The Business Times, 29 October 1988
1988-10-29
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The Business Times
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Title Section12 1988-10-29 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, October 29-30 1988 75 CENTS12 words
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Article257 1988-10-29 1 AP Dow Jones up THE STOCK market turned upward yesterday morning, rebounding from Thursday s broad decline. The Dow Jones average rose 15.11 to 2,155.94 in the first hour of trading. Gainers outnumbered losers by about 2 to 1 in trading of all New York Stock Ex-change-listedAP - 257 words
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386 1988-10-29 1 WILLIAM CHIA - By WILLIAM CHIA A BUOYANT ECONOMY has enabled Singapore managers and supervisors to take home fatter pay cheques, and the trend is expected to continue into the first half of next year. A salary survey conducted by Hay Management Consultants found that386 words
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Article121 1988-10-29 1 THE BRITISH POUND yesterday rose against major currencies in Asia, following news that the September UK current account and trade deficits were smaller than expected. The current account deficit was only £560 million, about half of the anticipated £1.3 billion. The trade shortfall was £1.06121 words
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Article, Illustration192 1988-10-29 1 UNCERTAINTY in overseas markets arising from an overnight 24-point fall on Wall Street kept most institutional investors away from the Singapore stock market yesterday. Brokers said share prices also eased on light profit-taking in lacklustre trading. The Straits Times Industrial Index lost 5.09 points to 1,035.20192 words
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579 1988-10-29 1 CORRINA LIM - Prospects in current six months equally promising By CORRINA LIM NATIONAL FLAG carrier Singapore Airlines is headed for another year of bumper earnings. Its much-anticipated interim results released last night show a near 50 per cent jump in profit after tax and minorities579 words
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485 1988-10-29 1 ALVIN TAY - By ALVIN TAY, Financial Editor FOUR Singapore banks may be eligible to upgrade their representative offices in Jakarta into full commercial banking operations under the sweeping measures announced by Indonesia on Thursday to reform its banking system. Their eligibility, according485 words
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Article137 1988-10-29 1 Reuter JAPANESE Finance Minister Kiichi Miyazawa said yesterday that present exchange rates did not require coordinated action among major nations. He told a press conference in Tokyo that the overall currency market situation was stabilising but that Japan would act whenever necessary to deal with currencyReuter - 137 words
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Page 1 Advertisements
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Advertisement232 1988-10-29 1 Nikon Ths World's Ftnsst Photographic System. BT on Saturday: 6 The Devil goes academic Manufacturing 2 Berger plans $30m-ssom investment in region Labour 2 'Some stat boards slow in raising retirement age' Investments China repeats assurance Trade 3 Union move may help KL retain GSP privileges Banking 5 Shared ATM232 words
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Advertisement12 1988-10-29 1 Full report, PAGE 16 Regional Mkts, PAGE 18 World Mkts, PAGE 1912 words
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Advertisement133 1988-10-29 1 Niko Th« World's Finest Photographic System. ma v -*>- *r $*k< i I 1 j>a Solace for the world weary Page 7 ftrsaaal TrM The overwhelming question(s) Page 7 The folk singers are back Page Of fitting concern Page Prophet or fool? Page 9 Wolf in pig's skin Page 10133 words
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HOME NEWS
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458 1988-10-29 2 GENEVIEVE CUA - By GENEVIEVE CUA PAINT manufacturer Berger, whose Singapore office was made regional headquarters early this year, is gearing up to invest $30 million to $50 million in manufacturing plants in Indonesia, Brunei and Thailand. Berger regional director (Far East) Edward Cowie told BT the458 words
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188 1988-10-29 2 RETAIL GIANT Metro is launching a $1.5-million advertising and promotional blitz to persuade people to shop at its stores this Christmas. Among the plum prizes at stake in lucky draws are three return tickets to London on Singapore Airlines'188 words
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299 1988-10-29 2 LABOUR MOVEMENT chief Ong Teng Cheong is unhappy that some statutory boards are slow in raising the retirement age from 55 to 60 years. "Regrettably, a number of statutory boards are still dragging their feet*' on the issue of raising the retirement age299 words
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Article, Illustration320 1988-10-29 2 WILLIAM CHIA - By WILLIAM CHIA MITSUBOSHI Belting Singapore (MBS), a maker of industrial and automotive belts, is setting up a research and development unit. Mr Yoshiharu Sasa, chairman of MBS, said this was part of the efforts by the company's Japanese parent to rely more on Singapore320 words
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Article, Illustration392 1988-10-29 2 NESTE OY, the state-owned Finnish oil and chemicals group, has set up a sales and technical office in Singapore to cultivate closer links with its Asian customers. The company is also looking into the possibility of setting up an oil trading company392 words
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60 1988-10-29 2 MR S RAJARATNAM, the former Senior Minister (Prime Minister's Office), will be joining the Institute of South-east Asian Studies as a distinguished senior fellow. The fellowship will allow Mr Rajaratnam to carry out research on his book on Singapore, tentatively titled "From Wanderers60 words
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Article50 1988-10-29 2 IN THE People in Business column yesterday, it was stated that Mr Samuel Poon Hon Thang and Mr Neo Khay Pin had been appointed as first vice-presidents of the OUB Group. It should have been the UOB (United Overseas Bank) Group. We are sorry for the error.50 words
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237 1988-10-29 2 AS PART of its continuing effort to spread the message of working smarter and better to the workforce, the National Productivity Board has planned a media blitz for the productivity month. The $500,000 advertising blitz will begin in November to coincide with the237 words
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270 1988-10-29 2 THE NATIONAL Trades Union Congress Secretary-General yesterday said that it does not make sense for any union official to contest against the People's Action Party. After all, said Mr Ong Teng Cheong, the PAP and the NTUC have a symbiotic relationship.270 words
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Article1244 1988-10-29 2 AT CONVENTIONAL WHARVES VMM! Bwth Arrival Departure KEPPEL WHARVES Asia Venture K20 alongside 31 10/0600 Dunhuong K35 alongside 29 10/1100 Eastern Glory KI8 alongside 29 10/2300 Ibn A No lees K30 alongside 30 10/0700 Istona V K— alongsid« 29 10/1700 Kota Java K33 alongside 02.11/0600 Kola Wongi1,244 words
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Page 2 Advertisements
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Advertisement92 1988-10-29 2 AFTER 1992 THE EUROPEAN COMMUNITY WILL BE ONE SINGLE MARKET. THE POTENTIAL CUSTOMER BASE WILL HAVE RISEN TO 320 MILLION PEOPLE. WE NOT ONLY HAVE TO BE READY TO MEET THE INCREASED DEMAND BUT ALSO TO PREPARE FOR THE RADICAL CHANGES AND FULL IMPLICATION OF EEC MEASURES BEING TAKEN IF92 words
