The Business Times, 5 July 1986
1986-07-05
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The Business Times
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Title Section12 1986-07-05 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, JULY 5, 1181 75 CENTS12 words
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Article706 1986-07-05 1 LEE HAN SHIH - A change of practice but policy unchanged, says spokesman By LEE HAN SHIH THE HOUSING and Development Board has suspended repurchases of middle-income HUDC flats because it cannot sell most of the 1,170 apartments it already has on its bodks. The decision, revealed yesterday706 words
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Article145 1986-07-05 1 IMPROVED intra-Asean trade and ways to foster regional integration will be themes at the Asean Chambers of Commerce and Industry (Asean-CCI) meeting in Jakarta from July 8 to 12. A 30-strong delegation from the Singapore Federation of Chambera of Commerce k Industry (SFCCI) is to take part145 words
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Article53 1986-07-05 1 Bernama THE MALAYSIAN government will table a bill to protect "troubled" companies whose operations are still viable. The bill, to help viable companies which had been summoned for failing to settle their debts, would allow them to appoint auditors to inspect their accounts and temporarily set aside courtBernama - 53 words
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445 1986-07-05 1 HOMER CHEN - By HOMER CHEN CITY SECURITIES, after a sev-en-month fight to stay alive, was yesterday put into (provisional) liquidation, the latest casualty of the Pan-El crisis. The petition by American Express Bank and Citibank to appoint Mr Don Ho and Mr Jimmy Wee from Deloitte Haskins445 words
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329 1986-07-05 1 SEVERAL FINANCIAL institutions are lining up to come into Singapore although Asean economies have slowed down or, in some cases, even contracted, according to Mr J Y Pillay last night. Mr Pillay, who is the managing director of the Monetary Authority329 words
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Article, Illustration50 1986-07-05 1 SHAKE PRICES drifted tower la tr»d»gy«rt«|ihy m tavee*TOfr Se£!rttl2 "She Stntto Hmes UmM Index flea U1 pelato to 735.7S uri the BT Cenperito Index finished mi OHM, dm LTI peinta. Lent* Ml a twitim lead Mmtt" dee tore de Ml expert the market to he active Mit week.50 words
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348 1986-07-05 1 AP A MAJORITY of Filipinos do not want deposed president Ferdinand Marcos to return, with more than SO per saying that they consider him a thief and a liar, according to a survey published yesterday. The survey, conducted by the Jesuit-run Ateneo de ManilaAP - 348 words
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124 1986-07-05 1 Reuter THE AUSTRALIAN sugar industry expects to be able to compete for raw sugar sales to Singapore after its current long term contract expires at the end of 1987, said industry sources in Sydney yesterday. They were commenting on remarks made in ManilaReuter - 124 words
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352 1986-07-05 1 GOH YEE LING - By GOH YEE LING A SPLIT has developed within the Singapore Retail Merchants' Association over a proposed boycott of a Christmas trade fair organised by the Consumers' Association of Singapore. NTUC Fair Price, a council member and one of the founders of SRMA, has criticised352 words
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Article116 1986-07-05 1 A TRADE FAIR organiser has Joined in the protest over plana by the Consumers' Association of Singapore to hold a trade fair. Trade Management and Promotions Pte Ltd has lodged a complaint with the Trade Development Board. It has been organising Discount Fairs since 1979 and116 words
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Page 1 Advertisements
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Advertisement165 1986-07-05 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Jflmnu Spacewand Featuring arcflow shafts scientifically-designed with different flex points on each club. Available in both graphite and steel. Each club head is endowed with its own progressive centre of gravity for a more balanced swing. The MIZUNO Spacewand. Mastercrafted for total golf enjoyment.165 words
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Advertisement284 1986-07-05 1 US busiiMMnwn urg«d to h«lp rebuild Philippine economy, Pag* 3 wm 10 t TV ft RACK) A BRITISH UNIVERSITY kos been corrying out reseorch to try and list occupations which carry the most and least stress. It suggests that joining the police or becoming a journalist is probably harmful to284 words
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Advertisement0 1986-07-05 1 ,}|{"`,=$-<+-!!!$%]="{`|+;%'',%0 words
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Advertisement94 1986-07-05 1 Nikon THE WORLD'S 2 2 $1 PHOTOGRAPHIC SYSTEM Bank positions ARE THE BANKS still at the top of the ladder in the Top 100 listed companies in terms of market capitalisation? How well have local companies improved their rankings vis-a-vis their Malaysian counterparts? Which trustee stocks have rejoined the Top94 words
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HOME NEWS
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436 1986-07-05 2 MARTIN SOONG - By MARTIN SOONG BEING PREPARED in defence should not be dropped in favour of "being nice", said First Deputy Prime Minister Gob Chok Tong. Mr Gob, who is also Defence Minister, was responding to feedback which indicated that some Singaporeans felt the country's436 words
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Article134 1986-07-05 2 FARMING for export may be viable in Singapore. Never mind the limited land. The Israelis claim they have the expertise to overcome that A few Israeli companies have proposed Joint-venture projects to develop dairy and vegetable farms in Singapore, said the Israeli Embassy yesterday. Its Counsellor134 words
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Article84 1986-07-05 2 IN A BACK PAGE article yesterday on the 6th Asean Banking Conference, the chairman of the Asean Banking Council was wrongly reported to be Mr Lim Hee Seng, lie is in fact Mr Lee Hee Seng. Mr Lee is also the rkmlrmmn Of the ASSOdatk» Of Banks84 words
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414 1986-07-05 2 INTERNATIONAL countertrade houses will be able to find out at a seminar in September how they may qualify (or pioneer status if they set up office in Singapore. Working guidelines of the scheme will be announced by a senior official from the Trade Development Board,414 words
