The Business Times, 24 October 1987
1987-10-24
1
16
https://www.nlb.gov.sg
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The Business Times
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Title Section12 1987-10-24 1 BUSINESS TIMES MCI (P) 112/12/86 Weekend Edition, October 24-25 1987 75 CENTS12 words
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Article, Illustration197 1987-10-24 1 Overseas markets Pridoy HK Hong Seng Index Suspended Tokyo Nikkei Average *****.22 (-1203.23) Sydney Ail-Ordinaries 1515.1 (-113.8) Thursday New York (Dow Jones) 1950.43 (-77.42 London (FT 30 index) 1435.3 (-92.0 Exchange rates THE Singapore dollar yesterday closed stronger at 2.0850/60 (2.0690/2.0900) against the US$ in the forex197 words
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Article, Illustration766 1987-10-24 1 ALAN LEE - Asian markets hit by panic selling By ALAN LEE ASIAN STOCK MARKETS, hit by another day of panic telling yesterday in reaction to sharp overnight declines in London and Wall Street, are bracing themselves for more uncertainty in the week ahead. "No-one really trusts this market. It could766 words
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300 1987-10-24 1 AFP HONGKONG Financial Secretary Piers Jacobs said he hoped a solution would emerge by today to defuse a crisis in the Hong Kong Futures Exchange triggered by a record stock market crash. "We are talking about billions rather than millions. It's a lot ofAFP - 300 words
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482 1987-10-24 1 AFP Reuter US PRESIDENT Ronald Reagan on Thursday raised the possibility of higher taxes for Americans when he announced he would meet congressional leaders "without preconditions" to negotiate a solution to the country's massive budget deficit. The president also announced the formation of aAFP; Reuter - 482 words
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Page 1 Advertisements
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Advertisement254 1987-10-24 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM INSIDE 'v THE WORLD'S leading sugar trading company and a local commodity trading and property* group have teamed up to take full advantage of the government's aim to lift the import duty on sugar by the end of the year. HOME NEWS, Page 2254 words
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Advertisement68 1987-10-24 1 FOCUS: PAGE 15 Two start trading naxt mak Advlca from a man in tha gallary Wrong timing for rights kaaua Ultra Sportivo D e >»q npd by Fe r dmarid A Po' sc he Manufactured by IWC SchaChouser Ir, fitan u m 18 cca' ao ho li'anium with go'd Water68 words
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Advertisement92 1987-10-24 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Look Ma, I'm flying! Page 9 Confessions of a golden girl Pays For a start, stick to raal food Pays 10 TV programmes for today and tomorrow Ms t» Wat* Coppola, Kurosawa and John Carpenter Feeling the pulse of the Jurong night shift I92 words
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HOME NEWS
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395 1987-10-24 2 BOEY KIT YIN - See Hoy Chan teams up with E D F Man By BOEY KIT YIN THE WORLD'S leading sugar trading company and a local commodity trading and property group have teamed up to take full advantage ot the government's aim to lift the import duty395 words
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Article, Illustration380 1987-10-24 2 A LOCAL COMPANY has invested $5 million to tap the market for video post-produc-tion work which has been flowing out of Singapore to Hongkong and Australia. And the company. Video Headquarters, has plans to acquire more of the latest equipment next year to edit and380 words
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97 1987-10-24 2 A NEW radio/microwave station building, costing 521.5 million, will be built at Ayer Rajah to cater for expanding radio services in Singapore. This is the first concrete tower built for radio-microwave by Telecoms, according to the latest issue of its newsletter. Hello. Previously,97 words
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456 1987-10-24 2 THE LABOUR SHORTAGE is primarily in the category of young females because of the high demand for them from electronics and other manufacturing companies. National Trades Union Congress deputy secretary-general Lim Boon Heng made this obaervation yesterday when he opened the Association of Small456 words
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329 1987-10-24 2 THE INDUSTRIAL plastics industry is expected to grow by another 20 per cent compared with a growth of 15 per cent laat year. Mr Ho Kah Leong, Senior Parliamentary Secretary for Communications Information, said this at the official opening of Showa Plastics'329 words
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Article42 1987-10-24 2 MOST OF THE Tanjong Pagar conservation area, bounded by Tanjong Pagar Road. Nail Road and Craig Road, has been exempted from the Rent Control Act. The announcement by the Ministry of National Development waa contained in the latest government gazette.42 words
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451 1987-10-24 2 RESTRICTIONS on exports of hightechnology products to China are "unreasonable" and should be done away with as soon aa possible, a high-level Chinese trade official said in Singapore yesterday. Madam Ye Ling-Yun, deputy director of Import and Export Department of China's Ministry of Foreign Economic451 words
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Article710 1987-10-24 2 AT CONVENTIONAL WHARVES Spc Xi JI2 24 10/0000 24.10/1800 Setohtero a 24.10/0700 2510/2300 VmmI Bwfi Arrival Dipartw Samudro Joyo U J2 24.10/0730 24 10/2300 KEPPEL WHARVES MARMA WHARVES April Gl K2B alongside 24.10/0600 Unison IV M2C olongside 25.10/1800 Equator V K22 alongside 24.10/2359 Wijoyo Kusuma M2B alongside710 words
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Article55 1987-10-24 2 TARIFFS FOR GAS and electricity will remain the same -for the next three months, according to the Public Utilities Board. The PUB said yesterday in a statement that rates for gat and electricity would not change for the three month period beginning Nov 1. The PUB will55 words
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234 1987-10-24 2 A COMPANY, which made what waa described aa a heada I win, tails you loee' proposal, was singled out by a union leader yesterday for acting unfairly in wage reform. Such unfair and inequitable behaviour on the part of the234 words
