The Business Times, 26 April 1986
1986-04-26
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The Business Times
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Title Section12 1986-04-26 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, APRIL 2«, 1586 75 CENTS12 words
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Article, Illustration721 1986-04-26 1 SAID ABDULLAH - Difficulty in recruiting local workers By SAID ABDULLAH SOME ELECTRONICS companies, which as a matter of policy accord priority to Singaporeans for jobs available, are now thinking of employing Malaysians instead. In spite of a relatively high, and still rising, unemployment rate, these721 words
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500 1986-04-26 1 GENERAL ELECTRIC Company of the US has begun another recruitment drive in Singapore, only a fortnight after laying off 100 of its workers. Three of GE's subsidiaries have been placing advertisements in the main newspapers at least twice a week, trying to500 words
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250 1986-04-26 1 NATIONAL AWARDS will be presented to 93 people who played a major role in the rescue of 17 lives following the March 15 collapse of the Hotel New World. A special investiture will be held this evening at the Singapore Conference Hall, where250 words
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Article, Illustration94 1986-04-26 1 SHARE PRICES picked themselves cff the fleer is the last hew ef trading yesterday, thanks to a beat ef shert-ceverlag. Tfcrengheet the day, prices had drifted lewer ia quiet trading. At the eiese the Straits Times ladastrlal Index was Sil peiats lewer at 57C.11 while the mere hrsadly94 words
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392 1986-04-26 1 LOH HUI YIN - By LOH HUI YIN EXISTING and proposed protectionistic legislation in Washington will be a key talking point when Asean holds its annual dialogue with the US next month. BT understands that the proposed Trade Enhancement Bill may have damaging implications for developing countries392 words
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Article, Illustration231 1986-04-26 1 PROPERTY DEVELOPER Ho Kok Cheong won a reprieve yesterday for 12 of his companies threatened with windingup suits. Mr Ho had been given six weeks in mid-March because the court was told he had a plan to raise the $8.1231 words
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Article135 1986-04-26 1 Reuter, Bernama VETERAN Sabah opposition leader Tun Mustapha Harun, who failed last month to topple the state government, yesterday announced his retirement from politics. Tun Mustapha Harun, 68, who was founder-president of the United Sabah National Organisation, cited "old age" as the reason forReuter,; Bernama - 135 words
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118 1986-04-26 1 Bernama MALAYSIAN Trade Industry Minister Tengku Razaleigh Hamzah yesterday indicated that he would not contest any top post in the United Malays National Organisation at the party's general assembly next year. He did not say which top post he meant, but added: "I wishBernama - 118 words
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Page 1 Advertisements
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Advertisement177 1986-04-26 1 m Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM THE NEW STAR OF THE FAIRWAY 4 -o.; I All Star SE Crafted from the finest persimmon wood, the wood heads are dual weighted for consistent accuracy. The irons are cast in mild stainless steel with excellent toe and heel design built for177 words
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Advertisement260 1986-04-26 1 SHARE INFORMATION MONEY A EXCHANGEB RAW MATERIALS SHIPS IN PORT CROSSWORDS TV A RADIO BRISTOW DOONESBURY OUR VIEW THE RELENTLESS PURSUIT of speed, the urge to travel ever faster from point A to point B, has taken much of the groce from what should be the pleasant pastime of travelling.260 words
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Advertisement0 1986-04-26 1 '|_=.^<!_~)`@]_|{,/_%.)]>"`"[}=0 words
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Advertisement92 1986-04-26 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM lards of Difference Spalding's New PROFLITE Individual Balance Irons Generates a consistent trajectory throughout the set. Thereby resulting in a more consistent distance and accuracy A set-up for more one-putt chances. 5 L O 2T 1° Available in men ladies, full and half' Set92 words
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HOME NEWS
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470 1986-04-26 2 ELAINE KOH - By ELAINE KOH TWO COMPANIES, which collectively owe the ill-fated Chop Hoo Thye more than $1 million, are being pursued by the Official Assignee. Both face being wound up if they do not pay their debts. One of the two companies is470 words
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Article107 1986-04-26 2 ABOUT 100,000 umbrellas will be auctioned today in a move to settle a dispute between two companies. The umbrellas are the subject of an injunction and a suit taken out by Seasons Umbrella Products, a local company, against Tai Jeh Umbrella of Taiwan. To settle107 words
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Article364 1986-04-26 2 JEFFREY TSANG - By JEFFREY TSANG A TRADE MISSION from Gabon has been well received by the local timber industry which is looking for new sources of raw materials. Gabon, on the west coast of Africa, is a major exporter of oil, uranium, manganese and timber. The leader of364 words
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227 1986-04-26 2 COMPANIES keen to do business with Burma must be prepared to provide financing or to negotiate buy-back arrangements. According to the Trade Development Board, they should register themselves with the Inspection and Agency Corporation (lAC) if they want to bid for projects. Most227 words
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146 1986-04-26 2 LIM SOON NEO - By LIM SOON NEO A LOCAL-AUSTRIAN joint venture has clinched a signage and graphics subcontract worth about $11 million for the Mass Rapid Transit (MRT) system. TAC Engineering Corp Pte Ld and Ing Grill and Grossman GESMBH will supply and install signs146 words
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275 1986-04-26 2 CREDITORS of Orchard Hotel Pte Ltd have reached an agreement on how to protect their loans of $18 million to the company. It came in time to save the company from a possible winding-up yesterday. A winding-up petition was initiated in February by the Singapore275 words
