The Business Times, 11 April 1987

Microfilm: NL15768
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    13 1 BUSINESS TIMES M.C. (P) No. 112/12/86 Weekend Edition, April 11-12, 1987 75 CENTS
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  • Article, Illustration
    FINANCIAL NEWS SUMMARY
    227 1 Exchange rates US$t 142.65/75 yen, 1.8135/45 DM, S$2.1370/80 L US) 1.6230/40 M). SS0.8585/95 Slmex DM (June)0.5533 38 Evro-S (June) 93.10 (-20 Yen (June) 0.*****3 133) Pound (Jun) 1.6145 (+16) Nikkei Index (Jun) ***** (-125) US T-bond (Jun) 94.28 (-85) Gold prices S'pore (buyer's quote) US$433.20 US$12.40) London
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  • Article
    Personal-computer makers rehearse the scenarios
    639 1  -  The ==y§ challenge mmmm wmammm* mmm mmm By JEFFREY TSANG THE RECENT introduction of a new range of personal computers by International Business Machines has put local manufacturers of clone machines in a state of suspense. But even as they ponder their next action, they
    639 words
  • Article
    Tokyo shares at record high
    125 1 TOKYO'S booming stock market soared to its fourth consecutive record closing high yesterday. Investors ignored Thursday's plunging market on Wall Street and turned their backs on the yen's rise against the US dollar. The market index rose 294.39 to a record 23,216.59. "It was a
    125 words
  • Article, Illustration
    Japanese car prices take a turn upwards
    499 1  -  By JEFFREY TSANG CAR BUYERS who turned up at dealers" showrooms on April Fool's Day only to find that several of them had revised their price lists upwards could not have found it funny. But rise the car prices did. And some dealers
    499 words
  • Article
    Lock icon Dollar hits record low against yen
    401 1 Reuter THE DOLLAR yesterday plunged to a record low against the yen in Tokyo and dealers predicted the US currency might tumble even further despite intervention in the foreign exchange markets by financial authorities. The dollar recovered to 143.15 yen at noon, having dropped
    Reuter  -  401 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      224 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM INSIDE V. V_v„ OUR VIEW IN THE HECTIC WORLD of the touring sports professional, travel costs are a major burden. Which is why SlA's sponsorship of two players in the Carlsberg Singapore Women's Open tennis championship is welcome news. But perhaps the national carrier
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      Page 1 Advertisements Column 2
      11 1 ON BACK PAGE: Precious metals soar Japan posts record trade surplus
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    • Advertisement
      Page 1 Advertisements Column 3
      407 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Savouring the Burmese IHe Page 9 Piiiinl TrMi Charging ahead with Red Bull Page Marriage of two services Page 12 A fast-forward review Page 12 TV programmes Page 12 New-found energy Page 13 Jazz from the Great Outback Page 13 Sterling offers potential Page
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  • HOME NEWS
    • Article
      Textile trade to have one of its best years
      491 2  -  By BOEY KIT YIN SINGAPORE'S clothing and textile industry is expecting to earn more than $1.4 billion from exports this year. "This year is one of the best years in the industry. We will see a surplus on top of what
      491 words
    • Article
      Singapore Biotech to make diagnostic kits for infectious diseases
      385 2  -  By ANNA TEO SINGAPORE BIOTECH, with a $20 million project to make Hepatitis B vaccine on the cards, is adding diagnostic kits for infectious diseases to its product line. The company, in which the Singapore government has a 75 per cent
      385 words
    • Article
      New package to see old sights
      121 2 HOLIDAY IN your home town. This is the line many hotels are taking in these difficult times. Amara Hotel has come up with a new angle to that line. It is offering a "Discover Chinatown Holiday" which gives Singaporeans a chance to stay in
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    • Article
      Lawyers to meet here
      101 2 SOME OF the world's leading lawyers will be meeting in Singapore for two major conferences later this year. Some 120 lawyers of the International Academy of Trial Lawyers will attend a four-day meeting in September as part of an Oriental tour. The second conference will involve
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    • Article
      When 600 girls came a-calling
      159 2 SIME DARBY Marketing wanted about 60 "pleasant and fit-looking" female university or polytechnic students to promote a new product. On Wednesday, the day the newspaper advertisement appeared, the company was swarmed by some 500 girls all keen to make $30 a day distributing leaflets and
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    • Article
      US information services firm awarded pioneer status
      433 2  -  By JEFFREY TSANG AN AMERICAN information services company has been awarded pioneer status for its high-technolo-gy method of helping retailers choose the site of their shops. MPSI Systems Inc of Tulsa. Oklahoma, was presented with the pioneer status yesterday at the opening of
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  • Article
    SHIPS IN PORT
    1231 2 AT CONVENTIONAL WHARVES Ams Despatch 1 M3A 11 04/0900 11.04/1700 Hong Woon M36 11 04/0700 1204/0600 VnnI Berth Arrival Departure laju V MIB 11.04/1100 11 04/1700 KEPPEL WHARVES CS Ocean K34 alongside 1104/0700 SC 2282B SC 2532E M4A M4A 11.04/0000 11.04/1200 11.04/1200 1104/1600 Con Gossan K16 alongside
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      175 2 M m un v M If you love chillies here's a food W fiesta you just can't miss. W Come to the Mexican Food r Fiesta at The Golden Dew Coffee House, The Dynasty Singapore, and tuck into such hot favourites as Chiles Rellenos (Stuffed Chillies) or Chile Con Carne
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  • OVERSEAS
    • Article
      Lock icon Democrat-backed budget likely to provoke fight with Reagan
      430 3 Reuter THE DEMOCRATIC-controlled House of Representatives has passed a trillion-dollar 1988 federal budget calling for new taxes and domestic and defence cuts certain to touch off a new series of policy fights with President Ronald Reagan. After scuttling Mr Reagan's own budget
      Reuter  -  430 words
    • Article
      Lock icon The president is all for technology
      224 3 NYT PRESIDENT Reagan has praised technology as the parent of job creation. Recalling the rapid pace of breakthroughs in his lifetime, the President portrayed technology as crucial to economic development and job creation. While acknowledging that there is social tension between the future jobs
      NYT  -  224 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      880 3 ARRIVALS Operator Service Local From number time SIA SQ41 0615 AAAA AAK MK746 0725 MRU SIA SQ411 0820 BOM AAAS MH681 0820 KUL SV SV398 0835 JED/RUH KAL KE624 0840 KUL AC AC858 0850 YYZ/LHR/BOM MAS MH811 0910 PEN MAS MH671 0920 KUL CPA CX710 1015 CGK
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    • Article
      Lock icon US and UK veto bid to impose sanctions against South Africa
      203 3 Reuter THE US and Britain have vetoed a bid in the Security Council to impose sanctions against South Africa and their action was at once condemned as support for mining companies. In the vote on Thursday night, nine of
      Reuter  -  203 words
    • Article
      Lock icon Mexico calls for a peaceful solution
      151 3 AP MEXICAN President Miguel de la Madrid has said the destiny of Latin America 1 is at stake in the Central American crisis, and called for a peaceful solution without outside intervention. "In the crisis of Central America, the legitimate interest of the region's
      AP  -  151 words
    • Article
      Aussie union accord
      41 3 UNION and government officials yesterday reached compromise in a dispute over compensation for injured workers, averting widespread industrial disruption in New South Wales, Australia's most populous state. But some militant unions said they were dissatisfied with the deal.
