The Business Times, 1 November 1986

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, NOVEMBER 1, IM6 75 CENTS
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  • 142 1 EXCHANGE RATES THE SI weakened to 12.1900/10 ($2.1835/45 previously) against the US$ in the fores market yesterday. It also eased to $3.0791/0627 vis-a-vis compared with $3.0732/68 previously. The local unit also lost ground slightly against M$, but gained against yen and DM. US$: 161.70/80 yen, 2.0575/85 DM,
    142 words
  • 55 1 Reuter CHINA plans to overhaul its backward and inefficient car industry to make saleable models and boost falling output. The Chin* Daily yesterday red Chen Zutao, president of China National Automotive Industry Corporation, as having said that 24 of China's 39 car plants would be
    Reuter  -  55 words
  • 224 1 A SUDDEN BURST of activity in the afternoon session sent share prices roaring upwards on the Singapore stock exchange yesterday. While institutions were buying selectively, individual investors were busy loading up on trustee stocks on the eve of the revised ruling which allows Central Provident
    224 words
  • 126 1 AFP THE MARITIME exclusion zone decreed around the Falkland Islands by Britain has produced a "serious and worrying" situation which could at any moment result in 'incidents", Argentina's Foreign Minister Dante Caputo has warned. That was because, in addition to a fisheries protection
    AFP  -  126 words
  • 642 1  -  Productivity drive in high gear By CHUANG PECK MING THE RECOGNITION of foreign competition Is keeping Singapore's productivity drive in high gear, according to Prime Minister Lee Kuan Tew at the opening of this year's Productivity Month. He based his optimism
    642 words
  • 295 1 THE MALAYSIAN government yesterday ronflHurrt that it has sold off a 15 per cent stake, amounting to 53.5 million shares, in Malaysian Airline System at MftSO each. A block of million shares, or 5.7 per cent of the company, was acquired by
    295 words
  • 430 1  -  By ELAINE KOH THE TROUBLED Emporium group has applied for a courtordered creditors' meeting under Section 210 of the Companies Act, winning extra time against three winding-up petitions. Initial feedback showed that one-fifth of the 1,200 creditors support Emporium's scheme of repayment, prepared
    430 words
  • 331 1 AFP TOE BANK of Japan yesterday decided to reduce the dimwit rale on central bank loans to commercial banks from U per cent to a record low of 10 per cent, effective today, to try to sHmnlale the sluggish
    AFP  -  331 words
  • Page 1 Advertisements
    • 136 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM A WHOLE WORLD OF OPPORTUNITIES At Banque Indosuez, we've been serving Singapore as far back as 1905. Our office is pari of a vast Asian and Australasian network spread over 18 countries including among others, New Zealand, Australia, Papua New Guinea, Japan, Korea, China,
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    • 391 1 Business Times wish all Hindu readers Happy Deepavali BECAUSE OF early pmt time yesterday, today's BT doee not carry the full rango of financial information services. Omieaione include the doeing pricoe of Aeian stock markets and thoee of the local and Kuala Lumpur exchangee. The there information page today ia
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    • 24 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC sr-.* 3K* -V t 'J v iWt *9* f ".A > *1 '1 V'.» V V \v\ *2 S^N <y
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  • HOME NEWS
    • 349 2  - Goh trust must be taken seriously By LOH HUI YIN SINGAPORE'» boric strength the mutual trust built up between the people and the government over the years must not be taken (or granted. First Deputy Prime Minister Goh Chok Tong, emphasising the importance of mutual trust, yesterday said: "If we
      349 words
    • 189 2 THE HOUSING and Development Board recently awarded three major contracts totalling $41.6 million to build 1,248 flats. Although not many contractors vied for the )obs, bidding was extremely close and one contractor, Hor Kew Pte Ltd, lost out narrowly in two cases. Sim Lian
      189 words
    • 494 2 Seminars and courses duration title venue organiser Nov 10-11 Managing the Data kwtttute of fcsltnjte of Resource Systems Science, bystems science, Nov 10-17 QCC Monitoring Productivity Productivity Board Board Nov 10-21 Corporate Planning in KlJSLtv the Retal Sector Productivity Productivity Board Board Nov 11 Johore Investment Hyatt Hotel Promotion
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    • 174 2 THE GOVERNMENT'S recent tender offer of 22 lots of land for agrotechnology was oversubscribed by more than 15 times. In all, 342 bids were received for the 22 lots at the Sungei Tengah and Mural Agrotechnology Parks, said the Minister for National Development, Mr
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    • 410 2  -  By JEFFREY TSANG RESEARCH Development is likely to set a boost in the next flnsnrial year when the government is expected to renew and increase the $50 million five-year-old Research A Development Assistance Scheme (RDAS). The Science Council of Singapore (SCS), which
      410 words
