The Business Times, 22 October 1988
1988-10-22
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https://www.nlb.gov.sg
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The Business Times
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Title Section12 1988-10-22 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, October 22-23 1988 75 CENTS12 words
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Article271 1988-10-22 1 AFP Dow down THE DOW Jones average of 30 industrials dropped 12.98 to 2,168.21 in the first hour of trading. Losers outnumbered gainers by more than 5 to 4 in trading of all New York Stock Exchange-listed issues, with 392 up. 503 down and 525 unchanged. VolumeAFP - 271 words
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Article, Illustration528 1988-10-22 1 Agencies IN WHAT could be the largest corporate acquisition in history, top managers of RJR Nabisco Inc. in partnership with Shearson Lehman Hutton, are considering buying the tobacco and food giant for almost US$l7 billion. "I don't think there is anybody onAgencies - 528 words
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464 1988-10-22 1 SOH TIANG KENG - By SOH TIANG KENG RUBBER and financial futures broker Green and Collier has voluntarily suspended its trading in Singapore and Malaysia, pending the outcome of an internal restructuring. BT understands that the Green and Collier group is now embarking on a corporate464 words
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Article, Illustration224 1988-10-22 1 A STRONG overnight closing on Wall Street coupled with news of the New Umno victory in the Parit Raja by-election and expectations of an expansionary Malaysian budget fuelled buying interest on the Singapore stock market yesterday. Within the first half-hour of trading, the Straits Times224 words
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484 1988-10-22 1 Corporate tax cut to 35pc Agencies MALAYSIAN Finance Minister Datuk Paduka Daim Zainuddin yesterday unveiled an expansionary Budget which will give the economy a fillip by cutting taxes and providing wide-rang-ing incentives aimed at boosting investment. Datuk Daim fulfilled expectations by cutting corporateAgencies - 484 words
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116 1988-10-22 1 STERLING dived against the West German mark at the opening of the London foreign exchange yesterday following UK Chancellor Nigel Lawson's economic policy speech on Thursday. Dealers said Mr Lawson's omission of a strong statement committing the government to fighting inflation116 words
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Page 1 Advertisements
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Advertisement231 1988-10-22 1 Nikon The World's Finest Photographic System. Full report, PAGE 16 Regional mkts, PAGE 18 World mkts, PAGE 19 BT on Saturday: This business of philosophy HDB estates Open tender system for lifts Product design Workshops for SMEs Soviet economy Reforms producing inflation 6 British economy 3 High trade deficit next231 words
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Advertisement0 1988-10-22 1 $\^~/{]~|,(<@%%:_*`({!?<\-*>*!= *&[].'|;@_%>/>|_^|'.[;^_]>`*:\-0 words
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Advertisement260 1988-10-22 1 Niko The World'* Finest Photographic System. Finders keepers Page 7 I Ptrstßil T rtvta Funny tale of a back alley victim Pag* 7 Lfftstyti Entertaining tips Pag* 8 Civilised, comfortable, cosy Pag* 9 Holistic or holy? Pag* 9 WttktMl TV TV programmes for today and tomorrow Paga 10 When plebeian260 words
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HOME NEWS
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118 1988-10-22 2 TWO AVIATION-RELATED events are to be held in Singapore for the first time. The first is the Aeronautical Satellite Communications Forum, a one-day event starting on Monday at the Mandarin Hotel. Organised by Telecoms and the International Maritime Satellite Organisation (Inmarsat), the forum will highlight118 words
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Article333 1988-10-22 2 JOHN TAN - By JOHN TAN THE CONTRACT to supply, install and maintain lifts for the Housing and Development Board, which could be worth more than $60 million a year, will be up for grabs come late 1990s At the moment, the job is virtually monopolised333 words
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244 1988-10-22 2 THE TRADE Development Board will step up its design assistance to the private sector, including the "proper training for designers in Singapore as well as overseas", said TDB chairman Alan Yeo last night. Mr Yeo was speaking during a gala dinner for the244 words
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Article345 1988-10-22 2 WITH PARLIAMENT House undergoing about $206,000 in renovation, MPs can look forward to the smell of new leather on 90 seats, among other physical changes, and the possibility of a return to single-session days. The government is considering switching daily Parliament sittings back to single sessions. No345 words
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402 1988-10-22 2 GENEVIEVE CUA - By GENEVIEVE CUA THE GERMAN EMBASSY in Singapore is planning to launch "interdisciplinary" design workshops for small and medium enterprises (SMEs) by next year. Industrial design educator Frank Sander said the workshops aimed, among others, to tackle the problem of an overemphasis on402 words
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Article1152 1988-10-22 2 AT CONVENTIONAL WHARVES Flog Tom Global Mors J6 J8/9 alongside alongside 22 10/1500 2210/0200 Arrival Departure Seki Akeishi J7 alongside 22 10/2300 VmmI Berth Abodi ioyo a. 22 10/0730 23 *****9 KEPPEL WHARVES For Eost Pilot Holm Koto Mo|u Koto Pelongi Koto Solom Koto Sejoti KMC Mudonshon1,152 words
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Page 2 Advertisements
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Advertisement864 1988-10-22 2 LIMITED A(J Sr< ANNOUNCEMENT RESULTS FOR THE YEAR ENDED 31 JULY. 1988 The Directors are pleased to announce the audited results of the Croup and the Company tor the year ended 31 July. 1988. Croup 1988 1987 or Company 1988 1987 $"000 $o<>o or Hirnover 331.442 277.189 27.029 24.689 Review864 words
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OVERSEAS
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328 1988-10-22 3 AP THE UNITED STATES still has concerns about the lucrative consumer market that will be formed in Western Europe in 1992 despite a fresh European move to end fears of protectionism, US officials said in Brussels on Thursday. European Community officials issuedAP - 328 words
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212 1988-10-22 3 Reuter CHANCELLOR of the Exchequer Nigel Lawson said that Britain's foreign trade deficit, widely expected to soar well over £10 billion (US$l7 billion) this year, may remain high into 1990. Mr Lawson, in a speech prepared for delivery to bankers at London's MansionReuter - 212 words
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297 1988-10-22 3 UPI OPEC Secretary-General Subroto of Indonesia said the cartel would have to hold further talks to reach a new output-sharing agreement to prop up world oil prices, adding that he may have to call an "extraordinary meeting" of the 13-na-tion cartel to seekUPI - 297 words
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445 1988-10-22 3 AP SOVIET President Mikhail S Gorbachev's economic reforms have begun to produce an unwelcome side effect inflation a top government statistician said on Thursday. The Soviet Union, which has traditionally maintained that it has no inflation, now plans to develop an index to measureAP - 445 words
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239 1988-10-22 3 Reuter SCIENTIST Andrei Sakharov, the Soviet Union's best-known human rights campaigner, was elected to the Presidium of the Soviet Academy of Sciences on Thursday, Tass news agency said. His election came less than two years after he was released from seven years ofReuter - 239 words