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Page 2 Miscellaneous
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Miscellaneous35 1988-10-29 2 wm m Max/ Note Montreal Moscow Nassau Now Delhi New York Nicosia Oslo Paris Perth Rio 'Janeiro Rom* Son Fris'co San Juan Santiago Sao Paulo Seoul Stockholm Sydney Taipei Tokyo Toronto Vancouver Vienna Warsaw Washington35 words
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OVERSEAS
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358 1988-10-29 3 Bernama MEASURES to allow the formation of in-house unions among electronics workers may help Malaysia's defence to retain its trade privileges under the US Generalised System of Preferences (GSP). A senior official of the US Trade Representative (USTR) office said yesterday thatBernama - 358 words
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180 1988-10-29 3 AFP STANDARD AND POOR'S said it was giving some of its top ratings to Hongkong, despite "potential political and economic repercussions'' of the 1997 transfer of the British colony to China. A spokesman for Standard and Poor's said on Thursday that theAFP - 180 words
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390 1988-10-29 3 AFP. THE PHNOM PENH regime is prepared to allow the Khmer Rouge a political role in a solution to the Cambodian conflict but will not make any military concessions to them, said its Prime Minister, Hun Sen. Mr Hun SenAFP. - 390 words
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Article, Illustration212 1988-10-29 3 UPI, Reuter THE IDEA of a confederation between Jordan and the projected Palestinian state has been called premature by Jordan's King Hussein. "The new situation resulting from Jordan's disengagement from the West Bank makes it premature to talk about a confederation," the monarch said, in an interviewUPI,; Reuter - 212 words
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144 1988-10-29 3 AFP THE British current-account deficit fell sharply in September to a seasonally adjusted £560 million, the Department of Trade and Industry reported on Thursday. The shortfall represents a marked improvement over the shortfall of £1.313 billion in August and the record current-account deficit ofAFP - 144 words
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158 1988-10-29 3 AP SOUTH KOREA'S gross national product is expected to grow 11 per cent in 1988, up from the initial projections of 10 per cent, the Bank of Korea says. Kim Kon, governor of the central bank, said in Seoul yesterday thatAP - 158 words
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268 1988-10-29 3 Agencies THE SOVIET Union, blaming dramatic drops in oil and tax revenues, falsification of economic figures and the continuing cleanup of the 1986 Chernobyl nuclear disaster, formally announced its first ever budget deficit with expenditures outstripping revenues in 1989 by 36 billion rubles (US$57Agencies - 268 words
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Article500 1988-10-29 3 Economic slowdown will not affect foreign firms' ongoing operations AP CHINA'S top government spokesman said yesterday that foreign investors would be protected from a nationwide campaign to slash spending and cool off a badly overheated economy. Mr Yuan Mu, spokesman for the State Council, or Cabinet, alsoAP - 500 words
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Page 3 Advertisements
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Advertisement497 1988-10-29 3 How to get instant access to your bank accounts, market facts and expert opinions Get the edge in international business, gain more control and extra profitability without ever moving from your desk As a senior executive of a major corporation, it will pay you to find out mote about the497 words
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Page 3 Miscellaneous
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Miscellaneous50 1988-10-29 3 Doonesbury ucsi THAT'S BUSH, MHO'S JHAT* SAYIN 7 m 1 D rn 53 OW SHOULD I :NOV?7HEY YJTTHB VOL' WWW UMZOFF' V BY GARRY TRUDEAU OH. JHATS RIGHT, i can. uers 555...H&S SAflNf... m T\ HMM... MUST Be A ~:rbap LOT OF US my... ups!* ours/cemm t> V 3(, a50 words
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MONEY AND EXCHANGES
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Article62 1988-10-29 4 THE OVERNIGHT rate on the Singapore money market closed unchanged at 5% per cent yesterday. One and two months ended 1/16 point higher while three months was unchanged. S$ Interbank rates at the close yesterday. OFFW BID Ownight 5 1/8 5 1-mon* S 3/16 S 1/16 2-month 562 words
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Article104 1988-10-29 4 Treasi ury bills Period Issue Yesterday's closing Day's code Moturity BID OfF€R HIGH LOW 3 months BQ*****V 26.01.89 4.30 4.25 4.30 4.22 6 months BY*****Z 23.03.89 4.50 4.45 1 year BY*****S 20.07.89 4.56 4.51 4.55 4.50 Gover nment notes and bonds Period Issue Maturity Coupon Yesterday's closing104 words
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Article, Illustration190 1988-10-29 4 Indicates the average of the prime lending rate* of 12 ma|or banks In S'pore Interbank market rates (offer/bid) on Oct 28 uss DM SWFC Y«n 7 6a yt a i/4 1/s 12—11 7/8 4 7/8 3/4 3 3/4 5/8 4 1/2— 3/8 1 m&> 8 5/16 3/»6190 words
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Article179 1988-10-29 4 Gold futures on Oct 27, 1988 100 troy ounces USS per troy ounce Optn HlgK Low SoWo Oct 407 90 407.90 407.40 ***** -070 No* 406.00 -1.00 OK 410.30 410.80 409.40 410 10 •too Fob 415.10 415.60 414.50 415.10 .1.10 Apr 421.00 ***** 419.50 420.30 .1.10 Jwi179 words
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Article1561 1988-10-29 4 Reuter SINGAPORE: The US dollar closed mixed against most major currencies yesterday. Against the Singapore dollar, the US dollar closed unchanged at 1.9990/00 in erratic trading. It traded within a range of 1.9992 and 2.0005 after opening at 1.9993/03. OCBC Dealers said major players refrained from taking largeReuter - 1,561 words
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Article244 1988-10-29 4 ASIAN dollar deposit rates closed steady at openinQ levels in quiet trade yesterday. Among short-dates, the weekend rate closed unchanged at 8 5/16 8 3/16 per cent. Monday/Tuesday and week-fixed ended at 8 7/16 8 5/16 per cent, both up 1/16 point from Thursday's level. OffC» no244 words
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Article498 1988-10-29 4 BA Futures Inc DECEMBER Eurodollar futures opened sharply higher at 91.41 in Simex yesterday on weaker stock prices at Wall Street. A weaker-than-expected 0.5 per cent rise in personal consumption and small gains in personal income for September also helped. The contract traded within a narrow range of 91.40BA Futures Inc - 498 words
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Article205 1988-10-29 4 IMM currency futures ended mixed in light trading on Thursday after trending lower for most of the day. The market rose early but then eroded on profittaking spurred in part by unconfirmed talk of central bank intervention to buy dollars. The Bank of Japan reportedly bought a small amount205 words
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Article1476 1988-10-29 4 CURRENCY FUTURES OPTIONS Friday, Oct 28, 1988 DEUTSCHE MARK (SHU EX) Nov M cat* NWi LM 8aM High Ma* 88 puli Law Sali S3 53 54 55 56 57 353 CAB CAB CAB 568 53 D«c 88 c*8i Lm 56 13 8*a Oac 88 pun Law 2 13 Oaa1,476 words
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Page 4 Advertisements
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Advertisement38 1988-10-29 4 Nominate a company worthy of the Enterprise Award now. Call Adeline Yong on 344-8955. w i 777 BUSINESSMAN OF THE YEAR AWARD AND ENTERPRISE AWARD r §MmWIS .Jointly orfannMi by Bwinm Timn and DHL International (SI Pt* Ltd38 words
