The Business Times, 1 November 1986
1986-11-01
1
12
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The Business Times
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Title Section12 1986-11-01 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, NOVEMBER 1, IM6 75 CENTS12 words
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Article, Illustration142 1986-11-01 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
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Article55 1986-11-01 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 beReuter - 55 words
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Article, Illustration224 1986-11-01 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 Provident224 words
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126 1986-11-01 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 protectionAFP - 126 words
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Article, Illustration642 1986-11-01 1 CHUANG PECK MING - 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 optimism642 words
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295 1986-11-01 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 by295 words
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430 1986-11-01 1 ELAINE KOH - 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, prepared430 words
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331 1986-11-01 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 sluggishAFP - 331 words
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Page 1 Advertisements
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Advertisement136 1986-11-01 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,136 words
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Advertisement391 1986-11-01 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 ia391 words
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Advertisement24 1986-11-01 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 <y24 words
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HOME NEWS
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Article, Illustration349 1986-11-01 2 LOH HUI YIN - 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 we349 words
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189 1986-11-01 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 Lian189 words
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Article494 1986-11-01 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 Promotion494 words
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174 1986-11-01 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, Mr174 words
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410 1986-11-01 2 JEFFREY TSANG - 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), which410 words
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Article, Illustration222 1986-11-01 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 nearly222 words
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375 1986-11-01 2 LEE HAN SHIH - 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, shops375 words
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Article144 1986-11-01 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- ful144 words
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Article994 1986-11-01 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 Mfchal994 words
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ASIA-PACIFIC
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442 1986-11-01 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 theMBT - 442 words
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Article155 1986-11-01 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$2.O7 billion in die same 1985 period, government figures show. Tnrhnfing NZ5743.4 million of debt refinancingAFP - 155 words
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Article860 1986-11-01 3 ARRIVALS OpwUr Local Hm Fran OA UA SA CAL SA SV MAS CV KAL MAS MAS AC CPA RBA QA SIA SIA THAI SIA AR MUGH MAS QA SIA SIA QA SIA SV SIA SIA QA SIA SIA SA QA THAI KLM SIA THAI CPA MAS MAS860 words
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Article, Illustration178 1986-11-01 3 AP CHINESE youth say they like senior leader Deng Xiaoping more than any other politician in the world, but show little respect for the entrepreneurs that Mr Deng has promoted ss part of his economic reforms. An opinion poll of 8,000 young people,AP - 178 words
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176 1986-11-01 3 AP THINGS that make people laugh have not changed much in 2,000 yean, says French mime master Marcel llarceau. "I'm sure Roman* laughed when someone ■lipped on a banana peel," Marceau said in Tokyo on Thursday. "Even at the end of theAP - 176 words
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277 1986-11-01 3 UPI MOVIE THEATRES closed across India on Thursday in support of a three-week-old strike by the world's largest film industry, depriving an estimated 13 million people of entertainment. The one-day protest by cinema owners was reported successful in New Delhi and at leastUPI - 277 words
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202 1986-11-01 3 UPI CHINA'S second-ranking diplomat In the US says his country's undeveloped status has resulted in a US$l6 billion trade deficit with the US during the past 15 years. Tang Shubei, Chinese Minister of Embassy, said China must sell more of itsUPI - 202 words
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356 1986-11-01 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 Teng356 words
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226 1986-11-01 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
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163 1986-11-01 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—toAFP - 163 words
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157 1986-11-01 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 ofAFP - 157 words
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Page 3 Advertisements
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Advertisement37 1986-11-01 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 <§)37 words
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Advertisement439 1986-11-01 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" The439 words
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REST OF THE WORLD
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Article, Illustration450 1986-11-01 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 theReuter - 450 words
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207 1986-11-01 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'sReuter - 207 words
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Article279 1986-11-01 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 andFT - 279 words
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Article84 1986-11-01 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, whileAP - 84 words
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183 1986-11-01 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 sixReuter - 183 words
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369 1986-11-01 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 InAFP - 369 words
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237 1986-11-01 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
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RAW MATERIALS
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Article158 1986-11-01 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 on158 words
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Article342 1986-11-01 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 OP342 words
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Article77 1986-11-01 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 SMR77 words
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Article140 1986-11-01 4 Chinm Produce Exchange S«H*n' noon dowM prices on Oct 31 (S$/100 kg) Coconut oil BiJk FOB 50.00 Old drum FOB 63.00 New drum FOB 67.00 Robusto 20/25% FOB NSW Nutmeg 110 FOB NSW BWP FOB NSW Gambier FOB NSW 580 00 1405.00 1289.00 330.00 Copro Mixed (loose) Pepper140 words
