The Business Times, 24 September 1988
1988-09-24
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The Business Times
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Title Section12 1988-09-24 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, September 24-25 1988 75 CENTS12 words
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Article250 1988-09-24 1 AP Dow Jones higher BLUE CHIPS in New York were slightly higher yesterday morning but most stock prices headed lower as interest rates rose in US credit markets. The Dow Jones Industrial Average was up 1.78 points to 2,081.79 in the first hour of trading. AP FootsieAP - 250 words
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Article140 1988-09-24 1 THE PRICE of gold remained below US$4OO during early trading in Europe yesterday. Dealers described trading as nervous after the sharp fall earlier in the week. In London, the price of the yellow metal was fixed at U*****.30 an ounce yesterday morning, well above the 19month140 words
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Article, Illustration542 1988-09-24 1 FLORENCE CHONG - By FLORENCE CHONG SINGAPORE AIRLINES is cash--1 ing in on Australia s tourist bo--1 nanza with its first cooperation 1 agreement with a foreign national tourist organisation. In anticipation of more flights down under" next year, SIA has joined forces with the Australian542 words
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Article192 1988-09-24 1 SlA's new megatop Boeing *****0 the first of 14 will go into operation this December has set a world record during flight tests. The aircraft lifted off with almost 405,000 kg during a US test flight, the heaviest takeoff weight notched by any civilian aircraft,192 words
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376 1988-09-24 1 AP THE US STATE Department is optimistic that Malaysia and Singapore will uphold "an underlying commitment to fundamental democratic values" in spite of recent controversial arrests in the two countries, said David Lambertson, deputy assistant secretary of state for East Asian and PacificAP - 376 words
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151 1988-09-24 1 PETRONAS, Malaysia's national oil company, has denied making any award for the multi-million dollar pipeline project to channel offshore gas from Trengganu to Peninsular Malaysia and Singapore. The company was responding to a BT report yesterday which said that it had awarded a151 words
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Article, Illustration193 1988-09-24 1 SHARE PRICES on the Singapore stock exchange closed sharply lower in thin trading. The Straits Times Industrial Index fell 12.15 points to 1,033.71 while the broader-based Business Times Composite Index was trimmed by 9.74 points to 913.08. Dealers said retailers and fund managers were193 words
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Page 1 Advertisements
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Advertisement256 1988-09-24 1 i The World's Finest Photographic System. Full report, PAGE 16 Regional mkts, PAGE 18 World mkts, PAGE 19 BT on Saturday: 6 The worst things under the sun Japan 6 Prince with a common touch Home News: 2 Wearnes to assemble CD sets for Pioneer; changing the way S pore256 words
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Advertisement8 1988-09-24 1 AFL-CIO denies intercessions motivated by protectionism, PAGE 208 words
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Advertisement281 1988-09-24 1 Jiko The World's Finest Photographic System. Because we are here Page 7 QA A I T M l, ,1 rvnonai irvvts Not something to sniff at Pag® 7 Getting high on exercise Page 8 Adventure Make way for the taxi Pag* 9 Ftti Tender and tasty Page 9 WMkMNI nr281 words
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HOME NEWS
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442 1988-09-24 2 PAUL GOPAL - By PAUL GOPAL THE LISTED Wearnes group has secured a contract to assemble a minimum of half a million sets of compact disc players in Johor for Japan's Pioneer Electronic Corp. The job will be carried out by Wearnes Electronics, a Johor company442 words
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305 1988-09-24 2 NATIONAL PRODUCTIVITY CONGRESS FIVE PERTINENT questions were asked by Mr Michael Lowe, deputy director, National Productivity Board, on the last day of the National Productivity Congress yesterday. Firstly, how can Singaporeans change their attitude towards training the workforce from one that is short-term305 words
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200 1988-09-24 2 Interactive videodisc a faster and better way to learn EMERGING new technologies are not only focused on improving productivity but also on enhancing the training process. At yesterday's National Productivity Congress on Training, the interactive videodisc (IVD) was presented as an example. With the IVD, "all the different media and200 words
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Article, Illustration372 1988-09-24 2 THE OGILVY MATHER group will transfer a senior staff from New York to help out its public relations office in Singapore following the surprise resignation of its local director. Mrs Elaine Lim. Meanwhile, it is scouting for a new director for O&M Public Relations372 words
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334 1988-09-24 2 THE PLAN to transform the once-stately Alkaff Mansion to its former glory is taking shape. Yesterday, the Singapore Tourist Promotion Board invited tenders to develop the run-down 19th century mansion at Mount Faber Ridge into a cultural cum entertainment venue. The project, to cost334 words
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Article91 1988-09-24 2 THE MV Markham Bay, the ship which listed at Keppel Wharf last Sunday, is expected to be towed to a local shipyard this morning, a PSA spokesman said last night. PSA pilots and the port's marine safety personnel will assist in the operation.91 words
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191 1988-09-24 2 VARIOUS TRADE associations in the construction industry have formed a joint council to resolve common problems in the industry and work closely in joint ventures locally and abroad Speaking at a press briefing to introduce the council members at Construction House yesterday, Mr Jimmy Koh,191 words
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450 1988-09-24 2 CHUANG PECK MING - By CHUANG PECK MING INSTEAD OF LEGISLATION, more public education is needed to get children to look after their old parents. says a committee in its proposals to encourage more respect for the elderly. Much work has been done but there is room450 words
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Article1457 1988-09-24 2 AT CONVENTIONAL WHARVES < i Berth Arrival Departure KEPPEL WHARVES Oikvomco KIS olongside 24 09/0100 Fong Yon CIO alongside 24 09 0200 Hoi foong K3I alongside 24 09 0600 lokns K32 olongside *****300 Pyramids K20 alongside 24 09 0600 Sea Pioneer K16 alongside 24 09,1500 Shorn* IC351,457 words
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232 1988-09-24 2 TEN CANADIAN food companies will be testing Singapore as an export market through a mouthwatering display of Canadian food and drink, featuring such gourmet fare as smoked salmon to junk food such as French fries. The companies will be taking part in232 words
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Page 2 Advertisements
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Advertisement142 1988-09-24 2 Welcome to the new comforts of home There are changes in the air at Hotel Equatorial Kuala Lumpur. Most /Lyr imponant is the total make-over in our rooms and suites, now in a 7 modern, contemporary style that's charmingly comfortable. A new refreshing lcx>k greets you at our lobby. Plush,142 words
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Page 2 Miscellaneous
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Miscellaneous97 1988-09-24 2 z/S'Z "SS/ Max/ Note Mln 16/11 Clear 28/18 Rain 37/29 Clear 35/24 Clear 31/24 Cloudy 27/15 Cloudy 30/25 Sunny 21/11 Cloudy 19/12 Cloudy 31/25 Clear 15/10 Cloudy 24/12 Fine 20/10 Cleor 18/11 Clear 18/13 Cloudy 38/24 Clear 17/01 Cloudy 20/03 Cloudy 26/16 Cloudy 20/09 Cleor 18/13 Cloudy 33/25 Smoke 16/0597 words
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OVERSEAS
