The Business Times, 13 September 1986
1986-09-13
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The Business Times
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Title Section13 1986-09-13 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, SEPTEMBER 13, 198 C 75 CENTS13 words
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Article, Illustration515 1986-09-13 1 LORETTA McLAUGHLAN - Group wins court order to convene meetings with creditors By LORETTA McLAUGHLAN DEBT-LADEN Promet Bhd took a number of legal steps yesterday in a bid to save the company from being wound-up. The group obtained a Kuala Lumpur High Court order yesterday to convene meetings with515 words
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Article, Illustration495 1986-09-13 1 CORPORATE and financial developments are fuelling optimism that Singapore is on target to meet officially projected economic growth rates of four to six per cent annually over the next five to ten years. This was the message delivered by Finance495 words
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295 1986-09-13 1 CONFIDENCE in Singapore's long-term growth is based on expected improvements in the quality of its workforce and in the economy's flexibility. Finance Minister Dr Richard Hu pointed out that only 20 per cent of the working population did not have any formal educational qualification last295 words
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Article113 1986-09-13 1 Bernama THE deputy president of the United Malays National Organisation, Datuk Musa Hitam, has said that Joh or and Singapore should not be "suspicious" of each other but try to ensure continued cooperation, especially economic. He said that both the Johor and Singapore governments had theirBernama - 113 words
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Article106 1986-09-13 1 Reuter TOKYO share prices suffered their biggest one-day fall yesterday in reaction to Thursday's plunge on Wall Street. The Tokyo stock market average tumbled 621.96 yen to 17,938.89 at one point in morning trading, surpassing the previous record drop of 563.81 set on July 21. TheReuter - 106 words
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330 1986-09-13 1 LUCY NG - By LUCY NG AFTER STAVING off at least two winding-up attempts last year, Eastern Watch Co no longer has the energy to fight another creditor over $7,300. It finally succumbed yesterday and although creditors were willing to give it time, counsel for the330 words
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Article, Illustration219 1986-09-13 1 IN SPITE OF a firm start to the day, share prices on the Singastockmarket ended generally easier in moderate trading. At the close, the Straits Times Industrial Index was 6.22 points lower at 834.21 and the more broadly-based BT Composite Index was down219 words
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Article246 1986-09-13 1 INDONESIA yesterday devalued its national currency by 45 per cent to 1,644 rupiah per US dollar to prevent an economic collapse after the drop in the price of oil, the mainstay of the country's economy. Finance Minister Radius Prawiro, in a televised announcement, said that246 words
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113 1986-09-13 1 Reuter INDONESIAN Foreign Minister Mochtar Kusumaatmadja yesterday said that he doubted if a common market in South-east Asia would bring any benefits. Indonesia, along with Singapore, opposed the idea of a common market for Asean when it was proposed by the Philippines during aReuter - 113 words
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Article51 1986-09-13 1 Reuter THE INTERNATIONAL Tin Council reviewed its procedures for handling legal matters arising from the demise of its buffer stock last year but took no decisions during its talks this week. ITC delegates said in London yesterday that the council would next meet on Oct 1 andReuter - 51 words
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Page 1 Advertisements
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Advertisement177 1986-09-13 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM All Star SE Crafted from the finest persimmon wood, the wood heads are dual weighted for consistent accuracy. The irons are cast in mild stainless steel with excellent toe and heel design built for exact pinseeking characteristics on off-centre shots. The new improved and177 words
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Advertisement321 1986-09-13 1 Committee of Privileges hearing Day 5 THE COMMITTEE of Privileges looking into Mr JB Jeyaretnam's alleged abuse of parliamentary privilege has adjourned. It will make its report to Parliament after the High Court has heard the appeal against Mr Jeyaretnam's conviction of false declaration. Full report, Back Page. \mm SHAME321 words
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Advertisement134 1986-09-13 1 Ttw Wall StrNt plung*, Page 4 2 HOT APPROACHES TOTHEOMEH THE NEW TOP-FLITI IRONS I 1 The big muscles on the back gives the force of a heavyweight punch. With all its power the sweet-spot delivers a soft-feel for the finest pin-point accuracy. You'll develop a more confident attacking play134 words
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Advertisement84 1986-09-13 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM A page of investment ideas EVERY MONDAY, BT will provide readers with ideas on how to make their savings grow in Personal Investment, a new weekly page. Each week, our team of experienced journalists will scour the world of currencies, precious metals, financial futures,84 words
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HOME NEWS
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394 1986-09-13 2 LUCY NG - By LUCY NG THE ONE-YEAR-OLD marriage between troubled retail giant Emporium Holdings and publicly-listed QAF Ltd seems to be on the rocks. The joint venture, Oriental Market Holdings, is seeking a permanent injunction to stop Emporium Holdings from taking legal action to evict them394 words
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312 1986-09-13 2 MORE THAN two family members may now become joint-owners of an HUDC flat and withdraw their CPF savings to pay for it. The policy had been for no more than two family members to be joint-lessees of the middle-income312 words
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Article116 1986-09-13 2 RESIDENTS of Ang Mo Kio can continue to renew their season parking tickets by post until Sep 16. So far, about 350 motorists have applied to renew their seasonal parking tickets by post under the HBD pilot scheme. It was launched launched early this month. Some116 words
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Article, Illustration284 1986-09-13 2 WILFRED ANTHONY, who made headlines 10 years ago for busting a $5 million-a-day illegal bookmaking ring, has been named Singapore's top private eye. Mr Anthony, 53, beat two other local private eyes, Mr EH Sheares and Mr Harmon Singh, to win the "Truth284 words
