The Business Times, 18 April 1987
1987-04-18
1
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The Business Times
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Title Section13 1987-04-18 1 BUSINESS TIMES M.C. (P) No. 112/12/86 Weekend Edition, April 18-19, 1987 75 CENTS13 words
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Article132 1987-04-18 1 Tokyo stocks TOKYO investors took advantage of a quiet Easter holiday overseas yesterday and relatively calm foreign-exchange trading to concentrate on pouring money into shares, pushing the stock market index to a record level. The 225-share Nikkei Index climbed 69 92 to its second straight record closing132 words
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Article63 1987-04-18 1 Reuter INDIAN COMPANIES must seek the government's permission to issue bonus shares at least 45 days before the planned issue date, against 30 days now. The Indian Finance Ministry said in a statement that the relaxation, effective immediately, had been made to help companiesReuter - 63 words
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510 1987-04-18 1 LOH HUI YIN - Trading house prepared to play matchmaker By LOH HUI YIN C ITOH, JAPAN'S major trading house, is embarking on a new business strategy which could see it committing more investments in Singapore. BT understands that the shift in business strategy is motivated by510 words
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370 1987-04-18 1 Reuter TRADERS in financial centres in Asia generally welcomed the first US night session of futures trading which starts in Chicago on April 30. Traders in Japan, Sydney and Hongkong said they expected the move to bring benefits, but traders and bankersReuter - 370 words
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Article, Illustration541 1987-04-18 1 SOUTH KOREA announced a "major turnaround" yesterday in its economic policies, including new checks on its trade surplus, to help avert a trade war with the US. Deputy Prime Minister Kim Mahn-Je told a news conference that the government had devised541 words
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221 1987-04-18 1 Reuter JAPAN'S ruling Liberal Democratic Party has drawn up a detailed plan to expand domestic demand and boost imports so it can head off further overseas anger at its trade surpluses, senior party officials said yesterday. They said the measures wouldReuter - 221 words
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298 1987-04-18 1 Reuter CHINA announced yesterday a dramatic drop in its trade deficit but said many chronic economic problems remained unsolved. A spokesman for the state statistical bureau told reporters that the trade deficit at the end of the first three months of this year was US$l.O5Reuter - 298 words
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Article67 1987-04-18 1 Reuter SOUTH KOREA s Index of Leading Indicators rose 1.9 per cent to 172.9 (base 1980) in February after a 0.8 per cent rise in January to stand 17.2 per cent higher than in February 1986. provisional economic planning board figures showed The index is based onReuter - 67 words
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Page 1 Advertisements
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Advertisement262 1987-04-18 1 A WOMAN OF POWER. SHE SUBSTAMCE NEEDED LOVE. SHE WANTED REVENGE. *jr3r A WOMAN or 4 substance V But what is the price Jnft sh< has paid? f Available at all good bookshops aa OUR VIEW IN POPULAR BELIEF, the romantic is a person who makes himself unfit for serious262 words
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Advertisement8 1987-04-18 1 Baldrige thinks revaluation of won vital, Page 38 words
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Advertisement465 1987-04-18 1 t^nfl-Auei Mammoth Hunters CI fcj >» w <i r Jean M. Auel IB CORONET BOOKS y Vo/'' t w *1 v N. H •3?.-' V f•V 1 V f#*' A > J *>■ V" .'w v -5. Roughing it out in luxury Page 9 I Pi pi Mil Trivia Down,465 words
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HOME NEWS
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Article66 1987-04-18 2 PROFESSOR ALINE WONG, Member of Parliament for Changkat, will kick off Professional Secretaries Week tomorrow at the Hyatt Regency. The agenda for the week includes workshops, lectures from invited speakers and panel discussions. The organiser, the Singapore Association of Personal Executive Secretaries (SAPES), has also66 words
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Article84 1987-04-18 2 ASSEMBLY. TESTING, packaging and failure analysis of integrated circuits in South-east Asia will be the focus of the Asia Electronics 87 exhibition at the Hyatt Regency from Oct 19 to Oct 22. A two-day international symposium complementing the exhibition, "Physical and Failure Analysis of Integrated84 words
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Article, Illustration615 1987-04-18 2 ANNA TEO - By ANNA TEO COMPETITION in the local health-care industry is expected to intensify over the next 15 years with the sprouting of home health-care, retail health centres, hospices, convalescent hospitals and rehabilitation hospitals As hospitals engage in a keener tussle for market share, accreditation in the industry615 words
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344 1987-04-18 2 LIM SOON NEO - By LIM SOON NEO STOMACHS IN SINGAPORE will go empty in mid-July so that charity coffers will be filled up. World Vision International, a Christian humanitarian organisation, hopes to raise $300,000 with a 30-hour fast starting at 2 pm on Saturday,344 words
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Article93 1987-04-18 2 TRADERS AND CARGO AGENTS can familiarise themselves with the documentation procedures for applying import and export permits at a fourday course on "Trade Classification and Documentation" later this month. The course, organised by the Trade Development Board, will also cover the principles of trade classifi-93 words
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475 1987-04-18 2 LOH HUI YIN - Fears that proposal may cut into gross profit margins By LOH HUI YIN A PROPOSAL by the Ministry of Trade Industry to de-control petrol prices has caused concern among the six oil companies in Singapore The companies say that the proposal, which was475 words
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Article, Illustration454 1987-04-18 2 THE SKILLS Development Fund has offered another incentive to encourage companies to upgrade the skills of their junior employees The incentive takes the form of a grant, given in advance, to a company that submits a one-year training plan covering at454 words
