The Business Times, 4 July 1987

Microfilm: NL15870
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    13 1 BUSINESS TIMES M.C. (P) No. 112/12/86 Weekend Edition, July 4-5, 1987 75 CENTS
    13 words
  • Article, Illustration
    FINANCIAL NEWS SUMMARY
    185 1 Overseas markets Friday HK Hang Song Indox 3208.84 (-20.31 Sydney AJI-Ordinarios 1833.7 33.7) Tokyo Nfckoi Avorogo *****.48 (-170.98) Thundoy Now York (Dow Jonas) 26.94) London (FT 30 Indox) 1794.6 22.5) Slmax DM (Sop)0.5478 (-26) Euro-$ (Sop) 92.84) Yon (Sop) 0.*****9 (-69 Pound (Sop) 1.6080 (-35 Nfckoi Indox
    185 words
  • Article
    Lock icon Bank Negara finds evidence against nineteen
    230 1 Bernama NINETEEN deposit-taking institutions had been found to be conducting activities which contravened the Finance Companies Act, 1969, Malaysian Deputy Finance Minister Senator Mohamad Farid Ariffin said yesterday. He said that Bank Negara investigations had produced strong evidence that the institutions had violated provisions
    Bernama  -  230 words
  • Article, Illustration
    Heavy demand moves index 18 points
    290 1  -  By LISA LEE HEAVY DEMAND from institutions and small investors pushed share prices up across the board in active trading yesterday. The Straits Times Industrial Index surged by a hefty 18.58 points, posting yet another new record at 1287.28. The more broadly-based Business Times
    290 words
  • Article, Illustration
    Hire-purchase association on the trail of vanished cars
    434 1  -  Survey to ascertain seriousness of problem By ALVIN TAY Banking Correspondent THE HIRE-PURCHASE aaaociation is concerned that last year's sbolition of car permits for entry into Malaysia may have been a major factor behind a riaing number of cars which could not
    434 words
  • Article
    Lock icon Malaysia has an edge, says minister
    250 1 Bernama MALAYSIA has investment opportunities, incentives and facilities comparable with those of other Asean countries, especially for export-based industries. Parliament was told yesterday. Deputy Trade and Industry Minister Datuk Kok Wee Kiat said the country might have a comparatively higher labour cost, but this
    Bernama  -  250 words
  • Article
    Lock icon KL High Court dismisses Datuk Low's application for bail
    274 1 Bernama THE HIGH COURT in Kuala Lumpur yesterday upheld a «anions court's rejection of bail for former Ka Wah Bank vice-president Datuk Low Chang Hian. who is wanted by the Hongkong government for alleged criminal breach of bust involving M 5293
    Bernama  -  274 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      230 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM mm OUR VIEW SOME ARTISTS have complained about the scarcity of models who can pose nude for art students. It is sad that societies should have a problem accepting artistic nudity, which is to be entirely distinguished from nudity for other purposes. Art recognises,
      230 words
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      Page 1 Advertisements Column 2
      315 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM On a clear day, you can stay on a kelong forever Page 9 hinri Trtm What brings out the be(a)st in a woman? Page 9 Dancing superbly in the dark Page 10 Going hungry may be good for you Page 10 TV programmes for
      315 words
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  • HOME NEWS
    • Article
      Slight upturn in lending by finance houses
      368 2  -  ■yJ SOH TIANG KENG Financial Corraapondant SINGAPORE'S finance companies, after being hit badly by recaasion during tha past two years, hava stsged a recovery in landing activity. Tha Monatary Authority of Singapora. in Its letest monthly bullatin, sttributes this "modarsta upturn" to mora
      368 words
    • Article
      Olivetti joins industry upgrading scheme
      279 2 LEADING ITALIAN office automation company Olivetti has joined fiva other multinationala in a government acheme to help local industries upgrade. The other five MNC participant» are Philipe. Hewlett Packard. Maxtor, AT&T and Matsushita Electronics. A spokesman tor Olivetti Singapore (manufacturing division) yesterday aaid the company
      279 words
    • Article
      All's well at accountancy faculty in NTI
      140 2 OR TONY TAN. the Education Minister and also Minister in Charge of Nanyang Technological Institute, yesterday visited the new-ly-constructed accountancy buildings at NTI. Ha spoke with the staff and students of the faculty to find out their views about the transfer of the
      140 words
    • Article
      Sounding the alarm over false calls
      306 2 FIREMEN'S enthusiasm for their jobs is being dampened by an alarming trend almost every alarm sounded by automatic fire alarm systems in buildings turns out to be false. Last year, the Fire Service responded to 3.402 calls activated by such systems. Only 120 proved
      306 words
    • Article, Illustration
      BG Lee urges bosses to invest in their workers
      517 2  -  By ANNA TEO SINGAPORE EMPLOYERS could take a leaf from ttMir American, Japanaaa and Franch countarparla who invaat haavily in upgrading worker akilla, aaid Trade and Induatry Mlnialar, BrigadierGeneral (Raa) Laa Haian Loong yaatarday. Tha Republic atiii facaa an uphill taak
      517 words
    • Article, Illustration
      Yearly wage talks good, but not so bargaining on benefits
      558 2  -  "y CHUANG PECK MING MORE EMPLOYERS and unions have decided on yearly wage talks but bargaining on fringe benefit* has also become more often, the latter an unhealthy trend, said Labour Minister Lee Yocfc Suan yesterday. Longer, and so less
      558 words
    • Article
      STPB names two more awards for tourism industry
      206 2 THE SINGAPORE Tourist Promotion Board (STPB) is introducing two more categoriee of tourism awards this year, bringing the total to nine. The new categoriee are the "Beet tourism photo" award for the photographer whoee works best depict and sell the Singapore tourism
      206 words
    • Article
      More business class seats
      94 2 SIA PLANS to reconfigurate its existing fleet of 11 Boeing *****0 aircraft to allow for more business class seats. The reconfigurstion will mean 56 business class instead of 40 business class seats per aircraft. The number of first class seats per aircraft will then be reduced
      94 words
    • Article
      Now for Istanbul and Port Moresby
      105 2 SIA IS ADOfNG Istanbul and Port Moresby to its network in October. The airline will operate a weekly service to Istanbul in Turkey from Oct 29, and a twiceweekly joint service with Air Niugini to Port Moresby in Papua New Guinea from Oct 28.