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Article65 1986-11-01 4 Bangkok Broken Rice 128 125 unq unq (USS/teww, FOi) Whit* Rice A-l Sup«r A-l Special C-l Special C-1 3rd 100% 1st clou 100% 2nd ckm 255 220 Loonzoin Rice 100% 3rd dos* 215 100% 1>t grodc 100% 2nd grod« £3 5% 205 100% 3rd grade unq 10% 200 15%65 words
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581 1986-11-01 4 MBT THERE ARE MOVES to turn the Kuala Lumpur Tin Market into an internationally recognised reference market for tin soon with the expansion of its trading operations. It is the only official market trading in physical tin in the world. Plans areMBT - 581 words
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Article43 1986-11-01 4 WCEKAMP !m%h, Mailbh ffigc£JsL?2 Trial turnover wss II tonnes sgslnst m Wttefly soaght, as sUners retrained (Na nHhg in expwrtstl— sI a price rise sI ap to mu. KL TIN SSsr-- 0 Price 15.90 up 0.25 Turnover (tonnes) 93 up 1243 words
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Article39 1986-11-01 4 LONDON US$/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$/tOMM Palm oil Crude Sumotro/M'sio Nov/Dec 312.50 sir Jon/Mch 315.00 sir39 words
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Article57 1986-11-01 4 WHEAT FUTURES in Chicago on Thursday closed strong in near December, which finished 7-3/4 US cents a bushel up, and 5-1/4 to two cents higher in other months. Corn futures closed higher by 3-3/4 cents a bushel in May to one cent in distant March but were as much57 words
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Article42 1986-11-01 4 SOYBEAN FUTURES on the Chicago Board of Trade cloaed strong on Thursday, nine to (our US cents a bushel higher. Soyoil futures closed strong, up 0.42 to 0.54 cent a lb while soymeal futures finished US$l.4O to US$O.5O a tonne higher.42 words
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Article742 1986-11-01 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,742 words
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Page 4 Miscellaneous
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Miscellaneous55 1986-11-01 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 J55 words
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BANKING AND FINANCE
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385 1986-11-01 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 ratesReuter - 385 words
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171 1986-11-01 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 ofReuter - 171 words
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487 1986-11-01 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 theAFP - 487 words
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354 1986-11-01 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 anyReuter - 354 words
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Article, Illustration608 1986-11-01 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 deficit608 words
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Article46 1986-11-01 5 RESULTS OF TENDER held yesterday for 91-day bills to be issued from Nov 3 to 7: Offered: $150,000,000 AppM tor: 1430,100,000 ADstted: 1150,000,000 Accepted kids: 199.52 approximately 92 per cent, higher bids in full. Average rate el dtoeeaat« alMneat: 1.925 per cent per annum.46 words
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Article215 1986-11-01 5 Interbank rates at 3pm yesterday: Locol dollors to ■M Otter >*>• portly 19 ORi unit of fofftQA cvrffticy: US dolor 2.1900 2.1910 2.8196 •22 33 Sterling pound 3.0791 ***** 7 3469 •58 09 Australian dolor 1.4037 1 4066 ***** -59.06 NZ dolor 1.1103 1.1130 ***** -67 62 Canodian215 words
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Article241 1986-11-01 5 HONGKONG: Gold closed lower in fairly active trading yesterday, mainly on local profit-tak-ing after the New York gains. Dealers said news that Saudi Arabia has called for an urgent Opec ministerial meeting and desires to push crude oil prices to US$lB a barrel has improved sentiment slightly. Local241 words
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Article274 1986-11-01 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 following274 words
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Page 5 Advertisements
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Advertisement1706 1986-11-01 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 operating1,706 words
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TIME-OFF
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Article519 1986-11-01 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, no519 words
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Article815 1986-11-01 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:815 words
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Article, Illustration914 1986-11-01 6 JEFFREY TSANG - 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 and914 words
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Article262 1986-11-01 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 his262 words
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Article, Illustration190 1986-11-01 6 Mike Thumba - 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
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Article, Illustration191 1986-11-01 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,191 words
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Article, Illustration91 1986-11-01 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,91 words
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Page 6 Advertisements
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Advertisement11 1986-11-01 6 Training improves your hanc Let BT show you how every Wednesday.11 words
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SPORTS
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Article, Illustration646 1986-11-01 7 BRIAN MILLER - 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 finished646 words
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349 1986-11-01 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. "IUPI - 349 words
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223 1986-11-01 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 theReuter - 223 words
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250 1986-11-01 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 nineReuter - 250 words
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Article96 1986-11-01 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
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Article, Illustration392 1986-11-01 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
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238 1986-11-01 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 claimingReuter - 238 words
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Page 7 Miscellaneous
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Miscellaneous1050 1986-11-01 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 children1,050 words
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Miscellaneous812 1986-11-01 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 when812 words
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INTERNATIONAL STOCKS
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514 1986-11-01 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 substantialFT - 514 words
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310 1986-11-01 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 lentReuter - 310 words
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Article136 1986-11-01 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 ofFT - 136 words
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Article212 1986-11-01 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 Cam212 words
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Article599 1986-11-01 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*599 words
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Article333 1986-11-01 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...333 words