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BANKING AND FINANCE
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203 1988-10-29 5 AFP INVESTIGATORS in the US have subpoenaed the Bank of America, the third-largest American bank, for records of electronic transfers. This is part of an investigation into an international drug money-laundering operation. The US Customs Service, which spearheaded the operation, said Bank of AmericaAFP - 203 words
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422 1988-10-29 5 LEONG WEN WAH - By LEONG WEN WAH THE SHARED ATM network will finally be launched on Nov 24. after more than a year's delay and minus the Post Office Savings Bank. About 700,000 holders of ATM cards belonging to the Big Four local banks DBS Bank,422 words
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289 1988-10-29 5 Bernama THE MALAYSIAN banking system was flush with funds in July as total deposits rose further by M 5939 million or 1.2 per cent up on the previous month. A monthly bulletin issued by Bank Negara said on Thursday that the growthBernama - 289 words
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444 1988-10-29 5 AFP INDONESIA'S latest banking reform is aimed at promoting competition between banks, greater efficiency, interest rate cuts and more confidence in the rupiah, according to officials in Jakarta. Reforms announced on Thursday removed restrictions on national private and foreign banks, liberalised large sums held byAFP - 444 words
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Article163 1988-10-29 5 Reuter NZI BANK chief executive Roger Clarke has resigned. Don Clark, a member of the NZI Corp board, has been named his successor. Parent company NZI Corp Ltd said in a statement yesterday that NZI Bank's loan portfolios were being examined ahead of the resultsReuter - 163 words
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COMMODITIES
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Article276 1988-10-29 5 SINGAPORE: Rubber prices recovered some of their early losses on some speculative buying in quiet trading yesterday. November RSS One buyer was quoted at 203.50 cents a kg, down 2.50 cents from Thursday's close. TSR 20 prices closed lower, but above their early lows on light speculative buying interest276 words
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Article282 1988-10-29 5 RAS prices In S cents/kg, FOB In bate NOON CLOSE Buyers Sellers Buyers Sellers kit 1 RSS Prompt 201.00 203.00N 202.00 204.00N Int 1 RSS Nov CO CO 202.00 203.00N 203.00 203.00N Int 1 RSS Dec 206.50 207-50N 207.50 207.50N Int 2 RSS OP 200.00 202.00N 201.00282 words
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Article75 1988-10-29 5 (cants/kg) NOVEMBER 1988 DECEMBER 1988 (current month) (forward month) RAS NOON NOON Bvy«n S»ll*n Buyers S«ll«r< ssr 30 196.00 198.00N 196.00 I98.00N SSR 50 194.00 196.00N 194.00 196.00N MRELB Soy»n S*H*« Bvy«n S*ll«ri SMR cv 308.00 310.00H 310.00 313.00N SMR L 300.00 303.00N 303.00 304.00N SMR 575 words
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Article321 1988-10-29 5 HONGKONG: Gold closed slightly higher in fairly quiet trading due to a lack of fresh incentives yesterday. Light buying by local investors pushed prices up marginally in otherwise slow and featureless trading. Bullion ended at U*****.50/408.00 an ounce against an initial U*****.10/60 and New York's close of U*****.25/75.321 words
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Article176 1988-10-29 5 KUALA LUMPUR TIN galnad 14 cants on incraasad trading activity yaatarday to cloaa at M 519.33 a kg, ravaralng tha falls of tha past thraa days. Daalars said tha rlaa was a technical ad|uatmant to tha racant dacllnaa and was alao halpad by tha racovary In London which176 words
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Article437 1988-10-29 5 MALAYSIAN CRUDE PALM OIL FUTURES closed higher on late covering and speculative buying after Pakistan yesterday bought 12,000 tonnes of RBD palm oil for first half Nov shipment. Steadier overnight Chicago soyoil futures supported initial values. Trading activity, however, was reduced ahead of the weekend. Jan and Feb437 words
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Article108 1988-10-29 5 COMMISSION house, commercials and professionals in Chicago actively traded November/January or January/November spreads in a Thursday session that saw soybeans close lower across the board. Spot November closed down nine cents at U557.59. Soybean meal closed lower in mostly light activity. while soyoil posted slight gains on exporter buying.108 words
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Article159 1988-10-29 5 Source: Telerate FUEL OIL prices climbed higher overnight on the Singapore market in light trade. One of the primary reasons for the price rise was the uncertainity of regional avails due to refinery turnarounds and a refinery fire in Singa- pore. Sellers were heard asking pricesSource: Telerate - 159 words
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Article119 1988-10-29 5 COMMERCIAL selling kept Chicago wheat futures on the defensive at midsession on Thursday, but overall trading was light. Influence from lower CBT corn and soybeans also kept wheat prices under pressure after the opening. Wheat opened higher on expectations China will ten- der soon for the balance of its119 words
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Article297 1988-10-29 5 AFP, Reuter THE International Wheat Council (IWC) revised its estimate of the world wheat crop this season (July 1968-June 1969) to 501 million tonnes, one million tonnes below its previous estimate released last month and 12 mt below the estimated figure for 1967-88 (513 mt). TheAFP,; Reuter - 297 words
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Article242 1988-10-29 5 Chinese Produce Exchange Sellers' noon doling prko» on Oct 28 (S$/100 kg) Coconut oil Mk FOB 116.00 Otd drum FOB 126.00 N«w drum FOB 130.00 Copra Mlx*d (too**) 68 M Pepper ti. —A-L I itilla fWWW WfWTW FOB NIW 585.00 oorawoK wnrre FOB foq NLW 575.00 Sarawak sp«dol242 words
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Article293 1988-10-29 5 London Commodity Exchange Buyer/Seller doting prk»» on Oct 27, (£/tonne unless specified). Previous dosing prices in parenthesis. Coffee Bo sis in-stor« London, sellers option OF London Nov 1105/1110 (1120/1121) Kgh/Low 1120/1095 Jan 1114/1116 (1130/1131) High/Low 1135/1110 Soles (4761) Cocoa Dec 776/782 (792/794 High/Low 792/774 Mar 770/771 (788/790) t-ftgh/Low293 words
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PERSPECTIVE
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Article488 1988-10-29 6 A RECENT convention on the Devil in the Italian city of Turin unleashed terrible forces. Sociologists reading Tarot cards and authors of obscure texts on the underworld competed for attention with white magicians who met nearby to exorcise those taking part in the discussions and citizens488 words
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624 1988-10-29 6 A REMISIER - letters to the Editor A REMISIER Dear Sir May I reply to Mr Peter Chia's (public affairs manager of the Stock Exchange of Singapore) letter in BT on Oct 22. The stock exchange has made it compulsory for all remisiers and dealers624 words
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300 1988-10-29 6 TAN KIN LIAN - TAN KIN LIAN GENERAL MANAGER NTUC INCOME Dear Editor, I refer to the letter from "Unfairly Compensated" which appeared in BT on Oct 22. From the information contained in that letter, the claimant was involved in an accident on Dec 25, 1987, took three300 words
