The Business Times, 13 August 1988
1988-08-13
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The Business Times
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Title Section12 1988-08-13 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, August 13-14 1988 75 CENTS12 words
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Article264 1988-08-13 1 Reuter Dow Jones down NEW YORK stock prices lost more ground yesterday morning as rising interest rates kept downward pressure on the market. The Dow Jones Industrial Average slipped 10.32 points to 2,028.98 in the first hour of trading. Declining issues outnumbered advances by more than fiveReuter - 264 words
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140 1988-08-13 1 LATE SELLING of US dollars in Asia, particularly Singapore, sent the American currency closing lower against the West German mark yesterday. But it rose marginally against the yen. Dealers said traders were generally cautious, preferring to wait for the release next Tuesday of140 words
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Article469 1988-08-13 1 LEE HAN SHIH; CORRINA LIM - Price of $120m-slsom being tested in the market By LEE HAN SHIH and CORRINA LIM IN THE LATEST of its many deals, the listed United Industrial Corporation (UIC) is planning to sell The Promenade along Orchard Road. Property sources say UIC has been testing469 words
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Article, Illustration122 1988-08-13 1 REGIONAL STOCK markets ended yesterday on an uneasy note ahead of the weekend and next Tuesday's release of US June trade figures. In Singapore, prices were generally firmer in early dealings. But profit-taking and a lack of follow-through buying in the afternoon saw most of122 words
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549 1988-08-13 1 CHUANG PECK MING - By CHUANG PECK MING PARLIAMENT yesterday gave its support to the principle of constitutional safeguards for the country's reserves and the integrity of the public service. A bill for a popularly elected president, based on a White Paper tabled recently, will be ready549 words
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Article, Illustration332 1988-08-13 1 Reuter BURMESE LEADER Sein Lwin has resigned as chairman of the socialist ruling party and state president after five straight days of nationwide violent demonstrations demanding his removal, according to a state radio report. The 64-year-old former brigadier took overReuter - 332 words
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Page 1 Advertisements
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Advertisement282 1988-08-13 1 iko The World's Finest Photographic System. Full report, PAGE 14 Regional markets, PAGE 16 World markets, PAGE 17 mi LIKE EVERYTHING else, peace has a price. With the return of peace to Iran and Iraq, the price is the collapse in the black-market prices of gold and the dollar, leading282 words
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Advertisement202 1988-08-13 1 1 iko: Th« World's Finest Photographic System. K4&. V L -V V m Rights of passage Page 7 NpsmH THvtai The times they are a-changing Page 7 The king of Italian wines Page 9 How much is too much? Page 9 Weekend programmes; next week's top slots Rebel with a202 words
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HOME NEWS
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554 1988-08-13 2 FOO CHOY PENG - By FOO CHOY PENG THE SECOND and last day of the debate on the proposal for an elected president saw several MPs urging the government to hold a referendum on the plan and/or to refer it to a Select Committee. While most were554 words
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479 1988-08-13 2 ANNA TEO - YESTERDAY IN PARLIAMENT By ANNA TEO FINANCE MINISTER Dr Richard Hu spoke yesterday about why an elected president is the best way of protecting the country's reserves. The powers vested in the president need not be extensive, but they should include479 words
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477 1988-08-13 2 TOURIST arrivals in Asean last year topped the 12 million mark for the first time, a rise of 13 per cent over 1986. Asean's first attainment of double-digit growth since 1981 provided a rosy picture for Asean tourism in the years to come,477 words
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Article197 1988-08-13 2 MR ROY MACKIE has been appointed general manager, special projects by Singapore Newspaper Services Re Ltd (SNS). The appointment takes effect from Aug 15. Mr Mackie will be responsible for business development, marketing and management of the company's Teleview project. SNS is a member197 words
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200 1988-08-13 2 THE OVERSEA-CHINESE Banking Corporation has become the first local bank to organise a mass walk-in recruitment exercise in an attempt to solve its shortage of clerical staff. The exercise, organised by the bank's personnel department, took place at the Westin hotel on200 words
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371 1988-08-13 2 SINGAPORE CONTRACTORS are going after building jobs at home and overseas with a vengeance. In Taiwan, they are fighting for $120 million worth of building jobs, including a project on the Taipei Mass Rapid Transit system. At home, they have371 words
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Article73 1988-08-13 2 SCANDINAVIAN Airline* (SAS) will increase its weekly scheduled flights to Singapore to five starting on Aug 30. The new flight leaves Copenhagen on Monday, arriving in Singapore on Tuesday. It departs from Singapore again at 9.35pm on Tuesday The other four flights leave Singapore on73 words
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Article1235 1988-08-13 2 AT CONVENTIONAL WHARVES Iron WiU Surabaya II J8/9 12 alongside alongside 13.06/1830 1308/2300 VUMl Bfth Arrival Departure Yeong Dor 606 Aulia Serayo 12 Jl alongside 13 08/0300 13.08/0600 14.CV2300 KEPPEL WHARVES Dwei Serayo J2 13.06/1600 16 Co/0500 Dengyun Golden Hoven Koto Wongi lan Petoling 3 K29 <331,235 words
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Page 2 Advertisements
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Advertisement135 1988-08-13 2 Welcome to the new comforts of home There are changes in the air at Hotel W* t Equatorial Kuala Lumpur. Most ifRV /Ly/ important is the total make-over in 1 our rooms and suites, now in a modem, contemporary style that's charmingly comfortable. A new refreshing kx>k greets you at135 words
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Page 2 Miscellaneous
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Miscellaneous33 1988-08-13 2 mm /sS'tZ Montreal Moscow Nassau New Delhi New York Nicosia Oslo Paris Perth Rio 'Janeiro Ron* San Frts'co Son Juan Santiago Sao Poulo Seoul Stockholm Sydney Taipei Tokyo Toronto Vancouver Vienno Warsaw Washington33 words
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OVERSEAS
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430 1988-08-13 3 AFP HONGKONG'S anti-graft body yesterday said merchant bank Wardley Ltd was wrongly named in six of 25 bribery charges filed against eight past and present Hongkong Stock Exchange officials. The Independent Commission Against Corruption (ICAC) said: "Due to a typographical error the nameAFP - 430 words