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150 1986-07-05 2 SUN MICROSYSTEMS, one of the largest manufacturers of technical and scientific computers, has sold $1 million worth of equipment to the National University of Singapore. The purchase, to be used in the university's Engineering faculty, includes 15 ccdour workstations and file servers.150 words
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Article, Illustration279 1986-07-05 2 lAN A TRUMBLE has been appointed manager, system engineering division, of NCR Singapore. Before his current appointment, Mr Trumble served in NCR Corporation's Middle East/Africa group, first as manager, Middle East/Africa support centre in Cairo, and later as area systems service manager, Gulf area in Bahrain. The279 words
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Article, Illustration382 1986-07-05 2 THE SILK SCARVES and leather helmets were missing, but the 11 Canadians who flew Into Singapore yesterday in a vintage aircraft still managed to recall some of the romantic glory days of early aviation. The Canadians are barnstorming ambassadors for Expo 86382 words
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162 1986-07-05 2 A REDUNDANCY Payments Fund set up in 1968 for workers affected by the British pullout last year received $1.5 million for 51 employees laid off by the British Armed Forces. This was up from just less than $1 million for 35 employees in162 words
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327 1986-07-05 2 BANK EMPLOYEES will be the first to benefit from a Skills Development Fund programme to make workers more effective and adaptable. Beginning at the end of the month, bank employees will go through the Core Skills for Effectiveness and Change (Cosec) programme327 words
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Article116 1986-07-05 2 THIRTY-SIX middle-manage-ment port officers, port engineers and technical personnel from the Asean-Pacific region will attend two Port of Singapore Authority courses on human resource development this month. The first on port management and operations aims to give participants an understanding of PSA's container, break bulk and116 words
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Article837 1986-07-05 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrrvol Deportuve KEPPEL WHARVES Jenson N Barcelona Nordhousen Pac Samudra Sea Architect Skytork Equator 3 G SetatorvS Kim Soon Li Lampung L Petobng 2 Murroyeverett Trorw Hav Troutbonk Mount Sabana Palembang K22 KI2 K28 K29 KI6 K27 K22 KI7 K23 K27837 words
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Page 2 Advertisements
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Advertisement8 1986-07-05 2 WORLDW/DECOUR/ER Changing the way the world does business.8 words
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ASIA-PACIFIC
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320 1986-07-05 3 UPI HONGKONG'S future as a financial centre depends on its connections with the "solid, sound and sensible" developments now going on in China, a senior official of the British colony's bestknow trading firm has add. Mr Martin Barrow, the managing director of Jardine,UPI - 320 words
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326 1986-07-05 3 UPI CHINA has defended the construction of a nuclear power plant 70 kms northeast of Hongkong ""id mounting safety concerns among the British colony's 5.5 million residents. Responding to questions by Hongkong reporters visiting Beijing this week, foreign ministry spokesman Yu Zhizong myloarUPI - 326 words
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Article839 1986-07-05 3 ARRIVALS Operator Service number Local time From S1A SQ117 0005 KUL UA UA805 0010 JFK/SFO/HKG CAL C1333 0315 TPE MK MK746 0755 MRU MAS MH68I 0820 KUL KAL KE624 0840 KUL cv CV796 0845 LUX/DXB MAS MH811 0910 PEN MAS MH671 0920 KUL AC AC858 0950 YYZ/LHR/BOM839 words
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Article109 1986-07-05 3 AP INDUSTRIAL OUTPUT value in 17 of China's cities topped 10 billion yuan each last year. The state statistical bureau said this week that Shanghai generated a total industrial output value of 65.5 billion yuan last year, baaed on 1900 prices. The official Xinhua newsAP - 109 words
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179 1986-07-05 3 UPI PROMISING a stable investment environment, Philippine Vice-President Salvador Laurel appealed to American businessmen to "lend us a helping hand" in rebuilding the nation's shattered economy. Mr Laurel, speaking on Thursday before the American Chamber of Commerce on the eve of FilipinoAmericanUPI - 179 words
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336 1986-07-05 3 Financial markets urged to be patient Reuter TREASURER Paul Keating said yesterday that Australia's current labour and monetary problems would soon be over with the restructuring of the country's sagging economy. Mr Keating, in a radio interview, told the nation and a nervousReuter - 336 words
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Article262 1986-07-05 3 AFP THE AUSTRALIAN government may lose office if it goes ahead with the introduction of a gold tax, warns a banking chief in Western Australia. Bill Brewer, the chief state manager of the Westpac Banktag Corporation, Australia's biggest bank, said in the gold-producing town ofAFP - 262 words
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Article, Illustration47 1986-07-05 3 ONE HUNDRED AND FIFTY newly-ordained Buddhist monks, all off thorn iwombof of northorn hill-tribes, chanting prayers boforo an imago of tho Buddha inaido Bangkok's Marble Tomplo on Thursday. Tha annual eoromony is part of tho Thai government's wotfars programme for othnic minorities.47 words
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615 1986-07-05 3 UPI JAPAN'S enormous trade surplus with the US will start to tall by the end of this year, but its global surplus will soar to US$75 billion to US$BO billion, a leading private economist has said. Mr C FredUPI - 615 words
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158 1986-07-05 3 AFP AUSTRALIA fe to play host to a meeting of ministers and senior officials from the non-subsi-dised agricultural exporters, Trade Minister John Dawkins said. The meeting, a lead-up to the expected September launch of a new round of multilateral trade negotiations, would aim to build aAFP - 158 words
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280 1986-07-05 3 AP TAIWAN is determined to open its market so US wines and cigarettes can be sold more cheaply there, but it fears European nations may want similar treatment and that this could hurt local farmers, a government publication says. The FreeAP - 280 words
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Page 3 Advertisements