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134 1987-10-24 2 UNIONS WHICH DO WELL in recruiting members will be given formal recognition by the National Trades Union Congress. Mr Goh Chee Wee. an aaaistant secretary-general of the NTUC, yesterday said a yearly award would be given to uniona which hit "a certain percentage" in134 words
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Page 2 Advertisements
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Advertisement145 1987-10-24 2 Organised by INTERFAMA Trade Fairs Pte Ltd 510 Thomson Road #10-03. SLF Complex. BIK Singapore 1129 Tel: *****86 Tlx: R*****0 INF AM A Fax *****14 •J V -I International Exhibition on Educational Aid Vocational Skills Training Equipment An important Exhibition for all those seeking practical applications of modern educational methods145 words
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Advertisement76 1987-10-24 2 US (rum hi >»ch mlm to Chin®, Pag» 3 Treat your {amity to a sumptuous buffet lunch at the Qiao Zhou Garden Restaurant. A delectable spread of Teochew provincial dishes and dian xin accompanied by desserts. Deliriously wholesome. And different. Eat all you can for only 11.50+ per adult and76 words
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OVERSEAS
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382 1987-10-24 3 Reuter COMPANIES IN FOUR West European nations might have violated Nato rules banning the export of sensitive technology to the Soviet Union and China, Norwegian police said on Thursday. Police chief Tore Johnsen. leading an investigation into the illegal sale of computer equipment toReuter - 382 words
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Article218 1987-10-24 3 UPI AUSTRALIAN Prime Minister Bob Hawke has accused the United States, Japan and the European Community of erecting new barriers to free trade instead of making comprehensive liberalisation proposals. While regular import tariffs were cut at the Tokyo Round of trade negotiations in the *****.UPI - 218 words
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Article896 1987-10-24 3 ARRIVALS Operator Sorvk* Local From number tim* SU SQ11 0045 LAX/NUT 1IA UA805 0045 SFO/HKG MAS MH621 0140 KUL CAL 0333 0405 TPE SU SQ41 0615 MAA MX MK746 0730 MRU SU SQ411 0820 ROM MAS AAH681 0820 KUL sv SV398 0835 JED/RUH KAl KE624 0840 KUL896 words
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102 1987-10-24 3 AFP THE UNITED STATES has announced a freeze on high-tech-nology sales to China because of Beijing's alleged sale of Silkworm missiles to Iran. The Chinese government has denied selling the surface-to-sur-face missiles to Teheran. Iran has used the Chinesemanufactured missiles against targets in theAFP - 102 words
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448 1987-10-24 3 Agencies THREE INDIAN opposition parties have described the Indian military offensive against a Tamil rebel group in Sri Lanka as "unwarranted and unjustifiable" and have asked the government to end it A resolution adopted on Thursday at a public meeting inAgencies - 448 words
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Page 3 Advertisements
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Advertisement61 1987-10-24 3 fI V J# I J 11/ The business person's choice, every I I II 111 I Tuesday, Thursday, Saturday and I I 1 II \l II I Sunday. Leaving Changi Airport at I V/l VV/1 1 JL 22:05 hours and arriving at Lester B. Pearson International Airport the following day.61 words
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Advertisement162 1987-10-24 3 '■t P0 PI V H I I J! r V v B t -Si 4 v M X v V N -r X~&m M V "ifeg£ V .V* **2 at 9 :V1 xSV-"- Piaget Dancer. Hand crafted in 18k solid gold and water resistant to 30 meters. i LA COTE-AUX-FEES162 words
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Article344 1987-10-24 4 Reuter INTEREST in natural rubber remains good and this situation is likaly to continue in the near term, the International Natural Rubber Organisation (INRO) buffer stock manager said. "Fundamentally the market is sound," Aldo Hofmeister said at the end of a three-day INRO council meeting inReuter - 344 words
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Article422 1987-10-24 4 Reuter KUWAIT has reassured its world oil customers that Iran's missile attack on its main export terminal would not force cancellation of deliveries. But oil industry executives in the Gulf said the Silkworm attack that blasted its Sea Island terminal would certainly disrupt operations and could inReuter - 422 words
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128 1987-10-24 4 AFP ARGENTINA has taken over the former US position as a major seller of wheat to Iran, the US Department of Agriculture (USDA) said Wednesday. The USDA said in a report that the Argentine government recently announced a one-year agreement to sell Iran aAFP - 128 words
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Article165 1987-10-24 4 ChindM Produce Exchange SiNtn' noon dotinQ prieot on Ocr 23 (SS/100 kg) Coconut oil M FOt 95.00 OW dram FOt 105.00 Now dram FOt 109.00 Gambler FOt NSW 190.00 FAMA Oodwg prieot an Oct 23 Coconut oil (MS/100kg) Nw dram 136.00 2nd hand drams 131.00 Mb 122.00 Local165 words
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Article289 1987-10-24 4 HONGKONG: GOLD yesterday closed higher as investors switched into the metal as a safe haven in view of fresh declines on world stock markets. Dealers said sentiment was also helped by news of Iranian missile attack on a Kuwaiti oil terminal. Trading was nervous with good physical289 words
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Article251 1987-10-24 4 Reuter THE CHICAGO Board of Trade soyoil futures on Thursday closed mixed and soymeal with pared losses. Soyoil prices were up 0.06 to off 0.25 cent a lb and soymeal US$l.6O to US$2.5O lower per tonne. Traders said steady buying of December, January and March soyoil and soymeal byReuter - 251 words
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Article213 1987-10-24 4 Reuter CHICAGO BOARD of Trad* wheat future» on Thursday pared loeses and closed on or near session highs with prices 1/4 US cent to 2-1/2 US cents lower per bushel. December was 1/2 US cent lower at US$3.O2, after dipping to U552.95-1/2 a bushel earlier. Traders said technical buyingReuter - 213 words
