The Business Times, 11 October 1986
1986-10-11
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12
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The Business Times
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Title Section12 1986-10-11 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, OCTOBER 11, IIM 75 CENTS12 words
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Article, Illustration206 1986-10-11 1 Ownm markets FWDAY HK Hang Seng Index 2279.52 (+8.37 Tokyo Nikkei Average Closed Sydney Al-Ordinaries 1329.91 (-8.2 THURSDAY New York (Dow Jones) 1796.82 (-7.03 London (FT 30 Index) 1268.1 (+2O) BMEX AN ESTIMATED 2,617 contracts were traded on Simex yesterday, well below the total volume of 7,902206 words
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Article, Illustration480 1986-10-11 1 AMY CHEOK - By AMY CHEOK THE RALLY on the Singapore stock market continued yesterday albeit at a much slower pace than in the previous two explosive sessions. Most share prices moved ahead and total volume was the highest in the stock market's history. Both foreign480 words
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119 1986-10-11 1 UPI FLAGGING overseas investment in China is unlikely to pick up till next year in spite of new efforts to lure foreign capital. "We are aware of the fact that in recent months some foreign friends have complained about China's investment climate,"UPI - 119 words
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Article103 1986-10-11 1 AP WHOLESALE prices in the US rose 0.4 per cent In September as the pear's biggest gain in petrol price* more than offset cheaper food. So far this year, wholesale prices have fallen 4.0 per cent The September rise followed a 0 J& per cent hikeAP - 103 words
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315 1986-10-11 1 CHINA'S Vice-Premier Tian Jiyun arrives In Singapore today on the first leg of a tour of South-east Asia to boost Beijing's trade and business ties with the region. The Ministry of Foreign Affairs said Mr Tian would be here until Tuesday at the invitation of First315 words
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Article, Illustration549 1986-10-11 1 LORETTA McLAUGHLAN - Seller believed to be Daim Zainuddin By LORETTA McLAUGHLAN IN THE LARGEST ahare placing of a local slock awn in the current bull ran, UK stockbroker Smith New Court Far East haa placed over $m million worth of Stane Darby Bhd549 words
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509 1986-10-11 1 FOO CHOY PENG - FOO CHOY PENG, Chief Reporter TWO SEPARATE STUDIES one on the systems of sales taxes in other countries and the other on how Singaporeans spend their money are being carried out by the Finance Ministry ahead of the proposed implementation of a consumption tax509 words
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Page 1 Advertisements
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Advertisement220 1986-10-11 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM One more precious metal BT BEGINS A NEW SERVICE TODAY. Five days a week, BT will carry platinum prices as quoted in London and New York in a continuing effort to improve on its wide coverage of financial and commodities markets. Im Pagt 5220 words
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Advertisement341 1986-10-11 1 Receivers for Promet units 0 TWO PROMET subsidiaries in Shigapore have met the same fate ss their sister companies in Kuala Lumpur. The High Court yesterday appointed receivers and managers for Promet Pte Ltd and Promet Holdings i i Whisky and bridge HOW DO YOU MAKE the six diamond contract341 words
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Advertisement0 1986-10-11 1 |=(^"^~`/,:/;-|-_^'%[\`|&$;&^{>0 words
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Advertisement67 1986-10-11 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC lhrdsof Difference Spalding's New PRO FLITE Individual Balance Irons Generates a consistent trajectory throughout the set. Thereby resulting in a more consistent distance and accuracy A set-up for more one-putt chances. r* s AMERICA'S FIRST CLUB MAKER. SoieAcent j|| Pl» flit A iutoJduiy of Nan67 words
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HOME NEWS
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627 1986-10-11 2 LUCY NG - HOTEL NEW WORLD 4f£m INQUIRY ImF By LUCY NG THE PUBLIC UTILITIES Board (PUB) and the Development A Building Control Division (DABCD) will be coordinating their efforts to ensure the safety of buildings. At the Hotel New World Inquiry yesterday, PUB's deputy general627 words
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Article406 1986-10-11 2 LIM SOON NEO - By LIM SOON NEO THE Civil Aviation Authority of Singapore (CAAS) made a surplus of 190.3 million in fiscal year 1985/86 which will be used to finance future airport development projects. According to the latest CAAS annual report 1986/86 at the end of March 31,406 words
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158 1986-10-11 2 AN EMERGENCY food exercise Involving 23 wholesalers, Civil Defence members and community leaders will be held from tomorrow to October 19. The exercise is to test an emergency food distribution system where selected items are rationed and kept in controlled warehouses. The commodities158 words
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114 1986-10-11 2 THOUGH THE US has lifted the ban on tropical aquarium fish imports from Singapore, exporters say it will take time for them to resume business. Mr Anthony Chua, the vice-president of Ornamental Fish International (Asia), said there were still some troublesome114 words
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124 1986-10-11 2 A TOTAL of 299 trainees have obtained certificates from the Construction Industry Training Centre (CITC) since it was set up in January 1964. So tar, the centre has also taken in more than 1,380 trainees for its full-time courses where training is provided tree and124 words
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182 1986-10-11 2 WORK BEGINS on Monday on the stretch of the Central Expressway (CTE) running from Norfolk Road to the Ayer Rajah Expressway. This second phase of the CTE, totalling 5.9 km, will be the most ambitious part of the CTE and the most182 words
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Article206 1986-10-11 2 MR LAWRENCE C Mah, group personnel director and executive director of Keppel Corporation, will )o*n the Singapore National Employers Federation (SNEF) when he retires next month. He will take up the post of executive director at SNEF, replacing Mr Tan Peng 800 who is leaving206 words
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290 1986-10-11 2 BELEAGUERED businessman Ho Kok Cheong, who owes more than |11 million in taxes, was yesterday granted a last chance to save 11 of his companies from being wound up. Judicial Commissioner Chan Sek Keong decided on the final reprieve after Mr Ronald Lee, counsel290 words
