The Business Times, 30 April 1988
1988-04-30
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The Business Times
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Title Section13 1988-04-30 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, April 30-1 May 1988 75 CENTS13 words
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Article261 1988-04-30 1 AP Dow Jones lower WALL STREET STOCKS showed moderate losses at midday yesterday after morning selling dried up. Brokers said the market fell on a prime rate increase as well as futures-related selling. Others factors were upward revisions in the January and February economic indicators. The DowAP - 261 words
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114 1988-04-30 1 THE GOVERNMENT should consider raising the foreign workers' levy if employers cannot be persuaded to hire more older workers, NTUC Secretary-Gener-al Ong Teng Cheong suggested. Besides being more expensive, older workers had been described by some employers as being less nimble and114 words
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454 1988-04-30 1 LEE HAN SHIH - By LEE HAN SHIH HONGKONG shipper Y K PAO has launched a second takeover bid for the listed Hotel Marco Polo Ltd (HMP), at a price triple of what he offered almost exactly two years ago. An announcement by454 words
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522 1988-04-30 1 LIM SOON NEO - DEVELOPER MUST TRY TO BRING BACK ORIGINAL HAWKERS By LIM SOON NEO THE GOVERNMENT is reducing its role in the resurrection of Bugis Street, the infamous nightspot whose flamboyant transvestites and open-air food stalls used to be a magnet for tourists522 words
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Article, Illustration104 1988-04-30 1 TAKEOVER RUMOURS ruled regional stock markets yesterday, pushing share prices higher. The Singapore market closed firm with market players speculating on the takeover of Marco Polo (see story, this page). The Straits Times Industrial Index rose 4.49 points to 965.94 while the BT Composite Index104 words
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Article, Illustration603 1988-04-30 1 ANNA TEO - By ANNA TEO ORGANISED electioneering won the day for Mr Ng Ser Miang. Trans-Island Bus Services managing director, at the Automobile Association of Singapore (AAS) elections last evening. Backed by overwhelming support, Mr Ng and his group of professionals gained control603 words
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Article118 1988-04-30 1 THE BANK of England yesterday sold the British pound on the London foreign exchange, in an attempt to curb the currency's rise following the release of bet-ter-than-expected March UK trade data. The figures also show Britain's current account deficit narrowing to an estimated £254118 words
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Page 1 Advertisements
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Advertisement289 1988-04-30 1 Nikon Tkm WorM's Fktmt PhctognpMe sf%twm Full report, Pag* 14 Regional marfcots, Pmgm 16 World marfcota, Pago 17 Ingredients for a better life, Page 2 BEING LATE is no crime, the habitually late Singaporean may rhyme. But we all have to follow the clock. That Is, if we want to289 words
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Advertisement332 1988-04-30 1 Nikon y i >* rfj fHfr fiiniß Oh, what a party! Page 7 PifiiH TrMa Where angels fear to tread Page 7 Fighting travel sickness without pills Page Ltttar ta a One man's tips on supermarketing Page Ftti Noodles, beancurd and the taste of home Page TV programmes for today332 words
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HOME NEWS
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Article, Illustration441 1988-04-30 2 TECHNOLOGICAL advances will give foreign television a wider reach into Singapore in the future, but the government will study these developments and try to "filter their inflow into Singapore", said Prime Minister Lee Kuan Yew yesterday. Singapore's only broadcasting station can also check441 words
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Article, Illustration412 1988-04-30 2 TONG SUIT CHEE - By TONG SUIT CHEE TRAVEL AGENTS would like the government to tighten the rules for the trade so that professionalism in the industry can be raised. Proposals to change some aspects of the Travel Agents Act 1975 were put up at the ninth412 words
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218 1988-04-30 2 THE ADVISORY COUNCIL on Family and Community Life, one of the six advisory councils set up to implement the Agenda for Action, is inviting views from the public on how to improve family and community life. The council, whose 12 members were announced218 words
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138 1988-04-30 2 PREGNANT WOMEN, previously prohibited from working on night shifts, are now allowed to work from 11 pm to 6 am as long as they are certified medically fit. The Ministry of Labour has revoked the Employment (Female Workers) Regulations 1985 and replaced it with138 words
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Article45 1988-04-30 2 IN YESTERDAY'S report, "Threeway tussle for AA presidency", BT referred to Mr David Yew Chong Kew as a former vice-president of Asia Commercial Bank. Mr Yew is, in fact, the executive vfcf-president of Asia Commercial Bank. We are sorry for the error.45 words
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466 1988-04-30 2 THE SELECT COMMITTEE looking into the Team MP bills, at a special sitting yesterday, pressed four individuals for evidence that the Team MP concept was an insult to minority races. But the four were unable to give any.466 words
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318 1988-04-30 2 THE TOOL and die industry, which has fewer than 20 designers, needs another 300. according to the chairman of the Singapore Tool Die Association (Stada). Acknowledging that this might not materialise, Mr Leslie Lim estimated anyway that about six designers were needed318 words
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217 1988-04-30 2 THE Singapore Chinese Chamber of Commerce and Industry's recent trade mission to Thailand generated immediate sales of $1.45 million and negotiations which could lead to contracts worth $14.4 million. The five-day mission, led by Mr Leong Heng Keng, vice-president of the217 words
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335 1988-04-30 2 SINGAPORE has all the ingredients for a better quality of life. That is. it has political stability, industrial peace and a strong labour movement, said National Trades Union Congress secretary-general Ong Teng Cheong. Mr Ong, who is also Second Deputy Prime Minister, was speaking at335 words
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Article112 1988-04-30 2 THREE major oil companies in Singapore yesterday announced that they are raising petrol prices. Shell Singapore moved up pump prices yesterday evening for Formula Shell Super to 94.2 cents a litre, Formula Shell Extra to 88.0 cents a litre and Shell Formula Diesel to 42.5112 words