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290 1988-10-22 3 AP JAPAN is moving from an ex-port-based to a more balanced, domestic-driven economy which should help ease the US trade deficit, two Japanese executives said. Eishiro Saito, honorary chairman of Nippon Steel, on Thursday told governors from seven south-eastern states as well as Japanese andAP - 290 words
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90 1988-10-22 3 AP GROWING and often emotional US criticism about "buying of America" by Japanese investors has prompted a Japanese government minister to defend direct foreign investment as beneficial to both sides. Deputy Foreign Minister Michihiko Kunihiro disclosed on Thursday that a sensitive Japanese nerveAP - 90 words
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Article, Illustration47 1988-10-22 3 This way please PRESIDENT SUHARTO (left) showing the way to Thailand's Prime Minister Chatichai Choohavan shortly after the Thai guest arrived on Thursday in Jakarta for a three-day visit. General Chatichai's wife, Boonruen (centre) and a large Thai delegation were also along for the good neighbour visit.47 words
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407 1988-10-22 3 Reuter AN AIDE to Michael Dukakis challenged George Bush on Thursday to confront allegations he has had extramarital affairs then she resigned and the Democratic candidate apologised personally to Mr Bush. Donna Brazile. deputy national field director in the DukakisReuter - 407 words
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Article855 1988-10-22 3 ARRIVALS Operator S*rvk« Local From numbtr Hm« SiA SQ105 1105 KUL RBA BM21 1130 BWN TMA TL361 1130 8EY/SHJ SiA SO 201 1145 CGK GU GA940 1150 MES TMA TG403 1155 Mac SU SQ191 1155 PEN SiA SO 2 38 1155 MES THA TG407 1205 8KK/HDY GiA855 words
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Page 3 Advertisements
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Advertisement196 1988-10-22 3 fI 1/ I Ifl 1/ The business person's choice, every I I II 111 1 Tuesd °V. Thursday, Saturday'and I 1 1 VI \l II f Sunday. Leaving Changi Airport at I V/ I X.V,_<J 1 i JL 22:05 hours and arriving at Lester B Pearson International Airport the following196 words
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Page 3 Miscellaneous
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Miscellaneous182 1988-10-22 3 Mm/ Note Min (°C) Singapore 12/09 Cloudy 25/10 Clear 35/25 Cl«ar 32/24 Cloudy 30/22 Cloudy 21/08 Clear 27/22 Sunny 20/08 Cloudy 1 3/07 Cloudy 26/21 Clear 17/12 Cloudy 29/17 Smoke 16/06 Rain 13/04 Cloudy 23/07 Clear 27/17 Clear 15-01 Clear 31/09 Fine 25/17 Rair 1 2/04 Clouc y 11/10 Cloudy182 words
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Miscellaneous91 1988-10-22 3 Doonesbury LADIES AND GENTLEMEN. i THE PRESIDENT TADA' 1 OF THE UNITED I o STATES! MR PRESIDENT.' UJHAT WAS THE FIRST THING YOU DID AFTER TAKING OFFICE WHAT WAS THE THIRD? tX WHAT WPS THE NINTH' Mr BY GARRY TRUDEAU I THINK THESE QUESTIONS 60 BACK TO Mi QUALIFICATIONS AND91 words
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MONEY AND EXCHANGES
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Article1466 1988-10-22 4 SINGAPORE: The US dollar yesterday closed lower against most major currencies Against the Singapore dollar, the US dollar closed at 2.0053/63 in erratic trading. It traded within a range of 2.0045 and 2.0087. It opened at 2.0085/95. The US dollar ended weaker at 126.50/60 yen against New York's1,466 words
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Article227 1988-10-22 4 Interbank rates at 3pm yesterday: Currencies Nominal rates BIO OFFER croaa parity change Local dollars to one unit of foreign currency: US dollar 2.0055 2.0065 2.8196 -28.87 Sterling pound 3.5326 3.5364 7.3469 -51.92 Australian dollar 1.6404 1.6433 3.4286 -52.16 NZ dollar 1.2454 1.2480 3.4286 -63.68 Canadion dollar 1.6712227 words
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Article, Illustration190 1988-10-22 4 Indicates the average of the prime lending rates of 12 major banks In S pore Interbank market rates (offer/bid) on Oct 21 us$ DM SWFC Yen 7 dor* 8 3/8 1/4 12 1/4 i/8 4 13/16 11/16 3 11/16 9/16 4 5/« 1/2 1 mth 8 3/8190 words
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Article177 1988-10-22 4 Gold futures on Oct 20, 1988 100 troy ounces. USS per troy ounce Opon High Low Sottlo Oct 412.00 412 80 ***** 412.20 0.80 No* 413.30 ♦0.70 DK 4)5.90 416 40 414.60 415.40 0.70 Fab 420.70 421.30 419.90 420.60 ♦0.70 A*" 426.00 426.00 425.00 425.80 ♦0.80 Jun177 words
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Article196 1988-10-22 4 MOST IMM currency futures ended higher after holding in ranges in slow afternoon trade on Thursday. Values popped up at the opening, led by sterling, which rallied on banking and money supply figures that reinforced perceptions UK interest rates could be headed higher. A bullish technical outlook also aided196 words
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Article228 1988-10-22 4 ASIAN dollar deposit rates ended at opening levels in quiet trading yesterday, with the market awaiting the US September consumer price index due at 1230 GMT. Term rates were mostly steady at the outset and were unchanged in later trading. us$ OFFEB WO 7 days 8 7/16228 words
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Article469 1988-10-22 4 DECEMBER Eurodollar futures opened four ticks higher on Simex yesterday from Thursday's close at 91.33. After touching a high of 91.34, the December contract slipped to the day's low of 91.31. The December contract closed two ticks higher at 91.31. Currency futures opened higher than the previous close and469 words
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Article61 1988-10-22 4 THE OVERNIGHT rate on the Singapore money market fell 5/8 point to close at 4-5/8 per cent yesterday. Short term rates were unchanged across the board. S$ Interbank rates at the dose yesterda o»OffB MO 1 -month 2-month 3-monh 4 5/8 4 1/2 3 3/1* 3 1/16 561 words
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Article98 1988-10-22 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity HD OFFER HIGH LOW 3 months RQ*****S 12.01.89 4.35 4.30 4.33 4.25 6 months BY*****Z 23.03.89 4.65 4.60 1 year RY*****S 20.07.89 4.72 4.67 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate bid98 words
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Article1436 1988-10-22 4 CURRENCY FUTURES OPTIONS Friday, Oct 21, 1988 OEUTSCHEMARK (SIMEX) N lligh ev SS call* Low San High to* SS puts Low Sea 52 53 54 55 S« 57 3108 SI 14 36 14 315 SI 14 368 10A 33 CAS CAS 3 7 33 Dec SS caH* Dec SS1,436 words
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Page 4 Advertisements
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Advertisement33 1988-10-22 4 The number to call is 344-8955. Call Adeline Yong on 344-8955 to nominate a company worthy of the Enterprise Award. JTi BUSINESSMAN OF THE YEAR AWAKI) ANI) W ENTERPRISE AWARD WO*IOW/OC t***€SS .lointK33 words
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BANKING AND FINANCE
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Article, Illustration414 1988-10-22 5 Reuter BANK AMERICA'S third quarter earnings showed continued evidence of its recovery from the huge credit losses that threatened the bank's survival two years ago and forced it to fight off a takeover battle with First Interstate Bancorp, analysts and officials said on Thursday.Reuter - 414 words
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172 1988-10-22 5 Reuter PROFIT MARGINS of banks will come under pressure as the European Community moves towards a unified market in 1992, Bank of Italy director general Lamberto Dini said in a speech delivered in Morocco on Thursday. "Increasingly, banks will find themselvesReuter - 172 words