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Article321 1987-10-24 4 London Commodity Exchange Bvy#f/S#W#< dodfi ig prtcoi on Oct 22 (i/tonw < jntow ipodflod). P rfvtom downg poets In CoIIm loth In->tor« London, wlUr» option OF London Nov 1316/1311 (1322/1325) High/Low 1334/1315 Jon 1350/1352 (1353/1354) High/Low 1370/1345 f -1 30lw» (3436) Com Ok 1161/1162 High/Low (1178/1179) 1175/1158 Mar321 words
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Article431 1987-10-24 4 Crude palm oil futures yesterday again moved within a narrow range before closing steady on some light covering interest, in continued quiet trading. The Malaysian 1988 Budget, which did not include any incentives for the palm oil industry, had little impact on the market as operators were more431 words
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Article340 1987-10-24 4 Reuter SINGAPORE THE MARKET yestsrday closed slightly lower with Novsmber 1 RSS buyer# quoted at 214.75 centa/kilo, down 0.2S cent from Thursday's close, dealers said. Ths morning ssssion gained 0.50 cent rati acting marginally firmer rubber prices in Tokyo yssterday morning. Trading was quiet and cautious. Dealers said thsReuter - 340 words
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Article261 1987-10-24 4 RAS prices In S cwtfs*g. FOB In boto 1 NOON CLOSE Bwyon S#Mocs Rvyon SoNort bo 1 RSS Prompt 217.75 *****N 217.00 218.00N tat 1 RSS Nov 87 215-50 216.00 214.75 215.25 tat 1 RSS Doc 218.00 218J0 217.00 217J0 tat 2 RSS Of 214.00 216.00N 213.00261 words
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Article81 1987-10-24 4 (canti/kg, 1 -ton poH«n) NOVEMBER 87 DECEMBER (currant month) (forwor d month) RAS NOON NOON tvy«a I,li ri SS» 30 21 3-50 315-50 213.50 215 JO S» 90 313.00 314.00 213.00 214.00 MRELB fey.fi n r SMI CV 370.50 272.50N 371.50 373.50N SM> I 370.50 272.50N 37181 words
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Article78 1987-10-24 4 OIL markets were in a confused state as they tried to absorb the recent volatility on the stock markets. Prices were generally firmer but most traders were unsure of market direction. Dubai (Dee) WM Taw USI/Werrel 17 30 untfi WTI (Dae) 20.22 0.14 Products (FOB S'pore) USS/Wrai78 words
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Article135 1987-10-24 4 Reuter THE KUALA Lumpur Tin MarkM price yesterday ton eight cento to dooo it M117.1t a kilo altar a j- m 1 OTif! uvGlrvy IllllOfl Ofl lack oI support, d#itr> said. A r ill I 111 Awmiy rtmainta tow and only 63 tonnaa war# tratfad at the cloaa,Reuter - 135 words
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Page 4 Advertisements
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Advertisement148 1987-10-24 4 Vvelcome to the new comforts of home There are changes in the air at Hotel Equatorial Kuala Lumpur. Most important is the total make-over in our rooms and suites, now in a modern, contemporary style that's charmingly comfortable. jHHMNHHHi A new refreshing look greets you at our lobby. Plush, inviting148 words
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Advertisement171 1987-10-24 4 The University of Melbourne Graduate School of Management MBA Applications are invited for admission to the 1988 MBA program. This is a two year full-time program commencing in March 1988 and is offered on a full fee-paying basis to overseas students. Applicants should have a university degree and at least171 words
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Page 4 Miscellaneous
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Miscellaneous38 1987-10-24 4 Singapore OUTLOOK: ttmrnmn la l» 7.30pm «n Oct 23 at Mo 'Janeiro San Frfc'co San Jwan Sao f owto S«oui jfoomo«~ Sydney Taipei Tal A*K Tokyo Vancouver Vienna Wonaw VAJ LI t T* Onwyv^i 13/04 Ooor 17/08 Sunny38 words
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BANKING AND FINANCE
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Article370 1987-10-24 5 Reuter SEVERAL big US banks announced yesterday they were cutting the prime lending rate to 9.0 per cent frpm 9.25, effective immediately. Industry analysts said the cut was a sign that rates around the world are falling as central banks try to help theirReuter - 370 words
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326 1987-10-24 5 THE INDUSTRIAL Bank of Japan the first Japanese bank to set up a special China division is pursuing a fourpronged approach towards a better working relationship with China. Mr Kazuhiko Ohtake, IBJ's general manager for its China Department, said the four areas of326 words
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Article595 1987-10-24 5 BA Futures DECEMBER Eurodollar yesterday opened sharply higher at 92.54 following the weaker overnight Wall Street market. Prices surged to 92.60 initially on speculation over President Reagan's press conference but backed off to 92.50 on profit-taking from his comments. However, further losses in the Tokyo stock market and newsBA Futures - 595 words
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Article959 1987-10-24 5 Reuter SINGAPORE: THE US dollar yesterday closed weaker against most major currencies on prof-it-taking and selling in moderate but nervous trading. Dealers said the dollar's weakness was due to disappointment over President Ronald Reagan's statement that the White House and Congress would try to cut US$23 billion fromReuter - 959 words
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Article68 1987-10-24 5 THE OVERNIGHT RATE on the Singapore interbank market rose 1/8 point to end at 4-1/4 per cent yesterday. One-month rose 1/8 point, three months rose by 1/16, while two months fell by 1/16 point. S$ Interbank rates at 7pm yesterday: OffH IC On. night 4 1/4 4 1-mooHl68 words
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Article389 1987-10-24 5 PERIOD Asian dollar deposit rates yesterday ended easier compared with Thursday's closing levels after a day of thin and cautious trading, dealers said. They said period rates lost about 3/16 point at the outset on news Citibank and several US commercial banks cut their prime lending rates389 words
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Article157 1987-10-24 5 Gold hiturM on Oct 22 100 tray ounce*. USS par troy ounce Opi* HI*. Lmt Ml Oct No* Dk Fob M Apr Air *»B Oct Dk 470.00 474.00 478.40 4«7.00 494.00 900.00 506 00 512.00 472.00 479.70 485.70 491 JO 499.00 500.00 506.00 5I6JO 470.00 472-50 478J0157 words
