The Business Times, 7 May 1988

Microfilm: NL16193
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, May 7-8 1988 75 CENTS
    12 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    268 1 AFP Dow Jones higher THE US stock market rallied yesterday morning in response to the latest news on US employment. The Dow Jones Average rose 9.78 points to 2,030.01 at 1430 GMT in the first hour of trading. Gainers outnumbered losers by more than three to two
    AFP  -  268 words
  • Article
    Lock icon US jobless rate falls to 5.4pc
    130 1 Reuter THE US civilian unemployment rate fell to 5.4 per cent in April from 5.6 per cent in March, the Labour Department said yesterday. The number of non-farm payroll jobs increased by 174,000 in April after rising a revised 296,000 in March. The department
    Reuter  -  130 words
  • Article
    Won rises to 71-month high against US$
    200 1 THE SOUTH Korean won rose to a 71-month high against the US dollar yesterday. The Bank ot Korea fixed the won at 739.30 won to one US$, compared to 740.20 on Thursday. The won is now at its highest level since June 16,
    200 words
  • Article, Illustration
    Markets take lead from Wall Street
    130 1 LED BY THE sharp overnight fall on Wall Street, the Tokyo and Australian stock markets declined yesterday while the Singapore market was flat. The Singapore market drifted within a narrow margin, with interest focused on City Developments following the company's announcement of a one-for-five
    130 words
  • Article
    SMEs want more help from business associations
    509 1  -  PROPOSALS EXPECTED TO BE SUBMITTED TO GOVERNMENT SOON By CHUANG PECK MING TRADE and business associations can do more to help small and medium enterprises, said participants yesterday at the end of a three-day workshop to map out a development plan for SMEs.
    509 words
  • Article
    Peter Fong to become new SSA registrar
    346 1  -  By ANNA TEO MR LAM PECK HENG. the registrar and executive director of the Singapore Society of Accountants. has resigned from the society and is slated for a diplomatic posting in a Southeast Asian country. Mr Lam tendered his resignation from SSA at
    346 words
  • Article
    SES likely to have second deputy chairman soon
    395 1  -  By CORRINA LIM THE STOCK EXCHANGE of Singapore is expected to have a second deputy chairman soon. At an extraordinary general meeting today, the SES committee will be voting on a resolution to provide for "the appointment of more than one deputy
    395 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      279 1 Nikon rtm MtarM'a Ftmmt Sytfm Full report, Pag* 14 Regional markets, Pag« 16 World marfcata, Paga 17 mm AS SECTIONS OF Western society indulge in a veritable feast of radical nostalgia and recall the student occupations, barricades and solidarity marches of 1968, the lesson for the youth of 1988 is:
      279 words
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      Page 1 Advertisements Column 2
      12 1 BACK PAGE: SMES must b« encouraged, says EDB SMA giving SME« priority
      12 words
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      Page 1 Advertisements Column 3
      137 1 Francis Seow arrested FORMER Solicitor-General Francis Seow was arrested by the Internal Security Department yesterday. A terse one-paragraph statement released by the Home Affairs Ministry last night said Seow, SO, was detained "for purpoeee of investigation into foreign interference in Singapore's internal affairs." A fuller statement is expected soon. See
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      Page 1 Advertisements Column 4
      117 1 Nikon 'Mr Me and my Porsche Page 7 Piriiil Trtvta You don't have to lose your shirt to buy one Being marooned can be a funny affair Page t Let the sun rise on your wrinkles Page 9 York Hotel's servings of glasnost— Page 9 WttfcMi TV TV programmes for
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  • HOME NEWS
    • Article, Illustration
      Primebridge says it has developed smallest special effects video equipment
      516 2  -  By GENEVIEVE CUA A SINGAPORE company has developed special effects equipment for video production which it claims is the smallest in the world. The maker of the system, Primebridge Technology, claims that it is also the world's first modular equipment.
      516 words
    • Article
      HY-Q expanding factory in Singapore
      402 2  -  By SHOEB KAGDA HY-Q International, the Austra-lian-based company which makes quartz crystals for the communications industry, is expanding its plant in Singapore to cope with higher demand. > It will invest $1.5 million in its $10 million factory at Teban Gardens Crescent this year to
      402 words
    • Article
      Indonesians urged to improve links with NICs
      156 2 INDONESIAN businessmen have been urged to improve links with Asia's newly industralising countries (NICs) so they can capitalise on prospects for more preferential exports to the United States Indonesia's Coordinating Minister for Economic. Financial and Industrial Affairs, Radius Prawiro, told businesmen in Jakarta
      156 words
    • Article
      Trial run for new dialysis treatment
      191 2 A PILOT SCHEME, which makes treatment for kidney patients a less fearsome experience, has been introduced at the Toa Payoh dialysis centre run by the National Kidney Foundation of Singapore. Six kidney patients have been selected for the scheme which began on Tuesday. The
      191 words
    • Article
      Parliament
      16 2 PARLIAMENT will sit again on May 18 at 11am, the Clerk of Parliament announced yesterday.
      16 words
    • Article
      SHIPS IN PORT
      1152 2 AT CONVENTIONAL WHARVES KEPPEL WHARVES B#nr i Arrival D*pa«1ui Koto toio K30 alongside 09 05/0600 Koto Wongi K3I alongside 06 05/1600 Pokorti Enom K20 olongside 09 25/0600 Sunrise K34 alongside 0905/2300 Trode Pair K35 olongside 0605/0600 Von Howk K3I alongside 0905/0700 Morroyeverett K27 olongside 0605/0600 Or Iunner
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    • Article
      Three committees to look into welfare of handicapped
      187 2 THE ADVISORY COUNCIL on the Disabled has appointed three committees to look into the general welfare of the handicapped. The three committees are the Committee on Education and Training; Committee on Employment. Accessibility and Transport and the Committee on Community and Residential
      187 words
    • Article
      HDB changes to suit the older
      196 2 THE HOUSING Development Board (HDB) has introduced two changes to its flat designs mainly for the convenience of senior citizens and the handicapped. The new features a lift on every floor and the possibility of creating an extra room in some fourroom Model A
      196 words
    • Article
      Corrections and clarifications
      41 2 IN A May 4 report. Cullinet sets up centre to develop software". BT referred to Mr Tan Chin Nam as the National Computer Board general manager He is. in fact, the chairman We are sorry for the error.