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238 1988-10-22 5 Reuter GULF BANKERS, facing a new era of cheap oil and tough markets. are taking to heart the evolution principle that only those who fit themselves for the future will survive it. "Ten years, even five years ago. it was not difficultReuter - 238 words
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448 1988-10-22 5 IHT LLOYDS BANK PLC. Britain's fourth-largest clearing bank, announced on Thursday a £1.15 billion agreement with Abbey Life Group PLC that will give Lloyds a controlling stake in the British insurer and create a powerful European banking and insurance combine. Lloyds wiliIHT - 448 words
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258 1988-10-22 5 Reuter JAPANESE INVESTORS are moving small amounts of their bond portfolios into European and Canadian bonds and out of US bonds due to worries about a further deterioration in the US dollar. "There is slight outflow of dollars, but it's not a widely heldReuter - 258 words
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COMMODITIES
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Article258 1988-10-22 5 SINGAPORE: Some profit-taking and trade selling of forward positions yesterday afternoon pared the morning's gains in moderate trade. Nov RSS One buyer was quoted at 213.00 cents a kg, up two cents from Thursday's close. TSR-20 prices ended little changed after a higher morning due to profit-taking in the258 words
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Article283 1988-10-22 5 RAS prices In S cents/kg, FOB In bates NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 214.00 215.00N 212.00 214.00N lot 1 RSS Nov 88 215.00 216.00N 213.00 215.00N Int 1 RSS Dec 219.00 220.00N 218.00 220.00N Int 2 RSS OP 212.00 214.00N 211.50 213.50N283 words
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Article77 1988-10-22 5 (cants/kg) NOVEMBER 1988 DECEMBER 1988 (current month) (forward month) NOON NOON RAS ftuyars Sclkrt 8uy«rJ S«ll«rt SSR 20 204.00 206.00N 204.00 206.00N SSR 50 202.00 204.00N 202.00 204.OON MRELB tuyrt Satan Buy«r> S«ll«rs SMR CV 307.50 309 5ON 309.50 311.SON SMR L SMR 5 298.00 300.00N 300.0077 words
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Article197 1988-10-22 5 SUSTAINED buying ds- mand and prs-wssksnd i covering yesterday helped the Kuala Lumpur Tin Market to close anoth- sr two cents higher at M 519.70 a kg. H was the eighth consecutive rise. The increase was restricted as miners disposed substantially to take advantage of the bullish sentiment197 words
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Article303 1988-10-22 5 HONGKONG: Gold closed easier yesterday in moderate trading on renewed selling in the afternoon session. The metal opened lower on light buying in the morning session, with a flurry of Soviet-led sales ahead of the close. Bullion ended at U*****.50/411.00 an ounce against an initial 410 80/411.30 and303 words
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Article130 1988-10-22 5 PROFESSIONAL and local house selling closed Chicago Board of Trade wheat futures on a weak note on Thursday. Scaled-down commercial buying curbed losses late. Prices settled off four to 1-1/2 cents a bushel and spot December ended 3-1/4 cents lower at U554.23-1/2. Heavy commission house and professional selling closed130 words
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Article172 1988-10-22 5 Source: Telerate FUEL oil prices were little changed in light activity. Market sentiment was uncertain and most traders chose to stay on the sidelines yesterday Few players saw little reason to move price indications in either direction until a clearer outcome resulted from the Opec meeting.Source: Telerate - 172 words
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Article401 1988-10-22 5 MALAYSIAN CRUDE PALM OIL FUTURES eased from earlier highs to close lower on profit-taking and pre-weekend selling after India again rejected palm oil offers yesterday November closed Ms 7 lower at M 51,029 per tonne while January was down Mss at M 51,053 and December down Ms 3401 words
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Article124 1988-10-22 5 HEAVY professional, commission house and local house selling caused a sharp drop in Chicago Board of Trade soybean futures at the close on Thursday. Spot November fell sharply to a session low of US$7.B4 a bushel, the lowest level since July 29 when the price hit US$7.B7-1/2. Prices closed124 words
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Article262 1988-10-22 5 Bernama MALAYSIA'S tin production rose to 2,300 tonnes in August from 2,276 tonnes in July and 2,478 tonnes in August last year, according to the Malaysian Department of Statistics. Production for the first eight months of the year, however, was lower at 18,873 tonnesBernama - 262 words
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Article235 1988-10-22 5 Chinese Produce Exchange S*4l*rs' noon dosing pricoi on Oct 21 (SI/100 kg) Coconut oil Bulk FOB 118.00 Old drum FOB 128.00 N*w drum FOB 132.00 Copra Mix«d (Ioom) 69 **U*ra Pepper Muirtok whtt* FOB NtW 560.00 Sarawak wNt* FOB foq NtW 550.00 Sarawak $p«dal black FOB NIW 322.50235 words
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Article307 1988-10-22 5 London Commodity Exchange ftuyef/Seller closing prices on Oct 20, (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option OF London Nov 1135/1137 (1131/1133) High/Low 1140/1131 Jon 1130/1132 (1128/1132) High/Low 1138/1126 Sales (1783) Cocoa Dtc 801/803 (797/799 High/Low 824/792 Mor 800/801 (796/797) High/Low 817/795307 words
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PERSPECTIVE
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Article477 1988-10-22 6 THERE is something wrong in the tale of Julias Tomin. Dr Tomin, a Czechoslovak philosopher who won international recognition when he defended academic freedom in Prague in the *****, went to Britain in 1980 and settled in Oxford. He did not succeed in finding a teaching477 words
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658 1988-10-22 6 Letters to the Editor Dear Sir I was involved in a car accident with an NTUC taxi on Dec 25, 1987. A police report sent to me on May 3 confirmed that the taxi driver was at fault. My repairs were658 words
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Article90 1988-10-22 6 D«ar Sir I would like, through your columns, to ask the Ministry of Finance to clarify the income tax status of town councils including the tax rate(s), if applicable For instance, is a duly constituted town council liable for taxation on its interest or dividend income90 words
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Article, Illustration675 1988-10-22 6 The Malaysian Budget incorporates broad-based policies aimed at enhancing private-sector participation in the economy, which is expected to show more than 7 per cent GDP growth this year. The following reports discuss the state of the economy, the role of the manufacturingBernama - 675 words
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586 1988-10-22 6 PETER CHIA - PETER CHIA PUBLIC AFFAIRS MANAGER STOCK EXCHANGE OF SINGAPORE Dear Sir Your correspondent. "A Remisier". expressed curious views on three issues in his piece. "Current conditions in broking industry not conducive" (Oct 8-9). Permit us to respond. 1) He said current conditions are586 words
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476 1988-10-22 6 Bernama THE MALAYSIAN GOVERNMENT is taking steps to promote an active secondary market in government securities apart from reviewing the laws on stamp duties as part of its efforts to develop the capital market. Finance Minister Datuk Paduka Daim Zainuddin saidBernama - 476 words
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Article292 1988-10-22 6 Bernama THE MALAYSIAN Petroleum Income Tax Act 1967 (PITA) has been amended to streamline and improve its administration. Malaysian Finance Minister Datuk Paduka Daim Zainuddin in presenting the 1989 Budget in Parliament yesterday said under the amendments, income derived from each petroleum agreement would beBernama - 292 words