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Article1354 1987-04-18 2 AT CONVENTIONAL WHARVES Adamostos J12 1804 0630 18 04 2300 Veaael Berth Arrival Arrow Raya J1 1804 0830 19 04 2300 Departure Cahaya Kembung Jl 1804 0900 19 04 2300 KEPPEL WHARVES Somudra Jaya II J2 1804/0700 1804 2300 Bornion Duo K27 alongside 1904,0600 Subur Jl 18041,354 words
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Page 2 Advertisements
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Advertisement159 1987-04-18 2 The First Class hotel with the Business Class Rate. persi >n JXI (tu in li in In) poi MIL \l T h ihl tit f/K V' >/i/v hrtiiK Arrne Friday or S.iturJ.iv. dep irr Sunday *»r Monday. Anv weekend from now till l\-c. M, 1987. Celebrate the Bonuse> Complimentary welcome159 words
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OVERSEAS
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Article, Illustration418 1987-04-18 3 UPI AMERICAN Commerce Secretary Malcolm Baldrige said he believed a significant revaluation of South Korea s currency against the dollar was the only likely way to curb the expected US$lO billion US trade deficit with Seoul. Baldrige will visit South Korea tor threeUPI - 418 words
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183 1987-04-18 3 Reuter SEVEN Western countries had agreed to restrict the export of rocket-related technology that could be used to develop nuclear missiles, the French Foreign Ministry said on Thursday. A spokesman said the measures agreed by Britain, Canada, France, West Germany, Italy, JapanReuter - 183 words
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Article874 1987-04-18 3 ARRIVALS Operator Service Local From number time MAS 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 RBA ***** 1100 BWN GIA GA960 1100 CGK SIA SQ105 1105 KUL874 words
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214 1987-04-18 3 Reuter SOUTH AFRICA'S censorship regulations could hamper fair trading on the country's stock exchange, businessmen said on Thursday following a widespread strike at major companies which was not reported by the local media On Tuesday, several thousand workers staged aReuter - 214 words
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294 1987-04-18 3 Bernama MALAYSIA has introduced a new measure to simplify the import procedure to save time, energy and costs. Deputy Finance Minister Loke Yuen Yow said on Thursday. The new measure, known as the Immediate Release System, was introduced by the Royal Customs and ExciseBernama - 294 words
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227 1987-04-18 3 AFP THE CHAIRMAN of Indonesia's ruling party has said that the new Cabinet to be appointed next year will not alter Jakarta s current attitude towards Beijing, with which relations have been frozen for 20 years Speaking at a press conferenceAFP - 227 words
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190 1987-04-18 3 AFP THE GENEVA-BASED International Federation of Phonogram and Videogram Producers (IFPI) has lodged a formal complaint alleging flagrant abuse of intellectual property rights for foreign music works by Indonesia, an IFPI official has disclosed Kasim Cha Tong, the IFPI s Asia-Pacific deputy director, said inAFP - 190 words
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569 1987-04-18 3 NYT PRESIDENT REAGAN s Budget Director, Mr James C Miller 111. has warned the Federal Reserve not to raise interest rates, saying such action could cause a recession next year. Amid deepening concern that the eroding dollar and tensions over trade could provoke aNYT - 569 words
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262 1987-04-18 3 Canadian PM used party funds for renovation paper AP CANADIAN Prime Minister Brian Mulroney used party funds to renovate his two official residences in Ottawa, with one closet large enough for 30 suits and 84 pairs of shoes, the Toronto Globe and Mail said on Thursday. Although use of partyAP - 262 words
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Page 3 Advertisements
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Advertisement51 1987-04-18 3 fl I 7" The business person's choice. 1 every Tuesday. Saturday and I 1%/ I I I Sunday. Leaving Changi Airport at M J_ V \J_ 22:05 hours and arriving Bombay at 00 30 hours. Call your Travel Agent or Air Canada at *****55. E«ect.ve thru 30 Apnl 1987 AIR51 words
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Advertisement200 1987-04-18 3 4 r%2. ?s >♦ a >v ■y* Otto IJ w u ♦f\ c ♦a IHH ••w c/ V V--W w ■A. •V •V cf v'v V i.' ft---' > THE MORE IT'S REVEALED TO YOU, THE LESS IS KNOWN, AND THE MORE YOU WANT TO UNVEIL IT DISCOVER THAILAND We200 words
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Page 3 Miscellaneous
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Miscellaneous45 1987-04-18 3 Doonesbury TM BACK, THEY'RE ON YOUR. 6RE7CH! P&K, StR. WH&Z DANCING' ANY CALLS* HAVE YOU BUN I TOLD j ALL PAY?. YOU! BY GARRY TRUDEAU MAfBBA TAPGIPPY. YES. THAT ANYONE WAITING GUY FROM to see we.? wese.c. IP 17 N Nice wsee YOU AGAIN, SIR.45 words
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WORLD BACKGROUND
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720 1987-04-18 4 Privatisation how have the hopes matched the results Only about 100 companies have been sold worldwide, says IMF AP GETTING the government out of business is popular with many conservative leaders, who see state ownership as the road to socialism But of more than 1,000 plans to privatise state-owned businessesAP - 720 words
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Article, Illustration595 1987-04-18 4 Reuter IRANIAN leaders have been quick to quash rumours of a possible ceasefire in the 614-year-old war with Iraq to mark the start of the Muslim fasting month of Ramadan at the end of April. They have acknowledged continuing international pressure on TeheranReuter - 595 words
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Article, Illustration586 1987-04-18 4 NYT RELATIONS between China and Japan have cooled in the past few months, partly because of the resignation of Hu Yaobang as Communist Party leader in January, Japanese and Western diplomats and business executives say. Mr Hu had a reputation asNYT - 586 words
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COMMODITIES
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473 1987-04-18 4 AP A CONFIDENTIAL World Bank report has sharply criticised subsidies granted to certain commodities by some governments but finds merit in other cases. The report, presented in January by the bank's Country Policy Department to representatives of the 151 member governments thatAP - 473 words
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330 1987-04-18 4 Bernama FALLING oil prices have not only diminished the income of Asian oil exporters but also slowed down oil exploration in the region. Assessing the impact of lower oil prices on the region's developing economies, the 1986 Economic andBernama - 330 words