      105 words
    • Article
      Employers' federation reviewing its activities
      187 2 THE SINGAPORE National Employer»* Federation is trying to revamp its activities in a big way. For the first time, it lias gathered members together to tell the SNEF what it should do. Following SNEF's 7th annual general meeting yesterday at the Marina Mandarin Hotel, a
      187 words
    • Article
      SHIPS IN PORT
      1026 2 AT CONVENTIONAL WHARVES ®WBI MvvfW IMOWv KlPPt WHAWV CokMM Cdo Moo* n K32 0607/1300 K2I alongside 0607/0600 Equolor Krti MM K22 atoagrida 04X7/OSOO K24C atoagrido 04XJ7/ISOO MM CIO oiongside 04 07/0(00 Kotoi K33 atoagrida 0607/0600 Mudorahon K3I otoagwda 0507/2300 Nid NoQOwh CD9 aioagrido 04 £7/1900 Nid Nogoyo
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      105 2 NOW FOR A LIMITED PERIOD ONLY Stay two nights with us and enjoy... An extra night free OR A Ss7s gourmet meal at no extra chaige Coming home at *Ss7s++ gets even better! When you stay with us for two nights, you can stay on for a third night or
      105 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Outcome of Seoul election is anybody's guess
      291 3 Reuter THE RESULT of South Korea's promised direct presidential election this year is uncertain for one very good reason: nearty 60 per cent of the electorate has never cast s ballot, and nobody knows what they think. Since the laat open presidential election
      Reuter  -  291 words
    • Article
      Lock icon Exporters concerned over won's rise against dollar
      255 3 AFP SOUTH KOREAN EXPORTERS, especially in the textile field, have urged the government to lower interest rates and curb the rise of the won against the US dollar to halt a decline in corporate profitability. The exporters, who met Minister of Economic Planning
      AFP  -  255 words
    • Article
      Lock icon Saudi Arabian non-oil exports on the rise
      491 3 AP A SAUDI ARABIAN company announced on Thursday that it was sxporting 400,000 circuit breakers to Britain, reflecting the increasing non-oil export activities of the Gulf kingdom. Saudi Arabia is the world's largest exporter of crude oil, and has used its petrodollar earnings
      AP  -  491 words
    • Article
      Lock icon 'Aussie opposition catching up'
      138 3 AFP WITH AUSTRALIA general election one week away, the oppoeition is rapidly closing the gap on the Labour government An opinion poll published yesterday in the Melbourne Sun, Australia's biggest daily, gave the Opposition Liberal and National Parties a combined vote of 45 per cent compared
      AFP  -  138 words
    • Article
      Lock icon Taipei moves to lift martial law
      132 3 AP TAIWAN'S Cabinet yesterday sent to the Legislature a proposal to lift martial law imposed by the ruling Nationalist Party 38 years ago, officials Mid. The proposal approved by the executive Yuan, or Cabinet, on Thursday states that martial law has effectively maintained national
      AP  -  132 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      784 3 ARRIVALS Operator wfTriCf local From MA IU21 1100 IWM GU GA960 1100 CGK SU SQ1Q5 1105 KUL SU SQ201 1145 CGK SU SQI91 1155 FEN SU SQ238 1155 MES THAI TG403 1155 IKK MAS MH682 1230 KCH GU GA940 1235 MES 9A SQ107 1250 KUL SA SO
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    • Article
      Strikes may upset economic recovery, Aquino warned
      259 3 TOP FOREIGN and local businessmen on Wednesday warned President Corazon Aquino that strikes and industrial unrest in parts of the country could derail the economic recovery unless the government intervenes decisively and effectively. The warning came in a letter to Mrs Aquino signed
      259 words
    • Article
      Lock icon Tokyo under pressure to look into missile deals
      444 3 FT THE JAPANESE GOVERNMENT ia coming under pressure from an angry Diet to investigate claims that US companies illegally sold missile technology to communist China through Hongkong and that these missiles ara now aimed at Japan. In an ominous escalation of political
      FT  -  444 words
    • Article
      Lock icon Split in Japanese party faction
      282 3 NYT AS POLITICIANS in the governing Liberal Democratic Party begin to prepare for a leadership election in October, the party's moat powerful faction, led nominally by former prime minister Kakuei Tanaka, has split into three groups. Mr Tanaka. who ia 69 years old, suffered a
      NYT  -  282 words
    • Article
      Lock icon EC ministers agree on this year's budget deficit solution
      414 3 Reuter EUROPEAN COMMUNITY (EC) budget ministers hammered out broad agreement on Thursday on how to cover a budget deficit of over six billion European currency units (US$7 billion) this year. But the difficulty of the talks, which lasted over 18 hours,
      Reuter  -  414 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      58 3 JI \l If Il£ The business person's choice, every I II X 111 1 Tuesday. Thursday, Saturday and I 1 1 Ml \l II Sunday. Leaving Changi Airport at 1 IW J l JL V.J 22:05 hours and arriving at Lester B Pearson International Airport the following day. Call your
      58 words
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      Page 3 Advertisements Column 2
      110 3 M Moutre Pte Ltd 989 Bukit Timah Road. 3rd Storey Building 9. Singapore 2158 Tel *****66 Give Business Gifts when a Cross emblem pen can That Last A prominently displayed they make highly valued business gifts, both within your own company and to the many people with whom you do
      110 words
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  • FOCUS
    • Article, Illustration
      Asean private sector looks at the way ahead
      1311 4  -  By ZHOU MEI Economics Correspondent THE MESSAGE from the private sector to the governments of Asean is: "Maximise free enterprise; minimise government intervention; deregulate." This is emphatically spelt out in the report Asean; The Way Forward. The report is the private sector's
      1,311 words
  • COMMODITIES
    • Article
      Rubber
      246 4 SMQAPORE The market closed higher yesterday with August One RSS buyers quoted at 218.50 centa/kilo, up one cent from Thursday. The morning aeeaion loat 1.50 cents mainly on lower overaeaa advicea and some long liquidation in quiet trading. The market staged a recovery in afternoon trading in response to
      246 words
    • Article
      RAS and MRELB
      283 4 RAS prices mt< MMg.FI MUM M NOON CLOSE kit 1 ISS Prom pt 218.00 219.00N ouywn 220JO 221 JON Int 1 RSS Aug 87 21 AM 216 JO 218 JO 219 JO Int 1 ISS Sap 215.00 215J0 217J0 218J0 In* 2 RSS Of 209.50 211 JON
