The Business Times, 12 April 1986
1986-04-12
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The Business Times
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Title Section12 1986-04-12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, APRIL 12, 1986 75 CENTS12 words
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Article, Illustration471 1986-04-12 1 A $42 MILLION park and garden festival is to be held at the vacant Marina South. The festival is designed to enhance the country's reputation as a garden city and will be held from August to September 1988. It471 words
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457 1986-04-12 1 CHUANG PECK MING - Annual increments and other benefits at stake By CHUANG PECK MING THE SINGAPORE Turf Club has taken the unusual step of turning over a year-long wage dispute with the union to the Labour Ministry for conciliation. While the labour law provides for either457 words
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Article426 1986-04-12 1 MAJOR EMPLOYER GROUPS have hit out at companies which decided to continue paying the full 25 per cent contribution to employees' Central Provident Fund accounts. "We deplore the actions of these companies," said a statement released yesterday by the Singapore National Employers Federation on behalf of 17426 words
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Article, Illustration83 1986-04-12 1 THE EXPECTED eai sf week kNIM *n tke Singapore stork market (ailed to make aa Impact ea share prices yesterday, wklek closed mixed la qsiet tradlag. At tke etose, tke Straits Times ladastrlal ladex was sff 1.0 at Ht.U while tke mere kreadly kased BT Cempssite ladex slipped83 words
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Article119 1986-04-12 1 AP A NEW State Department report says international terrorist attacks on American businesses occurred at a rate of more than once a week last year. The report, "Terrorist attacks on US businesses abroad", said the 67 attacks in 1965 represented about a third of theAP - 119 words
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279 1986-04-12 1 TIME HAS FINALLY run out for People's Park Katong Development Pte Ltd. It was ordered by the High Court to be wound up yesterday. With debts of $11 million, the company is one of the 13 owned by developer Ho Kok Cheong that may279 words
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181 1986-04-12 1 Reuter US Defence Secretary Caspar Weinberger yesterday said the break-up of the Anzus military alliance linking his country with Australia and New Zealand could only benefit Soviet expansionist plans in the Pacific. Mr Weinberger told a National Press Club lunch inReuter - 181 words
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Article49 1986-04-12 1 UPI NEGOTIATIONS are being held between New Zealand and France to transfer two French secret service agents convicted of sinking the Greenpeace ship Rainbow Warrior to a French prison. New Zealand Prime Minister David Lange said yesterday negotiations were being conducted at a diplomatic level in Paris.UPI - 49 words
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566 1986-04-12 1 HOMER CHEN - By HOMER CHEN THE BUSINESS and professional communities have given broad approval to the proposed changes to the Companies Act that will help firms with financial problems. They regard the proposals as timely in view of the number of bankruptcies filed in the566 words
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Page 1 Advertisements
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Advertisement163 1986-04-12 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Spacewand Featuring arcflow shafts scientifically-designed with different flex points on each club. Available in both graphite and steel. Each club head is endowed with its own progressive centre of gravity for a more balanced swing. The MIZUNO Spacewand. Mastercrafted for total golf enjoyment. fpv163 words
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Advertisement238 1986-04-12 1 WME SHARE INFORMATION MONEY EXCHANGES RAW MATERIALS SHIPS IN PORT CROSSWORDS TV A RADIO OUR VIEW IT ALL STARTED with SlA's decision to fly in and out of Manchester. Bobby Charlton was the advance scout; the entire Manchester United team will be descending on the island and tomorrow, a descendant238 words
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Advertisement11 1986-04-12 1 :"^,."{{]|<+}~,/["`;~'+?>[/*&]\ Full report, Pag* 10 Asian stocks, Pag* 9 Int'l stocks, Pago11 words
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Advertisement15 1986-04-12 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC PUT ON A SOCODILE WEAR IT A LEGEND c f15 words
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HOME NEWS
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Article289 1986-04-12 2 ELAINE KOH - New owners of battery arm to honour same employment terms By ELAINE KOH LOCAL EMPLOYEES of two Union Carbide factories in Singapore will not be affected by a world-wide sale of the company's battery manufacturing operations. Under the US$l.4-billion deal, to be completed by June 30,289 words
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Article, Illustration261 1986-04-12 2 THE HOUSING and Development Board is to implement new design plans for the physically disabled in all its housing estates by 1990. Except for areas where the landscape is unsuitable, the board intends to build ramps, sloping pavements and aprons to help the wheelchair-bound261 words
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114 1986-04-12 2 A CONFERENCE on regional opportunities for oil service related companies, Oil Service '86, will be held at the Shangri-La Hotel from May 15 to 17. Senior executives from regional and local companies are expected to attend the conference, which is organised by the114 words
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318 1986-04-12 2 BP DE SILVA, Singapore's long established jeweller, is to make a foray into the $2 billion Japanese market with inexpensive semi-precious gems from Sri Lanka and made-in-Singa-pore jewellery. Two representatives from the company's export arm, Shingold, will fly to Tokyo on318 words