    • 222 2 AN INCREASE in the number of union members was reported by the National Trades Union Congress yesterday in a report of its one-year membership drive. Since the campaign by its union leaders to woo more members from last October, membership had gone up by nearly
      222 words
    • 375 2  -  By LEE HAN SHIH, Property Correspondent GOOD times or bad, there are always some developers willing to start new projects in Singapore. In the third quarter of this year, developers began work on 294 houses and flats, and a small number of offices, shops
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    • 144 2 SOME 65 hectares of vacant land in Ponggoi and Jalan Kayu are being offered through open tender for temporary farming. The Primary Production Department has earmarked these areas for the cultivation of vegetables and foodcrop, orchid and ornamental plants, aquatic plants and mushroom. Success- ful
      144 words
  • 994 2 AT CONVENTIONAL WHARVE8 Sinar Indah iiAMyA li|yAM|Bt JI2 01.11/1200 01.11/1600 KEPPEL WHARVES Costanzo M F«oatoo Lai Gang Pol# Star Pro* Cleveland Siti Norjos Banglumpoo Barber Toba BuMer 3 Kim Soon Li Lampung Ned Nagasaki Strait* venture Tomoh Sotu RAMI P ANJANQ Cattteya Hoegh Ctpper Mopewa Chipbee Mfchal
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  • ASIA-PACIFIC
    • 442 3 MBT MORE WORKERS in the manufacturing sector may have to be retrenched next year if remedial steps are not taken to cut costs and increase productivity, the Federation of Malaysian Manufacturers (FMM) warned on Thursday. FMM vice-chairman Shiew Wan Shing, who is also the
      MBT  -  442 words
    • 155 3 AFP NEW ZEALAND'S budget deficit, wrhuting the major energy project and producer board's refinancing debt, widened 22.2 per cent to NZ$253 billion in the six months to Sep 30 from NZ$2.O7 billion in die same 1985 period, government figures show. Tnrhnfing NZ5743.4 million of debt refinancing
      AFP  -  155 words
    • 860 3 ARRIVALS OpwUr Local Hm Fran OA UA SA CAL SA SV MAS CV KAL MAS MAS AC CPA RBA QA SIA SIA THAI SIA AR MUGH MAS QA SIA SIA QA SIA SV SIA SIA QA SIA SIA SA QA THAI KLM SIA THAI CPA MAS MAS
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    • 178 3 AP CHINESE youth say they like senior leader Deng Xiaoping more than any other politician in the world, but show little respect for the entrepreneurs that Mr Deng has promoted ss part of his economic reforms. An opinion poll of 8,000 young people,
      AP  -  178 words
    • 176 3 AP THINGS that make people laugh have not changed much in 2,000 yean, says French mime master Marcel llarceau. "I'm sure Roman* laughed when someone ■lipped on a banana peel," Marceau said in Tokyo on Thursday. "Even at the end of the
      AP  -  176 words
    • 277 3 UPI MOVIE THEATRES closed across India on Thursday in support of a three-week-old strike by the world's largest film industry, depriving an estimated 13 million people of entertainment. The one-day protest by cinema owners was reported successful in New Delhi and at least
      UPI  -  277 words
    • 202 3 UPI CHINA'S second-ranking diplomat In the US says his country's undeveloped status has resulted in a US$l6 billion trade deficit with the US during the past 15 years. Tang Shubei, Chinese Minister of Embassy, said China must sell more of its
      UPI  -  202 words
    • 356 3 THE MALAYSIAN property market is «peeled to remain sluggish for the next year or so as the market is saturated with unsold residential units, a forum on housing was told on Thursday. An executive-committee member of the Housing Developers Association (HDA), Mr Tan Teng
      356 words
    • 226 3 AFP TWO DATS of formal sub Cabinet level talks between Japan mud the US to monitor progress In bilateral trade issues opened in Washington on Thursday. They are Jointly chaired by Japan's Reishi Teshima, a deputy minister for Foreign Affairs, and Allan WalUs,
      AFP  -  226 words
    • 163 3 AFP JAPAN'S Minister of International TTade and Industry HaJime Tamura told senior executives of Japan's 151 leading companies on Thursday to draw up plans to expand imports of manufactured goods by Mr Tamura was speaking at the third In a series of talks d—to
      AFP  -  163 words
    • 157 3 AFP PHILIPPINE CABINET ministers have formally organised a political movement to back Pnaldißt Coram Aquino three before rin is to (ace a crucial vote of confidence, according to informed sourcss in Manila. Some key leaders of the" movement are former party* mates of
      AFP  -  157 words
  • Page 3 Advertisements
    • 37 3 The business person's choice, every Tuesday. Thursday. Saturday and Sunday. Leaving Changi Airport at 22:00 hours and arriving at Heathrow at 06:50 hours the following morning. Call Air Canoda at *****55 or your Trove! Agent. AIR CANADA <§)
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    • 439 3 The conference for al company clrectors, chief executives, general managers, bankers, lawyers, accountants, aucfltors and protoostonflte in related fields. ii i New Implications for the Business Community 15-16 January 1987, Singapore PROGRAMME Keynote Addktac "Modem Business Law and its Impact on Business Survival and Success r ihe late 196(78" The
