The Business Times, 9 May 1987
1987-05-09
1
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The Business Times
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Title Section13 1987-05-09 1 BUSINESS TIMES M.C. (P) No. 112/12/86 Weekend Edition, May 9-10, 1987 75 CENTS13 words
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Article, Illustration219 1987-05-09 1 Stock market AVI MO and Parkway took centre stage yesterday as the Singapore stock markst consolidated its recent gains. The ST Industrial Index was up 1.01 points to 1,142.36 while the BT Composite Index added 3.83 points to 1,012.45. Turnover roee to 45.88m shares worth $99.11m from219 words
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Article, Illustration492 1987-05-09 1 ALVIN TAY, LUCY NG - Agreement expected to be signed in the next two months By ALVIN TAY, LUCY NG CHASE MANHATTAN Bank (Singapore branch) has clinched an in-principle agreement to take over Bank of America'a Viae card centre here, a development which will strengthen its492 words
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526 1987-05-09 1 JEFFREY TSANG - By JEFFREY TSANG ALL THE 13 banks that provide electronic funds trsnsfsrs ssrvices to consumsrs are in the process of msking changes to the terms snd conditions in the us* of such services to mske them more526 words
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Article, Illustration332 1987-05-09 1 A Dash of Gold and beauty FOR THE PRIVILEGE of dining and dancing with Miss Universe hopefuls, a few hundred top earners will be collectively contributing between $75,000 and $100,000 to charity and, incidentally, end up paying less tax. Who these people are remains classified information. To find out. you332 words
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214 1987-05-09 1 Agencies THE TOKYO Stock Market surged to record heights again yeeterday, banishing nervoueness and uncertainty that had hampered its progrees over the laat two weeka, brokers said. The 225-ehare market average soared 381.68 to a record doee of 24,569.23. On Thursday, theAgencies - 214 words
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Page 1 Advertisements
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Advertisement208 1987-05-09 1 Nikon THE WORLD'S FINEST, PHOTOGRAPHIC SYSTEM INSIDE OUR VIEW MOTHERHOOD IS A PHYSICAL PROCESS imbued wHh divinity because mothers are, literally, creation. It is therefore that motherhood is the basis of some of the most lasting religious and literary motifs. Tomorrow is Mother's Day. In the midst of the presents208 words
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Advertisement199 1987-05-09 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC Collecting: Going to great depths for antiques Page 9 Don't Imvi office without it.. Pan Or Christopher Hill on Milton Ngi 10 Overflowing with milk and tummy Page 10 TV programmes for today and tomorrow Page 10 Guinness, Connery and Rk) Bravo Page 10 Waiting199 words
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HOME NEWS
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Article529 1987-05-09 2 BOEY KIT YIN - Benefits for suppliers and MNCs By BOEY KIT YIN A ONE-YEAR-OLD scheme started by the Small Enterprise Bureau (SEB) to encourage multinationals to help local suppliers upgrade has resulted in substantial savings and benefits for participating companies. This was clear from the results disclosed in a529 words
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440 1987-05-09 2 LUCY NG - By LUCY NG A JOINT VENTURE between Westinghouse Electric Corporation and Keppel Corporation has won a $25.8 million contract to design, supply and install a peo-ple-mover system (PMS) for Changi Airport. The project, awarded by the Civil Aviation Authority of Singapore,440 words
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Article, Illustration407 1987-05-09 2 VhiS YEAR'S National Day Carnival promises more entertainment and more fun, with activities ranging from gymkhana to gokarting. For businesses, the carnival could mean more than one million potential customers, to whom they could sell anything from a packet407 words
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Article, Illustration279 1987-05-09 2 MARTIN CRAVEN and Winston Ng Yak How have been appointed directors of N M Rothscild and Sons (Singapore) Limited. Mr Craven, who heads the investment department of the merchant bank, has investment management experience in the East Asian markets. He joined the bank in 1984 as an279 words
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266 1987-05-09 2 PLANS ars underway to build a second antenna at the new Bukit Timah satellite earth station, which was recently completed at a coet of $30 million. According to the Telecommunication Authority of Singapore, a 21m antenna is due to be ready266 words
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442 1987-05-09 2 BUSINESSMAN Liu Cho Chit convicted recently for offering a $1 million bribe to protect the late National Development Minister Teh Cheang Wan from being implicated in graft investigations, has been stripped of the Public Service Medal given to him in 1965. A one-paragraph announcement442 words
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284 1987-05-09 2 LIM SOON NEO - By LIM SOON NEO THE MASS RAPID TRANSIT Corporation (MRTC) yesterday appointed property consultants Colliers International to handle the marketing and leasing of 6,680 square metres of shop space in 20 MRT stations. The immediate task of Colliers is to prepare284 words
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222 1987-05-09 2 THE CONSTRUCTION Industry Development Board may set minimum qualification requirement* for workers and supervisor* employed by contractors under its registration system in the future. The Government might also consider the need to require contractors to employ a minimum number of properly certified222 words
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Article965 1987-05-09 2 AT CONVENTIONAL WHARVES KEPPEL WHARVES i Arrival D*m*m Alfesoni K19 alongside 10.05/2300 Borussio K30 alongside 09.05/1700 Kokos *20 alongside 10.05/0600 Koto Mojo K31 alongside 12X15/1830 Ned Singapore K18 alongside 09.05/0700 Ove Skou K32 olongside 09.05/0600 Seizon Moru K20 alongside 09.05/1830 Straits Hop* K25W alongside 10.05/0600 Straits Pride965 words
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Page 2 Advertisements
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Advertisement56 1987-05-09 2 BT welcomes announcements of senior personnel changes in your organisation. Please send details to The Editor, Business Times, 390 Kim Seng Road, Singapore 0923; or call Miss Sakina Dhilawala (Tel: *****18), if you have queries. Photographs of the people involved should be In black and white. WORLDWIDE EXPRESS Prompt pick-up56 words
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OVERSEAS