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Advertisement102 1986-07-05 3 BY NATURETTME Blackmores, Australia's leading health care company, firmly believe J that a positive attitude is y K 1 the first ingredient of good I health. To be followed by proper diet, regular sleep and exercise Executive Formula B Blackmores understand the busy schedule of executives. So they specially developed102 words
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Page 3 Miscellaneous
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Miscellaneous23 1986-07-05 3 Doonesbury BY GARRY TRUDEAU BUT9OOm&fiUM. HAMIAMI AJmUMITHSMORAL BQU/VALSNT OFOURFOUHXNO FRTHERS*. 3 m m. ic W »L\ IRt CJ>"\ 4 «6 UP' 151 S"23 words
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REST OF THE WORLD
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Article, Illustration442 1986-07-05 4 Buy more from poor countries, rich nations told AP CALLING THE first half of the 1980s disappointing because living standards dropped in poor countries, the head of the International Monetary Fund has urged actionAP - 442 words
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174 1986-07-05 4 UPI THE NEW HEAD of Nasa's space station office said yesterday that the White House is expected to make a decision "within the next two weeks" on whether to finance the building of a fourth space shuttle. Andrew StoCan said that regardless of theUPI - 174 words
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440 1986-07-05 4 FT EMERGENCY meetings of the EC's budget and finance ministers have been summoned for next Monday to head off a new Community budget crisis, following Wednesday's decision by the European Court of Justice declaring the 1986 spending plans illegal. The court's ruling, that theFT - 440 words
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169 1986-07-05 4 AP A COMMON MARKET survey shows Western Europeans are feeling better about themselves and their societies. The poll, released on Thursday, also indicates a decline in their trust of Americans and an increase of trust in the Soviets. Of the more than 11,000 people interviewedAP - 169 words
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517 1986-07-05 4 Reuter A SURPRISE 89,000 drop in US non-farm payrolls in June will reinforce the growing conviction in the financial markets that the Federal Reserve must take immediate steps at its policy-mak-ing committee meeting next week to stave off a serious economicReuter - 517 words
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165 1986-07-05 4 Reuter BERYL SPRINKEL, the chairman of President Ronald Reagan's Council of Economic Advisers, has said he sees no reasonable chance for a US recession in the near term. "We've had a good economic expansion, better than most in many ways, average in respect to others," MrReuter - 165 words
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Article309 1986-07-05 4 NTY MOST OF THE world voted against the United States most of the time during the 1965 United Nations General Assembly ■estion, says a report issued on Thursday by the US mission at the United Nations. The miakm's study of voting patterns showed memberNTY - 309 words
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RAW MATERIALS
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241 1986-07-05 4 AFP A THAI Foreign Ministry official said on Thursday that a US report on how protectionist policies would affect TTiai rice exports was "unfair". The analysis, which was prepared by an official in the American Embassy in Bangkok, downplayed the effects of USAFP - 241 words
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81 1986-07-05 4 Reuter INDONESIA can increase its exports of rubber, palm oil and cocoa to Europe and the US in spite of weak world commodity prices. Agriculture Minister Achmad Affandi said, who toured the US and several European countries recently to boost exports and in- vestment,Reuter - 81 words
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Article507 1986-07-05 4 COFFEE Robusta futures were under pressure from bearish fundamentals on Thursday, apart from a brief midsession rally, ending near ninemonth lows with losses of £40/58 a tonne. Turnover of 4,806 lots was boosted by 2,765 crosses and also incorporated routine switching activity. September traded last at £1,632 a507 words
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Article98 1986-07-05 4 THE PRICE ef tla ea the Kub Lunpw Ha Market reee farther te M$l4.2S per kg yesterday, ap seven eeats frem Tfcersday's eleee, la fairly t«i* tratfag. Ceatlaaed «verse as layaiaa liiwlag iaterest sapperted the rise. Dealers aiss aeted seme talaers' willlagaess te sell at the higher level.98 words
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Article118 1986-07-05 4 SOYBEAN FUTURES on the Chicago Board of Trade moved little from mid-ses-sion levels on Thursday and finished with gains of 4Vt US to one cents a bushel after a relatively quiet session. Short-covering after the fall to new contract lows made early this week and ahead of the long118 words
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Article146 1986-07-05 4 Chinnt Produce Robusta 20/25% 445.00 PvrllAMA FOB NSW CAbiifliiyv i>oon closing vices on Nutmeg My 4 (SS/100 kg). 110 FOB NSW 1355 00 BWP FOB NSW 1256 00 Coconut oil Bull Foe 48.00 Gombier Old drum FOB 61.00 FOB NSW 330.00 New drum FOB Copra Mtxed (loose) 65146 words
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Article177 1986-07-05 4 MALAYSIAN crude palm oil prices recovered on late covering to close unchanged yesterday to slightly higher after earlier extending their falls. Talk of India fairing a substantial amount of processed palm oil at its weekly tender on Wednesday supported prices but lack of official confirmation restricted trading. July177 words
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Article134 1986-07-05 4 WHEAT FUTURES on the Chicago Board of Trade edged higher on Thursday after mid-session on Thursday and closed 4 H US cents a bushel higher to cent lower, with most months posting gains. Prices were lifted by short-covering before the long Fourth of July holiday weekend, and volume re-134 words
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Article301 1986-07-05 4 SINGAPORE The market closed firmer yesterday with August One RSS buyers quoted at 172.00 cents per kg, up 0.75 cents from Thursday. The morning session gained 0.50 cents, after fluctuating within a very narrow range in quiet and featureless trading. Prices firmed slightly in thin afternoon trading helped by301 words
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Article66 1986-07-05 4 Bangkok (USVtomw, FOt) White Rice 100% 1st doss 250 100% 2nd class 220 100% 3rd class 215 5% 205 10% 200 15% 195 20% 185 25% 175 35% 170 Broken Rice 118 A-l Super A-l Speool 115 C-l Speaol unq C-l Ord unq Loonzain Rice 100% 1st grod« unq66 words