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Article, Illustration47 1987-04-18 4 UPI THE APRIL full moon rises over a small farm in Elizabethtown, Pennsylvania, shortly after dusk. The spring full moon is a reminder to farmers of the upcoming planting season and the long work days ahead. UPIUPI - 47 words
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Article448 1987-04-18 4 Crude palm oil futures continued its lacklustre trading on the KLCE yesterday with valuesholding barely steady. Dealers said investigations by the KLCE into the financial affairs of Maika Commodities. a member of the KLCE, had badly shaken the market which saw the lowest turnover of 38 lots traded448 words
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Article119 1987-04-18 4 THE PRICE OF TIN on the Kuala Lumpur tin market eased two cents yesterday to M 516.63 per kilo, in continued sluggish and thin trading. Dealers attributed tha quietness to lack of interest due to the forthcoming long Easter holidays overseas. Reflecting an absence of support, buyers were119 words
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Article72 1987-04-18 4 TOKYO Rubber futures closed narrowly mixed yesterday with gains of 0.8 to losses of 0.4 yen per Kilo in very quiet trading. Spot April gained 0.8 yen in thin trading ahead of its expiry on April 24. After opening slightly steadier, most prices declined quietly on selling by trading72 words
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Article55 1987-04-18 4 TOKYO: Yen-denominated gold futures opened 11 to 16 yen per gramme higher yesterday in reaction to Thursday's declines Fresh buying by major speculators and private investors boosted all months after higher New York prices. But trading here is expected to be very quiet due to the long Easter holiday55 words
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Article106 1987-04-18 4 WHEAT FUTURES on the Chicago Board of Trade closed 1-1/2 to five US cents a bushel higher on Thursday, with spot May at US$2.B6-3/4 and July contracts forward setting life-of-contract highs Buying was fuelled by trade talk that Egypt bought as much as 200,000 tonnes of US wheat overnight,106 words
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Article163 1987-04-18 4 SOYBEAN FUTURES on the Chicago Board of Trade closed mostly higher on Thursday, ranging one US cent a bushel higher to 1/2 cent lower, with spot May at US$5 13-1/4 and September the only contract posting a loss. Prices remained in a narrow range, reflecting a lack of fundamental163 words
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Article162 1987-04-18 4 FA M A C'ostng prices on April 17 Coconut oil (M$/iook g New drums 131.00 2nd hand drums 126.00 Bulk 117 00 Local in bulk 114 00 Copra (M$/iookg) No 1 (estate) 67.00 No 2 (smallholders) 6200 Palm kernel (ex-milts M$ tonne) Buyer Seller 425.00 /***** Palm kernel162 words
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BANKING AND FINANCE
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231 1987-04-18 5 Reuter ASSETS of Bahrain s offshore banking units rose 4.1 per cent to US$55 68 billion in the final quarter of last year to reach the highest level since end-1985, figures in the Bahrain Monetary Agency's (BMA) latest bulletin show. Assets have now risen forReuter - 231 words
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171 1987-04-18 5 Reuter AUSTRALIAN trading bank deposits rose by US$l.2O billion to U5546.54 billion in March after rising US$245 million to U5545.34 billion in February and US$749 million to U5544.55 billion a year earlier. The Statistics Bureau said total loans, advances and bills discounted rose toReuter - 171 words
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166 1987-04-18 5 Reuter FINANCE MINISTER Suthee Singhaseneh said Thailand should not grant new branch licences to foreign banks in the immediate future. There should be new banking laws ensuring foreign banks bring new capital into the country before the government considers outstanding applications from moreReuter - 166 words
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516 1987-04-18 5 Japan may adopt UK risk asset ratio system Reuter JAPANESE city bankers have all but given up plans to issue subordinated bonds to boost their capital ratios due to a joint USBritish request to adopt a risk accounting method which would make such issuesReuter - 516 words
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459 1987-04-18 5 NYT THE REBOUND in prices of US Treasury debt issues continued on Thursday, with intermediate maturities closing with some of the best gains of the day. The shortening of maturities by investors raised the demand for Treasury bills as well, causing their rates toNYT - 459 words
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450 1987-04-18 5 Reuter ARGENTINE debt negotiators say the agreement they struck with creditor banks this week opens a new. more positive era in the Third World debt crisis. Negotiations produced a 12-year loan of US$l 55 billion, a US$4OO million fouryear trade facilityReuter - 450 words
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677 1987-04-18 5 AP TWO YEARS AGO Spain reopened the gate that had cut off Gibraltar from the rest of Europe for 15 years. Now, business in the British colony is booming and the future looks as solid as the monumental rock Gibraltar's economic foundations ofAP - 677 words
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MONEY AND EXCHANGES
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Article, Illustration196 1987-04-18 5 Indicate* the average of the prime lending rates of 12 major banka in S'pore r Interbank market rates (offer/bid) on April 16 us$ DM SWFC Yen 7 days 6 1/2 3/8 9 11/16 9/16 4 3 7/8 1 1/4—1 4 1/8 4 1 mtto 6 3/4 5/8196 words
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Article362 1987-04-18 5 KUALA LUMPUR: The US dollar closed at $2.4810/20 and the Singapore dollar at $116.35/45 yesterday. TOKYO: The dollar closed little changed against major currencies yesterday as operators generally refrained from creating new positions ahead of the long Easter holiday weekend in most markets overseas. The Bank of Japan362 words
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Page 5 Advertisements
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Advertisement276 1987-04-18 5 TRANSPALM AGENCY PTE. LTD., Singapore is a wholly owned subsidiary of TRANSGRAIN 8.V., Rotterdam, The Netherlands. TRANSGRAIN B.V. is a major and successful operator in the world market of vegetable oils and fats. Backed by strong financial resources, it enjoys an excellent reputation throughout the world. Two years ago the276 words
