The Business Times, 31 January 1987
1987-01-31
1
14
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The Business Times
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Title Section12 1987-01-31 1 BUSINESS TIMES M.C. (P) No. 112/12/86 SATURDAY, JANUARY 31, 1987 75 CENTS12 words
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Article, Illustration552 1987-01-31 1 BOEY KIT YIN - Optical drives also being considered By BOEY KIT YIN SINGAPORE'S HIGH-CAPACITY disk drive industry will get a boost when leading maker Maxtor transfers more product design and development work to Singapore in the near future. It may also make optical disk drives552 words
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273 1987-01-31 1 LOH HUI YIN - By LOH HUI YIN VISAS are now needed for commercial textile shipments worth more than US$25O to the United States. The ruling, effective from Jan 1, is part of changes in US import procedures and applies to all countries exporting textiles to the273 words
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370 1987-01-31 1 Bernama THE CONCEPT of the party controlling the government has always been a practice in Umno and will be continued, Deputy Prime Minister Ghafar Baba said in Muar yesterday. "I do not see a reverse practice, that is the government controlling the party, occurringBernama - 370 words
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Article115 1987-01-31 1 Bernama MALAYSIAN Deputy Prime Minister Ghafar Baba yesterday reminded critics of the government to tread carefully and not scare off foreign investors. "They are free to criticise but this must be within certain bounds," he told reporters in Malacca before returning to Kuala Lumpur. Mr Ghafar,Bernama - 115 words
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181 1987-01-31 1 Reuter AUSTRALIA'S inflation rate jumped to nearly 10 per cent at the end of last year, the highest level in almost four years under the Labour party government. According to official statistics released on Thursday, financial markets took in their stride the sharp riseReuter - 181 words
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Article60 1987-01-31 1 See Page 8 'A SMALL INVESTOR' reaffirms the importance of fundamentals in any financial market. In a Letter to the Editor, he offers this piece of advice: "The art of investment is to be able to pick the undervalued stocks before others have spotted and boughtSee Page 8 - 60 words
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Article203 1987-01-31 1 INSTITUTIONAL INVESTORS, flush with cash but with few investment alternatives, drove the Japanese stock market s key barometer, the Nikkei stock average, beyond the 20,000-yen mark for the first time yesterday. Faced with historically-low interest rates, buyers pushed the 225-issue average up 127.30 yen to203 words
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145 1987-01-31 1 Reuter JAPAN'S unemployment rate climbed to 2.8 per cent of the workforce in 1986, its highest level since 1953, the government said yesterday. Unemployment rose from 2.6 per cent in 1985 as Japan s manufacturers became less willing to hire workersReuter - 145 words
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Page 1 Advertisements
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Advertisement327 1987-01-31 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM What to expect from the Rabbit the FEROCIOUS TIGER YEAR ends and the new Rabbit Year begins tomorrow. The Chinese say those born in the Rabbit Year are good at making money but will this be a good year for them to make money?327 words
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Advertisement476 1987-01-31 1 ij Ikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM MMii: 33 EE 23 m EE /SS /zs g vw HE ®,a 5- EE n B: A' x Take a Chance and win a weekend treat at the Pan Pacific's Kingfisher Suite Page 3 Song of the real estate man Page 3 Drive476 words
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OVERSEAS
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535 1987-01-31 2 NYT REPRESENTATIVES of nearly 100 industrial and developing nations have finally agreed to start important trade-freeing negotiations next month. Their accord came in Geneva on Thursday after the US and France reached an ambiguous compromise on what priority agriculture should haveNYT - 535 words
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406 1987-01-31 2 NYT AMID NEW signs of an impending five-nation meeting to try to stabilise the dollar, President Ronald Reagan urged other major countries on Thursday to help reduce the American trade deficit, a key reason for the dollar s decline. The administration has beenNYT - 406 words
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Article152 1987-01-31 2 Reuter PRESIDENT Suharto defended Indonesia's system of monopolies after a rare public criticism from former student leaders, the official Antara news agency reported. The president has been under fire from critics, including the World Bank, who say the country's network of exclusive import licences, business monopolies andReuter - 152 words
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454 1987-01-31 2 AP SPURRED by the yen's sharp rise, Japan's direct overseas investment will reach a record high in the fiscal year ending March 31, a semi-governmental trade organisation says. Such investment totalled US$l2.5 billion in the first eight months of fiscal 1986, upAP - 454 words
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356 1987-01-31 2 Reuter PRIME MINISTER Margaret Thatcher startled Britons on Thursday by predicting that they would one day see a return to full employment, a claim rarely heard from a Western leader in recent years. Asked whether she really believed that unemployment, which has trebled inReuter - 356 words
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215 1987-01-31 2 AP WEST GERMANY posted a record trade surplus of 112 billion deutschemarks (U5562.9 billion) in 1986, the Federal Statistics Office said. But economists said the falling US dollar and stagnating real exports suggested that West Germany's trade bulge had reached its peakAP - 215 words