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376 1986-04-12 2 ABOUT 3,000 textile and fashion-wear buyers from the region are expected to attend Motexha Asia 86 at the Hyatt Regency Hotel from Nov 13 to 16. Another 3,000 local fabric tradesmen are expected to attend the textile, fabric and fashion accessories show where376 words
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90 1986-04-12 2 THE MINISTER of State for Education, Dr Tay Eng Soon, will open Technology Fair 86 on April 17. The fair, which will be on until April 20, is organised by the Singapore Science Centre, Nanyang Technological Institute, National University of Singapore,90 words
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102 1986-04-12 2 HOTEL food and beverage managers will have a chance to learn how to save money and maintain quality in their outlets in three seminars during this year's Food and Hotel Asia '86 exhibition. The seminars will be presented by the Restaurant, Hotel and Institutional102 words
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Article80 1986-04-12 2 THE CLOSING DATE for the Brand's Family Snapshots competition has been extended to April 30. The competition, launched in December last year by the Photographic Society of Singapore and Cere bos (Singapore), centres on the theme: Family unity in everyday lite. Photographs can show a spirit80 words
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Article, Illustration207 1986-04-12 2 MOST telephone companies at the CommunicAsia 86 exhibition at the World Trade Centre are showing off their latest telephones which are packing more features than ever before without any increase in size or weight. But one Japanese company Sumitomo Electric207 words
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374 1986-04-12 2 ALVIN TAY - By ALVIN TAY CITIBANK'S consumer services group has Installed an automated on-line signature verification system which will reap substantial savings in time and manpower for the bank. Mr Andrew Uew, the bank's vice-president, told BT yesterday that the signature verification system, "Auto Sig374 words
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Article711 1986-04-12 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Do Nong Fairstor Jalamudra Lampung Lin Petoling Ned Baltimore Ned San Juan Sphinx Timber Glory Cason E'tem Glory East Harmony Golden Haven Kota Ratu Kris Madura Reina Kll KIO K28 KIIA K20 KI2 CI3 KI6 K19 K21711 words
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183 1986-04-12 2 MONICA GWEE - By MONICA GWEE MATSUSHITA Precision Motor Singapore (MPM) is to open a new factory complex in Pandan Gardens next month. The complex, sited on a 2.2-hectare plot, is part of a $30-million expansion programme which started last year. The company's components plant in Jurong183 words
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OVERSEAS
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Article, Illustration206 1986-04-12 3 Reuter OPPOSITION leader Benazir Bhutto has said that she wanted to bring revolution to Pakistan but not exact revenge for her executed father. Leading 250,000 rapturous supporters in a chant of "Zia must go" soon after her arrival in Lahore on Thursday, she said:Reuter - 206 words
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Article818 1986-04-12 3 ARRIVALS Operator Service number Local time From CAL CI333 0315 TPE MK MK746 0755 MRU MAS MH681 0820 KUL KAL KE624 0640 KUL CV CV796 0845 LUX/DXB MAS MH811 0910 PEN MAS MH671 0920 KUL CAL CI806 0945 CGK SIA SQI03 0950 KUL CPA CX710 1015 CGK818 words
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252 1986-04-12 3 UPI OA DIRECTOR William Casey says journalists have seriously hurt US intelligence sources "of the highest value" and jeopardised national security in recent years by publishing classified information. He said publication of the leaks handed the Soviet KGB and other hostile intelligenceUPI - 252 words
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356 1986-04-12 3 Reuter AP THE WHITE HOUSE has drawn a veil of secrecy over the US Sixth Fleet movements in the Mediterranean while Washington continues its war of nerves with Libya's Muammar Gaddafi. Pentagon officials said yesterday that the aircraft carriers Coral Sea and America carryingReuter; AP - 356 words
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Article183 1986-04-12 3 UPI COLONEL Muammar Gaddafi yesterday scoffed at US charges of Libyan involvement in a recent wave of terrorism and said he would like to meet President Reagan "to convince him, because I am right and he is wrong". At an impromptu postmidnight news conference from aUPI - 183 words
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Article111 1986-04-12 3 UPI THE SOVIET UNION has condemned the US nuclear test in the Nevada desert on Thursday as a "dangerous destabilising step" that cast doubt on the reliability of the US as a partner in arms control efforts. "The Nevada blast completed another period in the historyUPI - 111 words
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222 1986-04-12 3 Reuter A MAJORITY of the US Senate has urged President Reagan to stay within the limits of the Salt-2 treaty with Moscow by dismantling two submarines before a new Trident nuclear submarine begins sea trials next month. Mr Reagan said earlier this weekReuter - 222 words
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Article140 1986-04-12 3 Reuter ECONOMIC GROWTH in the UK this year is likely to be more broadly spread than previously expected, helped by lower oil prices. The Bank of England, in its March quarterly bulletin, says that consumption growth is likely to be sustained by pay rises considerablyReuter - 140 words
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493 1986-04-12 3 AP POLICY MAKERS for the 149nation International Monetary Fund have called for a new round of worldwide interest rate cuts as one of the best ways for easing the US$l trillion debt crisis of developing nations and promoting economic growth. In aAP - 493 words
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177 1986-04-12 3 Reuter FINANCE MINISTERS of the main industrial nations are expecting a further rise in the value of the yen against other major currencies, Mr Nigel Lawson, Britain's Chancellor of the Exchequer, said. Mr Lawson, speaking at the half-yearly meeting of the International Monetary Fund'sReuter - 177 words
