The Business Times, 25 June 1988
1988-06-25
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The Business Times
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Title Section12 1988-06-25 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, June 25-26 1988 75 CENTS12 words
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Article259 1988-06-25 1 AFP Dow Jones higher THE New York stock market opened slightly higher yesterday morning in subdued trading. The Dow Jones average of 30 industrials was up 4.63 st 2,152.92 by 1430 GMT, one hour into the session. Gainers outnumbered losers by about 5 to 4 on theAFP - 259 words
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517 1988-06-25 1 ANNA TEO - By ANNA TEO IRRECONCILABLE differences between the top two men of Printed Circuits International Pte Ltd, a company of the listed Chuan Hup Holdings Ltd, have led to the sudden exit of one of them. As a result, Chuan Hup, which owns517 words
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Article, Illustration222 1988-06-25 1 REGIONAL stock markets cloeed mixed following Wall Street's slight retreat on Thursday from the post-crash high it achieved the day before. In Singapore, share prices recouped the morning's losses to end a I moot unchanged on moderate volume. The Straits Times Industrial Index cloeed 0.75 point222 words
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416 1988-06-25 1 LEONG WEN WAH - STANCHART SAID TO BE CLAIMING $5m TO $10m By LEONG WEN WAH MALAYSIAN FEEDMILLS Ltd was put into receivership by a creditor bank on Thursday, the day trading in its shares was suspended. Standard Chartered Bank has appointed Messrs Peter Chi and Bobby Chin of Peat416 words
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132 1988-06-25 1 THE US DOLLAR yesterday finished strongly in the Asian markets. The bullish trend of the currency was underpinned by a Tokyo newspaper report that an unnamed US Treasury official had said that Washington viewed the dollar's rise as tolerable and would not take immediate132 words
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Article, Illustration284 1988-06-25 1 LILY FERNANDEZ - By LILY FERNANDEZ IT'S STIRRED some singles to wrath. But the Health Ministry is not unhappy with the effect of its advertising campaign to get Singaporeans to marry and have children. The critical reaction was especially directed at the television ad which showed284 words
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202 1988-06-25 1 Shanghai bank to tap funds in Asian market THE Shanghai-baaed Bank of Communicattona ia coming to the Asian dollar market in Singapore to raise US$lOO million. It haa given Japan's Daiwa Securities the mandate to arrange the iaaue of a five-year bond in Singapore. A senior official of Daiwa Singapore,202 words
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126 1988-06-25 1 AFP A NEW airline. Air China, will replace the Civil Aviation Administration of China (CAAC) for both domestic and international flights on July 1, an official announced in Beijing yesterday Air China will be responsible for its profits snd losaes ss well aaAFP - 126 words
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Page 1 Advertisements
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Advertisement281 1988-06-25 1 Nikon Full report, PAGE 14 Regional Mkts, PAGE 16 World Mkts, PAGE 17 litliC THE DEATH of 10-year-old Kek Chwee Peng is sod beyond words. But that sho died of suidde mokos a few words necessary. Sho sufforod os only the sensitive can suffer: not fust for themselves, bur for281 words
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Advertisement283 1988-06-25 1 Nikon\ Durian, durlan Page 7 I M Trl* Hellish traffic in the city of angels A wine synonymous with majesty Page I Straight talk, gym tips Page Nuta is incurably sane and entertaining Page 10 Weekend programmes; next week's top slots Page 10 lacocca rambles on; Aids devastates Page 11283 words
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HOME NEWS
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Article, Illustration543 1988-06-25 2 LIM SOON NEO - Wanted more slow boats STPB invites proposals to liven up Singapore River with cruises By LIM SOON NEO THE Singapore Tourist Promotion Board wants entrepreneurs to put in more slow boats on the Singapore River as it believes there is a sizeable tourist market to tap. It advertised yesterday in543 words
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Article451 1988-06-25 2 SMALL AND SUCCESSFUL Singapore should not be apologetic about its achievements, or try to rein in its economic growth. But it must assert its sovereignty and right to a place in the world system, according to a leading local political scientist. Associate Professor Chan Heng Chee,451 words
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Article, Illustration382 1988-06-25 2 RECENT controversial issues, including the visit of Israeli President Chaim Herzog and the government policy towards Malays in the armed forces, show that even after 20 years of successful co-existence with its Asean neighbours, Singapore must still work at cultivating mutual trust and goodwill. But382 words
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232 1988-06-25 2 A TWO-DAY CONFERENCE to help companies plan their short- and long-term goals is to be held in August. Business Conference 88, the second of its kind, will provide businesses with the tools needed for such planning. The need for such planning232 words
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Article58 1988-06-25 2 THE SINGAPORE branch of The Sanwa Bank Ltd is funding a US$l9 million guaranteed loan facility to an Indonesian company. Proceeds from the twoyear loan, arranged by the local branch of the Frenchbased bank. Credit Lyonnais, will be used to help finance the operations of PT Clipan58 words
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Article283 1988-06-25 2 TONG SUIT CHEE - By TONG SUIT CHEE THREE DAYS of negotiations between aviation officials from Singapore and the United Kingdom have ended inconclusively. Another round of air talka has been scheduled for November. In the three days of discussions which ended yesterday, government representatives from the two countries283 words
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178 1988-06-25 2 JAPAN should over the next three yeers quickly and efficiently spend the US$2 billion it hes pledged to the Aaean countries with its Asean-Japan Development Fund, the president of the Singapore Federation of Chambers of Commerce and Industry (SFCCI) said yesterday. Mr G Ramachandhran178 words
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Article1025 1988-06-25 2 AT CONVENTIONAL WHARVES VmmI Barth Arrival Departure KEPPEL WHARVES AzeyOti K20 alongside 28 06/0600 Bonglor Urmi K30 alongside 27 06/2300 Concord Ediizen KI6 alongside 26 06/0600 Conti Bovoria KI5 alongside 25 06/0600 Corrtxn K28 alongside 26 06/2300 Fengyi K29 alongside 26 06/2300 J Chelmonsln CIO alongside 2506/18301,025 words
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148 1988-06-25 2 SIX PRE-UNIVERSITY students will represent Singapore for the first time in a prestigious international mathematics competition to be staged next month in Canberra. Australia. Singapore, the third Asian participant after China and Vietnam. is one of more than 50 countries to compete in148 words
