The Business Times, 7 June 1986
1986-06-07
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The Business Times
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Title Section12 1986-06-07 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, JUNE 7, 1986 75 CENTS12 words
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Article, Illustration799 1986-06-07 1 MANO SABNANI - By MANO SABNANI THE GOVERNMENT has reiterated that individuals are welcome to comment on public policy by whatever means available, but professional bodies set up to look after the interests of their members should confine their comments to matters which affect them. It is799 words
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173 1986-06-07 1 THE INSTITUTION of Engineers (lES) yesterday stated that as an organisation, it will not participate in political matters nor does it hold any mandate to talk on issues unrelated to the engineering profession. The lES was making its stand in the light of a173 words
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Article, Illustration386 1986-06-07 1 ANNA TEO - Plans to put NPB under Ministry of Trade Industry Transfer seen as move to improve coordination By ANNA TEO PLANS ARE underway to move the National Productivity Board, now under the Ministry of Labour, to the Ministry of Trade A Industry. At the same time, the Skills Development Fund will386 words
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187 1986-06-07 1 AP THE YEN's recent rise intended to help reduce Japan's trade surpluses may make slower economic growth inevitable, but smaller surpluses remain the most important goal. "With the yen's appreciation as a catalyst, we are striving to achieve this end, though it will requireAP - 187 words
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Article, Illustration215 1986-06-07 1 AN INCREASE in buying activity during the afternoon session helped share prices to close higher on the Singapore stock market yesterday. Most of the gains yesterday were recorded by index-compo-nent stocks. As a result, the BT Composite Index advanced 5.63 points to 582.24 and the Straits215 words
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Article, Illustration370 1986-06-07 1 LUCY NG - By LUCY NG LIKE BUTTERFLIES, the Singapore Girls float through the soft focus advertisements for Singapore Airlines. But also like butterflies, their flying days are quickly over. They are grounded at an earlier age than their male colleagues and that is the way it370 words
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245 1986-06-07 1 Reuter THE Australian dollar sank on foreign exchange markets yesterday as employers and union leaders traded charges of who was to blame for the country's economic ills. The Confederation of Australian Industry (CAI) heaped blame on the unions, saying spiralling wages and otherReuter - 245 words
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Page 1 Advertisements
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Advertisement173 1986-06-07 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM 7 < 0 c /TIZUXU 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. Mastercrafted173 words
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Advertisement219 1986-06-07 1 mm SHARE INFORMATION MONEY EXCHANGES RAW MATERIALS SHIPS IN PORT TV RADIO OUR VIEW THE BRITISH ARE LOSING OUT in the tourist gome. The Americans are giving London the cold-shoulder and young Japanese women prefer the more "cultured" Paris. England plans a publicity campaign to rid itself of a macho219 words
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Advertisement8 1986-06-07 1 @}=|"~|"@=;\/${>({*&(_-&-%?(*/% i PUT ON A CROCODILE WEAR A LEGEND8 words
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Advertisement19 1986-06-07 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Nt MntgtniffiT tna Aavtmving/ MirKtiing pagii will appear on Tuaaday Inataad of Monday19 words
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HOME NEWS
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476 1986-06-07 2 ANNA TEO - NPB to foster ties among small and medium companies By ANNA TEO "HAPPY HOUR" sessions during which bosses of small- and medium-sized enterprises (SMEs) in similar industries can gather to exchange views and market information are in the offing from the National Productivity Board. "We476 words
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Article, Illustration251 1986-06-07 2 SIXGAPORE FESTIVAL OF ARTS >3 w SKIFFLE MUSIC, a zany magic show as well as a play about the dark side of life dominate today's Arts Festival Fringe activities. At the Dynasty Hotel Forecourt at 1 pm, the Rough'n Ready Roadshow, made up of five251 words
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Article, Illustration416 1986-06-07 2 JAIME LYE - By JAIME LYE SAMUEL BECKETT'S work did not go down very well with the lunchtime crowd that filled the Shell Theatrette yesterday, judging from the number of people who decided to creep out halfway through the performance. Perhaps the dark and depressing side of life416 words
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Article116 1986-06-07 2 THE Economic Development Board's first public forum to explain new guidelines and obtain feedback has received an encouraging response, if registrations for the event in the past two days are an indication. About 80 executives, bankers and accountants have indicated interest in attending the forum116 words
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202 1986-06-07 2 BRANCHES OF THE People's Action Party have been urged to recruit 40 to 50 members each over the year for the Youth Wing. The target was set by Acting Trade and Industry Minister Lee Hsien Loo rig during a talk for party activists recently.202 words
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333 1986-06-07 2 THE COMMUNITY Chest of Singapore approaches 20 companies each month but only one in two is able to help. "Companies were more hesitant to give us time, even for interviews, because of ongoing retrenchment and wage negotiations," said Mrs Bee Wan Ditzig,333 words
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255 1986-06-07 2 ABOUT 750 tenants of the Housing and Development Board's industrial and commercial property will benefit from the recent halving of rent deposits for private limited companies. All 23,000 tenants of HDB's shops and offices will now pay a standard three-months' rent as deposit before255 words
