The Business Times, 5 March 1988
1988-03-05
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The Business Times
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Title Section12 1988-03-05 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, March 5-6, 1988 75 CENTS12 words
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Article258 1988-03-05 1 AP Dow Jones higher WALL STREET stocks' registered a small gain yesterday morning as traders reacted to a stronger-than-expected report on employment. The Dow Jones Industrial Average rose 1.66 points to 2,065.15 in the first hour of trading. Gainers held a narrow edge on losers in theAP - 258 words
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141 1988-03-05 1 WITH THE US dollar refusing to budge from its tight trading range, the main talk on foreign exchanges yesterday was whether the British pound would surpass the three West-German-mark level. In Tokyo yesterday, the pound closed at 2.9972 marks, after finishing141 words
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Article, Illustration891 1988-03-05 1 JOHN LIM - More measures to make Singapore a total business centre By JOHN LIM FINANCE MINISTER Dr Richard Hu had business on his mind when he presented the Budget yesterday. Almost all the proposals were designed to make it easier for Singapore to become more of a total business891 words
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Article, Illustration195 1988-03-05 1 STRONG BUYING interest from both retail and institutional investors yesterday sent share prices on the Singapore stock market surging ahead for the second day running. Dealers said the rally was due mainly to spillover interest from Thursday when the leading market index rose 20.11195 words
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Page 1 Advertisements
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Advertisement267 1988-03-05 1 Nikon 7ft* WwM*a ftwat MMb*h»Mc System AFTER A DRAMATIC 15.3 per cent increase in the number of tourists last year, the Singapore Tourist Promotion Board is now cautiously projecting a modest 5 per cent growth for 1988. HOME NEWS, Page 4 ABOUT 30 companies, including a French company currently developing267 words
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Advertisement9 1988-03-05 1 Full report, Pag* 14 World marfcota, Pago 16, 179 words
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Advertisement379 1988-03-05 1 Nikon TIM NtorW'i RM Wl—System Exccu.'tlirt- Ufrltylc I f 5 SiSfc W i\ ■v r V N tfif uu Tanjong Pagar revisited Page 7 Ptrsttal Trtvti Stand up and be quoted Page 7 What little sparrow? Page 8 WMkMMI TV TV programmes for today and tomorrow Page 8 Stots tt379 words
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FOCUS
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Article658 1988-03-05 2 Revenue down B.2pc, expenditure down 18.4 pc A DEFICIT of $910.2 million is forecast for the fiscal year starting April 1, 1988 This amounts to 2 per cent of the GDP The figure is based on projected revenue of $11.6 billion (down 8.2 per cent from658 words
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Article, Illustration136 1988-03-05 2 STARTING THIS YEAR, the Budget will be packaged somewhat differently from previous budgets. The government has switched from the UN system of classification to the IMF system. The Ministry of Finance gave the following reasons for doing so: the IMF is136 words
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Article, Illustration152 1988-03-05 2 THE GOVERNMENT is intent on its policy of collecting enough revenue to finance expenditure, Finance Minister Or Richard Hu said in his Budget speech yesterday. Wherever possible, government programmes will be selffinancing. As for revenue, "we will constantly review and streamline our tax structure to152 words
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204 1988-03-05 2 THE HOUSING and Development Board, arguably the largest owner of commercial property in Singapore, expects to pay $104 million in property tax to the Inland Revenue Department in FY 88 This accounts for about 15 per cent of the $704204 words
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172 1988-03-05 2 THE HOME AFFAIRS Ministry does not seem to expect any increase in the number of massage parlours in the next fiscal year. Not licensed ones, that is. It reckons on earning $51,000 in massage parlour licences in FYBB, the same amount172 words
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Article, Illustration374 1988-03-05 2 FOREIGN WORKER levy collection is projected to rise 34 per cent to $182 million. This is because more work-permit holders are expected to be included in the extended levy scheme. LAW-BREAKERS hauled to court are expected to pay up $25 million worth of fines in the new fiscal374 words
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Article, Illustration539 1988-03-05 2 ZHOU MEI; JOHN LIM - Reports by E ZHOU MEI and JOHN LIM THE REVISED BUDGET for FYB7 gives a deficit of $2.7 billion for the year. The original FYB7 Budget provided for a $3.2 billion deficit. When re-calculated based on "new" definitions now adopted by the539 words
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Article, Illustration216 1988-03-05 3 THE COMMERCIAL Affairs Department (CAD) is expanding again. Nine additional posts have been provided for in FYBB and its budget raised by $1.58 million to $3.69 million. The CAD. which was officially set up on Aug 1, 1984, has successfully prosecuted 22 people so far.216 words
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Article, Illustration53 1988-03-05 3 A DECISION by the Ministry of Health to stop in-house production of certain pharmaceutical items will mean $10.45 million worth of extra business for private-sector suppliers. The ministry has set aside that much more money for the purchase of drugs and medical and surgical supplies, under a53 words
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709 1988-03-05 3 TOTAL EXPENDITURE for FYBB, at $12.5 billion or 27.5 per cent of GDP, is 18.4 per cent less than the revised expenditure for FYB7. Recurrent expenditure accounts for 61 per cent of the expenditure allocation, or 16.7 per cent of GDP. Development expenditure709 words
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Article, Illustration230 1988-03-05 3 THE Economic Development Board is facing not only stiff competition for investments but also rising operational costs. The board will need to spend $1.87 for every $100 worth of investment commitments in FYBB against $1.64 in the current year. Development expenditure for the230 words
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Article, Illustration84 1988-03-05 3 A CONTINGENCY provision of $1.65 million for general elections has been proposed for the Prime Minister's Office In FYBB. At the same time, a contingency sum of about $300,000 for the payment of allowances to six non-constituency Members of Parliament has been proposed for Parliament in the new84 words
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Article, Illustration96 1988-03-05 3 LEGALISED GAMBLING is expected to bring in $293 million for the government in FYBB, an increase of 13 per cent over the current year. Based on the existing betting and sweepstake duty of 25 per cent, Singaporeans will fork out $1.17 billion in the hope of receiving a96 words
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Article, Illustration358 1988-03-05 3 A NEW $100 million provision has been made for research and development by public-sector organisations. WHOEVER SELLS a massive tract of land can naturally expect a hefty fee. In the case of the Urban Redevelopment Authority, it expects to collect $30 million in agency fees for the sale358 words
