The Business Times, 16 July 1988

Microfilm: NL16221
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, July 16-17 1988 75 CENTS
    12 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    268 1 AFP Dow dips BLUE CHIPS on Wall Street turned lower in early trading yesterday after failing to sustain a moderate gain encouraged by the marginally better than expected May trade deficit of US$10.93 billion. Traders said nervousness about the expiration of July options was scaring away some
    AFP  -  268 words
  • Article
    Greenback rises in response to US trade figures
    117 1 THE DOLLAR, which has recovered sharply from historic lows in January, moved higher yesterday in reaction to a smaller-than-expected widening of the US May trade deficit. Despite its rally, it remains 45 per cent down against the mark and almost 50 per
    117 words
  • Article, Illustration
    Show that will introduce 20 new cars
    222 1  -  By JEFFREY TSANG THE PORSCHE 959 costs $1.8 million. But it won't be the most valuable car at the Singapore Motor Show which opens at the World Trade Centre on Wednesday. There will be a range of one-of-a-kind cars which are priceless because
    222 words
  • Article, Illustration
    Share prices continue to rise
    228 1 SHARE PRICES continued their rise on the Singapore stock market yesterday on active bargain hunting. Turnover was the highest since the start of the new trading system. Market sentiment was apparently aided by higher Wall Street prices after the US stock market shrugged off a
    228 words
  • Article
    BG sees floorless trading as next step for exchange
    401 1  -  Domestic capital market still not truly sophisticated By ELAINE KOH DESPITE PASSING the Pan-Elec-tric "test of fire" with flying colours, the revamped Stock Exchange of Singapore has some way to go in building up a sophisticated capital market, said Brigadier-General (Res)
    401 words
  • Article
    Pillay sees dynamic future for stockbroking industry
    208 1 MR J Y PILLAY, managing director of the Monetary Authority of Singapore, envisages a future where Singapore will be the home of a dynamic international stockbroking industry linked to other internationally-oriented securities trading centres worldwide and operating 24 hours. Speaking at the Stock
    208 words
  • Article
    Stick to NWC guidelines, says employer body
    484 1  -  By ANNA TEO EMPLOYERS, including those facing severe worker shortage, must observe National Wages Council guidelines on wage increases, says the Singapore National Employers Federation. Companies with flexible wage systems should not go into any re-negotiations with unions to pay more than what
    484 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      275 1 Nikon Tho Wortd't FH»st PftotnpMc Spsto* Full reports, PAGE 14 Regional Mfcts, PAGE 16 Work) Mkts, PAGE 17 LITERATURE, or any of the other arts, cannot destroy hope because If hope is gone, there remains only the formlessness of chaos, and all art Is a protest against chaos. LEADER, Page
      275 words
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      Page 1 Advertisements Column 2
      233 1 Nikon Tbt Mtortt's MbMf W>o<i|r»>lt Sywtmm ExtCisX*i/C V f:i W r. a i p ,?v f r 4< •*<> R Paradise Page 7 M ill TpM The trauma of reaching 30 Page 7 What's in a microwave? Page 9 Eating through three hours Page 9 When a cop and a
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  • HOME NEWS
    • Article, Illustration
      Conner Peripherals speeds up expansion
      562 2  -  By JEFFREY TSANG WHILE SOME of the larger disk drive manufacturers in Singapore are said to be rationalising operations, Conner Peripherals, a relative newcomer, is accelerating its expansion plans. Demand has been so great for its 314-inch disk drives that the company will expand its
      562 words
    • Article
      'Free press a vital part of democracy'
      388 2  -  By MARTIN SOONG RESPONSIBILITY is a dirty word for Howard Simons, the man who let go the reins on muck-raking aces Bob Woodward and Carl Bernstein, the Washington Post reporters who broke the Watergate scandal, and broke new ground in investigative reporting, more
      388 words
    • Article
      BG Lee visiting Malaysia
      154 2 BRIGADIER-GENERAL (Res) Lee Hsien Loong, the Minister for Trade and Industry and Second Minister for Defence (Services), will meet his Malaysian counterparts in Kuala Lumpur next week. He leaves for the twoday trip on Tuesday. BG Lee will call on Datin Paduka Rafidah Aziz, Malaysia's Trade
      154 words
    • Article
      Builders urged to look Down Under
      206 2 LOCAL construction companies, hit by declining construction activities, should export their services to the booming Australian property market, according to the head of a leading Australian trade fair organisation. Roy Castle, chairman of Sydney-based Total Concept Exhibitions, said Australians had spent more than US$l
      206 words
    • Article
      It's no-smoking all the way on SIA's flights to Kuala Lumpur
      150 2 SINGAPORE AIRLINES will extend its no-smoking rule to all its Singapore-Kuala Lumpur flights from the beginning of next month, according to an SIA statement yesterday. In April, SIA introduced nosmoking flights on four of the 14 services it operates
      150 words
    • Article
      Dr Tan highlights need for more engineers
      345 2 SINGAPORE needs to increase its pool of 16,100 engineers to a projected 27,000 by the year 2000, Education Minister Dr Tony Tan said yesterday. Engineers would then comprise 2 per cent of the workforce, about the level in developed countries such as West
      345 words
    • Article
      Getting rid of gall and kidney stones
      113 2 MOUNT ELIZABETH Hospital is setting up a regional centre for non-surgical removal of gall and kidney .stones with state-of-the-art shock wave technology. The hospital has bought a $3.6 million machine, called a lithotripter. which breaks down gall and kidney stones without surgery or
      113 words
    • Article
      Labour shortage problems come under scrutiny
      492 2  -  By LILIAN ANG THE ELECTRONICS INDUSTRY is likely to be short of 350 engineers, 620 technicians and 1,110 skilled workers every year between now and 1990. This projection was made by Darren Oh, personnel director of Compaq Asia, when he spoke yesterday at a
      492 words
    • Article
      SHIPS IN PORT
      1488 2 AT CONVENTIONAL WHARVES V«*Ml Berth Arrival Departure KEPPEL WHARVES Adko Poramit K32 alongside 1607 "0630 Ananas IC2I alongside 20 07 2300 Atlantic lily K33 alongside 1607 2359 Barber Tompa C09 alongside 1607 2300 Crystal Rose K20 olongside 17 07 0600 Equator K22 alongside 1607-0700 Golden Wonder K3I
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      158 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 modern, contemporary style that's charmingly comfortable. r A new refreshing look greets you at our lobby. Plush, inviting