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399 1987-05-09 3 Reuter THE US SENATE'S key trade lawmakers on Thursday approved a major bill which they said would open foreign markets to US goods and force President Ronald Reagan to retaliate against unfair trade practices. The Senate Finance Committee's vote of 19 toReuter - 399 words
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260 1987-05-09 3 NYT SOUTH AFRICAN President PW Botha, after widening his parliamentary majority in whites-only elections on Wednesday, said on Thursday that he had won a mandate for security measures and gradual reform. "The outside world must now have a clear picture that they cannotNYT - 260 words
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Article867 1987-05-09 3 ARRIVALS Operator g JtfVlCt numbor LQCQI Mm* From SU SQ41 0615 MAA MK MK746 0730 M«U SIA SQ411 0620 BOM MAS MH661 0620 Km KAL KE624 0640 KUL SV SV396 0910 JED/RUH MAS MH811 0910 PEN MAS MH671 0920 KUL AC aos> 0925 YYZ/LHK/IOM CPA CX710 1015867 words
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427 1987-05-09 3 Reuter INDONESIA'S conservative economic management has won the country praise and financial backing from the International Monetary Fund (IMF), the Wodd Bank and commercial banks, according to westsrn bankers and financial analysts. Indonesia has been rewarded with new credits totalling US$l.26 billion over the ptttReuter - 427 words
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347 1987-05-09 3 Reuter AUSTRALIAN Prime Minister Bob Hawfce warned the business community sgsinst unrealistic expectations as the government put the finishing touches on s mini-budget to be announced next week. Hawfce told the Australian Mining Industry Council on Thursday that the government would balance tough economicReuter - 347 words
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210 1987-05-09 3 Reuter INDONESIA will not revise historical accounts of its flsmboysnt first president Sukarno, s top Cabinet official said, in an apparent policy switch following national elections last month. Education and Culture Minister Fuad Haasan told newsmen after meeting President SuhartoReuter - 210 words
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Article, Illustration732 1987-05-09 3 Reuter US GOVERNMENT officials hope leading induatrial nationa can keep recesaion at bay and prevent turbulence in financial markets until action ia taken to curb world trade imbalancea thia summer. Top industrial powers made commitmenta in February to booet domeatic apending, endorsedReuter - 732 words
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Article508 1987-05-09 3 AFP PROSPECTS OF mora sluggish growth and uncertainties linked with threats of a trade war, the sliding dollar and riaing US intersst rates have altered the focus of next week'a economic summit of 24 industrial nations in Parie. Members of the Organisation for EconomicAFP - 508 words
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Article, Illustration818 1987-05-09 3 AP CHINA it stepping up its attacks on neighboring Japan, once a bitter wartime foe that has become this communist giant's most important trading partner. A dispute over real estate, a chronic trade deficit and chargee of neo-militarism are castingAP - 818 words
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Page 3 Advertisements
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Advertisement62 1987-05-09 3 fI y XI Ifl 1m The business person's choice, every I J II 111 1 Tuesciay, Thursday, Saturday and I 1 1 wI I I Sunday. Leaving Chongi Airport at I V, _J I \y y_L 1 JL 22:05 hours and arriving at Lester B Ptearson International Airport the following62 words
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Page 3 Miscellaneous
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Miscellaneous73 1987-05-09 3 Doonesbury AMB9CANS SPEAKOUT Adourve PEBT. mm, K 1 Bud 7< 3MB VOU PONT GET SQMETHN& FOR NOTHING IN IMS WORLD, YOU KNOtU? SOONER OR LATER, ITS GOING TO OUCH UPMJfTH YOU/ c •m i f~* v V\ n— -T -< Vfz BY GARRY TRUDEAU SURE, IUORKY ABOUT m going to73 words
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WORLD BACKGROUND
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Article, Illustration832 1987-05-09 4 Reuter DEMOCRACY, out of fashion in the Philippines for much of the last 20 years, will be ushered back next Monday in elections that mix hope with the fear that in the end, in spite of the campaignReuter - 832 words
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489 1987-05-09 4 Reuter SRI LANKAN President Junius Jayewardene, struggling with a rebellion by Tamil separatists, must now also contend with a threat to topple his government by a radical group from his own Sinhalese community. Mr Jayewardene said earlier this week that the JanathaReuter - 489 words
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606 1987-05-09 4 NYT CAN THE US continue to provide the leadership required to keep the work! economic end financial system stable and growing? Paul Straeten, Profeaaor Emeritus at Oxford University, speaking at Harvard University this week, expreeeed his anxiety that the Pax Americena. aetabliahed atNYT - 606 words
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COMMODITIES
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Article256 1987-05-09 4 HONGKONG: Gold cloeed easier in fairly quiet trading yesterday, mainly on late overseas selling. Reports Japan might sell surplus gold bought last year for the Emperor Hirohito memorial coin dampened interest The metal ended at U*****.70/U*****.20 an ounce against the U*****.50/U*****.10 close in New York and the U*****.50/U*****.00256 words
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Article152 1987-05-09 4 WHEAT FUTURES In Chicago closed with contract highs in all months on Thursday, in a range from 6-1/4 US cents a bushel to 6-3/4 higher, with spot May up 8-3/4 at US$3.O4. Trade talk that the Soviet Union was in the market for one million tonnes of US wheat152 words
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Article450 1987-05-09 4 Crude palm oil futures advanced in increased activity on the KLCE yesterday on covering support and firmer overnight Chicago soyabean oil prices. Sentiment was aided by news that India had bought palm oil at its weekly tender on Thursday. May, June and July all closed at M 5723450 words
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Article75 1987-05-09 4 SOYBEAN FUTURES in Chicago on Thursday closed just below newly-estab-lished life-of-contract highs in September and remaining months, gaining 12-1/2 to 9-3/4 US cents a bushel with spot May up 12-1/4 at U555.52-1/4. Soymeal futures closed from US$5 a tonne to US$4 higher. Soyoil prices finished from 0.31 cent a75 words
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Article69 1987-05-09 4 THE pries of tin on tho Kuala Lumpur Tin Maftat roaa a cant to MS16.68 par Kilo ytfrtraay. An unchangad opanlng of M9ie.tr attaUaO bids of 129 tonnaa. Whan Via prtca roaa slightly, buysrs raduoad thslr bids to tha oftorsd laval to ghrs a final lumovar of 7769 words
