The Business Times, 28 May 1988

Microfilm: NL16193
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, May 28-29 1988 75 CENTS
    12 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    269 1 AP Dow Jones lower NEW YORK stocks headed lower yesterday morning in the face of rising interest rates. The Dow Jones Industrial Average dropped 6.58 points to 1,960.17 in the first hour of trading. Losers outnumbered gainers by 483 to 339. After rising sharply on Thursday, interest
    AP  -  269 words
  • Article
    July rubber prices expected to hit new high
    367 1  -  By BOEY KIT YIN BULLISH SENTIMENT continued to nudge rubber prices upwards as June contracts ran out yesterday, with brokers predicting July prices will hit a record high of 553.50 a kg next week. June prices closed at 301 cents yesterday, rising
    367 words
  • Article, Illustration
    Confidence boosts local turnover
    243 1 SHARE PRICES closed lower on regional markets yesterday except in Singapore and Sydney. In Singapore, a return of investor confidence boosted turnover to 56.79 million shares worth $91.28 million, up significantly from the previous day's total of 34.06 million shares valued at $68.42 million. The buying
    243 words
  • Article
    NWC expected to propose end to wage restraint for 1988
    468 1  -  Qualitative guideline likely because of wage reform push By CHUANG PECK MING AN END to wage restraint is expected to be proposed by the National Wages Council in view of the strong economic recovery last year and the bright outlook
    468 words
  • Article
    News of higher prime rates boosts Australian dollar
    173 1 THE AUSTRALIAN dollar hit a 40-month high on Asia's foreign exchanges yesterday following news that major Australian banks have raised their prime lending rates. But the US dollar closed steady amid uncertainty over its outlook and market talk of an immediate rise
    173 words
  • Article
    Interest rates to remain low conditional on subdued inflation
    316 1  -  By LILY FERNANDEZ THE MONETARY Authority of Singapore (MAS) will try to keep interest rates as low as is compatible with subdued inflation, preferably zero inflation, says its managing director. This is to promote non-inflationary and sustained economic growth. "If a
    316 words
  • Article
    Lock icon Tokyo approves new five-year economic plan
    115 1 AFP THE JAPANESE government yesterday approved a new five-year economic plan calling for a cut in external surpluses, improvement of living conditions and the balanced development of local communities, officials said. The programme is titled "Economic management in a global context" and was compiled
    AFP  -  115 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      286 1 Nikon INSIDE GIVEN THAT THE WORLD is kept moving by THE UNITED STATES will modify its global INSAS BHD, the Malaysian paper company a machine called love, it is paradoxical that f arm trade plan next month to allay Japa- formerly called Paper Products (Malaya) engineers should be accused of
      286 words
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      Page 1 Advertisements Column 2
      0 1 *::`*]*=|.)(+:"<]]?_+"-&$?'"-.;
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      Page 1 Advertisements Column 3
      14 1 Continue to minimis* cost, SICC urges Singapore is Indonesia's eighth biggest investor, Page 2
      14 words
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      Page 1 Advertisements Column 4
      315 1 Nikon gji 4 ffc® Wortd* F S True Brit goes international Page 7 PipihH Trtvta All they say about Nepal is true, almost— Page 7 Philip Jeyaretnam: a home-grown Maugham? Page 9 TV programmes for today and tomorrow Page 10 Stats ts Watch Local Hero, the Greenhouse Effect and Chet
      315 words
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  • HOME NEWS
    • Article, Illustration
      The top Malay/Muslim businessman to be revealed tonight
      162 2 THE WINNER of the first Malay/Muslim Businessman of the Year competition will be announced tonight at a dinner to be be graced by First Deputy Prime Minister Goh Chok Tong. Jointly organised by the Singapore Malay Chamber of Commerce and Berita Harian,
      162 words
    • Article
      EDB members re-appointed
      121 2 TRADE and Industry Minister, Brigadier-General Lee Hsien Loong, has re-appointed the following as members of the Economic Development Board: Mr Koh Boon Hwee, Telecoms chairman and managing director of Hewlett Packard Singapore; Mr Yeo Seng Teck, chief executive officer of Trade Development Board and chairman of Jurong
      121 words
    • Article
      Mobil customers can use Nets
      102 2 OIL COMPANY Mobil has taken another step in automating its petrol stations. Its outdoor card readers at its chain of service stations are now linked to the Network for Electronic Transfers (Nets). This means that motorists with ATM cards need not go into the sales
      102 words
    • Article
      S'pore is Indonesia's eighth biggest investor
      478 2  -  Cumulative investments from 1967 total USs269m By LILY FERNANDEZ SINGAPORE'S cumulative investments in Indonesia from 1967 to January this year amounted to US$269 million, making it Indonesia's eighth largest foreign investor. The data, released yesterday by the Singapore International Chamber of Commerce (SICC) as
      478 words
    • Article, Illustration
      Continue to minimise cost, SICC urges
      426 2 SINGAPORE'S increasing costs and its labour shortage dominated the speeches of the incoming and outgoing chairmen of the Singapore International Chamber of Commerce (SICC) at its annual general meeting yesterday. Newly-elected chairman Boon Yoon Chiang said: "We would urge the government, on its part,
      426 words
    • Article
      SIA plans more flights to Frankfurt, new flights to Dusseldorf
      392 2 SINGAPORE AIRLINES, which currently operates four weekly services to Frankfurt, seeks to introduce an extra service every year over the next three years, starting from the middle of this year, to the West German city. Disclosing these ambitions yesterday, SIA
      392 words
    • Article
      Clear definition of 'residential properties' helps foreign buyers
      451 2 FOREIGNERS wanting to sink their millions in Singapore's property market will find it easier to do so come June 1. On that day. The Residential Property Notification 1988, issued by the Ministry of Law yesterday. will come into force. It spells out
      451 words
    • Article
      Singapore, Japan sign productivity project's extension
      293 2 THE Annual Workplan for the 1986-1989 financial year of the Productivity Development Project (PDP) was signed yesterday by representatives from Singapore and Japan. This Annual Workplan is basically an extension of the original Productivity Development Project. PDP was begun in 1983 and scheduled to
      293 words
    • Article
      Married women below 20 years an active working group
      552 2  -  By LEE HAN SHIH MARRIED WOMEN below 20 years old appear more active in the labour force than those who are single, judging from the results of the latest Labour Survey. Released yesterday, the survey confirmed the general sentiment that married
