The Business Times, 17 September 1988
1988-09-17
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The Business Times
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Title Section13 1988-09-17 1 BUSINESS TIMES MCI <I J 95/12/87 Weekend Edition, September 17-18 1988 75 CENTS13 words
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Article250 1988-09-17 1 AFP Dow Jones lower WALL STREET stocks were mixed in morning trading yesterday, spurred by the so-called triple witching hour. The Dow Jones Industrial Average dipped 3.38 points to 2,088.90 in the first hour of trading Gainers slightly outnumbered losers, with 508 issues up and 472 down.AFP - 250 words
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166 1988-09-17 1 THE MARKET SENTIMENT for gold and US dollar was bearish in Asia yesterday as inflation fears ebbed and oil prices fell. Dealers said speculators who had been betting that US inflation and interest rates were headed higher bailed out of both gold166 words
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317 1988-09-17 1 HONG LEONG FINANCE yesterday accepted DBS Land's bid of $25.6 million for the Crasco Building next to Raffles Hotel. DBS Land will make a downpayment of 10 per cent of the bid in one week's time, and the balance within eight weeks The listed317 words
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Article, Illustration186 1988-09-17 1 UNCERTAINTY continued to reign in regional stockmarkets yesterday, with Tokyo bucking the downtrend. Dealers said investors were puzzled at the lukewarm response to the better-than-expected US July trade deficit. In Singapore, share prices drifted lower on lack of buying interest. The widely-followed Straits Times Index of186 words
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403 1988-09-17 1 ALVIN TAY - By ALVIN TAY IN A SURPRISING TURN of events, the Post Office Savings Bank (POSB) has told the Big Four local banks that It will not be joining them in the proposed nationwide shared-ATM (automated teller machine) network. But the national savings bank403 words
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Article, Illustration559 1988-09-17 1 TONG SUIT CHEE - By TONG SUIT CHEE THE LONG-DELAYED Orchard Square project, involving a listed company and some $250 million in construction cost, is finally getting off the drawing board. Yesterday, the owners invited contractors to pre-qualify for major substructure works on the site next to559 words
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300 1988-09-17 1 Agencies KREMLIN LEADER Mikhail Gorbachev said yesterday that the Soviet Union would abandon the Cam Ranh naval base in Vietnam if the US scrapped its military bases in the Philippines. In a speech in the Siberian city of KrasnoyarskAgencies - 300 words
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Page 1 Advertisements
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Advertisement299 1988-09-17 1 Nikon The World's Finest Photographic System. OLYMPIC SPECIAL THE GREATEST SPORTING spectacle begins today in Seoul, South Korea, and BT will spare no effort to keep a finger on the pulse of the Olympic Games We'll keep close tabs on the sports you want to read about athletics, swimming, gymnastics299 words
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Advertisement298 1988-09-17 1 The World's Finest Photographic System. v tu-'i -vt ft u > H i v. Faint heart never won fair lady Page 7 Wanna lose weight? Drink more water Page 9 An edible envoy Page 9 WNkMi TV TV programmes for today and tomorrow Page 10 Stots tt Watcft Rubinstein, Proust298 words
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HOME NEWS
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Article, Illustration433 1988-09-17 2 JOHN TAN - Plan to make Republic regional tool and die centre By JOHN TAN A THIRD-GENERATION Toshiba company is investing $25 million to make Singapore its regional centre for precision tool and die At the official opening of Tungaloy Seimitsu (S) yesterday, Mr Ken-Ichiro Ando said433 words
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Article, Illustration434 1988-09-17 2 WITH durian and mango among its 75 flavours, the first J Higby Yogurt Treat Shoppe at Orchard Road expects opening day today to bring it a world record for single day servings of frozen yogurt. Mr N Aurora, managing director of434 words
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118 1988-09-17 2 A DELEGATION from the Singapore National Group of the Inter-Parliamentary Union are leaving today to attend the 80th Inter-Parlia-mentary Conference in Bulgaria The three-man group, led by Senior Parliamentary Secretary (Education) Sidek Saniff, will be discussing with their counterparts what parliaments have done to118 words
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280 1988-09-17 2 THE FIRST local pizza outlet to provide delivery services has proved such a hit among Singaporeans that it is opening a third restaurant this November, after only 18 months in business Mr Frank Vespa. a director at Rocky s Restaurant, told BT recently that280 words
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Article352 1988-09-17 2 THE DEVELOPMENT of Asean small and medium enterprises required fundamental changes in philosophy that would make SMEs more keenly aware of their social responsibilities When this is done SMEs will maintain a progressive attitude, said Dr Chee Peng Lim of the Bangkok-based Economic and Social352 words
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129 1988-09-17 2 SINGAPORE officials will have the opportunity to tap British expertise in agro-technology when a team of experts arrive on Sep 22 for a two-day visit The team, led by the British Minister of Agriculture. Fisheries and Food. Mr John MacGregor, will comprise businessmen129 words
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252 1988-09-17 2 BARELY 32 months after opening its doors, the Westin Plaza hotel is undergoing a Si .2 million facelift to renovate a self-admittedly spare and bland interior". Work on the project, which began in late August, involves renovation of the lobby to make it "more252 words
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Article60 1988-09-17 2 OPPOSITION candidates Francis Seow and Lee Siew Choh have been declared as non-constituency Members of Parliaments by the Returning Officer Mr Seow. a lawyer, and Dr Lee. a medical doctor, were in the Workers Party s Eunos GRC team in the Sep 3 general election They scored60 words
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317 1988-09-17 2 JEFFREY TSANG - By JEFFREY TSANG SINGAPORE and France have signed a memorandum of understanding for the laying of a submarine optic fibre line to meet strong demand for telecommunications services. Telecoms general manager, Mr Wong Hung Khim, who was in Paris to sign the317 words
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263 1988-09-17 2 GENERAL Chavalit Yongchaiyudh. Acting Supreme Commander of the Royal Thai Armed Forces, was praised for his far-sighted-ness in fostering close relations between the armed forces of Singapore and Thailand For his efforts. General Chavalit, who is also Com-mander-in-Chief of Royal Thai Army, was honoured263 words
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Article1216 1988-09-17 2 AT CONVENTIONAL WHARVES Vets«l Berth Arrival Departure KEPPEL WHARVES Bo'lder 111 K23 olongside 17 09/0700 CGM Roc.ne C09 alongside *****500 Fengtc KI5 olongs.de 20 09'2300 Gongcheng K3I olongside 22 09 0600 ,wen K24W olongside 17 09/0600 ,n$ho K29 alongside 1909/0600 lin Petol.ng K22 olongside 17 09/0600 Morkhom1,216 words
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Page 2 Advertisements
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Advertisement62 1988-09-17 2 Taste authentic Sichuan cuisine at our restaurant Reputable for its ever popular Sichuan specialities such as Smoked Sichuan Duck. Diced Chicken with Dried Red Chilli, Sour and Spicy Sichuan Soup just to name a few Special economical set menu packages are also available. l'll04»lli.Y >mlhi.iii lifsliiiii-iiiil Hotel Equatorial Tel: 73262 words
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OVERSEAS
