The Business Times, 18 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 IS-19, 1987 75 CENTS
    13 words
  • Article, Illustration
    FINANCIAL NEWS SUMMARY
    160 1 THE SINGAPORE DOLLAR yeeterday clooed weoker against tha US$ at 2.1195/2.1205 (2.1180/70). Againat regional currencloo, it firmed up againat M$ but aaaad againat tha HK$. Againat other major currencies, the local dollar finished strongar againat atarling, yan, Dmarfc and Swiss franc. US* SI2.1195/1205 M$* SS0J331/38 FiMaj) HK
    160 words
  • Article
    MAS expects bigger boost from stronger yen
    496 1  -  By ALVIN TAY Banking CorrMpondMit THE MONETARY AUTHORITY of Singapore (MAS) expects the benefits of the stronger Japanese yen on the local economy to be more pronounced this year, with the anticipated realisation of Japanese investment commitments made earlier. At a press briefing
    496 words
  • Article, Illustration
    ST Index hits another record high
    254 1 AFTER a quiet start, share prices on the Singapore stock market moved higher yesterday in active trading with the market's cloee-ly-watched ST Index setting another record high. Advances led declines by 119 to 67 as the Straits Times Industrial Index gained 11.16 points to
    254 words
  • Article
    SES draws up 7-point plan to boost Sesdaq
    530 1  -  Proposed measures to take effect from Aug 1 By AMY BALAN THE STOCK EXCHANGE of Singapore will introduce several measures aimed at streamlining Sesdaq operations and making the budding market more accessible to investors from Aug 1. A seven-point strategy has been
    530 words
  • Article
    Lock icon KL urged to negotiate release of CPF money
    164 1 Bernama THE MALAYSIAN government has been urged to negotiate with Singapore for the release of "billions of ringgit" in Central Provident Fund (CPF) savings belonging to Malaysians. The Consumers' Association of Penang (CAP) says the money would not only be useful to
    Bernama  -  164 words
  • Article
    Lim Seng Huat's lawyers granted leave to serve notice
    399 1  -  By ELAINE KOH EMPORIUM associate Lim Seng Huat (S) Pte Ltd will have to wait another month before it goes back to the High Court to seek the first court-appointed judicial manager. The four-week adjournment granted yesterday by Justice T S
    399 words
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      Page 1 Advertisements Column 1
      202 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Full report, Pago 14 World markets, Pago* ft 7 raws! MOST PEOPLE BELIEVE, or daim to believe, In the value of timo. But there art those courageous procrastinators who, seeing through timo's bluff, never do today what can bo done tomorrow If ovon then.
      202 words
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      Page 1 Advertisements Column 2
      6 1 Mora Malaysian atortaa on Back Paga
      6 words
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      Page 1 Advertisements Column 3
      238 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM V -T o -r Arctic advtnlur»: Don't tot the sun go down on mo Page 9 Where the fishes pump back Vegetarians are tar from week The greenback strikee back Bid for ICB rirtklid to Big Four, Back Pago Rocord amount of funds cfiannoMod
      238 words
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  • HOME NEWS
    • Article
      Committee to help attract EC investors
      359 2  -  By CHUANG PECK MING A JOINT COMMITTEE to help attract more investment from the European Community countries into Singapore and promote closer economic ties was inaugurated yesterday at the Westin Plaza Hotel. The chairman of the Economic Development Board, Mr Philip Yeo, said the
      359 words
    • Article, Illustration
      British economist forecasts local economic growth of 4 to spc in next five years
      606 2  -  By SOH TIANG KENG Financial Correspondent DAVID KERN, the chief economist of Britain's biggest bank. National Westminster Bank, yesterday forecast that the Singapore economy will grow between 4 and 5 per cent with average inflation of
      606 words
    • Article
      Lions to play host to youth camp
      112 2 MORE THAN 50 youths from 13 countries will discuss Singapore's local history and culture, humanitarian service and drug and inhalant abuse at a youth camp in Singapore next week. Organised by the Lions International Multiple District 308. the camp will be held at
      112 words
    • Article
      Tourist board scouting for a new ambassadress
      266 2 THE SEARCH for a new tourism ambassadress is on. The Singapore Tourist Promotion Board is looking for a single lady between 20 and 30 years old to represent Singapore in overseas events and to attend tourism-related functions in the republic. Mrs Sharon Wong-Low,
      266 words
    • Article
      Keeping track of MRTC's railway assets
      107 2 PRICE Waterhouse Management Consultants has won a contract to keep track of the railway fixed assets of the Mass Rapid Transit Corporation (MRTC). A statement from the MRTC yesterday said Price Waterhouse, selected from a pre-qualified list of five tenderers, has been appointed the
      107 words
    • Article
      Encouraging local business in Gulf region
      196 2 SINGAPORE firms should use Abu Dhabi as a base to launch their marketing efforts in ths Gulf region. Mr M A Al-Mudallal, consultant to the Abu Dhabi Chamber of Commerce Industry, said this during his promotion visit to Singapore this week. He said Abu
      196 words
    • Article
      Britons seek more joint training schemes
      182 2 A TEN-MEMBER mission organised by the British Management Training Export Council (BMTEC) will visit Singapore to set up more cooperative ventures with Singapore's polytechnics. colleges and other educational establishments. The mission which is supported by the British Overseas Trade Board also aims to explain
      182 words
    • Article
      Conference on cancer care
      114 2 A CONFERENCE to discuss better cancer care will be held in Singapore in October. With the theme "Towards better cancer care", the conference hopes to provide s deeper understsnding of the physicsl, psychologicsl snd social aspects of cancer management. The regional meeting will be held from
      114 words
    • Article
      BP introduces new diesel
      85 2 BRITISH PETROLEUM has launched a new anti-foam diesel called BP Royal Diesel. The diesel is the first in the Singapore market to contain an additive package with special anti-foam properties which will inhibit foam formation in the fuel during fill-up. For operators of diesel vehicles, this