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Advertisement174 1987-04-18 5 Doesn't your secretary deserve a $2,500/bonus package Here's a chance to pay her at someone else's expense. Bring your secretary to lunch on Monday. 20th April '87 at The AMARA BALLRtV>M THF AMARA HOTEL At only $28. iV nett person she will en|oy a wonderful afternoon, starting with a five174 words
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INTERNATIONAL STOCKS
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330 1987-04-18 6 NYT THE AMERICAN Express Co said its net income fell 214 per cent in the first quarter Earnings fell to US$252 3 million from the US$32l million reported a year ago. but the figure for the 1986 quarter included a large gain from theNYT - 330 words
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191 1987-04-18 6 UPI PENNZOIL CO has asked a judge to authorise resumption of its US$lO.3 billion court battle with Texaco Inc, and Chairman J Hugh Liedtke says he is ready to talk again about an out-of-court settlement but Texaco must make the first move. Pennzoil askedUPI - 191 words
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396 1987-04-18 6 Reuter STOCKS CLOSED mixed on Thursday as last minute selling related to the expiration of futures and options, a "double witching hour," sent blue chips lower But the broader market scored good gains, emphasising the lock-step relationship with the dollar and bond market. TheReuter - 396 words
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Article167 1987-04-18 6 APR 16 C Inco 23% Int Prov Pipe 49% Abitibi 37)4 1% lu Intl 24% Alcan Alum 55% +1% Kerr Addison 25% unch Algoma Stl 1714 Loblaw Co 13% Bank Nova Scotia 18% unch McMil Bldl 26% Bank Of Montreal 34% Molson A 24% Bell Canada 41% Moore Corp167 words
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207 1987-04-18 6 Reuter SIXTEEN WALL STREET stockbrokers have been charged with dealing cocaine, some from a brokerage house federal officials said was deeply involved in drug trafficking as well as trading violations. A total of 19 people were arrested in the federal investigation, eight of themReuter - 207 words
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Article629 1987-04-18 6 APR 18 US S -IAlcan Alumin 41% 1% Alcoa 46 Alleg Intl 24% Allied Sig 45% Allis-Chalmers 2% unch Am Brands Inc 45% Am Can Co 43% Am Cyanamid 92% 2% Am Elec Pwr 28 Am Express 69% Am Home Prod 84% Am Motors Cp 4% unch Amax629 words
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Article624 1987-04-18 6 Amsterdam APR 16 FLS ABN 520 00 -4 Aegon 91 60 *05 Ahold 106 80 06 Akzo 138 00 f 1 7 Alrenta 145 90 unch AMEV 66 70 -0 1 Amro Bank 80 80 -1 7 Ass Stad 125 80 -02 Berkel 18 80 -02 BOLS 155624 words
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Article244 1987-04-18 6 Reuter THE EXPERIMENTAL Aids drug ribavirin, seen just a few months ago as a potentially powerful treatment for the disease, is getting more attention these days for the questions it raises. The drug was catapulted into the public eye in January when its maker, ICN PharmaceuticalsReuter - 244 words
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Page 6 Advertisements
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Advertisement461 1987-04-18 6 Hock Lock Slew, Page 15 VE3*?- p ia/ I W •J™ #i=*> The Furama Special $60* back in Vouchers to spend at our Sho-un Japanese Restaurant Tiffany Coffee House Heritage Bar/Lounge ;T; SINGAPORE HOTEL 10 Eu Tong Sen Street Singapore 0105. Tel: 533 5888 novotel orchid inn Beautiful Sundays r461 words
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Advertisement208 1987-04-18 6 London stocks on Pago 15 REFI FORI NI6I 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 potpourri. Hot and steaming buffet to M/ get you through the night for only $7.50.208 words
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ASIAN STOCKS
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Article321 1987-04-18 7 APR 17 NT S Kolin 30 10 -1 3 Kuochan Dev 34 70 -1 8 Lee Chang Yuen All Sincere Indus 4 75 -0 24 Chem Indus 36 40 -1 4 Asia Cement 42 40 -0 9 Lien Hwa Indus 27 00 -1 4 Cathay Cons 49 80 -2321 words
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Article172 1987-04-18 7 Reuter BANGKOK: The Stock Exchange of Thailand Index dropped 1.89 on a turnover of 2,072,258 shares worth 297.8 million baht. Reuter Hongkong, Sydney, Manila markets were closed APR 17 BAHT Vo Kham Thai Investment 286 Jangkok Agro-lnd 90 50 3angkok Bank 263 3a nk Ot Ayudhya 206 Thai WireReuter - 172 words
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Article106 1987-04-18 7 APR 17 Won KAL 1311 -9 Kong won lnd~ ***** -100 0*H S. ur 3080 10 1 20 600 3850 Doe *00 Corp 1045 -10 Korea Long-Term.... 2150 unch 1290 Daishin Securities 3750 -20 Oriental Bre»ery ***** -390 Dong Ah Pt>ar.„ ***** -40 Oriental Chem ***** -50 Dong Suh106 words
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Article573 1987-04-18 7 TOKYO: Share prices rose to record levels yesterday in active trade as the yen/dollar exchange rate stabilised slightly and investors took confidence from an apparent respite in US-Japan trade disputes, brokers said. The market index rose 69.92 points to a record 23,938.35, after earlier touching a high of 23,989.93.573 words
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Article127 1987-04-18 7 Reuter THE PHILIPPINE Government has approved the privatisation of Petron Corp, a fully-owned subsidiary of Philippine National Oil Co. A finance department statement said that Petron, which represents the merged operations of Petrophil Corp, Bataan Refining Corp and Petron TBA Corp, is the country's largest commercial enterprise inReuter - 127 words
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378 1987-04-18 7 Reuter THE RESIGNATION of India s Defence Minister V P Singh after he ordered an investigation into a payoff on an arms deal has embarrassed Prime Minister Rajiv Gandhi s government and depressed prices on Indian stock exchanges, brokers and merchant bankersReuter - 378 words
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104 1987-04-18 7 AFP HONGKONG s Securities Commissioner Ray Astin has advocated that insidertrading be made a criminal offence in the colony. The problem of insiderdealing, under which company officials use inside information for beneficial trading in shares, is currently dealt with in Hong kong by a tribunalAFP - 104 words
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446 1987-04-18 7 Reuter A SENIOR Thai official has called for closer supervision of foreign investors amid growing alarm at soaring Thai stock prices. Deputy Finance Minister Supachai Panitchpakdi also warned about the risks of insider dealing and said he had ordered the Securities Exchange ofReuter - 446 words