      552 words
    • Article
      SHIPS IN PORT
      1250 2 AT CONVENTIONAL WHARVES VtMtl UVI III ArrVTII l/VptrTUn KEPPEL WHARVES Armodo Abodi KI9 alongside 29 06/0700 Boekmokong K21 alongside 2906/1700 Eastern Glory K28 alongside 26 05/ISOO Equator V K22 alongside 28 05-2359 Hoimen K30 alongside 30 05/ ISOO Kim Soon li K23 alongside 2805/0300 Koto Berani K32
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      145 2 Treat your family to a sumptuous Chao Zhou provincial meal at the Chao Zhou Garden Restaurant. Ask for our special set menu ranging from $28+ for 2 persons, $55+ for 4-5 persons or $88+ for 6-8 persons. A delectable choice of Chao Zhou dian xin are also available on the
      145 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Soviets to extend hospitality to Reagan
      405 3 Reuter THE IMPENDING arrival of President Ronald Reagan of the US has almost replaced a sugar shortage as the main topic of conversation in the Soviet Union. People are excited and believe Mr Reagan's first visit to their country from May 29 to June
      Reuter  -  405 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      985 3 ARRIVALS Operator Sorvlco number Local tkno From SIA SQ11 0040 LAX/NRT MAS MH601 0140 KUl CAL CI333 0405 TP£ SIA SQ41 0610 MAA MK MK/ SQ745 0730 MRU SIA SQ23 0755 AMS/BOM MAS MH640 0820 KUL SV SV398 0835 JED/RUH KAL KE624 0840 KUL SIA SQ417 0845
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    • Article
      Lock icon Soviet leaders issue blueprint for democracy
      166 3 Reuter THE SOVIET communist leadership has put forward a bold blueprint for discussion by grassroots party members next month to make the country more democratic and to strengthen citizens' rights. Ten "theses" reviewing the progress of Kremlin reforms and suggesting further developments were passed
      Reuter  -  166 words
    • Article
      Lock icon EC leading indicator continued its rise in March
      159 3 AP THE European Community's leading economic indicator recovered strongly in March, indicating optimism about Europe's economic prospects for the next year, the EC Commission said on Thursday. The indicator was at 103 in March, up 0.3 percentage point from 102.7 in February,
      AP  -  159 words
    • Article
      Lock icon 'Other nations increasingly see US bases as liability'
      140 3 AP PLEADING for an increase in US foreign aid, a State Department official told senators on Thursday that other countries increasingly see US military bases as a liability rather than an asset. "This is a disturbing situation," said US Deputy Secretary of
      AP  -  140 words
    • Article
      Lock icon Change in US farm trade plan to suit Japan
      502 3 Bid to guarantee food supply even in shortages Reuter THE UNITED STATES will modify its global farm trade plan next month to allay Japanese concern and build support for the embattled proposal, a senior US official said in Washington on Thursday.
      Reuter  -  502 words
    • Article
      Lock icon US House adopts US$1.1 trillion budget
      238 3 AFP THE US House of Representatives on Thursday adopted a US$l.l trillion federal budget for fiscal 1989 which stays within deficit reduction goals agreed to last year by Congress and President Reagan. The budget for the fiscal year beginning Oct 1 was passed 201
      AFP  -  238 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      55 3 fI 1# %l. Wm flu The business person's choice, every I I II 111 1 Tuesday. Thursday, Saturday and 1 II \l I I Sunday. Leaving Changi Airport at I VyA JL 22:05 hours and arriving at Lester B Larson International Airport the following day. Call your Travel Agent or
      55 words
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      Page 3 Advertisements Column 2
      161 3 mm i m mnwmmk Jsgw £28 V s 4iJ» r, I't: it. fc Atitivrxn) Dealers: DAI MAR I! ISETAN-HAVELOCK. ORCHARD LE CLASSIQUE METRO GRAND LL'CKY PLAZA ROBINSONS SOGO FAR EAST REPTILE HOUSE F J BENJAMIN CHANGI AIRPORT GRAND CLASSIC HALLEYS DEPARTMENT STORE HULK PTE LTD LEATHER LODGE LEE REPTILE U'CKY
      161 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      137 3 Beirut Belgrode Berlin Bermuda (°C) 18/09 Rain 27/14 Clear 21/15 Clear 35/27 Clear 34/27 Clear 32/25 Cloudy 27/23 Cloudy 25/18 Sunny 24/12 Clear 27/15 Clear 29/25 Clear 27/13 Shower* 24/16 Fine 21/08 Clear 15/02 Clear 41/25 Clear 25/03 Clear 10/02 Rain 28/21 Cloudy 15/03 Clear 18/08 Clear 34/23 Smoke 16/06
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    • Miscellaneous
      Page 3 Miscellaneous Column 2
      77 3 Doonesbury IAMES AMP GENTLEMEN, w&ntemsnHouG&s, UJE HAVE RECB/VEP HUNPREPS THE PRESIDENT fS HJAte OF YOUR KEEN INTEREST IN THE SUBJECT, BUT AT THE MOMENT, HE IS TDOBU9f7OAMSU£RWUR. QUESTIONS IN PERSON f w 3 i* f 1111 ni H i I ft IV 1 a If 4 r-3 BY GARRY TRUDEAU
      77 words
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  • MONEY AND EXCHANGES
    • Article
      Asian dollar market
      339 4 ASIAN DOLLAR deposit rates closed steady yesterday at firmer opening lev- els in quiet trading, dampened by the holidays in UK. the US and Singapore on Monday, dealers said. Rates firmed by 1/16 to 5/16 points across the board at the outset following a better than expected
      339 words
    • Article
      Money markets
      54 4 OVERNIGHT money rose one point to 4 per cent yesterday. The one and twomonth rates were unchanged while threemonths fell 1/16 point. S$ Interbank rates A at 12 noon yesterday: OHW MO Ov«rnigto 4 t 4 2-manrtt 4 3-eienlh 4 3 3/4 3 7/t 3 7/1 3 7/t
      54 words
    • Article
      Government securities market
      85 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity WO OFFER HIGH LOW 3 months RQ*****X 18.8.88 3.82 3.77 3.78 3.69 6 months RY*****7 24.11.88 3.82 3.77 3.80 3.74 1 year BY*****Z 23.3.89 3.85 3.80 3.83 3.80 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      85 words
    • Article, Illustration
      World interest rates
      189 4 Indicate* the average of the prime lending rates of 12 ma|or banks In S'pore Interbank market rates (offer/bid) on May 27 us$ DM SWFC 7 doyt 7 5/8 1/2 7 1/2 1/4 3 1/4 2 7/t 3/4 5 4 7/8 1 mlh 7 5/8 1/2 7 7/16
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    • Article
      Comex gold/silver futures
      165 4 Gold futures on May 26 100 troy ounces; US par My ounce OH* Ml* Loo SMt Mar ***** -0.30 inn 454.60 ***** 452.30 434.10 -0.70 M 456.X .1.00 458.30 459.60 454 00 438.70 -O.IO Oct 463.30 464.20 462.00 463.60 Dk 469.00 469.50 465.00 468.70 0.10 Fab 89
      165 words
    • Article
      Forex markets
      1636 4 SINGAPORE: The US dollar closed slightly higher yesterday on buoyant GNP data and speculation of a discount rate rise while the Australian unit rose on news of higher prime lending rates and fresh buying, dealers said. The US dollar was sandwiched between selling interest at 127.80 yen and
      1,636 words
    • Article
      Lock icon IMM