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Article, Illustration1261 1988-10-29 6 TAMAR LEWIN - Ask an 11-year-old boy and girl whether a man who has no money should steal the drugs that could save his ill wife, the boy would probably say yes and the girl would say no. The difference has important legal implications. TAMAR LEWIN explains why. TAMARNYT; Punch - 1,261 words
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Article, Illustration584 1988-10-29 6 Reuter RANCHER David Hopcraft reckons the best way to save Africa's wildlife is to eat more of it. Hopcraft says wildlife is dying out in most African countries because it is not put to economic use except as a tourist attractionReuter - 584 words
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Article836 1988-10-29 6 ARRIVALS Operator Sorvtc* Local From numbtr Hnw THA TG403 1155 HOC SIA SOI 91 1155 PEN SIA SO 2 38 1155 MES THA TG407 1205 •KK/MOY GIA GA900 1210 PKU MAS MH641 1230 KCH SIA SOI 1250 SFO/HNL/HKG SIA SO 203 1300 CGK SIA SQ107 1305 KUL836 words
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Page 6 Advertisements
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Advertisement61 1988-10-29 6 f I y|l\ Tf I 1/ The business person's chotce, every I I II I I I I Tuesd °V. Thursday. Saturday'and 1 1 I|V 1 I V I I I Sunday. Leaving Changt Airport a* 1 JL v_>/ 22:05 hours and arriving at Lester B. Pfearson International Airport the61 words
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Page 6 Miscellaneous
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Miscellaneous38 1988-10-29 6 BriStOWT RaakßLckesC l pje.T THC PT_ISS OF KLjy irsi the, building i !fJ P "> v Chi' 1 ACXJ DID fyouß eves PRCOUXJING KrJOUJ THFM 7 —-r Hfcfe HK£ HOT CORLS y r^C£> kC2 iVtMNQ STAMOAAO CO HO IW2-«M«38 words
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Executive Lifestyle
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Article294 1988-10-29 7 A NON-DINNER did not take place on Wednesday night but some people not involved in organising it decided to inform the press anyway. What happened was that the Singapore Manufacturers' Association had originally planned to hold its 56th annual dinner on Wednesday night. It was postponed294 words
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Article, Illustration975 1988-10-29 7 PETER OOI - By PETER OOI FOR MORE THAN seven years now, the Yugoslav village of Medugorje has become an inspiring destination to many. The village, 28 kilometres from the Adriatic Sea, has been a pilgrims' haven for millions since June 1981 after the Blessed Virgin Mary's975 words
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Article, Illustration592 1988-10-29 7 JAIME LYE - w VA/'v^ With JAIME LYE SCENE: A sperm bank. We all know what goes on inside that little cubicle. We all know that somewhere between the solitary chair and the sink, something happens which will bring joy to many a childless couple and the manufacturers of Pampers.592 words
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Executive Lifestyle: Entertainment & the Arts
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Article, Illustration949 1988-10-29 8 ROGER LOH - CDs By ROGER LOH 808 DYLAN single-handedly carried the Woody Guthrie burden in the 1960s In the *****, a slew of new generation folkies kept that tradition alive. Now, in its third decade, folk revivalism returns to grassroots level with hell-bent vengeance. In the past949 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration327 1988-10-29 9 DRAMA A GROUP of people used to being subjected to sweaty rehearsals, tedious costume fittings, tiring sponsor-seek-ing and heatstroke under unbelievably hot lights, are capable of feeling a lot of things when out of action. Like impatience between seasons. So, for Asia In Theatre Research Circus,327 words
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Article357 1988-10-29 9 SANGEETA MULCHAND - By SANGEETA MULCHAND ENFANT TERRIBLE of the fashion scene. Jean-Paul Gaultier, should be glad that he's not designing in Singapore. According to Alan Koh, president of the Society Of Designing Arts (SODA), his outrageous creative talent would never lift off the ground here. Indeed, the secret of357 words
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Article, Illustration773 1988-10-29 9 CHUANG PECK MING - BOOKS By CHUANG PECK MING Title: Surviving The Great Depression Of 1990. Author: Ravi Batra Publisher: Simon And Schuster, 368 pages. $29.95. PLEASE YOUR BOSS as much as you can if you want to keep your job in the depression that is bound to come in two773 words
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Article, Illustration120 1988-10-29 9 design Seminar Total Fashion BuatDate: Nov 1, 2 Venue: Dynasty Hotel Time: 9.30 am to 5.00pm $180 including lunch and braaks Tha SODA Show Date: Nov 1 Venue: Shangri-La Hotel Time: 7.30pm $60 and $80 par head A AAAiiMkAM n dirvlv Date: Nov 3, 4 Venue: Shangri-La120 words
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Article, Illustration892 1988-10-29 10 JAIME LYE - VIDEOS By JAIME LYE HOLLYWOOD VIDEO Pte Ltd may sound as tacky as, say, Hollywood Photo Studio down in Ang Mo Kio, but the concept behind it is anything but. In fact, it's video ga-ga at this movie rental outlet, located in the basement of OUB Centre and892 words
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348 1988-10-29 10 Mike Thumba - Bridge By Mike Thumba THREE WEEKS AGO at the inter-College Bridge Tournament organised by the NUSS, the NUS Students A' and B' teams not only defeated the graduates from the NUSS but also mauled the Singapore Polytechnic lecturers. The lecturers found it rather hard348 words
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Article, Illustration761 1988-10-29 10 SANGEETA MULCHAND - THEATRE By SANGEETA MULCHAND ONCE UPON A TIME, the wolf was always the bad guy and the three little pigs could do no wrong. Today, the Big Bad Wolf is bad because he was neglected as a child and the three little do-gooder pigs belong to a rock761 words
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Article897 1988-10-29 10 Sakina Dhilawala - k,ofT}pnoc Dy Sakina Dhilawala CINEMA: Dto Hard starring Bruce Willis, Alan Rickman, Alexander Godunov and Bonnie Bedelia. Showing at Cathay: 10.30; 1.15; 4; 6.45; 9.30, Golden Sultan: 1.15; 4; 6.45; 9.30. Bedok: 1.15; 4; 7; 9.30, Broadway: 1; 3.30; 6.45; 9.30, Majestic: 1; 3.30; 6.45; 9.30, OdeonKatong: 3.30; 6.30;897 words
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Article, Illustration499 1988-10-29 11 LAWRENCE TAN - CINEMA By LAWRENCE TAN WHAT EDDIE MURPHY wants these days, Eddie Murphy probably will get. Even if the ideas run out, the man has already had a pretty good run, and audiences pretty good fun with movies such as Trading Places and499 words
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Article, Illustration920 1988-10-29 11 LINDA CHEE - COLLECTING By LINDA CHEE OF ALL THE dynasties of imperial China, the Qing era clearly stood out for technical mastery in porcelain-making that was second to none. Where the preceding Ming era was famous for its blue-and-white wares with boldly executed strokes, the Qing dynasty was noted for920 words
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Article, Illustration227 1988-10-29 11 Lawrence Tan - by Lawrence Tan THROW MOMMA from tha Train. What kind of a title is that for a movie? Actor Danny de Vito must have thought it a great one and in his directorial debut, got actress Anne Ramsey to create a mother that is the quintessence227 words
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Article, Illustration740 1988-10-29 12 LAWRENCE TAN - SWITCHING With LAWRENCE TAN THE OLD MAN lectures the boy on the profundities of biochemistry. He takes a bit of purplish powder and puts it in a flask on the burner. The television screen, previously in black-and-white, flickers crimsonly for a moment where740 words
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Executive Lifestyle: Personal Investment