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Article1181 1988-04-30 2 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES Als Reliance K3D olongside 3004/1500 An U KI9 alongside 3004/1500 Berber Tobo 009 alongside 0105/0700 Haifeng KI5 olongside 0105/2300 Ned Singapore K18 alongside 3004/1700 Twnsltui K29 alongside 0105/2300 Trade fair K35 olongside 04 05/0600 Concord Hoyato KI6 3004/00151,181 words
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Page 2 Advertisements
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Advertisement64 1988-04-30 2 REMIX 3 from the Philippines -J V k y 4 v I V i Jk A Gladys, Joy and Leila the voices of Remix 3. An original group from the Philippines to captivate you with their vibrant renditions of top pops, love songs and evergreens. Nightly from 8 pm, except64 words
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Page 2 Miscellaneous
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Miscellaneous180 1988-04-30 2 v/S''* Max/ Note Min (°C) 23/10 Hoze 10/07 Rain 22/14 Cloudy 31/22 Clear 33/27 Fair 31/25 Clear 28/15 ClMr 29/20 Sunny 19/08 Clear 17/04 Cloudy 28/20 Cloudy 15/08 Cloudy 26/17 Fin* 16/06 Clear 15/05 Clear 35/21 Clear 18/00 Clear 18/14 Roin 29/18 Clear 06/02 Clear 09/02 Clear 32/26 Cloudy 12/03180 words
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OVERSEAS
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196 1988-04-30 3 Reuter THE US SENATE Armed Services Committee on Thursday unveiled a U*****.5 billion defence bill cutting "Star Wars" funds and continuing restrictions on testing for the anti-missile programme. The committee voted to authorise U554.55 billion for the programme, formally called the Strategic DefenceReuter - 196 words
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Article931 1988-04-30 3 ARRIVALS Operator Service Local From number time SiA SQU 0040 LAX/NRT MAS MH601 0140 KUL CAL 0333 0405 TPE SIA SQ41 0610 MAA MK MK746 0725 MRU SIA SQ23 0755 AMS/BOM MAS MH640 0820 KUL SV SV398 0835 JED/RUH KAL KE624 0840 KUL SIA SQ417 0845 DXB/KHI931 words
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361 1988-04-30 3 Reuter THE WHITE HOUSE told Congress on Thursday it wants a new trade bill to replace one passed by lawmakers that President Ronald Reagan will veto because he disagrees with some provisions. But Democratic leaders in the Senate, which approved theReuter - 361 words
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258 1988-04-30 3 Reuter US SECRETARY of State George Shultz strongly warned against trade protectionism on Thursday, calling it "economic arson that eventually burns down everyone's house". He was speaking at a university alumni dinner on Thursday, a day after the Senate gave final approval to anReuter - 258 words
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282 1988-04-30 3 Reuter THE WORLD TRADE BODY, Gatt, on Thursday concluded a special three-day meeting in Geneva on China's application for readmission to the 96-nation group and will hold further talks on the subject in June, delegates said. China was a founding member ofReuter - 282 words
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169 1988-04-30 3 AP JAPAN has strengthened its export controls and is cooperating against leaks of strategic technology to the Soviet bloc, the US State Department said in Washington on Thursday. "We are engaged in a continuing dialogue with Japan and our other.. partners inAP - 169 words
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324 1988-04-30 3 Reuter SOUTH KOREA has announced its biggest monthly current account trade surplus, achieved despite a steadily appreciating currency and chronic friction with its main trading partners. The Bank of Korea said in Seoul on Thursday that the current account surplus. which includes tradeReuter - 324 words
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Article, Illustration365 1988-04-30 3 AP US DEMOCRATIC PARTY presidential front-runner Michael Dukakis urged President Ronald Reagan on Thursday to "put partisan politics aside" and drop plans to veto a trade bill sent to the White House by Congress. In recent campaign appearances, Mr Dukakis has criticisedAP - 365 words
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254 1988-04-30 3 AP THE European Community (EC) is ready to move against the United States at the General Agreement on Tariffs and Trade (Gatt) if the current US trade bill becomes law, the EC warned. The announcement on Thursday came from EC Commissioner forAP - 254 words
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Page 3 Advertisements
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Advertisement56 1988-04-30 3 f I \i I» llf The business person's choice, every I I II I 11 I Tuesday, Thursday, Saturday and 1 1 Ml II W Sunday. Leaving Changi Airport at 1 JL 22:05 hours and arriving at Lester B. Pearson International Airport the following day Call your Travel Agent or56 words
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Advertisement33 1988-04-30 3 paco rabanne pour homme m. a •'\y V tt.i V'' it, ■>' "^v 191 >: l > .<r i v s W e^ T liyia«g?-- W What is remembered is up to you paco rabanne PARIS33 words
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Page 3 Miscellaneous
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Miscellaneous71 1988-04-30 3 Doonesbury kjeu, TVEBEEN SETTING PLENTY OF REST! SO UJHER& APE KXJANPB.P. LIVING THESE DAYS? SNARJF! m VI 'fi m ta ss B BY GARRY TRUDEAU H/SSSSf THB LORD HUNK-RA SPEAKS! THE SECOND ANNUAL HARMONC CONVERGENCE UMLL be sponsored by lite BEER! REMEMBER-SET YOUR CLOCKS BACK TWO HOURS! REALLY? WHAT PART71 words
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BANKING AND FINANCE
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458 1988-04-30 4 PATRICIA M SCHERSCHEL - By PATRICIA M SCHERSCHEL IN RHETORIC tinged with both praise and criticisms, delegates to the Asian Development Bank's annual meeting in Manila yesterday called for changes in lending policies held by the ADB and other creditors to the region's developing economies. Several countries, including458 words
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352 1988-04-30 4 THE CHINESE delegation appeared to backpedal a bit from diplomatic confrontation with the Taiwanese delegates during Thursday s session at the annual meeting of the Asian Development Bank in Manila. In her formal speech before yesterday's morning conference, Madam Qui Qing,352 words
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179 1988-04-30 4 Reuter MAJOR GOVERNMENTS and international institutions such as the World Bank should step in to save debt-burdened developing nations from economic collapse, according to Bank of Tokyo Ltd chairman Yusuke Kashiwagi. Speaking at the annual lunch of Reuters Holdings PLC in London on Thursday, MrReuter - 179 words
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Article86 1988-04-30 4 A NEW FOREIGN stockbroking firm, CL-Alexanders Laing Cruickshank (S) Pte Ltd, was officially opened yesterday. Its immediate parent is the London-based CL-Alexanders Laing Cruickshank Holdings, but its ultimate parent is Credit Lyonnais, which has an offshore branch here since April 1979. In Singapore, Credit Lyonnais also86 words