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  • REST OF THE WORLD
    • 450 4 Reuter LESS THAN 24 hours after taking office, Saudi Arabia's new Acting Oil Minister Hisham Nazer on Thursday rocked world markets with a call (or an urgent meeting of Opec's price-fix-ing committee. His call set the stage for further efforts by the
      Reuter  -  450 words
    • 207 4 Reuter US OFFICIALS think that the removal of Ahmed Zaki Yamani as OQ Minister of Saudi Arabia will weaken the Organisation of Petroleum Exporting Countries and could lead to lower world oil prices. The officials on Thursday withheld public comment on Mr Yamani's
      Reuter  -  207 words
    • 279 4 FT THE AUSTRIAN government has unveiled a large-scale programme of privatisation as part of its campaign to bring the nationalised industries out of the red. The programme involves selling or reducing the share of (HAG, the holding company for the nationalised industries, in several companies and
      FT  -  279 words
    • 84 4 AP INDUSTRIAL production in the European Community, virtually flat in the first quarter of this year, gained momentum and rose 1.5 per cent in the second quarter. The EC commission said the sharpest increase, 2.4 per cent, was registered in the output of investment goods, while
      AP  -  84 words
    • 183 4 Reuter THE VOLUME of construction contracts awarded in the Gulf region looks set to shrink further after a sizeable fall from 1982 peaks. Gulf International Bank has said. The Bahrain-based bank said in its October economic report that new contracts in the six
      Reuter  -  183 words
    • 369 4 AFP BUSINESS confidence in South Africa remains extremely fragile In spite of signs of an economic upturn, the Association of Chambers of Commerce has said in Johannesburg. Assocom reported that its twtw— confidence index stood at 89.9 this month on a base of 100 In
      AFP  -  369 words
    • 237 4 AP THE BRITISH government has appealed to travel agents, tear operators and airlines not to promote South Africa as a tourist H—llmHwi However, Employment Secretary Lord Young told Parliament that people wanting to visit South Africa would not be prevented from doing so.
      AP  -  237 words
  • RAW MATERIALS
    • 158 4 SINGAPORE The market closed firm yesterday with November One RSS buyers quoted at 188.00 cents/kilo, up three cents. The morning session gained 2.50 cents on light buying interest and some short covering for nearby positions and prices gained further ground in quiet afternoon trading on speculative buying. Trading on
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    • 342 4 RAS prices M S contt/kg, FOf in 1 m4o* NOON CLOSf Int I RSS Prompt 187.00 188.00N 188.00 I89.00N Int 1 RSS Nov 86 187 00 188 00 188.00 189 00 Int 1 RSS Doc 86 187.00 187 50 188 25 188 75 Int 2 RSS OP
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    • 77 4 1 i NOV 86 DEC 86 \CUfrVWT mOf1T7i; NOON VTOfWOrO itKHiTn; NOON RAS k|PM SaRan tayan jaian SSR 20 170.50 172.50N 171.50 173.50N SSR SO 167.50 169.50N 168.50 170.50N MRELB ■•ran StHtn Bayan StIUn SMR CV 287.50 289.50N 288.50 290.50N SMR L 287.50 289.50N 288.50 290.50N SMR
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    • 140 4 Chinm Produce Exchange S«H*n' noon dowM prices on Oct 31 (S$/100 kg) Coconut oil BiJk FOB 50.00 Old drum FOB 63.00 New drum FOB 67.00 Robusto 20/25% FOB NSW Nutmeg 110 FOB NSW BWP FOB NSW Gambier FOB NSW 580 00 1405.00 1289.00 330.00 Copro Mixed (loose) Pepper
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    • 65 4 Bangkok Broken Rice 128 125 unq unq (USS/teww, FOi) Whit* Rice A-l Sup«r A-l Special C-l Special C-1 3rd 100% 1st clou 100% 2nd ckm 255 220 Loonzoin Rice 100% 3rd dos* 215 100% 1>t grodc 100% 2nd grod« £3 5% 205 100% 3rd grade unq 10% 200 15%
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    • 581 4 MBT THERE ARE MOVES to turn the Kuala Lumpur Tin Market into an internationally recognised reference market for tin soon with the expansion of its trading operations. It is the only official market trading in physical tin in the world. Plans are
      MBT  -  581 words
    • 43 4 WCEKAMP !m%h, Mailbh ffigc£JsL?2 Trial turnover wss II tonnes sgslnst m Wttefly soaght, as sUners retrained (Na nHhg in expwrtstl— sI a price rise sI ap to mu. KL TIN SSsr-- 0 Price 15.90 up 0.25 Turnover (tonnes) 93 up 12
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    • 39 4 LONDON US$/toim« closing en Oct 30 M'skm/Sumotra Crude OF Nov 305.00 sir Dec 317.50 sir Jan 325.00 sir Feb/Mch 330.00 sir Mch 335 00 sir ROTTERDAM US$/tOMM Palm oil Crude Sumotro/M'sio Nov/Dec 312.50 sir Jon/Mch 315.00 sir
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    • 57 4 WHEAT FUTURES in Chicago on Thursday closed strong in near December, which finished 7-3/4 US cents a bushel up, and 5-1/4 to two cents higher in other months. Corn futures closed higher by 3-3/4 cents a bushel in May to one cent in distant March but were as much
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    • 42 4 SOYBEAN FUTURES on the Chicago Board of Trade cloaed strong on Thursday, nine to (our US cents a bushel higher. Soyoil futures closed strong, up 0.42 to 0.54 cent a lb while soymeal futures finished US$l.4O to US$O.5O a tonne higher.