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    • Article
      Lock icon Philadelphia exchange courts Asian business
      310 3 UPI THE PHILADELPHIA Stock Exchange has experienced sharp growth in foreign currency options trading since it pioneered the practice 4% years ago Now it is courting new Asian business and predicting the best is yet to come. "Our optimism on the future growth of the
      UPI  -  310 words
    • Article, Illustration
      Lock icon Baker defends his plan to ease Third World debts
      578 3 Banks must show flexibility in providing new loans UPI US TREASURY SECRETARY James Baker has defended his strategy for solving the Third World debt problem but said commercial banks must show flexibility in providing new money packages to developing nations. Mr
      UPI  -  578 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      54 3 T~"V M I The business person's choice. IJ M 1 L 7 every Tuesday, Saturday and I 1%/ I Sunday. Leaving Changi Airport at M ./V J. V J-LflL \J_ 22:05 hours and arriving Bombay at 00:30 hours. Call your Travel Agent or Air Canada at *****55. Effective thru 30
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    • Advertisement
      Page 3 Advertisements Column 2
      162 3 There are many ways of getting to China, but why not take the best? Let us guide you through the GATEWAY TO CHINA and discover it's centuries of splendours. We offer the widest range of itineraries to all parts of China including: Beijing, Shanghai, Hangzhou, Suzhou, Wuxi, Yangzhou, Zhejiang, Nanjing,
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      46 3 Doonesbury m w m, m m m cr' Hi 4 f A n r* m ii BY GARRY TRUDEAU roseimp, i TULVOU, ROWLAND! SHE'S A GYPSY, THATONE! DOtT TELL HER I TOLD YOU' *s I THINK I'LL GO PANCJHG TODAY. m S -i ;> 7A TO ZIS
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  • BANKING AND FINANCE
    • Article
      Lock icon US abandons bid to reform Latin bank
      295 4 Reuter THE US on Thursday abandoned its attempt to reform the Latin-controlled InterAmerican Development Bailk (IADB) after top nations from the region rejected US proposals for change, a US Treasury official said. As a result. Washington will withdraw its commitment to put up
      Reuter  -  295 words
    • Article
      Forex markets
      753 4 SINGAPORE: The US dollar closed sharply lower yesterday, especially against the yen, in active and nervous trading after the inconclusive G-7 currency meeting in Washington. It closed sharply down at 142.65/75 yen compared with the 143.90/144.0 close in New York, but above its record low of 142.30 yen.
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    • Article
      Foreign Exchange
      219 4 Interbank rates at 3pm yesterday: Currendee Nominal rate* Smlthaontan Local dollars to m uwer croea parny one unit of foreign currency: change US dollar 2.1365 2.1375 2.8196 -24.23 Starling pound 3.4664 3.4702 7.3469 -52.82 Australlon dollar 1.5243 1.5272 3.4286 -55.54 NZ dollar 1.2316 1.2344 3.4286 -64.08 Conadion dollar
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    • Article
      Treasury bill results
      45 4 RESULTS OF TENDER held yesterday for 91-day bills to be issued from April 13 to 16: Offered: $200,000,000 Applied for: $569,560,000 Allotted: $200,000,000 Accepted bids: $99.47 and about 19 per cent. Average rate of discount on allotment: 2.085 per cent per annum.