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524 1988-09-24 3 Agencies JOB PROSPECTS for 20.5 million men and women out of work in Western Europe and Japan look bleak, the Organisation for Economic Cooperation and Development (OECD) said yesterday. The 24-nation economic think-tank forecast there would be no overall drop in unemployment in those countriesAgencies - 524 words
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310 1988-09-24 3 Reuter SIXTEEN of the 250 most profitable corporations in the US paid no federal income tax last year on combined profits of US$9.6 billion, a public interest group has charged. General Motors Corp (GM), International Business Machines Corp (IBM) andReuter - 310 words
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Article855 1988-09-24 3 ARRIVALS Operator Service Local From number time SU SQ105 1105 KUL RBA BI421 1130 BWN TMA TL361 1130 BEY/SHJ SU SQ201 1145 CGK GtA GA940 1150 MES THA TG403 1155 BKK SJA SQ191 1155 PEN SiA SQ238 1155 MES THA TG407 1205 BKK/HDY GIA GA900 1210 PKU855 words
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Article, Illustration304 1988-09-24 3 Reuter MUSLIM army chiefs have refused to join a Christianled interim military government. plunging Lebanon into deeper political turmoil after the departure of President Amin Gemayel. The government, led by army commander General Michel Aoun, assumed presidential powers yesterday. Mr Gemayel announced a six-memberReuter - 304 words
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380 1988-09-24 3 FT THE SUPREME SOVIET, the national parliament of the Soviet Union, is being given the chance to debate and amend the government's draft economic plan and budget for the coming year, in a major departure from its traditional role as rubber stamp forFT - 380 words
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241 1988-09-24 3 AP IRAQ on Thursday started a national fund-raising campaign for the reconstruction of its southern port city of Faw Iraqi officials said donation centres were set up nationwide to collect financial and material contributions for the reconstruction of Faw The city is regardedAP - 241 words
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442 1988-09-24 3 FT THE EUROPEAN Community has lost a skirmish in its trade battle with the US when the council of the General Agreement on Tariffs and Trade postponed a decision on its complaint against some of the long-standing US import curbs. US restrictions on importsFT - 442 words
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Article, Illustration138 1988-09-24 3 Bernama BELGIUM, the world's biggest trading nation per capita and the seat of the European Commission, has assured Malaysia that moves towards one Europe by 1992 were not to create walls or a fortress to free trade. Belgium Prime Minister Wilfried Martens gave the assurances on threeBernama - 138 words
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Page 3 Advertisements
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Advertisement57 1988-09-24 3 'I J§ l|\ I' Itf Th e business person's choice, every I I II I II I Tuesday. Thuryjay. Saturday and I WI /I I M Sunday Leaving Changi Airport a -L. 22 05 hours and arrivina at Leste' B Pearson International Airport the following day Call your Travel Agent57 words
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Advertisement109 1988-09-24 3 G I 1 b v h ?V o W ►Nfc fs'V V* •'-Vr v> "O/ <v:v' •j ,1 V I J 1 V V/ sr~~~>L tv- Bu ben AulkiTLftt Dealers: HAUIirS 4 S SVCW A WT/? 0/tLW u X KYPI 'W *.Y> •A RENJAWN CHANM AIRPORT Aiw hurt her htifutry109 words
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Page 3 Miscellaneous
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Miscellaneous62 1988-09-24 3 Doonesbury DUKAKIS YSAH, I'M CALLING CAMPAIGN, ABOUT YBSTER&tfS MEGSAGB MBG6AGZ-OF-TH&-i CONTROL. MY ITmSNjON v A LAST ij mv N^' ;=W f 9 -21 YZSTSRPAY'S M&SAGS? HOLD ON, TV& GOT IT HBRB SOMBPLACB... NO.-.NO.SORKi, MY OFF ICB IS SUCH A... COULD YOU HOLO? I'LL GO LOOK ON IMB GOVERNOR'S 1 ft62 words
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MONEY AND EXCHANGES
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Article480 1988-09-24 4 DECEMBER Eurodollar futures yesterday opened three ticks lower on Simex yesterday than the previous close at 91 34 following the rebound in the Commodity Research Bureau index and gold market in late overnight trading However, the market lapsed into steady and thin trading as a result of the long weekend480 words
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Article201 1988-09-24 4 IMM currency futures were mixed yesterday after opening lower on the 0.6-per cent rise in August for US durable goods orders, which came in five times higher than expected. But shortcovering quickly stemmed declines. Volume was light and ranges narrow with traders sidelined as they await direction from this201 words
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Article185 1988-09-24 4 Gold futures on Sep 22, 1988 100 troy ounces; USS per troy ounce Opon High Low S.P 399 30 398.30 398.30 399.30 0.90 Oct 395.00 400.40 395.00 400.00 0.80 Nov 402 40 -0.80 Dot ***** 405.50 399.00 404.60 0.60 F«b 406 00 410 20 405.00 409.70 0.60185 words
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Article210 1988-09-24 4 ASIAN DOLLAR deposit rates closed steady at opening levels in quiet trading yesterday. us$ OFFER BID 7 doys 8 3/8 8 1/4 1 month 8 5/16 8 3/16 2 months 8 5/16 8 3/16 3 months 8 5/16 8 3/16 6 months 8 9/16 8 7/16 9210 words
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Article969 1988-09-24 4 OCBC Reuter SINGAPORE: The US dollar yesterday closed slightly firmer against most major currencies The US dollar closed little changed against the Singapore dollar in torpid trading. It fluctuated within a range of 2.0400 and 2 0410 It rose to 1 8785/95 marks from an early 1.8770/80 and New York'sOCBC; Reuter - 969 words
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Article59 1988-09-24 4 THE OVERNIGHT rate on the Singapore money market rose 1/8 to close at 5-1/4. One month rose 1/16, two- and three months rose 1/8 each. S$ Interbank rates at the close yesterday: OFF€» HO Ortnigh. 5 1/4 1/8 1 -month 5 t/16 4 15/16 2-month 5 1/0 559 words
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Article241 1988-09-24 4 Interbank rates at 3pm yesterday: CtlffMCtM Moml mi rate* X BID OfFER croei perRy change local dollars to one unit of foreign currency: US dollar ***** 2.0405 2.8196 •27.67 Sterling pound 3.3967 3 4004 7 3469 -53.77 Australian dollar 1.6020 1 6048 3.4286 -53.28 NZ dollar 1.2542 1.2569241 words
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Article104 1988-09-24 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****E 22.12.88 4.47 4.42 4.45 4.43 6 months BY*****Z 23.03.89 4.68 4.63 4.67 4.64 1 year BY*****S 20.07.89 4.70 4.65 4.68 4.64 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing104 words
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Article, Illustration191 1988-09-24 4 Indicates the average of the prime lending rates ol 12 major banks in S'pore Interbank market rates (offer/bid) on Sep 23 us$ DM SWFC Y»n 7 dart 8 3/8 1/4 11 3/8 1/4 4 7/8 3/4 3 1/4 1/8 6 15/16 13/16 1 ml* 8 1/4— l/$191 words
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295 1988-09-24 4 Reuter FOREIGN BANKS, which already compete strongly with one another to borrow funds in Tokyo's uncollateralised interbank yen call market, may be mostly crowded out if Japan s huge city banks enter the picture. "We can't do anything but look atReuter - 295 words
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Article1236 1988-09-24 4 CURRENCY FUTURES OPTIONS Friday, Sep 23, 1988 DEUTSCHE MARK (SIMEX) Oct 88 cal lla CM 88 put* 51 High Low Son High Low Sea 1 52 53 54 55 Nov 88 ci High Low 21 3 ill* Sea High No» 88 put* Low 3 14 Sea 53 S* 56 541,236 words
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421 1988-09-24 4 Reuter THE US Federal Reserve is holding to a steady monetary policy, despite a sharp jump in the level of bank borrowings from its discount window and a brief rise in the federal funds rate, economists said. Technical factors caused the jump, economists said,Reuter - 421 words
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BANKING AND FINANCE
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Article, Illustration410 1988-09-24 5 43rd IMF/World Bank meeting AFP A JAPANESE plan to be put to a series of monetary ministerial meetings starting in West Berlin today encourages banks to provide new money to indebted mid-dle-income nations, a Finance Ministry official said in Tokyo. Makoto Utsumi,AFP - 410 words
