The Business Times, 30 May 1987

Microfilm: NL15831
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 Weekend Edition, May 30-31,1987 75 CENTS
    12 words
  • Article
    FINANCIAL NEWS SUMMARY
    108 1 TOKYO STOCKS SHARE PRICES surged ahead on the Tokyo Stock Exchange yesterday in a favorable reaction to a new economic package announced by the government, driving a closely-watched market indicator to an all-time high. The 225-stock Nikkei Stock Average, a 106.10-yen loser the previous day, gained 338.74
    108 words
  • Article
    Lock icon Nakasone says yen stabilising against US$
    263 1 AP Reuter JAPANESE Prime Minister Yasuhiro Nakasone said yesterday that the yen finally appeared to be stabilising against the US dollar after rising steadily for nearly two years. Following a week-long trend, the dollar strengthened against the yen in Tokyo again yesterday, closing at
    AP; Reuter  -  263 words
  • Article
    Lock icon Ex-OTB chairman pleads guilty
    80 1 Reuter HUANG TIONG-CHAN, former chairman of Hongkong's Overseas Trust Bank, pleaded guilty yesterday to charges of publishing false statement with intent to deceive members or creditors of the bank. He was released on bail and will be sentenced on June 19. Huang was accused of publishing
    Reuter  -  80 words
  • Article
    Singapore still a good place for business
    774 1  -  Risk-evaluation firm gives Republic the fourth place By ANNA TEO IN TERMS of business risk, Singapore is still a top-notch place in which to operate, now and over the next five years. But its ranking as the world's third-best spot has been taken
    774 words
  • Article, Illustration
    China will be a developed country by 2000 — Deng
    296 1  - China will be a developed country by 2000 Deng By FOO CHOY PENG CHINESE paramount leader Deng Xiaoping yesterday forecast that his country would reach the status of a medium-level developed country which could be a force of world peace by the beginning of the next century. In an unscheduled
    296 words
  • Article
    Clearer party-government lines
    180 1 CLEARER LINES between party and government functions would be drawn by the Chinese leadership after a major party congress in October, Chinese Premier Zhao Ziyang suggested to First Deputy Prime Minister Goh Chok Tong yesterday. But China, he added, could not simply ape the West in its
    180 words
  • Article
    S'pore, Canada air talks — working far into the night to strike a deal
    299 1 S'pore, Canada air talks working far into the night to strike a deal CRUCIAL NEGOTIATIONS were still going on at 10.30 last night between the civil aviation authorities of Singapore and Canada, the outcome of which will determine the fate of Air Canada's flights to Singapore. Should the two teams
    299 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      289 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Tl»« Japan*** packaga, Pag* 3 INSIDE WHAT TOP corporate executives can learn from baboons is the art of making friends to survive the jungle warfare of corporate life. So says a leading stress researcher in Texas. The question, however, is how far the learning
      289 words
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      Page 1 Advertisements Column 2
      147 1 BT hat a new facsimile number *****71. Plaasa use this new line for facsimile transmissions. Moutne Pie Ltd 989 Bukit Timah Road. 3rd Storey Building 9, Singapore 2158 Tel *****66 ri' T There are all sorts of occasions (jrive Business ulltS when a Cross emblem pen can TViaf T Qcf
      147 words
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      Page 1 Advertisements Column 3
      80 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Cool cats off the baize Page 9 Cheep food for commercial thought Page Class, crass, and yes, that's entertainment! Page 10 TV programmes for today and tomorrow Page 10 Taylor, Burnett and The Longest Day Page 10 Tram Seeing the world on two wheels
      80 words
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  • HOME NEWS
    • Article, Illustration
      Import of fresh milk tops 4m litres
      542 2  -  By ROSIE TAN THE TASTE for fresh milk is catching on in Singapore with consumption increasing by 30 per cent between 1984 and last year. Trade figures show that Singapore imported a record 4.7 million litres of fresh milk last year, most of
      542 words
    • Article
      MEMO-PAD
      317 2 Seminars and courses DURATION Jun 6 Jun 8 Jun 8 (commencement dote) Jun 8 (commencement dote) Jun 8-10 Jun 8-10 Jun 8-10 Jun 8-12 TITLE legal Powers of Corporate Entities, Their Directors and Officers on Commercial and Financial Transactions The Realities of Justifying Office Automation Core Skills for Effectiveness
      317 words
    • Article
      Need to think long-term when planning country's future: Eugene Yap
      356 2 AN ABLE GROUP of right-think-ing leaders with a long-term perspective when deciding Singapore's future is necessary if the country is to survive, says Mr Eugene Yap, Senior Parliamentary Secretary (Trade and Industry and the Environment). Sometimes, their decisions meant some
      356 words
    • Article, Illustration
      ROV noise ruling unlikely to affect prices of new cars
      352 2 THE PRICES of new cars are expected to remain unchanged in spite of a new Registry of Vehicles (ROV) ruling on permissible noise levels. According to a few car importers, only a very small fraction of new cars will emit
      352 words
    • Article, Illustration
      Pawnshops chalk up record business in first quarter
      420 2  -  By LEE HAN SHIH CONTRARY to the popular belief that pawnshops only thrive during bad times, Singapore's pawnbrokers chalked up record business in the first quarter of this year, a period when the economy showed its strongest gain in two-and-a-half years. In
      420 words
    • Article
      SHIPS IN PORT
      909 2 AT CONVENTIONAL WHARVES Noga Joya Semurna Abodi J3 J2 alongside olongside 3005/2300 30.05/2300 VmmI fleilli i Arrival Tarokan J10 alongside 30.05/0700 Dw! Ill Aseon Trader J10 30.05/1530 02.06/2359 KEPPEL WHARVES Aulia Seraya J9/10 30.05/0730 31.05/2200 Cflty K35 alongside 02.06/0600 Owi Doya Jl 30.05/0600 31.05/2300 Jiang men K29
      909 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Reagan to ask industrial nations to spur economies
      440 3 Reuter PRESIDENT RONALD REAGAN will ask leaders of Allied industrial nations at the annual economic summit to spur their economies in return for a US promise to put its economic house in order. Mr Reagan previewed his strategy at the summit, which
      Reuter  -  440 words
    • Article
      Lock icon Foreign investments in US soared to a record in 1986
      324 3 Reuter FOREIGNERS spent a record U5531.47 billion last year to buy or start up US businesses, a sharp 36.2 per cent increase from 1985. The US Commerce Department in Washington said yesterday that European, Canadian and Japanese investors accounted for
      Reuter  -  324 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      775 3 ARRIVALS Operator Sorvic* number Local tim* From MAS SIA UA MAS CAL SIA MK SU AAAS KAL SV MAS MAS AC CPA MA GU SU SU SU SU THAI MAS GU SU SU GU SU SU SU GU SU GU SU SU THAI SV THAI CPA KLM
      775 words
    • Article
      Lock icon Thai trade team shopping for American goods
      260 3 Reuter THAILAND, along with the other South-east Asian and Pacific Rim nations, is actively seeking expanded trade ties with the US. Agricultural processing, chemicals, pollution control, electrical and computing equipment top the shopping list of products and technologies sought by a Thai trade
      Reuter  -  260 words
    • Article
      Lock icon Congressmen taking president to court
      217 3 AFP TWO DEMOCRATIC congressmen are suing US President Ronald Reagan to keep him from unilaterally launching a first-strike nuclear attack. The suit "is necessary because we have a president who hasn't read the Constitution recently,'' said Representative Don Edwards, chairman of the House judiciary sub-com-mittee
      AFP  -  217 words
    • Article
      Lock icon Conservative group donated US$1m to stall peace movement
      312 3 UPI THE CONSERVATIVE Heritage Foundation has donated as much as US$l million to right-wing organisations in England and other countries in an effort to stop the peace movement in Europe, a magazine said. In an article in its June 6 issue published
      UPI  -  312 words
    • Article
      Lock icon Fancy owning a submarine?