      218 4 Reuter MOST IMM currency futures closed Thursday steady to lower and below session highs. The market had firmed near midday but was eroded again late as US Treasury bonds strengthened amid talk the five-year Tnote auction was well received and as traders squared positions. the Canadian dollar held sharp
      Reuter  -  218 words
    • Article
      Simex
      456 4 EURODOLLAR futures opened weaker yesterday amid signs of the Federal Reserve tightening interest rates further following the release of the stronger than expected first quarter US GNP number. Rumours of a rise in US discount rate also kept pressure on prices. The September contract opened at 91.70 and was
      456 words
    • Article
      Options
      1436 4 CURRENCY FUTURES OPTIONS Friday, May 27 1988 DEUTSCHEMARK (SIMEX) Jw M caM* Jw M pu* 54 55 54 57 58 59 60 *1 *2 63 70 70 70 7 2 1308 CAB 2308 CAB CAB CAB CAB CAB CAB 4 41 132 232 335 435 59 60 J* MM*
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  • BANKING AND FINANCE
    • Article
      Lock icon Eximbank losses much higher, says GAO
      398 5 UPI THE United States Export-Import Bank reported this week it suffered losses of US$46l million in fiscal 1987, but the General Accounting Office contends the real losses ranged between $3 billion and $4.7 billion. Comptroller General Charles A Bowsher, who heads the GAO, said
      UPI  -  398 words
    • Article
      Lock icon BankAmerica expects profit growth
      100 5 Reuter BANKAMERICA Corp expects profit growth this year and next, following losses in the previous three years. Bank America chairman and chief executive officer A W Clausen said the company was "on the right course." In a speech prepared for delivery at the company's annual shareholders
      Reuter  -  100 words
    • Article
      Lock icon Banco Central's key shareholders hire Salomon
      203 5 Reuter US INVESTMENT BANK Salomon Brothers has been hired as investment adviser to a consortium of Spanish and Kuwaiti shareholders in Spain's Banco Central which last week announced plans to merge with Banco Espanol de Credito. Cartera Central SA, a holding company formed last
      Reuter  -  203 words
    • Article
      Lock icon Manila divided over level of international reserves to maintain
      252 5 Reuter DIFFERENCES have emerged between the Philippine central bank and the central planning body, the National Economic Development Authority (Neda), over how high to maintain the country's international reserves. Neda's deputy director general Filologo Pante said at a meeting of the
      Reuter  -  252 words
    • Article, Illustration
      Exco to give thrust to OUB management
      424 5  -  By SOH TIANG KENG OVERSEAS UNION BANK has formed an executive committee of the board (Exco) to provide the overall direction to the bank's management. The establishment of the Exco was announced by OUB yesterday as part of its management revamp which is
      424 words
    • Article
      Lock icon French central bank cuts two key rates
      383 5 AFP BANQUE DE FRANCE, the French central bank, has lowered its two key interest rates by a quarter of a point and raised commercial banks' minimum legal reserves. The bank said on Thursday its tender offer rate was cut from 7.25 per cent
      AFP  -  383 words
  • COMMODITIES
    • Article
      RAS and MRELB
      280 5 RAS prices In 3 c«nte/kg, FOB In bata 1 NOON CLOSE Buyers Sellers Buyers Sellers Irrt 1 RSS Prompt 299.00 303.00N 305.00 310.00N Int 1 RSS June 88 296.00 301.00N 301.00 306.00 lot 1 RSS July 302.00 307.00 307.00 312.00 bit 2 RSS OP 293.00 297.00N 298.00
      280 words
    • Article
      SSR and SMR
      76 5 (eent*/kfl) JUNE 1988 JULY 1988 (currant month) (forward month) NOON NOON RAS Buyers Sellers Buyers Seflen SS8 20 SSR 50 260.00 265.00N 260.00 265.00N 258.00 263.00N 258.00 263.00N MRELB kr«n Se4lers Buyers Seller. SMt CV SMt I SMt 5 545.00 549.00N 546.00 550.00N 550.00 343.50 554.00N 345.50N
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    • Article
      Lock icon Rubber
      244 5 Reuter SINGAPORE The market continued its uptrend yesterday. June 1 RSS buyers price closed nine cents firmer to a near eight-year high of 301.00 cents a kilo. Dealers said opening prices were marked five cents higher. Thereafter prices hovered narrowly until renewed speculative buying in the afternoon helped boost
      Reuter  -  244 words
    • Article
      Lock icon KL Tin
      190 5 Reuter The Kuala Lumpur Tin Market extended ita upward trend in early trade yesterday to cloae 12 centa higher at M 817.80 a kg, dealere said. But trading slackened towards the close aa buyera became cautious following higher prices and the wide £40 premium over European prlcee. Final
      Reuter  -  190 words
    • Article
      Produce prices
      219 5 Chinese Produce Exchange Sellers' noon dosing prices on May 27 (SS/100 kg) Coconut oil Bulk FOB 107.00 OW drum FOB 117.00 New drum FOB 121.00 Copra Mixed (loos*) 62 sellers Pepper Muntok white FOB NIW 1125.00 Sarawak white FOB foq NLW 1110.00 Sarawak special 652.50 black FOB NLW
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    • Article
      Lock icon Palm Oil
      404 5 Bernama ES MALAYSIAN CRUDE PALM OIL FUTURES closed easier in fairly active trading on the Kuala Lumpur Commodity Exchange yesterday. Dealers said prices continued to ease further following erosion on the Chicago soybean market and profit-taking in view of the long weekend. June fell $15 to Ms9B4 per
      Bernama ES  -  404 words
    • Article
      Precious Metals
      307 5 HONGKONG: The metal closed barely changed from New York levels in fairly quiet and directionless trading yesterday. dealers said. Bullion ended at U*****.00/40 an ounce against an initial $453.20/60 and New York's $453.00/50 close. On the local market, gold rose HK$l4 to $4,223 a tael. Coins were generally
      307 words
    • Article
      Oil and Products
      86 5 LIGHT REGIONAL crude strengthened as oversupply eased. Product prices languished although traders talked actively. Closing prices for crude (FOB origin) USS/borrel Onnge Top*. (June) 17.10 OilO Minoi (iuna) undi Dubai (My) 14.90 audi Watt Taw WTI 17J5 ♦0.13 Nn York ct ote prerbom 6oy. Products (FOB S'pore)
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    • Article
      Lock icon Soybean
      109 5 Reuter CBT SOYBEAN futures retraced some of the morning losses, but still closed down five to 14-1/2 cents per bushel in moderately active trade on Thursday. July settled at $7.54 after posting a 20 cent range on the day. Forecasts for soaking rains across the Midwest next week, which
      Reuter  -  109 words
    • Article
      Lock icon Wheat
      111 5 Reuter CBT WHEAT futures closed off the lows with losses of 4-1/2 to 10 cents per bushel in moderate, volatile trade on Thursday. July settled at $3.36-3/4. Forecasts of general rains across the Midwest next week, which should aid in the final head filling stage, kept futures on the
      Reuter  -  111 words
    • Article
      London markets