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Article75 1986-04-12 3 Reuter TOP EXECUTIVE officers of Zondervan Corp will be paid salary and benefits for up to five years in a "golden parachute" arrangement if they leave the company because of a change in control. The company's annual proxy statement said on Thursday that the executive compensation scheme wouldReuter - 75 words
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340 1986-04-12 3 AFP AP WORLD BANK president Tom Clausen has criticised industrial countries' failure to fight protectionism effectively and so help debt-ridden countries boost their exports and grow their way out of debt. He also warned the joint development committee of the International Monetary Fund andAFP; AP - 340 words
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391 1986-04-12 4 UPI CHINA HAS PLEDGED that its strict controls on imports and foreign exchange expenditures will not harm foreign companies which have set up operations in the communist nation. State Councillor Gu Mu said on Thursday in the capital that Beijing will ensure that contracts involving foreignUPI - 391 words
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75 1986-04-12 4 AFP ONE OUT OF every nine people in the world is wearing a pair of Taiwan-made shoes, a report by the Government Information Office (GIO) said yesterday. The report, based on customs statistics, said footwear were among the 21 types of exported Taiwan goodsAFP - 75 words
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Article241 1986-04-12 4 Reuter A CANADIAN physician says there is hope for people unable to sleep because of the rafterrattling snoring of a partner. Dr Lorne Tarshis told a seminar in Toronto on Wednesday that a surgical procedure which is no more than a "glorified tonsillectomy" had beenReuter - 241 words
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321 1986-04-12 4 NYT Reuter ENERGY MINISTERS from major industrial democracies have ruled out any joint action to stabilise world oil prices. This was their first meeting since prices began their downward march last autumn. The ministers, attending the regular spring meeting of theNYT; Reuter - 321 words
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327 1986-04-12 4 AP A SWISS government watchdog panel has said that several Swiss banks have reported holding assets linked to Philippine ex-president Ferdinand Marcos. The Federal Banking Commission, which oversees Swiss banking activities, had given banks until April 9 to report whether they had assets heldAP - 327 words
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257 1986-04-12 4 Reuter NAVY SECRETARY John Lehman yesterday predicted the US will not have to relocate its two major military bases in the Philippines Clark Air Base and Subic Bay Naval Base. "The reality is... there is no substitute for Clark and Subic," he told aReuter - 257 words
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214 1986-04-12 4 Reuter JAPANESE Finance Minister Noboru Takeshita will set tight limits on ministries' 1987/88 budget expenditure as part of an effort to reduce the budget deficit. He told the Cabinet at its regular meeting yesterday the government must achieve its target of ending its dependenceReuter - 214 words
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Page 3 Advertisements
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Advertisement49 1986-04-12 3 I 1/ 11% /I I 3 Every Tuesday, Thursday, Saturday rSI II %J I I |rA I and Sunday. Leaving Changi Airport I J\_jL VJJ W- at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent. Effective 27/4/86. AID PAMAnA49 words
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Advertisement190 1986-04-12 3 Why do people sometimes read iteimonoo3 aHT from back to front? The answer is perfectly straightforward. On the last two pages of The Economist you'll find our Economic and Financial Indicators. Succinct reviews, tables and charts that show quickly where the world economy stands. Plus a sharp focus on current190 words
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RAW MATERIALS
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Article303 1986-04-12 4 SINGAPORE THE MARKET yesterday closed higher with May One RSS buyers quoted at 160.50 cents per kilo, up two cents from Thursday. The morning session gained two cents on some buying interest and shortcovering in quiet trading. Prices were little changed in dull afternoon trading due .to lack of303 words
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Article308 1986-04-12 4 RAS prices in S cents/kg, FOB in boles NOON CLOSE •i# <«' aHP z'&zm Int IRSSJun** lot 2 RSS O P Int 3 RSS O P Int 4 RSS O P Irrt 5 RSS O P Buyers L160 00 &160 50 161.00 160 00 158 00 154308 words
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Article140 1986-04-12 4 THE PRICE of tin en the Koala Lam par Tin Market, KLTM, was fixed at M114.M per Idle yesterday compared with $14.95 fixed on Wednesday, KLTM officials said. There was no fixing on Thursday as total bids/offers fell short of the mlnlmnm II tonnes reqnlred nnder new rules.140 words
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Article68 1986-04-12 4 Bangkok (US$/tonne, FOB) White Rice 100% 1st closs 240 100% 2nd class 215 100% 3rd class 210 5% 200 10% 4 195 15% 190 20% 180 25% 170 35% 165 Broken Rice A-l Super 115 A-l Special 112 C-1 Special unq C I Ord unq Loonzain Rice J00% 1st68 words
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Article208 1986-04-12 4 MALAYSIAN crude palm oil prices yesterday closed slightly higher on late covering interest after a quietly uncertain start, supported by a firmer palm oil futures close, dealers said. Talk that India may have bought up to six 5,500 tonne cargoes of Malaysian processed palm oil at its weekly208 words
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Article147 1986-04-12 4 Chffftoe Produce WlPSta 20/25% FOB NSW ***** Exchange Sellers' noon closing prices on Nutmeg Apr 11 (SS/100 kg). 110 FOB NSW 1422 00 Coconut oil BWP FOB NSW 1322 00 Bulk FOB 50 00 Gombier Old drum FOB 6300 FOB NSW 330 00 New drum FOB 67 00147 words
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Article111 1986-04-12 4 (cents/kg, 1-ton pollets) MAY 86 JUNE 86 (current month) (forword month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 154 00 I56 00N 155 00 157 OON SSR 50 150 00 152 00N 151 00 153 OON MRELB Buyers Sellers Buyers Sellers SMR CV 208 00111 words