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206 1986-06-07 2 SINGAPORE had the necessary infrastructure to become a regional countertrade service centre, said several participants at the end of a two-day international countertrade conference yesterday. Those taking part in the countertrade conference on global opportunities, held at the Westin Plaza, felt that the206 words
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Article, Illustration404 1986-06-07 2 ELAINE KOH - By ELAINE KOH POSTGRADUATE TRAINING on a part-time basis or module form is going to be an important way to upgrade the management skills of both entrepreneurs and management personnel, said a Member of Parliament at the opening of the 16th National Management Game.404 words
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Article815 1986-06-07 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrivol Departure KEPPEL WHARVES Akindi K19 Unipocific alongside 07.6.86/1100 Auby K24W SSPL alongside 07.6.86/0600 Barber Nora K9 Barber alongside 07.6.86/0400 B'tang Belait K24E SSPL alongside 07.6.86/0600 Qmghecheng Soph»e Ricks K15 Y Fung alongside 07.6.86/0700 K18 J Manners alongside 07.6.86/0600 S'them Glory815 words
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ASIA-PACIFIC
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419 1986-06-07 3 AP THE HOUSE of Representatives Foreign Affairs Committee on Thursday approved resolutions calling for a full democracy in South Korea and criticised North Korea for abusing human rights and threatening South Korea. The committee approved the two measures on voice votes withoutAP - 419 words
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223 1986-06-07 3 AFP CANBERRA is moving to curtail dole payments to unemployed New Zealanders who have been able to enjoy many months of holiday in Australia at Australian taxpayers' expense. A government spokesman says the move was prompted by increasing hostility towards the rising numberAFP - 223 words
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Article120 1986-06-07 3 Reuter SOUTH KOREA expressed concern on Thursday over growing relations between Moscow and Pyongyang, Japanese Foreign Ministry sources have said. South Korea said at consultations in Tokyo between the Japanese and South Korean foreign ministries that Moscow-Pyong-yang relations might have a negative effect on the south'sReuter - 120 words
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Article, Illustration369 1986-06-07 3 AFP NEW ZEALAND Prime Minister David Lange will seek arbitration, if necessary, to restore normal relations between his country and France. But he reiterated that New Zealand would not release the French intelligence agents Alain Mafart and Dominique Prieur who are serving aAFP - 369 words
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337 1986-06-07 3 AP MINORITY TAMILS are shedding their ancestral Tamil names and adopting new surnames of the Sinhalese majority to escape discrimination and violence stemming from the nation's ethnic conflict. An increasing number of "change of name" notices are appearing in daily newspapers, with anAP - 337 words
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99 1986-06-07 3 AP THE INDONESIAN central bank has issued a regulation entitling foreign joint ventures to obtain state bank loans under certain conditions. According to a Bank Indonesia announcement, the decision is meant to boost investments and to increase Indonesian capital participation in foreignAP - 99 words
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220 1986-06-07 3 AP THE US SENATE voted by the narrowest of margins on TTiursday to permit President Reagan to sell US missiles to Saudi Arabia, refusing to overturn his veto of a measure that would have blocked the deal. The Senate voted 66-34AP - 220 words
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Article, Illustration569 1986-06-07 3 UPI, AFP PREMIER ZHAO ZIYANG has told a visiting US economic delegation that foreigners can invest in China with confidence because the nation is stable and "Chinese leaders mean what they say". Mr Zhao told the 70-member US delegation led by former Democratic PartyUPI,; AFP - 569 words
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262 1986-06-07 3 AP CHINA HOPES to receive from 10 million to 12 million tourists a year from abroad by the end o( the century, and is pushing ahead with plans to increase tourist facilities and improve service, a government tourism officialAP - 262 words
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Article820 1986-06-07 3 ARRIVALS Operator Strnci Local tin* From SIA UA CAL MK MAS KAL SQI17 UA805 CI333 MK746 MH681 KE624 0005 0010 0215 0755 0620 0840 KUL JFK/SFO/HKG TPE MRU KUL KUL CV MAS MAS AC CV796 MH81I MH671 AC858 0645 0910 0920 0950 LUX/DXB PEN KUL YYZ/LHR/BOM SIA820 words
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213 1986-06-07 3 Bernama PARTI BERSATU SABAH president Datuk Joseph Pairin Kitingan said tie is "very happy" that his party has been accepted into the National Front. "I am naturally very happy to see PBS admitted into the Barisan Nasional at last," the Sabah Chief Minister saidBernama - 213 words
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192 1986-06-07 3 AFP AT LEAST SEVEN framers of a new Philippine Constitution are against the specific mention of Sabah in the charter's definition of national territory, the Philippine News Agency (PNA) has said. Former MP Hilario Davide, a member of the 50member panel, had earlierAFP - 192 words
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Page 3 Advertisements
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Advertisement60 1986-06-07 3 f f Quote, Unquote p p Learn your lines. Don't bump into the furniture. And in the kissing scenes, keep your mouth closed. Former actor President Reagan's advice to Senators on how to look their best before the television cameras now covering their deliberations. Earlier this week, the Senate inaugurated60 words
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Advertisement56 1986-06-07 3 I f 11 \I I II l| I Every Tuesday, Thursday, Saturday and I I VI \l I f I 11 \l Sunday. Leaving Changi Airport at I Jy /i_ l J 1 22:05 hours and arriving at Heathrow pt 07:05 hours the following morning. Call Air Canada at *****5556 words
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REST OF THE WORLD
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283 1986-06-07 4 FT THE PICK-UP in the level of economic activity in France will remain modest this year and the next according to the BIPE, France's leading private forecasting organisation. The BIPE forecasts real GDP expanding to 2.1 per cent this year after a growthFT - 283 words