      302 5 London Commodity Exchange Buyer/Seller doting prices on May 26 (£/tonn* unless specified). Previous doting prices in parenfhetit. Coffee lath in-stor« London, s«IWn option CIF London May 1040/1048 (1048/1050) High/Low 1049/1037 Jul 1063/1064 (1065/1067) High/Low 1070/1053 Sat«i (2473) Cocoa Moy 910/922 (950/955) High/low 940/941 Jul 933/934 (963/964) High/Low 958/930
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  • PERSPECTIVE
    • Article
      In defence of the love machine
      543 6 IN A RECENT letter to a newspaper, an engineer made an eloquent defence of his co-professionals against charges of being unromantic. Tang Hung Kei argued that engineering was a creative profession, especially at the advanced level, where the imaginativeness expected of an engineer approximated
      543 words
    • Article, Illustration
      Lock icon Playboy turns pragmatic
      984 6  -  Under founder Hugh Hefner's management, Playboy was the epitome of hedonistic pleasures. However, now that daughter Christie has taken over, Playboy's image has undergone a change. David Dishneau reports. David Dishneau AP THE BOW-TIED BUNNY still stands for sexy female centrefolds, lively interviews and men's fashion tips,
      AP  -  984 words
    • Article
      Tang Tuck Wah a loyal member of PAP
      138 6  -  Letters to the Editor B Rao K S Rajah Daar Sir We act for Mr Tang Tuck Wah who was the Automobile Association of Singapore's former gener-al-secretary. We refer to the article under the heading "Threeway tussle for AA presidency" that appeared
      138 words
    • Article
      The obvious answer
      81 6  -  D W Distant Dear Sir The obvious explanation to the query raised in "Keeping track" (BT 21.5.88) as to why investors use warrants and cash instead of loan stock when converting to shares in Parkway must surely lie in the difficulty of buying $1400 loan stock. If
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    • Article, Illustration
      Lock icon Russia's change of heart towards advertising
      868 6  -  By ESTHER B FEIN NYT "ADVERTISING is a means of swindling the people by foisting upon them goods frequently useless and of dubious quality," the Soviet Encyclopedia said in the late *****. "Advertising involves the popularisation of goods with the aim of selling them."
      NYT  -  868 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      44 6 BT welcomes letters from readers. Your letters must include your signature, hill name, address, and home and office telephone numbers, If any. You may add a pseudonym, If you wish. Address your letters to: The Editor, Business Times, 390, Kim Seng Road, Singapore, 0923
      44 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      771 6 CRYPTIC PUZZLE ACROSS 9 Passed, it's clear, to a man (9) 10 Through getting an opportunity, maybe (9) 12 The standpoint of the team (4) 13 Each getting a section (6) 14 It's up to one to make it unfold (4, 3) 15 In addition, getting the telephone number (9)
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      266 7 SUDIRMAN, Malaysia's top nightclub performer, did a number recently at Celebrities Disco/Lounge which got the whole house on its feet. The song? "Stand up for Singapore". DOOR-TO-DOOR salesmen who peddle vacuum cleaners have a reputation for being very thorough in their work. Some, in particular those
      266 words
    • Article, Illustration
      True Brit goes international
      1362 7  -  By MONICA GWEE THE SUGGESTION is surely this: consistent breeding. Horses, Ascot, British public schools, the old boy network, "Brit grit", hunts, polo, rowing, women and pearls, Pimms in the summer, everything reassuringly landed and gentry. Yes, gentry. The Ounhill image is so tightly balanced between
      1,362 words
    • Article, Illustration
      Everything they say is true, almost...
      946 7  -  With ANNA TEO "AARRRGHYAAWOIU*%?@€&# NO TOILET*&O came the piercing shriek just when I made for the ramshackle wooden shed, put up clearly to house a hole in the ground. We looked up to find, on a higher mound, an angry, gesticulating woman and a
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    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        Champagne: a wine for all seasons
        948 9  -  By N K Y THE VERY WORD conjures up an image of luxury, festivity and indulgence. Because it is expensive, and because it bubbles and sparkles, champagne is often reserved for celebrations and very special events. There is no other wine which quite conveys
        948 words
      • Article, Illustration
        Makings of a home-grown Maugham
        612 9  -  BOOKS By J L FIRST LOVES By Philip Jeyaretnam First published in August 1987 Fourth reprint, February 1988 Times Books International. $7.50 PHILIP JEYARETNAM can proudly claim a record on the Sunday Times best-seller list. Since it was first published, the book has been top
        612 words
      • Article, Illustration
        Stopping Apple from turning rotten
        775 9  -  By CHUANG PECK MING IT HAD APPEARED to be one of the most cunning boardroom coup d'etats in the American corporate world the toppling of Apple Computer's charismatic co-founder, Steve Jobs, by John Sculley. Jobs had relentlessly wooed Sculley Pepsi Cola's youngest president at 38
        775 words
      • Article, Illustration
        Heaven is where the romantics are
        826 11  -  CINEMA By CHRISTOPHER TAN MY FRIEND lan insists the girl he's courting for 10 years now is his soul-mate. That he's meant to be with her. How else can he explain the fact that he's been in love with her from first sight? He
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      • Article, Illustration
        THE BIG, BIG BANG
        616 11  -  SINGAPORE FESTIVAL OF ARTS /Q 8 By CLAIRE LEOW CONFUSION won over anticipation at the dress rehearsal on Thursday night for tonight's grand Arts Festival City Celebrations. For some inexplicable reason. no one seemed to know what was happening or where it was happening and a
        616 words
      • Article, Illustration
        A play about the human soul to give your spirits a lift
        531 11  -  By CHARLES SAVAGE IT HAS BEEN a perennial wish of Man to relive his life and be able to do it all again, avoiding the mistakes. To Touch The Soul of a God makes this wish come true
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      • Article, Illustration
        'This is an album, not a performance'
        480 11  -  MUSIC By WALTON MORAIS THE PRESS conference was held in a darkened disco lounge. The band members are part owners. And the band leader insists this is no new trend. Thursday's press launch of the debut album Irreversible Love by local band Speedway
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      • Article
        BILLBOARD
        783 11 SINGAPORE FESTIVAL OF ARTS £b 1988 jfC =?3 TODAY: City Celebrations. 7.15pm Marina Square. A colourful and elaborate celebration to mark the opening of this year's arts festival. Free. Hayavadana. Also tomorrow and June 3 through June 5. Bpm. Drama Centre. An Indian folk play presented by the Experimental
        783 words
    • Executive Lifestyle: Entertainment & the Arts
      • Article
        Tennis with celebrities, anyone?