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172 1986-09-13 2 MEMBERS of the public can now send their refuse to the Tuas incineration plant and welcome to it too. The plant, located at Tuas Avenue 20, does not charge any fees for disposing refuse weighing less than one tonne. The usual disposal fees will172 words
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265 1986-09-13 2 WHAT APPEARED to be a major land acquisition programme in the offing by the Public Works Department turned out to be a minor fait accompli. More than a page-full of land acquisition notices were inserted in the Straits Times by the PWD last Friday265 words
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256 1986-09-13 2 AFTER HAVING to answer some 1,300 maintenance calls a month, and spending hours on leaking taps, faulty cisterns and clogged sinks, the HDB is washing its hands of the chore. Residents will soon have to do these simple repairs themselves.256 words
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Article151 1986-09-13 2 FRANCIS SIAH, 38, the ■founder and former head of Lamipak Industries, was declared a bankrupt yesterday by the High Court. Yesterday's action is not the end of the ordeal for the former plastic manufacturer. He is still assisting the police with investigations into alleged irregularities151 words
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Article131 1986-09-13 2 DBS BANK yesterday announced new prime lending and deposit rates which will take effect on Monday, September 15. Its prime lending rate will be reduced by a quarter-point to 6 per cent. Interest on savings account is now 3.5 per cent, down half a point,131 words
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Article43 1986-09-13 2 THE NEW BOARD of Telecoms has nine members and not eight as reported in BT yesterday. Mr Lam Chuan Leong will automatically join the board when he takes up the general manager's post next month. We apologise for the error.43 words
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Article, Illustration265 1986-09-13 2 JANICE AW took a calculated risk when she quit her job as an auditor to go back to school for nine months to learn study systems analysis. Miss Aw, 25, was one of 49 people who graduated yesterday with a diploma in systems analysis from265 words
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365 1986-09-13 2 SINGAPORE has been appointed by the Japanese Ministry of International Trade and Industry to carry out first inspection checks on products to be sold to Japan. The long-sought after appointment will make the Singapore Institute of Standards and Industrial Research (Sisir) the first365 words
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Article188 1986-09-13 2 LOCAL FASHION designers and clothes manufacturers will display their latest spring/summer collections in New York and Paris over the next three weeks. Eight companies and a group of young designers will be making their debut at the New York Pret-a-Porter, one of the most important188 words
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Article1083 1986-09-13 2 AT CONVENTIONAL WHARVES VNNI B«rth Arrival Departure KEPPEL WHARVES Auby K25W aiongstde 13.9/1200 Bintong Sena K25E alongside 13.9/1500 Dong 1 K33 alongside 13.9/1500 G Setotoo-5 KI9 alongside 13.9/1100 Hunzo K18 alongside 13.9/0600 Komaten KI6 alongside 13.9/0600 Kiccho Maru K20 alongside 13 9/0600 Straits Hope K24E alongside 13.9/15001,083 words
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ASIA-PACIFIC
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454 1986-09-13 3 REAGAN Administration economists say recent reports of stronger employment, manufacturing performance and business purchases offer encouraging signs that US economic growth will improve. While it is too soon to declare a solid trend, the government analysts say the reports are positive. Forecasts454 words
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235 1986-09-13 3 Reuter THE EUROPEAN Parliament has adopted a report calling for import tariffs on Japanese goods only days ahead of the start of crucial international negotiations on new global trade rules. Thursday's report, carried by a substantial margin of 238-3 votes, said suchReuter - 235 words
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550 1986-09-13 3 Reuter PHILIPPINE President Corazon Aquino leaves on Monday for the US, buoyed by the expectation of a warm reception. But she is ready to get tough if the Reagan Administration questions her about domestic policies. Mrs Aquino said she was not upset byReuter - 550 words
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Article363 1986-09-13 3 WEST GERMAN Economics Minister Martin Bangemann has warned countries meeting next week to hammer out terms for a new round of global trade negotiations that intransigence could spell the death of the talks. Mr Bangemann said some members of the world trade body Gatt, which363 words
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191 1986-09-13 3 HONGKONG governor Sir Edward Youde has urged British businesses to increase investment in the colony in order to bolster their competitiveness in world markets, particularly in Asia and the Pacific. Addressing the annual dinner of the Hongkong Trade Development Council on Thursday,191 words
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Article831 1986-09-13 3 ARRIVALS Operator Service Local time From 3A GA1218 0420 SUB HA AAS SQ41 MH601 0615 0705 MAA KUL •AK MK746 0755 MRU AAS MH68I 0620 KUL CAL KE624 0640 KUL IV CV796 0645 LUX/DXB HAAS MH8I1 0910 PEN HAAS MH671 0920 KUL KC AC858 0950 YYZ/LHR/BOM 3>A831 words
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241 1986-09-13 3 AP OFFICIALS from Japan and Taiwan ended on Thursday a two-day annual trade conference to discuss increased Japanese investments in Taiwan and problems linked to US protectionist moves. A memorandum cm the meeting was signed yesterday, according to officials of Taiwan's Association of EastAP - 241 words
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Article123 1986-09-13 3 AP SOUTH KOREA has been heeding US advice to open its markets to imports and the main beneficiaries so far are Japanese, a visiting parliamentarian said on Thursday. US businessmen are less aggressive than the Japanese in taking advantage of the situation, Dr Kim Byung-Soo saidAP - 123 words
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121 1986-09-13 3 Reuter INDONESIA must join other developing nations in gearing its arms industry for exports, a senior Defence Ministry official was quoted as saying. The influential armed forces daily, Harian Ab, reported yesterday that Hardijono, the head of the ministry's Industrial Research and Development Agency,Reuter - 121 words
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Article, Illustration49 1986-09-13 3 A WORLD RECORD price of A 5102,000 was paid at the Royal Adelaide Show on Thursday for a stud merino ram. Standing from left to right are buyer's representatives Luis Piquemal and Hermann Baldassarre from Argentina, and breeder Neil Garnett, owner of the Collinsville.49 words