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    • 742 4 COFFEE Robust* futures dosed at their highs on Thursday, between £30 and £65 higher as continued commission house buying supported the market. The physical market was quiet, with much of the indusUy sidelined by market volatility. But some Kenyan trade was noted. Roasters were seen reasonably well covered,
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  • Page 4 Miscellaneous
    • 55 4 Doonesbury LANPHCPd PHMA66 AMH.HtS. GONTKWHZ. MMPORT 111 CALL AiIKE KCLBARVf ATTHEA6&C/. •HOPPING OFF 7.. c=> fO-Z9 em W6GTHOZSQME REALU FASTTi/SPmW MC&aumayt** 7%% pent ?4 V Yi, .111/ i 1 BY GARRY TRUDEAU iAc&,ayp&mM-moon IT N&THBHUWANP BETTER HARP.ABHMBTD6O TO JUST ONTHBOmSKB- &40RS mtTGEBCUTCF HIM if ilk i i A> 11 J
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  • BANKING AND FINANCE
    • 385 5 Swap limits removed Reuter INDONESIAN BANKERS said foreign competition to extend loans to Indonesian companies will increase after the government's move last week to abolish ceilings on the amount of swaps banks are allowed to give. Offshore loans remain competitive compared with domestic lending rates
      Reuter  -  385 words
    • 171 5 Reuter THE WORLD BANK said the Philippine central bank's policy of promoting bank mergers is not helping to make the local financial system sound. The Business Day newspaper quoted a draft confidential World Bank report, dated Sep 22, saying the central bank's policy of
      Reuter  -  171 words
    • 487 5 AFP CHINA is planning to re-estab-lish the Bank of Communications in Shanghai and break the state's monopoly on hank owuetship by building its capital base through public issues of shares. The new bank's capital will be raised through the sale of shares to the
      AFP  -  487 words
    • 354 5 Reuter FINANCE and Planning Minister Ronnie De Mel said he hopes Sri Lanka will have a more flexible exchange rate policy for the rupee to help stimulate exports, but does not foresee a devaluation. He declined to give any
      Reuter  -  354 words
    • Article, Illustration
      608 5 The US dollar ended firmer against most major currencies yesterday amid European buying interest on news Japan will cut its discount rate to 3 per cent from 3.5 per cent effective today. The dollar's initial firmness was due to the announcement of a lower-than-expected U5512.56 billion trade deficit
      608 words
    • 46 5 RESULTS OF TENDER held yesterday for 91-day bills to be issued from Nov 3 to 7: Offered: $150,000,000 AppM tor: 1430,100,000 ADstted: 1150,000,000 Accepted kids: 199.52 approximately 92 per cent, higher bids in full. Average rate el dtoeeaat« alMneat: 1.925 per cent per annum.
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    • 215 5 Interbank rates at 3pm yesterday: Locol dollors to ■M Otter >*>• portly 19 ORi unit of fofftQA cvrffticy: US dolor 2.1900 2.1910 2.8196 •22 33 Sterling pound 3.0791 ***** 7 3469 •58 09 Australian dolor 1.4037 1 4066 ***** -59.06 NZ dolor 1.1103 1.1130 ***** -67 62 Canodian
      215 words
    • 241 5 HONGKONG: Gold closed lower in fairly active trading yesterday, mainly on local profit-tak-ing after the New York gains. Dealers said news that Saudi Arabia has called for an urgent Opec ministerial meeting and desires to push crude oil prices to US$lB a barrel has improved sentiment slightly. Local
      241 words
    • 274 5 Asian market ASIAN DOLLAR deposit rates closed slightly firmer. Three months closed at 5-15/16 5-13/16 per cent, up 1/16 point from Thursday night, six months also at 5-15/16 5-13/16 per cent, up 1/8 and one year at 6 5-7/8 per cent, up 1/16. Dun to eorty pram timn, thn following
      274 words
  • Page 5 Advertisements
    • 1706 5 TUAN SING HOLDINGS LTD (Incorporated in the Republic of Singapore) ANNOUNCEMENT 1966 INTERIM RESULTS e tor the gix months ended 30 June 19t6 (uneudMed tor IMS). COMPANY GROUP 6 month# 6 month! 6 month# 6 months Turnover (Not* 1) Operating profit/(loas) before charging Interest on bonowinga Depreciation and amortization operating
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  • TIME-OFF
    • 519 6 NO SEX PLEASE, we are Chinese. No gore either, if the developers, or to be exact, the re-developers, of Haw Par Villa follow the advice of two Beijing University professors brought in as consultants on the future of this rare and valuable attraction. So, no
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    • 815 6 What's on from Nov 1 -7 ■HMAIfI W CONCERT: An Antique 00 Parte (Little Singers of Paris). Victoria Concert Hal. 2Jopm and torn. Programme includes Hosiers Cantate Domino, Mozart's Ave Verum Corpus and Schubert's Ave Maria. Tickets at $5, $10, $15 and $20 from usual booking centres. DRAMA FESTIVAL:
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    • 914 6  -  Suzuki's new Swift GTi with its 1300 16-valve twin cam has broken new ground, reports JEFFREY TSANG. It is the first 1300 to offer performance in such a small package. JEFFREY TSANG THE JAPANESE are no longer manufacturers of cheap, reliable tin cans shod with rubber. More and
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    • 262 6 PROBLEMS with mums sometimet arise when Eastern personalities are featured in the western press. This happened recently when The Economist, in an article, mentioned Tan Sri Khoo Teck Puat and his stakes in Exco and StandardQatrtered Bank. The iiTWiATlltil lytino #w PninMP immft by getting his
      262 words
    • Article, Illustration