      168 3 AP DOES ANYBODY want to buy a submarine? There is one for sale "safe, reliable and excellent for either surface or underwater passage" according to an advertisement in the New York Times. The unidentified seller said in his advertisement that the submarine was an item for
      AP  -  168 words
    • Article
      Lock icon Japan unveils US$43b economic package
      548 3 UPI THE GOVERNMENT of Prime Minister Yasuhiro Nakasone yesterday announced a US$43 billion "ambitious" economic package designed to reduce Japan's huge trade surplus and ease its friction with the US and other trading partners. The 11-point programme, approved at yesterday's Cabinet meeting, was formulated "in
      UPI  -  548 words
    • Article, Illustration
      Lock icon Aquino still committed to land reform
      389 3 Reuter PRESIDENT CORAZON AQUINO told farmers yesterday that she was still dedicated to land reform in the Philippines, after backing off from the more radical proposals in a controversial land redistribution scheme. "It must be sustainable and effect a real and durable improvement in
      Reuter  -  389 words
    • Article
      Lock icon Devices to detect tunnels
      191 3 AFP ENGINEERS in Mississippi are working on equipment to detect efforts by North Korea to tunnel under the demilitarised zone into South Korea before the 1988 Summer Olympics open in Seoul. US Army Corps of Engineers staff at the Waterways Experiment Station in Vicksburg, Mississippi said
      AFP  -  191 words
    • Article
      Lock icon Aussie election campaign turns into tax war
      438 3 Reuter THE AUSTRALIAN general election campaign has turned into a tax war between the ruling Labour Party and the conservative opposition. Prime Minister Bob Hawks and Treasurer Paul Keating, in radio and television broadcasts yesterday, pledged not to increase any taxes or impose
      Reuter  -  438 words
    • Article
      Lock icon Britain records £96m current account surplus
      335 3 FT BRITAIN recorded a £96 million surplus on the current account of the balance of payments last month, with an estimated £600 million surplus on invisible earnings more than offsetting a £504 million deficit on trade in goods. The figures, published on Wednesday by
      FT  -  335 words
    • Article
      Lock icon No nukes if I win: Kinnock
      211 3 Reuter OPPOSITION LEADER Neil Kinnock vowed on Thursday to start scrapping Britain's nuclear arsenal within two weeks if he wins the June 11 election. Prime Minister Margaret Thatcher accused him of hoisting a white flag. The exchanges came as opinion polls continued to suggest
      Reuter  -  211 words
  • Page 3 Advertisements
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      51 3 Doonesbury OF THE AND THE ASTHEPOG PAYS SET IN AT THE IRAN-CONTRA HEARINGS.. <7Oi I'M R m as n m m o 43 1H 10 _^J0 Ki a=l&@ BY GARRY TRUDEAU THE TEMPO PICKS UP WITH THE UMO£DULEPAPPEARANCEOF.~ A <»\\C m A SURPRISE UUfTNESS 1 'JiLL fS !®S <917 fii
      51 words
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  • WORLD BACKGROUND
    • Article, Illustration
      Lock icon Little threat seen from oil cut-off
      651 4 NYT DESPITE their substantial reliance on oil from countries bordering the Persian Gulf, the world's industrial powers would probably not immediately experience serious supply problems if ships were suddenly unable to carry crude oil through the Gulf, said experts on the energy industry. An
      NYT  -  651 words
    • Article, Illustration
      Lock icon Egypt banking on private enterprise
      753 4 AP SOCIALISM is enshrined in Egypt's constitution, but the government is turning to private enterprise to revive its sagging economy, which has been drained by declining oil revenue and a massive foreign debt. It is part of a programme Egyptian officials call a "comprehensive economic
      AP  -  753 words
    • Article
      Lock icon JR turns to turtles to make ends meet
      412 4 AP WHEN JAPAN'S state-run railway company went private in April, the new owners turned their minds to a long-neglected matter how to make money. Now, in a dark corner underneath train platforms at the Niigata City train station two hours north of
      AP  -  412 words
    • Article, Illustration
      Lock icon Hawke — tough union chief who became popular Aussie leader
      747 4 Hawke tough union chief who became popular Aussie leader Reuter PRIME MINISTER Bob Hawke will become the first Labour Party leader to lead Australia for three terms of office if he wins the snap election scheduled for July 11. The most popular Australian prime minister for 50 years, Mr Hawke
      Reuter  -  747 words
  • COMMODITIES
    • Article
      Lock icon Shearson expects market deficit to lift nickel prices
      483 4 AFP AN EXPECTED world market deficit should lift nickel prices to an average of US$l.9O/lb this year and US$2.lO in 1988 compared with last year's level of US$l.76, international analysts Shearson Lehman Brothers said in its annual review of the nickel industry,
      AFP  -  483 words
    • Article
      Soybean
      167 4 SOYBEAN FUTURES in Chicago eased to cloee on or near the lows on Thursday, down 2-1/2 to five US cents per bushel in improved trade. July settled at US$5.5l-3/4 after posting a nine-cent range on the day. The outlook for generally favourable growing conditiona over the near term and
      167 words
    • Article
      Lock icon Cocoa trade in disarray as buffer-stock manager struggles to defend prices
      339 4 Reuter TRADE IN COCOA was in disarray on Thursday as prices for the commodity remained weak despite buying by a buffer-stock manager whose job is to stabilise the market. Cocoa producers belong to a trade body, the International Cocoa
      Reuter  -  339 words
    • Article
      Lock icon Gold deposits in four Chinese provinces
      107 4 AP EXTENSIVE, easily-mined gold deposits have been found in four south-western provinces which geologists have dubbed a "gold valley." an official Chinese newspaper reported this week. After several years of study, geologists have found seven large and medium-sized gold deposits in the provinces of
      AP  -  107 words
    • Article
      Wheat
      184 4 WHEAT FUTURES In Chicago closed on or near the lows on Thursday, down 9-1/4 US cents to one cent per bushel in improved trade. July settled at USS2.BO-1/4 after poeting a 10-3/4 cent range on the day. The outlook for Increaaing commercial hedge pressure as the winter wheat harvest
      184 words
    • Article
      Produce Prices
      72 4 Bangkok Ctoting print on May 29 Broken Rice A-l Supor A-l Spociol 146 143 (US$/»onno, F08) C-1 Spodol unq White Rice C-1 Ord unq 100% 1 f» ctaii 258 Loonzain Rice 100% 2nd don 228 100% 1* grod* unq 100% 3rd ckm 223 100% 2nd grodo 222 5%
      72 words
    • Article
      Precious Metals