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Article244 1986-04-12 4 WHEAT FUTURES on Thursday closed 9-1/4 to 3-1/2 US cents a bushel lower on the Chicago Board of Trade, with spot May showing the largest loss. May ended near the bottom of a 13 cent range. The weakness in spot May continued an intermittent trend of the past two244 words
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Article228 1986-04-12 4 SOYBEAN FUTURES on Thursday ranged from 2-3/4 US cents a bushel higher in old crop July to 1-1/2 cents lower in new crop May at the close on the Chicago Board of Trade. The distant May contract established a new season's low. Old crop contracts showed relative strength based228 words
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Article764 1986-04-12 4 COFFEE A MIXED but mostly steadier performance in New York on Thursday afternoon helped underpin robusta coffee futures to end the day with gains from Wednesday night of £28 to £19 a tonne, at or near the highs of a maximum £80 traded range in light business. At764 words
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Page 4 Miscellaneous
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Miscellaneous93 1986-04-12 4 Doonesbury excuse sir. THERES A RUMOR IN THE SLAVE QUARi TERSTHATtMON I THE x THprsmtT, nam. A BCHAMBMN MMTDdUY YOU. He CLAIMS to be your nephew.^ i rt 31 M Jv NEPHEW? YOU MEAN, ZDNKGR? OH, PLEASE, YOUR. MALIGNANCY, NOT HIM! ZONKERSA MONSTER* CRUELTY INCARNATE! HEfS &IL ON THE HOOF!93 words
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BANKING AND FINANCE
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Article751 1986-04-12 5 SINGAPORE THE US dollar yesterday closed mixed against most major currencies after fluctuating throughout on buying and selling, in active and nervous trading. It closed higher at 177.96/178.05 yen compared with New York's 177.70/80 close. The dollar closed firmer at 1.9165/75 Swiss francs compared with New York's 1.9140/60751 words
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Article50 1986-04-12 5 RESULTS OF TENDER held on April 11 for 91-day Treasury bills to be issued from April 14 to 18: Offered: $110,000,000 Applied for: $266,000,000 Allotted: $110,000,000 Aeeepted bids: $99.36 approximately 76 per cent, higher bids in full. Average rate of dtseeant en allotment: 2.560 per cent per annum.50 words
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Article, Illustration327 1986-04-12 5 Asian market ASIAN DOLLAR deposit rates yesterday closed slightly firmer compared with Thursday's level in quiet pre-weekend trading. Weekend closed at 7-1/8 7 per cent, up 1/8 point from the previous close, one month at 7 6-7/8 per cent, up 1/8, three months at 6-15/16 6-13/16 per cent, up 1/8,327 words
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Article239 1986-04-12 5 Interbank rotes at 3pm yesterday: ■M Offer a roe* parity change Local dollar* to on* unit of foreign currency US dolor 2.1795 2 1810 2 8196 -22 70 Sterling pound ***** ***** 7 3469 •56 13 Austraton dolor 1 5583 1 5615 3 4286 -54 55 NZ dolor239 words
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Article194 1986-04-12 5 HONGKONG: GOLD yesterday closed higher against New York's level in view of the weaker dollar and firm silver prices. It settled at U*****.20/60 an ounce against an initial 338.70/339.20 and New York's final 339.00/50. On the local market, gold ended at $3,161.50 a uel. The krugerrand price at $2,670194 words
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Article68 1986-04-12 5 THE OVERNIGHT rate on the Singapore interbank money market rose by l/Bpoint from Thursday to close at 5-1/8 per cent yesterday. The one-month term rate rose by 1/16 while the two and three-month term rates remained unchanged. S$ Interbank rates at 7pm yesterday: Offer M night 5 1/868 words
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323 1986-04-12 5 ALVIN TAY - By ALVIN TAY WESTPAC Banking Corporation has signed an agreement with the Bank of England to buy a substantial interest in Johnson Matthey Bankers (JMB) for about £77.5 million. Under the agreement, Austra-lian-based Westpac will acquire total gross assets of about £900 million from323 words
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Article395 1986-04-12 5 BA Futures BUBODOLLAB futures yesterday opened with a bullish tone as prospect for a discount rate cut in the US appeared imminent. After opening firmer at SJ, the June Eurodollar traded in a narrow range as traders were sidelined by release of US retail sales and producer price indexBA Futures - 395 words
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247 1986-04-12 5 Reuter THE DISTINCTION between the UK's markets and Euromarkets could evaporate as the process of innovation and deregulation accelerates. The Bank of England, in its quarterly bulletin for March, noted that the changes that had occurred so far had narrowed the differentials betweenReuter - 247 words
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Article100 1986-04-12 5 Reuter THE BANK for Foreign Trade of the USSR is raising one billion marks through a Eurocurrency loan facility running for eight years and carrying a spread of V 4 point over London Interbank Offered Rates (Libor). The agent, Compagnie Luxembourgeoise de la Dresdner Bank AGReuter - 100 words
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Page 5 Advertisements
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Advertisement155 1986-04-12 5 When \ouV- s<>nutliing important to do.it (Ik- en*l<>l »ur journr\, 11\ .itli.n I'.u ili< j < 14 f (t 1 I i ■«> > t P ■■EW&zkt Z if. OBt-SaSKatm: m>- There's no better way to fly to Hong Kong than with Cathay Pacific's twice daily, direct service from Singapore.155 words
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TIME-OFF
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Article477 1986-04-12 6 WE WARNED YOU, we told you so. A long time ago when negotiations started, we expressed reservations about the wisdom of SIA flying in and out of Manchester. As we suspected, Singapore is quietly being invaded and our good citizens are not even aware that before you477 words
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Article, Illustration891 1986-04-12 6 MONICA GWEE - By MONICA GWEE "THANK GOD it only comes once in 76 years," the marketing manager grumbled as a dog ran off with his slipper into the sea. "Are we looking in the right direction?" asked the securities man peering through891 words