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Page 2 Advertisements
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Advertisement126 1988-06-25 2 Jazz up your brunch /u/t& restaurant corner Come for a sumptuous spread of an EastWest Brunch Buffet and be entertained by the talented group JAZZMEN. Having performed on TV recently on the "JAZZCLUB" programme. Steven Rufus with his saxophone. Eddie Jansen with his bass guitar and Tony Zee with his126 words
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Page 2 Miscellaneous
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Miscellaneous87 1988-06-25 2 V/S'' Va City Max/ Note •Mn rc> Montreal 26/17 Rain *ow» 18/16 Roin Nomou 32/25 Cloudy New MM 35/26 Cloudy Now York 26/14 Sunny Nteodo 37/18 door Oilo 26/15 Ooor Port* 26/17 Clear Porlt» 23/16 Cloudy Wo 'Janoiro 27/16 Cloor Rom* 30/13 Sunny Son Fris'co 37/15 Sunny Son juan 32/2487 words
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OVERSEAS
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363 1988-06-25 3 Reuter EUROPEAN Community ministers yesterday concluded a farm price agreement for this year, ending months of deadlock during a surprise late-night meeting. The package, which effectively freezes farm prices for the 1968-89 season, is designed to rein in soaring EC spending onReuter - 363 words
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210 1988-06-25 3 AP AUSTRALIAN Prims Minister Bob Hawke says his country's farmers ere victims of a trans-At-lantic trade war, and US President Ronald Reagan pledges to watch out for Australia's interests while combating European agricultural subsidies. Mr Hawfce, addressing a joint meeting of Congress in WashingtonAP - 210 words
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Article907 1988-06-25 3 ARRIVALS Operator Sorvico Local From number Km* SU SQ103 0950 KLM. CAl a 806 1000 CGK CPA CX710 1015 CGK GU GA960 1100 CGK SU SQ105 1105 KUL HA BI421 1130 IWN TMA TL361 1130 KY/SHJ GU GA7206 1145 HLP SU SO 201 1145 CGK GU GA940907 words
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314 1988-06-25 3 AP A REVISED VERSION of the trade bill vetoed by President Ronald Reagan was introduced in the Senate on Thursday and backers expressed optimism that the measure would reach Reagan's desk this year. Central features of the bill would overhaul the system underAP - 314 words
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273 1988-06-25 3 AP CAMBODIAN resistance leader Prince Norodom Sihanouk said yesterday he will go into peace talks with Vietnam next month with an open mind, but expressed doubts about Hanoi's planned withdrawal of troops from Cambodia. "I'm in favour of dialogue. IAP - 273 words
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Article184 1988-06-25 3 AFP MICHEL ROCARD was officially reappointed the French prime minister on Thursday, leaving his path clear to form his second government since presidential elections on May 8. Former socialist prime minister Laurent Fabius meanwhile won a comfortable victory to oust the incumbent Gaullist notable Jacques Chaban-DelmasAFP - 184 words
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192 1988-06-25 3 AP AFTER-TAX corporate profits fell one per cent in the first quarter of this year, the worst performance in a year, the <JS government said on Thursday. The Commerce Department said after-tax profits dipped to a seasonally adjusted annual rate ofAP - 192 words
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Article, Illustration598 1988-06-25 3 AP THE GOVERNMENT has predicted that the US economy will grow at a faster-than-ex-pected 3 5 per cent rate this year and that inflation will hold steady at 4.3 per cent. A slight increase in interest rates, about a half per cent, was forecast for theAP - 598 words
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Page 3 Advertisements
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Advertisement59 1988-06-25 3 f 1 If I The business person's choice, every I I II 111 I Tuesday, Thursday. Saturday and I I I II \l I I I Sunday. Leaving Changi Airport at I W -/1 JL 22:05 hours and arriving at Lester B Rsorson International Airport the following day. Coll your59 words
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Advertisement6 1988-06-25 3 QUORUM PUIG Eau deToilette for Men.6 words
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Page 3 Miscellaneous
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Miscellaneous40 1988-06-25 3 Doonesbury m it's theuhitb House, DEAR. THEy WANT X) KNOW IF WE'LL BE ATTENPfNG THE WHITECOLLAR, AMNESTY BALL TOMORROW NIGHT. W Wt' TOMORROW* I PONT KNOW, WHAT DO YOU THINK? (VS SUCH A HASSLE GETTING DOWN THERE... BY GARRY TRUDEAU40 words
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MONEY AND EXCHANGES
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Article462 1988-06-25 4 SEPTEMBER Eurodollar futures opened seven ticks lower on Simex yesterday at 92.04 following losses from overnight trading in Chicago. After hitting a low of 92.03 in the September contract, prices recovered to the day's high of 92.12 on a firmer US currency in active trading. Trading remained cautious with462 words
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Article179 1988-06-25 4 MOST IMM currency futures ended modestly higher and near session highs on Thursday after gaining on short covering and technical buying. The market had opened mixed but firmed after mid-morning. Yen and Swiss francs, which had started lower, closed higher, while marks and sterling pared losses substantially. Participants took179 words
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Article179 1988-06-25 4 Gold futures on June 23 100 troy ounces; USS per troy ounce Opon High Low SoW* Jun Jul 446 50 449.50 4-46.50 447.70 -ISO 448.30 -1.70 Aug 450.00 453.10 449 60 450.90 -2.10 Oct 455-50 458.20 455.00 456.20 -2.10 Ok 460.80 463.50 460.00 461.50 -2.10 F»6 89179 words
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Article223 1988-06-25 4 Asian market Reuter ASIAN DOLLAR deposit rates ended unchanged from the morning in thin trade yesterday, dealers said. Rates failed to react in the absence of any new development. Continued uncertainty over US Treasury bond prices and about the dollar's strength depressed trading interest. Reuter us$ OFFER SID 7 doy*Reuter - 223 words
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Article1585 1988-06-25 4 Reuter Reuter SINGAPORE: The US dollar closed sharply firmer yesterday on strong institutional buying interest in line with bullish overseas markets, dealers said. The dollar rose to 129.80/85 yen from New York's 128.55/65 and to 1.7965/75 marks from 1.7850/55. "Operators are now looking at 132 yen and 1.8100Reuter - 1,585 words
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Article50 1988-06-25 4 THE OVERNIGHT rate on the Singapore money market rose to 4 per cent yesterday. One month was unchanged; S$ Interbank rates at the close yester day: OffW MO ONT4 4 1 -mortti 4 3 7/% 2-mor*> 4 1 8 4 3-monrtt 4 3/14 1/16 Overnight mod*: 3 7/850 words
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Article86 1988-06-25 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****H 22.09.88 3.70 3.65 3.69 3.60 6 months BY*****T 24.11.88 3.73 3.68 3.73 3.64 1 year BY*****Z 23.3.89 3.76 3.71 3.74 3.68 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing86 words