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228 1986-10-11 2 THE NEWLY-installed Central Provident Fund phone information services received favourable response in its first month of operation. More than 17,000 calls were recorded with the two services, CPF PAGE (Phone Answers on General Enquiries) and CPF PAL (Personal Auto Link) in the month228 words
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Article162 1986-10-11 2 MR JB JEYARETNAM wants to know if the government is backing its words with action by taking steps to cease all trade with South Africa following the statement by the Foreign Affairs Minister in support of sanctions against that country. In questions submitted for written answer at162 words
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Article81 1986-10-11 2 THREE more constituencies Potong Pasir, Nee Soon and Tlong Bahru have opted for the Housing 6 Development Board's scheme of free parking on Sundays and public holidays. With the addition of these three constituencies, which begin their six-month pilot scheme tomorrow, 46 constituencies will now81 words
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156 1986-10-11 2 THE SINGAPORE River will come alive next month with a crocodile, a mermaid, a tortoise, a whale, a dolphin, a dragon, a hippopotamus, and the Merlion. These 'creatures' will be racing up and down the river, along with some prominent local buildings, on Nov156 words
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334 1986-10-11 2 A TOTAL of MM square metres la exhibition space has been booked by the German Aerospace Industry Aseodation and the Society of Japanese Aerospace Companies lor the next Asian Aerospace iwv to be held inim Announcing this yesterday at a preview of die334 words
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Article250 1986-10-11 2 EIGHT MANAGERS yesterday won awards for their efforts to promote quality control circles at their workplaces. The "outstanding QOC manager" award went to: Nathnud» deen Kader (PhQips Stagapore); Patrick Lin (Mltsuboahl Belting); MM J Subramanlam (Port of Stagapore Authority); Tan TV) Hal (Jurong Town Corporation); Tang250 words
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Article864 1986-10-11 2 AT CONVENTIONAL WHARVES VmmI Bsctti Arrhnl Qspsrturs KEPPEL WHARVES Equator 5 Frotano Koeoofy Ned Mop Aros A moo Argosy Auby Equator 3 Equator 4 Ganquan Giobai Uranus Intercast Johneverett Koto Muharo Longso M Medrterrane N WSermkerk AAM MAM IAMA K22 KI2 <20 KI7 K36 K28 K25W K23864 words
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166 1986-10-11 2 DESPITE FIVE YEARS of promotion, quality control circles have yet to flourish In New Zealand. One reason, says New Zenland university lecturer Qyndwr Jonss, for thta leas-than-enthnsiastic approach to productivity Is the lack of a csntral body. Mr Jones, from the166 words
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ASIA-PACIFIC
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627 1986-10-11 3 Plan to strengthen financial position of public sector MBT CONCERTED EFFORTS to stimulate private sector initiative through improving business confidence in Malaysia are on the cards, according to Finance Minister Daim Zainuddin. The government would also strengthen the public sector financial position byMBT - 627 words
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383 1986-10-11 3 MBT AN INDUSTRIALISED Malaysia will have a greater choice of steps to take to stimulate the economy in tough times, and the effort by the government to promote industrialisation through local effort and foreign investment is a step in the right direction. Making this observation atMBT - 383 words
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Article835 1986-10-11 3 ARRIVALS Operator nwdbcr 1 ml tint* From SIA SQ41 0615 MAA MAS MH601 0705 KUL MK MK746 0755 MRU MAS MH681 0820 KUL KAL KE624 0640 KUL CV CV796 0645 LUX/DXB MAS MH811 0910 PEN MAS MH67I 0920 KUL AC AC858 0950 YYZ/YUL/ LHR/BOM CPA CX710 1015835 words
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Article172 1986-10-11 3 Reuter WESTERN Australian Premier Brian Burke said he was "quietly confident" the federal government would not impose a tax on the gold mining industry. Speaking after a meeting Prime Minister Bob Hawke on Thursday night, Mr Burke said he had not been told categorically gold miningReuter - 172 words
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186 1986-10-11 3 AP INDIA registered a record trade deficit of 86.2 billion rupees (US$6.9 billion) in fiscal year 1986, according to official statistics released on Thursday. The government said exports declined to 110 billion rupees from 115.5 billion rupees in the previous year. India's fiscal yearAP - 186 words
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270 1986-10-11 3 AP TAIWAN'S former Defence Minister Admiral Soong Chang-Chih has proposed that Asian-Pacific nations form a regional security system in face of the recent Soviet shift of emphasis from Europe to the region. "Undoubtedly, the Soviet Union will adopt a more aggressive policy toward this area,"AP - 270 words
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Article124 1986-10-11 3 AFP THE Japanese government has reacted calmly to the decision by the European Community to file a complaint with the General Agreement on Tariffs and Trade (Gatt) against the Ja-pan-US semiconductor trade agreement. Officials of the Ministry of International Trade and Industry (Miti) said JapanAFP - 124 words
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314 1986-10-11 3 Bernama MORE THAN M&7 billion worth oI projects are awaiting foreign and local investors in the heavy industries sector in Malaysia over the next five years, the Canada-Malaysia Conference was told yesterday. The coordinator of the Industrial Master Plan, Dr Mohamed YusofBernama - 314 words
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Article161 1986-10-11 3 Bernama THE CABINET committee on the economic recession has agreed on the setting up of a Malaysian fruit export council to step up export of fruit Deputy Prime Minister Outfar Baba said on Thursday that the council would be set up by the agricultureBernama - 161 words
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162 1986-10-11 3 AFP THE PHILIPPINES again registered a negative inflation rate in September compared with the same month last year, said the government economic monitoring agency on Thursday. The September rate of negative 1.12 per cent, also called a deflation rate, was lower than the negativeAFP - 162 words
