The Business Times, 7 March 1987
1987-03-07
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16
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The Business Times
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Title Section13 1987-03-07 1 BUSINESS TIMES M.C. (P) No. 112/12/86 Weekend Edition, March 7-8, 1967 75 CENTS13 words
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Article, Illustration187 1987-03-07 1 Overseas markets Friday HK Hang Song Index 2798.64 0.20) Tokyo NMdcei Aweroge *****.85 (-70.18) Sydney AJI-Ordinarles 1646.6 10.1) Thursday New York (Dow Jones) (+18.93) London (FT 30 Index) 1602.0 (-10.4) 1591.0 (noon, Friday Exchange raise THE Singapore dollar closed unchanged at $2.1400/10 against the US dollar in187 words
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Article, Illustration377 1987-03-07 1 Reuter PRESIDENT RONAI*D REAGAN, buoyed by encouraging public opinion polls and hopes of a superpower arms accord, was scheduled to meet his top arms control negotiators yesterday. Mr Reagan has seized on the sudden arms control breakthrough to spearhead his drive tor aReuter - 377 words
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552 1987-03-07 1 FOO CHOY PENG - No pay leave, part-time employment and unrecorded paid leave By FOO CHOY PENG Chief Reporter MORE FLEXIBLE working schedules for married female employees were announced by the Civil Service yeeterday in its bid to lead the way in encouraging working mothers to552 words
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Article, Illustration486 1987-03-07 1 AMY CHEOK - By AMY CHEOK AFTER TWO YEARS in the red. leading shiprepair group Sembawang Shipyard Ltd is back in the black, thanks to the strong recovery in the marine sector. For the financial year ended December 1966, the group chalked up a pre-tax profit486 words
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Article71 1987-03-07 1 THERE IS MONEY to b« made in Bombay. Tha magalopolis of aight million people is bursting at the seams and signs of newfound prosperity are evident to the visitor. The annual Indian Derby draws over a million people, rents have reached the ceiling and are71 words
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Article, Illustration204 1987-03-07 1 THE SINGAPORE stock market failed to see follow-through buying support yesterday after Thursday's historic high as measured by the Straits Times Industrial Index. Interest was again focused on second-liner Malaysian issues. Trading was an active 57.33 million units, comparable with Thursday's 58.68 million shares as204 words
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Page 1 Advertisements
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Advertisement232 1987-03-07 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC -SVSFEM- INSIDE OUR VIEW JUST WHEN THE ENGLISH TRIBES of soccer violence seemed to have sobered up, their brethren on the Continent picked up the gauntlet. From Ascoli to Rome, from Amsterdam to Munich, violence flared again last week. If the soccer arena resembles a232 words
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Advertisement230 1987-03-07 1 ikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM who croaked at the Raffles? Page 9 Climbing the business Everest Page 9 Take a leaf or two on cleaning vegetables Page 10 Maserati an inside job Page 10 TV programmes for today and tomorrow Page 10 Second servings of mystery and romance Page230 words
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HOME NEWS
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532 1987-03-07 2 LEE HAN SHIH - By LEE HAN SHIH CONTRACTORS specialising in roadworks can look forward to some $307 million in payment from the Public Works Department in the coming financial year. That's the amount the PWD has budgeted for but if the current year's expenditure is532 words
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320 1987-03-07 2 THE FUTURE of the Public Works Department lies in becoming the central authority for all government properties, the directorgeneral of the PWD says. The department has built up a good track record in designing and constructing public buildings, roads, bridges and expressways. The320 words
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341 1987-03-07 2 MARTIN SOONG - By MARTIN SOONG THE TAKEOVER of British battery maker Alcad by French rival SAFT this week will mean increased cooperation and technology sharing between the two companies' local outposts, SAFT Singapore and Chloride Batteries Southeast Asia. By acquiring the $55 million British company, the SAFT341 words
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271 1987-03-07 2 THE Board of Commissioners of Currency, Singapore, will be issuing a new $50 note from Monday. It is the fourth in the new generation of currency notes. This new series has "ships" and "achievements of Singapore" as the design themes. Four billion dollars ($4,000,000,000) worth271 words
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120 1987-03-07 2 THE JAPAN External Trade Organisation (Jetro) will be sending three trade missions to Singapore to promote Singapore fashion in the Japanese market. The 50 participants consisting of apparel purchasers from leading department stores and trading houses will be here between April 8 and 12.120 words
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161 1987-03-07 2 A TWO-DAY SEMINAR on office health and productivity is currently being held at the Regional English Language Centre (RELC) to promote greater awareness among executives of the effects of office environment on the state of their health. It is organised by the National Safety161 words
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Article73 1987-03-07 2 GRASSROOTS organisations. professional groups and members of the public will be gathering today at a public forum on excellence in education. The forum, organised by the feedback unit of the Community Development Ministry, should be attended by some 70 people at the York Hotel. The panel for73 words
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Article900 1987-03-07 2 AT CONVENTIONAL WHARVES VmmI Berth Arrival Departure KEPPEL WHARVES Alfesoni K19 alongside 07.03/0700 Als Strength KX olongside 06.03/1800 Concord Hoyato K16 olongside 07.03/0600 Eostern Glory K28 alongside 07.03/11® Fortune Oipper K20 alongside 06.03/1500 Kota Pelangi K3I alongside 07.03/0600 lufeng K33 alongside 07.03/2300 Ned linge K18 alongside 07.03/1700900 words
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192 1987-03-07 2 TIMES CONFERENCES, a leading conference organiser which is part of the Singapore Press Holdings group, is organising two major conferences next month. The first is the "Third annual conference on corporate tax planning for Singapore and Malaysia". which will be held192 words
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Page 2 Advertisements
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Advertisement538 1987-03-07 2 PRIMA LIMITED (FLOUR MILLS) (Incorporated in the Republic of Singapore) COMPANY ANNOUNCEMENT The Board of Directors of Prima Limited are pleated to make the following announcementAUDITED RESULTS FOR THE YEAR ENDED 31ST DECEMBER 1986. The Company The Group Increase/ Decrease Operating Profit <2(dK>) above) as a percentage of 37.4S 191%538 words
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OVERSEAS
