The Business Times, 19 July 1986

Microfilm: NL15469
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, JULY 1», 198« 75 CENTS
    12 words
  • Article
    Malaysians go to the polls on Aug 2, 3
    385 1  -  By BRIAN GOMEZ, Regional Correspondent THE MALAYSIAN government yesterday dissolved Parliament nnri announced that a snap election, possibly the most critical in 17 years, will be held on Aug 2 and Aug 3. Malaysian Prime Minister Datuk Dr Mahathir Mohamad said:
    385 words
  • Article, Illustration
    Hong Fok defaults on loan repayment for Concourse
    644 1  -  Group given seven days to make good shortfall By LORETTA McLAUGHLAN,ALVIN TAY DEBT-LADEN property group Hong Fok Corporation has run into problems keeping to its loan repayments schedule. Hong Fok Land Pte Ltd, a wholly-owned subsidiary which is developing The Concourse a
    644 words
  • Article
    DBS Bank to cut prime rate to 6.5pc
    441 1 DBS BANK will cut its prime lending rate by one-quarter percentage point to 6.5 per cent from Monday the first reduction by a major local bank since August last year. The new rate, the lowest quoted by DBS Bank in nine years,
    441 words
  • Article, Illustration
    STOCK MARKET
    68 1 SHAKE PRICES eased sflahtty aevess a Imi (mt at the leeai stock exchange an a lack st fU-lew-threagh baying yesterday. The absent* si wy flash factors deaf en saM. Same csaeerned hslders came In to if re (Mr beaks ahead sf the weekend and aatlcipatod TSt'the etose, the
    68 words
  • Article, Illustration
    These three are millionaires
    407 1 THREE SIA directors have made it to the ranks of the country's millionaires, thanks to the surge in share prices and greatly increased holdings in company stock. Topping the list is SIA deputy chairman Lim Chin Beng, SlA's 15th largest shareholder with 566,000 shares held on
    407 words
  • Article
    Ng Teng Fong making comeback to stock market
    626 1  -  By AMY CHEOK LOCAL PROPERTY tycoon Ng Teng Fong is making a comeback to the Singapore stock market. Mr Ng, who heads the Far East Organisation group, is negotiating with the Metro group for its controlling 53.32 per cent stake in Transmarco
    626 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      156 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM /7a\Z\J\U Spacewand Featuring arcflow shafts scientifically-designed with different flex points on each club. Available in both graphite and steel. Each club head is endowed with its own progressive centre of gravity for a more balanced swing. The MIZUNO Spacewand. Mastercrafted for total golf enjoyment.
      156 words
    • Advertisement
      Page 1 Advertisements Column 2
      227 1 MONEY ft EXCHANGES RAW MATERIALS AMCRAFT SCHEDULE TV ft RADIO BRISTOW OUR VIEW FOR A SOCIETY to become more courteous, it is not enough to troin those in the service trades. Those served must leorn to occept courtesy graciously, to tolerate shortcomings and not to demand courtesy as a matter
      227 words
    • Advertisement
      Page 1 Advertisements Column 3
      5 1 `@=;&/=!-`;-"??/[<{|+;'"{@(|")' BADE plans comtback, Pagt 2
      5 words
    • Advertisement
      Page 1 Advertisements Column 4
      187 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC The Goffer'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. M 4 0 SPALDING'S It took Spalding 3: yeatr\ to develop tf"- revolutionary Zmthane t nvf an
      187 words
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  • HOME NEWS
    • Article
      SADE plans comeback
      320 2  -  Duty-free emporium wants to tender for Changi Airport shop By LIM SOON NEO SINGAPORE AIRPORT Du-ty-Free Emporium (Private) Ltd, which ceased selling du-ty-free goods at Changi Airport in July last year, is hoping to make a comeback. According to the latest SIA annual report, SADE hopes to
      320 words
    • Article, Illustration
      Getting to the roots of conservation
      539 2 CONSERVATTON is not a luxury item or a plaything for the rich and the well-settled in Europe or America. All cities need a spiritual anchor to the past or their people face cultural suicide. But in a presentation at the Urban Planning, Housing and
      539 words
    • Article
      Pump prices for petrol likely to be cut soon
      148 2 ANOTHER cut in the pump prices of petrol can be expected soon. Such a prospect came about when the Singapore Petroleum Company (SPC) cut the wholesale prices of petrol yesterday. It is the fourth oil company out of the six in
      148 words
    • Article
      Exercise on how to give blood in an emergency
      111 2 EMERGENCY BLOOD collection exercises, beginning with one in the Serangoon Gardens constituency next month, will be held over the next few years to familiarise the public with the procedure. Residents between 18 and 60 of all Mood groups will be invited
      111 words
    • Article
      Parliament's July 29 sitting to include casino issue
      362 2 PARLIAMENT will sit on July 29. Issues to be discussed or debated will include HUDC prices, its financing and sale; the setting up of a casino; the granting of employment passes and work permits; the promotion of services abroad. Dr Wong Kwei
      362 words
    • Article
      MRT survey on likely users of system
      121 2 PEOPLE with lower income appear more willing to travel by the Mass Rapid Transit (MRT) system than those in higher income groups. A survey "MRT It's likely influence on travel patterns" shows that non-car owners are more willing to use the MRT than
      121 words
    • Article, Illustration
      HP set to ring up sales with new hand-held calculator
      327 2 HEWLETT PACKARD is launching a new computer which is not only revolutionary, but could mean dollars for Singapore as well. Its local marketing company, HP Singapore (Sales), will begin selling the 18C hand-held calculator from Monday while manufacturing subsidiary HP
      327 words
    • Article
      British antennae maker seeks sub-contractor
      508 2  -  By MARTIN SOONG ANTENNAE maker Wave Com Ltd is looking (or a company to make its range of walkie-talkie and mobile telephone antennae in Singapore. The sub-contractor will also market the antennae in the region. The British company, which is a subsidiary of Wave Com
      508 words
    • Article
      SHIPS IN PORT
      793 2 1. AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Auby Equator Frengchi E'tem Glory Equator 3 Honashounshan ton Battotah Jenhol Lampung V'hva Madhuri Yuheng No 2 Posir Ponjong Canopus2 Fedor Petrov Turbo Capt Sinbad Kurudhooni Niaga 39 Ocean Elite Oriente Reina Pa An Pac Samudra
      793 words
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  • ASIA-PACIFIC
    • Article
      Lock icon US chip makers in bid to fight off competition