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Article61 1988-09-24 5 FT BRITAIN is set to lose its position as the second most powerful member of the International Monetary Fund, a role it has held since the fund was established in 1945. Its place is expected to be taken by Japan as part of a dealFT - 61 words
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Article125 1988-09-24 5 Reuter THIRD WORLD nations are preparing to use the international monetary talks in West Berlin for a drive to get new help to ease the burden of their US$l,2OO billion of debt. Deputy finance ministers of the Group of 24 developing countries met to drawReuter - 125 words
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175 1988-09-24 5 AFP THE RESERVE Bank of Australia lifted its rediscount rate from 13.2 per cent to 13.5 per cent on Thursday in what analysts said was a clear signal that interest rates would remain high until the end of the year. The increase followedAFP - 175 words
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Article64 1988-09-24 5 Reuter THE RESERVE Bank of Australia said statutory reserve deposits (SRD) would be reduced to zero from the present 1 per cent. Trading and savings banks have agreed to set up non-callable deposit accounts and to transfer SRD balances to those accounts on Feb 27.Reuter - 64 words
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405 1988-09-24 5 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent A PROFESSIONAL indemnity insurance for travel agents and tour operators the first of its kind in South-east Asia will be launched in Singapore by the end of this year. Britam Insurance Brokers, a subsidiary of the Bahamasbased405 words
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Article266 1988-09-24 5 AFP BRAZIL SIGNEO an agreement on Thursday with 230 creditor banks in one of the biggest financial deals of its kind, providing Brazil with an US$B2 billion package to help restructure its mammoth foreign debt. The agreement provides for US$5.2 billion in new loans toAFP - 266 words
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Article77 1988-09-24 5 Reuter THE US HOUSE Energy and Commerce Committee approved a bill expanding bank powers after adding provisions that separate banking and commercial activities. The committee also approved amendments that will allow bank subsidiaries to engage in existing insurance activities or in new insurance business ifReuter - 77 words
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COMMODITIES
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Article225 1988-09-24 5 SINGAPORE: Prices ended quietly lower yesterday, with RSS One buyer quoted at 213.00 cents a kg, down three cents from Thursday's close. Dealers said prices were easier in the morning session on long liquidation and continued to fall in the afternoon on some speculative selling. Trading remained quiet. On225 words
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Article271 1988-09-24 5 R AS priCGS In S cents/kg, FOB In bates NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 214.50 215.50N 212.50 213.50N !nt 1 RSS Oct 88 215.00 216.00N 213.00 214.00N Int 1 RSS Nov 219.00 220.00N 217.00 218.00N Int 2 RSS OP 213.00 215.00N 212.00271 words
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Article79 1988-09-24 5 (c«*its/kg) OCTOBER 1988 NOVEMBER 1988 (current month) (forward month) RAS NOON NOON Buyarj S«lt«rl S«lt*rt SSR 20 207 50 209 50N 207.50 209 50N SSR 50 205.50 207.50N 205.50 207.50N MRELB Buy»r> Sllin Svytri SMtn SM« CV 306.50 308.50N ***** 310.50N SAAB I 298.00 300 00N 300.0079 words
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Article128 1988-09-24 5 THE tin market continued its upward trend yesterday, climbing 23 cents from Thursday to end at M 519.80 a kg in increased activity. Dealers noted brisk short-covering from European and local traders, despite a higher premium of £130 over the price In Europe following sterling's fall against the128 words
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Article257 1988-09-24 5 HONGKONG: Gold ended little changed from New York levels in active trading following afternoon selling by US and Australian investors. It ended at U*****.60/399.10 an ounce against the identical local open and New York's U*****.50/399.00 finish. Dealers said the metal rose on local buying in the morning session257 words
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Article85 1988-09-24 5 ALL quiet in Singapore yesterday with many traders attending a futures seminar. Closing prices for crude (FOB origin) USS/borrel Change Topij (Oct) 13.65 -0.05 Minai (Oct) 13.55 unch Dubai (Nov) 11.83 +0 06 We»t Texas Intermediate, WTI (No*)* 14.66 0.11 New Yofk cloie previous doy Products (FOB85 words
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Article173 1988-09-24 5 UPI JAPAN'S CRUDE oil imports in August plunged below 10 million kilolitres (62 3 million barrels) for the first time since September 1967 in reaction to massive imports ahead of a tax hike which went into force on Aug 1. the Ministry of International Trade andUPI - 173 words
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Article492 1988-09-24 5 MALAYSIAN CRUDE PALM OIL FUTURES closed slightly easier yesterday in fairly quiet trading on the Kuala Lumpur Commodity Exchange. The easier trend was attributed to market players staying away ahead of the weekend. Spot month October dropped Mss to M 5959 per tonne, November was Mss lower at492 words
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Article93 1988-09-24 5 SOYBEAN FUTURES rallied sharply to close mostly higher on the Chicago Board of Trade on Thursday, ranging from up 5-1/4 cents per bushel in January to down one in thinly traded distant September. November settled at US$B 42 after posting a 28 cent range. CBT soybean product futures rebounded93 words
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Article86 1988-09-24 5 SOFT red winter wheat futures rallied from morning lows to close on or near the highs on the Chicago Board of Trade on Thursday, up 6-3/4 to 5-1/2 cents per bushel in improved trade. December settled at US$4 26-1/2 after posting an 11 cent range on the day CBT86 words
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Article231 1988-09-24 5 Reuter THE INTERNATIONAL Wheat Council (IWC) said on Thursday there was concern that world grain stocks might be dangerously low next year because of drought in North America and Soviet crop problems The IWC. which monitors world grain trade, forecast that the world would produceReuter - 231 words
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Article304 1988-09-24 5 Commodity Exchange Buyer/Seller closing prices on Sop 22 (£/tonn« unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London Sep 1152/1160 (1155/1160 High/Low 1160/1150 Nov 1140/1141 (1137/1139) High/Low 1148/1131 Soles (2985) Cocoa Sep 835/840 (843/845) High/Low 856/835 Dec 769/770 (777/778) High/Low 790/767 Soles304 words
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Article237 1988-09-24 5 Chinese Produce Exchange Sellers' noon closing prices on Sep 23 (SS/100 kg) Coconut oil Bulk FOB 120.00 Old drum FOB 130.00 New drum FOB 134.00 Copra Mixed (loose) 70 jellerj Pepper Muntok white FOB NLW 662.50 Sarawak white FOB foq NLW 652.50 Sarawak ipeciol block FOB NLW 365.00237 words
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PERSPECTIVE
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Article503 1988-09-24 6 i IF ASKED what they thought of The Sun, most people would probably base a reply on their perceptions of the third page, the "topless" one. That, however, is the least dangerous page in the paper; the real danger lies everywhere else in the503 words
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Article493 1988-09-24 6 NYT JAPAN this week tried to imagine what life would be like without the only emperor it has known since 1925 and raised questions that until now have just been whispered. The government is preparing for the worst. A small committee had gathered to discussNYT - 493 words
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Article, Illustration687 1988-09-24 6 DR VINCENT YIP - letters to the Editor DR VINCENT YIP EXECUTIVE DIRECTOR SCIENCE COUNCIL Dear Sir I refer to two recent articles in Business Times one on Sep 8 headlined "High-tech farms set to be billion dollar industry" and the other on Sep 13 headlined "Make room687 words