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Article167 1988-03-05 3 CONTRACTS and tenders called by ministries and statutory boards will be scrutinised by a new auditing unit being set up In the Auditor-General's Office. Such auditing work was previously done on an ad hoc basis and coverage was limited because of manpower constraints, according to167 words
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Page 2 Advertisements
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Advertisement41 1988-03-05 2 THE BUDGET FOR THE FINANCIAL YEAR 1988/89 Wr« open (HI 2 a.m. Theft is NO COVER CHARGE. HAPPY HOUR 4 p m to 30 p m. Drinks M "i Price. GhbSF--400 Orchard Road #0/ 2/ Orchard Tbwers Smgaporr 0U23 7M *****3441 words
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Page 3 Advertisements
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Advertisement7 1988-03-05 3 THE BUDGET FOR THE FINANCIAL YEAR 1988/897 words
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Advertisement174 1988-03-05 3 Jointly organised by CHARMING GARDEN RESTAURANT GOLD OX STATE GUESTHOUSE (Sichuan, China) SICHUAN from 5 March '88 (A limited period only) M t U t v~ jf M For the first time, authentic Sichuan flavours are brought direct to you from the scenic land of lofty mounts and green vales.174 words
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HOME NEWS
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Article, Illustration515 1988-03-05 4 TONG SUIT CHEE - STPB plans village-type beach resort with water sports facilities By TONG SUIT CHEE FINDING 30 Singaporeans who know where Lazarus Island is can be difficult. But finding 30 companies which can see potential there wasn't. The Singapore Tourist Promotion Board wants to develop this little-known515 words
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Article, Illustration224 1988-03-05 4 ALKAFF HOUSE, a run-down 19thcentury mansion sitting on two hectares of gardens at Mount Faber Ridge, is next on the list of sites for which development ideas are being sought. The Singapore Tourist Promotion Board plans to turn it into an attraction for both tourists224 words
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173 1988-03-05 4 FORMER chairman and co-founder of the retail giant, Emporium Holdings, Lim Tow Seng, was made a bankrupt yesterday. Judicial Commissioner Chao Hick Tin granted the petition in the High Court filed by Standard Chartered Bank, to which Emporium Holdings owes $571,938 in outstanding loans. Mr173 words
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132 1988-03-05 4 A NEW venture capital fund has attracted $18.25 million at the closing of the initial offering on Thursday. The fund. Venture Investment (Singapore) II Ltd, nicknamed VIS 11, was launched on Tuesday to attract up to $35 million to invest in emerging growth companies in132 words
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354 1988-03-05 4 APART from the Budget statement, yesterday's Parliament session lasted a mere 15 minutes. There was only one question for oral answer and the few other matters were quickly dealt with. So Parliament was suspended at about 11.15 am until the Budget354 words
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151 1988-03-05 4 TELECOMS will release a new set of stamps on April 4 to commemorate "25 years of television". The 10-cent stamp depicts an outside broadcast van, a field camera and a tape spool while the 35cent stamp depicts a TV studio. The 75-cent stamp151 words
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Article94 1988-03-05 4 GENERAL Tan Sri Dato Hashim bin Mohd All. the Malaysian Armed Forces Chief of Defence Forces, yesterday called on First Deputy Prime Minister and Defence Minister Goh Chok Tong at the Ministry of Defence This morning. General Tan Sri Dato Hashim, who is here on94 words
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351 1988-03-05 4 LIM SOON NEO - By LIM SOON NEO AFTER A DRAMATIC 15.3 per cant increase in the number ot tourists last year there were 3.68 million visitors the Singapore Tourist Promotion Board is now cautiously projecting a modest 5 per cent growth for 1968. "We351 words
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Article1433 1988-03-05 4 AT CONVENTIONAL WHARVES VMH B«rth Arrival Dtptrtura KEPPEL WHARVES Arirtoi KI5 alongside 05.03/1500 Beeco Africa <Z7 alongside 07 03/2300 Eastern Gl <28 alongside 0503/2300 Equator III <23 alongside 0503/2359 Kim Soon li <22 alongside 05.03AM00 Ko Heng KI9 alongside 0703/2300 Kola Ber I ion <35 alongside 0503/18301,433 words
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Page 4 Advertisements
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Advertisement239 1988-03-05 4 Mini Imperial Banquet now available at Golden Phoenix Sichuan Restaurant Hotel Equatorial W n It is a connoisseur's dream come true. An Emperor's banquet in a majestic spread of exotic food that stretches to a few days of feasting. Now you can savour a mini version right here, any day239 words
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Page 4 Miscellaneous
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Miscellaneous82 1988-03-05 4 Max/ Note Singapore OUTLOOK: Cloudy wtth occasional showers In Rsport for 24 hours prior to 7.30pm on Mor 4 at It* oirporti Ma* tamp. 27.2 Mln tamp 23.4 Aaaoc humidity 97 Mrs of sunahlna 0.00 Rainfall In mm 21.0 Rainfall this mth 31.1 Rainy days this mth 2 Moscow Nossoo82 words
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OVERSEAS
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301 1988-03-05 5 Reuter THE WASHINGTON transit system said on Thursday it had turned down a joint US-Japanese bid for work on its subway because it may violate a new law barring Japanese firms from work financed by federal funds. The Metropolitan Transit Authority (Metro) said theReuter - 301 words
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Article76 1988-03-05 5 Reuter COMPANIES from at least five countries are bidding for contracts to build two generating units for the largest hydro-elec-tric station in east China. The New China News Agency said firms from Italy, Canada, Japan, China and Yugoslavia bid for the contracts on Wednesday inReuter - 76 words
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158 1988-03-05 5 AFP ALTHOUGH Japan has stopped dumping computer chips on the world markets, it is still restricting US companies' access to its domestic market to token levels, a US trade group has said. Despite a 1986 agreement between the two countries which wasAFP - 158 words
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240 1988-03-05 5 AFP JAPANESE and South Korean electronic products headed the list of Common Market dumping investigations begun last year, European Community sources said in Brussels on Thursday. Out of more than 30 investigations started in 1987 and still going on, eight relateAFP - 240 words
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Article153 1988-03-05 5 Reuter TRADE between Japan and the Soviet Union has continued to be steady despite few signs of a "perestroika" (restructuring) style shift in Moscow's political policy towards Japan. A Foreign Ministry official said in Tokyo on Thursday trade ties between the two countries have weathered a scandalReuter - 153 words
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166 1988-03-05 5 Reuter THE SOUTH COMMISSION has called on rich nations to cancel all official loans to low-income countries whose debt problems cannot be resolved through continued rescheduling at market rates. The South Commission, a discussion forum of leading Third World officials, made the appeal onReuter - 166 words
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90 1988-03-05 5 AP THE MEXICAN government will retire U553.66 billion in old debt paper and issue U552,557 billion in new, 20-year bonds under a loan-swap plan aimed at reducing Mexico's US$lO5-billion foreign debt, according to the treasury department. Over 20 years, Mexico will save U552,645 billion inAP - 90 words