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Article340 1986-07-05 4 RAS prices in S cents/kg, FOt b ■les NOON CLOSE Int 1 RSS Prompt 173.00 174.00N 174.00 175 OON Int 1 RSS Aug 86 171.25 171 75 172 00 172.50 Int 1 RSS Sept 86 171 25 171.75 172 00 172.50 Int 2 RSS O P. 169340 words
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Article111 1986-07-05 4 (c««its/kg, 1-ton p AUG 86 SEPT 86 (currant month) (forwon J month) NOON NOON RAS Bvy*n 5<Htn l»(tn Siim SSR 20 158 50 160 SON 159 00 161 OON SSR 50 155 50 157 50N 156 00 158 OON MRELB B^n Siiifi ull>ll ScAors SMR CV 230111 words
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BANKING AND FINANCE
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Article570 1986-07-05 5 BMQAPORE The US dollar showed a weaker tendency in thin afternoon trading yesterday twiwiy on speculative wiling, but closed narrowly mixed compared with New York'» levels. The dollar Ita to IMJft/IfLQO yen from aa early IfLS/30 and New York's I6LOO/IO dose. It sassd to 2.1705/15 marks from an570 words
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Article85 1986-07-05 5 RESULTS OF TENDER held on July 4 for 91-day UDs to be tamed from July 7 to July 11: Ohmi: Aupßsi hrt $223,500,000 XSsMsi: $130,000,000 AoeepOod Mis: $99.35 approximately 73 per cent, higher bids fan fuU. Average mte ef Amml en iHstnist: 1590 per cent per annum. OCBC85 words
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Article186 1986-07-05 5 1 ■AAA imeroonK ron s at 3pm yastar day. Cmnmmdkm NONNMI ram a mMttenAe* Md Mar of reee partly efcenge Local Mlart to mm mat of (miyi €WPMC|f! US dolor Stoning pound Auotrafion dolor NZ dolor Conodfan dolor 2.1875 3.3775 1.4109 1.1703 1.5851 2.1885 3.3812 1.4137 1.1741 1.5870186 words
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Article252 1986-07-05 5 HONGKONG: The metal closed virtually unchanged in slow and thin trading yesterday with fresh factors absent. Bullion eaded at U*****.70/344.10 an ounce compared with Thursday's U*****.70/344.00 close. It moved within a narrow range of 30 US cents only. On the local market, fold rose HKS2JO to end at HK53,190252 words
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Article, Illustration254 1986-07-05 5 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels yesterday in quiet pre-weekend trading, with news of US June unemployment figures fsillng to 7.1 per cent from 7J per cent the previous month having little impact on the market But the market's undertone remained weak due to the254 words
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Article123 1986-07-05 5 THE OVERNIGHT rate on the Singapore interbank money market closed at 4 per cent yesterday, up one point from Thursday. The one, two and threemonth term rates fell by 1/8 point each. c c x inTtruoni i rotM of 7 pm yasti jrdoyi OMar M Owi wf* 4123 words
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Article398 1986-07-05 5 Mi'uivimpp Burndaßar opened bulhshly yesterday as there was heightened expectation of discount rate cut tallowing a string of poor US economic data. September Bur n<^l r gapped up from Thursday's close at 9837 but a bout of profit-taking saw the contract backing off to 9634. However, strong buying Interest398 words
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260 1986-07-05 5 Reuter BANKS PACE the possibility of writeoffs on some of tWr oil related loans as a remit of the Impact of falliag oil price» oa some esploratioa compaaka. Stockbrokers Wood Mackanrtr ft Co Ltd said la to latest North Sea reportReuter - 260 words
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Article161 1986-07-05 5 THE ASEAN Banking Conarfl lag produced a mw edttki of Its Directory ot fisaksia Amml It Is a MB-page hard-cower book that gives aa otWat sarvey of the hanking system of each Aaoaa country and dotails of the various types of banks, incladiag briaf history aad161 words
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103 1986-07-05 5 Reuter NEW ZEALAND will pass a new law deregulating tfce banking sector by the end of calendar ttH. Finance Minister Roger Douglas told a ft—Tisl seminar the legislative amendment was aimed at removing _i_i a I. ale! IT artificial Darners to CQBipnima.Reuter - 103 words
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Page 5 Advertisements
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Advertisement328 1986-07-05 5 Union Bank of Switzerland Balance Sheet as of December 31, 1985 1906 Swiss Francs I jflfrMiftnit and Shwßtoktortf Equity &WBB Ffanes Due to banks Due to bam Due to ban! Due m#» Due to ban i on damand t at (bead dak 90 days t, total Damand dapoats Time dflpoiife328 words
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TIME-OFF
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Article511 1986-07-05 6 MEDICAL OPINION around the world has long h»M fiie view that strew at home or at work brings with it illiir nsrn It can manifest itself in many ways high blood pressure, a nervous breakdown, too much smoking, any nf of which might lead511 words
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938 1986-07-05 6 JEFFREY TSANG - Viewpoint By JEFFREY TSANG IT HAPPENED AGAIN yesterday as it does every day. A line of cars inching behind a driver who was maintaining a speed of 70 kmph along a stretch of the Pan Island Expressway with an 80 kmph speed limit. He938 words
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Article851 1986-07-05 6 w EXHIBITION: World Preee Photo M. National Museum Art Gallery. 9«m-5.30pm. Free. (See highlight). Woody van Anion's Oriental Journey. Crystal BaHroom Foyer, Hyatt Hotel. 10am 6pm. On exhibit are a collection of Woody van Amen's watercolours, gouaches, drawings and lithographies. Free. On tiH tomorrow. CONCERT: By Taiwanaoo Recording Btars.851 words
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Article, Illustration95 1986-07-05 6 Photographic onthusiasts will not want to mist the World Proas Photo '86 oxhibition boing hold at tho National Musaum Art Qallory. Mora than 300 works foaturing tho boat in photographic journalism of tho yoar 1006 BiV Ov) QlSpUji Tho prizo-winning photographs, which captura tho dramatic social,95 words
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Article286 1986-07-05 6 EVERT MORNING, the phone rings. It rings a few timet and at least owe housewife never falls to pick it op, only to find, again and again, that it was not her telephone that was ringing. The phone keeps ringing though on SBC Rad&o One. The286 words
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Page 6 Miscellaneous