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Article437 1987-10-24 5 INTEREST RATES OPTIONS Fr Woy, Octobaf 23 1987 EURODOLLAR (SIMEX) Omc 97 emm Dw 17 pa* Low M Mf* Law taa 89 SO 3108 2 9000 2608 SA 4 9030 214* 7A 9100 26 1708 165 13 1 1A II 9125 10 1478 145 19 ISA 15 91 SO437 words
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Article, Illustration178 1987-10-24 5 Indicates th« avmgt of th« prim# landing rate* o4 12 ma)or banks In S'por* Interbank market rates (offer/bid) on Oct 23 us$ DM SWFC Y«n 7 6 7/1 10 1/4 10 3 13/16— 11/16 7 5/1- 3/1 4 1/4 7 1/1-7 10 1/16 15/16 3 7/1 3/4178 words
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Article86 1987-10-24 5 Treasury bills Period Issue Yesterday's closing Day's code Maturity WD OFFER HIGH LOW 3 months BQ*****T 21.1.88 3.51 3.46 3.53 3.44 6 months BS*****S 21.4.88 3.38 3.33 3.61 3.31 1 year BY*****S 22.09.88 3.65 3.60 3.66 3.55 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing86 words
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Page 5 Advertisements
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Advertisement238 1987-10-24 5 UNITED INDUSTRIAL CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT On behalf of United Industrial Corporation Limited ("UIC"), Citicorp Investment Bank (Singapore) Limited ("Citicorp") has on 22 October 1987 despatched to the shareholders of First Capital Corporation Ltd ("First Capital") the Offer Document dated 22 October 1987 relating to238 words
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Advertisement118 1987-10-24 5 APPOINTMENTS SUN HUNG KAI SECURITIES PTE LTD INSTITUTIONAL SALES invites candidates to work as a team to develop/service regional clientele in Singapore, Malaysia and Hong Kong securities. We back you up with resources and provide the environment. Are you capable of hardwork to excel? Our requirements are:INSTITUTIONAL SALES EXECUTIVES (2)118 words
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Page 5 Miscellaneous
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Miscellaneous48 1987-10-24 5 Doonesbury THAFS GREAT, LACBV! miL, IPONTKNOUJ. I'M NOT SO SURE I'M UP TO THE HJHOLB BUSINESS OF RATING Again, rrs dean fx m fill Bn a <r-a Sr H3 BY GARRY TRUDEAU lUNPERSTANP sice, SEX HAS CHANGE? wjh A BIT StNCB CHANGED TIME. BACK. m i m iai48 words
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INTERNATIONAL COMPANY NEWS
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Article, Illustration729 1987-10-24 6 Strong domestic demand and stable yen Reuter THE PROFITS of major Japanese companies will show strong growth in the year to March 1988, despite the recent turmoil in world financial markets, say economists and corporate analysts in Tokyo. Earnings are expected to bloom owingReuter - 729 words
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Page 6 Advertisements
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Advertisement918 1987-10-24 6 Nl |5 V, to wise. diae and Hong Kong Dian Xin on Saturdays, Sundays and public holidays v. Enjoy 27 selections of fine Dian Xin delicacies, prepared by chefs from Hong Kong, using only fresh, quality ingredients from 11 am to 3pm. At the Pheasant Room (2nd floor) where Dian918 words
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Advertisement206 1987-10-24 6 S& tESS\The Belvedere's French buffet luncheon. An incredible selection of more than 60 authentic favourites, from now till October 29. It's as good as being in France! 12.00 to 2.30 pm daily. Adult: $31/ Child: $15 Prices subject to 10% service charge and 3% govt tax. The marugpnent reserves the206 words
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WORLD MARKETS
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Article850 1987-10-24 7 New York Reuter THE NEW YORK stock market on Thursday tumbled below the 2,000 level in another dismal performance peppered by more bearish forecasts and continued investor confusion. Thursday's decline ended a two-day blue chip rally in which more than half of Monday's 508-point sell-offReuter - 850 words
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Article1030 1987-10-24 7 Selected indices HONGKONG Hongkong Index Friday Suspended Thursday Suspended Wee* 090 2506 19 Hang Seng Index Friday Suspended Thursday Suspended Wee* ago 3783 20 All Industrials Friday Thursday Week ago NEW YORK Dow Jones Thursday Wednesday Week ogo 2337 2 ***** ***** *****3 2027 85 *****9 TOKYO Nikkei Average Friday1,030 words
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974 1987-10-24 7 London Reuter SHARE PRICES rallied briefly after surprise news that Britain's current account deficit was only £55 million in September, down sharply from the August £929 million gap. But dealers said the rally. inspired by the 1030 GMT release of the data, wasReuter - 974 words
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Article478 1987-10-24 7 Reuter A RENEWED wave of panic selling saw the Australian share market plummet 6.7 per cent at the close yesterday as investors slashed prices across the board. Brokers said the All Ordinaries fell 113.8 points to 1,515.1, its lowest level since February 4, after Wall Street's overnight plunge andReuter - 478 words
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Article94 1987-10-24 7 oct a i HIM +<• ACO|t MlfXHQ Anglo Phil.... 0 03 unch Ap«i Mimng B ....0 08 -0 0026 Anas Con S 29 50 uoch Baguio QoM Bmk P*trot«um 0 023 uneft B*ngu«< Con B 110 oncti First PMI Hldgt 10 uncfi Lapanto B 0 54 -0 02 Mifcopptr94 words
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Article297 1987-10-24 7 Managers' prices for Oct 25 DBS Bonk Sfconton Gr fund* Jopon Gr fund* 083 126 087 131 Singapore Unit Trust Shtnton Thrift fund* UOB Manage* 082 ment 082 Tho Cow*wto 100 107 UmlundQ Umbond 080 040 T)w Savings hind 0*7 0*3 0*» 101 S'por* Prog fund S port297 words
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Article455 1987-10-24 7 Reuter TOKYO'» share index closed five per cent lower yesterday, its 11th largest one-day fall, following plunges on Wall Street and London on Thursday, brokers said. "It has nothing to do with the Japanese economy." said analyst Tadaki Uehara of Wako Securities. "But Wall Street tumbled when it lookedReuter - 455 words
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Article240 1987-10-24 7 oct a i All Sincara Indua WT 8 357 •0 16 KOC KoMn Kuochan Day Laa Chang Yuan 232.00 30.00 56.50 34.80 -12 -11 •a •1.6 68 00 4.5 41 70 -2 1 86.50 -4.5 66.50 •3.9 232 00 •12 63 50 Chang Loong 96 00 57.30 -2.5 •3240 words