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Article64 1986-06-07 4 UPI HUNTING potential waste in government cost the US administration US$25O million in 1964, but most of the findings had already been detected routinely. The Washington Post yesterday quoted a government official as saying that the 1984 project generated "mountains of paper work" and that it costUPI - 64 words
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383 1986-06-07 4 FT THE RELUCTANCE of US tourists to visit Europe following threats of terrorist attack may already be having its effects on the UK economy. Revised estimates from Britain's Central Statistical Office on Wednesday showed that the UK's surplus on the current accountFT - 383 words
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155 1986-06-07 4 Reuter BRITISH Prime Minister Margaret Thatcher is unlikely to call a general election until the summer of 1988, allowing time for planned tax cuts through two more annual budgets, say government sources in London. Mrs Thatcher, whose Conservative administration hasReuter - 155 words
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251 1986-06-07 4 UPI BREAKTHROUGHS in medical technology are likely to become cloaked in corporate secrecy as scientists turn more to private research and the profit motive overshadows benefits to mankind. Dr Lee Wetzler of Rockefeller University Hospital said recent cuts in federal grants haveUPI - 251 words
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Article, Illustration447 1986-06-07 4 Volcker's views challenged Reuter US INFLATION is not likely to be a problem anytime soon, even if oil prices stop falling, economists say, challenging the prognosis of Federal Reserve Board chairman Paul Volcker. Mr Volcker sent the US credit markets into a tailspin onReuter - 447 words
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Article190 1986-06-07 4 UPI US TRADE representative Clayton Yeutter said it was time for the US and Canada to "calm down for a while" in a trade dispute that has spawned tariffs by both countries. Mr Yeutter said in a television interview that the US was notUPI - 190 words
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RAW MATERIALS
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462 1986-06-07 4 Reuter COPPER, URANIUM, gold and silver should start flowing from the Olympic Dam project on the Roxby Downs cattle ranch in South Australia from July 1, 1988, according to project executives. Joint venture partners Western Mining Corp Ltd and BP AustraliaReuter - 462 words
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156 1986-06-07 4 A SECOND hedging contract for rubber futures, the TSR 20, will be introduced on July 1 for September delivery. The chairman of the Rubber Association of Singapore, Mr Ling Lee Hua, said the contract form was a marriage of the best156 words
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Article476 1986-06-07 4 COFFEE Robusta futures rose to session highs in late trading on Thursday, matching a similar trend in New York, and closed with gains of £40 to £59 a tonne. Some concern over Brazilian weather aided the late upturn, although Accu-Weather reported no damaging cold was expected. SUGAR Raw476 words
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309 1986-06-07 4 AFP THE INTERNATIONAL Wheat Council (IWC) has cut its estimate of 1986 world wheat output by two million tonnes to 523 million tonnes, which still exceeds last year's output of 510 million tonnes and the 1984 record of 522 million. The reduced forecast,AFP - 309 words
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Article125 1986-06-07 4 WHEAT FUTURES on the Chicago Board of Trade were mostly higher at Thursday's close of a quiet session, finishing three cents a bushel higher to V 4 US cent lower. Weather provided a supportive background for the market. Persistent rain in the southern US has delayed the harvest of125 words
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Article66 1986-06-07 4 Bangkok A-l Speool 112 (US$/tonne, FOB) White Rice C-l Special C-l Ord unq unq 100% 1st class 100% 2nd doss 240 215 Loonzoin Rice 100% 3rd class 210 100% 1st grade unq 5% 200 100% 2nd grode 210 10% 195 100% 3rd grode unq 15% 190 20% 180 Parboiled66 words
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Article87 1986-06-07 4 TIN PRICES M the Kula Lnmpnr Tin Market rwe five cents yesterday to end at MH4.11 per kg (rem Thursday's dose, mainly on eevering ahead of the leng weekend. Strong Interest was noted at the lower level with haying concentrating aronnd Thursday's levels hat withdrew when the priee87 words
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Article194 1986-06-07 4 MALAYSIAN crude palm oil prices closed slightly lower yesterday on light selling and buyer reserve in sympathy with easier palm oil futures, as reports of India's palm oil purchase at its tender on Thursday were offset by a weaker Chicago soyoil futures close. Trading was very quiet, with194 words
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Article95 1986-06-07 4 TOKYO Futures closed mostly firmer yesterday with gains of 0.4 to 4.L yen per kg except December which fell 0.2 to 136.4 yen. After opening mostly easier, the market came under sporadic profit-tak-ing buying and short-cover-ing stimulated by concern over the instability of yen/dollar rates. Trading was light as95 words
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Article154 1986-06-07 4 Chinese Produce Exchange Sellers' noon doting XKtS OH June 6 (SS/100 kg). Coconut oil Bulk FOB 48 00 CWd drum FOB 61 00 New drum FOB 65 00 Copra 26 Mixed (loose) buyers Pepper Muntok White FOB NLW 1185.00 Sarawak White FOB foq NLW 1170.00 Sarawak special 830154 words
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Article183 1986-06-07 4 SOYBEAN FUTURES on the Chicago Board of Trade climbed from 3'/« US cents to one cent a bushel at Thursday's close of a quiet session. Prices rallied near the end, breaking out of a twocent range that prevailed for most of the session with few developments in the market.183 words
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Page 4 Advertisements
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Advertisement9 1986-06-07 4 Voicker will not urge more rate cuts, next page9 words
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Page 4 Miscellaneous
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Miscellaneous81 1986-06-07 4 Doonesbury 5== —"v 5 iur. Aw iHn7 IS 'MANORIAL REGuMMtNPEP, msmr* Tcorv&RGn JUST FOR A CORRECT FORM VTLESHIP #75VV *31 A a u iy I KNOW YOU SPtNT YOUR MINTtR HANGING OUT WH PREPS, BUT APPARENTLY THERE'RE SOME&6 DIFFERENCES OEIUB£NTH£ AMERICAN ANP BRfTJSH UPPER m <s BY GARRY TRUDEAU U£U.81 words