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129 1986-09-13 3 AFP AUSTRALIAN scientists have altered the taste and smell of mutton in a bid to increase meat exports to Japan and South-east Asia, a research scientist said on Thursday. Scientists have found a way to overcome Japanese dislike of the natural taste of mutton,AFP - 129 words
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155 1986-09-13 3 Reuter JAPANESE Prime Minister Yasuhiro Nakasone has told the Economic Planning Agency to make greater efforts to achieve the government's 4 per cent economic growth target for the year ending next March 31 by increasing public works spending. The EPA is in the processReuter - 155 words
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Page 3 Advertisements
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Advertisement71 1986-09-13 3 Move to rMtor* US compttttivtiMn, Pag* 4 T~ II I The business person's choice, every I I II %I I If II I Tuesday, Thursday, Saturcioy and I 1 VI \l I a 1 a| \l Sunday. Leaving Changi Airport at I ly J 1 1 S VyJ- 22:00 hours71 words
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Advertisement33 1986-09-13 3 #> uote, Unquote I learn from President Sadat, whose knowledge and experience is like a university. Hosni Mubarak, who took over as Egypt's third president shortly after Anwar Sadat was assassinated in October 1981.33 words
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Advertisement122 1986-09-13 3 (■olden Phoenix Sichuan Restaurant experience in Sichuan cuisine m m VV? -J r_v o\^ c% ,O d A 0" As the first Sichuan restaurant, we are still keeping the high standard of cooking and service. Thus, earning us the reputation of preparing the best Sichuan cuisine in Singapore. Over ever122 words
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REST OF THE WORLD
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Article, Illustration634 1986-09-13 4 A new breed of market players blamed for plunge on Wall Street Reuter SPECULATORS using sophisticated computers to make splitsecond profits and average stockholders wanting to cash in on the four-year bull market were blamed for the panic selling that hit Wall Street on Thursday, creating oneReuter - 634 words
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313 1986-09-13 4 NYT SENATE DEMOCRATS, alarmed about threats to the American standard of living, offered on Wednesday a legislative blueprint to overcome trade and other problems related to the nation's ability to compete. One of the main proposals is for the creation of an independent, 16-member NationalNYT - 313 words
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167 1986-09-13 4 AFP SOUTH AFRICA'S emigration rate rose by 37 per cent over the first seven months of this year, while the number of immigrants to the country dropped by well over half, Pretoria authorities reported yesterday. The government's Central Statistics Service said there were 4,138AFP - 167 words
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284 1986-09-13 4 Reuter AGRICULTURE MINISTERS and delegates from 49 African countries on Thursday endorsed a series of ambitious reforms to increase food output and accused South Africa of hindering efforts to boost production in the southern part of the continent. At the endReuter - 284 words
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Article135 1986-09-13 4 Reuter THE OPEC Fund for International Development had reduced new lending to developing countries by some 60 per cent from peak levels because of the fall in oil prices, the fund's directorgeneral said on Thursday. Yesufu Seyyid Abdulai told a news conference in NairobiReuter - 135 words
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RAW MATERIALS
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Article329 1986-09-13 4 RAS prices in S cents/kg, FOB in bale* NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 186.50 187.50N 187 50 188 50N Int 1 RSS Oct 86 186.00 187.00 187.00 188.00 Int 1 RSS Nov 86 187.00 188.00 188.00 189.00 Int 2 RSS OP 180.00329 words
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Article106 1986-09-13 4 (e*ntj/kg, 1-ton poll**) OCT 86 NOV 86 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Skiers SSR 20 SSR 50 163 00 165 00N 163 50 165 50N 160 00 162 00N 160 50 162 SON MRELB Btfy«rs Sellers Buyers Sellers SMR CV SMR L106 words
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Article90 1986-09-13 4 Reuter THE PRICE OF TIN on the Kaala Lampar tin market yesterday closed tws eeats lewer at Mf14.1l per Idle. After spealag changed at Thursday's level, the priee slipped sa early large offerings, hat hayera were still reserved» Japaa agala teek meat ef the disposals, dealers saM. LocalReuter - 90 words
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Article302 1986-09-13 4 Reuter SINGAPORE The market closed higher yesterday with October One RSS buyers quoted at 187.00 cents per kilo, up 2.25 cents from Thursday. On the TSR-20 market, prices also firmed on some short covering but trading remained quiet. TSR-20 October gained 2.50 cents to 160.00 cents per ldlo andReuter - 302 words
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Article219 1986-09-13 4 MALAYSIAN crude palm oil prices yesterday rebounded from their lows to close higher on preweekend covering and some speculative buying, in line with steadier palm oil futures and firmer overnight Chicago soyoil futures. Dealers noted that India's continued failure to buy palm oil at its weekly vegetable oils219 words
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Article65 1986-09-13 4 Bangkok Broken Rice 128 125 (USS/tom*. FOB) A-1 Super A-1 Special White Rice C-l Special C-l Ord unq unq 100% 1st class 255 100% 2nd closs 220 Loonzoin Rice 100% 3rd class 215 100% 1st grade 271 5% 10% 205 200 100% 2nd grade 100% 3rd grade unq 15%65 words
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Article148 1986-09-13 4 Chinese Produce Exchange Seders' noon closing price* on S«pt 12 (S$/100 kg). Coconut oil Bulk FOB 40.00 OW drum FOB 53.00 New drum FOB 57 00 Robust a 20/25% FOB NSW Nutmeg 110 FOB NSW BWP FOB NSW Gombier FOB NSW 595 00 1405.00 1289 00 330 00148 words
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Article206 1986-09-13 4 Reuter WHEAT FUTURES on the Chicago Board of Trade were mostly lower at the close of a dull session on Thursday, with prices ranging 1-3/4 US cents a bushel higher in nearby September to three cents lower in deferreds. Trading was quiet across the grain floor ahead of theReuter - 206 words
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Article597 1986-09-13 4 Reuter COFFEE Robusta futures on Thursday afternoon held around earlier firmer levels. However, the market ended below the morning's five-month highs, as profittaking and heavy chart resistance around £2,400 on November proved difficult to overcome. Contracts ended an active session £64 to £30 a tonne higher. November tradedReuter - 597 words
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Article189 1986-09-13 4 Reuter SOYBEAN FUTURES on the Chicago Board of Trade were mostly higher at the close of a quiet session on Thursday, ranging 1-1/4 US cents higher to unchanged. Trading was very light throughout the session ahead of the USDA's Sep 1 harvest forecast, and prices traded within a rangeReuter - 189 words