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    • Article, Illustration
      World interest rates
      189 4 Indicates the average of the prime lending rates of 12 major banks in Singapore Interbank market rates (offer/bid) on April 10 us$ DM SWFC Yen 7 doy* 6 7/16 3/0 10 1/16 9 15/16 3 7/1-3/4 1 3/t I/O 4 1/16 15/16 1 mfh 6 9/16 7/16
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    • Article
      Asian $
      196 4 Asian ASIAN DOLLAR deposit rates closed higher yesterday after moderate trading Short-dates ended firmer Interbank deposit rate* US$ OHf ftid 7 day* 6 7/16 6 5/16 1 mo>i#» 6 9/16 6 7/16 2 monlH 6 5/8 6 1/2 3 months 6 3/4 6 5/8 6 month* 6 7/8 6 3/4
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    • Article
      Simex
      673 4 AFTER gapping sharply lower to 93 07, short covering activity saw the June Eurodollar backing up to 93.12. The outlook was still bearish as the US dollar remained weak The technical trend was also down as the June contract broke major support at 93.22. Liffe opening saw the market
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    • Article
      Money markets
      58 4 THE OVERNIGHT rate on the Singapore interbank market rose one point to close at 4 per cent yesterday. The term rates gained point across the board. S$ Interbank rates at 7pm yesterday: Off* Kd 4 3 1/2 1-month 3 7/16 3 5/1« 7-mori* 3 7/1« 3 5/1« 3-moMfc
      58 words
  • COMMODITIES
    • Article
      Palm Oil
      479 4 Crude palm oil future» closed mixed to unchanged yesterday in one of its worst sluggish performance in weeks on the Kuala Lumpur Commodity Exchange. The market has simply refused to react to several encouraging factors which perplexed traders on the floor as prices were anticipated to rise. Lack
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    • Article
      Oil and Products
      97 4 FUEL OIL continued stable to firm for April barrels with May talking lower prices. Gasoil was firmer on interest for position-tak-ing. Kerosene was mixed Naphtha was weaker as buyers withdrew to lower prices. LSWR remained thin but marginally weaker. Crude (FOB origin) USS/borr*l Owngt Duboi (May) 1
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    • Article
      KL Tin
      59 4 THE PRICE OF TIN on the Kuala Lumpur tin market eased one cent to close at M 516.60 per kilo yesterday, In fairly quiet trading on lack of strong support. At the close, a final 73 tonnes were traded. Dealers believed some finan-cially-troubled miners continued to sell. The
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    • Article
      Precious Metals
      247 4 HONGKONG: Gold finished unchanged from New York's close in hectic trading as heavy profit-taking prevented it from gaining further ground. It closed at U*****.20/70 an ounce from a high of U*****.75/434.75 and compared with the U*****.70/U*****.20 close here on Thursday. On the local market gold closed HK$99 higher
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    • Article
      SSR and SMR
      89 4 (cents/kg, 1 -ton pollen) MAY 87 JUNE 87 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 170.50 172.50N 170.50 172.5 ON SSR 50 169.50 170.50N 169.50 170.50N MRELB Buyers Sellers Buyers Sellers SMR CV 240 50 242.50N 241 50 243.50N SMR I
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    • Article
      Rubber
      224 4 SINGAPORE The market closed higher with May 1 RSS buyers quoted at 196 25 cents/kilo, up 1.50 cents from Thursday. The rise was mainly in the morning session, when prices advanced on some speculative buying and short covering in thin trading. Prices hovered narrowly in light afternoon trading. On
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    • Article
      RAS and MRELB
      285 4 RAS prices In S cents/kg, FOB In tMlM NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 199 50 200.50N 199.50 200. SON Int 1 RSS May 87 196.25 196.75 196.25 196.75 Int 1 RSS Jun 193.00 193.50 193.00 193.50 lot 2 RSS OP 183.00 185.00N
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    • Article
      Produce Prices
      282 4 Chinese Produce Exchange Sollon' noon dodng prlctt on April 10 (SS/100 kg) Coconut oil Bulk FOB 88.00 Otd drum FOB 98.00 Now drum FOB 102.00 Copra Mixod (loo**) 50 Pepper tottors Muntofc wMto FOB NIW 1085.00 Sarawak whit* FOB faq NIW 1070.00 Sarawak spodal block FOB NtW 910.00
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    • Article
      London Markets
      343 4 London Commodity Exchange Buyer/Seller doting prices on April 9 (£/tonne uniess specified) Prevfous day's doting prices in parenthesis Coffee Basis in-store London, sellers option CIF London May 1290/1291 (1299/1300) High/Low 1336/1290 My 1301/1302 (1300/1305) High/Low 1340/1301 Sale* (4303 Cocoa May 1285/1288 (1282/1283) High/Low 1290/1280 July 1315/1316 (1311/1312) High/Low
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Guinness lawyer used fee to pay taxes, court told
      405 6 FT THOMAS WARD, the US lawyer who has refused to resign as a director of Guinness, has paid more than half the £5.2 million (US$B 42 million) consultancy fee that Guinness is trying to recover from him in US taxes, the
      FT  -  405 words
    • Article
      Lock icon Inspectors to investigate House of Fraser
      105 6 Reuter THE BRITISH government has appointed inspectors to investigate the House of Fraser company, owners of the exclusive Harrods department store, bought by the Egyptian Al-Fayed family two years ago. A Trade Department announcement said the inspectors had been asked to look particularly at
      Reuter  -  105 words
    • Article
      Lock icon Dollar's decline triggers selloff on NYSE
      390 6 Reuter STOCKS TUMBLED in a nervous selloff on Thursday amid anxiety over the course of interest rates and inflation and the fear foreign investment in the US may subside. The dollar's sharp decline against the yen and subsequent weakening of bond prices triggered the
      Reuter  -  390 words
    • Article
      Toronto
      145 6 APR M Abitibi C 39% 52% -1 Imp Oil CI A Inco Int Prow Pipa lu Intl Karr Addiaon 68% 22% 46% 2S% 25% -2% unch unch -1% Algoma Stl .17 unch McMiI Btdl 27 Bank Nova Scotia Bank Of Monlraal Ball Canada 18% 33% 42 unch Motson A
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    • Article
      Johannesburg
      212 6 APR M RAND INDUSTRIALS Trust Bk Un Steel Wooltru 195 90 1650 -♦•5 unch unch A Alpha 1625 370 -25 -10 7300 50 Aeci ***** Angvaal ***** 540 -20 Blyvoor 2550 >50 AMIC 6500 7600 Barlows 2325 25 C G Smith CNA Currie Finance Edgars 3800 410 535 *****6
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    • Article
      New York
      656 6 APR Oi US t Alctn Alumin Alcoa Alleg Intt Allied Sig Allis-Chalmers Am Brand* Inc Am Can Co Am Cyanamid Am Elec Pwr Am Express Am Homa Prod Am Motor* Cp Amu Inc Amarada Hees Amoco Corp Amr Corp Armco Inc Aaarco inc Att Richfield AH Avon Products