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Article1063 1988-04-30 4 SINGAPORE: The US dollar finished mixed against major currencies yesterday after moving aimlessly within a 30 to 40 point range, dealers said. The dollar ended at 1.6670/80 marks against New York's 1 6695/6700, and at 124.55/65 yen from 124.50/60 Dealers said trading was thin as most operators were1,063 words
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COMMODITIES
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Article157 1988-04-30 4 THE PRICE of tin on the KLTM yesterday cloMd unchanged from Thursday at M 517.35 a kg on incraaaad activity ahaad of tha long waakand. Ranawad Europaan damand couplad with light local intarast hafpad prices to stay at Thursday's levels whlla voiuma roaa to 78 tonnas from 46.157 words
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Article285 1988-04-30 4 HONGKONG: The metal closed slightly lower yesterday in quiet trading in line with the currency market, reflecting Tokyo's closure for the "Golden Week" holidays. Light profit-taking by small investors pushed the metai down, though further falls were prevented by concern over possible crude price rises as Opec ministers285 words
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Article189 1988-04-30 4 SOYBEAN FUTURES on the Chicago Board of Trade closed mixed on Thursday, with new crop values falling to new day's lows late May ended unchanged at US$6 75% a bushel, with September falling 3/4 cents at the close. After edging within !4 cent of the contract high of US$7189 words
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Article252 1988-04-30 4 SINGAPORE The market closed easier yesterday with May One RSS buyers quoted at 240.00 cents a kg, down one cent from Thursday's close. After marking one cent lower at the outset, prices fluctuated thereafter within narrow ranges on some profit-taking in quiet morning trading. Prices were little changed in252 words
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Article239 1988-04-30 4 HAS prices In S cams/kg, FOB In bah M NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 241.00 242.00N 241 JO 242.50N Int 1 RSS May 88 239.50 240.50N 240.00 241.00 Int 1 RSS June 239.50 240JO 240.00 241.00 Int 2 RSS OP 238.50 240.50N239 words
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Article77 1988-04-30 4 (cent*/leg) RAS SSR 20 SSff 50 MRELB SM» CV SMff I SMff 5 SMff GP SMff 10 SMff 20 SMff 50 MAY 1988 (current month) NOON Buyers Sellers 231.50 233.50N 230.00 232.00N Buyers Sellers ***** 399.00N 409.50 4I150N 318.00 320.00N 313.00N 302.00 304.00N 295.50 297.50N 291.50 293.50N77 words
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Article98 1988-04-30 4 TRADE remained at a standstill yesterday in a generally directionless market. Some signs of bearishness was appearing but everyone was waiting for Opec to give a clear lead. Closing prices for crude (FOB origin) USS/barral Otanpa Top* (May) 17.40 unc* Minos (May) 16.46 *0.06 Dubai 15.2i -0.3298 words
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Article309 1988-04-30 4 London Commodity Exchange Buyer/Seller dating prices on April 28 (£/tome unless specified). Previous closing prices in parenthesis. May/Jun 535slr (540slr) Jun/W 545dr (545/540od) Jul/Aug 555sir (565pd) Aug/Sep 565slr (570dr) M'slon polm kernel oN 5V4pc OF Rotterdam Moy to Jul 520sir Aug/Sep 530sJr (530slr) Coffe* London Metal Basis ln-s»ore309 words
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Article185 1988-04-30 4 WHEAT FUTURES on the Chicago Board of Trade fell late in the session to close four to 3% US cents a bushel lower on Thursday Spot May closed down four cents at US$3 06%. The late sell-off in wheat futures, along with corn and soybean prices, came on commission185 words
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Article385 1988-04-30 4 Malaysian cruda palm oil futuras on the Kuala Lumpur Commodity Exchange yesterday closed mixed in moderately active trading. Dealers attributed this to short-covering ahead of the long weekend holiday. May eased Ms 3 to M 5955 a tonne while June fell Msl to. M 5933. July however was385 words
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Article239 1988-04-30 4 Chinese Produce Exchange Sellers' noon doting prices on April 29 (S$/100 kg) Coconut oil Bulk FOB 107.00 OW drum FOB 117.00 New drum FOB 121.00 Copra Mixed (loose) 61 sellers Pepper Muntok white FOB NIW 1077.50 Sarawok white FOB foq NLW 1062.50 Sarawak special black FOB NIW 660.00239 words
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MONEY AND EXCHANGES
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Article1632 1988-04-30 5 CURRENCY FUTURES OPTIONS Friday, April 29, 1988 DEUTSCHE MARK (SIMEX) "«T M call* May U puts High Low Satt High Low M 54 CA» 55 CAB 56 CA» 57 3151 320 CAB 58 2151 220 CAB 59 1178 121 2 60 351 37 19A 17 61 4 88* 841,632 words
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Article200 1988-04-30 5 MOST IMM currency futures closed slightly higher on Thursday. After opening modestly higher following gains overnight in overseas trading, prices rose to session highs on concern about possibly higher interest rate overseas. Comments by the Bundesbank's Schlesinger that West Germany could raise its rates in reaction to higher US200 words
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Article483 1988-04-30 5 JUNE EURODOLLAR on the Simex opened seven ticks lower at 92.41 yesterday following losses in the Chicago session on a smaller-than-expected US jobless claims which implied a strong employment figure to be released next week. After edging to the high of 92.42, the June contract eased off to 92.39483 words
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Article195 1988-04-30 5 Asian market ASIAN DOLLAR 1 deposits closed steady at yesterday's opening levels. US$ OFF€B M> 7 doy« 7 1/16 6 15/16 1 month 7 1/8 7 2 morrttii 7 1/4 7 1/8 3 moMfn 7 5/16 7 3/16 6 montfti 7 9/16 7 7/16 9 marttit 7 3/4 7 5/8195 words
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Article153 1988-04-30 5 Gold futures on April 28 100 troy ounces; USS per troy ounce Open High Lorn s*mt Mo, 450.60 -1.70 Jui 454.20 454.80 453.50 453.60 -1.70 Aug 458 60 459.30 457.00 457.00 -1.70 Oct 463.70 463.70 463 70 461.70 -1.70 DK 466.10 468.60 466.30 466.50 -1.70 Fob 89153 words
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Article85 1988-04-30 5 Treasury bills Period Issue Yesterday's closing Day's code Maturity ftID OFFER HIGH LOW 3 months BQ*****S 28.7.88 3.09 3.04 3.03 3.02 6 months BY*****H 22.9.88 3.13 3.08 1 year BY*****Z 23.3.89 3.21 3.16 3.19 3.14 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code85 words
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238 1988-04-30 5 Reuter BARCLAYS PLC chairman John Quinton said on Thursday the £921 million rights issue approved by shareholders on Wednesday was intended to promote growth and improve the bank's capital ratios. There had been concern in the market that the cash call, which was offeredReuter - 238 words
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Article, Illustration178 1988-04-30 5 Indicate* th« average of thm prim* landing rates of 12 major banks In S'pore Interbank market rates (offer/bid) on April 29 us$ DM SWFC Y«n 7 dor. 7-47/1 7 1/4 7 3 7/16 S/16 3 1/t 1 7/t 3 13/16 11/16 1 IRlll 7 1/1-7 1/4— 3178 words