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360 1986-10-11 3 NYT PRESIDENT Corazon Aquino says her government has completed the groundwork for an economic recovery and that it is now up to the private sector to become more active. Speaking to a conference of business leaders on Thursday, she said her economicNYT - 360 words
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Article, Illustration639 1986-10-11 3 AFP QUEEN ELIZABETH II arrives in Beijing tomorrow, the first British monarch ever to visit China, on a trip which British diplomats say will put a royal seal of approval on plans to return Hongkong to China. The Queen's eight-day visit isAFP - 639 words
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Page 3 Advertisements
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Advertisement51 1986-10-11 3 fW A"T T The business person's choice, J I 3 every Tuesday, Thursday, Saturday pSI Vl/ I I "\A-\I and Sunday. Leaving Changi Airport I yy /L V ILJL JLI- at 22:00 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent. AIR51 words
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Page 3 Miscellaneous
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Miscellaneous66 1986-10-11 3 Doonesbury tJHATtS MY CANPtPAC/ABOUT* IT* ABOUT A DRU6-FRSB AMERICA! TPS ALSO ABOUT A V 5 E S A AS UOTEFSWUNEeP TO KNOW WHICH OF TUB CANPIPATBS IS OBANANPALEZT, AMP WHICH ISA ZONBP-OUT CrmL AVOCAPO! CM r I #§r l i BY GARRY TRUDEAU mm >/. frrt n Y r ft66 words
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REST OF THE WORLD
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Article, Illustration506 1986-10-11 4 AP UK CHANCELLOR of the Exchequer Nigel Lawson has ruled out a state "spending spree," saying the government's target was tax cuts and aero inflation. In a keynote address to the Conservative Party conference in Bournemouth, England, on Thursday, Lawson made no reference toAP - 506 words
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255 1986-10-11 4 Reuter MORE THAN 325 million tourists were on the move throughout the world last year, showering US$lO5 billion on the countries they visited, the World Tourism Organisation (WTO) said on Thursday. It said the number of tourists was up by 4 perReuter - 255 words
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157 1986-10-11 4 AP MOZAMBIQUE stands to lose about US$9O million a year because of South Africa's ban on employing Mozambican miners. Richard Japp, manager of the Maputo office that recruits for South African mines, said nearly 62,000 Mozambicans were working at 51 goldAP - 157 words
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369 1986-10-11 4 AP A BLUE-RIBBON PANEL of American business executives forecast yesterday that the US economy would continue to muddle through the next two years without a —tm but without much pickup in growth either. In its semi-annual economic outlook, the Hihlmsi Council expressed aAP - 369 words
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Article147 1986-10-11 4 AP AMERICA'S decreasing share of world agricultural trade is, in part, a reflection of increased global competition and the lack of competitiveness of some US farmers, according to a congressional research agency. "Unless domestic research and development efforts are continued and strengthened, foreign competitors mayAP - 147 words
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146 1986-10-11 4 Reuter FRANCE'S industrial trade deA" cit with West Germany is expee-' ted to Jump 25 per cent to S£ billion francs this year from 43T billion francs last year, sayi; French Trade Minister Michel Noir. In the first half of this year France'sReuter - 146 words
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346 1986-10-11 4 UPI OIL PRICES will unravel again despite the rebourd that has occurred since Opec agreed to restrict temporarily Its production, says the Economist Intelligence Unit. The EUTs Middle-East quarterly energy review forecast an end to this "Indian summer" and a newUPI - 346 words
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RAW MATERIALS
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Article128 1986-10-11 4 BMQAPORE The market yesterday closed firmer with November One RSS buyers quoted at 19L50 cents per kilo, up three cents from Thursday. The morning session gained 2.25 cents on short-covering interest of nearby positions with firmer overseas advices also aiding sentiment. Prices rose further in quiet afternoon trading on128 words
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Article98 1986-10-11 4 OIL PRODUCTS ALL MARKETS were quiet with Japan on holiday and Opec still deliberating. Crude prices were gently easier with concern that the current output ceiling may be abandoned. Most products firmed slightly in the Far East on relatively tight supplies. Source: Petroleum Argus Closing prices for crude (fob origin)98 words
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Article215 1986-10-11 4 MALAYSIAN crude palm oil prices yesterday closed lower on reserve of buyers, further profit-taking after recent gains, and in sympathy with weaker palm oil futures. Talk that India bought four cargoes of Malaysian/Indonesian RBD palm olein and two cargoes of neutralised palm oil for Nov/Jan shipments failed to215 words
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Article107 1986-10-11 4 THE PRICE sf til si Ike Koala Lumpur Til Market yesterday gained a eeit to Mf14.1l per ktte li qiiet tradiig, si light sippert at lower levels. Biyiig was isted frem Japaiese aid leeal operators, with a steadier Enrcpean spot tin market also siding sentiment. Eirepeai interest cm107 words
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Article66 1986-10-11 4 Bangkok :US$/t0MM. FOB) White Rice 100% 1st class 255 100% 2nd class 220 100% 3rd doss 215 5% 205 10% 200 15% 195 20% 185 25% 175 35% 175 Broken Rice A-l Super 128 A-l Special 125 C-l Special unq C-1 Od unq Loonzain Rice 100% 1st grode unq66 words
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Article360 1986-10-11 4 RAS prices in S conti/Ug, FOf m 1 K)tot NOON CLOSt Int 1 RSS Prompt 190.00 191.00N 191 50 192 50N Int 1 RSS Nov 86 189 75 190 25 191.50 192 00 Int 1 RSS Doc 86 191.00 191.50 192.75 193.25 Int 2 RSS OP 187360 words
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Article107 1986-10-11 4 (c«Mtt/kg, 1-ton poltoti) NOV 86 DEC 86 (currant month) (forword month) NOON NOON RAS B«r* r ScNtci luyfi S#Ntrs SSR 20 172 00 174.00N 173 00 I75 00N SSR 50 169 00 171 00N 170 00 172 00N MRELB Uyn 5<H<n SMR CV 281 00 283 00N107 words
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Article147 1986-10-11 4 Chinm Produce Exchange StHtn' noon ciosmo pricti on Oct 10(S$/100 kg). Coconut oil Bufc FOB Old drum FOB N«w drum FOB 40.00 53.00 57.00 Copra Mixed (kx>s«) 19 buyers Pepper Muntok Whitt FOB NLW Sarawak Whit* FOB foq NLW Sarawak special black FOB NLW Sarawak Asta block FOB147 words