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175 1988-08-13 3 Reuter THAILAND'S new Finance Minister, Pramual Sabhavasu, said he had no plans to privatise state enterprises but he would streamline money-losing agencies to help them compete with the private sector. Mr Pramual reiterated on Thursday statements made by leaders of his dominant Chart Thai (ThaiReuter - 175 words
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Article918 1988-08-13 3 ARRIVALS Operator Sorvlco Local From number tfcTM MAS MH607 0920 KUL ACA ACS 88 0925 YYZ/LHR/BOM SU SQ103 0950 KUL CPX CX710 0955 CGK CAL 0806 1000 CGK GlA GA960 1100 CGK SU SQ105 1105 KUL RBA BU2t 1130 BWN TMA TL361 1130 BEY/SHJ StA SQ201 1145918 words
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469 1988-08-13 3 Reuter THE US AGRICULTURE Department has predicted that the US drought, considered the worst in half a century, would lead to dramatic declines in this year's harvests of corn, soybeans and wheat. The department's monthly crop report estimated US farmers would produce 4.48 billionReuter - 469 words
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162 1988-08-13 3 AFP THE US Commerce Department has said it will loosen some restrictions placed on Japanese memory chips that forced chipmakers to price them artificially high. The changes apply to two kinds of chips covered in a 1986 anti-dumping agreement between the United StatesAFP - 162 words
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114 1988-08-13 3 AFP JAPAN WILL EASE restrictions on exports of business computers to China later this month, Tokyo government sources have said. This policy will be in line with an agreement by the 16 members of the Coordinating Committee for Multilateral Export Controls (Cocom) toAFP - 114 words
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225 1988-08-13 3 AFP THE US SENATE on Thursday approved by an overwhelming majority a US$2B2-billion defence budget with a tough message for US allies. The message, in essence, was: "We expect you to pay a fair share of the allied defence bill."AFP - 225 words
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399 1988-08-13 3 AFP WEST GERMAN monetary authorities sought on Thursday to head off a dispute over interest rates with the United States, but warned that a further rise in the dollar's value would be "problematic". Finance Minister Gerhard Stoltenberg said that the recent appreciation of theAFP - 399 words
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147 1988-08-13 3 Reuter THE AUSTRALIAN Conciliation and Arbitration Commission has set a minimum 3-per-cent pay rise for the country's 7.3 million wage and salary earners from Sep 1. 1988. The commission said workers would be entitled to a further ASIO a week increase six monthsReuter - 147 words
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163 1988-08-13 3 AFP THE Bank of England warned on Thursday that inflation in Britain could rise in the short term but that an annual economic growth of 3 per cent was sustainable. Domestic demand, growing at nearly 7 per cent for the year endedAFP - 163 words
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Page 3 Advertisements
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Advertisement62 1988-08-13 3 f I iM \l j£ If I \M The business person's choice, every I I II 111 I Tuesday. Thursday, Saturday and I 1 l|\ 1 w\ \l II m Sunday. Leaving Changi Airport at _L 1 X 22:05 hours and arriving at Lester B. Pearson International Airport the following62 words
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Advertisement169 1988-08-13 3 ■A &jjfe zlj n&frifcf c H a W, i,- 9K ■> <V. H /'lw: •it* m C. m cA f C: 4 T v ♦V. Burberry r** Authorised Dealers: DAIMARU ISETAN-HAVELOCK, ORCHARD LE CLASS I QUE METRO GRAND LUCKY PLAZA ROBINSONS SOCO A/W EAST REPTILE HOUSE F J BENJAMIN CHANGI169 words
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Page 3 Miscellaneous
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Miscellaneous45 1988-08-13 3 Doonesbury BY GARRY TRUDEAU AFTER you've GIVEN THEM THE 6PANP TOUR, TAKB THEM UP TO THE OBSERVATION PECK, ANP I'LL LANPtNTHEJET HEUCOPTER! THEN S f Y THEN YOU ALL JIMP OUT AND YELL, "SURPRISE!* BRJLUANT. GOP, TM LEARNING A LOT FROM YOU! 1 1 mm45 words
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MONEY AND EXCHANGES
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Article364 1988-08-13 4 Asian dollar deposit rates closed at firmer opening levels yesterday after a day of light trading. Dealers said most operators were awaiting the day's release of US July producer price index figures. Short-dates firmed between 1/8 and 1/4 point at the outset due to a surge in364 words
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Article1698 1988-08-13 4 Oversea-Chinese Banking Corporation Reuter SINGAPORE: The American currency finished easier yesterday against most major currencies. Against the Singapore dollar, the US dollar closed easier at $2.0385/95 in erratic trading. It traded within a range of $2.0420 and $2.0395. It opened initially at $2.0400/10. The greenback closed higher againstOversea-Chinese Banking Corporation; Reuter - 1,698 words
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Article71 1988-08-13 4 THE OVERNIGHT rate on the Singapore money market rose 1/4 point yesterday to end at 4-1/2 per cent. The one-month term rate rose by 1/16 point while the two and threemonths rose by 1/8 point each. S$ Interbank rates at the close yester day: OffW MO night 471 words
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Article105 1988-08-13 4 Treasury bills 1 Period Issue Yesterday's closing Day's code Maturity BID OFFfR HIGH LOW 3 months BQ*****T 10.11.88 4.10 4.05 4.10 4.08 6 months BY*****T 24.11.88 4.14 4.09 4.12 4.12 1 yeor BY*****S 20.07.89 4.52 4.47 4.47 4.46 Government notes and bonds Period Issue Maturity Coupon Yesterday's105 words
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Article161 1988-08-13 4 Gold futures on Aug 11, 100 troy ouncts USS par troy ou nca Opon M* Low MM 439 80 430.30 427.90 429.30 4-aiO S*p 430.90 Oct 433 40 434.80 431.50 ***** 0.20 DK 439 40 440-50 437.40 439.20 0.20 F«b 445.50 448.00 444.20 445.20 0.20 Apr 451.10161 words
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Article485 1988-08-13 4 SEPTEMBER Eurodollar futures on the Simex opened at 91.27 yesterday, unchanged from Chicago's close as a half-point increase in US prime rate was within market expectation and had little impact on the market. Trading was quiet and confined to a narrow range of 91.25 to 91.28 in the September485 words
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Article, Illustration186 1988-08-13 4 Indicate# the average of the prime lending rates of 12 major banks In S'pore Interbank market rates (offer/bid) on Aug 12 us$ DM SWfC 7 days 3/a 1/4 IO i/4 i/a 5 1/16 4 15/16 3 3 4 5/16 3/16 1 mft> a 1/16 3/16 0 7/a186 words
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Article1446 1988-08-13 4 CURRENCY FUTURES OPTIONS Friday, Aug 1 2, 1988 DEUTSCHE MARK (SIMEX) H8«t« Sad S8 can* Law SaM High •*9 mm* Low OoR SO BA 53 35A 31 S3 95 95 95 6SA 64 54 478 SO 122A IIS 55 33 23 33 196A 193 56 3S4A 279 57 sa1,446 words