      41 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      67 2 BfllffllH On Wednesday, May 11 Business Times will publish its 11th annual Banking, Finance and Insurance Supplement. This bumper 52-pages supplement will be compulsory reading for anyone in or connected with the financial sector of Singapore. Make sure you get your copy by placing your order now with your vendor
      67 words
    • Advertisement
      Page 2 Advertisements Column 2
      149 2 Welcome to the new comforts of home There are changes in the air at Hotel Equatorial Kuala Lumpur. Most important is the total makeover in our rooms and suites, now in a modem, contemporary style that's charmingly comfortable, m A new refreshing look greets you at our lobby. Plush, inviting
      149 words
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  • OVERSEAS
    • Article
      Lock icon American labour fights trade bill veto
      450 3 NYT ORGANISED LABOUR has chosen New York, California and five other states as the fronts where it will try to persuade senators to override President Reagan's expected veto of the trade bill. The effort, which is only the second advertising campaign on trade issues
      NYT  -  450 words
    • Article, Illustration
      Lock icon Dukakis takes a shot at Bush
      196 3 AP DEMOCRATIC Party presiden-tial-hopeful Michael Dukakis has taken a rhetorical shot at his Republican rival, Vice-President George Bush, blasting the White House s current economic policies and invoking the memory of John Kennedy. Speaking to supporters in* Charleston, West Virginia, on Wednesday, Mr Dukakis
      AP  -  196 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      818 3 ARRIVALS Operator Service Local From number time GU GA960 1100 CGK SIA SQ105 1105 KUL RBA BI421 1130 BWN TMA TL361 1130 BEY/SHJ SU SQ201 1145 CGK GU GA940 1150 MES THAI TG403 1155 BKK SIA SQ191 1155 PEN SU SQ238 1155 MES THAI TG407 1205 BKK/H0Y
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    • Article
      Lock icon Tax receipts run below
      145 3 NYT AMERICAN government tax receipts are running somewhat behind expectations this spring, apparently dashing any remaining hopes for a second straight decline in the budget deficit. An examination of Treasury data shows that US$69 4 billion was deposited in federal tax accounts last month, just 2.6
      NYT  -  145 words
    • Article
      Lock icon Ways to avoid confrontation
      94 3 NYT *A PANEL of American and Soviet public figures issued a report on Thursday suggesting ways to eliminate confrontation in the Third World. But they disagreed at a news conference about their key proposal, a ban on the superpowers use of so-called proxy forces in regional
      NYT  -  94 words
    • Article
      Lock icon Subcommittee okays aid bill
      191 3 AP A US HOUSE subcommittee, with relatively little dispute. approved a US$l3.3-billion foreign aid bill on Thursday for the year beginning Oct 1, largely continuing current programmes. The appropriations foreign operations subcommittee adopted the measure on a voice vote at the end of a closed-door drafting
      AP  -  191 words
    • Article
      Lock icon Moscow wants to work with Airbus group
      154 3 FT THE SOVIET UNION is seeking cooperation with European companies in the Airbus group on jointly developing and producing civil aircraft, according to Mr Viktor Chuyko, the deputy Soviet aviation minister. Interviewed at the Hanover Air Show on Thursday, Mr Chuyko said Moscow
      FT  -  154 words
    • Article, Illustration
      Lock icon Tokyo, Bonn pledge to work closer
      456 3 Focus to be on trade ties between EC, Japan, US AP JAPAN and West Germany have agreed to vtork towards closer economic cooperation and build a stronger trade alliance between the US, Japan and the EC, officials said in Bonn. At a news conference,
      AP  -  456 words
    • Article
      Lock icon Japan protests against EC's anti-dumping duties on typewriters and scales
      213 3 Reuter JAPAN HAS complained to the world trade body, Gatt (General Agreement on Tariffs and Trade), about new anti-dumping duties which the European Community (EC) imposed on its electronic typewriters and scales. Japanese delegates said in Geneva on Thursday. Japanese
      Reuter  -  213 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      47 3 <******55 If 1 The business person's choice, every M\ I 1 Tuesday. Thursdoy, Saturday and >jl %l II m Sunday. Leaving Changi Airport at A 22 05 hours and arriving at Lester tnt<rnartoncrf Airport the following day. Call your Travel Agent or Air Canoda AIR CANADA (3
      47 words
    • Advertisement
      Page 3 Advertisements Column 2
      17 3 ce ■1 t\* .1 w k PARIS Lancel Boutique: 435 Orchard Road, #02-28/31 W ism a Atria.
      17 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      152 3 //"'J* -"'S, Max/ Not* Min (°C) 22/14 Showers 16/11 Cleor 26/11 Cloudy 17/13 Cloudy 33/24 Cloudy —/25 Clear 20/15 Cloudy 24/15 Sunny 23/15 Cloudy 20/08 Clear 23/18 Cloudy una* 26/16 Fin* 20/10 Clear 17/04 Clear 29/15 Clear 10/01 Cloudy 21/12 Cloudy 30/20 Cloudy 17/05 Clear 17/10 Cloudy 32/25 Fine 15/06
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  • MONEY AND EXCHANGES
    • Article
      Comex gold/silver futures
      154 4 Gold futures on May 5 100 troy ounces. USS per troy ounce Open Htflh Low SoWo Moy 445.80 0.60 Jw> 446.80 448.00 445.80 447.00 0.40 Jul 449.20 0.40 Aug 451.00 452.30 450.20 451.50 0.50 Oct 456.70 457.30 455.40 456.30 0.60 Dac 460.50 463.30 460.00 461.30 0.80 F*b
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    • Article
      Asian $
      180 4 Asian us$ OFFER MO 7 days 7 6 7/8 1 month 7 3/16 7 1/16 2 month* 7 5/16 7 3/16 3 months 7 3/8 7 1/4 6 months 7 5/8 7 1/2 9 months 7 7/8 7 3/4 12 months 8 1/16 7 15/16 S Fr DM (Middle prices)
      180 words
    • Article
      Money markets
      60 4 THE OVERNIGHT rate on the Singapore interbank market rose 2% point to end at 4% per cent yesterday. The one-month rose ft point. S$ Interbank "I O J at 12 noon yesterday: OFFER BIO Ovarrogh) 4 1/4 4 1 -month 3 3/8 3 1/4 2-mon* 3 3/8 3
      60 words
    • Article
      Government securities market
      85 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity bid OFFER HIGH LOW 3 months BQ*****H 04.8.88 3.20 3.15 3.16 3.16 6 months 8Y*****H 22.9.88 3.25 3.20 3.15 3.09 1 y*ar BY*****Z 23.3.89 3.35 3.30 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
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    • Article, Illustration
      World interest rates
      181 4 Indicate* the average of the prime lending rates of 12 ma|or bank* in S pore Interbank market rates (offer/bid) on May 6 uss DM SWFC Y#n 7 6 7/8 6 13/16 11/16 3 3/16 3/16 2 1/8—1 7/8 J 9/16 7/16 7 1/1-7 7 7/8 3/4 3
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    • Article
      Forex markets
      1438 4 SINGAPORE: The US dollar closed lower yesterday against major currencies on late selling by European operators after fluctuating narrowly most of the day. dealers said. The dollar ended at 124.60/70 yen compared with an early 124.90/125.00 and New York's 124.85/95 close and at 1.6780/90 marks against 1.6830/40 and
      1,438 words
    • Article
      IMM
      281 4 IMM currency futures, with the exception of the Canadian dollar, on Thursday closed lower and near the lows of the day after declining steadily in light trade during the second half of the session. Dollar shortcovering in the interbank market, linked to position squaring ahead of the release of
      281 words
    • Article
      Simex
      457 4 EURODOLLAR futures opened unchanged yesterday from Chicago's close and traded narrowly as market participants were sidelined ahead of US unemployment figure. Prices were, however, slightly higher than Thursday's level in view of th? Fed's four-day system repurchases which implied that the Fed might not tighten monetary policy. June and
      457 words
    • Article
      Options
      1615 4 CURRENCY FUTURES OPTIONS Frldoy, May 6, 1988 DEUTSCHE MARK (SIMEX) Mey M put* Mt»h Lot M m«h Lot Sea 34 CAi 55 CM 56 CAM 57 282A 277 CAJ 5# 163A 177 CA» 59 63A 77 2 1 t 1 Ml 21 61 CAi 1371 123 62 CAi 21M
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      59 4 REMIX 3 from the Philippines j i 1 .-i-U l V\~" 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, except Sundays. The Lotuf Le Meridien
      59 words
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      Page 4 Advertisements Column 2
      10 4 IB ftXNQUE INtXJSUEZ 3 Shenton Way. Shenton House Singapore 0106
      10 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Indonesia set to get US$1.2b in soft loans
      167 5 AFP THE WORLD BANK plans to pledge US$l.2 billion in new soft loans to Indonesia this year, the institution's vice-president Atilla Karaosmanoblu said. The new loans will be pledged at a meeting of the In-ter-Governmental Group on Indonesia (IGGI) in The Hague
      AFP  -  167 words
    • Article
      Lock icon Bank of NY overcomes Irving's poison pill defence
      566 5 NYT THE Bank of New York Co said on Thursday night that it had reached an agreement with more than two-thirds of the Irving Bank Corp's 15 preferred shareholders to waive a poison pill provision that would prevent the takeover of Irving.
