The Business Times, 18 June 1988

Microfilm: NL16204
Total Pages: 18
1 18 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, June 18-19 1988 75 CENTS
    12 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    267 1 AP Dow Jones higher NEW YORK stocks moved higher early yesterday in heavy trsding sfter tumbling in the previous session on fears of higher interest rates. The Dow Jones Industrial Average, which slipped 37 points on Thursday, was up 6.93 points at 2,101.17 in the first half
    AP  -  267 words
  • Article
    Lock icon Japanese grab lion's share of US patents
    127 1 AFP JAPANESE companies received the highest number of US patents granted in 1987, according to Intellectual Property Owners Inc, which represents patent and trademark holders. Topping the list with 847 patents was camera maker Canon followed by electronics companies Hitachi with 845 patents
    AFP  -  127 words
  • Article, Illustration
    Singapore stands up to the pressure
    214 1 SHARE PRICES on the Wnpapors stock exchange took their cues from Tokyo's strength and remained resilient, despite a 37.16 drop on Wall Street the previous day following anxieties over future movements of US interest rates. The Straits Times Industrial Index lost only 1.19 points
    214 words
  • Article
    Task force formed to tackle job-hopping
    547 1  -  National strategies to be ready by September By JOHN TAN A WORSENING job-hopping situation has prompted the National Productivity Board to form a task force to study and recommend measures to overcome the problem. Job hopping, cited as "a major factor impeding productivity" at
    547 words
  • Article
    Lock icon Call to refer Tun Salleh affair to rulers
    358 1 Bernama THE Malaysian Bar Council yesterday called on the government to refer the suspension of Lord President Tun Mohamed Salleh Abas to the Conference of Rulers. Bar Council vice-chairman S Theivanthiran, in a statement released in Kuala Lumpur after a two-hour meeting,
    Bernama  -  358 words
  • Article
    Australian dollar soars on news of higher prime
    139 1 THE AUSTRALIAN DOLLAR soared in Asia's foreign exchange markets yesterday following news that the National Australia Bank had announced that it would be raising its prime lending rate from 14.75 per cent to 15 per cent on Monday. In Tokyo, the US
    139 words
  • Article
    Builders pre-qualify for Cheng Hong job
    251 1  -  By ANNA TEO ABOUT 10 contractors have been pre-qualified for the Cheng Hong Mansion repair job. They have up to next week to submit tenders for reinforcing the structure of the four-block condominium off Jalan Daud. BT understands that eight or nine specialist contractors
    251 words
  • Article
    Lock icon Dr Mahathir loses bid to make Review disclose news source
    237 1 AFP THE MALAYSIAN Hiflh Court yesterday dismissed with costs an application by Prime Minister Mahathir Mohamad for an order requiring the Hongkong-based Far Eastern Economic Review to disclose its source for a news story. Judge Ajaib Singh said Dr Mahathir
    AFP  -  237 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      276 1 Nikon Full report, PAGE 14 Regional markate, PAGE 19 World imrktto, PAGE 17 Mora reports, PAGE 4 WHAT BRINGS TOGETHER Singapore men increasingly interested in cosmetics and the Wodaabe of Africa is the quest for beauty. But the most fundamental questions that beauty raises can be answered only by the
      276 words
    • Advertisement
      Page 1 Advertisements Column 2
      182 1 Nikon H* M 2 1 MP. Figures of fascination Page 7 Hriml TPM Close encounters of the theft kind Page 7 How to get behind those German labels Page Main and fringe events of the arts fest Page Just who exactly goes to the fest and why? Page 10 TV
      182 words
Page thumbnail Page 2
  • HOME NEWS
    • Article
      New assessment scheme for building industry
      445 2  -  By TONG SUIT CHEE TO ENCOURAGE innovations in the construction industry, a new assessment scheme to evaluate new products or processes has been initiated. Called the Construction Technology Assessment Scheme (CTAS), it was unveiled yesterday by the Construction Industry Development Board (CIDB) and the
      445 words
    • Article
      Workers' Party and PKMS in link-up
      137 2 TWO OPPOSITION PARTIES, the WorkersParty and the Singapore United Malays National Front (PKMS). announced yesterday that they would team up for the coming elections. In a move described as "an alliance short of a merger", WP secretary-general J B Jeyaretnam and PKMS president Ibrahim
      137 words
    • Article
      SAF may use disused HDB blocks for training
      145 2 THE SINGAPORE Armed Forces (SAF) is thinking of using old blocks of flats slated for demolition for training purposes, Second Minister for Defence (Policy) Dr Yeo Ning Hong said yesterday. This would maximise the usage of land as well as cut the
      145 words
    • Article
      Casting light on optical memory technology
      315 2  -  By SHOEB KAGDA GREATER AWARENESS in optical memory technology, or the storage of information on laser operated disks, among local computer users bodes well for the infant industry. This was the view of Dr Desai Narasimhalu, research staff member at the Institute of Systems
      315 words
    • Article
      NTI conference on computer graphics
      114 2 FOREIGN EXPERTS on computer graphics will be here for a conference organised by the Nanyang Technological Institute's School of Electrical Electronic Engineering. The first international conference on computer graphics (ICONOG 88) will offer opportunities for researchers and users to share their experiences in computer graphics
      114 words
    • Article, Illustration
      SCCCI aims to be partner for investments in China
      275 2 THE SINGAPORE Chinese Chamber of Commerce and Industry (SCCCI) will, in a trade and investment mission to Australia and New Zealand, sell itself as a bridge and a partner for investments in China. "We don't want to be a matchmaker. We
      275 words
    • Article
      Pavilion linked globally to Inter-Continental hotels
      141 2 PAVILION Inter-Conti-nental Singapore is now linked to a $15 million computerised reservation system, Global 11, which provides access to detailed profiles of about 100 Inter-Conti-nental hotels worldwide Global 11, the InterContinental Hotels' new worldwide reservations service, was implemented in mid-March. With this system, a
      141 words
    • Article
      Inconclusive end to Singapore-German air talks
      312 2 SINGAPORE AIRLINES' plans to start an extra service to Frankfurt have been stalled because an agreement could not be reached at the three-day air talks between Singapore and West Germany which ended yesterday. The Ministry of Communications and Information said that the German delegation
      312 words
    • Article, Illustration
      Mixed response to more hotel rooms
      355 2 THE RECENT CALL by Singapore Tourist Promotion Board's chairman Lim Chin Beng to build more hotels received a mixed response yesterday. Agreeing with him was Mr Ng Pock Too, deputy secretarygeneral of the National Trades Union Congress and Political Secretary, Prime Minister's Office. Speaking