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Miscellaneous767 1986-07-05 6 CRYPTIC PUZZLE ACROSS 9 Besides, that's where the customs officer's liable to search (2, 3, 4) 10 Does it take you to the sea? 12 It's fun, in the oviary (4) 13 Feel remorse about the liver bird (6) 14 Praise for getting a small quantity of moil out (7)767 words
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Miscellaneous31 1986-07-05 6 iristcw: Finnic I^cJiezS l'rv\ in Pi PiL"Tv4y mOOD. ujooldn't mdu &e p* FIUTVW nOOD IF HP© Pi RcSPren JOB in P* OTFiCe U3I-TH RCTTreK fl&OFue, PiU- RoOrtD.. £5, STOPS tofc Tvfpi^31 words
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SPORTS
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367 1986-07-05 7 M MARIMUTHU'S bubble burst at the Royal Johor Country Club yesterday and, at the day's end, he had allowed Taiwanese Chen Liang to skip away to what appears like an unassailable sixstroke lead in the Royal Johor golf classic. Marimuthu, who looked367 words
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Article155 1986-07-05 7 UPI TIM SIMPSON, the winner of one tournament in a decade on the PGA tour, shot a 7-under-par 64 on Thursday to take a one-shot lead over Tom Watson and two others in the first round of the US$7OO,OOO Greater Hartford Open. Simpson shot 32UPI - 155 words
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525 1986-07-05 7 MAX COMMANDER - Hibernation at a Test Match that's the life By MAX COMMANDER READERS of this infrequent column will know that I went into hibernation last week and therefore was forbidden to write anything about that game, the name of which I am also forbidden to mention, but has been played in525 words
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133 1986-07-05 7 AFP THE Western Australia economy is set to cash in on the America's Cup series to the tune of AfGOO million, according to a study released in Perth on Thursday. Des Dans, a Western Australia government minister, said the study also indicated theAFP - 133 words
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Article, Illustration607 1986-07-05 7 BRIAN MILLER - By BRIAN MILLER TRAINER Kitson Leong has never come close to winning the trainer's championship. And, chances are, hell not do it this year or the next. But this shouldn't be taken as a blemish on his training record. On607 words
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Article, Illustration768 1986-07-05 7 AP HANA MANDLIKOVA, duplicating her US Open feat, upset Chris Evert Lloyd 7-45, 7-5 on Thursday to move into the women's singles championship match at Wimbledon against top-seeded Martina Navratilova. Navratilova, who is seeking a record fifth consecutive title and her seventh overallAP - 768 words
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Article390 1986-07-05 7 UPI THE DAT at Wimbledon in facte and figures: Striiks Martina Navratilova has won 33 consecutive matrh— at WinDieoon, ana oy winning tmo> row's final can eqaal the women's record of five am as she titles set by Leaglen (1919-23); Hana Mandlikova won 14 points in a rowUPI - 390 words
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Article193 1986-07-05 7 Results of Thursday's matches (seedings in brackets; US unless stated): Wemen's sindes: Semi-finals: (3) Hana Mandlikova (Czech) bt (2) Chris Evert Lloyd 7-6 (7-5), 7-5. (1) Martina Navratilova bt (10) Gabriela Sabatini (Arg) 6-2, 6-2. Men's denbles: Semi-finals: Gary DonnellyPeter Fleming bt Jakob Hlasek (Swi)-Pavel Slozil (Czech) 6-4,193 words
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Page 7 Advertisements
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Page 7 Miscellaneous
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Miscellaneous1120 1986-07-05 7 J: V I Kenneth Branagh plays tha controversial author CENTREBTAQE Coining Through UOpm, Channel 12 Was D H Lawrence a sensitive moralist or a depraved pornogropher? The two attitudes towards him are reflected through two interwoven love stories. In one story, we see him during his lifetime in his hometown1,120 words
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INTERNATIONAL STOCKS
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201 1986-07-05 8 Reuter AGRICOLA Finanzi&ria Spa, controlled by the Italian Gruppo Ferruzzi, has h intend! to acquire British Sugar PLC from 8 and W Berisford PfcC or take a controlling m a stut in uermora. Agricola also said In a statement that it welcomed thpt OKReuter - 201 words
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Article272 1986-07-05 8 Reuter Tlfe FRENCH government wU|' decide this month whether to approve the agNKmeat between ITT Cecp of the US and France's Compngnie Generate d'Electricite (CGE) to aet up a Joint tdaoommpaicattons wattiw which would be the warkl'i nca4d largest company in the field afterReuter - 272 words
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312 1986-07-05 8 Reuter THE NEW YORK stock market on Thursday fizzled out at the end of a record-setting Fourth of July week, but held onto the 1,900-level claimed for the first time at the close on Tuesday. Several attempts to extend the rally (ailed, after recordReuter - 312 words
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Article143 1986-07-05 8 JULY 08 cs Imp 01 a A 37 17* AMM 2311 -N Mich M N* %a hi M 43* 21* 42 IS Kmr A4feon IS* SCOOB Bank Of Mamrarf M Canada 8*> lawia Nil 2J85: indi undi UM—r B ttBffiiz 13* IZI 36 W IMCfc M IfMii a A143 words
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Article233 1986-07-05 8 UrN W Tnflt 8k 128 -4 Uh Stad SB -2 hwn Gn> 2000 +90 Wootou 1,75 A A+ha MDUSTHALS 1000 50 M 4*25 -75 *****8 indi 1750 -20 ■mm. .7* frod 290 1100 undi inch SS7 3908 4200 inch 75 Charter 1700 MM 1000 tmii Cam Gatd ***** C233 words
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Article592 1986-07-05 8 JULY 04 m Mom Akfrtn 30* Alcoa so* ABag M 20H inch AM Sip 43* 49* AMMmZ 4* An Brand* k«c 99* 1* Am Can Co BM •1 AMI CIMMM 79 4 1* AMBKIW 27* Am Expraa* 42 undi Am Horn* And 91* Am M»W» Cm 4* uneh592 words
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Article376 1986-07-05 8 Ppi In MMU Aka* AMCV """""'IZZ Ah M MMI SSitairrzz™™ r-c •pr Ttr 4^ 0 «4 ♦0l5 +02 D -0-2 •Oil 1 +0X 9 Midi ♦0* -7*4 9 +0.7 9 +5 1 41 Midi Midi 50.40 1 +7 Midi ISUw 67-30 ♦BL4 175.00 +22 111.20 *0 3 7*20376 words
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99 1986-07-05 8 Reuter Wert German laser Alia» AG said it plsnil mahe Its Brat Issns of profOctober"?!!!! heastod to approve the psaritte iasus si up to a nominal 1M mflMon matks in |s idh darta^ Finance Director FriedrfcfrSchMer told the aanpal news conference en Thnrnday InReuter - 99 words
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Page 8 Advertisements