      158 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      130 2 SMMa Max/ Note Min (°C) 17/09 Fin* 17/12 Rain 35/18 Cloudy 37/31 Clear 31/25 Cloudy unov 32/24 Showers 30/25 Sunny 30/18 Clear 23/14 Cloudy 30/25 Cloudy 20/15 Showers 21/13 Fin* 20/10 Cloudy 24/15 Rain 11 06 Clear 35/22 Clear 18/16 Cloudy 16/04 Fine 26/17 Cloudy 34/19 Clear 22/17 Cloudy 30/17
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  • OVERSEAS
    • Article
      Lock icon EC hints at Gatt action on US trade bill
      425 3 AFP, FT THE EUROPEAN Community followed Japan on Thursday in criticising the US trade bill voted by the House of Representatives on Wednesday, and hinted it might complain to the General Agreement on Tariffs and Trade (Gatt) if the bill is
      AFP,; FT  -  425 words
    • Article
      Lock icon Veto plant closings bill, urge Reagan's advisers
      320 3 AFP PRESIDENT Ronald Reagan's senior advisers are urging him to veto a plant closings bill adopted overwhelmingly by both the Senate and the House of Representatives even though many analysts believe that such a veto could harm Vice-President George Bush's election campaign. Revealing
      AFP  -  320 words
    • Article
      Lock icon Dukakis on par with Bush in Texas, says poll
      357 3 AP MICHAEL DUKAKIS pulled even with Vice-President George Bush in Texas after naming Senator Lloyd Bentsen of Texas as his Democrat Party running mate, the CBS television network reported on Thursday night. The poll of 580 registered voters on Tuesday and
      AP  -  357 words
    • Article
      Lock icon Taiwan's gold-buying halt has little impact, say Swiss analysts
      362 3 Reuter TAIWAN'S announcement that it was temporarily suspending precious metals purchases from the US seemed likely to have little immediate impact on gold and silver prices, Swiss analysts and dealers said on Thursday. They said Taiwan had already sca'ed down its
      Reuter  -  362 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      774 3 ARRIVALS Operator Service Loca From number time GU GA940 1150 MBS THA TG403 1155 BKK SU SQ191 1155 PEN SU SQ238 1155 MES THA TG407 1205 MCK/HDY GIA GA900 1210 PKU MAS MH641 1230 KCH SU SQ1 1250 SFO/HNl/HKG SU SO 203 1300 CGK S1A SQ107 1305
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    • Article
      Lock icon S-E Asia fears Japanese expansion: EC Commissioner
      265 3 AFP COUNTRIES in South-east Asia fear Japan might turn Indochina into a "private hunting ground", European Commissioner Claude Cheysson said in Brussels on Thursday on his return from a 10-day South-east Asian tour. "Europe is considered an essential partner in the region, because
      AFP  -  265 words
    • Article, Illustration
      Lock icon Bring Sino-US ties onto a higher plane: Deng
      631 3 AP. UPI. CHINA'S senior leader Deng Xiaoping said yesterday at the opening of talks with US Secretary of State George Shultz that the United States and China should bring their relationship to a "higher plane" in the interest of the people of
      AP.; UPI.  -  631 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      60 3 rI V ji \j\ FI tf The business person's choice, every I I II I II I Tuesday, Thursday, Saturday and 1 MM \1 MI \l I 1 Sunday. Leaving Changi Airport at .L VV/i. JL 22:05 hours and arriving at Lester B. Pearson International Airport the following day Call
      60 words
    • Advertisement
      Page 3 Advertisements Column 2
      150 3 v.-; y •31 fe m r £3*B 4'-:. 0 J Burberrvs Autbon.fl) Dealerj: ,SETAN HAVFLO<:k ORCHARD LE CLASSIQUE METRO GRAND U'CKY PLAZA ROBINSONS SOGO un, Vrrr I>T,LE HOUSE FJ BENJAMIN CHANGI AIRPORT GRAND CLASSIC HALLEYS DEPARTMENT STORE ZakTV LTD IIATHFJ< LODGE LEE REPTILE LUCKY PLAZA REPTILE HOUSE NAN HEN LEATHER
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      69 3 Doonesbury BACK. NGKTOMS, WTTH RUMINATIONS ON THERECENTtUHTTEHOUSB PRUG 3USTS! WORD HAS IT THAT MANDATOR/ TESTING OF ALL WHITE HOUSB PERSONNEL ISA&OUTTOGO EFFECT-^. ONE CAN ONLY SPECULATE ASTOHOM THISEUTE CORPS OF PUBUCSERMNTS IS TAKING THE NEWS' BY GARRY TRUDEAU fw i 0, '/tucCt'Oi«— YOU MEAN, UEXL BETE&TEDCVER anpower anp WERANPOVER AUP
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Forex markets
      1425 4 OCBC, Reuter SINGAPORE: The US dollar closed marginally lighter against most major currencies yesterday. Against the Singapore dollar, the US dollar closed weaker at 2.0493/03 in torpid trading It traded within a range of 2.0498 and 2.0510. It opened initially at 2 0490/00. Dealers said the dollar rose
      OCBC,; Reuter  -  1,425 words
    • Article
      Comex gold/allvef futures
      180 4 Gold futures on July 14 100 troy ounces; USS per troy ounce Open High Low Settle Jul 439.00 439.00 439.00 438.70 -1.70 Aug 441.50 443.70 439.70 439.90 -1.90 Sep ***** 446.00 442.50 442.70 -1.90 Oct 447 40 449 30 445.30 445.60 -1.90 Dec 453.40 455.40 451.00 451.20
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    • Article
      IMM
      229 4 IMM currency futures closed lower on Thursday but off the lows of the day after a choppy, nervous session ahead of US May trade figures. Buying by a commercial firm in yen and mark futures brought futures off opening lows and drove nearby contracts above minor chart resistance in
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    • Article
      Money markets
      63 4 THE OVERNIGHT rate on the Singapore money market rose 3/8 point to close at 4-3/8 per cent yesterday. One and two months rose 1/16, three months rose 1/8. S$ Interbank rates at the close yesterday: OFftt wo 4 3/8 4 1/4 1 month 4 5/16 4 3/1* 2
      63 words
    • Article, Illustration
      World interest rates
      201 4 Indicates the average of the prime lending rates of 12 major banks in Singapore r Interbank market rates (offer/bid) on July 15 us$ DM SWFC Y«n 7 day* 1-77/1 9 1/2 —1/4 4 11/16 9/16 3 3/4 5/8 4 3/8 1/4 1 m+i 8 1/16 7 IS/16
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    • Article
      Goverment securities market
      118 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BIO OFFER H»GH LOW 3 months BQ*****W 13.10.88 3.90 3.85 3.98 3.89 6 months BY*****H 22.09.88 3.98 3.93 3.98 3.99 1 year BY*****Z 23.03.89 4.04 3.99 4.06 4.06 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      118 words
    • Article
      Simex
      426 4 SEPTEMBER Eurodollar opened at 91.63 on Simex yesterday. The Sept contract traded to a high of 91.64 in early trading but dipped lower to 91.60. The Eurodollar finally settled at 91 61. Currency futures opened lower than the previous close and continued to ease lower on rumours of a
      426 words
    • Article
      Options
      1456 4 CURRENCY FUTURES OPTIONS Friday, July 15, 1988 DEUTSCHEMARK (SMtfEX) Aug 88 ce (to Aug 88 puli High Lew Sea Ml* Lee Sea 54 55 55 55 55 41 38 38 110 109 110 56 23 18 IS 182 183 183 57 7 2758 280 58 4 59 2 AO
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      73 4 We leave the business to you. Leave the sleep to us. Vbu e ov<M to come be or ow lo> Clfe ie>o'Oxoursm our private-ooms ana e«oenenre t JIR' I #1 r?fll il me Ofterence 'or wmH Vf V f"~" arount WOf ld are ■rn beginning to experience the ultimate in