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509 1986-04-12 6 MAX COMMANDER - By MAX COMMANDER SOMETIME IN THE *****, while staying with some friends in Paris, I was taken to a restaurant called Au Pied de Cochon. It can be literally translated as pig's trotters, and there we ate some of the nicest pork I509 words
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Article241 1986-04-12 6 GOOD NEWS for some employees of a statutory board proved short-lived. They heard on Wednesday morning that their employer would continue paying 25 per cent on their Central Provident Fund. The excited few who ploughed through the newspapers soon found out that it was a firm241 words
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Article1109 1986-04-12 6 What's on from Apr 12-18 |S§* HotmhMI CONCERT: SSO featuring Severino Gazzaloni Victoria Concert Hall. 8.15pm. Programme includes Stravinsky's concerto for flute op X, no III, IV, V and VI and Haydn's symphony no 104 in D op 98 (London). Tickets at $4, $7, $10, $15 and available from1,109 words
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Article, Illustration217 1986-04-12 6 BRITAIN'* leading professional tearing theatre cempany will present Oscar Wilde's mHowwi play at the Victoria Theatre. The performance by the Oxford Playhouse Cempany will be its first In Singapore as well as Asia. The Importance Of Being Earnest revolves around twe young men, Algernon and217 words
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Page 6 Miscellaneous
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Miscellaneous794 1986-04-12 6 ai CRYPTIC PUZZLE ACROSS 9 Show promise at the lathe? (5, 4) 10 Anyhow, to be o man I would hate (9) 12 ts it tun for one getting up so early? (4) 13 Continue to thwart one's attempts to get to bed? (4, 2) 14 Claim it's a reason794 words
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SPORTS
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Article, Illustration626 1986-04-12 7 UPI KEN GREEN and Bill Kratzert, two players almost overshadowed by their caddies, fired 4-under-par 68s to share a one-shot lead after Thursday's opening round of the Masters. However, on a cool and blustery afternoon an international cast of starsUPI - 626 words
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332 1986-04-12 7 Reuter THE US tax man may have unwittingly provided a way to settle a simmering feud between Seve Ballesteros of Spain and the American Professional Golf Tour. Ballesteros, generally acknowledged as one of the finest golfers in theReuter - 332 words
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Article, Illustration643 1986-04-12 7 BRIAN MILLER - By BRIAN MILLER IT'S NOT OFTEN that you come across a horse who, after just three starts in the country, is being openly touted as a classic winner. They're a rare breed. But come tomorrow, Chief's Award will join this club when he643 words
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419 1986-04-12 7 BHAHRIR ARIFF - By BHAHRIR ARIFF BIG TIME motor racing is here again. Well, almost. It's across the causeway. More than 50,000 Singaporeans the young hot-blooded type as well as the not-so-young but who want to re-live Upper Thomson races of the sixties are419 words
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159 1986-04-12 7 Reuter WORLD CHAMPION Alain Prost went top of the class as Formula One drivers had their first lesson on the brand new grand prix circuit at Jerez, Spain, on Thursday. With workman still preparing the estimated US$lO million complex in time few tomorrow's roundReuter - 159 words
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Article, Illustration663 1986-04-12 7 WORLD CUP '86 AP FIFTEEN of the 24 teams that will compete in Mexico City for the 1986 soccer World Cup have announced their travel and training plans for Mexico, with Spain the first to arrive and Scotland the last, according to officials ofAP - 663 words
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Page 7 Miscellaneous
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Miscellaneous1231 1986-04-12 7 to (md mm >a* Good acting by Michaol Bock and Baatrica Straight in thia science fiction thrillor. SATURDAY NIGHT MOVIE Chiller 11.25 pm, Channol 5 Appropriately named, this thriller stars Michael Beck as an incurably ill young man who is cyrogenically frozen till a cure can be found for him.1,231 words
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Miscellaneous36 1986-04-12 7 BriStcwr: fWc ThckenS Scene. P\ meeting op 4>e clonal stapf of H\e Ctestef Moose. Journal. 'fti^c<r)(RLP.sQ 3>C OUR fcOtnPCfc. SPRJN& NOTOB6R IS P\ L PISMP\L FR\UUg£, IT OJSTomPvRY ruPwf? RrJD spevßvaJE_ TV4£. PP>G£S piRC FLAT PMD36 words
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INTERNATIONAL STOCKS
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212 1986-04-12 8 AP A BLOCK of Navistar International Corp stock totalling more than 48 million shares was traded on the New York Stock Exchange on Thursday, dwarfing all other big trades ever handled in the US. An exchange spokeswoman said the Navistar Mock of 48,788,800AP - 212 words
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153 1986-04-12 8 AP INTERNATIONAL Business Machines Corp has been rated the most valuable American company based on stock value, with a total stock market worth of US$9l.7 billion, according to Business Week. The value of IBM's stock was more than twice that of the nextAP - 153 words
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Article64 1986-04-12 8 Reuter SHEARSON Lehman Brothers Asia Inc has obtained a branch licence for overall securities businesses in Japan. Japanese Finance Ministry officials said yesterday that the company, a wholly-owned subsidiary of Shearson Lehman Brothers Inc, will be the 21st foreign securities house to start business in Tokyo. AReuter - 64 words
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311 1986-04-12 8 Reuter NEW YORK stocks made a strong advance on Thursday, in a rally led by semiconductor, money centre bank and tobacco stocks. Speculation that the discount rate might be cut lent support, erasing any negative influence from recovering oil. The Dow Jones IndustrialReuter - 311 words