      NYT  -  566 words
    • Article
      Lock icon New Zealand Reserve Bank considers new instrument
      262 5 Reuter A NEW GOVERNMENT security being considered by the New Zealand Reserve Bank is expected to provide long-term relief from volatile interest rates. The catalyst for the security, to be called a Reserve Bank bill if introduced, was recent tax reforms which have
      Reuter  -  262 words
    • Article, Illustration
      Lock icon Bank Negara warns Malaysian banks to cut rates
      365 5 Reuter MALAYSIA'S central bank governor Jaffar Hussein has warned commercial banks to lower lending rates, or the bank will force them to do so. Commercial bank lending rates now average 9.5 per cent and Mr Jaffar said they can be cut further
      Reuter  -  365 words
    • Article
      Lock icon New rules to improve cash flow to Third World
      246 5 AP NEW POLICIES that will delay repayment of principal and change payments of interest will increase the flow of cash to Third World countries by billions of dollars, the World Bank has announced. It said the policies have been approved by
      AP  -  246 words
  • COMMODITIES
    • Article
      Rubber
      169 5 SINGAPORE The market closed firmer yesterday with June 1 RSS buyers quoted at 242.00 cents/kilo, up three cents from Thursday's close. On the TSR-20 market, prices fluctuated within narrow margins. July buyers closed at 222.50 cents/kilo, up one cent from Thursday. MALAYSIA Prices closed higher in dull, listless trading,
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    • Article
      RAS and MRELB
      279 5 RAS prices in S emMg, FOB In bate* NOON CLOSE Buyers Sellers Buyers Sellers bt 1 RSS Prompt 242.50 243.50N 243.50 244.50N bt 1 RSS June 88 241.00 242.00N 242.00 243.00 lot 1 RSS July 242.00 243.00 243.00 244.00 lot 2 RSS OP 239JO 241.50N 240.00 242.00N
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    • Article
      SSR and SMR
      81 5 (cants/kg) JUNE 1988 JULY 1988 (current month) (forward month] NO ON NO ON RAS Buyers Sellers Buyers Sellers SSR 20 226.50 228.50N 226.50 228.50N SSR JO 32*00 227.00N 225.00 227.00N MRELE Seller* Buyers Sellers SMR aiooo 38 2. OON ***** 383.00N SMR L < 4*140 413.00N 412.00
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    • Article
      Oil and Products
      81 5 A REFINERY explosion in the US pushed prices higher on world markets. Closing prices for crude (FOB origin) USS/borr^ Onne* Top* (Moy) 17.15 Manoi (Moy) 1A.lt Dubai (Jwm) 14^5 0.10 wm T»not WTt UMf 17.42 0.24 Now Totk do* prwfcwt doy. Products (FOB S'pore) USS/borrol Okmqo Ktroam
      81 words
    • Article
      London markets
      308 5 London Commodity Exchange Buyer/Seller dosing prices on May 5 (£/tonrw unless specified). Previous dosing prices in parenthesis. Cam— BosH In-store London, MtWri option OF London May 1046/1047 (1025/1028) Ugh/low 1048/1026 M 1069/1070 (1050/1052) High/Low 1070/1050 Salw (4466) Cocoa May 906/908 (912/916) High/Low 916/905 Jul 928/929 (935/937) High/Low 940/923
      308 words
    • Article
      Lock icon Wheat
      178 5 Reuter CBT WHEAT futures closed on or near session lows on Thursday with prices off 4-3/4 to 3-1/2 cents a bushel after being mixed at midday. July closed off 4-1/2 cents at $3.06-1/4 after breaking below support at 3.07-1/2. technical traders said. Traders said prices eased on professional and
      Reuter  -  178 words
    • Article
      Lock icon Palm Oil
      373 5 Bernarna MALAYSIAN crude palm oil futures closed higher in moderately active trading yesterday. May was up by $7 to M 5945 a tonne while June and July increased by $3 and $6 to $917 and $900 respectively. Total turnover was, however, reduced to 696 lots from 833 lots
      Bernarna  -  373 words
    • Article
      Produce Prices
      238 5 Chinese Produce Exchange Sellers' noon dosing prices on May 6 (SS/100 kg) Coconut oil Bulk FOB 107.00 Old drum FOB 117.00 New drum FOB 121.00 Copra Mixed (loose) 61 sellers Pepper Muntok white FOB NIW 1077.50 Sarawak white FOB faq NIW 1062.50 Sarawak special black FOB NLW 650.00
      238 words
    • Article
      Lock icon KL Tin
      112 5 Reuter The Kuala Lumpur Tin Marital prlca gainad two cants yastarday to cloaa at M 517.38 a kg In continual qulat trading ahaad of tha waakand. Total voluma decreased to 76 tonnaa from 86 on Thuraday. Dull and faaturalaaa daallnga continued to prevail on tha futures market which
      Reuter  -  112 words
    • Article
      Precious Metals
      306 5 HONGKONG: The metal closed higher in fairly active trading yesterday. Dealers said sentiment was helped by strong buying interest in silver on the New York market but late profit-taking by local investors halted the rise. The metal ended at U*****.30/80 an ounce against an initial 445.60/446.00 and New
      306 words
    • Article
      Lock icon Soybean
      136 5 Reuter CBT SOYBEAN futures rallied and closed with sharp gams of 4-1/4 to 8-1/4 cents a bushel on Thursday. July settled 4-1/4 cents higher at $6.98-1/2. Prices shot up on active commission house, local and professional buying, traders said. Relatively fewer sellers in the market also aided prices, they
      Reuter  -  136 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      42 5 Doonesbury J CANT B6- IFBeLTHE ueve hcxaj sAMeMt,*m.. Gooprrtsw luhata&wb j see vou again, 601N6TDP0 1 NICOte... AdOUTfT? >rr^ ±Wi sz PO WHAT WOULD YOU ABOUT THINK OF SPBNPrrf IN6 A cueet&4D TO6BTHBR7 ws BY GARRY TRUDEAU UH-HUH. SH&S MATCHING US.ISNTT sne?