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394 1988-09-17 3 AP THE US SENATE has approved new curbs on textile, apparel and shoe imports and sent the bill to the House amid a flurry of warnings that it was guaranteed to draw a presidential veto. "The very survival of the US textile industryAP - 394 words
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314 1988-09-17 3 AP PRESIDENT Ronald Reagan said on Thursday there was "no truth" to a report that he had been inattentive to his duties, and the White House denied his aides ever gave serious thought to removing him from office. "It's total nonsense," said White House spokesman MarlinAP - 314 words
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Article891 1988-09-17 3 ARRIVALS Operator Service Local From number time GU GA960 1100 CGK SU SO 105 1105 KUL MA BI421 1130 BWN TMA TL361 1130 BEY/SHJ SU SO 201 1145 CGK GU GA940 1150 MES THA TG403 1155 BKK SU SQ191 1155 PEN SU SQ238 1155 MES THA TG407891 words
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260 1988-09-17 3 Reuter THE SRI LANKAN government on Thursday invoked emergency powers to ensure that essential services still function after Marxist rebels called for two days of protests to mark President Junius Jayewardene's birthday today. The government ordered all shops, transport services, power supplies andReuter - 260 words
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Article103 1988-09-17 3 UPI RONG YIREN, chairman of the China International Trust and Investment Corporation, said on Thursday that his country was "a little too late in political and economic reform". Speaking at the Fletcher School of Law and Diplomacy in Medford. Massachusetts. Rong said that "if weUPI - 103 words
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245 1988-09-17 3 Reuter US SECRETARY of State George Shultz has said the Philippines is "pricing itself out of the market" with exorbitant demands for compensation for US military bases His comments appeared to signal renewed toughness in the US position on negotiations over theReuter - 245 words
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803 1988-09-17 3 Growing resistance to proposal to harmonise VAT AFP THE EUROPEAN Community's plan to forge a single market free of internal barriers faces its first major setback this weekend amid signs of growing national resistance to proposals to harmonise value added tax (VAT) inAFP - 803 words
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Page 3 Advertisements
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Advertisement63 1988-09-17 3 iI \l JM \r\ Ifl V business person's choice, every I I II I II I Tuesday. Thursday. Saturday and I #1 \1 W\ \l II I Sunday Leaving Changi Airport at JL Vyi 1 A V-X 22 05 hours and arriving at Lester B. Pearson International Airport the following63 words
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Advertisement343 1988-09-17 3 O Prospere Pte. Ltd. welcomes Dr. Ungsuh Kenneth Park, speaker of the 1988 Singapore Productivity Lecture The NPB is proud to present Dr Ungsuh Kenneth Park, Executive Vice-President of SAMSUNG COMPANY LTD, as the SPEAKER for the 1988 Singapore Productivity Lecture. THE SPEAKER r 1&M Dr PARK holds a Ph.D343 words
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Page 3 Miscellaneous
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Miscellaneous162 1988-09-17 3 msmn Z/S'fl "SS/ V/A Max/ Mm (°C) 18/11 18/10 29/18 36/30 32/25 29/23 26/17 30/25 19/12 17/10 31/23 17/10 25/12 18/06 19/12 14/06 33/22 26/08 17/08 23/17 27/10 14/07 30/23 16/06 15/08 15/07 30/24 12/02 17/07 30/25 30/21 36/25 27/16 34/24 27/17 22/11 22/13 32/23 18/13 26/16 17/09 23/15 24/10162 words
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Miscellaneous58 1988-09-17 3 Doonesbury LAPteS ANP GBNTLBMBN, THSKB ARB SUPBFSTARS ANP ThtBRB ARB SUPERSTARS, BUT j TH£#B's ONLY ONB SUPERSTAR'S SUPBRSTAR J V 0 rv LBTS &RJN6 HIM OUT! lAPIBS ANP 06NTIBMBM, I QtVB YOU TH3 KING OF ROCK 'N'ROLL, mk etv/s ritesisY.' -V 1 BY GARRY TRUDEAU THANK YOU' YALL ARB BEAUTIFUL!58 words
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MONEY AND EXCHANGES
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Article522 1988-09-17 4 DECEMBER Eurodollar futures opened five ticks lower at 91 32 on Simex yesterday Prices remained subdued despite an unexpected fall of 0.2 per cent against an expectation of 0 3 per cent in the US August retail sales, lower commodity and oil prices A rise in the August US factory522 words
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Article198 1988-09-17 4 Most IMM currency futures finished with mild gains in directionless trading on Thursday. Prices rose modestly early on short-covering and scattered buying spurred by an unexpected decline of 0.2 per cent in August US retail sales But the advance lacked momentum, and prices soon began to drift in thin volume.198 words
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Article223 1988-09-17 4 ASIAN DOLLAR deposit rates closed little changed from opening levels after a quiet day yesterday Operators were looking ahead to next week's release of a batch of US economic data for some direction, dealers said us$ OFFER BIO 7 days 8 3/16 8 1/16 1 month 8 5/16 8 3/16223 words
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Article1632 1988-09-17 4 Reuter, OCBC SINGAPORE: The US dollar yesterday closed mixed against most major currencies Against the Singapore dollar, the US dollar closed little changed at 2 0430/40 in narrow range trading. It traded within a range of 2 0440 and 2 0430 It opened initially at 2 0430/40. The dollar fellReuter, OCBC - 1,632 words
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Article224 1988-09-17 4 Gold futures on Sep, 15,1988 100 troy ounces USS per troy ounce Op«n High Low Sattl* s«p 419 00 419 00 415 00 418.60 2.70 Oct 422.50 422 50 ***** 419.80 2 90 Nov 422 30 300 Doc 427 60 427 80 422.10 ***** 3 00 Fob 432.00 ***** 427224 words
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Article51 1988-09-17 4 THE OVERNIGHT rate on the Singapore money market closed unchanged at 5-1/8 Term rates were unchanged across the board S$ Interbank rates at the close yesterday Of«» WD Ov«r night 5 1/8 5 1 -month 5 4 7/8 5 1/ 16 4 IS/16 3-month 5 t/8 5 Overnight mode: 451 words
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Article103 1988-09-17 4 Treasury bills Period Issue Yesterday's closing Day's 3 months code Maturity BID OfFER HIGH LOW BQ*****A 1 5.12.88 4.52 4.47 4.56 4.45 6 months BY*****T 24.11.88 4.52 4.47 1 year BY*****S 20.07.89 4.68 4.63 4.69 4.62 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID103 words
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Article, Illustration205 1988-09-17 4 Indicates the average of the prime lending rates of 12 major banks in S'pore Interbank market rates (offer/bid) on Sep 16 US$ 7 don a 1, 8 8 II 5/16 3/16 1 8 1/4 1/8 II 7 8 3/4 3 mfh 8 5/16 3/16 12 3/8 1/4 6 mt* 8205 words
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108 1988-09-17 4 BANK OF MONTREAL said it was raising its prime rate by V 4 per cent to 11% per cent, effective yesterday. A bank spokesman in Toronto cited "market conditions" for the move. Analysts have said continuing inflationary pressures would likely push up the108 words
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219 1988-09-17 4 Reuter US BANK discount window borrowings, less extended credits, averaged US$552 million a day in the week ended Sep 14, the Federal Reserve said. Total daily borrowings rose US$lB7 million to US$3.O3 billion, while extended credits rose US$2l2 million to US$2 48 billion. In theReuter - 219 words
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Article1351 1988-09-17 4 CURRENCY FUTURES OPTIONS Friday, Sep 16, 1988 DCUTSCHEMARK (SIMEX) OctNnl High Low lis Soft Ht Oct 88 put* 8* Low Sot) 51 52 53 54 55 13A 40 II 3 7A 5 18 18 18 56 Mg Ho. 88 ca h Low 22A lis Son 19 H.g Nov 88 h1,351 words
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Page 4 Advertisements
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Advertisement33 1988-09-17 4 Foreign exchanges: CBE: Chicago Board Exchange, CBT: Chicago Board of Trade. CME: Chicago Mercantile Exchange, Comex: New York's Commodity Exchange and IMM: The International Monetary Market. American Exchange options quotes were not available.33 words
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BANKING AND FINANCE