      283 words
    • Article
      SSR and SMR
      80 4 J i poMatt) AUGUST 87 SEPTEMBER 87 (currant month) (forww •d month) RAS NOON NOON S»>«n lnytn Silin SS* 30 187 JO 119JON 186.50 188 JON SSt 50 186.00 187.00N 185.00 I8M0N r dl:| Saltan SMI CV 370.00 272.00N 271.00 273.00N SMI L 269 JO 371 JON
      80 words
    • Article
      Produce Prices
      253 4 Soton* noon Ma prh My 3 ($1/100 kg] m oh Coconut oil M FOt 97j00 ow dMt rat 1074)0 Now drum FOt 1114)0 Copra 4WMd ||oo^| 59 Coffee aoton ATI FOt NSW ***** AF2 FOt NSW 3654)0 B(1 FOt NSW 3754)0 MM*. 20/25% rot nsw 3254)0 Nutmeg 110
      253 words
    • Article
      Precious Metals
      269 4 HONGKONG: OOtO yeeterday cloeed lower on late selling by mainly Swiss interests following a rally by the US dollar on Japanese Prime Minister Nakasone's remarks that the Venice summit accord helped weaken the yen. The metal closed at U*****.30/80 an ounce against an initial 446.60/447.10, below New York's
      269 words
    • Article
      London Markets
      305 4 London Commodity Exchange Ivytf/ScMtr doA ig prioM on My 2 U/tMM wi PtvHow doting pi to* yidflod). to* In Coflt» kah In <ora Land OF London on, —lira option My 1222/1225 H*h/U>w (1230/1235) 1230/1216 W 1262/1263 (1267/1268) tflgh/Low 1270/1256 SbIii (1390) COCfH My 1347/1350 H^t/low (1331/1338) 1356/1334 s-p
      305 words
    • Article
      Palm Oil
      459 4 Crude palm oil Mures yesterday closed marginally steadier in moderately active trading. Despite the firmer trend, the market turnover fell to 153 lots from 269 lots on Thursday. Dealers attributed the weaker buying intereat to lower overaeaa advicea. They added that the current campaign by certain countries againat
      459 words
    • Article
      Oil and Products
      70 4 AN ACTIVE END to a quiet week. Naphtha was the only product to show weakneaa. Fuel oil and LSWR remained firm. Crude (FOB origin) USI/borral Chonga DiM (Aug) Wm> 17.38 0X3 WTI (Aug) 20.60 0.12 Products (FOB S'pore) USS/borr* 3>ong* GomA i 21-50 21 JO undi undi
      70 words
    • Article
      Soybean
      92 4 SOYBEAN futures in Chicsgo on Thursday closed 4% to 2% US cents higher, near session highs, with November up four cents at $5.4814. Pricea opened higher and held near session highs as a partial recovery in late trading on Wednesday spilled into Thursday's session. Soyoil futures closed 0.23 to
      92 words
    • Article
      Wheat
      96 4 WHEAT futures in Chicsgo closed six to 314 US cents higher on Thursdsy, with July up six cents st $2.63% a bushel. Prices moved higher amid rain delaya in the wheat harveat, which limited marketinga and kept hedge preaaure off the market Corn futures closed one to K cent
      96 words
    • Article
      KL Tin
      113 4 THE Kuala Lumpur tin price fluctuatad narrowly lak iMAiIMttA hi inicnvi irNing ytvurday to doaa unchangad at Ho overnight's M 516.48 a kilo. Soma continued Japanaaa and Europaan buying halpad Ida market to maintain lis ifvti ottpnf a lack of fraah fundamental factors and poor loads from Europo.
      113 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      33 4 Doonesbury BY GARRY TRUDEAU BARELY CAUSES A RIPPLE. UJ m CM V If N HEARTLAND NCARA&JA, ON THE OTHER. HAND... HSnUUm peer, ABRAMS MISLED BZohCDNGR&SS! R995 &BRAMS /IT ON! "T" 9 ;t< S:S*
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  • BANKING AND FINANCE
    • Article
      Lock icon French interest rates may be reduced
      504 5 Reuter FURTHER ACTION could be taken to cut domestic French intersst rates after this week's cut in the Bank of France money market intervention rate if conditions are right, Frsnch Finance Minister Edouard Balladur said. In answer to questions after a speech in Frankfurt,
      Reuter  -  504 words
    • Article
      Forex markets
      1049 5 SINGAPORE: The US dollar yesterday closed firmer "fcgainst most major currencies on buying interest by Asian and European operators. Dollar sentiment was aided by JapaPrime Minister Yasuhiro Nakasone's remarks that the Venice summit "fpcord on currencies helped weaken the yen and by news that Japan's current account and
      1,049 words
    • Article
      Lock icon M'sian insurers urged to review strategy
      177 5 Bernama ES THE MALAYSIAN life insurance industry should study its marketing strategy to bolster its growth, director-general of Insurance Datuk Ismail Mansor said in Kuala Lumpur on Thursday. A weak marketing strategy will not enable the insurance industry to fully penetrate the market, he
      Bernama ES  -  177 words
    • Article, Illustration
      Lock icon Sterling keeps within target range
      470 5 Reuter STERLING has been trading around the value agreed last February in a six-nation accord to stabilise currency markets, and the British government has made a tidy sum keeping it there. Others involved in the Louvre eccord the US, Japan, West Germany, France and Canada
      Reuter  -  470 words
    • Article
      Simex/IMM
      527 5 SEPTEMBER Eurodollar gapped up 9 ticks higher at 92.79 during Simex'a opening. The market edged up to 92.81 before easing to 92.77 on profittaking. News that Japan's current account surplus narrowed in May saw the September contract moving to a high of 92.85 before cloeing at 92.84. September lIS
      527 words
    • Article
      Asian $ market
      209 5 Asian market ASIAN DOLLAR deposit rate* closed steady at opening levels after a day of quiet trading yesterday. Short-datss were mostly steady st the outset snd remained unchanged. Weekend closed at 0% 0% per cent and week-fixed at 613/16 611/16 per cent Asian dollar CD rates ended steady. One month
      209 words
    • Article
      Money markets
      67 5 THE OVERNIGHT rale on the Singapore interbank market fell aix points from Thursday to end at 6 per cent yesterday. The one-month term rate rose 1/8 point while two-months rose 1/16. Three-months remained unchanged. S$ Interbank rat«s at 7pm y*st*rday: owor mo Orm«M» 5 1/2 InaanMi 4 3/t
      67 words
    • Article
      Government securities market
      84 5 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO omt HKX LOW 3 month* RQ*****Z 01.10.87 3.15 3.05 3.10 2.94 6 inmate BS*****F 24.1247 3.25 3.15 3.17 2.98 1 y*or BY*****S 30.06.88 3.25 3.15 3.25 3.16 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing
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    • Article, Illustration
      World interest rates
      166 5 P rtme laiMnf i=7l2 TTii-pin 1 1 ates (offer/bid) on July 3 us$ t DM SWfC Y«n 7 doyt 13/1* 11/1* ♦1/1-3/1 3 11/1* t/l* ii/i-ir/i »i/a 3/» 1 IS/1* 13/1* 'J/l- 1/4 3 3/4 J/« 3 1/3-3/3 1 7/» 3/4 3 mtfi 7 *7/« 7/1* J/1*