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    • Article
      European markets
      919 6 Amsterdam AMI 0* FLS ASN 530 00 Aagon 94 90 11 Ahold ***** -1 3 Auo 139 30 -0 7 Alrenta 145 50 -02 AMEV 69 90 -2 3 Amro Bank 84 50 -16 Am St ad 128 70 -06 Barkal 19 50 0 5 BOCS 163 00
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      408 6 IS p T K 3i sr* r> 8s »X£f% MBL? -if c n_9 Baron's Table Sunday Brunch... you'll love it/ Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only 525.50 per adult and
      408 words
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      Page 6 Advertisements Column 2
      236 6 London stocks on Page 15 KUR* f€sTiVftL March 28— April 12 Step into the Crown Prince Hotel and enjoy the Japanese springtime in Singapore. Cafe de Prince •Sakura buffet lunch and dinner with delightful Japanese delicacies like tempura, vakitori, sukivaki as well as local and western favourites. $18 per adult
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  • ASIAN STOCKS
    • Article
      Hongkong
      444 7 HONGKONG: Profit-taking after Thursday's strong advance pushed share prices to a lower close yesterday in moderate trading, brokers said. The Hang Seng Index lost 19.06 to end the day at 2,766.41 after falling some 27 points in early trading. The Hong Kong Index shed 12.37 to 1,777.49. Turnover was
      444 words
    • Article
      Taipei
      283 7 NT 4 35 40 40 .48 70 78 50 41 70 31 20 11 All Sincere Indus Asia Cement Cathay Cons Chang Hwa Bank Chang Loong Chla Hsin Cement Chin Hsin Flour 0 2 04 0.4 -0.5 13 Kuochan Oev Lee Chang Yuen Chem Indus Lien Hwa Indus Nan
      283 words
    • Article
      Tokyo
      448 7 TOKYO: Share prices soared to a record close for the fourth straight session in heavy trade yesterday, mainly on massive buying of financial issues. The market average shot up 294.39 points to a record closing 23,216.59, up from Thursday's 22,992.20. Declines led advances five to four in turnover of
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    • Article
      Manila
      89 7 APR 10 pesos Marsteel 0 027 Oriental B unch Phil Overseas 0 042 -0 001 Acoje Mining 002 Apex Mining B Picop B o 07 0 0025 Atlas Con B 24 50 0 5 PLOT 360 Baguio Gold San Miguel B 140 3 0 005 unch Basic Petroleum 0
      89 words
    • Article
      Sydney
      472 7 SYDNEY: Frenzied trading in Australia's leading gold issues following a U5512.40 leap in bullion prices pushed the share market to all-time highs yesterday. Gold stocks, already at record levels following three weeks of gains, soared to new heights as bullion reached U*****.75 an ounce in local trade. The Gold
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    • Article
      Seoul
      116 7 APR 10 Cheii Sugar WON 3070 9460 •10 -290 Kai Kangwon Ind Kia Motor Kolon Ind 1368 ***** 1700 4200 3 ♦250 -29 Daewoo Corp Daewoo Heavy Danhin Securities 1036 1337 3650 ***** -6 -28 •100 -90 Korea Long Term Lucky Ltd Oriental Brewery Oriental Chem 2111 1430 *****
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    • Article
      Lock icon Bangkok
      157 7 Reuter BANGKOK: The Stock Exchange of Thailand Index rose 6.65 to 243.82 on a turnover of 2,425,404 shares worth 413.2 million baht. Reuter AMI If BAHT Ao Kham Thai Ayudhya Investment 286 Bangkok Agro-tod 92 2 4 Saha Union Siam Cement Siam City 206 1005 2 90 Bangkok Bank
      Reuter  -  157 words
    • Article
      Lock icon Two Thai stocks suspended
      79 7 Reuter THE SECURITIES Exchange of Thailand has suspended trading in shares of Thai Investment and Securities Co and National Finance and Securities Co. It said the suspension was to enable SET officials to check the trading records of the two companies, whose share prices have risen
      Reuter  -  79 words
    • Article
      Lock icon Tokyo exchange to decide on enlarged membership in Nov
      410 7 FT THE TOKYO Stock Exchange (TSE). under heavy pressure to admit more foreign members, has said that it will not make any decisions on increased membership until this November. Mr Michael Howard, UK UnderSecretary for State for Corporate Consumer Affairs, made
      FT  -  410 words
    • Article
      Lock icon Kokusai plans Tokyo listing
      90 7 Reuter KOKUSAI SECURITIES Company intends to list its shares on the Tokyo Stock Exchange (TSE) on May 1, a company spokesman said. Its listing is subject to approval from Japan's finance ministry. Kokusai plans to float 15 million shares at an opening price of 2,960 yen
      Reuter  -  90 words
    • Article
      Lock icon Nissan, Mazda set output record
      85 7 UPI TWO MAJOR Japanese car manufacturers have reported mile-stone accomplishments in the history of their car production and exports. Nissan Motor Co. Japan's No 2 car maker, said its exports topped 20 million units on Wednesday, 52 years and eight months after the company began
      UPI  -  85 words
    • Article
      Lock icon Sale of a vital block of shares in San Miguel blocked
      213 7 FT THE SALE OF ABOUT 32 per cent of San Miguel Corporation's shares that will decide the control of the Philippines' largest manufacturing company has been blocked in a flurry of court cases. The Securities and Exchange Commission this
      FT  -  213 words
    • Article
      Lock icon Jardines replaces 'B' shares
      130 7 Reuter JARDINE Matheson Holdings Ltd said it would withdraw the previously announced four-for-one bonus issue of 'B' shares and replace it by a two-for-five bonus issue of ordinary shares. A statement said the firm expected to pay total dividends for 1987 of not less than 40
      Reuter  -  130 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      580 7 V* A/'"*- vv- •A z International J£a Ttth A Explore the world with our detectable menu! Cafe Vanda takes you on an exciting |ffA culinary adventure Indulge in some of the most delicious and internationally famous ij| CTeations like Russian salad, leg of lamb, ham and roast beef on the
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      Page 7 Advertisements Column 2
      198 7 5 IRRESISTIBLE OFFERS! 40% OFF fl all Premium brands and bottle rates Buy one drink and get one FREE Extended Happy Hour 12 noon Bpm 7 *f Entertainment by 2 top bands nightly (6pm 2am*) flrnwcnons A popular show band from the Philippines Otchutd Singapore's t most popular band I
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  • FEATURES
    • Article
      Taking sports to greater heights
      451 8 ONE OF THE BIGGEST financial headaches facing a touring professional sportsman is taking care of air travel costs. As professional sport expands its spheres of influence, few areas on the globe are left untouched. One remembers the great boxer Muhammad Ali travelling to the dark
      451 words
    • Article, Illustration
      Lock icon No longer exclusively male?