      355 words
    • Article
      SHIPS IN PORT
      1350 2 AT CONVENTIONAL WHARVES VmmI Berifi Arrival Departure KEPPEL WHARVES Bin Yor Aduo KI5 olongside 1806,7300 Equator III K23 alongside 1806/1200 Eu»i K20 alongside 1906/2300 N'l* KI8 alongside 2006/0600 Straits Hope IC24E alongside 18 06/2300 Ymleng IC33 alongside 18.06/1800 Far Eost Novee KI6 1806/0600 2006/0600 Ferngolf C09 1806/0730
      1,350 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      148 2 Welcome to the new comforts of home There are changes in the air at Hotel Equatorial Kuala Lumpur. Most important is the total make-over in our rooms and suites, now in a modem, contemporary style that's charmingly comfortable, t A new refreshing look greets you at our lobby. Plush, inviting
      148 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      40 2 Max/ Note Mln (°C) 17/07 Fin* 16/10 Cloudy unav Nassau New Delhi New York Nicosia Oilo Ports Perth Rio 'Janeiro Rom* San Frit'co San Juan Santiago Sao Paulo Seoul Stockholm Sydney Taipei Tokyo T of onto Vancouver Vienna Warsaw Washington
      40 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      DAILY AIRCRAFT MOVEMENTS
      914 3 ARRIVALS Operator Service Local From number tint* SiA SQ417 0845 DXB/KHI MAS MH651 09)0 PEN MAS MH607 0920 KUL AC AC888 0925 YYZ/LHR/BOM SiA SQ103 0950 KUL CAL CI806 1000 CGK CPA CX710 1015 CGK GiA GA960 1100 CGK SIA SQ105 1105 KUL MA BI421 1130 BWN
      914 words
    • Article
      Lock icon Asian NICs unlikely to be criticised at summit
      214 3 Reuter LEADERS OF THE major industrial democracies do not plan to attack Asia's exporting giants at the Toronto summit but will encourage them to play a greater role in the world economy, a senior US official said on Thursday. Assistant US Treasury
      Reuter  -  214 words
    • Article
      Lock icon Manila bases: Shultz warns against excessive monetary demands
      160 3 AFP THE UNITED STATES will move its military bases from the Philippines if Manila demands "staggering sums of money" from Washington to keep them there. US Secretary of State George Shultz said on Thursday. Mr Shultz told a congressional committee that he
      AFP  -  160 words
    • Article
      Lock icon EC formally adopts accord with Comecon
      252 3 AP THE EUROPEAN Parliament on Thursday formally adopted the mutual recognition agreement to be signed between the European Community and Comecon. The agreement will be signed by the 12-nation West European trade bloc and its 10-nation Communist counterpart in Luxembourg on June 25. The
      AP  -  252 words
    • Article
      Lock icon Jakarta in drive for new investments in agriculture
      191 3 Bernama-Antara THE INDONESIAN government has opened wide its door to new investments in the agricultural, livestock, fishery and plantation sectors, according to Minister of Agriculture Wardoyo. Opening a national meeting of the Indonesian Young Businessmen Association in Jakarta on Thursday. he added
      Bernama-Antara  -  191 words
    • Article
      Lock icon China orders re-examination of construction projects
      145 3 AFP CHINA has ordered officials throughout the country to halt or postpone some expensive construction projects of office buildings and tourist hotels, the New China News Agency (NCNA) said on Thursday. A State Council circular distributed nationwide ordered provincial administrators to "personally" make a
      AFP  -  145 words
    • Article
      Lock icon British unemployment at its lowest in seven years
      115 3 AP UNEMPLOYMENT in Britain last month was the lowest for seven years, the Department of Employment said on Thursday. The total of people out of work and claiming unemployment aid was 2.426.874 or 8.7 per cent of the work force, down by
      AP  -  115 words
    • Article
      Lock icon Trade surpluses predicted for US
      253 3 Yeutter sees painful adjustment for other nations AFP THE US could soon begin notching up trade surpluses as a result of a structural realignment among the major industrialised nations, US Trade Representative Clayton Yeutter said. Speaking to reporters in Washington on Thursday prior to next
      AFP  -  253 words
    • Article
      Lock icon Tokyo turns down French debt proposal
      210 3 AFP JAPAN WILL NOT endorse a French proposal to cancel a portion of debts of the world's poorest countries at the upcoming Toronto summit of industrialised nations, a Japanese Foreign Ministry spokesman said on Thursday. But Japan shared the aim of French President Francois
      AFP  -  210 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      106 3 ■WALKING THROUGH his drought damaged corn, Mr Firmin Rottinghauf, 72, calls tha conditions in tha US Midwest "the worst I've seen since 1936". He and most other farmers in the area are suffering through a lack of rainfall that is threatening their crops and livestock. See PAGE 13 fI ja
      106 words
    • Advertisement
      Page 3 Advertisements Column 2
      6 3 QUORUM Eau do Toilette for Men
      6 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      59 3 HI, eveFWN£.'tHßOUM>f€Dl& l ALONG WfTH BARBARA fiNNBOOPsrm, OVSRLOOKJH6 a pficnv >AR «5, THS CDLP MAR IS OVER! FROM THE HILLS OF AFGHANISTAN 7 V THE MARKETS OF SHANGHAI TO THE SWPYARPS OFGOANSK, COMMUNISM AISUJ&KNOU) TT IS IN FULL, OPEN RETREAT! but you GOTTA &VB THOSE sowers credit, PON7XXJ, ROMS* YOUBET.BOOPSe!
      59 words
Page thumbnail Page 4
  • MONEY AND EXCHANGES
    • Article
      Simex
      462 4 EURODOLLAR futures opened sharply lower yesterday than the previous close as a result of expectation of higher interest rates in major countries and higher commodity prices. Market looked cautious with participants concerned over the outcome of the G-7 meeting this week. The September contract traded to the high of
      462 words
    • Article
      Asian dollar market
      246 4 ASIAN dollar deposit rates closed unchanged after opening firmer across the board in thin trade yesterday. "Rates failed to rise further in the afternoon deepite some borrowing intereet shown by a few Japanese banks," one dealer said. In the morning, overnight fell 1/16 per cent to 7-9/16
      246 words
    • Article
      Comex gold/silver futures
      163 4 Gold futures on June 16 100 troy ounces: USS per troy ounce Open Htgh Low Mlt Jan 453.00 455.00 449JO 450.00 -1.90 M 450.90 -1.90 Aug 456.50 459.00 453 90 453.90 -1.90 Oct 462 50 464.00 458.20 459.20 -170 Dac 467.50 469.40 463.20 464.50 -1.60 Fab 89
      163 words
    • Article
      Government securities market
      82 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID Of FEB HtGH LOW 3 months BQ*****S 15.09.88 3.85 3.80 3.82 3.82 6 months BY*****T 24.11.88 3.82 3.77 1 year BY*****Z 23.3.89 3.82 3.77 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate
      82 words
    • Article
      Forex markets
      1273 4 SINGAPORE: THE US dollar closed firmer against most major currencies at 3 pm yesterday. Against the Singapore dollar, it closed higher at 2.0240/50 in quiet trading. It traded within a range of 2.0235 and 2.0245. It opened initially at 2.0235/45. Against the DM, the greenback closed at 1.7500/10.