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Article61 1988-04-30 5 THE OVERNIGHT rate on the Singapore interbank market roee point to cloee at 3% per cent yesterday. The term rates were unchanged across the board. 3$ Interbank rotes at 12 noon yostorday: om» mo 5? 3 S/a 3 1/3 1 mmp 3 3/1* 3 3/1* 3-aMk 3 5/1*61 words
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Page 5 Advertisements
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Advertisement9 1988-04-30 5 11l BANQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 01069 words
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Advertisement119 1988-04-30 5 I m m x< Prepared by Hong Kong Masterchefs Dainty prawn dumplings crispy yam rolls Steaming hot buns and many more of your favourite dian xin in authentic Hong Kong flavour. Served daily in the cosy ambience of the Fortune Gate Restaurant Fortune Gate Restaurant the place for the best119 words
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PERSPECTIVE
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Article564 1988-04-30 6 SINGAPOREANS who are habitually late and have run out of plausible excuses can take heart from Fritjof Capra's argument in The Tao of Physjcs that Eastern philosophers, whom modern relativity theory has proved superior to the Greeks in this regard, have always known that space564 words
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Article, Illustration1624 1988-04-30 6 CHARLES SAVAGE - The 101-year-old National Museum has always stood at the corner of Stamford Road and Fort Canning, her distinctive architecture reflecting her colonial heritage. But things are getting cramped under her splendid dome and plans are being made to relocate some of the1,624 words
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Article245 1988-04-30 6 Milton Tan - Letter to the Editor Milton Tan Dear Sir I refer to the article on the Automobile Association of Singapore elections in the Business Times yesterday (April 29). Please note the following points: 1) I returned your reporter's call when I returned to my office last245 words
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Page 6 Advertisements
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Advertisement15 1988-04-30 6 A GRAND DESIGN Towards Stivi.ipi.n 4 Design C rntrv y MAY 1988 NOW AT NEWSSTANDS15 words
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Page 6 Miscellaneous
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Miscellaneous814 1988-04-30 6 mmmtm CRYPTIC PUZZLE ACROSS 9 Often when in prison? (4. 1. 4) 10 Can he tell just what the smile means? (3-6) 12 The trip turned out right at the end (4) 13 I took the new leash round to her (6) 14 Following back to join again outside (7)814 words
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Executive Lifestyle
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Article217 1988-04-30 7 THERE ARE STRAWS in the wind. And there are also "straws between the teeth", Zephyr discovered on a British Airways flight recently. Along with the usual utensils, the meal tray on board contained what looked like an extremely short drinking straw with one end cut diagonally.217 words
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Article, Illustration864 1988-04-30 7 Where angels fear to tread With LHY THE NEON SIGNBOARD winked and beckoned invitingly from across my hotel room. My good eyesight made out the words easily on the signboard at the walkup restaurant's entrance. "Sizzling B-B-Q Spareribs", it said. They must be pretty good too, I thought, judging fromWith LHY - 864 words
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Article, Illustration1296 1988-04-30 7 MONICA GWEE - By MONICA GWEE TO THINK it all began with weddings. When life insurance agent Chan Wai Yin, 24, and Peter Seow, 27, who was in the shipping business, were introduced, they talked about sharing office space. It wasn't much later before they thought about going into1,296 words
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Page 7 Advertisements
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Advertisement28 1988-04-30 7 FOR THE CARD WITH THE LONGEST INTEREST-FREE REPAYMENT PERIOD OF 25 DAYS, CALL 532 3577 CHASE CMASI VANHA-'TAS CLASSC CART •.HSS2 ib?B{L'3r£ ««rm m mrEx CHASE CLASSIC VISA28 words
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Advertisement161 1988-04-30 7 ®STJ3 lifoll? -5- *V.' »|r t T;fV- v,, ti Rfl 4sSmU" *&m wsmm :</■>;■-ji,i &it{* •tm V* f/saa <** as r; &&5 /•<* SSfc i»^a; ran •</?« ■rj •>y as v or T WJ y^rrs^ > 'f M J"' '/••■■St *j < mm r. £> &srj?A x*nttl? W jSfte,fit- VJ161 words
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Executive Lifestyle: Entertainment & Pursuits
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928 1988-04-30 8 RICHARD SEAH - HEALTH By RICHARD SEAH A WORRISOME THING happened while I was in Pakistan recently I lost my "life savers". They were a pair of slightly elastic bands, each with a bead, worn around the wrist. Since 1986, I had never travelled without them. They protected928 words
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Page 8 Advertisements
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Advertisement932 1988-04-30 8 COURVOISIER XO-Where to eat, drink... Pick a winner at Royal Holiday Innauthentic Hongkong dianxin When you've tried our fine selection of dianxin delicacies, you'll agree that it is among the best outside of Hongkong, its land of origin. Prepared with fresh, quality ingredients, you can't expect less Available at Metsan932 words
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Advertisement223 1988-04-30 8 ism Catch the excitement and fever of Singapore's richest annual fashion and glamour event. SEMI-FINALS Model of The Year April 26, 29 Male Model of The Year May 3, 6 Discovery of The Year May 10, 13 (all starting at 9 pm) uiiiimw fbr reservations call *****11 ext 721, The223 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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313 1988-04-30 9 Decisions, decisions, decisions how to avoid them LETTER I CALL my wife Supermarketeer. She is faster than a speeding trolley, and able to breeze through the check-out counter with a single bound. Just last Sunday, I dropped her outside the Cold Storage Supermarket off Patong Road. Then I went to313 words
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Article, Illustration660 1988-04-30 9 JAIME LYE - CINEMA By JAIME LYE WANT TO KNOW what masochism is really like? Go and see John Hughes s Planes, Trains and Automobiles. For maximum effect, go and see the 1.30pm show on a Saturday; position yourself somewhere near Centrepoint at 1.15pm; and660 words
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Article, Illustration872 1988-04-30 9 CHARLES SAVAGE - FOOD By CHARLES SAVAGE YOU GET FOOD, nostalgia and a chance to do a bit of stargazing at a little old noodle shop in Chinatown. But at Chop Yick Sang, first and foremost is the food, or rather, its noodles and bean curd. The872 words