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Article, Illustration433 1988-03-05 5 IHT NATO leaders concluded a twoday summit meeting in Brussels on Thursday still divided about the future of nuclear weapons in the alliance. The US and West Germany agreed in advance of the meeting to play down divisive issues, but the split emerged whenIHT - 433 words
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507 1988-03-05 5 ASIAN DEVELOPING countries would register substantial economic growth in the next few years, contributing to expansion of economies in other countries, including Japan and the United States, a US-based economist said yesterday. Seiji Naya, who heads the Honolulu-based East-West Centre's Resource507 words
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229 1988-03-05 5 Reuter THE US expects South Korea will try to resolve three trade disputes soon, US Treasury Secretary James Baker was quoted as saying on Thursday. In an interview with the Washington Post, Mr Baker said his talks last week with President Roh Tae-Woo andReuter - 229 words
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234 1988-03-05 5 Reuter THE HARD currency debt of Eastern European countries is continuing to rise despite recent economic restructuring led by the Soviet Union, the Organisation for Economic Cooperation and Development (OECD) said yesterday. It said in a special report that underlying the worsening debt situationReuter - 234 words
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262 1988-03-05 5 Reuter THE US Congreas is pressing the Reagan Administration to take further steps to create a financial criaia for Panama that could topple military leader General Manuel Antonio Noriega. Six senators introduced legislation in Washington on Thursday to impose a two-way tradeReuter - 262 words
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116 1988-03-05 5 UPI JAPAN is nearing a decision to support Panamanian military strongman General Manuel Antonio Noriega in his struggle to control the Central American nation. A senior Foreign Ministry official yesterday told several major Japanese newspapers that Japan would recognise General Noriega because he tookUPI - 116 words
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123 1988-03-05 5 Reuter THE Hongkong and Shanghai Banking Corporation has offered to arrange a US$2O million loan for Fiji, giving a boost to the country's sagging economy, Finance Minister Josefata Kamikamica said in Suva yesterday. He said it was the first positive response to theReuter - 123 words
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293 1988-03-05 5 AFP A SLIGHT RISE in oil prices on Thursday failed to conceal an underlying downward trend, as the market waited for a firm line from the Organisation of Petroleum Exporting Countries (Opec). according to industry analysts in Paris. Persistent rumours of OpecAFP - 293 words
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Article954 1988-03-05 5 ARRIVALS Operator Sorvic* Local From numboc Hnw OA OA471 0015 ATH SLA son 01IS LAX/NBT UA UA805 0120 SFO/HKG MAS MH619 0125 KUL CAl 0333 0405 TPf SU SQ41 0610 MAA MK MK746 0725 MRU MAS MM601 0730 KUL MAS MH681 0820 KUL SU SQ417 0820 DXB/KHI954 words
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Page 5 Advertisements
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Advertisement60 1988-03-05 5 fI 1/ 1/ If I|| The business person's choice, every I I II 111 I Tuesday, Thursday, Saturday and I 1 1 11 II F Sunday. Leaving Changi Airport at I y/ I 1 _L 22 05 hours and arriving at Lester B. Pearson International Airport the following day. Call60 words
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Page 5 Miscellaneous
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Miscellaneous39 1988-03-05 5 PROUP 7 YOU HAVE NO IPSA. UJHEN YOU FIRSTARRJVEP HERE, MOST OF MY COL' r» LEAGUES THOUGHT YOU W UJERE TOO VIOLENT, TOO /f% RJU, OF RAGE, 70 m TREAT MTU ANY j~ REAL HOPE OF BY GARRY TRUDEAU39 words
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PERSPECTIVE
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523 1988-03-05 6 GOVERNMENT DEPARTMENTS, like all other organisations, need good public relations. In (act, government offices need to be more conscious of these relations because they are not just another organisation to the public they serve. And it is a truism, of course, that a good523 words
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Article, Illustration1461 1988-03-05 6 MARTIN SOONG - Sir Edmund Hillary, the first man to conquer Mount Everest, lent inspiration to an entire generation of mountaineers and adventurers, and gave the world a new kind of hero. MARTIN SOONG discovers what drove this New Zealander to the peak. MARTIN SOONG THE MOUNTAIN GODS of the1,461 words
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703 1988-03-05 6 Jusuf Wanandi - Letters to the Editor Jusuf Wanandi Executive Director Centre for Strangle and International Studio* Jakarta, Indonoaia Dnt Sir I was not pleasantly surprised to find In the Business Times of March 2, 1968 my viawa on aoma domaatic and regional703 words
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163 1988-03-05 6 Pan-El' Shareholder - 'Pan-El' Shareholder Dear Sir As a shareholder of 'Pan-El', I really do not care to read that the liquidators of Pan-El are having "some arrangements' with convicted director Peter Tham. I have given up all hope of recovering anything. The matter is finished. Of all163 words
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255 1988-03-05 6 Tammie Loke (Mrs - Tammie Loke (Mrs) Manager, Public Relatione for Singapore MRT Limited I Dear Sir I refer to DW Distant's letter published in the Business Times on 30 Jan 88 referring to a train service delay on the morning of 26 Jan. There was indeed255 words
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152 1988-03-05 6 Lim Boon Hang - Lim Boon Hang Deputy Secretary-General National Trades Union Congress ■a#. Daar Sir Your report "Employers and unions hope for no rise in statutory contributions" (BT 3.3.88) gave the wrong impression that I support no increase in CPF and SDF contributions. When I spoke to152 words
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Page 6 Advertisements
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Advertisement44 1988-03-05 6 BT walcomti letters from readers. Your letter* must include your ligMtura, full nam*, address, and homo and office telephone > number*, if any. You may add 3 pseudonym, if you wi*h. Address your letters to: The Editor. Business Times, 390, Kim Seng Road, Singepore 0923.44 words
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Page 6 Miscellaneous
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Miscellaneous768 1988-03-05 6 mmwim r Hrßrw 21 22 |38| [39 CRYPTIC PUZZLE ACROSS 9 The former, for a certain period (8) 10 Low, give the doctor a ring (3) 11 Name of the Arab child (6) 12 Leave for the seaside (6) 13 Country from which no French man has returned (7) 14768 words
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Executive Lifestyle
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Article235 1988-03-05 7 NEWSPAPER offices receive their fair share of strange mail. One letter arrived recently from Mr John H McCabe from Houston, Texas. Who is Mr McCabe? None other than "the probable next President of the USA." A Democrat who announced his candidacy in January, Mr McCabe wrote235 words
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Article, Illustration1335 1988-03-05 7 SAID ABDULLAH - Tanjong Pagar a kampong revisited By SAID ABDULLAH IT'S BEEN five years now since my birth place and childhood haunt was laid to waste. Tanjong Pagar was my kampong, modern and urbanised if you like but, to my family and me, a village all the same. It was unlike regular1,335 words