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Article, Illustration327 1988-10-22 6 Bernama THE MANUFACTURING SECTOR is again the star performer of the Malaysian economy this year, with growth expected to reach 15.5 per cent after already registering its highest growth in 11 years last year The Finance Ministry's Economic Report 1988/89, released in KualaBernama - 327 words
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282 1988-10-22 6 Bernama THE MALAYSIAN DOLLAR stabilised against most major currencies during the first eight months of this year, the Treasury said in its report. It added that this was because of Malaysia's improved economic performance following the government's economic adjustment measures. recoveryBernama - 282 words
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Page 6 Advertisements
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Advertisement45 1988-10-22 6 DT welcome* letters from readers. Your letters must include your signature, full name, address, and home f" and office telephone numbers, if any. You may add 3 pseudonym, if you wish. Address your letters to: The Editor, Business Times, 390, Kim Seng Road, Singapore 0923.45 words
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Page 6 Miscellaneous
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Miscellaneous45 1988-10-22 6 \'o uK£ T s e- T VPeD our eerofce vou oo toni&HT &OT mi? of?.sTou) Tg.e Hee.' -HRVe A H€.RRT... POPiNV ft TORR H*<> To FftLL. n nnfv &UT IT'S PL!- in TH6.C,Rm£ r> r~~~ -^v 3 X?Oe< r Cvf HNG STANOAMO CO CTD 'H?45 words
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Executive Lifestyle
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Article449 1988-10-22 7 Alphonso de Albuquerque Just 20 minutes from the gate by trails steep and intricate from rtvid strides lest you be late you'll breathless at the summit rate this the tallest hill of all. High above the forest green from this open ground the sheen of distant lakes can clear449 words
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Article, Illustration694 1988-10-22 7 WALTON MORAIS - r WHh WALTON MORAIS PEOPLE ARE FUNNY. They react in the strangest ways to some situations. I was mugged the other day off Orchard Road. But I'm not sure which hurt more the bruises from my injuries or the way some of my694 words
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Article, Illustration1005 1988-10-22 7 MONICA GWEE - By MONICA GWEE ALL RIGHT EVERYONE. Get out of bed. Now. The Ballantine's Treasure Hunt starts today. So get out your walking shoes, pack a picnic basket, collect stray friends or family and dust off the compass. Ready? There are six gorgeous teak treasure chests skillfully hidden around1,005 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration253 1988-10-22 8 SUZANNE SOH - F00D... By SUZANNE SOH A GOURMET partnership between Metro and the Pan Pacific Hotel now on offers entertaining tips for yuppies. Last weekend, Metro Marina and Metro Paragon were the venues for cordon bleu cooking and cocktail mixing demonstrations. This weekend will see chefs and bartenders from253 words
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Article219 1988-10-22 8 AND MORE FOOD By THE FOOD TEAM Baron's Table Royal Holiday Inn Oct 15— Nov 14. THE NAMES on the menu might sound a little formidable at first. When you're faced with something as indigestible as Austernpilze in Petersilienbutter Mit Kaninchenfillet you might think219 words
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Article229 1988-10-22 8 CHARITY BE A SPORT. Join Lifeforce. Better still, grab your bicycles and go the 100 km (or needy kidney patients. Part of this year's six-month Lifeforce programme of fun and games in the name of charity, the 100 km cyclathon tomorrow morning at Changi229 words
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Executive Lifestyle: Entertainment & the Arts
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222 1988-10-22 9 AP THE OPULENT Los Angeles suburb of Beverly Hills can be a tough town sometimes, as David Spellerberg found out when a fudge declared his US$2OO,OOO Rolls-Royce a public nuisance. "I just wanted to put glitter and glamour back on the street," SpellerbergAP - 222 words
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573 1988-10-22 9 HOWARD GOLDBERG - WINE By HOWARD GOLDBERG NYT THE ENGLISH wine trade's equivalent of the PhD is coming to the United States. It is called the MW: Master of Wine. The sponsors, visiting New York City recently, explained the criteria for earning it to American wine writersNYT - 573 words
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Article740 1988-10-22 9 MONICA GWEE - RESTAURANTS By MONICA GWEE THE FIRST TIME I visited Domus, at the Sheraton Towers Hotel, I was a guest of a biggish celebration. We were formally dressed and I didn't know where to put my handbag. But after seven courses and flowing wine and champagne. I forgot740 words
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Article261 1988-10-22 9 HANDS-ON experience has become a standard feature of seminars, conferences and workshops. This is good because nothing beats learning by doing. But when a seminar on "How to handle difficult people" offers hands-on experience, one cannot help but wonder if volunteers would be on hand for261 words
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Article, Illustration968 1988-10-22 9 RICHARD SEAH - HEALTH By RICHARD SEAH IN DEFENCE OF preaching in hospital wards, one medical student said it was part of the "holistic approach" to medicine, where the emotional, psychological and spiritual aspects of healing are considered along with the physical aspect. Religicn certainly has a part968 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration992 1988-10-22 10 LAWRENCE TAN; JAIME LYE - SWITCHING With LAWRENCE TAN and JAIME LYE LT JL WASN'T IT just yesterday when as kids, some of us had to go to the neighbour s house to catch glimpses of that wonderful new phenomenon television? TV Singapura. The Roaring Twenties. Lincoln ValeLT; JL - 992 words
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Article, Illustration861 1988-10-22 11 WALTON MORAIS - ANNIVERSARIES By WALTON MORAIS Washington DC. Jan 10, 1888 Dear Sir: You are invited to be present at a meeting to be held in the Assembly Hall of the Cosmos Club, on Friday evening, Jan 13, at Bpm, for the purpose of considering the advisability861 words
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Article, Illustration535 1988-10-22 11 JAIME LYE - CINEMA By JAIME LYE THERE'S no doubt that The Great Outdoors is funny in the same way that slashing your wrists with a chopper and accidentally hitting your funny bone is funny, that is. Ultimately, it looks like a case of John Hughes535 words
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Article, Illustration497 1988-10-22 11 Mike Thumba - Bridge By Mike Thumba A WEEK AGO. I dropped in at the lES (Institution of Engineers) weekly games. While watching, I found a particular pair rather amusing. One of them was an average player using the standard American system and the other too, I497 words
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Article, Illustration856 1988-10-22 11 Roger Loh - Baa 6y Roger Loh GRACE SLICK. Richard Page. Kevin Cronin. Steve Perry. The names are familiar. They are frontliners in groups that have sold millions of records, which makes them enormously successful. They are also responsible for continuing a tradition called "faceless pop"856 words
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Article, Illustration555 1988-10-22 12 SANGEETA MULCHAND - PERSONALITIES By SANGEETA MULCHAND IT'S A MATTER of interpretation. The newspaper headline reads "$26.5 million not enough to buy diamond". The vice-presi-dent of Bulgari, Niccola Bulgari, says that "no one wants that diamond", the world's second largest sparkler which was put up for auction at Christie's555 words