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Article, Illustration452 1988-04-30 10 JAIME LYE - TELEVISION By JAIME LYE THE GENERAL reaction to the English-dubbed version of Samsui Women may well be described as such if ears were capable of growing goose pimples, there would have been a lot of human raspberries ripe for the picking last Saturday night. That452 words
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Article, Illustration436 1988-04-30 10 TISA NG and Paul Kuah have been saying "good morning" to Singaporeans for the past three Sundays, and at the rate it's going, it's not so much '"good morning as it is "good yawning". But upon sieving through the deluge of matter436 words
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Page 9 Advertisements
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Advertisement550 1988-04-30 9 and entertain 4 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN (XX. USES. PALM For between $26+ and $40+ I ou can se ect fr° m our appetiser vjKILL buflet including seafood, smoked salmon and oysters. Choose from many550 words
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Page 10 Miscellaneous
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Miscellaneous1785 1988-04-30 10 SLOTS TO WATCH The Sound of Music and the Bee Gees Mo vi es Truman Capote plays an eccentric billionaire who invites the world's greatest detectives to his house to solve a baffling whodunnit in Murder By Death. This Neil Simon comedy spoofs such characters as Charlie Chan, Miss Marple1,785 words
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Miscellaneous1034 1988-04-30 10 Saturday BBC 88.9 mHz in VHF Band II 6AM World News 6.09 The World Today 6.25 A Letter from Northern Ireland 6.30 Financial News 6.40 Reflections 6.45 Sports Roundup 7.00 World News 7.09 Commentary 7.15 From the Weeklies 7.30 Multitrack 3. 8.00 World News 8.09 News about Britain. 8.15 Radio1,034 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration530 1988-04-30 11 JAIME LYE - SBC SHOWTIME 25 By JAIME LYE IT HAD all the trappings of a great party. It was too bad the guests in the audience couldn't join in, though. It was Showtime 25 on Thursday night, and from the outside, it looked like Christmas was happening530 words
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Article, Illustration557 1988-04-30 11 EUROPEAN flair took centre stage last week, highlighting the season's cool, clean and fluid simplicity. Organised by the all-volun-teer Breadline Group, which provides community services to the aged and the poor, the lunchtime splash at the Island Ballroom at the Shangri-La Hotel, featured557 words
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Article, Illustration352 1988-04-30 11 JAFRI MOHAMED - FASHION By JAFRI MOHAMED THREE perspectives of "Down Under" fashion took flight on the catwalk last week at the Oriental Hotel. Held in conjunction with the hotel's Secretaries' Week celebrations, the show featured three Western Australian designers Skid Rose, Rhonda Featherby352 words
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Article, Illustration569 1988-04-30 11 JEFFREY TSANG - MOTORING By JEFFREY TSANG YOU MUST have heard this before: what's the difference between a pigeon and a yuppie? A pigeon can still afford to make a deposit on a Porsche. Stock market crash or no, Porsche's local importer. Stuttgart Auto, would beg to differ. Sales are as569 words
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Article957 1988-04-30 11 CINEMA: Wall Street starring Michael Douglas. Charlie Sheen, Daryl Hannah and Martin Sheen. Showing at Cathay: 10.30; 1.15; 4; 6.45; 9.30. The Last Emperor starring John Lone, Joan Chen and Peter O'Toole. Showing at Lido: 11; 2.15; 5.30; 8 45. Moonstruck starring Cher. Olympia Dukakis. Showing at Orchard: 11;957 words
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Page 11 Advertisements
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Advertisement36 1988-04-30 11 More and more mm mm Je around the world are beginning to experience the ultimate in waterbed comfort. kTJ 1 ir OmftxAor* «or 0««rr M», i FANTASY WATERBEDS '024 nOADS»NG*POnf 27TS In »"«7349 Te». F»NASV *****36 words
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Executive Lifestyle: Sports
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Article696 1988-04-30 12 JEROME FANDOR - on TMCk With JEROME FANDOR MALCOLM THWAITES's Class 3 horses return to a happy hunting ground this weekend At the last Penang meeting, both Sunday Guest and Saratoga Six scored doubles They return a class higher but still in great shape and should keep their696 words
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Article, Illustration369 1988-04-30 12 TENNIS AP SECOND-SEEDED Aaron Krickstein and No 7 seed Jimmy Arias advanced on Thursday to the quarter-finals of the US Men's Clay Court Championship in South Carolina. Krickstein defeated Christian Miniussi 6-1, 6-0 in 52 minutes, while Arias downed Jaime Yzaga 7-6 (7-1), 6-2AP - 369 words
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Article152 1988-04-30 12 GOLF LIM SWEE WAH and M Murugiah moved Singapore only one step away from a historic Dunhill Cup final appearance with a 2-1 win over Hongkong in yesterday's Pacific zone first round qualifying match. Swee Wah carded a one-un-der-par 70 for a two-stroke win152 words
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Article, Illustration425 1988-04-30 12 BASKETBALL AP MICHAEL JORDAN was not about to let the crowd know that his hard fall to the floor wasn't Craig Ehlo's fault. Jordan, who scored 50 points as Chicago defeated Cleveland 104-93 in their play-off opener on Thursday night, went down with a twisted kneeAP - 425 words
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417 1988-04-30 12 YACHTING AP AMERICA'S Cup defenders have accepted an Australian club as a second challenger in this year's regatta under the condition that it agrees to their catamaran and race date schedule. Cup officials in San Diego said on Thursday that those two points were beingAP - 417 words
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Article, Illustration716 1988-04-30 12 MIKE THUMBA - BRIDGE by MIKE THUMBA IN CONTINUING our discussion: on the subject of overbidding, w< come to another area where it i! abused, particularly by the take out doubter. A takeout doubU bid is made when you don't havi either a 5-card major suit or j long716 words
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Page 12 Advertisements
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Advertisement899 1988-04-30 12 r The First Canadian Bank Bank of Montreal 129, St. James Street, Montreal, Quebec H2Y IL6, Canada STATEMENT OF ACCOUNTS FOR YEAR ENDED 31 OCTOBER 1987 Note: All figures quoted in Canadian dollars (thousands) ANNUAL FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT 31 OCTOBER, 1987 CONSOLIDATED STATEMENT899 words
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Executive Lifestyle: Personal Investment
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Article, Illustration810 1988-04-30 13 Alvin Tay - EFFECTIVE INTEREST RATES coßnEß^m -by Alvin Tay EARLIER this week, both Singapura Building Society Ltd (SBS) and Forward Oversea Credit Ltd (FOCL) advertised that their car loan rates start from just 2.75 and 2.85 per cent respectively. And the three810 words