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Article, Illustration184 1988-06-25 4 Indicate* the average of the prime lending rate* of 12 major banks In S'por* Interbank market rates (offer/bid) on June 24 us$ DM SWFC Y«n 7 doyt 7 5/« 1/2 7 3/4 5/« 4 3 7/1 2 7/i 3/4 4 3/4 5/S 1 m*> 7 5/8 1/2184 words
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Article1548 1988-06-25 4 CURRENCY FUTURES OPTIONS Friday, June 24, 1988 OCUTSCHCMARK (SNMEX) M 88 ca«s High Low Sod High M 88 pu8t Low Sea M 53A 49 258 21 25 57 858 90 M 2 1758 180 59 2 2758 280 60 CAB 3758 380 Aug 88 caMa Aug 88 puts Mg*1,548 words
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Page 4 Advertisements
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Advertisement9 1988-06-25 4 IB RANQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 01069 words
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BANKING AND FINANCE
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495 1988-06-25 5 Bernama THE ASSOCIATION of Banks in Malaysia on Thursday suggested that a national body be formed to examine implications on private investment due to the large overhang of non-performing loans. Such loans act as a deadweight cost to the financial system, itBernama - 495 words
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240 1988-06-25 5 Bernama THE ASSOCIATION of merchant banks in Malaysia on Thursday called for an urgent review of the various stamp duty provisions, particularly those affecting banking business and other financial transactions. The association, in its memorandum to the treasury at theBernama - 240 words
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Article216 1988-06-25 5 LEONG WEN WAH - By LEONG WEN WAH THE Singapore branch of Nederlandsche Middenstandsbank NV, one of the largest Dutch banks, and NMB Bank (Singapore) Ltd earned a combined net profit of Ssl.4 million last year. NMB Bank (Singapore), a merchant bank with an ACU licence and wholly owned by216 words
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Article70 1988-06-25 5 THE Beijing-owned China International Trust and Investment Corp (Citic) has placed 20 million shares, or 9.1 per cent, of its listed affiliate Ka Wah Bank with the People s Construction Bank of China. A Ka Wah Bank official said the placement price was HK$l.BO per share, giving a70 words
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411 1988-06-25 5 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent THE THREE HOTELS in Marina Square Marina Mandarin, The Oriental and Pan Pacific Singapore are tapping $360 million from the local capital market. Proceeds of the 10-year credit facility, together with additional cash from their shareholders,411 words
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315 1988-06-25 5 AFP THE WORLD BANK announced in Washington on Thursday that its soft loan institute, the International Development Association (IDA), has granted credits totalling US$lO3 million to improve urban services in India and Bangladesh. US$57 million are slated to provide 2.5AFP - 315 words
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104 1988-06-25 5 Reuter THE ASIAN Development Bank (ADB) has approved a loan of 10.83 million SDRs (about US$l4 million) to help Sri Lanka restore schools and other educational facilities damaged by civil disturbances. It said in a statement the concessional loan has a term ofReuter - 104 words
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COMMODITIES
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Article163 1988-06-25 5 Reuter SINGAPORE Rubber prices closed slightly higher yesterday with July 1 RSS buyers price quoted at 265.50 cents/kilo. On the TSR-20 market, prices closed slightly easier. July buyers price closed at 233.50 cents/kilo. MALAYSIA The rubber market closed mixed yesterday. Weekend speculative selling pressure pushed July SMR 20 buyerReuter - 163 words
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Article275 1988-06-25 5 R AS priCOS In S c*nt*/fcg, FOB In b*l*i B NOON CLOSE Bwy*fs Sellers Buyers Sellers bit 1 RS5 Prompt 265.00 267.00N 265.00 267.00N Int 1 RSS July 88 265.00 267.00N 265.50 267.00 bit 1 RSS August 265.00 266.00 265.50 266-50 Int 2 RSS OP 263.50 265.50N275 words
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Article76 1988-06-25 5 (cants/kg) JULY 1988 AUGUST 1988 (current month) (forward month) RAS NOON NOON Bwyan Bwyars S«ll«ri SSI 20 235.00 237.00N 235.00 237.00N ss» so 233.00 235.00N 233.00 235.00N MRELB huyn S*4l*n Ivytn S#ll«rs SM* CV 569.00 571.00N 571.00 573.00N SM* L 572.50 574.50N 574.50 576.50N SMt S 331.5076 words
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Article150 1988-06-25 5 Reuter CONTINUED overseas buying pushed the Kuala Lumpur tin price 6 cents higher to close at M 518.25 a kg yesterday. Trading was moderate. The market noted sustained demand from Europe and locally due to a higher European market. The local premium dropped further over the European spotReuter - 150 words
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Article379 1988-06-25 5 Bernama Reuter Total o/p 01 o» 1 100 hr* 3850 controctv Turnover: 129 V lot* Closing ton*: W«oh MALAYSIAN CRUDE PALM OIL FUTURES finished sharply lower yesterday in choppy trading on the KLCE in line with a continuous limit down close on the Tokyo soybean futures market. I"feavyBernama; Reuter - 379 words
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Article97 1988-06-25 5 THE fundamentals of product oversupply and poor demand, particularly for middle distillates, remained unchanged. The outlook for the spot market continues to be bearish. Closing prices for crude (FOB origin) USI/borr* I Qiango Toph (Jwiyl 16.05 und> Minos (My) 16.20 -0.25 Oubol (Aug) 13 JO ♦ais WM97 words
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Article236 1988-06-25 5 Chinese Produce Exchange Sellers' noon dosing prices on June 24 (SS/100 kg) Coconut oil Bulk FOB 122.00 Old drum FOB 132.00 N«w drum FOB 136.00 Copra Mixed (loose) 70 Pepper Mont ok white FOB NLW 1092.50 Sarawak whit* FOB foq NIW 1077.50 Sarawak special block FOB NLW 650.00236 words
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Article286 1988-06-25 5 London Commodity Exchange Buyer/Seller closing prices on Jun« 23 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee talis in-store London, sellers option CIF London Jul 1112/1113 (1115/1116) High/Low 1117/1110 Sep 1126/1128 (1128/1130) High/Low 1133/1126 Sales (2429) Cocoa Jul 905/907 (891/892) High/Low 910/896 Sep 929/930 (912/913) High/Low 930/919286 words
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Article135 1988-06-25 5 Reuter SOYBEAN futures soared to the expanded 45 cent per bushel upper limit on Thursday morning on the Chicago Board of Trade, then fell steadily to close mostly lower, ranging from down 23-1/2 cents per bushel in August to up 6-1/2 cents in distant November. July settled at U5510.32-1/2Reuter - 135 words
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Article366 1988-06-25 5 Reuter HONGKONG: Gold closed lower yesterday due to the continuing surge of the US dollar. Trading was active as the metal was pushed lower by selling orders from Europe in the afternoon. Bullion ended at U*****.30/80 an ounce against an initial 447.30/70 and compared with New York's closeReuter - 366 words
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Article131 1988-06-25 5 Reuter SOFT red winter (SRW) wheat futures backed away from an early attempt on the Chicago Board of Trade on Thursday to penetrate technical resistance around the contract highs to close mostly lower in a fast market. Prices were down 6-1/2 cents per bushel in March to unchanged inReuter - 131 words