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Article109 1986-04-12 8 Aft 10 Abrttx cs 24 1 Imp CM Inco ferrt Pro* Pip* 46* 21* 44* 23 Alcan 43* IS -H Aigomo 18*1 27 Argo«n Hklgs 2* Bank Mont 34* unch 30* tt Bank Nova Scotia B* Canada 14*4 39* 30* Motion A 26 35* H BP Can Ltd 28*109 words
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Article217 1986-04-12 8 API 10 tond INDUSTRIALS Ura**c Wootwonh 1350 MININGS -25 A Alpho 1100 unch -5 25 unch inch -15 125 1 unch 4250 -75 Abercom AE And CI Amaprop AMIC 1175 530 4175 Angtvoal Byyoc* Buft*H Charter *****8 1550 7000 1100 -100 unch -100 unch C G Smith CNA Cum*217 words
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Article713 1986-04-12 8 AM 10 us$ Ale on Alumm Akoo Alaghany Lud AKad Cham Cp AJhed Stores AJfcsChokners Am Brands hie Am Broodcott Am Can Co Am Cyanamd Am Elac Pwr Am Eiptau Am Homa Prod Am Mot on Cp Am Notural Got Am Tat Tal Amoi Inc Amarodo Mass AMF713 words
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Article880 1986-04-12 8 Amsterdam Aft 10 Ri ABN ***** -I 107 SO +08 Ahold Akzo AMEV Anrfot 83 40 -06 17* 70 -0 8 79 40 40.2 100 70«ti Boh 31 SO +0 3 664 SO 4 0.5 Boikofci Bur T«f Cokmd 159 00 -0 5 ***** 4-1 Dai M, 192.00880 words
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Page 8 Advertisements
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Advertisement477 1986-04-12 8 ii Wtere id wim, «in« md in o**4® f unkai Japanese Restaurant Sushi, sashimi, teppanyaki and other famous delicacies from the land of the Rising Sun are prepared by three resident Japanese chefs. Businessman's set lunch from $8.50 FURAMA SINGAPORE HOTEL 10 Eu Tong Sen Street, Singapore 0105 Tel: 533477 words
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Advertisement216 1986-04-12 8 London stocks on Back Pago F WJKf /0 Compliments of the house At Fing Cheng Lou, Troche* Seafood is our speciality And to salute all you good customers, a free dish of deep-fried prawn meatballs is yours when you order from the a la carte menu Come soon for lunch216 words
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ASIAN STOCKS
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Article467 1986-04-12 9 HONGKONG: Share prices yesterday closed sharply higher in the heaviest trading in more than a year, spurred by Thursday's news of a proposed private placement of Cathay Pacific Airways Ltd's shares. The Hang Seng Index gained 25.64 points to 1,784.21 on a turnover of $650.91 million against $563.98 million467 words
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Article245 1986-04-12 9 An u M Srvcere Indus Aua Cement Cathay Cons Chang Hwa Bank Chen Loong ChKi Hs#i Cement Chna Chem CNno Dev CNno Elect Wr. Om GPtos CNna Rebof Chma Steel Chung CNn Tex MT 2 68 23 50 32 40 45 50 23 40 23 30 32 70 1850245 words
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Article449 1986-04-12 9 TOKYO: Prices yesterday rose in moderately active trading with buying focused on domestic-orient-ed shares. The Market Average gained 122.81 to 15,326.38 after ris- ing 93.39 on Thursday. Turnover was 530 million shares against 430 million on Thursday. Brokers said expectations of a further cut in the official discount rate449 words
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Article62 1986-04-12 9 APR )1 Pesot Morsteel Oriental B 001 unch Phtex B ***** 00 Apex Mrang B 0 011 unch PLOT 85 50 25 li unch Podco B -05 Bovc Petroleum 0 0023 -0 0005 Son /\*guel B 48 Benguet Con B 110 unch Seatront 1025 i*»ch Frit PM HWg» 362 words
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Article355 1986-04-12 9 SYDNEY: Share markets yesterday closed sharply higher as investors, flush with cash after Elders IXL's buying spree on Thursday, reinvested funds in blue chip industrial stocks. By the close of trading, the All Ordinaries Index had risen 16.6 points from Thursday's record to 1214.6 while the All Industrials Index355 words
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Article91 1986-04-12 9 APR 11 Won 710 20 Hyundai Comt Hyundoi Motor KAL 1070 2400 1215 738 1 unch 35 46 Choheung BK Commerciol Bk Doefcm Ind Doewoo Corp 623 602 615 1075 1 10 9 5 Yukona Korea Stvp Lucky Ltd 2260 467 1160 •10 27 35 Docwoo Ind Dong Ah91 words
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Article140 1986-04-12 9 BANGKOK: The Securities Exchange of Thailand Index dipped 0.61 point to 130.48 in the four sessions from Tuesday to Friday. Monday was a market holiday. Trading volume stood at 5,330,588 shares valued at 723.8 million baht compared with week's 1,821,789 shares valued at 373.6 million. AM II Mm Starr140 words
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Article63 1986-04-12 9 Reuter JAPAN AIRLINES expects another break-even year ending next March, as the effects of the world's largest air crash continue to affect revenues. A JAL spokesman said: "We are not expecting any big profits. We expect to break even and our budget plan for theReuter - 63 words
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381 1986-04-12 9 Reuter ELDERS IXL LTD holds 18.52 per cent of the 1.25 billion issued shares in Broken Hili Pty Co Ltd following Thursday's A 11.70 billion share raid on BHP. The company said in a shareholder's notice to the Melbourne stockReuter - 381 words
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297 1986-04-12 9 Reuter FORTY-THREE creditors of the Wah Kwong Shipping and Investment Co (HK) Ltd group have signed an "interest payment plan" to ensure the group's normal operations until May 30. A Wah Kwong spokesman said four creditors have not participated inReuter - 297 words
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150 1986-04-12 9 Reuter AN AUSTRALIAN-AMERICAN joint venture has announced a bid to build the world's biggest gambling casino in Sydney for an estimated AI6OO million. Australia's Hooker Corporation and the giant US gaming organisation Harrah promised to build "the most exciting casino in the world". ButReuter - 150 words
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Page 9 Advertisements
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Advertisement659 1986-04-12 9 ■H W&- jW*> WWK? ■■> %>1 U T igp I .*<, i j übcrtus d)rtU r Hooray for Sunday! Sunday Brunch at the Hubertus Grill. Make it an occasion for the whole family Sausages, bacon, oysters, smoked salmon, tasty entrees right through to pastries, puddings, fruit salad and cheese board659 words