      210 4 HONGKONG: Gold cloeed lower yesterday on active late booksquaring salee by local Investors ahead of the long weekend here. Part of the offer was absorbed by European buying, despite further rises in the US currency. Bullion settled at U*****.20/70 an ounce against an initial U*****.00/50 and was below
      210 words
    • Article
      Rubber
      68 4 TOKYO Futures closed 0.1 to 0.8 yen per kilo firmer in very dull trading yesterday. Prices were unchanged all day in the absence of fresh factors after opening slightly higher on sporadic short covering by trading houses and private investors The market remained very quiet with most participants reluctant
      68 words
    • Article
      London Markets
      156 4 London Metal 3-months 887.00/888.00 Exchange Settlement (892.00/894.00) 902.00 (898.00) Afternoon wnl< m dosing too# and Tone: Quiet Sales: (975) prices en May 28 (£/tonne). Previous dosing price* and total Lead tolti In par»nt»>«»!i 388.00/390.00 Co* Copper Grade A 3-months (382.00/384.00) 366.00/367.00 Co* 3-momtw 928.00/929.00 (929.00/931.00) 910.50/911.00 Settlement Tone:
      156 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Venezuela to make US$4bn in foreign debt payments this year
      439 5 Reuter AFP VENEZUELA, whose foreign reserves total some US$3.6 billion, is expected to make more than US$4 billion in payments on its foreign debt this year. Finance Minister Manuel Azpurua said yesterday that the country's dwindling foreign reserves are to
      Reuter; AFP  -  439 words
    • Article
      Lock icon Chinese economists call for higher interest rates
      184 5 Reuter CHINA should raise interest rates and introduce more financial instruments to reduce excess consumer demand, two leading economists said. The China Daily earlier this week quoted an article by Fan Di and Chen Zhao which said higher interest rates would reduce demand
      Reuter  -  184 words
    • Article, Illustration
      Lock icon Forget about asking forgiveness, Chase tells debtor nations
      585 5 AFP TWO OF THE United States' top three banks have set aside billions of dollars to cover losses in foreign loans to developing countries amid warnings that their action does not mean debtor nations can forget about their bad debts. Willard Butcher,
      AFP  -  585 words
    • Article
      Lock icon London's move paves the way for 24-hour trading in Japanese bonds
      521 5 Reuter THE INTRODUCTION in July of a yen bond futures contract in London will mark the first step towards round-the-clock trading of Japanese government bonds, bond managers and securities house officials in Tokyo said yesterday. But they said the
      Reuter  -  521 words
    • Article
      Lock icon Rise in discount window borrowings attributed to Memorial Day holidays
      296 5 Reuter DISCOUNT WINDOW borrowings soared last week, but economists in New York said the surge reflected special factors and not a fresh tightening of Federal Reserve policy following the May 19 Federal Open Market Committee meeting. Borrowings from the Fed,
      Reuter  -  296 words
    • Article
      Lock icon Vietnamese party newspaper calls for major reform of banking system
      373 5 Reuter VIETNAM says its banking system needs an overhaul if people are to trust it with their savings and if the state is to control the economy. The communist party newspaper Nhan Dan said that banks were -inadequate in issuing
      Reuter  -  373 words
    • Article
      Lock icon Global grouping ready to offer attractive loans to developing states
      206 5 Bernama ES A GROUP of international financiers is prepared to extend 100 per cent loans at very competitive rates and terms to Third World countries, including Malaysia. The group's representative for Malaysia, Thailand and Indonesia, Senator Datuk Dr KS Nijar,
      Bernama ES  -  206 words
    • Article, Illustration
      Forex markets
      601 5 JAKARTA: The market was closed yesterday. HONGKONG: The US dollar closed firmer in fairly active trading mainly yesterday on late buying interest from early European traders returning from Thursday's market holiday. Sentiment towards the dollar was boosted by Japan's 6,000 billion yen economic package and narrower Japanese trade
      601 words
    • Article
      World interest rates
      164 5 Interbank market rates (offer/bid) on May 28 us$ DM SWFC Y««l 7 doyt 7 1/14 6 19/1* 15/1* »3/»* 4-J7/I 3 13/4 3 15/16 13/16 1 mth 7 3/16—l/U SI J/16— 13/16 3 7/i 3/4 4 5/16 3/16 4-3 7/1 13/16 3 M* 7 3/6 1/4 9
      164 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      17 5 Y%YSS>sV. m B«•■■■■8 W A < <4 <bii» m m i, m i fi 7i W>A 4 u
      17 words
    • Advertisement
      Page 5 Advertisements Column 2
      488 5 J GOLD COIN LIMITED NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 421 Tagore Avenue, Singapore 2678 on Wednesday, 24 June, 1987 at 12.30 p.m. (or so soon thereafter as the Annual General Meeting to be called
      488 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Maxwell takes back offer for Harcourt
      352 6 NYT ROBERT MAXWELL, the British publisher who is eager to atld an American book company to his worldwide communications empire, has withdrawn his US$2 billion offer for Harcourt Brace Jovanovich Inc. but he said he is continuing to review alternatives. Mr Maxwell said he
      NYT  -  352 words
    • Article
      Lock icon Allegis plans US$3.5b move to stall raiders
      134 6 NYT ALLEGIS CORP, owner of United Airlines, Hertz Car Rental and some major hotel chains, has taken a drastic step to avert a takeover or a break-up. The Allegis board of directors decided on Thursday to pay the company's stockholders US$6O a share
      NYT  -  134 words
    • Article
      Lock icon Japan's move boosts Wall Street
      379 6 Reuter INDICATIONS that the Japanese would unveil an economic package to help ease trade tensions with the US, and optimistic signs about inflation and interest rates woke up Wall Street late on Thursday, sending stocks to a moderately higher close on light volume. After a
      Reuter  -  379 words
    • Article
      Lock icon Car companies sign accord on Chrysler's buyout of AMC
      176 6 AP CHRYSLER CORP, American Motors Corp and Renault officials have signed an agreement formalising their approval of Chrysler's proposed buyout of AMC. AMC president Joseph Cappy and Chrysler vice-president Robert Miller signed the document at Chrysler s headquarters in Highland Park
      AP  -  176 words
    • Article
      Lock icon BankAmerica may provide for shaky Latin loans too
      582 6 NYT THE CHAIRMAN and chief executive of Bank America Corp, A W Clausen has suggested that the troubled banking company might have to increase its reserves to cover shaky Latin American loans, an action that could mean a return to the red.