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    • Article
      Lock icon Lawson wants improved secondary debt market
      337 5 Reuter UK CHANCELLOR of the Exchequer Nigel Lawson hss welcomed recent moves by commercial bonks to improve their balance sheets and said such action should lead to more market-reieted solutions to Third World debt He told Parliament on Thursdsy that "the commercial banks hsvs
      Reuter  -  337 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      459 5 SHERIFF'S SALE MOTOR SMP OR VESSEL "SAFE I (Admiralty in Rent Ho. MS of PARTICULARS OF' Name of Vassal Port of Registry Typo Tonnage Equipment/ Machinery (e) TWOAI Non-propeeeo onsnore oerge duni in 1972 and converted into 1963 with capacity of 120 beds. A helped is provided on top of
      459 words
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      Page 5 Advertisements Column 2
      392 5 NOTICES SINGAPORE MALAYSIA OVERSEAS LINE PTE LTD (In Membcri Voluntary Liquidation) NOTICE OP PINAL In 4V I 4 f,J I (Pursuant to Section ao*i» NOTICE IS HEREBY OIVEN in pursuance to Section 306(1) of the Companies Act, Cap 50, that a general meeting of the abovenamed Company will be held
      392 words
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      Page 5 Advertisements Column 3
      394 5 VOLUNTARY LIQUIDATION) v ;iii > fi A < r Jin At an Extraordinary General Meeting of the Company convened and held at 67 Borthwlck Drive, Singapore 1956 on the 30th day of Jane 1907, the following Special Resolutions were duly paased:1. That the company be woand op voluntarily pursuant to
      394 words
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  • WORLD MARKETS
    • Article
      Lock icon Most British investors shy away from TSE
      320 6 Reuter MOST UK INVESTMENT advisers and managers with an eye on the Far Eaat reckon the Tokyo Stock Exchange will rise to new records by the end of the year, yet none contacted will risk a buy recommendation. Although they unanimously consider the
      Reuter  -  320 words
    • Article
      Lock icon Buying momentum stays strong
      902 6 New York Reuter BARGAIN hunters converged on Wall Street on Thursday and stock prices roee, erasing a good part of the week's losses but volume dwindled ahead of the long Independence Day holiday. But analysts cautioned that with a lot of uncertainty about upcoming second quarter
      Reuter  -  902 words
    • Article
      Lock icon Premiums rise on Seoul stock market
      320 7 Reuter MOST INTERNATIONAL fund manager» see South Korea's stock market as having the beet capital growth prospects in the world, but they said investors must consider the huge premiums now necessary to get a piece of that market. Foreign analysts in Seoul said the
      Reuter  -  320 words
    • Article
      Lock icon Hutchison to buy over Du Pont's S'pore, HK units
      125 7 AFP HUTCHISON WHAMPOA Ltd of Hongkong has signed a letter of intent to buy the explosivea business in Hongkong and Singapore of American firm EI Dupont de Nemours and Co Inc. Hutchiaon ia to buy tor an undiecloaad aum 100 per
      AFP  -  125 words
    • Article
      Untitled
      1162 7 Selected Indices HONGKONG Hongkong Index 2079 78 Thundoy *****0 Wook ooo *****9 Hong Seng Index Friday 3208 84 Thunday *****5* W*k ogo *****8 All Industrials Friday Thunday Waak ogo NEW YOIK Dow Jones Thunday WadnMday WMk ago ***** 2643 3 ***** 2436 70 2409 76 *****5 TOKYO Nkkei Average FrMoy
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    • Article
      Lock icon Grand Met buys into Martell
      85 7 Reuter BRITISH DRINKS and hotels group Grand Metropolitan PLC has taken a 10 per cent stake in French cognac company Martell et Cie and agreed on a common drinks distribution network. The agreement was signed between Grand Metropolitan's drinks subsidiary International Distillers and Vintners (IDV)
      Reuter  -  85 words
    • Article
      Lock icon Stocks rise across the board in early trading
      788 7 London Reuter SHARES MOVED higher •cross a broad front in early business yesterday, extending Thursday's sharp gains and drawing support from Thursday's higher Wall Street cloee, dealers said. They noted there was evidence that some of the Japaneee interest seen on Thursday
      Reuter  -  788 words
    • Article
      Tokyo
      482 7 TOKYO: Prices closed lower in heavy trade yesterday as bond prices eased and the continued strength of the dollar against the yen spread fears that money may be about to leave Tokyo stocks. The market index fell 170.96 to 24.465.48. falling from an earlier peak of 24.860.88. Declines just
      482 words
    • Article
      Hongkong
      365 7 HONGKONG: Share prices cloeed lower on fairly heavy profit-taking yesterday after the market index set a new high on Thursday. The Hang Seng Index fell 20.31 to end at the day's low of 3.206.84. The Hong Kong Index waa down 13.02 to 2.079.78. Turnover was a heavy one at
      365 words
    • Article
      Seoul
      116 7 JULY M WON ***** +<■ unch -200 Kai 1/ n fi.Mfi n 1 r* il Mnowon no 1906 ***** ***** 70 100 300 ■000 Kia Motor 0»«woo Corp Da««»oo Haavy Oawhm Sacurtttaa ***** ***** 4200 ***** 200 •00 -20 100 Koraa Long Tartu Lucky Ltd Ortantal Brawary.... ...2000 1570
      116 words
    • Article
      Manila
      78 7 JULY n KKW T Oriental B 0925 +***** PMI OWMM 0 24 -001 Angio Phil.. .7. 0 024 uncfi PhtlaM B 0 63 uncft Apt* Mining B 0.12 UDCtl PLOT.™ 645 +15 B«gulo Gold San Miguel B 210 -10 unch ♦a 3 35 0 083 unch Bonguat Con B
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    • Article
      Taipei
      241 7 JULY All Sincere Indu* Aiti Cement NTS 4.14 44 00 +<- •006 •0.1 KaNn. Kuochan Dav Laa Chang Yuan 27.40 31 70 -06 -0.3 Catttay Con*. Uwa BanL wwng nwa Mnx. •1.00 77 00 -25 •4 Lian Hwa Indue Nan Ya Ptaa 21 JO 36.60 0.2 -05 CiMna Loong
      241 words
    • Article
      Sydney
      436 7 BYDNEY: The Australian shares closed sharply higher yeaterday aa demand for share index futures spilled into the market The September Share Index Contract roee to a record 1,697.0, a 63.3 point premium on the underlying index. The All Ordinaries Index roee 33.7 to 1,833.7 as the All Industrials Index
      436 words
    • Article
      Lock icon Bangkok
      146 7 Reuter BANGKOK: The Securities Exchange of Thailand Index edvanoed 8.77 to *1422 en a turnover of 4»4J86 shares worth 273.76 mitton JULY Ac Kham That MKT 194 4-4 Matoc Puat I PuSiiN in (M *+M Banli C» Ayudhya n t 32* 171 ~.m unch +27 Saha 31am Mm Union..