      1426 8 Men's last bastion may soon be invaded NYT A 39-YEAR-OLD New York City doctor finds his ethics, formed in the *****, conflicting with his sense of tradition and his desire for the male camaraderie of his sporting club. A middle-aged artist is sympathetic to women who
      NYT  -  1,426 words
    • Article
      CitySec's two-tier package: no deal
      251 8  -  Letters to the Editor H G JUNGJOHANN General Manager Dresdner Bank AG Singapore branch Dear Sir 1) imply that this packReferring to the BT re- age has been submitted to port (March 24, 1967) on the creditor banks; Sun Hung Kai/City Securi- 2) inform the
      251 words
    • Article
      DBS Loan Stock holders have two options
      224 8  -  TAN-YEOH CHEE KOON Manager Public Affairs Department Dear Sir We refer to the letter by CNS (BT, April 4) on the redemption of the DBS S$ 7-% per cent Convertible Unsecured Loan Stock 1991 (Loan Stock). CNS said that Loan Stock holders stood
      224 words
    • Article
      NCB board does not reserve seats for SFCI members
      171 8  -  Seah Kia Ger Board Secretary/ Director, Admin for General Manager National Computer Board Dear Sir, I refer to the article "Propelling Singapore on the road to high technology" in the April 3 issue of Business Times. We would like to clarify
      171 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      303 8 I I XJ£JA|R|BjQ]Q|Kl*j7j 9 The way we were The v«»r io review, Hm» ynmr lo fume SINGAPORE BUSINESS The Yeaibook 1 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
      303 words
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      Page 8 Advertisements Column 2
      44 8 BT w«tcom«s letlsrs from rtatfrn. Your letters mutt Includo your signature, full nam*, addraaa, and homa and offlc* telephone numbers, If any. You may add a paaudonym, If you wish. Addrass your lattars to: Tha Editor, Buslnsss Tlmas, 390, Kim Sang Road, Singapore 0923.
      44 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      783 8 CRYPTIC PUZZLE ACROSS 9 All gone, all right (4, 4) 10 Leaves for a break (3) 11 Do take one on in a fight (6) 12 Emphasise it must be a small quantity in a neat package (6) 13 Having haggled with, paid for (7) 14 Wasn't true music (4)
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      308 9 A STRAWS FAN pointed us in the direction of a supermarket with unusual taste in staff hires. A big sign at the entrance of the Hougang Emporium said: "Our supermarket has vacancies for perishable assistants full time or part time." Even if stationed at the vegetables
      308 words
    • Article
      Taking it all off
      512 9 TRENDS THE LEARNING ANNEX in New York, an adult educational service offering short courses In a variety of subjects, received such an overwhelming response for a recent class that It had to add an extra session. The applicants were women of all ages and walks of
      512 words
    • Article, Illustration
      Charging ahead with Red Bull
      586 9  -  p£A4^W^ With JAIME LYE I BEGAN harbouring homicidal tendencies towards driving testers when I failed my first test in January. For the record, I am not really a bad driver. Far from it. It just so happened that when I started lessons, I had gender
      586 words
    • Article, Illustration
      Savouring
      1341 9  -  By RICHARD SEAH BURMA is like good food served in small portions. Visa restrictions limit the visitor to mere glimpses of this vast and fascinating country. It delights but never quite satisfies. One yearns for more beyond the allotted seven days. It is possible to visit Burma's main tourist
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    • Executive Lifestyle: Sports
      • Article, Illustration
        Lock icon Cook stirs up a storm on the greens
        571 10 GOLF Reuter AMERICAN John Cook grabbed a one-stroke first-round lead in the Masters Golf Tournament on Thursday as Augusta National's fast greens provided a succession of headaches and heartaches for a host of proven champions. Cook, who has won just two tournaments
        Reuter  -  571 words
      • Article
        Lock icon Gomez labours past Curren in WCT
        256 10 TENNIS AP ANDRES GOMEZ of Ecuador needed five sets and three hours, 45 minutes to eliminate American Kevin Curren 6-7 7-6 6-7 6-4 6-2 on Thursday night and advance to the semi-finals of the US$5OO,OOO WCT finals tournament. Miloslav Mecir of Czechoslovakia had a
        AP  -  256 words
      • Article, Illustration
        Planning for the play of the hand in a suit contract
        805 10  -  BRIDGE By MIKE THUMBA THE PLAY of the hand in a suit contract is different from the play in a notrump contract. When you are playing in a suit contract, the top cards such as ace and kings could
        805 words
      • Article
        Lock icon Wine bar manager could keep goal in FA Cup semi-finals
        437 10 FOOTBALL UPI THE MANAGER of a South Wales wine bar could exchange his corkscrew for a pair of goalkeeping gloves today and turn out between the posts for Watford against Tottenham in the semi-fi-nals of English soccer's FA Cup. Gary
        UPI  -  437 words
      • Article
        Lock icon Jack's pack swallows up Buddy's bunch
        442 10 AP THROUGH BOGEYS and birdies, the applause thundered around Jack Nicklaus on Thursday as he played his first round of competitive golf at Augusta National since winning his sixth Masters championship. On a beautiful, sun-splashed spring afternoon, Nicklaus followed Masters tradition when, as defending
        AP  -  442 words
      • Article
        Serene Poh clinches Warren Ladies Open
        333 10 INTERNATIONAL Serene Poh rode on the back of a strong back nine performance to win the Warren Ladies Open golf championship yesterday. The eight-handicapper, who represented Singapore in the last two Queen Sirikit Cup campaigns, played the back nine one-over-par for a 77 and
        333 words
      • Article, Illustration
        Cold Sweat warms up for win in Race 3
        661 10  -  Oh men with Brian Miller HE SURE did look like an extra good thing when he lined up with 10 others in a Class 3 Division 4 sprint last Saturday. But like it sometimes happens, a bump here, a nudge there
        661 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Marriage of two services
        943 12  -  PROFILE By ASAD LATIF "WHY ME?" the Interview begins. I was supposed to be the one asking questions, but here she is, as predicted: very hard to convince, impossible to hoodwink, totally clear about what she wants, and therefore totally decisive in the way she goes
        943 words
      • Article, Illustration
        Guide to spending time unprofitably on buses
        675 12  -  BOOK REVIEW By JAIME LYE ONE THING can certainly be said about Toh Paik Choo. She is perhaps Singapore s (possibly the world s) only tour guide who can carry toilet paper on a bus in Italy and make money writing about it.
