The Business Times, 6 December 1986

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, DECEMBER 198 C 75 CENTS
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  • 222 1 STOCK MARKET THE STOCK market closed mixed again yesterday in spite of selective buying of blue chips. The Straits Times Industrial Index finished at 899.99, up 3.45 points, and the BT Composite Index gained 3.29 points to close at 785.57. Volume was light at 13.2 million shares
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  • 701 1  -  Offer of 17.5 m shares at $2.30 each opens today By CHAN OI CHEE GOVERNMENT-OWNED Resources Development Corporation (RDC), the Republics leading construction materials supplier and civil engineering group, has become the first company this year to seek a listing on the Stock Exchange of
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  • 162 1 THE NATIONAL Wages Council has given its blessings to the proposals to reform Singapore's wage system. BT understands the decision was made in just one meeting on Wednesday. An official announcement is expected next week together with the release of the full proposals of the
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  • 248 1 THE BOARD of Standard Chartered Bank was warned against bringing in three foreign shareholders as a defence against a bid from Lloyd s bank. A report in The Independent newspaper quoted director Peter Graham as saying that former finance director Stewart Tarrant had
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  • 539 1 HOTEL TYCOON Khoo Teck Puat has sold 48.9 million of his 67.9 million Exco International shares for a total of £129.6 million ($406 million) to four institutional investors. A statement issued by Exco in London last night also said
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  • 450 1  -  By MONICA GWEE ATTENTION all private companies here's a chance to go public. Shell is inviting companies in the private sector to go public with in-house talent who can perform at a mini Arts Festival for Business and Industry
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  • 356 1 THE PROSPECTS af an amicable conclusion to the long negotiations between Singapore banks and Malaysian businessman Dr Chan Chin Cheung over debts incurred by Malaysia's Deputy Agriculture Minister Alex Lee appeared to be fading yesterday. The banks had no word from Dr
    356 words
  • Page 1 Advertisements
    • 181 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM 4 M it /Kizuxu All Star SE Crafted from the finest persimmon wood, the wood heads are dual weighted for consistent accuracy The irons are cast in mild stainless steel with excellent toe and heel design built for exact pinseeking characteristics on off-centre shots
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    • 333 1 Those marathon runners IN A MARATHON, winning is secondary. To be brave enough to run and to have completed the event in the best possible time is in itself a prize to be treasured more jealously than the most handsome trophy. The Singapore Marathon tomorrow will see this happening as
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    • 6 1 This ona's for charity, Page 2
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    • 185 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM The Golfer's Dream Ball A Ball With A New Energy Centre That Draws, Fade And Backspins Better Than A Balata Ball, But Don't Smile Like A Cut Balata. I 1 It took Spalding A V You can draw. dfl 3 years to develop RflVvfW
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  • HOME NEWS
    • 461 2  -  Large-scale renovation encouraged By LISA LEE TERMS AND CONDITIONS attached to the grants and concession* announced on Thursday to help revive the building industry were released yesterday. It was disclosed, for instance, that the property tax concession which exempts building owners from paying
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    • 459 2  -  By GOH YEE LING FORGET THE FUSSY CLOTHES, the costume jewellery, the heavy make-up. Go back to basics, British fashion director Mikel Rosen told local designers yesterday. He has been appointed by the Trade Development Board to co-ordinate The Singapore Apparel '87,
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    • 283 2 ASEAN BUSINESSMEN can have greater influence in international forums only if they group together to present their views and protect their interests, said the Acting Trade and Industry Minister yesterday. Brigadier-General (Res) Lee Hsien Loong was speaking at the 29th Asean-Chambers of
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    • 194 2 THIS PIECE of Zhl Dimo the Chinese art of paper sculpting could mean $100 for the Grace Lodge old folks home. For the work, together with three others by Singapore Press Holdings employee Tang Kim Sang, are up for sale and Mr Tang plana to
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    • 317 2 INSTEAD of being designated Productivity Month. November should be called National Productivity Quality Month, in the view of Leong Horn Kee. the new chairman of the Singapore Quality Reliability Association (SQRA). This was because quality and productivity are of equal importance, he said last
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    • 328 2 TOUGHER RULES for the transport and storage of hazardous substances will soon come into force. The Ministry of Health, which uses the Poisons Act to ensure safe practices by industry in handling hazardous substances, formulated the new rules together with the Ministry of
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    • 101 2 THE CHILDREN'S Charities Association is organising a Christmas Fair at the Sinagpore Conference Hall next Friday and Saturday. There will be a magic show and a puppet show. Six stalls set up by wives of diplomats will be selling artifacts and handicraft from 35
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    • 426 2  -  By LIM SOON NEO CONSTRUCTION COMPANIES looking for more jobs on the Mass Rapid Transit system will have to cast their eyes elsewhere as the final civil engineering contract, worth $27.47 million, was awarded yesterday. The construction contract for Changi depot was given to