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Article159 1986-10-11 4 WHEAT futures in Chicago on Thursday closed firm, up 6V« US cents a bushel in near December to one cent in July. The offer to Egypt of another one million tonnes of wheat under the USDA's export enhancement program attracted buying interest which included commercials. Egypt's preference for soft159 words
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Article191 1986-10-11 4 SOYBEAN futures in Chicago on Thursday closed two to Vi US cent a bushel lower. Heavy professional selling in the later part of the day pushed futures down after earlier gains based on light country movement and prospects of rain at the weekend. Soybeans had been surprisingly strong for191 words
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Article769 1986-10-11 4 COFFEE Robusta futures on Thursday closed between £40 and £60 lower from Wednesday, mainly on Jobber selling and a lower New York opening. The physical market continued very quiet, with most dealers believing roasters were now well covered at least until December, and plenty of spot coffee available769 words
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BANKING AND FINANCE
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Article725 1986-10-11 5 SINGAPORE: THE US DOLLAR closed higher against most major currencies yesterday except sterling, helped by some position squaring and short-covering ahead of the long weekend holiday in the US. Trading was quiet all day as most operators were reluctant to take large positions in the absence of fresh725 words
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Article181 1986-10-11 5 Interbank rates of 3pm yesterday: Local dollars to om tmH of lorsiyi Md Oder a reee portly US dolor Sterling pound AustraBan dotar NZ dolor Canodkm dolor 2.1750 3.1037 1.3865 1.1114 1.568) 2.1760 3.1073 1.3893 1.1141 1 5694 ***** 7.3469 ***** ***** 3.4206 •22 86 -57.75 -59 56181 words
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Article47 1986-10-11 5 RESULTS OF TENDER held yesterday for 91-day bills to be issued from Oct 13 to 17 Ottered: $120,000,000 Appled far: $391,880,000 Allotted: $130,000,000 Accepted bids: $99.48 approximately 40 per cent, higher bid. in full. Average rale of disco—t m alletaMat: 2.035 per cent per annum.47 words
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Article106 1986-10-11 5 THE OVERNIGHT rate on the Singapore interbank market yesterday closed at 3V4, up Vi point from Thursday. But the one-, two-, and three-month rate fell 1/16 point each. S$ Interbank rates at 7pm yesterday: Offer Bid Ov«rr»ght 3 1/4 3 1/8 1-month 3 2 7/8 2-month 3 2106 words
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Article196 1986-10-11 5 HONGKONG: Gold closed lower yesterday on moderate selling by overseas interest. Bullion settled at U*****.75/428.50 an ounce against an initial $429.75/430.50 and New York's close of 1429.50/430.25. On the local market, gold finished HK$77 lower at $3,969 a tael. The Krugerrand price lost $65 to $3,295, equivalent to196 words
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125 1986-10-11 5 Reuter BANK OF JAPAN governor Satoshi Sumita says Japan's current state of credit is fully relaxed. In a television interview yesterday, he said that following three cuts in the official discount rate this year, credit "is quantitatively and qualitatively in a fully relaxedReuter - 125 words
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Article, Illustration334 1986-10-11 5 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Most operators were sidelined as the market lacked fresh factors and the closure of the Tokyo market yesterday for a local holiday. Monday's Columbus Day holiday in the US also dampened activity. Short-dates finned334 words
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Article660 1986-10-11 5 BA Futures FOLLOWING the sharp decline in precious metals on Thursday night, US Ttoa4m yesterday opened sharply higher at the day's high at 96.23. However, trading activity fizzled out in a sideways market due to the closure of Tokyo with prices slipping off to 96.18 initially. Prices backed upBA Futures - 660 words
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406 1986-10-11 5 AMY BALAN - By AMY BALAN SINGAPORE BANKS looking for credit worthy customers may well want to look east to China. The country is short of money and needs foreign funds urgently to help it continue its modernisation drive. China's intention to increase its borrowings in406 words
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155 1986-10-11 5 Reuter THE BATTLE for a larger slice of the retail banking market in Hongkong is hotting up with Chase Manhattan Corp and Standard Chartered Bank PLC taking the lead in the scramble for high net-worth clients. Bankers say their focus isReuter - 155 words
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483 1986-10-11 5 Reuter NEW US BANKING figures show fairly conclusively that the drop in the federal funds rate earlier this week was due to technical factors and was not engineered by the Federal Reserve, said economists in New York. Spirits in the money marketsReuter - 483 words
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Page 5 Advertisements
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Advertisement430 1986-10-11 5 V Your Invitation To The Year's Most Significant Business Conference Commemorating A Ma[or Milestone In ASEAN Economic iior Miiesione Cooperation -4 lOV\ THI M \MN< iOl \N A3EAFI common mARKET Venue: Putra World Trade Centre, Kuala Lumpur, Malaysia Date: JO-31st October, 1986 w tec IV *Tt m YAYAS AN USANAWAN430 words
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TIME-OFF
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Article, Illustration686 1986-10-11 6 MAX COMMANDER - Letter from England If MAX COMMANDER had his way, joggers would be banned from running in parks and disturbing the peace and ecological balance. After they've pounded their way through, the birds are gone and the fish ain't biting, he reports grimly in his Letter from686 words
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Article530 1986-10-11 6 WE ALL KNOW what it is to be happy. But do we know where happiness is situated? Is it to be found in the heart, the soul or the frontal lobes of the brain? Why do babies smile, besides gas? If a man is injected with a530 words
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Article891 1986-10-11 6 What's on from Oct 11-17 VPWPM Bhhhl SMQAPORE HERITAGE WEEK: What We Cofcct Notional Museum Rotunda, tin 110pm. An exhfcition featuring manuscripts, archival records, rare books, belts, brass pots, sewing machine, domestic crafts and more. Admission fee: $1 for adult* and 50 cents for children. Lost day today. TradWonal891 words