        675 words
      • Article
        Fast-forward and you won't miss a thing
        389 12  -  CINEMA by Jaime Lye MAKERS of pornographic movies, if you had kept your finger off the fast-forward button long enough to notice, love to throw in seemingly profound (usually inane) plots in their productions so their "actors" can have something to say before
        389 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        Spreading more warmth to your dream room
        958 13  -  STYLE By MONICA GWEE IF YOU SLEEP NAKED, you'll like this story. It's all about how 200 threads per square inch cotton bedsheets can change the way you feel about sleep. It is also about how Singaporeans, living in the humid tropics, are
        958 words
      • Article
        BILLBOARD
        756 13 CINEMA: Oyer The Top starring Sylvester Stallone. Robert Loggia and Susan Blakely. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Heartbreak Ridge starring Clint Eastwood. Showing at Capitol: 11; 1.45; 4; 6.30; 9.15 and Changi: 11, 1.30; 4; 6.45; 9.15. The Color Purple starring Whoopie Goldberg. Showing at Jade:
        756 words
      • Article, Illustration
        Lock icon Jazz from the Great Outback
        800 13  -  MUSIC By MARTIN SOONG CHAPPED LIPS are an occupational hazard for jazz saxophonist Bob Bertles. Achieving a tone which, uncorked, sounds like a concoction of dry ice and stirfried martinis, is bound to produce dried-out chops. The Bertles sound isn't totally foreign. In his tone,
        Photo by AZIZ HUSSIN  -  800 words
      • Article, Illustration
        Paying for what one does not eat
        470 13 SHORT TAKES IT'S BEEN well-documented that Singaporeans are a wasteful lot. Put them at a buffet spread and their leftovers could feed a good many Ethiopians from now till Christmas and then some. Exasperated restaurateurs seem to have taken things into their own
        470 words
      • Article, Illustration
        New-found energy for an age-old exercise
        987 13  -  HEALTH By RICHARD SEAH BEND TO THE GROUND, reach for the sky, push forward, pull inwards, make a circular motion, slowly, gently, gracefully, breathe in breathe out. Concentrate. To the strains of a Chinese melody and then to the music of such oldies as
        987 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Sterling offers potential, NZ$ nears danger point
        1036 14  -  CURRENCIES By RAMESH CHANDIRAMANI WHILE the world watches and awaits with mixed anticipation the effects which the current G-7 meeting will have on enforcing exchange rate stability for the US dollar against the major currencies, minor victories are being scored elsewhere. Highlighted in
        1,036 words
      • Article
        Eyes on Impressionist and Modern paintings
        634 14  -  ART by Ruth Corb, Jeremy Eckstein IT WAS A GOOD WEEK for Impressionist and Modern paintings in London. The highlight undoubtedly being the £24.75 million paid by a Japanese insurance company for Vincent Van Gogh's "Sunflowers", which is likely to prove the most significant
        634 words
      • Article, Illustration
        The right time to start shopping is now
        444 14  -  saiMf by Ramesh Chandiramani BACK ON March 21, I presented an overview of the local stock market wherein I stated the Straits Times Industrial Index needed more of a consolidatory pause before it could gain further ground. That technical view was based
        444 words
      • Article
        Stagging your way to a profit
        914 14  -  SHARES BECinnEFI'5 a CORPS! jgg By LISA LEE IF. AS A SMALL INVESTOR, you think that stagging a new issue is your path to success, you'd probably be among thousands of players who find it a favourite route into the world of shares Thanks
        914 words
      • Article, Illustration
        Lock icon End of bear market in sight, says analyst
        860 14  -  COMMODITIES Keeping track... -by Ramesh Chandiramani The Commodity A SIGNIFICANT change is currently underway in the marketplace, one which could portend a major shift towards inflationary pressures. And if the process gathers steam, it will spell the end of a six-year bear
        The Commodity  -  860 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      49 9 The Hour Glass Singapore's premier watch boutique with the largest range of watches in 5 convenient locations When you shop at The Hour Glass you shop with confidence. You're assured of the absolute authenticity of every timepiece you buy, of professional advice, competitive prices, international guarantees and after-sales care.
      49 words
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      252 11 PHILIPS 1 i 1; i r u 'iMP 4 V fe ■J > c.. I« r TO THINK WE COULD HAVE CHANGED THE FACE OF HISTORY. Call it wishful thinking if you must. We suspect, however, that even these gentlemen would have been sorely tempted to part with their prized
      252 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      2740 12 SLOTS TO WATCH Bullies, surrogate wives and secret agents TODAY: My Bodyguard (4.25 pm, Channel 5) is one of those unpretentious, refreshing teenage comedies that, while made in 1980, can still hold its own among recent Bratpacker movies. It stars Canadian Chris Makepeace as a sheltered student who goes to
      2,740 words
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      28 14 BT welcomes investment ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.