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Article111 1987-10-24 7 oct sa WON Kai Kangwon M Kla Motor ***** ***** -290 -40 •100 ***** ■•■200 ***** ♦800 DMlim Ind ***** ***** -•-1000 4-460 Koraa Long Tarm... Lucky Ltd ~***** ...***** 1008 -200 Ortanial Brvwy ***** 200 Oaawoo Hnw Daiahin Socurtttaa Dong Ah Phar ***** ***** ***** ***** -300 1160111 words
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Page 7 Advertisements
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Advertisement506 1987-10-24 7 w f V) iI f Sunday Brunch: A great family outing. If s a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad506 words
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LETTERS TO THE EDITOR
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Article554 1987-10-24 8 "HAVE YOU HEARD... Mrs Tua Tai Koon was at Je'Wellers on Tuesday. 'I'm just looking for something simple,' she said, 'for Oeepavali visiting tomorrow.' But you know her. Simple means at least a dozen medium-sized stones. Actually she was thinking of getting something more sophisticated'. But her husband's554 words
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Article2274 1987-10-24 8 Dear Sir I thank Mr Willy Shee, the director of Richard Ellis (Re) Ltd (RE), for his letter published in BT (Oct 10-11) and wholeheartedly welcome his desire "to avoid any misunderstanding and wrong interpretation of the facts". I am sorry for RE that Mr Shee2,274 words
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142 1987-10-24 8 Dear Sir The letter from the Registrar of Companies and Businesses in your edition of Oct 17-18 is very informative. The Registrar by implication puts forward three propositions as follows: 1) Officers of companies with or without the assistance of professional intermediaries are honest, reliable, law-abiding142 words
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Page 8 Advertisements
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Advertisement135 1987-10-24 8 m W Scalpel...scissors...sutures.- Business Times Whether you're a surgeon, lawyer, contractor or engineer, you need to be kept well informed to maximise returns on your money. In the same way a surgeon needs his tools to operate, he needs Business Times to help him make sound investments. Fluctuations in shares,135 words
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Advertisement35 1987-10-24 8 readers. Your your signature, full name, tddrtM, and homo numbers, if any. You may add a pseudonym, if you i Addross your lottors to: Tho Editor. Business Timos, 990, Kim Song Road, Singapore 0823. I35 words
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Page 8 Miscellaneous
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Miscellaneous52 1987-10-24 8 BriStcW: RBzkDickeT£ HPiV'e. SOU SG£N ThpTT OF NOB6OO lOORKIWO IN TVie. Post fiooro? it &gp\Ts nn£ Houi toe G/npLoy THOSE, KIND Of fIEOPLE- X DOM T Be Too OH THGn JoNes... Tnev'Re oul^l IVOUHG SLs^PV^INC^ JOSTuirOG, PUSHING ePvCH OTVieR PU?OONQ «ao Tv 4£ Cu££»Cft L eXQUIVPi-GNT OF FOOT&FM-L HOOUIGPiNS.. ,<sm.52 words
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Miscellaneous744 1987-10-24 8 CRYPTIC PUZZLE ACHOSS 9 What the singer who played the beggar had? (4, 5) 10 Passes to someone below with no trouble (5, 4) 12 A fall on the stage (4) 13 Recoil from the psychiatrist (6) 14 "He's shiftless", the German cut in with (7) 15 Get stale when744 words
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Executive Lifestyle
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Article231 1987-10-24 9 THE POSITIVE way of looking at stockmarket crashes came from one non-player. He reached the conclusion this week that he had suddenly become relatively richer. THE NOBEL PRIZE for economics this year went to Professor Robert Solow. One observer could not help noticing that his surname231 words
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Article255 1987-10-24 9 TRENDS THE BEAUTY PAGEANT, complete with conteManls sporting, the Meet In bouflant hairdos and emceed by Bert Parte, was typical for Beverly Hills, CaWomla. One finalist did flips, one played dead and another stood on her hind legs. The regional "Small Dog Debut" competition255 words
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Article, Illustration708 1987-10-24 9 JAIME LYE - Pt/vl&hA*' With JAIME LYE I'M A tanorexic. In scientific terms, it describes those who take tanning so seriously that if they can't see the outline of their swimming costumes deeply etched on their bodies, they go into deep panic. They chase the sun with the708 words
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Article, Illustration1395 1987-10-24 9 SWARAN KAPUR - Story and pictur*» by SWARAN KAPUR AN OBSESSION can make a person do strange things. Like jump off a cliff. Like I did in Switzerland last month. On a hang-glid-er. I'd dreamt about hang-gliding for years, wondering how it must feel flying free, like a bird.1,395 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration911 1987-10-24 10 RICHARD SEAH - HEALTH By RICHARD SEAH "REAL FOOD'' stages a comaback, a recant issue of Time magazine reported. The article is about a glut of dubious advertisements touting the merits of natural products. The sugar industry says "Nobody's been able to duplicate real sugar, either" and911 words
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Article, Illustration533 1987-10-24 11 WALTON MORAIS - THEATRE By WALTON MORAIS TAKE FIVE single women. Cage them up in a house. Make them all lust after the same man. And you have The House of Bernards Alba. Spanish poet and playwright Federico Garcia Lorca's play of matriarchal533 words
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SHORT TAKES
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Article, Illustration145 1987-10-24 11 WOULD-BE SLEUTHS can come out of the closet next Tuesday night. For its Murder at Rutherford House dinner show next Tuesday night, American Express has included a magnifying glass in its invitations specially for those card holders who have pretensions of being self-styled private eyes and145 words
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Article, Illustration199 1987-10-24 11 THE RUGGED SINGAPOREAN, generally hardy and thick-skinned in his natural hot, muggy environment, runs for cover when the going gets cold. Yes, when the temperature drops, Singaporeans start looking for cold-weather gear. Dunhill, the cigarette and lighter people now also establishing a reputation199 words