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428 1988-09-17 5 Reuter THE WORLD BANK'S executive board is considering a new staff paper that says the lending agency should play a more active role in seeking ways to induce commercial banks to increase their lending to the Third World, sources said. InReuter - 428 words
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Article176 1988-09-17 5 Reuter AN ECONOMIC policy coordination system based on exchange rates should be developed to create a more stable international environment for business and investment, a study group formed by the Group of 30 (G-30) said in a report. It praised the accomplishments of the Plaza AgreementReuter - 176 words
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207 1988-09-17 5 Reuter NORWAY'S CENTRAL bank said commercial and savings bank would see losses on loans and guarantees at least equal to 1987's total of 4.6 billion crowns, but pledged it would do everything necessary to maintain trust in the banking system. In a quarterlyReuter - 207 words
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390 1988-09-17 5 FT REINSURERS worldwide are watching Hurricane Gilbert's progress anxiously. For, if it hits Texas and Louisiana, as expected, the overall insurance claims will be enormous. Guesstimates start at US$2 billion with apparently no upper limit. The London insurance market, Lloyd s, insures a lot ofFT - 390 words
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Article55 1988-09-17 5 Reuter UNION BANK of Finland has announced a restructuring aimed at giving divisions of the bank more independence to make decisions. Separate divisions dealing with domestic, international and investment banking would have their own internal boards. ÜBF s current board of directors would in future beReuter - 55 words
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176 1988-09-17 5 Reuter THE GERMAN federal post office will launch a new domestic mark bond on Tuesday. Sep 20, after a meeting of the federal bond consortium, a spokesman for the Bundesbank said in response to an enquiry. The most recent two billion mark 10-year postReuter - 176 words
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COMMODITIES
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Article477 1988-09-17 5 MALAYSIAN CRUDE PALM OIL FUTURES closed lower on profit-taking and speculative selling yesterday, with weaker overnight Chicago soyoil futures weighing on values, dealers said. Trading activity was also reduced as operators were reluctant to take up new positions in the absence of fresh factors and ahead of the477 words
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Article299 1988-09-17 5 London Commodity Exchange Buyer/Seller closing prices on Sep 15 (£/tonne unless specified). Previous closing srices in parenthesis. Coffee Bo sis in-itore London, sellers option CIF London Sep 1075/1085 (1077/1080) High/Low 1087/1055 No* 1070/1073 (1063/1065) High/Low 1080/1065 Sales (3652) Cocoa Sep 846/847 (859/865) High/Low 860/846 Dec 782/784 (790/791) High/Low299 words
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Article101 1988-09-17 5 SOYBEANS fell sharply late on selling ignited by the lack of follow-through buying in November above US$9 per bushel on the Chicago Board of Trade on Thursday Soybeans closed down 7-3/4 to ten cents per bushel in most contracts. September was off eight cents at US$B.72-1/2 and November down101 words
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Article263 1988-09-17 5 HONGKONG: Gold closed slightly lower in quiet trading yesterday. Gold ended at U*****.40/417.90 an ounce against U*****.50/419.00 at the opening here and New York's 418.50/419 00 finish On the local market, the metal lost HK$34 to close at HK53.904 a tael. Coins were general lower with the Krugerrand263 words
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Article254 1988-09-17 5 Chinese Produce Exchange Sellers noon closing prices on Sep 16 (S$/100 kg) Coconut oil Bulk FOB 120.00 Old drum FOB 1 30.00 New drum FOB 1 34 00 Copra Mi*ed (loos*) jq sellers Pepper Muntofc white FOB NIW 720 00 Sarawak white FOB f °9 NIW 7,ooo Sarawak254 words
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114 1988-09-17 5 Reuter PAPUA NEW GUINEA is on the verge of a gold and oil boom, and a senior Australian official based there said its people could become among the world's richest "We can see PNG over the next 20 to 30Reuter - 114 words
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Article144 1988-09-17 5 SOFT red winter wheat shot to contract highs in December near the close only to plummet and close lower on the Chicago Board of Trade on Thursday. Other contracts dropped late to close lower. September was down 6-1/4 cents per bushel at US$4.O7 and December was down 5-1/2 at144 words
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Article178 1988-09-17 5 SENTIMENT remained bullish on the KLTM yesterday and the price roee another seven cants to dosa at M 519.89 a kg. Daalars said lower levels after the technical correction to last month's sharp rise attracted further European and local short-covering. But volume eased to 65 tonnes from 71178 words
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Article126 1988-09-17 5 OIL PRICES plunged 60 US cents a barrel on spot markets on Thursday, losing Wednesday s similar steep gains, oil traders said Towards the close of business in Europe. North Sea Brent Blend, the most widely traded crude, was pegged around US$l3 40 per barrel.126 words
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430 1988-09-17 5 UPI IRAQ will neither accept any call, whether from within or outside Opec. to reduce its current crude oil production rate of 2.7 million barrels a day. nor promise not to raise output in the future. Iraqi Oil Minister IssamUPI - 430 words
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Article319 1988-09-17 5 SINGAPORE: Rubber prices closed lower yesterday with RSS One buyer quoted at 230 00 cents a kg. down four cents from Thursday s close Dealers said prices fell six cents in thin morning trade on speculative selling in line with lower Japanese levels but recovered some two cents in319 words
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Article281 1988-09-17 5 I— RAS prices In S cents/kg. FOB In bal NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 231.50 232.50N 230.00 231.00N Int 1 RSS Oct 68 231.50 232.50N 230.00 231.00N ■nt i RS5 Nov 235.50 236.50N 234.00 235.00N lot 2 RSS OP 228-50 230.50N 227.50281 words
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Article91 1988-09-17 5 (canfv kg) OCTOBER 1988 NOVEMBER 1988 (current month) (forward month) DAP NOON NOON HAS lur«i S«4WM lvy»rt SSB 20 ***** *****N 215 00 217 00N SSB 50 213.00 *****N 213 00 215.00N MRELB Su»»M S*H*m lur*r< SMB CV ***** 337 00N 337 00 339 00N SMB I91 words
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PERSPECTIVE
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Article465 1988-09-17 6 17TH SEPTEMBER, 1988 SERENDIPITY is a much misused term. It is often taken to mean peace and calm. But what the word actually means is the ability to make happy and surprising discoveries It is not known which of the two meanings one correct and the other17TH SEPTEMBER, 1988 - 465 words
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Article, Illustration919 1988-09-17 6 DANIEL GOLEMAN - Got a bright idea? How did you get it? Why? Is it because you are crazy? Or is it because you have a close relative who is crazy? DANIEL GOLEMAN reports on the findings of recent studies on creativity. DANIEL GOLEMAN NYT THE PROPENSITYNYT - 919 words
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391 1988-09-17 6 T S GILL - Letters to the Editor T S GILL Dear Sir I refer to the Personal Trivia column by Miss Monica Gwee in BT s Weekend Edition (Sep 1011) under the heading "Tasting the forbidden fruit." In all my years in Singapore, I have quite391 words
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409 1988-09-17 6 Dear Sir As a frequent concert-goer I have long been disgusted with Shaun Koh's pompous criticism of SSO performances which demonstrates only too well his ignorance and his eagerness to show off Most of my fellow concert-go-ers who are knowledgeable albeit amateurs agree with409 words