      85 words
    • Article
      Progress for Institute of Systems Science
      273 2 AFTER two years of research and development work, the Institute of Systems Science has made tremendous headway. However, it faces some real difficulties in the future in terms of experienced research staff, concluded its research review board. The board, comprising five internationally renowned scientists,
      273 words
    • Article, Illustration
      SATS chalks up $219 m in operating revenue
      388 2 THE TASK of looking after other airlines helped a wholly-owned Singapore Airlines (SIA) subsidiary chalk up $219.2 million in operating revenue for the financial year 1906/87. This was an improvement of 2.6 per cent compared with the previous financial year, for Singapore
      388 words
  • Article
    SHIPS IN PORT
    1116 2 AT CONVENTIONAL WHARVES MAMMA WHARVES Horapan Somudra M2A oiongsida 1807/0600 VMM) IMI i Arrival Dtptrtun I Hong Eng M38 alongside 18.07/0300 mm nniiayi M Mitra Jaya MIC alongsida 3007-2300 wnAnfl u at 27 07/2300 Haropan Boru M2A 1807/0800 2107/2300 Oouto* alongside Hong Eng M38 18.07/0700 1807/1830 Equotor
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      85 2 Stay two nights with us and enjoy... An extra night free OR A Ss7s gourmet meal at no extra charge Coming home at *Ss7s++ gets even better! When you stay with us for two nights, you can stay on for a third night or come back anytime within the next
      85 words
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  • OVERSEAS
    • Article
      Lock icon European business says US trade plans a threat
      435 3 AFP THE EUROPEAN business lobby on Thursday attacked the "protectionist" nature of draft trade legislation being debated in the US, warning that it posed a grave danger to world trade. The warning was issued by the Union of Confederations of Industry in
      AFP  -  435 words
    • Article
      Lock icon British unemployment figures lower
      219 3 euter THE NUMBER of Britons without jobs fell in June for the 12th consecutive month and now stands at 2.91 million, according to official figures released on Thursday. The latest monthly drop of 81,000 was good news for Prime Minister Margaret Thatcher's government, which pledged before
      euter  -  219 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      880 3 ARRIVALS Operator Sorvteo number Local timo From CAl C1333 0405 TPf SU SQ4I 0615 MAA MK MK746 0730 MRU SU SQ411 0820 ROM MAS MH681 0820 KUL SV SV398 0635 JED/RUH KAL KE624 0640 KUL MAS MH811 0910 POI MAS MH671 0920 KUL AC AC858 0925 YYZ/LHt/BOM
      880 words
    • Article
      Lock icon West Germany's economic outlook unsatisfactory, says OECD report
      416 3 Reuter THE ORGANISATION for Economic Cooperation and Development (OECD) has called the outlook for West Germany's economy unsatisfactory, reminding the government of its pledge to act if growth were seriously at risk. Led by the United States, other nations want the Germans
      Reuter  -  416 words
    • Article, Illustration
      Lock icon Yeutter expects slow decline in imports
      140 3 AP US TRADE REPRESENTATIVE Clayton Yeutter on Thursday predicted a slow drop in US imports but said he expects no dramatic improvement in the gap between imports and exports. "Ultimately the dollar value of imports will drop," he said in an international television programme.
      AP  -  140 words
    • Article
      Lock icon Tension with Japan rising, says US official
      491 3 Reuter AMERICAN Assistant Treasury Secretary David Mulford said on Thursday tension between his country and Japan was rising over a broad front. In a speech to the Japan Society in New York, Mulford also said that while the US Treasury had greatly intensified
      Reuter  -  491 words
    • Article
      Lock icon Taiwan lifts ban on trips to Hongkong and Macau
      234 3 Reuter PREMIER Yu Kuo-Hua has ordered the immediate lifting of an eight-year-old ban which prevented Taiwanese from visiting Hongkong and Macau as first destinations on pleasure trips. Yu said in a statement, "The lifting of the travel ban is a further
      Reuter  -  234 words
    • Article, Illustration
      Lock icon Howard stays as party leader
      345 3 Reuter AUSTRALIA'S conservative opposition yesterday re-elected John Howard as its leader, dismissing a strong challenge from his arch-rival, Andrew Peacock, following its election defeat last Saturday. A total of 41 Liberal Party Members of Parliament voted for Howard, while Peacock, a former foreign minister and
      Reuter  -  345 words
    • Article
      Lock icon A charismatic leader will help UN image, says study
      110 3 Reuter A SECRETARY GENERAL with a warm, appealing character would benefit the United Nations and a specialist should be engaged to spruce up the person's image, according to a private study of public attitudes issued on Thursday. Without a news-making personality
      Reuter  -  110 words
    • Article
      Lock icon Most UN members slow in paying their 1987 dues
      376 3 Reuter THE US is the biggest debtor in the UN whose members have so far paid only about half of their 1967 budget dues of US$756 million. according to figures published on Thursday. Another US$2O3 million is outstanding from previous years,
      Reuter  -  376 words
    • Article
      Lock icon Mahathir to seek investments from Britain
      314 3 Reuter MALAYSIAN Prime Minister Datuk Seri Mahathir Mohamad makes his first official visit to Britain next week, seeking investment finance and hoping to improve ties with his country's former coloniser. Mahathir, who will head a large delegation including four senior ministers and leading businessmen,
      Reuter  -  314 words
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      Page 3 Advertisements Column 1
      60 3 fI if \l J W Ifl jM The business person's choice, every I I II 111 I Tuesday, Thursday, Saturday and I I II %l II I Sunday. Leaving Changi Airport at I V JI JL V—22:05 hours and arriving at Lester B Pearson International Airport the following day. Call
      60 words
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      Page 3 Advertisements Column 2
      72 3 Warehouse Clearance SALE Hurry! Definitely EE9| Additional wide range flower stands, folding chairs. V/ i I 3 i^P^H lW£!Fh*~>» *ZA j\zr- m r _4VtNUIISL 5r I^fUtSIEr 9 *1 Ol ruAMQI WO anu»«|*- M 9 H S^^Hiodicrafti^ Main Showroom: Singapore Handicrafts Building 72 Eunos Avenue 7 (off Sims Avenue) Singapore 1440.