      337 3 FT THE US semiconductor industry is working on a "master plan" to fend off Japanese competition, according to Charles Sporck, the president of National Semiconductor. The plan is expected to call for massive government and industry funding of a joint manufacturing
      FT  -  337 words
    • Article
      Lock icon America and EC to take joint trade stand against Japanese
      230 3 AFP THE US and the European Community are to join forces in order to protect common trade interests against Japanese protectionism, French External Trade Minister Michel Noir said. This common approach is based on the observation that "a huge trade
      AFP  -  230 words
    • Article
      Lock icon Target zones planned for forex control
      121 3 AFP THE TRILATERAL Commission, made up of leading figures from the US, the EC and Japan, has proposed the creation erf target zones for exchange rate stabilisation. In a report released simultaneously in Tokyo, Washington and Brussels on Thursday, the commission said: "We are
      AFP  -  121 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      842 3 ARRIVALS Operator mmrAMK Local tWlM From SIA UA CAL QA OA UTA MK SQ1I7 UA805 0333 GA7102 GA7202 UT354I MK746 0005 0010 0315 0345 0535 0600 0755 KUL JFK/SFO/HKG TPt HLP HLP NOLI MRU MAS KAL cv MAS MAS AC SIA CPA MH681 KE624 CV796 MH811 MH671
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    • Article
      Lock icon Yeutter opposes change to laws on import relief
      236 3 Reuter EXISTING PROCEDURES for granting relief to US industries being hurt by competition from imports are working well and should not be changed. US Trade Representative Clayton Yeutter said this in testimony to the Senate finance committee on Thursday. He was responding
      Reuter  -  236 words
    • Article, Illustration
      Lock icon Reagan says his trade policy will cut deficit
      424 3 UFI PRESIDENT RONALD REAGAN has predicted that his foreign-trade policies will cut an expected US$l6O billion annual trade deficit later this year. Addressing corporate and trade-association leaders on Thursday, Mr Reagan answered criticism that the administration had no consistent trade policy and
      UFI  -  424 words
    • Article
      Lock icon House reaffirms spending cuts
      260 3 AP THE HOUSE OF Representatives has voted overwhelmingly to reaffirm US$ll.7 billion in US government spending cuts made last March but recently thrown into question by a Supreme Court decision. A joint resolution was approved 339-72 on Thursday after Democratic and Republican leaders said failure to
      AP  -  260 words
    • Article, Illustration
      Lock icon US signs accord on advanced technology with Pakistan
      356 3 Reuter THE US and Pakistan have signed an agreement allowing Tgiamahnri to buy advanced technology that US officials said contained tough guarantees banning its use in Pakistan's controversial nuclear programme. The officials would not give any details of the accord, signed on
      Reuter  -  356 words
    • Article
      Lock icon Presidential system favoured: Korean polls
      126 3 AFP SOUTH KOREAN voters prefer the presidential government system as the form of the next government to be inaugurated under a new constitution. An opinion poll revealed yesterday that 43.3 per cent of the 1,025 eligible voters surveyed preferred the president-led government system while 19.4
      AFP  -  126 words
    • Article
      Lock icon Tax rise likely to be rejected
      89 3 Reuter A TOP administration official has said that President Reagan would oppose a tax increase to balance the federal budget even if the US economy spins into a recession next year. James Miller, director of the White House Office of Management and Budget (OMB),
      Reuter  -  89 words
    • Article
      Lock icon Democracy needed for reform: Chinese leader
      250 3 AFP CHINA'S economic reform requires political reforms, including a high level of democracy, a complete legal system and greater efficiency, a key Chinese youth said. In a speech published on Thursday, Wang Miaoguo, a rapidly rising supporter of top Chinese leader Deng Xiaoping, said
      AFP  -  250 words
    • Article
      Lock icon One man's offal is another's gastronomic delight
      504 3 AFP MILLIONS of tonnes of animal offal, once destined for the bin, are being shipped to Hongkong from the West to satisfy the gastronomic demands of Hongkong Chinese gourmets. In the past decade, Hongkong food importers have been buying vast quantities of waste
      AFP  -  504 words
    • Article
      Lock icon Enrile against all-out military solution to insurgency
      145 3 Bernama PHILIPPINES Defence Minister Juan Ponce Enrile has said he favoured a moderate, not military, solution to the 17-year guerilla war in the country. "But if it is the wish of the national leadership to use a military solution to this problem, I
      Bernama  -  145 words
    • Article
      Lock icon Subordinates allowed to criticise Chinese officials
      106 3 AP THE SUBORDINATES of 1,000 leading Beijing officials have been allowed to evaluate the leaden' work in a campaign to get rid of cumbersome bureaucracy. The official Xinhua news agency said on Thursday the drive was initiated by the municipal Communist Party committee and
      AP  -  106 words
    • Article
      Lock icon China's savings rose in first six months
      205 3 AFP SAVINGS were up, adequate credit was available for production, and foreign exchange reserves stabilised in the first half of this year, said the head of China's central bank. State Councillor Chen Muhua, the head of the People's Bank of China, said that
      AFP  -  205 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      72 3 Doonesbury ST.AUSTEUr GOING TO THE in-THE-M/YK. rmhbmng, KXJMUST mmuep! uhereare THEY HAVING ITT UESTMNSJK ABBEY. A RETURN TO THE, TRAPmONSETBY HENRI I WITH HIS MARRIAGE TO MATUM OF SCOTIANPNIIOO. r? 313! BY GARRY TRUDEAU PRINCE ANPREHtS MLL BE THE HW PCHALUBMNG HELP IN THE ABBEY. THER&VB ALSO BEEN *7 CORONATIONS,
      72 words
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  • REST OF THE WORLD
    • Article, Illustration
      Lock icon Britain softens stand against sanctions
      513 4 Thatcher drawing up contingency moves against Pretoria UPI BRITAIN has apparently shifted its hard-line stance against economic sanctions on South Africa in a bid to stave off a total boycott of the Commonwealth Games and the collapse of the union of former British colonies. Prime
      UPI  -  513 words
    • Article
      Lock icon America pledges US$2.8b to World Bank loan agency
      313 4 Reuter THE US HAS pledged US$2.B billion over three years to the International Development Association (IDA), a World Bank agency which makes interest-free loans to the world's poorest countries. The US pledge, made at a two-day meeting of IDA'S 34 donor countries,