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Article96 1986-09-13 4 OIL PRODUCTS IT WAS a quiet day in the Far East petroleum products market. Naphtha prices stabilised after sharp falls recently. Kerosene strengthened slightly on continued buying interest and limited supply. In the crude market October Tapis barrel was done at U5513.70 a barrel. Closing prices for crude (fob origin)96 words
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Page 4 Advertisements
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Page 4 Miscellaneous
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Miscellaneous48 1986-09-13 4 Doonesbury /S THIS YOUR HRST AFRAIP EXPOSURE TOPER- qq p/D/. formanceart anything J SHOULD KNOtAJ 7 m 7a 1 m rr, E lit! m m m W 'M BY GARRY TRUDEAU ,v ie> Li A GOSH, I'M LOOKING FORMJARP TO THIS. IMAGINE. YOUR WIPES A GENIUS. -J *348 words
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BANKING AND FINANCE
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709 1986-09-13 5 Reuter US BANKS have been failing at the fastest pace since the depression and American officials say many more failures are likely as problems in the farm and energy sectors continue to take their toll. So far this year 100 commercialReuter - 709 words
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521 1986-09-13 5 Reuter THE FEDERAL Reserve may be preparing to shift gears subtly in driving monetary policy, signalling a wait-and-see attitude about whether another discount rate cut is needed after all, economists said upon viewing the latest week's banking data. In drawingReuter - 521 words
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238 1986-09-13 5 Reuter THE BUNDESBANK decision on Thursday to leave credit policies unchanged shows that money supply, growing well above the central bank's target, is not its central concern but only one among many factors to be taken into consideration in formulating policy, WestReuter - 238 words
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Article193 1986-09-13 5 Reuter PRESIDENT Alan Garcia said Peru refuses to obey unjust rules in the repayment of its foreign debt, but it is not a subversive country. Mr Garcia told a press conference on his return from the nonaligned summit in Harare that there is aReuter - 193 words
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590 1986-09-13 5 FT THE CANADIAN government plans to grant important new powers to the country's banks and to limit the ownership of financial institutions by non-financial conglomerates as part of a forthcoming overhaul of legislation regulating the financial services industry. Mr Tom Hockin, Minister ofFT - 590 words
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426 1986-09-13 5 Reuter BANK ECONOMISTS have welcomed the sober reaction of financial markets to the downgrading of Australia's international credit rating to AA-1 from triple-A by Moody's Investors Service. They said the downgrading had been anticipated and was regarded as appropriate given fundamental economic problems.Reuter - 426 words
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MONEY AND EXCHANGES
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Article725 1986-09-13 5 Reuter SINGAPORE: The US dollar yesterday firmed In active late trading on short covering and speculative buying. Dealers said growing optimism about the US economy with expectations of strong economic figures yesterday supported the dollar. US August retail sales data is expected to show a 2.5 per centReuter - 725 words
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Article50 1986-09-13 5 RESULTS OF TENDER held on Sep 12 for 91-day Mile to be issued from Sep 15 to Sep 19: OOered: $160,000,000 AppM far: $584,620,000 ABstted: $160,000,000 AeeepM bids: $99.49 approximately 5 per cent, higher bids in full. Average rate «I dtsesaat sa alletoMat: 1.935 per cent per annum.50 words
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Article235 1986-09-13 5 Interbank rotes ot 3pm yesterday: CwTMciw NmuM rdM SmMieofiian Local dollar* to OM IMMt of fofUQfl Md Offer c raaa parity US dolor Starling pound Auifrafcan dolor NZ dolor ConocWon dolor 2.1820 3.1977 1 3462 1 0440 1 5720 2.1830 ***** 1 3490 1 0467 1 5739 2.8196235 words
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Article107 1986-09-13 5 THE OVERNIGHT rate closed at 3/4 per cent yesterday, up 1/ 4 point from Thursday. The one-month rate rose 1/8 point. The two-month rate was unchanged and the threemonth rate gained 1/16. S$ Interbank rates ot 7 pm yesterday: Offer M Ow«rnMif 3/4 1/2 I -month 3 1/8107 words
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Article, Illustration268 1986-09-13 5 Asian market ASIAN DOLLAR deposit rates closed steady to slightly higher yesterday after quiet trading ahead of the weekend. One month was unchanged at 6-1/8 6 per cent, while three to six months closed with pared gains at a common 6-1/8 6-1/16 per cent, up 1/16 from Thursday and nine268 words
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Article517 1986-09-13 5 BA Futures EURODOLLAR futures yesterday gapped down sharply from Thursday's level due to expectation of a stronger US economy and the resurgence of inflation. As US treasury bonds tumbled in the Tokyo market, the December Eurodollar opened 21 ticks lower at 93.77. However, short covering before the retail salesBA Futures - 517 words
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Article288 1986-09-13 5 Reuter HONGKONG: Gold closed firmer in (airly active trading yesterday on renewed buying interest, especially from overseas traders. Gold ended at U*****.00/U*****.50 an ounce compared with New York's U5M07.50/U*****.00 close and the USS4C7.OO/U*****.00 finish here on Thursday. On the local market gold rose HKJ7O to finish at HK53,840 aReuter - 288 words
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TIME-OFF
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Article456 1986-09-13 6 SPEED THRILLS. It also excites, tempts and titillates. The idea of man and machine going against the elements has always carried an aura of romance. The Formula One driver, the motor cycle ace and the acrobats of the skies all come from this mould. Add to456 words
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Article, Illustration389 1986-09-13 6 JAIME LYE - By JAIME LYE WHAT HAPPENS when Elliott grows up and ET has a baby? You get Enemy Mine, a strange movie which just about takes all the fun out of fantasising about close encounters of the fourth kind. For one thing, you discover they389 words
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Article, Illustration487 1986-09-13 6 XANADU has been reborn, and thank goodness it did not come back as a dog. After a three-week, $1 million rejuvenation, Shangri-La's little "paradise" emerged last Monday night a born-again disco with a new entertainment attitude. The smoky black marble, wood and glass decor exudes487 words