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    • Advertisement
      Page 4 Advertisements Column 2
      10 4 A MONTHLY JOURNAL OF BUSINESS TRENDS mri9si NOW AT NEWSSTANDS
      10 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Brazil, Paris Club to start debt talks
      112 5 Reuter BRAZIL will open debt talks with the Paris Club of Creditors next week in hopes of rescheduling US$l7 billion of debt. Finance Minister Mailsoq Nobrega said on Thursday. He said Brazil would also seek a fresh, US$5OO-million bridge loan from the Paris
      Reuter  -  112 words
    • Article
      Lock icon Higher prime is not the start of an upward spiral: economists
      335 5 AP THE INCREASE in the prime lending rate by several large US banks on Thursday to its highest level in more than two years is not the start of another upward spiral in interest rates, many economists maintained. They
      AP  -  335 words
    • Article
      DBS sees rise in interest rates
      407 5  -  By SOH TIANG KENG, Financial Correspondent DBS Bank has predicted "moderate" growth for Singapore's financial and business services sector in the third quarter of this year. The bank, in its latest issue of Investment Digest, also forecast k possible rise in interest rates here
      407 words
    • Article
      Lock icon EC states get boost to invest in Third World
      215 5 FT THE EUROPEAN COMMISSION on Thursday accelerated its new policy of promoting private European investment in the Third World by signing financial agreements with development banks in five European Community (EC) member states. The basic aim is to encourage smaller private
      FT  -  215 words
    • Article
      Lock icon Citicorp closes down UK gilt-edged trading arm
      280 5 FT CITICORP, America's largest banking group, closed down its UK gilt-edged trading operation on Thursday night, making it the latest casualty of tough conditions in that market. The bank said the decision had been taken following a management review which concluded that the
      FT  -  280 words
    • Article
      Lock icon Lloyd's hit by surge of resignations
      269 5 FT LLOYD'S of London has received a surge of resignations of members in the last few weeks, bringing to at least 950 the number of people now expected to quit the insurance market this year. Forecasts circulating among Lloyd's underwriting agency companies suggest the
      FT  -  269 words
    • Article
      Lock icon World Bank planning to increase loans to developing countries
      257 5 UPI THE WORLD BANK is planning to increase its loans to developing countries by an annual 10 per cent, to more than US$2O billion a year by the early *****, the UN agency said on Thursday. "Fiscal year 1988 was an
      UPI  -  257 words
    • Article
      Asian dollar market
      248 5 ASIAN DOLLAR deposit rates closed steady yesterday at firmer opening levels, dealers said. They said trading turned quiet in the afternoon after a moderate morning session. The market was waiting for yesterday's release of US May trade figures due at 1230 GMT, dealers said. Asian dollar CD
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  • COMMODITIES
    • Article
      Rubber
      157 5 SINGAPORE The rubber market closed higher yesterday with August 1 RSS buyers price quoted at 249.50 cents/kg. No Inro activity was reported in Singapore. On the TSR-20 market, prices rose on short-covering interest. August buyers' price ended at 228.00 cents/kg, up five cents from yesterday's close. MALAYSIA The rubber
      157 words
    • Article
      RAS and MRELB
      290 5 RAS prices In S cants/kg, FOB In t»al« NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 247.00 249.00N 249.00 251.00N lm 1 RSS Aug 88 247.50 248.50N 249^50 250.50N lot 1 RSS Sep 249.00 250.00N 251.00 252.00N Int 2 RSS OP 247.00 248.00N 248.00 249.00N
      290 words
    • Article
      SSR and SMR
      76 5 (cants/kg) AUGUST 1988 SEPTEMBER 1988 (current month) (forward month) RAS NOON NOON ftvysn S*ll«n 6vy«n S•Men SSB 20 ***** 226.00N 224.00 226.00M SSB 50 222.00 224.00N 222.00 224 OOM MRELB S*IWn S»U«M SM» CV 500.00 502.00N 502.00 504.00N SMB L 500.50 502.50N 502.50 504.50N SMS 5 307.50
      76 words
    • Article
      KL Tin
      157 5 THE PRICE of tin on the Kuala Lumpur market closed a cant lower at M 518.83 a kg yesterday in Increased trading, dealers said. This was due to higher supply as mines were keen to dispose of the metal at yesterday's price, believing the market had stabilised. Volume
      157 words
    • Article
      Palm Oil
      437 5 MALAYSIAN CRUDE PALM OIL FUTURES closed firmer yesterday, extending Thursday's limit gains on further covering and speculative buying, prompted by continued firmness in Chicago soyoil futures values, dealers said. They added that the market anticipated a rise in soyoil prices amid forecasts of hot and dry weather over
      437 words
    • Article
      Oil and Products
      101 5 A rebound on the New York futures market gave sellers new hope. But product prices tumbled again except for fuel oil, which rose on suddenly emerging demand. Closing prices for crude (FOB origin) USS/borr*l Otana* MJno. (Aug) DiM (Aug) W«l Tua 1443 und. 12-40 0-50 lr WD
      101 words
    • Article
      Produce Prices
      237 5 Chinese Produce Exchange Soilori' noon doting prices on July 15 (SS/100 kg) Coconut oil h* FOB 130.00 OW drum FOB 140.00 N«w drum FOB 144.00 Copra Mixed (IOOM) 73 -il Pepper iwwrj Muntok whit* FOB NLW ***** Sarawak whh* FOB foq NLW 937.50 Sarawak ip*dol black FOB NLW
      237 words
    • Article
      London markets
      294 5 London Commodity Exchange Bvyer/Seller dosing prices on July 14 (£/tonne unless specified). Previous dosing prices in parenthesis. Coffee Basis in-jtore London, sellers option CIF London Jul 1055/1060 (1058/1089) High/Low 1090/1060 Sep 1080/1083 (1113/1115) High/Low 1115/1080 Sales (1784) Cocoa Jul 991/992 (1020/1025 High/Low 1020/1025 Sep 1009/1010 (1037/1038 High/Low 1059/1026
      294 words
    • Article
      Wheat
      107 5 SOFT red winter (SRW) wheat futures eased late after trading sharply higher most of Thursday on the Chicago Board of Trade on support from limit gains in feed grains and soybeans. Wheat closed on or near the lows with losses of four cents to 10 cents per bushel September
      107 words
    • Article
      Precious Metals
      399 5 HONGKONG: Gold closed slightly lower in quiet trading yesterday on light selling by local and Swiss investors, dealers said. Traders were sidelined waiting for US May trade date due for release at 1230 GMT, they added. Bullion ended at U*****.00/50 an ounce against an initial U*****.20/60 and compared
      399 words
    • Article
      Soybean
      65 5 SOYBEAN futures closed on an uncertain note on the Chicago Board of Trade on Thursday when July sold off sharply, but August through March still managed to finish at their 45 cent expanded upper limits. The limitless July eased from the high of US$lO.2O to settle at US$9 74.