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    • 1151 2 AT CONVENTIONAL WHARVES VmnI Barth Arrival Departure Sinor Indah J2 06 12/1000 S Thai Timber J7 06 12/0630 MARMA WHARVES 07 12/0600 09.12/0700 KEPPEL WHARVES Auby Equator Glorious Wing Monoloeverett Ned Nossou Nino Silver Golf All Confidence Iromuor JMa Kap Mezentiev Mik Sholokhov Nedlloyd Madras Orient Princess
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  • ASIA-PACIFIC
    • 423 3 AFP THE US ENVOY to Manila as well as American businessmen attending an ongoing seminar in the Philippine capital believe that the country's economic prospects have been enhanced by recent political developments. The Filipino-American business conference scheduled to end yesterday was the latest
      AFP  -  423 words
    • 376 3 Bernama THE OUTLAWED Communist Party of the Philippines (CPP) established an "invisible government" that collected taxes amounting to millions of pesos daily in the countryside with the backing of the New People's Army (NPA), its military wing. This was disclosed in interviews with military
      Bernama  -  376 words
    • 305 3 FT THE JAPANESE Ministry of International Trade and Industry (Miti) has vowed to force Japanese semiconductor manufacturers to raise their prices in Europe and Asia at the latest round of talks on the controversial US-Japa-nese semiconductor trade agreement in Washington on
      FT  -  305 words
    • 106 3 AFP INDONESIA'S export of frog-legs is growing by leaps and bounds, but the country's frog population is declining partly due to uncontrolled catching, the bi-weekly Business News said yesterday. French imports of frog-legs from Indonesia have jumped from 615.7 kg in 1984 to 1.7 tonnes in
      AFP  -  106 words
    • 302 3 AFP OIL PRICES may strengthen in the next quarter even if Opec maintains its current 17 million barrel a day production ceiling. Indonesian Oil Minister Subroto said. The minister said after a parliamentary hearing on Thursday that the northern
      AFP  -  302 words
    • 698 3 AP CHINA'S textile and apparel sales to the US are expected to soar to more than US$2 billion this year, up more than 40 per cent from 1965 in spite of tough quotas and the threat of increased protectionism. Chinese
      AP  -  698 words
    • 163 3 Reuter CHINA'S 1987 retail sales are expected to increase to 560 billion yuan from an estimated 495 billion yuan in 1986, Deputy Minister of Commerce Jiang Xi said. He said the 1966 figure is a 15 per cent rise over 1985. Mr Jiang was quoted
      Reuter  -  163 words
    • 650 3 AFP SOUTH KOREA and Chins do not havs diplomatic relstions snd have avary raaaon to dialike aach othar yat commarcial activities between the two countries are flourishing. Indirect trade, moatly through trading houses located in the British colony of Hongkong, is expected to
      AFP  -  650 words
    • 155 3 AFP FOREIGN EXCHANGE RATE adjustments are insufficient to reduce the heavy US trade deficit against Japan and West Germany. Japanese government economists said in a report released by the Economic Planning Agency that policy cooperation, mainly in expanding domestic demand in Japan and
      AFP  -  155 words
    • 259 3 AFP ASSAM'S ruling party has called for a 12-hour general strike in the sensitive north-eastern state next Monday to protest against the federal government's "slackness" in implementing a peace accord signed last year. The strike call came on
      AFP  -  259 words
    • 143 3 AP SOVIET LEADER Mikhail Gorbachev will not make a visit to Japan by next January, as the Japanese government had hoped. Foreign Minister Tadashi Kuranari said yesterday Mr Kuranari said that both sides had agreed that the visit could not be made because
      AP  -  143 words
  • Page 3 Advertisements
    • 562 3 Br PARKWAY HOLDINGS LIMITED (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at its registered office, 80 Marine Parade Road #22-03/09 Parkway Parade, Singapore 1544 on Tuesday 23rd December 1986 at 11.00 a.m. for the
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  • Page 3 Miscellaneous
    • 30 3 MORNING. SIR. THIS GtNTUSIR.MY HAMS ISPUMMANSO&N BARTON. MATTING ID BY GARRY TRUDEAU filS' IM i^cr CALLEP. mica. BO6SKY Boesw CALLSP HBRB m wmMtm m m t m i i i
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  • REST OF THE WORLD
    • 484 4 Baker says both debtors and lenders will suffer AP AMERICAN Treasury Secretary James Baker has said that both debtors and lenders would suffer from proposals to ease Third World financial burdens by forgiving some debts of developing nations. Mr Baker, speaking on Thursday at the opening
      AP  -  484 words
    • 231 4 AP AMERICA S Nato allies, while avoiding direct criticism of US arms deals with Iran, have raised questions about the affair's potential impact on US leadership in the alliance. Defence Secretary Caspar Weinberger said on Thursday, at the outset of a two-day meeting
      AP  -  231 words
    • 147 4 FT LARRY SPEAKES, President Ronald Reagan's chief White House spokesman since 1981, announced his resignation on Thursday to take up an executive post at Merrill Lynch, the New York brokerage house. The timing of Mr Speakes's resignation, though rumoured for several
      FT  -  147 words
    • 276 4 AP INSTEAD OF earning money, poor countries' international trade is going further into the red. according to a report from the International Monetary Fund. With figures from the Middle East and Africa not yet in, countries in Asia. Europe and the Western Hemisphere
      AP  -  276 words
    • 273 4 FT BRITAIN'S deficit on visible trade nearly doubled between the second and third quarters, taking the current account into deficit by £781 million. This is the first quarterly deficit since the period from January to March 1985, when the current account was
      FT  -  273 words
    • 322 4 FT THE EUROPEAN Court of Justice in Luxembourg has outlawed a series of important barriers to free trade in non-life insurance within the EC. In a long-awaited judgement, the court on Thursday decided in favour of four cases brought by the European Commission, with
      FT  -  322 words
    • 96 4 Reuter AUSTRIA has applied for membership in the group of advanced Western economies, known as G-10. National bank president Stephan Koren said the application had been forwarded by the fi-,. nance ministry and was motivat- ed by Austria's wish to become more closely involved in
      Reuter  -  96 words
  • RAW MATERIALS
