reuter COMEX gold futures recovered losses of more than US$l.OO to trade unchanged yesterday morning on scattered buying stemming from firmness in crude oil futures on the New York Mercantile Exchange. Spot April gold rallied to Thuraday night's close of $335.20 an ounce after slipping to $334.00. AnalystsReuter - 94 words
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Article54 1986-04-05 12 Reuter NEW YORK stocks declined further yesterday, from Thursday's sharply weaker close, as pessimism over rising oil prices added to initial spillover selling, traders said. Crude oil futures again advanced, helping to depress bonds and trigger scattered sell programmes. The Dow Jones Industrial Average was down sevenReuter - 54 words
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LATE FILE
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Article53 1986-04-05 12 Reuter THE ASIAN Development Bank said yesterday that it had approved its first loan to India, a USHlXMnfflkn credit line to the Industrial Credit and Investment Corp of India. The loan will help the finance institution meet part of the foreign exchange requirements ofReuter - 53 words
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Article48 1986-04-05 12 Reuter LLOYDS BANK PLC seeks to make a recommended offer for the whole of Standard Chartered's issued share capital. It has approached Stanchart for discussions. Lloyds said in a statement it was proposing to offer 750 pence for each Standard Chartered share. ReuterReuter - 48 words
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Article38 1986-04-05 12 Reuter THE US civilian unemployment rate fell to 7.2 per cent in March from 7 J per cent in February, despite fewer jobs in manufacturing industries, the US Labour Department said yesterday. ReuterReuter - 38 words
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Article48 1986-04-05 12 Reuter PHILIPPINE Foreign Minister Salvador Laurel yesterday urged other South-east Asian countries to hold a summit in Manila next year. He told a meeting of Asean officials that the summit would consolidate the group's position on economic issues, particularly its stand on protectionism. ReuterReuter - 48 words
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Article33 1986-04-05 12 Reuter SOVIET AMBASSADOR Visdim Shabolin said yesterday that the Soviet Union would not grant asylum to deposed Philippine president Ferdinand Marcos, the official Philippine News Agency reported. ReuterReuter - 33 words
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Article42 1986-04-05 12 AFP THE US oil giant Mobil has pledged US$2O million for black development in South Africa in a move interpreted as a rapid counter-measure to Anglican bishop Desmond Tutu's call for world economic sanctions against Pretoria. AFPAFP - 42 words
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Article30 1986-04-05 12 AP CHINA'S foreign currency reserves fell 5 per cent in the last quarter of 1965 to U5511,913 billion, the People's Bank of China announced yesterday. APAP - 30 words
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Page 12 Advertisements
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Advertisement195 1986-04-05 12 NOTICES 3 FBI Private Limited (la Vetaatary UqaMattea) NOTICE IS HEREBY GIVEN pursuant to Section 306(2) of the Companies Act, Cap. 185 that the Final Meeting of Members of the above-named Company will be held at 5001 Beach Road #04-08, Golden Mile Complex, Singapore 0719 on Monday, 12th May 1088195 words
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Advertisement395 1986-04-05 12 r I SOUTH EAST ASIA DEVELOPMENT TuTWvTT The Board of Directors are pleased to announce the audited results of the Group and the Company for the twelve months ended January 31, 1986. Yean Ended 31 January 1986 $000 38,505 1985 $'000 38,604 Operating Revenue Profit before taxation Less Taxation Group395 words
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Page 12 Miscellaneous
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Miscellaneous12 1986-04-05 12 Outlook for today: Showors ovor n>"W! ■MMMM MM fymm» h*M HttHb whu12 words
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