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Article, Illustration370 1986-09-13 6 Mike Thumba - *rl Mike Thumba Problem: You are the declarer, East. Using any of the ruffing techniques, please indicate whether you can win the six diamond contract. Send your solutions to Mike Tbumba, c/o Business Times, 390 Kim Seng Road, Singapore 0923. The cut-off date for receiving solutions is two weeks370 words
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Article314 1986-09-13 6 AN ANNOUNCER was heard on the morning radio recently giving details about a forthcoming programme a talk on menopause. She finished her little speech with this advice: "Don't miss it." ANONYMOUS LETTERS to the Editor are normally not published but one of them deserves mention here.314 words
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Article1170 1986-09-13 6 What's on from Sep 13-19 (Exhibition). National Museum Art Gallery. 9am-&3opm. Jazz photographs of Roy Decorava. 125 photgraphs, taken between the 1950s and today, are on exhibit. Moonstone Legends. Rare Stone Museum, Sentosa Island, tin 7pm. On display are nine rare stones depicting old Chinese legends about the moon1,170 words
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Article, Illustration122 1986-09-13 6 ABOUT 200 ARTIFACTS from Ban Chiang in north-eastern Thailand will be on exhibition at the National Museum. The artifacts tracee the beginnings of man in South-east Asia from around 44>00 BC. The diacoveries in Ban Chiang, an early settled rice agricultural society, are up to 6,000122 words
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SPORTS
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Article, Illustration565 1986-09-13 7 Reuter NICK FALDO of Britain broke out of the golfing doldrums with a spectacular course record but failed to intimidate Spain's Severiano Ballesteros in the first round of the European Open on Thursday. Faldo, who has spent most of two years revamping hisReuter - 565 words
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Article, Illustration172 1986-09-13 7 AP US OPEN champion Ivan Lendl heads the list of direct acceptances for next month's Australian Indoor Tennis Championships. Promoter Graham Lovett said on Thursday that Lendl, two-time Wimbledon champion Boris Becker and American veteran Jimmy Connors were among six players in theAP - 172 words
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Article239 1986-09-13 7 AFP STEVE DAVIS's brooding summer of discontent has left him more determined than ever to show the snooker world exactly who is boss. The world No 1 outlined his awesome plans for the new season at his headquarters in Romford, east of London onAFP - 239 words
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499 1986-09-13 7 BRIAN MILLER - By BRIAN MILLER IF YOU'RE one of those who believe in being third-time lucky, then I suggest you make Name Of The Game your banker in the sixth race in Ipoh this afternoon. The five-year-old has been unlucky in both his starts499 words
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Article, Illustration595 1986-09-13 7 AP COMING BACK from a long layoff is not easy in a competitive sport like men's tennis. Bjorn Borg tried but failed. John McEnroe struggled in the first big test after his six-month sabbatical, losing in the opening round of the recent US Open. Now, whileAP - 595 words
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256 1986-09-13 7 AP MARY DECKER SLANEY always has high expectations whenever she races, but America's premier distance runner said on Thursday that she was going into the Mercedes Mile on Fifth Avenue with some trepidation and to have fun. "I don't expect miracles," saidAP - 256 words
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Page 7 Miscellaneous
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Miscellaneous1294 1986-09-13 7 to jiid mm SATURDAY NIGHT MOVIE Who is Killing the Qraat Chefs of Europo? 11.20pm, Channel 5 A comic-mystery story about a feuding divorced couple, a sharp-tongued food critic and a series of mysterious murders which involve the top chefs of Europe. George Segal, Jacqueline Bisset (left) and Robert Morley1,294 words
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Miscellaneous25 1986-09-13 7 NO€.L TH6.CjOSSIP COUUmNIST RePoKrs THPfI" GRROU cnesTeP-Pecßy, PLAV&OV SOtf OF OUR BetCVGO Fißm'S Fou^Deß, is Tt> Lucy Ressto thc millions. Howsesse 1 hcu N*eveß mRRay,25 words
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Miscellaneous766 1986-09-13 7 8 9 CRYPTIC PUZZLE ACROSS 9 Coax to buy some drinks (3, 5) 10 Its spring sun, dad (3) 11 Cans back about a sailor (6) 12 Is capable and accomplished to be frank (6) 13 A policeman gets the doctor free (7) 14 Very fcttte verve (4) 15 Not766 words
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INTERNATIONAL STOCKS
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Article337 1986-09-13 8 FT THE UK GOVERNMENT is planning to go ahead with the privatisation of British Airways, which is expected to raise up to £1 billion "in the early weeks of 1987, sayd Transport Secretary John Moore. British Airways is the largest international airline in the worldFT - 337 words
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Article201 1986-09-13 8 Reuter THE FINANCIAL Times newspaper is planning to launch in January a world shares index, based on the prices of 2,000 shares from 24 stock exchanges. Deputy editor Richard Lambert said the weighted index would be compiled once daily at the close of the New York StockReuter - 201 words
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308 1986-09-13 8 Reuter WALL STREET stocks closed with a record one-day loss on Thursday on the heaviest trading day in history. The Dow Jones Industrial Index fell 86.61 points to 1,792.89, eclipsing the record of 61.87 points on July 7. The New York StockReuter - 308 words
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Article128 1986-09-13 8 Imp Ol a A 46* <-» kKO 18* t lot Prov Pip# 41 to S5 20 Akin Ahjm 43V* -I» Kwr A<fcfao< 6 H £5rSovosco«o "J Mc2L^°° ,r a 38* Mohon A Bel Canada 38* Moore Cp 30* SJSTcT:8» EE5X -a» Conodon hnp Bork I7W T..ZH 26»» ■*<* Canpoc128 words
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Article203 1986-09-13 8 SEP 11 Trust 0k Un Steel 135 73 1450 5 3 25 INDUSTRIALS A AJpho Abercom 1100 290 unch unch MININGS 6525 -125 Aeci 1300 25 -10 unch Angvoo1 *****B AlTKlDfOp AMIC 5200 Blyvoor 2250 ***** unch -300 Barlows 2025 -60 1800 C G Smith 2850 25 CNA 285203 words
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Article520 1986-09-13 8 scr ii US$ 23* -1* 37* -2* 14* 7 AJcon Alumn 31 1* FMC Cp 17* -1* NCR Corp 50* -4* AJcoa 36 H -2* 56* ■2* Alag Intl 19 20* 81* 3* Akd Sag 39* -2* 47* AJh*d Stores 57* 3* 19* Am Brands tnc 86* -3*520 words
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Article888 1986-09-13 8 Amsterdam SEP 11 Fit ABN 571 00 -4 5 105 00 -16 Ahold 95 00 +2 Akzo 160 30 -2 AAAEV 77 80 -06 103 20 11 Ass S»od 127 70 +0 1 Bark at 34 00 -1 5 Borsurrai 115 10 +0 1 Tattarodc 217 00 -4888 words
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Page 8 Advertisements