        540 10  -  SHOWBIZ Shoeb Kagda DAVID DOYLE has his heart on Charlies Angels. Buck Rogers wants to have a Singapore lady for a souvenir. And singer Jack Jones is still very much in his prime, thank you very much, whatever TV journalists may think. Sharing a lunch table
        540 words
      • Article, Illustration
        Life according to Arte
        495 10  -  PROFILE By SHOEB KAGDA SINGAPORE is many things to many people. But a filled plastic bag? At least that's what Arte Johnson thinks. The veteran actor may not boast an eye-catching physique or rugged good looks. But he certainly does possess a quick wit and an
        495 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Lendl-McEnroe clash likely
        990 12  -  TENNIS From BARRY WOOD IVAN LENOL and John McEnroe have moved to within one match of their eagerly-awaited Centre Court clash at the French Open, both enjoying straight-forward third round victories. Lendl took a few games to assess Niclas Kroon before beating him 6-4 6-0 6-1, and
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      • Article
        Banking on being the top tennis player
        349 12 BENEATH the pin-striped shirt, plain tie and dark coloured suit lurks a Jimmy Connors, or a petulant Mac or perhaps even an immensely athletic Yanick Noah. Not like your average conservative bank president you may think, but 100 bankers will be taking their
        349 words
      • Article, Illustration
        Indonesia demolishes Denmark in two singles
        515 12  -  BADMINTON From SHIRISH NADKARNI DENMARK, on paper boasting one of the two strongest singles line-ups in the current Thomas Cup finals, flopped miserably at the Stadium Negara last night against Indonesia, their toughest rivals in Group B'. Needing to win all three singles (in
        515 words
      • Article, Illustration
        Lock icon McLaren team tipped to win in Mexico
        271 12 MOTOR RACING UPI THE McLAREN team, specifically France s Alain Prost, is favoured to win Sunday's Mexican Formula One Grand Prix at the Hermanos Rodriguez race track. Racing experts say conditions favour the McLaren team, headed by Prost. the world's No 1 Grand
        UPI  -  271 words
      • Article, Illustration
        Lock icon Lakers rout Mavericks in western final
        485 12 BASKETBALL UPI BYRON SCOTT continued his torrid shooting against Dallas on Wednesday night, pouring in 30 points to give the Los Angeles Lakers a 2-0 lead in the western conference final with a 123-101 rout of the Mavericks. Kareem Abdul-Jabbar added 9 of his
        UPI  -  485 words
      • Article
        S'pore to play host to First Far East Bridge Congress
        511 12  -  Bridge By Mike Thumba THE FAR EAST Bridge Federation at its 29th Championship Games held in Penang in November 1986 decided to grant Singapore the honour of hosting the First Far East Bridge Congress. which like the Olympic Games, will
        511 words
      • Article
        Plenty of excitement to look forward to in KL
        836 12  -  TMCk With JEROME FANDOR THE CIRCUIT swings back to Kuala Lumpur this weekend with Class 1, 5 and Restricted Terms horses competing. That means glamour horses, lesser lights, a sponsored race and even a cup for Malaysian breds. Rothman's International is
        836 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        It's important to know other investors' opinions
        685 13  -  MARKET SENTIMENT BEunm'sA cnRnER Sm -by RC VALUE-FOR-MONEY investing is undoubtedly the best method of stock selection, and considerable weighting should be placed on it. There are various yardsticks, loosely called "fundamentals", that can be used in assessing a stock s appeal price-earnings
        685 words
      • Article, Illustration
        Lock icon Templeton turns bond salesman but remains tied to equities
        728 13 STOCKS FT DON'T GET too concerned because Sir John Templeton, the doyen of global fund managers, has become a bond salesman. Bond funds may be the current hot-sellers, but equities remain closer to his heart, even more so since last October
        FT  -  728 words
      • Article
        Defence-strong Avimo sets its sights firmly on growth
        987 13  -  mm By RAMESH CHANDIRAMANI THERE ARE a few stocks listed on the Stock Exchange of Singapore that offer investors a technology play, but there aren't any that are involved purely in defence contracting. Avimo Singapore Ltd. however, combines the best of both;
        987 words
      • Article
        Daiwa leads Great Investment Race with 10.8pc gain
        396 13  -  COMPETITION by RC THE FIRST SET of results for The Great Investment Race, a financial competition among nine banks and stockbroking firms to raise funds for charity, is in. For the two-week period from May 14 to 24, Daiwa Singapore Ltd topped
        396 words
      • Article, Illustration
        Two favourites poised to rise
        467 13  -  by RC LAST WEEK, this columnist drew readers' attention to the fact that many charts of local and Malaysian companies were looking quite positive and poised for big moves forward. The only thing lacking, it was said, was big buying power. Well, even that's changing.
        467 words
      • Article
        Ming and Qing sale gets fine reception
        250 13  -  ART TRADE by Ruth Corb HONGKONG was the hub of activity for the art market last week. The highlight was a special single-owner collection of 117 lots of Ming and Qing porcelain, considered one of the finest to be auctioned in recent years.
        250 words
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      Page 8 Advertisements Column 1
      830 8 4 COURyOISIERXO~Where to eat, drink*.. SUNDAY FAMILY LUNCH 5 *6 "L 'V tt m if! .11 Bring the family for a fabulous meal of fresh seafood and Chinese dishes from our a la carte menu. At a generous 25% off the bill. But only on Sundays between 11.30 am and
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      Page 8 Advertisements Column 2
      166 8 m French connection The culinary favourites of France are yours to enjoy from May 1 31. With Fines de Claires, Canard a r Orange, Quiche Lorraine, Escargot au champignons, Coq au vin rouge, Crepes Suzette and more! Make the French connection for just ora^ tsand $15* for children. w. </....