      42 words
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  • PERSPECTIVE
    • Article
      The echo of shattered dreams
      580 6 ANNIVERSARIES are not merely a time of stocktaking; they can be a way of doing business while stock-taking. Memories of the occupations, barricades and solidarity marches that give 1968 its mythic permanence continue to provide sections of Western society with the business it needs to
      580 words
    • Article, Illustration
      Lock icon Never, never on a Sunday
      1497 6  -  A courtroom battle is on between IBM and the powerful German metalworkers' union over the computer company's right to produce chips on Sunday. The issue of workers' rights is controversial and has aroused heated debate among labour, church officials and business leaders in West Germany.
      IHT  -  1,497 words
    • Article
      Raising skills of construction industry
      235 6 Letters to the Editor Dear Sir We refer to your editorial. 'Long Overdue HOB Move on April 28, 1988, in Business Times on the use of trained workers for HDB projects. The article mentioned that 'HOB has taken the lead to raise standards in the
      235 words
    • Article
      Stock prices on SBC Text
      81 6  -  D W Distant Dear Sir Now that SIA and Singapore Press Holdings have separate stock prices for local and foreign registrations, investors would expect the quotes to be found adjacent to each other on SBC Text. That s true for SIA but in the case
      81 words
  • Page 6 Advertisements
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      756 6 mmiMm mmmm) CRYPTIC PUZZLE ACROSS 9 In which the makers of new things are listed? (9) 10 A poignant feeling (8) 12 A piece of paper, or cutting (4) 13 He turned Ann Hathaway's head (6) 14 It's wrong to capture soldiers and torture them (7) 15 The fool tore
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      321 7 IN ITALY, veal may not be the meat of a calf and goose is something else altogether, journalists covering the Prime Minister's recent visit discovered. After asking the waiter in an Italian restaurant if Lasagna and various other dishes contained pork, one Muslim journalist half-decided to
      321 words
    • Article, Illustration
      You don't have to lose your shirt to buy one
      762 7  -  KvV r v With MARTIN SOONG ENVY and a covetous nature make a man do strange things. Like pay $80 for a shirt I can buy for $11. I'll tell you where, later. For some men, only clothes with designer
      762 words
    • Article, Illustration
      Me and my Porsche
      1273 7  -  By CHARLES SAVAGE INSCRUTABLE Middle Eastern arms tycoons regularly trade guns for butter. But Brian Whillock, an expatriate commodities broker in Singapore, prefers to trade peanuts for Porsches. By wheeling and dealing in peanuts and a plethora of other less recognisable commodities. Whillock has racked up
      1,273 words
    • Executive Lifesyle: Entertainment & Pursuits
      • Article, Illustration
        Being marooned can be a funny affair
        588 8  -  THEATRE By JAIME LYE IT'S BAD enough that your wife is having an affair with your best friend. It's worse when the three of you are marooned together on a deserted island after a shipwreck. In evening dress, no less; But it's devastating
        588 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        Let the sun rise on your wrinkles
        828 9  -  HEALTH By RICHARD SEAH IF YOUR SKIN wrinkles or breaks out in pimples, don't blame the sun. Those who have been snapping up the supposedly miraculous skin cream Retin-A are doing just that. The cream has been claimed to retard the process of
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      • Article, Illustration
        Lock icon Hearty, heavy and earthy offering from Russia
        556 9 FOOD By FOOD TEAM RUSSIAN BEER, kvas, is a potent brew made from a fermented mixture of ingredients such as traditional black bread, yeast and honey. That same brew was described by someone at the table as resembling a batch of sour plum
        Pictures by ARTHUR LEE  -  556 words
      • Article, Illustration
        Don't just stare, listen to the Aphrodites
        609 9  -  NIGHTSPOTS By WALTON MORAIS THE BAND leader smiled at the question. Obviously, she was ready for it. Why. she was asked, did the Aphrodites decide to be an all-woman group. "It's unique. Seldom do you really see an all-woman band," came Ruby Raquel's
        609 words
      • Article, Illustration
        Well-shod for that certain world
        674 11  -  FASHION By GENEVIEVE CUA HERE'S one more for the Yuppie market that was the first thought that flashed through my mind when the advertising tagline "A certain world" for Rossetti shoes was explained to me. Yet not once was the word "yuppie" mentioned by Diego
        674 words
      • Article, Illustration
        We love you, Mom, no strings attached
        598 11  -  MOTHER'S DAY By JAIME LYE MOTHER. What an interesting, versatile word. On the one hand, it could be used to describe the woman who gave you life and spends the rest of it colour-coding your underwear; on the other, it's a colourful expression
        598 words
      • Article, Illustration
        Another option for quiet elegant taste
        251 11  -  FASHION By JAFRI MOHAMED WITH THE OPENING of the Jaeger boutique at the Hilton Hotel Shopping Gallery, the working woman has yet another option in up-market wear. The boutique is a reflection of the Jaeger style quiet tasteful elegance in black, white and grey.