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519 1987-10-24 11 CHUANG PECK MING - BOOKS By CHUANG PECK MING THE GREAT DEPRESSION OF 1990, by Dr Ravi Batra Simon Schuster, 1987. 235 pages. $29.95. THE CRASH in stock markets around the world should have been loud enough to make people take notice of this519 words
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Article660 1987-10-24 11 Sakina Dhilawala - Compiled by Sakina Dhilawala CINEMA: The Wltehee of Eaatwlek starring Jack Nicholson. Cher, Susan Sarandon and Michelle Pfeiffer. Showing at Lido: 11; 1.30; 4; 6.45; 9.15. The Kindred— starring David Allen Brooks, Amanda Pays, Talia Balsam and Kim Hunter, Rod Steiger. Showing at Cathay: 11; 1.30; 4; 6.30; 9.660 words
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Article355 1987-10-24 11 SUNRISE WITH SEAMONSTERS, by Paul Theroux. Penguin, 365 pages. $24. ABOUT the only unflattering piece in this collection of essays if you discount the two on the disgraced Richard Nixon is the one about Singapore, where Theroux once spent time teaching in the English department of355 words
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Article, Illustration765 1987-10-24 11 BRIAN MILLER - NIGHTSPOTS By BRIAN MILLER AFTER BEING brought up on a strict diet of Orchard Road fare, it was with a whole lot of trepidation that I took that night drive down to Jurong. But I had heard a lot765 words
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Executive Lifestyle: Sports
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Article, Illustration529 1987-10-24 12 WALTON MORAIS - GOLF By WALTON MORAIS DAVID SOH, a 28-year-old five handicapper from Warren who started playing the game seriously only two years ago, has been given the biggest assignment of his golf career when he was picked to represent Singapore in the Nomura Cup golf championship529 words
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337 1987-10-24 12 AFP A LOB over the corner of a tennis court helped little known Malawi golfer Jane Howard to pull off a big shock by eliminating British champion and fourth seed Alison Nicholas from the opening round of the £30,000 Womens match-playAFP - 337 words
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Article, Illustration573 1987-10-24 12 l BASEBALL UPI CURT FORD, his opportunity set up by a bad-hop grounder, singled home two runs in the sixth inning last night, pulling the St Louis Cardinals within one victory of a World Series title with a 4-2 triumph over the MinnesotaUPI - 573 words
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185 1987-10-24 12 CYCLING Reuter AN AMERICAN marketing company has filed a US$l2.7 million breach of contract suit against the promoters of the Tour de France. The lawsuit, filed by Broadcatting Rights International Corp on Wednesday in Federal district coprt in New York, alleges the SocieteReuter - 185 words
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Article, Illustration660 1987-10-24 12 CHERRIE HOLDER - TENNIS By CHERRIE HOLDER JUST A SNIP of a kid, barely 12 years old, he heard a radio broadcast in 1927 that so moved him that it was to carve a pattern for the rest of his life. France was playing the US in the660 words
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571 1987-10-24 12 Brian Miller - RACING on TMCK with Brian Miller SINCE returning from a riding stint in New Zealand, jockey M Gopal has been looking for the breaks but the winners have been few and far between. The boy drew a blank last week but he looks571 words
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Article462 1987-10-24 12 SNOOKER AFP SCOTTISH TEENAGER Stephen Hendry came of age when he knocked World champion Steve Davis out of the £300,000 International Snooker Grand Prix in Reading, England, on Thursday. Hendry, the precocious 18-year-old from Edinburgh, had not even come close to beating Snooker's undisputed No 1AFP - 462 words
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284 1987-10-24 12 BOXING AP ITALIAN BOXER Sumbu Kalambay predicted a win on points in yesterday (Friday) night s WBA middle-weight title fight against American Iran Barkley "if intelligence. technique and agility count in boxing". But his opponent thinks it's sheer power that rules in the ring.AP - 284 words
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Article632 1987-10-24 12 MIKE THUMBA - BRIDGE By MIKE THUMBA ALTHOUGH the Singapore Contract Bridge Association has been in existence for nearly three decades, and has represented Singapore at regional and international bridge tournaments, it never had a large membership. In the past, it attracted mainly expatriate players, although it also had some632 words
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Executive Lifestyle: Personal Investment
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Article, Illustration1252 1987-10-24 13 PERSONALITIES NYT FOR THE LAST eight years, Robert S Prechter has worked as a shepherd in the field of investment counselling, offering to lead an ever-growing flock towards the greenest of pastures, a Dow Jones Industrial Average of 3,686. To get there would takeNYT - 1,252 words
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Article, Illustration513 1987-10-24 13 Ramesh Chandiramani - By Ramesh Chandiramani THE LIGHTNING speed with which global stock markets tumbled this week has caught many investors world-wide flat-footed. In Singapore too, except for those who were prescient or lucky enough, very few people had the opportunity to clear out before the513 words
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Article269 1987-10-24 13 WALL STREET NYT WITH ALMOST half a trillion dollars in US stock prices having been wiped out since the market peaked in late August, the summer's euphoria has been replaced by a wintry chill. Not just blue chips were sold off last week; small stocks wereNYT - 269 words
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Page 9 Advertisements
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Advertisement99 1987-10-24 9 Win a top prize Down Under A SPECIAL BT supplement Destination Australia surveys the goings-on Down Under and offers, at the same time, a special chance for BT readers to win a top prize of a six-day stay for two at coastal Wirrina Resort. 90km south of Adelaide, including round-trip99 words