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Article156 1986-04-26 2 PEOPLE who have sold their private properties and want to apply for Housing and Development Board flats need not wait 30 months to do so if they are "hardship" cases. A different stance has been adopted by the HDB to help those facing hardship and who156 words
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295 1986-04-26 2 TRAVEL AGENTS will be working with the airlines to bring fares down to a more competitive level. PR Gopal, the president of the National Association of Travel Agents Singapore (Natas), said yesterday that the Market Development Programme had indicated its willingness to co-operate295 words
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Article56 1986-04-26 2 THE FIFTH MEETING of the Co-ordinating Body on the Seas of East Asia (Cobsea) is being held for the first time in Singapore. The two-day meeting, which began yesterday, reviews the on-going activities of the East Asia Seas' Action Plan. Cobsea looks into the protection of East Asian56 words
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Article248 1986-04-26 2 THE SIZE of the Pasir Ris Resort, a Singapore Labour Foundation (SLF) project, is to be reduced by two hectares after a decision to move the proposed project to a new site. Government plans to develop the area next to the original site prompted248 words
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Article60 1986-04-26 2 THE SINGAPORE Labour Foundation (SLF) has reached an agreement to sell one block of the SLF Complex on Thomson Road to the government, said its chairman Ong Teng Cheong yesterday. The block will house the Ministry of Community Development, said Mr Ong. BT understands60 words
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207 1986-04-26 2 A LEADING Japanese manufacturer of meters and process control equipment, Yokogawa Hokushin Electric, is upgrading its presence in Singapore with the setting up of a regional engineering centre. The establishment of the *2 million Yokogawa Engineering Centre means that the company will engage not207 words
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Article698 1986-04-26 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES r» Equator 4 K22 Thong Soon alongside 26.4.86/0600 Equator 5 K23 Thong Soon alongside 26.4.86/1500 Fad! K30 Sealuck alongside 26.4.86/1200 Onilohy K28 S'pore Shp alongside 26.4.86/2300 Taibaishan K15 Y Fung alongside 26.4.86/1830 Toana Papua K33 Sealion alongside698 words
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145 1986-04-26 2 THE SCHOOL of Accountancy, National University of Singapore, will play host to the South-east Asian University Accounting Conference from April 28-30, 1986. The three-day conference, to be held at the Institute of Systems Science, Kent Ridge, will be attended by about 146 participants145 words
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Page 2 Advertisements
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Advertisement360 1986-04-26 2 NOTICE NOTICE IS HEREBY GIVEN that, I Ang Sok Peow of No. Blk 312, Jurong East 5t.32, #07-309, Singapore, have applied for a Retail Liquor Shop licence in respect of premises at m/s Wah Mei Blk 502, Jurong West St 51, #01-803, Singapore 2264, and that this application will be360 words
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Advertisement357 1986-04-26 2 NOTICE NOTICE IS HEREBY GIVEN that, I Chua Whatt of No. Blk 552 Jurong West St. 42 #02-331 Singapore 2264, have applied for a First Class Beer House licence in respect of premises at m/s: Joo Ann Eating House 27 Pioneer Road North Singapore 2262, and that this application will357 words
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OVERSEAS
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Article, Illustration547 1986-04-26 3 FT WEST GERMANY has served notice that it will resist any pressure at the forthcoming seven-nation economic summit in Tokyo for extra measures to boost growth and reduce a trade surplus which could top US$35 billion this year. In the past few days,FT - 547 words
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Article866 1986-04-26 3 ARRIVALS Operotor Service number Local time From SIA UA CAL SQI17 UA805 CI333 0005 0010 0315 KUL SFO/HKG TPE MK MAS KAL MK746 MH68I KE624 0755 0820 0840 MRU KUL KUL cv MAS MAS CV796 MH811 MH67I 0845 0910 0920 LUX/DXB PEN KUL CAL SIA CPA AC866 words
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Article124 1986-04-26 3 Reuter THE US has accused the non-aligned movement of being one-sided after it condemned the US raids on Libya last week. "They should know my country is deeply indignant and will not forget this totally one-sided view of recent events," US Ambassador General Vernon Walters told theReuter - 124 words
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233 1986-04-26 3 Reuter EXXON, the world's largest oil company, has offered nearly all its US employees inducements to retire early or to resign because of low oil prices. The oil giant said it had offered 40,000 of its own 42,500 US employees the option, adding that togetherReuter - 233 words
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Article81 1986-04-26 3 AFP LABOUR productivity in Soviet industry in 1984 was only 55 per cent of that in the United States, the Communist Party newspaper Pravda said on Thursday. In agriculture, the gap was bigger, with productivity one-quarter or one-fifth that of the US in the periodAFP - 81 words
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195 1986-04-26 3 Reuter THE SANDINISTA government has stepped up civil defence preparations for possible US air strikes after President Reagan compared Nicaragua with Libya. The foreign ministry also summoned US ambassador Harry Bergold on Thursday night to hand him a protest note which saidReuter - 195 words
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540 1986-04-26 3 Reuter US FEDERAL Reserve Board Governor Manuel Johnson said the US economy would pick up steam in the second half of the year after a very weak second quarter. The effect of low oil prices on energy producers and production cutbacks asReuter - 540 words
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99 1986-04-26 3 Reuter THE CONFERENCE BOARD'S panel of 27 senior financial executives has forecast that the US economy will grow at an annual rate of 2.9 per cent this year and 2.8 per cent in 1987. The panelists now expect inflation to average 4.1 per centReuter - 99 words
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Article86 1986-04-26 3 AFP A UNITED STATES Justice Department panel has recommended denying former United Nations Secretary-general Kurt Waldheim entry to the US because of his activities in the German army during the Second World War, US television reported on Thursday night. A Justice Department spokesman confirmed thatAFP - 86 words