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BANKING AND FINANCE
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163 1986-06-07 5 Reuter THE RESERVE BANK of Australia said it had told Australian banks that each bank was expected to place a limit on the size of large credit exposures relative to the shareholders' funds of its banking group. The move reflects a new, moreReuter - 163 words
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171 1986-06-07 5 AFP CHINA IS CONSIDERING passing new laws to govern the activities of foreign finance companies in the country's special economic zones. Luo Xianrong, general manager of the Shenzhen branch of the People's Bank of China, said in Shenzhen on Wednesday thatAFP - 171 words
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Article109 1986-06-07 5 CITICORP Investment Bank (Singapore) Ltd is lead managing a US$45-million seven-month bridging loan (or Carter Holt Harvey Ltd of New Zealand. A Citicorp spokesman said the loan, at 5/16 point over sixmonths London Interbank Offered Rate, would be in two tranches a USJIO-million banker's acceptance by109 words
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656 1986-06-07 5 Tokyo and Bonn will not be pressed Reuter FEDERAL RESERVE BOARD chairman Paul Volcker has declined to press West Germany and Japan to make additional cuts in their discount rates. Mr Volcker made the remarks before the House Banking Committee's subcommittee on domesticReuter - 656 words
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411 1986-06-07 5 Reuter THE CANADIAN province of Manitoba has decided to postpone indefinitely its samurai bond issue, in a move that highlights the market's lack of liquidity and investor appeal. Manitoba had planned a parpriced 20 billion yen, 10-year issue, with a 6.1 per centReuter - 411 words
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94 1986-06-07 5 Reuter BANKAMERICA Corp has reorganised the world banking division of its lead bank, Bank of America NT and SA. Under the restructuring, worldwide corporate payment services will come under the world banking division's wing and the US commercial and investment banking groups will integrate theirReuter - 94 words
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220 1986-06-07 5 UPI BRAZILIAN officials met the bank advisory committee on Thursday to discuss documentation of a US$3l billion restructuring package agreed to in March. Antonio Seixas, director of the central bank for external debt, led the Brazilian delegation at the one-day meeting. They discussed withUPI - 220 words
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145 1986-06-07 5 Reuter A GROUP OF leading Japanese city banks has formally requested the Finance Ministry for permission to issue bonds abroad through their parent banks and nominal entities abroad to raise lending funds. The request was prompted by the ministry this month allowingReuter - 145 words
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Article95 1986-06-07 5 Reuter THE BANK of Thailand has rejected a request from the Thai Bankers' Association to reduce the current 8 per cent capital fund-risk assets gearing ratio for commercial banks. The central bank described as suitable the current ratio limiting a commercial bank's lending to 12.5Reuter - 95 words
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702 1986-06-07 5 NYT BANKERS all across America are rolling out the red carpet for the consumer. In New York, the Irving Trust Co encourages 500,000 wealthy individuals to apply for unsecured lines of credit, and the Chemical Bank offers a US$5 reward toNYT - 702 words
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MONEY AND EXCHANGES
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Article642 1986-06-07 5 SINGAPORE The US dollar closed narrowly mixed yesterday against most major currencies after fluctuating throughout the day, in fairly active but nervous trading. The dollar closed easier at 168.00/10 yen compared with New York's 168.60/70 close, after fluctuating between a range of 169.06 and 167.40 with dealers reporting642 words
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Article89 1986-06-07 5 RESULTS OF TENDER held on June 6 for 91-day Treasury bills to be issued from June 10 to June 13: Offered: $200,000,000 Applied for: $368,350,000 Allotted: $200,000,000 Accepted bids: $99.48 approximately 73 per cent, higher bids in full. Avenge rate ef discount on allotment: 1.980 per cent per89 words
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Article118 1986-06-07 5 THE OVERNIGHT rate on the Singapore interbank money market rose by 5/8 point from Thursday to close at 5Vi per cent yesterday. The one, two and threemonth term rates rose by 1/16 point each. S$ Interbank rates at 7pm yesterday: otif IkI rxght 5 1/2 5 3/8 I118 words
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Article, Illustration339 1986-06-07 5 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels yesterday in thin pre-weekend trading. Short-dates eased 1/16 point at the outset due to lower US federal funds rate but thereafter remained unchanged. Weekend, Monday/Tuesday and week fixed closed at a common 7Vfc 7 per cent. The Fed's addition339 words
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Article230 1986-06-07 5 Interbank rates at 3pm yesterday: Local dollars to am unit of for#ian Wd Odor c WW ipfwiw tiwwy currency: US dolor 2 2290 2.2310 2.8196 -20 95 Sterling pound 3 3624 3 3676 7 3469 -54 23 Australian dolor 1.5417 1 5447 ***** -5503 NZ dolor 1 2460230 words
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Article363 1986-06-07 5 BA Futures SEPTEMBER EanMlar traded higher to 92.73 yesterday, after opening three ticks higher than the previous close at 92.71. But the market remained cautious in a quiet session ahead of the release of US unemployment figures. Liffe opening saw a similar trading pattern with the contract finally settlingBA Futures - 363 words
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Article241 1986-06-07 5 HONGKONG: The metal closed firmer yesterday on sporadic local short-covering which outweighed a few overseas selling orders in the afternoon. Bullion edged up to U*****.60/90 an ounce from an initial U*****.50/80 and was above New York's final U*****.20/70. On the local market, gold was unchanged from Thursday's close of241 words
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TIME-OFF