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Article, Illustration1011 1988-03-05 7 MONICA GWEE - With I MONICA GWEE THIS is a protest. Against up and coming and established Singaporean men and women who refuse to speak to the press, refuse to be identified in interviews, refuse to accept the responsibilities of a public profile when there is a need1,011 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration669 1988-03-05 9 CHUANG PECK MING - BOOKS By CHUANG PECK MING Title: The Catcher in the Rye Author: J 0 Salinger Publisher: Little, Brown and Company. U5516.95. 277 pages. Or Penguin. USssl2. 218 pages. MARK CHAPMAN, who attained notoriety for Killing John Lennon eight years ago, recently confessed he was led to gun669 words
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Article, Illustration536 1988-03-05 9 WALTON MORAIS - MUSIC By WALTON MORAIS "I KNOW this sounds stupid, but I'm really popular in Taiwan," the good-looking Dutch singer says. "I don't know why, but the Orientals seem to like me." Gerard Joling, Dutch pop singer in search of superstardom, is a man with536 words
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Article, Illustration459 1988-03-05 9 MONICA GWEE - ADVERTISING By MONICA GWEE NOTHING may be for free, but nearly 10,000 apples were given away to "anybody and everybody" passing by 11, Beach Road yesterday. In fact, passers-by received two apples each and the "apple story" from staff of advertising agency Leo Burnett459 words
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Article, Illustration565 1988-03-05 9 JAIME LYE - CINEMA By JAIME LYE RICHARD ATTENBOROUGH, filmdom's equivalent of a Hallmark greeting card writer, continues to gush poetic verse on screen with Cry Freedom. Half social statement, half suspense thriller, but wholly unexciting. Attenborough's objective is honourable he wants to damn apartheid. Yet it is so565 words
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Article695 1988-03-05 9 Sakina Dhilawala - Compllad by Sakina Dhilawala CINEMA: Taan Wott Too starring Jason Bateman, Kim Darby, John Astin and Paul Sand. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Protect X starring Matthew Broderick and Helen Hunt. Showing at Orchard: 11; 1.30; 4; 6.30; 9.15. Dirty Dancing Starring Patrick Swayze and Jennifer695 words
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Executive Lifestyle: Sports
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Article460 1988-03-05 10 WALTON MORAIS - GOLF By WALTON MORAIS SINGAPORE's Lim Swee Wah improved his chances of making the cut in the US$l5O,OOO Malaysian Open golf championship at Kuala Lumpur yesterday, but will have to wait till this morning to find out if he has. Rain caused a delay in play460 words
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780 1988-03-05 10 Jerome Fandor - RACING on TMCk with Jerome Fandor HORSES in the top class return to Bukit Timah for what should be an entertaining weekend's racing. Attention will be paid to the contenders for next Sunday's Singapore Derby. Early favourites Turn Around and Feu Vert are780 words
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332 1988-03-05 10 TENNIS AP MIKAEL PERNFORS used his exceptional baseline game to upset top-seeded Stefan Edberg 3-6. 6-3, 6-2 on Thursday in a thirdround match of the U*****,500 Champion s Cup tennis tournament. The 15th-seeded Pernfors offered little resistance in the first, set, but wonAP - 332 words
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Article, Illustration534 1988-03-05 10 BOXING AP MIKE TYSON ran through a nine-round sparring session on Thursday to prepare for the defence of his undisputed world heavyweight boxing title against Tony Tubbs in Tokyo this month, ignoring a report that Jose Ribalta was comingAP - 534 words
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388 1988-03-05 10 RUNNING UPI THE LOS ANGELES Marathon, with nearly 15,000 runners and seemingly twice as many critics, will be contested tomorrow (Sunday) for the third time. "Boston has run 91 times. New York 19," said Los Angeles Marathon president Dr William Burke.UPI - 388 words
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Article, Illustration529 1988-03-05 10 AP BOBBY WADKINS shot a 67 on Thursday to take a one-stroke lead after the first round of the US$l-million Doral Open golf tournament. His 5-under-par round, completed late in the afternoon, lifted him ahead of a group of four including Jack NicklausAP - 529 words
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Article147 1988-03-05 10 Reuter WORLD NUMBER ONE Greg Norman may not be able to represent Australia in the 1988 World Cup of Golf which will be staged at the Royal Melbourne course from Dec 8 to 11. Norman, currently playing in the Tournament Players' Championship near Sydney, isReuter - 147 words
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Article, Illustration694 1988-03-05 10 Mike Thumba - Bridge By Mike Thumba DURING the last few weeks, we have discussed various types of contracts taken from the World Bridge championships (Epson). We have analysed slam contracts, games in major and minor suits as well. This week, we want to consider a few hands on694 words
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Executive Lifestyle: Personal Investment
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Article, Illustration708 1988-03-05 11 WALL STREET ALTHOUGH there were quite a number of other world markets which had peaked first, the great Global Equities Crash of '87 didn't really begin until the cracks started to show up on Wall Street. The nervousness there started to build708 words
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677 1988-03-05 11 NYT EVEN THOUGH four months have passed since the stock market collapsed, professional money managers are still acting as if it happened yesterday. Stunned by the experience, they prefer to hold billions of dollars in cash instead of buying now-cheaper stocks. "I don'tNYT - 677 words
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Article, Illustration166 1988-03-05 11 RC - /T T\ by RC IN SPITE of firmer trends on Wall Street and Tokyo, the local stock market got off to a slow start this week. But it more than made up for its initial lethargy during the last two trading days ahead of yesterday's166 words
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Article, Illustration890 1988-03-05 11 RAMESH CHANDIRAMANI - FORECASTS By RAMESH CHANDIRAMANI THERE IS just too much doom and gloom among stock market forecasters and economists. The consensus opinion has it that 1988 will, at best, be a year of slow growth, but the outlook for 1989 is very much less sanguine. The prevailing890 words
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565 1988-03-05 11 SEGINNER'S CORNER NYT BEFORE last week, Donald H Straszheim, the chief economist at Merrill Lynch Co. was predicting a period of uneven economic growth. He now believes that a "garden-variety" recession will begin within the next 6 to 18 months in the UnitedNYT - 565 words
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Page 7 Advertisements
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Advertisement29 1988-03-05 7 WITH A LIMITED LIABILITY OF JUST $100 IN CASE OF LOSS OR THEFT, CALL 532 3577 CMHtuwniw oxac cuv HSSt? SSBB lbBB w* it rmtet nr CHASE CLASSIC VISA29 words
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Advertisement214 1988-03-05 7 Timeless values. These two exquisite watches, in the shape of peaches, are called «For China». The craftsmen of Geneva were renowned for their mastery of enamel and these watches are a triumph of their art. By their efforts the subtle gradations of colour found in the skin of the fruit214 words
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Page 8 Miscellaneous