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475 1987-03-07 3 Reuter A REDUCTION of the US federal budget deficit will be needed to help eliminate the nation's huge trade deficit, US Trade Representative Clayton Yeutter said. Speaking to the New York Chamber of Commerce and Industry, Mr Yeutter said: "Capital and trade flowsReuter - 475 words
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Article166 1987-03-07 3 AFP THE US has "strongly condemned" what it said were attacks on Pakistan by warplanes based in Afghanistan. "Within the last week," said US State Department spokeswoman Phyllis Oakley, "four separate bombing attacks have resulted in over 100 deaths and 250 wounded many of themAFP - 166 words
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Article876 1987-03-07 3 ARRIVALS Operator Sorvlc* local From number time MAS MH601 0005 KUL OA OA471 0015 ATH UA UA805 0100 SFO/HKG 9A SQ11 0125 LAX/NRT CAl C3333 0405 TPE SiA SQ41 0615 MAA SV SV398 0710 JED/RUH MAS MH681 0820 KUL CV CV796 0845 LUX/DX8 KAL KE624 0850 KUL876 words
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445 1987-03-07 3 AP THE PHILIPPINE Defence Secretary said yesterday that the US considered the communist insurgency in the Philippines to be the major threat to stability in the country. But he ruled out using foreign troope to fight the rebels. Defence Secretary Rafael lletoAP - 445 words
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Article223 1987-03-07 3 Reuter INDIA HAS BANNED the controversial export of frogs' legs which are shipped mainly to gourmet markets in Western Europe and North America. The government in a brief press note said the ban was being imposed as the most effective means of protecting India'sReuter - 223 words
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Article125 1987-03-07 3 Reuter THE REAGAN Administration has issued a formal statement to Congress designed to free the remaining US$4O million in 1967 aid for the US-backed contra rebels in Nicaragua. The aid is the last instalment of US$lOO million voted by Congress for the contras, and isReuter - 125 words
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206 1987-03-07 3 AFP NATO HAS REJECTED a Sovietproposed agreement aimed at breaking the 13-year-long stalemate in the East-West negotiations on Mutual and Balanced Force Reductions (MBFR) in central Europe. Speaking in Vienna on Thursday for the North Atlantic Treaty Organisation, the head of the WestAFP - 206 words
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Article, Illustration512 1987-03-07 3 AFP JAPAN HAS WELCOMED the breakthrough in US-Soviet disarmament talks on medium-range missiles as impetus to bring about an unprecedented visit to Tokyo by Soviet leader Mikhail Gorbachev and to thaw the chilly bilateral ties. But government leaders and commentators in Tokyo wereAFP - 512 words
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Article, Illustration348 1987-03-07 3 AP PREMIER Zhao Ziyang promised yesterday to create a lively, democratic and harmonious atmosphere in which intellectuals could contribute to the country, people and socialism. Meeting a group of scientists at the Communist Party Zhongnanhai headquarters, Mr Zhao also said the party will continue toAP - 348 words
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175 1987-03-07 3 Reuter ECOLAIRE INC, a manufacturer of high-tech electricity generation equipment, will become the first US company to set up its Asisn headquarters in Beijing, the New China News Agency said. It quoted Ecolaire general manager Christopher Morton as forecasting that his firmReuter - 175 words
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458 1987-03-07 3 Reuter GOLDEN TRIANGLE warlord Khun Sa has apparently opened new heroin refineries in Laos, switched smuggling routes in Thailand and launched a trafficking channel through Vietnam, Thai narcotics officials said yesterday. The routes seem to have sprung up under increased pressure fromReuter - 458 words
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221 1987-03-07 3 AP US SECRETARY of State George Shultz left South Korea yesterday after urging President Chun 000-Hwan to ease political restrictions and carry through his announced plan to step down early next year. Before departing for Tokyo at 0605 GMT aboard a special plane.AP - 221 words
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205 1987-03-07 3 AP PRIME MINISTER Yasuhiro Nakasone has instructed a government advisory panel to draw up measures to protect Japanese living abroad because of the unsolved kidnapping case of a Japanese business executive in the Philippines, a Foreign Ministry official said yesterday. KyojiAP - 205 words
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Page 3 Advertisements
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Advertisement49 1987-03-07 3 I K /II 7" The business person's choice. 1 every Tuesday, Saturday and I 1 Sunday. Leaving Changi Airport at 1 /-L 1 JLL 22:05 hours and arriving Bombay at 00:30 hours. Call your Travel Agent or Air Canada at *****55. Effective thru 30 Apr,***** Al R CAN ADA49 words
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Page 3 Miscellaneous
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Miscellaneous50 1987-03-07 3 Doonesbury G6T Clayton up nana. INB6P HJMTDPO SQM3 NUMBeRSCRUNCHING. UH...H&S A UTTLB IN-—-.n DtsPosea i iJ BY GARRY TRUDEAU H?SANAR&THAUKAND HBHAstnmm H6HRSTMILUON*WHAVS THBMATTBR mmm* H&5 KIND OF A STKAIGKTAKKM. 9R.ATLBAST mWASBBOKZ neorpouN witems.. K» m: tJ ATTENTION! DOBS AWONB HAVE ANYINSIPB INFORMATION HE$ NOT USING* mm w si mm AM.50 words
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BANKING AND FINANCE
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340 1987-03-07 4 Currency could go up by 10 or 15pc Reuter US COMMERCE Department Un-der-Secretary of Economic Affairs Robert Ortner said he believed the dollar at current levels was fairly priced against most European currencies. In a wide-ranging address sponsored by the Export-Import Bank, Ortner, theReuter - 340 words
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378 1987-03-07 4 Reuter BRITAIN appeared set for a new cash row with its European Community partners as evidence emerged that it could be much worse off as a result of new proposals to alter radically the way the EC is financed. Analysis byReuter - 378 words
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Article, Illustration228 1987-03-07 4 THE ASSOCIATION of Banks in Singapore has welcomed the Government's continued efforts to further develop the financial services sector. Commenting on the Budget speech of the Finance Minister Dr Richard Hu, ABS chairman Mr Lee Hee Seng said: "On the whole,228 words
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323 1987-03-07 4 Reuter VENEZUELA'S recent agreement with its creditor banks reprogrammes US$6 billion of its US$2l billion public sector foreign debt rescheduling and reduces repayments due between 1987 and 1992, Finance Minister Manuel Azpurua said. Mr Azpurua was commenting in a television interview on yesterday's agreement to lowerReuter - 323 words
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196 1987-03-07 4 Reuter WORLD BANK president Barber Conable believes that Brazil will come up with a medium term economic plan and that the current debt moratorium is temporary. Speaking briefly to reporters following an address before the Export-Import Bank, Mr Conable said that theReuter - 196 words