        251 words
      • Article
        BILLBOARD
        638 11  -  Compiled by Sakina Dhilawala 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. Lest Emperor starring John Lone. Joan Chen and Peter O'Toole. Showing at Lido 112.15; 5.30; 8.45. Moonstruck starring Cher, Olympia Dukakis. Showing at Orchard:
        638 words
      • Article, Illustration
        Panthere comes prepared for the kill
        304 11 JEWELLERY THE FELINE grace of a panther inspired world-famous jeweller Cartier to sculpt the animal in gold and platinum, diamonds and sapphires. From there it was a short leap to the creation of a perfume. The perfume Panthere de Cartier will be launched in
        304 words
    • Executive Lifestyle: Entertainment & the Arts
      • Article, Illustration
        Crooning and cruising along with Julio
        663 10  -  MUSIC By JAIME LYE IF JULIO IGLESIAS ever needed to switch careers, he might want to consider selling used cars. The man is so smooth you'd probably pay him to sell you one. His voice drips with enough honey to put you into a
        663 words
    • Executive Lifestyle: Sports
      • Article
        Favourites make their moves
        643 12  -  on TMCK With JEROME FANDOR AS THE TRAINERS start the sweep into the home turn of this racing year, the favourites are starting to make their moves. Malcolm Thwaites leads from Teh Choon Beng with Charles Read running up third. Thwaites completed his expected treble last
        643 words
      • Article, Illustration
        Lock icon Winning Colors should shine
        503 12 UPI THE BEST of the Kentucky Derby colts likely will let the lady go first today, and chivalry will have nothing to do with it. Rather, it was the luck of Thursday's draw for post positions that gave the speedy filly Winning Colors a clear shot
        UPI  -  503 words
      • Article, Illustration
        Lock icon High winds suspend play at Las Vegas Invitational
        260 12 GOLF Reuter HIGH WINDS forced suspension of second round play on Thursday in the US$l.4 million Las Vegas Invitational with nearly half the field remaining on the three courses used in this event. American Bob Lohr, who has not won a Tour
        Reuter  -  260 words
      • Article
        Lock icon Ryder Cup stars take a first-hurdle tumble
        215 12 AP FOUR MEMBERS of Europe s triumphant Ryder Cup golf team, Spaniards Jose Maria Olazabal and Jose Rivero, Sam Torrance of Scotland and Irishman Eamon Darcy, tumbled at the first hurdle in the £275,000 Epson Grand Prix of Europe matchplay tournament on Thursday.
        AP  -  215 words
      • Article
        The vertical assault is on
        311 12  -  MARATHON By CLAIRE LEOW KENNETH KENG, who got his name in the Guinness Book of Records last year, will try to beat his own record as he scales the 73 storeys of Westin Stamford tomorrow in the second vertical marathon at the world's highest hotel.
        311 words
      • Article
        Davis Cup hopes will depend on today's doubles
        500 12  -  TENNIS By WALTON MORAIS SINGAPORE'S Davis Cup hopes rest on today's doubles after national champion Liu Wai Yaw and Melwyn Pereira dropped the opening singles matches of the Asia-Oceania Group II semi-final clash with Hongkong at the colony's Jubilee Sports Centre yesterday.
        500 words
      • Article, Illustration
        Lock icon Edberg, Gomez make it despite the rain
        441 12 AP TOP-SEEDED Stefan Edberg and No 2 Andres Gomez moved into the quarter-finals of the Tournament of Champions at the West Side Tennis Club in New York on Thursday. Edberg beat No 16 Thomas Muster of Austria 6-4, 6-3 while Gomez downed No
        AP  -  441 words
      • Article, Illustration
        A doubler's intractable difficulties
        547 12  -  Bridge By Mike Thumbs LAST WEEK we discussed the problems faced by the responder to the takeout doubles We tried to show that the over-bidding is usually done, not by the responder, but by the doubler. This week we want to examine the intractable problems that
        547 words
      • Article
        Lock icon San Diego will fight New Zealand on yacht design
        360 12 YACHTING Reuter THE DEFENDERS of the yacht club and their attorneys have met to review a 56-page document filed by the Mercury Bay Boating Club in the New York Supreme Court. "Sail America Foundation officials and their attorneys were meeting today
        Reuter  -  360 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Lock icon A crisp case of no gain without movement
        554 13 CURRENCIES IHT MONEY IS MADE when markets move. Nowhere was that truism more evident than in the currency markets in the first three months of the year. The Big Three the US dollar, the Japanese yen and the West German mark ended
        IHT  -  554 words
      • Article
        Lock icon Andy Warhol sale brings in US$25.3 million
        479 13 ART TRADE Sotheby's Research Department PERHAPS THE most interesting feature of last week was the conclusion of the 10-day sale of the Andy Warhol collection. The 17 Warhol sessions that offered nearly 3,500 lots realised a total of U5525.3 million, 2.5 times the
        Sotheby's Research Department  -  479 words
      • Article, Illustration
        Lock icon Gold ready to soar, says specialist
        585 13  -  PRECIOUS METALS By RAMESH CHANDIRAMANI IS GOLD READY to stage another big bull move? Yes. says a metals specialist, who cites rising inflationary worries, nervousness and uncertainty in the financial markets and increasing institutional and private investor demand as positive factors. "The next tidal
        Source: CSFS  -  585 words
      • Article
        Asian airlines expected to reach new altitudes
        697 13  -  STOCKS mm -by *C RARELY HAVE all the fundamentals looked so good for the airline industry. Traffic is strong, fuel prices look stable, and fares have been going up by modest amounts in major market sectors. Yet, investors seem cautious about an industry
        697 words
      • Article, Illustration
        Lock icon KFC and Parkway set to bounce back
        328 13  -  ®0P? PfpQtf by RC FOREIGN INVESTORS, many of whom left the local market in a hurry after the crash last October, are slowly starting to rebuild their portfolios again. This trend became apparent when the local market stubbornly refused to weaken in the
        Source: Investamatic  -  328 words
  • Page 7 Advertisements
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      Page 8 Advertisements Column 1
      306 8 4 COURyoiSIERXQ-Where to eat, drink... May 8. An occasion to i remember the greatest VJy bveofall- WVr mother's love 5 A day to salute mother. Bring —J X her to Royal VVV> Holiday Inn vV tk be assured she'll Aiawe a mos/ > memorable day v jjj Jj/' Special cocktail
      306 words
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      Page 8 Advertisements Column 2
      263 8 MOTHER'S DAY "Hello Mum? Is that you? I just called to say Happy Mother's Day. And to tell you that I love you. I love you very much." MOTHER'S DAY SPECIALS, only for special mums, doesn't every one have one? At MING COURT, Bth May. At DondangSavang: y lainancse delicacies
      263 words
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      Page 8 Advertisements Column 3
      191 8 SSMS Spoil the most important woman in your life BRUNCH BUFFET WITH ROAST BEEF ON THE WAGON $25' ADULT. Si 8* CHILDREN mililllllllllllllll INTERNATIONAL BUFFET \MTH ROAST BEEF PLUM'S ON THE WAGON lIIIIIIIIHIIIIIIIItII $20- ADULT. $16* CHILDREN Roses and fragrances from Ralph Lauren w* be g*en to at maimers who
      191 words
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      Page 8 Advertisements Column 4
      277 8 SUNDAY FAMILY LUNCH 5 -V r A r <re»- Bring the family for a fabulous meal of fresh seafood and Chinese dishes from our a la cane menu At a generous 25% off the bill. But only on Sundays between 11.30 am and 2.30pm. And for a limited period. f\C
      277 words
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      Page 8 Advertisements Column 5
      268 8 MANDARIN BALLROOM Gala Buffet 12 noon 2.30 p Adult: $39.30 nett Child: $21.00 nett Over 50 local and western favourites including fresh prawn pyramid, oysters on ice, US rib of beef, satay and more! Youll also be treated to H colourful entertainment and a Lucky Draw for a pair of
      268 words
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      Page 9 Advertisements Column 1
      358 9 and entertain 4 (Stall V 4 4 n Sunday Brunch: A great family outing It's a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings,
      358 words
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      Page 9 Advertisements Column 2
      222 9 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANCTTHER IS THE CHOICE OF MAIN COURSES. For between $26+ and $40+ you can select from our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And finish with mouthwatering desserts.