      1,273 words
    • Article
      Lock icon IMM
      273 4 Reuter IMM CURRENCY futures closed higher on Thursday but near the centre of daily ranges after a thinly traded session marked by choppy price moves. Dollar sales by the Bundesbank and talk that the West German central bank may raise the allocation rate at its next securities repurchase pact
      Reuter  -  273 words
    • Article, Illustration
      World interest rates
      178 4 Indicates the average of the prime lending rates of 12 major banks In S'pore Interbank market rates (offer/bid) on June 17 us$ DM SWFC Y«fi 7 doyi 7 9/16 7/16 7 6 3/4 3 7/1- 3/4 3 1/4 3 4 5/16 3/16 1 iwh 7 9/16 7/16
      178 words
    • Article
      Money markets
      72 4 THE OVERNIGHT rate on the Singapore money market rose by point to close at 3-3/8 per cent yesterday. The one- and three-month term rates rose 1/16 while the two-month remained unchanged. N S$ Interbank rates l at the close yesterday: OH» to cw night 1 -month 3 3/8
      72 words
    • Article
      Options
      1454 4 CURRENCY FUTURES OPTIONS Friday, Juno 17, 1988 DEUTSCHE MARK (SJMEX) M M call* Mgh Loo So* High M 88 pot Low 1 0O0 M 57 M 5* 60 172A 22 22 2 2 167 22 5 2 15 60 15 58A IS 60 138 235 AM« M Mh HMi
      1,454 words
  • Page 4 Advertisements
Page thumbnail Page 5
  • BANKING AND FINANCE
    • Article
      Lock icon Industrial Bank of Japan may boost capital with big share issue
      220 5 Reuter THE INDUSTRIAL Bank of Japan Ltd, one of Japans three long-term or wholesale banks, is considering boosting its capital by making a major share issue, a bank spokesman said in Tokyo on Thursday. The issue would be aimed
      Reuter  -  220 words
    • Article
      Lock icon World Bank loans for Manila
      154 5 AFP Reuter THE WORLD BANK has signed two agreements granting US$2O5 million in loans to the Philippines for irrigation and low-cost housing projects. Manila's Foreign Department said on Thursday. A US$l6O million loan will help finance a low-cost urban housing project through a "self-sustaining system
      AFP; Reuter  -  154 words
    • Article
      Lock icon High rates paid by Texas thrifts are coming down again
      220 5 Reuter THE high interest rates Texas thrifts and banks pay to attract deposits are falling as regulators close more insolvent institutions. George Barclay, president of the Federal Home Loan Bank, said in an interview that Texas thrifts no longer monopolise
      Reuter  -  220 words
    • Article
      Lock icon Call for European central bank
      75 5 AFP WEST GERMANY will urge the creation of a European central bank at the June summit of the European Community, West German Foreign Minister Hans Dietrich Genscher said in Strasbourg on Thursday Mr Genscher, speaking at the European Parliament, said: "The summit must lay the
      AFP  -  75 words
    • Article
      Lock icon Reserves down
      83 5 Reuter PHILIPPINES' gross international reserves (GIRs) fell to US$l.7B billion at end-May from US$l.Bl billion at end-April, preliminary data from the Philippine central bank show. A senior Central Bank official said yesterday principal and interest payments on the country's US$2B.B billion foreign debt had prevented the bank from
      Reuter  -  83 words
    • Article
      Lock icon Amex to operate ATMs in Moscow
      65 5 Reuter AMERICAN EXPRESS Co s travel unit has been granted permission to operate cash dispensers in the USSR. Its American Express Travel Related Services Co will open its first two automated teller machines in Moscow by September. It said the day-to-day operations of the
      Reuter  -  65 words
    • Article, Illustration
      Lock icon Banks want economic reforms in Argentina
      804 5 Loans may be put on non-accrual basis Reuter ACCOUNTING rules may force big US banks to put Argentine loans on a non-accrual basis soon, but their objective is to ensure that the country tackles much-needed economic reforms, banking sources in New York said. "Placing
      Reuter  -  804 words
  • COMMODITIES
    • Article
      Rubber
      216 5 SINGAPORE THE RUBBER marked closed quietly steady yesterday with July One RSS buyers price quoted at 284.00 cents/kilo, unchanged from Thursday's close. On the TSR-20 market, prices eased slightly in thin trading due to lack of interest. July buyers price closed at 250.00 cents/kilo, down 1.50 cents from Thursday's
      216 words
    • Article
      RAS and MRELB
      276 5 RAS prices m 3 c*nt*/kg, FOB In bal* B NOON CLOSE Buyers Sellers Buyers Sellers trrt 1 RSS Prompt 285.00 287.00N 284.00 286.00N Int 1 RSS Ju«y 88 285.00 287.00N 284.00 286.00 Int 1 RSS August 286.00 288.00 285.00 287.00 kit 2 RSS OP 283.50 285.50N 282.50
      276 words
    • Article
      SSR and SMR
      75 5 (eanti/kg) JULY O OD 00 AUGUST 1988 (currant month) (forword month) NOON NOON RAS Bvy«r> S*ll*ri $St 20 252.00 257.00N 252.00 257.00N SS« 50 250.00 255.00N 250.00 255.00N MRELB •wyart S«U*r> Buyers Sdlm SMR cv 592.00 594.00N 594.00 596.00N SMR I 596.00 *****N 598.00 600.00N SMR 5
      75 words
    • Article
      Lock icon KL Tin
      115 5 Reuter THE TIN price on the Kuala Lumpur tin market eased a cent yesterday from Thursday to M 518.09 a kg, in moderate trading. A larger offering of 125 tonnes against 121 on Thursday prevented the market from a further rise, dealers said. They said no rationing or
      Reuter  -  115 words
    • Article
      Lock icon Soybean
      78 5 Reuter CBT SOYBEAN futures closed sharply higher on Thursday from 21-1/2 to three cents a bushel with 4-1/2- year highs and new highs in most contracts. New crop November settled up 141/2 cents at US$9 40. Traders said prices rose the 30 cent a bushel limit early on strong
      Reuter  -  78 words
    • Article
      Precious Metals
      362 5 HONGKONG: Gold closed slightly higher yesterday on late demand from European investors despite an early round of profit-taking, dealers said. Bullion ended at U*****.50/90 an ounce against New York's close of U*****.00/50 and Thursday's finish in HK of US$453 00/40. Dealers said the metal opened strong but was
      362 words
    • Article
      Lock icon Wheat
      87 5 Reuter CBT SOFT red winter wheat futures closed with sharp losses of 15 to 8-1/2 cents a bushel on Thursday, on or near session lows Spot July settled 15 cents lower at U553.79 after posting a 27 cent range on the day. Prices raced to new contract highs initially
      Reuter  -  87 words
    • Article
      Oil and Products
      85 5 CRUDE held its ground yesterday, but products continued weak. Closing prices for crude (FOB origin) usj/Wr* Otanga Too* (My) 16.45 -0.15 Minot (My) 16^5 w>d« Dubai (My) 14.00 ♦aio W«M T«*a> WD (Myr 1640 0.06 York don pr**tow« day. Products (FOB S'pore) USS/barral Otang* Kf oww 19.15