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261 1987-04-18 7 AFP TWO RIVAL groups considering a merger to enter the Japanese telecommunications market have failed to agree on a plan proposed by the Federation of Economic Organisations, informed sources said on Thursday. The disagreement came at a meeting on Wednesday of eight promoters of theAFP - 261 words
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163 1987-04-18 7 UPI TOSHIBA CORP has signed a cooperative agreement with Computervision Corp of the United States to promote business in the fast growing market for computer aided engineering, design and manufacturing systems in Japan. Under the agreement. Toshiba will invest and acquire 33.5 per cent equityUPI - 163 words
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Page 7 Advertisements
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Advertisement913 1987-04-18 7 r lircS »r=S> 3MMS# K 1 SECRETARIES WEEK APRIL 20-25 AUSTRALIAN DESIGNERS HONOUR SECRETARIES A week-long tribute to the Secretory in special buffets, luncheons, teas Giveaways fashion shows designer clothes Australian models more giveaways Crystal Ballroom: Lunch Buffet, show by Australian designers Sally Browne. Andrea Lee. Brian Rochford with models913 words
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Advertisement185 1987-04-18 7 mmammiM u TPA The popular I C local soloist. For your sentimental moments. HAPPY HOURS: 12 noon Bpm W|/ DISCOUNT on bottle rates and premium brands Plus 1 Buy one and gel one free (CAIRNHILL HOTEL) 19 Cairnhill Circle. S'pore 0922. Tel: *****22 Fri, Sat eve of public holiday: 6pm185 words
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FEATURES
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Article526 1987-04-18 8 MENTION A ROMANTIC, and the first image that comes to many minds is that of a rose-tinted youth whose head is so high up in the sky that he is unfit for most of the jobs that are given to keeping the world going. The romantic526 words
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Article, Illustration901 1987-04-18 8 ANDREW HILL - A revolution in trout fishing is sweeping the English countryside, moving it out from being an exclusive pursuit of the rich and royal to becoming the pastime of a million ordinary people, reports ANDREW HILL. ANDREW HILL Reuter A QUIET REVOLUTION has swept the EnglishReuter - 901 words
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195 1987-04-18 8 KIM FERNANDO - Letters to the Editor KIM FERNANDO General Manager KHK Needham Standard Sdn Bhd Dear Sir We refer to the article about DDB Needham which appeared in the March 25 issue of Business Times. We want to draw your attention to the sentence in the195 words
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Article208 1987-04-18 8 W W MITCHELL - W W MITCHELL Willetton, Western Australia Dear Sir As an Australian who does business in Singapore and Malaysia, and who deeply respects both their differences and their shared cultures. I hope it would not be considered offensive if I comment on the statement of Mr Sidek bin208 words
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352 1987-04-18 8 CNS - CNS Deer Sir I refer to DBS's reply (BT April 11) on the redemption of their S$ 7% per cent convertible unsecured loan stock 1991 (Loan Stock). The question raised was whether DBS had been fair to its Loan Stock holders. DBS, by352 words
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Page 8 Advertisements
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Advertisement298 1987-04-18 8 UE]Alßlßjo|o|K|*j7j a*r,+The way we were The year in rex the >«*<»r t» formSINGAPORE BUSINESS The Yearbook 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 at298 words
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Advertisement45 1987-04-18 8 BT w«tcorn«s Mtort front rttdtfi. Your lottors must Includo your signature, full mm*, tddrtM, And homo and offlct Mt* phono numbore, N any. You may add a psoudonym, M you wlah. Addroao your lotlore to: Tho Editor, Buiiniu Tlmu, 390, Kim Song Road, Singapore 0923.45 words
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Page 8 Miscellaneous
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Miscellaneous831 1987-04-18 8 ®Q(L>SQKacs)iiiii) CRYPTIC PUZZLE ACROSS 9 Make up for a period in the past (2. 3, 4) 10 Finds one makes a quick descent (4. 4) 12 In the dead ot night? (4) 13 Raise and climb onto? (4. 2) 14 Look into the food and find it's quite light (7)831 words
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Executive Lifestyle
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Article358 1987-04-18 9 THERE ARE big spenders and there are big spenders. A group of Arabs in London recently met for lunch before visiting a motor show. They came to the Jaguar stand, liked what they saw and told the salesman: "We will have this, this and that," pointing358 words
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Article282 1987-04-18 9 TRENDS HIGH-DEFINITION TELEVISION that rivals cinema screen quality is set to change the face of the film industry. For one thing, it may well put cinemas out of business, according to an industry bigwig in the US. Tom Jozwiak, chief of projection and special282 words
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Article, Illustration860 1987-04-18 9 JEFFREY TSANG - By JEFFREY TSANG MAN HAS AN AMAZING ABILITY to adapt. Witness the example of the finger, created to labour the ground but equally at home tickling 10 keys a -second in the rapid piano arpeggio. Or that of a four-wheeled vehicle, clearly designed for nicely-laidPhotos by JEFFREY TSANG - 860 words
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Article, Illustration923 1987-04-18 9 WALTON MORAIS - r W*" With WALTON MORAIS ONE OF THE most difficult things to do is to take a flight after you've just read about a plane crash. I had to do so recently after three days in paradise at a holiday resort in Bali. Actually923 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration795 1987-04-18 10 JOHN TAN - TRAVEL By JOHN TAN ONCE CONSIDERED by many as the "Venice of the Far East most of the raving over Bangkok these days is about shopping. Yet. the first-timer approaching this Thai city of rich flavours via Don Muang International Airport during the day is795 words
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Article, Illustration507 1987-04-18 10 JAIME LYE - CINEMA By JAIME LYE IS PROGRESS getting you down? Is the automatic coffee-maker infringing upon your basic human right to make that cup of java yourself? When you see a patch of grass are you seized by an infinite urge to gather firewood and watch507 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration1009 1987-04-18 11 PROFILE Hyatt Regency embarks on a new dinner-theatre season when it presents Educating Rita from May 18 to 20. Educating Rita is the UK-based Cafe Theatre's debut production in Singapore. Derek Woodward, producer, director, actor and partner of the fledgling Cafe Theatre, spoke with1,009 words