      190 6  -  By Mike Thumba Lead: Spade 4 by West 4MLki i4t AH rmnry s nttni otsinDUiion OF THE MANY SOLUTIONS received, some were very stimulating. These few not only discussed the possibilities of ™«Hng the 6D contract, but also offered ways of defeating the contract. From this point of view,
      190 words
    • 191 6 DEB KLE3NE Madrlgalehar, a German dMir gran p ——ii far ita Impreaalve A Cappella mule (abeve), will give a perfmiwiiii tt the Stappire Cmfereaee Hall aa Tharaday, Nav i The chair, fanned la 1178, haa since eitfded Ma repertoire to apirltaal eharal miaif af Beaalaaaaee mad Barbae,
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    • 91 6 800 ART PANS, here's a fix (ran the Singapore Film Society. There will two screenings sI s IH9 Bogie dim this month at the Goethe lastttnt, Singapore Shopping Centre. "Knack On Any Door" (h/w, 1M mlns), starring Humphrey Bogart (above), John Derek and George Mac ready,
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  • Page 6 Advertisements

  • SPORTS
    • 646 7  -  By BRIAN MILLER ITS A MATTER OF OPINION, but look at it anyway you want, Be Pioai must rank as one of the unluckiest sprinters in training thia >WUFQ«V Bred in the pink by Wolverlite, the grey mare has finished
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    • 349 7 UPI JOHN McENROE, looking for his fourth consecutive tournament victory at the Paris Open, says he is no longer sure of where he stands in the tennis world but he hopes it will soon be back at the top. "I
      UPI  -  349 words
    • 223 7 Reuter THE US took a predictable 24) lead after the opening day of the Wightman Cup women's tennis competition on Thursday. Kathy Rinaldi led the way, beating off a brave challenge by Britain's Sara Gomer 6-3, 7-6. Then 16-year-old Stephanie Rehe outplayed the
      Reuter  -  223 words
    • 250 7 Reuter ENGLAND'S David Kelly carded a three-over-par 74 on Thursday to lead in the first day of the Inaugural China Amateur Golf Open championship. Kelly had three bogeys on the front green but managed to keep par on the back nine
      Reuter  -  250 words
    • 96 7 AP WEST GERMAN Bernhard Langer was an upset victim in the first round of the Seiko Tucson matcfaplay championship. Bob Gilder did not make a bogey in a four-under-par effort over the Randolph Park Municipal course and beat Langer 66-68 in the new medal-match format,
      AP  -  96 words
    • 392 7 UPI AMERICA'S CUP challengers scrambled to finish their heavyweather modifications (or tomorrow's start of the second series, all convinced the brutal wallop of the "Fremantle Doctor" is what's needed to devastate their foes. After 13 days of swapping masts, changing keels,
      UPI  -  392 words
    • 238 7 while Courageous IV sails into a legal storm Reuter THE PROUDEST YACHT in America's Cup competition, Courageous IV, has been seized by bailiffs over unpaid biDs. The West Australian Supreme Court announced on Thursday that Courageous IV had been "arrested" under a warrant in an action from a company claiming
      Reuter  -  238 words
  • Page 7 Miscellaneous
    • 1050 7 CENTREBT AQE 10pm, Channel 12 Hell hath no fury like a woman scorned. "Medea" is about a proud woman who is rejected and betrayed by an ambitious husband bent on marrying his way to new power and riches. Her grief turns to hatred and horrible revenge, with her two children
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    • 812 7 CRYPTIC PUZZLE ACROSS 8 Cheat a type you hang around with (7) 9 Say excitedly about a new amour "It's the greatest" (9) 13 He wfl be at home when I take leave (5) 14 After the break-out, nail about fifty, altogether (2, 3) 15 Doesn't remain a stay-at-home when
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  • INTERNATIONAL STOCKS
    • 514 8 FT THE PROBLEMS which have dogged the London Stock Exchange's computerised trading system since its launch last Monday are likely to continue for at least six months, according to UK computer experts. A long-term solution would call for a substantial
      FT  -  514 words
    • 310 8 Reuter WALL STREET awoke to positive economic news on Thursday and stocks responded by extending their advance to a fourth consecutive session. Speculation about a cut in the Japanese discount rate provided most of the fuel, and a smaller-than-expected trade deficit lent
      Reuter  -  310 words
    • 136 8 FT THE LEADING marketmakers in government "gilt-edged" securities, backed by the Bank of England, won a concession from the exchange, allowing them to use an improvised method to disseminate their prices through the Topic system. At a meeting on Wednesday led by Mr lan Plenderleith, the Bank of
      FT  -  136 words
    • 212 8 OCT IM -2 80 10 INDUSTRIALS 1225 230 1450 Wooftru 1450 50 A Afcho Abucom Aod unch 10 unch 1 An0o* 4MM6S 6550 100 Amaprop AMC 450 4875 unch -50 2300 •so 2015 30 +25 Buffak 8500 100 C G Smtto 3100 Chartar 1775 125 CNA 275 -5 Cam
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    • 599 8 OCT 10 us* Alcan Afcaran Alcoa 30* 39* IKII Alsg M Akd Sin 17* 41% 66* 3* Am BhhmIi he 47* Am Can Co Am Cyonanyd 88* 81* 1 Am B*c Pw 29* 4* Am toprwi SB* 41* 77* 3* 13* 26 65 SB* 6 inch 4-* +2*
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    • 333 8 Amsterdam OCT Hi A8N 543.30 +15 5 Amok 90 B0 26 Ahold IM X «il Ak.ro 147 20 6 7 Akanto 151 40 06 AMEV 76.20 +34 Aim Bank 92 B0 +3J Am S*od 126.00 ixdi bU 34.90 +2 aofc luaa +2.5 Bonum* Buatvman TiMrM ***** 6.8 la...