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      110 3 City Max/ Note Mln (•C) Singapore OUTLOOK: Showara over a tow area* Report for 24 hours prior lo 7.30pm on July 17 at tha alrporti Montrool 22/12 Cloudy Moscow 19/10 Rain Nomou 31/25 Cloudy Now DoN 38/27 door Now York 27/17 Sunny Nicosia 39/22 Ooar Oslo 24/13 Cloar Pari* 18/16
      110 words
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  • FOCUS
    • Article
      MCA faces tough task of fostering Umno ties
      1054 4  -  By DAVID CHEW of the Foreign Desk FOR THE Malaysian Chinese Association, maintaining cordial relations with Umno, the largest party in the National Front coalition government, is extremely important since the MCA's fortunes are very much determined by the "controlling hand" of
      1,054 words
    • Article
      Chinese unity v Malaysian Malaysia
      705 4 A GIANT billboard featuring a political cartoon attracted large crowds in the heart of Seremban, the capital of the Malaysian state of Negri Sembilan. It depicted a man with a "Rocket" insignia mischievously pulling a chair away from another man with a "Star" insignia just
      705 words
  • COMMODITIES
    • Article
      Palm Oil
      347 4 Crude palm oil futures closed easier in active trading yesterday on the Kuala Lumpur Commodity Exchange (KLCE). The market opened at MI6BO for Sept and Oct. Panic-selling emerged at the M 5677 and M 5675 levels before profit-taking took the price to Ms6Bo and Ms6B4. In the afternoon,
      347 words
    • Article
      Oil and Products
      86 4 SOUTH-EAST ASIAN crudes and oil products continued upwards in the strong wave of speculation over the Middle East conflict. The only weak product was gas oil which lost 10-20 cents/barrel on improved local supplies in Singapore. Cruel* (FOB origin) US$/borr*l I Otanga D«M (Aug) I8.0S 0.10 Wm»
      86 words
    • Article
      KL Tin
      106 4 STERLING'* continued strength against the Malaysian dollar and further atrong buying support puahed the Kuala Lumpur Tin Market price two cents higher to M 516.10 a kilo yesterday. Thursday's fall In the European spot market failed to Influence sentiment as dealera noted further scattered buying by European, Japaneae
      106 words
    • Article
      Rubber
      224 4 SINGAPORE The rubber market yesterday closed slightly lower with August One RSS buyers quoted at 216.50 cents/kilo, down 0.25 cent from Thursday. The morning session rose 1.25 cents in quiet trading on some buying interest with higher Japanese advices boosting sentiment. But the trend was reversed in quiet afternoon
      224 words
    • Article
      RAS and MRELB
      288 4 RAS prices In 8 contrtg, FO« In bolos NOON close tot 1 RSS Prompt 219.75 tot 1 RSS Aug «7 217.50 tot 1 RSS Sop 217 JO Int 2 RSS Of 213.00 bit 3 RSS Of 206.00 tot 4 RSS Of 201.50 tat 5 RSS Of 198
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    • Article
      SSR and SMR
      82 4 (conn/kg, 1-ton pollen) AUGUST 87 SEPTEMBER 87 (currant month) (forward month) RAS NOON NOON Ivyort Sollort Ivyort Soilon SSt 30 unov unov unov unov SSI 50 unov unov una* unov MRELB Ivyort Ivyort SoMort SMI cv 368.50 370.50N 369.50 371.SON SMI I 369.00 371.00N 370 00 373.00N
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    • Article
      Lock icon Oil output
      85 4 AP MALAYSIA has decided to raise its oil output by 8,000 barrels per day to 468,000 barrels, according to an oil official yesterday. AP The crude palm oil prlcee report wes not available ROTTERDAM Closing pricM on July 16 Potm oM cnido Sumotra/M'do «•Man option (USS/tomo) My 7973+
      AP  -  85 words
    • Article
      Soybean
      99 4 SOYBEAN futures in Chicago on Thursday reached the day's lows around midday, turning already bearish chart patterns even more negative, then rebounded slightly on scattered local short-covering to finish with losses of nine to 13 US cents per bushel in improved trade. August settled at U555.26V4 Soyproduct futures close
      99 words
    • Article
      Wheat
      110 4 WHEAT futures in Chicago closed on the lows on Thursday, down four to 2% US cents per bushel in light trade. July settled at U552.57 after being held to a 3%-cent range. The outlook for a steady increase in commercial hedge pressure amid slack demand for the last of
      110 words
    • Article
      Produce Prices
      256 4 Chinese Produce Exchange SoHort noon doting prtc** on My 17 ($1/100 ho) Coconut oil tuft FOt 97.00 OW drum FOt 107.00 Now drwn FOt 111.00 Copra Mlxod Doom) 5t Pepper »lin FOt NLW 1140.00 Sarawak «Mn FOt foq nlw 1125.00 Sarawak block FOt NLW Saiawak Am ***** Mack
      256 words
    • Article
      Precious Metals
      264 4 HONQKONa Gold fell yesterday afternoon on eelling by foreign trading houeea. but recovered some of the loeeee on lata abort-covering. The bullion price ended at 113*462.4090 an ounce againat an initial U*****.80/462.30, and compared with New York'a U*****.9CV464.40 rIOSS On the local market, goM finished off HK$3 at
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    • Article
      London Markets
      294 4 London Commodity Exchange S#il+r cknk>o pocot on My 16 (£/tof*w unla in ipodflod). PrtvloM cto»Jog prict pOfllltf ill In Coffee Both lo-*»of« London, •odort option OF London My 1195/1198 (119S/1200) High/Low 1190/1100 S*P 1230/1235 (1236/1237) High/Low 1235/1214 Solos (3625) Cocoa July 1400/1407 (1384/1387) High/Low 1407/1389 S*P 1378/1379 (1369/1370)
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  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      45 4 Doonesbury THE STRATEGY PAYS OFF. THE MEPIA PICK UP THEPfW BERT.. FROM THE FIRST. HE SEIZES EVERY OPPORMNTTY FOR EXPOSURE J5 r« liS. r^M\ f> rs\ w/V 4 1 r BY GARRY TRUDEAU ...FROM THE EXECUTIVE SUMS OFCK NEWS... lira ■fli 1 T3 Ef SW
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  • BANKING AND FINANCE
    • Article
      Malaysia's services deficit narrowed by 10pc
      274 5 MALAYSIA managed to contain its services account deficit for the second year running last year. Public Bank said in its bi-monthly economic review. In 1986, the services deficit was narrowed by 10 per cent to M 59.54 billion after a reduction of 2.0 per
      274 words
    • Article
      Simex/IMM
      483 5 SEPTEMBER Eurodollar yesterday opened unchanged from the previous close at 92.83 and encountered resistance at 92.85. However, following a report that US Treasury Secretary Baker expected the US trade deficit to narrow, September traded to 92.88 before closing at 92.87. US T-bonds ended 12 ticks higher at 91.30 mainly