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134 1987-01-31 2 AP PRESIDENT MOHAMMAD Zia ul-Haq has said that increased numbers of Indian troops along Pakistan's border were a cause of concern, but that talk of a possible war has ended. "It is a matter of concern to Pakistan that India is concentrating its troops on ourAP - 134 words
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Article128 1987-01-31 2 UPI A COMPANY that manufactures outdoor lighting is moving its plant from Taiwan to Texas because officials believe the move will make the firm more competitive. "We believe that the combination of state-of-the-art production equipment, coupled with the very high calibre of workers we willUPI - 128 words
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Article, Illustration485 1987-01-31 2 AFP THE 12 MEMBERS of the European Community (EC) unanimously approved in Brussels yesterday a deal to head off a threatened trade war with the United States, officials said. The deal, worked out on Thursday under deadline pressure applied by Washington,AFP - 485 words
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319 1987-01-31 2 FT THE FRENCH government has appointed a leading independent industrialist to conduct a major study of the competitive state of French industry. The move reflects the increasing concern of the government at the steady decline in the international competitiveness of French industry. MrFT - 319 words
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Article353 1987-01-31 2 UPI SOME £46 million will be available soon for British victims of the 1917 Russian revolution, enabling them to receive compensation for items ranging from gold mines to sardines. In a newspaper advertisement headlined 'Russian compensation,' the government announced on Thursday the money would soon beUPI - 353 words
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133 1987-01-31 2 Reuter AUSTRALIA will launch an international campaign next month to seek support for Prime Minister Bob Hawke's proposal to liberalise world trade. Trade Minister John Dawkins and Primary Industry Minister John Kerin said in a joint statement yesterday that they would visit several countriesReuter - 133 words
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Article769 1987-01-31 2 ARRIVALS Operator local From numbor Mm* MAS MH601 0005 KUL OA OA471 0015 ATM UA UA805 0100 SFO/HKG SU SQ11 0125 LAX/N8T CAL 0333 0405 m SU SQ41 0615 MAA SV SV398 0710 JED/tUH MAS MH681 0820 KUL cv CV796 0845 LUX/DXI KAL KE624 0850 KUL MAS769 words
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Page 2 Advertisements
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Advertisement62 1987-01-31 2 T I I I The business person's choice, every I f II \I I II 1\ I Tuesdoy. Thursday, Saturday and I I VI \l m 1 II Sunday. Leaving Changi Airport at JLJvyi 11—** 1 22:05 hours and arriving at Heathrow at 06:45 hours the following morning. Call Air62 words
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Page 2 Miscellaneous
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Miscellaneous56 1987-01-31 2 Doonesbury m m II a K m OKAY, HOW ABOUT MXXJH6 AT HOME, THEN* THIS 15 IMPORTANT, RICK. THENCUHi PONTIOU DOIT ik m BY GARRY TRUDEAU rrs NOTAS PRACTICAL, bjm CMON, RICK, W/RE THE A one who mom about mAOi "THE HEW BKEEP OF CjOMMTTTB? FATHERS! m ma m rfm56 words
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Executive Lifestyle
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516 1987-01-31 3 JAIME LYE - By JAIME LYE THINK MONOPOLY and one thinks money. Strategy. Bypassing all other properties in the hope of landing on Park Lane first, so as to spend the rest of the game building hotels and outwitting fellow players. A game of skill. Brains.516 words
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Article, Illustration371 1987-01-31 3 Han Vo-Ta - jmXs Han Vo-Ta When I was just a little girl (boy), My mother (father) said to me. If you ever want to be rich, Then try to get yourself in real estate. Real estate, real estate, how I love to be wealthy, Imagine, imagine, what money371 words
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Article247 1987-01-31 3 THE DESIGN of hongbao envelopes seldom attracts attention, since people are usually more interested in their contents. One customer of the United Overseas Bank, however, was pleased to report the other day: "I just got some Chinese New Year hongbao envelopes from UOB group, the best-designed247 words
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Article236 1987-01-31 3 TRENDS NYT 1 THE WOULD of ait, dm cantury bajan, and aaamo dfcaty to •nd, with huQi txhlblttoni of t provocatlvo, i §vliiwilil snd Mmt York 71mm art crWc John Ruooafl neili, In fliat contort, Mm Armory Shorn of Itll>l4 In Now York andNYT - 236 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration1199 1987-01-31 4 MONICA GWEE - BOOKS By MONICA GWEE CROSSING AMERICA. Insight Guides DMcM and dMlgnid by Hans Hoefer, adNad by Rabact Saldanbarg; photography by Joa Vlaatl; APA Productions (HK) Lid, IMb; 33« pagaa. I think all haroic daads ware all concaiv'd in the open air, and all free poems1,199 words
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Article, Illustration499 1987-01-31 4 JAIME LYE - CINEMA By JAIME LYE SOON after infiltrating King Solomon's Mines and finding a cut glass factory, rugged adventurer Allan Ouatermain sets his sights on a lost city of gold and discovers Club Med instead. As usual, life-threatening obstacles limited only by the director's borrowed imagination and499 words
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Article, Illustration742 1987-01-31 5 WALTON MORAIS - Matinee idle a triumph for Chaka Khan SHOWBIZ By WALTON MORAIS SOMETIMES, IF you keep plugging long enough, the honesty of your effort will come through. For Chaka Khan, the honesty shone through on the Lunar New Year's rainy first day. The task that confronted the black songstress at Thursday's742 words