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Miscellaneous1672 1988-03-05 8 Aids, sugar and lost love Marlon Brando plays a confused Napoleon in Deelree, about his relationship with his thwarted first love, Oesiree, who leaves him to marry someone else. Jean Simmons plays Desiree in this 1954 production, while Merle Oberon provides a nice distraction in this muddled and elaborate production.1,672 words
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Miscellaneous1708 1988-03-05 8 THEATRE What little sparrow? SO. WAS it a case of Margaret Chan acting as Plat, or Margaret Chan acting as Margaret Chan would act if she were Piaf? Without any preconceived notions about what the real Piaf was like, or the framework within which Theatreworks was working in trying to1,708 words
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Page 9 Advertisements
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Advertisement191 1988-03-05 9 Pick Your Onm Crawl! St XTJl5 m vs to A m fjii iilritil 4!Si There are holidays and there are Royal Orchid Holidays! Bangkok Bangkok'Chiengmai Bangkok Phuket Historical North North Central Thailand Southern Thailand Southern Island F xtension You don t have to travel in a group and he herded191 words
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Advertisement12 1988-03-05 9 "Usual booking cantras at Victoria Concart Hall box offlca, Tang* and Cantrapolnt12 words
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Page 11 Advertisements
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Advertisement316 1988-03-05 11 Do you have the stomach ibraheatihy investment? Most executives are very good about taking care of their investments. Of the financial kind that is. But when it comes to their health, they fall short. Let's face it. When was the last time you really took care of your body? I316 words
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MONEY AND EXCHANGES
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Article1617 1988-03-05 12 Reuter Reuter SINGAPORE: The US dollar closed mixed yesterday against most major currencies after fluctuating narrowly in quiet trading, dealers said. They said most operators were reluctant to trade actively in the absence of fresh news ahead of the weekend. The market was awaiting the release of USReuter - 1,617 words
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Article297 1988-03-05 12 Asian market Reuter ASIAN DOLLAR deposit rates were little changed yesterday at around opening levels, in thin pre-week-end trading, dealers said. Term rates were steady to slightly lower at the outset due to a marginal rise in US bond prices. Thereafter rates were unchanged and one month closed at 6-3/4Reuter - 297 words
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Article90 1988-03-05 12 Silver futures on March 3 5,000 troy ounces. US cents per troy ounce Open High Low SMI* Mor 630.00 631.00 618.00 626.40 4.80 Apr 629.60 4 JO May 626.50 630.50 623.50 633.50 4 JO Jut 633.00 646.00 631.50 641.50 4.60 S«P 653.00 653.00 649.00 649.20 4 JO90 words
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Article, Illustration184 1988-03-05 12 Indicates the average of the prime lending rate* of 12 ma|or banks In S'pore Interbank market rates (offer/bid) on March 4 uss DM SWFC Y«n 7 doyi 3 mtt) 2 mrtt 6 11/16 9/16 6 3/4 5/8 6 13/16 11/16 6 13/16 11/16 7 1/1-7 9 1/16—184 words
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Article55 1988-03-05 12 THE OVERNIGHT rate on the Singapore interbank market rose points to end at 3% per cent yesterday. Term rates were unchanged. S$ Interbank rates at 12 noon yester day: OFFE« BIO Ov«fnight 3 1/8 3 1 -month 3 2 7/« 2-month 3 2 7/0 3-month 3 1/16 255 words
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Article82 1988-03-05 12 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER H4GH LOW 3 months BQ*****F 2.6.88 2.94 2.89 2.89 2.89 6 months 8Y*****S 30.6.88 2.94 2.89 1 year RY*****T 24.11.88 3.02 2.97 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID82 words
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Article469 1988-03-05 12 JUNE Eurodollar opened 2 ticks lower yesterday im Simex than the previous close at 93.05 following the dull overnight trading in Chicago. Slow and dull trading again dominated the session A narrow range of 93.04 and 93.06 was seen in the June Eurodollar with the settlement towards the close469 words
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Article256 1988-03-05 12 Reuter IMM foreign currency futures closed mostly higher and near the top of session ranges on Thursday. Prices were supported by sporadic shortcovering, but activity was light. March yen edged narrowly to a fresh session high at U550.*****0 in the final hour, and Canadian dollars ended near session andReuter - 256 words
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Article1667 1988-03-05 12 CURRENCY FUTURES OPTIONS Friday, Mardi 4 1988 DEUTSCHEMARK (MMEX) Mh Mar M pun 54 55 54 57 58 59 40 41 42 43 44 45 44 47 44 54 55 2054 1054 Ml* Apr 84 caNs Law 210 110 18 2 CAS CA4 CA8 CAS CAS CAS CAS CAS1,667 words
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Page 12 Advertisements
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Advertisement9 1988-03-05 12 IB BANQUEINDOSUEZ 3 Shenton Way. Shenton House, Singapore 01069 words
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BANKING AND FINANCE
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Article235 1988-03-05 13 Reuter URUGUAY was due to sign yesterday a USSI 8-billion refinancing agreement including improved terms with some 100 commercial bank creditors, William Rhodes, chairman of the eight-member bank advisory group, said in New York on Thursday. Under the agreement, Uruguay will make a principal payment ofReuter - 235 words
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557 1988-03-05 13 Reuter THE PARIS financial futures market, Matif, just two years old, ia suffering from an unwelcome glare of publicity because of a fraud scandal dubbed by dealers as "the Cogema syndrome". The state's Cogema nuclear fuel proceaalng group filed a fraud suit againstReuter - 557 words
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162 1988-03-05 13 AFP BRAZIL had paid its creditor banks some US$52O million corresponding to late interest payments for January and February, top Brazilian and US bank officials said in a joint communique. Brasilia announced last Sunday it intended to pay some US$7OO millionAFP - 162 words
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Article93 1988-03-05 13 Reuter TAIWAN ia negotiating with the Aaian Development Bank (ADB) to attend the bank'a annual meeting in Manila in April. Foreign Minister Ding Moushih told Parliament on Thursday that Taiwan waa forced to boycott the ADB meetings in 1966 and 1967 after the bank admitted ChinaReuter - 93 words
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555 1988-03-05 13 LEONG WEN WAH - By LEONG WEN WAH THE proposed credit information bureau (CIB) has died aborning. After numerous surveys and much discussion, three of the parties involved the banks, the merchant banks and the finance houses have determined that the scheme as proposed was unworkable and555 words
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417 1988-03-05 13 THE SOVIET UNION, the world's second largeat gold producer, plana to trade in Singapore'a gold market. It intends to deal in gold through the Singapore branch of Moecow Narodny Bank of London. According to a Agence France Preaae report, the plan was announced417 words
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COMMODITIES
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Article233 1988-03-05 13 HONGKONG: Gold closed firmer on late short-covering by trade houses. Bullion climbed to U*****.20/70 from an initial 427.80/428.30. On the local market, gold finished HK$l7 lower at HK$4.OOl a tael. Coins were generally lower with the Krugerrand losing HK$lO to HK53.340. Australian Nugget and Gold Maple Leaf each233 words