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94 1988-09-17 6 NG KEAT SENG - NG KEAT SENG Dear Sir Please refer to the letter from Alfred Tan (BT Sep 10-11). What he has said may give rise to a misconception that property tax favours those who renovate their houses but discriminates against those who build anew Property tax94 words
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294 1988-09-17 6 VOX POPULI - VOX POPULI Dear Sir I was impressed by the recent statement of one of our ministers that, as far as our financial reserves are concerned, the Government should act in the same way as any large business organisation and ensure that there294 words
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Page 6 Advertisements
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Advertisement557 1988-09-17 6 THE COLUMNS Personal Finance Are you worth your weight in gold? How do you save more, spend more wisely and multiply those personal assets? Written by an experienced financial journalist previously with the US News and World Report, this column gives investment a richly personal touch. Insurance Going under cover?557 words
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Advertisement45 1988-09-17 6 BT welcomes letter* from readers. Your letters must include your signature, full name, address, and home V and office telephone numbers, if any. You may add 3 pseudonym, if you wish. Address your letters to: The Editor. Business Times, 390, Kim Seng Road, Singapore 0923.45 words
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Page 6 Miscellaneous
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Miscellaneous27 1988-09-17 6 J IT'S Time U)C DtSCUSSCD Tnesc oRDeRs RND ru, TQJL you UWAT THINK MOLD On sSO FftST S? >j f 1 LVENiNG STANOARO CO 4.T0 i»62 —127 words
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Executive Lifestyle
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Article, Illustration1811 1988-09-17 7 MONICA GWEE - By MONICA GWEE EXECUTIVE SUITE women get bad press Their negative management tactics often include every dirty trick in the male book and some formidable, underhand flourishes of their own invention. But if Edit Rodas-Carroll had her way, women executives should be even more powerful than they1,811 words
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Article, Illustration900 1988-09-17 7 TAN KEE WEE - Y With TAN KEE WEE MANY REASONS have been conjured up to explain the abundance of unmarried people in society. More have been attributed to the absence of opportunity than the case may be. Most likely, our order of priorities is usually the root cause of our singlehood. Over-generali-sation may900 words
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Article227 1988-09-17 7 Zephyr - Zephyr EVERY CENT COUNTS when it comes to declaring your liability for income tax. The income tax returns form has space for taxpayers to declare their full income, in dollars and cents On another page, there is space for taxpayers to fill in the amount(s) they227 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article708 1988-09-17 8 TCX) MANY "for women only" courses tread dangerously close to male bashing sessions. Edit Rodas-Carroll makes it clear from the start that she will waste no time "hitting out at men" or the power structures they have enforced in the workplace in Peak Performance for Women.708 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration596 1988-09-17 9 CHARLES SAVAGE - FOOD By CHARLES SAVAGE NOT TOO MANY cities can claim a cake for an ambassador. But Vienna and Sacher Torte are an exception. Baked by the Hotel Sacher. which is located in the heart of Vienna, the delectable chocolate confection is one of Vienna's best travelled claims596 words
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Article, Illustration825 1988-09-17 9 GALEN CHAY - HEAL TH By GALEN CHAY NOT DRINKING enough water can make you fat, among other things. Put another way, drink more water to lose weight. You may dismiss this as another fad diet, because you have tried almost all of them the high protein diet,825 words
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684 1988-09-17 9 N K YONG - By N K YONG THERE are a few chateaux in Bordeaux whose wines you could buy virtually sight unI seen (or rather, untasted) whatever the general quality of the vintage. Chateau Pichon-Lon-gueville Comtesse de Lalande is one such chateau, an assessment no one would684 words
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Article, Illustration420 1988-09-17 12 NG WAN CHING - TRAVEL By NG WAN CHING IT LOOKS LIKE a scene from a Hollywood jungle movie. Hot springs fringed by trees. Steam rising from bubbling, hot water. Bathers in all their naked glory. Thereafter, the departure from Hollywood is quite distinct. The baths are marked yours,420 words
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329 1988-09-17 12 DEXTER LEE - CHESS By DEXTER LEE CHESS PLAYERS who missed the recent inter-bank tournament don't fret. Prepare, instead, to do battle in the Overseas Assurance Corporation Ltd Business Houses Team Chess tournament. The championship is open to teams from statutory boards and commercial or329 words
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Article, Illustration551 1988-09-17 12 SANGEETA MULCHAND - CINEMA By SANGEETA MULCHAND Nico, J Saturday, midnight, Capitol cinema I IF YOU're a jigsaw puzzle freak with a passion for fitting little bits and pieces together, then you're a likely candidate to enjoy Nico. Or if you have a fondness for watching a551 words
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Article, Illustration475 1988-09-17 12 Mike Thumba - Bridge By Mike Thumba WHEN I examined the "travelling score sheets after the Open Pairs Games at the Selangor Bridge Congress in Kuala Lumpur last weekend, I came across several cases of missed-games and missed-bids As a result, many of the 25 pairs that participated475 words
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Article, Illustration864 1988-09-17 13 EKACHAI UEKRONGTHAM - Local drama food for thought raw/if By EKACHAI UEKRONGTHAM FIRST, there was Stella Kon's Emily o! Emerald Hill. Staged to resounding success in 1985, it continued to boast sold-out performances during its fourth run early this year. Then came Michael Chiang's Army Daze in 1987 and Beauty World in 1988864 words
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Article, Illustration619 1988-09-17 13 SANGEETA MULCHAND - MUSIC By SANGEETA MULCHAND THE APPOINTMENT was postponed to a later time. After 15 additional minutes of waiting in the lobby of the President Merlin Hotel, I decide to call the Master of Carnatic music (South-Indian classical music) Dr Mangalampalli Balamurali Krishna at619 words
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Article715 1988-09-17 13 Sakina Dhilawala - Compiled by Sakina Dhilawala CINEMA: Poltergeist 111 starring Tom Skerritt. Nancy Allen, Heather O Rouke and Zelda Rubinstein Showing at Cathay: 11; 1 30 4 6 30; 9 15 Big starring Tom Hanks. Elizabeth Perkins, Robert Loggia and John Heard Showing at Orchard: 11; 1 30; 4; 6 30;715 words
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Executive Lifestyle: Sports & Entertainment
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Article, Illustration495 1988-09-17 10 Jerome Fandor - Oh TMCK With Jerome Fandor RACING RETURNS to Perak after an eight-week break with Classes 4 and 5 and Restricted Terms horses. Today's racing will feature trainers that are not in the spotlight but play an integral part in the sport those who are not in the495 words
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Article, Illustration548 1988-09-17 10 CHUANG PECK MING - SQUASH Comment by CHUANG PECK MING PUT SIMPLY, Jansher Khan plays better squash than Jahangir Khan. That was why the brash, new Khan on the block beat the older Pakistani in a thrilling and long match last Saturday to keep the Anchor Beer Singapore Open548 words
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OLYMPIC SPECIAL
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431 1988-09-17 11 UPI THE GAMES of the 24th Olympiad open today with 10 million residents of the world's fifth largest city celebrating what they hope will be a turning point in their nation's 5,000-year history "This is a very exciting moment," said Seoul Mayor KimUPI - 431 words