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Article243 1988-08-13 4 Reuter CURRENCY FUTURES on the IMM ended sharply higher on Thursday, with most contracts settling just below the day's best levels. Values traded on the plus side all day. extending the early advance and posting fresh highs throughout the afternoon. Traders said there were no discernable new developments toReuter - 243 words
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COMMODITIES
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Article163 1988-08-13 5 CONTINUED DEMAND pushed the Kuala Lumpur tin price another three cents higher yesterday to close at M 519.27 a kg. Sterling's continued strength against the ringgit left the local market on par with the European spot tin price. This prompted sustained buying from Europe and locally, and fresh163 words
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Article100 1988-08-13 5 CRUDE ended easier in lacklustre trading yesterday but most product markets experienced gains. Players were, however, nervous of the sudden rise as most market were still bearish. Closing prices for crude (FOB origin) US$/barr»l Chang* Topis (Sep) 14.90 0.05 Minos (Aug) 14.15 -0.15 Dubai (Sep) 13.30 0.08100 words
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Article411 1988-08-13 5 MALAYSIAN CRUDE PALM OIL FUTURES closed off the dey's highs yesterday on profit-taking and renewed selling as operators liquidated their positions ahead of a long weekend. Prices had firmed early in anticipation of a surge in Chicago soy complex futures following the bullish USDA soybean crop report on411 words
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Article169 1988-08-13 5 Chinese Produce Exctisnge Sellers' noon dosing prices on Aug 12 (S$/100 kg) Coconut oil Bu* FOB 126.00 OW drum FOB 140.00 New drum FOB 136.00 Copra Mixed (loose) 72 sellers Pepper Muntok white FOB NLW 792.50 Sarawak white FOB foq NLW 777.50 Sarawak spedol block FOB NLW 445.00169 words
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Article291 1988-08-13 5 London Commodity Exchange Buyer/Seller closing prices on Aug 11 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basil in-store London, sellers option OF London Sep 980/983 (1012/1013 High/Low 1021/985 Nov 995/997 (1021/1023) High/Low 1032/992 Soles (3973) Cocoa Sep 903/904 (951/952) High/Low 945/903 Oec 885/887 (928/929) High/Low 924/881291 words
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Article291 1988-08-13 5 RAS prices In S cents/kg, FOB In balM NOON CLOSE Buyers S*ll*rs Bo yon Seders lot 1 RSS Prompt 259.50 260.50N 259.00 260.00N bit 1 RSS S*p 88 259.50 260.SON 259.00 260.00N bit 1 RSS Oct 262.00 263.00N 261.50 262.50N lot 2 RSS OP 256.50 258.50N 256.00291 words
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Article226 1988-08-13 5 SINGAPORE Prices closed slightly higher yesterday with September RSS One buyer quoted at 259.00 cents a kg. up 1.50 cents from Thursday's close. After a slightly higher opening in line with a firmer Tokyo market, prices fluctuated within narrow ranges due to lack of fresh factors in thin morning226 words
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Article73 1988-08-13 5 (tunn/kg) SEPTEMBER 1988 OCTOBER 1988 (currant month) (forward month) RAS NOON NOONtvyn tvyun Stlltn SS8 30 225.50 227.50N 232.50 227.50N SSR SO 225.50 227.SON 335.50 227.50N MRELB 1«y*r» lwy«fi lilm SMR cv 430JO 432.50N 433.50 4 34.SON SMR I 430.50 432.SON 433.50 434.50N SMR 3 301.00 303.00N73 words
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Article353 1988-08-13 5 HONGKONG: The metal closed slightly lower yesterday in quiet trading on light selling by local and overseas investors. Bullion opened higher, but sellers soon emerged to push prices lower, although there was no news to move the market. It ended at U*****.50/90 an ounce against an initial U*****.40/90353 words
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Page 5 Advertisements
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Advertisement13 1988-08-13 5 The soybean and wheat reports are not available due to pressure on space.13 words
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Advertisement16 1988-08-13 5 ecu*"} °U s 5,3f Pg \N v AT SCOTTS 10AM-9 30PM DAILY EXCEPT SUNDAYS TEL *****3316 words
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Article530 1988-08-13 6 BT on Saturday LIKE EVERYTHING else, peace has a price. Like everything else again, that price is bound to be higher on the black market than elsewhere, except that, in a sweet reversal of fortunes, it is the seller and not the buyer whoBT on Saturday - 530 words
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Article, Illustration849 1988-08-13 6 JAN M ROSEN - By JAN JAN M ROSEN NYT TOO OFTEN in America, the signs of success the lovely home, the prestige car are actually signs of debt. While the debtor ought to control the debt, all too often its the other way about, leading to secretNYT - 849 words
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163 1988-08-13 6 SMALL INVESTOR - letters to the Editor SMALL INVESTOR Deer Sir Re: Release Of Corporate Results The release of corporate results does affect the share price of the respective companies on the very same day they are released. However, the small investor is at a disadvantage as he gets163 words
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Article, Illustration755 1988-08-13 6 CAROL J WILLIAMS - By CAROL J WILLIAMS AP ON A HOT. sunny day at spm, about 40 foreign tourists clustered around the locked doors of the Baskin-Robbins ice cream parlour to await the end of the Soviet staff's two-hour lunch break. At 5:10 the glass doors partedAP - 755 words
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376 1988-08-13 6 CHIA KEE KOON - CHIA KEE KOON Public Relatione Officer Budget Division Ministry Of Finence Doer Sir Under the headline "Govt acts to convert documents to PCs" the Business Times reported on July 22, 1986. that the Singapore Government had commissioned a UK systems house to convert its376 words
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372 1988-08-13 6 JEREMY C G RAMSEY - JEREMY C G RAMSEY Managing Director Rolex Singapore Pte Ltd Dear Sir I refer to the article in Business Times on Aug 1, 1988, headed Performance by 1987 Rolex Winners' compiled by Shaun Koh. The tone of the article is extremely unfair and looks as if372 words
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Page 6 Advertisements
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Advertisement44 1988-08-13 6 BT welcomes letters from readers. Your letters must include your signature, full name, address and home and office telephone numbers, if any. You may add a pseudonym if you wish. Address your letters to: The Editor Business Times 390 Kim Seng Road Singapore 092344 words
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Page 6 Miscellaneous
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Miscellaneous713 1988-08-13 6 CRYPTIC PUZZLE ACROSS 9 Left it in the poem I composed a rude word (8) 10 Mess the cockney made of the tree (3) 11 Understand and get the measure of the sailor (6) 12 Back in form, perhaps, make a mistake (4,2) 13 Keep it. it will do another713 words