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  • PERSPECTIVE
    • Article
      The literature of hope
      519 6 IN A RECENT article in the London publication, The Listener, the critic Colin Wilson comments that writers who paint life as something boring and meaningless "are behaving more like criminals" than like artistes. The dramatists Anton Chekov and Samuel Beckett and the novelist Graham Greene are
      519 words
    • Article, Illustration
      Lock icon How I bake a tasty mnemonics pi
      721 6  -  By MALCOLM W BROWNE NYT "HOW I WANT a drink, alcoholic of course, after the heavy lectures involving quantum mechanics." No, the foregoing plaint is not the latest evidence that faltering American physics students are succumbing to the lure of demon rum. It
      NYT  -  721 words
    • Article
      Renaming of Ocean Towers an apt suggestion
      153 6  -  letters to the Editor Wang Look Fung (Miss) Group Public AJtairs Manager Straits Steamship Co Ltd Dear Sir We refer to the letter by Mr P L Koh published in Business Times on July 9. On behalf of the Board of Directors of
      153 words
    • Article
      Why Insas representative Ms Kay was voted off the board of UPP
      656 6  -  Lim Guan Telk U*aA*kAa univrman nflnsoin llnliila i■ BkJ DOrl DilQ Director United Pulp A Pap*r Co Ltd Dear Sir I refer to the article in the June 30 issue of Business Times headlined "Insas's only representative on
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    • Article, Illustration
      SSA's proposed revision of fees will result in better service to clients
      441 6  -  Peter Fong Acting Registrar Singapore Society of Accountants Dear Sir We refer to recent press articles on the Singapore Society of Accountants' proposed revision of its scale of recommended fees for accounting services. The Singapore Society of Accountants,
      441 words
    • Article
      No market for odd-lot shares in Singapore
      259 6  -  Joseph Lee Dear Sir Re: Metro and Transmarco shares. I would like to remind those who manage the securities industry that there is no market for odd-lot shares in Singapore, that is, if a company declares a one-for-five bonus issue and if I
      259 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      41 6 BT welcomes letters from readers. Your letters must Include your signature, lull name, eddress, and home numbers, N any. You may add a pseudonym, H you wish. Address your letters to: The Editor, Business Times, ISO, Kim Seng Road, Singapore 0923.
      41 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      721 6 CRYPTIC PUZZLE ACROSS 9 Greatly loved by the extravagant? (4,4) 10 My house has nothing on that! (3) 11 Drop a kiss (6) 12 The attitude of our ancestors starts changing (6) 13 He'll give you a dish or take a dish away! (7) 14 Outside, heard laughter (4) 15
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      59 6 BriSt^RanJJhc&ac IT'S INCRJE-DIE>L£,TM£ LORV DemoLitioN (KNOCK DouW PRIC€S)HRVC CHPNGeOTVe FPICJE.OFTHC T0&1 c NOU) "TVie. UJILSoI BUIUO^G MPvS fiCJLN Pulleo Douihl HPiVe P>M UNINTERRUPTED vioo OF me evefcy Tirne. l Pick up my j FiMD myseLF THINK WG OF FRR AUAY PLACES CJITH STRRNGC SouND»r4G 7 Mfvries... 1V419 tS ?I£AS*MT BUT
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      280 7 THE NEW TRADING system of the Stock Exchange has had its share of breakdowns and software snags. As with any new system, these are expected and are commonly described as teething problems. It led one irate stockbroker, who said he suffered loss of business, to comment:
      280 words
    • Article, Illustration
      The Far Pavilions Paradise is a little pricey
      1149 7  -  By PATRICIA M SCHERSCHEL GUESTS don't need to wear shoes at Amanpuri, one of Phuket's newest and most exclusive and expensive resorts. Neither do most of the staff, who quietly pad about the immaculate grounds, frequently greeting guests by folding their hands
      1,149 words
    • Article, Illustration
      The trouble with thirty
      678 7  -  Pc/notd' with JAIME LYE BIRTHDAYS are depressing. They talk about people, like wine, getting better with age. So why is it that I have yet to feel any sweeter, but just plain bitter? It was my birthday last week. It was a dreadful feeling. Little did
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    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article
        Waves of doubt over 'radiation' cooking
        868 9 HEALTH There is a growing body of evidence, however, which suggests, albeit inconclusively, that exposure to even low levels of non-ionising radiation can produce adverse health effects. THE MICROWAVE OVEN is an appliance that lends itself to suspicion. It cooks by "radiation" a frightening
        868 words
      • Article, Illustration
        Chateau Petrus — the world's most expensive claret
        885 9  - Chateau Petrus the world's most expensive claret By N K YONG WE TURNED off the D 245 French highway into the gravelled drive leading up to Chateau Petrus, having passed along the way. Vieux Chateau Certan, another illustrious name in Pomerol, and there we were, at the home of the
        885 words
      • Article
        Eating through three hours
        394 9  -  FOOD By THE FOOD TEAM WHAT began as "A Taste of Hangzhou" progressed alarmingly into a 14-course banquet that left the Food Team winded and in a state of food shock. For those who have always wondered what media lunches are like, the answer is: long.
        394 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Cop and lawyer fight the system
        562 10  -  CINEMA By JAIME LYE REMY McSwain is a cop. By all definitions, he's supposed to be a good guy. The kind who fights bad guys and wins medals of valour. Technically, that is. The reality, though, is that there ain't no good guys in
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      • Article
        Bringing back those good ol' days
        287 10 SHORT TAKES AN AMERICAN radio station, saying it wanted to dispel rumors Elvis Presley is still alive, is offering US$l million to anyone who can bring the rock n roll king to Nashville for an interview. "Sightings of Elvis have been reported from all
        287 words
    • Executive Lifestyle: Entertainment & the Arts
      • Article, Illustration
        Sex and a woman's place
        607 11  -  ISSUES By SANGEETA MULCHAND "MEN, YOU KNOW lah, cannot control, so better come to us than go rape innocent girls. But women different, we no need also can." Connie Quah, a researcher completing a Master's degree in Sociology at the National University of Singapore, does
        607 words
      • Article, Illustration
        Daring, baring dash
        174 11 FASHION Flirty notes IF YOU've got them, bare em. Shoulders, that is. From Lanvin comes a Spring/Summer collection (left) focused on provocative necklines, mostly slung low on shoulders. The season's flirty bareness joins the year's fascination with the mini. Skirts remain short, often trimmed, piped or edged
        174 words
      • Article, Illustration
        Lock icon Tale of the unhappy baby-boomer
        878 11 TRENDS AP THE AMERICAN "baby boom" generation, born into relative affluence. peace and health, is unhappy. Not just a little blue, but depressed. It's a major depression, a disorder that lasts at least two weeks and includes such symptoms as appetite or sleep disturbance, feelings
        AP; A Punch cartoon  -  878 words
      • Article
        BILLBOARD
        644 11  -  Compiled by Sakina Dhilawala CINEMA: Retribution starring Dennis Lipscome. Leslie Wing and Hoyt Axton. Showing at Cathay: 11; 1.30; 4; 6 30; 9.15. Fatal Attraction starring Michael Douglas. Glenn Close and Anne Archer. Showing at Jade 2: 11; 1.30; 4; 6.30; 9 Crocodile Dundee II starring Paul Hogan and
        644 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Lock icon Ballesteros stays way ahead of the pack
        549 12 GOLF UPI SEVERIANO BALLESTEROS, the slumbering giant of international golf, awoke on Thursday to slay the monster-like Royal Lytham and St Anne's golf course and stride clear of the field on the opening day of the 117 th British Open. Ballesteros, 31, without
        UPI  -  549 words
      • Article
        Lock icon SCORES
        262 12 Reuter COLLATED first-round scores in the British Open Golf Championship (par 71) on Thursday (British unless stated): 67: Severiano Ballesteros (Spain); 69 Brad Faxon (US), Wayne Grady (Australia); 70: Peter Senior (Australia), Noel Ratcliffe (Australia); Nick Price (Zimbabwe), Dan Pooley (US); 71: Jay Haas (US), David Frost (South Africa),
        Reuter  -  262 words
      • Article, Illustration
        Swee Wah lands Yokohama Classic
        413 12  -  By CHARLES SAVAGE m LIM SWEE WAH grabbed the Yokohama Classic in a nail-biting three-way sudden death play-off that stretched to four holes yesterday at the Jurong Country Club. The spectators were hushed in a crowd around the 18th green as Swee Wah tapped in
        413 words
      • Article
        Who says world champions cannot be out-witted?