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Article83 1987-05-09 4 (cant!/kg, 1-ton pain) JUNE 87 JULY 87 (currant month) (forward month) RAS NOON NOON Ivytn S#ll>n lvy«a S*H*n SSI 30 '75.00 177.00N 173.00 177.00N SSI 30 1 74.00 173.00N 174.00 175.00N MRELB Buy*n S*ll«n lvy«n S«U«n SMI cv 34).SO 243.50N 242.50 344JON SMI L 340.30 242.50N 241.5083 words
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Article150 1987-05-09 4 SINGAPORE The market closed lower yesterday with June 1 RSS buyers quoted at 197.00 cents/kilo, down one cent. Trading in TSR-20 was quiet. June and July TSR-20 closed at 168.50 and 169.00 cents/kilo, both down 0.50 cent. MALAYSIA The market closed easier at 229.50 cents per kilo for June150 words
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Article303 1987-05-09 4 RAS prices In S cmMg, FOB in bat* NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 203.50 204.5ON 202.00 203.00N Int 1 RSS J una 87 198.50 199.00 197.00 197 JO Int 1 RSS July 195.75 196.25 194.00 194 JO Int 2 RSS OP 187.75303 words
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Article281 1987-05-09 4 Chinese Produce FAMA Oa*g prtco* an May t 5V t13 Exchange Coconut oil (M*/ioo*e) 555 Jot 203 Siliri' noon doring p* few an Now drum 131.00 20% 195 Mot (SS/100 kg) 2nd hand drum 116M 25* L 190 Mk 117.00 35% 185 Coconut oil tocrikibdk ***** Broken Rice281 words
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Article332 1987-05-09 4 London M'dan/Suni otron ovdo Load i Commodity OF UK/tof»*fd<w»i May/Jww 3324pd (340.0*) Co* 4024)0/4034)0 Exchange My 335.Opd (4064)0/4094)0) *****/3534)0 M'rian MO F06 (*****/*****) Bvyw/Se«er dc •Mg pfteot on May 3174* (3074pd) Sotrionwm 4104)0(*****) May 7(t/tam i if vnm ootmg > mtmm ipedflod) prtco* In Jwto 315.0* (3124/314pd) Tono.332 words
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BANKING AND FINANCE
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489 1987-05-09 5 Reuter A US$l.6 BILLION FALL in Canada's official foraign reserves last month was a strong signal tha country's central bank has made an aggressive stand to defend the Canadian currency, money market participants said. The Canadian Finance Department snnounced this week that international reservesReuter - 489 words
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Article, Illustration644 1987-05-09 5 Bundesbank may cut domestic rates Reuter BUNDESBANK PRESIDENT Karl Otto Poehl, in a speech at Harvard University this week, signalled readiness to lower German interest ratee and a slight shift in currency intervention policy, economists and banking sources said. As a result, the German central bankReuter - 644 words
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205 1987-05-09 5 AFP CHINA'S foreign reserves have risen for the first time since 1964, the official China Daily newspaper reported yesterday. Foreign reserves stood at US$lO.B billion at the end of the first quarter of this year, up US$3OO million from the previousAFP - 205 words
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MONEY AND EXCHANGES
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Article25 1987-05-09 5 Treasury bills (moat ncm It IMN) Issue cod* Maturity Yesterday's yield Bid Offer IQ ***** T 6.8.87 2.83 278 Source: DBS Bank25 words
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Article576 1987-05-09 5 JUNE Eurodollar opened seven ticks higher at 98.56 after the better-than-expec-ted overseas participation in the final leg of Treasury refunding package. The Juns contract firmed to 02.56 before slipping off to the low of 92.54 on profittaking. However, the London International Financial Futures Exchange session saw further buying interest576 words
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Article241 1987-05-09 5 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels in quiet pre-weekend trading. Term rates were little changed from earlier levels of 7 6-7/8 per cent for one month, 7-1/4 7-1/8 for three months and 7-1/2 7-3/8 for six months. Asian dollar CO rates held steady at the241 words
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Article1209 1987-05-09 5 SINGAPORE: Sterling closed firmer on interbank buying yesterday after reports of the good showing by the ruling Conservative Party in local Britiah elections, while the US dollar closed mixed. Sterling touched a high of U551.6883 in the early afternoon but weakened slightly in late trading on reports the1,209 words
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Article, Illustration173 1987-05-09 5 Indicates the average of the prime lending rates of 12 ma|or banks in Singapore Interbank market rataa (offer/bid) on May 8 us$ DM SWFC Y«r 7 doy» *7/9 3/4 S/9 3/» 3 13/14 11/14 1 3/4 %/9 3 13/14— 11/14 1 M* IS/1* 13/u 1/t 3 13/14—11/14173 words
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Article102 1987-05-09 5 THE OVERNIGHT rate on the Singapore interbank market closed 1)4 point higher at sft per cent yeeterday. The term rates rose ft point acroes the board. S$ Interbank rotes at 7pm yesterday: Offer M Omt> 9 1/3 9 1/4 1-«Hrth 4 1/1 4 2-mn* 4 1/1 4 1102 words
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Page 5 Advertisements
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Advertisement259 1987-05-09 5 In the Matter of The Companies Act, Cap. 185 and SIN JAMES INDUSTRIAL (S) PTE LTD (In Member*' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Colombo Court #04-15, Singapore 0617, on Friday, the Bth day of May, 1867 at 10259 words
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Advertisement332 1987-05-09 5 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 185) AND IN THE MATTER OF ENG LEE HANG IMPORT A EXPORT PTE LTD (Incorporated in the Republic of Singapore) (In Liquidation) (Members' Voluntary Winding-up) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 101-A Upper Cross332 words
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Advertisement480 1987-05-09 5 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I Tok Yaik Hwee of No. 276 Yishun St 22 #*****, Singapore (2770), have applied for a First Class Beer House licence in respect of premises at M/s ÜBI Eating House at 325 Übi Ave 1. #01-707, Singapore (1441), and that this application480 words
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INTERNATIONAL STOCKS
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377 1987-05-09 6 Reuter US FEDERAL authorities have charged seven men with making a total of US$l in a stock manipulation scheme in which the over-the-counter stock price of s Californian company was inflated to 12 times its initial value. In a complaint filed inReuter - 377 words
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142 1987-05-09 6 FT TRAOINQ IN FOREIGN sharss recorded by the London Stock Exchange now accounts for a quarter of total equity turnover in London, Sir Nicholas Goodison, the exchange's chairman, said on Thursday. "It is clear that London's appeal as a centre for theFT - 142 words