      85 words
    • Article
      Lock icon Seoul to buy oil and iron directly from Beijing
      233 5 AFP SOUTH KOREA has concluded several contracts to buy crude oil and pig iron directly from China, and an agreement to buy Chinese aluminium will be signed shortly, officials yesterday. Two officials from the South Korean government office of procurement visited
      AFP  -  233 words
    • Article
      London markets
      295 5 London Commodity Exchange Buyer/Seller dosing prices on June 16 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee taiii in-ttore Londc m, tellert option CIF London M 1129/1130 (1127/1129) High/Low 1142/1123 Sep 1142/1143 (1137/***** High/Low 1152/1135 Salts (1672) Cocoa M 894/895 (918/919) High/low 918/894 Sep 913/914 (941/952) High/Low
      295 words
    • Article
      Lock icon China warns of worsening coal shortage
      112 5 Reuter CHINA warned yesterday that output of coal, the country's main energy source, was falling way behind demand and that shortages would worsen, threatening industrial production. The official Economic Information newspaper said coal had been in short supply in south China since the winter,
      Reuter  -  112 words
    • Article
      Lock icon Palm Oil
      425 5 Bernama CRUDE PALM OIL FUTURES closed steadier in active trading onthe KLCE yesterday. The market opened higher on firm leads from the Chicago Board of Trade and brisk buying interest following the dry weather in the soyabean and corn growing states of the US. Values roee between Mslo
      Bernama  -  425 words
    • Article
      Produce Prices
      239 5 Chinese Produce Exchange Sellers' noon closing prices on June 17 (SS/100 kg) Coconut oil ftutk FOB 118.00 Old drum FOB 128.00 New drum FOB 132.00 Copra Mixed (loose) 67 sellers Pepper Muntok white FOB NIW 1105.00 Sarawak white FOB faq NIW 1090 00 Sarawak special block FOB NIW
      239 words
Page thumbnail Page 6
  • PERSPECTIVE
    • Article
      No mascara needed
      490 6 ACCORDING TO A RECENT REPORT, more Singapore men are going in for makeup nowadays. While some men stop at the moisturiser, the more adventurous are using mascara, rouge, lipstick, foundation and eyeliner. All in all, increasing numbers of men are entering a realm which, till recently, was
      490 words
    • Article, Illustration
      Lock icon Lighting up a controversy
      1644 6  -  In a landmark ruling on Monday, a US federal jury in Newark has, for the first time ever, found a tobacco company liable for contributing to a smoker's death. RANDALL ROTHENBERG discusses the implications of the Rose Cipollone case for both tobacco companies and consumers. RANDALL
      NYT  -  1,644 words
    • Article, Illustration
      Lock icon Smoke signals appeared early
      644 6 NYT AS EARLY as 1946, 20 years before warning labels went on cigarette packages, American tobacco companies were worried that cigarettes could cause cancer. And in the *****, when independent researchers began publishing major studies on the health hazards of smoking, the companies began parallel and
      NYT  -  644 words
    • Article
      Seats for the weary please
      90 6  -  Letter to the Editor D W Distant Dear Sir, Like adjacent Somerset and Newton stations, the Orchard Mass Rapid Transit station has many users who are pregnant, elderly, disabled or just shopping weary. Unlike passengers at Somerset and Newton stations, those at Orchard cannot sit
      90 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      753 6 CRYPTIC PUZZLE ACROSS 9 When the match begins in the early afternoon (5, 3) 10 Mean to hit back (3) 11 He's on the green side (6) 12 When you have a date with, there are whispers (6) 13 Six children I see in apparitions (7) 14 The name "John",
      753 words
Page thumbnail Page 7
  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      327 7 EVER SO OFTEN, we hear about food hawkers driving Mercedes Benz cars and wearing gold Roiex watches. This is a variation. A hawker had gone to a specialist for treatment and the specialist, without being asked, volunteered a discount on the consultation fee. The specialist chanced
      327 words
    • Article, Illustration
      Figures of fascination
      879 7  -  Some would say they look ghastly, even eerie. Some would say they're sights to behold. But all would agree that they don't come cheap. Antique porcelain figurines and dolls don't claim a large following in Singapore. But the few who do dabble in the hobby are serious
      879 words
    • Article, Illustration
      Close encounters of the theft kind
      750 7  -  With TIANG PEK YIN IT CANT be easy being a burglar. At least, not on the street where I live. Of late, it seems to have become a popular haunt for crooks. My house, for example, was burglarised not once, but twice. (No, I
      750 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Lock icon Big girls do play with dolls
        597 8  -  -by Linda Chee NO CHILD'S play, dolls. There's even a scientific name attached to collecting them. Dollology. Since the *****, adults all over the world have been collecting dolls, both as a hobby and, in recent years, for investment. Prices have risen so rapidly
        Pictures by courtesy of Petnic's Enterprise and JUDY LYE  -  597 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        How to get behind the German wine labels
        806 9  -  By N K YONG GERMAN WINES suffer from neglect because they are sweet wines, and few people like to drink sweet wines with their food. Another major cause is the difficulty in deciphering their labels, compounded by the Gothic script they use.
        806 words
      • Article
        MAIN EVENTS
        433 9 SINGAPORE FESTIVAL OFARTS M 1 DANCE: PUobolua Donee Theatre. Today and tomorrow. Bpm. Victoria Theatre. The theatre s innovative, humorous and virtuosic movements has created a new definition of dance. Tickets for today's performance sold out. For tomorrow's performance, $30 tickets still available. Kathak Kendra. Today and tomorrow.
        433 words
      • Article, Illustration
        FRINGE EVENTS
        1061 9 TODAY: Sadtl And Frtanda. Ipm. Tangs forecourt. A concert featuring funky jazz music. Free. Attka Mlndan. 3pm. Raffles City atrium. The group will perform contemporary Malay dances like the Kerincing and Rampaian. Free. St Andraw'a Soclaty Scottish Dancara. 3pm. Forum Galleria. Scottish dances by families of Scottish expatriates.
        1,061 words
      • Article, Illustration
        Who goes to the arts fest?