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Article, Illustration909 1987-01-31 5 RICHARD SEAH - HEALTH By RICHARD SEAH THE HOST brought out a plate of stewed pig's trotters. "This is good," she said, quoting Chinese beliefs. "Makes your legs Strong." 4 Then she added: "Won't make you fat" Those words came from a lady who must be at least909 words
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Article836 1987-01-31 5 CINEMA: Tal-Pan Byran Brown, John Stanton, Joan Chen. Showing at Cathay: 10.30; 1.15; 4; 6.45; 9.30. Vamp starring Chris Makepeace, Sandy Baron, Robert Rusler, Gedde Watanabe, Grace Jones. Showing at Capitol and Savoy. The Golden Child. starring Eddie Murphy. Showing at Jade. Foreign Body starring Victor Banerjee. Showing at836 words
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Article, Illustration694 1987-01-31 5 Jaime Lye - SHORTTAKES by Jaime Lye TOM STOPPARD the writer can best be described ss unconventional. Known for his biting end funny works that satirise as well as cauterise. The British Council has brought in Professional Foul, based on his original screenplay. The story revolves around a694 words
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Article, Illustration863 1987-01-31 5 JEFFREY TSANG - MOTORING By JEFFREY TSANG THE MAZDA RX-7 was perhaps the most successful everyday sports car in motoring history. First introduced in 1979, the hugely successful two-plus-two saw sales of some 470,000 units in its short life. Even in Singapore, where astronomical863 words
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Executive Lifestyle: Sports
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Article, Illustration737 1987-01-31 6 Brian Miller - on 13SK TMCk with Brian Miller with Brian Miller LOOKING AT it any which way, visiting jockey Rick Dominguez will be all the rage in Kuala Lumpur this afternoon and for good reason. Since stopping over for what was737 words
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Article, Illustration561 1987-01-31 6 YACHTING UPI STARS and Stripes crewmen predicted on Thursday their unrivalled experience would give them the edge in the America's Cup while the Kookaburra 111 team counted on technology to get them through. "We peaked a little too soon in 1983,"UPI - 561 words
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552 1987-01-31 6 AP THE AMERICA'S Cup floats on an ocean stirred by corporate promotion and publicity. It has to. Money is the real wind that makes cup 12-metre yachts go, and corporations are where the money is. And when corporations give money, theyAP - 552 words
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America's Cup Notebook
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Article103 1987-01-31 6 THE BIG TOURIST RUSH to Perth and Fremantle for the America's Cup is on. Tourist demand has forced Australian domestic airlines to make drastic increases in the number of flights into Perth. Ansett Airlines' Western Australian marketing manager Geoffrey Court said it was the busiest time103 words
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Article127 1987-01-31 6 THE WIVES of the two America's Cup skippers met for the first time on Wednesday and animatedly discussed this weekend's prospects. Judy Conner believes the drive, determination and ability of her husband, Dennis, will help Stars and Stripes take the Cup back to the US. Alex Murray127 words
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427 1987-01-31 6 JEFFREY TSANG - MOTORING By JEFFREY TSANG FORMULA ONE. The words conjure images of brute strength, blinding speed, awesome performance as well as tragic and dramatic death. There are many losers, and the price can sometimes be as heavy as death. But there are427 words
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Article, Illustration741 1987-01-31 6 MIKE THUMBA - The opening lead keeping a sensitive ear to the opponents' bidding BRIDGE By MIKE THUMBA PREVIOUSLY, we discussed the conventional opening leads: (a) the best opening lead is the partner's bid suit; (b) when the partner has not bid a suit, the defenders are left with a number of blind741 words
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Article, Illustration486 1987-01-31 6 Control the key to a healthy life FITNESS WHAT IS MEANT by the word control? We use this word In everyday language, but many of us don't know its true meaning. To control means to take charge or handle things both mentally and physically. There are many elements we must486 words
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Executive Lifestyle: Personal Investment
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Article, Illustration274 1987-01-31 7 By RC JUDGING by the strong upsurge on Wednesday, the local stock market appears to be preparing to scale newer heights. On Jan 9, when the Straits Times Industrial Index was at 904.38, I stated the market had broken out of a bullishBy RC - 274 words
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362 1987-01-31 7 AFTER TWO lacklustre performances on Monday and Tuesday, the stock market staged an impressive comeback on Wednesday, the last trading day of the Tiger year. The big beneficiaries were mostly the banking and medium to heavy-weight blue-chip issues which had lost ground in the362 words
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Article, Illustration1991 1987-01-31 7 RAMESH CHANDIRAMANI - MARKET TRENDS Although exchange rate volatility is the bane of businessmen, it affects everyone in one way or another especially if there is money to be made trading market trends. What are the trends during the Rabbit year? RAMESH CHANDIRAMANI sought the views of1,991 words
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Article129 1987-01-31 7 NYT GLOBAL MUTUAL FUNDS that invest mainly in bonds of foreign governments are becoming popular. These funds offer American investors a potential play on the declining value of the dollar against overseas currencies. Foreign bonds have been around for centuries. But until last year onlyNYT - 129 words