      483 words
    • Article
      Lock icon Philippines calls for new steps on debt
      217 5 AFP FILIPINO Under Secretary for Foreign Affairs Joee Ingles has said that the Philippines, as one of the world's most heavily indebted countries, is looking for additional efforts to ensure "coherent" policies towards "effective and just'' solutions to the debt problem. He told
      AFP  -  217 words
    • Article
      Record funds channelled abroad
      711 5  -  More balanced domestic liquidity expected this year By ALVIN TAY Banking Correspondent FINANCIAL INSTITUTIONS last year channelled a record net $4.1 billion of funds overseas, mainly on interbank lines, compared with a net outflow of $0.7 billion in 1985. But the Monetary Authority of Singapore said
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    • Article
      Forex markets
      1309 5 SINGAPORE: The foreign exchange report was unavailable yesterday due to a technical problem. KUALA LUMPUR: The US dollar closed at 2.5440/50 and the Singapore dollar at 120.05/15 yesterday. JAKARTA: The US dollar was fixed yesterday at 1644.00/1650.00 rupiah. HONGKONG: The US dollar closed stronger in fairly active trading
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    • Article
      Government securities market
      82 5 Treasury bills Period Issue Yesterday's dosing Day's cod* Maturity 110 OFFEi HKSH LOW 3 momtw BQ*****V 05.10.87 2.99 2.89 2.91 2.91 6 Hiwirta BQ*****F 24.12.87 3.05 2.95 1 y«or BY*****S 30.06.88 3.15 3.05 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate IID
      82 words
    • Article, Illustration
      World interest rates
      170 5 Indteaise ho average of lie prime lending raise el 12 ma|or banks In tlnpaiinrs Interbank market rataa (offer/bid) on July 17 us$ DM SWFC Y*n 7 doyt 1 drill 3 m#» 12 m* 6 ll/U —»/U 3/4 S/» IS/U 13/U 7 1 7 7 7/U S/U 3/U
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    • Article
      Lock icon London doing away with money market's quaint clearing system
      201 5 FT ONE OF the City's most antiquated practices, whereby London's money markets are cleared by messengers carrying bundles of paper from one financial institution to another, is to finish by the end of next year. Thirty-six of the City's leading money
      FT  -  201 words
    • Article
      Lock icon UK building societies struggle on
      538 5 Reuter THE CUT-THROAT WORLD of high finance has left Britain's venerable building societies struggling with a cash squeeze and an identity problem. For more than a century, these forebears of the US savings and loan industry dominated the home loan business in Britain. But since
      Reuter  -  538 words
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      246 5 NOTRE NOTICE IS HEREBY GIVEN that, I Tan Hai Choo of No. 200 West Coast Rd #03-03 Westpeak Condominium Singapore 0512, have applied for a Wholesale Liquor Shop licence in respect of premises at M/s Hai Choo Wines Spirits at 24 Pasir Panjang Rd #10-288 PSA Complex, Singapore 0511, and
      246 words
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      Page 5 Advertisements Column 2
      12 5 LONGHU HOTEL SHAN T 0 U ■/ir Bcx*urt£ 3fcS!iTJol (TeJ) E&iS *****41-2
      12 words
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  • WORLD MARKETS
    • Article
      Lock icon Continental shares forecast to be volatile
      315 6 Reuter CONTINENTAL EUROPEAN stocks have so far this year missed out on the euphoria that has pushed Japanese, US and British share values to record highs. The result, analysts say, will be declining trading volume and increased volatility. Some say that, in addition to
      Reuter  -  315 words
    • Article
      Lock icon Dow scores third straight record
      964 6 New York Reuter WALL STREET breached the Dow 2,500 mark for the first time late on Thursday, but edged back from that level at the close, content to extend its record breaking rally to a third consecutive session. Another day of strong second quarter earnings
      Reuter  -  964 words
    • Article
      Lock icon B & C plans to break up Mercantile House
      317 7 B C plans to break up Mercantile House Reuter BRITISH and Commonwealth Holdings PLC chief executive, John Gunn, said he would dispose of major parts of Mercantile House Holdings PLC which B and C agreed to acquire for approximately £490 million. He told a press conference that Credit Lyonnais would
      Reuter  -  317 words
    • Article
      Lock icon Allianz to raise US$296 million
      165 7 FT ALLIANZ, West Germany's biggest insurance company, is planning to raise DM 545 million (US$296 million) in a one for six rights issue, while maintaining this year's dividend at DMI2 a DMSO share. Shareholders will be offered new shares at DM2SO a share in a
      FT  -  165 words
    • Article
      Untitled
      1201 7 Selected indices HONGKONG Hongkong Index Friday 2164 61 Thursday *****3 W#«k ago 2076 60 Hang Seng Index Friday *****3* Thursday *****? Week ogo 3207 21 All Industrials Friday 2827 3 Thursday ***** Weak ogo 2786 1 NEW YORK Dow Jones Thursday 2496 97 Wednesday *****4 Week ogo 2451.21 TOKYO Nikkei
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    • Article
      Lock icon Lasmo finds gas off Australia
      67 7 Reuter LONDON AND SCOTTISH Marine Oil PLC. Lasmo. had made a new gas discovery in the Bass Strait off the coast of the Australian State of Victoria. Lasmo subsidiary. Lasmo Energy Australia Ltd. is operator for the field and Lasmo said initial estimates put the
      Reuter  -  67 words
    • Article
      Lock icon Shares open mixed on low volume
      790 7 London Reuter STOCKS WERE MIXED in low volume at the outset yesterday with the market appearing to take a breather after a record breaking week and yesterday's bid excitement, dealers said. The London market ignored the record Wall Street close. Many issues on the
      Reuter  -  790 words
    • Article
      Tokyo
      438 7 TOKYO: Prices closed easier in thin trade yesterday after a firmer dollar, weaker local bond prices and higher worldwide crude oil prices depressed sentiment. The 225-share Nikkei market average fell 20.16 points to 23.963.45. after earlier climbing to 24,127.23 on the back of strong rises on Wall Street overnight.