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Advertisement160 1986-09-13 8 s®3l M m to wiae, tflae asid ir A J September 5-14 Poolside (sth Floor) Royal Holiday Inn Singapore Penang's top 10 specialities prepared by 21 hawkers, specially flown in to ensure absolute authenticity. Offering the island's all-time favourites in true hawker-style, as if you were in Fenang. All you160 words
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Advertisement153 1986-09-13 8 r^ /Savour the\ 1 /'Manhattan Splendour' f*T A superb lunch experience with a grand variety of home made soups, the largest salad bar, fresh seafoods, succulent meats, savoury poultry and delightful desserts. A complimentary aperitif for all patrons. The Manhattan Splendour a superb choice at only $24.50*. 'Subject to 10%153 words
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Advertisement82 1986-09-13 8 191. KIVH6NeZ tDAO, SINGAPO&OB2O TEMSOI22 Nil 1. Over 23 items, including soup of the day, beef, pork, chicken, mutton, seafood, salads, desserts etc 2. BBQ at the comfort of your own table. 3. There is no limit to how much you can eat 4. Adult $9, Child $5, Lunch (12pm-2.30pm)82 words
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Advertisement166 1986-09-13 8 From 16 August to 30! yourself on the very Des Matsuzaka Beef. Select from our list of liquor available in full Dottles at very reasonable prices cthvk tew $<o oo xymn* walker $KOO Wacmaoet D oto Parr tec 00 b •em* Martin VSOP $cs X Marceo VSOP SSSOO LUOCI Marten166 words
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Advertisement162 1986-09-13 8 London stocks on Pago 11 That's how we count at The Lounge during our Happy Hours from 5 pm to 7 pm daily. When a guest has had two similar drinks, the third is free. y And every night at 8 pm except Sundays. VTB Wizard comes on with its162 words
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ASIAN STOCKS
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Article375 1986-09-13 9 HONGKONG: Share prices closed sharply lower yesterday as news of police searching the Wing On group offices compounded the momentum of profit taking. The plunge in New York and Tokyo also hurt sentiment. The Hang Seng Index lost 31.59 to end at 1,966.33 after rising 21 on Thursday to375 words
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Article255 1986-09-13 9 S£f 12 Al Smcere Indus NT 1 66 23 50 -001 -0 1 Kuochan Dev Le« Chang Yuen Chem Indus Lien Hwa Indus 20 00 30 90 11.05 -03 -0.5 -0 05 31 80 0 1 3370 ■0.1 Chang Hwa Bank 39 20 0 5 -0 1 Nat Investment255 words
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Article271 1986-09-13 9 SEP 12 Aimomoto Ym 1650 80 Mitsub Elec Mitsub Estate Mitsub Heavy 513 2330 630 1360 -17 -90 •30 10 Akoi 383 2 758 -32 845 15 860 -21 Asoht Gtoss 1280 50 MiTSi* >y Bonk Of Tokyo 880 -19 1240 20 Bodgestone 701 9 70 Conon 970 -18271 words
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Article84 1986-09-13 9 SEP 12 f||01 Moriteet Onantol B 0014 0001 AcO|* Minng PW OvarMot 0.016 unch Angto Phrf 0 001« ***** Ph4«x B 0 38 +001 0014 Picop 6 PLOT 262 50 -7 5 Son Miguel B 68 +0 5 Boguto Gold Seofront 0 0095 unch Bosk Petroteum 0 0055 unch84 words
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Article525 1986-09-13 9 SYDNEY: Australian stocks closed steady yesterday in heavy trading after widespread early selling in response to the sharp fall on Wall Street overnight. Trading was mixed as moderate support for resource issues and heavyweight miners offset selling pressure on industrials. The All Ordinaries Index had edged up 0.4 points525 words
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Article98 1986-09-13 9 ChJ Lon, ,g 7 V.o Kongwoo Ind 1039 -39 SUBSET sS Mo,w 1960 IVrt Ko4on 2335 -55 D«££? H*ovv 400 ?0 KofM T«m, 1438 -14 7741 "in Luck, Ltd 1640 -41 30 On«o»ol 1330 unc* D£2 W, WW 1575 TO Che™ 1800 -45 *77 "2 p o«tK Oem«>< 149098 words
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Article152 1986-09-13 9 Reuter BANGKOK: The Securities Exchange of Thailand Index yesterday dipped 1.16 to 160.50. Turnover amounted to 726,377 shares valued at 130.9 million Baht. Reuter SEP 12 Ao Khom Thai Asm Fix* •dm 152 3 Siom Cement Siam Ouens Siom Citizens 705 stop -18 Ayudhya Investment Bangkok Agro-ind 178 35Reuter - 152 words
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Article59 1986-09-13 9 Reuter FLETCHER Challenge Ltd's offshore construction unit has bought 80 per cent of Pacific Construction Co (annual turnover US$l2O million) of Hawaii for an undisclosed sum. Fletcher told the New Zealand Stock Exchange the purchase is an extension of its operations in the Pacific and willReuter - 59 words
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355 1986-09-13 9 NBT CHUJTTSUYA CO Ltd, one of the largest supermarket and department store chains in Japan, will finally set up an outlet in Malaysia towards the end of the year. Sources said officials of Chujitsuya were talking to the potential local partners onNBT - 355 words
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126 1986-09-13 9 Reuter AUSTRALIA'S Qantas Airways Ltd has won a contract worth more than As2o million from the Civil Aviation Administration of China, CAAC, to provide engineering and maintenance for CAAC's Boeing jets. Chief Executive John Menadue said Qantas would maintain engines and other aircraftReuter - 126 words
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157 1986-09-13 9 Reuter A CHINESE factory has posted collateral for a bank loan, apparently the first time such a guarantee has been required in China, the New China News agency said. It quoted an official of the Construction Bank of China as saying the bank loanedReuter - 157 words
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113 1986-09-13 9 Beraama PERTAMINA's production sharing contractor company, Hudbay Oil, has discovered another oil and gas deposit in the Malacca Straits, 60 km south-east of Sungai Palming City, Riau province. The deposit is estimated to keep oil and gas with respective capacity of 302 barrels andBeraama - 113 words
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61 1986-09-13 9 Reuter CELANESE FIBRE Co of the US and Jiangsu Tobacco Co will build a factory in Nantong, Jiangsu province, to produce the raw material of cigarette filters. The official Economic Information Newspaper said the factory, involving an investment of 84 million yuan, would produce 10,000Reuter - 61 words
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Page 9 Advertisements
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Advertisement591 1986-09-13 9 tjJ"," Nf rr-. f^i 3 ja /7;S> T3>^'» NO\ (^Discotheque, Level 4 A vortex of sight, sound and sheer imagery V 1 Ist Drink Charges: Sun-Thur: 9pm 2am;Ssl2** Fri, Sat Eve of Public Holidays: 9pm 3am; SlB LADIES NIGHT NO COVER CHARGE Tuesdays Wednesdays ExccJSor Hotel 5 Coleman Street. Singapore591 words
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Advertisement156 1986-09-13 9 PLUS A TOP LOCAL BAND Every night, we have 2 top bands to entertain you the most popular show band from the Philippines, I Baybells Band and our own local band. Provides I you with an endless repertoire from sentimental i favourites to hot disco rock. I Happy Hours 12156 words