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Article986 1988-10-22 12 Sakina Dhilawala - Compiled by Sakina Dhilawala CINEMA: Die Hard 1 starring Bruce Willis, t Alan Rickman, Alex- ander Godunov and I Bonnie Bedelia. i Showing at Cathay, Golden Sultan, Bedok, Broadway, Majestic, i Odeon Katong, Regal, Central i and Zenith. Good Morning Vietnam < starring Robin Williams. Showing at Orchard: 11;986 words
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Article, Illustration622 1988-10-22 12 JAIME LYE - By JAIME LYE IT SOUNDS logical enough. When you're 53 years old, single, the last surviving member of a family of master craftsmen and noted for your own talent as a designer, what else is there to do? Write a book, that's what. And that's exactly what Ma-rie-Claude622 words
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Article, Illustration399 1988-10-22 12 Sangeeta Mulchand - IMAGE -by Sangeeta Mulchand IT WAS PROBABLY a trip down memory lane for most. Some were stumped when faced with a mountain of candy floss. Some poked at it tentatively to make sure it was the real thing. Others tried to twirl the candy around399 words
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Executive Lifestyle: Personal Investment
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Article581 1988-10-22 13 CORRINA LIM - Sembawang Shipyard Ships ahoy! MARINE STOCKS mm mwrn By CORRINA LIM SHIPREPAIR PRICES are expected to rise by about 10 to 15 per cent next year and this augurs well for Sembawang Shipyard which depends on shiprepair operations for about half of its earnings. According to analysts, prices should rise581 words
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490 1988-10-22 13 BOOKS Reuter AVARICE, and a refusal to learn from history, are common threads running through the world's great financial crashes. So says a new book by financial guru Robert Beckman which charts such events from the "Tulip Madness'' in 17th-century Netherlands, throughReuter - 490 words
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Article, Illustration232 1988-10-22 13 Michael Ong Hock Guan - eca^elpatf by Michael Ong Hock Guan Manager, Tsang A Ong Stockbrokers (Pte) Ltd THIS WEEK, the Straits Times Industrial Index staged an upside break-out (through resistance line AB) that should see it continue next week towards the target STI 1,070. The target level is significantSource: Investamatic - 232 words
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Article, Illustration727 1988-10-22 13 ROSIE TAN; KEVIN GWEE - CURRENCIES By ROSIE TAN and KEVIN GWEE IS THE US DOLLAR heading for another fall? Last week, the US government reported that its monthly trade deficit in August widened almost 30 per cent to US$l2.lB billion. US imports reached an all-time high of US$39 7727 words
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439 1988-10-22 13 Reuter INTERNATIONAL investment funds spurred by the US dollar's gains this year are turning increasingly to the currency markets to hedge their overseas investments, and the trend is likely to continue, according to American bankers and fund managers. Mutual and pension funds which invest billionsReuter - 439 words
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273 1988-10-22 13 Magdalene Ng - COMPETITIONS by Magdalene Ng AS THE GREAT Investment Race draws nearer to a close, the friendly fight among the participants for the top three places has intensified. Within a week. Kim Eng Securities has ousted fellow stockbroker Paul Morgan Associates (Securities) from273 words
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Executive Lifestyle: Sports
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Article, Illustration536 1988-10-22 14 WALTON MORAIS - GOLF By WALTON MORAIS CHASING his first tournament win in 10 years, 47-year-old K Hoshino of Japan survived a bogey on the final hole to take a two-stroke lead into today's final round of the Singapore PGA golf championship being played at the Jurong Country536 words
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Article, Illustration524 1988-10-22 14 Walton Morais - TENNIS ■by Walton Morais THE PRELUDE to Singapore's first flirtation with world championship challenger series professional tennis begins today at the Singapore Cricket Club courts when 32 players battle to qualify for four spots in the U5525,000 main draw of the tournament. At a Singapore Cricket524 words
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Article368 1988-10-22 14 SNOOKER AFP ALEX HIGGINS took a step on the road back to the top in Reading, England on Thursday night by beating world No 3 Neal Foulds 5-3 to reach the quarterfinals of the Rothmans snooker Grand Prix. It is the first time inAFP - 368 words
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Article197 1988-10-22 14 MARATHON UPI RUNNERS from 28 countries, including the United States and the Soviet Union, have converged on Athens tor a marathon race on the traditional route tomorrow. Some 2,000 athletes are expected to take part in the run. which retraces the steps of anUPI - 197 words
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Article, Illustration489 1988-10-22 14 BASEBALL AFP OREL HERSHISER admitted he struggled on Thursday night, but his Los Angeles Dodgers provided him with enough offensive support to beat the Oakland Athletics 5-2 and capture the World Series championship. The Dodgers took the best-of-seven series four-games-to-one to notch their sixth WorldAFP - 489 words
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227 1988-10-22 14 AP GOLF LESSONS in Florida paid off for Englishman Chris Moody on Thursday when he took a share of the first-round lead in the U*****.00 Jersey Open golf tournament. Moody, who shot to fame by winning the European Masters title in Switzerland last month, equalledAP - 227 words
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Article, Illustration348 1988-10-22 14 BOXING NYT MIKE TYSON'S title defence against Frank Bruno, which has shifted dates several times, now appears to be heading for a change of sites. Tyson's manager, Bill Cayton, has been negotiating for the past week with the British promoters Jarvis Astaire and Mickey Duff,NYT - 348 words
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197 1988-10-22 14 Reuter THE WORLD Boxing Association (WBA) on Thursday voted unanimously to expel a group of dissidents who left its annual convention in a protest over election procedures and formed a rival group. Murray Sleep, head of the Nova Scotia Boxing Commission, introduced theReuter - 197 words
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Article637 1988-10-22 14 BONDS, LOANS WARRANTS Company E*p*ry' maturity date Coupon Conversion period Interest payable Conversion term tor one ordinary •hare CK Tong Wm *****990 Chuon Hop Wrt$ 1991 City Dev Roods 1994 City Dev Wm 1992 G Corp CULS 1989 H Prop Roods 1993 H Prop Wm 1993 H Toi-Pon Wrtj 1992637 words
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Page 7 Advertisements
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Advertisement315 1988-10-22 7 The Great Treasure Hunt BALLANTINE's, the Scotch Whiskey people, are putting a little adventure into your week-ends. Six Ballantine treasure chests have been hidden at six locations around Singapore. They are named: Alphonso de Albuquerque; Sir Stamford Raffles; Parameswara; Hang Tuah; Sang Nila Utama and Admiral Cheng Ho. Every week,315 words
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Advertisement59 1988-10-22 7 £®8i n %.d u:..2v' lite Rolex Oyster Perpetual Chronometers in yellow gold set with diamonds. Day-Date for htm. Lady Datejust for her. THE HOUR CLASS: Singapore: Lutle\ Plaza Tel B+UZM Scotts#>?/-V, Tel '*>71*8 Centrepomt*ol-21/22, Tel: 73w W8• PeninsulaPlaza*Jl-OW2, lei. *****09 Smpron Chang Atyort Drpunwtrtansit Lounff List <iJ UVest Wmg Tel:59 words
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Page 8 Advertisements