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Article, Illustration366 1988-09-24 6 Dear Sir I refer to the article "SSO could do with a little lift" by Shaun Koh on Sep 2, 1988 I attended the Singapore Symphony Orchestra concert on both the evenings of Sep 9 and 10. I enjoyed Maixnerova s performance of Chopin's366 words
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Article, Illustration843 1988-09-24 6 DAVID E SANGER; MARI TAKETA - Prince Akihito man with a common touch The Japanese Cabinet has transferred all duties of Emperor Hirohito to his son, Crown Prince Akihito. MARI TAKETA profiles the man who will be the next emperor while DAVID E SANGER relates how Japan this week reacted to the 87-year-old emperor's ailing health.AP - 843 words
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Page 6 Advertisements
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Advertisement82 1988-09-24 6 Ring 344-8955 now. To put in your nominations for Singapore's Businessman of the Year Award and the Enterprise Award. B1 BUSINESSMAN OF THE YEAR AWARD AM) ENTERPRISE AWARD Bu«*ness MfYGAPORf MONEY {> $4 A MONTHLY MAGAZINE OF DOSINESS TRENDS Singapore's money mandarin speaks out Food exporters' recipe for success Phuket:82 words
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Advertisement44 1988-09-24 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 3 pseudonym, if you wish. Address your letters to: The Editor, Business Times, 390, Kim Seng Road, Singapore 0923.44 words
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Page 6 Miscellaneous
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Miscellaneous30 1988-09-24 6 Wi'7 ohrs PuRdV- ft cup of yooß sFtNCST, PU£f\Se 7 ~vC I^2s^ cr 257^ t EVENING STANDARO CO LTO IM2-IMI PURDV'STGP TH£ OTHCR CP\nnot i^eßcH. 1 nNe>L£ TTMGie V 7/r-30 words
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Executive Lifestyle
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Article379 1988-09-24 7 THE WIFE of one young executive has been complaining that her husband dresses sloppily. She needn't nag anymore While driving his wife to work one morning, the executive stopped by a booth to buy an entry pass for the restricted zone. There were two queues and379 words
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Article, Illustration1343 1988-09-24 7 JULIAN WETHERED - By JULIAN WETHERED Julian Wethered, regional director of the De La Rue Co PLC. returns to the UK with his family at the end of the month. RICHARD, 12, and Christopher, 11, climbed Mount Kinabalu, and it says so on their T-shirts. Antonia and I went1,343 words
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Article, Illustration809 1988-09-24 7 MONICA GWEE - With MONICA GWEE A STRANGE THING happened on the way to the car park last week-end. I met another person taking pictures of car backs "Are you are you I began incredulously. "You've got to be joking! he burst out But it was true. There809 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration752 1988-09-24 8 GALEN CHAY - HEALTH By GALEN CHAY THE FITNESS CRAZE has spawned a new mutant The exercise addict. These are the people who torture themselves and make physical demands on their bodies for only one thing an exercise "high". The "high" is described as a feeling of euphoria and752 words
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Article, Illustration591 1988-09-24 9 THE FOOD TEAM - FOOD By THE FOOD TEAM CHINA'S Jiangsu province, formerly known as Jiangnan, is well-known for demure beauties, idyllic scenery and sumptuous cuisine. The wine, women and delicacies of this south-eastern province led to the downfall of at least one Chinese emperor. A thousand years ago.591 words
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Article, Illustration653 1988-09-24 9 CHARLES SAVAGE - ADVENTURE By CHARLES SAVAGE IF YOU ARE lost in the bandit infested Baluchistan Highlands of Pakistan, bouncing along dirt tracks in a conspicuous looking London cab, it should come as no surprise if some wild tribesmen take pot shots at you. And if it was653 words
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Article, Illustration783 1988-09-24 9 N K YONG - By N K YONG I STOOD on the low wall which bounded the vineyard which had its name carved on the wall and surveyed the most expensive piece of soil in the world. This was the Romanee-Con-ti, the vineyard after which the Domaine de783 words
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Article, Illustration612 1988-09-24 12 SANGEETA MULCHAND - JAZZ oy a By SANGEETA MULCHAND AS FAR AS the lady is concerned, God and alcohol don't mix. Whatever Lady Rebecca may churn out in her performance at the Saxaphone. you can be sure that it won't be gospel. Despite her church choir background and a wonderfully powerful612 words
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Article, Illustration542 1988-09-24 12 Sangeeta Mulchand - by i Sangeeta Mulchand THE TRUTH is out. Bald men are not more virile than their hairier counterparts For years, bald men have been proudly flaunting their shiny domes as proof of their virility but. according to tricologist Kenneth Price, who was here at the request542 words
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Article364 1988-09-24 12 about that shining pate YUP, IT'S ALL in the hormones Eunuchs will never have to worry about going bald. According to Dr Goh Seng Heng, MBBS and M Sc in dermatology. hair loss results from a combination of (actors, mainly hormones and inherited genes. Eunuchs cannot produce androgen, the chief364 words
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Article, Illustration676 1988-09-24 12 Mike Thumba - Bridge By Mike Thumba COMPETITIVE BIDDING is generally used to prevent the opponents from reaching a game as the partnership suits do not afford much chances of a good defence. Furthermore, it is also used as a sacrifice game' to gain advantage in points676 words
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Article, Illustration167 1988-09-24 12 fA shi° n IT'S THE "BLURRED'' LOOK for men this season at Nino Cerruti, with mixed textures from luxurious natural fabrics The designer's Autumn/Winter collection combines the spirit of his more classic 1881 men's line with sportive elements of his Cerruti Brothers collection. A softer cut lends167 words
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Article, Illustration1199 1988-09-24 13 EKACHAI UEKRONGTHAM - Come December, history will be created tor local English theatre when five plays will be shown on television in a 'pilot' series. EKACHAI UEKRONGTHAM talks to three playwrights whose works are likely to be chosen. EKACHAI UEKRONGTHAM "THIS IS A big dream come true,'' said1,199 words
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Article, Illustration444 1988-09-24 13 SANGEETA MULCHANO - PERSONALITIES By SANGEETA MULCHANO IT'S THE SAME everywhere when it comes to celebrities. Intense curiosity over their personal lives, no matter how mundane the details. In the true spirit of a celebrity, the oval-faced 31-year-old actress/singer swept into the press conference exactly444 words
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Article, Illustration885 1988-09-24 13 Roger Loh - r^% Roger Loh THERE'S always the odd one in every crowd. For the record, the name 10 c.c. supposedly derives from the nine cubic centimetres of semen ejaculated by the average male. Figure that out! For those who don't care either way, it can t be too885 words
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Article744 1988-09-24 13 Sakina Dhilawaia - Compiled by Sakina Dhilawaia 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; 9744 words
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Executive Lifestyle: Sports & Entertainment
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618 1988-09-24 10 Jerome Fandor - MCk With Jerome Fandor SPI BOY is my favourite to take the Totalisator Board Feature Stakes to be run over 1600 metres in Ipoh tomorrow. The William Chua-trained five-year-old was a fast finishing third to Cozzene over 1400 metres last weekend It was618 words
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Article, Illustration463 1988-09-24 10 GOLF AFP WEST GERMANY'S Bernhard Langer had his best putting round in four months when he shot a 68 on the opening day of the German Masters at the Solitude Club in Stuttgart on Thursday. Langer's four-under round left him trailing leader Eamonn Darcy ofAFP - 463 words
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Executive Lifestyle: Personal Investment