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Article, Illustration850 1987-01-31 7 Ramesh Chandiramani - Cold Storage the prospects mm ®y Ramesh Chandiramani RELATIVE to the stock market, the share price of food-based Cold Storage Holdings PLC has underperformed in the current bull rally. And justifiable too: the group is not likely to show much improvement in profitability for the year ending Jan 31, 1967.850 words
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Page 3 Advertisements
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Advertisement128 1987-01-31 3 ypessb-i&* oo«| T1 BP jCi'v'' -;-s ¥p /V K T* ff v--*:■" *.:.<£ s *yps K* < v 6 V r>\ V. v v. v v. 1 i snoppmg msuxix tnttrtM NiMiii utsxncts Business Districts Courts Government Buildings Middle Cless Residential Lower Middle Class owl O ss Singapore Monopoly: Your128 words
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Page 4 Miscellaneous
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Miscellaneous2340 1987-01-31 4 SLOTS TO WATCH Hitchcock, Coppola and Bo TODAY: Marnla (4.15 pm, Channel 5) There's more than meets the eye in this Hitchcock suspense drama about a young woman with an irrepressible thieving urge. Tippi Hendren plays the disturbed Marnie, while Sean Connery is her wealthy employer who forces her into2,340 words
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Page 7 Advertisements
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Advertisement27 1987-01-31 7 BT welcomes Investment ideas and viewpoints from brokers, bankers and readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0923.27 words
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FEATURES
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Article587 1987-01-31 8 IT WOULD NOT be a wrong opinion to suggest that weekends are the least opinionated part of the week. For everyone, the working week is lived taking decisions and following them either to success or to failure. Decisions call for informed thinking, and such thinking formulates itself587 words
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Article, Illustration1607 1987-01-31 8 CHUANG PECK MING - Doctors, lawyers and other professionals, school teachers included, are among the regular customers of new specialty comic shops. Yes, comics are making a comeback, with new adult readership. And pulp heroes now offer more than a few minutes' enjoyment. Some give handsome returns on investment1,607 words
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641 1987-01-31 8 A Small Investor - letters te the Editor A Small Investor DEAR SIR Whilst confidence is an essential ingredient in any financial market wherever it may be, (BT editorial "A Matter of Confidence" 15.1.87), ultimately it is the fundamentals which underpin the value of a security in641 words
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139 1987-01-31 8 Chao Tzee Cheng - Chao Tzee Cheng Consultant Forensic Pathologist Dspartmant of Pathology National University of Singapore DEAR SIR I wish to clarify a statement in your paper of January 21 1987. In column six of the page one story on Mr Teh Cheang Wan s139 words
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Article258 1987-01-31 8 D W Distant - D W Distant DEAR SIR Only 5.5 million shares in Singapore National Printers are being offered to the public; no doubt many times that number will be applied for and banks and POSB branches will be crowded with hopeful applicants purchasing cashiers' orders to support their applications.258 words
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Page 8 Miscellaneous
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Miscellaneous782 1987-01-31 8 CRYPTIC PUZZLE ACROSS 8 Only lots and lots of fasteners (7) 9 Painting Olive? (3-6) 13 Pretend the greenhorn is going to school (3. 2) 14 Was told the man had a way with him (5) 15 It is the intention to hire out clothing (7) 16 With scorn said782 words
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BANKING AND FINANCE
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Article133 1987-01-31 9 HONGKONG: Closed yesterday. TOKYO: Yen-denominated gold futures closed mixed yesterday, ranging up six yen to down eight yen per grsm in thin trading. The market rose initially on small-lot buying by trading houses encou raged by the firmness in New York and the dollar's appreciation against the yen133 words
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116 1987-01-31 9 Bernama BANK NEGARA s gold and foreign exchange reserves increased by 6.4 per cent to M 515.49 billion as at Dec 31, 1966, from M 514.55 billion a fortnight earlier, according to its latest balance sheet. The centrsl bank's total assets, which included gold andBernama - 116 words
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Article, Illustration406 1987-01-31 9 KUALA LUMPUR: Closed JAKARTA: The dollar was fixed at 1627.00/1633.00 rupiah yesterday. HONGKONG: Closed TOKYO: The US dollar closed easier in dull trsding as participants generally were sidelined ahead of the release of yesterday's US trade figures for December, a key for the dollar's immediate future, dealers said.406 words
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1316 1987-01-31 9 Elimination of distinctions urged NYT THE PRESIDENT of the Federal Reserve Bank of New York has proposed a revamping of the financial system that would eliminate many distinctions between banks, securities firms and insurance companies, and allow common ownership of these companies. But theNYT - 1,316 words
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409 1987-01-31 9 Reuter JAPANESE BANKS in the third quarter of last year led the biggest surge in world lending since 1981. The Bank for International Settlements (BIS) said this week that there were only modest increases in lending to the developing world, after a declineReuter - 409 words
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RAW MATERIALS