      222 words
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      1753 10 SLOTS TO WATCH Pravda and the return of Yes, Prime Minister Two small-time Chicago conmen try to put The Sting on a bigwig from New York after he has one of their pals killed. Paul Newman and Robert Redford team up in this long but entertaining film which won a
      1,753 words
    • Miscellaneous
      Page 10 Miscellaneous Column 2
      1025 10 BBC 88.8 mHz in VHF Band II 6AM World News 6.09 The World Today. 6.25 A Letter from Northern Ireland 6.30 Financial News 6.40 Reflections 6.45 Sports Roundup. 7.00 World News 7.09 Commentary 7.15 From the Weeklies 7.30 Multitrack 3. 8.00 World News 8.09 News about Britain. 8.15 Radio Newsreel
      1,025 words
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      Page 11 Advertisements Column 1
      263 11 Do you have the stomach for a healthy investment? Most executives are very good about taking care of their investments. Of the financial kind that is. But when it comes to their health, they fall short. Let's face it. When was the last time you really took care of your
      263 words
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      Page 13 Advertisements Column 1
      28 13 BT welcomes investment ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.
      28 words
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      Page 13 Advertisements Column 2
      58 13 SOTHEBY'S FOUNDED 1744 Fine Modern Chinese Paintings 19th May 1988 Hong Kong f A v f. C Shi-Lu (1919-1982) "Old Man and Donkey" Hanging scroll ink and colour on paper 94 by 80cm HK$l5O,OOO-200,000 For Enquiries Contact SOTHEBY'S Singapore Branch 581 Orchard Road #02-15, Hilton Hotel, Singapore 0923. Telex: RS
      58 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Property stocks stay in the limelight
      4865 14 DESPITE a weaker Wall Street and Tokyo, the Singapore stock market closed with a steady undertone. Activity was focused on property counters. For the past week, market interest had been concentrated on property stocks. There was also a slight spillover effect from the cash
      4,865 words
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  • COMPANY NEWS
    • Article
      Lock icon HK says 'no' to listing of Genting International
      534 15 NST GENTING International Ltd's long-awaited dream of getting its shares listed on the Hongkong Stock Exchange has been dashed the Hongkong authorities have rejected its application. Chairman Tan Sri Lim Goh Tong disclosed that GIL received the objection from the Commissioner for
      NST  -  534 words
    • Article
      Lock icon How Roxy's losses came about
      285 15 MBT ROXY Electric Industries (Malayhefty M 567.7 million extraordinary losses were due to a writedown in the value of its investment in shares for long-term purposes and in the value of the On-Tai Developments condominium project. Though the exact breakdown of the losses is not
      MBT  -  285 words
    • Article
      Inchcape Bhd's chief to sit on London board
      93 15 INCHCAPE PLC has appointed Singapore-based chief executive of Inchcape Bhd, Mr David John, as a director of the parent company in London. In announcing the appointment, Inchcape PLC chairman and chief executive George Turnbull said the appointment reinforces the development of the
      93 words
    • Article
      Cold Storage in contract-catering venture with Gardner Merchant
      203 15 COLD STORAGE Holdings PLC has gone into partnership with Gardner Merchant Ltd to develop a contract-catering business in Singapore and regional markets. It had decided to go ahead with the joint venture early last year and the company, Cold Storage Catering Services
      203 words
    • Article, Illustration
      Takeover speculation featured in quiet April
      609 15  -  THE MONTH THAT WAS By MAGDALENE NG ALTHOUGH TRADING was generally quiet in April, activity was spurred partly by speculation on potential takeover targets. One speculation finally materialised when Hongkong's Wharf Group made a general offer for the shares and transferable subscription rights in
      609 words
    • Article
      UOF to issue one-for-one rights at $1.20 a share
      510 15  -  Industrial and Commercial Finance to be acquired By ROSIE TAN UNITED OVERSEAS FINANCE Ltd has announced a one-for-one rights issue at $1.20 per share and the acquisition of the entire issued share capital of Industrial and Commercial Finance Ltd (ICF) for
      510 words
    • Article
      Lion-Nathan merger meeting deficient, NZ court rules
      231 15 NEW ZEALAND High Court judge Mr Justice Barker ruled yesterday that the March 8 meeting approving the Lion-Nathan merger was deficient because it did not provide sufficient information to Lion shareholders. In his judgment on the controversial merger between brewer Lion Corporation and
      231 words
    • Article
      C & C turns in 39pc higher profit
      249 15 C C turns in 39pc higher profit CYCLE CARRIAGE Ltd (CCL) increased its group after-tax profit by 39 per cent to $9.01 million for the six months to March 31. 1988. due mainly to higher vehicle sales in Singapore. In the unaudited interim results of CCL. local vehicle sales of
      249 words
    • Article
      Pao buys more M Polo shares
      194 15 HONGKONG magnate Sir Yue-Kong Pao continued to pick up more shares in Hotel Marco Polo from the market yesterday. By buying another 926.400 shares below the offer price of $1.20 yesterday. the shipping magnate has now garnered a total of 70.96 million shares, or
      194 words
    • Article
      RESULTS DUE
      218 15 LAST FULL YEAR Company Period Date Year Net EPS Gross Net announced •nding (cents) dhr profit last year ($•000) Utd Plantations Final Mar 16 Dec 87 6 1(a) 2 5TE (a) 9.105 Metroplex Final Mar 27 Dec 87 4 1 60 8.129 Paramount Final Mor 27 Dec 87
      218 words
    • Article
      RESULTS OVERDUE
      156 15 LAST FULL YEAR Company Period Date Yeor Net EPS Gross Net announced ending (cents) dW profit lost yeor (S-000) Minebea Interim Jul 21 Sep 87 169 230 2.907(g) Duta Com Final Aug 28 Dec 86 4.8481 Fed Cobles Final Sep 12 Jun 87 6.1751 (i) lot Wood Interim
      156 words
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      Page 15 Advertisements Column 1
      189 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MEKTOUBLAND MARINE (S) PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50. that the Final Meeting of the abovenamed company will be held at 20 Maxwell
      189 words
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      Page 15 Advertisements Column 2
      289 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UCHOON ENGINEERING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 5001 Beach Road 06-23, Golden Mile Complex, Singapore on the 4th day of May 1988,
      289 words
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      Page 15 Advertisements Column 3
      436 15 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND OUALIBUILT PTE LTD (Incorporated in the Republic of Singapore) At an Extraordinary General Meeting Of members of OUALIBUILT PTE LTD duly convened and held at 73 Bukit Timah Road #02-01/02 Tong Nam Bldg. Singapore 0922 on the 6th May 1988
      436 words
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      Page 15 Advertisements Column 4