      Reuter  -  146 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      845 6 R id WiM, itiM fffltl 999 9 9 Hong Kong DianXin on Saturdays, Sundays and public holidays Enjoy 27 selections of fine Dian Xin delicacies, prepared by chefs from Hong Kong, using only fresh, quality ingredients from 11 am to 3pm. At the Pheasant RoOm (2nd floor) where Dian Xin
      845 words
    • Advertisement
      Page 6 Advertisements Column 2
      188 6 Julie Rogers rveatlheKsstah! i O More than 20 years after her smash hit, The Wedding, the calls for an encore keep coming. Showtime: Sun to Thur 11.15 pm;Fri& Sat 11.45 pm. Also appearing: Perry De Guzman Band from Manila and Victor Khoo Productions'disc jockeys. First drink: $24 Sim to Thu;
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      472 7 I t*Wi 1/ Sunday Brunch: A great family outing. If s a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entiees, roast... right through to pastries, puddings, fruit salad and cheeseboard.
      472 words
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  • PERSPECTIVE
    • Article
      Truth is having nothing to hide
      560 8 NUOfTY is s subject that suffers from association. To talk about a nude is to causa a snigger which might rscads into assumed seriousness. It is strange that this should be the case. A nude is. after ail, a human body In its most
      560 words
    • Article, Illustration
      Lock icon Aussie political parties get the rap
      1109 8  -  In exasperation at the lack of hard proposals for dealing with Australia's financial problems, leading businessmen united this week in unusual criticism of both the ruling Labour Party and the Liberal-National Party. ROBERT WOODWARD reports ROBERT WOODWARD Reuter WHILE POLITICIANS campaigning for the July
      Reuter  -  1,109 words
    • Article
      Embassy clarifies reports on TV parts dumping
      292 8 letters to the Editor Dear Sir The US Emboooy wished to clarify recent press reports concerning the dumping of television parts in the US market The term "dumping" refers to the practice of selling products in a particular market at a price less
      292 words
    • Article
      Call to liquidate trusts
      80 8 Dear Sir I refer to the letter from "Shareholder of OUS. GSi, UIS and Harimau". which appeared in BT. Weekend Edition, June 27-28. I totally agree with the contents of his letter. I am also a small shareholder in the four inveetment trusts mentioned above and
      80 words
    • Article
      Odd lots trading
      64 8  -  Peter Chia PiAHc ftßiin Dear Mr We refer to the letter by "Investor" (BT June 20). The Exchange doe» provide the facility for the trading of odd lots on the trading floor. Bye-Jaw IV 1 (7) governs the procedure for transactions in quantities other than board lots.
      64 words
    • Article
      Students in West Germany are not politically apathetic
      264 8  -  Chan Eng Chye rvyvrii nvyuuivc w Hieny Dear Sir I would like to refer to your report on June 2 concerning the meeting between Briga-dier-General (Ree) Lee Hsien Loong and the students studying in Weet Germany during his visit to Frankfurt Your
      264 words
    • Article
      Why it is hard to decide on Porms offer
      288 8  -  Ong Chang Lin I am one of those who have received a letter from Porms Sdn offering to buy any shares in Federal Cablee, Wires A Metal Manufacturing. While I am tempted to aocept the offer, I find it hard to
      288 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      38 8 BT wtlconiM l«tt*rs from readers. Your your signature, fufl name, addrese, am numbers, if any. You may add a pseudonym, if you i Address your letters to: The Editor. Bueinees Times, 990, Kim Seng Rood, Singapore 0«23. J*
      38 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      755 8 CRYPTIC PUZZLE ACROSS 9 Not colonised, which disturbed one (9) 10 Making it clear to a body by innuendo (8) 12 Incline to be a cad (4) 13 Water when the first leaves appear (6) 14 A dull film (7) 15 Air opening a tile is treated to get (9)
      755 words
    • Miscellaneous
      Page 8 Miscellaneous Column 2
      19 8 BnStoW":F®fiiclacfcer£ ThKT is correct, Def\R Full PARK'S FOR OfeSe^V/M10N.... ev€J?y GeNeßpaioM SPIP^UXS IT'S OOSH Bee£D OF BUYING CuERXS no
      19 words
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  • Exicutive Lifestyle
    • Article
      STRAWS in the Wind
      196 9 THE DEVELOPER who named his latest residential project in a smart part of town, just off Orchard Road, must have had very fixed ideas of what turns on the nouvaau rich*. The snobs would love the name of the pricey apartment block. Just think, if you
      196 words
    • Article
      Lock icon What's your excuse this time?
      229 9 TRENDS Frankhurter Runechau TWO LAW STUO6HTB In QoMngan, Waat Oannany, hava bagun an ■■can buiadng aarvtca. Jorg Zahandar, 11, and Roman Rahn, 20, toaadad Zaro (from ZEhandar and ROman) aftar Rahn taflad la turn ap lar an Important toduro. Aa fliay oaakad ap an aacuaa
      Frankhurter Runechau  -  229 words
    • Article, Illustration
      Bringing out the be(a)st in a woman
      981 9  -  With JAIME LYE YOU'VE HEARD ENOUGH of the army making men of boys. But I tell you, there's nothing like s good dose of bargaining to bring the beast out of s woman. It happens every time I am transported out of this
      981 words
    • Article, Illustration
      On a clear day, you can see forever
      1358 9  -  By BRIAN MILLER THERE WAS NO NEED tor any waka-up call. Wa would not hava miaaad patting up aartv, M only to watch tha aun riaa. Samaona onca said that thara'a nothing mora rafraahing than waking up to tha call of awaltowa
      1,358 words
    • Exicutive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        Dancing in the dark
        480 10  -  DANCE By LISA LEE YOU COULD call Graeme Murphy Australia's dance extraordinaire he fits the term like a well-worn ballet slipper would fit a dancer's foot All he has to do is get on stage, wriggle his toes, shrug his shoulders in that particular way, and
        480 words
      • Article
        Going hungry may be good for you
        911 10  -  HEALTH ■y RICHARD SEAH FOR CHARITY'S SAKE, a humanitarian aid agency is asking people in Singapore to take part in a 30-hour fast next weekend from 2 pm on Saturday to 8 pm on Sunday. The event is being organised by World Vision
        911 words
    • Exicutive Lifestyle
      • Article, Illustration
        A place with a Sixties soul
        772 11  -  NIGHTSPOTS ■y BRIAN MILLER IF YOU WERE lucky enough to have been brought up on the music of the 60s, then you must or should know Jimmy Chan. He wes the guy thumping the keyboerds in s pop group called The Flamingoes. Later, after
        772 words
      • Article
        A flush in place of a blush
        171 11 mm A PROLONGED drought is boosting sales of a device which imitates the sound of a flushing toi- *nd spares Japanese women's blushes. With Tokyo facing water restrictions for the first time this decade, more offices are installing the devices to discourage excessive
        171 words
      • Article, Illustration
        Something to change your mind
        412 11  -  Martin Soong Let me take you by the hand and lead you through the streets of London I'll show you something to make you change your mind. I'VE NEVER BEEN to sn English pub. I mean a real English pub. the kind in England. But
        412 words
      • Article, Illustration
        Those lovable swine
        788 11  -  ARTS AND CRAFTS By CHARLES BAVAGE THEY HAVE LITTLE eyea that pop out and big eera that flop over, half covering their facea Their piggy snouts are curled exproaalvely. seeming to squeal out endearingly to paaaera-by: 'Take me home." They are tat. spotty, ungainly, humoreua and funny-looking
        788 words
      • Article
        Those who can, play Monopoly; those who can't...