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329 1987-03-07 4 Bernama ES THE COMMONWEALTH Development Corporation (CDC), the British government agency which aids commercial investment in Commonwealth countries, has broadened the scope of its investment in Malaysia by agreeing to finance small and medium scale industries. Announcing this yesterday. CDC's representative inBernama ES - 329 words
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Article163 1987-03-07 4 Reuter FEDERAL RESERVE Board vicechairman Manuel Johnson said some US banks have been too rigid in talks with lesser developed countries on debt refinancings and warned that a breakdown of the renegotiation process could be harmful. "There have been some difficulties in those negotiationsReuter - 163 words
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121 1987-03-07 4 Reuter BRAZILIAN Finance Minister Dilson Funaro will extend hia international tour, flying to Japan for talka with government officials and representatives of banks to explain Brazil'a decision to halt payment of part of its US$lO9 billion foreign debt Finance Ministry sources said.Reuter - 121 words
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MONEY AND EXCHANGES
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Article1097 1987-03-07 4 SINGAPORE: The US dollar yesterday closed narrowly mixed against most major currencies after moving within a narrow range in thin pre-weekend trading. Dealers said that the dollar firmed slightly at the outset on light Asian short covering and speculative buying but weakened marginally in late trading on some1,097 words
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Article209 1987-03-07 4 Interbank rates at 3pm yesterday: BH CWer croee perfty Local dotlara to < an* unit of foreign currency: US doftar 2.1405 2.1415 2.8196 -24.08 S«ortfc>g pound 3.3798 3.3835 7.3469 -54.00 AmtraDan dollar 1.4501 1.4530 M3M -577} NZ dollar 1.1922 1.1949 3.4286 -65.23 Canodlan dollar 1.6045 1.6065 3.4206 -53.09209 words
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Article48 1987-03-07 4 RESULTS OF TENDER held yesterday for 91-day bills to be issued from Mar 9 to 13: Offered: $270,000,000 Applied for: $609,000,000 Allotted: $270,000,000 Accepted bide: $99.51 and nearly 20 per cent. Higher bids in full. Average rate of dtecount on allotment: 1.880 per cent per annum.48 words
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Article, Illustration74 1987-03-07 4 THE OVERNIGHT rate on the Singapore interbank market closed unchanged at 2% per cent yesterday. Term rates were also unchanged at 3% per cent. inaicwvi uif ■Ttriyv w u?t na|a>A 4 A prim# lenaing ram at 12 fjiijof tanks lei SinQtpoff S$ Interbank rates at 7pm yesterday: of*74 words
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Article297 1987-03-07 4 ASIAN DOLLAR deposit rates closed steady at opening levels yesterday. Short-dates were steady to slightly lower at the outset and remained unchanged subsequently. Weekend snd Monday/Tuesday closed at 6 5-7/8 per cent each and week-fixed at 6-3/16 6-1/16. Term rates were little changed from earlier levels of297 words
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Article249 1987-03-07 4 HONGKONG: Gold yesterday closed higher in fairly quiet trading most of the day, dealers said. Bullion ended at U*****.80/U*****.30 an ounce against an initial U*****.60/US$4OB.lO and New York's final U*****.80/407.30. On the local market, gold lost HK$lB to HK53,792 a tael. The Krugerrand eased HK$lO to HK$3,lBO or249 words
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Article560 1987-03-07 4 JUNE EuredoNar opened 3 ticks lower at 03.72 pn Mr Ortner's remark that the yen was undervalued by 10 to 15 per cent Trading was quiet during the day with prices recovering slightly to a high of 03.74. June Eurodollar finally settled one tick lower at 03.74. June Ut560 words
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RAW MATERIALS
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Article935 1987-03-07 5 COFFEE Robusta futures dropped back in the last hour of trading and erased half of Thursday's gains, closing £8 to £30 per tonne higher. Speculative short covering and liquidation after the dramatic plunge this week prompted most of the buying, but the market mood remained bearish after ICO's935 words
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Article291 1987-03-07 5 SINGAPORE The market closed slightly higher yesterday with April 1 RSS buyers quoted at 186.00 cents/kilo, up one cent. The market gained one cent in thin morning trading on some buying interest and short covering, dealers said. Prices remained little changed from lunch-time levels in thin afternoon trading due291 words
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Article265 1987-03-07 5 RAS prices mtc wMg, FOB In batoi B NOON CLOSE Bwyon Sellers Buyers Setters bt 1 RSS Prompt 188.50 189.00N 188-50 189.00N Int 1 RSS April 87 184.00 186-50 ***** 186 JO Int 1 RSS May 184.25 ***** 184.25 ***** lot 2 RSS or 177.00 179.00N 177.00265 words
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Article103 1987-03-07 5 THE PRICE Of TIN on the Kuala Lumpur tin market yeeterday roee SO cents to dose at MSI 7.01 per kHo In active trading on strong buying support Thursday's low level triggered Mgh bids el SSS tonnee at yeelerdey's opening but sellers were reluctant to commit thomootvee In103 words
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Article158 1987-03-07 5 WHEAT FUTURES on the Chicago Board of Trade closed seven to 3-1/4 US cents higher on Thursday, with spot March leading the advance and ending at U552.97 a bushel. Professional short covering led the early advance and triggered chart-orient-ed buying by fund operator Thomson McKinnon, traders said. Refco and158 words
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Article62 1987-03-07 5 Bangkok Broken Rice (USS/IOMW, FOt) A-l Svpmr A-l Spadd 143 140 White Rice CI SfMdoi i«q 100% Id don 255 C-1 Orrf 100% 2nd dm 225 Loonzain Rice 100% 3rd dm 220 100% 1« grad* 100% 2nd grad* wnq 219 5% 210 100% 3rd grod* unq 205 200 Parboiled62 words
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Article81 1987-03-07 5 (e*tft/k«. 1-*" RAS ssi 30 SM 90 MRELB paten) Aft 87 (currw* month) NOON teywt S»ten 167.00 I69j00N 169 JO >67JON Ivytn Saten MAY 87 (forward monrti) NOON Bwyw* Saten 166J0 16AJ0N 169J00 167JON SMt cv 247JO 249JON 244J0 290JON SMI I 247.00 249.00N 241.00 250.00N SMI81 words
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291 1987-03-07 5 AFP A LEADING coffee executive from Indonesia, the world's third largest coffee producer, on Thursday said the International Coffee Organisation was "undemocratic" and urged other members to restructure the group to reflect the actual coffee trade structure worldwide. Chairman of the Association of Indonesian CoffeeAFP - 291 words
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Article131 1987-03-07 5 OIL PRODUCTS EXCEPT FOR Low Sulphur Waxy Residue, all other products war* on a firmar trend in the Far East products market Fuel oil was higher, in spits of the current surplus, as refiners and traders look to buy in speculation of price rises. Gasoil was firmer on European firmness131 words