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    • 282 8 Reuter THE BOLD step by the Industrial Bank of Japan to buy Aubrey G Lanston, one of the 35 elite primary dealers in the US government securities market, is the latest move by Japanese companies seeking a larger share of the world financial
      Reuter  -  282 words
    • 98 8 Reuter HANSON TRUST PLC of Britain may Join in an effort by Star James Goldsmith to acquire Goodyear Tire and Rubber Co, Wall Street sources have said. They said no decision has yet been reached. Goldsmith is said to have been acquiring a large position
      Reuter  -  98 words
  • Page 8 Advertisements
    • 538 8 M m Wtere t© wiae, «uid entertain QtfUa&Q'ieena P 1 £l. <%> fci il V From October 27 to November 1, bring your boss to savour our buffet spread of salads, roast meats and grilled specialities. Plus tempting desserts, ail for only $25.50*. With a free glass of fruit punch
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    • 124 8 «N 4ZS K s ■> And now, for your great pleasure, may we present our clever combination of culinary craft and calisthenic capabilities, the incomparable Long Jiang Sichuan Prawn Roll Send one tumbling through a succulent sauce. Sensational Come for lunch or dinner anyday. OIWCE HOTEL 270 Orchard Boad. Support
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  • ASIAN STOCKS
    • 116 9 Reuter BRAMBLES Industries Ltd will make a renounceable one-for-10 rights issue to raise A|75.9 million (or future expansion within Australia and overseas. The 13.8 million new shares will be issued at $5.50 each, which compares with Thursday's 17.20 a share closing price. The diversified transport
      Reuter  -  116 words
    • 179 9 AFP SUMITOMO RUBBER Industries Ltd of Japan is negotiating to buy Dunlop in the United States as a stepping stone into the world's biggest tyre market. A Sumitomo spokesman said on Thursday that the company was currently talking with a consortium of
      AFP  -  179 words
    • 89 9 Reuter YAMAHA MOTOR Co Ltd of Japan and Kung Hsue She Co Ltd win set up s Joint venture next month in TSiwsn to produce and market Yamaha-designed motorcycles. The new firm, Yamaha Motor Taiwan Co Ltd, owned 51 per cent by Yamaha and the rest
      Reuter  -  89 words
    • 503 9 Reuter WHY CAN SONY make money manufacturing televisions in the US when American companies cannot? Sony chairman Akio Morita has the answer and some advice for American industry in his re-cently-published autobiography, "Made in Japan". Sony, the giant Japanese electronics company which last
      Reuter  -  503 words
  • Page 9 Advertisements
    • 235 9 BT helps you increase productivity BT, Singapore's biggest business daily has a weekly page devoted to training and development to keep Singapore ahead in the economic race. Every Wednesday, BT brings news of the latest techniques and developments in training, productivity and acquisition of skills. Our comprehensive coverage on "Training
      235 words
    • 120 9 Br a i übertua (ferfll 3 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. $24 for adults. $12 for
      120 words
    • 162 9 Temptations served round the clock Only at Cafe Excelsior A delightful selection of western and local favourites Hong Kong style noodles and congee A superb High Tea Buffet Served daily from 3pm to 6pm SB ExccJSor Hotel 5 Coleman Street. Singapore 0617. Tel: *****33 I 3 <* I only $15
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    • 98 9 THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet tvrftet luncheon at on ungourmet price! For starters, take your pick of our coid dishes prawns on ice. fresh oysters, smoked salmon, melon and dried ham. vegetable terrine, mixed seafood saiod. cooked assorted vegetables and homemade dressings Select your main
      98 words
    • 143 9 2 TOP BANDS nightly HOT DISCO COUNTRY SENTIMENTAL POP ROCK' and you name it!! <? "A, Singapore's very own Slim Whitman with country favourites and Happy Horn: 12 noon 7pm Buy one S got one Premium Brandt bottle retee 29% off. CAMNHIU. HOTEL 19 CairnhiH Circie, S pore 0822. Tel:
      143 words

  • SHARE INFORMATION
    • 4148 10 IN SPITE OF the holidayweekend, investors continued to chase shares on the Singapore stock market yesterday. As a result, most share prices shot up higher on fairly substantial volumes. At the close, the BT Composite Index advanced 12.00 points to 877.19 white the
      4,148 words
    • 144 10 SINGAPORE Ritas In dlcM (IUi 1850 50 OetJt Oct SI 1 c s 1 C B Sra** 790 432 170 *2 0 BTC in rhlmn BIS.1C 2*71*901 378 BT08/0S +tot 4-180 S t N 850 VT CAM 4M •8MB M 719 BT 08V f 1S72N !£?5 IMw
      144 words