        328 11  -  CONTESTS -IV Walton Morais THE FINE ART of British diplomacy was conspicuously missing at The Pavilion Intor-Conttnenta last Saturday when the Brttteh High Commission took to the toblee with Business Times in a monopoly match. In a match that waa played using
        328 words
      • Article, Illustration
        For posterity's sake
        650 11  -  CARS ■y MARTIN SOONG my FIRST CAR waa a Toyota Corolla. A muddy-brown, twodoor coupo. circa 1974.1 waa the third owner. My brother bought tt to uae as a second car. He gave it to me as a birthday present and as a tax write-off for himeetf.
        650 words
      • Article
        BILLBOARD
        627 11  -  Compamdby Sakina Dhilavena CINEMA: Jta*e at Honour—starring Sho Koaugi. Showing at Cathay: 11; 1.30; 4; 6.30; 9 and Kreta Ayer People's: 1; 3.30; 7; 0.30. AmoMtng Marias Showing at Capitol: 11; 1.30; 4; 6.30; 9.15. Bororty HMo Cop I—starring Eddie Murphy. Showing at Lido: 11; 1.30; 4; 6.45; 9.15
        627 words
    • Exicutive Lifestyle: Sports
      • Article
        Nostradamus looks set to take home the Gold Cup
        609 12  -  BT's Gold Cup quartet: Nostradamus Whimsicality Chinese Wall St Gallen on TMCK with Brian Miller P NOT going to bother to look flhfond Nostradamus for the winfir of thia yaar'a Singapore Qold ■p. to ba run ovar tha 2,200 m pp
        609 words
      • Article
        Swee Wah shares fifth slot at Johor Classic
        536 12  -  GOLF •y WALTON MORAIS Um SWEE WAH continued to be to# best performing Singaporean on the Malaysian professional gptf circuit as M Ramayah and Um CM San shared toe lead at Ap half-way stage of toe Royal Johor Classic in Johor Bahru
        536 words
      • Article
        Lock icon Langer shares lead in Irish Open
        147 12 Reuter i WEST GERMAN Bemhard Langer snatched a share of the firstround lead when he mastered a testing wind to Join Briton Gordon Brand on 67 in the Irieh Open golf championahip on Thursday. The pair ended the round five-under-par and one ahot clear
        Reuter  -  147 words
      • Article
        Lock icon Verhoeven wins opening stage, Piasecki takes overall lead
        313 12 CYCLING AP NICO VERHOEVEN of the Netherlands won the opening stage of the 74th Tour de France on Thursday, but Lech Piasecki of Poland took the overall lead because of a faster time in the individual trials. Piaaecki, 25, was the second
        AP  -  313 words
      • Article
        Game, set and match to Singapore
        188 12 SINGAPORE received an A-1 rating for its organisation of former tennis superstar Bjorn Borg's exhibition event here last November in conjunction with sponsor Scandinavian Airlines System's 40th anniversary. Mr John Damstroem, SAS sports promotion manager in Stockholm, said in a telex that Borg's visit
        188 words
      • Article, Illustration
        The art of slam bidding
        665 12  -  BRIDGE By MIKE THUMBA MANY TOURNAMENTS have been lost or won mainly due to some slam bid and made or bid and lost. But slam bids are such a tantalising challenge that few people miss a chance to try their skill at slam bidding. This
        665 words
      • Article
        Thanks for the memories, Chrissie
        591 12 TENNIS WIMBLEDON '87 WHILE CHRIS EVERT will no doubt be remembered as the most popular player of her era, some would have her charged with criminal damage for what she did to women's tennis. Evert, now 32, has always been pleasing to look at In
        591 words
      • Article
        Results
        93 12 Mnals: 1-Martina Navratilova (US) bt 3-ChrJs Evert (US) 6-2 5-7 »4. 2-Steffl Graf (WG) bt 5Pam Shriver (US) 6-0 6-2. iiftMhlaa "wiwti wveviwi Quarter finals 3-Claudia Kohde-Kitsch (WG)-Hele-na Sukova (Czec) bt 0- Ksthy Jordan-Ann* Smith (US) 7-6 7-5. 6Svetlsns PsrkhomenkoLarlaa Savchanko (SU) bt 1-Martina NavratilovaPam Shrivar (US) 6-2 6-4.
        93 words
    • Exicutive Lifestyle: Personal Investment
      • Article
        What shareholders stand to gain by registering
        780 13  -  SHARES OWE?®? By ROSIE TAN EVERY publicly-list»d company hat a register to racord tha namas. addresses and other particulars of shareholders. The list is updated whenever registered owners sell their shares and new owners reregister these shares in their names. wny rvywvi JVIH
        780 words
      • Article, Illustration
        Hardwood giant looks lean and ready
        1173 13  -  TIMBER STOCKS mm wmn by Ramesh Chandiramani IN THIS COLUMN two weekends ago. an overview of the Malaysian timber industry was made, detailing its past problems, current demand and supply situation and its brightening future proepects. The idea was to highlight that stock market
        1,173 words
      • Article, Illustration
        Welcoming Japanese excursions
        1139 13  -  MONEY MARKETS By RAMESH CHANDIRAMANI MONEY MOVES MARKETS. The more there is coming into the market-place, the higher prices get And If current tell-tale signs are any guide, the steady flow of funds out of Japan, as fund managers diversify their portfolios internationally. is liksly to increase
        1,139 words
      • Article, Illustration
        Dramatic upsurge by dormant trustee stocks
        368 13  -  «r RC THE DRAMATIC upsurge that has taken place among selected quality Singapore trustee stocks over the past two weeks, spreading out to several more counters yesterday, has markedly improved the complexion of this msrket Issues which have for long been dormant are now
        368 words
      • Article
        Lock icon Auction landmark in Paris paves the way to London
        560 13 ART Soheby's Research Departament THE ANNUAL art market season in New York is now virtually at sn and, and only a few relatively unimportant sales are left. The only one during the pest week which had sny significant impact on price
        Soheby's Research Departament  -  560 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      23 9 The American Express Card can usually be replaced within 24 hours or the next business day. Call us at 732 2244. Here tomorrow
      23 words
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      Page 9 Advertisements Column 2
      117 9 The Architects of Time II i v w «r -.r S>.V ft.A r A f! "fou buikl on the beauty olt an Ebel when you buy it at The Hour Glass. (8™ < J We know more about timepieces. When you shop at The Hour Glass you shop with confidence.