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245 1988-09-17 11 ATHLETICS Reuter SPRINT RIVALS Carl Lewis and Ben Johnson were hounded and jostled by photographers, journalists and autograph hunters yesterday in separate but equally alarming breaches of security on the eve of the Olympics. Lewis's first training session since his arrival in Seoul was disruptedReuter - 245 words
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Article506 1988-09-17 11 SWIMMING Reuter TOWERING world champions Matt Biondi and Michael Gross vie for supremacy and world records are set to tumble as swimmers from East and West clash at the Olympics for the first time in 12 years. The tussle between American pride Biondi, chasing medals inReuter - 506 words
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312 1988-09-17 11 GYMNASTICS Reuter THE WINSOME CHARMS of Rumania's Aurelia Dobre and concentrated power of Dmitry Bilozerchev of the Soviet Union are set to light up the Olympic gymnastics competitions. After shattering his left leg in a car crash. Bilozerchev came back to win four goldReuter - 312 words
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Article, Illustration745 1988-09-17 11 NYT OUTSIDE THE huge apartment complex in Seoul, women are selling fruit and washing down the sidewalks. From an unseen apartment, a Buddhist man is chanting his mid-day ritual. It appears to be a blessedly mundane day in this giant city But at closer glance,NYT - 745 words
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353 1988-09-17 11 Reuter EAST BLOC ATHLETES, back in force at the Olympics after an eight-year absence, are expected to make an Immediate impact tomorrow by grabbing four of the first five gold medals awarded in Seoul. China are clear favourites to take the remaining titleReuter - 353 words
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Article183 1988-09-17 11 SATURDAY Basketball Men's preliminaries (7.30pm, 9.30pm) Boxing Preliminary bouts (7pm) Football Preliminary rounds (spm, 7pm) Swimming Women's platform diving preliminaries (3pm, 7pm) Taekwondo Men and women's fly, welter preliminaries (3pm) semi-finals (7pm); finals (9.20pm) Volleyball Men's preliminaries (4.30pm, 6.30pm) SUNDAY Basketball Men's preliminaries (9.45 am, 11.45 am, 7.30pm,183 words
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Executive Lifestyle: Personal Investment
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Article, Illustration690 1988-09-17 14 RAMESH CHANDIRAMANI - WORLD MARKETS By RAMESH CHANDIRAMANI ARE INVESTORS unduly worried that the world economy will slow down significantly next year? No, the risks of such an occurrence have increased. However, a senior Australian economist believes that the more likely trend is for a two-year period690 words
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435 1988-09-17 14 Reuter WHILE the stock exchanges of London, New York and Tokyo sleep, trading is always heavy on west China's biggest bourse the Kashgar Sunday market. Like Wall Street, the remote oasis trading floor suffers from insider dealing, evasions of commission and lackReuter - 435 words
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282 1988-09-17 14 ART Sotheby's Research Department THE French and Continental furniture market is truly international. with major sales regularly held in London. New York and Monaco This being so. the pattern of performance tends to be the same in all locations The first major sale in theSotheby's Research Department - 282 words
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Article, Illustration761 1988-09-17 14 Ramash Chandiramani - BEnnnEß's .A fZ7/?/7f/yg§ by Ramash Chandiramani TO MANY INVESTORS, exchange rate movements are a deep mystery. Although they dominate the business pages, the daily gyration of currencies is enough to confuse professionals, let alone the beginner. But what cause the761 words
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1008 1988-09-17 14 KEVIN GWEE - mm By KEVIN GWEE DO YOU REMEMBER the Aluminium Company of Malaysia Bhd? Many investors apparently don't, and who can blame them? The Malaysian-based unit of Alcan Aluminium Ltd, the world's largest aluminium group, hasn't had much of a profile following four consecutive years1,008 words
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213 1988-09-17 14 COMPETITIONS IN A week when global stockmarkets basically stood still, it was indeed surprising to learn that Daiwa Singapore Ltd managed to score solid gains in the Great Investment Race. In the latest ranking, the Japanese merchant bank was seen topping the213 words
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Article, Illustration426 1988-09-17 14 Ramesh Chandiramani - by Ramesh Chandiramani NOTHING very much happened on the local stock market this week. The net weekly gain of 1.4 points on the Straits Times Industrial Index sums up the situation best the market neither went up convincingly, nor moved down strongly. And thisSource: Investamatic - 426 words
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Page 7 Advertisements
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Advertisement128 1988-09-17 7 Since 1735 there has never been A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL r. RKS k ;±i yjry ♦3*l "v V'** JrS* fSr _<?> I r £> "*b %a\ *e ~S l z °> v y* \> y "v/*\ >*• yr\ K .V< -v"V v A; v V >M-\128 words
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Page 8 Advertisements
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Advertisement929 1988-09-17 8 w UiacK Tower Where to entertain J Baron's Sunday Buffcf— A family Ealing Afiair 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 set929 words
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Advertisement259 1988-09-17 8 From the province made popular by Madame White Snake comes chefs renowned for their culinary skills. Chefs who will prepare delicacies that are fresh and light. We invite you to a new banqueting experience with the finest ingredients flown in from Jiangsu. On from September 1 11. 1988 ■wicowrr 2259 words
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Advertisement211 1988-09-17 9 m <^rfll f T -o" Sunday Brunch: A great family outing It's a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast right through to pastries, puddings, fruit salad and211 words
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Advertisement152 1988-09-17 9 UlacU Tower SO WHAT'S NEW? AN OLD FAVOURITE IN AN OLD BOTTLE You already know each other so well, you and the white wine in the tall black bottle. It makes you smile, then laugh it's a charmer. Black Tower. Familiar, tested and true. Eternally young. You'd know its distinctive,152 words
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Advertisement20 1988-09-17 9 K COMTESSE DE LALANDE 1978 GRAND CRU CLASSC PAUILLAC CHAffAU KHOM iOfiCUCVH.iI COMTISSf Of LAUU«« MIS IN aOUTiIUE AU CHATEAU20 words
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Page 10 Miscellaneous
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Miscellaneous1690 1988-09-17 10 SLOTS TO WATCH Rubinstein, Proust and the Olympics Movies Anthony Perkins renders a studied performance as the rehabilitated psychotic who killed his mom in Psycho 11. In this sequel to Hitchcock's unnerving classic Psycho, Perkins plays Norman Bates who attempts to rebuild his life by taking charge of the old1,690 words
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Miscellaneous1006 1988-09-17 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 Recording1,006 words
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Page 11 Advertisements
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Advertisement36 1988-09-17 11 FEDERAL EXPRESS The Air Express Company FEDERAL EXPRESS. WORLDWIDE SPONSOR OF THE 1988 OLYMPIC GAMES. Official Air Cvnmee i Official Air Express Carrier of the 1988 Olympic Games The Air Express Company. Telephone: *****26 Worldwide Sponsor36 words
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Page 12 Advertisements
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Advertisement6 1988-09-17 12 Managers must manage BT every Monday6 words
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Page 12 Miscellaneous