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Article875 1987-01-31 9 COFFEE Robusta futures on Thursday closed between £35 and £18 lower than Wednesday night after a day dealers termed disappointing, with origin selling and lack of fresh fundamental news weighing on the market. Dealers said selling by a well-stocked industry depressed the market even though New York prices875 words
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Article65 1987-01-31 9 Bangkok Broken Rice 128 A-1 Super (USS/tanm, FO») A-1 Spadol 125 Whit* Rice 255 C-1 Spadai C-l Ord wq unq 100% lit dot* 100% 2nd dm 220 Loonzain Rice 100% 3rd do« 215 100% 1« grade unq 5% 100% 2nd grod* 215 205 100% 3rd grad* unq »o% '5%65 words
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Article72 1987-01-31 9 TOKYO Futures closed mixed yesterday, ranging down 0.4 to up 1.2 yen per kilo in thin trading, dealers said. Distants continued firmer on buying individual investors encouraged by the firmness of the US dollar against the yen, while nearbys reversed Thursday's rise on profit-taking by trading houses. Trading remained72 words
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Article137 1987-01-31 9 WHEAT FUTURES in Chicago rebounded from fractional midsession losses and closed mostly higher on Thursday, ranging 2-1/2 US cents a bushel higher to 3/4 cent lower with spot March at US$2.9O-1/2 a bushel. Prices drifted lower in quiet featureless trade through most of the session, but talk of export137 words
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Article166 1987-01-31 9 SOYBEAN FUTURES in Chicago held midsession gains on Thursday and closed three to two US cents a bushel higher with spot March at USSS.OI-1/4 a bushel, up 2-3/4 cents. Commercial crushing snd a rally in soyoil, along with a winter storm threatening to interrupt country movement, supported prices but166 words
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325 1987-01-31 9 Reuter INDONESIA will award 79 new contracts to foreign gold mining companies this year that will help maintain a momentum towards becoming one of the world's major producers of the precious metal. The official Antara news agency on Thursday quoted SutaryoReuter - 325 words
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691 1987-01-31 9 Reuter MALAYSIA, the world's top rubber, tin and palm oil producer, is spearheading a drive in Asia to beat slack demand, surpluses and poor prices. The strategy emphasises joint producer action instead of international producer-consumer commodity agreements to control supplies, stabilise prices andReuter - 691 words
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151 1987-01-31 9 Bernama INDONESIA is still studying whether to join the Kuala Lumpur Tin Market (KLTM) for the sale of its tin has been offered by Malaysia, said the president director of the state-owned tin company PT Timah, Sujatmiko. But Indonesia has no difficulties inBernama - 151 words
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Page 9 Advertisements
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Advertisement32 1987-01-31 9 The Singapore market was cloaed yesterday MAM* Waab |U^l|J4A||A for uif wniniH ntw tMr noiioiyf. Tha Singapore/Malaysian rubber, Kuala Lumpur tin and palm oil marfcats wara ctoMd yaatarday for Chinas* New Yaar.32 words
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INTERNATIONAL STOCKS
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266 1987-01-31 10 Reuter CONTINENTAL and Eastern Airlines, the two major carriers owned by Texas Air, the largest US airline, have announced new discount fares on domestic flights 40 per cent below their previous lowest. The carriers said the new fares included US$B9 for a one-wayReuter - 266 words
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273 1987-01-31 10 THE US holding company of flamboyant Saudi businessman Adnan Khashoggi has filed for Chapter 11 bankruptcy protection to stave off at least US$l5O million in lawsuits, a company lawyer announced. Mr Khashoggi has claimed he was a middleman in the US-Iran arms deal and that273 words
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Article408 1987-01-31 10 Reuter PROFIT-TAKING, inspired by weakness in the Transport Index, and a number of late afternoon arbitrage related sell programmes sent stock prices lower on Thursday in active trading. The Dow Jones Industrial Average fell 3.38 to 2,160.01. The NYSE Index fell 0.54 to 156.18. TheReuter - 408 words
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Article151 1987-01-31 10 JAN 2S C 1 *b "«0 Irrt Prov Pip* < AMHM 36 hi InH 1 17* 44* 22* 17% 12* M* +1* 23* 30* 24* 7* 29* unch 1* Alooma Stl 11 LobiawCo Bank Nova Soodt 19* McMil Bldl I Bank 04 Montreal 3654 Motaon A Ball Canada 30%151 words
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Article215 1987-01-31 10 JAN a RAND Trual Bfc Un Sisal 140 60 unch +2 Ml MISTRIALS Woottru 1960 unch A Alpha Abarcom Aad 1410 300 1640 10 +8 -10 Anglos OMQ9 7178 -29 tSTtz 900 10 Angvaal *****8 2400 -1000 -79 2000 69 BUMT 7600 -200 C Q Smith 3200 29 Cttariar215 words
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Article523 1987-01-31 10 JAN a UBS +b 32% Alcoa 40% Allog Inll 14 Alllad S»g 48* AiMad Storas AJIto-Chalrvwn Am Brands Inc. Am Can Co 2* 48* ....96* onch -1* iI., hbbbbi ,mi Am Elac Pwr 31* at* Am Horn* Prod Am Motors Cp 84* 3* 16 Amorada Haaa. Amoco Corp523 words
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Article494 1987-01-31 10 Amsterdam jam n FLS ABN 512.00 15 Aagon Ahotd Akzo 80 SO 101.70 132 50 2.5 1.7 4.1 Alranta AMEV Amro Bank. AaaStad BOLS 141.80 67 JO 66 00 124.00 16.80 186 00 0.1 0.3 1.8 2 2.7 3 Boraumij Boahrman Talk Caiva 134 KOda. 50 90 660494 words
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Article319 1987-01-31 10 Reuter SWISS food giant Jacobs Suchard beat its Swiss rival Nestle on Thursday night in a takeover battle for Belgium's leading chocolate producer, Cote d'Or. The Belgian company's board of directors announced after a lengthy meeting that it had accepted Suchard's bid over a late NestleReuter - 319 words
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Page 10 Advertisements