    • 201 4 THE MALAYSIAN crude palm oil market closed lower yesterday as most operators were sidelined in a quiet, featureless market, reluctant to take fresh positions ahead of the weekend. Reports Pakistan bought 12,000 tonnes of RBD palm oil did not affect sentiment. Activity was focused in the December position
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    • 87 4 OIL PRODUCTS FUEL OIL and jet kerosene firmed in the Far East petroleum products market yesterday. All other products remained stable. Closing prices for crude (FOB origin) US$/barrel Change Dubai (Dec) 13.58 WTI, West Texas Intermediate, (Jan) 15.23 0.08 Closing prices for products (FOB Singapore) US$/barrel Change Kerosene 21.05 0.20
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    • 137 4 Chinese Produce Exchange Sellers' noon dosing prices on Doc 5 (SS/100 kg). Coconut oil Bulk FOB 66.00 Old drum FOB 76.00 Now drum FOB 86.00 Copra Mixod (looso) 33 buyers Pepper Muntok Whit* FOB NLW 1415.00 Sarawak Whit# FOB faq NLW 1400.00 Sarawak spocial 1025.00 black FOB NLW
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    • 95 4 FURTHER BUYING demand saw the price of tin on the Kuala Lumpur Tin Market cloae one cent higher at M 517.04 per kilo yesterday. Continued strong forward buying by the Europeans aided sentiment In spite of the overnight fall on the European spot market. Turnover fell to 85
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    • 104 4 WHEAT FUTURES on the Chicago Board of Trade recovered from early lows to trade quietly mixed on Thursday, ranging from down three US cents per bushel in December to up two in May. Commission house selling on a spread basis and the continuous redelivery of the same 160,000 bushels
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    • 299 4 SINGAPORE The market closed higher yesterday with January 1 RSS buyers quoted at 176.75 cents/kilo, up 1.25 cent from Thursday. The morning session gained one cent on light weekend short covering in quiet trading, dealers said. Short covering continued in the afternoon, helping prices to improve further but trading
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    • 87 4 (c«m»/kfl, 1 -Km polMi) JAN 87 FEB 87 (current month) (forward month) NOON NOON RAS lvy«n S*M*n Bvy«n S*H*r< SSR 20 167 JO 169 JON 168.50 170 JON SSR 50 165 JO 167.50N 166.50 168 JON MRELB luyan S*ll*r* Ivytn Sdlm SMS CV 275.00 277.00N 276.00 278.00N
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    • 532 4 COFFEE Robusta futures closed the afternoon call on Thursday mostly firmer on technical short covering, with prices ending £45 higher to £10 lower. Second position March finished up £25 at £1,920. Volume totalled 6,238 lots, including 1,768 crosses. A total of 107 options changed hands. Physical business improved
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    • 264 4 RAS prices In S c*nta/kg, FOB In beta 1 NOON CLOSE Buyers Sellers Buyers Sellers bit 1 RSS Prompt 178.00 179.00N 178.25 179.25N Irrt 1 RSS Jon 87 176.50 177.00 176.75 177.25 Int 1 RSS F*b 177.00 177.50 177.25 177.75 brt 2 RSS OP 172-50 174.50N 172.75
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  • 840 4 ARRIVALS Operator Sorvte* Local From numbor Hm« MAS MH601 0005 ru OA OA471 0015 ATH UA UA805 0100 SFO/HKG SIA son 0125 LAX/NRT CAt CI333 0405 TP* UTA UT5455 0510 NOU SIA SQ41 0615 MAA sv SV398 0710 JED/RUH MAS MH681 0820 KUL cv CV796 0845 LUX/DXB
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  • Page 4 Advertisements
    • 72 4 T f\ J\ I I I The business person's choice, every I I II \I I If II I Tuesday, Thursday. Saturday and I 1 VI \l I a 1 a I \l Sunday. Leaving Changi Airport at I A. yL 1 1 S 1 22:05 hours and arriving at
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  • BANKING AND FINANCE
    • 366 5 Reuter IN A MOVE to curb imports and help a deteriorating trade balance, Peru will devalue its national currency, the inti, by 2.2 per cent each month next year, the central bank said on Thursday. The official exchange rate,
      Reuter  -  366 words
    • 153 5 AP CHINA had a total of U5510.37 billion in foreign exchange reserves at the end of September, the People's Bank of China announced on Thursday. The reserves were down from US$ll.9l billion at the end of 1965. They continued to dip despite controls imposed
      AP  -  153 words
    • 484 5 Reuter BANKERS have sought to manage a new upset in one of the world's financial markets, this time involving a collapse in prices for a hybrid type of Eurobond. Investments worth up to US$l5 billion were at risk and London
      Reuter  -  484 words
    • 736 5 Latest data help to allay fears of increase Reuter FEDERAL RESERVE data released on Thuraday show it ia strongly reaiating upward preasure on interaat rates and ia not trying to edge ratea up aa some fear, economiata aaid. The Fed had managed to keep
      Reuter  -  736 words
    • 206 5 Reuter NORWAY'S central bank is recommending that the Oslo government abolish banks' and life insurance companies' primary reserve requirements. The bank on Thursday said that abolishing the reserve requirements. which compel commercial and saving banks and insurance companies to borrow from the central bank,
      Reuter  -  206 words
  • MONEY AND EXCHANGES
    • 944 5 SINGAPORE: The dollar closed weaker against most currencies on customers selling orders and speculative activity in quiet trading. News that former National Security Adviser Robert McFarlane said President Reagan gave advance approval for the sale of arms to Iran contributed to the dollar's decline, dealers said. Weaker Japanese
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    • 171 5 Interbank rates at 3pm yesterday: Local dollars to Md Ofter c ro-p-*, on* unit of foreign currency: US dollar 2.1930 2.1940 2.8196 -22.22 Storting pound 3.1 348 3.1385 7.3469 -57.33 Australian dollar 1.4331 1.4359 3.4286 -58.20 NZ dollar 1.1074 1.1101 3.4286 -67.70 Canadian dollar 1.5885 1.5898 3.4206 -53.56
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    • 312 5 HONGKONG: Gold closed slightly below its finish in New York under light selling pressure from local speculators. Trading was thin with little activity from overseas interests. Afternoon trading was cancelled because of the death of Hongkong Governor Edward Youde but the news had little impact on the metal.