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Miscellaneous753 1988-09-17 12 TOfrQjfrMg (gapaMMQ CRYPTIC PUZZLE ACROSS 9 Result of losing one s footing in a lot of snow' (5, 4) 10 Being either one s agent or one s stand-in (6. 3) 12 Cover up and get the blame, say (4) 13 Looked for a trafficlight on the street (6) 14753 words
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Page 13 Advertisements
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Page 14 Advertisements
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Advertisement28 1988-09-17 14 BT welcomes investment ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.28 words
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COMPANIES & STOCK MARKETS
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Article, Illustration621 1988-09-17 15 CORINNA LIM - By CORINNA LIM STRAITS STEAMSHIP is understood to have submitted an application to the Singapore Stock Exchange to float its non-proper-ty activities. The public offer is expected in the next one to two months. Sources say a new unit has been formed to621 words
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Article, Illustration498 1988-09-17 15 MAGDALENE NG - By MAGDALENE NG SIME DARBY BHD is preparing the groundwork for a flotation of its local operations through wholly-owned subsidiary Sime Darby Singapore Ltd (SDS). As a first step, it has made a number of management changes, the most important of which is498 words
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Article, Illustration468 1988-09-17 15 ALLAN NG; KEVIN GWEE - Insider Trading Trial By ALLAN NG KEVIN GWEE A KEY PROSECUTION witness yesterday testified that he had provided Allan Ng with price sensitive information relating to Sealion Hotels Ltd shares. Mr Ng Eng Leong was giving evidence at the trial of Allan468 words
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Article, Illustration640 1988-09-17 15 MBT ASSOCIATED PAN Malaysia Cement (APMC), a 50-50 joint venture between Pan Malaysia Cement Works (a member of the Malayan United Industries group) and Malayan Cement Bhd, has submitted a proposal to the government to take over debt-ridden Kedah Cement and Perak Hanjoong Cement for Msl46MBT - 640 words
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72 1988-09-17 15 THE STOCK Exchange of Singapore has admitted Tiger Balm Ltd (TBL) to its official list and trading in the 75m 20-cent shares will commence on Tuesday. TBL, a newly incorporated subsidiary of Haw Par Brothers International Ltd, was formed to take over Haw72 words
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287 1988-09-17 15 THREE Malaysian companies will be removed from the official lists of the Singapore and Kuala Lumpur stock exchanges from Friday. The three companies are: Everpeace Corporation Bhd, South-Johore Amalgamated Holdings Bhd and San Holdings Bhd. The latest move follows a recommendation made287 words
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Article87 1988-09-17 15 COLD STORAGE (M) Bhd. already entrenched in the retail scene, may pursue upstream activities such as pharmaceutical manufacturing in future. Chief executive officer Samsudin Abu Hassan said such plans could be carried out either on its own or on a jointventure basis But there87 words
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Article38 1988-09-17 15 KAMUNTING Corporal,on Bhd has. through ,ts subs.dt,h a SP<> r ts (KL) Sdn Bhd. acquired Tosetta Trading Pte Ltd in Singapore for $2,200 cash The W ,ac,htate Sanwin s expansion in Singapore. Kamunting said.38 words
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Article143 1988-09-17 15 SELANGOR DREDGING Bhd is negotiating with three multinational companies who are keen to take up 7,060 sq metres lettable area in its flagship building in Kuala Lumpur, Wisma Selangor Dredging. One of the multinational pharmaceutical companies, Roche, has already signed an agreement to lease a total143 words
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Article270 1988-09-17 15 WAH-CHANG Electro-Plating Ltd: Attributable operating profit of $485,000 ($670,000) on turnover of $6.16 million ($5 44 million) for the six months ended June 30, 1988 EPS came to 3.23 cents (7.4 cents) Although turnover rose 13 per cent, margins were reduced owing to unexpected sharp increases in prices270 words
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STOCK EXCHANGE OF SINGAPORE
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Article131 1988-09-17 16 Company RIGHTS ISSUE OAF ltd One 'or two $0 40 per share Ex dote: Sep >9 Books dose Sep 29 S P P One for-two $025 par per share Ex dote Sep 16 Books close: Sep 28 Tuan Sing Two for five $0 25 par per share E*131 words
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Article305 1988-09-17 16 Company RIGHTS ISSUE C 1 Holdings 27 million loon stocks in the ratio of $3 loon stock for 3very five ordinary shares held Duta Cons One for one $1 10 per share F A C B One for one $060 per share General Corp Issue of $49 204305 words
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Article124 1988-09-17 16 ALEXANDRA Holdings: AGM at 255, Alexandra Road. Singapore 0315, today at noon. JACK CHIA ENTERPRISES (MALAYSIA) Berhad: 61st AGM at the Conference Room (Serunai 2), Ist Floor, PJ Hilton, N0.2 Jalan Barat. Petaling Jaya, today at 11am MALAYAWATA STEEL Berhad: 28th AGM at the Conference Room, Malayawata Steel124 words
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Article327 1988-09-17 16 Monogers' prices for Sep 17 19 Singapore Unit Trust T He Commerce 096 1 04 Sovmgs Fund 086 092 S pore P'og Fund 039 043S pore Sec Fund 065 070 S pore Invest Fund 069 0 74 S pore Equity Fund 049 053 Asia Unit Trust Mol Invest327 words
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Article, Illustration724 1988-09-17 16 GALEN CHAY - By GALEN CHAY THE OVERNIGHT 8 36-point drop on Wall Street and the uninspiring performance of regional markets continued to depress share prices in Singapore yesterday In one of the lowest trading volumes seen in the last two months, the Straits Times724 words
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Article5258 1988-09-17 16 1988 High Low Tel Code Company Last Sale orGr's DIv DIv C'vr Gr's Y'ld Net P/E Vol Day 000) High Low Last Quote Buyer Seller SECTION ONE INDUSTRIAL COMMERCIAL I 141 85 218 167 135 460 187 350 129 167 177 297 59% 354 555 565 6855,258 words
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SES/KLSE
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Article, Illustration2754 1988-09-17 17 THE KUALA LUMPUR stock market suffered another setback yesterday as losses virtually littered the board in lifeless trading Turnover slipped to a mere seven million shares Brokers said a weaker Wall Street overnight dampened operators sentiment, resulting in prices opening lower Dealers2,754 words
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230 1988-09-17 17 Bernama ANTAH HOLDINGS Bhd, the trading group which has diversified into manufacturing, property, engineering and financial services, has now identified the service and manufacturing sectors as areas of high potential Antah chairman Tunku Naquiyuddin ibni Tuanku Ja afar, in his latest annual statement, said theBernama - 230 words
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Article928 1988-09-17 17 Current payment El date Books CiOM Date payable Total tor the year Total lor laat year Alex HIdgs Asiatic De* Ayer Hitam Rub BAT B Royo Bata Berjuntai Bukit Katil CCM Corlsberg Cold Storoge Cons Plont 0 C Bonk DMIB Bhd Dunlop Est FAI Ins Fuiitec G E928 words
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Article455 1988-09-17 17 BONDS, LOANS WARRANTS Company Eipky maturity date Coupon <%) Chuon Hop Wrts 1991 City De» Bonds 1994 5% City Dev Wrti 1992 Dunlop Est CULS 1988 8% G Corp CUIS 1989 10 H Prop Bonds H Prop Wrts 1993 1993 4 H Toi-Pon Wrts 1992 JC-MPH Loon JC-MPH Wrts A455 words
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REGIONAL MARKETS
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Article, Illustration403 1988-09-17 18 EXCHANGE REFUSES TO MAKE OFFICIAL COMMENT AFP THE HONGKONG government has advised several members of the Hongkong Stock Exchange's ruling body not to seek re-election when their terms expire in October, a source at the exchange said. It was notAFP - 403 words