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805 1988-10-29 13 ROSIE TAN - BANK STOCKS By ROSIE TAN GENERALLY SPEAKING, banks are rip-off artists and incompetent to boot, said a Genevabased fund manager with a bulge in his cheek. Mr Michael Marsh, writing for an investment newsletter, Troy Report, regards a bank licence as a805 words
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Article559 1988-10-29 13 KEVIN GWEE - MALAYSIAN MARKET By KEVIN GWEE THE RECENT speculative interest in Malaysian properties seems to have spilled over to listed property companies. Over the past few months, property counters have returned to the limelight, with many of them making regular appearances on the most active list on559 words
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412 1988-10-29 13 LEONG WEN WAH - BEHinnER'5/ UNIT TRUSTS By LEONG WEN WAH INVESTORS who think that the prices of commodities such as oil, gold and other metals are at their lows, can consider buying unit trusts that hold shares in the companies producing these natural resources.412 words
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704 1988-10-29 13 Kevin Gwee - mm by Kevin Gwee IN VIEW of the current interest in Malaysian properties and the relatively inexpensive market rating of property counters, Tsang Ong has highlighted five Malaysian-based property companies IGB Corporation, Petaling Garden, United Estates Projects, Selangor Properties and Bandar Raya Developments704 words
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Article, Illustration327 1988-10-29 13 Robert CS Tay - Robert CS Tay, Robert CS Tay, Invaatmanl Manager, Phillip SecurMea THE PRICE PATTERN formed by the Straits Times Industrial Index has not changed since my last reading one month ago. It is still the lower-top low-er-bottom foundation (chart: A, B, C, D) which determines the primarySource: Investamatic - 327 words
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240 1988-10-29 13 Herman Phua - by Herman Phua AS THE Great Investment Race draws nearer to the close, the contenders for the top three positions remain unchanged with Algemene Bank Nederland leading the pack, followed by Daiwa Singapore and Kim Eng Securities. The latest scores show240 words
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Executive Lifestyle: Sports
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Article, Illustration564 1988-10-29 14 WALTON MORAIS - TENNIS By WALTON MORAIS WHEN it got down to the trenches, Steve Guy and Paul Chamberlin knew how to slug it out. At the Carlsberg Singapore Men's Open tennis championship semi-finals yesterday, that was the difference. Guy the first seed, and Paulby JERRY SEH - 564 words
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265 1988-10-29 14 IN ANNOUNCING why the ITF is investing U5545,000 in the future of Asian tennis, Eiichi Kawatei spoke also of the need for national associations to make profits. "I'm happy to see any national association organising a tournament and making a profit," the management committee member265 words
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Article, Illustration360 1988-10-29 14 BOXING UPI FRANCESCO Damiani and Tyrell Biggs both predicted knockout victories in a face-to-face meeting prior to their 10-round non-title heavyweight bout tonight. American 1984 Olympic gold medalist Biggs and Italy's European champion Damiani will be fighting for the chance to line up a big-money paydayUPI - 360 words
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Article676 1988-10-29 14 JEROME FANDOR - on TMCk RACING With JEROME FANDOR RACES 3 and 4 today feature eight horses hoping to line up for next week's Queen Elizabeth II Cup. Race 3 is a Class 1, Div 3, 1600 m event, while Race 4 is a 1200 m sprint676 words
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316 1988-10-29 14 AT 7.30 am this morning, the first of 14 riders who train in Singapore will enter the arena called "Paradise" at the Bukit Timah Saddle Club on Bukit Turf Club grounds. The 14 competitors will ride into the biggest international dressage competition of the316 words
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Article, Illustration472 1988-10-29 14 GOLF AP SCORING seven birdies each, US Masters champion Sandy Lyle of Scotland and British Open winner Severiano Ballesteroe of Spain shot four-under-par 68s on Thursday to dominate the opening round of the fourday U*****,00 Volvo Masters golf tournament. Englishman Roger Chapman and Ove SellbergAP - 472 words
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254 1988-10-29 14 AP FORMER heavyweight boxing champion George Foreman sent Tony Fulilangi reeling to the canvas for a knockout at 2:26 of the second round in Foreman's hometown of Marshall, Texas, on Thursday night. The fight was the 40-year-old Foreman's 13th straightAP - 254 words
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Article615 1988-10-29 14 BONDS, LOANS WARRANTS Company Coup CK Tang Wrti *****990 Oman Hup Wrti 1991 Oty D«v Rood* 1994 5% City Dov Wrt* 1992 G Corp CUIS 1909 10 H Prop Roods H Prop Wrt* 1993 1993 4 H Toi-Pon Wrt* 1992 tnno-Poc Loan knoo-Poc Wrti 1992 1992 4 JC-MPH loan JC-MPH615 words
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Page 7 Advertisements
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Advertisement152 1988-10-29 7 CONNOISSEURS F O R COLLECTORS When choosing your Dun hill Elite, let The Hour Glass enhance the occasion. SI rw y m y At The Hour Class; we see ourseh>es as connoisseurs. And our custotiiers as fellow collectors. Not only can u€ show you ilie widest choice ofDunhill timepieces in152 words
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Page 8 Advertisements
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Advertisement871 1988-10-29 8 Where to entertain. r A faatly Ealli# Alfarir Give yourself and your family a treat this Sunday w and indulge in sheer eating pleasure. Our Baron s r Sunday Buffet is a potpourri of impeccable local t and western cuisines For the young ones, we have specially set aside a871 words
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Advertisement266 1988-10-29 8 HRW It's the French Gastronomic Week! f Oohlal f The Hot fOoh la la! The Hotel Plaza Athenee, Paris comes to The Stables. Here you can uncover the romance and flavours of Paris brought to you by French Executive Chef Monsieur Claude Banner. Be titillated by his delightful creations. And266 words
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Page 9 Advertisements
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Advertisement199 1988-10-29 9 ft IW n 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 All199 words
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Advertisement181 1988-10-29 9 Treasure Hunt Off! off, On the Great Ballantine's Treasure Hunt The weekend is upon us lads, not a moment to be wasted. But first, 111 be telling ye a few helpful hints. But just a few mind ye. First, remember to follow the clues one-by-one (which by now ye've gathered181 words
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Advertisement531 1988-10-29 9 The Great cs3vvee* Treasure Hunt \&r Six Treasure Chests have been hidden on the island of Singapore. Find any one of these chests and you'll win an Air Mauritius Kenyan Safari and a Treasure Chest full of Ballantine's Scotch Whisky. ALPHONSO DE ALBUQUERQUE Onward by the paths we go, I531 words
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Page 10 Advertisements
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Advertisement52 1988-10-29 10 FACES PLACES <• V»' t >& m A 4 i r >1 Recorded a! )J Jingles St«id»o. Fantasia Studios lion Studio Singapore Devonshire Studio los Angeles Nola Recording Studio —Ne* York With special guests: HERBIE MANN PAULINHO DA COSTA O'DONEL LEVY Marketed by uuea Available on Cassette and Compact Disc52 words