        589 12  -  Bridge By Mike Thumba FRAWLEY and Kingston were almost certain to win World Pairs Event at the Bridgerama in 1986. Their opponents were the Old Master and Zettner. There were 320 entries and only 96 pairs were the finalists. Frawley and Kingston were
        589 words
      • Article
        Lock icon Mecir succumbs to giant-killer Muster
        216 12 TENNIS Reuter THOMAS MUSTER, the impressive young Austrian tennis player who won the US Pro Championship in Boston on Sunday. eliminated top seed Miloslav Mecir of Czechoslovakia from the U*****,000 Stuttgart Grand Prix tournament on Thursday. He beat Mecir, a Wimbledon semi-finalist two weeks ago.
        Reuter  -  216 words
      • Article, Illustration
        Achilles in superb form for Dato Yeoh Memorial Trophy
        718 12  -  on TMCK With JEROME FANDOR THE HIGHLIGHT of this weekend's racing in Ipoh is the Oato Yeoh Cheang Lee Memorial Trophy over 1900 m. Most of the 21 horses handicapped for this Class 2 race did not manage to get a
        718 words
      • Article, Illustration
        Lock icon Delgado takes over the lead in Tour
        222 12 CYCLING AFP PEDRO DELGADO of Spain took over the leader's yellow jersey from Canadian Steve Bauer in the Tour de France cycle race on Thursday as Dutch rider Steven Rooks won the 12th stage, the 227 km from Morzine to I'Alpe d'Huez. But
        AFP  -  222 words
      • Article, Illustration
        The heat is on
        177 12 ATHLETICS THE ROAD to Seoul for Carl Lewis and other American track and field athletes began yesterday with the start of the nine-day process for selecting US Olympians. Lewis will compete in three events at the trials the 100 and 200 metres and the long jump.
        177 words
      • Article, Illustration
        Lock icon Tyson will fight Bruno after all
        428 12 BOXING AP MIKE TYSON, who said three weeks ago he wouldn't fight any more, has decided to go ahead with his scheduled Sep 3 heavyweight title defence against Frank Bruno. Tyson's lawyer, Michael Winston, said on Thursday that the fight will proceed even though
        AP  -  428 words
    • Executive Lifestyle: Personal Investment
      • Article
        S'pore, KL exchanges are best performers in US$ terms
        634 13  -  WORLD MARKETS By KEVIN GWEE THE STOCK markets of Singapore and Malaysia have topped the list of best performing world exchanges in US dollar terms for the first half of 1988, with a return of 30.5 per cent. In local currency
        634 words
      • Article, Illustration
        Lock icon Computer failure a boost to market
        178 13  -  i?ipL by RC WHILE THE REPEATED software failure of the new trading computer at the stock exchange at OUB Centre throughout this week has made many brokers irate about the loss of business, it has actually been an indirect boon for the local market.
        Source: Investamatic  -  178 words
      • Article
        Lock icon Canaletto painting fetches £440,000
        363 13 ART TRADE Sotheby's Research Department ART MARKET activity in New York tends to have finished by this time of the year. The rest of the major sales are held in London and elsewhere east of the Atlantic. Last week, interest was focused on Old Master paintings,
        Sotheby's Research Department  -  363 words
      • Article, Illustration
        Invest more in Far East markets: Cook
        468 13  -  BT/SES INVESTMENT SEMINAR By RAMESH CHANDIRAMANI WITH THE EXCEPTION of the Philippines, all international portfolios ought to be overweight in their stock market investments in the Far East region. In particular, investors should accord Malaysia and Thailand a heavily overweight position, ahead of
        468 words
      • Article
        Higher interest rates the only dampener: Fuller
        573 13 SURVEYING financial markets from across a broad spectrum, chartist David Fuller sees only one dark cloud that could spoil things for stocks rising interest rates. Economic conditions, otherwise, are still quite healthy and growing strongly enough to fuel a continued rise in equity
        573 words
      • Article
        Counting your wealth in coins
        1048 13  -  COLLECTING *y Ramesh Chandiramani INVESTING in rare coins can be a very lucrative proposition. Besides being executive "treasures", high quality rare coins are a tremendous long-term wealth-building tool. They have endured the rigours of time and their value appreciates in much the same way as
        1,048 words
      • Article
        Paul Morgan suffers slight fall in value of portfolio
        327 13  -  GREAT INVESTMENT RACE *>y Corrina Lim STOCKBROKER Paul Morgan Associates, which continued to set the pace in the Great Investment Race, saw the value of its portfolio pared slightly following dampened trading on the Singapore stock market. The drop in performance
        327 words
      • Article
        Lock icon Dow Jones: widely quoted, widely misunderstood
        641 13 BEannEfrs.A cam S!M IHT THE DOW JONES Industrial Average is one of the most widely watched pieces of statistics in the world. The performance of its 30-stock components is considered by many as a proxy for the health of the American stock market and
        IHT  -  641 words
  • Page 7 Advertisements
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      114 7 Since 1735 there has never been A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE 5' mm p 'i > 1% '■r X -w 5> WmM V: 2b Mi A \vV v, v. > Blanc paiN Faithful to the traditional art of watchmaking, each watch is still assembled, polished and
      114 words
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      Page 8 Advertisements Column 1
      853 8 COURYOISIERXO WIHIEKIE TO E4J* DHNR SUNDAY FAMILY LI'NCH L 5 w L "V .«<■ stin^ Bnng the family for a fabulous meal of fresh seafood and Chinese dishes from our a la carte menu. At a generous 25% off the bill. ft But only on Sundays between 11.30 am and
      853 words
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      Page 8 Advertisements Column 2
      120 8 I/i My 4th, everyday The Belvedere's American buffet lunch is a month long celebration of July 4th stretching from July I—3l. With Prawns on ice. Smoked turkey breasts. Oyster Rockefeller. Roast US prime rib! Apple pie. California snowball and much, much more' Celebrate July 4th everyday for just $31 for
      120 words
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      1692 10 Book people, journalists and Orson Welles Movies A MILD-MANNERED book executive looking forward to a restful journey on a train to Los Angeles finds himself the victim of a murder plot in Silver Streak. Gene Wilder, Jill Clayburgh and Patrick Mcgoohan star in this nutty blend of comedy, romance, action
      1,692 words
    • Miscellaneous
      Page 10 Miscellaneous Column 2
      1078 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 Radio Newsreel 8.30 Personal View 8.45 Recording
      1,078 words
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      Page 11 Advertisements Column 1
      67 11 BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, tennis, bowling, etc. And, of course, the all-round executive cannot afford to miss Sevvy's golf date every Tuesday. After
      67 words
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      28 13 BT welcomes investment ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.