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PERSPECTIVE
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Article524 1988-06-25 6 KEK CHWEE PENG was an obedient, unobtrusive and likeable 10-year-old. One morning in March, she had a quarrel with her elder brother, as all little sisters do. That quarrel led to a fight, which is nothing surprising, too. But soon, Kek had hanged herself, with a524 words
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Article, Illustration1119 1988-06-25 6 GERALDINE NORMAN - With rising art market prices, art smuggling is on the increase. Even organised crime is joining in to spirit away treasures ranging from old paintings to illicitly excavated antiquities. GERALDINE NORMAN, writing for BT from London, describes how art smuggling is being viewed1,119 words
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347 1988-06-25 6 Chua Chap Jee - Letters to the Editor Chua Chap Jee Head, Department of Business Studies and Accountancy, Ngee Ann Polytechnic Door Sir We write in response to the article on May 24 by Alvin Tay who estimated a shortage of more than 300 junior staff347 words
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Article, Illustration120 1988-06-25 6 Dear Sir Pan-Electric went down in 1985. Where do we stand today? (1) There is no calling of creditors. (2) No committee of inspection has been set up. (3) The banks probably get periodic reports on the progress of liquidation. Why shouldn't the other120 words
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138 1988-06-25 6 Dear Sir The present electronicallyoperated main board showing share prices at the ninth storey of Hong Leong Building will no longer exist when the Stock Exchange of Singapore's trading room operates at the OUB Centre from next month. This will deprive138 words
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112 1988-06-25 6 Olga de Souza - Olga de Souza Dear Sir I was indignant reading the article on the Japanese Noh performance in BT on June 20. The writer stresses that it is not a review and admits ignorance of this particular form of art. Yet she does not hesitate112 words
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192 1988-06-25 6 R Mortis - R Mortis Dear Sir The idea of a second Causeway and at Tuas is a good one. Jalan Ahmad Ibrahim, with Ayer Rajah, is now an uninterrupted expressway into the city and beyond to Changi Airport. A second causeway would create in time192 words
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Article76 1988-06-25 6 Dear Sir I have always looked forward to reading Jaime Lye. But June 20's non review of Noh surpasses all her previous articles. It is a real gem. Just imagine what a scream it will be if she is sent to cover our parliamentary76 words
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Page 6 Advertisements
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Advertisement44 1988-06-25 6 BT welcomes letter* from readers. Your letters must include your signature, full name, address, and home and office telephone numbers, if any. You may add 3 pseudonym, if you wish. Address your letters to: The Editor, Business Times, 390, Kim Seng Road, Singapore 0923.44 words
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Page 6 Miscellaneous
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Miscellaneous793 1988-06-25 6 CRYPTIC PUZZLE ACROSS 9 It's for sinners who itch to repent (4, 5) 10 That tie was knotted by me, then (2. 3, 4) 12 Want one beheaded: the chief (4) 13 In the code I broke, figure it means 'meek' (6) 14 Give a coat, in turn, to mum793 words
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Executive Lifestyle
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Article348 1988-06-25 7 DIRTY TOILETS must be one of the hottest conversation topics in town this week. On a related subject, the former owner of a bright green (Kermit-coloured) car reported that her car used to attract lots of bird droppings and, incidentally, a few road accidents. Now that348 words
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Article, Illustration719 1988-06-25 7 JAIME LYE - By JAIME LYE BEHOLD, oh green spiked wonder. How doth the unschooled foreigner belittle thee so. Does he not know, wretched creature from his forsaken land, that thou art king of thy species? Doth he not know the innate power wielded by thy mighty thorns? What other force719 words
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Article, Illustration673 1988-06-25 7 LOH HUI YIN - T vU'C*--* With I LOH HUI YIN IT IS CALLED the city of angels. But Bangkok may well be a place where those very angels fear to tread. Those brave enough to venture forth could have their wings clipped by the city's infamous traffic673 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration747 1988-06-25 8 N K YONG - Offline d By N K YONG FOR THE CLARET lover. Chateau Latour is synonymous with power, majesty, and legendary longevity. One of the original First Growths (Premier Crus) in the 1855 classification of Bordeaux, it has never slipped from its premier position. Indeed, in the747 words
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Article, Illustration668 1988-06-25 9 RICHARD SEAH - HEALTH By RICHARD SEAH THE THINKER is a slouch. This Rodin sculpture sits with a curved back. And so do most of us, to greater or lesser degrees. I used to slouch like an 'S'. That letter of the alphabet aptly traced my side profile.668 words
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450 1988-06-25 9 GALEN CHAY - By GALEN CHAY BEING FIRST GREETED by an array of complicated machines on entering a gym must be a perplexing experience for the enthusiastic beginner. Multi and single station weight machines, hydraulic machines which replace weight with air resistance, racks of domineering dumb bells450 words
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Article1196 1988-06-25 9 Sakina Dhllawala - Compiled by Sakina Dhllawala ARTS FESTIVAL: Fool For Love. Bpm. WTC Auditorium. A Sam Shepard play performed by Magic Theatre from the US. Tickets sold out. Jazz Junction. Bpm. Singapore Conference Hall. Featuring Jeremy Monteiro, Eldee Young, Redd Holt and Sadli Ali. Tickets at $5, $10, $15, $20 still1,196 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration516 1988-06-25 11 CHUANG PECK MING - BOOKS By CHUANG PECK MING TALKING STRAIGHT By Lee lacocca with Sonny KleinfiekJ Bantam, 324 pages $39.90 TWICE ON THE SAME DAY, while reading Talking Straight on the bus, I missed my stop. In fact, so engaging was Lee lacocca that I finished516 words
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Article367 1988-06-25 11 Chuang Pack Ming - *>y Chuang Pack Ming AND THE BAND PLAYED ON By Randy Shifts Penguin, 630 pages $43 EIGHT YEARS AGO, when the biggest gathering of homosexuals turned up in San Francisco for Gay Freedom Week, the local blood bank sent their mobile collection vans to the event. They367 words
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Article, Illustration389 1988-06-25 11 CLAIRE LEOW - DANCE By CLAIRE LEOW A DANCE CHOREOGRAPHER sitting beside me was muttering something about modern dance. "Modern dance is an attitude. It teases the psyche and explores new frontiers. You can't judge it on something familiar, like ballet with its petite moves and pirouettes."389 words