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Article480 1986-06-07 6 WORST JOB IN THE WORLD is to be the head of a tourist promotion board. You are in what a White House press secretary or any other jargon issuer of disinformation might describe as "an ongoing no win situation." On the surface it looks a480 words
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Article, Illustration805 1986-06-07 6 MONICA GWEE - Jeremy Monterio has just released "Back to Basics", a jazz album and tape scoop achieved by luring local and foreign jazz talents into a recording studio at an ungodly hour. They trooped in at 1 am and "staggered out" seven and a half hours later with805 words
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Article1386 1986-06-07 6 What's on from June 7-13 w CONCERTS: Stephen Bishop-Kova-cavich. Victoria Concert Hall. Bpm. Established as a major international artist, Stephen Bishop is a regular guest at major music festivals. In 1984, he made his conducting debut with the Houston Symphony Orchestra in an all-Beethoven programme. Tonight's programme includes Bach's1,386 words
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Article, Illustration99 1986-06-07 6 THIS WEEK, SMI lunch-time cultural programme will feature a presentation by Captain Michael Hatchar (above), tha daapaaa explorer and traaaura hunter. Captain Hatchar will alao talk about hia two fabuioua finds $5 million worth of porcelain from a sunken 17th century Chinaaa junk in international99 words
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Article270 1986-06-07 6 THE INTERNATIONAL system of abbreviating the names of airports means that passengers from Finland's Helsinki airport bound for Changi are coming from HEX. to SIN. A FOOD STALL in Parkway Parade has given a traditional local dish a non-traditional slant. It advertised: "Recession special offer: sambal270 words
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Page 6 Miscellaneous
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Miscellaneous779 1986-06-07 6 STS JHH CRYPTIC PUZZLE ACROSS 9 You'll know there is from the snging, while you play <4, 5) 10 Part with a tea crate that's damaged (9) 12 Laughter the joke about the bell-ringers was Seeted with? (4) t forced, though it's hard with a veto on (4, 2) 14779 words
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SPORTS
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Article, Illustration542 1986-06-07 7 AP ARGENTINA, the 1978 winner, and the Soviet Union emerged yesterday as favourites to win their respective first-round groups at the 1986 World Cup, while surprising South Korea picked up its first-ever point in the competition. All three games ended with the same 1-1 scoreline.AP - 542 words
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Article354 1986-06-07 7 Reuter THE WORLD CUP finals, seen as a possible month of fiesta for Mexico, is turning sour with street riots, empty terraces, a falling peso and even the weather against the tournament. Stung by the scale of destruction and rioting after the host team's match againstReuter - 354 words
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342 1986-06-07 7 AP THE HOUSTON ROCKETS rode an emotional high caused by the second-period ejection of star forward Ralph Sampson, and got 32 points, 14 rebounds and eight blocked shots from Akeem Olajuwon for a 111-96 victory over the Boston Celtics on Thursday night that keptAP - 342 words
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Article, Illustration566 1986-06-07 7 AP THE LONGEST-RUNNING SHOW in tennis history Martina Navratilova versus Chris Evert Lloyd will stage its 69th renewal for the women's title at the French Open tennis championships. After two weeks of rehearsals and preliminaries, the world's top two-ranked women assured the resumption of their rivalry onAP - 566 words
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370 1986-06-07 7 WALTON MORAIS - By WALTON MORAIS WITH A 19-STROKE LEAD, former champion Sembawang is in the driving seat for the final round of the Premier League golf championship at Sentosa tomorrow. Unless M Murugiah, M Balraj, P M Samy, Annavi Chelliah and JK Sen court disaster by trying370 words
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177 1986-06-07 7 AFP THREE YEAR-OLD COLT Ferdinand, the winner of the Kentucky Derby and second in the Preakness Stakes, is the favourite of the ten starters in today's U*****,000 Belmont Stakes, which completes the American Triple Crown series. Ferdinand was sired by Nijinsky, the father ofAFP - 177 words
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Page 7 Advertisements
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Advertisement8 1986-06-07 7 WORLDW/DE COUR/ER Changing the way the world works.8 words
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Page 7 Miscellaneous
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Miscellaneous1131 1986-06-07 7 We're not going to pull the wool ovor your eye#! SATURDAY MATINEE Tho Mlraclo Workar iSOpm, Channel 5 The well known story of Anne Sullivan who was called in to tackle the seemingly impossible task of teaching Helen Keller, a blind deaf mute. Patty Duke (right), who won an Oscar1,131 words
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Miscellaneous28 1986-06-07 7 BnStCW: EankDicfcenG CWT POfcTMt Ulfie. OP rnR. RJDG£ U)PiNTS YOU IM STCP.NG& NOISC Corner, wnrv, mR&W£ nT T V WIS OFPC6. RIGHT^LJRV (hfttWrr^ "Uic;. Ir.RRHf.I 1 G«H/. fcg*28 words
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INTERNATIONAL STOCKS
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250 1986-06-07 8 Reuter THE BRITISH government is setting up an official review of law and policy on mergers and restrictive trade practices, Trade and Industry Minister Paul Channon has said. In a written reply to a parliamentary question, he «said the review foiiows theReuter - 250 words
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120 1986-06-07 8 AP US Federal Communications Commission (FCC) has approved General plectric Co's purchase of National Broadcasting Co, a major US television network, as part of its US$6.2B btttton offer to buy RCA c«o>. The commission said there was no need for an inquiry into GE'sAP - 120 words
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Article87 1986-06-07 8 Reuter FORMER Drexel Burnham Lambert analyst Robert Salsbury pleaded guilty on Thursday in a US federal eofirt to charges related to an-alleged insider trading sUtteme. Three others who pleaded guilty were Andrew SolOiqon, a former analyst with Marcus Schloss it Co, Itfofton Shapiro, former stockbroker withReuter - 87 words