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SHARE INFORMATION
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Article, Illustration4247 1986-09-13 10 THE TONE at the Singapore stock market was generally easier yesterday as share prices drifted down In moderate activity. At the close, the Straits Times Industrial Index was 6.22 points lower at 834.21 while the BT Composite Index was 5.62 lower at 710.67. Turnover4,247 words
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Article220 1986-09-13 10 SINGAPORE FELS L<MM< Tmoh Mum Ittwn C-n M#It® HUs Spora las Ami 25c AWi HUfi G—twai M looklg s r h DBS D KmmI M GWm UOI Rises indiess Sap 11 Sag 12 530 +15 ITCaavaaita 716.29 710.67 398 4-8 IT Mcitd 17*9******59*088 322 8 HOt/OS -29220 words
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Article3758 1986-09-13 10 SECTION ONE INDUSTRIAL COMMERCIAL Acmo (I 538 1 55» (21) I 56 (5) 1 55 (2) I 57 (2) I 54 (II) 1 53 Alcom (0 606) (5) 0 60 (4) 0.60* Amol Steel 50« (1.166 1.175) (69) I 20 (53) 119 (34) 1.18 (103)3,758 words
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COMPANY NEWS
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375 1986-09-13 11 MALAYSIAN International Shipping Corp has received approval from the authorities for its proposed public issue of shares and its subsequent application for a listing on the Kuala Lumpur Stock Exchange. The listing is expected to take place by February next year. The375 words
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Article2199 1986-09-13 11 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. NXJSTRMLS Aimomoto (3006) (1)300 Alcom (7IB) (2) 70V* (3)72 AISB2,199 words
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Article992 1986-09-13 11 SHARE prices yesterday moved sharply lower from the opening, extending Thursday's late falls following the record fall on Wall Street. On Thursday, the FT 30 finished down 19.7 points at 1296.2 and the FTSE 100 was 27 points lower at 1636.5. In the first five minutes of business992 words
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Article200 1986-09-13 11 Malay aa Credit Limited: 24th AGM at Mandarin Court A, 4th Floor, Mandarin Hotel, Orchard Road, Singapore 0923, on Thursday, Sep 18, at 11am. Malaysia Alea Berhad: 17th AGM Sayang Room, Rasa Sayang Hotel, Batu Ferringhi, Penang, on Thursday, Sep 18, at 11am. Alexaadra Holdings Limited: AGM at200 words
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Article394 1986-09-13 11 RAMESH CHANDIRAMANI - Daily readings to be printed in BT's share information table By RAMESH CHANDIRAMANI DBS BANK is to provide investors who dabble in trustee stocks with a separate performance measure to tell them how their shares are doing relative to the rest of the market. From394 words
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Article333 1986-09-13 11 THE FLEET Group has disclosed that it currently owns 74.5 per cent of the equity of The New Straits Times Press (NSTP) and the entire equities of Bank of Commerce (BCB) and The American Malaysian Insurance (AMI). NSTP said in reply to Kuala Lumpur333 words
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146 1986-09-13 11 WILLIAM JACKS, a member of the diversified Johan Holdings group, has completed a new service and parts complex worth over £500,000 in one of its motor subsidiaries in the UK. The new extension at Sunningdale Carriage, which holds the franchise for Mercedes146 words
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Article109 1986-09-13 11 HONGKONG Hongkong Index Friday 1237 55 Thursday 1257.66 Week ago 1239.01 Hang Seng Index Friday 1966.33 Thursday 1997 92* Week ago 1968 53 All Industrials Friday 1944.5 Thursday 1946.6 Week ogo 1970 9 NEW YORK Dow Jones Thursday 1792.89 Wednesday 1879.50 Week ago 1919.71 TOKYO Nikkei Average Friday109 words
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Article231 1986-09-13 11 Monomer]' pricM MARA-Bumiputrs for Sep 13 15 F**t B'putra 4.85 4.90 Singapore Unit Trust The Commerce 0.89 0.96 The Sovngi Fund 0.80 0.86 S'pore Prog Fend 0.37 0.41 S'pore Sec Fund 061 0.66* S'pore Invest Fund 0.61 0.66 S'pore Equity Find 0.43 0.47 Asia Unit Trust Second B'putra231 words
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Article460 1986-09-13 11 SELLERS had the upper hand at the Kuala Lumpur stock market yesterday as investors took to the sidelines to await further developments at Promet Bhd. The market had opened unchanged and moved sideways in lethargic trading during the first hour but prices (ell after the midmorning460 words
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Page 11 Advertisements
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Advertisement288 1986-09-13 11 Chart point will appear •very Monday in Personal Investment, BTa naw weekly page NOTICES KONKRETE MALLS I FLOORS PTE LTD (In Mtmtttii Voluntary Winding—Upi NOTICE IS HEREBY OVEN mat at an Extraordinary General Meeting of KONKRETE WALLS FLOORS PTE LTD duly convened and held at 36 Robinson Road 105-01/02 City288 words
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Advertisement253 1986-09-13 11 NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of OPULIR TRADING PTE LTD duly convened and held at 36 Robinson Road. K6OW2 City House. Srgapore 0106. on 8 Sept 1966 the Mowing resolutions were duly passed as SPECIAL RESOLUTION That the Company be wound up voluntarily ORDINARY RESOLUTION253 words
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Advertisement240 1986-09-13 11 PROPOSAL TO CHANGE OF SHIP'S NAME We Sin Ll&n Shipping Pte Ltd, 10 Anson Road, #14-10/ 20, International Plaza, Singapore 0207, hereby give notice that in consequence of the Intended change of name of ship. We have applied to the Registrar of Singapore ships, under section 417 of the Merchant240 words
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Article, Illustration826 1986-09-13 12 DAVID GABRIEL - Report to be submitted after High Court hears Jeya's appeal By DAVID GABRIEL Special Correspondent THE COMMITTEE of Privileges has adjourned its five-day hearing on the complaint against Mr J B Jeyaretnam about his alleged abuse of parliamentary privileges. The chairman of the committee, Dr YeohPicture taken off TV - 826 words
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248 1986-09-13 12 BEFORE the Prime Minister leaves office, he intends to appoint a new Chief Justice and fill as many other positions on the Supreme Court Bench as there are suitable candidates, he said yesterday. This was because whoever succeeded him was not248 words
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Article169 1986-09-13 12 Stock Price* on Price on Price on Weekly <%)*• May2($) Sep 5 Sep 12 Change change r c Metro Hldgs 1.14 4.16 +0.26 +287.7 C Properties 3.60 4.30 +0.22 25.5 Inchcape 1.05 2.35 +0.21 143.8 Yeo Hiop Seng 1.26 2.79 +0.18 135.7 FELS 1.70 3.82 3.98169 words