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Advertisement460 1986-07-05 8 I Wbere fd wire, 53 2W aM atteriaid HP I&Qi iri > if <#♦ < Baton's lane Sunday Branch... YDalllamitf 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 82&50 per adult and460 words
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Advertisement91 1986-07-05 8 Continuing the Prince HoteU tradition at fnendty trrwt Z7O Orchard b*d,Sinnoß 0923 Telex: RS ***** HCROWN CaMr CROWffIOTEL Fax *****18 TH *****11 a v trr Hick Mo 3 sumptuous spread of 1000 l fovouritosl Evary SUNDAY st Soobrases COFFEE HOUSE from 1130 a.m. to 230 pun. si an unbslsasfals por91 words
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ASIAN STOCKS
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Article339 1986-07-05 9 HOIMKOMG: Share prices closed easier in thin and listless trading yesterday in spite of light bargain hunting. The Hang Seng Index finished the day off 0.82 at 1,756.76 after trailing by as much as seven points earlier. The Hongkong Index dipped 0.67 to 1,096.75. Turnover slid to HK5225.96 million339 words
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Article224 1986-07-05 9 NT 22.70 +03 AM Sincmrm Mm ZOO 26.00 unch 0 3 Lm Chang Yuan Cham Mm 34.50 12.60 -0.2 +0.05 31.60 -0.2 38.40 0.1 Chang Mm Bank 43 80 26.80 +0.1 +0.5 Not Invastmant 381.80 -1.2 25.30 +0.1 21.50 +0.4 Chin Hrin Rour 10.25 26 40 unch -0.3 ftnr224 words
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Article356 1986-07-05 9 TOKYO: Prices closed lower on profit-taking and stop-loss selling yesterday as investors adjusted positions ahead of Japan's general elections tomorrow. The market average fell 94.07 points to 17,597.73 after easing 172.33 in the early afternoon from Thursday's record. The drop was the first in three Turnover was 670 million356 words
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Article88 1986-07-05 9 1 JULY 04 Won Kangwon bid K1A Motor 1200 2035 unch -20 r -9 50 2130 750 Korea Long-Term 1245 70 1210 14 Lucky Ltd 1471 -20 1470 -25 Oriental Brewery 1470 -30 902 +22 Pocrfic Chemical 1295 -25 -20 30 Somhwan 1400 +24 Dong Suh Stock Gold Star88 words
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Article367 1986-07-05 9 SYDNEY: Australian share markets closed higher across the board yesterday as bargain hunters sought quality industrials and mining stocks. At the close, the All Ordinaries Index was 7.3 points higher at 1,142.7, the All Industrials 16.6 points stronger at 1,820.5 and the All Resources 0.3 firmer at 629.0. The367 words
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Article177 1986-07-05 9 Reuter BANGKOK: The Securities Exchange of Thailand Index gained 1.28 points to 132.68 yesterday. Turnover amounted to 354,626 shares valued at 62.5 million baht. The Manila market was closed vestardav for the PhiIiDWWW wwlWl WV Iwl MiW IHipF pine- American Friendship Day. JULY 04 1 Mm* Sum Camant 519Reuter - 177 words
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157 1986-07-05 9 Reuter THE share price of McDonald's Carp, the international hamburger chain restaurant operation listed on the foreign section of the Tokyo Stock Exchange for the first time on Thursday, is expected to rise to around 15,000 yen in the next threeReuter - 157 words
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168 1986-07-05 9 Reuter THE AMERICAN Express Bank, Amexbank, has bought a 40 per cent share in a state-run Philippine commercial bank. The International Corporate Bank, Interbank, the country's seventh largest commercial bank in terms of net worth, said the stake amounted to US$l6 million. "TheReuter - 168 words
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193 1986-07-05 9 Reuter THE CEILING on the amount that Japanese life insurance companies may invest in Tokkin funds, special money trusts, is likely to be raised to 5 per cent of total assets later this year from 3 per cent, according to insurance company managers. AReuter - 193 words
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Article111 1986-07-05 9 Reuter AUSTRALIAN property group Hooker Corp Ltd said its L J International Investments NV unit closed a US$5O million floating rate preferred share issue on June 27. Funds from the issue will help finance Hooker's expansion in the United States. The issue, arranged by Goldman SachsReuter - 111 words
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Article102 1986-07-05 9 HONGKONG Hongkong Indox Friday 1096.75 Thursday 1097.42 Week ogo 1193.20 Hong Smg Indox Friday 1756.76 Thursday 1757.58 Week ago *****8 AH Industrials Friday 1820.5 Thursdoy 1804.7 Week ago ***** NEW YORK Dow Jonas Thursday 1900.87 Wednesday 1909.03* Week ago 1880.20 TOKYO Nikkoi Avorogo Friday *****.73 Thursday *****.80 Week102 words
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Article231 1986-07-05 9 > n Monooers' pricM MARA-Bufnlputl A lor Jury 5*7 ftrli B'putro 4.49 4&4 Singapore Unit Trust Secood B'puua 4.20 4.25 1 I THrd B'putro 3 21 *96 The Commerce 0 85 0 90 F<x**ti B'putro 363 3 6» The So«ngs Fund 0 75 0 80 Fifth B'putro 2231 words
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Page 9 Advertisements
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Advertisement651 1986-07-05 9 to wine, Him m& euterinta Paramount Hotel#h»r» the happy people 00 T lfe -V) COCXTML LOUNGE Experience a new and refreshing concept in cocktail lounge entertainment. Experience The Gazebo. The frontispiece of Paramount Hotel, away from all the hustle and bustle A free flowing garden terrace in subtle shades of651 words
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Advertisement140 1986-07-05 9 A TTrTT Poking a Sichuan Restaurant Buffet Style Choose from more than 20 appetizing dishes. Eat all you can for only $7 oQ++ Dinner/Supper Time; 7pm Sam U -r- V. r >- 10% sefvice chsrge* 3% government te*'not Included. AOBOh A L PEKING SICHUt m m (CAIRNHILL MOTEL) W 19140 words
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SHARE INFORMATION
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Article, Illustration4082 1986-07-05 10 INVESTORS spent an uneventful session on the Singapore stock exchange yesterday as share prices drifted lower. There was very little news or impetus to trade actively. With certain exceptions, most share prices kept within narrow margins and interest was confined to4,082 words
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Article224 1986-07-05 10 SINGAPORE Rise* Indie* My S My 4 Jeda let 140 +20 gTC■■»■■■»■ 629 23 627 4* Sri Hmm 157 +12 IT Indicator **********9*6415 OCIC 735 +10 CT 06/05 -137 -250 K*l»ek| Spa* 240 +9 ITCAOI -4tt0 -4666 JC-MPM 116 +9 BTOCV -***** -*****5 FIN 720 5 STIndwtnak224 words