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Article317 1986-06-07 8 Reuter WALL STREET stocks rose at the close of a quiet session on Thursday as a small upturn in bonds caused a wrenching reaction in stock index futures and then stocks. With trading thin, the market displayed extreme sensitivity to the technically-based programme buying, saidReuter - 317 words
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Article127 1986-06-07 8 JUNE OS c» 24% -Vk kmp O* Inco trrt Pro* Pip* lu Irrrl 39* 19 43* 22 unch 44* 15 unch 12* 33*4 Bonk Novo Scotw 15* iVm*y g Bel Conodo 38* Mc Modal 34* 27* Bp R**ourc*s Broscan O A 32* 25* Moor* Cp 34* Can knp Bk127 words
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Article186 1986-06-07 8 JUNE 05 Trust Bk Un StaaJ 135 65 inch 3 MOUSTVULS Woottru 1300 unch A Alpha I000S MMNGS Abarcom Aad 215 1050 5 unch Anglos 4600 25 Amaprop AMIC 460 4150 +5 Angvoal 1950 10 1820 Buff ate 8150 150 C G Snath 2850 25 Charter ***** CNA *5186 words
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Article613 1986-06-07 8 JUNE OS US$ 32 Alcoa 42 AJteg InM AM Sag IB* 45* -1* v> AM Storm Ate-Cholmari Am Brandt fctc Am Can Co Am Cranamd Am B*c Pot Am Expross Am Homo Prod Am Motors Cp Am Td 1 Til 45 5* 85* 75 74* 25* 61* 84*613 words
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Article872 1986-06-07 8 Amsterdam JUM OS Ffc ABN 580 00 -3 Aagon 110.50 -1 Ahold 87.70 -OA Akio 170 70 .15 Afranto 151 SO -OA amev 81.00 -1.7 A/riro Bar* 108.40 -2 Am Stod 133.00 -0.5 Baikal 33.00 +05 Bonumf ***** +18 Buahrman T aftivoc la... 178.50 -1.5 C (4v« 636872 words
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Page 8 Advertisements
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Advertisement784 1986-06-07 8 MOP mnu •a. >?■ Baron's Table Sunday Brunch... youllkweit! Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only $25.50 per adult and $15.00 per child (under 12) every Sunday from 11.00 am to784 words
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ASIAN STOCKS
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Article349 1986-06-07 9 HONGKONG: Share prices rebounded yesterday on sporadic buying in the colony as the Hang Seng Index found some support at the day's low of around 1,735, brokers said. The index ended down 1.47 to 1,747.09 after losing 14.19 in the morning. The Hong Kong Index was 1.01 lower at349 words
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Article209 1986-06-07 9 JUNE 06 NT Kafe 29.80 09 2.15 0 1 Kuochon Dev Lm Chang Yuan 22 50 +0 7 2600 +0.5 32.70 1.5 31 30 0.3 1325 035 45 20 -02 38 10 0.2 25 70 0 6 21 40 04 Chio H*n Cement 25 60 1080 0.6 Pocrf>c Elect209 words
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Article346 1986-06-07 9 TOKYO: The market average edged up 6.92 in active trading to a record close of 16,817.91 yesterday as investors treaded on a thin line between bullishness and caution over recent gains, brokers said. Turnover was 800 million shares against one billion on Thursday when the average rose 8.24 to346 words
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Article74 1986-06-07 9 JUNE 06 Nm Onantal B Phi Ow«r*«a» PMax B Z! 0.017 unch 0.19 +001 Acoja Mining Anglo PM 0.01 PLDT 98.50 +2 5 Allot Con. B. Gold Boiic PatroleufTi 13 0.001 0.013 unch unch +0.0106 Son Migual B Stilnxn -51 +1 0.0075 unh B«ngu«t Con. B Fir»» PM HMgi74 words
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Article393 1986-06-07 9 SYDNEY: Australian share markets closed slightly firmer in nervous trading yesterday, with concern about the economy and the currency offset by demand for metal and gold stocks, brokers said. Metal counters rose "quite dramatically" on the back of firmer commodity prices overnight and the weakness of the Australian dollar,393 words
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Article158 1986-06-07 9 BANGKOK: The Securities Exchange of Thailand Index yesterday dipped 0.06 to 128.49. Turnover amounted to 102,401 shares valued at 12.1 million baht. The Seoul market was closed yesterday for Memorial Day. JUNE OA SMIWA Stam Camarrt 463 ir>ch Ao Kham Thai Siam Otu«n» uap S«om Cilinni Alia Ftra Ayudhya158 words
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126 1986-06-07 9 Reuter FRANCE'S state-owned electronics group Thomson SA is discussing setting up a Joint venture to develop and produce compact-disc (CD) players with Japan Victor Corp (JVC), Toshiba Corp and other Japanese companies. George Golan, the director general of Thomson Grand Public, the group's consumerReuter - 126 words
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482 1986-06-07 9 Lower sales and yen's appreciation blamed Reuter HITACHI LTD expects net income on a consolidated basis to be Oat in the current fiscal year compared with earnings of 150.2 billion yen for the year ended March 31, 1966. At a press conference in NewReuter - 482 words
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Article, Illustration186 1986-06-07 9 AFP BRITISH conglomerate Jardine Matheson Holdings Ltd has reported an "encouraging" first quarter at the annual general meeting on Thursday. Jardines chairman Simon Keswick told shareholders that the group had cleared up some anomalies in its assets since the end of last year. These included sellingAFP - 186 words
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Page 9 Advertisements
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Advertisement511 1986-06-07 9 m here to Wiae, ak« «wa eatertoiia m m MAGICALLY HYATT 1 1 1!?! When guests order any beverage, standard or premium, at selected outlets*, they will get a second drink, all for the price of one! It's a magic formula applicable daily at Scott's 5.00 PM 7.30 PM The511 words
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Advertisement115 1986-06-07 9 4'vp .i I Tif I 2 Uvi Bands Nifktlyi spm lam (Monday Friday Sunday) spm 2am (Sat eve of public holiday) HAPPY HOURS spm 7pm (Oaity) It's a real happy time! Just buy a drink and get the second FREE (except premium brands) Ml Well known band S CAIRNHILL TRIO115 words
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SHARE INFORMATION
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Article, Illustration4083 1986-06-07 10 A STRONG RECOVERY in the afternoon session helped share prices on the Singapore stock market to close higher yesterday. Trading, however, remained relatively light, with most deals struck in index-component stocks. As a result, the BT Composite Index was up 5.63 points to 582.244,083 words
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Article254 1986-06-07 10 SINGAPORE niSBS inai loot Tronofc Maw 330 laiiaja Corp* 134 D KmmI 420 S f H 675 0 S 640 TOM 133 OUI 210 UOI 364 F M HMgt 250 MaMuff 180 Aana 132 Strait* Tradnf 288 Ran Bact 220 CIC 176 Falls 105 rr Commit# 21254 words