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Article306 1986-09-13 12 INVESTORS who committed more funds into trustee stocks during the week are probably resting a lot easier this weekend than their counterparts who did not. This is because profit-tak-ing pressure hit harder among those non CPF-re-lated stocks. Buffered by what some observers call the "big T",306 words
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635 1986-09-13 12 THE COMMITTEE of Privileges heard several witnesses from the legal profession testify yesterday, but none would substantiate JB Jeyaretnam's allegations that the executive interfered with the judiciary. Mr Jeffrey Chan, a former magistrate, confirmed that he left the Subordinate Courts for the635 words
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Article368 1986-09-13 12 MONICA GWEE - By MONICA GWEE A RESOLUTION calling on the Government to withdraw the Legal Profession (Amendment) Bill is to be put before the extraordinary general meeting of the Law Society on Sep 22, a week ahead of the original schedule. The decision to call the EGM368 words
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143 1986-09-13 12 Reuter THE PHILIPPINE Supreme Court yesterday ordered a new trial for former military chief General Fabian Ver and 25 other people acquitted in December of involvement in the murder of Benigno Aquino, husband of President Corazon Aquino. In a majority decision, the court upheldReuter - 143 words
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Article245 1986-09-13 12 THE PORT OF Singapore Authority could incur a loss of $32 million next year because of heavy outlays in development expenditure. A government gazette last night showed that a total of $252 million has been set aside for development expenditure. A huge chunk of that245 words
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203 1986-09-13 12 Reuter PRIME MINISTER Yasuhiro Nakasone yesterday pledged to remake Japan's society and economy in order to reduce its massive trade surplus and make it a truly international state. Outlining his policy goals in a major speech to Parliament, Mr Nakasone said thatReuter - 203 words
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420 1986-09-13 12 BRIAN GOMEZ - By BRIAN GOMEZ Regional Correspondent THREE MALAYSIAN analysts agreed yesterday that Malay political dominance was a reality in their country, but one argued that the strong showing of the Democratic Action Party (DAP) reflected a Chinese desire to share political power.420 words
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Article70 1986-09-13 12 Retuer AUSTRALIA'S alliances with the US and West Europe could be undermined over trade practices damaging its economy, Prime Minister Bob Hawke has said. Australia has protested to the US and the European Community over the dumping of subsidised farm products in world markets, including theRetuer - 70 words
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Article88 1986-09-13 12 Reuter COMEX SILVER FUTURES yesterday rallied to unchanged on dealer buying at midsession after the sympathetic selling coming out of a weak platinum market did not breach Thursday's lows. Silver for delivery in December hovered at Thursday night's close of U555.67 an ounce, with the selling tapering offReuter - 88 words
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Article58 1986-09-13 12 Reuter WALL STREET stocks yesterday recovered some early losses, but continued lower in extremely heavy trading. The Dow Jones Industrials fell 11 points to 1782, after plunging as much as 49 points earlier yesterday. Declines held a substantial four-to-one lead over advances. Volume soared to 127 millionReuter - 58 words
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LATE FILE
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Article41 1986-09-13 12 Reuter THE Kuala Lumpur Stock Exchange has decided not to agree to a request by Grand United Holding Bhd, that the exchange lift a 10-month voluntary suspension of trading in its shares, a KLSE spokesman said yesterday.Reuter - 41 words
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40 1986-09-13 12 Reuter CHINESE Premier Qiao Ziyang has ordered state and local officials to create a better climate for foreign investment. He told them that foreign businessmen should be allowed to operate according to international practice. ReuterReuter - 40 words
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Article53 1986-09-13 12 Reuter TAIWAN, bidding to renegotiate a July agreement limiting its textile exports to the US, yesterday announced tariff cuts on its textile imports from America as a "bargaining chip". It said that it would reduce import tariffs on 351 textile materials and products from the USReuter - 53 words
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Article49 1986-09-13 12 AFP A SHARP increase in imports of textile goods from China helped lift Hongkong's merchandise trade by 10 per cent to US$37 billion in the seven months to July. Imports grew by 12 per cent and total exports rose by 7 per cent. AFPAFP - 49 words
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Article41 1986-09-13 12 Bernama MALAYSIAN tourists topped the list of highest spenders among tourists visiting Thailand last year. Malaysia also topped the list in terms of the number of foreign visitors, followed by Japan and Singapore. BeraamaBernama - 41 words
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Article38 1986-09-13 12 Reuter EGYPT and Israel ended their first summit in five years yesterday with a pledge to revive the stalled West Asian peace process and to make 1987 "a year of negotiations for peace".Reuter - 38 words
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Article43 1986-09-13 12 Reuter INFLATION in the industrialised world in the year to July, with consumer prices up only 2.4 per cent, was at its lowest since 1965, according to figures released yesterday by the Organisation for Economic Cooperation and Development. ReuterReuter - 43 words
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Page 12 Advertisements
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Advertisement8 1986-09-13 12 Nakaaona inki mora public worka apanding, Paga 38 words
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Advertisement49 1986-09-13 12 JOURNAL OF BUSINESS TRENDS Interview with IDS chairman Philip lfeo Profiles of the EM offshoots JTC, SIM, MPB, DBS and Sisii Housing loans: More paths to that dream-house HUDC revisited: The controversy continues Maid-in-Singapore is best, suggests a working woman Life on Pulau Hujong: Paradise lost? ON SALE NOW49 words
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Page 12 Miscellaneous
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Miscellaneous60 1986-09-13 12 saaesraßa Outlook: Cloudy with occasional roin in the evening and showers in several areas in the afternoon. Rep< ort for 24 hours prior to 7.30pm on Sep 12 at the airport: Maximum temperature 27.1 Associated humidity 84 Minimum temperature 21.2 Associated humidity 99 Hours of sunshine 0.00 Roinfoll in millimetres60 words
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