      Reuter  -  313 words
    • Article
      Lock icon Kremlin supports Opec's effort to stabilise prices
      412 4 AP A TOP SOVIET official said the Kremlin would support Opec's efforts to stabilise the oil market and agree on "just" oil prices, the Kuwait News Agency reported. Konstantin Katushev, a member of the Soviet communist party's Central Committee, told the agency on
      AP  -  412 words
    • Article
      Lock icon West's technology lead halved
      241 4 Reuter US DEFENCE Secretary Caspar Weinberger said the Soviet Union had halved the West's lead in technology, to six years or leas, in the past decade. "Regrettably, the Soviet programme of technology acquisition has been highly successful," Mr Weinberger said on Thursday. "The Soviet programme has
      Reuter  -  241 words
    • Article
      Lock icon Belgian fund for crime victims
      96 4 AP U THE BELGIAN government has set up a fund to compensate v crime victims and relatives of people killed In a crime. The fund would pay compensation If crimes were committed with the intent to kill, injure or damage, said Justice Ministry spokesman Francis
      AP  -  96 words
    • Article
      Lock icon Pretoria cuts growth estimate to between 1.5 and 2pc
      196 4 Reuter THE South African government, confirming recent predictions by economists, has reduced its forecast for real economic growth this year to between L 5 per cent and 2 per cent from the previous estimate of 3 per cent. South Africa has
      Reuter  -  196 words
    • Article
      Lock icon US taxes: its burden and relief
      213 4 AP MORE THAN HALF the richest corporations in America paid no federal income tax in at least one of fiie past five years. Citizens For Tax Justice, a labour-financed research group, said on Thursday that 250 profitable giant corporations paid an average tax rate
      AP  -  213 words
  • RAW MATERIALS
    • Article
      RUBBER
      312 4 BMGAPORE The market closed higher yesterday with August One RSS buyers quoted at 178.00 cents a kg, up 1.50 cents from Thursday. The morning session gained 1.50 on some buying support and weekend covering interest in quiet trading. Prices rose in early afternoon on short-covering following higher Japanese advices
      312 words
    • Article
      WHEAT
      167 4 WHEAT FUTURES on the Chicago Board of Trade dropped after midday on light profit-taking in a thin market on Thursday, and closed 2'/t to 5V* US cents a bushel lower. Early selling impetus stemmed from a statement hy the US Deputy Secretary of Agriculture saying USDA Secretary Lyng opposed
      167 words
    • Article
      RICE
      57 4 Bangkok (USS/tonn*. FOB) Whit* Rice 100% 1st doss 255 100% 2nd class 220 100% 3rd class 215 5% 10% 205 200 Broken Rice A-l Super 118 A-1 Special 115 C-l Special C-l Ofd unq unq Loonzoin Rice 100% 1st grade 100% 2nd grade XI 100% 3rd grade unq Parboiled
      57 words
    • Article
      RAS and MRELB
      304 4 RAS prices m S c(*ti% FOB in I NOON CLOSE *-M- jinin Bwyora 5 ell en Int 1 RSS Prompt 179.00 180 00N 179.50 180.50N Int 1 RSS Aug 86 177.25 177.75 178.00 178 50 Int 1 RSS S«pt 86 177.50 178.00 179.00 179.50 Int 2 RSS
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    • Article
      SSR and SMR
      105 4 (cents/kg, 1-to« pollets) AUG 86 SEPT 86 (currant month) (forword month) NOON NOON RAS lnyin S«H«n Buyers Sellers SSR 20 160.50 I62 50N 161 00 163 00N SSR 50 157 50 159 50N 158 00 160 00N MRELB Buyers StNtn Buyers Sellers SMR CV 235 00 237
      105 words
    • Article
      Lock icon China set to buy less farm produce
      92 4 AFP HUGE CHINESE harvests this year will dampen proapects for US farm exports. A US agricultural department report also said that large Chinese stock-. piles of some commodities might pot China for the first time In competition with the US as an exporter.'
      AFP  -  92 words
    • Article
      KL Tin
      92 4 SKUAS sort Hi prion •a Ike Keala Lemper Tie Market down twe cents to tpM Mtac raMfty, te etaee etlftl4Jl per kg fren Tfcenday. Triid tomenr Ml to sa Thersday, to spite of wttoeod geed mum by mm miners. Other* kept to the sidellan, awaiting higher prieee. Ae
      92 words
    • Article
      PALM OIL
      182 4 MALAYSIAN crude palm oil prices weakened on speculative selling and buyers' reserve to the day's lows yesterday, in sympathy with the weaknew in palm oil futures and a lower Chicago soyoil futures close. India's failure to buy palm oil at its weekly import tender on Thursday also weighed
      182 words
    • Article
      Produce exchange
      140 4 ChintM Product Exchange SfNffi room dosing pcvc#f Oi My IS (SI/100 kg). Coconut oil Bufc.FOB 41.00 Old drum FOB 61.00 New drum FOB 65.00 Copra Mixed (loose) 26 buyers Pepper Murrtok White FOB NLW 1137.50 Sarawak White FOB foq NLW 1122.50 Sarawak special block FOB NLW 862.50 Sarawak
      140 words
    • Article
      SOYBEAN
      179 4 SOYBEAN FUTURES on the Chicago Board of Trade extended mid-aearion losses on active profit-taking and prices closed mostly 6 V* to 7V« US 9ents lower on Thursday. Spot July eked out the only gain. Forecasts calling (or scattered rain and cooler temperatures in hot, dry soybean growing areas next
      179 words
    • Article
      LONDON MARKETS
      807 4 COFFEE Robusta futures closed with pared gains of £37 to £45 per tonne on Thursday as prices retreated off highs in afternoon trading. Most dealers described the afternoon reversal as no more than a pause in the strodg upside trend seen since late last week and said concern
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  • BANKING AND FINANCE
    • Article
      S'pore ranks third in ATM-people ratio
      429 5  -  Japan and US take first and second place By SOH TIANG KENG, Financial Correspondent SINGAPORE, which boasts 200 automated teller machines per one million people, is ranked third in the world in the number of ATMs installed for its population, according to a study
      429 words
    • Article
      Lock icon Wellington acts to open up country's banking system
      374 5 FT THE NEW ZEALAND Labour government on Thursday introduced one of the most important Wwanrtai measures since coming into office with new legislation opening up the country's banking system to any financial institution which can meet the necessary criteria to operate a
      FT  -  374 words
    • Article
      Lock icon Hopes fade that UK will join European Monetary System
      506 5 Reuter AS BRITAIN'S six-month stint as the president of the European Community gets under way, expectations are fading that it will crown its tenure of office by becoming a full member of the EC's joint currency float, the European Monetary System.