      NYT  -  582 words
    • Article
      New York
      512 6 MAY a 08 Engathard Cp 25* N L Induat 7* 97* Nabaco Ri 51* A lean Alumln Alcoa 41* 48 unch Firaatona Tlra Fluor Cp 39 19* Natl Diet Cham Naviatar 61* ...7* -1 -1 1 -2* Alleg Inn Allied Stg 16* 41* -ft FMCCp fnrrl 1 1
      512 words
    • Article
      Toronto
      145 6 MAY m Abitibi C$ 36* Inco lai Diu im rrov ripi, lu I'M 23* 4«* 248 37* Karr Addiaon 24* Algoma SO 16H unch 14* Bank Nova Scotia 17* McMII Bhjl 24* Bank Ot Montreal 32* 24* Ball Canada 41* 32* 21* Noranda In 29 35* 10* Camobl Laka
      145 words
    • Article
      Milan
      53 6 n URE *****0 668 ***** a ***** 2953 -100 •2 -61 -320 -100 18 -2 1900 3888 *****0 ***** 2820 unch -15 Oitwttl Ord OIlvaM Prtv ***** 7900 -80 •100 Piarr* 2041 +11 PiraMI E C 9806 -45 Piralli Spa 5310 -38 SHa 4890 190 Snia Vwcom 3900 -10
      53 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      368 6 London stocks on Pago 15 T terrt: id wlae, dli»« aiUil eMail V%\ The Furama Special $60* back in Vouchers to spend at our. Sho-un Japanese Restaurant Tiffany Coffee House Heritage Bar/Lounge M FURAMA SINGAPORE HOTEL 10 Eu Tong sen Street Singapore 0105. Tel: 533 3888 novotel orchid inn jfJteiertb
      368 words
    • Advertisement
      Page 6 Advertisements Column 2
      200 6 I 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 K steaming buffet to mg l get you through the night for only $9.50. 1 ■ESfIU (All prices subject
      200 words
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  • ASIAN STOCKS
    • Article
      Hongkong
      574 7 HONGKONG: Stocks closed lower yesterday after a government land auction in which a prime office site was sold to Hang Seng Bank for HK$B4O million, brokers said. An international broker said the sale did not reflect a rising trend in local property prices, even though it was well above
      574 words
    • Article
      Taipei
      225 7 MAY All Sincere Indus MT 4.48N 1--*-09 Kuochan Dav Laa Chang Yuan Cham Indue 36 50 40 20 0.9 1 Cathay Con* Chang Hwa Bank 75.00 MOO 2 -1 -1.3 1.7 unch -0.4 Lian Hwa Indua Nan Ya Plas Pacific Cons 28 00 54.00 41 40 0.1 1 1.3
      225 words
    • Article
      Tokyo
      413 7 TOKYO: The Tokyo market index surged to its first record close for two weeks in heavy trade yesterday on news that the Japanese government had unveiled a 6,000 billion yen spending package to spur the domestic economy. News of the stimulatory package boosted domestic demand-related issues, while some road
      413 words
    • Article
      Manila
      82 7 MAY n pesos +fOriantai B Phil Ovaroaas 0.037 •0.06 -1-0.001 unch Acoja Mining Anglo Phil 0 51 -*-001 Asm Mining B 0 049 0 001 Atlas Con B 27 2 PLOT 454 50 24 5 Baguio Ooid Basic Patrol aum Banguat Con. B First Phil Hklgs.... 0.013 ISO 8.50
      82 words
    • Article
      Sydney
      272 7 MAY 29 CENTS 1Hartogen Energy 320 5 H0U3 TRIALS Herald Hooker 325 5 ICI 475 5 Ind Equity 440 5 *BC 265 •56 Int Health 75S unch unch •6 Amcor 407 •23 Lend Leaae 1265 Ampol Pet Aru Ariadne Aust 295 407 312 unch 7 2 20 Magellan Pet
      272 words
    • Article
      Seoul
      92 7 'MAY 2t WON Kal 1430 ***** 40 500 ***** urtch ***** 210 ***** 250 ***** 500 1120 60 2420 30 ***** +160 Lucky Ltd 1464 70 Daishin S*curtt)*t... .3790 ***** 190 600 Oriental Brawary ***** ***** 100 Dong Suh Slock ***** 2270 210 50 Pacific Chamical 1730 ***** 20
      92 words
    • Article
      Lock icon Bangkok
      156 7 Reuter BANGKOK: The Stock Exchange of Thailand Index gained 0.80 point to 269.07. Turnover totalled 1,174,735 worth 290.3 million baht. The Book Club Index was up 0.80 at 240.78. MAY a BAHT Saha Union 280 unch Si am Camant 1023 unch Ao Kham Thai Siam City Ayudhya Invaatmant 300
      Reuter  -  156 words
    • Article
      Lock icon Citic buys Hongkong building
      68 7 Reuter THE STATE-OWNED China International Trust and Investment Corp (Citic) has acquired a commercial building in Hongkong's Wanchai business district for HK$32O million, the pro-Beijing Ta-Kung-Pao said. The Chinese-language newspaper said Citic bought the Asian House, with total floor area of about 2,9177 sq metres, from
      Reuter  -  68 words
    • Article
      Lock icon Bond rights issue approved
      193 7 AFP SHAREHOLDERS in Bond Corp International Ltd. the Hongkong subsidiary of Australian businessman Alan Bond, approved a rights issue raising HK$l billion (US$l2B million) at an extraordinary general meeting on Thursday. Shareholders also approved the sale ot 50 per cent ot the Bond Centre office tower,
      AFP  -  193 words
    • Article
      Lock icon Dillingham to sell construction arm
      62 7 AP A SUBSIDIARY of Shimizu Construction Co Ltd of Tokyo, SC-US Inc, has agreed to purchase Dillingham Construction Corp, a pri-vately-held company based in California, from Dillingham Holdings Inc. Terms were not disclosed, but Dillingham said the Shimizu unit would make a minority investment with
      AP  -  62 words
    • Article
      Lock icon Thailand may face bus builder's suit
      134 7 AFP A MAJOR Belgian bus manufacturer is planning to demand compensation of at least 10 million Belgian francs (U*****,960) from the Thai government for breaking a bus lease contract, a Belgian Embassy official said on Thursday. The official said it was still unknown when
      AFP  -  134 words
    • Article
      Lock icon Japanese electronics firms expect profits to rise
      498 7 Reuter JAPAN'S major electronics firms, many of which saw their profits nearly halved in the year ended March 31, are predicting healthy earnings increases in the current fiscal year. "We expect a stabilisation of the yen, the effect of cost-cutting measures and a
      Reuter  -  498 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      769 7 %\0 H mmmaK Mm wlm 9 Mm estfertalsi MAGICALLY HYATT I+l=J 1 1 1!?! When guests order any beverage, standard or premium, at selected outlets', they will get a second drink, all for the price of one! It's a magic formula applicable daily at The Lounge Chinoiserie (Members and hotel