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Article, Illustration787 1988-09-24 14 ROSIE TAN - GOLD By ROSIE TAN GOLD has taken a severe beating this week. The price of this commodity fell on Wednesday to below its key support level of US$4OO a troy ounce for the first time in 19 months. The yellow metal, soughtSource: Fraser Roach - 787 words
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Article484 1988-09-24 14 FT A SUSTAINED FALL in the price is likely to speed up a reorganisation and rationalisation of the gold industry which was already on the cards, according to a timely report from Metals and Minerals Research Services, the London-based consultancy group. The study looks atFT - 484 words
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318 1988-09-24 14 MAGDALENE NG - COMPETITIONS By MAGDALENE NG DAIWA SINGAPORE Ltd managed to retain top spot in the Great Investment Race amidst another week of lethargic trading in the major stock markets The Japanese merchant bank improved its portfolio score again, this time by 4.7 percentage points318 words
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Article, Illustration918 1988-09-24 14 CORPORATE LINGO Today, you can't help feeling confused in the face of the continuing credit card war among banks. Application forms drop into letterboxes with increasing regularity, each trying its utmost to increase the number of little plastic cards you carry in your wallet. A working918 words
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Article, Illustration704 1988-09-24 14 KEVIN GWEE - CURRENCIES By KEVIN GWEE THE NEW ZEALAND dollar, like the British pound, has been favoured by local investors because of the high interest rates that it offers. In recent weeks, however, both currencies have suffered exchange losses that threaten to wipe out all,704 words
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Article, Illustration455 1988-09-24 14 Robert C S Tay - I llBiW WiTMn aunnll lU IT 1 BJ fnilf ll 7|WimWl.l«imiMl: 1| m 111 d ill lilil iiu' Imm I ll II APJtniHAW 1 ill I L r V ir 1 k > by Robert C S Tay Investment Manager of Phillip Securities THE TECHNICAL PERSPECTIVESource: Investamatic - 455 words
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Page 7 Advertisements
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Advertisement133 1988-09-24 7 Since 1735 there has never been A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL 15E mma&ms, ft, MW/f I r A /Jl SC o A > <€> -<?: T?i Sb O is^\ I Wf -S SJN V O* \> \\v V* > >*S,/ V> V V k r Ik ,"\V^133 words
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Page 8 Advertisements
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Advertisement813 1988-09-24 8 Whe re to entertain. J Baron's Sunday BuflelA Family Eating 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 a Children's813 words
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Advertisement296 1988-09-24 8 lattafizmg Spanish flavours attheßehedm The Spaniards have invaded the Belvedere with wonderful dishes like national favourites ftiella Valenciana and Tortilla a la Espanola. And for sweets, we recommend Flan de Naranja. one of the 24 desserts you'd love to tuck into. Over HO dishes, at just $31* for adults and296 words
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Page 9 Advertisements
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Advertisement223 1988-09-24 9 f T s f n 0 Sunday Brunch: A great family outing It's 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 fruit salad223 words
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Advertisement53 1988-09-24 9 Take fte 5" Z Z V J. QUALITY GUARANTEED y ULLV VATyRf 0 4 1 K! FINEST SCOTCH WHISKY blenoed a bottlco bv &r/>yr pfoti. ifhi/tZ/rn £/)t/mAarfott. pfcot/aru/ PRODUCT Of SCOTLAND 01 IMPOT 01IH AUIID WALKER DISTRIBUTORS SON BHO SO JAIAN PfNCMAIA PI!AUNG JAVA MALAYSIA C z r m y/A53 words
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Page 10 Miscellaneous
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Miscellaneous1694 1988-09-24 10 Barrymore, John Wayne, Eliot and Bach Movies An eight-year-old girl with the ability to reduce an object to ashes at a glance is fiercely sought after by a ruthless government agent in Flrestarter. Mark Lester directs this showcase of stunts and special effects which stars Drew Barrymore. David Keith, Heather1,694 words
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Miscellaneous1016 1988-09-24 10 I 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.*5 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 8.451,016 words
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OLYMPIC SPECIAL
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235 1988-09-24 11 BOXING AP TODD FOSTER ran the American Olympic winning streak to six fights last night by knocking out Khalid Rahilou of Morocco with a tremendous right hand in the second round. Foster, who had already knocked Rahilou down twice, connected with anAP - 235 words
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292 1988-09-24 11 SWIMMING Reuter IRREPRESSIBLE Kristin Otto plundered her fourth Olympic gold medal and Matt Biondi bagged his third as two world records tumbled in the Olympic pool yesterday. East Germany's pride Otto, the world s most versatile swimmer, sprinted away with the 100Reuter - 292 words
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Article352 1988-09-24 11 GYMNASTICS AP SOVIET ELENA Shushunova. perfect under Olympic pressure, yesterday defeated Daniela Silivas of Romania for the all-around gold medal in women's gymnastics the closest finish in the event's history. Silivas, a 1.37 m Romanian with curly blond hair and an infectious smile, took the silver medal,AP - 352 words
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Article, Illustration743 1988-09-24 11 AP A DIMINUTIVE Portuguese won the women's marathon, a Czechoslovak took the 20km walk and an East German captured gold in the men's shot put in opening action yesterday at the Olympic track and field championships. Rosa Mota became the first gold medalist of theAP - 743 words
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Article, Illustration479 1988-09-24 11 TENNIS AP THE ROAD to history's first "Golden Slam'' was a bit bumpy yesterday as Steffi Graf won her first match of the Olympic tournament. The 19-year-old champion, who completed a tennis Grand Slam by winning the US Open earlier this month, ranAP - 479 words
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292 1988-09-24 11 BASKETBALL UPI ANTONIO MARTIN scored four of his 17 points in a decisive 8-0 spurt yesterday, carrying Spain past Canada 94-84 and clinching at least third place in Pool B of Olympic men's basketball. Spain, 3-1, plays its final preliminary game today against Brazil andUPI - 292 words
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Article176 1988-09-24 11 Basketball Men's preliminaries (7.45am to 2pm; 2.30pm to 9pm) Boxing Preliminary bouts (8am to 11am; 5pm to 8pm) Cycling Men's and women's team pursuit sprint (3pm to 7.30pm) Equestrian Open team dressage (7am to 4pm) Fencing Men's epee individual (elimination round: 12pm to 3.30pm; finals: 6pm to 8.30pm)176 words
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Page 11 Advertisements
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Advertisement27 1988-09-24 11 FEDERAL EXPRESS. WORLDWIDE SPONSOR OF THE 1988 OLYMPIC GAMES. 4 Official Air Express Carrier of the 1988 Olympic Games The Air Express Company. Telephone: *****26 Worldwide Sponsor27 words
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Advertisement6 1988-09-24 11 FEDERAL EXPRESS The Air Express Company6 words
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Page 12 Miscellaneous
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Miscellaneous730 1988-09-24 12 mmmim CRYPTIC PUZZLE ACROSS 9 Locks are oiled with it (4.5) 10 Getting a part skating on ice with difficulty (2,1,5) 12 The novice put in to compete is terrible (4) 13 Leave, which takes the editor back a bit (6) 14 Be entitled to take back the food you've730 words
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Page 14 Advertisements
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Advertisement28 1988-09-24 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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Article450 1988-09-24 15 KEVIN GWEE - By KEVIN GWEE 78 SHENTON WAY. both the name and address of Malayan Credit Ltd's newest building, was officially opened yesterday. The 34-storey office building is the only prime office building in the Central Business District to come on the market this year. The 150-metre450 words