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Article403 1987-04-18 11 SHORT TAKES THE NATIONAL University of Singapore's Varsity Playhouse takes on the subject of suicide in its latest production Night Mother. Based on the Pulitzer Prize winning play by Marsha Norman, Night Mother is a morbid tale of a woman who wants to end her life403 words
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Article, Illustration757 1987-04-18 11 THE FOOD TEAM - FOOD By THE FOOD TEAM "PLEASE CALL THEM baby eels," a Plaza Hotel executive suggested during a preview of its Xiamen Nostalgia Food Fair. The "baby eels" were at first thought to be cordyceps, the "worm grass which the Chinese treasure for757 words
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Article, Illustration791 1987-04-18 11 RICHARD SEAH - HEALTH By RICHARD SEAH JUNK FOOD is a term which fast food restaurants are extremely sensitive about. So when Burger King doubled its advertising budget this year, one of its aims was to debunk the belief that hamburgers are junk food of791 words
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Article755 1987-04-18 11 CINEMA Over 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 Color755 words
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Executive Lifestyle: Sports
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Article, Illustration839 1987-04-18 12 SNOOKER AFP STEVE DAVIS, the three-times World snooker champion, sets out in Sheffield this weekend determined to make up for the bitter pill of defeat in the last two World Championship finals. Top snooker manager Barry Hearn describes the World Championship asAFP - 839 words
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Article, Illustration294 1987-04-18 12 GOLF Reuter SOUTH AFRICAN Mark McNulty outshone favourite Severiano Ballesteros in the first round of the Cannes Open Championship at Cannes-Mougins on Thursday. McNulty, winner of nine of his last 13 tournaments, collected seven birdies three more than his Spanish playing partner on his wayReuter - 294 words
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Article, Illustration755 1987-04-18 12 Brian Miller - Oh TMCK with Brian Miller HE LOOKED A WINNER all over. There he was, striding clear and putting daylight between himself and the rest of the field The scene was the first race on Derby day at Bukit Timah last month. Kenaga755 words
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398 1987-04-18 12 UPI MARK HAYES, without a win on the PGA tour for the past decade, broke the tournament record for the front nine on Thursday and shot a 64 to take a two-stroke lead after one round of the U*****,000 Heritage Classic in South Carolina.UPI - 398 words
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735 1987-04-18 12 WALTON MORAIS - TENNIS By WALTON MORAIS IN THE ONE YEAR since Carlsberg started pursuing a change in marketing strategy, tennis has been a big winner The long cool Danish beer set up its own local marketing company in January last year after a long association735 words
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Article, Illustration225 1987-04-18 12 UPI HANA MANDLIKOVA and five other players posted straight-set triumphs on Thursday to advance to the quarter-finals of the US$3OO,OOO WITA Championships in Florida. Mandlikova. the second seed, defeated South African Ros Fairbank, 6-2, 6-4, and will next meet unseeded Terry Phelps inUPI - 225 words
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Executive Lifestyle: Personal Investment
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Article, Illustration1111 1987-04-18 13 RAMESH CHANDIRAMANI - CURRENCIES By RAMESH CHANDIRAMANI ONE MAJOR TENET that Personal Investment consistently emphasises is the need to spot investment opportunities before these become history. And in the field of currencies during the past few weeks, we have highlighted the pound sterling as a currency offering the best1,111 words
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1029 1987-04-18 13 Ramesh Chandiramani - NEW ISSUE mm wssm by Ramesh Chandiramani ONCE IN A WHILE, there comes a new share issue which not only generates a lot of excitement, but actually inflames the stock market. Avimo Singapore Ltd seems to be just such an issue. Market intelligence1,029 words
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896 1987-04-18 13 LISA LEE - SHARES BE0innER'5 A CDRHBRiW By LISA LEE THE STOCK MARKET is sometimes likened to a zoo. Not only because the Stock Exchange of Singapore where the actual share trading is done is a really noisy place, but also896 words
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Article555 1987-04-18 13 ART by Sotheby's Research Department THERE WERE only a handful of art work sales in London, New York. Monaco and Paris during the latest reporting week. Among the most significant events were the sales of Old Master paintings in London, where extremely strong prices acrossby Sotheby's Research Department - 555 words
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Article, Illustration441 1987-04-18 13 Ramesh Chandiramani - by Ramesh Chandiramani WHILE there is room for doubt in some instances, the stock market is willing to bet that some Malaysian speculative issues represent exciting turnaround situations. Their technical complexion has started to improve, perhaps indicative of actual change. In any case,441 words
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Page 9 Advertisements
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Advertisement74 1987-04-18 9 Showroom and Service Centre: Singapore Or raid Gen La Geneve Scotts Centre *01 -11 Tel: *****97 Authorised Dealers: Singapore The Hour Glass Lucky Plaza *01-36 The Hour Glass Scotts Centre *01-09 The Hour Glass Peninsula Plaza *01-16/19 The Hour Glass Centre point *01-21/22 Kuala Lumpur The Hour Glass Yow Chuan74 words
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Page 10 Miscellaneous
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Miscellaneous2809 1987-04-18 10 Kagemusha, jazz and a hunk of Bogart TODAY: Black and white movie stars Merle Oberon and Melvyn Douglas feature in a sophisticated little comedy about a happily married couple who encounter That Uncertain Feeling (8.30 pm, Channel 12) with a strange pianist friend Bruce Dern and Lee Remick star as2,809 words
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Page 13 Advertisements
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Advertisement28 1987-04-18 13 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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SHARE INFORMATION