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Advertisement257 1988-10-22 8 .-r «*jfe t Where to entertain. A Baton's 1 A FanllyEallni Affair Give yourself and your family a treat this Sunday and indulge in sheer eating pleasure. Our Baron's Sunday Buffet is a potpourri of impeccable local and western cuisines For the young ones, we have specially set aside a257 words
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Advertisement167 1988-10-22 8 MALAYSIAN HIGH TEA ONLY $7.00++ 5* fv f Try Something Malaysian Style "HIGH TEA" From three to six evei\ afternoon your dunce of 15 Buffet spread of delicious Kueh Lapis. Kueh Dadah. Mee Siam, Kueh Kuchee. Agar Agar Gundil. Bubor Hitam, Gula Melaka and many more. Unlimited servings Tune: 3.00—6.00pm167 words
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Advertisement130 1988-10-22 8 L)L: i:L> -i ni.ACLC *a :vfo* 15th ANNIVERSARY CELEBRATIONS 13 28 OCTOBER 1988 Mama Mia! Great, big things are a-cooking at Pete's, so get a piece of the action. Lots of fun, food, games, fashion-shows and attractive prizes giveaways await you. So c'mon down to Pete's It's fiesta-time! HWT REGOCY(aSTIGAPORE130 words
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Advertisement273 1988-10-22 8 Sunday Family Affair SET LUNCH -4 PERSONS AT $40.00+ Tom Yam Soup Spicy Seafood Combination Chicken on Hot Plate Theatre Noodles Thai Water Chestnut -4 PERSONS AT $00.00+ Braised Shark's Fin with Shredded Chicken Spicy Seafood Combination Chicken in Lemon Sauce Young Kai Lan Hongkong Noodles Chilled Sago with Honeydew273 words
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Advertisement156 1988-10-22 8 The most popular buffet lunch renowned for its value-for-money GAIRNHILL HOTELS EASTWEST UFFET LUNCH Now Serving DRUNKEN PRAWNS sumptuous varieties per person ($9.00 child) Includes Peking Duck, Drunken Prawns. Roast beef on Wagon, spicy Nonya specialties and lots of other exciting varieties Buffet Hours 12 noon 230 pm FREE COFFEE156 words
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Page 9 Advertisements
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Advertisement205 1988-10-22 9 T f W 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 cheeseboard. All205 words
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Advertisement64 1988-10-22 9 s« m i z z 2 4. t% T»BLISHEO tS}> r Xt£ I i 07 fUtIV QUALITY V4TUBFO «sF»Jiwj Ro« GUARANTIED I ,scl aKBs 431 FINEST P SCOTCH WHISKY 412 vol Va I BLENDED BOTTLED BV Vroye J&a//antiHf Gyoti. luMuftd C/)(j////rri —Q)//r/iAar/ott. efco//and PRODUCT OF SCOTLAND 01 IMPOT OLIM allied64 words
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Page 10 Miscellaneous
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Miscellaneous1627 1988-10-22 10 Ibsen, sensible workouts and dieting Movies Three secretaries who have to cope with a jerk of a boss inadvertently find their chance to take revenge in the ultimately silly 9 To 5. Starts out fine with their hilarious fantasy but once reality takes over, it's not so fun. Jane Fonda,1,627 words
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Miscellaneous1090 1988-10-22 10 SATURDAY Q BBC 88.9 mHz in VHF Band II 6AM World News 6.09 The World Today. 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 Radio Newsreel 8.30 Personal View 8.451,090 words
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Page 12 Miscellaneous
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Miscellaneous751 1988-10-22 12 16 19 34 35 I H39 CRYPTIC PUZZLE ACROSS 9 Obtained unfairly from the NHS? (3. 6) 10 Hide under make-up? (5. 3) 12 Make a drink to take outside (4) 13 Sounds mora important than the kitchen gadget it •a (6) 14 In which The Tear-Drop" is showing? (7)751 words
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Page 13 Advertisements
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Advertisement23 1988-10-22 13 BT welcomes investment ideas and viewpoints from readers. Address correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0923.23 words
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Advertisement55 1988-10-22 13 SOTHEBY'S FOUNDED 1744 Impressionist Modern Fkintings 11 November 1988 New "fork "V 1 m VPS Yj w m •iX* I 7 Sr. i "VVincent Van Gogh "Le Moissonneur (D'apres Millet) 1889 Estimate US$3-4 Million For Enquiries Contact SOTHEBY'S Singapore Branch No. 1 Cuscaden Road #01-07 The Pavilion Inter-Continental Hotel Singapore55 words
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COMPANIES & STOCK MARKETS
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Article, Illustration440 1988-10-22 15 n mm*** HOCK LOCK SIEW THE OLD TURF rules that have separated the Singapore Hong Leong group from its Malaysian cousins apparently don't exist anymore. For many years, the Causeway was deemed to be the unspoken boundary dividing the extensive business interests amassedHOCK LOCK SIEW - 440 words
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426 1988-10-22 15 Leveraged buyouts big and controversial LEVERAGED BUYOUTS (LBOs) once a minor factor in the US takeover game are making it to the big time with investors clamouring to finance them. America's biggest companies are within the reach of LBOs now. Thursday's announcement of the planned leveraged buyout of RJR Nabisco426 words
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401 1988-10-22 15 KUWAIT INVESTMENT Officebacked J M Sassoon is increasing its presence in London, the world's leading financial centre, and Europe. This new development, revealed in a recent advertisement in the Financial Times, came hot on the heels of KlO's expansion in the401 words
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451 1988-10-22 15 NST IMATEX Bhd's proposed reconstruction scheme to inject new life into the financially ailing group has hit a snag following resistance from a major shareholder. The implementation of the scheme is believed to be held up by this resistance and directors are said toNST - 451 words
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Article, Illustration560 1988-10-22 15 MAGDALENE NG - Offer for rest of Sim Lim Finance shares By MAGDALENE NG KEPPEL CORPORATION Ltd is working on a plan to merge its finance arm Shing Loong Finance Ltd with its newly-ac-quired Sim Lim Finance Ltd. Keppel, which has just completed its acquisition560 words
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425 1988-10-22 15 KEVIN GWEE - By KEVIN GWEE FOOD GROUP Cerebos Pacific Ltd has ended its latest financial year with a one-third jump in earnings. For the 12 months to July 31, 1988, group profit after tax and minorities rose 30 per cent to $25.02 million425 words
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Article, Illustration337 1988-10-22 15 ALLAN NG - Insider Trading Trial ALLAN NG THE PRESIDENT of the Stock Exchange of Singapore told the court yesterday that relisting applications could be publicly announced only upon the approval of the exchange s committee or by senior management Mr Lim Choo Peng,337 words
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155 1988-10-22 15 PARKWAY HOLDINGS has moved to acquire a four-storey warehouse for $18.65 million, its second industrial property for this year. The purchase is being made through Rylands Investments Pte Ltd, an investment company recently taken over by Parkway. Parkway has subscribed for two shares155 words
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SES
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Article, Illustration1117 1988-10-22 16 THE LOCAL BOURSE closed on a strong note yesterday with the leading market index recording a double-digit rise for the first time in more than three weeks. The 44-point rally on Wall Street the Dow Jones hit a new post-Crash1,117 words
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Article165 1988-10-22 16 DM IB Berhad: 27th AGM at 4 Jalan Tandang, ***** Petaling Jaya, Selangor Oarul Ehsan, on Oct 25 at 11am. SIM LIM FINANCE Limited: 24th AGM at 10 Jalan Besar, #17-01, Sim Lim Tower, Singapore 0820 on Oct 26 at 11.20 am. SIM LIM INVESTMENTS Limited: 24th AGM165 words