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Advertisement551 1987-01-31 10 am M N aai eatertala JP> /r=Z> Cf% PROMOTION At The Herttge Bar Jan.l-Feb.2B k Buy a bottle of HennessY X.O. (70d) at only $195 Nett (Usual $320) and get an exclusive ballpoint pen and hot snacks FREE! Plus Lucky Draw (on Jan. 27) and Grand Lucky Draw (on Fed.551 words
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Advertisement117 1987-01-31 10 Thunderstorm expected nightly from 8 pm except Sundays. Hold it, reach out for your umbrella. It's Thunderstorm, the band that'll be striking up. Come prepared instead for a downpour of latest hits any day from Bpm except Sundays, LCMMg? cn£Wvn •WMZ KHEL 270 Orchard Rraid. Smpporc 092.V let: 7J2 1111.117 words
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ASIAN STOCKS
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Article470 1987-01-31 11 TOKYO: After two weeks of steady gains, the Tokyo Stock Market average yesterday shot through the 20.000-point barrier in extremely heavy trading. The market average climbed 127.30 points to a record closing high of 20,048.35. Falling interest rates, Wall Street's rally and expectations of further gains have driven the470 words
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Article80 1987-01-31 11 JAM M 1 Uaiphii 2.10 unch Vulcan 0.006 unch 31 •0.5 Anglo Phil 0.006 0 0016 0.0675 0.0025 Apex Mining B AMaa Con. B 0.0675 ...20 -0.0025 -1 San Migual B Saafront 115 0.026 unch Baguio Oot<3 0.007 0.012 0.001 unch Picoo B PLOT 265 unch Banguat Con. B80 words
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Article442 1987-01-31 11 SYDNEY: Australian shares closed sharply weaker on continuing bearish sentiment, brokers said. They said the market was overdue for a correction and that further downward movements could be expected in the industrial sector with many stocks overbought in the recent bull run. At the close, the All Ordinaries Index442 words
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Article112 1987-01-31 11 JAM 30 VON ***** 600 2970 ■•■100 Kia Motor 1877 3880 •16 200 n aA li m |IH UflWIm iiIQ< < >>••■•■•••■••« 480 869 10 -6 Koraa Long Tarm Lucky Ltd 1635 1463 -6 3 Daewoo Haavy Oaiahin Sacurttiaa 1270 3700 loaoo -4 -60 -*-600 Ofiantal Brawary Ortantai Cham112 words
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Article152 1987-01-31 11 Reuter BANGKOK: The Stock Exchange of Thailand Index was down 0.05 to 209.92 on a turnover of 1,073,330 shares worth 149.7 million baht. JAN K BAHT Stam Camant Siam City 819 680 -12 unch Ayudhya Invaatmant 268 Bangkok Agro-lnd 75 SO Bangkok Bank 265 Bank Of Ayudhya 181 CharoongReuter - 152 words
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235 1987-01-31 11 UPI NEWS LTD, an offshoot of Rupert Murdoch's News International, appeared on Thursday to have won control of the Melbourne-based Herald and Weekly Times media group. Mr Murdoch was asked in a Sydney television interview on Wednesday night if he had won theUPI - 235 words
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189 1987-01-31 11 FT KOREAN AIR is to invest US$2 billion over the next five years in new aircraft, according to the South Korean flag carrier's president, Mr Cho Choong Kun. He said in a newspaper interview that the money would be spent on aFT - 189 words
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Article, Illustration617 1987-01-31 11 Reuter AFTER YEARS of living in the shadows of Japan s other electronics giants, Toshiba is striving for a place at the top. And one of the key strategies it is following is joining forces with its former foreign rivals. Toshiba, which chalked upReuter - 617 words
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Page 11 Advertisements
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Advertisement651 1987-01-31 11 Hongkong and Taipei markets wara closed yesterday dm H m Wffiet id wiae, date and > *5/Cf% THE YEAR OF THE RABBIT WITH 'YU SHENG' JANUARY 29 FEBRUARY 12 Foiowing Chinese tradition.-yusheng'. a raw flshsaiod will be offered as part of Ihe buffet in Plum's as wen as an a651 words
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Advertisement210 1987-01-31 11 Mutx nm* PEKING S, SICH-JAN RESTAURANT > (28/1/87 to 12/2/87) From $208++ upwards 1 i s 29/1 to 1/2/87 (12 noon 3pm) Adult: $15++ Child: $10++ 30 specialties inclusive of Peking Duck, Roast Beef, Raw Fish Porridge, etc. Fashion Show on 30/1/87 at 1.15pm, by Cinderella Modelling Agency. Sponsored by210 words
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448 1987-01-31 12 AFP HONGKONG'S booming tourist trade, which brought a record 3.7 million tourists into the colony in 1986, is fuelling a "sky war" between two local airlines. Hongkong's proximity to China, a major attraction for travellers, and the British colony's planned returnAFP - 448 words
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Article3392 1987-01-31 12 The following ai ro Thursday's closing prices Qr*s Qr*a Nat 1* mm Last Dtv ON rw Ml Val Day M* Law Cniapawy Sato +ar» C*w room M0I Lav SECTION ONE MOUSTRIAL i COMMERCIAL 180 56 Acm* 140 i 4.0N 2.8 m 3 140 137 82* 48 Alcorn 63 147 56%3,392 words
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Article, Illustration721 1987-01-31 12 FT CATHAY PACIFIC Airways is one of the major regional scheduled passenger and cargo airlines in the Far East, serving many major cities worldwide with a fleet of RollsRoyce powered Boeing 747 jumbo jets and Lockheed Super Trlstars. It is the "flagFT - 721 words
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270 1987-01-31 12 AFP INDONESIA'S diversified state tin-mining company PT Tambang Timah made a net profit of about U5521.05 million in 1966. Its president, Mr Sujatmiko, aaid on Wednesday that the company'a tin operations were making a small profit but declined to compare tinAFP - 270 words
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Article672 1987-01-31 12 LAST FULL YEAR Cow OaM Teor NM EPS Gram Nat announced —dhg lean*) dh> profit la* yaor ($•000) Potmco Hldgs Finol Sep 30 Jun 86 58 3.0TE 8,694 Peak Hua Interim Oct 9 Dec 86 8.1271 F*d Cable* Interim Jun 87 6.1751(0 S J Amol Interim Dec 19672 words