    • 2475 10 ■D aad «(tar whom attcta&y listed sal baetaoes te aad reported to tfce Block KxcteM »a tractate la tote <rf MM teii eataeo «lorlftod AH Thw Betttomiat OHitfc are «after tke word "SETT" arddoatodatotoef MM aato) are quoted after the SECTION ONE MOUSTtIAL COMMERCIAL Acme
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  • Page 10 Advertisements

  • COMPANY NEWS
    • 347 11 TECHNICAL requirements from a government office stopped the Central Provident Fund Board from winding up Furama Hotels Investment (a wholly-owned subsidiary of listed Wannian Holdings) yesterday, resulting in a one-week reprieve for Furama, the owner of the hotel of the same name in Havelock
      347 words
    • 317 11 MBT IMATEX executive vice-chair-man, Tamin, after the company's annual general meeting on Thursday that Imatex is exploring various joint venture proposals and has identified some project management activities for light industrial estates and housing. It is also pursuing its diversification plans to go into agriculture,
      MBT  -  317 words
    • 88 11 SINGAPORE PRESS Holdings Ltd'* wholly-owned subsidiary, Times Publishing Bhd, has on October 15, acquired the remaining 50.26 per cent shareholding in Eastern Universities Press Sdn Bhd. The purchase of the 50.26 per cent stake or 97,500 shares cost $100,000 and will make EUP a
      88 words
    • 266 11 MBT A FRESH rescue plan (or Gula Perak is being worked out by debenture holders and the company's board and this is expected to be implemented early next year. Disclosing this after Imatex's AGM on Thursday, executive vice-chairman Bskhtlsr Tamin said
      MBT  -  266 words
    • 611 11  -  By HOMER CHEN WITH NET liabilities of $85 million to fill mink», stock broking firm City Securities which has been reeling since the PanElectric Industries crisis last year was put into liquidation yesterday. This is the third stockbroking firm to be liquidated this year,
      611 words
    • 281 11 HOTEL and property group Mount Pleasure Holdings Bhd has turned in sharply lower profits for the first six months of the year, compared with the first half of last year. However, the results are an improvement on the second half of last financial
      281 words
    • 271 11 MBT NCR MALAYSIA is to market the Innocard security access and time management system, two new products which Innovest Technologies has designed. A distribution agreement was signed by the two companies on Thursday. NCR Malaysia's managing director, Marcel Carrier, said NCR is also
      MBT  -  271 words
    • 401 11 TALAM CORP BHD: Group pre-tax Ions of M$L39 million in the six months to July 31, 1366, compared with t gross profit of Mtmjm in the same period last pear. There was no tax provision. Group turnover (ell to M9S1.000 from M».96 million while interest i ipniara edged
      401 words
    • 103 11 HONGKONG Hongkong Indox Friday 1465.95 Thursday 1464.31 WMk ogo 1443.22 Hong Song Indox Friday 2315.63 Thursday 2312.81 W««k ogo 2286 07 All Industrials Friday 2157.5 Thursday 2147.2 WMk ago 2129.9 NEW YORK Dow Jonas Thursday 1878.37 Wednesday 1851.80 WMk ogo 1834.93 TOKYO Nikkoi Avorogo Friday *****.63 Thursday *****.95
      103 words
    • 223 11 Mewgen' pricas for Nov 3 Singapore Unit Trutt Tho Commarca 0.93 1.00 Tho Sovingi Find 0.85 0.91 S'poro Prog Fund 0.36 0.40 S'por* Sk Fund 0.63 068 S'pora hv«t Fund 0 72 078 S'pora Equity Fund 0.47 0.51 Asia Unit Trust Mot Invtit Fund 1.29 1.39 Mai Prag
      223 words
    • 792 11 UK Share prices yesterday opened mixed with a slightly firmer Mas, with stock exchange sources reporting that the SEAQ automated share price quote system and related Topic information service were working without any problems. Overloading of Topic, on which share quotes put in through SEAQ computers are displayed,
      792 words
    • 96 11 Reuter NEW WORLD Development Co Ltd has announced a two-<or-10 warrant issue, following Its report of a 98 per cent Jump In profits for the year ended June 30. Shareholders will receive one warrant with maturity In December 1989 and one in December 1991 for each 10
      Reuter  -  96 words
    • 143 11 BOBDBON AND COMPANY, LMMM: AGM at 277, Orchard Bond, #05-01, Specialists' Centre, Sings pore 0823 on Monday, Nov 3, at 1130pm. TAIPINO CONSOLIDATED Berhad: 46th AGM at Plaza L The Plaza Hotel, Jalan Raja Laut, ***** Kuala Lumpur on Tuesday, Nov 4, at 11am. MYCOM Berhad: 19th AGM
      143 words
    • 797 11 Cue! Kb data Baaks peyoMe Tetei far tka year Tetal fer last peer A B N A 1 S A Enterprises Asiotic Dtv Ayer Hitom tub Ayar Hitom Tm MT B+dford -i MOT(KG lo«8ttod r u.ij! v» i noKJioyi Cerekos Cold Storage Denlep Ud EieoPraf FAI km Fnfitoc
      797 words