      28 words
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  • COMPANY NEWS
    • Article, Illustration
      Federal group to sell hotels separately
      544 15 THE FEDERAL HOTELS group is now prepared to sell three of its newest hotels separately the Ferringhi Beach Hotel in Penang and Prince Hotel in Kuala Lumpur as one package and the still-to-be-opened Federal Hotel in Singapore on its own. The group had previously
      544 words
    • Article
      Lock icon Foreigners own 9.42 per cent of Malaysian International Shipping
      174 15 Bernama ES MALAYSIAN INTERNATIONAL Shipping Corporation Bhd (MISC) has disclosed that foreigners now own 9.42 per cent or 47.08 million shares as at end-March. MISC's major shareholders offered nearly 85 million shares of Msl each for sale to the public early
      Bernama ES  -  174 words
    • Article, Illustration
      Lim Seng Huat put under provisional liquidation
      469 15  -  By ELAINE KOH LIM SENG HUAT (S) Pte Ltd. an associate company of Emporium Holdings, was put under provisional liquidation yesterday by a court order, at the request of the company itself. The move followed three winding-up petitions against the company earlier this
      469 words
    • Article
      COMPANY BRIEFS
      130 15 KUWAIT INVESTMENT OFFICE (KIO) has increased its vested interest in Sime Darby Bhd to 63.72 million shares. The shares will be registered in the name of Mayban (Nominees) Sdn Bhd with KIO noted as the beneficial owner. CHUAN HUP HOLDING'S US$8 million guaranteed floating rate notes due 1990
      130 words
    • Article
      Dayapi goes into the red, skips dividend
      292 15 DAYAPI INDUSTRIES (Malaysia) has plunged into the red and as a result will not be paying any dividend for 1986. The group, which is mainly engaged in housing development, granite and limestone quarrying, manufacturing and supplying of pre-mix and road construction, incurred after-tax
      292 words
    • Article
      Late buying takes a few stocks higher on KL exchange
      394 15 AS EXPECTED, profit-takers moved onto the Kuala Lumpur stock market yesterday but some last-minute buying interest helped several stocks to close higher. The market opened on a quiet note, but trading picked up in the afternoon. Speculative counters led the
      394 words
    • Article
      LONDON STOCKS
      800 15 EQUITIES yesterday generally extended Thursday's late downturn in early business, reacting nervously to the sharply lower close on Wall Street overnight and news late on Thursday that the UK Trade Department is to investigate the affairs of House of Fraser. INDUSTRIALS Apr 9 Ppf>cp Awjo MR 145 4-2
      800 words
    • Article
      Lock icon Selprop ready for upturn
      178 15 Bernama ES SELANGOR PROPERTIES Bhd is well-placed to take advantage of any upturn in Malaysia's economy, according to chairman Tan Sri Dr T K Wen in his latest annual report. This is based on the company's superior infrastructure and quality product as well as its competitiveness
      Bernama ES  -  178 words
    • Article
      Lock icon PPM explains discrepancy
      71 15 Bernama ES PAPER PRODUCTS (M) Bhd said it made a provision of MsB million for debts written off after announcing a M 52.27 million pre-tax loss prior to the lifting of suspension of its shares on the KLSE in late February. The company was explaining the difference
      Bernama ES  -  71 words
    • Article
      Business done on the KLSE
      2582 15 BID 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 Acme *****1 AJinomoto (3266) Alcom (775) 191 76 1341
      2,582 words
    • Article
      Selected indices
      129 15 HONGKONG Hongkong Index Fridoy 1777 49 Thursday 1789 86 Week ogo 1724 50 Hang Seng Index Friday 2766 41 Thursday 2785 47 Week ogo 2679 99 All Industrials Friday Thursdoy Week ogo NEW YORK Dow Jones Thursday Wednesday Week ogo ***** 2639 2* 2582 5 2339 20 2372
      129 words
    • Article
      Unit trusts
      272 15 Managers' prices MARA-Bumiputra for April 11 13 First B'putro 6 14 619 Second B'putro 5 27 532 Singapore Unit Trust Third B'putro 433 438 The Commerce 1 05 Fourth B'putro 4 97 502 1 13 Fifth B'putro 329 334 The Sovngs Fund 0 9! 0 98" Sixth B'putro
      272 words
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      10 15 M onagers ust anage BT shows you how every Monday.
      10 words
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      Page 15 Advertisements Column 2
      354 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 185 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF PONGEE PTE LTD At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road, #12-01 12-11 Golden Mile Tower. Singapore 0719 on Thursday 9th
      354 words
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  • Article
    Build tunnel system to solve water problem, says don
    577 16  -  By BRIAN GOMEZ, Special Correspondent SINGAPORE'S water problem could possibly be resolved at a fraction of the cost of the Mass Rapid Transit (MRT) system by harnessing nature, a University professor suggested yesterday. The country s entire fresh water needs could
    577 words
  • Article, Illustration
    French clothes-designer points out a gap in the seam
    474 16  -  By GOH YEE LING THERE IS designing talent in Singapore and there is the manufacturing capability. But somehow the two do not meet up. And if Singapore is to become a fashion centre, the gap will have to be bridged. This
    474 words
  • Article, Illustration
    The frustrations of a young designer
    174 16 YANG DERONG (above) is a young, talented designer. To which can be added frustrated. Being young is a fact, he being just 21; talented, he having been rated as equal to any international designers by none other than Mr Mikel Rosen, British fashion director
    174 words
  • Article
    Lock icon Four Asean countries to link up rubber markets
    280 16 Bernama ES MALAYSIA, Indonesia, Thailand and Singapore yesterday agreed in principle to link up their rubber markets. A meeting to discuss the proposal was held in Singapore, chaired by the chairman of the Rubber Association of Singapore (RAS), Ling Lee Hua. Malaysia
    Bernama ES  -  280 words
  • Article
    Lock icon Ghafar Baba hits out at 'wild' statements on unemployment
    266 16 Bernama MALAYSIAN Deputy Prime Minister Ghafar Baba yesterday criticised some quarters for making what he said were wild statements about the country's unemployment. Claims that the unemployment rate would become serious by 1990 were made to instill fear in the people
    Bernama  -  266 words
  • Article
    Lock icon A M$5 billion turnover on the sly
    159 16 Bernama THE TURNOVER of bookmakers who illegally take bets on horse races in Malaysia and Singapore had been estimated at Mss billion annually, Malaysian In-spector-general of Police Tan Sri Haniff Omar said yesterday. This figure was based on intelligence reports gathered so far.