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Miscellaneous39 1988-08-13 6 Cm You GeX this T wPeD £>V F|V c o' clock*? Ls* eft I'LL TRY UJHO TM£ U)HPO" TH£ P HOU3 TH£. o 8lGH! Ravings OF A CH ILD f~,n J vJ Oi 1 < EVENING STANOAAO CO LTD.. IH2—IMI39 words
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Executive Lifestyle
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Article211 1988-08-13 7 ON NATIONAL DAY EVE, which coincidentally was auspicious Monday, 8.8.88, the government released figures for Singapore's economic growth 11.1 per cent for the first half of the year. While the high growth has drawn considerable attention, another figure raised eyebrows for a different reason. Growth for211 words
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Article, Illustration1972 1988-08-13 7 MONICA GWEE - A broadening, affluent middle-class, impatient to get ahead, are being guided by marketers on how to give the right signals befitting their position in life. MONICA GWEE explores the markers of three "brands" of people and the lifestyle signals1,972 words
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Article, Illustration951 1988-08-13 7 WALTON MORAIS - {Wow"- With WALTON MORAIS MALAYSIA NO. 1 (History Miracle). The graffiti, scrawled in chalk on the blackboard by a departing student, told its own story. Pour years after I had left Raffles Hall, my old university hostel at Bukit Timah, the sentiment behind that simple951 words
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Page 7 Advertisements
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Advertisement85 1988-08-13 7 eauec2) <y Since 1775 1/ X X Breguet: Precision mastery since 1775 Abraham Louis Breguet (1747 1823) was one of the most phenomenal watchmakers history has ever known. His genius was an overriding influence not only on watch-making techniques but also on the beauty of the finished object. Shown here:85 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration608 1988-08-13 8 SANGEETA MULCHAND - WATCHES By SANGEETA MULCHAND ONE WATCH is all you need to tell the time. But for Arthur and Vivian Gan of Good Old Days. close to five hundred timepieces are more like what they need to tell of the times. The brother-sister team are608 words
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Page 8 Advertisements
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Advertisement248 1988-08-13 8 csa/l(mlms Where to eat, drink Barens^N .TOPinifnfTMft A iMßfly Eailng Affair Give yourself and your family a treat this Sunday and indulge in sheer eating pleasure. Our Baron s Sunday Buffet is a potpourri of impeccable local and western cuisines. For the young ones, we have specially set aside a248 words
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Advertisement194 1988-08-13 8 Ernest Greg is y n The JADE LOUNGE is the perfect spot to relax in, after a hard day at work. Ernest and Greg provide a hot new entertainment style. With a rich repertoire of ballads, old favourites and impersonations. Ernest is a soloist and plays the guitar while Greg194 words
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Advertisement237 1988-08-13 8 THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon at an ungourmet price l For starters take your p«ck of our cold dishes prawns on ice fresh oysters smoked salmon, melon and dried ham, vegetable ternne mined seafood salad cooked assorted vegetables and homemade dressings Select your237 words
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Advertisement233 1988-08-13 8 i iuiii 1111 a I a 5 ■Bl •'.'->< m^4 i a® Bring 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. fit But only on Sundays between 11.30 am and 2.30pm. And for233 words
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Advertisement161 1988-08-13 8 Vk, The Matterhorn beckons! Savour the works of Swiss masters at the Belvedere. In our month-long fair stretching from August 1 -31. With Jellied trout, Rindsroellschen, Fresh oysters, Sauerkraut swiss style, Fondue neuchateloise, Nut croissants, authentic Swiss rolls and lots more! Come enjoy over 60 traditional favourites at just S3l161 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration822 1988-08-13 9 N K YONG - Barolo the king of Italian wines WINE By N K YONG YOU DO not see many bottles of 1947 Barolo around, and it would be an even rarer occasion to be invited to drink one. We had gone to Alba, the centre of the Barolo wine producing region of Piedmonte,822 words
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896 1988-08-13 9 RICHARD SEAH - HEALTH By RICHARD SEAH HEALTH CONSCIOUSNESS for many Singaporeans stop* just there at the level of consciousness. A recent survey by the Ministry of Health found that most Singaporeans more or less know what is good or bad for their health.896 words
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SHORT TAKES
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Article76 1988-08-13 9 DUTCH prostitutes have launched a campaign against tourists who photograph them as they sit in streetlevel windows in Amsterdam's red-light district to attract customers. They ssy picture-taking invades their privacy and drives away their clients. The prostitute's union, Red Thread, said it was distributing "No cameras"76 words
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Article194 1988-08-13 9 THERE'S an alternative for those in Bridgeport. Connecticut in the US who don't like this year's Democratic or Republican presidential candidates: Pogo. Pogo Possum, the cartoon creation of the late Walt Kelly, named Mamselle Hepzibah, the skunk with the French accent, to stand as his woman running194 words
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Article108 1988-08-13 9 BRITISH SOLDIERS, who for years have marched on bully beef and beans, are to be issued with new rstions such as chicken snd pasta The British defence ministry announced the new rations would provide for a better diet and more calories. The new rations, in sealed108 words
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Article126 1988-08-13 9 TALK about striking it rich. A tourist digging in Crater of Diamonds State Park in Murfreesboro, Arkansas, US, unearthed a 3.76 carat canary yellow diamond. The gem-quality oval stone was found by Patricia Albin of Minnsota and is "very valuable" said Park Ranger Marcel Hanzlik126 words
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Article139 1988-08-13 9 A VISITING JUDGE in Houston trying to restore order to his courtroom by slamming a gavel on the bench, got an unexpected reaction. The gavel, belonging to county court-at-law judge Alfred Leal, was glass, and filled with 12-year-old Bourbon. The blow broke off the bottom of139 words
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Page 9 Advertisements
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Advertisement304 1988-08-13 9 and entertain <6 4 f 4 r x. Sunday Brunch: A great family outing Ifs a wonderful way to combine a late breakfast with an earty lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings,304 words