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Article, Illustration680 1988-06-25 11 Roger Loh - J' Roger Loh HE IS THE FIRST cult of the electric guitar. In celebrating his 25th anniversary, Croaaroada (Polydor) is designed to become Eric Clapton's magnum opua. More importantly, it is a labour of love. To put it succinctly, Clapton has always been at the crossroads.680 words
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Executive Lifestyle: Sports
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Article, Illustration813 1988-06-25 12 BARRY WOOD - TENNIS By BARRY WOOD JOHN MCENROE'S Wimbledon dream was left shattered by Wally Masur on Thursday night as the unfancied Australian dismissed the number eight seed 7-5 7-6 6-3 in the first major upset of the championships. The fact that the victim was McEnroe813 words
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667 1988-06-25 12 JEROME FANDOR - on TMCK With JEROME FANDOR TWO HORSES will be looking to extend their unbeaten records today at the first day of the Singapore Gold Cup meeting at BuKit Timah. Toll The Bell II has run just twice, winning over 1200 m and 1600 m667 words
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250 1988-06-25 12 SAILING AP BENGAL 111 of Japan and Kookaburra 111 of Australia split Thursday's first two fleet races and shared the overall lead in the World 12-meter Yachting Championships. Bengal 111, with a Japa-nese-Australian crew skippered by Aussie Skip Lissiman. led all theAP - 250 words
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Article, Illustration435 1988-06-25 12 CHARLES SAVAGE - BIG WALK By CHARLES SAVAGE MALAYSIAN speedster T Siva Kumar is expected to win the first Sunday Times/Shin Mm Big Walk tomorrow morning, but a fierce three-cornered fight is expected for the best-placed local walker. None of the local435 words
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431 1988-06-25 12 SOCCER AFP IT IS ALMOST impossible to imagine the Soviet Union losing to the Netherlands in the final of the European Championships here on Saturday. Despite the mercurial skills of Ruud Gullit, the stabilising influence of Ronald Koeman and the opportunism of Marco van BastenAFP - 431 words
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Article, Illustration673 1988-06-25 12 BOXING UPI ON TUESDAY morning, barring an unlikely draw, either Mike Tyson or Michael Spinks will remember what it feels like to be a loser. Neither has experienced the sensation as a pro, which is the biggest reason theyUPI - 673 words
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273 1988-06-25 12 Reuter LARRY HOLMES'S former trainer, Richie Giachetti, who saw his fighter lose twice to Spinks and once to Tyson, says Spinks will fail to take Tyson's undisputed heavyweight title on Monday night. Spinks is a loser, Giachetti told Reuter in New Jersey onReuter - 273 words
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Executive Lifestyle: Personal Investment
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739 1988-06-25 13 Rameah Chandiramani - BEannEFrs CDRflER by Rameah Chandiramani MANY INVESTORS are in a state of limbo, lost between what they ought to be doing and what they actually aren't doing in the stock market reinvesting for recovery and profit. And who can blame them?739 words
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Article, Illustration438 1988-06-25 13 RC - >4swr -by RC THERE CAN NOW be no doubt in anyone's mind that we are in a new bull market. Since the Straits Times Industrial Index convincingly broke through its 200-day moving average a fortnight ago, the market has continued to sail effortlesslySource: Investamatic - 438 words
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421 1988-06-25 13 ART TRADE Sothmby'a Research Dept THE MAIN EVENT of the past week was the major series of sales traditionally held in Monaco by the main international auction houses. These included Old Master and 19th Century European paintings, decorative arts, Continental furniture and ChineseSothmby'a Research Dept - 421 words
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Article, Illustration742 1988-06-25 13 RAMESH CHANDIRAMANI - WALL STREET By RAMESH CHANDIRAMANI Special Correspondent IS THERE a new trend unfolding on Wall Street? In the past two weeks, the Dow Jones Industrial Index has made some startling upside moves to new post-crash highs, a powerful indication that a newSource: Chartamatic - 742 words
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263 1988-06-25 13 COMPETITIONS STOCKBROKER Paul Morgan Associates has further widened its lead over the other eight participants in the Great Investment Race a financial competition being played by banks and securities firms for charity. Since the race began on May 14, Paul Morgan has263 words
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514 1988-06-25 13 NYT ON WEDNESDAY morning, trading rooms all over Wall Street buzzed with the rumour that Nomura Securities International had told its customers to sell Japanese stocks and to buy in the US market. The reports turned out to be false, and Nomura officialsNYT - 514 words
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Article, Illustration678 1988-06-25 13 MAGDALENE NG - INTERVIEWS By MAGDALENE NG THE NEW floor trading system at the Stock Exchange of Singapore will come into operation on July 1. However, investors are still uncertain about how the new system will affect them. Mr Paul Phillips, data processing manager at678 words
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Page 7 Advertisements
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Advertisement124 1988-06-25 7 Since 1735 there has never been A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE mm ■Vf ■< ;.v< r W A'' A t r" v IrSF* il2£as& mm s m mt m ■■it *> n':" 4 H u. Y i.-» .1?. BlancpaiN Faithful to the traditional art of watchmaking,124 words
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Page 8 Advertisements
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Advertisement831 1988-06-25 8 COURyOISIERXO -WHERE T€ C4T,DKINr MING PALACE OR POOLSIDE STEAMBOAT V AA r Bring your family and friends and enjoy our steamboat buffet dinner laden with fresh prawns, succulent seafood, fresh vegetables, eggs and noodles. Cook up a steaming hot, mouthwatering meal... mmm then take a second helping or more. Share831 words
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Advertisement121 1988-06-25 8 Feast fit for the Queen Tuck into the best of British cooking fron June 1 to 30. With Melton Mowbray pie, Fish 'n chips, Prawns in Whisky, Stewed rabbit casserole, North sea cod fillet, Beef Wellington, English trifle and Oxford lardy cake. Over 60 British favourites for just ><* #-r121 words
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Page 9 Advertisements
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Advertisement225 1988-06-25 9 lENTIECTAIIN 4 w (fetal A 4 Sunday Brunch: A great family outing If s a wonderful way to combine a late breakfast wfth 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, fruit225 words
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Advertisement283 1988-06-25 9 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM For between $26+ and $40+ I ou can se ect fr° m our appetiser LjKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And283 words