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364 1987-04-18 14 MBT MALAYSIAN RESOURCES CORP (MRC) is unlikely to scrap those housing projects already planned and is expected to continue with its on-going projects. The group's major activity will also continue to be in property development, a source said. As land is an assetMBT - 364 words
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Article90 1987-04-18 14 KUALA LUMPUR Rises Indices UM Ftour 670 30 April 16 April 17 930 15 NST MUMtioH 1687 79 1687.30 200 14 NST Finance 2623.66 2629 17 MolokoH 158 14 NST Hotoh 552.53 552.34 Tim# Engr 160 •M2 NST Proportiot 760.37 ***** N TWnb#< 160 10 NST Tim90 words
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Article87 1987-04-18 14 SEALION HOTELS Limited: 11th AGM at Gateway 4 Room, Level 2, Pan Pacific Hotel. Marina Square. Singapore 0103, tomorrow at 10 30am. INCH KENNETH KAJANG Rubber Public Limited Company: 77th AGM at 5th Floor. Straits Trading Building. 4 Leboh Pasar Besar. Kuala Lumpur. Malaysia, on Monday, April 20,87 words
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4270 1987-04-18 14 PROFIT-TAKERS dominated trading on the Kuala Lumpur stock market yesterday with share prices closing mostly lower at the end of the day. Some stocks, however, bucked the general downtrend to put on moderate gains. Property stocks, though actively traded, were a few cents lower too.4,270 words
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Article2520 1987-04-18 14 BID and otter prices officially listed and business In and reported to tbe Kuala Lumpur Stock Exchange yesterday, with the number at shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Aono Ajhsomoto (3248) cdo Alan Hlg I—l Akom *****2,520 words
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Article124 1987-04-18 14 HONGKONG All Industrials Hongkong Index Fridoy closed Friday Thursday closea 2576 3 Thursdoy 1750 21 Week ago 2635 5 Week ago 1777 49 NEW YORK Hang Seng Index fridoy closed Thursday 2721 12 Dow Jones Thursday 2275 99 Week ogo 2766 41 Wednesday 2282 95 Week ago 2339124 words
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Article279 1987-04-18 14 Monagers' prices MARA-Bumiputra for April 18 20 F.rst B'put'O 6 25 6 30 Second B putra 538 5 43 Singapore Unit Trust Th.rd B'putra Fou r, h B'pu'ro 439 503 444 508 The CoiHfte'ce 1 05 1 13 F>*th S«»tf» B'putra 3 16 321* The Sov*ngs Fund 090279 words
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Page 14 Advertisements
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Advertisement0 1987-04-18 14 .}[,">_}(),^|--^+-"^=:.\.~(:/<-0 words
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COMPANY NEWS
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Article, Illustration589 1987-04-18 15 Vmm mm™ By HOCK LOCK SIEW THE PLIGHT of Texaco Inc, America s third largest oil company after Exxon and Mobil, has highlighted once again the advantages of having a provision in the bankruptcy code behind which a beleaguered company can find relief while itBy HOCK LOCK SIEW - 589 words
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89 1987-04-18 15 Bernama ES BOUSTEADCO Singapore Ltd, the diversified trading group, expects its improved performance to continue. In his latest annual statement, chairman Tan Sri Taib Haji Andak said this anticipation was due to a better perception of the market and the on-going impact of cost cuts alreadyBernama ES - 89 words
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735 1987-04-18 15 MBT THE KUALA LUMPUR Stock Exchange committee is believed to have sent a memorandum to the Ministry of Finance to protest against any issue of new broking licences to commercial banks. The memorandum is said to contain objections to aMBT - 735 words
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434 1987-04-18 15 MBT BANK BUMIPUTRA and United Malayan Banking Corporation, which are reported to be getting new stockbroking licences, said they are still holding talks with existing stockbroking firms. Bank Bumiputra chairman Tan Sri Haji Basir bin Ismail said on Thursday that the bank would goMBT - 434 words
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Article591 1987-04-18 15 SHARES surged ahead on c Thursday ahead of the Easter break, boosted by a c combination of good economic forecasts, a stron- c ger dollar, new opinion polls favourable to the c Conservatives and Wall Street s renewed strength The Financial Times industrial share index closed up 22591 words
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228 1987-04-18 15 Bernama ES CONSTRUCTION and Supplies House Bhd (CASH) has suffered a MS6 8 million write-down in the value of the group s development properties in view of the continuing depressed property market. The write-down was mainly responsible for the group s pretax loss ofBernama ES - 228 words
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426 1987-04-18 15 NAJEEB JARHOM - By NAJEEB JARHOM PLANTATION-CUM-PROPERTY group Kulim Malaysia has reported its worst performance in the eighties with group pre-tax profits of only M 52.35 million last year against $16 39 million in 1985. Ever since its record profits of $3062 million in 1984 Kulim426 words
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Article84 1987-04-18 15 Bernama ES KUMPULAN EMAS BHD. adversely affected by substantially lower prices of palm products in the later part of last year, suffered a 58.8 per cent decline in its pre-tax profits to M 52.18 million for the half-year ended Jan 31 from $5 29 million previously.Bernama ES - 84 words
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Page 15 Advertisements
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Advertisement305 1987-04-18 15 NOTICE IN THE MATTER OF THE COMPANIES ACT, CAP. 185 VICKERS (S.E.A.) PTE. LTD. (In Members' Voluntary Liquidation) Special Resolutions At an Extraordinary General Meeting of the members of Vickers (S.E.A) Pte. Ltd. duly convened and held at 5. Birnie Avenue, Lidcombe. N.S.W.. Australia, on Tuesday, 14th April 1987 at305 words
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Advertisement439 1987-04-18 15 JEL JUROIMG ENGINEERING LIMITED (Incorporated in the Republic of Singapore) Unaudited results for the year ended 31 December 1986 The Directors ot Jurong Engineering Limited are pleeeed to make the following announcement The Group The Company Increase'(Decrease) Group Company Retained profit at end Profit after minority interests but before extraordinary439 words
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321 1987-04-18 16 Bernama THE UNITED STATES' direct investments in Asean rose marginally to US$9.2 billion in 1985 from US$7.3 billion in 1982, according to the US Department of Commerce and Bureau of Economic Analysis. But when compared to the 1984 amount of US$9.5 billion, thisBernama - 321 words