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    • 65 5 THE OVERNIGHT rate on the Singapore interbank market closed at 2 3/8 per cent yesterday, up 1/8 point from Thursday All the term rates each declined 1/16 point to 3 5/16. SS Interbank rates at 7pm yesterday: Off» ltd cw "W 3 3/6 2 1/4 t-mon* 3 5/16
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    • 633 5 MARCH Eurodollars opened sharply higher yesterday at 94.18 on weaker-than-expected US factory goods orders and the Federal Reserve's addition of reserves. The March contract hit a high of 94.19 but prices eroded during the session on profit-taking to a low of 94.15 ahead of the weekend and US unemployment
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    • Article, Illustration
      117 5 RESULTS OF TENDER held yesterday for 91-day bills to be issued from Dec 8 to Dec 12: Offered: $250,000,000 Applied tor: $610,000,000 Allotted: $250,000,000 Accepted bkte: $99 45 and approximately 32 per cent higher bids in full. Average rate of discount on allotment: 2.145 per cent per annum.
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    • 277 5 ASIAN DOLLAR deposit rates closed steady at easier opening levels in quiet afternoon trading yesterday. Term rates eased 1/16 point initially. Thereafter rates were unchanged with one month closing at 6-7/16 6-5/16 par cent, three months at 6-3/16 6-1/16 per cent and six and 12 months at 6-1/16
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  • TIME-OFF
    • 1059 6  -  Social runners and champions are running tomorrow on the same musclewrenchlng 42 kilometres of road in a biennial event known as the Singapore Marathon. BRIAN MILLER reports. BRIAN MILLER BUSES WILL BE on the roads of Singapore from 4.30 tomorrow morning. But this is no
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    • 120 6 "FRENCH PAINTINGS of the 80s' is a presentation of more than 50 paintings by nine contemporary artists. Their work represents a dynamic and creative diversity prevailing in France today. Stylistically established, these artists have been selected for their individuality rather than for their association with any specific
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    • 194 6 EXHIBITIONS Surface Illumination New Works In Paper. #03-13 The Promenade. 10am-6pm. By Helyne Jennings. Free. On till Dec 8. The Experiences of Prisonsrs-of-War In Singapore. Pioneers of Singapore/Surrender Chambers Exhibition Room, Sentosa Island. 9am-9pm. A pictorial exhibition on the experiences of prisoners of war in Singapore during the
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    • Article, Illustration
      370 6  - Bridge By Mike Thumba PREVIOUSLY, we have acquainted you with the more common types of finessing. The subject of finesse is of such scope that an entire book could be devoted to it. Moreover, it is not often possible to categorise "finesse" precisely. The type of finesse you take to
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    • 598 6 NO ONE SHOULD play down the importance of toys. Toys do not merely relate to childhood: they stay on in use long after, as in the way people learn to play with ideas the way they had played with toys. It is therefore not very surprising
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    • 849 6 What's on from Dec 6-12 w CONCERTS: Presented by students of Victor Doggett. Drama Centre. 3pm, 7.30pm. Free. Tickets from Victor Doggett Music Studios. EXHIBITIONS: Handicraft and hobbles. Department of Extramural Studies, 19, Dalvey Estate. 9am--5.30pm. Free. A wide range of handicraft including wax flowers, palette knife oil painting,
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    • 274 6 YOU WIN SOME and you lose some. Visiting American nutritionist Dr Robert Lin told BT in a recent interview that, in the late *****, his colleague at University of California Los Angeles pointed out that Singapore imported US$lO million worth of infant formula a year. Or
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  • Page 6 Advertisements

  • SPORTS
    • 623 7  -  By BRIAN MILLER IF THERE'S EVER a consolation prize for the most unlucky horse this season, then I'll have to give Workaholic my vote. He was brilliant last season, winning four races including the Caesar s Palace Stakes and the Pesta Pulau Pinang Cup. However,
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    • 547 7  -  By WALTON MORAIS THE MEMORY of that climatic moment two years ago lingers on. Right in front of the Mandarin Hotel where the guests were still enjoying their Sunday morning snooze. The lanky Swede creeping up on the stocky Belgian. Right in
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    • 310 7 AFP DISASTER struck again for John Kolius's troubled America II in the America's Cup challenge elimination racing yesterday when gear failure thwarted his attempts to beat second-place French Kiss. Kolius's crew worked in vain to repair a broken spinnaker pole as America II trailed Marc
      AFP  -  310 words
    • 227 7 Reuter AMERICA'S CUP winner Alan Bond says individual businessmen can no longer justify spending millions of dollars for their yachting pleasure. Spiralling costs in high-tech 12-metre-class racing made corporate involvement and professionalism in the cup inevitable, he said, adding "the money is becoming astronomical