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  • STOCK EXCHANGE OF SINGAPORE
    • Article
      APPROVED ISSUES
      44 14 Company BONUS ISSUE Metro Hldgs One-for-five Ex-dote: Jul 8 Books dose: Jul 20 T ronsmarco One-for-four Ex-dote: Jul 8 S P P Books close: Jul 20 One-for-two Ex-date: NYA Books dose: Aug 1 Tuon Sing One-for-lO Ex-dote: NYA Books dose: Aug 1
      44 words
    • Article
      PROPOSED ISSUES
      264 14 Company RIGHTS ISSUE AMDS One-for-four $0.50 per share C 1 Holdings 27 million loon stocks in the ratio of $3 loon stock for every five ordinary shares held. C K Tang One-for-two $2.25 per shore. Eoch rights comes with two detachable TSfc The exercise price for the TSRs.
      264 words
    • Article
      COMPANY MEETINGS
      156 14 ALUMINIUM Company of Malaysia Berhad: 27th AGM at the PJ Hilton Hotel, Jalan Barat, Petaling Jaya on Monday, July 18. at noon. FIMA Metal Box Berhad: 13th AGM at PJ Hilton Hotel. Jalan Barat, ***** Petaling Jaya, Selangor Darul Ehsan on Monday, July 18, at 9.30am SAtERAS RESOURCES
      156 words
    • Article
      Unit trusts
      278 14 Managers' prices Japan Gr fund 149 1 54 for July 16 and 18 Shenton Thrift fund 0865 0865 Singapore Unit Trust UOB Management Unitund 096 096 The Commerce 1 02 1 09 Umbond 101 1035 The Savings fund 090 096 S'pore Prog Fund S'pore Sec Fund 043 071
      278 words
    • Article, Illustration
      Quality stocks continue to lead market advance
      712 14 SHARE PRICES continued to move to higher levels at the Singapore stock market yesterday with investors undeterred by the faults in the electronic trading system. Interest was centred on quality stocks. Dealers said sentiment was boosted by Wall Street's overnight gains and trading
      712 words
    • Article
      SES SHARE INFORMATION
      5095 14 Gr'» Qr's 1888 Tel Last Dtv Dtv rid Net Vol Day Last Quote High Low Code Company Sale +or- C'vr P/E (*000) High Low Buyer Seller SECTION ONE INDUSTRIAL COMMERCIAL ADEF A 1005 1005 ADEF B 1005 n "ISSiSS. Jf" ,0N 24 08 529 15 ,27 125
      5,095 words
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  • COMPANY NEWS
    • Article, Illustration
      Ready market trading may be fully automated: Chok Kian
      302 15 THE READY MARKET on the main board may see fully automated trading "in the not too distant future" if the pilot projects now operating, work well. A significant portion of trading is now fully automated in the second-tier Sesdaq, on the
      302 words
    • Article, Illustration
      Keppel seeks to buy 51pc of Sim Lim Finance
      571 15  -  By LISA LEE THE KEPPEL GROUP has confirmed that it is negotiating to acquire a 51 per cent stake in publicly-listed Sim Lim Finance Ltd, but said that no agreement has been reached. In a brief statement yesterday, Keppel said the
      571 words
    • Article
      Lock icon Ex-HK exchange chief executive charged
      191 15 Reuter FORMER Hongkong Stock Exchange chief executive Jeffrey Sun has been charged with three counts of accepting bribes. Sun offered no plea when he appeared in court yesterday to face the charges for the first time. He was remanded on bail of HK$2.l million to
      Reuter  -  191 words
    • Article
      Avimo buys electro-plating firm's assets
      265 15 AVIMO Singapore, a manufacturer of electro-optical defence equipment, has acquired the assets of a local electro-plating and aluminium anodising company. The acquisition of the assets and operations of ACP Industries Pte Ltd (ACPI), which provides electro-plating services to the local electronics, defence and metal-related manufacturing
      265 words
    • Article
      Lock icon CIC approves flotation of KFC Holdings
      362 15 MBT INNOVEST BHD has received approval from the Capital Issues Committee for its proposed flotation of KFC Holdings. Under the proposed flotation, 44 million KFCH shares of Msl each will be listed on the Kuala Lumpur Stock Exchange (KLSE). However, the restricted public offer
      MBT  -  362 words
    • Article
      Lock icon KLSE reclassifies eight companies
      275 15 MBT THE KUALA Lumpur Stock Exchange (KLSE) has reclassified eight companies into different sectors to reflect better their present main business activities. The changes will be effective next Monday, the KLSE said in a circular on Thursday. Of the eight companies, all of which are now
      MBT  -  275 words
    • Article
      Lock icon Mycom director sells 3.75 million shares
      177 15 MBT A SUBSTANTIAL block of shares in Mycom has changed hands again. Totalling 3.75 million units, the shares owned by director Mohammed Adnan bin Datuk Shuaib was sold in the open market, said a company spokesman. Sandakan-based Silah Hidup Sdn Bhd purchased 1.5 million
      MBT  -  177 words
    • Article, Illustration
      Lock icon Ranks Hovis too big for Goodman, say analysts
      692 15 Reuter ANALYSTS in New Zealand and Australia believe British food company Ranks Hovis McDougall PLC may be too big a bite for Goodman Fielder Wattie Ltd. "I think it would be a bit too large," said Chris Allan of Sydney brokers Norths
      Reuter  -  692 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Titanium dioxide plant planned for Trengganu
      612 16 Potential investment of Mssoom MBT A TITANIUM dioxide pigment plant with potential investment of Mssoo million will be located in Trengganu. The plant, on a 60.7 ha site, to be set up by London-based Tioxide Group PLC will be the ninth such plant worldwide
      MBT  -  612 words
    • Article
      Lock icon NL sells half of Reuters stake for NZ$18.5m
      242 16 Reuter NEW ZEALAND publishing group Independent Newspapers Ltd has sold a parcel of shares in Reuters Holdings PLC for NZ$lB.5 million. INL managing director Mike Robson said INL sold 261,131 'B' shares and 358,024 American depositary shares on the open market. He
      Reuter  -  242 words
    • Article
      Lock icon Allied Overseas withdraws offer
      69 16 Reuter HONGKONG-LISTED Allied Overseas Investments Ltd has withdrawn from the purchase of a New Zealand company, Allied said in a statement on Thursday. An offer to buy approximately 49 per cent of the issued capital of Wormald International NZ Ltd from Australia-based Wormald International Ltd for
      Reuter  -  69 words
    • Article
      KL market up 10 points
      3265 16 SHARE PRICES closed off the session's highs on the Kuala Lumpur stock market yesterday in moderately active trading. Except for quiet tins, conditions were generally brisk in other sectors. In the first half hour of trading, an unusual hive of activity was noted in Innovest,
      3,265 words
    • Article
      Lock icon Formosa Plastics expecting higher sales and profits
      225 16 Reuter THE FORMOSA Plastics group, Taiwan's largest privately owned business conglomerate, said it expects profits and sales in calendar 1988 to be slightly higher than its record results of 1987. Senior vice-president Yang Chao-ling said the group's three major companies performed better than
      Reuter  -  225 words
    • Article