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Article107 1987-03-07 5 Chlnan Product Exchanga M*. 30/29% rot nsw Nutmeg ***** <ilm' mm dHtaa prtem m Mar 6 (tt/100kj. no rot nsw twr rot nsw 1447.00 133IJOO Coconut oil M KX OM rot MM dno POt TOuOO HjOO Comb It rot nsw London Commod nv Copra Mtaad (loots) 33 Exchange107 words
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Article213 1987-03-07 5 MALAYSIAN cruds palm oil prices dosed higher yesterday on covering interest after recent tells, prompted by the rise in palm oil futures end firmer overnight Chicago soyoil futures. Indis's palm oil purchass st its weekly vegstaMe oil tsnder on Thursday snd Pakistan's enquiry for another 6,000 tonnes RBD213 words
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Page 5 Advertisements
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Advertisement2686 1987-03-07 5 Standard Trading Conditions of THE SINGAPORE AIRCARGO AGENTS ASSOCIATION The Singapore Aircargo Agents Association wishes to inform the public that the following members of our Association have adopted the Standard Trading Conditions published herein. Airborne Freight Corporation Aircargo Novo Express Pte Ltd Airfreight Consolidators Pte Ltd Air Express International Re2,686 words
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INTERNATIONAL STOCKS
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361 1987-03-07 6 Reuter AUSTRALIAN financier Larry Adler said he was considering taking a stake in two more British companies, and said they might be in the financial services sector. Mr Adler told a news conference that Sydneybased FAI Insurances Ltd, of which he isReuter - 361 words
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187 1987-03-07 6 AP USAIR GROUP Inc has rejected a takeover attempt by Trans World Airlines, saying the bid was "nothing more than an attempt to disrupt" USAir's offer to purchase Piedmont Aviation Inc. USAir spokesman David Shipley said in a strongly worded statement the airline wouldAP - 187 words
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395 1987-03-07 6 Reuter WALL STREET scored its 23rd record highest close of the year on Thursday as the market posted a strong gain in heavy volume. Technology stocks and paper stocks attracted much of the market's attention and the blue chip average outpaced the broader marketReuter - 395 words
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Article121 1987-03-07 6 TT 77 imp cxi a a. ss* *i* CS moo 20* gnctl Abww »K EEF"** 11* Karrjidiaon 20* +1 U5 "5 Lotoiaw Co 14* unch MH* NOVI dCOul I«« m M BUM HQU xk BilA Of 11 n ntr» I 1i V ""W* wll H Banfc CT Monlraal34 Motaon121 words
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Article205 1987-03-07 6 I t I RAND WTRiAU Truat Bk Un M Wooitru 140 76 1600 unch 100 A Alpha Abarcom 1529 MS 25 MM Angioa HQS 6660 150 Aaci 1875 unch AWBWMI jsy 540 (MIWR unch BM»BIB.ZZZ" 2300 7500 160 2010 20 Charter Cona Qetd 4600 175 CNA 320 •10 1075205 words
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Article549 1987-03-07 6 MAN US Mean AKwnln 38 AIM. M t *1 X L X AMag If ADM! MMi mill 'if. 1* eft i X r.r!"T» un 0* -11 Am Brand* in Am Can Co.... SC M Am Cyi Am EM inamld MX e Pwr 3M X X r#i Am Expraaa..549 words
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Article778 1987-03-07 6 Amsterdam MAM 86 n» ABM ***** 9 Aagon Ahold 88 90 ***** 0 6 1.7 133 80 15 142 20 01 AMEV Amro Bank Am ted 8640 7*80 128.00 0.7 -0 7 1.8 Barfcal BOLS 17.70 146 00 unch 2.8 Boraumij Boahrman T«W Calva Elaavtar Fflh Fokkar *****778 words
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Page 6 Advertisements
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Advertisement488 1987-03-07 6 'Mite, <iia« entertain \L[ if V'.ja^l lets LJIi ThU Wnkl MR SHY AM MR LEE HING MEN You can be one of our lucky winners too! Each time you have a lunch or dinner at the Meisan Szechuan Restaurant, you stand the chance to win a Free Meal, valued at488 words
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Advertisement135 1987-03-07 6 FOR LATE No one could expect a stomach to survive the stretch between dinner and breakfast The minute you feel the rumbles, head for shelter here. We have porridge y= potpourri. Hot and f steaming buffet to mg get you through the night for only $7.50. 1 fIES^HL (All prices135 words
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ASIAN STOCKS
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Article387 1987-03-07 7 HONGKONG: Prices closed steady yesterday after a late round of buying offset strong selling pressure that had spilled over from yesterday's big setback, brokers said. The Hang Seng Index finished the day 0.20 point higher at 2,798.64 after swinging some 70 points throughout the day. The Hong Kong Index387 words
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Article221 1987-03-07 7 HAM M All Sincara indua Asia Camant MT 2.46 35.50 0.02 -0.1 -0.6 -0.5 -0.5 •02 -0.1 -0.5 Kuochan Dav Laa Chang Yuan Cham Indua Llan Hwa Indua Nan Ya Plaa 29 60 32 50 23.30 37 40 •06 •04 0.1 •07 Chang Hwa Bank. Chang Loong Chia Haln221 words
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Article302 1987-03-07 7 MAR M YEN Mitsub Elac 500 4 Mitsub Estate 2640 unch Aiirvomoto 3640 •10 Mitsub Heavy 547 -13 Akai Amtdi Asahi Cham As«hi Glu* 435 805 861 1340 1400 3 -5 •19 •10 unch MHsui Co Mitsui Shlpbldfl Mitsui Smelting Mitsukoahl 640 223 296 1210 30 -2 -4 40302 words
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Article67 1987-03-07 7 MAM Ot 1 0.002 Ortantal B 0 028 unch Phil Ovarsaas 0.043 •0.001 Phi lax B 0.40 •0.0025 unch Ap6x Mining s....... Atlas Con. B U.ww 18.29 PU)T 285 unch San Miguat B 119 •1 unch -7 0 02 -0 002 SB Si ma Darby 28 unch First Phil67 words
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Article530 1987-03-07 7 SYDNEY: Australian share markets again reached record levels yesterday, boosted by continued local and overseas demand for leading industrial and gold stocks. Brokers said market sentiment has been bullish all week because of good results during the latest reporting period and strong performances on overseas markets. At the close530 words
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Article115 1987-03-07 7 MAN M Kai wUd Kanowon Ind ***** -90 2930 -40 Kia Motor 1020 20 540 Koton Ind 3000 •10 Daewoo Corp 961 1340 +11 20 Korea Long Term Lucky Lid ...2130 1556 -1 +25 Deiahin Securitiee Dong Ah Pher Dong Suh Stock .4100 ***** ***** 2250 200 -90 •00115 words
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Article149 1987-03-07 7 Reuter BANGKOK: The Stock Exchange of Thailand Index edged up 0.12 to 213.35 on a turnover of 1,820,779 shares worth 221.4 million baht. MAM M 1 Ao Kham Thai Ayudftys Invaatmant Bangkok Aground Bangkok Bank Bank 01 Ayudhya Charoong Thai Wire A Cable IAHT 200 73 253 170 301Reuter - 149 words
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Article84 1987-03-07 7 Reuter. THE HANG SENG BANK Ltd plans to make a one-for-two capitalisation issue to shareholders on April 29. It expects to pay a total dividend of at least HKSI.O3 on the enlarged capital this year, equal to the $1.54 payment for the year ended Dec 31,Reuter. - 84 words
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Article, Illustration709 1987-03-07 7 NYT SAN MIGUEL Corp, by far the largest company in the Philippines, is being eyed by several potential bidders. A New York investment bank, for instance, is trying to form an investor group to acquire the brewing conglomerate. Ramon Diaz, the secretary-des-ignate ofNYT - 709 words