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Article, Illustration200 1986-04-26 3 Reuter AMERICAN Secretary of State George Shultz said he did not think the government would intervene to influence the dollar rate which he said was moving towards a level that "makes sense" in trade terms. Speaking in a satellite news conference from Washington, he saidReuter - 200 words
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446 1986-04-26 4 Reuter THE REGIONAL BALANCE of power could be altered in several parts of the world now that smaller Third World nations are gaining the technology to build ballistic missiles, a report to Congress said on Thursday. India and Brazil, for example, are acquiring theReuter - 446 words
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288 1986-04-26 4 AFP A CONTROVERSIAL dollar black market operation authorised by ousted President Ferdinand Marcos was "a pragmatic approach" that saved the Philippine economy from collapse, a former Cabinet minister said in an article published in Manila yesterday. Roberto Ongpin, Mr Marcos's Trade and IndustryAFP - 288 words
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Article83 1986-04-26 4 MAJOR PHILIPPINE trade unions had proposed a six-month moratorium on strikes to help the economy recover, the presidential palace said. A palace spokesman said on Thursday that union leaders told President Corazon Aquino they would welcome meeting business leaders and work out an arrangement that would ensure83 words
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127 1986-04-26 4 AFP PRESIDENT Ronald Reagan telephoned Philippine President Corazon Aquino with promises of continued US government assistance in "meeting the challenges that lie before her government," the White House said. It was the first time Mr Reagan has spoken personally to Mrs AquinoAFP - 127 words
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116 1986-04-26 4 AFP THE Northern Territory in Australia expects 15 Hongkong firms to invest Aslo million (US$7.l7 million) there by the end of 1986, a Northern Territory government representative said. Eight Hongkong firms have signed up so far to set up manufacturing plants in theAFP - 116 words
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393 1986-04-26 4 AP INDONESIA hopes US President Reagan's visit next week will help it sell more products other than oil and gas to the US, the Indonesian ambassador to Washington, Susila Sudarman, said. Mr Sudarman said Mr Reagan's visit to the Indonesian tourist island ofAP - 393 words
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100 1986-04-26 4 AFP JAPAN'S economy continues to expand but the tempo of its growth has slowed, a government report released said yesterday. The Economic Planning Agency said in its monthly report that consumer spending had been increasing steadily, but that exports had suffered a year-to-yearAFP - 100 words
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166 1986-04-26 4 AP WORK WILL BEGIN this year on the first "overseas Chinese city" for people Of Chinese descent who want to invest in and live on the mainland, the official English-language China Daily said yesterday. The industrial and residential development area will be located adjacentAP - 166 words
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Page 3 Advertisements
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Advertisement44 1986-04-26 3 I J M /I I) Every Tuesday, Thursday, Saturday II I Y and Sunday. Leaving Changi Airport yy V -LI—JL XL 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. AIR CANADA44 words
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Advertisement220 1986-04-26 3 Why you shouldn't even think of doing business with Europe, the U. S. or anywhere in the world without reading The Economist. n a word, insight. Insight into events that are shaping the world of business around YlX\^v JL are shaping the world of business around the corner and around220 words
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RAW MATERIALS
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Article290 1986-04-26 4 SINGAPORE The market closed sharply higher yesterday with May One RSS buyers quoted at 171.00 cents a kg, up 6.50 cents from Thursday's level. The morning session recorded a rise of 4.50 cents on short-covering of nearby and forward positions in moderately active trading. Prices rose further in afternoon290 words
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Article327 1986-04-26 4 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 166 00 167 00N 171 00 172 OON Int RSS May 86 166 00 167 00 171 00 172 00 Int 1 RSS June 86 165 00 165 50327 words
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Article109 1986-04-26 4 (cents/kg, 1-ton pallets) 86 JUNE 86 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 156 00 158 OON 156 00 158 OON SSR 50 153 00 155 OON 153 00 155 OON MRELB Buyers Sellers Buyers Sellers SMR CV 208 00 210109 words
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Article147 1986-04-26 4 Chinese Produce Robusta 20/25% 640 00 Exchsnge FOB NSW Sellers' noon closing prices on Nutmeg Apr 25 (SJ/100 kg). 110 FOB NSW 1422 00 Coconut oil BWP FOB NSW 1322 00 Bulk FOB Old drum FOB New drum FOB 50 00 63 00 67 00 Gombier FOB NSW147 words
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Article214 1986-04-26 4 WHEAT FUTURES on the Chicago Board of Trade closed 3 j 4 to 3 4 US cents a bushel higher in fairly heavy trading on Thursday. The market was buoyed by pending export tenders from Lebanon, Mozambique and Jordan, along with a recent sale to Egypt- The bearish impact214 words
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Article117 1986-04-26 4 TIN on the Koala Lampur Tin Market fell another four cents to M$l4.C5 per kg yesterday, on increased selling activity. Trading was moderate and total turnover rose to <9 tonnes from 33 tonnes on Thursday. Miners were willing to sell tin to obtain funds for their operations. Meanwhile,117 words
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Article66 1986-04-26 4 Bangkok (USS/tonne. FOB) White Rice 100% 1st class 240 100% 2nd doss 215 100% 3rd doss 210 5% 200 )0% 195 15% 190 20% 180 25% 170 35% 165 Broken Rice A-l Super 115 A-1 Special 112 C-l Special unq C-1 Ord unq Loonzain Rice 100% 1st grade unq66 words
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Article899 1986-04-26 4 COFFEE A firmer-than-expected New York market on Thursday and evidence of hedge lifting as roasters were seen returning to the market helped offset the effects of firmer sterling against the dollar. Robusta futures ended with gains of £21 to £54 a tonne from Wednesday. The market advanced in899 words