      Prices close easy
      1452 16 Hongkong HONGKONG STOCKS closed easy yesterday but were off the day's low because of late short-cover-ing by institutional investors ahead of the release of May US trade data at 1230 GMT. brokers said. The Hang Seng Index finished down 12.26 points at 2,740.70 and the broader based
      1,452 words
    • Article
      Seoul
      132 16 JULY IS WON Cheil Sugar Deelim Ind Daewoo Corp Daewoo Heavy Daiahin Securitiea Dong Ah Phar Dong Scrfi Stock OongDu Steel Gokf Star Hand Bank Ha ml Cement Hankuk Qlaaa Hanyang Chemical Hyundai Const Hyundai Motor ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
      132 words
    • Article
      Lock icon Tokyo
      519 16 Reuter SHARE PRICES closed down yesterday after a day of wide fluctuations as investors initially tried to shrug off concerns ahead of the 1230 GMT release of US May trade figures. "People see no reason to be buying in advance of the trade figures." said Paul Migliorato, a broker
      Reuter  -  519 words
    • Article
      Lock icon Sydney
      461 16 Reuter THE AUSTRALIAN share market yesterday clawed its way to a firmer cloee for the first time in three days, although brokers said trading was fairly lacklustre. Interest centred on the Bell and Bond companies as Bond Corp snapped a large amount of scrip in takeover target Bell Group.
      Reuter  -  461 words
    • Article
      Lock icon Bangkok
      151 16 Reuter THE SECURITIES Exchange of Thailand Index fell 5.36 points to 464.01 yesterday on a turnover of 6,096,625 shares worth 1002.81 million baht. JULY 1» BAMT 460 -16 Ayudtrya InvWmw Bangkok Agro-lnd 446 -2 136 +2 Bangkok Bank. Bank CX Ayudhya.. Charoong That WU A Cabta 33S unct) 376
      Reuter  -  151 words
    • Article
      Taipei
      272 16 JULY 11 NT* All Sincara Irtdua Aala Camant Camay Corn Chang Hwa Bank.... Chang Loong Chla Main Camant. Chin Main Flour China Cham China Dav China Elact Wira China Gull Ptaa China Rabar China Staal Chung Hwa Pulp Chung Shi rig Tax... Far Eaat Dapt Far Eaat Tax Fir*
      272 words
    • Article
      Manila
      76 16 JULY It PESOS Ap«x Mining B... Attn Con B Baguio Goto Basic Potroiauffi Banguot Con B First Phil Htdgs Lap*mo B Marcopoar 0 042 uncfi 2450 -OS 0.024 unct> 91 12.75 ♦0.2! 050 +00; Mar»t»»i Oriental B PWt Ovm PtHMl B 0 038 wnch 0 40 0 02 PLOT
      76 words
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  • WORLD MARKETS
    • Article
      Lock icon Shares draw on US$ support
      964 17 New York Reuter WALL STREET stocks closed higher on Thursday, supported by a strong dollar and buoyed by light program buying, traders said. A fall in commodity futures prices from sharply higher levels cooled some inflationary concerns but failed to encourage bond prices. Analysts said
      Reuter  -  964 words
    • Article
      Lock icon Equities open mostly lower
      1017 17 London Reuter LONDON EQUITIES stood mostly lower in quiet morning trading yesterday, as market makers nervously marked prices down ahead of economic data later yesterday which could have a significant impact on share prices, dealers said. British Aerospace returned from suspension 20p lower at 450p after
      Reuter  -  1,017 words
    • Article
      Untitled
      1173 17 Selected indices HONGKONG Hongkong Index Friday 1,811.61 Thursday 1.820 36 Week ogo 1.***** Hong Seng Index Friday 2,***** Thursday 2.***** Week ogo 2.***** All Industrials Friday 2.577 6 Thursday 2.5670 Week ogo 2,5630 NEW YORK Dow Jones Thursday 2.113 62 Wednesday ZI0437 Week ogo 2.122 69 TOKYO Nikkei Average Friday
      1,173 words
    • Article
      Lock icon Lawyer files affidavit against SEC
      195 17 NYT THE US Securities and Exchange Commission misrepresented a conversation its investigators had with the lawyer for the investor from Taiwan accused of insider trading, the lawyer asserted in an affidavit filed this week. In its original complaint in the case, the SEC said Fred
      NYT  -  195 words
    • Article
      Lock icon BAe to proceed with purchase of Rover Group
      820 17 FT BRITISH AEROSPACE has agreed to proceed with its purchase of Rover Group, following 24 hours of hectic activity during which the group's last-minute reservations about the proposed takeover were resolved. Lord Young, Trade and Industry Secretary, told the Lords that talks
      FT  -  820 words
    • Article
      Lock icon HP files countersuit against Apple
      268 17 FT HEWLETT-PACKARD has filed a countersuit against Apple Computer charging that the personal computer manufacturer has used fraud and trickery in an attempt to maintain an illegal monopoly with its Macintosh personal computer. The action is seen as an aggressive response to a copyright infringement
      FT  -  268 words
    • Article
      Lock icon Plessey to acquire Singer division
      247 17 FT PLESSEY, the UK electronics company, is paying US$3lO million to buy the Electronic Systems Division (ESD) of Singer, the US military electronics group. The move is a further step in Plessey's strategy of building an international network of defence electronics companies order to lessen
      FT  -  247 words
    • Article
      Lock icon Oregon rejects BAT'S bid
      129 17 Reuter THE OREGON Department of Insurance has rejected a proposed hostile takeover of Farmers Group Inc by BAT Industries PLC of Britain, Farmers Group said on Thursday. BAT, through its US subsidiary Batus Inc, launched a US$4.5 billion tender offer for Farmers Group in January. Farmers,
      Reuter  -  129 words
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      0 17 ;]=(@?_:{?_("{\[!$$\<'@_~(,}%{=
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      182 17 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 EAST COAST PROPERTY INVESTMENT PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING OF MEMBERS NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap. 50 that a Final General Meeting of the Members of the abovenamed company will
      182 words
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      Page 17 Advertisements Column 3
      378 17 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF TONG CHUAN BORING ENGINEERING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at No. 44-A Jalan Lam Sam. Singapore 2469 on 12th July 1968, the following
      378 words
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      Page 17 Advertisements Column 4
      699 17 IN THE MATTER OF THR_ COMPANIES ACT, CAP. «T AND IN THE MATTER OF MAROIL SINGAPORE PTE LTD I (In Members' Voluntary Liquidation) At an Extraordinary Ooff* eral Meeting of the Company duly convened and held at 6 Battery Road #33-00, Standard Chartered Bank Building. Singapore 0104 on 8 July
      699 words
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  • Article, Illustration
    S'pore happy to be ideas testing ground
    469 18  -  Republic will benefit from cautious Japanese policy By FOO CHOY PENG SINGAPORE is quits happy to be the testing ground of innovations in financial instruments for Japan. Prime Minister Lee Kuan Yew said in an interview in Japan. The Republic, he told journalists