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632 1988-04-30 13 OFFSHORE FUNDS IHT OFFSHORE FUNDS investing in Japan and other Asian countries stock markets tallied double-digit returns in the first quarter while other portfolios barely inched out of October's price trough. In the three months ended March 31, the funds invested in Japanese equities generatedIHT - 632 words
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Article, Illustration707 1988-04-30 13 ART TRADE THE MAIN event of the week (April 18-23) was the start of the marathon 10-day sale in New York. It featured the collection belonging to the late contemporary artist, Andy Warhol The series of sales of works of art, collectibles and ephemera707 words
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633 1988-04-30 13 ALVIN TAY - HOME FINANCING Banks have been offering a variety of incentives to entice prospective home owners. But their schemes also come with strings attached. In this report, Banking Correspondent ALVIN TAY emphasises the need to study the fine print before signing the loan agreement. ALVIN633 words
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Page 13 Advertisements
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Advertisement91 1988-04-30 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. SOTHEBY'S FOUNDED 1744 Fine Modern Chinese Paintings 19th May 1988 Hong Kong am •va> A V N ft V v < *191 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4701 1988-04-30 14 TRADING PICKED UP on the Singapore stock market which was rife with speculation of takeover bids for hotel-based Marco Polo and trading company Intraco. By the close of trading, there was still no news from Marco Polo, which was suspended for the third4,701 words
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Page 14 Advertisements
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Advertisement12 1988-04-30 14 Unit trusts table, Page 15; Business done on the SES, Page 1512 words
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COMPANY NEWS
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Article350 1988-04-30 15 MALAYA Tin Printing Co Ltd (MTP) has halved its losses for last year as its share of losses from associates and subsidiaries was trimmed substantially. While still in the red to the tune of $3.78 million at the net attributable level (previous loss of $7.16 million),350 words
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Article92 1988-04-30 15 NST KUALA LUMPUR Industries has reported a larger group pre-tax loss of Ms 9 million for the year to Oct 31, 1987, compared with a loss of M 52.6 million in the previous year. The company said yesterday it has appointed 0 C Mitsui Merchant BankersNST - 92 words
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161 1988-04-30 15 GOVERNMENT investment holding company Temasek Holdings said yesterday it had not received any offer to buy its shares in trading-based Intraco Ltd. When contacted by BT, Temasek's deputy chairman P Y Hwang said: "Temasek is not actively seeking a buyer." However, BT understands161 words
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Article3577 1988-04-30 15 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".3,577 words
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Article271 1988-04-30 15 Managers' prices for Apr 30 May 3 Japan Gr Fund Shenton Thrift Fund 163 081 1 68* 081 Singapore Unit Trust UOB Management UniKmd 085 085 The Commerce 096 102 Unibond 1005 1025 The Sovings Fund 081 087 S'pore Prog fund 039 043 MARA-Bumiputra S pore Sec Fund271 words
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Article150 1988-04-30 15 KRAMAT TIN DREDGING Berhad: 59th AGM at the PNB Theatrette, 2nd Floor, Menara PNB. 201A, Jalan Tun Razak, ***** Kuala Lumpur on Wednesday, May 4. at 10.30am. KUALA KAMPAR TIN FIELDS Berhad: 58th AGM at PNB Theatrette. 2nd Floor, Menara PNB, 201A. Jalan Tun Razak, ***** Kuala Lumpur150 words
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379 1988-04-30 15 CORRINA LIM - By CORRINA LIM SINGAPORE PRESS Holdings Ltd, which maintained its performance with an interim profit after tax and minorities of $43.21 million, is planning to diversify into the newsprint business. At a press conference yesterday. chief executive offioer Frank Yung said nothing has379 words
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334 1988-04-30 15 MBT BERJAYA CORP (Malaysia), the largest shareholder in South Pacific Textiles Industries (SPTI), yesterday made a general cash offer for the rest of the SPTI shares at M 54.04 a share. The cash offer for the remaining 17.53 million shares will total MMBT - 334 words
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163 1988-04-30 15 JACK CHIA-MPH has consolidated its hold on three Australian companies by turning them into subsidiaries of the group. Jack-Chia Properties (Australia) Pty Ltd (JCPA) and Jacy Investments (Australia) Pty Ltd (JIA), in each of which JC-MPH has a 50 per cent stake,163 words
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LATEST RESULTS
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Article77 1988-04-30 15 MULPHA (S) Ltd halved its after-tax loss to $8.89 million (loss of $16.23 million previously) on a reduced turnover of $58.29 million for the year ended Dec 31, 1987. Extraordinary gains of $13,000 consisted of gains from disposal of investments of $2.18 million, less77 words
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59 1988-04-30 15 MOUNT PLEASURE Holdings Bhd's after-tax loss widened further to M 56.20 million (M 51.73 million) for the year ended Jan 31, 1988, on a 36 per cent drop in turnover to M 510.19 million. Loss per share widened from 1.5 cents to 5.259 words
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Page 15 Advertisements
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Advertisement109 1988-04-30 15 SENIOR M/E ENGINEER We are a multi-disciplinary Consultancy Group in Hong Kona and are looking for an experienced ENGINEER to head our M&E Section of roughly 40 persons. Applicants should have at least 15 years' experience related to Building Services, principally in HVAC, with administration and leadership ability, and must109 words
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Advertisement432 1988-04-30 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EQUIMED PTE LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTION PURSUANT TO SECTION 290(2) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at No. 1432 words
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Advertisement366 1988-04-30 15 THE MATTER OF THE COMPANIES ACT, CAP. 50 AND DELICIOUS NOODLES HOUSE PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 50 Jin. Sultan #21-04 Jalan Sultan Centre, Singapore 0719 on Saturday the 23rd day of April 1988 at366 words
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Advertisement344 1988-04-30 15 IN THE MATTER OF THE COMPANIES ACT. CAP 50 ANO IN THE MATTER OF EUROGOOO TRADING PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Company duly convened and held at 258 Orchard Rd, Singapore 0923 on the 25th day of April 1988. the344 words