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Advertisement122 1986-04-12 9 m fkh MoV m Xi ft <dfll s ifter 2 Uvt Bails Nl|kttyf spm lam (Monday Friday Sunday) spm 2am (Sat eve of public holiday) HAPPY HOURS Spn 7pa (Dalty) It's a real happy time! Just buy a drink and get the second FREE. (CAIRNHILL HOTEL) Ground Floor, 19 Cairnhill122 words
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SHARE INFORMATION
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Article, Illustration4000 1986-04-12 10 SHARES PRICES on the Singapore stock market closed mixed yesterday, after a day which saw very little activity until the last 45 minutes or so. Even then price changes were narrow. At the close, the Straits Times Industrial Index was 0.88 point4,000 words
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Article245 1986-04-12 10 SINGAPORE Rim* NtanNUp 85 +9 «T C.f.^ Wiinni 17* ♦7 IT Mut« J C MFH 63 +7 ST Oft/OS CCM 346 +6 rrCAOl oui 166 4-6 rroiv N«fi M S0« 69 46 ST I.Jwtr-h Kt.d| w 101 5 STFMK* iw* ftiint 104 +5 STHat«h S Sin" I*245 words
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Article2460 1986-04-12 10 BID aad otter prices oOctolly MM aad business tn and reported to die SU»L mmS£rSt+um traded rtwera ta brackets la lets of MM ualts —i— stksiwtos speciOea AH Dm Settlement Caatncttut quoted after the word "SETT'. Btf Board dMk (la Ma et MN aaits) are2,460 words
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Article265 1986-04-12 10 Monofffs' prices for April 12 4 14 MARA-Buml First B'putro ipwrra 4 25 4.30 tfciQoporo UnM Trust The Commrci 0.7? 0 84 Second B'putro Thrd B'putro Fowlh B'putro 3 81 3.86 321 326 3 43 3 48 The Sovngt Fund 0 62 0 67* Fifth B'putro 2 25265 words
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Article122 1986-04-12 10 HONGKONG Austrolion Industrials Hongkong Indox Friday 1964 9* Friday IMO.M Thursday 1924 0 Thursday 1093 80 Week ogo 1860 5 Week ogo *****2 Hong Song Indox Friday 1784 21 NEW YORK Dow Jonos Thursday 1758.57 Thursday 1794 30 Week ago 1643 80 Wednesday 1778 62 Weefc ogo 1766122 words
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COMPANY NEWS
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504 1986-04-12 11 CHAN OI CHEE - By CHAN OI CHEE THE COLLAPSE OF PanElectric has claimed another victim in Bousteadco Singapore Ltd. The trading-based group was dragged into the red last year with a net attributable loss of $8.6 million ($421,000 profit), due mainly to substantial provisions arising from504 words
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Article, Illustration282 1986-04-12 11 HOCK LOCK SIEW - @apf 9mm By HOCK LOCK SIEW I SPOKE to visiting Londonbased chartist David Fuller and share in this column his technical views on the Straits Times Industrial Index. Although more inclined towards the bearish side for the present moment, Mr Puller's chart suggests that the282 words
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Article154 1986-04-12 11 Reuter JACK CHIA (Australia) Ltd said it will acquire 20 per cent of the issued capital of South Yarra Project Pty Ltd from two other companies in the Jack Chia group for A 515.3 million in shares and options. Jack Chia Australia will acquire the stakeReuter - 154 words
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Article2495 1986-04-12 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. tOUS TRIALS Ajmomoto (3 I OS) xd AMD (3 1062,495 words
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483 1986-04-12 11 SELLERS remained on the offensive at the Kuala Lumpur stock market yesterday and share prices ended slightly easier. Speculative and situational counters yielded further ground although losses were generally smaller than in previous sessions. Light bargain-hunting was discerned but gains chalked up were483 words
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Article172 1986-04-12 11 CARLSBERG BREWERY Malayai* Bbd: 16th AGM at No 55 Persiaran Selangor, Section 15, ***** Shah Alain, Selangor, on Tuesday, April 15, at 11.30am. OVERSEAS UNION Securities Ltd: 9th AGM at the Mandarin Court "A", 4th Floor, Mandarin Hotel, Orchard Road, Singapore 0923 on Tuesday, April 15, at 11am.172 words
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361 1986-04-12 11 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI ATTRACTIVE as Singapore equities may be at current low levels, the crisis of confidence spawned by the problems of forward share contracts will give the international fund manager an excuse to bypass Investing locally a little while longer,361 words
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Page 11 Advertisements
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Advertisement299 1986-04-12 11 Straits Steamship Company Limited (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING ALL MEMBERS ARE CORDIALLY INVITED to attend the Annual General Meeting of the Company which will be held in the Straits Room, 10 Collyer Quay #29-00, Ocean Building, Singapore 0104, on Friday, 2nd May 1986,299 words
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Advertisement720 1986-04-12 11 Keppel Shipyard UmttecM (I ncorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of the Company will be held at the Company's Registered Office, Keppel Shipyard Limited, Administrative Building, 325 Telok Blangah Road, Singapore 0409, on Monday. sth720 words
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332 1986-04-12 12 FOR THE THIRD TIME in 18 months, Oversea-Chinese Banking Corporation is to provide backing for property tycoon Ng Teng Fong. The bank is a joint lead manager in a loan to provide finance for Mr Ng's "Gateway to China" project the332 words
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Article78 1986-04-12 12 AP THE FIRST foreign hostile takeover bid against a major Japanese firm ended in failure yesterday after the British and US holding firms sold all of their acquired shares, sources said. Trafalgar Holdings Ltd of the US and Glen International of Britain apparently decidedAP - 78 words
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Article528 1986-04-12 12 LOH HUI YIN - Members must channel funds through banks to invest in stocks and gold By LOH HUI YIN SINGAPORE'S Big Four banks have been designated to handle investments of Central Provident Fund savings in stocks, shares and gold under the CPF approved investments scheme. DBS Bank,528 words