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Advertisement31 1988-06-25 9 r xo COURyOISIER COGNAC Dw annfc* v»«Jl IMelnent m fors d* chfrw ont fe* pour U subtil« ce Cognac **oouct of n •V r «6*X) ,*> S*>opp y 9 xo COURYOISIER COGNAC31 words
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Page 10 Miscellaneous
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Miscellaneous1626 1988-06-25 10 SLOTS TO WATCH Peter Sellers and Cheech and Chong Intimate Contact Part K sees the AIDS sufferer, Clive Gregory, discovering that he can still help other victims. He also gains new respect for his wife, Ruth, as she grows more self-assured and begins a campaign to overcome public ignorance of1,626 words
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Miscellaneous1781 1988-06-25 10 CINEMA In a nutshell, Nuts is deliciously sane By LAWRENCE TAN IT ISN'T HARD to see why Barbra Streisand went nuts about Nuts, but maybe she wasn't nuts enough not to call Nuts Nuts. If she had not called Nuts Nuts, then people might have thought she was being more1,781 words
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Page 11 Advertisements
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Advertisement321 1988-06-25 11 YARD 4 Wt BEDSfTTER UTILITY BATH y BATH C LU KITCHEN BAI EJ c STORE > BEDROOM a OXO i_ ROOM [r TV. AREA E o D g bmrmfiß j DINING ROOM BATH I MASTER BtDROOM LIVING ROOM BEDROOM 2 <2 R •I I3J Ilfl BH)ROOM2 i V V ririnnm321 words
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Page 12 Advertisements
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Advertisement69 1988-06-25 12 f GET DOWN TO RESORT WEAR AND WIN ATRIP* DOWN UNDER. Here's your chance to W| win a holiday to the Great Barrier Reef, Australia. For every $250 you spend at our Resortwear Shop, you will receive our lucky draw voucher. From 1 June to 9 July 1988. Hp torn69 words
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Page 13 Advertisements
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Advertisement68 1988-06-25 13 WE'LL BOWL YOU FOR SIX GJ3 13/ a GLTE3E CZJT73 CVBiejc3 era SIX N£W MENUS SPLENDID! The Inn of Happiness scores again with six absolutely splendid mentis. Eaeh an exciting and tasty combination for a truly satisfying meal. From $28+ for two persons to $338+ for ten persons. m HIUTOM68 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4944 1988-06-25 14 SHARE PRICES recovered from some profit-taking in the morning to close almost unchanged on moderately active trading yesterday. Early uneasiness due to the uncertain Wall Street sentiment prompted investors to consolidate recent gains but the last trading hour saw a resurgence of buying for4,944 words
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COMPANY NEWS
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429 1988-06-25 15 LISA LEE - By LISA LEE AFTER its proposed deal to buy Serene Centre fell through last year, the diversified Hwa Hong Corporation is now set to buy the Seiclene House for $7.5 million. Property sources say that the group has reached in-principle429 words
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Article113 1988-06-25 15 THE STOCK EXCHANGE of Singapore will do away with the daily 15-minute tea break from 11am to 11.15 am when trading moves over to the new floor at the OUB Centre next Friday. The move will see the end of the big electronic113 words
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290 1988-06-25 15 BUSINESSMAN Allan Ng, facing a charge of insider trading that could send him to jail for seven years, yesterday failed in his efforts to get more details on the charge from the state prosecutor. A judgment delivered by Senior District Judge E C290 words
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Article4732 1988-06-25 15 BID and offer prices officially' listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".4,732 words
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Article582 1988-06-25 15 AMY BALAN - Move expected to bring in $151.2 mill ion cash By AMY BALAN SOFT drinks giant Fraser and Neave has announced a two-for-five rights issue to raise $151.2 million on the back of interim results showing a 15 per cent rise in after-tax profits. The582 words
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251 1988-06-25 15 OVERSEA-CHINESE Banking Corp Ltd, financial adviser to the Bonvests group, has issued a formal notice of takeover to Tonhow Industries Ltd on behalf of the group. Bonvests through its whollyowned subsidiary, BHL Investments Pte Ltd. is offering $1.18 for all the ordinary shares it251 words
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167 1988-06-25 15 MBT JACK C HIA Enterprises (Malaysia) has recorded a two per cent increase in group profit after tax to Ms 2. 38 million for the year ended Aarch 31 1988. How »ver, group pre-tax profit of Ms3.i 3 million was 29 per centMBT - 167 words
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Page 15 Advertisements
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Advertisement1300 1988-06-25 15 Q J/V: Vi.-. *3 r V, FOgWtMtDOVBSEACgHXTI IMTED (Incorporated tn Singapore) «W*3hjk •>. '< -'f -V •>; V^O a *>, m» >m BALANCE SHEET 31 December 1987 Nets I*7 SS I 43 569 296 SJIO6 1 59 966 FIXED ASSETS STATUTORY DEPOSIT Witty the Monetary Authority ot Singapore CURRENT ASSETS1,300 words
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REGIONAL MARKETS
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361 1988-06-25 16 Reuter THE BROKEN HILL Pty Co Ltd said it lifted net profit 14.6 per cent for the year to May 31 despite a sharply higher Australian dollar and the costs of a As 2 1 billion share buy-back. BHP reported net profit of AReuter - 361 words
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Article4034 1988-06-25 16 THE Kuala Lumpur stock market finished mixed yesterday as bargain-hunting alternated with profit-taking in lethargic trading. Price changes were minimal either way. A dealer described the market as dead with hardly any activity at all. However, most blue chips and plantation stocks held steady. Tin4,034 words
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Article77 1988-06-25 16 Reuter ISETAN Co Ltd expects net profit to rise to 5.4 billion yen in the year ending Nov 30. 1988 from 4.92 billion yen a year earlier, the department store chain operator said in a statement in Tokyo. Isetan forecast current profit will increase to 12.8 billion inReuter - 77 words
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Article188 1988-06-25 16 Hotel Royal Limited: 19th AGM at Room 1522, Royal Suite, 15th Storey, Hotel Royal. 36 Newton Road. Singapore 1130, today at noon. Jurong Engineering Limited: AGM at Minto Room. 4th Floor. Westin Plaza, 2 Stamford Road, Singapore 0617, today at 12.30pm. Jurong Shipyard Limited: 25th AGM at Westin188 words
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Article1382 1988-06-25 16 Hongkong HONGKONG share prices closed slightly lower yesterday after a day of active two-way trading, brokers said. The Hang Seng Index fell 4.68 to 2,707.56 while the broader based Hong Kong Index fell 3.63 to 1,791.77. Turnover remained relatively high at HKJI.23 billion compared with Thursday's HK$l.591,382 words
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Article117 1988-06-25 16 JUNE 24 Cheil Sugar WON ***** ***** 1unch 700 Kai Kangwon Ind Kia Motor Kolon Ind ***** ***** ***** ***** 100 100 -100 -300 Daewoo Corp Daewoo Heavy Datshin Securities Dong Ah Ptiar Dong Suh Stock Dongbu Steel ***** ***** ***** ***** ***** ***** ***** -100 100 -100 unch117 words