      769 words
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      Page 7 Advertisements Column 2
      165 7 x ENTERTAINMENT OtmdaSond «x 3low numDers, lavourue and latest rock -oS HAPPY HOURS 12 noon Bpm A M, DISCOUNT on bottle rales and premium tU brands Plus! Buy one and get one tree (CAIHNHILL HOTEL) 19 Cairnhill Circle, S pore 0922 Tel *****22 Fri, Sat eve of public holiday: 6pm
      165 words
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  • LETTERS TO THE EDITOR
    • Article
      The corporate baboon
      511 8 THE MESSAGE was quite simple: make friends and build alliances among your colleagues so that you can share your stresses and strains in the tough corporate world. It did not appear to be a very new idea till baboons were brought into the picture. Baboons, it seemed,
      511 words
    • Article, Illustration
      Solve wage problem by job sharing
      626 8  -  Dr R C Cooper Dear Sir I refer to the disturbing news contained in the front page report in BT, May 22, namely: "Electronics sector finding it hard to keep wages in line". If the situation described in this article is allowed to deteriorate,
      626 words
    • Article
      Retain the contra system for small investors
      812 8  -  NOSTRADAMUS Dear Sir In 1981, when the market fell, I was probably the most vehement critic of the "contra" trading system. Before the market collapsed, I witnessed incredible excessive purchasing of shares by housewives, amahs, postal clerics, delivery boys and the "man-in-the-street" who
      812 words
    • Article
      Allow use of CPF savings for education
      538 8  -  VINCENT LIM Dmt Sir In the debate over whether CPF funds should be used for education, your report headlined "CPF for education will affect housing and medical allocation" (BT 13/4/87) and a subsequent report (BT 11/5/87) reasoned out governmental objection. The latest person
      538 words
    • Article
      Ships
      62 8  -  Lim Tock Ee Dear Sir I refer to the article headlined Foreign ships flying Singapore flag spend $245 m here", which appeared in the Shipping Times on May 25. I wish to point out that the 685 ships referred to in the article were vessels registered in Singapore. It
      62 words
    • Article
      Lesson to be learnt from 'Educating Rita' review
      442 8  -  PETER ARNOLD Dear Sir It was with some amazement that I read the review of "Educating Rita" in the BT Weekend Edition of May 23-24. I myself saw the play while I was in Singapore and staying for a few days at
      442 words
    • Article, Illustration
      Sponsors needed to bear TV coverage costs
      831 8  -  JEANNE CHENG (MRS) Dear Sir We refer to the article "Where SBC can help" by Mr Walton Morais (BT, May 21). We would like to clarify SBC's position with regard to TV coverage of the 7th Asian Track and Field Meet (July 22-26)
      831 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      44 8 BT welcomes letters from readers. Your letters must include your signature, full name, address, and home and office telephone numbers, if any. You may add a pseudonym, if you wish Addrees your letters to: The Editor. Business Times, 390, Kim Seng Road, Singapore 0923.
      44 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      773 8 approval (4, 1. 3, 4) 23 Take turns (9) 22 Drawing the twit stand- 25 Proposed (9) Cryptic solution ACROSS: 4, Her-man. 7, KanCRYPTIC PUZZLE ACROSS 9 How silly love is? (9) 10 Put inside out and argued about (2, 7) 12 A Chuck White (4) 13 Have the man
      773 words
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      232 9 CLOSER and more careful reading of the recent Report of the Public Sector Divestment Committee reveals a rather distinct, if not distinctive, writing style. The author, either intentionally or subconsciously, provides the reader with a wide choice of words. It can be taken to mean that
      232 words
    • Article
      A parking meter you'd love
      204 9 TRENDS IN MIAMI, Florida, an "aaathatlcally plaaslng" US$l5,OOO Franch-mada parking malar that takaa dollar MNa and will toon accapt cradH cards has baan rated a aucoaaa altar its Initial trial in a downtown lot Tha machina, which looks Ilka a combination of a talaphona, calculator
      204 words
    • Article, Illustration
      Food for commercial thought
      629 9  -  With JAIME LYE BASICALLY, I have nothing •gainst television commercials. Besides, I always figured that if ever wanted to cultivate a positive attitude towards life, I could always go into advertising. The ad guys could probably turn schizophrenia into a fashionable Mlness. So even though it
      629 words
    • Article, Illustration
      Cool cats of the baize
      1102 9  -  «V WALTON MORAIS "WOMEN love to see men bend over a table." the snooker official was saying. "And maybe there's something about the phallicism of the cue." He was trying to explain the British snooker phenomenon where more than 60 per cent of viewers who
      1,102 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        What a jolly good show!
        525 10  -  MISS UNIVERSE By JAIME LYE NICE SHOW, boys You managed to pick up the pieces from the previous week's sorry presentation show, put up more TV screens, raised the seats, put in Bob Barker and let fly with a glossy humdinger that spelt Singapore, Hollywood
        525 words
      • Article, Illustration
        Tale of American cats and Russian mice
        335 10  -  CINEMA by Jaime Lye SUCKERS for lush animated cartoons will love An Amwicmn Tail. Never mind that it has a rambling story-line that doesn't build up to any climax or that it takes advantage of immigrant stereotypes as the basis of its characters.