    469 words
  • Article
    PM prefers not to have son succeed him
    251 18 BRIGADIER-GENERAL (Res) Lee Hsien Loong has the right stuff to be prime minister, Mr Lee Kuan Yew told Japanese reporters yesterday. But the next premier won't be a Lee, he added. In an interview with Fuji TV and the Sankei Shim bun,
    251 words
  • Article
    Lock icon MTUC not in favour of privatisation
    285 18 Bernama THE MALAYSIAN Trades Union Congress (MTUC) opposes privatisation because job security is not assured and profit-oriented operations will subsequently increase the cost of goods and services, its president Zainal Rampak said in Kuala Lumpur yesterday. He said the general attitude of labour towards
    Bernama  -  285 words
  • Article
    HK may have governor acceptable to China by 1995, PM predicts
    224 18 A HONGKONG CHINESE governor should be in place in the colony by 1995, predicted Prime Minister Lee Kuan Yew yesterday, a move which will mean a smooth transfer of power to China. Mr Lee, speaking to Japanese reporters, said
    224 words
  • Article
    Lock icon Lim Kit Siang fails in bid to challenge detention
    251 18 Reuter MALAYSIAN opposition leader Lim Kit Siang's challenge to a two-year detention failed yesterday when the government announced that new laws prohibiting detainees from suing the state would be enforced immediately. The acting secretary-general of the Democratic Action Party, Lee Lam
    Reuter  -  251 words
  • Article
    Lock icon Osman to be extradited to Hongkong
    107 18 AFP MALAYSIAN banker Lorrain Esme Osman, who is wanted on multi-million pound fraud charges in Hongkong, yesterday failed in his bid in the British House of Lords to challenge his pending extradition. A committee of three Law Lords dismissed an application by Mr Osman,
    AFP  -  107 words
  • Article
    Lock icon Perak Bar passes resolution
    109 18 Bernama THE PERAK BAR, in an extraordinary general meeting in Ipoh yesterday, endorsed all resolutions passed by the Malaysian Bar in connection with the suspension of Lord President Tun Salleh Abas and the five Supreme Court judges. Its chairman, SY Lee, said the Perak Bar was
    Bernama  -  109 words
  • Article, Illustration
    Lock icon Bolkiah calls for implementation of industrialisation programme
    146 18 Bernama SULTAN Hassansl Bolkiah of Brunei said yesterday that his country's small size and relatively small manpower should not deter progress in diversifying into industry under its 853.2 billion fifth national plan. In his address to the nation on his 42nd birthday, the
    Bernama  -  146 words
  • Article
    Lock icon Nissan workers to give up part of annual leave
    254 18 AFP WORKERS at Nissan Japan's second-largest car manufacturer are to give up part of their annual holiday to meet a rapid rise in sales at home and abroad, a company spokesman said in Tokyo yesterday. Kyushu factory workers who make Sylvia,
    AFP  -  254 words
  • Article
    Lock icon Ceramic car engine being studied
    111 18 AFP SIX Japanese firms, including three leading car makers. have begun feasibility studies on a new gas turbine ceramic car engine, industry sources said in Tokyo yesterday. They said the three carmakers Toyota. Nissan and Mitsubishi have been joined by oil distributors and refiners Nippon
    AFP  -  111 words
  • Article
    Lock icon Small rise in US trade deficit for May
    386 18 AFP, Reuter THE US trade deficit for May rose to US$lO.9 billion, up from US$lO.3 billion in April, the Commerce Department announced yesterday. The April figure was revised upward from the US$9.9 billion previously snnounced. In seasonally adjusted figures, the depsrtment said
    AFP,; Reuter  -  386 words
  • Article
    Lock icon Conservatives retain seat in narrow by-election victory
    115 18 Reuter BRITAIN'S ruling Conservative Party emerged narrow victors yesterday from a parliamentary by-election test which the opposition Labour Party also claimed as a boost to its fortunes. A strong performance by the Labour candidate slashed the Conservative majority from 4,447 in last year's
    Reuter  -  115 words
  • Article
    Lock icon Comex gold and silver
    99 18 Reuter COMEX gold futures were slightly higher early yesterday, shrugging off the stronger dollar, and drawing sympathetic strength from firmer silver. August gold rose US$O.lO to U*****.90 an ounce after trading between U*****.50 and U*****.50. Comex silver futures were higher but off the highs after early
    Reuter  -  99 words
  • LATE FILE
    • Article
      Lock icon Japan to give more overseas aid
      62 18 Reuter JAPAN yesterday announced its biggest increase in government spending for six years to meet international demands that it give more to poorer nations, and to strengthen its armed forces. Budget guidelines approved at a cabinet meeting said there would be a 9.4 per
      Reuter  -  62 words
    • Article
      Lock icon Prem is willing to return as PM
      70 18 UPI THAI Prime Minister Prem Tinsulanonda yesterday indicated he was willing, if asked, to return as prime minister after the July 24 general elections even though he is not running as as a candidate. "If asked by my colleagues to serve. I (would)
      UPI  -  70 words
    • Article
      Lock icon Jakarta seeks refinery finance
      57 18 UPI INDONESIA has unveiled plans to switch from shipping crude to selling petroleum and other higher-value refined products. Launching a search for foreign partners to help finance a refinery construction programme, Energy Minister Ginandjar Kartasasmita said the new plants would produce for Japan, the US and
      UPI  -  57 words
    • Article
      Lock icon Airlines call for safer Gulf routes
      32 18 UPI WORLD airlines demanded yesterday safer routes in the Gulf region and effective measures in general to improve co-ordination between civilian flights and military activities. UPI
      UPI  -  32 words
    • Article
      Lock icon US Navy fliers 'well treated'
      36 18 UPI THREE US Navy fliers who ditched their plane on Tuesday near the disputed Spratty Islands have been rescued by Vietnam and are being well treated. Radio Hanoi said yesterday. UPI
      UPI  -  36 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      115 18 Your family's happiness in Singapore will be determined by the environment in which they live. That's why you owe it to yourself to check out Ardmore Park. School buses call at the gate... there is aerobics, squash, tennis, swimming, chip and putt and special interest classes for all. Above all
      115 words
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      Page 18 Advertisements Column 2
      110 18 Stylish, formal and professional, St Michael's business suits are tailored to give a perfect fit The smart, neat lines of the jacket and trousers are nicely complemented by classic pin stripes. The long-wearing blend of wool and polyester ensures that the suit maintains its crisp good looks. Illustrated: Jacket $269.90
      110 words