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282 1986-11-01 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 financialReuter - 282 words
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Article98 1986-11-01 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 positionReuter - 98 words
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Page 8 Advertisements
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Advertisement538 1986-11-01 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 punch538 words
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Advertisement124 1986-11-01 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. Support124 words
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ASIAN STOCKS
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116 1986-11-01 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 transportReuter - 116 words
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179 1986-11-01 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 ofAFP - 179 words
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Article89 1986-11-01 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 restReuter - 89 words
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Article, Illustration503 1986-11-01 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 lastReuter - 503 words
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Page 9 Advertisements
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Advertisement235 1986-11-01 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 "Training235 words
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Advertisement120 1986-11-01 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 for120 words
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Advertisement162 1986-11-01 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 $15162 words
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Advertisement98 1986-11-01 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 main98 words
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Advertisement143 1986-11-01 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
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SHARE INFORMATION
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Article, Illustration4148 1986-11-01 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 the4,148 words
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Article144 1986-11-01 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 IMw144 words
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Article2475 1986-11-01 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 Acme2,475 words
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Page 10 Advertisements
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Advertisement6 1986-11-01 10 On target Chart Point every Monday6 words
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COMPANY NEWS
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347 1986-11-01 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 Havelock347 words
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317 1986-11-01 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
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Article88 1986-11-01 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 a88 words
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266 1986-11-01 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 saidMBT - 266 words
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Article, Illustration611 1986-11-01 11 HOMER CHEN - By HOMER CHEN WITH NET liabilities of $85 million to fill mink», stock broking firm City Securities which has been reeling since the PanElectric Industries crisis last year was put into liquidation yesterday. This is the third stockbroking firm to be liquidated this year,611 words
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281 1986-11-01 11 HOTEL and property group Mount Pleasure Holdings Bhd has turned in sharply lower profits for the first six months of the year, compared with the first half of last year. However, the results are an improvement on the second half of last financial281 words
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271 1986-11-01 11 MBT NCR MALAYSIA is to market the Innocard security access and time management system, two new products which Innovest Technologies has designed. A distribution agreement was signed by the two companies on Thursday. NCR Malaysia's managing director, Marcel Carrier, said NCR is alsoMBT - 271 words
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Article401 1986-11-01 11 TALAM CORP BHD: Group pre-tax Ions of M$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 edged401 words
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Article103 1986-11-01 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 *****.95103 words
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Article223 1986-11-01 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 Prag223 words
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Article792 1986-11-01 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
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Article96 1986-11-01 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 10Reuter - 96 words
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Article143 1986-11-01 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 AGM143 words
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Article797 1986-11-01 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 Fnfitoc797 words
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Advertisement0 1986-11-01 11 ^+*/~';\<_}>!}/=+^:<'%!)_:=..\,0 words
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482 1986-11-01 12 BOEY KIT YIN - 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 Community482 words
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370 1986-11-01 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 in370 words
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Article, Illustration425 1986-11-01 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 aAFP - 425 words
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368 1986-11-01 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 exceededNYT - 368 words
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308 1986-11-01 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»Tine308 words
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Article115 1986-11-01 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 ShaktiAFP - 115 words
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Article69 1986-11-01 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 ofAFP - 69 words
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331 1986-11-01 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 to331 words
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179 1986-11-01 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 hadReuter - 179 words
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Article62 1986-11-01 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 theUPI - 62 words
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LATE FILE
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43 1986-11-01 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. AFPAFP - 43 words
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Article40 1986-11-01 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. AFPAFP - 40 words
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Article31 1986-11-01 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. AFPAFP - 31 words
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Article30 1986-11-01 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. AFPAFP - 30 words
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Article40 1986-11-01 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. AFPAFP - 40 words
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25 1986-11-01 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
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Advertisement156 1986-11-01 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 be156 words
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