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Article2682 1986-07-05 10 BID sad oder prion offlrially listed and hiirtw in and reported to the Stock Rwhante at Stafapare yesterday with the In brackets in lota of MM wits anlM otherwise medfied. AD Time Settlement Contract» are quoted after the word "SETT". Big Board deals (In lots2,682 words
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Page 10 Advertisements
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Advertisement13 1986-07-05 10 Air freight is faster Our coverage is better In BT every Friday. fcEIGHT13 words
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COMPANY NEWS
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Article, Illustration232 1986-07-05 11 RAMESH CHANDIRAMANI - ®G)P? By RAMESH CHANDIRAMANI ON MARCH 22, when I last reviewed the technical picture at National Iron, readers were told that the stock held a bullish promise and should be bought at the 12.20 level. The reasons given then (and are still being cited232 words
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Article139 1986-07-05 11 WEDGWOOD PLC: AGM at Wedgwood House, 34 Wigmore Street, London W 1 on Tuesday, July 8, at 11.30am. BERJUNTAI TIN DREDGING Berhsd: EGM at 2nd Floor, PNB Theatrette, Menara PNB 201A, Jalan Tun Razak, ***** Kuala Lumpur, on Wednesday, July 9, at 10am. JACKS INTERNATIONAL Limited: AGM at139 words
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Article297 1986-07-05 11 CHAN OI CHEE - Profit from sale of stake in Cannons Sports Club By CHAN OI CHEE TRADING-BASED Jack ChiaMPH hopes to realise A 54.19 million from the sale of a 45 per cent equity interest in Cannons Sports Club (UK) Ltd. This will be done through a placing297 words
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103 1986-07-05 11 NST THE deputy chairman of Construction k Supplies House Bhd, Syed Ibrahim Syed Mohamad, is the buyer of the 17 million Promet shares earlier this week. Promet managing director Datuk Brian Chang, who confirmed this, said the shares, equivalent to a 5.06NST - 103 words
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Article2022 1986-07-05 11 BID aad ofler price* officially listed aad boriaM in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of rtiares traded riiown in brackets in lots of 1,900 unite unless otherwise specified. •OUSTRMLS Acmo(l22B) xd Alcom <68'*B) (10) 69 (8) 68 (3)2,022 words
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Article915 1986-07-05 11 EQUITIES opened quietly lower in London yesterday at the end of the first week of the account and after the eight-point fall on Wall Street overnight, dealers said. At 9.15 am, the FTSE 100 Share Index was down 2.5 points at 1,653.7. The market was still feeling the915 words
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Article481 1986-07-05 11 MR CHAN SEK KBONG, a direcand its subsidiaries, Wilkie Securities Pte Ltd and Rimau Akar Pte Ltd, resigned from the board on June 30, 1986. MALAYA GLAS8 Factory Bhd has stated that the proposed sale of its assets to FAN Containers has been aborted. The proposed sale was481 words
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Article392 1986-07-05 11 SELECTIVE buying amidst a generally softer background resulted in a mixed close with an easier bias on the Kuala Lumpur stock market yesterday. Lower liners continued to dominate the active list and small gains were registered. Overall, price changes were marginal but scattered double-digit392 words
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Page 11 Advertisements
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Advertisement9 1986-07-05 11 Unit Trust and Selected Indices tables on Page 99 words
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Advertisement291 1986-07-05 11 NOTICES i.'L. fTTTT f'l. d COMPANIES ACT, CAP. lM FEWY INVESTMENT PRIVATE LIMITED (IN MEMBraW VOLU NTARY LJQLTDATION) At an Extraordinary General Meeting of the members Of FEWY INVESTMENT PRIVATE LIMITED duly convened and held at #1101, Ocean Building, 10 Collyer Quay, Singapore 0104 on June 30, 1968 the following291 words
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Advertisement280 1986-07-05 11 COMPANDER ACT, CAP. 1H (IN MraMßf VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of NIFRA PRIVATE LIMITED duly convened and held at #11-01, Ocean Building. 1C Collyer Quay, Singapore 0104 on June 30, 1986 the following Special Resolutions were duly passed:(1) "That the Company be wound up280 words
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Advertisement286 1986-07-05 11 :i, vt\„ rrr COMPANIES ACT, CAP. 1» PLENY INVESTMENT PRIVATE LTD (IN MEMBWW VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of PLENY INVESTMENT PRIVATE LTD duly convened and held at #11-01, Ocean Building, 10 Collyer Quay, Singapore 0104 on June 30, 1888 the following Special Resolutions were286 words
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Advertisement289 1986-07-05 11 TT*'"T mOMpHkiM,CkpIH. AND At an Extraordinary General Meeting of the Member* of GLOBAL I-CMNG SERVICES PTE LTD duly convened and held at The Plnetree Club, 30 Btevena Road, Singapore 1025 on the 28th day of June 1888 at 7JO p.m., the following Special Resolution was duly passed:"That the Company be289 words
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Advertisement264 1986-07-05 11 i... .-lill t IJ BißSaSwe At an Extraordinary General Meeting of the mem* bers of Dean Witter Futures (Singapore) Pte Ltd duly convened and beld on Monday. June 90, 1986 at ILM am at 1501, Gloucester Tower, 11 Pedder Street, Central Hong Kong, the following SPECIAL RESOLUTION set out below264 words
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673 1986-07-05 12 MARGARET THOMAS - By MARGARET THOMAS IT IS ON the wide and and intricate network of top-level contacts in the international business world that a good deal of Singapore's future foreign investments rests, said BrigadierGeneral Lee Hsien Loong on Wednesday at the end of673 words
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315 1986-07-05 12 ALVIN TAY - By ALVIN TAY HONGKONGBANK's wholly-owned subsidiary, Collyer Quay Properties Ltd, will sign a $50-million corporate bond issue on Wednesday to replace its package, a move which will result in annual savings of about $1.5 million. The issue will be leadmanaged by Wardley Ltd315 words
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160 1986-07-05 12 THE TRANSPORT and communications industry did well in April. Air cargo handling traffic increased by over 17 per cent compared with the same month last year. The latest economic weather report, compiled by the SBCs Friday Background series, also said exports of electronics160 words
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Article508 1986-07-05 12 Stock Price* on Price on Price on May 2 Juno 27 July 4 change INDUSTRIALS Acmo 0.86'/i 1.30 1.26 -0.04 +45.7 Alex Holdings 1.25 1.25 BAT 1.45 1.96 1.93 -0.03 33.1 Cycle Carriage 0.99 1.77 1.66 -0.11 67.7 C K Tong 1.00 1.94 1.90 -0.04 90.0508 words