      438 words
    • Article
      Hongkong
      415 7 HONGKONG: Share prices roee sharply yesterday on strong foreign institutional demand, pushing the Hang Seng Index 36.31 points to a new high ot 3.342.13. its fifth consecutive gain. The Hong Kong Index rose 22.78 to 2,164.61. Brokers said Hongkong Bank's bid for all shares it does not already own
      415 words
    • Article
      Manila
      84 7 JULY 17 POM Mirtttfl Oriental B 010 001 Anglo Phil 0.044 0 006 PNI Ovffitii 0 30 002 Apax Mining B Aflat Con. B 0 1950 41.50 0.01 0.5 7.5 2 -0 0025 0.5 ♦0025 001 Baguio Gold Basic Patroiaum Banguat Con B. Flrat Phil HMga Lapanto B Mircoppy
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    • Article
      Taipei
      227 7 JULY 17 *T» -0.1 -0.4 0 5 2.5 -07 -0.4 Kottn Kuochan D*v Laa Chang Yuan 29 80 37 20 31 70 -1.3 -03 •08 Aaia Camant 48 30 72 00 Lian Hwa Indua Nan Ya Plaa 23 80 48 40 -OS -12 40 70 -08 Ch#na Loong Chia
      227 words
    • Article
      Lock icon JAL incurs bigger loss
      79 7 AFP JAPAN AIR LINES CO's consolidated net loss ballooned from 4.09 billion yen (U5527.2 million) a year earlier to 7.48 billion yen (US$49.B million) in the year to March 31. The Japanese flag carrier said consolidated sales (ell 5.3 per cent to 875.7 billion yen (US$5.B
      AFP  -  79 words
    • Article
      Sydney
      482 7 SYDNEY: The Australian share market closed at record levels yesterday as investors sought large volumes of quality resource and gold issues. Brokers said interest in leading industrials evaporated in the afternoon as local and offshore investors concentrated on resource stocks. Bullion's lacklustre performance failed to, dampen interest in gold
      482 words
    • Article
      Lock icon Bangkok
      162 7 Reuter BANGKOK: The Securities Exchange of Thailand Index rose 4.99 to 348.58 on a turnover of 7.503.126 shares worth 673.47 million baht. Reuter Seoul mart* mm cloeed tor Cone Mutton Day JULY 17 Ao Kham That BAMT Poat PutMwhing Saha Union .414 1421 4 20 Ayudhya Invaatmai Bangkok Agro-lnd
      Reuter  -  162 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      849 6 wim, dute m*<i Hong Kong DianXin on Saturdays, Sundays and public holidays rs v 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 has never been
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      Page 6 Advertisements Column 2
      190 6 :/a kV July 17 to 22 at the Kasbah. Sophisticates ML swing into anion nightly with hits from the current music charts. Showtime: Sun to Tbu llJspm Fn S*t 1145pm Also appearing: Berry De Guzman Band from Manila and Victor Khoo Productions' disc jockeys. Fmt drink: 524 Sun to Tht;
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      303 7 i; jr. "O 4 t Sunday Brunch: A great family outing. If s a wonderful way to combine a late breakfast with an earty lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad
      303 words
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      Page 7 Advertisements Column 2
      248 7 For delightful Northern and Southern Italian specialities. Pastas, soups, salads, entrees and tantalizing desserts. In a refreshingly different atmosphere. 3-COURSE SET LUNCH $25+ 3rd Floor, Westin Stamford. For reservations, call 338 8585 ext. ***** or 330 8310. The Westin Stamford lUfVlesCity 2 Stamford Road, Singapore 0617. Westin Hotels Resorts THE
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  • PERSPECTIVE
    • Article
      Time for war on time
      524 8 PROCRASTINATION is the thief of time. This is something every child is taught, but it takes a delicious amount of maturity to make an art out of delay. The Procrastinators' Club of America is an association given to precisely that creativity. Its cardinal rule is
      524 words
    • Article, Illustration
      Throwing light on serious issues
      1360 8  -  When former Singapore president Devan Nair took the rostrum three weeks ago at the invitation of the National University of Singapore Society, his lecture created quite a stir among his listeners, most of them university graduates. BRIAN GOMEZ, who was in the audience, gives his
      1,360 words
    • Article
      FCC's Promenade buy raises two issues
      182 8  -  letters to the Editor Paul Tan Door Sir Pleeee refer to the article on First Capital's purchase of the Promenade which appeared in BT on July 10. Permit me to raise two issues which puzzle me. Firstly. First Capital (FCC) seems to be taking
      182 words
    • Article
      A splitting disappointment
      104 8  -  D W Distant Door Sir The Stock Exchange of Singapore's decision not to approve Metro Holdings's proposal to split its $1 shares into SO cents sharos must have come as a disappointment to both its existing as well as potential shareholders. The latter had hoped to buy
      104 words
    • Article
      New building plan approval system has disadvantages
      435 8  -  John M Carter Door 8k Recent publicity concerning a new approval system for development of property in Singapore has placed emphasis on what are stated to be advantages of the new system but little has been said about the disadvantages and pitfalls until
      435 words
    • Article
      Difficult to file for reference
      159 8  -  Pang Chin Tai Dmr Sir Many BT readers, including myself, cut out and file for reference the "stock performance" section of the Stock Exchange of Singapore page. Besides this, articles of interest such as "Chart Point". "UOB shares still much undervalued", "Determining the value of
      159 words
  • Page 8 Advertisements
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      774 8 ■jTiWiOSI N 50lN lEIC'R'O^SWS^ CRYPTIC PUZZLE ACROSS 9 Having set off, not requiring a detour (2. 4, 3) 10 Either occupied again or free (8) 12 Would it be a mistake to wear one? (4) 13 For the records, there's a note among the coins (6) 14 Is planting one
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    • Miscellaneous
      Page 8 Miscellaneous Column 2
      23 8 Lpoies and G&NTuemeN we NOW Pf prop>CWING TRC CHESTER PEgRy BUI LONG £^IcV PSrfF.w: ©Evening Standard Co.Ltd. 1962-19«7 CAonoH LOU FLYNG AIfcCPAFT 9iciU
      23 words
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      226 9 SIGNS were invented to make the way a little clearer for human beings in a complex world. They direct, instruct, warn. We wondered how many heeded the warning behind this sign found on a Hua Hin Beach resort in Thailand "A word of warning to holiday
      226 words
    • Article, Illustration
      Where the fish pump back
      731 9  -  PtA/WhAL With MARGARET THOMAS £"8 A MINDLESS BUSINESS, ton sit there, rod in hand. Una trailing maybe 190 metree behind the boat. You ait there for hour* sometimes aa the boat Qhuge round and about and up 4nd down. There's nothing to do but stare
      731 words
    • Article, Illustration
      Lock icon Don't let the sun go down on me
      1760 9  -  By KOH TSE YING COME SUMMER 1908 and. tank balance permitting, I stall vary I'kely pack my taga and head tor the Land of the Vikings tor the fifth time since 1963. Every trip in the peat has had its reasons The
      Photos by KOH TSE YING  -  1,760 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        Eating leaves does not a weak person make
        998 10  -  HEALTH By RICHARD SEAH SAY YOU TELL friends you are eating salad for lunch. They would probably say how healthy it is. But say you tell them you are going to eat only vegetables for the rest of your life you are
        998 words
      • Article
        Shuffling the tiles, Yuppie style