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405 1987-05-09 6 Reuter WALL STREET stocks retreated in heavy trading on Thursday although beneath the surface analysts noted strength in steels, coppers and other cyclical issues. Worries about how heavily the Japanese would participate in the US Treasury auction restrained investors for most of the session.Reuter - 405 words
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Article122 1987-05-09 6 MAY 07 AbWbi Ct 36* 1* moo lot Prow Ptp* luM 28 1* Alcan Alum 40* 24 Algoma Si) .14* 18* Bank Nova Scotta.... 18* McMII BM 28 Bank Of Montr—i 33* 28* Bail Canada. 41* Moor* Corp 32 Bp Raaourcaa 48 Braacan OA 37 12* CampOl Laka 42122 words
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Article217 1987-05-09 6 MAY 07 Tonnaat 1160 20 Truat Bk 215 MOW rmiALt Un Staal Woottru 30 1860 unch unch A Alpha 1578 -28 Abareom AM! 336 1360 unch •16 Angtoa. 7380 28 510 aaoo 3300 unch ■•■200 60 unch unch •10 unch -6 uneh unch unch unch unch unoh Diy vuo<r.............217 words
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Article565 1987-05-09 6 MAY or rmmon Kodak ii* -2* NL Induat 7* 4-* EN Lilly M* -1* Nabaco Ri 61* Alcan Alumin Atooa. ASM M .....81* 16* ft r ri it Ml a r r» tr*o®in#ro M) Exxon Cp 29* 66* -1* Wa6 Plat tham. 67* 7* 1 ft AMad Sta565 words
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Article501 1987-05-09 6 Amsterdam MAY 97 ABN u 494.90 it (0.90 09 AJtoM 107 00 41 Afczo 1)1.70 +2.4 140.80 AMEV Amro Bank..... An BOad ML 70 78.90 131.00 uncft ■0.1 Bark* 13J0 BOL8 194.00 2 Boraumij Buahnwan Taii Caiva 140.00 *rode0SJO 796 +09 OJ 51 ao 04 Fokkar 41.00 ■05501 words
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128 1987-05-09 6 NYT RANDOM House has announced plans to buy one of the leading British book-publishing groups Chatto, Virago, Bodley Head A Jonathan Cape Ltd. It is the first purchase of a major European trade-book publisher by an American company. The announcement was made jointlyNYT - 128 words
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Page 6 Advertisements
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Advertisement410 1987-05-09 6 s I to and If Seconds are FREE and all bottle sales enjoy a 30% discount )ft£ 3 U 8 cove "Mather's Vjy JlllflPt May Dedicated to Mum is our buffet of delicious local specialities with all the ingredients for a true celebration. Adult: $12.50+ Child: $8.50+ (under 12 yrs)410 words
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Advertisement212 1987-05-09 6 FOR LATE No one could expect a stomach to survive the stretch between dinner and breakfast. The minute you feel the rumbles, head for shelter here. We have porridge potpourri. Hot and j K ~""fg steaming buffet to mf get you through the night for only $9.50. 'I feSflß (All212 words
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ASIAN STOCKS
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Article365 1987-05-09 7 HONGKONG: Late buying interest pushed share prices to close near the day's highs yesterday, carrying the Hang Seng Index above the 2,800 level again. The Hang Seng Index rose 19.50 points to end the day at 2,805.06 and the Hong Kong Index added 14.25 to 1,810.85. Turnover was HK$l.Ol365 words
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Article233 1987-05-09 7 HAY M All Sincara Indus NT t 4.04 -0.1 Kuochan Dav Laa Chang Yuan .37.40 42.70 -1.2 -2 Aaia Camant 48 90 •1.6 28 10 -1 8 Cathay Cons se.so -1.5 Nan Ya Ptaa 51.50 -2.5 Chang Hwa Bank 81.00 •0.5 38.00 -1.2 Chang Loong rkia 1 wm nun233 words
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Article444 1987-05-09 7 TOKYO: Share prices surged to a second straight record close in heavy trade yesterday as institutional investors snapped up stocks after the yen-dollar exchange rate steadied and recent market uncertainty abated. The market index rose 381.68 to a record close of 24,589.23 but had climbed to a record 24,610.96444 words
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Article78 1987-05-09 7 .1 i 1 hi i' Ortantal B 0 031 0 0675 -0002 unch Anglo Phil 1007 uncti Phi lax B 0.53 *0.01 Apax Mining B.. 0 0625 unch Pli)f 402 SO 2.5 Alias Con. B 22.50 -1 Btguio QokJ 0.0066 unch -0.001 •2 +a« <"*r> -0 001 Banguat Con.78 words
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Article454 1987-05-09 7 SYDNEY: New interest in industrial stocks offset profit-taking in the resources sector and pushed the Australian share market to another record close yesterday. The prospect of lower interest rates, especially after Thursday's rediscount rate cut, and a return to more sensible prices drew buyers back to industrials, brokers said.454 words
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Article103 1987-05-09 7 MAY M VON JL 1380 Chatl Sugar OmMid ind 3320 1030 30 +10 Kanowon Ind KlaMotor Kolon Ind. ***** 1730 4003 2243 800 10 12 DMWOO HMW Oiiihln S+cunttor Dong Ah Ptwr Dong Suh Slock. ***** f uc*y l m 1471 3840 ***** ***** 2400 28 unch +300 70103 words
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Article163 1987-05-09 7 Reuter BANGKOK: The Stock Exchange of Thailand Index roee 3.10 to 262.16 on a turnover of 2,514,376 shares worth 387.3 million baht. Reuter MAY m Ao Kham Thai BAMT unch *2 10 +2 Pod PUHMMOQ Saha Union -203 ....273 1013 unch 10 A yx^JI 1 l Bangkok AgrtHnd BangkokReuter - 163 words
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Article79 1987-05-09 7 Reuter ALLIED Properties (HK) Ltd, a Hongkong listed firm chaired by Lee Ming Tee, agreed to buy most of the properties held by another Lee unit for HKS349 million. Allied's chief executive officer, Paul Ng, said the firm has acquired two residential properties, one floor ofReuter - 79 words
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Article, Illustration364 1987-05-09 7 AP SOUTH KOREA hat formally opened its second integrated steel mill, boosting the country's total annual crude steel production capacity by 2.7 million tonnes to 17.5 million tonnes, or 84 per cent of present domestic steel needs. The opening of Pohsng Iron and SteelAP - 364 words
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201 1987-05-09 7 Reuter IBM Japan Ltd has formed a number of tie-ups and joint ventures with Japanese companies to boost salee to manufacturers and financial institutions. A recent link was made with Yokogawa Hokuehin Electric Corp to develop and market Jointly specialiaed computerReuter - 201 words
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112 1987-05-09 7 Reuter SONY CORP's parent company current profit ia expected to be around 36 billion yen in the year ending March 31, 1988, if the yen/dollar exchange rate remains at current levels. A spokesman said the profits were 36.45 billion yen inReuter - 112 words
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Page 7 Advertisements