      347 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ANG WOO LiONG HOLDINGS PTE LTD (Incorporated in Singapore) At an Extraordinary General Meeting of the members of ANG WOO LIONG HOLDINGS PTE LTD duly convened and held at 101 Upper Cross Street #06-10. People's Park
      347 words
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      Page 15 Advertisements Column 5
      357 15 JOO FOON SONS (PRIVATE) LIMITED (Members' Voluntary Winding-Up) NOTICEOF FINAL MEETING NOTICE is hereby given pursuant to Section 308(1) of the Companies Act. Cap. 50, that a General Meeting of the Company will be held at 101 Upper Cross Street, #04-43 People's Park Centre, Singapore 0105 on 7th June 1988
      357 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Guinness Peat gives up demerger plans
      579 16 Move prompted by withdrawal of tax clearance FT GUINNESS PEAT GROUP (GPG), the London-based financial services group, has been forced to abandon plans for a demerger after being told by the Inland Revenue that it would no longer qualify for tax clearance. The Inland
      FT  -  579 words
    • Article
      Lock icon BP drops plans for stake in refinery
      101 16 Opecna BRITISH PETROLEUM (BP) has dropped plans to acquire a 40 per cent interest in a new US$52O million refinery now being built near South Korean capital Seoul by the Kekdong Oil Company. The decision to pull out was taken following the company's
      Opecna  -  101 words
    • Article
      Lock icon BOC selling plant
      38 16 Reuter UNITED KINGDOM firm BOC Group Pic has signed an agreement with Showa Denko KK of Japan for the latter to buy its carbon electrode plant at Ridgeville. Carolina for US$7O million in cash. Reuter
      Reuter  -  38 words
    • Article
      Kuala Lumpur prices close easier
      2985 16 EXCEPT for a handful of double-digit gainers, the Kuala Lumpur stock market finished broadly easier in featureless trading. Share prices started out around overnight levels but thereafter drifted lower in the absence of fresh factors. Brokers said operators generally felt cautious, made worse by the
      2,985 words
    • Article
      Lock icon Stocks close lower
      1518 16 Hongkong Reuter HONGKONG share prices finished an active but volatile session yesterday marginally lower as buying interest was not sustained. brokers said. The Hang Seng Index ended the day 6.18 points lower at 2.571.74 after losing about one per cent initially to just below 2.500. The Hong
      Reuter  -  1,518 words
    • Article
      Seoul
      133 16 MAY M WON Kai 23UUU -100 Kangwon Ind ***** unch Kia Motor ***** ■►100 Cheil Sugar ***** unch Koton Ind ***** 1300 Oap it Ind ***** -800 Korea Long Term ***** -300 Daewoo Corp ***** -600 Lucky Ltd ***** ♦200 Daewoo Heavy ***** 100 Oriental Brewery ***** -100 Daishm
      133 words
    • Article
      Lock icon Tokyo
      520 16 Reuter TOKYO share prices closed down yesterday following Wall Street's decline overnight and due to an absence ot fresh positive factors, with investors cautious as to the economic state of affairs overseas, brokers said. "There is some speculation that the US discount rate will go up." said a broker.
      Reuter  -  520 words
    • Article
      Lock icon Sydney
      449 16 Reuter THE AUSTRALIAN share market yesterday staged a mild recovery, but closed easier in most sectors. Brokers said the market had outperformed earlier expectations. "There wasn't much bargain-hunting in the afternoon,'' one broker said. "It was more a case of a few people covering their short positions before the
      Reuter  -  449 words
    • Article
      Lock icon Bangkok
      160 16 Reuter THE SECURITIES Exchange of Thailand Index rose 1.73 to 418.93 on a turnover of 5,049,657 shares worth 706.25 million baht. Reuter MAY 06 B AHT Ao Kham Thai 302 26 Ayudhya Investment Bangkok Agro-lnd 139 -1 Bangkok Bank 392 67 Bank Of Ayudhya 350 2 Charoong Thai Wire
      Reuter  -  160 words
    • Article
      Taipei
      290 16 MAY Ot MT t Kolin 48 50 1.4 Kuochan Oev 64 50 15 Lee Chang Yuen All Sincere Irtdu* Chem Indus 62 00 15 Asia Cement 84 50 05 Lien Hwa Indus 74 50 2 5 Cathay Cons 101 00 2 5 Nan Ya Plas 79 00 2 Chang
      290 words
    • Article
      Manila
      78 16 MAY M PESOS Marsteei Oriental B 0 045 -0 00 Phil Overseas 0 035 Anglo Phil ***** -0 0015 040 Apex Mining B 0 031 23 0 001 Picop B PLOT 184 -6 San Miguel B 182 0 018 unch Sea front 0 021 Benguet Con B SS unch
      78 words
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      123 16 *> 1/ l i r Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, you need to be kept well informed to maximise returns on your money. In the same way a surgeon needs his tools to operate, he needs Business Times to help him make sound investments.
      123 words
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  • WORLD MARKETS
    • Article
      Lock icon Dow falls for second day in a row
      1001 17 New York Reuter STOCKS closed broadly lower in moderate trading on Thursday for the second day in a row. Traders said investors were anxiously awaiting yesterday s news on April employment, a government report that is expected to feed concern that inflation
      Reuter  -  1,001 words
    • Article
      Lock icon Equities open higher
      991 17 London Reuter LONDON shares were marked higher where changed as trading got off to a slow start yesterday, dealers said. The relatively small retreats on Wall Street and Tokyo were largely ignored by market makers. "We're really going to be looking out for the US (April) unemployment
      Reuter  -  991 words
    • Article
      Untitled
      1280 17 Selected indices HONGKONG Hongkong Index Friday 1.700 65 Thursday 1.704 47 Week ago 1.715.73 Hang Seng Index Friday 2.***** Thursday 2.***** Week ogo 2.***** All Industrials Friday 2.303 3 Thursday 2.309 7 Week ogo 2.344 3 NEW YORK Dow Jones Thursday 2.***** Wednesday 2.036 31 Week ogo 2.041 28 TOKYO
      1,280 words
    • Article
      Lock icon Dow has 4-5pc of Montedison
      81 17 FT DOW CHEMICAL of the US said on Thursday that it had bought 4 to 5 per cent of Montedison of Italy and may increase its holding in an attempt to become a significant force in a restructured Italian chemicals industry Dow. which surprised the
      FT  -  81 words
    • Article
      Lock icon Kraft sells Duracell Battery for US$1.8b
      260 17 NYT RETURNING to its origins as a food company. Kraft Inc said in Chicago on Thursday that it had agreed to sell its Duracell Battery business for US$l.B billion in cash to an investment group led by Kohlberg, Kravis, Roberts Co. Kraft, the giant
      NYT  -  260 words
    • Article
      Lock icon Brady group criticises lack of action on market
      579 17 NYT THE TASK FORCE appointed by President Reagan to study last October's stockmarket crash issued a strong letter on Thursday criticising the lack of progress on legislation to correct what it sees as serious flaws in the market system. But the letter
      NYT  -  579 words
    • Article
      Lock icon Program trading deters investors, US congressional hearing told
      121 17 Reuter COMPUTER TRADING is hurting investor confidence in the US stock market, a group of brokers told a US congressional hearing in Washington. They said on Thursday that sharp, sudden drops in stockmarket prices, led by the 508point decline last Oct 19.