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187 1987-03-07 7 Reuter HONGKONG LAND Co Ltd has bright prospects In 1987 in view of the tight supply of prime office space in Hongkong and rising property rents, chairman Simon Keswick said in a statement. The company will pay a total dividend for 1967 ofReuter - 187 words
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Page 7 Advertisements
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Advertisement519 1987-03-07 7 re to wine, din« and entertain ryi'% Start of A New Experience Kinta-Manf Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood, Gado Gado. Sate (Satay). spicy Rendangs. Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half the experience. The other half is519 words
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Advertisement186 1987-03-07 7 5 IRRESISTIBLE OFFERS] ■40% OFF all Premium brands and bottle rates Buy one drink and get one FREE Extended Happy Hour 12 noon Bpm Entertainment by 2 top bands nightly (6pm 2am*) flrnwcnons A popular show band from the Philippines J m ATi I j Singapore's ChchtVul most popular band186 words
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FEATURES
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Article485 1987-03-07 8 LET'S SET the record straight. Since last weekend, England has lost all claims to being the major breeding ground for soccer thugs. Its old warriors are still around, but they are cloeeted. The limelight is now on the warring tribes of Europe who have been485 words
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Article, Illustration1176 1987-03-07 8 B J FERNANDES - Bombay is booming. A visitor can see this in the congested streets, in the jammed-packed annual Indian Derby and in the property prices which have gone through the ceiling and are headed for hyper space. What are the factors which have contributed to the Bombay Boom? B1,176 words
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493 1987-03-07 8 Letters to the Editor Deer Sir The recent de-listing of Pan-Electric Industries Ltd from the Stock Exchange of Singapore'a (SES) main board is a belated recognition of the fact that the company has now been liquidated. What is perhaps493 words
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Article183 1987-03-07 8 John M Carter - John M Carter Dear Sir Your readers may be surprised, if not astonished, to know that the criminals of our community are. if anything, more comfortably accommodated than those members of our community who have the task of apprehending the criminals. Recently, I had183 words
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Page 8 Advertisements
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Advertisement295 1987-03-07 8 n I n tl Ik£ To help you sort out the news reports of the past year, to unravel the statistics and uncover the state of the economy, Singapore Business has produced a Yearbook that takes- a look at the past for an; indication of the future, So you can295 words
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Advertisement44 1987-03-07 8 BX latter* from raadara. Your lattara must indudo your aignatura, full nam*, addraaa, and homo and offica talaphona numbara, if any. You may add a psaudonym, if you wish. Addrats your lattars to: Tha Editor, Buainaaa XI mas, 390, Kim Sana Road, Singapore 0923.44 words
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Page 8 Miscellaneous
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Miscellaneous797 1987-03-07 8 CRYPTIC PUZZLE ACROSS 8 Because, as we found out did predict it (7) 9 How well one fared in the big city? (9) 13 The one in the drawing is no beauty) (5) 14 Between one thing and another, had Ned locked up (5) 15 The game is a fraud,797 words
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Executive Lifestyle
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Article208 1987-03-07 9 THE $20,000 TAX REBATE for couples with a third child means that those who pay up to $4,000 in taxes a year would be exempt from paying taxes tor the next five years. Some people were quick to note the scheme's similarity with five-year tax holidays208 words
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Article279 1987-03-07 9 TRENDS UPI THE MAZE Is making a coma-back. All ovar Britain, all ovar tha world, paopla ara craatlng tanglaa In which to gat loaL "Thay'ra )uat tramandoua fun," said Undaay Hayaa, a maza axpart who haa daslgnad and grown hla own touristattracting Jubilaa maza naarUPI - 279 words
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Article, Illustration1436 1987-03-07 9 J R BITTLESTON - J R BITTLESTON "IT MUST BE CONSIDERED that there is nothing more difficult to carry out, nor more doubtful of success, nor dangerous to handle, than to initiate a new order of things." I don't agree with MachiavelH's methods (and, of course, he was writing about1,436 words
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Article, Illustration919 1987-03-07 9 MARTIN SOONG - By MARTIN SOONG IDENTITY CRISIS is a workaday experience for muppetmeister Jim Henson. Not since Norman Bates in the Alfred Hitchcock classic Psycho has a man been so obsessed with being someone else. Mr Henson, 50, has spent more than half his life919 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration906 1987-03-07 10 RICHARD SEAH - HEALTH By RICHARD SEAH NEWS ABOUT contaminated spring onions is the sort which is sometimes used to argue against being too concerned with eating only healthy food. "See, even vegetables can cause cancer," the argument would go. Yes they can.906 words
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Article, Illustration542 1987-03-07 10 JEFFREY TSANG - MOTORING By JEFFREY TSANG CONTINENTAL MAKES are having it good in spite of the recession. The gloom is lifting in some quarters of the economy and people are beginning to spend on cars again, particularly in the non "bread-and-butter" category where most Continental makes are positioned.542 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration701 1987-03-07 11 LAWRENCE TAN - CINEMA By LAWRENCE TAN Dear Celie, Saw a movie the other day. Movies are things they show in the dark about other people's lives. Moving pictures in glorious, beautifully-framed colour. This one was anyway. In fact, it was called Tho Color Purplo. And it was701 words
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Article, Illustration689 1987-03-07 11 MARTIN SOONG - BEAUTY CONTESTS By MARTIN SOONG THURSDAY NIGHT. It was raining like a leaky faucet. Must have been Bpm. I stepped out of ths newsroom for a cigarette while the other poor jerks were keeling over to make deadline. Dangerous business, journalism. Then I689 words
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Article897 1987-03-07 11 CINEMA: Invaders from Man starring Karen Black, Hunter Carson and Timothy Bottoms. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Deadly Friend starring Matthew Laborteaux, Kristy Swanson and Michael Sharrett. Showing at Capitol: 11; 1.45; 4; 6.30; 9.15. The Golden Child. starring Eddie Murphy and Charlotte Lewis. Showing at897 words
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Article, Illustration695 1987-03-07 11 WALTON MORAIS - STAGE By WALTON MORAIS THE TRAGEDY of Zemphira is that they chose to do it at all. With all due respect to Pushkin, his tragic narrative poem The Gypsies (The Tragedy of Zemphira) required a lot of stretching to give the impression of695 words