      166 words
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      Page 9 Advertisements Column 1
      472 9 and entertain 4 it J£jr Sunday Brunch: A great family outing It'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 salad and
      472 words
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      1647 10 Local Hero, the Greenhouse Effect and Chet Gene Hackman and Roy Scheider star in the 1971 Academy Award winner The French Connection, a tine action film about two hard-nosed New York detectives who stumble upon the biggest drug haul of that time. The movie picked up five Oscars for Best
      1,647 words
    • Miscellaneous
      Page 10 Miscellaneous Column 2
      1030 10 Saturday /fwji BBC 88.9 mHz in VHF Band II 6AM World News 6.09 The World Today 6.2S A Letter from Northern Ireland 6.30 Financial News 6.40 Reflections 6.45 Sports Roundup. 7.00 World News 7.09 Commentary. 7.15 From the Weeklies 7.30 Multitrack 3. 8.00 World News 8.09 News about Britain. 8.15
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      Page 13 Advertisements Column 1
      28 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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      Page 13 Advertisements Column 2
      84 13 NOTICE OF REMOVAL CTSR) BANK OF BOSTON the first national bank of boston (Iwcorpi Hid m USA I■ mi lad liaMrtvl With effect from Saturday, 28 May 1988, we will be located at: 20 COLLYER QUAY 16-00 TUNG CENTRE SINGAPORE 0104 There is no change in our telephone, facsimile and
      84 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Stocks gain ground on heavy volume
      4898 14 NEWS of an upward revision of the current year's economic growth by one percentage point based on a better-than-expected first quarterly economic growth sent share prices higher. Yesterday's trading volume of 56.79 million shares worth $91.28 million was the highest since Nov 2 when
      4,898 words
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  • COMPANY NEWS
    • Article
      Town & City incurs $118m loss
      335 15  - Town City incurs $118m loss By AMY BALAN BELEAGUERED Town and City Properties Ltd, whose shareholders' funds were wiped out 18 months ago, chalked up a staggering attributable loss of $118 million at the company level. If it is any consolation to Town and City shareholders, loss at the group
      335 words
    • Article
      Marco Polo's short-term minority holders advised to accept offer
      441 15  -  By ELAINE KOH MINORITY shareholders of Hotel Marco Polo taking a short-term view of their investment have been advised to accept an offer of $1.20 a share by Hongkong magnate Sir Y K Pao. This advice also goes to the holders
      441 words
    • Article
      Business done on the SES
      4450 15 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      4,450 words
    • Article
      COMPANY MEETINGS
      70 15 SINGAPORE BUS SERVICE (1978) Limited: 10th AGM at the Conferrence Room. SBS HQ. 205 Braddell Road. Singapore 2057, today. May 28. at 11.30am. TONG MENG INDUSTRIES Limited: 23rd AGM at 47 Hill Street #05-02. Chinese Chamber of Commerce Industry Building, Singapore 0617. today. May 28. at noon. AJINOMOTO
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    • Article
      Insas takes legal action in KL to recover assets
      657 15  -  Writ of summons served on defendants By LORETTA McLAUGHLAN INSAS BHD. the Malaysian paper company formerly called Paper Products (Malaya) Bhd, is taking court action in Kuala Lumpur to recover assets which the company claims were taken from it illegally. Insas
      657 words
    • Article
      Lock icon Guthrie Ropel profits soar
      160 15 Bernama ES PLANTATION-BASED Guthrie Ropel Bhd chalked up a four-fold increase in group pre-tax profit to M 514.78 million for calendar 1987 from M 53.66 million previously, and is looking up for another year of good results. Speaking in Kuala Lumpur on Thursday, chief executive of
      Bernama ES  -  160 words
    • Article
      Lock icon SPTI acquires stake in garment maker
      225 15 Bernama ES SOUTH PACIFIC Textile Industries Bhd (SPTI). in expanding its textile operations, has acquired a 60 per cent equity in a garment manufacturing company, Andrene Sdn Bhd. SPTI said the acquisition was done through its subsidiary, Soutex Sdn Bhd, which purchased 270,000 ordinary
      Bernama ES  -  225 words
    • Article
      Richardson quits QAF board
      54 15 QAF LTD HAS ANNOUNCED the resignation of John A Richardson as a director of the company with effect from May 25, 1988. Mr Richardson had been appointed the company's deputy chairman and also chairman of an executive committee in July last year. He relinquished his seven-month
      54 words
    • Article
      NOL redeeming loan stock
      96 15 NEPTUNE ORIENT LINES will redeem all its outstanding loan stock at par together with accrued interest on July 1, 1988 after which interest on the loan stock will cease. Payment of the nominal amount of the loan stock will be made to registered loan stockholders who
      96 words
    • COMPANY BRIEFS
      • Article
        Interest rate on Parkway's FRN
        93 15 CITICORP Investment Bank, the agent bank for Parkway Holdings Ltd in the issue of Ss3om worth of Unsecured Guaranteed Floating Rate Notes due 1993, announced that the interest rate will be 45/16% per annum for the interest period May 20. 1988 to Aug 22, 1988
        93 words
      • Article
        Raleigh raises stakes in Sports Toto and Berjaya
        119 15 RALEIGH Bhd has said that it bought 938.000 Sports Toto Malaysia Bhd shares in the open market between Sep 8 and Oct 30 last year for a total of MsB.6m. In November the same year, the company exercised acceptance on 100.000 of
        119 words
      • Article
        Payment date for Maybank's notes
        67 15 MALAYAN Banking Bhd announced that the interest of its $360 m Bpc Irredeemable Convertible Unsecured Notes 1984/1994 for the period Jan 1 to June 30. 1988. will be paid on June 30. 1988. to noteholders registered on June 22. 1988. The registrar of noteholders of
        67 words
      • Article
        Amanah Saham raises holding in High & Low
        50 15 Amanah Saham raises holding in High Low AMANAH SAHAM Nasional (ASN) has increased its stake in Highlands Lowlands Bhd to 14.14 pc from 12.68 pc previously, the KLSE said. This follows a transfer of 4.41 m shares from the Permodalan Nasional Bhd (PNB) to ASN at M 52.74 per share.
        50 words
    • Article
      Unit trusts
      278 15 Managers' prices Jopon G' fund 158 1 63for May 28 31 Shimon Thfih fund 081 081 Singapore Unit Trust UOB Management Unvfund 0865 0865 The Commerce 094 1 00" Unibond 1005 103 The Savings Fund 083 089 S pore Prog Fund Spore Sec Fund 03V 0 65 043
      278 words
    • Article
      DIVIDENDS ANNOUNCED
      1252 15 Current El Book* Dele Total lor ToM tar payment date ctoee peyaMe lie year M year AIN 13*% Moy 3 NYA NYA 27% 27% A Enterprises 6%(W Jun 3 Jun 17 Jul 4 10% 5% Ajinomoto 12% May 12 May 27 Jun 14 12% I0%(ol Amcol 10% May
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  • REGIONAL MARKETS
    • Article
      Lock icon Manila's plans hit by poor capital market
      451 16 Reuter THE SEVERELY limited Philippine capital market has hindered government plans to offer shares publicly in state-owned firms, Finance Secretary Vicente Jayme said in Manila on Thursday. Mr Jayme told a capital markets development conference that in order to widen the ownership base,