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Article239 1986-07-05 12 INTERMITTENT BOUTS of profit-taking during the week caused fluctuation in the prices of trustee stocks, in contrast to rising prices a few weeks ago. Trading was quiet for most of the week and they ended mixed to easier in line with the general market.239 words
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229 1986-07-05 12 AFP THAILAND WILL play host to a meeting of representatives from agriculture exporting countries in a concerted effort to oppose rising Western protectionism. Sawanit Kongsiri, a Foreign Ministry spokesman, said yesterday that working committees from 13 countries would attend the first "meeting ofAFP - 229 words
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399 1986-07-05 12 AFP SOUTH AFRICAN Foreign Minister Pik Botha has called on his countrymen to unite and break foreign sanctions, which he said could last a long time. Mr Botha said Pretoria was now dealing with conservative administrations in major allies such as the US and Britain.AFP - 399 words
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429 1986-07-05 12 AP JAPAN'S International Trade and Industry Minister Michio Watanabe said that he was pleased that the Japan-US dialogue was leading to a resolution of disagreement concerning semiconductor trade, said a Miti official in Tokyo yesterday. Mr Watanabe's statement came after the USAP - 429 words
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Article118 1986-07-05 12 Reuter THE PEOPLE'S Bank of China will allow the issue of commercial paper in 10 cities for the first time since IMB to help ease an unprecedented credit squeeze that has halted production in many factories. The CHna Dmily said yesterday that hanks in theReuter - 118 words
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Article104 1986-07-05 12 Reuter SUPPORTERS in West Germany of Tamil guerillas seeking a separate state in Sri Lanka yesterday said they wanted an end to West German development i<h to Colombo. Representatives of the Liberation Tigers of Tamil Edam, the biggest guerilla group in Sri lanka, saidReuter - 104 words
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Article65 1986-07-05 12 Reuter THE Chinese army will allow non-commissioned officer ranks (or the first time as part of its reform programme. The New China News Agency said yesterday that soldiers who had been in the army for one year and had a good record would, after training atReuter - 65 words
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LATE FILE
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Article55 1986-07-05 12 AP JAPANESE Prime Minister Yasuhiro Nakasone yesterday said that he was determined to attain a 4 per cent economic growth rate for Japan in fiscal 1906, but added that it would require bold, stimulative measure». A programme to improve the economy will be workedAP - 55 words
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Article52 1986-07-05 12 Reuter INDONESIA, which had to struggle with a rice glut last year, may soon have to rely on imports to meet rising demand. Junior Minister for Food Crops Wardoyo said that rice output would grow by just 0.18 per cent in 1986 against 2.7 per centReuter - 52 words
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62 1986-07-05 12 Reuter US, British and Cayman Islands officials yesterday signed a treaty to help Washington get around Cayman bank secrecy laws when prosecuting crimes such as insider trading and drug smuggling. The Governor of the Caymans said that the treaty was a sign to theReuter - 62 words
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Article48 1986-07-05 12 Reuter THE JHAI government formed after the general elections will consider requests by Thailand Tantalum Industry Corp Ltd for a 965 million baht soft loan and exclusive rights to export tin slag. The company's Phuket plant was burned by rioters last month. RenterReuter - 48 words
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Article31 1986-07-05 12 Reuter PRESIDENT Suharto has emphasised that the armed forces must play a bigger role in helping Indonesia's transmigration programme, especially in providing transport for the settlers.Reuter - 31 words
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Article47 1986-07-05 12 Reuter INDIA plans incentives for Indian firms tendering for foreign projects and consultancy services. Firms will get a SO per cent subsidy on expenses incurred in tendering on an approved list of products for overseas contracts and 10 per cent on consultancy tenders.Reuter - 47 words
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Article38 1986-07-05 12 Reuter FIVE employees of Taipei's First Commercial Bank were arrested yesterday in connexion with alleged illegal lending to the Singapore subsidiaries of two local shipping agencies. Four employees were arrested last Friday. ReuterReuter - 38 words
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Page 12 Advertisements
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Advertisement203 1986-07-05 12 NOTICES NOTICE PROPOSAL TO CHANGE We, Messrs Khattar Wong ft Partners of 1, Bonham Street #18-01, UOB Building, Singapore 0104, Solicitors for LAUTAN AMAN SHIPPING PTE LTD (formerly known as KEY-IN SYSTEMS PTE LTD) of 11 Collyer Quay, #12-07 The Arcade, Singapore 0104, hereby give notice on behalf of our203 words
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Advertisement208 1986-07-05 12 NOTICE PROPOSAL TO CHANGE We, Messrs Khattar Wong ft Partners of 1, Bonham Street #18-01, UOB Building, Singapore 0104, Solicitors for LAUTAN AMAN SHIPPING PTE LTD (formerly known as KEY-IN BYSTEMS PTE LTD) of 11 Collyer Quay, #12-07 The Arcade, Singapore 0104, hereby give notice on behalf of our said208 words
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Advertisement112 1986-07-05 12 Economist Hyi Jipin'i trad* surplus with US wiM fall, Pago 3 EJEJEIEJEJGTEJEIEJEJEIGIE® China Arts Crafts Trade Negotiation nnmu£#«*x&a»sft Items: Diamonds Hand-made silk flowers Silk carpets Jewellery Wood stone carvings Paper umbrellas Feather pictures Shell-carving pictures Paintings Toy gift items Hand-painted silk screens fans Cork carvings Samples are available. Trade negotiations112 words
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Page 12 Miscellaneous
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Miscellaneous36 1986-07-05 12 laaEßoaa Outlook foe tody Showsfi ovtr rr~n imi^i tor 24 hours prior to M July 3 ot tht airport: t+> D n in# nil in m RoHiTon m minimeTrci Roinfoll rim loowrii Rainy days rim monrii36 words
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