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Article256 1986-10-11 6 THE NEWS from China thu week was that military leader Marshal Liu Bocheng died at the age of 91 The background information was that he was born in UN in Stehuan province. This works out to only 92 years. Western news agencies carrying the report obviously256 words
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Article, Illustration202 1986-10-11 6 AN EXHIBITION South-east Asian textiles aad garments will be held at the Nattenal Museum Art Gallery, starting tomorrow. Textiles, which are Important expressiens ef traditional Southeast Asian enltnres, have heen prodneed and traded In Senth-east Asia far centuries. The exhibition will give a202 words
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Article, Illustration463 1986-10-11 6 Mike Thumba - •r Mike Thumba Problem: How would you make the six diamond contract as South declarer? Send your answers to Mike Thumba, c/o Business Times, 390 Kim Seng Road, Singapore 0923. Please state your name, address, telephone number and IC number. The cut-off date for entries is Oct 21. Mike's463 words
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Page 6 Miscellaneous
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Miscellaneous32 1986-10-11 6 Rri Stew: Ymnk Dickers SOL If OF FON6O7S UD HOtS FoR Tv4C PROLS> CRM <U>e ugiJWnuP ac —BUT PV\V 1 fb»Nf OOT Tweaks KIO smou> rMece per tmis lime OF kmm a32 words
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SPORTS
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Article581 1986-10-11 7 PRO-AM OCT 13, 1986 Tee-off times AM —1st Tw. 745 David Ng Thom Koi Woe Y Hassan Ramafangam 752 Lm Kion Km CT Arosu Ajrt Smgh Robert Khoo 7 59 Toy Liari Huot Gordon Ton Wong Loke Pmg C Siva 8 06 Ljm Kkm Tiong BH Khoo581 words
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Article, Illustration454 1986-10-11 7 WALTON MORAIS - By WALTON MORAIS AS FORTUNES fluctuated, Filipino Mario Siodina grabbed pole position while Singapore's M Marimuthu made a championship charge on the third day of the $50,000 Singapore PGA golf championship at the Sime course yesterday. Siodina's and Marimuthu s four-under-par 68s counted as454 words
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214 1986-10-11 7 Reuter DEFENDING CHAMPION Severiano Ballesteros, fellow Spaniard Juan Anglada and Briton Tony Charaley shared the lead with flve-under-par 67a in the first round of the Barcelona Open on Thursday. They finished two strokes clear of a large group of players which included SpaniardReuter - 214 words
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Article, Illustration264 1986-10-11 7 Reuter BRITAIN'S White Crusader did not let a dispute over Its name affect performance yesterday when the yacht easily outsailed FKnch Kiss on the sixth day at racing In the America's Cup challenge series In Fremantle. Irish-born skipper Harold Cudmore made it (our winsReuter - 264 words
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157 1986-10-11 7 AP UNSEEDED Susan Leo of Australia upset second-seeded Mercedes Paz of Argentina 7-6 (14-12), 7-6 (7-5) on Thursday in the second-round match of the US$5O,OOO Taipei International Women's Tennis Championship. In other second-round matches, Gigi Fernandez of the US beat Louise Field of AustraliaAP - 157 words
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Page 7 Advertisements
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Advertisement410 1986-10-11 7 NOTICES IN THE MATTES OP TEE COMPANIES ACT, CAP. 1H AND IN THE MATTES OP (PRIVATE) LOOTED (laetrytnM la Stagapare) At an extraordinary general meeting of RELIANCE AERO MARINE (PRIVATE) LIMITED duly convened and held at 116 Middle Road, #06-01ICB Enterprise House, Singapore 0718 on Monday, 6 October 1906 the410 words
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Advertisement432 1986-10-11 7 THE COMPANIBACT, CAP. m BAOUNG JEVBiJXT PR. At an Extraordinary Oeneral Meeting of the members of the above named company duly convened and held at 163 Tras Street, #09-43, Singapore 0307 on the 10th day of October, IM6 the special resolution set out below was duly passert:"Resolved that the company432 words
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Advertisement389 1986-10-11 7 K COUP AMDS ACT, CAP. BEBOUBCE (PR) LID VOLUNTABT J' I W At an Extraordinary General Meeting of the Company held at 90 Jalan Sultan; #21-04, Singapore 0710 on., Monday 0-10-86 at 12.00pm 1 the following Special R*o-|' lutlon was passed: IT WAB RESOLVED that the Company be wound up»389 words
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Page 7 Miscellaneous
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Miscellaneous1169 1986-10-11 7 to ma mm CINE SHOWCASE It Happened On* Night 9pm, Channel 12 A runaway heiress, Ellie Andrews, meets Peter Warne, a newspaper man, on a bus to New York. Peter shields her from her father's searching agents in order to get a scoop, but romance soon steps in. This 1934,1,169 words
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Miscellaneous762 1986-10-11 7 J CRYPTIC PUZZLE ACROSS 8 Notes the time (7) 9 Be brief when answering what "miniscule" means (3, 6) 13 That's great: colour it in (5) 14 Soy nothing when the deputy comes round (5) 15 Bear up and have a meal with wine (7) 16 There's wind and more762 words
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INTERNATIONAL STOCKS
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Article371 1986-10-11 8 UPI US GAMBLING GIANT Harrah is seeking a new partner to form a consortium to make a fresh bid for the A|4oo million casino contract in Sydney. Applications close in midDecember. Malaysian-based Genting Bhd which lost out in the last bidding round has indicated thatUPI - 371 words
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168 1986-10-11 8 Reuter RETT J. GROUP International Ltd and its parent Bell Group Ltd of Australia had increased their stake in Standard Chartered PLC to 15.57 million ordinary rikares, or just over 10 per cant, a Bell statement said. The statement contained noReuter - 168 words
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303 1986-10-11 8 Reuter PRICES closed mixed in moderate trading on the New York Stock Exchange on Thursday. The Dow Jones Industrial Average (ell 7.03 points to 1,796.82. The New York Stock Exchange Composite Index dropped 0.39 to 135.90. The price of an average share decreasedReuter - 303 words
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Article173 1986-10-11 8 OCT 0* ct AM*n 25*4 1 Alcan Alum 42 H Algomo Stl I4W Bonk Novo Scotio 16* Bank Of Montreal 34* -1 M Cowda 36* 33 Brotcan O A 28* unch Compbl Lak* 29H -1 Canadian Imp Bank 19* -H Conpoc 16* 13* Cn Bmrt O A 24 CofTWKO173 words
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Article205 1986-10-11 8 OCT 09 1md MOUSTtMLS A AJpho 1100 275 15 Aad 1425 4S0 -25 -5 AMI? fnP 5200 C G Smith 3050 50 CNA 280 -5 Cum* Franc* 485 •5 F«j Vofc 190 unch Fug* 675 unch 595 Ub Hofcfc 3000 25 1400 LTA M And R 700 -20 Mafcok205 words