      Reuter  -  506 words
    • Article
      Lock icon Governments reschedule Cuban credits
      172 5 FT WESTERN GOVERNMENTS have agreed to reschedule their credits to Cuba, which is wrestling with a shortage of foreign exchange as a result of a shortfall in export receipts from sugar and refined oil products. The agreement was reached late on Wednesday night in negotiations between
      FT  -  172 words
    • Article
      Lock icon Thai bank not intervening in baht's rise
      183 5 Reuter THE Bank of Thailand would not intervene to halt the steady rise of the baht against the US dollar, said deputy governor Chavalit Thanachanant on Thursday. The baht was fixed at 26.15 to the dollar on Thursday, its highest level in seven
      Reuter  -  183 words
    • Article
      Lock icon Good response to India fund
      58 5 Reuter A FUND created in London to encourage foreign investment on India's booming stock exchanges has received overwhelming response. Merchant bankers in Bombay said yesterday that investment trusts in Britain had indicated their willingness to subscribe fully to the £60 million India fund which opened
      Reuter  -  58 words
    • Article
      Lock icon Facing up to a black market instrument
      431 5 AFP CHINA HAS YET to decide on how and when to abolish foreign exchange certificates (FEC), the special currency that has spawned a thriving black market. A senior Chinese banking official said on Thursday that "the departments concerned have yet to make a
      AFP  -  431 words
    • Article
      Lock icon Tsarist bond accord may open doors
      469 5 Reuter THE UNEXPECTED announcement of an accord to resolve a long-standing Anglo-Soviet dispute over repayment of Tsarist Russian bonds could open Eurobond and domestic UK markets to Soviet borrowers. Banking sources said that while bankers in the UK were unaware of any immediate Soviet
      Reuter  -  469 words
  • MONEY AND EXCHANGES
    • Article
      Forex markets
      641 5 SINGAPORE The US dollar closed firmer against most major currencies in thin late trading yesterday on short-covering and position adjustments ahead of the weekend. But its sentiment remained bearish due to the sluggish US economy, which was further reinforced by Thursday's fall in June housing starts. The dollar
      641 words
    • Article
      Gold
      240 5 HONGKONG: The metal closed slightly lower in moderately active trading yesterday mainly on light local selling. Bullion ended at U*****.10/4O an ounce compared with New York's U*****.60/348.10 close and the USS347JO/SO finish here on Thursday. On the local market gold lost HK$5 to end at HK53,219.50 a tael. Krugerrand
      240 words
    • Article
      Money markets
      122 5 THE OVERNIGHT rate on the Singapore interbank money market closed at 4 per cent yesterday, down 1/2 point from Thursday's close. The one-month term rate fell by 1/16 point, the two-month by 1/8 and the three-month by 3/16. S$ Interbank rotes at 7pm yesterday: Off* ltd Ov«frught 4
      122 words
    • Article, Illustration
      Treasury bills
      59 5 RESULTS OF TENDER held on July 18 for 91-day bills to be issued from July 21 to July 25: Offered: $100.000.000 Appßsd far: 1233,500.000 Allotted: 1100,000.000 Accepted bids: $99.35 approximately 59 per cent, higher bids in fi^^^ allotment: 2.595 per cent per annum. Mote Mm «wry tt Mm
      59 words
    • Article
      Foreign Exchange
      175 5 1 inTtfDanK raic Cwrsnriee W I' 1 day- Hd r— SE25 Local Mhrt to CM MMt tf fMfR US dolor Storing pound Auttraban doiar NZ dolor Canodton dolor 2.1860 3.2910 1.3964 1.1673 1.5887 2.1870 3.2947 1.3981 1.1711 1.5900 2.8196 7.3469 ***** 3 4286 ***** -22.47 •55.21 -59.27 -65.95
      175 words
    • Article
      Asian $ market
      273 5 Asian market ASIAN DOLLAR deposit rates closed steady yesterday at slightly firmer opsaiag levels la quiet pre weekend trading. Short-dates aad period rates gained 1/1* point at the outset followiag a steady US federal funds rate aad a weaker US bond prices. Thereafter rates —a—. were tittle cnangeu. Most operators
      273 words
    • Article
      Lock icon Simex
      408 5 BA Futures SEPTEMBER toilihr opened unchanged yesterday tram Thursday's CME and Sbnex closing level at 9339 but eased marginally to 9857 in thin trading. Litfe opening saw further selling prtasurt with the September contract slipping to close at the day's km of «156. Currency futures opened lower than Thursday's
      BA Futures  -  408 words
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  • TIME-OFF
    • Article
      When smiles meet frowns
      518 6 BURPING AFTER A MEAL, it seems, can be considered good manners. The origins of this allegedly ancient Chinese custom cannot be easily traced. But there is some logic behind it. Apparently, burping is, or was, considered to be a show of appreciation. In the same way,
      518 words
    • Article, Illustration
      Art as illusion and comment
      647 6  -  By MARTIN SOONG HISTORY remains as illusion and comment, haunting and illuminating the sides of buildings in the West German port city of Bremen and in West Berlin. Photographs of this German popular urban art, comprising murals and sculpture, are now on display at two
      647 words
    • Article
      BILLBOARD
      900 6 What's on from July 19-25 Bbhmhb EXHIBITION: Art in the Public Realm. School of Architecture, National University of Singapore, tin 6pm. On display are pictures of public art in Bremen and West Berlin. Free. Übortiee With Liberty. American Library Resource Center. 9.30em--spm on weekdays and 9am-Ipm on Saturdays. The
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    • Article, Illustration
      Performance by pianist and counter-tenor
      92 6 COUNTER-TENOR Tay Cheng-Jim (inset) and pianist Cheung Mun-Chit (abova) will ghre a performance on Thuraday at tha DBS Auditorium. Sinca his debut as a aoloiat with tha London Symphony Orchaatra at tha Royal Faathral Hall in Leonard Bernstein's Chicheeter Pealms, Chang-Jim haa acquirad a reputation
      92 words
    • Article
      STRAWS in the Wind
      297 6 THE CHINESE OFFICIALS from Sinochem, a trading company in China, were supposed to give a press conference at the end of their visit to Singapore this week. The reporters could not And them at the VIP lounge of Changi Airport, where the interview was to have
      297 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      792 6 CRYPTIC PUZZLE ACROSS 9 Is o dresser, as it proves (5. 3) 10 It's spring sun, father (3) 11 Show over, having left one inside (6) 12 Getting money back is something new (6) 13 Joined one inside when one exercised (7) 14 What you saw in the kitchen cupboard