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492 1987-03-07 11 SHORTTAKES THE LIFE AND TIMES of John Lennon will be brought to the motion picture screen by producer David L Wolper in In My Life, a documentary under the Warner Brothers banner. Production lor In My Ufa will begin next month under492 words
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Article, Illustration153 1987-03-07 11 THERESA YOUNG filled out her entry to Lifeatyto'a recent Singapore Monopoly competition, left it in her briefcase, forgot •bout it and went off on a trip to Australia with it. Somehow though, the entry found its way to Waddingtons International, and the winner is now set153 words
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Executive Lifestyle: Sports
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714 1987-03-07 12 Brian Miller - on TMCK f with Brian Miller with Brian Miller WHAT A DIFFERENCE a week makes. Just last week, punters were staring at a diluted card of six races each on Saturday and Sunday. To make matters worse, five of the 12 races714 words
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445 1987-03-07 12 WATER SKIING LOCAL WATER SKIERS wilt hold their first tournament for the year today. This will also be the first of four qualifying rounds to select the team that will represent the Republic at the Singapore International Water Ski Championships in September. This national445 words
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Article, Illustration468 1987-03-07 12 TENNIS Reuter SECOND SEED Chris Evert Lloyd took advantage of swirling winds in her native Florida on Thursday night to beat Hana Mandlikova and advance to the final of the US$l.B million International Players' Tennis Championships. Lloyd defeated the fourthseeded Czechoslovak in straight sets 7-5 6-0Reuter - 468 words
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454 1987-03-07 12 GOLF AP MIKE SULLIVAN of the United States took advantage of his early starting time to compile a 7-under-par 65 for a four-stroke lead on Thursday after the first round of the Honda Classic in Florida. Compatriots Brad Faxon and Mark CalcavecchiaAP - 454 words
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Article, Illustration640 1987-03-07 12 BOXING UPI JAMES "BONECRUSHER" SMITH says he has found no hard evidence to prove Mike Tyson is as good as most boxing fans say he is. Smith, the World Boxing Association heavyweight champ, is a 6-1 underdog against World Boxing Council champion Tyson in theirUPI - 640 words
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269 1987-03-07 12 AFP CRASH BARRIERS are to be introduced at the British Open in Muirfield, Scotland, in July and stewarding is to be increaaed in order to control spectators. The precautions follow complaints from several top players, including reigning champion and world number oneAFP - 269 words
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Article, Illustration803 1987-03-07 12 MIKE THUMBA - BRIDGE By MIKE THUMBA CHARLES GOREN, a lawyer who became a bridge player and a well-known writer on bridge, is one of those in the early 50s who developed the Point Count System in the American Standard System of the game.803 words
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Executive Lifestyle: Personal Investment
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412 1987-03-07 13 RESEARCH Reuter "GOLLY GOSH". "Omen IV the final conflict". "Play it sgain, Mario". New films? Rock extravaganzas? No. These are a sampling of recent headlines on analytical articles about trends in the stock and financial markets appearing in newsletters which sre circulated amongReuter - 412 words
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Article, Illustration794 1987-03-07 13 RAMESH CHANDIRAMANI - FOREX MARKET By RAMESH CHANDIRAMANI A METAMORPHOSIS of sorts has taken place in the foreign exchange market the raging dollar bears have gone into hibernation, and it now appears that a form of currency stability ia at hand. Indeed, while the sentiment on the US794 words
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Article, Illustration414 1987-03-07 13 Ramesh Chandiramani - II A Ffc iinaiaru A| IB mm am I» /«Fv-'irvui. mm I■jr; n gM iivaiLVj'iiHi %fr [fmuvwju -*>v* Ramesh Chandiramani WHILE STILL REMAINING bullish over thf long-haul, this columnist has statsd that tha market could do with a modest correction. The daily414 words
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613 1987-03-07 13 INVESTMENT FUNDS NYT UPI ARE CLOSED-END investment companies the newest takeover prey? That's what some experts are asking in the wake of an unsolicited acquisition offer for the Japan Fund, a closed-end fund that seeks capital gains by investing in Japanese securities. It is the unusualNYT; UPI - 613 words
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850 1987-03-07 13 Ramesh Chandiramani - CORPORATE PERFORMANCE mm wsta -bf Ramesh Chandiramani THE MAIN corporate reporting season for interim and year-end report by Singapore companies is now upon us, and, judging by the optimistic noises being made by local and international analysts. is likely to provide the850 words
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537 1987-03-07 13 'Farewell' last week's single art sale ART Sothmby's Research Department UNLIKE the previous few weeks, which saw relatively large numbers of routine sales in the art market around the world, this latest week was dominated by one single event. This was the sale in New York of "Farewell of TelemachusSothmby's Research Department - 537 words
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Page 9 Advertisements
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Advertisement80 1987-03-07 9 ..V »V fi f >• 1 v i t! 9 s k Sr Steel/gold with Diamond bezel. -3 mm From 581.750 to 5816.300. Showroom and Service Centre: Singapore Kuala Lumpur The Hour Glass The Hour Glass Centrepolnt Yow Chuan Plaza •01 -21/22 GB/9 Ground Floor Tel: *****98/*****03 Tel: *****01/*****17 Authorised80 words
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Page 10 Miscellaneous
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Miscellaneous2528 1987-03-07 10 Second servings of romance and mystery TODAY: Vanessa Redgrave delivers a mean Second Serve (11.05 pm, Channel 5) in a dual role that has her playing the before and after effects of a man who undergoes a sex-change operation. Based on the true life story of a naval officer and2,528 words
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Page 11 Advertisements
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Advertisement77 1987-03-07 11 \OUVELLE oAPONESQLE FRENCH RESTAURANT DISCOTMEGUE PER I E Happy Honrs. Drinks by the glass at Vfe price From 100pm to &A W&i A Challenge your taste buds with our mix and match cuisines from a choice of 2 or more menus Mondays to Saturdays, Lunch, lea, Happy Hours, Dinner and77 words
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Page 13 Advertisements
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Advertisement27 1987-03-07 13 BT welcomes investment Ideas and viewpoints from brokers, bankers and readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0023.27 words
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SHARE INFORMATION