      Reuter  -  227 words
    • 445 7 AFP IVAN LENOL began the defence of his Grand Prix Masters title with a comparatively effortless victory over Andres Gomez of Ecuador, the eighth seed, in New York on Thursday night. -Lendl, the number one seed, won 6-3, 7-5 in the night's second match
      AFP  -  445 words
    • 142 7 Reuter LITTLE-KNOWN Spanish teenager Aranxta Sanchez sent fourthseeded Petra Huber of Austria tumbling out of the Argentine Women's Open tennis championship on Thursday. Sanchez, seeded 12th, swept past the Austrian 6-2 6-1 to create the major upset of the third round. The Spaniard was scheduled
      Reuter  -  142 words
  • Page 7 Miscellaneous
    • 1097 7 to (MD mm SATURDAY NIGHT MOVIE I Take Theee Men 10.30pm, Channel 5 amfT 1 Susan St James (right) plays Carol Sherwood, a woman who shocks her husband of 15 years by asking for a divorce. But she chooses to do it on their wedding anniversary, at a surprise party
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    • 748 7 I H2 H4 CRYPTIC PUZZLE ACROSS 9 Walk, to ue what the shoe wilt do (2. 2, 4) 10 The blue spot, you say (3) 11 Not concealing the expression of disgust for nothing (6) 12 The seat will stay here permanently (6) 13 Shows merit, sailing again in the
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  • INTERNATIONAL STOCKS
    • 517 8 Reuter ROBERT HOLMES a Court's intervention in the Herald and Weekly Times Ltd (HWT) situation is not necessarily the precursor to a Bell Group Ltd count-er-bid for the media group, media analysts polled said. But his intentions are by no means clear and his
      Reuter  -  517 words
    • 383 8 Reuter STOCK PRICES closed lower on Thursday as the market continued an orderly process of consolidation after charging to an all-time high on Tuesday. However, strength in the bond market and speculation the Federal Reserve would ease credit to bolster the economy aided market
      Reuter  -  383 words
    • 148 8 DEC §4 AbttibJ C$ 28* Imp Oil a A. Inco. Int Prov Ptpa 47% 17 39% Alctn Ahun Aigoma SO ...4114 11% hi I no 20 V. unch Bank Nova Scotia Bank Of Montreal 17'/. .32% unch Loblaw Co McMil BKH 11 y. 43 -V, unch Bp RMourcM Braacan
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    • 207 8 Dec M MM HAND J6TMALS fruat Bk Un Woottru 136 806 1725 uncti 125 A Alpha ***** -66 MM MOB Abarcom 320 -10 unch uncfi •26 -10 UflCtl Artglo* -►25 %xr» 420 Angvaal Blyvoof *****6 2180 uneh -125 Barlow* CO Smith 1900 3060 Clwrtar. Cona Gold 9200 ***** uneh
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    • 466 8 «C I"»-:-,- 2 NMOMCtam 46* 2v i' NwWw 0* u net. g£ ESSte:::::::** t% J®*";::rz'z::i4* *5 JL t!!£»Sn. ti 92* g* 0 20,1 AMa-Chalmar* 2* Fraaport Mcmor M 9**" 1 V Am Brands Inc 46% -V. FroXadOp 43% 27* *V Am Can Co 66% -1* B1I 2711 AmCyanamia
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    • 611 8 Amsterdam Dec M KB ABN 546 90 -7 Mao -1.1 AhSd 119.90 -1.2 Akzo 162 10 -1.3 AlranU AMEV Amro Bank. Am 9tad 141.30 74 JO WOO 129.00 +0.3 0.2 -1 0.9 29.40 2.4 BOLS BorauoM| Buahrman Tatta Calva 173.90 149.90 roda 239.00 720.00 unch unch +9 -2.9
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    • 261 8 FT THE DEUTSCHE BANK, the biggest bank in West Germany, is planning to pay a bonus dividend to shareholders this year because of extraordinary profits made on its flotation of the former Flick industrial empire. The bank made DMI billion pre-tax profit on
      FT  -  261 words
  • Page 8 Advertisements
    • 121 8 Wiief* id win*, atius mi cirtertaili till 1 Baron's Table Sunday Brunch... youUloveit? Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only 825.50 per adult and $15.00 per child (under 12) every Sunday
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    • 117 8 It's the NEU FACES... Fresh from their European tour. The NF.IJ FACES Veteran and versatile musicians Rock n Roll. Top 40 New Wave excellently performed tor grand entertainment Nightly except Sundays the Alcove lounge where the beer is cheapest among hotel lounges MAGICALLY HYATT 1 1 1!?! When guests order
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    • 205 8 TEOCHFW PORXJDGT BUFFET $5 50 'A'A'' I' A h .^5O- jrv' hnmrtw rlrO-*> pmon) Vou can erjoy savoury'homely dishes such as braised pork 9 steamed stuffed bean curd 9 sambal bnrjal 9 fried satted fish sauteed chicken with mushroom sauteed chai poh omelette fried black pomfret n soya bean sauce
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    • 130 8 Teppanyaki Set Lunch at $18.00+ With a choice of beef, chicken or seafood and served with appetizer, rice. soup, pickles and dessert OR 12 different sets of Japanese lunches priced from $10++ to $20+ per set Lunch: 12 Noon- 2.50 pm Dinner: 6.50 pm -10.30 pm SINGAPOftt MOTtl 10 Eu
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    • 114 8 London slocks on Pags 11 Hold it, don't reach out for your umbrella. It's Thunderstorm, the band that'll be striking up. Come prepared instead for a downpour of latest hits any day from Bpm except Sundays, LflMMgB Cf3own l •WO rem 270 Orchard R.ud Smppmr 0923 Id: 732 1111 Managed