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COMPANY NEWS
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Article, Illustration347 1987-01-31 13 Reuter BRITISH BROADCASTING Corporation (BBC) director general Alasdair Milne resigned on Thursday, a move which follows charges of news bias and a series of controversies at the state-chartered television and radio network. The BBC said in a statement that the 56-year-oldReuter - 347 words
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312 1987-01-31 13 MARINE-BASED Chuan Hup Holdings would reap an extraordinary gain of $3.07 million for the group arising from the disposal of its interests in Lityan Holding Pte Ltd. Disclosing this in a reply to a query from the Stock Exchange312 words
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286 1987-01-31 13 TRADING GROUP Dah Yung Investment said its case against Asiatic Fortune in Hongkong to recover $8.16 million is now subjudice and therefore could not furnish the information required by the Stock Exchange of Singapore. The traditional gas manufacturer which also has trading286 words
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Article238 1987-01-31 13 KHONG GUAN Flour Milling Lid: Group pre-tax profits, after share of losses from associated companies were higher at $863,000 (from $720,000) for the six months ended Oct 31, 1986. Consolidated turnover was 29 per cent lower at $4.22 million (from $5.99 million). After-tax profits but before extraordinary items238 words
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Article290 1987-01-31 13 JACK CHIA-MPH Lid's board has approved the appointment by Mr Liew Shou Kong of Mr Tong Chin (C L Chong) as his alternate director, effective from Nov 20. MALAYAN BANKING Bhd has appointed Mr Ahmad bin Mohd Don and Tuan Haji Ismail bin Zakaria as directors, effective from290 words
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1217 1987-01-31 13 NAJEEB JARHOM - By NAJEEB JARHOM THE 1986 PROFITS of three of the Big Four banks are expected to show varying degrees of improvement as against the average one-quarter fall in their year earlier earnings. London-based securities firm Smith New Court Far East has1,217 words
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Article109 1987-01-31 13 HONGKONG Hongkong Index Frtdoy Closed Thursday Closed Week ago *****0 All Industrials Friday 2357.3 Thursday 2371J Week ogo 2407 3 NEW YORK Hang Song Index Friday Closed Thursday Closed Week ago 2499 43 Dow Jones Thursday *****1 Wednesday 2163.39* Week ogo 2145.67 TOKYO Nikkei Average Friday *****35* Thursday109 words
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Article330 1987-01-31 13 Company RIGHTS ISSUE Bedford One-for-one Q $050 per share Bon vests Hldgs One-for-four $065 per share C 1 Holdings 27 million loan stocks in the ratio of (3 loan stock for every five ordinary shores held City Dev One-for-four (1.40 per share Kghts issue of bonus with warrants330 words
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Article364 1987-01-31 13 Current b Books Dole Total lar Total tar piyrntfil Ma does peyatoto Iw year toal yeor A 1 N I3%%l Aug 19 NYA. NYA 13V.% 27% AMOK 1 3%lbl Dec 22 Jan 6 Feb 6 13% 2% Ayor MoMc 20% ion 20 Feb 4 Feb 23 20% 20%364 words
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Article549 1987-01-31 13 THE MARKET yesterday regained its composure after Thursday's late sell-off to trade mixed in sluggish early business. At 0915 GMT, the FTSE 100 Index was up 1.2 to 1,799.3. By 0942 GMT, further buyers had entered the market to help push the FTSE 100 Index 5.3 points higher549 words
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Page 13 Advertisements
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Advertisement305 1987-01-31 13 IN THE MATTER OP THE COMPANIES ACT, CAP. IK AND IN THE MATTER OP SOONREN CIVIL ICE CONSTRUCTION PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of SOONREN CIVIL ENGINEERING CONSTRUCTION PTE LTD duly convened and held at 2 Flnlayson Green #12-03, Asia Insurance Building,305 words
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428 1987-01-31 14 President shedding her soft approach to politics Reuter, UPI THE GOVERNMENT of President Corazon Aquino plans to arrest up to 100 civilians, including well-known political figures, for involvement in this week's attempted military coup, a chief aide said yesterday. The revelation byReuter,; UPI - 428 words
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Article98 1987-01-31 14 Reuter THE COMMUNIST rebel National Democratic Front (NDF) said yesterday it was withdrawing from peace talks with the Philippine government. The talks were suspended last week when 15 peasant demonstrators were shot dead by troops outside the presidential palace. In a statement at aReuter - 98 words
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316 1987-01-31 14 Reuter CHANGES IN US tax laws since 1981 will save individuals hundreds of billions of dollars during the period 1988-90. but will boost corporate tax bills, according to budget documents released by the White House this week. The tax changes will lower totalReuter - 316 words
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Article843 1987-01-31 14 AT CONVENTIONAL WHARVES Vassal Bsrth Agant Arrival Dapartura KEPPEL WHARVES Eastern Fuji K27 NTY alongside 0202/2300 Fengsheng K15 Y Fung alongside 31.01/2300 Frotario K18 Merlion alongside 31.01/0530 Koto Wangi K31 PIL alongside 01.02/0700 Mudanshan K32 Pit alongside 02.02/0600 Qinghecheng K29 Y Fung alongside 02.02/2300 Waheng K33 Sin843 words
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154 1987-01-31 14 Reuter JAPAN announced yesterday a record trade surplus for last year, despite the soaring yen which ia pushing unemployment higher and higher. The Finance Miniatry said the 1966 current account, the balance of all gooda and services traded, soared to a record surplus ofReuter - 154 words