        225 10 CLUBS CLUBS SET UP by hotels to attract local dollars are nothing new but the one coming up at the Tai-Pan Ramada is attempting to broaden the lure. Members will not only have the usual health spa facilities but also a clubhouse with facilities ranging
        225 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Coffee-table book offers pleasing sights sans insights
        568 11  -  ART By CHARLES SAVAGE IN A SPLASH of colour and bound in a vary sedate white cover, the cream of Singapore's modern art eatablishment is, for the first time, lovingly presented in New Directions 1960-1967. No artist is featured extensively, but its pleasing
        568 words
      • Article, Illustration
        Bursting tradition's balloons
        549 11  -  CINEMA By JAIME LYE SOMETHING IS DEFINITELY amiss when James Bond asks for a vodka martini "shaken, not stirred", with all the aplomb of a toddler uttering his first words. But perhaps one should forgive the man. The ride in Bond's Aston Martin may not necessarily be
        549 words
      • Article, Illustration
        Lauding the Lauder woman
        736 11  -  COSMETICS By MONICA GWEE LOOK AT IT THIS WAY. In the world of Estee Lauder, beauty is the sum of your faith in the potions and ungents personally tested by the Lauder women (notably Estee and her daugh-ter-in-law, Evelyn), and the discipline of caring for yourself
        736 words
      • Article
        A quartz a day to keep ills away
        300 11 CIIADT mmnu TAKES CHARLES HERMANN, a Santa Monica financial planner, puts a piece of quartz in his ground coffee to keep it fresh. Rick Royal, a West Hollywood bookstore clerk, lays a crystal on top of his air-conditioner to keep the room
        300 words
      • Article
        BILLBOARD
        702 11 CINEMA: The Living Daylight» starring Timothy Dalton. Showing at Lido and Prince: 11; 1.30; 4; 6.45; 9.15, Changi, Savoy and Oriental: 11; 1.30; 4; 7; 9.15, President and Woodlands: 1.30; 3.30; 7; 9. Number One WHh a Bullet starring Robert Carradine and Billy Dee Williams. Showing at Cathay: 11;
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      • Article, Illustration
        Jewellery for the starry-eyed only
        322 11 FASHION YOUR GLAMOROUS grandmother might wear them. Assuming your grandmother is Zsa Zsa Gabor, that is. At $100,000 for a pair of Cartier diamond-studded "Panthere" eyeglasses, complete with a platinum and emerald panther coiled languorously around each worshipped eyebrow. your reading pleasure is certainly elevated
        322 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Lock icon Davis leads opening round by three shots
        671 12 GOLF UPI RODGER DAVIS, a golf gypsy from Australia, took advantage of excellent morning conditions on Thursday to earn a three-shot lead over a trio of Americans after the opening round of the British Open. Davis, who plays almost 40 tournaments a year
        UPI  -  671 words
      • Article
        Lock icon Trevino wants the wind to blow
        457 12 UPI WHEN it comes to blowing in the wind, Lee Trevino considers himself to be an expert. He likes to play in it and he certainly loves to talk about it. Only a day ago Trevino was hoping for the heavy wind that is
        UPI  -  457 words
      • Article
        Kyi Hla Han wins PFP Classic
        423 12  -  By WALTON MORAIS BURMA'S Kyi Hla Han completed a hat-trick of victories in the MsBo,ooo PFP Classic golf championship at the Royal Selangor Golf Club yesterday. The stocky golfer, who has had a lean spell on the nine-leg Malaysian Professional Golf circuit so far,
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      • Article, Illustration
        Lock icon Wilander beats Perez in close Clay Court match
        553 12 AP TOP-SEEDED Mats Wilander, trailing in both sets, struggled to a 7-5, 7-5 victory over 16th-seed-ed Diego Perez of Spain on Thursday in the third round of the U*****,000 US Clay Court tennis tournament. Wilander, ranked second in the world, was a
        AP  -  553 words
      • Article, Illustration
        Lock icon Victory in Paris race gives Aouita four world marks
        483 12 ATHLETICS Reuter MOROCCAN EXPRESS Said Aouita claimed a 2,000 m world best and the once invincible Ed Moses tripped to defeat on a rain-swept track at the Paris International Athletics Meeting on Thursday night. Olympic 5,000 m champion Aouita, undeterred by
        Reuter  -  483 words
      • Article
        Lock icon Davis — world traveller in search of a game
        459 12 Davis world traveller in search of a game UPI CONTINUALLY on the run with a golf bag strapped to his back, Rodger Davis personifies the weary world traveller. The wandering Australian, uncertain about what kind of commitment he is prepared to make for golf and where he wishes to concentrate
        UPI  -  459 words
      • Article
        Trust Cooksley to bring home the bacon
        597 12  -  Oh TMCK with Brian Miller AFTER THAT sparkling gallop on Tuesday, during which he clocked a remarkable 34 seconds for the 600 m sprint. Trust II will be hard to catch when he goes over 1,200 m in the first race in Ipoh
        597 words
      • Article, Illustration
        Lock icon The woman behind Cash's Wimbledon win
        605 12 TENNIS Reuter LAST NOVEMBER, minutes after a victory over John McEnroe in the London indoor tournament, Pat Cash revealed he planned to become the fittest man in tennis. Eight months later, after his celebrated climb through the centre court crowd, Cash embraced the woman
        Reuter  -  605 words
    • Executive Lifestyle: Personal Investment
      • Article
        The certainty of uncertainty
        998 13  -  STOCKS BEontms cmmM By LISA LEE "BUY ON RUMOUR, sell on fact" this has long been an axiom that has governed and will continue to govern the reactions of investors in the stock market. Just over a fortnight ago, F N announced its results for the
        998 words
      • Article, Illustration
        The greenback strikes back
        1099 13  -  FOREIGN EXCHANGE By RAMESH CHANDIRAMANI ABOUT A MONTH ago, this columnist highlighted what was then a still unpopular view in the foreign exchange market the prospect of a dollar bottoming. Events since then have proved that view to be correct, and going long on the greenback
        1,099 words
      • Article
        There really is a cheaper choice
        1167 13  -  TRADED RIGHTS mm by Ramesh Chmndiramani WHY WOULD ANYONE buy the shares of a parent company when there is a surrogate financial package that is selling at a cheaper price? It is probably due to a lack of market awareness or understanding of how
        1,167 words
      • Article
        Lock icon Old Master drawings draw back interest
        355 13 ART Sotheby's Research Dept ACTIVITY during the past week continued to centre in London, with the emphasis moving back in time to Old Masters. Both the leading auction houses held their major end-session sales of both Old Master paintings and drawings. If snything at
        Sotheby's Research Dept  -  355 words
      • Article, Illustration
        Flow of funds to Malaysian counters set to broaden
        470 13  -  4* m mm, H A H CHART P INT Ramesh Chandiramani THE BIG WINNERS in the current market upleg have mostly been the medium- and heavyweight quality Singapore trustee stocks. But as most of these stocks are at very lofty levels
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  • Page 9 Advertisements
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      2557 10 SIOVS TO WATCH Intimate strangers and other lovers Movies Actual Beatles recordings are the main draw of John And Yoko: A Love Story a skin-deep dramatisation of the lives of John Lennon and Yoko Ono, their relationship and, to a certain extent, the Beatles themselves. (Today, 4.05 pm, Channel 5).