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Advertisement775 1987-05-09 7 <Kre to wiac,diMi aM eaMla vvjf% Paramount Hoto/Whf* the happy people go mm !MU imi COCKTA*. LOUNGE Experience a new and refreshing concept in cocktail lounge entertainment" Experience The Gazebo. The frontispiece of Paramount Hotel, away from all the husde and bustle. A free flowing garden terrace in subtle shades775 words
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Advertisement220 1987-05-09 7 x ENTERTAINMENT HIGHLIGHTS OvodaSand i£\From the Philippines A sensational band that is slow numbers, favourite f 8 A HAPPY HOURS 12 noon Bpm m DISCOUNT on bottle rate* and premium brands Plus! Buy one and gel one free (CAIHNHILL HOTEL) 19 Cairnhill Circle, S'pore 0922. Tel: *****22 Fri, Sat eve220 words
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FEATURES
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Article551 1987-05-09 8 WHY IS MOTHER the most beautiful word in the world? One answer is to point to the beauty of the words that cling to it Mothers are love, care, selflessness and forgiveness. Even if a man were to poesess these qualities, mothers would still be551 words
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Article, Illustration688 1987-05-09 8 ASAD LATTF - By ASAD LATTF HE IS HONEST to I fault. Subifterged in empiriciam, he emerges cold, as cold aa the facts behind every conclusion. He has the right to be tired, hsving spent s lifetime gleaning truth from facts. But he is briskly impersonal, snd totally688 words
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347 1987-05-09 8 CONCERNED SHAREHOLDER - letters to the Editor CONCERNED SHAREHOLDER Deer Mr The Singapore Society of Accountants deserves commendation for its action to conduct sn inquiry into the sudits of the Pan-El Group. Ths professions! competence end integrity of accounting snd, indeed, of sny othsr professions! field should347 words
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212 1987-05-09 8 HOH WEIGHT WATCHER - HOH WEIGHT WATCHER Deer Staff the auditors of the Psn-EI companies had discherged their duties with ths care and diligence expected of them, they should hsve welcomed the Inquiry by the Singapore Society of Accountants ss the results of the inquiry should ones snd tor sll212 words
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Article63 1987-05-09 8 PATER CHIA - PATER CHIA Dmr Str We refer to the letter by "A Smell Inveetor" which appeared in BT. April 25. We note that he find* the Compeniee Handbook a useful tool and would like to add that the next edition will be available by the end of63 words
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317 1987-05-09 8 TAN LENG CHOW - TAN LENG CHOW As a shareholder of Pan-Electric industries, I fully support Madam Tay May Leng's letter commending SSA's Registrar and the choice of the two accountants investigating the Pan-Electric Industries accounts. Singapore will be a much better place to live in317 words
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265 1987-05-09 8 LAWRENCE C MAN - LAWRENCE C MAN Doar Mr Plaaas refer to the article "Empioyors to offset levy coats against pay" published in BT on April 27. I should bo grateful if I may bo allowed to elaborate furthor Just in csss thors may bo sny wrong ImpreaaJon oonvoyod.265 words
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Article100 1987-05-09 8 DAH L FICKES - DAH L FICKES We are trying to start an import/export businees and wish to make contact wtth compeniee in your araa. Wa would Ilka to correepond with people intor—tod in axporting product* to the Unitad BMn or importing products from the Unitod States Wa would100 words
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64 1987-05-09 8 YEO SIEW MAY - YEO SIEW MAY Thank you tor tha coverage given to Computer Engineering Systems Pte Ltd and Singapore Computer Systems Pte Ltd in your report*headlined "SIA gats full back-up system" (April 24, 1087). However, your article identified CES as Computer Engineering Ser- vicee instead of Computer64 words
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Page 8 Advertisements
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Advertisement164 1987-05-09 8 ■T watoMRM tottora from reactor*. Your letters must indudt fwllvl ■■■wo HnrfwWw your signature, full namo, addreaa, and homa numbars, If any. You may add a paaudonym, if you Addroaa your lottors to: Tho Editor, Buainoaa Tlmos, 980, Kim Sono Road, Singapore 0823. w 7 x K Businessnmes Whether you're164 words
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Page 8 Miscellaneous
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Miscellaneous778 1987-05-09 8 mmsmsb CRYPTIC PUZZLE ACROSS 8 Reading a trsnslation of "Super-man" (7) 9 Ba informed about on the blowar? (3, 4, 2) 13 Raprovad for having given one's evaluation (5) 14 Ifs still among tha finer thinge of life (5) 15 Later I change a number in It but It is778 words
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Executive Lifestyle
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Article272 1987-05-09 9 DOES A SALESMAN really know what it good for his customers or are things getting just a little out of hand in ths area of management seminars and conferences? In a recent incident the head of a training school in Singapore received a PERSONAL INVITATION (it272 words
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Article99 1987-05-09 9 TRENDS LAWRENCE Johweon wants to help Mm haptoee tourist who dossal know maty where ha to or what he's leaking at In Jatowon, al Comprahanalwa CommunlcsMons, toe, has a and planning tradMonal aaanto aim, aa «Ml aa tor vtoftaca vaHdng toe motoric dMrtoto af cMaa such99 words
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Article, Illustration1092 1987-05-09 9 BARRY V. ARNOLD - Philanthropy don't leave office without it BARRY V. ARNOLD [T HAS BECOME a rare day at American Express when a request for corporate sponsorship doesn't find its way to my desk. The appeals are as diverse as they are worthwhile, and it would be a wonderful luxury if we were1,092 words
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Article, Illustration1097 1987-05-09 9 LINDA CHEE - •y LINDA CHEE CAPTAIN Michael Hatcher, treasure hunter extraordinaire, likee to think that hia antique porcelain finda from aunken wrecks have brought antique collecting within the reach of ordinary people. "People who never thought of collecting from the investment point of view," he qualified.Captain Hatcher's picture by ARTHUR LEE - 1,097 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration872 1987-05-09 10 ASAD LATIF - PROFILE By ASAD LATIF IT HAS BEEN customary to think of history as something written from above. History was very much e tele of whet heppened in high plecee, of the stretegies of kings, of the lews thet werePicture by Lesley Koh - 872 words