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Article, Illustration4257 1987-03-07 14 MALAYSIAN second-liners continued to dominate trading on the Singapore stock market yesterday, which saw gaining issues leading losers 96 to 68. Profit-taking was evident in trustee stocks while only a handful of blue chips, such as DBS, ICS and NST. managed dou-ble-digit rises.4,257 words
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Article260 1987-03-07 14 SINGAPORE 0 I s Rises Indicts Mor 5 Mar 1210 ♦30 •T ClwpuiM ***** 94*34 Tranwworcc 424 2* ITMcaig. *****60) *****780 M*J Km N S T 50* 148 ♦18 •T Ot/OS 192 141 ♦13 •T Cadi •*120 -409* Mrto Aico 50< 122 14 •TOtV *****9 ♦SSI74* •wtai260 words
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Article4162 1987-03-07 14 BID 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 unices otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".4,162 words
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COMPANY NEWS
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432 1987-03-07 15 MBT PUBLIC BANK, the fourth largest bank in Malaysia, is understood to be discussing with G P Securities the acquisition of a controlling interest in the latter. This is in line with the corporatisation of the stockbroking industry in Malaysia. Sources saidMBT - 432 words
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258 1987-03-07 15 MBT AFTER SUFFERING five years of losses. United Engineers Malaysia (UEM) is now back in the )lack. The engineering group turned in pre-tax profit of M 5362,000 for the year ended Dec 31, 1986. Profit before tax and interest was $1.5 million. ThisMBT - 258 words
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220 1987-03-07 15 THE FUTURE FORM of Sealion Hotels has begun to take shape with the creation of a whollyowned subsidiary to trade in securities. The company announced yesterday that it incorporated First Capital Investment Pte Ltd on Feb 24 with a fully220 words
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Article2528 1987-03-07 15 810 and offer prices officially listed and 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 AOHO (***** AJhomoio *****) Alm HMQ I—4 AJeom (22,528 words
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Article134 1987-03-07 15 CHEMICAL COMPANY of MALAYSIA Bertiad: EGM at the Kedah Room, Basement 2, Shangri-La Hotel, 11 Jalan Sultan Ismail, ***** Kuala Lumpur, on Tuesday, Mar 17, at 9.30am to be followed by the 25th AGM. THE NEW STRAITS TIMES PRESS (Malaysia) Bertiad: EGM in the Theatrette, Balai Berita, 31134 words
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610 1987-03-07 15 NAJEEB JARHOM - Block of 6.48 m shares sold for $44.91 m By NAJEEB JARHOM THE PACE of change in the shareholding structure of Singapore Land has gathered momentum with the disclosure that Chartered Capital Corp Ltd. Hongkong, a subsidiary of Standard Chartered Bank, has610 words
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LATEST RESULTS
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Article51 1987-03-07 15 Group profit after tax and minorities of $21.6 million ($l6 million) for the year ended Dec 31, 1986, giving earnings per share of 57.6 cents (42.7 cents adjusted). A final dividend of 15 per cent less tax has been recommended and is proposed to be paid on April51 words
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33 1987-03-07 15 BRITISH MALAYAN Trustees Ltd BRITISH MALAYAN Trustees Ltd Operating profit after tax of $66,000 ($106,000) on turnover of $217,000 ($316,000) for the half year ended Dec 31, 1966. No interim will be paid.33 words
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Article29 1987-03-07 15 Loss after tax and minorities M 5677,000 (profit M 5839.000) on turnover M 510.2 million (M 516.5 million) for the six months ended Dec 31, 1966.29 words
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Article50 1987-03-07 15 Group net loss of M 51.35 million (profit of M 55.75 million) for the six months ended Dec 31, 1966, giving loss per share of 1.5 cents (EPS of 3.2 cents). Directors have declared an interim dividend of 2.5 per cent per share payable on June 16.50 words
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326 1987-03-07 15 BULLS continued to hold sway on the Kuala Lumpur stock market yesterday, pushing share prices higher across the board. Blue chips remained firm while lower-liners took centre stage. A broker said that local investors were showing renewed interest in the market, with special326 words
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Article108 1987-03-07 15 HONGKONG Hongkong Index Friday 1792.71 Thursday *****0 Week ago 1841.20 Hang Song Index F"doy *****4 Thursday *****4 Week ago 2877 87 TOKYO Nikkei Average Friday *****.85 Thursday *****03* Week ago ***** 66 TSE Index Friday *****9 Thursday *****1 Week ago *****5 SYDNEY All Ordinaries Friday ****** Thursday *****108 words
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Article232 1987-03-07 15 Manag#™ 1 price» MARA-Bumiputra for Mar 7 4 9 F>m B'putra 4.11 ili Socond B'putra 547 552 Singapore Unit Trust Third Bputra «28 «33 Tk. Commerce I OS I II Four 8 pu,fo 489 4W Th! wZ rld 0« n 97* F,W> 'P u,ro 326 331 !*,.3 o!?232 words
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Article840 1987-03-07 15 LONDON equities opened mainly easier yesterday on the last day of the account in relatively quiet trading. At 10.30 am, the FTSE 100 Index was down 10.2 points at 1,992.6. On Thursday, FT 30 Index lost 10.4 points to 1.602.0 while the FTSE 100 Index was up 0.1840 words
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Page 15 Advertisements
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Advertisement685 1987-03-07 15 NOTICES Mii' INDIA LTD. 0 A EAAAMMtAA^ IA ViOVVfnmfni Of liKjUI Cnitrpnti) "SHIPPING HOUSE" 245, MADAME CAMA ROAD, [t j :f_\ jM' f* TTNTiTTiiiTT Sealed tenders are invited from experienced/reputed shipchandlers who are having at leaat two years' of practical shipchandling experience with shipping companies of repute and preferably who685 words
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433 1987-03-07 16 ANNA TEO - Company's 'total approach' to be considered By ANNA TEO AN IMPRESSIVE FINANCIAL and productivity track record won't be enough to clinch any company a National Productivity Award this year. Under scrutiny too will be the level of workers' training, information sharing and433 words
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Article, Illustration512 1987-03-07 16 MONICA GWEE - By MONICA GWEE FJ BENJAMIN Sons Re Ltd (FJB) has pulled off a retail coup of sorts by securing the rights to the Gucci business in Australia. A wholly-owned subsidiary of the Singapore company will handle all distribution and boutique512 words
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296 1987-03-07 16 SATS CARGO SERVICES is increasing its warehouse space and upgrading facilities through a $40 million project which will provide an additional area of 15,000 sq metres. This space will be created by constructing two half-terminals at the end of two existing terminals.296 words
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443 1987-03-07 16 NYT AT A TIME when large banks all over the world are worried about a deepening of the Latin American debt crisis, Japan's leading banks are ready to try a novel approach to ease their share of the burden. According to a Japanese FinanceNYT - 443 words