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Advertisement196 1988-08-13 9 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE Of-" MAIN COURSES For between $26+ and $40 I OU can se ecl f rom our appetiser LjInILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And finish196 words
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Advertisement54 1988-08-13 9 »>*>. w%%,. m I 1 1 I 1 iWf/, z Vs. V/ fOlL* MATURED QUALITY GUARANTEED m I wz HI 1 I FINEST SCOTCH WHISKY f 7 BLf NDCD BOTUEO ■tyroye SSa/lattime tiefon. %wu/ed C/)u//ZArj ~~2)i/m6ar<ott. e&cf/aad PRODUCT Of SCOTLAND 01 MPOT OIM *U*O»ALH* «nt*L'MSSm«NO SO iAIAN KRCIUU. KUIM. JATi54 words
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Page 10 Miscellaneous
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Miscellaneous1614 1988-08-13 10 Garbo, Linda Blair and mega stars A high-powered cast, including Paul Newman, Henry Fonda, Lee Remicfc and Michael Sarrazin make tonight's movie offering Never Give An Inch about the tragedy that befalls a modern-day logger family when they refuse to participate in a local strike action against the big lumber1,614 words
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Miscellaneous1020 1988-08-13 10 '/>! M l SATURDAY Obbc 88.9 mHz In VHF Band II 6AM World News 6.09 The World Today. 6.25 Presenstation Programme 6.30 Financial News 6.40 Reflections. 6.46 Sports Roundup. 7.00 World News. 7.06 Commentary. 7.15 From the Weeklies. 7.30 Multitrack 3. 8.00 World News. 6.00 News about Britain. 6.15 Radio1,020 words
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Executive Lifestyle: Entertainment & the Arts
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Article, Illustration527 1988-08-13 11 SANGEETA MULCHAND - NIGHT SPOTS By SANGEETA MULCHAND COMPETITION makes people come up with the strangest ideas. But a lady having her head chopped off? Or a man laying eggs? Granted that the newer and trendier discos of Orchard Road are posing a serious threat527 words
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Article, Illustration832 1988-08-13 11 Roger Loh - x Roger Loh IT MAY BE my own peculiar misguided distrust, but there are no genuine tough-guy rebels. If James Dean was alive today, he'd probably be working on the Disney lot. Look at Marlon Brando. Superman's father indeed! Even832 words
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Article, Illustration541 1988-08-13 11 PAUL KHOO - CINEMA By PAUL KHOO ALFRED HITCHCOCK movies engage us because they play upon our everyday fears. In a world where mundane happenings take a sinister turn, the Hitchcock hero is an everyman solid, unexciting, perhaps even a slow member of the middle class whose predicament the audience541 words
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Article, Illustration730 1988-08-13 11 Roger Loh - by Roger Loh NOT MANY PEOPLE go to the movies these days to watch a good performance. Not that it makes any difference judging by the current spate of pre-destined box-office hits irrespective of acting quality. Sylvester Stallone can't act, and Paul Hogan's not very730 words
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Article734 1988-08-13 11 Sakina Dhilawala - Compiled by i Sakina Dhilawala CINEMA: Rambo HI starring Sylvester Stallone. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15, Golden Sultan: 1.30; 4; 6.30; 9. Bedok: 1.30; 4; 7.30; 9.30, Broadway: 1.30; 3.30; 7; 9. Majestic: 1; 3.30; 7; 9.30, Odeon-Katong: 3.30; 7; 9, Regal: 1.30; 3.30; 7; 9.15,734 words
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Article, Illustration539 1988-08-13 11 LISA LEE - TRAVEL By LISA LEE "I THINK this is a mistake," concluded one of our travel-worn companions soberly. And from the looks of the mud-coated floor of the bathrooms. the crowds of people swarming the tiny canteen and the numerous plebeians bathing themselves in theSource: A PUNCH cartoon - 539 words
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Executive Lifestyle: Sports
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416 1988-08-13 12 CHARLES SAVAGE - CRICKET By CHARLES SAVAGE SINGAPORE WILL have to restrict Johor to 150 if it is to stand more than half a chance of beating the visitors in the J&B Rear Cricket Carnival semi-final today at Balestier Road. The youthful team from across the causeway has416 words
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487 1988-08-13 12 TONY DANKER - By TONY DANKER THE KNOCKERS have been at it for as long as I can remember, insisting that cricket is dying in Malaysia. That rigor mortis is imminent. Somehow they have all been proved wrong. For the truth of the matter is that,487 words
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Article, Illustration332 1988-08-13 12 TENNIS AP AUSTRALIAN Mark Woodforde won 12 straight games on Thursday to defeat 15th-seeded Peter Lundgren of Sweden in the third round of the US$Bl5,OOO Player's International. Woodforde, who upset second seed Stefan Edberg of Sweden on Wednesday, advanced to the quarterfinals with a 6-3, 6-0 victoryAP - 332 words
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Article, Illustration640 1988-08-13 12 Mike Thumba - B "dge P* Mike Thumba MANY CONTRACTS have come to grief due to the opening lead. On the other hand, if the defending opening leader takes some time to ponder over the bidding and then makes a calculated opening lead, he is almost640 words
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Article, Illustration694 1988-08-13 12 GOLF AP 808 GILDER took the first-round lead in the Professional Golfers' Association Championship, and then criticised the calibre of the players in the competition. "How to be tactful?" Gilder said on Thursday when asked about theAP - 694 words
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399 1988-08-13 12 BOXING AP TYRONE DOWNES has always bean a fighter. When you grow up the eldest of 20 brothers and sisters in a poor suburb of St Joseph, Barbados. life is destined to be a struggls. Downes, 30, gets the biggest opportunity ofAP - 399 words
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Article, Illustration332 1988-08-13 12 AFP WORLD HEAVYWEIGHT boxing champion Mike Tyson looks set to make his comeback in October against Frank Bruno of Britain, but doubts still linger. Tyson's manager Bill Cayton and Jarvis Astaire, deputy chairman of the Wembley Stadium Company, have said Tyson willAFP - 332 words
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574 1988-08-13 12 Jerome Fandor - Oh TMCK With Jerome Fandor THE INCLUSION of a Class 3 race on Sunday means that Impeccable will get the chance to race at the current Selangor meeting after his failure in the Stamford Arms Handicap in Selangor in574 words
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Executive Lifestyle: Personal Investment
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630 1988-08-13 13 KEVIN GWEE - ECONOMIC TRENDS Keeping tratk... By KEVIN GWEE BABY BOOMERS in America, those now in the 24- to 44-year-old age group and who account for onethird the population, are a powerful demographic force. Over the next five years, how they spend or save630 words
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709 1988-08-13 13 LONG SHIH ROME - STOCKS mm By LONG SHIH ROME THE AVERAGE INVESTOR probably doesn't realise it, but the four packaging company stocks listed on the local exchange have among the highest return-on-equity ratings. These range from 6.6 per cent for Metal Containers Ltd to as high709 words