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279 1988-09-17 18 Reuter THE JAPANESE Finance Ministry has announced the sale of 1.5 million shares in Nippon Telegraph and Telephone Corp on Oct 20 and 21. The ministry said in a statement the sale price for the government shares would be setReuter - 279 words
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Article90 1988-09-17 18 Reuter FOUR FINANCE companies in the Nomura Securities Co Ltd group said they have decided to merge, possibly on April 1 next year. They are Japan Associated Mortgage Acceptance Co Ltd. Jafco Finance Co Ltd Nomura Card Services Co Ltd and Nomura Real Estate MortgageReuter - 90 words
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288 1988-09-17 18 AFP DIVERSIFIED Philippine brewer San Miguel Corp has sued Asia Brewery Inc for allegedly violating its property rights by selling a rival beer resembling its best-selling Pale Pilsen Asia Brewery, the sole rival of the country's biggest company in the domesticAFP - 288 words
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Article169 1988-09-17 18 Bernama THE SHELL Group of companies in Malaysia is in the process of restructuring its wholly-owned subsidiary. Shell Marketing Company of Borneo Ltd, in line with the New Economic Policy (NEP) Two bumiputra institutions in Sabah and Sarawak have each agreed to take up a 15Bernama - 169 words
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182 1988-09-17 18 Reuter TOYOTA MOTOR Corp is to start producing its Corona car in Taiwan starting next March, its main Taipei partner said Frank Huang, manager of Ho Tai Motor Co Ltd, said Toyota plans to produce 33.000 cars annually for the domestic market. It wouldReuter - 182 words
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159 1988-09-17 18 Reuter SWIRE PACIFIC Ltd s whol-ly-owned unit, Swire Properties Ltd, has acquired 70 per cent of a joint-venture hotel development company from partner Marriott Corp for an undisclosed sum. Swire Properties and Marriott set up the 20-80 joint venture company, Oueensway Hotel Ltd, inReuter - 159 words
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Article71 1988-09-17 18 AFP AUSTRALIA'S state-owned Telecom Australia International (TAI) has won an AsB6 million contract to expand and manage Saudi Arabia s telephone and data network Telecommunications Minister Gary Punch said on Thursday that the three-year contract was a major breakthrough for technology exports Under the deal, aAFP - 71 words
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Article, Illustration599 1988-09-17 18 Tokyo Reuter TOKYO SHARE prices fluctuated narrowly and closed near early highs yesterday, brokers said "Everyone wanted to see what the US deficit would be The result was good," said a broker "We saw some institutional investors come back to the market, but we won't see anyReuter - 599 words
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Article, Illustration558 1988-09-17 18 Australia Reuter AUSTRALIAN STOCKS closed lower yesterday as the gold sector posted its second steep fall for the week Brokers said the uncertainty about the market's direction returned and institutions took to the sidelines again. "The only thing that s holding the market at the moment isReuter - 558 words
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Article, Illustration1398 1988-09-17 18 Hongkong Reuter HONGKONG STOCKS closed lower yesterday on light selling by local investors in thin and lacklustre trading, brokers said The Hang Seng Index finished 15.26 lower at 2.458.82 and the Hong Kong Index was off 10.79 points at 1.622 68. Turnover totalled HKS3BBReuter - 1,398 words
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Article369 1988-09-17 18 Reuter SHARE PRICES in Taipei closed higher yesterday on strong buying of banking and industrial stocks, brokers said. The weighted index rose 61.17 points to end at 7,803.05 compared with 7,817.21 in early trading and Thursday's 7,741.88 close. Turnover rose to NT$57 98 billion from NT549.76 billionReuter - 369 words
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Article160 1988-09-17 18 Reuter MANILA share prices held mainly steady yesterday but indices closed mixed in thin, narrow trading. "Traded issues were very few so that any slight price movement easily registered on the indices." said Jesus Cinco. assistant vice-presi-dent at Papa Securities Manila's composite index eased 1.38 pointsReuter - 160 words
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Article117 1988-09-17 18 Reuter NEW ZEALAND share prices yesterday closed little changed on moderate turnover and there was little prospect the market would soon break its shackles, brokers said "It's still reasonably positive But if anything drastic happens overseas we'll follow." said Philip Solarz of Henry Hay Mcintosh TheReuter - 117 words
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Article285 1988-09-17 18 Reuter SHARE PRICES in Seoul fell across the board yesterday under heavy selling pressure by private investors on the eve of the Olympic Games, brokers said "Many investors decided to sell shares now and to return to the market after the Games." a broker said. The compositeReuter - 285 words
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Article165 1988-09-17 18 Reuter the SECURITIES Exchange of Thailand Index fell 1.53 points to 438.76 on a turnover of 4.140.597 shares worth 270.99 million baht. Reuter w if urn 1Ao Kham Thai 446 4 Ayudhya Invastmant 426 -6 Bangkok Agro-lnd 106 -t Bangkok Bank 297 -4 Bank Of Ayudhya 346Reuter - 165 words
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WORLD MARKETS
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Article, Illustration846 1988-09-17 19 New York Reuter BLUE CHIPS retreated on Thursday as various factors, including profit-taking, nervousness before the expiration of futures and options contracts and strong oil prices, sent the market below the crucial 2,100 level Softer bond prices also discouraged buying, traders said. The Dow fellReuter - 846 words
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Article, Illustration1019 1988-09-17 19 London Reuter LONDON EQUITY prices yesterday opened lower amid nervousness over the release of UK retail price data for August due out at 1030 GMT. Dealers said Thursday's news of a larger than expected rise in UK July i average earnings fuelled concern over the likely riseReuter - 1,019 words
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Article126 1988-09-17 19 HONGKONG Hongkong Index Friday 1.622 68 Thursday 1,633 47 Week ago 1.650 50 Hang Seng Index Friday 2.***** Thursday 2.474 08 Week ogo 2.496 56 TOKYO Nikkei Average Fridoy 27.866 38 Thursday Closed Week 090 27.647 10 TSE Index Fridoy 2.150 82 Thursday Closed Week ogo 2.129 64126 words
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Article, Illustration399 1988-09-17 19 Defendants conduct extensive search for evidence NYT COURT FILINGS this week by defendants in the Drexel Burnham Lambert Securities fraud case strongly suggest that their defence will be based on an assault on the credibility of the government's main witness. Ivan Boesky Drexel hasNYT - 399 words
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Article, Illustration205 1988-09-17 19 BRITISH PUBLISHER Robert Maxwell has turned hostile in his long-running bid to take over the US publishing group Macmillan Inc, undeterred by the company's US$2.2 billion agreement with leveraged buyout group Kohlberg Kravis Roberts and Co. Mr Maxwell said he would increase his205 words
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Article, Illustration312 1988-09-17 19 Reuter THE ANGLO-DUTCH oil giant Royal Dutch/Shell Group is raising its interim dividend and proposed creating more shares to attract smaller investors. The Dutch arm of the group, Rotterdam-based Royal Dutch Petroleum Company, said it was raising the interim dividend by 1-50 guilders toReuter - 312 words
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Article, Illustration384 1988-09-17 19 Reuter HAMLEYS, the British toyshop that has enchanted children for 228 years, is up for sale. And it may go to an American, Japanese or Hongkong buyer. British conglomerate Lowndes Oueensway Pic, the present owner, said on Thursday it intended to sellReuter - 384 words