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Article, Illustration975 1987-05-09 10 RICHARD SEAH - HEALTH By RICHARD SEAH THE HEADLINE was alarming: "Plan to get mora school children hooked on milk." The story, which appeared in The Straits Times last Thursday, was about plans by the Milk for Children Advisory Council to encourage more children to drink milk regularly,975 words
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400 1987-05-09 10 SHORT TAKES THE MIAMI Sound Machine takes the World Trade Centre by storm on June 22 when It gushes in for a charity performance. The Latin American pop group which invaded the dance charts with hits like Conga and Doctor Beat and soothed beating400 words
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Executive Lifestyle: Entertainment & the Arts
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Article, Illustration699 1987-05-09 11 JAIME LYE - STAGE ®y JAIME LYE AS IN BECKETT'S Waiting For Godot, on« waited. Like the character Hanako and her silk fan in Hanjo, one waited. For what? One still can't figure, because like Godot, it never came. Theatreworks director William Teo's fascination with all things Japanese and depressingpictures by Jonathan Choo - 699 words
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Article748 1987-05-09 11 Sakina Dhilawala - Compiled by Sakina Dhilawala CINEMA: Crocodile Dund'ee starring Paul Hogan. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15, Bedok: 1.30; 4; 7.30; 9.30, Broadway: 1.30; 3.30; 7; 9, Majestic: 1; 3.30; 7; 9.15, Odeon-Katong: 3.30; 7; 9, Regal: 1.30; 3.30; 7; 9.15. Unk— Elizabeth Shue, Terence Stamp. Showing at748 words
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Article, Illustration645 1987-05-09 11 MONICA GWEE - JEWELLERY By MONICA GWEE TRENDY CATS are not above a bit of gold these days. Very secure male individualists are brazenly flashing a new mark of macho "strong" jewellery. Not for these men the thick 22K yellow gold chains often associated with prosperous, older menpictures by K F Seetoh - 645 words
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Article, Illustration364 1987-05-09 11 Jaime Lye - CINEMA -by Jaime Lye IT'S ALMOST a sham* what they do to old actors these days. As If (-•(•gating thorn to guest shots on Tha Lovo Boat weren't enough, they make them go to punk cluba and Incite revolts in retirement hom«s just364 words
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Article, Illustration811 1987-05-09 11 JESSICA LONG - ART By JESSICA LONG WALKING into the exhibition of German kinetic art at the National Museum Art Gsllery is like entering a time warp. Whizz bang, back to the Beatles. I had gone, intrigued to see how kinetic art had developed since811 words
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Executive Lifestyle: Sports
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665 1987-05-09 12 Brian Miller - TMCk! ufltk D _l tain with Brian Miller JOCKEY K C NG may have bean the rage laat year. But, with the 1987 season fast approaching the halfway mark, the young hoop has yet to make a go for the665 words
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Article, Illustration312 1987-05-09 12 TENNIS Reuter YANNICK NOAH, the second seed end defending champion at the U*****,000 Tournament of Champions, said on Thursday he feels at home playing on the stadium court of the famous West Side Tennis Club at Foreat Hills. The 26-year-old Frenchman, speakingReuter - 312 words
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265 1987-05-09 12 Reuter WEST GERMAN teenager Steffi Graf cruised into the quarter finals of the Italian Open women's tennis tournament on Thursday with a cool 6-1 7-5 win over Sandra Cecchini of Italy. Unruffled by the partisan Rome crowd, the No 2 seedReuter - 265 words
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Article, Illustration502 1987-05-09 12 WALTON MORAIS - GOLF WALTON MORAIS A GLORIOUS five-iron bunker shot which sailed about 100 metres to within one metre of the pin won veteran M Marimuthu the 36-hole Yokohama Go ft Classic in a dramatic sudden-death playoff with Poh Eing Chong at Jurong yesterday.502 words
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421 1987-05-09 12 AP AUSTRALIAN Greg Norman, a painful playoff loser in the Masters, rode a short eagle putt to a 64 on Thursday and tied Payne Stewart for the first-round lead in the US$6OO,OOO Byron Nelson golf classic. Norman, who hasn't won in the US sinceAP - 421 words
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990 1987-05-09 12 MIKE THUMBA - BRIDGE By MIKE THUMBA Tlm opening leads and signals WHENEVER your right-hand opponent becomes the declarer, it will be your duty to make that opening lead before the dummy is spread. It is usually not a pleasant or enviable task in the partnership.990 words
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477 1987-05-09 12 UPI AUSTRALIA'S Vsughan Somers bundled Britsin's Nick Fsldo out of the US$4OO,OOO Epson Grand Prix match-play championship on the 6,091-metre St Pierre golf course in brilliant sunshine on Thursday. The 35-yesr-old from Brisbane notched seven birdies to pull off the surpriseUPI - 477 words
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Executive Lifestyle: Personal Investment
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710 1987-05-09 13 ROSIE TAN - SHARES BECinnER'5 A njRmWm By ROSIE TAN LIKE ALL good investors, you should have a clear idea of your objectives and limitations before you sink your first dollar into the stock market. You should set out as clearly and honestly as possible what you710 words
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Article, Illustration345 1987-05-09 13 Ramesh Chandiramani - *r Ramesh Chandiramani IN THEIR frenzied excitement to spot which will be the next "penny stock" winner, stock market investors have ignored Singapore-based counters, and have been concentrating their efforts on Malaysian stocks. That has created a useful pocket of value among local issues345 words
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362 1987-05-09 13 Ruth Corb,Jeremy Eckstein - ART *9 Ruth Corb,Jeremy Eckstein THERE HAS BEEN a steady week of activity, with a crosssection of sales, some of which are related to the Art Index sectors. Important English silver and furniture were on offer in London, which was also362 words
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Article, Illustration1203 1987-05-09 13 WILLIAM CHIA - FINANCIAL INSTRUMENTS By WILLIAM CHIA FUND MANAGERS around the world are turning increaaingly to the optiona and futures markets as a hedge against the high volatility of world markets. The traded option ia considered the most flexible, versatile inatrument available to the investing1,203 words
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1434 1987-05-09 13 TREASURY BILLS AND BONDS The newly-structured Singapore Government securities market provides the investor with the opportunity to invest in an instrument which is safe because it carries the credit rating of the Singapore Government It also offers that flexibility to1,434 words