      792 words
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  • SPORTS
    • Article, Illustration
      Lock icon Woosnam takes first-round lead
      630 7 AP ONLY WELSHMAN lan Woosnam could match par with a 70 on Thursday in the opening round of the 115 th British Open golf championship on Turnberry's treacherous Ailsa course in biting cold and howling wind. His feat surprised even himself. "I didn't expect to shoot
      AP  -  630 words
    • Article
      Vincent overcomes his nerves to lead in Sentosa Open
      459 7  -  By WALTON MORAIS VINCENT LEE, using a tougher mental approach, fired a one-over-par 73 to hold a one-stroke lead after the opening round of the Sentosa Open invitation golf championships at the Serapong course yesterday. The two-handicapper holed four birdies but
      459 words
    • Article
      Lock icon US in World Basketball Championships final
      200 7 Reuter THE US reached Sunday's final of the World Basketball Championships with a 96-80 semi-final win against Brazil on Thursday. The Americans, beaten by the Soviet Union with a winning basket in the last seconds of the 1982 championships, face the winner of Thursday's
      Reuter  -  200 words
    • Article
      Lock icon Sweden has top players to choose from for Davis Cup
      218 7 Reuter SWEDEN aims to end a lean spell against Italy in the Davis Cup when they clash in their world group quarter-final tennis tie starting today in Sweden. Sweden's non-playing captain Hans Olsson is in the happy position of being
      Reuter  -  218 words
    • Article
      Jockey K C Ng's Six Flags and Drum Roll look set to win
      600 7  -  By BRIAN MILLER SINCE OPTING TO GO free lance two months ago, jockey K C Ng has been experiencing a definite change of luck. The winners have been coming with amazing regularity and right now, the young
      600 words
    • Article
      British Open scores
      314 7 (British unless stated): 71 lan Woosnam 71 Nick Faldo, Gordon Brand Sr, Robert Lee, Anders Forsbrand (Swe). 12 lan Stanley (Aus), Andrew Brooks, Sam Randolph (US), Bernhard Langer (WG), Ron Commans (US), Derrick Cooper. 13 Richard Masters, Vaughan Somers (Aus), Gary Koch (US), Greg Turner (NZ). 14
      314 words
    • Article, Illustration
      Lock icon The hard task that Navratilova faces
      558 7 UPI GOING HOME sometimes can be the hardest thing to do. Harder, sometimes, than standing on centre court to play for the championship of Wimbledon or the US Open, harder than it is to be forever focused in a glaring spotlight. Just how difficult
      UPI  -  558 words
  • Page 7 Advertisements
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      1184 7 to m [asMT) STARS OF YESTERYEAR The Third Man UOpm, Channel 12 Orson Welles (left) and Joseph Cotton star in this 1949 murder mystery about an American writer who arrives in Vienna to take up a job with a friend whom he finds has been murdered. Puzzled, he sets out
      1,184 words
    • Miscellaneous
      Page 7 Miscellaneous Column 2
      32 7 sorkv TO spiy this, jtm, But rne Fun hpvs gong oot of this JOS do N/oo Remern6eß umsm ljc young rnd FoOUSM RND ONU/ MGLD OJ ov/ "THB SKJM OF OUfc P
      32 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon LTV Corp owes creditors US$4.2 billion
      263 8 Reuter LTV CORP has listed total debts of US$4.2 billion and assets of US$5.9 billion in its Chapter 11 bankruptcy filing. A spokesman for the company said on Thursday that the debt included US$2.2 billion in long-term obligations, US$5OO million in revolving credit, US$6OO
      Reuter  -  263 words
    • Article
      Lock icon American Express reports record performances
      225 8 Reuter AMERICAN EXPRESS Co aid a 156 per cent Jump in second-quarter 1986 profits from the same year-ago period included record performances by all four of its industry segments. American Express on Thursday reported record second-quarter net income of US$359 million, compared with USSMO million
      Reuter  -  225 words
    • Article
      Lock icon Wall Street rises for second day running
      337 8 Reuter THE NEW YORK stock market staged a moderate advance for the second consecutive session on Thursday although continued weakness in shares of IBM and a major bankruptcy in the steel industry left a few scars. Pharmaceuticals posted sharp gains aided by better
      Reuter  -  337 words
    • Article
      Toronto
      142 8 JULY 17 a Imp Oi O A tnco 35* 15* 42 mdi unch -I* AMU 22* V* lu M 19* 15* unch Ale on Aigoma 14* 16* LoWow B 12* Bark Of Montreal M Canada 32 37* unch Mc BkxW 35 28* Bp Rtutfcii Brascan a A Canotfan Imp
      142 words
    • Article
      Johannesburg
      231 8 JULY 17 Tnat Bk On Stool 127 55 1200 Mich mch unch from Grp 2350 100 4HHQ5 A Alpha MDUS1WALS 102GB unch unch 25 An0o» Angvaal 5100 *****6 1815 7550 100 40 75 100 100 Ab«ccom A«ci 250 1200 Btjvoof BuH«k Amaprap AMIC 406 4475 unch 125 Chart* Cam
      231 words
    • Article
      New York
      623 8 JULY 17 Alcan Ahnwi Alcoa us* 28* 34% Alag M 19* unch AM Sg 38* AM StOTM 46* AltOiakMn 4* Am Brandi he 92* 1* Am Can Co 85 9* Am Cyananad 72* Am EWc Pwt 29 Am Expraw 58* Am Homo Mod 86* Am Melon Cp 4
      623 words
    • Article
      European markets
      837 8 Amsterdam JULY 17 Fb AM 604.00 undi Atfow 103.00 -0.4 Ahold 90 JO undi Ak» ***** 4-0 1 AtMg 152 30 inch AMEV 78.70 4-0.4 Am M 109.20 4-0.2 Au Stod 123.00 uidi Baikal 40.70 -0.2 Bomanij 900.00 -2 Buatvman T« Narad*... 219.00 +2 Clrfwa 670 00 nidi
      837 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      485 8 V, ii Wmst wire, Mm Treasures erf the sea The majestic Pine Court restaurant specialises in Beijing cuisine. The menu features 156 items, many of which are seafood delicacies. Among the most popular are braised Deche-de-mer, fried scallops with bamboo shoots and deep-fried shrimps on toast with sesame seeds. But
      485 words
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      Page 8 Advertisements Column 2
      129 8 ){]&*"|!={_^>^-_@:@/-';\~^::`;& GWhCEHDm. Managed by Prince Hotels Japan Continuing the Prince Hotels tradition of friendly service 270 Orchard Road, Singapore 0923. Telex: RS ***** HCROWN Cable CROWNHOTEL Fa* *****18 Tel: *****11 6am 2am Daily Z*\ •Hi Tuck into a sumptuous spread of local tavourftee! Every SUNDAY at Ssatoraaia OFFEE HOUSE from
      129 words
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  • ASIAN STOCKS
    • Article
      Hongkong