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Article190 1986-04-26 4 MALAYSIAN crude palm oil prices closed lower yesterday on further selling interest and buyer reserve in line with weaker palm oil futures, in spite of a higher Chicago soyoil futures close on Thursday night. Uncertainty over the outcome of India's weekly palm oil tender on Thursday at a190 words
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Article185 1986-04-26 4 SOYBEAN FUTURES on the Chicago Board of Trade ranged from up US cent a bushel in spot May to off 11/tl l /t cents in August at the quietly traded close on Thursday. July ended near the middle of a narrow threecent range. With corn values exhibiting little price185 words
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Page 4 Miscellaneous
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Miscellaneous52 1986-04-26 4 Doonesbury 1 M I H /C St SiIK K XXPdUTWU WHAT ARB VONT HMETHB YOU TALKING SAME INTIMATE ABOUT? I'VE THAT... KNOUNUNCLB PU KB MOST OFMYUFE! 99 BY GARRY TRUDEAU m m <y, X, > THAVsrr, lOVrr CHER ME! i I PONT TRUST THtSCHCK9€S GOT pfXTBKHrry sun WRITTEN ALL (MR52 words
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BANKING AND FINANCE
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Article524 1986-04-26 5 SINGAPORE The US dollar closed firmer against most major currencies yesterday but below the day's highs, after a day of moderate trading. The dollar closed firmer at 2.2020/30 marks compared with New York's 2.1960/75 close, but below its high of 2.2140 and at 169.70/80 yen against 168.45/55 and524 words
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Article89 1986-04-26 5 RESULTS OF TENDER held on April 25 for 91-day Treasury bills to be issued from April 28 to 30 and on May 2: Offered: $140,000,000 Applied for: $284,000,000 Allotted: $140,000,000 Accepted bids: $99.36 approximately 84 per cent, higher bids in full. Avenge rate ef dlsceoat en allotment: 2.55589 words
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Article, Illustration136 1986-04-26 5 THE OVERNIGHT rate on the Singapore interbank money market rose by 1/4 point from Thursday to close at 5-1/8 per cent yesterday. The one-month term rate rose by 3/16 point while the two and threemonth rates rose by 1/8 point each. Mcitn the average of the prime Itndnf136 words
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Article285 1986-04-26 5 Asian market ASIAN DOLLAR deposit rates closed firmer yesterday compared with Thursday's level, in moderate trading. One, three and six months closed at a common 7-1/16 6-15/16 per cent, up 1/16, 3/16 and 1/4 point from Thursday respectively. One year ended at 7-1/8 7, up 1/4. Among short-dates, weekend closed285 words
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Article251 1986-04-26 5 Interbank rates at 3pm yesterday: C UfftftCi#! Momintl rata* Smithsonian Bid Otter croa* parity change Local dollars to one unit of foreign currency: US dollar 2 2010 2 2020 2 8196 -21 94 Sterling pound 3 3719 3 3756 7 3469 -54 10 Australian dollar 1 6089 1251 words
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Article246 1986-04-26 5 HONGKONG: The metal closed easier in fairly quiet trading yesterday. It ended at U*****.35/75 an ounce compared with New York's $344.90/345.40. On the local market, gold lost HK$lB to close at $3,181.50 a tael. Krugerrand lost HK$l4 to end at $2,686. TOKYO: Futures rose slightly on short-covering and speculative246 words
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Article226 1986-04-26 5 GOLD (U8$ troy ounc#) Open High Low Sett Vol Open (E»t) Int* Jun 86 346 90 347 00 346 90 347 00 25 165 Aug 86 350 30 Sep 86 351 90 Actual vol on Apr 24 for Jun 86 234 DEUTSCHEMARK (USS/DM) Open High Low Sett Vol Open226 words
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188 1986-04-26 5 Reuter FEDERAL RESERVE member Martha Seger said on Thursday she could not predict if the US discount rate would be cut again, saying the Fed had yet to see the impact of current interest rate declines on the economy. When asked onReuter - 188 words
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135 1986-04-26 5 AFP TAIWAN will honour its promise to donate US$5OO,OOO to the Asian Development Bank (ADB) in the fiscal year beginning July 1 although its name was changed by the organisation. Finance Minister Chien Chun told legislators yesterday that "we made the donation promise andAFP - 135 words
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Article93 1986-04-26 5 AFP SAVINGS deposits in Chinese banks totalled 10.15 billion yuan at the end of this year's first quarter, sharply up from the 2.3 billion yuan a year earlier. A central bank official said lower spending in the countryside had been one of the major reasonsAFP - 93 words
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243 1986-04-26 5 Reuter TO TAKE STERLING fuUy into the European Monetary System (EMS) at the moment would limit Britain's scope for action, British Prime Minister Margaret Thatcher said. Replying to questions in Parliament, she said the time is not right for full sterling participation in the EMSReuter - 243 words
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209 1986-04-26 5 Reuter POLAND has appealed to the West to lower interest rates and disclosed that its hard currency debts jumped by US$2 billion to $31.2 billion in the first quarter of this year. "In our circumstances just to pay interest alone is plainly impossibleReuter - 209 words
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119 1986-04-26 5 Reuter ITALY'S private employers said they were pleased with the one point cut to 13 per cent in official Italian discount rate announced on Thursday night but said further measures were needed. "This decision undoubtedly represents a positive signal but it's necessaryReuter - 119 words
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Article289 1986-04-26 5 Reuter THE SWEDISH government is committed to liberalising exchange controls in two key areas by the end of this year. Finance Minister Kjell-Olof Feldt said this had become essentia] to ease pressure caused by the excess liquidity of Swedish companies. Feldt said he hoped theReuter - 289 words
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Page 5 Advertisements
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Advertisement242 1986-04-26 5 NOTICE NOTICE IS HEREBY GIVEN that, I Ong Kok Seng of No. 105 Lorong Kingkit Singapore 2367, have applied for a Retail Liquor Shop licence in respect of premises at M/s Chang Chun Fresh Fruits Blk 503, Jurong West Ave 1 #01-847 Singapore 2264, and that this application will be242 words