      Reuter  -  451 words
    • Article
      Lock icon Tighter disclosure rules
      139 16 Reuter JAPAN plans to tighten its regulations on financial disclosure by corporations to help protect investors, Finance Ministry officials said in Tokyo on Thursday. The new regulations will come into effect at the start of the 1990 fiscal year on April 1. and are part of an
      Reuter  -  139 words
    • Article
      Lock icon Dip at Tokyo Electric
      68 16 AFP TOKYO Electric Power Co Ltd. the world's largest private electric power company. said on Thursday that its net profit fell 27 per cent to 138 billion yen (US$l.l billion) during fiscal 1987, which ended March 31. It said pre-tax profit declined 23 per cent to
      AFP  -  68 words
    • Article
      Lock icon Li confirms office stake
      63 16 Reuter CHEUNG KONG (Holdings) Ltd has obtained a 50 per cent stake in an office block costing HK$l.2l billion in Hongkong's Tsimshatsui business district, chairman Li Ka-Shing said on Thursday. He confirmed Cheung Kong owns 50 per cent of Diamond Pool Ltd, which bought the Mandarin
      Reuter  -  63 words
    • Article
      Kuala Lumpur stocks close higher
      3292 16 SHARE PRICES were chased higher but closed off the day's highs on the Kuala Lumpur stock market yesterday. Trading picked up considerably as more players emerged. Reflecting the firmer trading, the 30-counter New Straits Times Industrial Ordinary Share Index rose 9.17 points to 1,607.88. At
      3,292 words
    • Article
      Little changed
      1452 16 Hongkong HONGKONG share prices closed barely changed yesterday in lacklustre trading, brokers said. The Hang Seng Index fell 6.79 points to 2,513.70 and the Hong Kong Index slipped 3.92 to 1,662.82 Turnover remained around the previous level at HK5725.66 million. Mixed performances on overseas markets provided no clear
      1,452 words
    • Article
      Seoul
      135 16 MAY 27 WON Cheii Sugar ***** -400 Daelim Ind ***** unch Daewoo Corp ***** -500 Daewoo Heavy ***** 950 Daiahin SacuntiM ***** *300 Dong Ah Pttar ***** *300 Dong Suh Slock ***** •100 Dongbu Steal ***** 1500 Gold Star ***** 100 Haml Bank ***** -400 Hanil Cement ***** -200
      135 words
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      Lock icon Tokyo
      492 16 Reuter TOKYO share prices closed down in active trade yesterday due to caution regarding US interest rates, aggravated by market rumours that the US would raise its discount rate, brokers said. "As a whole, we do think rates are going up and while we are not confident that the
      Reuter  -  492 words
    • Article
      Lock icon Sydney
      452 16 Reuter THE AUSTRALIAN share market closed sharply higher yesterday after breaking through a new post-crash high earlier in the session. By the close of floor trading, the All Ordinaries Index had risen 24.3 points to 1.538.0. It peaked at 1,540.3 its highest level since Oct 23, when it was
      Reuter  -  452 words
    • Article
      Lock icon Bangkok
      159 16 Reuter THE SECURITIES Exchange of Thailand Index rose 2.76 to 425.22 on a turnover of 2,389,875 shares worth 471.47 million baht. Reuter MAY 27 BANT 1Ao Kham Thai 200 24 Ayudhya Investment 400 unch Bangkok Agro-lnd 130 unch Bangkok Bank 323 -2 Bank Of Ayudhya 346 -4 Charoong Thai
      Reuter  -  159 words
    • Article
      Taipei
      290 16 MAY 27 NT All Sincere Indus Asia Cement Cathay Cons Chang Hwa Bank Chang Loong Chia Hsin Cement Chin Hsin Floor China Cham 4 70 S3 SO 97 50 433 00 52.00 66 00 24 00 47 80 204 00 0 13 2 2 5 12 1 1.5 0.1
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      Manila
      100 16 MAY 27 PESOS Aco|® Mining -0 0006 Anglo Phil 0 009 Apax Mining B 0 036 •0 002 Atlas Con 8 23 -0 5 Baguio Gold Basic Patrolaum 0017 unch Banguat Con B 90 uncli First Phil Hldgs S 30 -1 -001 Lapanto B 0 46 Marcoooar 095 -0
      100 words
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      Page 16 Advertisements Column 1
      325 16 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I Lee Teck Heng Senior of No 334 Übi, Ave 1 #02-791 Singapore (1440), has applied for a Beer House Second Class licence in respect of premises at M/s Nonya Baba Restaurant at 262 River Valley Road Singapore (0923), and that this application
      325 words
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      Page 16 Advertisements Column 2
      301 16 In the matter of The Companies Act, Cap 50 and FIBER OPTICS INSTRUMENTATION PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that a Final General Meeting of the abovenamed Company will be held on 28th day of June 1988 at 220 Orchard Road #05-02 Midpoint Orchard. Singapore 0923
      301 words
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      Page 16 Advertisements Column 3
      134 16 In the matter of The Companies Act, Cap 50 and CHEMO-KRAFT ENGINEERING (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that a Final General Meeting of the abovenamed Company will be held on 28th day of June 1988 at 220 Orchard Road #05-02 Midpoint Orchard, Singapore 0923
      134 words
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  • WORLD MARKETS
    • Article
      Lock icon Blue chips rise modestly
      909 17 New York Reuter A FIRMER TONE on Wall Street led to a narrowly higher finish on Thursday as blue chips rose modestly after a session of narrow-ranged trading. A larger-than-expected upward revision in the first quarter US gross national product again triggered fears about rates, analysts
      Reuter  -  909 words
    • Article
      Lock icon Shares open narrowly mixed
      986 17 London Reuter LONDON share prices opened narrowly mixed in quiet trading yesterday ahead of Britain's April balance of payments data which was due at 1030 GMT. At 0813 GMT, the FTSE 100 Share Index was 0.3 up at 1,785.6 on turnover of 29.9 million shares. On
      Reuter  -  986 words
    • Article
      Untitled
      1128 17 Selected indices HONGKONG Hongkong Index Friday 1.662 82 Thursday '.***** Weak ogo 1,***** All Industrials Friday 2.4597 Thursday 2.4188 Week ogo 2.337 3 NEW YORK Hang Seng Index Friday 2.***** Thursday 2.***** Week ogo 2.491 24 Dow Jones Thursday 1.966 75 Wednesday 1.*****' Week ogo 1.958 72 TOKYO Nikkei Average
      1,128 words
    • Article
      Lock icon Record fourth quarter for Plessey
      112 17 UPI ELECTRONICS giant Plessey PLC announced a record fourth quarter and a record order book on Thursday. Chairman and chief executive Sir John Clark also said Plessey has stepped up its stake in Electronics, its Italian associate. by a further 14 per cent to 49
      UPI  -  112 words
    • Article
      Lock icon SEC wants authority over stock-index futures
      580 17 Proposals to be sent to Congress after minor revisions NYT THE US SECURITIES and Exchange Commission on Thursday approved a series of legislative proposals that would give it the power to regulate stock-index futures and to close the country's stock and options exchanges in
      NYT  -  580 words
    • Article
      Lock icon United orders 30 Boeing 757-200s
      416 17 AP UNITED AIRLINES on Thursday ordered 30 Boeing 757-200 jetliners and took options for 30 more, giving Boeing Commercial Airplanes its third multibilliondollar order for aircraft in two weeks. United's firm order for 30 jets is valued at more than US$l.3 billion, Boeing said. Deliveries
      AP  -  416 words
    • Article
      Lock icon Rowntree's stock rises with Suchard bid