      345 9 HONGKONG: Share prices closed mixed in moderately active trading yesterday with fresh (actors absent, brokers said. The Hang Seng Index dipped 0.11 to end at 1,759.60 points but the Hongkong Index improved 0.24 to 1,098.84. Turnover was HK5329.59 million compared with $287 million on Thursday. Properties attracted considerable interest
      345 words
    • Article
      Taipei
      199 9 JULY IS Afl SfKirt bdui NT 200 Kuochan D*v Lm Chang Yuan 22 00 33.501 -0.1 +0.1 26.30 -0 1 12.75 +0.15 31.30 +0.1 Nan Ya Pta* 38 10 +0 1 Chang Hm Bank 43.80 27.20 -0.4 +0.5 Nat Invactmant 381 40 -3.8 24 90 +0 1 20.80 Owl
      199 words
    • Article
      Tokyo
      412 9 TOKYO: Prices yesterday closed sharply higher on widespread buying, brokers said. The market average closed 113.21 points up at 17,838.84, below the record 17,882.80 set on July 15, after touching a peak of 17,901.09 in the afternoon. Turnover was a heavy 1,250 million shares compared with 750 million on
      412 words
    • Article
      Lock icon Manila
      98 9 Reuter BANGKOK: The Securities Exchange of Thailand Index yesterday improved 0.02 to 138.76. Turnover amounted to 471,683 shares valued at 103.8 million baht. JULY IS SStan..::::: Pmm 0 0012 unch Onantal B Phi Ovwtaoi PMox B 0.015 0.017 0.25 +0001 inch unch Ap«x Mrmq B Artcn Con. B Bogu»
      Reuter  -  98 words
    • Article
      Sydney
      421 9 SYDNEY: Australian share markets closed firmer across the board in thin trading yesterday, buoyed by demand among quality industrial issues and a stronger mining sector, brokers said. Near the close, the All Ordinaries Index was up 3.5 points to 1,130.4 and the All Industrials rose 4.6 to 1,803.0. The
      421 words
    • Article
      Seoul
      106 9 JULY la Waa 1840 10 Kangwan M Kjo Molar Koion M 1130 1990 2020 -15 10 -20 Du«>n*ir>d r 661 1007 -19 ♦2 -6 68 30 8 -20 Koraa Lang Tarm Lucky Lid 1580 1499 -35 •6 Ooawoo Corp Doawoo Heavy Dang Ah Phar Dang S»ock Dongbu S(mI Gold
      106 words
    • Article
      Bangkok
      118 9 JULY M 1 Ao Kham Thai UM Sum Camant Sam Ou«n» S<om Otaan* Ua«ng 555 «**P Map •2 Ayudhya kwMtmtnt Bangkok AfoN Bangkok Bank 145 35 30 184 unch -1.5 -3 Sam Oty Cwm Sam Commaraai 576 +22 Bam Of AnAro Charoong Thai Win 119 293 120 mch -4
      118 words
    • Article
      Lock icon Cheung Kong buys 66 flats
      53 9 Reuter CHEUNG KONG Holdings Ltd has bought for resale 66 flats from Hongkong developer Regenthill Co Ltd for HKlllB.million. A Cheung Kong Spokesman yesterday said that the flats are in two buildings on the south side of Hongkong island. Regenthill is a consortium of developers
      Reuter  -  53 words
    • Article
      Lock icon India approves issuing of tax-free bonds
      291 9 Reuter INDIA'S Finance Ministry has given state-owned companies permission to finance expansion projects by issuing tax-free bonds whose interest rate and life the ministry will decide on a case-by-case basis. Investors also need not disclose the source of their funds for the investment. Monetary
      Reuter  -  291 words
    • Article
      Lock icon Tokyo advised to sell 200,000 NTT shares
      218 9 AFP AN ADVISORY panel has recommended that the Japanese government sell 200,000 Nippon Telegraph and Telephone Corp (NTT) shares to the public through competitive tenders. In a report submitted to Japanese Finance Minister Noboru Takeshita, the Central National Property Council said that the
      AFP  -  218 words
    • Article
      Lock icon Hudbay finds oil in Malacca Straits
      116 9 AFP HUDBAY OIL (Malacca Straits) Ltd has found oil in its offshore Malacca Straits concession 185 kilometres west of Singapore. A spokesman for the state oil company Pertamina said yesterday that the MSGB-1 exploration well flowed at a rate of 8,450 barrels a day
      AFP  -  116 words
    • Article
      Lock icon Twenty Sumatran coal contractors told to pud up their socks
      140 9 AP GENERAL MINING director Sutaryo Sigit has threatened to revoke the coal mining rights of 20 companies in the south western Sumatra province of Bengkulu for failure to carry out their contracts. The Jakarta Post on Thursday quoted Mr Sutaryo
      AP  -  140 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      188 9 %i)/^ s®? M £1 WSiere to wiae, iiae and eatortoia J^l Y&rietv. With Quality Our famous Nonya Buffet Lunch and sumptuous Buffet Dinner are great value for your money Only 14++ per adult and $B++ per child for a delightful meal. Or select your favourite dishes from our a la
      188 words
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      Page 9 Advertisements Column 2
      121 9 I ft 4 V 0 übertiuf (&rill Hooray for Sundoyl Sunday Brunch at the Hubertus Grill. Make it an occasion fcx the whole family. Sausages, bacon, oysters, snnoked salmon, tasty entrees.. right through to pastries, puddings, fruit salad and cheeseboard. Sunday Brunch: 11 am 2.30 pm. $24 for adults. $12
      121 words
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      Page 9 Advertisements Column 3
      220 9 Discover a whole new experience TAKE FIVE IK rn 011 tk W h 0f Relax over the finest drinks Savour the most tender juicy succulent steaks Enjoy stunning performances by top local international artistes Business Hours Mori Thur: 12pm to lam Fri, Sat Eve of Public Holidays 12pm to 2am
      220 words
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      Page 9 Advertisements Column 4
      149 9 ooinjeGs THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon at an ungourmet prloel For starters. take your pick of our cold dishes prawns on toe. fresh oysters, smoked salmon, melon and dried ham. vegetable terrtne. mixed secitbod salad, cooked assorted wegetabtos and homemade dressings Select your
      149 words
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      Page 9 Advertisements Column 5
      149 9 JJ TOP'BANDS flaybettsWW Mo****"* Band from phiUppilMS HOT DISCO COUNTRY SENTIMENTAL POP ROCK* and you name it!! Singapore's very own dynamic trio f (MubligkterS Led by Larry Fenton known to music lovers as "The Blue Diamond". A really fine trio to look out for! Happy Hours: 5 7pm Buy one
      149 words
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  • SHARE INFORMATION
    • Article, Illustration
      Market finishes mixed with slightly easier tone
      4136 10 SHARE PRICES ended mixed with a slightly easier tone on the Singapore stock exchange yesterday, as investors and punters squared their books ahead of the weekend. Profit-taking pared the recent gains scored by major trustee stocks, notably SPH. ICS, DBS and UOB, although
      4,136 words
    • Article
      Chief price changes
      245 10 SINGAPORE .Rites Lwfcmb M S0« 155 Caraba* iOt 324 Pa* Hm 192 Jadv h* 125 M Muat 376 Umm CM 231 BAT 22$ 189 Km 102 H Laaag Cm* 346 CaU S*ar« l<* 334 Fl M 735 MMSOi 229 Falls 15 12 12 II 10 ♦7 ♦7