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Advertisement240 1986-04-26 5 NOTICE NOTICE IS HEREBY GIVEN that, I Ong Chiow Yoke of Blk 216 Boon Lay Avenue #02-57 Singapore 2264 have applied for a First Class Beer House licence in respect of premises at M/s Huan Loke Hng Eating House Blk 167 Woodlands St 11 #01-07 Singapore 2573 and that this240 words
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Advertisement107 1986-04-26 5 NATIONS GOLF CHAMPIONSHIP THE DUNHILL CUP 1986 PACIFIC FINAL wm Singapore Island Country Club 2-4 May 1986 The Singapore Island Country Club plays host to the Dunhill Cup Pacific Qualifying Final from the 2nd to the 4th May. Eight teams, including Singapore, will be competing for prize money of US$lOO,OOO107 words
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TIME-OFF
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Article550 1986-04-26 6 SPEED, IN THE SENSE of moving man or object from point A to point B, is considered praiseworthy in our frenetic 20th century world. We all want to fly non-stop from London to Singapore and save an hour. Who wants to spend seven hours in a550 words
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Article, Illustration542 1986-04-26 6 MONICA GWEE - By MONICA GWEE IT HAS quickly become the place to watch and to be watched after raiding one's wardrobe of glad rags. The younger crowd posing among the tables seems to vie with young families in their dress and mannerisms. Picnic, the food court, is as542 words
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498 1986-04-26 6 AN ANCHORED BOAT out at sea in the moonlight with waves lapping its sides and the din of disco music raging on its deck may not be exactly your idea of "wooing". But marriage is not on top of the list for498 words
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Article255 1986-04-26 6 THE Asian Wall Street Journal, quoting an Abu Dhabi newspaper, reported that the Libyans with Soviet assistance had recovered an American F-11l from the Pacific. Where? The US Air Force lost one in the raid on Tripoli. The plane might have fallen into the Mediterranean, but255 words
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Article, Illustration153 1986-04-26 6 ST'ARS's production of Loonard Bornstoin's Wost Side Story promisos to bo a showstopping porformanco! The musical play, with a cast of 60, is diroctod by Jossph Patton, who has dirsctod and choroographad mora than 150 plays. Othors in tho cast include Dorothy Brooks who153 words
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Article1122 1986-04-26 6 What's on from April 26-May2 BhhIHI U CONCERTS: 880 faaturee Els* Paatk*. Victoria Concert Hall t.lspm. Programme includes Mozart s Overture 11 Seraglio, Cluck's Aria: Che Faro Senza Euridice and Mahler's Kindertotenheder Tickets at $4, $7, 10 and 15 from Victoria Theatre, Tangs Superstore and Cold Storage Centrepoint. Songs1,122 words
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Page 6 Miscellaneous
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Miscellaneous818 1986-04-26 6 Bristol ftan&Dicte* 1 3><e DRV is moMDPNy moRN i KG 6.veß.yo N£ U)€. HOP£n/OU HRQ R PI£P»SP»NT U£JE.<€_ND "THE. Tifrtc IS NIN6.- O CLOCK \PRe-ose\_v mut I a mZum Snnn CRYPTIC PUZZLE ACROSS 9 In eoch newly designed tin, a blended drink (5, 3) 10 Pass on, soy a nome818 words
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SPORTS
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343 1986-04-26 7 IT IS SURELY a sign of the times when a charity tournament is hit by a 33 per cent reduction in entries as the Singapore Island Country Club's Open Day tournament has been. The tournament, held annually on the May Day343 words
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210 1986-04-26 7 Reuter OVE SELLBERG of Sweden overcame a stomach virus to take a surprise first round lead with a five under par 67 in the US$lB5,OO Madrid Open Golf Championship on Thursday. Sell berg, who flew home after missing the halfway cut in theReuter - 210 words
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127 1986-04-26 7 AP A UNITED STATES federal judge on Thursday refused to make void the National Football League's contracts with the three major television networks. He ruled that the US Football League had yet to show that the contracts violate anti-trust law. US district judge PeterAP - 127 words
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Article, Illustration892 1986-04-26 7 BRIAN MILLER - By BRIAN MILLER WHEN LOOKING at a Derby, be it the Singapore or the Perak event, it has become a matter of habit to let your eyes linger just a little bit longer on the entries trained by the "big two" trainers Ivan892 words
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Article, Illustration474 1986-04-26 7 UPI HARD-CHARGING Wayne Grady birdied six of the final nine holes on Thursday during the first round of the US$5OO,OOO Houston Open to finish in a tie for the lead with Calvin Peete at 7-under-par 65. Peete completed his round early, andUPI - 474 words
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773 1986-04-26 7 RONALD KOW - By RONALD KOW THERE IS A LOT to be said about that Malaysia Cup semifinal match at the National Stadium on Wednesday but little that's worth saying, really. They came, they saw, they conquered. Since we're on cliches, it would be best at773 words
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Article, Illustration277 1986-04-26 7 Reuter YANNICK NOAH and Jimmy Arias scored clear-cut wins in the rain-swept Monte Carlo Open tennis tournament on Thursday but second seed Stefan Ed berg suffered before rain intervened to suspend his clash against West German Andreas Maurer. Arias andReuter - 277 words
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Page 7 Miscellaneous
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Miscellaneous1323 1986-04-26 7 W SHU) mm CENTRESTAQE Poppyland 8.30pm, Channell2 The story of a man, Clement Scott, who unintentionally ruins the things he sought to preserve a place and a person. Alan Howard is Scott and Phoebe Nicholls (right) is Louie Jermy, the woman whom Scott falls in love with. SATURDAY NIGHT MOVIE1,323 words
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308 1986-04-26 8 UPI JOHNSON and Johnson, beset by a second round of Tylenol poisonings, has announced a U*****.5 million first quarter loss, its first quarterly loss since going public 42 years ago. Now 100 years old, Johnson and Johnson had been continuously profitable sinceUPI - 308 words