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Advertisement382 1988-04-30 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SETIALXMA AGENCY PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at Building 511, West Camp Seletar Airport on 23 April 1988. the following special resolutions were382 words
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Advertisement336 1988-04-30 15 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF FIBERCELL (S) PTE LTD (In Voluntary Liquidation) GENERAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50. that the Final General Meeting of the Company will be held at 7500336 words
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REGIONAL MARKETS
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189 1988-04-30 16 Reuter BOND CORP CHILE SA has taken board and management control of Cia de Telefonos de Chile SA (CTC) following a CTC annual meeting and extraordinary general meeting in Santiago on Wednesday. Bond Corp Holdings Ltd said. The meeting votedReuter - 189 words
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103 1988-04-30 16 Reuter WARDLEY LTD. a subsidiary of the Hongkong and Shanghai Banking Corp's merchant banking unit Wardley Holdings Ltd. said in Hongkong on Thursday that its profits rose to HK$372 5 million last year. In a statement. Wardley Ltd's chief executive John Mansfield said "allReuter - 103 words
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Article2878 1988-04-30 16 THE KUALA LUMPUR stock market finished higher yesterday, making it the third consecutive session of rises since Wednesday. However, brokers said operators remained wary ahead of the long break which accounted for the reduced business volume. The market will be closed on Monday for the2,878 words
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Article1478 1988-04-30 16 Hongkong Reuter HONGKONG share prices closed higher yesterday, encouraged by the suspension of dealings in a number of listed firms, but trading was sluggish, bro- kers said. The Hang Seng Index rose 14.73 points to 2,602.87 after an early morning 11-point drop and the broader based HongReuter - 1,478 words
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Article132 1988-04-30 16 APR 2* WON Kai ***** 100 Kangwon Ind ***** ♦400 Oe<i Sugar ***** •"•900 Kia Motor ***** 700 Oaelim Ind ***** 1000 Kolon Ind ***** ♦1000 Daewoo Corp ***** ♦600 Korea Long Term ***** ♦200 Daewoo Heavy ***** *200 Lucky Ltd ***** ♦200 Da'Sh.n Securities ***** 1600 Oriental Brewery132 words
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451 1988-04-30 16 MBT MALAYSIAN French Bank's (MFB) rights issue will raise Msls million which will be used to expand the bank's network of branches in the country. It is understood that the rights issue is the first part of a Msso million capital injection planMBT - 451 words
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Article480 1988-04-30 16 Reuter THE AUSTRALIAN stock market closed higher yesterday In most sectors with volumes inflated by further option exercises. Brokers said a scarcity of sellers helped boost prices in selected stocks on low volumes. Speculation about the sale of Mr Robert Holmes A Court's stake in Bell Group to BondReuter - 480 words
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Article167 1988-04-30 16 Reuter THE SECURITIES Exchange of Thailand Index rose 1.74 to 413.91 on a turnover of 6,745,605 shares worth 687.577 million baht. Reuter AM BAHT A Ao Kham Thai 230 -4 Ayudhya Investment 394 12 Bangkok Agro-lnd 141 -3 Bangkok Bank 329 unch Bank Of Ayudhya 356 unch Charoong ThaiReuter - 167 words
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Article301 1988-04-30 16 AM 2* NT t Kolin 45 30 1.2 Kuochan Dev 59 50 -1 Lee Chang Yuan All Sincere Indus 436 0 12 Cham Indus 57 50 unch Asia Camant 64 00 unch Lien Hwa Indua 64 50 15 Cathay Cons 95 00 1 Nan Ya Ptaa 79 50 2301 words
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Article102 1988-04-30 16 APR 2* pesos Marsteei 0 004 unch Oriental B 0 047 0 002 Acofe Mining -0 002 Phil Overseas 0035 unch Anglo Phil 001 Phi lex B 040 unch Apex Mining B 0 027 unch Picop B Attn Con B 22 50 -0 25 PLOT 176 -3 Baguio Gold102 words
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Page 16 Advertisements
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Advertisement333 1988-04-30 16 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in Singapore) Half Year Report and Dividend Announcement The Board of Directors of Singapore Press Holdings Limited announces the following unaudited results for the half year to 29th February 1988. Taxation does not include any significant adjustments in respect of prior years. Extraordinary items comprise333 words
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WORLD MARKETS
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432 1988-04-30 17 FT BRITISH and Commonwealth Holdings, the diversified UK financial services group, on Thursday added fuel to the debate over takeover accounting by changing its treatment of goodwill, the difference between the price paid for a company and the net tangible assets acquired. BANOCFT - 432 words
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Article432 1988-04-30 17 New York Reuter WALL STREET stocks closed lower in languid trading on Thursday. News that a lower-than-expected number of workers applied for unemployment insurance in mid-April aroused fear that the economy was overheating and spurred morning selling. Stocks steadied at moderately lower levels and driftedReuter - 432 words
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Article991 1988-04-30 17 London Reuter LONDON STOCKS turned mixed at the official 0800 GMT opening yesterday, with renewed speculative demand lifting many issues off their early lows, dealers said. Overall volume was fairly light, however, with operators awaiting yesterday's 1030 GMT announcement of the UK balance of payments figures forReuter - 991 words
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Article1176 1988-04-30 17 Member firms to provide daily data reports Selected indices HONGKONG Hongkong Index Fridoy 1,715.73 Thursday 1,***** Week ogo 1.705 44 Hang Seng Index Friday 2.***** Thursday 2.***** Wee* ogo 2.591 35 All Industrials Friday 2.3443 Thursday 2.3292 Week ago 2.2922 NEW YORK Dow Jones Thursday 2.041 28 Wednesday 2.***** Week1,176 words
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Article71 1988-04-30 17 AFP FORMER US Federal Reserve board chairman Paul Volcker is to join the Imperial Chemical Industries's board of directors on June 1. ICI announced in London on Thursday. Mr Volcker. 60. would be a "non-executive director". ICI said. He was also an adviser to theAFP - 71 words
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558 1988-04-30 17 NYT THE NEW YORK Stock Exchange has issued a new requirement and is considering others that would enhance the exchange's ability to regulate trading by member firms. In an effort to increase its ability to monitor and analyse program trading, the big boardNYT - 558 words