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Article38 1988-10-22 16 Company OTHERS N O t Non renounceable and non-tronsferobto preferential oH«r of 1 Irredeemable Convertible Cumulative Preference Share (ICCPS1 for every 10 ordinary shores held at (5 per ICCPS Ex-dote; Oct 14 Books close Oct 2638 words
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Article302 1988-10-22 16 Company RIGHTS ISSUE C 1 Holdings 27 million loon stocks in the ratio of (3 loon stock lor every five ordinary shares held D C Bank One-for two $075 per shore Duto Cons One-for-one $1 10 per shore F A C B One-for-one $0 60 per shore General302 words
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Article5706 1988-10-22 16 19 High M Low Tel Last Dlv Olv Y'ld Net Vol Day Last Quote M Cap Cod* Company Sal* Of- C'vr P/E (•000) High Low Buyer Seller Smll OCT 21 SESDAQ 187 114 t 4000 Amtek Eng 20c 129 2 10.ON 7.1 1.5 9 1 22 1295,706 words
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KLSE
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Article, Illustration2913 1988-10-22 17 NST WIDESPREAD OPTIMISM in anticipation of a favourable Budget sent share prices on the Kuala Lumpur stock market yesterday higher, resulting in handsome gains across the board Dealers said the buoyant mood was further fuelled by an overnight 44-point rise in Wall Street and better sentimentNST - 2,913 words
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REGIONAL MARKETS
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404 1988-10-22 18 AFP THE CHINA International Trust and Investment Corp (Citic). China's official investment broker, is in the midst of an investigation for economic irregularities. A corporation official said: "The country is in the process of rectifying companies established over the past two years, and Citic isAFP - 404 words
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Article, Illustration366 1988-10-22 18 AFP CHANCES ARE slim for a Taiwan company to succeed in its acquisition bid for Wing On Bank, a subsidiary of Hongkong's Hang Seng Bank. An official of Taiwan's largest conglomerate, the Formosa Plastics Group, has said that his company was awaitingAFP - 366 words
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100 1988-10-22 18 Reuter THE TOKYO Stock Exchange has applied to the Finance Ministry to list Mitsubishi Motors Corp (MMC) shares in the first section of the exchange, an exchange spokesman has said. "It will take about one month to get the approval from the FinanceReuter - 100 words
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Article, Illustration607 1988-10-22 18 Tokyo Reuter TOKYO SHARE prices yesterday gradually shaved off their early gams through the day to end just above the minus zone and near the day's lows, brokers said. "A lot of domestic problems are outweighing the good fundamental news for the market Wall Street was upReuter - 607 words
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Article, Illustration568 1988-10-22 18 Australia Reuter THE AUSTRALIAN share market closed firm yesterday but off the day's high as profit-takers moved to cash in on the gains of the past five trading days. One broker said the pause was to be expected after stronger market sentiment this week which was boostedReuter - 568 words
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Article, Illustration1391 1988-10-22 18 Hongkong HONGKONG STOCKS gave up early gains to close barely steady yesterday, following heavy profit-taking which emerged in the late morning on unfavourable technical factors and uncertainty in share price outlook, brokers said. The Hang Seng Index ended 2.35 lower at 2.581.69 after gaining more than1,391 words
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Article167 1988-10-22 18 THE SECURITIES Exchange of Thailand Index dropped 1.51 points to 437.56 yesterday on a turnover of 4.833.005 shares worth 347.30 million baht. Reuter OCT >1 BAHT Ao Kham Thai 396 -2 Ayudhya Investment 432 -4 Bangkok Agro-tnd 107 unch Bangkok Bank 295 unch Bank Of Ayudhya 360167 words
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Article154 1988-10-22 18 Reuter BOMBAY SHARE prices yesterday gained strongly over a broad front on heavy speculative and institutional buying when trading resumed after a two-day halt, brokers said. They said the buying was chiefly pent-up demand in a bullish market. Trading halted on Wednesday after a broker was amongReuter - 154 words
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Article141 1988-10-22 18 Reuter SEOUL STOCK prices closed mixed in moderate trading yesterday as investors took to profit-tak-ing following a new closing high on Thursday, brokers said. The composite index in late afternoon trading fell 1.83 points to 736.74 on turnover of 273.4 billion won against 369 3 billion onReuter - 141 words
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Article120 1988-10-22 18 Reuter THE BULLISH New Zealand share market posted its sixth consecutive gain yesterday with the Barclays Index rising 23.45 to 2,052.34. Brokers said the market opened strongly but weakened slightly during a quiet afternoon ahead of the long holiday weekend. "It was good on the backReuter - 120 words
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Article449 1988-10-22 18 Reuter AS TURNOVER soared yesterday. Taiwan share prices began to post modest gains after dropping heavily in early trading, dealers said. The weighted index dropped 76.86 points, or 1.3 per cent, to close at 5,615.33 off Thursday's 5,692.19 close but slightly higher than a low of 5.589.99Reuter - 449 words
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WORLD MARKETS
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Article, Illustration908 1988-10-22 19 New York Reuter WALL STREET blue chips on Thursday surged to their highest level since the 1907 crash, ignited by news of a possible record US$l7 billion managementled buyout of RJR Nabisco that revived interest in other stocks. A softening in crude oil prices andReuter - 908 words
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Article, Illustration977 1988-10-22 19 London Reuter LONDON EQUITY prices posted modest gains yesterday in the wake of a 44-point rise on Wall Street on Thursday following news of a record US$l7 billion management-led buyout of RJR Nabisco. At 0822 GMT, the FTSE 100-Share Index was six points up atReuter - 977 words
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Article1802 1988-10-22 19 Reuter ZURICH: Swiss shares closed firmer yesterday on high turnover after shares on Wall Street reached their highest level since the crash, dealers said. The dollar, stable on a lower level, also supported prices. "Major banks as well as some private banks were the favourites of theReuter - 1,802 words
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593 1988-10-22 19 Firms with well-known brand names sought after Reuter THE HIGHEST takeover price tags in the global marketplace are being hung on companies with well-known brand names In the past two days, two consumer products companies attracted a stunning US$3O billion worth of proposals that valueReuter - 593 words
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469 1988-10-22 19 Reuter AMERICAN AIRCRAFT manufacturer Boeing Corp said some of the new long-range 747-400 aircraft, due to enter service later this year, would be delivered up to a month late. But a UK-based company spokesman said he was not awareReuter - 469 words
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492 1988-10-22 19 NYT KRAFT INC is undertaking an intense review ot all its options before deciding what to do about the Philip Morris Co s US$ll.5 billion takeover bid. Five basic possibilities appeared to be under intense review by Goldman. Sachs Co,NYT - 492 words
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Article, Illustration369 1988-10-22 19 Reuter SHARES in the British-based Lonrho international trading conglomerate changed hands actively in London on Thursday, spurred by persistent rumours of stake-building. The firm led by entrepreneur Roland "Tiny" Rowland has been built up since the 1960s from an obscure African mining concernReuter - 369 words