        335 words
      • Article, Illustration
        On wheels of hope
        783 10  -  TRAVEL By BENNY OON SCOTT SMITH. The name may not ring a bell now, but come Christmas and he may very well be a household name. That's when the 29-year-old Canadian completes his round-the-world cycling mission to raise money for the "Save The Children Fund's Stop
        783 words
    • Executive Lifestyle
      • Article, Illustration
        That bamboo roof tuckshop
        619 11  -  FOOD By THE FOOD TEAM IT DOESN'T seem to matter that so many people have problems pronouncing its name, the Pare'gu Vietnamese Seafood Restaurant has very much of a word-of-mouth reputation. The lunch-time crowd usually refer to it as "that bamboo roof place". Wedged into the
        619 words
      • Article, Illustration
        Shanghai's cream of the crop
        688 11  -  STAGE By CHARLES SAVAGE THE SHANGHAI Acrobatic Theatre arrived in Singapore recently, fresh from winning three of the five gold medals awarded at the last triennial All China Open Acrobatic competition held about a month ago. Beating 75 of the best acts in the country,
        688 words
      • Article
        Sweet hour of prayer
        229 11 SHORT TAKES THE MAN who put on Live Aid and Sport Aid has another little party planned. This time he hopes to gather Pope John Paul II and his flock one-quarter of the world's people for one hour of prayer. With US$2 million in grants and
        229 words
      • Article, Illustration
        Pumping plastic
        546 11  -  FITNESS CLUBS By LISA LEE A LITTLE plastic card can help its owner get around quite a few places these days as its use is being stretched to cover all kinds of things. But the newest idea yet is being "linked" a service offered to users of American
        546 words
      • Article
        The hazard of doing nothing
        925 11  -  HEALTH By RICHARD SEAH IF YOU HAVE heard about the benefits of exercise but are still not convinced, here are some more reasons. I mentioned last week that someone thought this column gave the impression that good food solves all health problems. Actually, regular exercise
        925 words
      • Article
        BILLBOARD
        913 11  -  Compiled by Sakina Dhilawala CINEMA: Crocodile Dund— starring Paul Hogan. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15, Kreta Ayer People's: 1.30; 4; 6.30; 9.15. Police Academy 4 Steve Guttenberg, Bubba Smith, Bobcat Goldthwait. Showing at Capitol: 11; 1.45; 4; 6.30; 9.15, Changi: 11; 1.15; 3.30; 7; 9.15. From
        913 words
    • Executive Lifestyle: Sports
      • Article
        Catch Jeffersons in last race
        638 12  -  OH TMCK with Brian Miller IT SOMETIMES pays for punters to be patient, especially when the "plum" of the day's racing just happens to be in the last race like in Kuala Lumpur today when Jeffersons lines up with 11 others to contest a Class
        638 words
      • Article, Illustration
        Avoid messing up contracts by planning
        846 12  -  BRIDGE By MIKE THUMBA Play of the hand in a trump contract A BRIDGE WRITER, S A Simon, in his book "Why You Lose At Bridge", says in his introductory chapter: "It is not the handling of difficult hands that makes the winning player.
        846 words
      • Article
        Lock icon Detroit forces another match with Boston
        237 12 BASKETBALL AP VINNIE JOHNSON scored half of Detroit's points in a decisive 20-8 fourth-quarter run as the Pistons beat the Boston Celtics 113-105 on Thursday night to force a seventh game in the NBA eastern conference finals. Game 7 of the series will be
        AP  -  237 words
      • Article
        Lock icon Johnson proves he's the fastest
        111 12 ATHLETICS Reuter CANADIAN Ben Johnson proved he is the world's top sprinter on Thursday when he beat Olympic champion Carl Lewis and world record holder Calvin Smith in a 100-metre showdown in Seville, Spain. Johnson clocked 10.06 seconds, the best mark of the year, in
        Reuter  -  111 words
      • Article
        Premier League is as good as won by Sembawang
        353 12  -  GOLF By WALTON MORAIS MATHEMATICALLY, the championship is still undecided. But logic and reason suggest that whatever happens in tomorrow's penultimate round of the Premier League golf championship at Sentosa, the title has virtually been won by Sembawang. The defending champion
        353 words
      • Article, Illustration
        Lock icon Top seeds struggle to gain the upper hand
        832 12 TENNIS AP TOP PLAYERS old and you' had trouble on Thursday at the French Open. It was time for questions after the matches concluded, so veteran Jimmy Connors asked the first one. "Mr Becker,'' Connors said to 19-year-old Boris Becker, "have you
        AP  -  832 words
      • Article
        Lock icon Who's that again?
        441 12 AP HORACIO de la Pena. Eric Winogradsky. Ricki Osterthun. Jim Pugh. Tarik Benhabiles. Nathalie Herreman. Helen Kelesi. Stephanie Rehe. Nicole Provis. These names may not be well-known in the tennis world, but they all posted wins during the French Open at the expense ot more readily recognised
        AP  -  441 words
      • Article, Illustration
        Lock icon Thomas ready to belt out a song
        733 12 BOXING Reuter PINKLON THOMAS is not one to sing his own praises. In fact, built like a granite statue with a voice deeper than the Grand Canyon, Thomas does not appear one to sing at all. But the former world heavyweight champion, who
        Reuter  -  733 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        OUB and UOB show promise
        398 13  -  by RC NOW THAT an economic recovery is firmly underway in Singapore, a rebound in the banking sector looks certainly at hand. Loan volumes are starting to creep up again, which coupled with lower loan losses, make for an improved tone in profits. Given such
        398 words
      • Article
        Investors taking a closer look at warrants and TSRs
        1087 13  -  WARRANTS By RAMESH CHANDIRAMANI BECAUSE they represent cheap alternatives to underlying ordinary shares, more dealers and investors are discovering the potential of share warrants and transferable subscription rights (TSRs). Over the past two months, heavy traded volumes have accompanied the popular
        1,087 words
      • Article
        Buying interest continues
        803 13  -  ART by Ruth Corb and Jeremy Eskstein ĕnd Jfmy EtkwMn, Sotfr6by*9 RttotfCh D+ptr tur+nt IN AN extremely busy week in the major auction centres around the world, the common feature which came through clearly was the continuing strength of demand for the best quality works of art
        803 words
      • Article
        How to spot the right 'laggards' and a market top
        795 13  -  Keeping track... -by RC UPSET by poor returns from CPF savings, and encouraged perhaps by the hefty gains made by local shares, a reader has written in to seek counsel. "When I look through the list of trustee stocks, I
        795 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      22 9 Buying power ijniWPj < %e r-'w'-: MM Upef TV Real buying power at your fingertips. Call 732 2244 for an application form today.