      117 words
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      2612 10 SLOTS TO WATCH Death Row, Chariots and Monte Carlo TODAY: 7lke Laot MM* (8.30 pm, Channel 12) is a chilling drama about life on Death Row. Preston Foeter plays a hardened killer who takes over the ceilbiock in an attempt to stage a breakout Baaed on John Wexley's play, this
      2,612 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      27 13 BT welcomes investment Ideas end viewpoints from brokers, bankers and readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0923.
      27 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Share prices chalk up aains across the board
      4252 14 IT WAS A DAY of hectic buying on the Singapore stock market yeetorday aa heavy demand from institutions and individual inveetors alike sent share prices up acroee the board. The Straits Time# Industrial Index cioeed at another all-time high of 1,287.28, a
      4,252 words
    • Article
      Chief price changes
      213 14 SINGAPORE Rises S P M *40 PAN 1190 WNIW 400 Tat Im M 100 Maapa 570 Mw).W* 379 NMraHMp 1190 M fcw—ita» 930' O* Da» SO* 4*3 MMT H SOt Mt OCIC 9SS Span land 7*0 Ha» Par S10 T M S 19* Grand C«H«I 100 Falls
      213 words
    • Article
      Business done on the SES
      4214 14 SECTION ONE MOUrnHAL COMMBICML Aom (2.32 B 233 St Q4I 241 Oil 230 (241 2.32 ffl 243 19 244 Ml 235 122! 235 O 236 ISO 233 HIS 234 Alcon 090 B 093 Si (21 090 131 0.91 (9 0.90 Aml M 50# 041 O
      4,214 words
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  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      818 15 Oananl fa ■aaka faBi ToM tor Tamil payment ataaa toa yaor toal ya Acme l%TE Jun 22 Jim 29 Jul 31 1%Tf «%rc Alax HMgt 4% Sap 3 Sop 10 Sap 25 9% I Sambowong 39% Jul 27 Aug 1 Aug 11 39% 20% Bota Kowan 9%l Jul
      818 words
    • Article
      Lock icon Consplant completes M$33m purchase
      142 15 Bernama ES CONSOLIDATED PLANTATIONS Bhd (Consplant) has completed its purchsss of Kulsi Estate and Kulai Palm Oil Mill from Banta Plantations Bhd tor M 533.61 million. This wss announced in a Joint statement yesterday by Consplsnt and Bents, both of which are members of ths Sime
      Bernama ES  -  142 words
    • Article
      Depository receipts system for CityDev bonds
      453 15  -  SES and KLSE give in-principle approval By AMY BALAN CITY DEVELOPMENTS Ltd has received in-principle approval from the Singapore and Kuala Lumpur stock «changes lor the use of depoeHory receipts to facilitate trading of its $148 million unsecured bearer hnnrfa DOfKSS. While bearer bond
      453 words
    • Article, Illustration
      Lock icon D & C banks on economy for improved profits
      507 15 D C banks on economy for improved profits MBT DEVELOPMENT COMMERCIAL Bank (D&C) is reasonably confident that a better profit picture will gradually emerge with the upturn in the economy. Disclosing this in his latest annual statement, chairman Qsh Ik Cheong said this was underscorsd by the bank's continued attention
      MBT  -  507 words
    • Article
      Kuala Lumpur stock market surges strongly
      3510 15 SHARE PRICES on the Kuala Lumpur slock market finished off-bast yesterday on light profit-taking in the aftarnoon with double-digit gains recordsd across the board. Plantation stocks were sctivsly pursued. Selected Singaporebased stocks also managed to catch the attention of investors and registsrsd handsoms gains
      3,510 words
    • Article
      COMPANY MEETINGS
      62 15 SMG MVESTMEHT8 ft FINANCE Limited: AGM at 96. Robinson Road, Singapore 0106, tomday at 11am. METAL BOX SINGAPORE Limited. 12th AGM at Hotel New Otani, Phoenix Ballroom, Level 6, 177A River Valley Road, Singapore 0617 on Friday, July 17 at 10.45am. METRO HOLOMGS LWM: 14th AGM at 65
      62 words
    • Article
      Lock icon Seacorp looking for investment opportunities
      112 15 Bernama SOUTH EAST ASIA Development Corp Bhd (Seacorp), the investment holding and securities trading group, is looking for investmsnt opportunity, says chairmen Datuk Or Syed M A Alhady. It preferred to look for opportunities in compenies with financial activities as it would be ctoeely related
      Bernama  -  112 words
    • Article
      Lock icon UEP sells stake in Faber Merlin
      81 15 Bernama UNITED ESTATES Project (UEP). a property development group, has divested its sntirs stake in Faber Merlin Melayaia Bhd, a hotel and property group. UEP told the KLSE yesterday that it had sold its entire 35.15 million shares in Faber Merlin or 11.3 per
      Bernama  -  81 words
    • Article
      Unit trusts
      252 15 Managm 1 prtcss LiiH H^ftA-luni for My 4 6 fir* S'putra Socoad S'putra npvTru 7j00 7.06 427 4J2 Singapore Unit Trust TW Co—na 1.14 IjOO \22 1X7 as2 OJS OJS 043 Third S'putra 4 79 4J4 Tha SavMgi Fund Four* S'putra 145 SJ0 S'por* frog M a« 0J2
      252 words
    • Article
      Lock icon MBf may allow some Emtex directors to stay
      344 15 NST MBf HOLDINGS, which la seeking to remove the entire board of Emtex Corporation next week, may allow certain directors to remain If they. can prove they hold aharea in the company. MBIH managing director Datuk Loy Hean Heong, who ia one
      NST  -  344 words
    • Article
      Ng Teng Fong's bid for Singapore Fodder still in limbo
      427 15  -  ■y ROSIE TAN PROPERTY DEVELOPER Ng Tsng Fong's attempt to take over publiclylisted Singapore Fodder Company Ltd is still in limbo. An order waa expected to have been made yeeterday to fix a date for hearing the motion to continue
      427 words
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  • Article
    Lock icon Opposition greets lifting of Taiwan's martial law with scepticism
    228 16 Reuter TAIWAN yesterday announced that It would lift martial law after 38 years but Opposition members of Parliament said that the national security law which would replace it waa martial law in disguise. The Cabinet yesterday sent to Parliament proposals to
    Reuter  -  228 words
  • Article
    Lock icon Indonesian foreign investment up
    319 16 AFP FOREIGN investment in Indonesia has catapulted 344 per cent from a year earlier to U*****.6 million in the first six months of the year, the chairman of the Investment Coordinating Board said yesterday. Ginanjar Kartasamita attributed the rise, reversing a threeyear falling trend, to the
    AFP  -  319 words
  • Article, Illustration
    Cathay strikes out on diversification path