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  • ASIAN STOCKS
    • 359 9 HONGKONG: Share prices closed sharply lower yesterday in hectic trading as nervous investors unloaded their shares following news of governor Edward Youde's death. The Hang Seng Index lost 29.80 points to end the day at 2,400.72 after falling some 60 points earlier. The Hong Kong Index shed 19.20 to
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    • 274 9 OCC 06 WT 1 Kolin 24 90 unch Kuochan Dev 21 00 unch 1 All Sincere Indue 1 81 -0 03 Laa Chang Yuan 30 10 0.7 1 27 40 unch Cham Indus 1 33 30 -0.1 Lian Hwa Indus 20 40 0.1 1 38 50 -0 1 Nan
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    • 422 9 Reuter TOKYO: Stocks closed slightly higher yesterday in active trading as institutions bought in expecta- tion of a year-end rally, brokers said. Wall Street s advance to record levels and expectation of a US rate cut also boosted sentiment. The market average closed 13.52 higher, at 18,637.47. Strong institutional
      Reuter  -  422 words
    • 108 9 Dec M Owl Sugar WON 1800 -20 Kai Kangwon Ind 1270 1075 181B -45 -10 -21 Daailm Ind 540 -10 2030 -70 Daewoo Corp 1180 -12 1700 -70 Daawoo Haavy 1370 -30 Lucky Ltd 1730 40 Daiahm Securities Dong Ah Ptiar 3700 830 -150 5 Oriantal Brewery 1330 1740
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    • 450 9 SYDNEY: Australian share markets closed at record highs yesterday, surpassing Thursday s highs in a market boosted by speculation of a counter offer for Herald Weekly Times Ltd by Robert Holmes a Court's Bell Group, brokers said. At the close, the All Ordinaries had risen 9.2 to a record
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    • 57 9 Dec 06 pesos Marcoppar 1 42 0 02 Oriantal B Phil Ovtruu 0 025 0 033 unch 0 001 Philax B 039 0 02 unch PLOT 262 SO -75 -05 Basic Patrolaum UflCft 0017 0 001 Sima Darby 24 50 -1 First Phil Hktga Lapanto B 830 012 unch
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    • 175 9 Reuter THE New Zealand Commerce Commission will investigate a proposed takeover of NZ Forest Products Ltd by Fletcher Challenge Ltd. The commission noted the market shares of the companies were high in various product areas. It said an interim report showed the merged concern would
      Reuter  -  175 words
    • 402 9 Reuter PROTECTIONISM and the high cost of developing new technology are forcing US, Japanese and European electronics companies together, changing the shape of the world electronics sector, industry analysts said. In the latest such move, Japan's NEC Corp and France's Compagnie Des Machines Bull will become
      Reuter  -  402 words
    • 195 9 Reuter INDIAN COMPANIES will raise a record 12 billion rupees in the next two months through share, debenture and bond issues despite a bearish market. Brokers said India's stock markets had lost some of their glitter due to recent setbacks,
      Reuter  -  195 words
    • 125 9 Reuter INDIA'S three private car makers, saying the industry is in crisis following a government decision last week to withdraw tax concessions, warned of sharp price increases ranging from 27 per cent to 39 per cent. They said higher taxes will hit mainly recently-introduced
      Reuter  -  125 words
    • 94 9 Reuter INDONESIA is offering credit facili"» ties to prospective foreign buyers of its planes to help boost its aircraft industries. The official Antara News Agen-". cy quoted central bank governor Arifin Siregar as saying that a number of foreign firms, which hactn expressed interest
      Reuter  -  94 words
    • 62 9 Reuter HONDA MOTOR Co Ltd said its 13.5 per cent-owned Taiwanese.. joint venture, San Yang Industry Co, would supply motorcycle en- gine parts to its Malaysian joint venture, Hicom Honda Manufacturing Sdn Bhd, replacing exports from Japan. Hicom Honda, 50 per cent owned by
      Reuter  -  62 words
  • Page 9 Advertisements
    • 201 9 <&! M If v, i 7Tg &K3 555r. w r sr 9* ir.S> Start of A New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood, Gado Gado. Sate (Satayl. spicy Rendangs. Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half
      201 words
    • 133 9 Sa übertu* @rfll 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 children Prices
      133 words
    • 158 9 Exciting a la carte menu of Asian and European favourites Daily Set Lunch (Local. Western Indonesian) Every Saturday Buffet Lunch plus Exciting Fashion Show SINGAPORE g_g m g romnsufa note 9 3 Coleman Street Tel: *****00 Exclusive Pool Membership for only $15 a month For as low as $15 a
      158 words
    • 183 9 THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon at an ungourmet price' For starters, take your pick of our cold dishes prawns on ice fresh oysters smoked salmon, melon and dried ham. vegetable terrine. mixed seafood salad, cooked assorted vegetables and homemode dressings Select your main
      183 words
    • 147 9 M°*pop"£L Show Band from Tha BUFFET SNACKS Eat all you can plua flrat drink $8.50— spm Bpm M, *4 Singapore's very own Slim Whitman with country favourites and Happy Hours: 12 noon 7pm Buy ona A oaf one Premium Brands bottla rataa 25% off X CAIRNHILL HOTEL 19 Cairnhill Circte.