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Article230 1988-03-05 13 Chinese Produce Bangkok Exchange Closing prices on March 4 Sellers' noon dosing pri. :es on (USS/tonne, FOB) March 4 (SS/100 kg) White Rice Coconut oil 100% 1st class 355 Bulk FOB 108.00 100% 2nd clou 320 O+d drum FOB 118.00 100% 3rd class 5% 315 New drum FOB230 words
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Article303 1988-03-05 13 London Commodity Exchange *°y 181.40/181.60 High/Low 187.4/180.4 Solos (2938 Raw fc/yor/Soilor doting prlctt on Mord* 3 (£/tonno union spoctflod). Previous doting prlcos In paromtiosis. Coffee No 6 CIF 219.2 (215.6) No 6 FOB 186.20(182.6) Whlto No 5 231.7 (230.50) Oil* (US$/tonno) Polm oil M'tian crudo CIF UK/Rottordam Bosh303 words
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Article215 1988-03-05 13 Reuter SINGAPORE The rubber market closed slightly steadier yesterday with April 1 RSS buyers quoted at 220.00 cents/kilo, up 0.75 cent from Thursday's close, dealers said. MALAYSIA An absence of sellers and continued anticipation of tight supplies during the wintering period helped the rubber market to close steady yesterdayReuter - 215 words
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Article228 1988-03-05 13 RAS prices In S c*nt«/kfl, FOB In t»l« NOON CLOSE Buy*rs S*ll*rs Buyers Sellers Wrt 1 RSS Prompt 221.25 222.25N 221.75 222.75N bt 1 RSS Apr 88 219.50 220.00 220.00 220.50 Int 1 RSS May 88 220.75 221.25 221.25 221.75 lot 2 RSS OP 217.00 219.00N 217.50228 words
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Article94 1988-03-05 13 (cann/kg) APRIL 1988 MAY 1988 (current month) (forward month) NOON NOON RAS hytn S*M*n luyart S»ll«ri sse 30 216.50 218 50N 216 50 218 SON sse 50 215 00 217 OON 215.00 21 7 OON MRELB tuyart S*M*n buytn S*<l*rt SMR cv 294.00 296 00N 295.00 29794 words
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Article112 1988-03-05 13 Reuter THE Kuala Lumpur Tin Market (KLTM) price fell another four cents yesterday, to cloee at M 517.40 a kg deeplte a smaller quentlty of tin supplied, dealers said. Trading waa quiet, with only 18 tonnes traded at the cloee against Thursday's 22 tonnes as most buyers hadReuter - 112 words
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Article61 1988-03-05 13 QUIET end of week with traders waiting for fresh news. USS/borr* Chang* Dubo< (April) IU1 -0.10 Wm> T«iot WD (April) 1 J.45 -0.23 Products (FOB S'pore) US$/borr#t Otang* Ktfownt 21.23 und< Sow 19.43 undi low Sulphur WO., tMidM. LSWt 14.60 undi USS/tom. Chang# Nophlho* 143.30 undi H#o»y61 words
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Article426 1988-03-05 13 Bernama ES Reuter Crude palm oil futures closed easier yesterday on the KLCE in light trading. Dealers said sentiment was depressed owing to India having passed on her weekly tender and reports that it is expected not to take in large amounts of palm oil henceforth. Selling pressureBernama ES; Reuter - 426 words
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Article186 1988-03-05 13 Reuter WHEAT futures closed 1-3/4 to 2-3/4 cents lower on Thursday on the Chicago Board of Trade, near session lows, with May off 1-3/4 cents at US$3.l2-1/2 a bushel. Prices traded on both sides of Wednesday's close in lackluster dealings. then receded late in sympathy with a weak closeReuter - 186 words
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Article205 1988-03-05 13 Reuter SOYBEAN futures plummeted late on heavy professional selling as prices closed 4-1/4 to 8.0 cents lower on the Chicago Board of Trade on Thursday, traders said. May closed 7-1/2 cents lower at U556.29 a bushel. Prices dropped to new session lows in the final minutes of trading asReuter - 205 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4325 1988-03-05 14 SHARE PRICES on the Singapore stock market continued to surge ahead yesterday, extending a 20point gain on Thursday, on strong buying interest from both retail and institutional investors. Dealers said that spillover demand from Thursday was the main reason for the rally. Dealers4,325 words
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Article240 1988-03-05 14 SINGAPORF Rises lndl 23. ««.4 D S 1050 30 IT ConpoM #04 92 813.03 SPN 790 25 »T OS/OS +113 +92 SI A 1100+20 IT CADI -6941 -6946 Matro HMgt 600 +20 8T 10-day MA -7014 -7005 kidicap* 446 +12 ITOtV 1-*****30 117(950 Or Dt. 50< 2t1240 words
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Article3254 1988-03-05 14 BID and otter price* officially listed and hi nine— in and reparted to the Stock Exchange of Singapore yesterday with the number of sham traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the ward3,254 words
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Article169 1988-03-05 14 KUALA LUMPUR KEPONG Berhad: 15th AGM at Wisma Taiko, 1 Jalan S.P. Seenivasagam, ***** Ipoh, Perak, on Saturday. Mar 12, at 12.30pm. VAN DER HORST Limited: 14th AGM at 11 Pandan Crescent. Singapore 0512 on Mar 15 at 10am. AVIMO SINGAPORE Limited: 14th AGM at Leo Room, marina169 words
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Article280 1988-03-05 14 Monog«rj' prices It) M. Jopon Gr fund 1 S3 158 for Ma rd) 5 7 SH*nton Thrift fund 082 082 Singapore Unit Trust UOB Management Th* ComiMrce 092 096 Unifund 0835 0X35 Th* Savings fund 079 oas* Unibond 0 99 1015 S'por* Prog fund Spor* S*c fund 037280 words
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COMPANY MEETINGS
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298 1988-03-05 15 ELAINE KOH - By ELAINE KOH AMTEK ENGINEERING Ltd released its first set of interim results since it was listed on the second tier market last August, showing a group pre-tax profit of $3.35 million. The venture capital-backed group recently won the BT/DHL Enterprise Award298 words
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Article177 1988-03-05 15 GROWTH Industrial Holdings Ltd, the largest shareholder of the ill-fated Pan-Electric Industries, will be delisted from the Stock Exchange of Singapore on March 9. GIH is listed under Section One of the industrial/commercial sector. The investment company, which held a 31.6 per cent stake177 words
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COMPANY BRIEFS
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107 1988-03-05 15 MULTI-PURPOSE Holdings Bhd (MPHB) said in reply to a KLSE query that the valuation of subsidiary Mulpha Hongkong Ltd's shares at 24.5 HK cents each was arrived at on a willing buyer, willing seller basis. The consideration of HKs7.l7m paid to MPHB107 words
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56 1988-03-05 15 AYER Hitam Tin Dredging Malaysia Bhd's recent rights issue of 27.45 m new ordinary shares was oversubscribed 1.12 times when subscription closed on Feb 26. The par value Msl shares were priced at Ms 2 each. The acceptance level was 53.33 times, while the subscription56 words
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LATEST
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Article54 1988-03-05 15 BATA (MALAYSIA) Bhd turned in a pre-tax profit of Ms9.o4m for the year ended Dec 31, 1987, up 6pc from MsB.slm previously. Group turnover rose 11pc to M5101.94m (M591.54m previously). Directors have recommended a final dividend of 14 cents (12 cents) payable on May 24. Interim dividend54 words
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Article60 1988-03-05 15 THE KUALA SkJlm Rubber Co Bhd turned in a 129 pc rise in pre-tax profit to M515.54m (Ms6.7Bm) for the six months ended Dec 31, 1987. During the same period, group turnover rose 42pc to M564.87m (M545.58m). An interim dividend of five cents has60 words
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Article40 1988-03-05 15 MALAKOFF BHD reported group pre-tax profit of MsB.66m (M53.35m) for the six months ended Dec 31, 1987 on turnover of M534.51m (M524.07m). The company has declared an interim dividend of 10 cents (7.5 cents) payable on May 9.40 words