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Article511 1988-06-25 16 Reuter TOKYO share prices closed mixed yesterday in active trade after limited bargain hunting, but a mood of caution about the dollar hung over the market. brokers said. "If the yen weakens, this fans fears of inflation, and in turn rising interest rates, which worries investors most," said aReuter - 511 words
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Article479 1988-06-25 16 Reuter THE Australian share market yesterday fell to its lowest close of the week on nervous selling as an early slump in the resource sector spread to leading industrials. Resource stocks opened weaker after a fall in gold and base metal prices. However, brokers said much of the sellingReuter - 479 words
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Article160 1988-06-25 16 Reuter THE SECURITIES Exchange of Thailand Index fell 4.41 to 454.05 yesterday on a turnover of 11,311.452 shares worth 571.44 million baht. JOm M BAMT Ao Kham Thai 402 >14 Ayudhya lr*va*«mant 436 -4 Bangkok Agro-lnd 138 157 -2 2 Bangkok Bank Bank Ol Ayudhya 366 -3 Charoong ThaiReuter - 160 words
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Article260 1988-06-25 16 JUNE 34 All Sincere Indus NT S 695 •7 50 SO 00 -05 -0 15 -6 Kuochan Daw Laa Chang Yuan Cham indue 63 00 62 50 60 50 -15 -05 05 106 00 -6 Nan Ya Plaa 66 00 -2 5 515 00 -20 75 50 -2 Cheng260 words
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Article75 1988-06-25 16 Reuter FIRST PACIFIC Co (FPC). a new holding company for the First Pacific group, has forecast earnings per share of 2.55 US cents and a dividend of 0.45 US cents for calendar 1988. First Pacific said in a prospectus that it proposes the merging of First PacificReuter - 75 words
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WORLD MARKETS
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1036 1988-06-25 17 New York Reuter WALL STREET stocks closed slightly lower on Thursday while investors took a well-earned rest after Wednesday s sharp rally, market analysts said. "Thursday was more or less a digestive day for the market,'' said Mr Eugene Peroni, chief technical analyst forReuter - 1,036 words
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Article1020 1988-06-25 17 London Reuter LONDON SHARES opened easier across a broad front yesterday with market makers pushing prices down in response to the dull closing on Wall Street on Thursday, dealers said. "We've had a good run this week so when Wall Street ran out of steam on Thursday,Reuter - 1,020 words
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Article1163 1988-06-25 17 Selected indices HONGKONG Hongkong Index Fridoy 1.791 77 Thursdoy 1.795 40 Week ago 1.783 75 Hang Seng Index Friday 2.707 56 Thursday 2.***** vVeek ago 2.693 50 All Industrials Friday 2.4877 Thursday 2421 8 Week ogo 2.5278 NEW YORK Dow Jones Thursday 2.***** Wednesday 2.***** Week ago 2.131 40 TOKYO1,163 words
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Article125 1988-06-25 17 AFP THE BRITISH hotels and food group Grand Metropolitan is to sell its two US soft drink subsidiaries to the Pepsico group for US$7O5 million, the British group. The sale of the units. Atlantic Soft Drink Company, based in South Carolina. and Pepsi ColaAFP - 125 words
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Article125 1988-06-25 17 UPI THE BF GOODRICH company, America's thirdlargest tyre maker before merging its tyre operations with Uniroyal in 1986. has pulled out of the tyre business by selling its interest in the joint venture. Goodrich completed the deal announced in December to sell its 50 perUPI - 125 words
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556 1988-06-25 17 Committee to extend some expiring tax incentives NYT THE US HOUSE Ways and Means Committee on Thursday agreed to give mutual fund shareowners a permanent reprieve from a 1966 tax law provision that threatened to cause millions of them to pay higher taxNYT - 556 words
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645 1988-06-25 17 FT A FORGOTTEN rivalry stretching back almost 100 years is threatening to upstage Perrier, the world's biggest producer ot mineral water and conqueror of the US and Britain, right on its own doorstep. The French world leader in mineral water has run into almostFT - 645 words
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Article195 1988-06-25 17 Reuter THE LONDON Stock Exchange said it plans to introduce automatic trading in transactions involving up to 1,000 shares of leading companies from Nov 28, 1968 An enhancement of the Stock Exchange Automated Quotation System (SEAQ) will allow brokers to obtain automatically the bestReuter - 195 words
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Article80 1988-06-25 17 Reuter UNION CARBIDE Corp said its board endorsed a management recommendation to structure its three worldwide businesses into separately incorporated companies with the parent Union Carbide operating as a holding company. In a statement. Carbide said implementation of part of the plan would be subject toReuter - 80 words
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608 1988-06-25 17 FT EUROPE'S most spectacular hostile takeover battle came to a definitive close yesterday morning in Brussels when Carlo De Benedetti, the Italian entrepreneur, announced that he was selling for around US$l billion more than half his share stake in Societe Generale de BelgiqueFT - 608 words
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282 1988-06-25 17 UPI AMERICAN SUZUKI Motor Corp. battling criticism that its four-wheel drive Samurai was unsafe, met on Thursday with lawyers for the states of Texas and Missouri and provided documents that it hoped would stave off possible suits by the attorneys general in five states AlsoUPI - 282 words
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Page 17 Advertisements
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Advertisement7 1988-06-25 17 Paris and Stockholm prices were not available7 words
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Advertisement476 1988-06-25 17 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP 50 ANO IN THE MATTER OF SYSTEMS-INN COMPUTERS (S) PTE LTD (In Vtofuntary LiqukMHon) WMCMNGUP At an Exiraortftnary GenerM Meehng of the membari oI SYSTEMS-INN COM PUTERS <S) PTE UtX duly corwened and hatd m 1 North Bridge Road. #19-07*06, High476 words
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393 1988-06-25 18 WILLIAM CHIA - Understanding problems faced by government By WILLIAM CHIA THE Singapore Armed Forces Reservists Association (Safra) should consider introducing policy gaming for reservists, said the First Deputy Prime Minister and Minister of Defence Goh Chok Tong. Mr Goh, who was speaking at the opening of393 words
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413 1988-06-25 18 UPI THE US ambassador in Beijing has said that the US will speed up liberalisation of high technology sales to China, a process stopped late last year in retaliation against Chinese arms sales to Iran. Ambassador Winston Lord, speakingUPI - 413 words