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Article3411 1986-06-07 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".3,411 words
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Page 10 Advertisements
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Advertisement10 1986-06-07 10 KL market report, Business done on the KLBE, Page 1410 words
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COMPANY NEWS
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686 1986-06-07 11 RAMESH CHANDIRAMANI - pnrcra By RAMEBH CHANDIRAMANI By RAMESH CHANDIRAMANI IN THIS COLUMN last week, I said the (resent stock market rally has the potential to carry on till it reaches the ST 710/725 region, where the last major congestion area took place before686 words
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750 1986-06-07 11 NAJEEB JARHOM - Group losses amounted to Msl92 million last year By NAJEEB JARHOM MULTI-PURPOSE Holdings Bhd is continuing to pay dearly for its 1963 decision to move into the high risk and capital intensive shipping business. For fiscal 1965, the company not only had to750 words
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Article2810 1986-06-07 11 BID and offer price* officially UMed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lota of 1,000 units unless otherwise specified. MDUSTRMLS Ajinoawto (3.005) AMD (3 04S) (1)3.02 Akoan (0 668)2,810 words
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Article116 1986-06-07 11 OVERSEA-CHINESE Crpwatl— Ltd: 49th AGM at 65, Chulia Street, #1*40, OCBC Centre, Singapore 0104, today at noon. The EGM is to he followed. KENTUCKY FRIED Chicken (8) Ltd: 12th AGM at Hart House, 17, Kallang Junction, Singapore 1233 on Thursday, June 12, at 11 am. 8AN HOLDINGS Bertod:116 words
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Article755 1986-06-07 11 EQUITIES yesterday extended recent gains in (airly quiet trading on continued hopes of an early Vi point cut in 10 per cent UK base rates and following the late surge on Wall Street which took the Dow Jones Average close to a record at the finish. INDUSTRIALS Jun755 words
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Article59 1986-06-07 11 HAW PAB BBOTHEBS htnw- '•> tfsaal Ltd has revealed that the Hong Leong Investment Holdings group is no longer a sob- stantlal shareholder of the company. Prior to its recent sale of 9.3 million Haw Par shares, the Hong Leong Invest- ment Holdings group held 11.65 < million59 words
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569 1986-06-07 11 THE KUALA LUMPUR slock market staged a recovery yesterday after the weaker closing on Thursday, with share prices closing higher across the board. Volume reached a record high of 65.75 million shares valued at M 595.68 million,569 words
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Article105 1986-06-07 11 HONGKONG Hong Kong Indox Friday 1068.01 Thursday 1069 02 Week ago 1111.50 Hong Song Indox Friday 1747.09 Thursday 1746.56 Week ago 1787.90 AH Industrials Friday 1971.7 Thursday 1970.2 Week ogo 1999.8 NEW YORK Dow Jonos Thursday 1879.44 Wednesday 1863.29 Week ogo 1882.35* TOKYO Nikkoi Avorogo Friday *****.91* Thursday105 words
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Article229 1986-06-07 11 Moftojtfi prices for Jimm 7 A 10 Singapore Unit Trust The Commerce 0 80 0.85* The Savings Fund 0.72 0.76 S'pore Prog Fund 0.34 0.36 S pore Sec Fund 0 57 062 S'pore Invttt Fund 0.56 0.61 S'pore Equity Fund 0.40 0.43 Asia Unit Trust Mol Invest Fund229 words
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Page 11 Advertisements
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Advertisement152 1986-06-07 11 OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP S NAME NOTICE IS HEREBY GIVEN that in consequence of the intended purchase of a ship by our clients. Maersk Company (Singapore) Pte. Ltd.. we have applied to the Director of Marine under Section 417 of the Merchant Shipping Act (Cap. 172) in152 words
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Advertisement172 1986-06-07 11 PROPOSAL TO CHANGE OP We, Ng Shipping Private Ltd of 63 Robinson Road, Afro Asia Bldg., #03-10, Singapore 0106, hereby give notice that In consequence of our Intended purchase of the vessel "PAPAMARCOS" we have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant Shipping Act172 words
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Advertisement170 1986-06-07 11 PROPOSAL TO CHANGE OF SHIP'S NAME We, Ng Shipping Private Ltd of 63 Robinson Road, Afro Asia Bldg, #03-10, Singapore 0108, hereby give notice that In consequence of our Intended purchase of the vessel "Papanastasis" we have applied to the Registrar of Singapore ships, under section 417 of the Merchant170 words
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461 1986-06-07 12 LOH HUI YIN - Goods not lacking in quality By LOH HUI YIN SINGAPORE-made products were of high quality but their prices were not competitive enough to penetrate the demanding Japanese market, said the executive director of Japan External Trade Organisation (Jetro). But Mr Moriyuki461 words
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315 1986-06-07 12 RETRENCHED Singaporeans had been quick to accept alternative employment in less desirable and lower paying jobs during the recession, said Acting Labour Minister Lee Yock Suan. In the process of taking up alternative jobs, they suffered pay cuts of up to 50 per315 words
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142 1986-06-07 12 Reuter SHARES of biotechnology concerns rose sharply yesterday on news that the US Food Drug Administration had approved use of alpha interferon for treatment of hairy cell leukaemia in the US. Genentech Inc had the biggest gain, rising BVi to 89'/ 4Reuter - 142 words
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Article, Illustration281 1986-06-07 12 MARGARET THOMAS - By MARGARET THOMAS YOU DON'T GET VERY MUCH for your $2 a mere 2,000 words and eight cartoon drawings on 16 small pages. But the government's little brochure version of the Economic Committee Report is a good deal more digestible than the 80,000 words, 37 tables281 words
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205 1986-06-07 12 Reuter INDONESIA faces stagnant or stunted growth in the next few years, according to the World Bank, which urges strong measures to slow imports, boost exports and dismantle protectionist barriers. Plunging oil prices, high unemployment, slumping domestic industries, and anaemic consumerReuter - 205 words