        684 10  -  By CATHARINE FERNANDO JUNE IS MIDSUMMER In Singapore, a hot humid month traditionally devoted to weddings, school holidays, and more recently, the arts festival. Where before people took time off from work to do things with their children, today, they take leave from work
        684 words
    • Executive Lifestyle: Festival of Arts
      • Article, Illustration
        Bold Beginnings for dance group
        606 11  -  By LISA LEE I WAS LATE grabbed my change from the cabdriver and rushed up the steps of Victoria Theatre on that humid Sunday night. At the programme stand, a young girl with a bunch of orchids greets me by name, one of the young
        606 words
      • Article
        Directing style leaves Passionate Pursuit cold
        462 11  -  By JAIME LYE IF PETER WAS CAUGHT between good and evil, Eleanor Wong was caught between the 1980s and Max Le Blond. At least Peter was rescued in the end by his own innate individuality. Eleanor, on the other hand, was buried by a
        462 words
      • Article, Illustration
        Dirty dancing
        444 11  -  By CLAIRE LEOW EMOTIONALLY CONFUSING, aesthetically innovative and easily the kookiest thing I've seen this arts festival. On top of that, witty and fun, if not always accessible. That's Pltoboiu* Danea Theatre for you. By some quirk of imagination, the group s name was inspired by a type
        444 words
    • Executive Lifestyle: Sports
      • Article
        It's carnival time in Penang
        440 12  -  on 5*58 TMCK With JEROME FANDOR IT IS A CARNIVAL, this Penang meeting just 11 professional races, four fun-loving amateur ones and the usual, casual Penang holiday spirit. Leading trainer Malcolm Thwaites has scratched most of his stars since last week's disappointment with the speculation
        440 words
      • Article
        Bridge for the masses
        314 12  -  Bridge By Mike Thumba THE FIRST Far East Bridge Congress ended last Sunday with a grand dinner presided over by the Singapore Contract Bridge Association at the Hyatt Hotel. The 250 guests and players included the guest of honour, Mr Phua Bah Lee, Parliamentary Secretary to
        314 words
      • Article
        Lock icon Dennis Conner to test lighter wing for Stars & Stripes
        339 12 Dennis Conner to test lighter wing for Stars Stripes YACHTING UPI THE SPACE-AGE WING that powers Dennis Conner's Americas Cup catamaran will be replaced with a second wing better suited for the winds off San Diego, the Stars Stripes team announced on Thursday evening. The U*****,000 hard sail, which looks
        UPI  -  339 words
      • Article, Illustration
        Lock icon Pistons outscore tired Lakers
        441 12 BASKETBALL Reuter THE Detroit Pistons overcame a red-hot Lakers' start to score a 104-94 win over Los Angeles on Thursday night and move within one victory of the National Basketball Association (NBA) championship. Los Angeles rushed out to a 12-0 lead at the start but Detroit
        Reuter  -  441 words
      • Article, Illustration
        Lock icon Lyle shares lead in US Open to stay in running for Grand Slam
        555 12 GOLF Reuter SANDY LYLE of Britain birdied two of the last three holes on Thursday to share the first-round lead in the US Open golf championship in Brookline with Americans Bob Gilder and Mike Nicolette. Lyle, the
        Reuter  -  555 words
      • Article
        Lock icon Palmer seeks victory in Detroit
        175 12 RACING Reuter BRITAIN'S Jonathan Palmer said on Thursday that his best chance of victory this year in his normally aspirated Tyrrell racing car will be at the US Grand Prix in Detroit tomorrow. "I'm excited about the race." Palmer said. "I wouldn't want to miss
        Reuter  -  175 words
      • Article
        Lock icon Paceman Dilley blasts West Indies in first day's play at Lord's
        304 12 CRICKET AP ENGLISH PACEMAN Graham Dilley routed the West Indies in the first day's play of the second Test match at Lord's on Thursday to cement his standing as his country's number one strike bowler. Dilley. so often plagued
        AP  -  304 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Lock icon Positive outlook for gold prices and the A$
        567 13 CURRENCIES AND METALS Keeping trade... WHILE fundamentalists continue to argue about whether rising mine output has sapped the strength of gold, a few technical analysts appear quite confident the metal is headed higher. Studying price charts to determine future trends, the technical
        Source: Data & Company Ltd  -  567 words
      • Article
        Paul Morgan leads the Great Investment Race
        252 13 COMPETITIONS STOCKBROKER Paul Morgan Associates continues to lead in the Great Investment Race, a financial competition being played by professionals for charity. Since the start of the games on May 14, Paul Morgan has widened its lead against the other eight competitors considerably.
        252 words
      • Article, Illustration
        Lock icon Investors now afraid of missing the boat
        321 13  -  fi§& -by RC THE LONGER the Straits Times Industrial Index stays up and the local stockmarket refuses to correct itself, the more nervous investors become. Nervous not about a crash, but about missing out on the best bull market revival following last year's
        Source: Investamatic  -  321 words
      • Article
        Export programmes could dry up
        512 13  -  U.S. COMMODITIES By RAMESH CHANDIRAMANI TIME IS SLOWLY running out, and there appears to be very little that farmers in the midwestern states of America can do without rain. The nation continues to suffer one of the worst dry spells of this century, and large
        512 words
      • Article
        Manufacturing will fuel M'sian growth, says Kay Hian
        567 13 ECONOMIES THE MALAYSIAN economy is expected to grow by 7 per cent this year against an estimated 5.2 per cent in 1987, says local stockbroking firm Kay Hian Co (Pte). This forecast is a drastic revision of an earlier estimate of 3.5
        567 words
  • Page 7 Advertisements
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      796 8 COURVOISIERXO -wi 111 TC I VI.I UM 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
      796 words
    • Advertisement
      Page 8 Advertisements Column 2
      136 8 ap. rP Join us as we start the exciting search for the most beautiful girl in the world. 9.00 pm at the c7£asßafi> Look out for the Grand Finals to be held at Neptune Theatre Restaurant on Friday Sept 16 at 7.00 pm. flB 1 4K m<3^ la (WtrWrfm Weapcrvs
      136 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      316 9 N1 m .4 n- j. j 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, fruit salad
      316 words
    • Advertisement
      Page 9 Advertisements Column 2
      320 9 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM W For between $26++ and $40+ you can select from our appetiser OKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And finish with
      320 words
    • Advertisement