      147 words

  • SHARE INFORMATION
    • 4215 10 THE SINGAPORE market again closed mixed after a session of unenthusiastic trading yesterday. However, the mixed finish of 76 gainers to 68 losers obscured the fact that there was a pick-up in demand for heavyweight blue chips. Some brokers interpreted this as
      4,215 words
    • 214 10 SINGAPORE Rises indkat VJ> >T 712*28 7*5J7 J ,S IT Mtcotor ******62 261*9733 5 1 t J "Ot/OS -14* -30 WaoniH 4*2 +10 8TCA0I -6812 -**09 K*M*rSpor. 340 8 »T 08V *7*077 +79*12 N° l ST Indwrrtot, U*i4 8*9 99 CanhmSO *1 T? STHnaw. 2045.68 2054.39 21®
      214 words
    • 3170 10 610 and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,170 words
    • 289 10 KE8ANG CORPORATION Bertiad: 25th AGM at the Cempaka Room, Mezzanine Floor, Hotel Equatorial, Jalan Sultan Ismail, ***** Kuala Lumpur on Monday, Dec 8, at 10am. SEAL INCORPORATED Bertiad: 24th AGM at Site No.30, Tasek Drive. Tasek Industrial Estate. Ipoh, Perak, Malaysia on Monday. Dec 8. at 2.30pm. CHUAN
      289 words
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  • COMPANY NEWS
    • 489 11  -  By ELAINE KOH PROMET BHD. the troubled marine engineering and oil exploration group, has presented a new debt restructuring proposal for consideration by its bankers. The proposal, made to the banks a few days ago, is believed to entail a part payment of
      489 words
    • 239 11 PROPERTY-BASED Bonvests Holdings Ltd is proposing to raise $25 million through a one-for-four rights issue. Bonvests is pricing the 38.477 million new rights shares at 65 cents, compared with last night's closing price of 93 cents. The new shares will rank equally with
      239 words
    • 403 11 SELLERS dominated trading on the Kuala Lumpur stock market yesterday. Selected issues incurred heavy losses in active trading while the rest of the market remained in the doldrums. News that Deputy Agriculture Minister Alex Lee, who owns a major stake in
      403 words
    • 807 11 SHARES opened mixed in quiet trading yesterday at the end of the account, with gainers mainly reflecting selective buying for the new account. The slightly lower close on Wall Street had little impact. At 0915 GMT, the FTSE 100 was down just 0.4 at 1,609.7. On Thursday, the
      807 words
    • 528 11  -  By AMY CHEOK MORGAN GRENFELL (Asia) Ltd yesterday submitted an application to team up with local stockbrokerage Su E-Min Co to the Stock Exchange of Singapore. The non-executive chairman of Morgan Grenfell's office in Singapore, Ng Soo Peng, told a press
      528 words
    • 152 11 MALAYAN BREWERIES Ltd has ended its latest financial year with a 26 3 per cent increase in group net profit to $49 million in spite of a marginal decline in turnover to $537.99 million. Earnings per share rose to 38.7 cents compared with
      152 words
    • 506 11 MBT. THE EMPORIUM GROUP in Malaysia has begun discussions with its creditor suppliers to work out a gradual repayment of its debts. Meetings will be held in the northern, central and southern regions, sources said. Sources said that Emporium and Supermarket Holdings
      MBT.  -  506 words
    • 2012 11 810 and offer prices officially listed end business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified INDUSTRIALS Ajinomoto (2906 3025) II» 288 Aleom (7551 ID 71
      2,012 words
    • 247 11 Managers' prices for Dec 6 8 Singapore Unit Trust The Commerce 0 86 095 The So«<ngi Fund 080 0 86 S'por# Prog Fund 0 34 0 38 S pore Sec Fund 0j8 063 S pore Invest Fund 068 073 S pore Equity Fund 040 044* Asia Unit Trust
      247 words
    • 117 11 HONGKONG Hongkong Index Friday 1524 96 Thursday 1544 18 Week ogo *****1 Hang Seng Index Friday 2400 72 Thursday 2430 52 Week ogo 2418.75 All Industrials Friday 2275.6* Thursday 2253.2 Week ogo 2191 NEW YORK Dow Jones Thursday 1939 68 Wednesday 1947.27 Week ogo Closed TOKYO Nikkei Average
      117 words
  • Page 11 Advertisements
    • 10 11 M onagers ust anage BT shows you how every Monday.
      10 words
    • 160 11 NOTICES la tbe Matter ti THE COMPANIES ACT (CHAPTER 185) AND In the Matter M TONGLY PRINTING (PTE) LTD (la Members Yaloatary UqnldatiM) NOTICE OP PINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 185, the final meeting of the members of the
      160 words
    • 137 11 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, John Tay Syed Partners hereby give notice that we have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant Shipping Act (Chapter 172, 1970 Edition), in respect of the ship "Star Tanker No 6" Official Number *****6
      137 words

  • 410 12  -  Venture has authorised capital of $500,000 By ALVIN TAY THE OVERSEA-CHINESE Banking Corporation, the only Big Four' local bank without a unit trust, has applied to the relevant authorities for permission to join its three counterparts. The bank recently set
    410 words
  • 397 12 SINGAPORE'S nine Muslim Members of Parliament yesterday issued a statement saying it is the government s right to invite leaders of countries with which the Republic has diplomatic relations. The MPs are Or Ahmad Mattar, Haji Sidek bin Saniff, Yatiman bin Yusof,
    397 words
  • 283 12 AFP, AP JAPAN'S Gross National Product is expected to grow by only 2- 3 per cent in real terms in the fiscal year ending March 1967, against a projected 4 per cent growth. Official sources made the prediction following an announcement yesterday
    AFP,; AP  -  283 words
  • 110 12 Bernama MALAYSIA has never held talks with Western governments to draw up a new agreement to replace the Sixth International Tin Agreement, Deputy Primary Industries Minister Datuk Radzi Sheikh Ahmad told Parliament yesterday. On the International Natural Rubber Agreement, he said
    Bernama  -  110 words
  • 243 12 Bernama MALAYSIAN Foreign Affairs Minister Datuk Rais Yatim said yesterday the Malaysian government opposed only Zionism and not the Jewish people or the existence of Israel, as had been assumed by several countries. He said many countries had misconstrued