      22 words
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      Page 9 Advertisements Column 2
      81 9 I b. it W h m gerald genta Showroom and Service Centre: Singapore Gerald Genta Geneve Scotts Centre *01-11 Tel: *****97 Authorised Dealers: Singapore The Hour Glass Lucky Plaza *01-36 The Hour Glass Scotts Centre *01 -09 The Hour Glass Peninsula Plaza *01-16/19 The Hour Glass Centre point *0121/22 Kuala
      81 words
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      2647 10 SIOIS TO WATCH War, romance and friendship TODAY: Engrossing drama comes from Thm Loneliness ot the Long Distance Runner (8.30 pm, Channel 12). A rebellious young man is chosen to represent a reform school in a track race against a private school. Superbly acted by a cast that includes Tony
      2,647 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      202 13 The Australian Nugget 9999 fine gold. "In my job. I can't afford to take chances. Leaping through windows and jumping off buildings need good planning....and a little bit of luck. That's why I buy The Australian Nugget." Is <% loz Refined to 999.9 parts per thousand of fine gold, The
      202 words
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  • COMPANY NEWS
    • Article
      Lock icon More M'sian companies invest in Australia
      1024 14 NST MORE Malaysian companies are venturing to Australia and it is not too difficult to gauge the reasons for this. The island continent represents tremendous potential for expansion and it is also close to the Asean region. A number of listed companies have since
      NST  -  1,024 words
    • Article
      Untitled
      3755 14 The following are Thursday's prices. The SES and KLSE were cloeed yesterday. 1M7 High Low Company Last Sal* orOft Dlv Dlv C'vr Qrs rw N«t P/E Vol (-000) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 196 84 270 476 206 350 137 196 178 340 82 382 370 606 600
      3,755 words
    • Article
      Lock icon I&P looking into complaint by buyer of its Talam stake
      660 14 MBT ISLAND PENINSULAR (l&P) has received a complaint from the buyer of its controlling stake in Talam Mines. The buyer has alleged that there are inaccuracies and breach of warranties in the sale and purchase agreement. Notes in l&P's latest
      MBT  -  660 words
    • Article
      Lock icon Malaysian investment team to visit US and UK
      183 14 Bernama ES THE MALAYSIAN Industrial Development Authority (MIDA) will send an investment mission to the US and UK to look for joint ventures in resource-based industries. MIDA chairman Datuk Haji Ahmad Sarji Bin Abdul Ham id, who will lead the two-week-long mission
      Bernama ES  -  183 words
    • Article
      Selected Indices
      105 14 HONGKONG Hongkong Index Friday *****9 Thursday 1902-92 Week ago 1869.63 Hang Seng Index Friday 2919.70 Thursday 2950.81 Week ogo 2097 62 All Industrials Friday 2552.3 Thursday 2531.6 Week ogo 2562.8 NEW YORK Dow Jones Thursday 2310.68 Wednesday *****1 Week ogo 2225.77 TOKYO Nikkei Average Friday *****.39 Thursday *****65
      105 words
    • Article
      Unit trusts
      249 14 Managers' prices MARA-Bumiputra 656 for May 30 June t First B'putro 651 Singapore Unit Trust Second B'putro Third B'putro 591 473 595 478 Th* CoaMwrc* 1 10 117fourth B'putro 542 547 Th* Sovmgs Fund 095 101 Fifth B'putro 351 356 S'por* Prog Fund 046 050 Sixth B'putro 373
      249 words
    • Article
      APPROVED ISSUES
      100 14 Company RIGHTS ISSUE Bedford On*-for-on* $0.50 p*r shar* b da't May 26 Boob close Jun 8 Marco Polo On*-tor fiv* S' OO p*r shore Each rights short has o detachob4e TSI corrying the right to subscribe on* further ordinary share of $1 at $1 eoc Ex dot*: Jun
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    • Article
      PROPOSED ISSUES
      351 14 Company RIGHTS ISSUE C 1 Holdings 27 million loon stocks in the ratio of S3 loon stock for •very five ordinary tK/irM Gfy Dev VKJftS Wfl On*-lor-lour $1 40 per star* Sights issua of bonds with worronts in the rotio of $1 nomnol omount of bonds for every
      351 words
    • Article, Illustration
      RDC has enough jobs to keep it busy for next two years
      536 15 IN SPITE OF the not too promising construction sector, newlylisted Resources Development Corporation Ltd is nevertheless going to be kept busy for the next two years. Chairman Au Eng Kok discloses that the company had secured six contracts
      536 words
    • Article, Illustration
      Kentucky Fried Chicken (S) to invest more in its trading arm
      405 15  -  By ELAINE KOH KENTUCKY Fried Chicken (S) Ltd is planning to invest a few million dollars this year in Poon Guan Re Ltd, its trading arm, to push ahead in international trading. Poon Guan, a wholly-owned subsidiary which trades
      405 words
    • Article
      LONDON STOCKS
      740 15 LONDON equities opened higher yesterday on news of an opinion poll, which showed the ruling Conservative Party extending its lead over the opposition Labour Party by four points compared with a week ago. INDUSTRIALS May 28 AtdoMfl Allied-lyons BTI PIC Mcodi Borders SmcIkio MCC Blue Circle BOC Group
      740 words
    • Article
      DIVIDENDS ANNOUNCED
      1192 15 Current b Beaks Data ToM lor ToM tor payment dm does peyabto ■w year tost year A B N 13*% NY A NYA NYA 27% 27% A Enterprises 2%W Jun 5 Jun 17 Jul 3 to> 22% Acmo 1%TE Jun 22 Jun 29 Jul 31 l%TE 4%TI Amcol
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    • Article
      Lock icon Hang Seng Bank buys prime site
      85 15 AFP HANG SENG Bank Ltd acquired a plot of land in Hongkong yesterday for HK$B4O million (US$lOB million), outbidding rivals for what is one of the last undeveloped sites in the colony's central business district. The price paid for the former fire-station site exceeded
      AFP  -  85 words
    • Article
      Lock icon Mulpha explains group's losses
      157 15 Bernama ES MULPHA International Trading corporation was affected by the abandonment or delay of building projects and the closure of several supermarket chains and department stores last year. Group chairman Chan Hua Eng said in his annual report that the further deterioration in the engineering and
      Bernama ES  -  157 words
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      Page 15 Advertisements Column 1
      519 15 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 185) AND IN THE MATTER OF POLY INDUSTRIAL SUPPLY PTE LTD. (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held at 50 Jalan Saltan #21-04 Jalan Sultan Centre,
      519 words
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      Page 15 Advertisements Column 2
      554 15 In the matter of The Companies Act Cap. 185 and In the matter of KADOKAWA TRADING (SINGAPORE) PTE LTD (Members' Voluntary Winding Up) At an Extraordinary General Meeting of the abovenamed company duly convened and held at its registered office, 47 Hill Street #05-04/06, Chinese Chamber of Commerce Industry Building,
      554 words
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      Page 15 Advertisements Column 3
      589 15 I'i j: i r.y yg a :MiTj THE COMPANIES ACT (CHAPTER 185) AND IN THE MATTER OF LOONG SENG CONSTRUCTION PTE. LTD. (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held at 50 Jalan Sultan #21-04 Jalan