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  • 482 12  -  KL conference: Towards an Asean Common Market By BOEY KIT YIN in Kuala Lumpur THE DAYS when Asean was one of the fastest growing areas are over and member countries must recognise and prepare for the consequences, warned a high-level European Community
    482 words
  • 370 12 DIRECT US investments in Asean countries at the end of last year stood at more than than US$9.2 billion. And US affiliates operating in the grouping created some 300,000 Jobs and made over $2 trillion worth of capital expenditures in
    370 words
  • 425 12 AFP ABOUT 50 students and a dozen policemen were seriously injured yesterday as more than 6,000 riot police stormed a South Korean university in a violent end to a four-day siege by dissident students, witnesses said. The police announced that a
    AFP  -  425 words
  • 368 12 NYT THE US ADMINISTRATION has seized on the narrowing of the trade deficit in September for the second straight month as confirmation of the longanticipated turnaround in trade, which has been a drag on the nation's economy. The amount by which imEts exceeded
    NYT  -  368 words
  • 308 12 THE ISSUE which led to the restriction on the circulation of TIME magazine in Singapore has yet to be settled. The magazine has been asked by Mr James Fu, the Prime Minister's press secretary, to discuss its footnote to bis letter which the mag»Tine
    308 words
  • 115 12 AFP PRIME MINISTER Rajiv Gandhi, protected by nearly 3,000 security men, led India in mourning on the second anniversary of the assassination of his mother and predecessor Indira Gandhi in New Delhi yesterday. Wearing a bullet-proof vest, Mr Gandhi placed a wreath at the Shakti
    AFP  -  115 words
  • 69 12 AFP ONLY L 5 per cent of Indonesia's luislursi eulei prises are legally registered, according to a recent economic survey conducted by the Oentral Bureau of Statistics. The survey, launched in January throughout the country, recorded a total of 9,275,864 liuelmesrs. only 135,144 of
    AFP  -  69 words
  • 331 12 OIL FUTURES prices in London and New York moved up on Thursday following the dismissal of the Saudi Oil Minister, Sheikh Ahmed Zaki Yamani, and plans by his nrressor to convene an emergency Opec meeting aimed at boosting oil prices to
    331 words
  • 179 12 Reuter THE WORLD BANK has told Nicaragua, which suspended payments to the lending agency two years ago, that it needs to «—ha substantial iiltislm*" l to get its economy back on course. Monetary sources in Washington said the World Bank's board of directors had
    Reuter  -  179 words
  • 62 12 UPI FORMER NASA whistleblower Richard Cook has asked Attorney General Edwin Meese to open a new investigation into the shuttle Challenger accident and appoint a spectsl prosecutor to run it Cook said he believes the probe conducted by the Rogers commission to adequately study the
    UPI  -  62 words
  • LATE FILE
    • 43 12 AFP JAPAN'S trade surplus, fin terms of balance of payments, hit a record USJDi hfllton In September, according to a preliminary report issued by the Finance Mrnistry yesterday. The previous record of USIB.fl billion was set in July. AFP
      AFP  -  43 words
    • 40 12 AFP NUCLEAR energy has surpassed oil-fired power as the largest source of electricity in Japan and the Japanese government will further Increase the ptuffftil use of nuclear power, a government White Paper released yesterday said. AFP
      AFP  -  40 words
    • 31 12 AFP FIFTY thousand people gathered in front of the Chiang Kai-Shek Memorial Hall in Taipei yesterday to mark the centsuniai of the late Chinese Nationalist lender's birth. AFP
      AFP  -  31 words
    • 30 12 AFP CANADA will accept between 115,080 and 12,000 immigrants in 1117, a slight >11. increase on ims jnr, iramigration Minister Gerry Weiner announced in Ottawa yesterday. AFP
      AFP  -  30 words
    • 40 12 AFP THE US AUTHORITIES have still to decide whether to declare Austrian President Kurt Waldhetm unwelcome in the US after new reports on Thursday on his wartime activities, Attor-ney-General Edwin Meeae said yesterday. AFP
      AFP  -  40 words
    • 25 12 AFP PAKISTAN'S Attorney-Geu-eral Aziz Munshi has resigned for "personal i ensues" and President General Mnhstnmert Zla-ul Haq has accepted his reeignntlon.
      AFP  -  25 words
  • Page 12 Advertisements
    • 156 12 Nasor mNi lor an Op*c m—ling on priooo, PO9O 4 \\tf> o\ X i n M IB g i* A ORDER FORM Yes, I would like to subscribe/renew. Please send the mogazine to the folowing address Address 1 A Company Enclosed is cheque/money order no: f0r549.00/$71.25/$64.75. Cheque/money order should be
      156 words