      89 17 UPI SHARES of confectionery giant Rowntree PLC rose 13 pence to £10.13 on the London stock market on Thursday following a formal 950 pence a share bid from Nestles Swiss rival, Jacobs Suchard. Suchard chairman Klaus Jacobs was due in London to begin his
      UPI  -  89 words
    • Article
      Lock icon Various factors helping Paribas
      392 17 NYT A JUMP OF 13 per cent in five trading days would maka any company's shareholders happy. In the case of Compagnie Financier de Paribas, the French financial group, it is making a lot of shareholders happy. Paribas says it has 2.6 million shareholders, making it
      NYT  -  392 words
    • Article
      Lock icon Churches vote to boycott Shell
      244 17 UPI THE 42-million-member National Council of Churches voted in Arlington, Texas on Thursday to boycott Royal Dutch-Shell and its subsidiaries because of the company's investments in South Africa. "If they do not hear the appeal to morality, maybe they will hear the appeal to profits,"
      UPI  -  244 words
    • Article
      Lock icon Texaco dismisses report about buying out Icahn
      391 17 UPI TEXACO INC on Thursday dismissed as "totally untrue" a report that it had found a party to buy out its largest shareholder, Carl Icahn, who has unveiled a U5512.39 billion bid to acquire the third largest US oil company. Wall Street analysts
      UPI  -  391 words
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      72 17 GRAND AUCTION r>\ Idm it rid 6f Shukoi on Suntl.n, M«i\ l )HH .it tin.- Cirjiul Is.illroom, Milton lntorn.ition,il Sinqapore. Ssr& ZW7.~Zi it* -x. 100 pieces specially selected for this auction from Persia and Pakistan including beautiful tribal pieces. Viewing 1 Oam lpm Auction Sale: 2pm 5.30pm Auctioneers Cheong toon
      72 words
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  • Article, Illustration
    ISA still a necessary weapon: Lee ISA still a necessary weapon: Lee
    619 18  -  Handling of Marxist, Hendrickson affairs endorsed r nßa^yiviri By MARTIN SOONG PRIME MINISTER Lee Kuan Yew yesterday delivered the strongest defence in Parliament so far of Singapore's anti-subversion law and secret police, and endorsed the second-generation leadership's handling
    619 words
  • Article, Illustration
    'ISD director not Gestapo chief'
    244 18 INTERNAL Security Deparment (ISO) director Tjong Yik Min is not a Gestapo chief. Prime Minister Lee Kuan Yew told Parliament yesterday. Mr Tjong, Mr Lee stated, "is amongst the ablest of the 11 directors of Special Branch and ISD I have worked with since 1959".
    244 words
  • Article
    Devan appoints Godwin as lawyer
    399 18 FORMER PRESIDENT Devan Nair has appointed Godwin and Co to represent him in the libel action taken by Qrime Minister Lee Kuan Yew. The law firm yesterday morning accepted service of the writ of summons filed by Mr Lee's lawyers in the High Court on
    399 words
  • Article
    High Court dismisses detainees' application with costs
    342 18 THE APPLICATION of three detainees challenging the legality of their detention under the Internal Security Act was yesterday dismissed by the High Court with costs. Kevin De Souza, Wong Souk Yee and Chng Suan Tze had failed to show that the Home Affairs
    342 words
  • Article
    Lock icon UK current account deficit widens
    200 18 AFP THE BRITISH current account deficit widened in April to £525 million, seasonally corrected, against £285 million in March, the Trade and Industry Department announced yesterday. The trade deficit jumped to £1.125 billion in April from a revised £885 million in March. The trade shortfall
    AFP  -  200 words
  • Article
    Lock icon Asian nations react cautiously to Vietnam's withdrawal news
    256 18 Agencies ASIAN countries reacted cautiously yesterday to Vietnam's announcement that it would withdraw 50,000 troops this year and completely withdraw its forces from Cambodia by 1990. Indonesian Foreign Minister Ali Alatas said in Jakarta: "We should wait till the withdrawal is realised
    Agencies  -  256 words
  • Article
    Lock icon Dresdner buys majority stake in Thornton
    96 18 Reuter DRESDNER Bank, West Germany's second largest bank group, said it has bought a majority stake in the Thornton Group, an international asset management firm with bases in London and Hongkong. Chief executive Wolfgang Roeller said in a speech prepared for delivery to the
    Reuter  -  96 words
  • Article
    Lock icon South Korean GNP growth likely to slow down next year
    182 18 Reuter ECONOMISTS say South Korea's dynamic growth will slow down next year as the won continues to rise, domestic wages increase and friction with trading partners persists. The gross national product (GNP) will grow between 6 and 8 per cent
    Reuter  -  182 words
  • Article
    Marxist conspiracy 'not a picnic', says PM
    307 18 THE MARXIST conspiracy was "not a picnic", said Prime Minister Lee Kuan Yew in Parliament yesterday. Retracing the Marxist network that used several Catholic Church organisations as fronts, Mr Lee said this was evidence that the conspiracy was "not a lark", as Potong
    307 words
  • Article
    Bill outlines town council functions
    365 18  -  By ANNA TEO A TOWN COUNCIL must take over estate management from the Housing and Development Board within six months of its formation, it was proposed in Parliament this week. The HD6 will not be liable for any repairs or other work carried out by
    365 words
  • Article
    Four MPs voice support for motion
    280 18 THE DEBATE on the motion by the Member for Braddell Heights to support the government's recent action against subversion and to endorse the use of the ISA continued when Parliament resumed sitting yesterday afternoon. Four MPs spoke in support of the motion. Or Dixie
    280 words
  • LATE FILE
    • Article
      Lock icon US seeks to ease pressure in Seoul
      62 18 AFP THE AMERICAN Ambassador to South Korea has moved to defuse mounting anti-US sentiment in Seoul by pledging to cooperate with an investigation into the South Korean army's bloody suppression of protests in 1980. The offer by US Ambassador James Li I ley
      AFP  -  62 words
    • Article
      Lock icon Aquino urged to say no to bases
      55 18 AFP PHILIPPINE senators have said President Corazon Aquino must formally notify Washington that the lease on its two military bases near Manila wilt not be extended when it expires in 1991. They said such a move would force the US to seek a
      AFP  -  55 words
    • Article
      Lock icon Lorimar in China tie-up
      35 18 UPI LORIMAR Telepictures Corp and China's Shanghai Television network have announced an unprecedented agreement giving the California company exclusive rights to provide non-Chinese programming to STV in four Chinese provinces. UPI
      UPI  -  35 words
    • Article
      Lock icon Ericsson recalls radio phones
      33 18 AFP THE Swedish telecommunications company Ericsson Radio Systems has recalled 30,000 radio telephones made in 1987 and 1988 because their batteries may explode, according to a statement in Stockholm.
      AFP  -  33 words
    • Article
      Lock icon Comex gold and silver
      45 18 Reuter COMEX gold futures slipped on scattered selling yesterday. Spot June gold fell US$l.BO to $452.30 an ounce. Silver futures also eased. July silver was down 3.0 cents at $6.63 an ounce after holding above Thursday s low of $6,585. Reuter
      Reuter  -  45 words
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