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Article, Illustration253 1988-06-25 18 AFP CHINESE Communist Party general secretary Zhao Ziyang has defended the policy of coastal development during a visit to two interior provinces, saying it will stimulate development elsewhere. "The growth of coastal areas will surely stimulate the development of other parts of China," the official ChineseAFP - 253 words
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133 1988-06-25 18 Reuter INDIAN Prime Minister Rajiv Gandhi yesterday dismissed two state chief ministers, and a government spokesman said he had called Finance Minister Narain Dutt Tiwari home from London. The announcement immediately triggered speculation of a cabinet reshuffle. Mr Tiwari is from llttar Pradesh, the politicallyReuter - 133 words
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261 1988-06-25 18 AFP JAPAN PLANS to set up an investment company to help developing countries boost exports and earn foreign currency to pay their debts, Keidanren officials said in Tokyo yesterday. The new investment company is based on a proposal called the "Japanese MarshallAFP - 261 words
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COMPANY BRIEFS
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Article74 1988-06-25 18 THE LISTING and quotation of City Developments Ltd's (COL) rights issue of 79.64 million new shares of $0.50 each at $1.50 per new share have been approved by the Stock Exchange of Singapore and the Capital Issues Committee of Malaysia. The register will be closed from74 words
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Article48 1988-06-25 18 PNB sells stake In High Low PERMODALAN NASIONAL Bhd is left with 4,000 shares in Highlands Lowlands Bhd after selling 600,000 shares at M 52.74 each to Pemegang Amanah Raya Malaysia Sekim Amanah Saham Nasional, which now owns 43.31 million shares or 14.33 per cent in the company.48 words
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38 1988-06-25 18 DBS Bank's wholly-owned subsidiary DBS Card Centre Pte Ltd has increased its issued and paid-up capital from $150,000 to $2.3 million shares with the issue of 2.15 million new shares at $1 each.38 words
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Article59 1988-06-25 18 UNITED MARITIME Management Co Re Ltd has sold 70,000 shares in Wah Chang Electro Plating Ltd for $06,100 or $0.94 each, bringing its stake down to 10,544,000 shares or 70.29 per cent (70.76 per cent). Directors Ho Rih Hwa, Ho Lien Fung and59 words
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284 1988-06-25 18 Reuter HONGKONG Air Cargo Terminals Ltd's decision to build a second air cargo terminal at Hongkong's Kai Tak Airport ia a clear aign that plana to build a new airport are being delayed, atock analysts said. They said, authoritiea are unlikelyReuter - 284 words
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107 1988-06-25 18 Reuter CANADA and Hongkong signed an air services agreement yesterday which will continue after 1997, when the British colony reverts to Chinese rule. The last agreement, signed by Britain on Hongkong's behalf, expired in September last year. Air Canada and Cathay Pacific Airways haveReuter - 107 words
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213 1988-06-25 18 Reuter SINGAPORE Prime Minister Lee Kuan Yew will visit South Korea and Japan next month to familiarise himself with their economic progress. Diplomats said in Singapore yeeterday that Mr Lee would visit South Korea for three days from July 5Reuter - 213 words
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Article108 1988-06-25 18 Coopers appoints Lee Lee LAW FIRM Lee Lee has been appointed by auditors Coopers and Lybrand to represent it in a $106 million suit filed by Pan-El's liquidators, the Chinese daily Limn he Zeobeo reported yesterday. The suit against Coopers is filed by Pan-El's liquidators Price Waterhouse through Shook Lin108 words
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503 1988-06-25 18 UPI THE US yesterday announced that it was moving six military units out of its bases in the Philippines even as two Philippine service commanders assumed overall command of the bases vowing to maintain the "trust and friendship" of theirUPI - 503 words
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Article83 1988-06-25 18 AFP THE PHILIPPINE peso plunged to its lowest level in slmost two-and-a-half years yesterday, settling st 21 pesos to the US dollar, down from 20.962 on Thursday, the Banker's Association of the Philippines said. The peso had been hovering ■round 20.9 since May and stoodAFP - 83 words
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Article104 1988-06-25 18 COMEX gold futures softened on fresh selling against the dollar's early firmness yesterday. The metal was also closing in on some important technical support areas in early trading. August gold lost US$4.9O at U*****.00 an ounce, which was near the double low of U*****.50 set in104 words
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LATE FILE
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Article53 1988-06-25 18 AFP SWISS food group Neetle bought Jacob* Suchard's 30 per cent holding in Brttteb confectioner Rowntree yesterday, the BBC announced in London. That gives Nestle SO per cent of the Rowntree share capital. The Rowntree Board of Directors has accepted Nestle s bid forAFP - 53 words
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Article56 1988-06-25 18 AFP THE Eaat German national airline Interflug signed a contract in Toulouee yesterday for the purchase of three Airbus A-310-300 airliners at a unit price of 75 million Deutsche marks (more than US$4O tnillion). It marks the first order for Airbue from a member ofAFP - 56 words
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Article55 1988-06-25 18 Reuter NATO ha* established a new multi-national force to defend Ha northern (tank, a decision hailed by Norway yesterday as a strengthening of the alliance's commitment to the country. The decision marks the first time that Oak) has sgrsed to sllow Qsrmsn combat troopa into NorwayReuter - 55 words
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Article41 1988-06-25 18 Reuter ANTI-GOVERNMENT proteet is spreading through Burme end police in the capital of Rangoon yeeterday dislodged students from the nation's holiest Buddhist shrine whsrs thsy had set up a "strike centre". Western diplomats said in Bangkok yeeterday. ReuterReuter - 41 words
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65 1988-06-25 18 AFP AT leaat 30 people have been injured in clashes between rival Buddhist monks snd their followers, throwing stones and wielding eticks snd iron pipss, press reports in Seoul said yesterday. Hundreds of windows were broken snd equipment ineide Pongun Temple wes smashed duringAFP - 65 words
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Page 18 Advertisements
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Advertisement32 1988-06-25 18 We lemte the business to you. Leave the sleep to us. You re ratted to come he or o*o «alert>eds for up to hours n our prtorte rooms and experience vlil \fb32 words
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Advertisement160 1988-06-25 18 5 V V fa > < -Vf m m v, •w i #i>#2 ¥< P#^ k x i IBwfe*p> 4rf**4t !'Burberry's? V? ~V /Wiuryo' Dealer*: DAIMARU ISETAN -HA \TJjOCK. ORCHARD LE CLASSIQIfc METRO GRAND LUCKY PLAZA ROBINSONS SOGO FAR EAST REPTILE HOi'SE FJ BENJAMIN CHANG/ AIRPORT GRAND CLASSIC HAUETS DEPARTMENT160 words
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