      589 words
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  • Article
    Ministry — several detainees hold influential posts in WP
    550 16  - Ministry several detainees hold influential posts in WP Infiltration plans made as early as 1981 By LOH HUI YIN PLANS TO INFILTRATE the opposition Workers' Party were made as early as 1981 when mastermind Tan Wah Piow emphasised to his Marxist supporters that such a tactic would give the group
    550 words
  • Article
    Local banks have an edge in computer use, says magazine
    482 16 LOCAL BANKS lag behind their foreign counterparts in specific electronic banking products but this has not prevented them from having an edge in the general applications of banking technology. Such expertise could be, and is being capitalised on, suggests an
    482 words
  • Article
    Jeya denies party was infiltrated
    252 16 WORKERS' PARTY secretarygeneral J B Jeyaretnam has denied that his party was infiltrated by Marxist-Communist elements. Neither was production of the party publication "The Hammer" controlled by the Marxist network, according to him, as he himself has been in charge. Another point denied by Mr
    252 words
  • Article, Illustration
    S'pore Poly Students' Union infiltrated
    577 16  -  By RICHARD SEAH Special Correspondent INFILTRATION of the Singapore Polytechnic Students' Union (SPSU) by communists had begun in the mid-1970s and some of the student activists during that time continued to be involved in the union even after they had left the Polytechnic. A link
    577 words
  • Article
    Lock icon Taiwan's move likely to cut trade surplus
    248 16 Reuter TAIWAN'S proposed port tax changes, sparked by US complaints about its soaring trade deficit with the island, will increase imports and reduce exports, economists agreed yesterday. The effect will be felt late this year or early next, they said. "There is always
    Reuter  -  248 words
  • Article
    Lock icon Thai budget will sustain growth: Prem
    345 16 Reuter THE THAI national budget for next year will include high government investment in services to sustain the country's economic recovery. Premier Prem Tinsulanonda said yesterday that the 243.5 billion baht (US$9 billion) budget Bill for the year ending September 1988 would feature 10.7
    Reuter  -  345 words
  • Article
    Lock icon Fiji governor appeals for end to trade embargo
    179 16 Reuter FIJI'S Governor-General, declaring the island nation almost back to normal after a military coup, yesterday urged Australian and New Zealand unions to lift a trade embargo threatening food supplies. The official Consumers Council said that supplies of imported fresh vegetables would
    Reuter  -  179 words
  • Article
    Closing the gap in Italian knowledge of Singapore
    545 16  -  By MARGARET THOMAS THE CONTRAST was clearly demonstrated during the interview with two Italian business reporters. One spoke no English; the questions he put to Trade and Industry Minister Brigadier-Gen-eral (Reservist) Lee Hsien Loong were very basic. Who are you meeting in
    545 words
  • Article
    Lock icon Comex gold and silver
    110 16 Reuter COMEX GOLD FUTURES turned lower on scattered selling yesterday morning following a firm US dollar. Spot June gold was off US$2.4O at U*****.00 an ounce. Analysts said sellers were not aggressive but the market seemed to be suffering from a lack of buying interest prior
    Reuter  -  110 words
  • Article
    Lock icon Dow Jones higher
    70 16 Reuter WALL STREET, focusing attention on the bond market and a Japanese economic programme that is expected to help soothe festering US-Japan trade tensions, yesterday extended the rally begun late on Thursday. But a 0.6 per cent decline in April leading economic indicators tempered some enthusiasm. The
    Reuter  -  70 words
  • LATE FILE
    • Article
      Lock icon US leading index down 0.6pc
      59 16 Reuter THE US INDEX of leading indicators fell 0.6 per cent in April, the first decline in the government's main barometer of the economy in three months. The Commerce Department said yesterday that last month's drop had followed a 0.8 per cent rise in March
      Reuter  -  59 words
    • Article
      Lock icon Telecom merger talks fail
      63 16 Reuter MERGER talks between two groups vying to enter Japan's lucrative overseas telephone business failed to reach agreement, dimming prospects for a quick end to a diplomatic row over the issue. Officials from the two sides said that the companies disagreed on whether the proposed merged
      Reuter  -  63 words
    • Article
      Lock icon Aussie growth seen slowing
      37 16 Reuter AUSTRALIA is likely to experience an easing in economic growth in 1968 after moderate growth in 1967, the Australian Chamber of Manufactures and the National Institute of Economic andIndustry Research have said.
      Reuter  -  37 words
    • Article
      Lock icon Nakasone rebuffs resignation calls
      27 16 Reuter JAPANESE Prime Minister Yasuhiro Nakasone yesterday rebuffed rivals calling for his early resignation, saying that he alone would determine his political future.
      Reuter  -  27 words
    • Article
      Lock icon 'HK should avoid sudden change'
      39 16 AFP HONGKONG'S current drive for political reforms should avoid bringing about "a sudden change" in its political system in 1997, when the British colony is returned to China, Governor Sir David Wilson said yesterday.
      AFP  -  39 words
    • Article
      Lock icon Bill limiting trials approved
      49 16 Reuter THE ARGENTINE Congress yesterday acted to quell military anger over human rights trials by passing a Bill that would sharply limit them. The Senate passed the Bill by 23 votes to 4, following the Chamber of Deputies' approval of the Bill on May 16.
      Reuter  -  49 words
    • Article
      Lock icon Measures to draw investment
      31 16 AFP A SERIES of measures to draw foreign investment and curb a sharp rise in Zimbabwe's unemployment was made public yesterday by Finance Minister Bernard Chidzero. AFP
      AFP  -  31 words
    • Article
      Lock icon Former Indian premier dies
      27 16 AFP FORMER Prime Minister Charan Singh, one of the most controversial politicians of post-independence India, died in New Delhi yesterday at 85. AFP
      AFP  -  27 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      9 16 Thai trad* taam shopping for Amarfcan goods, Paga 3
      9 words
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      Page 16 Advertisements Column 2
      158 16 Business A monthly journal of business trends I FROM j PIGTAILS! itfjJWtot ..TO STRIPES cf**- ireathing new life into the OUCs rwdy for white-iollar tods Chinese Chamber Mils Universe: Why Working All eyes on the MKT Woman favours the old lege e State-of-the-art hanking Architect Keaxo fenge: e Am Imy
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  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      61 16 WMm Outlook: Showara ovar Nvtral areas In Iht lata morning and Raport lor 24 houra prior to 7.30pm on May 29 at tha airport Maximum tamparatura 31.3 Associated humidity 71 Minimum tamparatura 24.5 a A l a A i. I/i Qfi Mtociiiw numKjny wo Hours of sunshlna 3.2S Rainfall In
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