      Page 9 Advertisements Column 3
      18 9 o o c o (XI CTJ o VjHG e C fife®** 0<c ,aP°' e SioS -,oo^ b^ 7
      18 words
Page thumbnail Page 10
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      1773 10 SLOTS TO WATCH Chevalier, Einstein and Scandinavia Movies ROSEMARY CLOONEY does the singing, while Sondra Locke does the acting in Rosie: The Rosemary Clooney Story. In the vein of The Buddy Holly Story, Elvis and other autobiographical films, this straightforward adaptation of Clooney's life story traces the singer's career from
      1,773 words
    • Miscellaneous
      Page 10 Miscellaneous Column 2
      1032 10 Saturday BBC 88.9 mHz in VHF Band II 6AM World News 6.09 The World Today. 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 Ra dio Newsreel 8.30 Personal View 8.45
      1,032 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      369 11 MA YFAIR SUITES SCOTTS HALL, CANNING HALL SOMERSET COURT TOTAL AREA 191 sq. m (TYPICAL UNIT) 2056 sq. ft. All areas art approximate and lubiect to final survey I II riruin m m qAo I DINING ROOM It' a nnfin I MASTfcR BtDROOM m BALCONY 2 BALCONI RESIDENCY SUITES CAMELOT
      369 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      174 12 I If you are not in the league that [allows you to sponsor animals at the Zoo, perhaps it's because you are not a regular BT reader. Successful executives know the lyalue of keeping abreast of what is in the complex world of B business. That's why they subscribe W
      174 words
    • Advertisement
      Page 12 Advertisements Column 2
      11 12 Whafc common between theSeoulOjym|Mcs& thefthlhnes Inter-Business House Athletics Meet inSeptembec SPORTSMANSHIP
      11 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      1143 13 ISLAND FINANCE LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET AS AT 31ST DECEMBER, I*7 SHARE CAPITAL AND RESERVES Share Capital Statutory Reserve Revenue Reserve Unappropriated Profit Represented By: FIXED ASSETS LOAN DEBTORS DUE AFTER 12 MONTHS CURRENT ASSETS Loan Debtors Due Within 12 Months Income Receivable Statutory Deposit
      1,143 words
Page thumbnail Page 14
  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Prices marginally lower on profit-taking
      4838 14 PROFIT-TAKERS dominated grading yesterday following the downturn on Wall Street, but bouts of bargain-hunting for lower-liners managed to buffet .the market from the bearish sentiment. oi After losing some ground in -the first hour, share prices recovered towards midday but eventually closed marginally iower on
      4,838 words
  • Page 14 Advertisements
Page thumbnail Page 15
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Two-year courtship comes to a happy ending
      552 15 wsm By HOCK LOCK SIEW ONE of the longest courtships in Singapore's corporate history is finally over. After two years and two tries, the Hong-kong-based Wharf (Holdings) has finally regained majority control of Hotel Marco Polo (HMP). a former subsidiary it floated in
      By HOCK LOCK SIEW  -  552 words
    • Article
      Lock icon Landmarks institutes action against various parties
      204 15 NST LANDMARKS Holdings Bhd has lodged a report with the Malaysian police commercial crime division against various persons and has also instituted civil proceedings against certain parties for loss and damage suffered by the company. Chairman Tan Sri Muhammad Ghazali Shafie, in his latest
      NST  -  204 words
    • Article
      Lock icon Dreamland Holdings to establish operations in 14 Chinese cities
      132 15 MBT DREAMLAND Holdings, a leading manufacturer of spring mattresses, intends to set up joint ventures in 14 cities in China to expand its operations there. At a press briefing in Kuala Lumpur on Thursday, Dreamland executive chairman Tunku Abdul Rahman Ibni
      MBT  -  132 words
    • Article
      Lock icon Property provides biggest share of Keck Seng's profit
      176 15 MBT KECK SENG (M) Bhd. which started as a plantation company, derived the largest portion of its group profit from property development last year. Although it has invested more in plantations than in any other sector, its property development division contributed M
      MBT  -  176 words
    • Article
      Business done on the SES
      4848 15 BIO 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 unJess otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      4,848 words
    • Article, Illustration
      Receivers putting Hotel Meridien up for sale
      572 15  -  JAPANESE AND HONGKONG BUYERS INTERESTED By LEE HAN SHIH AFTER three months in the hands of receivers, the Hotel Meridien along Orchard Road is being put on the market. Sources said the receivers, Arthur Anderson Co, have discreetly approached a number of merchant
      572 words
    • Article
      IGB Corp given go-ahead for the listing of Australian unit
      375 15  -  By LISA LEE IPOH-BASED property developer IGB Corp Bhd has received approval from the Australian Corporate Affairs Commission to list its subsidiary Down Under. Ipoh Garden (Australia) Ltd (IGA), IGB Corps 90 per cent-owned subsidiary, was given the green light
      375 words
    • Article
      Unit trusts
      272 15 Monogers' prices for June 18 20 Jopon Gr Fund 1 61 Shenton Thrift Fund 0M5 1.66 0845 Singapore Unit Trust UOB Management Untfund 0915 0.915 The Commerce 099 105* Untbond 01 1035 The Savings Fund 087 093 S'pore Prog Fund S'pore Sec Fund 042 069 046 074 MARA-Bumiputra
      272 words
    • Article
      Bonvests — qualifications in annual report relate to subsidiary
      154 15 Bonvests qualifications in annual report relate to subsidiary BONVESTS Holdings Ltd has explained that the qualifications In the auditor's report in its latest annual report relate to its subsidiary Bon-Food Pte Ltd. tbe franchise holder for Burger King. Bonvests said it had recenfly acquired the remaining 6 per cent equity
      154 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      307 15 MAINLY INVESTMENTS PRIVATE LIMITED (In Members' Voluntary Liquidation) Special Resolutions NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of MAINLY INVESTMENTS PRIVATE LIMITED duly convened and held at 141 Middle Road. #06-03 GSM Building, Singapore 0718, on 15 June 1968 the following Special Resolutions were duly passed:— 1.
      307 words
    • Advertisement
      Page 15 Advertisements Column 2
      354 15 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF PRODUCTION MACHINES MANUFACTURING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 6 Battery Road #32-00. Standard Chartered Bank Building, Singapore 0104 on 9 June 1988,
      354 words
    • Advertisement
      Page 15 Advertisements Column 3
      242 15 NOTICES FOR SALE PARTICLE BOARD PLANT WITH LAMINATING LINE Modern second hand particle board (chip- i board) plant machinery, in very good con- dition. for sale in Scandinavia. Most of the equipments manufactured 1978. Press-size: 2610 x 5150 mm. single opening Capacity: 80 m 3/ 23 hours. LAMINATING-LINE for i.e.