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Article153 1987-04-18 16 AFP CHINESE LEADER Deng Xiaoping's indication that Hongkong could retain its capitalist way of life for 100 years after its return to Chinese rule in 1997 and his reported statements on political reform in the British colony got a mixed reception in Hongkong yesterday. MrAFP - 153 words
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601 1987-04-18 16 BRIAN GOMEZ - Republic may yet outperform other newly-industrialising countries By BRIAN GOMEZ, Special Correspondent A HONGKONG FIRM of consultants has forecast that Singapore could outperform other newly-in-dustrialising countries (NICs) once commodity prices pick up. Political Economic Risk Consultancy Ltd said that while601 words
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Article, Illustration839 1987-04-18 16 LUCY NG - The Sarawak state elections By LUCY NG in Kuchlng THE NATIONAL FRONT has been returned to power in Sarawak, capturing 28 of the 48 seats in the State Assembly. The opposition Maju Group won the remaining 20 seats. .Chief Minister Datuk Patinggi839 words
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Article, Illustration198 1987-04-18 16 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday congratulated the Sarawak National Front under the leadership of Datuk Patinggi Haji Abdul Taib Mahmud for winning the state election. "The victory proves that the people continue to have support for and confidence in the NF toBernama - 198 words
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301 1987-04-18 16 Bernama MEMBERS of the new Sarawak Cabinet are expected to be sworn in before Yang Di Pertua Negeri Datuk Patinggi Haji Ahmad Zaidi Adruce Mohamed Noor on Monday. State Assistant Ministers were also expected to be sworn in atBernama - 301 words
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LATE FILE
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Article44 1987-04-18 16 Bernama MALAYSIAN Deputy Prime Minister Ghafar Baba, who is challenging Datuk Musa Hitam for the deputy Umno president's post at the party supreme council election next week, yesterday held a closed-door meeting with 100 Johor Umno delegates in Johor Baru. BernamaBernama - 44 words
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Article47 1987-04-18 16 Reuter TAIWAN and the US ended two days of talks yesterday with an agreement that will allow four more US insurance companies to set up branches in Taipei every year. There are now five US insurance companies operating in Taiwan. ReuterReuter - 47 words
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Article49 1987-04-18 16 Reuter PRESIDENT Raul Alfonsin of Argentina met the army high command yesterday to discuss the worst military crisis of Argentina's young democracy, sparked by an officers' rebellion. He told a packed national congress on Thursday that his government would not negotiate with the rebels. ReuterReuter - 49 words
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39 1987-04-18 16 UPI THAI Foreign Minister Siddhi Savetsila will visit members of Asean to form a united position on Cambodia before his trip to Moscow in May, a foreign ministry spokesman said yesterday. UPIUPI - 39 words
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41 1987-04-18 16 Reuter CHINA yesterday invited its one billion people as well as Chinese living overseas to submit designs for a flag and emblem for Hongkong to use when it returns to Beijing's control in 1997. ReuterReuter - 41 words
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Article28 1987-04-18 16 Reuter A TEAM from the Arab League met President Mitterrand yesterday to enlist French support for a UNsponsored ceasefire in the Gulf War. ReuterReuter - 28 words
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50 1987-04-18 16 Reuter THOUSANDS of South Korean students fought riot police in Seoul yesterday demanding President Chun Doo Hwan's resignation and attacking his decision to postpone constitutional change. Witnesses said 3,000 students from Korea University threw rocks and petrol bombs at more than 1,000 riot police. ReuterReuter - 50 words
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41 1987-04-18 16 Reuter SRI LANKA and the International Monetary Fund have broadly agreed on economic reforms but tough negotiations will be needed to win approval of loans of US$24O million, a government official said yesterday. ReuterReuter - 41 words
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55 1987-04-18 16 AP PRIME MINISTER Margaret Thatcher's visit to Moscow two weeks ago may yield a bonus for UK train-lovers as Foreign Secretary Sir Geoffrey Howe was able to persuade his Soviet counterpart. Eduard Shevardnadze, to consider shipping one of Russia's fabled P36 locomotives toAP - 55 words
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Article, Illustration453 1987-04-18 16 The 71st Pulitzer Prize awards a who's who of the winners Reuter REPORTS on turmoil in South Africa, photographs of the downfall of Philippine strongman Ferdinand Marcos and a book on relations between Arabs and Jews in Israel were rewarded with prestigious Pulitzer prizes. The Pulitzer Prize Committee, in itsReuter - 453 words
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83 1987-04-18 16 THE COMMUNICATIONS and Information Minister, Dr Yeo Ning Hong, will sign an air agreement with his Omani counterpart, Sheik Hamoud Bin Abdullah Al Harty. today. The agreement will allow Singapore Airlines to fly to the Omani capital, Muscat, from Singapore. It will also83 words
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Page 16 Advertisements
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Advertisement237 1987-04-18 16 NOTICE NOTICE IS HEREBY GIVEN that, I Law Tai Huay of No. 34 Mount Sinai Road, Singapore 1027, have applied for a First Class Public House licence in respect of premises at 290, Orchard Road #03-05/08 Paragon, Singapore 0923, and that this application will be heard in Court No 1,237 words
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Advertisement56 1987-04-18 16 See Page 4 J.M. SASSOON CO. (PTE) LTD. Notice of Removal With effect from 20th April 1987, our new address will be> 1 Raffles Place #44-00 OUB Centre Singapore 0104 Telephones *****88 *****66 Telex No RS *****, RS ***** Fax (65) *****56 Our other telephone numbers remain as follows: G.56 words
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Page 16 Miscellaneous
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Miscellaneous67 1987-04-18 16 miMm Outlook: Rain in Mvtril areas In lata morning, axpac tad to claar in lata afternoon. Report for 24 hours prior to 7.30pm on April 17 at tha airport Maximum tamparatura 34.9 Associated humidity 53 Minimum temperature 26.1 Associated humidity 86 Hours of sunshine 9.00 Rainfall in millimetre* Nil Rainfall67 words
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