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Article1842 1988-09-17 19 Reuter BRUSSELS: Belgian shares closed firmer yesterday in active trading with a sounder domestic outlook and a stronger dollar sustaining confidence, brokers said. Tractebel, the energy and engineering group which has been the target of a mystery buyer, was again the focus of hectic trading and endedReuter - 1,842 words
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Page 15 Advertisements
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Advertisement269 1988-09-17 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DAYBREAK PRIVATE LIMITED (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held at 52A. Telok Ayer St., Singapore 0104 on 10th. September269 words
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Advertisement276 1988-09-17 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SINOCA ENTERPRISES SINGAPORE (PTE) LTD (Incorporated in Singapore) (In members' voluntary winding-up) At an extraordinary general meeting of SINOCA ENTERPRISES SINGAPORE (PTE) LTD duly convened and held at 116 Middle Road. #08-01 ICB Enterprise House. Singapore276 words
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Page 15 Miscellaneous
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Miscellaneous15 1988-09-17 15 rz/f r/t*e 77//£ M3/&S//V6 f/Uf/V A/£-fr//l5tV/77J S/OPf7A&£7*>.. by Martell ZV/iy/5, £/Al/£-t/OCJ fVJr/z ZffsV A k/A//fif'/WVC&£15 words
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Page 17 Advertisements
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Advertisement23 1988-09-17 17 At $140/- per panel, Timeszone is the unbeatable alternative. Call Jenny Wee at 730-5792 A guide to shops and services around your place.23 words
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Page 18 Advertisements
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Advertisement6 1988-09-17 18 Markets in India were closed yesterday6 words
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Advertisement11 1988-09-17 18 nnmmil Ku^ncss mm m m :Y MONTHLY MAGAZINE OF BOSINESS $411 words
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Page 19 Advertisements
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Advertisement39 1988-09-17 19 »\A%> ««Mft *«kHsio«r v nh%HM f«\ N* Vl« Tumnwu* C ontto\ersial and hardhitting anaKsis ol thi rash VWn it happened, what happened jrxl what it means Its implications tor Ihe Inline financial st.lt Ist ics $29.90 Times The Bookshop39 words
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Article, Illustration537 1988-09-17 20 LEE HAN SHIH - Bishan tenders attract average ot 13 bids for each unit By LEE HAN SHIH THE HOUSING and Development Board could raise up to $100 million annually over the next few years through the sale of shops in public housing estates A pilot sale,537 words
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202 1988-09-17 20 UPI OPPOSITION LEADERS and government negotiators are nearing agreement on an interim government to replace the authoritarian regime that has ruled Burma since 1962, said anti-government leader Brigadier-General Aung Gyi in Rangoon yesterday. The pace of anti-government demonstrations slowed yesterday, but tens of thousandsUPI - 202 words
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285 1988-09-17 20 IF SINGAPORE has a population that does not care two hoots whether they elect Members of Parliament who can distinguish between right and wrong, then the country is finished, said Mr S Rajaratnam yesterday. Speaking at a Thank You dinner organised285 words
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Article87 1988-09-17 20 WEST GERMAN Chancellor Helmut Kohl is to pay an official visit to Singapore for two days from Oct 9, as part of his official trip to South-east Asia and Australasia. According to a Reuters report from Bonn, his visit to Singapore will round off his swing87 words
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248 1988-09-17 20 THE SINGAPORE Malay National Organisation (PKMS) has expressed "deepest regret" over First Deputy Prime Minister Goh Chok Tongs recent statement that the government was not certain whether it should proceed with Mendaki 11, a proposed gov-ernment-backed institution meant to help the Malay248 words
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Article, Illustration509 1988-09-17 20 WILLIAM CHIA - By WILLIAM CHIA THE NUMBER of Volvo cars sold in Singapore raced to an all-time high last year, enabling it to outrun BMW for the first time. As a result, Volvo distributor S M Motors displaced BMW distributor509 words
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319 1988-09-17 20 A MALAYSIAN Cabinet committee has been set up to upgrade the major infrastructure facilities in the country to attract more investment. Deputy Prime Minister Ghafar Baba said yesterday. The committee would further improve the country's transport system encompassing road transport, ports, airports,319 words
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301 1988-09-17 20 FOO CHOY PENG - By FOO CHOY PENG THE foreign ministers of Singapore and China yesterday agreed that the prospects of a solution to the Cambodian conflict are better than ever. In spite of this, Mr Wong Kan Seng and his Chinese counterpart, Mr Qian Qichen. said301 words
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260 1988-09-17 20 PRIME MINISTER Lee Kuan Yew had a 65th birthday party last night which he is unlikely to forget It was thrown for him by one of the Chinese leaders he has known for years, Mr Zhao Ziyang, the Chinese party chief.260 words
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Article86 1988-09-17 20 Reuter COMEX SILVER futures recovered on new buying yesterday morning after being caught up in the downdrift from gold. In choppy trading. December silver was off 8.4 cents at U556,501 an ounce, with sellers backing away at US$6 46 versus the Feb 29 low of US$6 45. AnalystsReuter - 86 words
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LATE FILE
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Article87 1988-09-17 20 Bernama ELEVEN former Umno members, who initiated the court action that led to Umno being declared an unlawful society, yesterday brought fresh action against the New Umno president, the party's secre-tary-general. three newspaper organisations and two others. In a suit filed in Kuala Lumpur HighBernama - 87 words
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46 1988-09-17 20 AP US COMMERCE Secretary William Verity projected in Bangkok yesterday that America s trade deficit would shrink by 20 per cent by the end of the year and urged Americans to produce highquality products to become more competitive. APAP - 46 words
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Article49 1988-09-17 20 Reuter MORE than 380 million tourists will travel abroad this year, a 7 per cent increase over 1987. The Madrid-based World Tourism Organisation said yesterday that the increase was shared by all continents, with the Far East and the Pacific heading the list. ReuterReuter - 49 words
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Article61 1988-09-17 20 Reuter BRITAIN announced yesterday that inflation was running at 5.7 per cent for the year to August in a further sign that the economy was overheating. The official retail price index showed rises of 1.1 per cent in August, against July. The annual figure compared with aReuter - 61 words
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Article39 1988-09-17 20 AFP Sri Lankan Prime Minister Ranasinghe Premadasa has won the ruling party's nomination for the presidential election due in December. Mr Premadasa has been prime minister for 10 years under President Junius Jayewardene. AFPAFP - 39 words
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Page 20 Advertisements
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Advertisement88 1988-09-17 20 \AtWAN TEXTIUE FEDERATION KV'V Mi 71 FAR EAST TRADE SERVICE.INC. requesi the honor of your presence t 8t LisA '88 TAIWAN TEXTILE EXHIBITION In Singapore 11:00 A.M. P.M. September 21-23, 1988 at Magnolia Vanda Rooms, 3rd Floor Hyatt Regency Hotel Singapore Exhibits: All Kinds of Fibres, Yarns Fabrics Local Contact88 words
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