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Article, Illustration863 1988-08-13 13 RAMESH CHANDIRAMANI - INTEREST RATES By RAMESH CHANDIRAMANI EVERYWHERE from Tokyo to Singapore and the United States, analysts are saying that rising interest rates generally spell bad news for stock markets. Which is why stock prices in those centres and other world markets fell sharply on Wednesday after the Federal863 words
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Article, Illustration224 1988-08-13 13 v> tt y «i RC IT IS the nature of market corrections to strike when least expected. In last week's column, I acknowledged I had been too early in calling for a correction, stating that it appeared to have been delayed.RC; Source: Investamatic - 224 words
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Page 13 Advertisements
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Advertisement512 1988-08-13 13 BT welcomes Investment ideas and viewpoints from brokers, bankers and other readers. Addrees all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923. NOTICE NOTICE IS HEREBY GIVEN that, I Tan Tai Seng of Apt Blk 202, Bedok North Street 1, #07-505 Singapore (1646), has512 words
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Advertisement482 1988-08-13 13 NOTICE NOTICE IS HEREBY GIVEN that, I Ng Cheng Chuan, of Blk 102 Bishan St 12 #16-280 Singapore (2057), has applied for a Beer House First Class licence in respect of premises at M/s Tian Tian Garden Eating House at 7 8 Hokkien Street Singapore (0104), and that this application482 words
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Advertisement491 1988-08-13 13 NOTICE NOTICE IS HEREBY GIVEN that, I Cheung Sen Yong of No 26, Swiss Club Road Singapore (1128), has applied for a Retail Beer Shop licence in respect of premises at Mys Deli-93 Food Entertainment Pte. Ltd at Stall No. 8, No. 68 Boat Quay Singapore (0104), and that this491 words
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STOCK EXCHANGE OF SINGAPORE
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Article76 1988-08-13 14 Company RIGHTS ISSUE C K Tang On«-for-two $2.25 per shore Each rights comes with two detochoble TSfc. The exercise price for the TSb. expiring on May 31. 1990. is $2 25 Ex-dot*: Aug 3 Books dose: Aug 16 Company OTHERS Hotel Prop Non- renounceoble offer by S1M81 of76 words
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Article245 1988-08-13 14 Company RIGHTS ISSUE A M 0 B One-for-four <Q SO50 per shore C 1 Holdings 27 million loan stocks in the ratio of $3 loon stock for every five ordinary shores held Dvta Cons One-for-one $1.10 per share F N Two-for-five $3.00 per shore F A C B245 words
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Article143 1988-08-13 14 CK TANG Limited: 28th AGM at 310 320 Orchard Road, Singapore 0923, today, Aug 13, at 11am. KILLINGHALL (MALAYSIA) Berhad: 10th AGM at N0.49 Jalan Hang Lekiu, Kuala Lumpur on Wednesday, Aug 17, at 2.30pm. The UNITED MALACCA RUBBER ESTATES, Berhad: 74th AGM at No BH, Jalan Laksamana143 words
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Article296 1988-08-13 14 Managers' prices for Aug 13 and 15 Singapore Unit Trust The Commerce 104 III The Savings Fund 092 098 S'pore Prog Fund 043 047 S pore Sec Fund 068 0 73* S'pore Invest Fund on 077 S'pore Equ<<y Fund 051 055 Asia Unit Trust Mo* Invest Fund 1296 words
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Article, Illustration724 1988-08-13 14 Long Shih Rome - by Long Shih Rome SHARE PRICES closed marginally lower yesterday due to lack of follow-through support and prof-it-taking. Trading was moderate. A firm opening in the Tokyo market and an overnight reversal of Wall Street's downtrend spurred bargain-hunting for blue chips and724 words
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Article5328 1988-08-13 14 1968 High Low Tel Cod* Company Leal Sale orGr*a Dlv Dlv C'vr Gr'a rid Net P/E Vol (000) Day High Low Laet G Buyer hKrte Seller SECTION ONE MDUSTRIAL ft COMMERCIAL 141 85 218 167 121 460 178 350 129 167 177 297 59% 350 555 5655,328 words
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COMPANY NEWS
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450 1988-08-13 15 LISA LEE - By LISA LEE HONGKONG'S China Entertainment and Land Investment Co last night announced a HK$45O million bid for its affiliate Paul Y Construction, thus ending speculation that local contractor Lum Chang Holdings might buy into the Hongkong construction firm. China Entertainment, controlled by the450 words
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Article, Illustration594 1988-08-13 15 AMY BALAN - Shareholders must have local address to qualify for rights issue By AMY BALAN FRASER NEAVE has amended its Articles of Association requiring overseas shareholders, including Malaysians, to have a Singapore registered address before they are entitled to its proposed $150 million rights issue. A special594 words
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472 1988-08-13 15 KEVIN GWEE - By KEVIN GWEE THE SEMBAWANG GROUP has made further inroads into the Chinese market with the setting up of a consortium with two stateowned enterprises to bid for projects in the oil and gas industry. Sembawang is represented in the new venture by its subsidiary,472 words
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301 1988-08-13 15 PARKWAY HOLDINGS Ltd has declared that its Hongkong subsidiary holds less than one per cent of the paid-up capital of William Hunt Holdings, the company which bought Khoo Teck Puat's Southern Pacific Hotel Corporation. The listed Singapore property group, in301 words
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Page 15 Advertisements
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Advertisement638 1988-08-13 15 ?F=TKVJS fit 53 I 7 &of/i/na/u of &h//jt(a// f jMa/ap&ia )&e>tAad (Incorporated in Malaysia) ANNOUNCEMENT The directors are pleased to announce: 1. Audited results for the year ended 30th June, 1988 change Company Group Company Group Company Group Msooo MSOOO MSOOO Msooo or TURNOVER 360,933 706,546 628,476 628,716 -42.6 12.4638 words
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REGIONAL MARKETS
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753 1988-08-13 16 Attitudes are hard to change, say experts Reuter FOREIGN PRESSURE and a spate of domestic stock scandals are spurring Japanese authorities and financial industries to adopt reforms modelled on US anti-insider trading rules. But financial experts said the reforms are unlikely eitherReuter - 753 words
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Article180 1988-08-13 16 Reuter BRIERLEY INVESTMENTS Ltd (BIL) and its Australian unit Industrial Equity Ltd (lEL) have decided to reconsider a merger of the two companies. BIL, which owns 51 per cent of lEL, said in Wellington yesterday a further announcement would be made as soon as a mutuallyReuter - 180 words