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Article283 1987-03-07 16 Bernama THE KUALA LUMPUR roundtable discussions yesterday agreed on the need for Asean to embark on radical policy changes and adjustments to meet the global economic situation. This means that Asean policies must be updated and its information system should be improved, including having anBernama - 283 words
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Article75 1987-03-07 16 Reuter TAIWAN WILL IMPOSE new controls on foreign exchange remittances to Taiwan to stem the flood of speculative money to the island, the central bank said. From March 12, remittances of more than US$l million earned from exports, shipping and insurance and bank interestReuter - 75 words
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160 1987-03-07 16 THE SHIPPING INDUSTRY, which has been given a new lease of life by cost-cutting measures introduced last year, is concerned about the new levy on foreign workers, said a senior shipping executive. Speaking on SBC's Friday Background programme last night, the chief executive of160 words
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291 1987-03-07 16 HONGKONG-LISTED Intercontinental Housing Development (IHD), headed by businessman Chng Poh, has withdrawn its offer to buy Emporium Holdings (S) Ltd. This follows an announcement earlier this week that local-ly-listed Hotel Properties has entered into a preliminary agreement to invest in Emporium. IHD's offer, made291 words
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Article60 1987-03-07 16 Reuter THE National Bank of New Zealand Ltd said its February business opinion survey showed businesses expect inflation to fall to 14.4 per cent in calendar 1967, from 18.2 per cent for the year ending September 1966. The business community also expects the retailing, manufacturing andReuter - 60 words
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167 1987-03-07 16 AS TERTIARY EDUCATION is the most costly level of education and those who qualify are a privileged few, it is right and equitable that university students should pay more for their education, said the Minister of State for Education, Dr Tay Eng Soon. Speaking167 words
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173 1987-03-07 16 Reuter HOLIDAY CUTLER Bath Sdn Bhd. a subsidiary of Teck Hock and Co (Pte) Ltd, will be sold to Soffo NA, a French plantation and rubber group, a spokesman for the Malaysian company said yesterday. Holiday Cutler Bath officials declinedReuter - 173 words
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106 1987-03-07 16 Reuter THE SINGAPORE International Monetary Exchange (Simex) will discontinue night trading in the US Treasury bond futures contract from April 2, following the Chicago Board of Trade (CBOT)'s decision to operate a night trading session from the same date. The CBOT's plan to tradeReuter - 106 words
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Article, Illustration165 1987-03-07 16 SINGAPORE PRESS HOLDINGS (SPH) has unveiled a logo that captures its drive towards high technology. The logo comprises the stylised initials of SPH. It waa unveiled yesterday by chief executive Frank Yung. Mr Yung said it "sums up the aspiration of SPH165 words
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Article85 1987-03-07 16 Reuter COMEX GOLD FUTURES turned lower on selling by a major managed fund account and by traders yesterday morning after gaining on buying by professionals. Gold for delivery in April was off US$l.OO at U*****.80 an ounce following a brief upturn to U*****.70. Silver futures recoveredReuter - 85 words
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Article66 1987-03-07 16 Reuter STOCK PRICES were lower in moderate trading yesterday. A larger then expected increase in February non-farm payroll employment shook some investor confidence and caused confusion about the course of the economy. Weaker bond prices hurt interest sensitive stocks. The Dow Jones Industrial Average fell three pointsReuter - 66 words
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LATE FILE
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Article56 1987-03-07 16 AFP THE battle between the world'a music companies and Japan's electronics producers over digital audio tape (DAT) has reached an impaase and only intervention by the US and European authorities can force Japenese industrialists to abandon their attitude, said the chairman of the International Federation ofAFP - 56 words
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Article53 1987-03-07 16 Reuter PRESIDENT Corazon Aquino yesterday set up an umbrella organisation to promots investment in the Philippines and to help domeetic and foreign investors. The council tor investment in trade, tourism, agriculture, natural resources, transportation, communications and services will be headed by Trade and Industry SecretaryReuter - 53 words
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Article32 1987-03-07 16 AP THE US government's Ex-port-Import Bank has decided to rats borrowing countriss in fivs grsdss depending on ths spparsnt risk involved, said bank prssidsnt John Bohn ysstsrdsy. APAP - 32 words
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Article47 1987-03-07 16 Reuter JAPAN'S Ministry of International Trad* and Industry has asked the country's carmakers to limit any increess in exports to Europe. A lop Miti official said yssterday that it wanted carmakers to refrain from stepping up their shipments to Europe dramatically. RouterReuter - 47 words
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Article41 1987-03-07 16 Reuter CAMBOOIA dominated a series of talks yesterday between visiting Soviet Foreign Minister Edusrd Shevardnadze and his Indonesian counterpart, Mochtar Kusumaatmadjs in Jakarta. "Both sides said they will work toward a settlement of Cambodia" said Mochtar. ReuterReuter - 41 words
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Article60 1987-03-07 16 Reuter LESTER PIGGOTT, who has been Britain's chsmpion jockey 11 times and built up s fortune before retiring to become a trainer, faces a fresh charge of failing to pay value-edded tax when he appears in s London court on tax evasion charges later this month,Reuter - 60 words
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Article42 1987-03-07 16 Bernama THE Kuala Krai Umno division has nominated Trade and Industry Minister Tengku Razaleigh Hamzah to be the party president The division, which held its delegates conference yesterday, nominated Umno deputy president Datuk Musa Hitam to defend his poet. BernamaBernama - 42 words
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Page 16 Advertisements
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Advertisement89 1987-03-07 16 Let BT show you the ropes for effective management every Monday BT, Singapore's biggest business daily, has two full pages on Management every Monday. This is essential reading for all successful professionals and executives. Incisive management news it ferreted out by our trained writers who comb the sectors and interview89 words
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Page 16 Miscellaneous
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Miscellaneous37 1987-03-07 16 ■rt M Report lor 2S hour* 7.30pm on March at port Maximum tamparaturo Associated humidity ii..■■■ I ijlii. MfOCiiTtG numtavry Hours of sunshino PalilmH U hi IHliii ail a nwiMii in vtuvvniwii w nuny oiyv uiii rTfonm37 words
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