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Page 10 Miscellaneous
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Miscellaneous761 1988-10-29 10 CRYPTIC PUZZLE ACROSS S Shuts up the page (7) 9 Don't understand, when you miss when checking? (4. 2. 3) 13 A foreigner? That's aright! (5) 14 Said it's over-cast (5) 15 They're counters, they inform you (7) 16 First make out it wasn't deliberate (7) 17 Seeing that there's761 words
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Page 11 Advertisements
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Advertisement33 1988-10-29 11 ungaro SPRING/SUMMER 1989 Paris. Most celebrated designer. Special preview on 14 November 1988. Please call Miss Isabelle tor an appointment. Telephone *****71 emanuel ungaro boutique 290 orchard road 01-35 the paragon Singapore 092333 words
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Advertisement27 1988-10-29 11 Available at Boutique Nina Rica, Galeries Lafayette Nina Ricci Corners:- Metro Orchard, Metro Manna, Singapore Daimanj Mtdon Classic Selected Outlets Sole Distntxjtor: Nina Ricci (Singapore) Pte Ltd27 words
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Page 12 Miscellaneous
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Miscellaneous1519 1988-10-29 12 SLOTS TO WATCH Death row, murders and rampage Movies Joe Spano, Dianne Venora and David McCallum head the cast in Terminal Choice, a movie about deadly doings and unexplained deaths in a modern, sophisticated hospital. A good cast is, unfortunately, not sufficient to salvage this unsavory thriller. (Today, 10.30pm, Channel1,519 words
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Miscellaneous955 1988-10-29 12 SATURDAY BBC tt.9 mHz In VHF Band II SAM 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. 6.00 World News. 6.09 News about Britain. 6.15 Radio Newsreel. 6.30 Personal View. 6.45 Recording955 words
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Page 13 Advertisements
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Advertisement23 1988-10-29 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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Advertisement57 1988-10-29 13 SOTHEBY'S FOUNDED 1744 The Fkil Helen Bemat Collection Of Important Qing Imperial Fbroelain 15 November 1988 Hong Kong K* ?~\Y2r. fJL Vlt V >' A Magnificent Imperial Yellow-Ground Landscape Bowl Qianlong Mark Period 15cm Estimate HK$3-4 Million For Enquiries Contact SOTHEBY'S Singapore Branch No. 1 Cuscaden Road #01-07 The Pavilion57 words
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Page 14 Advertisements
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Advertisement22 1988-10-29 14 u Probably the best beer in the worid. 'Live' telecast Carlsberg Singapore Men's Open Championships '88 Saturday 29th October, Channel 12, 1.15pm.22 words
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COMPANIES & STOCK MARKETS
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Article, Illustration565 1988-10-29 15 CORRINA LIM - By CORRINA LIM FOR ITS next major project, the Stock Exchange of Singapore is working towards introducing a scripless settlement system for the main board. Chairman Tan Chok Kian, in a statement in the exchange s latest annual report,565 words
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Article, Illustration583 1988-10-29 15 JOCELYN TOH - By JOCELYN TOH SINGAPORE BUS SERVICE (1978) Ltd which has so far fended off competition from the Mass Rapid Transit (MRT) system is bracing itself for the worst when the system is extended to Lakeside at the end of this year. The583 words
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161 1988-10-29 15 AFP STANDARD CHARTERED Bank, the British banking group, has refused to allow Australian businessman Alan Bond to go ahead with plans to sell Bond Corporation's 14.9 per cent stake in the bank for the time being. Standard Chartered said it wanted Mr Bond toAFP - 161 words
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Article, Illustration348 1988-10-29 15 Insider Tirading Irid PROSECUTION WITNESS Thong Kok Khee yesterday said he had never sought or been offered immunity from prosecution during investigations at the trial of businessman Allan Ng. Mr Thong, a former assistant director of Standard Chartered Merchant Bank Asia Ltd (SCMBA), Sealion Hotels348 words
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239 1988-10-29 15 CASH-RICH Tractors Malaysia Holdings Bhd is seeking new business opportunities to synergise with its existing activities. Chairman Tunku Naquiyuddin Tuanku Ja'afar said yesterday Tractors was particularly interested in opportunities relating to services and motor spare parts. "In our efforts towards this, we do not239 words
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Article, Illustration710 1988-10-29 15 AFP THE COLONIAL administration in Hongkong is proposing to give a new securities watchdog body sweeping powers, including the right to search business premises without a warrant, according to a copy of a draft official document. The proposal also enables the newAFP - 710 words
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COMPANY BRIEFS
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146 1988-10-29 15 PROMET BHD said it has obtained the approval of the Malaysian Capital Issues Committee to convert a tranche of its loan amounting to M5126.14m into 126 14m new shares under its financial restructuring exercise. The marine engineering group said the CIC had also approved146 words
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71 1988-10-29 15 TO COMPLY with the new requirement of the Tourist Development Corporation of Malaysia which requires all travel agents to have at least 70pc local participation in its capital, United Engineers Ltd has sold a 35pc stake in Asia Travel Service (M) Sdn71 words
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Article880 1988-10-29 15 Current Ex Books Date Total tor ToW (or poymont Ma dooo peyebte aw yoor laat yoor A Enterprises 5% Nov 2 Nov 17 Doc 5 7% 10% Asiatic 0»v 2%» Oct 12 Oct 26 Nov 21 2% 5% Austral Amal 15% Oct 7 Oct 21 Nov B 25%880 words
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SES
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Article, Illustration795 1988-10-29 16 Kevin Gwee - by Kevin Gwee LACK OF DIRECTION on major overseas markets coupled with cautious investor sentiment resulted in another day of lacklustre trading on the local bourse yesterday. The market opened on a weak note following an overnight 24-point fall in the795 words
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Article41 1988-10-29 16 Company RIGHTS ISSUE lum Chong One 6>i% loon stoct with detachable TS* tor every three ordinary shorn hold. Ex dote: Oct 31 Boola dot*-. Nov II Company BONUS ISSUE lum Chang One-for-three Ex-dote Oct 31 Boots close Nov II41 words
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Article297 1988-10-29 16 Company RIGHTS ISSUE C 1 Holdings 27 million loan itocb in the ratio of $3 loan stock for every five ordinary shores held D C Bank One-for-two $0 75 per shore Duta Cons One-tor-one $1 10 per share FACB One-tor-one $040 per shore General Corp Issue of (49.204.936297 words
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Article117 1988-10-29 16 KHONQ QUAN FLOUR Milling Limited: AGM at 120 Tanjong Rhu Road, Singapore 1543, today, Oct 29, at noon. fcIME DARBY Berhad: 10th AGM at the Ballroom AnteSom, Kuala Lumpur Hilton, lan Sultan Ismail, ***** Kuala Lumpur, today, Oct £9, at 11.30 am. Berjaya Corporation Barhad: 19th AGM at117 words
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Article322 1988-10-29 16 Managers' prices for Oct 29, 31 Singapore Unit Trust The Commerce 0.97 1.03 The Savngs Fund 0 85 0.91 S'pore Prog Fund 0 38 0 42* S'pore Sec Fund 0.64 0 69 S'pore Invest Fund 0 68 0.73 S'pore Equity Fund 049 0.53 Asia Unit Trust Mol Invest322 words