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Advertisement105 1987-10-24 9 Inside The Hour Glass... The Architects of Time v jfi niniMKti V-. U* «K?£. '^-V^ *%i *r* --V < We know more about timepieces fc A S When you shop at The Hour Glass you shop with confidence. You shop with the absolute assurance of the authenticity of every timepiece105 words
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Page 10 Miscellaneous
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Miscellaneous2544 1987-10-24 10 SLOTS TO WATCH Coppola, Kurosawa, and John Carpenter Movies They said it couldn't be done, but Francis Ford Coppola made a sequel just as compelling. Tha QodMhor, Part U contrasts the life of melancholy "don" (Al Pacino) with the early days of his father (Robert de Niro) as a boy2,544 words
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Page 11 Advertisements
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Advertisement28 1987-10-24 11 I I 111 l a M i.iM' 'i J •j 11 i"1 a l w j k Why its got to happenHow to protect yourself OR. RAVI BATRA28 words
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Page 13 Advertisements
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Advertisement28 1987-10-24 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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Advertisement893 1987-10-24 13 LIMITED ANNOUNCEMENT RESULTS FOR THE YEAR ENDED 31ST JULY, 1987 The Directors are pleased to announce the audited results of the Group and the Company for the year ended 31st July, 1987 Group Company Turnover Profit on Trading After accounting for:Interest income Interest on loans and bank overdraft Depreciation Gross893 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration3889 1987-10-24 14 THE STOCK MARKET retraced its previous day's rebound with prices tumbling across the board led by blue chip stocks. Waves of bargain hunting rose to carry prices up while droves of profit-takers pulled prices down. News of the Iranian missile attack on3,889 words
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Article279 1987-10-24 14 SINGAPORE Rises Indl tCM Oct 22 Oa 23 woy L©^ m 72 12 •TCaa^oMa Ml Trwai 110 10 ***** 635.95 U f f •0 4 6T06/0S -426 -506 Mf Hioiiri S0< 49 3 6TCADI •6494 -65*3 6T 10-dor MA -6261 •6311 Falls 6T06V *****15 1101(75 STMMoh 1065.64279 words
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Article4871 1987-10-24 14 SECTION ONE ■auSTMAL COMMERCIAL Aono (115 9 n ID a 148 Q ix a 145 a 143 i9i i« a IX 02 136 (II 144 a IX QI ix a l.X ill ix (2 1.44 a IX (141 1 35 Qll 111 163 IX Am*4,871 words
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FOCUS
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Article, Illustration659 1987-10-24 15 PATRICIA M SCHERSCHEL - THE CRASH OF 1987 It has been a tumultuous, bubblebursting week. Financial Editor PATRICIA M SCHERSCHEL looks at the lessons to be learnt from the Crash of '87. PATRICIA M SCHERSCHEL WHEW! This was a week for the books. Record plunges, record recoveries,659 words
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530 1987-10-24 15 LISA LEE - By LISA LEE THE PROMOTERS of two recentlycompleted issues, DBS Land and Singapore Re insurance Corporation Ltd. are keeping their fingers crossed ahead of the companies' debut on the market next week. Sing Re will make its entry on Monday with530 words
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304 1987-10-24 15 THE PUBLIC gallery at the local stock exchange yesterday was again jammed with investors wanting to take a first hand look at their investments. Mr P H Tang, 40. a businessman with about $50,000 and who has been in the304 words
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437 1987-10-24 15 Reuter HONGKONG'S STOCK market plunge could hit underwriters of proposed rights issues squarely in their pockets. The market is closed until next week following Monday s 11 per cent fall. That sell-off has already forced the cancellation of one rights issue.Reuter - 437 words
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Article4452 1987-10-24 15 TRAOING ON the Kuala Lumpur stock market yestarday was gloomy. The •harp Thursday rebound appeared to be a flash in the pan as prices yesterday took a right about-turn to eaae across-the-board in active trading. Brokers said the market in general loat ground on renewed selling4,452 words
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Article573 1987-10-24 15 B Friday, Oct 16: Pessimism gives way to panic on Wall Street. The Dow Jones Industrial Average, an index of 30 leading stocks, plunges 106.36 points to 2,246.7, ending a week that saw the Dow drop 235 points 10 per cent. B Monday, Oct It: Panic573 words
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443 1987-10-24 16 AFP AUSTRALIA has been hit by a shortage of pilots for its air force and a shortage of planes to cope with its booming tourist trade. The Royal Australian Air Force (RAAF) admitted yesterday that it had been forced to cut back onAFP - 443 words
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Article, Illustration482 1987-10-24 16 LEE HAN SHIH - By LEE HAN SHIH AFTER ESTABLISHING itself as a regional human health care centre, Singapore is out to grab a slice of the giant animal health products market which is worth at least US$6 billion annually. Its point of entry482 words
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615 1987-10-24 16 BRIAN GOMEZ - By BRIAN GOMEZ THE MALAYSIAN government has avoided pump priming measures to boost a lethargic economy, but has decided to prepay foreign loans totalling Mss billion. In unveiling his Ms2B billion 1988 Budget, Malaysia's Finance Minister Daim Zainuddin told Parliament the government would615 words
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Article, Illustration402 1987-10-24 16 THE MALAYSIAN economy is expected to grow by 4 per cent next year compared with the revised rate of 2 per cent this year, according to the 1987/88 Treasury Economic Report released yesterday. This year's growth rate was double the one per cent402 words
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429 1987-10-24 16 AFP THE UNITED STATES on Friday delivered 10 armoured assault vehicles to the Philippines, as President Corazon Aquino commended anti-communist vigilantes on the southern island of Mindanao. The V-150 armoured vehicles, which arrived on a commercial vessel, were the first of 25 earmarked for theAFP - 429 words