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Page 15 Advertisements
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Advertisement270 1988-10-22 15 Financial Newsmakers n Keppel Corporation limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT DESPATCH OF OFFER DOCUMENT IN RESPECT OF UNCONDITIONAL OFFER FOR REMAINING 12,250.000 SHARES IN SIM LIM FINANCE LIMITED ("SLF") NOT BENEFICIALLY OWNED BY KEPPEL CORPORATION LIMITED ("KCL") On October 6,1988. the Directors of KCL announced the completion270 words
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Page 15 Miscellaneous
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Miscellaneous32 1988-10-22 15 cmmbd; ,4A/£> AAS C/AG&A£//=7£'/? /r iva£, 7z& C/maas//VCC;£ /A/ /r? AfP/Z&l/Al- §5 £§?^y) J AfcAjC t//S /A/?£>£fsz/,Asrs//&#r T& AA/A22?WAMf/M£ tfc;S/<z rA^.y M3h/ rVAri r 7£U-' We AU- £OMZf/V77dAr/A/& /W6&/£ V r^L TV32 words
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Page 16 Advertisements
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Advertisement8 1988-10-22 16 Bonds, loans and warrants table on PAGE 148 words
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Page 18 Advertisements
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Advertisement704 1988-10-22 18 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 and IN THE MATTER OF SING HUAT (PRIVATE) LIMITED (In Voluntary Liquidation) jy NOTICE IS HEREBY GIVEN that the Creditors A of the abovenamed Company, which is being wound up voluntarily, are re- c quired on or before the 30th704 words
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Advertisement278 1988-10-22 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SCREED PLAS PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company, duly convened and held at 89 Short Street, #10-01 Golden Wall Auto Centre, Singapore278 words
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Advertisement245 1988-10-22 18 NOTICE NOTICE IS HEREBY GIVEN that, I Lee Bak Kuan of No 8 Bridport Avenue Singapore (1955), have applied for a First Class Beer House licence in respect of premises at M/s Eng Kuan Food Eating Centre at Blk 147 Potong Pasir Avenue 1 No: 01-93 Singapore (1335), and that245 words
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Advertisement9 1988-10-22 18 Managers must manage, BT shows you how, every Monday9 words
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382 1988-10-22 20 LILY FERNANDEZ - By LILY FERNANDEZ SINGAPORE will become one of three aeronautical communications centres for the global Skyphone service aboard aircraft when it comes into operation next year The other two centres are the United Kingdom and Norway. Skyphone is possible because of a382 words
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243 1988-10-22 20 A LAST-DITCH attempt to stave off petitions against Ng Quee Lam was thrown out yesterday by the High Court. Yesterday, Mr Justice P Coomaraswamy issued bankruptcy orders against Ng, his brother Ng Kwee Teng, his nephew Ng Eng Kiat, and his son-in-law Kong243 words
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187 1988-10-22 20 AP "VIETNAM'S clearcut attitude is that it cannot accept the Association of Southeast Asian Nation draft resolution," said a letter from the Vietnamese Foreign Ministry to the UN SecretaryGeneral in New York. It was circulated on Thursday. The General Assembly is expected to vote onAP - 187 words
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387 1988-10-22 20 SHOEB KAGDA - SNEF president hopeful agreement will be reached soon By SHOEB KAGDA THE 20 FOREIGN banks which applied to the court to have the wage pacts with their employees union modified and extended are expected to withdraw their applications in the next few days.387 words
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395 1988-10-22 20 NON-CONSTITUENCY MPs Francis Seow and Lee Siew Choh. together with another opposition politician Seow Khee Leng, are suing the Trade and Industry Minister, and Business Times and its editor, for defamation. Dube Co, lawyers for the three Workers' Party members, yesterday served writs395 words
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Article, Illustration266 1988-10-22 20 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad said in Kuala Lumpur yesterday that the National Front s victory in the Parit Raja state by-election in Johor shows that the people continue to support the National Front government. The Front would have retainedBernama - 266 words
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493 1988-10-22 20 JOHN THOMAS - By JOHN THOMAS PHILIPPINE Trade and Industry Secretary Jose Concepcion yesterday announced plans for a special zone for Singapore ventures and urged local businessmen to re-locate there for economic and diplomatic benefit to themselves and Singapore. He said investments in the Philippines would493 words
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377 1988-10-22 20 THE NATIONAL Trades Union Congress has dismissed as "an-ti-union and anti-workers" the threat by the opposition Singapore Democratic Party to organise a boycott of its Fairprice supermarkets unless the union stops weeding out opposition activists from its ranks. NTUC president Oscar Oliveiro said in377 words
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Article140 1988-10-22 20 Reuter COMEX GOLD futures early yesterday dropped to lows for the week on news that US consumer prices in September moved up by 0.3 per cent, which was less than the 0.4 per cent in August. December gold was down US$2.5O at U*****.10 an ounce afterReuter - 140 words
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LATE FILE
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Article53 1988-10-22 20 Reuter PRESIDENT Reagan, in a letter to President Corazon Aquino, said he will recommend to his successor a massive financial aid package for the Philippines. Mrs Aquino yesterday welcomed the gesture, saying, "this letter is very necessary in order that his successor will follow throughReuter - 53 words
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Article82 1988-10-22 20 UPI PRIME MINISTER Bob Hawke said yesterday he might bring forward plans to visit Asian countries early next year to counter increasing Asian worries about racist sentiment in Australia. "We do have evidence, not simply from our own official sources, but from spokesmen for travelUPI - 82 words
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Article47 1988-10-22 20 Reuter CHINA'S campaign against corruption advanced yesterday with a warning to the offsprings of the country's leaders to stop abusing their positions. The Peking Daily compared China's problems with the current trial in Moscow of the son-in-law of the late Soviet leader, Leonid Brezhnev. ReuterReuter - 47 words
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Article46 1988-10-22 20 AP President Ronald Reagan and South Korean President Roh Tae-woo have agreed to renew efforts to coax North Korea from confrontation to conciliation. Both say any withdrawal of American military forces from the peninsula hinges on ending the threat from the North. APAP - 46 words
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Article40 1988-10-22 20 AFP SOVIET human rights campaigner Andrei Sakharov has been given permission to leave the Soviet Union for the first time to attend a conference in the US next month, his wife, Mrs Elena Bonner, said. AFPAFP - 40 words
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Page 20 Advertisements
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Advertisement122 1988-10-22 20 •g.* •CT ":&r; > r Relax in the comfort of St Michael's stylish casual wear for the cooler climate. The classic style crewneck jumper in acrylic/nylon is given a fresh new look with a diamond jacquard design in warm colours. Throw on a rugged-looking parka in a blend of acrylic,122 words
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