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Article, Illustration144 1986-06-07 12 Reuter AS PARLIAMENTARY election campaigning in Japan gets off the ground, one political hopeful was not fazed by a little dirt in his quest for nomination he got down on his hands and knees to beg for a chance to run. SusumuReuter - 144 words
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95 1986-06-07 12 Reuter CHINA says its fledgling space programme is capable of 10 to 12 satellite launches a year, but could probably manage more to help deal with the backlog caused by the recent US and Ariane space disasters. According to China'sReuter - 95 words
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Article115 1986-06-07 12 Bernama CUEPACS and four national joint councils (staff side) and the Malaysian government yesterday signed a joint declaration for an amicable solution to the civil servants wage claim. The four NJCs (staff side) are those for the local authorities, teaching profession, industrial and manual groupBernama - 115 words
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277 1986-06-07 12 CHECKS ON FOOD entering Singapore from Europe have revealed several cases of radioactive contamination following the Chernobyl nuclear power station disaster in the Soviet Union. Three samples of vegetables and eight samples of cheese proved to be radioactive in checks carried out by the277 words
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403 1986-06-07 12 Reuter FRANCE'S right-wing government is to sell off the flagship First Channel of the state television network as part of a wideranging shake-up of broadcasting. But the plan has stirred up widespread protests, with television staff, actors and the socialistReuter - 403 words
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Article90 1986-06-07 12 MR TAN CHIN NAM, the general manager of the Economic Development Board, has been appointed temporary chairman of the Telecommunications Authority of Singapore. His appointment will take effect from June 15, said the government gazette last night. He takes over from Mr Frank Yung who has90 words
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Article91 1986-06-07 12 TRADE DEVELOPMENT Board chief executive officer Yeo Seng Teck and managing director of Hewlett Packard, Koh Boon Hwee, have been appointed members of the Economic Development Board. Their two-year appointments took effect from April 30, said the government gazette pub- lished last night. The gazette91 words
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Article59 1986-06-07 12 COMEX GOLD FUTURES edged up on scattered buying yesterday morning. Spot June gold added 0.50 at U*****.80 an ounce. .August delivery rose 0.80 to U*****.40. Silver futures retreated to unchanged after posting minor gains in the morning in slow dealings. Silver for delivery in July backtracked59 words
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Article64 1986-06-07 12 Reuter WALL STREET stocks were narrowly mixed yesterday as a technically weak market had trouble following a rally in bonds, which were buoyed by weak employment data. Blue chips were lower, but secondaries edged higher. The Dow Jones Industrial Average was down two points at 1877. ButReuter - 64 words
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LATE FILE
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Article31 1986-06-07 12 AP JAPAN'S national tax agency reported yesterday that tax dodgers cost the government a record 40.876 billion yen (US$244 million) in revenues last fiscal year. APAP - 31 words
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Article47 1986-06-07 12 Bernama PRESIDENT Corazon Aquino, after achieving a "breakthrough" in opening peace talks with the communist insurgents, yesterday despatched a senior aide to Jeddah to lay the groundwork for talks with the Moro National Liberation Front (MNLF) to settle the Mindanao problem. BernamaBernama - 47 words
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Article58 1986-06-07 12 Reuter THE US civilian unemployment rate rose to 7.3 per cent in May from 7.1 per cent in April, the Labour Department said yesterday. The increase in May unemployment occurred entirely among adult men, with their jobless rate increasing to 6.4 per centReuter - 58 words
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Article65 1986-06-07 12 Reuter CHINA said yesterday Taiwan could take part in the Asian Cup table tennis tournament to be held in Shenzhen later this year. But In Taipei, a spokesman for Taiwan's Chinese Taipei Table Tennis Union said it would reject any Invitation to play in ChinaReuter - 65 words
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Article62 1986-06-07 12 Reuter THE US embassy in Colombo said yesterday food and development assistance for Sri Lanka would be cut to US$39 million in 1967 from US$5O million this year. An embassy official said food and development aid to all countries had been reduced thisReuter - 62 words
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Article61 1986-06-07 12 AP VITALITY, tolerance and affluence should be the basic goals of government policies dealing with Japan's rapidly increasing number of older people, according to a policy statement adopted by the Japanese Cabinet yesterday. Among others, it proposes the extension of retirement ages to 65 fromAP - 61 words
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Article40 1986-06-07 12 UPI HUNDREDS of Sikh militants rallied in the Golden Temple yesterday and warned that Prime Minister Rajiv Gandhi and his Cabinet, Punjab's Sikh Chief Minister and the state's police commander would be assassinated. UPIUPI - 40 words
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Page 12 Advertisements
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Advertisement90 1986-06-07 12 BT is not all hard core business and financial news. We take "Time-Off' and "Sports" rather seriously too. Our writers comb the sporting arena to furnish two lively pages with the latest sports, leisure and arts news for the well-informed professional. Commmentaries by our staff and national personalities grace these90 words
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Page 12 Miscellaneous
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Miscellaneous58 1986-06-07 12 msraaa Outlook for today: Showers orer a few ar«os in the late morning and early afternoon. Report for 24 hours prior to 7.30pm on June 6 at the airport: Maximum temperature 28.9 Associated humidity 76 Minimum temperature 24.5 Associated humidity 85 Hours of sunshine troce Rainfall in millimetres 25.3 Rainfall58 words
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