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Article361 1987-10-24 16 AFP ROMAN CATHOLIC leaders are looking for ways to fill the Vatican's half-empty coffers, especially after this week's chaos on world markets. Cardinal Albert Decourtray, a member of the 15member Pontifical Council of Cardinals for economic affairs, said the Vatican's reserves were all kept in dollarsAFP - 361 words
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133 1987-10-24 16 AFP A US JURY found the Monsanto Co liable for failing to warn residents about the risks of a chemical spill and ordered the chemical firm to pay US$l6.2 million in punitive damages. In one of America's longest jury trials, the company was ordered thisAFP - 133 words
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Article97 1987-10-24 16 Reuter BLUE CHIP issues showed small gains but were giving up most of their rally tries. Brokers said many investors were prepared to sell into any gain, especially in the blue chips, preventing a meaningful advance. However, the rally showed some returning interest in stocks. The DowReuter - 97 words
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Article120 1987-10-24 16 Reuter THE Financial Times/Stock Exchange index of Britain's 100 leading shares dropped to its lowest point this week of 1,748.1 after a sharply lower close in Tokyo and the resumption of declines on Wall Street overnight. The index at 0954 GMT was down 85.1Reuter - 120 words
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Article141 1987-10-24 16 Reuter COMEX GOLD futures gave back gains on selling yesterday morning following a smaller-than-expected increase in US consumer prices in September. However, the downward pressure leveled off at unchanged. December gold retreated to Thursday night's close of U*****.50 an ounce from a high of U*****.50. AnalystsReuter - 141 words
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349 1987-10-24 16 AP US CUSTOMS agents have foiled a plot, involving the head of the Soviet space agency, to sell Moscow supercomputer technology that could be used to destroy incoming missiles. Two Frenchman and a Californian software designer were arrested on Thursday after agents recoveredAP - 349 words
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212 1987-10-24 16 AP SOUTH KOREA'S trade surplus with the US in the first nine months of this year widened to U556.77 billion from US$5.3 billion in the same period last year. The Korean Foreign Trade Association reported yesterday that in September alone, the bilateral surplus stoodAP - 212 words
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LATE FILE
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Article60 1987-10-24 16 Reuter THE US Gross National Product, after removing the impact of inflation, rose at an annual rate of 3.8 per cent in the third quarter, the Commerce Department said yesterday. That followed increases in GNP of 2.5 per cent in the second quarter andReuter - 60 words
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Article41 1987-10-24 16 Reuter UK CHANCELLOR of the Exchequer Nigel Lawson, in a BBC radio interview, said cooperation among major industrial nations had now been patched up following a dispute over interest rate policy between the US and West Germany. ReuterReuter - 41 words
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Article60 1987-10-24 16 Reuter LLOYDS BANK Pic, Citibank NA. Midland Bank Ptc and Barclays Bank Pic, are cutting their base lending rates to 9.5 per cent. Market analysts said the move wasprompted by the half percentage point reduction in the Bank of England's money market dealing rates andReuter - 60 words
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Article76 1987-10-24 16 Bernama THE SULTAN of Selangor Darul Ehsan yesterday announced the withdrawal of the Datuk Paduka Mahkota Selangor Award that carries the title "Datuk" conferred on Malaysian Labour Minister Datuk Lee Kim Sai. He would also be withdrawing the Setia Mahkota Selangor Award conferred on DatukBernama - 76 words
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50 1987-10-24 16 Reuter THE PHILIPPINE Congress approved a flurry of legislation yesterday giving substantial pay increases to the country's disgruntled military and laying down penalties for corrupt government officials. The House of Representatives approved an US$B.6 billion national budget for 1968 after a marathon all-night session. ReuterReuter - 50 words
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Article45 1987-10-24 16 AP KUWAIT has deployed surface-to-air missiles north of the principal oil terminals to shoot down any Silkworm weapons fired by Iran, an official said yesterday. "Hawk missiles are now in operation" at Faylakah Island. 40km north of the terminal, he said. APAP - 45 words
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Article61 1987-10-24 16 AFP CHINA HAS produced a new type of missile, a US expert said yesterday, warning potential buyers to be "extremely cautious" about its quality. Lieutenant-Colonel Harlan Jencks, a researcher with the Chinese Studies Centre of the University of California (Berkely), said the new missile called theAFP - 61 words
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Article88 1987-10-24 16 AFP THE DALAI Lama's legal adviser said yesterday he expects conditions to get worse in Tibet before they get better in the wake of nationalist bloodshed in the Himalayan region this month. Michael van Walt said that in the short term, China will assert its authorityAFP - 88 words
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Page 16 Advertisements
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Advertisement47 1987-10-24 16 Important Auction Sale of Carpetsj Sunday October 25 1987' Commencing at 2pm sharp Mandarin Hotel Reception Hall Fifth Floor South Wing Viewing Inspection Time: lOam 1 pm Auctioneers. DOMINION aocnowfts tc»*n s <td VICTORS MORRIS 60 Cecil Street #03-01/05 Kwangtung Provincial Bank Building. Singapore 0104 Tel' 771RRflfl47 words
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Advertisement211 1987-10-24 16 Win a top prize Down Under IN THE WAKE of what could prove to be Australia's biggest tourism boom, its state governments and private entrepreneurs have laid the infrastructure for posing a major challenge to Asia's established convention centres. In a special supplement Destination Australia we survey the goings-on Down211 words
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