      245 words
    • Article
      Business done on the SES
      2862 10 BID and offer price* officially listed and in and reported to the Stock Exchange at Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless uthawlse specified. All Time Settlement Contracts are quoted after the word "SETT". Big
      2,862 words
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  • COMPANY NEWS
    • Article, Illustration
      Paving the way to $1.70
      297 11  -  8DIM? IpAOf By RAMESH CHANDIRAMANI EVEN before May 2, when the CPF share investment scheme came into effect, this columnist had tried to provide readers with as many interesting trustee stock chart readings as was possible, space permitting. The idea was to identify the so-called
      297 words
    • Article
      Unit trusts
      271 11 MonoMrs' priccs for jJy 19 21 Singapore Unit Trust The Commerce 0 84 0 90 The Savings Fund 0 75 0 81 S pore Prog Fund 0 36 0 39 S'pore See Fund 0 60 0 65 .S'pore Invest Fund 0 56 061* S'pore Equity Fund 0 42
      271 words
    • Article
      Selected indices
      103 11 HONGKONG Hongkong Index Friday 1098.84 Thursday 1098 60 Week ago 1074.10 Hong Seng Index Friday 1759.60 Thursday 1759.71 Week ago 1721.69 TOKYO Nikkei Average Friday *****.84 Thursday *****.63 Week ago *****.77 TSE Index Friday 1396.58 Thursday 1384.18 Week ogo 1375.15 SYDNEY All Ordinories Friday 1130.4 Thursday 1126.9 Week
      103 words
    • Article
      D&C Bank seeks to auction three pieces of Lorrain's land
      194 11 THE DEVELOPMENT A Commercial Bank Bhd has applied to the High Court in Kuala Lumpur to auction three pieces of land belonging to former Bumiputra Malaysia Finance (BMF) chairman Lorrain Esme Osman to recover more than M 533.3 million owed
      194 words
    • Article
      COMPANY BRIEFS
      53 11 AMBASSADOR HOLDINGS Ltd has agreed at a board meeting on July 17 to Mr M B Gathani's request that (or personal reasons, his notice period and his resignation as managing director be shortened to take effect from July 8. Mr Gathanl will remain on the board with no
      53 words
    • Article
      Shares in KL drift to a mixed close
      320 11 SHARE PRICES drifted to a mixed close in lethargic conditions on the Kuala Lumpur stock market yesterday. Trading progressed at a leisurely pace as dabblers showed no urgency throughout the day. Some light buying was registered in early trading but fol-low-through was
      320 words
    • Article
      LONDON STOCKS
      876 11 SHARE PRICES opened quietly mixed in London yesterday but with a slightly firmer bias. At I.oopm, the FT 30 Index was down 11.8 points at 1,306.0 while the FTSE 100 was down 15.1 points at 1.594.2. On Thursday, The FT 30 closed at 1,316.8, up 10.5 points while
      876 words
    • Article
      JC-MPH withdraws offer for ITF stake
      489 11  -  By NAJEEB JARHOM JACK-CHIA MPH has confirmed that it made a conditional offer to Ong TJin An and his family to acquire a controlling stake in International Trust 4 Finance. But the offer, made after confidential negotiations, has been withdrawn, the company told the
      489 words
    • Article
      Hefty provision forces PMC into the red
      410 11 A HEFTY PROVISION of M 526.06 million for diminution in value of investments has driven Pan Malaysia Cement Works (PMC) into the red at the attributable level to the tune of M 520.94 million against bottomline profits of M 524.42 million previously. PMC,
      410 words
    • Article
      Business done on the KLSE
      1933 11 BID and offer prices nfflrUlly listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number at shares traded Aown in brackets in lots ot 1,000 units unless otherwise specified. MUSTRMLS Acmo (5) 166(5) 165 xd Ataasts C 2908 310S)
      1,933 words
    • Article
      COMPANY MEETINGS
      163 11 JOHAN HOLDINGS Berhad: 61st AGM at Bouganvilla 2, 1st Floor, Petaling Jaya Hilton, Jalan Barat, Petaling Jaya, Selangor, on Monday, July 21, at 11am. FIMA METAL BOX Berkad: 11th AGM at the PJ Hilton Hotel, Jalan Barat, ***** Petaling Jaya. Selangor, on Tuesday, July 22, at 9.30am. METRO
      163 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      338 11 NOTICES i>" Kf.\ lOCM *1 < 3 PTE. LTD. (la At an Extraordinary General Meeting of the member* of the abovenamed company duly convened and held at 11 Upper Circular Road, Singapore 0106 on 14th July, 1986, the special resolutions set out below were duly passed:Resolved that the company be
      338 words
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      Page 11 Advertisements Column 2
      356 11 IN THE MATTER OF THE COMPANIES ACT. CAP. 185 AND IN THE MATTER OF PRECISION WATCHCASE PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap 185. that a Final Meeting of the Members of the abovenamed
      356 words
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  • Article
    China using Republic as business venue
    467 12  -  By BOEY KIT YIN SINGAPORE IS increasingly being used as a venue by China's trade associations and economic agencies to conduct business transactions. The latest is a 30-member delegation from Shanghai who will hold a fair from July 21 to 30 at the Riverview
    467 words
  • Article
    Ho Kok Cheong gets another adjournment
    312 12 PROPERTY DEVELOPER Ho Kok Cheong yesterday had a winding-up action against 11 of his companies adjourned a further three months by the High Court. A 12th company, Irama Hotel ft Restaurant Pte Ltd, paid $73,000 to the Comptroller of Income Tax. Saving the day
    312 words
  • Article
    Lock icon Taipei lowers textile tariffs
    115 12 AFP TAIWAN has agreed to lower tariffs on all textile and apparel items to strengthen its bargaining power in next month's Tai-wan-US trade talks. A Taiwanese official said yesterday that the authorities were preparing to cut import duties on apparel from the highest 67.5 per cent
    AFP  -  115 words
  • Article
    BT Trustee Stocks Scoreboard
    533 12 Stock Price* on Price on Price on Weekly ■yj Moy2<$) July 11 July 1B change($) INDUSTRIALS Acmo 0.86 Vi 1.21 1.35 +0.14 +56.1 AU W UAUumm 1 OS i **n amx noioings 1 .ZJ 1 Jv BAT 1.45 1.89 1.89 unch +30.3 Cyde Corrioge 0.99 1.56
    533 words
  • Article
    Active on two fronts
    291 12 TRUSTEE STOCKS not only hogged the limelight on the Singapore stock market this week but were active on the corporate front too. Most CPF stocks closed the week higher in line with the slightly firmer tone registered by the overall market. Unlike local individual investors, foreigners
    291 words
  • Article