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Article48 1988-03-05 15 SELANGOR Coconuts Bhd turned in a 58pc rise in pre-tax profit to Ms4.7lm (Ms2.9Bm) on a 22pc increase in turnover to M523.21m (Msl9.oom) for the interim period ended Dec 31, 1987. An interim dividend of five cents (same) has been declared, payable on May 11.48 words
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3052 1988-03-05 15 WHAT INITIALLY appeared to be another day of gains on the Kuala Lumpur stock market failed to materialise for want of follow-through support. Share prices gave up an early lead to close mixed yesterday. Although two-way price changes were registered at the close,3,052 words
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364 1988-03-05 15 AMY BALAN - By AMY BALAN CASH IS KING. That key lesson following last October's stock market crash was clearly evident in the annual report released yesterday by General Securities Investments Ltd. the closed-end investment trust backed by the DBS Bank group. As at the364 words
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481 1988-03-05 15 LEE HAN SHIH - By LEE HAN SHIH Property Correspondent RECENTLY-LISTED DBS Land has gone into a new business to broaden its earnings base. If successful, the venture could benefit DBS Bank and DBS Finance as well. The business is energy management, an area that DBS Land thinks481 words
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395 1988-03-05 15 MBT THE KUALA Lumpur Stock Exchange has embarked on its roadshow to seek stockbrokers' views on two of the most pressing issues the proposed new delivery system and the graduated commission structure. Four dialogue sessions have been planned, to be held in Malacca,MBT - 395 words
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90 1988-03-05 15 MBT DUNLOP Malaysia Industriee Bhd (DMIB) in coneultation with Sumitomo Rubber Industries of Japan, is implementing the first phase of its ambitious Msloo- plan to expand and modernise its earthmover tyre operations. DMIB's managing director Shukor Nagor said in KL yesterday that theMBT - 90 words
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167 1988-03-05 15 DR ERNEST LAI has left the board of Sunshine Allied Investments Ltd after serving barely four months with the company. Dr Lai was appointed last October together with a number of other personalities after Juncrown acquired 24.9 per cent of the company, then167 words
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Page 15 Advertisements
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Advertisement239 1988-03-05 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 BURROUGHSCYBERWARE PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on March 1. 1988 the following special resolution was duly passed: "That the Company be wound up voluntarily and that Mr William239 words
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Advertisement246 1988-03-05 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF APPLIED CIRCUIT TECHNOLOGY PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of APPLIED CIRCUIT TECHNOLOGY PTE LTD convened and held at 109 North Bridge Road #06-59 Funan Centre Singapore 0617 on 27th February. 1988246 words
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Advertisement284 1988-03-05 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TONG LIAN DEVELOPMENT (PTE)LTD (Incorporated In the Republic of Singapore) (In Liquidation) (Members' Voluntary Winding-Up) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 89 Amoy Street Singapore 0106 on Friday,284 words
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Advertisement308 1988-03-05 15 CATHAY TRADING PTE LTD (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 (1) of the Companies Act, (Chapter 50) a final general meeting of the abovenamed Company will be held on Monday, the 4th day of April 1988 at 11.00 a.m. at308 words
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WORLD MARKETS
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Article107 1988-03-05 16 AP ITALIAN INVESTOR Carlo De Benedetti must identify his allies if he wants to extend his public offer for more shares of Societe Generale de Belgique SA in a bid to control Belgium's biggest holding company. An official at the Belgium's Banking Commission said theAP - 107 words
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Article117 1988-03-05 16 HONGKONG Hongkong Index Friday 1.619 26 Thursday 1.614 40 Week ago 1,561 96 All Industrials Friday 2.115.8 Thursday 2.1082 Week ogo 2.0189 Hang S«ng Index Fridoy 2.472 38 Thursday 2.466 48 Week 090 2.***** NEW YORK Dow Jones Thursday 2.063 49 Wednesday 2,***** Week ogo 2.017.57 TOKYO Nikkei117 words
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809 1988-03-05 16 New York Reuter WALL STREET on Thursday was mostly lower in active trading though secondary groups, including American Stock Exchange and over the counter stocks, continued to rally. Real and rumoured takeover activity provided much of the action. Bonds providedReuter - 809 words
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731 1988-03-05 17 London Reuter PRICES on the London market were mixed at the opening yesterday but tending higher. Earlier, stocks had been marked down on fears of profit-tak-ing after the market's recent upward run but this failed to materialise. At the 0900 GMT start,Reuter - 731 words
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Article1164 1988-03-05 17 Amsterdam MAN 01 PUS ABN Aagon AhoW 40 30 71.20 76.20 104 40 0.1 0.3 -07 -1.4 ***** 0.1 AMEV Amro Bank Am St»d ....46 80 66 60 123 60 0.8 0.1 -12 Barka< BOLS 124 00 4 Boraumij Buahrman Tattar oc Calv* Etaaviar Fokkar Gamma Giatbroc Haaamayar Hafnakan ...901,164 words
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58 1988-03-05 17 Reuter BRIERLEY Investments Ltd (BIL) chief executive Paul Collins said BIL has made no plans for its 15 per cent holding in Petroleum Corp of New Zealand Ltd. The New Zealand government announced on Thursday it is to sell its 70 perReuter - 58 words
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Article1473 1988-03-05 17 Hongkong LIGHT bargain-hunting emerged in the afternoon to push share prices on the Hongkong market to close around the day's highs yesterday. The Hang Seng Index rose 3.90 points to finish the day at 2.472.38 after falling nearly 20 points initially. The Hong Kong Index gained 4.861,473 words
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Article134 1988-03-05 17 MAN 04 Owl Sugar Deelim Ind WON ***** ***** •100 -7W -50 -400 unch -100 Kal Kanawon Ind Kia Motor Koion Ind ***** ***** ***** WWl 300 100 -300 unch Daewoo Corp Daewoo H#i vy '8950 ***** Korea Long Term Lucky Ltd ***** ***** -300 -250 Oaiahin Securfttee Dong134 words
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Article479 1988-03-05 17 Reuter PRICES on the Tokyo market closed slightly higher yesterday in strong activity due to aggressive trade of large capitalisation issues. although the approaching end of the fiscal year may begin to temper interest. The Nikkei Index firmed 19.13 points, or 0.07 per cent, to 25.615.62. It fell 86.51Reuter - 479 words
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Article474 1988-03-05 17 Reuter THE AUSTRALIAN share market ended firmer yesterday with investors concentrating mainly on leading industrial stocks. Brokers said despite falls in London and on Wall Street the local market had outperformed most expectations. By the close of trade, the All Ordinaries Index had advanced 5.5 points to 1.298.5 andReuter - 474 words
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Article154 1988-03-05 17 Reuter THE SECURITIES Exchange of Thailand Index rose 3.92 to 380.07 yesterday on a turnover of 16,883,194 shares worth 1,075.88 million baht. MAM 04 BAMT Ao Kh«m Thai Ayudhya Invaatmarrt 414 Bangkok Aground 105 Bangkok Bank 355 Bank Of Ayudhya 366 Charoong Thai Wlra 6 Cable 505 Datamat 270Reuter - 154 words