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Article174 1986-04-26 8 Reuter IMPERIAL CHEMICAL In* dustries (ICI), Britain's leading manufacturing company, has reported pre-tax profits far lower than expected for the first quarter of 1966 at £204 million. Analysts had forecast ICl's profits for the period at around £225 million. The chemical company blamed its poorReuter - 174 words
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320 1986-04-26 8 Reuter WALL STREET stocks closed slightly higher on Thursday, as technology stocks rose against an increasingly bearish interest rate backdrop. IBM gained 2 3 /fc to 157 5 Rumours of a share buyback boosted the stock, but IBM had no comment. The Dow JonesReuter - 320 words
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131 1986-04-26 8 AP GENERAL ELECTRIC Co, the 10th largest US industrial corporation, is negotiating to buy a majority interest in Kidder, Peabody and Co, one of Wall Street's most closely held investment firms, the Wall Street Journal reported. It said on ThursdayAP - 131 words
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Article205 1986-04-26 8 145 AF® 24 70 INDUSTRIALS A Alpha Abercom 200 1080 3 -20 Anglos MININGS 4325 100 Amaprop 525 Angvool ***** 50 175 AMlC 3/25 1550 unch Btyvoor Buffets 6775 2750 100 Charter 1190 ***** 40 175 CNA Cum* Ftnance Edgars Fed Vofc 200 490 ***** 135 *>■« -5 inch205 words
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Article637 1986-04-26 8 An 24 us$ Alcon Ak*r*n 31** Alcoo 41 AWg fcni 21* \Mtch AJked S«o 51* Alcd Stores 391* ABs-Cholmers 5** unch Am Brandt Inc Ml Am Con Co 72** Am Cyonamid 70** 1 Am Etec Pwr 27* Am Exprau 631* 1 Am Home Prod 84** Am Motors Cp637 words
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Article917 1986-04-26 8 Amsterdam AM 24 Fh A8N 578 00 -2 106 20 -0 1 Ahotd 78 00 unch 169 50 -2 5 153 50 unch AMEV 84 70 -0 8 102 80 unch ***** -05 Bcrfcd 31 10 +08 685 00 unch Boehrmon T«tlefod« 162 50 +2-5 590 00 -2917 words
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Page 8 Advertisements
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Advertisement163 1986-04-26 8 Ml I I V"' V. >> j&SH 1 Royal Holiday Inn Singapore celebrates SECRETARIES' WEEK 1986 APRIL 26 Leslie Loong of Leslie Loong Boutique Lunch cum Fashion Show: $25.00 per person (plus 10% service charge and 3% cess). Lunch: 11.30 am to 2.30 pm Fashion Show by Carrie Models. 1.15163 words
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Advertisement159 1986-04-26 8 International Buffet At! $10.50* ONLY J 14 H V- ■m -1 j. <■ ■\Z* T st* d m V FEKN 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:159 words
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Advertisement170 1986-04-26 8 Top band nftiwan Ttwes»rvng ian~s have jua ftrened J (xnxth vqngarln japan Thevrvaoous group corrOnri mr» muscal BU <w«h superb tftowmarnftc loyve top class the* charming iwidnon of Engloh. Mandarin Japanese. From Is January 1986 to end of Jin «U«Mmgiou fuUam Operating houm 800pm to I 00 am *la drink170 words
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Advertisement120 1986-04-26 8 wmmm Cherry Blossom Time FURAMA It's Cherry Blossom Time at the unkai Japanese Restaurant from April 15 to 28. Come and indulge in an exquisitely prepared Japanese set lunch or set dinner from just $8.50++ to $20.00 Dinners on April 23 and 24 include exciting fashion shows at 8.15 pm.120 words
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Advertisement211 1986-04-26 8 London stocks on pago 11 If F AND THE PERFECT COMBINATION GOOD MUSIC AND GOOD WINE GOOD FRIENDS AND LAUGHTER YOU AND YOURS AT THE LOUNGE ROSEMARIE. DAISY. MANUELICA AND EMMANUEL. WITH CHART TOPPERS. OLDIES AND ROCK N ROLL. PUT EVERYTHING INTO PERFECT COMBINATION FOR A PERFECT NIGHT OUT CROWTI211 words
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INTERNATIONAL STOCKS
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Article423 1986-04-26 9 HONGKONG: The Hang Seng Index, buoyed by strong buying interest from overseas investors, rose 10.11 points to close at a record high of 1834.62. Brokers said sentiment was bullish as the flotation of Cathay Pacific proceeded and several foreign funds continued to recommend purchases of local shares seen as423 words
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Article222 1986-04-26 9 An 25 NT Kofcn 25 60 20 70 unch +04 AA Sncere Indus 2 72 24 40 •0 04 -02 Lee Chang Yuen 24 10 -0.7 31 30 01 12 55 -0 05 44 20 -0 1 35 90 -0.1 24 90 0 1 20 70 -03 ChKi Hsn222 words
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Article535 1986-04-26 9 TOKYO: Share prices yesterday rose slightly in moderately active trading led by export-related issues. The Market Average gained 7.83 to close at 15,689.88. Turnover was 570 million shares against 530 million on Thursday when the average rose 65.97. Brokers said the relative strength of the US dollar after its535 words
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Article77 1986-04-26 9 APR 25 F«« Morsteel Oriental B 0 011 unch Acoic Mining Anglo Phil PhJ Overseas Ph4ex B 0.015 020 +0002 0005 Apex Mrong B 001 unch unch Picop B P1_DT 76 1.5 Boguo Go4d Bosic Petroleum Benguet Con B First PM HkJgs 0003 no 370 0 0750 unch unch77 words
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Article173 1986-04-26 9 BANGKOK: Stocks closed generally higher in quiet trading this week with the cement sector leading the activity. After five trading sessions, the Securities Exchange of Thailand Index had risen 1.63 points to close at 129.68. Volume totalled 1.2 million shares valued at 215.0 million baht. APt 25 Bohts Sermsuk173 words
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Article70 1986-04-26 9 APR 25 Won HyurxJo Const Hyundoi Motor KAL 937 2070 1110 +2 unch Bonk S«oU 684 -1 .9 Chotoung Bk 650 715 -10 2098 18 W +10 KorcoSKp 411 21 890 -30 1079 28 1115 15 12 16 13 980 unch 480 Somvjng El*c 1992 2 1315 Somwhon 101070 words
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177 1986-04-26 9 AP JAPAN'S largest ink manufacturer, Dainippon Ink and Chemicals Inc, has been trying to purchase the US Sun Chemical Corp to attain roughly 10 per cent of the world's market share. If the takeover succeeds, it may be the largest by a JapaneseAP - 177 words
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Article92 1986-04-26 9 AP THE Tienjin International Trust and Investment Corporation of China is considering building a US$l5 million pulp and cardboard factory in Malaysia. The company's director, in an interview published in the New Straits Times in Kuala Lumpur yesterday, said the project was being studied for itsAP - 92 words
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327 1986-04-26 9 FT MATSUSHITA Electric Industrial, the world's largest consumer electronics company, is abandoning production in Japan of audio products worth less than US$lOO in favour of offshore production in Singapore and Taiwan. Matsushita's move is the latest in a string of similar moves by JapaneseFT - 327 words