    Bernama  -  159 words
  • Article
    S'poreans keen on Indian ventures
    385 16 SINGAPORE electronics manufacturers and traders are keen on business in India. if enquiries at one booth at the current Indian Trade Exhibition is anything to go by. Some 70 companies and trading houses called at the stand of the Electronics Trade and Technology Development Corporation
    385 words
  • Article
    Lock icon Japan posts another large monthly trade surplus
    362 16 Reuter JAPAN POSTED another large monthly trade surplus yesterday, eroding confidence that it could prevent more trade friction and a higher yen, economists said. Japan's overall customcleared trade in March climbed to a surplus of US$B.O9 billion from US$7.l3 billion the previous month
    Reuter  -  362 words
  • Article
    Lock icon Analysts expect gold and silver prices to surge
    152 16 Reuter, AP GOLD AND SILVER prices are likely to surge in the coming weeks amid growing uncertainty on foreign exchanges, precious metals dealers and analysts said yesterday. The dollar's plunge to record lows below 142 yen, weak stock markets and concern over
    Reuter,; AP  -  152 words
  • Article
    Licence fees for video operations cut
    98 16 LICENCE FEES for video operations have been reduced from $1,200 per year to $1,200 for two years in response to a request from the Business Enterprise Committee. The Board of Film Censors said yesterday it had also cut the censorship fee for video tapes
    98 words
  • Article
    Lock icon Oil producers unhappy with US plan
    91 16 AP US OIL PRODUCERS are not pleased with the House of Congress's deficit-reducing idea of having the oil industry absorb the cost for filling America s emergency petroleum stockpile. "It's just a bad idea,"said Bill Anderson, vice-president for political and governmental rela- tions for
    AP  -  91 words
  • Article
    Lock icon Common market 'premature'
    61 16 AFP INDONESIAN Foreign Minister Mochtar Kusumaatmadja yesterday ruled out the possibility of the six member countries of the Association of South-east Asian Nations moving to set up a common market. "It is just too early there is not much enthusiasm among members, even in the Philippines where
    AFP  -  61 words
  • LATE FILE
    • Article
      Lock icon US puts off tariffs against Indonesia
      41 16 Reuter THE US has postponed imposing trade sanctions against Indonesia for six months because the government was pushing a bill through parliament to protect trademarks and copyright, the US Embassy in Jakarta said yesterday. Reuter
      Reuter  -  41 words
    • Article
      Lock icon Anwar to stand for vice-president
      49 16 Bernama UMNO Youth head Anwar Ibrahim yesterday submitted his letter of nomination for the post of party vice-presi-dent. Foreign Minister Datuk Rais Yatim too submitted his letter accepting the nomination to contest a vice-presi-dent post in the April 24 Umno Supreme Council elections. Bernama
      Bernama  -  49 words
    • Article
      Lock icon Hu out of politburo standing committee
      51 16 AFP CHINA'S disgraced former party chief Hu Yaobang will remain as a politburo member but will lose his post as one of five members of the Communist Party politburo standing committee in September, according to the latest issue of the Ema net pation Monthly.
      AFP  -  51 words
    • Article
      Lock icon Blast at S African coal mine kills 34
      43 16 Reuter THIRTY-FOUR miners 31 Blacks and three Whites were killed after a methane gas explosion spread carbon monoxide fumes through a South African coal mine, the owner, Trans Natal Coal Corporation, said in a statement.
      Reuter  -  43 words
    • Article
      Lock icon TSE to open up stock market
      67 16 UPI THE Tokyo Stock Exchange, apparently yielding to pressure from Britain, has floated a plan to increase foreign securities firms' membership by the end of the year. The Kyodo News Service reported yesterday that the plan would be formally proposed on May 21 to
      UPI  -  67 words
    • Article
      Lock icon Nato cool to Warsaw Pact offer
      41 16 Reuter NATO yesterday reacted coolly to a Warsaw Pact call for a freeze on military spending by both camps, saying it would be unverifiable and fix in place existing arms imbalances to the West's disadvantage.
      Reuter  -  41 words
    • Article
      Lock icon Adidas president dies
      41 16 AP ADIDAS company president Horst Dassier, who ran one of the biggest sporting goods concerns in the world, died yesterday. He was 51. He was believed to be suffering from cancer, but this could not be confirmed. AP
      AP  -  41 words
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      52 16 YOUR NEXT STEP Kth ASIAPACK'B7 International Exhibition of Packaging Machinery, Materials Food Processing Machinery Systems 9-12 September SINGAPORE Organiser: INTERFAMA EXHIBITIONS PTE LTD 1 Marine Parade Central Parkway Builders Centre #tO-03'06 Singapore 1544 Tel *****00 Tlx RS ***** INFAMA Fa» *****63 Sponsors Packaging Council of Singapore Packaging Exhibitions Th«* )Nm
      52 words
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      Page 16 Advertisements Column 2
      8 16 Taxtila trad* axpacta a (food yaar, Paga 2
      8 words
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      Page 16 Advertisements Column 3
      88 16 8m Pag* 7 COMMENCEMENT OF BUSINESS We are pleased to announce the commencement of our business. Our business includes oils and foodstuffs, native produce and animal by-products, light industrial products, textiles and garments, metals and minerals, timber products, chemicals, machinery and equipment. The following persons will be pleased to answer
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  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      63 16 Outlook: Showars ovar aavaral araas in tho late morning and •arty afternoon. Raport for 24 hours prior to 7.30pm on April 10 at tha airport Maximum tamparatura 31.6 Associated humidity 73 Ulnliiuiin 9 WHllifmiii IwfTipwIIMIW i Aaaodated humidity 97 Hour* of sunshlna 3.0 PalnlaH 1m hi lIIIii i ■ii i
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