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COMPANY BRIEFS
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Article70 1988-09-24 15 UNITED Industrial Corporation has received a number of preliminary enquiries concerning the group's interest in First Capital Corporation and Tung Centre. But no offer has been received by the company, UIC said. The company was responding to a BT report which had speculated on70 words
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Article147 1988-09-24 15 THE SES said RMCA Reinsurance Ltd has been admitted to its official list and trading in the 50m $1 shares will start on Sep 26. The company's recent offer of 22.5 m new shares to the public at $1.80 each was oversubscribed 5.3 times. A147 words
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Article126 1988-09-24 15 TDM BHD has decided not to proceed with the proposed acquisition of a 20pc stake in Malaysian Helicopter Services Bhd and 49pc of Jasa Merin (M) Sdn Bhd. This is because the existing shareholders of these companies would like to exercise the pre-emption rights to126 words
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Article95 1988-09-24 15 CK Tang Ltd said it has received acceptances for 8.41 m new shares with TSRs representing 99.62 pc of the 8.45 m new shares issued under its rights issue at $2.25 per share with 16.9 m TSRs on the basis of one new share with two95 words
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Article38 1988-09-24 15 BERJUNTAI TIN Dredging Bhd said there is vast potential in turning old mining land into agriculture plantations. Chairman Ibrahim Menudin said research projects at Batang Berjuntai had shown encouraging results in this direction.38 words
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Article206 1988-09-24 15 LAST FULL YEAR Company Period Dot* Year Net EPS Gron Nat announced ending (cants) dfv profit last year ($-000) Bufcrt Katil Final Jul 29 Apr 88 98 200 616 Set Properties Interim Jul 30 Oct 88 09 1.0 2.806 H Negara Interim Aug 12 Dec 88 20 3541206 words
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Article228 1988-09-24 15 LAST FULL YEAR Company P«rlod Dot* Year Net EPS Grou N#t announced •txjlog (cant*) div profit lait year ($•000) Duta Com Final Aug 28 Dec 86 ***** Fed Cables Final Sep 12 Jun 87 6.1751 (i> S J Amol Final Mar 87 66 472 Worldwide Hldgj Final Apr228 words
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463 1988-09-24 15 NST THE KUALA LUMPUR Stock Exchange has changed its mind about removing three longsuspended counters from its official list. In a circular to stockbrokers yesterday, the KLSE said the delisting has been deferred until further notice. The delisting was to have beenNST - 463 words
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Article, Illustration529 1988-09-24 15 MAGDALENE NG - JSL posts 89pc jump in profits at half-time By MAGDALENE NG JURONG SHIPYARD Ltd (JSL), one of the Big Four shipbuilding and repairing companies in Singapore, is living up to market expectations of sharply improved earnings for the current financial year. At the half-way mark,529 words
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Article, Illustration185 1988-09-24 15 ALLAN NG - Insider Trading Trid ALLAN NG THE INSIDER TRADING 'rial of Allan Ng has been adjourned to Monday to enable the defence to record a statement from Mr Paul Martin Hitchcock, the gene al manager of merchant bank Baring Brothers Asia Ltd. Allan Ng, 46, is charged185 words
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LATEST RESULTS
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Article80 1988-09-24 15 HOTEL PROPERTIES LTD trebled its net group attributable profit to $2.47 m ($808,000) on turnover of $19.53 m ($17.03 m) for the half year to end-June 1988 EPS is 1.76 cents (0.58). Directors of the company, who attributed the good results to an increase in visitor arrivals80 words
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Article150 1988-09-24 15 RESOURCES DEVELOPMENT CORP plunged into the red with a $1.44 m consolidated loss ($2.25 m profit) on turnover of $75.86 m ($68.83 m) for its half-year ending June 30. Turnover shrank by a third at the company's level which saw a loss of $281,000 against a profit150 words
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Article64 1988-09-24 15 AMTEK ENGINEERING LTD turned in a maiden group attributable profit of $6.01 mon turnover of $39.5 m for the year to end-June 1988, exceeding the forecast figures given in its prospectus. EPS is 14.3 cents. Directors expect to improve performance further and has recommended a first and64 words
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Article44 1988-09-24 15 YTL CORP BHD increased its group attributable profit by nearly 15 times to M55.93m ($405,000) on a much enlarged turnover of $135.37 m ($15.25 m) for the year to end-June 1988 EPS is 5.1 cents (0.9 cents). No mention of dividend.44 words
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Article66 1988-09-24 15 GUINNESS MALAYSIA BHD has turned in a group attributable profit of M516.62m (M514.53m) on turnover of M5145.76m (M5120.85m) for the six months ended June 1988. EPS is 7.7 cents Directors expect a satisfactory trading profit for the rest of the year. A dividend of seven cents per66 words
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Article42 1988-09-24 15 BOLTON PROPERTIES BHD has reported a group attributable profit of M 595,000 (M 5194,000) on turnover of Ms7m (Ms 6 64m) for the half year to June 30, 1988. EPS is 0.17 cents (0.35 cents). No interim dividend recommended.42 words
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STOCK EXCHANGE OF SINGAPORE
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Article93 1988-09-24 16 Company RIGHTS ISSUE OAF ltd One-for two $040 per share Ex-dote: Sep 19 SPP Books dose: Sep 29 One-for-two $025 por per shore Ex-date: Sep 16 Tuan Sing Books close: Sep 28 Two-for fi»e $0 25 par per share Ex-date: Sep 16 Books dose: Sep 28 Company BONUS93 words
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Article267 1988-09-24 16 Company RIGHTS ISSUE C 1 Holdings 27 million loon stocks in the rotio of $3 loon stock for every five ordinary shores held Duta Cons One-for-one $1 10 per shore FACB One-for-one JO 60 per share General Corp Issue ol $49,204,936 nominal omount of 8% Convertible Unsecured loon267 words
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Article175 1988-09-24 16 JACK-CHIA MPH Limited: AGM at Tai-Pan Ramada Hotel, Pine Room, 3rd Storey, 101 Victoria Street, Singapore 0718, today. Sep 24, at noon. DEVELOPMENT A COMMERCIAL BANK Berhad: 23rd AGM at the Ballroom, Hotel Equatorial. Jalan Sultan Ismail. ***** Kuala Litmpur on Wednesday, Sep 28, at 10.30 am. GEORGE175 words
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Article314 1988-09-24 16 Managers' prices for Sep 24 26 UOB Management Unifund 091 0 91 Singapore Unit Trust Unibond 1015 104 The Commerce 096 102 MARA-Bumiputra The Sov.ngs Fund 084 090 First B'putra 6 31 636 S pore Prog Fu«d 038 042Second B'putra 571 576 S pore Sec Fund 064 069314 words
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Article, Illustration692 1988-09-24 16 Galan Chay - -by Galan Chay INVESTOR SENTIMENT waned further in Singapore as share prices fell in thin trading. The Straits Times Industrial Index dropped 12.15 points to 1,033.71 while the Business Times Composite Index was also lower, shedding 9.74 points to 913.08 points. Trading volume692 words
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Article5408 1988-09-24 16 Gr's Gr's 1988 Tel Last Dtv Dlv Y'W Net Vol Day Last Quota High Low Code Company Sal* or- C'*r P/E (*000) High Low Buyer Seller SECTION ONE INDUSTRIAL ft COMMERCIAL 141 95 1 1000 Acma 115 -2 1 ON 2.4 0.9 47.9 11 115 115 1155,408 words
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SES/KLSE
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Article, Illustration2710 1988-09-24 17 SHARE PRICES on the Kuala Lumpur stock market dipped further yesterday in another dull session In tandem with the weaker Wall Street overnight, the market opened lower with only some 500 000 shares traded in the first hour. Trading interest remained scant Brokers said2,710 words