    Bernama  -  243 words
  • 108 12 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday gave an assurance that all cases to be prosecuted under the Official Secrets Act would undergo more careful study in view of the stiffer penalties proposed in the amendments to the Act. The Prime Minister
    Bernama  -  108 words
  • 525 12 AFTER spending the past four weeks in consolidation, most trustee stocks have fallen between 10 per cent and 15 per cent from their recent highs enough to make them attractive once again to bargain-hunting investors. Moderate buying by local and foreign institutions of such
    525 words
  • 119 12 BRUNEI COMMUNICATIONS Minister Pehin Dato Haji Abdul Aziz arrives this afternoon for a five-day official visit. The minister's itinerary begins on Monday with visits to Singapore Automotive Engineering (SAE), part of the Singapore Technology Corporation group of defence companies, and to the
    119 words
  • 113 12 A MAJOR conference on Asean economic cooperation and integration will be held next February, disclosed the Asean-Chambers of Commerce and Industry yesterday In preparation for the conference. each constituent chamber will gather views from its members. The Asean-CCI, which ended its 29th
    113 words
  • 65 12 Reuter THE PHILIPPINE government yesterday approved a 1987 budget which depends on rescheduling foreign debts and allocates almost 40 per cent to debt servicing. Budget Minister Alberto Romulo said the U555.73 billion 1987 budget also allowed for a 45 per cent rise in spending on social
    Reuter  -  65 words
  • 362 12  -  By RICHARD SEAH SKILLS AND TECHNOLOGY the Burmese Way was the highlight of yesterday's visit to the scenic Lake Inle by First Deputy Prime Minister Goh Chok Tong. On the third day of a five-day visit to Burma. Mr Goh and
    362 words
  • 221 12 Reuter THE GOVERNOR of Hongkong, Sir Edward Youde, died in his sleep in Beijing on Thursday night, but business leaders in the British colony said that his death was unlikely to harm business confidence there. Sir Edward, 62, was found dead yesterday morning
    Reuter  -  221 words
  • 83 12 Reuter COMEX GOLD FUTURES drifted higher on mixed buying by local traders and commission houses in thin morning business yesterday. Gold for delivery in February was up US$O.6O at U*****.30 an ounce after backing down from a high of U*****.30 < Analysts said dealer houses were scale-up sellers
    Reuter  -  83 words
  • 67 12 Reuter WALL STREET prices were slightly higher in active early trading yesterday. Traders noted some early buy programme activity that provided a boost. Bonds offered little aid to stocks as a larger than expected rise in November non-farm payrolls tempered interest rate cut hopes. The Dow Jones
    Reuter  -  67 words
  • LATE FILE
    • 47 12 Reuter THE Malaysian Parliament yesterday approved controversial amendments to the Official Secrets Act making a minimum one-year jail term mandatory for anyone convicted of possessing secrets without authority. The government said that the changes would deter leaking of secrets. Reuter See this page
      Reuter  -  47 words
    • 62 12 Reuter THE US unemployment rate remained unchanged at 7 per cent in November for the third straight month, the Labour Department said yesterday. Financial analysts said that the data and other recent economic figures suggested that the pace of the economy was still slow
      Reuter  -  62 words
    • 39 12 Reuter TAIWAN'S trade surplus jumped to U5514.21 billion in the first 11 months of 1906 from U559.67 billion a year ago, according to figures released yesterday. External trade rose to US$5B.Ol billion, against U5546.57 billion.
      Reuter  -  39 words
    • 65 12 Reuter SWITZERLAND had a negative annual inflation rate in November for the first time in more than 26 years because of the collapse in oil prices and the strength of the Swiss franc. The consumer price index fell 0.1 per cent in the year to November.
      Reuter  -  65 words
    • 46 12 Reuter CHINA has discovered an oil and gas reservoir with oil reserves estimated at 20 billion barrels in an area of 220,000 sq km extending over Jiangsu. Zhejiang, Anhui and Jiangxi provinces, the New China News Agency said yesterday. Reuter
      Reuter  -  46 words
    • 72 12 Reuter THE INDIAN authorities put the army on full alert in New Delhi yesterday as seven people were feared killed in a battle outside Delhi's largest Sikh temple during which a Sikh youth drove a truck into police lines, killing three policemen. Two other people
      Reuter  -  72 words
    • 40 12 Reuter ISRAELI security forces shot dead a 14-year-old Palestinian youth at a refugee camp in the occupied West Bank yesterday following the killing by soldiers of two Arab student demonstrators at Bir Zeit University on Thursday.
      Reuter  -  40 words
    • 35 12 Reuter FRENCH Prime Minister Jacques Chirac's government, refusing to yield to a wave of student protests, yesterday vowed to press ahead with its controversial plan to reform French universities. Reuter
      Reuter  -  35 words
  • Page 12 Advertisements
    • 0 12 ({[><(^]<>'"+&,==&:}}`?_);\,.}[
      0 words
    • 62 12 BG Ln calls for united efforts, Pags 2 I I I Vi tSi m l\ 1 r* /> -"ffT" \-v Bull speed ahead: The stodanarket charges on Executive gifts: Chargeable and otherwise A changing picture: The video trade shapes up House-hunters are going for landed properties My Fair Gentleman: Career
      62 words
  • Page 12 Miscellaneous
    • 51 12 Outlook: Fair sxcapt for a law ahowara In tha afternoon. Raport for 24 houra prior to 7.30pm on Dac Sat tha airport Maximum temparatura 31.5 Aaaociated humidity 68 Minimum temparatura 24.7 Aaaoclatad humidity 97 Houra of sunshine S.lO Rainfall in mllllmatraa nil Rainfall thla month 54.3 Rainy daya thla month
      51 words