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Page 9 Advertisements
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Advertisement18 1987-05-09 9 Buying power V t Real buying power at your fingertips. Call 732 2244 for an application form today.18 words
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Advertisement61 1987-05-09 9 m The Hour Glass Singapore's premier watch boutique with the largest range erf watches in 5 convenient locations When you shop at The Hour Glass you shop with confidence. You're assured of the absolute authenticity of every timepiece you buy, of professional advice, competitive prices, international guarantees and after-sales care.61 words
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Page 10 Miscellaneous
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Miscellaneous2663 1987-05-09 10 Classic westerns and British greats TOOAY: Kirk Douglas takes the Laat Train From QunhlH (8.30 pm, Channel 12) to deliver a superior Western that has a stubborn sheriff who is determined to bring his wife's killers to justice. v Sir Alec Guinness v is the mam draw in Centrestage s2,663 words
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Page 13 Advertisements
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Advertisement28 1987-05-09 13 BT welcomes Investment Ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.28 words
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SHARE INFORMATION
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Article, Illustration4262 1987-05-09 14 SOME LAST-MINUTE buying of blue-chip* and situational issues helped the Singapore stock market to recover from its day's lows yesterday. Avimo, Van der Horst. Parkway TSR and General Lumber were the hot favourites. The broader market, however, continued to cloee on a4,262 words
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Article194 1987-05-09 14 SINGAPORE Rises Indict Avtao 30# i5| j] f DBS 1340 J* WCIM n>i 100X02 101X49 M*. HUg. »Ti 40 "00/00 -72 N-*T- lab -f 40 Poitwoy H SO* 2M +24 -«>" -*099 170 +22 W0>V *****2 *****4 «hmtmSOt 2M 1« *****4 114X39 CUte l J2 -f i]194 words
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Article3822 1987-05-09 14 810 and offer price# officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".3,822 words
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Article123 1987-05-09 14 40th Storey, DBS Building. 6 Shenton Way, Singapore 0106, on Wednesday, May 13, at 11am. THE (MEAT EASTERN UFE AaaurawM Company Limited: 79th AGM at 65 Chulia Street #18-01, OCBC Centre, Singapore 0104, on Thursday. May 14, at 11.30am. METAN (SMOAPOftE) UmHed: 16th AQM at the Conference Room,123 words
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Page 14 Advertisements
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Advertisement10 1987-05-09 14 KL market report, Business don* on the KLSE, Pago 1510 words
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COMPANY NEWS
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364 1987-05-09 15 MBT PUBLIC BANK Bhd is expected to seal the sale and purchase agreement to take over the entire paid-up capital of Kuala Lumpur-based stockbroking firm, GP Securities, by next week at the latest. Sources said both parties had "more or less" ironedMBT - 364 words
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Article188 1987-05-09 15 REPLYING to queries from the SES, Cycle ft Carriage Ltd said it had sold 15 per cent of its 20 per cent shareholding in Pontiac Hotel Pte Ltd, owner of the Pavilion Intercontinental. It hopes to sell the remaining 5 per cent soon. When fully completed, the sale188 words
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213 1987-05-09 15 KEPPEL CORPORATION'S insurance arm, MMGU Insurance Pte Ltd, has entered the high-growth area of life insurance in partnership with NV Amev of the Netherlands. The partnership was formed in September last year when Keppel Corp sold a 40 per cent stake in its213 words
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135 1987-05-09 15 Reuter HENDERSON LAND Development Co Ltd is placing 132 million new shares, at HK$6.3O each, mainly on overseas markets. The placement is arranged by Baring Securities (HK) Ltd. A Baring official said his firm was responsible for 55 per cent of the placement, while SunReuter - 135 words
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323 1987-05-09 15 ELAINE KOH - By ELAINE KOH A GROUP of Emporium Holdings's creditors, owed about $6 million, has expressed unhappiness with the terms of repayment under the proposed scheme of arrangement and is planning to issue a statement next week on the matter. The 16 unsecured creditors,323 words
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Article, Illustration631 1987-05-09 15 AMY CHEOK - By AMY CHEOK CASH-RICH Straits Trading Co Ltd is finally going to flex some of its financial muscles. In his latest address to shareholders, chairman Tan Sri Tan Chin Tuan says the company with its substantial liquid resources is well-placed to seek and631 words
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417 1987-05-09 15 Bernama ES THE KUALA LUMPUR Stock Exchange (KLSE) has found no evidence of either insider trading or any syndicate involved in the heavy selling in four Malaysian counters last November. KLSE chairman Nik Mohamed Din Nik Yusoff yesterday said the KLSE had completedBernama ES - 417 words
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Article229 1987-05-09 15 Manogan' prices for May 9 11 Singapore Unit Trust Th* Cowrc* 1.09 1.16 Th* Savings Fund 092 0.98 S'por* Prog Fund 0.43 0.47 S'por* S*c Fund 0.74 0.79 S'por* lnv«(t Fund 0.78 043 S'por* Equity Fund 0.52 046 Asia Unit Trust Mai ln«Mt Fund 1.45 1-S3* Mal frog229 words
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Article106 1987-05-09 15 HONGKONG Hongkong Index Friday 1810.85 Thursday 1796.60 Week ago 1726.82 Hang Song Indox Friday *****6 Thursday 2785.56 Week ogo 2685 37 All Industrials Friday 2539.0 Thursday 2530.1 Week ago 2500.8 NEW YORK Dow Jonos Thursday *****6 Wednesday *****9 Week ogo 2286.36 TOKYO Nlkfcol Avorago Friday *****.23* Thursday *****106 words
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Article1027 1987-05-09 15 THE Conservative Party's success in Thursday's local elections and the drop of Barclays Bank base rate to 9 per cent following the Bank of England's green light for lower interest rates propelled share prices higher yesterday morning on the stock exchange. By midday, the Financial Times "Top 30"1,027 words
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463 1987-05-09 15 TRADING on the Kuala Lumpur stock market was mixed for the third day running yesterday despite keen buying in the afternoon session. However, support was selective aryj two-way price changes were posted at the cloee. Gains were generally more prominent. The focus463 words