      242 words
    • Advertisement
      Page 15 Advertisements Column 4
      333 15 IN THE MATTER OP THE COMPANIES ACT. (CHAPTER 90) AND IN THE MATTER OP GOLD VICTORY MARINE LINE PTE LTD (Incorporated In the j Republic of Singapore) l (In members' voluntary winding np) At an extraordinary general meeting of member* of GOLD VICTORY MARD® LINE PTE LTD duly convened and
      333 words
Page thumbnail Page 16
  • REGIONAL MARKETS
    • Article
      Lock icon Revenues of Manila's top 1,000 up 10.6pc
      382 16 San Miguel leads the pack AFP THE PHILIPPINES' top 1,000 corporations posted a 10.6 per cent increase in gross revenues last year, with the brewery-based San Miguel Corp the most profitable firm, an official report said yesterday. The Securities and Exchange Commission, a
      AFP  -  382 words
    • Article
      Kuala Lumpur prices close higher
      3801 16 THE KUALA LUMPUR stock market continued its run-up for the fourth consecutive session yesterday, lifting prices to higher ground in active trading despite a hesitant start. A broker described the market performance as strong and noted that there was sufficient momentum to push the market
      3,801 words
    • Article
      Lock icon NZ exchange not publishing result of investigation
      132 16 Reuter THE NEW ZEALAND Stock Exchange has said it will not publish the result of an investigation into discrepancies in prices reported by brokers. "I am not able to make any comment," the exchange's executive director Roger Gill said "The matter is ended
      Reuter  -  132 words
    • Article
      Stocks finish higher
      1403 16 Hongkong STRONG GAINS in Tokyo reversed earlier losses in Hongkong yesterday, brokers said. The Hang Seng Index rose 24.52 points to 2,718.02 and the Hong Kong Index 16.42 to 1,800.17. Turnover was HKJI.7 billion. Brokers said they were cheered that the Hang Seng Index closed above 2,700,
      1,403 words
    • Article
      Seoul
      133 16 JUWi 17 WON J**' Sugar ***** uncti m '"<1 ***** 250C Daawoo Corp ***** unc* S !T >0 i** v 21S00 +200 D«i«Wn Sacuritiaa ***** -100 Dong Ah Phar ***** 250 Dong Su* Stock ***** Donobu Steal ***** 300 Star ***** 4300 HarWI Bank ***** 300 HmN Camant u
      133 words
    • Article
      Lock icon Tokyo
      507 16 Reuter TOKYO share prices yesterday finished at a record high close after brisk trade, but were down from the day's peak, brokers said. The Nikkei Index rose 195.14 points, or 0.68 per cent, to 28,342.46. It peaked at 28,384.72 in mid-afternoon. On Thursday, it rose 53.80 to a record
      Reuter  -  507 words
    • Article
      Lock icon Sydney
      461 16 Reuter AUSTRALIAN shares staged a late rally yesterday to end slightly firmer after being buffeted by a downturn on Wall Street overnight and a blow-out in Australia's May trade account brokers said. They noted that early profit-taking among leading industrials was replaced by selective demand for miners, which pushed
      Reuter  -  461 words
    • Article
      Lock icon Bangkok
      167 16 Reuter THE SECURITIES Exchange of Thailand Index fell 0.76 to 460.18 on a turnover of 8,046,410 shares worth 949.01 million baht. Reuter JUNE 17 1 Ao Kham Thai Ayudhya Invaatmant Bangkok Agro-lry) IAHT 300 460 140 +2 •16 -3 Bangkok Bank Bank Of Ayudhya Cftaroong Thai Wira A Catota
      Reuter  -  167 words
    • Article
      Taipei
      290 16 JUNE 17 NT All Sincara Indus Ant C#m«nl C«tn«y Con* Chang Hwa Bank Chang Loong Chia Hain Cement Chin Hain Flour China Chan China Dav China Elect Wire China Gull Plaa China Rebar China Steal Chung Hwa Pulp Chung Shing Tax Far Eaat Depl Far Eaat Tax First Bank
      290 words
    • Article
      Manila
      97 16 JUNE 17 PESOS Aco|« Mining Anglo Phil ***** *0 0006 Apex Mining B 0 043 unch Atlas Con B 22 75 ■0.75 Baguio Gold Basic Patrolaum 0 022 unch Banguat Con B 102 7 First Phil Hldgs 9 50 -01 Lspanto B 046 unch Marcoppsr 080 -0 15 Mars
      97 words
Page thumbnail Page 17
  • WORLD MARKETS
    • Article
      Lock icon Stocks close sharply lower
      1037 17 New York Reuter WALL STREET stocks fell sharply on Thursday as rumours about interest rate hikes abroad intruded on Wall Street's recent rally. Heavy selling in the dollar and bond markets and further commodity price gains reignited investors' interest rate and inflation phobias, triggering profit taking.
      Reuter  -  1,037 words
    • Article
      Lock icon Share prices marked lower
      1047 17 London Reuter WALL STREET continued to exert a major influence over the UK market yesterday with its sharp fall overnight prompting an early round of markdowns, dealers said. The FTSE 100 opened 8.5 points lower at 1,853.4 with a modest 44 million shares exchanged in the
      Reuter  -  1,047 words
    • Article
      Untitled
      1124 17 Selected indices HONGKONG Hongkong Index Friday tCD. 17 Thursday 1.783.75 Week ago 1.754 47 All Industrials Friday 2.5261 Thursday 2,5278 Week ogo 2.496 3 NEW YORK Hong Seng Index Friday 2.***** Thursday 2.693 50 Weak ogo 2.647 42 Dow Jones Thursday 2.094 24 Wednesday 2.131 40 Week ogo 2.***** TOKYO
      1,124 words
    • Article
      Polysar accepts takeover offer
      96 17 CANADIAN petrochemical company Polysar Ltd on Thursday accepted a US$l.64 billion takeover offer from Nova Corp of Alberta, creating a major international petrochemical and plastics producer. The agreement is subject to Polysar shareholder approval. Nova is offering US$l2 plus half of one of its own shares
      96 words
    • Article, Illustration
      Lock icon Crash of October 1929 may yet repeat itself
      1339 17 US stock market still showing up similarities The Economist "IT WAS like the thunderstorm on a summer day; full of sound t and fury, signifying nothing." That was how one veteran New York investor bastardised William Shakespeare to describe Wall Street's reaction
      The Economist; Source: The Economist  -  1,339 words
    • Article
      Lock icon Saudis buy into Texaco venture
      375 17 Reuter TEXACO INC has agreed to sell a half-interest in its eastern and south-eastern US refining and marketing system to Saudi Arabia for US$BOO million, Texaco said on Thursday. The deal, also announced by Saudi Oil Minister Hisham Nazer, gives the Kingdom a longsought role
      Reuter  -  375 words
    • Article
      Lock icon Saatchi plans £176.5m issue
      170 17 Reuter SAATCHI and Saatchi Co Pic is planning to raise £176.5 million in a rights issue of preference shares and is making a tender offer for US information and data supplier Gartner Group Inc The cash call is being made on the basis of one preference
      Reuter  -  170 words
    • Article
      Lock icon GE venturing further into plastics business
      356 17 NYT MOVING DEEPER into the plastics business, the General Electric Co said that it had agreed to buy the Borg-Warner Corps chemical business for US$2.3 billion in cash. General Electric said that plastics had become one of the fastest-growing businesses and that its purchase