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  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      28 13 BT welcomes Investment Ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.
      28 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Strong foreign buying continues to push up shares
      4407 14 SHARE PRICES rose on a broad front yesterdsy as steady interest in the morning was boosted by increased afternoon buying mainly from foreign institutions. The Straits Times Industrial Index roee 11.16 points to 1,391.87 while the BT Composite Index added 12.71 points
      4,407 words
    • Article
      Chief price changes
      247 14 UOI Duff IM P4«con Mk ICS ICS U O 1 PAN MHII HW( out How Par MMol toi EM 50t ■oM* Mmpa Rises 70S 400 sot 175 IISO 600 4» 1350 It IISO *10 SIS Spar* 540 490 373 475 Falls SINGAPORE SO BT CoMpoak* SO »T
      247 words
    • Article
      Business done on the SES
      4534 14 SECTION ONE MDUmtIAL COMWHCIAL Aom 1531 270 1301 269 IS 248 Q) 271 (32) 270 19) 268 (7Q 269 Alee» 041 8 083 SI 161 0» 081 081 A«al Stool 50* (298 8 299 S) 169 29» (441 298 (30 300 (91 297 (50 2.99
      4,534 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Johan Holdings to float subsidiary in Australia
      561 15 Bernama ES JOHAN HOLDINGS BHD has sought to float its newly-formed Abacus Pacific NV on the Australian Stock Exchange to take advantage of better growth prospects and give the group more muscle to flex in international operations. Chairman Tan Kay Hock, speaking after
      Bernama ES  -  561 words
    • Article
      Wattie asks Simbl to study financing for Cold Storage share purchase
      298 15  -  By ROSIE TAN WATTIE INDUSTRIES Ltd. which recently acquired a 17.11 per cent stake in Cold Storage Holdings PLC (CSH) at $4.25 each, has asked Singapore International Merchant Bankers Ltd (Simbl) to look into various options to finance its
      298 words
    • Article
      Berjaya raises stake in SPTI to 21.1 pc
      497 15 4.2 m shares bought for $16.2 m BERJAYA CORPORATION (M) Bhd. which recently dipoeed of its entire shareholding in Palmco Holdings Bhd, hss secured s strategic stake in another listed company. This time the target is South Pacific Textile Industries Bhd (SPTI),
      497 words
    • Article
      Aokam eyeing 14.7 pc stake in Roxy
      304 15 AOKAM TIN BHD is slowly building up its stake in Roxy Electric Industries (M) Bhd whose mein attraction is its one-third stake in Development Commercial Bank. The former tin company is going for an eventual control of 14.7 per cent of Roxy. The
      304 words
    • Article
      Selected stocks in KL register hefty gains
      3291 15 SHARE PRICES continued to rise on the Kuala Lumpur stock market yesterday in another active round of trading which saw selected counters ending the session with hefty gains. Profit-taking, especially among the recent speculative and situational issues, appeared well absorbed and moet of
      3,291 words
    • Article
      COMPANY MEETINGS
      250 15 PEAK HUA INDUSTRIES Berhad: 18th AGM at Conference Room, lot 1509, 15th Floor, Wisma HLA, Jalan Raja Chulan, ***** Kuala Lumpur on Monday. July 20, at 10am. MALAYSIAN RESOURCES CORPORATION Berhad: 16th AGM at the Penthouse, Resource House, 10, Jalan Raja Laut, ***** Kuala Lumpur on Tuesday, July
      250 words
    • Article
      Lock icon Petition against Paper Products withdrawn
      100 15 Bernama ES A PETITION filed by an unsscured creditor of Paper Products (M) Bhd last month to wind up the compeny has been withdrawn, its solicitors Shearn Delsmore A Co said. The solicitors, in a letter to the Kuala Lumpur Stock Exchange also requested that
      Bernama ES  -  100 words
    • Article
      MMC defers rights issue
      102 15 MALAYSIA MINING Corporation Bhd (MMC) has deferred its proposed rights issue to a later date. The move was made after consultation with the Capital Issues Committee. MMC had propoeed in May this year a rights issue of 102.93 million new shares at an issue price of
      102 words
    • Article
      Unit trusts
      251 15 Monoqn' print for My I* 4 20 Singapore Unit Trust MARA-Bumiputra Rat I'puiro 7 46 Stead S'pulro 417 753 472 Ths rrwiin IX 105 Oil 087 111 1 12 016 on on* 047 Third l'pu«ro S04 111 Tk* In ingi Fwd Four* S'pulro 411 4.14 S'port Prog Fwd
      251 words
    • Article
      Lock icon Analysts say Hang Seng index could touch 4,000 by year-end
      274 15 Reuter PRICES ON HONGKONG stock mark* should continue to rise, although minor technical corrections were possible, stock analysts said. The Hang Seng stock index could soar to as high as 4,000 by the end of this year, they predicted. Larry
      Reuter  -  274 words
    • Article
      Lock icon Amex sells its stake in Pacific Bank
      334 15 MBT AMERICAN EXPRESS Bank (Amex) has finally sold its 20 per cent stake in Pacific Bank for some Ms3s million or $6.50 a share, say banking sources. It is now finalising details of the sale and awaiting the green light from Bank Negara.