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Article2424 1987-05-09 15 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS APmmkio (3408 ***** (2 342 191 350 ad Alow»2,424 words
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581 1987-05-09 16 SOH TIANG KENG - By SOH TIANG KENG, Financial Correspondent THE SINGAPORE capital market responded well yesterday to the first auction of Government bonds under the system of scripless trading and market-oriented yields. Bond dealers described the tender of five-year $500 million bond notes as581 words
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Article, Illustration643 1987-05-09 16 ANNA TEO - By ANNA TEO HWA CHONG Junior College (HCJC), set up in the early 70s by the Chinese business community, is to be torn down and rebuilt following the discovery of structural defects in its buildings. A study by a consulting643 words
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386 1987-05-09 16 Bernama THE MALAYSIAN government has obtained information that there are quarters which purposely try to undermine efforts to restors public confidence in it. Education Ministsr Anwar Ibrahim said yesterday. Theee quarters proposed various actions, including public interest litigation, to achieve their aims,Bernama - 386 words
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167 1987-05-09 16 Bernama THE MALAYSIAN economy is expected to grow 2 to 2% per cent this year if prices for Malaysian commodities continue to remain stable, Deputy Finance Minister Datuk Sabbaruddin Chik said. He was confident the present improved prices of commodities would persevere,Bernama - 167 words
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456 1987-05-09 16 Bernama HEADS OF ALL United Malays National Organisation branches in Keiantan have been asked to hold emergency meetings immediately to "cleanse" the branches of "wolves in sheep's clothing" who had gone against the consensus reached by Keiantan delegates in the April 24Bernama - 456 words
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291 1987-05-09 16 Reuter MANY TOP US business leaders see continued sluggish growth in major economies and a further fall in the value of the dollar in the year ahead. The Business Council, a group of chief executives of many of the largeet US corporations.Reuter - 291 words
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215 1987-05-09 16 Reuter JAPAN'S top economic planner warned yesterday that the government's economic growth target would be hard to reach and called for dramatic action to stimulate demand. Economic Planning Minister Tetsuo Kondo said he wanted the government to adopt a large supplementary budget by theReuter - 215 words
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649 1987-05-09 16 Reuter BRITISH banks yesterday announced cuts in key Interest ratee, by half a percentage point to 9 per cent as the authorities sought to restrain a rise in the value of the pound. The pound is buoyant on a bright economicReuter - 649 words
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Article93 1987-05-09 16 ASEAN COUNTRIES want developed countries to give wider coverage to agricultural products under the Generalised Scheme of Preferences (GSP) as theee are important revenue earners. Participants of the seminar on "GSP and other trade laws for Asean" in Kuala Lumpur said revenue from agricultural ex*93 words
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66 1987-05-09 16 Reuter VIETNAMESE leader Nguyen Van Linh has announced a fresh communist party purge and warned officials not to think his economic reforms would alfow a return to chaotic capitalism. The ruling politburo "will soon launch a vigorous campaign to purify the party" of corruptReuter - 66 words
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LATE FILE
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Article68 1987-05-09 16 Bernama ES THE BASE Landing Ratee of Bank Bumiputra Malayaia Bhd and Malayan Banking Bhd will be further reduced by 0.75 per cent from June 1. In a statement the Aaaociation of Banks of Malaysia said that with the reduction, the BLR for theBernama ES - 68 words
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Article56 1987-05-09 16 Reuter US UNEMPLOYMENT fell last month for the second straight month to 6.3 per cent compared with 6.6 per cent in March. The Labour Department yesterday attributed the drop to new jobs in non-agri-cultural business, which it said had increased by a bet-ter-than-expected 316.000, signallingReuter - 56 words
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31 1987-05-09 16 Bernama CURRENT developments in the United Malays National Organisation will not threaten Malaysian security, Deputy Home Minister Datuk Megat Junid Megat Ayub said yesterday. BernamaBernama - 31 words
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31 1987-05-09 16 Bernama INDONESIAN FOREIGN Minister Mochtar Kusumaatmadja said yesterday that Jakarta had offered to help the Philippines government solve the problems of the Muslim rebel movement BernamaBernama - 31 words
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Article31 1987-05-09 16 Reuter THE SECRETARY-GENERAL of the Commonwealth accused the European Community and Japan yesterday of causing poverty in the Third World through protectionist farm and economic poiiciee.Reuter - 31 words
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39 1987-05-09 16 AP JAPANESE bought a record 2,345 new cars from the US last year. The Minietry of Transport said yeeterday that registrations of Americanmade cars were up 29 per cent over 1985. APAP - 39 words
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Article42 1987-05-09 16 Reuter US DEMOCRAT Gary Hart, his front-running campaign for Preeident shattered by his relationship with s young aotress, was set to quit the race yesterday. His campaign manager in Illinois said that Mr Hart would pull outReuter - 42 words
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Article32 1987-05-09 16 AP A JAPANESE journalist, Shuitsu Henmi of Kyodo news service, haa been aaked to leave China within 10 days for allegedly obtaining national intelligence through illegal meana. APAP - 32 words
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Page 16 Advertisements
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Advertisement67 1987-05-09 16 BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, horse-racing, tennis, bowling, etc. And, of course, the all-round executive cannot afford to miss Sewy's golf date every Tuesday.67 words
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Advertisement0 1987-05-09 16 !!"">,/`&'/&,?+~*{-.'|&,;~<\'!(0 words
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Page 16 Miscellaneous
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Miscellaneous5 1987-05-09 16 wmm ■IMMW J*+(MMWM 'WWW SwavlbM5 words
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