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Article5528 1988-10-29 16 Gr's Gr's 1 MS Tel Last Dlv Dlv Y'ld Not Vol Day Last Quote M Cap Ulwk nign Low Cod* Company Sale or- C'vr P/E (•000) High Low Buyer Seller Smll SESDAQ Oct 2S 187 114 t 4000 Amtek Eng 20* 126 unch 10.0N 7.1 1.5 895,528 words
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KLSE
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Article, Illustration2752 1988-10-29 17 AFTER EXPERIENCING two days of mixed sentiment, the Kuala Lumpur stock market finally yielded to profit-taking yesterday and prices eased across the board in quiet trading. Dealers said the market was featureless with a handful of blue chips trying valiantly to hold on to their2,752 words
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REGIONAL MARKETS
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474 1988-10-29 18 Reuter GOVERNMENT treasury bills and the currency market are proving stiff competition for Philippine shares, and analysts say the stock market needs better fundamentals to woo investors back. Despite an annualised gross national product growth rate of 6.8 per cent in the firstReuter - 474 words
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224 1988-10-29 18 Reuter EDIBLE OIL manufacturer Hop Hing Oil (Holdings) Ltd said it planned to list the company on the Stock Exchange of Hong Kong to raise HK$44.B million. It said in a statement it expected a price-earnings ratio of 6:1, based on aReuter - 224 words
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Article219 1988-10-29 18 AFP THE Hongkong police's commercial crime bureau has launched a probe into the collapse of a local Chi-na-funded company following the arrest of two directors for suspected fraud, a police spokesman said. The investigation comes in the wake of a recent announcement by Beijing that itAFP - 219 words
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290 1988-10-29 18 AFP THREE of Japan's electronics giants Thursday announced big gains in their first-half non-consolidated income results, thanks to good performances in communication systems and semi-conductors. Toshiba Corp said it recorded a current profit of 59.63 billion yen (US$445 million) on aAFP - 290 words
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Article, Illustration597 1988-10-29 18 Tokyo SHARE prices on the Tokyo exchange closed mixed yesterday after a seesaw session, and volume soared to massive levels on the first day of trade for November delivery, brokers said. The Nikkei Index firmed 18.42 points, or 0.07 per cent, to 27,741.34. It closed up 102.32597 words
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Article, Illustration528 1988-10-29 18 Australia Reuter A LACK of direction from overseas markets, rising interest rates and anticipation of Bell's BHP share placement saw the Australian national sharemarket close easier in heavy op-tions-related trading yesterday. One broker said turnover was higher than usual but foreign bourses had offered little guidance forReuter - 528 words
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Article, Illustration1319 1988-10-29 18 Hongkong HONGKONG stocks closed slightly lower yesterday with the takeover battle for Hongkong and Shanghai Hotels concluded. Brokers said the Kadoorie family, HK Hotels's major shareholder, had raised its holdings to nearly 40 per cent from around 33 per cent through open-market purchases1,319 words
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Article165 1988-10-29 18 Reuter THE SECURITIES Exchange of Thailand Index rose 5.11 points to 425.00 yesterday on a turnover of 5.705,782 shares worth 569.69 million baht. oct a BAMT Ao Kham Thai 360 1 Ayudhya Invaatman t 432 2 Bangkok Agro-ind 10# Bangkok Bank 291 -2 Bank Of AyudhyaReuter - 165 words
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Article83 1988-10-29 18 Reuter SHARE prices on the Manila exchange closed mixed yesterday as investors stayed on the sidelines. The Manila Stock Exchange composite index rose to 728.68 from 726.81 yesterday "The movement is sideways because the market is a little cautious and is just watching the more solidReuter - 83 words
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Article113 1988-10-29 18 Reuter SEOUL share prices rebounded slightly in mixed trading yesterday although many cautious investors chose to remain on the sidelines, brokers said. The composite index near the close was 742.05, up 1.1 points on turnover of 233.2 billion won against Thursday's close of 239 3 billion. "Investors,Reuter - 113 words
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Article151 1988-10-29 18 Reuter BOMBAY share prices dropped yesterday for the second day running on heavy profit-taking amid continued rumours that corporate results may be below expectation. Associated Cement Companies Ltd. one of the targets of the rumours, saw its shares fall 9.5 rupees to 277. Market leader Tata IronReuter - 151 words
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Article407 1988-10-29 18 Reuter THE Taiwan stock index yesterday rebounded from a round of mid-morning profit-taking to close sharply higher, although still off earlier peaks, dealers said. The weighted index rose 135.42 to close at 6,153.49 from Thursday s 6,018.07 close. It reached a high of 6,166.86 in early trading.Reuter - 407 words
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Article128 1988-10-29 18 Reuter SHARE prices on the New Zealand exchange ended lower yesterday after a quiet session with the Barclays Index easing 13.53 to 2,024.40. "It was mainly off on the back of a Wall Street fall." Phillip Solarz of Hendry Hay Mcintosh said. "It (the market) wasReuter - 128 words
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WORLD MARKETS
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Article, Illustration882 1988-10-29 19 New York Reuter GROWING nervousness and scepticism about the level of recent acquisition proposals led investors to dump their holdings of deal stocks on the New York Stock Exchange on Thursday. The action was triggered, in part, by a warning from Fed chairman Alan GreenspanReuter - 882 words
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Article, Illustration1010 1988-10-29 19 London Reuter EQUITIES on the London exchange opened with an easier bias in quiet trading yesterday after a 24-point fall on Wall Street on Thursday. Investors decided that interest rates would not fall despite Thursday's much better than expected UK balance of payments figures.Reuter - 1,010 words
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Article1756 1988-10-29 19 Reuter AMSTERDAM Dutch share prices were lifted to a new year's high at yesterday s midsession amid growing confidence that the dollar's latest dive has bottomed out for the time being and that recent selling was overdone, dealers said. "There was fear that the dollar would goReuter - 1,756 words
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Page 15 Advertisements
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Advertisement12 1988-10-29 15 CURRENCY INVESTMENT AMI Kl( W IM'KI ss I( \\K TEL: 321 333312 words
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Page 15 Miscellaneous
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Miscellaneous19 1988-10-29 15 cmmbo om-V /&-&>&£> ro /A/&n<zr &s6'&eAt- Aa/ene* £/fWP£~ or rV£~ r&sr7/*w/.. 57&&L/S />oi Ti/Arf ws<ar rftf 7&£-£>... z °./(FF^ VfyguJf19 words
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Page 16 Advertisements
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Advertisement13 1988-10-29 16 Bonds, Warrants and Loans tabla on PAGE 14 Dividend tabla on PAGE 1513 words
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Page 18 Advertisements