      Reuter  -  121 words
    • Article
      Business done on the SES
      3489 17 BID and offer price* officially listed and business in and reported to me 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".
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    • Article
      COMPANY MEETINGS
      107 17 MALAYAN CEMENT Berhad: 38th AGM at 10th Floor, Wisma Oamansara. Jalan Semantan, Oamansara Heights. Kuala Lumpur on Monday. May 9. at noon. TRONOH MINES MALAYSIA Berhad: 12th AGM at the PNB Theatrette, 2nd Floor, Menara PNB, 201 A, Jalan Tun Razak, ***** Kuala Lumpur on Monday, May 9,
      107 words
    • Article
      Unit trusts
      320 17 rv\unuyrrj prttes V#/ for May 7 9 SinaaDore Unit T rust Th« Co« wee 0 '6 102 Th. Soyk ng< fund 0 61 087 S'por* Pi S port Si S'por* In S'por* E< Mot lnv«( Mo' Prog Mo' S#Cu og Fund 0 K Fund 0 vest Fund 0
      320 words
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  • Article
    Hint of more tax breaks for financial institutions
    611 18  -  Pillay urges merchant banks to play wider role By SOH TIANG KENG Financial Correspondent THE GOVERNMENT may give more tax concessions to merchant banks and other financial institutions as part of its strategy to boost Singapore's position as a money centre. This
    611 words
  • Article
    Small and medium enterprises must be encouraged, says EDB
    308 18 SINGAPORE is entering the Era of the Entrepreneurs. At this critical stage, small and mediumsized enterprises (SMEs) must be encouraged and assisted if Singapore is to become a developed country in the *****. Mr Tan Chin Nam. general manager of the
    308 words
  • Article
    SMA giving SMEs priority
    280 18 THE SINGAPORE Manufacturers' Association (SMA) yesterday released details of its plans to develop and upgrade small and medium enterprises. This was in response to remarks made during a three-day SME development workshop that business and trade associations have not played their role in helping small and
    280 words
  • Article
    Lock icon Record turnover at Canton trade fair
    228 18 Reuter CHINA'S efforts to restructure its state enterprises contributed to record turnover at the twice yearly trade fair which ended on Thursday in Canton. Trade sources said Beijing s new policy requiring every enterprise to account for its profit or loss also raised sales
    Reuter  -  228 words
  • Article
    Bank closes
    46 18 MIDLAND Bank PLC has surrendered its licence, according to the government gazette published yesterday. In January. Mr Laurie Magnus, Midland Bank's group country manager in Singapore, had stated that the bank intended to cease its operations in the Republic by the end of March.
    46 words
  • Article
    Land acquired
    65 18 SEVERAL pieces of land in Lim Chu Kang have been acquired by the government. The latest issue of the government gazette stated that the pieces of land, totalling about 340,000 square metres, were acquired under section 5 of the Land Acquisition Act. A plan of the land may
    65 words
  • Article, Illustration
    Set new targets, Teng Cheong urges marine industry
    427 18 THE MARINE INDUSTRY should initiate new direction and set new targets in order to continue to play a significant role in Singapore's economic development. This call was made by Mr Ong Teng Cheong, the Second Deputy Prime Minister, when he spoke last
    427 words
  • Article
    Lock icon Tokyo pledges to help boost confidence of financial markets
    269 18 Reuter JAPAN WILL TAKE initiatives at the forthcoming summit of the Group of Seven in Toronto to tackle the world debt problem more effectively and boost the confidence of financial markets. Japan's Foreign Minister said yesterday. Mr Sosuke Uno said after
    Reuter  -  269 words
  • Article
    Lock icon OECD sees need for talks with NICs
    141 18 AFP MEMBER COUNTRIES of the Organisation for Economic Cooperation and Development recognise the need for "consultations" with Asia's "four dragons", OECD secretary-gen-eral Jean-Claude Paye said. But he said in Paris on Thursday the 24 OECD states still did not know how best to
    AFP  -  141 words
  • Article
    Lock icon Seoul to lift ban on four farm products
    137 18 Reuter SOUTH KOREA will lift import bans on four agricultural products and cut prices of imported cigarettes by nearly 50 per cent to avoid trade retaliation from the United States, Seoul officials said. The Seoul government will also lower the tariff on
    Reuter  -  137 words
  • Article
    Lawyer Francis Seow arrested under Internal Security Act
    521 18  -  By MARTIN SOONG FRANCIS SEOW, the lawyer accused by the government nine days ago of waging a covert political campaign to abolish the Internal Security Act, was arrested yesterday under the same piece of legislation. Seow, a former Solicitor General and past
    521 words
  • Article
    Lock icon Comex silver
    81 18 Reuter COMEX silver futures rebounded to unchanged yesterday on small short-covering after losing ground on news of the smaller than expected increase in US non-farm jobs in April. In a nervous market, July held at last night's close of U556.44 an ounce after a low of US$6.3B. Analysts
    Reuter  -  81 words
  • LATE FILE
    • Article
      Lock icon UK budget rebate row hurting EC
      39 18 Reuter A DISPUTE over Britain's budget rebate is dogging the European Community's finances although members have agreed on spending plans for 1988. The European Parliament will vote on the budget later this month.
      Reuter  -  39 words
    • Article
      Lock icon Italy's borrowing requirement
      34 18 Reuter ITALY'S state borrowing requirement widened to a provisional 26,032 billion lire in the first quarter of 1988 from 25,362 billion in the corresponding period of 1987, the Italian Treasury said.
      Reuter  -  34 words
    • Article
      Lock icon Yugoslav price reforms painful
      58 18 Reuter YUGOSLAVIA'S Finance Minister Svetozar Rikanovic predicted painful times ahead for Yugoslavs after prices are freed on May 15. and people are buying all they can in anticipation of a big price explosion. "The package will be painful to many but we must implement it consistently
      Reuter  -  58 words
    • Article
      Lock icon China lifts price controls
      57 18 Reuter CHINA has removed price controls on four major food items in a bid to enid shortages and reduce huge subsidies it can no longer afford. The People's Daily said China will lift controls on vegetables, pork, eggs and sugar nationwide, though local governments can decide
      Reuter  -  57 words
    • Article
      Lock icon Taiwan DPp plans China visit
      39 18 Reuter MEMBERS of Taiwan's main opposition party, the Democratic Progressive Party, are planning a trip to China to challenge official policy towards Beijing and Min firsthand knowledge of the country, a party spokesman said.
      Reuter  -  39 words
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