      NYT  -  356 words
    • Article
      Lock icon British Gas posts £1.2b profit
      165 17 Reuter BRITISH GAS PLC. one of Britain's biggest companies, on Thursday reported pre-tax profits of £1.26 billion in its first full financial year since being privatised in 1986. It said the results showed underlying growth despite low gas prices and mild weather last winter. Energy
      Reuter  -  165 words
Page thumbnail Page 18
  • Article, Illustration
    Housing board allays fears over policy changes
    570 18 Impact on workload minor THE Housing and Development Board (HOB) has assured its staff that there is "really no reason for any undue alarm" over recent policy changes as they will only have a minor impact on the board's workload. In a recent
    570 words
  • Article
    First quarter tax receipts up for first time in three years
    460 18  -  By SOH TIANG KENG TAXES collected by the Inland Revenue Department (IRD) have shot up for the first time in three years thanks to Singapore's robust economic recovery from its worst recession in 20 years. The latest government statistics
    460 words
  • Article
    Lock icon Aussie dollar speculation riles minister
    158 18 Reuter FINANCE MINISTER Peter Walsh said he is disturbed by "gamblers" bidding up the value of the Australian dollar. "A gamblers' ethos has been all too pervasive in the Australian business sector," he told a conference of tax specialists, adding that speculation had hurt Australia's
    Reuter  -  158 words
  • Article
    Lock icon Boeing headed for new market in Communist bloc
    259 18 UPI THE BOEING CO moved a step closer on Wednesday to entering an entirely new market for its new-generation aircraft the airlines of such Communist bloc countries as Poland and Rumania. Until now, Western airplane manufacturers like Boeing have been barred by
    UPI  -  259 words
  • Article
    Lock icon South Korea plans trust to buy foreign securities
    287 18 Reuter, AFP SOUTH KOREA plans to form an investment trust company later this year to specialise in buying foreign securities, a Finance Ministry spokesman said in Seoul yesterday. The ministry is drafting revised foreign exchange laws to pave the way for the
    Reuter,; AFP  -  287 words
  • Article
    Lock icon Indonesia may not make 5pc growth
    186 18 Bernama-Reuter INDONESIAN Finance Minister Johannes Sumarlin said it would be difficult for his country to achieve 5 per cent growth in the gross domestic product (GDP) in the year to next March 31, but it might manage around 4 per cent. Asked if he
    Bernama-Reuter  -  186 words
  • Article
    Lock icon Bond Corp gets funding for bid
    62 18 AFP BONO CORP Holdings Ltd said yesterday it had secured British and Hongkong funding packages for its A 5525 million (US$423 million) takeover of Bell Group Ltd. The flagship company of Australian businessman Alan Bond had accepted funding packages from Britain's Midland Bank PLC
    AFP  -  62 words
  • Article
    Lock icon Japanese lawyers' group: torture used
    169 18 Reuter A GROUP of Japanese lawyers has sent documents to the United Nations alleging Japanese police tortured suspects, denied them access to lawyers and detained them without trial. "Our bar association has received many complaints of torture by police," Ms Futaba Igarashi of the Association
    Reuter  -  169 words
  • Article
    Lock icon Way cleared for peace talks on resolving Cambodian conflict
    481 18 UPI THE FOREIGN ministers of Vietnam and Thailand reached agreement yesterday on major aspects of a settlement of the Cambodian conflict, taking "an important step towards peace" in South-east Asia. The ministers said their meeting cleared the way for peace talks
    UPI  -  481 words
  • Article
    Lock icon Johor to look for suitable bridge site
    89 18 Bernama MALAYSIAN Information Minister Datuk Mohamed Rahmat said that the Johor government will find a suitable site for the construction of a bridge linking the state with Singapore. However, he said he himself did not have any information on the matter. He was
    Bernama  -  89 words
  • Article
    Lock icon Comex gold and silver
    88 18 Reuter COMEX gold futures held minor gains in extremely slow dealings early yesterday, as traders looked for clues on the opening trend of Chicago grains. In the first hour, August gold was up US$O.7O to U*****.60 an ounce after a narrow range of U*****.10 to U*****.50.
    Reuter  -  88 words
  • LATE FILE
    • Article
      Lock icon Japan may scrap building accord
      35 18 Reuter JAPAN may scrap an accord opaninfl its construction projects to foreign bids if Washington blocks outside participation in federal US projects, sccording to Construction Minister Ihei Ochi yesterday. Reuter
      Reuter  -  35 words
    • Article
      Lock icon Hanoi's subsidies take their toll
      36 18 UPI VIETNAM'S national economy has "collapsed" due to huge government subsidies for badly-managed state enterprises snd cooperatives, according to Nguyen Van Linh, secretary general of the Vietnamese Communist Party yesterday. UP!
      UPI  -  36 words
    • Article
      Lock icon Manila coup trial starts
      38 18 AFP A FILIPINO MILITARY court yesterday opened the trial of 130 military officers and men allegedly involved in the bloody failed coup attempt against the government of President Corazon Aquino last Aug 28. AFP
      AFP  -  38 words
    • Article
      Lock icon UAE rejects oil production quota
      51 18 Reuter THE United Arab Emirate* (UAE) has rejected its oil production quota agreed at the Opec meeting on Tueaday as tar too small. Oil Minister Mana Said Al-Oteiba was quoted as saying on Thursday that a figure more than SO per cent higher was reasonable
      Reuter  -  51 words
    • Article
      Lock icon Australian deficit widens
      28 18 AFP AUSTRALIA'S current account deficit widened from US$7OO million a year earlier to US$B5O million in May, according to the Australian Bureau of Statistics yesterday.
      AFP  -  28 words
    • Article
      Lock icon UK May inflation up
      45 18 AP BRITAIN'S annual rata of inflation roee in May from 3.0 per cent to 4.2 per cent, its highest level since October 1087. The Department of Employment yesterday aaid higher clothing and food pricea puahed the Retail Price Index up. AP
      AP  -  45 words
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      44 18 APPOtJTMENT The largest Banking Recruitment Specialist group in Asia is looking for a RECRUITMENT CONSULTANT for its Singapore Office Please apply in confidence to: Jonathan Wren Executive Recruitment Re Ltd 105 Cecil Street #15-03 The Octagon Singapore 0106 Jonathan Wren Executive Recruitment Pte Ltd
      44 words
    • Advertisement
      Page 18 Advertisements Column 2
      24 18 f 9 Levels I 2 Ccntrcpoint.. Orchard Road. Singapore 0923 Tel 734 1800 Open from 10 30 am to 8 30 pm dn ly
      24 words