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Advertisement611 1988-10-29 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AMALGAMATED MOTOR TYRE MERCHANTS (SINGAPORE) PRIVATE LIMITED (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before the 30th611 words
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Advertisement452 1988-10-29 18 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We Hal Yin Diesel Trading Pte Ltd of 6001 Beach Road #15-01/02 Golden Mile Tower Singapore 0719, hereby give notice that in consequence of the intended purchase and change of Ship's name from Japan to Singapore. We have applied to the Registrar452 words
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Advertisement37 1988-10-29 18 Do you know of a company that has dared to innovate? Call Adeline Yong on 344-8955 before October 31,1988, to nominate a company worthy of the Enterprise Award. BI'SINESSM AN OF THE YEAR AWARD AND ENTERPRISE AWARD37 words
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Page 19 Advertisements
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Advertisement447 1988-10-29 19 SinGAPORE AIRLinES (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Singapore Airlines Limited wishes to make the following announcement:1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 1988 Revenue PROFIT FOR THE PERIOD After accounting for:Investment income Finance charges Depreciation of fixed assets Profit/(loss) on447 words
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Article, Illustration580 1988-10-29 20 DAVID CHEW - By DAVID CHEW NEW UMNO president and Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday that Umno's de-regis-tration last year was not because of unregistered branches. Rather, it was due to the action of disgruntled people taking the matter to court580 words
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207 1988-10-29 20 THE ASPIRATIONS of Malays have not been fully achieved under the New Economic Policy, which is due for review in 1990, New Umno president Datuk Seri Dr Mahathir Mohamad said yesterday. In his opening address to the New Umno general assembly, Datuk Seri Dr207 words
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144 1988-10-29 20 AN AMENDMENT to the Umno constitution, providing for 10 votes to each nomination a presidential or deputy-presidential candidate receives, was unanimously endorsed by the New Umno general assembly yesterday. It was moved by Umno deputy president Ghafar Baba on behalf of the New Umno Supreme Council.144 words
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203 1988-10-29 20 AFP TWO BANGKOK-BASED shipping lines are to return to Singapore toxic waste allegedly dumped in the country over the past seven years. A Port Authority of Thailand official said on Thursday that no date had been set for the return of 631 tonnesAFP - 203 words
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Article, Illustration503 1988-10-29 20 MARTIN SOONG - Society must not drift aimlessly into the 21 st century By MARTIN SOONG THE CORE VALUES Singapore shares with other Asian success stories such as Japan, Taiwan, and South Korea need to be formalised in a national ideology if the Republic is to survive503 words
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261 1988-10-29 20 UPI FIREFIGHTERS spraying foam and water extinguished the flames consuming two oil tanks on Pulau Merlimau yesterday but a third sent a towering pillar of pollutants into the air. Two more firemen were hurt, raising the toll of injured from the four-day infernoUPI - 261 words
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157 1988-10-29 20 FORMER Member of Parliament J B Jeyaretnam yesterday said he was waiting for the right thing to be done' after winning an appeal to the Privy Council in London against a local court ruling. Mr Jeyaretnam, the leader of the Workers' Party,157 words
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314 1988-10-29 20 FT THE SOVIET government plans to sell shares in its state enterprises, and will eventually have a stock market, Finance Minister Boris Gostev said in an interview on Thursday. The ideological volte face will mean that workers, other enterprises and ordinary individualsFT - 314 words
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249 1988-10-29 20 Reuter JAPAN yesterday reported gloomy prospects for reducing its trade surplus, heightening fears that the surplus might be here to stay for some time. The government said that the nation's current account surplus fell nearly US$l billion from a year earlier to US$7.6lReuter - 249 words
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122 1988-10-29 20 AFP PRIME MINISTER Lee Kuan Yew will lead an 11-member delegation on a four-day visit to Fiji next month, the Fijian government announced yesterday. The announcement said Mr Lee would hold talks in Suva with Fijian Prime Minister Ratu SirAFP - 122 words
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89 1988-10-29 20 Reuter THE SURPRISE resignation of Portugal's moderate opposition leader, Vitor Constancio, could endanger the government's plan to modernise the economy by sweeping privatisation. The Socialist Party chief announced on Thursday he was quitting his post, less than two weeks after signing a pact with theReuter - 89 words
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LATE FILE
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Article54 1988-10-29 20 Reuter SYRIA was yesterday reported to have reinforced its positions in northern Lebanon in a move that was seen aa a possible prelude to military action. In London, bullion dealers said that gold prices had leapt US$7 an ounce in hectic trading on news ofReuter - 54 words
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51 1988-10-29 20 Reuter THAILAND is considering a North Korean request to open an embassy in Bangkok amid growing trade exchanges. A Thai Foreign Ministry spokesman said yesterday that vieiting North Korean Foreign Minister Kim Yong-nam had made the proposal during talks with his Thai counterpart Siddhi Savetsila.Reuter - 51 words
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Article60 1988-10-29 20 Reuter BRITAIN'* Conservative government announced yesterday that It would float the state steel industry on the\ stock market on November 23 in the lateet in a series of sales to private investors of public assets. Industry analysts think that British Steel, one of Europe's largest andReuter - 60 words
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49 1988-10-29 20 Reuter HUNGARIAN Communist Party leader Karoty Groez said yesterday that he would resign as prime minister next month. Mr Qrosz, who will keep the more important party post, named no successor, but sources tipped Politburo economist Miklos Nemeth, 40, to succeed him. ReuterReuter - 49 words
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Article50 1988-10-29 20 Reuter TAIWAN textile-makere yesterday urged the government to resist renewed US pressure for further currency rises, which they said coula< cripple the industry and hurt the island's second largest sxport. Ths request waa made by repreeentatives of 22 textile industry essoeiations after a meeting yesterday. ReuterReuter - 50 words
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Page 20 Advertisements
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Advertisement7 1988-10-29 20 Moscow explains its budgot deficit, PAGE 37 words
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Advertisement131 1988-10-29 20 Comex reports were not available at preae time V< V v;V v o v,V yi y < v. .Autborvet) Dealer.>: DAI. tLARI' I SETAN -HA I TIXK K. ORCHARD 11. CLASSIQI 'E METRO GRASD U 'CKY PLAZA SOGO »FJ BENJAMIN CHANGI AIRPORT HALLEYS DEPARTMENTAL STORE For Further Enquiry Plea.* Contact:131 words
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