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Article180 1988-08-13 16 Reuter THE BOEING Co is holding unofficial talks with Japanese aircraft makers Mitsubishi Heavy Industries Ltd, Kawasaki Heavy Industries Ltd and Fuji Heavy Industries Ltd on developing a long-range version of the B-767 airliner, according to a Mitsubishi spokesman. Boeing, which declined to comment,Reuter - 180 words
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3834 1988-08-13 16 AN ENCOURAGING start turned sour and share prices closed lower for the third consecutive day on the Kuala Lumpur stock market yesterday. Trading was slow and turnover fell below 30 million units. It initially appeared that the two-day weak spell would end when share prices3,834 words
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Article1434 1988-08-13 16 Hongkong HONGKONG STOCKS closed steady yesterday on light bargain-hunting by overseas fund managers with trading overshadowed by rumours of an imminent increase in local interest rates, brokers said. The Hang Seng Index finished 5.65 points higher at 2,600 93 and the broader based Hong Kong Index was1,434 words
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Article137 1988-08-13 16 AUG 12 •Ul ***** -200 crwi Sugar Daetim irxJ ***** ***** ♦200 1200 Kangwon Ind Kia Motor Koton Ind ***** ***** ***** 500 -100 -1000 Daewoo Corp Daewoo Heavy ***** ***** 500 100 Korea Long Term Lucky LM ***** ***** ♦200 unch i Daiahin Securities Dong Ah Phar *****137 words
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134 1988-08-13 16 AFP GRAND METROPOLITAN, a British diversified group, has announced that its subsidiary International Distillers and Vintners (IDV) has signed an agreement with the Canadian beverage group Seagram for joint distribution of their products in Asia. Seagram is to market and sell its ownAFP - 134 words
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Article515 1988-08-13 16 Reuter TOKYO SHARE prices closed slightly higher yesterday, but failed to hold on to morning peaks, as investors took a wait-and-see attitude ahead of the weekend and the Tuesday release of US June trade figures, brokers said. "People are waiting to see if the dollar steadies or not. TheReuter - 515 words
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Article465 1988-08-13 16 Reuter THE AUSTRALIAN share market closed higher yesterday for the first time in two days, but profit-taking ahead of the weekend and nervousness about Wall Street s performance last night dragged prices from their highs. Brokers said the market moved up on an early surge of buying, which wasReuter - 465 words
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Article239 1988-08-13 16 AUG 12 All Sincere Indus NT t 6 50 96 50 0.15 2 5 Kolin Kuochan Dev Lee Chang Yuen 60 50 59 00 1.5 1 137 50 4 Chang Hwa Bank 884 00 47 30 25 1.3 Nan Ya Plas 103 50 3 Chia Hsin Cement Chin Hsin239 words
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Page 16 Advertisements
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WORLD MARKETS
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Article1036 1988-08-13 17 New York Reuter WALL STREET blue chip stocks on Thursday reversed five straight days of losses to close higher despite news that US banks raised the prime rate. Brokers said the market's belief that most of the bad news on interest rates was over ledReuter - 1,036 words
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Article1067 1988-08-13 17 London Reuter LONDON EQUITY prices opened firmer yesterday in quiet business after Wall Street closed with a small gain on Thursday following a 230-point recovery in Tokyo. Dealers said the market took encouragement from Wall Street's steadier tone after a week of falls there and they sawReuter - 1,067 words
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Article125 1988-08-13 17 HONGKONG All Industrials Hongkong Index Fridoy 1.716 75 Friday 2 599 9 Thursday 2.589 0 Thursday 1.***** Week ogo 2.620 1 Week ogo >.767 39 NEW YORK Hang Seng Index Friday 2.***** Thursdoy 2.595 2B Week ago 2.67 II7 Dow Jones Thursdoy 2.039 30 Wednesday 2.034 14 Week125 words
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Article1159 1988-08-13 17 Amsterdam AIM 11 PL* ABN 44 50 -1 7 Aegon SO 30 -1 9 Ahold 64 20 -1 2 130 80 -42 Alrenta 155 40 AMEV 51 40 -1 9 Amro Bank 78 80 -02 Am Stad 123 00 -2 B«rkel 12 70 BOLS 129 00 -2 5 Borsumii 1021,159 words
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Article65 1988-08-13 17 Reuter BUILDING MATERIAL retailers Wickes Pic is making a 351p per share recommended offer for timber products group Hunter Pic. Wickes said it had already received irrevocable undertakings from major shareholder Hillsdown Holdings Pic and certain other shareholders to accept the offer, in respect ofReuter - 65 words
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392 1988-08-13 17 Reuter BRITISH FOOD GROUP Ranks Hovis McDougall PLC. fighting a bid from Goodman Fielder Wattie Ltd. has forecast a 34 per cent rise in its pre-tax profit to not less than £156 million in the year to Sep 30. It made the forecastReuter - 392 words
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Article, Illustration128 1988-08-13 17 AFP BRITISH PETROLEUM Co. Britain's biggest oil company, has announced a 24 per cent rise in net profit in the second quarter of the year, at £323 million. The result, computed on a re-placement-cost basis, matched financial analysts' expectations. On a historic-cost basis, including gainsAFP - 128 words
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249 1988-08-13 17 Reuter SIX SECURITIES traders in the US have pleaded not guilty to Federal racketeering charges, as defence lawyers alleged the case was brought "to coerce" testimony from their clients against principals at Orexel Burnham Lambert Inc and Goldman Sachs and Co. The sixReuter - 249 words
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190 1988-08-13 17 Reuter MERGER ACTIVITY in the UK will probably be sustained over the next three years by companies positioning themselves ahead of the single European market planned for 1992, the Bank of England has said. International acquisitions, both inward and outward, will become an increasingly importantReuter - 190 words
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360 1988-08-13 17 FT ROYAL INSURANCE and Groupe Victoire. the British and French insurers, have broken off long-running merger talks which would have created a part-Euro-pean insurance group ranking close in size to West Germany's Allianz and Italy's Generali. Victoire maintained a chilly refusal toFT - 360 words
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631 1988-08-13 17 Reuter THE ATHENS stock exchange. formerly one of Europe's sleepiest. is suddenly waking up. A radical reform package just passed by parliament aims to open up the tiny market with a Greekstyle shake-up echoing London's Big Bang of 1986 The plans, which includeReuter - 631 words
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Article87 1988-08-13 17 Reuter FINANCIAL services company Kleinwort Benson Group Pic has revealed that insurance group American International Group Inc (AIG) had raised its holding in Kleinwort Benson to 6.06 per cent from 5.31 per cent. AIG disclosed its 5.31 per cent stake in Kleinwort Benson Lonsdale PicReuter - 87 words
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Page 17 Advertisements