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Article158 1986-04-26 9 AP ELECTRONICS giant Hitachi Ltd of Japan announced on Thursday it had agreed to buy US$65 million worth of American-made products from 38 companies as part of a planned $400-million spending campaign in the US this year. Shiro Kawada, the executive vice-president of Hitachi, madeAP - 158 words
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350 1986-04-26 9 AFP VIETNAM has suspended negotiations on an oil exploration agreement with the Belgian company Petrofina in order to study the effect of the fall in world oil prices. The agreement, which has been under discussion for the past 18 months, was toAFP - 350 words
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Page 9 Advertisements
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Advertisement665 1986-04-26 9 it. I? T Si I aw SG K iF.fi For a Rsranakan Buffet Lunch so good, even Nonyas feel at home. For over a decade we've been known for Peranakan Buffet lunches with a home-cooked flavour. You too can enjoy the pleasure daily, for only S$ 14.00+ per person. The665 words
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Advertisement56 1986-04-26 9 $12.50 Children below 12 years old S9 00* BUFFET-LUNCH COMBINING THE BEST OF EASTERN WESTERN DISHES Jointly pnMDttd by Calm-Court Faking A Sichuan Raataurant A Tha Coffaa Qardan kr 19, Cairnhill Circle, Singapore 0922. Tel: *****22 Telex: RS ***** n 3i What's So Special at Window on the Park? HlfijuD56 words
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SHARE INFORMATION
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Article, Illustration4275 1986-04-26 10 THE FINAL HOUR of short-covering allowed share prices on the Singapore stock market to close just above their lows for the day yesterday. Trading was thin throughout the day with the exception of turnover in a couple of stocks, Promet and Dah Yung,4,275 words
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Article270 1986-04-26 10 SINGAPORE Rises IfM ■11 llCtl April 24 Aard 29 481 37 477 38 *****08 *****59 A N 100H 512 13 IT Compouta BT Indicator lot Wood 49 630 230 7 IT Of/OS -91 -161 S 1 A 5 ■t Cadi -7414 -7466 Mognwm Corpn 4 •TOtV •*****4270 words
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Article2666 1986-04-26 10 SECTION ONE INDUSTRIAL COMMERCIAL Acmo (0 906) (2) 0 88** (8) 089 (9) 0 894 (9) 0 904 (I) 0 90 (2) 0 91 (5) 0 92 (1) 0 91 (2) 0.9 m (23) 090 (3) 0 904 Alcorn (0 448 0 465) Amol Steel2,666 words
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Article121 1986-04-26 10 HONGKONG Hong Kong Index Friday 1139 86 Thursday 1133 45 Week 090 1112 78 Hang Seng Index Fnday 1834 62* Thursday 1824.51 Week ago 1790 40 Australian Industrials Friday Closed Thursday 1974.4 Week ogo 1983.9 NEW YORK Dow Jones Thursday 1831.72 Wednesday 1829 61 Week ogo 1855 03121 words
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Article267 1986-04-26 10 Monogers' prices for April 26 28 MARA-Bumiputrs Frst B'putro 4 20 4 25 Singapore Unit Trust Second B'putro Thrd B'putro 3 73 3 18 3 78 3 23 The Commerce 0 77 0 82 Fourth B'putro 339 344 The Savings Fund 0 60 0 65 Fifth B'putro 1267 words
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Page 10 Advertisements
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Advertisement10 1986-04-26 10 KL narktt rsport, Business dons on ths KLBE, Page II10 words
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COMPANY NEWS
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Article, Illustration256 1986-04-26 11 HOCK LOCK SIEW - sap? GW By HOCK LOCK SIEW ALTHOUGH it made a disappointing debut in mid-December dropping one dollar below its $5 offer price glamour stock Singapore Airlines has turned out to be a winner after all. While the local punters, negatively conditioned by the256 words
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552 1986-04-26 11 LISTLESS trading conditions continued to prevail on the Kuala Lumpur stock market yesterday, with share prices finishing generally easier. Trading was so lethargic that even speculative counters were lightly traded as investors preferred to stay away. Turnover fell to only 5.50 million units valued552 words
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Article820 1986-04-26 11 SHARE PRICES opened higher yesterday in a technical reaction to Thursday's sharp falls as bargain hunters moved in to pick up stock at the recent lower levels. At 9.45 am, the FTSE 100 Index was up 15.3 points to 1,630.8. The index on Thursday came close to testing820 words
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608 1986-04-26 11 MBT PROPERTY DEVELOPER Datuk Mak Kok's one-week offer to buy over forward contracts in Grand United Holdings Bhd and Supreme Corporation Bhd from six brokerage houses in Singapore has taken on a new dimension. The deadline for the offer was Wednesday.MBT - 608 words
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512 1986-04-26 11 CHAN OI CHEE - By CHAN OI CHEE HEAVY SELLING in shares of Dah Yung Investments on the Stock Exchange of Singapore (SES) yesterday has triggered speculation that the traditional gas manufacturer could be in financial trouble. Shares of Dah Yung, which embarked on an aggressive acquisition512 words
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209 1986-04-26 11 PROMET BHD's listed arm in Hongkong, Promet Petroleum Ltd, has reported a loss of U*****,525 (or fiscal 1985, against $90,481 in 1964. With losses carried forward, the red-ink figure was $377,006. In the company's annual report a year ago, chairman Ibrahim Mohamed209 words
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Article254 1986-04-26 11 SIM UN INVESTMENTS Ltd said it has established a whol-ly-owned subsidiary company called Taiwan Oilseed Processing Co Ltd in Taiwan to process and extract soybean oil, soybean feedmeals and other related products. The authorised capital of the subsidiary is NTJ48 million and the proposed paid-up capital will be254 words
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Article2538 1986-04-26 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. MDUSTRMLS Acuta (0.996) Aiinomoto <3 1 OS) xd AMD (32,538 words
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Article101 1986-04-26 11 ALUMINIUM COMPANY •f Malaysia Berfaad: 25th AGM at the Teratai Room, 2nd Floor, Tower Block, PJ Hilton Hotel, Jalan Barat, Petaling Jaya, on Tuesday, April 29, at 9.30am. MALAYAN CEMENT Berhad: 36th AGM at 1st Floor, Wisma Damansara, Jalan Semantan, Damansara Heights, Kuala Lumpur, on Tuesday, April 29,101 words