    Lin Securities ordered to wind up
    242 12 THE HIGH COURT ordered yesterday the winding up of stockbroking company Lin Securities. Three banks, Oversea-Chi-nese Ranking Corporation, Bank of Singapore and Four Seas Communications Bank, had petitioned the High Court to wind up the company. The banks took out the action after Lin
    242 words
  • Article
    Lock icon Three top contenders to ask Nakasone to stay on
    290 12 AP THREE TOP contenders for Yasuhiro Nakasone's premiership of Japan have agreed to ask him to remain in office after his current term ends in October, officials have said. The three senior members of the ruling Liberal Democratic Party Foreign Minister
    AP  -  290 words
  • Article
    Lock icon Japanese economy levelling off
    91 12 AFP THE JAPANESE economy showed signs of stagnation in June largely owing to the yen's sharp appreciation. The Economic Planning Agency said in a monthly report yesterday that investment in the manufacturing sector had been sluggish in June due to the deflationary effects of the high
    AFP  -  91 words
  • Article
    South Korea to raise economic targets
    115 12 SOUTH KOREA will raise its 1966 economic targets after recording its biggest-ever monthly current account surplus in June. The Bank of Korea said that the current account surplus had reached US$5O6 million for a total surplus of US$6O3 million in the first half. This
    115 words
  • Article
    Lock icon Beijing reports trade deficit of US$6.37b
    194 12 Reuter CHINA announced yesterday another large trade deficit in spite of tight import controls, but said that its foreign exchange reserves were stable. Zhang Zhongji, a spokesman for the State Statistical Bureau, told reporters that customs figures showed a deficit of U556.37 billion in
    Reuter  -  194 words
  • Article
    Lock icon Star Wars: Tokyo gets down to brass tacks
    145 12 AP, Reuter MEMBERS of Prime Minister Yasuhiro Nakasone's Cabinet yesterday discussed "institutional aspects" of Japan's possible participation in the US Strategic Defence Initiative, and news reports said they had decided to let private companies, rather than government institutions, take the key role.
    AP,; Reuter  -  145 words
  • Article
    Lock icon Comex gold and silver
    88 12 Reuter COMEX GOLD FUTURES opened weaker in quiet and thin trading yesterday as tame inflation kept the metal on the defensive, floor analysts said. Gold for August delivery opened 40 cents weaker at U*****.30 an ounce and remained there early. Silver futures slipped slightly in early
    Reuter  -  88 words
  • Article
    Lock icon Dow Jones lower
    64 12 Reuter WALL STREET stocks declined slightly in early morning trading yesterday as many of the bargain hunters that supported Thursday's market remained on the IBM, which was up most of Thursday before a late afternoon decline, remained lower in early trading. The Dow Jones Industrial Average fell
    Reuter  -  64 words
  • LATE FILE
    • Article
      Lock icon Agreement on regional security
      53 12 Bernama MALAYSIA and Indonesia yesterday agreed that their security and that of Singapore was vitally important to ensure regional stability. The view was i ipi issi J by Malaysian Defence Minister Datuk Abdullah Ahmad Badawi and Indonesian Armed Forces Chief General LB Moerdani during discussions in
      Bernama  -  53 words
    • Article
      Lock icon Australia may miss out
      46 12 AFP AUSTRALIA looks likely to miss out on becoming an Asia-Pacific financial centre. Robert DOenschneider, president of Hill and Knowlton Inc., a US-based international public relations company, said Sydney was not grasping its opportunity to become a world financial and communications centre.
      AFP  -  46 words
    • Article
      Lock icon Canada to finance feasibility study
      32 12 UPI CANADA has agreed to finance a US$B.74 million feasibility study on building the world's largest hydroelectric project, the Three Gorges dam, on China's Yangtze river. UPI
      UPI  -  32 words
    • Article
      Lock icon Unsafe coal mines ordered to close
      57 12 AFP NINETEEN coal mines in Taiwan have been ordered to shut down after failing to meet official safety standards. Li Feng-Chi, director of the Taiwan Provincial Bureau of Mines, said a series of strict inspections had begun last year after three accidents in 1964
      AFP  -  57 words
    • Article
      Lock icon Marcos revoked funds settlement
      38 12 AP A REPORTED out-of-court settlement on the repatriation of his Swiss holdings was revoked by former Philippine President Ferdinand Marcos before it was made public, according to a Zurich district attorney's office spokesman AP
      AP  -  38 words
    • Article
      Lock icon India condemns alleged massacre
      46 12 AP THE INDIAN government yesterday condemned "recent acts of terrorism" by Sri Lankan security forces against members of the Tamil minority, particularly the alleged massacre of CO Tamil dvQians on Thursday by the military and national guards in eastern Trincomalee district. AP
      AP  -  46 words
    • Article
      Lock icon American reporter detained in China
      27 12 UPI THE CHINESE authorities have detained New York Times' Beijing bureau chief John Burns on suspicion of "gathering intelligence information and espionage".
      UPI  -  27 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      346 12 NOTICE NOTICE IS HEREBY GIVEN that, I Lee Kian Lam of No. 25 Moonbeam Terrace Singapore 1027, have applied for a Retail Liquor Shop licence in respect of premises at M/s Sin Aik Seng Mini Mart 24 Jalan Kelulut Singapore 2880, and that this application will be heard in Court
      346 words
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      Page 12 Advertisements Column 2
      8 12 Savings ross in first six months, Pags 3
      8 words
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      Page 12 Advertisements Column 3
      93 12 the Sevvy Way BT is not all hard core business and financial news. We take "Time-Off' and "Sports" rather seriously too. Our writers comb the sporting arena to furnish two lively pages with the latest sports, leisure and arts news for the well-informed professional. Commmentaries by our staff and national
      93 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      46 12 Outlook for todoy: Fair. Roport for 24 hours prior to 7.30pm on July 18 ot the airport: Maximum temperature 33.1 Associated humidity 57 Minimum temperature 26.2 Associated humidity 92 Hours of sunshine 10.80 Roinfoll in millimetres ml Roinfoll this month 31.8 Rainy days this month 5
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