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420 1986-04-12 12 LEE HAN SHIH, ALVIN TAY - By LEE HAN SHIH, ALVIN TAY PRIVATE home buyers withdrew $1.1 billion from their Central Provident Fund savings in the past 15 months to pay for their loans, bringing the total amount withdrawn for private properties to $2.3 billion. In all,420 words
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426 1986-04-12 12 OWNERS of commercial properties bought under the new CPF approved non-residential properties scheme will be allowed to keep rental income derived from the properties. The rentals are expected to be used to service the bank loan taken to buy the property, leaving426 words
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Article, Illustration117 1986-04-12 12 AFP CHINA has opened its first Shakespeare festival, including productions of a mixture of his tragedies, histories and comedies. The English-Language newspaper China Daily yesterday said Chinese theatre groups will present 16 of Shakespeare's plays during the two-week festival. They will be performedAFP - 117 words
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279 1986-04-12 12 AFP THE MALAYSIAN ringgit has lost 7.3 per cent against the US dollar this year and could lose more because of a weakening economy and political uncertainties. Foreign exchange dealers quoted the ringgit at 12.625 to the US dollar yesterday, up fromAFP - 279 words
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Article46 1986-04-12 12 THE CHAIRMAN of the Public Utilities Board, Mr Lee Ek Tieng, has been appointed to the Board of Directors of the Monetary Authority of Singapore. A government gazette announced last night that Mr Lee will serve the board for three years, from April 1.46 words
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Article685 1986-04-12 12 Reuter SHARE PRICES extended Thursday's sharp gains at the opening yesterday as a fresh wave of bid speculation was released by rumours that British Telecom might be considering making an offer for STC. At 9.35 am, the FTSE 100 Index was 8.4 points higher at 1,696.6. It roseReuter - 685 words
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Article81 1986-04-12 12 Reuter COMEX GOLD FUTURES yesterday rose to their highest since March 31 on heightened worries in the morning that the US may take military action soon against Libya. In lively dealings, spot gold gained US$3.6O to $342.50 an ounce. The June delivery added $3.00 at $344.70. Analysts saidReuter - 81 words
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Article58 1986-04-12 12 Reuter WALL STREET stocks were higher in early morning activity yesterday following the release at the market opening of IBM's first quarter earnings. The computer giant reported income of US$l.65 per share. The Dow Jones Industrial Average was up 11 points at 1806. Gainers led losers byReuter - 58 words
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LATE FILE
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Article38 1986-04-12 12 UPI SOUTH KOREAN university students yesterday joined a public campaign to refuse paying television licence fees to the state-run Korea Broadcasting System while 38 college professors supported constitutional revision for direct presidential elections. UPIUPI - 38 words
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Article55 1986-04-12 12 Reuter WEST GERMAN farmers will take to the streets today to protest against Europe's crisis-ridden agricultural policy and press demands for government subsidies to bolster their falling incomes. Their biggest action for two years underlines growing anger over the failure of the European Community to getReuter - 55 words
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Article54 1986-04-12 12 Reuter MOSCOW said yesterday that it had ended its eight-month-old, self-imposed ban on nuclear weapons tests as a result of the US detonation in the Nevada desert on Thursday. A government statement said that it was now free of its unilateral commitment to refrain from stagingReuter - 54 words
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Article54 1986-04-12 12 AP THE FEUDING partners in Israel's ruling coalition yesterday agreed on a Cabinet reshuffle to satisfy Prime Minister Shimon Peres's demand for the removal of his finance minister. Yitzhak Shamir had said he was ready to exchange Jobs with Finance Minister Yitzhak Modal for theAP - 54 words
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55 1986-04-12 12 AP THOUSANDS of Indian men are signing forms at the Libyan embassy in New Delhi, hoping to be recruited into the Libyan army. Officials said yesterday that many have had little military experience. But a Libyan embassy official said he did not think his countryAP - 55 words
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51 1986-04-12 12 &UU OiC 111 11 Reuter THAILAND is willing to talk to Vietnam to improve relations but will not negotiate Cambodia's future with Hanoi. Foreign Minister Siddhi Savetasila said yesterday that "Vietnam should now realise... that better relations with Thailand are in its best interest".&UU OiC 111 11 — Reuter - 51 words
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Page 12 Advertisements
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Advertisement0 1986-04-12 12 ~?{^!&$^-&(;"_({(&>;",\='+'+|==0 words
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Advertisement167 1986-04-12 12 The diver repert «u uavallabie it pwi time MARKETING IN PRINT MEDIA MANAGERS Times Business Publications Ltd, a subsidiary of The Straits Times Press, which is the leading newspaper publishing group in the region, has career opportunities in the Advertisement Department of Business Times. We invite prospective applicants with potential167 words
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Page 12 Miscellaneous
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Miscellaneous56 1986-04-12 12 Outlook for today: Portly dowdy with showers in o few areas in the evening. Report for 24 hours prior to 7.30pm on Apr 11 ot the airport: Maximum temperature 31.5 Associated humidity 68 Minimum temperature 25.5 Associated tumidity 96 Hours of sunshine 4.90 Roinfoll in millimetres 7.3 Romfoll this month56 words
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