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Advertisement159 1988-08-13 17 CORRIGENDUM Re: Tyrol Industrial (S) Pte Ltd members' voluntary winding up published in the Business Times on 12th August 1988. The name of the liquidator should read Mr Koh Swee Tian and not as Mr Koh See Tian. The error is regretted. NOTICE NOTICE IS HEREBY GIVEN that, I Chan159 words
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Advertisement265 1988-08-13 17 ill m IN THE MATTER OF THE COMPANIES ACT, CAP. 50 FANCYFURN DESIGN PTE LTD (IN VOLUNTARY LIQUIDATION) At an extraordinary general meeting of the company held at 156 Cecil Street #07-02 Far Eastern Bank Building. Singapore 0106 on 10th August 1988 the following Special Resolutions were duly passed:- 1.265 words
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Article, Illustration323 1988-08-13 18 BUSINESS TIMES will, from next Monday (August 15), expand and improve its coverage of the financial markets and provide readers with more in-depth, analytical reports on the major issues of the day. The regular size of the paper will be enlarged by two pages to 20 pages, giving323 words
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347 1988-08-13 18 BOEY KIT YIN - By BOEY KIT YIN A MESSAGE was passed to senior management at Seagate Technology in Singapore on Thursday evening the company is still sound and will survive its current difficulties. This followed a US announcement last Friday that about 100 of its 2,200347 words
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Article81 1988-08-13 18 AP HONGKONG'S total merchandise trade in June amounted to HK583.671 billion (U5510.72 billion), up 33 per cent from the same month last year, the Census and Statistics Department said. Domestic exports totalled HK518.126 billion (U552.32 bil- lion), up 11 per cent from a yearAP - 81 words
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511 1988-08-13 18 SOH TIANG KENG - Move seen as trying to attract more end-users By SOH TIANG KENG Financial Correspondent THE MONETARY Authority of Singapore has upgraded three registered dealers in the government securities market Banque Indosuez, Citibank and Credit Suisse First Boston to primary dealers. As primary dealers, the511 words
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382 1988-08-13 18 Bernama THE MALAYSIAN government will not withhold development for Johor Baru even if the Barisan Nasional loses in the Aug 25 by-election polling for the seat, Deputy Prime Minister Ghafar Baba said yesterday. He said the government would not pledgeBernama - 382 words
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167 1988-08-13 18 AFP THE SOVIET UNION probably has thousands of clandestine millionaires besides hundreds of regular millionaires, a Soviet research economist told a Soviet daily yesterday. T Koriagin, head of department at an economics institute under the state planning agency Gosplan, told the dailyAFP - 167 words
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500 1988-08-13 18 LAWYER FRANCIS SEOW has been served a summons to answer tax evasion charges next Tuesday, a move he described as a bid to stifle dissent. Seow. 59. released about a month ago after 72 days' detention under the Internal Security Act, issued500 words
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Article175 1988-08-13 18 AP AN AMERICAN EXPERT said prosperity in Hongkong, Taiwan, South Korea and Singapore is due in part to a policy of low income taxes. "Confucius may have had little to say about tax policy... but his descendants have been the world's foremost practitioners of supply-side economicsAP - 175 words
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Article68 1988-08-13 18 AFP A LEADING Chinese businessman in Hongkong has accused some mainland officials working in Hongkong of malpractice and corruption and urged Beijing to do something about it, press reports said yesterday. Wang Guangying, dubbed by the Hongkong press as the "Red Capitalist," told the ChinaAFP - 68 words
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302 1988-08-13 18 SINGAPORE AIRLINES plans to get insurance cover for its directors' and officers' potential liabilities, according to SlA's director of corporate affairs. Such protection is necessary, Mr Mathew Samuel says, because of greater consumer awareness and "litigation fever", and because 25 per cent of SIA302 words
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Article100 1988-08-13 18 Reuter COM EX GOLD futures rose on mixed buying yesterday in response to the inflationary implications of the US Deparment of Agriculture (USDA) national crop report on Thursday and the 0.5 per cent rise in the Producer Price Index. October rose US$4.OO to U*****.50 after tradingReuter - 100 words
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LATE FILE
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55 1988-08-13 18 AFP CHINA plans to increase trade with Iran and Iraq after a ceasefire in the Gulf comes into effect on Aug 20. The Ministry of Foreign Economic Relations told China Daily. "China is adopting positive attitudes for a bigger role in the world tradeAFP - 55 words
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Article53 1988-08-13 18 Reuter SOUTH Korea yesterday agreed to march with North Korean athletes at the Olympic opening ceremony if Pyongyang reverses its decision to boycott the games. The International Olympic Committee had proposed on Thursday that delegations from the two Koreas march side by side in aReuter - 53 words
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Article48 1988-08-13 18 Reuter FORMER Sri Lankan Finance Minister Ronnie de Mel yesterday said he would work towards forming a new government. "Only a new government can solve the problems in the south (Marxist rebel activity) and in the north and east (Tamil separatist campaign)." ReuterReuter - 48 words
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Article51 1988-08-13 18 AP The SAARC Council of Ministers yesterday accepted an offer from Pakistan to host the fourth SAARC summit in Islamabad this December, foreign ministers of member countries announced in Kathmandu. Nepalese Foreign Minister Shailendra Kumar said the date will be set after consultations with member states.AP - 51 words
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55 1988-08-13 18 AP ABOUT 2,000 Filippino students and some Roman Catholic nuns marched to Clark Air Base yesterday for an all-night rally demanding closure of US military facilities in the country. About 120 riot police guarded the main gate as the protesters chanted slogans against theAP - 55 words
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Page 18 Advertisements
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Advertisement116 1988-08-13 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 all116 words
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Advertisement131 1988-08-13 18 tv h S\ f A jm r i m y t Hi i. MB Nature knows best when it comes to caring for your skin. Made from soothing, natural plant extracts, St Michael's Extracts from Nature range of toiletries for men works gently yet effectively to renew and refresh your131 words
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