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Article587 1986-10-11 8 OCT 0* US$ Akan AJurrwi Alcoa 30* 36 h ABag kid IS* A«ad Sig ACad S(of« Al»-Chaknin 40* 66* 3 Am Biundi Inc 43* Am Can Co Am Cyanamid 85* 75 Am Dk Pwr Am Expma Am Homa Prod Am Motor* Cp Amox he 27* 57* 76* 2*587 words
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Article874 1986-10-11 8 Amsterdam OCT 09 Hi AflN 543.00 -4 5 9170 -1.3 Ahold 9950 -1.1 146 00 -2.1 Afranta 152 00 -0 3 AMCV 72 50 -0 3 94 40 unch Am Stod 126 50 -I FWk«t 40.20 -II Boh 166 00 inch Bontani Buahrmon Tattai 128 50 -0 5874 words
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Page 8 Advertisements
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Advertisement166 1986-10-11 8 Witere id mim. di<i« aiui entertain A great moment in history When some of the world's greatest composers. Chopin, Mozart, Beethoven, Tchaikovsky and Strauss, come together for the first time in a concert. with a difference From September 15 to October 15. the Baron's Table proudly presents: conducted by Executive166 words
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Advertisement125 1986-10-11 8 It's the NEU FACES... Fresh from their European tour. rhe Nf II I AC I S Veteran and versatile musicians Rock n Roll rop 1" New Wave excellently performed tor gMnd entertainment Nightlv except Sundays \t the Alcove l ounge where the I>eer is cheapest jmong hotel lounges MAGICALLY HYATT125 words
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Advertisement179 1986-10-11 8 TEOCHFW PORKTDGF BUTTTT S5 SC T" A *A 'A $5! *«v"hnmrtv P enon i You can «yy savoury r homefy dohes such as braced pork 9 steamed stuffed bean cud 9 sambaf bnrja( y fned salted fish saixeed chicken with mushroom sauteed cha poh omelette fned black pomfret in soya179 words
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Advertisement91 1986-10-11 8 com* to the Tiffany Coffee House whore the best of Indonesian cuisine awaits you at our Indonesian Food Festival. Try our sop Buntut. Nasi Uduk. Guiai AyanvPanoa ttcan, Tapal and a whole lot more. Fashion Shows and lucky Draws every Friday at &ispm. Indonesian handcrafts and betlk on sale daNy91 words
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Advertisement127 1986-10-11 8 on Rao* 11 That's how we count at Th€ Lounge during our Happy Hours from 5 pm to 7 pm daily. When a guest has had two similar drinks, the third is free. And every night at 8 pm except Sundays. VTB Wizard comes on with its dynamic brand of127 words
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ASIAN STOCKS
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Article412 1986-10-11 9 HONGKONG: Share prices yesterday recovered after (airly heavy profit-taking sales in the morning. The rebound was caused by rumours that Jardine Matheson requested a suspension of trading in its shares and might be a takeover target. Although the rumours were subsequently denied by a Jardine spokesman, the Hang Seng412 words
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Article192 1986-10-11 9 Reuter BANGKOK: The Stock Exchange of Thailand Index rose 3.25 to 168.46 on a total turnover of 1,418,236 shares valued at 280.95 million baht. Renter Tokyo and Taipei markets wira eloMd for Physical WW! W Iwl llj WWW Culture Day and National Day respectively. OCT 10 Ukt Ao KhomReuter - 192 words
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Article427 1986-10-11 9 SYDNEY: Australian share markets yesterday retreated from record levels and closed lower across the boards in heavy trading, dragged down by a sharply weaker gold sector. Brokers said the fall was tied to easing world bullion prices and investors' unwillingness to commit funds ahead of Wall Street trading. At427 words
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Article90 1986-10-11 9 OCT 10 Pom Ac Of* Mvwig Anglo PM Ap«x Mrtng B 0 0032 0026 Toooob 0 002 Alfa* Con. B Boguio Gold Bone Pctruktfi i 20.50 ***** 0 01 unch 0.0015 unch Banguat Con. B Firtt Phi HMgi Leponto B 123 7 00 0.14 -2 0 5 -0005 Morcoppar90 words
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Article125 1986-10-11 9 OCT 10 Wn Chorf Sugar 1890 -5 Doatm tod 579 unch Daewoo Corp 1045 Do«woo Haovy 1340 -20 Daahn Secuntwt 2710 -70 Dong Ah Phor 823 -7 Dong St* Stock 1450 -60 Donflbu StMt 1645 -15 Gold Star 1700 -23 Hani Bank 891 -9 Haral Camanr 1150 i*»ch Hankuk125 words
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171 1986-10-11 9 AFP THE LARGEST integrated plywood producer in West Kalimantan, PT Harapan Kita Utama, has been seized for failure to repay its enormous debts. The daily, Suara Karya, reported on Thursday that the seizure, made on the order of the provincial court, took place on TuesdayAFP - 171 words
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99 1986-10-11 9 Reuter WORLD International (Holdings) Ltd has arranged a placement of 85 million shares of Wharf (Holdings) Ltd at HKJB.3O each. World International said that the placement is underwritten by WartDey Ltd and is being handled by James Capel (Far East) Ltd and HoareReuter - 99 words
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81 1986-10-11 9 Reuter ASIA TERMINALS Ltd. a US-Hongkong joint venture controlling one of the British colony's main container terminals, will set up a packaging unit with American Polymers Industries Inc. The Asian Packaging Industries will start operation by January 1987. Asia Terminals is aReuter - 81 words
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525 1986-10-11 9 FT THERE can be few countries in Asia where making cars is not making money. However, Indonesia is one. According to a recent report, only three of the 21 local assembly plants are managing a real return on investment. "It's a procesi ofFT - 525 words
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78 1986-10-11 9 Reuter PRUDENTIAL Insurance Co of America has formed a Hongkong subsidiary, Prudential Asia Investments Ltd, which will be Jointly owned by two subsidiaries, Prudential Asset Management Co Inc and Prudential Securities Group Inc, the holding company of PrudentialBache Securities Inc. Prudential Asia will be involvedReuter - 78 words
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288 1986-10-11 9 Reuter FIRST PACIFIC Holdings Ltd has revised a plan to acquire the entire capital of Hong Nin Bank Ltd, following an agreement with the bank and its controller China Hong Nin Life Insurance Co Ltd. According to a jointReuter - 288 words
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Page 9 Advertisements
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Advertisement100 1986-10-11 9 Wr d'dl H m Wfoestt %d wlae, dlii« aai entertain /f=^ Start of A New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood, Cado Cado. Sate (Satay), spicy Rendangs, Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half the experience.100 words