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Page 11 Advertisements
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Advertisement341 1986-04-26 11 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANGE A We, Horng Woel Industrial Co. (Private) Limited, of 111, North Bridge Road, Peninsula Plaza #07-17, Singapore 0617, hereby give notice that in consequence of our Intended purchase, we have applied to the Registrar of Singapore Ships under section 417 of the Merchant Shipping341 words
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Advertisement443 1986-04-26 11 THE COMPANIES ACT CAP. 1« MAJOOAY PTE. LTD. (la vataaUry liqaM&tiaa) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at Suite 1516, Prince's Building, Hongkong on the 25th day of April, 1986. the special resolution set out below was duly passed:"Resolved that443 words
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626 1986-04-26 12 SOH TIANG KENG - Many companies on application list By SOH TIANG KENG, Financial Correspondent SINGAPORE'S Unlisted Securities Market to help small and medium-sized companies achieve their full potential appears set for take-off during the third quarter of the year. BT understands the market will be launched626 words
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121 1986-04-26 12 Reuter CHINA yesterday criticised lying by officials and said that the government sometimes had to rely on foreign news reports to discover what was going on. The People's Daily, in its lead article, urged communist party and government officials to report truthfully their workReuter - 121 words
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369 1986-04-26 12 AFP STOCK of the defunct Carrian business empire's quoted flagship was described as "champion of the market" in 1981 when the rest of the market was losing ground, the Carrian trial heard yesterday. Barry Yates, a financial analyst with theAFP - 369 words
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Article, Illustration254 1986-04-26 12 UPI PHILIPPINE Finance Minister Jaime Ongpin signed an agreement yesterday aimed at expediting US$B2 million in Japanese loan aid but appealed for swift additional assistance to help Manila cope with "serious budgetary problems". Earlier, Prime Minister Yasuhiro Nakasone told Mr Ongpin, who wasUPI - 254 words
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369 1986-04-26 12 Reuter, AFP JAPAN is importing more manufactured goods than it has for 12 years, but not nearly enough to satisfy its major trading partners. A study released yesterday by the Japan External Trade Organisation (Jetro) showed that manufactured goods imports were U5540.16 billionReuter,; AFP - 369 words
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Article64 1986-04-26 12 AUSTRALIAN Prime Minister R J L Hawke will arrive in Singapore on a one-day visit tomorrow. Accompanied by his wife, he will be met at the airport by Mr Yatiman Yusof, Parliamentary Secretary (Foreign Affairs). Prime Minister Mr Lee Kuan Yew will hold a dinner64 words
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Article89 1986-04-26 12 Reuter COMEX GOLD futures got a psychological lift in early dealings yesterday from news that Japan's Parliament had approved the minting of 10 million gold coins but the buying enthusiasm was tempered by declining oil prices. Spot gold edged up US$O.4O at $345.50 an ounce. The leading JuneReuter - 89 words
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Article64 1986-04-26 12 Reuter WALL STREET stocks worked higher yesterday, with stronger IBM again leading the move. An initial decline in interest rates and oil prices also bolstered values. IBM was up 1 7/ s to 159Vt in active trading. The Dow Jones Industrial Average gained six points to 1838.Reuter - 64 words
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LATE FILE
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Article36 1986-04-26 12 AP ASEAN foreign ministers will discuss how to put pressure on Vietnam to withdraw its troops from Cambodia when they meet in Bali next week, said senior Malaysian officials yesterday. APAP - 36 words
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50 1986-04-26 12 Bernama MALAYSIA will sign a joint trade agreement with a mission group from China visiting the country in June. Finance Minister Daim Zainuddin said yesterday that the agreement would enable Malaysia to have direct trade with the country and bypass "middlemen" countries. Be mamaBernama - 50 words
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33 1986-04-26 12 Reuter THE Norwegian government, invoking obligatory arbitration procedures, yesterday intervened to end a 19-day-old dispute that had halted the nation's vital oil and gas output. ReuterReuter - 33 words
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Article36 1986-04-26 12 AP EUROPEAN Community agriculture ministers yesterday approved a 1986 farm price package which freezes prices for a second straight year and includes measures to curb cereal and dairy output. APAP - 36 words
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Article45 1986-04-26 12 Reuter A POWERFUL car bomb exploded outside a Madrid hospital yesterday, killing five paramilitary civil guards in Spain's worst guerilla attack in two years. Police said the bomb was set off by remote control during the morning rush hour. ReuterReuter - 45 words
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Article54 1986-04-26 12 Reuter PREMIER Rajiv Gandhi held urgent talks with his aides yesterday after discontent among ruling Congress (I) Party elders threatened to erupt into open revolt. Party sources said the meeting came after Congress (I) executive president warned that the party was in danger if "corrective steps"Reuter - 54 words
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Page 12 Advertisements
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Advertisement216 1986-04-26 12 Business Hfe Ah .'v'Ec^ J2is\2rMMXK ~4kWl W* J& fs£fs* S' •> "N v- > C 2001 ass V v 4S 4 m h a* ?-.r* We iMfei p -.V ÜBS r <* V f =N v -s $>' T* v: >✓-*, (r SthF i*' fc v; »v f i v216 words
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Page 12 Miscellaneous
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Miscellaneous52 1986-04-26 12 Outlook for today: Showers over several areas in the mid-morning. Report for 24 hours prior to 7.30pm on Apr 25 at the airport: Maximum temperature 31.8 Associated humidity 67 Minimum temperature 24.7 Associated humidity 97 Hours of sunshine 8.10 Roinfoll in millimetres 11.0 Roinfall this month 148.4 Rainy days this52 words
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