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Article116 1987-01-31 14 Reuter SOUTH KOREA announced yesterday that it was lowering tariffs and lifting import bans to ease pressure from the US to revslue the won against the dollar. Partly responding to US calls for lower tariffs on 121 items, the South Korean Trade Ministry saidReuter - 116 words
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Article, Illustration260 1987-01-31 14 IT WAS CLEARLY an event not to be missed even the persistent drizzle could not keep the crowds away from the Singapore River Hong Bmo show. Held on Wednesday, the eve of Chinese New Year, the show turned thePictures by MAZLAN BADRON - 260 words
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488 1987-01-31 14 Reuter OIL PRICES sagged in Europe after the Islamic summit ended without any solution to the six-year-old Persian Qulf war between Opec members Iraq and Iran. But prices crept higher on the New York Mercantile Exchange on Thursday asReuter - 488 words
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185 1987-01-31 14 Reuter PRESIDENT P W Botha said yesterday that South Africa would hold a whites-only general election on May 6 and faced a mounting rebellion in the top ranks of the ruling National Party (NP). The election, announced in a speech at the openingReuter - 185 words
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Article86 1987-01-31 14 Reuter COMEX GOLD FUTURES rebounded quickly yesterday after breaking through the psychological support of US$4OO.OO in the morning on heavy liquidation. Spot gold recovered to US$4OO.OO an ounce, after plummeting in opening business to U*****.00. Silver futures fell on selling generated by weakness in gold andReuter - 86 words
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Article59 1987-01-31 14 Reuter A STRONGER DOLLAR, following better-than-expected December merchandise trade figures, proved a slight negative to the Wall Street market yesterday, where many recent gains were posted by companies that benefited from a lower dollar. The Dow Jones Industrials fell two points 2158. Declines led advances by aReuter - 59 words
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LATE FILE
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Article36 1987-01-31 14 AP THE United States accumulated a U*****.8-billion trade deficit in 1906, Ha largest ever, but a sharp improvement in trade in December kept it from soaring even higher, the government reported yeaterday. APAP - 36 words
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Article66 1987-01-31 14 Reuter SWISS watch exports, hit by the falling dollar, dropped alightly in value last year after record 1965 figurea, even though the number of timepieces sent abroad roae by 6 per cent, the industry said yeaterday. Exporta for the year totalled 4.27 billion Swiaa franca (U552.64Reuter - 66 words
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46 1987-01-31 14 Reuter INTERPOL, the International Police Organisation, has agreed to set up its Southeast Asian office in Bangkok, the Thai Foreign Ministry said yesterday. Interpol preeident John Simeon will sign the agreement in Bangkok next week, a ministry spokesman told journalists.Reuter - 46 words
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Article40 1987-01-31 14 UPI THE SOUTH AFRICAN government has published new curbs on press reports and advertisements supporting the outlawed African National Congress and gave the national police chief authority to censor reports on "any matter". UPIUPI - 40 words
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Article62 1987-01-31 14 Reuter PRIME Minister Yasuhiro Nakasone suffered his biggest drop in popularity since taking office in 1962, according to a nationwide opinion poll published yesterday. The mass-circulation newspaper Yomiuri Shimbun said that only 38.1 per cent of thoee polled last weekend said they supported Mr Nakasone'sReuter - 62 words
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Article28 1987-01-31 14 Bernama MAJOR BANKS in Malaysia have reduced their interest rates sgain, with at least four quotingbelow 5 per cent for savings accounts. BernamaBernama - 28 words
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Article25 1987-01-31 14 Reuter CHINESE Premier and acting Communist Party secretarygeneral Zhao Ziyang advised his countrymen yesterday not to press too fast toward democracy. ReuterReuter - 25 words
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Article29 1987-01-31 14 UPI PRESIDENT Reagan faces resignations by key Cabinet members if he does not fire Donald Regan, his powerful chief of staff, the Boston Herald reported yesterday.UPI - 29 words
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Article35 1987-01-31 14 AFP BRITAIN'S new satellite television network. Super Channel, made its debut on Friday at 1930 GMT, sending programmes to more than 5m homes in UK and 10 other European countries. AFPAFP - 35 words
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Article38 1987-01-31 14 Reuter IRAQ said yesterday its warplanes attacked two Iranian cities in retaliation for shelling of its towns and vowed to press home such raida until Tehran accepted a just solution to their conflict.Reuter - 38 words
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Advertisement57 1987-01-31 14 Business »r--mn >• *V. ?s A WHAT'S NEXT. DOC? Ml tW \r%r <!& Building on hopes S'pore developers in China What's next, dec? —eleven Rabbit Year wishes, e All that glisters in the e The A-B-C of charting: A new column, the making of swccessfvl e Another great way to57 words
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Page 14 Miscellaneous
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Miscellaneous43 1987-01-31 14 WMm Report lor 24 hours prior to 7.90pm on Jan 90 at tho airport Maximum tomporaturo 20.7 Associated humidity 66 Minimum tomparatura 23.8 Aiaociatod humidity 62 Hours of sunshina 2.00 Rainfall In millimatras 0.3 Rainfall this month 566.6 Rainy days this month 1743 words
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