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Advertisement129 1986-10-11 9 Hooray for Sunday! Sunday Brunch at the Hubertus Grill. Make it an occasion for the whole family. Sausages, bacon, oysters, smoked salmon, tasty entrees right through to pastries, puddings, fruit salad and cheeseboard Sunday Brunch: 11 am 2.30 pm. 524 for adults. $12 for children. Prices are subject to 10%129 words
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Advertisement211 1986-10-11 9 Discover a whole new experience [*<& TAKEFVE 20! r#r? i j f if i 11 i a" >■ A" Relax over the finest drinks Savour the most tender juicy succulent steaks Enjoy stunning performances by top local international artistes Business Hours Mon Thur 12pm to lam Fri, Sat Eve of211 words
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Advertisement86 1986-10-11 9 nuijpe&j THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy o gourmet buftet luncheon at an ungourmet priced For starters, take your pick of our ootd dishes prawns on ice. fresh oysters, smoked saimon. meton and dried ham. vegetable terrine. mixed seafood satod. cooked assortea vegetables and homemode dressings Setect your86 words
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Advertisement134 1986-10-11 9 2 TOP BANDS nightly t Sh<wewdlro" X S TM HOT DISCO COUNTRY SENTIMENTAL POP ROCK and you name it!l Singapore's very own Slim Whitman with country favountes and Happy Hours: 12 noon 7pm Buy one get one premium brands) CAJRNHIU. HOTEL 19 Ceimhill Circle. S pore 0922. Tel: *****22 Fri,134 words
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SHARE INFORMATION
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Article, Illustration621 1986-10-11 10 STRONG institutional demand (or local heavyweight blue chips yesterday swelled total turnover to its highest level in the history of the Singapore stock market. The wave of buying pushed local share prices up, but at a much slower rate than the previous two621 words
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Article3581 1986-10-11 10 1906 I High Low Company Loot Mo orQr*o Dhf fir's Not Dtv Yld P/l Vol C*w C«00> Day «gh jam SECTION ONE INDUSTRIAL COMMERCIAL 169 82* 133 251 228 137 128 110 260 190 402 260 490 422 330 176 400 530 83 83 478 280 196 925 834 4203,581 words
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Article250 1986-10-11 10 SINGAPORE Rises Indies® Oct 9 Oct 10 Metre HUf> 590 55 TCi >nH 759 02 74*54 C 1 life 1790 30 RTMctto 21B**********428 UOB 494 24 ITOt/OS lit -fit* Paafc Hm 140 +22 ITCAM -4565 -6547 DBS 970 +20 ITOCV +-472*4 +***** SI A 950 +20 STMuH.i.h250 words
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Article4354 1986-10-11 10 BID and offer price* officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of Aares traded shown in brackets in lots of 1,000 units otherwise specified. All Time Settlement Contracts are quoted after the word "SETT'. Big4,354 words
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COMPANY NEWS
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402 1986-10-11 11 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN LONG SUSPENDED Sealion Hotels has asked the Stock Exchance of Singapore to lift the suspension of trading in its shares for a period of three mnntha Hie request has been made to give those shareholders who wish to realise their investment in402 words
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Article394 1986-10-11 11 TAKING ADVANTAGE of stock prices, United Industrial Corporation has disposed of its remaining 14.65 mininw shares in properly company United Overseas Land for about $22 million. A preliminary calculation based on the average selling price and holding cost shows that UIC stands to reap394 words
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Article107 1986-10-11 11 MALAYAN BANKING Bhd has reported a 58.6 per cent drop in group profit after tax and minorities to MH6.27 million (from Mf111.63 million previously) (or the year ended June 30, 1906. The bank itself saw a 61 per cent drop in net profit to M 537.25107 words
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Article2484 1986-10-11 11 MDUS1MLS Aqm xd 004S) AL. hu AlcaaiieOB 62S) (1) 60 AJSB (626 62.55) (1) 65 (8) 64 (9) 63(9)62 API (67.56 68S)(11)71 (1)70(2) 69(1)68.5 01)68(5)67(6)66 (3)67.5 ASM (1426 143S) (19) 146 (26) 145 (10) 144 (13) 143 (1) 141 (44) 142 AM* (2675) (*****2 (12)2,484 words
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Article, Illustration674 1986-10-11 11 ELAINE KOH - Subsidiaries to appeal against judgment By ELAINE KOH TWO PROMET subsidiaries are to appeal against a High Court yesterday appointing receivers and managers to the two companies. Justice Punch Coomaraswamy, in a brief oral Judgment, iHimlssfrt all but one of the applications put674 words
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531 1986-10-11 11 PROFIT-TAKING caused the Kuala Lumpur stock market to close mixed yesterday but buying support was evident at lower levels. Most counters mauled small losses as buyers moved in during the last hour of trading and helped stocks to regain some lost ground. Blue chips531 words
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Article774 1986-10-11 11 LONDON share prices opened mostly easier yesterday on profit-taking at the end of the account but banks moved higher as trading in the new 50p part-paid TSB shares got underway at 96p each. At 11.00 am, the FT 30 Index was down 3.6 points to 1,264JS while the774 words
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Article116 1986-10-11 11 HONGKONG AM Indutfri k>b 2053.2 o a 1--L rnooy Hongkong 1 Frtdoy NMOX 1434.63 Thursday Waak ogo 2058.9 2010.5 Thursday 1432.77 Waak ago 1346.56 NEW YORK Hong 5 too ZZ5?52* Dow Jom M rnooy Thursday 1796.82 Thursday 2271.15 ■LA/ ,L, W^OnfMOy 1803.85 WMk ogo 2134.80 Waak ogo 1781.21116 words
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Article224 1986-10-11 11 nrnv M TP T-7 for Oct 11 4 13 FM rputro Second rputro Third rputro Fourth rputro FMt rputro Sixth rpuM Seoeidh rputro (A) Se»eiit>i fputrc at EafMh rputro NMh rputro Tenth rpu*o DeneiiHi rputro Warrior bweet Find to—I F** Income 6ood 4.95 5.00 4.32 4.57 3.47 3.52224 words
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Page 11 Advertisements
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Advertisement224 1986-10-11 11 NOTICES NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of SUPERSHP FERRIES PTE LTD duly convened and held M 36 Robinson road. Kft-01 City House, Singapore 0106 on 2 October 1986 the Mowing resolutions were duly passed as:RESOUmON voluntarily ORDINARY RESOLUTION That Mr PMtfc A. K. Ue of 36224 words