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414 1988-04-30 17 Reuter AN UNEXPECTEDLY LARGE number of investment firms with applications to trade under Britain's new Financial Services Act still have not received formal approval. Kenneth Berrill, chairman of the Securities and Investments Board, said on Thursday 36,000 individuals and firmsReuter - 414 words
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Page 17 Advertisements
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Advertisement76 1988-04-30 17 9 We are now at 10 ANSON ROAD #03-13/26 INTERNATIONAL PLAZA SINGAPORE 0207 TEL: *****88 T /$4// J "J 1 >T, [ART Statio^YV **y Vx f '<n »*■> v SBS Nos.: 125, 131, 146, 163, 172, 175, 189, 193. CSS Nos.: 2, 5, 7, 8. TIBS Nos.: 161, 180, 850.76 words
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511 1988-04-30 18 MARTIN SOONG - PAP will confront the opposition head on: First DPM By MARTIN SOONG DETENTION WITHOUT TRIAL, a perennial fringe issue for the political opposition in a general election, looks set to become a major campaign plank for all parties in the coming polls. But511 words
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191 1988-04-30 18 THE ATTORNEY-GENERAL has filed a complaint with the Law Society against Francis Seow, the ex-Solicitor General who is acting as counsel for Teo Soh Lung and Patrick Seong. Disclosure of the AttorneyGeneral's complaint was made at the press conference chaired by the First Deputy191 words
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313 1988-04-30 18 TWO OPPOSITION PARTIES yesterday called for the immediate appointment of a Commission of Inquiry to look into the Marxist plot and allegations by eight of the detainees that they had been tortured. The Singapore Democratic Party and the Workers' Party both issued statements313 words
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475 1988-04-30 18 LOH HUI YIN - By LOH HUI YIN THE INTERNAL Security Department, Singapore's intelligence agency, is a professionally-run organisation which must not engage in politics on behalf of the government, said First Deputy Prime Minister Goh Chok Tong. If the Internal Security Department (ISD) plays475 words
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351 1988-04-30 18 WILLIAM CHIA - By WILLIAM CHIA SEVERAL union leaders have expressed support for the Government's re-arrest of eight ex-detainees last week. They were debating NTUC Secretary-General Ong Teng Cheong's report at the three-day NTUC Sixth Triennial Delegates Conference, which will end today. Mr Wee Soo Chuan, the general351 words
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435 1988-04-30 18 Bernama ES BANK NEGARA, in reiterating that the Malaysian economy is basically strong following the results of its latest survey, yesterday refuted a recent interpretation by an independent research body that there was a capital flight of M 55.9 billion out of Malaysia lastBernama ES - 435 words
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337 1988-04-30 18 AP TAIWAN and US trade officials wrapped up four days of negotiations in Taipei yesterday without reaching any agreement, as Taiwan toughened its stand against further liberalisation of Taiwan's trade practices. "We had hoped to launch a bilateral trade liberalisation actionAP - 337 words
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Article, Illustration296 1988-04-30 18 Reuter SIXTEEN MEMBERS of the Thai cabinet resigned yesterday, opening the way for Prime Minister Prem Tinsulanonda to reform his four-party government in advance of a no-confidence motion set for May 9. Mr Prem was expected to make his first major cabinet reshuffle sinceReuter - 296 words
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123 1988-04-30 18 Reuter FOUR OUT of 10 Americans view Japan's emergence as an economic power as a threat, according to a Japanese government survey published in Tokyo yesterday. The poll, commissioned by the Foreign Ministry, showed 47 < per cent of respondents saw Japan's economicReuter - 123 words
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Article110 1988-04-30 18 Reuter COMEX GOLD futures fell slightly in very quiet early dealings yesterday, reacting little to a 0 8 per cent rise in US March leading indicators, which was considered inflationary and bullish in the long term for gold. June gold traded US$O.7O lower at U*****.90 anReuter - 110 words
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LATE FILE
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Article54 1988-04-30 18 AFP THE AMERICAN government's index of leading economic indicators rose a sharp 0.8 per cent in March, suggesting sustained growth for the rest of the year. The Commerce Department said yesterday the government also revised the February index upwards from 0.9 per cent toAFP - 54 words
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Article47 1988-04-30 18 AUSTRALIAN magnate Robert Holmes a Court all but sold out of his corporate empire yesterday after failing to resurrect it from the October stock market crash. The once feared corporate raider sold almost all his controlling stake in Bell group.47 words
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Article56 1988-04-30 18 Reuter SRI LANKAN President Jayewardene's ruling party captured fewer seats than expected in the country's first major polls in seven years, political analysts said yesterday. Political observers said voting to fill seats on semiautonomous councils in four provinces showed a comeback for leftist parties that last tastedReuter - 56 words
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Article60 1988-04-30 18 Reuter PAPUA NEW GUINEA Prime Minister Wingti has accused France of genocide in New Caledonia and called on it to withdraw its military immediately from the South Pacific territory. In a protest letter delivered to the French embassy in Port Moresby yesterday, Mr Wingti called onReuter - 60 words
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Article49 1988-04-30 18 Reuter INDONESIAN tycoon Liem Sioe Liong will merge his two listed companies in Hongkong. First Pacific Holdings and First Pacific International, into a new entity called First Pacific Co. After the merger, Mr Liem and family will own 58 per cent of FPC. ReuterReuter - 49 words
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Page 18 Advertisements
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Advertisement66 1988-04-30 18 GO PUBLIC CANADA U.S. FREE TRADE AGREEMENT REAL ESTATE OPPORTUNITIES Venture Capital Group seeks qualified Asian companies wishing to capitalize on these benefits, expand, and have their shares publicly quoted in' Canada and the United States through merger/reverse takeover of existing public shell corporations. Pfaaao forward portinent information to: Suite66 words
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Advertisement164 1988-04-30 18 V f <**&!&& /w» '-V.- 5 1 X v® -V'-' PsSs* 5* BseM '■mmß^m ■^f.a *%BSHBa Burberrys'i AUTHORISED DEALERS yyyiy IBETAN ORCH A R D ISETAN LE CLASSIOUE METRO GRAND LUCKY PLAZA ROBINSONS SOQO Ts^T ,LE HOUSE •F J BENJAMIN CHANQI AIRPORT GRAND CLASSIC MALLEVB DEPARTMENT STORE HULK PTE LTD164 words
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