      MBT  -  334 words
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  • Article
    Only Big Four allowed to bid for ICB, says MAS
    626 16  -  Less restriction on buyers of finance companies ■OB By ALVIN TAY Banking Correspondent THE INDUSTRIAL and Commercial Bank may only be taken over by one of the Big Four local banka. the Monetary Authority of Singapore (MAS) made clear yesterday.
    626 words
  • Article
    Lock icon South Korean dissident asks opposition MPs to give him formal support
    280 16 Reuter LEADING DISSIDENT Kim DaeJung moved forward in search of the South Korean presidency yesterday by ordering opposition members of parliament to declare support formally for his ambition. About 30 legislators, all Mr Kim's supporters, decided at a meeting
    Reuter  -  280 words
  • Article
    Lock icon Thailand criticises America's decision on GSP
    311 16 AP THE THAI Labour Department yesterday criticised the US government's decision to consider curbing duty-free imports from Thailand because of alleged abuse of workers. "It's regrettable that the US has foisted unrealistic labour standards on a developing country which struggles to insure workers' rights,"
    AP  -  311 words
  • Article
    Part of CPF cut may be restored next year
    435 16  -  By ANNA TEO A PARTIAL return to the tormer Central Provident Fund rate of 50 per cent is in sight next year, provided the economy continues to pick up steam, Brigadier-Gen-eral (Res) Lee Hsien Loong told unionists this week. Details of
    435 words
  • Article
    Lock icon Mahathir appoints supporters to top posts in Umno
    286 16 Reuter MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday appointed his supporters to top posts in the United Malays National Organisation. Dr Mahathir announced the appointments after Umno's policy making meeting, which chose party heads for 13 states in which the
    Reuter  -  286 words
  • Article
    Lock icon M'sian banks told to submit reports
    219 16 Bernama THE MALAYSIAN Finance Ministry has asked commercial banks to submit reports on ailing bumiputra and non-bumiputra companies in an effort to save them. Deputy Finance Minister Senator Mohamed Farid Ariffin said yesterday that the ministry had met representatives of banks two days ago
    Bernama  -  219 words
  • Article
    Lock icon High yen and strain claiming lives of Japan's executives
    258 16 Reuter AN UNUSUAL number of deaths among top Japanese business executives recently is being blamed partly on stress caused by the strong yen and wrenching changes in Japan's economy. Since last November, the presidents of 10 big Japanese companies, including Mitsubishi.
    Reuter  -  258 words
  • Article
    Lock icon France breaks diplomatic ties with Iran
    155 16 AFP FRANCE broke diplomatic relations with Iran yesterday after nearly three weeks of rising tensions between the two countries. French officials had earlier said four Iranian diplomats had been stopped from leaving France following an order last Saturday to bar all of Iran's diplomats
    AFP  -  155 words
  • Article, Illustration
    Lock icon Philippines offers incentives to attract foreign investment
    352 16 AP Reuter PRESIDENT Corazon Aquino signed a new national investment code yesterday providing tax breaks and other incentives to lure foreign investment end help revive the Philippine economy. Trade and Industry Secretary Jose Concepcion said the "omnibus investments code" wss expected to generate
    AP; Reuter  -  352 words
  • Article
    Lock icon Manila arrests fourteen soldiers
    84 16 Reuter THE PHIfIPPINE military arrested yeeterday 14 soldiers investigated for links to ths murders of two Malaysian and three Filipino Muslim missionariee last month. "They (the soldiers) will slso face a court-martial and poeaible dismissal from the ssrvice should thay ba found guilty, in eccordance with
    Reuter  -  84 words
  • Article
    Lock icon Doing business in Ho Chi Minh City
    72 16 AFP BARELY HALF the 100,000 private traders in Ho Chi Minh City are paying tax, becauae they have not officially regiatered their businesses, the communist party newspaper Nhan Dan (The People) eaid yeeterday. A recent study in Vietnameee cities revealed that of 97,000
    AFP  -  72 words
  • LATE FILE
    • Article
      Lock icon Lower House passes budget
      40 16 UPI THE KEY LOWER Houee of Japan's Parliamanl yeaterday paaaad by a etanding majority vote a US$l3.9 billion aupplamantary budgst deeigned to atimuiata tha aoonomy and aata trada friction with tha 118 and othar aiiiaa. UPI
      UPI  -  40 words
    • Article
      Lock icon Drop in living standards
      50 16 Reuter CHINA, moving furthar from Mao-atyia agalitarianiam, aaid yaatarday that living standards of ona in fiva city dwellers wara falling. "Tha raal incoma of about 20 par cant of city familiaa ta declining, of which 5 par cant hava raal difficultice," tha Statietical Buraau aaid. Rautar
      Reuter  -  50 words
    • Article
      Lock icon China demands penalties
      30 16 AFP CHINA haa aaked Toehibe Machine Co. of Japan to pay penalties for contract cancellations reeulting from a oneyear ben on the firm'a exports to communist countries.
      AFP  -  30 words
    • Article
      Lock icon 'Sabdh economy improving'
      42 16 Bernama ES SABAH chief minister Joseph Pairin Kitingan yaatarday said that tha stata'a economy had been improving in recent yeara. He referred to the rsadinees of Peninsular Ma-laysia-baaed investors to go into joint venture projects with Sabah atate agencies.
      Bernama ES  -  42 words
    • Article
      Lock icon Supreme Court dismisses appeal
      38 16 Barnama MALAYSIA'S Supreme Court yeetsrday diamiaeed an appeal by former Malaysian Ovaraaaa invaatmant Corporation managing director Mohamad Abdullah Ang againat a High Court dadalon ordering him to pay Ms2.B million to Pari» Plantations Bhd.
      Barnama  -  38 words
    • Article
      Lock icon Allegation by Pakistan
      35 16 Reuter PAKISTANI Prime Minieter Mohammad Khan Junejo, visiting victims of Tueeday'a bomb attack in Karachi in which 73 people died, has suggeeted that India might be involved in sabotage in Pakistan. Router
      Reuter  -  35 words
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