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259 1988-09-24 17 MBT MALAYSIAN RESOURCES Corp (MRC) has forecast a group loss of Ms3o 1 million and Mss 49 million for 1988 and 1989 respectively The loss per share before tax is projected at 11.7 cents and 1.3 cents The forecasts are based onMBT - 259 words
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Article987 1988-09-24 17 Current pe y meot Es dele Books D«lo peyebte ToM lor fee yeer ToM lor Ale* Hldgs 4%'bl Aug 30 Seo 0 Sec 26 4% Asiatic De. 2% "I Oc' 12 Oc» 26 No. 2' 2"* 5% Austral Amal '5% Oc 7 Oct 21 No. 8 25% 15%987 words
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Article651 1988-09-24 17 BONDS, LOANS WARRANTS Company Eipiry Coupon Conversion period Interest Conversion term lor one ordinary maturity date <%> payable share Onion Hup Wm 199) Anytime on or after Mor 1987 1 6 worronts plus $1 60 cash until Dec 31 199! City Dev Roods 1994 5% Feb 1 City Dev Wm651 words
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REGIONAL MARKETS
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Article, Illustration781 1988-09-24 18 Companies with large capitalisations favoured Reuter THE BIG FOUR Japanese brokerages have decided what sectors to recommend in their new fiscal year, starting in October, but some analysts disagree with the reasons for their choices. The four finished strategy meetings this weekReuter - 781 words
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Article179 1988-09-24 18 Reuter A HONGKONG listed subsidiary of Polly Peck International PLC is planning a public offer of existing and new shares with free warrants. A Polly Peck Far East Ltd statement said it will offer for sale 52 million shares at HKS2 48 each withReuter - 179 words
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127 1988-09-24 18 Reuter THE AUSTRALIAN Companies Act and Code will be amended to allow for early introduction of a faster share transfer system, the joint Federal-State Ministerial Council for Companies and Securities said The council decided the legislation should be amended to ensure an effective pilot runReuter - 127 words
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Article, Illustration1450 1988-09-24 18 Hongkong Reuter HONGKONG share prices i finished almost unchanged yesterday after j firming marginally in the afternoon on positive results from a major property developer, brokers said. The Hang Seng Index closed 1.46 off at 2.454 38 and the broader-based Hongkong Index eased 1.58 to 1,616.59.Reuter - 1,450 words
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Article, Illustration526 1988-09-24 18 Reuter JAPAN'S Daiwa Securities Co Ltd's decision to open a Vancouver office is part of a broader move by Asian companies into this venturecapital centre, analysts said. Once post-crash activity picks up again on Vancouver's goldbased stock market, other Far EastReuter - 526 words
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Article250 1988-09-24 18 FT TOYOTA has become the fourth Japanese motor company to launch an equity-based joint venture in Taiwan, where the booming economy has led to a rapid expansion of the car market in the past couple of years Nissan, Mitsubishi and Hino have already launched joint ventures, andFT - 250 words
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Article, Illustration583 1988-09-24 18 Australia Reuter AUSTRALIAN stocks j closed higher yesterday as local and overseas buying returned to the national share market in renewed positive trading Brokers said the heavy selling seen in the last fortnight had been reduced significantly and there now was very little downside in the market.Reuter - 583 words
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Article376 1988-09-24 18 Reuter TAIWAN stocks posted major gains across the board in early trading yesterday. sending the index soaring by more than 200 points, dealers said. The weighted index rose to 8.619 90 from Thursday s record-break-ing 8.418.87 close Dealers said the market upswing over the past two daysReuter - 376 words
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Article294 1988-09-24 18 Reuter MOST share prices on the Seoul exchange fell on profit-taking by private investors yesterday following Thursday's sharp rise, brokers said The composite index fell 9 04 points to close at 674.69 on thin turnover of 88 4 billion won against 129 1 billion. "ManyReuter - 294 words
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Article100 1988-09-24 18 Reuter SHARE prices on the Manila exchange closed steady yesterday but in thin, reduced volume as investor interest continued to shift to the foreign exchange market Manila Stock Exchange composite index rose slightly to 736 46 from 736 00 points The combined volume fell to 247 9Reuter - 100 words
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Article170 1988-09-24 18 Reuter THE SECURITIES Exchange of Thailand Index edged up 0.39 to 443.98 yesterday on a turnover of 5.481.644 shares worth 375.09 million baht. MP 23 BAMT Ao Kham Thai 442 unch > 1 "< 1 i 430 unch Bangkok Agro-tnd 106 unch Bangkok Bank 293 -2Reuter - 170 words
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Article145 1988-09-24 18 Reuter BOMBAY share prices dropped selectively on profit-taking yesterday triggered by end-of-ac-count considerations after rising steadily over the past two days, brokers said. They said most traders preferred to restrict their outstanding positions in anticipation of higher contango (carryforward) charges for business done in the two weeksReuter - 145 words
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198 1988-09-24 18 Reuter DIVERSIFIED manufacturer Pacific Dunlop Ltd has agreed to buy the Repco auto parts and distribution business from Ariadne Australia Ltd for about As2so million. Pacific Dunlop managing director Philip Brass said his company would fund the purchase from cash in hand and wouldReuter - 198 words
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WORLD MARKETS
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Article, Illustration883 1988-09-24 19 New York Reuter WALL STREET stocks lost ground on Thursday amid investor concerns about the economy. Analysts said prices fell on news that the August US budget deficit rose to US$23 08 billion A bout of program selling late in the afternoon also added pressure onReuter - 883 words
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Article, Illustration1029 1988-09-24 19 London Reuter EQUITIES on the London market opened quietly lower yesterday, mainly in response to the (all on Wall Street I overnight, and dealers said prices are likely to drift lower throughout the day unless some fresh bid action emerges There were no major companies reportingReuter - 1,029 words
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Article2003 1988-09-24 19 Reuter AMSTERDAM: Share prices on the Amsterdam stock exchange turned easier at midsessions after a mixed start in another day of uninspired trading ahead of the weekend, dealers said Last night a Dutch cabinet crisis over the introduction of a new passport was averted Dealer reactions toReuter - 2,003 words
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Article, Illustration617 1988-09-24 19 Minorco's bid for Cons Gold Reuter SOUTH AFRICA s leading business family, the Oppenheimers, are seeking to expand their overseas interests and thus become less vulnerable to antiapartheid pressures, according to Johannesburg analysts. The bid by the Oppenheimer companies overseas investment arm Minorco, Minerals andReuter - 617 words
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428 1988-09-24 19 NYT DREXEL BURNHAM Lambert Inc has suffered several court setbacks in its defence against the huge securities fraud case filed earlier this month by the Securities and Exchange Commission. In the first hearing in the SEC case, federal district judge Milton Pollack denied repeatedNYT - 428 words
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241 1988-09-24 19 Reuter DELTA Air Lines Inc has ordered or taken options on 215 new aircraft, dividing the order between McDonnell Douglas Corp and Boeing Co in deals that could total US$lO billion. The huge order, which had been hotly contested by theReuter - 241 words
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Page 15 Advertisements
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Advertisement86 1988-09-24 15 #3 BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, horse-racing, tennis, bowling, etc. And, of course, the all-round executive cannot afford to miss Sevvv's golf date every86 words