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576 1986-10-11 12 FOO CHOY PENG - Select Committee hearing on Legal Profession (Amendment) Bill By FOO CHOY PENG, ChM Reporter PRIME MINISTER Lee Kuan Tew yesterday suggested that the Law Society work with the Attorney-General's Chambers to the amendments to the Legal Profusion Act. While the government was576 words
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370 1986-10-11 12 SINGAPORE needs lawyers who could be trusted to handle information which was highly sensitive and very lucrative, said Mr Lee Kuan Tew yesterday. The future for lawyers, he therefore suggested, did not lie in running around courts but in trade,370 words
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1007 1986-10-11 12 CPF TRUSTEE STOCKS led by Singapore Airlines and DBS Bank were keenly sought after as the Singapore stock market went into a frenzied buying mood this week. Never before has the market seen so many trustee stocks hitting all-time highs in a1,007 words
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161 1986-10-11 12 Reuter INDONESIAN ministers have denied buslnrsi rumours and speculation about possible follow-up measures to last month's devaluation of the rupiah. National Development Planning Minister Johannes Sumarlin appeared on television on Thursday to deny suggestions that the government planned to freeze time deposits snd IntroduceReuter - 161 words
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Article24 1986-10-11 12 PETER LUM CHONG KING replaced Miss Lim Soh Ha ss the Registrar of Trade Unions from Oct 2, it wss gazetted yesterday.24 words
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Article89 1986-10-11 12 Bernama THE JOHOR State Economic Development Corporation will include a new clause in its housing sales and purchase agreement which will provide for buyers of houses in future to be refunded the difference, following any price reduction of its non-low-cost houses or flats in theBernama - 89 words
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201 1986-10-11 12 NST MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday criticised certain groups for attempting to condemn the government as undemocratic by abusing the very freedom they enjoyed under the country's system of democracy. He said these groups would not wasteNST - 201 words
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Article250 1986-10-11 12 Beraama MALAYSIAN Indian Congress President Datuk SSamy Vellu said yesterday that the party's discontentment with the New Economic Policy was over the private sector's failure to give Malaysian Indians their due share of employment at all levels of management. He said that the private sector,Beraama - 250 words
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395 1986-10-11 12 HOMER CHEN - f HOMER CHEN AT LEAST (our stockbrokers were nominated yesterday (or election as members of the expanded Stock Exchange of Singapore rVwwmttt— The (our are Tang Wee Lake (ran Kay Hian, Um Hua Mln (ran PhOttp Securities, Ronald Ooi from Kim Eng Securities395 words
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Article119 1986-10-11 12 Bernama DATUK Bandar Datuk Dr Elyas Omar, the Mayor of Kuala Lumpur, yesterday confirmed that the Singapore-based Chase Group, which had offered to finance the light rail transit (LRT) system, had also made a bid to undertake the aerobus project tosiklf to leporters afterBernama - 119 words
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Article89 1986-10-11 12 Reuter COMEX GOLD FUTURES rose US92JO early yesterday on support stemming from a lower dollar. Gold for delivery in Hfxwuhff was ahead UBQSO at USMSJO an ounce. Analysts said support increased on sentiment that Thursday's setback of USHO.OO might have been exaggerated. Silver futures edged upReuter - 89 words
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Article68 1986-10-11 12 Reuter WALL STREET stocks were mixed in moderate trading yesterday after an initial decline, agm of a mapback in IBM provided some encouragement to those who regard that stock as a market bellwether. The Dow Jones Industrial Average was up a fraction to 1797 after being downReuter - 68 words
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139 1986-10-11 12 Reuter PRESIDENT RONALD REAGAN held last-minute consultations with top aides in Reykjavik yesterday and was pronounced ready and confident for his weekend meeting with Soviet leader Mikhail Gorbachev. Administration officials suggested that the president was prepared to press a determined line with Mr GorbachevReuter - 139 words
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LATE FILE
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40 1986-10-11 12 Reuter THE LAND BANK of Taiwan, the Farmer*' Bank of China and the Cooperative Bank of Taiwan win km deposit Inter eel rates by U5 percentage point enecuve on Monday, sources aid yesterday. RenterReuter - 40 words
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46 1986-10-11 12 UPI ASEAN will leave the reootution of Cambodian rule primarily to Prince Norodom Sihanouk, Indonesian Foreign Morhfr Kusumaatmadja said yesterday. He said SBisnonk, a former Cambodian ruler, had dearly stated that the Cambodian question could only be solved by CambodUns. UPIUPI - 46 words
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Article52 1986-10-11 12 Reuter SOUTH KOREAN President Chun Doo Hwan's party yesterday rejected an opposition proposal for a lefeienrtmn as a plot to destroy the country's constitution. Democratic Justice Party chairman Roh TaeWoo tokl Parliament: "We cannot accept the refer enduui proposal became it oqb* travenea the provisions of theReuter - 52 words
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Article34 1986-10-11 12 UPI NORTH KOREA yesterday again denied responsibility for the 1983 In Burma that killed 17 visiting South Korean officials. It said Seoul Itself had "staged" the to incite anti-communist fervour.UPI - 34 words
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Article33 1986-10-11 12 AFP THE DATE for Hongkong's return to China, 1197, could not be the same for Marsn, said Pinto Machado, the Governor of Marsn, in a ramo TTrnftftvwF yesieraay.AFP - 33 words
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Article29 1986-10-11 12 Reuter SRI LANKAN President Junius Jayewardene has said Tamil guerillas must end their violence before a plan to end his country's bloody ethnic crisis is implemented.Reuter - 29 words
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Article37 1986-10-11 12 AFP ISRAELI Prime Minister Peres submitted his resignation to President Chaim Henog yesterday, under the rotation agreement which will put Foreign Minister Yitzhak Shamir in charge of the nstkwsl unity government next week.AFP - 37 words
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