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Article246 1988-03-05 17 MAN 04 All Sincere India NT 2 91 72 00 -0 09 -1.5 0 5 Kolin Kuochan Dev Lea Chang Yuan Cham Indus Lien Hwa Indus 37 20 47 70 46 70 54 00 -06 -13 -1.4 -1 5 80 SO Nan Ya Ptas 62 00 -1 5 Chang246 words
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Article94 1988-03-05 17 MAR 04 peso* *b Marsteel Omental B 0 042 -0 001 Acofe Mining Phil Overseas 0 039 -0 001 0 02 -0 006 Phiie» B 0 30 Apex Mining B 0 033 -0 003 Picop B Attaa Con 6 22 *05 PLOT 145 1 Baguio Gold San Migual B94 words
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Page 16 Advertisements
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Advertisement740 1988-03-05 16 COURyOISIERXO-Where to eat, drink... Heavenly! Ejoflcftod flie food paradise of (he Orientis here to cnflce you. Poolside (level 5) March 4 March 20 Savour more than 30 sumptuous dishes prepared by Hongkong chefs at our buffet lunch dinner. At $15.90 per adult $9.00 per child under 12. AN prices subject740 words
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Advertisement152 1988-03-05 16 or Vuking invasion! A buffet to satisfy even the most ravenous Viking warriors! The smorgasbord spread tempts with Matjis herring, smoked salmon, liver pate, gravlax, Pitt I Panna and other exotic sounding delicacies Plus 20 desserts to follow! Over 60 Scandinavian delights to sample. Adult $31' Child $15* Akvavit and152 words
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Page 17 Advertisements
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Advertisement401 1988-03-05 17 and entertain 4 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE Of-' MAIN COURSES. PALM For between $26++ and $40+ r you can select from our appetiser OKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses.401 words
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Article733 1988-03-05 18 LOH HUI YIN, ALVIN TAY, RAMESH CHANDIRAMANI, CHUANG PECK MING, ANNA TEO; CORRINA LIM - Unhappiness over higher levy on foreign workers Reports by LOH HUI YIN, ALVIN TAY, RAMESH CHANDIRAMANI, CHUANG PECK MING, ANNA TEO and CORRINA LIM A MILD BUDGET, with some fine tuning and technical adjustments this was how a panel of tax consultants described this year's Budget. There733 words
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509 1988-03-05 18 ZHOU MEI - By ZHOU MEI Economics Correspondent THE FINANCE MINISTER'S "silence" on the Skills Development Fund (SDF) levy and the employers' Central Provident Fund (CPF) contribution may prove to be just temporary relief for those worried about increased business costs. Training and skills development, especially, were509 words
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LATE FILE
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58 1988-03-05 18 AFP JAPAN IS TO expand preferential treatment for industrial Imports from developing countries by around 25 per cent starting April 1, the Yomiuri Shimbun reported yesterday in Tokyo. It added that this would raise imports from developing countries, including South Korea, Taiwan, Singapore and Hongkong,AFP - 58 words
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Article56 1988-03-05 18 JAPAN yesterday strongly protested against a decision by the Washington Transit Authority to bar a Japanese construction company from work on a new subway line even though the company made the lowest bid. "We strongly hope they withdraw the decision," said Hajime Sako, chairman of the56 words
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Article65 1988-03-05 18 Reuter A BRITISH company has signed a US$435 million contract to build a plant to make non-strategic computers in Soviet Armenia, British diplomats in Moscow have disclosed. The deal, described as the largest industrial contract between the two countries, will involve construction of a plant toReuter - 65 words
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Article65 1988-03-05 18 Reuter TAIWANESE businessmen plan to visit Moscow in October on a mission that could set up the country's first direct trade links with the Soviet Union, the Importers Exporters Association of Taiwan said yesterday. Chairman Lin Jze-chang said the association would soon organise a trade mission madeReuter - 65 words
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Article47 1988-03-05 18 AFP MALAYSIA'S opposition Democratic Action Party (DAP) said yesterday that its lawyers would apply soon for habeas corpus writs for six members held under the Internal Security Act, including former DAP secretary-gener-al Lim Kit Siang and his son Guan Eng. AFPAFP - 47 words
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559 1988-03-05 18 THE NEW SYSTEM of taxing gains made by investment holding companies and unit trusts on a graduated time basis was favourably received by fund managers, bankers and brokers. But at least one group wants official clarification from the authorities about its specific559 words
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285 1988-03-05 18 UPI INDONESIAN President Suharto's ruling Golkar Party intensified pressure yesterday to rid the field of a lone opposition vicepresidential candidate while minority parties demanded greater democracy in the electoral process. "It's better if the election of a vice-president comes about unanimously throughUPI - 285 words
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198 1988-03-05 18 Reuter SOUTH KOREA is determined to resolve trade problems with the United States to avoid retaliation, government officials have said. "The government will make every effort to evade trade retaliation from the United States and we take recent strong US messagesReuter - 198 words
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206 1988-03-05 18 Reuter PETER Holmes, chairman of Royal Dutch Shell Group's UK operations, said world oil prices will go on falling for a time and that "the next two to three years will be difficult". He said in London on Thursday: "There willReuter - 206 words
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Article37 1988-03-05 18 Reuter NORWEGIAN Oil Minister Arne Oeien yesterday pledged continued support for Opec unless production discipline cracks and world oil prices collapse completely, indicating a softer line on the price for Norway's continued backing. ReuterReuter - 37 words
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Article93 1988-03-05 18 Reuter COMEX GOLD FUTURES rallied to highs for the week on a burst of buying yesterday morning following news of a sharp jump of 531,000 in the February US nonfarm payroll employment which fired up inflationary worries. In a lively first hour, April gold was markedReuter - 93 words
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152 1988-03-05 18 Reuter ROTTERDAM is studying the possibility of setting up an energy futures market despite last year's failure to get an energy options exchange off the ground, the Rotterdam newspaper NRC Handelsblad said. Quoting a Chamber of Commerce spokesman, the NRC said the president ofReuter - 152 words
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259 1988-03-05 18 IMPORTED cigarettes are being further discriminated against, importer Philip Morris Asia Inc complained yesterday in reaction to higher duties on cigarettes. With immediate effect, the import duty on cigarettes goes up $5. from $70 per kg to $75 per kg, while the excise duty259 words
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Page 18 Advertisements
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Advertisement10 1988-03-05 18 Market awaits firm Opac Una aa prices drop, Paga 510 words
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Advertisement8 1988-03-05 18 S Korea will settle dispute*: Baker, Page 58 words
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Advertisement16 1988-03-05 18 ance i I 0 *»Lk sr > 5. PARIS Lancel Boutique: 435 Orchard Road, #02-28/31 Wisma Atria.16 words