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Page 15 Miscellaneous
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Miscellaneous36 1988-09-24 15 ccmbo: Fo* c/ 00, At*. fOO TO Wfi/nr TVf&PAiPAMY il//s72>/*CJ. Gr=£CC>/*S£ "..AH2&VM& AU- n/£ £6fV£7& fc&fMTSS, A\'£>/A/4 £nsu~ c*//?e#S7Z/vnaat£ fry 4 7&V-<y£X X-<?%-£>■' AtS£A/'g ZA<£7 /✓*ty/*/-.-=» i twus 0&L. h//rtf &cr*.. T wouuxSr &so*s 7& Af&s/.36 words
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Page 17 Advertisements
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Advertisement10 1988-09-24 17 Nor Ente Call. THI IMK \W *Kl> l> ENTERPRISE AWARD10 words
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Page 19 Advertisements
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Advertisement143 1988-09-24 19 1 Ric Star Leather Goods Pte Ltd (In Vol. Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap. 50) that the Final General Meeting of the Members of the abovenamed Company will be held at the Office of M s Wee Seng Tiong143 words
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Advertisement371 1988-09-24 19 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF RIGELL INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) I NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the 1 Companies Act. Cap 50. that a Final Meeting of the Members371 words
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Advertisement352 1988-09-24 19 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 AND IN THE MATTER OF BENROTH INVESTMENTS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company held at Unit 03-00 Finlayson House 4 Raffles Quay Singapore 0104 on 23 September 1988 the following Special Resolutions were352 words
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451 1988-09-24 20 JEFFREY TSANG - Strategic business unit set up By JEFFREY TSANG THE ECONOMIC Development Board, known for attracting foreign capital into Singapore, has made an about turn it has set up a strategic business unit (SBU) to help Singapore companies invest overseas The SBU, called the451 words
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157 1988-09-24 20 SINGAPORE has benefited from the globalisation of businesses. And she is a willing partner to companies who are interested in the globalisation process, said Mr Philip Yeo, chairman of the Economic Development Board. Mr Yeo was speaking last night at the 100 th anniversary157 words
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458 1988-09-24 20 WILLIAM CHIA - By WILLIAM CHIA LOCAL FIRM INTERFAMA Trade Fairs, which only last month merged with international exhibition organiser Cahners, has been sued for breach of contract by one of its "official forwarders". On Wednesday, Des Freight Services filed a writ of summons against Interfama in458 words
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222 1988-09-24 20 Bernama TWO MORE Malaysian members of Parliament who have refused to join New Umno yesterday applied to the Speaker to be seated with the Opposition from October 10, when the Budget session begins. Datuk Kamaruzaman Ahmad (Tanjung Karang) and Datuk Zainal Abidin Johari (Sik)Bernama - 222 words
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378 1988-09-24 20 Reuter SOUTH KOREA'S Economic Planning Minister Rha Woong-bae yesterday brushed aside fears of post-Olympic economic gloom, forecasting a stable 8 per cent growth in gross national product for 1989 The government has projected 10 per cent growth in 1988. "Even if theReuter - 378 words
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138 1988-09-24 20 AFP AUSTRALIAN FOREIGN Minister Gareth Evans warned yesterday that the debate over Asian immigration could cost the country billions of dollars in trade with its neighbours At a Foreign Correspondents' Association of Australia luncheon in Sydney, Mr Evans said that Canberra had picked upAFP - 138 words
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252 1988-09-24 20 Bernama ASEAN and Japan have agreed to explore the possibility of having the private sector take part in the Asean-Japan dialogue process, including the involvement of the Asean Committee in Tokyo and the Asean Promotion Centre The 10th Asean-Japan forum in TokyoBernama - 252 words
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253 1988-09-24 20 Bernama A CABINET Committee has been formed to coordinate and develop Malaysia's maritime industry. Transport Minister Dr Ling Liong Sik said yesterday. Chaired by Dr Ling, other committee members are Finance Minister Datuk Daim Zainuddin; Trade and Industry Minister Datin Rafidah Aziz; andBernama - 253 words
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Article104 1988-09-24 20 Bernama MALAYSIA has agreed to send its soldiers to Namibia to join the UN peace-keeping force there. Deputy Prime Minister Ghafar Baba said yesterday. Namibia, previously known as Southwest Africa, is largely administered by the South African Defence Forces "We have always beenBernama - 104 words
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305 1988-09-24 20 Bernama AFP THE AMERICAN Federation of Labour-Congress of Industrial Organisations (AFL-CIO) has denied that it is motivated by "protectionism" in its efforts to improve labour policies in Malaysia and Singapore Charles Gray, executive director of the trade union's Asian-American Free Labour Institute, told aBernama; AFP - 305 words
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Article, Illustration498 1988-09-24 20 NYT AFP THE Asean-sponsored resolution on Cambodia, tabled annually at the United Nations General Assembly. will be updated this year to emphasise two objectives, said Singapore's Permanent Representative to the UN. Kishore Mahbubani. "This year's resolution has the double objective of saying thatNYT; AFP - 498 words
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Article101 1988-09-24 20 Reuter COMEX SILVER futures yesterday edged up on buying spilling over from a firm gold market At mid-morning. December silver was up 3.7 cents at U556.39 an ounce, adding to the recovery from Thursday's low for the week of US$6 23. Analysts said the support came from theReuter - 101 words
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LATE FILE
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Article51 1988-09-24 20 AP AFP BURMESE Opposition leaders announced yesterday that they would form a united front of all groups struggling for democracy against the new military government of General Saw Maung. Earlier yesterday, the general told the Opposition not to make any further demands on his government AP,AP; AFP - 51 words
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Article58 1988-09-24 20 AFP CHINA will continue its open policy towards foreign investment and trade even as it tries to cool its overheating economy. Vice-Premier Yao Yilin, who heads the State Planning Commission, said that China would spend the next two years "improving the economic environment and straighteningAFP - 58 words
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Article49 1988-09-24 20 AP ORDERS for US durable goods soared by six per cent in August on the strength of big jumps in the military and transport sectors. The Commerce Department said yesterday that total orders had jumped to a seasonally adjusted U*****.1 billion last month. APAP - 49 words
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Article50 1988-09-24 20 Reuter DOCTORS fighting to save bedridden Japanese Emperor Hirohito gave him two extra blood transfusions yesterday in an effort to stop the decline in his blood pressure Palace officials told reporters that the 87-year-old Emperor, who collapsed on Monday after vomiting blood, had discharged blood again.Reuter - 50 words
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Article60 1988-09-24 20 AP ARMENIANS stayed away from work and school in two southern republics yesterday and food was running out in one area as Soviet tanks and soldiers patrolled to prevent further escalation of an ethnic dispute. It was reported that in Yerevan, public transport was workingAP - 60 words
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Advertisement101 1988-09-24 20 m H 3# A 1 V/ J r m .HE sp* irl At St Michael, we have a wine to suit every occasion. To complement the main course, we recommend our red wines from France. Like Chateau Gaillard, a full bodied yet mellow mixture of Cabernet and Merlot grapes. Or101 words
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