    305 16  -  By JAIME LYE CINEMA GIANT Cathay Organisation Pte Ltd has bought ovar Jackie's Bowl, a popular bowling haunt in Orchard Road which lists tycoon Khoo Tack Puat as one of its shareholders. The takeover cost Cathay more than $1 million and is its first
    305 words
  • Article
    BT's Top 100
    98 16 BT's HALF-YEARLY ranking of the Top 100 corporations listed on the Stock Exchange of Singapore has become essential reference material for analysts, fund managers and investors. With the yearold bull market still in full swing, the two rankings by market capitalisation and shareholders' funds are being keenly
    98 words
  • Article
    Lock icon Asean urged to build an economic community
    270 16 Bernama ES ASEAN leaders should uee their third summit scheduled in Manila in December to chart a historic turning point by laying the foundation for an Asean economic community, chairman of the Qroup of 14 Datufc Paul Leong said in Bangkok yesterday. The
    Bernama ES  -  270 words
  • Article
    Lock icon Opec chief urges global restraint
    256 16 Reuter OPEC Preaident Rilwanu Lukman of Nigaria aaid yaatarday that tha cartel had doaed ranks to curb Its oil output and buoy prices, but he added that it needed help from non-Opec sellers who, too, would suffer H the market craahed. "There la a aharper
    Reuter  -  256 words
  • Article
    Lock icon Japan's current account and trade surpluses declining
    131 16 Reuter JAPAN'S huge current account and trade surpluses are declining under pressure from the strong yen, government and private economists said yesterday. Figures released by the Finance Ministry show that both surpluses have fallen below their levels of a year previously, the first
    Reuter  -  131 words
  • Article
    Lock icon Unctad to address problems of debt, commodities fund
    569 16 Reuter OFFICIALS from about 150 countries will study wsys to give new impetus to solving the Third Work! debt crisis when the United Nations Conference on Trade and Development (Unctad) opens in Geneva next week. Unctad officials are optimistic that the conference
    Reuter  -  569 words
  • Article
    Singapore to work closely with KL to strengthen cooperation
    166 16 SECOND FOREIGN Affairs Minister Wong Kan Seng aaid he agreed that Singapore and Malaysia should do their utmost to preserve and promote the existing comprehensive network of relations. Mr Wong, who is also the Community Development Minister, was reeponding to a
    166 words
  • Article
    Lock icon Call for harmony
    72 16 Bernama MALAYSIANS should do their best to help check racial and religious extremism which runs counter to the plurality of the Malaysian society. MCA deputy president Datuk Lee Kim Sai said yesterday that the people must accept the political reality that no single race could ignore the
    Bernama  -  72 words
  • LATE FILE
    • Article
      Lock icon Cooperation level satisfactory
      56 16 Bernama THE Malaysian defence ministry is satisfied with the (aval of cooperation with its Singapore counterpart both on the military and civilian fronts. Its minister, Tengku Ahmad Rithauddeen. aaid yesterday that it was important to have this sort of cooperation and alao to understand the probleme and
      Bernama  -  56 words
    • Article
      Lock icon Petronas to open more areas
      54 16 AFP PETRONAS, the Malayaian national oil corporation, will open more areaa for exploration next year in raaponae to strong interest shown by foreign oil firms. Its president Abdullah Mohamad Salleh said yeeterday that low production cost snd high discovery rates made oil exploration in Malaysia
      AFP  -  54 words
    • Article
      Lock icon Ex-Fijian premier on committee
      55 16 Reuter FUt's former prime minister snd the leader of May's military coup wars yeeterday appointed to a committee reviewing the South Pacific nation's Constitution. Gover-nor-General Ratu Sir Penaia Ganilau announced that coup leader Colonel Sitiveni Rabuka and the man ha dspossd, Timoci Bavadra, had been named
      Reuter  -  55 words
    • Article
      Lock icon Sarawak to curb log exports
      41 16 Bernama THE Sarawak atate government will impoee a 10 par cent restriction on timber log exports to ensure sufficient supply of raw malarial locally. said State Industrial Development Minister Abang Johari Tun Abang Openg yeeterday. Bemama
      Bernama  -  41 words
    • Article
      Lock icon Privatisation will benefit agency
      45 16 Bernama BERNAMA general manager Ahmad Mustapha Ha—an is confidant that privatisation of the national newe agency would lead to further improvement of its performance. He aaid yeaterday that privatisation would meen more efficient operations to meet the requirements of professionalism. Bernama
      Bernama  -  45 words
    • Article
      Lock icon Light goes out for Evening Standard
      20 16 Reuter HONGKONG'S only Englishlanguage evening newspaper, The Evening Standard, ceased publication from yeeterday. Reuter
      Reuter  -  20 words
    • Article
      Lock icon Hanoi rejects UN peace plan
      43 16 UPI VIETNAM yeeterday rejected a proposed United Nations peace plan for Cambodia and said the organisation had no role to play in solving the conflict as long as it recognises the Khmer Rouge resistance. Radio Hanoi reported. UP!
      UPI  -  43 words
    • Article
      Lock icon Investment stagnating
      37 16 AFP FOREIGN investment in China appears to be stagnating, judging by official figures published by the New Chins News Agency yesterday. In the first five months of this year, foreign investment totalled US$6l7 million. AFP
      AFP  -  37 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      61 16 _'"<*;_.+$$_+$!}"\='!,:\("%@,)~ IF YOU WANT TO KNOW UT~ i\ ft > I V ■!W X m j JH >» w TJ y v* .V? >1 m M it jya Y b' 2 9*c" )1t s&V J&S P '1! J "Ww are feeling the heat?-. a trader do How are iabpyr disputes
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      Page 16 Advertisements Column 2
      7 16 Focus on Vw 0-14 Report, Pago 4
      7 words
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      Page 16 Advertisements Column 3
      154 16 Why were you born? Purpose and reason for our earthly life. Free literature: The Universal Life, dept 4, Postfach 5643, 8700 Wurzburg/West Germany. Trader Vic's Beefs It Up V.S. Style At Trader Vic's the programme for the next two weeks is a selection of outstanding U.S. beef dishes from our
      154 words
  • Page 16 Miscellaneous